Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
HILLER NORBERT
   2. Issuer Name and Ticker or Trading Symbol
CREE INC [CREE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EXECUTIVE VICE PRESIDENT
(Last)
(First)
(Middle)
C/O CREE, INC., 4600 SILICON DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
09/01/2013
(Street)

DURHAM, NC 27703		 4. If Amendment, Date 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
(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 09/01/2013   J(1)   4,534 D $ 55.49 31,662 (2) D  
COMMON STOCK 09/03/2013   A(3)   13,000 A $ 0 44,662 D  
COMMON STOCK               1,233 (4) I BY SPOUSE

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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
NONQUALIFIED STOCK OPTION (RIGHT TO BUY) $ 54.6 09/03/2013   A   13,000   09/03/2014(5) 09/03/2020 COMMON STOCK 13,000 $ 0 13,000 D  
NONQUALIFIED STOCK OPTION (RIGHT TO BUY) $ 54.6 09/03/2013   A   1,125   09/03/2014(6) 09/03/2020 COMMON STOCK 1,125 $ 0 1,125 I BY SPOUSE

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HILLER NORBERT
C/O CREE, INC.
4600 SILICON DRIVE
DURHAM, NC 27703		       EXECUTIVE VICE PRESIDENT  

Signatures

 Norbert Hiller   09/04/2013
**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) Disposition of shares back to the company to satisfy withholding obligations related to restricted stock vesting September 1, 2013.
(2) Includes 796 shares purchased by Mr. Hiller under the Cree, Inc. 2005 Employee Stock Purchase Plan on April 30, 2013.
(3) Restricted stock unit vesting in four equal annual installments commencing September 1, 2014.
(4) Includes 223 shares purchased by Mr. Hiller's spouse under the Cree, Inc. 2005 Employee Stock Purchase Plan on April 30, 2013.
(5) Option vests as to 4,334 shares on September 3, 2014 and as to 4,333 shares on September 3, 2015 and September 3, 2016.
(6) Option vests in three equal annual installments commencing September 3, 2014.

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