LTC PROPERTIES INC — Director's Dealing 2005

Dec 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2005-12-07

Reporting Person: DIMITRIADIS ANDRE C (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-07	Common Stock	A	30000	$21.69	Acquired	1350797	Direct

Footnotes

F1: Restricted stock grant. Shares vest equally over four years based on the reporting person's continued employment at each vesting date.

F2: Includes shares previously owned indirectly through LTC Properties' 401k Plan.