NIKE, Inc. — Director's Dealing 2012

Jan 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2012-01-13

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-13	Class A Common Convertible	$	G	2646601	Acquired		Class B Common Stock (2646601)	Direct
2012-01-13	Class A Common Convertible	$	J	2300000	Acquired		Class B Common Stock (2300000)	Direct
2012-01-13	Class A Common Convertible	$	G	4946601	Disposed		Class B Common Stock (4946601)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	7740	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Convertible	$		Class B Common Stock (130448)	130448	Indirect

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 January 13, 2012, a disbursement of Class A Common Stock was made by the Trustee of the Philip H. Knight 2009 Annuity Trust N1, N2, N3 and the Philip H. Knight 2010 Annuity Trust N to the reporting person as follows: (i) 1,076,339 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2009 Annuity Trust N1 to Philip H. Knight; (ii) 723,694 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2009 Annuity Trust N2 to Philip H. Knight; and (iii) 532,681shares of Class A Common Stock from the Trustee of the Philip H. Knight 2009 Annuity Trust N3 to Philip H. Knight; and (iv) 313,887 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2010 Annuity Trust N to Philip H. Knight. Each trust is a grantor retained annuity trust ("GRAT") and the disbursement is an annuity payment pursuant to the terms of each GRAT.

F3: On January 13, 2012, the Trustee of the Philip H. Knight 2009 Annuity Trust N1 distributed 2,300,000 shares of Class A Common Stock to the reporting person upon the reporting person's contribution to the Trust of property in substitution for such shares.

F4: On January 13, 2012, the reporting person contributed 4,946,601 shares of Class A Common Stock to Patrick Kilkenny TR UA 01/13/2012, Philip H. Knight 2012 Annuity Trust N12. The trust is a grantor retained annuity trust.

F5: 130,448 shares are held by a corporation owned by wife. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.