0001104659-18-022890.txt : 20180406 0001104659-18-022890.hdr.sgml : 20180406 20180406171949 ACCESSION NUMBER: 0001104659-18-022890 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180406 DATE AS OF CHANGE: 20180406 GROUP MEMBERS: BILL & MELINDA GATES FOUNDATION TRUST GROUP MEMBERS: MELINDA FRENCH GATES GROUP MEMBERS: WILLIAM H. GATES III SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC CENTRAL INDEX KEY: 0001067983 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 470813844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55113 FILM NUMBER: 18743994 BUSINESS ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE INVESTMENT, L.L.C. CENTRAL INDEX KEY: 0001052192 IRS NUMBER: 911680459 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 4258897900 MAIL ADDRESS: STREET 1: 2365 CARILLON POINT CITY: KIRKLAND STATE: WA ZIP: 98033 FORMER COMPANY: FORMER CONFORMED NAME: CASCADE INVESTMENT LLC DATE OF NAME CHANGE: 19980102 SC 13D/A 1 a18-9705_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 21)*

 

Berkshire Hathaway Inc.

(Name of Issuer)

 

Class B common stock, $0.0033 Par Value

(Title of Class of Securities)

 

084670702

(CUSIP Number)

 

Mike Rodden, Esq.

Jacki Badal, Esq.

2365 Carillon Point

Kirkland, WA 98033

(425) 889-7900

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

April 4, 2018

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   084670702

 

 

1.

Names of Reporting Persons
Cascade Investment, L.L.C.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
6,075,000 (1)

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
6,075,000 (1)

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
6,075,000 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.4% (2)

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1)             Cascade Investment, L.L.C. (“Cascade”) holds 4,050 shares of the Class A common stock (“Class A Shares”) of Berkshire Hathaway Inc. (the “Issuer”). Each Class A Share is convertible, at the option of the holder, into 1,500 shares of the Issuer’s Class B common stock (“Class B Shares”). The number of Class B Shares above assumes the conversion of Cascade’s 4,050 Class A Shares into 6,075,000 Class B Shares.  All shares of common stock held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade.

 

(2)             Based on an outstanding shares calculation equal to the sum of (i) 1,344,969,701 Class B Shares outstanding as of March 7, 2018, as reported on the Issuer’s proxy statement filed on March 16, 2018, and (ii) 6,075,000, which is the number of Class B Shares into which all Class A Shares held by Cascade may be converted.

 

2



 

CUSIP No.   084670702

 

 

1.

Names of Reporting Persons
Bill & Melinda Gates Foundation Trust

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
State of Washington

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
58,335,672 (1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
58,335,672 (1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
58,335,672 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.3% (2)

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


(1)             For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all shares of the Class B common stock (“Class B Shares”) of Berkshire Hathaway Inc. (the “Issuer”) beneficially owned by Bill & Melinda Gates Foundation Trust (the “Trust”) may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates as Co-Trustees of the Trust.

 

(2)             Based on 1,344,969,701 Class B Shares outstanding as of March 7, 2018, as reported on the Issuer’s proxy statement filed on March 16, 2018.

 

3



 

CUSIP No.   084670702

 

 

1.

Names of Reporting Persons
William H. Gates III

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC, OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
6,525,000 (1)

 

8.

Shared Voting Power
58,335,672
(2)

 

9.

Sole Dispositive Power
6,525,000
(1)

 

10.

Shared Dispositive Power
58,335,672
(2)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
64,860,672 (1) (2)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.8% (3)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1)             William H. Gates III beneficially owns 300 shares of Berkshire Hathaway Inc. (the “Issuer”) Class A common stock (“Class A Shares”) directly and an additional 4,050 Class A Shares through Cascade Investment, L.L.C. (“Cascade”), a limited liability company solely owned by Mr. Gates.  Each Class A Share is convertible, at the option of the holder, into 1,500 shares of the Issuer’s Class B common stock (“Class B Shares”).  The number of Class B Shares shown above assumes the conversion of the 300 Class A Shares held directly by Mr. Gates into 450,000 Class B Shares and the conversion of the 4,050 Class A Shares held by Cascade into 6,075,000 Class B Shares.

 

(2)             Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 58,335,672 Class B Shares.  For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Class B Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates, as Co-Trustees of the Trust.

 

(3)             Based on an outstanding shares calculation equal to the sum of (i) 1,344,969,701 Class B Shares outstanding as of March 7, 2018, as reported on the Issuer’s proxy statement filed on March 16, 2018, and (ii) 6,525,000, which is the number of Class B Shares into which all Class A Shares held by Cascade and by Mr. Gates may be converted.

 

4



 

CUSIP No.   084670702

 

 

1.

Names of Reporting Persons
Melinda French Gates

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
58,335,672
(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
58,335,672
(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
58,335,672 (1)

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.3% (2)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


(1)             Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 58,335,672 Class B Shares.  For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, all Class B Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates, as Co-Trustees of the Trust.

 

(2)             Based on 1,344,969,701 Class B Shares outstanding as of March 7, 2018, as reported on the Issuer’s proxy statement filed on March 16, 2018.

 

5



 

EXPLANATORY STATEMENT

 

This Amendment No. 21 to Schedule 13D (“Amendment”) relates to the Class B common stock, $0.0033 Par Value (“Class B Shares”), of Berkshire Hathaway Inc. (the “Issuer”). Cascade Investment, L.L.C. (“Cascade”), Bill & Melinda Gates Foundation Trust (the “Trust”), William H. Gates III and Melinda French Gates (collectively, the “Reporting Persons”) jointly file this Amendment to amend the Items set forth below of the Reporting Persons’ Schedule 13D previously filed with the Securities and Exchange Commission on August 24, 2006, as amended on July 17, 2007; March 20, 2008; July 3, 2008; March 6, 2009; July 2, 2009; March 2, 2010; March 19, 2010; July 2, 2010; November 12, 2010; March 18, 2011; July 7, 2011; January 13, 2012; July 6, 2012; November 19, 2012; March 28, 2013; July 10, 2013; December 13, 2013; January 15, 2014; April 3, 2015; and January 17, 2017. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The information set forth in the exhibits to this Schedule 13D, as amended, is expressly incorporated herein by reference and the response to each Item of this Amendment is qualified in its entirety by the provisions of such exhibits.  Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a “group” for any purpose and the Reporting Persons expressly disclaim membership in a group.

 

Item 3.                       Source and Amount of Funds or Other Consideration

 

Since its last Schedule 13D amendment, the Trust has received a gift of Class B Shares from Warren E. Buffett:

 

·                  14,220,001 Class B Shares donated on July 10, 2017. The closing price of a Class B Share on July 10, 2017, was $170.25.

 

Item 5.                       Interest in Securities of the Issuer

 

(a)         See items 11 and 13 of the cover pages to this Amendment for the aggregate number of shares and percentage of Class B Shares beneficially owned by each of the Reporting Persons as of April 4, 2018.

 

(b)         See items 7 through 10 of the cover pages to this Amendment for the number of Class B Shares beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition as of April 4, 2018.

 

(c)          During the period from February 3, 2018, through April 4, 2018, the Trust sold 3,353,200 Class B Shares, as set forth in Exhibit 99.1 hereto, pursuant to the Trust’s Rule 10b5-1 sales plan. The sales were made to facilitate compliance with federal excise tax rules limiting excess business holdings by private foundations.

 

(d)         None.

 

(e)          The Trust and Mrs. Gates ceased to be beneficial owners of more than five percent of the Class B Shares of the Issuer on November 2, 2017.

 

Mr. Gates ceased to be the beneficial owner of more than five percent of the Class B Shares of the Issuer on February 22, 2018.

 

Item 7.                       Material to be Filed as Exhibits

 

Exhibit 99.1                Sale transactions during the period from February 3, 2018, through April 4, 2018.

 

6



 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Date: April 6, 2018

CASCADE INVESTMENT, L.L.C. (1)

 

 

 

 

By:

*

 

 

 

Name:

Alan Heuberger (2)

 

 

Title:

Attorney-in-fact for Michael Larson, Business Manager

 

 

 

 

 

 

 

BILL & MELINDA GATES FOUNDATION TRUST (1)

 

 

 

 

By:

*

 

 

 

Name:

Alan Heuberger (3)

 

 

Title:

Attorney-in-fact for each of the Co-Trustees, William H. Gates III and Melinda French Gates

 

 

 

 

WILLIAM H. GATES III (1)

 

 

 

 

By:

*

 

 

 

Name:

Alan Heuberger (3) (4)

 

 

Title:

Attorney-in-fact

 

 

 

 

MELINDA FRENCH GATES (1)

 

 

 

 

By:

*

 

 

 

Name:

Alan Heuberger (3)

 

 

Title:

Attorney-in-fact

 

 

 

 

 

 

 

*By:

/s/ Alan Heuberger

 

 

Alan Heuberger

 


(1)             This Amendment is being filed jointly by the Reporting Persons pursuant to the Joint Filing Agreement dated August 24, 2006 and included with the signature page to the Reporting Persons’ Schedule 13D with respect to the Issuer filed on August 24, 2006, SEC File No. 005-55113, and incorporated by reference herein.

 

(2)             Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated October 11, 2013, by and on behalf of Michael Larson, filed as Exhibit 99.1 to Amendment No. 9 to Cascade’s Schedule 13D with respect to Western Asset/Claymore Inflation-Linked Opportunities & Income Fund on December 11, 2013, SEC File No. 005-81261, and incorporated by reference herein.

 

(3)             Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III and Melinda French Gates as Co-Trustees, filed as Exhibit 99.5 to Cascade’s Schedule 13D with respect to Grupo Televisa, S.A.B. on May 7, 2009, SEC File No. 005-60431 and incorporated by reference herein.

 

(4)             Duly authorized under Special Limited Power of Attorney appointing Alan Heuberger attorney-in-fact, dated August 12, 2008, by and on behalf of William H. Gates III, filed as Exhibit 99.2 to Amendment No. 1 to Cascade’s Schedule 13D with respect to Otter Tail Corporation on April 15, 2009, SEC File No. 005-06638 and incorporated by reference herein.

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

7


EX-99.1 2 a18-9705_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

The table below specifies the date of the transaction, number of shares, weighted-average price per share and range of price per share of Class B common stock of Berkshire Hathaway Inc. sold by Bill & Melinda Gates Foundation Trust (the “Trust”) during the period from February 3, 2018, through April 4, 2018.  The Trust undertakes to provide upon request by the staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price. All transactions were effected in the open market.

 

 

 

Number of

 

Weighted Average 

 

Range of Price per Share ($)

 

Date of Transaction

 

Shares Sold

 

Price per Share ($)

 

Low

 

High

 

April 4, 2018

 

5,299

 

194.7863

 

194.1350

 

195.1300

 

April 4, 2018

 

16,494

 

195.6955

 

195.1400

 

196.1300

 

April 4, 2018

 

11,207

 

196.5425

 

196.1400

 

197.1200

 

April 4, 2018

 

1,200

 

197.2942

 

197.1400

 

198.1300

 

April 4, 2018

 

15,572

 

198.7775

 

198.1900

 

199.1300

 

April 4, 2018

 

16,292

 

199.6506

 

199.1400

 

200.1300

 

April 4, 2018

 

12,036

 

200.3562

 

200.1400

 

200.5000

 

April 3, 2018

 

9,668

 

194.6185

 

193.9700

 

194.9600

 

April 3, 2018

 

37,570

 

195.3934

 

194.9700

 

195.9600

 

April 3, 2018

 

11,664

 

196.5523

 

195.9800

 

196.9600

 

April 3, 2018

 

18,998

 

197.3725

 

196.9700

 

197.9100

 

April 3, 2018

 

200

 

197.9950

 

197.9900

 

198.0000

 

April 2, 2018

 

7,548

 

192.7922

 

192.1200

 

193.1100

 

April 2, 2018

 

30,636

 

193.5573

 

193.1200

 

194.1100

 

April 2, 2018

 

18,916

 

194.5769

 

194.1200

 

195.0900

 

April 2, 2018

 

6,587

 

195.5419

 

195.1200

 

196.1100

 

April 2, 2018

 

6,298

 

196.6453

 

196.1200

 

197.1100

 

April 2, 2018

 

5,294

 

197.6257

 

197.1200

 

198.1100

 

April 2, 2018

 

2,821

 

198.3398

 

198.1500

 

198.8800

 

March 29, 2018

 

9,592

 

197.8260

 

197.3400

 

198.3000

 

March 29, 2018

 

15,136

 

198.8580

 

198.3500

 

199.3300

 

March 29, 2018

 

49,605

 

199.7879

 

199.3400

 

200.3300

 

March 29, 2018

 

14,267

 

200.5661

 

200.3400

 

200.9800

 

March 28, 2018

 

5,500

 

194.3827

 

193.8300

 

194.8200

 

March 28, 2018

 

11,238

 

195.3705

 

194.8300

 

195.8200

 

March 28, 2018

 

31,380

 

196.4970

 

195.8300

 

196.8200

 

March 28, 2018

 

31,982

 

197.1955

 

196.8300

 

197.8200

 

March 28, 2018

 

1,800

 

198.2422

 

197.9400

 

198.6300

 

March 27, 2018

 

9,027

 

195.2341

 

194.5800

 

195.5500

 

March 27, 2018

 

7,881

 

195.8831

 

195.5800

 

196.5700

 

March 27, 2018

 

5,638

 

197.0471

 

196.5800

 

197.5300

 

March 27, 2018

 

3,509

 

198.3365

 

197.5900

 

198.5400

 

March 27, 2018

 

17,750

 

199.1716

 

198.5900

 

199.5700

 

March 27, 2018

 

22,560

 

200.1394

 

199.5800

 

200.5700

 

March 27, 2018

 

15,535

 

200.9201

 

200.5800

 

201.3200

 

March 26, 2018

 

8,653

 

195.7292

 

195.1000

 

196.0900

 

March 26, 2018

 

16,287

 

196.5180

 

196.1100

 

197.0900

 

March 26, 2018

 

17,310

 

197.7119

 

197.1000

 

198.0900

 

March 26, 2018

 

25,251

 

198.6682

 

198.1000

 

199.0950

 

March 26, 2018

 

14,399

 

199.3131

 

199.1000

 

199.5600

 

March 23, 2018

 

6,170

 

192.4659

 

191.9000

 

192.8900

 

March 23, 2018

 

11,920

 

193.3517

 

192.9100

 

193.8600

 

March 23, 2018

 

2,900

 

194.1852

 

193.9000

 

194.5300

 

March 23, 2018

 

4,400

 

195.4239

 

194.9000

 

195.8900

 

March 23, 2018

 

32,762

 

196.4315

 

195.9300

 

196.8900

 

March 23, 2018

 

22,148

 

197.3802

 

196.9000

 

197.8900

 

 



 

 

 

Number of

 

Weighted Average 

 

Range of Price per Share ($)

 

Date of Transaction

 

Shares Sold

 

Price per Share ($)

 

Low

 

High

 

March 23, 2018

 

1,600

 

198.0613

 

197.9100

 

198.2700

 

March 22, 2018

 

7,396

 

197.7765

 

197.0400

 

198.0300

 

March 22, 2018

 

10,416

 

198.3670

 

198.0400

 

199.0300

 

March 22, 2018

 

23,114

 

199.6097

 

199.0400

 

200.0300

 

March 22, 2018

 

19,223

 

200.4784

 

200.0400

 

201.0200

 

March 22, 2018

 

15,950

 

201.4349

 

201.0400

 

201.9800

 

March 22, 2018

 

5,501

 

202.4805

 

202.0500

 

203.0200

 

March 22, 2018

 

300

 

203.0733

 

203.0600

 

203.0900

 

March 21, 2018

 

20,966

 

204.4993

 

204.0100

 

205.0000

 

March 21, 2018

 

34,898

 

205.4833

 

205.0100

 

206.0050

 

March 21, 2018

 

24,936

 

206.3799

 

206.0100

 

206.9200

 

March 21, 2018

 

1,100

 

207.0873

 

207.0200

 

207.1600

 

March 20, 2018

 

56,062

 

204.5011

 

203.8200

 

204.8100

 

March 20, 2018

 

25,838

 

205.0647

 

204.8200

 

205.5200

 

March 19, 2018

 

36,978

 

203.2949

 

202.6600

 

203.6500

 

March 19, 2018

 

12,212

 

204.0980

 

203.6700

 

204.6500

 

March 19, 2018

 

11,062

 

205.1251

 

204.6600

 

205.6500

 

March 19, 2018

 

17,448

 

206.3014

 

205.6600

 

206.6500

 

March 19, 2018

 

4,200

 

206.7852

 

206.6600

 

207.0000

 

March 16, 2018

 

46,737

 

207.0059

 

206.5000

 

207.4800

 

March 16, 2018

 

27,689

 

207.9577

 

207.5000

 

208.4500

 

March 16, 2018

 

7,474

 

208.6337

 

208.5100

 

208.9000

 

March 15, 2018

 

57,375

 

208.1050

 

207.6400

 

208.6300

 

March 15, 2018

 

24,525

 

208.9185

 

208.6400

 

209.2650

 

March 14, 2018

 

36,150

 

206.9069

 

206.2900

 

207.2800

 

March 14, 2018

 

21,739

 

207.6155

 

207.2900

 

208.2800

 

March 14, 2018

 

17,774

 

208.8180

 

208.2900

 

209.2800

 

March 14, 2018

 

6,237

 

209.5244

 

209.2900

 

209.8700

 

March 13, 2018

 

22,222

 

209.2689

 

208.8500

 

209.8200

 

March 13, 2018

 

22,183

 

210.4318

 

209.8500

 

210.8400

 

March 13, 2018

 

16,166

 

211.1156

 

210.8500

 

211.8300

 

March 13, 2018

 

19,934

 

212.4119

 

211.8500

 

212.8400

 

March 13, 2018

 

1,395

 

212.9030

 

212.8500

 

212.9900

 

March 12, 2018

 

54,353

 

211.7610

 

211.2400

 

212.2300

 

March 12, 2018

 

27,125

 

212.6322

 

212.2400

 

213.2200

 

March 12, 2018

 

422

 

213.2945

 

213.2400

 

213.3500

 

March 9, 2018

 

6,440

 

206.9192

 

206.5100

 

207.4900

 

March 9, 2018

 

5,700

 

208.0472

 

207.6000

 

208.4500

 

March 9, 2018

 

17,455

 

209.1561

 

208.6000

 

209.4900

 

March 9, 2018

 

12,180

 

210.0169

 

209.5100

 

210.5000

 

March 9, 2018

 

9,360

 

211.1026

 

210.5500

 

211.5000

 

March 9, 2018

 

28,858

 

211.8152

 

211.5100

 

212.4400

 

March 9, 2018

 

1,907

 

212.8400

 

212.5700

 

213.1600

 

March 8, 2018

 

42,121

 

203.5925

 

203.0600

 

204.0500

 

March 8, 2018

 

39,370

 

204.5278

 

204.0600

 

205.0200

 

March 8, 2018

 

409

 

205.2431

 

205.1200

 

205.3800

 

March 7, 2018

 

23,757

 

202.3830

 

201.8000

 

202.7900

 

March 7, 2018

 

35,791

 

203.1806

 

202.8000

 

203.7500

 

March 7, 2018

 

22,152

 

204.3220

 

203.8100

 

204.7900

 

March 7, 2018

 

200

 

204.8200

 

204.8200

 

204.8200

 

March 6, 2018

 

29,404

 

203.0737

 

202.4400

 

203.4300

 

March 6, 2018

 

44,787

 

204.0891

 

203.4500

 

204.4300

 

March 6, 2018

 

7,709

 

204.5189

 

204.4400

 

204.6100

 

 



 

 

 

Number of

 

Weighted Average 

 

Range of Price per Share ($)

 

Date of Transaction

 

Shares Sold

 

Price per Share ($)

 

Low

 

High

 

March 5, 2018

 

10,639

 

200.3922

 

199.8200

 

200.8000

 

March 5, 2018

 

7,350

 

201.2040

 

200.8200

 

201.7500

 

March 5, 2018

 

9,356

 

202.5352

 

201.8800

 

202.8100

 

March 5, 2018

 

51,906

 

203.3945

 

202.8200

 

203.8100

 

March 5, 2018

 

2,649

 

203.8733

 

203.8200

 

204.0000

 

March 2, 2018

 

23,206

 

199.7543

 

199.0900

 

200.0800

 

March 2, 2018

 

38,204

 

200.5078

 

200.0900

 

201.0800

 

March 2, 2018

 

20,490

 

201.4387

 

201.0900

 

201.9200

 

March 1, 2018

 

13,042

 

200.9777

 

200.3400

 

201.3300

 

March 1, 2018

 

26,354

 

201.8437

 

201.3500

 

202.3300

 

March 1, 2018

 

5,948

 

202.6444

 

202.3400

 

203.2900

 

March 1, 2018

 

9,254

 

203.9232

 

203.3400

 

204.3200

 

March 1, 2018

 

4,102

 

205.1527

 

204.3800

 

205.3200

 

March 1, 2018

 

8,880

 

205.9267

 

205.3400

 

206.3200

 

March 1, 2018

 

13,920

 

206.6866

 

206.3400

 

207.3200

 

March 1, 2018

 

400

 

207.3875

 

207.3600

 

207.4400

 

February 28, 2018

 

11,790

 

208.0959

 

207.7700

 

208.7600

 

February 28, 2018

 

13,551

 

209.2010

 

208.7700

 

209.7500

 

February 28, 2018

 

32,943

 

210.4259

 

209.7700

 

210.7600

 

February 28, 2018

 

23,616

 

211.0396

 

210.7700

 

211.4700

 

February 27, 2018

 

18,632

 

210.5670

 

209.9200

 

210.9100

 

February 27, 2018

 

28,468

 

211.4702

 

210.9200

 

211.9100

 

February 27, 2018

 

34,300

 

212.3571

 

211.9200

 

212.9000

 

February 27, 2018

 

500

 

212.9860

 

212.9200

 

213.0300

 

February 26, 2018

 

12,299

 

206.1043

 

205.4400

 

206.4200

 

February 26, 2018

 

1,221

 

206.9475

 

206.4600

 

207.4000

 

February 26, 2018

 

7,859

 

207.8448

 

207.4500

 

208.4300

 

February 26, 2018

 

13,421

 

208.9231

 

208.4400

 

209.3700

 

February 26, 2018

 

29,587

 

210.0434

 

209.4400

 

210.4300

 

February 26, 2018

 

17,513

 

210.7099

 

210.4400

 

211.1100

 

February 23, 2018

 

53,886

 

201.4060

 

200.8400

 

201.8300

 

February 23, 2018

 

27,914

 

202.1902

 

201.8400

 

202.7700

 

February 23, 2018

 

100

 

202.8550

 

202.8550

 

202.8550

 

February 22, 2018

 

34,631

 

200.8155

 

200.2300

 

201.2200

 

February 22, 2018

 

22,206

 

201.8247

 

201.2300

 

202.2200

 

February 22, 2018

 

24,563

 

202.7358

 

202.2300

 

203.2200

 

February 22, 2018

 

500

 

203.2560

 

203.2400

 

203.2800

 

February 21, 2018

 

7,328

 

201.4260

 

200.9600

 

201.9500

 

February 21, 2018

 

14,000

 

202.5030

 

201.9700

 

202.9500

 

February 21, 2018

 

44,214

 

203.5470

 

202.9600

 

203.9500

 

February 21, 2018

 

14,098

 

204.3854

 

203.9600

 

204.9500

 

February 21, 2018

 

2,260

 

205.0590

 

204.9600

 

205.2100

 

February 20, 2018

 

32,581

 

202.9964

 

202.3600

 

203.3550

 

February 20, 2018

 

47,819

 

203.7948

 

203.3600

 

204.3500

 

February 20, 2018

 

1,500

 

204.3880

 

204.3600

 

204.5200

 

February 16, 2018

 

12,778

 

203.6785

 

203.1800

 

204.1700

 

February 16, 2018

 

58,122

 

204.7276

 

204.1900

 

205.1700

 

February 16, 2018

 

10,300

 

205.4807

 

205.1800

 

206.1700

 

February 16, 2018

 

700

 

206.2486

 

206.2000

 

206.2900

 

February 15, 2018

 

5,300

 

200.9281

 

200.3200

 

201.3100

 

February 15, 2018

 

33,811

 

202.0097

 

201.3200

 

202.3100

 

February 15, 2018

 

35,892

 

202.8010

 

202.3200

 

203.3100

 

February 15, 2018

 

6,897

 

203.4333

 

203.3200

 

203.7200

 

 



 

 

 

Number of

 

Weighted Average 

 

Range of Price per Share ($)

 

Date of Transaction

 

Shares Sold

 

Price per Share ($)

 

Low

 

High

 

February 14, 2018

 

6,400

 

196.6267

 

196.0300

 

197.0100

 

February 14, 2018

 

29,604

 

197.5473

 

197.0500

 

198.0200

 

February 14, 2018

 

5,472

 

198.3317

 

198.0300

 

199.0200

 

February 14, 2018

 

17,714

 

199.5822

 

199.0400

 

200.0100

 

February 14, 2018

 

22,710

 

200.3873

 

200.0400

 

200.7100

 

February 13, 2018

 

10,050

 

196.6483

 

195.9900

 

196.9800

 

February 13, 2018

 

27,111

 

197.3586

 

196.9900

 

197.9700

 

February 13, 2018

 

44,739

 

198.3694

 

197.9900

 

198.8300

 

February 12, 2018

 

6,488

 

196.9309

 

196.2600

 

197.2500

 

February 12, 2018

 

15,106

 

197.8237

 

197.2600

 

198.2500

 

February 12, 2018

 

19,914

 

198.8476

 

198.2600

 

199.2500

 

February 12, 2018

 

37,001

 

199.7739

 

199.2600

 

200.2500

 

February 12, 2018

 

3,391

 

200.3653

 

200.2600

 

200.6500

 

February 9, 2018

 

6,207

 

190.0626

 

189.3100

 

190.3000

 

February 9, 2018

 

13,031

 

190.6161

 

190.3100

 

191.2700

 

February 9, 2018

 

4,553

 

191.7605

 

191.3300

 

192.2000

 

February 9, 2018

 

7,378

 

192.9126

 

192.3100

 

193.3000

 

February 9, 2018

 

17,212

 

193.8681

 

193.3100

 

194.3000

 

February 9, 2018

 

18,320

 

194.7430

 

194.3100

 

195.3000

 

February 9, 2018

 

6,328

 

195.7979

 

195.3100

 

196.3000

 

February 9, 2018

 

8,271

 

196.7797

 

196.3100

 

197.2800

 

February 9, 2018

 

600

 

197.3950

 

197.3200

 

197.4700

 

February 8, 2018

 

11,513

 

192.8054

 

192.2800

 

193.2700

 

February 8, 2018

 

4,005

 

193.7545

 

193.2900

 

194.2700

 

February 8, 2018

 

17,128

 

194.8735

 

194.2900

 

195.2700

 

February 8, 2018

 

19,400

 

195.6870

 

195.2900

 

196.2700

 

February 8, 2018

 

14,293

 

196.6585

 

196.3000

 

197.2600

 

February 8, 2018

 

11,225

 

197.8120

 

197.2800

 

198.2600

 

February 8, 2018

 

4,336

 

198.6191

 

198.2800

 

199.1800

 

February 7, 2018

 

16,116

 

201.6260

 

201.0500

 

202.0300

 

February 7, 2018

 

33,509

 

202.5155

 

202.0500

 

203.0400

 

February 7, 2018

 

30,825

 

203.4085

 

203.0500

 

204.0400

 

February 7, 2018

 

1,450

 

204.1838

 

204.0600

 

204.4100

 

February 6, 2018

 

200

 

192.1200

 

192.0000

 

192.2400

 

February 6, 2018

 

1,700

 

194.8276

 

194.6100

 

194.9900

 

February 6, 2018

 

11,841

 

195.4842

 

195.0100

 

195.9800

 

February 6, 2018

 

25,928

 

196.5312

 

196.0000

 

196.9900

 

February 6, 2018

 

10,522

 

197.4059

 

197.0000

 

197.9900

 

February 6, 2018

 

6,881

 

198.4468

 

198.0000

 

198.9900

 

February 6, 2018

 

7,584

 

199.6453

 

199.0000

 

199.9900

 

February 6, 2018

 

10,911

 

200.5265

 

200.0000

 

200.9900

 

February 6, 2018

 

6,333

 

201.3362

 

201.0600

 

201.8900

 

February 5, 2018

 

400

 

196.6100

 

196.3600

 

196.7500

 

February 5, 2018

 

6,661

 

197.9956

 

197.4600

 

198.3500

 

February 5, 2018

 

3,721

 

198.7915

 

198.3700

 

199.3000

 

February 5, 2018

 

8,237

 

199.9181

 

199.3600

 

200.3400

 

February 5, 2018

 

9,027

 

200.8207

 

200.3700

 

201.3400

 

February 5, 2018

 

3,842

 

201.5957

 

201.3700

 

202.3500

 

February 5, 2018

 

10,079

 

202.8231

 

202.4100

 

203.3500

 

February 5, 2018

 

3,582

 

203.8230

 

203.3700

 

204.3200

 

February 5, 2018

 

14,186

 

204.8670

 

204.3600

 

205.3000

 

February 5, 2018

 

10,981

 

205.9478

 

205.3900

 

206.3500

 

February 5, 2018

 

11,184

 

206.7633

 

206.3600

 

207.0800