CAMPBELL'S Co — Director's Dealing 2020

Apr 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAMPBELL SOUP CO (CPB)
CIK: 0000016732
Period of Report: 2020-03-31

Reporting Person: vanBeuren Archbold D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-31	Common Stock	A	812	—	Acquired	242331	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	475388	Indirect
Common Stock	216403	Indirect
Common Stock	784880	Indirect
Common Stock	488	Indirect
Common Stock	2857	Indirect
Common Stock	180000	Indirect

Footnotes

F1: Includes reporting person's change in the form of beneficial ownership of 216,403 shares reflecting the substitution of assets between ADvB Revocable Trust and ADvB 2010 GRAT on April 1, 2020.

F2: These shares are held by Arnott Investment Partners LP ("Arnott"), a family investment partnership in which the reporting person owns an interest. The shares reported on this line represent the shares in which the reporting person has a pecuniary interest, based on his fractional ownership The reporting person disclaims beneficial ownership of the securities held by Arnott except to the extent of his pecuniary interest therein.

F3: vBManager is a family management company that owns Common Stock. The reporting person owns a fractional interest in vBManager and the shares reported on this line represent the shares in which the reporting person has a pecuniary interest, based on his fractional ownership of vBManager. The reporting person disclaims beneficial ownership of the securities held by vBManager except to the extent of his pecuniary interest therein.

F4: AMC is a family management company that owns Common Stock. The reporting person owns a fractional interest in AMC and the shares reported on this line represent the shares in which the reporting person has a pecuniary interest, based on his fractional ownership of AMC. The reporting person disclaims beneficial ownership of the securities held by AMC except to the extent of his pecuniary interest therein.

F5: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.