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

May 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GETTY REALTY CORP /MD/ (GTY)
CIK: 0001052752
Period of Report: 2006-05-18

Reporting Person: COVIELLO PHILIP E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-18	Common Stock	M	5000	$14.50	Acquired	5000.00	Direct
2006-05-18	Common Stock	M	7000	$16.15	Acquired	12000.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-18	Stock Option (right to buy)	$14.50	M		Disposed	2010-12-12	Common Stock (5000.00)	Direct
2006-05-18	Stock Option (right to buy)	$16.15	M		Disposed	2011-09-20	Common Stock (7000.00)	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.