Wendy's Co — Director's Dealing 2003

Nov 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC (TRY / TRYB)
CIK: 0000030697
Period of Report: 2003-11-20

Reporting Person: LEVATO JOSEPH A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-20	Class A Common Stock	M	16000	—	Acquired	24000	Direct
2003-11-20	Class A Common Stock	F	8000	$11.04	Disposed	16000	Direct
2003-11-20	Class B Common Stock, Series 1	M	32000	—	Acquired	48000	Direct
2003-11-20	Class B Common Stock, Series 1	S	100	$11.1	Disposed	47900	Direct
2003-11-20	Class B Common Stock, Series 1	S	100	$11.12	Disposed	47800	Direct
2003-11-20	Class B Common Stock, Series 1	S	600	$11.13	Disposed	47200	Direct
2003-11-20	Class B Common Stock, Series 1	S	400	$11.14	Disposed	46800	Direct
2003-11-20	Class B Common Stock, Series 1	S	4600	$11.15	Disposed	42200	Direct
2003-11-20	Class B Common Stock, Series 1	S	200	$11.16	Disposed	42000	Direct
2003-11-20	Class B Common Stock, Series 1	S	2500	$11.2	Disposed	39500	Direct
2003-11-20	Class B Common Stock, Series 1	S	300	$11.21	Disposed	39200	Direct
2003-11-20	Class B Common Stock, Series 1	S	300	$11.22	Disposed	38900	Direct
2003-11-20	Class B Common Stock, Series 1	S	200	$11.23	Disposed	38700	Direct
2003-11-20	Class B Common Stock, Series 1	S	600	$11.24	Disposed	38100	Direct
2003-11-20	Class B Common Stock, Series 1	S	8600	$11.25	Disposed	29500	Direct
2003-11-20	Class B Common Stock, Series 1	S	800	$11.28	Disposed	28700	Direct
2003-11-20	Class B Common Stock, Series 1	S	200	$11.29	Disposed	28500	Direct
2003-11-20	Class B Common Stock, Series 1	S	2100	$11.3	Disposed	26400	Direct
2003-11-20	Class B Common Stock, Series 1	S	100	$11.31	Disposed	26300	Direct
2003-11-20	Class B Common Stock, Series 1	S	8600	$11.34	Disposed	17700	Direct
2003-11-20	Class B Common Stock, Series 1	S	100	$11.35	Disposed	17600	Direct
2003-11-20	Class B Common Stock, Series 1	S	200	$11.36	Disposed	17400	Direct
2003-11-20	Class B Common Stock, Series 1	S	300	$11.38	Disposed	17100	Direct
2003-11-20	Class B Common Stock, Series 1	F	16000	$11.25	Disposed	1100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-20	Employee Stock Option (right to buy)	$21	M	16000	Disposed	2004-03-01	Class A Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	8000	Direct
Class B Common Stock, Series 1	16000	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 1993 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 30,000 shares of Class A Common Stock at an exercise price of $21.00 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, 60,000 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 1, 1995, 1996 and 1997.