Wendy's Co — Director's Dealing 2003

Aug 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC ((TRY))
CIK: 0000030697
Period of Report: 2003-08-20

Reporting Person: TROUBH RAYMOND S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-20	Class A Common Stock	M	15000	$19.3750	Acquired	35000	Direct
2003-08-20	Class A Common Stock	M	600	$12.6250	Acquired	35600	Direct
2003-08-20	Class A Common Stock	M	3000	$16.2500	Acquired	38600	Direct
2003-08-20	Class A Common Stock	S	18600	$31.2436	Disposed	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-20	Stock Option (right to buy)	$19.375	M	15000	Disposed	2004-06-09	Class A Common Stock (15000)	Direct
2003-08-20	Stock Option (right to buy)	$16.250	M	3000	Disposed	2005-06-08	Class A Common Stock (3000)	Direct
2003-08-20	Stock Option (right to buy)	$12.625	M	600	Disposed	2006-06-06	Class A Common Stock (600)	Direct

Footnotes

F1: With tandem tax witholding rights.

F2: The option vested in two equal installments on June 9, 1995 and 1996.

F3: The option vested in two equal installments on June 8, 1996 and 1997.

F4: The option vested in two equal installments on June 6, 1997 and 1998.