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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under Securities Exchange Act of 1934
(Amendment No. 7)*
CAMPBELL SOUP COMPANY
(Name of Issuer)
CAPITAL STOCK, PAR VALUE $.075 PER SHARE
(Title of Class of Securities)
134429-10-9
(CUSIP Number)
Tycho H.E. Stahl, Esq.
Stradley, Ronon, Stevens & Young, L.L.P.
2600 One Commerce Square, Philadelphia, PA 19103 (215) 564-8160
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 4, 1996
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
CUSIP No. 134429-10-9 Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John T. Dorrance III (S.S. No.: ###-##-####)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Ireland
Number of Shares 7. SOLE VOTING POWER
Beneficially Owned By 18,513,454
Each Reporting Person 8. SHARED VOTING POWER
With 762,527
9. SOLE DISPOSITIVE POWER
18,513,454
10. SHARED DISPOSITIVE POWER
762,527
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,275,981
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This statement, constituting Amendment No. 7 to the Statement on Schedule
13D filed by John T. Dorrance III with the Securities and Exchange Commission
and relating to the Capital Stock, par value $.075 per share (the "Shares"), of
Campbell Soup Company (the "Company"), amends Amendments No. 1, No. 2, No. 3,
No. 4, No. 5 and No. 6 to the Schedule 13D filed by John T. Dorrance III as
follows:
Unless otherwise noted, all defined terms herein are as defined in
Amendment No. 1 to the Schedule 13D.
Item 4. Purpose of Transaction.
Mr. Dorrance has sold approximately 17.6% of his holdings in open market or
in private transactions. As opportunities become available, his present
intention is to make additional dispositions when economically advantageous.
Such future dispositions may be substantial.
Item 5. Interest in Securities of the Issuer.
As of the date hereof, John T. Dorrance III may be deemed beneficially to
own 19,275,981 Shares, or approximately 7.8% of the outstanding Shares, in
respect of which he has dispositive power and voting power as follows:
(i) 1,000,004 -- sole dispositive power and sole voting power - John
T. Dorrance III holds these Shares directly.
(ii) 17,513,450 Shares -- sole dispositive power and sole voting
power. John T. Dorrance III, Director and Trustee, holds these Shares as
Trustee and sole beneficiary of the IPY Trust, and as sole voting Director
of other entities owned by the IPY Trust, which hold the Shares. Since
filing Amendment No. 6 to his Statement on Schedule 13D, Mr. Dorrance,
Director, disposed of 4,129,265 Shares at per Share prices of between $77
and 3/4 and $78 and 5/8 in open market or in private sales.
(iii) 591,188 Shares -- shared dispositive power and shared voting
power. John T. Dorrance III holds these Shares as a Trustee of the Charles
A. Dorrance Trust and of the John T. Dorrance IV Trust. John T. Dorrance
III disclaims beneficial ownership of such 591,188 Shares.
Page 3 of 5 pages
<PAGE>
(iv) 17,867 Shares -- shared dispositive power and shared voting
power. John T. Dorrance III holds these Shares as one of the Trustees of
the YPI Foundation. John T. Dorrance III disclaims beneficial ownership of
such 17,867 Shares.
(v) 153,472 Shares -- shared dispositive power and shared voting
power. John T. Dorrance III holds these Shares as one of the Executors
under the Will of John T. Dorrance, Jr. John T. Dorrance III disclaims
beneficial ownership of such 153,472 Shares.
Page 4 of 5 pages
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: October 7, 1996
/s/ John T. Dorrance, III
-------------------------
John T. Dorrance, III
Page 5 of 5 pages
