Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
HULBERT JAY S
 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)
Sr VP, Worldwide Supply Chain
(Last)
(First)
(Middle)

1475 EAST WOODFIELD ROAD, SUITE 1300		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
01/03/2004
(Street)


SCHAUMBURG, IL 60173-4980		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             64,957.212 (1) D  
Common Stock             907.993 I By 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock   01/31/2003   A4 292.108     (2)   (2) Common Stock
292.108
$ 9.58 292.108
D
 
Phantom Stock   02/04/2003   A4 31.58     (2)   (2) Common Stock
31.58
$ 9.6 323.688
D
 
Phantom Stock   02/19/2003   A4 39.935     (2)   (2) Common Stock
39.935
$ 9.2 363.623
D
 
Phantom Stock   03/04/2003   A4 35.179     (2)   (2) Common Stock
35.179
$ 8.78 398.802
D
 
Phantom Stock   03/19/2003   A4 37.137     (2)   (2) Common Stock
37.137
$ 9.13 435.939
D
 
Phantom Stock   04/01/2003   A4 44.476     (2)   (2) Common Stock
44.476
$ 8.96 480.415
D
 
Phantom Stock   04/15/2003   A4 46.123     (2)   (2) Common Stock
46.123
$ 8.64 526.538
D
 
Phantom Stock   04/29/2003   A4 43.457     (2)   (2) Common Stock
43.457
$ 9.17 569.995
D
 
Phantom Stock   05/13/2003   A4 42.349     (2)   (2) Common Stock
42.349
$ 9.41 612.344
D
 
Phantom Stock   06/03/2003   A4 41.167     (2)   (2) Common Stock
41.167
$ 9.68 653.511
D
 
Phantom Stock   06/18/2003   A4 41.338     (2)   (2) Common Stock
41.338
$ 9.64 694.849
D
 
Phantom Stock   07/01/2003   A4 41.083     (2)   (2) Common Stock
41.083
$ 9.7 735.932
D
 
Phantom Stock   07/15/2003   A4 40.957     (2)   (2) Common Stock
40.957
$ 9.73 776.889
D
 
Phantom Stock   07/29/2003   A4 39.809     (2)   (2) Common Stock
39.809
$ 10.01 816.698
D
 
Phantom Stock   08/20/2003   A4 39.495     (2)   (2) Common Stock
39.495
$ 10.09 856.193
D
 
Phantom Stock   09/03/2003   A4 38.541     (2)   (2) Common Stock
38.541
$ 10.34 894.734
D
 
Phantom Stock   09/16/2003   A4 36.83     (2)   (2) Common Stock
36.83
$ 10.82 931.564
D
 
Phantom Stock   09/30/2003   A4 37.036     (2)   (2) Common Stock
37.036
$ 10.76 968.6
D
 
Phantom Stock   10/15/2003   A4 35.675     (2)   (2) Common Stock
35.675
$ 11.17 1,004.275
D
 
Phantom Stock   11/04/2003   A4 36.194     (2)   (2) Common Stock
36.194
$ 11.01 1,040.469
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HULBERT JAY S
1475 EAST WOODFIELD ROAD
SUITE 1300
SCHAUMBURG, IL 60173-4980		       Sr VP, Worldwide Supply Chain  

Signatures

/s/ Brian D. Wenger, attorney-in-fact 03/10/2006
**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 198.212 shares acquired under the PepsiAmericas, Inc. dividend reinvestment program, and shares underlying the following restricted stock awards: (a) 9,400 shares under an award granted on February 16, 2004, which vests in its entirety on February 16, 2007, (b) 21,525 shares under an award granted on February 24, 2005, which vests in its entirety on February 24, 2008, and (c) 20,500 shares under an award granted on February 23, 2006, which vests in its entirety on February 23, 2009.
(2) Although each phantom stock unit purchased by the reporting person under the issuer's executive deferred compensation plan may only be settled in cash, each such unit is the economic equivalent of approximately one share of common stock.

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