YUM BRANDS INC — Director's Dealing 2018

Feb 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2017-05-05

Reporting Person: Kesselman Marc L. (Chief Legal Officer and GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-05	Common Stock	M	4778	$79.80	Acquired	8308.94	Direct
2018-02-05	Common Stock	F	1181	$79.80	Disposed	7127.94	Direct
2018-02-05	Common Stock	M	173.2	$79.80	Acquired	7301.14	Direct
2018-02-05	Common Stock	F	43	$79.80	Disposed	7258.14	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-05	Restricted Stock Units	$	J	42.37	Acquired		Common Stock (42.37)	Direct
2017-08-04	Restricted Stock Units	$	J	39.3	Acquired		Common Stock (39.3)	Direct
2017-12-08	Restricted Stock Units	$	J	35.53	Acquired		Common Stock (35.53)	Direct
2018-02-05	Restricted Stock Units	$	M	4778	Disposed		Common Stock (4778)	Direct
2018-02-05	Restricted Stock Units	$	M	173.2	Disposed		Common Stock (173.2)	Direct

Footnotes

F1: Conversion occurs on a one-for-one basis.

F2: Vesting occurs 33% per year beginning one year from grant date.

F3: This grant does not have an expiration date.