PEPSICO INC — Director's Dealing 2006

Feb 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2006-02-10

Reporting Person: REINEMUND STEVEN (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-10	PepsiCo, Inc. Common Stock	M	196000	$18.58	Acquired	571135	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	300	$57.72	Disposed	570835	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	3500	$57.70	Disposed	567335	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	200	$57.69	Disposed	567135	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	300	$57.68	Disposed	566835	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1800	$57.67	Disposed	565035	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1100	$57.66	Disposed	563935	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	100	$57.65	Disposed	563835	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	100	$57.62	Disposed	563735	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1200	$57.61	Disposed	562535	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	400	$57.57	Disposed	562135	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	100	$57.53	Disposed	562035	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	2200	$57.52	Disposed	559835	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	200	$57.51	Disposed	559635	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1200	$57.50	Disposed	558435	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1500	$57.49	Disposed	556935	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	2300	$57.48	Disposed	554635	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	800	$57.46	Disposed	553835	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	34600	$57.45	Disposed	519235	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	800	$57.44	Disposed	518435	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	2500	$57.43	Disposed	515935	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	5600	$57.42	Disposed	510335	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	1900	$57.41	Disposed	508435	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	26300	$57.40	Disposed	482135	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	900	$57.39	Disposed	481235	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	3900	$57.38	Disposed	477335	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	14800	$57.37	Disposed	462535	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	3500	$57.36	Disposed	459035	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	58900	$57.35	Disposed	400135	Direct
2006-02-10	PepsiCo, Inc. Common Stock	S	10100	$57.34	Disposed	390035	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-10	Employee Stock Option (right to buy)	$18.58	M	196000	Disposed	2009-01-27	PepsiCo, Inc. Common Stock (196000)	Direct

Footnotes

F1: There is no price for this derivative security.