Ventas, Inc. — Director's Dealing 2010

Nov 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2010-11-11

Reporting Person: LEWIS RAYMOND J (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-11	Common Stock	M	31658	$43.26	Acquired	164567	Direct
2010-11-11	Common Stock	M	82140	$41.54	Acquired	246707	Direct
2010-11-11	Common Stock	S	2035	$54.10	Disposed	244672	Direct
2010-11-11	Common Stock	S	2000	$54.105	Disposed	242672	Direct
2010-11-11	Common Stock	S	500	$54.11	Disposed	242172	Direct
2010-11-11	Common Stock	S	400	$54.115	Disposed	241772	Direct
2010-11-11	Common Stock	S	1382	$54.12	Disposed	240390	Direct
2010-11-11	Common Stock	S	100	$54.121	Disposed	240290	Direct
2010-11-11	Common Stock	S	2583	$54.13	Disposed	237707	Direct
2010-11-11	Common Stock	S	3100	$54.14	Disposed	234607	Direct
2010-11-11	Common Stock	S	200	$54.15	Disposed	234407	Direct
2010-11-11	Common Stock	S	1200	$54.155	Disposed	233207	Direct
2010-11-11	Common Stock	S	200	$54.16	Disposed	233007	Direct
2010-11-11	Common Stock	S	1300	$54.17	Disposed	231707	Direct
2010-11-11	Common Stock	S	600	$54.18	Disposed	231107	Direct
2010-11-11	Common Stock	S	900	$54.185	Disposed	230207	Direct
2010-11-11	Common Stock	S	3300	$54.21	Disposed	226907	Direct
2010-11-11	Common Stock	S	1000	$54.22	Disposed	225907	Direct
2010-11-11	Common Stock	S	700	$54.23	Disposed	225207	Direct
2010-11-11	Common Stock	S	4400	$54.24	Disposed	220807	Direct
2010-11-11	Common Stock	S	15600	$54.245	Disposed	205207	Direct
2010-11-11	Common Stock	S	1300	$54.25	Disposed	203907	Direct
2010-11-11	Common Stock	S	401	$54.27	Disposed	203506	Direct
2010-11-11	Common Stock	S	1300	$54.28	Disposed	202206	Direct
2010-11-11	Common Stock	S	1300	$54.29	Disposed	200906	Direct
2010-11-11	Common Stock	S	12200	$54.295	Disposed	188706	Direct
2010-11-11	Common Stock	S	1000	$54.30	Disposed	187706	Direct
2010-11-11	Common Stock	S	100	$54.305	Disposed	187606	Direct
2010-11-11	Common Stock	S	2100	$54.31	Disposed	185506	Direct
2010-11-11	Common Stock	S	26600	$54.315	Disposed	158906	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-11	Stock Option (Right to Buy)	$43.26	M	31658	Disposed	2017-01-17	Common Stock (31658)	Direct
2010-11-11	Stock Option (Right to Buy)	$41.54	M	82140	Disposed	2018-01-22	Common Stock (82140)	Direct

Footnotes

F1: On November 11, 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: Please see the Reporting Person's subsequent Form 4 filing dated the date hereof which contains additional transactions which are part of one aggregate direction.

F3: These options were part of a previously reported grant of 31,658 on January 17, 2007, by the Issuer to the Reporting Person that vested in three equal installments on January 17, 2007, January 17, 2008 and January 17, 2009.

F4: These options were part of a previously reported grant of 82,140 on January 22, 2008, by the Issuer to the Reporting Person that vested in three equal installments on January 22, 2008, January 22, 2009 and January 22, 2010.

F5: Represents total number of unexercised stock options held by the Reporting Person as of November 11, 2010.