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

Mar. 31, 2013

Weighted average assumptions used in the option pricing model

			Three Months Ended
			March 31,
			2013			2012
Assumptions
	Risk-free interest rate		---	%		1.17	%
	Expected dividend yield		---			2.73
	Expected volatility of Huntington's common stock		---			30.0
	Expected option term (years)		---			6.0

Weighted-average grant date fair value per share		$	---		$	1.27

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 periods ended March 31, 2013 and 2012:

		Three Months Ended
		March 31,
(dollar amounts in thousands)		2013		2012
Share-based compensation expense	$	8,021	$	5,303
Tax benefit		2,684		1,759

Stock option activity and related information

Huntington's stock option activity and related information for the three-month period ended March 31, 2013, 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, 2013			26,768	$	8.87
	Granted		---		---
	Exercised		(445)		5.57
	Forfeited/expired		(609)		13.52

Outstanding at March 31, 2013			25,714	$	8.82	4.2	$	26,954

Vested and expected to vest at March 31, 2013 (1)			11,929	$	6.29	5.6	$	12,859

Exercisable at March 31, 2013			12,697	$	11.40	2.9	$	12,980
(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 March 31, 2013, and activity for the three-month period ended March 31, 2013:

				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, 2013		8,484	$	6.40	694	$	6.77
	Granted	3,383		7.14	---		---
	Vested	(320)		6.58	---		---
	Forfeited	(151)		6.43	(24)		6.77
Nonvested at March 31, 2013		11,396	$	6.61	670	$	6.77