CAMPBELL'S Co — Director's Dealing 2017

Oct 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2017-09-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-30	Common Stock	F	66970	$47.05	Disposed	341281	Direct
2017-09-30	Common Stock	A	20559	—	Acquired	361840	Direct
2017-09-30	Common Stock	A	24832	—	Acquired	386672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-01	Employee Stock Option (right to buy)	$47.185	A	207468	Acquired	2027-10-01	Common Stock (207468.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1165.27	Indirect

Footnotes

F1: On October 1, 2014, the Reporting Person was granted 82,238 RSUs that were subject to both performance-vesting and service-vesting requirements; the number of shares underlying these RSUs were reported on Form 4 at the time of grant at the target amount. Based on the level at which the performance goals were attained, the October 1, 2014 RSU grant vested at 125% on September 30, 2017, resulting in the Reporting Person receiving the additional shares reported above.

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

F3: The options will vest in equal installments on each of the first three anniversaries of the Grant Date.