X0306 4 2013-01-01 0000740260 VENTAS INC VTR 0001188136 SHELTON JAMES D 2400 NORTH DALLAS PARKWAY, SUITE 450 PLANO, TX 75093 1 0 0 0 Common Stock 2013-01-01 4 A 0 183.483 64.72 A 9996.589 D Common Stock 2013-01-01 4 A 0 1545 0 A 11541.589 D Common stock in the form of units granted under the Ventas Nonemployee Directors' 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. Restricted stock units granted by Issuer pursuant to the Ventas, Inc. 2012 Incentive Plan (the "Incentive Plan"). Such units are payable solely in common stock and subject to the terms and conditions of the director's deferral election and the Incentive Plan. These restricted stock units vest in two equal annual installments beginning on the first anniversary of the date of the grant. As of January 1, 2013, 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 2013-01-03