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: ROSENBERG SHELI Z (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Common Stock	A	1025	—	Acquired	65525.484	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: 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.

F2: Includes 2,296.022 shares acquired between March 31, 2010 and December 30, 2010 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan (the "DRIP"). Also reflects adjustment for .006 shares inadvertently credited under the DRIP in prior years.

F3: Includes 1,963.759 shares acquired between January 5, 2010 and January 3, 2011 under the Ventas Employee and Director Stock Purchase Plan.

F4: Stock options granted by Issuer pursuant to the Stock Plan.

F5: These options vest in two equal annual installments beginning on the date of grant.

F6: Represents total number of unexercised stock options owned by the Reporting Person as of January 1, 2011.