X0304 4 2011-12-09 0000740260 VENTAS INC VTR 0001042563 THEOBALD THOMAS C 8 SOUND SHORE DRIVE, SUITE 285 GREENWICH, CT 06830 1 0 0 0 Common Stock 2011-12-09 4 M 0 5000 27.09 A 21949.449 D Common Stock 2011-12-09 4 M 0 5000 32.02 A 26949.449 D Common Stock 2011-12-09 4 S 0 10000 53.3043 D 16949.449 D Common Stock 3000 I By Trust Common Stock 1000 I By Child Stock Option (Right to Buy) 27.09 2011-12-09 4 M 0 5000 0 D 2005-01-03 2015-01-03 Common Stock 5000 30000 D Stock Option (Right to Buy) 32.02 2011-12-09 4 M 0 5000 0 D 2006-01-01 2016-01-01 Common Stock 5000 25000 D On December 9, 2011, the Reporting Person transmitted to the Securities and Exchange Commission a Form 144 covering the sale of the Issuer's common stock reported on Table 1. 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 $53.29 to $53.32, inclusive. Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1). Reporting Person disclaims beneficial ownership of these 3,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares. Reporting Person disclaims beneficial ownership of these 1,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares. These options were part of a previously reported grant of 5,000 on January 3, 2005, by the Issuer to the Reporting Person that vested in two equal installments on January 3, 2005 and January 3, 2006. These options were part of a previously reported grant of 5,000 on January 1, 2006, by the Issuer to the Reporting Person that vested in two equal installments on January 1, 2006 and January 1, 2007. Represents total number of unexercised stock options held by the Reporting Person as of December 9, 2011. Thomas C. Theobald, By: T. Richard Riney, Attorney-In-Fact 2011-12-13