SEC Form 4 · accession 0001334978-17-000006
Clear Channel Outdoor Holdings, Inc. · CCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher William Eccleshare
Officer — See Remarks
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:04 pm EST
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 | Mar 1, 2017 | F | 46,333 | $4.95 | D | 302,019 | D | |
| Class A Common StockF2 | Mar 2, 2017 | A | 23,421 | $0.00 | A | 325,440 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transaction represents shares withheld for taxes on vested restricted stock units.
- F2The reported item represents (1) a grant of 2,702 shares of Class A Common Stock (2) a restricted stock unit award, of which 16,528 shares are deemed to be vested as of March 1, 2017, 2,095 shares vest on September 21, 2019 and 2,096 shares vest on September 21, 2020. Upon vesting of the units, the reporting person shall be entitled to receive a number of shares of Class A Common Stock equal to the number of units then vesting. The reporting person received the restricted stock unit award under the issuer's 2012 Stock Incentive Plan. On February 23, 2017, the issuer paid a special cash dividend of $0.7797 per share to its stockholders. In connection with the dividend, the company issued Class A Common Stock and restricted stock units, as applicable, to persons, including the reporting person, who previously had been granted stock options or restricted stock units, as an anti-dilution adjustment. The award to the reporting person is reported herein.