Explanation of Responses: |
(1) | Represents volume-weighted average price of sales of 600 shares of Company stock on May 7, 2020 at prices ranging from $557.13 to $557.89. 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 7, 2020 at each separate price. |
(2) | Represents volume-weighted average price of sales of 2,118 shares of Company stock on May 7, 2020 at prices ranging from $558.02 to $558.80. 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 May 7, 2020 at each separate price. |
(3) | Represents volume-weighted average price of sales of 500 shares of Company stock on May 7, 2020 at prices ranging from $559.05 to $559.36. 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 7, 2020 at each separate price. |
(4) | Represents volume-weighted average price of sales of 3,231 shares of Company stock on May 7, 2020 at prices ranging from $560.00 to $560.93. 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 May 7, 2020 at each separate price. |
(5) | Represents volume-weighted average price of sales of 4,988 shares of Company stock on May 7, 2020 at prices ranging from $561.00 to $561.97. 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 May 7, 2020 at each separate price. |
(6) | Represents volume-weighted average price of sales of 2,077 shares of Company stock on May 7, 2020 at prices ranging from $562.03 to $562.94. 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 May 7, 2020 at each separate price. |
(7) | Represents volume-weighted average price of sales of 2,195 shares of Company stock on May 7, 2020 at prices ranging from $563.00 to $563.98. 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 May 7, 2020 at each separate price. |
(8) | Represents volume-weighted average price of sales of 3,000 shares of Company stock on May 7, 2020 at prices ranging from $564.04 to $564.92. 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 7, 2020 at each separate price. |
(9) | Represents volume-weighted average price of sales of 5,984 shares of Company stock on May 7, 2020 at prices ranging from $565.03 to $565.99. 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 7, 2020 at each separate price. |
(10) | Represents volume-weighted average price of sales of 7,297 shares of Company stock on May 7, 2020 at prices ranging from $566.00 to $566.95. 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 7, 2020 at each separate price. |
(11) | Represents volume-weighted average price of sales of 3,753 shares of Company stock on May 7, 2020 at prices ranging from $567.00 to $567.98. 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 May 7, 2020 at each separate price. |
(12) | Represents volume-weighted average price of sales of 3,040 shares of Company stock on May 7, 2020 at prices ranging from $568.10 to $568.99. 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 7, 2020 at each separate price. |
(13) | Represents volume-weighted average price of sales of 700 shares of Company stock on May 7, 2020 at prices ranging from $569.02 to $569.76. 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 7, 2020 at each separate price. |
(14) | With respect to 33,079 underlying shares (of which 0 remain outstanding), the stock option award vested in four equal annual installments, commencing one year after the date of grant. With respect to 52,500 underlying shares (of which 0 remain outstanding), the option became exercisable on December 31, 2014, based upon the satisfaction by the company of certain performance criteria during the period ended December 31, 2014. |