X0306 4 2016-08-31 0 0001467760 Apollo Commercial Real Estate Finance, Inc. ARI 0001280439 SALVATI MICHAEL C/O APOLLO GLOBAL MANAGEMENT, LLC 9 WEST 57TH STREET, 43RD FLOOR NEW YORK NY 10019 1 0 0 0 Common Stock 2016-08-31 4 A 0 3465 0.00 A 64931 D Common Stock 2016-08-31 4 A 0 835 0.00 A 835 I By spouse?s IRA Received in exchange for common stock of Apollo Residential Mortgage, Inc. ("AMTG") at an exchange ratio of 0.417571 of a share of Apollo Commercial Real Estate Finance, Inc. ("ARI") common stock for each share of AMTG common stock in connection with the merger of AMTG into ARI on August 31, 2016. The closing price of AMTG common stock on the last day prior to the effective time of the merger was $13.64 per share. The reporting person also received $6.86 in cash for each share of AMTG common stock in the merger. 125 shares of ARI common stock are held in a joint account with the reporting person's son. The reporting person has direct control over the joint account. /s/ Jessica L. Lomm, as Attorney-in-Fact 2016-09-02