0001104659-18-046338.txt : 20180723 0001104659-18-046338.hdr.sgml : 20180723 20180720213741 ACCESSION NUMBER: 0001104659-18-046338 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180723 DATE AS OF CHANGE: 20180720 GROUP MEMBERS: BILL & MELINDA GATES FOUNDATION TRUST GROUP MEMBERS: CASCADE INVESTMENT, L.L.C. GROUP MEMBERS: MELINDA FRENCH GATES 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-55113 FILM NUMBER: 18963406 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: GATES WILLIAM H III CENTRAL INDEX KEY: 0000902012 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: ONE MICROSOFT WAY CITY: REDMOND STATE: WA ZIP: 98052 SC 13D 1 a18-17436_1sc13d.htm SC 13D

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

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

 

Berkshire Hathaway Inc.

(Name of Issuer)

 

Class B common stock, $0.0033 Par Value

(Title of Class of Securities)

 

084670702

(CUSIP Number)

 

 

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)

 

July 16, 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
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
65,968,774(2)

 

9.

Sole Dispositive Power
6,525,000(1)

 

10.

Shared Dispositive Power
65,968,774(2)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
72,493,774

 

 

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)
5.4%(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 65,968,774 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) 1,346,076,963 Class B Shares outstanding as of April 27, 2018, as reported on the Issuer’s Form 10-Q filed on May 7, 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.

 

2


 

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) 1,346,076,963 Class B Shares outstanding as of April 27, 2018, as reported on the Issuer’s Form 10-Q filed on May 7, 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.

 

3


 

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
65,968,774(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
65,968,774(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
65,968,774(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)
4.9%(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 1,346,076,963 Class B Shares outstanding as of April 27, 2018, as reported on the Issuer’s Form 10-Q filed on May 7, 2018.

 

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
65,968,774(1)

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
65,968,774(1)

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
65,968,774(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)
4.9%(2)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

(1)             Bill & Melinda Gates Foundation Trust (the “Trust”) beneficially owns 65,968,774 shares of the Class B common stock (“Class B Shares”) of Berkshire Hathaway Inc. (the “Issuer”). 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 1,346,076,963 Class B Shares outstanding as of April 27, 2018, as reported on the Issuer’s Form 10-Q filed on May 7, 2018.

 

5


 

Item 1.

Security and Issuer

 

This statement relates to the shares of Class B common stock, $0.0033 par value (the “Class B Shares”) of Berkshire Hathaway Inc. (the “Issuer”). The principle executive offices of the Issuer are located at 3555 Farnam Street, Omaha, Nebraska 68131.

 

 

Item 2.

Identity and Background

 

(a)               This statement is being filed jointly by William H. Gates III, Cascade Investment, L.L.C. (“Cascade”), the Bill & Melinda Gates Foundation Trust (the “Trust”), and Melinda French Gates (collectively, the “Reporting Persons”). Neither the present filing nor anything contained herein shall be construed as an admission (i) that the Reporting Persons constitute a “person” for any purpose other than Section 13(d) of the Securities Exchange Act of 1934, or (ii) that the Reporting Persons constitute a “group” for any purpose, and each of the Reporting Persons expressly disclaims membership in a group.

 

(b)               The business addresses of the Reporting Persons are as follows:

·                  Mr. Gates: One Microsoft Way, Redmond, Washington 98052

·                  Cascade: 2365 Carillon Point, Kirkland, Washington 98033

·                  The Trust: 2365 Carillon Point, Kirkland, Washington 98033

·                  Mrs. Gates: 500 Fifth Avenue North, Seattle, Washington 98109

 

(c)                Mr. Gates, a natural person, is a founder, technical advisor and board member of Microsoft Corporation; is the sole member of Cascade; and is a Co-Trustee of the Trust and the Bill & Melinda Gates Foundation (the “Foundation”). Mr. Gates also serves on the Issuer’s board of directors.

 

Cascade is a limited liability company organized under the laws of the State of Washington. Cascade is a private investment entity that seeks appreciation of its assets for the benefit of its owner.

 

The Trust is a charitable trust established under the laws of the State of Washington. The Trust was established to invest and manage the endowment assets of the Foundation and to separate the investment and management activities of the endowment from the program work of the Foundation.

 

Mrs. Gates, a natural person, is a Co-Trustee of the Foundation and the Trust.

 

(d)               Nothing to report for any of the Reporting Persons.

 

(e)                Nothing to report for any of the Reporting Persons.

 

(f)                 Mr. Gates and Mrs. Gates are citizens of the United States of America.

 

 

Item 3.

Source and Amount of Funds or Other Consideration

 

Mr. Gates holds 300 shares of the Issuer’s Class A common stock (“Class A Shares”) directly and an additional 4,050 Class A Shares through Cascade. These Class A Shares were purchased using the personal funds of Mr. Gates. Neither Cascade nor Mr. Gates purchased any Class A Shares with borrowed funds.

 

The Trust received its Class B Shares through a series of annual gifts from Warren E. Buffett. The most recent gift from Mr. Buffett was 13,509,002 Class B Shares, made on July 16, 2018. The closing price of a Class B Share on that date was $192.00.

 

 

Item 4.

Purpose of Transaction

 

Cascade and Mr. Gates acquired the Class A Shares owned by them for investment purposes only. The Trust acquired its Class B Shares through a series of annual gifts from Mr. Buffett for the purpose of increasing the amount that the Foundation may give annually to accomplish its charitable purposes.

 

The Trust’s Class B Shares are sold pursuant to a written sales plan that was established to comply with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Pursuant to the plan, the Trust will sell 60,000,000 Class B Shares of the Issuer over a three-year period that started on July 1, 2017, and is scheduled to end on June 30, 2020. The Trust may terminate the sales plan at any time.

 

Mr. Gates serves on the Issuer’s board of directors and, as a result, may be asked to vote on or to discuss matters related to items (a) through (j) of Schedule 13D with representatives of the Issuer and others.

 

6


 

 

Except as set forth herein, the Reporting Persons have no current intention, plan or proposal with respect to items (a) through (j) of Schedule 13D.

 

 

Item 5.

Interest in Securities of the Issuer

 

(a)                See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares and percentage of Class B Shares beneficially owned by each of the Reporting Persons as of July 20, 2018.

 

(b)                See items 7 through 10 of the cover pages to this Schedule 13D 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 July 20, 2018.

 

(c)                 During the period from May 21, 2018, through July 20, 2018, the Trust sold 3,376,700 Class B Shares, as set forth in Exhibit 99.1 hereto, pursuant to the Rule 10b5-1 sales plan with respect to the Trust’s holdings in the Issuer. The sales were made to facilitate compliance with federal excise tax rules limiting excess business holdings by private foundations.

 

On July 16, 2018, the Trust received 13,509,002 Class B Shares from Mr. Buffett as a gift.

 

(d)                None.

 

(e)                 Not applicable.

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

Annual Gift. In a letter dated June 26, 2006, Mr. Buffett committed to make annual gifts of Class B Shares to the Foundation on the terms set forth in the letter. A copy of the June 26 letter can be found in Exhibit 1 to Amendment No. 52 of Mr. Buffett’s Schedule 13D with respect to the Issuer filed on June 27, 2006, SEC File No. 005-55113, and is incorporated by reference herein.

 

Sales Plan. Pursuant to the Rule 10b5-1 sales plan with respect to the Trust’s holdings in the Issuer, the Trust will sell 60,000,000 Class B Shares of the Issuer over a three-year period, commencing July 1, 2017 and ending June 30, 2020. The Trust may terminate the sales plan at any time. The form of the sales plan is set forth in Exhibit 99.1 to Amendment No. 20 of the Reporting Persons’ Schedule 13D with respect to the Issuer filed on January 17, 2017, SEC File No. 005-55113, and incorporated by reference herein.

 

Except as set forth above, none of the Reporting Persons has any contracts, arrangements, understandings, or relationships (legal or otherwise) with respect to any securities of the Issuer.

 

 

Item 7.

Material to be Filed as Exhibits

 

Exhibit 99.1 - Sale transactions during the period from May 21, 2018, through July 20, 2018.

 

7


 

Signature

 

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: July 20, 2018

WILLIAM H. GATES III

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (1)(2)

 

 

Title:

Attorney-in-fact

 

 

 

 

CASCADE INVESTMENT, L.L.C.

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (3)

 

 

Title:

Attorney-in-fact for Michael Larson, Business Manager

 

 

 

 

BILL & MELINDA GATES FOUNDATION TRUST

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (2)

 

 

Title:

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

 

 

 

 

MELINDA FRENCH GATES

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (2)

 

 

Title:

Attorney-in-fact

 

 

 

 

 

 

 

* By:

/s/ Alan Heuberger

 

 

 

Alan Heuberger

 

 

ATTENTION

 

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

 

(1)             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.

 

(2)             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.

 

(3)             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.

 

8


 

Joint Filing Agreement

 

We, the signatories of the statement to which this Joint Filing Agreement is attached, hereby agree that such statement is filed, and any amendments thereto filed by any or all of us, will be filed, on behalf of each of us.

 

Date: July 20, 2018

WILLIAM H. GATES III

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (1)(2)

 

 

Title:

Attorney-in-fact

 

 

 

 

CASCADE INVESTMENT, L.L.C.

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (3)

 

 

Title:

Attorney-in-fact for Michael Larson, Business Manager

 

 

 

 

BILL & MELINDA GATES FOUNDATION TRUST

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (2)

 

 

Title:

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

 

 

 

 

MELINDA FRENCH GATES

 

 

 

 

By:

*

 

 

Name:

Alan Heuberger (2)

 

 

Title:

Attorney-in-fact

 

 

 

 

 

 

 

* By:

/s/ Alan Heuberger

 

 

 

Alan Heuberger

 

(1)             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.

 

(2)             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.

 

(3)             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.

 

9

 EX-99.1 2 a18-17436_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 the Class B common stock of Berkshire Hathaway Inc. sold by the Bill & Melinda Gates Foundation Trust (the “Trust”) during the period from May 21, 2018, through July 20, 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.

 

 

 

 

 

Weighted Average Price

 

Range of Price per Share ($)

Date of Transaction

 

Number of Shares Sold

 

per Share ($)

 

Low

 

High

July 20, 2018

 

75,600

 

196.8624

 

196.4700

 

197.4500

July 20, 2018

 

3,700

 

197.5619

 

197.4900

 

197.6400

July 19, 2018

 

40,748

 

197.7339

 

197.3200

 

198.3100

July 19, 2018

 

26,979

 

198.7909

 

198.3200

 

199.3100

July 19, 2018

 

6,578

 

199.6547

 

199.3400

 

200.0600

July 19, 2018

 

4,995

 

200.6074

 

200.3600

 

200.8900

July 18, 2018

 

5,520

 

195.7602

 

195.4000

 

196.3700

July 18, 2018

 

3,400

 

197.0150

 

196.4000

 

197.3800

July 18, 2018

 

17,713

 

197.9750

 

197.4200

 

198.3900

July 18, 2018

 

2,100

 

199.0586

 

198.4000

 

199.3900

July 18, 2018

 

25,638

 

200.0923

 

199.4100

 

200.3950

July 18, 2018

 

24,929

 

200.5912

 

200.4000

 

200.9500

July 17, 2018

 

74,920

 

190.8793

 

190.3400

 

191.3200

July 17, 2018

 

4,380

 

191.7380

 

191.3400

 

191.9900

July 16, 2018

 

33,092

 

191.4960

 

190.7000

 

191.6900

July 16, 2018

 

46,208

 

191.8618

 

191.7000

 

192.1500

July 13, 2018

 

44,443

 

189.6538

 

189.2100

 

190.0700

July 13, 2018

 

34,307

 

190.8972

 

190.3600

 

191.1900

July 13, 2018

 

550

 

191.2364

 

191.2100

 

191.2500

July 12, 2018

 

74,254

 

189.5026

 

188.9500

 

189.9400

July 12, 2018

 

5,046

 

190.1812

 

189.9500

 

190.9100

July 11, 2018

 

27,591

 

189.4503

 

188.8100

 

189.8000

July 11, 2018

 

51,709

 

190.0551

 

189.8100

 

190.5700

July 10, 2018

 

64,711

 

189.7968

 

189.1700

 

190.1600

July 10, 2018

 

14,589

 

190.2911

 

190.1700

 

190.5600

July 9, 2018

 

24,236

 

188.6052

 

188.0700

 

189.0600

July 9, 2018

 

55,064

 

189.3966

 

189.0700

 

189.6700

July 6, 2018

 

28,975

 

187.3112

 

186.5900

 

187.5800

July 6, 2018

 

49,925

 

188.0965

 

187.5900

 

188.5800

July 6, 2018

 

400

 

188.6400

 

188.6000

 

188.6700

July 5, 2018

 

62,857

 

186.8942

 

186.2400

 

187.2300

July 5, 2018

 

16,443

 

187.3441

 

187.2400

 

187.5500

July 3, 2018

 

28,942

 

186.5199

 

185.8100

 

186.8000

July 3, 2018

 

30,303

 

187.2684

 

186.8100

 

187.8000

July 3, 2018

 

20,055

 

188.2667

 

187.8500

 

188.7200

July 2, 2018

 

33,266

 

186.8002

 

186.0700

 

187.0600

July 2, 2018

 

45,934

 

187.3905

 

187.0700

 

188.0600

July 2, 2018

 

100

 

188.0800

 

188.0800

 

188.0800

June 29, 2018

 

9,813

 

187.5197

 

186.8300

 

187.8200

June 29, 2018

 

60,611

 

188.4202

 

187.8400

 

188.8200

June 29, 2018

 

9,276

 

188.9276

 

188.8300

 

189.2400

June 28, 2018

 

24,106

 

185.7052

 

185.1800

 

186.1700

June 28, 2018

 

25,966

 

186.7038

 

186.1800

 

187.1700

June 28, 2018

 

28,028

 

187.4594

 

187.1800

 

187.8650

June 27, 2018

 

26,694

 

185.3621

 

184.7500

 

185.7400

 


 

 

 

 

 

Weighted Average Price

 

Range of Price per Share ($)

Date of Transaction

 

Number of Shares Sold

 

per Share ($)

 

Low

 

High

June 27, 2018

 

18,218

 

186.2154

 

185.7500

 

186.7400

June 27, 2018

 

32,459

 

187.2207

 

186.7500

 

187.7400

June 27, 2018

 

729

 

187.8101

 

187.7500

 

187.8700

June 26, 2018

 

35,469

 

186.5153

 

185.8100

 

186.8000

June 26, 2018

 

42,631

 

187.0492

 

186.8100

 

187.6200

June 25, 2018

 

21,270

 

185.7531

 

185.1900

 

186.1800

June 25, 2018

 

33,751

 

186.6755

 

186.1900

 

187.1800

June 25, 2018

 

19,601

 

187.4795

 

187.1900

 

188.1800

June 25, 2018

 

3,478

 

188.4510

 

188.2700

 

188.6500

June 22, 2018

 

64,985

 

189.6287

 

188.9900

 

189.9800

June 22, 2018

 

13,115

 

190.0467

 

189.9900

 

190.2400

June 21, 2018

 

64,206

 

188.4880

 

188.0000

 

188.9950

June 21, 2018

 

13,894

 

189.2750

 

189.0000

 

189.8000

June 20, 2018

 

74,008

 

189.7327

 

189.2800

 

190.2750

June 20, 2018

 

4,092

 

190.4961

 

190.2800

 

190.7300

June 19, 2018

 

31,153

 

189.9979

 

189.3700

 

190.3600

June 19, 2018

 

46,947

 

190.7012

 

190.3700

 

191.1200

June 18, 2018

 

61,557

 

190.6415

 

189.9500

 

190.9400

June 18, 2018

 

16,543

 

191.1185

 

190.9500

 

191.3400

June 15, 2018

 

19,329

 

191.2178

 

190.5500

 

191.5450

June 15, 2018

 

58,771

 

191.7815

 

191.5500

 

192.4000

June 14, 2018

 

55,845

 

192.4931

 

192.0600

 

193.0500

June 14, 2018

 

11,307

 

193.7531

 

193.1000

 

194.0500

June 14, 2018

 

10,948

 

194.3538

 

194.0600

 

195.0000

June 13, 2018

 

54,630

 

194.9176

 

194.2700

 

195.2650

June 13, 2018

 

23,470

 

195.4624

 

195.2700

 

195.9900

June 12, 2018

 

71,797

 

195.1711

 

194.7300

 

195.7200

June 12, 2018

 

6,303

 

195.8394

 

195.7300

 

195.9800

June 11, 2018

 

70,138

 

195.8774

 

195.3600

 

196.3500

June 11, 2018

 

7,962

 

196.5040

 

196.3600

 

196.7400

June 8, 2018

 

12,673

 

194.9699

 

194.3400

 

195.3350

June 8, 2018

 

65,127

 

195.7547

 

195.3400

 

196.3200

June 8, 2018

 

300

 

196.3467

 

196.3400

 

196.3600

June 7, 2018

 

37,507

 

194.4715

 

193.7800

 

194.7700

June 7, 2018

 

40,593

 

195.2394

 

194.7800

 

195.6500

June 6, 2018

 

12,504

 

192.4900

 

191.7350

 

192.7300

June 6, 2018

 

60,186

 

193.4090

 

192.7350

 

193.7300

June 6, 2018

 

5,410

 

193.7788

 

193.7400

 

193.9000

June 5, 2018

 

76,499

 

190.7084

 

190.1800

 

191.1700

June 5, 2018

 

1,601

 

191.2069

 

191.1800

 

191.2900

June 4, 2018

 

46,838

 

191.7296

 

191.3000

 

192.2900

June 4, 2018

 

30,962

 

192.8579

 

192.3000

 

193.2800

June 4, 2018

 

300

 

193.3765

 

193.3500

 

193.3900

June 1, 2018

 

65,842

 

191.9947

 

191.6100

 

192.5900

June 1, 2018

 

12,258

 

193.0485

 

192.6400

 

193.3700

May 31, 2018

 

28,360

 

192.2034

 

191.4900

 

192.4800

May 31, 2018

 

48,446

 

192.9088

 

192.4900

 

193.4800

May 31, 2018

 

1,294

 

193.5585

 

193.4900

 

193.6800

May 30, 2018

 

24,947

 

191.8367

 

191.3400

 

192.3300

May 30, 2018

 

11,671

 

192.7884

 

192.3400

 

193.3300

May 30, 2018

 

25,488

 

193.9412

 

193.3600

 

194.3300

May 30, 2018

 

15,994

 

194.6159

 

194.3400

 

194.8900

May 29, 2018

 

27,450

 

189.1537

 

188.6500

 

189.6400

May 29, 2018

 

16,247

 

189.8862

 

189.6500

 

190.6400

May 29, 2018

 

21,706

 

191.3449

 

190.7600

 

191.6400

May 29, 2018

 

10,597

 

191.9477

 

191.6500

 

192.5200

 


 

 

 

 

 

Weighted Average Price

 

Range of Price per Share ($)

Date of Transaction

 

Number of Shares Sold

 

per Share ($)

 

Low

 

High

May 29, 2018

 

2,100

 

192.9954

 

192.9000

 

193.0000

May 25, 2018

 

66,268

 

193.7485

 

193.2500

 

194.2400

May 25, 2018

 

11,832

 

194.4439

 

194.2600

 

194.7100

May 24, 2018

 

56,342

 

194.6752

 

193.9300

 

194.9250

May 24, 2018

 

21,078

 

195.1620

 

194.9300

 

195.9250

May 24, 2018

 

680

 

195.9881

 

195.9300

 

196.1100

May 23, 2018

 

63,487

 

195.3940

 

194.9900

 

195.9700

May 23, 2018

 

13,313

 

196.4912

 

195.9900

 

196.9750

May 23, 2018

 

1,300

 

197.2012

 

197.0000

 

197.4900

May 22, 2018

 

54,840

 

198.0030

 

197.2700

 

198.2650

May 22, 2018

 

23,260

 

198.4776

 

198.2700

 

198.8500

May 21, 2018

 

29,073

 

197.7334

 

197.0400

 

198.0350

May 21, 2018

 

49,027

 

198.2701

 

198.0400

 

198.6000