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, 2017

Schedule of compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior 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,
	2017		2016			2015
Huntsman Corporation compensation cost	$	36	$	32	$	29
Huntsman International compensation cost		35		31		28

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,
	2017		2016		2015
Dividend yield	2.4	%	5.6	%	2.3	%
Expected volatility	56.9	%	57.9	%	57.6	%
Risk-free interest rate	2.0	%	1.4	%	1.4	%
Expected life of stock options granted during the period	5.9	years	5.9	years	5.9	years

Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior 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		(3,772)		13.90
Forfeited		(65)		17.67
Converted to Venator awards		(417)		5.00
Outstanding at December 31, 2017		7,988		13.99		6.0	$	154
Exercisable at December 31, 2017		5,403		14.05		4.9		104

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		(1,052)	(1)		16.11		(372)		14.11
Forfeited		(29)			15.61		(36)		12.22
Converted to Venator awards		(237)			11.81		(93)		13.72
Nonvested at December 31, 2017		2,457			14.93		696		14.69

(1)

As of December 31, 2017, a total of 460,750 restricted stock units were vested but not yet issued, of which 25,704 vested during 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.