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)

3 Months Ended

Mar. 31, 2013

STOCK-BASED COMPENSATION PLANS

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):

		Three months ended March 31,

		2013			2012
Huntsman Corporation compensation cost		$	8		$	10
Huntsman International compensation cost			7			9

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,

		2013			2012
Dividend yield			2.8	%		3.0	%
Expected volatility			62.6	%		65.3	%
Risk-free interest rate			1.0	%		1.3	%
Expected life of stock options granted during the period			5.6 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, 2013			10,517		$	14.52
Granted			1,190			17.85
Exercised			(638	)		4.26
Forfeited			(102	)		20.93

Outstanding at March 31, 2013			10,967			15.42			5.6		$	48

Exercisable at March 31, 2013			8,579			15.27			4.5			42

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, 2013			1,789		$	13.87			638		$	14.50
Granted			774			17.85			268			17.85
Vested			(732)	(1)		14.61			(314	)		14.57
Forfeited			—			—			—			—

Nonvested at March 31, 2013			1,831			15.26			592			15.88

(1): As of March 31, 2013, a total of 569,279 restricted stock units were vested, of which 52,941 vested during the three months ended March 31, 2013. 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.