X0303 4 2008-07-30 1 0000739708 CLEAR CHANNEL COMMUNICATIONS INC CCU 0001212885 MAYS RANDALL THOMAS C/O CLEAR CHANNEL COMMUNICATIONS, INC. 200 EAST BASSE ROAD SAN ANTONIO TX 78209 1 1 0 0 President/CFO Common Stock 2008-07-30 4 D 0 340000 D 0 D Common Stock 2008-07-30 4 D 0 45000 D 0 I By Ralph Maddox Family Trust Common Stock 2008-07-30 4 D 0 98571 D 0 I By Mays 2002 Grandchildren's Trust Common Stock 2008-07-30 4 D 0 11241 D 0 I By Grace Mays Trust Common Stock 2008-07-30 4 D 0 7905 D 0 I By Lowry Thomas Mays Trust Common Stock 2008-07-30 4 D 0 4797 D 0 I By Margot Yvonne Mays Trust Common Stock 2008-07-30 4 D 0 714 D 0 I By Nicole Randall Mays Trust Common Stock 2008-07-30 4 D 0 191289 D 0 I By Randall T. Mays 2006 CCU GRAT #1 Common Stock 2008-07-30 4 D 0 619761 D 0 I By RTM Partners, Ltd. Common Stock 2008-07-30 4 D 0 527457 D 0 I By LLM Partners Common Stock Options (right to buy) 42.6338 2008-07-30 4 D 0 156671 D 2004-12-31 2009-02-19 Common Stock 156671 0 D Common Stock Options (right to buy) 63.7879 2008-07-30 4 D 0 78335 D 2005-02-28 2010-02-28 Common Stock 78335 0 D Common Stock Options (right to buy) 55.5398 2008-07-30 4 D 0 261118 D 2006-02-12 2011-02-12 Common Stock 261118 0 D Common Stock Options (right to buy) 44.3093 2008-07-30 4 D 0 261119 D 2006-12-14 2011-02-14 Common Stock 261119 0 D Common Stock Options (right to buy) 35.0606 2008-07-30 4 D 0 235006 D 2008-02-19 2013-02-19 Common Stock 235006 0 D Common Stock Options (right to buy) 30.3107 2008-07-30 4 D 0 217684 D 2010-01-12 2015-01-12 Common Stock 217684 0 D Common Stock Options (right to buy) 32.8777 2008-07-30 4 D 0 47001 D 2010-02-16 2015-02-16 Common Stock 47001 0 D Disposed of pursuant to merger agreement (the "Merger Agreement") between Clear Channel Communications, Inc. and BT Triple Crown Merger Co., Inc. ("MergerCo"), B Triple Crown Finco, LLC, T Triple Crown Finco, LLC and CC Media Holdings, Inc. ("CC Media"), as amended in exchange for, on a per share basis, either a cash payment of $36.00 or one share of CC Media Class A Common Stock ("Class A Stock"). These options were canceled in connection with the merger of the issuer and MergerCo. These options were exchanged in connection with the merger for options to purchase shares of Class A Stock. /s/ Randall T. Mays 2008-07-30