Item 3.02. Unregistered Sale of Equity Securities.

On December 6, 2012, Lexington Realty Trust, which we refer to as the Trust, issued 721,300 shares of beneficial interest, par value $0.0001 per share, classified as common stock, which we refer to as Common Shares, upon conversion of $5,000,000 original principal amount of the Trust's 6.00% Convertible Guaranteed Notes due 2030, which we refer to as the 2010 Convertible Notes, at the stated current conversion rate of 144.2599 Common Shares per $1,000 principal amount of the 2010 Convertible Notes. The conversion was pursuant to
(1) a Conversion Agreement, dated as of December 3, 2012, and (2) an exemption from registration pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended, which we refer to as the Securities Act. In connection with the conversion, the Trust made a cash payment to the converting holder in the amount of $406,019.49, plus accrued and unpaid interest with respect to the 2010 Convertible Notes being converted.

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