Ventas, Inc. — Director's Dealing 2015

Jan 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2015-01-21

Reporting Person: Cobb John D. (EVP, Chief Investment Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-21	Common Stock	A	11584	—	Acquired	42838	Direct
2015-01-21	Common Stock	F	1242	$78.34	Disposed	41596	Direct
2015-01-21	Common Stock	A	12764	—	Acquired	54360	Direct
2015-01-21	Common Stock	F	1323	$78.34	Disposed	53037	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-21	Stock Option (Right to Buy)	$78.34	A	66283	Acquired	2025-01-21	Common Stock (66283.0)	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 date of the grant.

F2: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 21, 2015 under the Plan.

F3: Stock options granted by Issuer pursuant to the Plan.

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

F5: As of January 21, 2015, Reporting Person owns options to purchase an aggregate of 146,542 shares of Issuer's common stock.