Al Gore buys 59K shares of AAPL stock valued at over $29.6M

It was revealed in an U.S. Securities and Exchange Commission filing on Thursday that Apple board member Al Gore purchased 59,000 shares of AAPL stock worth over $29.6 million based on the stock's closing price today.

The SEC filing notes that Gore exercised the director stock option on Tuesday to acquire 59,000 shares at a price of $7.475 per share, meaning the purchase cost him roughly $441,000, reports The Next Web.

With AAPL closing Thursday $502.68 per share, Gore's 59,000 shares are currently worth some $29,658,120. According to the filing, Gore still has 61,574 non-derivative shares left after the transaction.

Gore was appointed to Apple's board in 2003.

18 Comments

djkikrome

said about 10 years ago

I would LOVE to buy $500 value stock for $7. What bullshit.

pharding

said about 10 years ago

That is outrageous for Apple to do that. As an Apple shareholder I find that to be nauseating. SHAME ON APPLE !!!!

mikeb85

said about 10 years ago

Quote:

Originally Posted by pharding

That is outrageous for Apple to do that. As an Apple shareholder I find that to be nauseating. SHAME ON APPLE !!!!

Well odds are they were long-term options contracts made when Apple was still under $7 per share. In 2003 Apple's shares stayed under $6... If you had bought Apple shares or options in 2003 you could also get them for that price.

Seriously, you people need to learn how markets work...