CAMDEN PROPERTY TRUST - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2011-02-23

Reporting Person: Scharringhausen Cynthia B. (SVP - Human Resources)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Shares of Beneficial Interest	M	8673	$34.59	Acquired	45167	Direct
2011-02-23	Common Shares of Beneficial Interest	M	2167	$31.48	Acquired	47334	Direct
2011-02-23	Common Shares of Beneficial Interest	M	1740	$42.90	Acquired	49074	Direct
2011-02-23	Common Shares of Beneficial Interest	M	4995	$48.02	Acquired	54069	Direct
2011-02-23	Common Shares of Beneficial Interest	M	7842	$30.06	Acquired	61911	Direct
2011-02-23	Common Shares of Beneficial Interest	F	16201	$56.69	Disposed	45710	Direct
2011-02-23	Common Shares of Beneficial Interest	A	576	$0.00	Acquired	46286	Direct
2011-02-23	Common Shares of Beneficial Interest	A	2419	$0.00	Acquired	48705	Direct
2011-02-23	Common Shares of Beneficial Interest	A	5212	$0.00	Acquired	53917	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Options	$48.02	M	4995	Disposed	2018-01-30	Common Shares (4995)	Direct
2011-02-23	Options	$42.90	M	1740	Disposed	2014-01-29	Common Shares (1740)	Direct
2011-02-23	Options	$31.48	M	2167	Disposed	2013-02-15	Common Shares (2167)	Direct
2011-02-23	Options	$34.59	M	8673	Disposed	2012-02-15	Common Shares (8673)	Direct
2011-02-23	Options	$30.06	M	7842	Disposed	2019-01-28	Common Shares (7842)	Direct

F1: The shares vest 10% on each of February 23, 2012 and 2013 and 80% on February 23, 2014.

F2: The shares vest 10% on each of February 23, 2012, 2013, 2014 and 2015 and 60% on February 23, 2016.

F3: The shares vest 20% per year on each of February 23, 2012, 2013, 2014, 2015 and 2016.