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

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Posted January 18, 2013 at 5:38pm by Shalom Levytam

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]

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

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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 ?

Skyluck - January 20, 2013 at 4:05am

Yeah ! This is better than be a president ! No gray hair and people no hate you !!! Goodluck !!! In this World only One really easy to do to make this come Peaceful and nice but people can't make it !!!!!!

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!

Alw - 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

Noman - 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?

Tjp - January 19, 2013 at 7:08am

He Finally has the money to go on a long man-bear-pig hunting expedition.

Why - January 19, 2013 at 1:31am

Why are you guy freaking out? The man was awarded AWARDED options by the company he works for. What's the problem? Oh! The problem is that you guys can't get it.

justabrake - January 19, 2013 at 2:14pm

I think those options should have expired years ago and yet he still has more coming to him

Casual observer - January 19, 2013 at 12:53am

He changed parties?

Why - January 18, 2013 at 10:29pm

O well that's the way life is

Baxter - January 18, 2013 at 7:54pm

The good things thing is that at least the IRS will ding him a bit. When you buy options, the difference between market & share price goes into an AMT calculation, usually forcing you to pay taxes just for buying the options. Such a large gap ($29M in this case) should require a pretty penny to the IRS, one would hope anyway.