As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
AIRCRAFT NOT GROUNDED: AFTER TAKEOFF AND LNDG GEAR RETRACTED- IN THE PROCESS OF PLACING THE LNDG GEAR HANDLE IN THE OFF POSTION THE RED LNDG GEAR IN TRANSIT LTS ILLUMINATED AND THE GEAR BEGAN TO EXTEND. PLACED GEAR HANDLE TO UP POSISTION BEFORE THE GEAR FULLY EXTENERD MAX SPD DURING THE EVENT WAS 250KTS. PERFORMED INSPECTION IAW MM 055147, NO DAMAGE FOUND. OK FOR SERVICE.