<SEC-DOCUMENT>0001206774-17-000886.txt : 20170317
<SEC-HEADER>0001206774-17-000886.hdr.sgml : 20170317
<ACCEPTANCE-DATETIME>20170317163633
ACCESSION NUMBER:		0001206774-17-000886
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20170317
DATE AS OF CHANGE:		20170317
EFFECTIVENESS DATE:		20170317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEPSICO INC
		CENTRAL INDEX KEY:			0000077476
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				131584302
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01183
		FILM NUMBER:		17698522

	BUSINESS ADDRESS:	
		STREET 1:		700 ANDERSON HILL RD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		9142532000

	MAIL ADDRESS:	
		STREET 1:		700 ANDERSON HILL ROAD
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-1444

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PEPSI COLA CO
		DATE OF NAME CHANGE:	19700903
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>pepsico3177381-defa14a.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALS
<TEXT>

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<P align=center><B><FONT face=Arial style = "font-size: 16pt">UNITED STATES<BR></FONT></B><B><FONT face=Arial style = "font-size: 16pt">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P align=center><B><FONT face=Arial>WASHINGTON, DC 20549 <BR></FONT></B></P>
<P align=center><B><FONT face=Arial size=5>SCHEDULE 14A INFORMATION </FONT></B></P>
<P align=center><B><FONT face=Arial>Proxy Statement Pursuant to Section 14(a) of
the<BR>Securities Exchange Act of 1934 </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="30%" colSpan=3><FONT face=Arial size=2>Filed
      by the Registrant &#9746;</FONT><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD noWrap align=left width="70%"><FONT face=Arial size=2>Filed by a Party
      other than the Registrant </FONT><FONT face=Arial size=2>&#9744;</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="30%" colSpan=3>&nbsp;</TD>
    <TD noWrap align=left width="70%"></TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="99%" colSpan=3><FONT face=Arial size=2>Check the appropriate
    box:</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%"><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD width="1%"></TD>
    <TD width="97%"><FONT face=Arial size=2>Preliminary Proxy
    Statement</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD width="1%"></TD>
    <TD width="97%"><FONT face=Arial size=2>Confidential, for Use of the
      Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD width="1%"></TD>
    <TD width="97%"><FONT face=Arial size=2>Definitive Proxy
    Statement</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"><FONT face=Arial size=2>&#9746;</FONT></TD>
    <TD width="1%"></TD>
    <TD width="97%"><FONT face=Arial size=2>Definitive Additional
      Materials</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="97%"><FONT face=Arial size=2>Soliciting Material under
  &#167;240.14a-12</FONT></TD></TR></TABLE><BR>
<P align=center><B><FONT face=Arial size=5>PepsiCo, Inc.</FONT></B></P>
<P align=center><B><FONT face=Arial size=2>(Name of Registrant as Specified in
its Charter)</FONT></B></P>
<P align=center><B><FONT face=Arial size=1>(Name of Person(s) Filing Proxy
Statement, if Other Than the Registrant)</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD align=left width="100%" colSpan=5><FONT face=Arial size=2>Payment of filing fee (Check the
      appropriate box):</FONT></TD></TR>
  <TR>
    <TD align=left width="100%" colSpan=5>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=Arial size=2>&#9746;</FONT></TD>
    <TD align=left width="1%"><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD align=left width="98%" colSpan=3><FONT face=Arial size=2>No fee required.</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="1%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3><FONT face=Arial size=2>Fee computed on table below per
      Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(1)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Title of each class of securities to which
      transaction applies:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(2)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Aggregate number of securities to which
      transaction applies:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(3)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Per unit price or other underlying value of
      transaction computed pursuant to Exchange Act Rule 0-11 (set forth the
      amount on which the filing fee is calculated and state how it was
      determined):</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(4)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Proposed maximum aggregate value of
      transaction:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(5)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Total fee paid:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3><FONT face=Arial size=2>Fee paid previously with preliminary
      materials.</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top align=left width="1%"><FONT face=Arial size=2>&#9744;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3><FONT face=Arial size=2>Check box if any part of the fee is
      offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
      for which the offsetting fee was paid previously. Identify the previous
      filing by registration statement number, the Form or Schedule and the date
      of its filing.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="98%" colSpan=3><FONT face=Arial size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(1)</FONT></TD>
    <TD align=left width="1%"><FONT face=Arial size=2>&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Amount Previously Paid:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(2)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Form, Schedule or Registration Statement
      No.:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(3)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Filing Party:</FONT></TD></TR>
  <TR>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"></TD>
    <TD align=right width="1%"></TD>
    <TD STYLE="text-align: left; width: 1%; vertical-align: top"><FONT face=Arial size=2>(4)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="96%"><FONT face=Arial size=2>Date Filed:</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>


<DIV style="FLOAT: left; WIDTH: 3%"><IMG src="pepsico3177381-defa14ax1x2.jpg" border=0> </DIV>
<DIV style="FLOAT: right; WIDTH: 94%">
<P align=center><B><FONT face="Times New Roman" size=5>*** Exercise Your
</FONT></B><B><I><FONT face="Times New Roman" size=5>Right</FONT></I></B><B><FONT face="Times New Roman" size=5> to Vote
***<BR></FONT></B><B><FONT face=Arial>Important Notice Regarding the
Availability of Proxy Materials for the<BR>Shareholder Meeting to Be Held on May
3, 2017.</FONT></B></P>
<DIV style="FLOAT: left; WIDTH: 48%">
<P align=center><B><FONT face=Arial>PEPSICO, INC.</FONT></B></P>
<P align=left><IMG src="pepsico3177381-defa14ax1x1.jpg" border=0><BR><I><FONT face=Arial size=1>700 ANDERSON HILL ROAD <BR>PURCHASE, NY
10577-1444</FONT></I></P></DIV>
<DIV style="FLOAT: right; WIDTH: 48%">
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=center width="99%" colSpan=3><B><FONT face=Arial size=2><U>Meeting
      Information</U></FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; BORDER-LEFT: #000000 1pt solid; PADDING-TOP: 2pt; TEXT-ALIGN: left" noWrap width="2%" colSpan=2><B><FONT face=Arial size=2>Meeting
      Type:</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; PADDING-TOP: 2pt; TEXT-ALIGN: left" width="97%"><FONT face=Arial size=2>Annual Meeting</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; BORDER-LEFT: #000000 1pt solid; PADDING-TOP: 2pt; TEXT-ALIGN: left" noWrap width="2%" colSpan=2><B><FONT face=Arial size=2>For holders as
      of:</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; PADDING-TOP: 2pt; TEXT-ALIGN: left" width="97%"><FONT face=Arial size=2>March 1, 2017</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 1pt solid; PADDING-TOP: 2pt; TEXT-ALIGN: left" noWrap width="2%" colSpan=2><B><FONT face=Arial size=2>Date:
      </FONT></B><FONT face=Arial size=2>May 3, 2017</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; PADDING-TOP: 2pt; TEXT-ALIGN: left" width="97%"><B><FONT face=Arial size=2>Time: </FONT></B><FONT face=Arial size=2>9:00 a.m. Eastern Daylight Time</FONT></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 1pt solid; PADDING-TOP: 2pt; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" noWrap width="1%">
      <P align=left><B><FONT face=Arial size=2>Location: </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; PADDING-RIGHT: 2pt; PADDING-LEFT: 2pt; PADDING-BOTTOM: 2pt; VERTICAL-ALIGN: top; PADDING-TOP: 2pt; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: left" width="98%" colSpan=2>
      <P align=left><B><FONT face=Arial size=2>The North Carolina
      History<BR>Center at Tryon Palace<BR></FONT></B><FONT face=Arial size=2>529 South Front Street<BR></FONT><FONT face=Arial size=2>New Bern,
      North Carolina 28562</FONT></P></TD></TR></TABLE>
<P STYLE="text-align: justify"><FONT face=Arial size=2>You are receiving this communication
because you hold shares in the company named above. </FONT></P>
<P STYLE="text-align: justify"><FONT face=Arial size=2>This is not a ballot. You cannot use this
notice to vote these shares. This communication presents only an overview of the
more complete proxy materials that are available to you on the Internet. You may
view the proxy materials online at </FONT><I><FONT face=Arial size=2>www.proxyvote.com</FONT></I><FONT face=Arial size=2>, scan the QR Barcode
on the reverse side, or easily request a paper copy (see reverse
side).</FONT></P>
<P STYLE="text-align: justify"><FONT face=Arial size=2>We encourage you to access and review all
of the important information contained in the proxy materials before
voting.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="100%" bgColor=#000000>
      <P align=left><B><FONT color=#ffffff><FONT face=Arial size=2>See the reverse side of this
      notice to obtain proxy materials and voting
      instructions.</FONT></FONT></B></P></TD></TR></TABLE><BR></DIV></DIV><BR clear=all><BR>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<DIV style="FLOAT: left; WIDTH: 3%"><IMG src="pepsico3177381-defa14ax2x3.jpg" border=0> <BR></DIV>
<DIV style="FLOAT: right; WIDTH: 94%">
<DIV align=left><B><FONT face="Times New Roman" size=5>Before You
Vote<BR></FONT></B><I><FONT face=Arial>&nbsp;&nbsp; How to Access the Proxy
Materials</FONT></I></DIV>
<div style="line-height: 8pt">&nbsp;</div>
<TABLE style="FONT-SIZE: 7pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; border-top: #000000 1pt solid; width: 100%; padding-right: 4pt; padding-left: 4pt; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Proxy Materials Available to VIEW
      or RECEIVE:</FONT></B></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>NOTICE AND PROXY
      STATEMENT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANNUAL
    REPORT</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; padding-right: 4pt; padding-left: 4pt; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>How to View
    Online:</FONT></B></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>Have the information that is printed
      in the box marked by the arrow &#10132;&nbsp;</FONT><FONT style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" face=Arial size=1>&nbsp;XXXX XXXX XXXX XXXX&nbsp;</FONT><FONT face=Arial size=1> (located on the following page)</FONT><B><FONT face=Arial size=1>
      </FONT></B><FONT face=Arial size=1>and visit: </FONT><I><FONT face=Arial size=1>www.proxyvote.com, </FONT></I><FONT face=Arial size=1>or scan the
      QR Barcode below.</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; padding-right: 4pt; padding-left: 4pt; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>How to Request and Receive a
      PAPER or E-MAIL Copy:</FONT></B></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; width: 100%; vertical-align: middle; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>If you want to receive a paper or
      e-mail copy of these documents or proxy materials for future shareholder
      meetings, you must request them. There is NO charge for requesting a copy.
      Please choose one of the following methods to make your
    request:</FONT></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 7pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1pt solid" vAlign=top width="10%">&nbsp;</TD>
    <TD vAlign=top width="1%"><FONT face=Arial size=1>1) </FONT></TD>
    <TD vAlign=top width="14%">
      <P align=left><I><FONT face=Arial size=1>&nbsp;BY INTERNET</FONT></I><FONT face=Arial size=1>: </FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top width="75%">
      <P align=left><FONT face=Arial size=1>www.proxyvote.com</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1pt solid" vAlign=top width="10%">&nbsp;</TD>
    <TD vAlign=top width="1%"><FONT face=Arial size=1>2)</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 14%">
      <P align=left><I><FONT face=Arial size=1>&nbsp;BY TELEPHONE</FONT></I><FONT face=Arial size=1>:</FONT><I><FONT face=Arial size=1>
      &nbsp;&nbsp;&nbsp;</FONT></I></P></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top width="75%">
      <P align=left><FONT face=Arial size=1>1-800-579-1639</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1pt solid" vAlign=top width="10%">&nbsp;</TD>
    <TD vAlign=top width="1%"><FONT face=Arial size=1>3)</FONT></TD>
    <TD vAlign=top width="14%">
      <P align=left><I><FONT face=Arial size=1>&nbsp;BY E-MAIL*:</FONT></I><FONT face=Arial size=1> </FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top width="75%">
      <P align=left><FONT face=Arial size=1>sendmaterial@proxyvote.com</FONT></P></TD></TR></TABLE>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD STYLE="padding: 2pt 4pt 4pt; border-right: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; vertical-align: middle; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>* If requesting materials by e-mail, please send a blank e-mail with the information that is printed in
      the box marked by the arrow&#10132;&nbsp;</FONT><FONT style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" face=Arial size=1>&nbsp;XXXX XXXX XXXX XXXX&nbsp;</FONT><FONT face=Arial size=1> (located on the following page) in the subject
  line.</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; padding-right: 4pt; padding-left: 4pt; vertical-align: middle; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>Requests, instructions and other
      inquiries sent to this e-mail address will NOT be forwarded to your
      investment advisor. Please make the request as instructed above on or
      before April 19, 2017 to facilitate timely
  delivery.</FONT></P></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding-bottom: 8pt">
      <P align=left><B><FONT face="Times New Roman" size=5>How To
      Vote<BR></FONT></B><I><FONT face=Arial>&nbsp;&nbsp; Please Choose One of
      the Following Voting Methods</FONT></I></P>


      </TD>
    <TD STYLE="width: 33%; padding-bottom: 8pt"><IMG src="pepsico3177381-def1a4ax2x4.jpg" border=0></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 7pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; border-top: #000000 1pt solid; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Vote In Person: </FONT></B><FONT face=Arial size=1>Many shareholder meetings have attendance requirements
      including, but not limited to, the possession of an attendance ticket
      issued by the entity holding the meeting. Please check the meeting
      materials for any special requirements for meeting attendance. At the
      meeting, you will need to request a ballot to vote these shares.
      </FONT></P></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 4pt 4pt; border-right: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Vote By Internet:
      </FONT></B><FONT face=Arial size=1>Go to </FONT><I><FONT face=Arial size=1>www.proxyvote.com </FONT></I><FONT face=Arial size=1>or from a
      smart phone, scan the QR Barcode above</FONT><I><FONT face=Arial size=1>.
      </FONT></I><FONT face=Arial size=1>Have the information that is printed in
      the box marked by the arrow&#10132;&nbsp;</FONT><FONT style="BORDER-RIGHT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-BOTTOM: black 1pt solid" face=Arial size=1>&nbsp;XXXX XXXX XXXX XXXX&nbsp;</FONT><FONT face=Arial size=1> (located on the following page) available and follow the
      instructions.</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Vote By Mail: </FONT></B><FONT face=Arial size=1>You can vote by mail by requesting a paper copy of the
      materials, which will include a proxy card.</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-left: #000000 1pt solid; padding: 2pt 4pt 4pt; width: 100%; text-align: justify">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Shareholder Meeting Registration:
      </FONT></B><FONT face=Arial size=1>To attend the meeting, go to the
      "Register for Meeting" link at www.proxyvote.com. An admission ticket and
      </FONT><FONT face=Arial size=1>valid government-issued photo
      identification, such as a driver&#146;s license or passport, will be required to enter the meeting. </FONT><B><FONT face=Arial size=1>Please bring the
      admission ticket to the meeting.</FONT></B></P></TD></TR>
  <TR>
    <TD STYLE="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; width: 100%; padding-right: 4pt; padding-left: 4pt; text-align: justify">
      <P STYLE="text-align: justify"><FONT face=Arial size=1>If voting over the Internet, by
      phone or mail, your vote must be received by 11:59 p.m. Eastern Daylight
      Time on May 2, 2017.</FONT></P></TD></TR></TABLE></DIV><BR clear=all><BR>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>

<div style="float: left; width: 3%">

<IMG src="pepsico3177381-defa14ax3x1.jpg" border=0><BR></DIV>


<div style="float: right; width: 94%">


<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1.5pt solid; BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" align=center width="50%">
      <P align=center><B><FONT face=Arial size=1>Voting Items</FONT></B></P></TD>
    <TD style="text-align: center" width="50%">&nbsp;&nbsp;</TD></TR></TABLE>
<DIV style="FLOAT: left; WIDTH: 48%">
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt">
      <P align=left><B><FONT face=Arial size=1>Company
    Proposals</FONT></B></P></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt">
      <P align=left><B><FONT face=Arial size=1>THE BOARD OF DIRECTORS RECOMMENDS
      A VOTE "FOR" EACH OF THE NOMINEES LISTED IN ITEM NO.
  1.</FONT></B></P></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Election of
      Directors</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD COLSPAN="2" STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><B><FONT face=Arial size=1>Nominees:</FONT></B></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Shona L. Brown</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1b. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>George W. Buckley</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1c. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Cesar Conde</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1d. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Ian M. Cook</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1e. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Dina Dublon</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1f. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Rona A. Fairhead</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1g. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Richard W. Fisher</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1h. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>William R. Johnson</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1i. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Indra K. Nooyi</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1j. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>David C. Page</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1k. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Robert C. Pohlad</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1l. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Daniel Vasella</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1m. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Darren Walker</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"></TD>
    <TD NOWRAP STYLE="padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>1n. </FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>Alberto Weisser</FONT></TD></TR></TABLE></div>
<DIV style="FLOAT: right; WIDTH: 48%">
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt">
      <P align=left><B><FONT face=Arial size=1>THE BOARD OF DIRECTORS RECOMMENDS
      A VOTE "FOR" ITEMS NO. 2 AND 3.</FONT></B></P></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; vertical-align: middle; text-align: justify; padding-bottom: 6pt"><FONT face=Arial size=1>Ratification of the appointment
      of KPMG LLP as the Company&#146;s independent registered public accounting firm
      for fiscal year 2017.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>3.</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; vertical-align: middle; text-align: justify; padding-bottom: 6pt"><FONT face=Arial size=1>Advisory approval of the
      Company&#146;s executive compensation.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt">
      <P align=left><B><FONT face=Arial size=1>THE BOARD OF DIRECTORS RECOMMENDS
      A VOTE OF EVERY "ONE YEAR" ON ITEM NO. 4.</FONT></B></P></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>4.</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; vertical-align: middle; text-align: justify; padding-bottom: 6pt"><FONT face=Arial size=1>Advisory vote on frequency of
      future shareholder advisory approval of the Company&#146;s executive
      compensation.</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt">
      <P STYLE="text-align: justify"><B><FONT face=Arial size=1>Shareholder Proposals
      </FONT></B></P></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; width: 100%; padding-top: 6pt; padding-bottom: 6pt; text-align: justify">
      <P align=left><B><FONT face=Arial size=1>THE BOARD OF DIRECTORS RECOMMENDS
      A VOTE "AGAINST" ITEMS NO. 5 AND 6.</FONT></B></P></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>5.</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt; text-align: justify"><FONT face=Arial size=1>Report regarding pesticide
      pollution.</FONT></TD></TR>
  <TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-top: 6pt; padding-bottom: 6pt"><FONT face=Arial size=1>6.</FONT></TD>
    <TD STYLE="width: 100%; padding-top: 6pt; padding-bottom: 6pt; text-align: justify"><FONT face=Arial size=1>Implementation of Holy Land
      Principles.</FONT></TD></TR></TABLE>
<P STYLE="text-align: justify"><B><FONT face=Arial size=1>NOTE:</FONT></B><FONT face=Arial size=1> Also includes authorization to vote upon such other business as may
properly come before the meeting or any adjournment or postponement
thereof.</FONT></P><IMG src="pepsico3177381-defa14ax3x2.jpg" border=0 width="100%"><BR></div></DIV><BR clear=all><BR>
<HR align=center width="100%" noShade SIZE=2>

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<HR STYLE="MARGIN-TOP: -10PX" SIZE="1" COLOR="Black">
</DIV>

<DIV style="float: left; width: 3%"><IMG src="pepsico3177381-defa14ax4x1.jpg" border=0>
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