Sign in to follow this  

Al Gore gets 59k apple shares now worth $29.2M for $7.48 each

Recommended Posts

szo    120

Apple board member Al Gore uses options to snap up 59k shares now worth $29.2M for only $7.48 each

Apple board member Al Gore has exercised options to purchase 59,000 shares of the company?s stock for just $7.475 per share. That?s a steal even at today?s slightly-deflated-from-peak prices.

Gore exercised the options on the 15th of this month, and was awarded them according an SEC filing today. At the current stock price of $495.2 per share, the lump is worth around $29,217,095. And because he?s exercising them at such a low price, that stock is only going to cost him around $441,000.

Obviously, the common stock stands to go up very quickly after the earnings are announced next week (or down if you think Apple is a miss). Gore has exercised options at this price before, back in January of 2008, then in March of 2008. In March he only acted on 1,000 shares, with the remainder equaling, you guessed it, 59,000. In March of 2008, the stock was trading for around $124.

Gore was awarded 30K options for joining Apple?s board in 2003, but those were at a price of $14.95 per share.

Quite a nice deal for him again after him selling his "Current TV" network for $500 million to Al Jazeera. :laugh:

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.