Al Gore's Wallet Is Stacked with Nearly $30M in New Apple (AAPL) Stock to Sell
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Fresh off a deal to sell Current TV to Al Jazeera, Al Gore's pocketbook just got a little fatter Friday.
The former Vice President exercised options on 59,000 Apple (Nasdaq: AAPL) shares at $7.475. The value of the shares at the current market price is about $29,500,000 based on the current price of $500 per share.
Gore owned 2,574 direct shares prior to today's option exercise, giving him a total of 61,574 shares.
Before the big drop in Apple's stock, Gore's entire stake was worth about $43 million. Now the total stake is worth about $31 million.
For now, Gore is not selling any of his new stock, instead choosing to sit on them.
Gore, who sits on the board of Apple, was granted the options on March 19, 2003 and they vested in three equal annual installments.
The former Vice President exercised options on 59,000 Apple (Nasdaq: AAPL) shares at $7.475. The value of the shares at the current market price is about $29,500,000 based on the current price of $500 per share.
Gore owned 2,574 direct shares prior to today's option exercise, giving him a total of 61,574 shares.
Before the big drop in Apple's stock, Gore's entire stake was worth about $43 million. Now the total stake is worth about $31 million.
For now, Gore is not selling any of his new stock, instead choosing to sit on them.
Gore, who sits on the board of Apple, was granted the options on March 19, 2003 and they vested in three equal annual installments.
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