SEC Form 4 · accession 0001225208-17-001628
CubeSmart · CUBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey P Foster
Officer — Sr. VP - Chief Legal Officer
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001298675
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Jan 23, 2017 | A | 5,387 | $0.00 | A | 103,159 | D | |
| Common | Jan 23, 2017 | F | 861 | $26.30 | D | 102,298 | D | |
| Common | Jan 24, 2017 | F | 1,374 | $26.43 | D | 100,924 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $26.30 | Jan 23, 2017 | A | 23,148 | A | — | Jan 22, 2027 | Common | 23,148 | 23,148 | D |
Explanation of responses
- F1These 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 23, 2018, January 23, 2019, and January 23, 2020, provided the reporting person remains employed by the Company.
- F2The 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.