YUM BRANDS INC — Director's Dealing 2020

Mar 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2020-03-11

Reporting Person: Lowings Anthony (CEO-KFC Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-11	Common Stock	M	7154	$35.10	Acquired	52514	Direct
2020-03-11	Common Stock	D	2894	$86.78	Disposed	49620	Direct
2020-03-11	Common Stock	S	4260	$83.91	Disposed	45360	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-11	Stock Appreciation Right	$35.10	M	7154	Disposed	2021-02-04	Common Stock (7154)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	863	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan