NIKE, Inc. — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2011-03-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-24	Class B Common Stock	J	8304	—	Acquired	96570	Direct
2011-03-24	Class B Common Stock	J	8304	—	Disposed	9656	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	10000	Indirect
Class B Common Stock	1683	Indirect
Class B Common Stock	8504	Indirect

Footnotes

F1: In accordance with the termination of the Charles D. Denson 2009 Annuity Trust ("Trust"), the reporting person transferred 8,304 shares from the Trust to direct ownership by the reporting person. The remaining 9,656 shares are now held for the benefit of the reporting person's minor children by Lindsey Kirsten Denson GST Trust, Justin Ryan Denson GST Trust, and Jackson Michael Denson GST Trust. The reporting person disclaims beneficial ownership of NIKE, Inc. common stock held by Lindsey Kirsten Denson GST Trust, Justin Ryan Denson GST Trust, and Jackson Michael Denson GST Trust, except to the extent of his pecuniary interest therein.

F2: Charles D. Denson, Member of Denson Investments LLC.

F3: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F4: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.