YUM BRANDS INC — Director's Dealing 2020

Nov 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2020-11-06

Reporting Person: Gibbs David W (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-06	Common Stock	G	993	$100.70	Disposed	71288	Direct
2020-11-16	Common Stock	M	3768	$35.10	Acquired	75056	Direct
2020-11-16	Common Stock	D	1286	$102.87	Disposed	73770	Direct
2020-11-16	Common Stock	S	2482	$103.71	Disposed	71288	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-16	Stock Appreciation Right	$35.10	M	3768	Disposed	2021-02-04	Common Stock (3768)	Direct

Footnotes

F1: Pursuant to 10b5-1 Plan

F2: Vesting occurs on a quarterly basis beginning one year from grant date.