X0303 4 2010-03-25 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187921 CALLAN PATRICK JR 60 CUTTER MILL ROAD SUITE 303 GREAT NECK NY 11021 1 1 0 0 President and CEO Common Stock 2010-03-25 4 A 0 8400 0 A 47663 D These shares were issued as restricted stock on March 25, 2010, effective as of February 26, 2010, under the issuer's Incentive Plan. The shares vest February 25, 2015. The award is exempt from Section 16(b) under Rule 16b. Patrick J. Callan Jr. 2010-03-25