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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
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|_|Check this box if no longer OMB NUMBER 3235-0287
subject to Section 16. Expires: September 30, 1998
Form 4 or Form 5 Estimated average burden
obligations may continue. hours per response . . . 0.5
See Instruction 1(b).
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of |2. Issuer Name and Ticker or |6. Relationship of Reporting
Reporting Person | Trading Symbol | Person(s) to Issuer
| | (Check all applicable)
Richard J. Campo | Camden Property Trust (CPT) | _X_ Director __ 10% Owner
- --------------------------|----------------------------------------| _X_ Officer __ Other (specify
(Last) (First) (Middle)|3. IRS or Social |4. Statement for | (give title below)
| Security Number | Month/Year | below
c/o Camden Property Trust | of Reporting | February 1997 |
3200 SW FWY #1500 | Person | | Chairman of the Board of Trust
| | | Managers and Chief Executive Officer
- --------------------------| (Voluntary) |--------------------|-------------------------------------
(Street) | |5. If Amendment |7. Individual or Joint/Group Filing
| | Date of Original | (Check Applicable Line)
Houston, TX 77027| | (Month/Year) | _X_ Form filed by One reporting
- --------------------------| | | person
(City) (State) (Zip)| | | ___ Form filed by more than one
| | | reporting person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of |2.Trans- |3. Trans- |4. Securities Acquired (A)|5. Amount of |6.Owner- |7. Nature
Security | action | action | or Disposed (D) | Securities | ship | of In-
Instr. 3) | Date | Code | | Beneficially | Form: | direct
| (Month/ | (Instr. 8)| (Instr. 3, 4 and 5) | Owned at | Direct | Bene-
| Day/ |-------------------------------------- | End of Month | (D) or | ficial
| Year) | | | | (A) | | (Instr. 3 | Indirect | Owner-
| | | | | or | | and 4) | (I) | ship
| | Code | V | Amount | (D) | Price | | (Instr. 4)|
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Common Shares | 2/1/97 | T | | 39,214 | D | $0.00 | 257,468(1) | D |
of Beneficial | | | | | | | | |
Interest | | | | | | | | |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or
indirectly.
*If the form is files by more than one reporting person, see Instruction 4(b)(v).
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PAGE
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FROM 4 (continued)
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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|2. Conver- |3. Trans-|4. Transaction|5. Number of Derivative |6. Date Exercisable
Security | sion or | action| Code |Securities Acquired (A) |and Expiration Date
(Instr. 3) | Exercise| Date | (Instr. 8) |or Disposed of (D) | (Month/Day/Year)
| Price of| (Month/| |(Instr. 3, 4 and 5) |(Month/Day/Year)
| Deriv- | Day/ | | |
| ative | Year) | | |
| Security| | | |
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| | | | | | | |Expir-
| | | | | | |Date Exer- |ation
| | | Code | V | (A) | (D) |cisable |Date
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Option to Purchase | $2.70 | 2\1\97 | J(2) | | 63,016 | | (3) | 2/1/
Common Shares | | | | | | | | 2017
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Option to Purchase | $27.00 | 2\1\97 | A | | 150,000 | | (4) | 2/1/
Common Shares | | | | | | | | 2007
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Table II - Continued
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7. Title and Amount of Underlying |8. Price of |9. Number of |10. Ownership |11. Nature of
Securities | Derivative | Derivative | Form of | Indirect
(Instr. 3 and 4) | Security | Securities | Derivative | Beneficial
- ----------------------------------| (Instr. 5) | Beneficially| Security: | Ownership
| Amount or | | Owned at | Direct (D) | (Instr. 4)
Title | Number of | | End of Month| or Indirect |
| Shares | | (Instr. 4) | (I)(Instr.4)|
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Common Shares of | 63,016 | $0.00 | 213,016 | D |
Beneficial Interest | | | | |
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Common Shares of | 150,000 | $0.00 | 363,016 | D |
Beneficial Interest | | | | |
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<FN>
Explanation of Responses:
(1) Includes the 18,696 shares owned by Centeq, of which Mr. Campo disclaims ownership of 50% of such
shares.
(2) The Reporting Person has exchanged his unvested restricted shares for the right to repurchase such
shares in the future at a price equal to 10% of the value of such shares as of the date of exchange.
(3) Shares vest in varying amounts beginning February 15, 1997 and continuing each anniversary date
thereof through February 15, 2002.
(4) The options become exercisable in 33 1/3 percent increments on February 1, 1998, 1999 and 2000.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)
/s/ 3/7/97
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Richard J. Campo Date
SEC 1474 (7-96)
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
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