Al Gore Buys $29.6 Million Worth of Apple Stock for $441,000

Al Gore Buys $29.6 Million Worth of Apple Stock for $441,000

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A SEC filing made yesterday reveals that Apple board member and former U.S. Vice-President Al Gore purchased 59,000 shares of AAPL worth over $29.6 million for $441,000 or $7.475 per share, reports Electronista. The discounted share price is a result of his board membership options.

The filing, called a "statement of changes in beneficial ownership" is required when any board member or executive-level staffer purchases or sells stock in a publicly-held company. Gore still has 61,574 share options available to purchase at a steep discount following this transaction.

Previously, Gore purchased Apple shares twice in 2008 and was awarded 30,000 shares in 2003 at $14.95 per share when joined Apple's board of directors.

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Al Gore Buys $29.6 Million Worth of Apple Stock for $441,000
trex1976 - January 20, 2013 at 10:04am
Who in the hell needs that kind of money ? Could you ever spend it all ?
cally - January 20, 2013 at 12:08am
He is a current Apple board member. Also, he waited until 2013 to exercise the options so he would pay more taxes. A true Patriot!
Al Whore - January 20, 2013 at 10:33pm
Don't you mean he waited til the stock was a shed load cheaper than when the options originally matured...?
justabrake - January 19, 2013 at 11:06pm
This is the 1%
budsal - January 19, 2013 at 2:24pm
So he got a $28,559,000.00 bonus
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