X0202 4 2005-01-18 0000740260 VENTAS INC VTR 0001042563 THEOBALD THOMAS C 227 WEST MONROE, STE. 3500 CHICAGO IL 60606 1 0 0 0 Common Stock 2005-01-18 4 A 0 39.698 25.19 A 11332.68 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 deferal election and the Plan. Includes 10.217 Units acquired on January 13, 2005 under the Ventas Nonemployee Director Deferred Stock Compensation Plan as a result of dividend equivalents credited with respect to dividend paid on January 13, 2005. As of January 18, 2005, Reporting Person also owns options to purchase 20,000 shares of Issuer's common stock. Thomas C. Theobald, By: T. Richard Riney, Attorney-In-Fact 2005-01-20