EX-99 2 c77126_99x1.htm ADDITIONAL EXHIBITS Exhibit 99.1
Exhibit 99.1
 
Form 4 Joint Filer Information
 
     
Names of the Reporting Persons:
 
•     Sherborne Investors LP, a Delaware limited partnership and managing member of each of the Funds (as defined below) (“Managing Member”);
 
    
 
 
•     Sherborne Investors GP, LLC, a Delaware limited liability company and general partner of the Managing Member (“Sherborne Investors GP”);
 
    
 
 
•     Sherborne Investors Management LP, a Delaware limited partnership and investment manager to the Funds (“Sherborne Management”);
 
    
 
 
•     Sherborne Investors Management GP, LLC, a Delaware limited liability company and general partner of Sherborne Management (“Sherborne Management GP”);
 
    
 
 
•     Sherborne Strategic Fund A, LLC, a Delaware limited liability company (“Strategic Fund A”);
 
    
 
 
•     Sherborne Strategic Fund B, LLC, a Delaware limited liability company (“Strategic Fund B”);
 
    
 
 
•     Nottingham Investors LLC, a Delaware limited liability company (“Nottingham” and, together with Strategic Fund A and Strategic Fund B, the “Funds”); and
 
    
 
 
•     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 Reporting Persons:
  135 East 57th Street, New York, NY 10022
 
    
Date of Earliest Transaction Required to be Reported:
  November 7, 2008
 
    
Designated Filer for each of the Reporting Persons:
  Sherborne Investors GP, LLC

 

 

 

 

 

     
Issuer & Ticker Symbol for each of the Reporting Persons:
  Nautilus, Inc.; NLS
 
    
Title of Security for each of the Reporting Persons:
  Common Stock, no par value (the “Shares”)
 
    
Transaction Code for each of the Reporting Persons:
  P
 
    
Securities Acquired(1):
 
•     Strategic Fund A directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
             
11/7/2008   7,459.394   $2.322(2)   731,640.378
             
11/10/2008   13,858.619   $2.327(3)   745,498.997
             
11/11/2008   22,102.542   $2.282(4)   767,601.539
             
11/12/2008   26,209.034   $2.144(5)   793,810.572
     
 
 
•    Strategic Fund B directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
             
11/7/2008   11,189.091   $2.322(2)   1,097,460.569
             
11/10/2008   20,787.928   $2.327(3)   1,118,248.497
             
11/11/2008   33,153.813   $2.282(4)   1,151,402.310
             
11/12/2008   39,313.550   $2.144(5)   1,190,715.861

 

 

 

 

 

     
 
 
•    Nottingham directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
             
11/7/2008   68,626.514   $2.322(2)   6,731,100.047
             
11/10/2008   127,499.453   $2.327(3)   6,858,599.501
             
11/11/2008   203,343.645   $2.282(4)   7,061,943.146
             
11/12/2008   241,123.416   $2.144(5)   7,303,066.562
     
 
 
•     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
             
11/7/2008   87,275   $2.322(2)   8,560,201.000
             
11/10/2008   162,146   $2.327(3)   8,722,347.000
             
11/11/2008   258,600   $2.282(4)   8,980,947.000
             
11/12/2008   306,646   $2.144(5)   9,287,593.000
     
 
 
•     Sherborne Management, as the investment manager to the Funds that only receives an asset-based fee, beneficially owns 0 Shares.
 
    
 
 
•     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.
 
(2)   This transaction was executed in multiple trades at prices ranging from $2.240 to $2.350. The reported price reflects the weighted average purchase price. The persons jointly filing this report hereby undertake to provide upon request by the Securities and Exchange Commission (“SEC”) staff, the Issuer or a shareholder of the Issuer full information regarding the number of Shares purchased at each separate price.
 
(3)   This transaction was executed in multiple trades at prices ranging from $2.260 to $2.460. The reported price reflects the weighted average purchase price. The persons jointly filing this report hereby undertake to provide upon request by the SEC staff, the Issuer or a shareholder of the Issuer full information regarding the number of Shares purchased at each separate price.
 
(4)   This transaction was executed in multiple trades at prices ranging from $2.225 to $2.350. The reported price reflects the weighted average purchase price. The persons jointly filing this report hereby undertake to provide upon request by the SEC staff, the Issuer or a shareholder of the Issuer full information regarding the number of Shares purchased at each separate price.
(5)   This transaction was executed in multiple trades at prices ranging from $2.000 to $2.300. The reported price reflects the weighted average purchase price. The persons jointly filing this report hereby undertake to provide upon request by the SEC staff, the Issuer or a shareholder of the Issuer full information regarding the number of Shares purchased at each separate price.

 

 

 

 

 

         
Sherborne Investors LP
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Investors Management LP
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Investors Management GP, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Strategic Fund A, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Strategic Fund B, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Nottingham Investors LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 12, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Edward J. Bramson
  /s/ Edward J. Bramson   November 12, 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).