Ventas, Inc. — Director's Dealing 2017

Jan 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VENTAS INC (VTR)
CIK: 0000740260
Period of Report: 2017-01-18

Reporting Person: Lillibridge Todd W. (EVP, Medical Prop. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-18	Common Stock	A	19307	—	Acquired	128561.301	Direct
2017-01-18	Common Stock	F	2066	$62.22	Disposed	126495.301	Direct
2017-01-18	Common Stock	A	11803	—	Acquired	138474.043	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-18	Stock Option (Right to Buy)	$62.22	A	152692	Acquired	2027-01-18	Common Stock (152692.0)	Direct

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 18, 2017 under the Plan.

F3: Restricted stock units granted by Issuer pursuant to the Plan. Such units are payable solely in common stock and subject to the terms and conditions of the Plan. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the date of the grant.

F4: Includes 175.742 shares acquired between August 4, 2016 and January 18, 2017 under the Ventas Employee and Director Stock Purchase Plan.

F5: Stock options granted by Issuer pursuant to the Plan.

F6: These options vest in three equal annual installments beginning on the date of the grant.