WeightWatchers 2006 Annual Report Download - page 36

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Dividends
On February 16, 2006, our Board of Directors authorized the initiation of a quarterly cash dividend of
$0.175 per share of our outstanding common stock, which corresponds to an annual dividend rate of $0.70 per
share. The initial quarterly dividend was paid on April 7, 2006 to shareholders of record at the close of business
on March 24, 2006. On May 25, 2006, our Board of Directors declared a dividend of $0.175 per share for the
second quarter of fiscal 2006, which was paid on July 14, 2006 to shareholders of record as of June 30, 2006. On
August 29, 2006, our Board of Directors declared a dividend of $0.175 per share for the third quarter of fiscal
2006, which was paid on October 13, 2006 to shareholders of record as of September 29, 2006. On December 14,
2006 our Board of Directors declared a dividend of $0.175 per share for the fourth quarter of fiscal 2006, which
was paid on January 12, 2007 to shareholders of record as of December 29, 2006. Prior to these dividends, we
had not declared or paid any cash dividends on our common stock since our acquisition by Artal in 1999.
Any decision to declare and pay dividends in the future will be made at the discretion of our Board of
Directors, after taking into account our financial results, capital requirements and other factors they may deem
relevant. Our Board of Directors may decide at any time to decrease the amount of dividends or discontinue the
payment of dividends based on these factors. The WWI Credit Facility also contains restrictions on our ability to
pay dividends on our common stock. See “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations—Liquidity and Capital Resources—Dividends” for a description of the
WWI Credit Facility and these restrictions.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table summarizes our equity compensation plan information as of December 30, 2006:
Equity Compensation Plan Information
Plan category
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights(1)
Weighted average
exercise price of
outstanding options,
warrants and rights(2)
Number of securities
remaining available
for future issuance
Equity compensation plans approved by security
holders ................................ 2,923,156 $30.29 1,729,519
Equity compensation plans not approved by
security holders ......................... — — —
Total .................................... 2,923,156 $30.29 1,729,519
(1) Consists of 2,641,347 shares of our common stock issuable upon the exercise of outstanding options and
281,809 shares of our common stock issuable upon the vesting of restricted stock units awarded under our
2004 Stock Incentive Plan and our 1999 Stock Purchase and Option Plan.
(2) Includes weighted average exercise price of stock options outstanding of $33.52 and restricted stock units of
$0.
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