For the Years ended December 31,

2017

2016

2015

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Options Granted (000's)

Weighted Average GDFV

Series A QVC Group common stock, QVC employees (1)

3,115

$

7.86

2,860

$

7.84

2,002

$

11.87

Series A QVC Group common stock, zulily employees (1)

483

$

7.86

433

$

7.57

264

$

9.84

Series A QVC Group common stock, Liberty employees and directors (2)

518

$

7.81

421

$

8.02

2,459

$

11.63

Series A QVC Group common stock, QVC CEO (3)

NA

NA

NA

NA

1,680

$

10.40

Series B QVC Group common stock, Liberty CEO (4)

154

$

7.92

730

$

7.47

132

$

10.10

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

188

$

16.52

114

$

12.25

683

$

18.10

Series B Ventures Group common stock, Liberty CEO (4)

269

$

15.41

209

$

12.48

135

$

16.94

(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 31, 2019 and 2020.  Grant was made in connection with a new compensation arrangement.

QVC Group

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, 2017

29,585

$

20.80

1,489

$

HSNi Acquisition

3,635

$

26.22

 —

$

 —

Granted

4,116

$

23.82

154

$

23.87

Exercised

(3,611)

$

16.34

 —

$

 —

Forfeited/Cancelled

(1,364)

$

27.23

 —

$

 —

Option Exchange, Exercised

(5,931)

$

17.76

 —

$

 —

Option Exchange, Granted

5,931

$

25.74

 —

$

 —

Outstanding at December 31, 2017

32,361

$

23.48

4.0

years

$

86

1,643

$

4.8

years

$

 —

Exercisable at December 31, 2017

20,286

$

22.66

3.2

years

$

71

997

$

25.40

4.3

years

$

 —

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, 2017

1,974

$

22.18

987

$

35.02

Granted

188

$

55.42

269

$

52.39

Exercised

(451)

$

16.69

 —

$

 —

Forfeited/Cancelled

(12)

$

38.50

 —

$

 —

Option Exchange, Exercised

(975)

$

20.99

(1,256)

$

38.74

Option Exchange, Granted

946

$

55.96

1,080

$

56.38

Outstanding at December 31, 2017

1,670

$

47.12

2.6

years

$

14

1,080

$

56.38

4.7

years

$

 —

Exercisable at December 31, 2017

1,273

$

47.45

2.0

years

$

10

443

$

56.38

2.0

years

$

 —