CubeSmart — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CubeSmart (CUBE)
CIK: 0001298675
Period of Report: 2012-03-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-08	Common	M	17000.0000	$3.0900	Acquired	76707.0000	Direct
2012-03-08	Common	S	17000.0000	$11.3100	Disposed	59707.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-08	Stock Option (right to buy)	$3.0900	M	17000.0000	Disposed	2019-02-17	Common (17000.0000)	Direct

Footnotes

F1: The original stock option for 83,942 shares became exercisable in three equal annual installments on February 17, 2010, 2011, and 2012