Fred Hu - Jun 1, 2021 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role
Director
Signature
/s/ Jonathan Gaines, Attorney-in-Fact, Attorney-in-Fact
Stock symbol
YUMC
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/4/2021, 12:09 PM
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUMC Common Stock, $0.01 par value Award $0 +4.22K +12.77% $0.00 37.3K Jun 1, 2021 Direct
holding YUMC Common Stock, $0.01 par value 16.4M Jun 1, 2021 See Footnote F1
* 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") and the warrants are held directly by Pollos Upside L.P. ("Pollos Upside") and the Transaction (as defined below) was entered into by Pollos Upside. The limited partnership interests of both Pollos Investment and Pollos Upside 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.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment and Pollos Upside, 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 the inclusion of these 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.