ONE LIBERTY PROPERTIES INC — Director's Dealing 2015

Jan 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2015-01-15

Reporting Person: GOULD FREDRIC H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-15	Common Stock	A	8600	—	Acquired	434443	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	141	Indirect
Common Stock	13415	Indirect
Common Stock	4044	Indirect
Common Stock	150355	Indirect
Common Stock	70417	Indirect
Common Stock	13977	Indirect
Common Stock	1704763.703	Indirect

Footnotes

F1: These shares were issued as restricted stock effective January 15, 2015 under the issuer's 2012 Incentive Plan. The shares vest January 14, 2020. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).

F2: Reporting person is the sole shareholder of Georgetown Partners, Inc.

F3: Reporting person is a partner in 130 Store Company, which owns these shares.

F4: Reporting person is a trustee of BRT Realty Trust Pension Trust, which owns these shares.

F5: Reporting person is a trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which combined own the number of shares shown.

F6: Reporting person disclaims beneficial interest in these shares. Reporting person's spouse is a director of the Gould Shenfeld Family Foundation which owns 23,469 shares of issuer.

F7: Reporting person is a director of the Gould Shenfeld Family Foundation.

F8: Reporting person, the sole member of a limited liability company which is a general partner of Gould Investors L.P. and a director 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.