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)

6 Months Ended

Jun. 30, 2015

STOCK-BASED COMPENSATION PLANS

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 June 30,						Six months ended June 30,
		2015			2014			2015			2014
Huntsman Corporation compensation cost		$	8		$	8		$	17		$	16
Huntsman International compensation cost			8			8			16			15

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 June 30,						Six months ended June 30,
		2015			2014			2015			2014
Dividend yield			N/A			N/A			2.2	%		2.4	%
Expected volatility			N/A			N/A			58.0	%		60.3	%
Risk-free interest rate			N/A			N/A			1.4	%		1.7	%
Expected life of stock options granted during the period			N/A			N/A			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			(49	)		16.43
Forfeited			—			—

Outstanding at June 30, 2015			9,670			15.60			5.2		$	63


Exercisable at June 30, 2015			7,596			14.06			4.2			61

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			(749)	(1)		17.27			(258	)		17.09
Forfeited			(6	)		20.60			(6	)		20.69

Nonvested at June 30, 2015			1,897			17.02			484			21.48


(1)	As of June 30, 2015, a total of 423,873 restricted stock units were vested but not yet issued, of which 35,574 vested during the six months ended June 30, 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.