YUM BRANDS INC — Director's Dealing 2012

Dec 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2012-12-11

Reporting Person: GRISSOM J DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-11	Common Stock	M	2756	$21.7775	Acquired	74370.24	Direct
2012-12-11	Common Stock	M	5056	$25.3125	Acquired	79426.24	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-11	Employee Stock Option (Right to Buy)	$21.7775	M	2756	Disposed	2014-11-02	Common Stock (2756)	Direct
2012-12-11	Employee Stock Option (Right to Buy)	$25.3125	M	5056	Disposed	2015-11-01	Common Stock (5056)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Indirect
Common Stock	5400	Indirect
Common Stock	10600	Indirect