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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1287701	Gramercy Capital Corp	GKK	Real Estate Investment Trusts (6798)	061722127

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1040971	Sl Green Realty Corp	420 Lexington Avenue New York NY 10170		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-07	185,000	$2.66	6,034,370	No	4	S	Indirect	See footnote
Common Stock	Disposition	2010-12-08	180,200	$2.34	5,854,170	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.52 to $2.95, inclusive. The reporting person undertakes to provide to Gramercy Capital Corp., any security holder of Gramercy Capital Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.50, inclusive.
The reporting person is the general partner of SL Green Operating Partnership, L.P., the partnership that owned and disposed of the reported securities.