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 *
  Fish Kenneth
 2. Date of Event Requiring Statement (Month/Day/Year)
01/22/2008		 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)
Sr. VP, GM, Strength
 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 5,900 (1)
D
 
Common Stock 113,315
I
by IRA

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
Nonqualified Stock Option (right-to-buy) 06/20/2006(2) 06/20/2012 Common Stock 10,000 $ 27.72 D  
Nonqualified Stock Option (right-to-buy) 01/29/2007(3) 01/29/2013 Common Stock 6,500 $ 15.15 D  
Nonqualified Stock Option (right-to-buy) 01/28/2008(4) 01/28/2014 Common Stock 6,500 $ 16.1 D  
Performance Unit Awards   (5)   (5) Common Stock 1,200 $ 0 D  
Nonqualified Stock Option (right-to-buy) 12/03/2008(6) 12/03/2014 Common Stock 10,000 $ 5.75 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fish Kenneth
NAUTILUS, INC.
16400 SE NAUTILUS DRIVE
VANCOUVER, WA 98683		       Sr. VP, GM, Strength  

Signatures

/s/ William Meadowcroft, Attorney-in-fact for Kenneth Fish 01/31/2008
**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) The shares are restricted and will vest in full on August 13, 2009
(2) Options vest in four annual installments beginning June 20, 2006
(3) Options vest in four equal annual installments beginning January 29, 2007
(4) Options vest in four equal annual installments beginning January 28, 2008
(5) The performance unit awards shall entitle Mr. Fish to receive 1,200 shares of Nautilus, Inc. common stock vesting annually over three years ifthe Company achieves the following earnings per share: 2007 = $1.00; 2008 = $1.25 and 2009 = $1.55
(6) Options vest in four annual installments beginning December 3, 2008

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