X0206 3 2016-01-01 0 0001041061 YUM BRANDS INC YUM 0001660119 Skeans Tracy L 1441 GARDINER LANE LOUISVILLE KY 40213 1 Chief People Officer Common Stock 4493.1722 I 401(k) Holdings Phantom Stock Common Stock 1147.1356 D Phantom Stock Common Stock 1694.9324 D Phantom Stock Common Stock 1394.9006 D Phantom Stock Common Stock 464.9669 D Stock Appreciation Right 29.29 2013-02-05 2019-02-05 Common Stock 846 D Stock Appreciation Right 32.98 2014-02-05 2020-02-05 Common Stock 1650 D Stock Appreciation Right 32.98 2015-02-05 2020-02-05 Common Stock 6152 D Stock Appreciation Right 38.02 2012-09-10 2018-09-10 Common Stock 1036 D Stock Appreciation Right 49.30 2015-02-04 2021-02-04 Common Stock 2750 D Stock Appreciation Right 49.30 2015-02-04 2021-02-04 Common Stock 4074 D Stock Appreciation Right 62.93 2014-02-06 2023-02-06 Common Stock 11442 D Stock Appreciation Right 64.44 2013-02-08 2022-02-08 Common Stock 9186 D Stock Appreciation Right 70.54 2015-02-05 2024-02-05 Common Stock 11691 D Stock Appreciation Right 70.54 2018-02-05 2024-02-05 Common Stock 13754 D Stock Appreciation Right 73.93 2016-02-06 2025-02-06 Common Stock 17119 D Payments are made in accordance with elections on file. The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates. Conversion occurs on a one-for-one basis. Vesting occurs 25% per year beginning one year from grant date. /s/ M. Gayle Hobson, POA 2016-01-12