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
Tsai, Jr., Gerald
Tsai Management, Inc.
200 Park Avenue
Suite 4501
New York,, NY 10166
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
October 31, 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class A Common Stock |10/27/|S | |1,000 |(D)|$16.00 | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |10/12/|J(1)| |128 |(A)|$15.49(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |10/01/|J(1)| |385 |(A)|$16.20(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |09/17/|J(1)| |118 |(A)|$16.90(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |08/14/|J(1)| |47 |(A)|$20.85(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |07/01/|J(1)| |272 |(A)|$22.93(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |06/23/|J(1)| |42 |(A)|$23.62(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |05/06/|J(1)| |38 |(A)|$25.71(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |04/01/|J(1)| |235 |(A)|$26.50(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |03/16/|J(1)| |40 |(A)|$24.95(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |03/10/|J(1)| |123 |(A)|$24.38(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |01/27/|J(1)| |39 |(A)|$25.38(2) | |(D) | |
|98 | | | | | | | | |
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Class A Common Stock |01/01/|J(1)| |258 |(A)|$24.18(2) |11,980 |(D) | |
|98 | | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Shares were issued pursuant to the Company's Equity Participation Plan in
lieu of annual retainer of Board of
Directors or committee meetings attendance fees that would otherwise be payable
in cash.
(2) In accordance with the Company's Equity Participation Plan, the price is
the average of the closing price per
share on the 20 consecutive trading days immediately preceding the date on
which the annual retainer or meeting
attendance fee would otherwise be
payable.
(3) One-half 5/6/99 and one-half
5/6/00.
SIGNATURE OF REPORTING PERSON
Gerald Tsai, Jr.
DATE
11/9/98
