WOLFSPEED, INC. — Director's Dealing 2012

May 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2012-03-31

Reporting Person: RUUD ALAN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-29	Common Stock	G	9600	—	Disposed	1450842	Direct
2012-03-31	Common Stock	J	3808	$40.85	Disposed	1447034	Direct
2012-05-25	Common Stock	J	1214	$40.85	Disposed	1446925	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	205	Indirect

Footnotes

F1: Return of escrowed shares to the issuer pursuant to a Stock Purchase Agreement and an Escrow Agreement entered into on August 17, 2011 in connection with the acquisition by Cree, Inc. of all the outstanding capital stock of Ruud Lighting, Inc. The shares were returned as part of a post-closing purchase price adjustment under the terms of the Stock Purchase Agreement.

F2: Return of escrowed shares to the issuer pursuant to a Stock Purchase Agreement and an Escrow Agreement entered into on August 17, 2011 in connection with the acquisition by Cree, Inc. of all the outstanding capital stock of Ruud Lighting, Inc. The shares were returned pursuant to an indemnity claim under the terms of the Stock Purchase Agreement.

F3: Amount of shares beneficially owned includes 1,105 shares of common stock purchased by Mr. Ruud on April 30, 2012 under the Cree, Inc. 2005 Employee Stock Purchase Plan, as amended.