SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* MANCHESTER MANAGEMENT CO LLC (Last) (First) (Middle) 2 INTERNATIONAL PL 24TH FL. (Street) BOSTON MA 02110 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/19/2012	3. Issuer Name and Ticker or Trading Symbol NTS, INC. [ NTS ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) SC 13D Group Member	5. If Amendment, Date of 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

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	824,057(1)	I	JEB Partners, LP
Common Stock	1,875,406(1)	I	Manchester Explorer, LP

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: 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

1. Name and Address of Reporting Person* MANCHESTER MANAGEMENT CO LLC (Last) (First) (Middle) 2 INTERNATIONAL PL 24TH FL. (Street) BOSTON MA 02110 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) SC 13D Group Member

1. Name and Address of Reporting Person* BESSER JAMES E (Last) (First) (Middle) 131 CHARLES STREET 1ST FLOOR (Street) BOSTON MA 02114 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) SC 13D Group Member

Explanation of Responses:

1. Manchester Management Company may be deemed to be the beneficial owner of 2,699,463 shares of Common Stock (Manchester Shares). Manchester Management Company is in possession of shared voting and investment power for the Manchester Shares. As the Managing Member of Manchester Management Company, Mr. Besser is in possession of shared voting and investment power for the Manchester Shares, and may also be deemed to beneficially own the Manchester Shares. Mr. Besser does not own any shares of Common Stock directly and disclaims beneficial ownership of the Manchester Shares.

Remarks:

On October 24, 2012 Jeffrey Eberwein, on behalf of the Concerned NTS Shareholders, which includes the Reporting Persons listed below and certain other persons, made a joint filing on Schedule 13D with the Securities and Exchange Commission, under Section 13d of the Securities Exchange Act of 1934, as amended, and may therefore be deemed to beneficially own Common Stock beneficially owned by the other persons in such joint filing. The filing of this Form 3 shall not be construed as an admission that any of the Reporting Persons is, for any purpose, the beneficial owner of the Common Stock held by any other Reporting Person, and each Reporting Person disclaims beneficial ownership of the shares of Common Stock owned by the others. Joint Filers and Addresses: Manchester Management Company, LLC 131 Charles Street, 1st Floor Boston, Massachusetts 02114 James E. Besser 131 Charles Street, 1st Floor Boston, Massachusetts 02114

	/s/ James E. Besser	10/26/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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