X0303 4 2009-04-27 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187904 GOULD MATTHEW J 60 CUTTER MILL ROAD, SUITE 303 GREAT NECK NY 11021 1 1 0 0 SENIOR VICE PRESIDENT Common Stock 2009-04-27 4 J 0 11468 3.79 A 209750 D Common Stock 2009-04-27 4 J 0 1894 3.79 A 36738 I As custodian Common Stock 2009-04-27 4 J 0 206 3.79 A 3758 I By spouse Common Stock 2009-04-27 4 J 0 704 3.79 A 12832 I By foundation Common Stock 2009-04-27 4 J 0 59644 3.79 A 1115350 I By partnership As a result of the dividend declared on March 13, 2009 and paid on April 27, 2009 to all stockholders of record on March 30, 2009, these additional shares were received by the reporting person. Includes shares held in reporting person's IRA and Keogh accounts and in money purchase pension plan. Reporting person disclaims any beneficial interest in these shares. These shares are owned by a charitable foundation of which reporting person is a director. Reporting person is president 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. and includes shares obtained through issuer's dividend re-investment plan. Matthew J. Gould 2009-04-27