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

Nov 16, 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: COVIELLO PHILIP E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-16	Common Stock	M	10531	$24.06	Acquired	38328.00	Direct
2006-11-16	Common Stock	F	8295	$30.55	Disposed	30033.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-16	Stock Option (right to buy)	$24.06	M	10531	Disposed	2006-12-13	Common Stock (10531.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4000.00	Indirect
Common Stock	25656.00	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.