SEC Form 4 · accession 0001209191-16-106634
Pebblebrook Hotel Trust · PEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon E Bortz
Officer — Chairman, President and CEO · Director
Period of report
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474098
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Mar 3, 2016 | A | 63,338 | — | A | 752,007 | D | |
| Common SharesF2 | Mar 3, 2016 | F | 24,854 | $28.84 | D | 727,153 | D | |
| Common SharesF3 | holding | — | — | — | 300 | I | By Son | |
| Common SharesF3 | holding | — | — | — | 200,000 | I | By Wife |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of Trustees of the Issuer of the extent to which the performance objectives of the performance-based equity incentive award made in January 2013 to the reporting person had been achieved. The reporting person earned 100% of the maximum number of Common Shares issuable pursuant to the award. For more information on the performance-based equity incentive award, including the performance objectives and measurement period, see the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2014.
- F2Represents Common Shares sold to the Issuer as payment of tax withholding due upon vesting of 63,338 Common Shares.
- F3The 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.