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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

STOCK-BASED COMPENSATION

Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:
Three Months Ended March 31,		2018		2017
Dividend Yield		1.5	%	1.7	%
Expected Stock Price Volatility		14.2	%	15.8	%
Risk-free Interest Rate		2.8	%	2.2	%
Expected Life of Option (years)		6.6		6.7

Summary of option activity

		Stock Awards Plans						Director Stock Option Plans
					Weighted Average					Weighted Average
			Options		Exercise Price			Options		Exercise Price
Outstanding, January 1, 2018			8,059,319		$	61.67		214,967		$	57.44
Granted			603,901			88.39		—			—
Exercised			(613,913)			52.73		(44,000)			53.35
Forfeited or expired			(26,738)			63.13		—			—
Outstanding at March 31, 2018			8,022,569		$	64.36		170,967		$	58.49
Exercisable at March 31, 2018			5,935,087		$	59.55		170,967		$	58.49
Weighted-Average Remaining Contractual Term (Years):
Outstanding at March 31, 2018			6.4					4.9
Exercisable at March 31, 2018			5.5					4.9
Aggregate Intrinsic Value:
Outstanding at March 31, 2018		$	204,336				$	5,358
Exercisable at March 31, 2018		$	179,720				$	5,358
Intrinsic Value of Options Exercised During the Three Months Ended:
March 31, 2018		$	22,804				$	1,608
March 31, 2017		$	15,289				$	—

Weighted-average assumptions used to estimate fair value of restricted stock units

Three Months Ended March 31,			2018
Fair value per stock award		$	128.70
Grant date stock price		$	89.42
Assumptions:
Aptar's stock price expected volatility			12.30	%
Expected average volatility of peer companies			27.50	%
Correlation assumption			20.20	%
Risk-free interest rate			2.42	%
Dividend yield assumption			1.43	%

Summary of restricted stock unit activity

		Time-Based RSUs					Performance-Based RSUs
				Weighted Average					Weighted Average
		Units		Grant-Date Fair Value			Units		Grant-Date Fair Value
Nonvested at January 1,  2018		124,067		$	74.65		—		$	—
Granted		80,067			89.42		80,843			111.55
Vested		(14,281)			71.72		—			—
Nonvested at March 31, 2018		189,853		$	81.10		80,843		$	111.55

Included in the March 31, 2018 time-based RSUs are 14,793 units awarded to non-employee directors.  There were no grants or vesting activity for non-employee director awards.

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of restricted stock units, including, but not limited to: (a) expected term of restricted stock units and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Name Accounting Standards Codification
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-Name Accounting Standards Codification
-Topic 718
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