ONE LIBERTY PROPERTIES INC — Director's Dealing 2016

Jan 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONE LIBERTY PROPERTIES INC (OLP)
CIK: 0000712770
Period of Report: 2016-01-05

Reporting Person: KALISH DAVID (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-05	Common Stock	A	9200	—	Acquired	117611	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18852	Indirect
Common Stock	150354	Indirect
Common Stock	4044	Indirect
Common Stock	500	Indirect

Footnotes

F1: These shares were issued as restricted stock effective January 5, 2016 under the issuer's 2012 Incentive Plan. The shares vest January 4, 2021. The award is exempt from Section 16(b) under Rule 16b-3(d)(1).

F2: Total includes shares owned by IRA of reporting person and shares owned by profit sharing trust.

F3: Reporting person is a trustee of Gould Investors L.P. Pension Trust.

F4: Reporting person is a trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which combined own the number of shares shown.

F5: Reporting person is a trustee of BRT Realty Trust Pension Trust, which owns these shares.

F6: Reporting person disclaims any beneficial interest in these shares.