SEC Form 4 · accession 0001209191-17-012176
Pebblebrook Hotel Trust · PEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond D Martz
Officer — Exec VP, CFO, Treasurer, Secre
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 4:40 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 | Feb 15, 2017 | A | 10,490 | $0.00 | A | 176,922 | D | |
| Common SharesF2 | Feb 15, 2017 | A | 2,895 | — | A | 179,817 | D | |
| Common SharesF3 | Feb 15, 2017 | F | 966 | $29.64 | D | 178,851 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All of these shares are restricted common shares that were granted to the reporting person by the Issuer's Board of Trustees (the "Board"). 3,497, 3,497, and 3,496 of these shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on January 1, 2018, January 1, 2019, and January 1, 2020, respectively.
- F2The Common Shares were issued to the reporting person upon certification by the Compensation Committee of the Board of the extent to which the performance objectives of the performance-based equity incentive award made in December 2013 to the reporting person had been achieved for the measurement period ended December 31, 2016. For that measurement period, the reporting person earned 4.92% of the target 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.
- F3Represents Common Shares sold to the Issuer as payment of tax upon vesting of 2,895 Common Shares.