SEC Form 4 · accession 0001209191-15-039612
Clear Channel Outdoor Holdings, Inc. · CCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Christopher William Eccleshare
Officer — See Remarks
Period of report
May 4, 2015
Accepted (ET)
May 6, 2015 · 7:21 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 | May 4, 2015 | S$0 | 50,000 | — | D | 52,925 | D | |
| Class A Common Stock | May 4, 2015 | M | 37,906 | $4.05 | A | 90,831 | D | |
| Class A Common StockF2 | May 4, 2015 | S$0 | 37,906 | — | D | 52,925 | D | |
| Class A Common Stock | May 4, 2015 | M | 2,094 | $3.48 | A | 55,019 | D | |
| Class A Common Stock | May 4, 2015 | S | 2,094 | $11.28 | D | 52,925 | D | |
| Class A Common Stock | May 5, 2015 | M | 4,500 | $3.48 | A | 57,425 | D | |
| Class A Common StockF3 | May 5, 2015 | S$0 | 4,500 | — | D | 52,925 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Option (Right to Buy)F4 | $4.05 | May 4, 2015 | M | 37,906 | D | — | Sep 10, 2019 | Class A Common Stock | 37,906 | 2,094 | D |
| Employee Option (Right to Buy)F5 | $3.48 | May 4, 2015 | M | 2,094 | D | — | Feb 24, 2020 | Class A Common Stock | 2,094 | 60,000 | D |
| Employee Option (Right to Buy)F6 | $3.48 | May 5, 2015 | M | 4,500 | D | — | Feb 24, 2020 | Class A Common Stock | 4,500 | 55,000 | D |
Explanation of responses
- F1Reflects the sale of 50,000 shares of Class A Common Stock received upon the vesting of a restricted stock unit award, at the weighted average sale price of $11.33. The prices for these shares range from $11.27 to $11.34. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Reflects the sale of 37,906 shares of Class A Common Stock at the weighted average sale price of $11.33. The prices for these shares range from $11.25 to $11.66. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Reflects the sale of 4,500 shares of Class A Common Stock at the weighted average sale price of $11.29. The prices for these shares range from $11.25 to $11.32. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4Relates to options granted on September 10, 2009, all of which have vested.
- F5Relates to options granted on February 24, 2010, all of which have vested.
- F6Relates to options granted on February 24, 2010, all of which have vested.
Remarks
Chairman and CEO, International division