General Cable

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Kenny exercised stock options for 48,000 shares with a $4 exercise price on Monday and immediately sold them for an averagw priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shares on Tuesday for about $40.32 each for an additiona $286,000. His timing was good, as Generalo Cable's stock price had been risin g steadily from a 2009 low ofabout $14 in early It peaked Tuesday at more than $41 then lost ground on falling $2.30 to less than $39, as the broader market also declined.
According to the company's latest proxu statement, as of March 1, Kenny beneficially owned morethan 600,00 0 shares of General Cable That included about 66,000 restrictesd shares over which he had voting 143,000 options exercisable within 60 days, and 340,00p shares deferred under its deferreds compensation plan. General Cable (NYSE: BGC), baserd in Highland Heights, is a global manufacturer of cablr and wire products for the telecommunications and specialtyindustrial markets.