Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

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

 The compensation cost from continuing operations under the Stock Incentive Plan for our Company and Huntsman International were as follows (dollars in millions):

 
  Year ended December 31,  
 
  2012   2011   2010  

Huntsman Corporation compensation cost

  $ 27   $ 24   $ 27  

Huntsman International compensation cost

    26     22     24  

       

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,  
 
  2012   2011   2010  

Dividend yield

    3.0 %   2.3 %   3.0 %

Expected volatility

    65.3 %   65.6 %   69.0 %

Risk-free interest rate

    1.3 %   2.8 %   3.1 %

Expected life of stock options granted during the period

    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

    (902 )   3.37              

Forfeited

    (289 )   19.48              
                         

Outstanding at December 31, 2012

    10,517     14.52     5.4   $ 42  
                         

Exercisable at December 31, 2012

    8,390     14.56     4.5     39  
                         

        

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

    (1,402 )(1)   7.09     (760 )   6.53  

Forfeited

    (30 )   15.27     (85 )   15.16  
                   

Nonvested at December 31, 2012

    1,789     13.87     638     14.50  
                   

(1)
As of December 31, 2012, a total of 516,338 restricted stock units were vested, of which 72,161 vested during 2012. Only 176,327 of these shares have 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.