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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
1359404	Jeffrey Hughes	437 Madison Avenue 33Rd Floor New York NY 10022		Yes	No	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	2012-05-24	72,576	$13.80	23,252	No	4	S	Direct
Common Stock, $.01 Par Value Per Share	Disposition	2012-05-24	10,000	$13.79	14,000	No	4	S	Indirect	Shares held in trust for which Mr. Hughes is a trustee

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	Shares held in trust for which Mr. Hughes is a trustee

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.72 to $13.865, 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 ranges set forth in footnotes (1) and (2) of this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.71 to $13.86, inclusive.