Wendy's Co — Director's Dealing 2008

Sep 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRIARC COMPANIES INC (TRY/TRYB)
CIK: 0000030697
Period of Report: 2008-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-15	Class A Common Stock	A	255	$5.88	Acquired	3604903	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-15	Stock Option (right to buy)	$5.20	A	4000	Acquired	2018-09-15	Class A Common Stock (4000)	Direct
2008-09-15	Stock Option (right to buy)	$5.24	A	8000	Acquired	2018-09-15	Class B Common Stock, Series 1 (8000)	Direct

Footnotes

F1: Shares were issued pursuant to the Company's Amended and Restated 2002 Equity Participation Plan (the "Plan") in lieu of Board of Directors meeting attendance fee that would otherwise be payable in cash. In accordance with the Plan, the price is the average of the closing price per share on the 20 consecutive trading days immediately preceding the date on which the meeting fee would otherwise be payable.

F2: The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3: The Option vests in two equal installments on September 15, 2009 and 2010.