-----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, Prz4NV+LYp8zbtEYv3gUYBcEgtUyj0jFBqBu236ntcgFAGwnQSVssE+SBg5QjGZd EEKLjS6+TIwDAKK2GlJlHg== 0001209191-08-062584.txt : 20081124 0001209191-08-062584.hdr.sgml : 20081124 20081124205109 ACCESSION NUMBER: 0001209191-08-062584 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081120 FILED AS OF DATE: 20081124 DATE AS OF CHANGE: 20081124 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BRAMSON EDWARD J CENTRAL INDEX KEY: 0001016268 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211853 BUSINESS ADDRESS: BUSINESS PHONE: 2129356144 MAIL ADDRESS: STREET 1: C/O BATTLE FOWLER LLP STREET 2: 135 EAST 57TH STREET 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: 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 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Strategic Fund A, LLC CENTRAL INDEX KEY: 0001406674 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211856 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Investors LP CENTRAL INDEX KEY: 0001406888 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211859 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Investors GP, LLC CENTRAL INDEX KEY: 0001373507 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211860 BUSINESS ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nottingham Investors LLC CENTRAL INDEX KEY: 0001406669 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211854 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Strategic Fund B, LLC CENTRAL INDEX KEY: 0001406670 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211855 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Investors Management GP, LLC CENTRAL INDEX KEY: 0001406671 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211857 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sherborne Investors Management LP CENTRAL INDEX KEY: 0001406672 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 081211858 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 c77727_4x1.xml MAIN DOCUMENT DESCRIPTION X0303 4 2008-11-20 0001078207 NAUTILUS, INC. NLS 0001373507 Sherborne Investors GP, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406888 Sherborne Investors LP 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406672 Sherborne Investors Management LP 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406671 Sherborne Investors Management GP, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406674 Sherborne Strategic Fund A, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406670 Sherborne Strategic Fund B, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001406669 Nottingham Investors LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 1 0 0001016268 BRAMSON EDWARD J 135 EAST 57TH STREET NEW YORK NY 10022 1 1 1 0 CEO Common Stock 2008-11-20 4 P 0 16432 1.929 A 9651022 I See footnote Common Stock 2008-11-21 4 P 0 83800 2.008 A 9734822 I See footnote Common Stock 2008-11-24 4 P 0 96065 2.559 A 9830887 I See footnote This transaction was executed in multiple trades at prices ranging from $1.820 to $2.000. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price. See Joint Filer Information on Exhibit 99.1 for information with respect to the nature of Sherborne Investors GP, LLC's indirect ownership, details of its purchases and the persons jointly filing this report. The Reporting Person 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. This transaction was executed in multiple trades at prices ranging from $1.910 to $2.050. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price. This transaction was executed in multiple trades at prices ranging from $2.270 to $2.620. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price. /s/ Craig L. McKibben, attorney-in-fact 2008-11-24 EX-99 2 c77727_99x1.htm ADDITIONAL EXHIBITS
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   135 East 57th Street, New York, NY 10022
Reporting Persons:
        
 
        
Date of Earliest Transaction   November 20, 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):
  •   Strategic Fund A directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
11/20/2008
   1,404.443   $1.929(2)   824,872.849
11/21/2008
   7,162.386   $2.008(3)   832,035.235
11/24/2008
   8,210.676   $2.559(4)   840,245.911
         
 
  •   Strategic Fund B directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
11/20/2008
   2,106.665   $1.929(2)   1,237,309.276
11/21/2008
   10,743.579   $2.008(3)   1,248,052.855
11/24/2008
   12,316.013   $2.559(4)   1,260,368.868

 

 

         
 
  •   Nottingham directly acquired Shares as follows:
             
            Amount of Securities
            Beneficially Owned
    Amount of Securities       Following Reported
Transaction Date   Acquired   Price   Transactions
11/20/2008
   12,920.892   $1.929(2)   7,588,839.870
11/21/2008
   65,894.035   $2.008(3)   7,654,733.905
11/24/2008
   75,538.311   $2.559(4)   7,730,272.216
         
 
  •   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
11/20/2008
   16,432   $1.929(2)   9,651,022.000
11/21/2008
   83,800   $2.008(3)   9,734,822.000
11/24/2008
   96,065   $2.559(4)   9,830,887.000

 

 

         
 
  •   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 $1.820 to $2.000. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price.
 
(3)   This transaction was executed in multiple trades at prices ranging from $1.910 to $2.050. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price.
 
(4)   This transaction was executed in multiple trades at prices ranging from $2.270 to $2.620. 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, Nautilus, Inc. or a shareholder of Nautilus, Inc. full information regarding the number of shares purchased at each separate price.

 

 

         
Sherborne Investors LP
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Investors Management LP
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Investors Management GP, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Strategic Fund A, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Sherborne Strategic Fund B, LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Nottingham Investors LLC
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 2008
 
       
 
  **Signature of Reporting Person   Date
 
        
Edward J. Bramson
  /s/ Craig L. McKibben, attorney-in-fact   November 24, 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).

 

 

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