Sec Form 4 Filing - LIEBOWITZ LEO @ GETTY REALTY CORP /MD/ - 2020-09-17

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LIEBOWITZ LEO
2. Issuer Name and Ticker or Trading Symbol
GETTY REALTY CORP /MD/ [ GTY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O GETTY REALTY CORP., TWO JERICHO PLAZA WING C, STE 110
3. Date of Earliest Transaction (MM/DD/YY)
09/17/2020
(Street)
JERICHO, NY11753
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/17/2020 J V 607,652 ( 1 ) D $ 0 0 I By Liebowitz Realty II LLC ( 2 )
Common Stock 09/17/2020 J V 6,074 ( 3 ) A $ 0 256,883 I By Rose Liebowitz Revocable Trust ( 4 )
Common Stock 11/02/2020 J V 11,220 ( 10 ) D $ 0 24,494 D
Common Stock 11/02/2020 J V 11,220 ( 10 ) A $ 0 1,016,340 I By Leo Liebowitz Revocable Trust ( 5 )
Common Stock 11/10/2020 J V 74,928 ( 10 ) D $ 0 364,763 I By Liebowitz Realty LLC ( 6 )
Common Stock 11/10/2020 J V 74,928 ( 10 ) A $ 0 1,091,268 I By Leo Liebowitz Revocable Trust ( 5 )
Common Stock 11/17/2020 J V 3,26 1 ( 10 ) D $ 0 361,502 I By Liebowitz Realty LLC ( 6 )
Common Stock 11/17/2020 J V 3,261 ( 10 ) A $ 0 1,094,529 I By Leo Liebowitz Revocable Trust ( 5 )
Common Stock 11/18/2020 J V 255,751 ( 10 ) ( 7 ) D $ 0 105,751 I By Liebowitz Realty LLC ( 6 )
Common Stock 11/18/2020 J V 255,751 ( 10 ) A $ 0 1,350,280 I By Leo Liebowitz Revocable Trust ( 5 )
Common Stock 3,872 I By Spouse
Common Stock 34,200 I By Liebowitz 2015 Family Trust ( 8 )
Common Stock 439 I By 401(k)
Common Stock 310,957 I By CLS ( 9 )
Common Stock 56,434 I By Charitable Foundation
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LIEBOWITZ LEO
C/O GETTY REALTY CORP.
TWO JERICHO PLAZA WING C, STE 110
JERICHO, NY11753
X
Signatures
/s/ Leo Liebowitz 12/14/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Distribution of shares, for estate planning purposes, by Liebowitz Realty II LLC to its members in proportion to such members' interests. As a result of this distribution, Liebowitz Realty II LLC owns no shares of GTY common stock.
( 2 )This footnote corrects a prior footnote which incorrectly stated that Reporting Person was the sole member of this LLC, when it should have stated that Reporting Person's six (6) adult children have 99% membership interest and Reporting Person's Spouse ("Spouse") was a 1% member. Reporting Person was the sole manager until May 2020 when Spouse, as sole member, removed Reporting Person as the sole manager and appointed herself and two (2) adult family members as co-managers.
( 3 )Proportionate shares (1%) distributed from Liebowitz Realty II LLC as described in Footnote 1 above to the Rose Liebowitz Revocable Trust.
( 4 )Rose Liebowitz Revocable Trust dated 4/13/20, a revocable trust with respect to which Spouse is the sole beneficiary and a co-trustee, and Reporting Person is also a co-trustee. The Reporting Person disclaims beneficial ownership of the shares owned by this Trust.
( 5 )Leo Liebowitz Revocable Trust dated 4/13/20, a revocable trust with respect to which Reporting Person is the sole beneficiary and a co-trustee. The Trust is the sole member of Liebowitz Realty LLC.
( 6 )Prior to May 2020, Reporting Person was the sole member and manager of Liebowitz Realty LLC. As of May 2020, Reporting Person, as the sole member, resigned as manager and appointed Spouse and two (2) adult family members as co-managers of Liebowitz Realty LLC. Also as of May 2020, Reporting Person assign ed all membership interests in Liebowitz Realty LLC to the Leo Liebowitz Revocable Trust.
( 7 )Intentionally left blank.
( 8 )Reporting Person is not a beneficiary of the Trust and his Spouse is the sole trustee of the Trust. Reporting Person disclaims any beneficial ownership in the shares owned by this Trust.
( 9 )An S-corporation in which the Reporting Person is a shareholder. Shares indicate Reporting Person's proportionate equity in the S-corporation.
( 10 )Transfer of shares for estate planning purposes.

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