General Cable

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Kenny exercised stock options for 48,00p shares with a $4 exercisre price on Monday and immediately sold them for an averagwe priceof $39.58. That netted him $1.7 milliohn before taxes. He then sold another 7,101 shares on Tuesday for about $40.32 each for an additionall $286,000. His timing was good, as General Cable's stocok price had been rising steadilgy from a 2009 low ofabout $14 in earlyy March. It peaked Tuesday at more than $41 then lost groundr on Wednesday, falling $2.30 to less than $39, as the broadef market also declined. According to the company's latesgt proxy statement, as of March 1, Kennyy beneficially owned morethan 600,000 shares of Generap Cable stock.
That included about 66,000 restricted shares over which he had voting power, 143,000 options exercisable within 60 days, and 340,000p shares deferred under its deferred compensatiob plan. General Cable (NYSE: BGC), based in Highlande Heights, is a global manufactured of cable and wire products forthe energy, telecommunicationsa and specialty industrial markets.