Ventas, Inc. — Director's Dealing 2011

Mar 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-03-08

Reporting Person: THEOBALD THOMAS C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-08	Common Stock	M	10000	$14.53	Acquired	30449.449	Direct
2011-03-08	Common Stock	M	5000	$22.15	Acquired	35449.449	Direct
2011-03-08	Common Stock	S	15000	$52.6719	Disposed	20449.449	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-08	Stock Option (Right to Buy)	$14.53	M	10000	Disposed	2013-06-04	Common Stock (10000)	Direct
2011-03-08	Stock Option (Right to Buy)	$22.15	M	5000	Disposed	2014-01-05	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect
Common Stock	1000	Indirect

Footnotes

F1: On March 8, 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 $52.60 to $52.75, 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: Reporting Person disclaims beneficial ownership of these 3,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F3: Reporting Person disclaims beneficial ownership of these 1,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F4: These options were part of a previously reported grant of 10,000 on June 4, 2003, by the Issuer to the Reporting Person that vested in two equal annual installments on June 4, 2003 and June 4, 2004.

F5: These options were part of a previously reported grant of 5,000 on January 5, 2004, by the Issuer to the Reporting Person that vested in two equal annual installments on January 5, 2004 and January 5, 2005.

F6: Represents total number of unexercised stock options held by the Reporting Person as of March 8, 2011.