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YUM BRANDS INC Director's Dealing 2012

Dec 11, 2012

30069_dirs_2012-12-11_a20c79ef-3949-4042-8e2d-65ccc3e55f87.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: 2012-12-10

Reporting Person: BYERLEIN HOLLAN ANNE (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-10	Common Stock	S	42098	$66.3557	Disposed	7474.58	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1652.0775	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $66.05 to $66.84. The price reported above reflects the average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares at prices at which the transaction was effected.