QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Awards (Tables)

Stock-Based Awards (Tables)

3 Months Ended

Mar. 31, 2013

Stock-based compensation expense is included in the following line items in the accompanying consolidated statements of operations (in thousands):



	Three Months Ended March 31,
	2013			2012
Selling and marketing	$	962		$	1,182
General and administrative	2,747			4,818
Stock-based compensation expense before income taxes	3,709			6,000
Income tax provision (benefit)	(1,306		)	(2,126		)
Stock-based compensation expense after income taxes	$	2,403		$	3,874

Summary of Stock-Based Awards Granted

A summary of the stock-based awards granted during the three months ended March 31, 2013 is as follows:



	Three Months Ended March 31, 2013
	Number of Awards Granted	Weighted Average per Share Fair Value
Stock appreciation rights	335,999	$22.62
Restricted stock units	158,977	$59.27
Employee stock purchase plan options	22,232	$11.32

Weighted Average Assumptions Used In Black-Scholes Option Pricing Model

The weighted average assumptions used in the Black-Scholes option pricing model for the three months ended March 31, 2013 are as follows:



	Three Months Ended March 31, 2013
	Stock Appreciation Rights		Employee Stock Purchase Plan Options
Volatility factor	49.1	%	19.4	%
Risk-free interest rate	0.85	%	0.12	%
Expected term	4.8		0.5
Dividend yield	1.2	%	1.3	%

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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