PEPSICO INC — Director's Dealing 2005

Oct 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2005-10-20

Reporting Person: THOMAS FRANKLIN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-20	PepsiCo, Inc. Common Stock	M	3639	$32.98	Acquired	7887	Direct
2005-10-20	PepsiCo, Inc. Common Stock	S	3639	$58.25	Disposed	4248	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-20	Employee Stock Option (right to buy)	$32.98	M	3639	Disposed	2006-06-30	PepsiCo, Inc. Common Stock (3639)	Direct

Footnotes

F1: There is no price for this derivative security.