Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SPRUNK ERIC 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)
Chief Operating Officer
(Last)
(First)
(Middle)
ONE BOWERMAN DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
12/23/2014
(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 12/23/2014(1)   M   26,000 A $ 19.69 160,270 D  
Class B Common Stock 12/23/2014(1)   S   26,000 D $ 96.1008 (2) 134,270 D  
Class B Common Stock 12/23/2014(1)   M   66,000 A $ 21.9 200,270 D  
Class B Common Stock 12/23/2014(1)   S   66,000 D $ 96.1008 (2) 134,270 D  
Class B Common Stock 12/24/2014(1)   M   42,854 A $ 29.1 177,124 D  
Class B Common Stock 12/24/2014(1)   S   42,854 D $ 96.7529 (3) 134,270 D  
Class B Common Stock 12/24/2014(1)   M   31,864 A $ 29.26 166,134 D  
Class B Common Stock 12/24/2014(1)   S   31,864 D $ 96.7529 (3) 134,270 D  
Class B Common Stock 12/23/2014   G V 550 D $ 0 999 I by ESPP
Class B Common Stock               557 I by Retirement Plan (4)

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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) $ 19.69 12/23/2014(1)   M     26,000   (5) 07/14/2016 Class B Common Stock 26,000 $ 0 46,000 D  
Non-Qualified Stock Option (right to buy) $ 21.9 12/23/2014(1)   M     66,000   (6) 07/15/2015 Class B Common Stock 66,000 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 29.1 12/24/2014(1)   M     42,854   (7) 07/18/2018 Class B Common Stock 42,854 $ 0 57,146 D  
Non-Qualified Stock Option (right to buy) $ 29.26 12/24/2014(1)   M     31,864   (8) 07/20/2017 Class B Common Stock 31,864 $ 0 34,136 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SPRUNK ERIC D
ONE BOWERMAN DRIVE
BEAVERTON, OR 97005		       Chief Operating Officer  

Signatures

 By: Evan S. Reynolds For: Eric D. Sprunk   12/24/2014
**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 transactions in 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.97 to $96.24, 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 footnotes (2) and (3) to this Form 4.
(3) The price reported in Column 4 is a weighted average price. These shares have been sold in multiple transactions at prices ranging from $96.385 to $97.27.
(4) Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.
(5) Option granted on 7/14/2006 and becomes 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 7/15/2005 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 07/18/2008 and becomes 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 7/20/2007 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.

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