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YUM BRANDS INC Director's Dealing 2016

Feb 8, 2016

Director's Dealing

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

Reporting Person: Pant Muktesh (CEO China)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-05	Stock Appreciation Right	$69.76	A	210527	Acquired	2026-02-05	Common Stock (210527)	Direct

F1: Vesting occurs 25% per year beginning one year from grant date.