SEC Form 4 · accession 0000899243-17-012873
Clear Channel Outdoor Holdings, Inc. · CCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Temple
Director
Period of report
May 10, 2017
Accepted (ET)
May 11, 2017 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001334978
Table I — non-derivative securities
No Table I lines on this filing.
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 | $7.65 | May 10, 2017 | D | 11,776 | D | — | Aug 24, 2017 | Class A Common Stock | 11,776 | 0 | D |
| Stock Option (Right to Buy) | $7.65 | May 10, 2017 | A | 11,776 | A | May 26, 2017 | Dec 17, 2023 | Class A Common Stock | 11,776 | 11,776 | D |
| Stock Option (Right to Buy)F3 | $4.93 | May 10, 2017 | D | 16,493 | D | — | Aug 24, 2017 | Class A Common Stock | 16,493 | 0 | D |
| Stock Option (Right to Buy) | $4.93 | May 10, 2017 | A | 16,493 | A | May 26, 2017 | Aug 19, 2024 | Class A Common Stock | 16,493 | 16,493 | D |
| Stock Option (Right to Buy)F4 | $7.53 | May 10, 2017 | D | 15,868 | D | — | Aug 24, 2017 | Class A Common Stock | 15,868 | 0 | D |
| Stock Option (Right to Buy) | $7.53 | May 10, 2017 | A | 15,868 | A | May 26, 2017 | Jun 24, 2025 | Class A Common Stock | 15,868 | 15,868 | D |
| Stock Option (Right to Buy)F5 | $6.47 | May 10, 2017 | D | 10,000 | D | — | Aug 24, 2017 | Class A Common Stock | 10,000 | 0 | D |
| Stock Option (Right to Buy) | $6.47 | May 10, 2017 | A | 10,000 | A | May 26, 2017 | May 16, 2021 | Class A Common Stock | 10,000 | 10,000 | D |
| Stock Option (Right to Buy)F6 | $5.75 | May 10, 2017 | D | 10,000 | D | — | Aug 24, 2017 | Class A Common Stock | 10,000 | 0 | D |
| Stock Option (Right to Buy) | $5.75 | May 10, 2017 | A | 10,000 | A | May 26, 2017 | Mar 29, 2022 | Class A Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The reported transactions involve the amendment of five outstanding option grants, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The reporting person's term as a director will expire on May 26, 2017. The amendments extended the post-service exercise period from 90 days after termination of service as a director (August 24, 2017) to the remainder of each option's original 10-year term, and accelerated the vesting of all unvested option grants.
- F2Of these options, 8,832 were vested as of the date of this report and 2,944 were scheduled to vest on December 13, 2017.
- F3Of these options, 12,369 were vested as of the date of this report and 4,124 were scheduled to vest on April 4, 2018.
- F4Of these options, 3,967 were vested as of the date of this report and 3,967 were scheduled to vest on each of June 24, 2017, June 24, 2018 and June 24, 2019.
- F5These options were vested.
- F6These options were vested.