Cree, Inc.
CREE INC (Form: SC 13G/A, Received: 02/13/2017 12:54:13)

##################################################
Document Number: 1
File Name: cree13ga.txt
Type: SC 13G/A
Description:
##################################################
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Amendment No. 2

Cree Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

225447101
(CUSIP Number)

December 31, 2016
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:

|X| Rule 13-d-1(b)
Rule 13-d-1(c)
Rule 13-d-1(d)

*The remainder of this cover page shall be filled out for a

reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 225447101                         Schedule 13G
            </CAPTION>

               1.    Name of Reporting Persons.
                     I.R.S. Identification Nos. of above
                     persons (entities only).
                     Fairpointe Capital LLC 27-4469222
                     -------------------------------------

               2.    Check the Appropriate Box if a Member
                     of a Group (See Instructions)
                     N/A
                     (a)  [    ]
                     (b)  [    ]
               3.    SEC use only_________________________
               4.    Citizenship or Place of Organization
                             Chicago, IL
                         -------------------------
Number of      5.    Sole Voting Power                        5334651.0
Shares
Beneficially
Owned
by Each        6.    Shared Voting Power                     0
Reporting
Person With:
               7.    Sole Dispositive Power                  5412321.0

               8.    Shared Dispositive Power                 94000.0

               9.    Aggregate Amount Beneficially Owned by   5506321.0
                     Each Reporting Person
               10.   Check if the Aggregate Amount in Row         None
                     (9) Excludes Certain Shares (See
                     Instructions)
               11.   Percent of Class Represented by Amount    5.5%
                     in Row (9)
               12.   Type of Reporting Person (See             IA
                     Instructions)

Item 1.

(a)     Name of Issuer                           Cree Inc
                                                 ---------------------
(b)     Address of Issuer's Principal            4600 Silicon Drive
        Executive Offices                        ---------------------
                                                 Durham, NC 27703
                                                 ---------------------

Item 2.

(a)  Name of Person Filing                  Fairpointe Capital LLC
                                            ---------------------

(b)  Address of Principal Business Office
     or, if none, Residence                 One N Franklin,Ste 3300
                                            Chicago, IL 60606
                                            ---------------------

(c)  Citizenship                            United States
                                            ---------------------

(d)  Title of Class of Securities            Common stock
                                            ---------------------


(e)  CUSIP Number                             225447101
                                            ---------------------

Item 3. If this statement is filed pursuant to Sections 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a:

(a)      [  ] Broker or Dealer registered under Section 15 of the
              Act (15 U.S.C. 78o).
(b)      [  ] Bank as defined in section 3(a)(6) of the Act (15
              U.S.C. 78c).
(c)      [  ] Insurance Company as defined in section 3(a)(19) of
              the Act (15 U.S.C. 78c).
(d)      [  ] Investment Company registered under section 8 of the
              Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)      [X ] An investment adviser registered under
              Section 240.13d-1(b)(1)(ii)(E);
(f)      [  ] An employee benefit plan or endowment fund in
              accordance with Section 240.13d-1(b)(1)(ii)(F);
(g)      [  ] A parent holding company or control person in
              accordance with Section 240.13d-1(b)(1)(ii)(G);
(h)      [  ] A savings association as defined in Section 3(b) of
              the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)      [  ] A church plan that is excluded from the definition of
              an investment company under section 3(c)(14) of the
              Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)      [  ] Group, in accordance with Section 240.13d-
              1(b)(1)(ii)(J).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)   Amount beneficially owned    5506321.0
                                   -----------------
(b)   Percent of class             5.5%
                                   -----

(c) Number of shares as to which the person has:

      (i)    Sole power to vote or to direct the vote      5334651.0
                                                           -----------
      (ii)   Shared power to vote or to direct the vote    0
                                                           -----------
      (iii)  Sole power to dispose or to direct the        5412321.0
             disposition of                                -----------

      (iv)   Shared power to dispose or to direct the      94000.0
             disposition of                                -----------



Item 5.  Ownership of Five Percent or Less of a Class

     If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following |_|

Item 6.  Ownership of More than Five Percent on Behalf of Another
         Person

    If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, such securities, a statement to that effect should be included
in response to this item and, if such interest relates to more than
five percent of the class, such person should be identified.  A listing
of the shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of employee benefit
plan, pension fund or endowment fund is not required.

Item 7.   Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company


     If a parent holding company has filed this schedule, pursuant to
Rule 13d-l(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant
subsidiary.  If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.

Item 8.  Identification and Classification of Members of the Group


     If a group has filed this schedule pursuant to Section 240.13d-
1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member of the
group.  If a group has filed this schedule pursuant to Section 240.13d-
1(c) or Section 240.13d-1(d), attach an exhibit stating the identity of
each member of the group.

Item 9.  Notice of Dissolution of Group


     Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with
respect to transactions in the security reported on will be filed, if
required, by members of the group, in their individual capacity.  See
Item 5.

Item 10.  Certification

     (a) The following certification shall be included if the statement is filed pursuant to 240.13d-1(b):
          By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
         were acquired and are held in the ordinary course of business and were not acquired and are not held
         for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
         and were not acquired and are not held in connection with or as a participant in any transaction having
         that purpose or effect.
     (b) N/A
                               SIGNATURE

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.

                                   February 13, 2017
                                 _____________________________
                                             Date


                                    Michelle Katauskas
                                 _____________________________
                                 Chief Compliance Officer