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, 2015

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,
	2015			2014
Selling and marketing	$	1,554		$	1,193
General and administrative	3,103			2,833
Stock-based compensation expense before income taxes	4,657			4,026
Income tax benefit	(1,651		)	(1,436		)
Stock-based compensation expense after income taxes	$	3,006		$	2,590

Summary of Stock-Based Awards Granted

A summary of the stock-based awards granted during the three months ended March 31, 2015 is as follows:



	Three Months Ended March 31, 2015
	Number of Awards Granted	Weighted Average per Share Fair Value
Stock appreciation rights	508,420	$13.65
Restricted stock units	168,510	$65.81
Employee stock purchase plan options	18,428	$15.45
Stock appreciation rights and stock options due to special dividend	343,485	-
Restricted stock unit dividend equivalents due to special dividend and quarterly dividend	94,351	-
Market stock units related to special dividend	15,078	-

Weighted Average Assumptions Used In Black-Scholes Option Pricing Model

The weighted average assumptions used in the valuation of each for the three months ended March 31, 2015 are as follows:



	Three Months Ended March 31, 2015
	Stock Appreciation Rights		Employee Stock Purchase Plan Options
Volatility factor	29.2	%	21.1	%
Risk-free interest rate	1.49	%	0.11	%
Expected term	4.4		0.5
Dividend yield	2.2	%	1.9	%

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes the information about stock options and stock appreciation rights outstanding and exercisable (after giving effect to the special cash dividend) as of March 31, 2015:



	Outstanding				Exercisable
	Number Outstanding at March 31, 2015	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Number Exercisable at March 31, 2015	Weighted Average Exercise Price
$0.00 to $9.99	110,525	$	4.92	3.7	110,525	$	4.92
$10.00 to $19.99	136,476	15.62		3.6	136,476	15.62
$20.00 to $29.99	442,407	28.85		1.4	442,407	28.85
$30.00 to $39.99	1,042,977	34.63		4.7	1,036,087	34.64
$40.00 to $49.99	430,238	47.73		8.9	129,400	47.73
$50.00 to $59.99	312,883	51.57		8.0	188,557	51.58
$60.00 to $69.99	508,420	65.24		9.9	—	—
	2,983,926				2,043,452

- 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.

+ References + Details