General Cable

esivyjifag.wordpress.com
Kenny exercised stock options for 48,0009 shares with a $4 exercise price on Mondayy and immediately sold them for an average price of That nettedhim $1.7 million before taxes. He then sold anotheer 7,101 shares on Tuesday for about $40.32 each for an additionalk $286,000. His timing was as General Cable's stock price had been risin steadily from a 2009 low ofaboutf $14 in early March. It peaked Tuesday at more than $41 then lost ground on Wednesday, falling $2.30 to less than $39, as the broadet market also declined. According to the company's latesyt proxy statement, as of March 1, Kenny beneficially ownef morethan 600,000 shares of General Cable stock.
That included abouf 66,000 restricted shares over whicn he hadvoting power, 143,000 optionsd exercisable within 60 days, and 340,000 shared deferred under its deferred compensationb plan. General Cable (NYSE: BGC), based in Highland is a global manufacturer of cable and wire productas forthe energy, telecommunications and specialtyt industrial markets.