0001209191-11-032000.txt : 20110531 0001209191-11-032000.hdr.sgml : 20110530 20110531212333 ACCESSION NUMBER: 0001209191-11-032000 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110527 FILED AS OF DATE: 20110531 DATE AS OF CHANGE: 20110531 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: 11883317 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 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: 11883319 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: 11883313 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: 11883314 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: 11883316 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: 11883320 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 A, LLC CENTRAL INDEX KEY: 0001406674 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31321 FILM NUMBER: 11883315 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: 11883318 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 c18188_4x1.xml MAIN DOCUMENT DESCRIPTION X0303 4 2011-05-27 1 0001078207 NAUTILUS, INC. NLS 0001373507 Sherborne Investors GP, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406888 Sherborne Investors LP 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406672 Sherborne Investors Management LP 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406671 Sherborne Investors Management GP, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406674 Sherborne Strategic Fund A, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406670 Sherborne Strategic Fund B, LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001406669 Nottingham Investors LLC 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Former 10% stockholder 0001016268 BRAMSON EDWARD J 135 EAST 57TH STREET NEW YORK NY 10022 0 0 0 1 Fmr. dir., off. & 10% s/holder Common Stock 2011-05-27 4 J 0 9981449 0 D 0 I See footnote On May 27, 2011, Sherborne Strategic Fund A, LLC, Sherborne Strategic Fund B, LLC and Nottingham Investors LLC (together, the "Funds") made a pro rata distribution of all the shares of common stock they beneficially owned to their respective investors. As a result, the Funds no longer beneficially own any shares of common stock. 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 the dispositions 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. /s/ Craig L. McKibben, attorney-in-fact 2011-05-31 EX-99.1 2 c18188_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:   May 27, 2011
 
        
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:   J(1)
 
        
Securities Disposed of(2):
  •   Strategic Fund A directly disposed Shares as follows:
                 
                Amount of Securities
                Beneficially Owned
        Amount of Securities       Following Reported
    Transaction Date   Disposed of   Price   Transactions
    05/27/2011   853,192.203   0   0
  •  
Strategic Fund B directly disposed Shares as follows:
                 
                Amount of Securities
                Beneficially Owned
        Amount of Securities       Following Reported
    Transaction Date   Disposed of   Price   Transactions
    05/27/2011   1,279,633.727   0   0
  •  
Nottingham directly disposed Shares as follows:
                 
                Amount of Securities
                Beneficially Owned
        Amount of Securities       Following Reported
    Transaction Date   Disposed of   Price   Transactions
    05/27/2011   7,848,623.065   0   0

 

 

  •  
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 disposed of the Shares that were directly disposed of by the Funds as follows:
                 
                Amount of Securities
                Beneficially Owned
        Amount of Securities       Following Reported
    Transaction Date   Disposed of   Price   Transactions
    05/27/2011   9,981,449.000   0   0
  •  
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)  
On May 27, 2011, the Funds made a pro rata distribution of all the Shares they beneficially owned to their respective investors. As a result, the Funds no longer beneficially own any Shares.
 
(2)  
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
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Sherborne Investors Management LP   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Sherborne Investors Management GP, LLC   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Sherborne Strategic Fund A, LLC   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Sherborne Strategic Fund B, LLC   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Nottingham Investors LLC   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
Edward J. Bramson   /s/ Craig L. McKibben, attorney-in-fact
 
**Signature of Reporting Person 		  May 31, 2011
 
Date
   
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).