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

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

9 Months Ended

Sep. 30, 2012

STOCK-BASED COMPENSATION PLANS

Compensation cost from continuing operations under the Stock Incentive Plan

		Three months ended September 30,						Nine months ended September 30,

		2012			2011			2012			2011
Huntsman Corporation compensation costs		$	6		$	3		$	21		$	19
Huntsman International compensation costs			6			2			20			17

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 September 30,					Nine months ended September 30,

		2012		2011			2012			2011
Dividend yield		NA			3.6	%		3.0	%		2.3	%
Expected volatility		NA			65.0	%		65.3	%		65.6	%
Risk-free interest rate		NA			1.8	%		1.3	%		2.8	%
Expected life of stock options granted during the period		NA			6.6 years			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			(661	)		3.25
Forfeited			(251	)		19.76

Outstanding at September 30, 2012			10,796			14.29			5.6		$	41

Exercisable at September 30, 2012			8,643			14.27			4.8			38

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			(1,395)	(1)		7.07			(760	)		6.53
Forfeited			(27	)		15.26			(63	)		15.32

Nonvested at September 30, 2012			1,799			13.86			660			14.51

(1): As of September 30, 2012, a total of 516,338 restricted stock units were vested, of which 72,161 vested during the nine months ended September 30, 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.