Wendy's Co — Director's Dealing 2004

Dec 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC (TRY;TRY.B)
CIK: 0000030697
Period of Report: 2004-12-16

Reporting Person: BENHAM DOUGLAS N (Pres. & CEO of Arby's, LLC)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-16	Employee Stock Option (right to buy)	$12.01	A	175000	Acquired	2014-12-16	Class B Common Stock, Series 1 (175000)	Direct

Footnotes

F1: With tandem tax withholding rights.

F2: The option vests in three equal installments on December 16, 2005, 2006 and 2007.