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: GOULD JEFFREY (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-05	Common Stock	A	9200	—	Acquired	242109	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17834.27	Indirect
Common Stock	13977	Indirect
Common Stock	1785976.381	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: Includes shares in reporting person's Keogh account. Includes shares obtained through issuer's dividend reinvestment plan.

F3: Shares are held by reporting person as custodian for his children. Reporting person disclaims beneficial ownership in these shares. Includes shares obatained through issuer's dividend re-investment plan.

F4: Reporting person is a director of the Gould Shenfeld Family Foundation.

F5: Reporting person is an officer of managing general partner of Gould Investors L.P. Reporting person also holds limited partnership units in Gould Investors L.P. These shares represent all shares of issuer owned by Gould Investors L.P. Includes shares obtained through issuer's dividend reinvestment plan.