YUM BRANDS INC — Director's Dealing 2011

Jul 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2011-07-15

Reporting Person: HOLLAND ROBERT JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-15	Common Stock	M	3876	$12.90	Acquired	61155	Direct
2011-07-15	Common Stock	S	2095	$55.4852	Disposed	59060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-15	Employee Stock Option (Right to Buy)	$12.90	M	3876	Disposed	2011-11-06	Common Stock (3876)	Direct