SEC Form 4 · accession 0001209191-17-012182

Pebblebrook Hotel Trust · PEB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Chief Investment Officer

Period of report

Feb 15, 2017

Accepted (ET)

Feb 17, 2017 · 4:41 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
Common Shares^F1	Feb 15, 2017	A	10,490	$0.00	A	98,625	D
Common Shares^F2	Feb 15, 2017	A	2,895	—	A	101,520	D
Common Shares^F3	Feb 15, 2017	F	943	$29.64	D	100,577	D

No Table II lines on this filing.

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.