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.
