Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock-Based Compensation  
Schedule of number and weighted average GDFV of option granted

For the Years ended December 31,

2019

2018

2017

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Series A Qurate Retail common stock, QVC and HSN employees (1)

2,503

$

4.07

3,783

$

8.77

3,115

$

7.86

Series A Qurate Retail common stock, Zulily employees (1)

328

$

4.08

336

$

8.65

483

$

7.86

Series A Qurate Retail common stock, Qurate Retail employees and directors (2)

639

$

3.97

72

$

7.31

518

$

7.81

Series A Qurate Retail common stock, Qurate Retail President and CEO (3)

NA

NA

577

$

7.09

NA

NA

Series A Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

2,134

$

3.44

NA

NA

NA

NA

Series B Qurate Retail common stock, Qurate Retail Chairman of the Board (4)

26

$

5.84

175

$

8.84

154

$

7.92

Series A Ventures Group common stock, Qurate Retail employees and directors (2)

NA

NA

NA

NA

188

$

16.52

Series B Ventures Group common stock, Qurate Retail Chairman of the Board (4)

NA

NA

143

$

16.55

269

$

15.41

(1) Mainly vests semi-annually over four years.
(2) Mainly vests between three and five years for employees and in one year for directors.
(3) 50% vested on December 15, 2019, and 50% vests on December 15, 2020.  
(4) The grant made in March 2019 vested immediately, and the grant made in December 2019 in connection with the Chairman’s new employment agreement cliff vests in December 2023. Grants in 2018 and 2017 cliff vested at the end of their respective grant year. Grants were made in connection with his new and previous employment agreement (see notes 1 and 12).
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Volatility

 

2019 grants

    

    

    

    

    

Qurate Retail options

 

30.1

%  

-

44.8

%  

2018 grants

    

    

    

    

    

Qurate Retail options

 

29.7

%  

-

30.5

%  

Liberty Ventures options

 

27.9

%  

-

27.9

%  

2017 grants

    

    

    

    

    

Qurate Retail options

 

26.9

%  

-

32.7

%  

Liberty Ventures options

 

25.9

%  

-

28.9

%  

Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards

Qurate Retail

 

Series A

Series B

 

Weighted

Aggregate

Weighted

Aggregate

average

 intrinsic

average

 intrinsic

Awards

remaining

value

Awards

remaining

value

    

(000's)

    

WAEP

    

life

    

(in millions)

    

(000's)

    

WAEP

    

life

    

(in millions)

 

Outstanding at January 1, 2019

28,438

$

24.47

1,818

$

27.22

 

Granted

 

5,604

$

10.49

 

26

$

18.03

Exercised

 

(449)

$

15.43

 

$

Forfeited/Cancelled

 

(10,345)

$

24.46

 

$

Outstanding at December 31, 2019

 

23,248

$

21.28

 

4.1

years

$

4

 

1,844

$

27.09

 

3.1

years

$

Exercisable at December 31, 2019

 

13,200

$

23.74

 

3.1

years

$

4

 

1,844

$

27.09

 

3.1

years

$