Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2015

The fair values at each of the balance sheet dates are summarized as follows:


(in millions)	2015		2014
Balance at January 1	$	0.1	$	0.0
Compensation charge for the period		0.1		0.1

Balance at March 31	$	0.2	$	0.1

The following assumptions were used in the Monte Carlo model at March 31:


	2015			2014
Dividend yield		1.19	%		1.11	%
Volatility of Innospec’s share price		25.91	%		36.04	%
Risk free interest rate		0.89	%		0.90	%

The following table summarizes the transactions of the Company’s stock option plans for the three months ended March 31, 2015:


	Number of Options			Weighted Average Exercise Price		Weighted Average Grant-Date Fair Value

Outstanding at December 31, 2014		728,640		$	19.55
Granted - at discount		54,717		$	0.00	$	36.18
- at market value		23,550		$	43.95	$	9.89
Exercised		(113,920	)	$	6.25
Forfeited		(3,931	)	$	16.49

Outstanding at March 31, 2015		689,056		$	20.96

The following table summarizes the transactions of the Company’s SEUs for the three months ended March 31, 2015:


	Number of SEUs			Weighted Average Exercise Price		Weighted Average Grant-Date Fair Value

Outstanding at December 31, 2014		286,563		$	3.41
Granted - at discount		69,280		$	0.00	$	36.65
- at market value		6,336		$	43.95	$	9.89
Exercised		(81,695	)	$	2.31
Forfeited		(1,495	)	$	29.56

Outstanding at March 31, 2015		278,989		$	3.67