X0306 4 2017-01-31 0 0000766704 WELLTOWER INC. HCN 0001242824 ESTES SCOTT A 4500 DORR STREET TOLEDO OH 43615 0 1 0 0 EVP and CFO Common Stock 2017-01-31 4 M 0 4360 0.00 A 121431 D Common Stock 2017-01-31 4 F 0 2112 66.30 D 119319 D Deferred Stock Units 0.00 2017-01-31 4 M 0 4360 0.00 D 2017-01-31 2017-01-31 Common 4360 4360 D The reported transaction was a vesting of 4,360 deferred stock units on January 31, 2017, resulting in the issuance of 4,360 shares of common stock. No amount was payable in connection with the vesting or the common stock issuance. Tax withholding in shares of common stock on 4,360 deferred stock units granted on January 26, 2012, which grant vested on January 31, 2017. These deferred stock units were granted without cash consideration on January 26, 2012 under the Amended and Restated Welltower Inc. 2005 Long-Term Incentive Plan. Each deferred stock unit represents a right to receive one share of common stock of Welltower Inc. at the time of vesting of the unit. These deferred stock units vest in four installments with 4,361 units having vested on January 31 of each of 2012, 2015 and 2016 and 4,360 units vesting on January 31, 2017. By: Matthew McQueen Attorney-in-Fact For: Scott A. Estes 2017-02-01