WENDYS CO

Ticker: WEN CUSIP: 95058W100 Class: Common Stock

Horrell Capital Management, Inc.'s Holding History (CIK: 0001385925)

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

Q1 2015

Shares 3,675 Value ($000) $40 Avg Close $10.69 Range $8.84 - $11.50

Q4 2014

Shares 3,675 Value ($000) $33 Avg Close $8.44 Range $7.61 - $9.29

Q3 2014

Shares 3,675 Value ($000) $30 Avg Close $8.19 Range $7.82 - $8.74

Q2 2014

Shares 3,675 Value ($000) $31 Avg Close $8.42 Range $7.84 - $9.24

Q1 2014

Shares 3,675 Value ($000) $34 Avg Close $9.16 Range $8.08 - $10.27

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	3,675	$40	$10.69	$8.84 - $11.50
Q4 2014	3,675	$33	$8.44	$7.61 - $9.29
Q3 2014	3,675	$30	$8.19	$7.82 - $8.74
Q2 2014	3,675	$31	$8.42	$7.84 - $9.24
Q1 2014	3,675	$34	$9.16	$8.08 - $10.27