X0202 4 2007-07-01 0000740260 VENTAS INC VTR 0001213928 GELLERT JAY M 21650 OXNARD ST., 22ND FLOOR WOODLAND HILLS CA 91367 1 0 0 0 Common Stock 2007-07-01 4 A 0 275.862 36.25 A 24088.3 D Common Stock in the form of Units granted under the Non-Employee 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. Includes 58.793 Units acquired on June 29, 2007 under the Ventas Nonemployee Director Deferred Stock Compensation Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's Common Stock paid on June 29, 2007. Includes 206.906 shares acquired on June 29, 2007, under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan. As of July 1, 2007, Reporting Person also owns options to purchase 40,000 shares of Issuer's common stock. Jay M. Gellert, By: T. Richard Riney, Attorney-In-Fact 2007-07-03