X0201 42004-01-05 0000740260 VENTAS INC VTR 0000939563 GEARY RONALD G 10140 LINN STATION ROAD LOUISVILLE KY 40223 1000Stock Option (Right to Buy)22.152004-01-054A0500022.15A2004-01-052014-01-05Common Stock500040000DOptions granted pursuant to the Ventas, Inc. 2000 Stock Option Plan for Directors.The options are exercisable in cumulative 50% annual installments beginning on 1/5/04.Represents the total number of unexercised stock options held by Mr. Geary as of January 5, 2004.As of January 5, 2004, Reporting Person also owns 2,425 shares of Issuer's common stock.Ronald G. Geary By: T. Richard Riney, Attorney-In-Fact2004-01-07