Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of stock options activity A summary of the activity of the Qurate Incentive Plans with respect to the QRTEA Options granted to QVC employees and officers as of and during the year ended December 31, 2020 is presented below:
Options Weighted
average
exercise
price
Aggregate
intrinsic
value
(000s)
Weighted average remaining
life
(years)
Outstanding as of January 1, 2020 13,043,953  $ 23.49 
Granted 3,694,296  4.51 
Exercised (425,673) 5.20 
Forfeited (2,837,199) 17.97 
Special Dividend anti-dilution adjustments 11,070,737  11.57 
Outstanding as of December 31, 2020 24,546,114  10.98  $ 60,652  3.9
Exercisable as of December 31, 2020 15,428,935  $ 13.89  8,462  2.9
Schedule of stock options valuation assumptions During the years ended December 31, 2020, 2019 and 2018, 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:
2020 2019 2018
Expected volatility 46.8  % 30.1  % 29.7  %
Expected term (years) 5.7 5.7 5.2
Risk free interest rate 0.7  % 2.2  % 2.7  %
Expected dividend yield —  —  — 
Schedule of restricted stock activity A summary of the activity of the Qurate Incentive Plans with respect to the QRTEA RSUs granted to QVC employees and officers as of and during the year ended December 31, 2020 is presented below:
Restricted shares
Weighted average
grant date fair value
Outstanding as of January 1, 2020 2,501,135  $ 19.45 
Granted 6,022,963  4.51 
Vested (927,850) 20.77 
Forfeited (861,259) 10.63 
Outstanding as of December 31, 2020 6,734,989  7.04