Ventas, Inc. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-02-25

Reporting Person: Dreixler Julie M. (SVP-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	A	1441	—	Acquired	6530.841	Direct
2011-02-25	Common Stock	F	151	$57.19	Disposed	6379.841	Direct
2011-02-26	Common Stock	F	188	$57.19	Disposed	6191.841	Direct
2011-02-27	Common Stock	F	413	$57.19	Disposed	6000.547	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Stock Option (Right to Buy)	$57.19	A	2873	Acquired	2021-02-25	Common Stock (2873)	Direct

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 February 25, 2011 under the Plan.

F3: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on February 26, 2010 under the Plan.

F4: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on February 27, 2009 under the Plan.

F5: Includes 115.925 shares acquired between March 31, 2010 and December 31, 2010 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan.

F6: Includes 105.781 shares acquired between March 2, 2010 and February 28, 2011 under the Ventas Employee and Director Stock Purchase Plan.

F7: Stock options granted by Issuer pursuant to the Plan.

F8: These options vest in three equal annual installments beginning on the date of grant.

F9: Represents total number of unexercised stock options held by the Reporting Person as of February 27, 2011.