4 2003-07-23 1 0001067462 INSIGNIA FINANCIAL GROUP INC /DE/ IFS 0001047431 GARRISON FRANK M 0 1 0 0 Office of the Chairman Common Stock 2003-07-23 4 J 0 12895 11.156 D 0 D Warrants (Right to Buy) 8 2003-07-23 4 J 0 200000 8 D 1988-08-08 2005-01-14 Common Stock 0 0 D Stock Options (Right to Buy) 10.69 2003-07-23 4 J 0 100000 10.69 D 1988-08-08 2007-10-04 Common Stock 0 0 D Stock Options (Right to Buy) 12.625 2003-07-23 4 J 0 50000 12.65 D 1988-08-08 2004-03-21 Common Stock 0 0 D Disposed of pursuant to the amended and restated merger agreement among issuer, CBRE Holding, Inc., CB Richard Ellis Services, Inc. and Apple Acquisition Corp. for consideration of $11.156 per share. Warrants disposed of pursuant to the amended and restated merger agreement among issuer, CBRE Holding, Inc., CB Richard Ellis Services, Inc. and Apple Acquisition Corp. for an aggregate consideration equal to the excess of the merger consideration of $11.156 per share over the exercise price of the warrants, multiplied by the number of warrants owned by the reporting person. Options disposed of pursuant to the amended and restated merger agreement among issuer, CBRE Holding, Inc., CB Richard Ellis Services, Inc. and Apple Acquisition Corp. for an aggregate consideration equal to the excess of the merger consideration of $11.156 per share over the exercise price of the options, multiplied by the number of options owned by the reporting person. Option were out-of-the-money and cancelled pursuant to the amended and restated merger agreement among issuer, CBRE Holding, Inc., CB Richard Ellis Services, Inc. and Apple Acquisition Corp. The reporting person received no consideration for these options. /s/ Yvonne Owens Attorney-in-fact 2003-07-24