Edgar Filing: VENTAS INC

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

CAFARO DEBRA A

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

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman, President and CEO

(Last)

(First)

(Middle)

10350 ORMSBY PARK PLACE, SUITE 300

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2007

(Street)

LOUISVILLE,, KY 40223

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	02/06/2007		M		24,500	A	$ 23.81	763,128	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		100	D	$ 47	763,028	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		100	D	$ 47.04	762,928	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		100	D	$ 47.09	762,828	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		200	D	$ 47.12	762,628	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		400	D	$ 47.15	762,228	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		200	D	$ 47.16	762,028	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		100	D	$ 47.17	761,928	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		500	D	$ 47.18	761,428	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		400	D	$ 47.19	761,028	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,100	D	$ 47.2	759,928	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,100	D	$ 47.21	758,828	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,673	D	$ 47.22	757,155	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		3,627	D	$ 47.23	753,528	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		4,234	D	$ 47.24	749,294	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,666	D	$ 47.25	747,628	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		500	D	$ 47.26	747,128	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		300	D	$ 47.27	746,828	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		400	D	$ 47.28	746,428	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		200	D	$ 47.3	746,228	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		300	D	$ 47.31	745,928	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		700	D	$ 47.32	745,228	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,200	D	$ 47.33	744,028	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		500	D	$ 47.34	743,528	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		500	D	$ 47.35	743,028	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		300	D	$ 47.36	742,728	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		400	D	$ 47.37	742,328	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,700	D	$ 47.38	740,628	D
Common Stock	02/06/2007		S⁽¹⁾⁽²⁾		1,300	D	$ 47.39	739,328	D
Common Stock ⁽³⁾	02/06/2007		S⁽¹⁾⁽²⁾		100	D	$ 47.4	739,228	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 23.81

02/06/2007

24,500

01/23/2004⁽⁴⁾

01/23/2014

Common Stock

24,500

$ 0

468,096 ⁽⁵⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CAFARO DEBRA A 10350 ORMSBY PARK PLACE, SUITE 300 LOUISVILLE,, KY 40223	X		Chairman, President and CEO

Signatures

Debra A. Cafaro, By: T. Richard Riney, Attorney-In-Fact		02/08/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On January 11, 2007, 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)	These shares are being sold pursuant to a written non-discretionary Rule 10b5-1(c) sales plan dated November 3, 2006.
(3)	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 under the Rule 10b5-1(c) sales plan described in Footnote (2).
(4)	These options were part of a previously reported grant of 142,080 on January 23, 2004 by the Issuer to the Reporting Person that vested in three equal installments on January 23, 2004, January 23, 2005 and January 23, 2006.
(5)	Represents total number of unexercised stock options held by the Reporting Person as of February 6, 2007.

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