Ventas, Inc. — Director's Dealing 2017

Jan 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2017-01-01

Reporting Person: GELLERT JAY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-01	Common Stock	A	459.853	$62.52	Acquired	118777.502	Direct
2017-01-01	Common Stock	A	900	—	Acquired	119677.502	Direct

Footnotes

F1: Common stock in the form of units granted under the Ventas Nonemployee Directors' Deferred Stock Compensation Plan (the "Deferred Plan") in lieu of director fees pursuant to the director's deferral election. Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Deferred Plan.

F2: Includes 403.351 units acquired on December 30, 2016 under the Deferred Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on December 30, 2016.

F3: Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan (the "Plan"). Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Plan. These restricted stock units vest in two equal annual installments beginning on the first anniversary of the date of the grant.

F4: As of January 1, 2017, Reporting Person owns options to purchase an aggregate of 29,700 shares of Issuer's common stock.