People: CubeSmart (CUBE.N)

Summary

Name	Age	Since	Current Position
William Diefenderfer	66	2011	Non-Executive Independent Chairman of the Board of Trustees
Dean Jernigan	66	2008	Chief Executive Officer, Trustee
Timothy Martin	41	2008	Chief Financial Officer
Jeffrey Foster	42	2009	Senior Vice President, Chief Legal Officer, Secretary
Christopher Marr	48	2014	President, Chief Executive Officer, Director
Piero Bussani	46	2010	Independent Trustee
Marianne Keler	57	2007	Independent Trustee
David LaRue	51	2004	Independent Trustee
John Remondi	49	2009	Independent Trustee
Jeffrey Rogatz	50	2011	Independent Trustee

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Biographies

Name	Description
William Diefenderfer	Mr. William M. Diefenderfer, III, has served as Non-Executive Independent Chairman of the Board of Trustees of CubeSmart. He served as a trustee since initial public offering in October 2004. Mr. Diefenderfer has been a partner in the law firm of Diefenderfer, Hoover, Boyle & Wood since 1991. He served as Chief Executive Officer and President of Enumerate Solutions Inc., a privately-owned technology company that he co-founded, from 2000 to 2002. From 1992 to 1996, Mr. Diefenderfer served as Treasurer and Chief Financial Officer of Icarus Aircraft, Inc., a privately-owned aviation technology company. Mr. Diefenderfer served a two-year term on the Public Company Accounting Oversight Board’s Standing Advisory Group from 2004 through 2005. In October 2006, he accepted appointment to the Commission on the Future of American Veterans, the purpose of which is to formulate a clear plan to guide the U.S. Department of Veteran’s Affairs for the next twenty years. Mr. Diefenderfer serves as Vice-Chairman of the Board of Directors of Enumerate Solutions Inc., as well as chairman of its Audit Committee. He currently serves on the board of SLM Corporation, a publicly-traded company more commonly known as Sallie Mae, a provider of student loans and administrator of college savings plans. He is a member of Sallie Mae’s Finance Committee. Mr. Diefenderfer has experience serving on boards of directors and has a background in accounting, including serving a term on the Public Company Accounting Oversight Board’s Standing Advisory Group.
Dean Jernigan	Mr. Dean Jernigan is no longer Chief Executive Officer, Trustee of CubeSmart, effective December 31, 2013. He has been Chief Executive Officer since April 2006 and also has served as a member of Board of Trustees since that time. Mr. Jernigan served as President from April 2006 to November 2008. From 2004 to April 2006, Mr. Jernigan served as President of Jernigan Property Group, LLC, a Memphis-based company that formerly owned and operated self-storage facilities in the United States. From 2002 to 2004, Mr. Jernigan was a private investor. From 1984 to 2002, he was Chairman of the Board and Chief Executive Officer of Storage USA, Inc., which was a publicly-traded self-storage REIT from 1994 to 2002. Mr. Jernigan served as a member of the National Association of Real Estate Investment Trusts’ Board of Governors from 1995 to 2002, and as a member of its Executive Committee from 1998 to 2002. Mr. Jernigan currently serves on the board of Thomas & Betts, Inc., a publicly-traded electrical components and equipment company. Mr. Jernigan has experience with boards of directors and real estate investment trusts and, in particular, knowledge and experience in the self-storage industry. Mr. Jernigan has gained knowledge of business through his service as Chief Executive Officer, his private self-storage investments, and his position with Storage USA, Inc.
Timothy Martin	Mr. Timothy M. Martin has served as Chief Financial Officer of CubeSmart since November 2008. Mr. Martin served as Senior Vice President and Chief Accounting Officer from December 2006 to November 2008. He previously was employed by Brandywine Realty Trust from 1997 to December 2006, serving as Vice President, Finance and Treasurer from January 2006 to December 2006, as Brandywine’s Principal Financial Officer from May 2006 to December 2006, as Vice President and Chief Accounting Officer from March 2004 to January 2006, and as Director, Financial Analysis from 2001 to March 2004. Prior to joining Brandywine, Mr. Martin served as a member of the audit staff of Arthur Andersen, LLP’s Philadelphia office, specializing in real estate.
Jeffrey Foster	Mr. Jeffrey P. Foster has served as Senior Vice President, Chief Legal Officer and Secretary of CubeSmart since February 2009. From April 2003 to February 2009, Mr. Foster served as Senior Vice President and Associate General Counsel of Gramercy Realty, a division of Gramercy Capital Corp., a publicly traded office REIT (formerly known as American Financial Realty Trust). Prior to joining American Financial Realty Trust, Mr. Foster was an associate with Morgan, Lewis & Bockius, LLP from 1999 to 2003.
Christopher Marr	Mr. Christopher P. Marr has been appointed as President, Chief Executive Officer, Director of CubeSmart, with effect from January 1, 2014. He is no longer Chief Operating Officer, Chief Investment Officer with effect from January 1, 2014. He has served as the President, Chief Operating Officer and Chief Investment Officer since November 2008. Mr. Marr served as the Chief Financial Officer from June 2006 to November 2008. Mr. Marr was Senior Vice President and Chief Financial Officer of Brandywine Realty Trust, a publicly-traded office REIT, from August 2002 to June 2006. Prior to joining Brandywine Realty Trust, Mr. Marr served as Chief Financial Officer of Storage USA, Inc., a publicly-traded self-storage REIT, from 1998 to 2002.
Piero Bussani	Mr. Piero Bussani has served as Independent Trustee of CubeSmart since February 2010. Mr. Bussani was appointed by the Board of Trustees upon the recommendation of the Corporate Governance and Nominating Committee. Since December 2004, Mr. Bussani has been General Counsel and Executive Vice President for WHM LLC (aka Luxury Resorts and Hotels), a luxury hotel management company that manages hotels and resorts owned by affiliates of the Blackstone Group. Mr. Bussani is responsible for overseeing and managing the legal, human resources and risk functions for the management and operation of hotels and resorts throughout the U.S. and Caribbean. From June 1996 through June 2007, Mr. Bussani served as General Counsel and Executive Vice President for Extended Stay America, Inc. and Extended Stay Hotels in Spartanburg, South Carolina. From July 1995 through June 1996, Mr. Bussani was Senior Real Estate Counsel for Blockbuster Entertainment Group in Fort Lauderdale, Florida. Mr. Bussani started his career as an associate in the litigation and real estate groups of Arent Fox Kintner Plotkin & Kahn in Washington D.C. where he worked from August 1991 through July 1995. Mr. Bussani has experience as a general counsel in the hospitality industry, including combined business and legal experience with regard to customer retention, occupancy, and risk mitigation.
Marianne Keler	Ms. Marianne M. Keler has served as Independent Trustee of CubeSmart since March 2007. From 1985 to February 2006, Ms. Keler served in various positions with SLM Corporation, a publicly-traded company more commonly known as Sallie Mae. From 2005 to 2006, she served as Executive Vice President, Corporate Strategy, Consumer Lending and Administration, where she led several business lines, including SLM Financial. From 2001 to 2004, she was Executive Vice President and General Counsel for SLM. Ms. Keler was an attorney at the U.S. Securities and Exchange Commission from 1981 to 1984. She is a partner of Keler-Kershow, LLC, a private law firm, and chairs the board of the American University in Bulgaria as well as the board of Building Hope, a charter school lender. Ms. Keler is a member of the board of directors of Sallie Mae Bank, the E.L. Haynes Public Charter School, and the Institute for American Universities, and she serves on the board of regents of Georgetown University and the board of visitors of the Georgetown Law Center. Ms. Keler has finance, merger and acquisition, management, governance and risk management experience, including over 20 years of service as a senior corporate officer at a Fortune 100 financial services company.
David LaRue	Mr. David J. LaRue has served as Independent Trustee of CubeSmart since initial public offering in October 2004. Since June 2011, Mr. LaRue has served as the President and Chief Executive Officer of Forest City Enterprises, Inc., a publicly traded real estate company, where he also serves on the Board of Directors. From March 2010 until June 2011, Mr. LaRue served as the Executive Vice President and Chief Operating Officer of Forest City Enterprises, Inc., where he was responsible for all real estate activity, including operations and development of the portfolio. From 2003 until March 2010, Mr. LaRue served as the President and Chief Operating Officer of Forest City Commercial Group, the strategic business unit of Forest City Enterprises, Inc. While at the Commercial Group, Mr. LaRue was responsible for the execution of operating and development plans within the Commercial Group, which owns, develops, acquires and manages retail, office, hotel and mixed-use projects throughout the United States. Mr. LaRue served as Executive Vice President of Forest City Rental Properties from 1997 to 2003. Mr. LaRue has been with Forest City since 1986. Mr. LaRue serves as a Trustee for the International Council of Shopping Centers. Additionally, Mr. LaRue is involved as a board member of the following non-profit entities: the Greater Cleveland Sports Commission, the Friends of the Cleveland School of the Arts and the Lawrence School. Mr. LaRue has a financial and audit background with real estate companies, including with Forest City Commercial Group. Mr. LaRue has also gained knowledge of industry as a result of his involvement in real estate ownership, strategy, operation and investment in connection with his experience at Forest City Commercial Group.
John Remondi	Mr. John F. Remondi has served as Independent Trustee of CubeSmart since November 2009. Mr. Remondi was appointed by the Board upon the recommendation of the Corporate Governance and Nominating Committee. Mr. Remondi is President and Chief Operating Officer of SLM Corporation, a publicly-traded company more commonly known as Sallie Mae. Prior to rejoining SLM in 2008, Mr. Remondi served as Portfolio Manager to PAR Capital Management Corp. in Boston, Massachusetts, from 2005 to 2008. From 1999 to 2005, Mr. Remondi served in several financial positions with SLM, including Executive Vice President, Corporate Finance. In addition to his experience at SLM Corporation, Mr. Remondi served in corporate finance positions with New England Education Loan Marketing Corporation and BayBank Boston. Mr. Remondi is the Chairman of the Board of Directors of RIF — Reading is Fundamental as well as a trustee of Xaverian Brothers High School in Westwood, Massachussetts. Mr. Remondi has considerable financial management experience, including service as chief financial officer at a Fortune 100 financial services company.
Jeffrey Rogatz	Mr. Jeffrey F. Rogatz is Independent Trustee of CubeSmart since January 2011. Mr. Rogatz is Managing Director with Robert W. Baird & Co., an investment banking firm. Previously, Mr. Rogatz was the co-founder of Palladian Realty Capital which provides consulting and advisory services to public and private real estate companies. In addition to Palladian Realty Capital, Mr. Rogatz was the founder and President of Triangle Real Estate Advisors LLC, a real estate asset management company, which is the manager of Triangle Real Estate Securities Fund LLC. Mr. Rogatz is also founder and President of Ridgeway Capital LLC, a real estate investment and advisory firm that invests in office, industrial and retail leased assets in the Mid-Atlantic area. Prior to founding Ridgeway Capital in 2001, Mr. Rogatz was chief financial officer of Brandywine Realty Trust, a NYSE-listed real estate investment trust. Prior to joining Brandywine in 1999, Mr. Rogatz was a managing director and head of the REIT practice for Legg Mason Wood Walker, Incorporated. Mr. Rogatz is a member of the Board of Directors of CapLease, Inc., a publicly traded diversified real estate investment trust, the Friends of Woodlawn Library, Inc. and Opera Delaware, and a member of the William and Mary Business School Foundation Board. Mr. Rogatz has experience serving on boards of directors and has knowledge and experience working with real estate investment trusts. Mr. Rogatz has also gained knowledge of industry as a result his involvement in real estate ownership, strategy, operation and investment through his roles with Palladian Realty Capital and Triangle Real Estate Advisors, LLC.

Basic Compensation

Name	Fiscal Year Total
William Diefenderfer	--
Dean Jernigan	2,996,520
Timothy Martin	968,169
Jeffrey Foster	850,647
Christopher Marr	1,670,220
Piero Bussani	--
Marianne Keler	--
David LaRue	--
John Remondi	--
Jeffrey Rogatz	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
William Diefenderfer	0	0
Dean Jernigan	0	0
Timothy Martin	1,838	18,472
Jeffrey Foster	27,981	108,723
Christopher Marr	16,637	306,620
Piero Bussani	0	0
Marianne Keler	0	0
David LaRue	0	0
John Remondi	0	0
Jeffrey Rogatz	0	0

Insider Trading

Name	Shares Traded	Price
JERNIGAN DEAN	20,000	$17.09
JERNIGAN DEAN	33,214	$17.09
JERNIGAN DEAN	20,000	$17.07
JERNIGAN DEAN	2,000	$17.00
DIEFENDERFER WILLIAM M III	37	$15.74
JERNIGAN DEAN	10,000	$15.83
MARTIN TIMOTHY M	9,546	$0.00
MARTIN TIMOTHY M	1,193	$14.84
BUSSANI PIERO	4,831	$0.00
REMONDI JOHN F	4,831	$0.00
LARUE DAVID J	4,831	$0.00
JERNIGAN DEAN	84,232	$0.00
FOSTER JEFFREY P	895	$14.84
FAIN JOHN W	4,831	$0.00
MARR CHRISTOPHER PAUL	1,640	$14.84
DIEFENDERFER WILLIAM M III	4,831	$0.00
MARR CHRISTOPHER PAUL	14,600	$0.00
JERNIGAN DEAN	2,351	$14.84
FOSTER JEFFREY P	6,739	$0.00
KELER MARIANNE M	4,831	$0.00
ROGATZ JEFFREY FISHER	4,831	$0.00
FOSTER JEFFREY P	1,576	$14.57
MARR CHRISTOPHER PAUL	2,976	$14.57
JERNIGAN DEAN	2,436	$14.57
MARTIN TIMOTHY M	1,803	$14.57

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People: CubeSmart (CUBE.N)

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Summary

Biographies

Basic Compensation

Options Compensation

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