YUM BRANDS INC — Director's Dealing 2011

May 3, 2011

SEC Form 4/A — Form 4/A

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2011-04-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-01	Common Stock	M	3477	$51.38	Acquired	3477	Direct
2011-04-01	Common Stock	F	1078	$51.38	Disposed	2399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-01	Phantom Stock	$	M	3477	Disposed		Common Stock (3477)	Direct

Footnotes

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

F2: Phantom Exercise Date

F3: The Program does not have specified expiration dates.