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YUM! BRANDS, INC.-2014Proxy Statement 49
Proxy Statement
EXECUTIVE COMPENSATION
Name Grant Date
Option/SAR Awards(1) Stock Awards Equity
incentive
plan awards:
Number of
unearned
shares, units
or other rights
that have not
vested
(#)(4)
Equity incentive
plan awards:
market or
payout value
of unearned
shares, units
or other rights
that have not
vested
($)(3)
Number of
Securities
Underlying
Unexercised
Options/
SARs (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options/SARs
(#)
Unexercisable
Option/
SAR
Exercise
Price
($)
Option/
SAR
Expiration
Date
Number
of Shares
or Units
of Stock
That
Have Not
Vested
(#)(2)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)(3)
(a)
(b) (c)
(d) (e) (f) (g) (h) (i)
Creed 1/24/2008 107,085 $37.30 1/24/2018
2/5/2009 169,148 $29.29 2/5/2019
2/5/2010 129,088 43,030(i) $32.98 2/5/2020
2/4/2011 61,100 61,100(ii) $49.30 2/4/2021
2/8/2012 20,688 62,067(iii) $64.44 2/8/2022
2/6/2013 — 90,923(iv) $62.93 2/6/2023
15,396 1,164,092
Pant 7/21/2005 25,731 $26.53 7/21/2015
1/26/2006 41,440 $24.47 1/26/2016
1/26/2006 49,726 $24.47 1/26/2016
1/19/2007 49,844 $29.61 1/19/2017
1/24/2008 133,856 $37.30 1/24/2018
1/24/2008 53,543 $37.30 1/24/2018
2/5/2009 135,318 $29.29 2/5/2019
2/5/2010 86,058 28,687(i) $32.98 2/5/2020
2/4/2011 50,916 50,917(ii) $49.30 2/4/2021
11/18/2011 — 94,949(vii) $53.84 11/18/2021
2/8/2012 28,964 86,892(iii) $64.44 2/8/2022
2/6/2013 — 90,923(iv) $62.93 2/6/2023
15,706 1,187,531
(1) Except as follows, all options and SARs listed above vest at a rate of 25% per year over the first four years of the ten-year option term. For Mr. Grismer, the grants
listed as expiring on May 17, 2017 and May 21, 2019 were each granted with 100% vesting after four years. Certain grants expiring for Mr. Grismer on February5,
2020 (43,030 SARs) and February 6, 2023 (45,462 SARs), for Mr. Su on January 24, 2018 (267,712 options), and for Mr. Pant on January 24, 2018 (133,856
SARs) and November 18, 2021 (94,949 SARs), were each granted with 100% vesting after five years.
The actual vesting dates for unexercisable award grants are as follows:
(i) All the unexercisable shares will vest on February 5, 2014.
(ii) One-half of the unexercisable grant will vest on each of February 4, 2014 and 2015.
(iii) One-third of the unexercisable grant will vest on each of February 8, 2014, 2015 and 2016.
(iv) One-fourth of the unexercisable grant will vest on each of February 6, 2014, 2015, 2016 and 2017.
(v) All unexercisable grants will vest on February 5, 2015.
(vi) All unexercisable grants will vest on February 6, 2018.
(vii) All unexercisable grants will vest on November 18, 2016.
(2) Amounts in this column represent RSUs that have not vested. For Mr. Su, the 183,290 RSUs represent a 2010 retention award (including accrued dividends)
that vests after five years. For Mr. Grismer, this amount represents deferrals of his 2011 and 2012 bonuses into the EID Program’s Matching Stock Fund.
(3) The market value of these awards are calculated by multiplying the number of shares covered by the award by $75.61, the closing price of YUM stock on the
NYSE on December 31, 2013.
(4) The awards reflected in this column are unvested performance-based PSU awards with three-year performance periods that are scheduled to vest on
December 27, 2014 or December 31, 2015 if the performance targets are met. In accordance with SEC rules, the PSU awards are reported at their maximum
payout value.