Ventas, Inc. — Director's Dealing 2016

Mar 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2016-03-30

Reporting Person: CROCKER DOUGLAS II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-30	Common Stock	M	5940	$35.62	Acquired	110104.486	Direct
2016-03-30	Common Stock	S	5940	$62.9082	Disposed	104164.486	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-30	Stock Option (Right to Buy)	$35.62	M	5940	Disposed	2017-01-01	Common Stock (5940.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Indirect

Footnotes

F1: On March 30, 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 $62.87 to $63.01, 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: Reflects shares acquired by the Douglas Crocker II Trust on December 10, 2013, which Reporting Person is the Trustee and which shares were previously reported as being owned directly by Reporting Person.

F4: These options were part of a previously reported grant by the Issuer to the Reporting Person which vested in two equal annual installments beginning January 1, 2007.