SEC Form 4 · accession 0001127602-16-040130
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 5, 2016
Accepted (ET)
Feb 9, 2016 · 11:54 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 | May 1, 2015 | J | 941 | A | — | — | Common Stock | 941 | 211,934 | D |
| Restricted Stock UnitsF1 | $0.00 | Aug 7, 2015 | J | 992 | A | — | — | Common Stock | 992 | 212,925 | D |
| Restricted Stock UnitsF1 | $0.00 | Nov 6, 2015 | J | 1,375 | A | — | — | Common Stock | 1,375 | 214,300 | D |
| Stock Appreciation RightF2 | $69.76 | Feb 5, 2016 | A | 157,895 | A | — | Feb 5, 2026 | Common Stock | 157,895 | 157,895 | D |
| Phantom StockF3,F4,F5 | — | Feb 5, 2016 | A | 7,597 | A | — | — | Common Stock | 7,597 | 7,597 | D |
| Restricted Stock UnitsF1 | $0.00 | Feb 5, 2016 | J | 1,413 | A | — | — | Common Stock | 1,413 | 215,713 | 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.
- F3Conversion occurs on a one-for-one basis.
- F4Payments are made in accordance with elections on file.
- F5The Program does not have specified expiration dates.