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: CAMPO RICHARD J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-09	Common Shares of Beneficial Interest	M	30861	$51.37	Acquired	444784	Direct
2012-05-09	Common Shares of Beneficial Interest	M	22259	$44.00	Acquired	467043	Direct
2012-05-09	Common Shares of Beneficial Interest	M	10879	$44.00	Acquired	477922	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2412	$68.00	Disposed	475510	Direct
2012-05-09	Common Shares of Beneficial Interest	S	272	$68.01	Disposed	475238	Direct
2012-05-09	Common Shares of Beneficial Interest	S	62	$68.02	Disposed	475176	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.03	Disposed	475126	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1243	$68.04	Disposed	473883	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1245	$68.05	Disposed	472638	Direct
2012-05-09	Common Shares of Beneficial Interest	S	100	$68.06	Disposed	472538	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1064	$68.07	Disposed	471474	Direct
2012-05-09	Common Shares of Beneficial Interest	S	500	$68.08	Disposed	470974	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1800	$68.09	Disposed	469174	Direct
2012-05-09	Common Shares of Beneficial Interest	S	74	$68.11	Disposed	469100	Direct
2012-05-09	Common Shares of Beneficial Interest	S	500	$68.12	Disposed	468600	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.13	Disposed	468550	Direct
2012-05-09	Common Shares of Beneficial Interest	S	700	$68.14	Disposed	467850	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1094	$68.16	Disposed	466756	Direct
2012-05-09	Common Shares of Beneficial Interest	S	450	$68.17	Disposed	466306	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1400	$68.18	Disposed	464906	Direct
2012-05-09	Common Shares of Beneficial Interest	S	198	$68.19	Disposed	464708	Direct
2012-05-09	Common Shares of Beneficial Interest	S	982	$68.20	Disposed	463726	Direct
2012-05-09	Common Shares of Beneficial Interest	S	300	$68.21	Disposed	463426	Direct
2012-05-09	Common Shares of Beneficial Interest	S	50	$68.23	Disposed	463376	Direct
2012-05-09	Common Shares of Beneficial Interest	S	679	$68.26	Disposed	462697	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2430	$68.27	Disposed	460267	Direct
2012-05-09	Common Shares of Beneficial Interest	S	862	$68.28	Disposed	459405	Direct
2012-05-09	Common Shares of Beneficial Interest	S	1150	$68.29	Disposed	458255	Direct
2012-05-09	Common Shares of Beneficial Interest	S	2100	$68.30	Disposed	456155	Direct

Derivative Transactions

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

Footnotes

F1: Includes 1,303 shares acquired through dividend reinvestment.