CubeSmart — Director's Dealing 2010

Jan 15, 2010

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: MARTIN TIMOTHY M (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-13	Common	A	23320	—	Acquired	89059	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	65637	Acquired	2020-01-13	Common (65637)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	3376	Indirect

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.