CAMDEN PROPERTY TRUST — Director's Dealing 2016

Jan 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2016-01-05

Reporting Person: Jessett Alexander J. (EVP - Finance & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-05	Common Shares	M	439	$11.38	Acquired	56980	Direct
2016-01-05	Common Shares	M	1760	$10.995	Acquired	58740	Direct
2016-01-05	Common Shares	S	1021	$76.86	Disposed	57719	Direct
2016-01-05	Common Shares	S	4005	$76.92	Disposed	54476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-05	Deferred RT Shares	$11.38	M	439	Disposed		Common Shares (439)	Direct
2016-01-05	Deferred RT Shares	$10.995	M	1760	Disposed		Common Shares (1760)	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 a distribution of shares in 2016, pursuant to Internal Revenue Code Section 409A. The reporting person sold shares to satisfy tax withholding obligations in connection with the scheduled distribution.

F2: Includes 762 shares acquired through the Issuer's Employee Share Purchase Plan.

F3: Options to repurchase vest in four or five annual installments and expire thirty years from date of grant. Includes 1,020, 859 and 320 options that vested on February 15, 2007, 2008 and 2009, respectively.