Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2011

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 in the three-month and nine-month periods ended September 30, 2011 and 2010.

			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2011			2010			2011			2010
Assumptions
	Risk-free interest rate		1.97	%		2.14	%		1.97	%		2.31	%
	Expected dividend yield		2.64			0.63			2.62			0.67
	Expected volatility of Huntington's common stock		30.0			32.5			30.0			38.6
	Expected option term (years)		6.0			6.0			6.0			6.0

Weighted-average grant date fair value per share		$	1.40		$	2.05		$	1.41		$	2.21

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 nine-month periods ended September 30, 2011 and 2010:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(dollar amounts in thousands)		2011		2010		2011		2010
Share-based compensation expense	$	6,463	$	4,525	$	13,986	$	11,413
Tax benefit		2,182		1,584		4,815		3,995

Stock option activity and related information

Huntington's stock option activity and related information for the nine-month period ended September 30, 2011, 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, 2011			21,862	$	15.96
	Granted		10,625		6.03
	Exercised		(99)		4.06
	Forfeited/expired		(4,756)		19.02

Outstanding at September 30, 2011			27,632	$	11.65	4.3	$	1,614

Vested and expected to vest at September 30, 2011 (1)			26,327	$	11.94	4.2	$	1,583

Exercisable at September 30, 2011			14,160	$	17.15	2.3	$	959
(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 restricted stock awards as of September 30, 2011, and activity for the nine-month period ended September 30, 2011:

					Weighted-			Weighted-
					Average			Average
			Restricted		Grant Date	Restricted		Grant Date
			Stock		Fair Value	Stock		Fair Value
(amounts in thousands, except per share amounts)			Units		Per Share	Awards (1)		Per Share
	Nonvested at January 1, 2011		5,511	$	5.78	466	$	5.24
	Granted		3,775		6.27	---		---
	Vested		(963)		5.97	(428)		5.43
	Forfeited		(258)		6.33	(13)		3.11
Nonvested at September 30, 2011			8,065	$	5.97	25	$	3.11

(1)		Includes restricted stock awards granted under the Second Amended and Restated 2007 Stock and Long-Term Incentive Plan to certain executives as a portion of their annual base salary. These awards are 100% vested as of the grant date and are not subject to any requirement of future service. However, the shares are subject to restrictions regarding sale, transfer, pledge, or disposition until certain conditions are met. All awards vested in the 2011 second quarter.