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YUM BRANDS INC Director's Dealing 2014

Feb 11, 2014

Director's Dealing

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Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2014-02-10

Reporting Person: Grismer Patrick J (Chief Financial Officer)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-10	Phantom Stock	$	F	318.1379	Disposed		Common Stock (318.1379)	Direct

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

F2: Payments are made in accordance with elections on file.

F3: The Program does not have specified expiration dates.