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YUM BRANDS INC Director's Dealing 2011

Dec 9, 2011

30069_dirs_2011-12-09_a95ccc41-24ec-41d9-8ac6-0d800e0cf7b0.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: 2011-12-08

Reporting Person: HOLLAND ROBERT JR (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-12-08 Phantom Stock $ A 2957 Acquired Common Stock (2957) Direct

Footnotes

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

F2: The phantom stock units are acrued under the YUM! Brands, Inc. Director Deferred Compensation Plan and will be settled in YUM! stock after directorship ceases.

F3: The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.