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, 2013

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,

		2013			2012			2011
Huntsman Corporation compensation cost		$	29		$	27		$	24
Huntsman International compensation cost			28			26			22

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,

		2013			2012			2011
Dividend yield			2.8	%		3.0	%		2.3	%
Expected volatility			62.5	%		65.3	%		65.6	%
Risk-free interest rate			1.0	%		1.3	%		2.8	%
Expected life of stock options granted during the period			5.6 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, 2013			10,517		$	14.52
Granted			1,239			17.87
Exercised			(1,365	)		9.65
Forfeited			(372	)		21.18

Outstanding at December 31, 2013			10,019			15.39			4.9		$	92


Exercisable at December 31, 2013			7,614			15.14			3.8			72

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			803			17.88			270			17.85
Vested			(753)	(1)		14.61			(314	)		14.57
Forfeited			(9	)		17.01			(20	)		15.60

Nonvested at December 31, 2013			1,830			15.31			574			16.03

(1): As of December 31, 2013, a total of 591,106 restricted stock units were vested, of which 74,768 vested during 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.