SEC Form 4 · accession 0001209191-15-021531
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh F Johnston
Officer — EVP PepsiCo & CFO
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077476
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| PepsiCo, Inc. Common StockF1 | Mar 1, 2015 | A | 32,242 | $0.00 | A | 230,230 | D | |
| PepsiCo, Inc. Common StockF2 | holding | — | — | — | 477 | I | by 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF4,F3,F5 | — | Mar 1, 2015 | A | 329 | A | — | — | PepsiCo, Inc. Common Stock | 329 | 25,273 | D |
Explanation of responses
- F1This number represents the PepsiCo Equity Performance units ("PEPunits") granted to the reporting person as a portion of his compensation from PepsiCo, Inc. These PEPunits will become vested on March 1, 2018 subject to absolute stock price performance and relative total shareholder return consistent with a pre-established payout scale determined for the three-year performance period and approved by the Compensation Committee. The reporting person may receive a number of shares of PepsiCo Common Stock from 0% to 175% of the PEPunits granted, depending on the level of performance achieved.
- F2Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of February 27, 2015.
- F3These phantom units are held under the PepsiCo Executive Income Deferral Program and convert to shares of PepsiCo Common Stock on a one-for-one basis.
- F4This amount relates to dividends credited to the reporting person's phantom stock account on various dates between July 1, 2014 and March 1, 2015 pursuant to PepsiCo's Executive Income Deferral Program, at prices ranging from $93.09 to $95.74.
- F5This security is payable pursuant to the reporting person's election and the terms of PepsiCo's Executive Income Deferral Program.