Ventas, Inc. — Director's Dealing 2011

May 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2011-05-24

Reporting Person: Doman Timothy A (SVP-Asset Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-24	Common Stock	M	4335	$21.57	Acquired	16206.402	Direct
2011-05-24	Common Stock	S	4335	$54.9014	Disposed	11905.472	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-24	Stock Option (Right to Buy)	$21.57	M	4335	Disposed	2019-02-27	Common Stock (4335)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3417	Indirect

Footnotes

F1: On May 24, 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.

F2: Includes 34.07 shares acquired between March 1, 2011 and May 25, 2011, under the Ventas Employee and Director Stock Purchase Plan.

F3: Reporting Person disclaims beneficial ownership of these 3,417 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 13,007 on February 27, 2009, by the Issuer to the Reporting Person that vested in three equal annual installments on February 27, 2009, February 27, 2010 and February 27, 2011.

F5: Represents total number of unexercised stock options held directly by the Reporting Person as of May 24, 2011. Reporting Person also owns a total of 13,355 unexercised stock options indirectly by trust.