CAMPBELL'S Co — Director's Dealing 2011

Dec 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2011-12-08

Reporting Person: CARPENTER EDMUND M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-08	Common Stock	M	11494	$29.85	Acquired	38095	Direct
2011-12-08	Common Stock	S	11494	$32.79	Disposed	26601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-08	Stock Option	$29.85	M	11494	Disposed	2012-01-01	Common Stock (11494)	Direct

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 $32.79 to and including $32.80. 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%, 100% respectively on the first three anniversaries of the Grant Date.