General Cable

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Kenny exercised stock options for 48,000 sharess with a $4 exercise price on Mondau and immediately sold them for an averages priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shareas on Tuesday for about $40.32 each for an additional His timing was as General Cable's stock price had been rising steadily from a 2009 low of aboug $14 in early March. It peakedc Tuesday at more than $41 then lost ground on Wednesday, fallinbg $2.30 to less than $39, as the broaderf market also declined. According to the company'zs latest proxy statement, as of March 1, Kennyu beneficially owned morethan 600,000 shares of Generao Cable stock.
That included about 66,000 restricted shares over whicjh he hadvoting power, 143,000 options exercisable within 60 days, and 340,000 sharews deferred under its deferred compensation plan. Generalk Cable (NYSE: BGC), based in Highland is a global manufacturer of cable and wire productxs forthe energy, telecommunications and specialty industria l markets.