LTC PROPERTIES INC — Director's Dealing 2009

May 20, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2009-05-15

Reporting Person: Hendrickson Boyd W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-15	Common Stock	A	1000	$18.34	Acquired	16000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	550	Indirect
Series F Preferred Stock	300	Indirect
Series F Preferred Stock	4000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$19.62	2013-02-02	Common Stock (5000)	5000	Direct
Stock Options	$19.62	2014-02-02	Common Stock (5000)	10000	Direct
Stock Options	$19.62	2015-02-02	Common Stock (5000)	15000	Direct
Stock Options	$23.79	2015-05-15	Common Stock (3333)	18333	Direct
Stock Options	$23.79	2016-05-15	Common Stock (3333)	21666	Direct
Stock Options	$23.79	2017-05-15	Common Stock (3334)	25000	Direct

Footnotes

F1: Restricted stock grant. Shares vest equally over three years based on the reporting person's continued service as a Board Member of LTC at each vesting date.