SEC Form 4 · accession 0001209191-18-016778
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laxman Narasimhan
Officer — CEO, Latin America and ESSA
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:54 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, 2018 | A | 28,448 | $0.00 | A | 140,967 | D | |
| PepsiCo, Inc. Common StockF2 | Mar 1, 2018 | A | 1,935 | $0.00 | A | 142,902 | D | |
| PepsiCo, Inc. Common StockF3 | Mar 1, 2018 | F | 7,267 | $108.5605 | D | 135,635 | 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, 2021 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 2015, 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 PEPunits.
Remarks
Exhibit List Exhibit 24 - Power of Attorney