Explanation of Responses: |
(1) | Represents volume-weighted average price of sales of 1,600 shares of Company stock on May 6, 2020 at prices ranging from $541.56 to $541.68. 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 May 6, 2020 at each separate price. |
(2) | Represents volume-weighted average price of sales of 496 shares of Company stock on May 6, 2020 at prices ranging from $542.00 to $542.75. 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 May 6, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 1,260 shares of Company stock on May 6, 2020 at prices ranging from $543.00 to $543.39. 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 May 6, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 405 shares of Company stock on May 6, 2020 at prices ranging from $544.35 to $544.58. 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 May 6, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 1,390 shares of Company stock on May 6, 2020 at prices ranging from $545.00 to $545.99. 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 May 6, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 1,631 shares of Company stock on May 6, 2020 at prices ranging from $546.00 to $546.83. 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 May 6, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 1,597 shares of Company stock on May 6, 2020 at prices ranging from $547.00 to $547.88. 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 May 6, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 2,597 shares of Company stock on May 6, 2020 at prices ranging from $548.00 to $548.60. 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 May 6, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 4,113 shares of Company stock on May 6, 2020 at prices ranging from $549.00 to $549.92. 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 May 6, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 7,295 shares of Company stock on May 6, 2020 at prices ranging from $550.00 to $550.95. 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 May 6, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 7,341 shares of Company stock on May 6, 2020 at prices ranging from $551.00 to $551.99. 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 May 6, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 6,477 shares of Company stock on May 6, 2020 at prices ranging from $552.00 to $552.89. 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 May 6, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 5,423 shares of Company stock on May 6, 2020 at prices ranging from $553.01 to $553.76. 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 May 6, 2020 at each separate price. |
(14) | Represents volume-weighted average price of sales of 2,172 shares of Company stock on May 6, 2020 at prices ranging from $554.00 to $554.72. 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 May 6, 2020 at each separate price. |
(15) | Represents volume-weighted average price of sales of 1,595 shares of Company stock on May 6, 2020 at prices ranging from $555.00 to $555.68. 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 May 6, 2020 at each separate price. |
(16) | Represents volume-weighted average price of sales of 4,731 shares of Company stock on May 6, 2020 at prices ranging from $556.14 to $556.50. 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 May 6, 2020 at each separate price. |
(17) | The stock option becomes exercisable in three equal annual installments, commencing one year after the date of grant. |