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LTC PROPERTIES INC Director's Dealing 2010

Mar 2, 2010

31826_dirs_2010-03-02_b358cc85-e3c7-4876-a498-2c5f93aa2fe8.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: LTC PROPERTIES INC (LTC)
CIK: 0000887905
Period of Report: 2009-12-31

Reporting Person: NATIONAL HEALTH INVESTORS INC (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-11-17 Common Stock S 31732 $26.05 Disposed 743068 Direct
2009-11-23 Common Stock S 12529 $26.02 Disposed 730539 Direct
2009-11-24 Common Stock S 3737 $26.00 Disposed 726802 Direct
2009-11-25 Common Stock S 4808 $26.04 Disposed 721994 Direct
2009-12-01 Common Stock S 47194 $26.03 Disposed 674800 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
8.5% Series C Cumulative Preferred Stock $19.25 Common Stock (2000000) 2000000 Direct

Footnotes

F1: This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $26.00 and $26.18. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

F2: This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $26.00 and $26.06. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

F3: This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $26.01 and $26.15. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

F4: This price represents the weighted average sale price of multiple transactions on the reported date at prices that ranged between $26.00 and $26.09. Detailed information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.

F5: This Preferred Stock is convertible at any time, at the holder's election, and has no expiration date.