Pebblebrook Hotel Trust — Director's Dealing 2020

Jan 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pebblebrook Hotel Trust (PEB)
CIK: 0001474098
Period of Report: 2020-01-01

Reporting Person: SCHALL MICHAEL J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common Shares	A	6293	$27.02	Acquired	42879	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	8500	Indirect
Common Shares	867	Indirect

Footnotes

F1: Payment of 100 percent of annual retainer fee for serving on the Board of Trustees of Pebblebrook Hotel Trust in 2019. 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.

F2: The reporting person disclaims beneficial ownership with respect to one-half of all but 500 of these shares.

F3: The reporting person disclaims beneficial ownership with respect to one-half of these shares.

F4: The reporting person disclaims beneficial ownership with respect to all of these shares.