FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CAMDEN PROPERTY TRUST [ (CPT) ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/10/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Shares of Beneficial Interest | 02/10/2004 | M | 50,000 | A | $31.48 | 526,978 | D | |||
Common Shares of Beneficial Interest | 02/10/2004 | M | 30,000 | A | $34.59 | 556,978 | D | |||
Common Shares of Beneficial Interest | 02/10/2004 | F | 59,357 | D | $44 | 497,621 | D | |||
Common Shares of Beneficial Interest | 02/10/2004 | A | 618 | A | $44 | 498,239 | D | |||
Common Shares of Beneficial Interest | 02/10/2004 | J(2) | 20,643 | D | $44 | 477,596(1) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Purchase) | $31.48 | 02/10/2004 | M | 50,000 | 02/05/2004 | 02/05/2013 | Common Shares of Beneficial Interest | 50,000 | $0 | 1,192,795 | D | ||||
Employee Stock Option (Right to Purchase) | $34.59 | 02/10/2004 | M | 30,000 | 01/28/2004 | 01/28/2012 | Common Shares of Beneficial Interest | 30,000 | $0 | 1,162,795 | D | ||||
Employee Stock Option (Right to Purchase) | $44 | 02/10/2004 | A | 59,357 | 02/10/2004 | 02/10/2014 | Common Shares of Beneficial Interest | 59,357 | $0 | 1,222,152 | D | ||||
Options to purchase common shares | (2) | 02/10/2004 | J(2) | 26,700 | 02/10/2004 | 02/10/2034 | Common Shares of Beneficial Interest | 26,700 | $0 | 1,248,852 | D | ||||
Options to purchase common shares | (2) | 02/10/2004 | J(2) | 1,720 | (3) | 02/10/2034 | Common Shares of Beneficial Interest | 1,720 | $0 | 1,250,572 | D | ||||
Options to purchase common shares | (2) | 02/10/2004 | J(2) | 7,225 | (4) | 02/10/2034 | Common Shares of Beneficial Interest | 7,225 | $0 | 1,257,797(5) | D |
Explanation of Responses: |
1. Includes 9,348 shares received as a liquidating distribution from Centeq Realty, Inc. In prior reports, the reporting person reported beneficial ownership of 18,696 shares held by Centeq Realty, Inc. Also includes 892 shares acquired through the issuer's Employee Share Purchase Plan and 313 shares acquired through the issuer's dividend reinvestment plan and previously reported as holdings of derivative securities. Excludes 1,008 shares erroneously included in prior reports in the aggregate am ount of non-derivative securities beneficially owned. |
2. Granted by the Committee appointed in accordance with the provisions of the issuer's Rabbi Trust and represents the difference between the exercise price of the employee stock options described in the first two rows above and the market price of the shares on the date of exercise, as adjusted for the exercise price of these options (which is equal to 25% of the value of the shares as of the date of grant). |
3. Becomes exercisable 10% on each of February 10, 2005 and 2006 and 80% on February 10, 2007. |
4. Becomes exercisable 10% on each of February 10, 2005, 2006, 2007 and 2008 and 60% on February 10, 2009. |
5. Does not include 313 shares acquired through the issuer's dividend reinvestment plan and previously reported as holdings of derivative securities. |
/s/ Richard J. Campo | 02/10/2004 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |