Wendy's Co — Director's Dealing 2003

Aug 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC ((TRY))
CIK: 0000030697
Period of Report: 2003-08-18

Reporting Person: MAY JONATHAN P (SVP - Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-18	Class A Common Stock	M	5000	$21.000	Acquired	6251	Direct
2003-08-18	Class A Common Stock	M	5500	$10.750	Acquired	11751	Direct
2003-08-18	Class A Common Stock	S	2400	$31.200	Disposed	9351	Direct
2003-08-18	Class A Common Stock	S	8000	$31.200	Disposed	1351	Direct
2003-08-18	Class A Common Stock	S	100	$31.360	Disposed	1251	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-18	Employee Stock Option (right to buy)	$21.000	M	5000	Disposed	2004-03-01	Class A Common Stock (5000)	Direct
2003-08-18	Employee Stock Options (right to buy)	$10.750	M	5500	Disposed	2004-11-30	Class A Common Stock (5500)	Direct

Footnotes

F1: With tandem tax withholding rights.

F2: The option vested in three equal installments on March 1, 1995, 1996 and 1997.

F3: The option vested in three equal installments on November 30, 1994, 1995 and 1996.