Explanation of Responses: |
(1) | Disposition/acquisition made pursuant to a plan intended to comply with Rule 10b5-1(c). |
(2) | Represents volume-weighted average price of sales of 89 shares of Company stock on April 17, 2020 at prices ranging from $558.61 to $558.67. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 17, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 155 shares of Company stock on April 17, 2020 at prices ranging from $559.21 to $559.39. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 17, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 232 shares of Company stock on April 17, 2020 at prices ranging from $560.02 to $560.87. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 17, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 92 shares of Company stock on April 17, 2020 at prices ranging from $561.92 to $561.98. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 17, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 66 shares of Company stock on April 17, 2020 at prices ranging from $563.39 to $563.87. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 17, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 225 shares of Company stock on April 20, 2020 at prices ranging from $563.56 to $563.90. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 340 shares of Company stock on April 20, 2020 at prices ranging from $564.14 to $564.97. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 902 shares of Company stock on April 20, 2020 at prices ranging from $565.05 to $565.91. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 944 shares of Company stock on April 20, 2020 at prices ranging from $566.01 to $566.97. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 126 shares of Company stock on April 20, 2020 at prices ranging from $568.10 to $568.17. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 66 shares of Company stock on April 20, 2020 at prices ranging from $569.10 to $569.33. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 64 shares of Company stock on April 20, 2020 at prices ranging from $572.19 to $572.48. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(14) | Represents volume-weighted average price of sales of 320 shares of Company stock on April 20, 2020 at prices ranging from $573.01 to $573.75. Upon request by the Commission staff, the Company, or a security holder of the Company, the reporting person will provide full information regarding the number of shares sold by the reporting person on April 20, 2020 at each separate price. |
(15) | The stock option award vests in four equal annual installments, commencing one year after the date of grant. |