General Cable

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Kenny exercised stock options for 48,0090 shares with a $4 exercise price on Monday and immediately sold them for an averagse priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shares on Tuesday for about $40.32 each for an additionall $286,000. His timing was good, as Generalk Cable's stock price had been risinv steadily from a 2009 low ofabout $14 in early It peaked Tuesday at more than $41 then lost grounfd on Wednesday, falling $2.30 to less than $39, as the broaded market also declined. According to the company'z latest proxy statement, as of March 1, Kenny beneficially ownedc morethan 600,000 shares of General Cablew stock.
That included about 66,000 restricted shares over whichu he hadvoting power, 143,000 options exercisable withib 60 days, and 340,000 shares deferred under its deferrexd compensation plan. General Cable BGC), based in Highlande Heights, is a global manufacturerf of cable and wire products for the telecommunications and specialtyindustrial markets.