-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MVNKvLlPcMpqvUYWIrdZslb73KC8oQzxs6QkD4GlsJPkjhS0NpYea3BMcsxpJNKm KvvRQGeiy6UxW5ddqyCOlQ== 0000912057-99-008022.txt : 19991203 0000912057-99-008022.hdr.sgml : 19991203 ACCESSION NUMBER: 0000912057-99-008022 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19991202 GROUP MEMBERS: ABNER KURTIN GROUP MEMBERS: HARWICH CAPITAL PARTNERS, L.L.C. GROUP MEMBERS: K CAPITAL I, L.P. GROUP MEMBERS: K CAPITAL II, L.P. GROUP MEMBERS: K CAPITAL OFFSHORE MASTER FUND (US DOLLAR), L.P. GROUP MEMBERS: K CAPITAL PARTNERS LLC GROUP MEMBERS: THOMAS KNOTT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GYRODYNE COMPANY OF AMERICA INC CENTRAL INDEX KEY: 0000044689 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 111688021 STATE OF INCORPORATION: NY FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-33650 FILM NUMBER: 99767792 BUSINESS ADDRESS: STREET 1: 17 FLOWERFIELD ST SUITE 15 CITY: ST JAMES STATE: NY ZIP: 11780 BUSINESS PHONE: 5165845400 MAIL ADDRESS: STREET 2: 17 FLOWERFIELD SUITE 15 CITY: ST JAMES STATE: NY ZIP: 11780 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: K CAPITAL PARTNERS LLC CENTRAL INDEX KEY: 0001088580 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 441 STUART STREET, 6TH FLOOR STREET 2: 6TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 651764657700 MAIL ADDRESS: STREET 1: 441 STUART STREET, 6TH FLOOR STREET 2: 441 STUART STREET, 6TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 3)* GYRODYNE COMPANY OF AMERICA, INC - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 403820103 ------------------------------ (CUSIP NUMBER) Donald J. Savage, K Capital Partners, LLC 441 Stuart Street, 6th Floor Boston, Massachusetts 02116 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 23, 1999 ------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box / /. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities and Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (However, see the Notes). Page 1 of 17 Pages CUSIP NO. 403820103 Page 2 of 17 Pages --------- - -- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON K Capital Partners, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 108,950 BENEFICIALLY --------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 108,950 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 108,950 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.84% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 3 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON K Capital I, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 5,708 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 5,708 -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,708 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.51% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 4 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON K Capital II, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 76,672 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 76,672 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 76,672 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.93% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 5 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON K Capital Offshore Master Fund (U.S. Dollar), L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 20,570 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 20,570 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,570 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.86% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 6 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Harwich Capital Partners, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 108,950 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 108,950 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 108,950 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.84% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 7 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Thomas Knott - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 108,950 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 108,950 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 108,950 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.84% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- CUSIP NO. 403820103 Page 8 of 17 Pages --------- - -- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Abner Kurtin - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 108,950 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 108,950 --------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 108,950 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.84% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER This Report on Schedule 13D relates to shares of common stock, par value $1.00 per share (the "Common Stock"), of GYRODYNE Company of America, Inc. (the "Company"), whose principal executive offices are located at 17 Flowerfield Street, Suite 15, St. James, New York 11780. ITEM 2. IDENTITY AND BACKGROUND This Report is filed by K Capital I, L.P., K Capital II, L.P. and K Capital Offshore Master Fund (U.S. Dollar), L.P. (collectively the "Partnership"); K Capital I, L.P. and K Capital II, L.P., are each a Delaware limited partnership having their principal place of business and executive offices at c/o K Capital Partners, LLC, 441 Stuart Street, 6th Floor, Boston, MA 02116; K Capital Offshore Master Fund (U.S. Dollar), L.P. is a limited partnership organized in the Cayman Islands with a registered address at the offices of Citco Fund Services (Cayman Islands) Limited, Corporate Centre, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands; K Capital Partners, LLC, a Delaware limited liability company and the sole General Partner of the Partnership (the "General Partner") having its principal place of business and executive offices at 441 Stuart Street, 6th Floor, Boston, MA 02116; Harwich Capital Partners, LLC, a Delaware limited liability company and the Managing Member of the General Partner having its principal place of business at 441 Stuart Street, 6th floor, Boston, Massachusetts 02116; and Thomas Knott and Abner Kurtin, each of whom are the Managing Members of Harwich Capital Partners, LLC, having its principal business address c/o K Capital Partners, LLC, 441 Stuart Street, 6th floor, Boston, Massachusetts 02116 (collectively, the "Reporting Persons"). The principal business of each Reporting Person is to administer, promote, manage and advise private investment pools and any business related thereto or useful in connection therewith. K Capital Partners, LLC is the sole general partner of the Partnership. During the past five years or since their inception, the Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and are not, as a result of any such proceeding, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Knott and Mr. Kurtin are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The source of funds for the transactions described in Item 5(c) were assets of the Partnership and certain other managed accounts. 9 ITEM 4. PURPOSE OF TRANSACTION The Partnership and certain other managed accounts acquired the Common Stock described in Item 5(c) for investment purposes. None of the Reporting Persons have any current plans or proposals which relate to or would result in: a. The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; b. An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; c. A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; d. Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; e. Any material change in the present capitalization or dividend policy of the issuer; f. Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any change in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; g. Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; h. Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i. A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 1(g)(4) of the Securities Exchange Act of 1934; or j. Any action similar to any of those enumerated above. The Reporting Persons believe that the market price of the Company's common stock does not fully reflect the potential value of such shares. Depending upon the market price, it is possible that the Reporting Persons will acquire additional shares of the Company's common stock. The Reporting Persons are continuing to evaluate alternatives that maybe proposed by the Reporting Persons to the 10 Company's management or shareholders in order to realize this potential value. The Reporting Persons currently have no specific plans or proposals. There can be no assurance that any specific plans or proposals will be identified or proposed and if identified or proposed, will be successful in realizing such potential value. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER a. As of November 24, 1999, the Reporting Persons may be deemed to beneficially own 108,950 shares of Common Stock of the Company. Based upon their being 1,107,143 shares of Common Stock outstanding, the shares of Common Stock which the Reporting Persons may be deemed to beneficially own represents approximately 9.84% of the outstanding shares of Common Stock of the Company. b. In accordance with the Agreement of Limited Partnership, the General partner has the sole power to vote and the sole power to dispose of the shares of Common Stock of the Company held by the Partnership. c. The Reporting Persons have made the following purchases of shares of Common Stock: K Capital I, L.P.
Aggregate Transaction Price Per Purchase Date # of Shares Share Price - ----------------------------------------------------------------------- 6/2/99 654 $14.00 $9,156 - ----------------------------------------------------------------------- 6/3/99 632 $14.00 $8,848 - ----------------------------------------------------------------------- 7/29/99 1,000 $19.975 $19,975 - ----------------------------------------------------------------------- 8/5/99 957 $20.125 $19,259 - ----------------------------------------------------------------------- 8/5/99 957 $20.09 $19,226 - ----------------------------------------------------------------------- 8/12/99 390 $20.1875 $7,873 - ----------------------------------------------------------------------- 8/23/99 30 $19.8123 $594 - ----------------------------------------------------------------------- 11/23/99 688 $20.51 $14,110.88 - ----------------------------------------------------------------------- 11/24/99 400 $20.50 $8,140.00 - -----------------------------------------------------------------------
11 K Capital II, L.P.
Aggregate Transaction Price Per Purchase Date # of Shares Share Price - ----------------------------------------------------------------------- 4/6/99 2,560 $14.00 $35,840 - ----------------------------------------------------------------------- 4/6/99 740 $14.00 $10,360 - ----------------------------------------------------------------------- 6/2/99 26,142 $14.00 $365,988 - ----------------------------------------------------------------------- 6/3/99 26,268 $14.00 $367,752 - ----------------------------------------------------------------------- 8/5/99 2,943 $20.125 $59,227 - ----------------------------------------------------------------------- 8/5/99 3,943 $20.09 $79,214 - ----------------------------------------------------------------------- 8/12/99 5,720 $20.1875 $115,472 - ----------------------------------------------------------------------- 8/23/99 440 $19.8125 $8,717 - ----------------------------------------------------------------------- 9/28/99 1,130 $20.0625 $22,670 - ----------------------------------------------------------------------- 11/23/99 2,487 $20.51 $51,008.37 - ----------------------------------------------------------------------- 11/24/99 5,299 $20.35 $107,834.65 - -----------------------------------------------------------------------
K Capital Offshore Master Fund (U.S. Dollar), L.P.
Aggregate Transaction Price Per Purchase Date # of Shares Share Price - ----------------------------------------------------------------------- 8/5/99 2,100 $20.125 $42,262 - ----------------------------------------------------------------------- 8/5/99 2,100 $20.09 $42,189 - ----------------------------------------------------------------------- 8/12/99 390 $20.1875 $7,873 - ----------------------------------------------------------------------- 8/23/99 30 $19.8123 $594 - ----------------------------------------------------------------------- 9/10/99 1,915 $20.0625 $38,419 - ----------------------------------------------------------------------- 9/28/99 1,870 $20.0625 $37,516 - ----------------------------------------------------------------------- 10/22/99 500 $20.0625 $10,031 - ----------------------------------------------------------------------- 10/29/99 2,000 $20.00 $40,000 - ----------------------------------------------------------------------- 11/10/99 6,000 $20.11 $120,660 - ----------------------------------------------------------------------- 11/23/99 2,265 $20.51 $46,455.11 - ----------------------------------------------------------------------- 11/24/99 1,400 $20.35 $28,490.00 - -----------------------------------------------------------------------
In addition, other accounts under the management of the General Partner acquired 6,000 shares on September 17, 1999 at an aggregate purchase price of $120,300 at $20.05 per share. 12 CUSIP NO. 403820103 Page 13 of 17 Pages --------- -- -- All transactions were made in the open market on NASDAQ. d. Each Partnership is a limited partnership. Each member of the Partnership is entitled to receive certain distributions from the Partnership's assets as specified in the Partnership's governing documents. e. Not Applicable. The filing of this statement shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owners of any securities covered by this statement. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than the governing documents of the Partnership. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 - Agreement regarding filing of joint Schedule 13D. 13 .SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. EXECUTED as a sealed instrument this 3rd day of December, 1999. K Capital I, L.P. By: /s/Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Managing Member K Capital II, L.P. By: /s/Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Manager Member K Capital Offshore Master Fund (U.S. Dollar), L.P. By: /s/Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Managing Member 14 K Capital Partners, LLC By: /s/ Thomas Knott -------------------------------- Harwich Capital Partners, LLC by Thomas Knott, its Managing Member Harwich Capital Partners, LLC By: /s/ Thomas Knott -------------------------------- Thomas Knott, its Managing Member /s/ Thomas Knott ------------------------------ Thomas Knott /s/ Abner Kurtin ------------------------------ Abner Kurtin 15 EX-99.1 2 EX-99.1 Exhibit 1 AGREEMENT Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13D need be filed with respect to the ownership by each of the undersigned of the shares of Common Stock of GYRODYNE Company of America, Inc., and that all subsequent amendments to this statement on Schedule 13D, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acqusition statements. EXECUTED as a sealed instrument this 3rd day of December, 1999. K Capital I, L.P. By: /s/ Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Managing Member K Capital II, L.P. By: /s/ Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Manager Member K Capital Offshore Master Fund (U.S. Dollar), L.P. By: /s/ Thomas Knott -------------------------------- K Capital Partners, LLC, General Partner by: Harwich Capital Partners LLC, its Managing Member, by Thomas Knott, its Managing Member 16 K Capital Partners, LLC By: /s/ Thomas Knott -------------------------------- Harwich Capital Partners, LLC by Thomas Knott, its Managing Member Harwich Capital Partners, LLC By: /s/ Thomas Knott -------------------------------- Thomas Knott, its Managing Member /s/ Thomas Knott ------------------------------ Thomas Knott /s/ Abner Kurtin ------------------------------ Abner Kurtin 17 -----END PRIVACY-ENHANCED MESSAGE-----