Ventas, Inc. — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SHELTON JAMES D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Common Stock	A	119.093	$52.48	Acquired	6023.222	Direct
2011-01-01	Common Stock	A	1025	—	Acquired	7048.222	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-01	Stock Option (Right to Buy)	$52.48	A	5000	Acquired	2021-01-01	Common Stock (5000)	Direct

Footnotes

F1: Common Stock in the form of Units granted under the Ventas Nonemployee Director Deferred Stock Compensation Plan (the "Plan") in lieu of Director fees pursuant to the Director's deferral election. Such Units are payable solely in Common Stock and subject to the terms and conditions of the Director's deferral election and the Plan.

F2: Restricted stock granted by Issuer pursuant to the Ventas, Inc. 2006 Stock Plan for Directors (the "Stock Plan"). These shares vest in two equal annual installments beginning on the first anniversary of the date of grant.

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

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

F5: Represents total number of unexercised stock options owned by the Reporting Person as of January 1, 2011.