SEC Form 4 · accession 0000320187-17-000025
NIKE, Inc. · NKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Sprunk
Officer — CHIEF OPERATING OFFICER
Period of report
Mar 24, 2017
Accepted (ET)
Mar 27, 2017 · 5:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | Mar 24, 2017 | M | 50,000 | $17.24 | A | 300,108 | D | |
| Class B Common StockF1,F2 | Mar 24, 2017 | S | 50,000 | $55.6738 | D | 250,108 | D | |
| Class B Common StockF3 | holding | — | — | — | 2,370 | I | by ESPP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1,F4 | $17.24 | Mar 24, 2017 | M | 50,000 | D | — | Jul 16, 2020 | Class B Common Stock | 50,000 | 126,040 | D |
Explanation of responses
- F1Exercise and sale was pursuant to an approved 10b5-1 trading plan. Pursuant to Company policy, market transactions in Company stock by officers and directors are permitted only after the second full trading day after the public 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.14 to $55.89, 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 footnote (2) to this Form 4.
- F3Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.
- F4Stock Option granted on 07/16/2010 and became exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.