CAMDEN PROPERTY TRUST — Director's Dealing 2012

May 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2012-05-07

Reporting Person: Hefner Stephen R. (SVP - Construction)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-07	Common Shares of Beneficial Interest	M	2813	$10.5125	Acquired	38912	Direct
2012-05-07	Common Shares of Beneficial Interest	S	2813	$68.48	Disposed	36099	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-07	Deferred RT Shares	$10.5125	M	2813	Disposed	2031-02-15	Common Shares (2813)	Direct