<SUBMISSION>
<ACCESSION-NUMBER>0001171520-09-000468
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20090708
<ITEMS>5.02
<FILING-DATE>20090708
<DATE-OF-FILING-DATE-CHANGE>20090708
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>WATTS WATER TECHNOLOGIES INC
<CIK>0000795403
<ASSIGNED-SIC>3490
<IRS-NUMBER>042916536
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11499
<FILM-NUMBER>09935005
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>815 CHESTNUT ST
<CITY>NORTH ANDOVER
<STATE>MA
<ZIP>01845
<PHONE>9786881811
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>815 CHESTNUT STREET
<CITY>NORTH ANDOVER
<STATE>MA
<ZIP>01845
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<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WATTS INDUSTRIES INC
<DATE-CHANGED>19920703
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</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eps3479.htm
<DESCRIPTION>WATTS WATER TECHNOLOGIES, INC.
<TEXT>
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REPORT</font></div>
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of Report (Date of earliest event reported): July 8, 2009</font></div>
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688-1811</font></div>
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the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (<font style="DISPLAY: inline; FONT-STYLE: italic">see</font> General
Instruction A.2. below):</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
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              <div align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman, serif">Departure
      of Directors or Certain Officers; Election of Directors; Appointment of
      Certain Officers; Compensatory Arrangements of Certain
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif"><font style="DISPLAY: inline; COLOR: #000000">On July 8, 2009, Josh C. Fu, the
President, Asia of Watts Water Technologies, Inc. (the &#8220;Registrant&#8221;), resigned
as an employee of the Registrant effective immediately.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Registrant and Mr. Fu entered into a letter agreement on July 8, 2009 regarding
the terms of Mr. Fu&#8217;s resignation (the &#8220;Resignation
Agreement&#8221;).&#160;&#160;Pursuant to the Resignation Agreement, (i) Mr. Fu will
receive an initial lump-sum severance payment in the amount of $106,125 and a
second lump-sum payment of $106,125 after April 8, 2009, (ii) the Registrant
will pay the cost of continued health coverage under the Consolidated Omnibus
Reconciliation Act of 1985, as amended (&#8220;COBRA&#8221;), until March 31, 2010, if Mr.
Fu elects COBRA coverage, and (iii) the Registrant will waive any claims for
reimbursement of $72,237 in overpayments of base salary to Mr.
Fu.&#160;&#160;</font>The Resignation Agreement contains a general release from
Mr. Fu, the effectiveness of which is subject to statutory review and revocation
periods.&#160;&#160;No severance payments or other benefits will be paid
pursuant to the Resignation Agreement until the statutory revocation period has
passed.&#160;&#160;The Resignation Agreement also contains covenants prohibiting
Mr. Fu from (i) making false, disparaging or derogatory statements about the
Registrant, (ii) competing with the Registrant in China for a period of nine
months following Mr. Fu&#8217;s resignation date, (iii) soliciting for employment or
hiring any employee of the Registrant for a period of nine months following Mr.
Fu&#8217;s resignation date, (iv) soliciting any customer of the Registrant for a
period of nine months following Mr. Fu&#8217;s resignation date, and (v) disclosing
confidential information of the Registrant.&#160;&#160;The Resignation Agreement
provides for the payment by Mr. Fu of liquidated damages equal to three times
the amount paid to Mr. Fu under the Resignation Agreement in the event Mr. Fu
breaches the confidentiality, non-solicitation or non-competition provisions of
the Resignation Agreement.</font></div>
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July 8, 2009, Mr. Fu also entered into a separate Non-Competition Agreement (the
&#8220;China Non-Competition Agreement&#8221;) with Watts (Shanghai) Management Co., Ltd., a
wholly-owned subsidiary of the Registrant in China, which prohibits Mr. Fu from
(i) competing with the Registrant&#8217;s operations in China for a period of nine
months following Mr. Fu&#8217;s resignation date, (ii) soliciting for employment or
hiring any employee of the Registrant&#8217;s subsidiaries in China for a period of
nine months following Mr. Fu&#8217;s resignation date, (iii) soliciting any customer
of the Registrant&#8217;s subsidiaries in China for a period of nine months following
Mr. Fu&#8217;s resignation date, and (iv) disclosing confidential information of the
Registrant or its subsidiaries.&#160;&#160;The China Non-Competition Agreement
provides for the payment by Mr. Fu of liquidated damages equal to three times
the amount paid to Mr. Fu under the Resignation Agreement in the event Mr. Fu
breaches the terms of the China Non-Competition Agreement.</font></div>
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unvested shares of restricted stock previously granted to him under the 2004
Stock Incentive Plan were cancelled as of the date of his resignation in
accordance with the terms of such plans and the award
agreements.</font></font></div>
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of Asian Operations have been assumed by Michael P. Flanders, the
Registrant&#8217;s</font><font style="DISPLAY: inline; COLOR: #000000"> Executive Vice
President of Manufacturing Operations.</font></font></div>
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to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif">&#160;&#160;
      WATTS WATER TECHNOLOGIES, INC.</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif">Date:&#160;&#160;July
      8, 2009</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; LINE-HEIGHT: 12.55pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif">By:
      <font style="TEXT-DECORATION: underline">/s/ Kenneth R. Lepage<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif">Kenneth
      R. Lepage</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 12pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: times new roman, serif">General
      Counsel</font></div>
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