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LTC PROPERTIES INC Director's Dealing 2004

Mar 31, 2004

31826_dirs_2004-03-31_841e9adc-0f3a-46b4-b382-e61029e0346f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2004-03-29

Reporting Person: DUNN DAVID J (10% Owner)
Reporting Person: DUNN FAMILY TRUST (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-03-29 Common S 750.0000 $17.8340 Disposed 1242750.0000 Indirect
2004-03-29 Common S 750.0000 $17.8340 Disposed 1071550.0000 Indirect
2004-03-30 Common S 4250.0000 $17.8500 Disposed 1238500.0000 Indirect
2004-03-30 Common S 450.0000 $17.9000 Disposed 1238050.0000 Indirect
2004-03-30 Common S 4250.0000 $17.8500 Disposed 1067300.0000 Indirect
2004-03-30 Common S 450.0000 $17.9000 Disposed 1066850.0000 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Series B Cumulative Preferred 50000.0000 Indirect
Common 50000.0000 Direct
Common 118000.0000 Indirect
Common 68600.0000 Indirect

Footnotes

F1: Pursuant to General Instruction 4(b)(iv) of Form 4, the undersigned, David J. Dunn as Trustee of the Trust which is a general partner of Idanta Partners, Ltd. ("Idanta") is reporting the entire amount of Idanta's holdings of securities of the Company. The undersigned disclaims beneficial ownership of all but his proportionate interest in such securities.

F2: These securities are owned solely by the Dunn Family Trust, David J. Dunn, Trustee.

F3: These shares represent the total shares held jointly by David J. Dunn and his spouse. Mr. Dunn disclaims beneficial ownership of his spouse's one-half interest in these securities.

F4: Pursuant to General Instruction 4(b)(iv) of Form 4, the undersigned, David J. Dunn, is a participant in the Idanta Partners Ltd. Retirement Plan, and is reporting the entire amount of the Retirement Plans's holdings of securities of the Company. The undersigned disclaims beneficial ownership of all but his proportionate interest in such securities.

F5: Pursuant to General Instruction 4(b)(iv) of Form 4, the undersigned, David J. Dunn is a limited partner of the Steven Dunn Family Partners Limited Partnership whose holdings of the Company are being reported here in their entirety. The undersigned disclaims beneficial ownership of all but his proportionate interest in such securities.