X0304 4 2012-03-09 0 0001050446 MICROSTRATEGY INC MSTR 0001079782 SAYLOR MICHAEL J C/O MICROSTRATEGY INCORPORATED 1850 TOWERS CRESCENT PLAZA TYSONS CORNER VA 22182 1 1 1 0 Chairman, President and CEO Class A Common Stock 2012-03-09 4 M 0 15300 20.69 A 15300 D Class A Common Stock 2012-03-09 4 S 0 400 132.50 D 14900 D Class A Common Stock 2012-03-09 4 S 0 500 132.51 D 14400 D Class A Common Stock 2012-03-09 4 S 0 100 132.53 D 14300 D Class A Common Stock 2012-03-09 4 S 0 200 132.5701 D 14100 D Class A Common Stock 2012-03-09 4 S 0 200 132.58 D 13900 D Class A Common Stock 2012-03-09 4 S 0 100 132.66 D 13800 D Class A Common Stock 2012-03-09 4 S 0 100 132.675 D 13700 D Class A Common Stock 2012-03-09 4 S 0 300 132.79 D 13400 D Class A Common Stock 2012-03-09 4 S 0 300 133.00 D 13100 D Class A Common Stock 2012-03-09 4 S 0 300 133.03 D 12800 D Class A Common Stock 2012-03-09 4 S 0 400 133.0401 D 12400 D Class A Common Stock 2012-03-09 4 S 0 6229 133.10 D 6171 D Class A Common Stock 2012-03-09 4 S 0 200 133.11 D 5971 D Class A Common Stock 2012-03-09 4 S 0 100 133.115 D 5871 D Class A Common Stock 2012-03-09 4 S 0 396 133.12 D 5475 D Class A Common Stock 2012-03-09 4 S 0 150 133.13 D 5325 D Class A Common Stock 2012-03-09 4 S 0 400 133.1401 D 4925 D Class A Common Stock 2012-03-09 4 S 0 400 133.15 D 4525 D Class A Common Stock 2012-03-09 4 S 0 700 133.18 D 3825 D Class A Common Stock 2012-03-09 4 S 0 900 133.195 D 2925 D Class A Common Stock 2012-03-09 4 S 0 300 133.20 D 2625 D Class A Common Stock 2012-03-09 4 S 0 100 133.205 D 2525 D Class A Common Stock 2012-03-09 4 S 0 300 133.25 D 2225 D Class A Common Stock 2012-03-09 4 S 0 200 133.255 D 2025 D Class A Common Stock 2012-03-09 4 S 0 600 133.26 D 1425 D Class A Common Stock 2012-03-09 4 S 0 200 133.2601 D 1225 D Class A Common Stock 2012-03-09 4 S 0 200 133.27 D 1025 D Class A Common Stock 2012-03-09 4 S 0 25 133.275 D 1000 D Class A Common Stock 2012-03-09 4 S 0 100 133.28 D 900 D Employee Stock Option (right to buy) 20.69 2012-03-09 4 M 0 15300 0.00 D 2013-02-08 Class A Common Stock 15300 377846 D Separate open market sale transactions that were executed on 03/09/2012 at the same price have been reported on an aggregate basis on a single line in Table I. The order in which sale transactions are set forth in Table I is not necessarily reflective of the sequence in which the sale transactions occurred in fact. The 15,300 shares exercised on 03/09/2012 pursuant to this stock option vested on 02/28/2004. Of the remaining 377,846 shares pursuant to this stock option, 49,846 shares vested on 02/28/2004, 82,000 shares vested on 02/28/2005, 82,000 shares vested on 02/08/2006, 82,000 shares vested on 02/08/2007, and 82,000 shares vested on 02/08/2008. See Exhibit A. This is the first Form 4 of two Form 4 filings made by the reporting person to report transactions that occurred on March 9, 2012. /s/ Michael J. Saylor 2012-03-13