X0306 4 2016-09-01 1 0001498864 Apple REIT Ten, Inc. NONE 0001274833 KNIGHT JUSTIN G 814 EAST MAIN STREET RICHMOND VA 23219 1 President Series B Convertible Preferred Shares 2016-09-01 4 J 0 30090.0000 0.0000 A 30090.0000 D Series B Convertible Preferred Shares 2016-09-01 4 D 0 30090.0000 0.0000 D 0.0000 D Units 2016-09-01 4 D 0 804.4627 0.0000 D 0.0000 D Series B Convertible Preferred Shares 2016-09-01 4 J 0 2631.2500 0.0000 A 2631.2500 I By J. Knight Generation Skipping Irrevocable Trust Series B Convertible Preferred Shares 2016-09-01 4 D 0 2631.2500 0.0000 D 0.0000 I By J. Knight Generation Skipping Irrevocable Trust Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to the reporting person associated with 30,090 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. On September 1, 2016, the issuer merged (the "Merger") with and into a wholly-owned subsidiary of Apple Hospitality REIT, Inc. ("Apple Hospitality"). Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 190,277 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $364,517 in cash. Consisting of One Common Share and One Series A Preferred Share Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 419 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $804 in cash. Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to a trust for the children of the reporting person associated with 2,631.25 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 16,639 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $31,876 in cash. /s/ Kelly C. Clarke, Attorney-in-fact 2016-09-06