NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- Weight Watchers International, Inc. (NYSE: WTW) today announced that Thilo Semmelbauer, Chief Operating Officer, has adopted a written plan for the purpose of selling limited amounts of his Weight Watchers equity holdings. The written plan was adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and enables Mr. Semmelbauer to exercise stock options to diversify his holdings for financial and estate planning purposes.
Under this written plan, Mr. Semmelbauer intends to exercise stock options and sell up to 30,000 of the underlying shares. These sales may take place from time to time over a six month period beginning March 21, 2008, subject to certain timing conditions and minimum price levels.
Rule 10b5-1 allows officers and directors of public companies, at a time they are not aware of material nonpublic information, to adopt predetermined plans for selling shares without regard to any subsequent non-public information the individual may receive.
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world's leading provider of weight management services, operating globally through a network of Company- owned and franchise operations. Weight Watchers holds over 50,000 weekly meetings where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. WeightWatchers.com provides innovative, subscription weight management products over the Internet and is the leading Internet-based weight management provider in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management's current expectations
and beliefs, as well as a number of assumptions concerning future events.
These statements are subject to risks, uncertainties, assumptions and other
important factors. Readers are cautioned not to put undue reliance on such
forward-looking statements because actual results may vary materially from
those expressed or implied. The reports filed by the Company pursuant to
United States securities laws contain discussions of these risks and
uncertainties. The Company assumes no obligation to, and expressly
disclaims any obligation to, update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Readers are advised to review the Company's filings with the
United States Securities and Exchange Commission (which are available from
the SEC's EDGAR database at http://www.sec.gov, at various SEC reference
facilities in the United States and via the Company's website at
Weight Watchers International, Inc. Brainerd Communicators, Inc.
Sarika Sahni Corey Kinger
Manager, Investor Relations (212) 986-6667
|SOURCE Weight Watchers International, Inc.|
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