Wendy's Co — Director's Dealing 2004

Jul 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC (TRY;TRY.B)
CIK: 0000030697
Period of Report: 2004-07-21

Reporting Person: PELTZ NELSON (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-23	Class A Common Stock	J	4059055	—	Acquired	5551008	Direct
2004-07-21	Class A Common Stock	J	200	—	Disposed	23550	Indirect
2004-07-21	Class A Common Stock	J	200	—	Acquired	200	Indirect
2004-07-23	Class B Common Stock, Series 1	J	3610376	—	Acquired	6452398	Direct
2004-07-21	Class B Common Stock, Series 1	J	400	—	Disposed	47100	Indirect
2004-07-21	Class B Common Stock, Series 1	J	400	—	Acquired	400	Indirect

Footnotes

F1: Represents a distribution of shares by DWG Acquisition Group, L.P. (DWG Acquisition) to Mr. Peltz, a general partner of DWG Acquisition, in connection with the dissolution of DWG Acquisition on July 23, 2004. These shares, together with the 1,965,607 shares of Class A Common Stock and 1,153,058 shares of Class B Common Stock, Series 1, distributed by DWG Acquisition to the other general partner of DWG Acquisition in connection with the dissolution, were previously reported by Mr. Peltz as indirectly owned by him.

F2: Represents a distribution of a total of 200 shares previously held in the Peltz Family Limited Partnership, an entity in which Mr. Peltz is a general partner, to two minor children of Mr. Peltz.

F3: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4: Represents a distribution of a total of 400 shares previously held in the Peltz Family Limited Partnership, an entity in which Mr. Peltz is a general partner, to two minor children of Mr. Peltz.