SEC Form 4 · accession 0000320187-17-000116
NIKE, Inc. · NKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Trevor A Edwards
Officer — President, NIKE Brand
Period of report
Jul 20, 2017
Accepted (ET)
Jul 24, 2017 · 7:22 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 Stock | Jul 20, 2017 | F | 109,478 | $59.10 | D | 411,640 | D | |
| Class B Common StockF2 | Jul 20, 2017 | A | 20,305 | $0.00 | A | 431,945 | D | |
| Class B Common StockF3 | Jul 20, 2017 | A | 101,523 | $0.00 | A | 533,468 | D | |
| Class B Common StockF4 | holding | — | — | — | 9,897 | I | by ESPP | |
| Class B Common StockF5 | holding | — | — | — | 18,668 | I | by Retirement Plan |
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)F6 | $59.10 | Jul 20, 2017 | A | 100,000 | A | — | Jul 20, 2027 | Class B Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Shares withheld by the Company to satisfy tax withholding obligations upon vesting of restricted shares; not an open market transaction.
- F2Restricted shares granted under the NIKE, Inc. Stock Incentive Plan. The restrictions lapse with respect to one-third of the shares on each of the first three anniversaries of the grant date; and upon any termination of employment, any shares as to which the restrictions have not expired shall be forfeited to NIKE for cancellation and become authorized but un-issued shares.
- F3Restricted Stock Unit ("RSU") granted under the NIKE, Inc. Stock Incentive Plan. All of the RSUs shall vest 100% with respect to the total number of RSUs on the third anniversary of the Grant Date; and upon any termination of employment, any units that have not vested shall be forfeited to the Corporation.
- F4Shares held in account under NIKE, Inc. Employee Stock Purchase Plan.
- F5Shares held in account under the NIKE, Inc. 401(k) and Profit Sharing Plan.
- F6Stock Option granted on 07/20/2017 and becomes exercisable with respect to 25% of the shares on each of the first four anniversaries of the date of the grant.