Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v2.4.0.8
STOCK-BASED COMPENSATION PLANS (Tables)
 9 Months Ended
Sep. 30, 2014
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
September 30,		   Nine months
ended
September 30,		  
 
   2014   2013   2014   2013  

Huntsman Corporation compensation cost

   $ 6   $ 7   $ 22   $ 21  

Huntsman International compensation cost

     6     7     21     20  
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,		  
 
   2014   2013   2014   2013  

Dividend yield

   N/A     2.9 %   2.4 %   2.8 %

Expected volatility

   N/A     60.9 %   60.3 %   62.5 %

Risk-free interest rate

   N/A     1.8 %   1.7 %   1.0 %

Expected life of stock options granted during the period

   N/A     5.6 years     5.7 years     5.6 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, 2014

     10,019   $ 15.39              

Granted

     1,116     21.22              

Exercised

     (1,648 )   19.22              

Forfeited

     (49 )   17.64              
                         
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at September 30, 2014

     9,438     15.39     5.1   $ 100  
                         
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                         

Exercisable at September 30, 2014

     7,103     14.33     4.0     83  
                         
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                         
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, 2014

     1,830   $ 15.31     574   $ 16.03  

Granted

     730     21.22     237     21.22  

Vested

     (723 )(1)   16.08     (284 )   15.98  

Forfeited

     (17 )   18.27     (24 )   16.59  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Nonvested at September 30, 2014

     1,820     17.35     503     18.48  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(1)
As of September 30, 2014, a total of 388,299 restricted stock units were vested but not yet issued, of which 44,534 vested during the nine months ended September 30, 2014. 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.