4 2003-07-23 1 0001067462 INSIGNIA FINANCIAL GROUP INC /DE/ IFS 0001191805 FROGGART ALAN C 1 1 0 0 CEO - Insignia Richard Ellis Common Stock 2003-07-23 4 J 0 24005 11.156 D 0 D Common Stock 2003-07-23 4 J 0 3396 11.156 D 0 I By spouse Stock Options (Right to Buy) 6.37 2003-07-23 4 J 0 9794 6.37 D 1988-08-08 2003-08-25 Common Stock 0 0 D Restricted Stock Award 0 2003-07-23 4 J 0 2000 0 D 2002-03-15 2007-03-06 Common Stock 2000 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. 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. 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. Restricted Stock Awards were cancelled pursuant to the amended and restated merger agreement among issuer, CBRE Holding, Inc., CB Richard Ellis Services, Inc. and Apple Acquisition Corp. and in consideration for such cancellation the reporting person received a payment of $11.156 per share subject to the Restricted Stock Award. /s/ Yvonne Owens Attorney-in-fact 2003-07-24