CAMDEN PROPERTY TRUST — Director's Dealing 2011

May 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2011-05-06

Reporting Person: Gallagher Michael P (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-06	Common Shares of Beneficial Interest	A	3196	$48.02	Acquired	18387	Direct
2011-05-06	Common Shares of Beneficial Interest	S	3196	$62.898	Disposed	15191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-06	Options	$48.02	M	3196	Disposed	2018-01-30	Common Shares (3196)	Direct