Pebblebrook Hotel Trust — Director's Dealing 2012

Jan 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pebblebrook Hotel Trust (PEB)
CIK: 0001474098
Period of Report: 2012-01-03

Reporting Person: SCHALL MICHAEL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	Common Shares	A	2604	$19.198	Acquired	9104	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	8500	Indirect

Footnotes

F1: Payment of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2011. Per-share value is the average of the closing prices for the Company's common shares on the New York Stock Exchange for the ten trading days preceding the date of payment.