CAMDEN PROPERTY TRUST — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2010-12-30

Reporting Person: PAULSEN WILLIAM F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-30	Common Shares of Beneficial Interest	C	10000	$0.00	Acquired	32768	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Limited Partnership Units in Camden Summit Partnership, LP	$	C	10000	Disposed		Common Shares (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	24405	Indirect
Common Shares of Beneficial Interest	24204	Indirect

Footnotes

F1: There is no exercise date or expiration date for these securities. Each security is redeemable for cash equal to the fair market value of common shares or, at the option of Camden Summit Partnership, L.P., one common share.