Printed from http://www.electronista.com

Al Gore purchases $29.6 million in Apple stock for $441,000

updated 08:43 pm EST, Thu January 17, 2013

Lower price available by virtue of Gore's board position

A US Securities and Exchange Commission filing was made on Thursday, showing that Apple board member and former US Vice President Al Gore purchased 59.000 shares of Apple stock, currently worth over $29.6 million dollars. As a result of his board membership options, Gore paid $7.475 per share, paying $441,000 out of pocket for the shares.

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.

Gore has purchased shares twice before, once in January of 2008, and once in March in 2008. He was awarded 30,000 shares in 2003 after he joined Apple's board of directors, at a price of $14.95 per share.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News