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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
August 22, 2019 Filed Aug 22, 2019 23:50 UTC SaleCommon Stock 5,678 $531.46 $3,017,606.03
Disclosure

SEC source: 0000919574-19-005522 · 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: 155,495

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $531.0000 to $531.9999. 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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August 22, 2019 Filed Aug 22, 2019 23:50 UTC SaleCommon Stock 5,047 $530.53 $2,677,573.30
Disclosure

SEC source: 0000919574-19-005522 · ownership.xml · nonDerivative · entry 4

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,057,320

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $530.0000 to $530.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 22, 2019 Filed Aug 22, 2019 23:50 UTC SaleCommon Stock 6,316 $530.53 $3,350,812.95
Disclosure

SEC source: 0000919574-19-005522 · 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: 161,173

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $530.0000 to $530.9999. 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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August 22, 2019 Filed Aug 22, 2019 23:50 UTC SaleCommon Stock 5,017 $529.39 $2,655,951.14
Disclosure

SEC source: 0000919574-19-005522 · ownership.xml · nonDerivative · entry 2

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,062,367

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $529.0000 to $529.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 22, 2019 Filed Aug 22, 2019 23:50 UTC SaleCommon Stock 6,279 $529.39 $3,324,041.69
Disclosure

SEC source: 0000919574-19-005522 · 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: 167,489

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $529.0000 to $529.9999. 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 89 $537.52 $47,839.50
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 22

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,067,384

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $537.0000 to $537.7450. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 111 $537.52 $59,665.00
Disclosure

SEC source: 0000919574-19-005521 · 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: 173,768

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $537.0000 to $537.7450. 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 45 $536.52 $24,143.40
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 20

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,067,473

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $536.0000 to $536.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 55 $536.52 $29,508.60
Disclosure

SEC source: 0000919574-19-005521 · 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: 173,879

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $536.0000 to $536.9999. 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 1,697 $535.12 $908,095.08
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 18

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,067,518

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $535.0000 to $535.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 2,092 $535.12 $1,119,466.65
Disclosure

SEC source: 0000919574-19-005521 · 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: 173,934

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $535.0000 to $535.9999. 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 16,978 $534.26 $9,070,644.21
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 16

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,069,215

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $534.0000 to $534.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 20,925 $534.26 $11,179,363.30
Disclosure

SEC source: 0000919574-19-005521 · 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: 176,026

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $534.0000 to $534.9999. 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 15,685 $533.37 $8,365,924.14
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 14

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,086,193

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $533.0000 to $533.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 19,333 $533.37 $10,311,661.54
Disclosure

SEC source: 0000919574-19-005521 · 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: 196,951

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $533.0000 to $533.9999. 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
August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 3,189 $532.43 $1,697,905.24
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 12

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,101,878

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $532.0000 to $532.9999. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 21, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 3,931 $532.43 $2,092,965.03
Disclosure

SEC source: 0000919574-19-005521 · 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: 216,284

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $532.0000 to $532.9999. 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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August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 262 $537.75 $140,891.21
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 10

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,105,067

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $537.5250 to $537.8000. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 38 $537.75 $20,434.60
Disclosure

SEC source: 0000919574-19-005521 · 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: 220,215

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $537.5250 to $537.8000. 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
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 4,447 $536.80 $2,387,167.39
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 8

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,105,329

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $536.5250 to $537.5249. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 653 $536.80 $350,533.01
Disclosure

SEC source: 0000919574-19-005521 · 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: 220,253

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $536.5250 to $537.5249. 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
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 18,467 $535.93 $9,897,050.70
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 6

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,109,776

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $535.5250 to $536.5249. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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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August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 2,710 $535.93 $1,452,374.91
Disclosure

SEC source: 0000919574-19-005521 · 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: 220,906

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $535.5250 to $536.5249. 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
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 47,946 $535.06 $25,654,001.14
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 4

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,128,243

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $534.5250 to $535.5249. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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.

Read SEC document
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 7,035 $535.06 $3,764,149.21
Disclosure

SEC source: 0000919574-19-005521 · 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: 223,616

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $534.5250 to $535.5249. 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
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 60,957 $534.05 $32,554,043.18
Disclosure

SEC source: 0000919574-19-005521 · ownership.xml · nonDerivative · entry 2

SMALL ROBERT J · CIK 0001234544 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Berkshire Entities

Disclosed balance after: 3,176,189

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $533.5250 to $534.5249. 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 VII, L.P. ("VII"), Berkshire Fund VII-A, L.P. ("VII-A"), Berkshire Fund VIII, L.P. ("VIII"), Berkshire Fund VIII-A, L.P. ("VIII-A"), Berkshire Investors LLC ("Investors"), 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 VII, VII-A, VIII, VIII-A, Investors, Investors III and Investors IV ("BP"), and SP, the registered investment adviser to SF and SARF. Seventh Berkshire Associates LLC ("7BA") is the general partner of each of VII and VII-A. Eighth Berkshire Associates LLC ("8BA") is the general partner of each of VIII and VIII-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, 7BA, SA, Investors, 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.

Read SEC document
August 20, 2019 Filed Aug 22, 2019 23:46 UTC SaleCommon Stock 8,943 $534.05 $4,776,002.89
Disclosure

SEC source: 0000919574-19-005521 · 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: 230,651

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $533.5250 to $534.5249. 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
August 19, 2019 Filed Aug 20, 2019 08:03 UTC Exercise / conversionStock Option · Derivative 15,000 $0.00 Strike: $82.67 $0.00
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · derivative · entry 6

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 15,000 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 08:03 UTC SaleCommon Stock 1,890 $539.71 $1,020,055.11
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · nonDerivative · entry 5

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

F4 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $539.55 - $539.93. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 08:03 UTC SaleCommon Stock 7,020 $539.04 $3,784,032.02
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · nonDerivative · entry 4

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,890

F3 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $538.53 - $539.51. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 08:03 UTC SaleCommon Stock 5,490 $538.16 $2,954,473.15
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · nonDerivative · entry 3

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,910

F2 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $537.53 - $538.52. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 08:03 UTC SaleCommon Stock 600 $536.79 $322,075.50
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · nonDerivative · entry 2

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,400

F1 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $536.48 - $537.32. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 08:03 UTC Exercise / conversionCommon Stock 15,000 $82.67 $1,240,050.00
Disclosure

SEC source: 0001209191-19-046748 · doc4.xml · nonDerivative · entry 1

Henderson Robert S · CIK 0001352561 · Exec.V.P.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
Exercise / conversionStock Option · Derivative 8,333 $0.00 Strike: $70.45 $0.00
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · derivative · entry 7

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,667

Underlying: Common Stock · 8,333 shares

Expires 2020-12-10

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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
SaleCommon Stock 600 $538.85 $323,310.00
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 6

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,310

F5 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $538.66 - $539.04. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
SaleCommon Stock 1,900 $538.28 $1,022,728.77
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 5

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,910

F4 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $537.65 - $538.61. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
SaleCommon Stock 2,635 $536.99 $1,414,974.71
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 4

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,810

F3 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $536.53 - $537.50. 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.

Read SEC document
August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
SaleCommon Stock 2,498 $536.14 $1,339,280.47
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 3

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,445

F2 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $535.52 - $536.51. 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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August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
SaleCommon Stock 700 $534.89 $374,423.07
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 2

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,943

F1 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $534.35 - $535.28.00. 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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August 19, 2019 Filed Aug 20, 2019 13:57 UTC
Iversen Bernt G IIExecutive Vice President
Exercise / conversionCommon Stock 8,333 $70.45 $587,059.85
Disclosure

SEC source: 0001209191-19-046759 · doc4.xml · nonDerivative · entry 1

Iversen Bernt G II · CIK 0001366888 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,643

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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August 09, 2019 Filed Aug 12, 2019 14:20 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: 0001209191-19-045443 · doc4.xml · derivative · entry 7

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: 290,419

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.

Read SEC document
August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 200 $549.95 $109,989.00
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 6

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

F5 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $549.87 - $550.02. 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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August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 1,441 $548.74 $790,728.29
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 5

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: 200

F4 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $548.63 - $548.75. 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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August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 8,763 $548.04 $4,802,438.59
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 4

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: 1,641

F3 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $547.63 - $548.59. 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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August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 4,179 $547.13 $2,286,458.36
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 3

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: 10,404

F2 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $546.72 - $547.56. 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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August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
SaleCommon Stock 2,500 $546.38 $1,365,946.00
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 2

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: 14,583

F1 · price: Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $545.72 - $546.71. 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.

Read SEC document
August 09, 2019 Filed Aug 12, 2019 14:20 UTC
Howley W NicholasDirector · Exec. Chairman of the Board
Exercise / conversionCommon Stock 17,083 $82.67 $1,412,251.61
Disclosure

SEC source: 0001209191-19-045443 · doc4.xml · nonDerivative · entry 1

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: 17,083

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.

Read SEC document
July 23, 2019 Filed Jul 24, 2019 13:51 UTC OtherCommon Stock 3,000 $0.00 $0.00
Disclosure

SEC source: 0001209191-19-043005 · doc4.xml · nonDerivative · entry 2

Graff Michael · CIK 0001299926 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · William Plapinger, Trustee of The 2012 Carol Ostrow GST Trust

Disclosed balance after: 13,096

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July 23, 2019 Filed Jul 24, 2019 13:51 UTC OtherCommon Stock 3,000 $0.00 $0.00
Disclosure

SEC source: 0001209191-19-043005 · doc4.xml · nonDerivative · entry 1

Graff Michael · CIK 0001299926 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By wife

Disclosed balance after: 3,000

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July 09, 2019 Filed Jul 9, 2019 20:02 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: 0001209191-19-041532 · doc4.xml · derivative · 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: 307,502

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.

Read SEC document

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