PEPSICO INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2007-04-27

Reporting Person: Compton John C (CEO, PepsiCo North America)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-27	PepsiCo, Inc. Common Stock	M	40949	$36.50	Acquired	186269	Direct
2007-04-27	PepsiCo, Inc. Common Stock	S	40949	—	Disposed	145320	Direct
2007-04-27	PepsiCo, Inc. Common Stock	M	43482	$38.50	Acquired	188802	Direct
2007-04-27	PepsiCo, Inc. Common Stock	S	43482	—	Disposed	145320	Direct
2007-04-27	PepsiCo, Inc. Common Stock	M	32000	$32.25	Acquired	177320	Direct
2007-04-27	PepsiCo, Inc. Common Stock	S	32000	—	Disposed	145320	Direct
2007-04-30	PepsiCo, Inc. Common Stock	M	5000	$32.25	Acquired	150320	Direct
2007-04-30	PepsiCo, Inc. Common Stock	S	5000	—	Disposed	145320	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-27	Employee Stock Option (right to buy)	$36.50	M	40949	Disposed	2008-01-31	PepsiCo, Inc. Common Stock (40949)	Direct
2007-04-27	Employee Stock Option (right to buy)	$38.50	M	43482	Disposed	2009-01-31	PepsiCo, Inc. Common Stock (43482)	Direct
2007-04-27	Employee Stock Option (right to buy)	$32.25	M	32000	Disposed	2010-01-31	PepsiCo, Inc. Common Stock (32000)	Direct
2007-04-30	Employee Stock Option (right to buy)	$32.25	M	5000	Disposed	2010-01-31	PepsiCo, Inc. Common Stock (5000)	Direct

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	6178.26	Indirect

F1: The shares with respect to this transaction were sold at prices ranging from $65.97 to $66.00.

F2: The shares with respect to this transaction were sold at prices ranging from $65.85 to $65.97.

F3: The shares with respect to this transaction were sold at prices ranging from $65.81 to $65.85.

F4: The shares with respect to this transaction were sold at prices ranging from $66.57 to $66.59.

F5: Reflects number of shares held under the reporting person's account in the PepsiCo 401(k) Plan as of 04/30/2007.