CAMDEN PROPERTY TRUST — Director's Dealing 2011

May 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2011-05-03

Reporting Person: STEEN DENNIS (Senior VP, Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-03	Common Shares of Beneficial Interest	A	29166	$48.02	Acquired	122158	Direct
2011-05-03	Common Shares of Beneficial Interest	A	5000	$42.90	Acquired	127158	Direct
2011-05-03	Common Shares of Beneficial Interest	S	34166	$62.44	Disposed	92992	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-03	Options	$42.90	M	5000	Disposed	2014-01-29	Common Shares (5000)	Direct
2011-05-03	Options	$48.02	M	29166	Disposed	2018-01-30	Common Shares (29166)	Direct