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: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-21	Common Stock	A	55568	—	Acquired	562654	Direct
2015-01-21	Common Stock	F	8465	$78.34	Disposed	554189	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	317941	Acquired	2025-01-21	Common Stock (317941.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5000	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 21, 2015 under the Plan.

F3: Reporting Person disclaims beneficial ownership of these 5,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares.

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 1,374,468 shares of Issuer's common stock.