X0304 4 2011-10-01 0000740260 VENTAS INC VTR 0001213928 GELLERT JAY M 21650 OXNARD ST., 22ND FLOOR WOODLAND HILLS, CA 91367 1 0 0 0 Common Stock 2011-10-01 4 A 0 506.073 49.40 A 53161.589 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. Includes 30.996 Units acquired on July 12, 2011 under the Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on July 12, 2011. Includes 124.644 Units acquired on September 30, 2011 under the Plan as a result of dividend equivalents credited with respect to the dividend on Issuer's common stock paid on September 30, 2011. Includes 224.355 shares acquired between July 12, 2011 and September 30, 2011 under the Ventas, Inc. Distribution Reinvestment and Stock Purchase Plan. As of October 1, 2011, Reporting Person also owns options to purchase 50,000 shares of Issuer's common stock. Jay M. Gellert, By: T. Richard Riney, Attorney-In-Fact 2011-10-04