SEC FORM 4

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
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^*

CAREY WILLIAM P

(Last)

(First)

(Middle)

C/O W. P. CAREY & CO. LLC

50 ROCKEFELLER PLAZA

(Street)

NEW YORK

10020

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CORPORATE PROPERTY ASSOCIATES 12 INC [ NONE ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2004

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)
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 Stock	07/15/2004		G⁽¹⁾		7,500	D	$11.7	1,695,807.69	I⁽²⁾	Held by W. P. Carey Foundation
Common Stock	07/15/2004		G⁽¹⁾		9,500	D	$11.7	1,686,307.69	I⁽²⁾	Held by W. P. Carey Foundation
Common Stock	02/01/2005		A		24,485.915	A	$12.4	1,942,579.73	I⁽³⁾	Acquired by W. P. Carey & Co. LLC
Common Stock	02/01/2005		A		1,102.255	A	$12.4	1,943,681.985	I⁽³⁾	Acquired by W. P. Carey International LLC
Common Stock	03/01/2005		A		24,485.915	A	$12.4	1,968,167.9	I⁽⁴⁾	Acquired by W. P. Carey & Co. LLC
Common Stock	03/01/2005		A		1,102.255	A	$12.4	1,969,270.155	I⁽⁴⁾	Acquired by W. P. Carey International LLC
Common Stock	04/01/2005		A		24,482.61	A	$12.4	1,993,752.765	I⁽⁵⁾	Acquired by W. P. Carey & Co. LLC
Common Stock	04/01/2005		A		1,102.25	A	$12.4	1,994,855.015	I⁽⁵⁾	Acquired by W. P. Carey International LLC
Common Stock	06/03/2005		A		24,386.79	A	$12.4	2,019,241.805	I⁽⁶⁾	Acquired by W. P. Carey & Co. LLC
Common Stock	06/03/2005		A		1,102.25	A	$12.4	2,020,344.055	I⁽⁶⁾	Acquired by W. P. Carey International LLC
Common Stock	10/17/2006		J⁽⁷⁾		957,426.99	D	$13.3	1,703,957.8219	I⁽⁸⁾	Held by W. P. Carey & Co. LLC
Common Stock	10/18/2006		J⁽⁷⁾		957,426.99	A	$13.3	2,661,384.8119	I⁽⁸⁾	Acquired by Carey V. Shares LLC
Common Stock								4,456.566	D
Common Stock	12/01/2006		D⁽⁹⁾		831	D	$13.3	2,729,899.5919	I⁽¹⁰⁾	Held by W. P. Carey & Co. Inc.
Common Stock	12/01/2006		D⁽⁹⁾		578,258.798	D	$13.3	2,151,640.7939	I⁽¹⁰⁾	Held by Carey Property Advisors, LP
Common Stock	12/01/2006		D⁽⁹⁾		1,119,927.0613	D	$13.3	1,031,713.7329	I⁽¹⁰⁾	Held by W. P. Carey & Co. LLC
Common Stock	12/01/2006		D⁽⁹⁾		56,786.7437	D	$13.3	974,926.9892	I⁽¹⁰⁾	Held by W. P. Carey International LLC
Common Stock	12/01/2006		D⁽⁹⁾		17,500	D	$13.3	957,426.9892	I⁽¹⁰⁾	Held by W. P. Carey Foundation
Common Stock	12/01/2006		D⁽⁹⁾		957,426.99	D	$13.3	0	I⁽¹⁰⁾	Held by Carey V. Shares LLC
Common Stock	12/01/2006		D⁽⁹⁾		4,456.566	D	$13.3	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction represents a bona fide gift. The indicated value per share is based on the NAV as of 7/15/04.

2. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 7/15/2004 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 582,291.0600 W. P. Carey & Co. LLC - 1,072,749.7000 W. P. Carey International LLC - 12,935.9300 W. P. Carey Foundation - 17,500.0000

3. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 2/1/2005 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 582,291.0600 W. P. Carey & Co. LLC - 1,319,610.8115 W. P. Carey International LLC - 23,449.1135 W. P. Carey Foundation - 17,500.0000

4. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 3/1/2005 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 582,291.0600 W. P. Carey & Co. LLC - 1,344,096.7265 W. P. Carey International LLC - 24,551.3685 W. P. Carey Foundation - 17,500.0000

5. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 4/1/2005 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 582,291.0600 W. P. Carey & Co. LLC - 1,368,579.3365 W. P. Carey International LLC - 25,653.6185 W. P. Carey Foundation - 17,500.0000

6. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 6/3/2005 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 582,291.0600 W. P. Carey & Co. LLC - 1,392,966.1265 W. P. Carey International LLC - 26,755.8685 W. P. Carey Foundation - 17,500.0000

7. This transaction repesents a transfer of vested CPA:12 shares from W. P. Carey & Co. LLC to Carey V. Shares LLC.

8. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares as of 10/18/2006 were as follows: W. P. Carey & Co. Inc. - 831.0000 Carey Property Advisors, LP - 578,258.8019 W. P. Carey & Co. LLC - 1,053,317.8078 W. P. Carey International LLC - 54,050.2122 W. P. Carey Foundation - 17,500.0000 Carey V. Shares LLC - 957,426.9900

9. Represents the surrender of shares to the Company in conjunction with its merger with Corporate Property Associates 14 Incorporated on December 1, 2006.

10. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The Reporting Person's indirectly held shares are as follows: W. P. Carey & Co. Inc. - 00.00 Carey Property Advisors, LP - 00.00 W. P. Carey & Co. LLC - 00.00 W. P. Carey International LLC - 00.00 W. P. Carey Foundation - 00.00 Carey V. Shares LLC - 00.00

Remarks:

	/s/ Wm. Polk Carey	12/08/2006
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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