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: PAULSON ROBERT D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-01	Common Stock	A	1028	—	Acquired	22066	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	2022-01-01	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7992	Indirect

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 50 shares acquired by Reporting Person on July 11, 2011 in exchange for shares of Nationwide Health Properties, Inc. common stock acquired by Reporting Person under the Nationwide Health Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.

F3: Reporting Person disclaims beneficial ownership of these 7,992 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

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.