WeightWatchers 2002 Annual Report Download - page 42

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December 28, 2002. None of our executive officers exercised any WeightWatchers.com options and they
do not have any stock appreciation rights.
Aggregated Options
Values as of December 28, 2002
Fiscal Year Ended Number of Weight Watchers Value of Weight Watchers
December 28, 2002 Securities Unexercised
Shares Underlying Unexercised Options at In-The-Money Options at
December 28, 2002 December 28, 2002
Acquired in Value
Name Exercise (#) Realized Exercisable (#) Unexercisable (#) Exercisable Unexercisable
Linda Huett ............ ——308,202 115,281 $13,322,031 $4,983,021
Ann M. Sardini ......... ———100,000 —$ 903,000
Richard McSorley ........ 12,350 $470,257 100,579 169,393 $ 4,155,120 $6,997,964
Clive Brothers .......... 20,000 $799,800 182,331 79,991 $ 7,881,257 $3,457,611
Robert W. Hollweg ....... ——202,331 79,991 $ 8,745,757 $3,457,611
Number of
WeightWatchers.com
Securities Value of
Underlying WeightWatchers.com Number of Heinz Value of Heinz In-
Unexercised In-The-Money Securities Underlying The-Money
Options at Options at Unexercised Options at Options at
December 28, 2002 December 28, 2002 December 28, 2002 December 28, 2002
Exercis- Unexercis- Exercis- Unexercis- Exercis- Unexercis- Exercis- Unexercis-
Name able (#) able (#) able able able (#) able (#) able able
Linda Huett ......... 8,538 2,847 ——40,000 ———
Ann M. Sardini ....... ———— — — ——
Richard McSorley ..... ———— — — ——
Clive Brothers ........ 8,538 2,847 ——40,000 ———
Robert W. Hollweg ..... 8,538 2,847 —— — — ——
Director Compensation
Our executive director and our directors who are associated with The Invus Group do not receive
compensation. Mr. Reed, Ms. Evans and Mr. Bard will receive (1) annual compensation in the amount
of $30,000, paid quarterly, half in cash and half in our common stock; (2) $1,000 per Audit Committee
meeting; (3) options for 2,000 shares of our common stock per year, with the first grant on February 6,
2002 for Mr. Reed and Ms. Evans and November 12, 2002 for Mr. Bard, at an exercise price equal to
the closing price of our common stock on the day that the options are granted, the options have a five
year life and vest one year after the grant date; and (4) reimbursement of reasonable out-of-pocket
expenses associated with a director’s role on the board of directors.
Executive Savings and Profit Sharing Plan
We sponsor a savings plan for salaried and eligible hourly employees. This defined contribution
plan provides for employer matching contributions up to 100% of the first 3% of an employee’s eligible
compensation. The savings plan also permits employees to contribute between 1% and 13% of eligible
compensation on a pre-tax basis.
The savings plan also contains a profit sharing component for full-time salaried employees that are
not key management personnel, which provides for a guaranteed monthly employer contribution for
each participant based on the participant’s age and a percentage of the participant’s eligible
compensation. In addition, the profit sharing plan has a supplemental employer contribution
component, based on our achievement of certain annual performance targets, and a discretionary
contribution component.
We also established an executive profit sharing plan, which provides a non-qualified profit sharing
plan for key management personnel who are not eligible to participate in our profit sharing plan. This
non-qualified profit sharing plan has similar features to our profit sharing plan.
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