NIKE, Inc. — Director's Dealing 2011

Jul 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SPRUNK ERIC D (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-07	Class B Common Stock	M	10000	$36.605	Acquired	42533	Direct
2011-07-07	Class B Common Stock	S	10000	$93.8123	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	10000	$36.605	Acquired	42533	Direct
2011-07-07	Class B Common Stock	S	10000	$93.8834	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	5000	$36.605	Acquired	37533	Direct
2011-07-07	Class B Common Stock	S	5000	$93.8653	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	10000	$36.605	Acquired	42533	Direct
2011-07-07	Class B Common Stock	S	10000	$93.9	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	5000	$36.605	Acquired	37533	Direct
2011-07-07	Class B Common Stock	S	5000	$93.7952	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	7717	$36.605	Acquired	40250	Direct
2011-07-07	Class B Common Stock	S	7717	$93.96	Disposed	32533	Direct
2011-07-07	Class B Common Stock	M	5000	$36.605	Acquired	37533	Direct
2011-07-07	Class B Common Stock	S	5000	$93.7996	Disposed	32533	Direct
2011-07-08	Class B Common Stock	M	10000	$36.605	Acquired	42533	Direct
2011-07-08	Class B Common Stock	S	10000	$92.78	Disposed	32533	Direct
2011-07-08	Class B Common Stock	M	3283	$36.605	Acquired	35816	Direct
2011-07-08	Class B Common Stock	S	3283	$92.91	Disposed	32533	Direct
2011-07-08	Class B Common Stock	M	10000	$39.38	Acquired	42533	Direct
2011-07-08	Class B Common Stock	S	10000	$92.75	Disposed	32533	Direct
2011-07-08	Class B Common Stock	M	10000	$39.38	Acquired	42533	Direct
2011-07-08	Class B Common Stock	S	10000	$92.7325	Disposed	32533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	10000	Disposed	2014-07-16	Class B Common Stock (10000)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	10000	Disposed	2014-07-16	Class B Common Stock (10000)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	5000	Disposed	2014-07-16	Class B Common Stock (5000)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	10000	Disposed	2014-07-16	Class B Common Stock (10000)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	5000	Disposed	2014-07-16	Class B Common Stock (5000)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	7717	Disposed	2014-07-16	Class B Common Stock (7717)	Direct
2011-07-07	Non-Qualified Stock Option (right to buy)	$36.605	M	5000	Disposed	2014-07-16	Class B Common Stock (5000)	Direct
2011-07-08	Non-Qualified Stock Option (right to buy)	$36.605	M	10000	Disposed	2014-07-16	Class B Common Stock (10000)	Direct
2011-07-08	Non-Qualified Stock Option (right to buy)	$36.605	M	3283	Disposed	2014-07-16	Class B Common Stock (3283)	Direct
2011-07-08	Non-Qualified Stock Option (right to buy)	$39.38	M	10000	Disposed	2016-07-14	Class B Common Stock (10000)	Direct
2011-07-08	Non-Qualified Stock Option (right to buy)	$39.38	M	10000	Disposed	2016-07-14	Class B Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	2014	Indirect
Class B Common Stock	887	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.80 to $93.821, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes (2), (3), (4), (5), (6) and (7) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $93.86 to $93.92.

F4: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $80.00-$80.05.

F5: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $93.78 to $93.815.

F6: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $93.791 to $93.821.

F7: The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $92.71 to $92.79.

F8: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F9: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F10: Option granted on 7/16/2004 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

F11: Option granted on 7/14/2006 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.