SEC Form 4 · accession 0001127602-19-005351
YUM BRANDS INC · YUM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Eric Russell
Officer — Vice President, Controller
Period of report
Feb 11, 2019
Accepted (ET)
Feb 12, 2019 · 3:50 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 | $93.26 | Feb 11, 2019 | A | 16,387 | A | — | Feb 11, 2029 | Common Stock | 16,387 | 16,387 | D |
| Stock Appreciation Right | $93.26 | Feb 11, 2019 | A | 16,387 | A | Feb 11, 2023 | Feb 11, 2029 | Common Stock | 16,387 | 16,387 | D |
| Phantom StockF2,F3,F4 | — | Feb 11, 2019 | A | 3,618 | A | — | — | Common Stock | 3,618 | 3,618 | D |
| Phantom StockF2,F3,F4 | — | Feb 11, 2019 | A | 1,206 | A | — | — | Common Stock | 1,206 | 1,206 | 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.
- F4Phantom units accrued under the YUM! Brands, Inc. Executive Income Deferral Program do not have expiration dates.