SEC Form 4 · accession 0000899243-16-021989
Clear Channel Outdoor Holdings, Inc. · CCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Wells
Officer — See Remarks
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001334978
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 3, 2016 | A | 82,236 | $0.00 | A | 133,066 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $6.47 | holding | — | — | — | — | Jun 3, 2026 | Class A Common Stock | 25,654 | 25,654 | D |
Explanation of responses
- F1The reported item represents a restricted stock award, 50% of which will vest on the third anniversary of June 3, 2016 and 50% of which will vest on the fourth anniversary of June 3, 2016. The reporting person received the award under the Clear Channel Outdoor Holdings, Inc. 2012 Stock Incentive Plan.
- F2These options were granted under the Clear Channel Outdoor Holdings, Inc. 2012 Stock Incentive Plan and vest in four equal annual installments beginning on the first anniversary of June 3, 2016.
Remarks
Mr. Wells' title is Chief Executive Officer - Clear Channel Outdoor Americas