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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20459

                                   ----------

                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



                         Date of report: March 17, 2006
                        (Date of earliest event reported)



                              LTC PROPERTIES, INC.
             (Exact name of Registrant as specified in its charter)


            Maryland                     1-11314                  71-0720518
(State or other jurisdiction of        (Commission             (I.R.S. Employer
 incorporation or organization)        file number)           Identification No)



                        31365 Oak Crest Drive, Suite 200
                           Westlake Village, CA 91361
                    (Address of principal executive offices)


                                 (805) 981-8655
              (Registrant's telephone number, including area code)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

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Item 8.01. -- Other Events

Effective  October 23, 2000, the Securities and Exchange  Commission (the "SEC")
adopted new rules related to insider trading. One of these rules, Rule 10b5-1 of
the  Securities  Exchange Act of 1934, as amended (the "1934 Act"),  provides an
exemption to the insider  trading rules in the form of an  affirmative  defense.
Rule 10b5-1  recognizes the creation of formal  programs under which  executives
and other  insiders may sell the  securities of publicly  traded  companies on a
regular basis pursuant to written plans that are entered into at a time when the
plan  participants  are not aware of material  non-public  information  and that
otherwise comply with the requirements of Rule 10b5-1.

On March 17, 2006, Andre  Dimitriadis,  Chairman and Chief Executive  Officer of
the Company,  entered into a Rule 10b5-1 Sales Plan with a  broker-dealer  firm.
Under the Sales Plan,  the  broker-dealer  is  authorized  to sell up to 200,000
shares of the  Company's  common  stock  pursuant to the terms of the Sales Plan
over a period  commencing on April 5, 2006 and extending through August 17, 2006
or all such  shares  are sold,  unless  the  Sales  Plan is  terminated  earlier
pursuant to its terms.  Under the Sales Plan,  no more than 10,000 shares may be
sold in any one week.

Reports  of the  details  of  actual  sales  under the plan will be filed by Mr.
Dimitriadis on Form 4 in accordance with SEC regulations.




                                    SIGNATURE


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                           LTC PROPERTIES, INC.



Dated: March 20, 2006                      By: /s/ WENDY L. SIMPSON
                                               ---------------------------------
                                               Wendy L. Simpson
                                               President, COO, CFO and Treasurer