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Former Vice President and Apple Board-member Al Gore has used his stock options to purchase more shares of Apple stock at a discounted price, according to reports.
It appears he has used his board position to buy 1,000 shares in Apple at a reduced $7.48, giving him immediate $124,060 profit potential. Those shares were worth $131,540 by the end of Tuesday, as Apple is seeing it’s stock crawl back up.
Gore still has the opportunity to buy as many as 59,000 more shares later on.
Apple stock has been falling dramatically since the beginning of the year, losing more than $70 since it’s $200 high in December. Starting this Monday, Apple stock began to crawl back up, and made a reasonable spike of over $3.00 Thursday, closing at $135.36 as of this writing.
Read [MacNN]
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