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

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

9 Months Ended

Sep. 30, 2011

STOCK-BASED COMPENSATION PLANS

Compensation cost from continuing operations under the Stock Incentive Plan

		Three months ended September 30,						Nine months ended September 30,

		2011			2010			2011			2010
Huntsman Corporation		$	3		$	8		$	19		$	20
Huntsman International		$	2		$	6		$	17		$	17

Assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model

		Three months ended September 30,					Nine months ended September 30,

		2011			2010		2011			2010
Dividend yield			3.6	%	NA			2.3	%		3.0	%
Expected volatility			65.0	%	NA			65.6	%		69.0	%
Risk-free interest rate			1.8	%	NA			2.8	%		3.1	%
Expected life of stock options granted during the period			6.6 years		NA			6.6 years			6.6 years

Summary of stock option activity under the Stock Incentive Plan

Option Awards		Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Term			Aggregate Intrinsic Value

		(in thousands)						(years)			(in millions)
Outstanding at January 1, 2011			10,997		$	12.28
Granted			953			17.51
Exercised			(1,247	)		2.82
Forfeited			(233	)		11.80

Outstanding at September 30, 2011			10,470			13.90			6.2		$	26

Exercisable at September 30, 2011			7,205			16.39			5.3			13

Summary of status of nonvested shares under the Stock Incentive Plan

		Equity Awards						Liability Awards

		Shares			Weighted Average Grant-Date Fair Value			Shares			Weighted Average Grant-Date Fair Value
		(in thousands)						(in thousands)
Nonvested at January 1, 2011			3,126		$	6.95			1,642		$	6.05
Granted			675			17.55			311			17.59
Vested			(1,494)	(1)		7.19			(729	)		5.55
Forfeited			(8	)		4.57			(104	)		8.06

Nonvested at September 30, 2011			2,299			9.92			1,120			9.39

(1): As of September 30, 2011, a total of 444,177 restricted stock units were vested, of which 115,045 vested during the nine months ended September 30, 2011. Only 176,327 of these shares have been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.