Annual report pursuant to Section 13 and 15(d)

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

v3.10.0.1
Stock Options and Other Share-Based Awards Stock Options and Other Share- Based Awards (Tables)
 12 Months Ended
Dec. 31, 2018
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 QRTEA Options granted to QVC employees and officers as of and during the year ended December 31, 2018 is presented below:
 
Options

Weighted
average
exercise
price

Aggregate
intrinsic
value
(000s)

Weighted average remaining
life
(years)
Outstanding at January 1, 2018
14,872,849

$
24.53

$
25,290

5.1
Granted
4,016,618

26.77

 
 
Transferred from zulily (1)
2,785,968

16.16

 
 
Exercised
(3,045,271
)
16.60

 
 
Forfeited
(3,976,575
)
27.25

 
 
Outstanding at December 31, 2018
14,653,589

24.46

8,353

4.4
Exercisable at December 31, 2018
6,970,577

23.85

6,214

3.4
(1) During year ended December 31, 2018, 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.
Schedule of stock options valuation assumptions
During the years ended December 31, 2018, 2017 and 2016, the fair value of each QRTEA Option was determined as of the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
2018

2017

2016

Expected volatility
29.7
%
30.3
%
27.4
%
Expected term (years)
5.2

5.9

6.1

Risk free interest rate
2.7
%
2.1
%
1.6
%
Expected dividend yield
—

—

—

Schedule of restricted stock activity
A summary of the activity of the Liberty Incentive Plan with respect to the QRTEA restricted shares granted to QVC employees and officers as of and during the year ended December 31, 2018 is presented below:
Restricted shares

Weighted average
grant date fair value

Outstanding at January 1, 2018
2,393,700

$
24.49

Granted
910,559

26.23

Transferred from zulily (1)
110,550

24.02

Transferred from CBI (2)
1,818

24.42

Vested
(1,516,428
)
24.21

Forfeited
(300,906
)
26.06

Outstanding at December 31, 2018
1,599,293

25.42

(1) During year ended December 31, 2018, 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.
(2) During year ended December 31, 2018, employees were transferred to QVC from CBI 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, 2018 is presented below:
Restricted shares

Weighted
average
grant date fair value

Outstanding at January 1, 2018
4,061

$
51.47

Granted
—

—

Vested
(3,839
)
51.54

Forfeited
(222
)
50.52

Outstanding at December 31, 2018
—

—