UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Knight, Philip H.
One Bowerman Drive
Beaverton, OR 97005-6453
2. Issuer Name and Ticker or Trading Symbol
NIKE, Inc.
nke
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
May 31, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board and Chief Executive Officer
7. Individual or Joint/Group Reporting (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock |5/15/9|J(1)|1,000,000 |D |$0 |90,269,552(2) |D | |
|7 | | | | | | | |
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Class A Common Stock | | | | | |14,148(2) |I |(3)(4))(6) |
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Class A Common Stock | | | | | |65,224(2) |I |(3)(5)(6) |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Shares transferred to the Knight Foundation, a non-profit charitable
foundation of which the reporting person is a director. The reporting person
disclaims beneficial ownership of such
shares.
(2) On 10/23/96, the Common Stock of NIKE, Inc. split 2-for-1; resulting in
the beneficial ownership of twice as many shares of common stock as
previously reported.
(3) Class A Common stock is convertible on a share for share basis to Class B
Common Stock.
(4) Wife's interest in shares held by a limited partnership in which a
corporation owned by wife is a co-general partner.
(5) Shares held by a corporation owned by
wife.
(6) The reporting person disclaims beneficial ownership of these securities and
this report shall not be deemed an admission that the reporting person
is the beneficial owner of such securities for purposes of Section 16 or any
other purpose.
SIGNATURE OF REPORTING PERSON
/s/ Philip H. Knight
DATE
Ju;y 15, 1997
