FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * VON ARX DOLPH W   2. Issuer Name and Ticker or Trading Symbol CREE INC [CREE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3663 RUM ROW 3. Date of Earliest Transaction (Month/Day/Year) 02/10/2010 (Street) NAPLES, FL 34102 4. If Amendment, Date Original Filed(Month/Day/Year) 02/12/2010 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price COMMON STOCK 02/10/2010   J(1)   302 A $ 56.66 520,713 D   COMMON STOCK 02/10/2010   J(1)   300 A $ 56.67 521,013 D   COMMON STOCK 02/10/2010   J(1)   200 A $ 56.68 521,213 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.7 521,313 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.705 521,413 D   COMMON STOCK 02/10/2010   J(1)   600 A $ 56.71 522,013 D   COMMON STOCK 02/10/2010   J(1)   600 A $ 56.73 522,613 D   COMMON STOCK 02/10/2010   J(1)   300 A $ 56.74 522,913 D   COMMON STOCK 02/10/2010   J(1)   300 A $ 56.76 523,213 D   COMMON STOCK 02/10/2010   J(1)   300 A $ 56.77 523,513 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.7775 523,613 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.78 523,713 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.79 523,813 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.8 523,913 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.82 524,013 D   COMMON STOCK 02/10/2010   J(1)   200 A $ 56.83 524,213 D   COMMON STOCK 02/10/2010   J(1)   200 A $ 56.84 524,413 D   COMMON STOCK 02/10/2010   J(1)   200 A $ 56.91 524,613 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.92 524,713 D   COMMON STOCK 02/10/2010   J(1)   300 A $ 56.94 525,013 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.9408 525,113 D   COMMON STOCK 02/10/2010   J(1)   198 A $ 56.95 525,311 D   COMMON STOCK 02/10/2010   J(1)   100 A $ 56.9525 525,411 D (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
VON ARX DOLPH W 3663 RUM ROW NAPLES, FL 34102	X

Signatures

Tamara Cappelson, Attorney-In-Fact		02/12/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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).
(1)	On February 10, 2010, the trustee for the Sharon von Arx Revocable Living Trust placed an order to sell 5,000 shares of the Issuer's common stock in open market transactions. These transactions were originally reported on a Form 4 filed on February 12, 2010 (Accession No. 0000895419-10-000013). On February 12, 2010, prior to settlement, these previously-reported transactions were cancelled by the broker through its broker error account. These transactions, therefore, did not occur for the reporting person's account.
(2)	Of the 525,411 shares reported, (1) 63,500 shares are held directly; (2) 417,585 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx; (3) 15,000 shares are held indirectly in a revocable living trust for the benefit of Mr. von Arx's spouse; and (4) 29,326 shares are held indirectly in family trusts. Mr. von Arx disclaims beneficial ownership of the 29,326 shares held by the family trusts.

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