Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

v2.4.0.6
STOCK-BASED COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2012
STOCK-BASED COMPENSATION PLANS  
Compensation cost from continuing operations under the Stock Incentive Plan

 

 

 
   Three
months
ended
March 31, 		 
 
   2012   2011  

Huntsman Corporation compensation costs

   $ 10   $ 8  

Huntsman International compensation costs

     9     7  
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, 		 
 
   2012   2011  

Dividend yield

   3.0 % 3.3 %

Expected volatility

   65.3 % 65.6 %

Risk-free interest rate

   1.3 % 2.8 %

Expected life of stock options granted during the period

   6.6 years   6.6 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, 2012

     10,345   $ 13.83              

Granted

     1,363     13.41              

Exercised

     (432 )   3.05              

Forfeited

     (59 )   17.63              
                         

Outstanding at March 31, 2012

     11,217     14.17     6.1   $ 38  
                         

Exercisable at March 31, 2012

     9,041     14.13     5.3     37  
                         
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, 2012

     2,287   $ 9.92     1,100   $ 9.42  

Granted

     934     13.41     383     13.41  

Vested

     (1,385) (1)   7.05     (757 )   6.53  

Forfeited

     (11 )   15.30     (28 )   15.79  
                       

Nonvested at March 31, 2012

     1,825     13.86     698     14.50  
                       
(1)
As of March 31, 2012, a total of 494,512 restricted stock units were vested, of which 50,335 vested during the three months ended March 31, 2012. 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.