Ventas, Inc. — Director's Dealing 2016

Aug 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2016-08-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-02	Common Stock	M	8066	$46.62	Acquired	66256	Direct
2016-08-02	Common Stock	S	8066	$74.865	Disposed	58190	Direct
2016-08-02	Common Stock	M	31934	$51.85	Acquired	90124	Direct
2016-08-02	Common Stock	S	31934	$74.865	Disposed	58190	Direct
2016-08-02	Common Stock	S	20000	$75.4159	Disposed	38190	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-02	Stock Option (Right to Buy)	$46.62	M	8066	Acquired	2022-03-09	Common Stock (8066.0)	Direct
2016-08-02	Stock Option (Right to Buy)	$51.85	M	31934	Acquired	2024-01-29	Common Stock (31934.0)	Direct
2016-08-03	Stock Option (Right to Buy)	$73.71	A	31004	Acquired	2026-08-03	Common Stock (31004.0)	Direct

Footnotes

F1: On August 2, 2016, the Reporting Person 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.

F2: The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $74.32 to $75.26, inclusive. The Reporting Person 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: The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $75.26 to $76.20, inclusive. The Reporting Person 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 (3).

F4: Includes 4,481 shares that are held jointly with spouse.

F5: These options were part of a previously reported grant by the Issuer to the Reporting Person which vested in three equal annual installments beginning March 9, 2013.

F6: These options were part of a previously reported grant by the Issuer to the Reporting Person which vested in three equal annual installments beginning January 29, 2014.

F7: Stock options granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan.

F8: These options vest one-third on the date of grant, one-third on January 27, 2017 and one-third on January 27, 2018.