Filing Details
- Accession Number:
- 0001011438-18-000103
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-14 16:30:01
- Filed By:
- Corvex Capital
- Company:
- Yum Brands Inc (NYSE:YUM)
- Filing Date:
- 2018-02-14
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| CORVEX MANAGEMENT | 0 | 0 | 0 | 0 | 0% | |
| KEITH MEISTER | 0 | 0 | 0 | 0 | 0% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
YUM! BRANDS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
988498101
(CUSIP Number)
December 31, 2017
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| [ ] | Rule 13d-1(b) |
| [ ] | Rule 13d-1(c) |
| [X] | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP NO. 988498101 | |
| 1. | Names of Reporting Persons |
CORVEX MANAGEMENT LP
| 2. | Check the Appropriate Box If a Member of a Group (See Instructions) |
a. [ ]
b. [X]
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
DELAWARE
| | 5. | Sole Voting Power |
| Number of Shares | | 0 |
| Beneficially Owned By Each | 6. | Shared Voting Power 0 |
| Reporting Person With | 7. | Sole Dispositive Power 0 |
| | 8. | Shared Dispositive Power |
| | | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
0
| 10. | Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |
[ ]
| 11. | Percent of Class Represented By Amount in Row (9) |
0%
| 12. | Type of Reporting Person (See Instructions) |
PN, IA
| CUSIP NO. 988498101 | |
| 1. | Names of Reporting Persons |
KEITH MEISTER
| 2. | Check the Appropriate Box If a Member of a Group (See Instructions) |
a. [ ]
b. [X]
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
UNITED STATES
| | 5. | Sole Voting Power |
| Number of Shares | | 0 |
| Beneficially Owned By Each | 6. | Shared Voting Power 0 |
| Reporting Person With | 7. | Sole Dispositive Power 0 |
| | 8. | Shared Dispositive Power |
| | | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
0
| 10. | Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |
[ ]
| 11. | Percent of Class Represented By Amount in Row (9) |
0%
| 12. | Type of Reporting Person (See Instructions) |
IN, HC
| Item 1(a). | Name of Issuer: |
| | |
| | Yum! Brands, Inc. (the "Issuer"). |
| | |
| Item 1(b). | Address of the Issuer's Principal Executive Offices: |
| | |
| | 1441 Gardiner Lane |
| | Louisville, Kentucky 40213 |
| | |
| Item 2(a). | Name of Person Filing |
| | |
| | This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): |
| i) | Corvex Management LP (“Corvex”); and |
| ii) | Keith Meister, in his capacity as the control person of the general partner of Corvex (“Mr. Meister”). |
| | This statement relates to Shares (as defined below) held for the accounts of certain private investment funds for which Corvex acts as investment adviser. |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
| | |
| | The address of the principal business office of each of the Reporting Persons is 667 Madison Avenue, New York, New York 10065. |
| Item 2(c). | Citizenship: |
| i) | Corvex is a Delaware limited partnership; and |
| ii) | Mr. Meister is a citizen of the United States. |
| Item 2(d). | Title of Class of Securities: |
| | Common Stock, no par value (the “Shares”). |
| Item 2(e). | CUSIP Number: |
| | |
| | 988498101 |
| Item 3. | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
| | This Item 3 is not applicable. |
| | |
| Item 4. | Ownership: |
| Item 4(a). | Amount Beneficially Owned: |
| As of the Date of Event, each of the Reporting Persons may be deemed to be the beneficial owner of 0 Shares. | |
| | |
| | |
| Item 4(b). | Percent of Class: |
| | |
| | 0% |
| | |
| Item 4(c). | Number of shares as to which such person has: |
| | |
| | Corvex | ||
| | (i) | Sole power to vote or direct the vote | 0 |
| | (ii) | Shared power to vote or to direct the vote | 0 |
| | (iii) | Sole power to dispose or to direct the disposition of | 0 |
| | (iv) | Shared power to dispose or to direct the disposition of | 0 |
| | Mr. Meister | ||
| | (i) | Sole power to vote or direct the vote | 0 |
| | (ii) | Shared power to vote or to direct the vote | 0 |
| | (iii) | Sole power to dispose or to direct the disposition of | 0 |
| | (iv) | Shared power to dispose or to direct the disposition of | 0 |
| Item 5. | Ownership of Five Percent or Less of a Class: |
| | |
| | If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X]. |
| | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
| | |
| | The limited partners of (or investors in) the private investment funds for which Corvex acts as investment adviser have the right to participate in the receipt of dividends from, and proceeds from the sale of, the Shares held for the accounts of such funds in accordance with their respective limited partnership interest (or investment percentages) in such funds. |
| | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: |
| | |
| | The general partner of Corvex is controlled by Mr. Meister. |
| | |
| Item 8. | Identification and Classification of Members of the Group: |
| | |
| | This Item 8 is not applicable. |
| | |
| Item 9. | Notice of Dissolution of Group: |
| | |
| | This Item 9 is not applicable. |
| | |
| Item 10. | Certification: |
| This Item 10 is not applicable.
|
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Date: February 14, 2018 | CORVEX MANAGEMENT LP |
| | |
| | By: /s/ Keith Meister |
| | Keith Meister |
| | Managing Partner |
| Date: February 14, 2018 | KEITH MEISTER |
| | |
| | By: /s/ Keith Meister |