YUM BRANDS INC — Director's Dealing 2016

Feb 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2016-02-05

Reporting Person: su Jingshyh S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-01	Restricted Stock Units	$0	J	839.58	Acquired		Common Stock (839.58)	Direct
2015-08-07	Restricted Stock Units	$0	J	884.62	Acquired		Common Stock (884.62)	Direct
2015-11-06	Restricted Stock Units	$0	J	1226.27	Acquired		Common Stock (1226.27)	Direct
2016-02-05	Phantom Stock	$	A	1679.6266	Acquired		Common Stock (1679.6266)	Direct
2016-02-05	Restricted Stock Units	$0	J	1260.37	Acquired		Common Stock (1260.37)	Direct

Footnotes

F1: The restricted stock units vest five years from grant date. Vested units will be delivered in shares to the reporting person twelve months following his retirement from YUM! Brands, Inc.

F2: Conversion occurs on a one-for-one basis.

F3: Payments are made in accordance with elections on file.

F4: The Program does not have specified expiration dates.