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

Posted January 18, 2013 at 5:38pm by iClarified | Please help us and submit a translation by clicking here | 15579 views

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.

Read More [via iSpazio]

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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
Latrelle - January 19, 2013 at 9:56pm
How is he going to pay his electric bill with such meager compensation?
Budsal - January 19, 2013 at 10:55pm
Guys like him don't pay their electric bill. That's part of how they get so rich.
Tom - January 19, 2013 at 7:32am
knowing this makes me less than comfortable knowing that my next purchase from apple will be funding a to some degree an American traitor!!
NoGoodNick - January 20, 2013 at 5:17pm
Seriously? A "traitor"? Is he a traitor because he follows the rules of capitalism legally in his home country, or because he's a 'liberal' democrat?
tom - January 20, 2013 at 6:50pm
Traitor yes,anyone that profits from the demise of a nation is a traitor, Gore has made multiple millions from a HOAKS (global climate change)Proven a HOAKS! and the sale of a media that has been paid for by those millions to an enemy of the USA Hell yes he is a traitor!!!
DavidG - January 20, 2013 at 8:01pm
You're an A traitor to the English language. Learn to spell hoax. Besides, traitors are those who all of a sudden now want to change a system or government that has made us the nation we are. A nation to where so many people from all over the world wish to come. Love it or leave it. It's too bad you didn't. Have he brains to make yourself rich.
DavidG - January 20, 2013 at 8:03pm
Sorry typos. It's too bad you didn't have the brains to make yourself rich as so many other millionaires have. You can do it here and no where else. Obviously, people need travel abroad a bit more. Enjoy your apple stocks Mister Gore.
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