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 400 shares of Company stock on June 21, 2018 at prices ranging from $323.96 to $323.98. 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 21, 2018 at each separate price.
|
(3)
|
Represents volume-weighted average price of sales of 500 shares of Company stock on June 21, 2018 at prices ranging from $324.16 to $324.23. 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 21, 2018 at each separate price.
|
(4)
|
Represents volume-weighted average price of sales of 8,047 shares of Company stock on June 21, 2018 at prices ranging from $325.05 to $325.99. 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 June 21, 2018 at each separate price.
|
(5)
|
Represents volume-weighted average price of sales of 15,594 shares of Company stock on June 21, 2018 at prices ranging from $326.00 to $326.99. 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 June 21, 2018 at each separate price.
|
(6)
|
Represents volume-weighted average price of sales of 19,393 shares of Company stock on June 21, 2018 at prices ranging from $327.00 to $327.99. 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 June 21, 2018 at each separate price.
|
(7)
|
Represents volume-weighted average price of sales of 12,426 shares of Company stock on June 21, 2018 at prices ranging from $328.00 to $328.96. 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 21, 2018 at each separate price.
|
(8)
|
Represents volume-weighted average price of sales of 12,854 shares of Company stock on June 21, 2018 at prices ranging from $329.00 to $329.99. 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 June 21, 2018 at each separate price.
|
(9)
|
Represents volume-weighted average price of sales of 3,096 shares of Company stock on June 21, 2018 at prices ranging from $330.00 to $330.92. 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 21, 2018 at each separate price.
|
(10)
|
Represents volume-weighted average price of sales of 1,300 shares of Company stock on June 21, 2018 at prices ranging from $332.40 to $332.94. 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 June 21, 2018 at each separate price.
|
(11)
|
Represents volume-weighted average price of sales of 500 shares of Company stock on June 21, 2018 at prices ranging from $333.01 to $333.28. 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 21, 2018 at each separate price.
|
(12)
|
Represents volume-weighted average price of sales of 300 shares of Company stock on June 21, 2018 at prices ranging from $335.00 to $335.01. 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 21, 2018 at each separate price.
|
(13)
|
By a trust for the benefit of certain grandchildren of the reporting person, of which the reporting person and/or the spouse of the reporting person is trustee.
|
(14)
|
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.
|