SEC Form 4
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*
INGRAHAM SCOTT S

(Last) (First) (Middle)
C/O CAMDEN PROPERTY TRUST
THREE GREENWAY PLAZA #1300

(Street)
HOUSTON TX 77046

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAMDEN PROPERTY TRUST [ (CPT) ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/13/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 11/13/2003 M 19,000 A $32.279 78,592 D
Common Shares of Beneficial Interest 11/13/2003 F 14,959 D $41 63,633 D
Common Shares of Beneficial Interest 11/13/2003 J(2) 4,041 D $41 59,592 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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) $32.279 11/13/2003 M 19,000 07/15/1997(1) 07/15/2004 Common Shares of Beneficial Interest 19,000 $0 164,848 D
Employee Stock Option (right to purchase) (2) 11/13/2003 J(2) 4,490 11/13/2004 11/13/2023 Common Shares of Beneficial Interest 4,490 $0 169,338 D
Explanation of Responses:
1. (1) The Reporting Person acquired shares through the exercise of vested options in accordance with the Oasis Residential, Inc. 1993 Stock Option Plan. Options issued to the Reporting Person under such plan were converted to options to purchase common shares of beneficial interest ("Shares") of Camden Property Trust (the "Company") upon the merger of the Company and Oasis Residential, Inc. on April 8, 1998. The options vested in equal installments in July 1995, July 1996, July 1997 and July 1998.
2. (2) Granted by the committee appointed in accordance with the provisions of the Company's Rabbi Trust and represent the difference between the exercise price of the employee stock option described above and the market price of the Shares on the date of exercise, as adjusted for the exercise price of this option (which is equal to 10% of the value of the Shares as of the date of grant) and held in the Rabbi Trust pursuant to a grant by the committee.
/s/Scott S. Ingraham 11/14/2003
** 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.