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