Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRISWOLD BENJAMIN H IV
   2. Issuer Name and Ticker or Trading Symbol
CAREY W P & CO LLC [WPC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
BROWN ADVISORY, 901 S. BOND ST., SUITE 400		 3. Date of Earliest Transaction (Month/Day/Year)
08/18/2008
(Street)

BALTIMORE, MD 21231		 4. If Amendment, Date 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
(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 Stock 08/18/2008   P   7,274 A $ 30.7012 (1) 32,158 D  
Common Stock 08/18/2008   P   7,274 A $ 30.7012 (2) 41,238 I (3) Acquired by Benjamin H. Griswold, III Marital Trust for the Benefit of Leith S. Griswold
Common Stock 08/18/2008   P   3,636 A $ 30.7012 (4) 44,874 I (3) Acquired by Benjamin H. Griswold, III Grandchildren's Trust
Common Stock 08/18/2008   P   516 A $ 30.7012 (5) 45,390 I (3) Acquired by Benjamin H. Griswold, IV's wife

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRISWOLD BENJAMIN H IV
BROWN ADVISORY
901 S. BOND ST., SUITE 400
BALTIMORE, MD 21231		   X      

Signatures

 /s/ Benjamin H. Griswold, IV   08/20/2008
**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) Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00. The full information regarding the number of shares purchased at each separate price is as follows: Benjamin H. Griswold, IV: 117 $30.9100 , 272 $30.9500 , 235 $30.9700 , 39 $30.9900 , 778 $31.0000 , 1,167 $30.5000 , 115 $30.9800 , 233 $30.8300 , 156 $30.8500 , 389 $30.7500 , 272 $30.5900 , 78 $30.5800 , 233 $30.6400 , 1,984 $30.6500 , 78 $30.6100 , 83 $30.6800 , 111 $30.6900 , 194 $30.6300 , 156 $30.5300 , 39 $30.5500 , 156 $30.5900 , 389 $30.6000 ,
(2) Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00. The full information regarding the number of shares purchased at each separate price is as follows: Benjamin H. Griswold, III Marital Trust 117 $30.9100 , 272 $30.9500 , 235 $30.9700 , 39 $30.9900 , 778 $31.0000 , 1,167 $30.5000 , 115 $30.9800 , 233 $30.8300 , 156 $30.8500 , 389 $30.7500 , 272 $30.5900 , 78 $30.5800 , 233 $30.6400 , 1,984 $30.6500 , 78 $30.6100 , 83 $30.6800 , 111 $30.6900 , 194 $30.6300 , 156 $30.5300 , 39 $30.5500 , 156 $30.5900 , 389 $30.6000 ,
(3) The Reporting Person's indirect share balance includes the following holdings: Benjamin H. Griswold, III Marital Trust for the Benefit of Leith S. Griswold - 29,111 Benjamin H. Griswold, III Grandchildren's Trust - 14,555 Benjamin H. Griswold, IV's wife - 1,724
(4) Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00. The full information regarding the number of shares purchased at each separate price is as follows: Benjamin H. Griswold, III 1982 Grandchildren's Trust 58 $30.9100 , 136 $30.9500 , 118 $30.9700 , 19 $30.9900 , 389 $31.0000 , 583 $30.5000 , 57 $30.9800 , 117 $30.8300 , 78 $30.8500 , 194 $30.7500 , 136 $30.5900 , 39 $30.5800 , 117 $30.6400 , 992 $30.6500 , 39 $30.6100 , 42 $30.6800 , 56 $30.6900 , 97 $30.6300 , 78 $30.5300 , 19 $30.5500 , 78 $30.5900 , 194 $30.6000 ,
(5) Reflects the weighted average purchase price with the range of price paid from $30.50 to $31.00. The full information regarding the number of shares purchased at each separate price is as follows: Wendy G. Griswold: 8 $30.9100 , 19 $30.9500 , 17 $30.9700 , 3 $30.9900 , 55 $31.0000 , 83 $30.5000 , 8 $30.9800 , 16 $30.8300 , 11 $30.8500 , 28 $30.7500 , 19 $30.5900 , 5 $30.5800 , 16 $30.6400 , 141 $30.6500 , 6 $30.6100 , 6 $30.6800 , 8 $30.6900 , 14 $30.6300 , 11 $30.5300 , 3 $30.5500 , 11 $30.5900 , 28 $30.6000 ,

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