NIKE, Inc. — Director's Dealing 2014

Jul 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2014-07-24

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-24	Class A Common Convertible	$	J	24118.0	Acquired		Class B Common Stock (24118)	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: For estate planning purposes, on July 24, 2014, the Trustee of the Phil H Knight 2009 Annuity Trust N3 (a grantor retained annuity trust) distributed 24,118 shares of Class A Common Stock to the reporting person. This transfer relates to the transaction on October 30, 2013, and reported on a Form 4 for the reporting person dated 10/31/2013, which was an estate planning transaction whereby the Trustee transferred 3,979,336 shares of the Class A Common Stock to the reporting person upon the reporting person's contribution to the Trust of property of equal value. It was determined by the Trustee that the actual value of property transferred to the Trust on 10-30-13 exceeded the value of the shares transferred to the reporting person, and the transfer of shares reported herein was effected by the Trustee to account for such shortfall, with the shares valued as of the date of the original transfer (10-30-13), or $76.4200 per share.

F4: 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.