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: KADEN ELLEN O (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-25	Common Stock	A	26100	—	Acquired	62622	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	100000	Acquired	2013-09-25	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3508	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$22.95	2012-07-25	Common Stock (86250)	86250	Direct
Stock Options (Right to buy)	$27.99	2011-09-28	Common Stock (108000)	108000	Direct
Stock Options (Right to buy)	$29.59	2010-06-22	Common Stock (81250)	81250	Direct
Phantom Stock	$0	1988-08-08	Common Stock (29581)	29581	Direct

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.