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PepsiCo executive exercises options


Published : Tue, 31 Jul 2007 20:16
By : Agencies
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NEW YORK (AP) - The senior vice president and chief personnel officer of soft drink and snack maker PepsiCo Inc. exercised options for 8,000 shares of common stock, according to a Securities and Exchange Commission filing Monday.

In a Form 4 filed with the SEC, Cynthia Trudell reported she exercised the options for $33.75 apiece on Thursday and then sold 6,000 shares the same day for $67.09 to $67.18 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

PepsiCo is based in Purchase, N.Y.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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