X0305 4 2012-05-16 0000740260 VENTAS INC VTR 0001215185 RINEY T RICHARD 10350 ORMSBY PARK PLACE, SUITE 300 LOUISVILLE, KY 40223 0 1 0 0 EVP, Chief Admin. Off., GC Common Stock 2012-05-16 4 M 0 28492 43.26 A 273051 D Common Stock 2012-05-16 4 M 0 60950 41.54 A 334001 D Common Stock 2012-05-16 4 M 0 36938 28.96 A 370939 D Common Stock 2012-05-16 4 M 0 20324 44.56 A 391263 D Common Stock 2012-05-16 4 S 0 145399 57.8552 D 245864 D Common Stock 2012-05-16 4 S 0 1305 58.4336 D 244559 D Common Stock 1300 I By IRA Stock Option (Right to Buy) 43.26 2012-05-16 4 M 0 28492 0 D 2007-01-17 2017-01-17 Common Stock 28492 189266 D Stock Option (Right to Buy) 41.54 2012-05-16 4 M 0 60950 0 D 2008-01-22 2018-01-22 Common Stock 60950 128316 D Stock Option (Right to Buy) 28.96 2012-05-16 4 M 0 36938 0 D 2009-01-21 2019-01-21 Common Stock 36938 91378 D Stock Option (Right to Buy) 44.56 2012-05-16 4 M 0 20324 0 D 2010-01-20 2020-01-20 Common Stock 20324 71054 D On May 16, 2012, the Reporting Person transmitted to the Securities and Exchange Commission (the "SEC") a Form 144 covering the sale of the Issuer's common stock reported on Table I. These shares are being sold pursuant to a written non-discretionary Rule 10b5-1(c) sales plan dated November 17, 2011. The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $57.38 to $58.37, inclusive. Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2). The price reported in column 4 is a weighted average price. These shares were sold by the Reporting Person in multiple transactions at prices ranging from $58.38 to $58.52, inclusive. Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3). These options were part of a previously reported grant of 28,492 on January 17, 2007 by the Issuer to the Reporting Person that vested in three equal annual installments on January 17, 2007, January 17, 2008 and January 17, 2009. These options were part of a previously reported grant of 60,950 on January 22, 2008 by the Issuer to the Reporting Person that vested in three equal annual installments on January 22, 2008, January 22, 2009 and January 22, 2010. These options were part of a previously reported grant of 36,938 on January 21, 2009 by the Issuer to the Reporting Person that vested in three equal annual installments on January 21, 2009, January 21, 2010 and January 21, 2011. These options were part of a previously reported grant of 30,485 on January 20, 2010 by the Issuer to the Reporting Person that vested in three equal annual installments on January 20, 2010, January 20, 2011 and January 20, 2012. Represents total number of unexercised stock options held by the Reporting Person as of May 16, 2012. T. Richard Riney 2012-05-18