-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UfaIfKzJyLEElsVV+XVsElQZt3JyJ8rJsD4ophkyrrAzyoZSoe0Pn9Zcm1mUmTe+ wjICF+Y29FlMN7RQfAWCyw== 0000792181-98-000016.txt : 19980907 0000792181-98-000016.hdr.sgml : 19980907 ACCESSION NUMBER: 0000792181-98-000016 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980817 FILED AS OF DATE: 19980904 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 3 CENTRAL INDEX KEY: 0000768890 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 942940208 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-14187 FILM NUMBER: 98704494 BUSINESS ADDRESS: STREET 1: ONE INSIGNIA FINANCIAL PLAZA STREET 2: P O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 BUSINESS PHONE: 8032391000 MAIL ADDRESS: STREET 1: ONE INSIGNIA FINANCIAL PLAZA STREET 2: P O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29802 COMPANY DATA: COMPANY CONFORMED NAME: INSIGNIA PROPERTIES LP CENTRAL INDEX KEY: 0001041100 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: ONE INSIGNIA FINANCIAL PLAZA STREET 2: P.O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 BUSINESS PHONE: 8642391000 MAIL ADDRESS: STREET 1: ONE INSIGNIA FINANCIAL PLAZA STREET 2: P.O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 4 1
FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Check this box is Washington, D.C. 20549 OMB APPROVAL no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB No. 3235-0287 to Section 16. Expires: September 30, 1998 Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Estimated obligations may Exchange Act of 1934, Section 17(a) of the average continue. Public Utility Holding Company Act of 1935 burden hrs. See Instruction 1(b). or Section 30(f) of the Investment Company Act of 1940 per response 0.5 1) Name and Address of Reporting Person* 2) Issuer Name and Ticker or Trading Symbol 6) Relationship of Reporting Person(s) CONSOLIDATED CAPITAL INSTITUTIONAL to Issuer Insignia Properties, L.P. PROPERTIES 111 (Last) (First) (MI) 3) IRS Or Social 4) Statement for [ ] Director [X] 10% Owner Security Number Month/Year [ ] Officer [ ] Other One Insignia Financial Plaza of Reporting (give title below) (specify below) P.O. Box 1089 Person AUGUST 1998 -------------------------------------- (Voluntary) ----------- (Street) 5) If Amendment, 7) Individual or Joint/Group Filing Date, of Greenville, SC 29602 Original (Month/Year) [ ] Form filed by One Reporting Person (City) (State) (Zip) [X] Form filed by More than One Reporting Person
TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ---------------------------------------------------------------------------------- 1) Title of Security 2) Transaction 3) Trans- 4) Security Acquired 5) Amount of 6) Ownership 7) Nature of (Instr. 3) Date action or Disposed Securities Form: Indirect (Month/ Code of (D) Beneficially Direct (D) Beneficial Day/Year) (Inst.8) (Inst. 3, 4 & 5) Owned at or Ownership ------------------------------------- End of Indirect (Inst.4) Code V Amount (A) Price Month (I) (D) (Inst.3&4) (Inst. 4) ------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- LIMITED PARTNERSHIP UNITS 8/17/98 P 19.20 A 78.00 D - --------------------------------------------------------------------------------------------------------------------------------- 8/17/98 P 8.00 A 78.00 D - --------------------------------------------------------------------------------------------------------------------------------- 8/17/98 P 8.00 A 77.00 91,662.40 D - ---------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) -------------------------------------------------------------- 1) Title of Derivative Security 2) Conversion 3) Transaction 4) Transaction 5) Number of Derivative 6) Date (Inst. 3) or Exercise Date Code Securities Acquired Exercisable Price of (Month/ (Inst.8) (A) or Disposed and Expiration Derivative Day/Year) of (D) Date (Month/ Security (Inst. 3,4&5) Day/Year) --------------------------------------------------------------- Date Expiration Code V (A) (D) Exercisable Date - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- 7) Title and Amount of 8) Price of 9) Number of 10) Ownership 11) Nature of Indirect Underlying Securities Derivative Derivative Form of Beneficial (Inst. 3 & 4) Security Securities Derivative Ownership (Inst. 5) Beneficially Security: (Inst. 4) Owned at Direct (D) or End of Month Indirect (I) ------------------------- (Instr. 4) (Instr. 4) Amount or Title Number of Shares - --------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: - ------------------------ The referenced Units are directly owned by Insignia Properties, L.P. (IPLP" or the Designated File"). The same shares may be deemed to be indirectly owned by: 1. Insignia Properties Trust ("IPT"), which is the general partner of the Designated Filer. 2. Insignia Financial Group, Inc. ("Insignia"), which is owner of all of the outstanding Class B Common Shares of Beneficial Interest in IPT, entitling it to elect a majority of the trustees of IPT. 3. Andrew L. Farkas, who is the beneficial owner of approximately 28.4% of the outstanding common stock of Insignia. Insignia owns all of the outstanding Class B Common shares of Beneficial Interest in IPT, entitling it to elect a majority of the trustees of IPT. Mr. Farkas is a trustee of IPT. INSIGNIA PROPERTIES TRUST By: /s/ William H. Jarrard Jr. -------------------------- William H. Jarrard, Jr. Sr. Vice President INSIGNIA FINANCIAL GROUP, INC. By: /s/ Daniel M. LeBey ------------------- Daniel M. LeBey, Assistant General Counsel and Assistant Secretary /s/ Andrew L. Farkas - ------------------------- Andrew L. Farkas **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C 78ff(a). /s/ William H. Jarrard, Jr. September 4, 1998 - ------------------------------- ----------------- **Signature of Reporting Person Date: By: William H. Jarrard, Jr. SEC 1474 (8/92) AUGUST-1998 -----END PRIVACY-ENHANCED MESSAGE-----