WENDYS CO

Ticker: WEN CUSIP: 95058W100 Class: Common Stock

Skylands Capital, LLC's Holding History (CIK: 0001299910)

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

Q3 2016

Shares 147,400 Value ($000) $1,592 Avg Close $10.08 Range $9.33 - $11.00

Q2 2016

Shares 118,850 Value ($000) $1,143 Avg Close $10.49 Range $9.15 - $11.38

Q1 2016

Shares 120,550 Value ($000) $1,313 Avg Close $9.91 Range $8.89 - $10.97

Q4 2015

Shares 50,950 Value ($000) $549 Avg Close $9.85 Range $8.43 - $10.96

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	147,400	$1,592	$10.08	$9.33 - $11.00
Q2 2016	118,850	$1,143	$10.49	$9.15 - $11.38
Q1 2016	120,550	$1,313	$9.91	$8.89 - $10.97
Q4 2015	50,950	$549	$9.85	$8.43 - $10.96