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 112 shares of Company stock on June 16, 2020 at prices ranging from $581.39 to $581.40. 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 16, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 18 shares of Company stock on June 16, 2020 at prices ranging from $582.53 to $582.78. 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 16, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 130 shares of Company stock on June 16, 2020 at prices ranging from $585.11 to $585.89. 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 June 16, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 413 shares of Company stock on June 16, 2020 at prices ranging from $586.29 to $586.84. 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 16, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 373 shares of Company stock on June 16, 2020 at prices ranging from $587.05 to $587.93. 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 June 16, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 147 shares of Company stock on June 16, 2020 at prices ranging from $588.60 to $588.89. 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 June 16, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 153 shares of Company stock on June 16, 2020 at prices ranging from $590.00 to $590.88. 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 16, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 233 shares of Company stock on June 16, 2020 at prices ranging from $591.06 to $591.95. 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 16, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 214 shares of Company stock on June 16, 2020 at prices ranging from $592.01 to $592.41. 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 16, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 747 shares of Company stock on June 16, 2020 at prices ranging from $594.05 to $594.98. 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 June 16, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 403 shares of Company stock on June 16, 2020 at prices ranging from $595.08 to $595.96. 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 June 16, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 294 shares of Company stock on June 16, 2020 at prices ranging from $596.00 to $596.59. 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 16, 2020 at each separate price. |
(14) | These shares are held in a trust for the benefit of the reporting person's spouse. The reporting person and the reporting person's spouse are trustees of the trust. |
(15) | The stock option award (combined incentive stock option and non-qualified stock option) vests in four equal annual installments, commencing one year after the date of grant. |
(16) | The stock option award vests in four equal annual installments, commencing one year after the date of grant. |