PEPSICO INC — Director's Dealing 2007

Mar 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSI BOTTLING GROUP INC (PBG)
CIK: 0001076405
Period of Report: 2007-03-26

Reporting Person: PEPSICO INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-26	Common Stock, par value $.01 per share	S	36000	—	Disposed	85375358	Direct
2007-03-27	Common Stock, par value $.01 per share	S	88925	—	Disposed	85286433	Direct

Footnotes

F1: All sales listed on this Form 4 were made by PepsiCo, Inc., on behalf of its affiliates pursuant to a plan adopted November 20, 2006, which is intended to comply with Rule 10b5-1(c).

F2: The shares with respect to this transaction were sold at prices ranging from $31.60 to $31.83.

F3: The shares with respect to this transaction were sold at prices ranging from $31.61 to $31.80.