WeightWatchers 2003 Annual Report Download - page 44

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WeightWatchers.com common stock. Generally, stock options under the plan vest in annual increments
over five years upon our achievement of certain performance targets. These options are not exercisable
until the earlier to occur of (1) six months after the tenth anniversary of the date the option was
granted; and (2) a public offering of WeightWatchers.com common stock or a private sale of the stock
in which an employee holding stock is entitled to participate under the terms of the sale participation
agreement entered into with Artal Luxembourg.
The following tables set forth the number and value of securities underlying unexercised options
held by each of our executive officers listed on the Summary Compensation Table above as of
January 3, 2004. None of our executive officers exercised any WeightWatchers.com options and they do
not have any stock appreciation rights.
Aggregated Options
Values as of January 3, 2004
Fiscal Year Ended Number of Weight Watchers Value of Weight Watchers
January 3, 2004 Shares Securities Underlying Unexercised Unexercised In-The-Money
Options at January 3, 2004 Options at January 3, 2004
Acquired in Value
Name Exercise (# ) Realized Exercisable (# ) Unexercisable (# ) Exercisable Unexercisable
Linda Huett ........... 105,000 $4,106,433 263,195 95,288 $9,700,052 $2,037,639
Ann M. Sardini ........ — — 20,000 100,000 $ 53,200 $ 212,800
Richard McSorley....... 33,562 $1,240,126 132,891 123,519 $4,643,544 $3,617,213
Clive Brothers ......... 126,000 $4,428,410 98,679 57,643 $3,636,815 $1,387,333
Robert W. Hollweg ...... 91,000 $3,558,909 153,679 47,643 $5,663,840 $1,387,333
Scott R. Penn .......... 65,875 $2,551,668 42,348 47,643 $1,560,736 $1,387,333
Number of WeightWatchers.com Value of
Securities Underlying WeightWatchers.com Number of Heinz Securities Value of Heinz
Unexercised Options In-The-Money Options Underlying Unexercised Options In-The-Money Options
at January 3, 2004 at January 3, 2004(*) at January 3, 2004 at January 3, 2004
Name Exercisable (# ) Unexercisable (# ) Exercisable Unexercisable Exercisable (# ) Unexercisable (# ) Exercisable Unexercisable
Linda Huett ..... 9,961 1,424 N/A N/A 40,000 — — —
Ann M. Sardini . . . — — — — — — — —
Richard McSorley . — — — — — — — —
Clive Brothers .... 9,961 1,424 N/A N/A 40,000 — — —
Robert W. Hollweg . 9,961 1,424 N/A N/A — — — —
Scott R. Penn .... 9,961 1,424 N/A N/A — — — —
(*) The value of WeightWatchers.com options are not currently calculable as the underlying securities are not
publicly traded.
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 second grant on
February 6, 2003 for Mr. Reed and Ms. Evans and November 12, 2003 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.
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