YUM BRANDS INC — Director's Dealing 2010

Oct 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2010-10-07

Reporting Person: FERRAGAMO MASSIMO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-07	Common Stock	M	6564	$7.6175	Acquired	46808	Direct
2010-10-07	Common Stock	S	2320	$47.4869	Disposed	44488	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-07	Employee Stock Option (Right to Buy)	$7.6175	M	6564	Disposed	2010-11-07	Common Stock (6564)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $47.48 to $47.49. The price reported above reflects the average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.