WOLFSPEED, INC. - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2011-09-01

Reporting Person: SWOBODA CHARLES M (Director, CHAIRMAN, PRESIDENT AND CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-01	COMMON STOCK	F	10927	$32.43	Disposed	236935	Direct
2011-09-01	COMMON STOCK	A	35000	—	Acquired	271935	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-01	NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$30.92	A	120000	Acquired	2018-09-01	COMMON STOCK (120000)	Direct

F1: Disposition of shares back to the company to satisfy withholding obligations related to restricted stock vesting September 1, 2011.

F2: Restricted stock award vesting in four equal annual installments commencing September 1, 2012.

F3: Includes 499 shares purchased by Mr. Swoboda on April 30, 2011 under the Cree, Inc. 2005 Employee Stock Purchase Plan.

F4: Option vests in three equal annual installments commencing September 1, 2012.