Gyrodyne (GYRO) Form 4/A Gyrodyne / JAD FAKHRY ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

POPLAR POINT CAPITAL PARTNERS LP

(Last) (First) (Middle)

330 PRIMROSE ROAD, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gyrodyne, LLC [ GYRO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Former 10% Owner

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/30/2015

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	08/27/2021		S		30,000	D	$13.04	149,904	D(1)(2)
Common Stock	08/30/2021		S		6,200	D	$13	143,704	D(1)(2)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person^*

POPLAR POINT CAPITAL PARTNERS LP

(Last) (First) (Middle)

330 PRIMROSE ROAD, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

POPLAR POINT CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

330 PRIMROSE ROAD, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

POPLAR POINT CAPITAL GP LLC

(Last) (First) (Middle)

330 PRIMROSE ROAD, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

FAKHRY JAD

(Last) (First) (Middle)

330 PRIMROSE ROAD, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

Explanation of Responses:

1. In addition to Poplar Point Capital Partners LP, a Delaware limited partnership ("PPCP"), this Form 4 is being filed jointly by Poplar Point Capital Management LLC, a Delaware limited liability company ("PPCM"), Poplar Point Capital GP LLC, a Delaware limited liability company ("PPCGP"), and Jad Fakhry, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PPCP and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities").

2. As the investment advisor to PPCP, PPCM may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of PPCP, PPCGP may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Fakhry's position as the manager of PPCM and PPCGP, Mr. Fakhry may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

	POPLAR POINT CAPITAL PARTNERS LP, By: Poplar Point Capital GP LLC, its general partner, By: /s/ Jad Fakhry, Name: Jad Fakhry, Title: Manager	08/30/2021
	POPLAR POINT CAPITAL GP LLC, By: /s/ Jad Fakhry, Name: Jad Fakhry, Title: Manager	08/30/2021
	POPLAR POINT CAPITAL MANAGEMENT LLC, By: /s/ Jad Fakhry, Name: Jad Fakhry, Title: Manager	08/30/2021
	/s/ Jad Fakhry, Jad Fakhry	08/30/2021
	** Signature of Reporting Person	Date
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).
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