FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * LANGONE KENNETH G   2. Issuer Name and Ticker or Trading Symbol YUM BRANDS INC [YUM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O INVEMED ASSOCIATES, INC. 3. Date of Earliest Transaction (Month/Day/Year) 03/06/2012 (Street) NEW YORK, NY 10152 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/06/2012   M   4,530 A $ 29.6025 655,020 D   Common Stock 03/06/2012   M   3,510 A $ 38.615 658,530 D   Common Stock 03/06/2012   M   3,887 A $ 30.6 662,417 D   Common Stock 03/06/2012   M   3,679 A $ 33.06 666,096 D   Common Stock 03/06/2012   M   3,202 A $ 50.54 669,298 D   Common Stock 03/06/2012   M   2,871 A $ 52.62 672,169 D   Common Stock 03/06/2012   D   12,607 D $ 65.31 659,562 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$ 29.6025	03/06/2012		M			4,530	11/07/2007	11/07/2016	Common Stock	4,530	$ 0	0	D
Stock Appreciation Right	$ 38.615	03/06/2012		M			3,510	11/06/2008	11/06/2017	Common Stock	3,510	$ 0	0	D
Stock Appreciation Right	$ 30.6	03/06/2012		M			3,887	11/04/2009	11/04/2018	Common Stock	3,887	$ 0	0	D
Stock Appreciation Right	$ 33.06	03/06/2012		M			3,679	11/03/2009	11/03/2019	Common Stock	3,679	$ 0	0	D
Stock Appreciation Right	$ 50.54	03/06/2012		M			3,202	11/02/2010	11/02/2020	Common Stock	3,202	$ 0	0	D
Stock Appreciation Right	$ 52.62	03/06/2012		M			2,871	11/01/2011	11/01/2021	Common Stock	2,871	$ 0	0	D
Phantom Stock	(1)	03/06/2012		P		56.644		(2)	(3)	Common Stock	56.644	$ 65.48	3,504.3469	D
Phantom Stock	(1)	03/06/2012		P		88.4939		(2)	(3)	Common Stock	88.4939	$ 65.48	5,474.8037	D
Phantom Stock	(1)	03/06/2012		P		66.5495		(2)	(3)	Common Stock	66.5495	$ 65.48	4,117.1708	D
Phantom Stock	(1)	03/06/2012		P		73.7082		(2)	(3)	Common Stock	73.7082	$ 65.48	4,560.0571	D
Phantom Stock	(1)	03/06/2012		P		81.265		(2)	(3)	Common Stock	81.265	$ 65.48	5,027.5679	D
Phantom Stock	(1)	03/06/2012		P		60.0205		(2)	(3)	Common Stock	60.0205	$ 65.48	3,713.2496	D
Phantom Stock	(1)	03/06/2012		P		64.8395		(2)	(3)	Common Stock	64.8395	$ 65.48	4,554.0518	D
Phantom Stock	(1)	03/06/2012		P		58.9817		(4)	(3)	Common Stock	58.9817	$ 65.48	4,085.1007	D
Phantom Stock	(1)	03/06/2012		P		56.5159		(5)	(6)	Common Stock	56.5159	$ 65.48	3,496.4447	D
Phantom Stock	(1)	03/06/2012		P		12.8862		(4)	(3)	Common Stock	12.8862	$ 65.48	2,969.8862	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANGONE KENNETH G C/O INVEMED ASSOCIATES, INC. NEW YORK, NY 10152	X

Signatures

/s/ M. Gayle Hobson, POA		03/08/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Conversion occurs on a one-for-one basis.
(2)	Phantom Exercise Date
(3)	The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.
(4)	The phantom stock units are acrued under the YUM! Brands, Inc. Director Deferred Compensation Plan and will be settled in YUM! stock after directorship ceases.
(5)	Payments are made in accordance with elections on file.
(6)	The Program does not have specified expiration dates.

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