X0202 4 2005-01-31 0001089976 PACTIV CORP PTV 0001198548 SCHWAB JOHN N 1900 W. FIELD COURT LAKE FOREST 60045 1 SVP, GM, Cnsmr. Products Common Stock 2005-01-31 4 M 0 8000 0 A 37074 D Common Stock 2005-01-31 4 A 0 6520 0 A 43594 D Common Stock 2005-01-31 4 P 0 1064 19.6 A 44658 D Common Stock 2005-01-31 4 P 0 929 0 A 5606 I by 401K Common Stock 2005-01-31 4 F 0 6537 25.28 D 38121 D Common Stock 2005-01-31 4 D 0 7983 25.28 D 30138 D Performance Share Units 0 2005-01-31 4 M 0 8000 0 D 1988-08-08 1988-08-08 Common Stock 8000 0 D Stock Equivalent Units 0 2005-01-31 4 A 0 6754 0 A 1988-08-08 1988-08-08 Common Stock 6754 53005 D Settlement in stock of previously reported performance share units. Shares acquired in Reporting Person?s ESPP since date of the last report. Such plan meets requirements of Rule 16b-3. Shares acquired since last report under reporting person's 401(k) plan, purchased at prices between $20.46 and $24.78 per share. Shares withheld for payment of taxes arising from settlement. Avg. of high & low price of Pactiv common stock on Dec. 31, 2004, the valuation date for perf. share units settled in cash. Cash portion of settlement of performance share units. The performance share units convert into common stock on a one-for-one basis. The stock equivalent units convert into common stock on a one-for-one basis. Stock Equivalent Units acquired and held pursuant to the Pactiv Corporation Deferred Compensation Plan and are payable upon the holder?s death, termination of employment or service as a director, or at the time specified in the holder?s Deferral Election. James V. Faulkner, Jr., Power of Attorney 2005-02-02