Slashdot Mirror

← Back to Stories (view on slashdot.org)

Al Gore Sells $29.5 Million In Apple Stock (appleinsider.com)

Posted by BeauHD on from the time-to-jump-ship dept.

An anonymous reader quotes a report from AppleInsider: A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of Apple stock (APPL) worth about $29.5 million. Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of Apple shares made in 2013. When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each. Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.

4 of 198 comments (clear)

  1. That's a lot . . . by PeeAitchPee · · Score: 4, Funny

    . . . of carbon credits!

  2. Re:Sold at 1/5th original value? ummm... by Plumpaquatsch · · Score: 3, Funny

    So when he acquired them they were worth ~ $500 ... and sold for ~$136. Must have read that wrong, yeah?

    Pst. I'll let you in on a secret Wallstreet doesn't want you to know about: It's called a 7:1 stock split.

    --
    Of course news about a fake are Fake News.
  3. Re:Being on a board of directors is good work by 140Mandak262Jamuna · · Score: 3, Funny

    Still, if you are looking for someone to sit on your board, I'll be happy to do it at half that rate!

    And I will do it for half your rate.

    And I have 34 slashdot achievements, 5 more than the competitor's who is quoting double my price.

    --
    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
  4. Re: Poor Guy. Guess He Needs the Money... by Anonymous Coward · · Score: 2, Funny

    Are those the same fifth graders who write Trumps' speeches?