GETTY REALTY CORP /MD/ — Director's Dealing 2006

Nov 20, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2006-11-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-16	Common Stock	M	5000	$18.30	Acquired	16607.00	Direct
2006-11-16	Common Stock	M	2500	$16.15	Acquired	19107.00	Direct
2006-11-16	Common Stock	F	5318	$30.55	Disposed	13789.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-16	Stock Option (right to buy)	$16.15	M	2500	Disposed	2011-09-20	Common Stock (2500.00)	Direct
2006-11-16	Stock Option (right to buy)	$18.30	M	5000	Disposed	2012-11-12	Common Stock (5000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	165.00	Indirect

Footnotes

F1: Upon the date first exercisable, 25% of the grant is vested and an additional 25% of the grant vests each year thereafter.