YUM BRANDS INC — Director's Dealing 2015

Feb 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2015-02-10

Reporting Person: Creed Greg (Director, CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-10	Phantom Stock	$	P	3247.8949	Acquired		Common Stock (3247.8949)	Direct
2015-02-10	Phantom Stock	$	P	138.2045	Acquired		Common Stock (138.2045)	Direct
2015-02-10	Phantom Stock	$	P	2452.9822	Acquired		Common Stock (2452.9822)	Direct
2015-02-10	Phantom Stock	$	P	418.5244	Acquired		Common Stock (418.5244)	Direct
2015-02-10	Phantom Stock	$	P	1702.0589	Acquired		Common Stock (1702.0589)	Direct
2015-02-10	Phantom Stock	$	P	4089.5826	Acquired		Common Stock (4089.5826)	Direct
2015-02-10	Phantom Stock	$	P	1531.3348	Acquired		Common Stock (1531.3348)	Direct
2015-02-10	Phantom Stock	$	P	1419.7144	Acquired		Common Stock (1419.7144)	Direct

Footnotes

F1: Conversion occurs on a one-for-one basis.

F2: Payments are made in accordance with elections on file.

F3: The Program does not have specified expiration dates.