NIKE, Inc. — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2010-12-30

Reporting Person: KNIGHT PHILIP H (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Class A Common Convertible	$	G	2000000	Acquired		Class B Common Stock (2000000)	Direct

Footnotes

F1: Class A Common Stock is convertible at any time on a one-for-one basis into Class B Common Stock with no expiration date.

F2: On December 30, 2010, the reporting person contributed 2,000,000 shares of Class A Common Stock to Patrick Kilkenny, Trustee of The Philip H. Knight 2010 Annuity Trust N. The trust is a grantor retained annuity trust.