X0306 4 2019-09-03 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001472175 Eccleshare Christopher William C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 20880 STONE OAK PARKWAY SAN ANTONIO TX 78258 1 1 0 0 Chief Executive Officer Common Stock 2019-09-03 4 M 0 81454 1.174 A 950536 D Common Stock 2019-09-03 4 S 0 81454 2.5397 D 869082 D Option (Right to Buy) 1.174 2019-09-03 4 M 0 81454 0.00 D 2019-09-10 Common Stock 81454 0 D The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 9, 2019. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.51 to $2.631, inclusive. The reporting undertakes to provide to the issuer, any security holder of the issuer 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 footnote (2) to this Form 4. The options were fully vested. /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of C. William Eccleshare 2019-09-05