YUM BRANDS INC — Director's Dealing 2011

Feb 22, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2011-02-16

Reporting Person: Russell David Eric (Vice President, Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	888.85	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (324)		Direct
Phantom Stock	$		Common Stock (3477.1144)		Direct
Phantom Stock	$		Common Stock (4741.3887)		Direct
Phantom Stock	$		Common Stock (4998.0122)		Direct
Employee Stock Option (Right to Buy)	$17.23	2014-01-27	Common Stock (5568)		Direct
Employee Stock Option (Right to Buy)	$22.53	2015-01-28	Common Stock (6504)		Direct
Employee Stock Option (Right to Buy)	$24.1075	2015-11-18	Common Stock (20190)		Direct
Stock Appreciation Right	$49.30	2021-02-04	Common Stock (13137)		Direct
Stock Appreciation Right	$49.30	2021-02-04	Common Stock (10184)		Direct
Stock Appreciation Right	$24.4675	2016-01-26	Common Stock (6632)		Direct
Stock Appreciation Right	$29.61	2017-01-19	Common Stock (5816)		Direct
Stock Appreciation Right	$37.30	2018-01-24	Common Stock (8032)		Direct
Stock Appreciation Right	$29.29	2019-02-10	Common Stock (15393)		Direct
Stock Appreciation Right	$32.98	2020-02-05	Common Stock (13053)		Direct

Footnotes

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

F2: Phantom Exercise Date

F3: The Program does not have specified expiration dates.