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YUM BRANDS INC Director's Dealing 2012

Feb 7, 2012

30069_dirs_2012-02-07_bf09b9ac-0401-4359-85c4-9c4d751158db.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: 2012-02-06

Reporting Person: BYERLEIN HOLLAN ANNE (Chief People Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-06 Common Stock M 314.3372 $63.84 Acquired 42412.3372 Direct
2012-02-06 Common Stock F 314.3372 $63.84 Disposed 42098 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-02-06 Phantom Stock $ M 314.3372 Disposed Common Stock (314.3372) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1597.485 Indirect

Footnotes

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

F2: The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.