X0303 4 2010-01-25 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187903 GOULD JEFFREY 60 CUTTER MILL ROAD, SUITE 303 GREAT NECK NY 11021 1 1 0 0 SENIOR VICE PRESIDENT Common Stock 2010-01-25 4 J 0 3972 10.2046 A 188217 D Common Stock 2010-01-25 4 J 0 260 10.2046 A 12331 I As custodian for minor children Common stock 2010-01-25 4 J 0 294 10.2046 A 13977 I By foundation 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. Includes shares in reporting person's Keogh account. Reporting person disclaims any beneficial interest in these shares. These shares are owned by a charitable foundation of which reporting person is a director. Jeffrey Alan Gould 2010-01-27