YUM BRANDS INC — Director's Dealing 2014

Oct 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2014-10-16

Reporting Person: HILL BONNIE GUITON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-16	Common Stock	M	2756	$21.7775	Acquired	5780	Direct
2014-10-16	Common Stock	S	1925	$66.45	Disposed	3855	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-16	Employee Stock Option (Right to Buy)	$21.7775	M	2756	Disposed	2014-11-02	Common Stock (2756)	Direct