ONE LIBERTY PROPERTIES INC — Director's Dealing 2011

May 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2011-05-16

Reporting Person: RICKETTS LAWRENCE (Exec. Vice President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-16	Common Stock	S	1000	$15.51	Disposed	52871	Direct
2011-05-16	Common Stock	S	1000	$15.37	Disposed	51871	Direct
2011-05-16	Common Stock	S	2800	$15.36	Disposed	49071	Direct
2011-05-16	Common Stock	S	1200	$15.31	Disposed	47871	Direct
2011-05-17	Common Stock	S	1000	$15.35	Disposed	46871	Direct
2011-05-17	Common Stock	S	1100	$15.33	Disposed	45771	Direct
2011-05-17	Common Stock	S	300	$15.32	Disposed	45471	Direct
2011-05-17	Common Stock	S	600	$15.31	Disposed	44871	Direct