Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  FARRAR FREDERICK L
2. Date of Event Requiring Statement (Month/Day/Year)
12/20/2006
3. Issuer Name and Ticker or Trading Symbol
HEALTH CARE REIT INC /DE/ [HCN]
(Last)
(First)
(Middle)
ONE SEAGATE, SUITE 1500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

TOLEDO, OH 43604
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 23,336 (1)
D
 
Common Stock 12,195 (2)
D
 
Total Common Stock 35,531
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option (Right to Buy) 12/20/2006 08/15/2012 Common Stock 9,679 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 08/04/2013 Common Stock 4,509 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 08/04/2013 Common Stock 9,018 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 07/26/2014 Common Stock 5,245 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 07/26/2014 Common Stock 9,018 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 07/26/2014 Common Stock 165 (3) $ 26.61 D  
Option (Right to Buy) 12/20/2006 07/25/2015 Common Stock 3,607 (3) $ 33.51 D  
Option (Right to Buy) 12/20/2006 07/25/2015 Common Stock 4,509 (3) $ 33.51 D  
Option (Right to Buy) 12/20/2006 12/19/2015 Common Stock 21,643 (3) $ 32.8 D  
Option (Right to Buy) 12/20/2006 07/31/2016 Common Stock 2,705 (3) $ 32.6 D  
Option (Right to Buy) 12/20/2006 07/31/2016 Common Stock 8,116 (3) $ 32.6 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FARRAR FREDERICK L
ONE SEAGATE, SUITE 1500
TOLEDO, OH 43604
      Executive Vice President  

Signatures

By: Erin C. Ibele Attorney-in-Fact For: Frederick L. Farrar 12/29/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) The shares are being issued pursuant to an Agreement and Plan of Merger by and among Health Care REIT, Inc., Heat Merger Sub, LLC ("Merger Sub"), Heat OP Merger Sub, L.P. ("OP Merger Sub"), Windrose Medical Properties Trust ("Windrose"), and Windrose Medical Properties, L.P. ("Windrose OP") dated as of September 12, 2006 and amended as of October 12, 2006 (the "Merger Agreement") pursuant to which, effective December 20, 2006, Windrose merged with and into Merger Sub and OP Merger Sub merged with and into Windrose OP (collectively, the "Mergers"). The shares are being issued to reflect the conversion in the Mergers of the common shares of beneficial interest of Windrose and the partnership interests of Windrose OP owned by Mr. Farrar prior to the effective time of the Mergers.
(2) Mr. Farrar has the contractual right to receive these shares on January 2, 2007 for no cash consideration as a retention bonus pursuant to a consulting agreement with Health Care REIT, Inc. dated September 12, 2006, which rights vested on December 19, 2006.
(3) The options are being granted pursuant to the Merger Agreement in exchange for certain options for shares of beneficial interest of Windrose held by Mr. Farrar prior to the effective time of the Mergers.

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