PEPSICO INC — Director's Dealing 2006

Nov 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2006-10-31

Reporting Person: AKERS JOHN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-31	PepsiCo, Inc. Common Stock	M	3397	$35.34	Acquired	32984	Direct
2006-10-31	PepsiCo, Inc. Common Stock	S	1697	$63.49	Disposed	31287	Direct
2006-10-31	PepsiCo, Inc. Common Stock	S	1000	$63.46	Disposed	30287	Direct
2006-10-31	PepsiCo, Inc. Common Stock	S	500	$63.42	Disposed	29787	Direct
2006-10-31	PepsiCo, Inc. Common Stock	S	200	$63.47	Disposed	29587	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-31	Employee Stock Option (right to buy)	$35.34	M	3397	Disposed	2007-06-30	PepsiCo, Inc. Common Stock (3397)	Direct

Footnotes

F1: There is no price for this derivative security.