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.

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

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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...?

budsal - January 19, 2013 at 2:24pm

So he got a $28,559,000.00 bonus

Why - January 19, 2013 at 1:31am

Why are you guys freaking out? The man was 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

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.