NIKE, Inc. — Director's Dealing 2011

Jul 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (nke)
CIK: 0000320187
Period of Report: 2011-07-21

Reporting Person: Wyett Roger (President of Nike Affiliates)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-21	Class B Common Stock	M	8250	$58.52	Acquired	22389	Direct
2011-07-21	Class B Common Stock	S	8250	$90.61	Disposed	14139	Direct
2011-07-21	Class B Common Stock	M	8250	$58.2	Acquired	22389	Direct
2011-07-21	Class B Common Stock	S	8250	$90.61	Disposed	14139	Direct
2011-07-21	Class B Common Stock	M	8250	$52.44	Acquired	22389	Direct
2011-07-21	Class B Common Stock	S	8250	$90.61	Disposed	14139	Direct
2011-07-21	Class B Common Stock	M	7500	$68.96	Acquired	22389	Direct
2011-07-21	Class B Common Stock	S	7500	$90.61	Disposed	14139	Direct
2011-07-21	Class B Common Stock	S	5046	$90.61	Disposed	9093	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-21	Non-Qualified Stock Option (Right to Buy)	$58.52	M	8250	Acquired	2017-07-20	Class B Common Stock (8250)	Direct
2011-07-21	Non-Qualified Stock Option (Right to Buy)	$58.2	M	8250	Acquired	2018-07-18	Class B Common Stock (8250)	Direct
2011-07-21	Non-Qualified Stock Option (Right to Buy)	$52.44	M	8250	Acquired	2019-07-17	Class B Common Stock (8250)	Direct
2011-07-21	Non-Qualified Stock Option (Right to Buy)	$68.96	M	7500	Acquired	2020-07-16	Class B Common Stock (7500)	Direct

Footnotes

F1: Option granted on 7/20/2007 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F2: 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.

F3: 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.

F4: Option granted on 07/16/2010 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F5: 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.

F6: Includes 9,093 restricted shares granted under the NIKE, Inc. 1990 Stock Incentive Plan.