CAMPBELL'S Co — Director's Dealing 2014

Dec 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2014-12-10

Reporting Person: DORRANCE BENNETT (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-10	Common Stock	M	17769	$30.02	Acquired	35879	Direct
2014-12-10	Common Stock	S	12051	$44.32	Disposed	23828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-10	Stock Options (right to buy)	$30.02	M	17769	Disposed	2015-01-01	Common Stock (17769)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	439586	Indirect
Common Stock	2419355	Indirect
Common Stock	17957141	Indirect
Common Stock	2043	Indirect
Common Stock	25456730	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 $44.32 to and including $44.34. The full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff.

F2: Bennett Dorrance is the sole Trustee of the Bennett Dorrance Trust. Mr. Dorrance disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F3: Held by Clarabelle Investments LLC of which Mr. Dorrance is a majority owner. Mr. Dorrance disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F4: Held by ABD Investments Limited Partnership of which Mr. Dorrance is a majority general partner. Mr. Dorrance disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F5: Held by Hank, Inc. of which Mr. Dorrance is the sole director and majority owner. Mr. Dorrance disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F6: Held by Guillermo Investments LLC, of which Hank Inc. is the sole manager. Mr. Dorrance disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.