Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2017

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):


	Three months
	ended
	March 31,
	2017		2016
Huntsman Corporation compensation cost	$	10	$	8
Huntsman International compensation cost		9		7

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


	Three months
	ended
	March 31,
	2017			2016
Dividend yield	2.4	%	5.6		%
Expected volatility	56.9	%	57.9		%
Risk-free interest rate	2.0	%	1.4		%
Expected life of stock options granted during the period	5.9	years	5.9		years

Summary of stock option activity under the Stock Incentive Plan


				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
		Exercise		Contractual	Intrinsic
Option Awards	Shares	Price		Term	Value
	(in thousands)			(years)	(in millions)
Outstanding at January 1, 2017	11,245	$	13.37
Granted	989		21.01
Exercised	(1,633)		18.65
Forfeited	(40)		19.30
Outstanding at March 31, 2017	10,561		13.25	6.3	$	119
Exercisable at March 31, 2017	7,258		12.94	5.0		84

Summary of status of nonvested shares


	Equity Awards				Liability Awards
			Weighted			Weighted
			Average			Average
			Grant- Date			Grant-Date
	Shares		Fair Value		Shares	Fair Value
	(in thousands)				(in thousands)
Nonvested at January 1, 2017	2,996		$	13.36	912	$	12.27
Granted	772			22.58	285		21.01
Vested	(903)	(1)		16.23	(363)		14.06
Forfeited	(3)			20.94	(17)		11.40
Nonvested at March 31, 2017	2,862			14.94	817		14.55

(1)

As of March 31, 2017, a total of 480,604 restricted stock units were vested but not yet issued, of which 25,704 vested during the three months ended March 31, 2017. 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.