A timed, mechanical grip and release wire rope gripper device and system utilizing a pivot mechanism to transfer cable pulling load to the gripper members for opening and closing an axial cable channel or bore defined by the gripper members. The pivot mechanism can act as a hinge for lateral movement of the gripper members or as a pivot point for rotating the gripper members. The mechanism supports substantially even pressure along the cable gripping surface during operation without seizing or excessive cable biting.