FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * DENSON CHARLES D   2. Issuer Name and Ticker or Trading Symbol NIKE INC [NKE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President-NIKE Brand (Last) (First) (Middle) ONE BOWERMAN DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 04/30/2012 (Street) BEAVERTON, OR 97005 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class B Common Stock 04/30/2012(1)   M   6,878 A $ 26.12 79,179 D   Class B Common Stock 04/30/2012   S   6,878 D $ 112 72,301 D   Class B Common Stock 05/01/2012(1)   M   6,173 A $ 26.12 78,474 D   Class B Common Stock 05/01/2012   S   6,173 D $ 112 72,301 D   Class B Common Stock 05/02/2012(1)   M   11,949 A $ 26.12 84,250 D   Class B Common Stock 05/02/2012   S   11,949 D $ 112 72,301 D   Class B Common Stock 05/02/2012(1)   M   25,000 A $ 26.12 97,301 D   Class B Common Stock 05/02/2012   S   25,000 D $ 114 72,301 D   Class B Common Stock               25,000 I by Denson Invest (2) Class B Common Stock               9,656 I by Denson Trust (3) Class B Common Stock (1)               16,930 I by Denson Trust 2011 (4) Class B Common Stock               2,189 I by ESPP (5) Class B Common Stock               8,669 I by Retirement Plan (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 26.12

04/30/2012

M

6,878

(7)

07/18/2013

Class B Common Stock

6,878

$ 0

68,122

D

Non-Qualified Stock Option (right to buy)

$ 26.12

05/01/2012

M

6,173

(7)

07/18/2013

Class B Common Stock

6,173

$ 0

61,949

D

Non-Qualified Stock Option (right to buy)

$ 26.12

05/02/2012

M

11,949

(7)

07/18/2013

Class B Common Stock

11,949

$ 0

50,000

D

Non-Qualified Stock Option (right to buy)

$ 26.12

05/02/2012

M

25,000

(7)

07/18/2013

Class B Common Stock

25,000

$ 0

25,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DENSON CHARLES D ONE BOWERMAN DRIVE BEAVERTON, OR 97005			President-NIKE Brand

Signatures

By: Ann M. Miller For: Charles Denson		05/02/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	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.
(2)	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.
(3)	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.
(4)	Charles D. Denson, Trustee of the Charles D. Denson 2011 Annuity Trust.
(5)	Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.
(6)	Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.
(7)	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.

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