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TDG

TransDigm Group INC

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2991
SEC CIK
0001260221
Parsed reports
748

Last 12 months

Inside the activity.

8 purchase rows · 525 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025655
Dec 2025040
Jan 2026050
Feb 2026269
Mar 2026042
Apr 2026028
May 2026052
Jun 2026084
Jul 2026045
Aug 2026033
Sep 2026027
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 204 $490.50 $100,062.00
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 17

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 155,463

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $490.02 to $491.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 2,090 $489.61 $1,023,284.90
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 16

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,476,766

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $489.02 to $490.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 237 $489.61 $116,037.57
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 15

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 155,259

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $489.02 to $490.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 1,720 $489.00 $841,080.00
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 14

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,474,676

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $488.02 to $489.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 195 $489.00 $95,355.00
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 13

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 155,022

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $488.02 to $489.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 1,345 $487.48 $655,660.60
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 12

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,472,956

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $487.02 to $488.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 153 $487.48 $74,584.44
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 11

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 154,827

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $487.02 to $488.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 4,044 $486.44 $1,967,163.36
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 10

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,471,611

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $486.02 to $487.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 458 $486.44 $222,789.52
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 9

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 154,674

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $486.02 to $487.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 3,772 $485.51 $1,831,343.72
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 8

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,467,567

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $485.02 to $486.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 428 $485.51 $207,798.28
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 7

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 154,216

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $485.02 to $486.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 3,044 $484.55 $1,474,970.20
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 6

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,463,795

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $484.02 to $485.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 345 $484.55 $167,169.75
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 5

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,788

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $484.02 to $485.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 1,090 $483.49 $527,004.10
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 4

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,460,751

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $483.02 to $484.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 124 $483.49 $59,952.76
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 3

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,443

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $483.02 to $484.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Read SEC document
March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 90 $482.36 $43,412.40
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 2

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,459,661

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $482.02 to $483.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:12 UTC PurchaseCommon Stock 10 $482.36 $4,823.60
Disclosure

SEC source: 0000919574-20-002398 · ownership.xml · nonDerivative · entry 1

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,319

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $482.02 to $483.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 180 $481.17 $86,610.60
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 30

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,459,571

F18 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $481.02 to $482.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 20 $481.17 $9,623.40
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 29

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,309

F18 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $481.02 to $482.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 988 $480.63 $474,862.44
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 28

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,459,391

F17 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $480.02 to $481.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 112 $480.63 $53,830.56
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 27

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,289

F17 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $480.02 to $481.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 10,379 $479.70 $4,978,806.30
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 26

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,458,403

F16 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $479.02 to $480.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 1,177 $479.70 $564,606.90
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 25

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 153,177

F16 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $479.02 to $480.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 5,954 $478.60 $2,849,584.40
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 24

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,448,024

F15 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $478.02 to $479.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 675 $478.60 $323,055.00
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 23

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 152,000

F15 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $478.02 to $479.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 7,849 $477.59 $3,748,603.91
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 22

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,442,070

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $477.02 to $478.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 890 $477.59 $425,055.10
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 21

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 151,325

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $477.02 to $478.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Read SEC document
March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 3,503 $476.58 $1,669,459.74
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 20

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,434,221

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $476.02 to $477.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 397 $476.58 $189,202.26
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 19

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 150,435

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $476.02 to $477.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Read SEC document
March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 6,921 $475.64 $3,291,904.44
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 18

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,430,718

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $475.02 to $476.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 785 $475.64 $373,377.40
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 17

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 150,038

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $475.02 to $476.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Read SEC document
March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 4,549 $474.69 $2,159,364.81
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 16

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,423,797

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $474.02 to $475.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 516 $474.69 $244,940.04
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 15

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 149,253

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $474.02 to $475.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 4,486 $473.71 $2,125,063.06
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 14

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,419,248

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $473.02 to $474.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 509 $473.71 $241,118.39
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 13

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 148,737

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $473.02 to $474.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 2,250 $472.59 $1,063,327.50
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 12

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,414,762

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $472.02 to $473.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 255 $472.59 $120,510.45
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 11

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 148,228

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $472.02 to $473.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 1,574 $471.52 $742,172.48
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 10

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,412,512

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $471.02 to $472.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 178 $471.52 $83,930.56
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 9

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 147,973

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $471.02 to $472.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 2,949 $470.50 $1,387,504.50
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 8

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,410,938

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $470.02 to $471.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 334 $470.50 $157,147.00
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 7

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 147,795

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $470.02 to $471.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 1,258 $469.90 $591,134.20
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 6

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,407,989

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $469.02 to $470.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 142 $469.90 $66,725.80
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 5

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 147,461

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $469.02 to $470.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 322 $469.00 $151,018.00
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 4

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,406,731

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $468.02 to $469.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 37 $469.00 $17,353.00
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 3

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 147,319

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $468.02 to $469.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 58 $467.02 $27,087.16
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 2

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 1,406,409

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $467.02 to $468.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F2 · ownership.nature: Represents shares held directly or indirectly by Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Fund IX, L.P. ("IX"), Berkshire Fund IX-A, L.P. ("IX-A"), Berkshire Investors III LLC ("Investors III"), Berkshire Investors IV LLC ("Investors IV"), Stockbridge Fund, L.P. ("SF") and Stockbridge Absolute Return Fund, L.P. ("SARF") (collectively, the "Berkshire Entities"). Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of each of Berkshire Partners LLC, the registered investment adviser to VIII, VIII-A, IX, IX-A, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-A. Ninth Berkshire Associates LLC ("9BA") is the general partner of each of IX and IX-A.

F3 · ownership.nature: [Continued from Footnote 2] Stockbridge Associates LLC ("SA") is the general partner of each of SF and SARF. The Reporting Person is a managing member of each of BPH, BPSP, BP, SP, 8BA, 9BA, SA, Investors III and Investors IV. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by the Berkshire Entities. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 10, 2020 Filed Mar 13, 2020 01:07 UTC PurchaseCommon Stock 7 $467.02 $3,269.14
Disclosure

SEC source: 0000919574-20-002397 · ownership.xml · nonDerivative · entry 1

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Stockbridge Partners LLC

Disclosed balance after: 147,282

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $467.02 to $468.0199. The Reporting Person undertakes to provide to 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 purchased at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: Represents shares held by Stockbridge Partners LLC ("SP") on behalf of a managed account over which it has shared voting and sole dispositive power. This Form 4 has been filed because the Reporting Person is a director of the Issuer and a managing member of SP. As such, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares of the Issuer's common stock held by SP. However, the Reporting Person disclaims beneficial ownership of these shares, except to the extent, if any, of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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March 09, 2020 Filed Mar 10, 2020 15:01 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
Exercise / conversionStock Option · Derivative 17,083 $0.00 Strike: $82.67 $0.00
Disclosure

SEC source: 0001209191-20-017575 · doc4.xml · derivative · entry 12

Howley W Nicholas · CIK 0001352573 · Director · Exec. Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · W. Nicholas Howley Family Trust u/a/d 4/23/99

Disclosed balance after: 170,838

Underlying: Common Stock · 17,083 shares

Expires 2021-03-04

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

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March 09, 2020 Filed Mar 10, 2020 15:01 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 162 $461.93 $74,832.21
Disclosure

SEC source: 0001209191-20-017575 · doc4.xml · nonDerivative · entry 11

Howley W Nicholas · CIK 0001352573 · Director · Exec. Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · W. Nicholas Howley Family Trust u/a/d 4/23/99

Disclosed balance after: 0

F10 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $461.83 - $462.08. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

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March 09, 2020 Filed Mar 10, 2020 15:01 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 300 $460.96 $138,286.50
Disclosure

SEC source: 0001209191-20-017575 · doc4.xml · nonDerivative · entry 10

Howley W Nicholas · CIK 0001352573 · Director · Exec. Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · W. Nicholas Howley Family Trust u/a/d 4/23/99

Disclosed balance after: 162

F9 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $460.73 - $461.41. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.