4//SEC Filing
ROSEN STUART I 4
Accession 0000030697-06-000252
CIK 0000030697other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:40 PM ET
Size
51.4 KB
Accession
0000030697-06-000252
Insider Transaction Report
Form 4
TRIARC COMPANIES INCTRY;TRY.B
ROSEN STUART I
Senior VP, Assoc GC and Sec
Transactions
- Exercise/Conversion
Class A Common Stock
2006-12-20+12,500→ 13,000 total - Exercise/Conversion
Class A Common Stock
2006-12-20+20,000→ 53,000 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-20−10,000→ 0 totalExercise: $16.88Exp: 2009-03-15→ Class A Common Stock (10,000 underlying) - Exercise/Conversion
Class B Common Stock, Series 1
2006-12-20+25,000→ 143,634 total - Exercise/Conversion
Class B Common Stock, Series 1
2006-12-20+100,000→ 118,634 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-20−100,000→ 0 totalExercise: $15.09Exp: 2015-02-15→ Class B Common Stock, Series 1 (100,000 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-20−12,500→ 0 totalExercise: $23.31Exp: 2007-12-12→ Class A Common Stock (12,500 underlying) - Tax Payment
Class A Common Stock
2006-12-20$21.34/sh−58,828$1,255,390→ 34,172 total - Exercise/Conversion
Class B Common Stock, Series 1
2006-12-20+40,000→ 223,634 total - Tax Payment
Class B Common Stock, Series 1
2006-12-20$19.60/sh−203,436$3,987,346→ 100,198 total - Exercise/Conversion
Class B Common Stock, Series 1
2006-12-20+20,000→ 163,634 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-20−20,000→ 0 totalExercise: $25.44Exp: 2010-12-14→ Class A Common Stock (20,000 underlying) - Exercise/Conversion
Class A Common Stock
2006-12-20+10,000→ 23,000 total
Footnotes (18)
- [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 prior to August 21, 2003 by $0.45 for each option outstanding at the opening of the market on each of February 15, 2006, June 29, 2006 and December 1, 2006, aggregating $1.35 per share. Accordingly, the reported exercise price of this stock option was reduced by $1.35 per share.
- [F10]With tandem tax withholding rights.
- [F11]The option vested in three equal installments on December 12, 1998, 1999 and 2000.
- [F12]The option vested in three equal installments on March 15, 2000, 2001 and 2002.
- [F13]The option vested in three equal installments on December 22, 2000, 2001 and 2002.
- [F14]The option vested in three equal installments on December 14, 2001, 2002 and 2003.
- [F15]The option vested in three equal installments on December 6, 2002, 2003 and 2004
- [F16]The option vested in three equal installments on December 18, 2003 , 2004 and 2005.
- [F17]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.
- [F18]The option vested in full on December 20, 2005.
- [F2]This employee stock option was previously reported as an option for 12,500 shares of Class A Common Stock at an exercise price of $23.3125 per share, but was adjusted to reflect the stock dividend referred to in note (3) below. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F3]On August 11, 2003, 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 1993 and 1998 Equity Participation Plans 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.
- [F4]This employee stock option was previously reported as an option for 10,000 shares of Class A Common Stock at an exercise price of $16.8750 per share, but was adjusted to reflect the stock dividend referred to in note (3) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F5]This employee stock option was previously reported as an option for 15,000 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 (3) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F6]This employee stock option was previously reported as an option for 20,000 shares of Class A Common Stock at an exercise price of $25.4375 per share, but was adjusted to reflect the stock dividend referred to in note (3) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F7]This employee stock option was previously reported as an option for 20,000 shares of Class A Common Stock at an exercise price of $24.60 per share, but was adjusted to reflect the stock dividend referred to in note (3) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F8]This employee stock option was previously reported as an option for 20,000 shares of Class A Common Stock at an exercise price of $26.93 per share, but was adjusted to reflect the stock dividend referred to in note (3) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, two shares of Class B Common Stock, Series 1, for each share of Class A Common Stock issuable upon exercise of the option for no additional consideration.
- [F9]58,828 shares of Class A Common Stock and 203,436 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 A Common Stock and Class B Common Stock, Series 1, respectively, on December 20, 2006, to satisfy the exercise prices and tax withholding obligations in connection with such stock option exercises.
Documents
Issuer
TRIARC COMPANIES INC
CIK 0000030697
Entity typeother
Related Parties
1- filerCIK 0001014065
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:40 PM ET
- Size
- 51.4 KB