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, 2013

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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 March听31,					听

听	听	2013		听	2012		听
乐天堂fun88(中国区)官方网站 Corporation compensation cost	听	$	8	听	$	10	听
乐天堂fun88(中国区)官方网站 International compensation cost	听	听	7	听	听	9	听

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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	Three months ended March听31,					听

听	听	2013		听	2012		听
Dividend yield	听	听	2.8	%	听	3.0	%
Expected volatility	听	听	62.6	%	听	65.3	%
Risk-free interest rate	听	听	1.0	%	听	1.3	%
Expected life of stock options granted during the period	听	听	5.6听years	听	听	6.6听years	听

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Summary of stock option activity under the Stock Incentive Plan

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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	1,190	听	听	17.85	听	听	听	听	听	听	听
Exercised	听	听	(638	)	听	4.26	听	听	听	听	听	听	听
Forfeited	听	听	(102	)	听	20.93	听	听	听	听	听	听	听
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Outstanding at March听31, 2013	听	听	10,967	听	听	15.42	听	听	5.6	听	$	48	听
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Exercisable at March听31, 2013	听	听	8,579	听	听	15.27	听	听	4.5	听	听	42	听
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Summary of status of nonvested shares under the Stock Incentive Plan

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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	774	听	听	17.85	听	听	268	听	听	17.85	听
Vested	听	听	(732)	(1)	听	14.61	听	听	(314	)	听	14.57	听
Forfeited	听	听	鈥�	听	听	鈥�	听	听	鈥�	听	听	鈥�	听
听	听	听		听	听	听	听	听		听	听	听	听
Nonvested at March听31, 2013	听	听	1,831	听	听	15.26	听	听	592	听	听	15.88	听
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(1): As of March听31, 2013, a total of 569,279 restricted stock units were vested, of which 52,941 vested during the three months ended March听31, 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.

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