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ONE LIBERTY PROPERTIES INC Director's Dealing 2012

Jan 18, 2012

32873_dirs_2012-01-18_e7f2876c-8ae9-4edd-b9c9-2608feeec91b.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: LUNDY MARK H (Sr. Vice Presdient and Secy.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-16	Common Stock	A	7400	—	Acquired	68085	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1266	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: Reporting person indirectly owns these shares of common stock as custodian for his children; reporting person disclaims any beneficial ownership in these shares.