Insider Trades - LAMB PAUL L

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LAMB PAUL L: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Gyrodyne Company of America, In Director NasdaqCM:GYRO (historical quotes, profile, SEC, other insiders)	22-Jun-09 22-Jun-09	1,117 8,500 9,617	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
22-Jun-09 *2,500 GYRO Purchase at $36 per share.
(Cost of $90,000)
22-Jun-09 2,400 GYRO Sale at $36 per share.
(Proceeds of $86,400)
18-Jun-09 100 GYRO Sale at $36 per share.
(Proceeds of $3,600)
17-Jun-09 *5,500 GYRO Purchase at $36 per share.
(Cost of $198,000)
17-Jun-09 5,500 GYRO Sale at $36 per share.
(Proceeds of $198,000)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
22-Jun-09	*2,500	GYRO	Purchase at $36 per share. (Cost of $90,000)
22-Jun-09	2,400	GYRO	Sale at $36 per share. (Proceeds of $86,400)
18-Jun-09	100	GYRO	Sale at $36 per share. (Proceeds of $3,600)
17-Jun-09	*5,500	GYRO	Purchase at $36 per share. (Cost of $198,000)
17-Jun-09	5,500	GYRO	Sale at $36 per share. (Proceeds of $198,000)