General Cable

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Kenny exercised stock options for 48,000 sharesa with a $4 exercise price on Monday and immediately sold them for an average priceof $39.58. That netted him $1.7 millionb before taxes. He then sold another 7,10q shares on Tuesday for about $40.32 each for an additionalp $286,000. His timing was good, as General Cable'a stock price had been risingy steadily from a 2009 low ofabout $14 in earlhy March. It peaked Tuesday at more than $41 then lost grounsd on Wednesday, falling $2.30 to less than $39, as the broadert market also declined. According to the company's latesy proxy statement, as of March 1, Kenny beneficially owned morethan 600,00o shares of General Cablse stock.
That included about 66,000 restricted shares over whicjh he hadvoting power, 143,000 options exercisabld within 60 days, and 340,000 shares deferred under its deferred compensation plan. General Cable (NYSE: BGC), base in Highland Heights, is a global manufacturerr of cable and wire products for the telecommunications and specialtyindustrial