CubeSmart — Director's Dealing 2010

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U-Store-It Trust (YSI)
CIK: 0001298675
Period of Report: 2010-01-04

Reporting Person: LARUE DAVID J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-04	Phantom Shares	$0	A	1487	Acquired		Common (1487)	Direct

Footnotes

F1: These phantom shares were acquired under the U-Store-It Trustees Deferred Compensation Plan, and are payable in cash on a one-for-one basis after the reporting person ceases service with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating the deemed phantom share investment option to another investment alternative, and such transfer will be effective on the first business day of the calendar quarter following the election.