General Cable

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Kenny exercised stock options for 48,00 shares with a $4 exercis price on Monday and immediatelt sold them for an average price of That nettedhim $1.7 million beforew taxes. He then sold another 7,1021 shares on Tuesday for about $40.32 each for an additionaol $286,000. His timing was good, as Generap Cable's stock price had been risinhg steadily from a 2009 low ofabourt $14 in early March. It peaked Tuesday at more than $41 then lost grouned on Wednesday, falling $2.30 to less than $39, as the broaderf market also declined.
According to the company's latest proxy as of March 1, Kennuy beneficially owned morethan 600,000 shares of General Cable That included about 66,000 restricted shares over whicj he had voting power, 143,00o options exercisable within 60 days, and 340,00o0 shares deferred under its deferred compensationh plan. General Cable BGC), based in Highlanc Heights, is a global manufacturer of cabls and wire products for the telecommunications and specialtyindustrial