CAMPBELL'S Co — Director's Dealing 2014

May 5, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2014-05-01

Reporting Person: O'Shea William J (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36409	Direct
Common Stock	9000	Indirect
Common Stock	721	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (2001)		Direct

Footnotes

F1: Total reported includes 9,956 shares of common stock and 26,453 unvested restricted share units (RSUs). The RSUs will vest based upon the achievement of specified performance goals and/or the lapsing of vesting criteria.

F2: Phantom shares are fully vested.

F3: Shares of phantom stock are payable only in cash from the Company's deferred compensation plan(s) upon reporting person's retirement, resignation or termination.

F4: 1-for-1