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Al Gore scores a sweet deal on some Apple stock

Al Gore purchases 59,000 shares of Apple stock, enjoys a nice profit

By Anthony Garreffa | Jan 22, 2013 12:33 am CST

Thanks to the US Securities and Exchange Commission filing, Al Gore, who sits on the Apple board, recently purchased 59,000 shares of Apple stock. This shouldn't be news, but the following bit will make you realise why: Gore purchased the stock at a rock bottom price of $7.48 per share.

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At just $7.48 per share, Gore made a ridiculous amount of profit. The reason he was able to grab the stock at such a low price, is that he exercised his director stock options. Gore's 59,000 shares are worth a very nice $29.5 million, a nice profit as he only paid $440,000 for the stock. Gore was awarded 30,000 options when he joined the board of Apple in 2003 and at the time the stock in Apple was worth $14.95 per share.

Gore purchased 60,000 shares in Apple at the same price back in 2008, when Apple shares were worth $124 or so each. The Apple board member still has 61,574 share options available through his heavy discount options, even after this transaction has taken place.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

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