NIKE, Inc. — Director's Dealing 2014

Jan 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2014-01-23

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-23	Class A Common Convertible	$	G	6891502.0	Acquired		Class B Common Stock (6891502)	Direct
2014-01-23	Class A Common Convertible	$	G	6891502.0	Disposed		Class B Common Stock (6891502)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	15480	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Convertible	$		Class B Common Stock (260896)	260896	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: Pursuant to Company policy, market transactions in 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.

F3: On January 23, 2014, a disbursement of Class A Common Stock was made by the Trustee of the Philip H. Knight 2010 Annuity Trust N, the Philip H. Knight 2012 Annuity Trust N12 and the Philip H. Knight 2013 Annuity Trust N13 to the reporting person as follows: (i) 597,939 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2010 Annuity Trust N to Philip H. Knight; and (ii) 3,670,243 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2012 Annuity Trust N12 to Philip H. Knight; and (iii) 2,623,320 shares of Class A Common Stock from the Trustee of the Philip H. Knight 2013 Annuity Trust N13 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.

F4: For estate planning purposes, on January 23, 2014, the reporting person contributed 6,891,502 shares of Class A Common Stock to the Philip H. Knight 2014 Annuity Trust N14-I. The Trust is a grantor retained annuity trust.

F5: Shares held directly by spouse, Penelope P. Knight. 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.