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Filing Details

Accession Number:: 0001144204-13-003463
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-01-22 16:33:55
Reporting Period:: 2013-01-17

Filing Date:: 2013-01-22
Accepted Time:: 2013-01-22 16:33:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1334978	Clear Channel Outdoor Holdings Inc.	CCO	Services-Advertising (7310)	860812139

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1218735	Mason Capital Management Llc	110 East 59Th Street 30Th Floor New York NY 10022	No	No	Yes	No
1481233	M. Kenneth Garschina	110 East 59Th Street 30Th Floor New York NY 10022	No	No	Yes	No
1481291	E Michael Martino	110 East 59Th Street 30Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock, $.01 Par Value	Disposition	2013-01-17	732,148	$7.49	4,340,798	No	4	S	Indirect	See Footnote
Class A Common Stock, $.01 Par Value	Disposition	2013-01-18	167,852	$7.49	4,172,946	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The shares of Class A Common Stock reported herein as indirectly beneficially owned by Mason Capital Management LLC ("Mason Management"), Kenneth M. Garschina and Michael E. Martino are directly owned by Mason Capital L.P., a Delaware limited partnership ("Mason Capital LP"), Mason Capital Master Fund, L.P., a Cayman Islands exempted limited partnership ("Mason Capital Master Fund"), and certain other funds and accounts (the "Managed Accounts"). Mason Management is the investment manager of each of Mason Capital LP, Mason Capital Master Fund and the Managed Accounts and may be deemed to have beneficial ownership of the shares of Class A Common Stock reported herein by virtue of the authority granted to Mason Management by Mason Capital LP, Mason Capital Master Fund and the Managed Accounts to vote and dispose of such shares.
Mr. Garschina and Mr. Martino may be deemed to have beneficial ownership of the shares of Class A Common Stock reported herein in their capacities as managing principals of Mason Management. Indirect beneficial ownership of the shares of Class A Common Stock reported herein has not been allocated to the Reporting Persons on a proportional basis. Each of Mason Management, Mr. Garschina and Mr. Martino disclaims beneficial ownership of such shares except to the extent of its or his pecuniary interest therein pursuant to Rule 16a-1(a)(2).
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.585 to $7.487, inclusive. The Reporting Persons undertake to provide to Clear Channel Outdoor Holdings, Inc., any security holder of Clear Channel Outdoor Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.576 to $7.480, inclusive. The Reporting Persons undertake to provide to Clear Channel Outdoor Holdings, Inc., any security holder of Clear Channel Outdoor Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4.