SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Estate of Wm. Polk Carey

(Last)

(First)

(Middle)

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

50 ROCKEFELLER PLAZA

(Street)

NEW YORK

10020

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/13/2012

3. Issuer Name and Ticker or Trading Symbol
W P CAREY & CO LLC [ WPC ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,313,883.7726	D
Common Stock	7,114,735.3152	I	W. P. Carey & Co. Inc.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	⁽¹⁾	03/31/2012	Common Stock	182,725	$23	D
Employee Stock Option (right to buy)	⁽²⁾	12/31/2012	Common Stock	6,818	$24.75	D
Employee Stock Option (right to buy)	⁽³⁾	06/30/2014	Common Stock	7,933	$29.78	D
Employee Stock Option (right to buy)	⁽⁴⁾	12/31/2014	Common Stock	230	$35.16	D
Employee Stock Option (right to buy)	⁽⁵⁾	06/30/2015	Common Stock	6,501	$29.28	D
Employee Stock Option (right to buy)	⁽⁶⁾	12/31/2015	Common Stock	266	$25.36	D
Employee Stock Option (right to buy)	⁽⁷⁾	06/30/2016	Common Stock	3,786	$25.32	D
Employee Stock Option (right to buy)	⁽⁸⁾	12/31/2016	Common Stock	224	$30.07	D
Employee Stock Option (right to buy)	⁽⁹⁾	06/30/2017	Common Stock	8,328	$31.45	D
Employee Stock Option (right to buy)	⁽¹⁰⁾	12/31/2017	Common Stock	1,220	$33.2	D

Explanation of Responses:

1. The options vested in three equal annual installments beginning 4/1/2003 and ending 2/15/2005.

2. The options were fully vested upon grant and became exercisable in five equal annual installments beginning 12/31/2007 and ending 12/31/2011.

3. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 6/30/2009 and ending 6/30/2013.

4. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 12/31/2009 and ending 12/31/2013.

5. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 6/30/2010 and ending 6/30/2014.

6. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 12/31/2010 and ending 12/31/2014.

7. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 6/30/2011 and ending 6/30/2015.

8. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 12/31/2011 and ending 12/31/2015.

9. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 6/30/2012 and ending 6/30/2016.

10. The options were fully vested upon grant but become exercisable in five equal annual installments beginning 12/31/2012 and ending 12/31/2016.

Remarks:

	/s/ James A. Fitzgerald, Attorney-in-fact	01/23/2012
	** 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 5 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.