SEC Form 4 · accession 0001209191-16-105662
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ramon Laguarta
Officer — CEO, ESSA
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 6:05 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, 2016 | A | 22,975 | $0.00 | A | 137,994 | D | |
| PepsiCo, Inc. Common StockF2 | Mar 1, 2016 | A | 4,901 | $0.00 | A | 142,895 | D | |
| PepsiCo, Inc. Common StockF3 | Mar 1, 2016 | F | 6,791 | $98.595 | D | 136,104 | D | |
| PepsiCo, Inc. Common StockF4 | Mar 2, 2016 | S | 11,000 | $98.159 | D | 125,104 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This number represents the performance-based restricted stock units ("PSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. These PSUs will become vested on March 1, 2019 contingent upon the achievement of pre-established performance targets over a three-year performance period and Compensation Committee approval. The reporting person may receive a number of shares of PepsiCo Common Stock from 0% to 175% of the PSUs granted, depending on the performance level achieved.
- F2This number represents the shares of PepsiCo Common Stock acquired upon vesting of additional PepsiCo Equity Performance Units ("PEPunits") granted in March 2013, as a result of exceeding pre-established performance targets.
- F3This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PepsiCo Equity Performance Units ("PEPunits").
- F4The shares with respect to this transaction were sold at prices ranging from $98.1562 and $98.1900. Upon request, the reporting person will provide to the Securities and Exchange Commission staff, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.