YUM BRANDS INC — Director's Dealing 2010

Dec 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2010-12-09

Reporting Person: RYAN THOMAS M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-09	Phantom Stock	$	A	3423.27	Acquired		Common Stock (3423.27)	Direct
2010-12-09	Phantom Stock	$	A	201.36	Acquired		Common Stock (201.36)	Direct

Footnotes

F1: Conversion occurs on a one-for-one basis.

F2: Payments are made in accordance with elections on file.

F3: The Program does not have specified expiration dates.

F4: This Program does not have specified Expiration Dates.