Denied
Although your gun was pointed in his direction, you were not close enough for him to have a low chance of survival when pulling his gun, he also pulled his gun the second he got out of the car when you were at a considerable distance. Gunpoint is when you have your gun pointed directly at someone where they would be instantly shot if they do something, in this situation you were much too far away from the car, allowing frank to get out and quickly equip his weapon before you even realised he was armed. Frank is not at "gunpoint" just because you are running at his car with your gun in his general direction.