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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1396446	Cys Investments Inc.	CYS	Real Estate Investment Trusts (6798)	204072657

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1414575	E Richard Cleary	890 Winter Street Suite 200 Waltham MA 02451	Coo And Assistant Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.01 Par Value Per Share	Disposition	2014-10-29	18,000	$8.90	153,050	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.8500 to $8.9300, inclusive. The Reporting Person undertakes to provide CYS Investments, Inc., stockholders of CYS Investments, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2).
The Reporting Person's sale of shares was primarily completed in connection with his personal investment strategy and financial planning needs, including for tax planning, individual asset diversification, and estate planning purposes. Prior to and upon completion of this transaction, the Reporting Person's holdings of the Issuer's common stock represent less than one percent of the Issuer's outstanding capital. In addition, on October 16, 2014, the Company's Board of Directors adopted a policy prohibiting pledging and hedging of the Issuer's securities, for which compliance is required by December 31, 2014. A portion of the proceeds from the sale of shares by the Reporting Person will be used to repay indebtedness and terminate a pledge of securities of the Reporting Person.