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: 2004-07-23

Reporting Person: MAY PETER W (Director, President and COO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-23	Class A Common Stock	J	1965607	—	Acquired	2989109	Direct
2004-07-23	Class B Common Stock, Series 1	J	1153058	—	Acquired	3105472	Direct

Footnotes

F1: Represents a distribution of shares by DWG Acquisition Group, L.P. (DWG Acquisition) to Mr. May, a general partner of DWG Acquisition, in connection with the dissolution of DWG Acquisition on July 23, 2004. These shares, together with the 4,059,055 shares of Class A Common Stock and 3,610,376 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. May as indirectly owned by him.