CAMDEN PROPERTY TRUST — Director's Dealing 2013

May 15, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2013-05-14

Reporting Person: Callahan Kimberly (SVP - Investor Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-14	Common Shares of Beneficial Interest	M	6966	$48.02	Acquired	34502	Direct
2013-05-14	Common Shares of Beneficial Interest	S	6966	$74.10	Disposed	27536	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-14	Options	$48.02	M	6966	Disposed	2018-01-30	Common Shares (6966)	Direct

Footnotes

F1: Excludes 1,240 shares erroneously included in the reporting person's previous filing dated February 27, 2013.