1 --------------------------- OMB APPROVAL --------------------------- ------ OMB Number: 3235-0287 FORM 4 Expires: December 31, 2001 ------ Estimated average burden hours per response .... 0.5 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP / / Check this box if no longer subject to Filed pursuant to Section 16(a) of the Securities Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the or Form 5 obligations Public Utility Holding Company Act of 1935 may continue. See or Section 30(f) of the Investment Company Instruction 1(b). Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Nickelson, Donald E. W.P. Carey & Co LLC ("WPC") Issuer (Check all applicable) --------------------------------------------------------------------------------------------- X Director 10% Owner (Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- --- Number of Reporting Month/Year Officer (give Other (Specify 8795 E. Orchid Island Circle Person (Voluntary) 1/2001 ---- title --- below) --------------------------------------------- ------------------- below) (Street) ###-##-#### Vice President of Subsidiary ---------------------------- ---------------------------------------------------------- 5. If Amendment, 7. Individual or Joint/Group Filing Date of Original Reporting (Check applicable box) (Month/Year) X Form filed by One ---- Reporting Person Form filed by More than Vero Beach, FL 32963 ---- One Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- (Instr. 3) action tion or Disposed of (D) curities Benefi- ship Date Code (Instr. 3, 4 and 5) cially Owned at Form: (Instr. 8) End of Month Direct (Month/ (Instr. 3 and 4) (D) or Day/ --------------------------------------- Indirect Year) Code V Amount (A) or Price (I) (D) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 1/10/2001 A 368 A _ 13,421 D ------------------------------------------------------------------------------------------------------------------------------------ *Common Stock 1/16/2001 P V 10 A $19.52 13,421 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------

CAREY W P & CO LLC 4