WOLFSPEED, INC. — Director's Dealing 2010

Oct 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2010-10-26

Reporting Person: TILLMAN ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-26	COMMON STOCK	A	3750	—	Acquired	3750	Direct
2010-10-26	COMMON STOCK	A	165	$51.40	Acquired	3915	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-26	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$51.27	A	3750	Acquired	2017-10-26	COMMON STOCK (3750)	Direct

Footnotes

F1: Restricted stock award vesting September 1, 2011.

F2: Represents shares of common stock credited to Mr. Tillman's 2010 deferral account under the Cree, Inc. Non-Employee Director Stock Compensation and Deferral Program, issuable following Mr. Tillman's Separation from Service with Cree.

F3: Option vests as to 1,250 shares on each of March 31, 2011, June 30, 2011 and September 30, 2011 or, if earlier, upon the election of directors at the 2011 Annual Meeting of Shareholders.