X0303 4 2010-03-11 0 0001474098 Pebblebrook Hotel Trust PEB 0001229310 BORTZ JON E 2 BETHESDA METRO CENTER SUITE 1530 BETHESDA MD 20814 1 1 0 0 Chairman, President and CEO Common Shares 2010-03-11 4 A 0 28776 0.00 A 153876 D Common Shares 100 I By Son All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees. 9,592, 9,592, and 9,592 of the restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 11, 2011, March 11, 2012, and March 11, 2013, respectively. /s/ Andrew H Dittamo, as attorney-in-fact 2010-03-15