NIKE, Inc. — Director's Dealing 2010

Dec 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2010-12-21

Reporting Person: COOK TIMOTHY D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-21	Class B Common Stock	M	10000	$42.985	Acquired	10000	Direct
2010-12-21	Class B Common Stock	S	10000	$91	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-21	Non-Qualified Stock Option (right to buy)	$42.985	M	10000	Disposed	2015-11-17	Class B Common Stock (10000)	Direct

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: Option granted on 11/17/2005 and becomes exercisable with respect to 100% of the shares on the first anniversary of the date of the grant.