CAMPBELL'S Co — Director's Dealing 2003

Sep 26, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (cpb)
CIK: 0000016732
Period of Report: 2003-09-25

Reporting Person: MCWILLIAMS LARRY S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-25	Common Stock	A	20000	—	Acquired	32718	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-25	Stock Options (Right to buy)	$26.84	A	90000	Acquired	2013-09-25	Common Stock (90000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	384	Indirect

Footnotes

F1: The options vest cumulatively three years at the rate of 30%, 60%, 100% respectively on the first three anniversaires of the Transaction Date - the first anniversay is listed as the date excercisable.