CAMDEN PROPERTY TRUST — Director's Dealing 2015

Jan 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2015-01-05

Reporting Person: STEWART H MALCOLM (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-05	Common Shares of Beneficial Interest	M	777	$10.5125	Acquired	276024	Direct
2015-01-05	Common Shares of Beneficial Interest	M	280	$10.975	Acquired	276304	Direct
2015-01-05	Common Shares of Beneficial Interest	M	933	$10.725	Acquired	277237	Direct
2015-01-05	Common Shares of Beneficial Interest	M	961	$11.38	Acquired	278198	Direct
2015-01-05	Common Shares of Beneficial Interest	S	9628	$75.07	Disposed	268570	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-05	Deferred RT Shares	$10.5125	M	777	Disposed		Common Shares (777)	Direct
2015-01-05	Deferred RT Shares	$10.975	M	280	Disposed		Common Shares (280)	Direct
2015-01-05	Deferred RT Shares	$10.725	M	933	Disposed		Common Shares (933)	Direct
2015-01-05	Deferred RT Shares	$11.38	M	961	Disposed		Common Shares (961)	Direct

Footnotes

F1: 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 2015, pursuant to Internal Revenue Code Section 409A.

F2: Options to repurchase vest in four or five annual installments and expire thirty years from date of grant. Includes 2,951 options that expire on February 15, 2034.