The identification of galaxies with "overly massive" black holes requires two measurements: a black hole mass (M bh ) and a host spheroid mass (M sph,* ). Here we provide our measurements for NGC1277. Our structural decomposition reveals that NGC1277 is dominated by a "classical" spheroid with a Sérsic index n=5.3, a half-light radius R 2.1 kpc e,major = , and a stellar mass of M 2.7 10 11 (using M L 11.65). This mass is an order of magnitude greater than originally reported. Using the latest M bh -n, M bh -M sph,* , and M bh -σ relations, the expected black hole mass is, respectively, ( ) for which the "sphere-of-influence" is 0 31. Our new kinematical maps obtained from laser guide star assisted, adaptive optics on the Keck I Telescope dramatically reaffirm the presence of the inner, nearly edge-on, disk seen in the galaxy image. We also report that this produces a large velocity shear (∼400 km s s + across the inner 3. 8 0. 6 ( ) ( ) ´ region of the galaxy. Our new multi-Gaussian expansion (MGE) models and Jeans Anisotropic MGE analysis struggled to match this extended component. Our optimal black hole mass, albeit a probable upper limit because of the disk is). This is an order of magnitude smaller than originally reported and 4 times smaller than recently reported. It gives an M M bh sph,* ratio of 0.45% in agreement with the median (≈0.5%) and range (0.1%-5.0%) observed in non-dwarf, early-type galaxies. This result highlights the need for caution with inner disks.