SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Helfant Adam S
(Last) (First) (Middle)
ONE BOWERMAN DRIVE
(Street)
BEAVERTON OR 97005
(City) (State) (Zip)
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)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
12/23/2005
4. If Amendment, Date of 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
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 12/23/2005(1) X 1,500 A $48.25 9,993 D
Class B Common Stock 12/23/2005 S 1,500 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 2,000 A $58.75 10,493 D
Class B Common Stock 12/23/2005 S 2,000 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 5,000 A $48.4375 13,493 D
Class B Common Stock 12/23/2005 S 5,000 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 10,000 A $54.25 18,493 D
Class B Common Stock 12/23/2005 S 10,000 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 10,000 A $56.25 18,493 D
Class B Common Stock 12/23/2005 S 10,000 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 12,000 A $27.6875 20,493 D
Class B Common Stock 12/23/2005 S 12,000 D $86.6896 8,493 D
Class B Common Stock 12/23/2005 X 10,000 A $42.36 18,493 D
Class B Common Stock 12/23/2005 S 10,000 D $86.6896 8,493(2) D
Class B Common Stock 380 I by ESPP(3)
Class B Common Stock 1,155 I by Retirement Plan(4)
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 Securities Underlying Derivative Security (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: 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) $27.6875 12/23/2005 X 12,000 (5) 03/08/2010 Class B Common Stock 12,000 $0 0 D
Non-Qualified Stock Option (right to buy) $42.36 12/23/2005 X 10,000 (6) 07/12/2011 Class B Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $48.25 12/23/2005 X 1,500 (7) 07/25/2006 Class B Common Stock 1,500 $0 0 D
Non-Qualified Stock Option (right to buy) $48.4375 12/23/2005 X 5,000 (8) 07/16/2008 Class B Common Stock 5,000 $0 0 D
Non-Qualified Stock Option (right to buy) $54.25 12/23/2005 X 10,000 (9) 07/23/2009 Class B Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $56.25 12/23/2005 X 10,000 (10) 10/15/2009 Class B Common Stock 10,000 $0 0 D
Non-Qualified Stock Option (right to buy) $58.75 12/23/2005 X 2,000 (11) 07/14/2007 Class B Common Stock 2,000 $0 0 D
Explanation of Responses:
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. Includes 5,562 restricted shares granted under the NIKE, Inc. 1990 Stock Incentive Plan.
3. Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.
4. Shares held in account under the NIKE, Inc. Retirement Savings Plan
5. Option granted on 3/08/2000 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
6. Option granted on 7/12/2001 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
7. Option granted on 7/26/1996 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
8. Option granted on 7/16/1998 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
9. Option granted on 7/23/1999 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
10. Option granted on 10/15/1999 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
11. Option granted on 7/14/1997 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.
By: John F. Coburn III For: Adam S. Helfant 12/27/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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