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ONE LIBERTY PROPERTIES INC Director's Dealing 2012

Jan 18, 2012

32873_dirs_2012-01-18_8cdb8b1d-398e-4f6e-8ad8-040fecfa1e33.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2012-01-16

Reporting Person: GOULD JEFFREY (Director, SENIOR VICE PRESIDENT)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-16 Common Stock A 7400 Acquired 206509 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 12796 Indirect
Common stock 13977 Indirect

Footnotes

F1: These shares were issued as restricted stock effective as of January 16, 2012, under the issuer's 2009 Incentive Plan. The shares vest January 15, 2017. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).

F2: Includes shares in reporting person's Keogh account. Includes shares obtained through issuer's dividend reinvestment plan.

F3: Reporting person disclaims any beneficial interest in these shares. Includes shares obtained through issuer's dividend reinvestment plan.

F4: These shares are owned by a charitable foundation of which reporting person is a director.