YUM BRANDS INC — Director's Dealing 2016

Apr 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2016-03-31

Reporting Person: Eaton Roger G. (President KFC Global and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-31	Common Stock	M	20873	$29.61	Acquired	50977	Direct
2016-03-31	Common Stock	D	7492	$82.50	Disposed	43485	Direct
2016-03-31	Common Stock	S	13381	$82.51	Disposed	30104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-31	Stock Appreciation Right	$29.61	M	20873	Disposed	2017-01-19	Common Stock (20873)	Direct

Footnotes

F1: Pursuant to 10b5-1 Plan