PEPSICO INC — Director's Dealing 2005

Jun 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSI BOTTLING GROUP INC (PBG)
CIK: 0001076405
Period of Report: 2005-05-27

Reporting Person: PEPSICO INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-27	Common Stock, par value $.01 per share	S	80800	—	Disposed	102336958	Direct
2005-05-31	Common Stock, par value $.01 per share	S	45000	—	Disposed	102291958	Direct
2005-06-01	Common Stock, par value $.01 per share	S	95400	—	Disposed	102196558	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from 28.25 to 28.54.

F2: All sales listed on this Form 4 were made by PepsiCo, Inc., on behalf on its affiliates pursuant to a plan adopted April 15, 2005, which is intended to comply with Rule 10b5-1(c).

F3: The shares with respect to this transaction were sold at prices ranging from 28.33 to 28.48.

F4: The shares with respect to this transaction were sold at prices ranging from 28.43 to 28.84.