YUM BRANDS INC — Director's Dealing 2013

Oct 11, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2013-10-10

Reporting Person: HILL BONNIE GUITON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-10	Common Stock	M	3546	$16.9275	Acquired	5294	Direct
2013-10-10	Common Stock	S	2270	$65.933	Disposed	3024	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-10	Employee Stock Option (Right to Buy)	$16.9275	M	3546	Disposed	2013-11-04	Common Stock (3546)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $65.90 to $65.96. 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.