X0201 4 2003-07-23 1 0001067462 INSIGNIA FINANCIAL GROUP INC /DE/ IFS 0001026274 FARKAS ROBIN L 200 PARK AVE NEW YORK NY 10166 1 0 0 0 Common Stock 2003-07-23 4 J 0 168636 11.156 D 0 D Common Stock 2003-07-23 4 J 0 7332 11.156 D 0 I By spouse Warrants (Right to Buy) 8 2003-07-23 4 J 0 25000 8 D 1998-08-08 2005-01-14 Common Stock 0 0 D Stock Option (Right to Buy) 9.72 2003-07-23 4 J 0 2000 9.72 D 1998-08-08 2012-07-02 Common Stock 0 0 D Stock Option (Right to Buy) 11 2003-07-23 4 J 0 2000 11 D 1998-08-08 2015-08-01 Common Stock 0 0 D Stock Option (Right to Buy) 11.1875 2003-07-23 4 J 0 2000 11.1875 D 1998-08-08 2004-08-01 Common Stock 0 0 D Stock Option (Right to Buy) 12 2003-07-23 4 J 0 2000 12 D 1998-08-08 2006-06-01 Common Stock 0 0 D Stock Option (Right to Buy) 12.625 2003-07-23 4 J 0 20000 12.625 D 1998-08-08 2003-09-21 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. Includes a correction in the number of shares previously reported as 7,998. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purposes. 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. Options 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