ONE LIBERTY PROPERTIES INC — Director's Dealing 2012

Nov 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2012-11-15

Reporting Person: GOULD FREDRIC H (Director, Chairman of Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-15	Common Stock	P	200	$17.85	Acquired	1523908	Indirect
2012-11-16	Common Stock	P	101	$17.80	Acquired	1524009	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	408643	Direct
Common Stock	141	Indirect
Common Stock	13415	Indirect
Common Stock	4044	Indirect
Common Stock	150355	Indirect
Common Stock	70417	Indirect
Common Stock	13977	Indirect

Footnotes

F1: Reporting person is the sole shareholder of this corporation.

F2: Reporting person is a partner in this partnership.

F3: Reporting person is a trustee of this pension trust.

F4: Reporting person disclaims any beneficial interest in shares held directly by reporting person's spouse. Total includes 13,663 shares of issuer held by the Gould Shenfeld Family Foundation, of which reporting person's spouse is a director.

F5: Reporting person is a director of the Gould Shenfeld Family Foundation.

F6: Reporting person, the sole member of a limited liability company which is a general partner of Gould Investors L.P. and an executive officer of the corporate managing general partner of Gould Investors L.P., indirectly owns shares reported directly by Gould Investors L.P. This represents all shares of issuer owned by Gould Investors L.P. Includes shares acquired through issuer's dividend reinvestment plan.