SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

HILLER NORBERT

(Last)

(First)

(Middle)

C/O CREE, INC.

4600 SILICON DRIVE

(Street)

DURHAM

27703

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/18/2011

3. Issuer Name and Ticker or Trading Symbol
CREE INC [ CREE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EXECUTIVE VICE PRESIDENT

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	22,246⁽¹⁾	D
Common Stock	181	I	By Spouse

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Option (Right to Buy)	02/05/2011⁽²⁾	02/05/2015	Common Stock	60,000	$31.12	D
Nonqualified Stock Option (Right to Buy)	09/02/2011	09/02/2015	Common Stock	10,000	$22.9	D
Nonqualified Stock Option (Right to Buy)	09/01/2011⁽³⁾	09/01/2016	Common Stock	23,333	$35.89	D
Nonqualified Stock Option (Right to Buy)	09/01/2011⁽⁴⁾	09/01/2017	Common Stock	30,000	$55.3	D
Nonqualified Stock Option (Right to Buy)	09/01/2012⁽⁵⁾	09/01/2018	Common Stock	40,000	$30.92	D
Nonqualified Stock Option (Right to Buy)	09/02/2011	09/02/2015	Common Stock	333	$22.9	I	By Spouse
Nonqualified Stock Option (Right to Buy)	09/01/2011⁽⁶⁾	09/01/2016	Common Stock	1,000	$35.89	I	By Spouse
Nonqualified Stock Option (Right to Buy)	09/01/2011⁽⁷⁾	09/01/2017	Common Stock	1,555	$55.3	I	By Spouse
Nonqualified Stock Option (Right to Buy)	09/01/2012⁽⁸⁾	09/01/2018	Common Ctock	1,500	$30.92	I	By Spouse

Explanation of Responses:

1. Includes 15,400 shares of restricted stock vesting as to 5,250 shares on September 1, 2012; 4,450 shares on September 1, 2013; 3,450 shares on September 1, 2014; and 2,250 shares on September 1, 2015.

2. Option vests as to 20,000 shares on each of February 5, 2011, February 5, 2012 and February 5, 2013.

3. Option vests as to 11,667 shares on September 1, 2011 and as to 11,666 shares on September 1, 2012.

4. Option vests as to 10,000 shares on each of September 1, 2011, September 1, 2012 and September 1, 2013.

5. Option vests as to 13,334 shares on September 1, 2012 and as to 13,333 shares on each of September 1, 2013 and September 1, 2014.

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

7. Option vests as to 519 shares on September 1, 2011 and as to 518 shares on each of September 1, 2012 and September 1, 2013.

8. Option vests as to 500 shares on each of September 1, 2012, September 1, 2013 and September 1, 2014.

Remarks:

	Norbert Hiller	10/26/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.