PEPSICO INC — Director's Dealing 2007

Mar 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2007-03-07

Reporting Person: THOMAS FRANKLIN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-07	PepsiCo, Inc. Common Stock	M	3397	$35.34	Acquired	8219	Direct
2007-03-07	PepsiCo, Inc. Common Stock	S	1000	$62.65	Disposed	7219	Direct
2007-03-07	PepsiCo, Inc. Common Stock	S	2100	$62.66	Disposed	5119	Direct
2007-03-07	PepsiCo, Inc. Common Stock	S	297	$62.67	Disposed	4822	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-07	Employee Stock Option (right to buy)	$35.34	M	3397	Disposed	2007-06-30	PepsiCo, Inc. Common Stock (3397)	Direct