SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Starrs Artie

(Last)

(First)

(Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE

40213

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2019

3. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO - Pizza Hut

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	160	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	516.6622	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	1,294.6626	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	1,391.9623	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽⁴⁾	Common Stock	555.4916	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	41.5988	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽⁴⁾	Common Stock	210.4614	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	3,527.6034	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	1,175.8678	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	173.0554	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	5,435.1276	⁽³⁾	D
Phantom Stock	⁽¹⁾	⁽²⁾	Common Stock	1,811.7092	⁽³⁾	D
Stock Appreciation Right	02/05/2017⁽⁵⁾	02/05/2026	Common Stock	17,197	$49.66	D
Stock Appreciation Right	02/05/2015⁽⁵⁾	02/05/2024	Common Stock	6,175	$50.22	D
Stock Appreciation Right	02/06/2016⁽⁵⁾	02/06/2025	Common Stock	10,213	$52.64	D
Stock Appreciation Right	02/06/2019	02/06/2025	Common Stock	13,527	$52.64	D
Stock Appreciation Right	02/10/2018⁽⁵⁾	02/10/2027	Common Stock	38,733	$68	D
Stock Appreciation Right	02/12/2019⁽⁵⁾	02/12/2028	Common Stock	51,830	$78.07	D
Stock Appreciation Right	02/12/2022	02/12/2028	Common Stock	60,976	$78.07	D
Stock Appreciation Right	02/11/2020⁽⁵⁾	02/11/2029	Common Stock	42,779	$93.26	D

Explanation of Responses:

1. Payments are made in accordance with elections on file.

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

3. Conversion occurs on a one-for-one basis.

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

5. Vesting occurs 25% per year beginning one year from grant date.

	/s/ M. Gayle Hobson, POA	08/06/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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