Wendy's Co — Director's Dealing 2003

Nov 26, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC ((TRY))
CIK: 0000030697
Period of Report: 2003-11-24

Reporting Person: MCARRON FRANCIS T (Senior Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-24	Class A Common Stock	M	5000	—	Acquired	5000	Direct
2003-11-24	Class A Common Stock	S	500	$11.1300	Disposed	4500	Direct
2003-11-24	Class A Common Stock	S	4500	$11.1000	Disposed	0	Direct
2003-11-25	Class A Common Stock	M	7600	—	Acquired	7600	Direct
2003-11-25	Class A Common Stock	S	700	$11.3000	Disposed	6900	Direct
2003-11-25	Class A Common Stock	S	800	$11.2500	Disposed	6100	Direct
2003-11-25	Class A Common Stock	S	3500	$11.1500	Disposed	2600	Direct
2003-11-25	Class A Common Stock	S	150	$11.1600	Disposed	2450	Direct
2003-11-25	Class A Common Stock	S	1000	$11.1500	Disposed	1450	Direct
2003-11-24	Class B Common Stock, Series 1	M	10000	—	Acquired	10000	Direct
2003-11-24	Class B Common Stock, Series 1	S	700	$11.2700	Disposed	9300	Direct
2003-11-24	Class B Common Stock, Series 1	S	900	$11.2800	Disposed	8400	Direct
2003-11-24	Class B Common Stock, Series 1	S	700	$11.2900	Disposed	7700	Direct
2003-11-24	Class B Common Stock, Series 1	S	1200	$11.3000	Disposed	6500	Direct
2003-11-24	Class B Common Stock, Series 1	S	4300	$11.3100	Disposed	2200	Direct
2003-11-24	Class B Common Stock, Series 1	S	400	$11.3200	Disposed	1800	Direct
2003-11-24	Class B Common Stock, Series 1	S	100	$11.3700	Disposed	1700	Direct
2003-11-24	Class B Common Stock, Series 1	S	100	$11.3800	Disposed	1600	Direct
2003-11-24	Class B Common Stock, Series 1	S	400	$11.3600	Disposed	1200	Direct
2003-11-24	Class B Common Stock, Series 1	S	100	$11.4000	Disposed	1100	Direct
2003-11-24	Class B Common Stock, Series 1	S	100	$11.3400	Disposed	1000	Direct
2003-11-24	Class B Common Stock, Series 1	S	900	$11.3500	Disposed	100	Direct
2003-11-24	Class B Common Stock, Series 1	S	100	$11.4100	Disposed	0	Direct
2003-11-25	Class B Common Stock, Series 1	M	15200	—	Acquired	15200	Direct
2003-11-25	Class B Common Stock, Series 1	S	10000	$11.4481	Disposed	5200	Direct
2003-11-25	Class B Common Stock, Series 1	S	5200	$11.4019	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-24	Employee Stock Option (right to buy)	$16.8750	M	5000	Disposed	2009-03-15	Class A Common Stock (5000)	Direct
2003-11-25	Employee Stock Option (right to buy)	$16.8750	M	7600	Disposed	2009-03-15	Class A Common Stock (7600)	Direct

Footnotes

F1: On August 11, 2003, Triarc Companies, Inc. (Triarc) declared a stock dividend, payable to all holders of record of Class A Common Stock on August 21, 2003, of two shares of Class B Common Stock, Series 1 for each share of Class A Common Stock outstanding. As a result of the stock dividend, each outstanding option granted under Triarc's 1998 Equity Participation Plan was adjusted so that each such option outstanding as of August 21, 2003, became exercisable for both one share of Class A Common and two shares of Class B Common Stock, Series 1.

F2: This employee stock option was previously reported as an option for 25,000 shares of Class A Common Stock at an exercise price of $16.875 per share, but was adjusted to reflect the stock dividend referred to in note (1) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, 50,000 shares of Class B Common Stock, Series 1 for no additional consideration.

F3: With tandem tax withholding rights.

F4: The option vested in three equal installments on March 15, 2000, 2001 and 2002.