YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q2 2017

Shares 106,830 Value ($000) $7,880 Avg Close $59.63 Range $53.91 - $64.68

Q1 2016

Shares 125,000 Value ($000) $10,231 Avg Close $43.79 Range $38.78 - $49.61

Q2 2015

Shares 307,499 Value ($000) $27,700 Avg Close $51.97 Range $45.86 - $56.57

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	106,830	$7,880	$59.63	$53.91 - $64.68
Q1 2016	125,000	$10,231	$43.79	$38.78 - $49.61
Q2 2015	307,499	$27,700	$51.97	$45.86 - $56.57