Ventas, Inc. — Director's Dealing 2010

Jan 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2010-01-20

Reporting Person: LEWIS RAYMOND J (EVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-20	Common Stock	A	25055	—	Acquired	139737	Direct
2010-01-20	Common Stock	F	2584	$44.56	Disposed	137153	Direct
2010-01-21	Common Stock	F	2533	$43.56	Disposed	134620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-20	Stock Option (Right to Buy)	$44.56	A	49024	Acquired	2020-01-20	Common Stock (49024)	Direct

Footnotes

F1: Restricted stock granted by Issuer pursuant to the Ventas, Inc. 2006 Incentive Plan (the "Plan"). These shares vest in three equal annual installments beginning on the date of grant.

F2: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 20, 2010 under the Plan.

F3: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 21, 2009 under the Plan.

F4: Stock options granted by Issuer pursuant to the Plan.

F5: These options vest in three equal annual installments beginning on the date of grant.

F6: Represents total number of unexercised stock options held by the Reporting Person as of January 21, 2010.