Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
WOLFSON BRIAN SIR
 2. Issuer Name and Ticker or Trading Symbol
NATURAL HEALTH TRENDS CORP [BHIP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

C/O NATURAL HEALTH TRENDS CORP., 2050 DIPLOMAT DRIVE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


DALLAS, TX 75234		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock (1) 04/21/2004   G5 8,000 D $ 0 7,160 (2) I By Capital Development, S.A., an entity controlled by Sir Brian Wolfson.

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 2270 (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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (1) $ 1     3     07/24/2002 07/24/2007 Common Stock
20,000
  20,000 (3)
I
By Capital Development, S.A., an entity controlled by Sir Brian Wolfson.
Stock Options (1) $ 1.5     3     07/24/2003 07/24/2007 Common Stock
20,000
  20,000
I
By Capital Development, S.A., an entity controlled by Sir Brian Wolfson.
Stock Options (1) $ 2     3     07/24/2004 07/24/2007 Common Stock
20,000
  20,000
I
By Capital Development, S.A., an entity controlled by Sir Brian Wolfson.
Stock Options $ 1.8 11/17/2006   A4 15,000   11/17/2007(4) 11/17/2011 Common Stock
15,000
$ 0 15,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WOLFSON BRIAN SIR
C/O NATURAL HEALTH TRENDS CORP.
2050 DIPLOMAT DRIVE
DALLAS, TX 75234		   X      

Signatures

/s/ Gary C. Wallace by Power of Attorney 02/13/2007
**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) Sir Brian Wolfson originally became a director of Natural Health Trends Corp. on August 4, 1997, as reported on a Form 3 filed on August 14, 1997. He resigned as a director on March 31, 2000. He became a director again on May 22, 2003.
(2) When Sir Brian became a director again on May 22, 2003, he indirectly owned 15,160 shares of stock through Capital Development, S.A. After the gift of 8,000 shares on April 21, 2004, there remained 7,160 shares.
(3) These options were owned indirectly by Sir Brian Wolfson when he came a director again on May 22, 2003.
(4) One third of the granted stock options vest annually on November 17 of 2007, 2008, and 2009.

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