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)

3 Months Ended

Mar. 31, 2015

Compensation cost from continuing operations under the Stock Incentive Plan

The compensation cost from continuing operations under the Stock Incentive Plan for our Company and Huntsman International were as follows (dollars in millions):

	Three months ended March 31,
	2015		2014
Huntsman Corporation compensation cost	$	9	$	8
Huntsman International compensation cost		8		7

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 March 31,
	2015			2014
Dividend yield		2.2	%		2.4	%
Expected volatility		58.0	%		60.3	%
Risk-free interest rate		1.4	%		1.7	%
Expected life of stock options granted during the period		5.9 years			5.7 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, 2015		8,781		$	14.84
Granted		938			22.77
Exercised		(12	)		15.26
Forfeited		—			—

Outstanding at March 31, 2015		9,707			15.61		5.5	$	64


Exercisable at March 31, 2015		7,619			14.06		4.5		62

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, 2015		1,821		$	17.37		492		$	18.50
Granted		831			23.48		256			22.77
Vested		(743)	(1)		17.26		(258	)		17.09
Forfeited		(3	)		19.96		—			—

Nonvested at March 31, 2015		1,906			17.03		490			21.47

(1)

As of March 31, 2015, a total of 423,873 restricted stock units were vested but not yet issued, of which 35,574 vested during the three months ended March 31, 2015. These shares have not 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.