ONE LIBERTY PROPERTIES INC — Director's Dealing 2012

Mar 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2012-03-21

Reporting Person: Lovejoy Jesse Robert (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-21	Common Stock	P	100	$18.163	Acquired	35591	Direct
2012-03-21	Common Stock	P	844	$18.172	Acquired	36435	Direct
2012-03-21	Common Stock	P	900	$18.226	Acquired	37335	Direct
2012-03-21	Common Stock	P	156	$18.238	Acquired	37491	Direct
2012-03-21	Common Stock	P	418	$18.31	Acquired	37909	Direct
2012-03-21	Common Stock	P	100	$18.32	Acquired	38009	Direct
2012-03-21	Common Stock	P	21	$18.328	Acquired	38030	Direct
2012-03-21	Common Stock	P	118	$18.376	Acquired	38148	Direct
2012-03-21	Common Stock	P	221	$18.378	Acquired	38369	Direct
2012-03-21	Common Stock	P	3679	$18.386	Acquired	42048	Direct
2012-03-21	Common Stock	P	100	$18.39	Acquired	42148	Direct
2012-03-21	Common Stock	P	18	$18.42	Acquired	42166	Direct
2012-03-21	Common Stock	P	118	$18.428	Acquired	42284	Direct
2012-03-21	Common Stock	P	18	$18.44	Acquired	42302	Direct
2012-03-21	Common Stock	P	189	$18.458	Acquired	42491	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	110	Indirect
Common Stock	110	Indirect
Common Stock	4052	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.