X0202 4 2005-01-31 0001089976 PACTIV CORP PTV 0001198549 MORRIS JAMES D 1900 W. FIELD COURT LAKE FOREST 60045 1 SVP, GM Prot. & Flex. Pkg Common Stock 2005-01-31 4 M 0 6000 0 A 34091 D Common Stock 2005-01-31 4 A 0 4890 0 A 38981 D Common Stock 2005-01-31 4 P 0 1064 19.6 A 40045 D Common Stock 2005-01-31 4 P 0 578 0 A 7515 I by 401K Common Stock 2005-01-31 4 F 0 4376 25.28 D 35669 D Common Stock 2005-01-31 4 D 0 6514 25.28 D 29155 D Performance Share Units 0 2005-01-31 4 M 0 6000 0 D 1988-08-08 1988-08-08 Common Stock 6000 0 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. James V. Faulkner, Jr., Power of Attorney 2005-02-02