Ventas, Inc. — Director's Dealing 2012

Jan 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2012-01-18

Reporting Person: Lillibridge Todd W. (EVP, Medical Prop. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-18	Common Stock	A	11312	—	Acquired	120813.744	Direct
2012-01-18	Common Stock	F	1258	$55.69	Disposed	119841.162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-18	Stock Option (Right to Buy)	$55.69	A	24939	Acquired	2022-01-18	Common Stock (24939)	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 date of grant.

F2: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 18, 2012 under the Plan.

F3: Includes 285.418 shares acquired between July 6, 2011 and January 17, 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 date of grant.

F6: Represents total number of unexercised stock options held by the Reporting Person as of January 18, 2012.