Annual report pursuant to Section 13 and 15(d)

Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)

v3.8.0.1
Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options activity
A summary of the activity of the Liberty Incentive Plan with respect to the QVCA Options granted to QVC employees and officers as of and during the year ended December 31, 2017 is presented below:
 
Options

Weighted
average
exercise
price

Aggregate
intrinsic
value
(000s)

Weighted average remaining
life
(years)
Outstanding at January 1, 2017
12,536,399

$
22.80

$
16,511

4.2
Granted
3,114,919

23.69

 
 
Transferred from zulily (1)
12,860

24.13

 
 
Exercised
(2,857,069
)
16.74

 
 
Forfeited
(954,641
)
26.58

 
 
Outstanding at December 31, 2017
11,852,468

24.19

19,663

4.5
Exercisable at December 31, 2017
5,424,770

22.74

17,572

3.5
(1) During year ended December 31, 2017, employees were transferred to QVC from zulily and are now employed by QVC. The row represents employees' previous grants prior to being a QVC employee.
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, 2017 is presented below:
 
Options

Weighted average exercise
price

Aggregate intrinsic
value (000s)

Weighted average remaining
life (years)

Outstanding at January 1, 2017
302,467

$
16.69

$
6,104

1.2

Granted
—

—

 
 
Exercised
(302,467
)
16.69

 
 
Forfeited
—

—

 
 
Outstanding at December 31, 2017
—

—

—

—

Exercisable at December 31, 2017
—

—

—

—

Schedule of stock options valuation assumptions
During the years ended December 31, 2017, 2016 and 2015, the fair value of each QVCA Option was determined as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
2017

2016

2015

Expected volatility
30.3
%
27.4
%
39.7
%
Expected term (years)
5.9

6.1

5.9

Risk free interest rate
2.1
%
1.6
%
1.7
%
Expected dividend yield
—

—

—

Schedule of restricted stock activity
A summary of the activity of the Liberty Incentive Plan with respect to the QVCA restricted shares granted to QVC employees and officers as of and during the year ended December 31, 2017 is presented below:
Restricted shares

Weighted average
grant date fair value

Outstanding at January 1, 2017
907,826

$
26.65

Granted
677,376

22.49

Transferred from zulily (1)
21,630

25.16

Vested
(391,330
)
25.98

Forfeited
(127,526
)
25.72

Outstanding at December 31, 2017
1,087,976

24.38

(1) During year ended December 31, 2017, employees were transferred to QVC from zulily and are now employed by QVC. The row represents employees' previous grants prior to being a QVC employee.
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, 2017 is presented below:
Restricted shares

Weighted
average
grant date fair value

Outstanding at January 1, 2017
13,892

$
46.57

Granted
—

—

Vested
(9,153
)
44.14

Forfeited
(678
)
50.01

Outstanding at December 31, 2017
4,061

51.47