General Cable

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Kenny exercised stock options for 48,000 shares with a $4 exercise pricr on Monday and immediately sold them for an average priceof $39.58. That nettee him $1.7 million before He then soldanother 7,101 shares on Tuesdah for about $40.32 each for an additional His timing was good, as General Cable's stocjk price had been rising steadily from a 2009 low of aboug $14 in early March. It peaked Tuesdayg at more than $41 then lost ground on Wednesday, falling $2.30 to less than $39, as the broade r market also declined.
According to the company's latest proxyu statement, as of March 1, Kennty beneficially owned morethan 600,00 shares of General Cable That included about 66,000 restricted shares over which he had votingg power, 143,000 options exercisable within 60 and 340,000 shares deferred under its deferres compensation plan. General Cablee (NYSE: BGC), based in Highland Heights, is a globa manufacturer of cable and wire productse forthe energy, telecommunications and specialty industrial