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Wendy's Co — Director's Dealing 2006
Dec 21, 2006
31695_dirs_2006-12-20_0cc730db-175b-40fc-bcbe-405f1b81e421.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRIARC COMPANIES INC (TRY;TRY.B)
CIK: 0000030697
Period of Report: 2006-12-19
Reporting Person: GARDEN EDWARD P (Director, Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-12-19 | Class B Common Stock, Series 1 | M | 150000 | — | Acquired | 257399 | Direct |
| 2006-12-19 | Class B Common Stock, Series 1 | M | 600000 | — | Acquired | 857399 | Direct |
| 2006-12-19 | Class B Common Stock, Series 1 | F | 633352 | $19.1800 | Disposed | 224047 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-12-19 | Employee Stock Option (right to buy) | $11.2500 | M | 150000 | Disposed | 2013-11-20 | Class B Common Stock, Series 1 (150000) | Direct |
| 2006-12-19 | Employee Stock Option (right to buy) | $15.0900 | M | 600000 | Disposed | 2015-02-15 | Class B Common Stock, Series 1 (600000) | 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.
F2: 633,352 shares of Class B Common Stock Series 1, were withheld from the shares issued upon exercise of the stock options reported herein at a price per share equal to the closing price of such Class B Common Stock, Series 1, on December 19, 2006, to satisfy the exercise prices and tax withholding obligations in connection with such stock option exercises.
F3: With tandem tax withholding rights.
F4: The option vested in three equal installments on November 20, 2004, 2005 and 2006.
F5: The option vested in full on December 20, 2005.