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: Brehl Robert J (Chief Acct. Off. & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	A	1498	—	Acquired	18622.566	Direct
2011-02-25	Common Stock	F	165	$57.19	Disposed	18457.566	Direct
2011-02-26	Common Stock	F	204	$57.19	Disposed	18253.566	Direct
2011-02-27	Common Stock	F	836	$57.19	Disposed	17446.021	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	2987	Acquired	2021-02-25	Common Stock (2987)	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 28.455 shares acquired between January 25, 2011 and February 28, 2011 under the Ventas Employee and Director Stock Purchase Plan.

F6: Stock options granted by Issuer pursuant to the Plan.

F7: These options vest in three equal annual installments beginning on the date of grant.

F8: Represents total number of unexercised stock options held by the Reporting Person as of February 27, 2011.