NIKE, Inc. — Director's Dealing 2012

Jan 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2012-01-12

Reporting Person: Ayre David J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-12	Class B Common Stock	M	10625	$52.44	Acquired	32734	Direct
2012-01-12	Class B Common Stock	S	10625	$98.6324	Disposed	22109	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-12	Non-Qualified Stock Option (right to buy)	$52.44	M	10625	Disposed	2019-07-17	Class B Common Stock (10625)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	2038	Indirect
Class B Common Stock	431	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 $98.62 to $98.68, 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) to this Form 4.

F3: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F4: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F5: Option granted on 07/17/2009 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.