CAMDEN PROPERTY TRUST — Director's Dealing 2016

May 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2016-05-03

Reporting Person: PAULSEN WILLIAM F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-03	Common Shares	M	1460	$0.00	Acquired	24245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-03	Limited Partnership Units in Camden Summit Partnership, LP	$	M	1460	Disposed		Common Shares (1460)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	21700	Indirect
Common Shares	24204	Indirect

Footnotes

F1: Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with Common Stock.

F2: There is no exercise date or expiration date for these securities. Each security is redeemable for cash equal to the fair market value of common shares or, at the option of Camden Summit Partnership, L.P., one common share.