-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Oh4KMnu4ieXpV2rwx9AdaOYVSNECM9zd2f56P+ELNoP13HEqCjO27HFq651mMjqw /0eM+QyaOmjbmMIq68igOw== 0000894579-06-000214.txt : 20060510 0000894579-06-000214.hdr.sgml : 20060510 20060510172849 ACCESSION NUMBER: 0000894579-06-000214 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060510 DATE AS OF CHANGE: 20060510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAUTILUS, INC. CENTRAL INDEX KEY: 0001078207 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 943002667 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-57867 FILM NUMBER: 06827552 BUSINESS ADDRESS: STREET 1: 16400 SE NAUTILUS DRIVE CITY: VANCOUVER STATE: WA ZIP: 98683 BUSINESS PHONE: 3606947722 MAIL ADDRESS: STREET 1: 16400 SE NAUTILUS DRIVE CITY: VANCOUVER STATE: WA ZIP: 98683 FORMER COMPANY: FORMER CONFORMED NAME: NAUTILUS GROUP INC DATE OF NAME CHANGE: 20020523 FORMER COMPANY: FORMER CONFORMED NAME: DIRECT FOCUS INC DATE OF NAME CHANGE: 19990202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TIMON PHILIP C CENTRAL INDEX KEY: 0001080175 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 920 EAST BALTMORE PIKE CITY: KENNETT SQUARE STATE: PA ZIP: 19348 BUSINESS PHONE: 302-472-8000 MAIL ADDRESS: STREET 1: 1105 NORTH MARKET STREET STREET 2: 15TH FLOOR CITY: WILMINGTON STATE: DE ZIP: 19801 SC 13G 1 ec33917913g.txt SCHEDULE 13G - NAUTILUS, INC. - ------------------------------- ------------------------------- CUSIP No. 63910B102 Page 1 of 6 pages - ------------------------------- ------------------------------- OMB APPROVAL OMB Number: 3235-0145 Expires: February 28, 2006 Estimated average burden hours per response. . . 15 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Nautilus, Inc. ---------------- (Name of Issuer) Common Stock -------------------------- (Title of Class of Securities) 63910B102 --------- (CUSIP Number) May 9, 2006 ------------ (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. THIS SCHEDULE 13G REPLACES THE SCHEDULE 13D/A FILED ON MAY 10, 2006 BY PHILIP TIMON ("THE 13D"). THIS SCHEDULE 13G IS BEING FILED TO REPLACE THE 13D BECAUSE PHILIP TIMON NO LONGER INTENDS TO CHANGE OR INFLUENCE CONTROL OF NAUTILUS, INC. ("THE ISSUER") AND THEREFORE MAY FILE A 13G WITH RESPECT TO HIS OWNERSHIP OF STOCK OF THE ISSUER UNDER RULE 13D-1(C) OF THE ACT.
- ------------------------------- ------------------------------- CUSIP No. 63910B102 Page 2 of 6 pages - ------------------------------- ------------------------------- --------- ------------------------------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PHILIP TIMON --------- ------------------------------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP Not Applicable 2 --------- ------------------------------------------------------------------------------------------------------ SEC USE ONLY 3 --------- ------------------------------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 UNITED STATES OF AMERICA ----------------------- --------- ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 2,185,829* SHARES --------- ------------------------------------------------------------------------------ BENEFICIALLY OWNED SHARED VOTING POWER BY EACH 6 REPORTING PERSON 0 WITH --------- ------------------------------------------------------------------------------ SOLE DISPOSITIVE POWER 7 2,185,829* --------- ------------------------------------------------------------------------------ SHARED DISPOSITIVE POWER 8 0 ----------- ---------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ----------- ---------------------------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ----------- ---------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.66% ----------- ---------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ----------- ----------------------------------------------------------------------------------------------------
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* Endowment Capital, L.P., and Long Drive, L.P., each a Delaware limited partnership (collectively, the "Limited Partnerships"), own in the aggregate 2,185,829 shares of the common stock, no par value per share (the "Shares") of Nautilus, Inc., a Washington corporation (the "Company"). Endowment Capital Group, LLC, a Delaware limited liability company, is the sole general partner of each of the Limited Partnerships. Mr. Philip Timon is the sole managing member of Endowment Capital Group, LLC. As a result, Mr. Timon possesses the sole power to vote and the sole power to direct the disposition of the Shares held by the Limited Partnerships. Thus, as of May 9, 2006, for the purposes of Reg. Section 240.13d-3, Mr. Timon is deemed to beneficially own 2,185,829 Shares, or approximately 6.66% of the Shares deemed issued and outstanding as of that date. Mr. Timon's interest in the Shares is limited to his pecuniary interest, if any, in the Limited Partnerships. ITEM 1. Security and Issuer (a). Name of Issuer: NAUTILUS, INC. (b). Address of Issuer's Principal Executive Offices: 1400 NE 136th Avenue Vancouver, Washington 98684 ITEM 2. (a) Name of Person Filing: Mr. Philip Timon. (b) Address of Principal Business Office: c/o Endowment Capital Group, LLC, 1105 N. Market Street, 15th Floor, Wilmington, DE 19801. (c) Citizenship: United States. (d). Title of Class of Securities: Common Stock (e). CUSIP Number: 63910B102 ITEM 3. If this Statement is Filed Pursuant to Rules 13d-1(b) or 13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable
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ITEM 4. Ownership. (a). Amount beneficially owned (as of May 9, 2006) 2,185,829* (b). Percentage of class (as of May 9, 2006): 6.66%* (c). Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 2,185,829* (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,185,829* (iv) Shared power to dispose or to direct the disposition of:0 * Endowment Capital, L.P. and Long Drive, L.P., each a Delaware limited partnership (collectively, the "Limited Partnerships") own in the aggregate 2,185,829 shares of the common stock (the "Shares") of Nautilus, Inc., a Washington corporation (the "Company"). Endowment Capital Group, LLC ("Endowment Capital") a Delaware limited liability company, is the sole general partner of each of the Limited Partnerships. Mr. Philip Timon is the sole managing member of Endowment Capital. As a result, Mr. Timon possesses the sole power to vote and the sole power to direct the disposition of the Shares held by the Limited Partnerships. Thus, as of May 9, 2006, for the purposes of Reg. Section 240.13d-3, Mr. Timon is deemed to beneficially own 2,185,829 Shares, or approximately 6.66% of the Shares deemed issued and outstanding as of that date. Mr. Timon's interest in the Shares is limited to his pecuniary interest, if any, in the Limited Partnerships. ITEM 5. Ownership of Five Percent or Less of a Class: [ ] ITEM 6. Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. ITEM 7. Identification and Classification of Subsidiaries which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable.
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ITEM 8. Identification and Classification of Members of the Group: Not Applicable ITEM 9. Notice of Dissolution of Group: Not Applicable. ITEM 10. Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. PHILIP TIMON Date: May 10, 2006 By /S/ Philip Timon, in his capacity as sole managing member of Endowment Capital Group, LLC, the sole general partner of each of Endowment Capital, L.P. and Long Drive, L.P. -----END PRIVACY-ENHANCED MESSAGE-----