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: TRUDELL CYNTHIA (SVP & Chief Personnel Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-26	PepsiCo, Inc. Common Stock	M	8000	$33.75	Acquired	19407	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1500	$67.09	Disposed	17907	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	800	$67.10	Disposed	17107	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	200	$67.11	Disposed	16907	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	200	$67.12	Disposed	16707	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	100	$67.13	Disposed	16607	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	700	$67.14	Disposed	15907	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	1400	$67.15	Disposed	14507	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	100	$67.16	Disposed	14407	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	900	$67.17	Disposed	13507	Direct
2007-07-26	PepsiCo, Inc. Common Stock	S	100	$67.18	Disposed	13407	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-26	Employee Stock Option (right to buy)	$33.75	M	8000	Disposed	2010-01-27	PepsiCo, Inc. Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	63	Indirect
PepsiCo, Inc. Common Stock	52.8	Indirect

Footnotes

F1: Reflects number of shares held under the reporting person's account in the PepsiCo 401(k) Plan as of July 26, 2007.