This excerpt taken from the NKE 10-K filed Jul 27, 2009.
Securities Law Information. The Optionee should be aware of the Dutch insider-trading rules, which may impact the sale of shares acquired at exercise of the Option. In particular, the Optionee may be prohibited from effectuating certain transactions if the Optionee has inside information about the Company.
By accepting the grant of the Option and participating in the Plan, the Optionee acknowledges having read and understood this Securities Law Information and further acknowledges that it is the Optionees responsibility to comply with the following Dutch insider trading rules.
Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has insider information related to an issuing company is prohibited from effectuating a transaction in securities in or from the Netherlands. Inside information is defined as knowledge of details concerning the issuing company to which the securities relate that is not public and which, if published, would reasonably be expected to affect the stock price, regardless of the development of the price. The insider could be any employee of the Company or a subsidiary in the Netherlands who has inside information as described herein.
Given the broad scope of the definition of inside information, a Optionee working at a subsidiary or affiliate in the Netherlands may have inside information and, thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when the Optionee had such inside information.
If the Optionee is uncertain whether the insider-trading rules apply to him or her, he or she should consult his or her personal legal advisor.