Explanation of Responses: |
(1) | Represents volume-weighted average price of sales of 1,400 shares of Company stock on August 25, 2020 at prices ranging from $600.04 to $600.93. 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 August 25, 2020 at each separate price. |
(2) | Represents volume-weighted average price of sales of 300 shares of Company stock on August 25, 2020 at prices ranging from $601.64 to $601.81. 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 August 25, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 400 shares of Company stock on August 25, 2020 at prices ranging from $602.05 to $602.97. 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 August 25, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 3,000 shares of Company stock on August 25, 2020 at prices ranging from $603.02 to $603.95. 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 August 25, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 3,705 shares of Company stock on August 25, 2020 at prices ranging from $604.00 to $604.99. 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 August 25, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 4,700 shares of Company stock on August 25, 2020 at prices ranging from $605.00 to $605.99. 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 August 25, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 5,168 shares of Company stock on August 25, 2020 at prices ranging from $606.05 to $606.85. 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 August 25, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 2,384 shares of Company stock on August 25, 2020 at prices ranging from $607.13 to $607.97. 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 August 25, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 760 shares of Company stock on August 25, 2020 at prices ranging from $609.15 to $609.85. 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 August 25, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 3,793 shares of Company stock on August 25, 2020 at prices ranging from $610.00 to $610.96. 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 August 25, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 3,840 shares of Company stock on August 25, 2020 at prices ranging from $611.14 to $611.99. 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 August 25, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 1,900 shares of Company stock on August 25, 2020 at prices ranging from $612.09 to $612.94. 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 August 25, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 800 shares of Company stock on August 25, 2020 at prices ranging from $613.07 to $613.89. 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 August 25, 2020 at each separate price. |
(14) | Represents volume-weighted average price of sales of 300 shares of Company stock on August 25, 2020 at prices ranging from $614.01 to $614.29. 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 August 25, 2020 at each separate price. |
(15) | The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant. |