Liberty Media Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Stock-Based Compensation Allocation of Expense


		Three months ended					Nine months ended
		September 30,					September 30,
		2019			2018		2019		2018
		(amounts in millions)
Cost of services:
Programming and content		$	8		3		22		21
Customer service and billing			1		1		3		3
Other			1		1		4		4
Other operating expense			15		5		37		13
Selling, general and administrative			51		36		151		104
		$	76		46		217		145

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value


	Nine Months Ended
	September 30, 2019
	Options		Weighted
	granted		average
	(000's)		GDFV
Series C Liberty SiriusXM common stock, Liberty CEO (1)	491		$	11.21
Series C Liberty Braves common stock, Liberty CEO (1)	7		$	7.62
Series C Liberty Formula One common stock, Liberty CEO (1)	226		$	9.79
Series C Liberty Formula One common stock, Formula 1 employees (2)	2,005		$	9.79

(1)

Grants mainly cliff vest on December 31, 2019. Grants were made in connection with the CEO’s employment agreement.

(2)

Grants vest monthly over one year.

Liberty Sirius XM Group

Schedule Of Outstanding Options To Purchase Liberty Common Stock


		Series A											Series C
							Weighted			Aggregate								Weighted			Aggregate
							average			intrinsic								average			intrinsic
		Liberty					remaining			value			Liberty					remaining			value
		Awards (000's)		WAEP			life			(millions)			Awards (000's)		WAEP			life			(millions)
Outstanding at January 1, 2019		1,403		$	19.84								11,495		$	28.85
Granted		—		$	—								491		$	40.53
Exercised		(197)		$	19.97								(342)		$	21.33
Forfeited/Cancelled		—		$	—								(353)		$	31.69
Outstanding at September 30, 2019		1,206		$	19.82		0.2	years		$	26		11,291		$	29.50		2.8	years		$	141
Exercisable at September 30, 2019		1,206		$	19.82		0.2	years		$	26		7,848		$	28.74		2.5	years		$	104

Schedule Of Outstanding Options To Purchase Liberty Common Stock


		Series A											Series C
							Weighted			Aggregate								Weighted			Aggregate
							average			intrinsic								average			intrinsic
		Liberty					remaining			value			Liberty					remaining			value
		Awards (000's)		WAEP			life			(millions)			Awards (000's)		WAEP			life			(millions)
Outstanding at January 1, 2019		177		$	11.44								1,276		$	16.58
Granted		—		$	—								7		$	27.73
Exercised		(53)		$	11.46								(106)		$	11.51
Forfeited/Cancelled		—		$	—								(33)		$	15.19
Outstanding at September 30, 2019		124		$	11.43		0.2	years		$	2		1,144		$	17.15		2.7	years		$	12
Exercisable at September 30, 2019		124		$	11.43		0.2	years		$	2		833		$	17.06		2.6	years		$	9

Formula One Group

Schedule Of Outstanding Options To Purchase Liberty Common Stock


		Series A											Series C
							Weighted			Aggregate								Weighted			Aggregate
							average			intrinsic								average			intrinsic
		Liberty					remaining			value			Liberty					remaining			value
		Awards (000's)		WAEP			life			(millions)			Awards (000's)		WAEP			life			(millions)
Outstanding at January 1, 2019		360		$	11.71								6,684		$	26.92
Granted		—		$	—								2,231		$	33.94
Exercised		(65)		$	11.85								(408)		$	31.35
Forfeited/Cancelled		—		$	—								(86)		$	19.26
Outstanding at September 30, 2019		295		$	11.68		0.2	years		$	8		8,421		$	28.64		4.6	years		$	109
Exercisable at September 30, 2019		295		$	11.68		0.2	years		$	8		5,983		$	28.53		4.3	years		$	78