Ventas, Inc. — Director's Dealing 2010

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2010-03-16

Reporting Person: RINEY T RICHARD (EVP, Chief Admin. Off., GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	Common Stock	M	38924	$30.83	Acquired	315181	Direct
2010-03-16	Common Stock	S	232	$46.67	Disposed	314949	Direct
2010-03-16	Common Stock	S	100	$46.6711	Disposed	314849	Direct
2010-03-16	Common Stock	S	668	$46.674	Disposed	314181	Direct
2010-03-16	Common Stock	S	1000	$46.7165	Disposed	313181	Direct
2010-03-16	Common Stock	S	100	$46.76	Disposed	313081	Direct
2010-03-16	Common Stock	S	500	$46.80	Disposed	312581	Direct
2010-03-16	Common Stock	S	200	$46.81	Disposed	312381	Direct
2010-03-16	Common Stock	S	200	$46.83	Disposed	312181	Direct
2010-03-16	Common Stock	S	100	$46.87	Disposed	312081	Direct
2010-03-16	Common Stock	S	200	$46.90	Disposed	311881	Direct
2010-03-16	Common Stock	S	300	$46.92	Disposed	311581	Direct
2010-03-16	Common Stock	S	100	$46.9602	Disposed	311481	Direct
2010-03-16	Common Stock	S	100	$46.9612	Disposed	311381	Direct
2010-03-16	Common Stock	S	300	$46.965	Disposed	311081	Direct
2010-03-16	Common Stock	S	2600	$46.97	Disposed	308481	Direct
2010-03-16	Common Stock	S	2100	$46.9725	Disposed	306381	Direct
2010-03-16	Common Stock	S	200	$46.99	Disposed	306181	Direct
2010-03-16	Common Stock	S	400	$47.00	Disposed	305781	Direct
2010-03-16	Common Stock	S	800	$47.0001	Disposed	304981	Direct
2010-03-16	Common Stock	S	5000	$47.0018	Disposed	299981	Direct
2010-03-16	Common Stock	S	100	$47.01	Disposed	299881	Direct
2010-03-16	Common Stock	S	1582	$47.0101	Disposed	298299	Direct
2010-03-16	Common Stock	S	100	$47.0104	Disposed	298199	Direct
2010-03-16	Common Stock	S	2418	$47.02	Disposed	295781	Direct
2010-03-16	Common Stock	S	300	$47.03	Disposed	295481	Direct
2010-03-16	Common Stock	S	200	$47.04	Disposed	295281	Direct
2010-03-16	Common Stock	S	200	$47.05	Disposed	295081	Direct
2010-03-16	Common Stock	S	2300	$47.06	Disposed	292781	Direct
2010-03-16	Common Stock	S	100	$47.0609	Disposed	292681	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-16	Stock Option (Right to Buy)	$30.83	M	38924	Disposed	2016-01-27	Common Stock (38924)	Direct

Footnotes

F1: On March 16, 2010, the Reporting Person transmitted to the Securities and Exchange Commission a Form 144 covering the sale of the Issuer's common stock reported on Table I.

F2: These shares are being sold pursuant to a written non-discretionary Rule 10b5-1(c) sales plan dated December 10, 2009.

F3: Please see the Reporting Person's subsequent Form 4 filings dated the date hereof which contain additional transactions which are part of one aggregate direction under the Rule 10b5-1(c) sales plan described in Footnote (2).

F4: These options were part of a previously reported grant of 38,924 on January 27, 2006 by the Issuer to the Reporting Person that vested in three equal annual installments on January 27, 2006, January 27, 2007 and January 27, 2008.

F5: Represents total number of unexercised stock options held by the Reporting Person as of March 16, 2010.