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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1467760	Apollo Commercial Real Estate Finance Inc.	NYSE: ARI	Real Estate Investment Trusts (6798)	270467113

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1128865	Stuart Rothstein	C/O Apollo Global Management, Llc 9 West 57Th Street, 43Rd Floor New York NY 10019	Cfo, Treasurer And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-05-20	5,000	$16.98	5,000	No	4	P	Indirect	By Stuart and Michelle Rothstein Living Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Stuart and Michelle Rothstein Living Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,000	Indirect	By ACREFI Co-Investors, L.P.
Common Stock	20,000	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.839 to $17.00, inclusive. Mr. Rothstein undertakes to provide Apollo Commercial Real Estate Finance, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
ACREFI Co-Investors, L.P. ("Co-Investors") is the direct owner of the reported securities. Mr. Rothstein is a limited partner with a non-controlling interest in Co-Investors. Mr. Rothstein disclaims beneficial ownership of the securities beneficially owned by Co-Investors except to the extent of his pecuniary interest therein.