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)
Co- Vice Chairman
(Last)
(First)
(Middle)
ONE PENN PLAZA, SUITE 4015		 3. Date of Earliest Transaction (Month/Day/Year)
01/18/2007
(Street)

NEW YORK, NY 10119-4015		 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)
Code V Amount (A) or (D) Price
Common shares 01/18/2007   M   46,128 A $ 0 196,332 I By the Roskind Family Foundation, Inc. (1)
Common shares               635,832 D  
Common shares               33,620 I By The LCP Group L.P. (1)

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0 01/18/2007   M   46,128     (3)   (3) Common Shares 46,128 (2) $ 0 (4) 0 I By The Roskind Family Foundation, Inc. (1)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   310,580 I By The LCP Group L.P. (1)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   398,748 I By E. Robert Roskind Family L.P. (1)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   22,329 D  
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   33,957 I By Third Lero Corp. (1)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   19,231 I By ERR Irrevocable Trust (1)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P. (2) $ 0               (3)   (3) Common Shares 0 (2)   2,299 I By Barnes Properties Inc. (1)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   118,049 D  
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   1,000 I By The Roskind Family 2005 Trust (1)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   391,366 I By The LCP Group L.P. (1)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   100,000 I By Wife (6)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   33,333 I By E. Robert Roskind 2001 Trust (1)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   3,404 I By Third Lero Corp. (1)
Ltd Partnership Units Lepercq Corporate Income Fund II L.P. (5) $ 0               (3)   (3) Common Shares 0 (2)   40,000 I By E. Robert Roskind Family L.P. (1)
Ltd. Partnership Units Net 3 Acquisition L.P. (7) $ 0               (3)   (3) Common Shares 0 (2)   44,858 I By The LCP Group L.P. (1)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ROSKIND E ROBERT
ONE PENN PLAZA, SUITE 4015
NEW YORK, NY 10119-4015		   X     Co- Vice Chairman  

Signatures

 E. Robert Roskind, by Joseph S. Bonventre, A.I.F.   01/22/2007
**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) Mr. Roskind shares voting and investment power with respect to these securities. Mr. Roskind disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(2) Limited partnership units in Lepercq Corporate Income Fund L.P. ("LCIF Units"), which are exchangeable into common shares on a one-for-one basis. The LCIF Units do not carry a conversion or exercise price.
(3) Currently exercisable with no expiration date.
(4) Units were issued in connection with contribution of property or other assets at negotiated values.
(5) Limited partnership units in Lepercq Corporate Income Fund II L.P. ("LCIF II Units"), which are exchangeable into common shares on a one-for-one basis. The LCIF II Units do not carry a conversion or exercise price.
(6) Mr. Roskind disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
(7) Limited partnership units in Net 3 Acquisition L.P. ("Net 3 Units"), which are exchangeable into common shares on a one-for-one basis. The Net 3 Units do not carry a conversion or exercise price.

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