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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response 0.5
	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* ROSKIND E ROBERT (Last) (First) (Middle) (Street) (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) X Director 10% Owner X Officer (give title below) Other (specify below) Chairman
	3. Date of Earliest Transaction (Month/Day/Year) 12/31/2008
	4. If Amendment, Date of 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

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 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 )

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
Non-Qualified Share Option	$5.6	12/31/2008		A		289,900		( 3 )	12/31/2018	Common Shares	289,900	$5.6	289,900	D
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	310,580		310,580	I	The LCP Group L.P. ( 2 )
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	398,748		398,748	I	E. Robert Roskind Family L.P. ( 2 )
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	22,329		22,329	D
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	33,957		33,957	I	Third Lero Corp. ( 2 )
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	19,231		19,231	I	ERR Irrovocable Trust ( 2 )
Limited Partnership Units Lepercq Corporate Income Fund L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	2,299		2,299	I	Barnes Properties Inc. ( 2 )
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	118,049		118,049	D
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	1,000		1,000	I	The Roskind Family 2005 Trust ( 2 )
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 2 )	Common Shares	391,366		391,366	I	The LCP Group L.P. ( 2 )
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	100,000		100,000	I	Wife ( 2 )
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	33,333		33,333	I	E. Robert Roskind 2001 Trust
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	3,404		3,404	I	Third Lero Corp. ( 2 )
LTD Partnership Units Lepercq Corporate Income Fund II L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	40,000		40,000	I	E. Robert Roskind Family L.P. ( 2 )
LTD Partnership Units Net 3 Acquisition L.P.	$0 ( 4 )							( 5 )	( 5 )	Common Shares	44,858		44,858	I	The LCP Group L.P. ( 2 )

Explanation of Responses:

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.

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