1. Name and Address of Reporting Person * Lowings Anthony	2. Date of Event Requiring Statement (MM/DD/YYYY) 1/1/2019	3. Issuer Name and Ticker or Trading Symbol YUM BRANDS INC [YUM]
(Last)        (First)        (Middle) 1441GARDINER LANE	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            _____ 10% Owner ___ X ___ Officer (give title below)          _____ Other (specify below) CEO, KFC Division /
(Street) LOUISVILLE, KY 40213        (City)              (State)              (Zip)	5. If Amendment, Date Original Filed (MM/DD/YYYY)	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 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	32736	D
Common Stock	902	I	401(k) Plan

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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
Stock Appreciation Right	2/5/2010	2/5/2019	Common Stock	3761	$20.85	D
Phantom Stock	(1)	(2)	Common Stock	1668.8571	(3)	D
Phantom Stock	(1)	(2)	Common Stock	240.3815	(3)	D
Stock Appreciation Right	2/5/2011	2/5/2020	Common Stock	25994	$23.48	D
Stock Appreciation Right	2/4/2015	2/4/2021	Common Stock	14308	$35.10	D
Stock Appreciation Right	2/4/2012	2/4/2021	Common Stock	25754	$35.10	D
Stock Appreciation Right	2/6/2014	2/6/2023	Common Stock	15978	$44.81	D
Stock Appreciation Right	2/8/2013	2/8/2022	Common Stock	20935	$45.88	D
Stock Appreciation Right	2/5/2017   (4)	2/5/2026	Common Stock	34288	$49.66	D
Stock Appreciation Right	2/5/2014	2/5/2024	Common Stock	19329	$50.22	D
Stock Appreciation Right	2/5/2018	2/5/2024	Common Stock	19329	$50.22	D
Stock Appreciation Right	2/6/2015	2/6/2025	Common Stock	19264	$52.64	D
Stock Appreciation Right	2/6/2019	2/6/2025	Common Stock	19264	$52.64	D
Stock Appreciation Right	2/10/2018   (4)	2/10/2027	Common Stock	30884	$68.00	D
Stock Appreciation Right	2/12/2019   (4)	2/12/2028	Common Stock	24199	$78.07	D

Explanation of Responses:
(1)	Payments are made in accordance with elections on file.
(2)	The 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.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Lowings Anthony 1441GARDINER LANE LOUISVILLE, KY 40213			CEO, KFC Division

Signatures
/s/ M. Gayle Hobson, POA		1/3/2019
** 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 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).
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 control number.