1. Name and Address of Reporting Person * Grismer Patrick J	2. Date of Event Requiring Statement (MM/DD/YYYY) 5/1/2012	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 Financial Officer /
(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	6240	I	401(k) Plan
Common Stock	1600	I	Family Trust
Common Stock	8500	I	Individual Retirement Account
Common Stock	1500	I	Personal Trust

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
Phantom Stock	(2)	(3)	Common Stock	9126.6294	(1)	D
Employee Stock Option (Right to Buy)	1/28/2006	1/28/2015	Common Stock	10840	$22.53	D
Employee Stock Option (Right to Buy)	11/18/2006	11/18/2015	Common Stock	20190	$24.1075	D
Stock Appreciation Right	1/26/2007	1/26/2016	Common Stock	18856	$24.4675	D
Stock Appreciation Right	2/5/2010	2/5/2019	Common Stock	33830	$29.29	D
Stock Appreciation Right	1/19/2008	1/19/2017	Common Stock	19938	$29.61	D
Stock Appreciation Right	2/5/2011	2/5/2020	Common Stock	34424	$32.98	D
Stock Appreciation Right	2/5/2014	2/5/2020	Common Stock	43030	$32.98	D
Stock Appreciation Right	5/17/2008	5/17/2017	Common Stock	16262	$33.2025	D
Stock Appreciation Right	5/21/2013	5/21/2019	Common Stock	15853	$33.21	D
Stock Appreciation Right	1/24/2009	1/24/2018	Common Stock	20079	$37.30	D
Stock Appreciation Right	2/4/2012	2/4/2021	Common Stock	24440	$49.30	D
Stock Appreciation Right	2/8/2013	2/8/2022	Common Stock	33102	$64.44	D

Explanation of Responses:
(1)	Conversion occurs on a one-for-one basis.
(2)	Payments are made in accordance with elections on file.
(3)	The Program does not have specified expiration dates.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Grismer Patrick J 1441 GARDINER LANE LOUISVILLE, KY 40213			Chief Financial Officer

Signatures
/s/ M. Gayle Hobson, POA		5/4/2012
** 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.