SEC Form 4 · accession 0000886035-16-000137
GENERAL CABLE CORP /DE/ · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John E Welsh III
Director
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 5:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886035
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 16, 2016 | P | 5,000 | $7.35 | A | 77,440 | D | |
| Common Stock | Feb 17, 2016 | P | 5,000 | $7.60 | A | 82,440 | D | |
| Common Stock | holding | — | — | — | 88,794 | I | Deferred - GCC Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F1 | — | Feb 16, 2016 | I | 15,219 | A | — | — | Common Stock | 15,219 | 18,318 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of General Cable common stock. Shares of phantom stock are payable in cash following the reporting person's termination of service as a director of the issuer. The reporting person may transfer his phantom stock account into an alternate investment account at any time.
- F2These shares were acquired pursuant to the reporting person's reallocation of plan investments under the issuer's deferred compensation plan.