CubeSmart — Director's Dealing 2011

Jan 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U-Store-It Trust (YSI)
CIK: 0001298675
Period of Report: 2011-01-23

Reporting Person: JERNIGAN DEAN (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-23	Common	F	932.0000	$9.3500	Disposed	216932.0000	Direct
2011-01-24	Common	A	133120.0000	$0.0000	Acquired	350052.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	2828.0000	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.