Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

 

 

 

 

Volatility

 

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

%  

2016 grants

    

    

    

    

    

 

Qurate Retail options

 

27.4

%  

-

27.4

%  

Liberty Ventures options

 

30.6

%  

-

30.6

%  

 

Schedule of Share-based Compensation, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2018

 

32,361

 

$

23.48

 

 

 

 

 

 

 

1,643

 

$
27.16

 

 

 

 

 

 

 

Granted

 

4,768

 

$

26.78

 

 

 

 

 

 

 

175

 

$

27.77

 

 

 

 

 

 

 

Exercised

 

(4,269)

 

$

16.47

 

 

 

 

 

 

 

 —

 

$

 —

 

 

 

 

 

 

 

Forfeited/Cancelled

 

(4,422)

 

$

27.43

 

 

 

 

 

 

 

 —

 

$

 —

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

28,438

 

$

24.47

 

3.6

years

 

$

23

 

1,818

 

$
27.22

 

4.0

years

 

$

 —

 

Exercisable at December 31, 2018

 

17,371

 

$

23.80

 

2.6

years

 

$

20

 

1,495

 

$

26.65

 

4.2

years

 

$

 —

 

 

Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years ended December 31,

 

 

 

2018

 

2017

 

2016

 

 

 

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 employees (1)

 

2,924

 

$

8.76

 

3,115

 

$

7.86

 

2,860

 

$

7.84

 

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

 

336

 

$

8.65

 

483

 

$

7.86

 

433

 

$

7.57

 

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

 

859

 

$

8.77

 

NA

 

 

NA

 

NA

 

 

NA

 

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

 

72

 

$

7.31

 

518

 

$

7.81

 

421

 

$

8.02

 

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

 

577

 

$

7.09

 

NA

 

 

NA

 

NA

 

 

NA

 

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

 

175

 

$

8.84

 

154

 

$

7.92

 

730

 

$

7.47

 

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

 

NA

 

$

NA

 

188

 

$

16.52

 

114

 

$

12.25

 

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

 

143

 

$

16.55

 

269

 

$

15.41

 

209

 

$

12.48

 

(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)

Vests 50% on each of December 15, 2019 and 2020. 

Grants in 2018, 2017 and 2016 cliff vested at the end of their respective grant year. Grants were made in connection with his employment agreement (see note 11).

Liberty Ventures common stock  
Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liberty Ventures

 

 

 

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, 2018

 

1,670

 

$

47.12

 

 

 

 

 

 

 

1,080

 

$

56.38

 

 

 

 

 

 

 

Granted

 

 —

 

$

 —

 

 

 

 

 

 

 

143

 

$

54.01

 

 

 

 

 

 

 

Exercised

 

(2)

 

$

18.41

 

 

 

 

 

 

 

 —

 

$

 —

 

 

 

 

 

 

 

Forfeited/Cancelled

 

 —

 

$

 —

 

 

 

 

 

 

 

 —

 

$

 —

 

 

 

 

 

 

 

GCI Liberty Split-Off

 

(1,668)

 

$

47.15

 

 

 

 

 

 

 

(1,223)

 

$

56.10

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 —

 

$

 —

 

 —

years

 

$

 —

 

 —

 

$

 —

 

 —

years

 

$

 —