X0304 4 2012-03-01 0001041061 YUM BRANDS INC YUM 0001238486 BLUM JONATHAN DAVID 1441 GARDINER LANE LOUISVILLE KY 40213 1 SVP and Chief Public Affairs Common Stock 2012-03-01 4 M 0 9500 24.4675 A 31631 D Common Stock 2012-03-01 4 D 0 6131 66.10 D 25500 D Common Stock 2012-03-01 4 S 0 3369 66.08 D 22131 D Stock Appreciation Right 24.4675 2012-03-01 4 M 0 9500 0 D 2010-01-26 2016-01-26 Common Stock 9500 14658 D Pursuant to 10b5-1 Plan /s/ M. Gayle Hobson, POA 2012-03-02