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 PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2019

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Schedule of compensation cost 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 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 ended March听31,听
听	听听听听	2019		听	2018
乐天堂fun88(中国区)官方网站 Corporation compensation cost	听听听听	$	听8	听	$	听8
乐天堂fun88(中国区)官方网站 International compensation cost	听	听	听7	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

听	听	听	听	听	听	听	听
听	听	听	Three months ended March听31,听
听	听听听听	听	2019		听	2018
Dividend yield	听	听	2.9	%	听	1.5	%
Expected volatility	听	听	54.0	%	听	55.2	%
Risk-free interest rate	听	听	2.5	%	听	2.6	%
Expected life of stock options granted during the period	听	听	5.9	years	听	5.9	years

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

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Weighted

听

Weighted

听

Average

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Average

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Remaining

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Aggregate

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Exercise

听

Contractual

听

Intrinsic

Option Awards

听听听听

Price

听听听听

Term

听听听听

Value

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(in听thousands)

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(years)

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(in听millions)

Outstanding at January听1, 2019

听听听听

听

4,545

听

17.81

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Granted

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896

听

22.66

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Exercised

听

(87)

听

9.79

听

Forfeited

听

(25)

听

25.56

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Outstanding at March听31,听2019

听

5,329

听

18.72

听

6.9

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Exercisable at March听31,听2019

听

3,855

听

16.51

听

6.0

听

Summary of status of nonvested shares

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Equity听Awards

听

Liability听Awards

听

Weighted

听

Weighted

听

Average

听

Average

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Grant-听Date

听

Grant-Date

听

听听听听

Fair听Value

听听听听

Fair听Value

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(in听thousands)

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(in听thousands)

听

Nonvested at January听1, 2019

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1,923

听

19.08

听

504

听

20.66

Granted

听

699

听

24.65

听

252

听

22.66

Vested

听

(956)

(1)(2)

听

13.49

听

(306)

听

16.32

Forfeited

听

(12)

听

25.75

听

(4)

听

24.36

Nonvested at March听31,听2019

听

1,654

听

24.61

听

446

听

24.74

(1)

As of March 31, 2019, a total of 389,095 restricted stock units were vested but not yet issued, of which 30,486 vested during the three months ended March 31 2019. 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.

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(2)

A total of 412,246 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2018. During the three months ended March 31, 2019, an additional 357,006 performance share unit awards with a grant date fair value of $10.22 vested above the target in accordance the performance criteria of these awards.