UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). ( ) Form 3 Holdings Reported ( ) Form 4 Transactions Reported 1. Name and Address of Reporting Person Schwab II, David E. 68 Cedar Drive East Briarcliff Manor,, NY 10510 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 30, 2001 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 Reporting (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 | |Date |Code| | Beneficially |(D)or | | | | | | A/| | Owned at |Indir | | | | | Amount | D | Price | End of Year |ect(I)| | ___________________________________________________________________________________________________________________________________| Class A Common Stock |1/1/01|J(1)|298 |(A)|$25.12(2) | |(D) | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |4/2/01|J(1)|296 |(A)|$23.04(2) | |(D) | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |7/2/01|J(1)|296 |(A)|$25.31(2) | |(D) | | -----------------------------------------------------------------------------------------------------------------------------------| Class A Common Stock |10/1/0|J(1)|316 |(A)|$23.69(2) |7,756 |(D) | | |1 | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |ice 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 | | | Amount | |ble | | | |Year |(I)| | ___________________________________________________________________________________________________________________________________| Employee Stock Options|$26.00 |6/21/|(A) |4,000 |A |(1) |6/21/|Class A Comm|4,000 | |4,000 |(D)| | (right to buy) with tan| |01 | | | | |11 |on Stock | | | | | | dem tax withholding righ| | | | | | | | | | | | | | ts | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| Explanation of Responses: (1) Shares were issued pursuant to the Company's 1998 Equity Participation Plan in lieu of annual retainer fees that would otherwise by 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 fee would otherwise be payable. (3) The option vests in two equal installments on June 21, 2002 and 2003. SIGNATURE OF REPORTING PERSON DAVID E. SCHWAB II DATE February 12, 2002