SEC Form 4 · accession 0001127602-16-040006
YUM BRANDS INC · YUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian R Niccol
Officer — CEO, Taco Bell
Period of report
Feb 5, 2016
Accepted (ET)
Feb 8, 2016 · 2:48 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $69.76 | Feb 5, 2016 | A | 78,948 | A | — | Feb 5, 2026 | Common Stock | 78,948 | 78,948 | D |
| Stock Appreciation Right | $69.76 | Feb 5, 2016 | A | 35,088 | A | Feb 5, 2021 | Feb 5, 2026 | Common Stock | 35,088 | 35,088 | D |
| Phantom StockF2,F3,F4 | — | Feb 5, 2016 | F | 656 | D | — | — | Common Stock | 656 | 16,509 | D |
Explanation of responses
- F1Vesting occurs 25% per year beginning one year from grant date.
- F2Conversion occurs on a one-for-one basis.
- F3Payments are made in accordance with elections on file.
- F4The Program does not have specified expiration dates.