FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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 * HAMMANN GREGGORY C   2. Issuer Name and Ticker or Trading Symbol NAUTILUS, INC. [NLS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman and CEO (Last) (First) (Middle) NAUTILUS, INC, 16400 SE NAUTILUS DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 12/01/2005 (Street) VANCOUVER, WA 98683 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Performance Unit (1)

$ 0

12/01/2005

A

62,500

(1)

(1)

Common Stock

62,500

$ 0

62,500

D

Performance Unit (2)

$ 0

12/01/2005

A

62,500

(2)

(2)

Common Stock

62,500

$ 0

62,500

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HAMMANN GREGGORY C NAUTILUS, INC 16400 SE NAUTILUS DRIVE VANCOUVER, WA 98683	X		Chairman and CEO

Signatures

William D. Meadowcroft, by power of attorney		12/05/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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 performance unit award (the "initial award") shall entitle Mr. Hammann to receive a one-time award of 62,500 shares of Nautilus, Inc. stock if for any completed fiscal year ending on or before December 31, 2011, (i) Mr. Hammann is employed by the Company on the last day of such fiscal year, (ii) and the Company's earnings per share for such fiscal year equal or exceed two dollars.
(2)	The performance unit award shall entitle Mr. Hammann to receive 62,500 shares of Nautilus, Inc. stock if the performance goal for the initial award is achieved, the initial award year is a fiscal year ending on or before December 31, 2010, and the Company's earnings per share in the fiscal year immediately following the initial award year increase by 10% or more over those of the initial award year.

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