X0304 4 2012-02-27 0000740260 VENTAS INC VTR 0001215188 CAFARO DEBRA A 353 N. CLARK STREET, SUITE 3300 CHICAGO, IL 60654 1 1 0 0 Chairman and CEO Common Stock 2012-02-27 4 S 0 54822 55.1133 D 704030 D Common Stock 5000 I By Trust On February 27, 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. 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 $55.00 to $55.36, 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 (1). These shares are being sold pursuant to a written non-discretionary Rule 10b5-1(c) sales plan dated May 25, 2011. Reflects shares held by the Cafaro Family Trust, of which Reporting Person's spouse is the trustee. Reporting Person disclaims beneficial ownership of these 5,000 shares except to the extent of the Reporting Person's pecuniary interest in the shares. As of February 27, 2012, Reporting Person also owns directly and indirectly by Trust options to purchase 1,186,923 shares of Issuer's common stock. Debra A. Cafaro, By: T. Richard Riney, Attorney-In-Fact 2012-02-29