X0201 42003-09-17 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187906 KALISH DAVID 60 CUTTER MILL ROAD, SUITE 303 GREAT NECK NY 11021 0100VICE PRESIDENTCommon Stock2003-09-174M0125012.375A26887DCommon Stock174561IBy pension trustsCommon Stock241IBy spousePreferred Stock200DPreferred Stock800IBy spouseEmployee Stock Option - Right to Buy12.3752003-09-174M012500D1999-09-252004-03-24Common Stock12503750DEmployee Stock Option - Right to Buy11.1252000-09-232005-03-22Common Stock10631063DEmployee Stock Option -Right to Buy12.192001-09-102006-09-09Common Stock50005000DReporting person, as trusee in 3 pension trusts, indirectly owns 16,356 shares of common stock of issuer in one pension trust, 154,695 shares of common stock of issuer in a second pension trust, and 3,510 shares of common stock of issuer in a third pension trust.David W. Kalish2003-09-17