YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

Owl Creek Asset Management, L.P.'s Holding History (CIK: 0001313756)

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

Q4 2015

Shares 182,005 Value ($000) $13,296 Avg Close $43.30 Range $39.32 - $49.50

Q3 2015

Shares 1,389,767 Value ($000) $111,112 Avg Close $49.86 Range $42.30 - $54.52

Q2 2015

Shares 1,296,709 Value ($000) $116,808 Avg Close $51.97 Range $45.86 - $56.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	182,005	$13,296	$43.30	$39.32 - $49.50
Q3 2015	1,389,767	$111,112	$49.86	$42.30 - $54.52
Q2 2015	1,296,709	$116,808	$51.97	$45.86 - $56.57