Ventas, Inc. — Director's Dealing 2014

Mar 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2014-03-07

Reporting Person: Brehl Robert J (Chief Acct. Off. & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-07	Common Stock	A	2527	—	Acquired	28693.585	Direct
2014-03-08	Common Stock	F	227	$60.50	Disposed	28466.585	Direct
2014-03-09	Common Stock	F	188	$60.50	Disposed	21431.918	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-07	Stock Option (Right to Buy)	$60.5	A	15083	Acquired	2024-03-07	Common Stock (15083.0)	Direct

Footnotes

F1: Restricted stock granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan (the "Plan"). This restricted stock vests in three equal annual installments beginning on the first anniversary of the date of the grant.

F2: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on March 8, 2013 under the Plan.

F3: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on March 9, 2012 under the Ventas, Inc. 2006 Incentive Plan.

F4: Includes 320.075 shares acquired between March 12, 2013 and March 10, 2014 under the Ventas Employee and Director Stock Purchase Plan.

F5: Includes 206.258 shares acquired between March 28, 2013 and December 31, 2013 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan.

F6: Reflects Reporting Person's transfer of 7,373 shares of common stock pursuant to a domestic relations order since the date of the Reporting Person's most recent Form 4.

F7: Stock options granted by Issuer pursuant to the Plan.

F8: These options vest in three equal annual installments beginning on the first anniversary of the date of the grant.

F9: As of March 7, 2014, Reporting Person owns options to purchase an aggregate of 25,608 shares of Issuer's common stock.