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^*

Karst Jan F

(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	39,868	D
Common Stock	4,997	I	By wife
Common Stock	2,658	I	Held in trust for minor child
Common Stock	4,113	I	Held in trust for minor child
Common Stock	3,644	I	Held in trust for minor child

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⁾	06/30/2014	Common Stock	81	$29.78	D
Employee Stock Option (right to buy)	⁽²⁾	06/30/2015	Common Stock	1,966	$29.28	D
Employee Stock Option (right to buy)	⁽³⁾	12/31/2015	Common Stock	1,642	$25.36	D
Employee Stock Option (right to buy)	⁽⁴⁾	06/30/2016	Common Stock	1,437	$25.32	D
Employee Stock Option (right to buy)	⁽⁵⁾	12/31/2016	Common Stock	224	$30.07	D
Employee Stock Option (right to buy)	⁽⁶⁾	06/30/2017	Common Stock	1,770	$31.45	D
Employee Stock Option (right to buy)	⁽⁷⁾	12/31/2017	Common Stock	12,374	$33.2	D

Explanation of Responses:

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

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

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

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

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

6. The options were fully vested upon grant but become exercisable in five equal annual installments beginning on 06/30/2012 and ending on 6/30/2016.

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

Remarks:

As of January 13, 2012, the Reporting Person was deemed to beneficially own more than 10% of the Issuer's outstanding Common Stock because on that date he was appointed as a co-executor of an estate that owns more than 10% of the Issuer's outstanding Common Stock.

	/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.