乐天堂fun88(中国区)官方网站

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

6 Months Ended

Jun. 30, 2013

STOCK-BASED COMPENSATION PLANS

听

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 乐天堂fun88(中国区)官方网站 International were as follows (dollars in millions):

听	听	Three months ended June听30,					听	Six months ended June听30,					听

听	听	2013		听	2012		听	2013		听	2012		听
乐天堂fun88(中国区)官方网站 Corporation compensation cost	听	$	6	听	$	5	听	$	14	听	$	15	听
乐天堂fun88(中国区)官方网站 International compensation cost	听	听	6	听	听	5	听	听	13	听	听	14	听

Assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model

听

听	听	Three months ended June听30,				听	Six months ended June听30,					听

听	听	2013		听	2012	听	2013		听	2012		听
Dividend yield	听	听	2.7	%	NA	听	听	2.8	%	听	3.0	%
Expected volatility	听	听	61.6	%	NA	听	听	62.5	%	听	65.3	%
Risk-free interest rate	听	听	1.3	%	NA	听	听	1.0	%	听	1.3	%
Expected life of stock options granted during the period	听	听	5.6听years	听	NA	听	听	5.6听years	听	听	6.6听years	听

Summary of stock option activity under the Stock Incentive Plan

听

听

Option Awards	听	Shares		听	Weighted Average Exercise Price		听	Weighted Average Remaining Contractual Term		听	Aggregate Intrinsic Value		听

听	听	(in thousands)		听	听		听	(years)		听	(in millions)		听
Outstanding at January听1, 2013	听	听	10,517	听	$	14.52	听	听	听	听	听	听	听
Granted	听	听	1,232	听	听	17.87	听	听	听	听	听	听	听
Exercised	听	听	(751	)	听	4.34	听	听	听	听	听	听	听
Forfeited	听	听	(362	)	听	21.31	听	听	听	听	听	听	听
听	听	听		听	听	听	听	听	听	听	听	听	听
Outstanding at June听30, 2013	听	听	10,636	听	听	15.43	听	听	5.3	听	$	36	听
听	听	听		听	听	听	听	听	听	听	听	听	听
Exercisable at June听30, 2013	听	听	8,224	听	听	15.21	听	听	4.2	听	听	34	听
听	听	听		听	听	听	听	听	听	听	听	听	听

Summary of status of nonvested shares under the Stock Incentive Plan

听

听

听	听	Equity Awards					听	Liability Awards					听

听	听	Shares		听	Weighted Average Grant-Date Fair Value		听	Shares		听	Weighted Average Grant-Date Fair Value		听
听	听	(in thousands)		听	听		听	(in thousands)		听	听		听
Nonvested at January听1, 2013	听	听	1,789	听	$	13.87	听	听	638	听	$	14.50	听
Granted	听	听	804	听	听	17.88	听	听	268	听	听	17.85	听
Vested	听	听	(743	)(1)	听	14.67	听	听	(314	)	听	14.57	听
Forfeited	听	听	(6	)	听	17.65	听	听	(7	)	听	15.32	听
听	听	听		听	听	听	听	听		听	听	听	听
Nonvested at June听30, 2013	听	听	1,844	听	听	15.28	听	听	585	听	听	16.02	听
听	听	听		听	听	听	听	听		听	听	听	听

(1): As of June听30, 2013, a total of 569,279 restricted stock units were vested, of which 52,941 vested during the six months ended June听30, 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.