SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LEWIS RAYMOND J

(Last)

(First)

(Middle)

111 SOUTH WACKER DRIVE, SUITE 4800

(Street)

CHICAGO

60606

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
VENTAS INC [ VTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Investment Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/18/2010		M		48,654	A	$30.83	181,563	D
Common Stock	03/18/2010		S⁽¹⁾		1,100	D	$47.49	180,463	D
Common Stock	03/18/2010		S⁽¹⁾		400	D	$47.495	180,063	D
Common Stock	03/18/2010		S⁽¹⁾		800	D	$47.5	179,263	D
Common Stock	03/18/2010		S⁽¹⁾		800	D	$47.505	178,463	D
Common Stock	03/18/2010		S⁽¹⁾		300	D	$47.5075	178,163	D
Common Stock	03/18/2010		S⁽¹⁾		3,500	D	$47.51	174,663	D
Common Stock	03/18/2010		S⁽¹⁾		600	D	$47.515	174,063	D
Common Stock	03/18/2010		S⁽¹⁾		1,100	D	$47.52	172,963	D
Common Stock	03/18/2010		S⁽¹⁾		100	D	$47.525	172,863	D
Common Stock	03/18/2010		S⁽¹⁾		400	D	$47.535	172,463	D
Common Stock	03/18/2010		S⁽¹⁾		200	D	$47.5375	172,263	D
Common Stock	03/18/2010		S⁽¹⁾		1,100	D	$47.54	171,163	D
Common Stock	03/18/2010		S⁽¹⁾		200	D	$47.5475	170,963	D
Common Stock	03/18/2010		S⁽¹⁾		3,004	D	$47.55	167,959	D
Common Stock	03/18/2010		S⁽¹⁾		300	D	$47.555	167,659	D
Common Stock	03/18/2010		S⁽¹⁾		200	D	$47.5575	167,459	D
Common Stock	03/18/2010		S⁽¹⁾		4,300	D	$47.56	163,159	D
Common Stock	03/18/2010		S⁽¹⁾		1,096	D	$47.565	162,063	D
Common Stock	03/18/2010		S⁽¹⁾		400	D	$47.5675	161,663	D
Common Stock	03/18/2010		S⁽¹⁾		2,784	D	$47.57	158,879	D
Common Stock	03/18/2010		S⁽¹⁾		100	D	$47.579	158,779	D
Common Stock	03/18/2010		S⁽¹⁾		5,450	D	$47.58	153,329	D
Common Stock	03/18/2010		S⁽¹⁾		800	D	$47.585	152,529	D
Common Stock	03/18/2010		S⁽¹⁾		300	D	$47.5875	152,229	D
Common Stock	03/18/2010		S⁽¹⁾		1,800	D	$47.59	150,429	D
Common Stock	03/18/2010		S⁽¹⁾		100	D	$47.595	150,329	D
Common Stock	03/18/2010		S⁽¹⁾		3,300	D	$47.6	147,029	D
Common Stock	03/18/2010		S⁽¹⁾		500	D	$47.605	146,529	D
Common Stock⁽²⁾	03/18/2010		S⁽¹⁾		1,200	D	$47.62	145,329	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$30.83	03/18/2010		M			48,654	01/27/2006⁽³⁾	01/27/2016	Common Stock	48,654	$0	197,603⁽⁴⁾	D

Explanation of Responses:

1. On March 18, 2010, the Reporting Person transmitted to the Securities and Exchange Commission a Form 144 covering the sale of the Issuer's common stock reported on Table I.

2. Please see the Reporting Person's subsequent Form 4 filing dated the date hereof which contains additional transactions which are part of one aggregate direction.

3. These options were part of a previously reported grant of 48,654 on January 27, 2006 by the Issuer to the Reporting Person that vested in three equal annual installments on January 27, 2006, January 27, 2007 and January 27, 2008.

4. Represents total number of unexercised stock options held by the Reporting Person as of March 18, 2010.

Remarks:

	Raymond J. Lewis, By: T. Richard Riney, Attorney-In-Fact	03/22/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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