WENDYS CO

Ticker: WEN CUSIP: 95058W100 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 37,800 Value ($000) $511 Avg Close $12.07 Range $10.47 - $14.07

Q1 2016

Shares 66,700 Value ($000) $726 Avg Close $9.91 Range $8.89 - $10.97

Q4 2015

Shares 38,200 Value ($000) $411 Avg Close $9.85 Range $8.43 - $10.96

Q3 2015

Shares 49,100 Value ($000) $425 Avg Close $9.69 Range $8.52 - $11.30

Q2 2015

Shares 44,200 Value ($000) $499 Avg Close $11.02 Range $10.05 - $11.71

Q1 2015

Shares 27,353 Value ($000) $298 Avg Close $10.69 Range $8.84 - $11.50

Q4 2014

Shares 27,400 Value ($000) $247 Avg Close $8.44 Range $7.61 - $9.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	37,800	$511	$12.07	$10.47 - $14.07
Q1 2016	66,700	$726	$9.91	$8.89 - $10.97
Q4 2015	38,200	$411	$9.85	$8.43 - $10.96
Q3 2015	49,100	$425	$9.69	$8.52 - $11.30
Q2 2015	44,200	$499	$11.02	$10.05 - $11.71
Q1 2015	27,353	$298	$10.69	$8.84 - $11.50
Q4 2014	27,400	$247	$8.44	$7.61 - $9.29