乐天堂fun88(中国区)官方网站 Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2017

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Schedule of compensation cost from continuing operations under the Stock Incentive Plan

The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and 乐天堂fun88(中国区)官方网站 International were as follows (dollars in millions):

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听	听	听	听	听	听	听
听	听	Three months
听	听	ended
听	听	March听31,听
听	听听听听	2017		听听听听	2016
乐天堂fun88(中国区)官方网站 Corporation compensation cost	听听听听	$	10	听	$	听8
乐天堂fun88(中国区)官方网站 International compensation cost	听	听	听9	听	听	听7

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

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听	听	听	听	听	听	听	听
听	听	听	Three months
听	听	听	ended
听	听	听	March听31,听
听	听听听听	听	2017	听听听听	听	2016	听
Dividend yield	听	听	2.4	%听听	5.6		%听听
Expected volatility	听	听	56.9	%听听	57.9		%听听
Risk-free interest rate	听	听	2.0	%听听	1.4		%听听
Expected life of stock options granted during the period	听	听	5.9	听years	5.9		听years

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Summary of stock option activity under the Stock Incentive Plan

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听	听	听	听	听	听	听	听	听	听	听
听	听	听	听	听	听	听	Weighted	听	听	听
听	听	听	听	Weighted		听	Average	听	听	听
听	听	听	听	Average		听	Remaining	听	Aggregate
听	听	听	听	Exercise		听	Contractual	听	Intrinsic
Option Awards	听听听听	Shares	听听听听	Price		听听听听	Term	听听听听	Value
听	听	(in听thousands)	听	听	听	听	(years)	听	(in听millions)
Outstanding at January听1, 2017	听听听听	11,245	听	$	13.37	听	听	听	听	听
Granted	听	989	听	听	21.01	听	听	听	听	听
Exercised	听	(1,633)	听	听	18.65	听	听	听	听	听
Forfeited	听	(40)	听	听	19.30	听	听	听	听	听
Outstanding at March听31,听2017	听	10,561	听	听	13.25	听	6.3	听	$	119
Exercisable at March听31,听2017	听	7,258	听	听	12.94	听	5.0	听	听	84

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Summary of status of nonvested shares

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听	听	听	听	听	听	听	听	听	听	听
听	听	Equity听Awards				听	Liability听Awards
听	听	听	听	Weighted		听	听	听	Weighted
听	听	听	听	Average		听	听	听	Average
听	听	听	听	Grant-听Date		听	听	听	Grant-Date
听	听听听听	Shares	听听听听	Fair听Value		听听听听	Shares	听听听听	Fair听Value
听	听	(in听thousands)	听	听	听	听	(in听thousands)	听	听	听
Nonvested at January听1, 2017	听	2,996	听	$	13.36	听	912	听	$	12.27
Granted	听	772	听	听	22.58	听	285	听	听	21.01
Vested	听	(903)	(1)听听	听	16.23	听	(363)	听	听	14.06
Forfeited	听	(3)	听	听	20.94	听	(17)	听	听	11.40
Nonvested at March听31,听2017	听	2,862	听	听	14.94	听	817	听	听	14.55

(1)

As of March 31, 2017, a total of 480,604 restricted stock units were vested but not yet issued, of which 25,704 vested during the three months ended March 31, 2017. 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.