CAMPBELL'S Co — Director's Dealing 2008

Jun 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2008-06-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-02	Common Stock	M	55378	$22.95	Acquired	254804	Direct
2008-06-02	Common Stock	S	5000	$33.00	Disposed	249804	Direct
2008-06-02	Common Stock	S	700	$33.01	Disposed	249104	Direct
2008-06-02	Common Stock	S	2800	$33.02	Disposed	246304	Direct
2008-06-02	Common Stock	S	3600	$33.03	Disposed	242704	Direct
2008-06-02	Common Stock	S	1028	$33.04	Disposed	241676	Direct
2008-06-02	Common Stock	S	1000	$33.05	Disposed	240676	Direct
2008-06-02	Common Stock	S	250	$33.06	Disposed	240426	Direct
2008-06-02	Common Stock	S	2000	$33.07	Disposed	238426	Direct
2008-06-02	Common Stock	S	4000	$33.10	Disposed	234426	Direct
2008-06-02	Common Stock	S	2000	$33.14	Disposed	232426	Direct
2008-06-02	Common Stock	S	1000	$33.15	Disposed	231426	Direct
2008-06-02	Common Stock	S	3000	$33.16	Disposed	228426	Direct
2008-06-02	Common Stock	S	1000	$33.17	Disposed	227426	Direct
2008-06-02	Common Stock	S	1000	$33.18	Disposed	226426	Direct
2008-06-02	Common Stock	S	700	$33.19	Disposed	225726	Direct
2008-06-02	Common Stock	S	1000	$33.20	Disposed	224726	Direct
2008-06-02	Common Stock	S	2000	$33.24	Disposed	222726	Direct
2008-06-02	Common Stock	S	3300	$33.25	Disposed	219426	Direct
2008-06-02	Common Stock	S	9000	$33.26	Disposed	210426	Direct
2008-06-02	Common Stock	S	5000	$33.28	Disposed	205426	Direct
2008-06-02	Common Stock	S	2000	$33.29	Disposed	203426	Direct
2008-06-02	Common Stock	S	1000	$33.30	Disposed	202426	Direct
2008-06-02	Common Stock	S	1000	$33.31	Disposed	201426	Direct
2008-06-02	Common Stock	S	2000	$33.33	Disposed	199426	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-02	Employee Stock Options	$22.95	M	55378	Disposed	2012-07-25	Common Stock (55378)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1331	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.