SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
AP LXP Holdings, LLC
(Last) (First) (Middle)
TWO MANHATTANVILLE ROAD SUITE 204
(Street)
PURCHASE NY 10577
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEXINGTON REALTY TRUST [ LXP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/22/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 10/22/2008 C ( 1 ) 18,687,236 A $0 18,687,236 D ( 2 )
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Units of Limited Partnership $0 ( 3 ) 10/22/2008 C ( 1 ) 18,647,236 ( 4 ) ( 4 ) Common Stock 18,647,236 $0 0 D
1. Name and Address of Reporting Person*
AP LXP Holdings, LLC
(Last) (First) (Middle)
TWO MANHATTANVILLE ROAD SUITE 204
(Street)
PURCHASE NY 10577
(City) (State) (Zip)
1. Name and Address of Reporting Person*
APOLLO REAL ESTATE INVESTMENT FUND III LP
(Last) (First) (Middle)
(Street)
(City) (State) (Zip)
1. Name and Address of Reporting Person*
APOLLO REAL ESTATE ADVISORS III L P
(Last) (First) (Middle)
TWO MANHATTANVILLE ROAD
(Street)
PURCHASE NY 10577
(City) (State) (Zip)
1. Name and Address of Reporting Person*
APOLLO REAL ESTATE CAPITAL ADVISORS III INC
(Last) (First) (Middle)
TWO MANHATTANVILLE ROAD
(Street)
PURCHASE NY 10577
(City) (State) (Zip)
Explanation of Responses:
1. Shares were issued upon conversion of limited partnership units held in The Lexington Master Limited Partnership in accordance with the terms of The Lexington Master Limited Partnership's partnership agreement.
2. AP LXP Holdings, LLC, a Delaware limited liability company ("AP LXP"), holds the shares directly. Apollo Real Estate Investment Fund III, L.P., a Delaware limited partnership ("AREIF III"), is the sole member of AP LXP. Apollo Real Estate Advisors III, L.P., a Delaware limited partnership ("AREA III"), is the general partner of AREIF III, and Apollo Capital Advisors III, Inc., a Delaware corporation, is the general partner of AREA III.
3. Each unit was converted for one share of Lexington Realty Trust common stock.
4. No longer applicable
AP LXP Holdings, LLC, by Stuart Koenig, Vice President 10/24/2008
Apollo Real Estate Investment Fund III, L.P., by Apollo Real Estate Advisors III, L.P., its general partner, by Apollo Capital Advisors III, Inc., its general partner, by Stuart Koening, Vice President 10/24/2008
Apollo Real Estate Advisors III, L.P., by Apollo Capital Advisors III, Inc., its general partner, by Stuart Koenig, Vice President 10/24/2008
Apollo Capital Advisors III, Inc., by Stuart Koenig, Vice President 10/24/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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