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)

6 Months Ended

Jun. 30, 2015

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Selling and marketing	$	1,598		$	1,096		$	3,152		$	2,289
General and administrative	3,170			2,688			6,272			5,521
Stock-based compensation expense before income taxes	4,768			3,784			9,424			7,810
Income tax benefit	(1,707		)	(1,386		)	(3,358		)	(2,822		)
Stock-based compensation expense after income taxes	$	3,061		$	2,398		$	6,066		$	4,988

Summary of Stock-Based Awards Granted

A summary of the stock-based awards granted during the six months ended June 30, 2015 is as follows:



	Six Months Ended June 30, 2015
	Number of Awards Granted	Weighted Average per Share Fair Value
Stock appreciation rights	508,420	$13.65
Restricted stock units	215,712	$66.18
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 dividends	97,979	-
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 six months ended June 30, 2015 are as follows:



	Six Months Ended June 30, 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 June 30, 2015:



	Outstanding				Exercisable
	Number Outstanding at June 30, 2015	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Number Exercisable at June 30, 2015	Weighted Average Exercise Price
$0.00 to $9.99	106,698	$	4.92	3.5	106,698	$	4.92
$10.00 to $19.99	79,253	15.46		3.3	79,253	15.46
$20.00 to $29.99	57,541	25.86		5.6	57,541	25.86
$30.00 to $39.99	866,090	35.06		4.6	866,090	35.06
$40.00 to $49.99	415,433	47.73		8.6	126,164	47.73
$50.00 to $59.99	304,242	51.57		7.7	182,798	51.58
$60.00 to $69.99	494,943	65.24		9.6	—	—
	2,324,200				1,418,544