CubeSmart — Director's Dealing 2013

Jan 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CubeSmart (CUBE)
CIK: 0001298675
Period of Report: 2013-01-24

Reporting Person: MARTIN TIMOTHY M (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-24	Common	F	1803.0000	$14.5700	Disposed	89863.0000	Direct
2013-01-25	Common	A	9546.0000	$0.0000	Acquired	99409.0000	Direct
2013-01-25	Common	F	1193.0000	$14.8400	Disposed	98216.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-25	Stock Option (right to buy)	$14.8400	A	33100.0000	Acquired	2023-01-25	Common (33100.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	5469.0000	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.

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.