PEPSICO INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2006-11-02

Reporting Person: Carey Albert P (President and CEO Frito-Lay)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-02	PepsiCo, Inc. Common Stock	M	29648	$43.50	Acquired	102670	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	20100	$63.17	Disposed	82570	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	2300	$63.15	Disposed	80270	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	2100	$63.16	Disposed	78170	Direct
2006-11-02	PepsiCo, Inc. Common Stock	M	60796	$36.50	Acquired	138966	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	400	$63.39	Disposed	138566	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	100	$63.38	Disposed	138466	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	1300	$63.37	Disposed	137166	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	200	$63.36	Disposed	136966	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	600	$63.35	Disposed	136366	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	7600	$63.34	Disposed	128766	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	4000	$63.33	Disposed	124766	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	23500	$63.32	Disposed	101266	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	23096	$63.31	Disposed	78170	Direct
2006-11-02	PepsiCo, Inc. Common Stock	M	62649	$38.50	Acquired	140819	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	4304	$63.31	Disposed	136515	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	44600	$63.30	Disposed	91915	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	7045	$63.29	Disposed	84870	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	3800	$63.28	Disposed	81070	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	1600	$63.27	Disposed	79470	Direct
2006-11-02	PepsiCo, Inc. Common Stock	S	1300	$63.24	Disposed	78170	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-02	Employee Stock Option (right to buy)	$43.50	M	29648	Disposed	2011-01-31	PepsiCo, Inc. Common Stock (29648)	Direct
2006-11-02	Employee Stock Option (right to buy)	$36.50	M	60796	Disposed	2008-01-31	PepsiCo, Inc. Common Stock (60796)	Direct
2006-11-02	Employee Stock Option (right to buy)	$38.50	M	62649	Disposed	2009-01-31	PepsiCo, Inc. Common Stock (62649)	Direct

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	80	Indirect

F1: Reflects number of shares held under the reporting person's account in the PepsiCo 401(k) Plan as of November 2, 2006.

F2: There is no price for this derivative security.