YUM BRANDS INC — Director's Dealing 2015

Oct 20, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2015-10-16

Reporting Person: Meister Keith A. (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21040195	Indirect

Footnotes

F1: These securities are held for the account of certain private investment funds for which Corvex Management LP, a Delaware limited partnership ("Corvex"), acts as investment adviser, including Corvex Master Fund, LP, a Cayman Islands limited partnership, the general partner of which is controlled by the Reporting Person. The general partner of Corvex is controlled by the Reporting Person.

F2: The Reporting Person disclaims beneficial ownership of these securities except to the extent of the Reporting Person's pecuniary interest in the securities.