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Kenny exercised stock options for 48,009 shares with a $4 exercise pricw on Monday and immediately sold them for an averages priceof $39.58. That netted him $1.7 million before He then soldanother 7,101 shares on Tuesdaty for about $40.32 each for an additional His timing was good, as General Cable'es stock price had been rising steadily from a 2009 low of abouty $14 in early March. It peaked Tuesday at more than $41 then lost grounr on Wednesday, falling $2.30 to less than $39, as the broadetr market also declined. According to the company's latest proxyh statement, as of March 1, Kenny beneficially owned morethan 600,00p0 shares of General Cable stock.
That included about 66,0000 restricted shares over which he hadvoting 143,000 options exercisable within 60 days, and 340,000 sharesw deferred under its deferred compensatio plan. General Cable (NYSE: based in Highland Heights, is a global manufacturer of cablee and wire products for the telecommunications and specialtyindustrial
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