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Tue, 25 Mar 2008 Al Gore gains 10,000 Apple options

Al Gore granted right to secure 10,000 Apple shares

Jonny Evans

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Apple board member and former US vice president, Al Gore, has been granted an option to buy 10,000 Apple shares.

The share purchase opportunity expires in ten years and allows Gore to pick up the shares at $129.67 each, Apple’s closing price on 19 March. With Apple’s stock reaching $200 per share earlier this year, this share option grant could be a profit maker for the board member.

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Gore took a seat on the Apple board in 2003. He also advises Google and venture capital firm Kleiner Perkins Caufield & Byers, (that firm administrates Apple’s $100 million iPhone development fund). Gore also co-founded Current TV.

Gore, 59, serves on Apple’s compensation and the nominating and corporate- governance committees.

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