SEC Form 4 · accession 0001209191-17-017847
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk Tanner
Officer — President & COO, NAB
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:41 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, 2017 | A | 18,793 | $0.00 | A | 90,022 | D | |
| PepsiCo, Inc. Common StockF2 | Mar 1, 2017 | A | 2,140 | $0.00 | A | 92,162 | D | |
| PepsiCo, Inc. Common StockF3 | Mar 1, 2017 | F | 2,433 | $109.745 | D | 89,729 | D | |
| PepsiCo, Inc. Common StockF4 | Mar 1, 2017 | F | 3,062 | $109.745 | D | 86,667 | D | |
| PepsiCo, Inc. Common StockF5 | Mar 2, 2017 | S | 5,500 | $110.1337 | D | 81,167 | D | |
| PepsiCo, Inc. Common StockF6 | holding | — | — | — | 490 | I | 401(k) |
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, 2020 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 PSUs granted in March 2014, 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 PSUs.
- F4This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
- F5The shares with respect to this transaction were sold at prices ranging from $110.1310 and $110.1410. 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.
- F6Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of March 1, 2017.