Ventas, Inc. — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-01-01

Reporting Person: ROSENBERG SHELI Z (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-01	Common Stock	A	1028	—	Acquired	68028.758	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-01	Stock Option (Right to Buy)	$55.13	A	5000	Acquired	2022-01-02	Common Stock (5000)	Direct

Footnotes

F1: Restricted stock granted by Issuer pursuant to the Ventas, Inc. 2006 Stock Plan for Directors (the "Stock Plan"). This restricted stock vests in two equal annual installments beginning on the first anniversary of the date of grant.

F2: Includes 1,914.799 shares acquired between March 31, 2011and December 30, 2011 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan.

F3: Includes 2,560.475 shares acquired between January 5, 2011 and January 3, 2012, under the Ventas Employee and Director Stock Purchase Plan.

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

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

F6: Represents total number of unexercised stock options held by the Reporting Person as of January 1, 2012.