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Weight Watchers Int'l COO exercises options

By Associated Press
May 15, 2008 | Comments (0)

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The chief operating officer of Weight Watchers International Inc., which provides weight-loss products and services, exercised options for 2,544 shares of common stock, according to a filing with the Securities and Exchange Commission.

In a Form 4 filed with the SEC Wednesday, Thilo Semmelbauer reported exercising the options on Tuesday for $36.71 apiece, then selling all 2,544 shares on the same day for $44 to $44.30 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Weight Watchers is based in New York.

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