CAMPBELL'S Co — Director's Dealing 2010

Jun 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2010-06-08

Reporting Person: MCWILLIAMS LARRY S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-08	Common Stock	M	90000	$26.84	Acquired	355915	Direct
2010-06-08	Common Stock	S	90000	$36.03	Disposed	265915	Direct
2010-06-08	Common Stock	M	79695	$26.36	Acquired	345610	Direct
2010-06-08	Common Stock	S	79695	$36.03	Disposed	265915	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-08	Employee Stock Options	$26.84	M	90000	Disposed	2013-09-25	Common Stock (90000)	Direct
2010-06-08	Employee Stock Options	$26.36	M	79695	Disposed	2014-09-25	Common Stock (79695)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1378	Indirect

Footnotes

F1: The price reflects the weighted average sale price for the transactions reported on this line. The range of prices for the transactions reported on this line are $35.92 to and including $36.15. The full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff.

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.

F3: 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.