Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Lexington Realty Trust
(Name of Issuer)
Common Shares of Beneficial Interest, par value $0.0001 per share
(Title of Class of Securities)
529043101
(CUSIP Number)
Joseph Macnow
Executive Vice President - Finance and Chief Administrative Officer
Vornado Realty Trust
888 Seventh Avenue
New York, New York 10019
(212) 894-7000
Vornado Realty Trust
888 Seventh Avenue
New York, New York 10019
(212) 894-7000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
to Receive Notices and Communications)
With a copy to:
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, New York 10004
(212) 558-4000
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, New York 10004
(212) 558-4000
February 28, 2019
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐
NOTE: Schedules filed in paper format shall include a signed original and five copies of
the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be
“filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
(Page 1 of 10 Pages)
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CUSIP No. 529043101
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13D
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Page 2
of 10 Pages
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||||||||
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Vornado Realty Trust 22-1657560
|
|||||||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐
(b) ☒
|
||||||||
|
3
|
SEC USE ONLY
|
|||||||||
|
4
|
BK WC
|
|||||||||
| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
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|||||||||
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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|||||||||
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||||||
|
8
|
SHARED VOTING POWER
0
|
|||||||||
|
9
|
SOLE DISPOSITIVE POWER
0
|
|||||||||
|
10
|
SHARED DISPOSITIVE POWER
0
|
|||||||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
|||||||||
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|||||||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|||||||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (real estate investment trust)
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|||||||||
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CUSIP No. 529043101
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13D
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Page 3
of 10 Pages
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||||||||
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Vornado Realty L.P. 13-3925979
|
|||||||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐
(b) ☒
|
||||||||
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3
|
SEC USE ONLY
|
|||||||||
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4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
BK WC
|
|||||||||
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
|
|||||||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||||||||
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||||||
|
8
|
SHARED VOTING POWER
0
|
|||||||||
|
9
|
SOLE DISPOSITIVE POWER
0
|
|||||||||
|
10
|
SHARED DISPOSITIVE POWER
0
|
|||||||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
|||||||||
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|||||||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|||||||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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|||||||||
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CUSIP No. 529043101
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13D
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Page 4
of 10 Pages
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||||||||
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Vornado LXP LLC. 26-3608795
|
|||||||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐
(b) ☒
|
||||||||
|
3
|
SEC USE ONLY
|
|||||||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
BK WC
|
|||||||||
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
|
|||||||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||||||||
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||||||
|
8
|
SHARED VOTING POWER
0
|
|||||||||
|
9
|
SOLE DISPOSITIVE POWER
0
|
|||||||||
|
10
|
SHARED DISPOSITIVE POWER
0
|
|||||||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
|||||||||
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|||||||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|||||||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (limited liability company)
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|||||||||
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CUSIP No. 529043101
|
13D
|
Page 5
of 10 Pages
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||||||||
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Vornado Newkirk L.L.C. 22-3594286
|
|||||||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐
(b) ☒
|
||||||||
|
3
|
SEC USE ONLY
|
|||||||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||||||||
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
|
|||||||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||||||||
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||||||
|
8
|
SHARED VOTING POWER
0
|
|||||||||
|
9
|
SOLE DISPOSITIVE POWER
0
|
|||||||||
|
10
|
SHARED DISPOSITIVE POWER
0
|
|||||||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
|||||||||
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|||||||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
|
|||||||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (limited liability company)
|
|||||||||
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CUSIP No. 529043101
|
13D
|
Page 6
of 10 Pages
|
||||||||
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VNK L.L.C. 52-2412511
|
|||||||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐
(b) ☒
|
||||||||
|
3
|
SEC USE ONLY
|
|||||||||
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|||||||||
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
|
|||||||||
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||||||||
|
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
||||||||
|
8
|
SHARED VOTING POWER
0
|
|||||||||
|
9
|
SOLE DISPOSITIVE POWER
0
|
|||||||||
|
10
|
SHARED DISPOSITIVE POWER
0
|
|||||||||
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
|||||||||
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
|||||||||
|
13
|
PERCENT OF CLASS REPRESENTED BY AM
OUNT IN ROW (11)
0%
|
|||||||||
|
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO (limited liability company)
|
|||||||||
This Amendment No. 2 (this “Amendment”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission
by Vornado Realty Trust, a Maryland real estate investment trust, Vornado Realty L.P., a Delaware limited partnership, Vornado LXP LLC, a Delaware limited liability company, Vornado Newkirk L.L.C., a Delaware limited liability company and VNK
L.L.C., a Delaware limited liability company on November 12, 2008 and amended on September 13, 2013 (as so amended, the “Schedule 13D”), relating to the Common Shares of Beneficial Interest of Lexington Realty Trust, a Maryland real estate
investment trust (the “Issuer”), par value $0.0001 per share (“Common Shares”). All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is
amended only with respect to those items listed below.
|
ITEM 2.
|
IDENTITY AND BACKGROUND
|
Item 2 of the Schedule 13D is hereby amended and supplemented by replacing Schedule I thereto with Schedule I hereto.
|
ITEM 5.
|
INTEREST IN SECURITIES OF THE ISSUER
|
Item 5 of the Schedule 13D is hereby amended by adding the following information:
(a) and (b). See the rows numbered 7, 8, 9, 10, 11 and 13 on each of pages 2, 3, 4, 5 and 6 of this Amendment, which are
incorporated in this Item 5 by reference. As of February 28, 2019 (after giving effect to the transaction described in Item 5(c) below), the Reporting Persons do not beneficially own any Common Shares.
(c). On February 28, 2019, all 18,468,969 Common Shares beneficially owned by the Reporting Persons were sold in a block trade to
J.P Morgan Securities LLC at a price of $9.08 per share.
Except as disclosed herein, since the date that is 60 days before the date of this Amendment, there have been no transactions in
the Common Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of the persons listed on Schedule I hereto.
(e). The Reporting Persons ceased to be beneficial owners of more than five percent of the Common Shares on February 28, 2019,
after giving effect to the transaction described in Item 5(c) above.
Page 7 of 10 Pages
SCHEDULE I
The following is a list of trustees and executive officers of Vornado Realty Trust, their
residence or business address, their present principal occupation or employment and the name, principal business and address of any organization in which such employment is conducted. All of the individuals listed below are citizens of the United
States.
|
Name
|
Residence or Business Address
|
Present Principal Occupation or Employment
|
|
Steven Roth
(Trustee of Vornado)
|
Vornado Realty Trust
888 Seventh Avenue
New York, New York 10019
|
Chairman of the Board and Chief Executive Officer of Vornado, 888 Seventh Avenue, New York, New York 10019; Managing
General Partner of Interstate Properties (“Interstate”), an owner of shopping centers and an investor in securities and partnerships, c/o Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019; Chief Executive Officer of
Alexander’s Inc. since March 1995, a Director since 1989, and Chairman since May 2004, c/o Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019.
|
|
Candace K. Beinecke
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Chairperson of Hughes Hubbard & Reed LLP, One Battery Park Plaza
New York, New York 10004-1482. |
|
Michael D. Fascitelli
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Owner of MDF Capital LLC, a private investment firm, 888 Seventh Avenue, New York, New York 10019.
|
|
Robert P. Kogod
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
President of Charles E. Smith Management LLC, a private investment firm, 2345 Crystal Dr. Ste. 1101, Arlington, VA 22202
(11th Floor).
|
|
Michael Lynne
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Principal of Unique Features, a media company, 888 Seventh Avenue, New York, New York 10019 (Suite 1601).
|
|
David M. Mandelbaum
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Member of the law firm of Mandelbaum & Mandelbaum, P.C., 80 Main Street, West Orange, New Jersey 07052; a general
partner of Interstate (see details above).
|
|
Mandakini Puri
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Independent consultant, 888 Seventh Avenue, New York, New York 10019.
|
|
Daniel R. Tisch
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Managing Member of TowerView LLC, a private investment partnership, 500 Park Avenue, New York, New York 10022.
|
|
Richard R. West
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
Dean Emeritus, Leonard N. Stern School of Business, New York University, Henry Kaufman Management Center, 44 West Fourth
Street, New York, New York 10012.
|
|
Russell B. Wight, Jr.
(Trustee of Vornado)
|
c/o Vornado Realty Trust
(see address above)
|
A general partner of Interstate (see details above).
|
|
Michael J. Franco
|
Vornado Realty Trust
(see address above)
|
Executive Vice President---Chief Investment Officer of Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019.
|
|
David R. Greenbaum
|
Vornado Realty Trust
(see address above)
|
President of the New York Division of Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019.
|
|
Joseph Macnow
|
Vornado Realty Trust
(see address above)
|
Executive Vice President---Chief Financial Officer and Chief Administrative Officer of Vornado Realty Trust, 888 Seventh
Avenue, New York, New York 10019.
|
Page 8 of 10 Pages
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each Reporting Person,
each Reporting Person certifies that the information set forth in this statement is true, complete and correct.
Date: March 4, 2019
|
VORNADO REALTY TRUST
|
||
|
By:
|
/s/ JOSEPH MACNOW
|
|
|
Name:
|
Joseph Macnow
|
|
|
Title:
|
Executive Vice President - Chief Financial Officer and Chief Administrative Officer
|
|
|
VORNADO REALTY L.P.
|
||
|
By:
|
/s/ JOSEPH MACNOW
|
|
|
Name:
|
Joseph Macnow
|
|
|
Title:
|
Executive Vice President - Chief Financial Officer and Chief Administrative Officer
|
|
|
VORNADO LXP LLC
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member |
|||
|
By:
|
Vornado Realty Trust,
its general partner |
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Chief Financial Officer and Chief Administrative Officer
|
|||
Page 9 of 10 Pages
|
VNK L.L.C.
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member |
|||
|
By:
|
Vornado Realty Trust,
its general partner |
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Chief Financial Officer and Chief Administrative Officer
|
|||
|
VORNADO NEWKIRK L.L.C.
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member |
|||
|
By:
|
Vornado Realty Trust,
its general partner |
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Chief Financial Officer and Chief Administrative Officer
|
|||
Page 10 of 10 Pages