CubeSmart — Director's Dealing 2020

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CubeSmart (CUBE)
CIK: 0001298675
Period of Report: 2020-01-01

Reporting Person: Keaton Joel D (Sr VP of Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common	A	6909.0000	$31.4800	Acquired	37966.0000	Direct
2020-01-01	Common	A	5294.0000	$0.0000	Acquired	43260.0000	Direct
2020-01-01	Common	F	435.0000	$31.4800	Disposed	42825.0000	Direct
2020-01-01	Common	F	3078.0000	$31.4800	Disposed	39747.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-01	Stock Option (right to buy)	$31.4800	A	45537.0000	Acquired	2029-12-31	Common (45537.0000)	Direct

Footnotes

F1: These common shares represent the vesting of performance shares granted on January 23, 2017 under the Company's 2007 Equity Incentive Plan.

F2: These common units represent restricted units issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common units vest ratably over a three-year period, one-third per year on January 1, 2021, January 1, 2022, and January 1, 2023, provided the reporting person remains employed by the Company.

F3: 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.