CAMDEN PROPERTY TRUST — Director's Dealing 2013

Jan 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2013-01-03

Reporting Person: STEWART H MALCOLM (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-03	Common Shares of Beneficial Interest	M	9618	$0.00	Acquired	285112	Direct
2013-01-03	Common Shares of Beneficial Interest	S	20185	$68.56	Disposed	264927	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-03	Deferred RT Shares	$	M	9618	Disposed		Common Shares (9618)	Direct

Footnotes

F1: Granted by the committee appointed in accordance with the provisions of the Company's Rabbi Trust, options represent the right to purchase shares at a price equal to 25% of the market value of the shares at date of grant.

F2: The reporting person's shares are held by the issuer's executive deferred compensation plan for the benefit of the reporting person who, in prior years, elected to receive payment in 2013, pursuant to Internal Revenue Code Section 409A.

F3: Options to repurchase vest in up to five equal installments and expire thirty years from date of grant. Includes 9,618 options that vested on February 15, 2006.