X0306 4 2015-12-31 0001011006 YAHOO INC YHOO 0000923738 SCHWAB CHARLES R C/O YAHOO! INC. 701 FIRST AVENUE SUNNYVALE CA 94089 1 Common Stock 2015-12-31 4 A 0 526 A 7831 D Common Stock 321616 I By The Charles & Helen Schwab Living Trust DTD 11/22/1985 These shares represent an automatic grant of restricted stock units under the Yahoo! Inc. Directors' Stock Plan (which permits directors to elect to receive payment of quarterly directors' fees in the form of restricted stock units). This grant was made in lieu of cash fees of $17,500.00. Each restricted stock unit represents the right to receive one share of Yahoo! Inc. common stock. These units are fully vested on the date of grant. Vested shares will generally be delivered on the earlier of the date the director's service terminates or the first anniversary of the date of grant, subject to any election by the reporting person to defer payment. /s/ Charles R. Schwab 2016-01-05