Pursuant to Rule 424(b)(3)
Registration No. 333-74100
PROSPECTUS SUPPLEMENT DATED JANUARY 3, 2003, TO PROSPECTUS
DATED JANUARY 17, 2002
CRAY INC.
Common Stock
On December 27, 2002, we called our 5% convertible subordinated debentures due November 6, 2004, for redemption. All holders converted all of their debentures on or prior to December 31, 2002. In connection with the conversion of all the debentures, we issued to the holders of the debentures an aggregate of 3,973,935 shares of our common stock, as follows:
| Holder | Shares Issued | |||
Riverview Group, LLC |
2,136,525 | |||
Omicron Master Trust |
854,610 | |||
Laterman & Co. |
213,652 | |||
Forevergreen Partners |
213,652 | |||
Clarion Capital Corporation |
427,305 | |||
The Morton A. Cohen
Revocable Living Trust |
128,191 | |||
These shares may be resold by the above selling shareholders pursuant to the Prospectus, dated January 17, 2002, as supplemented.