X0202 4 2005-03-15 0000740260 VENTAS INC VTR 0001213928 GELLERT JAY M 21650 OXNARD ST., 22ND FLOOR WOODLAND HILLS CA 91367 1 0 0 0 Common Stock 2005-03-15 4 A 0 56.285 26.65 A 14993.929 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. Reporting Person also owns options to purchase 30,000 shares of Issuer's common stock. Jay M. Gellert, By: T. Richard Riney, Attorney-In-Fact 2005-03-17