Explanation of
Responses: |
(1) |
Each share of Class B Common
Stock is convertible into one share of Class A Common Stock at the
option of the holder and has no expiration date. |
(2) |
This transaction was
effected pursuant to a Rule 10b5-1 trading plan previously adopted
by the Reporting Person. |
(3) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $200.00 to $200.90 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(4) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $201.08 to $202.01 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(5) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $202.10 to $203.01 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(6) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $203.39 to $204.05 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(7) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $204.68 to $205.48 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(8) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $205.68 to $206.61 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(9) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $206.80 to $207.65 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(10) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $208.02 to $208.39 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(11) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $209.15 to $209.94 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(12) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $211.09 to $212.03 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(13) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $212.09 to $212.95 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(14) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $213.47 to $214.35 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(15) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $214.52 to $215.48 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(16) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $215.52 to $216.40 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(17) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $216.52 to $217.33 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(18) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $217.54 to $218.13 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(19) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $219.03 to $220.00 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(20) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $220.11 to $220.90 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(21) |
The reported price in Column
4 is a weighted average price. These shares were sold in multiple
transactions at prices ranging from $221.26 to $221.30 per share,
inclusive. The Reporting Person undertakes to provide to the
Issuer, any security holder of the Issuer, or to the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(22) |
Includes 151 shares of Class
A Common Stock acquired under a Section 423 Employee Stock Purchase
Plan. |
(23) |
The shares subject to the
option are fully vested and exercisable by the Reporting
Person. |
(24) |
20% of the shares subject to
the option vested on July 29, 2017, 20% of the shares subject to
the option vested on July 29, 2018 and the remaining shares subject
to the option shall vest in 36 equal monthly installments
thereafter, subject to the Reporting Person's continued employment
with the Issuer through each vesting date. The option is early
exercisable by the Reporting Person. |
(25) |
25% of the shares subject to
the option vested on February 1, 2019 and the remaining shares
subject to the option shall vest in 36 equal monthly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(26) |
25% of the shares subject to
the option vested on February 1, 2020 and the remaining shares
subject to the option shall vest in 36 equal monthly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(27) |
25% of the shares subject to
the option shall vest on February 1, 2021, and the remaining shares
subject to the option shall vest in 36 equal monthly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(28) |
Each Restricted Stock Unit
("RSU") represents the right to receive one share of the Issuer's
Class A Common Stock. |
(29) |
25% of the shares underlying
the RSU vested on March 15, 2019, and the remaining shares
underlying the RSU shall vest in 12 equal quarterly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(30) |
25% of the shares underlying
the RSU vested on March 15, 2020, and the remaining shares
underlying the RSU shall vest in 12 equal quarterly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(31) |
25% of the shares underlying
the RSU shall vest on March 15, 2021, and the remaining shares
underlying the RSU shall vest in 12 equal quarterly installments
thereafter, subject to the Reporting Person's continuous employment
with the Issuer on each such date. |
(32) |
17% of the shares underlying
the RSU vested on June 15, 2020, 33% of the shares underlying the
RSU shall vest on September 15, 2020, 39% of the shares underlying
the RSU shall vest on December 15, 2020, and the remaining 11% of
the shares underlying the RSU shall vest on March 15, 2021, subject
to the Reporting Person's continuous employment with the Issuer on
each such date. |