-----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, UfJ+Nj5qNI34XFDyIuIaC2HM4+ZTN8DM4Tm0VqDonT6B/kNxvnNo93+vXddppWaw v02aGB8v/nf33JmPLK59AQ== 0000902561-97-000400.txt : 19971212 0000902561-97-000400.hdr.sgml : 19971212 ACCESSION NUMBER: 0000902561-97-000400 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971211 SROS: NASD 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: 97736473 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: POLK BROS FOUNDATION INC CENTRAL INDEX KEY: 0001051196 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 420 NORTH WABASH AVE STREET 2: STE 204 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3125274685 MAIL ADDRESS: STREET 1: 420 NORTH WABASH AVE STREET 2: STE 204 CITY: CHICAGO STATE: IL ZIP: 60611 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------------- SCHEDULE 13D UNDER THE SECURITIES ACT OF 1934 AMENDMENT NO. 2 GYRODYNE COMPANY OF AMERICA, INC. - ------------------------------------------------------------------------------ (NAME OF SUBJECT COMPANY) Common Stock - ------------------------------------------------------------------------------ (TITLE OF CLASS OF SECURITIES) 4O3820-10-3 - ------------------------------------------------------------------------------ (CUSIP NUMBER OF CLASS OF SECURITIES) Sandra P. Guthman Polk Bros. Foundation, Inc. 420 North Wabash Avenue, Suite 204 Chicago, Illinois 60611 (312)527-4685 - ------------------------------------------------------------------------------ (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS October 23, 1997 - ------------------------------------------------------------------------------ (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 (b) (3) or (4), check the following box [ ] Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) CUSIP NO.: 403820-10-3 Page 2 of 4 Pages 1 NAME OF REPORTING PERSONS S.S. OR I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS Polk Bros. Foundation, Inc. 36-6108293 - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (_) (b) (x) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS Not Applicable - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) (_) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 74,648 NUMBER ------------------------------------------------------------------- OF SHARES 8 SHARED VOTING POWER BENEFICIALLY 74,648 OWNED BY ------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 74,648 PERSON ------------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 74,648 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 74,648 shares of Common Stock - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (_) - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- Page 3 of 4 Pages This Amendment No. 2 to Schedule 13D amends the original Schedule 13D filed by the reporting person on April 30, 1982 as previously amended by Amendment No. 1 thereto. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The aggregate number and percentage of shares of Common Stock beneficially owned by Polk Bros. Foundation, Inc. is 74,648 representing 7.2% of the number of outstanding shares of Common Stock as of July 31, 1997 (based on information contained in the Issuer's most recent available Quarterly Report on Form 10-Q). (b) The number of shares of Common Stock as to which Polk Bros. Foundation, Inc. has sole power to vote or direct the vote is 74,648. The number of shares of Common Stock as to which Polk Bros., Inc. has sole power to dispose or direct the disposition is 74,648. (c) Between September 11, 1997 and December 2, 1997, Polk Bros. Foundation, Inc. disposed of a total of 17,200 shares of Common Stock in a series of open market sales at an average price of $21.94 per share. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: December 11, 1997 POLK BROS. FOUNDATION, INC. By:/s/ Sandra P. Guthman Name: Sandra P. Guthman Title: -----END PRIVACY-ENHANCED MESSAGE-----