YUM BRANDS INC — Director's Dealing 2013

May 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2013-05-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-01	Common Stock	S	2686	$67.8655	Disposed	3265	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	920.1189	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $67.86 to $67.875. 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 and prices at which the transaction was effected.