Ventas, Inc. — Director's Dealing 2011

Jan 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-01-24

Reporting Person: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-24	Common Stock	A	85437	—	Acquired	667691	Direct
2011-01-24	Common Stock	F	11804	$53.46	Disposed	655887	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-24	Stock Option (Right to Buy)	$53.46	A	171906	Acquired	2021-01-24	Common Stock (171906)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect

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 24, 2011 under the Plan.

F3: Reporting Person disclaims beneficial ownership of these 5,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

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 directly by the Reporting Person as of January 24, 2011. Reporting Person also owns a total of 422,720 unexercised stock options indirectly by trust.