ONE LIBERTY PROPERTIES INC — Director's Dealing 2011

Jul 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2011-06-30

Reporting Person: Lovejoy Jesse Robert (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-30	Common Stock	P	500	$15.558	Acquired	2741	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28664	Direct
Common Stock	110	Indirect
Common Stock	110	Indirect

Footnotes

F1: Includes shares held in reporting person's IRA.

F2: Includes shares obtained through issuer's dividend reinvestment plan.

F3: Shares are held by reporting person as custodian for one of reporting person's children. Reporting person disclaims any beneficial interest of these securities and this report shall not be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F4: Shares are held by one of reporting person's children. Reporting person disclaims any beneficial interest of these securities and this report shall not be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F5: Shares are held by wife of reporting person. Reporting person disclaims any beneficial interest of these securities and this report shall not be an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.