Ventas, Inc. — Director's Dealing 2015

Jan 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2015-01-09

Reporting Person: CAFARO DEBRA A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-08	Common Stock	G	10000	—	Disposed	507086	Direct
2015-01-08	Common Stock	G	10000	—	Acquired	15000	Indirect
2015-01-09	Common Stock	S	10000	$76.1673	Disposed	5000	Indirect

Footnotes

F1: Represents a bona fide gift from Reporting Person to the Cafaro-Livingston Charitable Trust, a private charitable foundation (the "Trust"). Reporting Person is a co-trustee of the Trust and may be deemed to have shared voting and dispositive power over shares held by the Trust. Reporting Person disclaims beneficial ownership of these 10,000 shares because the Reporting Person has no pecuniary interest in the shares.

F2: On January 9, 2014, the Trust transmitted to the Securities and Exchange Commission (the "SEC") a Form 144 covering the sale of the Issuer's common stock reported in Table I. The price reported in column 4 is a weighted average price. These shares were sold by the Trust in multiple transactions at prices ranging from $76.15 to $76.2050, inclusive. The Trust undertakes to provide Issuer, any security holder of Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2).

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: As of January 9, 2015, Reporting Person also owns directly and indirectly by trust options to purchase an aggregate of 1,074,294 shares of Issuer's common stock.