Liberty Interactive Corporation

Liberty Interactive Corporation owns interests in subsidiaries and other companies that are primarily engaged in the video and digital commerce industries. Those interests are attributed to two tracking stock groups: the QVC Group (formerly referred to as the Liberty Interactive Group) and the Liberty Ventures Group. The QVC Group consists of Liberty Interactive Corporation's subsidiaries QVC and zulily and Liberty Interactive Corporation's interest in HSN. The Liberty Ventures Group consists of Liberty Interactive Corporation's subsidiaries Bodybuilding.com, CommerceHub, Evite, and Right Start, Liberty Interactive Corporation's interest in Expedia, minority interests in Interval Leisure Group, Time Warner Inc., Time Warner Cable, LendingTree and FTD, and various green energy investments.

The QVC Group (formerly referred to as the Liberty Interactive Group) consists of Liberty Interactive Corporation’s subsidiaries QVC and zulily and its interest in HSN.

The Liberty Ventures Group consists of Liberty Interactive Corporation’s subsidiaries Bodybuilding.com, CommerceHub, Evite, Right Start, Liberty Interactive Corporation’s interest in Expedia, minority interests in Interval Leisure Group, Time Warner Inc., Time Warner Cable, Tree.com and various green energy investments.

QVC Group (formerly referred to as the Liberty Interactive Group) trades on the NASDAQ under the symbols QVCA and QVCB.  Liberty Ventures Group trades on the NASDAQ under the symbols LVNTA and LVNTB.

The Liberty Interactive Group will now be referred to as the QVC Group after the reattribution of Liberty Interactive Corporation’s digital commerce businesses to the Liberty Ventures Group in October 2014.

Each holder of existing Series A Liberty Interactive common stock received 0.05 of a share of Series A Liberty Ventures common stock for each share of Series A Liberty Interactive common stock held.  Each holder of existing Series B Liberty Interactive common stock received 0.05 of a share of Series B Liberty Ventures common stock for each share of Series B Liberty Interactive common stock held.

Each holder of Series A Liberty Interactive common stock received 1/3 of a Series A Right for each share of Series A Liberty Ventures common stock received in the August 2012 recapitalization, and each holder of Series B Liberty Interactive common stock received 1/3 of a Series A Right for each share of Liberty Ventures common stock received in the August 2012 recapitalization.

Each Series A Right entitled the holder to (1) a basic subscription privilege to purchase one share of Series A Liberty Ventures common stock at a subscription price equal to a 20% discount to the 20 trading day volume weighted average trading price of the Series A Liberty Ventures common stock, and (2) an oversubscription privilege to purchase up to that number of shares of Series A Liberty Ventures common stock offered in the rights offering which were not purchased by the other rightsholders pursuant to their basic subscription privilege.

Shares of Series B Liberty Ventures common stock were not offered in the rights offering.

• The Series A QVC Group common stock (QVCA) has one vote per share, while the Series B QVC Group common stock (QVCB) has ten votes per share.
• The Series B QVC Group common stock is exchangeable at any time on a one-for-one basis for Series A QVC Group common stock.  The Series A QVC Group common stock is not exchangeable for Series B QVC Group common stock.
• The Series A QVC Group common stock is broadly held and actively traded; the Series B QVC Group common stock is held by a relatively small number of holders and thinly traded.

• The Series A Liberty Ventures common stock (LVNTA) has one vote per share, while the Series B Liberty Ventures common stock (LVNTB) has ten votes per share.
• The Series B Liberty Ventures common stock is exchangeable at any time on a one-for-one basis for Series A Liberty Ventures common stock.  The Series A Liberty Ventures common stock is not exchangeable for Series B Liberty Ventures common stock.

The 2012 reclassification and issuance of the Liberty Interactive Group and Liberty Ventures Group tracking stocks were structured not to be taxable to Liberty Interactive Corporation stockholders.

Liberty Media Corporation (formerly known as Liberty CapStarz, Inc.) (Nasdaq: LMCA/LMCB/LMCK), Discovery Holding Company (Nasdaq: DISCA/DISCB/DISCK) and Liberty Global Inc. (Nasdaq: LBTYA/LBTYB/LBTYK) are separate public companies.

Prior to the September 2011 split-off as described below, the Company, previously known as Liberty Media Corporation, was the owner of all the businesses and assets that were attributed to the Liberty Capital Group, Liberty Interactive Group and Liberty Starz Group tracking stocks.  Its common equity was publicly traded as three tracking stocks.  Those tracking stocks were intended to reflect the performance of three groups of businesses and assets:  the Liberty Capital Group, Liberty Interactive Group and Liberty Starz Group.

On May 9, 2006, shares of the Company were exchanged for shares of the Liberty Interactive Group and Liberty Capital Group tracking stocks, and the old Liberty Media Corporation Series A and Series B shares, which traded under the L and LMC.B ticker symbols, ceased trading.  Investors can no longer purchase L or LMC.B shares.
On March 3, 2008, holders of Liberty Capital Group tracking stock were issued shares of Liberty Entertainment Group tracking stock.

On November 20, 2009, holders of Liberty Entertainment Group tracking stock were issued shares of DIRECTV and Liberty Starz Group tracking stock.  Shares of Liberty Entertainment Group Series A and Series B common stock, which traded under the LMDIA and LMDIB ticker symbols, ceased trading.

On September 23, 2011, holders of the Company’s Liberty Capital Group and Liberty Starz Group tracking stocks were issued shares of the entity now known as Liberty Media Corporation in connection with the Company’s split-off of its Liberty Capital Group and Liberty Starz Group tracking stocks.  In order to accomplish this, the Company redeemed all of the outstanding shares of its Liberty Capital and Liberty Starz common stock in exchange for shares of the Liberty Capital and Liberty Starz common stock of the entity now known as Liberty Media Corporation.  Liberty Media Corporation, which was a wholly owned subsidiary of the Company at the time, was then split-off from the Company and now is a separate, publicly traded company.

The September 2011 split-off of the Liberty Capital Group and Liberty Starz Group tracking stocks from the Company was structured not to be taxable to Liberty Capital Group, Liberty Starz Group and Liberty Interactive Group stockholders.

Each holder of Liberty Entertainment Series A common stock and Liberty Entertainment Series B common stock received one share of DIRECTV Class A common stock and retained 0.10 share of Liberty Starz Series A common stock.

On November 20, 2009, shares of Liberty Entertainment, Inc. were exchanged for shares of DIRECTV and the Liberty Starz Group tracking stock and shares of the old Liberty Entertainment Series A and Series B common stock ceased trading.  Investors can no longer purchase LMDIA or LMDIB shares.

The split-off of Liberty Entertainment, Inc. and business combination with DIRECTV were structured not to be taxable to Liberty Entertainment, Inc. stockholders.

The split-off of Liberty Entertainment, Inc. and business combination with DIRECTV were structured not to be taxable to Liberty Entertainment, Inc. stockholders.

With the reclassification of the Liberty Capital Group in March 2008, each holder of Liberty Capital Series A common stock received four shares of Liberty Entertainment Series A common stock and maintained existing holdings of Liberty Capital Series A common stock.

Each holder of Liberty Capital Series B common stock received four shares of Liberty Entertainment Series B common stock and maintained existing holdings of Liberty Capital

Series B common stock.
Shares of Liberty Interactive common stock were not affected by the reclassification of the Liberty Capital common stock.

Shares of Discovery Holding Company and Liberty Global Inc. were not affected by the issuance of the Liberty Interactive Group, Liberty Entertainment Group and Liberty Capital Group tracking stocks.

The 2008 reclassification and issuance of the Liberty Interactive Group, Liberty Entertainment Group and Liberty Capital Group tracking stocks were structured not to be taxable to Liberty Interactive Corporation stockholders.

Each holder of Liberty Media Corporation Series A common stock received 0.25 of a share of Liberty Interactive Series A common stock and 0.05 of a share of Liberty Capital Series A common stock for each share of old Liberty Media Corporation Series A common stock held.  Each holder of Liberty Media Corporation Series B common stock received 0.25 of a share of Liberty Interactive Series B common stock and 0.05 of a share of Liberty Capital Series B common stock for each share of old Liberty Media Corporation Series B common stock held.

The Company has no direct stock purchase plan.  You can purchase the stocks through a broker.

The Company has never paid a cash dividend in the past and does not currently intend to pay cash dividends on any class of its stock.

Yes.   A webcast of the most recent meeting can be found on the Events& Presentations page under the Investor Relations section of our website.

The Company reports financial results within 40 days after the end of the first, second and third quarters and within 60 days after year-end.

Liberty Interactive Corporation financial statements can be found under the Financial Information page under the Investor Relations section of our website or at www.sec.gov.

You can obtain information about your account or transfer ownership of your stock by contacting the Company’s transfer agent, Computershare.  Please go to the Contact Us section of our website or call Computershare directly at either of the following numbers:  (866) 367-6355 (toll free) or (781) 575-3580.

For more information on calculating your cost basis (tax basis) please visit the Stock Cost Basis section of our website.

You can add your name to one of our distribution lists via the Contact Us section of our website, you can view the Press Releases section of our website or you can visit the Events & Presentations page under the Investor Relations section of our website.