Annual report pursuant to Section 13 and 15(d)

Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)

v3.19.3.a.u2
Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of stock options activity
A summary of the activity of the Liberty Incentive Plan with respect to the QRTEA Options granted to QVC employees and officers as of and during the year ended December 31, 2019 is presented below:
 
Options

Weighted
average
exercise
price

Aggregate
intrinsic
value
(000s)

Weighted average remaining
life
(years)
Outstanding as of January 1, 2019
14,653,589

$
24.46

$
8,353

4.4
Granted
2,217,707

12.59

 
 
Exercised
(335,581
)
16.34

 
 
Forfeited
(3,491,762
)
21.35

 
 
Outstanding as of December 31, 2019
13,043,953

23.49

N/A

4.0
Exercisable as of December 31, 2019
7,636,365

25.05

N/A

3.2
Schedule of stock options valuation assumptions
During the years ended December 31, 2019, 2018 and 2017, the fair value of each QRTEA Option was determined as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

2019

2018

2017

Expected volatility
30.1
%
29.7
%
30.3
%
Expected term (years)
5.7

5.2

5.9

Risk free interest rate
2.2
%
2.7
%
2.1
%
Expected dividend yield



Schedule of restricted stock activity
A summary of the activity of the Liberty Incentive Plan with respect to the QRTEA restricted shares granted to QVC employees and officers as of and during the year ended December 31, 2019 is presented below:

Restricted shares

Weighted average
grant date fair value

Outstanding as of January 1, 2019
1,599,293

$
25.42

Granted
1,844,889

16.83

Vested
(598,233
)
25.95

Forfeited
(344,814
)
21.81

Outstanding as of December 31, 2019
2,501,135

19.45