Sec Form 4 Filing - LEWIS AYLWIN B @ YUM BRANDS INC - 2004-10-01

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
LEWIS AYLWIN B
2. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Pres CMBO and Op Off.
(Last) (First) (Middle)
YUM! BRANDS, INC., 1441 GARDINER LANE
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2004
(Street)
LOUISVILLE, KY40213
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 10/01/2004 10/01/2004 M 11,520 ( 1 ) A $ 11.4085 13,332.7 D
Common Stock 10/01/2004 10/01/2004 S 11,500 ( 1 ) D $ 40.1 1,832.7 D
Common Stock 10/01/2004 10/01/2004 S 20 ( 1 ) D $ 40.56 1,812.7 D
Common Stock 10/01/2004 10/01/2004 M 164 ( 1 ) A $ 13.7677 1,976.7 D
Common Stock 10/01/2004 10/01/2004 S 164 ( 1 ) D $ 40.56 1,812.7 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 Expiratio n Date
(MM/DD/YY)
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
Employee Stock Option (right to buy) $ 11.4085 10/01/2004 10/01/2004 M 11,520 ( 1 ) 01/25/2000 01/25/2006 Common Stock 11,520 $ 11.4085 0 D
Employee Stock Option (right to buy) $ 13.7677 10/01/2004 10/01/2004 M 164 ( 1 ) 07/01/2000 01/25/2006 Common Stock 164 $ 13.7677 57,036 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEWIS AYLWIN B
YUM! BRANDS, INC.
1441 GARDINER LANE
LOUISVILLE, KY40213
Pres CMBO and Op Off.
Signatures
Alywin B. Lewis 10/01/2004
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares exercised and sold pursuant to SEC 10b5-1 plan.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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