Sec Form 4 Filing - LIEBOWITZ LEO @ GETTY REALTY CORP /MD/ - 2016-03-09

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
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)
TWO JERICHO PLAZA, WING C, STE 110
3. Date of Earliest Transaction (MM/DD/YY)
03/09/2016
(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 1,411,499 ( 1 ) D
Common Stock 47,250 ( 2 ) I By Liebowitz 2015 Family Trust ( 3 )
Common Stock 414 I By 401(k)
Common Stock 310,957 I By CLS ( 4 )
Common Stock 0 ( 5 ) I By Liebowitz Family LLC
Common Stock 453,261 ( 6 ) I By Liebowitz Realty LLC
Common Stock 307,495 ( 7 ) I By Spouse
Common Stock 56,434 ( 8 ) I Held by Charitable Foundation
Common Stock 607,652 ( 9 ) I By Liebowitz Realty II LLC
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
Restricted Stock Unit ( 10 ) ( 11 ) 03/09/2016 03/09/2016 A 5,000 ( 11 ) ( 11 ) Common Stock 5,000 ( 10 ) ( 12 ) 35,500 ( 10 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LIEBOWITZ LEO
TWO JERICHO PLAZA
WING C, STE 110
JERICHO, NY11753
X
Signatures
/s/ Leo Liebowitz 03/11/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Increase in securities is the result of a special stock dividend by the Issuer of which 20,157 shares were issued directly to the Reporting Person and 3,966 shares were re-distributed to the Reporting Person proportionate to his ownership of an S-corporation which had received the aforesaid special dividend and redistributed same in kind to its shareholders. See also footnote 5 below.
( 2 )n/a
( 3 )Mr. Liebowitz is not a beneficiary of the Trust and his spouse is the sole trustee of the Trust.
( 4 )An S-corporation in which the Reporting Person is a shareholder. Shares indicate Reporting Person's proportionate share.
( 5 )These shares (20,000) were previously erroneously reported as indirectly owned when in fact they are directly owned. This correction does not result in any change in the amount of securities beneficially owned by the Reporting Person.
( 6 )Increase in securities (3,261) is the result of a special stock dividend by the Issuer.
( 7 )Increase in securities (3,872) is the result of a special stock dividend by the Issuer.
( 8 )Increase in securities (710) is the result of a special stock dividend by the Issuer.
( 9 )Increase in securities (7,652) is the result of a special stock dividend by the Issuer.
( 10 )Each RSU is settled for 1 share of common stock or the cash equivalent upon the settlement date noted in footnote (11) below.
( 11 )Restricted Stock Units vest ratably over five years commencing on the first anniversary of the date of grant and are settled in cash or common stock, in thediscretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date or termination of employment.
( 12 )The RSUs were received by the Reporting Person for no consideration.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.