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, 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 September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Huntsman Corporation compensation cost	$	4	$	6	$	21	$	22
Huntsman International compensation cost		4		6		20		21

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,
	2015			2014		2015			2014
Dividend yield		3.3	%		N/A		2.3	%		2.4	%
Expected volatility		56.7	%		N/A		57.9	%		60.3	%
Risk-free interest rate		1.7	%		N/A		1.4	%		1.7	%
Expected life of stock options granted during the period		5.9 years			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		999			22.32
Exercised		(49	)		16.43
Forfeited		(43	)		21.20

Outstanding at September 30, 2015		9,688			15.58		5.0	$	13


Exercisable at September 30, 2015		7,599			14.06		3.9		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, 2015		1,821		$	17.37		492		$	18.50
Granted		855			23.25		256			22.77
Vested		(779	)(1)		17.30		(259	)		17.09
Forfeited		(39	)		22.07		(10	)		21.27

Nonvested at September 30, 2015		1,858			19.99		479			21.48

(1)

As of September 30, 2015, a total of 393,952 restricted stock units were vested but not yet issued, of which 29,645 vested during the nine months ended September 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. This table does reflect 29,921 vested restricted stock units for which shares of common stock were issued in 2015.