Registration of securities issued in business combination transactions

Stock Options and Other Share-Based Payments (Tables)

v2.4.0.8
Stock Options and Other Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2012
Stock options | LINTA
  
Stock Options and Other Share-Based Payments  
Schedule of stock option activity
A summary of the activity of the Liberty Incentive Plan with respect to the LINTA Options granted to QVC employees and officers as of and during the years ended December 31, 2012, 2011 and 2010 is presented below:
 
Options

Weighted
average
exercise
price

Aggregate
intrinsic
value
(000s)

Weighted average remaining
life
(years)

Outstanding at January 1, 2010
11,158,534

$
4.92

$
66,109

6.2

Granted
3,459,829

12.97

 
 
Exercised
(1,810,458
)
4.59

 
 
Forfeited
(434,559
)
5.86

 
 
Outstanding at December 31, 2010
12,373,346

7.18

106,270

5.4

Granted
5,883,749

15.99

 
 
Exercised
(1,759,090
)
5.41

 
 
Forfeited
(1,057,706
)
7.76

 
 
Outstanding at December 31, 2011
15,440,299

10.70

85,216

5.1

Granted
5,373,916

16.44

 
 
Exercised
(5,037,685
)
6.10

 
 
Option Exchange, granted
4,326,392

19.26

 
 
Option Exchange, exercised
(5,218,291
)
14.48

 
 
Forfeited
(142,639
)
12.85

 
 
Outstanding at December 31, 2012
14,741,992

14.53

75,897

4.6

Exercisable at December 31, 2012
5,528,824

$
11.92

$
42,899

3.8

Schedule of fair value assumptions
During the years ended December 31, 2012, 2011 and 2010, the fair value of each LINTA Option was determined as of the date of grant using the Black‑Scholes option pricing model with the following assumptions:
 
2012

2011

2010

Weighted average expected volatility
41.9
%
44.8
%
46.4
%
Expected term (years)
5.2

5.9

4.6

Risk free interest rate
0.8%

1.2%-2.5%

2.3
%
Expected dividend yield
—

—

—

Stock options | LVNTA
  
Stock Options and Other Share-Based Payments  
Schedule of stock option activity
A summary of the activity of the Liberty Incentive Plan with respect to the LVNTA Options granted to QVC employees and officers as of and during the year ended December 31, 2012 is presented below:
 
Options

Weighted average exercise
price

Aggregate intrinsic
value (000's)

Weighted average remaining
life (years)

Outstanding at January 1, 2012
—

$
—

$
—

—

Granted
328,617

36.82

 
 
Exercised
(59,967
)
17.65

 
 
Option Exchange, granted
160,639

58.80

 
 
Option Exchange, exercised
(208,683
)
36.01

 
 
Forfeited
—

—

 
 
Outstanding at December 31, 2012
220,606

58.80

1,977

4.6

Exercisable at December 31, 2012
59,967

$
58.80

$
537

3.6

Schedule of fair value assumptions
During the year ended December 31, 2012, the fair value of each LVNTA Option was determined as of the date of grant using the Black‑Scholes option pricing model with the following assumptions:
 
2012

Weighted average expected volatility
49.9
%
Expected term (years)
4.9

Risk free interest rate
0.6
%
Expected dividend yield
—

Restricted shares | LINTA
  
Stock Options and Other Share-Based Payments  
Schedule of restricted stock activity
A summary of the activity of the Liberty Incentive Plan with respect to the LINTA restricted shares granted to QVC employees and officers as of and during the years ended December 31, 2012, 2011 and 2010 is presented below:
 
Restricted Shares

Weighted average
grant date fair value

Outstanding at January 1, 2010
1,315,310

$
3.59

Granted
586,586

12.97

Lapsed
(322,077
)
3.60

Forfeited
(61,650
)
4.83

Outstanding at December 31, 2010
1,518,169

7.16

Granted
375,160

16.33

Lapsed
(443,478
)
6.39

Forfeited
(139,379
)
8.69

Outstanding at December 31, 2011
1,310,472

9.83

Granted
657,247

16.84

Lapsed
(490,150
)
8.09

Forfeited
(23,421
)
13.25

Outstanding at December 31, 2012
1,454,148

$
12.75

Restricted shares | LVNTA
  
Stock Options and Other Share-Based Payments  
Schedule of restricted stock activity
A summary of the activity of the Liberty Incentive Plan with respect to the LVNTA restricted shares granted to QVC employees and officers as of and during the year ended December 31, 2012 is presented below:
 
Restricted Shares

Weighted
Average
Grant Date Fair Value

Outstanding at January 1, 2012
—

$
—

Granted
66,350

31.72

Lapsed
(461
)
22.78

Forfeited
(347
)
36.75

Outstanding at December 31, 2012
65,542

$
31.75