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 200 shares of Company stock on June 8, 2020 at prices ranging from $581.98 to $582.63. 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 June 8, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 1,175 shares of Company stock on June 8, 2020 at prices ranging from $583.15 to $584.11. 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 June 8, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 200 shares of Company stock on June 8, 2020 at prices ranging from $585.75 to $585.59. 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 June 8, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 300 shares of Company stock on June 8, 2020 at prices ranging from $586.80 to $587.48. 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 June 8, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 3,200 shares of Company stock on June 8, 2020 at prices ranging from $587.88 to $587.95. 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 June 8, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 200 shares of Company stock on June 8, 2020 at prices ranging from $589.41 to $590.32. 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 June 8, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 700 shares of Company stock on June 8, 2020 at prices ranging from $594.86 to $595.81. 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 June 8, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 1,111 shares of Company stock on June 8, 2020 at prices ranging from $595.91 to $596.85. 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 June 8, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 771 shares of Company stock on June 8, 2020 at prices ranging from $597.04 to $597.85. 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 June 8, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 200 shares of Company stock on June 8, 2020 at prices ranging from $599.66 to $600.58. 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 June 8, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 400 shares of Company stock on June 8, 2020 at prices ranging from $600.85 to $601.66. 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 June 8, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 1,196 shares of Company stock on June 8, 2020 at prices ranging from $602.15 to $603.00. 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 June 8, 2020 at each separate price. |
(14) | Represents volume-weighted average price of sales of 525 shares of Company stock on June 8, 2020 at prices ranging from $603.25 to $604.22. 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 June 8, 2020 at each separate price. |
(15) | Represents volume-weighted average price of sales of 200 shares of Company stock on June 8, 2020 at prices ranging from $604.40 to $604.58. 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 June 8, 2020 at each separate price. |
(16) | The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant. |