Ventas, Inc. — Director's Dealing 2014

Jan 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: LUSTIG MATTHEW J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-01	Common Stock	A	327.339	$57.28	Acquired	8964.86	Direct
2014-01-01	Common Stock	A	2269	—	Acquired	11276.67	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 42.810 units acquired on December 31, 2013 under the Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on December 31, 2013.

F4: As of January 1, 2014, Reporting Person also owns options to purchase 8,191 shares of Issuer's common stock.