WENDYS CO

Ticker: WEN CUSIP: 95058W100 Class: Common Stock

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 468,070 Value ($000) $6,370 Avg Close $13.64 Range $13.03 - $14.47

Q4 2016

Shares 249,400 Value ($000) $3,372 Avg Close $12.07 Range $10.47 - $14.07

Q4 2015

Shares 476,410 Value ($000) $5,131 Avg Close $9.85 Range $8.43 - $10.96

Q3 2015

Shares 323,740 Value ($000) $2,800 Avg Close $9.69 Range $8.52 - $11.30

Q2 2015

Shares 380,000 Value ($000) $4,286 Avg Close $11.02 Range $10.05 - $11.71

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	468,070	$6,370	$13.64	$13.03 - $14.47
Q4 2016	249,400	$3,372	$12.07	$10.47 - $14.07
Q4 2015	476,410	$5,131	$9.85	$8.43 - $10.96
Q3 2015	323,740	$2,800	$9.69	$8.52 - $11.30
Q2 2015	380,000	$4,286	$11.02	$10.05 - $11.71