<SEC-DOCUMENT>0001127602-19-026077.txt : 20190805
<SEC-HEADER>0001127602-19-026077.hdr.sgml : 20190805
<ACCEPTANCE-DATETIME>20190805170027
ACCESSION NUMBER:		0001127602-19-026077
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190801
FILED AS OF DATE:		20190805
DATE AS OF CHANGE:		20190805

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Slusher John F
		CENTRAL INDEX KEY:			0001418799

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10635
		FILM NUMBER:		19999401

	MAIL ADDRESS:	
		STREET 1:		ONE BOWERMAN DRIVE
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97005

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NIKE INC
		CENTRAL INDEX KEY:			0000320187
		STANDARD INDUSTRIAL CLASSIFICATION:	RUBBER & PLASTICS FOOTWEAR [3021]
		IRS NUMBER:				930584541
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			0531

	BUSINESS ADDRESS:	
		STREET 1:		ONE BOWERMAN DR
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97005-6453
		BUSINESS PHONE:		5036713173

	MAIL ADDRESS:	
		STREET 1:		ONE BOWERMAN DR
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97005-6453
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>PRIMARY DOCUMENT
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    <periodOfReport>2019-08-01</periodOfReport>

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        <issuerCik>0000320187</issuerCik>
        <issuerName>NIKE INC</issuerName>
        <issuerTradingSymbol>NKE</issuerTradingSymbol>
    </issuer>

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            <rptOwnerCik>0001418799</rptOwnerCik>
            <rptOwnerName>Slusher John F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE BOWERMAN DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BEAVERTON</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97005</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP: GBL SPORTS MKTG</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

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                <value>Class B Common Stock</value>
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        <nonDerivativeTransaction>
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                <natureOfOwnership>
                    <value>by Retirement Plan</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Non-Qualified Stock Option (Right to Buy)</value>
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                <value>23.27</value>
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            <transactionDate>
                <value>2019-08-01</value>
            </transactionDate>
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            <transactionAmounts>
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                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-07-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
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                </underlyingSecurityShares>
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                    <value>D</value>
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            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Non-Qualified Stock Option (Right to Buy)</value>
            </securityTitle>
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                <value>83.12</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2019-08-01</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
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            <transactionAmounts>
                <transactionShares>
                    <value>87658</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                    <value>A</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F7"/>
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            <expirationDate>
                <value>2029-08-01</value>
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                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
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                    <value>87658</value>
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    <footnotes>
        <footnote id="F1">Restricted Stock Units (&quot;RSUs&quot;) granted under the NIKE, Inc. Stock Incentive Plan. One-third of the total number of RSUs granted shall vest on each of the first three anniversaries of the date of the grant; and upon any termination of employment, any units that have not vested shall be forfeited to the Corporation.</footnote>
        <footnote id="F2">Includes shares acquired pursuant to NIKE, Inc.'s Employee Stock Purchase Plan.</footnote>
        <footnote id="F3">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 first 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.</footnote>
        <footnote id="F4">Shares withheld by the Company to satisfy tax withholding obligations upon vesting of RSUs; not an open market transaction.</footnote>
        <footnote id="F5">Shares held in account under the NIKE, Inc. 401(k) Savings and Profit Sharing Plan.</footnote>
        <footnote id="F6">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.</footnote>
        <footnote id="F7">Stock Option granted on 08/01/2019 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Adrian L. Bell, attorney-in-fact for Mr. Slusher</signatureName>
        <signatureDate>2019-08-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
