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AAPL Stock: 121.3 ( -1.07 )

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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 MacNN Staff

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