Sec Form 13G Filing - DUNN FAMILY TRUST filing for LTC PROPERTIES INC (LTC) - 2008-02-07

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934
                                (Amendment No. 9)

                              LTC PROPERTIES, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          COMMON STOCK, $.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title and Class of Securities)


                                    502175102
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                                DECEMBER 31, 2007
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  [ ]      Rule 13d-1(b)
                  [X]      Rule 13d-1(c)
                  [ ]      Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                Page 1 of 5 Pages




CUSIP NO. 502175102                  13G/A                     Page 2 of 5 Pages

- --------------------------------------------------------------------------------
1        NAMES OF REPORTING PERSONS

         DUNN FAMILY TRUST, DAVID J. DUNN, TRUSTEE
- --------------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                 (a)  [ ]
                                                                 (b)  [ ]
- --------------------------------------------------------------------------------
3        SEC USE ONLY

- --------------------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
NUMBER OF                  5        SOLE VOTING POWER
SHARES                              1,113,700
                           -----------------------------------------------------
BENEFICIALLY               6        SHARED VOTING POWER
OWNED BY                            -0-
                           -----------------------------------------------------
EACH                       7        SOLE DISPOSITIVE POWER
REPORTING                           1,113,700
                           -----------------------------------------------------
PERSON                     8        SHARED DISPOSITIVE POWER
WITH                                -0-
- --------------------------------------------------------------------------------
9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                    1,113,700
- --------------------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         (See Instructions)

- --------------------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                                    4.9% (1)
- --------------------------------------------------------------------------------
12       TYPE OF REPORTING PERSON (See Instructions)
                        OO (GRANTOR TRUST FOR INDIVIDUAL)
- --------------------------------------------------------------------------------

__________________
(1)      Based on 22,932,130 shares of the Stock outstanding, as reflected in
         the Issuer's Quarterly Report on Form 10-Q for the period ended
         September 30, 2007.





CUSIP NO. 502175102                  13G/A                     Page 3 of 5 Pages


- --------------------------------------------------------------------------------
1        NAMES OF REPORTING PERSONS

         DAVID J. DUNN
- --------------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                (a)  [ ]
                                                                (b)  [ ]
- --------------------------------------------------------------------------------
3        SEC USE ONLY

- --------------------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION

         UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
NUMBER OF                  5        SOLE VOTING POWER
SHARES                              1,113,700
                           -----------------------------------------------------
BENEFICIALLY               6        SHARED VOTING POWER
OWNED BY                              138,000
                           -----------------------------------------------------
EACH                       7        SOLE DISPOSITIVE POWER
REPORTING                           1,113,700
                           -----------------------------------------------------
PERSON                     8        SHARED DISPOSITIVE POWER
WITH                                  138,000
- --------------------------------------------------------------------------------
9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                    1,251,700
- --------------------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         (See Instructions)
- --------------------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                                    5.5% (1)
- --------------------------------------------------------------------------------
12       TYPE OF REPORTING PERSON (See Instructions)
                                       IN
- --------------------------------------------------------------------------------
_________________
(1)      Based on 22,932,130 shares of the Stock outstanding, as reflected in
         the Issuer's Quarterly Report on Form 10-Q for the period ended
         September 30, 2007.





CUSIP NO. 502175102                  13G/A                     Page 4 of 5 Pages


Pursuant to Rule 13d-2(b) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned hereby amend their Schedule 13G Statement dated July 27, 2000
(the "Schedule 13G"), relating to the Common Stock, $.01 par value per share
(the "Stock"), of LTC Properties, Inc. (the "Issuer"), as previously amended by:

           Amendment No. 1 thereto dated February 9, 2001,
           Amendment No. 2 thereto dated September 7, 2001,
           Amendment No. 3 thereto dated October 24, 2001,
           Amendment No. 4 thereto dated February 13, 2002,
           Amendment No. 5 thereto dated February 4, 2004,
           Amendment No. 6 thereto dated November 29, 2004,
           Amendment No. 7 thereto dated February 6, 2006, and
           Amendment No. 8 thereto dated January 29, 2007.


Unless otherwise indicated, all defined terms used herein shall have the same
meanings as those set forth in the Schedule 13G.


Item 4 as reported in the Schedule 13G is hereby amended and restated to read as
follows:

ITEM 4.    OWNERSHIP.
           ----------

       DFT:   (a) Because of its position as general partner of Idanta Partners
              Ltd. ("IPL"), which owns 518,450 shares of the Stock, DFT may,
              pursuant to Rule 13d-3 of the Act, be deemed to be beneficial
              owner of these 518,450 shares, in addition to the 595,250 it
              directly owns; which totals 1,113,700 shares,

              (b) which constitutes in the aggregate approximately 4.9% of the
              assumed 22,932,130 outstanding shares of the Stock.

              (c) In its capacity as a general partner of IPL and due to the
              shares it directly owns, DFT has the sole power to vote or to
              direct the vote and to dispose or to direct the disposition of
              1,113,700 shares of the Stock. DFT does not share this power to
              vote or to direct the vote and to dispose or to direct the
              disposition of the Stock.




CUSIP NO. 502175102                  13G/A                     Page 5 of 5 Pages


       DJD:   (a) DJD may pursuant to Rule 13d-3 of the Act, be deemed to be the
              beneficial owner of 1,251,700 shares of the Stock because:

                  DJD is the trustee of DFT, which owns 595,250 shares of the
                  Stock and which is a general partner of IPL, which owns
                  518,450 shares of the Stock,

                  DJD is a limited partner in the Steven Dunn Family Partners
                  Limited Partnership, which owns 68,600 shares of the Stock,

                  DJD is a trustee of and a participant in the Idanta Partners
                  Ltd. Retirement Plan, which owns 19,400 shares of the Stock,
                  and

                  DJD owns 50,000 shares of the Stock jointly with his spouse.

              (b) The 1,251,700 shares that DJD may be beneficially deemed to
              own, constitutes in the aggregate approximately 5.5% of the
              assumed 22,932,130 outstanding shares of the Stock.

              (c) In his capacity as trustee of DFT, which is also a general
              partner of IPL, DJD has the sole power to vote or to direct the
              vote and to dispose or to direct the disposition of 1,113,700
              shares of the Stock. DJD may be deemed to share the power to vote
              or to direct the vote and to dispose or to direct the disposition
              of 68,600 shares of the Stock held by SDFP, 19,400 shares of the
              Stock held by RET, and 50,000 shares of the Stock held jointly
              with his spouse. DJD owns no shares of the Stock individually.


ITEM 10.   CERTIFICATION.
           -------------

By signing below, each of the Reporting Persons certifies that, to the best of
his knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.

                                   SIGNATURE:

After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

DATED: February 7, 2008



/s/ David J. Dunn
- ---------------------------------------------------------------
David J. Dunn, individually and as Trustee of Dunn Family Trust