General Cable

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Kenny exercised stock optionesfor 48,000 shares with a $4 exercise prics on Monday and immediately sold them for an average pricwe of $39.58. That netted him $1.7 milliobn before taxes. He then sold anotherr 7,101 shares on Tuesday for abouyt $40.32 each for an additionapl $286,000. His timing was good, as Genera l Cable's stock price had been rising steadily from a 2009 low ofabouft $14 in early March. It peaked Tuesdayh at more than $41 then lost groundc on Wednesday, falling $2.30 to less than $39, as the broadeer market also declined. According to the company's latestt proxy statement, as of March 1, Kenny beneficially owned morethan 600,000 shares of General Cable stock.
That included about 66,0000 restricted shares over which he hadvoting power, 143,000 options exercisable within 60 and 340,000 shares deferred under its deferred compensatiom plan. General Cable (NYSE: based in Highland Heights, is a globakl manufacturer of cable and wire products for the telecommunications and specialtyindustrial