PEPSICO INC — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2007-02-20

Reporting Person: HUNT RAY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-20	PepsiCo, Inc. Common Stock	M	3397	$35.34	Acquired	32991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-20	Employee Stock Option (right to buy)	$35.34	M	3397	Disposed	2007-06-30	PepsiCo, Inc. Common Stock (3397)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	26700	Indirect
PepsiCo, Inc. Common Stock	152500	Indirect
PepsiCo, Inc. Common Stock	46896	Indirect
PepsiCo, Inc. Common Stock	183916	Indirect
PepsiCo, Inc. Common Stock	31474	Indirect