CAMDEN PROPERTY TRUST — Director's Dealing 2014

Jan 9, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2014-01-07

Reporting Person: STEWART H MALCOLM (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-07	Common Shares of Beneficial Interest	M	4215	$10.5125	Acquired	281471	Direct
2014-01-07	Common Shares of Beneficial Interest	M	8053	$10.975	Acquired	289524	Direct
2014-01-07	Common Shares of Beneficial Interest	M	961	$11.38	Acquired	290485	Direct
2014-01-07	Common Shares of Beneficial Interest	M	1603	$10.725	Acquired	292088	Direct
2014-01-07	Common Shares of Beneficial Interest	S	29135	$59.065	Disposed	262953	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-07	Deferred RT Shares	$	M	4215	Disposed		Common Shares (4215)	Direct
2014-01-07	Deferred RT Shares	$	M	8053	Disposed		Common Shares (8053)	Direct
2014-01-07	Deferred RT Shares	$	M	1603	Disposed		Common Shares (1603)	Direct
2014-01-07	Deferred RT Shares	$	M	961	Disposed		Common Shares (961)	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: Options to repurchase vest in up to five equal installments and expire thirty years from date of grant. Includes 14,832 options that vested on February 15, 2007.