MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

CADIAN CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001423686)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 195,000 Value ($000) $34,962 Avg Close $18.18 Range $16.42 - $20.98

Q3 2015

Shares 166,500 Value ($000) $32,712 Avg Close $19.82 Range $16.86 - $22.65

Q2 2015

Shares 275,000 Value ($000) $46,772 Avg Close $17.60 Range $16.59 - $19.79

Q1 2015

Shares 210,000 Value ($000) $35,530 Avg Close $16.88 Range $15.00 - $18.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	195,000	$34,962	$18.18	$16.42 - $20.98
Q3 2015	166,500	$32,712	$19.82	$16.86 - $22.65
Q2 2015	275,000	$46,772	$17.60	$16.59 - $19.79
Q1 2015	210,000	$35,530	$16.88	$15.00 - $18.26