4//SEC Filing
TRIARC COMPANIES INC 4
Accession 0000030697-07-000103
$WENCIK 0000030697operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 9:42 AM ET
Size
14.8 KB
Accession
0000030697-07-000103
Insider Transaction Report
Form 4
TRIARC COMPANIES INCTRY;TRY.B
CAREY HUGH L
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2007-05-04−3,000→ 0 totalExercise: $20.90Exp: 2007-06-04→ Class A Common Stock (3,000 underlying) - Exercise/Conversion
Class A Common Stock
2007-05-04+3,000→ 14,469 total - Tax Payment
Class B Common Stock, Series 1
2007-05-04$16.72/sh−2,442$40,830→ 26,496 total - Exercise/Conversion
Class B Common Stock, Series 1
2007-05-04+6,000→ 28,938 total - Tax Payment
Class A Common Stock
2007-05-04$17.92/sh−1,221$21,880→ 13,248 total
Footnotes (6)
- [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 previously reported exercise price of this stock option was reduced by $1.35 per share.
- [F2]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 1993 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.
- [F3]This stock option was previously reported as an option for 3,000 shares of Class A Common Stock at an exercise price of $22.25 per share, but was adjusted to reflect the stock dividend referred to in note (2) above. As a result of the stock dividend, the option also entitled the reporting person to receive, upon exercise, 6,000 shares of Class B Common Stock, Series 1 for no additional consideration.
- [F4]1,221 shares of Class A Common Stock and 2,442 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 May 3, 2007, to satisfy the exercise price in connection with such stock option exercise.
- [F5]With tandem tax withholding rights.
- [F6]The option vested in two equal installments on June 4, 1998 and 1999.
Documents
Issuer
TRIARC COMPANIES INC
CIK 0000030697
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000030697
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 9:42 AM ET
- Size
- 14.8 KB