SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BRAUN RAYMOND W (Last) (First) (Middle) ONE SEAGATE SUITE 1500 (Street) TOLEDO OH 43604 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HEALTH CARE REIT INC /DE/ [ HCN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President
	3. Date of Earliest Transaction (Month/Day/Year) 04/01/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2008		M		8,028	A	$36.5	119,542	D
Common Stock	04/01/2008		S(1)		8,028	D	$46.5077	111,514	D
Common Stock								10,000	I	Custodian(2)
Common Stock								10,008	I	Custodian(3)
Common Stock								37,698	I	Revocable Trust(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$36.5	04/01/2008		M			4,014	01/15/2007(5)	01/23/2016	Common	20,069(5)	$0.00(6)	16,055	D
Option (Right to Buy)	$36.5	04/01/2008		M			4,014	01/15/2008(5)	01/23/2016	Common	16,055(5)	$0.00(6)	12,041	D

Explanation of Responses:

1. The shares covered by this Form 4 have been sold pursuant to a Rule 10b5-1 Sales Plan dated March 12, 2007 and as modified effective November 14, 2007.

2. Custodian for Raymond W. Braun, Jr. under the OH Unif Gift to Minors Act

3. Custodian for Hillary J. Braun under the OH Unif Gift to Minors Act

4. Theresa P. Braun Revocable Trust

5. Options for the purchase of 20,069 shares of common stock at $36.50 per share were granted to Mr. Braun on January 23, 2006, which grant has previously been reported. Options for the purchase of 4,014 shares vested on January 15 of each 2007 and 2008, options for the purchase of 4,014 shares will vest on January 15 of each 2009 and 2010 and options for the purchase of 4,013 shares will vest on January 15, 2011.

6. The options were granted under the Health Care REIT, Inc. 2005 Long-Term Incentive Plan and had no acquisition price.

Remarks:

	By: Erin C. Ibele Attorney-in-Fact For: Raymond W. Braun	04/03/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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