Incorporating strong electron donor functionality into flexible coordination networks is intriguing for sorption applications due to a built-in mechanism for electron-withdrawing guests. Here we report a 2D flexible porous coordination network, [Ni2(4,4′-bipyridine)(VTTF)2]n(1) (where H2VTTF = 2,2′-[1,2-bis(4-benzoic acid)-1,2ethanediylidene]bis-1,3-benzodithiole), which exhibits large structural deformation from the as-synthesized or open phase (1α) into the closed phase (1β) after guest removal, as demonstrated by X-ray and electron diffraction. Interestingly, upon exposure to electron-withdrawing species, 1β reversibly undergoes guest accommodation transitions; 1α⊃O2 (90 K) and 1α⊃N2O (185 K). Moreover, the 1β phase showed exclusive O2 sorption over other gases (N2, Ar, and CO) at 120 K. The phase transformations between the 1α and 1β phases under these gases were carefully investigated by in-situ X-ray diffraction, in-situ spectroscopic studies, and DFT calculations, validating that the unusual sorption was attributed to the combination of flexible frameworks and VTTF (electron-donor) that induces strong interactions with electron-withdrawing species. Incorporating electron donor functionalities into porous coordination frameworks enables the strong binding of electron-withdrawing guests, but such binding typically occurs irreversibly. Here, a structurally dynamic 2D coordination network incorporating an electron donating group is found to selectively and reversibly bind oxygen and nitrous oxide, while also exhibiting large structural deformations after guest removal. [ABSTRACT FROM AUTHOR]