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 192 shares of Company stock on April 2, 2020 at prices ranging from $484.12 to $484.79. 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 2, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 441 shares of Company stock on April 2, 2020 at prices ranging from $485.01 to $485.89. 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 April 2, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 485 shares of Company stock on April 2, 2020 at prices ranging from $486.15 to $486.93. 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 April 2, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 470 shares of Company stock on April 2, 2020 at prices ranging from $487.32 to $487.97. 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 2, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 1,626 shares of Company stock on April 2, 2020 at prices ranging from $488.00 to $488.87. 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 2, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 734 shares of Company stock on April 2, 2020 at prices ranging from $489.31 to $489.98. 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 2, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 484 shares of Company stock on April 2, 2020 at prices ranging from $490.11 to $490.80. 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 2, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 450 shares of Company stock on April 2, 2020 at prices ranging from $491.13 to $491.70. 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 2, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 521 shares of Company stock on April 2, 2020 at prices ranging from $492.22 to $492.87. 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 2, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 652 shares of Company stock on April 2, 2020 at prices ranging from $493.01 to $493.54. 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 2, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 111 shares of Company stock on April 2, 2020 at prices ranging from $494.29 to $494.38. 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 2, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 321 shares of Company stock on April 2, 2020 at prices ranging from $495.09 to $495.24. 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 2, 2020 at each separate price. |
(14) | Represents volume-weighted average price of sales of 210 shares of Company stock on April 2, 2020 at prices ranging from $496.37 to $496.64. 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 2, 2020 at each separate price. |
(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. |