Larry Ellison buys 70,000 Apple shares

“Oracle Corp. Chairman Lawrence Ellison, who resigned from Apple Computer Inc.’s (AAPL) board of directors in September, exercised options and acquired 70,000 shares of the computer maker, a regulatory filing on Friday said. The options were exercised on Nov. 18 and he acquired 60,000 common shares for $11.50 each and 10,000 shares for $13.99 each, the Securities and Exchange Commission filing said. After the transactions he directly held a total of 70,000 shares,” reports Reuters here.