UPDATE: You can now see Shy’s direct response to the fans following the report, which comes from TMZ.

Shy Glizzy got arrested over the weekend after cops say he pulled a gun on his girlfriend and threatened to harm her … TMZ has learned.

Our law enforcement sources tell us the rapper was arrested Saturday following a verbal altercation with his on-again, off-again girlfriend … which police say escalated to the point where Shy grabbed a firearm and made a threat.

We’re told the alleged incident played out on a public street around 9 AM Saturday … and Shy took off after the argument. Our sources say West Hollywood Sheriff’s Deputies got involved and a criminal report was made … Shy was eventually tracked down by 6 PM and arrested.

Shy Glizzy was booked on a felony charge of making criminal threats … records show he was released after about 4 hours behind bars on a $50,000 bond.

Our sources say police did not find a gun on Shy when he was arrested … and he denied ever threatening the girlfriend, who we’re told he’s been dating off and on for 4 months.

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