YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

Taconic Capital Advisors LP's Holding History (CIK: 0001390113)

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

Q4 2015

Shares 205,000 Value ($000) $14,975 Avg Close $43.30 Range $39.32 - $49.50

Q2 2015

Shares 50,000 Value ($000) $4,504 Avg Close $51.97 Range $45.86 - $56.57

Q1 2015

Shares 50,000 Value ($000) $3,936 Avg Close $44.53 Range $40.49 - $48.61

Q4 2014

Shares 50,000 Value ($000) $3,643 Avg Close $42.23 Range $38.40 - $45.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	205,000	$14,975	$43.30	$39.32 - $49.50
Q2 2015	50,000	$4,504	$51.97	$45.86 - $56.57
Q1 2015	50,000	$3,936	$44.53	$40.49 - $48.61
Q4 2014	50,000	$3,643	$42.23	$38.40 - $45.85