Ventas, Inc. — Director's Dealing 2014

Jan 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2014-01-29

Reporting Person: RINEY T RICHARD (EVP, Chief Admin. Off., GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-29	Common Stock	A	11171	—	Acquired	122048	Direct
2014-01-29	Common Stock	F	1307	$61.60	Disposed	120741	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-29	Stock Option (Right to Buy)	$61.6	A	67426	Acquired	2024-01-29	Common Stock (67426.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70000	Indirect
Common Stock	12465	Indirect
Common Stock	1300	Indirect

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 date of the grant.

F2: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 29, 2014 under the Plan.

F3: Reporting Person disclaims beneficial ownership of these 12,465 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

F4: These options vest in three equal annual installments beginning on the date of the grant.

F5: As of January 29, 2014, Reporting Person owns options to purchase an aggregate of 174,426 shares of Issuer's common stock.