X0305 4 2012-04-01 0000740260 VENTAS INC VTR 0001188136 SHELTON JAMES D 2800 NORTH DALLAS PARKWAY, SUITE 200 PLANO, TX 75093 1 0 0 0 Common Stock 2012-04-01 4 A 0 207.968 57.10 A 9395.009 D Common stock in the form of Units granted under the Ventas Nonemployee Director Deferred Stock Compensation Plan (the "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 Plan. As of April 1, 2012, Reporting Person also owns options to purchase 20,000 shares of Issuer's common stock. James D. Shelton, By: T. Richard Riney, Attorney-In-Fact 2012-04-03