Edgar Filing: NU SKIN ENTERPRISES INC

Ownership Submission

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 ^*

BLUM CAPITAL PARTNERS LP

2. Issuer Name and Ticker or Trading Symbol
NU SKIN ENTERPRISES INC [NUS]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

909 MONTGOMERY STREET, SUITE 400

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2007

(Street)

SAN FRANCISCO, CA 94133

4. If Amendment, Date Original Filed(Month/Day/Year)

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 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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/01/2007		S		700	D	$ 17.01	176,781	D ⁽¹⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		900	D	$ 17.01	175,881	D ⁽¹⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		1,300	D	$ 16.89	174,581	D ⁽¹⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		800	D	$ 17.01	213,900	D ⁽²⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		1,000	D	$ 17.01	212,900	D ⁽²⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		100	D	$ 17.03	212,800	D ⁽²⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		1,600	D	$ 16.89	211,200	D ⁽²⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		800	D	$ 17.01	211,200	D ⁽³⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		1,000	D	$ 17.01	210,200	D ⁽³⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		100	D	$ 17.03	210,100	D ⁽³⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		1,600	D	$ 16.89	208,500	D ⁽³⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		400	D	$ 17.01	109,100	D ⁽⁴⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		600	D	$ 17.01	108,500	D ⁽⁴⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		800	D	$ 16.89	107,700	D ⁽⁴⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		1,600	D	$ 17.01	421,000	D ⁽⁵⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		2,100	D	$ 17.01	418,900	D ⁽⁵⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		100	D	$ 17.03	418,800	D ⁽⁵⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		3,100	D	$ 16.89	415,700	D ⁽⁵⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		300	D	$ 17.01	68,100	D ⁽⁶⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		400	D	$ 17.01	67,700	D ⁽⁶⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		500	D	$ 16.89	67,200	D ⁽⁶⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		200	D	$ 17.01	57,119	D ⁽⁷⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		300	D	$ 17.01	56,819	D ⁽⁷⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		400	D	$ 16.89	56,419	D ⁽⁷⁾ ⁽⁹⁾
Common Stock	03/01/2007		S		700	D	$ 17.01	190,300	D ⁽⁸⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		900	D	$ 17.01	189,400	D ⁽⁸⁾ ⁽⁹⁾
Common Stock	03/02/2007		S		100	D	$ 17.03	189,300	D ⁽⁸⁾ ⁽⁹⁾
Common Stock	03/05/2007		S		1,400	D	$ 16.89	187,900	D ⁽⁸⁾ ⁽⁹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BLUM CAPITAL PARTNERS LP 909 MONTGOMERY STREET SUITE 400 SAN FRANCISCO, CA 94133		X
RICHARD C BLUM & ASSOCIATES INC 909 MONTGOMERY STREET SUITE 400 SAN FRANCISCO, CA 94133		X
Blum Strategic GP III, L.L.C. 909 MONTGOMERY STREET SUITE 400 SAN FRANCISCO, CA 94133		X
Saddlepoint Partners GP, L.L.C. 909 MONTGOMERY STREET SUITE 400 SAN FRANCISCO, CA 94133		X

Signatures

See Attached Signature Page		03/05/2007
^**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)	These shares are owned directly by Stinson Capital Partners, L.P.
(2)	These shares are owned directly by Stinson Capital Partners II, L.P.
(3)	These shares are owned directly by Stinson Capital Partners A, L.P.
(4)	These shares are owned directly by Stinson Capital Partners (QP), L.P.
(5)	These shares are owned directly by Stinson Capital Partners D, L.P.
(6)	These shares are owned directly by Stinson Capital Partners M, L.P.
(7)	These shares are owned directly by Stinson Dominion, L.P.
(8)	These shares are owned directly by BK Capital Partners IV, L.P.
(9)	These shares may be deemed to be owned indirectly by the following parties: (i) Blum Capital Partners, L.P. ("Blum LP"), the general partner of the limited partnerships described in Notes (1), (2), (3), (4), (5), (6), (7) and (8); and (ii) Richard C. Blum & Associates, Inc. ("RCBA Inc."), the general partner of Blum LP. Blum LP and RCBA Inc. disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Remarks: This Form 4 is 1 of 2 being filed for transactions on March 1, 2007 through March 5, 2007.

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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