º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock-Based Compensation Ìý
Schedule of number and weighted average GDFV of option granted

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For the Years ended December 31,

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2019

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2018

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2017

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Options Granted (000's)

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Weighted Average GDFV

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Options Granted (000's)

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Weighted Average GDFV

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Options Granted (000's)

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Weighted Average GDFV

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Series A º¬Ð߲ݴ«Ã½ common stock, QVC and HSN employees (1)

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2,503

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$

4.07

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3,783

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$

8.77

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3,115

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$

7.86

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Series A º¬Ð߲ݴ«Ã½ common stock, Zulily employees (1)

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328

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$

4.08

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336

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$

8.65

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483

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$

7.86

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Series A º¬Ð߲ݴ«Ã½ common stock, º¬Ð߲ݴ«Ã½ employees and directors (2)

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639

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$

3.97

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72

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$

7.31

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518

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$

7.81

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Series A º¬Ð߲ݴ«Ã½ common stock, º¬Ð߲ݴ«Ã½ President and CEO (3)

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NA

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NA

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577

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$

7.09

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NA

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NA

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Series A º¬Ð߲ݴ«Ã½ common stock, º¬Ð߲ݴ«Ã½ Chairman of the Board (4)

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2,134

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$

3.44

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NA

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NA

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NA

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NA

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Series B º¬Ð߲ݴ«Ã½ common stock, º¬Ð߲ݴ«Ã½ Chairman of the Board (4)

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26

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$

5.84

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175

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$

8.84

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154

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$

7.92

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Series A Ventures Group common stock, º¬Ð߲ݴ«Ã½ employees and directors (2)

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NA

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NA

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NA

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NA

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188

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$

16.52

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Series B Ventures Group common stock, º¬Ð߲ݴ«Ã½ Chairman of the Board (4)

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NA

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NA

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143

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$

16.55

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269

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$

15.41

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(1) Mainly vests semi-annually over four years.
(2) Mainly vests between three and five years for employees and in one year for directors.
(3) 50% vested on December 15, 2019, and 50% vests on December 15, 2020. Ìý
(4) The grant made in March 2019 vested immediately, and the grant made in December 2019 in connection with the Chairman’s new employment agreement cliff vests in December 2023. Grants in 2018 and 2017 cliff vested at the end of their respective grant year. Grants were made in connection with his new and previous employment agreement (see notes 1 and 12).
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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Volatility

Ìý

2019 grants

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

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º¬Ð߲ݴ«Ã½ options

Ìý

30.1

%ÌýÌý

-

44.8

%ÌýÌý

2018 grants

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

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º¬Ð߲ݴ«Ã½ options

Ìý

29.7

%ÌýÌý

-

30.5

%ÌýÌý

Liberty Ventures options

Ìý

27.9

%ÌýÌý

-

27.9

%ÌýÌý

2017 grants

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

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º¬Ð߲ݴ«Ã½ options

Ìý

26.9

%ÌýÌý

-

32.7

%ÌýÌý

Liberty Ventures options

Ìý

25.9

%ÌýÌý

-

28.9

%ÌýÌý

Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards

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º¬Ð߲ݴ«Ã½

Ìý

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SeriesÌýA

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SeriesÌýB

Ìý

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Weighted

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Aggregate

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Weighted

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Aggregate

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average

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Ìýintrinsic

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average

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Ìýintrinsic

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Awards

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remaining

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value

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Awards

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remaining

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value

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ÌýÌýÌýÌý

(000's)

ÌýÌýÌýÌý

WAEP

ÌýÌýÌýÌý

life

ÌýÌýÌýÌý

(in millions)

ÌýÌýÌýÌý

(000's)

ÌýÌýÌýÌý

WAEP

ÌýÌýÌýÌý

life

ÌýÌýÌýÌý

(in millions)

Ìý

Outstanding at JanuaryÌý1, 2019

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28,438

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$

24.47

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1,818

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$

27.22

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Ìý

Granted

Ìý

5,604

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$

10.49

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Ìý

26

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$

18.03

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Exercised

Ìý

(449)

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$

15.43

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Ìý

—

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$

—

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Forfeited/Cancelled

Ìý

(10,345)

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$

24.46

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Ìý

—

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$

—

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Outstanding at December 31, 2019

Ìý

23,248

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$

21.28

Ìý

4.1

years

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$

4

Ìý

1,844

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$

27.09

Ìý

3.1

years

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$

—

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Exercisable at December 31, 2019

Ìý

13,200

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$

23.74

Ìý

3.1

years

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$

4

Ìý

1,844

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$

27.09

Ìý

3.1

years

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$

—

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