Ventas, Inc. — Director's Dealing 2014

Dec 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2014-12-12

Reporting Person: SCHWEINHART RICHARD A (Senior Advisor to the CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-12	Common Stock	M	82140	$41.54	Acquired	222768.234	Direct
2014-12-12	Common Stock	M	39823	$28.96	Acquired	262591.234	Direct
2014-12-12	Common Stock	M	28816	$44.56	Acquired	291407.234	Direct
2014-12-12	Common Stock	S	150779	$74.818	Disposed	140628.234	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-12	Stock Option (Right to Buy)	$41.54	M	82140	Disposed	2018-01-22	Common Stock (82140.0)	Direct
2014-12-12	Stock Option (Right to Buy)	$28.96	M	39823	Disposed	2019-01-21	Common Stock (39823.0)	Direct
2014-12-12	Stock Option (Right to Buy)	$44.56	M	28816	Disposed	2020-01-20	Common Stock (28816.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1605	Indirect

Footnotes

F1: On December 12, 2014, the Reporting Person transmitted to the Securities and Exchange Commission (the "SEC") a Form 144 covering the sale of the Issuer's common stock reported in Table I. The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $74.42 to $75.15, inclusive. The Reporting Person undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).

F2: These options were part of a previously reported grant of 82,140 on January 22, 2008 by the Issuer to the Reporting Person that vested in three equal annual installments beginning on January 22, 2008.

F3: These options were part of a previously reported grant of 39,823 on January 21, 2009 by the Issuer to the Reporting Person that vested in three equal annual installments beginning on January 21, 2009.

F4: These options were part of a previously reported grant of 28,816 on January 20, 2010 by the Issuer to the Reporting Person that vested in three equal annual installments beginning on January 20, 2010.

F5: As of December 12, 2014, Reporting Person owns options to purchase an aggregate of 160,435 shares of Issuer's common stock.