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 *
  McMahon William B
 2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2009		 3. Issuer Name and Ticker or Trading Symbol
NAUTILUS, INC. [NLS]
(Last)
(First)
(Middle)
NAUTILUS, INC., 16400 SE NAUTILUS DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP GM Direct
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

VANCOUVER, WA 98683		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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 2,260 (1)
D
 

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
Employee Stock Option (right to buy)   (2) 01/28/2014 Common Stock 750 $ 16.1 D  
Employee Stock Option (right to buy)   (3) 02/25/2015 Common Stock 3,500 $ 4.15 D  
Employee Stock Option (right to buy)   (4) 02/25/2015 Common Stock 3,500 $ 4.15 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McMahon William B
NAUTILUS, INC.
16400 SE NAUTILUS DRIVE
VANCOUVER, WA 98683		       VP GM Direct  

Signatures

/s/ Wayne Bolio, Attorney-in-fact for William B. McMahon 07/01/2009
**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) 2000 shares are restricted and will vest in full on August 13, 2009.
(2) The option is exercisable in four annual installments. The first two installments for 188 shares each became exercisable on January 28, 2008 and January 28, 2009. The remaining installments for 187 shares each become exercisable on January 28, 2010 and January 28, 2011.
(3) The option is exercisable in two equal annual installments. The first installment became exercisable on February 25, 2009, and the second installment becomes exercisable on February 25, 2010.
(4) The option is exercisable in four equal annual installments. The first installment became exercisable on February 25, 2009, and the remaining installments become exercisable on February 25, 2010, February 25, 2011 and February 25, 2012.

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