ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v3.8.0.1
STOCK-BASED COMPENSATION PLAN (Tables)
9 Months Ended
Sep. 30, 2017
STOCK-BASED COMPENSATION PLAN Ìý
Schedule of compensation cost from continuing operations under the Stock Incentive Plan

Ìý

The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International were as follows (dollars in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Three months ended

Ìý

Nine months ended

Ìý

Ìý

ended

Ìý

ended

Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation compensation cost

ÌýÌýÌýÌý

$

Ìý8

Ìý

$

Ìý7

Ìý

$

25

Ìý

$

23

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International compensation cost

Ìý

Ìý

Ìý8

Ìý

Ìý

Ìý7

Ìý

Ìý

24

Ìý

Ìý

22

Ìý

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

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Three months ended

Ìý

Nine months ended

Ìý

Ìý

Ìý

ended

Ìý

ended

Ìý

Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

Ìý

Dividend yield

Ìý

Ìý

NA

Ìý

Ìý

3.3

%ÌýÌý

Ìý

2.4

%ÌýÌý

Ìý

5.6

%ÌýÌý

Expected volatility

Ìý

Ìý

NA

Ìý

Ìý

57.6

%ÌýÌý

Ìý

56.9

%ÌýÌý

Ìý

57.9

%ÌýÌý

Risk-free interest rate

Ìý

Ìý

NA

Ìý

Ìý

1.1

%ÌýÌý

Ìý

2.0

%ÌýÌý

Ìý

1.4

%ÌýÌý

Expected life of stock options granted during the period

Ìý

Ìý

NA

Ìý

Ìý

5.9

Ìýyears

Ìý

5.9

Ìýyears

Ìý

5.9

Ìýyears

Ìý

During the three months ended September 30, 2017, no stock options were granted.

Ìý

Summary of stock option activity under the Stock Incentive Plan

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Weighted

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Weighted

Ìý

Average

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Average

Ìý

Remaining

Ìý

Aggregate

Ìý

Ìý

Ìý

Ìý

Ìý

Exercise

Ìý

Contractual

Ìý

Intrinsic

Option Awards

ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

Price

ÌýÌýÌýÌý

Term

ÌýÌýÌýÌý

Value

Ìý

Ìý

(inÌýthousands)

Ìý

Ìý

Ìý

Ìý

(years)

Ìý

(inÌýmillions)

Outstanding at JanuaryÌý1, 2017

ÌýÌýÌýÌý

Ìý

11,245

Ìý

$

13.37

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Granted

Ìý

Ìý

997

Ìý

Ìý

21.04

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Exercised

Ìý

Ìý

(2,118)

Ìý

Ìý

17.59

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Forfeited

Ìý

Ìý

(59)

Ìý

Ìý

17.39

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Converted to Venator awards

Ìý

Ìý

(417)

Ìý

Ìý

5.00

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Outstanding at SeptemberÌý30,Ìý2017

Ìý

Ìý

9,648

Ìý

Ìý

13.17

Ìý

Ìý

5.7

Ìý

$

137

Exercisable at SeptemberÌý30,Ìý2017

Ìý

Ìý

6,822

Ìý

Ìý

12.88

Ìý

Ìý

4.6

Ìý

Ìý

99

Ìý

Summary of status of nonvested shares

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

EquityÌýAwards

Ìý

LiabilityÌýAwards

Ìý

Ìý

Ìý

Ìý

Ìý

Weighted

Ìý

Ìý

Ìý

Ìý

Weighted

Ìý

Ìý

Ìý

Ìý

Ìý

Average

Ìý

Ìý

Ìý

Ìý

Average

Ìý

Ìý

Ìý

Ìý

Ìý

Grant-ÌýDate

Ìý

Ìý

Ìý

Ìý

Grant-Date

Ìý

ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

FairÌýValue

ÌýÌýÌýÌý

Shares

ÌýÌýÌýÌý

FairÌýValue

Ìý

Ìý

(inÌýthousands)

Ìý

Ìý

Ìý

Ìý

(inÌýthousands)

Ìý

Ìý

Ìý

Nonvested at JanuaryÌý1, 2017

Ìý

Ìý

2,996

Ìý

$

13.36

Ìý

Ìý

912

Ìý

$

12.27

Granted

Ìý

Ìý

779

Ìý

Ìý

22.60

Ìý

Ìý

285

Ìý

Ìý

21.01

Vested

Ìý

Ìý

(937)

(1)ÌýÌý

Ìý

16.30

Ìý

Ìý

(370)

Ìý

Ìý

14.11

Forfeited

Ìý

Ìý

(21)

Ìý

Ìý

15.23

Ìý

Ìý

(32)

Ìý

Ìý

12.37

Converted to Venator awards

Ìý

Ìý

(237)

Ìý

Ìý

11.81

Ìý

Ìý

(93)

Ìý

Ìý

13.72

Nonvested at SeptemberÌý30,Ìý2017

Ìý

Ìý

2,580

Ìý

Ìý

14.92

Ìý

Ìý

702

Ìý

Ìý

14.66


(1)

As of September 30, 2017, a total of 460,750 restricted stock units were vested but not yet issued, of which 25,704 vested during the nine months ended September 30, 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.