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This excerpt taken from the PBG DEF 14A filed Mar 31, 2006. Section 16 Beneficial Ownership Reporting
Compliance. Section 16(a) of the
Securities Exchange Act of 1934 requires the Companys
Directors, certain officers and persons who own more than ten
percent of the outstanding Common Stock of the Company to file
with the SEC reports of ownership and changes in ownership of
the Capital Stock of the Company held by such persons. Officers,
Directors and greater-than-ten percent shareholders are also
required to furnish the Company with copies of all forms they
file under this regulation. To the Companys knowledge,
based solely on a review of the copies of such reports furnished
to the Company, all Section 16(a) filing requirements
applicable to all of its reporting persons were complied with
during fiscal 2005 except as follows: (i) in July 2005,
PepsiCo, Inc., a greater-than-ten percent shareholder of the
Company made a late filing on Form 4 with respect to the
sale of 90,000 shares of the Companys Common Stock;
and (ii) in December 2005, as a result of a third-party
administrative error, Steven M. Rapp, an executive officer of
the Company, made a late filing on Form 4 with respect to
two discretionary transactions reporting the aggregate
disposition of 1,798 shares of the Companys Common
Stock. To the Companys knowledge, all other transactions
from 2005 have now been reported.
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