CAMPBELL'S Co — Director's Dealing 2012

Sep 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2012-09-05

Reporting Person: MORRISON DENISE M (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-05	Common Stock	M	65000	$22.10	Acquired	420539	Direct
2012-09-05	Common Stock	S	65000	$34.7202	Disposed	355539	Direct
2012-09-05	Common Stock	M	62000	$26.84	Acquired	417539	Direct
2012-09-05	Common Stock	S	62000	$34.7202	Disposed	355539	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-05	Employee Stock Option (right to buy)	$22.10	M	65000	Disposed	2013-04-28	Common Stock (65000)	Direct
2012-09-05	Employee Stock Option (right to buy)	$26.84	M	62000	Disposed	2013-09-25	Common Stock (62000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1027	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 $34.545 to and including $34.935. 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.