GETTY REALTY CORP /MD/ — Director's Dealing 2003

Sep 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2003-09-17

Reporting Person: LIEBOWITZ LEO (Director, Pres. & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-17	Common Stock	J	232046	$24.82	Acquired	2287366	Direct
2003-09-17	Common Stock	J	310957	$24.82	Acquired	310957	Indirect
2003-09-17	Common Stock	J	85186	$24.82	Acquired	85186	Indirect
2003-09-17	Series A Preferred Stock	J	205133	$28.08	Disposed	0	Direct
2003-09-17	Series A Preferred Stock	J	274892	$28.08	Disposed	0	Indirect
2003-09-17	Series A Preferred Stock	J	75306	$28.08	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46819	Indirect
Common Stock	10000	Indirect
Common Stock	218437	Indirect
Common Stock	10000	Indirect
Common Stock	40724	Indirect

Footnotes

F1: This reporting person converted shares of Series A Convertible Preferred Stock, at a fixed conversion ratio of 1.1312 :1, to shares of the issuer's common stock, pursuant to the terms of the Series A Preferred Stock, resulting in the disposition of such Preferred Stock and the acquisition of common stock.

F2: Held of record by CLS General Partnership Corp., a Delaware corporation, of which the undersigned is a stockholder.

F3: Owned by Spouse. The undersigned disclaims beneficial ownership in these shares.