Fred Hu - May 4, 2023 Form 4/A - Amendment Insider Report for Yum China Holdings, Inc. (YUMC)

Role
Director
Signature
/s/ Jonathan Gaines, Attorney-in-Fact
Stock symbol
YUMC
Transactions as of
May 4, 2023
Transactions value $
-$70,785,157
Form type
4/A - Amendment
Date filed
5/8/2023, 02:04 PM
Date Of Original Report
May 4, 2023
Previous filing
Nov 7, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUMC Common Stock, $0.01 par value Sale -$70.8M -1.14M -8.62% $62.31 12M May 4, 2023 See Footnotes F1, F2
holding YUMC Common Stock, $0.01 par value 43.7K May 4, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee. At the request of an ultimate withdrawing limited partner who is not affiliated with the Reporting Person, Pollos Investment sold 1,136,016 shares of common stock of YUM China Holdings, Inc. (the "Transaction") and the proceeds of such sale, after costs and repayment of certain liabilities of Pollos Investment, were distributed to such withdrawing limited partner.
F2 The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.New Footnote

Remarks:

This Form 4/A is being filed to correct a typographical error in Table I, box 5 on the original Form 4 filing.