YUM BRANDS INC — Director's Dealing 2016

Jun 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2016-06-23

Reporting Person: Eaton Roger G. (CEO, KFC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-23	Common Stock	M	80314	$37.30	Acquired	110418	Direct
2016-06-23	Common Stock	D	54032	$85.50	Disposed	56386	Direct
2016-06-23	Common Stock	S	26282	$85.55	Disposed	30104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-23	Stock Appreciation Right	$37.30	M	80314	Disposed	2018-01-24	Common Stock (80314)	Direct

Footnotes

F1: Pursuant to 10b5-1 Plan