SEC Form 4 · accession 0001127602-15-005126
YUM BRANDS INC · YUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Novak
Officer — Executive Chairman · Director
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 10:55 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041061
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 7, 2014 | J | 1,060 | A | — | — | Common Stock | 1,060 | 206,562 | D |
| Restricted Stock UnitsF1 | $0.00 | May 2, 2014 | J | 1,003 | A | — | — | Common Stock | 1,003 | 207,565 | D |
| Restricted Stock UnitsF1 | $0.00 | Aug 1, 2014 | J | 1,090 | A | — | — | Common Stock | 1,090 | 208,655 | D |
| Restricted Stock UnitsF1 | $0.00 | Nov 7, 2014 | J | 1,174 | A | — | — | Common Stock | 1,174 | 209,829 | D |
| Stock Appreciation RightF2 | $73.93 | Feb 6, 2015 | A | 136,034 | A | — | Feb 5, 2025 | Common Stock | 136,034 | 136,034 | D |
| Restricted Stock UnitsF1 | $0.00 | Feb 6, 2015 | J | 1,164 | A | — | — | Common Stock | 1,164 | 210,992 | D |
Explanation of responses
- F1The restricted stock units vest four years from grant date. Vested shares will be delivered to the reporting person six months from his retirement from YUM! Brands, Inc.
- F2Vesting occurs 25% per year beginning one year from grant date.