PEPSICO INC — Director's Dealing 2007

Jul 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2007-07-26

Reporting Person: WHITE MICHAEL D (Director, Chairman and CEO, PepsiCo Intl)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-26	PepsiCo, Inc. Common Stock	M	77308	$38.50	Acquired	383070	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	5829	$67.50	Disposed	377241	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	3849	$67.51	Disposed	373392	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1700	$67.52	Disposed	371692	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2400	$67.53	Disposed	369292	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1700	$67.54	Disposed	367592	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	400	$67.55	Disposed	367192	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	4000	$67.56	Disposed	363192	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	600	$67.57	Disposed	362592	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1758	$67.58	Disposed	360834	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2337	$67.59	Disposed	358497	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2842	$67.60	Disposed	355655	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	5821	$67.61	Disposed	349834	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	3600	$67.62	Disposed	346234	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	900	$67.63	Disposed	345334	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2464	$67.64	Disposed	342870	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1300	$67.65	Disposed	341570	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1700	$67.66	Disposed	339870	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	3800	$67.67	Disposed	336070	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1910	$67.68	Disposed	334160	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	900	$67.69	Disposed	333260	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	6900	$67.70	Disposed	326360	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2000	$67.71	Disposed	324360	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	3590	$67.72	Disposed	320770	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1200	$67.73	Disposed	319570	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1014	$67.74	Disposed	318556	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	8300	$67.75	Disposed	310256	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	2800	$67.76	Disposed	307456	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1000	$67.77	Disposed	306456	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	100	$67.78	Disposed	306356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-26	Employee Stock Option (right to buy)	$38.50	M	77308	Disposed	2009-01-31	PepsiCo, Inc. Common Stock (77308)	Direct