July 26, 2007 06:24 PM

Actors Naomi Watts, 38, and Liev Schreiber, 39, welcomed son Alexander Pete at 3:59 pm on Wednesday, July 25th. He weighed in at 8 lbs, 4 oz, and is 22.5 inches long.

The name Alexander is believed to be in honor of Liev’s grandfather, with whom he was close, and Pete is for Naomi’s father, Peter. A rep says,

The parents are ecstatic, and both mom and baby are doing great.

A source close to the couple said,

Thisis a dream come true for both of them and they’ve done everything intheir power to make it as special as possible, right down to staying inthe dark about the baby’s sex right up until Naomi gave birth.

Naomi’s due date was August 2nd and she planned to go into labornaturally (without being induced or scheduling a c-section) so we assume that’s what happened.

Sources: Us; ET

Click below for the entire article.

Update 7 pm: IT’S A BOY! He was born yesterday, not this morning as L &S originally reported. People confirms the news.

Originally posted 5:20 pm: According to Life & Style Weekly, Naomi Watts, 38, gave birth to her and fiance Liev Schreiber‘schild this morning in Los Angeles. No further information about thebaby has been released, including the sex. We do know that the baby arrived a week early.

By the way, a due date isjust an estimate of when the baby will arrive based on the estimatedconception date.  Only 5% of women actually deliver on their due date.

(They are pictured above walking their dogs yesterday.)

Thanks to CBB readers Samantha, Lisa, Kitty, Heather and Michelle.

Did you give birth before, after, or on your due date?

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