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: Lillibridge Todd W. (EVP, Medical Prop. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-21	Common Stock	A	10690	—	Acquired	115553.064	Direct
2015-01-21	Common Stock	F	1149	$78.34	Disposed	114404.064	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	61166	Acquired	2025-01-21	Common Stock (61166.0)	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: Includes 57.781 shares acquired between July 3, 2014 and January 22, 2015 under the Ventas Employee and Director Stock Purchase Plan.

F3: Represents shares withheld to pay the taxes on the vesting of restricted stock granted on January 21, 2015 under the Plan.

F4: Stock options granted by Issuer pursuant to the Plan.

F5: These options vest in three equal annual installments beginning on the date of the grant.

F6: As of January 21, 2015, Reporting Person owns options to purchase an aggregate of 180,984 shares of Issuer's common stock.