ONE LIBERTY PROPERTIES INC — Director's Dealing 2012

Mar 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2012-03-15

Reporting Person: Lovejoy Jesse Robert (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-15	Common Stock	P	100	$17.85	Acquired	32091	Direct
2012-03-15	Common Stock	P	200	$17.893	Acquired	32291	Direct
2012-03-15	Common Stock	P	100	$17.916	Acquired	32391	Direct
2012-03-15	Common Stock	P	153	$17.951	Acquired	32544	Direct
2012-03-15	Common Stock	P	141	$18.041	Acquired	32685	Direct
2012-03-15	Common Stock	P	100	$18.04	Acquired	32785	Direct
2012-03-15	Common Stock	P	100	$18.049	Acquired	32885	Direct
2012-03-15	Common Stock	P	100	$18.025	Acquired	32985	Direct
2012-03-15	Common Stock	P	100	$18.026	Acquired	33085	Direct
2012-03-15	Common Stock	P	706	$18.059	Acquired	33791	Direct
2012-03-15	Common Stock	P	1700	$18.034	Acquired	35491	Direct
2012-03-15	Common Stock	P	1311	$17.75	Acquired	4052	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
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.