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: MARTIN TIMOTHY M (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common	A	12116.0000	$31.4800	Acquired	194352.0000	Direct
2020-01-01	Common	A	8789.0000	$0.0000	Acquired	203141.0000	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	75592.0000	Acquired	2029-12-31	Common (75592.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	5469.0000	Indirect

Footnotes

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

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.