X0303 4 2010-01-25 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187901 GOULD FREDRIC H 60 CUTTER MILL ROAD SUITE 303 GREAT NECK NY 11021 1 1 0 0 Chariman of Board Common Stock 2010-01-25 4 J 0 8258 10.2046 A 391343 D Common Stock 2010-01-25 4 J 0 2 10.2046 A 141 I By corporation Common Stock 2010-01-25 4 J 0 283 10.2046 A 13415 I By partnership Common Stock 2010-01-25 4 J 0 85 10.2046 A 4044 I By pension trust Common Stock 2010-01-25 4 J 0 3173 10.2046 A 150355 I By pension and profit sharing funds of REIT Management Corp. Common Stock 2010-01-25 4 J 0 1486 10.2046 A 70417 I By spouse Common Stock 2010-01-25 4 J 0 294 10.2046 A 13977 I By foundation Common Stock 2010-01-25 4 J 0 27325 10.2046 A 1295546 I By limited partnership As a result of the dividend declared on December 11, 2009 and paid on January 25, 2010 to all stockholders of record on December 22, 2009, these additional shares were received by the reporting person. Reporting person disclaims any beneficial interest in shares held directly by reporting person's spouse. Total includes 13,663 shares of issuer held by the Gould Shenfeld Family Foundation, of which reporting person's spouse is a director. Reporting person is a director of the Gould Shenfeld Family Foundation. Reporting person is a partner in this partnership. Reporting person is a trustee of this pension trust. Reporting person is the sole shareholder of this corporation. Reporting person, the sole member of a limited liability company which is a general partner of Gould Investors L.P. and an executive officer of the corporate managing general partner of Gould Investors L.P., indirectly owns shares reported directly by Gould Investors L.P. This represents all shares of issuer owned by Gould Investors L.P. Fredric H. Gould by David Kalish, his attorney in fact 2010-01-27