CAMPBELL'S Co — Director's Dealing 2011

Jan 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2011-01-20

Reporting Person: WEBER CHARLOTTE C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-20	Common Stock	A	2951	$0.00	Acquired	45603	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-20	Phantom Stock	$	A	2951	Acquired		Common Stock (2951)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3169599	Indirect
Common Stock	11058785	Indirect
Common Stock	27324	Indirect

Footnotes

F1: Shares held under the Deed of Trust of Charlotte C. Weber dated May 10, 1968 ("1968 Trust"). The reporting person is a trustee of the 1968 Trust. The reporting person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein.

F2: Shares held by Suppe Holdings Limited Partnership, a Delaware limited partnership of which CSCS Holdings, Inc. is the general partner and the 1968 Trust is the limited partner. CSCS Holdings, Inc. is a corporation owned by the reporting person. The reporting person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein.

F3: Shares held by CSCS Holdings, Inc. The reporting person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein.

F4: 1-for-1

F5: Phantom shares are fully vested.

F6: The value of phantom stock is payable in cash from the Company's deferred compensation plan upon reporting person's retirement, resignation or termination.