SEC Form 4 · accession 0001127602-16-064792
YUM BRANDS INC · YUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Gibbs
Officer — President, CFO
Period of report
Oct 13, 2016
Accepted (ET)
Oct 14, 2016 · 1:00 pm EDT
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 | Oct 13, 2016 | M | 21,600 | $29.61 | A | 48,261 | D | |
| Common Stock | Oct 13, 2016 | D | 7,113 | $89.92 | D | 41,148 | D | |
| Common StockF1 | Oct 13, 2016 | S | 14,487 | $89.92 | D | 26,661 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2 | $29.61 | Oct 13, 2016 | M | 21,600 | D | Jan 19, 2008 | Jan 19, 2017 | Common Stock | 21,600 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple prices ranging from $89.88 to $89.97. The price reported above reflects the average price at which the transaction was effected.
- F2Vesting occurs on a quarterly basis beginning one year from grant date.