SEC Form 4 · accession 0001127602-17-005391

YUM BRANDS INC · YUM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO, Taco Bell

Period of report

Feb 10, 2017

Accepted (ET)

Feb 13, 2017 · 4:11 pm 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^F1	Feb 10, 2017	M	35,231	$28.22	A	36,910	D
Common Stock^F1,F2	Feb 10, 2017	D	23,293	$68.1757	D	13,617	D
Common Stock^F1,F3	Feb 10, 2017	S	11,938	$68.1734	D	1,679	D
Common Stock	holding	—	—		—	4,969	I	By 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Appreciation Right^F4	$68.00	Feb 10, 2017	A	70,423	A	—	Feb 10, 2027	Common Stock	70,423	70,423	D
Stock Appreciation Right^F1	$28.22	Feb 10, 2017	M	35,231	D	May 20, 2015	Feb 5, 2020	Common Stock	35,231	25,172	D

F1Pursuant to 10b5-1 Plan
F2This transaction was executed in multiple trades at prices ranging from $68.12 to $68.25. The price reported above reflects the average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3This transaction was executed in multiple trades at prices ranging from $68.11 to $68.24. The price reported above reflects the average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F4Vesting occurs 25% per year beginning one year from grant date.