X0303 4 2010-01-25 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 2010-01-25 4 J 0 4995 10.2046 A 236687 D Common Stock 2010-01-25 4 J 0 844 10.2046 A 40023 I As custodian Common Stock 2010-01-25 4 J 0 86 10.2046 A 4093 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. 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. Matthew J. Gould 2010-01-27