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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(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)

C/O LEXINGTON REALTY TRUST, 1 PENN PLAZA, SUITE 4015

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2010

(Street)

NEW YORK, NY 10119

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 ⁽¹⁾	12/31/2010⁽¹⁾		A⁽¹⁾		50,314 ⁽¹⁾	A	$ 7.95 ⁽¹⁾	688,979	D
Common Shares	12/31/2010		D⁽⁵⁾		4,525 ⁽⁵⁾	D ⁽⁵⁾	⁽⁵⁾	684,454	D
Common Shares	12/31/2010		C⁽⁴⁾		50,510 ⁽⁴⁾	A ⁽⁴⁾	⁽⁴⁾	60,729	I	By The LCP Group L.P. ⁽³⁾
Common Shares								60,807	I	By Wife ⁽³⁾

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

December 2010 Non-qualified Share Option ⁽²⁾

$ 7.95 ⁽²⁾

12/31/2010⁽²⁾

A⁽²⁾

188,764 ⁽²⁾

⁽²⁾

12/31/2020⁽²⁾

Common Shares ⁽²⁾

188,764 ⁽²⁾

$ 0 ⁽²⁾

188,764 ⁽²⁾

Limited Partnership Units in Net 3 Acquisition L.P.

⁽⁴⁾

12/31/2010

C⁽⁴⁾

44,858 ⁽⁴⁾

⁽⁴⁾

Common Shares ⁽⁴⁾

50,510 ⁽⁴⁾

⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ROSKIND E ROBERT C/O LEXINGTON REALTY TRUST 1 PENN PLAZA, SUITE 4015 NEW YORK, NY 10119	X		Chairman

Signatures

E. Robert Roskind, by Joseph S. Bonventre , A.I.F.		01/04/2011
^**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)	Award of Non-Vested Common Shares based on closing price on 12/31/2010 that vest ratably over three years.
(2)	Award of Non-Vested Common Share Options on 12/31/2010 that (1) have a ten year term, (2) vest ratably over five years and (2) have an exercise price of $7.95 per option, which is the closing price on 12/31/2010.
(3)	Reporting person disclaims ownership of the reported securities except to the extent of his pecuniary interest therein.
(4)	Redemption of 44,858 units of Net 3 Acquisition L.P. which are redeemable on a 1 for 1.126 basis for Common Shares of the Issuer. The units were received in connection with the merger of certain entities into the Issuer in 2001. The units had no expiration date.
(5)	Forfeiture of Non-Vested Common Shares granted in January, 2006 due to failure to meet certain performance conditions.

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 number.