NIKE, Inc. — Director's Dealing 2018

May 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIKE INC (NKE)
CIK: 0000320187
Period of Report: 2018-05-16

Reporting Person: SPRUNK ERIC D (CHIEF OPERATING OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-16	Class B Common Stock	M	50000	$23.27	Acquired	191959.0633	Direct
2018-05-16	Class B Common Stock	S	50000	$70.0002	Disposed	141959.0633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-16	Non-Qualified Stock Option (right to buy)	$23.27	M	50000	Disposed	2022-07-20	Class B Common Stock (50000)	Direct

Footnotes

F1: Exercise and sale was pursuant to an approved 10b5-1 trading plan. Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the second full trading day after the public 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 $70.00 to $70.005, 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 footnote (2) to this Form 4.

F3: Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.

F4: Stock Option granted on 07/20/2012 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.