Ventas, Inc. — Director's Dealing 2012

Jul 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-06-28

Reporting Person: PASQUALE DOUGLAS M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-28	Common Stock	M	10000	$48.60	Acquired	99297	Direct
2012-06-28	Common Stock	F	8858	$61.85	Disposed	90439	Direct
2012-06-29	Common Stock	M	10000	$48.60	Acquired	100439	Direct
2012-06-29	Common Stock	F	8773	$63.12	Disposed	91666	Direct
2012-07-01	Common Stock	F	7906	$63.12	Disposed	83760	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-28	Stock Option (Right to Buy)	$48.60	M	10000	Disposed	2021-02-15	Common Stock (10000)	Direct
2012-06-29	Stock Option (Right to Buy)	$48.60	M	10000	Disposed	2021-02-15	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4326	Indirect

Footnotes

F1: Represents shares withheld to cover the exercise price and taxes due in connection with the exercise of stock options on June 28, 2012.

F2: Represents shares withheld to cover the exercise price and taxes due in connection with the exercise of stock options on June 29, 2012.

F3: Represents shares withheld to pay the taxes on the vesting of restricted stock units granted by Nationwide Health Properties, Inc. ("NHP") on February 15, 2011 and assumed by Issuer in connection with its acquisition of NHP on July 1, 2011.

F4: These options were assumed by Issuer in connection with its acquisition of NHP on July 1, 2011 and vested on December 31, 2011.

F5: Represents total number of unexercised stock options held by the Reporting Person as of July 1, 2012.