Wendy's Co — Director's Dealing 2006

Dec 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC (TRY.B)
CIK: 0000030697
Period of Report: 2006-12-21

Reporting Person: MCCARRON FRANCIS T (Senior Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-21	Class B Common Stock, Series 1	M	215000	—	Acquired	361832	Direct
2006-12-21	Class B Common Stock, Series 1	F	184654	$19.55	Disposed	146832	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-21	Employee Stock Option (right to buy)	$15.09	M	215000	Disposed	2015-02-15	Class B Common Stock, Series 1 (215000)	Direct
2006-12-21	Employee Stock Option (right to buy)	$19.55	A	184654	Acquired	2015-02-15	Class B Common Stock, Series 1 (184654)	Direct

Footnotes

F1: As a result of the special extraordinary cash dividends paid in 2006, on December 14, 2006, the Compensation Committee and
the Performance Compensation Committee of the Board of Directors of Triarc determined to reduce the exercise price of each
stock option that was granted after August 21, 2003 by $0.15 for each option outstanding at the opening of the market on
each of February 15, 2006, June 29, 2006 and December 1, 2006, aggregating $0.45 per share. Accordingly, the reported
exercise price of this stock option was reduced by $.45 per share to $14.64 per share.

F2: 184,654 shares of Class B Common Stock, Series 1 were withheld from the shares issued upon exercise of the stock option
reported herein at a price per share equal to the closing price of such Class B Common Stock, Series 1, on December 21,
2006, to satisfy the exercise prices and tax withholding obligations in connection with such stock option exercise.

F3: With tandem tax withholding rights.

F4: The option vested in full on December 20, 2005.