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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | 02/09/2011 | A | 17,000 | (3) | (3) | Common Stock | 17,000 | $ 0 | 17,000 | D | ||||
Stock Option (Right to Buy) | $ 42.87 | 02/09/2011 | A | 109,000 | (4) | 02/09/2021 | Common Stock | 109,000 | $ 0 | 109,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KENNY GREGORY B 4 TESSENEER DRIVE HIGHLAND HEIGHTS, KY 41076 |
X | President and CEO |
/s/ Robert J. Siverd, Attorney-in-Fact for Gregory B. Kenny | 02/09/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Restrictions on a portion of the restricted stock granted to Mr. Kenny on February 7, 2006 have lapsed. Of the total 10,155 shares that vested, Mr. Kenny elected to transfer 3,044 shares to General Cable to satisfy his tax withholding obligations. |
(2) | A portion of these shares are held in the General Cable Retirement Savings Plan as share equivalents and are valued at the market close price on February 7, 2011. The reporting person did not acquire any additional share equivalents since his last Form 4 filing. |
(3) | Each restricted stock unit granted on February 9, 2011 represents a right to receive one share of common stock and will cliff vest on February 9, 2016 provided General Cable has earned at least $1.00 of cumulative net income during the vesting period. Vested shares will be delivered to the reporting person within 90 days after the vesting date. |
(4) | Stock options granted February 9, 2011, which vest ratably on the first three anniversaries of the grant date. |