CAMDEN PROPERTY TRUST — Director's Dealing 2012

May 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2012-05-09

Reporting Person: ODEN D KEITH (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-09	Common Shares of Beneficial Interest	M	10879	$44.00	Acquired	437234	Direct
2012-05-09	Common Shares of Beneficial Interest	M	22259	$44.00	Acquired	459493	Direct
2012-05-09	Common Shares of Beneficial Interest	M	30861	$51.37	Acquired	490354	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2412	$68.00	Disposed	487942	Direct
2012-05-09	Common Shares of Beneficial Interest	S	273	$68.01	Disposed	487669	Direct
2012-05-09	Common Shares of Beneficial Interest	S	62	$68.02	Disposed	487607	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.03	Disposed	487557	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1243	$68.04	Disposed	486314	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1245	$68.05	Disposed	485069	Direct
2012-05-09	Common Shares of Beneficial Interest	S	100	$68.06	Disposed	484969	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1063	$68.07	Disposed	483906	Direct
2012-05-09	Common Shares of Beneficial Interest	S	500	$68.08	Disposed	483406	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1800	$68.09	Disposed	481606	Direct
2012-05-09	Common Shares of Beneficial Interest	S	74	$68.11	Disposed	481532	Direct
2012-05-09	Common Shares of Beneficial Interest	S	500	$68.12	Disposed	481032	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.13	Disposed	480982	Direct
2012-05-09	Common Shares of Beneficial Interest	S	700	$68.14	Disposed	480282	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1095	$68.16	Disposed	479187	Direct
2012-05-09	Common Shares of Beneficial Interest	S	450	$68.17	Disposed	478737	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1400	$68.18	Disposed	477337	Direct
2012-05-09	Common Shares of Beneficial Interest	S	198	$68.19	Disposed	477139	Direct
2012-05-09	Common Shares of Beneficial Interest	S	982	$68.20	Disposed	476157	Direct
2012-05-09	Common Shares of Beneficial Interest	S	300	$68.21	Disposed	475857	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.23	Disposed	475807	Direct
2012-05-09	Common Shares of Beneficial Interest	S	679	$68.26	Disposed	475128	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2430	$68.27	Disposed	472698	Direct
2012-05-09	Common Shares of Beneficial Interest	S	861	$68.28	Disposed	471837	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1150	$68.29	Disposed	470687	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2100	$68.30	Disposed	468587	Direct
2012-05-09	Common Shares of Beneficial Interest	S	600	$68.31	Disposed	467987	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-09	Options	$44.00	M	22259	Disposed	2013-02-05	Common Shares (22259)	Direct
2012-05-09	Options	$44.00	M	10879	Disposed	2013-02-05	Common Shares (10879)	Direct
2012-05-09	Options	$51.37	M	30861	Disposed	2013-02-05	Common Shares (30861)	Direct

Footnotes

F1: Excludes 2,850 shares owned by the reporting person's daughter in which the reporting person no longer has a reportable interest and includes 6,963 shares acquired through dividend reinvestment