4 2003-07-23 0 0001067462 INSIGNIA FINANCIAL GROUP INC /DE/ IFS 0001067971 URETTA RONALD 0 1 0 0 Chief Operating Officer Common Stock 2003-07-23 4 J 0 58169 11.156 D 0 D Common Stock 2003-07-23 4 J 0 133 11.156 D 0 I By Spouse Common Stock 2003-07-23 4 J 0 2238 11.156 D 0 I By Children Warrants (Right to Buy) 8 2003-07-23 4 J 0 200000 8 D 1988-08-08 2005-01-14 none 0 0 D Stock Options (Right to Buy) 12.625 2003-07-23 4 J 0 50000 12.625 D 1988-08-08 2004-03-21 none 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 57,704 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 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 2003-07-24