Ventas, Inc. — Director's Dealing 2013

Jan 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2013-01-01

Reporting Person: GELLERT JAY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-01	Common Stock	A	386.279	$64.72	Acquired	67841.578	Direct
2013-01-01	Common Stock	A	1545	—	Acquired	69749.269	Direct

Footnotes

F1: Common stock in the form of units granted under the Ventas Nonemployee Directors' Deferred Stock Compensation Plan (the "Plan") in lieu of director fees pursuant to the director's deferral election. Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Plan.

F2: Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan (the "Incentive Plan"). Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Incentive Plan. These restricted stock units vest in two equal annual installments beginning on the first anniversary of the date of the grant.

F3: Includes 162.805 units acquired on December 28, 2012 under the Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on December 28, 2012.

F4: Includes 199.886 shares acquired on December 28, 2012 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan.

F5: As of January 1, 2013, Reporting Person also owns options to purchase 45,000 shares of Issuer's common stock.