SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

NOVAK DAVID C

(Last)

(First)

(Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE

40213

(City)

(State)

(Zip)

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
X	Officer (give title below)	Other (specify below)
	Chair CEO and Pres

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2005

4. If Amendment, Date of 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

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	05/02/2005	05/02/2005	M		41,830⁽¹⁾	A	$11.4086	68,057.08	D
Common Stock	05/02/2005	05/02/2005	M		33,170⁽¹⁾	A	$15.2031	101,227.08	D
Common Stock	05/02/2005	05/02/2005	S		779⁽¹⁾	D	$46.84	100,448.08	D
Common Stock	05/02/2005	05/02/2005	S		539⁽¹⁾	D	$46.85	99,909.08	D
Common Stock	05/02/2005	05/02/2005	S		60⁽¹⁾	D	$46.86	99,849.08	D
Common Stock	05/02/2005	05/02/2005	S		180⁽¹⁾	D	$46.87	99,669.08	D
Common Stock	05/02/2005	05/02/2005	S		839⁽¹⁾	D	$46.88	98,830.08	D
Common Stock	05/02/2005	05/02/2005	S		4,314⁽¹⁾	D	$46.89	94,516.08	D
Common Stock	05/02/2005	05/02/2005	S		9,588⁽¹⁾	D	$46.9	84,928.08	D
Common Stock	05/02/2005	05/02/2005	S		4,374⁽¹⁾	D	$46.91	80,554.08	D
Common Stock	05/02/2005	05/02/2005	S		3,775⁽¹⁾	D	$46.92	76,779.08	D
Common Stock	05/02/2005	05/02/2005	S		3,595⁽¹⁾	D	$46.93	73,184.08	D
Common Stock	05/02/2005	05/02/2005	S		2,577⁽¹⁾	D	$46.94	70,607.08	D
Common Stock	05/02/2005	05/02/2005	S		4,374⁽¹⁾	D	$46.95	66,233.08	D
Common Stock	05/02/2005	05/02/2005	S		2,457⁽¹⁾	D	$46.96	63,776.08	D
Common Stock	05/02/2005	05/02/2005	S		4,854⁽¹⁾	D	$46.97	58,922.08	D
Common Stock	05/02/2005	05/02/2005	S		5,273⁽¹⁾	D	$46.98	53,649.08	D
Common Stock	05/02/2005	05/02/2005	S		4,314⁽¹⁾	D	$46.99	49,335.08	D
Common Stock	05/02/2005	05/02/2005	S		4,075⁽¹⁾	D	$47	45,260.08	D
Common Stock	05/02/2005	05/02/2005	S		779⁽¹⁾	D	$47.01	44,481.08	D
Common Stock	05/02/2005	05/02/2005	S		839⁽¹⁾	D	$47.02	43,642.08	D
Common Stock	05/02/2005	05/02/2005	S		3,176⁽¹⁾	D	$47.03	40,466.08	D
Common Stock								220⁽²⁾	I	By Daughter

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$15.2031	05/02/2005	05/02/2005	M			33,170	11/03/2001	11/03/2007	Common Stock	33,170	$15.2031	493,038	D
Employee Stock Options (right to buy)	$11.4086	05/02/2005	05/02/2005	M			41,830⁽¹⁾	01/25/2000	01/25/2006	Common Stock	41,830	$11.4086	0.00	D

Explanation of Responses:

1. Shares exercised and sold pursuant to SEC 10b5-1 plan.

2. Represents transfer of shares to minor daughter

Remarks:

	David C. Novak	05/03/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.