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CubeSmart Director's Dealing 2012

Jan 25, 2012

30648_dirs_2012-01-25_58ea83f2-3b1c-441c-a76e-24d54eeaacc5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CubeSmart (CUBE)
CIK: 0001298675
Period of Report: 2012-01-24

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-24 Common F 1679.0000 $11.3000 Disposed 53173.0000 Direct
2012-01-25 Common A 8803.0000 $0.0000 Acquired 61976.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-25 Stock Option (right to buy) $11.3600 A 25510.0000 Acquired 2022-01-25 Common (25510.0000) 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.