WOLFSPEED, INC. — Director's Dealing 2012

May 31, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CREE INC (CREE)
CIK: 0000895419
Period of Report: 2012-05-22

Reporting Person: McDevitt Michael E (VICE PRESIDENT AND INTERIM CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	5109	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$27.47	2014-09-04	COMMON STOCK (2333)		Direct
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$22.90	2015-09-02	COMMON STOCK (10666)		Direct
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$35.89	2016-09-01	COMMON STOCK (4500)		Direct
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$55.30	2017-09-01	COMMON STOCK (6000)		Direct
NONQUALIFIED STOCK OPTION (RIGHT TO BUY)	$30.92	2018-09-01	COMMON STOCK (7000)		Direct

Footnotes

F1: Option vested as to 5,333 shares on each of September 2, 2009 and September 2, 2010.

F2: Option vests as to 1,500 shares on each of September 1, 2010. September 1, 2011 and September 1, 2012.

F3: Option vests as to 2,000 shares on each of September 1, 2011, September 1, 2012 and September 1, 2013.

F4: Option vests as to 2,334 shares on September 1, 2012 and as to 2,333 shares on September 1, 2013 and September 1, 2014.