Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Share Based Compensation (Tables)

Share Based Compensation (Tables)

3 Months Ended

Jun. 30, 2012

Weighted average assumptions used in the option pricing model

The following table illustrates the weighted-average assumptions used in the option-pricing model for options granted for the three-month and six-month periods ended June 30, 2012 and 2011.

			Three Months Ended						Six Months Ended
			June 30,						June 30,
			2012			2011			2012			2011
Assumptions
	Risk-free interest rate		1.10	%		2.20	%		1.10	%		2.35	%
	Expected dividend yield		2.36			0.61			2.37			0.59
	Expected volatility of Huntington's common stock		35.0			30.0			34.9			31.3
	Expected option term (years)		6.0			6.0			6.0			6.0

Weighted-average grant date fair value per share		$	1.80		$	2.05		$	1.79		$	2.20

Share based compensation expense and related tax benefit

The following table illustrates total share-based compensation expense and related tax benefit for the three-month and six-month periods ended June 30, 2012 and 2011:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(dollar amounts in thousands)		2012		2011		2012		2011
Share-based compensation expense	$	7,517	$	3,898	$	12,820	$	7,523
Tax benefit		2,501		1,364		4,261		2,633

Stock option activity and related information

Huntington's stock option activity and related information for the six-month period ended June 30, 2012, was as follows:

						Weighted-
					Weighted-	Average
					Average	Remaining		Aggregate
					Exercise	Contractual		Intrinsic
(amounts in thousands, except years and per share amounts)			Options		Price	Life (Years)		Value

Outstanding at January 1, 2012			27,205	$	11.47
	Granted		5,512		6.74
	Exercised		(190)		4.06
	Forfeited/expired		(1,234)		13.67

Outstanding at June 30, 2012			31,293	$	10.59	4.3	$	10,294

Vested and expected to vest at June 30, 2012 (1)			29,963	$	10.70	4.2	$	9,952

Exercisable at June 30, 2012			12,935	$	16.72	1.8	$	3,630
(1)		The number of options expected to vest includes an estimate of expected forfeitures.

Summary of restricted stock units and restricted stock awards

The following table summarizes the status of Huntington's restricted stock units and performance share awards as of June 30, 2012, and activity for the six-month period ended June 30, 2012:

				Weighted-			Weighted-
				Average			Average
		Restricted		Grant Date	Performance		Grant Date
		Stock		Fair Value	Share		Fair Value
(amounts in thousands, except per share amounts)		Units		Per Share	Awards		Per Share
Nonvested at January 1, 2012		7,591	$	6.09	---	$	---
	Granted	2,791		6.70	694		6.77
	Vested	(290)		6.86	---		---
	Forfeited	(120)		6.28	---		---
Nonvested at June 30, 2012		9,972	$	6.23	694	$	6.77