X0306 4 2017-05-04 0001041061 YUM BRANDS INC YUM 0001628588 Niccol Brian R 1 GLEN BELL WAY IRVINE CA 92618 1 CEO, Taco Bell Common Stock 2017-05-04 4 M 0 5033 28.22 A 6712 D Common Stock 2017-05-04 4 D 0 3627 67.98 D 3085 D Common Stock 2017-05-04 4 S 0 1406 68.0571 D 1679 D Common Stock 2017-05-04 4 M 0 5033 28.22 A 6712 D Common Stock 2017-05-04 4 D 0 3627 67.98 D 3085 D Common Stock 2017-05-04 4 S 0 1406 67.99 D 1679 D Common Stock 2017-05-04 4 M 0 5033 28.22 A 6712 D Common Stock 2017-05-04 4 D 0 3627 67.95 D 3085 D Common Stock 2017-05-04 4 S 0 1406 67.99 D 1679 D Common Stock 4969.49 I By 401(k) Plan Stock Appreciation Right 28.22 2017-05-04 4 M 0 5033 0 D 2015-05-20 2020-02-05 Common Stock 5033 20139 D Stock Appreciation Right 28.22 2017-05-04 4 M 0 5033 0 D 2015-05-20 2020-02-05 Common Stock 5033 15106 D Stock Appreciation Right 28.22 2017-05-04 4 M 0 5033 0 D 2015-05-20 2020-02-05 Common Stock 5033 10073 D Pursuant to 10b5-1 Plan /s/ M. Gayle Hobson, POA 2017-05-08