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Oprah Winfrey sells 2,359,702 Weight Watchers shares

Oprah Winfrey Network LLC Chairman and CEO Oprah Winfrey sold 2,359,702 common shares in global wellness company Weight Watchers International Inc. in public market transactions between March 2-6, averaging at $60.48 per share.

The billionaire acquired 1,405,387 shares of the total shares sold by exercising a stock option at a price of $6.97 per share, or $9,795,547 in aggregate.

Winfrey sold her shares to diversify her investment portfolio and to make a donation to her charity foundation, the Oprah Winfrey Charitable Foundation, to which she transferred an aggregate of 361,000 shares, according to a regulatory filing.

Between Oct. 18, 2015, and Jan. 2, Oprah was granted an aggregate of 8,180 shares of common stock as compensation for her services as a director of the issuer.

Oprah Winfrey Network is controlled by Discovery Communications Inc.