CAMPBELL'S Co — Director's Dealing 2007

Dec 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2007-12-03

Reporting Person: CONANT DOUGLAS R (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-03	Common Stock	M	41517	$22.95	Acquired	240943	Direct
2007-12-03	Common Stock	S	500	$36.53	Disposed	240443	Direct
2007-12-03	Common Stock	S	500	$36.54	Disposed	239943	Direct
2007-12-03	Common Stock	S	2500	$36.55	Disposed	237443	Direct
2007-12-03	Common Stock	S	500	$36.56	Disposed	236943	Direct
2007-12-03	Common Stock	S	1500	$36.57	Disposed	235443	Direct
2007-12-03	Common Stock	S	2400	$36.58	Disposed	233043	Direct
2007-12-03	Common Stock	S	2000	$36.59	Disposed	231043	Direct
2007-12-03	Common Stock	S	7817	$36.60	Disposed	223226	Direct
2007-12-03	Common Stock	S	2100	$36.61	Disposed	221126	Direct
2007-12-03	Common Stock	S	600	$36.44	Disposed	220526	Direct
2007-12-03	Common Stock	S	1200	$36.45	Disposed	219326	Direct
2007-12-03	Common Stock	S	2000	$36.47	Disposed	217326	Direct
2007-12-03	Common Stock	S	1000	$36.51	Disposed	216326	Direct
2007-12-03	Common Stock	S	1000	$36.53	Disposed	215326	Direct
2007-12-03	Common Stock	S	3200	$36.54	Disposed	212126	Direct
2007-12-03	Common Stock	S	9100	$36.55	Disposed	203026	Direct
2007-12-03	Common Stock	S	2000	$36.56	Disposed	201026	Direct
2007-12-03	Common Stock	S	500	$36.57	Disposed	200526	Direct
2007-12-03	Common Stock	S	1000	$36.65	Disposed	199526	Direct
2007-12-03	Common Stock	S	100	$36.71	Disposed	199426	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-03	Employee Stock Option	$22.95	M	41517	Disposed	2012-07-25	Common Stock (41517)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1298	Indirect

Footnotes

F1: All sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 Trading Plan executed on May 24, 2007.

F2: The options vest cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 7/25/2002.