NIKE, Inc. — Director's Dealing 2010

Nov 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2010-10-28

Reporting Person: SPRUNK ERIC D (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-28	Class B Common Stock	M	5000	$26.12	Acquired	40568	Direct
2010-10-28	Class B Common Stock	S	5000	$81	Disposed	35568	Direct
2010-10-29	Class B Common Stock	M	5000	$26.12	Acquired	40568	Direct
2010-10-29	Class B Common Stock	S	5000	$81.2	Disposed	35568	Direct
2010-10-29	Class B Common Stock	G	175	—	Disposed	1646	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-28	Non-Qualified Stock Option (right to buy)	$26.12	M	5000	Disposed	2013-07-18	Class B Common Stock (5000)	Direct
2010-10-29	Non-Qualified Stock Option (right to buy)	$26.12	M	5000	Disposed	2013-07-18	Class B Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	763	Indirect

Footnotes

F1: Pursuant to Company policy, market sales of Company stock by officers and directors are permitted only after the second full trading day after the 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: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F3: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F4: Option granted on 7/18/2003 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.