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)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Selling and marketing	$	1,472		$	1,135		$	4,624		$	3,424
General and administrative	2,917			2,746			9,190			8,267
Stock-based compensation expense before income taxes	4,389			3,881			13,814			11,691
Income tax benefit	(1,539		)	(1,401		)	(4,897		)	(4,224		)
Stock-based compensation expense after income taxes	$	2,850		$	2,480		$	8,917		$	7,467

Summary of Stock-Based Awards Granted

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



	Nine Months Ended September 30, 2015
	Number of Awards Granted	Weighted Average per Share Fair Value
Stock appreciation rights	508,420	$13.65
Restricted stock units	230,118	$66.22
Employee stock purchase plan options	40,239	$15.07
Stock appreciation rights and stock options due to special dividend	343,485	-
Restricted stock unit dividend equivalents due to special dividend and quarterly dividends	102,053	-
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 nine months ended September 30, 2015 are as follows:



	Nine Months Ended September 30, 2015
	Stock Appreciation Rights		Employee Stock Purchase Plan Options
Volatility factor	29.2	%	21.8	%
Risk-free interest rate	1.49	%	0.12	%
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 anti-dilution provisions of the special cash dividend) as of September 30, 2015:



	Outstanding				Exercisable
	Number Outstanding at September 30, 2015	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Number Exercisable at September 30, 2015	Weighted Average Exercise Price
$0.00 to $9.99	106,698	$	4.92	3.2	106,698	$	4.92
$10.00 to $19.99	70,701	15.56		3.2	70,701	15.56
$20.00 to $29.99	57,541	25.86		5.4	57,541	25.86
$30.00 to $39.99	609,562	36.54		3.8	609,562	36.54
$40.00 to $49.99	398,520	47.73		8.2	126,164	47.73
$50.00 to $59.99	300,174	51.57		7.3	190,246	51.57
$60.00 to $69.99	470,422	65.24		9.4	—	—
	2,013,618				1,160,912