CAMPBELL'S Co — Director's Dealing 2010

Sep 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2010-09-16

Reporting Person: Callaghan Patrick (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-16	Common Stock	M	20700	$22.95	Acquired	138698	Direct
2010-09-16	Common Stock	S	20700	$36.18	Disposed	117998	Direct
2010-09-16	Common Stock	M	28500	$26.84	Acquired	146498	Direct
2010-09-16	Common Stock	S	28500	$36.18	Disposed	117998	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-16	Employee Stock Options	$22.95	M	20700	Disposed	2012-07-25	Common Stock (20700)	Direct
2010-09-16	Employee Stock Options	$26.84	M	28500	Disposed	2013-09-25	Common Stock (28500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3765	Indirect

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 7/25/2002.

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 9/25/2003.