LTC PROPERTIES INC — Director's Dealing 2010

Mar 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2010-03-01

Reporting Person: LYEW PETER G (VP, Director of Taxes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-01	Common Stock	A	377	$26.53	Acquired	7377	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1135	Indirect
Series F Preferred Stock	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$23.79	2016-05-15	Common Stock (7500)	7500	Direct
Stock Options	$23.79	2017-05-15	Common Stock (7500)	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 employment at each vesting date.