Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of compensation cost from continuing operations under the Stock Incentive Plan

The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions):

	Year ended December 31,
	2016		2015		2014
Huntsman Corporation compensation cost	$	34	$	30	$	28
Huntsman International compensation cost		33		29		27

Schedule of 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,
	2016	2015	2014
Dividend yield	5.6%	2.3%	2.4%
Expected volatility	57.9%	57.6%	60.3%
Risk-free interest rate	1.4%	1.4%	1.7%
Expected life of stock options granted during the period	5.9 years	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, 2016		9,544		$	15.51
Granted		3,024			9.04
Exercised		(148	)		12.65
Forfeited		(1,175	)		19.70

Outstanding at December 31, 2016		11,245			13.37		5.5	$	71


Exercisable at December 31, 2016		7,339			14.02		3.7		42

Summary of status of nonvested shares

	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, 2016		1,854		$	19.97		475		$	21.37
Granted		1,889			9.28		715			9.09
Vested		(671)	(1)		19.74		(243	)		20.18
Forfeited		(76	)		16.42		(35	)		15.74

Nonvested at December 31, 2016		2,996			13.36		912			12.27


(1)	As of December 31, 2016, a total of 454,900 restricted stock units were vested but not yet issued, of which 60,948 vested during 2016. 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.