4: Statement of changes in beneficial ownership of securities
Published on June 10, 2002
                                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                     FORM 4
                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    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(f) of the Investment Company Act of 1940
[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).
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1.   Name and Address of Reporting Person*
    Erickson                         Thomas              W.
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   (Last)                           (First)             (Middle)
    4200 Texas Commerce Tower West, 2200 Ross Avenue
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                                    (Street)
    Dallas                           TX                   75201
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   (City)                           (State)              (Zip)
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2.   Issuer Name and Ticker or Trading Symbol
     Omega Healthcare Investors, Inc. (NYSE: OHI)
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4.   Statement for Month/Year
     May 2002
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5.   If Amendment, Date of Original (Month/Year)
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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)
     [X]  Director                             [_]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)
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7.   Individual or Joint/Group Filing (Check applicable line)
     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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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).
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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Explanation of Responses:
* Grant of stock for payment of Director fees
/S/ THOMAS H. Peterson June 10, 2002
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**Attorney-In-Fact Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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