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Politics : President Barack Obama
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To: Jim McMannis who wrote (133808)5/7/2013 6:55:10 AM
From: Sr K  Read Replies (1) of 149317
 
Re: Gore "sold about $30 million in Apple stock options that he was sitting on"

The "theatlanticwire" doesn't understand what happens with options. You usually can't sell employee or director options.

Gore didn't sell any. He exercised 59,000 of them accumulated over the years he has been a director (some may have been nearing their expiration date), and held the underlying 59,000 shares (worth $30 million when he exercised the options on January 15). He got a dividend on those shares in February and gets another one next week. The institution of the dividend and the increase in the dividend this month is in part because directors hold options and shares so they think like shareholders.
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