X0202 4 2005-01-03 0000740260 VENTAS INC VTR 0001042563 THEOBALD THOMAS C 227 WEST MONROE, STE. 3500 CHICAGO IL 60606 1 0 0 0 Common Stock 2005-01-03 4 A 0 276.855 27.09 A 9493.083 D Common Stock 2005-01-03 4 A 0 1750 0 A 11243.083 D Stock Option (Right to Buy) 27.09 2005-01-03 4 A 0 5000 27.09 A 2005-01-03 2015-01-03 Common Stock 5000 20000 D Common Stock in the form of Units granted under the Non-Employee Director Deferred Stock Compensation Plan ("Plan") in lieu of Director committee meeting 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 Plan. These shares represent restricted shares granted under the 2004 Stock Plan for Directors. These shares vest in annual installments of 1/2 on first anniversary of grant and 1/2 on second anniversary of grant (January 3, 2006 and January 3, 2007, respectively). Options granted pursuant to the 2004 Stock Plan for Directors. The options are exercisable in cumulative 50% annual installments beginning on January 3, 2005. Thomas C. Theobald, By: T. Richard Riney, Attorney-In-Fact 2005-01-05