NIKE, Inc. — Director's Dealing 2011

Dec 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2011-12-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-27	Class B Common Stock	G	15000	—	Disposed	64231	Direct
2011-12-27	Class B Common Stock	G	15000	—	Acquired	25000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	9656	Indirect
Class B Common Stock	25000	Indirect
Class B Common Stock	2181	Indirect
Class B Common Stock	8650	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: The reporting person transferred these shares to Denson Investments LLC, an Oregon limited liability company, of which the reporting person is the manager and of which the reporting person, his wife, the Lindsey Kirsten Denson GST Trust, the Justin Ryan Denson GST Trust, and the Jackson Michael Denson GST Trust are the only members. The reporting person's wife is the Trustee of the Lindsey Kirsten Denson GST Trust, the Justin Ryan Denson GST Trust, and the Jackson Michael Denson GST Trust. The reporting person disclaims beneficial ownership of NIKE, Inc. common stock held by the LLC except to the extent of his pecuniary interest therein.

F3: 9,656 shares are 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.

F4: Charles D. Denson, Trustee of the Charles D. Denson 2011 Annuity Trust.

F5: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F6: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.