SEC Form 4 · accession 0001396446-18-000072
CYS Investments, Inc. · CYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard E Cleary
Officer — COO and Assistant Secretary
Period of report
Jul 31, 2018
Accepted (ET)
Aug 1, 2018 · 9:21 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396446
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1,F2 | Jul 31, 2018 | D | 192,390 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person disposed of 38,593 shares to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the shares of restricted stock that vested on the effective date of the merger with Two Harbors Investment Corp. ("Two Harbors") as a result of the change of control of the Issuer, pursuant to the terms and conditions of Stock Award Agreements by and between the Issuer and the Reporting Person.
- F2Disposed of pursuant to merger agreement between Issuer and Two Harbors in exchange for 90,038 shares of Two Harbors' common stock having a market value of $15.50 per share on the effective date of the merger.