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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1. Name and Address of Reporting Person * EGLIN T WILSON   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) CEO and President (Last) (First) (Middle) C/O LEXINGTON REALTY TRUST, 1 PENN PLAZA 3. Date of Earliest Transaction (Month/Day/Year) 03/07/2011 (Street) NEW YORK, NY 10119 4. If Amendment, Date Original Filed(Month/Day/Year) 03/07/2011 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 03/07/2011   M   160,554 A $ 4.97 602,786 D   Common Shares 03/07/2011   F(1)   84,439 D $ 9.45 518,347 D   Common Shares 03/07/2011   F(2)   27,568 D $ 9.45 490,779 D   Common Shares 03/07/2011   M   66,000 A $ 6.39 556,779 D   Common Shares 03/07/2011   F(1)   44,628 D $ 9.45 512,151 D   Common Shares 03/07/2011   F(2)   7,740 D $ 9.45 504,411 D

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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

2008 Non-qualified Share Option

$ 4.97

03/07/2011

M

160,554

(3)

12/31/2018

Common Shares

160,554 (3)

$ 0

263,202

D

2010 Non-qualified Share Option

$ 6.39

03/07/2011

M

66,000

(4)

12/31/2019

Common Shares

66,000 (4)

$ 0

264,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
EGLIN T WILSON C/O LEXINGTON REALTY TRUST 1 PENN PLAZA NEW YORK, NY 10119	X		CEO and President

Signatures

T. Wilson Eglin, by Joseph S. Bonventre, A.I.F.		03/08/2011
**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)	Payment of option exercise price by witholding securities incident to exercise of options issued in accordance with Rule 16b-3.
(2)	Payment of tax liability by witholding securities incident to exercise of options issued in accordance with Rule 16b-3.
(3)	50% vested upon the 20-day trading average closing price exceeding $8.00 per share and the remaining 50% vest upon the 20-day trading average closing price exceeding $10.00 per share.
(4)	20% vested on December 31, 2010 and 20% vests on each of December 31, 2011, 2012, 2013 and 2014.
Remarks: The Form 4 filed March 7, 2011 is restated in its entirity.

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