NIKE, Inc. — Director's Dealing 2010

Dec 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2010-12-01

Reporting Person: DENSON CHARLES D (President-NIKE Brand)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-01	Class B Common Stock	M	20000	$24.49	Acquired	108266	Direct
2010-12-01	Class B Common Stock	S	20000	$88	Disposed	88266	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-01	Non-Qualified Stock Option (right to buy)	$24.49	M	20000	Disposed	2012-07-22	Class B Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	10000	Indirect
Class B Common Stock	17960	Indirect
Class B Common Stock	1683	Indirect
Class B Common Stock	8504	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: Charles D. Denson, Member of Denson Investments LLC.

F3: Charles D. Denson, Trustee of the Charles D. Denson 2009 Annuity Trust.

F4: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F5: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F6: Option granted on 7/22/2002 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.