NIKE, Inc. — Director's Dealing 2011

Jul 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2011-07-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-15	Class B Common Stock	A	22356	—	Acquired	93926	Direct
2011-07-16	Class B Common Stock	F	4587	$91.7	Disposed	89339	Direct
2011-07-17	Class B Common Stock	F	6032	$91.7	Disposed	83307	Direct
2011-07-18	Class B Common Stock	F	4076	$91.7	Disposed	79231	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-15	Employee Stock Option (right to buy)	$91.7	A	120000	Acquired	2021-07-15	Class B Common Stock (120000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	10000	Indirect
Class B Common Stock	9656	Indirect
Class B Common Stock	25000	Indirect
Class B Common Stock	2050	Indirect
Class B Common Stock	8649	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: Restricted shares granted under the NIKE, Inc. 1990 Stock Incentive Plan. The restrictions lapse with respect to one-third of the shares on each of the first three anniversaries of the grant date; and upon any termination of employment, any shares as to which the restrictions have not expired shall be forfeited to NIKE for cancellation and become authorized but unissured shares.

F3: Includes 79,231 restricted shares granted under the NIKE, Inc. 1990 Stock Incentive Plan.

F4: Charles D. Denson, Member of Denson Investments LLC.

F5: 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.

F6: Charles D. Denson, Trustee of the Charles D. Denson 2011 Annuity Trust.

F7: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F8: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F9: Option Granted on 07/15/2011 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.