Here's the errors I see in the console while the spinner is spinning away on the watch:
Jul 10 13:24:57 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 329: No such process
Jul 10 13:24:57 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 329: No such process
Jul 10 13:24:59 Garys-iPhone-6 locationd[65] <Notice>: Location icon should now be in state 'Inactive'\^J
Jul 10 13:25:07 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 330: No such process
Jul 10 13:25:07 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 330: No such process
Jul 10 13:25:17 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 331: No such process
Jul 10 13:25:17 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 331: No such process
Jul 10 13:25:22 Garys-iPhone-6 securityd[98] <Notice>: XPC [homed[136]] operation: <CFString 0x10012cb50 [0x1a1d70be8]>{contents = "copy_matching"} (1)
Jul 10 13:25:22 Garys-iPhone-6 securityd[98] <Notice>: SecError: Error Domain=NSOSStatusErrorDomain Code=-25300 "The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)" UserInfo=0x126d3e1c0 {NSDescription=no matching items found}
Jul 10 13:25:22 Garys-iPhone-6 securityd[98] <Notice>: error SecCFCreateErrorWithFormatAndArguments SecError: The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)\^J
Jul 10 13:25:27 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 332: No such process
Jul 10 13:25:27 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 332: No such process
Jul 10 13:25:37 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 333: No such process
Jul 10 13:25:37 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 333: No such process
Jul 10 13:25:39 Garys-iPhone-6 nsurlsessiond[116] <Notice>: Task 42 for client <CFString 0x19dabfe20 [0x1a1d70be8]>{contents = "com.apple.OTACrashCopier"} is waiting for connection - reason: 3
Jul 10 13:25:47 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 334: No such process
Jul 10 13:25:47 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 334: No such process
Jul 10 13:25:52 Garys-iPhone-6 securityd[98] <Notice>: XPC [homed[136]] operation: <CFString 0x10012cb50 [0x1a1d70be8]>{contents = "copy_matching"} (1)
Jul 10 13:25:52 Garys-iPhone-6 securityd[98] <Notice>: SecError: Error Domain=NSOSStatusErrorDomain Code=-25300 "The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)" UserInfo=0x126e2aed0 {NSDescription=no matching items found}
Jul 10 13:25:52 Garys-iPhone-6 securityd[98] <Notice>: error SecCFCreateErrorWithFormatAndArguments SecError: The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)\^J
Jul 10 13:25:57 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 335: No such process
Jul 10 13:25:57 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 335: No such process
Jul 10 13:26:08 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 336: No such process
Jul 10 13:26:08 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 336: No such process
Jul 10 13:26:10 Garys-iPhone-6 timed[63] <Notice>: cmd,SYNC,rtc_s,2780346.810668000,unc_s,0.000500000,mach,26321325590
Jul 10 13:26:11 Garys-iPhone-6 timed[63] <Notice>: cmd,adjtime,remaining_tv_sec,0,remaining_tv_usec,0
Jul 10 13:26:11 Garys-iPhone-6 timed[63] <Notice>: cmd,<CFString 0x100067200 [0x1a1d70be8]>{contents = "apply"},src,<CFString 0x100067240 [0x1a1d70be8]>{contents = "adjtime"},rtc_s,2780346.809882875,rtc_unc_s,0.000500016,t_s,458241970.993716240,unc_s,0.001729310,mach,26321306747,adjust,-0.001817763,success,1,after_m,26321306778
Jul 10 13:26:11 Garys-iPhone-6 timed[63] <Notice>: cmd,rtc_offset,set,1433768824183833365,was,1433768824188934000,now,1433768824183807000,success,1
Jul 10 13:26:18 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 337: No such process
Jul 10 13:26:22 Garys-iPhone-6 securityd[98] <Notice>: XPC [homed[136]] operation: <CFString 0x10012cb50 [0x1a1d70be8]>{contents = "copy_matching"} (1)
Jul 10 13:26:22 Garys-iPhone-6 securityd[98] <Notice>: SecError: Error Domain=NSOSStatusErrorDomain Code=-25300 "The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)" UserInfo=0x126d52c80 {NSDescription=no matching items found}
Jul 10 13:26:22 Garys-iPhone-6 securityd[98] <Notice>: error SecCFCreateErrorWithFormatAndArguments SecError: The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)\^J
Jul 10 13:26:28 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 338: No such process
Jul 10 13:26:28 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 338: No such process
Jul 10 13:26:38 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 339: No such process
Jul 10 13:26:44 Garys-iPhone-6 wcd[237] <Notice>: [DEBUG] -[WCDSystemMonitor onqueue_handleActiveComplicationsChanged] {(\^J "com.imshealth.PSATracker",\^J "com.imshealth.buddywatch.ent"\^J)}
Jul 10 13:26:44 Garys-iPhone-6 wcd[237] <Notice>: [DEBUG] -[WCDSystemMonitor setIOSApplicationsContainingActiveComplications:] {(\^J "com.imshealth.PSATracker",\^J "com.imshealth.buddywatch.ent"\^J)}
Jul 10 13:26:44 Garys-iPhone-6 wcd[237] <Notice>: [DEBUG] -[WCDSystemMonitor notifyObservers:] <WCDPushKitManager: 0x14cd2dd70> of systemObserverActiveComplicationsChanged
Jul 10 13:26:48 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 340: No such process
Jul 10 13:26:48 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 340: No such process
Jul 10 13:26:49 Garys-iPhone-6 locationd[65] <Notice>: Location icon should now be in state 'Active'\^J
Jul 10 13:26:52 Garys-iPhone-6 securityd[98] <Notice>: XPC [homed[136]] operation: <CFString 0x10012cb50 [0x1a1d70be8]>{contents = "copy_matching"} (1)
Jul 10 13:26:52 Garys-iPhone-6 securityd[98] <Notice>: SecError: Error Domain=NSOSStatusErrorDomain Code=-25300 "The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)" UserInfo=0x126e362f0 {NSDescription=no matching items found}
Jul 10 13:26:52 Garys-iPhone-6 securityd[98] <Notice>: error SecCFCreateErrorWithFormatAndArguments SecError: The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)\^J
Jul 10 13:26:58 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 341: No such process
Jul 10 13:26:58 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 341: No such process
Jul 10 13:26:59 Garys-iPhone-6 wifid(SystemConfiguration)[40] <Notice>: WiFi:[458242019.096462]: Disable WoW requested by "IDSRemoteURLConn"
Jul 10 13:26:59 Garys-iPhone-6 IDSRemoteURLConnectionAgent(CommonUtilities)[342] <Notice>: WiFi is associated <CFString 0x19eceabe0 [0x1a1d70be8]>{contents = "YES"}
Jul 10 13:26:59 Garys-iPhone-6 IDSRemoteURLConnectionAgent(CommonUtilities)[342] <Notice>: WiFi is associated <CFString 0x19eceabe0 [0x1a1d70be8]>{contents = "YES"}
Jul 10 13:26:59 Garys-iPhone-6 wifid(SystemConfiguration)[40] <Notice>: WiFi:[458242019.146241]: Disable WoW requested by "IMRemoteURLConne"
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CommonUtilities)[343] <Notice>: WiFi is associated <CFString 0x19eceabe0 [0x1a1d70be8]>{contents = "YES"}
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CommonUtilities)[343] <Notice>: WiFi is associated <CFString 0x19eceabe0 [0x1a1d70be8]>{contents = "YES"}
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CFNetwork)[343] <Notice>: TCP Conn 0x12c524b70 started
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CFNetwork)[343] <Notice>: TCP Conn 0x12c524b70 event 1. err: 0
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CFNetwork)[343] <Notice>: TCP Conn 0x12c524b70 complete. fd: 5, err: 0
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CFNetwork)[343] <Notice>: TCP Conn 0x12c524b70 starting SSL negotiation
Jul 10 13:26:59 Garys-iPhone-6 securityd[98] <Notice>: XPC [IMRemoteURLConne[343]] operation: <CFString 0x10012cc30 [0x1a1d70be8]>{contents = "trust_evaluate"} (8)
Jul 10 13:26:59 Garys-iPhone-6 IMRemoteURLConnectionAgent(CFNetwork)[343] <Notice>: TCP Conn 0x12c524b70 SSL Handshake DONE
Jul 10 13:27:00 Garys-iPhone-6 locationd[65] <Notice>: Location icon should now be in state 'Inactive'\^J
Jul 10 13:27:08 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 344: No such process
Jul 10 13:27:18 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 345: No such process
Jul 10 13:27:18 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 345: No such process
Jul 10 13:27:22 Garys-iPhone-6 securityd[98] <Notice>: XPC [homed[136]] operation: <CFString 0x10012cb50 [0x1a1d70be8]>{contents = "copy_matching"} (1)
Jul 10 13:27:22 Garys-iPhone-6 securityd[98] <Notice>: SecError: Error Domain=NSOSStatusErrorDomain Code=-25300 "The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)" UserInfo=0x126e2aed0 {NSDescription=no matching items found}
Jul 10 13:27:22 Garys-iPhone-6 securityd[98] <Notice>: error SecCFCreateErrorWithFormatAndArguments SecError: The operation couldn\M-b\M^@\M^Yt be completed. (OSStatus error -25300 - no matching items found)\^J
Jul 10 13:27:28 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get short BSD proc info for 346: No such process
Jul 10 13:27:28 Garys-iPhone-6 SpringBoard(BaseBoard)[56] <Notice>: Unable to get proc info for 346: No such process