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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities Exchange Act of 1934</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November 16, 2011</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of report (Date of earliest event reported)</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; MARGIN-RIGHT: 36pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing of obligation of the registrant under any of the following provisions:</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As previously announced, in October 2011 Gramercy Capital Corp. (the "Company") received a written communication from a more than 20% holder of its 8.125% Series A cumulative redeemable preferred stock (the "Series A preferred stock") requesting, as permitted by Article FIRST, Section 10 of the Company&#8217;s Articles Supplementary, that the Company call a special meeting of the holders of the Company&#8217;s Series A preferred stock to elect a new director.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In accordance with such request, on November 16, 2011, the Company announced that it has called a special meeting (the "Special Meeting") of the holders of its Series A preferred stock on January 17, 2012 at 9:30 a.m., local time, at the offices of Clifford Chance US LLP, 31 West 52nd Street, New York, New York.&#160;&#160;At the Special Meeting, the holders of the Series A preferred stock will be asked to elect an additional director to the Company&#8217;s board of directors in accordance with the provisions of the Company's bylaws and other procedures established by the Company's board of directors relating to election of directors.&#160;&#160;Nominations may only be made by holders of record of the Series A preferred stock in accordance with the Company's bylaws.&#160;&#160;No such nominations have been received by the Company as of the date hereof.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Holders of record of the Series A preferred stock as of the close of business on November 11, 2011 will be entitled to notice of and to vote at the Special Meeting.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reference is hereby made to the press release, which is attached as Exhibit 99.1 hereto, and is incorporated herein by reference.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press Release, dated November 16, 2011</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

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{"company-data": {"conformed-name": "GRAMERCY CAPITAL CORP", "cik": "0001287701", "assigned-sic": "6798", "irs-number": "061722127", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32248", "film-number": "111209395"}, "business-address": {"street1": "420 LEXINGTON AVE", "city": "NEW YORK", "state": "NY", "zip": "10170", "phone": "2125942700"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 16, 2011
Date of report (Date of earliest event reported)
Gramercy Capital Corp.
(Exact Name of Registrant as Specified in Charter)
Maryland
001-32248
06-1722127
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
420 Lexington Avenue
10170
New York, New York
(Zip Code)
(Address of Principal Executive Offices)
(212) 297-1000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing of obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.                      Other Events.
As previously announced, in October 2011 Gramercy Capital Corp. (the "Company") received a written communication from a more than 20% holder of its 8.125% Series A cumulative redeemable preferred stock (the "Series A preferred stock") requesting, as permitted by Article FIRST, Section 10 of the Company's Articles Supplementary, that the Company call a special meeting of the holders of the Company's Series A preferred stock to elect a new director.
In accordance with such request, on November 16, 2011, the Company announced that it has called a special meeting (the "Special Meeting") of the holders of its Series A preferred stock on January 17, 2012 at 9:30 a.m., local time, at the offices of Clifford Chance US LLP, 31 West 52nd Street, New York, New York.  At the Special Meeting, the holders of the Series A preferred stock will be asked to elect an additional director to the Company's board of directors in accordance with the provisions of the Company's bylaws and other procedures established by the Company's board of directors relating to election of directors.  Nominations may only be made by holders of record of the Series A preferred stock in accordance with the Company's bylaws.  No such nominations have been received by the Company as of the date hereof.
Holders of record of the Series A preferred stock as of the close of business on November 11, 2011 will be entitled to notice of and to vote at the Special Meeting.
Reference is hereby made to the press release, which is attached as Exhibit 99.1 hereto, and is incorporated herein by reference.
Item 9.01.                      Financial Statements and Exhibits.
(d)  Exhibits
Exhibit No.
Description
99.1
Press Release, dated November 16, 2011
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 16, 2011
GRAMERCY CAPITAL CORP.
By:
/s/ Jon W. Clark
Name: Jon W. Clark
Title: Chief Financial Officer