Steven M. Rales - Apr 17, 2023 Form 4 Insider Report for DANAHER CORP /DE/ (DHR)

Role: Chairman, Director
Signature: /s/ Steven M. Rales
Stock symbol: DHR
Transactions as of: Apr 17, 2023
Transactions value $: $24,999,594
Form type: 4
Date filed: 4/17/2023, 07:10 PM
Previous filing: Feb 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DHR	Common Stock, par value $.01	Conversion of derivative security	$25M	+125K	+2.97%	$199.30	4.36M	Apr 17, 2023	Direct	F1
holding	DHR	Common Stock, par value $.01						19.7K	Apr 17, 2023	By 401(k) Plan
holding	DHR	Common Stock, par value $.01						31M	Apr 17, 2023	Through single-member LLCs	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DHR	Series B Mandatory Convertible Preferred Stock	Conversion of derivative security	$0	-25K	-100%	$0.00^*	0	Apr 17, 2023	Common Stock	125K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to its terms, the Series B Mandatory Preferred Stock converted automatically into shares of the Issuer's common stock on April 17, 2023. Each share of the Series B Mandatory Convertible Preferred Stock converted into 5.0175 shares of the Issuer's common stock. Holders of the Series B Mandatory Preferred Stock received cash in lieu of any fractional shares.
F2	The reported shares are held through single-member LLCs of which a revocable trust controlled by Steven M. Rales is the sole member.