Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DURKIN G MICHAEL JR
  2. Issuer Name and Ticker or Trading Symbol
PEPSIAMERICAS INC/IL/ [PAS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President, U.S.
(Last)
(First)
(Middle)
1475 EAST WOODFIELD ROAD, SUITE 1300
3. Date of Earliest Transaction (Month/Day/Year)
11/17/2009
(Street)

SCHAUMBURG, IL 60173-4980
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 11/17/2009   M   68,400 A $ 12.01 334,954 D  
Common Stock 11/17/2009   M   36,000 A $ 12.68 370,954 D  
Common Stock 11/17/2009   S   1,100 D $ 29.51 369,854 D  
Common Stock 11/17/2009   S   2,800 D $ 29.52 367,054 D  
Common Stock 11/17/2009   S   1,244 D $ 29.53 365,810 D  
Common Stock 11/17/2009   S   4,656 D $ 29.535 361,154 D  
Common Stock 11/17/2009   S   800 D $ 29.537 360,354 D  
Common Stock 11/17/2009   S   1,600 D $ 29.538 358,754 D  
Common Stock 11/17/2009   S   2,600 D $ 29.54 356,154 D  
Common Stock 11/17/2009   S   1,500 D $ 29.545 354,654 D  
Common Stock 11/17/2009   S   100 D $ 29.548 354,554 D  
Common Stock 11/17/2009   S   3,102 D $ 29.56 351,452 D  
Common Stock 11/17/2009   S   20,900 D $ 29.565 330,552 D  
Common Stock 11/17/2009   S   9,469 D $ 29.57 321,083 D  
Common Stock 11/17/2009   S   16,700 D $ 29.575 304,383 D  
Common Stock 11/17/2009   S   2,400 D $ 29.577 301,983 D  
Common Stock 11/17/2009   S   129 D $ 29.578 301,854 D  
Common Stock 11/17/2009   S   11,500 D $ 29.58 290,354 D  
Common Stock 11/17/2009   S   5,100 D $ 29.585 285,254 D  
Common Stock 11/17/2009   S   16,300 D $ 29.59 268,954 D  
Common Stock 11/17/2009   S   1,000 D $ 29.595 267,954 D  
Common Stock 11/17/2009   S   1,400 D $ 29.6 266,554 (1) D  

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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 Underlying Securities
(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 of Derivative Security: 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
Stock Option (right to buy) $ 12.01 11/17/2009   M     68,400   (2) 02/26/2013 Common Stock 68,400 $ 0 0 D  
Stock Option (right to buy) $ 12.68 11/17/2009   M     36,000   (3) 02/21/2012 Common Stock 36,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DURKIN G MICHAEL JR
1475 EAST WOODFIELD ROAD
SUITE 1300
SCHAUMBURG, IL 60173-4980
      Executive Vice President, U.S.  

Signatures

 /s/ Brian D. Wenger, attorney-in-fact   11/18/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes shares underlying the following restricted stock awards: (a) 80,886 shares under an award granted on February 26, 2009, which vests in its entirety on February 26, 2012; (b) 48,098 shares under an award granted on February 28, 2008, which vests in its entirety on February 28, 2011, and (c) 43,500 shares under an award granted on February 22, 2007, which vests in its entirety on February 22, 2010.
(2) This option vested in three equal annual installments commencing on February 26, 2004.
(3) This option vested in three equal annual installments commencing on February 21, 2003.

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