X0306 4 2018-01-02 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 2018-01-02 4 F 0 11029 37.17 D 653812 D Common Shares 200000 I By Wife Represents Common Shares sold to the Issuer as payment of tax upon vesting of 22,491 Common Shares. The reporting person disclaims beneficial ownership of these shares held by an immediate family member sharing his household, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. /s/ Andrew H. Dittamo, as attorney-in-fact for Jon E Bortz 2018-01-03