SEC FORM
4
SEC Form 4
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
|
| OMB APPROVAL |
| OMB Number: |
3235-0287 |
| Estimated average burden |
| hours per response: |
0.5 |
|
|
 |
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
NAUTILUS, INC.
[ NLS ]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
Director |
X |
10% Owner |
|
Officer (give title below) |
|
Other (specify below) |
|
|
3. Date of Earliest Transaction
(Month/Day/Year)
02/22/2008
|
4. If Amendment, Date of Original Filed
(Month/Day/Year)
|
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Form filed by One Reporting Person |
| X |
Form filed by More than One Reporting Person |
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|---|
| 1. Title of Security (Instr.
3)
|
2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
|
4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
|
5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
|
7. Nature of Indirect Beneficial Ownership (Instr.
4)
|
| Code |
V |
Amount |
(A) or (D) |
Price |
| Common Stock |
02/22/2008 |
|
P |
|
89,613 |
A |
|
7,975,239
|
I |
See footnote
|
| Common Stock |
02/25/2008 |
|
P |
|
100,837 |
A |
|
8,076,076
|
I |
See footnote
|
| Common Stock |
02/26/2008 |
|
P |
|
82,171 |
A |
|
8,158,247
|
I |
See footnote
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
|
|---|
| 1. Title of Derivative Security (Instr.
3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
|
5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
|
6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
|
8. Price of Derivative Security (Instr.
5)
|
9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
|
10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
|
11. Nature of Indirect Beneficial Ownership (Instr.
4)
|
| Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
1. Name and Address of Reporting Person*
(Street)
|
| Explanation of Responses: |
|
|
| Remarks: |
|
|
/s/ Craig L. McKibben, attorney in fact |
02/26/2008 |
|
** Signature of Reporting Person |
Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v). |
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
Exhibit 99.1
Form 4 Joint Filer Information
Names of the Reporting Persons: o Sherborne Investors LP, a Delaware limited
partnership and managing member of each of
the Funds (as defined below) ("Managing
Member");
o Sherborne Investors GP, LLC, a Delaware
limited liability company and general
partner of the Managing Member ("Sherborne
Investors GP");
o Sherborne Investors Management LP, a
Delaware limited partnership and
investment manager to the Funds
("Sherborne Management");
o Sherborne Investors Management GP, LLC, a
Delaware limited liability company and
general partner of Sherborne Management
("Sherborne Management GP");
o Sherborne Strategic Fund A, LLC, a
Delaware limited liability company
("Strategic Fund A");
o Sherborne Strategic Fund B, LLC, a
Delaware limited liability company
("Strategic Fund B");
o Nottingham Investors LLC, a Delaware
limited liability company ("Nottingham"
and, together with Strategic Fund A and
Strategic Fund B, the "Funds"); and
o Edward J. Bramson, the managing member of
Sherborne Investors GP and Sherborne
Management GP and a director of Nautilus,
Inc. ("Bramson").
Address for each of the 135 East 57th Street, New York, NY 10022
Reporting Persons:
Date of Earliest Transaction February 22, 2008
Required to be Reported:
Designated Filer for each of Sherborne Investors GP, LLC
the Reporting Persons:
Issuer & Ticker Symbol for each Nautilus, Inc.; NLS
of the Reporting Persons:
Title of Security for each of Common Stock, no par value (the "Shares")
the Reporting Persons:
Transaction Code for each of P
the Reporting Persons:
Securities Acquired(1): o Strategic Fund A directly acquired Shares
as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- -------------------- ------------------- ----------------- --------------------
2/22/2008 145.299 $ 4.020 674,129.753
2/22/2008 25.641 $ 4.040 674,155.394
2/22/2008 418.803 $ 4.050 674,574.197
2/22/2008 34.188 $ 4.053 674,608.385
2/22/2008 290.598 $ 4.060 674,898.983
2/22/2008 34.188 $ 4.070 674,933.171
2/22/2008 611.880 $ 4.090 675,545.051
2/22/2008 25.641 $ 4.092 675,570.692
2/22/2008 34.188 $ 4.095 675,604.880
2/22/2008 6,038.797 $ 4.100 681,643.677
2/25/2008 8.547 $ 4.100 681,652.224
2/25/2008 17.094 $ 4.110 681,669.318
2/25/2008 142.820 $ 4.120 681,812.138
2/25/2008 205.128 $ 4.130 682,017.266
2/25/2008 188.034 $ 4.150 682,205.300
2/25/2008 8.547 $ 4.180 682,213.847
2/25/2008 3,065.467 $ 4.200 685,279.315
2/25/2008 675.213 $ 4.210 685,954.528
2/25/2008 393.162 $ 4.220 686,347.690
2/25/2008 376.068 $ 4.230 686,723.758
2/25/2008 256.410 $ 4.240 686,980.168
2/25/2008 153.846 $ 4.250 687,134.014
2/25/2008 34.188 $ 4.255 687,168.202
2/25/2008 196.581 $ 4.260 687,364.783
2/25/2008 290.598 $ 4.270 687,655.381
2/25/2008 384.615 $ 4.280 688,039.996
2/25/2008 205.128 $ 4.290 688,245.124
2/25/2008 8.547 $ 4.295 688,253.671
2/25/2008 213.675 $ 4.300 688,467.346
2/25/2008 102.564 $ 4.310 688,569.910
2/25/2008 728.546 $ 4.320 689,298.456
2/25/2008 527.863 $ 4.330 689,826.319
2/25/2008 410.256 $ 4.340 690,236.575
2/25/2008 25.641 $ 4.350 690,262.216
2/26/2008 8.547 $ 4.240 690,270.763
2/26/2008 706.922 $ 4.250 690,977.685
2/26/2008 388.889 $ 4.260 691,366.573
2/26/2008 8.547 $ 4.265 691,375.120
2/26/2008 504.273 $ 4.270 691,879.393
2/26/2008 747.863 $ 4.280 692,627.256
2/26/2008 290.598 $ 4.290 692,917.854
2/26/2008 17.094 $ 4.295 692,934.948
2/26/2008 341.880 $ 4.300 693,276.828
2/26/2008 367.521 $ 4.310 693,644.349
2/26/2008 17.094 $ 4.320 693,661.443
2/26/2008 129.231 $ 4.330 693,790.674
2/26/2008 870.768 $ 4.340 694,661.442
2/26/2008 572.649 $ 4.350 695,234.091
2/26/2008 8.547 $ 4.355 695,242.638
2/26/2008 888.888 $ 4.360 696,131.526
2/26/2008 8.547 $ 4.363 696,140.073
2/26/2008 25.641 $ 4.365 696,165.714
2/26/2008 1,034.187 $ 4.370 697,199.901
2/26/2008 85.470 $ 4.380 697,285.371
o Strategic Fund B directly acquired Shares as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- -------------------- ------------------- ----------------- --------------------
2/22/2008 217.949 $ 4.020 1,011,194.630
2/22/2008 38.462 $ 4.040 1,011,233.091
2/22/2008 628.205 $ 4.050 1,011,861.296
2/22/2008 51.282 $ 4.053 1,011,912.578
2/22/2008 435.897 $ 4.060 1,012,348.475
2/22/2008 51.282 $ 4.070 1,012,399.757
2/22/2008 917.820 $ 4.090 1,013,317.576
2/22/2008 38.462 $ 4.092 1,013,356.038
2/22/2008 51.282 $ 4.095 1,013,407.320
2/22/2008 9,058.196 $ 4.100 1,022,465.516
2/25/2008 12.821 $ 4.100 1,022,478.336
2/25/2008 25.641 $ 4.110 1,022,503.977
2/25/2008 214.231 $ 4.120 1,022,718.208
2/25/2008 307.692 $ 4.130 1,023,025.900
2/25/2008 282.051 $ 4.150 1,023,307.951
2/25/2008 12.821 $ 4.180 1,023,320.772
2/25/2008 4,598.201 $ 4.200 1,027,918.973
2/25/2008 1,012.820 $ 4.210 1,028,931.792
2/25/2008 589.743 $ 4.220 1,029,521.535
2/25/2008 564.102 $ 4.230 1,030,085.637
2/25/2008 384.615 $ 4.240 1,030,470.252
2/25/2008 230.769 $ 4.250 1,030,701.021
2/25/2008 51.282 $ 4.255 1,030,752.303
2/25/2008 294.872 $ 4.260 1,031,047.175
2/25/2008 435.897 $ 4.270 1,031,483.072
2/25/2008 576.923 $ 4.280 1,032,059.994
2/25/2008 307.692 $ 4.290 1,032,367.686
2/25/2008 12.821 $ 4.295 1,032,380.507
2/25/2008 320.513 $ 4.300 1,032,701.019
2/25/2008 153.846 $ 4.310 1,032,854.865
2/25/2008 1,092.819 $ 4.320 1,033,947.684
2/25/2008 791.794 $ 4.330 1,034,739.479
2/25/2008 615.384 $ 4.340 1,035,354.863
2/25/2008 38.462 $ 4.350 1,035,393.324
2/26/2008 12.821 $ 4.240 1,035,406.145
2/26/2008 1,060.384 $ 4.250 1,036,466.528
2/26/2008 583.333 $ 4.260 1,037,049.861
2/26/2008 12.821 $ 4.265 1,037,062.681
2/26/2008 756.410 $ 4.270 1,037,819.091
2/26/2008 1,121.794 $ 4.280 1,038,940.885
2/26/2008 435.897 $ 4.290 1,039,376.782
2/26/2008 25.641 $ 4.295 1,039,402.423
2/26/2008 512.820 $ 4.300 1,039,915.243
2/26/2008 551.282 $ 4.310 1,040,466.524
2/26/2008 25.641 $ 4.320 1,040,492.165
2/26/2008 193.846 $ 4.330 1,040,686.011
2/26/2008 1,306.153 $ 4.340 1,041,992.164
2/26/2008 858.974 $ 4.350 1,042,851.137
2/26/2008 12.821 $ 4.355 1,042,863.958
2/26/2008 1,333.332 $ 4.360 1,044,197.290
2/26/2008 12.821 $ 4.363 1,044,210.110
2/26/2008 38.462 $ 4.365 1,044,248.572
2/26/2008 1,551.281 $ 4.370 1,045,799.852
2/26/2008 128.205 $ 4.380 1,045,928.057
o Nottingham directly acquired Shares as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- -------------------- ------------------- ----------------- --------------------
2/22/2008 1,336.753 $ 4.020 6,202,001.615
2/22/2008 235.898 $ 4.040 6,202,237.512
2/22/2008 3,852.993 $ 4.050 6,206,090.505
2/22/2008 314.530 $ 4.053 6,206,405.035
2/22/2008 2,673.505 $ 4.060 6,209,078.540
2/22/2008 314.530 $ 4.070 6,209,393.070
2/22/2008 5,629.301 $ 4.090 6,215,022.370
2/22/2008 235.898 $ 4.092 6,215,258.268
2/22/2008 314.530 $ 4.095 6,215,572.798
2/22/2008 55,557.007 $ 4.100 6,271,129.804
2/25/2008 78.633 $ 4.100 6,271,208.437
2/25/2008 157.265 $ 4.110 6,271,365.702
2/25/2008 1,313.949 $ 4.120 6,272,679.651
2/25/2008 1,887.180 $ 4.130 6,274,566.831
2/25/2008 1,729.915 $ 4.150 6,276,296.746
2/25/2008 78.633 $ 4.180 6,276,375.378
2/25/2008 28,202.332 $ 4.200 6,304,577.711
2/25/2008 6,211.968 $ 4.210 6,310,789.678
2/25/2008 3,617.095 $ 4.220 6,314,406.773
2/25/2008 3,459.830 $ 4.230 6,317,866.603
2/25/2008 2,358.975 $ 4.240 6,320,225.578
2/25/2008 1,415.385 $ 4.250 6,321,640.963
2/25/2008 314.530 $ 4.255 6,321,955.493
2/25/2008 1,808.548 $ 4.260 6,323,764.041
2/25/2008 2,673.505 $ 4.270 6,326,437.546
2/25/2008 3,538.463 $ 4.280 6,329,976.008
2/25/2008 1,887.180 $ 4.290 6,331,863.188
2/25/2008 78.633 $ 4.295 6,331,941.821
2/25/2008 1,965.813 $ 4.300 6,333,907.633
2/25/2008 943.590 $ 4.310 6,334,851.223
2/25/2008 6,702.634 $ 4.320 6,341,553.858
2/25/2008 4,856.343 $ 4.330 6,346,410.201
2/25/2008 3,774.360 $ 4.340 6,350,184.561
2/25/2008 235.898 $ 4.350 6,350,420.458
2/26/2008 78.633 $ 4.240 6,350,499.091
2/26/2008 6,503.694 $ 4.250 6,357,002.785
2/26/2008 3,577.779 $ 4.260 6,360,580.564
2/26/2008 78.633 $ 4.265 6,360,659.196
2/26/2008 4,639.318 $ 4.270 6,365,298.514
2/26/2008 6,880.344 $ 4.280 6,372,178.857
2/26/2008 2,673.505 $ 4.290 6,374,852.362
2/26/2008 157.265 $ 4.295 6,375,009.627
2/26/2008 3,145.300 $ 4.300 6,378,154.927
2/26/2008 3,381.198 $ 4.310 6,381,536.125
2/26/2008 157.265 $ 4.320 6,381,693.390
2/26/2008 1,188.923 $ 4.330 6,382,882.313
2/26/2008 8,011.079 $ 4.340 6,390,893.392
2/26/2008 5,268.378 $ 4.350 6,396,161.770
2/26/2008 78.633 $ 4.355 6,396,240.402
2/26/2008 8,177.780 $ 4.360 6,404,418.182
2/26/2008 78.633 $ 4.363 6,404,496.815
2/26/2008 235.898 $ 4.365 6,404,732.712
2/26/2008 9,514.533 $ 4.370 6,414,247.245
2/26/2008 786.325 $ 4.380 6,415,033.570
o Each of (i) the Managing Member, as the managing member of the Funds, (ii)
Sherborne Investors GP, as the general partner of the Managing Member and
(iii) Bramson, as the managing member of Sherborne Investors GP, indirectly
acquired the Shares that were directly acquired by the Funds as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- -------------------- ------------------- ----------------- --------------------
2/22/2008 1,700 $ 4.020 7,887,326.000
2/22/2008 300 $ 4.040 7,887,626.000
2/22/2008 4,900 $ 4.050 7,892,526.000
2/22/2008 400 $ 4.053 7,892,926.000
2/22/2008 3,400 $ 4.060 7,896,326.000
2/22/2008 400 $ 4.070 7,896,726.000
2/22/2008 7,159 $ 4.090 7,903,885.000
2/22/2008 300 $ 4.092 7,904,185.000
2/22/2008 400 $ 4.095 7,904,585.000
2/22/2008 70,654 $ 4.100 7,975,239.000
2/25/2008 100 $ 4.100 7,975,339.000
2/25/2008 200 $ 4.110 7,975,539.000
2/25/2008 1,671 $ 4.120 7,977,210.000
2/25/2008 2,400 $ 4.130 7,979,610.000
2/25/2008 2,200 $ 4.150 7,981,810.000
2/25/2008 100 $ 4.180 7,981,910.000
2/25/2008 35,866 $ 4.200 8,017,776.000
2/25/2008 7,900 $ 4.210 8,025,676.000
2/25/2008 4,600 $ 4.220 8,030,276.000
2/25/2008 4,400 $ 4.230 8,034,676.000
2/25/2008 3,000 $ 4.240 8,037,676.000
2/25/2008 1,800 $ 4.250 8,039,476.000
2/25/2008 400 $ 4.255 8,039,876.000
2/25/2008 2,300 $ 4.260 8,042,176.000
2/25/2008 3,400 $ 4.270 8,045,576.000
2/25/2008 4,500 $ 4.280 8,050,076.000
2/25/2008 2,400 $ 4.290 8,052,476.000
2/25/2008 100 $ 4.295 8,052,576.000
2/25/2008 2,500 $ 4.300 8,055,076.000
2/25/2008 1,200 $ 4.310 8,056,276.000
2/25/2008 8,524 $ 4.320 8,064,800.000
2/25/2008 6,176 $ 4.330 8,070,976.000
2/25/2008 4,800 $ 4.340 8,075,776.000
2/25/2008 300 $ 4.350 8,076,076.000
2/26/2008 100 $ 4.240 8,076,176.000
2/26/2008 8,271 $ 4.250 8,084,447.000
2/26/2008 4,550 $ 4.260 8,088,997.000
2/26/2008 100 $ 4.265 8,089,097.000
2/26/2008 5,900 $ 4.270 8,094,997.000
2/26/2008 8,750 $ 4.280 8,103,747.000
2/26/2008 3,400 $ 4.290 8,107,147.000
2/26/2008 200 $ 4.295 8,107,347.000
2/26/2008 4,000 $ 4.300 8,111,347.000
2/26/2008 4,300 $ 4.310 8,115,647.000
2/26/2008 200 $ 4.320 8,115,847.000
2/26/2008 1,512 $ 4.330 8,117,359.000
2/26/2008 10,188 $ 4.340 8,127,547.000
2/26/2008 6,700 $ 4.350 8,134,247.000
2/26/2008 100 $ 4.355 8,134,347.000
2/26/2008 10,400 $ 4.360 8,144,747.000
2/26/2008 100 $ 4.363 8,144,847.000
2/26/2008 300 $ 4.365 8,145,147.000
2/26/2008 12,100 $ 4.370 8,157,247.000
2/26/2008 1,000 $ 4.380 8,158,247.000
o Sherborne Management, as the investment manager to the Funds that only
receives an asset-based fee, beneficially owns 0 Shares.
o Sherborne Management GP, as the general partner of Sherborne Management,
beneficially owns 0 Shares.
- -----------------
(1) Each of the Reporting Persons disclaims beneficial ownership of these
securities except to the extent of the Reporting Person's pecuniary
interest therein, and the inclusion of these shares in this report shall
not be deemed an admission of beneficial ownership for purposes of Section
16 or for any other purpose.
Sherborne Investors /s/ Craig L. McKibben, attorney in fact February 26, 2008
LP --------------------------------------- ------------------
**Signature of Reporting Person Date
Sherborne Investors /s/ Craig L. McKibben, attorney in fact February 26, 2008
Management LP --------------------------------------- ------------------
**Signature of Reporting Person Date
Sherborne Investors /s/ Craig L. McKibben, attorney in fact February 26, 2008
Management GP, LLC --------------------------------------- ------------------
**Signature of Reporting Person Date
Sherborne Strategic /s/ Craig L. McKibben, attorney in fact February 26, 2008
Fund A, LLC --------------------------------------- ------------------
**Signature of Reporting Person Date
Sherborne Strategic /s/ Craig L. McKibben, attorney in fact February 26, 2008
Fund B, LLC --------------------------------------- ------------------
**Signature of Reporting Person Date
Nottingham Investors /s/ Craig L. McKibben, attorney in fact February 26, 2008
LLC --------------------------------------- ------------------
**Signature of Reporting Person Date
Edward J. Bramson /s/ Craig L. McKibben, attorney in fact February 26, 2008
--------------------------------------- ------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
