Pebblebrook Hotel Trust — Director's Dealing 2013

Feb 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pebblebrook Hotel Trust (PEB)
CIK: 0001474098
Period of Report: 2013-01-30

Reporting Person: Martz Raymond D (Exec VP, CFO, Treasurer, Secre)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-30	Common Shares	A	8754	$0.00	Acquired	111718	Direct

Footnotes

F1: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 2,918, 2,918, and 2,918 of the restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on January 1, 2014, January 1, 2015, and January 1, 2016, respectively.