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CAMPBELL'S Co Director's Dealing 2007

Nov 26, 2007

30654_dirs_2007-11-26_9cd3dcf5-8bde-4aa0-81a7-c1e12e3cea26.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2007-11-16

Reporting Person: Callaghan Patrick (Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 88419 Direct
Common Stock 3478 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Right to Buy) $42.53 2009-06-24 Common Stock (12450) Direct
Stock Options (Right to Buy) $29.59 2010-06-22 Common Stock (18400) Direct
Stock Options (Right to Buy) $27.99 2011-09-28 Common Stock (20600) Direct
Stock Options (Right to Buy) $22.95 2012-07-25 Common Stock (20700) Direct
Stock Options (Right to Buy) $26.84 2013-09-25 Common Stock (28500) Direct
Stock Options (Right to Buy) $26.36 2014-09-23 Common Stock (20000) Direct
Phantom Stock $ Common Stock (3579) Direct

Footnotes

F1: The options vested cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 6/24/1999.

F2: The options vested cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 6/22/2000.

F3: 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 9/28/2001.

F4: The options vested 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.

F5: The options vested cumulatively over three years at the rate of 30%, 60% and 100%, respectively on the first three anniversaries of the grant date of 9/25/2003.

F6: The options vested cumulatively over three years at the rate of 30%, 60% and 100% respectively on the first three anniversaries of the grant date of 9/23/2004.

F7: Phantom shares are fully vested.

F8: Shares of phantom stock are payable in cash or stock from the Company's Deferred Compensation Plan upon reporting person's retirement, resignation or termination.

F9: 1-for-1