SEC Form 4 · accession 0001225208-18-001438
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, 2018
Accepted (ET)
Jan 24, 2018 · 4:40 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, 2018 | A | 5,100 | $0.00 | A | 110,857 | D | |
| Common | Jan 23, 2018 | F | 812 | $27.78 | D | 110,045 | 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 | $27.78 | Jan 23, 2018 | A | 22,776 | A | — | Jan 22, 2028 | Common | 22,776 | 22,776 | 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, 2019, January 23, 2020, and January 23, 2021, 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.