CAMDEN PROPERTY TRUST — Director's Dealing 2018

Jan 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMDEN PROPERTY TRUST (CPT)
CIK: 0000906345
Period of Report: 2018-01-05

Reporting Person: Sengelmann William W. (EVP - Real Estate Investments)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-05	Common Shares	S	947	$88.421	Disposed	66567	Direct
2018-01-05	Common Shares	M	3531	$0.00	Acquired	70098	Direct
2018-01-05	Common Shares	S	3531	$88.425	Disposed	66567	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-05	Deferred RT Shares	$	M	3531	Disposed		Common Shares (3531)	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 2018, pursuant to Internal Revenue Code Section 409A.

F2: 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.

F3: Options to repurchase vest in four or five annual installments and expire thirty years from date of grant. Includes 3,531 options that vested on February 15, 2006.

F4: Options to repurchase expire thirty years from date of grant. Includes 3,531 options that expire on February 15, 2031.