UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Schaefer, Fred H. Triarc Companies, Inc. 280 Park Avenue, 41st Floor New York, NY 10017 USA 2. Issuer Name and Ticker or Trading Symbol Triarc Companies, Inc. TRY 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year December 31, 2000 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Senior Vice President and Chief Accounting Officer 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person ___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Class A Common Stock |12/29/|M | |6,000 |(A)|$10.75 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |6,000 |(D)|$24.25 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|M | |5,000 |(A)|$10.125 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |5,000 |(D)|$24.25 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|M | |10,000 |(A)|$12.54 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |10,000 |(D)|$24.25 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|M | |12,500 |(A)|$18.00 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |12,500 |(D)|$24.25 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|M | |5,000 |(A)|$21.00 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |5,000 |(D)|$24.25 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |12/29/|D | |5,500 |(D)|$24.25 |0 | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Employee stock option |$10.75 |12/29|M | |6,000 |D |(1) |11/30|Class A Comm|6,000 | |0 | | | (right to buy) with ta| |/00 | | | | | |/04 |on Stock | | | | | | ndem tax withholding r| | | | | | | | | | | | | | | ights | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$10.125 |12/29|M | |5,000 |D |(2) |12/07|Class A Comm|5,000 | |0 | | | (right to buy) with ta| |/00 | | | | | |/05 |on Stock | | | | | | ndem tax withholding r| | | | | | | | | | | | | | | ights | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$12.54 |12/29|M | |10,000 |D |(3) |03/20|Class A Comm|10,000 | |0 | | | (right to buy) with ta| |/00 | | | | | |/07 |on Stock | | | | | | ndem tax withholding r| | | | | | | | | | | | | | | ights | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$18.00 |12/29|M | |12,500 |D |(4) |04/24|Class A Comm|12,500 | |0 | | | (right to buy) with ta| |/00 | | | | | |/03 |on Stock | | | | | | ndem tax withholding r| | | | | | | | | | | | | | | ights | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Employee stock option |$21.00 |12/29|M | |5,000 |D |(5) |03/01|Class A Comm|5,000 | |0 | | | (right to buy) with ta| |/00 | | | | | |/04 |on Stock | | | | | | ndem tax withholding r| | | | | | | | | | | | | | | ights | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________| Explanation of Responses: (1) The option vested in three equal installments on November 30, 1994, 1995 and 1996. (2) The option vested in three equal installments on December 7, 1996, 1997 and 1998. (3) The option vested in three equal installments on March 20, 1998, 1999 and 2000. (4) The option vested in three equal installments on April 24, 1994, 1995 and 1996. (5) The option vested in three equal installments on March 1, 1995, 1996 and 1997. SIGNATURE OF REPORTING PERSON FRED H. SCHAEFER DATE JANUARY 10, 2001