SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

STRAUSS THEODORE H

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CLEAR CHANNEL COMMUNICATIONS INC [ CCU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/31/1999		G		60,000	D	⁽¹⁾	42,227	D
Common Stock	12/18/2000		J⁽²⁾		7,040	A	$52.69	49,267	D
Common Stock	05/17/2002		G		520	D	⁽³⁾	48,747	D
Common Stock	05/22/2002		G		48,747	D	⁽⁴⁾	0	D
Common Stock	01/27/2003		G	V	62,500	D	⁽⁴⁾	0	D
Common Stock	09/18/2003		G	V	26,000	A	⁽⁵⁾	26,000	D
Common Stock	09/19/2003		G⁽⁶⁾	V	26,000	D	⁽⁶⁾	0	D
Common Stock	12/31/1999		G		60,000	A	⁽¹⁾	60,000	I	By Trust for Daughter
Common Stock	12/18/2000		J⁽²⁾		7,040	D	$52.69	52,960	I	By Trust for Daughter
Common Stock	05/17/2002		G		520	A	⁽³⁾	520	I	By A. Strauss GS Trust
Common Stock	05/22/2003		G	V	48,747	A	⁽⁴⁾	48,747	I	By A. Strauss Marital Trust
Common Stock	01/27/2003		G	V	62,500	A	⁽⁴⁾	111,247	I	By A. Strauss Marital Trust
Common Stock	02/27/2003		G	V	840	D	⁽⁷⁾	110,407	I	By A. Strauss Marital Trust
Common Stock	03/17/2003		G	V	760	D	⁽⁸⁾	109,647	I	By A. Strauss Marital Trust
Common Stock	06/24/2003		G	V	30	D	⁽⁷⁾	109,617	I	By A. Strauss Marital Trust
Common Stock	09/03/2003		G	V	30	D	⁽⁷⁾	109,587	I	By A. Strauss Marital Trust
Common Stock	09/18/2003		G	V	26,000	D	⁽⁶⁾	83,587	I	By A. Strauss Marital Trust
Common Stock	09/19/2003		G⁽⁶⁾	V	26,000	A	⁽⁶⁾	26,000	I	By THS Associates, LP
Common Stock	09/19/2003		G⁽⁶⁾	V	83,587	D	⁽⁶⁾	0	I	By A. Strauss Marital Trust
Common Stock	09/19/2003		G⁽⁶⁾	V	83,587	A	⁽⁶⁾	109,587	I	By THS Associates, LP
Common Stock	11/25/2003		S		5,000	D	$42.06	47,960	I	By Trust for Daughter
Common Stock	12/01/2003		G	V	30	D	⁽⁷⁾	490	I	By A. Strauss GS Trust
Common Stock	12/17/2003		S		1,000	D	$45.18	108,587	I	By THS Associates, LP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Transfer of shares to an irrevocable trust for the reporting person's daughter, of which the reporting person is the trustee.

2. On December 18, 2000, a trust for the benefit of the reporting person's daughter and of which the reporting person is trustee distributed 7,040 shares of CCU common stock to the reporting person in satisfaction of the trust's obligation to pay $370,938 to the reporting person.

3. Transfer of shares to Annette Straus GS Trust, of which the reporting person is the trustee.

4. Transfer of shares to Annette Straus Marital Trust, of which the reporting person is the trustee.

5. Transfer of shares from Annette Straus Marital Trust to the reporting person.

6. Transfer of shares to THS Associates, LP, a limited partnership of which the reporting person is the sole general partner.

7. Gifts to family member.

8. Gifts to non-family member.

Remarks:

	Theodore H. Straus	12/17/2003
	** 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 4 (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.