Ventas, Inc. — Director's Dealing 2012

Mar 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-03-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-09	Common Stock	A	1640	—	Acquired	19268.282	Direct
2012-03-09	Common Stock	A	4826	—	Acquired	24121.501	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-09	Stock Option (Right to Buy)	$55.39	A	3600	Acquired	2022-03-09	Common Stock (3600)	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 first anniversary of the date of grant.

F2: Restricted stock granted by Issuer pursuant to the Plan. These shares vest on the fifth anniversary of the date of grant.

F3: Includes 27.219 shares acquired between February 28, 2012 and March 12, 2012, under the Ventas Employee and Director Stock Purchase Plan.

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

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

F6: Represents total number of unexercised stock options held by the Reporting Person as of March 9, 2012.