Wendy's Co — Director's Dealing 2004

Jan 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC ((TRY))
CIK: 0000030697
Period of Report: 2004-01-15

Reporting Person: DWG ACQUISITION GROUP L P (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-15	Class A Common Stock	P	681000	—	Acquired	6024662	Direct
2004-01-15	Class B Common Stock, Series 1	S	681000	—	Disposed	10006324	Direct

Footnotes

F1: The Class A Common Stock and the Class B Common Stock, Series 1, are separate classes of securities, without conversion or other derivative features.

F2: The reporting person exchanged an aggregate of 681,000 shares of Class B Common Stock, Series 1, and $408,600, in cash, for 681,000 shares of Class A Common Stock. At the time of the exchange, the price per share of the Class A Common Stock on the New York Stock Exchange, Inc. (NYSE) was $11.50 , the price per share of the Class B Common Stock, Series 1, on the NYSE was $10.90 and the cash exchanged with respect to each share of Class A Common Stock was $.60.

F3: Includes shares of Class B Common Stock, Series 1, received in connection with a stock dividend paid by Triarc Companies, Inc. to all holders of record of Class A Common Stock on August 21, 2003, of two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock oustanding.