Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Stock-Based Compensation  
Schedule of number and weighted average GDFV of option granted

For the Years ended December 31,

2020

2019

2018

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 and HSN employees (1)

4,200

$

1.96

2,503

$

4.07

3,783

$

8.77

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

618

$

1.94

328

$

4.08

336

$

8.65

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

747

$

4.86

639

$

3.97

72

$

7.31

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

NA

NA

NA

NA

577

$

7.09

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

1,191

$

4.88

2,134

$

3.44

NA

NA

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

NA

NA

26

$

5.84

175

$

8.84

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

NA

NA

NA

NA

143

$

16.55

(1) Vests semi-annually over four years.
(2) Vests between two and five years for employees and in one year for directors.
(3) Vested 50% on each of December 15, 2019 and December 15, 2020.  
(4) The grants made in December 2020 and December 2019 in connection with the Chairman’s new employment agreement cliff vest in December 2024 and December 2023, respectively. The grant made in March 2019 vested immediately. The grants made in 2018 cliff vested at the end of the grant year. Grants made in 2019 and 2018 were in connection with the Chairman’s previous employment agreement (see notes 1 and 11).
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Volatility

 

2020 grants

    

    

    

    

    

Qurate Retail options

 

46.8

%  

-

54.8

%  

2019 grants

    

    

    

    

    

Qurate Retail options

 

30.1

%  

-

44.8

%  

2018 grants

    

    

    

    

    

Qurate Retail options

 

29.7

%  

-

30.5

%  

Liberty Ventures options

 

27.9

%  

-

27.9

%  

Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards

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, 2020

23,248

$

21.28

1,844

$

27.09

 

Granted

 

6,756

$

6.15

 

$

Exercised

 

(1,297)

$

2.95

 

$

Forfeited/Cancelled

 

(5,958)

$

17.12

 

$

Special Dividend adjustment

15,145

$

11.19

1,182

$

16.51

December Special Dividend adjustment

2,659

$

10.56

217

$

15.39

Outstanding at December 31, 2020

 

40,553

$

10.61

 

4.2

years

$

108

 

3,243

$

15.39

 

2.1

years

$

Exercisable at December 31, 2020

 

22,874

$

14.12

 

2.9

years

$

13

 

3,243

$

15.39

 

2.1

years

$