X0202 4 2007-07-20 0 0000320187 NIKE INC NKE 0001237789 BLAIR DONALD W ONE BOWERMAN DRIVE BEAVERTON OR 97005 0 1 0 0 VP & CFO Non-Qualified Stock Option (right to buy) 58.52 2007-07-20 4 A 0 50000 0 A 2017-07-20 Class B Common Stock 50000 50000 D 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. Option granted on 7/20/2007 and becomes 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: Donald W Blair 2007-07-24