YUM BRANDS INC — Director's Dealing 2020

Nov 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2020-11-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-09	Common Stock	M	11220	$44.81	Acquired	20206	Direct
2020-11-09	Common Stock	D	7833	$103.00	Disposed	12373	Direct
2020-11-09	Common Stock	S	3387	$104.02	Disposed	8986	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-09	Stock Appreciation Right	$44.81	M	11220	Disposed	2023-02-06	Common Stock (11220)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	851	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan

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