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CubeSmart Director's Dealing 2010

Jan 15, 2010

30648_dirs_2010-01-15_bbd46b5c-b723-4072-9c30-94dce57dacf8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U-Store-It Trust (YSI)
CIK: 0001298675
Period of Report: 2010-01-13

Reporting Person: Foster Jeffrey P (Sr. VP - Chief Legal Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-01-13 Common A 20576 Acquired 48576 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-01-13 Stock Option (right to buy) $7.29 A 57915 Acquired 2020-01-13 Common (57915) Direct

Footnotes

F1: These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.

F2: The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.