NIKE, Inc. — Director's Dealing 2010

Sep 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2010-09-27

Reporting Person: DESTEFANO GARY (President-Global Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-27	Class B Common Stock	M	22000	$36.605	Acquired	69069	Direct
2010-09-27	Class B Common Stock	M	75000	$39.38	Acquired	144069	Direct
2010-09-27	Class B Common Stock	M	100000	$43.795	Acquired	244069	Direct
2010-09-27	Class B Common Stock	M	12500	$52.44	Acquired	256569	Direct
2010-09-27	Class B Common Stock	M	24699	$58.2	Acquired	281268	Direct
2010-09-27	Class B Common Stock	S	174952	$78.51	Disposed	106316	Direct
2010-09-27	Class B Common Stock	S	59247	$79.06	Disposed	47069	Direct
2010-09-28	Class B Common Stock	M	301	$58.2	Acquired	47370	Direct
2010-09-28	Class B Common Stock	M	37500	$52.44	Acquired	84870	Direct
2010-09-28	Class B Common Stock	S	58550	$80.01	Disposed	26320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-27	Non-Qualified Stock Option (right to buy)	$36.605	M	22000	Disposed	2014-07-16	Class B Common Stock (22000)	Direct
2010-09-27	Non-Qualified Stock Option (right to buy)	$39.38	M	75000	Disposed	2016-07-14	Class B Common Stock (75000)	Direct
2010-09-27	Non-Qualified Stock Option (right to buy)	$43.795	M	100000	Disposed	2015-07-15	Class B Common Stock (100000)	Direct
2010-09-27	Non-Qualified Stock Option (right to buy)	$52.44	M	12500	Disposed	2019-07-17	Class B Common Stock (12500)	Direct
2010-09-28	Non-Qualified Stock Option (right to buy)	$52.44	M	37500	Disposed	2019-07-17	Class B Common Stock (37500)	Direct
2010-09-27	Non-Qualified Stock Option (right to buy)	$58.2	M	24699	Disposed	2018-07-18	Class B Common Stock (24699)	Direct
2010-09-28	Non-Qualified Stock Option (right to buy)	$58.2	M	301	Disposed	2018-07-18	Class B Common Stock (301)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	5578	Indirect
Class B Common Stock	6725	Indirect

Footnotes

F1: Exercise and sale pursuant to an approved 10b5-1 trading plan. Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the second full trading day after the public release of quarterly earnings and ending on the last day of the second month of the following fiscal quarter, except pursuant to approved 10b5-1 trading plans.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.15 to $78.99, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes (2), (3) and (4) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $79.00 to $79.15.

F4: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $80.00-$80.05.

F5: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F6: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F7: Option granted on 7/16/2004 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F8: Option granted on 7/14/2006 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F9: Option granted on 7/15/2005 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F10: Option granted on 07/17/2009 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F11: Option granted on 07/18/2008 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.