Edgar Filing: YUM BRANDS INC

Ownership Submission

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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(Print or Type Responses)

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)

375 PARK AVENUE, STE 2205

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2008

(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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/28/2008	07/28/2008	P		7,778	A	$ 33.74	614,106	D
Common Stock	07/28/2008	07/28/2008	M		4,560	A	$ 10.9688	618,666	D
Common Stock	07/28/2008	07/28/2008	M		4,912	A	$ 10.1797	623,578	D
Common Stock	07/28/2008	07/28/2008	M		6,564	A	$ 7.6175	630,142	D
Common Stock	07/28/2008	07/28/2008	M		3,876	A	$ 12.9	634,018	D
Common Stock	07/28/2008	07/28/2008	M		4,624	A	$ 10.815	638,642	D
Common Stock	07/28/2008	07/28/2008	M		3,546	A	$ 16.9275	642,188	D
Common Stock	07/28/2008	07/28/2008	M		2,756	A	$ 21.7775	644,944	D
Common Stock	07/28/2008	07/28/2008	M		5,056	A	$ 25.3125	650,000	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 10.9688

07/28/2008

4,560

11/02/1998

11/02/2008

Common Stock

4,560

$ 10.9688

Stock Option (Right to Buy)

$ 10.1797

07/28/2008

4,912

11/01/1999

11/01/2009

Common Stock

4,912

$ 10.1797

Stock Option (Right to Buy)

$ 7.6175

07/28/2008

6,564

11/07/2000

11/07/2010

Common Stock

6,564

$ 7.6175

Stock Option (Right to Buy)

$ 12.9

07/28/2008

3,876

11/06/2001

11/06/2011

Common Stock

3,876

$ 12.9

Stock Option (Right to Buy)

$ 10.815

07/28/2008

4,624

11/12/2002

11/12/2012

Common Stock

4,624

$ 10.815

Stock Option (Right to Buy)

$ 16.9275

07/28/2008

3,546

11/04/2003

11/04/2013

Common Stock

3,546

$ 16.9275

Stock Option (Right to Buy)

$ 21.7775

07/28/2008

2,756

11/02/2004

11/01/2014

Common Stock

2,756

$ 21.7775

Stock Option (Right to Buy)

$ 25.3125

07/28/2008

5,056

11/01/2005

11/01/2015

Common Stock

5,056

$ 25.3125

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LANGONE KENNETH G 375 PARK AVENUE STE 2205 NEW YORK, NY 10152	X

Signatures

Kenneth G. Langone		07/29/2008
^**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).

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