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^*

ROSKIND E ROBERT

(Last)

(First)

(Middle)

ONE PENN PLAZA, SUITE 4015

(Street)

NEW YORK

10119-4015

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LEXINGTON CORPORATE PROPERTIES 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

3. Date of Earliest Transaction (Month/Day/Year)
12/28/2006

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 shares	12/28/2006		A		38,563⁽¹⁾	A	$0	689,650	D
Common shares	12/29/2006		F		53,818	D	$21.94	635,832	D
Common shares								150,204	I	By the Roskind Family Foundation, Inc.⁽²⁾
Common shares								33,620	I	By The LCP Group L.P.⁽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)
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)
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0	12/29/2006		G	V		41,110	⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾	$0⁽⁵⁾	310,580	I	By The LCP Group L.P.⁽²⁾
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0	12/29/2006		G	V		4,810	⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾	$0⁽⁵⁾	398,748	I	By E. Robert Roskind Family L.P.⁽²⁾
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0	12/29/2006		G	V		208	⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾	$0⁽⁵⁾	22,329	D
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0	12/29/2006		G	V	46,128		⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾	$0⁽⁵⁾	46,128	I	By The Roskind Family Foundation, Inc.⁽²⁾
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		33,957	I	By Third Lero Corp.⁽²⁾
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		19,231	I	By ERR Irrevocable Trust⁽²⁾
Ltd. Partnership Units Lepercq Corporate Income Fund L.P.⁽³⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		2,299	I	By Barnes Properties Inc.⁽²⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		118,049	D
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		1,000	I	By The Roskind Family 2005 Trust⁽²⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		391,366	I	By The LCP Group L.P.⁽²⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		100,000	I	By Wife⁽⁷⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		33,333	I	By E. Robert Roskind 2001 Trust⁽²⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		3,404	I	By Third Lero Corp.⁽²⁾
Ltd Partnership Units Lepercq Corporate Income Fund II L.P.⁽⁶⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		40,000	I	By E. Robert Roskind Family L.P.⁽²⁾
Ltd. Partnership Units Net 3 Acquisition L.P.⁽⁸⁾	$0							⁽⁴⁾	⁽⁴⁾	Common Shares	0⁽³⁾		44,858	I	By The LCP Group L.P.⁽²⁾

Explanation of Responses:

1. Share grant subject to performance and/or time based vesting.

2. 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.

3. 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.

4. Currently exercisable with no expiration date.

5. Units were issued in connection with contribution of property or other assets at negotiated values.

6. 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.

7. Mr. Roskind disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

8. 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.

Remarks:

	E. Robert Roskind, by Joseph S. Bonventre, A.I.F.	01/03/2007
	** 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).
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