X0306 4 2019-05-01 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001456330 WELLS SCOTT C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 20880 STONE OAK PARKWAY SAN ANTONIO TX 78258 0 1 0 0 EVP and CEO - Americas Common Stock 2019-05-01 4 A 0 643578 A 643578 D Option (Right to Buy) 6.85 2019-05-01 4 A 0 338600 A 2025-03-03 Common Stock 338600 338600 D Option (Right to Buy) 7.71 2019-05-01 4 A 0 37764 A 2025-06-15 Common Stock 37764 37764 D Option (Right to Buy) 5.69 2019-05-01 4 A 0 25654 A 2026-06-03 Common Stock 25654 25654 D Received in exchange for 643,578 shares of Class A common stock of Clear Channel Outdoor Holdings, Inc. ("Old CCOH"), which merged with and into Clear Channel Holdings, Inc. (n/k/a Clear Channel Outdoor Holdings, Inc.) ("New CCOH"), with New CCOH surviving the merger (the "Merger"). Includes 22,915 shares of restricted stock which vest on June 15, 2019, 82,236 shares of restricted stock which vest in two equal installments on June 3, 2019 and June 3, 2020, 88,235 shares of restricted stock which vest on June 28, 2019, 208,333 shares of restricted stock which vest in two equal installments on September 7, 2020 and September 7, 2021 and 221,729 shares of restricted stock which vest in two equal installments on September 12, 2021 and September 12, 2022. Received in exchange for 338,600 options to purchase Class A common stock of Old CCOH in connection with the Merger. Of the options, 169,300 options are currently vested and 169,300 will vest upon the achievement of performance conditions. Received in exchange for 37,764 options to purchase Class A common stock of Old CCOH in connection with the Merger. Of the options, 29,323 options are currently vested and 8,442 vest on June 15, 2019. Received in exchange for 25,654 options to purchase Class A common stock of Old CCOH in connection with the Merger. Of the options, 12,827 options are currently vested and 12,827 vest in two equal installments on on June 3, 2019 and June 3, 2020. /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of Scott R. Wells 2019-05-02