YUM BRANDS INC — Director's Dealing 2014

Dec 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2014-12-15

Reporting Person: BYERLEIN HOLLAN ANNE (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-15	Common Stock	S	24779	$72.8341	Disposed	4	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1732.61	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $72.63 to $73.125. 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.