CAMPBELL'S Co — Director's Dealing 2017

Mar 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2017-03-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-29	Common Stock	J	937800	—	Disposed	17019341	Indirect
2017-03-29	Common Stock	J	7883	—	Acquired	470877	Indirect
2017-03-29	Common Stock	J	6039	—	Acquired	8082	Indirect
2017-03-30	Common Stock	P	915766	$57.34	Acquired	1386643	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27876085	Indirect
Common Stock	24978	Direct

Footnotes

F1: Pro rata distribution from ABD Investments LP to its partners.

F2: ABD Investments LP distributed 937,800 shares of common stock on a pro rata basis to its partners as follows: Bennett Dorrance Revocable Trust - 7,883 shares; Hank, Inc. - 6,039 shares; Bennett Dorrance Jr. Revocable Trust - 4,056 shares; Ashley Dorrance Kaplan Revocable Trust - 4,056 shares; DFE Legacy Trust - 915,766 shares.

F3: 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.

F4: Pro rata distribution from ABD Investments LP, of which the Bennett Dorrance Revocable Trust is a general partner.

F5: Bennett Dorrance is the sole Trustee of the Bennett Dorrance Revocable Trust.

F6: Pro rata distribution from ABD Investments LP, of which the Hank, Inc. is a general partner.

F7: Held by Hank, Inc., of which Mr. Dorrance is the majority owner and sole director.

F8: Shares transferred by DFE Legacy Trust to the Bennett Dorrance Revocable Trust to repay an existing debt. The shares were acquired by DFE Legacy Trust, a limited partner of ABD Investments LP, on March 29, 2017 as part of the distribution by ABD to its partners, reported above on line 1. The Reporting Person did not have a beneficial interest in the shares when they were held by DFE Legacy Trust.

F9: 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.