CubeSmart — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CubeSmart (CUBE)
CIK: 0001298675
Period of Report: 2012-01-23

Reporting Person: JERNIGAN DEAN (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common	F	1209.0000	$11.1600	Disposed	297186.0000	Direct
2012-01-24	Common	F	2041.0000	$11.3000	Disposed	295145.0000	Direct
2012-01-25	Common	A	110035.0000	$0.0000	Acquired	405180.0000	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 on January 25, 2013, December 31, 2013, and December 31, 2014, provided the reporting person remains employed by the Company.