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)

9 Months Ended

Sep. 30, 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				Nine months ended
	ended				ended
	September 30,				September 30,
	2017		2016		2017		2016
Huntsman Corporation compensation cost	$	8	$	7	$	25	$	23
Huntsman International compensation cost		8		7		24		22

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					Nine months ended
	ended					ended
	September 30,					September 30,
	2017		2016			2017			2016
Dividend yield		NA		3.3	%		2.4	%		5.6	%
Expected volatility		NA		57.6	%		56.9	%		57.9	%
Risk-free interest rate		NA		1.1	%		2.0	%		1.4	%
Expected life of stock options granted during the period		NA		5.9	years		5.9	years		5.9	years

During the three months ended September 30, 2017, no stock options were granted.

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		997		21.04
Exercised		(2,118)		17.59
Forfeited		(59)		17.39
Converted to Venator awards		(417)		5.00
Outstanding at September 30, 2017		9,648		13.17		5.7	$	137
Exercisable at September 30, 2017		6,822		12.88		4.6		99

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		779			22.60		285		21.01
Vested		(937)	(1)		16.30		(370)		14.11
Forfeited		(21)			15.23		(32)		12.37
Converted to Venator awards		(237)			11.81		(93)		13.72
Nonvested at September 30, 2017		2,580			14.92		702		14.66

(1)

As of September 30, 2017, a total of 460,750 restricted stock units were vested but not yet issued, of which 25,704 vested during the nine months ended September 30, 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.