-----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, R3RZtxp//vdrnG7jn69fi1ZXVHdhOzTvpHzVFaDUsPc+b5Y7T41c5WVKjllEJVVw 2Gk+oMzyCjW/oLAaClFaHw== 0000905718-02-000245.txt : 20020628 0000905718-02-000245.hdr.sgml : 20020628 20020628123431 ACCESSION NUMBER: 0000905718-02-000245 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020618 FILED AS OF DATE: 20020628 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSIGNIA FINANCIAL GROUP INC /DE/ CENTRAL INDEX KEY: 0001067462 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 562084290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14373 FILM NUMBER: 02690723 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129848033 MAIL ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: INSIGNIA ESG HOLDINGS INC DATE OF NAME CHANGE: 19980803 COMPANY DATA: COMPANY CONFORMED NAME: FEINBERG STEPHEN CENTRAL INDEX KEY: 0000947822 OWNER STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128912120 MAIL ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 3 1 insigniafm30602.txt INSIGNIAFM3 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ________________________________________________________________________________ 1. Name and Address of Reporting Person* Feinberg Stephen - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Cerberus Partners, L.P., 450 Park Avenue - 28th Floor - -------------------------------------------------------------------------------- (Street) New York NY 10022 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) June 18, 2002 ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol Insignia Financial Group, Inc. (IFS) ________________________________________________________________________________ 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) 1 [ ] Director [X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ________________________________________________________________________________ 6. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) 1 [X ] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ 1 1 1 Common Stock, par value 68,417 I By limited liability company, limited $0.01 per share partnerships and corporations - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
* If the form is filed by more than one reporting person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Securities: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ 2 1 1 Series A Convertible Immed. * Common Stock, par 1,785,714 $14.00 I By limited lia- Preferred Stock, value $0.01 per share bility company, par value limited part- $0.01 per share nerships and corporations - ------------------------------------------------------------------------------------------------------------------------------------ 2 1 1 Series B Convertible Immed. * Common Stock, par 811,688 $15.40 I By limited lia- Preferred Stock, value $0.01 per share bility company, par value limited part- $0.01 per share nerships and corporations - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: 1 Madeleine L.L.C. ("Madeleine") is the record holder of (i) 68,417 shares of the common stock, par value $0.01 per share (the "Common Stock"), of Insignia Financial Group, Inc. (the "Company"), (ii) 250,000 shares of the Series A Convertible Preferred Stock of the Company (the "Series A Preferred Stock"), and (iii) 125,000 shares of the Series B Convertible Preferred Stock of the Company (the "Series B Preferred Stock," and, together with the Series A Preferred Stock, the "New Preferred Stock"). Based upon the conversion rates, respectively, of the shares of the New Preferred Stock, as of June 18, 2002, Madeleine has the right to acquire an aggregate of 2,597,402 shares of the Common Stock upon conversion of the shares of the New Preferred Stock. Stephen Feinberg possesses sole power to vote and direct the disposition of all securities of the Company held by Madeleine. Madeleine has participated some or all of the securities referred to herein to one or more entities affiliated with Madeleine (including but not limited to Cerberus Partners, L.P., a Delaware limited partnership ("Cerberus"), Cerberus Institutional Partners, L.P., a Delaware limited partnership ("Institutional"), and certain other private investment funds (collectively, the "Funds", and, along with Cerberus and Institutional, the "Feinberg Entities"). Stephen Feinberg possesses sole power to vote and direct the disposition of all securities of the Company held by the Feinberg Entities. Thus, as of June 18, 2002, for the purposes of Reg. Section 240.13d-3, Stephen Feinberg is deemed to beneficially own 2,665,819 shares of the Common Stock, or 10.4% of the shares of Common Stock deemed issued and outstanding as of that date. Stephen Feinberg's interest in the securities reported herein is limited to the extent of his pecuniary interest in Madeleine and the Feinberg Entities, if any. 2 The Series A Preferred Stock and the Series B Preferred Stock are convertible at any time at the option of the holder unless and until such securities are exchanged by the Company for certain other securities which may be issued by the Company pursuant to the terms of an Exchange Agreement, dated as of June 18, 2002 between the Company and Madeleine. /s/ Stephen Feinberg June 27, 2002 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. -----END PRIVACY-ENHANCED MESSAGE-----