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: TRICHE TIMOTHY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-15	Common Stock	A	1000	$18.34	Acquired	24329	Direct
2009-05-19	Common Stock	S	2583	$18.96	Disposed	21746	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6214	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$4.06	2013-04-23	Common Stock (2000)	2000	Direct
Stock Options	$5.17	2013-10-03	Common Stock (3000)	5000	Direct
Stock Options	$23.79	2015-05-15	Common Stock (3333)	8333	Direct
Stock Options	$23.79	2016-05-15	Common Stock (3333)	11666	Direct
Stock Options	$23.79	2017-05-15	Common Stock (3334)	15000	Direct

Footnotes

F1: Company contribution/reinvestment of dividend held on shares held in deferred compensation trust. Individuals have no voting rights over such shares.

F2: 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.