X0306 4 2015-02-11 0 0001474098 Pebblebrook Hotel Trust PEB 0001229310 BORTZ JON E 7315 WISCONSIN AVE, SUITE 1100 WEST BETHESDA MD 20814 1 1 0 0 Chairman, President and CEO Common Shares 2015-02-11 4 A 0 13230 0.00 A 608960 D Common Shares 200000 I By Wife 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. 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. /s/ Andrew H. Dittamo, as attorney-in-fact 2015-02-12