Ventas, Inc. — Director's Dealing 2011

Dec 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-12-28

Reporting Person: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-28	Common Stock	F	14906	$54.97	Disposed	719845	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	Indirect

Footnotes

F1: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on December 28, 2006 under the Ventas, Inc. 2000 Incentive Compensation Plan.

F2: Reporting Person disclaims beneficial ownership of these 5,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F3: As of December 28, 2011, Reporting Person also owns directly and indirectly by Trust options to purchase 1,004,363 shares of Issuer's common stock.