CAMDEN PROPERTY TRUST — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2012-02-16

Reporting Person: STEWART H MALCOLM (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common Shares of Beneficial Interest	M	12062	$48.02	Acquired	262050	Direct
2012-02-16	Common Shares of Beneficial Interest	M	20478	$30.06	Acquired	282528	Direct
2012-02-16	Common Shares of Beneficial Interest	F	18920	$63.15	Disposed	263608	Direct
2012-02-16	Common Shares of Beneficial Interest	A	851	$0.00	Acquired	264459	Direct
2012-02-16	Common Shares of Beneficial Interest	A	3575	$0.00	Acquired	268034	Direct
2012-02-16	Common Shares of Beneficial Interest	A	5858	$0.00	Acquired	273892	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Options	$48.02	M	12062	Disposed	2018-01-30	Common Shares (12062)	Direct
2012-02-16	Options	$30.06	M	20478	Disposed	2019-01-28	Common Shares (20478)	Direct

Footnotes

F1: The shares vest 10% on each of February 16, 2013 and 2014 and 80% on February 16, 2015.

F2: The shares vest 10% on each of February 16, 2013, 2014, 2015 and 2016 and 60% on February 16, 2017.

F3: The shares vest in five equal installments on February 16, 2013, 2014, 2015, 2016 and 2017.