YUM BRANDS INC — Director's Dealing 2017

Feb 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2017-02-10

Reporting Person: Skeans Tracy L (Chief People Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Stock Appreciation Right	$68.00	A	38733	Acquired	2027-02-10	Common Stock (38733)	Direct

Footnotes

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