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 ^*

CHANG JOSEPH Y

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

(Last)

(First)

(Middle)

C/O NU SKIN ENTERPRISES, INC., 75 WEST CENTER STREET

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2006

(Street)

PROVO 84601

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
Class A Common Stock								61,059 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy) ⁽²⁾

$ 6.84

⁽³⁾

04/01/2007

Class A Common Stock

6,581

6,581 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 8

⁽³⁾

04/11/2010

Class A Common Stock

14,000

67,667 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 8

⁽³⁾

04/11/2010

Class A Common Stock

20,000

17,667 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 6.56

⁽³⁾

08/31/2010

Class A Common Stock

6,000

0 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 8.2

⁽³⁾

02/28/2011

Class A Common Stock

6,250

6,250 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾ ⁽⁵⁾

$ 12.45

⁽³⁾

04/19/2012

Class A Common Stock

12,500

12,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾ ⁽⁵⁾

$ 12.45

⁽³⁾

08/31/2011

Class A Common Stock

12,500

12,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾ ⁽⁵⁾

$ 12.45

⁽³⁾

08/31/2009

Class A Common Stock

25,000

25,000 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 12

09/03/2003⁽⁴⁾

09/03/2012

Class A Common Stock

12,500

12,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 9.04

03/10/2004⁽⁴⁾

03/10/2013

Class A Common Stock

12,500

12,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 11.5

09/02/2004⁽⁴⁾

09/02/2013

Class A Common Stock

17,500

17,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 19.15

02/27/2005⁽⁴⁾

02/27/2014

Class A Common Stock

17,500

17,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 26.13

09/01/2005⁽⁴⁾

09/01/2014

Class A Common Stock

17,500

17,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 22.33

02/28/2006⁽⁴⁾

02/28/2015

Class A Common Stock

17,500

17,500 ⁽¹⁾

Employee Stock Option (right to buy) ⁽²⁾

$ 21.34

08/31/2006⁽⁴⁾

08/31/2015

Class A Common Stock

17,500

17,500 ⁽¹⁾

Employee Stock Option (right to buy)

$ 17.58

05/26/2006

17,500

05/26/2007⁽⁴⁾

05/26/2013

Class A Common Stock

17,500

⁽⁶⁾

17,500 ⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CHANG JOSEPH Y C/O NU SKIN ENTERPRISES, INC. 75 WEST CENTER STREET PROVO 84601			Chief Scientific Officer

Signatures

D. Matthew Dorny as Attorney-in-Fact for Joseph Y. Chang		05/31/2006
^**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)	Represents number of shares beneficially owned as of May 26, 2006.
(2)	Previously reported.
(3)	Currently exercisable in full.
(4)	Becomes exercisable in four equal annual installments beginning on the date indicated.
(5)	Issued as part of an Option Exchange Offer.
(6)	Price not applicable.

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