GETTY REALTY CORP /MD/ — Director's Dealing 2004

Feb 13, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2003-12-31

Reporting Person: SAFENOWITZ HOWARD B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	Common Stock	G	38500	—	Disposed	89303	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	164692	Direct
Common Stock	23479	Indirect
Common Stock	12443	Indirect
Common Stock	1837894	Indirect
Common Stock	11523	Indirect
Common Stock	515000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$16.15	2011-09-20	Common Stock (7000)	7000	Direct
Stock Option (right to buy)	$18.30	2012-11-12	Common Stock (7000)	7000	Direct
Stock Option (right to buy)	$14.50	2010-12-12	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$11.13	2009-12-17	Common Stock (5000)	5000	Direct

Footnotes

F1: As Co-Trustee of The Marilyn Safenowitz Irrevocable Trust u/a/d 12/13/94, in which he has no beneficial interest.

F2: Shares held by The Safenowitz Partners, LP ( the ''Limited Partnership''). The undersigned is the President of Safenowitz Family Corp., which is the General Partner of the Limited Partnership. The undersigned disclaims beneficial ownership of the shares held by the Limited Partnership, except to the extent of his pecuniary interest therein.

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

F4: As President of the General Partner of The Safenowitz Family Partnership, LP. The undersigned disclaims beneficial ownership of the shares held by the Partnership, except to the extent of his pecuniary interest therein.

F6: Upon the date first exercisable, 25% of the grant is vested and an additional 25% of the grant vests each year thereafter.