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PepsiCo CEO exercises options for shares


Published : Tue, 31 Jul 2007 22:17
By : Agencies
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NEW YORK (AP) - The chairman and chief executive of soft drink and snack maker PepsiCo Inc. exercised options for 179,783 shares of common stock, according to Securities and Exchange Commission filings.

In two Form 4s filed with the SEC Monday, Indra K. Nooyi reported she exercised the options Thursday for $32.25 to $38.50 apiece, and then sold 177,783 shares the same day for $67.14 to $67.67 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 This material may not be published, broadcast, rewritten, or redistributed.

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