Pebblebrook Hotel Trust — Director's Dealing 2015

Feb 12, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Pebblebrook Hotel Trust (PEB)
CIK: 0001474098
Period of Report: 2013-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-07	Common Shares	G	200000	$0.00	Disposed	390249	Direct
2013-05-07	Common Shares	G	200000	$0.00	Acquired	200000	Indirect

Footnotes

F1: This transaction involved a gift of securities by the reporting person to his wife, who shares the reporting person's household. The late filing of the Form 5 for this transaction was inadvertent. The 200,000 common shares shown on this Form 5 as owned Indirectly, By Wife have been owned in such manner since the date of this transaction and, therefore, the Forms 4 filed by the reporting person on January 3, 2014, February 6, 2014 and January 5, 2015 overstated by 200,000 the number of Common Shares owned Directly and understated by 200,000 the number of Common Shares owned Indirectly, By Wife.

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.