CAMDEN PROPERTY TRUST — Director's Dealing 2011

Oct 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2011-10-10

Reporting Person: PARKER F GARDNER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-10	Common Shares of Beneficial Interest	M	6600	$10.5125	Acquired	24690	Direct
2011-10-10	Common Shares of Beneficial Interest	S	6600	$56.00	Disposed	18090	Direct
2011-10-12	Common Shares of Beneficial Interest	M	71	$10.5125	Acquired	18161	Direct
2011-10-12	Common Shares of Beneficial Interest	S	71	$56.24	Disposed	18090	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-10	Deferred RT Shares	$10.5125	M	6600	Disposed		Common Shares (6600)	Direct
2011-10-12	Deferred RT Shares	$10.5125	M	71	Disposed		Common Shares (71)	Direct

Footnotes

F1: Granted by the committee appointed in accordance with the provisions of the Company's Rabbi Trust, options represent the right to purchase shares at a price equal to 25% of the market value of the shares at date of grant. Options vested in five equal installments between 1998 and 2004 and expire 30 years from the date of vesting.