X0201 42003-08-11 0000895419 CREE INC CREE 0001182180 SWOBODA CHARLES M 709 WALCOTT WAY MORRISVILLE NC 27560 1100PRESIDENT AND CEOCommon Stock2003-08-114M0100003.8125A73341DNonqualified Stock Option (Right to Buy)3.81252003-08-114M0100000D1999-07-012008-07-01Common Stock10000140000DIncludes 2,000 shares of common stock purchased in the Cree, Inc. 1999 Employee Stock Purchase Plan on April 30, 2003.Option vested and became exercisable as to 20,000 shares on July 1, 1999 and as to 80,000 shares on each of July 1, 2000 and July 1, 2001.Charles M. Swoboda2003-08-11