CAMPBELL'S Co — Director's Dealing 2011

Mar 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2011-03-07

Reporting Person: DISILVESTRO ANTHONY (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-07	Common Stock	M	53235	$0.00	Acquired	156291	Direct
2011-03-07	Common Stock	S	53235	$33.47	Disposed	103056	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-07	Employee Stock Options	$22.95	M	53235	Disposed	2012-07-25	Common Stock (53235)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13608	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 $33.40 to and including $33.55. 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 7/25/2002.