SEC Form 4 · accession 0001127602-15-034663
YUM BRANDS INC · YUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Gibbs
Officer — CEO, Pizza Hut
Period of report
Dec 18, 2015
Accepted (ET)
Dec 21, 2015 · 11:44 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041061
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 18, 2015 | M | 2,568 | $72.20 | A | 26,836 | D | |
| Common Stock | Dec 18, 2015 | F | 1,017 | $72.20 | D | 25,819 | D | |
| Common Stock | Dec 18, 2015 | M | 238 | $72.20 | A | 26,057 | D | |
| Common Stock | Dec 18, 2015 | F | 95 | $72.20 | D | 25,962 | D | |
| Common Stock | Dec 18, 2015 | M | 652 | $72.20 | A | 26,614 | D | |
| Common Stock | Dec 18, 2015 | F | 259 | $72.20 | D | 26,355 | D | |
| Common Stock | Dec 18, 2015 | M | 2,712 | $72.20 | A | 29,067 | D | |
| Common Stock | Dec 18, 2015 | F | 1,074 | $72.20 | D | 27,993 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2,F3 | — | Dec 18, 2015 | M | 2,568 | D | — | — | Common Stock | 2,568 | 645 | D |
| Phantom StockF1,F2,F3 | — | Dec 18, 2015 | M | 238 | D | — | — | Common Stock | 238 | 0 | D |
| Phantom StockF1,F2,F3 | — | Dec 18, 2015 | M | 652 | D | — | — | Common Stock | 652 | 1 | D |
| Phantom StockF1,F2,F4 | — | Dec 18, 2015 | M | 2,712 | D | — | — | Common Stock | 2,712 | 1,357 | D |
Explanation of responses
- F1Conversion occurs on a one-for-one basis.
- F2Payments are made in accordance with elections on file.
- F3The Program does not have specified expiration dates.
- F4Vesting occurs on a quarterly basis beginning one year from grant date.