X0306 4 2014-03-01 1 0001329011 Apple REIT Seven, Inc. NONE 0001269956 PEERY BRYAN 814 EAST MAIN STREET RICHMOND VA 23219 1 Executive Vice President & CFO Series B Preferred 2014-03-01 4 J 0 1876.0000 0 A 1876.0000 D Series B Preferred 2014-03-01 4 D 0 1876.0000 0 D 0.0000 D Glade M. Knight, the record holder of all the outstanding Series B Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to the reporting person associated with 1,876 Series B Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. On March 1, 2014, the issuer merged (the Merger) with and into a wholly-owned subsidiary of Apple REIT Nine, Inc., now called Apple Hospitality REIT, Inc. (Apple Nine). Disposed of pursuant to merger agreement between issuer and Apple Nine in exchange for 45,344.871 Apple Nine Common Shares. There is no active trading market for Apple Nine Common Shares as of the date of this report. In the joint proxy statement/prospectus sent to the shareholders of the issuer for approval of the Merger, the preliminary estimate of the fair value of Apple Nine Common Shares as of 9/30/2013 for purposes of the Unaudited Pro Forma Condensed Consolidated Financial Statements was $10.00 per Apple Nine Common Share. Kelly C. Clarke, Attorney-in-fact 2014-03-04