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

Dec 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2004-12-13

Reporting Person: SHEA KEVIN C (Exec. Vice Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-13	Common Stock	M	2500	$14.50	Acquired	13229.00	Direct
2004-12-13	Common Stock	F	1642	$29.04	Disposed	11587.00	Direct
2004-12-14	Common Stock	A	10	$29.04	Acquired	11597.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-13	Stock Option (right to buy)	$14.50	M	2500	Disposed	2010-12-12	Common Stock (2500.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	140.00	Indirect

Footnotes

F1: Holiday Stock Grant. Shares to be issued as of December 14, 2004.

F2: Upon the date first exercisable, 25% of the grant is vested and an additional 25% of the grant vests each year thereafter.