Explanation of Responses: |
(1) | The transaction reported in this Form 4 was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person at least 90 days prior to the trading date. |
(2) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $268.9100 to $269.7800 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(3) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $270.0100 to $270.9900 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(4) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $271.4000 to $272.0900 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(5) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $272.2400 to $273.1700 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(6) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $273.3000 to $274.2200 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(7) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $274.3000 to $275.1700 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(8) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $275.3200 to $276.3100 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(9) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $276.3700 to $277.0000 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(10) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $279.4700 to $279.9600 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(11) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $280.5800 to $280.8300 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(12) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $281.7000 to $282.4800 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(13) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $269.7900 to $270.3400 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(14) | Shares held in The Marc R. Benioff Revocable Trust. |
(15) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $270.8500 to $271.5300 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(16) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $272.1300 to $272.9900 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(17) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $273.3900 to $274.2300 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(18) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $274.6700 to $275.6600 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(19) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $275.7900 to $276.5500 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(20) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $276.8500 to $276.8800 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(21) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $279.6800 to $280.3300 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(22) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $281.8700 to $282.4800 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(23) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $283.0400 to $283.0500 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or 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 above. |
(24) | Option is exercisable and vests over four years at the rate of 25% on November 26, 2014, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months. |