YUM BRANDS INC — Director's Dealing 2018

May 14, 2018

SEC Form 4/A — Form 4/A

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2016-07-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-15	Common Stock	M	133856	$37.30	Acquired	163960	Direct
2016-07-15	Common Stock	D	88904	$88.50	Disposed	75056	Direct
2016-07-15	Common Stock	S	44952	$88.53	Disposed	30104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-15	Stock Appreciation Right	$37.30	M	133856	Disposed	2018-01-24	Common Stock (133856)	Direct

Footnotes

F1: Pursuant to 10b5-1 Plan