LTC PROPERTIES INC — Director's Dealing 2010

Dec 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2010-12-14

Reporting Person: Malin Clint B (SVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-14	Common Stock	A	30300	$26.59	Acquired	52574	Direct
2010-12-15	Common Stock	S	1900	$27.08	Disposed	50674	Direct
2010-12-15	Common Stock	S	100	$27.10	Disposed	50574	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$15.13	2014-05-10	Common Stock (10000)	10000	Direct
Stock Options	$23.79	2015-05-15	Common Stock (10000)	20000	Direct
Stock Options	$23.79	2016-05-15	Common Stock (10000)	30000	Direct
Stock Options	$23.79	2007-05-15	Common Stock (10000)	40000	Direct

Footnotes

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