Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v2.4.0.6
STOCK-BASED COMPENSATION PLAN (Tables)
 12 Months Ended
Dec. 31, 2011
STOCK-BASED COMPENSATION PLAN  
Compensation cost from continuing operations under the Stock Incentive Plan

 

 

 
   Year ended December 31,  
 
   2011   2010   2009  

Huntsman Corporation
compensation cost

   $ 24   $ 27   $ 20  

Huntsman International
compensation cost

     22     24     16  
Assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model

 

 

 
   Year ended December 31,  
 
   2011   2010   2009  

Dividend yield

     2.3 %   3.0 %   15.4 %

Expected volatility

     65.6 %   69.0 %   70.4 %

Risk-free interest rate

     2.8 %   3.1 %   2.5 %

Expected life of stock options granted during the period

     6.6 years     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

     (1,268 )   2.82              

Forfeited

     (337 )   15.14              
                         

Outstanding at December 31, 2011

     10,345     13.83     5.9   $ 27  
                         

Exercisable at December 31, 2011

     7,089     16.34     5.0     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

     (1,500) (1)   7.20     (729 )   5.55  

Forfeited

     (14 )   4.98     (124 )   7.99  
                       

Nonvested at December 31, 2011

     2,287     9.92     1,100     9.42  
                       
(1)
As of December 31, 2011, a total of 444,177 restricted stock units were vested, of which 115,045 vested during 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.