CBRE GROUP, INC. — Director's Dealing 2016

Nov 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CBRE GROUP, INC. (CBG)
CIK: 0001138118
Period of Report: 2016-11-02

Reporting Person: ValueAct Holdings, L.P. (Director, 10% Owner, See Remarks)
Reporting Person: ValueAct Capital Master Fund, L.P. (Director, 10% Owner, See Remarks)
Reporting Person: VA Partners I, LLC (Director, 10% Owner, See Remarks)
Reporting Person: ValueAct Capital Management, L.P. (Director, 10% Owner, See Remarks)
Reporting Person: ValueAct Capital Management, LLC (Director, 10% Owner, See Remarks)
Reporting Person: ValueAct Holdings GP, LLC (Director, 10% Owner, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-02	Class A Common Stock	P	300000	$25.66	Acquired	37137244	Indirect
2016-11-02	Class A Common Stock	P	400000	$25.68	Acquired	37537244	Indirect
2016-11-02	Class A Common Stock	P	300000	$25.65	Acquired	37837244	Indirect
2016-11-02	Class A Common Stock	P	400000	$25.53	Acquired	38237244	Indirect
2016-11-02	Class A Common Stock	P	650000	$25.48	Acquired	38887244	Indirect
2016-11-02	Class A Common Stock	P	350000	$25.53	Acquired	39237244	Indirect
2016-11-03	Class A Common Stock	P	350000	$26.11	Acquired	39587244	Indirect
2016-11-03	Class A Common Stock	P	100000	$26.11	Acquired	39687244	Indirect
2016-11-03	Class A Common Stock	P	100000	$26.03	Acquired	39787244	Indirect
2016-11-03	Class A Common Stock	P	300000	$26.08	Acquired	40087244	Indirect
2016-11-03	Class A Common Stock	P	234606	$25.98	Acquired	40321850	Indirect
2016-11-04	Class A Common Stock	P	1400	$25.99	Acquired	40323250	Indirect
2016-11-04	Class A Common Stock	P	150000	$26.41	Acquired	40473250	Indirect
2016-11-04	Class A Common Stock	P	200000	$26.49	Acquired	40673250	Indirect

Footnotes

F1: This purchase was made pursuant to a 10b5-1 plan.

F2: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: The ValueAct entities referred to in this footnote 3 are collectively referred to herein as "ValueAct Capital." The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.