CAMPBELL'S Co — Director's Dealing 2012

Nov 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2012-11-23

Reporting Person: WHITE DAVID R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-23	Common Stock	S	6621	$36.59	Disposed	93623	Direct
2012-11-26	Common Stock	M	75000	$27.84	Acquired	168623	Direct
2012-11-26	Common Stock	S	75000	$36.49	Disposed	93623	Direct
2012-11-26	Common Stock	M	41400	$26.36	Acquired	135023	Direct
2012-11-26	Common Stock	S	41400	$36.49	Disposed	93623	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-26	Employee Stock Option (right to buy)	$27.84	M	75000	Disposed	2014-03-10	Common Stock (75000)	Direct
2012-11-26	Employee Stock Option (right to buy)	$26.36	M	41400	Disposed	2014-09-23	Common Stock (41400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	629	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 $36.575 to and including $36.60. The full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff.

F2: 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 $36.35 to and including $36.68. The full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff.

F3: The options vested cumulatively over three years at the rate of 30%, 60%, 100% respectively on the first three anniversaries of the Grant Date.