U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Barnes, John L.
c/o Triarc Companies, Inc.
900 Third Avenue, 31st Floor
New York, NY 10022
USA
2. Date of Event Requiring Statement (Month/Day/Year)
05/02/96
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Triarc Companies, Inc.
TRY
5. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President
6. If Amendment, Date of Original (Month/Day/Year)
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Class A Common Stock |4,000 |Direct | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship: | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Options (|* |09/28/03 |Class A Common Stock |25,000 |$20.00 |(D) | |
right to buy) with tande| | | | | | | |
m tax withholding right | | | | | | | |
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Employee Stock Options (|** |11/30/04 |Class A Common Stock |15,000 |$10.750 |(D) | |
right to buy) with tande| | | | | | | |
m tax withholding right | | | | | | | |
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Employee Stock Options (|*** |12/07/05 |Class A Common Stock |20,000 |$10.125 |(D) | |
right to buy) with tande| | | | | | | |
m tax withholding right | | | | | | | |
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Employee Stock Options (|**** |05/03/06 |Class A Common Stock |30,000 |$13.00 |(D) | |
right to buy) with tande| | | | | | | |
m tax withholding right | | | | | | | |
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</TABLE>
Explanation of Responses:
*one-third 09/28/96, one-third 09/28/97 and one-third
09/28/98
**one-third 11/30/95, one third 11/30/96 and one-third
11/30/97
***one-third 12/07/96, one-third 12/07/97 and one-third
12/07/98
****one-third 05/03/97, one-third 05/03/98 and one-third
05/03/99
SIGNATURE OF REPORTING PERSON
JOHN L. BARNES, JR.
DATE
May 24, 1996
