Ventas, Inc. — Director's Dealing 2012

Dec 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-12-12

Reporting Person: GEARY RONALD G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock	M	5000	$52.48	Acquired	23164.697	Direct
2012-12-12	Common Stock	M	2500	$55.13	Acquired	25664.697	Direct
2012-12-12	Common Stock	S	7500	$64.2676	Disposed	18164.697	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-12	Stock Option (Right to Buy)	$52.48	M	5000	Disposed	2021-01-01	Common Stock (5000)	Direct
2012-12-12	Stock Option (Right to Buy)	$55.13	M	2500	Disposed	2022-01-01	Common Stock (2500)	Direct

Footnotes

F1: On December 12, 2012, the Reporting Person transmitted to the Securities and Exchange Commission (the "SEC") a Form 144 covering the sale of the Issuer's common stock reported in Table I. The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $64.2649 to $64.31, inclusive. The Reporting Person undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).

F2: These options were part of a previously reported grant of 5,000 on January 1, 2011, by the Issuer to the Reporting Person that vested in two equal installments beginning on January 1, 2011.

F3: These options were part of a previously reported grant of 5,000 on January 1, 2012, by the Issuer to the Reporting Person that vested or will vest in two equal installments beginning on January 1, 2012.

F4: Represents total number of unexercised stock options held by the Reporting Person as of December 12, 2012.