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YUM BRANDS INC Director's Dealing 2014

Feb 6, 2014

Director's Dealing

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Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2014-02-05

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

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-05	Stock Appreciation Right	$70.54	A	13754	Acquired	2024-02-05	Common Stock (13754)	Direct
2014-02-05	Phantom Stock	$	A	1617.06	Acquired		Common Stock (1617.06)	Direct

F1: Vesting occurs on a quarterly basis beginning one year from grant date.

F2: Conversion occurs on a one-for-one basis.

F3: Payments are made in accordance with elections on file.

F4: The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.