YUM BRANDS INC — Director's Dealing 2010

Feb 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2010-02-05

Reporting Person: NOVAK DAVID C (Director, Chair CEO and Pres)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-05	Restricted Stock Units	$0	J	5699.89	Acquired		Common Stock (5699.89)	Direct
2010-02-05	Stock Appreciation Right	$32.98	A	632925	Acquired	2020-02-05	Common Stock (632925)	Direct

Footnotes

F1: The restricted stock units vest four years from grant date. Vested shares will be delivered to the reporting person six months from his retirement from YUM! Brands, Inc.

F2: Each restricted stock unit represents a contingent right to receive one share of YUM! Brands, Inc. common stock.

F3: Units acquired pursuant to Rule 16a-11 exemption. The reported holdings include units acquired in unreported divident reinvestment transactions.

F4: Vesting occurs 25% per year beginning 02/05/2011.