CBRE GROUP, INC. — Director's Dealing 2011

Sep 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CB RICHARD ELLIS GROUP INC (CBG)
CIK: 0001138118
Period of Report: 2011-09-08

Reporting Person: Frese Calvin W Jr (President, Global Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-08	Class A Common Stock	A	110354.0000	$0.0000	Acquired	483748.0000	Direct
2011-09-08	Class A Common Stock	S	35336.0000	$14.6261	Disposed	448412.0000	Direct

Footnotes

F1: The September 8, 2011 restricted stock award reported hereunder was made pursuant to the Issuer's Equity Award Policy, which provides for annual management equity awards to be made at a previously scheduled Compensation Committee meeting that falls closest to the month of September. These restricted shares vest at a rate of 25% per year over four (4) years commencing on September 5, 2011.

F2: These shares were sold to satisfy the reporting person's obligation upon vesting of restricted stock previously granted.

F3: This transaction was executed in multiple trades at prices ranging from $14.56 to $14.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range.