YUM BRANDS INC — Director's Dealing 2019

Jan 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2019-01-16

Reporting Person: Lowings Anthony (CEO, KFC Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-16	Common Stock	M	3248	$23.48	Acquired	35984	Direct
2019-01-16	Common Stock	D	1485	$90.39	Disposed	34499	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-16	Stock Appreciation Right	$23.48	M	3248	Disposed	2020-02-05	Common Stock (3248)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	902	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan