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

Stock-Based Awards (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016			2015
Selling and marketing	$	1,808		$	1,554
General and administrative	3,568			3,103
Stock-based compensation expense before income taxes	5,376			4,657
Income tax benefit	(1,876		)	(1,651		)
Stock-based compensation expense after income taxes	$	3,500		$	3,006

A summary of the stock-based awards granted during the three months ended March 31, 2016 is as follows:



	Three Months Ended March 31, 2016
	Number of Awards Granted	Weighted Average per Share Fair Value
Stock appreciation rights	928,990	$7.31
Restricted stock units	225,271	$44.89
Performance share units	92,290	$54.06
Employee stock purchase plan options	29,965	$12.18
Dividend equivalents due to quarterly dividend	5,724	-

The weighted average assumptions used in the valuation of each for the three months ended March 31, 2016 are as follows:



	Three Months Ended March 31, 2016
	Stock Appreciation Rights		Employee Stock Purchase Plan Options		Performance Share Units
Volatility factor	26.3	%	34.4	%	25.2	%
Risk-free interest rate	1.23	%	0.49	%	0.89	%
Expected term	4.5		0.5		2.9
Dividend yield	3.1	%	2.8	%	0.0	%