Huntsman CORP — Director's Dealing 2011

May 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Huntsman CORP (HUN)
CIK: 0001307954
Period of Report: 2011-05-09

Reporting Person: Gerrard Ronald W (Sr. VP, EHS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-09	Common Stock	M	50000	$2.59	Acquired	96622	Direct
2011-05-09	Common Stock	M	2959	$7.72	Acquired	99581	Direct
2011-05-09	Common Stock	S	99581	$20.6202	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-09	Option (Right to Buy)	$2.59	M	50000	Disposed	2019-03-02	Common Stock (50000)	Direct
2011-05-09	Option (Right to Buy)	$7.72	M	2959	Disposed	2019-09-02	Common Stock (2959)	Direct

Footnotes

F1: The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by this reporting person March 23, 2011.

F2: The price reported in Column 4 with respect to the shares sold on May 09, 2011 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.45 to $20.85 per share. The Reporting Person has provided to the Issuer, and undertakes to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in Footnote (2) to this Form 4.

F3: This option vested as to 25,000 shares on March 2, 2010, 25,000 shares on March 2, 2011 and will vest with respect to the remaining 25,000 shares on March 2, 2012.

F4: This option vested as to 2,959 shares on September 2, 2010 and will vest with respect to 2,958 shares on September 2, 2011 and 2,959 shares on September 2, 2012.