CAMPBELL'S Co — Director's Dealing 2016

Oct 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2016-09-30

Reporting Person: Carolan Edward (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-30	Common Stock	D	4511	—	Disposed	49038	Direct
2016-09-30	Common Stock	F	3612	$54.38	Disposed	45426	Direct
2016-10-03	Common Stock	S	2400	$54.3512	Disposed	43026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-01	Employee Stock Option (right to buy)	$54.65	A	19416	Acquired	2026-10-01	Common Stock (19416.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3.60	Indirect

Footnotes

F1: Represents number of shares previously reported as acquired by the reporting person that were forfeited because the performance criteria required for vesting were not met.

F2: Represents routine transactions under the issuer's 401(k) Plan since the date of the reporting person's last report.

F3: 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 $54.35 to and including $54.355. The full information regarding the number of shares sold at each separate price will be provided upon request by the Commission staff.

F4: The options will vest in equal installments on each of the first three anniversaries of the Grant Date.