Ventas, Inc. — Director's Dealing 2013

Mar 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2013-03-15

Reporting Person: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-15	Common Stock	G	5000	—	Disposed	573194	Direct
2013-03-15	Common Stock	G	5000	—	Acquired	10000	Indirect
2013-03-15	Common Stock	S	5000	$70.75	Disposed	5000	Indirect

Footnotes

F1: Represents a bona fide gift from Reporting Person to the Cafaro-Livingston Charitable Trust, a private charitable foundation (the "Trust"). Reporting Person is a co-trustee of the Trust and may be deemed to have shared voting and dispositive power over shares held by the Trust. Reporting Person disclaims beneficial ownership of these 5,000 shares because the Reporting Person has no pecuniary interest in the shares.

F2: On March 15, 2013, the Trust transmitted to the Securities and Exchange Commission a Form 144 covering the sale of the Issuer's common stock reported in Table I.

F3: Reflects shares held by the Cafaro Family Trust, of which Reporting Person's spouse is the trustee. Reporting Person disclaims beneficial ownership of these 5,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F4: As of March 15, 2013, Reporting Person also owns directly and indirectly by trust options to purchase 1,237,128 shares of Issuer's common stock.