YUM BRANDS INC — Director's Dealing 2010

Jul 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2010-07-23

Reporting Person: Eaton Roger G. (Chief Op and Dev Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-23	Common Stock	M	43796	$8.3913	Acquired	43796	Direct
2010-07-23	Common Stock	S	43796	$41.4	Disposed	0	Direct
2010-07-26	Common Stock	M	59000	$12.2038	Acquired	59000	Direct
2010-07-26	Common Stock	S	59000	$42.2157	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-23	Employee Stock Option (right to buy)	$8.3913	M	43796	Disposed	2011-01-25	Common Stock (43796)	Direct
2010-07-26	Employee Stock Option (right to buy)	$12.2038	M	59000	Disposed	2011-12-31	Common Stock (59000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $42.200 to $42.270. 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 price at which the transaction was effected.