Ventas, Inc. — Director's Dealing 2012

Nov 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-11-12

Reporting Person: RINEY T RICHARD (EVP, Chief Admin. Off. & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-12	Common Stock	S	52535	$63.7755	Disposed	12465	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70000	Indirect
Common Stock	1300	Indirect
Common Stock	109559	Direct

Footnotes

F1: On November 12, 2012, the Riney Family Trust (the "Trust") (of which Reporting Person's spouse is the trustee) 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 shares were sold by the Trust for tax and estate planning purposes. The price reported in column 4 is a weighted average price. These shares were sold by the Trust in multiple transactions at prices ranging from $63.415 to $63.920, inclusive. The Trust 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: Reporting Person disclaims beneficial ownership of these 12,465 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F3: As of November 12, 2012, Reporting Person also owns options to purchase 71,054 shares of Issuer's common stock.