NIKE, Inc. — Director's Dealing 2012

Mar 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2012-03-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-27	Class B Common Stock	M	40000.0	$26.12	Acquired	104231.0	Direct
2012-03-27	Class B Common Stock	S	40000.0	$108.5672	Disposed	64231.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-27	Non-Qualified Stock Option (right to buy)	$26.12	M	40000.0	Disposed	2013-07-18	Class B Common Stock (40000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	25000.0	Indirect
Class B Common Stock	9656.0	Indirect
Class B Common Stock	25000.0	Indirect
Class B Common Stock	2189.0	Indirect
Class B Common Stock	8669.0	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. These shares were sold in multiple transactions at prices ranging from $108.22 to $108.83, inclusive. The reporting person undertakes to provide NIKE, Inc., any security holder of NIKE, Inc., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote (2) to this Form 4.

F3: The reporting person transferred these shares to Denson Investments LLC, an Oregon limited liability company, of which the reporting person is the manager and of which the reporting person, his wife, the Lindsey Kirsten Denson GST Trust, the Justin Ryan Denson GST Trust, and the Jackson Michael Denson GST Trust are the only members. The reporting person's wife is the Trustee of the Lindsey Kirsten Denson GST Trust, the Justin Ryan Denson GST Trust, and the Jackson Michael Denson GST Trust. The reporting person disclaims beneficial ownership of NIKE, Inc. common stock held by the LLC except to the extent of his pecuniary interest therein.

F4: 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.

F5: Charles D. Denson, Trustee of the Charles D. Denson 2011 Annuity Trust.

F6: Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.

F7: Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.

F8: Option granted on 7/18/2003 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.