INSIGNIA FINANCIAL GROUP INC /DE/ 4
4 · INSIGNIA FINANCIAL GROUP INC /DE/ · Filed Jul 29, 2003
Insider Transaction Report
Form 4
FARKAS ROBIN L
Director
Transactions
- Other
Common Stock
2003-07-23$11.16/sh−168,636$1,881,303→ 0 total - Other
Stock Option (Right to Buy)
2003-07-23$9.72/sh−2,000$19,440→ 0 totalExercise: $9.72From: 1998-08-08Exp: 2012-07-02→ Common Stock (0 underlying) - Other
Stock Option (Right to Buy)
2003-07-23$12.63/sh−20,000$252,500→ 0 totalExercise: $12.63From: 1998-08-08Exp: 2003-09-21→ Common Stock (0 underlying) - Other
Common Stock
2003-07-23$11.16/sh−7,332$81,796→ 0 total(indirect: By Spouse) - Other
Warrants (Right to Buy)
2003-07-23$8.00/sh−25,000$200,000→ 0 totalExercise: $8.00From: 1998-08-08Exp: 2005-01-14→ Common Stock (0 underlying)
Footnotes (6)
- [F1]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.
- [F2]Includes a correction in the number of shares previously reported as 7,998.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.