QVC Group, Inc. Annual report pursuant to Section 13 and 15(d)

Stock-Based Awards (Tables)

12 Months Ended

Dec. 31, 2014

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



	Year Ended December 31,
	2014			2013			2012
Selling and marketing	$	4,736		$	3,793		$	3,515
General and administrative	10,870			10,250			15,541
Stock-based compensation expense before income taxes	15,606			14,043			19,056
Income tax benefit	(5,685		)	(4,835		)	(6,494		)
Stock-based compensation expense after income taxes	$	9,921		$	9,208		$	12,562

A summary of the status of the nonvested RSUs, as of December 31, 2014 and changes during the year ended December 31, 2014 is as follows:



	Number of RSUs		Weighted Average Grant Date Fair Value
Nonvested at January 1, 2014	623,709		$	40.25
Granted	238,620		55.06
Vested	(191,106	)	29.18
Forfeited	(69,644	)	47.62
Nonvested at December 31, 2014	601,579		48.88

A summary of the status of the outstanding stock options and SARs as of December 31, 2014 is as follows:



	Number of options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2014	2,580,889		$	34.15
Granted	423,579		55.05
Exercised	(650,740	)	24.34
Forfeited	(39,528	)	54.70
Expired	(17,520	)	17.63
Outstanding at December 31, 2014 (1)	2,296,680		40.54		5.3	$	81,429,314
Vested and expected to vest at December 31, 2014	2,223,860		40.04		5.2	$	79,976,327
Exercisable at December 31, 2014	1,598,089		35.07		3.9	$	65,406,938


(1)	Approximately 0.3 million stock options outstanding as of December 31, 2014 were held by employees of the other Spincos.

The weighted average assumptions used in the Black-Scholes option pricing model are as follows:

The following table summarizes the information about stock options and SARs outstanding and exercisable as of December 31, 2014:



	Outstanding				Exercisable
	Number Outstanding at December 31, 2014	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Number Exercisable at December 31, 2014	Weighted Average Exercise Price
$0.00 to $9.99	96,094	$	5.65	4.0	96,094	$	5.65
$10.00 to $19.99	136,836	17.74		3.7	136,836	17.74
$20.00 to $29.99	57,320	29.72		6.1	57,320	29.72
$30.00 to $39.99	959,121	34.92		3.9	848,201	34.82
$40.00 to $49.99	370,555	44.71		3.6	370,555	44.71
$50.00 to $59.99	676,754	56.72		8.7	89,083	59.19
	2,296,680				1,598,089

The following are the weighted average assumptions used in the valuation of the ESPP options for the years ended December 31, 2014 and 2013: