HEALTHPEAK PROPERTIES, INC. — Director's Dealing 2016

Jul 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HCP, INC. (HCP)
CIK: 0000765880
Period of Report: 2016-06-30

Reporting Person: MARTIN LAURALEE (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-30	Common Stock	F	6246	$35.37	Disposed	87605	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	152126	Indirect

Footnotes

F1: Represents the amount of shares forfeited to satisfy applicable tax withholding obligations in connection with the vesting of a previously reported restricted stock award, as amended.

F2: The reporting person previously reported 245,977 shares held directly, of which 152,126 are now held indirectly in a family LLC.