ONE LIBERTY PROPERTIES INC — Director's Dealing 2011

Mar 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2011-03-18

Reporting Person: Lovejoy Jesse Robert (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-18	Common Stock	P	100	$14.55	Acquired	14990	Direct
2011-03-18	Common Stock	P	400	$14.56	Acquired	15390	Direct
2011-03-18	Common Stock	P	700	$14.58	Acquired	16090	Direct
2011-03-18	Common Stock	P	200	$14.61	Acquired	16290	Direct
2011-03-18	Common Stock	P	200	$14.62	Acquired	16490	Direct
2011-03-18	Common Stock	P	100	$14.6343	Acquired	16590	Direct
2011-03-18	Common Stock	P	3400	$14.639	Acquired	19990	Direct
2011-03-18	Common Stock	P	3000	$14.64	Acquired	22990	Direct
2011-03-18	Common Stock	P	1900	$14.65	Acquired	24890	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	228	Indirect
Common Stock	113	Indirect
Common Stock	2241	Indirect

Footnotes

F1: Includes shares obtained through issuer's dividend reinvestment plan.

F2: Shares are held by reporting person as custodian for two 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.

F3: Shares are held by daughter 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.

F4: 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.