| [X] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|--------------------------------------------------------------------------------------|

| [ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|------------------------------------------------------------------------------------------|

| Delaware(State or Other Jurisdiction ofIncorporation or Organization) |   | 20-3068069(I.R.S. Employer Identification No.) |
|-----------------------------------------------------------------------|--------|-----------------------------------------------------|
| (Registrant's telephone number including area code) | (615) 221-2250 |
|-----------------------------------------------------|----------------|
| Title of Each ClassCommon Stock, $0.01 Par Value Per Share |   | Name of Each Exchange on Which RegisteredNew York Stock Exchange |
|------------------------------------------------------------|--------|------------------------------------------------------------------|
| Large accelerated filer   [X]                                 |   | Accelerated filer   [ ] |
|-------------------------------------------------------------------------|--------|-----------------------------------|
|                                                                    |   |                              |
| Non-accelerated filer [ ] (Do not check if a smaller reporting company) |   | Smaller reporting company [ ]     |

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|                   |                                                                                           | PAGE   |
|------------------------|------------------------------------------------------------------------------------------------|--------|
|                   |                                                                                           |   |
| EXPLANATORY NOTE  |   1                                                                                  |
| PART III               |                                                                                           |   |
|                   |                                                                                           |   |
| Item 10                | Directors, Executive Officers and Corporate Governance                                         | 3      |
| Item 11                | Executive Compensation                                                                         | 9      |
| Item 12                | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 42     |
| Item 13                | Certain Relationships and Related Transactions, and Director Independence                      | 44     |
| Item 14                | Principal Accounting Fees and Services                                                         | 46     |
|                   |                                                                                           |   |
| PART IV                |                                                                                           |   |
|                   |                                                                                           |   |
| Item 15                | Exhibits and Financial Statement Schedules                                                     | 47     |

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| Name                  |   | Age    |   | Position with Brookdale              |   | Class     |
|-----------------------|--------|--------|--------|--------------------------------------|--------|-----------|
| Jeffrey R. Leeds      |   | 69     |   | Non-Executive Chairman               |   | Class III |
| T. Andrew Smith       |   | 55     |   | Chief Executive Officer and Director |   | Class I   |
| Frank M. Bumstead     |   | 73     |   | Director                             |   | Class I   |
| Jackie M. Clegg       |   | 53     |   | Director                             |   | Class II  |
| Granger Cobb          |   | 54     |   | Director                             |   | Class I   |
| Mark J. Parrell       |   | 48     |   | Director                             |   | Class III |
| William G. Petty, Jr. |   | 69     |   | Director                             |   | Class II  |
| James R. Seward       |   | 62     |   | Director                             |   | Class II  |
| Lee S. Wielansky      |   | 63     |   | Director                             |   | Class III |
|                  |   |   |   |                                 |   |      |

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|   | · | reviewing the audit plans and findings of the independent registered public accounting firm and our internal audit and risk review staff, as well as the results of regulatory examinations, and tracking management's corrective action plans where necessary; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing our financial statements (and related regulatory filings), including any significant financial items and/or changes in accounting policies, with our senior management and independent registered public accounting firm; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing our risk and control issues, compliance programs and significant tax and legal matters; |
|--------|--------|---------------------------------------------------------------------------------------------------|

|   | · | having the sole discretion to appoint annually the independent registered public accounting firm and evaluating its independence and performance, as well as to set clear hiring policies for our hiring of employees or former employees of the independent registered public accounting firm; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | reviewing our risk management processes. |
|--------|--------|------------------------------------------|

| Name                |   | Age    |   | Position                                                         |
|---------------------|--------|--------|--------|------------------------------------------------------------------|
| T. Andrew Smith     |   | 55     |   | Chief Executive Officer and Director                             |
| Mark W. Ohlendorf   |   | 55     |   | President and Chief Financial Officer                            |
| Gregory B. Richard  |   | 61     |   | Executive Vice President and Chief Operating Officer             |
| Bryan D. Richardson |   | 56     |   | Executive Vice President and Chief Administrative Officer        |
| Glenn O. Maul       |   | 60     |   | Executive Vice President and Chief People Officer                |
| Tricia A. Conahan   |   | 57     |   | Executive Vice President and Chief Marketing Officer             |
| Kristin A. Ferge    |   | 41     |   | Executive Vice President, Chief Accounting Officer and Treasurer |
| George T. Hicks     |   | 57     |   | Executive Vice President – Finance                         |
| H. Todd Kaestner    |   | 59     |   | Executive Vice President – Corporate Development           |
|                |   |   |   |                                                             |

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| · | T. Andrew Smith, Chief Executive Officer and Director; |
|--------|--------------------------------------------------------|

| · | Mark W. Ohlendorf, President and Chief Financial Officer; |
|--------|-----------------------------------------------------------|

| · | Gregory B. Richard, Executive Vice President and Chief Operating Officer; |
|--------|---------------------------------------------------------------------------|

| · | Bryan D. Richardson, Executive Vice President and Chief Administrative Officer; and |
|--------|-------------------------------------------------------------------------------------|

| · | Kristin A. Ferge, Executive Vice President, Chief Accounting Officer and Treasurer. |
|--------|-------------------------------------------------------------------------------------|

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| · | Base Salary —To attract and retain our key executives, we provide a base salary that reflects the level and scope of responsibility, experience and skills of an executive, as well as competitive market practices. Once base salary is fixed, it does not generally depend on our performance; however, subject to any applicable employment agreement provisions, it remains adjustable based on individual performance. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Annual Cash Incentive Opportunity—The purpose of the annual cash incentive opportunity is to motivate and reward executives for their contributions to our performance by providing them with the opportunity to receive annual cash compensation based on the achievement of company-level and individual performance objectives for the year.  The Committee intends to set targets that are challenging, but generally based on the company's business and operating plans so as to avoid encouraging excessive risk-taking. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Long-Term Incentive Compensation—The purpose of long-term incentive compensation is to align an executive's long-term goals with those of our stockholders. The Committee has historically utilized a mix of time-based and performance-based restricted stock as the forms of long-term incentive compensation awarded to our executives. The Committee believes that the use of restricted stock appropriately aligns the interests of our executives with those of our stockholders. Additionally, as a retention tool, the Committee believes that the use of restricted stock is particularly helpful since restricted stock retains some value irrespective of any movement in stock price. This encourages employees to remain with the Company during the restricted period and to continue to work to achieve our long-term goals for growth and performance. We have never granted stock options to our employees or executives. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2014 Compensation Peer Group         |
|--------------------------------------|
| Capital Senior Living Corporation    |   | LifePoint Hospitals, Inc. |
| Community Health Systems, Inc.       |   | National HealthCare Corporation |
| Emeritus Corporation                 |   | Select Medical Holdings Corporation |
| Five Star Quality Care, Inc.         |   | Tenet Healthcare Corporation |
| Health Management Associates, Inc.   |   | The Ensign Group, Inc. |
| Healthcare Realty Trust Incorporated |   | Universal Health Services, Inc. |
| HealthSouth Corporation              |   | Vanguard Health Systems, Inc. |
| Kindred Healthcare, Inc.             |   | Wyndham Worldwide Corporation |

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| Annual Base Salary  |
|---------------------|
| Name                |   | 2013 |   | 2014 |
| T. Andrew Smith     |   | $825,000 |   | $842,000 |
| Mark W. Ohlendorf   |   | $490,000 |   | $500,000 |
| Gregory B. Richard  |   | $450,000 |   | $459,000 |
| Bryan D. Richardson |   | $360,000 |   | $368,000 |
| Kristin A. Ferge    |   | $250,000 |   | $255,000 |
| 2014 Target Total Annual Cash Incentive Opportunity |
|-----------------------------------------------------|
| Name                                                |   | Percentage of 2014 Base Salary |   | 2014 Target Total  Opportunity |
| T. Andrew Smith                                     |   | 125% |   | $1,052,500 |
| Mark W. Ohlendorf                                   |   | 100% |   | $500,000 |
| Gregory B. Richard                                  |   | 100% |   | $459,000 |
| Bryan D. Richardson                                 |   | 100% |   | $368,000 |
| Kristin A. Ferge                                    |   | 80% |   | $203,817 |

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| 2014 Target Annual Cash Incentive Opportunity by Objective |
|------------------------------------------------------------|
| Name                                                       |   | CFFO per Share |   | Same Community NOI Growth |   | Individual Objectives |
| T. Andrew Smith                                            |   | $641,500 |   | $153,000 |   | $258,000 |
| Mark W. Ohlendorf                                          |   | $287,000 |   | $50,000 |   | $163,000 |
| Gregory B. Richard                                         |   | $258,000 |   | $46,000 |   | $155,000 |
| Bryan D. Richardson                                        |   | $207,000 |   | $37,000 |   | $124,000 |
| Kristin A. Ferge                                           |   | $142,672 |   | — |   | $61,145 |

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| 2014 CFFO per Share Targets and Payout Percentages |
|----------------------------------------------------|
| CFFO per Share Targets                             |   | Payout as a Percentage ofTarget CFFO per ShareOpportunity |
| $3.15 or more                                      |   | 200% |
| $2.95                                              |   | 150% |
| $2.91                                              |   | 140% |
| $2.87                                              |   | 130% |
| $2.83                                              |   | 120% |
| $2.79                                              |   | 110% |
| $2.75                                              |   | 100% |
| $2.70                                              |   | 90% |
| $2.65                                              |   | 80% |
| $2.60                                              |   | 60% |
| $2.55                                              |   | 40% |
| $2.50                                              |   | 20% |
| $2.49 or less                                      |   | 0% |

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| 2014 Year-Over-Year Same Community NOI Growth Targets and Payout Percentages |
|------------------------------------------------------------------------------|
| Year-Over-Year Same Community NOI Growth Targets                             |   | Payout as a Percentage of Target Same Community NOI Growth Opportunity |
| Grid continues at .2% growth                                                 |   |   |
| 7.51%                                                                        |   | 200% |
| 6.51%                                                                        |   | 150% |
| 6.31%                                                                        |   | 140% |
| 6.11%                                                                        |   | 130% |
| 5.91%                                                                        |   | 120% |
| 5.71%                                                                        |   | 110% |
| 5.51%                                                                        |   | 100% |
| 5.25%                                                                        |   | 90% |
| 5.00%                                                                        |   | 80% |
| 4.50%                                                                        |   | 50% |
| 4.00%                                                                        |   | 20% |
| Below 4.00%                                                                  |   | 0% |

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| Actual 2014 Total Payment under 2014 Annual Cash Incentive Programs |
|---------------------------------------------------------------------|
| Name                                                                |   | Actual 2014Total Payment |   | 2014Target TotalOpportunity |   | Actual 2014Total Paymentas a Percentageof 2014Target TotalOpportunity |
| T. Andrew Smith                                                     |   | $714,580 |   | $1,052,500 |   | 67.9% |
| Mark W. Ohlendorf                                                   |   | $364,820 |   | $500,000 |   | 73.0% |
| Gregory B. Richard                                                  |   | $340,230 |   | $459,000 |   | 74.1% |
| Bryan D. Richardson                                                 |   | $274,996 |   | $368,000 |   | 74.7% |
| Kristin A. Ferge                                                    |   | $197,961 |   | $203,817 |   | 97.1% |

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| CFFO per Share Payment |
|------------------------|
| Name                   |   | Target Amount |   | Achievement (as adjusted) |   | Payment |
| T. Andrew Smith        |   | $641,500 |   | 76.0% |   | $487,540 |
| Mark W. Ohlendorf      |   | $287,000 |   | 76.0% |   | $218,120 |
| Gregory B. Richard     |   | $258,000 |   | 76.0% |   | $196,080 |
| Bryan D. Richardson    |   | $207,000 |   | 76.0% |   | $157,320 |
| Kristin A. Ferge       |   | $142,672 |   | 97.2% |   | $138,697 |
| Same Community NOI Growth Objective Payment |
|---------------------------------------------|
| Name                                        |   | Target Amount |   | Achievement |   | Payment |
| T. Andrew Smith                             |   | $153,000 |   | 0% |   | — |
| Mark W. Ohlendorf                           |   | $50,000 |   | 0% |   | — |
| Gregory B. Richard                          |   | $46,000 |   | 0% |   | — |
| Bryan D. Richardson                         |   | $37,000 |   | 0% |   | — |
| Individual Objectives Bonus Payment |
|-------------------------------------|
| Name                                |   | Target Amount |   | Achievement |   | Payment |
| T. Andrew Smith                     |   | $258,000 |   | 88.0% |   | $227,040 |
| Mark W. Ohlendorf                   |   | $163,000 |   | 90.0% |   | $146,700 |
| Gregory B. Richard                  |   | $155,000 |   | 93.0% |   | $144,150 |
| Bryan D. Richardson                 |   | $124,000 |   | 94.9% |   | $117,676 |
| Kristin A. Ferge                    |   | $61,145 |   | 96.9% |   | $59,264 |

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| · | Our acquisition of Emeritus Corporation, which closed on July 31 and resulted in short-term dilution to 2014 CFFO per share of $0.06. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

| · | Our completion of transactions with HCP, Inc., which closed on August 29 and resulted in short-term dilution to 2014 CFFO per share of $0.03. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| · | Our issuance of approximately 10.3 million shares of common stock on September 12 as part of a $330 million equity offering, which resulted in short-term dilution to 2014 CFFO per share of $0.04. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                             |   | Three Months Ended |         |        | Year Ended    |   |
|----------------------------------------------------------------------------------|--------|--------------------|---------|--------|---------------|--------|
| (in thousands, except per share data)                                            |   | March 31, 2014     |    |   | June 30, 2014 |   |   | September 30, 2014 |   |   | December 31, 2014 |   |   | December 31, 2014 |   |
| Net cash provided by operating activities                                        |   | $                  | 52,696  |   |          | $      | 91,518 |   |   | $ | 12,634 |   |   | $ | 85,804 |   |   | $ | 242,652 |   |
| Changes in operating assets and liabilities                                      |   |               | 28,558  |   |          |   | (2,469 | ) |   |   | 29,620 |   |   |   | (18,610 | ) |   |   | 37,099 |   |
| Refundable entrance fees received                                                |   |               | 5,924   |   |          |   | 11,018 |   |   |   | 3,388 |   |   |   | 12 |   |   |   | 20,342 |   |
| Entrance fee refunds disbursed                                                   |   |               | (8,446  | )      |          |   | (9,213 | ) |   |   | (7,668 | ) |   |   | (538 | ) |   |   | (25,865 | ) |
| Recurring capital expenditures, net                                              |   |               | (9,369  | )      |          |   | (11,841 | ) |   |   | (13,199 | ) |   |   | (16,353 | ) |   |   | (50,762 | ) |
| Lease financing debt amortization with fair market value or no purchase options  |   |               | (3,897  | )      |          |   | (3,983 | ) |   |   | (10,710 | ) |   |   | (10,028 | ) |   |   | (28,618 | ) |
| Distributions from unconsolidated ventures from cumulative share of net earnings |   |               | (245    | )      |          |   | (370 | ) |   |   | (595 | ) |   |   | (630 | ) |   |   | (1,840 | ) |
| Cash From Facility Operations from unconsolidated ventures                       |   |               | 2,241   |   |          |   | 1,996 |   |   |   | 9,435 |   |   |   | 11,662 |   |   |   | 25,334 |   |
| Reported Cash From Facility Operations                                           |   | $                  | 67,462  |   |          | $      | 76,656 |   |   | $ | 22,905 |   |   | $ | 51,319 |   |   | $ | 218,342 |   |
| Add: integration, transaction-related and EMR roll-out costs                     |   |               | 11,783  |   |          |   | 11,941 |   |   |   | 76,649 |   |   |   | 46,023 |   |   |   | 146,396 |   |
| Adjusted Cash From Facility Operations                                           |   | $                  | 79,245  |   |          | $      | 88,597 |   |   | $ | 99,554 |   |   | $ | 97,342 |   |   | $ | 364,738 |   |
| Weighted Average Shares                                                          |   |               | 124,478 |   |          |   | 125,058 |   |   |   | 159,003 |   |   |   | 183,432 |   |   |   | 148,185 |   |
| CFFO per share                                                                   |   | $                  | 0.54    |   |          | $      | 0.61 |   |   | $ | 0.14 |   |   | $ | 0.28 |   |   | $ | 1.57 |   |
| Add: integration, transaction-related and EMR roll-out costs                     |   |               | 0.10    |   |          |   | 0.10 |   |   |   | 0.49 |   |   |   | 0.25 |   |   |   | 0.94 |   |
| Adjusted CFFO per share                                                          |   | $                  | 0.64    |   |          | $      | 0.71 |   |   | $ | 0.63 |   |   | $ | 0.53 |   |   | $ | 2.51 |   |

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| Revised 2014 CFFO per Share and Company-Level Objectives Payment    |
|---------------------------------------------------------------------|
| Revised 2014 Objectives/Period                                      |   | Target Amount |   | Achievement |   | Payment |
| CFFO per Share (January 1, 2014 – July 31, 2014)              |   | $91,717 |   | 110.0% |   | $100,889 |
| Company-level objectives (August 1, 2014 – December 31, 2014) |   | $50,955 |   | 74.2% |   | $37,808 |

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| Revised 2014 Individual Objectives Payment |
|--------------------------------------------|
| Applicable Period                          |   | Target Amount |   | Achievement |   | Payment |
| January 1, 2014 – July 31, 2014      |   | $35,668 |   | 94.7% |   | $33,787 |
| August 1, 2014 – December 31, 2014   |   | $25,477 |   | 100% |   | $25,477 |

| 2014 Long-Term Incentive Awards |
|---------------------------------|
| Name                            |   | Annual Grantof Time-BasedRestrictedStock ($) |   | Annual Grantof Performance-BasedRestricted Stock ($) |   | Other Grant ofTime-BasedRestrictedStock ($) |   | Total ($) |
| T. Andrew Smith                 |   | $1,787,522 |   | $1,625,003 |   | — |   | $3,412,525 |
| Mark W. Ohlendorf               |   | $516,674 |   | $469,677 |   | — |   | $986,351 |
| Gregory B. Richard              |   | $481,264 |   | $437,535 |   | — |   | $918,799 |
| Bryan D. Richardson             |   | $387,837 |   | $352,562 |   | — |   | $740,399 |
| Kristin A. Ferge                |   | $193,094 |   | $175,538 |   | $172,100 |   | $540,732 |

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| 2011 LTIP Awards – 2014 Program Max ROI Targets |
|-------------------------------------------------------|
| ROI Target                                            |   | Percentage of Tranche that Would Vest |
| 14% or above                                          |   | 100% |
| 12%                                                   |   | 75% |
| 11%                                                   |   | 55% |
| 10%                                                   |   | 40% |
| Below 10%                                             |   | No vesting |
| Vesting of 2011 Performance-Based Restricted Stock Awards |
|-----------------------------------------------------------|
| Name                                                      |   | Shares Eligible to Vest in May 2015 |   | Percentage of Shares that will Vest in May 2015 |
| T. Andrew Smith                                           |   | 8,540 |   | 100% |
| Mark W. Ohlendorf                                         |   | 8,540 |   | 100% |
| Gregory B. Richard                                        |   | 6,411 |   | 100% |
| Bryan D. Richardson                                       |   | 6,411 |   | 100% |
| Kristin A. Ferge                                          |   | 3,192 |   | 100% |
| 2012 LTIP Awards – 2014 CFFO per Share Targets |
|------------------------------------------------------|
| 2014 CFFO per Share                                  |   | Percentage of Tranche that Would Vest |
| $2.96 or above                                       |   | 100% |
| $2.81                                                |   | 75% |
| $2.66                                                |   | 55% |
| $2.59                                                |   | 40% |
| Below $2.59                                          |   | No vesting |

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|     Vesting of 2012 Performance-Based Restricted Stock Awards |
|-----------------------------------------------------------------------------------|
| Name                                                                              |   | Shares Eligible to Vest in February 2015 |   | Percentage of Shares that Vested in February 2015 |
| T. Andrew Smith                                                                   |   | 18,471 |   | 0% |
| Mark W. Ohlendorf                                                                 |   | 18,471 |   | 0% |
| Gregory B. Richard                                                                |   | 13,865 |   | 0% |
| Bryan D. Richardson                                                               |   | 13,865 |   | 0% |
| Kristin A. Ferge                                                                  |   | 6,903 |   | 0% |

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| Stock Ownership Guidelines—Expected Level of Ownership |
|--------------------------------------------------------------|
| Position                                                     |   | Number of Shares (Prior Guidelines) |   | Multiple ofBase Salary (Current Guidelines) |
| Chief Executive Officer                                      |   | 150,000 |   | 5.0x |
| Chief Financial Officer or Chief Operating Officer           |   | 100,000 |   | 4.0x |
| Chief Administrative Officer                                 |   | 50,000 |   | 3.0x |
| Executive Vice President                                     |   | 35,000 |   | 3.0x |

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| · | If such termination occurs within 12 months of a change in control, the payment in a lump sum on the 60th day following such termination of 300% of the named executive officer's target annual bonus opportunity for the year of termination; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | If such termination occurs outside the context of a change in control, payments in installments over 18 months of 250% of the named executive officer's target annual bonus opportunity for the year of termination; and |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | For Messrs. Ohlendorf, Richard and Richardson, the payment of an annual cash bonus for the year of termination (to the extent earned under the terms of the annual incentive plan), pro-rated based on the number of days he was employed by us, whether or not such termination occurs in the context of a change in control.  Mr. Smith was already entitled to receive a similar pro-rated annual bonus pursuant to the terms of his employment agreement. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2015 Compensation Peer Group               |
|--------------------------------------------|
| Centene Corporation                        |   | National HealthCare Corporation |
| Community Health Systems, Inc.             |   | Omnicare, Inc. |
| Darden Restaurants, Inc.                   |   | Quest Diagnostics Incorporated |
| HealthSouth Corporation                    |   | Select Medical Holdings Corporation |
| Health Care REIT, Inc.                     |   | Starwood Hotels & Resorts Worldwide, Inc. |
| Hyatt Hotels Corporation                   |   | Tenet Healthcare Corporation |
| Kindred Healthcare, Inc.                   |   | The Ensign Group, Inc. |
| Laboratory Corporation of America Holdings |   | Universal Health Services, Inc. |
| LifePoint Hospitals, Inc.                  |   | Wyndham Worldwide Corporation |

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| 2015 Annual Base Salary |
|-------------------------|
| Name                    |   | 2015 |   | Increase from 2014 |
| T. Andrew Smith         |   | $950,000 |   | 13% |
| Mark W. Ohlendorf       |   | $540,000 |   | 8% |
| Gregory B. Richard      |   | $510,000 |   | 11% |
| Bryan D. Richardson     |   | $420,000 |   | 14% |
| Kristin A. Ferge        |   | $260,000 |   | 2% |
| 2015 Target Total Annual Cash Incentive Opportunity |
|-----------------------------------------------------|
| Name                                                |   | Percentage of 2015 Base Salary |   | Total 2015 Target Opportunity |
| T. Andrew Smith                                     |   | 125% |   | $1,187,500 |
| Mark W. Ohlendorf                                   |   | 100% |   | $540,000 |
| Gregory B. Richard                                  |   | 100% |   | $510,000 |
| Bryan D. Richardson                                 |   | 100% |   | $420,000 |
| Kristin A. Ferge                                    |   | 80% |   | $208,000 |

| 2015 Long-Term Incentive Awards |
|---------------------------------|
| Name                            |   | 2015Annual Grant ($) |   |   | 2015Other Grant ($) |
| T. Andrew Smith                 |   | $4,750,022 |   |   | $2,786,757 |
| Mark W. Ohlendorf               |   | $1,500,027 |   |   | $668,826 |
| Gregory B. Richard              |   | $1,100,017 |   |   | $668,826 |
| Bryan D. Richardson             |   | $800,019 |   |   | $780,279 |
| Kristin A. Ferge                |   | $351,093 |   |   | — |

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| Name and Principal Position  |   | Year   |   | Salary ($) |   | Bonus ($) |   | StockAwards ($)(1) |   | Non-Equity Incentive Plan Compensation ($)(2) |   | All Other Compensation ($)(3) |   | Total ($) |
|------------------------------|--------|--------|--------|------------|--------|-----------|--------|--------------------|--------|-----------------------------------------------|--------|-------------------------------|--------|-----------|
|                         |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| T. Andrew Smith,             |   | 2014   |   | 841,216    |   | —   |   | 3,412,525          |   | 714,580                                       |   | 11,025                        |   | 4,979,346 |
| Chief Executive Officer(4)   |   | 2013   |   | 762,635    |   | —   |   | 3,250,007          |   | 1,059,190                                     |   | 10,841                        |   | 5,082,673 |
|                         |   | 2012   |   | 480,000    |   | —   |   | 939,369            |   | 440,551                                       |   | 9,699                         |   | 1,869,619 |
|                         |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| Mark W. Ohlendorf,           |   | 2014   |   | 499,538    |   | —   |   | 986,351            |   | 364,820                                       |   | 10,731                        |   | 1,861,440 |
| President and                |   | 2013   |   | 490,000    |   | —   |   | 939,375            |   | 542,229                                       |   | 10,635                        |   | 1,982,239 |
| Chief Financial Officer      |   | 2012   |   | 480,000    |   | —   |   | 939,369            |   | 440,551                                       |   | 9,699                         |   | 1,869,619 |
|                         |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| Gregory B. Richard,          |   | 2014   |   | 458,585    |   | —   |   | 918,799            |   | 340,230                                       |   | 10,781                        |   | 1,728,395 |
| Executive Vice President and |   | 2013   |   | 404,577    |   | —   |   | 1,265,154          |   | 421,925                                       |   | 9,958                         |   | 2,101,614 |
| Chief Operating Officer      |   | 2012   |   | 350,000    |   | —   |   | 705,113            |   | 323,502                                       |   | 9,092                         |   | 1,387,707 |
|                         |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| Bryan D. Richardson,         |   | 2014   |   | 367,631    |   | —   |   | 740,399            |   | 274,996                                       |   | 10,239                        |   | 1,393,265 |
| Executive Vice President and |   | 2013   |   | 360,000    |   | —   |   | 705,143            |   | 397,757                                       |   | 8,453                         |   | 1,471,353 |
| Chief Administrative Officer |   | 2012   |   | 350,000    |   | —   |   | 705,113            |   | 321,102                                       |   | 7,043                         |   | 1,383,258 |
|                         |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| Kristin A. Ferge,            |   | 2014   |   | 254,769    |   | 25,000    |   | 540,732            |   | 197,961                                       |   | 6,200                         |   | 1,024,662 |
| Executive Vice President and |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |
| Chief Accounting Officer     |   |   |   |       |   |      |   |               |   |                                          |   |                          |   |      |

----

| (1) | Represents the aggregate grant date fair value of time-based and performance-based restricted stock awards computed in accordance with FASB Accounting Standards Codification ("ASC") Topic 718. See Note 14 to our Consolidated Financial Statements included in the Original Filing for a summary of the assumptions made in the valuation of these awards. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents the payout of each named executive officer's annual cash incentive opportunity with respect to performance in 2012, 2013 and 2014, as applicable. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The amount represents the employer matching contribution to our 401(k) Plan and premiums on Company-provided life and disability insurance for each of our named executive officers. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Mr. Smith served as Executive Vice President, General Counsel and Secretary until February 20, 2013, when he became Chief Executive Officer. For a summary of his compensation as Chief Executive Officer, see "Compensation Discussion and Analysis—Employment Agreement and Severance Policies Applicable to Named Executive Officers—Employment Agreement with T. Andrew Smith," above. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name                |          | Grant Date |       | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards |        | Estimated Possible Payouts Under Equity Incentive Plan Awards |   | All Other Stock Awards: Number of Shares of Stock or Units (#) |   | Grant Date Fair Value of Stock Awards ($) |
|---------------------|---------------|------------|------------|-------------------------------------------------------------------|-------------|---------------------------------------------------------------|--------|----------------------------------------------------------------|--------|-------------------------------------------|
|                | Threshold ($) |       | Target ($) |                                                              | Maximum ($) | Threshold (#)                                                 |   | Target (#)                                                     |   | Maximum (#)                               |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
| T. Andrew Smith     |          | —    |       | 128,300(1)                                                        |        | 641,500(1)                                                    |   | 1,283,000(1)                                                   |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | 30,600(2)                                                         |        | 153,000(2)                                                    |   | — (2)                                                    |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | —(3)                                                        |        | 258,000(3)                                                    |   | 258,000(3)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | 12,033(4)                                 |   | 60,163(4) |   | 60,163(4) |   | — |   | 1,625,003 |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 66,180(5) |   | 1,787,522 |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
| Mark W. Ohlendorf   |          | —    |       | 57,400(1)                                                         |        | 287,000(1)                                                    |   | 574,000(1)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | 10,000(2)                                                         |        | 50,000(2)                                                     |   | — (2)                                                    |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | —(3)                                                        |        | 163,000(3)                                                    |   | 163,000(3)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | 3,478(4)                                  |   | 17,389(4) |   | 17,389(4) |   | — |   | 469,677 |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 19,129(5) |   | 516,674 |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
| Gregory B. Richard  |          | —    |       | 51,600(1)                                                         |        | 258,000(1)                                                    |   | 516,000(1)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | 9,200(2)                                                          |        | 46,0002)                                                      |   | — (2)                                                    |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | —(3)                                                        |        | 155,000(3)                                                    |   | 155,000(3)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | 3,240(4)                                  |   | 16,198(4) |   | 16,198(4) |   | — |   | 437,535 |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 17,818(5) |   | 481,264 |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
| Bryan D. Richardson |          | —    |       | 41,400(1)                                                         |        | 207,000(1)                                                    |   | 414,000(1)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | 7,400(2)                                                          |        | 37,000(2)                                                     |   | — (2)                                                    |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | —(3)                                                        |        | 124,000(3)                                                    |   | 124,000(3)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | 2,611(4)                                  |   | 13,053(4) |   | 13,053(4) |   | — |   | 352,562 |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 14,359(5) |   | 387,837 |
|                |          |       |       |                                                              |        |                                                          |   |                                                           |   |                                      |   |   |   |   |   |   |   |   |
| Kristin A. Ferge    |          | —    |       | 28,534(1)                                                         |        | 142,672 (1)                                                   |   | — (1)                                                    |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | —    |       | —(3)                                                        |        | 61,145 (3)                                                    |   | 61,145 (3)                                                     |   | —                                   |   | — |   | — |   | — |   | — |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | 1,300(4)                                  |   | 6,499(4) |   | 6,499(4) |   | — |   | 175,538 |
|                |          | 2/5/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 7,149(5) |   | 193,094 |
|                |          | 9/4/2014   |       | —                                                           |        | —                                                       |   | —                                                        |   | —                                   |   | — |   | — |   | 5,000(6) |   | 172,100 |

----

| (1) | Represents the amounts which would have been payable in cash at threshold, target and maximum under the CFFO portion of the 2014 annual cash incentive program for the named executive officers, the terms of which are summarized above.  Ms. Ferge's award did not have a maximum payout. Achievement in excess of the targeted level of performance would have resulted in a payout in excess of 100% of the target bonus opportunity, limited to up to 200% in the case of Messrs. Smith, Ohlendorf, Richard and Richardson. As further described above, for Messrs. Smith, Ohlendorf, Richard and Richardson the payout amounts related to this performance objective were equitably adjusted by the Committee as a result of the dilution to 2014 CFFO per share caused by the timing of closing of our acquisition of Emeritus Corporation, the transactions with HCP, Inc. and our equity offering, each of which occurred in the third quarter of 2014, and for Ms. Ferge this performance objective was amended in connection with the closing of our acquisition of Emeritus Corporation.  The named executive officers actually earned the following cash amounts with respect to 2014 performance under this portion of the annual cash incentive programs, which amounts are reflected in the Summary Compensation Table: Mr. Smith—$487,540; Mr. Ohlendorf—$218,120; Mr. Richard—$196,080; Mr. Richardson—$157,320; and Ms. Ferge—$138,697. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents the amounts which would have been payable in cash at threshold and target under the year-over-year same community NOI growth portion of the 2014 annual cash incentive program for Messrs. Smith, Ohlendorf, Richard and Richardson, the terms of which are summarized above. Achievement in excess of the targeted level of performance would have resulted in a payout in excess of 100% of the target bonus opportunity, which would have been limited to $2,000,000 in the aggregate with respect to both company-level objectives under the 2014 annual cash incentive program.  The named executive officers actually earned no amounts with respect to 2014 performance under this portion of the annual cash incentive program, which is reflected in the Summary Compensation Table. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Represents the amounts which would have been payable in cash at target and maximum under the individual objectives portion of the 2014 annual cash incentive programs for the named executive officers, the terms of which are summarized above. The individual objectives portion of the annual cash incentive programs did not specify a minimum threshold level of performance. As reported in the Summary Compensation Table, the named executive officers actually earned the following cash amounts with respect to 2014 performance under this portion of the annual incentive program: Mr. Smith—$227,040; Mr. Ohlendorf—$146,700; Mr. Richard—$144,150; Mr. Richardson—$117,676; and Ms. Ferge—$59,264. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Represents shares of performance-based restricted stock granted under our Omnibus Stock Incentive Plan. As described above, seventy-five percent (75%) of the performance-based shares will vest on February 27, 2017 and twenty-five percent (25%) of the performance-based shares will vest on February 27, 2018 in each case subject to continued employment and dependent upon the level of achievement of performance goals established for each tranche by the Committee. The performance targets for the first tranche of performance-based shares are based on our three-year CAGR of CFFO per share, with results to be measured based on our CFFO per share in 2016. The performance targets for the second tranche of performance-based shares are based on our calendar year 2017 ROI on all Program Max projects approved in 2014 and completed prior to the end of 2015. With respect to each performance-based tranche, achievement of the threshold level of performance would result in the vesting of 20% of the shares in that tranche.  Achievement of the targeted level of performance for each performance-based tranche would result in the vesting of 100% of the shares in that tranche. Any performance-based shares which do not vest in either tranche will be forfeited. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Represents shares of time-based restricted stock granted under our Omnibus Stock Incentive Plan.  The shares vested or will vest ratably in four annual installments beginning on February 27, 2015, subject to continued employment. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Represents shares of time-based restricted stock granted under our 2014 Omnibus Incentive Plan.  The shares will vest ratably in three annual installments beginning on September 12, 2015, subject to continued employment. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|              |   |       |   | Stock Awards                                                |
|-------------------|--------|------------|--------|-------------------------------------------------------------|
| Name              |   | Grant Date |   | Number of Shares orUnits of Stock ThatHave Not Vested(#)(1) |   | Market Value ofShares or Units ofStock That Have NotVested($) |   | Equity IncentivePlan Awards: Number ofUnearned Shares,Units or OtherRights That HaveNot Vested(#) |   | Equity IncentivePlan Awards:Market or PayoutValue of UnearnedShares, Units orOther Rights ThatHave Not Vested($) |
|              |   |       |   |                                                        |   |   |   |   |   |   |
| T. Andrew Smith   |   | 8/10/2011  |   | 8,540                                                       |   |              313,162 |   |               8,540(2) |   |              313,162 |
|              |   | 2/16/2012  |   | 12,315                                                      |   |              451,591 |   |             24,629(3) |   |              903,145 |
|              |   | 2/11/2013  |   | 41,853                                                      |   |          1,534,750 |   |             65,104(4) |   |          2,387,364 |
|              |   | 2/5/2014   |   | 66,180                                                      |   |          2,426,821 |   |             60,163(5) |   |          2,206,177 |
| Total             |   |       |   | 128,888                                                     |   | 4,726,324 |   | 158,436 |   | 5,809,848 |
|              |   |       |   |                                                        |   |   |   |   |   |   |
| Mark W. Ohlendorf |   | 8/10/2011  |   | 8,540                                                       |   |              313,162 |   |               8,540(2) |   |              313,162 |
|              |   | 2/16/2012  |   | 12,315                                                      |   |              451,591 |   |             24,629(3) |   |              903,145 |
|              |   | 2/11/2013  |   | 13,106                                                      |   |              480,597 |   |             17,473(4) |   |              640,735 |
|              |   | 2/5/2014   |   | 19,129                                                      |   |              701,460 |   |             17,389(5) |   |              637,655 |
| Total             |   |       |   | 53,090                                                      |   | 1,946,810 |   | 68,031 |   | 2,494,697 |

----

| Gregory B. Richard  |   | 8/10/2011 |   | 6,411  |   |              235,091 |   |               6,411(2) |   |              235,091 |
|---------------------|--------|-----------|--------|--------|--------|---------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|
|                |   | 2/16/2012 |   | 9,244  |   |              338,977 |   |             18,487(3)            |   |              677,918 |
|                |   | 2/11/2013 |   | 9,838  |   |              360,759 |   |             13,116(4)            |   |              480,964 |
|                |   | 6/13/2013 |   | 7,822  |   |              286,833 |   |             10,428(6)            |   |              382,395 |
|                |   | 2/5/2014  |   | 17,818 |   |              653,386 |   |             16,198(5)            |   |              593,981 |
| Total               |   |      |   | 51,133 |   | 1,875,046                                                                             |   | 64,640                                                                                       |   | 2,370,349                                                                             |
|                |   |      |   |   |   |                                                                                  |   |                                                                                         |   |                                                                                  |
| Bryan D. Richardson |   | 8/10/2011 |   | 6,411  |   |              235,091 |   | 6,411(2)                                                                                     |   |              235,091 |
|                |   | 2/16/2012 |   | 9,244  |   |              338,977 |   | 18,487(3)                                                                                    |   |              677,918 |
|                |   | 2/11/2013 |   | 9,838  |   |              360,759 |   | 13,116(4)                                                                                    |   |              480,964 |
|                |   | 2/5/2014  |   | 14,359 |   |              526,545 |   | 13,053(5)                                                                                    |   |              478,654 |
| Total               |   |      |   | 39,852 |   | 1,461,372                                                                             |   | 51,067                                                                                       |   | 1,872,627                                                                             |
|                |   |      |   |   |   |                                                                                  |   |                                                                                         |   |                                                                                  |
| Kristin A. Ferge    |   | 8/10/2011 |   | 3,192  |   | 117,051                                                                               |   | 3,192(2)                                                                                     |   | 117,051                                                                               |
|                |   | 2/16/2012 |   | 4,603  |   | 168,792                                                                               |   | 9,205(3)                                                                                     |   | 337,547                                                                               |
|                |   | 3/27/2013 |   | 4,899  |   | 179,646                                                                               |   | 6,530(4)                                                                                     |   | 239,455                                                                               |
|                |   | 2/5/2014  |   | 7,149  |   | 262,154                                                                               |   | 6,499(5)                                                                                     |   | 238,318                                                                               |
|                |   | 9/4/2014  |   | 5,000  |   | 183,350                                                                               |   | —                                                                                      |   | —                                                                               |
| Total               |   |      |   | 24,843 |   | 910,993                                                                               |   | 25,426                                                                                       |   | 932,371                                                                               |

|  (1) | Represents shares of time-based restricted stock, the vesting of which is subject to continued employment.  Restricted stock awards granted during February or March have vested or will vest ratably in four annual installments beginning on February 27 in the year following the year of grant.  Restricted stock awards granted during June or August have vested or will vest ratably in four annual installments beginning on May 20 in the year following the year of grant.  Restricted stock awards granted during September will vest ratably in three annual installments beginning on September 12, 2015. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents shares of performance-based restricted stock at the target level of performance, the vesting of which will occur on May 20, 2015, subject to continued employment.  As described above, the target-level of performance was achieved for the portion of this award eligible to vest on May 20, 2015. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Represents shares of performance-based restricted stock, the vesting of which is subject to continued employment and the achievement of specified performance targets.  Seventy-five percent (75%) of such shares were eligible to vest on February 27, 2015, and twenty-five percent (25%) of such shares are eligible to vest on February 27, 2016.  The number of shares reported represents the target level of performance for each tranche.  As described above, the threshold-level of performance for the tranche scheduled to vest on February 27, 2015 was not achieved; therefore, the named executive officers forfeited the following number of shares on February 27, 2015:  Messrs. Smith and Ohlendorf—18,471 shares; Messrs. Richard and Richardson—13,865 shares; and Ms. Ferge—6,903 shares. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Represents shares of performance-based restricted stock, the vesting of which is subject to continued employment and the achievement of specified performance targets.  Seventy-five percent (75%) of such shares are eligible to vest on February 27, 2016, and twenty-five percent (25%) of such shares are eligible to vest on February 27, 2017.  The number of shares reported represents the target level of performance for each tranche. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Represents shares of performance-based restricted stock, the vesting of which is subject to continued employment and the achievement of specified performance targets.  Seventy-five percent (75%) of such shares are eligible to vest on February 27, 2017, and twenty-five percent (25%) of such shares are eligible to vest on February 27, 2018.  The number of shares reported represents the target level of performance for each tranche. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Represents shares of performance-based restricted stock, the vesting of which is subject to continued employment and the achievement of specified performance targets.  Seventy-five percent (75%) of such shares are eligible to vest on May 20, 2016, and twenty-five percent (25%) of such shares are eligible to vest on May 20, 2017.  The number of shares reported represents the target level of performance for each tranche. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                |   | Stock Awards                            |
|---------------------|--------|-----------------------------------------|
| Name                |   | Number of SharesAcquired on Vesting (#) |   | Value Realized on Vesting ($)(1) |
|                |        |                                         |  |  |
| T. Andrew Smith     |   | 50,320                                  |   | 1,622,198 |
| Mark W. Ohlendorf   |   | 40,737                                  |   | 1,307,684 |
| Gregory B. Richard  |   | 33,184                                  |   | 1,064,574 |
| Bryan D. Richardson |   | 30,577                                  |   | 981,541 |
| Kristin A. Ferge    |   | 15,239                                  |   | 489,177 |

----

|  |  (1) | The value realized is based on the closing market price of the underlying stock on February 27, 2014 (Mr. Smith—20,109 shares; Mr. Ohlendorf—10,526 shares; Mr. Richard—7,901 shares; Mr. Richardson—7,901 shares; and Ms. Ferge—3,933 shares) and May 20, 2014 (Mr. Smith—30,211 shares; Mr. Ohlendorf—30,211 shares; Mr. Richard—25,283 shares; Mr. Richardson—22,676 shares; and Ms. Ferge—11,306 shares), the dates the shares vested. |
|--|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name/Benefit                                               |   | VoluntaryResignation byExecutive($) |   | Terminationby us forCause($) |   | Terminationby uswithoutCause($) |   | Termination by uswithoutCausefollowing aChange inControl($) |   | TerminationbyExecutivefor GoodReason($) |   | Disability ($) |   | Death ($) |   |
|------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------|--------|---------------------------------|--------|-------------------------------------------------------------|--------|-----------------------------------------|--------|----------------|--------|-----------|--------|
|                                                       |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| T. Andrew Smith                                            |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| Salary                                                     |   | —                             |   | —                      |   | 2,105,000                       |   | 2,526,000                                                   |   | 2,105,000                               |   | —        |   | —   |   |
| Bonus(1)                                                   |   | —                             |   | —                      |   | —                         |   | —                                                     |   | —                                 |   | —        |   | —   |   |
| PTO                                                        |   | 64,769                              |   | 64,769                       |   | 64,769                          |   | 64,769                                                      |   | 64,769                                  |   | 64,769         |   | 64,769    |   |
| COBRA                                                      |   | —                             |   | —                      |   | 15,294                          |   | 15,294                                                      |   | 15,294                                  |   | —        |   | —   |   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | —                             |   | —                      |   | 3,715,615                       |   | 10,536,171                                                  |   | 2,863,514                               |   | 3,715,615      |   | 3,715,615 |   |
| Total                                                      |   | 64,769                              |   | 64,769                       |   | 5,900,678                       |   | 13,142,234                                                  |   | 5,048,577                               |   | 3,780,384      |   | 3,780,384 |   |
|                                                       |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| Mark W. Ohlendorf                                          |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| Salary                                                     |   | —                             |   | —                      |   | 1,250,000                       |   | 1,500,000                                                   |   | 1,250,000                               |   | —        |   | —   |   |
| PTO                                                        |   | 38,462                              |   | 38,462                       |   | 38,462                          |   | 38,462                                                      |   | 38,462                                  |   | 38,462         |   | 38,462    |   |
| COBRA                                                      |   | —                             |   | —                      |   | 15,580                          |   | 15,580                                                      |   | 15,580                                  |   | —        |   | —   |   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | —                             |   | —                      |   | 1,667,412                       |   | 4,441,470                                                   |   | —                                 |   | 1,667,412      |   | 1,667,412 |   |
| Total                                                      |   | 38,462                              |   | 38,462                       |   | 2,971,454                       |   | 5,995,512                                                   |   | 1,304,042                               |   | 1,705,874      |   | 1,705,874 |   |
|                                                       |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| Gregory B. Richard                                         |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |
| Salary                                                     |   | —                             |   | —                      |   | 1,147,500                       |   | 1,377,000                                                   |   | 1,147,500                               |   | —        |   | —   |   |
| PTO                                                        |   | 35,308                              |   | 35,308                       |   | 35,308                          |   | 35,308                                                      |   | 35,308                                  |   | 35,308         |   | 35,308    |   |
| COBRA                                                      |   | —                             |   | —                      |   | 11,362                          |   | 11,362                                                      |   | 11,362                                  |   | —        |   | —   |   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | —                             |   | —                      |   | 1,599,014                       |   | 4,245,387                                                   |   | —                                 |   | 1,599,014      |   | 1,599,014 |   |
| Total                                                      |   | 35,308                              |   | 35,308                       |   | 2,793,184                       |   | 5,669,057                                                   |   | 1,194,170                               |   | 1,634,322      |   | 1,634,322 |   |
|                                                       |   |                                |   |                         |   |                            |   |                                                        |   |                                    |   |           |   |      |   |

----

| Bryan D. Richardson                                        |   |    |   |    |   |      |   |      |   |    |   |      |   |      |   |
|------------------------------------------------------------|--------|---------|--------|---------|--------|-----------|--------|-----------|--------|---------|--------|-----------|--------|-----------|--------|
| Salary                                                     |   | — |   | — |   | 920,000   |   | 1,104,000 |   | 920,000 |   | —   |   | —   |   |
| PTO                                                        |   | 28,308  |   | 28,308  |   | 28,308    |   | 28,308    |   | 28,308  |   | 28,308    |   | 28,308    |   |
| COBRA                                                      |   | — |   | — |   | 11,456    |   | 11,456    |   | 11,456  |   | —   |   | —   |   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | — |   | — |   | 1,251,657 |   | 3,334,000 |   | — |   | 1,251,657 |   | 1,251,657 |   |
| Total                                                      |   | 28,308  |   | 28,308  |   | 2,211,421 |   | 4,477,764 |   | 959,764 |   | 1,279,965 |   | 1,279,965 |   |
|                                                       |   |    |   |    |   |      |   |      |   |    |   |      |   |      |   |
| Kristin A. Ferge                                           |   |    |   |    |   |      |   |      |   |    |   |      |   |      |   |
| Salary                                                     |   | — |   | — |   | 255,000   |   | 255,000   |   | 255,000 |   | —   |   | —   |   |
| Bonus                                                      |   | — |   | — |   | 152,863   |   | 203,817   |   | 152,863 |   | —   |   | —   |   |
| PTO                                                        |   | 19,615  |   | 19,615  |   | 19,615    |   | 19,615    |   | 19,615  |   | 19,615    |   | 19,615    |   |
| COBRA                                                      |   | — |   | — |   | 15,580    |   | 15,580    |   | 15,580  |   | —   |   | —   |   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | — |   | — |   | 684,290   |   | 1,843,364 |   | — |   | 684,290   |   | 684,290   |   |
| Total                                                      |   | 19,615  |   | 19,615  |   | 1,127,348 |   | 2,337,376 |   | 443,058 |   | 703,905   |   | 703,905   |   |

| (1) | In accordance with the terms of the employment agreement with Mr. Smith, any bonus payments would have been payable in full, to the extent earned, as of December 31, 2014. Since no additional amount would become payable as a result of any termination of employment on December 31, 2014, no amount has been included in the table in respect of such bonus payments. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | A portion of the amounts listed in the applicable columns relate to the potential vesting of performance-based restricted shares following a termination of the executive's employment by us without cause (other than in connection with a change in control), as a result of the executive's death or disability and with respect to grants made to Mr. Smith in 2013 and 2014, upon his termination of employment with good reason. As described in more detail below, upon each of these events, the performance-based restricted shares eligible to vest on the next vesting date would remain outstanding until the next vesting date and would vest only if and to the extent the relevant performance targets for such tranche are achieved. The amounts in the applicable columns in respect of the potential vesting of these performance-based restricted shares consist of $2,058,388 (or $1,745,226 for termination for good reason) for Mr. Smith; $792,943 for Mr. Ohlendorf; $815,266 for Mr. Richard; $595,227 for Mr. Richardson; and $296,358 for Ms. Ferge, and (i) is based on the actual level of achievement of the applicable performance target with respect to the shares granted in 2011, as described above in "Compensation Discussion and Analysis—2011 Performance-Based Long-Term Incentive Awards," and in 2012, as described above in " Compensation Discussion and Analysis—2012 Performance-Based Long-Term Incentive Awards," and (ii) assumes that the relevant performance targets for the shares granted in 2012, 2013 and 2014 are ultimately achieved at the target level. The remainder of the applicable amounts consists of the accelerated vesting of time-based restricted shares, and in the column under the heading "Termination by us without Cause following Change in Control," additional vesting of performance-based restricted shares, each as described in more detail below. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name/Benefit                                               |   | VoluntaryResignationbyExecutive($) |   | Terminationby us forCause($) |   | Terminationby uswithoutCause($) |   | Terminationby uswithoutCause following aChange inControl($) |   | TerminationbyExecutivefor GoodReason($) |   | Disability($) |   | Death($)  |
|------------------------------------------------------------|--------|------------------------------------|--------|------------------------------|--------|---------------------------------|--------|-------------------------------------------------------------|--------|-----------------------------------------|--------|---------------|--------|-----------|
|                                                       |   |                               |   |                         |   |                            |   |                                                        |   |                                    |   |          |   |      |
| T. Andrew Smith                                            |   |                               |   |                         |   |                            |   |                                                        |   |                                    |   |          |   |      |
| Salary                                                     |   | —                            |   | —                      |   | 2,375,000                       |   | 2,850,000                                                   |   | 2,375,000                               |   | —       |   | —   |
| Pro-Rata Bonus(1)                                          |   | —                            |   | —                      |   | 367,637                         |   | 367,637                                                     |   | 367,637                                 |   | 367,637       |   | 367,637   |
| Severance Bonus                                            |   | —                            |   | —                      |   | 2,968,750                       |   | 3,562,500                                                   |   | 2,968,750                               |   | —       |   | —   |
| PTO                                                        |   | 73,077                             |   | 73,077                       |   | 73,077                          |   | 73,077                                                      |   | 73,077                                  |   | 73,077        |   | 73,077    |
| COBRA                                                      |   | —                            |   | —                      |   | 17,366                          |   | 17,366                                                      |   | 17,366                                  |   | —       |   | —   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | —                            |   | —                      |   | 7,677,904                       |   | 16,540,899                                                  |   | 6,597,895                               |   | 7,677,904     |   | 7,677,904 |
| Total                                                      |   | 73,077                             |   | 73,077                       |   | 13,479,734                      |   | 23,411,479                                                  |   | 12,399,725                              |   | 8,118,618     |   | 8,118,618 |
|                                                       |   |                               |   |                         |   |                            |   |                                                        |   |                                    |   |          |   |      |

----

| Mark W. Ohlendorf                                          |   |    |   |    |   |      |   |      |   |      |   |      |   |      |
|------------------------------------------------------------|--------|---------|--------|---------|--------|-----------|--------|-----------|--------|-----------|--------|-----------|--------|-----------|
| Salary                                                     |   | — |   | — |   | 1,350,000 |   | 1,620,000 |   | 1,350,000 |   | —   |   | —   |
| Pro-Rata Bonus(1)                                          |   | — |   | — |   | 167,178   |   | 167,178   |   | 167,178   |   | —   |   | —   |
| Severance Bonus                                            |   | — |   | — |   | 1,350,000 |   | 1,620,000 |   | 1,350,000 |   | —   |   | —   |
| PTO                                                        |   | 41,538  |   | 41,538  |   | 41,538    |   | 41,538    |   | 41,538    |   | 41,538    |   | 41,538    |
| COBRA                                                      |   | — |   | — |   | 17,689    |   | 17,689    |   | 17,689    |   | —   |   | —   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | — |   | — |   | 2,852,576 |   | 5,513,939 |   | —   |   | 2,852,576 |   | 2,852,576 |
| Total                                                      |   | 41,538  |   | 41,538  |   | 5,778,981 |   | 8,980,344 |   | 2,926,405 |   | 2,894,114 |   | 2,894,114 |
|                                                       |   |    |   |    |   |      |   |      |   |      |   |      |   |      |
| Gregory B. Richard                                         |   |    |   |    |   |      |   |      |   |      |   |      |   |      |
| Salary                                                     |   | — |   | — |   | 1,275,000 |   | 1,530,000 |   | 1,275,000 |   | —   |   | —   |
| Pro-Rata Bonus(1)                                          |   | — |   | — |   | 157,890   |   | 157,890   |   | 157,890   |   | —   |   | —   |
| Severance Bonus                                            |   | — |   | — |   | 1,275,000 |   | 1,530,000 |   | 1,275,000 |   | —   |   | —   |
| PTO                                                        |   | 39,231  |   | 39,231  |   | 39,231    |   | 39,231    |   | 39,231    |   | 39,231    |   | 39,231    |
| COBRA                                                      |   | — |   | — |   | 12,759    |   | 12,759    |   | 12,759    |   | —   |   | —   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | — |   | — |   | 2,570,349 |   | 5,170,053 |   | —   |   | 2,570,349 |   | 2,570,349 |
| Total                                                      |   | 39,231  |   | 39,231  |   | 5,330,229 |   | 8,439,933 |   | 2,759,880 |   | 2,609,580 |   | 2,609,580 |
|                                                       |   |    |   |    |   |      |   |      |   |      |   |      |   |      |
| Bryan D. Richardson                                        |   |    |   |    |   |      |   |      |   |      |   |      |   |      |
| Salary                                                     |   | — |   | — |   | 1,050,000 |   | 1,260,000 |   | 1,050,000 |   | —   |   | —   |
| Pro-Rata Bonus(1)                                          |   | — |   | — |   | 130,027   |   | 130,027   |   | 130,027   |   | —   |   | —   |
| Severance Bonus                                            |   | — |   | — |   | 1,050,000 |   | 1,260,000 |   | 1,050,000 |   | —   |   | —   |
| PTO                                                        |   | 32,308  |   | 32,308  |   | 32,308    |   | 32,308    |   | 32,308    |   | 32,308    |   | 32,308    |
| COBRA                                                      |   | — |   | — |   | 12,858    |   | 12,858    |   | 12,858    |   | —   |   | —   |
| Market Value of Accelerated Vesting of Restricted Stock(2) |   | — |   | — |   | 2,153,221 |   | 4,088,317 |   | —   |   | 2,153,221 |   | 2,153,221 |
| Total                                                      |   | 32,308  |   | 32,308  |   | 4,428,414 |   | 6,783,510 |   | 2,275,193 |   | 2,185,529 |   | 2,185,529 |
| _______________                                            |   |    |   |    |   |      |   |      |   |      |   |      |   |      |

| (1) | Represents the pro-rata amount of the executive's 2015 target annual cash incentive opportunity.  Such amount would be paid on a pro-rata basis only to the extent the performance conditions for 2015 are satisfied. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | A portion of the amounts listed in the applicable columns relate to the potential vesting of performance-based restricted shares following a termination of the executive's employment by us without cause (other than in connection with a change in control), as a result of the executive's death or disability and with respect to grants made to Mr. Smith in 2013, 2014 and 2015, upon his termination of employment with good reason. As described in more detail below, upon each of these events, the performance-based restricted shares eligible to vest on the next vesting date would remain outstanding until the next vesting date and would vest only if and to the extent the relevant performance targets for such tranche are achieved. The amounts in the applicable columns in respect of the potential vesting of these performance-based restricted shares consist of $5,057,399 (or $4,517,394 for termination for good reason) for Mr. Smith; $1,540,187 for Mr. Ohlendorf; $1,402,017 for Mr. Richard; and $1,112,855 for Mr. Richardson, and (i) is based on the actual level of achievement of the applicable performance target with respect to the shares granted in 2011, as described above in "Compensation Discussion and Analysis—2011 Performance-Based Long-Term Incentive Awards," and (ii) assumes that the relevant performance targets for the shares granted in 2012, 2013, 2014 and 2015 are ultimately achieved at the target level. The remainder of the applicable amounts consists of the accelerated vesting of time-based restricted shares, and in the column under the heading "Termination by us without Cause following Change in Control," additional vesting of performance-based restricted shares, each as described in more detail below. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | · | Each director will receive an award of immediately vested common stock with a grant date fair value of approximately $100,000 for the year just served.  Ms. Clegg and Messrs. Bumstead, Leeds, Schulte, Seward and Waxman received such award on August 6, 2014, and it is anticipated that the award will be granted in February each subsequent year.  Directors joining the Board during the year would be eligible to receive a pro-rated award to reflect a partial year's service.  In future years, directors will be given the opportunity to elect to receive restricted stock units in lieu of immediately vested common stock under which the shares would be received upon their retirement from the Board of Directors. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | The cash retainer for the chair of the Audit Committee was increased to $20,000 per year, and the cash retainer for the chairs of the Compensation Committee and Nominating and Corporate Governance Committee were increased to $15,000 per year. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The cash meeting fees for each Board and committee meeting that a director or committee member attends (whether he or she attends in person or telephonically) were increased to $3,000 per Board meeting and $2,000 per committee meeting. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The annual cash retainer for the Non-Executive Chairman of the Board was increased to $100,000 per year. |
|--------|--------|----------------------------------------------------------------------------------------------------------|

----

| Name                  |   | Fees Earned or Paid in Cash ($) |   | Stock Awards ($)(1)(2) |   | All Other Compensation ($) |      | Total ($) |
|-----------------------|--------|---------------------------------|--------|------------------------|--------|----------------------------|-----------|-----------|
| Jeffrey R. Leeds      |   | 224,400                         |   | 128,285                | (3)    | —                    |      | 352,685   |
| Frank M. Bumstead     |   | 170,083                         |   | 99,993                 | (4)    | —                    |      | 270,076   |
| Jackie M. Clegg       |   | 205,083                         |   | 120,486                | (5)    | —                    |      | 325,569   |
| Granger Cobb          |   | —                         |   | 999,999                | (6)    | 124,561                    | (7)       | 1,124,560 |
| Wesley R. Edens(8)    |   | —                         |   | —                |   | —                    |      | —   |
| Randal A. Nardone(8)  |   | —                         |   | —                |   | —                    |      | —   |
| William G. Petty, Jr. |   | 822                             |   | —                |   | —                    |      | 822       |
| Mark J. Schulte       |   | 153,000                         |   | 99,993                 | (4)    | 22,956                     | ­(9) | 275,949   |
| James R. Seward       |   | 170,083                         |   | 99,993                 | (4)    | —                    |      | 270,076   |
| W.E. Sheriff          |   | —                         |   | —                |   | 197,282                    | (10)      | 197,282   |
| Dr. Samuel Waxman(11) |   | 180,000                         |   | 99,993                 | (4)    | —                    |      | 279,993   |

| (1) | Represents the aggregate grant date fair value of awards of immediately vested stock, restricted stock units and/or restricted stock computed in accordance with ASC Topic 718. See Note 14 to our Consolidated Financial Statements included in the Original Filing for a summary of the assumptions made in the valuation of these awards. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | As of December 31, 2014, none of the directors held any unvested stock awards, except that Mr. Cobb held 28,860 shares of time-based vesting restricted stock as described in footnote 6. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Mr. Leeds elected to receive immediately vested shares in lieu of a portion of his cash compensation for 2013 and 2014.  The reported amount consists of:  329 immediately vested shares issued on January 1, 2014 for his |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (4) | Represents an award of 2,992 immediately vested shares issued on August 6, 2014 with a grant date fair value of $99,993. |
|-----|--------------------------------------------------------------------------------------------------------------------------|

| (5) | Ms. Clegg elected to receive restricted stock units in lieu of a portion of her cash compensation for 2013.  The reported amount consists of:  754 immediately vested restricted stock units issued on January 1, 2014 for her service during the fourth quarter of 2013 with a grant date fair value of $20,493; and an award of 2,992 immediately vested shares issued on August 6, 2014 with a grant date fair value of $99,993. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Represents an award of 28,860 shares of time-based vesting restricted stock granted to Mr. Cobb at the closing of our acquisition of Emeritus Corporation on July 31, 2014, pursuant to the terms of his amended and restated letter agreement.  The shares of restricted stock will vest ratably in three annual installments beginning on the first anniversary of the date of grant, subject to his continued service as a consultant on the applicable vesting date. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Represents $109,058 in consulting fees that Mr. Cobb received for 2014 pursuant to the terms of his amended and restated letter agreement and $15,504 in premiums paid by the Company for continued group health coverage for Mr. Cobb and his dependents and reimbursed by the Company for continued life and disability coverage. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Messrs. Edens and Nardone, as affiliated directors, did not receive compensation from us for service as members of the Board of Directors.  Immediately following the completion of the sale by affiliates of certain funds managed by affiliates of Fortress Investment Group LLC (the "Fortress Stockholders") of all of the shares of common stock held by them on June 2, 2014, Messrs. Edens and Nardone, each a designee of the Fortress Stockholders to our Board of Directors, resigned as directors in accordance with the letter agreement entered into by the Company and the Fortress Stockholders on February 20, 2014. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Represents the amount of premiums paid by the Company for continued group health plan coverage for Mr. Schulte and his dependents.  Mr. Schulte retired from the Board of Directors on April 23, 2015. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Represents $172,709 in consulting fees that Mr. Sheriff received for 2014 pursuant to the terms of his employment agreement, $10,012 in premiums paid by the Company for continued group health coverage for Mr. Sheriff and his dependents, and $14,560 paid by us on behalf of Mr. Sheriff (representing the value of a vacation we provided him as a gift in connection with his retirement as Chief Executive Officer).  Mr. Sheriff did not stand for re-election at the 2014 Annual Meeting of Stockholders, and his service on the Board of Directors concluded on July 7, 2014. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Dr. Waxman retired from the Board of Directors on April 23, 2015. |
|------|-------------------------------------------------------------------|

----

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|----------|-------------------------------------------------------------------------------------------------|

|                                                         |   | Nature and Amount of Beneficial Ownership |
|--------------------------------------------------------------|--------|-------------------------------------------|
| Name of Beneficial Owner                                     |   | Shares Owned(1)                           |   | Percentage |
| Executive Officers and Directors                             |   |                                      |   |   |
| T. Andrew Smith                                              |   | 711,671                                   |   | * |
| Mark W. Ohlendorf                                            |   | 441,945                                   |   | * |
| Gregory B. Richard                                           |   | 248,639                                   |   | * |
| Bryan D. Richardson                                          |   | 218,743                                   |   | * |
| Kristin A. Ferge                                             |   | 115,898                                   |   | * |
| Jeffrey R. Leeds                                             |   | 45,051                                    |   | * |
| Frank M. Bumstead                                            |   | 74,328                                    |   | * |
| Jackie M. Clegg(2)                                           |   | 16,966                                    |   | * |
| Granger Cobb(3)                                              |   | 115,948                                   |   | * |
| Mark J. Parrell                                              |   | —                                   |   | * |
| William G. Petty, Jr.(4)                                     |   | 7,130                                     |   | * |
| James R. Seward                                              |   | 51,482                                    |   | * |
| Lee S. Wielansky                                             |   | —                                   |   | * |
| All executive officers and directors as a group (17 persons) |   | 2,481,656                                 |   | 1.32% |
|                                                         |   |                                      |   |   |
| 5% Stockholders                                              |   |                                      |   |   |
| Glenview Capital Management, LLC(5)                          |   | 11,591,430                                |   | 6.16% |
| The Vanguard Group(6)                                        |   | 11,022,423                                |   | 5.86% |
| Senator Investment Group LP(7)                               |   | 10,500,000                                |   | 5.58% |
| FMR LLC(8)                                                   |   | 9,490,296                                 |   | 5.04% |
| Baron Capital Group, Inc.(9)                                 |   | 9,337,821                                 |   | 4.96% |

| * | Less than 1% |
|---|--------------|

| (1) | Consists of shares held, including all shares of restricted stock held (whether or not such restricted shares have voting restrictions). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Excludes 6,850 restricted stock units held by Ms. Clegg. |
|-----|----------------------------------------------------------|

| (3) | Includes 87,088 shares held jointly with spouse. |
|-----|--------------------------------------------------|

----

| (4) | Includes 400 shares held indirectly by a trust in which Mr. Petty's daughter is the beneficiary and 4,000 shares held by a trust in which Mr. Petty is the beneficiary. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Information regarding Glenview Capital Management, LLC ("Glenview") is based solely on a Schedule 13G filed with the SEC on March 23, 2015 by Glenview and Lawrence M. Robbins.  Glenview reported that it has shared voting power and shared dispositive power with respect to 11,591,430 shares.  The address of the principal business office of Glenview is 767 Fifth Avenue, 44th Floor, New York, New York 10153. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Information regarding The Vanguard Group ("Vanguard") is based solely on a Schedule 13G/A filed with the SEC on February 10, 2015 by Vanguard.  Vanguard reported that it has sole voting power with respect to 121,312 shares, sole dispositive power with respect to 10,915,301 shares and shared dispositive power with respect to 107,122 shares.  The address of the principal office of Vanguard is 100 Vanguard Blvd., Malvern, PA 19355. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Information regarding Senator Investment Group LP ("Senator") is based solely on a Schedule 13G/A filed with the SEC on February 13, 2015 by Senator, Alexander Klabin, and Douglas Silverman.  Senator reported that it has shared voting power and shared dispositive power with respect to 10,500,000 shares.  The address of the principal office of Senator is 510 Madison Avenue, 28th Floor, New York, NY 10022. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Information regarding FMR LLC ("FMR") is based solely on a Schedule 13G/A filed with the SEC on February 13, 2015 by FMR, on behalf of itself, FMR Co., Inc. and Pyramis Global Advisors Trust Company.  FMR reported that it has sole dispositive power with respect to 9,490,296 shares.  The address of the principal office of FMR is 245 Summer Street, Boston, Massachusetts 02210. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Information regarding Baron Capital Group, Inc. ("Baron") is based solely on a Schedule 13G filed with the SEC on February 17, 2015 by Baron, BAMCO, Inc., Baron Capital Management, Inc. and Ronald Baron.  Baron reported it has shared voting power with respect to 9,270,821 shares and shared dispositive power with respect to 9,337,821 shares.  The address of the principal office of Baron is 767 Fifth Avenue, 49th Floor, New York, NY 10153.  Baron's reported ownership exceeds 5% of our outstanding common stock, excluding outstanding unvested restricted shares. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Plan category                                                 |   | Number of securitiesto be issued uponexercise of outstandingoptions, warrants andrights(a)(1) |    | Weighted-averageexercise price ofoutstandingoptions, warrantsand rights(b) |   | Number of securitiesremaining available forfuture issuance underequity compensation plans(excluding securitiesreflected in column (a))(c)(2) |
|---------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------|---------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|
| Equity compensation plans approved by security holders        |   |                                                                                          | — |                                                                       |   | —                                                                                                                                      |   |   | 8,446,056 |
| Equity compensation plans not approved by security holders(3) |   |                                                                                          | — |                                                                       |   | —                                                                                                                                      |   |   | 83,066 |
| Total                                                         |   |                                                                                          | — |                                                                       |   | —                                                                                                                                      |   |   | 8,529,122 |

| (1) | As of December 31, 2014, an aggregate of 557,963 shares of unvested restricted stock were outstanding under our 2014 Omnibus Incentive Plan, and an aggregate of 2,994,180 shares of unvested restricted stock and 6,850 restricted stock units were outstanding under our Omnibus Stock Incentive Plan.  Such shares of restricted stock |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2) | The number of shares remaining available for future issuance under equity compensation plans approved by security holders consists of 7,127,892 shares remaining available for future issuance under our 2014 Omnibus Incentive Plan, and 1,318,164 shares remaining available for future issuance under our Associate Stock Purchase Plan. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Represents shares remaining available for future issuance under our Director Stock Purchase Plan. Under the existing compensation program for the members of our Board of Directors, each director who is neither an affiliated director nor an employee or consultant of ours has the opportunity to elect to receive either immediately vested shares or restricted stock units in lieu of up to 50% of his or her quarterly cash compensation. Any immediately vested shares that are elected to be received will be issued pursuant to the Director Stock Purchase Plan. Under the director compensation program, all cash amounts are payable quarterly in arrears, with payments to be made on April 1, July 1, October 1 and January 1.  Any immediately vested shares that a director elects to receive under the Director Stock Purchase Plan will be issued at the same time that cash payments are made. The number of shares to be issued will be based on the closing price of our common stock on the date of issuance (i.e., April 1, July 1, October 1 and January 1), or if such date is not a trading date, on the previous trading day's closing price. Fractional amounts will be paid in cash. The Board of Directors initially reserved 100,000 shares of our common stock for issuance under the Director Stock Purchase Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 13. | Certain Relationships and Related Transactions, and Director Independence. |
|----------|----------------------------------------------------------------------------|

----

----

|   | · | A director who is an employee, or whose immediate family member is an executive officer, of Brookdale (including any consolidated subsidiary), may not be considered independent until three years after the end of such employment relationship; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A director who has received, or whose immediate family member has received, during any twelve-month period within the last three years, more than $120,000 in direct compensation from Brookdale (including any consolidated subsidiary), other than director and committee fees and pension or other forms of deferred compensation for prior service (provided such compensation is not contingent in any way on continued service); |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A director who (i) is, or whose immediate family is, a current partner of a firm that is the internal or external auditor of Brookdale; (ii) is a current employee of such a firm; (iii) a director whose immediate family member is a current employee of such firm and who personally works on Brookdale's audit; or (iv) was, or whose immediate family member was, within the last three years (but is no longer) a partner or employee of such a firm and personally worked on Brookdale's audit within that time; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A director who is employed, or whose immediate family member is employed, as an executive officer of another company where any of Brookdale's present executives serve on that company's compensation committee may not be considered independent until three years after the end of such service or the employment relationship; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A director who is an executive officer or an employee, or whose immediate family member is an executive officer, of a company (or a consolidated subsidiary of such company) that makes payments to, or receives payments from, Brookdale for property or services in an amount which, in any single fiscal year, exceeds the greater of $1 million or 2% of such other company's consolidated gross revenues may not be considered an independent director until three years after falling below such threshold. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 14. | Principal Accounting Fees and Services. |
|----------|-----------------------------------------|

----

|               |   | 2014   |      |   | 2013   |   |
|--------------------|--------|--------|-----------|--------|--------|--------|
| Audit Fees         |   | $      | 2,858,500 |   |   | $      | 1,705,000 |   |
| Audit-Related Fees |   |   | 1,169,995 |   |   |   | 771,995 |   |
| Tax Fees           |   |   | 112,069   |   |   |   | 64,080 |   |
| All Other Fees     |   |   | —   |   |   |   | — |   |
| Total              |   | $      | 4,140,564 |   |   | $      | 2,541,075 |   |

| Item 15. | Exhibits and Financial Statement Schedules. |
|----------|---------------------------------------------|

|  | 1) | Our Audited Consolidated Financial Statements |
|--|----|-----------------------------------------------|

----

|  | 2) | Exhibits |
|--|----|----------|

----

----

| Exhibit No.     |   | Description                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1             |   | Agreement and Plan of Merger, dated as of February 20, 2014, by and among Brookdale Senior Living Inc. (the "Company"), Emeritus Corporation and Broadway Merger Sub Corporation (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K filed on February 21, 2014 (File No. 001-32641)).                                                                                               |
| 2.2   |   | Master Contribution and Transactions Agreement, dated as of April 23, 2014, by and between the Company and HCP, Inc. (incorporated by reference to Exhibit 2.2 to the Company's Quarterly Report on Form 10-Q filed on August 11, 2014 (File No. 001-32641)).                                                                                                                                                          |
| 3.1        |   | Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company's Annual Report on Form 10-K filed on February 26, 2010 (File No. 001-32641)).                                                                                                                                                                                                               |
| 3.2             |   | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company, dated July 30, 2014 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on August 5, 2014 (File No. 001-32641)).                                                                                                                                                             |
| 3.3             |   | Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on July 3, 2012 (File No. 001-32641)).                                                                                                                                                                                                                                          |
| 4.1             |   | Form of Certificate for common stock (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-1 (Amendment No. 3) filed on November 7, 2005 (File No. 333-127372)).                                                                                                                                                                                                                 |
| 4.2             |   | Indenture, dated as of June 14, 2011, between the Company and American Stock Transfer & Trust Company, LLC, as Trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on June 14, 2011 (File No. 001-32641)).                                                                                                                                                         |
| 4.3             |   | Supplemental Indenture, dated as of June 14, 2011, between the Company and American Stock Transfer & Trust Company, LLC, as Trustee (incorporated by reference to Exhibit 4.2 to the Company's Current Report on Form 8-K filed on June 14, 2011 (File No. 001-32641)).                                                                                                                                            |
| 4.4             |   | Form of 2.75% Convertible Senior Note due 2018 (included as part of Exhibit 4.3).                                                                                                                                                                                                                                                                                                                                      |
| 10.1.1          |   | Amended and Restated Master Lease and Security Agreement, dated as of August 29, 2014, by and between HCP, Inc. and the other lessors named therein, and Emeritus Corporation and the other lessees named therein (incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed on November 10, 2014 (File No. 001-32641)).†                                                   |
| 10.1.2          |   | First Amendment to Amended and Restated Master Lease and Security Agreement and Option Exercise Notice, dated as of December 29, 2014, by and between HCP, Inc. and the Company.† #                                                                                                                                                                                                                              |
| 10.1.3          |   | Second Amendment to Amended and Restated Master Lease and Security Agreement, dated as of January 1, 2015, by and among HCP, Inc. and the other lessors named therein, Emeritus Corporation and the other lessees named therein, and the Company as guarantor.† #                                                                                                                                                |
| 10.2.1          |   | Third Amended and Restated Credit Agreement, dated as of September 20, 2013, among certain subsidiaries of the Company, General Electric Capital Corporation, as administrative agent, lender and swingline lender, and the other lenders from time to time parties thereto (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed on November 8, 2013 (File No. 001-32641)). |
| 10.2.2          |   | Fourth Amended and Restated Credit Agreement, dated as of December 19, 2014, among certain subsidiaries of the Company, General Electric Capital Corporation, as administrative agent, lender and swingline lender, and the other lenders from time to time parties thereto (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on December 23, 2014 (File No. 001-32641)).   |
| 10.3            |   | Master Credit Facility Agreement, dated as of July 29, 2011, by and among various subsidiaries of the Company and Oak Grove Commercial Mortgage, LLC (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on August 4, 2011 (File No. 001-32641)).                                                                                                                             |
| 10.4            |   | Convertible Bond Hedge Transaction Confirmation between the Company and Bank of America, N.A., dated as of June 8, 2011 (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                                                                                                                                                       |
| 10.5            |   | Issuer Warrant Transaction Confirmation between the Company and Bank of America, N.A., dated as of June 8, 2011 (incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                                                                                                                                                               |

----

| 10.6          |   | Convertible Bond Hedge Transaction Confirmation between the Company and JPMorgan Chase Bank, National Association, dated as of June 8, 2011 (incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).             |
|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7          |   | Issuer Warrant Transaction Confirmation between the Company and JPMorgan Chase Bank, National Association, dated as of June 8, 2011 (incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                     |
| 10.8          |   | Convertible Bond Hedge Transaction Confirmation between the Company and Royal Bank of Canada, dated as of June 8, 2011 (incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                                  |
| 10.9          |   | Issuer Warrant Transaction Confirmation between the Company and Royal Bank of Canada, dated as of June 8, 2011 (incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                                          |
| 10.10         |   | Additional Convertible Bond Hedge Transaction Confirmation between the Company and Bank of America, N.A., dated as of June 15, 2011 (incorporated by reference to Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                     |
| 10.11         |   | Additional Issuer Warrant Transaction Confirmation between the Company and Bank of America, N.A., dated as of June 15, 2011 (incorporated by reference to Exhibit 10.8 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                             |
| 10.12    |   | Additional Convertible Bond Hedge Transaction Confirmation between the Company and JPMorgan Chase Bank, National Association, dated as of June 15, 2011 (incorporated by reference to Exhibit 10.9 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)). |
| 10.13         |   | Additional Issuer Warrant Transaction Confirmation between the Company and JPMorgan Chase Bank, National Association, dated as of June 15, 2011 (incorporated by reference to Exhibit 10.10 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).        |
| 10.14         |   | Additional Convertible Bond Hedge Transaction Confirmation between the Company and Royal Bank of Canada, dated as of June 15, 2011 (incorporated by reference to Exhibit 10.11 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                     |
| 10.15         |   | Additional Issuer Warrant Transaction Confirmation between the Company and Royal Bank of Canada, dated as of June 15, 2011 (incorporated by reference to Exhibit 10.12 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2011 (File No. 001-32641)).                             |
| 10.16.1       |   | Brookdale Senior Living Inc. Omnibus Stock Incentive Plan, as amended and restated effective June 23, 2009 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 23, 2009 (File No. 001-32641)) (the "Omnibus Stock Incentive Plan").*            |
| 10.16.2  |   | First Amendment to the Omnibus Stock Incentive Plan effective as of October 30, 2009 (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed on November 4, 2009 (File No. 001-32641)).*                                                                 |
| 10.17    |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (Time-Vesting Form for Executive Committee Members) (incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed on November 9, 2011 (File No. 001-32641)).*                        |
| 10.18         |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (Time-Vesting Form for Executive Vice Presidents) (incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q filed on November 9, 2011 (File No. 001-32641)).*                     |
| 10.19         |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2011 Performance-Vesting Form for Executive Committee Members) (incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed on November 9, 2011 (File No. 001-32641)).*            |
| 10.20         |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2011 Performance-Vesting Form for Executive Vice Presidents) (incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q filed on November 9, 2011 (File No. 001-32641)).*              |

----

| 10.21   |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2013 Time-Vesting Form for Executive Committee Members) (incorporated by reference to Exhibit 10.39 to the Company's Annual Report on Form 10-K filed on February 19, 2013 (File No. 001-32641)).*                                    |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.22   |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2013 Time-Vesting Form for Executive Vice Presidents) (incorporated by reference to Exhibit 10.40 to the Company's Annual Report on Form 10-K filed on February 19, 2013 (File No. 001-32641)).*                                      |
| 10.23   |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2013 Performance-Vesting Form for Executive Committee Members) (incorporated by reference to Exhibit 10.41 to the Company's Annual Report on Form 10-K filed on February 19, 2013 (File No. 001-32641)).*                             |
| 10.24   |   | Form of Restricted Share Agreement under the Omnibus Stock Incentive Plan (2013 Performance-Vesting Form for Executive Vice Presidents) (incorporated by reference to Exhibit 10.42 to the Company's Annual Report on Form 10-K filed on February 19, 2013 (File No. 001-32641)).*                               |
| 10.25   |   | Brookdale Senior Living Inc. 2014 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on July 8, 2014 (File No. 001-32641)) (the "Omnibus Incentive Plan").*                                                                                     |
| 10.26   |   | Form of Restricted Share Agreement under the Omnibus Incentive Plan (Time-Vesting Form for Executive Committee Members).* #                                                                                                                                                                                      |
| 10.27   |   | Form of Restricted Share Agreement under the Omnibus Incentive Plan (Time-Vesting Form for Executive Vice Presidents).* #                                                                                                                                                                                        |
| 10.28   |   | Form of Restricted Share Agreement under the Omnibus Incentive Plan (Performance-Vesting Form for Executive Committee Members).* #                                                                                                                                                                               |
| 10.29   |   | Form of Restricted Share Agreement under the Omnibus Incentive Plan (Performance-Vesting Form for Executive Vice Presidents).* #                                                                                                                                                                                 |
| 10.30.1 |   | Brookdale Senior Living Inc. Associate Stock Purchase Plan (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on June 11, 2008 (File No. 001-32641)) (the "Associate Stock Purchase Plan").*                                                                      |
| 10.30.2 |   | First Amendment to Associate Stock Purchase Plan, effective as of December 12, 2013 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on December 18, 2013 (File No. 001-32641)).*                                                                                    |
| 10.31   |   | Form of Severance Letter and Brookdale Senior Living Inc. Severance Pay Policy, Tier I (incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed on August 6, 2010 (File No. 001-32641)).*                                                                                 |
| 10.32   |   | Employment Agreement, dated as of February 11, 2013, by and between the Company and T. Andrew Smith (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 12, 2013 (File No. 001-32641)).*                                                                    |
| 10.33   |   | Restricted Share Agreement (Time-Vesting) under the Omnibus Stock Incentive Plan, dated as of February 11, 2013, by and between the Company and T. Andrew Smith (incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on February 12, 2013 (File No. 001-32641)).*        |
| 10.34   |   | Restricted Share Agreement (Performance-Vesting) under the Omnibus Stock Incentive Plan, dated as of February 11, 2013, by and between the Company and T. Andrew Smith (incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K filed on February 12, 2013 (File No. 001-32641)).* |
| 10.35   |   | Form of Indemnification Agreement for Directors and Officers (incorporated by reference to Exhibit 10.16 to the Company's Annual Report on Form 10-K filed on February 28, 2011 (File No. 001-32641)).*                                                                                                          |
| 10.36   |   | Summary of Brookdale Senior Living Inc. Director Stock Purchase Plan (incorporated by reference to Exhibit 99.1 to the Company's Registration Statement on Form S-8 filed on June 30, 2009 (File No. 333-160354)).*                                                                                              |
| 10.37   |   | Form of Outside Director Restricted Stock Unit Agreement (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed on August 9, 2012 (File No. 001-32641)).*                                                                                                               |

----

| 10.38   |   | Letter Agreement, dated as of May 22, 2014, by and between the Company and Granger Cobb (incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q filed on November 10, 2014 (File No. 001-32641)).*                                             |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.39   |   | Restricted Share Agreement under the Omnibus Incentive Plan, dated as of July 31, 2014, by and between the Company and Granger Cobb (incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q filed on November 10, 2014 (File No. 001-32641)).* |
| 10.40   |   | Separation Agreement and General Release, dated February 7, 2008, between the Company and Mark J. Schulte (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on February 11, 2008 (File No. 001-32641)).*                              |
| 21      |   | Subsidiaries of the Registrant.#                                                                                                                                                                                                                                                 |
| 23      |   | Consent of Ernst & Young LLP.#                                                                                                                                                                                                                                               |
| 31.1    |   | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.#                                                                                                                                                                             |
| 31.2    |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.#                                                                                                                                                                             |
| 31.3    |   | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                              |
| 31.4    |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                              |
| 32      |   | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. #                                                                                            |
| 101.INS |   | XBRL Instance Document.#                                                                                                                                                                                                                                                         |
| 101.SCH |   | XBRL Taxonomy Extension Schema Document.#                                                                                                                                                                                                                                        |
| 101.CAL |   | XBRL Taxonomy Extension Calculation Linkbase Document.#                                                                                                                                                                                                                          |
| 101.DEF |   | XBRL Taxonomy Extension Definition Linkbase Document.#                                                                                                                                                                                                                           |
| 101.LAB |   | XBRL Taxonomy Extension Label Linkbase Document.#                                                                                                                                                                                                                                |
| 101.PRE |   | XBRL Taxonomy Extension Presentation Linkbase Document.#                                                                                                                                                                                                                         |

| * | Management Contract or Compensatory Plan |
|---|------------------------------------------|

| † | Portions of this exhibit have been omitted pursuant to a request for confidential treatment, which has been granted by the SEC. |
|---------|---------------------------------------------------------------------------------------------------------------------------------|

| # | Filed with Original Filing. |
|---|-----------------------------|