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PEPSICO INC Director's Dealing 2007

Oct 3, 2007

29792_dirs_2007-10-03_ddae8535-4a12-4d3f-ba22-a3b6d1ca11a9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2007-10-01

Reporting Person: DUBLON DINA (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-10-01 Phantom Stock Units $ A 2026.75 Acquired PepsiCo, Inc. Common Stock (2026.75) Direct
2007-09-28 Phantom Stock Units $ A 9.59 Acquired PepsiCo, Inc. Common Stock (9.59) Direct

Holdings (Non-Derivative)

Security Shares Ownership
PepsiCo, Inc. Common Stock 2455 Direct

Footnotes

F1: These phantom stock units are held under the PepsiCo Director Deferral Program and convert to shares of PepsiCo Common Stock on a one-for-one basis.

F2: This security represents the filing person's phantom stock units received for service as a director and is payable on the first day of the calendar quarter following the first anniversary of the filing person's retirement or resignation from PepsiCo's Board of Directors.

F3: Acquired on various dates between October 2, 2006 and September 28, 2007 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $62.55 to $73.26, to be paid out in accordance with the terms of the underlying phantom stock units to which such dividend equivalents relate.