X0201 4 2003-12-03 0 0000030697 TRIARC COMPANIES INC (TRY) 0001014063 MCARRON FRANCIS T TRIARC COMPANIES, INC. 280 PARK AVENUE NEW YORK NY 10017 0 1 0 0 Senior Vice President and CFO Class A Common Stock 2003-12-03 4 M 0 10000 0 A 10000 D Class A Common Stock 2003-12-03 4 S 0 2400 11.4000 D 7600 D Class A Common Stock 2003-12-03 4 S 0 7600 11.4500 D 0 D Class B Common Stock, Series 1 2003-12-03 4 M 0 20000 0 A 20000 D Class B Common Stock, Series 1 2003-12-03 4 S 0 18900 11.6500 D 1100 D Employee Stock Option (right to buy) 17.7500 2003-12-03 4 M 0 10000 0 D 2009-12-22 Class A Common Stock 10000 5000 D On August 11, 2003, Triarc Companies, Inc. (Triarc) declared a stock dividend, payable 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 outstanding. As a result of the stock dividend, each outstanding option granted under Triarc's 1998 Equity Participation Plan was adjusted so that each such option outstanding as of August 21, 2003, became exercisable for both one share of Class A Common and two shares of Class B Common Stock, Series 1. This employee stock option was previously reported as an option for 25,000 shares of Class A Common Stock at an exercise price of $17.75 per share, but was adjusted to reflect the stock dividend referred to in note (1) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, 50,000 shares of Class B Common Stock, Series 1 for no additional consideration. With tandem tax withholding rights. The option vested in three equal installments on December 22, 2000, 2001 and 2002. /s/ McCarron, Francis T. 2003-12-05