LTC Properties Inc. Chairman, CEO and President Wendy Simpson entered into a prearranged trading plan in line with Rule 10b5-1 under the Securities Exchange Act of 1934.
Under the plan, a broker-dealer is authorized to sell up to 44,706 common shares of the healthcare real estate investment trust owned by Simpson over a period from Aug. 26 through Oct. 7, or until all such shares are sold, unless the plan is terminated earlier under its terms.
If all shares covered by the plan are sold, Simpson’s ownership of common stock of the company still will significantly exceed the level required under LTC's stock ownership guidelines.
