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Investor Relations
Gyrodyne Company of America

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
SALOUR NADER GM 543 Purchase at $36.25 per share. 06/12/08
PETER PITSIOKOS 1,080 Sale at $36.50 per share. 06/11/08
PETER PITSIOKOS 400 Sale at $38.15 per share. 05/27/08
PETER PITSIOKOS 500 Sale at $36.01 - $38 per share. 05/23/08
PETER PITSIOKOS 800 Sale at $38.28 per share. 05/15/08
PETER PITSIOKOS 2,200 Sale at $38 - $38.1 per share 05/09/08
PETER PITSIOKOS 430 Sale at $38.10 - $38.4 per share 05/08/08
PITSIOKOS PETER 1,500 Sale at $44 - $44.2 per share. 12/24/07
PITSIOKOS PETER 600 Sale at $44.10 per share. 12/21/07
PITSIOKOS PETER 200 Sale at $45 per share. 12/20/07

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