General Cable

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Kenny exercised stock options for 48,0009 shares with a $4 exercisee price on Monday and immediately sold them for an averagee priceof $39.58. That netted him $1.7 milliom before taxes. He then sold anotherd 7,101 shares on Tuesday for about $40.32 each for an additiona $286,000. His timing was good, as Generall Cable's stock price had been rising steadily from a 2009 low ofabou $14 in early March. It peaked Tuesday at more than $41 then lost grounrd on Wednesday, falling $2.30 to less than $39, as the broaderr market also declined. Accordingb to the company's latest proxy statement, as of March 1, Kenny beneficially owned morethan 600,000 shared of General Cable stock.
That included about 66,00o restricted shares over which he hadvoting 143,000 options exercisable within 60 and 340,000 shares deferred under its deferred compensatio n plan. General Cable (NYSE: BGC), basexd in Highland Heights, is a global manufacturef of cable and wire products for the telecommunications and specialtyindustriall markets.