Pebblebrook Hotel Trust — Director's Dealing 2015

Feb 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pebblebrook Hotel Trust (PEB)
CIK: 0001474098
Period of Report: 2015-02-11

Reporting Person: BORTZ JON E (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-11	Common Shares	A	13230	$0.00	Acquired	608960	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	200000	Indirect

Footnotes

F1: All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 4,410, 4,410 and 4,410 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on January 1, 2016, January 1, 2017, and January 1, 2018, respectively.

F2: The reporting person disclaims beneficial ownership of these shares held by his wife, and this report should not be deemed an admission that the reporting person is the beneficial owner of his wife's shares for purposes of Section 16 or for any other purpose.