Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2012
Share-based Compensation [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table presents the range of volatilities used by Liberty in the Black-Scholes Model for the 2012, 2011 and 2010 Liberty Interactive and Liberty Ventures grants.
 
 
Volatility
2012 grants
 
 
 
 
Liberty Interactive options
28.2
%
-
47.51
%
 
Liberty Ventures options
47.5
%
-
49.94
%
2011 grants
 
 
 
 
Liberty Interactive options
44.8
%
-
47.51
%
2010 grants
 
 
 
 
Liberty Interactive options
44.8
%
-
46.4
%
Table Presents The Number And Weighted Average Exercise Price (WAEP) Of Certain Options And SARs To Purchase Common Stock Granted To Certain Officers, Employees And Directors Of The Company
The following table presents the number and weighted average exercise price ("WAEP") of the Awards to purchase Liberty Interactive and Liberty Ventures common stock granted to certain officers, employees and directors of the Company. In connection with the recapitalization, in August 2012, all outstanding option awards and SARs with respect to the then-existing Series A and Series B Liberty Interactive common stock (each an "original Liberty Interactive award") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the equity awards were granted, such that a holder of an original Liberty Interactive award received (i) an adjustment to the exercise price or base price, as applicable, and number of shares relating to the original Liberty Interactive award (as so adjusted, an "adjusted Liberty Interactive award") and (ii) an equity award relating to shares of the corresponding series of Liberty Ventures common stock (a "new Liberty Ventures award"). The exercise prices and number of shares subject to the new Liberty Ventures award and the adjusted Liberty Interactive award were determined based on 1) the exercises prices and number of shares subject to the original Liberty Interactive award, 2) the distribution ratio of 0.05, 3) the pre-distribution trading price of the Liberty Interactive common stock and 4) the post-distribution trading prices of the Liberty Interactive common stock and Liberty Ventures common stock, such that substantially all of the pre-distribution intrinsic value of the original Liberty Interactive award was allocated between the new Liberty Ventures award and the adjusted Liberty Interactive award for the Company's corporate employees and directors. For employees of subsidiaries attributed to the Liberty Interactive Group, the pre-distribution intrinsic value of the original Liberty Interactive award was maintained solely within the adjusted Liberty Interactive award.
 
Liberty Interactive
 
Series A
 
WAEP
 
Series B
 
WAEP
 
Number of Options in thousands
Outstanding at January 1, 2012
45,223

 
$
12.06

 
450

 
$
19.74

Granted
3,413

 
$
18.85

 
—

 
$
—

Exercised
(9,853
)
 
$
9.64

 
—

 
$
—

Forfeited/Cancelled/Exchanged
(737
)
 
$
14.44

 
—

 
$
—

Liberty Ventures adjustment
413

 
$
8.39

 
(18
)
 
$
17.92

Option Exchange, Exercised
(24,706
)
 
$
10.93

 
—

 
$
—

Option Exchange, Granted
20,086

 
$
19.26

 
—

 
$
—

Outstanding at December 31, 2012
33,839

 
$
16.92

 
432

 
$
17.92

Exercisable at December 31, 2012
12,929

 
$
15.56

 
432

 
$
17.92



 
Liberty Ventures
 
Series A
 
WAEP
 
Series B
 
WAEP
 
Number of Options in thousands
Outstanding at January 1, 2012
—

 
$
—

 
—

 
—

Granted
36

 
$
58.49

 
—

 
—

Exercised
(181
)
 
$
30.91

 
—

 
—

Forfeited/Cancelled/Exchanged
(19
)
 
$
34.05

 
—

 
—

Liberty Ventures adjustment
1,588

 
$
30.69

 
22

 
$
46.69

   Option Exchange, Exercised
(1,174
)
 
$
27.96

 
—

 
—

   Option Exchange, Granted
905

 
$
58.80

 
—

 
—

Outstanding at December 31, 2012
1,155

 
$
56.26

 
22

 
$
46.69

Exercisable at December 31, 2012
449

 
$
52.91

 
22

 
$
46.69

Schedule Of Outstanding Options To Purchase Liberty Common Stock
The following table provides additional information about outstanding Awards to purchase Liberty common stock at December 31, 2012.
 
No. of
outstanding
Awards (000's)
 
WAEP of
outstanding
Awards
 
Weighted
average
remaining
life
 
Aggregate
intrinsic
value
(000's)
 
No. of
exercisable
Awards
(000's)
 
WAEP of
exercisable
Awards
 
Weighted
average
remaining
life
 
Aggregate
intrinsic
value
(000's)
Series A Liberty Interactive
33,839

 
$
16.92

 
5.7 years
 
$
97,886

 
12,929

 
$
15.56

 
4.5 years
 
$
57,484

Series B Liberty Interactive
432

 
$
17.92

 
2.7 years
 
$
225

 
432

 
$
17.92

 
2.7 years
 
$
225

Series A Liberty Ventures
1,155

 
$
56.26

 
6.0 years
 
$
13,326

 
449

 
$
52.91

 
4.6 years
 
$
6,710

Series B Liberty Ventures
22

 
$
46.69

 
2.7 years
 
$
58

 
22

 
$
46.69

 
2.7 years
 
$
58