X0303 4 2010-01-25 0000712770 ONE LIBERTY PROPERTIES INC OLP 0001187906 KALISH DAVID 60 CUTTER MILL ROAD SUITE 303 GREAT NECK NY 11021 0 1 0 0 Senior Vice President Common Stock 2010-01-25 4 J 0 1378 10.2046 A 65311 D Common Stock 2010-01-25 4 J 0 66 10.2046 A 3167 I By IRA and profit sharing plan Common Stock 2010-01-25 4 J 0 3656 10.2046 A 173255 I By pension trusts Common Stock 2010-01-25 4 J 0 10 10.2046 A 500 I By spouse 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 is a trustee of BRT Pension Trust, a trustee of Gould Investors L.P. Pension Trust, anda trustee of REIT Management Corp. Pension Plan and Profit Sharing Trust, which,combined, own the number of shares shown. Reporting person disclaims any beneficial interest in these shares. David W. Kalish 2010-01-27