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Investor Relations
Gyrodyne LLC

Gyrodyne's directors, officers and more than 10% beneficial owners are required to report all of their stock-related transactions to the SEC, and deliver a copy of such report to NASDAQ and to Gyrodyne. Stock-related transactions include transactions in Gyrodyne stock or derivative securities of Gyrodyne's stock, including everything from buying or selling Gyrodyne stock on the open market, non-open market transactions in Gyrodyne's stock and grants and exercises of options to acquire Gyrodyne stock.

Insider Trading

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Who Shares Transaction Date
BHATIA NAVEEN 4,100 Direct Sale at $101.01 per share. Value of $414,141 12/15/11
BHATIA NAVEEN 1,704 Direct Sale at $101 per share. Value of $172,104 12/14/11
LAMB PAUL L 725 Indirect Purchase at $53 per share. Value of $38,425 10/03/11
SALOUR NADER GM 194 Direct Purchase at $53 per share. Value of $10,282 09/29/11
MACKLIN RONALD J 66 Direct Purchase at $53 per share. Value of $3,498 09/28/11
PALMEDO PHILIP F 1,544 Direct Purchase at $53 per share. Value of $81,832 09/27/11
PALMEDO PHILIP F 191 Indirect Purchase at $53 per share. Value of $10,123 09/27/11
LAMB PAUL L 2,986 Indirect Purchase at $53 per share. Value of $158,258 09/14/11
RONALD J. MACKLIN 100 Direct Purchase at $67.00 per share. Value of $6,700 05/26/11
PAUL L. LAMB 600 Indirect Purchase at $67.00 per share. Value of $40,200 05/23/11

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