Edgar Filing: ROSKIND E ROBERT

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ROSKIND E ROBERT

2. Issuer Name and Ticker or Trading Symbol
LEXINGTON REALTY TRUST [lxp]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2008

(Street)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	12/31/2008		A		44,000 ⁽¹⁾	A	$ 5	689,321	D
Common Shares								209,332	I	Roskind Family Foundation, Inc.
Common Shares								33,620	I	The LCP Group L.P. ⁽²⁾
Series D Cumulative Redeemable Preferred Stock								2,000	I	ERR MPP Trust 12/27/95 ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who 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.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Share Option

$ 5.6

12/31/2008

289,900

⁽³⁾

12/31/2018

Common Shares

289,900

$ 5.6

289,900

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

310,580

The LCP Group L.P. ⁽²⁾

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

398,748

E. Robert Roskind Family L.P. ⁽²⁾

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

22,329

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

33,957

Third Lero Corp. ⁽²⁾

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

19,231

ERR Irrovocable Trust ⁽²⁾

Limited Partnership Units Lepercq Corporate Income Fund L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

2,299

Barnes Properties Inc. ⁽²⁾

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

118,049

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

1,000

The Roskind Family 2005 Trust ⁽²⁾

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

⁽²⁾

Common Shares

391,366

The LCP Group L.P. ⁽²⁾

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

100,000

Wife ⁽²⁾

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

33,333

E. Robert Roskind 2001 Trust

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

3,404

Third Lero Corp. ⁽²⁾

LTD Partnership Units Lepercq Corporate Income Fund II L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

40,000

E. Robert Roskind Family L.P. ⁽²⁾

LTD Partnership Units Net 3 Acquisition L.P.

$ 0 ⁽⁴⁾

⁽⁵⁾

Common Shares

44,858

The LCP Group L.P. ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ROSKIND E ROBERT	X		Chairman

Signatures

E. Robert Roskind by Joseph S. Bonventre, A.I.F.		01/02/2009
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Non-vested share award subject to performance and time based vesting restrictions.
(2)	Mr. Roskind disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(3)	Non-Qualified Share Options vest (i) 50% following a twenty (20) day trading period where the average closing price of a common share of Lexington Realty Trust on the New York Stock Exchange ("NYSE") is $8.00 or higher and (ii) 50% following a twenty (20) day trading period where the average closing price of a common share of Lexington Realty Trust on the NYSE is $10.00 or higher.
(4)	Redeemable on a one-for-one basis.
(5)	Currently exercisable with no expiration date.

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