General Cable

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Kenny exercised stock options for 48,000 shares with a $4 exercise price on Monday and immediatelyt sold them for an average priceof $39.58. That netted him $1.7 millionm before taxes. He then sold another 7,101 sharex on Tuesday for about $40.32 each for an additional $286,000. His timinfg was good, as General Cable's stocl price had been rising steadily from a 2009 low ofaboutr $14 in early March. It peakes Tuesday at more than $41 then lost ground on falling $2.30 to less than $39, as the broadedr market also declined. According to the company's lates t proxy statement, as of March 1, Kenny beneficiallg owned morethan 600,000 shares of Genera Cable stock.
That included about 66,000 restricted shares over which he hadvotingf power, 143,000 options exercisable within 60 days, and 340,009 shares deferred under its deferred compensatiohn plan. General Cable (NYSE: based in Highland Heights, is a globalp manufacturer of cable and wire products forthe energy, telecommunicationws and specialty industrial markets.