Filing Details

Accession Number:
0001104659-23-005117
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-01-19 20:01:06
Reporting Period:
2023-01-17
Accepted Time:
2023-01-19 20:01:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1334978 Clear Channel Outdoor Holdings Inc. CCO () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1259313 Ares Management Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1683967 Assf Operating Manager Iv, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1684171 Acof Investment Management Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1757327 Assf Iv Aiv B Holdings Iii, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1793548 Asof Investment Management Llc 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1793549 Asof Holdings I, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1862592 Assf Iv Aiv B, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1933113 Asof Ii Holdings I, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1933136 Asof Ii A (De) Holdings I, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
1947935 Acof Vi Holdings, L.p. 2000 Avenue Of The Stars, 12Th Floor
Los Angeles CA 90067
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Acquisiton 2023-01-17 400,000 $1.36 51,401,580 No 4 P Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnotes
Footnotes
  1. This statement is being filed by (i) ASSF IV AIV B Holdings III, L.P. ("ASSF IV AIV B Holdings"), (ii) ASSF IV AIV B, L.P. ("ASSF IV AIV B"), (iii) ASSF Operating Manager IV, L.P. ("ASSF Operating Manager IV"), (iv) ASOF Holdings I, L.P. ("ASOF I"), (v) ASOF II Holdings I, L.P. ("ASOF II Holdings I"), (vi) ASOF II A (DE) Holdings I, L.P. ("ASOF II A (DE) Holdings I"), (vii) ASOF Investment Management LLC ("ASOF Investment Management"), (viii) ACOF VI Holdings, L.P. ("ACOF VI"), (ix) ACOF Investment Management LLC ("ACOF Investment Management") (Continued in footnote 2)
  2. (x) Ares Management LLC, (xi) Ares Management Holdings L.P. ("Ares Management Holdings"), (xii) Ares Holdco LLC ("Ares Holdco"), (xiii) Ares Management Corporation ("Ares Management"), (xiv) Ares Voting LLC ("Ares Voting"), (xv) Ares Management GP LLC ("Ares Management GP") and (xvi) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts.
  3. Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the general partner of ASSF Operating Manager IV, which is the manager of each of ASSF IV AIV B Holdings and ASSF IV AIV B; (b) the sole member of ASOF Investment Management, which is the manager of ASOF I, ASOF II Holdings I and ASOF II A (DE) Holdings I; and (c) the sole member of ACOF Investment Management, which is the manager of ACOF VI.
  4. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.
  5. The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate, 51,401,580 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ASSF IV AIV B Holdings directly holds 17,225,151 shares of Common Stock, (ii) ASSF IV AIV B directly holds 1,943,773 shares of Common Stock, (iii) ASOF I directly holds 19,852,354 shares of Common Stock, (iv) ASOF II Holdings I directly holds 601,975 shares of Common Stock, (v) ASOF II A (DE) Holdings I directly holds 108,487 shares of Common Stock and (vi) ACOF VI directly holds 11,669,840 shares of Common Stock.
  6. Each of the Reporting Persons and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.