Ventas, Inc. — Director's Dealing 2011

Jan 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-01-20

Reporting Person: Lillibridge Todd W. (EVP, Medical Prop. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-20	Common Stock	A	3957	—	Acquired	115079	Direct
2011-01-20	Common Stock	F	470	$53.50	Disposed	114609	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-20	Stock Option (Right to Buy)	$53.50	A	7962	Acquired	2021-01-20	Common Stock (7962)	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, 2011 under the Plan.

F3: Stock options granted by Issuer pursuant to the Plan.

F4: These options vest in three equal annual installments beginning on the date of grant.

F5: Represents total number of unexercised stock options held by the Reporting Person as of January 20, 2011.