SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* KRONICK SUSAN D (Last) (First) (Middle) C/O THE PEPSI BOTTLING GROUP, INC. ONE PEPSI WAY (Street) SOMERS NY 10589 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PEPSI BOTTLING GROUP INC [ PBG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/23/2009
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/23/2009		M		19,566	A	$11.5	42,116	D
Common Stock	03/23/2009		M		5,823	A	$9.89	47,939	D
Common Stock	03/23/2009		S		19,566(1)	D	$19.84(2)	28,373	D
Common Stock	03/23/2009		S		5,823(3)	D	$19.84(2)	22,550(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director Stock Options (Right to Buy)	$11.5	03/23/2009		M			19,566(5)	06/01/1999	03/30/2009	Common Stock	19,566(5)	$0.00(6)	0	D
Director Stock Options (Right to Buy)	$9.89	03/23/2009		M			5,823(7)	04/01/2000	04/01/2010	Common Stock	5,823(7)	$0.00(6)	16,927	D

Explanation of Responses:

1. The reporting person sold 19,566 shares of common stock which were acquired as a result of the exercise of stock options (as reflected in Table II). The stock options were granted to the reporting person in March 1999 and expire in March 2009. The sale was conducted pursuant to a Rule 10b5-1 trading plan, which became effective September 4, 2008.

2. The shares with respect to this transaction were sold at prices ranging from $19.65 to $20.00. Upon request, the reporting person will provide to the Securities and Exchange Commission staff, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.

3. The reporting person sold 5,823 shares of common stock which were acquired as a result of the exercise of stock options (as reflected in Table II). The stock options were granted to the reporting person in April 2000 and expire in April 2010. The sale was conducted pursuant to a Rule 10b5-1 trading plan, which became effective September 4, 2008.

4. This number includes 54 shares of restricted stock accumulated as a result of dividends credited in the form of restricted stock on various dates between March 31, 2008 and January 2, 2009 at the same time and in the same amount as dividends were paid to shareholders of Common Stock in accordance with the agreement governing the director's restricted stock award. This number also includes 132 RSUs accumulated as a result of dividend equivalents credited to the director on various dates between March 31, 2008 and January 2, 2009 at the same time and in the same amount as dividends were paid to shareholders of Common Stock in accordance with the agreement governing the director's RSU awards.

5. The reporting person exercised 19,566 stock options which were granted to the reporting person in March 1999 and expire in March 2009. The exercise was conducted pursuant to a Rule 10b5-1 trading, which became effective on September 4, 2008.

6. There is no price for this derivative security.

7. The reporting person exercised 5,823 stock options which were granted to the reporting person in April 2000 and expire in April 2010. The exercise was conducted pursuant to a Rule 10b5-1 trading, which became effective on September 4, 2008.

Remarks:

	/s/ David Yawman, Attorney-in-Fact	03/24/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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