SHARE-BASED COMPENSATION (TABLES)

12 Months Ended

Dec. 31, 2015

Assumptions used to estimate fair value of stock options

	December 31,
Assumptions:	2015			2014			2013
Expected option term (in years)		5.87			6.02			6.00
Expected dividend yield		1.67	%		1.51	%		1.45	%
Expected volatility		27.47	%		40.91	%		43.23	%
Risk-free interest rate		1.73	%		1.84	%		1.01	%

Summary of stock option activity

A summary of option activity under the plans for the year ended December 31, 2015 is presented below (Aggregate intrinsic values in U.S. dollar millions):

Options	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2015		4,533,492		$	73.70
Granted		868,825			81.61
Exercised		(455,612	)		64.48
Forfeited or expired		(151,034	)		85.37

Outstanding at December 31, 2015		4,795,671		$	75.64		6.01	$	7


Exercisable at December 31, 2015		3,249,937		$	73.58		4.78	$	7

Summary of restricted stock unit activity

Restricted Stock Units	Shares			Weighted-Average Grant-Date Fair Value
Restricted stock units at January 1, 2015(1)		1,149,538		$	74.49
Granted		499,961			81.97
Vested/issued(2)		(250,656	)		72.07
Forfeited/cancelled(2)		(238,215	)		70.32

Restricted stock units at December 31, 2015(1)		1,160,628		$	79.16

(1)Excludes accrued unvested dividends, which are payable in shares upon vesting of Bunge's common shares.

(2)During the year ended December 31, 2015, Bunge issued 499,961 common shares, net of common shares withheld to cover taxes, including related common shares representing accrued dividends, with a weighted-average fair value of $81.83 per share. During the year ended December 31, 2015, Bunge canceled approximately 205,351 shares related to performance-based restricted stock unit awards that did not vest due to non-achievement of performance targets and performance-based restricted stock unit awards that were withheld to cover payment of employee related taxes.