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
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| 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 ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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Director |
X |
10% Owner |
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Officer (give title below) |
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Other (specify below) |
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3. Date of Earliest Transaction
(Month/Day/Year)
05/22/2008
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4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Form filed by One Reporting Person |
| X |
Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|---|
| 1. Title of Security (Instr.
3)
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2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
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4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
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5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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7. Nature of Indirect Beneficial Ownership (Instr.
4)
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| Code |
V |
Amount |
(A) or (D) |
Price |
| Common Stock |
05/22/2008 |
|
P |
|
10,300 |
A |
|
8,448,726
|
I |
See Footnote
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| Common Stock |
05/23/2008 |
|
P |
|
24,200 |
A |
|
8,472,926
|
I |
See Footnote
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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)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
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5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
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8. Price of Derivative Security (Instr.
5)
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9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
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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)
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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 |
05/27/2008 |
|
** 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 and Chief
Executive Officer of Nautilus, Inc.
("Bramson").
Address for each of the 135 East 57th Street, New York, NY 10022
Reporting Persons:
Date of Earliest Transaction May 22, 2008
Required to be Reported:
Designated Filer for each of Sherborne Investors GP, LLC
the Reporting Persons:
Issuer & Ticker Symbol for Nautilus, Inc.; NLS
each 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
- --------------------- ---------------------- ---------- ---------------------
5/22/2008 8.547 $ 5.940 721,240.817
5/22/2008 17.094 $ 5.970 721,257.911
5/22/2008 51.282 $ 5.980 721,309.193
5/22/2008 8.547 $ 6.140 721,317.740
5/22/2008 17.094 $ 6.150 721,334.834
5/22/2008 42.735 $ 6.170 721,377.569
5/22/2008 188.034 $ 6.190 721,565.603
5/22/2008 68.376 $ 6.210 721,633.979
5/22/2008 8.547 $ 6.215 721,642.526
5/22/2008 59.829 $ 6.220 721,702.355
5/22/2008 51.282 $ 6.230 721,753.637
5/22/2008 145.299 $ 6.240 721,898.936
5/22/2008 213.674 $ 6.250 722,112.610
5/23/2008 8.547 $ 6.130 722,121.157
5/23/2008 25.641 $ 6.140 722,146.798
5/23/2008 25.641 $ 6.145 722,172.439
5/23/2008 170.940 $ 6.150 722,343.379
5/23/2008 111.111 $ 6.160 722,454.490
5/23/2008 8.547 $ 6.170 722,463.037
5/23/2008 17.094 $ 6.175 722,480.131
5/23/2008 59.829 $ 6.180 722,539.960
5/23/2008 8.547 $ 6.185 722,548.507
5/23/2008 25.641 $ 6.190 722,574.148
5/23/2008 8.547 $ 6.195 722,582.695
5/23/2008 162.393 $ 6.200 722,745.088
5/23/2008 205.128 $ 6.210 722,950.216
5/23/2008 341.880 $ 6.220 723,292.096
5/23/2008 324.786 $ 6.230 723,616.882
5/23/2008 34.188 $ 6.235 723,651.070
5/23/2008 529.914 $ 6.240 724,180.984
o Strategic Fund B directly acquired Shares as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- --------------------- ---------------------- ---------- ---------------------
5/22/2008 12.821 $ 5.940 1,081,861.226
5/22/2008 25.641 $ 5.970 1,081,886.867
5/22/2008 76.923 $ 5.980 1,081,963.790
5/22/2008 12.821 $ 6.140 1,081,976.610
5/22/2008 25.641 $ 6.150 1,082,002.251
5/22/2008 64.103 $ 6.170 1,082,066.354
5/22/2008 282.051 $ 6.190 1,082,348.405
5/22/2008 102.564 $ 6.210 1,082,450.969
5/22/2008 12.821 $ 6.215 1,082,463.789
5/22/2008 89.744 $ 6.220 1,082,553.533
5/22/2008 76.923 $ 6.230 1,082,630.456
5/22/2008 217.949 $ 6.240 1,082,848.404
5/22/2008 320.513 $ 6.250 1,083,168.917
5/23/2008 12.821 $ 6.130 1,083,181.737
5/23/2008 38.462 $ 6.140 1,083,220.199
5/23/2008 38.462 $ 6.145 1,083,258.660
5/23/2008 256.410 $ 6.150 1,083,515.070
5/23/2008 166.667 $ 6.160 1,083,681.737
5/23/2008 12.821 $ 6.170 1,083,694.557
5/23/2008 25.641 $ 6.175 1,083,720.198
5/23/2008 89.744 $ 6.180 1,083,809.942
5/23/2008 12.821 $ 6.185 1,083,822.762
5/23/2008 38.462 $ 6.190 1,083,861.224
5/23/2008 12.821 $ 6.195 1,083,874.044
5/23/2008 243.590 $ 6.200 1,084,117.634
5/23/2008 307.692 $ 6.210 1,084,425.326
5/23/2008 512.820 $ 6.220 1,084,938.146
5/23/2008 487.179 $ 6.230 1,085,425.325
5/23/2008 51.282 $ 6.235 1,085,476.607
5/23/2008 794.871 $ 6.240 1,086,271.478
o Nottingham directly acquired Shares as follows:
Amount of Securities
Beneficially Owned
Amount of Securities Following Reported
Transaction Date Acquired Price Transactions
- --------------------- ---------------------- ---------- ---------------------
5/22/2008 78.633 $ 5.940 6,635,423.953
5/22/2008 157.265 $ 5.970 6,635,581.218
5/22/2008 471.795 $ 5.980 6,636,053.013
5/22/2008 78.633 $ 6.140 6,636,131.645
5/22/2008 157.265 $ 6.150 6,636,288.910
5/22/2008 393.163 $ 6.170 6,636,682.073
5/22/2008 1,729.915 $ 6.190 6,638,411.988
5/22/2008 629.060 $ 6.210 6,639,041.048
5/22/2008 78.633 $ 6.215 6,639,119.680
5/22/2008 550.428 $ 6.220 6,639,670.108
5/22/2008 471.795 $ 6.230 6,640,141.903
5/22/2008 1,336.753 $ 6.240 6,641,478.655
5/22/2008 1,965.813 $ 6.250 6,643,444.468
5/23/2008 78.633 $ 6.130 6,643,523.100
5/23/2008 235.898 $ 6.140 6,643,758.998
5/23/2008 235.898 $ 6.145 6,643,994.895
5/23/2008 1,572.650 $ 6.150 6,645,567.545
5/23/2008 1,022.223 $ 6.160 6,646,589.768
5/23/2008 78.633 $ 6.170 6,646,668.400
5/23/2008 157.265 $ 6.175 6,646,825.665
5/23/2008 550.428 $ 6.180 6,647,376.093
5/23/2008 78.633 $ 6.185 6,647,454.725
5/23/2008 235.898 $ 6.190 6,647,690.623
5/23/2008 78.633 $ 6.195 6,647,769.255
5/23/2008 1,494.018 $ 6.200 6,649,263.273
5/23/2008 1,887.180 $ 6.210 6,651,150.453
5/23/2008 3,145.300 $ 6.220 6,654,295.753
5/23/2008 2,988.035 $ 6.230 6,657,283.788
5/23/2008 314.530 $ 6.235 6,657,598.318
5/23/2008 4,875.215 $ 6.240 6,662,473.533
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
- --------------------- ---------------------- ---------- ---------------------
5/22/2008 100 $ 5.940 8,438,526.000
5/22/2008 200 $ 5.970 8,438,726.000
5/22/2008 600 $ 5.980 8,439,326.000
5/22/2008 100 $ 6.140 8,439,426.000
5/22/2008 200 $ 6.150 8,439,626.000
5/22/2008 500 $ 6.170 8,440,126.000
5/22/2008 2,200 $ 6.190 8,442,326.000
5/22/2008 800 $ 6.210 8,443,126.000
5/22/2008 100 $ 6.215 8,443,226.000
5/22/2008 700 $ 6.220 8,443,926.000
5/22/2008 600 $ 6.230 8,444,526.000
5/22/2008 1,700 $ 6.240 8,446,226.000
5/22/2008 2,500 $ 6.250 8,448,726.000
5/23/2008 100 $ 6.130 8,448,826.000
5/23/2008 300 $ 6.140 8,449,126.000
5/23/2008 300 $ 6.145 8,449,426.000
5/23/2008 2,000 $ 6.150 8,451,426.000
5/23/2008 1,300 $ 6.160 8,452,726.000
5/23/2008 100 $ 6.170 8,452,826.000
5/23/2008 200 $ 6.175 8,453,026.000
5/23/2008 700 $ 6.180 8,453,726.000
5/23/2008 100 $ 6.185 8,453,826.000
5/23/2008 300 $ 6.190 8,454,126.000
5/23/2008 100 $ 6.195 8,454,226.000
5/23/2008 1,900 $ 6.200 8,456,126.000
5/23/2008 2,400 $ 6.210 8,458,526.000
5/23/2008 4,000 $ 6.220 8,462,526.000
5/23/2008 3,800 $ 6.230 8,466,326.000
5/23/2008 400 $ 6.235 8,466,726.000
5/23/2008 6,200 $ 6.240 8,472,926.000
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 LP /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
--------------------------------------- ---------------
**Signature of Reporting Person Date
Sherborne Investors /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
Management LP --------------------------------------- ---------------
**Signature of Reporting Person Date
Sherborne Investors /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
Management GP, LLC --------------------------------------- ---------------
**Signature of Reporting Person Date
Sherborne Strategic /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
Fund A, LLC --------------------------------------- ---------------
**Signature of Reporting Person Date
Sherborne Strategic /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
Fund B, LLC --------------------------------------- --------------
**Signature of Reporting Person Date
Nottingham Investors /s/ Craig L. McKibben, attorney-in-fact May 27, 2008
LLC --------------------------------------- --------------
**Signature of Reporting Person Date
Edward J. Bramson /s/ Craig L. McKibben, attorney-in-fact May 27, 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).
