PEPSICO INC — Director's Dealing 2007

Jan 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2006-12-29

Reporting Person: TRUDELL CYNTHIA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-29	PepsiCo, Inc. Common Stock	P	63	$62.80	Acquired	4639	Indirect
2007-01-08	PepsiCo, Inc. Common Stock	P	100	$63.15	Acquired	4739	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-08	Call Option (right to buy)	$65.00	J	1	Acquired	2007-04-21	PepsiCo, Inc. Common Stock (100)	Direct

Footnotes

F1: 100 of these shares are held in the reporting person's IRA.

F2: The transaction occurred on January 8, 2007 due to broker error and was rescinded on January 10, 2007.