Huntsman Corporation Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 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 was as follows (dollars in millions):

	Year ended December 31,
	2015		2014		2013
Compensation cost	$	29	$	27	$	28

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,
	2015			2014			2013
Dividend yield		2.3	%		2.4	%		2.8	%
Expected volatility		57.6	%		60.3	%		62.5	%
Risk-free interest rate		1.4	%		1.7	%		1.0	%
Expected life of stock options granted during the period		5.9 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, 2015		8,781		$	14.84
Granted		1,011			22.21
Exercised		(49	)		16.43
Forfeited		(199	)		19.70

Outstanding at December 31, 2015		9,544			15.51		4.8	$	17


Exercisable at December 31, 2015		7,449			13.95		3.7		17

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		261			22.60
Vested		(779	)(1)		17.30		(259	)		17.09
Forfeited		(43	)		21.37		(19	)		21.22

Nonvested at December 31, 2015		1,854			19.97		475			21.37

(1)

As of December 31, 2015, a total of 393,952 restricted stock units were vested but not yet issued, of which 29,645 vested during 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.