X0306 4 2017-12-28 0 0001467760 Apollo Commercial Real Estate Finance, Inc. ARI 0001128865 ROTHSTEIN STUART C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 43RD FLOOR NEW YORK NY 10019 1 1 0 0 President & CEO Common Stock 2017-12-28 4 A 0 115000 0.00 A 366938 D As of the transaction date, reported amount includes 320,001 restricted stock units ("RSUs") granted under the Apollo Commercial Real Estate Finance, Inc. 2009 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the issuer, provided the reporting person remains in service through the applicable vesting dates. /s/ Jessica L. Lomm, as Attorney-in-Fact 2018-01-02