ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

v3.8.0.1
STOCK-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2017
STOCK-BASED COMPENSATION PLAN Ìý
Schedule of compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan

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

Year ended DecemberÌý31,Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

Ìý

Ìý

2015

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

ÌýÌýÌýÌý

$

36

Ìý

$

32

Ìý

$

29

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

Ìý

Ìý

35

Ìý

Ìý

31

Ìý

Ìý

28

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

Year ended DecemberÌý31,Ìý

Ìý

ÌýÌýÌýÌý

Ìý

2017

ÌýÌýÌýÌý

2016

ÌýÌýÌýÌý

2015

Dividend yield

Ìý

Ìý

2.4

%

Ìý

5.6

%

Ìý

2.3

%

Expected volatility

Ìý

Ìý

56.9

%

Ìý

57.9

%

Ìý

57.6

%

Risk-free interest rate

Ìý

Ìý

2.0

%

Ìý

1.4

%

Ìý

1.4

%

Expected life of stock options granted during the period

Ìý

Ìý

5.9

years

Ìý

5.9

years

Ìý

5.9

years

Ìý

Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan

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

(3,772)

Ìý

Ìý

13.90

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Forfeited

Ìý

Ìý

(65)

Ìý

Ìý

17.67

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 DecemberÌý31,Ìý2017

Ìý

Ìý

7,988

Ìý

Ìý

13.99

Ìý

Ìý

6.0

Ìý

$

154

Exercisable at DecemberÌý31,Ìý2017

Ìý

Ìý

5,403

Ìý

Ìý

14.05

Ìý

Ìý

4.9

Ìý

Ìý

104

Ìý

Summary of status of nonvested shares

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

(1,052)

(1)ÌýÌý

Ìý

16.11

Ìý

Ìý

(372)

Ìý

Ìý

14.11

Forfeited

Ìý

Ìý

(29)

Ìý

Ìý

15.61

Ìý

Ìý

(36)

Ìý

Ìý

12.22

Converted to Venator awards

Ìý

Ìý

(237)

Ìý

Ìý

11.81

Ìý

Ìý

(93)

Ìý

Ìý

13.72

Nonvested at DecemberÌý31,Ìý2017

Ìý

Ìý

2,457

Ìý

Ìý

14.93

Ìý

Ìý

696

Ìý

Ìý

14.69


(1)

As of December 31, 2017, a total of 460,750Ìýrestricted stock units were vested but not yet issued, of which 25,704 vested during 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.