YUM BRANDS INC — Director's Dealing 2019

Mar 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2019-03-15

Reporting Person: Russell David Eric (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-15	Common Stock	M	12876	$23.48	Acquired	23653	Direct
2019-03-15	Common Stock	D	7004	$100.00	Disposed	16649	Direct
2019-03-15	Common Stock	S	5872	$100.00	Disposed	10777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-15	Stock Appreciation Right	$23.48	M	12876	Disposed	2020-02-05	Common Stock (12876)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1017	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan