SEC Form 4 · accession 0001209191-16-117498
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Indra K Nooyi
Officer — Chairman and CEO · Director
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 6:07 pm EDT
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 Stock | May 2, 2016 | M | 304,220 | $65.00 | A | 649,818 | D | |
| PepsiCo, Inc. Common StockF1,F2 | May 2, 2016 | S | 304,220 | $103.313 | D | 345,598 | D | |
| PepsiCo, Inc. Common StockF3 | holding | — | — | — | 7,903 | I | by 401(k) | |
| PepsiCo, Inc. Common Stock | holding | — | — | — | 250,000 | I | By GRAT I | |
| PepsiCo, Inc. Common Stock | holding | — | — | — | 200,000 | I | By GRAT II |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $65.00 | May 2, 2016 | M | 304,220 | D | Feb 1, 2010 | Jan 31, 2017 | PepsiCo, Inc. Common Stock | 304,220 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $102.74 and $103.84, a portion of which were sold to cover option costs, taxes and broker commissions. 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. The options were initially granted in 2007, became fully vested on February 1, 2010 and have an expiration date within less than a year from the date of exercise.
- F2On April 20, 2016, the reporting person contributed 250,000 shares previously owned directly by her to a grantor retained annuity trust ("GRAT I"). On April 26, 2016, the reporting person contributed an additional 200,000 shares previously owned directly by her to a second grantor retained annuity trust ("GRAT II"). These shares are now being reported as indirectly held by the reporting person.
- F3Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of May 2, 2016.