YUM BRANDS INC — Director's Dealing 2014

Jun 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2014-06-09

Reporting Person: Pant Muktesh (CEO KFC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-09	Common Stock	M	12865	$26.5275	Acquired	25681	Direct
2014-06-09	Common Stock	S	12865	$80.0062	Disposed	12816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-09	Employee Stock Option (Right to Buy)	$26.5275	M	12865	Disposed	2015-07-21	Common Stock (12865)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1993.054	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan

F2: This transaction was executed in multiple trades at prices ranging from $80.00 to $80.03. 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.