FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 09/10/2009 |
3. Issuer Name and Ticker or Trading Symbol
Clear Channel Outdoor Holdings, Inc. [ CCO ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Class A Common Stock | 553(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (2) | 01/12/2012 | Class A Common Stock | 3,513 | $17.89 | D | |
Employee Stock Option (right to buy) | (3) | 11/11/2012 | Class A Common Stock | 2,500 | $18 | D | |
Employee Stock Option (right to buy) | (3) | 11/11/2012 | Class A Common Stock | 7,500 | $18 | D | |
Employee Stock Option (right to buy) | (4) | 05/23/2017 | Class A Common Stock | 2,000 | $29.03 | D | |
Employee Stock Option (right to buy) | (5) | 05/16/2018 | Class A Common Stock | 6,135 | $20.64 | D | |
Employee Stock Option (right to buy) | (6) | 02/06/2019 | Class A Common Stock | 8,492 | $5.28 | D | |
Employee Stock Option (right to buy) | (7) | 07/08/2019 | Class A Common Stock | 10,000 | $4.14 | D |
Explanation of Responses: |
1. Shares represent a restricted stock award vesting in four annual installments. The restrictions have lapsed with respect to 219 shares and will lapse with respect to the remaining 334 shares in equal installments on May 23, 2010 and May 23, 2011. |
2. The option vests in three annual installments: 25% became exercisable on January 12, 2008, 25% became exercisable on January 12, 2009, and the remaining 50% will become exercisable on January 12, 2010. |
3. The option vests in three annual installments: 25% became exercisable on November 11, 2008, 25% will become exercisable on November 11, 2009, and the remaining 50% will become exercisable on November 11, 2010. |
4. The option vests in four equal annual installments. The first two installments became exercisable on May 23, 2008 and May 23, 2009, and the next two installments become exercisable on May 23, 2010 and May 23, 2011. |
5. The option vests in four equal annual installments. The first installment became exercisable on May 16, 2009, and the next three installments become exercisable on May 16, 2010, May 16, 2011, and May 16, 2012. |
6. The option will vest in four equal annual installments beginning on February 6, 2010. |
7. The option will vest in four equal annual installments beginning on July 8, 2010. |
Hamlet T. Newsom, Jr., Attorney-in-Fact for David Meldrum Clark | 09/15/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |