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)
Code V Amount (A) or (D) Price
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  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 10.9688 07/28/2008 07/28/2008 M     4,560 11/02/1998 11/02/2008 Common Stock 4,560 $ 10.9688 0 D  
Stock Option (Right to Buy) $ 10.1797 07/28/2008 07/28/2008 M     4,912 11/01/1999 11/01/2009 Common Stock 4,912 $ 10.1797 0 D  
Stock Option (Right to Buy) $ 7.6175 07/28/2008 07/28/2008 M     6,564 11/07/2000 11/07/2010 Common Stock 6,564 $ 7.6175 0 D  
Stock Option (Right to Buy) $ 12.9 07/28/2008 07/28/2008 M     3,876 11/06/2001 11/06/2011 Common Stock 3,876 $ 12.9 0 D  
Stock Option (Right to Buy) $ 10.815 07/28/2008 07/28/2008 M     4,624 11/12/2002 11/12/2012 Common Stock 4,624 $ 10.815 0 D  
Stock Option (Right to Buy) $ 16.9275 07/28/2008 07/28/2008 M     3,546 11/04/2003 11/04/2013 Common Stock 3,546 $ 16.9275 0 D  
Stock Option (Right to Buy) $ 21.7775 07/28/2008 07/28/2008 M     2,756 11/02/2004 11/01/2014 Common Stock 2,756 $ 21.7775 0 D  
Stock Option (Right to Buy) $ 25.3125 07/28/2008 07/28/2008 M     5,056 11/01/2005 11/01/2015 Common Stock 5,056 $ 25.3125 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 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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