YUM BRANDS INC — Director's Dealing 2020

Dec 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2020-12-15

Reporting Person: Starrs Artie (CEO - Pizza Hut)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-15	Common Stock	M	695	$105.50	Acquired	7437	Direct
2020-12-15	Common Stock	F	258	$105.50	Disposed	7179	Direct
2020-12-15	Common Stock	M	277	$105.50	Acquired	7456	Direct
2020-12-15	Common Stock	F	103	$105.50	Disposed	7353	Direct
2020-12-15	Common Stock	M	3527	$105.50	Acquired	10880	Direct
2020-12-15	Common Stock	F	1305	$105.50	Disposed	9575	Direct
2020-12-15	Common Stock	M	1175	$105.50	Acquired	10750	Direct
2020-12-15	Common Stock	F	435	$105.50	Disposed	10315	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-15	Phantom Stock	$	M	695	Disposed		Common Stock (695)	Direct
2020-12-15	Phantom Stock	$	M	277	Disposed		Common Stock (277)	Direct
2020-12-15	Phantom Stock	$	M	3527	Disposed		Common Stock (3527)	Direct
2020-12-15	Phantom Stock	$	M	1175	Disposed		Common Stock (1175)	Direct

Footnotes

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

F2: Payments are made in accordance with elections on file.

F3: Phantom units accrued under the YUM! Brands, Inc. Executive Income Deferral Program do not have expiration dates.

F4: The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.