Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sherborne Investors GP, LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
07/18/2007		 3. Issuer Name and Ticker or Trading Symbol
NAUTILUS, INC. [NLS]
(Last)
(First)
(Middle)
135 EAST 57TH STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,872,712 (1) (2)
I
See footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sherborne Investors GP, LLC
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Sherborne Investors LP
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Sherborne Investors Management LP
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Sherborne Investors Management GP, LLC
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Sherborne Strategic Fund A, LLC
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Sherborne Strategic Fund B, LLC
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
Nottingham Investors LLC
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    
BRAMSON EDWARD J
135 EAST 57TH STREET
NEW YORK, NY 10022		     X    

Signatures

/s/ Gerard L. Eastman, attorney in fact 07/25/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) See Joint Filer Information on Exhibit 99.1 for information with respect to the nature of Sherborne Investors GP, LLC's indirect ownership and the persons jointly filing this report.
(2) 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.
 
Remarks:
Remarks:
Exhibit List
Exhibit 24 - Confirming Statement
Exhibit 99.1 - Joint Filer Information

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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