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: Jessett Alexander J. (Senior VP - Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-03	Common Shares of Beneficial Interest	A	8099	$48.02	Acquired	56672	Direct
2011-05-03	Common Shares of Beneficial Interest	S	8099	$63.18	Disposed	48573	Direct
2011-05-05	Common Shares of Beneficial Interest	A	3889	$48.02	Acquired	52462	Direct
2011-05-05	Common Shares of Beneficial Interest	S	3889	$63.00	Disposed	48573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-03	Options	$48.02	M	8099	Disposed	2018-01-30	Common Shares (8099)	Direct
2011-05-05	Options	$48.02	M	3889	Disposed	2018-01-30	Common Shares (3889)	Direct