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YUM BRANDS INC Director's Dealing 2011

Aug 23, 2011

30069_dirs_2011-08-23_05329f35-bd7a-4b22-a2f3-43144e22743e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2011-08-19

Reporting Person: Allan Graham D (CEO - YRI)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-08-19 Common Stock M 15316 $13.2775 Acquired 443542 Direct
2011-08-19 Common Stock M 34284 $12.2038 Acquired 477826 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-08-19 Employee Stock Option (Right to Buy) $13.2775 M 15316 Disposed 2012-01-24 Common Stock (15316) Direct
2011-08-19 Employee Stock Option (Right to Buy) $12.2038 M 34284 Disposed 2011-12-31 Common Stock (34284) Direct