X0202 4 2007-03-28 0 0001313918 Deerfield Triarc Capital Corp DFR 0001300607 Sachs Gregory H 6250 NORTH RIVER ROAD ROSEMONT IL 60018 1 0 0 0 COMMON 2007-03-28 4 J 0 163 15.186 A 406441 I DEERFIELD CAPITAL MANAGEMENT LLC COMMON 2007-03-28 4 J 0 97403 0.00 D 309038 I DEERFIELD CAPITAL MANAGEMENT LLC On March 28, 2007, 163 shares of the Issuer's common stock were issued to Deerfield Capital Management LLC (DCM) as incentive compensation pursuant to the terms of the Management Agreement between the Issuer and DCM. In accordance with the terms of the Management Agreement, the shares were valued at the average of the closing prices per share over the 30 day period ending three days prior to the issuance of such shares. Mr. Sachs disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Sachs is an officer, director and member (indirectly) of DCM. No cash consideration was paid for the disposition of these shares. Represents the aggregate amount of share grants by DCM to eight DCM employees, pursuant to stock award agreements. Represents the total amount of share grants to eight persons. /S/ Gregory H. Sachs 2007-03-30