X0306 4 2014-08-01 0001011006 YAHOO INC YHOO 0001218470 GOLDMAN KENNETH A C/O YAHOO! INC. 701 FIRST AVENUE SUNNYVALE CA 94089 1 Chief Financial Officer Common Stock 2014-08-01 4 M 0 7500 18.87 A 578673 D Common Stock 2014-08-01 4 S 0 7500 35.6308 D 571173 D Employee Stock Option (Right to Buy) 18.87 2014-08-01 4 M 0 7500 D 2019-11-29 Common Stock 7500 1156506 D This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in March 2014. This transaction was executed in multiple trades during the day at prices ranging from $35.61 to $35.70. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This performance-based stock option under the Yahoo! Inc. ("Company") Stock Plan vested as to 331,717 options on January 26, 2014, based on the Company's performance over the applicable performance period. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, up to one-half (1/2) of the remaining target amount of 839,789 options is scheduled to vest on each of January 26, 2015 and January 26, 2016 depending on the extent to which the Company meets certain financial performance goals. Not applicable. /s/ Ken Goldman 2014-08-05