Ventas, Inc. — Director's Dealing 2011

Nov 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-11-11

Reporting Person: LEWIS RAYMOND J (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-11	Common Stock	M	34781	$28.96	Acquired	182659	Direct
2011-11-11	Common Stock	S	34781	$54.1602	Disposed	147878	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-11	Stock Option (Right to Buy)	$28.96	M	34781	Disposed	2019-01-21	Common Stock (34781)	Direct

Footnotes

F1: On November 11, 2011, 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. The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $54.07 to $54.27, inclusive. Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).

F2: These options were part of a previously reported grant of 52,172 on January 21, 2009, by the Issuer to the Reporting Person that vested in three equal installments on January 21, 2009, January 21, 2010 and January 21, 2011.

F3: Represents total number of unexercised stock options held by the Reporting Person as of November 11, 2011.