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 *
KNIGHT PHILIP H
  2. Issuer Name and Ticker or Trading Symbol
NIKE INC [NKE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
ONE BOWERMAN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
10/03/2007
(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 10/03/2007(1)   S(2)   10,100 D $ 59.38 4,316,442 D  
Class B Common Stock 10/03/2007   S(2)   6,000 D $ 59.11 4,310,442 D  
Class B Common Stock 10/03/2007   S(2)   2,200 D $ 59.1 4,308,242 D  
Class B Common Stock 10/03/2007   S(2)   2,700 D $ 59.12 4,305,542 D  
Class B Common Stock 10/03/2007   S(2)   4,400 D $ 59.13 4,301,142 D  
Class B Common Stock 10/03/2007   S(2)   2,100 D $ 59.14 4,299,042 D  
Class B Common Stock 10/03/2007   S(2)   3,200 D $ 59.09 4,295,842 D  
Class B Common Stock 10/03/2007   S(2)   700 D $ 59.08 4,295,142 D  
Class B Common Stock 10/03/2007   S(2)   9,700 D $ 59.32 4,285,442 D  
Class B Common Stock 10/03/2007   S(2)   3,100 D $ 59.31 4,282,342 D  
Class B Common Stock 10/03/2007   S(2)   2,500 D $ 59.28 4,279,842 D  
Class B Common Stock 10/03/2007   S(2)   2,400 D $ 59.26 4,277,442 D  
Class B Common Stock 10/03/2007   S(2)   1,700 D $ 59.29 4,275,742 D  
Class B Common Stock 10/03/2007   S(2)   18,000 D $ 59.3 4,257,742 D  
Class B Common Stock 10/03/2007   S(2)   2,100 D $ 59.25 4,255,642 D  
Class B Common Stock 10/03/2007   S(2)   4,400 D $ 59.15 4,251,242 D  
Class B Common Stock 10/03/2007   S(2)   26,900 D $ 59.22 4,224,342 D  
Class B Common Stock 10/03/2007   S(2)   8,000 D $ 59.21 4,216,342 D  
Class B Common Stock 10/03/2007   S(2)   6,000 D $ 59.23 4,210,342 D  
Class B Common Stock 10/03/2007   S(2)   5,700 D $ 59.24 4,204,642 D  
Class B Common Stock 10/03/2007   S(2)   11,000 D $ 59.2 4,193,642 D  
Class B Common Stock 10/03/2007   S(2)   19,300 D $ 59.19 4,174,342 D  
Class B Common Stock 10/03/2007   S(2)   13,700 D $ 59.18 4,160,642 D  
Class B Common Stock 10/03/2007   S(2)   5,900 D $ 59.17 4,154,742 D  
Class B Common Stock 10/03/2007   S(2)   4,100 D $ 59.16 4,150,642 D  
Class B Common Stock 10/03/2007   S(2)   2,400 D $ 59.64 4,148,242 D  
Class B Common Stock 10/03/2007   S(2)   800 D $ 59.37 4,147,442 D  
Class B Common Stock 10/03/2007   S(2)   2,000 D $ 58.81 4,145,442 D  
Class B Common Stock 10/03/2007   S(2)   100 D $ 59.06 4,145,342 D  
Class B Common Stock 10/03/2007   S(2)   2,000 D $ 59 4,143,342 (3) D  

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KNIGHT PHILIP H
ONE BOWERMAN DRIVE
BEAVERTON, OR 97005
  X   X    

Signatures

 By: John F. Coburn III For: Philip H. Knight   10/04/2007
**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) Transaction pursuant to a Rule 10b5-1 Plan.
(3) This Form 4 contains thirty of the ninety-three transactions that were executed on October 3, 2007. Two additional forms, each containing thirty of the ninety-three transactions that were executed on October 3, 2007, were filed immediately prior to this Form 4. One additional form containing three transactions was filed immediately following this Form 4.

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