X0306 4 2016-04-26 0001011006 YAHOO INC YHOO 0001185713 HILL RICHARD C/O YAHOO! INC. 701 FIRST AVENUE SUNNYVALE CA 94089 1 Common Stock 2016-04-26 4 A 0 1045 0 A 11074 D Common Stock 29 I By Anthony Residence Trust Common Stock 38 I By David Residence Trust Common Stock 33 I By spouse These shares represent restricted stock units granted automatically under the Yahoo! Inc. ("Yahoo") Directors' Stock Plan on the date the reporting person first became a director. Each restricted stock unit represents the contingent right to receive one share of Yahoo common stock. These units are scheduled to vest on June 24, 2016 (or, if earlier, the day before Yahoo's next annual meeting of shareholders), subject to the reporting person's continuous service as a director. Vested shares will generally be delivered on the earlier of the last vesting date and the date the director's service terminates, subject to any election by the reporting person to defer payment. /s/ Richard S. Hill 2016-04-28