Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Skeans Tracy L
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2016		 3. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [YUM]
(Last)
(First)
(Middle)
1441 GARDINER LANE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief People Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LOUISVILLE, KY 40213		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,493.1722
I
401(k) Holdings

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock   (1)   (2) Common Stock 1,147.1356 $ (3) D  
Phantom Stock   (1)   (2) Common Stock 1,694.9324 $ (3) D  
Phantom Stock   (1)   (2) Common Stock 1,394.9006 $ (3) D  
Phantom Stock   (1)   (2) Common Stock 464.9669 $ (3) D  
Stock Appreciation Right 02/05/2013 02/05/2019 Common Stock 846 $ 29.29 D  
Stock Appreciation Right 02/05/2014 02/05/2020 Common Stock 1,650 $ 32.98 D  
Stock Appreciation Right 02/05/2015 02/05/2020 Common Stock 6,152 $ 32.98 D  
Stock Appreciation Right 09/10/2012 09/10/2018 Common Stock 1,036 $ 38.02 D  
Stock Appreciation Right 02/04/2015 02/04/2021 Common Stock 2,750 $ 49.3 D  
Stock Appreciation Right 02/04/2015 02/04/2021 Common Stock 4,074 $ 49.3 D  
Stock Appreciation Right 02/06/2014(4) 02/06/2023 Common Stock 11,442 $ 62.93 D  
Stock Appreciation Right 02/08/2013(4) 02/08/2022 Common Stock 9,186 $ 64.44 D  
Stock Appreciation Right 02/05/2015(4) 02/05/2024 Common Stock 11,691 $ 70.54 D  
Stock Appreciation Right 02/05/2018 02/05/2024 Common Stock 13,754 $ 70.54 D  
Stock Appreciation Right 02/06/2016(4) 02/06/2025 Common Stock 17,119 $ 73.93 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Skeans Tracy L
1441 GARDINER LANE
LOUISVILLE, KY 40213		       Chief People Officer  

Signatures

/s/ M. Gayle Hobson, POA 01/12/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Payments are made in accordance with elections on file.
(2) The YUM! Brands, Inc. Executive Income Deferral Program does not have specified expiration dates.
(3) Conversion occurs on a one-for-one basis.
(4) Vesting occurs 25% per year beginning one year from grant date.

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