Hongos Come

PRODUCTOS FORESTALES NO MADEREROS
17
Los hongos silvestres
comestibles
Perspectiva global
de su uso e importancia
para la poblaci6n
PRODUCTOS FORESTALES NO MADEREROS '..
17
Los hongos silvestres
comestibles
I
;.
"
Perspectiva global
de su uso e importancia
para la poblaci6n
par
Eric Boa
ORGANIZACION DE LAS NACIONES UNIDAS PARA LA AGRICULTURA Y LA ALiMENTACION

Rama, 2005
&TUBQVCMJDBDJOBOBMJ[BBMHVOPTVTPTUSBEJDJPOBMFTZDPOUFNQPSOFPTEFMPTIPOHPTDPNPBMJNFOUPPNFEJDJOB&TUF
NBUFSJBMFTQSFTFOUBEPTPMBNFOUFBUUVMPEFJOGPSNBDJOZOPJNQMJDBBQSPCBDJOQPSQBSUFEFMB0SHBOJ[BDJOEFMBT
/BDJPOFT6OJEBTQBSBMB"HSJDVMUVSBZMB"MJNFOUBDJO '"0
OJEFMBVUPS&MVTPEFFTUFQSPEVDUPFTSFDPNFOEBEP
OJDBZFYDMVTJWBNFOUFCBKPFMDPOUSPMZSFDPNFOEBDJPOFTEFFYQFSUPTDVBMJDBEPTPNEJDPT-BJOGPSNBDJOTPCSF
MBTFTQFDJFTDPNFTUJCMFTPWFOFOPTBTTFCBTBFOMBTGVFOUFTNFODJPOBEBT-BQSFDJTJOEFFTUPTEBUPTTFCBTBFOFTUBT
GVFOUFTPSJHJOBMFT
&MUSBOTQPSUFEFBMHVOBTFTQFDJFTEFIPOHPTBUSBWTEFMBTGSPOUFSBTJOUFSOBDJPOBMFTQPESBQSPWPDBSFMSJFTHP
EF JOUSPEVDDJO BDDJEFOUBM EF JOTFDUPT V PUSPT BHFOUFT QPUFODJBMNFOUF QFSKVEJDJBMFT 4F SFDPNJFOEB DPOUBDUBS MBT
BVUPSJEBEFTDPNQFUFOUFTFOMPTQBTFTEFEPOEFFMQSPEVDUPWBBTFSFYQPSUBEPZBRVFMMPTEPOEFWBBTFSMMFWBEP
BOUFTEFMMFWBSBDBCPFMUSBOTQPSUFEFIPOHPTFOFMNCJUPJOUFSOBDJPOBM QBSBMPTUSNJUFTOFDFTBSJPTEFJNQPSUBDJO
DFSUJGJDBEPTGJUPTBOJUBSJPTPSFTUSJDDJPOFTRVFQVFEBOTFSBQMJDBEBT
&MUSBOTQPSUFEFBMHVOPTUJQPTEFIPOHPTPEFPUSPTQSPEVDUPTGPSFTUBMFTOPNBEFSFSPT BUSBWTEFMBTGSPOUFSBT
JOUFSOBDJPOBMFT QPESB FTUBS TVKFUP B SFTUSJDDJPOFT DPNFSDJBMFT BSBODFMBSJBT Z OP
&T BDPOTFKBCMF QPOFSTF FO
DPOUBDUPDPOMBTBVUPSJEBEFTDPNQFUFOUFTBOUFTEFQMBOJGJDBSFMUSBOTQPSUFEFDVBMRVJFSBEFFTUPTQSPEVDUPTFOFM
NCJUPJOUFSOBDJPOBM6ODPNQFOEJPEFMBTSFTUSJDDJPOFTDPNFSDJBMFTRVFBGFDUBOFMNFSDBEPJOUFSOBDJPOBMEFMPT
QSPEVDUPTGPSFTUBMFTOPNBEFSFSPTTFQVFEFFODPOUSBSFO
'"03FTUSJDDJPOFTRVFBGFDUBOFMDPNFSDJPJOUFSOBDJPOBMEFQSPEVDUPTGPSFTUBMFTOPNBEFSFSPT QPS.*RCBM
1SPEVDUPT'PSFTUBMFTOP.BEFSFSPT /3PNB
-BTEFOPNJOBDJPOFTFNQMFBEBTFOFTUFQSPEVDUPJOGPSNBUJWPZMBGPSNBFORVFBQBSF
DFOQSFTFOUBEPTMPTEBUPTRVFDPOUJFOFOPJNQMJDBO EFQBSUFEFMB0SHBOJ[BDJOEFMBT
/BDJPOFT6OJEBTQBSBMB"HSJDVMUVSBZMB"MJNFOUBDJO KVJDJPBMHVOPTPCSFMBDPOEJDJO
KVSEJDBPOJWFMEFEFTBSSPMMPEFQBTFT UFSSJUPSJPT DJVEBEFTP[POBT PEFTVTBVUPSJEBEFT
OJSFTQFDUPEFMBEFMJNJUBDJOEFTVTGSPOUFSBTPMNJUFT
*4#/
5PEPTMPTEFSFDIPTSFTFSWBEPT4FBVUPSJ[BMBSFQSPEVDDJOZEJGVTJOEFNBUFSJBM
DPOUFOJEPFOFTUFQSPEVDUPJOGPSNBUJWPQBSBGJOFTFEVDBUJWPTVPUSPTGJOFTOP
DPNFSDJBMFTTJOQSFWJBBVUPSJ[BDJOFTDSJUBEFMPTUJUVMBSFTEFMPTEFSFDIPTEFBVUPS
TJFNQSFRVFTFFTQFDJGJRVFDMBSBNFOUFMBGVFOUF4FQSPICFMBSFQSPEVDDJOEFNBUFSJBM
DPOUFOJEPFOFTUFQSPEVDUPJOGPSNBUJWPQBSBSFWFOUBVPUSPTGJOFTDPNFSDJBMFTTJOQSFWJB
BVUPSJ[BDJOFTDSJUBEFMPTUJUVMBSFTEFMPTEFSFDIPTEFBVUPS-BTQFUJDJPOFTQBSBPCUFOFS
UBMBVUPSJ[BDJOEFCFSOEJSJHJSTFBM
+FGFEFM4FSWJDJPEF(FTUJOEFMBT1VCMJDBDJPOFTEFMB%JSFDDJOEF*OGPSNBDJOEFMB
'"0
7JBMFEFMMF5FSNFEJ$BSBDBMMB 3PNF *UBMZ
PQPSDPSSFPFMFDUSOJDPB
DPQZSJHIU!GBPPSH
'"0
JJJ
/%*$&
1SMPHP
4JHMBT
"HSBEFDJNJFOUPT
3FTVNFO
WJJ
WJJJ
JY
YJ
*OUSPEVDDJOTFOUBSMBTCBTFT
*NQPSUBODJBHFOFSBM
5SBEJDJPOFTFIJTUPSJBEFMVTP
0CKFUJWPTZFTUSVDUVSBEFFTUBQVCMJDBDJO
-BTGVFOUFTEFJOGPSNBDJO
$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

{2VTPOMPTIPOHPT

-BJEFOUJGJDBDJO

-PTHSVQPTQSJODJQBMFTEFIPOHPTTJMWFTUSFT

-BDPNFTUJCJMJEBEZMPTIPOHPTWFOFOPTPT

-BDVMUJWBDJOEFIPOHPTDPNFTUJCMFT

0SEFOBDJOMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFT
ZMPTVTVBSJPTEFCPTRVFT

6TPNMUJQMFEFMPTCPTRVFTBTVOUPTGPSFTUBMFTZDPOGMJDUPT

3FHMBNFOUBSMBSFDPMFDDJO

-PTSFDPMFDUPSFTZQSDUJDBTMPDBMFT

.UPEPTEFDPTFDIBZFOGPRVFT

.FEJSMBQSPEVDDJO

1MBOJGJDBDJOQSDUJDBIBDJBVOBQSPEVDDJOTPTUFOJCMF

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT
DPNFSDJP

-PTIPOHPTTJMWFTUSFTDPNFTUJCMFTZMPTNFEJPTEFWJEB

/VUSJDJOZCFOFGJDJPTQBSBMBTBMVE

$PNFSDJBMJ[BDJOMPDBMFJOHSFTPTFDPONJDPT

&MDPNFSDJPOBDJPOBMFJOUFSOBDJPOBM

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

)FDIPTDMBWF

3FTUSJDDJPOFTHFOFSBMFT

1SJPSJEBEFTFOMBJOWFTUJHBDJOMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT

0SEFOBDJOFGFDUJWB

$PNFSDJBMJ[BDJOZDVMUJWBDJO

&MGVUVSPEFMPTIPOHPTDPNFTUJCMFT

'VFOUFTEFBTFTPSBNJFOUPFJOGPSNBDJO

1FSJDJBNJDPMHJDB

(VBTEFDBNQPTPCSFMPTIPOHPTTJMWFTUSFT DPNFTUJCMFT

JW
*OGPSNBDJOTPCSFMPTIPOHPTNFEJDJOBMFTZWFOFOPTPT
4JUJPTXFC
#JCMJPHSBGB

"/&904

4VNBSJPEFMBJNQPSUBODJBEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
QPSSFHJOZQBT
GSJDB
"TJB
&VSPQB
"NSJDBEFM/PSUFZ$FOUSBM JODMVJEBMBSFHJOEFM$BSJCF

0DFBOB
"NSJDBEFM4VS

3FHJTUSPTQPSQBTEFMPT)46 DPNFTUJCMFT NFEJDJOBMFTZPUSPTVTPT

-JTUBHMPCBMEFIPOHPTTJMWFTUSFTVTBEPTDPNPBMJNFOUP
DPOTJEFSBEPTBMJNFOUPZPDPOQSPQJFEBEFTNFEJDJOBMFT

)POHPTDPNFTUJCMFTZNFEJDJOBMFTRVFQVFEFOTFSDVMUJWBEPT

-PT)4$WFOEJEPTFOMPTNFSDBEPTMPDBMFT
$6"%304

/NFSPEFFTQFDJFTEFIPOHPTTJMWFTUSFTDPNFTUJCMFTZNFEJDJOBMFT

%JTDJQMJOBTZSFBTEFBDUJWJEBERVFDPOUJFOFOJOGPSNBDJOTPCSFMPT)46

'BNJMJBTEFQMBOUBTDPOIPOHPTFDUPNJDPSS[JDPTDPNFTUJCMFT

/PNCSFTDJFOUGJDPTQSFGFSJEPT BDUVBMFTPiDPSSFDUPTw
EFMPTIPOHPT
TJMWFTUSFTFDPONJDBNFOUFJNQPSUBOUFT

(OFSPTJNQPSUBOUFTEFIPOHPTTJMWFTUSFTDPODPNFOUBSJPTTPCSFTVTVTPT
ZDPNFSDJBMJ[BDJO

)POHPTDPOJOGPSNFTDPOGMJDUJWPTTPCSFTVDPNFTUJCJMJEBE

&QJTPEJPTEFFOWFOFOBNJFOUPTFOHSBOFTDBMBDBVTBEPTQPSFMDPOTVNP
EFIPOHPTTJMWFTUSFT

7FOUBEFQFSNJTPTQBSBMBSFDPMFDDJOEFNBUTVUBLFTFOFM#PTRVF/BDJPOBM
EF8JOFNB 0SFHPO

3FDPMFDDJOEF)4$FOMB3FQCMJDB6OJEBEF5BO[BOJB .YJDP
'FEFSBDJO3VTB #IVUO 'JOMBOEJB *OEJBZ$IJOB
3FOEJNJFOUPEFMPTIPOHPTTJMWFTUSFTFOEJGFSFOUFTQBTFT

1SPEVDDJOOBDJPOBMEFIPOHPTDPNFTUJCMFT
1SFQBSBDJOEFMBTEJSFDUSJDFTQBSBMBHFTUJOEFMPTIPOHPTTJMWFTUSFT

DPNFTUJCMFT
&TUVEJPTFUOPDJFOUGJDPTEFIPOHPTTJMWFTUSFTDPOQSPQJFEBEFTDPNFTUJCMFT

ZNFEJDJOBMFT
$PNQPTJDJOOVUSJUJWBEFBMHVOPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
7BMPSOVUSJUJWPFTUJNBEPEFBMHVOPTIPOHPTDPNFTUJCMFT
7JTJOHFOFSBMEFMPTWBMPSFTOVUSJUJWPTEFWBSJPTBMJNFOUPT

DPNQBSBEPTDPOMPTIPOHPT
1SPQJFEBEFTZDBSBDUFSTUJDBTEFQSJODJQBMFTNBDSPNJDFUPTNFEJDJOBMFT
3FDPMFDDJOMPDBM DPNFSDJBMJ[BDJOZVTPEFMPTIPOHPTTJMWFTUSFT

DPNFTUJCMFT
1SPEVDDJONVOEJBMEFIPOHPTDVMUJWBEPT
7BMPSEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTSFDPMFDUBEPTQPSQBTEFPSJHFO
.BUTVUBLFQSPEVDDJOOBDJPOBMFJNQPSUBDJPOFTB+BQOo

FOUPOFMBEBT

.BUTVUBLFFYQPSUBDJPOFTB+BQOEFWBSJPTQBTFTo

FOUPOFMBEBT

.BUTVUBLFWBMPSEFMBTFYQPSUBDJPOFTIBDJB+BQOEFTEFWBSJPT

QBTFTo
7PMVNFOEFMBTFYQPSUBDJPOFTEF)4$EFTEFBMHVOPTQBTFT

FOUPOFMBEBT

&YJHFODJBTEFJOGPSNBDJOZBSHVNFOUPTSFMBUJWPTBMVTPTPTUFOJCMF

EFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
'VFOUFTEFBTFTPSBNJFOUPUDOJDPZEFJOGPSNBDJOTPCSFMPTIPOHPT

TJMWFTUSFTDPNFTUJCMFT
(VBTEFDBNQPZTJUJPTXFCQBSBMBJEFOUJGJDBDJOEFMPTNBDSPIPOHPT

ZEFTVTWBSJFEBEFTDPNFTUJCMFT
4JUJPTXFCHFOFSBMFTTPCSFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTZ

BSHVNFOUPTSFMBDJPOBEPT
WJ
*-6453"$*0/&4
5JQPTEFNBDSPNJDFUPT PNBDSPIPOHPT

$PNPDSFDFOMPTIPOHPTNJDPSS[JDPT TBQSGJUPTZQBUHFOPT
{$VMFTIPOHPTTPODPNFTUJCMFT *EFOUJGJRVFNPTMBTFTQFDJFT
-BSFDPMFDDJOEFUSVGBTFO*UBMJB
&MDPNFSDJPEF#PMFUVTFEVMJT
-PTIPOHPTDPNFTUJCMFTFOGSJDB
-PTIPOHPTDPNFTUJCMFTFO"NSJDB-BUJOBZFM$BSJCF
-PTIPOHPTDPNFTUJCMFTFO"TJB
-PTIPOHPTDPNFTUJCMFTZNFEJDJOBMFTFO"TJB
3&$6"%304
-PTIPOHPT TFUBT
1FSTQFDUJWBTEFVOQBTFOEFTBSSPMMP
i4JDPNPFTUFCPXBTJHOJGJDBRVFFTQFSGFDUPQBSBMBWFOUBwMFDDJO
EFNPTUSBUJWBEFM4S4BCJUJ'JEFT VODPNFSDJBOUFEF.BMBXJ

&MNBUTVUBLFZTVFYQPSUBDJOB+BQO

*OWFOUBSJPQSDUJDPFYQFSJFODJBTEFTEF.BMBXJ

-PTQSPZFDUPTEFEFTBSSPMMPZMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT

"NJOPDJEPT QSPUFOBTZFMWBMPSOVUSJUJWPEFMPTIPOHPTTJMWFTUSFT
DPNFTUJCMFT

-PTQFSNJTPTZMBTMFZFTFONBUFSJBEFSFDPMFDDJO

-BDBMJEBEEFMQSPEVDUPZTVJNQPSUBODJBQBSBFMDPNFSDJP

WJJ
13-0(0
-BNBZPSQBSUFEFMPTEFCBUFTFOMPTGPSPTJOUFSOBDJPOBMFTTPCSFBTQFDUPTGPSFTUBMFTZ
EFM EFTBSSPMMP BOBMJ[BO MB GPSNB FO MB DVBM MPT CPTRVFT MPT QSPEVDUPT GPSFTUBMFT Z MB
TJMWJDVMUVSB FO HFOFSBM QVFEFO DPOUSJCVJS B MPT 0CKFUJWPT EF EFTBSSPMMP EFM .JMFOJP EF
MBT/BDJPOFT6OJEBTSFEVDJSBMBNJUBEMBQPCSF[BZMBJOTFHVSJEBEBMJNFOUBSJBEFOUSP
EFM BP &M QSPHSBNB '"0 EF QSPNPDJO Z EFTBSSPMMP EF 1SPEVDUPT 'PSFTUBMFT
OP .BEFSFSPT 1'/.
FTU DPOUSJCVZFOEP B FTUPT PCKFUJWPT PQUJNJ[BOEP FM VTP
TPTUFOJCMFEFMPT1'/.DPOFMGJOEFNFKPSBSMBQSPEVDDJOEFCFOFGJDJPTFDPONJDPT
ZMBTFHVSJEBEBMJNFOUBSJB QBSBGBWPSFDFSVOBPSEFOBDJOQSVEFOUFEFMPTCPTRVFTEFM
NVOEPZDPOTFSWBSTVEJWFSTJEBECJPMHJDB
&O FTUF DPOUFYUP MPT IPOHPT MMBNBEPT UBNCJO iTFUBTu
TPO VOP EF MPT HSVQPT
NT JNQPSUBOUFT EF 1'/. SFDPMFDUBEPT FO UPEP FM NVOEP Z VTBEPT QBSB GJOFT EF
TVQFSWJWFODJB WFOEJEPT UBOUP FO MPT NFSDBEPT MPDBMFT DPNP FO MPT SFTUBVSBOUFT 4JO
FNCBSHP MB NBZPS QBSUF EF MB JOGPSNBDJO EJTQPOJCMF TPCSF MPT IPOHPT JMVTUSB MBT
FTQFDJFT DVMUJWBEBT Z MPT EBUPT TPCSF MPT IPOHPT TJMWFTUSFT DPNFTUJCMFT )4$
TPO
UPEBWBFTDBTPT
&TUBQVCMJDBDJOUJFOFFMQSPQTJUPEFEPDVNFOUBSZBOBMJ[BSFMQBQFMEFMPT)4$FO
MBTFHVSJEBEBMJNFOUBSJB DPODFOUSOEPTFFOMPTQBTFTFOEFTBSSPMMP)FNPTSFDPQJMBEP
FOFTUFWPMVNFOMBJOGPSNBDJO BNQMJBNFOUFEJTQFSTB TPCSFFMVTPZMBTQPTJCJMJEBEFT
EF EFTBSSPMMP EF MPT )4$ JODMVZFOEP BSHVNFOUPT UBMFT DPNP FDPMPHB SFDPMFDDJO
DPTFDIB CFOFGJDJPTTPDJPFDPONJDPTZDPNFSDJP
%JWVMHBOEP FTUB JOGPSNBDJO TF FTQFSB RVF MB BUFODJO EF MPT UDOJDPT GPSFTUBMFT
OVUSJDJPOJTUBT QMBOJGJDBEPSFT EF SFDVSTPT OBUVSBMFT SFTQPOTBCMFT EF QPMUJDBT Z PUSBT
QBSUFTJOUFSFTBEBTTFDPODFOUSFFOMBSFMBDJOFOUSFFTUBJNQPSUBOUFDBUFHPSBEF1'/.
MBTFHVSJEBEBMJNFOUBSJBZVOBPSEFOBDJOGPSFTUBMTPTUFOJCMF
4FFTQFSBRVFFTUBQVCMJDBDJODPOUSJCVZBBQSPNPWFSFMVTPTPTUFOJCMFEFMPT)4$
DPNPVOFMFNFOUPWBMJPTPQBSBFMQSPDFTPEFEFTBSSPMMPFDPONJDPZ EFTEFMVFHP QBSB
FMBMJWJPEFMBQPCSF[B
8VMG,JMMNBOO
%JSFDUPS
%JSFDDJOEF1SPEVDUPTZ&DPOPNB'PSFTUBMFT
%FQBSUBNFOUPEF.POUFTEFMB'"0
WJJJ
4*(-"4
%'*%
%FQBSUBNFOUPEF%FTBSSPMMP*OUFSOBDJPOBM
&.$
&DUPNJDPSSJ[B
)4$
)POHPTTJMWFTUSFTDPNFTUJCMFT
)46
)POHPTTJMWFTUSFTUJMFT JODMVZFMPTIPOHPTDPNFTUJCMFT
MPTIPOHPTNFEJDJOBMFTZMPTIPOHPTDPOPUSBTQSPQJFEBEFT
.5$
.FEJDJOBUSBEJDJPOBMDIJOB
0/(
0SHBOJ[BDJOOPHVCFSOBNFOUBM
1'/.
1SPEVDUPTGPSFTUBMFTOPNBEFSFSPT
4&3."/"5 4FDSFUBSBEF.FEJP"NCJFOUFZ3FDVSTPT/BUVSBMFT
JY
"(3"%&$*.*&/504
&TUB QVCMJDBDJO TF CBTB FO VOB WFSTJO FO JOHMT QSPQVFTUB QPS &SJD #PB EF $"#*
#JPTDJFODF&MBVUPSTFEFEJDQPSQSJNFSBWF[BMPT)4$HSBDJBTB+JN8BMMFS VODPMFHB
EF $"#* #JPTDJFODF &TUB DPMBCPSBDJO DPOEVKP BM QSPZFDUP )POHPT $PNFTUJCMFT EF
.JPNCP GVOEBEP QPS FM %FQBSUBNFOUP EF %FTBSSPMMP *OUFSOBDJPOBM %'*% QPS TVT
TJHMBT FO JOHMT
EF B Z QVFTUP FO QSDUJDB FO DPOKVOUP DPO FM *OTUJUVUP EF
*OWFTUJHBDJO'PSFTUBMEF.BMBXJ1BVM,JSL (FSBME.FLFZ+BOFU-PXPSFDPOUSJCVZFSPO
FOPSNFNFOUFDPOFTUFQSPZFDUPZDPOMBBTJNJMBDJOQFSTPOBMTPCSFMPT)4$ZTVVTP
QPSQBSUFEFMBQPCMBDJOSVSBM
&M BVUPS TF NPTUSBCB JOUSJHBEP Z FTUVQFGBDUP DPOUJOVBNFOUF QPS UPEP MP RVF TF IB
FTDSJUP TPCSF MPT )4$ EBUPT B NFOVEP FTDPOEJEPT FO JOGPSNFT Z FO PUSPT MVHBSFT
NFOPT WJTJCMFT %PT DPMFHBT CSJUOJDPT #SJBO .PSSJT Z (SBIBN 1JFBSDF MF TJSWJFSPO
EF JOTQJSBDJO QBSUJDVMBS "NCPT MMFWBSPO B DBCP JOWFTUJHBDJPOFT BNQMJBT Z DPOUJOVBT
FO NJSBT B EFNPTUSBS MB JNQPSUBODJB EF MPT )4$ QBSB MB HFOUF EF GSJDB NFSJEJPOBM
Z UBNCJO MPHSBSPO DSFBS DPODJFODJB FO VO GSFOUF NT BNQMJP TPCSF FTUF SFDVSTP
GSFDVFOUFNFOUF EFTBQSPWFDIBEP (SBIBN FT VOB GVFOUF JOBHPUBCMF EF DPNFOUBSJPT
JOGPSNBDJOZGPUPHSBGBT
%BWF 1JM[ EF &TUBEPT 6OJEPT FT NJFNCSP EF VO HSVQP EF DJFOUGJDPT RVF IB
USBCBKBEPDPOMPT)4$FOFM1BDGJDPOPSPFTUF4VMBCPSUBNCJOIBTJEPVOBGVFOUFEF
JOTQJSBDJOZEFBTJNJMBDJO&MBVUPSBHSBEFDFB%BWJE FOQBSUJDVMBS FMCFOFGJDJPEFTVT
QFSDFQDJPOFTTPCSFBSHVNFOUPTEFBOMJTJTDJFOUGJDP+FGGFSZ#FOUMFZIJ[PNVDIPQBSB
QPOFSBMBVUPSBMDPSSJFOUFEFMPTQSPCMFNBTEFMBHFOUFZ TJOFTUBWBMJPTBBZVEB FTUBSB
UPEBWBMVDIBOEPQBSBFTUBCMFDFSMBTDPOFYJPOFTGSVDUGFSBTFOUSFMBDJFODJBZFMEFTBSSPMMP
&OMB'"0 -BVSB3VTTPTVHJSJRVFFTDSJCJFSBFTUFMJCSP Z4WFO8BMUFSTVQFSWJTTV
SFBMJ[BDJO SFWJTBOEPDPOQBDJFODJBBOBMUJDBFMEPDVNFOUP&MBVUPSBHSBEFDFUBNCJOB
4WFOZBTVTDPMFHBT FOQBSUJDVMBSB'MPSFODF&HBM 'SBOPJT/%FDLFSF;JBOHCB +PSJLF
1PUUFST .FUUF -PZDIF8JMLJF .JDIFMF -BWFSEJSF 0MNBO 4FSSBOP 1BVM 7BOUPNNF
1FUFS#BJMFZZ5JOB&UIFSJOHUPO QPSTVTPCTFSWBDJPOFT"HSBEFDF BEFNT BTVGBNJMJB
QPS IBCFSMF CSJOEBEP FM UJFNQP EF DPNQMFUBS FTUF QSPZFDUP Z EF MB NJTNB NBOFSB B
MPT EFNT BNJHPT RVF MF BZVEBSPO DPO FM BMPKBNJFOUP Z MB USBORVJMJEBE OFDFTBSJB QBSB
FTDSJCJS
&M BVUPS FYUJFOEF VO SFDPOPDJNJFOUP B MBT EFNT QFSTPOBT RVF MF CSJOEBSPO BZVEB
Z RVF NFODJPOB FO PSEFO BMGBCUJDP "MFTTBOESB ;BNCPOFMMJ *UBMJB
"OBCFMB .BSUJOT
1PSUVHBM
"OB'SBODP.PMBOP $PMPNCJB
"OESEF.FJKFS #SBTJM
"OESEF,FTFM
#MHJDB
"OESFX1VMGPSE 3FJOP6OJEP
"OUPOFMMB"NJDVDDJ *UBMJB
"OYJPVT.BTVLB
;JNCBCXF
"SBJMEF'VFOUFT #SBTJM
"SJF#JKM 4VEGSJDB
"UUJMB)FHFEVT )VOHSB

#BSU#VZDL 'SBODJB
#SFOEB%PXO 3FJOP6OJEPZ4JFSSB-FPOB
#SJBO.PSSJT 3FJOP
6OJEP
$BSPMJOF#PB 3FJOP6OJEP
%BOJFM8JOLMFS &&66
%BWF1JM[ &&66

%BWJE.JOUFS 3FJOP6OJEP
%FOOJT%FTKBSEJO &&66
%VODBO#PB 3FJOP6OJEP

&MBJOF .BSTIBMM 3FJOP 6OJEP Z .YJDP
&MTF 7FMMJOHB &&66
&NJEJP #PSHIJ
*UBMJB
'SBOL5BZMPS #PUTXBOB
(FOF:FUUFS &&66
(FPSHFT3FO *UBMJBZ)BJU

(FSBME.FLF .BMBXJ
(FSSJUU.BSBJT 4VEGSJDB
(JBOMVJHJ(SFHPSJ *UBMJB
))PTBLB
3FQCMJDB %FNPDSUJDB 1PQVMBS -BP
(SBIBN 1JFBSDF 3FJOP 6OJEP
(JVTFQQF
$BSEJOBMF *UBMJB
)BSSZ &WBOT 3FJOP 6OJEP
)JMEFHVO 'MPN /PSVFHB
*BO )BMM
/VFWB ;FMBOEB
*CV -FZVMBOJ *OEPOFTJB
*SJOB (PSCVOPWB 'FEFSBDJO 3VTB

*SNB (BNVOE "SHFOUJOB
+BOFU 1SPCZO -PXPSF .BMBXJ
+BWJFS -BOEFS &TQBB

+FSSZ $PPQFS /VFWB ;FMBOEB
+JN 8BMMFS 3FJOP 6OJEP
+JNNZ -PXPSF GBMMFDJEP
.BMBXJ
+PMBOEB3PVY 4VEGSJDB
-BVSP3VTTP *UBMJB
-FTMFZ3BHBC 3FJOP6OJEP

-VCB /BOBHVZMBO "SNFOJB

-VP (IVP[IPOH $IJOB
. 4OPXBSTLJ 1PMPOJB

.BSD %VDPVTTP 'SBODJB
.BSJB $IBNCFSMBJO 3FJOP 6OJEP
.BSJB 5FSFTB 4DIJGJOP
8JUUNBOO #SBTJM
.BSJTFMB ;BNPSB.BSUOF[ .YJDP
.BSKB )SLOFO 'JOMBOEJB

.BSZ"QFUPSHCPS (IBOB
.FSBM(VSFS 5VSRVB
.JLF)PXBSE 4VEGSJDB
.JSJBN
EF 3PNO &TQBB
:MFT .BOEFS 4VEGSJDB
/FDMB $BHMBSJSNBSL 5VSRVB
1BVM
)PVTF )POEVSBT Z 3FJOP 6OJEP
1BVM ,JSL 3FJOP 6OJEP
1IVOUTIP /BNHZFM
#IVUO
1JFSMVJHJZTVQFSSJUB-VOB 6SCJOP *UBMJB
3PCFSUP'MPSFT (VBUFNBMB
3PSZ
.D#VSOFZ 3FJOP6OJEP
3PZ8BUMJOH &TDPDJB
4BSB.BMUPOJZTV.BN $FSEFB

4FPOB "OEFSTPO 3FJOP 6OJEP
4JODMBJS 5FEEFS $BOBE
4PMPNPO 8BTTFS *TSBFM

4PVMFNBOF:PSPV #FOJO
4UFQIBOPT%JBNBOEJT (SFDJB
4VTBO"MFYBOEFS &&66

4WFO 8BMUFS *UBMJB
5JN -JWFTFZ 3FJOP 6OJEP
8BSSFO 1SJFTU 3FJOP 6OJEP
:VO
8BOH $IJOBZ/VFWB;FMBOEB

&TUPTBNJHPTZDPMFHBTIBOTVNJOJTUSBEPBMBVUPSVOBWBMJPTBJOGPSNBDJO$VBMRVJFS
FSSPSFOMBQSFTFOUBDJOPJOUFSQSFUBDJORVFEBFOUSFFMBVUPSZMB'"01BVM,JSLDPOUSPM
MPTOPNCSFTDJFOUGJDPTEFMPTIPOHPTTJMWFTUSFTZTVHJSJDBNCJPTRVFDPODPSEBSBODPO
MB UFOEFODJB UBYPONJDB BDUVBM &TUB FT VO SFB RVF TF QSFTUB B DPOGVTJO Z TJO MVHBS
B EVEBT MBT MJTUBT DPNQJMBEBT QBSB FTUF MJCSP OFDFTJUBSBO BMHVOPT DBNCJPT 4F FTUO
MMFWBOEPBDBCPOVFWBTJOJDJBUJWBTTPCSF)4$ EJSJHJEBTBTVVTPTPTUFOJCMFQPSQBSUFEF
MBQPCMBDJOSVSBM FTQFDGJDBQFSPOPFYDMVTJWBNFOUFFOMPTQBTFTFOWBTEFEFTBSSPMMP
YJ
3&46.&/
-PT)4$TPOSFDPMFDUBEPTQBSBBMJNFOUBDJOZQBSBCFOFGJDJPFDPONJDPFONTEF
QBTFTEFUPEPFMNVOEP)BZVOBBNQMJBWBSJFEBEEFFTQFDJFTEJGFSFOUFT EFTEFMBTUSVGBT
IBTUBMPTIPOHPTEFQJOP EFTEFMPTSFCP[VFMPTIBTUBMPTIPOHPT5FSNJUPNZDFT DPONT
EFFTQFDJFTSFHJTUSBEBTEVSBOUFMBQSFQBSBDJOEFFTUFMJCSP6OQFRVFPHSVQPEF
FTQFDJFTFTEFJNQPSUBODJBFDPONJDBQBSBMBFYQPSUBDJO QFSPTVNBZPSJNQPSUBODJB
SFTJEF FO MPT VTPT EF TVQFSWJWFODJB EF MPT QBTFT FO EFTBSSPMMP 1SPQPSDJPOBO VOB
DPOUSJCVDJOJNQPSUBOUFBMBEJFUBFOGSJDBDFOUSBMZNFSJEJPOBMEVSBOUFMPTNFTFTEFM
BPFOMPTDVBMFTFMBCBTUFDJNJFOUPEFBMJNFOUPTFTHFOFSBMNFOUFFTDBTP&OPUSBTQBSUFT
EFMNVOEPTPOVODPNQMFNFOUPWBMJPTPZOVUSJUJWPEFMBEJFUBEFMBQPCMBDJOSVSBM
-B SFDPMFDDJO DPNFSDJBM FT JNQPSUBOUF FO QBTFT UBMFT DPNP ;JNCBCXF 5VSRVB
1PMPOJB &TUBEPT 6OJEPT 3FQCMJDB 1PQVMBS %FNPDSUJDB EF $PSFB Z #IVUO &M
DPNFSDJPEFFYQPSUBDJOFTUSFHVMBEPQPSVOBEFNBOEBFOGVFSUFFYQBOTJOQPSQBSUF
EF&VSPQBZ+BQOZTFFGFDUBGVOEBNFOUBMNFOUFEFTEFMPTQBTFTQPCSFTBMPTSJDPT
&TUP FT QPTJUJWP QBSB MPT DPNFSDJBOUFT Z SFDPMFDUPSFT MPDBMFT Z QSPQPSDJPOB JOHSFTPT
FDPONJDPT JNQPSUBOUFT QBSB TPMWFOUBS MPT HBTUPT FTDPMBSFT EF MPT OJPT Z SFEVDJS MB
QPCSF[BFOSFBTEPOEFMBTQPTJCJMJEBEFTEFHBOBSEJOFSPTPOMJNJUBEBT-PTNFSDBEPT
MPDBMFTFOUPEPFMNVOEPSFWFMBOVOGVFSUFDSFDJNJFOUPBQFTBSEFMDPNFSDJPJOEJWJEVBM
NT QFRVFP FO VO HSBOETJNP NCJUP EF FTQFDJFT "VORVF FT EJGDJM EF DBMDVMBS
FO DPNQBSBDJO DPO VOB FYQPSUBDJO NT WJTJCMF EF )4$ FM NFSDBEP MPDBM FT EF
DPOTJEFSBCMFWBMPSQBSBMPTSFDPMFDUPSFTFJODSFNFOUBFMTVNJOJTUSPEFBMJNFOUPBNVDIBT
SFBTEFTFHVSJEBEBMJNFOUBSJBFOEFCMF
-BSFDPMFDDJOZFMDPOTVNPDBNCJBOFODBEBQBT WBOEFTEFMPTNPEFMPTFYUFOTJWPT
F JOUFOTJWPT EF $IJOB IBTUB VO VTP NT SFTUSJOHJEP FO MBT QPCMBDJPOFT BVUDUPOBT
TVEBNFSJDBOBT &O FM QSPDFTP EF SFDPMFDDJO OP TF SFHJTUSBO HSBOEFT DBOUJEBEFT EF
IPOHPT VUJMJ[BEBT QBSB FM BVUPDPOTVNP &M WBMPS OVUSJUJWP EF MPT )4$ OP EFCFSB
TVCFTUJNBSTF TF QVFEF DPNQBSBS BM EF VOB CVFOB DBOUJEBE EF WFSEVSBT Z FO NVDIPT
DBTPTBRVFMMPTUJFOFOVOWBMPSBMJNFOUBSJPNTBMUP
-PT )4$ UJFOFO VO QBQFM FDPMHJDP JNQPSUBOUF .VDIBT EF MBT FTQFDJFT EFTUBDBEBT
WJWFOFOTJNCJPTJTDPOMPTSCPMFTZFTUBBTPDJBDJONJDPSS[JDBTPTUJFOFFMDSFDJNJFOUP
EF MPT CPTRVFT OBUVSBMFT BVUDUPOPT Z EF MBT QMBOUBDJPOFT DPNFSDJBMFT FO MBT [POBT
UFNQMBEBT Z USPQJDBMFT -PT )4$ TBQSGJUPT BVORVF NFOPT JNQPSUBOUFT FO DVBOUP B
DBOUJEBEFTSFDPMFDUBEBTZHBOBODJBQBSBMBTWFOUBTMPDBMFT TPOJNQPSUBOUFTFOFMSFDJDMBKF
EFTVTUBODJBTOVUSJUJWBT-BTFTQFDJFTTBQSGJUBTTPOMBCBTFQBSBVODPNFSDJPHMPCBMEF
IPOHPTDVMUJWBEPTUBOJNQPSUBOUFRVFBDUVBMNFOUFSPOEBMPTNJMNJMMPOFTEFEMBSFT
&&66QPSBPTUBFTVOBGVFOUFDSFDJFOUFEFJOHSFTPTQBSBMBTFNQSFTBTFOQFRVFB
FTDBMBEFMPTQBTFTFOEFTBSSPMMP
-PT )4$ TPO BMHVOPT EF MPT NT WBMJPTPT 1'/. DPO VO FOPSNF QPUFODJBM EF
FYQBOTJO DPNFSDJBM QFSP QSFTFOUBO UBNCJO SFUPT FO TV HFTUJO Z QSPEVDDJO
TPTUFOJCMFDPNPQBSUFJOUFHSBOUFEFCPTRVFTEFVTPNMUJQMF"MHVOBTQSFPDVQBDJPOFT
TPCSFFMJNQBDUPEFVOBSFDPMFDDJOFYDFTJWBTVHJFSFONFKPSFTEBUPTFOFMSFOEJNJFOUPZ
QSPEVDUJWJEBEZVOFYBNFONTNJOVDJPTPEFMPTSFDPMFDUPSFTZEFMBTQSDUJDBTMPDBMFT
4FOFDFTJUBVOBDPPQFSBDJONTFTUSFDIBFOUSFMPTSFTQPOTBCMFTEFMBPSEFOBDJOGPSFTUBM
ZMPTRVFVTBOMPT)4$ZIBZRVFQSPQPOFSTVHFSFODJBTTPCSFDPNPTFQVFEFBMDBO[BS
FTUFPCKFUJWP
4FIBDFIJODBQJFOFMVTPEFMPT)4$QBSBMBTVQFSWJWFODJBZFOTVJNQPSUBODJBQBSBMB
QPCMBDJOSVSBMEFMPTQBTFTFOEFTBSSPMMP BVORVFFTUBFTVOSFBEPOEFFYJTUFOUPEBWB
YJJ
FOPSNFTWBDPTFOMBJOGPSNBDJO)BZUBNCJOVOBSFDPMFDDJODPNFSDJBMJNQPSUBOUF
FO MPT QBTFT EFTBSSPMMBEPT UBMFT DPNP &TUBEPT 6OJEPT Z $BOBE Z FO MBT FDPOPNBT
FNFSHFOUFT EF &VSPQB EFM FTUF QFK 1PMPOJB 4FSCJB Z .POUFOFHSP
4JO FNCBSHP MPT
QBTFT EFM /PSUF TPO NT JNQPSUBOUFT DPNP EFTUJOP QBSB MBT FYQPSUBDJPOFT Z DPNP
GVFOUFEFQFSJDJBDJFOUGJDB FTQFDJBMNFOUFFOMBNJDPMPHB FTUVEJPEFMPTIPOHPT

&TUBQFSJDJBDJFOUGJDBFTUTJFOEPBQMJDBEBDBEBEBNTQBSBDPOUSJCVJSBMPHSBSMPT
0CKFUJWPTEFEFTBSSPMMPEFM.JMFOJP RVFJODMVZFOFMBMJWJPEFMBQPCSF[BZFMVTPTPTUFOJCMF
EFMPTSFDVSTPTOBUVSBMFT)BTJEPBMDBO[BEP ZTJHVFBMDBO[OEPTF
VOQSPHSFTPFGFDUJWP
FOFMQBQFMRVFMPT)4$UJFOFOFOFMDVNQMJNJFOUPEFFTUPTPCKFUJWPT
*.1035"/$*"(&/&3"-PT IPOHPT TJMWFTUSFT DPNFTUJCMFT IBO TJEP SFDPMFDUBEPT Z DPOTVNJEPT QPS MB HFOUF
EVSBOUF NJMFT EF BPT -PT SFHJTUSPT BSRVFPMHJDPT SFWFMBO FTQFDJFT DPNFTUJCMFT
BTPDJBEBT DPO MBT QPCMBDJPOFT DIJMFOBT EF IBDF BPT 3PKBT Z .BOTVS

QFSP FT FO $IJOB EPOEF TF OPUB QPS QSJNFSB WF[ TV DPOTVNP DPNP BMJNFOUP WBSJPT
TJHMPTBOUFTEFMOBDJNJFOUPEF$SJTUP "BSPOTPO
-PTIPOHPTTJMWFTUSFTGVFSPO
SFDPMFDUBEPTFOMPTCPTRVFTFOUJFNQPTEFMBBOUJHVB(SFDJBZEFMPTSPNBOPT TJFOEP
BQSFDJBEPT NT QPS QFSTPOBT EF BMUP SBOHP RVF QPS MB QPCMBDJO FO HFOFSBM #VMMFS

-B i"NBOJUB EF MPT $TBSFTu "NBOJUB DBFTBSFB
FT FM MFHBEP EF VOB BOUJHVB
USBEJDJO RVF UPEBWB FYJTUF FO NVDIBT QBSUFT EF *UBMJB Z BCBSDB VOB HSBO WBSJFEBE
EF FTQFDJFT DPNFTUJCMFT FOUSF MBT DVBMFT QSFEPNJOBO FM UBSUVGP USVGB TQ 5VCFS
Z FM
QPSDJOP CPMFUPDPNFTUJCMF #PMFUVTFEVMJT

$IJOBBQBSFDFQSFQPOEFSBOUFNFOUFFOFMSFHJTUSPIJTUSJDPBOUJHVPZNPEFSOPEF
MPT)4$-PTDIJOPTIBOBQSFDJBEPNVDIBTFTQFDJFTDPOFMQBTBSEFMPTTJHMPT OPTMP
QPS TVT QSPQJFEBEFT OVUSJUJWBT Z TBCPS TJOP UBNCJO QPS TVT QSPQJFEBEFT DVSBUJWBT
)PZFOEBFTUPTWBMPSFTZUSBEJDJPOFTTPOUBOGVFSUFTDPNPMPFSBOIBDFTJHMPTZFTUO
DPOGJSNBEPT QPS MB HSBO DBOUJEBE EF IPOHPT TJMWFTUSFT SFDPMFDUBEPT FO MPT CPTRVFT Z
DBNQPTRVFTFWFOEFOFOMPTNFSDBEPTEFUPEPFMNVOEP 8BOH
*MVTUSBDJO

$IJOBFTUBNCJOFMMEFSFOFYQPSUBDJPOFTEFIPOHPTDVMUJWBEPT
&TUNFOPTEJGVOEJEPFMIFDIPEFRVFQBTFTDPNP.YJDP *MVTUSBDJO
5VSRVB
Z HSBOEFT SFBT EF $FOUSP Z 4VEGSJDB *MVTUSBDJO
UJFOFO UBNCJO VOB USBEJDJO
BOUJHVB F JNQPSUBOUF DPO MPT )4$ -B MJTUB EF QBTFT EPOEF TF DJUB FM DPOTVNP Z MB
QSPEVDDJOEFJOHSFTPTQBSBMBQPCMBDJOSVSBMQPSNFEJPEFMPTIPOHPTTJMWFTUSFTFT
NVZFYUFOTB "OFYP

&O MOFB HFOFSBM TF FYBHFSB TPCSF MB $6"%30
BNFOB[B SFQSFTFOUBEB QPS MBT FTQFDJFT /NFSPTEFFTQFDJFTEFIPOHPTTJMWFTUSFTDPNFTUJCMFTZ
WFOFOPTBT Z MFUBMFT -PT FQJTPEJPT EF NFEJDJOBMFT
/%&&41&$*&4 103$&/5"+&
NVFSUFT Z FOWFOFOBNJFOUPT TPO QPDPT Z $"5&(03"
505"SBSPTDPNQBSBEPTDPOFMDPOTVNPDPUJEJBOP 4MPDPNFTUJCMFT

Z TFHVSP EF MBT FTQFDJFT TJMWFTUSFT QFSP FO $PNFTUJCMFTZNFEJDJOBMFT

BMHVOBTTPDJFEBEFT MBQVCMJDJEBEZMPTFTUJMPT 4MPBMJNFOUP

DVMUVSBMFTTJHVFOTFNCSBOEPUFNPSSFTQFDUP
"MJNFOUPZNFEJDJOBM

B MPT IPOHPT TJMWFTUSFT &TUP BDPOUFDF DPO
4MPNFEJDJOBM

NBZPSGSFDVFODJBFOMPTQBTFTEFTBSSPMMBEPT

Z IB MMFWBEP JOEVEBCMFNFOUF B MB DSFFODJB 0USPTVTPT GVFSBEFMPT
BOUFSJPSFT
HFOFSBMJ[BEBEFRVFFMVTPNVOEJBMEF)4$ 505"-FTQFDJFTTJMWFTUSFTUJMFT

TFEBFOQFRVFBFTDBMBZFTUSFTUSJOHJEPB 50%04TMPDPNFTUJCMFT

SFBT DMBWF 1SPQPTJDJO RVF DPNP SBUJGJDB 50%04BMJNFOUP

FTUBPCSB UJFOFVOWBMPSEFWFSEBEOFHBUJWP 50%04NFEJDJOBMFT

$VBESP
&M DPOTVNP EF MPT )4$ FT
FYUFOTJWP F JOUFOTJWP BVORVF MPT NPEFMPT /PUB $PNQJMBEP EF NT EF GVFOUFT EJGFSFOUFT PSJHJOBSJBT
EF QBTFT QFSP FYDMVZF VO SFTVNFO EFUBMMBEP EF FTQFDJFT EF
EFVTPTFBOWBSJBCMFT "OFYP

MPT QBTFT EFTBSSPMMBEPT -BT WBSJFEBEFT Z MBT TVCFTQFDJFT IBO TJEP

7BTFFOFM3FDVBESPMBUFSNJOPMPHBVUJMJ[BEBFO
FTUFMJCSP
DBMDVMBEBT QPS TFQBSBEP -BT DBUFHPSBT BMJNFOUP Z DPNFTUJCMF TF

FYDMVZFO NVUVBNFOUF 1BSB EJTUJOHVJS DMBSBNFOUF FOUSF FM VTP Z MBT
QSPQJFEBEFT EF VOB FTQFDJF IBDF GBMUB VO ONFSP JNQPSUBOUF EF
FTQFDJFTDPNFTUJCMFTRVFTFVTBODPNPBMJNFOUP
-PTIPOHPTTJMWFTUSFTDPNFTUJCMFTQFSTQFDUJWBHMPCBMEFTVVTPFJNQPSUBODJBQBSBMBQPCMBDJO
3&$6"%30
-PTIPOHPT TFUBT
-PT IPOHPT TPO VO HSVQP CJFO EJGFSFODJBEP EF PSHBOJTNPT RVF JODMVZF FTQFDJFT DPO DBSQGPSPT
HSBOEFT Z WJTJCMFT FT EFDJS NBDSPNJDFUPT NBDSPIPOHPT V IPOHPT TVQFSJPSFT
-PT FKFNQMPT NT
DPOPDJEPTEFNBDSPNJDFUPTTPOMBTiTFUBTu QBMBCSBBNQMJBNFOUFVTBEBFO&TQBBQBSBSFGFSJSTFBMPT
IPOHPTDPNFTUJCMFT
5JFOFOTPNCSFSPZUBMMPZTVICJUBUOBUVSBMTPOMBDBNQJBZMPTCPTRVFT-B
NBZPSQBSUFEFFTUPTPSHBOJTNPTTJNQMFNFOUFOPTPODPNFTUJCMFTQFSPIBZFTQFDJFTJNQPSUBOUFTRVF
QVFEFOTFSDPOTVNJEBT&MONFSPEFFTQFDJFTWFOFOPTBTFTNVZSFEVDJEPNJFOUSBTMBTMFUBMFTTPOVO
NOJNPQPSDFOUBKF-PTIPOHPTDPNFTUJCMFTNTGBNJMJBSFTTPOMPTDVMUJWBEPT MPTDVBMFTTFWFOEFOFO
MPTTVQFSNFSDBEPT GSFTDPTPFODPOTFSWB
-PT NBDSPNJDFUPT UJFOFO NVDIBT GPSNBT Z BTQFDUPT EJGFSFOUFT -PT CPMFUPT DPNFTUJCMFT UJFOFO
QPSPTFOWF[EFMBNJOJMMBTFOMBQBSUFJOGFSJPSEFMTPNCSFSPMBTUSVGBTDSFDFOEFCBKPEFMBUJFSSBZOP
UJFOFOUBMMPOJTPNCSFSP *MVTUSBDJO
&MIVJUMBDPDIFFTVOQMBUJMMPNFKJDBOPQSPEVDJEPDVBOEPMBT
NB[PSDBTEFNB[FTUOJOGFDUBEBTQPSIPOHPTTUPT MHJDBNFOUFOPTPOiTFUBTu
4FBDPTUVNCSBEJTUJOHVJSFMPSJHFOEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTZFMIFDIPEFRVFJODMVZFO
VOB HSBO WBSJFEBE EF GPSNBT FOUSF MBT DVBMFT UFOFNPT MPT RVF JOGFDUBO MBT NB[PSDBT EF NB[ MPT
HBTUFSPNZDFUFT MPTCPMFUPT MPTHSVQPTEFIPOHPTZ QPSTVQVFTUP MBTiTFUBTu.VDIBTQVCMJDBDJPOFT
QFK.BZFUBM B
TFSFGJFSFOBMPTIPOHPTTJMWFTUSFT EFGJOJOEPMPTBNQMJBNFOUFQBSBJODMVJSMBT
EJGFSFOUFTGPSNBTZBTQFDUPT
&T JOUFSFTBOUF DPNQBSBS FTUPT USNJOPT VUJMJ[BEPT FO PUSPT JEJPNBT &O JUBMJBOP MPT IPOHPT
TJMWFTUSFT TPO MMBNBEPT GVOHIJ DPNNFTUJCJMJ IPOHPT DPNFTUJCMFT
Z OP FYJTUF VOB QBMBCSB RVF
DPSSFTQPOEBBMBUSBEVDDJOEFiTFUBu&OJOHMTTFVTBiXJMEFEJCMFGVOHVTu QMGVOHJ QSPOVODJBEP
HFOFSBMNFOUFDPOVOBiHuGVFSUF
i.VTISPPNTuUJFOFVOTJHOJGJDBEPTJNJMBSBiTFUBTuQFSPOPJOEJDB
RVFFTUBFTQFDJFQBSUJDVMBSEFIPOHPTTFBDPNFTUJCMF&OFMEJBMFDUP$IFXBEF.BMBXJ CPXBEFTDSJCF
VOIPOHPDPNFTUJCMF VOBUFSNJOPMPHBRVFUJFOF FOQSDUJDB FMNJTNPTJHOJGJDBEPEFiIPOHPTJMWFTUSF
DPNFTUJCMFu
-PT )4$ MF BHSFHBO TBCPS B MPT BMJNFOUPT CTJDPT JOTQJEPT QFSP TPO UBNCJO VO
BMJNFOUP OVUSJUJWP -PT OPNCSFT MPDBMFT EF MPT IPOHPT 5FSNJUPNZDFT *MVTUSBDJO

SFGMFKBO MBT DSFFODJBT MPDBMFT EF RVF TUPT TPO VO TVTUJUVUP FGFDUJWP EF MB DBSOF VOB
DSFFODJB DPOGJSNBEB QPS MPT BOMJTJT OVUSJDJPOBMFT /P UPEPT MPT IPOHPT TJMWFTUSFT
DPOUJFOFOFTUBHSBODBOUJEBEEFQSPUFOBTQFSPTVWBMPSOVUSJUJWPQVFEFTFSDPNQBSBEP
DPOFMEFNVDIBTFTQFDJFTWFHFUBMFT
"EFNTEFQSPQPSDJPOBSVODPNQMFNFOUPTVTUBODJBMBMBTEJFUBTEFMBTQPCMBDJPOFT
QPCSFT EF MPT QBTFT FO EFTBSSPMMP TPO VOB GVFOUF JNQPSUBOUF EF JOHSFTPT -PT )4$
TFWFOEFOFONVDIPTNFSDBEPTMPDBMFTZTVSFDPMFDDJODPNFSDJBMIBQSPQPSDJPOBEP
OVFWBTGVFOUFTEFJOHSFTPTFDPONJDPTQBSBNVDIBTQPCMBDJPOFTSVSBMFT-BTEFNBOEBT
EFIPOHPTTJMWFTUSFTTFMFDDJPOBEPTQPSQBSUFEF&VSPQBZ+BQOTJHVFOSFQSFTFOUBOEP
HSBOEFT JOHSFTPT FDPONJDPT QBSB QBTFT DPNP #IVUO MB 3FQCMJDB 1PQVMBS
%FNPDSUJDBEF$PSFBZ1BLJTUO
-PTIPOHPTTJMWFTUSFTUJFOFOUBNCJOQSPQJFEBEFTNFEJDJOBMFT BMHVOBTEFMBTDVBMFT
TF FODVFOUSBO FO MBT FTQFDJFT DPNFTUJCMFT $VBESP
-PT IPOHPT TJMWFTUSFT UJMFT
)46
QPSMPUBOUP DPOUSJCVZFOBMBEJFUB BMPTJOHSFTPTFDPONJDPTZBMBTBMVEEF
MBHFOUF.VDIBTFTQFDJFTUJFOFOUBNCJOVOQBQFMFDPMHJDPGVOEBNFOUBMBUSBWTEF
MBSFMBDJOTJNCJUJDB NJDPSSJ[B
RVFGPSNBODPOMPTSCPMFT-BTUSVGBTZPUSPT)4$
JNQPSUBOUFTEFQFOEFOEFMPTSCPMFTQBSBTVDSFDJNJFOUPZOPQVFEFOTFSDVMUJWBEPT
BSUJGJDJBMNFOUF -BT NJDPSSJ[BT QFSNJUFO RVF MPT SCPMFT DSF[DBO FO UFSSFOPT QPCSFT
FO TVTUBODJBT OVUSJUJWBT -PT CPTRVFT EF NJPNCP EF GSJDB DFOUSBM Z NFSJEJPOBM OP
FYJTUJSBOTJOMBBZVEBEFMPTIPOHPT
-B JNQPSUBODJB EF MPT )4$ TJHVF DSFDJFOEP QPS NVDIBT SB[POFT GVOEBNFOUBMFT
-B QSPIJCJDJO EF MB UBMB FO NVDIPT QBTFT IB SFOPWBEP FM JOUFST QPS MPT 1'/.
DPNPVOBGVFOUFBMUFSOBUJWBEFJOHSFTPTZEFUSBCBKPQBSBMBHFOUFRVFBOUFSJPSNFOUF
USBCBKBCBFOMBTJMWJDVMUVSB-PT)4$IBOUFOJEPVOQBQFMQSFQPOEFSBOUFFOMBDSFBDJO
EFOVFWBTGVFOUFTEFJOHSFTPTFO$IJOBZ&TUBEPT6OJEPT1BSBNTJOGPSNBDJOWFB
MPT$BQUVMPTZ
&OTOUFTJT MPT)4$TPOJNQPSUBOUFTQPSUSFTSB[POFTQSJODJQBMFT
x 4POGVFOUFTEFBMJNFOUBDJO NTMPTCFOFGJDJPTBMBTBMVE

x 4POGVFOUFTEFJOHSFTPT
x .BOUJFOFOMBTBMVEEFMPTCPTRVFT
53"%*$*0/&4&)*4503*"%&-640
-BFUOPNJDPMPHBFTFMFTUVEJPEFMBHFOUFZEFMPTIPOHPTZFTVOBNBUFSJBEFJOUFST
BDBENJDPSFDJFOUF4VTPSHFOFTTFSFNPOUBOBVOBEFMBTQVCMJDBDJPOFTNTGBNPTBT
UJUVMBEB.VTISPPNT 3VTTJBBOEIJTUPSZ 8BTTPOZ8BTTPO
&TUBPCSB QVCMJDBEB
EF GPSNB QSJWBEB FT SJRVTJNB FO JOGPSNBDJO TPCSF MB DVMUVSB Z MB IJTUPSJB EF MPT
IPOHPTTJMWFTUSFT4JCJFOMBFUOPNJDPMPHBFNQF[DPOVODMBSPJOUFSTQPSMPT)4$ FO
TVEFTBSSPMMPTVCTJHVJFOUFIBEFNPTUSBEPVOGVFSUFJOUFSTQPSMPTIPOHPTBMVDJOHFOPT
ZQPSTVJNQPSUBODJBDVMUVSBM 4DIVMUFT 8BTTPO
"VORVFTUBTJHVFTJFOEP
VOB NBUFSJB EF JOUFST DPNQSFOTJCMF MPT SFGMFDUPSFT IBO WVFMUP B BMVNCSBS IBDJB MPT
)4$ %VSBOUF MPT MUJNPT WFJOUFUSFJOUB BPT MPT JOWFTUJHBEPSFT IBO JODSFNFOUBEP
TVTUBODJBMNFOUF OVFTUSP DPOPDJNJFOUP TPCSF MBT USBEJDJPOFT MPDBMFT EF GSJDB "TJB Z
.FTPBNSJDB .YJDPZ(VBUFNBMB

6OB QSJNFSB EJTUJODJO BCPSEB MPT DPODFQUPT EF NJDPGJMJB Z NJDPGPCJB &O MBT
TPDJFEBEFT P DVMUVSBT NJDPGMJDBT MPT IPOHPT TPO NVZ BQSFDJBEPT Z FYJTUF VOB GVFSUF
USBEJDJO EF VTP QPQVMBS -BT DVMUVSBT NJDPGCJDBT UJFOFO VOB FTUJNB NFOPS QPS MPT
IPOHPTZHFOFSBMNFOUFMPTWFODPODJFSUPSFDFMP 8BTTPOZ8BTTPO
&MSFHJTUSP
DPMPOJBMCSJUOJDPFOGSJDBDPOUJFOFQPDBJOGPSNBDJOBDFSDBEFMVTPMPDBMEFMPT)4$
BQFTBSEFRVFMBQPCMBDJOFOUPEBGSJDBNFSJEJPOBMMPTIBDPOTVNJEPEVSBOUFTJHMPT
.PSSJT 1JFBSDF

-BIJTUPSJBEFMVTPEFMPT)4$IBTJEPCJFOEPDVNFOUBEBFO$IJOB BVORVFNVDIB
EFFTUBJOGPSNBDJOFTUUPEBWBFODIJOP *MVTUSBDJO
$IJOBFTVOFKFNQMPEFQBT
NJDPGMJDPNJFOUSBTFM3FJOP6OJEPFTDMBTJGJDBEPHFOFSBMNFOUFDPNPNJDPGCJDP4JO
FNCBSHP FTUBT EJTUJODJPOFT TF FTUO WPMWJFOEP NFOPT DMBSBT Z TJ CJFO FYJTUF UPEBWB
VOBECJMUSBEJDJOEFSFDPMFDDJOFOFMOPSUFEF&VSPQBFOHFOFSBM DBEBWF[NTHFOUF
SFDPMFDUBNFOPTBMJNFOUPTEFMPTCPTRVFT TPCSFUPEPQPSSB[POFTDPNFSDJBMFT %ZLF
Z/FXUPO
SB[OQPSMBDVBMMPTJONJHSBOUFTEFQBTFTNJDPGMJDPTUBNCJOIBO
DBNCJBEPTVTBDUJUVEFT&O&TUBEPT6OJEPT QPSFKFNQMP IBZVOHSVQPFOFYQBOTJO
EF HFOUF RVF SFDPMFDUB )4$ -BT USBEJDJPOFT DBNCJBO EF QBT FO QBT MBT SFHJPOFT
DFOUSBMFT Z NFSJEJPOBMFT EF *UBMJB TPO GVFSUFNFOUF NJDPGMJDBT QFSP MB USBEJDJO EF
SFDPMFDDJO Z DPOTVNP EF )4$ FT NFOPT NBSDBEB FO FM TVS EFM QBT $BUBMVB UJFOF
NBZPS JOUFST FO MPT )4$ DPNQBSBEB DPO MBT EFNT SFHJPOFT FTQBPMBT 5SBEJDJPOFT
WBSJBCMFTFYJTUFOUBNCJOFOMB3FQCMJDB6OJEBEF5BO[BOJB )SLOFO 4BBSJNLJZ
.XBTVNCJ

'JOMBOEJB SFQSFTFOUB VO QVOUP EF FODVFOUSP EF USBEJDJPOFT NVZ JOUFSFTBOUFT MB
JOGMVFODJBIJTUSJDBEFMBDVMUVSBTVFDBIJ[PNVZQPDPQBSBQSPNPWFSFMJOUFSTMPDBMBM
PFTUFEFMQBTQFSP BMFTUF MBQPCMBDJOEF,BSFMJBRVFMMFHEFTEFMB'FEFSBDJOEF3VTJB
QBSBFTUBCMFDFSTFMMFWUSBEJDJPOFTNTGVFSUFTEFBGJDJOBMPT)4$ )SLOFO
-PT
SVTPTTPOGBNPTPTQPSTVBGJDJOHFOFSBM QFSPOPVOJWFSTBM
QPSMPTIPOHPTZ EVSBOUF
MPTGJOFTEFTFNBOB TFNVFWFOFOHSBOEFTDBOUJEBEFTIBDJBMPTCPTRVFTFOCVTDBTEF
FTUFBQSFDJBEPBMJNFOUP 'JMJQPW
-PTFTUPOJBOPTUJFOFOVOEJDIPRVFEFTDSJCF
FTUB QBTJO SVTB iEPOEF OBDF VO IPOHP IBZ VO SVTP FTQFSOEPMPu &O MB ,BSFMJB
GJOMBOEFTBTFBDPTUVNCSBCBEFDJSiHSJUBOEPDPNPSVTPTFO<VO>CPTRVFEFIPOHPTu

*OGPSNBDJOQSPQPSDJPOBEBQPS.BSJB)SLOFO
3&$6"%30
1FSTQFDUJWBTEFVOQBTFOEFTBSSPMMP
-BNBZPSQBSUFEFMBJOGPSNBDJOCJPMHJDBZFDPMHJDBTPCSFMPTNBDSPNJDFUPTDPNFTUJCMFTTFCBTB
FOMBTJOWFTUJHBDJPOFTFGFDUVBEBTFOMPTQBTFTEFTBSSPMMBEPT-BMJUFSBUVSBTFPSJFOUBGVOEBNFOUBMNFOUF
IBDJBMBQFSDFQDJOEFMWBMPSZEFMBVUJMJEBEEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTFOFMi/PSUFuEFM
NVOEP"RVTFIBDFFOPSNFIJODBQJFOMBTFTQFDJFTBQFUFDJCMFT UBMFTDPNPMBTUSVGBT TQ5VCFS

MPTSFCP[VFMPT TQQ$BOUIBSFMMVT
ZMPTEJGFSFOUFTCPMFUPT FOUSFMPTDVBMFTFM#PMFUVTFEVMJTFTFMNT
DPOPDJEP
4FDPOPDFQPDPBOEFTEFFMQVOUPEFWJTUBCJPMHJDP TPDJBMPFDPONJDP QPSFKFNQMP
TPCSFMBTNVDIBTFTQFDJFTEF-BDUBSJVTP3VTTVMBTRVFTFDPOTVNFOFOGSJDB
-PT CFOFGJDJPT FDPONJDPT QSPEVDJEPT QPS MPT )4$ TPO VOB GVFOUF JNQPSUBOUF EF JOHSFTPT
FDPONJDPT QBSB MBT DPNVOJEBEFT SVSBMFT FTQFDJBMNFOUF FO MPT QBTFT FO EFTBSSPMMP &O GSJDB
$FOUSBM Z EFM 4VS MPT )4$ TPO VOB GVFOUF JNQPSUBOUF EF OVUSJDJO BM JHVBM RVF FO BMHVOBT SFBT
SVSBMFTEF$IJOB *OEJBZ.YJDP&O&VSPQB MPT)4$TPOVOBFTQFDJBMJEBEBMJNFOUJDJB VOBSUDVMP
QBSBHBTUSOPNPT QBSBTBCPSFBSDPOQPDBGSFDVFODJBmTPCSFUPEPQPSMPTBMUPTQSFDJPTEFNBOEBEPTm
TUPT TF QVFEFO DPOWFSUJS FO CVFOPT JOHSFTPT FDPONJDPT QBSB MPT NFOPT BEJOFSBEPT EF MBT [POBT
SVSBMFTEF&TQBBF*UBMJB1FSPMBJNQPSUBODJBGVOEBNFOUBMEFMPT)4$QBSBUBMFTTPDJFEBEFT ZQBSB
FMQPUFODJBMEFDSFDJNJFOUPEFTVTJOHSFTPTFDPONJDPT FTQPDBDPNQBSBEBDPOMPTVTPTMPDBMFTZDPO
MPTNFSDBEPTFOMPTQBTFTFOEFTBSSPMMP
&TUB QVCMJDBDJO TF DPODFOUSB FO MB BERVJTJDJO EF NFKPSFT DPOPDJNJFOUPT TPCSF MPT )4$ FO
MPT QBTFT FO EFTBSSPMMP TJO EFKBS B VO MBEP MBT JOWFTUJHBDJPOFT F JOGPSNBDJPOFT QVCMJDBEBT QPS FM
/PSUF-BTFYQFSJFODJBTFOFM1BDGJDPOPSPFTUFEF/PSUFBNSJDBIBOTJEPBNQMJBNFOUFDJUBEBTDPNP
DPOTFDVFODJBEFVOBHSBOFYQBOTJOEFMBTBDUJWJEBEFTRVFUJFOFORVFWFSDPOMPT1'/. BMEJTNJOVJS
MBTJOEVTUSJBTGPSFTUBMFTUSBEJDJPOBMFTZBMFODPOUSBS MBTDPNVOJEBEFTSVSBMFT FTUBTOVFWBTGVFOUFTEF
CFOFGJDJP FDPONJDP 'JOMBOEJB IB QSPNPWJEP BNQMJBNFOUF VO VTP NT FYUFOTJWP EF MPT )4$ BM JS
FNFSHJFOEPEFMBTEJGJDVMUBEFTFDPONJDBT ZNJFOUSBTMBTEFNBOEBTEFNBUTVUBLFT TQQ5SJDIPMPNB

QPSQBSUFEF+BQOIBOJEPBERVJSJFOEPNBZPSJNQPSUBODJBQBSBMPTQBTFTFOEFTBSSPMMPUBMFTDPNP
$IJOB MB3FQCMJDB1PQVMBS%FNPDSUJDBEF$PSFBFJODMVTP#IVUO
&TUPTFKFNQMPTPGSFDFOBNQMJBTBQSFDJBDJPOFTTPCSFMBDBOUJEBEEFBTQFDUPTEJGFSFOUFTEFMPT)4$
EFTEF MB HFTUJO EF MPT SFDVSTPT OBUVSBMFT IBTUB MBT QSDUJDBT EF SFDPMFDDJO 4JO FNCBSHP OP FT FM
PCKFUJWPEFFTUBQVCMJDBDJOIBDFSVOSFTVNFOFYIBVTUJWPTPCSFFMVTPEFMPT)4$FOFM4VSZFOFM
/PSUF/PRVFSFNPTEFDJS DPOFTUP RVFMBTSFDPMFDDJPOFTEFUSVGBTFO*UBMJBP'SBODJB PEFOTDBMPT
-BDUBSJVTEFMJDJPTVT
FO&TQBBOPUJFOFOJNQPSUBODJBFDPONJDBQBSBTVTQPCMBDJPOFT EF3PNO
DPNVOJDBDJOQFSTPOBM5SBEFJOOTDBMPTGSPN/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO
TJOP
RVFTPONFOPTJNQPSUBOUFTDPNPGVFOUFTEFJOHSFTPTDPNQBSBEBTDPOMBTNJTNBTFONVDIPTQBTFT
FOEFTBSSPMMP
-BUSBEJDJONJDPGMJDBMBUJOPBNFSJDBOBTFSFTUSJOHFDBTJFYDMVTJWBNFOUFB.YJDP WBTF
SFTFBEF7JMMBSSFBMZ1SF[.PSFOP
BMB[POBTVSEF(VBUFNBMBZCSFWFNFOUFFO
)POEVSBT )PVTF DPNVOJDBDJOQFSTPOBM8JMEFEJCMFGVOHJJO)POEVSBT
EPOEF
TF JOUFSSVNQF CSVTDBNFOUF B QFTBS EF MB BNQMJB TFDVFODJB EF CPTRVFT DPOGFSPT Z EF
PUSPT SCPMFT DPO IPOHPT NJDPSS[JDPT DPNFTUJCMFT )BZ QPDB FWJEFODJB EF MBT GVFSUFT
USBEJDJPOFTTVEBNFSJDBOBTBVORVFMPTFTUVEJPTEFMBTQPCMBDJPOFTBVUDUPOBTBNB[POBT
1SBODF
SFWFMBOFMDPOTVNPZVTPSFHVMBSFTEF)4$ UPEPTFMMPTTBQSGJUPT
6O
FTUVEJPQPDPDPOPDJEPEF1BQVB /VFWB(VJOFB 4JMMJUPF
SFWFMBVOBJOGPSNBDJO
BCVOEBOUFTPCSF)4$EFMDVBMTFEFEVDFVOVTPNTBNQMJPFOPUSPTQBTFT
-BTQPCMBDJPOFTMPDBMFTSFDIB[BOBMHVOBTFTQFDJFTEFIPOHPTDPNFTUJCMFTMPT#PMFUVT
HFOFSBMNFOUFOPTFDPOTVNFOFOQBSUFTEFMB3FQCMJDB6OJEBEF5BO[BOJB )SLOFO

6ODVSBJUBMJBOPRVFWJWFFO(VBUFNBMBOPURVFMBQPCMBDJOMPDBMJHOPSBCBMPT
#PMFUVTFEVMJT BQFTBSEFRVFFOHFOFSBMHVTUBCBOEF)4$&TUJNVMBEPTQPSM UVWJFSPO
MB QPTJCJMJEBE EF QSPCBS VOB FTQFDJF RVF BOUFSJPSNFOUF JHOPSBCBO 'MPSFT
DPNVOJDBDJOQFSTPOBM)POHPTTJMWFTUSFTDPNFTUJCMFTFO(VBUFNBMB
4JOFNCBSHP B
QFTBSEFMBHSBOQPQVMBSJEBEFO$IJOBEFMiGBMPIFEJPOEPu 1IBMMVTJNQVEJDVT
OPFTU
TVGJDJFOUFNFOUFDMBSPRVFMPTFVSPQFPTMPDPOTVNJFSBO *MVTUSBDJO
PUSBTDVMUVSBT
FO DBNCJP TPO UFNFSPTBT QPS JOTUJOUP EF MBT FTQFDJFT "NBOJUBT BMHVOBT EF TBCPS
FYRVJTJUP PUSBT WFOFOPTBT *MVTUSBDJO

0#+&5*704:&4536$563"%&&45"16#-*$"$*/
&TUBQVCMJDBDJOPGSFDFJOGPSNBDJOTPCSFMBJNQPSUBODJBEFMPT)4$QBSBMBQPCMBDJO
*ODMVZFEFUBMMFTEFFTQFDJFTSFDPMFDUBEBTZWFOEJEBT IBDJFOEPOGBTJTQBSUJDVMBSNFOUF
FOMPTBTQFDUPTTPDJBMFTZFDPONJDPTQBSBJMVTUSBSMBGPSNBFORVFMPT)4$QPESBO
DPOUSJCVJSFOMPTNFEJPTEFWJEBSVSBMFT)BZVOBBNQMJBJOGPSNBDJOTPCSFMBCJPMPHB
Z DBSBDUFSTUJDBT HFOFSBMFT EF MPT NBDSPNJDFUPT NBDSPIPOHPT V IPOHPT TVQFSJPSFT

QFSPTMPTFEFCBUFEFUBMMBEBNFOUFDVBOEPTPOJNQPSUBOUFTUBOUPQBSBMBHFOUFDPNP
QBSBFMVTPEFSFDVSTPTOBUVSBMFT
6O PCKFUJWP NT BNCJDJPTP EF FTUB QVCMJDBDJO FT FM EF JODSFNFOUBS MPT
DPOPDJNJFOUPTTPCSFMPT)4$ZIBDFSOGBTJTFOMBSFMBDJOFDPMHJDBFOUSFMBTFTQFDJFT
QSJODJQBMFT EF )4$ Z MPT CPTRVFT 1SPQPOFNPT TVHFSFODJBT TPCSF MB HFTUJO EF MPT
)4$EFGPSNBTPTUFOJCMF UPNBOEPFODVFOUBFMTJOONFSPEFVTPTEFMPTCPTRVFTZ
MPTEFNTVTVBSJPTEFCPTRVFT
&O NVDIPT EF MPT EFCBUFT IBDFNPT IJODBQJ FO MPT QBTFT FO EFTBSSPMMP FM i4VSu
EFM NVOEP
QBSUJDVMBSNFOUF FO FM JOUFOUP EF NFKPSBS MPT CFOFGJDJPT EF MPT )4$ Z
TV QSPEVDDJO TPTUFOJCMF 5BNCJO QSPQPOFNPT JOGPSNBDJO EF FTUVEJPT EF DBTP Z
FYQFSJFODJBTDPO)4$FOMPTQBTFTEFTBSSPMMBEPT-BTSB[POFTEFOVFTUSPBOMJTJTEFMPT
QBTFTFOEFTBSSPMMPTFFYQMJDBONTEFUBMMBEBNFOUFFOFM3FDVBESP
&TUBPCSBTFEJWJEFFODJODPDBQUVMPTFJODMVZFVOBTFSJFNVZEFUBMMBEBEFDVBESPTZ
BOFYPT&MMFDUPSFTDPOEVDJEPIBDJBMBTGVFOUFTQSJNBSJBTZPUSBTGVFOUFTEFJOGPSNBDJO
DPOTDJFOUFT EF RVF MBT DPNVOJDBDJPOFT QFSTPOBMFT DPO MPT BVUPSFT IBO TJEP VO NFEJP
JNQPSUBOUF QBSB BQSFOEFS NT TPCSF MPT )4$ (FOFSBMNFOUF FT EJGDJM BERVJSJS
QVCMJDBDJPOFTPSJHJOBMFTZGVFOUFTHFOFSBMFTUBMFTDPNPMBTSFWJTUBTEFFYDFMFOUFMJUFSBUVSB
EF3BNNFMPPZ8BMMFZO
Z8BMMFZOZ3BNNFMPP
RVFTFSFDPNJFOEBOQBSB
GSJDB TVCTBIBSJBOB &T OFDFTBSJP QPOFS FO NBSDIB QVCMJDBDJPOFT BOMPHBT QBSB PUSBT
SFHJPOFT EFM NVOEP JODSFNFOUBOEP MB DPODJFODJB EF VOB BNQMJUVE FYUSBPSEJOBSJB EF
JOGPSNBDJOQVCMJDBEBZFTUJNVMBOEPFMJOUFSTFOOVFWBTMOFBTEFJOWFTUJHBDJO
&OFM$BQUVMPTFEFTDSJCFOCSFWFNFOUFMBTDBSBDUFSTUJDBTEFMPT)4$ JODMVZFOEP
BTQFDUPT DMBWFT EF CJPMPHB FDPMPHB DPNFTUJCJMJEBE Z DVMUJWBDJO 4F IBDF OGBTJT
FO MB JOGPSNBDJO HFOFSBM Z TF QSFTFOUBO BMHVOPT EFUBMMFT UDOJDPT -PT HOFSPT NT
JNQPSUBOUFT TF EFTDSJCFO FO MPT SFDVBESPT &M OPNCSF DJFOUGJDP FO MBUO
TF VUJMJ[B
FO UPEP FM MJCSP ZB RVF FYJTUFO QPRVTJNPT OPNCSFT WVMHBSFT EF )4$ RVF QVFEBO
TFSDPNQSFOTJCMFTFOMPTJEJPNBTEFWBSJPTQBTFT&OUSFMBTFYDFQDJPOFTUFOFNPTMPT
NBUTVUBLFT 5SJDIPMPNB NBUTVUBLF 5 NBHOJWFMBSF Z PUSBT FTQFDJFT
MPT SFCP[VFMPT
TQQ$BOUIBSFMMVT
ZMPTCPMFUPTDPNFTUJCMFT #PMFUVTFEVMJT

&OFM$BQUVMPBCPSEBSFNPTMPTBTQFDUPTEFMBPSEFOBDJO JODMVZFOEPVOSFTVNFO
TPCSFMPTSFDPMFDUPSFTZMBTSFMBDJPOFTFOUSFMBDVMUJWBDJOZMBHFTUJOEFMPTCPTRVFT
&TUBTFDDJOFYBNJOBBMHVOPTEFMPTUFNBTNTJNQPSUBOUFTTPCSFMPTNMUJQMFTVTPTEF
MPTCPTRVFT QSPEVDUJWJEBEEFMPT)4$ZBDDFTPBMPTTJUJPTEFSFDPMFDDJO
&M EFCBUF JOJDJBEP FO FM DBQUVMP QSFDFEFOUF DPOUJOB FO FM $BQUVMP QPOJFOEP
NBZPSBUFODJOFOMBQPCMBDJO FOFMDPNFSDJPEFMPT)4$ ZFOTVJNQPSUBODJBQBSBMB
EJFUBZOVUSJDJO-PTEBUPTTPCSFFMDPNFSDJP NFSDBEFPZDPNFSDJBMJ[BDJOTFFYQMPSBO
DPOVOBTFDDJOGJOBMRVFSFTVNFCSFWFNFOUFFMVTPEFMPT)4$QPSSFHJOZQBT
&OFMDBQUVMPGJOBM $BQUVMP
TFIBDFVOSFDPSSJEPEFTEFFMQSFTFOUFIBDJBFMGVUVSP
FYBNJOBOEPQPTJCJMJEBEFTEFJOJDJBUJWBTGVUVSBTDPOOGBTJTFOMPTQBTPTQSDUJDPTRVF
QPESBOTFSEBEPTQBSBJODSFNFOUBSMPTCFOFGJDJPTBGBWPSEFMBTQPCMBDJPOFTSVSBMFT QPS
NFEJPEFVOBQSPEVDDJOTPTUFOJCMFEF)4$ZEFVOBPSEFOBDJOGPSFTUBMDPNQFUFOUF
$6"%30
%JTDJQMJOBTZSFBTEFBDUJWJEBERVFDPOUJFOFOJOGPSNBDJOTPCSFMPT)46
%*4$*1-*/"0
/05"4
."5&3*"
#JPMPHBEF
DBNQPFIJTUPSJB
OBUVSBM
-BTHVBTEFDBNQPDPOUJFOFOEFTDSJQDJPOFTEFFTQFDJFTZTFVUJMJ[BOMBTGPUPHSBGBTGSFDVFOUFNFOUF
QBSBGJOFTEFJEFOUJGJDBDJO-BNBZPSQBSUFEFMBTHVBTFTQVCMJDBEBFOFM/PSUFZQPSFTPUJFOFOVO
VTPMJNJUBEPFOMPTQBTFTFOEFTBSSPMMP"MHVOBTHVBTBCBSDBOFTQFDJBMNFOUFMPTIPOHPTDPNFTUJCMFT
-BTQVCMJDBDJPOFTTPCSFIJTUPSJBOBUVSBMIBOQSPQPSDJPOBEPJOGPSNBDJOTPCSFFMVTPEFMPT)4$QPS
QBSUFEFMBHFOUF BVORVFFTUFHSVQPHFOFSBMNFOUFFTJHOPSBEPPUSBUBEPEFGPSNBGVHB[
$VMUJWBDJOEF
IPOHPT
)BZVOBBNQMJBMJUFSBUVSBTPCSFMPTIPOHPTDVMUJWBEPT4FEBODPOGFSFODJBTSFHVMBSNFOUFDPOVO
GVFSUFBQPZPDPNFSDJBM)BIBCJEPSFDJFOUFJOUFST QFK.TIJHFOJZ$IBOH
FOMBJOUSPEVDDJO
EFVOJEBEFTEFQSPEVDDJOFOQFRVFBFTDBMBFOMPTQBTFTFOEFTBSSPMMPZFOVOBQFRVFBQFSP
DSFDJFOUFMJUFSBUVSBTPCSFMBHFTUJOEFMBTSFBTOBUVSBMFTQBSBMBQSPEVDDJOEFNBUTVUBLFTZUSVGBT
'ESBUJPO'SBOBJTFEFT5SVGGJDVMUFVST

&UOPNJDPMPHB
-BFUOPNJDPMPHBFTVOSFBEFJOWFTUJHBDJOSFMBUJWBNFOUFOVFWB&OUSFTVTNBUFSJBTTFJODMVZFOMPT
VTPTDVMUVSBMFT DFSFNPOJBMFTZNFEJDJOBMFTEFMPTIPOHPTQPSQBSUFEFMBHFOUF-BFUOPNJDPMPHBTF
DPODFOUSBCBPSJHJOBSJBNFOUFFOFMFTUVEJPEFMPTIPOHPTBMVDJOHFOPTZFOTVJNQPSUBODJBDVMUVSBMZ
MFEFEJDBCBQPDBBUFODJOBMPTVTPTEFMPT)4$QPSQBSUFEFMBHFOUF
.FSDBEPTZ
DPNFSDJP
-PTEBUPTTPCSFFMWPMVNFOZFMWBMPSEFMPT)4$SFDPMFDUBEPTTPOFTDBTPT JSSFHVMBSFTZHFOFSBMNFOUF
QPDPGJEFEJHOPT-PTDMDVMPTHMPCBMFTEFDPNFSDJPQVFEFOBERVJSJSVOBGBMTBDSFEJCJMJEBEBMSFQPSUBS
MBTSFGFSFODJBT"VORVFTFSFDPNJFOEBDVJEBEP DVBOEPTFSFWJTBOMPTEBUPTEFNFSDBEPTFPCTFSWB
VOBNBZPSEPDVNFOUBDJOFOMPTMUJNPTBPT
.JDPMPHB
JODMVZFOEP
NJDPSSJ[BT
&MFTUVEJPEFMPTIPOHPT NJDPMPHB
JODMVZFMBCJPMPHBNPMFDVMBS CJPRVNJDBZNBUFSJBTNVDIP
NTUSBEJDJPOBMFTUBMFTDPNPMBFDPMPHBZMBUBYPOPNB-BJOGPSNBDJOQVCMJDBEBHFOFSBMNFOUF
DPOUJFOFQPDPTEFUBMMFTTPCSFFMVTPEFMPTIPOHPTQPSQBSUFEFMBQPCMBDJO QBSUJDVMBSNFOUFTPCSF
MPTBTQFDUPTTPDJBMFTZFDPONJDPT-PTFTUVEJPTNJDPSS[JDPTUJFOFOVOJOUFSTDPNCJOBEPFOUSF
MPTIPOHPTZQMBOUBT&MFTUVEJPEFMPTIPOHPTFDUPNJDPSS[JDPTDPNFTUJCMFTTMPSFDJFOUFNFOUFIB
TVSHJEPDPNPTVCEJTDJQMJOBEFVOSFBEFFTUVEJPTNTBNQMJB
/VUSJDJO
TBMVEIVNBOB
ZTFHVSJEBE
BMJNFOUBSJB
-BMJUFSBUVSBTPCSFOVUSJDJOFTTPSQSFOEFOUFNFOUFWBTUBBQFTBSEFRVFMPTFOGPRVFTBOBMUJDPT
WBSBOZMBDPNQBSBDJOEFSFTVMUBEPTFTEJGDJM.VDIPTBOMJTJTTFIBODPODFOUSBEPFOMBTFTQFDJFT
DVMUJWBEBTDPOTMPQPDPT)4$JODMVJEPT)BIBCJEPVOBHSBOFYQBOTJOEFJOWFTUJHBDJODJFOUGJDB
TPCSFMPTIPOHPTDVMUJWBEPT NFEJDJOBMFTZMPTVTBEPTDPNPTVQMFNFOUPTEJFUUJDPTZiOVUSJDFVUJDBMTw
QFSPFTUPFTEFJNQPSUBODJBMJNJUBEBFOMBTJOJDJBUJWBTQBSBFMEFTBSSPMMP)BZQPDPTFTUVEJPTRVF
IBODPOTJEFSBEPMPT)4$FOFMDPOUFYUPEFMBTFHVSJEBEBMJNFOUBSJB BVORVFFTUFBSHVNFOUPNFSFDF
NBZPSBUFODJO
1SPEVDUPT
GPSFTUBMFT
NBEFSFSPTZOP
NBEFSFSPT
-PT)4$BQBSFDFOSFHVMBSNFOUFFOMPTFTUVEJPTTPCSFMPT1'/.QFSPHFOFSBMNFOUFOPTFNFODJPOBO
MBTFTQFDJFTJOEJWJEVBMFT BVORVFZBIBZBOTJEPJEFOUJGJDBEBT
)BDSFDJEPVOJOUFSTFTQFDGJDPZ
EFUBMMBEPDPNPSFTVMUBEPEFMBTBDUJWJEBEFTEFM1BDGJDPOPSPFTUFEF&TUBEPT6OJEPTZ$BOBEZPUSPT
MVHBSFT-PTFTUVEJPTHFOFSBMFTTPCSFMPT1'/.TPOTJFNQSFVOBEFDFQDJPOBOUFGVFOUFEFJOGPSNBDJO
TPCSFMPT)4$
&TUBQVCMJDBDJOEFTDSJCFMPTMNJUFTZBDPOPDJEPTFOFMVTPTPTUFOJCMFEFMPT)4$6O
SFTQPOTBCMFEFPSEFOBDJOGPSFTUBMEFMBSFHJOPDDJEFOUBMEFMB$IJOBTFEFTFTQFSBCB
JOEVDJFOEPBMPTSFDPMFDUPSFTBBEPQUBSQSDUJDBTEFSFDPMFDDJONFOPTEFTUSVDUJWBTQBSB
VOIPOHPFYRVJTJUPDPOPDJEPDPNPNBUTVUBLF 8JOLMFS
5BMFTQSDUJDBTQVFEFO
TFSSFEVDJEBTZTFQVFEFOFGFDUVBSDBNCJPT QFSPTMPTJMBTBDDJPOFTFNQSFOEJEBTTF
CBTBOFOVOBTMJEBDPODFQDJOEFMPRVFMBHFOUFIBDFZEFMQPSRVMPIBDF
-"4'6&/5&4%&*/'03."$*/
)FNPT SFDPQJMBEP JOGPSNBDJO TPCSF MBT BDUJWJEBEFT EF QBTFT MB NBZPS QBSUF
EF FMMPT FO EFTBSSPMMP 3FDVBESP
-B JOGPSNBDJO QVCMJDBEB Z EJTQPOJCMF DBNCJB
FOPSNFNFOUFFOUSNJOPTEFDBOUJEBE $VBESP
EFUBMMFTZQSFDJTJOZIBSFRVFSJEP
VOFYBNFODVJEBEPTP)BZNVDIBTQVCMJDBDJPOFTTPCSFNJDPMPHB QPSFKFNQMP RVF
FOVNFSBOFTQFDJFTiDPNFTUJCMFTuQFSPOPEJDFOOBEBTPCSFTVVTPMPDBM-PTJOGPSNFT
HFOFSBMFTTPCSFMPT1'/.IBCMBOEFMPTiIPOHPTuTJOFTQFDJGJDBSTVTUJQPT
4FDPOTVMUBSPONTEFGVFOUFTEFJOGPSNBDJOEPDVNFOUPT MJCSPT BSUDVMPTEF
QFSJEJDPT DPNVOJDBDJPOFTQFSTPOBMFT TJUJPTXFC NJTDFMOFBTZPUSBT-BJOGPSNBDJO
TPCSF MPT )4$ FTU FTQBSDJEB FOUSF MBT EJGFSFOUFT EJTDJQMJOBT $VBESP
$BEB VOB EF
FTUBTEJTDJQMJOBTSFQSFTFOUBVOHSVQPEJGFSFOUFEFJOUFSFTFT QFSPUJFOFUBNCJOVOQVOUP
EFJOUFSSFMBDJO&TUBFTMBQSJNFSBWF[RVFTFSFBMJ[BVOBNQMJPSFTVNFOTPCSFMPT)4$
ZUPEBWBIBZ TJOEVEBT NVDIPRVFBQSFOEFS QBSUJDVMBSNFOUFEFMBTMJUFSBUVSBTSVTBZ
DIJOB-BJOGPSNBDJOTPCSFMPT)4$FOMB'FEFSBDJOEF3VTJBFTEJTQPOJCMFTMPHSBDJBT
B VOB USBEVDDJO IFDIB QPS 4FPOB "OEFSTPO EF VO UFYUP JNQPSUBOUTJNP 7BTJMFWB

$BSBDUFSTUJDBTCJPMPHB FDPMPHB
VTPT DVMUJWBDJO
-BNJDPMPHBFTFMFTUVEJPEFMPTIPOHPTZMPTNJDMPHPTTPOMBTQFSTPOBTRVFMMFWBO
B DBCP FTUPT FTUVEJPT -PT OVFWPT NUPEPT EF JOWFTUJHBDJO IBO JODSFNFOUBEP
TVTUBODJBMNFOUF MPT DPOPDJNJFOUPT TPCSF MB OBUVSBMF[B GVOEBNFOUBM EF MPT IPOHPT
CBTOEPTF NVDIPT EF FTUPT FTUVEJPT FO MPT IPOHPT RVF DBVTBO FOGFSNFEBEFT B
MBT QMBOUBT -BT JOWFTUJHBDJPOFT TPCSF MPT IPOHPT DPNFTUJCMFT TF IBO DPODFOUSBEP
FO VO QFRVFP HSVQP EF FTQFDJFT DVMUJWBEBT DPNFSDJBMNFOUF -PT )4$ IBO TJEP
JHOPSBEPTSFMBUJWBNFOUFQPSMBDJFODJBIBTUBUJFNQPTSFDJFOUFT BVORVFMPTNJDMPHPT
BGJDJPOBEPTEPDVNFOUBSPOBNFOVEPMBTFTQFDJFTFODPOUSBEBTFOFMDBNQPEFFTUVEJPT
QSJODJQBMNFOUFFO&VSPQBPFOQBTFTFOMPTDVBMFTTFIBOFTUBCMFDJEPMPTFVSPQFPT
4JFNQSFIBIBCJEP TJOFNCBSHP NVDIPJOUFSTQPSVOQFRVFPHSVQPEF)4$RVF
OP QVFEFO TFS DVMUJWBEPT &OUSF TUPT UFOFNPT MBT USVGBT TQ 5VCFS
MPT NBUTVUBLFT
TQ5SJDIPMPNB
MPTCPMFUPTPDQFT #PMFUVTFEVMJT
4VCJPMPHBZFDPMPHBIBOTJEP
FTUVEJBEBTEFUBMMBEBNFOUFVODBNCJPEFUFOEFODJBFWJEFOUFDPOSFGFSFODJBBMBTNVDIBT
PUSBTFTQFDJFTEF)4$VUJMJ[BEBTFOFMNVOEP
-BDPOTFDVFODJBEFFTUBTJUVBDJOFTRVFMBTFTQFDJFTTJMWFTUSFTDPNFTUJCMFTVUJMJ[BEBT
FOMPTQBTFTFOEFTBSSPMMPTPOQPDPDPOPDJEBT%JTQPOFNPTEFJOGPSNBDJOTPCSFMPT
FTUVEJPTEFGBNJMJBTDFSDBOBTFOMBTSFHJPOFTUFNQMBEBT-PTMBDUBSJPTZMBTSVTTVMBT QPS
FKFNQMP TFSFQSPEVDFOFOUPEPFMNVOEP ZFMDPOPDJNJFOUPEFMBTFTQFDJFTFVSPQFBT
QVFEFTFSBQMJDBEPBMBTFTQFDJFTBGSJDBOBTDPODJFSUBDBVUFMBZBEWFSUFODJBT&MQSPCMFNB
QSJODJQBMFTFMSFDPOPDJNJFOUPZMBBTJHOBDJOEFVOOPNCSFBMBTFTQFDJFT-PTDPODFQUPT
EFOPNCSFTHFOSJDPTZFTQFDGJDPTTFCBTBOPSJHJOBSJBNFOUFFOVONBSDPEFEJWFSTJEBE
SFEVDJEPFODPOUSBEPFOMBTSFHJPOFTUFNQMBEBTZQPESBOOFDFTJUBSVOBSFFWBMVBDJOFO
MBNFEJEBFORVFMBTFTQFDJFTUSPQJDBMFTTFWVFMWFONTDPOPDJEBT
&OFTUFDBQUVMPIBDFNPTVOBCSFWFJOUSPEVDDJOBMPTIPOHPTNTHSBOEFT FTEFDJS
MPT NBDSPNJDFUPT DPO FTQFDJBM SFGFSFODJB B MPT DPNFTUJCMFT &O DBTPT EF BMUFSOBUJWBT
NTTFODJMMBTIBTJEPFWJUBEPFMVTPEFMBUFSNJOPMPHBDJFOUGJDB-BTHVBTEFDBNQP
DPOUJFOFO HMPTBSJPT UJMFT Z IBZ VO ONFSP DSFDJFOUF EF TJUJPT XFC RVF BZVEBO B
DPNQSFOEFS MB UFSNJOPMPHB UDOJDB $BQUVMP
&M %JDDJPOBSJP EF MPT IPOHPT FT
BDUVBMJ[BEP GSFDVFOUFNFOUF DPO EFUBMMFT TPCSF UPEPT MPT HOFSPT EF IPOHPT Z PUSBT
JOGPSNBDJPOFTTPCSFMBNJDPMPHB ,JSLFUBM

{2640/-04)0/(04
-PT IPOHPT TPO VO HSVQP EJGFSFOUF EF PSHBOJTNPT NT FNQBSFOUBEPT DPO MPT
BOJNBMFTRVFDPOMBTQMBOUBT#BTOEPOPTFOVODPOPDJNJFOUPQSFDJTPEFTVFTUSVDUVSB
CJPRVNJDBZHFOUJDB DPOTUJUVJEPFTQFDJBMNFOUFFOMPTMUJNPTUSFJOUBBPT MPTIPOHPT
TFEJWJEFOBDUVBMNFOUFFOUSFTSFJOPTTFQBSBEPTZEJTUJOUPT&TFSSOFPZQPESBTFSNBM
JOUFSQSFUBEPSFGFSJSTFBMPTIPOHPTDPNPiQMBOUBTTJODMPSPGJMBu '"0 B

"QFTBSEFMBTEJGFSFODJBTGVOEBNFOUBMFT MPTIPOHPTTPODMBTJGJDBEPTHFOFSBMNFOUF
DPNPQMBOUBT-BDPNQSFOTJOEFMTUBUVTUBYPONJDPEFMPTIPOHPTUJFOFBQBSFOUFNFOUF
QPDBJNQPSUBODJBQBSBMBHFOUFRVFSFDPMFDUBZWFOEFMPT)4$ QFSPFTEFJNQPSUBODJB
DSVDJBM QBSB FM FTUBCMFDJNJFOUP EF VO TJTUFNB EF DMBTJGJDBDJO TFHVSP Z FGJDB[ &TUP
HBSBOUJ[B RVF DVBOEP EPT QFSTPOBT VUJMJ[BO FM NJTNP OPNCSF EF VOB FTQFDJF TBCFO
RVFFTUOIBCMBOEPEFMNJTNPIPOHP DPNFTUJCMF

-BDMBTJGJDBDJOEFMPTIPOHPTFOFMSFJOPWFHFUBMQSFTFOUBDPOTFDVFODJBTQSDUJDBT
JOWPMVOUBSJBT /P SFTVMUB TJFNQSF DMBSP TJ FO MPT FTUVEJPT FUOPCPUOJDPT TF JODMVZF
B MPT IPOHPT TJMWFTUSFT DPNP FO FM DBTP EF VO FTUVEJP EF 5VSRVB &SUSVH

i&UOPNJDPMPHBu FT FM USNJOP DPSSFDUP RVF JOEJDB RVF TF FTU IBCMBOEP EF IPOHPT
BTDPNPiGMPSBuJOEJDBRVFFTUBNPTIBCMBOEPEFQMBOUBT&MUSNJOPFRVJWBMFOUFQBSB
MPTIPOHPTFTiNJDPUBu-BUFSNJOPMPHBRVFTFSFGJFSFBMPTIPOHPTQPESBQBSFDFSOPT
QPDP GBNJMJBS QFSP TV VTP OPT BZVEB B JEFOUJGJDBS EF GPSNB DMBSB MB JOGPSNBDJO
QVCMJDBEBTPCSFMPT)4$RVF EFOPTFSBT QPESBQFSEFSTFPJHOPSBSTF
&TUSVDUVSBZBMJNFOUBDJO
-PT IPOHPT UJFOFO EJWFSTBT GPSNBT UBNBPT Z DPMPSFT *MVTUSBDJO
.BDSPNJDFUPT
FTVOBDBUFHPSBHFOFSBMVTBEBQBSBMBTFTQFDJFTRVFUJFOFOVOBFTUSVDUVSBRVFTFQVFEF
PCTFSWBS B TJNQMF WJTUB Z RVF QSPEVDF FTQPSBT UBMFT DPNP MBT TFUBT P MBT USVGBT /PT
SFGFSJNPT HFOFSBMNFOUF B FTUBT FTUSVDUVSBT WJTJCMFT DPNP iDBSQGPSPTu P iDVFSQPT
GSVDUGFSPTu FTEFDJS iQPSUBEPSFTEFMGSVUPu

-PTIPOHPTTFQSFTFOUBODPNPVOUFKJEPEFGJMBNFOUPTRVF FOTVDPOKVOUPGPSNBO
VO NJDFMJP DPNP QPS FKFNQMP FO MB QBSUF FONPIFDJEB EF VO QFEB[P EF GSVUB P EF
QBO &M TPNCSFSP EF VO IPOHP P EF VO HSVQP EF IPOHPT DPOTJTUF UBNCJO FO VOB
TFSJF EF GJMBNFOUPT EFOTBNFOUF BHSVQBEPT QBSB GPSNBS FM DBSQGPSP -PT GJMBNFOUPT
FTQFDJBMJ[BEPTQSPEVDFOFTQPSBTRVFTFEJGVOEFOEFVOBHSBOWBSJFEBEEFNBOFSBT&TUBT
FTQPSBTQVFEFOTFSPCTFSWBEBTFOHSBOEFTDBOUJEBEFTQPOJFOEPFMTPNCSFSPEFVOIPOHP
TPCSFVOBIPKBEFQBQFMCMBODPZDVCSJOEPMPDPOVOWBTP *MVTUSBDJO
&MDPMPS GPSNB
ZNPEPFOMPTDVBMFTMBTFTQPSBTTFEFTBSSPMMBOBZVEBOBJEFOUJGJDBSFMIPOHP
-PT )4$ HFOFSBMNFOUF TPO DPOPDJEPT DPNP iTFUBTu TJMWFTUSFT DPNFTUJCMFT &TUP
QVFEF DBVTBS DPOGVTJPOFT QPS VO CVFO ONFSP EF SB[POFT MBT FTQFDJFT DPNFTUJCMFT
UJFOFO GPSNBT EJGFSFOUFT BMHVOBT DPO BOJMMPT QFMMFKJUP CBKP FM TPNCSFSP
Z PUSBT DPO
QPSPT BMHVOBTDPOUBMMPT PUSBTOP *MVTUSBDJO
&TUFMJCSPQSFGJFSFMBUFSNJOPMPHB
HFOFSBMEFiIPOHPDPNFTUJCMFuQBSBEFGJOJSMBHSBOEJWFSTJEBEEFGPSNBTZUBNCJOQBSB
EJTUJOHVJSMBTDMBSBNFOUFEFMBTTFUBTDVMUJWBEBT 3FDVBESP

{$NPTFBMJNFOUBOMPTIPOHPT
-PTIPOHPTEFQFOEFOEFNBUFSJBMFTWJWPTZNVFSUPTQBSBTVDSFDJNJFOUP0CUJFOFOTV
OVUSJNFOUPFOUSFTGPSNBTCTJDBT
x 4BQSGJUPmDSFDJNJFOUPFONBUFSJBPSHOJDBNVFSUB
x 4JNCJUJDPmDSFDJNJFOUPFOBTPDJBDJODPOPUSPTPSHBOJTNPT
x 1BUHFOPP1BSBTUJDPmDSFDJNJFOUPDPOEBPBPUSPTPSHBOJTNPT
-B NBZPS QBSUF EF MBT FTQFDJFT EF )4$ TPO TJNCJUJDBT Z GPSNBO NJDPSSJ[BT
DPO MPT SCPMFT WFB NT BEFMBOUF
-PT IPOHPT TBQSGJUPT DPNFTUJCMFT UBNCJO TPO
SFDPMFDUBEPTFOGPSNBTJMWFTUSFQFSPTPONTDPOPDJEPTZNTBNQMJBNFOUFWBMPSJ[BEPT
FOTVTGPSNBTDVMUJWBEBT-PTIPOHPTQBSTJUPTQSPEVDFOFOGFSNFEBEFTFOMBTQMBOUBT
ZVOQFRVFPONFSPEFFTUPTNJDSPNJDFUPT PNJDSPIPOHPT
FTDPNJEPFOGPSNBEF
NBUFSJBMFTIVTQFEFTJOGFDUBEPT *MVTUSBDJO
-BTEJGFSFOUFTGPSNBTEFBMJNFOUBDJO
TFNVFTUSBOFOMB*MVTUSBDJOZTFEFTDSJCFOCSFWFNFOUFFOMPTQSSBGPTTJHVJFOUFT
-PTIPOHPTTBQSGJUPT
-PTIPOHPTDPMPOJ[BOMBNBEFSBFOQVUSFGBDDJOZMBTTVTUBODJBTPSHOJDBTQSFTFOUFT
FOFMTVFMP.VDIBTFTQFDJFTOPQVFEFOTFSWJTUBTBTJNQMFWJTUB NJDSPNJDFUPT
QFSP
IBZNBDSPNJDFUPT DPNFTUJCMFT
RVFDSFDFOFOUSPODPTDBEPTZHSVQPTEFIPOHPTRVF
DSFDFOFOMBTQBSUFTNVFSUBTPRVFTFFTUONVSJFOEPEFSCPMFTRVFBOFTUOFOQJF
-BTFUBDPNOPiCPMBEFOJFWFu "HBSJDVTBSWFOTJT
FTVOBFTQFDJFTJMWFTUSFDPNFTUJCMF
DPNONFOUF SFDPMFDUBEB RVF TF FODVFOUSB FO MBT SFBT EF QBTUPSFP Z DVCJFSUBT EF

4BQSGJUPEFTDSJCFVOPSHBOJTNPRVFTFBMJNFOUBQPSEJHFTUJOFYUFSOBEFNBUFSJBTPSHOJDBTNVFSUBT
IJFSCB -BT FTQFDJFT DPNFTUJCMFT EF 'BWPMVT TPO SFDPMFDUBEBT EF MB NBEFSB NVFSUB EF
MPTCPTRVFTQMVWJBMFTUSPQJDBMFT-PT)4$VTBEPTQPSMPTJOEJPT:BOPNBOJEFM#SBTJM
TPO UPEPT TBQSGJUPT Z DSFDFO FO MBT SFBT EF UBMB Z RVFNB EPOEF IBZ USPODPT FO
EFTDPNQPTJDJO 1SBODF

&O TV ICJUBU OBUVSBM FM WPMVNFO Z WBMPS EF MBT FTQFDJFT TBQSGJUBT VTBEBT DPNP
BMJNFOUPFTSFEVDJEPFODPNQBSBDJODPOMPTIPOHPTTJNCJUJDPTDPNFTUJCMFT BVORVF
TF SFDPMFDUB MB NBZPS QBSUF EF FTQFDJFT TBQSGJUBT DPNFTUJCMFT 4V WBMPS HFOFSBM FT
NVDIPNTBMUPQPSRVFTPOBNQMJBNFOUFDVMUJWBEPTSFDJFOUFNFOUFGVFDBMDVMBEBVOB
DJGSBEFNJMNJMMPOFTEFEMBSFT&&66QBSBFMDPNFSDJPHMPCBMBOVBMEFFTQFDJFT
TBQSGJUBTDVMUJWBEBT $IBOH WBTFUBNCJOFM$VBESP

-BTFTQFDJFTTBQSGJUBTOFDFTJUBOVOBQSPWJTJPOBNJFOUPDPOTUBOUFEFNBUFSJBPSHOJDB
BEFDVBEBQBSBTPTUFOFSMBQSPEVDDJOFOTVICJUBUOBUVSBMZFTUPQVFEFTFSVOGBDUPS
MJNJUBUJWP EF MB QSPEVDDJO -B DVMUJWBDJO EFM IPOHP KBQPOT TIJJUBLF -FOUJOVMB
FEPEFT
FOVOSFBEF$IJOBFTUBNFOB[BEBQPSMBGBMUBEFSBNBTEFSCPMFTBEFDVBEPT
EFMPTCPTRVFTWFDJOPT 1BVMJ

-PTNBDSPNJDFUPTTBQSGJUPTTPOUBNCJOBMUBNFOUFWBMPSJ[BEPTQPSTVTQSPQJFEBEFT
DVSBUJWBT-BNBZPSQBSUFTPODVMUJWBEPT BVORVFMBTFTQFDJFTEFMHOFSP(BOPEFSNB
*MVTUSBDJO
UBNCJOTPOSFDPMFDUBEBTFOTVICJUBUOBUVSBM-BMJTUBEFNBDSPNJDFUPT
TJNCJUJDPTDPOQSPQJFEBEFTNFEJDJOBMFTFTNVDIPNTCSFWF QFSPIBZJOEJDBDJPOFTEF
RVFIBOTJEPFTUVEJBEPTNFOPTQPSRVFOPQVFEFOTFSDVMUJWBEPT 3FTIFUOJLPW 8BTTFS
Z5BO

-PTIPOHPTTJNCJUJDPT
-BGPSNBNTDPNOEFTJNCJPTJTBTPDJBEBDPOMPT)4$FTDPOPDJEBDPNPNJDPSSJ[B
*MVTUSBDJO
.VDIBTQMBOUBTEFQFOEFOEFFTUBBTPDJBDJOIPOHPTSBDFTQBSBDSFDFS
TBOBT 6O UJQP FTQFDJBM DPOPDJEP DPNP FDUPNJDPSSJ[B &.$
TF FODVFOUSB FO MPT
SCPMFT RVF DSFDFO FO MB UBJHB SVTB Z FO MPT CPTRVFT USPQJDBMFT EFM #PSOFP F JODMVZF
UBOUP MFHVNJOPTBT BSCSFBT DPNP DPOGFSBT $VBESP
-BT &.$ FTUO GPSNBEBT
UQJDBNFOUFQPSNBDSPNJDFUPTFJODMVZFONVDIBTEFMBTQSJODJQBMFTFTQFDJFTDPNFTUJCMFT
RVFTPOSFDPMFDUBEBTFOTVBNCJFOUFOBUVSBM UBMFTDPNPMBTFTQFDJFTEF$BOUIBSFMMVTZ
EF"NBOJUBT
-B NJDPSSJ[B DPOUSJCVZF BM DSFDJNJFOUP EF MPT SCPMFT FO MPT UFSSFOPT DBSFOUFT EF
OVUSJFOUFT UBMFT DPNP MBT [POBT CPTDPTBT EF NJPNCP EF GSJDB DFOUSBM Z NFSJEJPOBM
$BNQCFMM
6OB FTQFDJF EF HVBOUF EF
$6"%30
GJMBNFOUPT FOWVFMWF MB SB[ QFOFUSBOEP FO TV 'BNJMJBTEFQMBOUBTDPOIPOHPTFDUPNJDPSS[JDPT
FTUSVDUVSB QFSP OP FO TVT DMVMBT GPSNBOEP VO DPNFTUJCMFT
DPOUBDUP WJWJFOUF FOUSF MPT IPOHPT Z FM SCPM -PT '".*-*"
&+&.1-04
#FUVMB BCFEVMFT
IPOHPT DPOUSJCVZFO B RVF MPT SCPMFT TVDDJPOFO #FUVMBDFBF

"G[FMJB #SBDIZTUFHJB
FMBHVBEFVOBDVFODBNTBNQMJBZMFTVNJOJTUSBO $BFTBMQJOJPJEFBF
*TPCFSMJOJB +VMCFSOBSEJB
TVTUBODJBTOVUSJUJWBTSFDPHJEBTFOVOSFBNBZPS&M $BTVBSJOBDFBF
$BTVBSJOB
SCPM QPS TV MBEP QSPQPSDJPOB B MPT IPOHPT MPT $VQSFTTBDFBF
$VQSFTTVT
DBSCPIJESBUPTFTFODJBMFT
%JQUFSPDBSQBDFBF
4IPSFB %JQUFSPDBSQVT
.POPUFT
-PT 5FSNJUPNZDFT QSFTFOUBO JNQPSUBOUFT
6BQBDB
FTQFDJFT TJMWFTUSFT DPNFTUJCMFT &TUPT IPOHPT &VQIPSCJBDFBF
'BHBDFBF
$BTUBOFB DBTUBP
$BTUBOPQTJT
DSFDFO TPMBNFOUF FO BTPDJBDJO DPO MPT UFSNJUFT
'BHVT CBZBEFMOPSUF

/PUIPGBHVT CBZBEFMTVS

Z TVT OJEPT EFQFOEFO EF MBT NBUFSJBT PSHOJDBT
2VFSDVT SPCMF
RVFUSBFOFTUPTJOTFDUPTEFTVTWJBKFTFOCVTDBEF i-FHVNFTw
"DBDJB
BMJNFOUPFOMPTSCPMFT"VORVFMPT5FSNJUPNZDFT .ZSUBDFBF
&VDBMZQUVT
TPO IPOHPT TBQSGJUPT WJWFO FO TJNCJPTJT DPO 1JOBDFBF
1JOVT QJOPT
1JDFB BCFUPT

"CJFT BCFUPT
-BSJY BMFSDF
MPT UFSNJUFT )BO TJEP SFHJTUSBEBT WFJOUF FTQFDJFT

1BQJMJPOPJEFBF
1FSJDPQTJT
DPNFTUJCMFT EF FTUF HOFSP FO GSJDB Z "TJB
/ZDUBHJOBDFBF
/FFB
1FHMFT Z 7BOIBFDLF
4PO DPUJEJBOBNFOUF 7BTFEFUBMMFTTPCSFFDUPNJDPSSJ[BTFOMPTSCPMFTUSPQJDBMFT
SFDPMFDUBEBT Z WFOEJEBT *MVTUSBDJO
&M IPOHP FO"MFYBOEFSZ)PHCFSH

DPNFTUJCMF NT HSBOEF EFM NVOEP FT FM 5 UJUBOJDVT BVORVF QSFTFOUB PUSBT FTQFDJFT
NVDIPNTQFRVFBT
-BQPCMBDJOSVSBMIBBTPDJBEP EFTEFUJFNQPTSFNPUPT MBQSFTFODJBEFMPTIPOHPT
DPNFTUJCMFTDPOMPTSCPMFTEFMBMPDBMJEBEZMPTIBOJODPSQPSBEPFOTVTOPNCSFTMPDBMFT
&OFMTVSEFGSJDBUBOUPDIJNTVLVDPNPLBNTVLVEFTDSJCFOVOBFTQFDJFEF-BDUBSJVT
RVFDSFDFCBKPMPTSCPMFTEFNBTVLV 1JFBSDF
"MHVOPTIPOHPTFDUPNJDPSS[JDPT
DPNFTUJCMFTQSPEVDFOTVTDBSQGPSPTCBKPUJFSSB&MFKFNQMPNTDPNOTPOMBTUSVGBT
TQ5VCFS *MVTUSBDJO
)BOTJEPSFHJTUSBEBTNTEFFTQFDJFTEF&.$DPNFTUJCMFT
8BOH #VDIBOBOZ)BMM
&YJTUFOUBNCJONVDIPTIPOHPTFDUPNJDPSS[JDPTRVF
QSPEVDFODBSQGPSPTRVFTPOWFOFOPTPTPOPDPNFTUJCMFT
-B QSPEVDDJO EF DBSQGPSPT EFQFOEF EF VO DPOKVOUP DPNQMFKP EF GBDUPSFT Z FO
BMHVOPTBPTQPESBWPMWFSTFJOTJHOJGJDBOUF&O#PUTXBOB QPSFKFNQMP TFDPNQSBSPO
FO VOB QFRVFB DPNVOJEBE UPOFMBEBT EF 5FSGF[JB QGFJMJJ VOB EF MBT iUSVGBT EFM
EFTJFSUPu FO VOB TPMB UFNQPSBEB FM BP TJHVJFOUF TMP DVBUSP DBSQGPSPT GVFSPO
SFDPMFDUBEPT FO VO SFB NVDIP NT BNQMJB 5BZMPS DPNVOJDBDJO QFSTPOBM
&EJCMF GVOHJ FBUFO BOE USBEFE JO #PUTXBOB BOE /BNJCJB
-B JODFSUJEVNCSF EF MB
DPTFDIBEFMBPTJHVJFOUFIBDFEJGDJMMBQMBOJGJDBDJOEFMBFYQMPUBDJODPNFSDJBMZTF
IBOEBEPBMHVOPTQBTPTQBSBTVQFSBSFTUFQSPCMFNBiDVMUJWBOEPuFTQFDJFTNJDPSS[JDBT
GVOEBNFOUBMFT UBMFT DPNP MB 5SJDIPMPNB NBUTVUBLF )BMM FU BM
-PT SCPMFT
TPO JOGFDUBEPT DPO USVGBT )BMM ;BNCPOFMMJ Z 1SJNBWFSB
Z NBOUFOJEPT CBKP
DPOEJDJPOFT DPOUSPMBEBT FO *UBMJB *MVTUSBDJO
Z FO PUSPT MVHBSFT QFSP FM UJFNQP
FTGVFS[PZEJOFSPOFDFTBSJPTTPOKVTUJGJDBEPTTMP BTVNJFOEPVOBCVFOBDPODFQDJO
EFMBFDPMPHBEFMPTIPOHPTJOUFSFTBEPT
FOMBTFTQFDJFTDPNFTUJCMFTNTWBMJPTBTEF
IPOHPTNJDPSS[JDPT
-BTFTQFDJFTBSCSFBTQVFEFOGPSNBSNJDPSSJ[BTDPONTEFVOIPOHP ZVOIPOHP
QVFEF FTUBS BTPDJBEP DPO NT EF VO SCPM "MHVOBT &$. TPO iBVUDUPOBTu EF VOB
SFHJOFO.BEBHBTDBSVOB3VTTVMBDPNFTUJCMFDSFDFFOMPTFVDBMJQUPTFYUJDPT #VZDL

0USBT&$.DPNFTUJCMFTIBOTJEPJOUSPEVDJEBTZ IPZFOEB MPT#PMFUVTFEVMJT
TFFODVFOUSBOFOUPEPFMTVSEFGSJDBDPNPQSPEVDUPEFMBQMBOUBDJOEFSCPMFTEF
QJOP-BT&$.IBOTJEPFTUVEJBEBTDPONBZPSJOUFOTJEBEFOFMQBTBEPFOMBTFTQFDJFT
BSCSFBTEFMBT[POBTUFNQMBEBTQFSPUBNCJOIBIBCJEPGJSNFTBWBODFTFOMPTFTUVEJPT
EFMBT&$.USPQJDBMFTBGSJDBOBT 5IPFO 7FSCFDLFOZ#VZDL

-PT MRVFOFT TPO BTPDJBDJPOFT EF iBVUPTVTUFOUPu FOUSF MPT IPOHPT Z VO BMHB
P DJBOPCBDUFSJBT Z TPO FM FKFNQMP GJOBM EF VOB TJNCJPTJT RVF UJFOF QSPQJFEBEFT
DPNFTUJCMFT6OMJRVFOFTVOHSVQPCJPMHJDPZOPVOHSVQPTJTUFNUJDP ,JSLFUBM

Z MBT QPCMBDJPOFT EF &VSPQB "TJB Z /PSUFBNSJDB DPOTVNFO NVDIBT FTQFDJFT
WBMJPTBT VTOEPMBT UBNCJO QBSB GJOFT FDPONJDPT /P MPT IFNPT JODMVJEP FO FTUF
FTUVEJP QFSPTFQVFEFPCUFOFSBCVOEBOUFJOGPSNBDJOEFVOCVFOONFSPEFGVFOUFT
QFK3JDIBSETPO .BSMFTFUBM

-PTIPOHPTQBUHFOPTZQBSTJUPT
&O WBSJPT QBTFT TF DPOTVNFO NBUFSJBT WFHFUBMFT JOGFDUBEBT QPS IPOHPT QBUHFOPT
&O .YJDP QPS FKFNQMP TF DPOTVNFO FO HSBOEFT DBOUJEBEFT MBT NB[PSDBT EF NB[
JOGFDUBEBTDPOFMiIPOHPEFNBSSBTu 6TUJMBHPNBZEJT
UBOUPGSFTDBTDPNPFODPOTFSWB
-PDBMNFOUFTFDPOPDFODPOFMOPNCSFEFIVJUMBDPDIFPDVJUMBDPDIF 7JMMBOVFWB

&M6NBZEJTFTVONJDSPNJDFUPOPGPSNBVODBSQGPSPWJTJCMFZFMOJDPSBTUSPEF
TV QSFTFODJB FT VOB NBTB EF FTQPSBT PTDVSBT *MVTUSBDJO
-BT NB[PSDBT QBSFDFO
WPMWFSTFNTEVMDFTDPNPSFTVMUBEPEFMBUBRVFEFFTUPTIPOHPT 4PNNFS
ZIBO
TJEPOPUBEPTDBNCJPTBOMPHPTQSPEVDJEPTQPSFMIPOHPDPNFTUJCMFNFKJDBOPDPOPDJEP
DPNPiSPZBEFMPTQJOPTu $SPOBSUJVNDPOJHFOVN

&OUSF PUSPT FKFNQMPT UFOFNPT 6TUJMBHP FTDVMFOUB TPCSF FM BSSP[ TJMWFTUSF
4QPSJTPSJVN DSVFOUB TPCSF FM TPSHP DIJOP (VP[IPOH DPNVOJDBDJO QFSTPOBM
&BUJOH4QPSJTPSJVNDSVFOUBJO$IJOB
MPTGSJKPMFTBMBEPTEF*OEPOFTJB JOGFDUBEPTQPS
FM 4ZODIZUSJVN QTPQIPDBSQJ 3JGBJ

$PO MPT NBDSPNJDFUPT QBSTJUPT
)ZQPNZDFTMBDUJGMVPSVNRVFDSFDFO
TPCSF PUSPT NBDSPIPOHPT CPMFUPT

Z TF DPOTVNFO EFTEF $BOBE IBTUB
(VBUFNBMB DPNQMFUBNPT FM NCJUP
EF OJDIPT FDPMHJDPT PDVQBEPT QPS
MPT)4$

'*(63"
-BTQBSUFTEFVOIPOHPo/PNCSFTDJFOUmDPTZWVMHBSFT
-"*%&/5*'*$"$*/
-PTOPNCSFTDJFOUGJDPTZ
WVMHBSFT
-PT OPNCSFT WVMHBSFT IBO TJEP
CJFO EPDVNFOUBEPT FO .YJDP
(V[NO
$IJOB .BP

Z QVFEFO TFS DPOUSPMBEPT FO MOFB
FO .BMBXJ XXXNBMBXJGVOHJPSH

B MB QBS EF TVT OPNCSFT DJFOUGJDPT
FRVJWBMFOUFT $BEB VOP EF FTUPT
QBTFT UJFOF VO MYJDP SJDP EF
OPNCSFTZUFSNJOPMPHBT 'JHVSB

VOB TFBM EF MB JNQPSUBODJB EF
MB RVF HP[BO MPT )4$ FO MBT
&TUFFKFNQMPTFCBTBFOVODBSQGPSPEFVO"NBOJUB0USPTHOFSPTOPQPTFFOVOBWPMWB
QPCMBDJPOFT SVSBMFT "MHVOPT
FM USPORVJUP RVF DPOUJFOF FM DBSQGPSP FO DSFDJNJFOUP
Z B WFDFT OP QPTFFO BOJMMPT &M
OPNCSFFOJOHMTFTUFOOFHSJMMBTFMOPNCSFFOFTQBPMFONBZTDVMBTTFHVJEPQPSMPT
OPNCSFTMPDBMFTIBOTJEPBEPQUBEPT
OPNCSFTWVMHBSFTEF"KVTDPZ5PQJMFKPFO.YJDP
'VFOUFBEBQUBEPEF3FZHBEBT ;BNPOJ.BSUOF[Z$JGVFOUFT
NT BNQMJBNFOUF QBSUJDVMBSNFOUF
FO MP RVF SFTQFDUB B MPT IPOHPT
DPNFTUJCMFTJNQPSUBOUFT&M#PMFUVT
FEVMJTTFDPOPDFHFOFSBMNFOUFQPSTVOPNCSFGSBODT DQF
PFOJUBMJBOP QPSDJOP QM
QPSDJOJ
ZMPT5SJDIPMPNBNBUTVUBLFQPSTVOPNCSFFOKBQPOT NBUTVUBLF

&M TJTUFNB EF OPNCSFT DJFOUGJDPT UJFOF FM PCKFUJWP EF BDMBSBS EVEBT TPCSF MPT
IPOHPTEFTDSJUPT6OBQFSTPOBDPO$BOUIBSFMMVTDJCBSJVTFO/FQBMTBCFRVFTPOMPT
NJTNPT IPOHPT EF .P[BNCJRVF QSFTVNJFOEP RVF BNCPT IBZBO TJEP JEFOUJGJDBEPT
DPO QSFDJTJO -PT OPNCSFT DJFOUGJDPT TF DPNQPOFO EF EPT QBSUFT MB QSJNFSB FT
FM OPNCSF HFOSJDP $BOUIBSFMMVT
MB TFHVOEB FM OPNCSF FTQFDGJDP TQ DJCBSJVT

&YJTUFO NVDIBT WBSJFEBEFT EF OPNCSFT QBSB MBT NJTNBT FTQFDJFT QFSP MB WBMJEF[
DJFOUGJDBBNFOVEPFTJODJFSUB
-PTOPNCSFTMPDBMFTEFMPTIPOHPTDPNFTUJCMFTTFCBTBOFOMBGPSNB TBCPSZPUSBT
QSPQJFEBEFTRVFTPODBSBDUFSTUJDBTPJNQPSUBOUFTQBSBMBQPCMBDJO-BFTQFDJFEFMJRVFO
6NCJMJDBSJBFTDVMFOUBZMBTFUBDPNFTUJCMFiPSFKBEF+VEBTu "VSJDVMBSJBBVSJDVMBKVEBF

UJFOFOOPNCSFTWVMHBSFTTNJMFTFO)VOBO:BOFS PSFKBEFQJFESB
Z.VFS PSFKBEF
CPTRVF
SFTQFDUJWBNFOUF1PSFTUFNFEJPTFJEFOUJGJDBFMMVHBSEPOEFDSFDFOZQVFEFO
TFSSFDPMFDUBEPT-PTNJDMPHPT BWFDFT OPTFGBOEFMBTDMBTJGJDBDJPOFTMPDBMFTQPSRVF
TFCBTBOFODBSBDUFSTUJDBTEFWBMPSDJFOUGJDPJODJFSUP )SLOFO

-PTOPNCSFTMPDBMFTTPOQJTUBTWBMJPTBTEFMPTVTPTZMBJNQPSUBODJBQBSBMBQPCMBDJO
EFMPTIPOHPTDPNFTUJCMFTZIBZNVDIPRVFBQSFOEFSEFTVFTUVEJP-PTOPNCSFTMPDBMFT
QFSNJUFO B MPT JOWFTUJHBEPSFT BQSFOEFS TPCSF MBT QSDUJDBT EF SFDPMFDDJO BOBMJ[BS MPT
NFSDBEPTZIBCMBSDPOMPTSFTQPOTBCMFTEFHFTUJOGPSFTUBMZPUSBTQFSTPOBTRVFOPUJFOFO
OPDJPOFT GPSNBMFT EF DJFODJBT Z OP FTUO GBNJMJBSJ[BEPT DPO MPT OPNCSFT HFOSJDPT Z
FTQFDGJDPT&OFM$VBESPCSJOEBNPTFKFNQMPTEFFTUVEJPTFUOPHSGJDPTRVFDPNQSFOEFO

5PEBTMBTQHJOBTXFCIBOTJEPSFWJTBEBTFO

MPT)46"MHVOBTSFGFSFODJBTQBSBMMFWBSBDBCPUBMFTFTUVEJPTTPOEJTQPOJCMFTFOVOCVFO
ONFSPEFGVFOUFTEJGFSFOUFT QFK"MFYJBEFT

-BTDMBTJGJDBDJPOFTMPDBMFTZDJFOUGJDBTTJSWFOBEPTHSVQPTEJGFSFOUFTEFQPCMBDJPOFT
ZOPTPOJOGBMJCMFT-BTFTQFDJFTDPNFTUJCMFTEF#PMFUVTOPTPODPOTVNJEBTFOSFHJPOFT
EFMB3FQCMJDB6OJEBEF5BO[BOB QPSFKFNQMP )SLOFO
MPDVBMSFGMFKBMBT
DPTUVNCSFTMPDBMFTZOPMPTEBUPTDJFOUGJDPT-BTSFGFSFODJBTEFDBNQPBNFOVEPFTUO
FOEFTBDVFSEPTPCSFDVMFTFTQFDJFTTPODPNFTUJCMFT UBOUPQPSRVFTFNBOUJFOFODBVUPT
BM SFDPNFOEBS MBT FTQFDJFT RVFOFDFTJUBOTFSQSFDPDJOBEBT DPNPQPSRVFMPTBVUPSFT
EFTDPOPDFOMBTDPTUVNCSFTMPDBMFTFOEJGFSFOUFTQBSUFTEFMNVOEP
-PRVFFTUDMBSP TJOFNCBSHP FTRVFIBZNVDIBTFTQFDJFTEFTDSJUBTFTDBTBNFOUF
RVFTPOSFDPMFDUBEBTQBSBVTPQFSTPOBMZDPNFSDJBMJ[BEBTFOMPTQBTFTFOEFTBSSPMMP
&MSJUNPEFEFTDVCSJNJFOUPFTEJSFDUBNFOUFQSPQPSDJPOBMBMPTGPOEPTQBSBQSPZFDUPT
Z B MB IBCJMJEBE EF EPDVNFOUBS MBT FYQFSJFODJBT NJDPMHJDBT EF MPT EJTUJOUPT QBTFT
&M USBCBKP FO MB 3FQCMJDB 6OJEB EF 5BO[BOB )SLOFO $PEKJB Z :PSPV

.P[BNCJRVFZ.BMBXJ #PBFUBM
#VSVOEJ #VZDL C
Z#FOJO %F,FTFM
4BBSJNLJZ.XBTVNCJ
FOGBUJ[BMBSJRVF[BEFMBTNJDPUBTUSPQJDBMFTDPNFTUJCMFT
Z MP NVDIP RVF RVFEB UPEBWB QPS IBDFS &O BVTFODJB EF UBM QFSJDJB NJDPMHJDB MPT
OPNCSFTMPDBMFTQVFEFOTVNJOJTUSBSJOGPSNBDJOUJM QBSUJDVMBSNFOUFTJTFEJTQPOFEF
FTQFDNFOFTEFTFDBEPTQBSBVOFYBNFOQPTUFSJPS
6O FTQDJNFO DVJEBEPTBNFOUF JEFOUJGJDBEP DPO TV OPNCSF DJFOUGJDP BTFHVSB RVF
DVBMRVJFSJOGPSNBDJOOVFWBQVFEFTFSVTBEBEFNBOFSBDPOGJBCMF6OOPNCSFDJFOUGJDP
FT MB GPSNB NT UJM EF JOWFTUJHBS TJ VOB FTQFDJF FT DPNFTUJCMF P WFOFOPTB P TJ UJFOF
QSPQJFEBEFTNFEJDJOBMFTVPUSPUJQPEFQSPQJFEBEFTUJMFT6OJNQPSUBEPSOPOFDFTJUB
TBCFS TJ FM QJFE EF NPVUPO EF #VMHBSJB FT FM )ZEOVN SFQBOEVN ZB RVF FTUF HOFSP
DPOUJFOF TMP FTQFDJFT DPNFTUJCMFT QFSP VO DPOTVNJEPS JUBMJBOP QBHBS NFOPT QPS FM
PSEJOBSJP5VCFSTJOPTVNEF$IJOBDPNQBSBEPDPOPUSBTFTQFDJFTNTWBMJPTBT&OFTUF
FKFNQMP VO OPNCSF DJFOUGJDP EFTDSJCF GJEFEJHOB Z OJDBNFOUF FM IPOHP FO DVFTUJO
QBSBFMDVBMMBJOGPSNBDJOQVFEFTFSCVTDBEBFOMBMJUFSBUVSB
&MVTPEFMOPNCSFDJFOUGJDPBDUVBMPiDPSSFDUPwEFVOIPOHP
-PTOPNCSFTDJFOUGJDPTEFMPTIPOHPTTVGSFODBNCJPTDPOTUBOUFT FKFNQMPEFMPNVDIP
RVFRVFEBQPSEFTDVCSJSTPCSFMBEJWFSTJEBEEFFTQFDJFT4FQSPQPOFOOVFWPTOPNCSFT
Z TF SFBKVTUBO MPT MNJUFT HFOSJDPT DPNP SFTVMUBEP EF OVFWPT EFTDVCSJNJFOUPT Z EF
MBPCTFSWBDJOEFOVFWBTSFMBDJPOFTFOUSFMBTFTQFDJFT$VBOEPTFQSPQPOFVOBOVFWB
FTQFDJF FTKV[HBEBDPNQBSBOEPMBTSFGFSFODJBTZSFHMBTSFDPHJEBTZSFHVMBSNFOUFQVFTUBT
BMEBQPSMPTDJFOUGJDPT-BQVCMJDBDJODPSSFDUBEFVOOPNCSFOVFWPOPTJHOJGJDBRVF
MPTDJFOUGJDPTFTUOEFBDVFSEPTPCSFTVTUBUVTUBYPONJDP-PTMNJUFTFOUSFHOFSPT
ZFTQFDJFTFTUOBCJFSUPTBEJGFSFOUFTJOUFSQSFUBDJPOFTZFTQPSFTUBSB[ORVFFYJTUFO
OPNCSFTDJFOUGJDPTEFIPOHPTiQSFGFSJEPTuFOWF[EFMPTOPNCSFTiDPSSFDUPTu
&TUPT DBNCJPT F JODFSUJEVNCSFT UJFOFO DPOTFDVFODJBT QSDUJDBT JNQPSUBOUFT QBSB MB
QPCMBDJORVFDPOTVNFZVTBMPT)4$-BHFOUFEFCFUFOFSMBDFSUF[BEFRVFVOBFTQFDJF
IBTJEPDPOPDJEBQSFDFEFOUFNFOUFQPSVOOPNCSFEJGFSFOUFPQPSVOTJOOJNPDVBOEP
CVTDBJOGPSNBDJO1PSFKFNQMP MPT5FSNJUPNZDFTBMCVNJOPTVTBOUFTTFDPOPDBDPNP
$PMMZCJBBMCVNJOPTB0USPTDBNCJPTIBOTJEPNFOPTSBEJDBMFTMPT-FOUJOVTFEPEFT P
TIJJUBLFIPZUJFOFFMOPNCSFiQSFGFSJEPuEF-FOUJOVMBFEPEFT4VBOUJHVPOPNCSFiOP
QSFGFSJEPu TF VTB UPEBWB DPO DJFSUB GSFDVFODJB FO MBT QVCMJDBDJPOFT -BT PQJOJPOFT TF
EJWJEFOBOTPCSFTJMBTFTQFDJFT$PSJPMVTDPOQSPQJFEBEFTNFEJDJOBMFTEFCJFTFOTFSSF
EFOPNJOBEBTDPNP5SBNFUFT&OMPT"VSJDVMBSJBBVSJDVMBKVEBF TViOPNCSFQSFGFSJEPu
TFQSFTFOUBJOEJGFSFOUFNFOUFDPNP)JSOFPMBBVSJDVMBKVEBFZ"VSJDVMBSJBBVSJDVMB
&M $VBESP FT VOB MJTUB EF MPT OPNCSFT QSFGFSJEPT EF MPT )4$ RVF BO VUJMJ[BO
PUSPT OPNCSFT EF SFGFSFODJB &O MBT QVCMJDBDJPOFT UBNCJO BQBSFDFO BMHVOPT FSSPSFT
EFPSUPHSBGBJODMVTPMBTEJGFSFODJBTNOJNBTQVFEFODBVTBSEVEBTTPCSFMBJEFOUJEBE
EFVOIPOHP&M%JDDJPOBSJPEFMPTIPOHPTFTVOBSFGFSFODJBFTUOEBS GSFDVFOUFNFOUF

$6"%30
DPSSFHJEB EPOEF TF FODVFOUSBO UPEPT MPT /PNCSFTDJFOUGJDPTQSFGFSJEPT BDUVBMFTPiDPSSFDUPTw

HOFSPTEFIPOHPT ,JSLFUBM
&M*OEFY EFMPTIPOHPTTJMWFTUSFTFDPONJDBNFOUFJNQPSUBOUFT
'VOHPSVN VO SFDVSTP EF *OUFSOFU GBDJMJUB FM 16#-*$"%04$0.0
/0.#3&13&'&3*%0
DPOUSPMEFMFTUBEPEFQSFGFSJEPTPOPQSFGFSJEPT
"SNJMMBSJFMMBNFMMFB
"SNJMMBSJBNFMMFB
FOUSF MPT OPNCSFT FTQFDGJDPT Z BZVEB B "VSJDVMBSJBBVSJDVMB
"VSJDVMBSJBBVSJDVMBKVEBF
FODPOUSBSTJOOJNPT XXXJOEFYGVOHPSVNPSH
9FSPDPNVTCBEJVT
#PMFUVTCBEJVT
*OEFY 'VOHPSVN FT EF VO CFOFGJDJP QSDUJDP #PMFUVTHSBOVMBUVT
4VJMMVTHSBOVMBUVT
4VJMMVTMVUFVT
DPOTJEFSBCMF BVORVFMFIBDFGBMUBFMSFTQBMEP #PMFUVTMVUFVT
-BOHFSNBOOJBHJHBOUFB
OFDFTBSJP QBSB DPOUFTUBS BNQMJBNFOUF B $BMWBUJBHJHBOUFB
-ZDPQFSEPOHJHBOUFB
UPEBT MBT TPMJDJUVEFT RVF MMFHBO TPCSF DVBM $PMMZCJBBMCVNJOPTB
5FSNJUPNZDFTBMCVNJOPTVT
OPNCSFDJFOUGJDPVUJMJ[BSQBSBMPT)4$&TUB $PSJPMVTIJSTVUVT
5SBNFUFTIJSTVUB
FYJHFODJB QSDUJDB UJFOF RVF TFS EJTDVUJEB $PSJPMVTWFSTJDPMPS
5SBNFUFTWFSTJDPMPS
%FOESPQPMZQPSVTVNCFMMBUVT
1PMZQPSVTVNCFMMBUVT
UPEBWBQPSMBDPNVOJEBEDJFOUGJDB
'PNJUPQTJTPGGJDJOBMJT
-BSJDJGPNFTPGGJDJOBMJT
(SJGPMBVNCFMMBUVT
1PMZQPSVTVNCFMMBUVT
*EFOUJGJDBSMBTFTQFDJFT
)FSJDJVNFSJOBDFVN
)FSJDJVNFSJOBDFVT
-PT HOFSPT EF MPT )4$ RVF TF FODVFOUSBO
)JSOFPMBBVSJDVMBKVEBF
FO MPT DMJNBT USPQJDBMFT Z TVCUSPQJDBMFT )ZEOVNJNCSJDBUVT
4BSDPEPOJNCSJDBUVT
TPO BNQMJBNFOUF BOMPHPT B MPT RVF TF )ZQTJ[ZHVTVMNBSJVN
-ZPQIZMMVNVMNBSJVN
FODVFOUSBO FO MB NJDPUB EF MBT SFHJPOFT -FOUJOVTFEPEFT
-FOUJOVMBFEPEFT
.BDSPMFQJPUBQSPDFSB
UFNQMBEBT -JODPGG
-B EJWFSTJEBE -FQJPUBQSPDFSB
-FQJPUBSIBDPEFT
.BDSPMFQJPUBSIBDPEFT
EF FTQFDJFT TJO FNCBSHP FT NVDIP NBZPS
1BOVTSVEJT
-FOUJOVTTUSJHPTVT
FO MPT QBTFT FO EFTBSSPMMP Z TF EFCF UFOFS
1MFVSPUVTDPSOVDPQJBFWBS
1MFVSPUVTDJUSJOPQJMFBUVT
DVJEBEP BM DPNQBSBSMBT DPO FM NCJUP DJUSJOPQJMFBUVT
SFEVDJEP EF FTQFDJFT JMVTUSBEBT FO MBT UBOUBT 1MFVSPUVTGFSVMBF
1MFVSPUVTFSZOHJJWBS
GFSVMBF
HVBT EF DBNQP QVCMJDBEBT FO &VSPQB Z
1MFVSPUVTPMFBSJVT
0NQIBMPUVTPMFBSJVT
/PSUFBNSJDB
1MFVSPUVTPQVOUJBF
1MFVSPUVTPTUSFBUVT
)BZ EPT HSBOEFT HSVQPT UBYPONJDPT 1MFVSPUVTQPSSJHFOT
1MFVSPDZCFMMBQPSSJHFOT
EF IPOHPT DPNFTUJCMFT MPT CBTJEJPNJDFUPT 1MFVSPUVTUVCFSSFHJVN
-FOUJOVTUVCFSSFHJVN
FOUSF MPT DVBMFT FTUO MBT TFUBT MPT HSVQPT 1PSJBDPDPT8PMGJQPSJBDPDPT 8PMGJQPSJBFYUFOTB
3P[JUFTDBQFSBUVT
EF IPOHPT Z MPT CPMFUPT *MVTUSBDJO
Z 3P[JUFTDBQFSBUB
4QBSBTTJTDSJTQB
MPT BTDPNJDFUPT RVF JODMVZFO MBT USVGBT 4QBSBTTJTSBEJDBUB
4USPCJMPNZDFTDPTUBUJTQPSB
"GSPCPMFUVTDPTUBUJTQPSVT
*MVTUSBDJO
Z MPT IPOHPT DPMNFOJMMB
5FSNJUPNZDFTFVSSIJ[VT
5FSNJUPNZDFTFVSIJ[VT
.PSDIFMMB FTDVMFOUB
*MVTUSBDJO
/P 5SJDIPMPNBHBNCPTB
$BMPDZCFHBNCPTB
FYJTUF VO FYBNFO TFODJMMP QBSB EFUFSNJOBS 5SJDIPMPNBMPCBZFOTJT
.BDSPDZCFMPCBZFOTJT
MB DPNFTUJCJMJEBE -B MJUFSBUVSB DJFOUGJDB 5MPCBZFOTF
1UZDIPWFSQBCPIFNJDB
FT MB GVFOUF EF DPOTFKPT NT PCKFUJWB QFSP 7FSQBCPIFNJDB
7FBXXXJOEFYGVOHPSVNPSHQBSBVMUFSJPSJOGPSNBDJO
MBT QSDUJDBT Z QSFGFSFODJBT MPDBMFT QVFEFO
iwJOEJDBVOFSSPSEFPSUPHSBGBDPNO
UBNCJO BSSPKBS JOGPSNBDJO UJM -B
FWJEFODJB FNQSJDB FT MB MUJNB JOEJDBDJO
TPCSFTJVOBFTQFDJFFTDPNFTUJCMFPOP
-PT NUPEPT DMTJDPT EF JEFOUJGJDBDJO EF NBDSPNJDFUPT JODMVZFO VO FYBNFO
NJDSPTDQJDP EFM UFKJEP EF MBT FTQPSBT Z EF TV FTUSVDUVSB &TUP OPT BTFHVSB RVF BM
NFOPTFMHOFSPIBTJEPJEFOUJGJDBEP-BJEFOUJGJDBDJOEFMBTFTQFDJFTUSPQJDBMFTNFOPT
DPOPDJEBT QVFEF SFRVFSJS UBNCJO FM FYBNFO EF VOB CVFOB DBOUJEBE EF SFGFSFODJBT
*MVTUSBDJO
4FQVFEFOPCUFOFSDMBWFTWJTVBMFTUJMFTFOMBTGPUPHSBGBTEFMBTHVBTEF
DBNQPZIBZVOONFSPDSFDJFOUFEFTJUJPTXFCDPOGPUPHSBGBTZEFTDSJQDJPOFTFTDSJUBT
EF MBT FTQFDJFT $BQUVMP
6OB CVFOB JOGPSNBDJO TPCSF MPT 1'/. EF .YJDP FT
QSPQPSDJPOBEBQPSMB4FDSFUBSBEF.FEJP"NCJFOUFZ3FDVSTPT/BUVSBMFT
FO
*OUFSOFUFJODMVZFMPT)4$ZFTVOFKFNQMPFYDFMFOUFEFHVBFOMOFBRVFQVFEFTFS
JNJUBEPQPSPUSBTSFHJPOFT WFBXXXTFNBSOBUHPCNY

-BT JEFOUJGJDBDJPOFT EF FYQFSUPT QVFEFO TFS DPTUPTBT BVORVF QBHBS QPS VOB
JEFOUJGJDBDJOQSPQPSDJPOBMBHBSBOUBEFPCUFOFSSFTQVFTUBTBUPEBTMBTEVEBT .FJKFS

-B QSFTFSWBDJO EF FTQFDNFOFT FT TJFNQSF UJM Z FO MB QFPS EF MBT IJQUFTJT

QSPQPSDJPOB VOB SFGFSFODJB MPDBM QBSB FGFDUPT EF DPNQBSBDJO -B NBZPSB EF MPT
NBDSPNJDFUPTQVFEFOTFSGDJMNFOUFQSFTFSWBEPTQPSNFEJPEFMTFDBEP )BMMJOH

)BZFTUBOUFTFTQFDJBMFTQBSBIPOHPT *MVTUSBDJO
QFSPQVFEFOTFSJNQSPWJTBEPTFO
MB MPDBMJEBE BEPQUBOEP MPT NUPEPT VTBEPT QBSB TFDBS MBT GSVUBT Z PUSPT QSPEVDUPT
BMJNFOUJDJPT -PT FTQFDNFOFT TFDBEPT QVFEFO TJ FT OFDFTBSJP TFS FOWJBEPT FO VO
TFHVOEP NPNFOUP QBSB TV JOWFTUJHBDJO DJFOUGJDB Z EFCFSBO TFS BDPNQBBEPT QPS
OPUBTEFDBNQPZPGPUPHSBGBTBDPMPS
-BTIFSSBNJFOUBTNPMFDVMBSFTTPODPNONFOUFVTBEBTQBSBJEFOUJGJDBSMPTIPOHPT
QBUHFOPT Z UBNCJO IBO TJEP BQMJDBEBT B MBT FTQFDJFT EF USVGBT QBSB EFUFDUBS DVMFT
EF FTUBT FSBO VUJMJ[BEBT QBSB QSFQBSBS BMJNFOUPT -B BQMJDBDJO QSDUJDB EF FTUBT
IFSSBNJFOUBTQBSBJEFOUJGJDBSZDBSBDUFSJ[BSMPTNBDSPNJDFUPTDPNFTUJCMFTUJFOFUPEBWB
RVFTFSFYQMPSBEB
-04(3610413*/$*1"-&4%&)0/(044*-7&453&4
)BZ NT EF HOFSPT EF NBDSPNJDFUPT RVF DPOUJFOFO FTQFDJFT EF VTP QPQVMBS MB
NBZPSQBSUFEFMBTDVBMFTEFCJEPBTVTQSPQJFEBEFTDPNFTUJCMFT&OFTUFMJCSPTFIBDFVOB
DMBSBEJTUJODJOFOUSFMPTIPOHPTSFHJTUSBEPTTJNQMFNFOUFDPNPiDPNFTUJCMFTuZMPTRVF
FOMBBDUVBMJEBETFDPNFO iBMJNFOUPu
4JJODMVZSBNPTUPEBTMBTFTQFDJFTDPNFTUJCMFT
DPNPiBMJNFOUPuFYBHFSBSBNPTFOPSNFNFOUFFMONFSPEFFTQFDJFTDPOTVNJEBTQPS
MBTQPCMBDJPOFTEFUPEPFMNVOEP-PTIPOHPTTJMWFTUSFTDPOQSPQJFEBEFTNFEJDJOBMFT
TPO UBNCJO WBMPSJ[BEPT QPS MB QPCMBDJO SVSBM EF NVDIPT QBTFT BVORVF FTUP FT EF
JNQPSUBODJBTFDVOEBSJB
-PT HOFSPT NT JNQPSUBOUFT EF )4$ TF EFTDSJCFO FO FM $VBESP DPO CSFWFT
PCTFSWBDJPOFTTPCSFMBTFTQFDJFTNFEJDJOBMFT-PTHOFSPTEF)4$QVFEFOTFSEJWJEJEPT
FOEPTDBUFHPSBTMBTRVFDPOUJFOFOFTQFDJFTRVFTPOBNQMJBNFOUFDPOTVNJEBTZTPO
FYQPSUBEBT B NFOVEP FO HSBOEFT DBOUJEBEFT UBMFT DPNP #PMFUVT Z $BOUIBSFMMVT Z
BRVFMMBT RVF TPO BNQMJBNFOUF DPOTVNJEBT HFOFSBMNFOUF FO QFRVFBT DBOUJEBEFT Z
SBSBNFOUF DVBOEP TVDFEF
DPNFSDJBMJ[BEBT NT BMM EF MBT GSPOUFSBT OBDJPOBMFT &M
"OFYPSFTVNFMBJNQPSUBODJBHFOFSBMEFMPT)4$QPSQBT NJFOUSBTFOMPT"OFYPT
ZTFFOVNFSBOMBTFTQFDJFTJOEJWJEVBMFT
-PTIPOHPTNFEJDJOBMFT
-PTIPOHPTNFEJDJOBMFTFTUOBUSBZFOEPGVFSUFNFOUFFMJOUFSTDJFOUGJDPZDPNFSDJBM
QSPWPDBEP QPS FM QMFOP DPOPDJNJFOUP EFM VTP EF UBMFT NBUFSJBMFT FO MB NFEJDJOB
USBEJDJPOBM DIJOB $VBESP
&M *OUFSOBUJPOBM +PVSOBM PG .FEJDJOBM .VTISPPNT
FNQF[ TV QVCMJDBDJO FO Z FT VOB GVFOUF JNQPSUBOUF EF JOGPSNBDJO EF FTUF
DBNQPEFJOWFTUJHBDJOFOFYQBOTJO 8BTTFSZ8FJT C
7FBFM$BQUVMPQBSB
VMUFSJPSFTEJTDVTJPOFTBDFSDBEFMPTCFOFGJDJPTQBSBMBTBMVEQPSNFEJPEFMDPOTVNPEF
MPTIPOHPTNFEJDJOBMFT
"TQFDUPTDFSFNPOJBMFT
&MQBQFMDFSFNPOJBMPSFMJHJPTPRVFUJFOFOMPTIPOHPTTJMWFTUSFTFOEJGFSFOUFTDVMUVSBT
FTUFTUSFDIBNFOUFBTPDJBEPDPOTVTQSPQJFEBEFTBMVDJOHFOBT&TUPIBBUSBEPNVDIP
JOUFSTFOHFOFSBMZEFTEFFMQVOUPEFWJTUBDJFOUGJDP QBSUJDVMBSNFOUFFO.YJDP %BWJT
3JFEMJOHFS
%FTEFFMQVOUPEFWJTUBHFOFSBM FMVTPEFIPOHPTTJMWFTUSFTFT
EFJNQPSUBODJBNFOPSPJOFYJTUFOUFFOMBNBZPSQBSUFEFMPTQBTFT
-"$0.&45*#*-*%"%:-04)0/(047&/&/0404
.VDIPT NBDSPNJDFUPT OP UJFOFO WBMPS OVUSJUJWP P TJNQMFNFOUF OP TPO DPNFTUJCMFT
&TUPT HSVQPT TJO WBMPS BT EFGJOJEPT QPS TV DBSBDUFSTUJDB EF OP DPNFTUJCJMJEBE
TPO
FOPSNFT DPNQBSBEPT DPO FM NJOTDVMP ONFSP EF FTQFDJFT UYJDBT P WFOFOPTBT EF
MBT DVBMFT FYJTUF VO ONFSP BO NT SFEVDJEP EF FTQFDJFT MFUBMFT 5BNCJO FT DJFSUP
RVFFTUFSFEVDJEPONFSPEFFTQFDJFTMFUBMFTIBNPMEFBEPEFNBOFSBTJHOJGJDBOUFMBT
BDUJUVEFTEFDPOTVNPEFIPOHPTTJMWFTUSFT DSFBOEPCBSSFSBTQPUFODJBMFTBMBFYUFOTJO
EFTVDPNFSDJPFONVDIPTMVHBSFT
&M DPOPDJNJFOUP EFM OPNCSF DJFOUGJDP EF VO IPOHP QSPQPSDJPOB VOB CVFOB
JOEJDBDJOTPCSFTVDPNFTUJCJMJEBE&OBMHVOPTDBTPTFTTVGJDJFOUFFMOPNCSFHFOSJDP
UPEBTMBTFTQFDJFTDPOPDJEBTDPNP$BOUIBSFMMVTTPODPNFTUJCMFT BVORVFOPUPEBTTPO
FYRVJTJUBT
1PSFMDPOUSBSJP MPT"NBOJUBTDPOUJFOFOUBOUPFTQFDJFTEFTBCPSFYRVJTJUP
DPNPFTQFDJFTWFOFOPTBTPNPSUBMFT-BOJDBHVBGJEFEJHOBEFTVDPNFTUJCJMJEBEFT
FM DPOPDJNJFOUP EF RVF BMHVJFO IB DPNJEP VO UJQP QBSUJDVMBS Z IB TPCSFWJWJEP -BT
QSDUJDBTZQSFGFSFODJBTMPDBMFTTPO QPSMPUBOUP PUSBGVFOUFEFJOGPSNBDJOUJM
)BZ JOGPSNFT DPOUSBEJDUPSJPT FO MBT HVBT EF DBNQP TPCSF MB DPNFTUJCJMJEBE
"MHVOBT SFDPNJFOEBO FM DPOTVNP EF FTQFDJFT RVF PUSBT DPOTJEFSBO WFOFOPTBT -B
QPCMBDJOEFMFTUFEF'JOMBOEJB BQSFDJBFMiDIJDIBSSOEFMNPOUFuViIPOHPCPOFUFu
(ZSPNJUSBFTDVMFOUB
DPNPVOCPDBEPFYRVJTJUPVOBWF[RVFIBTJEPDVJEBEPTBNFOUF
DPDJOBEP-BTHVBTEF&TUBEPT6OJEPTZEFPUSPTQBTFTBGJSNBOFOGUJDBNFOUFRVFFTUF
IPOHPFTWFOFOPTPZRVFOPEFCFSBTFSDPNJEP0USPTFKFNQMPTDPOUSBEJDUPSJPTFTUO
FOVNFSBEPTFOFM$VBESP
{$VMFTFTQFDJFTTFDPNFO
-PTJOGPSNFTTPCSFMBTFTQFDJFTDPNFTUJCMFTZWFOFOPTBTTFCBTBOFO
MBTGVFOUFTFOVNFSBEBT
-BQSFDJTJOEFFTUBJOGPSNBDJOSFTJEFFOFTUBTGVFOUFTPSJHJOBMFT
)BTJEPSFHJTUSBEPVOUPUBMEFFTQFDJFTiDPNFTUJCMFTuZEFiBMJNFOUPuFOQBTFT
$VBESP
-BT FTQFDJFT DPNJEBT FO VO QBT P SFHJO HFOFSBMNFOUF EJGJFSFO EF MBT
SFBT WFDJOBT Z FO BMHVOPT DBTPT IBZ DBNCJPT ESTUJDPT FO MB USBEJDJO -B USBEJDJO
NFTPBNFSJDBOBEFDPNFSIPOHPTTJMWFTUSFTWBNTBMMEF.YJDPZMMFHBIBTUBFMFTUF
EF(VBUFNBMBFTJOFYJTUFOUFFOMBNBZPSQBSUFEF)POEVSBTZEF/JDBSBHVB BVORVF
BNCPTQBTFTDPOUJFOFOSFBTEFCPTRVFTRVF UFSJDBNFOUF UPMFSBOMBQSPEVDDJOEF
IPOHPTDPNFTUJCMFT
&MONFSPEFFTQFDJFTDPNJEBTFT BWFDFT TMPVOBGSBDDJOEFUPEBTMBTFTQFDJFT
EJTQPOJCMFT4MPEFFTQFDJFTDPNFTUJCMFTFO"SNFOJBTFDPOTVNFOSFHVMBSNFOUF
/BOBHVZMBO DPNVOJDBDJO QFSTPOBM &EJCMF GVOHJ JO "SNFOJB
&O EPT [POBT
EF5VSRVB FSBOSFDPMFDUBEBTZDPNJEBTTMPEFMBTQPTJCMFTFTQFDJFTDPNFTUJCMFT
:JMNB[ 0EFSF*TJMPHMV
-BTSB[POFTEFFTUPTEJGFSFOUFTNPEFMPTEFVTPOPTPO
TJFNQSFDMBSBT QFSPIBZVOBUFOEFODJBIBDJBVOBNFOPSGSFDVFODJBEFVTPDVBOEPMBT
QPCMBDJPOFTBCBOEPOBOFMDBNQP-BQPCMBDJOSVSBMEF(VBUFNBMBUJFOFVOBBDUJUVE
QPTJUJWB IBDJB FM DPOTVNP EF IPOHPT TJMWFTUSFT RVF MPT IBCJUBOUFT EF MBT DJVEBEFT OP
UJFOFO -PXZ
-BT QFSTPOBT JOTUSVJEBT RVF WJWFO FO MPT QVFCMPT EF .BMBXJ
QJFSEFOMBTGVFSUFTUSBEJDJPOFTMPDBMFTRVFNBOUJFOFOMBTDPNVOJEBEFTSVSBMFTZBEPQUBO
VOBBDUJUVESFDFMPTBDPOMPTIPOHPTTJMWFTUSFT -PXPSFZ#PB

&OQBSUFTEFMB3FQCMJDB6OJEBEF5BO[BOBMPTCPMFUPTTFDPOTJEFSBOWFOFOPTPT
)SLOFO 4BBSJNLJ Z .XBTVNCJ B
&O $PMPNCJB BQBSFOUFNFOUF OP FYJTUF
USBEJDJOEFDPOTVNPEFIPOHPTTJMWFTUSFTFOMBTSFHJPOFTBOEJOBT BVORVFDSFDFOQPS
EPRVJFS 'SBODP.PMBOP "MEBOB(NF[Z)BMMJOH
&M5SJDIPMPNBNBUTVUBLF
FSBEFQPDPJOUFSTDVMUVSBMMPDBMFO4JDIVBO $IJOB 8JOLMFS
BOUFTEFMBEFNBOEB
KBQPOFTBRVFFTUJNVMFMDPNFSDJPEFFYQPSUBDJOBGJOBMFTEFMBEDBEBEFMPTPDIFOUBZ
RVFQBSFDFIBCFSDBVTBEPVONBZPSDPOTVNPBFTDBMBMPDBM6OBDPOUFDJNJFOUPBOMPHP
TVDFEJ FO FM 1BDGJDP /PSPFTUF EF &TUBEPT 6OJEPT DPO FM 5SJDIPMPNB NBHOJWFMBSF
3FEIFBE
&SBSFDPMFDUBEPZDPOTVNJEPQPSMPTDPMPOPTKBQPOFTFTFOMPTBPT
USFJOUB ;FMMFSZ5PHBTIJ
QFSPFOMBBDUVBMJEBETFWFDPOQPDP BWFDFTJOFYJTUFOUF
JOUFST

$6"%30
(OFSPTJNQPSUBOUFTEFIPOHPTTJMWFTUSFTDPODPNFOUBSJPTTPCSFTVTVTPTZTVDPNFSDJBMJ[BDJO
*OGPSNBDJO PCUFOJEB QSJODJQBMNFOUF EF MPT QBTFT FO EFTBSSPMMP 7FB XXXXJMEVTFGVMGVOHJPSH QBSB NBZPSFT EFUBMMFT TPCSF MPT
SFHJTUSPTJOEJWJEVBMFTQPSFTQFDJFTZQPSQBTFTi"MJNFOUPwTJHOJGJDBFMVTPDPOGJSNBEPEFMBTFTQFDJFTiDPNFTUJCMFTwFTVOBDBSBDUFSTUJDB
PCTFSWBEBTJORVFTVDPOTVNPIBZBTJEPOFDFTBSJBNFOUFDPOGJSNBEP&MONFSPUPUBMEFFTQFDJFTDPNFTUJCMFTFOMBTVNBEFBNCPTEBUPT&MiVTPw
TFSFGJFSFBMPTQBTFTEFPSJHFOZOPBMPTEFFYQPSUBDJOi.FEJDJOBMw ANFE
FTVOBQSPQJFEBEDBSBDUFSTUJDBZOPDPOGJSNBFMVTPEFFTQFDJFTQPS
SB[POFTEFTBMVE-BTFTQFDJFTDPNFTUJCMFTQVFEFOUFOFSQSPQJFEBEFTNFEJDJOBMFTZQPSFTPFMUPUBMEFFTQFDJFTFOOFHSJMMBTQVFEFTFSNFOPSRVFMB
TVNBEFMPTVTPTJOEJWJEVBMFT7FBFO-JODPGG
MBEJTUSJCVDJOEFVOHSVQPJNQPSUBOUFEFIPOHPTDPNFTUJCMFTBMSFEFEPSEFMNVOEP
(/&30
/%&
0#4&37"$*0/&4
&41&$*&4 640 :
1301*&%"%&4
"HBSJDVT

BMJNFOUP
DPNFTUJCMF
NFE
"NBOJUB

BMJNFOUP
DPNFTUJCMF
"VSJDVMBSJB
NFE

BMJNFOUP
DPNFTUJCMF
NFE
#PMFUVT

BMJNFOUP
DPNFTUJCMF
NFE
$BOUIBSFMMVT

BMJNFOUP
DPNFTUJCMF
$PSEZDFQT
NFE

{DPNFTUJCMF
NFE
$PSUJOBSJVT

BMJNFOUP
DPNFTUJCMF
-BDDBSJB
NFE

BMJNFOUP
DPNFTUJCMF
-BDUBSJVT
NFE

BMJNFOUP
DPNFTUJCMF
NFE
-FDDJOVN

BMJNFOUP
DPNFTUJCMF
-FOUJOVMB

BMJNFOUP
DPNFTUJCMF
NFE
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP FTDBTBNFOUFSFQPSUBEP

BVORVFTFOPUBVOBQPTJCMFDPOGVTJOFOUSFMBTGVFOUFTTPCSFMBTFTQFDJFTTJMWFTUSFTZMBT
DVMUJWBEBT

-BTFTQFDJFT"HBSJDVTTFSFDPMFDUBOSFHVMBSNFOUFFOTVBNCJFOUFOBUVSBM QFSPTMPTF
FYQPSUBOMBTDVMUJWBEBT"MHVOBTFTQFDJFTTPOWFOFOPTBT"CJTQPSVTFTFMIPOHPDPNFTUJCMF
NBZPSNFOUFDVMUJWBEP"CMB[FJFTVOIPOHPNFEJDJOBMRVFTFFYQPSUBEF#SBTJMB+BQOZTF
DVMUJWBZWFOEFFO$IJOB

-PT"DBFTBSFBTPOBMUBNFOUFWBMPSJ[BEPTFOQBTFTUBMFTDPNP.YJDP 5VSRVBZ/FQBM
1PDBTFTQFDJFTTPODPNFSDJBMJ[BEBTNTBMMEFMBTGSPOUFSBTOBDJPOBMFT)BZVOCVFOONFSP
EFFTQFDJFTWFOFOPTBT-BT"QIBMMPJEFTTPOVOBEFMBTNBZPSFTDBVTBTEFNVFSUFFOFM
NVOEPQPSDPOTVNPEFIPOHPTTJMWFTUSFT

&TVOHOFSPNVOEJBMDPOVOONFSPSFMBUJWBNFOUFCBKPEFFTQFDJFT$POPDJEPT
HFOFSBMNFOUFDPNPiIPOHPTPSFKBw TPOQBSUJDVMBSFT GDJMNFOUFSFDPOPDJCMFTZDPOTVNJEPT
QPSMPTIBCJUBOUFTEFMPTCPTRVFTEF,BMJNBOUBOZQPSMBTDPNVOJEBEFTSVSBMFTFOUPEPT
MPTDPOUJOFOUFT"MHVOBTFTQFDJFTQPTFFOQSPQJFEBEFTNFEJDJOBMFT)BZNBZPSDPNFSDJP
EFFTQFDJFTDVMUJWBEBTBVORVFTFEJTQPOFEFQPDPTEBUPT-BTFTQFDJFTQSJODJQBMFTTPO
""VSJDVMBKVEBF

-BFTQFDJFNTDPOPDJEBFTFM#FEVMJT SFHVMBSNFOUFSFDPMFDUBEBZWFOEJEBZBNQMJBNFOUF
JNQPSUBEBFOZGVFSBEFMDPOUJOFOUFFVSPQFP)BZBMHVOBTFTQFDJFTWFOFOPTBTQFSPQPDPT
BDDJEFOUFTi#PMFUPwFTVOBEFTDSJQDJOHFOFSBMEFVONBDSPNJDFUPDPOUBMMPZQPSPTFOMB
QBSUFJOGFSJPSEFMTPNCSFSP&YJTUFNVDIPUFNPSTPCSFFMDPOTVNPEFCPMFUPTFOFMFTUFZTVS
EFGSJDB

6OHOFSPEJWFSTPZDPTNPQPMJUBDPOVOBHSBODBOUJEBEEFFTQFDJFTUBMFTDPNPFM$DJCBSJVT
&TWFOEJEPFOMPTNFSDBEPTEFNVDIPTQBTFT BWFDFTFONF[DMBTGVODJPOBMFTEFEJGFSFOUFT
FTQFDJFT&OPSNFTDBOUJEBEFTTPOSFDPMFDUBEBTZFYQPSUBEBTFOUPEPFMNVOEP/PUJFOF
FTQFDJFTWFOFOPTBT
&TQFDJFTUJMFT QSJODJQBMNFOUFNFEJDJOBMFT
SFQPSUBEBTEFUSFTQBTFT
&TUBFTQFDJFTFiDPNFwOJDBNFOUFQPSTVTCFOFGJDJPTQBSBMBTBMVE&TSFDPMFDUBEP
JOUFOTBNFOUFFO[POBTEF$IJOBZFONFOPSDBOUJEBEFO/FQBM.VDIBTFTQFDJFTEFTDSJUBT
TPOEFM+BQO QFSPTVVTPMPDBMFTJODJFSUP"MUBNFOUFWBMPSJ[BEPQPSTVTQSPQJFEBEFT
NFEJDJOBMFTZDPNPGVFOUFEFCFOFGJDJPTFDPONJDPTJNQPSUBOUFTQBSBMPTSFDPMFDUPSFT-BT
QSJODJQBMFTFTQFDJFTQSPCBCMFNFOUFTPO$TJOFOTJTZ$.JMJUBSJT
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP USFT FTDBTBNFOUFSFQPSUBEP

"NQMJBNFOUFEJTHSFHBEPTFO&VSPQBZ/PSUFBNSJDBEFCJEPBMBDBVUFMBQPSMBTFTQFDJFT
WFOFOPTBT-BNBZPSQBSUFEFMPTJOGPSNFTTPCSFFMVTPMPDBMFTUOSFTUSJOHJEPTBVOPT
DVBOUPTQBTFT FOUSFPUSPT$IJOB +BQO 'FEFSBDJO3VTBZ6DSBOJB/PTFDPOPDFDPNFSDJP
EFFYQPSUBDJO
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP DVBUSP FTDBTBNFOUFSFQPSUBEP

3FHVMBSNFOUFSFDPMFDUBEBZDPOTVNJEB7FOEJEBBNQMJBNFOUFFOMPTNFSDBEPT/PTFDPOPDF
DPNFSDJPEFFYQPSUBDJO MPRVFOPOPTTPSQSFOEFTJBOBMJ[BNPTTVUBNBPQFRVFPZTV
TBCPSQPDPJOUFSFTBOUF-BFTQFDJFQSJODJQBMFTMB-MBDDBUB

4FSFDPMFDUBOZDPOTVNFODPOGSFDVFODJBNVDIBTFTQFDJFTEJGFSFOUFT-BTFTQFDJFTQSJODJQBMFT
UBMFTDPNPMPT-EFMJDJPTVTTPOBQFUFDJEBTFOPSNFNFOUFZIBZVONFSDBEPJNQPSUBOUF
FO&VSPQB.VDIBTFTQFDJFTDMBWFTPOWFOEJEBTGSFDVFOUFNFOUFFOMPTNFSDBEPTMPDBMFT
4FSFQPSUBQPDBBDUJWJEBEEFFYQPSUBDJOBQFTBSEFTVBNQMJBQPQVMBSJEBE UBMWF[QPSMB
EJWFSTJEBEEFFTQFDJFTRVFPGSFDF
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFPDIPQBTFTDPNPBMJNFOUP EPT
.VZSFDPMFDUBEPTZDPOTVNJEPT DPOQPDPDPNFSDJPGVFSBEFMBTGSPOUFSBT-BFTQFDJFQSJODJQBM
FTMB-4DBCSVN1PTJCMFTFYQPSUBDJPOFTEFTEFMPTCPTRVFTEFQJOPTUSPQJDBMFT QFSPTPOQPDP
DPOPDJEPT
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFTFJTQBTFTDPNPBMJNFOUP DVBUSP
-FOUJOVMBFEPEFTFTMBFTQFDJFQSJODJQBM -FOUJOVTFEPEFT
NFKPSDPOPDJEBDPNPTIJJUBLF
DVMUJWBEBFONVDIPTQBTFTZEFJNQPSUBODJBDPNFSDJBM DFSDBEFMEFMUPUBMDVMUJWBEP
-PT
TIJJUBLFTDVMUJWBEPTTPOFYQPSUBEPT
-FOUJOVT

BMJNFOUP
DPNFTUJCMF
-ZDPQFSEPO
NFE

BMJNFOUP
DPNFTUJCMF
.BDSPMFQJPUB
NFE

BMJNFOUP
DPNFTUJCMF
.PSDIFMMB
NFE

BMJNFOUP
DPNFTUJCMF
1MFVSPUVT
NFE

BMJNFOUP
DPNFTUJCMF
1PMZQPSVT
NFE

BMJNFOUP
DPNFTUJCMF
3BNBSJB
NFE

BMJNFOUP
DPNFTUJCMF
3VTTVMB
NFE

BMJNFOUP
DPNFTUJCMF
NFE
4VJMMVT

BMJNFOUP
DPNFTUJCMF
5FSGF[JB
NFE

BMJNFOUP
DPNFTUJCMF
5FSNJUPNZDFT

BMJNFOUP
DPNFTUJCMF
NFE
5SJDIPMPNB

BMJNFOUP
DPNFTUJCMF
NFE
5VCFS USVGBT

BMJNFOUP
DPNFTUJCMF
7PMWBSJFMMB

BMJNFOUP
DPNFTUJCMF
NFE

&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP PDIP FTDBTBNFOUFSFQPSUBEP

4FSFDPMFDUBOZDPOTVNFOMPDBMNFOUFNVDIBTFTQFDJFTEJGFSFOUFT QFSPTMPEPTPUSFTEFFMMBT
TPOJNQPSUBOUFT-BFTQFDJFQSJODJQBMFTQSPCBCMFNFOUFFM-UVCFSSFHJVN WBMJPTPQPSTVT
QSPQJFEBEFTNFEJDJOBMFT$PNFSDJPEFFYQPSUBDJOQPDPPJOFYJTUFOUF
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP TJFUF FTDBTBNFOUFSFQPSUBEP

)BZNVDIPTSFHJTUSPTEFFTQFDJFTEFVTPDPNFTUJCMF QFSPMPTJOGPSNFTUQJDPTTPOEF
SFDPMFDDJOZVTPFOQFRVFBFTDBMB-PTOJDPTNFSDBEPTDPOPDJEPTFTUOFO.YJDP-BT
FTQFDJFTQSJODJQBMFTTPO-QZSJGPSNFZ-QFSMBUVN
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP OVFWF FTDBTBNFOUFSFQPSUBEP

.QSPDFSBFTMBFTQFDJFQSJODJQBMZNBZPSNFOUFSFHJTUSBEBFOVOPTQBTFTEFUPEPT
MPTDPOUJOFOUFT4FDPOTVNFFOMBMPDBMJEBEZTVNFSDBEPFTGVOEBNFOUBMNFOUFMPDBMZFO
QFRVFBFTDBMB

(OFSPBMUBNFOUFWBMPSJ[BEPDPONVDIBTFTQFDJFTRVFDSFDFOFOBCVOEBODJBEVSBOUF
BMHVOPTBPTZTPOVOBGVFOUFQSJODJQBMEFCFOFGJDJPTFDPONJDPT QPSTVTFYQPSUBDJPOFT
IBDJBWBSJPTQBTFT
/PTJFNQSFTFDPOTVNFOFOMPTQBTFTEFSFDPMFDDJO-BFTQFDJFQSJODJQBM
FTMB.FTDVMFOUB

-BFTQFDJFQSJODJQBMFTMB10TUSFBUVTFOUSNJOPTEFDBOUJEBEDPOTVNJEB QSJODJQBMNFOUF
EFDVMUJWBDJO0USBTFTQFDJFTTFDPOTJEFSBONTTBCSPTBT$SFDFOFOWBSJPTBNCJFOUFTZTPO
SFDPMFDUBEBTSFHVMBSNFOUFBVORVFSBSBTWFDFTTFDPNFSDJBMJ[BOMBTFTQFDJFTTJMWFTUSFT
&TQFDJFTDPNFTUJCMFTZNFEJDJOBMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUPPNFEJDJOB TJFUF
.VDIBTFTQFDJFTTPOVTBEBTZDPNJEBTDPOSFHVMBSJEBEQFSPTPOSFMBUJWBNFOUFEFNFOPS
JNQPSUBODJB"MHVOBTTPODVMUJWBEBT4MPVOSFHJTUSPDPOPDJEPEFWFOUBFOFMNFSDBEP
QSPWFOJFOUFEF/FQBM/PTFDPOPDFDPNFSDJPJOUFSOBDJPOBM
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP TJFUF
)BZNVDIPTSFHJTUSPTEFTVVTPMPDBM/PSNBMNFOUFWFOEJEPTFONFSDBEPTFO/FQBM .YJDP
ZPUSPTMVHBSFT.VDIBTFTQFDJFTJNQPSUBOUFTQFSP UBMWF[ MB3CPUSZUJTFTMBNBZPSNFOUF
SFDPMFDUBEBZVTBEB"MHVOBTFTQFDJFTTPOWFOFOPTBT PUSBTUJFOFOQSPQJFEBEFTNFEJDJOBMFT

&TVOPEFMPTHOFSPTNTBNQMJBNFOUFEJGVOEJEPTZDPOTVNJEPRVFDPOUJFOFNVDIBT
FTQFDJFTDPNFTUJCMFT5JFOFUBNCJOWBSJFEBEFTWFOFOPTBT MBNBZPSQBSUFEFMBTDVBMFT
QVFEFOTFSDPNJEBTEFTQVTEFIBCFSTJEPDPDJEBT3FHVMBSNFOUFWFOEJEPFONFSDBEPTQFSP
TVTOPNCSFTFTQFDGJDPTOPIBOTJEPSFHJTUSBEPTTJFNQSF(OFSPEFPSJHFOUSPQJDBM&OUSFTVT
FTQFDJFTQSJODJQBMFTUFOFNPT3EFMJDBZ3WJSFTDFOT
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP FTDBTBNFOUFSFHJTUSBEP

-BFTQFDJFQSJODJQBMFT4MVUFVT FYQPSUBEPEF$IJMF&M4HSBOVMBUVTFTFMNTBNQMJBNFOUF
SFHJTUSBEPBVORVFTVVTPDPNPBMJNFOUPFTMJNJUBEP.VDIBTPUSBTFTQFDJFTTPOSFDPMFDUBEBT
ZDPNJEBTDPOGSFDVFODJBZWBSJBTWFOEJEBTFOMPTNFSDBEPTNFKJDBOPT
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFPDIPQBTFTDPNPBMJNFOUPFODVBUSP
-BTiUSVGBTEFMEFTJFSUPwDSFDFOBNQMJBNFOUFFOFMOPSUFEFGSJDBZBMHVOBT[POBTEF"TJB
4FDPOTJEFSBOJNQPSUBOUFTQFSPTFIBFODPOUSBEPQPDBJOGPSNBDJOTPCSFTVDPNFSDJPP
WFOUBFOFMNFSDBEP

6OHOFSPBMUBNFOUFFTUJNBEP4FDPOTVNFFOHSBOEFTDBOUJEBEFTNVDIBTFTQFDJFTQPSTV
BMUPWBMPSOVUSJUJWP3FDPMFDUBEPTQSJODJQBMNFOUFFOUPEBGSJDB6TBEPTBNQMJBNFOUFFO"TJB
QFSPNFOPTEPDVNFOUBEPT&OUSFMBTFTQFDJFTQSJODJQBMFTUFOFNPT5DMZQFBUVT 5NJDSPQPSVT
Z5TUSJBUVT&TWFOEJEPFOMPTNFSDBEPTZBPSJMMBTEFMPTDBNJOPTEFQFOFUSBDJOZFTVOB
CVFOBGVFOUFEFCFOFGJDJPTFDPONJDPT

-BFTQFDJFNTJNQPSUBOUFFTFM5NBUTVUBLF QPSMBTDBOUJEBEFTSFDPMFDUBEBTZQPSTVWBMPS
GJOBODJFSP$IJOB MBTEPT$PSFBTZMB'FEFSBDJO3VTBTPOMPTNBZPSFTFYQPSUBEPSFTIBDJB
+BQO&M1BDGJDPOPSPFTUFEFMPT&&66 .BSSVFDPTZ.YJDPFYQPSUBOFTQFDJFTSFMBDJPOBEBT
QFSPTMPEFMQSJNFSPFODBOUJEBEFTJNQPSUBOUFT"MHVOBTFTQFDJFTTPOWFOFOPTBTTJTFDPNFO
DSVEBT PUSBTJODMVTPDPDJOBEBTTPOWFOFOPTBT*HOPSBEPPTVCFTUJNBEPFOWBSJPTQBTFTBOUFT
EFMBTPQPSUVOJEBEFTEFFYQPSUBDJO QPSFKFNQMP #IVUO .YJDP 0BYBDB


$POUJFOFFTQFDJFTEFBMUTJNPWBMPSZNVZDPEJDJBEBTQBSBMBDPDJOBHBTUSPONJDB QFSP
EFCBKTJNBJNQPSUBODJBQBSBMBTDPNVOJEBEFTQPCSFTEFM4VS)BZJOUFSTFOMBHFTUJOEF
MBTUSVGBTFO5VSRVB4FIBOBQMJDBEPQSJODJQJPTDJFOUGJDPTFOTVHFTUJOZTFIBOJOJDJBEP
FTRVFNBTEFYJUPFO*UBMJB 'SBODJB &TQBBZ/VFWB;FMBOEB-BTiGBMTBTUSVGBTwDPNQSFOEFO
PUSPTHOFSPT FOUSFMPTDVBMFT5JSNBOJB 3IJ[PQPHPO 5FSGF[JB
&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP TJFUF FTDBTBNFOUFSFQPSUBEP
BVORVFFYJTUFVOBQPTJCMFDPOGVTJOFOUSFMBTFTQFDJFTEFPSJHFOTJMWFTUSFZMBTDVMUJWBEBT

-BFTQFDJFQSJODJQBMFT7WPMWBDFB"NQMJBNFOUFDVMUJWBEBZWFOEJEBFOMPTNFSDBEPTMPDBMFT
QFSPUBNCJOSFDPMFDDJPOBEBFOTVICJUBUOBUVSBM

$6"%30
)POHPTDPOJOGPSNFTDPOGMJDUJWPTTPCSFTVDPNFTUJCJMJEBE
/0.#3&$*&/5'*$0
0#4&37"$*0/&4
"HBSJDVTBSWFOTJT
3FQPSUBEPGVOEBNFOUBMNFOUFDPNPDPNFTUJCMFZDPOTVNJEPFO.YJDPTF
EJDFUBNCJORVFFTVOJSSJUBOUFHBTUSPJOUFTUJOBM -JODPGGZ.JUDIFM

"HBSJDVTTFNPUVT
4FDPOTJEFSBDPNFTUJCMFFO)POH,POH $IBOHZ.BP

PUSBTGVFOUFTMP
DPOTJEFSBOWFOFOPTP 3BNNFMPPZ8BMMFZO

"NBOJUBTQJTTB
7BSJPTJOGPSNFTBGJSNBORVFQVFEFTFSDPNJEP BVORVFFOOJOHVOPTFMFEB
FMTUBUVTEFiBMJNFOUPw
JHVBMONFSPEFJOGPSNFTMPDPOTJEFSBOWFOFOPTP
QPSFKFNQMP $IBOHZ.BP
"NBOJUBGMBWPDPOJB
7FSTJPOFTDPOGMJDUJWBTEFTEF.YJDPVOJOGPSNFMPDPOTJEFSBDPNFTUJCMF PUSP
WFOFOPTP
"NBOJUBHFNNBUB
$BUBMPHBEPDPNPDPNFTUJCMFFO.YJDPZ$PTUB3JDB QFSPJNQMJDBEPFOVO
DBTPEFFOWFOFOBNJFOUPFO(VBUFNBMB -PHFNBOOFUBM

#PMFUVTDBMPQVT
$PNFTUJCMFFOFMMFKBOPFTUFEF3VTJB 7BTJMFWB

DPOTJEFSBEPWFOFOPTP
FO&TMPWFOJB XXXNBULVSKBDPN
ZFOPUSBTHVBTEFDBNQP
$IMPSPQIZMMVNNPMZCEJUFT
.VDIPTJOGPSNFTDPOGJSNBORVFFTVOBFTQFDJFWFOFOPTBQFSPUBNCJOTF
DPOTJEFSBDPNFTUJCMFFO.YJDP 7JMMBSSFBMZ1SF[.PSFOP
Z#FOJO %F
,FTFM $PEKJBZ:PSPV
%FGDJMDPOGVTJODPOMB.BDSPMFQJPUBQSPDFSB
VOBFTQFDJFDPNFTUJCMFCBTUBOUFDPOPDJEB
$PQSJOVTBGSJDBOVT
$PNJEPFO/JHFSJB 0TP

PUSPTJOGPSNFTMPDPOTJEFSBOWFOFOPTPFO
GSJDB 8BMMFZOZ3BNNFMPP

$PQSJOVTBUSBNFOUBSJVT
$PNFTUJCMFTMPFOBVTFODJBEFBMDPIPMQSPEVDFFGFDUPTEFTBHSBEBCMFTTJFT
DPOTVNJEPNJFOUSBTTFJOHJFSFBMDPIPM MPRVFJOEJDBRVFFTQPUFODJBMNFOUF
WFOFOPTP -JODPGGZ.JUDIFM

(ZSPNJUSBFTDVMFOUB
&O'JOMBOEJBFTDPOTJEFSBEPVOBFYRVJTJUF[ )SLOFO

ZUBNCJOFT
BNQMJBNFOUFDPOTVNJEPFOMB'FEFSBDJOEF3VTJBZSFHJPOFTBMFEBBT&O
PUSPTQBTFTTFDPOTJEFSBWFOFOPTPZQVFEFNBUBSTJFTDPOTVNJEPDSVEP
)BMMFUBM B
-BTQSPQJFEBEFTUYJDBTTFQVFEFONJUJHBSQPSNFEJPEF
VOBQSFQBSBDJOBEFDVBEBBOUFTEFTVDPOTVNP
(ZSPNJUSBJOGVMB
$PNJEPFO.YJDP XXXTFNBSOBUHPCNY
QFSPUBNCJOSFQPSUBEPDPNP
WFOFOPTP -JODPGGZ.JUDIFM

)FMWFMMBMBDVOPTB
"NQMJBNFOUFDPOTVNJEPQFSPUBNCJOSFQPSUBEPDPNPUYJDPTJDPOTVNJEP
DSVEP -JODPGGZ.JUDIFM

-BDUBSJVTQJQFSBUVT
.VDIPTJOGPSNFTMPDPOTJEFSBODPNFTUJCMFZFTDPOGJSNBEPDPNPBMJNFOUP
FO5VSRVB $BHMBSJSNBL 6OBMZ0UMFT
QFSPUBNCJODPOTJEFSBEP
WFOFOPTPFO$IJOB -JVZ:BOH

-BDUBSJVTUPSNJOPTVT
.VDIPTJOGPSNFTMPDPOTJEFSBODPNFTUJCMF QFK.BMZJ

PUSPTMP
DPOTJEFSBOWFOFOPTP )BMMFUBM B

-BNQUFSPNZDFTKBQPOJDVT
$BVTBDPNOEFFOWFOFOBNJFOUPFO+BQO )BMMFUBM B

1FSPQPTFF
UBNCJOQSPQJFEBEFTNFEJDJOBMFT )PCCT

-FO[JUFTFMFHBOT
$POTVNJEPFOMB3FQCMJDB6OJEBEF5BO[BOB 3BNNFMPPZ8BMMFZO

QFSPUBMWF[WFOFOPTPFOMB3FQCMJDB%FNPDSUJDBEFM$POHP 8BMMFZOZ
3BNNFMPP

-FQJPUBDMZQFPMBSJB
$PNFTUJCMFFO.YJDPZFOMB3FHJO"ENJOJTUSBUJWB&TQFDJBMEF)POH,POH
$IJOB QFSPFTUBNCJODPOTJEFSBEPWFOFOPTP
.PSDIFMMBFTDVMFOUB
$PNPMPTEFNTIPOHPTDPMNFOJMMBTFDPOTJEFSBWFOFOPTPTJFTDPOTVNJEP
DSVEP -JODPGGZ.JUDIFM
$PNFTUJCMFZFYRVJTJUPDVBOEPDPDJOBEP
1BYJMMVTJOWPMVUVT
"NQMJBNFOUFDPOTJEFSBEPWFOFOPTPQFSP FOFMMFKBOPPSJFOUFSVTP
7BTJMFWB
TFEJDFRVFQVFEFTFSDPNJEPEFTQVTEFVOBBEFDVBEB
QSFQBSBDJO
1IBMMVTJOEVTJBUVT
3FQPSUBEPDPNPDPNFTUJCMF #PVSJRVFU

ZWFOFOPTP 8BMMFZOZ
3BNNFMPP
BNCPTJOGPSNFTTPOEF.BEBHBTDBS
1PEBYJTQJTUJMMBSJT
3FQPSUBEPDPNPDPNFTUJCMFEFTEF*OEJBIBTUB1BLJTUO #BUSB

$POTJEFSBEPWFOFOPTPFO/JHFSJB 8BMMFZOZ3BNNFMPP
QSPQJFEBEFT
NFEJDJOBMFT )PCCT

3BNBSJBGPSNPTB
$PNFTUJCMFFO/FQBM "EIJLBSJZ%VSSJFV

QFSPDPOTJEFSBEPWFOFOPTP
FONVDIPTPUSPTQBTFT JODMVZFOEP#VMHBSJB *PSEBOPW 7BOFWZ'BLJSPWB

3VTTVMBFNFUJDB
*OEJTDVUJCMFNFOUFWFOFOPTPTJDPNJEPDSVEPQFSPDPOTJEFSBEPDPNFTUJCMFFO
.YJDP ;BNPSB.BSUOF[ "MWBSBEPZ%PNOHVF[
ZFOFMPSJFOUFSVTP
7BTJMFWB

4USPQIBSJBDPSPOJMMB
3FQPSUFTDPOGMJDUJWPTFO.YJDPTFDPOTJEFSBDPNFTUJCMF 7JMMBSSFBMZ1SF[
.PSFOP
ZWFOFOPTP "SPDIFFUBM

4VJMMVTQMBDJEVT
$POTJEFSBEPDPNFTUJCMF 7BTJMFWB

ZWFOFOPTP $IBOHZ.BP

5SJDIPMPNBQFTTVOEBUVN
$PNFTUJCMFFO)POH,POH $IBOHZ.BP

QFSPFM5QFTTVOEBUVN
WBSJFEBE.POUBOVNFTDPOTJEFSBEPWFOFOPTPFODVBMRVJFSPUSPMBEP -JODPGG
Z.JUDIFM

5SJDIPMPNBTVMQIVSFVN
5PEPTMPTSFHJTUSPTMPDPOTJEFSBOWFOFOPTPNFOPTVOBWFSTJOEF*OEJBRVFMP
DPOTJEFSBDPNFTUJCMF 1VSLBZBTUIBZ$IBOESB

-BTFTQFDJFTWFOFOPTBT
6OBOMJTJTEFMPTFQJTPEJPTEFFOWFOFOBNJFOUPFOMBTQVCMJDBDJPOFTPGJDJBMFTFJOGPSNBMFT
NVFTUSBRVFMBGSFDVFODJBEFUBMFTFWFOUPTZTVFGFDUPFOMPTTFSFTIVNBOPTFTNFOPSEF
MPRVFTVHJFSFMBQVCMJDJEBEBMSFTQFDUP -PHFNBOOFUBM
%VSBOUFMBCTRVFEBEF
JOGPSNBDJOTPCSFMPT)4$ GVFSPOOPUBEBTVOBTFTQFDJFTWFOFOPTBT-BNBZPSBEF
FTUBTFTUOSFMBDJPOBEBTDPOMBTFTQFDJFTDPNFTUJCMFTPTFDPOGVOEFODPOTUBT)BZ QPS
TVQVFTUP VOQFMJHSPSFBMFOMBSFDPMFDDJOZDPOTVNPEFIPOHPTWFOFOPTPT TJUVBDJO
RVF EFCFSB TFS BOBMJ[BEB DPNQBSOEPMB DPO FM BNQMJP PSJHFO EF NJMMPOFT EF QFSTPOBT
RVFSFDPMFDUBOZDPOTVNFOIPOHPTTJMWFTUSFTEFGPSNBTFHVSBZDPOGSFDVFODJB
.VDIBT FTQFDJFT QPQVMBSFT DPNFTUJCMFT Z BMUBNFOUF BQFUFDJCMFT TPO WFOFOPTBT
DVBOEP FTUO DSVEBT 1PDBT QFSTPOBT MBT DPNFO FO FTUBT DPOEJDJPOFT Z FM SJFTHP EF
FOWFOFOBNJFOUP FT SFBMNFOUF CBKP -PT IPOHPT WFOFOPTPT DBNCJBO FO TVT FGFDUPT
EFTEF NBMFTUBSFT FTUPNBDBMFT Z QSPCMFNBT EJHFTUJWPT IBTUB EBPT BM PSHBOJTNP -BT
TPMVDJPOFT B FTUPT SJFTHPT QPTJCMFT JODMVZFO FM TVNJOJTUSP EF DPOTFKPT FO MB MPDBMJEBE
TPCSFDVBMFTFTQFDJFTSFDPMFDUBSZDVBMFTFWJUBS *MVTUSBDJO
ZDBNQBBTQVCMJDJUBSJBT
RVF FWJEFODJFO MBT FTQFDJFT WFOFOPTBT QPTJCMFNFOUF QPS NFEJP EF BGJDIFT &M 4S
4BCJUJ'JEFT VOWFOEFEPSEF.BMBXJ FGFDUVVOBEFNPTUSBDJONVZUSBORVJMJ[BEPSB
DPNJFOEPIPOHPTEJSFDUBNFOUFFOGSFOUFEFTVTDPNQSBEPSFT 3FDVBESP

&O 4VEGSJDB MPT WFOEFEPSFT BNCVMBOUFT PGSFDFO TPMBNFOUF MBT iFTQFDJFT TFHVSBTu
3ZWBSEFO 1JFBSDFZ.BTVLB
ZMBNBZPSQBSUFEFMPTNFSDBEPTTPOVOBGVFOUF
TFHVSBEFJOGPSNBDJOTPCSFMPT)4$1VFEFOTVSHJSQSPCMFNBTDPOMBiDPOUBNJOBDJOu
FOMPTNFSDBEPTQFSPUBMFTBDDJEFOUFTTPOSBSTJNPT WBTFFM$VBESP

'JOMBOEJBIBDBQBDJUBEPBTVQFSWJTPSFTNJDMPHPTRVFDVCSFOUPEBTMBTSFBTSVSBMFT
)SLOFO )SLOFOZ+SWJOFO
&O/PSVFHB MBiQPMJDBTWBNQu DVFSQP
EF JOGPSNBDJO Z QSPUFDDJO QBSB MPT DJVEBEBOPT BNBOUFT EF MPT IPOHPT
VCJDBEB
FO BMHVOPT DFOUSPT SFTJEFODJBMFT BZVEB B MPT SFDPMFDUPSFT B JEFOUJGJDBS MBT FTQFDJFT
DPNFTUJCMFTZIBZQSPZFDUPTBOMPHPTFOPUSPTQBTFT
-PTFOWFOFOBNJFOUPTFTUOBTPDJBEPTDPOBMHVOPTFWFOUPT
x /JPTQFRVFPTRVFSFDPMFDUBOJOEJTDSJNJOBEBNFOUFZDPNFOIPOHPTDSVEPT
3&$6"%30
i4JDPNPFTUFCPXBTJHOJGJDBRVFFTQFSGFDUPQBSBMBWFOUBuMFDDJOEFNPTUSBUJWB
EFM4S4BCJUJ'JEFT VODPNFSDJBOUFEF.BMBXJ
)BCBNPTFTUBEPCVTDBOEPVOUQJDPJOUFSNFEJBSJPPNBZPSJTUBEFiCPXBTuZGVFBTRVFDPOPDJNPT
BM4S4BCJUJ'JEFTBQFOBTMPTWJNPT OPOPTQBSFDJUBOiUQJDPuDPNPFTQFSCBNPT QFSPFTUBBWFOUVSB
TF SFWFM FYDFQDJPOBM FSB FM #08"4 &NQF[ DPNQSBOEP CPXBT FO
.BDIJOHBZMMFWOEPMPTB;PNCBQBSBSFWFOEFSMPTFOMBUFNQPSBEB1FOTBCBFOMBGPSNBEF
HBOBSTFBMHPEFEJOFSPQBSBBZVEBSTFFOFMNBOUFOJNJFOUPEFTVGBNJMJB0CTFSWBCBRVFBGJOBMFTEFMB
KPSOBEB FOMPTQVFTUPTJNQSPWJTBEPTBMPMBSHPEFMPTDBNJOPTEFQFOFUSBDJO TFRVFEBCBOTJOWFOEFS
CVFOBTDBOUJEBEFTEFCPXBT&OUPODFTEFDJEJDPNQSBSMBTZMMFWBSMBTB;PNCB
1BSB MPHSBS WFOEFS TV QSPEVDUP DBNJOBCB FO MBT SFBT SFTJEFODJBMFT UBMFT DPNP MB FTDVFMB EF
FOUSFOBNJFOUP QBSB QPMJDBT MPT CBSSBDPOFT FM $IBODFMMPS $PMMFHF Z MPT TVCVSCJPT UBMFT DPNP
.QPOEB #XJOPZ$IJLBOEB WFOEJFOEPEFDBTBFODBTB"MQSJODJQJPFODPOUSRVFMBTBNBTEFDBTB
EFTDPOGJBCBOQFOTBOEPRVF UBMWF[ QPESBOTFSIPOHPTWFOFOPTPTPOPCVFOPT1BDJFOUFNFOUFJCBB
FNQF[BSBDPOWFODFSBMPTDPNQSBEPSFT QSJODJQBMNFOUFNVKFSFT
BQSPCBSMPT DPNJOEPMPTMNJTNP
EFMBOUF EF TVT DMJFOUFT QBSB EFNPTUSBS RVF OP FSBO WFOFOPTPT %F FTUF NPEP MB WF[ TJHVJFOUF MPT
EFNTQPUFODJBMFTDPNQSBEPSFTJCBOBOPUBSRVFMBTQFSTPOBTRVFIBCBODPNQSBEPIPOHPTHP[BCBO
EFCVFOBTBMVEZTFJCBOBEFDJEJSDPNQSBSFMMPTUBNCJO1PDPBQPDPGVFDPOTUSVZOEPTFVOHSVQP
EFDPNQSBEPSFTGJFMFTRVF BMGJOBM DPNQSBCBOTJOGBMMBS
CPXBIPOHPTJMWFTUSFDPNFTUJCMF
'VFOUF-PXPSFZ#PB

$6"%30
&QJTPEJPTEFFOWFOFOBNJFOUPTFOHSBOFTDBMBDBVTBEPTQPSFMDPOTVNPEFIPOHPTTJMWFTUSFT
$)*/"

5PUBM
10-0/*"
/%&
/%&
.6&35&4
&/7&/&/"%04

-BHFOUFDPNQSiIPOHPTWFOFOPTPTwFOVONFSDBEP*OGPSNFEFMCVSTBOJUBSJP
EFMDPOEBEPEF:POHLJV QPSNFEJPEFXXXIDMJOGJOFUDPN

/%&
/%&
.6&35&4
&/7&/&/"%04

5PUBM
'&%&3"$*/
%&364*"
0#4&37"$*0/&4
$POEBEPEF/JOHIVB QSPWJODJBEF'VKJBOH -JVZ:BOH

FQJTPEJPT
SFQPSUBEPT%FMBTFTQFDJFTDPOPDJEBTDPNPWFOFOPTBT TPO3VTTVMBTP
"NBOJUBT'VKJBOHUFOBVOBQPCMBDJOEFNJMMPOFTEFIBCJUBOUFTFO
0#4&37"$*0/&4
OT
5PEPTOJPTZBTPDJBEPTQSJODJQBMNFOUFBMDPOTVNPEF"NBOJUBQIBMMPJEFT
4VDFEJEPFO1P[OBO -JODPGGZ.JUDIFM
oEFVOBWFSTJOEF4JNPOT

$POTVNPEF$PSUJOBSJVTPSFMMBOVT -BNQFZ"NNJSBUJ

%FVOFTUVEJPEFFQJTPEJPTTVDFEJEPTEVSBOUFVOQFSPEPEFEJF[BPT-PT
QSJODJQBMFTFOWFOFOBNJFOUPTZNVFSUFTGVFSPODBVTBEPTQPSFMDPOTVNPEF
$PSUJOBSJVTPSFMMBOVT (ZSPNJUSBFTDVMFOUB NVFSUFTFOWFOFOBNJFOUPT

ZQSJODJQBMNFOUF"NBOJUBQIBMMPJEFT NVFSUFTFOWFOFOBNJFOUPT

-JODPGGZ.JUDIFM
CBTBEPFO(S[ZNBMB

/%&
/%&
.6&35&4
&/7&/&/"%04
0#4&37"$*0/&4

OT

%F1SBWEB EFNBZPEF&TUBCSFWFOPUJDJBEJDFRVFMPTFQJTPEJPT
PDVSSJFSPOQSJODJQBMNFOUFFO3VTJBDFOUSBM
B
OT

5BNCJOEF1SBWEB EFNBZPEF ZUBNCJOFTUBWF[MPTFQJTPEJPT

PDVSSJFSPOFO3VTJBDFOUSBM
C
D
D
"SUDVMPEF-PT"OHFMFT5JNFT EFKVMJPEF EJDFRVFiVOJOVTVBMBMUP

ONFSPEFNVFSUFTwGVFSFQPSUBEPQPSMBTBVUPSJEBEFTMPDBMFTFO#FMHPSPE
7PSPOF[IZ7PMHPHBE0CMBTUT'VFSPOBTPDJBEPTBMDPOTVNPEF"NBOJUB
QIBMMPJEFTQFSPQVFEFOFTUBSJOWPMVDSBEBTPUSBTFTQFDJFT-BQPMJDBQBUSVMMMPT
CPTRVFTQBSBEFTBMFOUBSMBSFDPMFDDJOZDPOUSPMMPTDFTUPTEFMPTSFDPMFDUPSFT

5PUBM
6$3"/*"

/%&
/%&
.6&35&4
&/7&/&/"%04
"SUDVMPEF-PT"OHFMFT5JNFT EFBHPTUPEF4VDFEJBVOBTNJMMBTEF
.PTD/PTFUJFOFOPUJDJBTEFMBFTQFDJFEFIPOHPTJOWPMVDSBEPT
0#4&37"$*0/&4

"SUDVMPEF-PT"OHFMFT5JNFT EFBHPTUPEF-BTFTQFDJFTSFTQPOTBCMFTEFM
FQJTPEJPOPGVFSPONFODJPOBEBT

OT
"TTPDJBUFE1SFTT GFDIBEFTDPOPDJEB XXXHFPDJUJFTDPN:PTFNJUF5SBJMT

OT
*EFN

OT
5PUBM

*EFN

OToOPTFBMBEP
4VNBDBMDVMBEBVTBOEPVOBSFMBDJOFTUJNBEBEFEJF[FOWFOFOBNJFOUPTQPSDBEBQFSTPOBRVFNVFSF TVNBEBTFOMPTBPTFOMPT
DVBMFTIVCPNVFSUPTQFSPOPGVFTFBMBEPFMONFSPEFQFSTPOBTFOWFOFOBEBTZRVFTFSFTUBCMFDJFSPO
x *ONJHSBOUFT RVF MMFHBO B VO OVFWP QBT F JEFOUJGJDBO FSSOFBNFOUF VOB FTQFDJF
MPDBM RVFTFSFWFMBWFOFOPTB
x &TDBTF[ZEJGJDVMUBEFTFDPONJDBTRVFPCMJHBOBMBHFOUFBSFCVTDBSBMJNFOUPT
x %JGFSFOUFTSFTQVFTUBTGJTJPMHJDBTBVOiIPOHPDPNFTUJCMFu
-PTNFKJDBOPTRVFWJWFOFO$BMJGPSOJBIBODPNJEPMPT"NBOJUBQIBMMPJEFT VOBFTQFDJF
WFOFOPTB RVF OP TF FODVFOUSB FO TVT MPDBMJEBEFT EF PSJHFO DPOGVOEJOEPMPT DPO MPT
7PMWBSJFMMBWPMWBDFB *MVTUSBDJO
-BHVBEFIPOHPTDPNFTUJCMFTFO*TSBFMGVFFTDSJUB
FOIFCSFPZFOSVTP 8BTTFS
DPNPSFTVMUBEPEFMBMMFHBEBEFNTEFVONJMMO
EFSVTPTFOMPTBPTOPWFOUBZEFTVGVFSUFUSBEJDJOEFSFDPMFDDJOEF)4$6OSVTP
TFFOWFOFOBMDPOGVOEJSVOBFTQFDJFWFOFOPTBDPOVOBDPNFTUJCMFEFTVQBTEFPSJHFO
)B[BOJ 5BJUFMNBOZ4BTIB
0USPTJOGPSNFTTVHJFSFOVOBDJFSUBJNQSVEFODJBFOUSF
MPTSVTPTBMFTDPHFSDVBMFTFTQFDJFTSFDPMFDUBSZDPNFS .BUTVL

"MHVOBT QPCMBDJPOFT DPNFO -BFUJQPSVT TVMQIVSFVT TJO OJOHVOB DPOTFDVFODJB
NJFOUSBTPUSBTFOGFSNBO-BTFYQMJDBDJPOFTEBEBTBGJSNBORVFMBTSFTQVFTUBTGJTJPMHJDBT
EFMPTJOEJWJEVPTTPOEJWFSTBTQFSPQPESBIBCFSUBNCJOEJWFSTBTWBSJFEBEFTEFIPOHPT
RVFQSFTFOUBOEJGFSFODJBTFOTVDPNQPTJDJORVNJDB4FDPOPDFQPDPTPCSFFTUFSBTHP
QBSUJDVMBSEFMBTFTQFDJFTWFOFOPTBTPQPUFODJBMNFOUFWFOFOPTBT
&O FM $VBESP PGSFDFNPT VO SFTVNFO EF MPT FQJTPEJPT GVFSUFNFOUF QVCMJDJUBEPT
EF FOWFOFOBNJFOUP HFOFSBMJ[BEP )B IBCJEP VO JODSFNFOUP TPSQSFOEFOUF EF
FOWFOFOBNJFOUPT Z NVFSUFT FO 6DSBOJB FO MPT MUJNPT EJF[ BPT 4F IBO EBEP WBSJBT
FYQMJDBDJPOFT JODMVZFOEPVOCBKOFOMBTJUVBDJOFDPONJDBZMBCTRVFEBEFTFTQFSBEB
EFBMJNFOUPTPQSPEVDUPTQBSBMMFWBSBMPTNFSDBEPTMPDBMFT
-PTJOGPSNFTSFHVMBSFTEFFOWFOFOBNJFOUPTFOMPT&TUBEPT6OJEPTTPOQVCMJDBEPT
FOFMQFSJEJDP.D*MWBJOFB QFK$PDISBO
&TUPTFQJTPEJPTTPOJOTJHOJGJDBOUFT
FODPNQBSBDJODPOMPTDFOUFOBSFTEFJOEJWJEVPTRVFSFDPMFDUBOZDPOTVNFOIPOHPT
TJMWFTUSFTTJOQSPCMFNBT.JMMPOFTEFQFSTPOBTEFUPEPFMNVOEPDPNFODPUJEJBOBNFOUF
IPOHPT TJMWFTUSFT TJO QSPCMFNBT EF TBMVE Z FT JNQPSUBOUF NBOUFOFS FM TFOUJEP EF MB
QFSTQFDUJWBDVBOEPTFBOBMJ[BOMPTFQJTPEJPTEFFOWFOFOBNJFOUP
-BDPOUBNJOBDJOEFMPT)4$
" SB[ EFM BDDJEFOUF EF $IFSOCJM FO 6DSBOJB FO MPT BPT PDIFOUB TF FGFDUVBSPO
JOWFTUJHBDJPOFT EF NBUFSJBMFT SBEJPBDUJWPT FO MBT GVFOUFT EF BMJNFOUP TJMWFTUSF Z
QBSUJDVMBSNFOUFFOMPT)4$'VFFYQSFTBEBVOBQSFPDVQBDJONBZPSUBNCJOTPCSFMB
BDVNVMBDJOEFNFUBMFTQFTBEPTZDPOUBNJOBOUFTFOMPTNBDSPNJDFUPT
6OFTUVEJPTPCSFMBBTJNJMBDJOEFSBEJPDFTJPQPSNFEJPEFMDPOTVNPEFIPOHPT
TJMWFTUSFT FOFM3FJOP6OJEP DPODMVZRVFTUBEFQFOEFNTEFMBTFTQFDJFTDPOTVNJEBT
RVF EF MB DBOUJEBE DPOTVNJEB #BSOFUU FU BM
-PT IPOHPT NJDPSS[JDPT
DPNQBSBEPTDPOMBTFTQFDJFTTBQSGJUBTQBSTJUBTQSFTFOUBCBOFTQFDGJDBNFOUFVOBNBZPS
SBEJPBDUJWJEBE &M DPOTVNP EF )4$ FO FM 3FJOP 6OJEP FT SFEVDJEP FO DPNQBSBDJO
DPOPUSPTQBTFT QFSPFMFTUVEJPSFWFMBVOBJOEJDBDJOHFOFSBMEFMPTSJFTHPTQPUFODJBMFT
QBSBMBTBMVE
6O DBTP SFQPSUBEP EF DPOUBNJOBDJO TF SFGFSB B MB NF[DMB BDDJEFOUBM EF FTQFDJFT
TJMWFTUSFT EF IPOHPT QPUFODJBMNFOUF WFOFOPTPT DPO MPT DPNFTUJCMFT JNQPSUBEPT QPS
MPT&TUBEPT6OJEPT (FDBOZ$JDIPXJD[
&TUPTBDPOUFDJNJFOUPTTPOSBSPT TJO
FNCBSHP ZOPFYJTUFOJOHVOBOPUJDJBEFEBPTBMBTBMVEEFMBTQFSTPOBTFO&VSPQB
-"$6-5*7"$*/%&)0/(04$0.&45*#-&4
)BZ NT P NFOPT VO DFOUFOBS EF FTQFDJFT EF IPOHPT RVF QVFEFO TFS DVMUJWBEBT
"OFYP
UPEBT TBQSGJUBT &O MPT NFSDBEPT DPNFSDJBMFT QSFEPNJOBO MBT FTQFDJFT
"HBSJDVT CJTQPSVT -FOUJOVMB FEPEFT Z 1MFVSPUVT $VBESP
RVF SFQSFTFOUBO NT
P NFOPT FM QPS DJFOUP EF MBT FTQFDJFT DVMUJWBEBT EFM NVOEP $IBOH
-BT
FTQFDJFTNBZPSNFOUFDVMUJWBEBTDSFDFOFOVOBBNQMJBWBSJFEBEEFTVCTUSBUPTPSHOJDPT
JODMVZFOEPMPTEFTFDIPTEFMBTQSPEVDDJPOFTEFBMHPEOZDBG-BTUFDOPMPHBTFTUO
CJFO FTUBCMFDJEBT Z TF IBO JOTUJUVJEP FO NVDIPT QBTFT JNQPSUBOUFT JOEVTUSJBT EF
IPOHPT)BIBCJEPVOHSBOEFJODSFNFOUPFOMBQSPEVDDJOFOMPTMUJNPTEJF[BPT
TPCSFUPEPDPNPSFTVMUBEPEFMBVNFOUPEFMBQSPEVDUJWJEBEFO$IJOB
-PTJOGPSNFTEFGSJDB .TIJHFOJZ$IBOH
.YJDP .BSUOF[$BSSFSBFUBM

ZMBTTFMWBTBNB[OJDBTCSBTJMFBT 1BVMJ
TVCSBZBORVFMBTDVMUJWBDJPOFTEF
IPOHPTPGSFDFOPQPSUVOJEBEFTFDPONJDBTBMJHVBMRVFCFOFGJDJPTOVUSJDJPOBMFTZQBSB
MBTBMVE&OUPEB$IJOBTFMMFWBOBDBCPDVMUJWBDJPOFTFOQFRVFBFTDBMBRVFQPESBO
TFSNPEFMPTBQSPQJBEPTQBSBMBUSBOTGFSFODJBEFUFDOPMPHBT-BDVMUJWBDJOEFMIPOHP
EFMBDTDBSBEFMBSSP[ 7PMWBSJFMMBWPMWBDFB
TFJOUFHSBDPOMBQSPEVDDJOBSSPDFSBEFM
7JFU/BN%POEFRVJFSBRVFTFDVMUJWFOMBTFTQFDJFTTBQSGJUBTTFOFDFTJUBVODPOTUBOUF
TVNJOJTUSPEFNBUFSJBTQSJNBT-BFYQBOTJOEFMBQSPEVDDJOEFTIJJUBLFFO2JOHZVBO

/VODBIBCBWJTUPHFOUF FO-WJWDFOUSBM
OPTPMBNFOUFIVSHBOEPFOMPTCBTVSFSPT TJOPUBNCJO
MMFWOEPTFBMBCPDBMBTTPCSBTEFDPNJEB OJTJRVJFSBFOMBTTPDJFEBEFTRVFTFIBOEJWJEJEP DPNPQFK
(FPSHJBZ.PMEPWB "MNPOE

$IJOB iMBDBQJUBMNVOEJBMEFMPTIPOHPTu
DPOEVKPBVOESTUJDPBHPUBNJFOUPEFMPT
CPTRVFTMPDBMFTRVFTVNJOJTUSBCBOMBNBEFSBTPCSFMBDVBMDSFDBFTUFIPOHPDPNFTUJCMF
1BVMJ

&M ONFSP EF FTQFDJFT TBQSGJUBT DVMUJWBEBT FTU DSFDJFOEP DPOTUBOUFNFOUF Z MB
JOGPSNBDJO Z DPOTFKPT QSDUJDPT TPO VSHFOUFNFOUF OFDFTBSJPT 4UBNFUT
-PT
IPOHPTFDUPNJDPSS[JDPTQVFEFOUBNCJOTFSiDVMUJWBEPTu-PTSCPMFTTPOJOPDVMBEPT
DPOUSVGBTRVFUJFOFORVFJOGFDUBSMBTSBDFTZGPSNBSMB&.$-PTSCPMFTTPODVJEBEPT
DPO BUFODJO QBSB FTUJNVMBS MB QSPEVDDJO EF USVGBT *MVTUSBDJO
-PT NUPEPT EF
iDVMUJWBDJOuEFUSVGBTTPODPOTUBOUFNFOUFQFSGFDDJPOBEPT )BMMFUBM B

*-6453"$*/
5*104%&."$30.*$&504 0."$30)0/(04
-PTIPOHPTDPNFTUJCMFTDSFDFOFOWBSJBTGPSNBTZUBNBPT/PIBZFMFNFOUPTDBSBDUFSTUJDPT PFYNFOFT
RVF
BZVEFOEJTUJOHVJSMPTEFTVTWBSJFEBEFTWFOFOPTBT-PTFKFNQMPTTPOEF.BMBXJZMBTGPUPTEF&SJD#PB BNFOPT
RVFTFFTQFDJGJRVFEJWFSTBNFOUF
4Q-BDUBSJVT USBTSPNQFSMPT
GJMBNFOUPTTFPCTFSWBVOGMVJEPCMBODP
.VDIBTFTQFDJFTTPODPNFTUJCMFTZUPEBT
TPONJDPSS[JDBT
"NBOJUBMPPTJJ DPNFTUJCMF-B
WPMWBFTVOBDBSBDUFSTUJDBQBSUJDVMBSEFM
"NBOJUB VOHOFSPRVFJODMVZFFTQFDJFT
WFOFOPTBT 'PUP1BVM,JSL

4Q3BNBSJB IBZVOBHSBODBOUJEBEEFWBSJFEBEFT
TJNJMBSFTRVFTFDPNFOFOUPEPFMNVOEP
"VSJDVMBSJBBVSDVMBKVEBF VOP
EFMPTIPOHPTDPNVOFTFOGPSNBEF
PSFKB$PNFTUJCMF'SBODJB$VMUJWBEP
BNQMJBNFOUF
&TUF"GSPCPMFUVTUJFOFVOBEFOTBSFEEFQPSPTEJNJOVUPT
FOMBQBSUFJOGFSJPSEFMTPNCSFSP
*[R
4Q-ZDPQFSEPO
/PSVFHB"CPNCBEPT
$SFDFOQPSEPRVJFSZ
TFDPNFOSFHVMBSNFOUF
BVORVFFODBOUJEBEFT
SFEVDJEBT
%FS
4Q$BOUIBSFMMVT
FMIJNFOJPTFFYUJFOEFIBTUB
VOBQBSUFEFMFTUQJUFZ
MPTDBSQGPSPTUJFOFOVOB
BQBSJFODJBDBSBDUFSTUJDB

*-6453"$*/
$0.0$3&$&/-04)0/(04NJDPSS[JDPT TBQSGJUPTZQBUHFOPT
-PTIPOHPTPCUJFOFOTVOVUSJNFOUPTJNCJUJDBNFOUF EFGPSNBTBQSUBPQBSBTUJDB QBUHFOPT
$BEBDBUFHPSB
DPOUJFOF NBDSPIPOHPT DPNFTUJCMFT -BT FTQFDJFT NT WBMJPTBT TPO FDUPNJDPSS[JDBT VOB FTQFDJF EF TJNCJPTJT
-BTSBDFTFDUPNJDPSS[JDBTUJFOFOVOBGPSNBEJTUJOUBZWBSJBEB&TCBTUBOUFEJGDJMPCTFSWBSMBT JOTJUV.VDIPT
NBDSPNJDFUPTTBQSUPTTPODPNFTUJCMFT1PDPTQBUHFOPTTFDPNFO5PEPTMPTFKFNQMPTTPOEF.BMBXJBNFOPT
RVFTFFTQFDJRVFEJWFSTBNFOUF5PEBTMBTGPUPTTPOEF&SJD#PB
&DUPNJDPSSJ[B-BNBUFSJBCMBODB
RVFFOWVFMWFMBTSBDFTJOEJDBMBiWBJOBu
NJDUJDB
&TUBDBSBDUFSTUJDBFDUPNJDPSSJ[B
BNBSJMMBFTUBTPDJBEBDPOVOBTQ
$BOUIBSFMMVT
&TUBTFDUPNJDPSSJ[BTTPOQFRVFBTZ
FTQPOKPTBT&MNJDFMJPFOFMTVFMPQVFEF
UFOFSVOBGPSNBTJNJMBS
"MDPOTUBUBSFTUBDPOFYJOGTJDBDPOMBTSBDFTEFVOSCPM "HSPDZCFBFHFSJUB VOBFTQFDJFTBQSGJUBDPNFTUJCMFRVF

FTQPTJCMFEFUBMMBSMBTJNCJPTJTRVFFYJTUFFOUSFTUF
DSFDFTPCSFMBDFQBEFVOSCPMFO#PMPOJB *UBMJB&TUBFTQFDJF
ZFMIPOHP
UBNCJOFTDVMUJWBEB
7PMWBSJFMMBWPMWBDFB$PNONFOUF
DVMUJWBEP FTVOIPOHPTBQSGJUP
*OEPOFTJB$PNFTUJCMF
.B[PSDBEFNB[JOGFDUBEBQPSFM
"SNJMMBSJBNFMMFB VOSCPM
6TUJMBHPNBZEJT #PMJWJB-BTJOGFDDJPOFT QBUHFOP FOMBCBTFEFVOMBCVSOP
FOFTUBEJPUFNQSBOPTFDPNFODPNP
NVFSUP-POESFT$PNFTUJCMF
IVJUMBDPDIFFO.YJDP

*-6453"$*/
{$6-&4)0/(0440/$0.&45*#-&4 *%&/5*'*26&.04-"4&41&$*&4
-BTFTQFDJFTDPNFTUJCMFTQVFEFOTFSJEFOUJGJDBEBTVTBOEPVODPOPDJNJFOUPDJFOUGJDPZMPDBM/JOHOTJTUFNB
FTJOGBMJCMFMBTDPTUVNCSFTMPDBMFTTFCBTBOFOMBFWJEFODJBFNQSJDBEFDPNFTUJCJMJEBE BVORVFMBTDSFFODJBTEF
MBMPDBMJEBEQVFEFOFYDMVJSFSSOFBNFOUFMBTFTQFDJFTDPNFTUJCMFT&MOPNCSFDJFOUGJDPBZVEBBDPOUSPMBSFOMB
JOGPSNBDJOQVCMJDBEBTPCSFTVTQSPQJFEBEFT QFSPMBTTVHFSFODJBTQVFEFOTFSDPOGMJDUJWBT6TBEPTKVOUPT FM
DPOPDJNJFOUPDJFOUGJDPZFMMPDBM TPOVOBHVBQPUFOUFIBDJBMBTQSPQJFEBEFTEFMPTIPOHPTTJMWFTUSFT5PEBTMBT
GPUPTTPOEF&SJD#PB BNFOPTRVFTFBFTQFDJGJDBEPEJWFSTBNFOUF
*[R
&TUBGBSNBDJB
GSBODFTBPGSFDFBTJTUFODJB
MPDBMQBSBMBJEFOUJGJDBDJO
EFMBTFTQFDJFTDPNFTUJCMFT
%FS
-BTFHVOEB
QVCMJDBDJONTWJFKBTPCSF
MPTIPOHPTTJMWFTUSFT
DPNFTUJCMFTEF$IJOB
*ODMVZFEFTDSJQDJPOFTEF
iFTQFDJFTuZQVFEFIBCFSTJEP
VOMJCSPEFSFGFSFODJBTNVZ
UJM 'PUP8BSSFO1SJFTU

*[R
1BVM,JSL
EPDVNFOUBVOBDPMFDDJO
EFDBNQPFO.BMBXJ"
DBEBFTQDJNFOTFMFEB
VOONFSPEFSFGFSFODJB
ZTFEFTDSJCFBOUFTEFTFS
TFDBEPZQSFTFSWBEPQBSB
VMUFSJPSFTBOMJTJT
%FS
)VFMMBTEF
FTQPSBTEF)ZQIPMPNB
GBTDJDVMBSF VOBFTQFDJF
WFOFOPTB-BIVFMMB
TVQFSJPSTFGPSNBMEFKBS
FMTPNCSFSPWBSJBTIPSBTMB
PUSBFONFOPTEFVOBIPSB
&MDPMPSEFMBTFTQPSBT
BZVEBBEJTUJOHVJSMPT
HOFSPTTJNJMBSFTQFSPOP
MBTFTQFDJFT
%FS
"MFTTBOESB
;BNCPOFMMJEFMB
6OJWFSTJEBEEF#PMPOJB
DPOVOBDPMFDDJOOJDB
EFFTQFDNFOFTEFUSVGBT
EFUPEPFMNVOEP-BT
DPMFDDJPOFTTPOGVFOUFT
EFSFGFSFODJBWJUBMFT
QBSBMBJEFOUJGJDBDJO
EFMPTIPOHPTZQBSB
MBEFOPNJOBDJOEFMBT
FTQFDJFT
*[R
&KFNQMBSFT
TFDBEPTEFUSVGBT
TPODVJEBEPTBNFOUF
FUJRVFUBEPTZBMNBDFOBEPT
FOMBDPMFDDJO

0SEFOBDJOMPTIPOHPTTJMWFTUSFT
DPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEF
CPTRVFT
640.-5*1-&%&-04#0426&4"46/504'03&45"-&4:$0/'-*$504
-B PSEFOBDJO EF MPT IPOHPT TJMWFTUSFT DPNFTUJCMFT Z EF TV QSPEVDDJO TPTUFOJCMF
EFCF UFOFS FO DVFOUB EPT BSHVNFOUPT GVOEBNFOUBMFT FO QSJNFS MVHBS MPT CPTRVFT Z
TV PSEFOBDJO FO TFHVOEP MPT VTVBSJPT EF CPTRVFT 6OB PSEFOBDJO FYJUPTB EF MPT
)4$OJWFMBFMJNQBDUPZMPTFGFDUPTEFMBSFDPMFDDJOZEFMBDPTFDIBDPOSFMBDJOBMPT
PCKFUJWPTNTBNQMJPTEFMBHFTUJOGPSFTUBMEFUFSNJOBEPTQPSMBJNQPSUBODJBSFMBUJWB
EF MPT EJGFSFOUFT VTVBSJPT EF CPTRVFT y4PO MPT )4$ NT QSFDJPTPT RVF MPT EFNT
1'/. QPS FKFNQMP : yDNP TF DPNQBSBO FO DVBOUP B CFOFGJDJPT FDPONJDPT
DPOPUSPTQSPEVDUPTGPSFTUBMFT "MHVOPTCPTRVFTUJFOFOJNQPSUBODJBUBOUPFTUSBUHJDB
DPNP FDPONJDB QSPUFHFO MBT DVFODBT IESJDBT Z MPT UFSSFOPT GSHJMFT FO EFDMJWF
DPOUSJCVZFOEPBMBQSFTFSWBDJOEFMBEJWFSTJEBECJPMHJDB
&M SFUP QBSB MPT QMBOJGJDBEPSFT Z MPT SFTQPOTBCMFT EF QPMUJDBT FT FRVJMJCSBS MBT
EFNBOEBTSFMBUJWBTBMPTCPTRVFTZQSPQPSDJPOBSVONBSDPFOFMDVBMMPTSFTQPOTBCMFT
EFPSEFOBDJOGPSFTUBMQVFEBOUSBCBKBSFGFDUJWBNFOUF&OMPRVFTFSFGJFSFBMPT)4$
FTUP TJHOJGJDB NJOJNJ[BS FM JNQBDUP EF MB DPTFDIB QFSNJUJFOEP B MPT SFDPMFDUPSFT VO
BDDFTP KVTUP Z FRVJUBUJWP B MPT CPTRVFT TJHOJGJDB FOGSFOUBSTF B MBT JORVJFUVEFT EF MPT
CJMPHPTRVFDSFFORVFMBFYQMPUBDJODPNFSDJBMFTJOTPTUFOJCMF QFSNJUJFOEPBMNJTNP
UJFNQP FM EFTBSSPMMP EF MBT FNQSFTBT -B QSPEVDDJO TPTUFOJCMF EF MPT )4$ QPS MP
UBOUP UJFOFEJNFOTJPOFTTPDJBMFT QPMUJDBTZFDPONJDBT
-BQBMBCSBiCPTRVFuFTVUJMJ[BEBFOTFOUJEPHFOFSBM FTEFDJS QBSBJOEJDBSSFBTEPOEF
MPT SCPMFT DSFDFO EF GPSNB OBUVSBM P QMBOUBEPT &M FOPSNF ONFSP EF DVMUJWBDJPOFT
EF)4$FOUSNJOPTEFWPMVNFOZWBMPSWJFOFEFMBTFTQFDJFTRVFGPSNBOBTPDJBDJPOFT
NJDPSS[JDBT DPO MPT SCPMFT 4JO MBT NJDPSSJ[BT MPT SCPMFT QPESBO DSFDFS QPDP Z MB
JOUFHSJEBEFDPMHJDBEFMPTCPTRVFTEFMNVOEPQPESBFTUBSBNFOB[BEB&MJNQBDUPEF
MBSFDPMFDDJOEF)4$OPEFCFSBBMUFSBSMBEFQFOEFODJBNVUVBFOUSFMPTSCPMFTZMPT
IPOHPT-BCJPMPHBZFDPMPHBEFMPT)4$TPOUBOJNQPSUBOUFTDPNPFMDPOPDJNJFOUP
GVOEBNFOUBM EF MBT FTQFDJFT RVF DSFDFO KVOUP B VO EFUFSNJOBEP UJQP EF SCPM )BZ
UPEBWB NVDIBT MBHVOBT FO MB JOGPSNBDJO SFGFSFOUF B MPT IPOHPT NJDPSS[JDPT
DPNFTUJCMFTZFTQFDJFTBSCSFBTUSPQJDBMFT
&OUSF MPT VTVBSJPT EF CPTRVFT TF JODMVZFO MPT RVF DPTFDIBO QSPEVDUPT NBEFSFSPT
Z OP NBEFSFSPT EF MPT DVBMFT MPT )4$ TPO TMP VO FKFNQMP
-PT CPTRVFT UBNCJO
PGSFDFOVOBTFSJFEFTFSWJDJPT BMHVOPTEFFMMPTFTQFDGJDPTQBSBVTVBSJPTQSJWBEPTZPUSPT
NTHFOFSBMNFOUFWBMPSJ[BEPT&OUSFMBTGVODJPOFTFDPMHJDBTTFJODMVZFOMBQSPUFDDJO
EF MBT DVFODBT IESJDBT FM DPOUSPM EF MB FSPTJO EFM UFSSFOP Z MB DPOTFSWBDJO EF MB
EJWFSTJEBE CJPMHJDB -PT CPTRVFT PGSFDFO UBNCJO CFOFGJDJPT TPDJBMFT VO MVHBS QBSB
FMUJFNQPMJCSF QBSBMPTEFQPSUFTZQBSBEJTGSVUBSEFMBOBUVSBMF[B&TBCTPMVUBNFOUF
OFDFTBSJP DPNQSFOEFS MBT SFMBDJPOFT FOUSF MB DPTFDIB EF )4$ Z PUSPT QSPEVDUPT Z
TFSWJDJPT EFSJWBEPT EF MPT CPTRVFT BM JHVBM RVF FMBCPSBS NFKPSBT FO MBT QSDUJDBT Z
EJSFDUSJDFTQBSBTVPSHBOJ[BDJO
&TUPTUJQPTEFEFDJTJPOFTEFQFOEFOEFVOBJOGPSNBDJOBEFDVBEB)BZJORVJFUVEFT
FOPSNFT TPCSF MBT QSDUJDBT GPSFTUBMFT JOTPTUFOJCMFT JODMVZFOEP MB DPTFDIB EF )4$

3&$6"%30
&MNBUTVUBLFZTVFYQPSUBDJOB+BQO
&O +BQO FM 5SJDIPMPNB NBUTVUBLF FT DPOTJEFSBEP EF HSBO WBMPS Z TV DPOTVNP DFSFNPOJBM FT NVZ
JNQPSUBOUF EFTEF FM QVOUP EF WJTUB DVMUVSBM )BMM FU BM B
3FDPMFDUBEP PSJHJOBSJBNFOUF FO MPT
CPTRVFTEF+BQO MBQSPEVDDJOEFDSFDJWFSUJHJOPTBNFOUFFOMPTBPTPDIFOUB&OMBCTRVFEBEF
OVFWBT GVFOUFT TF JEFOUJGJD FM NBUTVUBLF BNFSJDBOP 5SJDIPMPNB NBHOJWFMBSF
DPNP VO TVTUJUVUP
BDFQUBCMF EFTDVCSJFOEP EF JONFEJBUP RVF TF QPEBO SFDPMFDUBS HSBOEFT DBOUJEBEFT FO FM 1BDGJDP
OPSPFTUF EF "NSJDB EFM /PSUF EPOEF FM VTP MPDBM FSB NOJNP &M DPNFSDJP GMPSFDJFOUF DPO +BQO
DPJODJEJDPOMBQSEJEBEFUSBCBKPDBVTBEBQPSMBQSPIJCJDJOEFMBFYUSBDDJONBEFSFSB&MDPNFSDJP
EF FYQPSUBDJO CBTBEP FO FM 5 NBUTVUBLF IB TJEP FTUBCMFDJEP UBNCJO FO 4JDIVBO $IJOB 8JOLMFS
:FI
#IVUO /BNHZFM
ZFOMB3FQCMJDB1PQVMBS%FNPDSUJDBEF$PSFB
-BTFYQPSUBDJPOFTEF5NBHOJWFMBSFZPUSBTFTQFDJFTFTUSFDIBNFOUFSFMBDJPOBEBTTFEBOFOGSJDB
EFM OPSUF 5VSRVB Z .YJDP QFSP MPT EFUBMMFT BM SFTQFDUP TPO FTDBTPT &M CFOFGJDJP FDPONJDP QBSB
FTUPT QBTFT FT SFEVDJEP DPNQBSBEP DPO FM EF "TJB Z /PSUFBNSJDB -PT QSFDJPT QBHBEPT QPS MPT
KBQPOFTFTDBNCJBODPOTJEFSBCMFNFOUFEFQFOEJFOEPEFMBEJTQPOJCJMJEBEEFBCBTUFDJNJFOUPBOVBMZEF
MBDBMJEBEEFMPTIPOHPTDVBOEPMMFHBOBMNFSDBEP
&M NBUTVUBLF FT BQSFDJBEP QBSUJDVMBSNFOUF FO VO FTUBEJP UFNQSBOP EF EFTBSSPMMP Z SFRVJFSF VOB
SFDPMFDDJODVJEBEPTBFOMPTFTUSBUPTTVQFSJPSFTEFIVNVTEFMPTCPTRVFT"MHVOPTSFDPMFDUPSFTOP
TPOUBODVJEBEPTPTSBTUSJMMBOFMTVFMPQBSBEFTDVCSJSMPTDBSQGPSPTRVFFTUOOBDJFOEP MPRVFEBB
MPTFTUSBUPTEFIVNVTZBGFDUBMBTDPTFDIBTGVUVSBT
&M NBUTVUBLF FT VO IPOHP NJDPSS[JDP Z TF IBO EFTBSSPMMBEP FTGVFS[PT QBSB MB iPSEFOBDJOu EFM
FDPTJTUFNB OBUVSBM FO MB 3FQCMJDB EF $PSFB Z FO /PSUFBNSJDB DPO FM PCKFUJWP EF JODSFNFOUBS MB
QSPEVDDJO&MSFOEJNJFOUPBOVBMFTUUPEBWBJOGMVFODJBEPQSFQPOEFSBOUFNFOUFQPSMBEJTQPOJCJMJEBE
EFQSFDJQJUBDJPOFTZQPSMBUFNQFSBUVSBEFMBNCJFOUFFOQFSPEPTDMBWFTEFMBP
7BTFFO1JM[Z.PMJOB
VOSFTVNFOHFOFSBMEFMBTBDUJWJEBEFTFO/PSUFBNSJDB

&TUPOFDFTJUBTFSFYBNJOBEPDVJEBEPTBNFOUFVTBOEPMBJOGPSNBDJOEJTQPOJCMFTPCSF
FM SFOEJNJFOUP MBT DBOUJEBEFT DPTFDIBEBT Z NBZPS JOGPSNBDJO TPCSF MB QSPEVDDJO
"CPSEBSFNPTFTUPTUFNBTNTBEFMBOUF FOFTUFNJTNPDBQUVMP
-B HFTUJO EF MPT )4$ IB UFOEJEP B DPODFOUSBSTF FO TV CJPMPHB Z FDPMPHB
QBSUJDVMBSNFOUF MPT EF BMUP WBMPS FDPONJDP )BZ VOB MJUFSBUVSB JNQPSUBOUF TPCSF
MBT USVGBT QPS FKFNQMP 'ESBUJPO 'SBOBJTF EFT 5SVGGJDVMUFVST
QFSP QPDPT
FTUVEJPTTPCSFMBTFTQFDJFTDPNFTUJCMFTEF3VTTVMBP-BDUBSJVT NVDIBTEFMBTDVBMFTTPO
SFDPMFDUBEBTZDPOTVNJEBTMPDBMNFOUFFOMPTQBTFTFOEFTBSSPMMP-PTJOWFTUJHBEPSFT
FTUOQPOJFOEPNBZPSBUFODJOFOMBTSFMBDJPOFTDPNQMFKBTFOUSFMPTBTQFDUPTCJPMHJDPT
TPDJBMFTZFDPONJDPT VOBNBOJPCSBIBDJBFMFTUBCMFDJNJFOUPEFCBTFTTMJEBTQBSBMB
QSPEVDDJOTPTUFOJCMFEF)4$RVFFTUTJFOEPBDPHJEBDPOFOUVTJBTNP
.VDIP TF IB FTDSJUP Z TF IB EJDIP BDFSDB EFM NBUTVUBLF 3FDVBESP
&T VO
QSPEVDUP EF FYQPSUBDJO JNQPSUBOUF QBSB NVDIPT QBTFT FO EFTBSSPMMP Z IB IBCJEP
WBSJBT FYQMJDBDJPOFT RVF FYBNJOBO MB DPTFDIB DPNFSDJBM FO FM DPOUFYUP NT BNQMJP EF
CPTRVFTZEFMPTVTVBSJPTEFCPTRVFT 8JOLMFS :FI
&M1BDGJDPOPSPFTUFEF
/PSUFBNSJDBFTPUSBSFBEPOEFFMUFNBEFMBHFTUJOIBTJEPFYBNJOBEPEFUBMMBEBNFOUF
1JM[ Z .PMJOB 5FEEFS .JUDIFMM Z 'BSSBO
&TUPT FTUVEJPT TPO UJMFT
DPODSFUBNFOUF FO MB EFTDSJQDJO EF MPT SFDPMFDUPSFT EF IPOHPT Z EF MBT QSDUJDBT EF
SFDPMFDDJO ZQSPQPSDJPOBOVODPOUSBTUPUJMDPOMPTQPDPTFTUVEJPTFGFDUVBEPTFOMBT
SFDPMFDDJPOFTFYJTUFOUFTFOMPTQBTFTFOEFTBSSPMMP -PXPSFZ#PB

)BO TVSHJEP BEFNT BMHVOBT QSFPDVQBDJPOFT TPCSF MB EJTNJOVDJO FO MB
QSPEVDUJWJEBEZMBEFTBQBSJDJOEFBMHVOBTFTQFDJFTEFNBDSPNJDFUPT "SOPMET

-B BUFODJO TF IB DFOUSBMJ[BEP FO &VSPQB Z VOP EF MPT BSHVNFOUPT JEFOUJGJDBEPT FT
FMJNQBDUPDBVTBEPQPSFMJODSFNFOUPEFMBSFDPMFDDJODPNFSDJBMFO&VSPQBEFMFTUF
0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT
1FSJOJ
-BQSFTFSWBDJOEFMPTIPOHPTFT IPZFOEB VOUFNBDPODSFUPEFEFCBUF
FOUSFMPTNJDMPHPT&TUFEFCBUFBQFOBTIBJOJDJBEP QPSFTPFTJNQPSUBOUFRVFBOBMJDF
MPT BNQMJPT BTQFDUPT TPDJBMFT Z FDPONJDPT SFMBDJPOBEPT DPO MB DPTFDIB TJ TF RVJFSF
DPOUSJCVJSFOMBEFUFODJOEFMEFDMJOPEFMBTFTQFDJFTDPNFTUJCMFTBNFOB[BEBT
-BTTJHVJFOUFTTFDDJPOFTFYBNJOBOFMBDDFTPBMPTTJUJPTEFSFDPMFDDJO MPTSFDPMFDUPSFT
Z MPT JNQBDUPT EF MB DPTFDIB &M DBQUVMP QSPTJHVF DPO VO FYBNFO EF MB JOGPSNBDJO
QVCMJDBEB TPCSF FM SFOEJNJFOUP Z MB QSPEVDUJWJEBE BOUFT EF JOUFOUBS PGSFDFS BTFTPSB
QSDUJDBTPCSFMBHFTUJOEFMPT)4$QBSBVOBQSPEVDDJOTPTUFOJCMF
3&(-".&/5"3-"3&$0-&$$*/
&YJTUFO MFZFT Z QPMUJDBT BNQMJBNFOUF EJGFSFOUFT TPCSF MB SFDPMFDDJO EF )4$ WBTF
UBNCJOFM3FDVBESP $BQUVMP
&TDBOEJOBWJBPGSFDFMJCSFBDDFTPDVBMRVJFSBQVFEF
SFDPMFDUBS IPOHPT DPNFTUJCMFT NJFOUSBT OP IBHB EBP B MB QSPQJFEBE 4BBTUBNPJOFO

&TUBQPMUJDBIBTJEPEFTBGJBEBQPSMBNJHSBDJOFDPONJDBEFMPTQBTFTWFDJOPT
RVFGPSNBCBOQBSUFEFMBFY6OJO4PWJUJDBZMBEJTQPOJCJMJEBEEFUSBCBKPCBSBUPQBSB
SFDPMFDUBS )4$ Z CBZBT TJMWFTUSFT $BNCJPT BOMPHPT FO &VSPQB EFM FTUF IBO DSFBEP
OVFWBTPQPSUVOJEBEFTQBSBMBDPTFDIBDPNFSDJBMZIBODBVTBEPQSFPDVQBDJPOFTBDFSDB
EFMBTDPTFDIBTJOTPTUFOJCMFTZMBTGPSNBTEFSFHMBNFOUBSFTUBTSFDPMFDDJPOFT
$POUSPMBSBMPTSFDPMFDUPSFTOPTJFNQSFFTGDJM%FTQVTEFMBTFHVOEBHVFSSBNVOEJBM
FMHPCJFSOPGJOMBOETJODFOUJWVOBNBZPSDPTFDIBEF)4$ZTJHVFQSPNPWJFOEPFMVTP
EFFTUFSFDVSTPTVCVUJMJ[BEP )SLOFOZ+SWJOFO 4BMP
&MBDDFTPMJCSFBMB
DBNQJBFTVOQSJODJQJPEFWJEBFO4VFDJBZ/PSVFHBZFMDPOUSPMEFMBSFDPMFDDJOEFMPT
)4$ ZEFNT1'/.
OFDFTJUBSBVODBNCJPGVOEBNFOUBMFOMBTQPMUJDBTOBDJPOBMFT
-BiTPCSFQSPEVDDJOuFTVOBQSFPDVQBDJODPNONFOUFFYQSFTBEBUBOUPQBSBMBT
SFDPMFDDJPOFTDPNFSDJBMFTDPNPQBSBMBTVCTJTUFODJB&MUFNPSFOUSFMPTSFTQPOTBCMFTEF
PSEFOBDJOGPSFTUBMZPUSBTQBSUFTJOUFSFTBEBTFTRVFEJTNJOVZBMBQSPEVDDJOGVUVSB
EF )4$ &TUBT QSFPDVQBDJPOFT FTUO KVTUJGJDBEBT QFSP FYJTUF FM QFMJHSP EF EBS QBTPT
ESBDPOJBOPT TJOFOUFOEFSFMJNQBDUPEFMBDPTFDIB QBSBSFHMBNFOUBSBMPTSFDPMFDUPSFT
CBTOEPTFFOVOBDPNQSFOTJOJOTVGJDJFOUFEFDVBOUPTFSFDPMFDUBZEFMPRVFIBDFO
MPTSFDPMFDUPSFT
&MJNQVMTPQSJODJQBMQBSBMBSFHMBNFOUBDJOEFMPTSFDPMFDUPSFTFTUFOFMMVHBSEF
QSPEVDDJOEFMBDPTFDIB-BJOUSPEVDDJOEFFTRVFNBTMFHBMFTUJFOFWBSJBTGVODJPOFT
x 5SBUB UFSJDBNFOUF
EFMJNJUBSMBDBOUJEBESFDPMFDUBEB
x "TFHVSB RVF MPT SFDPMFDUPSFT UFOHBO QSFTFOUF MBT NFKPSFT QSDUJDBT NUPEPT EF
SFDPMFDDJONFOPTEBJOPT

x 1SPEVDFHBOBODJBT
&O*UBMJBDBEBQSPWJODJBSFHMBNFOUBRVJOUJFOFFMEFSFDIPEFSFDPMFDUBSUSVGBT TQ
5VCFS
-PT SFDPMFDUPSFT UJFOFO RVF BQSPCBS VO FYBNFO TFODJMMP RVF DFSUJGJRVF RVF
DPNQSFOEFODNPZDVOEPSFDPMFDUBS-BDBOUJEBEEFQFSNJTPTFYUFOEJEPTFO&NJMJB
3PNBHOB VOBEFMBTSFHJPOFTJUBMJBOBT
FOFMBPSPOEBMPT DBEBVOPEFM
WBMPS EF EMBSFT &&66 ;BNCPOFMMJ DPNVOJDBDJO QFSTPOBM 5SVGGMFT BOE
DPMMFDUJOHQPSDJOJJO*UBMZ

&O FM QBSRVF OBDJPOBM EF 8JOFNB 0SFHPO MB WFOUB EF QFSNJTPT QSPQPSDJPOB VO
JOHSFTPDPOTJEFSBCMFBVORVFBMUBNFOUFWBSJBCMF $VBESP
&O#IVUO TMPDBOUJEBEFT
TJNCMJDBTTFHBOBOEFMBWFOUBEFQFSNJTPT /BNHZFM

-BTBVUPSJEBEFTMPDBMFTBENJOJTUSBOUBNCJOMPTQSPHSBNBTEFDPODFTJOEFQFSNJTPT
QBSB MJNJUBS FM BDDFTP B TJUJPT EF JOUFST &TUF TJTUFNB QBSFDF TFS NFOPT JEOFP QBSB
SFTPMWFSMPTDPOGMJDUPTFOUSFMBTDPNVOJEBEFTDPOGJOBOUFTZIBPDBTJPOBEPQSPCMFNBTFO
MBQSPHSBNBDJOEFMBSFDPMFDDJOEFUSVGBTFO&TQBB EF3PNO DPNVOJDBDJO
QFSTPOBM5SBEFJOOTDBMPTGSPN/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO
&TUF
FTVONFNPSOEVNEFMBOFDFTJEBEEFBOBMJ[BSEFUFOJEBNFOUFMBJNQBSDJBMJEBEEFMPT
FTRVFNBTRVFJOKVTUBNFOUFFYDMVZFOBMBTQFSTPOBTFOWF[EFBMFOUBSFMVTPFRVJUBUJWP
EFMPTSFDVSTPTOBUVSBMFT

$6"%30
7FOUBEFQFSNJTPTQBSBMBSFDPMFDDJOEFNBUTVUBLFTFOFM#PTRVF/BDJPOBMEF8JOFNB
0SFHPO
7"-03
&&66
'*/%&5&.103"%"
0#4&37"$*0/&4
7&/%*%04

EFPDUVCSF
-BNBZPSDPTFDIBEFTEF

EFOPWJFNCSF

EFPDUVCSF

EFTFQUJFNCSF

TJOEBUPT

EFOPWJFNCSF
%BUPTJODPNQMFUPT/PIBZJOGPSNBDJO
EFTQVTEFFTUBGFDIB

EFPDUVCSF
%BUPTQSPWJTPSJPT
"04
1&3.*404
'VFOUF XXXGTGFEVTSXJOFNBTQFDJBMQSPKFDUT -PT QFSNJTPT DPNFSDJBMFT TPO WMJEPT QBSB MB SFDPMFDDJO FO
%FTDIVUFT 6NQRB 8JMMBNFUUFBEFNTEFM#PTRVF/BDJPOBMEF8JOFNB4MP8JOFNBQVCMJDBJOGPSNFTJNQPSUBOUFT
TPCSFMBUFNQPSBEBEFNBUTVUBLFT MBTi.VTISPPNDISPOJDMFTw

-PT DPTFDIFSPT EF MPT QBTFT FO EFTBSSPMMP GSFDVFOUFNFOUF SFDPMFDUBO QBSB MB
TVQFSWJWFODJBZMPTIPOHPTDPNFTUJCMFTSFQSFTFOUBOVOBGVFOUFJNQPSUBOUFEFBMJNFOUP
&O.BMBXJ MPTHVBSEBCPTRVFTTBCFOQFSGFDUBNFOUFRVFQFSNJUJSRVFMBHFOUFSFDPMFDUF
)4$ FO SFBT GPSFTUBMFT QSPUFHJEBT TVQPOESB VOB NBZPS FYUSBDDJO EF QSPEVDUPT
NBEFSFSPT QBSUJDVMBSNFOUFEFMFB -PXPSFZ#PB
/PFYJTUFVOBSFDPMFDDJO
DPNFSDJBM SFHJTUSBEB PGJDJBMNFOUF FO .BMBXJ Z OP IB IBCJEP OJOHO JOUFOUP EF
JOUSPEVDJSFMTJTUFNBEFQFSNJTPT
&M YJUP EF MPT FTRVFNBT EF SFHMBNFOUBDJO EFQFOEF EF RVJFO DPOUSPMB P QPTFF MPT
CPTRVFTTUFFTVOUFNBSFMBUJWBNFOUFTFODJMMPQBSBSFHMBNFOUBSMBSFDPMFDDJOEF#PMFUVT
FEVMJTFOMBTQMBOUBDJPOFTDPNFSDJBMFTEFQJOPTEF4VEGSJDB DPNQBSBEPDPOMPTQSPCMFNBT
NTDPNQMFKPTTVSHJEPTEFMPTNMUJQMFTVTPTEFMPTCPTRVFTBVUDUPOPTEF.BMBXJ-B
QSFTJOQBSBSFHMBNFOUBSFMBDDFTPBMPTTJUJPTWJFOFEFWBSJBTGVFOUFT OPUPEBTJOWPMVDSBEBT
FO MB TJMWJDVMUVSB 6O GVFSUF HSVQP EF QSFTJO BNCJFOUBMJTUB EF MPT &TUBEPT 6OJEPT IB
USBUBEPEFMJNJUBSMBDPTFDIBDPNFSDJBM .D-BJO $ISJTUFOTFOZ4IBOOPO

-BFYQBOTJOEFMBDPTFDIBDPNFSDJBMFO&VSPQBIBDBVTBEPMBJOUSPEVDDJOEFMFZFT
FO1PMPOJB -BXSZOPXJD[
FY:VHPTMBWJB IPZ4FSCJBZ.POUFOFHSP
*WBODFWJD
;BLMJOB
Z 3VNBOJB 1PQ
-B JOGPSNBDJO TPCSF FM YJUP EF FTUPT
SFHMBNFOUPT FT NVZ TVQFSGJDJBM Z FWJEFODJB MBT EJGJDVMUBEFT HFOFSBMFT BM TFHVJS MBT
DPOEJDJPOFTFTUBCMFDJEBTQPSNFEJPEFMPUPSHBNJFOUPEFVOQFSNJTP(FOFSBMNFOUFTF
FTUBCMFDFMBDBOUJEBERVFQVFEFTFSSFDPMFDUBEBFOVOEFUFSNJOBEPQFSPEPEFUJFNQP
QFSPFTEJGDJMDPOUSPMBSZFTUBCMFDFSTBODJPOFTQBSBMPTUSBOTHSFTPSFT
-B QSPIJCJDJO EF MB UBMB IB JOUSPEVDJEP FO $IJOB 8JOLMFS
'JMJQJOBT
/PWFMMJOP
$BOBE 5FEEFS .JUDIFMM Z 'BSSBO
Z PUSPT QBTFT OVFWBT
PQPSUVOJEBEFT QBSB MB SFDPMFDDJO EF )4$ Z IB HFOFSBEP JORVJFUVEFT TPCSF MB
TPCSFQSPEVDDJO&O4JCFSJBIBTVDFEJEPMPDPOUSBSJPVOJODSFNFOUPFOMBTBDUJWJEBEFT
EFUBMBFGFDUVBEBTQPSDPNQBBTFYUSBOKFSBTIBIFDIPNTEJGDJM QBSBMBTQPCMBDJPOFT
MPDBMFT MBSFDPMFDDJOEFMPT)4$ EF#FFSZ;BLIBSFOLPW

6ODPOUSPMQUJNPEFQFOEFEFMBSFGPSNBEFMBTMFZFTRVFOPGVODJPOBOZEFMEJMPHP
DPO MPT SFDPMFDUPSFT 1JM[ Z .PMJOB WBTF UBNCJO 7BODF Z 5IPNBT
4F
OFDFTJUB VO FOGPRVF QSBHNUJDP QBSB QSPUFHFS MPT SFDVSTPT OBUVSBMFT Z HBSBOUJ[BS VO
BDDFTPKVTUPZFRVJUBUJWPBMPTSFDPMFDUPSFT
-043&$0-&$503&4:13$5*$"4-0$"-&4
6O FTUVEJP SFDJFOUF FO .BMBXJ EFTDSJCF MP RVF TVDFEJ DVBOEP FM 4S ,FOBTJ "GGBE
TFGVFBSFDPMFDUBSCPXBT )4$
DFSDBEFTVDBTBFO.BDIJOHB-PBDPNQBBCBOEPT
JOWFTUJHBEPSFTEFMQSPZFDUP)POHPT$PNFTUJCMFTEF.JPNCP -PXPSFZ#PB

4BMJNPTBMBT VOBIPSBNTUBSEFEFMIPSBSJPBDPTUVNCSBEP,FOBTJOPUFOBOJOHOUJQPEF
FRVJQP OBEBNTMBSPQBRVFWFTUBZVODVCP$BNJOBCBEFTDBM[PZTJOOJOHVOBQSPUFDDJODPOUSB
MB MMVWJB RVF IPZ FT QFSTJTUFOUF BVORVF OP QFTBEB /P QPEB EFKBS RVF MB MMVWJB MP QVTJFSB GVFSB
EFDPNCBUF ZBRVFMBSFDPMFDDJOEFCPXBTFTVOBBDUJWJEBEEFMBFTUBDJOMMVWJPTBZEFCFSBFTUBS
QSFQBSBEPQBSBNPKBSTF&TUFBPMBTMMVWJBTTPOUBOGSFDVFOUFTZQFTBEBTRVFFTFYDFMFOUFQBSBMPT
LVOHMPLXFUJUJZMPTDIJQBUXF
4FEJSJHJQPSVOTFOEFSPCJFOEFMJOFBEPIBDJBFMMVHBSEPOEFTBCBRVFJCBBFODPOUSBSMPTCPXBT
)BCBFTUBEPPCTFSWBOEPMBMMVWJBEVSBOUFMPTEPTEBTBOUFSJPSFT QPSMPRVFZBTBCBDVBMFTFTQFDJFT
FTUBCBOMJTUBTQBSBTFSSFDPMFDUBEBT ZBTBCBEOEFIBCBFTUBEPMBMUJNBWF[ZMBTDPOEJDJPOFTEF
MBDPTFDIBRVFPCTFSWFOUPODFT6TBCBUPEBFTUBJOGPSNBDJOQBSBEFDJEJSEPOEFJS&OFTUPTEBT
GJOBMFTEFMBFTUBDJOEFMBTMMVWJBT
IBOTJEPFODPOUSBEPTQPDPTCPXBTDFSDBEFTVDBTBBQFTBSEF
RVFBQSJODJQJPTEFMBFTUBDJOMPTIBCBFODPOUSBEPFOBCVOEBODJB
%VSBOUFFTUFQFSPEPMBFTQFDJFQSJODJQBMRVFTFFODVFOUSBFTFMLVOHMPLXFUJUJFTQFDJFQSFGFSJEB
QPSMPTDPNQSBEPSFT4FFODVFOUSBFOMBT[POBTQFESFHPTBTZ,FOBTJEFCFUFOFSiCVFOPKPuQBSB
FODPOUSBSMPT$SFDFOQPSEPRVJFSEFCBKPEFMBTNBUJUBTEFIJFSCBNPKBEB1BSBSFDPMFDUBSMPT ,FOBTJ
MPT UPNB EFTEF TVT CBTFT VTBOEP MPT EFEPT Z BSSBODOEPMPT EFMJDBEBNFOUF -VFHP DPSUB MB QBSUF
JOGFSJPSEFMUBMMPZMBUJSB4PQMBMBUJFSSBRVFIBRVFEBEPQFHBEBZMVFHPEFQPTJUBEFMJDBEBNFOUFFM
CPXBFOTVDVCP:BTDPOUJOB
,FOBTJTBCFRVFBMHVOPTCPXBTTFFODVFOUSBODFSDBEFDJFSUBTFTQFDJFTBSCSFBTZRVFUPEPTMPT
BPT FM NJTNP UJQP EF CPXB BQBSFDF FO MPT NJTNPT MVHBSFT 4BCF UBNCJO RVF BMHVOBT FTQFDJFT
OFDFTJUBOWBSJPTEBTEFMMVWJBTFHVJEPTEFTPMBOUFTEFBQBSFDFS NJFOUSBTPUSBTOFDFTJUBOVOBMMVWJB
QSPMPOHBEB "MHVOPT OFDFTJUBO QPDPT EBT QBSB DSFDFS EFTEF VO QFRVFTJNP DBSQGPSP IBTUB VO
CPXBMJTUPQBSBTFSSFDPMFDUBEP PUSPTDSFDFOFOQPDBTIPSBT&TUPFTJNQPSUBOUFQPSRVFFTBTRVF
TBCFDVBOEPSFHSFTBSBMNJTNPMVHBSQBSBCVTDBSVOOVFWPCPXB
,FOBTJ OPT FOTFB FM TFOEFSP IBDJB /BJTXF EPOEF JS NBBOB -MFWB USFT P DVBUSP IPSBT EF
DBNJOPMMFHBSIBTUBBIQVFEFRVFEBSTFVOBIPSBSFDPMFDUBOEPCPXBTZMVFHPSFHSFTBSFOPUSBTEPT
IPSBT&TOPSNBMRVFVOWJBKFEFSFDPMFDDJOEVSFTFJTIPSBTNTPNFOPT",FOBTJMFHVTUBMMFOBS
TVDVCP DFSDBEFQMBUPT
BOUFTEFSFHSFTBSBTVDBTB4JFNQSFWBTPMP QFSPQVFEFFODPOUSBSPUSPT
SFDPMFDUPSFTNJFOUSBTFTUFOMPTCPTRVFT"WFDFTTFJOUFSDBNCJBOJOGPSNBDJOTPCSFFMQBSBEFSPEF
MPTCPXBT QFSPOPTFDVFOUBDPOFMMPQPSRVFFT TJNQMFNFOUF VOBDVFTUJOEFTVFSUF VOPQVFEF
IBCFSQFSEJEPMPRVFMPTEFNTFODVFOUSBO
,FOBTJJSBSFDPMFDUBSCPXBTEFEPTBDJODPWFDFTFTUB
TFNBOB EFQFOEJFOEPEFMBEJTQPOJCJMJEBEEFMPTCPXBTZEFMPTDPNQSBEPSFT
"OUFSJPSNFOUF OP IBCB FVDBMJQUPT TJOP CPTRVFT BVUDUPOPT -PT CPXBT TF FODPOUSBCBO FO
HSBOEFT DBOUJEBEFT DFSDB EF MPT QPCMBEPT 0USB SB[O QPS MB DVBM UFOFNPT RVF DBNJOBS UBOUP FO
FTUPTEBTFTMBDBOUJEBEEFSFDPMFDUPSFT-BHFOUFWBFOCVTDBEFEJOFSP QPSMPUBOUPNTQFSTPOBO
QJFOTBOFOMBWFOUBEFCPXBT:PMPTFODVFOUSPTJFNQSF TJFMUJFNQPIBTJEPBEFDVBEP QFSPQVFEF
MMFWBSNVDIPUJFNQPMMFHBSBMMVHBSZUBNCJOMMFOBSFMDVCP
&TUB CSFWF OBSSBDJO EFTDSJCF FM UJQP EF QSPCMFNBT DPO MPT DVBMFT IBO UFOJEP RVF
FOGSFOUBSTF MPT SFDPMFDUPSFT ,FOBTJ TBCF EPOEF CVTDBS QFSP UBNCJO TBCF RVF EFCF
UFOFSTVFSUFQBSBFGFDUVBSVOBCVFOBSFDPMFDDJO)BDFVODPNFOUBSJPTPCSFMBQSEJEB
EFMPTCPTRVFTBVUDUPOPT EPOEFIBCBVOBBCVOEBOUFDBOUJEBEEFIPOHPT ZEJDFRVF
UJFOF RVF DBNJOBS NVDIP QBSB SFDPMFDUBS )4$ QPSRVF IPZ FO EB IBZ DBEB WF[ NT
SFDPMFDUPSFT
,FOBTJWJWFDFSDBEFMCPTRVFZGPSNBQBSUFEFVOBDPNVOJEBERVFEFQFOEFEFMPT
CPTRVFTEFNJPNCPQBSBTVBMJNFOUBDJO HBOBODJBTZSFGVHJP-BSFDPMFDDJOEFCPXBT
FTVOBGVFOUFJNQPSUBOUFEFJOHSFTPTQBSBM QFSPUBNCJOFTTMPVOBEFMBTGPSNBT
EFHBOBSTFMBWJEBDPOFMNJPNCP6ODSFDJFOUFONFSPEFQFSTPOBTIBBQSPWFDIBEPMB
PQPSUVOJEBEQBSBSFDPMFDUBS DPNPTPTUJFOF,FOBTJ QPSRVFFOMB[POBEPOEFWJWFFYJTUF
VOCVFODPNQSBEPSVCJDBEPFOVODBNJOPEFQFOFUSBDJODFSDBEFMCPTRVF
,FOBTJ FT VOB FYDFQDJO ZB RVF MPT SFDPMFDUPSFT EF .BMBXJ TPO QSJODJQBMNFOUF
NVKFSFT DPNPFOFMDBTPEFMB3FQCMJDB6OJEBEF5BO[BOB )SLOFO
ZEF
#VSVOEJ #VZDL C
&M$VBESPEFTDSJCFMPTSFDPMFDUPSFTZTVTQSDUJDBTFOVO
CVFO ONFSP EF QBTFT &O $IJOB MB NBZPS QBSUF EF MPT SFDPMFDUPSFT TPO IPNCSFT
&TQFDJF$BOUIBSFMMVT

$6"%30
3FDPMFDDJOEF)4$FOMB3FQCMJDB6OJEBEF5BO[BOB .YJDP 'FEFSBDJOEF3VTJB #IVUO 'JOMBOEJB *OEJB

Z$IJOB
"$5*7*%"%5&."
3&1#-*$"6/*%"%&5"/;"/"
{2VJOSFDPMFDUB
1SJODJQBMNFOUFMBTNVKFSFTZMPTOJPTBVORVFUBNCJOMPTIPNCSFTMPTMMFWBOBTVTDBTBTTJMPT
FODVFOUSBOBMDBNJOBS
3FDPMFDDJO
4FWBBQJFIBTUBMPTTJUJPT"DDFTPMJCSF/PFYJTUFONUPEPTFTQFDJBMFTEFSFDPMFDDJOOJMFZFT
FTQFDJBMFTQBSBMPTSFDPMFDUPSFT-BHFOUFTBMFUFNQSBOPQPSMBNBBOBBSFDPMFDUBSMPTEFCJEP
BMBDPNQFUFODJBRVFFYJTUFZTFPSJFOUBOTPCSFMBJNQPSUBODJBEFWFOEFSMPTFOMPTNFSDBEPT
MPDBMFT
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
-PTBODJBOPTDVZBTGBNJMJBTIBCBOWJWJEPFOFMNJTNPMVHBSEVSBOUFWBSJBTHFOFSBDJPOFTTBCBO
NTTPCSFMPTIPOHPTTJMWFTUSFT4FDPOTVNFONVDIBTNTFTQFDJFTFOMBTSFBTEFNJPNCPRVF
FOMBTDPMJOBT-PT#PMFUPTTPOFWJUBEPTiOJTJRVJFSBMPTNPOPTTFMPTDPNFSBOw TJOFNCBSHP
MPTNPOPTDPNFO#&EVMJTFO.BMBXJ
-BHFOUFDPOPDBNVZCJFOMBTFTQFDJFTWFOFOPTBT
"MHVOPTHSVQPTEFQFSTPOBTOPDPOTVNJSBOOJOHOUJQPEFIPOHPTDPNFTUJCMFT-BHFOUF
JOTUSVJEBIBPMWJEBEPDBTJUPEPBDFSDBEFMPTIPOHPTTJMWFTUSFT6OBEJTNJOVDJOBOMPHBTPCSF
MBTUSBEJDJPOFTMPDBMFTQVFEFTFSPCTFSWBEBFO.BMBXJZ;JNCBCXF
"$5*7*%"%5&."
.9*$0
{2VJOSFDPMFDUB
'BNJMJBTFJOEJWJEVPTEFBNCPTTFYPT-BTGPUPTEFMPTNFSDBEPTNVFTUSBTTPMBNFOUFNVKFSFT
WFOEJFOEP
3FDPMFDDJO
-PTSFDPMFDUPSFTDBNJOBOLNBMEBDBSHBOEPVOPTLHEFQSPEVDUPTQBSBTFSWFOEJEPTFO
FMBSDPEFIPSBT&TUPTQSPEVDUPTTPOUSBOTQPSUBEPTIBTUBLNOPFTDMBSPTJQPSQBSUFEF
MPTDPNFSDJBOUFTZPSFDPMFDUPSFT"DDFTPMJCSFBMPTTJUJPT&YJTUFOMFZFTOBDJPOBMFTRVFSFHVMBOMB
SFDPMFDDJOEFMBTTJFUFFTQFDJFTQSJODJQBMFT
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
4FSFDPMFDUBOUPEPTMPTUJQPTEFNBDSPNJDFUPT6OBHSBOUSBEJDJOEFVTPEFMPTIPOHPT
TJMWFTUSFT&TUFDPOPDJNJFOUPTFQJFSEFDVBOEPMBTQFSTPOBTFNJHSBOEFTEFMBT[POBTSVSBMFT
BMBTSFBTVSCBOBTMBBDFQUBDJOEFMPTIPOHPTTJMWFTUSFTEFCFSBNFOHVBSFTQFDJBMNFOUF
QPSFMDSFDJNJFOUPEFMBTFTQFDJFTDVMUJWBEBT&OHFOFSBMVOBCBKBGSFDVFODJBEFFQJTPEJPTEF
FOWFOFOBNJFOUP
"$5*7*%"%5&."
'&%&3"$*/%&364*"<4*#&3*">
{2VJOSFDPMFDUB
-BTGBNJMJBT
3FDPMFDDJO
"oLNEFMPTDPOGJOFTEFMPTQVFCMPTPEFMBTQBSBEBTEFMUSBOTQPSUFDPMFDUJWP"MHVOPTTF
EFTQMB[BOQPSLN/PIBZSFTUSJDDJPOFTBMBDDFTPBMPTTJUJPT FYDFQUP
FOMBTSFTFSWBTOBUVSBMFTZFOMPTQBSRVFTOBDJPOBMFT-BDPTFDIBEJBSJBQPESBTFSEFBLH
QPSQFSTPOBFOMBTCVFOBTUFNQPSBEBT
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
6OBMBSHBIJTUPSJBEFSFDPMFDDJORVFTFIBJOUFOTJGJDBEPDPOFMFNQFPSBSEFMBTJUVBDJO
FDPONJDB.VDIBTQFSTPOBTRVFOPTFQVFEFOQFSNJUJSBMJNFOUPTJNQPSUBEPT NJFOUSBTMB
EJTUSJCVDJOEFBMJNFOUPTBMJOUFSJPSEFMB'FEFSBDJOEF3VTJBIBEJTNJOVJEP5BNCJOMB
SFEVDDJOEFMBTPQPSUVOJEBEFTEFFNQMFPFOMBTNJOBTZFOMBTJOEVTUSJBTEFTJMWJDVMUVSB4F
SFDPMFDUBOVOBTFTQFDJFTMPT-BDUBSJVTEFMJDJPTVTZ#PMFUVTFEVMJTNTJNQPSUBOUFT-PT
FQJTPEJPTEFFOWFOFOBNJFOUPOPIBOTJEPFOVNFSBEPTQPSTFQBSBEPQBSBFTUBSFHJO TJO
FNCBSHP WBTFFOFM$VBESPMPTSFQPSUFTEFPUSBTQBSUFTEFMB'FEFSBDJOEF3VTJB
"$5*7*%"%5&."
#)65/
{2VJOSFDPMFDUB
-BTGBNJMJBT
3FDPMFDDJO
"QJF"MHVOPTBDBNQBOZFNQJF[BOBSFDPMFDDJPOBSDPOBOUPSDIBTFOMBNBESVHBEBQBSBFWJUBS
MBDPNQFUFODJB-PTUFSSBUFOJFOUFTMPDBMFTOPQFSNJUFORVFMPTUFSSBUFOJFOUFTEFPUSBT[POBT
WJTJUFOTVTSFBT&M/BUJPOBM.VTISPPN$FOUSFIBQSPQPSDJPOBEPFOUSFOBNJFOUPTPCSFVOB
DPTFDIBTPTUFOJCMFBGJORVFSPT)BZQSFPDVQBDJPOFTTPCSFFMEBPBMPTNJDFMJPTEFMPT
NBUTVUBLFTFOFMTVFMPQSPEVDJEPTQPSMPTNUPEPTEFSFDPMFDDJO
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
4FTBCFQPDPTPCSFMBTUSBEJDJPOFTDPOMPT)4$QFSPQBSFDFOFTUBSCJFOFTUBCMFDJEBT-BBUFODJO
IPZFOEB TFDFOUSBMJ[BFOMPTNBUTVUBLFTRVFUFOBOVOWBMPSCBKPMPDBMBOUFTEFFNQF[BSB
TFSFYQPSUBEPTB+BQO
"$5*7*%"%5&."
'*/-"/%*"
{2VJOSFDPMFDUB
/PTFIBOPUBEPOJOHVOBEJGFSFODJBEFHOFSPOJEFFEBEFT
3FDPMFDDJO
-PTSFDPMFDUPSFTWJBKBODPOUSBOTQPSUFQCMJDPPQSJWBEPIBTUBMPTTJUJPT)BZBDDFTPMJCSF
FYDFQUPFOMPTQBUJPTQSJWBEPT4FGPNFOUBBDUJWBNFOUFMBSFDPMFDDJOTFHVJEBEFMPTJOWFOUBSJPT
RVFEFNVFTUSBORVFTMPVOBNOJNBQSPQPSDJOEFUPEPTMPTIPOHPT
TJMWFTUSFTDPNFTUJCMFTFTVTBEBDBEBBP
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
"TFTPSBNJFOUPPGJDJBMQSPQPSDJPOBEPTPCSFMPTNFKPSFTIPOHPTRVFSFDPMFDUBS BQSJODJQJPT
QPSMBTDPOEJDJPOFTEFIBNCSFZEFTQVTQBSBGPNFOUBSVONFKPSVTPEFMPTSFDVSTPTTJMWFTUSFT
BMJNFOUJDJPT&OFMPFTUFEF'JOMBOEJBMPTLBSFMJBOPT DVZBTUSBEJDJPOFTEFSFDPMFDDJOZDPOTVNP
EFIPOHPTTPONVDIPNTGVFSUFT TBCPSFBOEJGFSFOUFTFTQFDJFT
"$5*7*%"%5&."
*/%*"<."%):"13"%&4)>
{2VJOSFDPMFDUB
5PEBMBGBNJMJB BVORVFMBTNVKFSFTTPONVDIPNTBDUJWBT
3FDPMFDDJO
-PTNJFNCSPTEFMBTUSJCVTNTDPOPDJEBTDPOICJUBUZQFSPEPTEFGSVDUJGJDBDJO/PIBZ
SFTUSJDDJPOFTBMBDDFTPBMPTTJUJPTEFSFDPMFDDJO
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
4FSFDPMFDUBONVDIBTFTQFDJFT
"$5*7*%"%5&."

$)*/"<:6//"/>
{2VJOSFDPMFDUB
-PTIPNCSFTUJFOFONBZPSJOUFSTFOMBSFDPMFDDJO
3FDPMFDDJO
-BTQFSTPOBOOPWBOBSFDPMFDUBSEFGPSNBSFHVMBSQPSRVFMBTFTQFDJFTDVMUJWBEBTTPOEJTQPOJCMFT
EVSBOUFUPEPFMBP
5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
4MPMBTSFBTNPOUBPTBTTPOWJTJUBEBT FMNBZPSONFSPDPOUBEPQPSVOIPNCSFGVFEF
FTQFDJFTDPNFTUJCMFT-BHFOUFUJFOFVOBCVFOBDPHOJDJOEFMBTFTQFDJFTWFOFOPTBT
"$5*7*%"%5&."
$)*/"<4*$)6"/:3&"4"'*/&4>
{2VJOSFDPMFDUB
/PTFBMBEP
3FDPMFDDJO
1SFPDVQBDJPOFTTPCSFMBEJTNJOVDJOFOMBQSPEVDDJOEFNBUTVUBLFTFOMB1SFGFDUVSB
"VUOPNBEF%FHFO5JCFUBOPBMOPSPFTUFEF:VOOBO5JFOFFMQPSDFOUBKFNTBMUPEFEFDMJOP
FOMBQSPEVDUJWJEBE&TUPFTUSFMBDJPOBEPDPOMBTQTJNBTUDOJDBTEFDVMUJWBDJO SBTUSJMMFP

-BWFOUBQPSUBNBPTGPNFOUBMPTNUPEPTEBJOPTEFSFDPMFDDJO/PIBZEJTNJOVDJOFO
MBQSPEVDUJWJEBEFOFMWBMMFEF-JUPOHT+VNCBEPOEFTFWFOEFOBMQFTP-PTSFDPMFDUPSFTEF
$PSEZDFQTTJOFOTJTFOFMDPOEBEPEF-JUBOHFTUODPOGJOBEPTBMPTUFSSFOPTEFQBTUPSFPMFHBMP
FOMPTCPTRVFTEPOEFUJFOFOEFSFDIPEFBDDFTP-BTQFSTPOBTEFGVFSBEFCFOQBHBSVOBDVPUB
BMBZVOUBNJFOUPMPDBMQBSBMBSFDPMFDDJO MPRVFIBQSPEVDJEPBMHVOPTDPOGMJDUPT-BSFDPMFDDJO
EFPUSBTFTQFDJFTDPNFTUJCMFTTFEBFO[POBTWBTUBT 3JKTPPSUZ1JLVO

5SBEJDJPOFTMPDBMFT
TFMFDDJOEFMPT
FTQFDNFOFT
6OBHSBOUSBEJDJOEFSFDPMFDDJOEFMBTFTQFDJFTDPNFTUJCMFTZNFEJDJOBMFT-PTNBUTVUBLFTOP
FSBODPNONFOUFSFDPMFDUBEPTBOUFTEF
'VFOUFT3&1#-*$"6/*%"%&5"/;"/"o)SLOFO .9*$0o#BOEBMB .POUPZBZ$IBQFMB .POUPZB&TRVJWFMFU

BM ZXXXTFNBSOBUHPCNY'&%&3"$*/%&364*"o7MBEZTIFWTLJZ -BMFUJOZ7MBEZTIFWTLJZ #)65/o/BNHZFM
'*/-"/%*"o)SLOFO 1FLLBSJOFOZ.BMJSBOUB */%*" ."%):"13"%&4)
o)BSTI 3BJZ4POJ $)*/" :6//"/

o)SLOFO $)*/" 4*$)6"/ZSFBTBGJOFT
o8JOLMFS :FI
&O.YJDP EPOEFFYJTUFVOBDPTFDIBFYUFOTJWBDBEBBP TPOIPNCSFTZNVKFSFT&O

.BMBXJ FM UJFNQP NYJNP VUJMJ[BEP QBSB MB SFDPMFDDJO EF )4$ Z TV USBOTQPSUF BM
NFSDBEPFTNFOPTEFIPSBT$VBMRVJFSSFUSBTPZMBTTFUBTQBSBMBWFOUBTFEFUFSJPSBO
ZTFEFTWBMPSJ[BO-BTNVKFSFTEFMBSFHJOEF.[JNCB BMOPSUFEF.BMBXJ DBNJOBO
IBTUB LJMNFUSPT QBSB MMFHBS BM NFSDBEP NT DFSDBOP FO .[V[V &TUP MJNJUB MB
SFDPMFDDJO B VOB KPSOBEB EF USBCBKP EF TFJT IPSBT JODMVZFOEP JEB Z WVFMUB
EF TVT
DBTBT -PXPSF .VOUIBMJZ#PB
-BTEJTUBODJBTFOUSFTVTDBTBT MPTCPTRVFTZMPT
DPNQSBEPSFTTPONTSFEVDJEBTFO-JXPOEF DFSDBEF;PNCB -PXPSFZ#PB

HSBDJBTBMBQSPYJNJEBEEFMBDBSSFUFSBQSJODJQBMVOQVOUPEFWFOUBNVZDPNOQBSB
MPT)4$FONVDIPTQBTFTBGSJDBOPT *MVTUSBDJO

&OMB'FEFSBDJOEF3VTJBZ6DSBOJBUPEBMBGBNJMJBWBBFTUPTWJBKFTEFSFDPMFDDJO
MPRVFQBSFDFTFSNTVOBDPOUFDJNJFOUPTPDJBMRVFVOBSFDPMFDDJOQBSBMBWFOUB-BT
EJTUBODJBTSFDPSSJEBTIBTUBMPTTJUJPTNFKPSFTQVFEFOTFSTVTUBODJBMFT $VBESP
-PT
JONJHSBOUFTSFDPMFDUBO)4$FOMBCJPSFHJOEF,MBNBUI $BSPMJOBEFM/PSUF
NVDIPT
EFFMMPTEFMTVEFTUFBTJUJDP 3JDIBSETZ$SFBTZ
BUSBEPTQPSMBTPQPSUVOJEBEFT
EFUSBCBKP.VZQSPOUPBQSFOEFORVFMBDPNQFUFODJBFTGFSP[ZRVFOPTFHBSBOUJ[BO
MBT HBOBODJBT )B IBCJEP DPOGMJDUPT FOUSF SFDPMFDUPSFT Z VOB EFTDPOGJBO[B HFOFSBM EF
MBHFOUFEFMTVEFTUFBTJUJDP FOQBSUFEFCJEPBTVFTDBTPJOHMTZBMBGBMUBEFSFTQFUP
EF MBT MFZFT TPCSF EOEF SFDPMFDUBS 6O JOGPSNF EF VO SFDPMFDUPS FTUBEPVOJEFOTF EF
NBUTVUBLF .PPSF
PGSFDFVOBWFSTJOQFSTPOBMEFBMHVOPTBOUBHPOJTNPTRVFMB
NBOPEFPCSBJONJHSBOUFUJFOFRVFTVQFSBS DPOYJUPFOFTUFDBTPQBSUJDVMBS

$VBOEP IBZ EJOFSP EF QPS NFEJP FO MB SFDPMFDDJO EF MPT )4$ TVSHFO BMHVOPT
QSPCMFNBT BWFDFTFOHSBOEFDJEPTQPSIJTUPSJBTFYBHFSBEBTEFQPTJCMFTHBOBODJBT-BT
QPCMBDJPOFT EF 4JDIVBO DPNQSPNFUJEBT FO CBUBMMBT DPOUJOVBT QBSB EFUFSNJOBS MPT
EFSFDIPTMPDBMFTEFMPTTJUJPTEFNBUTVUBLFT DVMNJOBSPODPOFMTBCPUBKFEFMBTGVFOUFT
EF BHVB RVFEOEPTF TJO BCBTUFDJNJFOUP EF FTUF MRVJEP WJUBM EVSBOUF EBT
Z DPO
MB EFTUSVDDJO EF VO QVFOUF JNQPSUBOUF 6O QPCMBEP BNFOB[ OP TPMBNFOUF DPO MB
DPOUJOVBDJOEFMUSBTUPSOPEFMBWJEBEFMQPCMBEPSJWBM TJOPUBNCJODPOiFTDPOEFSMBT
QJF[BTEFMBTDBFSBTFOFMCPTRVFEFUBMGPSNBRVFOPQVEJFSBOTFSSFQBSBEBTu :FI

5BMFTDPOGMJDUPTTPOSBSPTQFSP DVBOEPFMEJOFSPTFWVFMWFFMQSJODJQBMPCKFUJWP
EFMBSFDPMFDDJO MBPSEFOBDJOEFMPTSFDPMFDUPSFT ZFMBDDFTPBMPTTJUJPT
OFDFTJUBO
VOBBEKVEJDBDJODVJEBEPTB

-BNBZPSQBSUFEFMPTSFDPMFDUPSFTUSBCBKBOBMMBEPEFMPTEFNTTJOOJOHOQSPCMFNB
&TUPOPTJHOJGJDBRVFOFDFTBSJBNFOUFDPPQFSBOFOMBDPTFDIB&OFMOPSUFEF&TQBB MPT
OTDBMPT -BDUBSJVT EFMJDJPTVT
TPO WFOEJEPT B MPT DPNQSBEPSFT EF $BUBMVB HBOBOEP
QFRVFBTQFSPUJMFTDBOUJEBEFTEFEJOFSP*ODMVTPMPTNFKPSFTBNJHPTSFITBOSFWFMBS
MBVCJDBDJOEFMPTTJUJPTGBWPSJUPT EF3PNO DPNVOJDBDJOQFSTPOBM5SBEFJO
OTDBMPTGSPN/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO

-BSFDPMFDDJODPNFSDJBMEFIPOHPTTJMWFTUSFTFTVOBBDUJWJEBESFDJFOUFZFOQFRVFB
FTDBMBFO&TDPDJB"OUFSJPSNFOUFIBCBSFDPMFDDJPOFTFTQPSEJDBTZNFOPSFTQBSBVTP
QFSTPOBM -PT UFSSBUFOJFOUFT EF MBT SFBT GPSFTUBMFT QSJWBEBT JOWPMVDSBEBT FYQSFTBSPO
NVDIBQSFPDVQBDJOTPCSFMBBGMVFODJBEFSFDPMFDUPSFT %ZLFZ/FXUPO

x "DDFTPOPBVUPSJ[BEPEFSFDPMFDUPSFTFOTVTUJFSSBT
x 1SEJEBEFHBOBODJBTMPTQSPQJFUBSJPTOPTFCFOFGJDJBCBOEFMBSFDPMFDDJOFOTVT
UJFSSBTUBNQPDPQPEBOHBOBSEJOFSPPSHBOJ[BOEPKPSOBEBTEFSFDPMFDDJOTJMBT
TFUBTZBIBCBOTJEPSFDPHJEBT
x %BPTBMPTSFDVSTPT )4$ZFMCPTRVF

x $POGMJDUPT DPO MB DB[B VOB GVFOUF JNQPSUBOUF EF HBOBODJB QBSB BMHVOPT
UFSSBUFOJFOUFT

&M QPS DJFOUP EF MPT SFDPMFDUPSFT FOUSFWJTUBEPT FO &TDPDJB OP TBCBO B RVJFO
QFSUFOFDBOMBTUJFSSBTEPOEFSFDPMFDUBCBO&TUFFTUVEJPFTVOCVFOFKFNQMPTPCSFDNP
SFDPHFSJOGPSNBDJOQBSBFMEFTBSSPMMPEFMPTQMBOFTEFHFTUJO
-PTSFDPMFDUPSFTQSPWJFOFOEFVOBBNQMJBFTGFSBEFDMBTFTTPDJBMFT QFSPMBJNQSFTJO
HFOFSBM FT RVF TPO QPCMBDJPOFT SVSBMFT QPCSFT RVF IBO WJWJEP USBEJDJPOBMNFOUF FO FM
DBNQPZQBSBMBTDVBMFTMPT)4$TPOVOBGVFOUFEFBMJNFOUPHFOFSBMNFOUFOPSFHJTUSBEB
%F,FTFM $PEKJBZ:PSPV

.50%04%&$04&$)":&/'026&4
-BDPTFDIB
&M JNQBDUP EF MB DPTFDIB EF )4$ FT GSFDVFOUFNFOUF FMFWBEP Z VO FTUVEJP SFDJFOUF
TVNJOJTUSBVOTVNBSJPEFBZVEBTPCSFMPTBSHVNFOUPTGVOEBNFOUBMFTRVFFTUBNPTQPS
FYQMPSBSEFUBMMBEBNFOUF 1JM[Z.PMJOB

-B SFDPMFDDJO EF )4$ TF DPNQBSB TJFNQSF DPO FM DPSUF EF GSVUBT EF VO SCPM
$PSUBS UPEBT MBT GSVUBT OP BGFDUB MB TJHVJFOUF DPTFDIB B NFOPT RVF TF EBF FM SCPM
QFSP QPESB QSPEVDJS JNQBDUPT FO MB SFHFOFSBDJO &TUP QBSFDF TFS WFSEBEFSP QBSB
MPT )4$ QFSP TVSHFO BMHVOBT EVEBT MB SFNPDJO EF MPT DBSQGPSPT DFSSBEPT OP
QFSNJUFFMFTQBSDJNJFOUPEFMBTFTQPSBT&OBMHVOBT[POBTEF*UBMJBMBTMFZFTQSPICFO
MB SFDPMFDDJO EF MPT QSJNFSPT SFCSPUFT EF BMHVOBT FTQFDJFT DPNFTUJCMFT ;BNCPOFMMJ
DPNVOJDBDJO QFSTPOBM 5SVGGMFT BOE DPMMFDUJOH QPSDJOJ JO *UBMZ
&TUP UJFOF
UBNCJOVOTFOUJEPQSDUJDP ZBRVFMPTQSJNFSPTDBSQGPSPTHFOFSBMNFOUFTPOEBBEPT
QPSMPTJOTFDUPT"MHVOPTSFDPMFDUPSFTEFTQMJFHBOFMTPNCSFSPEFMBTTFUBTQBSBQFSNJUJS
MBEJTQFSTJOEFMBTFTQPSBT
6O FTUVEJP FO 4VJ[B SFWFM RVF MB SFDPMFDDJO EF MPT DBSQGPSPT EF FTQFDJFT
EF NBDSPNJDFUPT FO VO QFSPEP EF EJF[ BPT OP UFOB FGFDUPT TJHOJGJDBUJWPT FO MB
QSPEVDDJO &HMJ "ZFSZ$IBUFMBJO
4JMPTTVFMPTTPODPNQBDUPTZFMMFDIPEF
IPKBTFTQJTPUFBEPTFQVFEFBGFDUBSMBQSPEVDDJO-BFYDBWBDJOJOEJTDSJNJOBEBFOMB
CTRVFEB EF USVGBT QPS FKFNQMP FT EBJOB &M SBTUSJMMFP EVSBOUF MB CTRVFEB EF MPT
NBUTVUBLFTKWFOFTFJONBEVSPT RVFQVFEFOTFSWFOEJEPTBVOQSFDJPNBZPS
EBBMPT
NJDFMJPTQSFTFOUFTFOMBTDBQBTTVQFSJPSFTEFMTVFMP&TUPTFQVFEFFWJUBSJEFOUJGJDBOEP
EFBOUFNBOPMBTSFBTQPTJCMFTEFNBUTVUBLFT MVFHPVTBOEPMBTNBOPTQBSBMPDBMJ[BSMBT
QSPUVCFSBODJBTRVFBOVODJBOMBTBMJEBJONJOFOUFEFDBSQGPSPT "SPSB

-B NBZPSB EF MBT FTQFDJFT EF IPOHPT DPNFTUJCMFT TPO SFDPMFDUBEBT TJO DBVTBS
EBPT EBEP RVF TVT DBSQGPSPT Z QBSUFT DPNFTUJCMFT FTUO UPEBT TPCSF MB UJFSSB -B
SFDPMFDDJO EF USVGBT TQ 5VCFS
HFOFSBMNFOUF FT FGFDUVBEB DPO QFSSPT FOUSFOBEPT
*MVTUSBDJO
&MVTPUSBEJDJPOBMEFDFSEPTEFUSVGBTIBTJEPQSPIJCJEPFO*UBMJBQPSRVF
FTEJGDJMDPOUSPMBSMPTZQPSRVFBWFDFTTFMBTDPNFO &O$IJOBOPTFVUJMJ[BOQFSSPT
FOMBSFDPMFDDJOEFUSVGBTZMBTFYDBWBDJPOFTQPSEPRVJFSFGFDUVBEBTQBSBMPDBMJ[BSMPT
DBSQGPSPTBGFDUBSOMBTQSPEVDDJPOFTGVUVSBT
&M FTUVEJP TVJ[P UBNCJO FWJEFODJ FM FGFDUP EFM QJTPUFP FO MB QSPEVDDJO EF VOB
FTQFDJF EF SFCP[VFMPT 4JO FNCBSHP TF SFTUBCMFDJ FM SFOEJNJFOUP iOPSNBMu VOB WF[
RVFGVFFMJNJOBEPFMQSPCMFNBEFMQJTPUFP &HMJ "ZFSZ$IBUFMBJO
RVF EFUPEBT
GPSNBT OPFTDPOTJEFSBEPVOBGVFOUFEFEBPDPNO&MONFSPEFSFDPMFDUPSFTQPS
SFB VOJUBSJB EF CPTRVFT FT HFOFSBMNFOUF CBKP Z OP IBZ FWJEFODJBT EF RVF FM QJTPUFP
IBZB BGFDUBEP FM SFOEJNJFOUP FO .BMBXJ QPS FKFNQMP -B SFDPMFDDJO DPNFSDJBM OP
JODSFNFOUBMBQSFTJOFOMPTTJUJPTZBRVFMPT)4$DSFDFOTJFNQSFFOVOBBNQMJBSFBZ
MPTSFDPMFDUPSFTTFNBOUJFOFOTFQBSBEPTEVSBOUFMBCTRVFEB
"VNFOUBSMBQSPEVDUJWJEBE
-B EJTNJOVDJO FO MB QSPEVDDJO EF NBUTVUBLFT FO +BQO FO JNQVMT
JOWFTUJHBDJPOFT TPCSF DPNP NBYJNJ[BS FM SFOEJNJFOUP JO TJUV 4F MPHS BMHO TVDFTP
BVORVF FM JODSFNFOUP BMDBO[BEP FO MB QSPEVDDJO OP MPHS DPOUFOFS MB EJTNJOVDJO
HFOFSBM&OMB3FQCMJDBEF$PSFBBMHVOPTNUPEPTJODMVZFSPOMBJSSJHBDJOZFMDPOUSPM
EFMBWFHFUBDJO ,PPZ#JMFL
&O'JOMBOEJBGVFSPOFYBNJOBEPTUSBUBNJFOUPTBMB
TVQFSGJDJFEFMTVFMPQBSBFMBVNFOUPEFMBQSPEVDDJOEF(ZSPNJUSBFTDVMFOUB +BMLBOFO
Z +BMLBOFO
&TUPT FOGPRVFT TPO QPUFODJBMNFOUF DPTUPTPT Z OP TF TBCF RVF UBO
WBMJPTPTIBZBOTJEPQBSBJODSFNFOUBSFMSFOEJNJFOUPGJOBODJFSP
6OBBMUFSOBUJWBFTMBPSEFOBDJOGPSFTUBMFOGPSNBUBMRVFJODSFNFOUFMBQSPEVDDJO
EF MPT )4$ "MHVOBT UFOUBUJWBT IBO TJEP FGFDUVBEBT FO FM 1BDGJDP OPSPFTUF EF
/PSUFBNSJDB QBSB OJWFMBS MB QSPEVDDJO NBEFSFSB Z EF )4$ 8FJHBOE
-BT
DPODMVTJPOFTEFVOFTUVEJPTPCSFMBPSEFOBDJOEFMBTDPOGFSBTBVUDUPOBTFOMPT&TUBEPT
6OJEPTZMBQSPEVDDJOEF)4$ JODMVZFOEPMPT5SJDIPMPNBNBUTVUBLFZMPTSFCP[VFMPT
TQ$BOUIBSFMMVT
FTUOSFTVNJEBTFOMPTTJHVJFOUFTJODJTPT 1JM[Z.PMJOB

x -BT DPSUBT B IFDIP QFSUVSCBO MB QSPEVDDJO EF MB NBZPS QBSUF EF MPT IPOHPT
FDUPNJDPSS[JDPTDPNFTUJCMFTQPSNTEFEJF[BPT4PMBNFOUFTFSFDVQFSBVOBWF[
RVFIBOTJEPSFTUBCMFDJEPTMPTIPOHPTFOMPTSCPMFTRVFTPOMPTVGJDJFOUFNFOUF
WJFKPTQBSBQSPQPSDJPOBSMPTOVUSJFOUFTOFDFTBSJPT
x 6O SPEBM NFOPT FTQFTP EPOEF FTUBT FTQFDJFT BSCSFBT TPO SFNPWJEBT
TFMFDUJWBNFOUF QBSB BMFOUBS FM DSFDJNJFOUP EF MBT SFTUBOUFT Z QBSB FMJNJOBS MPT
FTQFDNFOFTFOGFSNPT
GBDJMJUBFMBDDFTPBMBMMVWJBZBMBMV[TPMBSZVONPKBEPZ
TFDBEPNTSQJEPTEFMTVFMPEFMCPTRVF6OBUBMBQFTBOUFFOVOTJUJPEFBCFUPT
%PVHMBTSFEVKPEFMQPSDJFOUPMBQSFTFODJBEFSFCP[VFMPTFOMPTBPTTJHVJFOUFT
6OBUBMBNFOPTGSFDVFOUFQPESBBZVEBSBNBOUFOFSMBQSPEVDDJOEFIPOHPTQFSP
MB DBSFODJB EF QSPEVDDJO FO MPT CPTRVFT NBEFSFSPT QPESB DPOUSBSSFTUBS FTUPT
CFOFGJDJPT
x -BDPNQBDUBDJOEFMPTTVFMPTEFMBTPQFSBDJPOFTEFUBMBSFEVDFMBQSPEVDUJWJEBE
NJFOUSBT MB SFNPDJO EF MBT SBNBT NT HSBOEFT WVFMWFO NT GDJM Z TFHVSP
FODPOUSBS IPOHPT TJMWFTUSFT TJO JODSFNFOUBS OFDFTBSJBNFOUF MB QSPEVDUJWJEBE EF
CBTF
&MBTQFDUPDSUJDPFOFMGPSUBMFDJNJFOUPEFMBQSPEVDDJOEF)4$FTTVJNQPSUBODJB
FDPONJDBDPNQBSBEBBMWBMPSEFMCPTRVFNBEFSFSPZEFPUSPTVTVBSJPTEFCPTRVFT
&TUPTFFOUJFOEFNVZQPDP HFOFSBMNFOUF QPSRVFIBDFOGBMUBEBUPTQSFDJTPTTPCSFFM
WBMPSEFMBTDPTFDIBT
.&%*3-"130%6$$*/
&MSFOEJNJFOUP
&O FM $VBESP IFNPT SFTVNJEP MB JOGPSNBDJO TPCSF MPT FTUVEJPT FYQFSJNFOUBMFT
MMFWBEPTBDBCPFODJODPQBTFT&TEJGDJMIBDFSDPNQBSBDJPOFT QPSRVFBMHVOPTFTUVEJPT
JODMVZFO UPEBT MBT FTQFDJFT DPNFTUJCMFT NJFOUSBT PUSPT NJEFO MB QSPEVDUJWJEBE EF

$6"%30
3FOEJNJFOUPEFMPTIPOHPTTJMWFTUSFTFOBMHVOPTQBTFT
1"4
%&5"--&440#3&&-3&/%*.*&/50"/6"-
$"/5*%"%
LHIB
'6&/5&4
&TUBEPT6OJEPT
1BDGJDPOPSPFTUF
B
5SJDIPMPNBNBHOJWFMBSF C
TQQ.PSDIFMMB
D
TQQ$BOUIBSFMMVT
B
o
C
o
D
o
1JM[Z.PMJOB
&TUPOJB OPSPFTUF
1SPNFEJPEFUPEPTMPTIPOHPTDPNFTUJCMFTFOUSFT

TJUJPT EFBBM
,BMBNFFTZ4JMWFS
&TUPOJB OPSPFTUF
1SPDFEJEF B
4VJMMVTWBSJFHBUVToVOTJUJPZEF
C
-BDUBSJVTSVGVToUSFTTJUJPT
B

C

,BMBNFFTZ4JMWFS
'FEFSBDJOEF3VTJB i-PTIPOHPT DPNFTUJCMFT

NTQPQVMBSFTw
4JCFSJBDFOUSBM
o
7MBEZTIFWTLJZ -BMFUJOZ
7MBEZTIFWTLJZ
'FEFSBDJOEF
3VTJB "SLIBOHFMTL
B
-BDUBSJVTUPSNJOPTVT C
iIPOHPEFTPNCSFSP
SPKPwFTQFDJF3VTTVMB {
B
o
C

$IJCJTPWZ%FNJEPWB
'JOMBOEJB OPSUF
5PEPTMPTIPOHPTDPNFTUJCMFTFO4PULBNP B

Z C

B

C

,PJTUJOFO
'JOMBOEJB
(ZSPNJUSBFTDVMFOUB OPUFMBTGMVDUVBDJPOFT
ZCVFOPZFTDBTP
NFEJPDSF
o
+BMLBOFOZ+BMLBOFO
.YJDP
5PEBTMBTFTQFDJFTDPNFTUJCMFTEFEPTTJUJPT

-QF[ $SV[Z;BNPSB
.BSUOF[
.YJDP 7FSBDSV[
5PEBTMBTFTQFDJFTDPNFTUJCMFT EPTTJUJPT B
Z C

FOZSFTQFDUJWBNFOUF
B

C

7JMMBSSFBMZ(V[NO
B
.YJDP 7FSBDSV[
B
4VJMMVTHSBOVMBUVT C
$BOUIBSFMMVTDJCBSJVT D

"NBOJUBDBFTBSFB E
#PMFUVTFEVMJT1BSBZ
SFTQFDUJWBNFOUF
B

C

D
OE
E

7JMMBSSFBMZ(V[NO
B
&TUBTDBOUJEBEFTTPOEFQSPEVDUPTQFTPGSFTDP PTFQSFTVNFRVFMPTFBO
-BTCBTFTEFEBUPTEF7JMMBSFBMZ(V[NOTFCBTBOFOMB

FYUSBQPMBDJOEFEPTSFBTQFSNBOFOUFTEFN FODBEBTJUJP
&MEBPDBVTBEPQPSMPTJOTFDUPTSFEVDFMBTDBOUJEBEFTDVMUJWBEBTEFFTQFDJFTDPNFTUJCMFT FYDMVZFOEPMBT-SVGVTEFMQPSDJFOUP
BQSPYJNBEBNFOUF
OEOPIBZEBUPTEJTQPOJCMFT
FTQFDJFTJOEJWJEVBMFT-PTNUPEPTEFNVFTUSBTUBNCJODBNCJBO DPOQBSDFMBTZSFBT
UPUBMFTPCTFSWBEBTBNFOVEP EFNBTJBEPQFRVFBTQBSBDPODMVTJPOFTHFOFSBMFT
-PT SFTVMUBEPT EF .YJDP JOEJDBO RVF QVFEFO TFS QSPEVDJEPT IBTUB LH EF
)4$ QPS IB FO VO CVFO BP -PT SFOEJNJFOUPT EF PUSPT QBTFT TPO HFOFSBMNFOUF
NFOPSFT BMSFEFEPS EF LH QPS IB Z BO NFOPSFT &TUBT WBSJBDJPOFT OBUVSBMFT TF
EBOEFBPFOBP 7JMMBSSFBMZ(V[NO 7JMMBSSFBMZ(V[NO BC
Z
TJO MPT EBUPT DSPOPMHJDPT FT EJGDJM QMBOUFBS DPODMVTJPOFT UJMFT TPCSF MB QSPEVDDJO
EFVOTPMPBP)BZVOBFYJHFODJBFGFDUJWBEFNFKPSBSMBDVBMJEBEZMBFTGFSBEFEBUPT
TPCSFFMSFOEJNJFOUP)BOTJEPFYQSFTBEBTQSFPDVQBDJPOFTTPCSFMBiEJTNJOVDJOEFM
SFOEJNJFOUPu BVORVF FYJTUF MB GBMUB EF EBUPT QVCMJDBEPT RVF QFSNJUJSBO VO FYBNFO
NT EFUBMMBEP EF MPT JNQBDUPT EF MB SFDPMFDDJO DPNFSDJBM FO 1PSUVHBM #BQUJTUB
'FSSFJSB
ZFOMB'FEFSBDJOEF3VTJB ,PWBMFOLP
QPSFKFNQMP
&OFM$VBESPTFSFTVNFOMPTEBUPTOBDJPOBMFTEFBMHVOPTQBTFTTPCSFMBTDBOUJEBEFT
DPTFDIBEBTEFNVDIBTFTQFDJFTDPNFSDJBMFT-BQSPEVDDJOUPUBMFODVBMRVJFSQFSPEP
EBEPTFSNBZPS-PTEBUPTEFMPTQBTFTFOEFTBSSPMMPTPOSFQSFTFOUBEPTFTDBTBNFOUFZ
IBTJEPFGFDUVBEPVOUFOUBUJWPEFFTUJNBSMBQSPEVDDJOQPUFODJBMEFMFTUBEPEF5MBYDBMB
FO.YJDP EPOEFTPOBNQMJBNFOUFSFDPMFDUBEPTMPT)4$5MBYDBMBUJFOFIBEF
CPTRVFT EF MPT DVBMFT IB TPO DPOGFSBT Z EF IPKBT BODIBT -BT SFBT SFTUBOUFT
UJFOFOTPMPFTQFDJFTBSCSFBTEFIPKBTBODIBT6OSFOEJNJFOUPQPUFODJBMEFLHQPS
IB QPS BP EF )4$ FO MBT IB QSPQPSDJPOBSB VOB DPTFDIB QPUFODJBM EF
UPOFMBEBT 6OP EF MPT GBDUPSFT SFTUSJDUJWPT QSJODJQBMFT TJ OP FM GBDUPS QSJODJQBM FO MB
DBOUJEBEDPTFDIBEBZWFOEJEB FTFMUJFNQPFNQMFBEPQBSBSFDPMFDUBSZMMFWBSMPTIPOHPT
IBTUBVOQPTJCMFQVFTUPEFDPNQSBT
-B QSFHVOUB JNQPSUBOUF TPCSF DVOUP EF MB QSPEVDDJO UPUBM FT BDUVBMNFOUF
DPTFDIBEPFODVBMRVJFSUFNQPSBEB TFRVFEBMBNBZPSQBSUFEFMBTWFDFTTJOSFTQVFTUB
JODMVTPQBSBMBTFTQFDJFTDPNFSDJBMFTEF)4$

$6"%30
1SPEVDDJOOBDJPOBMEFIPOHPTDPNFTUJCMFT
1"4
5&. )4$
$"/5*%"%
UPOFMBEBT
'6&/5&
#JFMPSSVTJB
i3FDVSTPTwEFB

.BMZJ
$BOBE
&YQPSUBDJOBOVBMFTUJNBEB
o
EF(FVT
$BOBE
3FCP[VFMPT CPMFUPTZIPOHPTDPMNFOJMMB
iFYQPSUBEPTFOVOBCVFOBUFNQPSBEBwi

8JMMTZ-JQTFZ
$IJOB
1SPEVDDJOEFCPMFUPT-BDUBSJVTEFMJDJPTVTZ
iPUSPTw {IPOHPTTJMWFTUSFTDPNFTUJCMFT

4VOZ9V
&TUBEPT6OJEPT
8" *%
5PEPTMPTIPOHPTTJMWFTUSFTSFDPMFDUBEPTQBSBFM
DPNFSDJP

4DIMPTTFSZ#MBUOFS
&TUPOJB
1SPNFEJPBOVBMEFFYQPSUBDJOo

1BBM
'FEFSBDJO
EF3VTJB
"SLIBOHFMTL
3FDPMFDUBEPTBOVBMNFOUFQPSMBQPCMBDJOMPDBM
FO
$IJCJTPWZ%FNJEPWB
'JOMBOEJB
3FOEJNJFOUPTFO B
C
Z D

B

C

D

)SLOFO
1PMPOJB
1SPEVDDJOEFIPOHPT TJMWFTUSFT
DPNFTUJCMFT
FO

#VLPXTLJ
&TUBTDBOUJEBEFTTPOEFQSPEVDUPTQFTPGSFTDPPRVF FOBVTFODJBEFPUSBJOGPSNBDJO TFQSFTVNFRVFMPTFBO-PT

EBUPTTPCSFMBQSPEVDDJOEFMPTQBTFTCPSFBMFTZEFUFNQFSBUVSBTGSBT QFK-JUVBOJB
GVFSPOEJTQPOJCMFTEFNBTJBEP
UBSEFQBSBQPEFSMPTJODMVJSFOFTUFDVBESP -VOE 1BKBSJZ,PSIPOFO
#VTRVFMBJOGPSNBDJOSFMBDJPOBEBTPCSFFM
&MJOWFOUBSJP
)BOTJEPFGFDUVBEPTFTGVFS[PTDPOKVOUPTQBSBDBMDVMBSMBQSPEVDUJWJEBEEFMBTFTQFDJFT
DPNFSDJBMFTEF)4$FO/PSUFBNSJDB 1JM[Z.PMJOB
&OGPRVFTBOMPHPTGVFSPO
VUJMJ[BEPTFO.BMBXJQBSBEBSTFHVJNJFOUPBMBQSPEVDDJOEFMBTFTQFDJFTDPNFTUJCMFT
.FLFJO#PBFUBM
6OUPUBMEFNNEFQBSDFMBTGVFSPOFWBMVBEBTFO
DJODPCPTRVFT EFNJPNCP
BVUDUPOPTEFBZMPTSFTVMUBEPTJOJDJBMFTQVFTUPT
BEJTQPTJDJOFOXXXNBMBXJGVOHJPSH-BJOGPSNBDJOSFDPHJEBJODMVZFFMONFSPZ
FMQFTPEFMPTDBSQGPSPTZTVQSPYJNJEBEBMPTSCPMFT QBSBFYBNJOBSMBTBTPDJBDJPOFT
NJDPSS[JDBT

-PT DBSQGPSPT EF MPT NBDSPNJDFUPT TVSHFO FO VO SFB QPUFODJBMNFOUF FYUFOTB Z
QPS FTUB SB[O TF SFDPNJFOEB QBSB MB SFDPMFDDJO EF EBUPT TPCSF FM SFOEJNJFOUP FM
VTPEFQBSDFMBTMBSHBTZFTUSFDIBT DPNPQSFDFEFOUFNFOUFEFUFSNJOBEP&TUPUBNCJO
NJOJNJ[B FM EBP DBVTBEP QPS FM QJTPUFP EFM QFSTPOBM EF DBNQP -B GSFDVFODJB EF
PCTFSWBDJPOFT EFQFOEF EF DVBOEP BQBSFDF VOB FTQFDJF QBSUJDVMBS -PT SFDPMFDUPSFT
MPDBMFTIBOQSPCBEPVOBGVFOUFEFJOGPSNBDJOUJMFO.BMBXJ
4FOFDFTJUBONTZNFKPSFTEBUPTTPCSFFMSFOEJNJFOUPZMBQSPEVDUJWJEBEQBSBBZVEBS
BEFTBSSPMMBSQMBOFTEFHFTUJO6MUFSJPSFTDPOTFKPTTPCSFMPTNUPEPTEFFWBMVBDJOEF
MBQSPEVDDJOEFMPT1'/.IBOTJEPQVCMJDBEPTQPSMB'"0 B

-PT TPOEFPT EF NFSDBEP QSPQPSDJPOBO VOB HVB EF MB QSPEVDUJWJEBE FO HFOFSBM Z
TPONUPEPTNTGDJMFTEFFGFDUVBSZNFOPTDPTUPTPTQBSBSFDPHFSEBUPT TJFNQSFRVF
DBOUJEBEFTJNQPSUBOUFTTFBOWFOEJEBTBMQCMJDP
1-"/*'*$"$*/13$5*$")"$*"6/"130%6$$*/4045&/*#-&
&MPCKFUJWPGJOBMEFMBPSEFOBDJOEF)4$FTBMDBO[BSVOBQSPEVDDJOTPTUFOJCMF-B
JNQPSUBODJBEFEBUPTEFCVFOBDBMJEBEIBTJEPFOGBUJ[BEBZTFIBQVFTUPBUFODJOFOMPT
BSHVNFOUPTHFOFSBMFTEFMNBOFKPGPSFTUBMZEFMPTVTVBSJPTEFCPTRVFT%FTDSJCJSFNPT
MPT QSJNFSPT QBTPT QBSB MB GPSNVMBDJO EF VO QMBO EF HFTUJO BOBMJ[BOEP TVT
DBSBDUFSTUJDBTQBSBDBEBTJTUFNBEFQSPEVDDJO&M$VBESPTVHJFSFMBBEPQDJOEF
VOFOGPRVFHFOFSBMDPOMBTQSFHVOUBTGVOEBNFOUBMFTFODVFTUJO
'JOMBOEJB FT VO FKFNQMP SBSP EF QBT RVF IB JOUFOUBEP BDUJWBNFOUF MB HFTUJO EF
TVT SFDVSTPT NJDUJDPT TJMWFTUSFT DPNFTUJCMFT &TUF QBT IB TPTUFOJEP BDUJWBNFOUF MB
QSPEVDDJOEF)4$ KVOUPBMBTCBZBTTJMWFTUSFT
EFTEFMBTFHVOEBHVFSSBNVOEJBMZTVT

$6"%30
1SFQBSBDJOEFMBTEJSFDUSJDFTQBSBMBHFTUJOEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
."5&3*"
13&(6/5"416/504$-"7&
-PTQSPQJFUBSJPTEFCPTRVFT
{1CMJDPPQSJWBEP {(FTUJODPOUSPMBEBQPSFM&TUBEP3FHJOPHFTUJODPOKVOUB
DPOMBQPCMBDJOSVSBM "MJHVBMRVFFMONFSPEFQBSUFTJOUFSFTBEBT DSFDFUBNCJO
FMONFSPEFUBSFBTQBSBEFGJOJSRVJOUJFOFEFSFDIPTBMVTPZEFRVGPSNBFTUPT
EFSFDIPTTPOBENJOJTUSBEPTZTFWVFMWFONTDPNQMFKPT-PTQSPQJFUBSJPTQSJWBEPT
QVFEFOOPUFOFSDPHOJDJOEFMWBMPSEFMPT)4$ MPRVFEFCFSBTFSFYQMJDBEP
EFUBMMBEBNFOUFEFUBMGPSNBRVFTFUFOHBOFYQFDUBUJWBTSFBMFTTPCSFFMSFOEJNJFOUP
GJOBODJFSPEFMBTPQFSBDJPOFTDPNFSDJBMFTDPNQFUFOUFT
-BJNQPSUBODJBSFMBUJWBEFMPT
IPOHPTTJMWFTUSFTDPNFTUJCMFT
{$PNFSDJBMPQFSTPOBM 1SJNFSPIBZRVFDBMDVMBSFMWBMPSEFMBTFTQFDJFTEF)4$Z
EFTQVTIBZRVFDPNQBSBSFTUPTWBMPSFTDPOFMEFMPTEFNTQSPEVDUPTZTFSWJDJPT
GPSFTUBMFT&TUPOPTEBVOSFTVNFOEFUPEBTMBTFTQFDJFTTJMWFTUSFTDPNFTUJCMFTKVOUBT
QBSBVOBFWBMVBDJOHFOFSBMZQBSBEFTQVTBOBMJ[BSNBTDVJEBEPTBNFOUFFMWBMPS
EFMPTEJGFSFOUFTUJQPT RVFQVFEFODBNCJBSTFOTJCMFNFOUF
-BTSFDPMFDDJPOFTQBSB
VTPQFSTPOBMJODMVZFOMPTVTPTQBSBMBTVCTJTUFODJBZQBSBFMUJFNQPMJCSF NJDMPHPT
BGJDJPOBEPT CJMPHPTEFDBNQP FUD

%BUPTPCKFUJWPTZGJEFEJHOPTTPCSFMBQSPEVDDJOZDBOUJEBEFTSFDPMFDUBEBTTPO
FTFODJBMFTQBSBVOBQMBOJGJDBDJOFGFDUJWB4JFTUPTEBUPTOPFYJTUFOPTPOQPDP
VOJGPSNFT DPOTVMUFBMPTSFDPMFDUPSFTQBSBFWBMVBSMPTNPEFMPTEFVTPQSFWJPZ
DPOTJEFSFVOJOWFOUBSJPCBTBEPFOVOTJTUFNBEFiQBSDFMBTUJQPw
-PTSFDPMFDUPSFTZTVTQSDUJDBT
1FSGJMEFMBTQFSTPOBTZEFMPTNUPEPTEFSFDPMFDDJO{2VJOFTTPOMPTSFDPMFDUPSFT
{4POUSBCBKBEPSFTMPDBMFTPWJFOFOEFPUSPTMVHBSFT )BZRVFFYBNJOBSMBTQSDUJDBT
EFDVMUJWBDJOZFWBMVBSTVJNQBDUPTPCSFMPTSFDVSTPTNJDPMHJDPTTJMWFTUSFT MPT
CPTRVFTZMPTSCPMFT4FSFWJTBSTJFTOFDFTBSJPDBNCJBSFTUBTQSDUJDBTZTFCVTDBSMB
GPSNBEFFTUJNVMBSBMPTSFDPMFDUPSFTQBSBRVFVTFOMPTNUPEPTNFOPTEFTUSVDUJWPT
"OBMJ[BSDVJEBEPTBNFOUFMPTEFNTBTQFDUPTEFMPTTJTUFNBTEFWJEBZEFTBSSPMMPEFMPT
SFDPMFDUPSFTEFUBMGPSNBRVFMPT)$4QVFEBOTFSJOTFSUBEPTFODPOUFYUPTNVDIPNT
BNQMJPT
-BTMFZFTZOPSNBT
1FSNJTPTQBSBMBSFDPMFDDJOZFMEFSFDIPEFBDDFTP{$NPIBOTJEPSFHMBNFOUBEBT
MBTSFDPMFDDJPOFTEF)4$ZDNPBQPZBOMBTMFZFTBDUVBMFTTVVTPTPTUFOJCMF &M
QSJODJQJPGVOEBNFOUBMFTVOBDDFTPKVTUPZFRVJUBUJWPBMPTSFDVSTPTGPSFTUBMFTRVF
NBOUFOHBVOFRVJMJCSJPFOUSFFMVTPEFMPT)4$ZEFNTVTPTGPSFTUBMFT&YBNJOBS
MBTMFZFTFOWJHPSQBSBWFSEPOEFTFQVFEFOSFGPS[BSZHBSBOUJ[BSRVFSFGMFKFOMBT
OFDFTJEBEFTBDUVBMFTEFMPTVTVBSJPT&MFKFDFOUSBMFTFMQSBHNBUJTNPMFZFTRVF
GVODJPOFO
1SPEVDDJOZWBMPSGJOBODJFSP
7PMVNFOZWBMPS&WBMVBSFTUFBTQFDUPBFTDBMBOBDJPOBMZBRVFMPTEBUPTTFSO
VUJMJ[BEPTQBSBMMFWBSBDBCPQPMUJDBTHVCFSOBNFOUBMFT-PTEBUPTDBSFOUFTMMFWBO
BQPMUJDBTDBSFOUFTZMBPSEFOBDJOEFMPT)4$IBTJEPEJGJDVMUBEBQPSQBSUFEF
QFSDFQDJPOFTZDPOPDJNJFOUPTFSSOFPTEFMBTQSDUJDBTEFSFDPMFDDJOZEFTV
JNQPSUBODJB QSJODJQBMNFOUFQBSBMBTDPNVOJEBEFTSVSBMFT
FYQFSJFODJBTBNQMJBNFOUFQVCMJDBEBTTVNJOJTUSBOQVOUPTEFSFGMFYJOUJMFTQBSBPUSPT
QBTFT .YJDP UBNCJO IB EFNPTUSBEP VO JOUFST DPOUJOVP FO MB PSEFOBDJO EF MPT
)4$-PTJOWFTUJHBEPSFTZMPTHPCJFSOPTMPDBMFTZSFHJPOBMFTIBOFGFDUVBEPFTGVFS[PT
DPOKVOUPTQBSBDPNQSFOEFSMBJNQPSUBODJBEFMPT)4$ZEFTVPSEFOBDJOFOQSPEFM
CFOFGJDJPEFMBQPCMBDJOZEFMNFEJPBNCJFOUF
.VDIB EF MB JOGPSNBDJO SFRVFSJEB QBSB FNQF[BS FM QSPDFTP EF QMBOFBNJFOUP EF
MB PSEFOBDJO FT ZB EJTQPOJCMF FO QBTFT UBMFT DPNP $IJOB .BP
Z 5VSRVB
QFK(VSFS DPNVOJDBDJOQFSTPOBM6OQVCMJTIFEEBUBPOXJMEFEJCMFGVOHJGPS
5VSLFZ
-BFY6OJO4PWJUJDBEFEJDNVDIPTFTGVFS[PTBMBJOWFTUJHBDJOTPCSFMPT
)4$ 1BBM
BVORVFUBMWF[ NTEFTEFFMQVOUPEFWJTUBEFMPTIPOHPTRVFEFTEF
FMEFTVTBTQFDUPTTPDJBMFTZFDPONJDPTSFMBDJPOBEPT&TUBFTVOBEFCJMJEBEHFOFSBM
FONVDIPTQBTFTZFTVOSFBEPOEFTFOFDFTJUBOFTGVFS[PTQBSUJDVMBSFTQBSBNFKPSBS
MPTDPOPDJNJFOUPT
6OBDDFTPKVTUPZFRVJUBUJWPBMPTCPTRVFTZBMPTSFDVSTPTGPSFTUBMFTFTVOBTQFDUP
DSUJDP4JMBTHFOUFTDSFFORVFTPOJOKVTUBNFOUFFYDMVJEPTQVFEFODPOUJOVBSBSFDPMFDUBS
TJOSFTQFUBSMBTMFZFTPQBHBSJNQVFTUPTPQFSNJTPT-PTJUBMJBOPTHFOFSBMNFOUFFWJUBO
FM QBHP EF JNQVFTUPT QPS MB SFDPMFDDJO EF #PMFUVT FEVMJT Z EF USVGBT )BMM FU BM
C
-BTFYDMVTJPOFTQVFEFOUBNCJODPOWFSUJSTFFOSFTFOUJNJFOUPFOFMOPSPFTUF
EF &TQBB FO VO TJUJP EF USVGBT GVF EFTUSVJEP TQFSBNFOUF EVSBOUF MB OPDIF
Z iTBRVFBEPu ZB RVF VO BOUFSJPS SFTJEFOUF EF VO SFB OP IBCB QPEJEP PCUFOFS VO
QFSNJTP QBSB SFDPMFDUBS FO TV QPCMBEP EF 3PNO DPNVOJDBDJO QFSTPOBM
5SBEFJOOTDBMPTGSPN/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO

3&$6"%30
*OWFOUBSJPQSDUJDPFYQFSJFODJBTEFTEF.BMBXJ
6O BNQMJP SFTVNFO EF MPT FTUVEJPT TPCSF MPT JOWFOUBSJPT EF MPT 1'/. SFWFM MB FOPSNF DBSFODJB
EFDBMJEBEFOMPTEBUPTRVF BNFOVEP FNFSHFOEVSBOUFMBDPODMVTJOEFFTUPTBOMJTJT ZTVCSBZMB
FTDBTF[ HFOFSBM EF JOGPSNBDJO TPCSF MB QSPEVDUJWJEBE '"0 B
&TUF FT VO BTVOUP DSUJDP QBSB
RVFMPTTJMWJDVMUPSFTFOUJFOEBOFMJNQBDUPEFMBTQSDUJDBTEFSFDPMFDDJOTPCSFMPT)4$ZSFTPMWFSMBT
FYJHFODJBTDPNQFUJUJWBTEFJOUFSFTFTDPNFSDJBMFTZEFPUSPTUJQPTRVFUJFOFOVOBEFTDPOGJBO[BJOTUJOUJWB
FOMPTSFDPMFDUPSFT RVFHFOFSBMNFOUFJODMVZFOBMPTTJMWJDVMUPSFTNJTNPT

&O .BMBXJ GVFSPO DPOUSBUBEPT VOPT FODVFTUBEPSFT QBSB RVF SFDPHJFSBO EBUPT EF DVBUSP TJUJPT
QSJODJQBMFT&ODPOUSBSPOQPDPTQSPCMFNBTSFMFWBOUFT BQBSUFEFMBGBMUBEFEBUPTFOVOTJUJPTJUVBDJO
RVF GVF SFTVFMUB FM BP TJHVJFOUF DVBOEP VOB 0/( MPDBM CSJOE TV BZVEB 'VF OFDFTBSJB BM NFOPT
VOBUFNQPSBEBQBSBRVFMBTQBSUFTJOUFSFTBEBTTFGBNJMJBSJ[BSBODPOMPTQSPUPDPMPTZMBTUDOJDBT-BT
MMVWJBTGVFSPOFTDBTBTFOFMTFHVOEPZUFSDFSBPZMBQSPEVDUJWJEBE QPSDPOTJHVJFOUF CBKB6OCVFO
DPOPDJNJFOUPEFMPTOPNCSFTDJFOUGJDPTZWVMHBSFTEFMPT)4$GVFFMNBZPSCFOFGJDJPRVFSFTVMUEF
MBJOUFSQSFUBDJOEFMPTEBUPT
-PT DPTUPT EF WJBKF IBDJB MPT DVBUSP TJUJPT GVFSPO BMUPT FM DPNCVTUJCMF FT DBSP FO .BMBXJ Z MPT
QSFTVQVFTUPTUFOESBORVFTFSDBMDVMBEPTBOUFTEFEFUFSNJOBSMBVCJDBDJOEFMPTUFSSFOPT1PESBIBCFS
QPDB WFOUBKB FO WJBKBS UBO MFKPT B NFOPT RVF FTPT TJUJPT GVFSBO DPOTJEFSBCMFNFOUF EJGFSFOUFT EF MPT
DFSDBOPT"MQSJODJQJPGVFDSFBEPVOTJTUFNBEFFOUSBEBEFEBUPTDPNQVUBSJ[BEPRVFGVFEFJOFTUJNBCMF
WBMPSBMQSPDFTBSMPTEBUPTTPCSFFMSFOEJNJFOUPRVFJCBOTJFOEPJOTFSUBEPTDPOSBQJEF[ZQSFDJTJO
&O QPDP UJFNQP OPT ECBNPT DVFOUB TJ IBCBO TJEP JOUSPEVDJEPT EBUPT FRVJWPDBEPT ZP TJ FYJTUBO
MBHVOBTJOFYQMJDBCMFT-PTTVQFSWJTPSFTVTBSPOFTUBJOGPSNBDJOQBSBTVHFSJSNFKPSBTBMBTGPSNBTEF
SFDPQJMBDJOEFEBUPTZQSFTFOUBDJOEFMPTSFTVMUBEPTQPSQBSUFEFMPTFODVFTUBEPSFT
-PT BOMJTJT EF MPT EBUPT Z MB FOVODJBDJO EF MBT DPODMVTJPOFT GVFSPO NT EJGDJM EF BMDBO[BS FO
QBSUF QPSRVF MPT PQFSBEPSFT JOWPMVDSBEPT USBCBKBCBO CBTUBOUF MFKPT Z MB SFDPMFDDJO EF EBUPT GVF
DPOUJOVBIBTUBMBGBTFGJOBMEFMQSPZFDUP)VCJFSBTJEPNFKPS CBTOEPOPTFOFTUBFYQFSJFODJB BHJMJ[BS
MBSFDPQJMBDJOEFEBUPTZQSPQPOFSVOQFSPEPEFUJFNQPNTHSBOEF TFJTNFTFT QPSFKFNQMP
QBSB
MPTSFTQFDUJWPTBOMJTJT
4F QVEP IBCFS IFDIP NT QBSB QSPQPSDJPOBS DPOTFKPT QSDUJDPT TPCSF DPNP MMFWBS B DBCP MPT
JOWFOUBSJPTTPCSFMPT)4$)BZVOBHSBODBOUJEBEEFJOGPSNBDJOUJMEJTQPOJCMFTPCSFMPT1'/.
'"0 B
QFSPIFNPTQSPEVDJEPVOBHVBQSDUJDB BVORVFOPGDJM RVFQPESBFTUJNVMBSBPUSBT
QFSTPOBTBFWBMVBSMBQSPEVDUJWJEBEZBQSFOEFSDPNPSFBMJ[BSBOMJTJTTFODJMMPTEFEBUPT
&M DEJHP FTDPDT QBSB MPT IPOHPT TJMWFTUSFT QSPQPSDJPOB MBT TJHVJFOUFT MOFBT
EJSFDUSJDFTBMPTSFDPMFDUPSFTEFFTQFDJFTDPNFTUJCMFTZOP
x 4MPSFDPMFDUFMBDBOUJEBERVFWBZBBDPOTVNJSMBWJEBTJMWFTUSFOFDFTJUBUBNCJO
EFMPTIPOHPT
x /PSFDPMFDUFIBTUBRVFMPTTPNCSFSPTTFIBZBOBCJFSUP ZEFKFFOTVTJUJPMPTRVF
ZBTFIBOQBTBEP
x 5FOHBDVJEBEPEFOPEBBSMBQBSUFQSJODJQBMEFMBTTFUBTCBKPMBTVQFSGJDJFZOP
EBFTVTBMSFEFEPSFT
x %JTQFSTFMBTQBSUFTSFDPSUBEBTFOMBNJTNBSFBEPOEFOBDFOMPTIPOHPT
x 3FDPMFDUFTMPMBTFTQFDJFTRVFDPOPDFZMMFWFTJFNQSFDPOTJHPTVHVBEFDBNQP
QBSBJEFOUJGJDBSMBTTFUBTEPOEFMBTFODVFOUSBBMHVOPTIPOHPTTPOWFOFOPTPTZMPT
RVFTPOSBSPTOPEFCFSBOTFSSFDPMFDUBEPT
x 1PSGBWPSSFTQFUFMBTDPOEJDJPOFTFTQFDJBMFTRVFQPESBOTFSBQMJDBEBTBMBTSFTFSWBT
OBUVSBMFT
%JTQPOJCMFFOXXXSCHFPSHVLSFTFBSDIDFMUJDBGVOHJTVTUBJOBCJMJUZIUN

-PTDEJHPTEFQSDUJDBTTPONVZUJMFTQFSPUJFOFORVFTFSSFBMJTUBTTJTFRVJFSFRVF
TFBOBEPQUBEPT
-BQSEJEBEFMPTCPTRVFTBVUDUPOPTSFEVDFMBQSPEVDDJOQPUFODJBMEF)4$-B
TJFNCSBEFOVFWBTFTQFDJFTBSCSFBTFYUJDBTBCSFOVFWBTQPTJCJMJEBEFT BMHVOBTEFMBT
DVBMFTZBIBOTJEPFYQMPUBEBT-PT #PMFUVTFEVMJTIBOTJEPJOUSPEVDJEPTFO4VEGSJDB
Z TF IB FTUBCMFDJEP VO QFRVFP NFSDBEP EF FYQPSUBDJO 1PUU DPNVOJDBDJO
QFSTPOBM&YQPSUPG#PMFUVTFEVMJTGSPN4PVUI"GSJDB
QVFTFTBFTQFDJFEFIPOHPTOPTF
DPNFFOFTUFQBT6OBFTQFDJFEFFVDBMJQUPEF"VTUSBMJB QMBOUBEBFO.BEBHBTDBS IB
GPSNBEP BTPDJBDJPOFT NJDPSS[JDBT DPO VOB 3VTTVMB DPNFTUJCMF iBVUDUPOBu #VZDL

*OUFSBDDJPOFTBOMPHBTRVFJODMVZFOPUSBTFTQFDJFTEF)4$IBOTJEPPCTFSWBEBT
BMPFTUFEFMDPOUJOFOUFBGSJDBOP %VDPVTTP #BZ5IPFO

-B QMBOUBDJO EF FTQFDJFT BSCSFBT FYUJDBT QPS MP UBOUP OP OFDFTBSJBNFOUF
FNQPCSFDF MB NJDPUB MPDBM 3ZWBSEFO 1JFSDF Z .BTVLB
Z QVFEF JODSFNFOUBS
TJHOJGJDBUJWBNFOUFPQPSUVOJEBEFTQBSBMBSFDPMFDDJOEF)4$ DPNPIBTVDFEJEPDPO
MBTJFNCSBEFM1JOVTOJHSBFOFMOPSPFTUFEF&TQBBZMPTNFSDBEPTDPNFSDJBMFTQBSB
MPT-BDUBSJVTEFMJDJPTVTRVFTFIBOEFTBSSPMMBEPFOMPTMUJNPTUSFJOUBBPT EF3PNO
DPNVOJDBDJO QFSTPOBM 5SBEF JO OTDBMPT GSPN /PSUI 4QBJO UP $BUBMPOJB BOE
USVGGMF QSPEVDUJPO
/VFWB ;FMBOEB IB BQSPWFDIBEP MB PQPSUVOJEBE EF JOUSPEVDJS
IPOHPT NJDPSS[JDPT DPNFTUJCMFT Z MB GBMUB EF FTQFDJFT DPNQFUJUJWBT BVUDUPOBT EF
IPOHPTFTWJTUBDPNPVOBPQPSUVOJEBEQPTJUJWBRVFBQPZBMBDPNFSDJBMJ[BDJO )BMMZ
8BOH

*-6453"$*/
-"3&$0-&$$*/%&536'"4&/*5"-*"
-BSFDPMFDDJOZMBDVMUJWBDJOEFMBTUSVGBT TQ5VCFS
FTEFJNQPSUBODJBDPNFSDJBM-BTUSVGBTGPUPHSBBEBTTPOEF
MB6SCJOP FOMBSFHJOEFMBT.BSDBT *UBMJB
ZQFSUFOFDFOBMHOFSP5VCFSBFTUJWVN BNFOPTRVFTFBFTQFDJDBEP
EJWFSTBNFOUF5PEBTMBTGPUPTTPOEF&SJD#PB
-VOBFODVFOUSBMBTUSVGBTZQJEF
TVSFDPNQFOTB4FQSFGJFSFMPTQFSSPT
DB[BEPSFTEFUSVGBTBMBTDFSEBTQPSRVF
DBVTBONFOPTEBPTZTFDPOUSPMBONFKPS
1JFSMVJHJNVFTUSBMBTUSVGBTMVFHP
EFIBCFSMBTFYUSBEPEFMUFSSFOPDPOTV
IFSSBNJFOUBRVFUJFOFVOBIPKBDVSWBFO
MBQBSUFJOGFSJPS
&MDMBSPFTVOBUBSUVGBJB iIVFSUPu
EFUSVGBT FOJUBMJBOP
PUSVGGJSF FO
GSBODT
-PTSCPMFTTPOJOGFDUBEPT
BSUJGJDJBMNFOUFDPOFTUFIPOHP
$PSSFDDJOEFMPTFYNFOFT
5VCFSBFTUJWVN DPSUBEPQBSB
FGFDUVBEPTQPSMPTSFDPMFDUPSFTEFUSVGBT NPTUSBSTVDBSOFDBSBDUFSTUJDB
FO#PMPOJB QBSBBWFSJHVBSTJTBCFOEOEF
ZDNPSFDPMFDUBS
-BWFHFUBDJOTVQSJNJEB CSMF

SFWFMBMBQSFTFODJBEF5VCFSBFTUJWVN
5VCFSFYDBWBUVN EFQPDPWBMPS/P
UPEBTMBTUSVGBTUJFOFOQSFDJPTJHVBMFT
1SFTFOUFFOMPTNJTNPTTJUJPTRVFMBT5
BFTUJWVN
5VCFSNBHOBUVNFOWFOUBDPNPVO
BMJNFOUPFYDMVTJWP DVFTUBVOPT
&&66BMUBSSP
"MHVOPTSFDPMFDUPSFTEFUSVGBTTF
MFWBOUBOBMBMCBZFOUSFOBOBTVTQSPQJPT
QFSSPT&MWJTJPUBNCJOWFOEFBPUSPT
SFDPMFDUPSFT

*-6453"$*/
&-$0.&3$*0%&#0-&564&%6-*4
&TUPTIPOHPTTJMWFTUSFTBQFUFDJCMFTZNVZEFNBOEBEPTDSFDFOFOUPEPFMNVOEPBVORVFOPTFDPOTVNFOFOBMHVOPT
QBTFT QPSFKFNQMP .BMBXJ&MDPNFSDJPFTUEPNJOBEPQPSMPTJUBMJBOPT UBOUPFOTVQBT GCSJDBT
DPNPFOFM
SFTUPEFMNVOEP DPNPDPNFSDJBOUFT
4FFYQPSUBOHSBOEFTDBOUJEBEFTEFTEF$IJOB &VSPQBEFMFTUFZ4VEGSJDB
$POPDJEPTFO*UBMJBDPNPQPSDJOJTFTFDBOQBSBTFSWFOEJEPT BWFDFT FONF[DMBTDPOPUSBTFTQFDJFTEF#PMFUVTZ
PUSBTTFUBTDVMUJWBEBT5PEBTMBTGPUPHSBGBTTPOEF#PSHP7BMEF5PSP 1BSNB *UBMJB
ZGVFSPOUPNBEBTQPS&SJD#PB
BNFOPTRVFTFFTQFDJGJRVFEJWFSTBNFOUF
#FEVMJTQSPEVDJEPTFOBCVOEBODJB
1SFQBSBDJOEFQPSDJOJGSFTDPTQBSB
BVORVFOPTPODPOTVNJEPTPSFDPMFDUBEPT TFSDPDJOBEPTZQBSBDPOTFSWBTBOUFTEF
1MBOUBDJPOFTEFQJOP NFTFUBEF;PNCB TFSWFOEJEPT
.BMBXJ
1PSDJOJDPDJOBEPTZMJTUPTQBSBTFS
FOWBTBEPT
1SFQBSBDJOEFFOWBTFTEFQPSDJOJZ
PUSPTIPOHPT
6OHSVQPEFQSPEVDUPTNJDUJDPT
JODMVZFOEPFTQFDJFT$BOUIBSFMMVTZ
6TUJMBHPT
1PSDJOJTFDPTZFODPOTFSWBEFWFOUB
4FOFDFTJUBVOQFSNJTPFTQFDJBMQBSB
SFDPMFDUBSIPOHPTFOFTUBSFHJO-PT
SFTJEFOUFTZQSPQJFUBSJPTQBHBONFOPT
RVFMBTQFSTPOBTEFBGVFSB
1PSDJOJTFDPTEFWBSJPTQBTFT
DVJEBEPTBNFOUFDMBTJGJDBEPT
1PSDJOJZPUSPTIPOHPTFODPOTFSWB
JNQPSUBEPTEFMFYUSBOKFSP
0USBTFTQFDJFTEF#PMFUVTBWFDFT
1IPMJPUBNBNFLPEF$IJOB
TPONF[DMBEBTDPOPUSPTQPSDJOJQBSBTFS UBNCJOWFOEJEPKVOUPBMPTQPSDJOJ
WFOEJEPT
&TQFDJFKWFOFTEFQPSDJOJFO
TBMNVFSB

*NQPSUBODJBQBSBMBQPCMBDJO
BMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP
-04)0/(044*-7&453&4$0.&45*#-&4:-04.&%*04%&7*%"
&TUF DBQUVMP BOBMJ[B MBT GPSNBT FO MBT DVBMFT MPT )4$ TPO JNQPSUBOUFT QBSB MBT
QPCMBDJPOFT QSJODJQBMNFOUFQBSBMBTEFMPTQBTFTFOEFTBSSPMMP ZUSBUBEFBTPDJBSFTUB
JOGPSNBDJO DPO TVT FTUJMPT EF WJEB &M BQPZP BM EFTBSSPMMP FTU BEPQUBOEP OVFWPT
FOGPRVFT QBSB BZVEBS B MB HFOUF QPCSF EF MPT QBTFT FO EFTBSSPMMP -PT FOGPRVFT
QSBHNUJDPT Z QSDUJDPT TPCSF MB SFEVDDJO EF MB QPCSF[B FTUO CVTDBOEP NFKPSBT
QSFGFSJCMFNFOUF FO MP JONFEJBUP -PT )4$ UJFOFO ZB VO QBQFM JNQPSUBOUF FO MB WJEB
EFNVDIBTHFOUFTZTFQVFEFOMPHSBSNVDIPTCFOFGJDJPTNT&MDPOPDJNJFOUPNJTNP
EFMPTIPOHPTFTJNQPSUBOUFQFSP QPSTNJTNP OPQSPEVDFOJOHOUJQPEFDBNCJP
B NFOPT RVF TF FYBNJOFO EFUBMMBEBNFOUF MBT EFDJTJPOFT Z PQDJPOFT EFGJOJEBT QPS MPT
NFEJPTEFWJEB 3FDVBESP

-PT )4$ QSPQPSDJPOBO EPT CFOFGJDJPT GVOEBNFOUBMFT QBSB MB QPCMBDJO TPO
GVFOUFT EF BMJNFOUP Z EF CFOFGJDJPT FDPONJDPT 6O TFJT QPS DJFOUP EF MBT FTQFDJFT
DPNFTUJCMFTUJFOFQSPQJFEBEFTNFEJDJOBMFTUBNCJO QSYJNBTFDDJO $VBESP
&TUB
DPOUSJCVDJOBMCJFOFTUBSIVNBOPFTEJGDJMEFWBMPSJ[BSZIBSFDJCJEPQPDBBUFODJO
-BTQSPQJFEBEFTNFEJDJOBMFTEFMPTIPOHPTNJDPSS[JDPTOPIBOTJEPCJFOJOWFTUJHBEBT
3FTIFUOJLPW 8BTTFSZ5BO

(FOFSBMNFOUF TF UJFOF QPDB DPODJFODJB EF MPT )4$ Z EF TV JNQPSUBODJB QBSB MB
QPCMBDJO -PT VTPT QBSB FM TVTUFOUP FO MPT QBTFT FO EFTBSSPMMP IBO TJEP JHOPSBEPT
DPOGSFDVFODJB ZTMPFOMPTMUJNPTBPTMBTJOJDJBUJWBTTPCSFMPT1'/.IBOJOJDJBEP
BFYQMJDBSFMFOPSNFVTPZMBGVODJOEFMPTIPOHPTFOMPTNFEJPTEFWJEB)BIBCJEP
NVDIPJOUFSTEVSBOUFMPTMUJNPTBPTFOMBSFDPMFDDJODPNFSDJBMEFNBUTVUBLFTFOFM
1BDGJDPOPSPFTUFEF/PSUFBNSJDBJOUFSTSFTQBMEBEPQPSVOBMJUFSBUVSBDPOTJEFSBCMF
4JOFNCBSHP FMNBUTVUBLFZFMDPOUJOVPJOUFSTQPSMBTUSVGBTZQPSTVSFDPMFDDJO )BMM
;BNCPOFMMJ Z 1SJNBWFSB
SFGMFKBO VO NPEFMP EF VTP DPNQMFUBNFOUF EJGFSFOUF
EPOEFMPT)4$TPODPOTJEFSBEPTDPNPVOBSUDVMPQBSBFMDPOTVNPiFYDMVTJWPu
.TBMMEFMBTFWJEFODJBTQVCMJDJUBSJBTTPCSFMBTSFDPMFDDJODPNFSDJBMFT MBJOGPSNBDJO
QSPWFOJFOUFEFMPTQSPZFDUPTEFEFTBSSPMMPZEFMBTJOJDJBUJWBTOBDJPOBMFT QFK$IJOB
.YJDP Z 5VSRVB
IB JEP FNFSHJFOEP QBVMBUJOBNFOUF -B SFDPMFDDJO DPNFSDJBM
CFOFGJDJBUBNCJOBMBQPCMBDJOSVSBMFONVDIPTPUSPTQBTFT QFSPMBDBOUJEBEEFEJOFSP
HBOBEPFTNFOPSRVFMPTCFOFGJDJPTPGSFDJEPTQPSMPTBNQMJPTVTPTEFMPTIPOHPTQBSB
MBTVCTJTUFODJB-PTCFOFGJDJPTGVOEBNFOUBMFTTPOPCUFOJEPTQPSMBTQPCMBDJPOFTEFMPT
QBTFTFOEFTBSSPMMPZ FOQBSUJDVMBS QPSMBTDPNVOJEBEFTNTWVMOFSBCMFTRVFWJWFOFO
MBT[POBTSVSBMFT FTEFDJS QPSMPTiNTQPCSFTFOUSFMPTQPCSFTu
/P IBZ FTUBETUJDBT NVOEJBMFT B EJTQPTJDJO Z MBT FWJEFODJBT RVF SFTQBMEBO
MPT JOGPSNFT TPCSF FTUPT BNQMJPT CFOFGJDJPT TF CBTBO FO QSJNFS MVHBS FO MPT
FTUVEJPT EF DBTP FYQMJDBEPT EFUBMMBEBNFOUF NT BEFMBOUF
Z FO TFHVOEP MVHBS
FO WFSTJPOFT NT P NFOPT BOFDEUJDBT &O FM QBTBEP IVCP QPDP JOUFST QPS
7FBXXXMJWFMJIPPETPSHNTJOGPSNBDJPOFTZFYQMJDBDJPOFTEFMPRVFTFFOUJFOEFDPNPFOGPRVFEF
NFEJPTEFWJEBTPTUFOJCMFT&OFTUFDBQUVMPUBMDPODFQUPFTVUJMJ[BEPFOFMTFOUJEPNTBNQMJPEFMPT
NFEJPTBUSBWTEFMPTDVBMFTMBQPCMBDJOWJWF

3&$6"%30
-PTQSPZFDUPTEFEFTBSSPMMPZMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
4FDPNQBSBOEPTFOGPRVFTEJGFSFOUFTTPCSFMPT)4$FOFMQSJNFSQSPZFDUPIJQPUUJDP TFEFTDSJCFO
UPEBT MBT FTQFDJFT EF )4$ FO VOB SFHJO BOBMJ[BOEP TVT DBSBDUFSTUJDBT OVUSJDJPOBMFT 4F JOTFSUBO
UBNCJOMPTOPNCSFTWVMHBSFTZMBTPCTFSWBDJPOFTHFOFSBMFTTPCSFFMDPNFSDJPMPDBM
&OFMTFHVOEPQSPZFDUPMPTJOWFTUJHBEPSFTFWBMBOMBTGVFOUFTEFBMJNFOUPZEFCFOFGJDJPTFDPONJDPT
QBSB MBT DPNVOJEBEFT MPDBMFT $PNQBSBO TV JNQPSUBODJB SFMBUJWB Z FYBNJOBO MBT PQPSUVOJEBEFT Z
EJGJDVMUBEFTFOFMNFKPSBNJFOUPEFMBOVUSJDJOZEFMPTJOHSFTPTFDPONJDPT JODMVZFOEPMPTIPOHPT
DPNFTUJCMFT4FIBOBDPSEBEPZDPNQSPCBEPOVFWPTFTRVFNBT FJOJDJBUJWBT
"NCPTFOGPRVFTTPODPNQMFNFOUBSJPTBVORVFFMQSJNFSQSPZFDUPOPUJFOFFMPCKFUJWPEFDBNCJBS
MBT QSDUJDBT MPDBMFT &M TFHVOEP FO DBNCJP CVTDB DPNP NFKPSBS MB GPSNB EF WJEB EF MB HFOUF
CBTOEPTFFOMBJOGPSNBDJOEJTQPOJCMF4FQPESBOMPHSBSNTNFKPSBTTJTFDPOUBSBDPOJOGPSNBDJOZ
DPOPDJNJFOUPTUDOJDPT EFUBMGPSNBRVFMBTDPNVOJEBEFTMPDBMFTQVEJFSBOQMBOJGJDBSOVFWBTJOJDJBUJWBT
VTBOEPMPTOPNCSFTMPDBMFTEFMPT)4$PCVTDBOEPFGJDJFODJBTFOFMNFSDBEPMPDBMCBTOEPTFFOVO
FOUFOEJNJFOUPQSFDJTPEFMBTQSDUJDBTZPQPSUVOJEBEFTMPDBMFT
EPDVNFOUBS MB JOGPSNBDJO EFCJEP B MBT QPRVTJNBT PQPSUVOJEBEFT EF FTUVEJBS

MPT )4$ RVF UVWJFSPO MPT DJFOUGJDPT FO MPT QBTFT FO EFTBSSPMMP 5BNCJO IB
IBCJEP QSFEJTQPTJDJPOFT DVMUVSBMFT DPOUSB MPT )4$ Z QPTUVMBEPT HFOFSBMNFOUF
JOKVTUJGJDBEPT RVF MFT BTJHOBCBO NFOPS JNQPSUBODJB 1JFBSDF 8BTTPO Z
8BTTPO
-BTQVCMJDBDJPOFTNTSFDJFOUFTIBOIFDIPNVDIPQBSBFTUJNVMBS
VONBZPSJOUFSTZNTJOWFTUJHBDJPOFT $VBESP

-PTQSPZFDUPTGJOBODJBEPTDPOGPOEPTEFEPOBDJPOFTTPCSFMPT)4$FOMB3FQCMJDB
6OJEBEF5BO[BOB )SLOFOFUBM
FO.BMBXJ #PBFUBM
ZFO#FOJO %F
,FTFM DPNVOJDBDJOQFSTPOBM8JMEFEJCMFGVOHJGSPN#FOJO
IBOBCBSDBEP EFTEF
VOQVOUPEFWJTUBNTBNQMJP MPTBTQFDUPTTPDJBMFTZFDPONJDPTSFMBDJPOBEPTDPOMPT
)4$-PTQSPHSBNBTOBDJPOBMFTFO.YJDPIBOQSPEVDJEPVODPOPDJNJFOUPTMJEPEF
MBTNVDIBTFTQFDJFTEF)4$DPOTVNJEBTFOUPEPFMQBT 7JMMBSSFBMZ1SF[.PSFOP

-BBUFODJOEFMPTJOWFTUJHBEPSFTTFFTUDPODFOUSBOEPFOMPTGBDUPSFTTPDJBMFTZ
FDPONJDPT GPNFOUBEBQPSVOBQFSDFQDJONVDIPNTBNQMJBEFMBJNQPSUBODJBEFMPT
1'/.QBSBMBTFDPOPNBTSVSBMFTZQBSBMBQPCMBDJOFOHFOFSBM
-B JNQPSUBODJB EF MPT )4$ QBSB MB QPCMBDJO EF MPT QBTFT FO EFTBSSPMMP QVFEF
IBCFS QBTBEP EFTBQFSDJCJEB UBNCJO QPSRVF NVDIBT EF MBT SFDPMFDDJPOFT TPO QBSB
VTPQFSTPOBM :PSPVZ%F,FTFM
-BFYQFSJFODJBNJDPMHJDBMJNJUBEBFOGSJDB
EFMFTUFTFBEKVEJDBBMBDSFFODJBFSSOFBRVFFTVOiEFTJFSUPEFIPOHPTu %VDPVTTP
#B Z 5IPFO
*OGPSNFT EF (IBOB 0CPEBJ Z "QFUPSHCPS
Z EF 4JFSSB
-FPOB %PXO DPNVOJDBDJO QFSTPOBM 8JME FEJCMF GVOHJ GSPN 4JFSSB -FPOF

JOEJDBO RVF TV VTP MPDBM FT NVDIP NT JOUFOTP &M VTP SFHVMBS EF MPT )4$ FO MPT
CPTRVFT QMVWJBMFT USPQJDBMFT GVF SFWFMBEP DVBOEP TF SFBMJ[BSPO BOMJTJT EFUBMMBEPT
EF MBT QSDUJDBT MPDBMFT FO #SBTJM 1SBODF
IPZ FO EB SFTQBMEBEBT QPS MB
FWJEFODJBEFTEF,BMJNBOUBO -FMVZBOJ DPNVOJDBDJOQFSTPOBM&EJCMFGVOHJPG
,BMJNBOUBO
Z4BSBXBL $IJO +POFT DPNVOJDBDJOQFSTPOBM8JMEFEJCMF
GVOHJVTFJO4BSBXBL

-BJOGPSNBDJONJDPMHJDBFTQVCMJDBEBFOVOCVFOONFSPEFMVHBSFTPEJTDJQMJOBT
EJGFSFOUFT $VBESP
Z B WFDFT QSFTFOUBEB FO FTUVEJPT NT BNQMJPT TPCSF MBT
DPNVOJEBEFT QFK4IBDLMFUPOFUBM 4VEGSJDB&SUSVH 5VSRVB(VOBUJMMFLF
Z "CFZHVOBXBSEFOB 4SJ -BOLB
TUPT Z NVDIPT PUSPT JOGPSNFT SFDPHJEPT FO
MB TFDDJO EF SFGFSFODJBT FOGBUJ[BO RVF MB DPOUSJCVDJO EF MPT )4$ B MB EJFUB Z B MPT
CFOFGJDJPTFDPONJDPTEFMBQPCMBDJOSVSBMOPEFCFSBTFSTVCFTUJNBEB
*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

$6"%30
&TUVEJPTFUOPDJFOUGJDPTEFIPOHPTTJMWFTUSFTDPOQSPQJFEBEFTDPNFTUJCMFTZNFEJDJOBMFT
1"4
/'"4*440#3&-04)0/(044*-7&453&4
"VTUSBMJB
&TQFDJFTUJMFT JODMVZFDPNFTUJCMFT
FOMBDVMUVSBBCPSJHFO
'6&/5&
,BMPUBT
#SBTJM
&TUVEJPEFMPTJOEJPT4BOBNB JODMVZFFTQFDJFTDPNFTUJCMF
'JEBMHPZ1SBODF
$BOBE
6TPEFMBTQMBOUBTBVUDUPOBT JODMVZFOEPMPTIPOHPTTJMWFTUSFT
NFEJDJOBMFTZDPNFTUJCMFT
.BSMFTFUBM
$IJOB
$PNQBSBDJOFOUSF)VOBOZ$IJOB MBNBZPSQBSUFFTQFDJFT
DPNFTUJCMFT
)SLOFO
'FEFSBDJOEF3VTJB
.FEJDJOBQPQVMBS,IBOUZ
4BBS
'FEFSBDJOEF3VTJB
MFKBOPPSJFOUF
)POHPTNFEJDJOBMFTFOMBOBUVSBMF[B
#VMBLI
(FOFSBM
)POHPTFOMBNFEJDJOBQPQVMBS
#JSLT
(FOFSBM
-PTPSHFOFTEFMBFUOPNJDPMPHBDPNPEJTDJQMJOBDJFOUGJDB
%BWJT
(FOFSBM .YJDP
"ODEPUBTQFSTPOBMFTTPCSFFUOPNJDPMPHB NJUPTZDFSFNPOJBT
3JFEMJOHFS
(VBUFNBMB
'PMLMPSFDPODFSOJFOUFMBT"NBOJUBNVTDBSJBT
-PXZ
)JNBMBZB PSJFOUF
)POHPTDPNFTUJCMFTDPOQSPQJFEBEFTNFEJDJOBMFT
#PSVBIZ4JOHI
*OEJB
)POHPTFOMBNFEJDJOBQPQVMBS
7BJEZBZ3BCCB
*OEJB DFOUSBM
&UOPNJDPNFEJDJOBMFT
3BJ "ZBDIJZ3BJ
+BQO
6TPTEFMPTIPOHPTZMRVFOFTQPS"JOV
:PLPZBNB
.BMBXJ
&TQFDJFTDPNFTUJCMFT NFEJDJOBMFTZVTBEBTQBSBQSPQTJUPT
DFSFNPOJBMFT
.PSSJT
.YJDP
)POHPTNFEJDJOBMFTUSBEJDJPOFT NJUPTZDPOPDJNJFOUPT
(V[NO
/FQBM
0CTFSWBDJPOFTHFOFSBMFT QSJODJQBMNFOUFFTQFDJFTDPNFTUJCMFT
"EIJLBSJZ%VSSJFV
/JHFSJB
1SDUJDBTNFEJDJOBMFTFOMBDVMUVSB:PSVCB
0TP
1BQVB/VFWB(VJOFB
1SJODJQBMNFOUFSFMBDJPOBEPTDPOMBTFTQFDJFTDPNFTUJCMFT
4JMMJUPF
1FS
)POHPT QSJODJQBMNFOUFDPNFTUJCMFT QBSUFEFFTUVEJPT

FUOPCPUOJDPT
'SBORVFNPOUFUBM
1PMPOJB
.FEJDJOBQPQVMBSQPMBDB
(S[ZXOPXJD[
3FHJOCBMDOJDB
&TQFDJFNFEJDJOBMFTUVEJPEFMPTFTMBWPTEFMFTUF
%JEVLI
3FQCMJDB6OJEBEF
5BO[BOB
$PNQBSBFMVTPEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTDPOMBT
DPTUVNCSFTFO)VOBOFO$IJOB
)SLOFO
)SLOFO /JFNFMZ
.XBTVNCJ
5VSRVB
)POHPTDPNFTUJCMFT QBSUFEFVOFTUVEJPFUOPCPUOJDP
&SUSVH
;BNCJB
$PTUVNCSFTZGPMLMPSFTPCSFWBSJPTIPOHPTDPNFTUJCMFT
1JFBSDF
/PUB7BTFUBNCJOFOFM7PMVNFO
EFM*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT MPTSFTNFOFTEFVOBDPOGFSFODJB
TPCSFMPTIPOHPTNFEJDJOBMFT NVDIPTEFMPTDVBMFTUJFOFOJODMJOBDJPOFTFUOPDJFOUGJDBT
-BTTFDDJPOFTTJHVJFOUFTBOBMJ[BOEFUBMMBEBNFOUFMPTUJQPTEFCFOFGJDJPTPCUFOJEPT
QPS NFEJP EF MPT )4$ 4V DPOUSJCVDJO SFMBUJWB B MPT NFEJPT EF WJEB DBNCJB
QSPGVOEBNFOUF6OQMBUPEFIPOHPTFTVOBFYRVJTJUF[FO4VJ[BPFO&TUBEPT6OJEPT
QFSP FT VOB BMUFSOBUJWB DPOUSB FM IBNCSF FO .BMBXJ &M EJOFSP HBOBEP DPO MB WFOUB
EF MPT OTDBMPT -BDUBSJVT EFMJDJPTVT
TJHOJGJDB VO QFRVFP FTUNVMP GJOBODJFSP FO FM
OPSUF EF &TQBB EF 3PNO DPNVOJDBDJO QFSTPOBM 5SBEF JO OTDBMPT GSPN
/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO
NJFOUSBT HSBDJBTBMBSFDPMFDDJOEF
IPOHPTDPMNFOJMMBFO*OEJB MBQPCMBDJOQVFEFNBOEBSTVTOJPTBMBFTDVFMB 4JOHIZ
3BXBU

-B JNQPSUBODJB EF MPT )4$ EFTEF VOB QFSTQFDUJWB EF EFTBSSPMMP TF PCTFSWB BM
DPNQBSBSMPT DPO PUSBT GVFOUFT EF BMJNFOUP Z EF CFOFGJDJPT FDPONJDPT &YJTUFO
BMUFSOBUJWBT EFTEF MVFHP Z MBT QSPQVFTUBT QBSB JODSFNFOUBS FM VTP Z CFOFGJDJPT EF
MPT )4$ TFSO TJFNQSF DPNQBSBEBT DPO MBT PQDJPOFT EJTQPOJCMFT &M BMJDJFOUF QBSB
MBTBDUJWJEBEFTEFMDPNFSDJPUVSTUJDPFO)VOBO $IJOB FTVOBBMUFSOBUJWBJOUFSFTBOUF
QBSBTVCJSZCBKBSQPSMBTNPOUBBTTJOHBSBOUJ[BSRVFTFFODVFOUSFO)4$QBSBWFOEFS
)SLOFO
-B DPOUSBDDJO EF MBT PQPSUVOJEBEFT EF USBCBKP FO FM OFHPDJP EF
MB TJMWJDVMUVSB OP TJHOJGJDB RVF MB SFDPMFDDJO EF MPT )4$ TFB OFDFTBSJBNFOUF VOB
QSPQPTJDJO FDPONJDB BUSBDUJWB JODMVTJWF QBSB MB HFOUF EFTFTQFSBEB QPS MB GBMUB EF
USBCBKP 5FEEFS .JUDIFMMZ'BSSBO

$6"%30
$PNQPTJDJOOVUSJUJWBEFBMHVOPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
/0.#3&$*&/5'*$0
1"4
1305&/"4
$"3#0)*%3"504
(3"4"4
."5&3*"
.*/&3"-
'3&4/0
"NBOJUBDBFTBSFB
"NBOJUBMPPTJJ
'SBODJB {

3FQCMJDB%FNPDSUJDBEFM$POHP

"NBOJUBSVCFTDFOT
.YJDP

#PMFUVTFEVMJT
5VSRVB

#PMFUVTFEVMJT
'JOMBOEJB

OT
#PMFUVTFSZUISPQVT
+PSEBOJB

#PMFUVTGSPTUJJ
.YJDP

OT
OT
OT
#PMFUVTMPZP
$IJMF

$BOUIBSFMMVTDJCBSJVT
5VSRVB


-BDUBSJVT
QIMFCPQIZMMVN
3FQCMJDB6OJEBEF5BO[BOB

-BDUBSJVTEFMJDJPTVT
'SBODJB {

OT
-BDUBSJVTEFMJDJPTVT
$IJMF

-BDUBSJVTJOEJHP
.YJDP

OT
OT
OT
-BDUBSJVTUPSNJOPTVT
'JOMBOEJB

OT
-BDUBSJVTQJQFSBUVT
5VSRVB

3BNBSJBGMBWB
.YJDP

OT
OT
3BNBSJBGMBWB
'JOMBOEJB

OT
3VTTVMBDZBOPYBOUIB
'SBODJB {

OT
3VTTVMBEFMJDB
*OEJB

OT
OT
OT
3VTTVMBTQ

4VJMMVTMVUFVT
$IJMF

4VJMMVTHSBOVMBUVT
$IJMF

5FSGF[JBDMBWFSZJ
*SBR

OT

5FSNJUPNZDFT
NJDSPDBSQVT

5FSNJUPNZDFT
NJDSPDBSQVT

5FSNJUPNZDFT
NJDSPDBSQVT

5SJDIPMPNB
QPQVMJOVN
$BOBE

5SJDIPMPNB
TBQPOBDFVN
'SBODJB {

5JSNBOJBOJWFB
*SBR

OToOPTFBMBEP-BTDJGSBTGVFSPOSFEPOEFBEBTBMONFSPTVQFSJPSJONFEJBUPEEFTDPOPDJEP
'VFOUFT
,JHFS oTFTVQPOFRVFIBOTJEPQSPCBEPTFTQFDNFOFTEF'SBODJBQFSPOPGVFSPOTFBMBEPT
%FHSFFGFUBM

-FO(V[NO 4JMWBZ-QF[
'"0 C
&SFJGFKZ"M3BEEBE
$BHMBSJSNBL 6OBMZ0UMFT

)SLOFO 4BBSJNLJZ.XBTVNCJ B
,SFVMB 4BBSJWJSUBZ,BSBOEP
1VSLBZBTUIBZ$IBOESB
1BSFOUZ
5IPFO
"M/BBNB &XB[FZ/FNB
4DINFEB)JSTDINBOOFUBM C
5VSOFS ,VIOMFJOZ&HHFS
/653*$*/:#&/&'*$*041"3"-"4"-6%
-PT NBDSPNJDFUPT UJMFT TPO MPT RVF UJFOFO QSPQJFEBEFT DPNFTUJCMFT Z NFEJDJOBMFT
/P FYJTUF VOB EJTUJODJO GDJM FOUSF BNCBT DBUFHPSBT .VDIBT EF MBT FTQFDJFT
DPNFTUJCMFTDPNVOFTUJFOFOQSPQJFEBEFTUFSBQVUJDBTNVDIPTIPOHPTNFEJDJOBMFTTPO
UBNCJODPOTVNJEPTDPNPBMJNFOUP $VBESP
-BTFTQFDJFT(BOPEFSNB MJOH [IJ
PSFJTIJ
TPOMPTIPOHPTNFEJDJOBMFTNTWBMJPTPT *MVTUSBDJO
FMWBMPSNVOEJBMEF
MPTTVQMFNFOUPTEJFUUJDPTCBTBEPTFOMPT(BOPEFSNBIBTJEPFTUJNBEPFOVOPT NJM
NJMMPOFTEFEMBSFT&&66 $IBOHZ#VTXFMM

-PTVTPTDFSFNPOJBMFT SFMJHJPTPTZPUSPTVTPTOPQSDUJDPTEFMPTIPOHPTTJMWFTUSFTTPOSFMBUJWBNFOUFEF
NFOPSJNQPSUBODJBZOPGPSNBOQBSUFEFFTUFEFCBUF WBTF%BWJT Z3JFEMJOHFS QBSBNBZPS
JOGPSNBDJO

-PT-FOUJOVMBFEPEFTZMPT7PMWBSJFMMBWPMWBDFBTPOIPOHPTDPNFTUJCMFTBNQMJBNFOUF
DVMUJWBEPT RVF UJFOFO QSPQJFEBEFT NFEJDJOBMFT 4MP MPT *OPOPUVT PCMJRVVT EF MBT
FTQFDJFT NFEJDJOBMFT EFM $VBESP QBSFDFO OP TFS DVMUJWBEPT %F MBT FTQFDJFT
EF IPOHPT NFEJDJOBMFT SFQPSUBEBT FO FM "OFYP TMP FM DJODP QPS DJFOUP TPO
FDUPNJDPSS[JDPT WFB3FTIFUOJLPW 8BTTFSZ5BO
&TUPTFEFCF QSPCBCMFNFOUF
BVODMDVMPEFNBTJBEPCBKP .BP
ZBRVFMPTFTGVFS[PTEFMPTJOWFTUJHBEPSFTTF
IBO DPODFOUSBEP FO MBT FTQFDJFT TBQSGJUBT RVF QVFEFO TFS DVMUJWBEBT HBSBOUJ[BOEP FM
BQSPWJTJPOBNJFOUPZMBVOJGPSNJEBEEFMQSPEVDUP
)B IBCJEP VO JODSFNFOUP FTQFDUBDVMBS FO FM JOUFST Z FO MB BDUJWJEBE DPNFSDJBM
SFMBDJPOBEPT DPO MPT TVQMFNFOUPT EJFUUJDPT DPO MPT BMJNFOUPT GVODJPOBMFT Z DPO
MPT EFNT QSPEVDUPT RVF TPO iTJNQMFNFOUF BMHP NT RVF VO BMJNFOUPu &ULJO Z
+PIOT 8BTTFSFUBM
"VORVFFTUPTOVFWPTQSPEVDUPTUJFOFOVOQPUFODJBM
FDPONJDP CBTUBOUF DMBSP TV JNQPSUBODJB QBSB MPT QBTFT FO EFTBSSPMMP UPEBWB FT
NBSHJOBM &O $IJOB TF SFDPMFDUBO IPOHPT TJMWFTUSFT NFEJDJOBMFT )BZ VO DPNFSDJP
TVTUBODJBMEF$PSEZDFQTTJOFOTJTFO4JDIVBO *MVTUSBDJO
1SJFTU DPNVOJDBDJO
QFSTPOBM &EJCMF BOE NFEJDJOBM GVOHJ JO $IJOB BOE HFOFSBM JOGPSNBUJPO 8JOLMFS

Z FO PUSPT QBTFT UBMFT DPNP /FQBM -BT QPCMBDJPOFT SVSBMFT HBOBO DBOUJEBEFT
DPOTJEFSBCMFTDPOMBDPTFDIBDPNFSDJBM
&M QSJODJQBM CFOFGJDJP EF MPT )4$ FT TJO FNCBSHP TV VTP DPNP BMJNFOUP 4PO
SFDPMFDUBEPT DPOTVNJEPT Z WFOEJEPT FO NT EF QBTFT "OFYPT Z
Z TV
DPOUSJCVDJOBMBEJFUBTFSBOBMJ[BEBEFUBMMBEBNFOUFNTBEFMBOUF
&MWBMPSOVUSJUJWP
-PTFMFNFOUPTDPOTUJUVUJWPTEFVOIPOHPDPNFTUJCMFOPTPOOFDFTBSJBNFOUFVOBCVFOB
HVB EF TV WBMPS OVUSJUJWP #SFFOF
-B GBDJMJEBE EF EJHFTUJO EF MPT EJGFSFOUFT
FMFNFOUPTDBNCJB NJFOUSBTMPTNUPEPTBOBMUJDPTOPTPOTJFNQSFVUJMJ[BEPTGJFMNFOUF
FO MPT FTUVEJPT $SJTBO Z 4BOET -BV
&M VTP EF UDOJDBT EJGFSFOUFT QBSB
BOBMJ[BS FM WBMPS OVUSJUJWP MJNJUB UBNCJO MB DPNQBSBDJO EF MPT SFTVMUBEPT EF MPT
EJGFSFOUFT FTUVEJPT %FHSFFG FU BM
-PT DMDVMPT EFM DPOUFOJEP FO QSPUFOBT
VUJMJ[BCMFT
EFCFSBOFYDMVJSMBRVJUJOBQSFTFOUFFOMBTQBSFEFTDFMVMBSFTNJDUJDBT QPS
FKFNQMP&TUPOPTJFNQSFTFMMFWBBDBCPFOFTUPTBOMJTJT
&O FM $VBESP PGSFDFNPT VO SFTVNFO EF BMHVOPT BOMJTJT OVUSJUJWPT 0CTFSWF
FM CVFO DPOUFOJEP EF QSPUFOBT Z EF NJOFSBMFT EF MBT QSJODJQBMFT FTQFDJFT TJMWFTUSFT
DPNFTUJCMFTDVBOEPIBOTJEPTFDBEBT FMDPOUFOJEPEFIVNFEBEPTDJMBFOUSFFMZFM
QPS DJFOUP FO MPT IPOHPT DBSOPTPT Z FO UJQPT TJNJMBSFT
-BT FTQFDJFT DPNFTUJCMFT
UJFOFOVOCBKPDPOUFOJEPEFHSBTBT DPOUJFOFOBNJOPDJEPTFTFODJBMFT NJOFSBMFTUJMFT
Z BVORVF OP TPO BMJNFOUPT RVF TVNJOJTUSBO FOFSHB $VBESP
TPO VOB GVFOUF EF
OVUSJDJOGVOEBNFOUBMNFOUFNFKPSRVFMBRVFDPUJEJBOBNFOUFFTBTVNJEBPTFTVQPOF
RVFMPTFB 3JDIBSET

&MBQPSUFBMBEJFUB
-PT $VBESPT Z DPNQBSBO FM WBMPS OVUSJUJWP EF MPT IPOHPT DPNFTUJCMFT DPO FM
EFPUSPTQSPEVDUPTBMJNFOUJDJPT&TUPTEBUPTDPOGJSNBORVFMPT)4$TPOOVUSJUJWPTZ
QVFEFTFSVOBBMUFSOBUJWBEJTQPOJCMFBMPTEFNTQSPEVDUPTDPNFTUJCMFTDPOPDJEPT4F
DPNQBSBOGBWPSBCMFNFOUFVTBOEPNFEJEBTFTUOEBSQBSBDBMDVMBSFMWBMPSOVUSJUJWPEF
MPTBMJNFOUPT&MBQPSUFBMBBMJNFOUBDJOEFQFOEFSEFMBTDBOUJEBEFTDPOTVNJEBTQPS
MBHFOUF EFMBTFTQFDJFTJOWPMVDSBEBTZEFMBGSFDVFODJBEFMDPOTVNP
-B HFOUF DPOTVNF B NFOVEP )4$ FO NVDIPT QBTFT Z TUPT TPO VO BQPSUF
WBMJPTP Z B NFOVEP FTFODJBM B MBT EJFUBT DPNP EFNVFTUSB VO FTUVEJP FGFDUVBEP
FO .BMBXJ "CCPUU
&TUF FTUVEJP EFUBMMBEP EF MBT DPTUVNCSFT BMJNFOUJDJBT
FO MPT QPCMBEPT SFWFM RVF LH EF WFHFUBMFT TFDPT P EF )4$ FSB TVGJDJFOUF BM
TFS SFIJESBUBEPT
QBSB BMJNFOUBS B VOB GBNJMJB EF DVBUSP NJFNCSPT EVSBOUF EPT
TFNBOBT "CCPUU

3&$6"%30
"NJOPDJEPT QSPUFOBTZFMWBMPSOVUSJUJWPEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
%JWFSTBTNFEJEBT DNQVUPT OEJDFT WBMPSFT
CBTBEBTFOMBDPNQPTJDJOEFBNJOPDJEPTTPOVTBEBT
QBSB DPNQBSBS FM WBMPS OVUSJUJWP EF MPT )4$ DPO PUSPT BMJNFOUPT -PT DPOUFOJEPT EF HSBTBT Z EF
DBSCPIJESBUPTTPOEFNFOPSJOUFSTQPSRVFSBSBNFOUFTPOGBDUPSFTMJNJUBOUFTFOMBTEJFUBT-PTFTUVEJPT
BMJNFOUBSJPTTPCSFMPT)4$QPESBOQSPQPSDJPOBSMBFWJEFODJBNTEJSFDUBEFTVWBMPSOVUSJUJWP QFSP
IBTUBMBGFDIBOPIBOTJEPSFBMJ[BEPT
&MTFCBTBFOMBDBOUJEBEEFMPTBNJOPDJEPTNTMJNJUBOUFTQSFTFOUFT
FOVOBMJNFOUPFODPNQBSBDJODPOVOBQSPUFOBEFSFGFSFODJB QFKVOIVFWPEFHBMMJOB
&M
NJEFMBQSFTFODJBEFBNJOPDJEPTRVFMBHFOUFOPQVFEFTJOUFUJ[BS EBOEP
VOBNBZPSJOEJDBDJOEFMWBMPSOVUSJUJWPQPUFODJBM4JOFNCBSHP FTUFOEJDFOPFTQFDJGJDBMBNBOFSB
FYBDUB FO MB DVBM FTUPT BNJOPDJEPT TPO BCTPSCJEPT Z VUJMJ[BEPT QPS FM DVFSQP SB[O QPS MB DVBM TF
DPNQVUBTV RVFFTEFSJWBEPEFM
-PT EF MPT )4$ TF DPNQBSBO GBWPSBCMFNFOUF DPO PUSPT
BMJNFOUPT $VBESP
%BEP RVF FYJTUFO GVFOUFT SFTUSJOHJEBT EF QSPUFOBT QBSB MB QPCMBDJO SVSBM
FO MPT QBTFT FO EFTBSSPMMP MB DPOUSJCVDJO EF MPT )4$ FT NT JNQPSUBOUF EF MP RVF TF SFDPOPDF
BNQMJBNFOUF&MQFSNJUFMBDPNQBSBDJOEFMPT)4$DPOQFRVFBTDBOUJEBEFT
EFQSPUFOBTEFBMUBDBMJEBEZEFMBTRVFUJFOFOVOWBMPSOVUSJUJWPNTCBKP-PTEBUPTEFM$VBESP
NVFTUSBOFMDBNQPNTBNQMJPEFWBMPSFTDPOUFOJEPTFOVOONFSPMJNJUBEPEFFTQFDJFTFYBNJOBEBT
-BDPOUSJCVDJOGJOBMEFMPT)4$BMBTEJFUBTEFQFOEFOPTPMBNFOUFEFTVTWBMPSFTJOUSOTFDPTDPNP
DBMDVMBEPQPSFTUBTNFEJEBT TJOPUBNCJOEFMBTDBOUJEBEFT ZFTQFDJFT
DPNJEBTFODPNQBSBDJODPO
PUSPTBMJNFOUPT-PTBOMJTJTOVUSJUJWPTNVFTUSBORVFMPT)4$TPOVOBGVFOUFJNQPSUBOUFEFQSPUFOBT
FO MPT QBTFT FO EFTBSSPMMP Z UJFOFO FM QPUFODJBM QBSB DPOUSJCVJS NBZPSNFOUF B MBT EJFUBT EF MBT
QPCMBDJPOFTEFNVDIPTQBTFT
%F$SJTBOZ4BOET

&M UJFNQP EF DPOTFSWBDJO EF MPT )4$ QVFEF TFS CSFWF QFSP MBT DPTFDIBTTPO
QSFTFSWBEBT UBNCJO FO VOB HSBO DBOUJEBE EF NPEPT EJGFSFOUFT &O MB 'FEFSBDJO EF
3VTJBZFO$IJOBMPT)4$TPOQSFTFSWBEPTHFOFSBMNFOUFFOTBMNVFSB *MVTUSBDJO

-PT SVTPT DPOHFMBO UBNCJO MPT )4$ QBSB TV VTP QPTUFSJPS 7MBEZTIFWTLJZ -BMFUJO
Z 7MBEZTIFWTLJZ
&O 4VEGSJDB MPT IPOHPT DPNFTUJCMFT TF DPOTVNFO GSFTDPT Z
FTNFOPTDPNORVFMPTTFRVFO&OUPEBMBSFHJOEFMNJPNCPTVEBGSJDBOPMPT)4$
TPOVOBGVFOUFJNQPSUBOUFEFOVUSJDJOFOFMQFSPEPEFMBPDVBOEPFMTVNJOJTUSPEF
PUSPTQSPEVDUPTBMJNFOUJDJPTFTFTDBTP FTEFDJSFOMPTiNFTFTEFIBNCSVOBu-BEJFUB
FOFTUFQFSPEP DPOTJTUFQSJODJQBMNFOUFEFOTJNB VOBFTQFDJFEFBWFOBBCBTFEFNB[
PEFZVDB
BMBDVBMTFBHSFHBOMPTIPOHPT *MVTUSBDJO
&TUBTTBMTBTTVNJOJTUSBOMPT
OVUSJFOUFTGVOEBNFOUBMFTZMFBHSFHBOTBCPSBMBOTJNBJOTQJEB
-BJOGPSNBDJOTPCSFMBTDBOUJEBEFTEF)4$DPOTVNJEPTJODMVZF
x .P[BNCJRVF BM OPSUF DFSDB EF MBT GSPOUFSBT DPO .BMBXJ MB HFOUF SFDPMFDUB EF
TFJT B LH EF )4$ EVSBOUF VOB UFNQPSBEB EJDJFNCSFNBS[P
4F FTUJN RVF
DBEBHSVQPGBNJMJBSDPOTVNFFOUSFZLHQPSBP&MQPSDFOUBKFEFDPOTVNP
EF 5FSNJUPNZDFT TDIJNQFSJ GVF DBMDVMBEP FO VOPT LH QPS GBNJMJB BM BP
"OMPHBTDPTUVNCSFTBMJNFOUJDJBTTFQPESBOFTQFSBS SB[POBCMFNFOUF FO.BMBXJ
ZPUSBTSFHJPOFTEFNJPNCP .BTVLBFO#PBFUBM

x ;JNCBCXF DBEB GBNJMJB DPOTVNF IBTUB LH EF IPOHPT FO VOB UFNQPSBEB
EF QSPEVDDJO QFSP TMP LH FO MBT SFBT EFGPSFTUBEBT .BTVLB
DPNVOJDBDJOQFSTPOBM$PMMFDUJPOPGNVTISPPNTJO;JNCBCXF

x 'FEFSBDJOEF3VTJBm4JCFSJBMBHFOUFSFDPMFDUBLHFOVOBPZDPOTVNF
FM QPS DJFOUP EJSFDUBNFOUF -B QPCMBDJO EF MB SFHJO EF ,SBTOPZBSTL
SPOEBMPTUSFTNJMMPOFTEFIBCJUBOUFTFOVOSFBEF NJMMPOFTEFLNTFDBMDVMB

$6"3%0
7BMPSOVUSJDJPOBMFTUJNBEPEFBMHVOPTIPOHPTDPNFTUJCMFT
&41&$*&4
/%*$&%&".*/0$*%04
7"-03#*0-(*$0
$.1650%&".*/0$*%04
/%*$&/653*$*0/"-
&4&/$*"-&4
"HBSJDVTCJTQPSVT


.BDSPMFQJPUBQSPDFSB

4VJMMVTHSBOVMBUVT

5FSNJUPNZDFT

&TQFDJFTEFMNVOEP

$VMUJWBEP#BTBEPFO'"0SFGFSFODFQBUUFSOTBOENFBOWBMVFTGPSTQFDJFTGSPNTFWFSBMTPVSDFT%BUPTOPQVCMJDBEPTQSFQBSBEPT
EF(SBIBN1JFBSDF7BTFFOFM3FDVBESPVOEFCBUFTPCSFMBOVUSJDJO
$6"%30
7JTJOHFOFSBMEFMPTWBMPSFTOVUSJDJPOBMFTEFWBSJPTBMJNFOUPTDPNQBSBEPTDPOMPTIPOHPT
*/%*$&%&".*/0$*%0&4&/$*"-&4
$.1650%&
".*/0$*%04
*/%*$&/653*$*0/"-
$FSEP CPWJOP QPMMP
$FSEP
-FDIF
#PWJOP QPMMP
#PWJOP
1BUBUBT GSJKPMFT
-FDIF
$FSEP
.B[
3FQPMMP
'SJKPMFTEFTPKB
1FQJOP
1BUBUBT
&TQJOBDBT
1PMMP
$BDBIVFUFT
$BDBIVFUFT
-FDIF
&TQJOBDBT GSJKPMFTEFTPKB
.B[
'SJKPMFT
3FQPMMP
'SJKPMFT
$BDBIVFUFT
/BCPT
1FQJOPT
3FQPMMP
;BOBIPSJBT
/BCPT
1FQJOPT
5PNBUFT
;BOBIPSJBT
.B[
&TQJOBDBT
/BCPT
'SJKPMFTEFTPKB
1BUBUBT
5PNBUFT
5PNBUFT
;BOBIPSJBT
)oMBTDPMVNOBTTPNCSFBEBTNVFTUSBOFMNCJUPEFWBMPSFTQBSBMPTIPOHPT-PTOEJDFTZMPTSFTVMUBEPTGJOBMFTGVFSPODBMDVMBEPT
FO DPNQBSBDJO DPO MPT NPEFMPT EF SFGFSFODJB QVCMJDBEPT QPS MB '"0 MPT WBMPSFT CJPMHJDPT TJHVFO NVZ EF DFSDB MPT OEJDFT EF
BNJOPDJEPTFTFODJBMFT%BUPTEF$SJTBOZ4BOET

RVF FM QPS DJFOUP EF MBT GBNJMJBT SFDPMFDUB )4$ QBSB DPOTVNP QFSTPOBM QPS
QBTBUJFNQP P QBSB WFOEFSMPT CBTBEP FO MBT FOUSFWJTUBT EF FODVFTUBEPT
&M
VTPEF)4$IBDSFDJEPEFMQPSDJFOUPFOMPTMUJNPTBPTZ IPZFOEB
QSPQPSDJPOBFMQPSDJFOUPEFMPTJOHSFTPTGBNJMJBSFT 7MBEZTIFWTLJZ -BMFUJO
Z7MBEZTIFWTLJZ

$PNP SFHMB HFOFSBM DVBOUP NT QPCSF FT MB QPCMBDJO NT QPTJCJMJEBEFT FYJTUFO
EF RVF SFDPMFDUF Z DPOTVNB )4$ "MHVOBT USBEJDJPOFT TF IBO QFSEJEP EFCJEP B VOB
NFKPSFEVDBDJOZTJTUFNBTEFWJEBMFKPTEFMBDBNQJB MPRVFQSPEVDFVOBSFMVDUBODJB
DSFDJFOUFBMDPOTVNPEFUPEBTMBTFTQFDJFT JODMVTPEFMBTNTDPNVOFT 3FDVBESP

-PXZ
&O MB 3FQCMJDB EF $PSFB $IJOB 'FEFSBDJO EF 3VTJB Z +BQO MB
USBEJDJOEFDPNFS)4$FTNVDIPNTGVFSUFZQBSFDFRVFIBSFTJTUJEPBMPTDBNCJPT
RVFFTUBUSBEJDJONJTNBIBTVGSJEPFOMPTEFNTMVHBSFT
&M DPOTVNP EF )4$ QPS QBSUF EF MBT QPCMBDJPOFT SVSBMFT FT UBOUP VOB TFMFDDJO
JOEJWJEVBM DPNP VOB FTQFDJF EF MUJNP SFDVSTP 4F EJTQPOF EF QPDB JOGPSNBDJO
GJEFEJHOB TJO FNCBSHP TPCSF FM VTP EF MPT )4$ FO MPT iQFSPEPT EF IBNCSVOBu
&O MB 'FEFSBDJO EF 3VTJB MPT TJTUFNBT EF EJTUSJCVDJO EF BMJNFOUPT IBO DPMBQTBEP
Z MPT TVCTJEJPT FTUBUBMFT QBSB MPT BMJNFOUPT IBO EFTBQBSFDJEP PCMJHBOEP B MB HFOUF B
iSFHSFTBSBMBDBNQJBu%FFTUFNPEPTFIBEFTBSSPMMBEPVOBEFQFOEFODJBSFOPWBEBEF
MPTQSPEVDUPTOBUVSBMFTZEFMBTUSBEJDJPOFTEFSFDPMFDDJOZEFDPOTVNPEFMPT)4$
&MBMDBODFEFFTUPTDBNCJPTOPFTNVZDMBSP QFSPFOGBUJ[BVOBWF[NTFTBDFSDBOBBM
DBNQPBTPDJBEBDPOFMDPOTVNPEF)4$

&MBQPSUFBMBTBMVE
-PT IPOHPT NFEJDJOBMFT TPO VTBEPT DPUJEJBOBNFOUF FO MB .FEJDJOB USBEJDJPOBM DIJOB
.5$
Z MB DPODJFODJB EF TVT VTPT FTU DSFDJFOEP :JOH FU BM )PCCT

-PTIPOHPTTJMWFTUSFTNFEJDJOBMFTTFSFDPMFDUBOZDPOTVNFOUBNCJOFO.YJDPZFO
NVDIPTPUSPTQBTFT $VBESP
QFSPTVVTPNTBNQMJPZGSFDVFOUFFTUBTPDJBEPDPO
MBTQPCMBDJPOFTEF$IJOBZ"TJB-PTIPOHPTNFEJDJOBMFTTPOWFOEJEPTUBNCJOFOMPT
NFSDBEPT DIJOPT BVORVF MB DPOUSJCVDJO EF MBT SFDPMFDDJPOFT FO TV BNCJFOUF OBUVSBM
BOOPTPONVZDMBSBT $IBNCFSMBJO

&OUPEPFMNVOEPMBNBZPSBEFMBTWFOUBTQSPWJFOFOEFFTQFDJFTDVMUJWBEBT BVORVF
NVDIBTFTQFDJFTTPOUBNCJOSFDPMFDUBEBTFOTVICJUBUOBUVSBM $VBESP
&MPCKFUJWP
EFMBSFDPMFDDJOTJMWFTUSFEFMPT$PSEZDFQTTJOFOTJTFOMB3FHJO"VUOPNBEF5JCFU
FO 4JDIVBO 8JOLMFS
Z FO PUSBT QBSUFT EF $IJOB WFB FM NBQB EF EJTUSJCVDJO
FO.BP
FTHBOBSNVDIPEJOFSP *MVTUSBDJO
.TBMMEF$IJOBOPFYJTUFVO
DPNFSDJPJOUFSOBDJPOBMBQSFDJBCMFEFIPOHPTNFEJDJOBMFT
-PTCFOFGJDJPTUFSBQVUJDPTEFMPTIPOHPTTJMWFTUSFTFTUOSFTVNJEPTFOFM$VBESP
FTQFDJGJDBOEPRVFNVDIPTEFFMMPTTPODPOTVNJEPTDPNPBMJNFOUP
$0.&3$*"-*;"$*/-0$"-&*/(3&404&$0/.*$04
)BZ EPT QBVUBT TPCSF FM VTP EF MPT )4$ TVCTJTUFODJB P VTP QFSTPOBM Z SFDPMFDDJO
DPNFSDJBM -PT EBUPT TPCSF MBT SFDPMFDDJPOFT QBSB VTP QFSTPOBM TPO FTDBTPT QFSP FM
$6"%30
1SPQJFEBEFTZDBSBDUFSTUJDBTEFQSJODJQBMFTNBDSPNJDFUPTNFEJDJOBMFT
/0.#3&$*&/5'*$0
1301*&%"%&4
{64"%0$0.0
3&$0-&$$*/
.&%*$*/"-&4
"-*.&/50
&/ 46 )#*5"5
$6-5*7"%0
130%6$50
$0.&3$*"-
/"563"-

"HBSJDVTCMB[FJ
iDPNFTUJCMFw
OP
"HSPDZCFBFHFSJUB
"SNJMMBSJBNFMMFB
%FOESPQPMZQPSVT
VNCFMMBUVT
OP
OP
'MBNNVMJOBWFMVUJQFT
'PNFTGPNFOUBSJVT
OP
(BOPEFSNBBQQMBOBUVN
OP
(BOPEFSNBMVDJEVN

iDPNFTUJCMFw
OP
(SJGPMBGSPOEPTB
)FSJDJVNFSJOBDFVT
)ZQTJ[ZHVTNBSNPSFVT
OP
*OPOPUVTPCMJRVVT
OP
OP
OP
-BFUJQPSVTTVMQIVSFVT
-FOUJOVMBFEPEFT

OP
-FO[JUFTCFUVMJOB
OP
OP{
.BSBTNJVTBOESPTBDFVT
T{
T{
OP
0VEFNBOTJFMMBNVDJEB
iDPNFTUJCMFw
OP
1JQUPQPSVTCFUVMJOVT
OP
1MFVSPUVTPTUSFBUVT
1MFVSPUVTQVMNPOBSJVT
4DIJ[PQIZMMVNDPNNVOF
OP
5SBNFUFTWFSTJDPMPS
iDPNFTUJCMFw
OP
5SFNFMMBGVDJGPSNJT
iDPNFTUJCMFw
7PMWBSJFMMBWPMWBDFB
JNQPSUBODJBNFOPSDBOUJEBEFTJNQPSUBOUFTSFDPMFDUBEBT"NCPTWBMPSFTFTUOFOSFMBDJODPOMBTDBOUJEBEFTUPUBMFTVTBEBT
NVOEJBMNFOUF JODMVZFOEPMBTQSPEVDDJPOFTDVMUJWBEBT
/PUB -PT EJGFSFOUFT VTPT NFEJDJOBMFT DPOTJTUFO FO o "OUJCJUJDPT JODMVZF BOUJNJDUJDP BOUJCBDUSJDP BOUJQBSBTUJDP QFSP
OP BOUJWJSBM
o "OUJJOGMBNBUPSJP o "OUJUVNPSBMFT o "OUJWJSBM o 3FHVMBDJO EF MB QSFTJO TBOHVOFB o %FTSEFOFT
DBSEJPWBTDVMBSFT o IJQFSDPMFTUFSJOFNJB <$PMFTUFSPM BMUP HSBTBT BMUBT> o "OUJEJBCUJDP o *ONVOPNPEVMBDJO o 5OJDP
SFOBMo)FQBUPQSPUFDUPSo5OJDPOFVSPMHJDP {
"OUJEFQSFTJWPJNQSFDJTP
o1PUFODJBEPSTFYVBMo#SPORVJUJTDSOJDB
DPOUSB

'VFOUF8BTTFSZ8FJT B
3&$6"%30
-PTQFSNJTPTZMBTMFZFTFONBUFSJBEFSFDPMFDDJO
6OBEFMBTDPOTFDVFODJBTJOFWJUBCMFTEFMBSFDPMFDDJODPNFSDJBMFTMBJOUSPEVDDJOEFQFSNJTPT%FTEF
#IVUO B 4FSCJB TUPT TPO JOUSPEVDJEPT DPO FM QSFUFYUP EF SFHMBNFOUBS FM JNQBDUP DBVTBEP QPS MPT
SFDPMFDUPSFT Z QPS MB SFDPMFDDJO FO MBT QSPEVDDJPOFT GVUVSBT EF )4$ BVORVF FYJTUF QPDB FWJEFODJB
EF RVF FM EJOFSP QBHBEP B MBT BVUPSJEBEFT MPDBMFT TFB JOWFTUJEP FO MPT SFDVSTPT OFDFTBSJPT QBSB MBT
BDUJWJEBEFTOPSNBUJWBT
&O $BTUJMMB -FO BM OPSPFTUF EF &TQBB
FM TJTUFNB EF QFSNJTPT QBSB MB SFDPMFDDJO EF OTDBMPT
-BDUBSJVTEFMJDJPTVT
DPMBQTFO#VFOBWJTUBEF7BMEBWJBDVBOEPTMPDVBUSPQFSTPOBTTPMJDJUBSPOFTUB
BVUPSJ[BDJOFO BMQSFDJPEFEMBSFT&&66DVQPSVOBUFNQPSBEBEFTFJTNFTFT-PTEFNT
SFDPMFDUPSFTEFDJEJFSPORVFZBOPFSBOFDFTBSJPFTUFQFSNJTP QSJODJQBMNFOUFQPSRVFMPTHVBSEBCPTRVFT
EFM4FSWJDJPEF1SPUFDDJOEFMB/BUVSBMF[BTFEFNPTUSBSPOJOFGJDBDFTFOFMDPOUSPMEFMPTQFSNJTPT-PT
SFDPMFDUPSFTEFMBMPDBMJEBETFQSFPDVQBSPOQPSMBBGMVFODJBEFSFDPMFDUPSFTEFBGVFSBFOMPTDBNQPTEF
OTDBMPTZGVFSPOJOTVMUBEPTBMTPMJDJUBSRVFTUPTMFTNPTUSBSBOTVTSFTQFDUJWPTQFSNJTPT/PIBZSPDFT
PCWJPTFOUSFMBQPCMBDJOMPDBMZMPTSFDPMFDUPSFTEFMPTQPCMBEPTWFDJOPT QFSPNVDIPTFYQSFTBSPORVF
TFUFOBRVFWPMWFSBVUJMJ[BSFMTJTUFNBEFQFSNJTPTQPSRVFFTUBCBOQSFPDVQBEPTQPSMBTQFSTQFDUJWBTB
MBSHPQMB[PFOMBQSPEVDDJOEFIPOHPT
&O MPT BMSFEFEPSFT EF #PSHP 7BM EF 5BSP 1BSNB BM OPSUF EF *UBMJB
QBSFDF RVF FTUF TJTUFNB EF
QFSNJTPT GVODJPOB NFKPS -BT BVUPSJEBEFT MPDBMFT QVCMJDBO MBT OPSNBT DBEB BP FTUBCMFDJFOEP MBT
DPOEJDJPOFTZDPTUPTEFSFDPMFDDJOEF)4$-PTQSFDJPTDBNCJBOBQBSUJSEFDJODPEMBSFT&&66QPS
VOQFSNJTPEFVOEBQBSBMPTSFTJEFOUFTDPOVOMFWFBVNFOUPQBSBMPTOPSFTJEFOUFT-BTEJGFSFODJBTTPO
NTSFNBSDBEBTFOMPTQFSNJTPTEFTFJTNFTFT QBSBMPTDVBMFTMPTOPSFTJEFOUFTQBHBOIBTUBFMEPCMFEF
MPTSFTJEFOUFT IBTUBEMBSFT&&66
-BSFDPMFDDJOFTUSFTUSJOHJEBBUSFTDVBUSPEBTQPSTFNBOB
ZBVOBDBOUJEBEKPSOBMFSBEFLH&TUBSFBFTTFOTJCMFNFOUFNFKPSRVFMBEF#VFOBWJTUBEF7BMEBWJB
EPOEFMBOFDFTJEBEEFHBOBSEJOFSPDPOMPTOTDBMPTFTNTVSHFOUF
&O'SBODJB FMJODSFNFOUPEFSFDPMFDUPSFTEF)4$IBJOUSPEVDJEPMBOFDFTJEBEEFOPSNBTNTTFSJBT
TPCSFDVOEPZDVOUPQVFEFTFSSFDPMFDUBEP-PTMNJUFTKPSOBMFSPTEFLHIBOTJEPEFGJOJEPTDPO
QSPIJCJDJOEFSFDPMFDUBSMPTEBTNBSUFTZKVFWFT6OQFSNJTPBOVBMDVFTUBVOPTEMBSFT&&66
'VFOUFT&TQBBmEF3PNO DPNVOJDBDJOQFSTPOBM5SBEFJOOTDBMPTGSPN/PSUI4QBJOUP$BUBMPOJBBOEUSVGGMF
QSPEVDUJPO
*UBMJBmPCTFSWBDJPOFTQFSTPOBMFTZ;BNCPOFMMJ DPNVOJDBDJOQFSTPOBM5SVGGMFBOEDPMMFDUJOHQPSDJOJ
JO*UBMZ
'SBODJBm#SFMMF

BMDBODFEFFTUBQSDUJDBFTHMPCBMZIBZDBEBWF[NTJOGPSNFTRVFBZVEBOBEFNPTUSBS
MBJNQPSUBODJBEFMPT)4$QBSBMBTQPCMBDJPOFTSVSBMFTEFMPTQBTFTFOEFTBSSPMMP6OB
CVFOB DBOUJEBE EF FTQFDJFT TPO DPOTVNJEBT MPDBMNFOUF DPNQBSBEBT DPO FM QFRVFP
ONFSPJNQMJDBEPFOMBSFDPMFDDJODPNFSDJBM
'JOMBOEJBUJFOFMBJOGPSNBDJONTEFUBMMBEBTPCSFMBTSFDPMFDDJPOFTQBSBDPOTVNP
QFSTPOBMEF)4$ BVORVFTUPTTPOMBQBSUFNFOPTJNQPSUBOUFEFMBEJFUBGJOMBOEFTBEF
IPZFOEB FOUJFNQPTEFCJFOFTUBSFDPONJDPSFMBUJWP QFSPFYJTUFUPEBWBVOBQPZP
HVCFSOBNFOUBMQBSBTVSFDPMFDDJO)BZVOBGVFSUFUSBEJDJOEFSFDPMFDDJOZDPOTVNP
EF)4$FOFMFTUFEF'JOMBOEJB VOBSFHJOEPOEFTFFTUBCMFDJMBQPCMBDJOLBSFMJBOB
PSJHJOBSJB EF MB 'FEFSBDJO EF 3VTJB "MSFEFEPS EFM QPS DJFOUP EF MBT GBNJMJBT
LBSFMJBOBTMPTSFDPMFDUBQBSBWFOEFSMPTFOFMNFSDBEP BVORVFMBTDBOUJEBEFTDBNCJBOEF
BPFOBPEFCJEPBMBPTDJMBDJOEFMBTSFDPMFDDJPOFT&MBPUVWPVOBQSPEVDDJO
FTDBTB Z DFSDB EFM QPS DJFOUP EF MBT GBNJMJBT FOUSFWJTUBEBT OP SFDPMFDU OJ VO TPMP
IPOHPFOFTFQFSPEP-BTDPNVOJEBEFTNTQPCSFTSFDPMFDUBSPOQSJODJQBMNFOUFQBSB
WFOEFSFOMPTNFSDBEPTMPDBMFT )SLOFO

-BTDBOUJEBEFTUPUBMFTWFOEJEBTFOMPTNFSDBEPTMPDBMFTQVFEFOTFSJONFOTBT $VBESP

6OB FWJEFODJB BOFDEUJDB EF $IJOB OBSSB EF FOPSNFT DBOUJEBEFT SFDPMFDUBEBT
Z MMFWBEBT B MPT NFSDBEPT FO MPT QFRVFPT QPCMBEPT Z EF BI B MBT HSBOEFT DJVEBEFT

$6"%30
3FDPMFDDJOMPDBM DPNFSDJBMJ[BDJOZVTPEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
1"4
3&$0-&$$*0/&4:640
$"/5*%"%
'6&/5&
"MFNBOJB
.OJDI
#IVUO
1BSBMBWFOUBEVSBOUFFMWFSBOPEF UPEBTMBTFTQFDJFT
'VFOUF T
EF)4$OPDPOPDJEBT
-BHFOUFSFHVMBSNFOUFSFDPMFDUBQBSBVTPQFSTPOBM DPOTVNP
ZWFOUBFOMPTNFSDBEPT"MHVOPTNBUTVUBLFTGVFSPOWFOEJEPT
QSFDFEFOUFNFOUFFOMPTNFSDBEPTQFSPQSJODJQBMNFOUFQPS
DBTVBMJEBE-BHFOUFWFOEFBJOUFSNFEJBSJPTRVFMVFHPWFOEFO
BMPTFYQPSUBEPSFT
UPOFMBEBT
"SOPMET
/BNHZFM
$IJMF
4QQ$ZUUBSJB SFDPMFDDJOUPUBMFOVOBUFNQPSBEB QBSBWFOUBT

MPDBMFTZDPOTVNP
%BUP
EFTDPOPDJEP
TPCSFMBT
SFDPMFDDJPOFT
QBSBVTP
QFSTPOBM
oLH
$IJOB
4JDIVBO
.VDIBTFTQFDJFTSFDPMFDUBEBTZDPOTVNJEBT-PTNBUTVUBLFT
GVFSPOiEFTDVCJFSUPTwQPSMPTKBQPOFTFTFO&YQPSUBEPT
BUSBWTEF,VONJOHZ$IFOHEV {
-PTNBUTVUBLFTTPO
DPNQSBEPTQPSMPTDPNFSDJBOUFTRVFUJFOFOBDDFTPBM
USBOTQPSUF MPTMMFWBOBVOBMPDBMJEBEBLNEFEJTUBODJBZMPT
WFOEFODPOVOBVUJMJEBEEFM
3FDPMFDDJPOFTEJBSJBTEFMBTFTQFDJFTDPNFTUJCMFTFO(VJMPOH
%FRJOHFOUFNQPSBEBTEFNFTFT7FOEJEPTFOMBMPDBMJEBE
)POHPTSFDPMFDUBEPTQBSBFMVTPMPDBMQSPNFEJPBOVBMQFS
DQJUB
3FDPMFDDJPOFTJOEJWJEVBMFTEFUPEBTMBTFTQFDJFTFOMBT
UFNQPSBEBTCVFOBT&MTPOQBSBFMDPOTVNPQFSTPOBM
FMSFTUPFTWFOEJEP.VDIBTGBNJMJBTFTUODPOHFMBOEPFM
QSPEVDUP&OFMOPSUFEFMB5BJHBMBHFOUFDPOTVNF)4$
DBTJUPEPTMPTEBT&MNFSDBEPIBDPMBQTBEPKVOUPBMBT
PSHBOJ[BDJPOFTFTUBUBMFTQSFDFEFOUFNFOUF(PTQSPNLIPW
DPNQSIBTUBUPOFMBEBTBQSFDJPTGJKPTDVBOEPMB
UFNQPSBEBFSBCVFOBZMPTQSFDJPTEFDPNQSBFSBONTCBKPT
(ZSPNJUSBFTDVMFOUBDPNQSBEBQBSBFMDPNFSDJPFO B

C
MB'FEFSBDJOEF3VTJBFTPUSBGVFOUFQPTJCMF
$IJOB
:VOOBO
&TUPOJB
'FEFSBDJO
EF3VTJB
4JCFSJB
DFOUSBM
'JOMBOEJB
*OEJB
)JNBMBZB
*OEJB
.BEIZB
1SBEFTI
*UBMJB
.BMBXJ
-JXPOEF
.YJDP
$JVEBEEF
.YJDP
.YJDP
5MBYDBMB
3FQCMJDB
%FNPDSUJDB
EFM$POHP
3FQCMJDB
6OJEBEF
5BO[BOB
5VSRVB
;JNCBCXF
%BUP
EFTDPOPDJEP
TPCSFMBT
SFDPMFDDJPOFT
QBSBVTP
QFSTPOBM
oLH
LH
LH
4DINFEB
)JSTDINBOOFUBM
B
8JOLMFS :FI

3JKTPPSUZ1JLVO

1BBMZ
4BBTUBNPJOFO
7MBEZTIFWTLJZ
-BMFUJOZ
7MBEZTIFWTLJZ
B

UPOFMBEBT C

UPOFMBEBT
)SLOFO
1FLLBSJOFOZ
.BMJSBOUB
)BTUBLH
4JOHIZ3BXBU
UPOFMBEBT
)BSTI 3BJZ4POJ

UPOFMBEBT
)BMMFUBM B
6OPTEPTNJMMPOFTEFQFSTPOBTFTUOJOWPMVDSBEPTFOMB
SFDPMFDDJOEFIPOHPTZCBZBTTJMWFTUSFTDPNFTUJCMFTQBSBVTP
QFSTPOBMPQBSBMBWFOUB6OQSPNFEJPEFMEFSFDPMFDUPSFT
WFOEJTVQSPEVDUPFOEJTUSJUPT FMFOFMOPSUFEF
,BSFMJBZOPEFMUPEPFOEPTEJTUSJUPT FTUVEJP
"DUJWJEBE
EFFYQPSUBDJOMJNJUBEB
3FDPMFDDJOEJBSJBEFIPOHPTDPMNFOJMMBQPSQBSUFEF
SFDPMFDUPSFTFYQFSUPT UPEPTQBSBFYQPSUBDJO
5FSNJUPNZDFTIFJNJJWFOEJEPFONFSDBEPTEVSBOUFVOBP
QBSBFMDPOTVNPMPDBM/PQVFEFOTFSBMNBDFOBEPTQPSNT
EFVOEB BMHVOPTTPOTFDBEPTQBSBTVDPOTVNPQPTUFSJPS&M
5)FJNJJOPHBOBMPTQSFDJPTEFQSJNFSBRVFTFNFSFDF-PT
QPMZQPSFTNFEJDJOBMFTTPOSFDPMFDUBEPTQFSPDPNQSBEPTBCBKPT
QSFDJPTDPNQBSBEPTDPOMPTQSFDJPTBMQPSNFOPSEF/VFWB
%FMIJ
4QQ5VCFSSFDPMFDUBEBTFOQSPNFEJPBOVBM JODMVZFOEPFM
EFQSFDJPTNTBMUPTQBSBFMNFSDBEPOFHSP7FOEJEPFOMB
MPDBMJEBE
5PEBTMBTFTQFDJFTDPNFTUJCMFT WFOEJEBTFOEVSBOUFEPT
NFTFT EFVOPTQVFTUPTEFWFOUB
)VJUMBDPDIF FMNB[JOGFDUBEPQPSFM6TUJMBHPNBZEJT
WFOEJEP
FOMPTNFSDBEPT
UPOFMBEBT
#PBFUBM

UPOFMBEBT
7JMMBOVFWB
-BQSPEVDDJOEFVOEBEFSFDPMFDDJO UPEBTMBTFTQFDJFT
LH
$POTVNPBOVBMFOMBSFHJOEFM4IBCBEFMBTSFDPMFDDJPOFT
MPDBMFT
UPOFMBEBT
.POUPZB&TRVJWFMFU
BM
%FHSFFGFUBM
7FOEJEPTBPSJMMBTEFMDBNJOP BNFOVEPDFSDBEFMMVHBSEPOEF
DSFDFOMPT5FSNJUPNZDFT
ZFOMPTNFSDBEPT/PTFUJFOFOPDJO
TPCSFMBTFYQPSUBDJPOFT
3FDPMFDDJPOFTEFQPCMBEPTEF B
C
#PMFUVTFEVMJT D
TQQ.PSDIFMMB E
TQQ-BDUBSJVToWBMPS
UPUBMFO&&66-BNBZPSQBSUFQBSBMBWFOUBMPDBM
7PMVNFOUPUBMEFUPOFMBEBT%BUPTEF
%BUP
EFTDPOPDJEP
)SLOFO
B
UPOFMBEBT
C
UPOFMBEBT
D
UPOFMBEBT
E

UPOFMBEBT
oLH
$BWBMDBTFMMF
3FDPMFDDJOEF#PMFUVTFEVMJTQPSQFSTPOBBMEB TMPQBSBMB
FYQPSUBDJO
.BTVLB $PN

1FST$PMMFDUJPO
PGNVTISPPNTJO
;JNCBCXF
/PUBMBTDBOUJEBEFTTFSFGJFSFOBMPTQSPEVDUPTQFTPGSFTDPPQSFTVNJEPTUBMFT FOBVTFODJBEFPUSBJOGPSNBDJO
*MVTUSBDJO
-BDPOTFSWBDJOFOTBMNVFSBEFMPT)4$FTVOFMFNFOUPJNQPSUBOUFEF
FTUFNFSDBEPZQFSNJUFVOBNBZPSPGFSUBEFHSBOEFTDBOUJEBEFTEFIPOHPTDPNFTUJCMFT
4FEFTDPOPDF TJOFNCBSHP TVDPOUSJCVDJOGJOBODJFSBBMPTNFEJPTEFWJEBSVSBMFT B
QFTBS EF MB BNQMJB WFOUB EF )4$ BM JOUFSOP EF $IJOB Z EFM DPOTVNP EF FYQPSUBDJO
DBTJFMQPSDJFOUPEF#PMFUVTFEVMJTJNQPSUBEPTQPS*UBMJBWJFOFOEF$IJOB #PSHIJ
DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO*UBMZ

RVFEFNVFTUSBODMBSBNFOUFRVFTFQSPEVDFOHSBOEFTDBOUJEBEFTEFEJOFSP
-BTFYQFSJFODJBTFO.BMBXJEFNPTUSBSPORVFFMEJOFSPHBOBEPQPSMPTSFDPMFDUPSFT
MPDBMFT FSB QPDP QFSP GVOEBNFOUBM Z RVF FYJTUF VO NFSDBEP MPDBM FO FYQBOTJO QBSB
MPT )4$ #PB FU BM
-BT NVKFSFT WBO GSFDVFOUFNFOUF B SFDPMFDUBS FO NVDIBT
QBSUFTEFMTVSEFGSJDBZVOCVFOONFSPEFJOGPSNFTDPOGJSNBOMBJNQPSUBODJBEF
FTUBBDUJWJEBEEVSBOUFMPTUSFTDVBUSPNFTFTRVFEVSBMBUFNQPSBEBDBEBBP 3JDIBSET
5IPNTPO

-BEJTUBODJBEFTEFMPTTJUJPTEFSFDPMFDDJOIBTUBMPTQPTJCMFTNFSDBEPTFTVOGBDUPS
DMBWFQBSBMBWFOUBEFMPT)4$-PTNFSDBEPTBNCVMBOUFT BMCPSEFEFMPTDBNJOPTEF
QFOFUSBDJO
FO-JMPOEF .BMBXJ FTUODFSDBEFMPTCPTRVFTEPOEFTFSFDPMFDUBOMPT
)4$-BDBSSFUFSBFTFMQSJODJQBMNFEJPEFDPNVOJDBDJOFOUSF#MBOUZSFZ-JMPOHXF
ZMPTQVFTUPTQSPWJTPSJPTWFOEFOBMSFEFEPSEFDJODPUPOFMBEBTEF)4$EVSBOUFVOB
UFNQPSBEB EF DVBUSP NFTFT /P IBZ FTDBTF[ EF QFSTPOBT RVF RVJFSBO SFDPMFDUBS Z
WFOEFS ZFTUPQFSNJUFFMJODSFNFOUPEFMBDPNQFUFODJBQPSMPTSFDVSTPTNJDUJDPT
IPZ FO EB MB HFOUF UJFOF RVF EFTQMB[BSTF NT MFKPT QBSB SFDPMFDUBS -PXPSF Z
#PB

-B FTUSVDUVSB EFM NFSDBEP FO .BMBXJ FT UQJDB EF NVDIPT QBTFT BGSJDBOPT QFK
4JFSSB -FPOB %PXO DPNVOJDBDJO QFSTPOBM 8JME FEJCMF GVOHJ 4JFSSB -FPOF

FT EFDJS WFOUBT MPDBMFT Z FO QFRVFB FTDBMB -BT WFOUBT FO -JXPOEF Z PUSPT MVHBSFT
EFQFOEFOEFMGMVKPEFUSGJDPZBMHVOPTEBTQPDPTDPNQSBEPSFTTFEFUJFOFO"MHVOPT
DPNFSDJBOUFT FTQFSBO IBTUB FM GJO EF MB KPSOBEB Z DPNQSBO FM QSPEVDUP OP WFOEJEP
EFTQMB[OEPTF MVFHP DPO SBQJEF[ IBDJB MPT NFSDBEPT DFOUSBMFT FO MBT DJVEBEFT NT
HSBOEFT &M QSFDJP RVF PGSFDFO FT CBKP QFSP MBT BMUFSOBUJWBT TPO TFDBS MPT IPOHPT P
EFTFDIBSMPT-PTNFSDBEPTMPDBMFTEF.BEIZB1SBEFTI *OEJB TPOUBNCJOFOQFRVFB
FTDBMB )BSTI 3BJZ4POJ
ZQBSFDFRVFGVODJPOBOEFMBNJTNBGPSNB BMJOUFSOP
EFMPTQPCMBEPTFOWF[EFMPTCPSEFTEFMPTDBNJOPTEFQFOFUSBDJO
&OMB'FEFSBDJOEF3VTJBFMDPMBQTPEFMBTJOTUJUVDJPOFTZEFMFTUBEPNFSDBEPIBBGFDUBEP
DPOTJEFSBCMFNFOUFMBTDBOUJEBEFTEFEJOFSPRVFMBHFOUFQVFEFHBOBSQPSNFEJPEFMPT)4$
$VBESP
-BTDPOUSBSJFEBEFTQSFDFEFOUFTQPSDVMQBEFMPTCBKPTQSFDJPTPGSFDJEPTQPSFM
FTUBEPTPOWJTUBT DPOMBTBCJEVSBEFMBFYQFSJFODJB DPONFOPTBTQFSF[BEFTQVTEFMDPMBQTP
EFMPTNFSDBEPTMPDBMFT 7MBEZTIFWTLJZ -BMFUJOZ7MBEZTIFWTLJZ

-B FMJNJOBDJO EFM DPOUSPM FTUBUBM FO $IJOB IB QSPEVDJEP VOB NBZPS BDUJWJEBE
FNQSFTBSJBM BVORVF OP TJO GSBDBTPT -BT JOEVTUSJBT RVF QSPDFTBO MPT NBUTVUBLFT
FO 4JDIVBO BQFOBT TPCSFWJWFO 8JOLMFS
MBT JOTUBMBDJPOFT BOMPHBT QBSB MB
QSPEVDDJO EFM HBOCBKVN 5IFMFQIPSB HBOCBKVN
OVODB PQFSBSPO FGFDUJWBNFOUF Z
FTUBTFNQSFTBTIBOTJEPFWFOUVBMNFOUFDFSSBEBT 3JKTPPSUZ1JLVO
&MDPNFSDJP
MPDBMEFHBOCBKVNIBDPOUJOVBEP BVORVFMPTSFDPMFDUPSFTFNQMFBONTUJFNQPFOMB
MJNQJF[BEFTVTQSPEVDUPTQBSBFMNFSDBEP IBTUBEPTIPSBTQPSLH
-PTDPOTVNJEPSFT
QBHBOQSFDJPTNTBMUPTQPSVOQSPEVDUPEFNFKPSDBMJEBE
&-$0.&3$*0/"$*0/"-&*/5&3/"$*0/"&MDPNFSDJPJOUFSOBDJPOBMEF)4$TFIBFGFDUVBEPEVSBOUFNVDIPTBPT&OMPTBPT
PDIFOUB /VFWB ;FMBOEJB FYQPSUBCB IPOHPT iPSFKB EF QBMPu "VSJDVMBSJB QPMZUSJDIB

B $IJOB $PMFOTP m )BMM ;BNCPOFMMJ Z 1SJNBWFSB
&O 'SBODJB
FYQPSU MB TPSQSFOEFOUF DBOUJEBE EF UPOFMBEBT EF USVGBT TQ 5VCFS
B *UBMJB
"JOTXPSUI
*UBMJB IB JNQPSUBEP QPS NVDIP UJFNQP #PMFUVT FEVMJT Z USVGBT EF
WBSJPT QBTFT *MVTUSBDJPOFT Z
FY :VHPTMBWJB FNQF[ B FYQPSUBS # FEVMJT FO MPT

$6"%30
1SPEVDDJONVOEJBMEFIPOHPTDVMUJWBEPT
5&.
1SPEVDDJONVOEJBM UPOFMBEBT

1SPEVDDJOEF$IJOB
7BMPSEFMBQSPEVDDJONVOEJBM
&&66NJMMBSFTEFNJMMPOFT

"HBSJDVTCJTQPSVT

-FOUJOVMBFEPEFT TIJJUBLF

OE
OE
1MFVSPUVT

OE
-PTEBUPTEFMTPOFTUJNBEPTCBTOEPTFFOVOQPSDJFOUPBOVBMEFJODSFNFOUPFOFMWPMVNFOZEFMQPSDJFOUPEF
JODSFNFOUPFOMPTQSFDJPTEF
'VFOUFT$IBOH $IBOHZ.JMFT
$6"%30
7BMPSEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTSFDPMFDUBEPTQPSQBTEFPSJHFO
1"4
3&$0-&$$*/:&91035"$*/
&/.*--0/&4
&&66
'6&/5&
$BOBE
"OUFTEFMBSFDBVEBDJOUSJCVUBSJBEFDPNQBBT
JOWPMVDSBEBTFOMBDVMUJWBDJO DPNQSBPWFOUBEFUPEPT
MPT)4$6OPTSFDPMFDUPSFTFTUOJOWPMVDSBEPT&M
QSPNFEJPFTEFMBTUFNQPSBEBTiCVFOBTwZiNBMBTw

8JMMTZ-JQTFZ
$IJOB 4JDIVBO
B
$PTFDIBBOVBMEF$PSEZDFQTEFIBTUBNFEJBEPTEF
MPTBPT
B

C

8JOLMFS
C
$PTFDIBEF$PSEZDFQTTJOFOTJTFO-JUBOH
$IJOB PFTUFEF
4JDIVBO
5SJDIPMPNBNBUTVUBLF SFOUBTQBSBMPTBHSJDVMUPSFT

8JOLMFS
$IJMF
)4$FYQPSUBEPTTBMBEPT TBMNVFSBEPT
ZTFDBEPT
EFTIJESBUBEPT
7BMPSBOVBM B
QSPNFEJP
C
JOUFSWBMP
B

C

'"0 B
&TUBEPT6OJEPT
B
IPOHPTDPMNFOJMMB C
SFCP[VFMPT D
NBUTVUBLFT E

CPMFUPT%BUPTQBSB
B

C

D

E

4DIMPTTFSZ#MBUOFS

.YJDP FO
FTUBEPT
5SJDIPMPNBNBHOJWFMBSFQBSBMBFYQPSUBDJO B
C

"CBSDBVOBTGBNJMJBT
B
C

XXXTFNBSOBUHPCNY
5VSRVB
5FSGF[JBCPVEJFSJ TQQ#PMFUVT TQQ.PSDIFMMB $BOUIBSFMMVT B

DJCBSJVTQBSBMBFYQPSUBDJOFO B
C

C

4BCSBZ8BMUFS
;JNCBCXF
#PMFUVTFEVMJTQBSBMBFYQPSUBDJOFOBP4FDBMDVMBVOB
QBSUJDJQBDJOEFoSFDPMFDUPSFT
#PBFUBM

BPTTFUFOUB #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJME

FEJCMFGVOHJJO*UBMZ

-BT FYQPSUBDJPOFT EF NBUTVUBLFT SFCP[VFMPT IPOHPT DPMNFOJMMB Z PUSPT )4$
iFYUJDPTuTPOVOFWFOUPNVDIPNTSFDJFOUF ZEPOEFBOUFSJPSNFOUF'SBODJBFYQPSUBCB
USVGBTB*UBMJB IPZ$IJOBFYQPSUB5VCFSTJOPTVN-PTMUJNPTBPTIBOWJTUP
VODSFDJFOUFNPWJNJFOUPEFSFCP[VFMPT IPOHPTDPMNFOJMMBZCPMFUPTDPNFTUJCMFTEFTEF
FMIFNJTGFSJPTVSIBDJBFMOPSUF&O&VSPQB FMTVNJOJTUSPMPDBMEF)4$OPIBMPHSBEP
JODSFNFOUBSMBEFNBOEBEFiIPOHPTFYUJDPTu *MVTUSBDJO

&MDSFDJNJFOUPEFMBEFNBOEBIBHFOFSBEPPQPSUVOJEBEFTDPNFSDJBMFTQBSBMPTQBTFT
EF &VSPQB EFM FTUF 5VSRVB Z .YJDP FOUSF PUSPT &TUBEPT 6OJEPT Z $BOBE IBO
JODSFNFOUBEPMBTFYQPSUBDJPOFTEFVOCVFOONFSPEF)4$ BVORVFTPONBZPSNFOUF
BTPDJBEPT B MPT NBUTVUBLFT FOWJBEPT B +BQO 3FDVBESP
-B EFNBOEB KBQPOFTB EF
NBUTVUBLFTIBQSPEVDJEPFGFDUPTJNQPSUBOUFTFOMPTNFEJPTEFWJEBEFMBTQPCMBDJPOFT
EF"TJBZ/PSUFBNSJDB&OMPT$VBESPT ZQSPQPSDJPOBNPTVOSFTVNFOEFM
DPNFSDJPNVOEJBMEFNBUTVUBLFT
&MQSFDJPEFMNBUTVUBLFDBNCJBDPOTJEFSBCMFNFOUF EFQFOEJFOEPEFMBTSFDPMFDDJPOFT
BOVBMFT BTJUJDB FTUBEPVOJEFOTF Z DBOBEJFOTF -PT CFOFGJDJPT GJOBODJFSPT QBSB MPT
SFDPMFDUPSFT TPO EJGDJMFT EF DVBOUJGJDBS BVORVF ZB TF PCTFSWBO MBT TFBMFT EF VOB
SJRVF[BFODSFDJNJFOUPFOQBSUFTEF4JDIVBO&O,ZBOCHBFMEJOFSPHBOBEPDPOMBWFOUB
EFNBUTVUBLFTZEF$PSEZDFQTQSPQPSDJPOBFMQPSDJFOUPEFMPTJOHSFTPTFOFGFDUJWP

$6"%30
.BUTVUBLFQSPEVDDJOOBDJPOBMFJNQPSUBDJPOFTB+BQOo FOUPOFMBEBT
"0
130%/"$*0/"-
*.1035"$*0/&4
%&*.1035
/"$*0/"-&4&
*.1035"%04
$0/46.0$0.0%&

OE

<>

OE

<>

OE

<>

OE

<>

OE

<>

-PTQSJNFSPTBPTFOMPTDVBMFTTFIBOOPUBEPMBTJNQPSUBDJPOFT
OEoEBUPTOPEJTQPOJCMFT-BQSPEVDDJOOBDJPOBMEFBTFFTUJNBFOVOBTUPOFMBEBTQPSBP
'VFOUFT -PT EBUPT IBO TJEP UPNBEPT EF WBSJPT BVUPSFT -BT GVFOUFT PSJHJOBMFT QBSFDFO TFS MBT FTUBETUJDBT KBQPOFTBT EF DPNFSDJP
7BTFMPTEBUPTEFBFOXXXGJOUSBDDPN
$6"%30
.BUTVUBLFFYQPSUBDJPOFTB+BQOEFWBSJPTQBTFTo FOUPOFMBEBT
1"4
#IVUO
$BOBE
$IJOB

50/&-"%"4"0
7"-03%&"04
.*--0/&4&&66

3FQCMJDB1PQVMBS
%FNPDSUJDBEF$PSFB

3FQCMJDBEF$PSFB

.YJDP
7BTFNTBEFMBOUF

.BSSVFDPT
5VSRVB
&TUBEPT6OJEPT
5SJDIPMPNBNBUTVUBLF5NBHOJWFMBSFQSPCBCMFNFOUF5DBMJHBUVN4FJODMVZFOGSFTDPTZDPOHFMBEPT

/PUB &M UPOFMBKF EF FYQPSUBDJPOFT EF VOB iCBTF EF EBUPT EFM HPCJFSOP NFYJDBOPw .BSUOF[$BSSFSB FU BM
TF IB FTDSJUP FO
DVSTJWB JODMVZFOEPEBUPTEF UPOFMBEBTUPOFMBEBT
ZEF UPOFMBEBT

'VFOUFXXXGJOUSBDDPN
8JOLMFS
&M FOUVTJBTNP QPS MB SFDPMFDDJO MBT KPSOBEBT DMBOEFTUJOBT MBCPSBMFT
MFWBOUOEPTFFOMBNBESVHBEBZSFDPMFDUBOEPDPOMJOUFSOBTFO#IVUO/BNHZFM

ZMPTOPSBSPTDPOGMJDUPTWJPMFOUPTFOUSFMPTSFDPMFDUPSFT :FI
JOEJDBMBBUSBDDJO
QFSDJCJEBQPSMBSFDPNQFOTBGJOBODJFSBQPUFODJBM
-B DBMJEBE EF MPT NBUTVUBLFT BGFDUB DPOTJEFSBCMFNFOUF MPT QSFDJPT PCUFOJEPT QPS
MPTSFDPMFDUPSFT-BTFYQPSUBDJPOFTEFMB3FQCMJDBEF$PSFBUJFOFOVOWBMPSBOMPHPB
MBTEFMB3FQCMJDB1PQVMBS%FNPDSUJDBEF$PSFBDVBOEPTFDPNQBSBOFOVOQFSPEP
EF DJODP BPT $VBESP
BVORVF FM WPMVNFO QSPNFEJP EF FYQPSUBDJO EVSBOUF FM
NJTNPQFSPEPIBZBTJEPTMPEFMQPSDJFOUPFOMB3FQCMJDB1PQVMBS%FNPDSUJDB
EF$PSFB-PTDPNFSDJBOUFTJUBMJBOPTIBOTVNJOJTUSBEPBQPZPUDOJDPQBSBNFKPSBSZ
NBOUFOFSMBDBMJEBEEFMBTFYQPSUBDJPOFTEF#PMFUVTFEVMJTFO4FSCJB ZIBIBCJEPVOCVFO

$6"%30
.BUTVUBLFWBMPSEFMBTFYQPSUBDJPOFTIBDJB+BQOEFTEFWBSJPTQBTFTo
1"4

.*--0/&4 :&/

.*--0/&4 :&/

.*--0/&4 :&/

.*--0/&4 :&/

.*--0/&4 :&/
505"-
.*--0/&4 :&/
505"-.*--0/&4
&&66
#IVUO

$BOBE

$IJOB

3FQCMJDB1PQVMBS
%FNPDSUJDBEF
$PSFB

3FQCMJDBEF
$PSFB

.YJDP
.BSSVFDPT
5VSRVB
&TUBEPT6OJEPT
5PUBM
5PUBMHFOFSBM
NJMMPOFT
&&66

EMBS &&66 ZFO &O FM UPUBM HFOFSBM TF JODMVZFO WBSJPT QBTFT RVF GVFSPO FYQPSUBEPSFT NFOPSFT F JSSFHVMBSFT -PT EBUPT
JODMVZFOMPTNBUTVUBLFTGSFTDPTZDPOHFMBEPT
JODSFNFOUPFOMBTDBOUJEBEFTEFEJOFSPHBOBEBTFOFMNCJUPOBDJPOBM #PSHIJ


-PT QSFDJPT QPS LH QBHBEPQPSUSVGBTZNBUTVUBLFTQSPEVDFONVDIPJOUFSTQFSP
FTUP OP TF SFGMFKB OFDFTBSJBNFOUF FO MBT DBOUJEBEFT RVF WBO B QBSBS BM CPMTJMMP EF MPT
SFDPMFDUPSFT&TQPTJCMFDPOEVDJSVOBCVFOBWJEBQPSNFEJPEFMBSFDPMFDDJOEFUSVGBT
QFSP FM ONFSP EF CFOFGJDJBEPT FT SFMBUJWBNFOUF CBKP *MVTUSBDJO
-B QPCMBDJO
SVSBMHBOBDBOUJEBEFTUJMFTFOVOCSFWFQFSPEPEFUJFNQPDPOMBSFDPMFDDJOEFMPT
IPOHPTDPMNFOJMMB TQ.PSDIFMMB
FO*OEJB 1SBTBEFUBM
ZFO1BLJTUO 1BLJTUBO
&DPOPNJTU
QFSPFMDPNFSDJPFO/FQBMZ"GHBOJTUOQBSFDFTFSNFOPTMVDSBUJWP
-PTIPOHPTDPMNFOJMMBTPOSFDPMFDUBEPTFOFM)JNBMBZBZMPTSFDPMFDUPSFTQVFEFOHBOBS
VOPTEMBSFT&&66BMEB-BDBOUJEBEUPUBMEFEJOFSPHBOBEPFOVOBUFNQPSBEB
TJHOJGJDB FM QPS DJFOUP EF MPT JOHSFTPT FO FGFDUJWP QBSB QPCMBEPT 4JOHI Z
3BXBU
ZVOJOHSFTPBOVBMEFEMBSFT&&66GVFSFWFMBEPFOPUSPTPOEFP
FGFDUVBEPTPCSFVOBCBTFEFGBNJMJBTFOQPCMBEPT 1SBTBEFUBM

&O 5VSRVB GVFSPO WFOEJEBT BMSFEFEPS EF UPOFMBEBT EF -BDUBSJVT EFMJDJPTVT
GSFTDPTFOQPCMBEPT $VBESP
&MWBMPSUPUBMBOVBMEFDVBUSPFTQFDJFTTJMWFTUSFT
QSJODJQBMFTSPOEMPTEMBSFT&&66 FTEFDJS VOBGVFOUFFTFODJBMEFJOHSFTPT
MPDBMFT &M QBQFM EF MPT DPNFSDJBOUFT FT JNQPSUBOUF FO FM GPNFOUP EF MPT NFSDBEPT
MPDBMFTZEFMDPNFSDJPJOUFSOBDJPOBM1SPQPSDJPOBOFMUSBOTQPSUF DSEJUPTFJODMVTJWF
BQPZPUDOJDP.VDIPNTJNQPSUBOUFBO FTVOBHBSBOUBQBSBMBWFOUB5BNCJOTF
CFOFGJDJBOGJOBODJFSBNFOUFEFMPTQSFDJPTNTBMUPTDVBOEPMPTQSPEVDUPTTPOWFOEJEPT
MPRVFIBQSPEVDJEPVODJFSUPFTDFQUJDJTNP )BSTI 3BJZ"ZBDIJ
1FSPTJOMPT
DPNFSDJBOUFTOPFYJTUJSBOMPTNFSDBEPTEFFYQPSUBDJOZFTUPSFEVDJSBFOPSNFNFOUF
MPT CFOFGJDJPT HBOBEPT FO FM NCJUP MPDBM Z OBDJPOBM QPS NFEJP EF MB SFDPMFDDJO
DPNFSDJBMEF)4$
-B WFOUB EF QFSNJTPT QBSB MB SFDPMFDDJO $BQUVMP TFDDJO 3FHMBNFOUBS MB
SFDPMFDDJO
ZMPTJNQVFTUPTMPDBMFTTPOPUSBTGVFOUFTQPUFODJBMFTEFHBOBODJB)BTJEP
FTUJNBEPRVFTFSFDPMFDUBHFOFSBMNFOUFFMEPCMFEFMBDBOUJEBE TQQ5VCFS
SFHJTUSBEB
EVSBOUFVOBUFNQPSBEBEFQSPEVDDJO )BMM ;BNCPOFMMJZ1SJNBWFSB
$MDVMPT
BOMPHPTZNTBMUPTIBOTJEPFGFDUVBEPTFOFY:VHPTMBWJBZFOVONCJUPEFFTQFDJFT
DPNFSDJBMNFOUFJNQPSUBOUFT *WBODFWJD
-PTJOHSFTPTQSPWFOJFOUFTEFQFSNJTPT
FJNQVFTUPTOPTJFNQSFFYQSFTBOMBTDBOUJEBEFTEF)4$SFDPMFDUBEPT
-PTCFOFGJDJPTFDPONJDPTQSPEVDJEPTQPSMBSFDPMFDDJODPNFSDJBMTPOJODJFSUPT
-B GMVDUVBDJO FO MBT DBOUJEBEFT SFDPMFDUBEBT Z MB DPNQFUFODJB EF MPT EFNT QBTFT

$6"%30
7PMVNFOEFMBTFYQPSUBDJPOFTEF)4$EFTEFBMHVOPTQBTFT FOUPOFMBEBT
1"4
"0
#0-&564&%6-*4
$"/5)"3&--64
.03$)&--"
&Y:VHPTMBWJB IPZ4FSCJBZ
.POUFOFHSP

BOVBM
OJOHVOB{
OE

1BLJTUO

OJOHVOB
OJOHVOB

1BTFTCMUJDPT -JUVBOJB

OE

OE
*OEJB
1PMPOJB

OE

OE
4VEGSJDB
BOVBM
o
OJOHVOB
OJOHVOB
5VSRVB

OE

OE

OE

OE

OE

;JNCBCXF

OE

BOVBM

OJOHVOB
/E EBUPT OP EJTQPOJCMFT /JOHVOB OP IBZ FWJEFODJB EF FYQPSUBDJPOFT QFTP FO TFDP -PT EFNT EBUPT TF
QSFTVNFOQFTPFOGSFTDP
'VFOUFT1BLJTUBO&DPOPNJTU #PBFUBM (VSFS DPNVOJDBDJOQFSTPOBM6OQVCMJTIFEUSBEFEBUBPO
XJMEFEJCMFGVOHJGPS5VSLFZ,BVM ,SPFHFS 1PUU DPNVOJDBDJOQFSTPOBM&YQPSUPG#PMFUVTFEVMJT
GSPN4PVUI"GSJDB4BCSBZ8BMUFS
QVFEFO QSPEVDJS BNQMJBT PTDJMBDJPOFT FO MPT QSFDJPT QBSUJDVMBSNFOUF EF MBT USVGBT Z
EF MPT NBUTVUBLFT -B DBMJEBE EFM QSPEVDUP SFDPMFDUBEP FT JNQPSUBOUF UBNCJO Z FT
VO NPEP TFODJMMP EF NBYJNJ[BS MBT FOUSBEBT Z MB BUFODJO EF MPT SFDPMFDUPSFT B FTUF
UJQP EF EFUBMMFT &M DSFDJFOUF TVNJOJTUSP EF SFCP[VFMPT BM 3FJOP 6OJEP EVSBOUF MPT
BPT OPWFOUB IB SFEVDJEP FM QSFDJP BM QPS NBZPS BM QPS DJFOUP EF TV WBMPS JOJDJBM
BQSPYJNBEBNFOUF -JWFTFZ DPNVOJDBDJOQFSTPOBM*NQPSUPGXJMEFEJCMFGVOHJ
UP UIF 6,
BVORVF FM JODSFNFOUP EFM WPMVNFO FYQPSUBEP QPS 1PMPOJB $VBESP

IBZBBVNFOUBEPMPTJOHSFTPTUPUBMFT
&OTFOUJEPHFOFSBMQPEFNPTBGJSNBSRVFIBZQPDBTQFSTPOBTRVFTFHBOBOMBWJEB
OJDBNFOUFDPOMBSFDPMFDDJOEFMPT)4$/PIBZFWJEFODJBTEFSFDPMFDDJODPNFSDJBM
%ZLFZ/FXUPO
RVFSFTQBMEFOVOJOHSFTPIJQPUUJDPEFVOPTNJMMPOFTEF
EMBSFT&&66QSPEVDJEPQPSVOFTGVFS[PMBCPSBMEFVOBTFNBOBFOFM3FJOP6OJEP
3PUIFSPF
&M HSFNJP DPNFSDJBM EF )4$ IB HBOBEP FO NVDIPT QBTFT TJO
FNCBSHP HSBOEFTDBOUJEBEFTEFEJOFSP-B3FQCMJDB1PQVMBS%FNPDSUJDBEF$PSFB
HBONJMMPOFTEFEMBSFT&&66QPSNFEJPEFMBTFYQPSUBDJPOFTEFNBUTVUBLFT
B+BQOEVSBOUFVOQFSPEPEFDJODPBPT $VBESP
4POOFDFTBSJPTFTUVEJPTNT
EFUBMMBEPTQBSBFYBNJOBSDNPTFCFOFGJDJBOMPTSFDPMFDUPSFTEFFTUFDPNFSDJP
-PT EBUPT QPDP VOJGPSNFT TPCSF FM WPMVNFO EF FYQPSUBDJPOFT EF MBT FTQFDJFT
DPNFSDJBMFT GVOEBNFOUBMFT SFWFMBO RVF TPO JNQMJDBEBT SFMBUJWBNFOUF QFRVFBT
DBOUJEBEFT $VBESP
1PMPOJBFYQPSUBMSFEFEPSEFUPOFMBEBTEFSFCP[VFMPT
FO MBFY6OJO4PWJUJDB BMSFEFEPSEF5VSRVBFYQPSUUPOFMBEBTEF
#PMFUVT FEVMJT FO NJFOUSBT *OEJB 1BLJTUO /FQBM "GHBOJTUO Z QPTJCMFNFOUF
*SOSFDPMFDUBOUPOFMBEBTEFIPOHPTDPMNFOJMMBGSFTDPTFOVOBP-PTCFOFGJDJPT
BMPTNFEJPTEFWJEBTPOJNQPSUBOUFTZNBZPSFTDBOUJEBEFTEFQFSTPOBT FO[POBTNT
FYUFOTBTDBEBEB HBOBOCVFOBTDBOUJEBEFTEFEJOFSP
&MDPNFSDJPNVOEJBMEFIPOHPTDVMUJWBEPT
)BIBCJEPVOJODSFNFOUPTPSQSFOEFOUFFOMBQSPEVDDJONVOEJBMEVSBOUFMPTMUJNPT
EJF[BPT $VBESP
&OMPTTIJJUBLF -FOUJOVMBFEPEFT
ZMBTFTQFDJFT1MFVSPUVT
TPCSFQBTBSPOFMWBMPSEFWFOUBTEFMPT"HBSJDVTCJTQPSVT VOIPOHPBQFUFDJEPNTQPS

TVGPSNBRVFQPSTVTBCPS6ODMDVMPNVOEJBMEFQSPEVDDJOQBSBFMBP CBTBEP
FOMPTEBUPTEF DPMPDBFMWBMPSNVOEJBMEFMPTIPOHPTDVMUJWBEPTFOVOPTNJM
NJMMPOFTEFEMBSFT&&66MPRVFTVQFSBFMWBMPSEFNVDIPTPUSPTQSPEVDUPT
&M DPNFSDJP EF )4$ Z MPT OFHPDJPT DPO MBT FTQFDJFT DVMUJWBEBT TF IBO FYQBOEJEP
FOPSNFNFOUF $BOUJEBEFT DPOTJEFSBCMFT EF FTQFDJFT TJMWFTUSFT Z DVMUJWBEBT TF WFOEFO
FOFMDPNFSDJP *MVTUSBDJO
-BTWFOUBTEF)4$TFIBOJODSFNFOUBEPFOPSNFNFOUF
QBSBMFMBNFOUFBMJODSFNFOUPEFMBTFTQFDJFTDPNFSDJBMFTWFOEJEBTFOFM3FJOP6OJEP&O
$IJOB MPTDPNQSBEPSFTIBONBOJGFTUBEPQSFGFSFODJBQPSMBTFTQFDJFTTJMWFTUSFT EVSBOUF
MBUFNQPSBEB FOWF[EFMPTIPOHPTDVMUJWBEPTRVFTPOEJTQPOJCMFTEVSBOUFUPEPFMBP
1SJFTU DPNVOJDBDJOQFSTPOBM&EJCMFBOENFEJDJOBMGVOHJJO$IJOBBOEHFOFSBM
JOGPSNBUJPO

-PTIPOHPTDVMUJWBEPTTPO IPZFOEB MBNBZPSFYQPSUBDJOiWFHFUBMuFO$IJOBZ
FYJTUFODBOUJEBEFTJNQPSUBOUFTEFQSPEVDUPSFTFOQFRVFBFTDBMBFOQBTFTUBMFTDPNP
7JFU/BNF*OEPOFTJB (VOBXBO
$IJOBZ7JFU/BNFYQPSUBOIPOHPTDVMUJWBEPT
B&VSPQB *MVTUSBDJO

*-6453"$*/
-04)0/(04$0.&45*#-&4&/'3*$"
'PUPTEFMB3FQCMJDB6OJEBEF5BO[BOBQPS.BSKB)SLOFO)BSSZ&WBOT MBTEF(IBOB-BTEFNTGPUPTTPO
EF&SJD#PB
%FS
"PSJMMBTEFMPT
DBNJOPTEFQFOFUSBDJO VO
QVFTUPEFWFOUBDPNOFO
.BMBXJ-PTDPNFSDJBOUFT
SBSBNFOUFWBOIBTUBMPT
NFSDBEPTZMPTSFDPMFDUPSFT
UJFOFORVFJSBFTUPTQVFTUPT
TJEFDJEFOOPWFOEFSQPSTV
QSPQJBDVFOUB
*[R
$POTUSVJEPTDPO
IPKBTTFDBTEF6QBDB FTUPT
DFTUPTTPOVTBEPTQBSBDPOUFOFS
MPTIPOHPTTFDPT ZIPSUBMJ[BT
EFIPKBT
SFDPMFDUBEPTFOMPT
CPTRVFT.BMBXJ
"SSJCB
-JNQJBOEPFMQSPEVDUP
EFVOBSFDPMFDDJO 5FSNJUPNZDFT

*[R
6OSFDPMFDUPSSFHSFTBDPO
TVDPTFDIBNBUVUJOB.BMBXJ
%FS
$PDJOBOEP$BOUIBSFMMVT
&TUFIPOHPHVJTBEPFTDPNJEP
HFOFSBMNFOUFDPOBWFOBEFNB[P
ZVDB3FQCMJDB6OJEBEF5BO[BOB
"SSJCB
-PTIPOHPTTJMWFTUSFT
DPNFTUJCMFTUBNCJOTFWFOEFOTFDPT
*[R
-MFWBOEPMPT5FSNJUPNZDFT
BMNFSDBEPMPDBMFO(IBOB
%FS
&YDBWBOEPDVJEBEPTBNFOUF
5FSNJUPNZDFTFOMB3FQCMJDB6OJEB
EF5BO[BOB$PNQBSFFMUBNBPDPO
MBTFTQFDJFTEF(IBOB

*-6453"$*/
-04)0/(04$0.&45*#-&4&/".3*$"-"5*/":&-$"3*#&
-BGVFSUFUSBEJDJOEFSFDPMFDDJOZDPOTVNPEF)4$TFFYUJFOEFEFTEF.YJDPIBTUB(VBUFNBMBZMVFHPQBSFDFJOUFS
SVNQJSTFSFQFOUJOBNFOUF4MPIBZVOSFHJTUSP RVFBRVJMVTUSBNPT
TPCSF#PMJWJB&OMB[POBEFM$BSJCFUBNCJOFT
BVTFOUFMBUSBEJDJOEFDPOTVNPEF)4$ BVORVFSFDPSEBNPTEFOVFWPRVFMPTIBJUJBOPTDPOTVNFOSFHVMBSNFOUFFM
EKPOEKPOEPOEFRVJFSBRVFWBZBO-BTGPUPTEF(VBUFNBMBTPOEF3PCFSUP'MPSFTMBTEF/VFWB:PSLEF(FOF:FUUFS
ZMBGFSJBEFIPOHPT 0BYBDB EF'BCSJDF&EVBSE MPTWFOEFEPSFTEF&MBJOF.BSTIBMM#PMJWJBEF&SJDL#PB
'FSJBTEFIPOHPTQBSBMFWBOUBSDPODJFODJBEFMBTFTQFDJFT
DPNFTUJCMFT0BYBDB .YJDP
.FSDBEPMPDBMEF0BYBDB .YJDPMPT)4$TFFYIJCFOB
MBEFSFDIB y"NBOJUBT
ZBMGSFOUFEFMBWFOEFEPSB
.FSDBEPEF1BU[O (VBUFNBMB
7FOEFEPSBBPSJMMBTEFMDBNJOPEF
-BDUBSJVTEFMJDJPTVTZ-*OEJHPTFOWFOUB QFOFUSBDJO (VBUFNBMB DPO-BDUBSJVT
FOMBNBOPZFOFMDFTUP

EFMJDJPTVTZ"NBOJUBTDBMJQUSPEFSNBT
-BTDPNVOJEBEFTIBJUJBOBTFOUPEPFMNVOEPDPNQSBO
BNFOVEPEKPOEKPO FTQFDJFEFMBGBNJMJB1TBUIZSFMMB /VFWB
:PSL
(SFHPSJBFSBMBOJDBWFOEFEPSB
EFLBMMBNQB OPNCSF2VFDIVBEFMPT
-FVDPBHBSJDVTIPSUFOTJT
FOFMNFSDBEP
EF$PDIBCBNCB #PMJWJB
-PTEKPOEKPOGSFTDPTTPODVMUJWBEPTFO)BJUZ
FYQPSUBEPTB&TUBEPT6OJEPT $BOBEZPUSPTQBTFT
#SPPLMZO /VFWB:PSL

*-6453"$*/
-04)0/(04$0.&45*#-&4&/"4*"
-BTGPUPTEF#IVUOTPOEF"MFYBOESB;BNCPOFMMJMBTEF7JFU/BNZ,VONJOH EF.BSJB$IBNCFSMBJO
MBTEFMTVEFTUFEF$IJOBEF.BSKB)SLOFO MBTEFNTGPUPTEF$IJOBTPOEF8BSSFO1SJFTU
"SSJCB
1SFQBSBDJOEFNBU
TVUBLFTQBSBMBFYQPSUBDJOB+BQO
EFTEF#IVUO-BDVBMJEBEUJFOFVOB
JNQPSUBODJBGVOEBNFOUBMFOMPTQSF
DJPTPCUFOJEPT
*[R
.BUTVUBLF 5SJDIPMPNB
NBUTVUBLF
#IVUO
%FS
7FOEJFOEPFTQFDJFT
$BOUIBSFMMVTZ3BNBSJB FOMBNBOP

5IJNQV #IVUO
$VMUJWBDJOEF"HBSJDVTCJTQPPSVT $FTUBEFVOSFDPMFDUPS BMOPSUFEF (SBODBOUJEBEEF)4$WFOEJEPTFO

1PLIBSB /FQBM1BUSPDJOBEBQPSQSPZFD 7JFU/BN
TBMNVFSB$IFOHEV $IJOB
UPEFBZVEBKBQPOT
"SSJCB
-ZPQIZMMVNEFDBTUFTFO
WFOUBFO,VONJOH $IJOB
*[R
-PT5FSNJUPNZDFTTPOVO
CVFOBMJNFOUPQBSBMPTOJPTEFM
DPOEBEPEF)BOZVBO 4JDIVBO $IJOB
%FS
6OSFDPMFDUPSEFMTVSEF
$IJOB

%FTBSSPMMBSFMQPUFODJBM
QPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT
)&$)04$-"7&
-BTQSJODJQBMFTDBSBDUFSTUJDBTEFMPT)4$CBTBEPTFOFTUBQSJNFSBWBMPSBDJOHFOFSBM
TPO
x FTQFDJFTEFIPOHPTTJMWFTUSFTDBUBMPHBEBTTPODPNFTUJCMFTZFTUFMJCSP
IBUPNBEPFODVFOUBFTQFDJFTVTBEBTDPNPBMJNFOUP DPOBMNFOPTPUSBT
FTQFDJFTSFDPOPDJEBTDPNPiBMJNFOUPuEFMBTRVFBOIBDFOGBMUBMBTFWJEFODJBT
x FTQFDJFTUJFOFOQSPQJFEBEFTNFEJDJOBMFT EFMBTDVBMFTOPTPODPOTVNJEBT
ZOPTFDPOTJEFSBODPNFTUJCMFTPUSBTFTQFDJFTUJFOFOPUSBTQSPQJFEBEFTZVTPT
QBSBMBQPCMBDJO QPSFKFNQMPSFMJHJPTP DPNPIPOHPTZFTRVFSPT FUD
x TPOSFDPMFDUBEPT DPOTVNJEPTZWFOEJEPTFONTEFQBTFTEFUPEPFMNVOEP
x MBDBOUJEBEHMPCBMSFDPMFDUBEBDBEBBPFTEFWBSJPTNJMMPOFTEFUPOFMBEBTDPOVO
WBMPSNYJNPRVFSPOEBMPTNJMNJMMPOFTEFEMBSFT&&66
-PT NBZPSFT CFOFGJDJPT Z DBSBDUFSTUJDBT EF MPT )4$ DPNP TF EFCBUF FO MPT
$BQUVMPTZTPO
x TPO VOB WBMJPTB GVFOUF EF OVUSJNFOUP DPO DPSSFTQPOEJFOUFT CFOFGJDJPT QBSB MB
TBMVE
x TPOVOBGVFOUFJNQPSUBOUFEFCFOFGJDJPTFDPONJDPTQBSBMBTDPNVOJEBEFTZQBSB
MBTFDPOPNBTOBDJPOBMFT
x MBTFTQFDJFTQSJODJQBMFTTPOFDUPNJDPSS[JDBTZBZVEBOBTPTUFOFSFMDSFDJNJFOUPEF
MPTSCPMFTZMBTBMVEEFMPTCPTRVFT
x TPO FTQFDJBMNFOUF WBMJPTPT QBSB MBT QPCMBDJPOFT SVSBMFT EF MPT QBTFT FO
EFTBSSPMMP
3&453*$$*0/&4(&/&3"-&4
(SBO QBSUF EFM USBCBKP PSJHJOBM TPCSF MPT )4$ TF IB DPODFOUSBEP FO MPT BTQFDUPT
NJDPMHJDPT P DJFOUGJDPT Z BVORVF RVFEB UPEBWB NVDIP QPS IBDFS MBT MBHVOBT NT
JNQPSUBOUFT FO MB JOGPSNBDJO Z FO FM DPOPDJNJFOUP DPODJFSOFO MPT BTQFDUPT TPDJBMFT
ZFDPONJDPTEFTVVTP4FDPOPDFQPDPBDFSDBEFMPTSFDPMFDUPSFTZEFMBTQSDUJDBT
EFSFDPMFDDJO QPSFKFNQMP PMBJNQPSUBODJBSFMBUJWBEFMPT)4$DPNQBSBEBDPOMBT
GVFOUFTBMUFSOBUJWBTEFBMJNFOUPPEFCFOFGJDJPTFDPONJDPT-BQSPEVDDJOTPTUFOJCMF
EF)4$OPFTTPMBNFOUFVOBGPSNBEFNBYJNJ[BSFMSFOEJNJFOUP TJOPFMSFFRVJMJCSJP
EFMPTSFDVSTPTDPOMPTEFNTVTPTZVTVBSJPTEFCPTRVFT
" QFTBS EF MBT MBHVOBT JNQPSUBOUFT FO FM DPOPDJNJFOUP FT GVOEBNFOUBM FOGBUJ[BS
UBNCJORVFTFIBOQSPEVDJEPBWBODFTJNQPSUBOUFTFOMBEFTDSJQDJOEFMPTBTQFDUPT
EFMBSFDPMFDDJODPNFSDJBMFOWBSJPTQBTFT)BZVOBFOPSNFDBOUJEBEEFJOGPSNBDJO
QVCMJDBEB QPS &TUBEPT 6OJEPT Z $BOBE QPS FKFNQMP Z MPT JOWFTUJHBEPSFT DIJOPT
UBNCJOIBOTVNJOJTUSBEPTOVFWPTQVOUPTEFSFGMFYJOTPCSFFMVTPEFMPT)4$RVF
EFNVFTUSBO TV JNQPSUBODJB HFOFSBMJ[BEB &O GSJDB DFOUSBM EFM TVS Z SFDJFOUFNFOUF
PSJFOUBM MPT QSPZFDUPT EF EFTBSSPMMP IBO FYQMPSBEP FM VTP MPDBM EF )4$ NJFOUSBT
MPT QSPHSBNBT OBDJPOBMFT FO .YJDP Z 5VSRVB IBO TPTUFOJEP MPT QSPHSBNBT EF
JOWFTUJHBDJOMPDBMEVSBOUFHSBOEFTQFSPEPTEFUJFNQP
)PZ FO EB FT BQSPQJBEP EFGJOJS MPT BSHVNFOUPT NT JNQPSUBOUFT RVF OFDFTJUBO
VMUFSJPSJOWFTUJHBDJO-BTTJHVJFOUFTTFDDJPOFTEFCBUFOMBTQSJPSJEBEFTEFJOWFTUJHBDJO

-PT)POHPT4JMWFTUSFT$PNFTUJCMFT1FSTQFDUJWBHMPCBMEFTVVTPFJNQPSUBODJBQBSBMBQPCMBDJO
TPCSF MB NJDPMPHB EJFUB FDPMPHB NJDUJDB NJDPSSJ[BT

Z BMNBDFOBNJFOUP Z TPCSF
DNP FGFDUVBS VO NFKPS VTP EF MB QSPEVDDJO BOVBM &TUBT TPO MBT SFBT DMBWF FO MBT
DVBMFT TF OFDFTJUB NT JOGPSNBDJO )BZ NVDIBT QSFHVOUBT TPCSF MB NFKPS GPSNB EF
BENJOJTUSBS MPT )4$ Z EF MPHSBS VOB QSPEVDDJO TPTUFOJCMF Z FTUF UFNB TF FYBNJOB
EFUBMMBEBNFOUFFOMBTTFDDJPOFTTJHVJFOUFT&OFM$VBESPTFSFTVNFOMPTBSHVNFOUPT
QSJODJQBMFTSFMBDJPOBEPTZTFEJTDVUFOUFOJFOEPFODVFOUBMBSFDPMFDDJODPNFSDJBMZMPT
VTPTQBSBMBTVCTJTUFODJB
&OMPT$VBESPTZTFUSBUBEFEFTBSSPMMBSVOFOGPRVFQSDUJDPBMBHFTUJORVF
TFS VUJMJ[BEP QPS MPT SFTQPOTBCMFT EF HFTUJO GPSFTUBM -BT EPT JORVJFUVEFT DPNVOFT
FO MB FYQMPSBDJO EF MB DBOUJEBE UPUBM EF )4$ TPO VO FTDBTP DPOPDJNJFOUP EF MBT
BDUJWJEBEFTBDUVBMFTZMBGBMUBEFEBUPTGJEFEJHOPT
13*03*%"%&4&/-"*/7&45*("$*/-04)0/(044*-7&453&4$0.&45*#-&4
-BJEFOUJGJDBDJOEFMBTFTQFDJFT
-BNJDPUBUSPQJDBMTFDPOPDFNVZQPDPZMPTDJFOUGJDPTIBOFYQSFTBEPJORVJFUVEFTTPCSF
FMFTUBEPJODPNQMFUPEFTVDPOPDJNJFOUPUBYPONJDP .FJKFS
4FIBMPHSBEPVO
QSPHSFTPBDFQUBCMFFOMBEFOPNJOBDJOEFMBTOVFWBTFTQFDJFTEFNBDSPNJDFUPT QFK
7FSCFDLFO FU BM "GZPO
Z NJFOUSBT UPEBWB IBZ NVDIP RVF IBDFS OP
IBZ FWJEFODJBT PCWJBT EF RVF FTUBT MBHVOBT FO FM DPOPDJNJFOUP UBYPONJDP FTUO
MJNJUBOEPFMVTPEFMPT)4$-BTDMBTJGJDBDJPOFTMPDBMFTTPOVOBHVBUJMEFMBTFTQFDJFT
iDPNFTUJCMFTuZiOPDPNFTUJCMFTu RVFQVFEFOTFSWFOFOPTBTPOP
-BTJOWFTUJHBDJPOFT
DJFOUGJDBTQVFEFOBZVEBSBEFGJOJSDPODMBSJEBEMBDPNFTUJCJMJEBEEFMBTFTQFDJFTZTPO
TJFNQSFVOBJOGPSNBDJOUJMVMUFSJPSTPCSFMBJEFOUJGJDBDJOEFMPTNBDSPNJDFUPT
-B SFOVFODJB BM DPOTVNP EF )4$ TJFNQSF TF CBTB FO FM UFNPS EF DPNFS IPOHPT
WFOFOPTPT Z FTUP MJNJUB FM VTP EF MBT FTQFDJFT DPNFTUJCMFT Z UBNCJO MPT JOUFOUPT EF
FYQBOEJSMPTNFSDBEPTMPDBMFT -PXPSFZ#PB
&OUPEBGSJDBEFMTVSMPT#PMFUVT
FEVMJTTFSFQSPEVDFOFOMBTQMBOUBDJPOFTEFQJOPTQFSPOPTFDPOTVNFOFOMBMPDBMJEBE
6OB QVCMJDJEBE BQSPQJBEB Z FM GPNFOUP QPS QBSUF EF MBT BVUPSJEBEFT SFDPOPDJEBT
BZVEBSBTVQFSBSFTUFUFNPS QFSPTPOOFDFTBSJPTFTGVFS[PTDPOKVOUPTQBSBDBNCJBSFTUF
UFNPSQSPGVOEBNFOUFBSSBJHBEPQPSMPTIPOHPTTJMWFTUSFT-PTFTGVFS[PTMPDBMFTQBSBMB
QSPNPDJOEFMPT)4$FTUONFKPSDPODFOUSBEPTFOMBTSFBTEPOEFZBTFDPOTVNFO
4FOFDFTJUBBNQMJBNFOUFEFHVBTTFODJMMBTMPDBMFTRVFJMVTUSFOMBTFTQFDJFTDPNFTUJCMFT
UJMFTEFDBEBSFHJO-BTHVBTEFDBNQPJOUFHSBMFTTPONVDIPNTUJMFTQFSPTPONT
DPTUPTBTZTVQSPEVDDJOFTNTDPNQMJDBEB-BTHVBTEFFTQFDJFTDPNFTUJCMFTOPTPO
QPSTNJTNBT TVGJDJFOUFTOFDFTJUBOTFSBQPZBEBTQPSDBNQBBTQCMJDBTRVFUSBUFOEF
USBORVJMJ[BS B MB HFOUF TPCSF MBT FTQFDJFT RVF TF QVFEFO DPOTVNJS FO UPEB TFHVSJEBE
-BT iBVUPSJEBEFT SFDPOPDJEBTu TPO UBOUP MPT DJFOUGJDPT RVF QVFEFO JEFOUJGJDBS MPT
NBDSPNJDFUPTDPNPMBHFOUFEFMMVHBSDPOIBCJMJEBEFTBOMPHBTBERVJSJEBTQPSNFEJP
EFMBFYQFSJFODJB FOMPRVFTFSFGJFSFBMPTIPOHPTRVFTFQVFEFODPOTVNJSDPOUPEB
TFHVSJEBEZBMBTUSBEJDJPOFTMPDBMFT
4JUVBDJOOVUSJDJPOBM
-PT CFOFGJDJPT OVUSJDJPOBMFT EF MPT )4$ OP IBO TJEP FYQMPSBEPT UPUBMNFOUF -B
JOGPSNBDJOQVCMJDBEBFTEFDBMJEBEWBSJBCMFZMPTQSPDFEJNJFOUPTEFBOMJTJTOFDFTJUBO
TFS FTUBOEBSEJ[BEPT #SFFOF
&M ONFSP EF FTQFDJFT TJMWFTUSFT RVF IBO TJEP
BOBMJ[BEBTFTUPEBWBSFEVDJEPZTFTBCFQPDPEFMBTEJGFSFODJBTFOUSFFTQFDJFTRVFTFEB
FOMPTEJGFSFOUFTQBTFT QPSFKFNQMPMPT$BOUIBSFMMVTZMPT#PMFUVTFEVMJT4FOFDFTJUB
JOWFTUJHBDJOTPCSFMBTFTQFDJFTRVFUJFOFOVONBZPSQPUFODJBMEFNFSDBEPZTFEFCFSB
IBDFS FTGVFS[PT QBSB TVCSBZBS MBT QSPQJFEBEFT OVUSJDJPOBMFT Z MBT WFOUBKBT .VDIBT
QPCMBDJPOFT KV[HBO MPT WBMPSFT EJFUUJDPT EF MPT IPOHPT DPO QPDPT DPOPDJNJFOUPT
EF TVT WFSEBEFSBT QSPQJFEBEFT CVTRVF NT JOGPSNBDJO FO FM $BQUVMP TFDDJO
$PNFTUJCJMJEBEZIPOHPTWFOFOPTPTZFOFM$BQUVMP TFDDJO/VUSJDJOZCFOFGJDJPT
QBSBMBTBMVE

.JDPSSJ[B
-BT SFMBDJPOFT FOUSF MPT )4$ Z MPT SCPMFT TPO NVZ DPOPDJEBT FO MBT FTQFDJFT
FDPONJDBNFOUFJNQPSUBOUFT UBMFTDPNPMPT#PMFUVT 5VCFSZ$BOUIBSFMMVTRVFGPSNBO
NJDPSSJ[BTDPONVDIBTFTQFDJFTBSCSFBTFOMPTQBTFTUSPQJDBMFT)BZVOBDBOUJEBEEF
JOGPSNBDJOFODPOUJOVPDSFDJNJFOUPTPCSFNVDIBTPUSBTBTPDJBDJPOFTFOUSFMPTIPOHPT
DPNFTUJCMFTZMPTSCPMFT QFSPOPIBOTJEPQSPDFTBEBTFOGPSNBEFCBTFTEFEBUPT QPS
FKFNQMP RVFQPESBOQFSNJUJSJOWFTUJHBDJPOFTQSFWJTJCMFT-BTJOWFTUJHBDJPOFTTPCSFMPT
NBUTVUBLFTFO"TJBGVFSPODPBEZVWBEBTQPSFMDPOPDJNJFOUPEFTVTSCPMFTBOGJUSJPOFT
/BNHZFM
ZFTUFFOGPRVFBZVEBSBFOMBQFSTQFDUJWBEFPUSPT)4$&MDPOPDJNJFOUP
TPCSFMBTBTPDJBDJPOFTNJDPSS[JDBTEFMBTFTQFDJFTDPNFTUJCMFTEF"NBOJUBT -BDUBSJVTZ
3VTTVMBTFTUDSFDJFOEPTMJEBNFOUF QFK7FSCFDLFOZ#VZDL

1PUFODJBMNFOUF IBZ HSBOEFT SFBT EF CPTRVFT EF NJPNCP FO .BMBXJ RVF OP TPO
BDDFTJCMFTQBSBMPTSFDPMFDUPSFTMPDBMFTRVFUSBCBKBOBQJFZVONFKPSDPOPDJNJFOUPTPCSF
MBTFTQFDJFTNJDPSS[JDBTRVFDSFDFODPOEFUFSNJOBEBTFTQFDJFTBSCSFBTQPESBBZVEBS
BJEFOUJGJDBSMBTSFBTQSPEVDUJWBT&OUSNJOPTHFOFSBMFTVOBCBTFEFEBUPTTPCSFMBT
BTPDJBDJPOFTNJDPSS[JDBTSFMBDJPOBOEPMBTFTQFDJFTBMPTSCPMFTBOGJUSJPOFTBZVEBSBB
MPTQMBOJGJDBEPSFTZBMPTSFTQPOTBCMFTEFMBHFTUJOGPSFTUBM-BTCBTFTEFEBUPTQPESBO
OFDFTJUBSJOEJDBSEFRVGPSNBTFIBFTUBCMFDJEPFTUBBTPDJBDJO-BTSFMBDJPOFTGTJDBT
FOUSFMPTNBDSPNJDFUPTZMPTSCPMFTGVFSPOSFMBUJWBNFOUFGDJMFTEFUSB[BSEVSBOUFVO
CSFWFFKFSDJDJPFO.BMBXJ *MVTUSBDJO
ZMPTUSBCBKPTQVCMJDBEPTZBIBODPOGJSNBEP
FTUBTBTPDJBDJPOFT*ODMVTPBGJSNBDJPOFTUBMFTDPNPiDSFDBFOBTPDJBDJODPOuQPESBO
BZVEBSFOFMJOUFOUPEFJEFOUJGJDBSMBTSFBTEPOEFQVFEFODSFDFSMPT)4$
&MBMNBDFOBNJFOUP
-PT)4$BNFOVEPUJFOFOVOCSFWFQFSPEPEFWJEBEVSBOUFFMDVBMQVFEFOTFSDPOTVNJEPT
%FTQVT EF FTUF UJFNQP TF QVESFO P NBSDIJUBO 1VFEFO TFS DPOTFSWBEPT FO VOB HSBO
WBSJFEBEEFGPSNBTQBSBTVVTPQPTUFSJPS"MHVOBTFTQFDJFTTPOTFDBEBTJONFEJBUBNFOUF
Z QPS FKFNQMP FM TBCPS EF MPT #PMFUVT FEVMJT NFKPSB DPO FTUF QSPDFTP *MVTUSBDJO

-PT SFCP[VFMPT UJFOFO VO QFSPEP EF WJEB NBZPS RVF NVDIBT PUSBT FTQFDJFT TJMWFTUSFT
DPNFTUJCMFT MPRVFGPSUBMFDFTVDPNFSDJBCJMJEBE-BTUSVGBTUBNCJOTFQVFEFOBMNBDFOBS
NVZCJFO QFSPNVDIPTPUSPTIPOHPTDPNFTUJCMFTTPOBMUBNFOUFQFSFDFEFSPT&O$IJOB
MPTIPOHPTDPNFTUJCMFTTPODPNONFOUFQSFTFSWBEPTFOTBMNVFSBZWFOEJEPTFODBKJMMBT
*MVTUSBDJO
5BNCJOTPOJNQPSUBEPTEFFTUBGPSNBB*UBMJB
-BT UFDOPMPHBT QBSB MB DPOTFSWBDJO EF MPT )4$ TPO TFODJMMBT QFSP QVFEFO
SFRVFSJS JOWFSTJPOFT EF DBQJUBM &M TFDBEP EF MPT IPOHPT FT NT BQSPQJBEP QBSB MPT
VTPTEFTVCTJTUFODJBZQBSBMPTNUPEPTTFODJMMPTVTBEPTFO.BMBXJ BMNBDFOBEPTFO
DPOUFOFEPSFTOBUVSBMFTIFDIPTDPOIPKBTTFDBTEF6BQBDBLJSLJBOB VOSCPMBVUDUPOP

ZRVFUJFOFOBQMJDBDJPOFTNTBNQMJBT *MVTUSBDJO

-B DPOTFSWBDJO FO TBMNVFSB EF MPT )4$ UJFOF UBNCJO BNQMJBT BQMJDBDJPOFT F
JODSFNFOUBTVTUBODJBMNFOUFTVVTPZWBMPSFO$IJOB&MYJUPEFFTUFFOGPRVFEFQFOEF
EF MB EJTQPTJDJO EF FRVJQPT Z EF NBUFSJBT QSJNBT QBSB EFTBSSPMMBS FM QSPDFTP EF
QSFTFSWBDJO QFSP FT JNQPSUBOUF EFUFSNJOBS QSJNFSP TJ MPT IPOHPT DPNFTUJCMFT FO
TBMNVFSB TPO BDFQUBCMFT QBSB FM NFSDBEP BM RVF TF WB B EJSJHJS /P IBZ FYQFSJFODJB
EF FTUF NUPEP FO GSJDB FO MBT DPNVOJEBEFT SVSBMFT QPS FKFNQMP Z TF OFDFTJUBO
JOWFTUJHBDJPOFT EF NFSDBEP BOUFT EF UPNBS FO DVFOUB MB DPOTFSWBDJO FO TBMNVFSB B
NBZPSFTDBMB
"VORVFBMHVOPTIPOHPTTPOTFDBEPTFOFMTVSEFGSJDB *MVTUSBDJO
IBZFTQBDJP
QBSBMBFYQBOTJOEFFTUFFOGPRVF4JMPTNUPEPTBEFDVBEPTEFTFDBEPOPTPOVTBEPT
UPEBWB QPESBO TFS BEPQUBEPT PUSPT NUPEPT EF PUSBT SFBT EF MB BHSJDVMUVSB QFK
FM TFDBEP EF TFNJMMBT
&T JNQPSUBOUF FO UPEPT FTUPT FTGVFS[PT QBSB JODSFNFOUBS FM
TVNJOJTUSP EF )4$ RVF QSJNFSP TF DPODFOUSFO FO SFHJPOFT EPOEF ZB TPO QPQVMBSFT
Z TFHVOEP RVFDVBMRVJFSOVFWPNUPEPEFBMNBDFOBNJFOUPTFEFTBSSPMMFFODPOKVOUP
DPOMBTDPNVOJEBEFTMPDBMFT

$6"%30
&YJHFODJBTEFJOGPSNBDJOZBSHVNFOUPTSFMBUJWPTBMVTPTPTUFOJCMFEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
"3(6.&/504
3&$0-&$$*/$0.&3$*"-
6401&340/"-7&/5"4-0$"-&4
&TQFDJFTDVMFTTPO
SFDPMFDUBEBT
&MJOUFSWBMPFTQFRVFPZCJFO
EFGJOJEP-PTDPNQSBEPSFTQPESBO
OFDFTJUBSDPOGJSNBDJOEFMBTFTQFDJFT
FYJTUFONVDIBTNTFTQFDJFTUSPQJDBMFT
RVFFVSPQFBTEF$BOUIBSFMMVT-PT
#PMFUVTFEVMJTDIJOPTUJFOFOVOTBCPS
NVZEJGFSFOUFEFMPTFVSPQFPT
&MJOUFSWBMPEFFTQFDJFTFTNVDIPNBZPSBVORVFOP
UPEBTTPOEFJHVBMJNQPSUBODJB-PTOPNCSFTMPDBMFT
QVFEFOTFSUJMFTTJIBZEJGJDVMUBEFTFOMBEFOPNJOBDJO
EFMBTFTQFDJFT/PUFMBJNQPSUBODJBFOMBBGJSNBDJOEF
RVFMPTIPOHPTDPNFTUJCMFTBDUVBMNFOUFTPODPOTVNJEPT
iBMJNFOUPw

%F,FTFM $PEKJBZ:PSPV #FOJO
)BMMFUBM JOUSPEVDDJOHFOFSBM
3FDPMFDUPSFT
RVJOFTTPO
1VFEFOTFSEFMBMPDBMJEBEPEFGVFSB
)BZDPOGMJDUPTFOMPTHSVQPTRVF
EFQFOEFOEFMWBMPSEFMBTFTQFDJFT
RVFTFFTUOSFDPMFDUBOEP%FCFSB
TFSFTUBCMFDJEBMBJNQPSUBODJBEFMPT
JOHSFTPTFDPONJDPTHBOBEPTQPSMPT
SFDPMFDUPSFT
1SJODJQBMNFOUFQBSBVTPTEFTVCTJTUFODJBZUBNCJO
DPNPQBTBUJFNQPFOFM/PSUF-PTVTPTQBSBMB
TVCTJTUFODJBDBNCJBOBNQMJBNFOUFFOTVTDBSBDUFSTUJDBT
FDPONJDBTZTPDJBMFT MPRVFOFDFTJUBSFTUVEJPT
DVJEBEPTPT
.D-BJO $ISJTUFOTFOZ4IBOOPO 64"-PXPSFZ
#PB .BMBXJ
)SLOFO FUIOJDHSPVQTJO
'JOMBOE
3FDPMFDDJORV
DBOUJEBEZDVM
JNQBDUP
&MBMJDJFOUFEFMPTBMUPTQSFDJPTQVFEF
MMFWBSBMVTPEFNUPEPTEBJOPT
DPOTDJFOUFPJODPOTDJFOUFNFOUF

&YJTUFVOBDBQBDJUBDJOPCMJHBUPSJB
FO&&66ZMPTSFDPMFDUPSFTEFUSVGBT
UJFOFORVFBQSPCBSVOFYBNFOFO
*UBMJBQBSBBERVJSJSVOQFSNJTP
-BTSFDPMFDDJPOFTHFOFSBMNFOUFTFEBOFOQFRVFB
FTDBMBZEFBDVFSEPBMBTMFZFTEFIFDIPFTUBCMFDJEBT
QPSMBDPNVOJEBE4FOFDFTJUBOEBUPTQBSBEFUFSNJOBSFM
WBMPSSFMBUJWPEFMBTSFDPMFDDJPOFTQBSBMBTQPCMBDJPOFT
SVSBMFT&TUFUJQPEFJOGPSNBDJOHFOFSBMNFOUFFT
FTDBTP.BMZJ #FMBSVT
*WBODFWJD :VHPTMBWJB
-FZFTFMVTPEF
QFSNJTPT
"DDFTPRVJOUJFOF
EFSFDIPBSFDPMFDUBS
&OWBSJPTQBTFTTFWFOEFOQFSNJTPT
QFSPQVFEFTFSEJGDJMTVTFHVJNJFOUPZ
DPOUSPM1PESBTFSOFDFTBSJPNPEJGJDBS
MPTFTRVFNBTZSFWJTBSMBTFYQFSJFODJBT
EFPUSPTQBTFT
-BTJORVJFUVEFTTFEBONFOPTTPCSFMBTDBOUJEBEFT
SFDPMFDDJPOBEBTRVFTPCSFMBQSFTFODJBHFOFSBM
EFSFDPMFDUPSFTFOMPTCPTRVFTQSPUFHJEPT EBOEP
JNQPSUBODJBBMPTEBPTBMPTCPTRVFTZFMDSFDJFOUF
SJFTHPEFJODFOEJPTFOBMHVOPTMVHBSFT &&66

1JM[FUBM XJMEFEJCMFGVOHJ 64"
7JMMBSSFBMZ1SF[.PSFOP .YJDP
-BSFDPMFDDJODPNFSDJBMHFOFSBMNFOUF
QSPEVDFVOBJOTQFDDJOEFUBMMBEBEF
RVJFOUJFOFEFSFDIPEFBDDFTPBMPT
TJUJPT-PTCPTRVFTEFHFTUJOFTUBUBMP
NVOJDJQBMTPONTEJGDJMFTEFDPOUSPMBS
DPNQBSBEPTDPOMBTQMBOUBDJPOFT
QSJWBEBT
&MVTPEFCBKBJOUFOTJEBEBTPDJBEPBMBTSFDPMFDDJPOFT
QFSTPOBMFTSBSBNFOUFTFDPNQBSBDPOMBTFYJHFODJBT
HFOFSBMFTTPCSFMBFYUSBDDJOEFMPT1'/.EFMPT
CPTRVFTQSPUFHJEPTZSFBTEFDPOTFSWBDJO
4JOHIZ3BXBU .PSFMTGSPN*OEJB
:FI .BUTVUBLFJO$IJOB
$PNFSDJPRVJO
DPNQSBZWFOEF
)BZVOGVFSUFJNQFSBUJWPFO
MPTTJTUFNBTEFDPNFSDJPQBSB
EFTBSSPMMBSMPTEFGPSNBKVTUBZ
FGFDUJWB4FQJFOTBDPOGSFDVFODJB
RVFMPTJOUFSNFEJBSJPTFYQMPUBO
BMPTSFDPMFDUPSFT QFSPBRVFMMPT
QSPQPSDJPOBODSEJUPT VOBDBEFOB
EFEFQFOEFODJBQBSBMBTWFOUBTZMB
TFHVSJEBEEFRVFFMQSPEVDUPMMFHVFB
MPTNFSDBEPT
-PTNFSDBEPTEFMTVSEFGSJDBTPOQFRVFPTZBPSJMMBT
EFMPTDBNJOPTEFQFOFUSBDJO MPRVFMJNJUBMBDBOUJEBE
WFOEJEB&MDPNFSDJPMPDBMFTBFONFOPSFTDBMBZ
SFMBUJWBNFOUFTFODJMMP
-PXPSFZ#PB .BMBXJ
/BNHZFM #IVUO
3FOEJNJFOUPTZ
QSPEVDUJWJEBE
DBOUJEBEFT
-BBNFOB[BQPUFODJBMRVFTVSHFEF
VOBDVMUJWBDJOJOTPTUFOJCMFQVFEF
TFSEFUFSNJOBEBQPSNFEJPEF
VODPOPDJNJFOUPEFUBMMBEPEFMPT
SFOEJNJFOUPTZEFMBQSPEVDUJWJEBEFO
QFSPEPTEFWBSJPTBPT
&MSFOEJNJFOUPBZVEBBFWBMVBSFMQPUFODJBMEF
DPNFSDJBMJ[BDJOEFMPTNFSDBEPTMPDBMFT7MBEZTIFWTLJZ
-BMFUJOZ7MBEZTIFWTLJZ 'FEFSBDJOEF3VTJB
,VKBMB 'JOMBOEJB
.FSDBEPT
DBOUJEBEFT
DPNFSDJBMJ[BEBT
FYQPSUBDJPOFT
$IJOBUJFOFVONFSDBEPiJOUFSOPwEF
FYQPSUBDJOTVTUBODJBMDPOHSBOEFT
DBOUJEBEFTQSPWFOJFOUFTEFMPTCPTRVFT
BMBTQSJODJQBMFTDJVEBEFT&OPUSPT
MBEPTMBTFYQPSUBDJPOFTWBOIBDJB
&VSPQBZ/PSUFBNSJDB6OBDPOWJDDJO
EFMPTDPTUPTTBMBSJBMFTSFMBUJWPT
EFUFSNJOBOMBTPQPSUVOJEBEFTEF
DPNFSDJBMJ[BDJO
XXXmOUSBDDPNEBUPTTPCSF
FYQPSUBDJPOFTEFWBSJPTQBTFT
-PTTPOEFPTEFNFSDBEPTPONUPEPTUJMFTQBSB
DBMDVMBSMBDBOUJEBESFDPMFDUBEBFOMBMPDBMJEBE"ZVEBO
UBNCJOBEFNPTUSBSFMQPUFODJBMEFFYQBOTJOEFMBT
WFOUBTMPDBMFT
.POUPZB&TRVJWFMFUBM .YJDP#PBFUBM
.BMBXJ
-BSFDPMFDDJOEFFTQFDJFTEFBMUPWBMPS
QVFEFTFSMBQSJODJQBMQSPEVDDJOEF
VOCPTRVFZQPSFTPMPTPCKFUJWPTEF
RVJOFTTPOZMB
HFTUJOEFCFSBOTFSSFEBDUBEPTFO
JNQPSUBODJBSFMBUJWB
DPOTFDVFODJB
EFMBTSFDPMFDDJPOFT
5FEEFS .JUDIFMMZ'BSSBO
EF)4$
$BOBEB
6TVBSJPTEF
CPTRVFT
0SEFOBDJO
EFNPOUFT
JNQPSUBODJBSFMBUJWB
EFMPTCPTRVFT
WTMPT1'/.Z
FTQFDGJDBNFOUFWT
MPT)4$
6OFYBNFOEFUBMMBEPEFMPTPCKFUJWPT
GPSFTUBMFTDPOVOBOMJTJTEFMPT
QSJODJQBMFTQSPEVDUPTZTFSWJDJPTTF
OFDFTJUBFOMBQMBOJGJDBDJOFGFDUJWB
QBSBVTPTNMUJQMFT
%JWFSTJEBE
CJPMHJDBFTUBEPEF
DPOTFSWBDJOEFMPT
)4$ZEFMBTQMBOUBT
-BTFYJHFODJBTEFDPOTFSWBDJOEFCFO
EJSJHJSMBTOFDFTJEBEFTEFUPEPTMPT
VTVBSJPTEFCPTRVFT JODMVZFOEPMB
SFDPMFDDJODPNFSDJBM&TUPDBVTB
JORVJFUVEFTQBSUJDVMBSFTBDBVTB
EFMBTQSEJEBTQFSDJCJEBTZMBT
DBVTBTEFEBPT&TUPTQSPCMFNBT
QVFEFOTFSSFTVFMUPTTPMBNFOUFDPO
EBUPTGJEFEJHOPTZDPOVOBTMJEB
DPNQSFOTJOEFMPRVFMBHFOUFIBDFZ
EFMQPSRVMPIBDF
"MFYBOEFSFUBM 64"

-PTNUPEPTEFFWBMVBDJOSQJEBIBOJODSFNFOUBEP
HSBOEFNFOUFFMDPOPDJNJFOUPTPCSFMPTVTVBSJPTEF
CPTRVFT4FOFDFTJUBOBOMJTJTDVJEBEPTPTEFMPT)4$
-PTJOGPSNFTHFOFSBMFTTPCSFMPTVTVBSJPTEFCPTRVFT
QPESBOOPSFQPSUBSUBMFTQSDUJDBT
$BNQCFMM .JPNCP TPVUIFSO"GSJDB
&MVTPEFCBKBJOUFOTJEBEQSFTFOUBQPDBTBNFOB[BT
JONFEJBUBTQBSBMPTCPTRVFTEFQSPEVDDJOBVORVF
OPTQSPQPSDJPOVODPOPDJNJFOUPNTBNQMJPTPCSFMB
SFDPMFDDJOEFMPT)4$QVFEFBMUFSBSFTUBQFSDFQDJO
-VOE 1BKBSJZ,PSIPOFO #PSFBMBOEDPME
UFNQFSBUFGPSFTUT
6OBQSFPDVQBDJOQSJODJQBMFOMPTQBTFTUSPQJDBMFTFT
MBFTDBTBEFTDSJQDJOEFMBNJDPUB-PTFTUVEJPTFTUO
BDUVBMNFOUFEJGJDVMUBEPTQPSMBGBMUBEFUBYPOPNJTUBT
FOUSFOBEPTBEFDVBEBNFOUF-BDPNQSFOTJOEFMBT
BTPDJBDJPOFTFDUPNJDPSS[JDBTQPESBBZVEBSBJEFOUJGJDBS
MBQSPEVDDJOEF)4$ DPNPTVDFEFDPOMBTFTQFDJFT
5VCFSFO&VSPQB
5JCJMFUUJZ;BNCPOFMMJ *UBMJB
1FSJOJ &VSPQB
03%&/"$*/&'&$5*7"
&MQSJODJQBMPCKFUJWPEFMBPSEFOBDJOEFMPT)4$FTBTFHVSBSMBQSPEVDDJOTPTUFOJCMF
&TUP TF MPHSB FYBNJOBOEP TV CJPMPHB FDPMPHB Z NPEFMPT EF VTP FO SFMBDJO DPO
PUSPTVTPTEFMPTCPTRVFTZDPOFMHSVQPEFQFSTPOBTJOWPMVDSBEBT $BQUVMP
&OFM
$VBESPTFEFTDSJCFOMPTUFNBTQSJODJQBMFTRVFOFDFTJUBOTFSBCPSEBEPT&M$VBESP
PGSFDFVOFOGPRVFFTUSVDUVSBEPEFVOBQSPEVDDJOTPTUFOJCMFEFMPT)4$ZEFMPT
CPTRVFT
-B DMBWF EFM YJUP FT UFOFS VO DPOPDJNJFOUP TMJEP EF MP RVF MB HFOUF IBDF FO MPT
CPTRVFTZEFMQPSRVMPIBDFZMMFWBSBDBCPVOBFWBMVBDJOEFMBJNQPSUBODJBSFMBUJWB
EF MB QSJPSJEBE EF CFOFGJDJPT PCUFOJEPT QSPEVDUPT Z TFSWJDJPT
Z EF MBT BDUJWJEBEFT
SFMBDJPOBEBT "M QMBOJGJDBS QSPZFDUPT P JOJDJBUJWBT FTQFDGJDBNFOUF TPCSF MPT )4$
MPTPCKFUJWPTEFMBHFTUJOGPSFTUBMOFDFTJUBOTFSDMBSBNFOUFEFGJOJEPTMPTCPTRVFTEF
QSPEVDDJOTPOBENJOJTUSBEPTQBSBEJGFSFOUFTQSPQTJUPTDPNQBSBEPTDPOMPTCPTRVFT
QSPUFHJEPT
4JO FNCBSHP FM QVOUP EF JOJDJP QBSB DVBMRVJFS QSPHSBNB EF PSEFOBDJO TPO MPT
NJTNPT)4$4FOFDFTJUBOEBUPTGJEFEJHOPTTPCSFTVSFOEJNJFOUPZTVQSPEVDUJWJEBE
$POTFKPTSFDJFOUFTTPCSFMPTNUPEPTEFJOWFOUBSJPEFMPT1'/.SFWFMBODPNPQPESB
TFSPCUFOJEBFTUBJOGPSNBDJO '"0 B
4FOFDFTJUBOMBTMJTUBTEFMBTFTQFDJFTKVOUP
DPOMBJOGPSNBDJOTPCSFTVJNQPSUBODJBSFMBUJWBQBSBMBDPNVOJEBEMPDBM
&M VTP TPTUFOJCMF EF MPT )4$ EFQFOEF EF MB SFEVDDJO BM NOJNP EFM JNQBDUP EF
MPTQSPDFEJNJFOUPTEFSFDPMFDDJOTPCSFMPTSFDVSTPTNJDUJDPTZTPCSFFMCPTRVF"M
NJTNPUJFNQPEFCFSBTFSSFVOJEBMBJOGPSNBDJOTPCSFPUSPTVTPT"MHVOPTVTPTEFVO
CPTRVFQPESBOTFSJODPNQBUJCMFTZFTOFDFTBSJPSFBMJ[BSBKVTUFTBTVHFTUJO
&MFRVJMJCSJPEFMBTOFDFTJEBEFTEFMPTVTVBSJPTEFCPTRVFTFOMPTQBTFTFOEFTBSSPMMP
FTBNFOVEPDPNQMJDBEPQPSRVFMBTQSFTJPOFTFOMPTSFDVSTPTGPSFTUBMFTTPOHSBOEFTZ
MPTVTVBSJPTUJFOFOVOBWP[ECJMFOMBEFDJTJOEFMPTPCKFUJWPTEFHFTUJO-PTHSVQPT
EF VTVBSJPT EFCFO TFS DBQBDFT EF FYQSFTBS TVT OFDFTJEBEFT Z EFCFO TFOUJS RVF TVT
PQJOJPOFTIBOTJEPUPNBEBTFODPOTJEFSBDJO
$0.&3$*"-*;"$*/:$6-5*7"$*/
-BDPNFSDJBMJ[BDJO
"WFDFTIBZFYQFDUBUJWBTQPDPSFBMJTUBTTPCSFFMEJOFSPRVFTFQVFEFHBOBSBUSBWTEF
MBFYQPSUBDJOEFMPT)4$.VDIPEFQFOEFEFMDPTUPEFMBNBOPEFPCSBZEFMBDDFTP

BMPTNFSDBEPT-BTFYQPSUBDJPOFTEF/PSUFBNSJDBIBOTVGSJEPQPSRVFMBSFDPMFDDJO
EF )4$ FT NT CBSBUB FO &VSPQB EFM FTUF Z MPT DPTUPT EF USBOTQPSUF TPO NFOPSFT
&M SJUNP EF MBT UFNQPSBEBT GSVDUGFSBT BGFDUBS MPT QSFDJPT RVF TF QVFEFO PCUFOFS
$VBOEP MBT UFNQPSBEBT EF QSPEVDDJO TF TVQFSQPOFO FO EJGFSFOUFT QBTFT MB PGFSUB
EF MBT FTQFDJFT DPNFTUJCMFT DPNVOFT QFK SFCP[VFMPT
JODSFNFOUBS Z MPT QSFDJPT TF
SFEVDJSO"OVBMNFOUFTFEBOGMVDUVBDJPOFTFOMBQSPEVDDJO EJGDJMFTEFQSFEFDJS Z
MBTPTDJMBDJPOFTEFMQSFDJPQBHBEPQPSMBTFTQFDJFTDSFBOJODFSUJEVNCSFZVONFSDBEP
QPUFODJBMNFOUFJOFTUBCMF
&TUP OP TJHOJGJDB RVF MPT DPNFSDJPT EF FYQPSUBDJO OP QVFEBO TFS TPTUFOJEPT DPO
YJUP TJOP RVF TF OFDFTJUB VOB QMBOJGJDBDJO DVJEBEPTB MB IBCJMJEBE EF SFTJTUJS B FTUF
SFGMVKPEFMNFSDBEPZMBFOUSFHBBUJFNQPEFVOQSPEVDUPEFCVFOBDVBMJEBE1PSFTUP
MBT JOJDJBUJWBT FO QSP EF MB FYQBOTJO EF MPT NFSDBEPT MPDBMFT TPO MB NFKPS GPSNB EF
DPNFSDJBMJ[BDJOEFMPT)4$4FOFDFTJUBSQPOFSBUFODJOBMPTEFUBMMFT MMFWBOEPFM
QSPEVDUPBMNFSDBEPEFGPSNBSQJEB
QFSPMPTSFUPTQPUFODJBMFTTFSONFOPSFTZNT
NBOFKBCMFT MPRVFJODSFNFOUBSMBTQPTJCJMJEBEFTEFTVDFTP
6OBDMBSBFWJEFODJBEFFTUBTJUVBDJOTPOMPTNFSDBEPTMPDBMFTEF4VEGSJDBZEF.YJDP
RVF IBO EFTBSSPMMBEP JOJDJBUJWBT MPDBMFT B NFOVEP DPO QPDB P OJOHVOB BTJTUFODJB QPS
QBSUFEFMPTHPCJFSOPTPEFMPTQSPZFDUPTEFEFTBSSPMMP&MQBQFMEFMPTJOWFTUJHBEPSFTZ
EFMBT0/(FOFTUBTDJSDVOTUBODJBTFTFMEFDPOTPMJEBSMPTTJTUFNBTEFDPNFSDJPFYJTUFOUFT
FJEFOUJGJDBSEOEF DPOMBNFOPSDBOUJEBEEFDBNCJPTQPTJCMFT TFQVFEFMMFHBSBNBZPSFT
NFKPSBT&MFKFNQMPTJHVJFOUFJMVTUSBFMQPUFODJBMEFFTUFTFODJMMPFOGPRVF
&O MB SFHJO EF .[JNCB BM OPSUF EF .BMBXJ MBT NVKFSFT SFDPSSFO HSBOEFT
EJTUBODJBT QBSB MMFHBS IBTUB MPT DPNFSDJBOUFT RVF DPNQSBO DPO FOUVTJBTNP DVBOEP
TF MFT QSFTFOUB MB PQPSUVOJEBE -B GVFSUF EFNBOEB MPDBM EF )4$ HBSBOUJ[B CVFOPT
QSFDJPTEFNFSDBEPTJTMPVOONFSPSFEVDJEPEFSFDPMFDUPSFTWFOEFTVTQSPEVDUPT
EJSFDUBNFOUF(FOFSBMNFOUFMPTWFOEFOBMPTDPNFSDJBOUFTRVJFOFTMVFHPMPTSFWFOEFO
FOMPTNFSDBEPTBMEPCMFEFMQSFDJPQBHBEP)PZFOEBTFFTUOQPOJFOEPFONBSDIB
FTGVFS[PTQBSBBMFOUBSNTSFDPMFDUPSFTBWFOEFSEJSFDUBNFOUFZBFTUBCMFDFSQVOUPTEF
DPNFSDJBMJ[BDJO DFSDB EF TVT DBTBT JODSFNFOUBOEP EF FTUB GPSNB MBT DBOUJEBEFT RVF
QVFEFOTVNJOJTUSBSBMPTNFSDBEPTMPDBMFT -PXPSF .VOUIBMJZ#PB

-BDVMUJWBDJO
)BZQPTJCJMJEBEFTEFFYQBOTJOEFMBDVMUJWBDJOEFIPOHPTDPNFTUJCMFT-PTNUPEPT
FOFTDBMBTNTBNQMJBTTPOJOBQSPQJBEPTQBSBMBTDPNVOJEBEFTMPDBMFTRVFQJFSEFOFM
EJOFSPBMFTUBCMFDFSUBMFTOFHPDJPT-PTFOGPRVFTFOQFRVFBFTDBMB iIVFSUPTDBTFSPTu

EFTDSJUPT FO 4UBNFUT
TPO BNQMJBNFOUF VTBEPT FO UPEB $IJOB TUPT UJFOFO VO
NBZPSQPUFODJBMQBSBMBTQPCMBDJPOFTSVSBMFTRVFSFDPMFDUBOMPTIPOHPTEFMBDTDBSBEF
BSSP[DPNPQBSUFEFTJTUFNBTJOUFHSBEPTEFFYQMPUBDJOFO7JFU/BN QPSFKFNQMP
&-'65630%&-04)0/(04$0.&45*#-&4
&MDSFDJFOUFJOUFSTZMBJNQPSUBODJBEFMPT1'/.IBOBZVEBEPBFOBMUFDFSFMQFSGJMEF
MPT)4$FOUPEPFMNVOEP6OBSFDPMFDDJODPNFSDJBMCJFOQVCMJDJUBEBFO/PSUFBNSJDB
EFTEFMPTBPTOPWFOUBZMBFYQBOTJOEFJOGPSNFTEFTEF&VSPQBEFMFTUFZ$IJOBIBO
JODSFNFOUBEP MB DPODJFODJB TPCSF MPT )4$ Z IPZ FYJTUF VO DPNFSDJP TVTUBODJBM Z
TJHOJGJDBOUFEFTEFMPTQBTFTFOEFTBSSPMMPIBDJBFM/PSUF6OJOUFSTDSFDJFOUFFOMPT
IPOHPT NFEJDJOBMFT IB BUSBEP JOUFSFTFT DPNFSDJBMFT BVORVF TJFNQSF IB IBCJEP VOB
GVFSUFEFNBOEBFO"TJBEF(BOPEFSNBZEFPUSBTFTQFDJFTJNQPSUBOUFT
-BFYQBOTJOEFMBSFDPMFDDJODPNFSDJBMZEFMDPNFSDJPJOUFSOBDJPOBMIBMMFWBEP
B VO BNQMJP JOUFST QPS MB TPCSFQSPEVDDJO Z QPS FM EBP DBVTBEP B MPT SFDVSTPT
NJDPMHJDPT Z B MPT CPTRVFT &YJTUF FM QFMJHSP EF SFTUSJOHJS MB SFDPMFDDJO DPNFSDJBM
TJOFYBNJOBSMPTEBUPTEJTQPOJCMFTPTJOJEFOUJGJDBSMBOFDFTJEBEEFSFDPHFSEBUPTQBSB
SFTQPOEFS B QSFHVOUBT JNQPSUBOUFT TPCSF FM JNQBDUP Z MB TPTUFOJCJMJEBE 6O JOUFOUP
SFDJFOUF EF SFTUSJDDJO EF MBT SFDPMFDDJPOFT EF NBUTVUBLFT FO &TUBEPT 6OJEPT GVF
3&$6"%30
-BDBMJEBEEFMQSPEVDUPZTVJNQPSUBODJBQBSBFMDPNFSDJP
-PT WFOEFEPSFT BNCVMBOUFT EF )4$ FO .BMBXJ TBCFO RVF MPT DPNQSBEPSFT QBHBSO NT QPS MBT
FTQFDJFTGSFTDBTZQSFTFOUBEBTFOGPSNBBUSBDUJWB-JNQJBODPODVJEBEPMPTDBSQGPSPTZTFMFDDJPOBO
MPTNFKPSFTQBSBQPOFSMPTFODJNBEFMPTNPOUPOFTEFIPOHPTEFTVTQVFTUPTEFWFOUB QFSPFOHFOFSBM
EFEJDBOQPDPUJFNQPBFTUBTBDDJPOFT-BTEJGFSFODJBTQPSMPRVFBMEJOFSPDPODJFSOFTPOQFRVFBT-P
NTJNQPSUBOUFFTSFVOJSMPT)4$MPNTQSPOUPQPTJCMFEFTEFMPTCPTRVFTIBTUBFTUBTWFOUBT
"M TVCJS FM WBMPS EF MBT FTQFDJFT UBNCJO TVCF FM QSFDJP RVF MPT SFDPMFDUPSFT Z MPT DPNFSDJBOUFT
FTQFSBO-BTEJGFSFODJBTEFDBMJEBEFOUSFMPTNBUTVUBLFTRVFMMFHBOB+BQOEFTEF$IJOBZMB3FQCMJDB
EF $PSFB FT JONFEJBUBNFOUF FWJEFOUF QBSB DVBMRVJFSB RVF DPNQBSF MBT DBKBT -PT FTQFDNFOFT EF MB
3FQCMJDBEF$PSFBFTUONFOPTEBBEPT TPOBDPNPEBEPTDPODVJEBEPZTPOEFQSJNFSBDBMJEBE MP
RVFTBUJTGBDFMBTFYJHFODJBTEFMPTDPNQSBEPSFTKBQPOFTFTRVFFTUBSOEJTQVFTUPTBQBHBSMPTNFKPSFT
QSFDJPT
&MUSBOTQPSUFEFMPTFTQFDNFOFTGSFTDPTIBTUBMPTNFSDBEPTFTVOSFUPDPOTJEFSBCMF-BBQBSJFODJB
GTJDB EF MPT DBSQGPSPT PCWJBNFOUF FT JNQPSUBOUF Z TF UJFOF RVF PCTFSWBS MBT QSFGFSFODJBT EF MPT
DPNQSBEPSFT"MHVOBTFTQFDJFTQJFSEFOFMDPMPSTJTFMFTEBBFMTPNCSFSPPMPTGJMBNFOUPTZUJFOFORVF
TFSNBOFKBEBTDPODVJEBEP-PTDPNQSBEPSFTUJFOFORVFFTUBSTFHVSPTRVFMPTDBSQGPSPTOPIBZBO
TJEPDPOUBNJOBEPTQPSMPTJOTFDUPT BMHVOPTSFDPMFDUPSFTMPTFTDPOEFOFOFMGPOEPEFMPTDPOUFOFEPSFT
QFSPUBMUSVDPSBSBTWFDFTQBTBEFTBQFSDJCJEPQPSNVDIPUJFNQP
%FQFOEJFOEPEFMTVFMPEPOEFDSFDFO
MPTIPOHPT QPESBTFSOFDFTBSJPVOBMJNQJF[BQSFMJNJOBSEFMPTTPNCSFSPTPGJMBNFOUPTZQVFEFOTFS
OFDFTBSJPTFTQBDJPTQBSBSFNPWFSFTUBTQBSUDVMBT-PT4QBSBTTJTDSJTQBZEFNTFTQFDJFTDPOTPNCSFSPT
FOGPSNBEFQBOBMBDVNVMBOGDJMNFOUFQPMWP EJGDJMEFFMJNJOBS
-BSFDPMFDDJOEFMPTDBSQGPSPTFOTVFTUBEJPDPSSFDUPEFEFTBSSPMMPFTJNQPSUBOUF"MNBEVSBS
BMHVOBTFTQFDJFTTFWVFMWFOMFPTBTZNFOPTBQFUFDJCMFTRVFPUSBT UBMFTDPNPMPT$PSQJOVTDPNBUVT
RVF TF EFTIBDFO P QVESFO DPO GBDJMJEBE -B DPOTFDVFODJB TFODJMMB QBSB MPT SFDPMFDUPSFT FT RVF MPT
FTQFDNFOFTJOGFSJPSFTTPONFOPTBQFUFDJEPTZDVFTUBONFOPT%FKBOEPBVOMBEPFTUBQSPQPTJDJO MPT
#PMFUVTFEVMJTUJFOFOEJGFSFOUFTDBSBDUFSTUJDBTFOTVTBCPS EFQFOEJFOEPEFTVMVHBSEFQSPWFOJFODJB
-PTDPNQSBEPSFTFYQFSUPTEF*UBMJBQVFEFOJEFOUJGJDBSFMQBTEFPSJHFOEFFTUPTIPOHPTQPSNFEJPEFM
PMPSEFMPTDBSQGPSPTTFDBEPT&TUPEFUFSNJOB BTVWF[ FMQSFDJPRVFMPTDPNQSBEPSFTQBHBOQPSVO
NFSDBEPQBSUJDVMBS
-BEJGFSFODJBNTFTQFDUBDVMBSFOMPTSFTVMUBEPTFDPONJDPTCBTBEPTFOMBDVBMJEBEEFMQSPEVDUP
TFNVFTUSBOFOMBTDBOUJEBEFTSBEJDBMNFOUFEJGFSFOUFTEFEJOFSPRVFTFHBOBFOMB3FQCMJDB1PQVMBS
%FNPDSUJDBEF$PSFBZFOMB3FQCMJDBEF$PSFBSFTQFDUJWBNFOUFDPOMBTFYQPSUBDJPOFTEFNBUTVUBLFT
"QFTBSEFFYQPSUBSTPMBNFOUFUPOFMBEBTFOVOQFSPEPEFDJODPBPT FODPNQBSBDJODPOMB
EFMB3FQCMJDB1PQVMBS%FNPDSUJDBEF$PSFB MB3FQCMJDBEF$PSFB HBODBTJFMQPSDJFOUPNT
$VBESPTZ

'VFOUFT -PXPSF Z #PB
PCTFSWBDJPOFT EFM BVUPS Z ;BNCPOFMMJ DPNVOJDBDJO QFSTPOBM 5SVGGMFT BOE
DPMMFDUJOHQPSDJOJJO*UBMZ

SFDIB[BEPCBTOEPTFFOVOBOMJTJTNTEFUBMMBEPEFFTUPTSFDVSTPTZEFTVTNPEFMPT
EFVTPBDUVBMFT .VTISPPN UIF+PVSOBMPG8JME.VTISPPNJOH

-BTJORVJFUVEFTTPCSFMPTVTPTQBSBMBTVCTJTUFODJBFOMPTQBTFTFOEFTBSSPMMPTVSHFO
QSFQPOEFSBOUFNFOUFTPCSFFMVTPTPTUFOJCMFEFMPTSFDVSTPTOBUVSBMFT-BDMBWFQBSBFM
EFTBSSPMMPEFMPT)4$DPNPBMJNFOUPMPDBMPGVFOUFEFJOHSFTPTFTFMFYBNFOEFMPT
EJGFSFOUFTBTQFDUPTEFTVVTPZEFTVSFDPMFDDJOZBQSFOEFSNTBDFSDBEFMBTQSDUJDBT
MPDBMFTZTPCSFMBTOFDFTJEBEFTEFMBDPNVOJEBE
)B IBCJEP NVDIP FOUVTJBTNP TPCSF FM EFTBSSPMMP CBTBEP FO MPT 1'/.
QBSUJDVMBSNFOUF FO MPT CPTRVFT QSPUFHJEPT 4F OFDFTJUB QSFDBVDJO BM FWBMVBS MPT
CFOFGJDJPT QPUFODJBMFT EF FTUB FTUSBUFHJB FO MB DVBM USFT DSFFODJBT DPNVOFT OFDFTJUBO
VOBJOWFTUJHBDJONTEFUBMMBEB #FMDIFS


-PT1'/.DPOUSJCVZFONTRVFMPTQSPEVDUPTNBEFSBCMFTFOMPTTJTUFNBTEF
WJEBZEFTBSSPMMPZFOFMCJFOFTUBSEFMBTQPCMBDJPOFTRVFWJWFOFOPDFSDBEFMPT
CPTRVFT QBSUJDVMBSNFOUFFOUJFNQPTEFFTDBTF[
4VFYQMPUBDJOQSPEVDFNFOPTEBPDPNQBSBEBDPOMBFYQMPUBDJOGPSFTUBMZFT
VOBCBTFTMJEBQBSBVOBHFTUJOGPSFTUBMTPTUFOJCMF
&MBVNFOUPEFMBSFDPMFDDJODPNFSDJBMBHSFHBWBMPSBMPTCPTRVFT USPQJDBMFT

QPS MP UBOUP JODSFNFOUB FM JODFOUJWP B NBOUFOFSMPT FO WF[ EF DPOWFSUJSMPT FO
PUSPTVTPTEFMTVFMP
)BZVOBFWJEFODJBNTRVFFTQFSBEBQBSBBQPZBSMPTQSJNFSPTEPTQVOUPTQBSBMPT
)4$NJFOUSBTTFPCTFSWBMBOFDFTJEBEEFVOBJOGPSNBDJONBZPSZNTBNQMJB&TU
NFOPT DMBSP RVF MBT SFDPMFDDJPOFT DPNFSDJBMFT BZVEFO B QSPUFHFS MPT CPTRVFT -BT
BTPDJBDJPOFT NJDPSS[JDBT EF MPT )4$ QSJODJQBMFT TJO FNCBSHP FOGBUJ[BO FTUF OJDP
QBQFMRVFUJFOFOFOFMNBOUFOJNJFOUPEFMBTBMVEEFMBTFTQFDJFTBSCSFBT
&MDMDVMPEFMDPNFSDJPNVOEJBMEF)4$ FDUPNJDPSS[JDPT
FTEFBQSPYJNBEBNFOUF
NJMNJMMPOFTEFEMBSFT&&66 )BMMFUBM
4VWFSEBEFSPWBMPS TJOFNCBSHP
JODMVZFFMWBMPSRVFTUPTUJFOFOQBSBNJMMPOFTEFQFSTPOBTEFMBTQPCMBDJPOFTSVSBMFTEF
UPEPFMNVOEPRVFTFCFOFGJDJBOEFTVDPOTVNP BMJNFOUPRVF EFOPTFSBT FTUBSBO
PCMJHBEPTBDPNQSBSPBOPDPOTVNJS
ZEFMPTCFOFGJDJPTFDPONJDPTHFOFSBEPTQPS
TVSFDPMFDDJO
&YJTUFOSB[POFTQFSTVBTJWBTRVFOPTEBOMBFTQFSBO[BEFVOGVUVSPNFKPSQBSBMPT
)4$ NBOUJFOFO MB TBMVE EF MPT CPTRVFT TPO VOB GVFOUF WBMJPTB EF OVUSJDJO Z EF
CFOFGJDJPTFDPONJDPT-BTOVFWBTJOJDJBUJWBTEFCFSBODPODFOUSBSTFFOFMBVNFOUPEFM
VTPZJOHSFTBTFOBRVFMMBTSFBTRVFZBUJFOFOVOBGVFSUFUSBEJDJOEFVTPZDPOTVNP
EF)4$-BTPQPSUVOJEBEFTEFFYQPSUBDJOFYJTUFOUBNCJO QFSPTPOTVCTUBODJBMNFOUF
NTBSSJFTHBEBT
%VSBOUF MB QSFQBSBDJO EF FTUF MJCSP TPCSF MPT )4$ Z MPT )46 MB JOGPSNBDJO
GVF QSPDFTBEB FO VOB CBTF EF EBUPT TFODJMMB %BUPT RVF IBO TJEP QVFTUPT BM EB Z
NPEJGJDBEPTDPOMBBZVEBEFM4S1BVM,JSLEF$"#*#JPTDJFODFZTPOEJTQPOJCMFTFO
MOFB FO MB EJSFDDJO XXXXJMEVTFGVMGVOHJPSH JOGPSNBDJO SFTVNJEB EF VOBT
FTQFDJFTZFOMPTSFHJTUSPTPSJHJOBMFTEFNTEFSFGFSFODJBTZMJTUBTQVCMJDBEBTFO
UPEPFMNVOEP1PSNFEJPEFFTUFOVFWPTJUJPXFCTFQVFEFODPOUSPMBSGDJMNFOUFMPT
OPNCSFTDJFOUGJDPTZQSFGFSJEPTEFMBTFTQFDJFTEF)4$

*-6453"$*/
-04)0/(04$0.&45*#-&4:.&%*$*/"-&4&/"4*"
5PEBTMBTGPUPTTPOEF&SJD#PB FYDFQUPMBTEFMPT$PSEZDFQTTJOFOTJT EF8BSSFO1SJFTU

1SFTFOUBDJOEFM1IBMMVTJNQVEJDVT 1IBMMVTJNQVEJDVTTFDPT
)POHPTDPMNFOJMMBTFDPT DPNQSB
EPTFO#MHJDB
"SSJCB
)ZEOVNSFQBOEVN
GSFTDPT J[RVJFSEBPCTFSWFMBTFTQJOBT
TJOGJMBNFOUPT
F)ZQTJ[ZHVTUFTTVMBUVT
EFWFOUBFOVOTVQFSNFSDBEPEFM3FJOP
6OJEP
*[R
$BOUIBSFMMVTDJCBSJVTTFDPTEF
WFOUBFO)VOHSB
%FS
(BOPEFSNBTFDP WFOEJEP
QBSBVTPNFEJDJOBM4JOHBQVS
1VCMJDJEBEEFMDIPOHDBP $PSEZDFQTTJOFOTJT
MBT
iSBNJUBTuOBSBOKBTBMBJ[RVJFSEB FO9JOJOH $IJOB
-JNQJBOEPMPTDIPOHDBPTFO,BOHEJOH $IJOB EVSBOUF

MBQSFQBSBDJOQBSBMBWFOUB

'VFOUFTEFBTFTPSBNJFOUPF
JOGPSNBDJO
1&3*$*".*$0-(*$"
6OB EF MBT SFBT NT DPNVOFT EPOEF TF OFDFTJUB QFSJDJB UDOJDB FT MB JEFOUJGJDBDJO
EF MPT FTQFDNFOFT Z MB BTJHOBDJO EFM OPNCSF DJFOUGJDP )BZ NJDMPHPT FO UPEPT
MPT QBTFT QSJODJQBMFT EFTBSSPMMBEPT P FO EFTBSSPMMP BVORVF TV FYQFSJFODJB DPO MPT
NBDSPNJDFUPTQVFEFSFEVDJSTFBHSVQPTQBSUJDVMBSFT.VDIPTNJDMPHPTUSBCBKBODPO
MPTNJDSPNJDFUPTZFOPUSBTSFBTEFBQMJDBDJOUBMFTDPNPMBQBUPMPHBEFMBTQMBOUBT
1BSFDFRVFMPTFYQFSUPTEFIPOHPTDPNFTUJCMFTUFOBONBZPSFTDPOPDJNJFOUPTTPCSF
MBTFTQFDJFTDVMUJWBEBT-PT)4$OPIBOTJEPFMDFOUSPEFJOWFTUJHBDJPOFTDPODFSUBEBT
IBTUBMPTMUJNPTEJF[PWFJOUFBPTZMBQFSJDJBQSPGFTJPOBMFTUTVKFUBBMPTDBQSJDIPTEF
MPTGPOEPTBCSFWFUSNJOP QBSUJDVMBSNFOUFDVBOEPTPOQBSBFMFTUVEJPEFMPTVTPTQBSB
MBTVCTJTUFODJB-PTJOWFTUJHBEPSFTQSJWBEPTNBOUJFOFOVOFTUSFDIPJOUFSTQSPGFTJPOBM
FOMPT)4$ BVORVFTFBEFGPSNBHFOFSBMZOPFTQFDJBMJ[BEBFOMBJEFOUJGJDBDJOEFMBT
FTQFDJFT
&YJTUFO TJOFNCBSHP WBSJPTHSVQPTEFQSPGFTJPOBMFTDPOVOJOUFSTDPNQBSUJEPFO
MPT )4$ TPCSF CBTFT SFHVMBSFT -PT NJFNCSPT EF FTUPT HSVQPT FTUO FTQBSDJEPT QPS
UPEP FM NVOEP &M FKFNQMP NT DPOPDJEP FT FM &EJCMF &DUPNZDPSSIJ[BM (SPVQ RVF
QVFEFTFSDPOUBDUBEPBUSBWTEFMTJUJPXFCMJTUBEPFOFM$VBESP
)BZ VO CVFO ONFSP EF JOTUJUVDJPOFT FO &VSPQB Z /PSUFBNSJDB RVF UJFOFO VO
BMDBODF JOUFSOBDJPOBM Z RVF IFNPT MJTUBEP NT BEFMBOUF -PT QSJODJQBMFT IFSCBSJPT
EPOEF FTUO BMNBDFOBEBT MBT SFGFSFODJBT TPCSF MB SFDPMFDDJO EF NBDSPNJDFUPT FTUO
FOMPTQBTFTEFTBSSPMMBEPT BVORVFTFFTUOMMFWBOEPBDBCPFTGVFS[PTQBSBFTUBCMFDFS
SFDPMFDDJPOFT FO PUSPT MVHBSFT -B QFSJDJB NJDPMHJDB FO MB JEFOUJGJDBDJO EF MPT
FTQFDNFOFT FT EJTQPOJCMF FO VOB CVFOB DBOUJEBE EF QBTFT UBMFT DPNP .YJDP Z
$IJOB/PFTUTJFNQSFDMBSPDVBMJOTUJUVDJOQCMJDBPQSJWBEBQPESBFTUBSFOHSBEP
EFBZVEBSDPOMBJEFOUJGJDBDJOZMPTNFKPSFTDPOTFKPTHFOFSBMFTRVFQPEFNPTPGSFDFS
FTJOTUBSBCVTDBSBUSBWTEF*OUFSOFU UBOUPFOMPTTJUJPTXFCDPNPFOMPTNPUPSFTEF
CTRVFEBQSFGFSJEPT
&OMPTUFNBTNTBNQMJPTEF1'/. FUOPDJFODJB FOGPRVFTQBSUJDJQBUJWPTTPCSFFM
EFTBSSPMMPZPUSBTEJTDJQMJOBTSFMFWBOUFTQBSBFMVTPEFMPT)4$ MB'"0FTVOQVOUPEF
QBSUJEBQUJNPEPOEFCVTDBSBZVEB
-BTTPDJFEBEFTNJDPMHJDBTFYJTUFOFONVDIPTQBTFTEJGFSFOUFTZTPOVOQVOUPEF
QBSUJEBUJMQBSBCVTDBSTPMVDJPOFTBTVTQSFHVOUBT WBTFFOFM$VBESPEFUBMMFTTPCSF
TJUJPTXFC

(6"4%&$".1040#3&-04)0/(044*-7&453&4 $0.&45*#-&4
)BZ NVDIBT HVBT EF DBNQP TPCSF MPT NBDSPNJDFUPT F JODMVZFO JOGPSNBDJO TPCSF
MBTFTQFDJFTDPNFTUJCMFTZWFOFOPTBT&TUBTHVBTFTUOEJSJHJEBTBMPTOBUVSBMJTUBTZB
MB HFOUF RVF WB B SFDPMFDUBS PDBTJPOBMNFOUF IPOHPT QBSB DPNFS -BT HVBT EF DBNQP
EFUBMMBEBT DPOUJFOFO MBT EFTDSJQDJPOFT DJFOUGJDBT EF MBT FTQFDJFT FYQSFTBEBT FO VO
MFOHVBKF DMBSP Z OP BNCJHVP RVF HFOFSBMNFOUF FT EJGDJM EF DPNQSFOEFS QBSB MPT OP
FTQFDJBMJTUBT&YJTUFO TJOFNCBSHP MJCSPTEFCPMTJMMPNTCSFWFTRVFTFCBTBONTFO
MBTGPUPHSBGBTZUJFOFOEFTDSJQDJPOFTFTDSJUBTEFMBTFTQFDJFT"NCPTUJQPTEFHVBTTPO
UJMFTQBSBMBJEFOUJGJDBDJOEFMBTFTQFDJFTQFSP HFOFSBMNFOUF IBOTJEPFTDSJUPTQBSB

$6"%30
'VFOUFTEFBTFTPSBNJFOUPUDOJDPZEFJOGPSNBDJOTPCSFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFT
03("/*;"$*/
*/'03."$*/%&$0/5"$50
0#4&37"$*0/&4
$"#*#JPTDJFODF
#BLFIBN-BOF
&HIBN
4VSSFZ585:
3FJOP6OJEP
$PNQSFOEFFM*OTUJUVUP.JDPMHJDP*OUFSOBDJPOBMIFSCBSJP
QVCMJDBDJPOFTCJCMJPUFDBEFDPOTVMUBQFSJDJBTUBYPONJDBT
FYQFSJFODJBTBNQMJBTFOFMEFTBSSPMMPCBTFTEFEBUPTF*OEFY
'VOHPSVN
XXXXJMEVTFGVMGVOHJPSHXXXDBCJCJPTDJFODFPSH
+BSEJOFT#PUOJDPT
3FBMFT ,FX
5IF)FSCBSJVN
4VSSFZ58"#
3FJOP6OJEP
)FSCBSJPQFSJDJBTUBYPONJDBTFONBDSPNJDFUPT$FOUSPEF#PUOJDB
&DPONJDB JODMVZFIPOHPTDPNFTUJCMFT
CJCMJPUFDBEFDPOTVMUB
XXXSCHLFXPSHVLTDJIPSUNZDPMFYQIUN
.VTFP/BDJPOBMEF
#MHJDB
%PNFJOWBO#PVDIPU
#.FJTF
#MHJDB
1FSJDJBUBYPONJDB)4$IFSCBSJPT FOMBDFTJOUFSOBDJPOBMFT
QVCMJDBDJPOFT
XXXCSGHPWCF
*OTUJUVUPEF
*OWFTUJHBDJOTPCSFFM
DVMUJWPZMPTBMJNFOUPT
1#
$ISJTUDIVSDI
/VFWB;FMBOEJB
%FTBSSPMMPEFUFDOPMPHBT$VMUJWBDJPOFTEFUSVGBTZEFNT)4$FO
DPOEJDJPOFTiDPOUSPMBEBTwXXXDSPQDSJO[QTQFNNVTISPPNT
JOEFYIUN
$6"%30
(VBTEFDBNQPZTJUJPTXFCQBSBMBJEFOUJGJDBDJOEFMPTNBDSPIPOHPTZEFTVTWBSJFEBEFTDPNFTUJCMFT
1"4
*/'03."$*/:'6&/5&4
"SHFOUJOB
#FOJO
#VMHBSJB
#VSVOEJ
$IJOB
(BNVOEZ)PSBL .BDSPNJDFUPT MJCSPEFCPMTJMMPDPOGPUPT&OFTQBPM

%F,FTFM $PEKJBZ:PSPV GPUPHSBGBTTFMFDDJPOBEBTEFTDSJQDJOEFMBTFTQFDJFT&OGSBODT
*PSEBOPW 7BOFWZ'BLJSPWB FTQFDJFTDPNFTUJCMFTZWFOFOPTBT FOCMHBSP%JCVKPT
#VZDL CFEJDJOBOPUBEB HVBBMBTFTQFDJFTDPNFTUJCMFT&OGSBODT'PUPHSBGBT
-BHVBNTDPNQMFUBZNFKPSJMVTUSBEBFT.BP VODPNQFOEJPJOUFSFTBOUTJNPEFNJDPMPHB
EFDBNQPDPOGPUPHSBGBTBUPEPDPMPS:JOHFUBM FTQFDJFTDPNFTUJCMFT FODIJOP<OPWJTUP>
.BP &TQFDJFTDPNFTUJCMFT FODIJOP:JOHFUBM FTQFDJFTNFEJDJOBMFT FODIJOP<OPWJTUP>
XXXJNBDDOUJFOFGPUPHSBGBTEFMBTQSJODJQBMFTFTQFDJFTQPSTVWBMPSFDPONJDP
'SBODP.PMBOP "MEBOB(NF[Z)BMMJOH HVBBMPTNBDSPIPOHPT GPUPHSBGBT
4FQVFEFOFODPOUSBSEPTHVBTFYDFMFOUFTDPOGPUPHSBGBTBDPMPSFTZUFYUPTFOFTQBPMFJOHMT .BUB
)BMMJOHZ.VFMMFS

3PESHVF[FUBM
NBDSPIPOHPTDPOBOPUBDJPOFTTPCSFTVDPNFTUJCJMJEBE GPUPTBDPMPS FOFTQBPM
"SPSB HVBQPQVMBSEFUPEPTMPTNJDSPIPOHPTDPOGPUPHSBGBTXXXNZLPXFCDPNFTQFDJFT
DPNFTUJCMFT GPUPHSBGBT EFTDSJQDJPOFT.PMJOBFUBM QSJODJQBMFTFTQFDJFTDPNFTUJCMFTFOFM1BDGJDP
OPSPFTUF GPUPHSBGBT
7BTJMFWB FTQFDJFTDPNFTUJCMFT WFOFOPTBTZNFEJDJOBMFT FOSVTP WJTUPTMPMBUSBEVDDJO)BZ
NVDIBTHVBTQPQVMBSFTEFMPTIPOHPTEFDBNQP ZMBTJHVJFOUFFTVOFKFNQMPUJMZSQJEBNFOUF
EJTQPOJCMF&OSVTPZUJFOFEJCVKPT4FSHFFWB
$PMPNCJB
$PTUB3JDB
&TQBB
&TUBEPT
6OJEPT
'FEFSBDJO
EF3VTJB
MFKBOP
PSJFOUF
*OEJB
1VSLBZBTUIBZ$IBOESB SFTVNFOUJMEFMBTFTQFDJFTDPNFTUJCMFT EBUPTOVUSJDJPOBMFT4JO

GPUPHSBGBTOJEJCVKPT
*TSBFM
8BTTFS FTQFDJFTDPNFTUJCMFTZWFOFOPTBT FOSVTPZIFCSFP<OPWJTUB>
*UBMJB
5FTUJ FTVOBHVBQPQVMBS VOBEFMBTNVDIBTQVCMJDBEBT-PTIPOHPTDPNFTUJCMFTEFMBSFHJO
#BTJMJDBUBTFEFTDSJCFOFO5BHMJBWJOJZ5BHMJBWJOJ "NCBTHVBTUJFOFOGPUPHSBGBTZFTUOFTDSJUBTFO
JUBMJBOP
+BQO
*NB[FLJFUBM IPOHPTEF+BQO FOKBQPOT QFSPMPTOPNCSFTEFMBTFTQFDJFTFTUOFTDSJUPTFO
JOHMTZUJFOFGPUPTFYDFMFOUFT
,JSHVJTUO
&MDIJCBFW IPOHPTDPNFTUJCMFT EJCVKPT FOSVTP
.BMBXJ
XXXNBMBXJGVOHJPSHFTQFDJFTDPNFTUJCMFT DPOGPUPHSBGBT SFQPSUFTZCBTFTEFEBUPTDPOMPTOPNCSFT
MPDBMFT.PSSJT FTQFDJFTDPNFTUJCMFT%JCVKPT
.YJDP
XXXTFNBSOBUHPCNYFTQFDJFTDPNFTUJCMFT WFOFOPTBTZNFEJDJOBMFT FOFTQBPM5FYUPZGPUPHSBGBT
1PMPOJB
XXXHS[ZCZQMHVBCSFWFEFMBTFTQFDJFTDPNFSDJBMFT DPOGPUPHSBGBTFOQPMBDPFJOHMT
3FJOP6OJEP 1IJMMJQTFUBM FTQFDJFTDPNFTUJCMFTZWFOFOPTBT GPUPHSBGBTFYDFMFOUFT
3FQCMJDBEF 1BSLZ-FF HVBBMPTIPOHPTEF$PSFB/PWJTUB&ODPSFBOP
$PSFB
IUUQHJFDIHSPVQIQJOGPTFFLDPKQLJOPLPFOHIUNMQSJODJQBMNFOUFGPUPHSBGBT UFYUPMJNJUBEP
3FQCMJDB
%FNPDSUJDB
1PQVMBS-BP
)SLOFO /JFNFMZ.XBTVNCJ
3FQCMJDB
6OJEBEF
5BO[BOB
4VEGSJDB
3ZWBSEFO 1JFBSDFZ.BTVLB EFTDSJCFMPTNBDSPIPOHPTFOHFOFSBM JODMVZFOEPMBTFTQFDJFT
DPNFTUJCMFT'PUPHSBGBT7BOEFS8FTUIVJ[FOZ&JDLFS HVBHFOFSBMEFMPTNBDSPIPOHPT
GPUPHSBGBTZEFTDSJQDJOEFMBTFTQFDJFTEFNBZPSJNQPSUBODJBQBSB4VEGSJDB
5JCFU3FHJO .BPZ+JBOH .BDSPIPOHPTFDPONJDPT FODIJOP<OPWJTUB>
"VUOPNB
$IJOB
5VSRVB
XXXPHNHPWUSFTQFDJFTDPNFTUJCMFT FOJOHMT'PUPHSBGBTZVOUFYUPCSFWF
6DSBOJB
;FSPWBZ3P[IFOLP FTQFDJFTDPNFTUJCMFTZWFOFOPTBT FOSVTP%JCVKPT8BTTFS HVBBMBT
FTQFDJFTDPNFTUJCMFTZWFOFOPTBTEFMPTNPOUFT$SQBUPT
6HBOEB
,BUFOEF 4FHBXBZ#JSOJF NCJUPMJNJUBEPEFMBTFTQFDJFTDPNFTUJCMFT EJCVKPT
'VFOUFTEFBTFTPSBNJFOUPFJOGPSNBDJO

$6"%30
4JUJPTXFCHFOFSBMFTTPCSFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTBSHVNFOUPTSFMBDJPOBEPT
%*3&$$*/
0#4&37"$*0/&4
IUUQNZDPMPHZDPSOFMMFEV
-JCSFSBWJSUVBMTPCSFNJDPMPHB1PSUBMQSJODJQBMQBSBJOGPSNBDJOTPCSFMPTIPOHPT
JODMVZFOEPMBTFTQFDJFTUJMFT#VFOQVOUPEFQBSUJEBQBSBJOWFTUJHBDJPOFTHFOFSBMFT
XXXNVTIXPSMEDPN
6OPEFMPTNTWJTJUBEPTEFMPTTJUJPTiDPNFSDJBMFTwJOWFTUJHBEPT&MBDDFTPFT
MJCSFVOBWF[RVFTFIBZBJOTDSJUP5JFOFSFQPSUFTTPCSFMBQSPEVDDJOEFIPOHPT
DVMUJWBEPT
ZUJFOFVOBCVFOBDPCFSUVSBNVOEJBM
IUUQNZDPSSIJ[BBHVULFEV
%JSFDUPSJPJOUFSOBDJPOBMEFMPTi.JDPSSJ[MPHPTw5JFOFFOMBDFTIBDJBTJUJPTTPCSF
IPOHPTFDUPNJDPSS[JDPTDPNFTUJCMFT FOVNFSBMPT<OPNCSFT>DJFOUGJDPTZUJFOF
NVDIBJOGPSNBDJOCTJDB6OCVFOQVOUPEFSFGFSFODJBHFOFSBM
XXXJOEFYGVOHPSVNPSH
)FSSBNJFOUBEFSFGFSFODJBFTFODJBM$POUSPMBMPTOPNCSFTEFMBTFTQFDJFTEFUPEPTMPT
IPOHPT JODMVZFOEPMPTNBDSPIPOHPT UBNCJOMBTBVUPSJEBEFTDPSSFDUBT
IUUQHNSMBOEGPPEVOJNFMCFEV
BV_QMBOUT
(VBFOWBSJPTJEJPNBTEFMPTOPNCSFTEFMPTIPOHPT JODMVZFOEPFMDIJOP/PQPOF
OGBTJTFTQFDJBMFOMPTIPOHPTTJMWFTUSFT
XXXNBMBXJGVOHJPSH
)POHPTTJMWFTUSFTUJMFTEF.BMBXJDPOVOBCBTFEFEBUPTEJTQPOJCMFEFMPTOPNCSFT
MPDBMFTZTVTDPSSFTQPOEJFOUFTOPNCSFTDJFOUGJDPT-PTJOGPSNFTEFMPTQSPZFDUPT
QVFEFOTFSEFTDBSHBEPTGPUPHSBGBTEFNVDIBTFTQFDJFTEJTQPOJCMFT
XXXJNBDDO
)POHPTFDPONJDPTEF$IJOB.VDIBTGPUPHSBGBTPSUPHSBGBDBQSJDIPTBEFMPT
OPNCSFTDJFOUGJDPT
XXXTFNBSOBUHPCNY
&YDFMFOUFTJUJP FOFTQBPM
TVNJOJTUSBEFUBMMFTEFMPTQSJODJQBMFT)4$EF.YJDP
JODMVZFOEPEFTDSJQDJPOFTEFUBMMBEBTZGPUPHSBGBT
XXXHS[ZCZQM
)POHPTDPNFTUJCMFTEF1PMPOJB DPOBMHVOPTUFYUPTFOJOHMT

IUUQGVOHJNBQSHCWJDHPWBV
*OGPSNBDJOHFOFSBMTPCSFMBTFTQFDJFTDPNFTUJCMFTZWFOFOPTBTEF"VTUSBMJB
XXXGJOUSBDDPN
$POUJFOFEBUPTUJMFTTPCSFFMDPNFSDJPEFEFMBTFYQPSUBDJPOFTEFiIPOHPTw
BBMHVOPTQBTFTZQSJODJQBMNFOUFEFMBTFYQPSUBDJPOFTEFNBUTVUBLFTB+BQO
XXXGVOHJDPN
'VOHJ1FSGFDUJ VOBDPNQBBDPNFSDJBMFTQFDJBMJ[BEBFOMBDVMUJWBDJOEFIPOHPT
HBTUSPONJDPTZNFEJDJOBMFT#VFOBJOGPSNBDJOHFOFSBMZNVDIPTFOMBDFT
XXXNZDPQBUTMVTFNZDPSSIJ[B
FEJCMFIPNFQIUNM
)POHPTNJDPSS[JDPTDPNFTUJCMFT)BOTJEPSFBMJ[BEBTEPTDPOGFSFODJBT
JOUFSOBDJPOBMFTZFTUFTJUJPCSJOEBJOGPSNBDJOTPCSFFTUBTDIBSMBTZPUSPTBTVOUPTEF
JNQPSUBODJBHFOFSBMQBSBMPT)4$
XXXNVTISPPNUIFKPVSOBMDPN
&MQFSJEJDPEFMBSFDPMFDDJOEFIPOHPT QVCMJDBEPFO&TUBEPT6OJEPTDPOBSUDVMPT
EJTQPOJCMFTFOMOFB1SFTFOUBVOFOGPRVFNVZQSDUJDPZVOBOMJTJTEFMBSFDPMFDDJO
EFIPOHPTZBVORVFFTUJODMJOBEPIBDJBMPTBGJDJPOBEPTEF&&66FYQMPSBUFNBT
NVOEJBMFT MFZFTEFSFDPMFDUPSFT
EFNBZPSJNQPSUBODJB
XXXGTGFEVT
*OGPSNBDJOTPCSFMBDVMUJWBDJODPNFSDJBMFOFM1BDGJDPOPSPFTUFEF&&66
JODMVZFOEPJOGPSNFTEFUBMMBEPTEFM#PTRVF/BDJPOBMEF8JOFNB
XXXXJMEVTFGVMGVOHJPSH
VOQCMJDPRVFWJWFFOMPTQBTFTEFTBSSPMMBEPTZUJFOFO QPSMPUBOUP VOVTPMJNJUBEP

FOMPTQBTFTFOWBTEFEFTBSSPMMP
)BZQPDPTMJCSPTRVFBCBSDBOMPTUFNBTEFMPT)4$FTQFDGJDBNFOUFEFTEFFMQVOUP
EFWJTUBEFMBQPCMBDJOZMBNBZPSQBSUFEFMBJOGPSNBDJOSFMFWBOUFFTUEJTQFSTBFOVO
BNQMJPSBEJPEFEJTDJQMJOBT NTJOGPSNBDJOFOFM$VBESP
-BNFKPSJOUSPEVDDJO
HFOFSBMBMPT)4$ JODMVZFOEPEFUBMMFTUJMFT FTVOMJCSPQVCMJDBEPFO/VFWB;FMBOEB
)BMMFUBM B
6OBTFHVOEBFEJDJOEFFTUFMJCSPGVFQVCMJDBEBFO )BMMFU
BM
6OEJDDJPOBSJPTPCSFMPTIPOHPTDPNFTUJCMFTDPOUJFOFMBTMJTUBTEFNVDIBT
FTQFDJFTEFMPTQBTFTEFM4VSZEFM/PSUFEFMNVOEP JODMVZFOEPTVTOPNCSFTMPDBMFT
TUBFTVOBSFGFSFODJBUJMQFSPOPFTFODJBM $IBOESB

-BTHVBTEFMPTQBTFT
.VDIBTHVBTEFDBNQPTFCBTBOFOMBTFTQFDJFTFODPOUSBEBTFOMBTSFHJPOFTUFNQMBEBT
)BZ VOB QMUPSB EF UBMFT HVBT FO &TUBEPT 6OJEPT Z MPT QBTFT EF &VSPQB EFM FTUF
FTUO JHVBMNFOUF CJFO QSPWFEPT -PT FKFNQMPT QSJODJQBMFT FTUO FOVNFSBEPT FO FM
$VBESP QFSP TF IBDF IJODBQJ FO MPT MJCSPT NFOPT DPOPDJEPT EF MPT QBTFT FO
EFTBSSPMMP-BNBZPSQBSUFEFFMMPTTFIBOBHPUBEPZTPOEJTQPOJCMFTTPMBNFOUFFOMBT
CJCMJPUFDBTFTQFDJBMJ[BEBT-BTHVBTQVCMJDBEBTFO&TUBEPT6OJEPT QFK"SPSB

Z&VSPQB QFK1IJMMJQTFUBM
UPEBWBQVFEFOTFSDPNQSBEBTPDPOTVMUBEBTFOMBT
CJCMJPUFDBT

*/'03."$*/40#3&-04)0/(04.&%*$*/"-&4:7&/&/0404
.VDIPTIPOHPTDPNFTUJCMFTUJFOFOUBNCJOQSPQJFEBEFTNFEJDJOBMFT&M*OUFSOBUJPOBM
+PVSOBMPG.FEJDJOBM.VTISPPNTFNQF[TVQVCMJDBDJOFOZDPOUJFOFBSUDVMPTEF
SFWJTUBTBMJHVBMRVFDPOUSJCVDJPOFTPSJHJOBMFT6OCVFOSFTVNFOTPCSFFTUFBSHVNFOUP
TFFODVFOUSBFO)PCCT

4*5*048&#
-B *OUFSOFU FT VOB GVFOUF UJM EF JOGPSNBDJO QFSP MB DBMJEBE Z QSFDJTJO EF FTUB
JOGPSNBDJO QVFEF TFS EJGDJM EF FWBMVBS &TDSJCB MB QBMBCSB iIPOHPu V iIPOHP
DPNFTUJCMFu FO VO NPUPS EF CTRVFEB QPS FKFNQMP (PPHMF XXXHPPHMFDPN
Z
BQBSFDFS VOB FOPSNF DBOUJEBE EF EJSFDDJPOFT FMFDUSOJDBT -PT TJUJPT FOVNFSBEPT
FOFM$VBESPTPOVOQVOUPEFQBSUJEBQBSBMBJOWFTUJHBDJOZQSPQPSDJPOBOWBSJPT
FMFNFOUPT RVF JOEJDBO MP UJM RVF IBO TJEP EVSBOUF MB QSFQBSBDJO EF FTUF MJCSP -B
NBZPSQBSUFEFMPTTJUJPTFOVNFSBEPTFOFM$VBESPIBDFOIJODBQJQSJNFSPFOMPT
IPOHPTZEFTQVTFOMPTVTPTQPSMBTQPCMBDJPOFT TJMPIBDFO
&M$VBESPFTTPMBNFOUFVOBTFMFDDJOEFMPTTJUJPTXFCEJTQPOJCMFTDPOJOGPSNBDJO
TPCSFMPT)4$1BSBCTRVFEBTNTEFUBMMBEBTEFMBJOGPSNBDJOEJTQPOJCMFQVCMJDBEB
OBEB QVFEF TVTUJUVJS MBT NJOVDJPTBT SFWJTUBT EF MJUFSBUVSB QFSJEJDPT Z PUSBT GVFOUFT
QVCMJDBEBT QSPGFTJPOBMNFOUF &M $VBESP JODMVZF FKFNQMPT EF TJUJPT XFC EF QBTFT
FTQFDGJDPTFJMVTUSBMBFYDFMFOUFJOGPSNBDJOEJTQPOJCMFQBSB.YJDP

#JCMJPHSBGB
"BSPOTPO 4 'VOHJ &O ,' ,JQMF Z ,$ 0SOFMBT FET 5IF $BNCSJEHF XPSME
IJTUPSZPGGPPE 1HTm$BNCSJEHF 3FJOP6OJEP $BNCSJEHF6OJWFSTJUZ1SFTT
1HT
"CBUF %"HBSJDVTDBNQFTUSJTJOVQMBOE&UIJPQJB.ZDPMPHJTU
"CCPUU 1 /POUJNCFS GPSFTU QSPEVDUT IBSWFTUJOH MFTTPOT GPS TFBTPOBMMZTFOTJUJWF
NBOBHFNFOU JO NJPNCP &O .3 /HVMVCF - .XBCVNCB Z 1 $IJSXB FET (FTUJO
DPNVOBMEFMPTCPTRVFTEFNJPNCPFO.BMBXJ 1HTm"DUBTEFVOUBMMFSOBDJPOBM
4VOZ4BOE)PMJEBZ3FTPSU .BOHPDIJ .BMBXJ EFTFQUJFNCSFEF;PNCB
.BMBXJ *OTUJUVUPEF*OWFTUJHBDJO'PSFTUBMEF.BMBXJ
"EIJLBSJ ,4 Z "EIJLBSJ ., 3FDPMFDDJO Z DPOTVNP EF IPOHPT TJMWFTUSFT
DPNFTUJCMFT WFOEJEPT FO FM WBMMF EF ,BUNBOE /FQBM 5IF (FPHSBQIFST 1PJOU m
m
"EIJLBSJ ., 8JME SFMBUJWFT PG TPNF BSBCMF NVTISPPNT GPVOE JO /FQBM &O
/BUJPOBM $POGFSFODF PO 8JME 3FMBUJWFT PG $VMUJWBUFE 1MBOUT JO /FQBM 1HT m
,BUNBOE .JTJO(SFFO&OFSHZ
"EIJLBSJ ., Z %VSSJFV ( &UIOPNZDPMPHJF /QBMBJTF #VMMFUJO 4PDJU
.ZDPMPHJRVFEF'SBODF m
"EIJLBSZ 3, #BSVBI 1 ,BMJUB 1Z#PSEPMPJ %&EJCMFNVTISPPNTHSPXJOHJO
UIFGPSFTUTPG"SVOBDIBM1SBEFTI"EWBODFTJO)PSUJDVMUVSFBOE'PSFTUSZ
m
"GZPO " .BDSPGVOHJ PG 4FZEJTFIJS EJTUSJDU ,POZB
5VSLJTI +PVSOBM PG #PUBOZ

m
"JOTXPSUI ($*OUSPEVDUJPOUPUIFIJTUPSZPGNZDPMPHZ$BNCSJEHF 3FJOP6OJEP
$BNCSJEHF6OJWFSTJUZ1SFTT1HT
"MFYBOEFS *+Z)PHCFSH 1&DUPNZDPSSIJ[BTPGUSPQJDBMBOHJPTQFSNPVTUSFFT/FX
1IZUPMPHJTU
m
"MFYBOEFS 4 1JM[ % 8FCFS /4 #SPXO & Z 3PDLXFMM 7" .VTISPPNT
USFFT BOE NPOFZ WBMVF FTUJNBUFT PG DPNNFSDJBM NVTISPPNT BOE UJNCFS JO UIF 1BDJGJD
/PSUIXFTU&OWJSPONFOUBM.BOBHFNFOU
m
"MFYJBEFT ./ FE4FMFDUFEHVJEFMJOFTGPSFUIOPCPUBOJDBMSFTFBSDIBGJFMENBOVBM
/VFWB:PSL &&66 +BSEO#PUOJDPEF/VFWB:PSL1HT
"MNPOE .&EEJF(FPSHFUBLFTPWFS6LSBJOF/FX4UBUFTNBO EFBCSJMEF

"M/BBNB /. &XB[F +0Z/FNB +)$IFNJDBMDPOTUJUVFOUTPG*SBRJUSVGGMFT
*SBRJ+PVSOBMPG"HSJDVMUVSBM4DJFODFT
m
"MPGF '7 0EFZFNJ 0Z0LF 0-5ISFFFEJCMFXJMENVTISPPNTGSPN/JHFSJB
UIFJSQSPYJNBUFBOENJOFSBMDPNQPTJUJPO1MBOU'PPETGPS)VNBO/VUSJUJPO
m
"MQIPOTF .&-FTDIBNQJHOPOTDPNFTUJCMFTE)BUJ1VFSUP1SODJQF DBTBFEJUPSJBM
EFTDPOPDJEB

"MTIFJLI ".Z5SBQQF +.%FTFSUUSVGGMFTUIFHFOVT5JSNBOJB5SBOTBDUJPOTPG
UIF#SJUJTI.ZDPMPHJDBM4PDJFUZ
m
"OUPOJO 7Z'SBJUVSF ".BSBTNJVTIFJOFNBOOJBOVT BOFXFEJCMFTQFDJFTGSPN
#FOJO 8FTU"GSJDB#FMHJBO+PVSOBMPG#PUBOZ
m
"SOPMET & $POTFSWBUJPO BOE NBOBHFNFOU PG OBUVSBM QPQVMBUJPOT PG FEJCMF GVOHJ
$BOBEJBO+PVSOBMPG#PUBOZ
m
"SPDIF 3. $JGVFOUFT + -PSFB ' 'VFOUFT 1 #POBWJEFT + (BMJDJB ) .FOOEF[
& "HVJMBS 0 Z 7BMFO[VFMB 7 .BDSPNJDFUPT WFOFOPTPT Z DPNFTUJCMFT EF VOB

SFHJO DPNVOBM EFM 7BMMF EF .YJDP * #PMFUO EF MB 4PDJFEBE .FKJDBOB EF .JDPMPHB

m
"SPSB %.VTISPPNTEFNZTUJGJFE#FSLFMFZ $" &&66 5FO4QFFE1SFTT1HT
"SPSB %5IFXBZPGUIFXJMENVTISPPN$BMJGPSOJB8JME
m
#BOEBMB 7. .POUPZB -Z$IBQFMB *)8JMEFEJCMFNVTISPPNTJO.FYJDPB
DIBMMFOHFBOEPQQPSUVOJUZGPSTVTUBJOBCMFEFWFMPQNFOU&O.&1BMNZ*)$IBQFMB
FET.ZDPMPHZJOTVTUBJOBCMFEFWFMPQNFOUFYQBOEJOHDPODFQUT WBOJTIJOHCPSEFST 1HT
m#PPOF /$ &&66 1BSLXBZ1VCMJTIFST
#BQUJTUB'FSSFJSB +- 8IBUT HPJOH PO BCPVU DPOTFSWBUJPO PG GVOHJ JO 1PSUVHBM
&O $ 1FSJOJ FE $POTFSWBUJPO PG GVOHJ 1HT m 4JFOB *UBMJB 6OJWFSTJEBE EF MPT
&TUVEJPTEF4JFOB
#BSOFUU $- #FSFTGPSE /" 'SBOLMBOE +$ 4FMG 1- )PXBSE #+ Z .BSSJPUU
+733BEJPDBFTJVNJOUBLFJO(SFBU#SJUBJOBTBDPOTFRVFODFPGUIFDPOTVNQUJPO
PGXJMEGVOHJ.ZDPMPHJTU
m
#BUSB -3 &EJCMF EJTDPNZDFUFT BOE HBTUFSPNZDFUFT PG "GHIBOJTUBO 1BLJTUBO BOE
OPSUIXFTUFSO*OEJB#JPMPHB -BIPSF
m
#BVFS1FUSPWTLB # +PSEBOPTLJ # 4UFGPW 7 Z ,VMFWBOPWB 4 *OWFTUJHBUJPO PG
EJFUBSZ GJCSF JO TPNF FEJCMF NVTISPPNT GSPN .BDFEPOJB /VUSJUJPO BOE 'PPE 4DJFODF

m
#FMDIFS #JOWFTUJHBDJO$*'03GPSFTUQSPEVDUTBOEQFPQMFSBUUBOJTTVFT&O'"0
1SPEVDUPT'PSFTUBMFT/P.BEFSFSPT3BUUBO$VSSFOUSFTFBSDIJTTVFTBOEQSPTQFDUTGPS
DPOTFSWBUJPOBOETVTUBJOBCMFEFWFMPQNFOU 1HTm+%SBOTGJFME '05FTPSPZ/
.BOPLBSBO FET3PNB '"0
#SFMMF (0SHBOJTFSMFSBNBTTBHFEFTDIBNQJHOPOT 0SHBOJ[BOEPMBSFDPMFDDJOEF
IPOHPT
'PSFUTEF'SBODF
#JSLT ""'VOHJJOGPMLNFEJDJOF.D*MWBJOFB
m
#PB &3 )PX EP MPDBM QFPQMF NBLF VTF PG XJME FEJCMF GVOHJ /BSSBDJPOFT
QFSTPOBMFTEFTEF.BMBXJ&O*3)BMM :8BOH ";BNCPOFMMJZ&%BOFMM FET&EJCMF
FDUPNZDPSSIJ[BM NVTISPPNT BOE UIFJS DVMUJWBUJPO "DUBT EF MB TFHVOEB DPOGFSFODJB
JOUFSOBDJPOBM TPCSF MPT IPOHPT FDUPNJDPSS[JDPT DPNFTUJCMFT EF KVMJP EF
$ISJTUDIVSDI $%30. $ISJTUDIVSDI /FX ;FBMBOE *OTUJUVUF GPS $SPQ BOE 'PPE
3FTFBSDI-JNJUFE
#PB &3 /HVMVCF . .FLF ( Z .VOUIBMJ $ &ET 'JSTU 3FHJPOBM 8PSLTIPQ
PO 4VTUBJOBCMF 6TF PG 'PSFTU 1SPEVDUT .JPNCP 8JME &EJCMF 'VOHJ ;PNCB .BMBXJ
*OTUJUVUPEF*OWFTUJHBDJO'PSFTUBMEF.BMBXJZ$"#*#JPTDJFODF1HT
#PLIBSZ )"Z1BSWF[ 4$IFNJDBMDPNQPTJUJPOPGEFTFSUUSVGGMFT5FSGF[JBDMBWFSZJ
+PVSOBMPG'PPE$PNQPTJUJPOBOE"OBMZTJT
m
#PSVBI 1 "EIJLBSZ 3, ,BMJUB 1Z#PSEPMPJ %4PNFFEJCMFGVOHJHSPXJOHJO
UIFGPSFTUPG&BTU,IBTJ)JMMT .FHIBMBZB
"EWBODFTJO'PSFTUSZ3FTFBSDIJO*OEJB

m
#PSVBI 1Z4JOHI 34&EJCMFGVOHJPGNFEJDJOBMWBMVFGSPNUIFFBTUFSO)JNBMBZB
SFHJPO*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT

#PVSJRVFU ( -FT QSJODJQBVY DIBNQJHOPOT EF .BEBHBTDBS 5FSSF .BMBHBDIF

m
#SFFOF 8. /VUSJUJPOBM BOE NFEJDJOBM WBMVF PG TQFDJBMUZ NVTISPPNT +PVSOBM PG
'PPE1SPUFDUJPO
m
#SFTJOTLZ "Z#FTM )"DPMPVSBUMBTPGQPJTPOPVTGVOHJ-POESFT 8PMGF
#VLPXTLJ 5 .VTISPPN HSPXJOH JO 1PMBOE &O .VTISPPN 4DJFODF *7 1HT
m "DUBT EF MB DVBSUB DPOGFSFODJB JOUFSOBDJPOBM TPCSF MPT BTQFDUPT DJFOUGJDPT EFM
DSFDJNJFOUP EF MPT IPOHPT m EF KVMJP EF $PQFOIBHVF 0EFOTF %JOBNBSDB
"OEFMTCPHUSZLLFSJFU
#VMBLI &..FEJDJOBMNVTISPPNTPGUIF3VTTJBO'BS&BTUJOOBUVSF*OUFSOBUJPOBM
+PVSOBMPG.FEJDJOBM.VTISPPNT

#JCMJPHSBGB
#VMMFS ")3 5IF GVOHVT MPSFT PG UIF (SFFLT BOE 3PNBOT 5SBOTBDUJPOT PG UIF
#SJUJTI.ZDPMPHJDBM4PDJFUZ
m
#VSLIJMM *)"EJDUJPOBSZPGUIFFDPOPNJDQSPEVDUTPGUIF.BMBZ1FOJOTVMB-POESFT
$SPXO"HFOUTGPSUIF$PMPOJFT
#VULVT 7 +BTLPOJT * 6SCPOBT 7 Z $FSWPLBT 7 .JOPS GPSFTU SFTPVSDFT GSVJU
CFBSJOHQMBOUTNFEJDJOBMQMBOUTGVOHJ-JUVBOJB1HT
#VZDL # B &DUPUSPQIZ JO USPQJDBM "GSJDBO FDPTZTUFNT &O +) 4FZBOJ Z "$
$IJLVOJ FET "DUBT EFM 9** FODVFOUSP QMFOBSJP EF "&5'"5 1HT m ;PNCB
.BMBXJ mEFBCSJMEF;PNCB .BMBXJ )FSCBSJP/BDJPOBMZ+BSEJOFT#PUOJDPT
EF.BMBXJ
#VZDL #C6CXPCB-FTDIBNQJHOPOTDPNFTUJCMFTEFM0VFTUEV#VSVOEJ#SVTFMBT
"ENJOJTUSBDJO(FOFSBMEF$PPQFSBDJOBM%FTBSSPMMP1HT
#VZDL # 0CTFSWBDJPOFT QSFMJNJOBSFT TPCSF MB EJWFSTJEBE Z ICJUBU EF MBT 3VTTVMB
3VTTVMBMFT #BTJEJPNZDPUJOB
FO .BEBHBTDBS .JDPMPHJB F 7FHFUB[JPOF .FEJUFSSBOFB

m
$BHMBSJSNBL / 6OBM , Z 0UMFT 4 /VUSJUJPOBM WBMVF PG XJME FEJCMF NVTISPPNT
DPMMFDUFEGSPNUIF#MBDL4FBSFHJPOPG5VSLFZ.JDPMPHB"QMJDBEB*OUFSOBDJPOBM
m
$BNQCFMM # FE5IFNJPNCPJOUSBOTJUJPOXPPEMBOETBOEXFMGBSFJO"GSJDB#PHPS
*OEPOFTJB $FOUSP*OUFSOBDJPOBMEF*OWFTUJHBDJPOFT'PSFTUBMFT1HT
$BP + 6O IPOHP TJMWFTUSF DPNFTUJCMF OVFWP 8ZOOFMMB TJMWJDPMB ;IPOHHVP
4IJZPOHKVO )POHPTDPNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

m
$BWBMDBTFMMF #&EJCMFNVTISPPNQSPEVDUJPOJOGPSFTUWJMMBHFTPG5VSLFZ 4ZSJBBOE
+PSEBO&O.FEJDJOBMBOEDVMJOBSZQMBOUTJOUIF/FBS&BTU"DUBTEFMNJUJOJOUFSOBDJPOBM
EFFYQFSUPT$BJSP '"0
$FSWFSB .Z$PMJOBT $$PNFSDJBMJ[BDJOEFTFUBTJMWFTUSFFOMBDJVEBEEF-MFJEB
&O'1VFSUBTZ.3JWBT FET"DUBTEFM*$POHSFTP'PSFTUBM)JTQBOP-VTP **$POHSFTP
'PSFTUBM&TQBPM*3"5* 1HTm1BNQMPOB &TQBB mEFKVOJPEF
$IBNCFSMBJO . &UIOPNZDPMPHJDBM FYQFSJFODFT JO 4PVUI 8FTU $IJOB .ZDPMPHJTU

m
$IBOESB "&MTFWJFSTEJDUJPOBSZPGFEJCMFNVTISPPNT#PUBOJDBMBOEDPNNPOOBNFT
JOWBSJPVTMBOHVBHFTPGUIFXPSMENTUFSEBN &MTFWJFS1HT
$IBOH 45.VTISPPNCJPMPHZBOENVTISPPNQSPEVDUJPO.VTISPPN+PVSOBMGPS
UIF5SPQJDT
m
$IBOH 45 8PSME QSPEVDUJPO PG DVMUJWBUFE FEJCMF BOE NFEJDJOBM NVTISPPNT JO
XJUI FNQIBTJT PO -FOUJOVT FEPEFT JO $IJOB *OUFSOBUJPOBM +PVSOBM PG .FEJDJOBM
.VTISPPNT
m
$IBOH 45 Z #VTXFMM +" (BOPEFSNB MVDJEVN m B NVTISPPNJOH NFEJDJOBM
NVTISPPN*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT m
$IBOH 45Z.BP 9)POHPTEF)POH,POH)POH,POH 6OJWFSTJEBE$IJOBEF
)POH,POH1HT
$IBOH 45 Z .JMFT 1( 5FOEFODJBT NVOEJBMFT FO MB QSPEVDDJO EF IPOHPT
DVMUJWBEPTDPNFTUJCMFT.VTISPPN+PVSOBM
m
$IFO ;$ %JTUSJCVUJPO PG "HBSJDBMFT JO 5BJXBO 5SBOTBDUJPOT PG UIF .ZDPMPHJDBM
4PDJFUZPG3FQVCMJDPG$IJOB
m
$IJCJTPW (Z%FNJEPWB /1SPEVDUPTGPSFTUBMFTOPNBEFSFSPTZTVJOWFTUJHBDJO
FO "SLIBOHFMTL 3VTJB &O )( -VOE # 1BKBSJ Z . ,PSIPOFO FET 4VTUBJOBCMF
EFWFMPQNFOU PG OPOXPPE HPPET BOE CFOFGJUT GSPN CPSFBM BOE DPME UFNQFSBUF GPSFTUT
1HTm"DUBTEFMUBMMFSJOUFSOBDJPOBM +PFOTVV 'JOMBOEJB mEFFOFSPEF
&'*1SPDFFEJOHT /P
$IJO ') B &EJCMF BOE QPJTPOPVT GVOHJ GSPN UIF GPSFTUT PG 4BSBXBL 1BSU 5IF
4BSBXBL.VTFVN+PVSOBM
m
$IJO ') C &EJCMF BOE QPJTPOPVT GVOHJ GSPN UIF GPSFTUT PG 4BSBXBL 1BSU 5IF
4BSBXBL.VTFVN+PVSOBM
m

$PDISBO ,8 &OWFOFOBNJFOUPT EFCJEP B IPOHPT NBM JEFOUJGJDBEPT .D*MWBJOFB

m
$PMFOTP 8m0OB/FX;FBMBOEGVOHVTUIBUIBTPGMBUFZFBSTCFDPNFBWBMVBCMF
BSUJDMF PG DPNNFSDF 3FQPSU BOE 5SBOTBDUJPOT PG UIF 1FO[BODF /BUVSBM )JTUPSZ BOE
"OUJRVBSJBO4PDJFUZ QHTm
$SJTBO &7Z4BOET "/VUSJUJPOBMWBMVF&O45$IBOH:8")BZFT FET5IFCJPMPHZ
BOEDVMUJWBUJPOPGFEJCMFGVOHJ QHTm/VFWB:PSL &&66 "DBEFNJD1SFTT
%BWJT + -B JOEVTUSJB EF MPT IPOHPT DPNFTUJCMFT Z NFEJDJOBMFT FO "VTUSBMJB
*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT
m
%BWJT 80OF3JWFS/VFWB:PSL &&66 4JNPOZ4DIVTUFSQHT
EF#FFS +Z;BLIBSFOLPW "5JHFST NVTISPPNTBOECPOBO[BTJOUIF3VTTJBO'BS
&BTUUIF6EFHFATDBNQBJHOGPSFDPOPNJDTVSWJWBMBOEDPOTFSWBUJPO&O18PMWFLBNQ
"% 6TIFS 7 1BSBOKQZF Z . 3BNOBUI FET 'PSFTUT GPS UIF GVUVSF MPDBM TUSBUFHJFT
GPS GPSFTU QSPUFDUJPO FDPOPNJD XFMGBSF BOE TPDJBM KVTUJDF QHT m -POESFT ;FE
#PPLT
%F(FVT /#PUBOJDBMGPSFTUQSPEVDUTJO#SJUJTI$PMVNCJB"OPWFSWJFX7JDUPSJB
#$ $BOBE #SJUJTI$PMVNCJB.JOJTUSZPG'PSFTUT
%FHSFFG + *OWFOUBJSF WBMFVS BMJNFOUBJSF FU DVMUVSF EF DIBNQJHOPOT EV 4IBCB
.NPJSF GJO EUVEFT $IBJSF E&DPMPHJF FU 1IZUPTPDJPMPHJF 'BD 4DJFODFT "HSPO EF
(FNCMPVY #MHJDB
%FHSFFG + .BMBJTTF ' 3BNNFMPP + Z #BVEBSU & &EJCMF NVTISPPNT PG UIF
;BNCF[JBOXPPEMBOEBSFBBOVUSJUJPOBMBOEFDPMPHJDBMBQQSPBDI#"4& #JPUFDIOPMPHJF
"HSPOPNJF 4PDJFUFFU&OWJSPOOFNFOU

m
%F ,FTFM " $PEKJB +5$ Z :PSPV 4/ (VJEF EFT DIBNQJHOPOT DPNFTUJCMFT EV
#OJO $PUPOPV 3FQCMJDB EF #FOJO +BSEO #PUOJDP /BDJPOBM EF #MHJDB Z $FOUSP
*OUFSOBDJPOBM EF &DPEFTBSSPMMP JOUFHSBEP $&$0%*
*NQS $PDP.VMUJNFEJB
QHT
%F-FO 3)POHPTDVMUJWBEPT DPNFTUJCMFTZNFEJDJOBMFTEF(VBUFNBMB EJTQPOJCMF
FOFMTJUJPXXXNVTIXPSMEDPN

%FNJSCBT ""DDVNVMBUJPOPGIFBWZNFUBMTJOTPNFFEJCMFNVTISPPNTGSPN5VSLFZ
'PPE$IFNJTUSZ
m
%FTDIBNQT +3)POHPTTJMWFTUSFTDPNFTUJCMFTEFM.&3$0463DPOWBMPSHBTUSPONJDP
%PDVNFOUPTEFUSBCBKP/P6OJWFSTJEBEEF#FMHSBOP "SHFOUJOBQHT
%JBNBOEJT 4$POTFSWBUJPOPGGVOHJJO(SFFDF&O$1FSJOJ FE$POTFSWBUJPOPG
'VOHJ QHTm4JFOB *UBMJB 6OJWFSTJEBEEFMPT&TUVEJPTEF4JFOB
%JEVLI *".VTISPPNTJOGPMLNFEJDJOFPGUIFFBTUFSO4MBWT*OUFSOBUJPOBM+PVSOBM
PG.FEJDJOBM.VTISPPNT

%POH .Z4IFO "4UVEJFTPO-BDUBSJVTDBNQIPSBUVT#JPMPHJDBMDIBSBDUFSJTUJDT
PG-DBNQIPSBUVT;IPOHHVP4IJZPOHKVO &EJCMFGVOHJPG$IJOBBCJNPOUIMZKPVSOBM

m
%VDPVTTP . #B ".Z5IPFO %&DUPNZDPSSIJ[BMGVOHJBTTPDJBUFEXJUIOBUJWF
BOE QMBOUFE USFF TQFDJFT JO 8FTU "GSJDB B QPUFOUJBM TPVSDF PG FEJCMF NVTISPPNT &O
*3)BMM :8BOH ";BNCPOFMMJZ&%BOFMM FET&EJCMFFDUPNZDPSSIJ[BMNVTISPPNT
BOE UIFJS DVMUJWBUJPO "DUBT EF MB TFHVOEB DPOGFSFODJB JOUFSOBDJPOBM TPCSF MPT IPOHPT
NJDPSS[JDPT DPNFTUJCMFT +VMJP $ISJTUDIVSDI $%30. $ISJTUDIVSDI /FX
;FBMBOE*OTUJUVUFGPS$SPQBOE'PPE3FTFBSDI-JNJUFE
%VELB *" Z 8BTTFS 41 )POHPT 6O MJCSP EF SFGFSFODJBT QBSB MPT NJDMPHPT Z
SFDPMFDUPSFTEFIPOHPT FOSVTP
,JFW /BVLPWB%VNLB1SFTTQHT
%ZLF "+Z/FXUPO "$$PNNFSDJBMIBSWFTUJOHPGXJMENVTISPPNTJO4DPUUJTI
GPSFTUTJTJUTVTUBJOBCMF 4DPUUJTI'PSFTUSZ
m
&HMJ 4 "ZFS 'Z$IBUFMBJO '%JF#FTDISFJCVOHEFS%JWFSTUBUWPO.BLSPNZ[FUFO
&SGBISVOHFO BVT QJM[POLPMPHJTDIFO -BOH[FJUTUVEJFO JN 1JM[SFTFSWBU -B $IBOB[ '3
.JDPMPHB)FMWUJDB
m
#JCMJPHSBGB
&MDIJCBFW "" 4FEPCOZF HSJCZ ,JSHJ[JJ <)POHPT DPNFTUJCMFT EF ,JSHIJ[ 443>
,JSHJ[TLPJ443 *[EBUFMTUWP"LBEFNJJ/BVLQHT
&SFJGFK ,* Z "M3BEEBE ". *EFOUJGJDBUJPO BOE RVBMJUZ FWBMVBUJPO PG UXP XJME
NVTISPPNTJOSFMBUJPOUP"HBSJDVTCJTQPSVTGSPN+PSEBO&O-7BO(SJFOTWFO FE4DJFODF
BOE DVMUJWBUJPO PG FEJCMF GVOHJ QHT m "DUBT EFM $POHSFTP *OUFSOBDJPOBM
TPCSF MB $JFODJB Z $VMUJWBDJO EF MPT )POHPT $PNFTUJCMFT .BBTUSJDIU 1BTFT #BKPT
mEFNBZPEF
&SUSVH '"OFUIOPCPUBOJDBMTUVEZJO$FOUSBM"OBUPMJB 5VSLFZ
&DPOPNJD#PUBOZ

m
&ULJO /- Z +PIOT 5 A1IBSNBGPPET BOE A/VUSJDFVUJDBMT QBSBEJHN TIJGUT JO
CJPUIFSBQFVUJDT &O )7 1SFOEFSHBTU /- &ULJO %3 )BSSJT Z 1+ )PVHIUPO FET
1MBOUTGPSGPPEBOENFEJDJOF QHTm,FX -POESFT +BSEJOFT#PUOJDPT3FBMFT
&WBOT -8IZTPNBOZQPJTPOJOHTJO3VTTJB DBSUBT
+PVSOBMPG8JME.VTISPPNJOH

'"0 B $PTFDIB EF IPOHPT FO MB 7** SFHJO EF $IJMF &TUVEJP NPOPHSGJDP EF
FYQMPUBDJOGPSFTUBMm3PNB '"0QHT
'"0C$PNFSDJPJOUFSOBDJPOBMEFQSPEVDUPTGPSFTUBMFTOPNBEFSFSPTSFTVNFO QPS.
*RCBM%PDVNFOUPTEF5SBCBKP.JTD3PNB QHT
'"0 B 1SJODJQBMFT QSPEVDUPT GPSFTUBMFT OP NBEFSFSPT FO $IJMF QPS + $BNQPT
4BOUJBHP
'"0 C /POXPPE GPSFTU QSPEVDUT GSPN DPOJGFST QPS 8. $JFTMB 1SPEVDUPT
'PSFTUBMFTOP.BEFSFSPT3PNBQHT
'"0 B &WBMVBDJO EF MPT SFDVSTPT EF QSPEVDUPT GPSFTUBMFT OP NBEFSFSPT FYQFSJFODJB
ZQSJODJQJPTCJPNUSJDPT1PS+8POH ,5IPSOCFSZ/#BLFS1SPEVDUPT'PSFTUBMFTOP
.BEFSFSPT3PNBQHT
'"0C1SPEVDUPTGPSFTUBMFTOPNBEFSFSPTFOGSJDBQFSTQFDUJWBOBDJPOBMZSFHJPOBM
CZ48BMUFS3PNBQHT
'ESBUJPO'SBOBJTFEFT5SVGGJDVMUFVST4DJFODFFUDVMUVSFEFMBUSVGGF"DUBTEFM7
$POHSFTP*OUFSOBDJPOBM mEFNBS[PEF "JYFO1SPWFODF 'SBODJBQHT
'JEBMHP 0Z1SBODF (55IFFUIOPNZDPMPHZPGUIF4BOBNB*OEJBOT .JDPMPHB

m
'JMJQPW % .VTISPPN TFBTPO IBT 3VTTJBOT JO GVOHJ GSFO[Z #PTUPO (MPCF EF
TFQUJFNCSFEF
'MPSFT 3 #SBO .E$ Z )POSVCJB . &EJCMF NZDPSSIJ[BM NVTISPPNT PG UIF
XFTU )JHIMBOE (VBUFNBMB &O *3 )BMM : 8BOH " ;BNCPOFMMJ Z & %BOFMM FET
&EJCMFFDUPNZDPSSIJ[BMNVTISPPNTBOEUIFJSDVMUJWBUJPO"DUBTEFMBTFHVOEBDPOGFSFODJB
JOUFSOBDJPOBMTPCSFMPTIPOHPTNJDPSS[JDPTDPNFTUJCMFT+VMJP $ISJTUDIVSDI$%
30.$ISJTUDIVSDI /FX;FBMBOE*OTUJUVUFGPS$SPQBOE'PPE3FTFBSDI-JNJUFE
'SBODP.PMBOP " "MEBOB(NF[ 3 Z )BMMJOH 3& 4FUBT EF $PMPNCJB
"HBSJDBMFT #PMFUBMFT Z PUSPT IPOHPT (VB EF $BNQP .FEFMMO $PMPNCJB
$0-$*&/$*"4 6OJWFSTJEBEEF"OUJPRVJBQHT
'SBORVFNPOU $ 1MPXNBO 5 'SBORVFNPOU & ,JOH 43 /JF[HPEB $ %BWJT 8
Z4QFSMJOH $3-BFUOPCPUOJDBEF$IJODIFSP VOBDPNVOJEBEBOEJOBBMTVSEF
1FS'JFMEJBOB
m
(BNVOE * Z )PSBL & )POHPT EF MPT CPTRVFT BOEJOPQBUBHPOFT #VFOPT "JSFT
7[RVF[.B[[JOJ&EJUPSFTQHT
(BSEF[J 3" "HBSJD GVOHJ GSPN 3BXBMBLPU "[BE ,BTINJS 4BSIBE +PVSOBM PG
"HSJDVMUVSF
m
(FDBO +4Z$JDIPXJD[ 4.5PYJDNVTISPPNDPOUBNJOBUJPOPGXJMENVTISPPNT
JODPNNFSDJBMEJTUSJCVUJPO+PVSOBMPG'PPE1SPUFDUJPO
m
(POH $-Z1FOH (1$VMUVSFPG$PSEZDFQTNJMJUBSJTPO$IJOFTFTJMLXPSNTBOE
UIFBOBMZTJTPGJUTDPNQPOFOUT;IPOHHVP4IJZPOHKVO )POHPT$PNFTUJCMFTEF$IJOBB
CJNPOUIMZKPVSOBM

m

(SVOFSU )Z(SVOFSU 3(PNCL<4FUBT>#VEBQFTU .BHZBS,POZWLMVC

(S[ZNBMB 4-FTSFDIFSDIFTTVSMBGSRVFODFEFTJOUPYJDBUJPOTQBSMFTDIBNQJHOPOT
#VMM.FE-HBMF
m
(S[ZXOPXJD[ , .FEJDJOBM NVTISPPNT JO 1PMJTI GPML NFEJDJOF *OUFSOBUJPOBM
+PVSOBMPG.FEJDJOBM.VTISPPNT
(VOBUJMMFLF *"6/ (VOBUJMMFLF $74Z"CFZHVOBXBSEFOB 1*OUFSEJTDJQMJOBSZ
SFTFBSDIUPXBSETNBOBHFNFOUPGOPOUJNCFSGPSFTUSFTPVSDFTJOMPXMBOESBJOGPSFTUTPG
4SJ-BOLB&DPOPNJD#PUBOZ
m
(VOBXBO "86TBIBQFNCJCJUBOKBNVS<IPOHPTFODSFDJNJFOUP>:BLBSUB 1FOFCBS
4XBEBZBQHT
(V[NO (-PTOPNCSFTEFMPTIPOHPTZMPSFMBDJPOBEPDPOFMMPTFO"NSJDB-BUJOB
JOUSPEVDDJO B MB FUOPNJDPCJPUB Z NJDPMPHB BQMJDBEB EF MB SFHJO 4JOPOJNJB WVMHBS Z
DJFOUGJDB
+BMBQB 7FSBDSV[ $0/"#*0m*OTUJUVUPEF&DPMPHB
(V[NO ( .FEJDJOBM GVOHJ JO .FYJDP USBEJUJPOT NZUIT BOE LOPXMFEHF
*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT

)BMM *Z8BOH :5SVGGMFTBOEPUIFSFEJCMFNZDPSSIJ[BMNVTISPPNTmTPNFOFX
DSPQTGPSUIFTPVUIFSOIFNJTQIFSF&O*3)BMM :8BOH ";BNCPOFMMJZ&%BOFMM FET
&EJCMFFDUPNZDPSSIJ[BMNVTISPPNTBOEUIFJSDVMUJWBUJPO"DUBTEFMBTFHVOEBDPOGFSFODJB
JOUFSOBDJPOBM TPCSF MPT IPOHPT FDUPNJDPSS[JDPT DPNFTUJCMFT +VMJP $ISJTUDIVSDI
$%30.$ISJTUDIVSDI /FX;FBMBOE*OTUJUVUFGPS$SPQBOE'PPE3FTFBSDI-JNJUFE
)BMM * ;BNCPOFMMJ "Z1SJNBWFSB &&DUPNZDPSSIJ[BMGVOHJXJUIFEJCMFGSVJUJOH
CPEJFT5VCFSNBHOBUVN 5VCFSBDFBF&DPOPNJD#PUBOZ
m
)BMM *3 #VDIBOBO 1, 8BOH : Z $PMF "-+ B &EJCMF BOE QPJTPOPVT
NVTISPPNT BO JOUSPEVDUJPO $ISJTUDIVSDI /FX ;FBMBOE *OTUJUVUF GPS $SPQ BOE 'PPE
3FTFBSDI-JNJUFEQHT
)BMM *3 -ZPO "+& 8BOH :Z4JODMBJS -C&DUPNZDPSSIJ[BMGVOHJXJUIFEJCMF
GSVJUJOHCPEJFT#PMFUVTFEVMJT&DPOPNJD#PUBOZ
m
)BMM *3 4UFQIFOTPO 4 #VDIBOBO 1 8BOH : Z $PMF "-+ &EJCMF BOE
QPJTPOPVTNVTISPPNTPGUIFXPSME1PSUMBOE 0SFHPO &&66 5JNCFS1SFTT
)BMMJOH 3& 3FDPNNFOEBUJPOT GPS DPMMFDUJOH NVTISPPNT &O ./ "MFYJBEFT
4FMFDUFE HVJEFMJOFT GPS FUIOPCPUBOJDBM SFTFBSDI B GJFME NBOVBM QHT m /VFWB
:PSL &&66 +BSEO#PUOJDPEF/VFWB:PSL
)SLOFO .5SBJOJOHQFPQMFUPDPMMFDUBOETFMMOBUVSBMQSPEVDUTJO'JOMBOE"DUB
#PUBOJDB'FOOJDB
m
)SLOFO ."OFUIOPNZDPMPHJDBMBQQSPBDIUP5BO[BOJBOTQFDJFTPG"NBOJUB"DUB
6OJWFSTJUBT6QQTBMB4ZNC#PU6QT
m
)SLOFO .6TFTPGNVTISPPNTCZ'JOOTBOE,BSFMJBOT*OUFSOBUJPOBM+PVSOBMPG
$JSDVNQPMBS)FBMUI
m
)SLOFO . 5IF GBCVMPVT GPSFTUT PG 4PVUIFSO $IJOB BT B DPPQFSBUJWF GJFME PG
FYQMPSBUJPO6OJWFSTJUBT)FMTJOHJFOTJT <9*9>m
)SLOFO .3FDPMFDDJOEFIPOHPTFO5BO[BOJBZ)VOBO TVSEF$IJOB
TBCJEVSB
IFSFEBEB Z GPMLMPSF EF EPT DVMUVSBT EJGFSFOUFT &O 3 8BUMJOH +$ 'SBOLMBOE ".
"JOTXPSUI 4*TBBDZ$)3PCJOTPO FET5SPQJDBMNZDPMPHZ 7PM.BDSPNZDFUFT QHT
m8BMMJOHGPSE 3FJOP6OJEP $"#*OUFSOBUJPOBM
)SLOFO . Z +SWJOFO * &WBMVBUJPO PG DPVSTFT GPS NVTISPPN BEWJTPST JO
'JOMBOE"RVJMP 4FS#PUBOJDB m
)SLOFO . /JFNFM 5Z.XBTVNCJ -5BO[BOJBONVTISPPNT&EJCMF IBSNGVM
BOEPUIFSGVOHJ /PSSMJOFB)FMTJOLJ .VTFP#PUOJDP .VTFP'JOMBOETEF)JTUPSJB
/BUVSBMQHT
)SLOFO . 4BBSJNLJ 5Z.XBTVNCJ -B&EJCMFBOEQPJTPOPVTNVTISPPNTPG
5BO[BOJB5IF"GSJDBO+PVSOBMPG.ZDPMPHZBOE#JPUFDIOPMPHZ
m
)SLOFO . 4BBSJNLJ 5 Z .XBTVNCJ - C 5BO[BOJBO NVTISPPNT BOE UIFJS
VTFT4PNFSFEEJTIFEJCMFBOEQPJTPOPVT"NBOJUBTQFDJFT,BSTUFOJB
m
#JCMJPHSBGB
)SLOFO . 4BBSJNLJ 5 Z .XBTVNCJ - &EJCMF NVTISPPNT PG 5BO[BOJB
,BSTUFOJB TVQQMFNFOU
)SLOFO . 4BBSJNLJ 5 .XBTVNCJ -Z/JFNFMB 5$PMFDDJOEFMQBUSJNPOJP
NJDPMHJDPEF5BO[BOJBDPNPGPSNBEFDPPQFSBDJOBMEFTBSSPMMPFOUSFMBTVOJWFSTJEBEFT
EF)FMTJOLJZ%BSFT4BMBBN"RVJMP 4FS#PUBOJDB
m
)BSTI /4, 3BJ #,Z"ZBDIJ 44'PSFTUGVOHJBOEUSJCBMFDPOPNZmBDBTFTUVEZ
JO#BJHBUSJCFPG.BEIZB1SBEFTI<*OEJB>+PVSOBMPG5SPQJDBM'PSFTUSZ
m
)BSTI /4, 3BJ #, Z 4POJ 7, 4PNF FUIOPNZDPMPHJDBM TUVEJFT GSPN
.BEIZB 1SBEFTI *OEJB &O + 4JOHI Z ,3 "OFKB FET 'SPN FUIOPNZDPMPHZ UP GVOHBM
CJPUFDIOPMPHZ QHTm/VFWB:PSL &&66 1MFOVN1SFTT
)BSTI /4, 5JXBSJ $,Z3BJ #,'PSFTUGVOHJJOUIFBJEPGUSJCBMXPNFOPG
.BEIZB1SBEFTI<*OEJB>4VTUBJOBCMF'PSFTUSZ
m
)B[BOJ & 5BJUFMNBO 6Z4BTIB 4."NBOJUBWFSOBQPJTPOJOHJO*TSBFMmJOGPSNF
EF VO DBTP SBSP GVFSB EFM UJFNQP Z EFM FTQBDJP "SDIJWFT PG 5PYJDPMPHZ 4VQMFNFOUP
m
)F 9 7FSQB CPIFNJDB m B TFMEPN LOPXO BOE EFMJDJPVT FEJCMF GVOHVT ;IPOHHVP
4IJZPOHKVO )POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

)FEHFS +4VJMMVTMVUFVTPOUIF&RVBUPS#VMMFUJOPGUIF#SJUJTI.ZDPMPHJDBM4PDJFUZ

m
)FJN 3 /PUF TVDDJODUF TVS MFT DIBNQJHOPOT BMJNFOUBJSFT EFT (BETVQ /PVWFMMF
(VJOF$BIJFSTEV1BDJGJRVF
m
)FZOF , %F /VUUJHF 1MBOUFO WBO /FEFSMBOETDI *OEJF F <MBT QMBOUBT UJMFT EF
MBT JOEJBT PSJFOUBMFT IPMBOEFTBT> WPMT #BUBWJB %VUDI &BTU *OEJFT %FQBSUFNFOU WBO
-BOECPVX /JKWFSIFJEFO)BOEFMQHT
)FUUVMB " .VTISPPNT JO BODJFOU (SFFDF BOE 3PNF 0QVTDVMB *OTUJUVUJ 3PNBOJ
'JOMBOEJBF
m
)PCCT $.FEJDJOBMNVTISPPNTBOFYQMPSBUJPOPGUSBEJUJPO IFBMJOH BOEDVMUVSFB
FEJDJO4BOUB$SV[$" &&66#PUBOJDB1SFTTQHT
)VBOH //FXNFUIPEPGJODSFBTJOHQSPEVDUJPOPO3IJ[PQPHPOQJDFVTJOUIFTPVUI
PG'VKJBO1SPWJODF;IPOHHVP4IJZPOHKVO )POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZ
KPVSOBM
PWFSBMM/P

)VBOH /&EJCMFGVOHJDZDMPQFEJB#FJKJOH "HSJDVMUVSBM1VCMJTIJOH)PVTFPG$IJOB
QHT
*NB[FLJ 3 0UBOJ : )POHP 5 *[BXB .Z.J[VOP /'VOHJPG+BQBO5PLZP
:BNBLFJ
*PSEBOPW % 7BOFW 4(:'BLJSPWB 7*(VCJUFW#VMHBSJZB0QSFEFMJUFMOBOBJ
SB[QSPTUSBOFOJUFZBEMJWJJPUSPWOJHVCJ<)POHPTEF#VMHBSJBDMBWFTQBSBMBJEFOUJGJDBDJO
EF MPT IPOHPT DPNFTUJCMFT Z WFOFOPTPT NT BNQMJBNFOUF EJTUSJCVJEPT> 4PGB *[EWP OB
#VMH"LBEOB/BVLJUF
*TJMPHMV . Z 8BUMJOH 3 .BDSPNZDFUFT PG .FEJUFSSBOFBO 5VSLFZ &EJOCVSHI
+PVSOBMPG#PUBOZ
m
*WBODFWJD #$POTFSWBUJPOPGGVOHJJO:VHPTMBWJB&O$1FSJOJ FE$POTFSWBUJPOPG
GVOHJ QHTm4JFOB *UBMJB 6OJWFSTJEBEEFMPT&TUVEJPTEF4JFOB
+BDPCTPO ,..BDSPGVOHBMFDPMPHZJOUIF/BNJCEFTFSUBGSVJUGVMPSGVUJMFTUVEZ
.D*MWBJOFB
m
+BMLBOFO 3Z+BMLBOFO &4UVEJFTPOUIFFGGFDUTPGTPJMTVSGBDFUSFBUNFOUTPODSPQPG
GBMTFNPSFM (ZSPNJUSBFTDVMFOUB
JOTQSVDFGPSFTUT,BSTUFOJB TVQMFNFOUP
m
+POFT &#(Z-JN (&EJCMFNVTISPPNTJO4JOHBQPSFBOEPUIFSTPVUIFBTU"TJBO
DPVOUSJFT.ZDPMPHJTU m
+POFT &#( 8IBMMFZ "+4Z)ZXFM+POFT /-"GVOHVTGPSBZUP$IJBOH.BJ
NBSLFUJO/PSUIFSO5IBJMBOE.ZDPMPHJTU
m
,BMBNFFT ,Z4JMWFS 4'VOHBMQSPEVDUJWJUZPGQJOFIFBUITJO/PSUI8FTU&TUPOJB
"DUB#PUBOJDB'FOOJDB
m

,BMJOPXTLJ . 1SPEVDUPT GPSFTUBMFT OP NBEFSFSPT FO 1PMPOJB &O )( -VOE #
1BKBSJ Z . ,PSIPOFO FET 4VTUBJOBCMF EFWFMPQNFOU PG OPOXPPE HPPET BOE CFOFGJUT
GSPN CPSFBM BOE DPME UFNQFSBUF GPSFTUT QHT m "DUBT EFM 5BMMFS *OUFSOBDJPOBM
+PFOTVV 'JOMBOEJB mEFFOFSPEF&'*1SPDFFEJOHT /P
,BMPUBT " "CPSJHJOBM LOPXMFEHF BOE VTF PG GVOHJ &O 'VOHJ PG "VTUSBMJB 7PM
# *OUSPEVDUJPO m 'VOHJ JO UIF FOWJSPONFOU QHT m $BOCFSSB &TUVEJP EF MPT
3FDVSTPT#JPMHJDPT"VTUSBMJBOPT
,BTJL (Z0[UVSL $"MHVOPTIPOHPTDPNFTUJCMFT OPDPNFTUJCMFTZWFOFOPTPTEF
"LTBSZ<FOUVSDP>5VSLJTI+PVSOBMPG#PUBOZ
m
,BUFOEF "# 4FHBXB 1Z#JSOJF "8JMEGPPEQMBOUTBOENVTISPPNTPG6HBOEB
/BJSPCJ 3FHJPOBM-BOE.BOBHFNFOU6OJU "HFODJB4VFDBEF$PPQFSBDJO*OUFSOBDJPOBM
QBSBFM%FTBSSPMMPQHT
,BVM 5/$POTFSWBUJPOPGNVTISPPNSFTPVSDFTJO*OEJB.VTISPPN3FTFBSDI

m
,BXBHPF 4 5IF NBSLFU GVOHJ PG +BQBO 5SBOTBDUJPOT PG UIF #SJUJTI .ZDPMPHJDBM
4PDJFUZ
m
,FFXBZEJOPRVBZ1VIQPIXFFGPSUIFQFPQMFBOBSSBUJWFBDDPVOUPGTPNFVTFTPGGVOHJ
BNPOH UIF "IOJTIJOBBCFH %FLBMC *MMJOPJT &&66 -&14 1SFTT /PSUIFSO *MMJOPJT
6OJWFSTJUZQHT
,JHFS $+&UVEFEFMBDPNQPTJUJPODIJNJRVFFUEFMBWBMFVSBMJNFOUBJSFEFFTQDFT
EFDIBNQJHOPOTTVQSJFVST3FWVFEF.ZDPMPHJF
m
,JN :4Z,JN 44*MMVTUSBUFE,PSFBONVTISPPNT4FPVM :VQPPOH1VCMQHT
,JSL 1. $BOOPO 1' %BWJE +$ Z 4UBMQFST +" %JDUJPOBSZ PG UIF GVOHJ
FEJDJO8BMMJOHGPSE 3FJOP6OJEP $"#*OUFSOBUJPOBMQHT
,PJTUJOFO 3 5IF DPNNFSDJBM NVTISPPN ZJFME JO /PSUIFSO 'JOMBOE JO
,BSTUFOJB TVQMFNFOUP
m
,PP $% Z #JMFL &. 'JOBODJBM BOBMZTJT PG WFHFUBUJPO DPOUSPM GPS TVTUBJOBCMF
QSPEVDUJPOPG4POHZJ 5SJDIPMPNBNBUTVUBLF
JO,PSFB+PVSOBMPG,PSFBO'PSFTU4PDJFUZ

m
,PWBMFOLP "5IFQSFTFOUTUBUFPGUIFDPOTFSWBUJPOPGGVOHJJO3VTTJB&O$1FSJOJ
FE $POTFSWBUJPO PG GVOHJ QHT m 4JFOB *UBMJB 6OJWFSTJEBE EF MPT &TUVEJPT EF
4JFOB
,SFVMB . 4BBSJWJSUB .Z,BSBOLP 4-0OUIFDPNQPTJUJPOPGOVUSJFOUTJOXJME
BOEDVMUJWBUFENVTISPPNT,BSTUFOJB m
,SPFHFS 1.VTISPPNTJNQPSUFECZ(FSNBOZ.ZDFOB/FXT

,VKBMB . 5FO ZFBST PG JORVJSJFT PO UIF CFSSZ BOE NVTISPPN ZJFMET JO 'JOMBOE
m"DUB#PUBOJDB'FOOJDB
m
,ZUPWVPSJ * 5IF 5SJDIPMPNB DBMJHBUVN HSPVQ JO &VSPQF BOE /PSUI "GSJDB
,BSTUFOJB
m
-BNQF ,' Z "NNJSBUJ +' )VNBO QPJTPOJOH CZ NVTISPPNT JO UIF HFOVT
$PSUJOBSJVT.D*MWBJOFB
m
-BV 0.FUIPETPGDIFNJDBMBOBMZTJTPGNVTISPPNT&O45$IBOHZ5)2VJNJP
FET5SPQJDBMNVTISPPNT#JPMPHJDBMOBUVSFBOEDVMUJWBUJPONFUIPET QHTm)POH
,POH $IJOFTF6OJWFSTJUZ1SFTT
-BXSZOPXJD[ -$POTFSWBUJPOPGGVOHJJO1PMBOE&O$1FSJOJ FE$POTFSWBUJPOPG
GVOHJ QHTm4JFOB *UBMJB 6OJWFSTJEBEEFMPT&TUVEJPTEF4JFOB
-FHH ":PVSUPQUXFOUZGVOHJmUIFGJOBMMJTU.ZDPMPHJTU
m
-FPO(V[NO .' 4JMWB * Z -QF[ .( 1SPYJNBUF DIFNJDBM DPNQPTJUJPO
GSFF BNJOP BDJE DPOUFOUT BOE GSFF GBUUZ BDJE DPOUFOUT PG TPNF FEJCMF NVTISPPNT GSPN
2VFSUBSP .YJDP+PVSOBMPG"HSJDVMUVSBMBOE'PPE$IFNJTUSZ
m
-J ;1$PNQBSJTPOPGNFEJDJOBMFGGFDUCFUXFFOXJME(BOPEFSNBBQQMBOBUVNBOE
DVMUJWBUFE(BOPEFSNBMVDJEVN;IPOHHVP4IJZPOHKVO)POHPT$PNFTUJCMFTEF$IJOBB
CJNPOUIMZKPVSOBM

m
#JCMJPHSBGB
-JODPGG ( 5IFSF BSF POMZ B EP[FO CBTJD HSPVQT .VTISPPN UIF +PVSOBM PG 8JME
.VTISPPNJOH
m
-JODPGG ( Z .JUDIFM %) 5PYJD BOE IBMMVDJOPHFOJD NVTISPPN QPJTPOJOH "
IBOECPPL GPS QIZTJDJBOT BOE NVTISPPN IVOUFST /VFWB :PSL &&66 7BO /PTUSBOE
3FJOIPME$PNQBOZQHT
-JV 1( *OWFTUJHBUJPO PG UIF FEJCMF NVTISPPN SFTPVSDFT PG .U %BRJOH PG *OOFS
.POHPMJB;IPOHHVP4IJZPOHKVO<)POHPT$PNFTUJCMFTEF$IJOB>
m
-JV 81::BOH )3"OJOWFTUJHBUJPOPGNVTISPPNQPJTPOJOHJO/JOHIVBDPVOUZ
EVSJOHUIFMBTUZFBST$IJOFTF+PVSOBMPG1SFWFOUBUJWF.FEJDJOF
m
-PDRVJO . 6OF DIBOUFSFMMF DPNFTUJCMF EF MB $UF E*WPJSF )ZHSPQIPSPQTJT
NBOHFOPUJJTQOPW+"HSJD#PU5SPQ"QQM
m
-PHFNBOO ) "SHVFUB + (V[NO ( .POUPZB#FMMP - #BOEBMB.VP[ 7.:
EF-FO$IPDPPK 3&OWFOFOBNJFOUPNPSUBMQPSIPOHPTFO(VBUFNBMB3FWJTUB
.FYJDBOBEF.JDPMPHB
m
-QF[ (" $SV[ +..Z;BNPSB.BSUOF[ .$&WBMVBDJOEFMBQSPEVDDJO
EF IPOHPT DPNFTUJCMFT TJMWFTUSFT FO 4BO +VBO 5FUMB 1VFCMB $JDMP *O 3FVOJO
$JFOUGJDB'PSFTUBMZ"HSPQFDVBSJB QHTm$PZPDO .YJDP
-PXPSF +Z#PB &#PXBNBSLFUTMPDBMQSBDUJDFTBOEJOEJHFOPVTLOPXMFEHFPGXJME
FEJCMFGVOHJ&HIBN 3FJOP6OJEP $"#*#JPTDJFODF
-PXPSF + .VOUIBMJ $ Z #PB & #PXB NBSLFUJOH DIBOOFMT BOE JOEJHFOPVT
LOPXMFEHFJO.[JNCB%JTUSJDU .BMBXJ&HIBN 3FJOP6OJEP $"#*#JPTDJFODF
-PXZ #/FXSFDPSETPGNVTISPPNTUPOFTGSPN(VBUFNBMB.JDPMPHB
m
-PXZ #"NBOJUBNVTDBSJBBOEUIF5IVOEFSCPMUMFHFOEJO(VBUFNBMBBOE.FYJDP
.JDPMPHB
m
-VOE )( 1BKBSJ # Z ,PSIPOFO . 4VTUBJOBCMF EFWFMPQNFOU PG OPOXPPE
HPPETBOECFOFGJUTGSPNCPSFBMBOEDPMEUFNQFSBUFGPSFTUT"DUBTEFM5BMMFS*OUFSOBDJPOBM
+PFOTVV 'JOMBOE mEFFOFSPEF&'*1SPDFFEJOHT/P+PFOTTV 'JOMBOEJB
*OTUJUVUPEF#PTRVFT&VSPQFPT
.BMFODPO (Z#FSUBVMU 3'MPSFEFTDIBNQJHOPOTTVQSJFVSTEV.BSPDWPMNFOFT
3BCBU 'BDVMUBEEF$JFODJBT7PMQHT
.BMZJ -13FTPVSDFTPGFEJCMFGVOHJJO#FMPSVTTJB<#JFMPSSVTJB>BOEUIFQPTTJCJMJUZPG
UIFJSVUJMJ[BUJPO3BTUJUFMPOZF3FTVSTZ
m
.BP 9-)POHPTFDPONJDPTEF$IJOB FODIJOP
#FJKJOHQHT
.BP 9--PTNBDSPIPOHPTEF$IJOB#FJKJOH )FOBO4DJFODFBOE5FDIOPMPHZ1SFTT
QHT EJTQPOJCMFFOXXXIDFJTDPN

.BP 9-Z+JBOH $1&DPOPNJDNBDSPGVOHJPG5JCFU#FJKJOH #FJKJOH4DJFODFBOE
5FDIOPMPHZ1VCMJTIJOH)PVTFQHT
.BQFT $ (V[NO ( Z $BCFMMFSP + &MFNFOUT PG UIF 1VSFQFDIB NZDPMPHJDBM
DMBTTJGJDBUJPO+PVSOBMPG&UIOPCJPMPHZ
m
.BSLIBN 1 'VOHBM GPPE JO 'JKJ B TVTQJDJPVTMZ GBNJMJBS TUPSZ .ZDPMPHJTU

m
.BSMFT 3+ $MBWFMMF $ .POUFMFPOF - 5BZT /Z#VSOT %"CPSJHJOBMQMBOUVTFJO
$BOBEBTOPSUIXFTUCPSFBMGPSFTU7BODPVWFS $BOBE 6OJWFSTJEBEEF$PMPNCJB#SJUOJDB
.BSUOF[ " 0SJB EF 3VFEB +" Z .BSUOF[ 1 &TUVEJP TPCSF MB QPUFODJBMJEBE
EFMPTEJGFSFOUFTVTPTEFMCPTRVFQBSBMBDSFBDJOEFFNQMFPZBDUJWJEBEFDPONJDBFOFM
NFEJPSVSBMEF$BTUJMMB-FO*OGPSNFQBSBMB6OJWFSTJEBE+VOUBEF$BTUJMMBZ-FOZQBSB
FM'POEP4PDJBM&VSPQFPQHT
.BSUOF[$BSSFSB % "HVJMBS " .BSUOF[ 8 .PSBMFT 1 4PCBM . #POJMMB .
Z -BSRVF4BBWFESB " 6O NPEFMP TPTUFOJCMF QBSB MB QSPEVDDJO EF IPOHPT
DPNFTUJCMFTFO.YJDP.JDPMPHB/FPUSPQJDBM"QMJDBEB
m
.BSUOF[$BSSFSB % #POJMMB . .BSUOF[ 8 4PCBM . "HVJMBS " Z 1FMMJDFS
(PO[MF[ & $BSBDUFSJ[BDJO Z DVMUJWBDJO EF MBT FTQFDJFT TJMWFTUSFT "HBSJDVT FO
.YJDP.JDPMPHB"QMJDBEB*OUFSOBDJPOBM
m

.BSUOF[$BSSFSB % 7FSHBSB ' +VSF[ 4 "HVJMBS " 4PCBM . .BSUOF[ 8 Z

-BSRVF4BBWFESB " 5FDOPMPHB TFODJMMB QBSB FM FOMBUBEP EF IPOHPT DVMUJWBEPT
DPNFTUJCMFT FO DPOEJDJPOFT SVSBMFT FO .YJDP .JDPMPHB /FPUSPQJDBM "QMJDBEB

m
.BSUOF[$BSSFSB % .PSBMFT 1 1FMMJDFS(PO[MF[ & -FO ) "HVJMBS " 3BNSF[
1 0SUFHB 1 -BSHP " #POJMMB . Z (NF[ . &TUVEJPT TPCSF MB HFTUJO
USBEJDJPOBMZFMQSPDFTBNJFOUPEFMPTNBUTVUBLFTFO0BYBDB .YJDP.JDPMPHB"QMJDBEB
*OUFSOBDJPOBM
m
.BSUOF[EF"SBHO + 'MPSJU &Z$PMJOBT $1SPEVDDJOEFTFUBTNJDPSS[JDBTZ
DPNFTUJCMFTFOMBDPNBSDBEFM4PMTPOFTFO*O***'PSVNEF1PMUJDB'PSFTUBM QHT
m4PMTPOB -MFJEB
$FOUSP5FDOPMHJDP'PSFTUBMEF$BUBMVB
.BSUJOT " #BQUJTUB 1 4PVTB .+ .FJSFMFT 5Z1BJT .4&EJCMFNZDPSSIJ[BM
GVOHJXJUI$BTUBOFBTBUJWBUSFFTJOUIFOPSUIFBTUPG1PSUVHBM&O*3)BMM :8BOH "
;BNCPOFMMJ Z & %BOFMM FET &EJCMF FDUPNZDPSSIJ[BM NVTISPPNT BOE UIFJS DVMUJWBUJPO
"DUBT EF MB TFHVOEB DPOGFSFODJB JOUFSOBDJPOBM TPCSF MPT IPOHPT FDUPNJDPSS[JDPT
DPNFTUJCMFT+VMJP $ISJTUDIVSDI$%30.$ISJTUDIVSDI /FX;FBMBOE*OTUJUVUF
GPS$SPQBOE'PPE3FTFBSDI-JNJUFE
.BUB (*OUSPEVDDJOBMBFUOPNJDPMPHBNBZBEF:VDBUO FMDPOPDJNJFOUPEFMPT
IPOHPTFO1JYPZ 7BMMBEPMJE3FWJTUB.FYJDBOBEF.JDPMPHB
m
.BUB ..BDSPIPOHPTEF$PTUB3JDB7PMVNFO4BOUP%PNJOHPEF)FSFEJB $PTUB
3JDB*/#*0QHT
.BUB . )BMMJOH 3 Z .VFMMFS (. .BDSPIPOHPT EF $PTUB 3JDB 7PMVNFO
4BOUP%PNJOHPEF)FSFEJB $PTUB3JDB*/#*0QHT
.BUB)JEBMHP . .BDSPIPOHPT EF $PTUB 3JDB 4BO +PT *OTUJUVUP /BDJPOBM EF
#JPEJWFSTJEBE
.BUTVL 51JDLJOHUISPVHI3VTTJBTGJFMEPGBVUVNO5IF3VTTJB+PVSOBM EF
TFQUJFNCSF
.D,FO[JF &)$$PMMFDUGVOHJPOTUBNQT-POESFT 4UBOMFZ(JCCPOT-UE
.D-BJO 3+ $ISJTUFOTFO ))Z4IBOOPO ."8IFOUIFBNBUFVSTBSFFYQFSUT
BNBUFVSNZDPMPHJTUTBOEXJMENVTISPPNQPMJUJDTJOUIF1BDJGJD/PSUIXFTU64"4PDJFUZ
GPS/BUVSBM3FTPVSDFT
m
.FJKFS ""3.ZDPMPHJDBMXPSLJOUIF#SB[JMJBOTUBUFPG1BSBO/PWB)FEXJHJB

m
.FOEP[B +.1IJMJQQJOFTNVTISPPNT1IJMJQQJOF+PVSOBMPG4DJFODF
m Z
JMVTUSBDJPOFT

.JMEI 65IFPSHBOJ[BUJPOGPSDPMMFDUJOHGPSFTUNVTISPPNTJO'JOMBOE,BSTUFOJB
TVQMFNFOUP
m
.JOUFS % $BOOPO 1' Z 1FSFEP )- &TQFDJFT TVEBNFSJDBOBT EF $ZUUBSJB VO
HSVQPJNQPSUBOUFZCPOJUPEFBTDPNJDFUPTDPNFTUJCMFT
.ZDPMPHJTU
m
.PMJOB 3 0%FMM 5 -VPNB % "NBSBOUIVT . $BTUFMMBOP . Z 3VTTFMM ,
#JPMPHZ FDPMPHZ BOE TPDJBM BTQFDUT PG XJME FEJCMF NVTISPPNT JO UIF GPSFTUT PG
UIF 1BDJGJD OPSUIXFTU B QSFGBDF UP NBOBHJOH DPNNFSDJBM IBSWFTU 1PSUMBOE 0SFHPO
&&66 %FQBSUBNFOUPEF"HSJDVMUVSBEFMPT&&66 4FSWJDJPT'PSFTUBMFT &TUBDJOEF
*OWFTUJHBDJOEFM1BDGJDP/PSPFTUFQHT
.PMJOB 3 7BODF / 8FJHBOE + 1JM[ % Z "NBSBOUIVT . 4QFDJBM GPSFTU
QSPEVDUT JOUFHSBUJOH TPDJBM FDPOPNJD BOE CJPMPHJDBM DPOTJEFSBUJPOT JOUP FDPTZTUFN
NBOBHFNFOU&O,,PIOZ+'SBOLMJO FET$SFBUJOHBGPSFTUSZGPSUIFTUDFOUVSZ5IF
TDJFODFPGFDPTZTUFNNBOBHFNFOU QHTm8BTIJOHUPO %$ *TMBOE1SFTT
.POUPZB&TRVJWFM "&UOPNJDPMPHBEF5MBYDBMB .YJDP.D*MWBJOFB
m
.POUPZB&TRVJWFM " &TUSBEB5PSSFT " ,POH " Z +VSF[4ODIF[ -
$PNNFSDJBMJ[BUJPO PG XJME NVTISPPNT EVSJOH NBSLFU EBZT PG 5MBYDBMB .YJDP
.JDPMPHB"QMJDBEB*OUFSOBDJPOBM
m
.PPSF ".FFUJOH"TJBOQJDLFST EJTQPOJCMFFOXXXNBUTJNBODPN

#JCMJPHSBGB
.PSFOP"SSPZP # 3FDJP +. (NF[ +Z1VMJEP &5VCFSPMJHPTQFSNVNGSPN

.PSPDDP.ZDPMPHJTU
m
.PSFOP'VFOUFT " $JGVFOUFT + #ZF 3 Z 7BMFO[VFMB 3 ,VUFNPLPB VO
IPOHP DPNFTUJCMF EF MPT JOEJPT 3BSBNVSJ EF .YJDP 3FWJTUB .FYJDBOB EF .JDPMPHB

m
.PSSJT #B.BDSPGVOHJPG.BMBXJTPNFFUIOPCPUBOJDBMOPUFT#VMMFUJOPGUIF#SJUJTI
.ZDPMPHJDBM4PDJFUZ
m
.PSSJT #C&MQSBHNBUJTNPEFMBDMBTJGJDBDJOQPQVMBS+PVSOBMPG&UIOPCJPMPHZ

m
.PSSJT #$PNNPONVTISPPNTPG.BMBXJ0TMP 'VOHJGMPSBQHT
.PSSJT #.VTISPPNTGPSNFEJDJOF NBHJDBOENVODIJOH/ZBMB
m
.PSSJT # #PXB &UIOPNZDPMPHJDBM OPUFT PO UIF NBDSPGVOHJ PG .BMBXJ &O +)
4FZBOJZ"$$IJLVOJ FET"DUBTEFM9***NJUJOQMPFOBSJPEF"&5'"5
m
;PNCB .BMBXJ mEFBCSJMEF;PNCB .BMBXJ )FSCBSJP/BDJPOBMZ+BSEJOFT
#PUOJDPTEF.BMBXJ
.TIJHFOJ ,& Z $IBOH 45 FET " HVJEF UP TVDDFTTGVM NVTISPPN GBSNJOH XJUI
FNQIBTJT PO UFDIOPMPHJFT BQQSPQSJBUF BOE BDDFTTJCMF UP "GSJDBT SVSBM BOE QFSJVSCBO
DPNNVOJUJFT6/%16/014QSPZFDUPSFHJPOBM3"'8JOEIPFL 6OJWFSTJEBE
EF/BNJCJBQHT
.VTISPPN UIF+PVSOBMPG8JME.VTISPPNJOH(PBIFBEBOEFBUUIFN.BUTVUBLFBSF
OPUFOEBOHFSFE
m
/BNHZFM 1 -B IJTUPSJB EFM IPOHP EF #VEB 5SJDIPMPNB NBUTVUBLF .BOVTDSJUP
JOEJUP 5IJNQV #IVUBOQHT
/JFNFMB 5 Z 6PUJMB 1 -JHOJDPMPVT NBDSPGVOHJ GSPN 5VSLFZ BOE *SBO ,BSTUFOJB

m
/JFWFT3JWFSB ".0SJHJOPGNZDPQIBHZJOUIF8FTU*OEJFT*OPDVMVNOFXTMFUUFS
PGUIF.ZDPMPHJDBM4PDJFUZPG"NFSJDB
m
/PWFMMJOP %5IFPNJOPVTTXJUDIGSPNJOEJHFOPVTGPSFTUNBOBHFNFOUUPDPOTFSWBUJPO
mUIFDBTFPGUIF#BUBLPO1BMBXBO*TMBOE 1IJMJQQJOFT$PQFOIBHVF *8(*"
0CPEBJ . Z "QFUPSHCPS . "O FUIOPCPUBOJDBM TUVEZ PG NVTISPPN HFSNQMBTN
BOE JUT EPNFTUJDBUJPO JO UIF #JB #JPTQIFSF 3FTFSWF PG (IBOB *OGPSNF QSFTFOUBEP B MB
6/&4$0QPSNFEJPEFMB"HFODJBEF(IBOBQBSBMB1SPUFDDJOEFM.FEJP"NCJFOUF
"DDSB
0IFOPKB & .VTISPPNT BOE NVTISPPN ZJFMET JO GFSUJMJTFE GPSFTUT "DUB #PUBOJDB
'FOOJDB
m
0MMJLBJOFO 5 #FMBSVT GPSFTUSZ TUSBUFHJD QMBO BOE UIF OPOXPPE GPSFTU QSPEVDUT
&O )( -VOE # 1BKBSJ Z . ,PSIPOFO FET 4VTUBJOBCMF EFWFMPQNFOU PG OPOXPPE
HPPETBOECFOFGJUTGSPNCPSFBMBOEDPMEUFNQFSBUFGPSFTUT QHTm"DUBTEFM5BMMFS
*OUFSOBDJPOBM +PFOTVV 'JOMBOEJB mEFFOFSPEF&'*1SPDFFEJOHT /P

0TP #.VTISPPNTBOEUIF:PSVCBQFPQMFPG/JHFSJB.ZDPMPHJB
m
0TP #.VTISPPNTJO:PSVCBNZUIPMPHZBOENFEJDJOBMQSBDUJDFT&DPOPNJD#PUBOZ

m
1BBM 56UJMJTBUJPOBOESFTFBSDIPGOPOXPPEQSPEVDUTJOUIFGPSNFS4PWJFU6OJPO&O
)(-VOE #1BKBSJZ.,PSIPOFO FET4VTUBJOBCMFEFWFMPQNFOUPGOPOXPPEHPPETBOE
CFOFGJUTGSPNCPSFBMBOEDPMEUFNQFSBUFGPSFTUT QHTm"DUBTEFM5BMMFS*OUFSOBDJPOBM
1BBM 5 #BZBT TJMWFTUSFT Z SFDVSTPT NJDUJDPT FO &TUPOJB Z TV FYQMPUBDJO
.FUTBOEVTMJLVE6VSJNVTFE
m
1BBM 5 Z 4BBTUBNPJOFO 0 /POXPPE QMBOU QSPEVDUT JO &TUPOJBO GPSFTUT &O
)(-VOE #1BKBSJZ.,PSIPOFO FET4VTUBJOBCMFEFWFMPQNFOUPGOPOXPPEHPPET
BOE CFOFGJUT GSPN CPSFBM BOE DPME UFNQFSBUF GPSFTUT QHT m "DUBT EFM 5BMMFS
*OUFSOBDJPOBM +PFOTVV 'JOMBOEJB mEFFOFSP&'*1SPDFFEJOHT /P

1BLJTUBO&DPOPNJTU#SJHIUQSPTQFDUTGPSNVTISPPNFYQPSUT IPOHPTDPMNFOJMMB .

FTDVMFOUB

1BSFOU (Z5IPFO %'PPEWBMVFPGFEJCMFNVTISPPNTGSPN6QQFS4IBCBSFHJPO
&DPOPNJD#PUBOZ
m
1BSL 8)Z-FF )%,PSFBONVTISPPNT4FPVM ,ZP)BL4B
1BVMJ (2JOHZVBOUIFNVTISPPNDBQJUBMPGUIFXPSME EJTQPOJCMFFOXXX[FSJPSH
OFXTBVHVTUBVH@DIJOIUN

1BVMJ ( 4VTUBJOBCMF EFWFMPQNFOU JO UIF "NB[PO GPSFTU EJTQPOJCMF FO
XXX[FSJPSH

1FFSBMMZ " 5SJDIPMPNB TQFDUBCJMJT VO FYDFMFOUF IPOHP DPNFTUJCMF HJHBOUF EF
.BVSJDJP &O + %FMNBT FE .VTISPPN TDJFODF 9 QHT m "DUBT EFM %DJNP
$POHSFTP*OUFSOBDJPOBMTPCSF$JFODJBTZ$VMUJWBDJOEF)POHPT4JMWFTUSFT$PNFTUJCMFT

1FHMFS %/Z1JFBSDF (%-PTIPOHPTDPNFTUJCMFTEF;BNCJB,FX#VMMFUJO

m
1FHMFS %/Z7BOIBFDLF .5FSNJUPNZDFTEFMTVEFTUFBTJUJDP,FX#VMMFUJO
m
1FLLBSJOFO .Z.BMJSBOUB )1SFMJNJOBSZTUVEZPGUIFDPOTVNQUJPOPGNVTISPPNT
JO'JOMBOE,BSTUFOJB TVQMFNFOUP
m
1FSJOJ $FE$POTFSWBUJPOPGGVOHJJO&VSPQF"DUBTEFMNJUJOEFM$POTFKP&VSPQFP
QBSB MB DPOTFSWBDJO EF MPT IPOHPT 7JQJUFOP 4UFS[JOH *UBMJB
m EF TFQUJFNCSF EF
4JFOB *UBMJB 6OJWFSTJEBEEFMPT&TUVEJPTEF4JFOBQHT
1IJMMJQT 3 4IFBSFS - 3FJE %Z3BZOFS 3.VTISPPNTBOEPUIFSGVOHJPG(SFBU
#SJUBJOBOE&VSPQF-POESFT 1BOQHT
1JFBSDF (% )POHPT EF ;BNCJB m DPTUVNCSFT Z GPMLMPSF #VMMFUJO PG UIF #SJUJTI
.ZDPMPHJDBM4PDJFUZ
m
1JFBSDF (% -JWJOHTUPOF BOE GVOHJ JO USPQJDBM "GSJDB #VMMFUJO PG UIF #SJUJTI
.ZDPMPHJDBM4PDJFUZ
m
1JMU ".VTISPPNT-POESFT 4QSJOH#PPLTQHT
1JM[ %Z.PMJOB 3$PNNFSDJBMIBSWFTUPGFEJCMFNVTISPPNTGSPNUIFGPSFTUTPGUIF
1BDJGJD/PSUIXFTU6OJUFE4UBUFTJTTVFT NBOBHFNFOUBOENPOJUPSJOHGPSTVTUBJOBCJMJUZ
'PSFTU&DPMPHZBOE.BOBHFNFOU m
1JM[ % 4NJUI + "NBSBOUIVT .1 "MFYBOEFS 4 .PMJOB 3 Z -VPNB %
.VTISPPNT BOE UJNCFS .BOBHJOH DPNNFSDJBM IBSWFTUJOH JO UIF 0SFHPO $BTDBEFT
+PVSOBMPG'PSFTUSZm
1MVN 1.%FONBSLOPOXPPEGPSFTUSZJOBEFOTFMZQPQVMBUFEUFNQFSBUFDPVOUSZ
*OUFSOBDJPOBM +PFOTVV 'JOMBOEJB mEFFOFSPEF&'*1SPDFFEJOHT /P

1PQ "#SFWFJOGPSNFTPCSFMBDPOTFSWBDJOEFMPTIPOHPTFO3VNBOJB&O$1FSJOJ
FE$POTFSWBUJPOPGGVOHJ Q4JFOB *UBMJB 6OJWFSTJEBEEFMPT&TUVEJPTEF4JFOB
1SBODF ( 5IF VTF PG FEJCMF GVOHJ CZ "NB[POJBO *OEJBOT "EWBODFT JO &DPOPNJD
#PUBOZ
m
1SBTBE1 $IBVIBO , ,BOEBSJ -4 .BJLIVSJ 3, 1VSPIJU " #IBUU 31Z3BP
,4
.PSDIFMMB FTDVMFOUB OFFE GPS TDJFOUJGJD JOUFSWFOUJPO GPS JUT DVMUJWBUJPO JO
DFOUSBM)JNBMBZB$VSSFOU4DJFODF
m
1VSLBZBTUIB 31 Z $IBOESB " .BOVBM EF IPOHPT DPNFTUJCMFT /VFWB %FMIJ
5PEBZBOE5PNPSSPXT1SJOUFSTBOE1VCMJTIFST
3BJ #, "ZBDIJ 44 Z 3BJ " " OPUF PO FUIOPNZDPNFEJDJOFT GSPN $FOUSBM
*OEJB.ZDPMPHJTU
m
3BNNFMPP + -BT DPOUSJCVDJPOFT EFM KBSEO CPUOJDP OBDJPOBM EF #MHJDB B MB
NJDPMPHBFOGSJDB&O+)4FZBOJZ"$$IJLVOJ FET"DUBTEFM9***NJUJOQMFOBSJPEF
#JCMJPHSBGB
"&5'"5 ;PNCB .BMBXJ mEFBCSJMEF 7PM QHTm;PNCB .BMBXJ

)FSCBSJP/BDJPOBMZ+BSEJOFT#PUOJDPTEF.BMBXJ
3BNNFMPP + Z 8BMMFZO 3 5IF FEJCMF GVOHJ PG "GSJDB TPVUI PG UIF 4BIBSB B
MJUFSBUVSFTVSWFZ4DSJQUB#PUBOJDB#FMHJDB
m
3BVUBWBBSB 54VPNFOTJFOJTBUP4VNNBSZ4UVEJFTPOUIFNVTISPPNDSPQJO'JOMBOE
BOEJUTVUJMJTBUJPOy 8FSOFS4QFEFSTUSPN0TBLFZIUJP 'PSTTBO,JSKBQBJOP0Z
3FEIFBE 4"5IFQJOFNVTISPPNJOEVTUSZJO$BOBEBBOEUIF6OJUFE4UBUFTXIZJU
FYJTUTBOEXIFSFJUJTHPJOH&O*)$IBQFMBZ.&1BMNFET.ZDPMPHZJOTVTUBJOBCMF
EFWFMPQNFOU FYQBOEJOH DPODFQUT QHT m #PPO $BSPMJOB EFM /PSUF 1BSLXBZ
1VCMJTIFST
3FNPUUJ $%Z$PMBO +"*EFOUJGJDBDJOEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTFO
MPTCPTRVFTEF%BOUBT )VBOVDP3FWJTUB'PSFTUBMEFM1FS m
3FTIFUOJLPW 47 8BTTFS 41 Z 5BO ,, )JHIFS CBTJEJPNZDPUB BT B TPVSDF PG
"OUJUVNPVSBOEJNNVOPTUJNVMBUJOHQPMZTBDDIBSJEFT"SFWJFX*OUFSOBUJPOBM+PVSOBMPG
.FEJDJOBM.VTISPPNT
m
3FZHBEBT ' ;BNPSB.BSUOF[ .Z$JGVFOUFT +$POPDJNJFOUPTPCSFMPTIPOHPT
TJMWFTUSFTDPNFTUJCMFTFOMBTDPNVOJEBEFTEF"KVTDPZ5PQJMFKP%'3FWJTUB.FYJDBOBEF
.JDPMPHB
m
3FZOB 4 3PESHVF[#BSSFBM + 'PMDI - 1SF[#BEJB 3 (BSDB 4 Z +JNOF[ &
5SVGGMFTJMWJDVMUVSFJO.FEJUFSSBOFBOGPSFTUT&O*3)BMM :8BOH ";BNCPOFMMJ
Z & %BOFMM FET &EJCMF FDUPNZDPSSIJ[BM NVTISPPNT BOE UIFJS DVMUJWBUJPO "DUBT EF MB
4FHVOEBDPOGFSFODJBJOUFSOBDJPOBMTPCSFMPTIPOHPTFDUPNJDPSS[JDPTDPNFTUJCMFT+VMJP
EF $ISJTUDIVSDI$%30.$ISJTUDIVSDI /FX;FBMBOE*OTUJUVUFGPS$SPQBOE
'PPE3FTFBSDI-JNJUFE
3JDIBSET "-BOE -BCPVSBOE%JFUJO/PSUIFSO3IPEFTJB"OFDPOPNJDTUVEZPGUIF
#FNCBUSJCF-POEPO 3FJOP6OJEP 0YGPSE6OJWFSTJUZ1SFTT
3JDIBSET 35 Z $SFBTZ . &UIOJD EJWFSTJUZ SFTPVSDF WBMVFT BOE FDPTZTUFN
NBOBHFNFOU NBUTVUBLF NVTISPPN IBSWFTUJOH JO UIF ,MBNBUI CJPSFHJPO 4PDJFUZ BOE
/BUVSBM3FTPVSDFT
m
3JDIBSETPO %)4.FEJDJOBMBOEPUIFSFDPOPNJDBTQFDUTPGMJDIFOT&O.(BMVO
FE$3$IBOECPPLPOMJDIFOPMPHZ
m#BUPO3PVHF $3$
3JDIBSETPO %)4 -JDIFOT BOE NBO &O %- )BXLTXPSUI FE 'SPOUJFST JO
NZDPMPHZ QHTm8BMMJOHGPSE $"#*OUFSOBUJPOBM
3JFEMJOHFS 5+ FE 5IF TBDSFE NVTISPPN TFFLFS &TTBZT GPS 3 (PSEPO 8BTTPO
1PSUMBOE 0SFHPO &&66 %JPTDPSJEFT1SFTTQHT
3JGBJ . WBO 0WFSFFNT VOQVCMJTIFE JDPOFT PG *OEPOFTJBO FEJCMF GVOHJ &O +4
4JFNPOTNB Z / 8VMJHBSOJ4PFUKJQUP FET 1MBOU SFTPVSDFT PG 4PVUI&BTU "TJB QHT
m "DUBT EFM 1SJNFS 4JNQPTJP *OUFSOBDJPOBM 1304&" m EF NBZP EF
:BLBSUB8BHFOJOHFO 1BTFT#BKPT 16%0$1304&"
3JKTPPSU +7 Z 1JLVO ) 4FNJOBSJP JOUFSOBDJPOBM TPCSF MPT QSPEVDUPT GPSFTUBMFT
OP NBEFSBCMFT m $IJOB :VOOBO -BPT 7JFUOBN 4JNBP :VOOBO 13 $IJOB :VOOBO
6OJWFSTJUZ1SFTTQHT
3PESHVF[ +" -MBNBT'SBEF # 5FSSO"MGPOTP " 4ODIF[3PESHVF[ +"
(BSDB1SJFUP 0 "SSPKP.BSUO & Z +BSBVUB 51 (VB EF )POHPT EF MB
1FOOTVMB*CSJDBBFEJDJO-FO $FMBSBZO
3PKBT $ Z .BOTVS & &DVBEPS JOGPSNBDJPOFT HFOFSBMFT TPCSF QSPEVDUPT OPO
NBEFSFSPT FO &DVBEPS &O .FNPSJB DPOTVMUB EF FYQFSUPT TPCSF QSPEVDUPT GPSFTUBMFT OP
NBEFSFSPTQBSB"NSJDB-BUJOBZFM$BSJCF 1HTm4FSJF'PSFTUBM4BOUJBHP
'"00GJDJOB3FHJPOBMQBSB"NSJDB-BUJOBZFM$BSJCF
3PUIFSPF . 8JME GVOHJ BOE UIF DPOUSPWFSTZ PWFS DPMMFDUJOH GPS UIF QPU #SJUJTI
8JMEMJGF
m
3VULBVTLBT " /POXPPE SFTPVSDFT BOE UIFJS VUJMJTBUJPO JO -JUIVBOJB &O )(
-VOE # 1BKBSJ Z . ,PSIPOFO FET 4VTUBJOBCMF EFWFMPQNFOU PG OPOXPPE HPPET

BOE CFOFGJUT GSPN CPSFBM BOE DPME UFNQFSBUF GPSFTUT QHT m "DUBT EFM 5BMMFS
*OUFSOBDJPOBM +PFOTVV 'JOMBOEJB m+BOVBSZ&'*1SPDFFEJOHT /P
3ZWBSEFO - 1JFBSDF (% Z .BTVLB " "O JOUSPEVDUJPO UP UIF MBSHFS GVOHJ PG
4PVUI$FOUSBM"GSJDB0TMP 'VOHJGMPSB
4BBS .'VOHJJO,IBOUZGPMLNFEJDJOF+PVSOBMPG&UIOPQIBSNBDPMPHZ m
4BBTUBNPJOFO 0 'PSFTU QPMJDJFT BDDFTT SJHIUT BOE OPOXPPE GPSFTU QSPEVDUT JO
OPSUIFSO&VSPQF6OBTZMWB
m
4BBTUBNPJOFO 0 ,BOHBT + /BTLBMJ "Z4BMP ,/POXPPEGPSFTUQSPEVDUTJO
'JOMBOE TUBUJTUJDT FYQFSU FTUJNBUFT BOE SFDFOU EFWFMPQNFOU &O )( -VOE # 1BKBSJ
Z . ,PSIPOFO FET 4VTUBJOBCMF EFWFMPQNFOU PG OPOXPPE HPPET BOE CFOFGJUT GSPN
CPSFBMBOEDPMEUFNQFSBUFGPSFTUT 1HTm"DUBTEFM5BMMFS*OUFSOBDJPOBM +PFOTVV
'JOMBOEJB mEFFOFSPEF&'*1SPDFFEJOHT /P
4BCSB " Z 8BMUFS 4 /POXPPE GPSFTU QSPEVDUT JO UIF /FBS &BTU B SFHJPOBM BOE
OBUJPOBMPWFSWJFX%PDVNFOUPEFUSBCBKP'0183PNB '"0QHT
4BFO[ +" -J[BOP "7. Z /BTTBS .$ &EJCMF QPJTPOPVT BOE IBMMVDJOBUPSZ
GVOHJJO$PTUB3JDB3FWJTUBEF#JPMPHB5SPQJDBM
m
4BMP ,1SJODJQMFTBOEEFTJHOPGBQSPHOPTJTTZTUFNGPSBOBOOVBMGPSFDBTUPGOPO
XPPE GPSFTU QSPEVDUT &O " /JTLBOFO Z / %FNJEPWB FET 3FTFBSDI BQQSPBDIFT UP
TVQQPSU OPOXPPE GPSFTU QSPEVDUT TFDUPS EFWFMPQNFOU DBTF PG "SLIBOHFMTL 3FHJPO
3VTTJB QHTm"DUBTEFM*OTUJUVUP'PSFTUBM&VSPQFP/P+PFOTVV &'*
4BOPO ,# #B ". Z %FYIFJNFS + .ZDPSSIJ[BM TUBUVT PG TPNF GVOHJ GSVJUJOH
CFOFBUIJOEJHFOPVTUSFFTJO#VSLJOB'BTP'PSFTU&DPMPHZBOE.BOBHFNFOU m
4BSFNJ ) "NNBSFMMPV " Z .PIBNNBEJ + .PSQIPMPHJDBM BOE FDPMPHJDBM
FWBMVBUJPO PG USVGGMFT JO *SBO &O *3 )BMM : 8BOH " ;BNCPOFMMJ Z & %BOFMM FET
"DUBTEFMBTFHVOEBDPOGFSFODJBJOUFSOBDJPOBMTPCSFMPTIPOHPTNJDPSS[JDPTDPNFTUJCMFT
+VMJPEF $ISJTUDIVSDI$%30.$ISJTUDIVSDI /FX;FBMBOE*OTUJUVUFGPS$SPQ
BOE'PPE3FTFBSDI-JNJUFE
4BSLBS ## $IBLSBCPSUZ %, Z#IBUUBDIBSKFF "8JMEFEJCMFNVTISPPNGMPSB
PG5SJQVSB*OEJBO"HSJDVMUVSJTU
m
4$#%4VTUBJOBCMFNBOBHFNFOUPGOPOUJNCFSGPSFTUSFTPVSDFT$#%5FDIOJDBM4FSJFT
/P.POUSFBM 4FDSFUBSJBUPGUIF$POWFOUJPOPO#JPMPHJDBM%JWFSTJUZ EJTQPOJCMFFO
XXXCJPEJWPSH
QHT
4DIMPTTFS 8&Z#MBUOFS ,"5IFXJMEFEJCMFNVTISPPNJOEVTUSZPG8BTIJOHUPO
0SFHPOBOE*EBIP BTVSWFZ+PVSOBMPG'PSFTUSZ m
4DINFEB)JSTDINBOO ( 3B[NJMJD * 3FZFT 4 (VUJSSF[ .*Z-PZPMB +*B
#JPMPHJDBMBDUJWJUZBOEGPPEBOBMZTJTPG$ZUUBSJBQHT %JTDPNJDFUPT
&DPOPNJD#PUBOZ

m
4DINFEB)JSTDINBOO ( 3B[NJMJD * (VUJSSF[ .*Z-PZPMB +*C1SPYJNBUF
DPNQPTJUJPO BOE CJPMPHJDBM BDUJWJUZ PG GPPE QMBOUT HBUIFSFE CZ $IJMFBO "NFSJOEJBOT
&DPOPNJD#PUBOZ
m
4DIVMUFT 3( 5FPOBODBUM FM IPOHP OBSDUJDP EF MPT "[UFDBT "NFSJDBO
"OUISPQPMPHJTU 9-**m
4FSHFFWB . )POHPT FTQFDJFT EF IPOHPT DPNFTUJCMFT WFOFOPTPT Z NFEJDJOBMFT
.PTD $VMUVSFBOE5SBEJUJPOTQHT
4IBDLMFUPO 4& 4IBDLMFUPO $. /FUTIJMVWIJ 53 (FBDI #4 #BMMBODF " Z
'BJSCBOLT %), 6TF QBUUFSOT BOE WBMVF PG TBWBOOB SFTPVSDFT JO UISFF SVSBM
WJMMBHFTJO4PVUI"GSJDB&DPOPNJD#PUBOZ
m
4IBSEB 3. ,BVTIBM 4$ Z /FHJ (4 &EJCMF GVOHJ PG (BSIXBM )JNBMBZBT
.VTISPPN+PVSOBM m
4IBSNB :, Z %PTIJ " 4PNF TUVEJFT PO BO FEJCMF XJME GVOHVT 1IFMMPSJOJB
JORVJOBOT JO3BKBTUIBO *OEJB.VTISPPN3FTFBSDI
m
4IBX % .JDSPPSHBOJTNT JO 1BQVB /FX (VJOFB 3FTFBSDI #VMMFUJO /P
%FQBSUNFOUPG1SJNBSZ*OEVTUSZ 1PSU.PSFTCZ
#JCMJPHSBGB
4JEEJRJ /"&UIOPCPUBOZPGOPOUJNCFSGPSFTUQSPEVDUTPG$IJUUBHPOH)JMM5SBDUT
&O3-#BOJL .,"MBN 4+1FJZ"3BTUPHJ FET"QQMJFEFUIOPCPUBOZ QHTm
$IJUUBHPOH #BOHMBEFTI *OTUJUVUPEF*OWFTUJHBDJO'PSFTUBMEF#BOHMBEFTI
4JMMJUPF 1&UIOPTDJFOUJGJDPCTFSWBUJPOTPOFOUPNPMPHZBOENZDPMPHZJOUIFTPVUIFSO
IJHIMBOETPG1BQVB/FX(VJOFB4DJFODFJO/FX(VJOFB
m
4JNNPOT $ )FOLFM 5Z#BT $5IFHFOVT"NBOJUBJOUIF1BLBSBJNBNPVOUBJOT
PG(VZBOB1FSTPPOJB
m
4JNPOT %.5IFNVTISPPNUPYJOT%FMBXBSF.FEJDBM+PVSOBM
m
4JOHFS 3'PVSZFBSTPGNZDPMPHJDBMXPSLJOTPVUIFSO4PVUI"NFSJDB.JDPMPHB
m
4JOHI 4, Z 3BXBU (4 .PSFM NVTISPPN JOEVTUSZ JO *OEJB 1MBOU 5BML

m
4JTBL - *NQPSUBODF PG NBJO OPOXPPE GPSFTU QSPEVDUT JO UIF $[FDI 3FQVCMJD
*OUFSOBDJPOBM +PFOTVV 'JOMBOEJB mEFFOFSP&'*1SPDFFEJOHT /P
4PNNFS 38IZ*XJMMDPOUJOVFUPFBUDPSOTNVU/BUVSBM)JTUPSZ m
4PNNFSLBNQ *Z(V[NO ()POHPTEF(VBUFNBMB**&TQFDJFTEFQPTJUBEBTFOFM
IFSCBSJPEFMB6OJWFSTJEBEEF4BO$BSMPTEF(VBUFNBMB3FWJTUB.FYJDBOBEF.JDPMPHB

m
4UBNFUT 1 (SPXJOH HPVSNFU BOE NFEJDJOBM NVTISPPNT B FEJDJO #FSLFMFZ
$BMJGPSOJB 5FO4QFFE1SFTTQHT
4VIBSEJ5SFBUNFOUUPEFWFMPQNZDPSSIJ[BGPSNBUJPOPOEJQUFSPDBSQTFFEMJOHT&O
&(VIBSEJB .'BUBXJ .4VUJTOB 5.PSJZ40IUB FET3BJOGPSFTUFDPTZUFNTPG&BTU
,BMJNBOUBO QHTm&DPMPHJDBM4UVEJFT7PM5PLZP 4QSJOHFS
4VO 84 Z 9V +: $VMUJWBUJPO PG FEJCMF GVOHJ IBT CFDPNF POF PG UIF CBDLCPOF
JOEVTUSJFTJOSVSBMFDPOPNZPG$IJOB&EJCMF'VOHJPG$IJOB
m
4ZFE3JB[ "(Z.BINPPE,IBO 4&EJCMFNVTISPPNTGSPN"[BE+BNNVBOE
,BTINJS1BLJTUBO+PVSOBMPG1IZUPQBUIPMPHZ
m
5BHMJBWJOJ 0 Z 5BHMJBWJOJ 3 "UMBOUF EFJ GVOHIJ DPNNFTUJCJMJ EFMMB #BTJMJDBUB
<"UMBTEFMPTIPOHPTDPNFTUJCMFTEF#BTJMJDBUB>1PUFO[B $POTFKP3FHJPOBMEF#BTJMJDBUB
#BTJMJDBUBQHT
5BZMPS '8 5IBNBHF %. #BLFS / 3PUI#FKFSBOP /Z,BHBO;VS 7/PUFT
POUIF,BMBIBSJEFTFSUUSVGGMF 5FSGF[JBQGFJMMJJ.ZDPMPHJDBM3FTFBSDI
m
5FEEFS 4 .JUDIFMM % Z 'BSSBO 3 4FFJOH UIF GPSFTU CFOFBUI UIF USFFT UIF TPDJBM
BOEFDPOPNJDQPUFOUJBMPGOPOUJNCFSGPSFTUQSPEVDUTBOETFSWJDFTJOUIF2VFFO$IBSMPUUF
*TMBOET)BJEB (XBJJ .JUDIFMM $POTVMUJOH BOE UIF #$ .JOJTUSZ PG 'PSFTUT $PMPNCJB
#SJUOJDB
5FEEFS 4 .JUDIFMM %Z'BSSBO 31SPQFSUZSJHIUTJOUIFTVTUBJOBCMFNBOBHFNFOU
PG OPOUJNCFS GPSFTU QSPEVDUT 7JDUPSJB $PMPNCJB #SJUOJDB .JOJTUSZ PG 'PSFTUT
QHT
5FTUJ "*M-JCSPEFJ'VOHIJE*UBMJB$PMPHOPMBBJ$PMMJ 73
%FNFUSBQHT
5IPFO %-PPLJOHGPSFDUPNZDPSSIJ[BMUSFFTBOEFDUPNZDPSSIJ[BMGVOHJJOUSPQJDBM
"GSJDB&O4*TBBD +$'SBOLMBOE 38BUMJOHZ"+48IBMMFZ FET"TQFDUTPGUSPQJDBM
NZDPMPHZ QHTm$BNCSJEHF $BNCSJEHF6OJWFSTJUZ1SFTT
5IPFO %Z#B ".&DUPNZDPSSIJ[BTBOEQVUBUJWFFDUPNZDPSSIJ[BMGVOHJPG"G[FMJB
BGSJDBOBBOE6BQBDBTFOFHBMFOTJTJOTPVUIFSO4FOFHBM/FX1IZUPMPHJTU m
5IPNTPO #15XPTUVEJFTJO"GSJDBOOVUSJUJPO"OVSCBOBOEBSVSBMDPNNVOJUZJO
/PSUIFSO3IPEFTJB3IPEFT-JWJOHTUPOF1BQFST
m
5JCJMFUUJ &Z;BNCPOFMMJ "*5BSUVGJEFMMB1SPWJODJBEJ'PSMJ$FTFOB#PMPB *UBMJB
1BUSPO&EJUPSFQHT
5SBQQF +.6TFPGUSVGGMFTBOEGBMTFUSVGGMFTBSPVOEUIFXPSME&O.#FODJWFOHBZ
#(SBOFUUJ FET1SPDFFEJOHT "DUBTEFM4FHVOEP$POHSFTP*OUFSOBDJPOBMTPCSF5SVGBT

4QPMFUPQHTm4QPMFUP *UBMJB $PNVOJEBE.POUBOBEF.POUJ.BSUJOJZEF

4FSBOP
5V (-6TJOHCBHBTTFBOEXBTUFDPUUPOBTTVCTUSBUFGPSCBHDVMUJWBUJPOPG1MFVSPUVT
TBKPSDBKV;IPOHHVP4IJZPOHKVO )POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

PWFSBMM/P

m
5VOP /.VTISPPNVUJMJ[BUJPOCZUIF.BKBOHJS BO&UIJPQJBOUSJCF5IF.ZDPMPHJTU

m
5VSOFS /+ ,VIOMFJO )7Z&HHFS ,/5IFDPUUPOXPPENVTISPPN 5SJDIPMPNB
QPQVMJOVN
BGPPESFTPVSDFPGUIF*OUFSJPS4BMJTI*OEJBOQFPQMFTPG#SJUJTI$PMVNCJB
$BOBEJBO+PVSOBMPG#PUBOZ
m
6BDJRVFUF " %BJ .E-Z.PUUB )%JTUSJCVP WBMPSFDPOPNJDPFVTPTVTUFOUBWFM
EPDPHVNFMPDPNFTUWFMFN.PBNCJRVF<%JTUSJCVDJO WBMPSFDPONJDPZVTPTPTUFOJCMF
EFMPTIPOHPTDPNFTUJCMFTFO.P[BNCJRVF>(SVQPEF5SBCBKP"NCJFOUBM .BQVUP
6SCPOBT 7 ,BMBNFFT ,Z-VLJO 75IFMJTUPGUIFBHBSJDBMFTGMPSBPGUIF#BMUJD
3FQVCMJDT -JUVBOJB -FUPOJB &TUPOJB
<FO3VTJB>$BTBFEJUPSJBMEFTDPOPDJEB
7BDIVTLB 1Z7BDIVTLB $.VTISPPNQPJTPOJOHTJO3VTTJBNVTISPPNEFBUITJO
UIF6LSBJOF5IF/FXTMFUUFSPGUIF8JTDPOTJO.ZDPMPHJDBM4PDJFUZ
7BJEZB +(Z3BCCB "4'VOHJJOGPMLNFEJDJOF.ZDPMPHJTU m
7BODF /$Z5IPNBT +4QFDJBMGPSFTUQSPEVDUT#JPEJWFSTJUZNFFUTUIFNBSLFUQMBDF
1PSUMBOE 0SFHPO %FQBSUBNFOUPEF"HSJDVMUVSBEFMPT&&66 4FSWJDJPGPSFTUBM
WBOEFS8FTUIVJ[FO ($"Z&JDLFS "'JFMEHVJEFNVTISPPNTPGTPVUIFSO"GSJDB
$JVEBEEFM$BCP 4USVJL1VCMJTIFST 1UZ
-UE1HT
7BTJMFWB -/ &EJCMF NVTISPPNT PG UIF 'BS &BTU 7MBEJWPTUPDL 'BS &BTUFSO
1VCMJTIJOH)PVTF
7FSCFDLFO " 8BMMFZO 3 4IBSQ $ Z #VZDL # 4UVEJFT PO USPQJDBM "GSJDBO
-BDUBSJVTTQFDJFT3FHJTUSPTEF;JNCBCXF4ZTU(FPHS1M
m
7FSCFDLFO " Z #VZDL # %JWFSTJEBE Z FDPMPHB EF MPT IPOHPT FDPNJDPSS[JDPT
USPQJDBMFT EF "GSJDB &O 3 8BUMJOH +$ 'SBOLMBOE ". "JOTXPSUI 4 *TBBD Z $)
3PCJOTPO FET 5SPQJDBM NZDPMPHZ
m .BDSPNZDFUFT 8BMMJOHGPSE $"#
*OUFSOBUJPOBM
7JMLSJTUF -/8'1SFTPVSDFTBOEUIFJSGVUVSFVUJMJTBUJPOJO-BUWJB&O)(-VOE
#1BKBSJZ.,PSIPOFO FET4VTUBJOBCMFEFWFMPQNFOUPGOPOXPPEHPPETBOECFOFGJUT
GSPN CPSFBM BOE DPME UFNQFSBUF GPSFTUT QHT m "DUBT EFM 5BMMFS *OUFSOBDJPOBM
7JMMBOVFWB $A)VJUMBDPDIF 6TUJMBHPNBZEJT
DPNPBMJNFOUPFO.YJDP.JDPMPHB
/FPUSPQJDBM"QMJDBEB
m
7JMMBSSFBM -Z(V[NO (1SPEVDDJOEFMPTIPOHPTDPNFTUJCMFTTJMWFTUSFTFOMPT
CPTRVFTEF.YJDP*3FWJTUBEFMB4PDJFEBE.FYJDBOBEF.JDPMPHB
m
7JMMBSSFBM -Z(V[NO (B1SPEVDDJOEFMPTIPOHPTDPNFTUJCMFTTJMWFTUSFTFOMPT
CPTRVFTEF.YJDP**#JUJDB
m
7JMMBSSFBM -Z(V[NO (C1SPEVDDJOEFMPTIPOHPTDPNFTUJCMFTTJMWFTUSFTFOMPT
CPTRVFTEF.YJDP***3FWJTUBEFMB4PDJFEBE.FYJDBOBEF.JDPMPHB
m
7JMMBSSFBM -Z1SF[.PSFOP+-PTIPOHPTDPNFTUJCMFTTJMWFTUSFTEF.YJDP VO
FOGPRVFJOUFHSBM.JDPMPHB/FPUSPQJDBM"QMJDBEB m
7MBEZTIFWTLJZ %7 -BMFUJO "1Z7MBEZTIFWTLJZ "%3PMFPGXJMEMJGFBOEPUIFS
OPOXPPEGPSFTUQSPEVDUTJOGPPETFDVSJUZJODFOUSBM4JCFSJB6OBTZMWB
m
8BMMFZO 3Z3BNNFMPP +5IFQPJTPOPVTBOEVTFGVMGVOHJPG"GSJDBTPVUIPGUIF
4BIBSBBMJUFSBUVSFTVSWFZ4DSJQUB#PUBOJDB#FMHJDB
m
8BMLFS "$IBNQJHOPODPNFTUJCMFTEFMB#BTTF/HPVOJ (BCO
3FWVF#PU"QQ
FU"HSJDVMUVSF5SPQJDBM
m
8BOH :$-BNJDPMPHBFOMBBOUJHVB$IJOB.ZDPMPHJTU m
8BOH : )BMM *3Z&WBOT -"&DUPNZDPSSIJ[BMGVOHJXJUIFEJCMFGSVJUJOHCPEJFT
5SJDIPMPNBNBUTVUBLFBOESFMBUFEGVOHJ&DPOPNJD#PUBOZ
m
#JCMJPHSBGB
8BOH : #VDIBOBO 1Z)BMM *"MJTUPGFEJCMFFDUPNZDPSSIJ[BMNVTISPPNT&O

FDUPNJDPSS[JDPT DPNFTUJCMFT +VMJP $%30. $ISJTUDIVSDI /FX ;FBMBOE
*OTUJUVUFGPS$SPQBOE'PPE3FTFBSDI-JNJUFE
8BTTFS 41 &EJCMF BOE QPJTPOPVT NVTISPPNT PG UIF $BSQBUIJBO .PVOUBJOT
FEJDJOy 6[IHPSPE 6DSBOJB ,BSQBUZ1SFTT1HT
8BTTFS 41&EJCMFBOEQPJTPOPVTNVTISPPNTPG*TSBFM5FM"WJW .PEBO1SFTT
1HT
8BTTFS 41 /FWP & 4PLPMPW % 3FTIFUOJLPW 4 Z 5JNPS5JTNFOFUTLZ .
%JFUBSZ TVQQMFNFOUT GSPN NFEJDJOBM NVTISPPNT EJWFSTJUZ PG UZQFT BOE WBSJFUZ PG
SFHVMBUJPOT*OUFSOBUJPOBM+PVSOBMPG.FEJDJOBM.VTISPPNT
m
8BTTFS 41 Z 8FJT "- B (FOFSBM EFTDSJQUJPO PG UIF NPTU JNQPSUBOU NFEJDJOBM
IJHIFS CBTJEJPNZDFUFT NVTISPPNT *OUFSOBUJPOBM +PVSOBM PG .FEJDJOBM .VTISPPNT

m
8BTTFS 41 Z 8FJT "- C .FEJDJOBM QSPQFSUJFT PG TVCTUBODFT PDDVSSJOH JO IJHIFS
CBTJEJPNZDFUFT NVTISPPNT DVSSFOU QFSTQFDUJWFT SFTVNFO
*OUFSOBUJPOBM +PVSOBM PG
.FEJDJOBM.VTISPPNT
m
8BTTFS 41 Z 8FJT "- D 5IFSBQFVUJD FGGFDUT PG TVCTUBODFT PDDVSSJOH JO IJHIFS
CBTJEJPNZDFUFT NVTISPPNT B NPEFSO QFSTQFDUJWF $SJUJDBM 3FWJFXT JO *NNVOPMPHZ

m
8BTTPO 3(4PNB EJWJOFNVTISPPNPGJNNPSUBMJUZ-B)BZB .PVUPO1HT
8BTTPO 71Z8BTTPO 3(.VTISPPNT 3VTTJBBOEIJTUPSZ7PMT/VFWB:PSL
1BOUIFPO#PPLT
8FJHBOE +' .BOBHFNFOU FYQFSJNFOUT GPS IJHIFMFWBUJPO BHSPGPSFTUSZ TZTUFNT
KPJOUMZ QSPEVDJOH NBUTVUBLF NVTISPPNT BOE IJHIRVBMJUZ UJNCFS JO UIF $BTDBEF SBOHF
PG TPVUIFSO 0SFHPO (FOFSBM 5FDIOJDBM 3FQPSU 1/8(53 1PSUMBOE 0SFHPO
%FQBSUBNFOUPEF"HSJDVMUVSBEF&&66 4FSWJDJP'PSFTUBM 1BDJGJD/PSUIXFTU3FTFBSDI
4UBUJPO1HT
8JMMT 3.Z-JQTFZ 3("OFDPOPNJDTUSBUFHZUPEFWFMPQOPOUJNCFSGPSFTUQSPEVDUT
BOETFSWJDFTJO#SJUJTI$PMVNCJB$PMPNCJB#SJUOJDB .JOJTUSZPG'PSFTUT
8JMTPO , $BNNBDL %Z4IVNCB ''PPEQSPWJTJPOJOHBNPOHTU.P[BNCJDBO
SFGVHFFTJO.BMBXJ"TUVEZPGBJE MJWFMJIPPEBOEEFWFMPQNFOU*OGPSNFQSFQBSBEPQBSB
FM1SPHSBNB"MJNFOUBSJP.VOEJBM6OJWFSTJEBEEF0YGPSE0YGPSE 3FJOP6OJEP
8JOLMFS %4VTUBJOBCMFEFWFMPQNFOUJOUIF5JCFUBOBSFBTPG8FTU4JDIVBOBGUFSUIF
MPHHJOHCBO1SFTFOUBDJOJOEJUBQBSBFMOPWFOP4JNQPTJP*"54 -FJEFO 1BTFT#BKPT
mEFKVOJPEF EJTQPOJCMFFOIUUQPVSXPSMEDTDPNEBOXJOLEBOJFM@XJOLMFS@
T@TFMFDUFE@QVCMJDBUJPOTIUN GGT

8JOLMFS %6TPGPSFTUBMFJNQMJDBDJPOFTEFMBQSPIJCJDJOEFMBUBMBFOFOMBT
QSFGFDUVSBT UJCFUBOBT EF 4JDIVBO &TUVEJP EF DBTP TPCSF TJMWJDVMUVSBM SFGPSFTUBDJO Z
1'/.FOFMDPOEBEPEF-JUBOH (BO[J5"1 $IJOB&O;;JBOH .$FOUSJUUP 4-JV
Z 4 ;IBOH FET 5IF FDPMPHJDBM CBTJT BOE TVTUBJOBCMF NBOBHFNFOU PG GPSFTU SFTPVSDFT
*OGPSNBUPSF#PUBOJDP*UBMJBOP 4VQMFNFOUP
<FOJNQSFOUB>
9JBOH :5 Z )BO ; 6TJOH TVODVSFE CFE UP JODSFBTF UFNQFSBUVSF JO UIF FBSMZ
TQSJOH GPS DVMUVSJOH TUSBX NVTISPPN 7PMWBSJFMMB FTDVMFOUB ;IPOHHVP 4IJZPOHKVO
)POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM
PWFSBMM/P

m
:BOH ;6OIPOHPUSPQJDBMEFMJDJPTPm5FSNJUPNZDFTIFJNJJRVFDSFDFFO:VOOBO $IJOB
;IPOHHVP4IJZPOHKVO )POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

m
:BOH ; 1PMZP[FMMVT NVMUJQMFY m VO IPOHP DPNFTUJCMF SBSP ;IPOHHVP 4IJZPOHKVO
)POHPT$PNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

m
:BOH ;- Z :BOH $ 3FDPOPDJNJFOUP EF MPT )ZQTJ[ZHVT NBSNPSFVT Z EF TV
DVMUJWBDJO;IPOHHVP4IJZPOHKVO )POHPTDPNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM

m

:FI & 'PSFTU DMBJNT DPOGMJDUT BOE DPNNPEJGJDBUJPO UIF QPMJUJDBM FDPMPHZ PG 5JCFUBO
NVTISPPNIBSWFTUJOH WJMMBHFT JO :VOOBO 1SPWJODF $IJOB $IJOB 2VBSUFSMZ
m

:JMNB[ ' 0EFS / Z *TJMPHMV . -PT NBDSPIPOHPT EF MPT EJTUSJUPT EF 4PNB
.BOJTB
Z4BWBTUFQF #BMJLFTJS
5VSLJTI+PVSOBMPG#PUBOZ
m
:JOH +; .BP 9- .B 2. ;POH :$Z8FO )"*DPOFTPGNFEJDJOBMGVOHJ
GSPN$IJOB#FJKJOH 4DJFODF1SFTT1HT
:JOH +; ;IBP +# .BP 9- .B 2. ;IBP -8 Z ;POH :$ )POHPT
$PNFTUJCMFT<EF$IJOB>#FJKJOH 4DJFODF1VCMJTIJOH)PVTF
:PLPZBNB ,"JOVOBNFTBOEVTFTGPSGVOHJ MJDIFOTBOENPTTFT5SBOTBDUJPOTPGUIF
.ZDPMPHJDBM4PDJFUZ +BQBO
m
:PSPV 4/Z%F,FTFM "$POOBJTTBODFTFUIOPNZDPMPHJRVFTEFTQFVQMFT/BHPUEV
DFOUSFEV#OJO "GSJRVFEFM0VFTU
&O&3PCCSFDIU +%FHSFFGZ*'SJJT FET1MBOU
TZTUFNBUJDTBOEQIZUPHFPHSBQIZGPSUIFVOEFSTUBOEJOHPG"GSJDBOCJPEJWFSTJUZ"DUBTEFM
97$POHSFTP"&5'"5 .FJTF +BSEO/BDJPOBM#PUOJDPEF#MHJDB4ZTU(FPHS
1M
m
:PSPV 4/ %F,FTFM " 4JOTJO #Z$PEKJB +5$%JWFSTJUFUQSPEVDUJWJUEFT
DIBNQJHOPOT DPNFTUJCMFT EF MB GPSFU DMBTTF EF 8BSJ .BSP #FOJO
&O & 3PCCSFDIU
+ %FHSFFG Z * 'SJJT FET 1MBOU TZTUFNBUJDT BOE QIZUPHFPHSBQIZ GPS UIF VOEFSTUBOEJOH
PG"GSJDBOCJPEJWFSTJUZ"DUBTEFM97$POHSFTP"&5'"5 .FJTF +BSEO/BDJPOBM
#PUOJDPEF#MHJDB4ZTU(FPHS1M
m
:VO 8 #VDIBOBO 1Z)BMM * "MJTUPGFEJCMFFDUPNZDPSSIJ[BMNVTISPPNT&O
FDUPNJDPSS[JDPTDPNFTUJCMFT+VMJP $ISJTUDIVSDI$%30.$ISJTUDIVSDI /FX
;FBMBOE*OTUJUVUFGPS$SPQBOE'PPE3FTFBSDI-JNJUFE
;BLIBSZ +8 "CP#BLS 5. &M.BIEZ "3 Z &M5BCFSZ 4". $IFNJDBM
DPNQPTJUJPO PG XJME NVTISPPNT DPMMFDUFE GSPN "MFYBOESJB &HJQUP 'PPE $IFNJTUSZ

m
;BLMJOB .)POHPTNJDPSS[JDPTDPNFTUJCMFTFO4FSCJBmQSPCMFNBTDPOMBQSPUFDDJO
4FHVOEB $POGFSFODJB *OUFSOBDJPOBM TPCSF .JDPSSJ[B 6QQTBMB 4VFDJB m EF KVMJP EF
EJTQPOJCMFFOXXXNZDPSSIJ[BBHVULFEV

;BNPSB.BSUOF[ .$ "MWBSEP ( Z %PNOHVF[ +. )POHPT 4JMWFTUSFT
$PNFTUJCMFTSFHJOEF;BDVBMUJQO )JEBMHP1BDIVDB )JEBMHP .YJDP */*'"1$*3
$&/530
;BNPSB.BSUOF[ .$ 3FZHBEBT (' Z $JGVFOUFT + )POHPT DPNFTUJCMFT
TJMWFTUSFT EF MB TVCDVFODB "SSPZB &M ;PSSJMMP %JTUSJUP 'FEFSBM $PZPBDO %' .YJDP
*/*'"1
;BOH .%JTUSJCVDJOEFIPOHPTZEFMBEJWFSTJEBEEFMPTICJUBUFO5JCFU $IJOB
.D*MWBJOFB
m
;BOH %$B$PMMZCJBBMCVNJOPTBFOFMEJTUSJUPEF-JBOTIBO;IPOHHVP4IJZPOHKVO
)POHPTDPNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM
PWFSBMM/P

m
;BOH .C"OJOUFSFTUJOHFEJCMFNVTISPPN"HBSJDVTHFOOBEJJ;IPOHHVP4IJZPOHKVO
)POHPTDPNFTUJCMFTEF$IJOBBCJNPOUIMZKPVSOBM
PWFSBMM/P

m
;BOH .Z%PJ :4FDPUJVNKJNBMBJDVNTQOPWEF/FQBMmVOGPMLMPSFBDFSDBEFM
BMJNFOUPEFMBCPNJOBCMFIPNCSFEFMBTOJFWFT"DUB#PUBOJDB:VOOBOJDB
m
;BOH .Z1FUFSTFO 36OIPOHPDPNFTUJCMFZFOENJDPm&OEPQIZMMVTZVOOBOFOTJT
EF $IJOB ;IPOHHVP 4IJZPOHKVO &EJCMF 'VOHJ PG $IJOB B CJNPOUIMZ KPVSOBM

m
;BOH . Z 1V $ $POGJSNBUPSZ 5VCFS JOEJDB EJTUSJCVJEP FO $IJOB ;IPOHHVP
4IJZPOHKVO &EJCMF'VOHJPG$IJOBBCJNPOUIMZKPVSOBM

;BOH . Z :BOH ;- "HSPDZCF TBMJDBDPMB VO IPOHP DPNFTUJCMF EFMJDJPTP BQFOBT
EFTDVCJFSUP FO :VOOBO ;IPOHHVP 4IJZPOHKVO )POHPT $PNFTUJCMFT EF $IJOB B
#JCMJPHSBGB
CJNPOUIMZKPVSOBM

;FMMFS 4.Z5PHBTIJ ,-PTNBUTVUBLFTBNFSJDBOPTZKBQPOFTFT.JDPMPHB

m
;FSPWB .:Z3P[IFOLP (-"UMBTTFEPCOZLIJZBEPWJUZLIHSJCPW<"UMBTEFMPT
IPOHPTDPNFTUJCMFTZWFOFOPTPT6DSBOJB>,ZJW 3BEZBOTLBTILPMB1HT
;FSPWB .:Z8BTTFS 41&EJCMFBOEUPYJDNVTISPPNTPGUIF$BSQBUIJBOGPSFTUT
6[IPSPE ,BSQBUZ1SFTTQHT
;IBOH (*MMVTUSBUJPOGPS$IJOBQPQVMBSFEJCMFNVTISPPN#FJKJOH $IJOB4DJFOUJGJD
#PPL4FSWJDFTQHT
;IVBOH :$IBSBDUFSJ[BUJPOBOEUFYUVBMDSJUJDJTNPG)VBJFS 5SBNFUFTSPCJOJPQIJMB
;IPOHHVP 4IJZPOHKVO )POHPT $PNFTUJCMFT EF $IJOB B CJNPOUIMZ KPVSOBM

m
;IVBOH :Z8BOH :4"QQMJFESFTFBSDIGPSTFDPOEOVUSJUJPOPG(BTUSPEJBFMBUB
2VBMJUZPG(BTUSPEJBFMBUBXJUIUSBDFFMFNFOU;O;IPOHHVP4IJZPOHKVO &EJCMF'VOHJ
PG$IJOBBCJNPOUIMZKPVSOBM

m

"/&90
4VNBSJPEFMBJNQPSUBODJBEFMPT
IPOHPTTJMWFTUSFTDPNFTUJCMFTQPS
SFHJOZQBT
(36104
-PTQBTFTIBOTJEPEJWJEJEPTFOTFJTSFHJPOFT
rGSJDB
r"TJB
r&VSPQB
r"NSJDBEFM/PSUFZ$FOUSBM JODMVJEBMBSFHJOEFM$BSJCF
r0DFBOB
r"NSJDBEFM4VS
'6&/5&4%&*/'03."$*/
&MTVNBSJPEFQBTFTFWJEFODJBMBJOGPSNBDJODMBWFTPCSFMPT)4$BVORVFMPTEFUBMMFT
HFOFSBMNFOUFFTUOEJTQFSTPT TPCSFUPEPFOMPRVFTFSFGJFSFBMPTNTBNQMJPTDPOUFYUPT
EFVTPTTPDJBMFTZFDPONJDPT-BTMJTUBTEFMBTFTQFDJFTiDPNFTUJCMFTuQVCMJDBEBTFO
MBMJUFSBUVSBNJDPMHJDBTPOEFVTPNVZMJNJUBEPBVORVFDPOUJFOFOFOGPSNBDMBSBMBT
FTQFDJFTRVFBDUVBMNFOUFTFDPOTVNFO
%PT FTUVEJPT FYIBVTUJWPT TPCSF MPT IPOHPT TJMWFTUSFT EF GSJDB TVETBIBSJBOB IBO
TJEPQBSUJDVMBSNFOUFUJMFT3BNNFMPPZ8BMMFZO
TPCSFMPTIPOHPTDPNFTUJCMFT
Z8BMMFZOZ3BNNFMPP
TPCSFMPTWFOFOPTPTZUJMFT-BTSFGFSFODJBTDMBWFIBO
TJEPFOVNFSBEBTQPSTFQBSBEP
&O NVDIPT QBTFT GVF FODPOUSBEB QPRVTJNB JOGPSNBDJO QVCMJDBEB Z B WFDFT
JOFYJTUFOUF )BZ BMHVOBT QJTUBT RVF TVHJFSFO MB FYJTUFODJB EFM VTP MPDBM QFSP UPEBWB
UJFOF RVF TFS EFTDSJUP /P IFNPT FODPOUSBEP EFUBMMFT TPCSF MPT IPOHPT TJMWFTUSFT
DPNFTUJCMFTFO3VBOEB BVORVFMBTQPCMBDJPOFTGSPOUFSJ[BTEF#VSVOEJMPTSFDPMFDUBO
DPOTVNFO Z WFOEFO SFHVMBSNFOUF 4F FODPOUSBSPO QPDPT EFUBMMFT EF 7JFU /BN Z
OJOHVOPEF.ZBONBS BQFTBSEFTVTMB[PTDVMUVSBMFTDPO$IJOB FMQBTDPOMBNBZPS
USBEJDJOEFVTPEFMPT)4$&TEJTQPOJCMFQPDBJOGPSNBDJOTPCSF"OHPMBBQFTBSEF
MBTHSBOEFTSFBTEFNJPNCPQSPEVDUJWBTFOMPTQBTFTWFDJOPT
$0.&3$*0:&91035"$*0/&4
(FOFSBMNFOUF FTUB JOGPSNBDJO FTU JODPNQMFUB Z BNQMJBNFOUF EJTQFSTB Z MPT EBUPT
TPCSF FM DPNFSDJP TPO JODPNQMFUPT FO QBTFT EPOEF MPT IPOHPT TPO JNQPSUBOUFT QPS
TV FYQPSUBDJO -B NFKPS JOGPSNBDJO EJTQPOJCMF TF FODVFOUSB GVOEBNFOUBMNFOUF FO
XXXGJOUSBDDPNQFSPBCBSDBTPMBNFOUFFMQFSPEP
-04)0/(0426&"1"3&$&/&/-044&--04
&TEJTQPOJCMFVOBEFTDSJQDJODPNQMFUBEFUPEBTMBTFTQFDJFTNJDUJDBT QSJODJQBMNFOUF
MPTNBDSPNJDFUPT
RVFIBOBQBSFDJEPFOTFMMPTQPTUBMFTEFTEFRVF3VNBOJBQSPEVKPFM
QSJNFSFKFNQMBSFO .D,FO[JF
-BNBZPSQBSUFEFMPTFKFNQMBSFTTPO
FTQFDJFTDPNFTUJCMFT5BNCJOBQBSFDFOMBTWBSJFEBEFTNFEJDJOBMFTZWFOFOPTBT-BMJTUB
EFMBTFTQFDJFTRVFBQBSFDFOFOMPTTFMMPTFTUJMQBSBBRVFMMPTQBTFTEPOEFIBZQPDBT

GVFOUFT EF JOGPSNBDJO QPS FKFNQMP MB 3FQCMJDB 1PQVMBS %FNPDSUJDB EF $PSFB
-BT QFRVFBT OBDJPOFT JOTVMBSFT FYQMPUBO MBT FTQFDJFT DPMPSJEBT QBSB JODSFNFOUBS MPT
CFOFGJDJPTFDPONJDPTQSPWFOJFOUFTEFMBTWFOUBTEFTFMMPTZMPTFKFNQMBSFTVTBEPTTPO
QPSMPUBOUP VOBQPCSFJOEJDBDJOEFJNQPSUBODJBMPDBM
"OFYP4VNBSJPEFMBJNQPSUBODJBEFMPTIPOHPTTJMWFTUSFTDPNFTUJCMFTQPSSFHJOZQBT
GSJDB
/P IB TJEP FODPOUSBEB JOGPSNBDJO TPCSF MPT )4$ Z PUSBT FTQFDJFT UJMFT FO MPT
TJHVJFOUFTQBTFT
$BCP7FSEF3FQCMJDBEFM$IBE$PNPSBT%KJCPVUJ(VJOFB&DVBUPSJBM&SJUSFB
(BNCJB-JCFSJB.BM3FQCMJDBEF.BVSJDJP/JHFSJB4BOUP5PNZ1SODJQF
4FZDIFMMFT4U)FMFOB4VEO5PHP4BIBSBPDDJEFOUBM
%PT UFYUPT GSFDVFOUFNFOUF DJUBEPT BQBSFDFO DPNP 38 3BNNFMPP Z 8BMMFZO

Z83 8BMMFZOZ3BNNFMPP

1BSBJOGPSNBDJOHFOFSBMTPCSFMPT1'/.FOGSJDBWBTFUBNCJO'"0 C
-B
OJDBJOGPSNBDJOFODPOUSBEBTPCSFMPTIPOHPTDPNPBMJNFOUPEFFNFSHFODJB FODBTPT
EFIBNCSVOB
TFSFGJFSFBMPTSFGVHJBEPTEF.P[BNCJRVFRVFFTDBQBSPOIBDJB.BMBXJ
FOMPTBPTPDIFOUB 8JMTPOFUBM

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"/(0-"
)BZJOGPSNBDJOMJNJUBEBTPCSFMBTFTQFDJFTDPNFTUJCMFTSFDPMFDUBEBTZVTBEBT
MPDBMNFOUF '"0 B
&KFNQMPTBJTMBEPTEFFTQFDJFTTJMWFTUSFTDPNFTUJCMFTTF
QVFEFOFODPOUSBSFO38"OHPMBUJFOFCPTRVFTEFNJPNCPTJNJMBSFTBMPTEFTVT
QBTFTWFDJOPTEPOEFMBTFTQFDJFTDPNFTUJCMFTTPOSFDPMFDUBEBTZDPOTVNJEBTDPO
NVDIBGSFDVFODJB4FOFDFTJUBVMUFSJPSJOGPSNBDJO
"3(&-*"
)BFYQPSUBEPNBUTVUBLFTFOQFRVFBTDBOUJEBEFTB+BQO QSJODJQBMNFOUFMPT
5SJDIPMPNBDBMJHBUVN$SFDFOMBTiUSVGBTEFMEFTJFSUPwQFSPIBZQPDPTEFUBMMFTBM
SFTQFDUP "MTIFJLIZ5SBQQF
)BZQPTJCMFTFYQPSUBDJPOFTB&TQBB #PSHIJ
DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO
*UBMZ

#&/*/
-PTMUJNPTUSBCBKPTSFWFMBOVONCJUPFYUFOTPEFFTQFDJFTRVFTPODPOTVNJEBT
MPDBMNFOUF %F,FTFM $PEKJBZ:PSPV
ZVOBHSBOUSBEJDJOEFDPOTVNPEF
)4$1PDPTTPOWFOEJEPTOPSNBMNFOUF
#0548"/"
38MJTUBQPDBTFTQFDJFT-BTUSVGBTEFMEFTJFSUPTFDPNFOZTFFYQPSUBOQFSPMBT
SFDPMFDDJPOFTTPONVZWBSJBCMFT 5BZMPSFUBM

#63,*/"'"40
38QSFTFOUBOVOBMJTUBEFQPDBTFTQFDJFT6OFTUVEJPTPCSFMPTIPOHPT
FDUPNJDPSS[JDPT 4BOPO #BZ%FYIFJNFS
DPOGJSNBRVFMBTFTQFDJFTDPNFTUJCMFT
FYJTUFOBVORVFOPTFEFCBUFTPCSFTVVTP
#636/%*
&YJTUFONVDIBTFTQFDJFTEJGFSFOUFTRVFTPOSFDPMFDUBEBTZWFOEJEBTDBEBBPQPS
MBTQPCMBDJPOFTSVSBMFT #VZDL C
)BZQSFGFSFODJBTDMBSBTQPSBMHVOBTFTQFDJFT
FOUSFMPTFYQBUSJBEPTBGSJDBOPTZFVSPQFPT
$".&3/
&YJTUFONVDIBTFTQFDJFTEJGFSFOUFTRVFTPOSFDPMFDUBEBTZWFOEJEBTDBEBBPQPS
MBTQPCMBDJPOFTSVSBMFT #VZDL C
)BZQSFGFSFODJBTDMBSBTQPSBMHVOBTFTQFDJFT
FOUSFMPTFYQBUSJBEPTBGSJDBOPTZFVSPQFPT
$5&%*70*3&
38FOVNFSBQPDPTSFHJTUSPT QFSPIBZTVHFSFODJBTTPCSFFMVTPEFMPT)4$
FTDBTBNFOUFSFQPSUBEPZTPCSFMBTWBSJBTFTQFDJFTDPOTVNJEBTZDPNFSDJBMJ[BEBT
&(*150
4MPQPDPTJOGPSNFTIBOTJEPFTUVEJBEPT ;BLIBSZFUBM

/PIBZFWJEFODJBTRVF
TVHJFSBORVFMPT)4$TPOBCVOEBOUFTPVUJMJ[BEPTDPUJEJBOBNFOUF
&5*01"
4MPEPTCSFWFTJOGPSNFTTPODPOPDJEPT "CBUF 5VOP

/PIBZFWJEFODJBT
TPCSFVOVTPBNQMJPOJTPCSFMBJNQPSUBODJBEFMPT)4$
("#/
38DPOUJFOFEPTSFHJTUSPTSFDPQJMBEPTEFBOUFSJPSFTJOGPSNFTRVFIBOOPNJOBEP
UJQPTEJGFSFOUFTEF)4$QFSPVTBOEPMPTOPNCSFMPDBMFTQBSBMBNBZPSQBSUFEF
FMMPT 8BMLFS
ZRVFTVHJFSFFMDPOTVNPDPNO
()"/"
38DPOUJFOFQPDPTSFHJTUSPT-BJOGPSNBDJOEFM*OTUJUVUPEF*OWFTUJHBDJOQBSBMB
4JMWJDVMUVSBEF(IBOBDPOGJSNBRVFWBSJBTFTQFDJFTTPOSFDPMFDUBEBTZVTBEBT 0CPEBJ
Z"QFUPSHCPS

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
(6*/&"
83UJFOFVOSFHJTUSP4FTVQPOFRVFFYJTUFVOVTPNVDIPNTBNQMJPZQVFEF
IBCFSTFFTDBQBEPTVEFUFDDJOQPSRVFMBSFDPMFDDJOTFEBEFGPSNBMPDBMZQPS
UFNQPSBEB
("#/
38DPOUJFOFEPTSFHJTUSPTFYUSBEPTEFJOGPSNFTBOUFSJPSFTRVFFOVODJBCBO
UJQPTEJGFSFOUFTEF)4$VUJMJ[BOEPTVTOPNCSFTMPDBMFTQBSMBNBZPSQBSUFEFFMMPT
8BMLFS
FJOEJDBCBTVDPOTVNPGSFDVFOUF
(6*/&"#*44"6
/PIBZJOGPSNBDJOTPCSFMPT)4$BVORVFVOFTUVEJPEFMPTIPOHPTNJDPSS[JDPT
DPOGJSNBMBQSFTFODJBEFWBSJFEBEFTDPNFTUJCMFT 5IPFOZ#B

(6*/&"
83UJFOFVOSFHJTUSP4FTVQPOFVODPOTVNPNTGSFDVFOUFZMBSFDPQJMBDJO
EFEBUPTQVFEFIBCFSTJEPFTDBTBEFCJEPBRVFMBTSFDPMFDDJPOFTTPO
GVOEBNFOUBMNFOUFMPDBMFTZQPSUFNQPSBEB
+".")*3*:"3"#&
-*#*"
4MPVOBSFGFSFODJBTPCSFMBTiUSVGBTEFMEFTJFSUPw "MTIFJLIZ5SBQQF

,&/:"
38Z83DPOUJFOFWBSJPTSFHJTUSPTQFSPOPIBZFWJEFODJBTRVFSFTQBMEFOVOB
SFDPMFDDJOZDPNFSDJPNTBNQMJPT
-&405)0
38DPOUJFOFVOSFHJTUSPEFVOIPOHP5FSNJUPNZDF/PIBZPUSBTJOGPSNBDJPOFT
EJTQPOJCMFTQFSPTFQVFEFPCTFSWBSMBQSFTFODJBEFFTQFDJFTBSCSFBTFOMPTCPTRVFT
QJOPT
BTPDJBEBTDPOMPTIPOHPTNJDPSS[JDPTDPNFTUJCMFT
."%"("4$"3
38Z83PCTFSWBOWBSJBTFTQFDJFTDPNFTUJCMFTBVORVFOPFYJTUFOEFUBMMFT
EFSFDPMFDDJO DPOTVNPZWFOUB #PVSJRVFU
/PTFUJFOFOOPUJDJBTEF
FYQPSUBDJPOFT4FOFDFTJUBOFTUVEJPTNTEFUBMMBEPTEBEBTMBTDMBSBTTFBMFTEF
NBZPSFTBDUJWJEBEFT #VZDL

."-"8*
&TVOQFRVFPQBTDPOVOBUSBEJDJOCJFOBSSBJHBEBEFVTPEF)4$)BTJEP
FTUVEJBEPEFUBMMBEBNFOUFDPNQBSOEPMPDPOQBTFTBOMPHPT 3883.PSSJT
#PBFUBM
7BTFUBNCJOXXXNBMBXJGVOHJPSH
."336&$04
-PTNBDSPNJDFUPTFTUOCJFOEFTDSJUPTZIBZVOBNQMJPONFSPEFFTQFDJFT
DPNFTUJCMFT .BMFODPOZ#FSUBVMU
4VJNQPSUBODJBQBSBMBTQPCMBDJPOFTMPDBMFT
OPFTCJFODPOPDJEBUPEBWB&YJTUFOFYQPSUBDJPOFTFOQFRVFBFTDBMBIBDJB+BQO
JODMVZFOEPVOQBSJFOUFEFMPTNBUTVUBLFT 5SJDIPMPNBDBMJHBUVNWFB,ZUPWVPSJ

."63*$*0
&YJTUFOQPDPTSFHJTUSPT 38831FFSBMMZ

QFSPOPIBZEFUBMMFTEJTQPOJCMFT
.0;".#*26&
&TVOQBTSJDPFOFTQFDJFTDPNFTUJCMFT&TUPTIPOHPTTPOSFDPMFDUBEPT
SVUJOBSJBNFOUF DPOTVNJEPTZWFOEJEPTBMJOUFSOP QFSPMPTEFUBMMFTTPONVZ
TVQFSGJDJBMFT 6BDJRVFUF %BJZ.PUUB #PBFUBM
4FSFRVJFSFOFTUVEJPT
VMUFSJPSFT5BNCJOIBZFWJEFODJBTEFFYQPSUBDJPOFTEF#FEVMJTB*UBMJBBUSBWTEF
DPNQBBTFTUBCMFDJEBTFO4VEGSJDB #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJ
BOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO*UBMZ

/".*#*"
1PDPTSFHJTUSPTBJTMBEPT 38Z83
/PFTJOEJDBEPVOVTPNBZPSEFFTQFDJFT
TJMWFTUSFTDPNFTUJCMFT QFSPIBZFYQPSUBDJPOFTSFHVMBSFTEFiUSVGBTEFMEFTJFSUPw
5BZMPS DPNVOJDBDJOQFSTPOBM&EJCMFGVOHJFBUFOBOEUSBEFEJO#PUTXBOB
BOE/BNJCJB
.BDSPNJDFUPTUJMFTDSFDFOFOFMEFTJFSUPEF/BNJC +BDPCTPO

/*(&3*"
#SFWFTMJTUBTEFFTQFDJFTDPNFTUJCMFTIBOTJEPOPUBEBT QSJODJQBMNFOUFFODPOFYJO
DPOMBTQPCMBDJPOFT:PSVCB 38Z83
&YJTUFONVDIBTPUSBTFTQFDJFT QFK0TP

QFSPBNFOVEPSFQJUFOEFUBMMFTQVCMJDBEPTQSFDFEFOUFNFOUF
3&1#-*$"
$&/530"'3*$"/"
38FOVNFSBFTQFDJFTEFWBSJBTGVFOUFT-PTIBCJUBOUFTEFMPTCPTRVFTQBSFDFO
TFSMPTNBZPSFTDPOTVNJEPSFTEFMPTIPOHPTTJMWFTUSFTBVORVFFTUPQPESBSFGMFKBS
FTUVEJPTNTEFUBMMBEPTEFFTUBTDPNVOJEBEFT
3&1#-*$"%&-$0/(0
38UJFOFQPDBJOGPSNBDJO6OQBTFTDBTBNFOUFFTUVEJBEPEPOEFQPESB
FTQFSBSTFVOVTPNTBNQMJP
3&1#-*$"
%&.0$35*$"%&-
$0/(0 &9;"*3&
.VDIBTQVCMJDBDJPOFTZNVDIPJOUFSTFOJOWFTUJHBDJPOFTSFWFMBOVOVTPBNQMJPZ
TJHOJGJDBUJWPEFMBTFTQFDJFTDPNFTUJCMFT.VDIPTSFQPSUFTTFDPODFOUSBOFOMBSFHJO
EF4IBCB QFK%FHSFFG
*OGPSNBDJOUBNCJOFO38
3&1#-*$"6/*%"%&
5"/;"/"
38Z83FOVNFSBONVDIBTFTQFDJFT#VFOBTEFTDSJQDJPOFTEJTQPOJCMFTFOVO
BNQMJPSBEJPEFIPOHPTDPNFTUJCMFTRVFTPOSFHVMBSNFOUFSFDPMFDUBEPT DPOTVNJEPT
ZWFOEJEPTMPDBMNFOUF%JGFSFOUFTFTQFDJFTDPOTVNJEBTFOMPTCPTRVFTEFNJPNCP
ZFOMBTSFBTNPOUBPTBT)BTJEPQVCMJDBEBVOBHVBEFIPOHPTFYDFMFOUFZCJFO
JMVTUSBEB )SLOFO /JFNFMZ.XBTVNCJ

38"/%"
/PIBZSFHJTUSPTFO38P83TJOPJOGPSNBDJPOFTJNQPSUBOUFTEF#VSVOEJ #VZDL

C

1"4
640%&-04)0/(3044*-7&453&4$0.&45*#-&4
4&/&("-
-PTJOGPSNFTTPCSFMBTFTQFDJFTFDUPNJDPSS[JDBTDPOGJSNBOMBQSFTFODJBEFFTQFDJFT
DPNFTUJCMFT 5IPFOZ#B
QFSPTFTBCFQPDPTPCSFTVVTPQPSQBSUFEFMBT
QPCMBDJPOFTMPDBMFT %VDPVTTP #BZ5IPFO

4*&33"-&0/"
4MPVOBSFGFSFODJBQBTBKFSB BMPT5FSNJUPNZDFT
IBTJEPFODPOUSBEB 1FHMFSZ
7BOIBFDLF
-BTNVKFSFT.FOEFSFDPMFDUBOZWFOEFOIPOHPTDPNFTUJCMFT
FO4FHCXFNBZQSFTVNJCMFNFOUFFTUPTVDFEFFOPUSPTNFSDBEPTMPDBMFT %PXO
DPNVOJDBDJOQFSTPOBM8JMEFEJCMFGVOHJ4JFSSB-FPOF
4FOFDFTJUBOFTUVEJPT
VMUFSJPSFT
40."-*"
/PIBZJOGPSNBDJOOJJOEJDBDJPOFTEFVOVTPBNQMJPPSFHVMBS 38

46%'3*$"
.VDIBJOGPSNBDJONJDPMHJDBQFSPEFUBMMFTTPCSFMBTQSFGFSFODJBTMPDBMFTZQSDUJDBT
OPFVSPQFBTFTUOTPMBNFOUFTJFOEPSFWFMBEPQPDPBQPDP 4IBDLMFUPOFUBM

7FBVMUFSJPSFTEFCBUFTFO38Z83-PT5FSNJUPNZDFTTPOSFDPMFDUBEPT
ZWFOEJEPTFO,XB;VMV WBOEFS8FTUIVJ[FOZ&JDLFS
)BZFYQPSUBDJPOFT
SFHVMBSFTEF#PMFUVTFEVMJTEFMBTQMBOUBDJPOFTEFQJOPT .BSBJT DPNVOJDBDJO
QFSTPOBM$PMMFDUJOH#FEVMJTJO4PVUI"GSJDB
RVFFNQF[BSPOFOMPTBPTTFUFOUB
1PUU DPNVOJDBDJOQFSTPOBM&YQPSUPG#FEVMJTGSPN4PVUI"GSJDB

48";*-"/%*"
1PDPTEFUBMMFTEJTQPOJCMFTTPCSFFMVTPMPDBM4FIBOFGFDUVBEPFYQPSUBDJPOFT
JSSFHVMBSFTB&VSPQBEFCPMFUPTFOQFRVFBTDBOUJEBEFTEVSBOUFMPTBPTOPWFOUB
ZQBSFDFRVFUPEBWBTFMMFWBOBDBCP #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJ
BOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO*UBMZ

5/&;
4FFODPOUSBSPOTMPCSFWFTJOGPSNFTTPCSFMBTUSVGBTEFMEFTJFSUP "MTIFJLIZ5SBQQF

&YQPSUBEPSFTNFOPSFTFJSSFHVMBSFTEFiTFUBTwQPTJCMFNFOUFB&TQBB
#PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJMEFEJCMF
GVOHJJO*UBMZ

6("/%"
38DPOUJFOFTPMBNFOUFQPDPTSFHJTUSPT4FJOEJDBVOBUSBEJDJONTBNQMJBZNT
GVFSUF WFB,BUFOEFFUBM
-BJOGPSNBDJOEF#VSVOEJFTSFMFWBOUF #VZDL
C

;".#*"
&MVTPBNQMJP DPNOFJNQPSUBOUFEFMBTFTQFDJFTTJMWFTUSFTDPNFTUJCMFTIBTJEP
CJFOEFTDSJUP QFK1FHMFSZ1JFBSDF 1JFBSDF
38Z83SFTVNFOMPT
SFHJTUSPT
;*.#"#8&
4FSFDPMFDUBO DPOTVNFOZWFOEFODPNONFOUF)4$4FFYQPSUBO#PMFUPTFEVMJTB
&VSPQB #PBFUBM
7FBUBNCJO3ZWBSEFO 1JFBSDFZ.BTVLB
Z83-BT
USBEJDJPOFTMPDBMFTIBOTJEPJOWFTUJHBEBTEFUBMMBEBNFOUFTMPFOMPTMUJNPT
BPTZTPONFOPTEFTDSJUBTDPNQBSBEBTDPO.BMBXJZ;BNCJB6MUFSJPSJOGPSNBDJO
FTHBSBOUJ[BEB

"TJB
/PTFIBFODPOUSBEPJOGPSNBDJOTPCSFMPT)4$ZPUSBTFTQFDJFTUJMFTFOMPTTJHVJFOUFT
QBTFTPSFHJPOFT
"[FSCBJZO#BISFJO#SVOFJ%BSVTTBMBN$BNCPZB$IJQSF 'SBOKBEF(B[B
(FPSHJB,B[BKTUO.BMEJWBT4VMUBOBEF0NO2BUBS3FQCMJDBSBCFEF4JSJB
5BZJLJTUO5JNPS-FTUF&NJSBUPTSBCFT6OJEPT6[CFLJTUO
3JCFSB0DDJEFOUBM:FNFO
-B QSPYJNJEBE EF "[FSCBJZO Z (FPSHJB DPO MPT QBTFT RVF UJFOFO VOB JOEVEBCMF
USBEJDJO EF )4$ QFK "SNFOJB Z 5VSRVB
TVHJFSF VO VTP NT BNQMJP EF )4$ EFM
RVF IB TJEP SFQPSUBEP 6OBT JOGPSNBDJPOFT BOFDEUJDBT JOEJDBO RVF ,B[BKTUO UJFOF
iQPDBPOJOHVOBuUSBEJDJOEF)4$4FTVQPOFFMDPOTVNPEF)4$FO5BZJLJTUOZ
6[CFLJTUO QFSPUJFOFUPEBWBRVFTFSDPOGJSNBEP&O$BNCPZB EFJHVBMGPSNB IBZ
VOBUSBEJDJOEFVTPEF)4$FOUSFMBTQPCMBDJPOFTBVUDUPOBTEFMBSFHJO )PTBLB
DPNVOJDBDJOQFSTPOBM-BPTFEJCMFGVOHJ
7FMBT*MVTUSBDJPOFTZ
1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"'("/*45/
4FIBOEFTDSJUPQPDBTFTQFDJFTDPNFTUJCMFT #BUSB

4FIBOPCTFSWBEP
FYQPSUBDJPOFTEFIPOHPTDPMNFOJMMB 4BCSBZ8BMUFS

"3"#*"4"6%*5"
4FFODPOUSTMPJOGPSNBDJOMJNJUBEBTPCSFMBTUSVGBTEFMEFTJFSUP 5JSNBOJB

#PLIBSZZ1BSWF[

"3.&/*"
6OHSVQPEFFTQFDJFTDPNFTUJCMFTFTSFDPMFDUBEP DPOTVNJEPZDPNFSDJBMJ[BEP
MPDBMNFOUF/PTFIBOPCTFSWBEPFYQPSUBDJPOFT /BOBHVZMBO DPNVOJDBDJO
QFSTPOBM&EJCMFGVOHJJO"SNFOJB

#"/(-"%&4)
)BTJEPPCTFSWBEPVOVTPFOQFRVFBFTDBMBQPSQBSUFEFMBQPCMBDJO$IBLNBFO
MBTFYUFOTJPOFTNPOUBPTBT 4JEEJRJ

#)65/
4FIBOPCTFSWBEPFYQPSUBDJPOFTEFNBUTVUBLFTB+BQOFOQFRVFBFTDBMB
JNQPSUBOUFTQBSBMBFDPOPNBMPDBM-BTFTQFDJFTTJMWFTUSFTDPNFTUJCMFTTFWFOEFO
SFHVMBSNFOUFFOMPTNFSDBEPTBVORVFTFEFTDPOPDFDVMFTZMBDBOUJEBE /BNHZFM

$)*/"
&TFMMEFSFOMBQSPEVDDJO VTPZFYQPSUBDJOEF)4$EFUPEPFMNVOEP DPO

VOBUSBEJDJOJNQPSUBOUFZBOUJHVBFOFMVTPEFMBTFTQFDJFTNFEJDJOBMFT)BZ
JNQPSUBOUFTFYQPSUBDJPOFTEFNBUTVUBLFTB+BQO BVORVFMBTQSDUJDBTEF
SFDPMFDDJOFTUODBVTBOEPQSFPDVQBDJOBDFSDBEFMBTPTUFOJCJMJEBEEFMB
QSPEVDDJOFOBMHVOBTSFBT 8JOLMFS
5SVGBTZ#PMFUVTFEVMJTFYQPSUBEPTNT
SFDJFOUFNFOUFFODBOUJEBEFTJNQPSUBOUFTB&VSPQB #PSHIJ DPNVOJDBDJO
QFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO*UBMZ

-BTMJTUBTHFOFSBMFTEFFTQFDJFTEFVTPDPUJEJBOPIBOTJEPQVCMJDBEBTGVFSBEF$IJOB
QFK)BMMFUBM B
QFSPEFCFSBOTFSDPOTVMUBEBTDPOVOBMJUFSBUVSBDIJOBFO
DPOUJOVBFYQBOTJO7FB.BPZ+JBOH QBSBMB3FHJO"VUOPNBEF5JCFU
:JOHFUBM :JOHFUBM ;IPOHHVP4IJZPOHKVO<)POHPT$PNFTUJCMFTEF
$IJOB>JOGPSNBDJOQVCMJDBEBDPOGSFDVFODJBQFSPFODIJOP)BTJEPQVCMJDBEBQPDB
FYQMJDBDJOTPCSFMPTIPOHPTWFOEJEPTFOMPTNFSDBEPT $IBNCFSMBJO
BVORVF
FTVOBBDUJWJEBEBNQMJBFJNQPSUBOUF1BSBMBTFTQFDJFTNFEJDJOBMFTHFOFSBMNFOUF
WFB)PCCT
-BNFKPSHVBZGVFOUFEFJOGPSNBDJOTPCSFNJDPMPHBZFTQFDJFT
EF)4$FT.BP
'*-*1*/"4
6OEPDVNFOUPNJDPMHJDPJNQPSUBOUF .FOEP[B

FOVNFSBVOBTFTQFDJFT
NVDIBTEFMBTDVBMFTDPOOPNCSFTMPDBMFTZBNQMJBTTVHFSFODJBTEFTVVTP&TUB
JOGPSNBDJOOPTFJODMVZFFOMPTBOFYPT-PTIBCJUBOUFTEFMPTCPTRVFTEF1BMBXBO
DPOTVNFOUBNCJO)4$ /PWFMMJOP

)0/(,0/( 3FHJO
BENJOJTUSBUJWB
FTQFDJBM $IJOB
$IBOHZ.BP
FTVOBWFSTJODPNQMFUBEFNBDSPIPOHPTZEFTVTDBSBDUFSTUJDBT
UJMFT FODIJOP
5JFOFVOBBNQMJBSFMFWBODJBQBSB$IJOB
1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
*/%*"
-BTMJTUBTEFMBTFTQFDJFTDPNFTUJCMFTEFMPTFOPSNFTSFHJTUSPTNJDPMHJDPTTPO
EJGDJMFTEFJOUFSQSFUBSZMPTBTQFDUPTTPDJBMFTZFDPONJDPTBQBSFDFOFTDBTBNFOUF
FTUVEJBEPT1BSBJOGPSNBDJOHFOFSBMWFB1VSLBZBTUIBZ$IBOESB -PTFTUVEJPT
TPCSFMBTDPTUVNCSFTMPDBMFTJODMVZFO)BSTI 3BJZ"ZBDIJ )BSTI 3BJZ4POJ
"EIJLBSZFUBM 4FSFDPMFDUBOIPOHPTDPMNFOJMMBQBSBMBFYQPSUBDJOFO
MBTSFHJPOFT)JNBMBZBOBT '"0 C
ZTPOEFJNQPSUBODJBFDPONJDB4FOFDFTJUBO
VMUFSJPSFTFTUVEJPT QBSUJDVMBSNFOUFFOMBT[POBTNPOUBPTBTEPOEFWJWFOMBT
QPCMBDJPOFTBVUDUPOBT QPSFKFNQMP 5SJQVSBZ.J[PSBN
*/%0/&4*"
)BTJEPQVCMJDBEBNVZQPDBJOGPSNBDJOBVORVFIBZVOBDMBSBFWJEFODJBEFVO
BNQMJPVTPZEFWFOUBTFOMPTNFSDBEPT #VSLIJMM )FZOF 3JGBJ

)BZNVDIPJOUFSTFOMBDVMUJWBDJOEFIPOHPT QFK(VOBXBO
ZTUPT
TPOBNQMJBNFOUFEJTQPOJCMFT-BFOPSNFMJUFSBUVSBTPCSFMPT1'/.UJFOFQPDPT
EFUBMMFTTPCSFMPT)4$BVORVFMBTGVFOUFTMPDBMFTEF,BMJNBOUBO -FMVZBOJ
DPNVOJDBDJOQFSTPOBM&EJCMFGVOHJPG,BMJNBOUBO
IBOFOVNFSBEPNTEFEJF[
EJGFSFOUFTUJQPTDPUJEJBOBNFOUFSFDPMFDUBEPTZDPOTVNJEPTFOMBTSFBTGPSFTUBMFT MB
NBZPSQBSUFEFMBTDVBMFTTPOFTQFDJFTTBQSGJUBT4FWFOEFOMBTFTQFDJFT4DMFSPEFSNB
FODPOTFSWB %VDPVTTP #BZ5IPFO
-PTJOGPSNFTQVCMJDBEPTTPCSFMPTBHSJDPT
ZCPMFUPTTPOEJTQPOJCMFTFOXXXNZDFOBTGTVFEVFJODMVZFOWBSJBTFTQFDJFT
TJMWFTUSFTDPNVOFT
*3/
4FSFQSPEVDFOMBTUSVGBTQFSPEFTDPOPDFNPTTVJNQPSUBODJBQBSBMBQPCMBDJOMPDBM
4BSFNJ "NNBSFMMPVZ.PIBNNBEJ
0USBTFTQFDJFTDPNFTUJCMFTZNFEJDJOBMFT
IBOTJEPSFHJTUSBEBTFOMBMJUFSBUVSBNJDPMHJDB WFB/JFNFMZ6PUJMB *TJMPHMVZ
8BUMJOH

*3"2
4FDPOPDFTMPVOBSFGFSFODJB<TPCSFMBTUSVGBTEFMEFTJFSUP> "M/BBNB &XB[FZ

/FNB

*43"&-
-BMMFHBEBSFDJFOUFEFNVDIPTSVTPTIBJOUSPEVDJEPVOBJOGMVFODJBNJDPGMJDB
CBTUBOUFGVFSUF 8BTTFS
BVORVFIBZQPDBJOGPSNBDJOEJTQPOJCMFTPCSFMPT
DBNCJPTTVGSJEPTQPSTVSFDPMFDDJOZDPOTVNP1SFDFEFOUFNFOUFIBCBTMPVO
JOUFSTMJNJUBEPFOQPDBTFTQFDJFTQSJODJQBMFT
+"1/
5JFOFVOBUSBEJDJOOPUPSJBFJNQPSUBOUFEFSFDPMFDDJO DPOTVNPZWFOUBEF
)4$ QFK,BXBHPF 4UBNFUT
)BZVOBFYUFOTBMJUFSBUVSBTPCSFMPT
NBDSPNJDFUPT QFK*NB[FLJFUBM
ZMBTJOWFTUJHBDJPOFTTPCSFMBTFTQFDJFT
DPNFTUJCMFT QBSUJDVMBSNFOUFTPCSFMPTNBUTVUBLFT+BQOFTVOQSJODJQBMJNQPSUBEPS
EFNBUTVUBLFTZEFTVTFTQFDJFTSFMBDJPOBEBTEFUPEPFMNVOEP
+03%"/*"
4FDPOTVNFONVDIBTFTQFDJFTFOMBMPDBMJEBE $BWBMDBTFMMF 4BCSBZ8BMUFS

,*3(6*45/
6OBMJTUBDPNQMFUBEFMBTFTQFDJFTDPNFTUJCMFTIBTJEPQVCMJDBEB &MDIJCBFW

RVFTVHJFSFVOBNQMJP QFSPOPOFDFTBSJBNFOUFJNQPSUBOUF VTPEFMBTFTQFDJFT
TJMWFTUSFT
,68"*5
4FDPOPDFTMPVOBWFSTJODPOVOBSFGFSFODJBQBTBKFSBTPCSFMBTUSVGBTEFMEFTJFSUP
"MTIFJLIZ5SBQQF

-#"/0
4FSFDPMFDUBONVDIBTFTQFDJFTMPDBMNFOUFQFSPBQBSFOUFNFOUFTVDPOTVNPTFEBFO
QFRVFBFTDBMBZOPFTUHFOFSBMJ[BEP 4BCSBZ8BMUFS

."-"4*"
-PTIPOHPT5FSNJUPNZDFTPOSFDPMFDUBEPTZWFOEJEPTSFHVMBSNFOUF 1FHMFSZ
7BOIBFDLF
-PTJOGPSNFTNJDPMHJDPTEF4BSBXBL $IJO $IJO

JOTJOBOVOVTPSFHVMBSEFFTQFDJFTTJMWFTUSFTDPNFTUJCMFT DPOGJSNBEPQPSWFSTJPOFT
BOFDEUJDBT +POFT DPNVOJDBDJOQFSTPOBM8JMEFEJCMFGVOHJVTFJO4BSBXBL

.0/(0-*"
/PIBZJOGPSNBDJO QFSPTFTVQPOFRVFFYJTUFOUSBEJDJPOFTBOMPHBTBMBTEFMPT
QBTFTGSPOUFSJ[PT QFK$IJOB

.:"/."3
4FIBOSFHJTUSBEPMPTIPOHPT5FSNJUPNZDFFOMBMJUFSBUVSBNJDPMHJDB 1FHMFS
Z7BOIBFDLF
ZTJOMVHBSBEVEBTTPODPOTVNJEPT QFSPOPFYJTUFOPUSPT
EFUBMMFTTPCSFFTUBJOGPSNBDJO4JOFNCBSHP TFTVQPOFRVFFYJTUFONPEFMPTEF
DPNQPSUBNJFOUPBOMPHPTFOMBTSFHJPOFTNPOUBPTBTCBTOEPTFFOMBTUSBEJDJPOFT
EFMPTQBTFTGSPOUFSJ[PT
/&1"-
&YJTUFVOBBNQMJBSFDPMFDDJO WFOUBZDPOTVNP QFK"EIJLBSJZ"EIJLBSJ

NT
BDUJWBNFOUFFOMBT[POBTNPOUBPTBT
1",*45/
4FFODPOUSQPDBJOGPSNBDJO4FSFDPMFDUBOZFYQPSUBOIPOHPTDPMNFOJMMB '"0
C
-PTJOGPSNFTNJDPMHJDPTOPEFTDSJCFOMBTQSDUJDBTOJMBTQSFGFSFODJBTMPDBMFT
QPSMBTFTQFDJFT #BUSB 4ZFE3JB[Z.BINPPE,IBO

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
3&1#-*$"%&$03&"
5JFOFVOBGVFSUFUSBEJDJOMPDBMEFVTPEF)4$ZFTVOQSJODJQBMFYQPSUBEPSEF
NBUTVUBLFTB+BQO1BSBVMUFSJPSJOGPSNBDJO WFB,JNZ,JN

3&1#-*$"
%&.0$35*$"
1016-"3-"0
&TEJTQPOJCMFVOBMJTUBEFMBTFTQFDJFTDPNFTUJCMFTDPOGPUPTFOIUUQHJFDIHSPVQIQ
JOGPTFFLDPKQLJOPLPFOHIUNM-PTFTUVEJPTEFMPT1'/.JODMVZFOSFGFSFODJBTIBDJB
MPT)4$ 3JKTPPSUZ1JLVO
&MVTPMPDBMFTBNQMJP )PTBLB DPNVOJDBDJO
QFSTPOBM-BPTFEJCMFGVOHJ
QFSPFTDBTBNFOUFEFTDSJUP4FOFDFTJUBOVMUFSJPSFT
FTUVEJPTRVFSFWFMFONTEFUBMMFTTPCSFMPTVTPTEFMPT)4$QPSQBSUFEFMBT
QPCMBDJPOFTRVFWJWFOFOMBT[POBTNPOUBPTBTEFMBSFHJO
3&1#-*$"1016-"3
%&.0$35*$"%&
$03&"
)BZJOEVEBCMFNFOUFVOBGVFSUFUSBEJDJOMPDBMEFSFDPMFDDJOZDPOTVNPEF)4$
QFSPMBJOGPSNBDJOFTFTDBTB)BZJNQPSUBOUFFYQPSUBDJPOFTEFNBUTVUBLFTB+BQO
XXXGJOUSBDDPN

4*/("163
*NQPSUBOUFJNQPSUBEPSZDPOTVNJEPSEFIPOHPTTJMWFTUSFTBVORVFMBNBZPSQBSUF TF
TVQPOF TPOFTQFDJFTDVMUJWBEBT +POFTZ-JN
4FHVSBNFOUFFYJTUFVOBGVFSUF
JOGMVFODJBEFMBUSBEJDJODVMUVSBMDIJOB
43*-"/,"
)BZSFDPMFDDJPOFTMPDBMFTQFSPTMPTFIBFODPOUSBEPJOGPSNBDJOMJNJUBEB
(VOBUJMMFLF (VOBUJMMFLFZ"CFZHVOBXBSEFOB
4FSFQSPEVDFOMPTIPOHPT
5FSNJUPNZDFZQSPCBCMFNFOUFTPODPOTVNJEPT 1FHMFSZ7BOIBFDLF

5"*-"/%*"
)BZVOBUSBEJDJOJNQPSUBOUFEFSFDPMFDDJO WFOUBZDPOTVNP QFSPTFIB

FODPOUSBEPTMPVOJOGPSNFEFUBMMBEP +POFT 8IBMMFZZ)ZXFM+POFT

5"*8/ 1SPWJODJB
EF$IJOB
5SBEJDJPOFTBOMPHBTBMBTEFMB$IJOBDPOUJOFOUBMBVORVFMBJOGPSNBDJOOPIBTJEP
SFVOJEBBDUJWBNFOUF(SBOEFTUSBEJDJPOFTEFJOWFTUJHBDJONJDPMHJDBEFMPTIPOHPT
TVQFSJPSFT WFB$IFO

563,.&/*45/
)BFYQPSUBEPiTFUBTwB"MFNBOJB DPOUPEBTFHVSJEBEFTQFDJFTTJMWFTUSFTDPNFTUJCMFT
XXXGJOUSBDDPN

56326"
)BZVOBJOEVTUSJBEFFYQPSUBDJOB&VSPQBGVFSUFQFSP UBMWF[ SFMBUJWBNFOUF

QFRVFB CBTBEBGVOEBNFOUBMNFOUFFOMBSFDPMFDDJOEFMPT)4$ (VSFS
DPNVOJDBDJOQFSTPOBM6OQVCMJTIFEUSBEFEBUBPOXJMEFEJCMFGVOHJJO5VSLFZ
-PT
JOGPSNFTNJDPMHJDPTTVHJFSFOVOBNQMJPVTPZSFMFWBODJB QFK"GZPO ,BTJLZ
0[UVSL
7FBUBNCJOXXXPHNHPWUSZ4BCSBZ8BMUFS

7*&5/".
)BZDMBSBTIVFMMBTEFVOBNQMJPVTPMPDBMZEFMBSFDPMFDDJOFOMBTUJFSSBTBMUBT
$IBNCFSMBJO DPNVOJDBDJOQFSTPOBM8JMEFEJCMFGVOHJJO7JFU/BN
QFSPIB
TJEPFTDBTBNFOUFEPDVNFOUBEB-BTJOWFTUJHBDJPOFTTPCSFMPT1'/.GSFDVFOUFNFOUF
NFODJPOBOBMPT)4$ QFK3JKTPPSUZ1JLVO
&MIPOHPEFMBDTDBSBEFBSSP[
TQQ7PMWBSJFMMB
TFSFQSPEVDFOBUVSBMNFOUFFOMBTUJFSSBTCBKBT EPOEFTFDVMUJWB
UBNCJO0USBTFTQFDJFTDVMUJWBEBT UBMFTDPNPMBTTIJJUBLFTZMPTiIPOHPTPSFKBw
TQ"VSJDVMBSJB
TFWFOEFOGSFTDBTPTFDBEBTFOMPTNFSDBEPTEFMBDJVEBEEF)P$IJ
.JOI
&VSPQB
-PTNBDSPIPOHPTEF&VSPQB BTDPNPEFGJOJEPTQPSMBTGSPOUFSBTBDUVBMFTEFMB6OJO
&VSPQFBZQBTFTDPOUJHVPT TPONVZDPOPDJEPTZEFTDSJUPT'JOMBOEJBUJFOFMBMJUFSBUVSB
NTDPNQMFUBTPCSFMBSFDPMFDDJOZFMVTPEFMPTIPOHPTDPNFTUJCMFTZIBQVFTUPVOB
BUFODJOQBSUJDVMBSFOTVJNQPSUBODJBQBSBMBQPCMBDJO
/P GVF FODPOUSBEB JOGPSNBDJO TPCSF MPT IPOHPT DPNFTUJCMFT FO -JFDIUFOTUFJO
.BMUBF*TMBOEJB
-PTQBTFTTFSFOFOFOEPTHSBOEFTHSVQPTFMQSJNFSP DPOMBTOBDJPOFTEFFDPOPNBT
ECJMFT HFOFSBMNFOUFDPOVOBUSBEJDJOMPDBMJNQPSUBOUFEFVTPEF)4$ BMHVOBTEFMBT
DVBMFTUBNCJOUJFOFODPNFSDJPTEFFYQPSUBDJO&MTFHVOEP MPTQBTFTNTSJDPTRVF
JNQPSUBO QFSP QPESBO OP UFOFS VOB GVFSUF USBEJDJO EF SFDPMFDDJO 3VNBOJB FT VO
FKFNQMPEFMQSJNFSHSVQPZMPT1BTFT#BKPT EFMTFHVOEP NBZPSFYQPSUBEPSNVOEJBM
EFDIBNQJPOFT "HBSJDVTCJTQPSVT
ZUFSDFSFYQPSUBEPS EFTQVTEF$IJOBZ&TUBEPT
6OJEPT EFUPEBTMBTFTQFDJFTDVMUJWBEBT

-BTVQSFTJOEFMBTCBSSFSBTFDPONJDBTZQPMUJDBTFOMPTBPTOPWFOUBIBFTUJNVMBEP
MBTFYQPSUBDJPOFTEFMPTQBTFTEFMBFY6OJO4PWJUJDB EFMBSFHJOEFMPT#BMDBOFT
ZEFFY:VHPTMBWJBFTQFDGJDBNFOUF 1FSJOJ
&OMPTQBTFTNTSJDPTEF&VSPQB
MBSFDPMFDDJOEFMPT)4$TFEBQSJODJQBMNFOUFFOQFRVFBFTDBMBZQBSBVTPQFSTPOBM
Z FT EF NFOPS JNQPSUBODJB FDPONJDB QBSB MPT SFDPMFDUPSFT BVORVF IBZ VO JOUFST
JOEJWJEVBMDSFDJFOUFFOMBSFDPMFDDJOEFUSVGBTZCPMFUPTFO*UBMJB ;BNCPOFMMJ
DPNVOJDBDJOQFSTPOBM5SVGGMFT BOEDPMMFDUJOHQPSDJOJJO*UBMZ
7BTFMBT*MVTUSBDJPOFT
Z
1BSB MBT WFSTJPOFT TPCSF MPT )4$ SFDPMFDUBEPT FO MPT CPTRVFT CPSFBMFT GSPT Z
UFNQMBEPTWBTF-VOE 1BKBSJZ,PSIPOFO

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"-#"/*"
)BFYQPSUBEPDBOUJEBEFTMJNJUBEBTEFIPOHPTDPNFTUJCMFTB*UBMJB QSPCBCMFNFOUF
#PMFUVTFEVMJT #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBM
XJMEFEJCMFGVOHJJO*UBMZ
ZQPDPTPUSPTUJQPT QFSPOPFYJTUFVODPNFSDJPSFHVMBS
#*&-03364*"
4FEFTDSJCFOCSFWFNFOUFMBTFTQFDJFTTJMWFTUSFTDPNFTUJCMFT .BMZJ

QFSPTJO
EFUBMMFTEFMBTQSDUJDBTMPDBMFT5BNCJOFYQPSUBFTQFDJFTTJMWFTUSFTFOQFRVFBT
DBOUJEBEFTB*UBMJB #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFS
DPNNFSDJBMXJMEFEJCMFGVOHJJO*UBMZ
ZPUSPTQBTFTOPFTQFDJGJDBEPT 0MMJLBJOFO

#04/*":)&3;&(07*/"
&YQPSUBOiTFUBTw JODMVZFOEP#PMFUVTFEVMJTB*UBMJB #PSHIJ DPNVOJDBDJO

/PIFNPT
FODPOUSBEPPUSBJOGPSNBDJOPJOGPSNFT
#6-("3*"
1SJODJQBMFTFYQPSUBEPSFTEFiTFUBTTJMWFTUSFTw-BTFTQFDJFTDPNFTUJCMFTZWFOFOPTBT
IBOTJEPEFTDSJUBTFOMBMJUFSBUVSBNJDPMHJDB *PSEBOPW 7BOFWZ'BLJSPWB

BVORVFOPTFDPOPDFOCJFOMBTUSBEJDJPOFTMPDBMFT
$30"$*"
&YQPSUBEPS QFSPFTUBTBDUJWJEBEFTGVFSPOEFUFSJPSBEBTQPSMBTMVDIBTJOUFTUJOBT-PT
EFUBMMFTFYBDUPTOPTPODMBSPTQFSPWFBMPTDPNFOUBSJPTTPCSF4FSCJBZ.POUFOFHSP
&4-07"26*"
*OGPSNFTOPDPOGJSNBEPTEFBNQMJBTSFDPMFDDJPOFTBOMPHBTBMBTUSBEJDJPOFTEFMPT
QBTFTGSPOUFSJ[PT QPSFKFNQMP 1PMPOJB
&4-07&/*"
4POFYQPSUBEBTDBOUJEBEFTNPEFSBEBT JODMVZFOEP#PMFUVTFEVMJTB*UBMJB5JFOFVOB
USBEJDJOMPDBMSFOPNCSBEBBVORVFOPGVFSUF XXXNBULVSKBDPN

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
&41"" :"/%033"
$MBSBNFOUFEJGFSFOUFTUSBEJDJPOFTEFVTPMPDBMDPOMBTUSBEJDJPOFTNTGVFSUFT
EFMPTBNBOUFTEFMPTIPOHPTDBUBMBOFTZWBTDPT4VJOUFSTNVFWFNVDIPEFM
DPNFSDJPJOUFSOBDJPOBMEF)4$&YJTUFVODPNFSDJPJNQPSUBOUFEFOTDBMPT
-BDUBSJVTEFMJDJPTVT
EFMOPSPFTUFEF&TQBB $BTUJMMBZ-FO
IBTUB$BUBMVB
NJFOUSBTMBTUSVGBTTPOEFJNQPSUBODJBDSFDJFOUFQBSBMBTQPCMBDJPOFTMPDBMFTEF
MPT1JSJOFPT EF3PNO DPNVOJDBDJOQFSTPOBM5SBEFJOOTDBMPTGSPN/PSUI
4QBJOUP$BUBMPOJBBOEUSVGGMFQSPEVDUJPO
1BSBVOBWFSTJOFYIBVTUJWBEFMPT
)4$WFB.BSUOF[ 0SJBEF3VFEBZ.BSUOF[
-PTDPNFSDJBOUFTFTQBPMFT
WJTJUBO1PSUVHBMQBSBMBTBDUJWJEBEFTDPNFSDJBMFTNJFOUSBTMPTSFDPMFDUPSFTGSBODFTFT
WJTJUBO&TQBBFOCVTDBEFUSVGBT7FBUBNCJOFO 8BTTPOZ8BTTPO
MB
JOGPSNBDJOIJTUSJDBTPCSFMBTUSBEJDJPOFTMPDBMFT
&450/*"
4FTBCFRVFUJFOFVOBGVFSUFUSBEJDJOMPDBMEFVTPFJOWFTUJHBDJOTPCSFMPT
)4$ ,BMBNFFTZ4JMWFS
-PTEBUPTTPCSFMBQSPEVDDJOJOEJDBORVFFTVO
FYQPSUBEPSNFOPS 1BBMZ4BBTUBNPJOFO
BMNFOPTEFTEFIBTUB
XXXGJOUSBDUPSH

'&%&3"$*/%&364*"
&YJTUFVOBUSBEJDJOGVFSUFZQSPMPOHBEBEFSFDPMFDDJOZDPOTVNPEF)4$ 8BTTPO
Z8BTTPO
&TEJGDJMFODPOUSBSMPTEFUBMMFTQSFDJTPTEFMVTPBDUVBMBVORVF
FYJTUFVOBJNQSFTJPOBOUFMJUFSBUVSBNJDPMHJDBFIJTUPSJBEFJOWFTUJHBDJOEFMBT
EJGFSFOUFTFTQFDJFT QFK%VELBZ8BTTFS 7BTJMFWB 8BTTFS
&TFM
TFHVOEPQBTPSFHJOFOJNQPSUBODJBQBSBMPT)4$EFTQVTEF$IJOBFOUSNJOPT
EFDBOUJEBEFTSFDPMFDUBEBTOPBTFOWBMPSFTEFFYQPSUBDJPOFT BVORVFTFEFO
EFTEFIBDFNVDIPTBPT 1BBM
&YJTUFVOBDJFSUBJOUSFQJEF[FOMBSFDPMFDDJO
EFIPOHPTDPNPJOEJDBEPQPSMPTGSFDVFOUFTFOWFOFOBNJFOUPTFJODMVTPNVFSUFT
$IJCJTPWZ%FNJEPWB &WBOT
)BTJEPFYQSFTBEBQSFPDVQBDJO
TPCSFMBTFYQPSUBDJPOFTEFTFOGSFOBEBTEFiDFOUFOBSFTEFUPOFMBEBTwDPO4BO
1FUFSTCVSHPBMBWBOHVBSEJB
'*/-"/%*"
-BTUSBEJDJPOFTDBNCJBOEFTEFFMPSJFOUFNJDPGMJDP JOGMVJEPQPSTVQSPYJNJEBE
DPOMB'FEFSBDJO3VTB BMNFOPTFOUVTJBTUBPDDJEFOUF RVFUPNBTVJOGMVFODJBEF
4VFDJB )SLOFO
)BIBCJEPVOGPNFOUPHFOFSBMQBSBMBSFDPMFDDJOEF
IPOHPTTJMWFTUSFTEFTEFMBTFHVOEBHVFSSBNVOEJBMZVOTJOONFSPEFEFCBUFT
FJOWFTUJHBDJPOFTTPCSFFMJOWFOUBSJPZFTUVEJPTEFMSFOEJNJFOUPBMBSHPQMB[P
3BVUBWBBSB ,PJTUJOFO
BDDFTPBMBTUJFSSBT 4BBTUBNPJOFO

QFSJUPTNJDPMHJDPTMPDBMFT .JMEI )SLOFO

(3&$*"
$PNONFOUFSFDPMFDUBEPTEFMPTCPTRVFTZDPOTVNJEPTFOMBTSFBTSVSBMFT
%JBNBOEJT
1PDPTTPOWFOEJEPTFOMPTNFSDBEPTEFMPTBHSJDVMUPSFT
BVORVFIBIBCJEPVOJODSFNFOUPFOMBSFDPMFDDJODPNFSDJBMRVFFTUDBVTBOEP
QFSQMFKJEBEFT %JBNBOEJT
)BOTJEPDPOTVNJEPTEFTEFUJFNQPTBOUJHVPT
)FUUVMB

)6/(3"
$PNFSDJPEFFYQPSUBDJOZUJFOFVOBUSBEJDJOMPDBMEFSFDPMFDDJOZDPOTVNP
QFSPQPDPTEFUBMMFTEJTQPOJCMFT BQBSUFEFMBTMJTUBTEFMBTFTQFDJFT (SVOFSUZ
(SVOFSU

*5"-*"
*NQPSUBDJPOFTQSFQPOEFSBOUFTEF#PMFUVTFEVMJT CPMFUPT
EFVOBHSBODBOUJEBE
EFQBTFT FYUFOEJOEPTFIBTUB$IJOB NTEFMEFMBTJNQPSUBDJPOFTTFHO
GVOHJJO*UBMZ
Z4VEGSJDB#VTRVFFO )BMMFUBM C
JOGPSNBDJOHFOFSBM
TPCSFMPTCPMFUPT3FDJFOUFNFOUFVO5VCFSJOGFSJPSEF$IJOBIBTJEPJNQPSUBEP
)BMM ;BNCPOFMMJZ1SJNBWFSB B;BOHZ1V
7JTVBMJDFFO#VMMFS

MBTQFSTQFDUJWBTIJTUSJDBT&OFMQBTBEPMBSFDPMFDDJOEF)4$FSBJNQPSUBOUF
QBSBMPTTJTUFNBTEFWJEBZEFTBSSPMMPEFNVDIBTQPCMBDJPOFTEFMBTSFHJPOFT
EFMOPSUF.JFOUSBTUPEBWBIBZVOGVFSUFJOUFSTFOMBSFDPMFDDJOZDPOTVNP
QBSUJDVMBSNFOUFEFCPMFUPTZUSVGBT IBEFDMJOBEPTVJNQPSUBODJBFDPONJDBQBSB
MBTQPCMBDJPOFTMPDBMFT4JOFNCBSHP FYJTUFVOHSBOJOUFSTDPNFSDJBMFOBNCPT
HSVQPTEFIPOHPTDPOEFNBOEBTRVFTPCSFQBTBOFMTVNJOJTUSPMPDBM #PSHIJ

*UBMJBUJFOFVOBJNQSFTJPOBOUFUSBEJDJONJDPMHJDBQFSPIBZVOBFTDBTF[FOMB
JOGPSNBDJOTPCSFMBTUSBEJDJPOFTMPDBMFTZMPTVTPTEF)4$QPSQBSUFEFMBTHFOUFT
-&50/*"
&YQPSUBDJPOFTSFMBUJWBNFOUFNFOPSFT BMNFOPTEFTEFIBTUB
XXXGJOUSBDDPN
5JFOFUSBEJDJPOFTEFVTPMPDBMBOMPHBTBMBTEF&TUPOJBZ
-JUVBOJB 7JMLSJTUF
1BSBMBMJTUBTFMFDDJPOBEBEFMBTFTQFDJFTDPNFTUJCMFT
DPOTVMUF6SCPOBT ,BMBNFFTZ-VLJO

-*56"/*"
1SJODJQBMFTFYQPSUBEPSFTIBDJB"MFNBOJBFOFMQFSPEPEFTEFIBTUB
QFSPFODBOUJEBEFTWBSJBCMFT XXXGJOUSBDDPN
6OBTFTQFDJFTDPNFTUJCMFT
GVFSPOFOVNFSBEBTQPS#VULVTFUBM
6MUFSJPSJOGPSNBDJOFTEJTQPOJCMFFO
3VULBVTLBT

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
."$&%0/*"<FY
3FQCMJDBEF
:VHPTMBWJB>
&YQPSUBEPSFTSFHVMBSFTEFIPOHPTB*UBMJB JODMVZFOEPEF#PMFUVTFEVMJT #PSHIJ

DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJMEFEJCMFGVOHJJO
*UBMZ
ZDPOVOBGVFSUFUSBEJDJOTVHFSJEBEFVTPMPDBM #BVFS1FUSPWTLBFUBM

10-0/*"
"MBDBCF[BEFMBTFYQPSUBDJPOFTEFiTFUBTwFO&VSPQB VOBEFTVTNBZPSFTGVFOUFT
EFJOHSFTPT4FEJDFRVFTPOQJPOFSPTFOMBQSPUFDDJOEFMPT)4$DPOMBTMFZFT
BQSPCBEBTFO -BXSZOPXJD[
5BNCJOUJFOFVOBGVFSUFUSBEJDJOMPDBM
FOMBTSFHJPOFTNTQPCSFT 4OPXBSTLJ DPNVOJDBDJOQFSTPOBM8JMEFEJCMF
GVOHJJO1PMBOE
1BSBJOGPSNBDJOHFOFSBMDPOTVMUFFMTJUJPXFCXXXHS[ZCZQMZ
,BMJOPXTLJ

3&1#-*$"$)&$"
&YQPSUBEPSNFOPSBMBWFDJOB"MFNBOJB QPTJCMFNFOUFSFDPMFDUBEPTFOTVICJUBU
OBUVSBM-BSFDPMFDDJOZFMDPOTVNPMPDBMGVFSPOSFHMBNFOUBEPTIBDFUJFNQP
1JMU
ZQBSFDFOTFSQSJODJQBMNFOUFQBSBFMDPOTVNPJOUFSOP 4JTBL

3&1#-*$"%&.0-%07"
&YQPSUBDJPOFTNFOPSFTEF#PMFUVTFEVMJTB*UBMJB #PSHIJ DPNVOJDBDJO

1BSFDFUFOFSVOB
USBEJDJOEFSFDPMFDDJOZVTPBOMPHBBMBEFMB'FEFSBDJO3VTB
36."/*"
.BZPSFYQPSUBEPSEF)4$ 1PQ

DPOFOWPTSFHVMBSFTEF#PMFUVTFEVMJTB
*UBMJB #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJME
FEJCMFGVOHJJO*UBMZ

4&3#*":.0/5&/&(30
<&Y3FQCMJDBEF
:VHPTMBWJB>
-BTFYQPSUBDJPOFTEF#PMFUVTFEVMJTIBDJB*UBMJBFNQF[BSPOFOMPTBPTTFUFOUB
GVOHJJO*UBMZ
ZEFTEFFOUPODFTIBTJEPSFHVMBSFT-BTFYQPSUBDJPOFTEF#FEVMJTZ
PUSBTFTQFDJFTDSFDJFSPODPOTJEFSBCMFNFOUFFOMPTBPTOPWFOUB DPOJODSFNFOUPT
JNQPSUBOUFTFOFMONFSPEFQFSTPOBTRVFTFHBOBOMBWJEBEFFTUBTBDUJWJEBEFT
DPNFSDJBMFT *WBODFWJD
1FSP QPSFMDPOUSBSJP IBZECJMFTUSBEJDJPOFTEFVTPT
MPDBMFT ;BLMJOB

6$3"/*"
1PTFFJNQPSUBOUFTSFDVSTPTRVFFTUOBMUBNFOUFWBMPSJ[BEPTQPSMBQPCMBDJOMPDBM
;FSPWBZ8BTTFS ;IBOH
)BIBCJEPNVDIBTQSFPDVQBDJPOFTQPSMB
DPOUBNJOBDJOEFNBUFSJBMFTSBEJPBDUJWPTEFTQVTEFMBDDJEFOUFEF$IFSOCJM
QFSPFTUBTJUVBDJOIBTJEPFOTPNCSFDJEBQPSFMDSUJDPJODSFNFOUPEFNVFSUFT
QSPEVDJEPQPSFMDPOTVNPEFMBTFTQFDJFTWFOFOPTBT 7BDIVTLBZ7BDIVTLB

BDPOUFDJNJFOUPTSFMBDJPOBEPTDPOVOBFDPOPNBECJMZDPOVOBEFTFTQFSBEB
CTRVFEBEFBMJNFOUPT "MNPOE

-BT SFDPMFDDJPOFT FO MPT TJHVJFOUFT QBTFT TPO FTFODJBMNFOUF QBSB VTPT PDBTJPOBMFT
JOEJWJEVBMFT-PTDPNFOUBSJPTHFOFSBMFTTFSFGJFSFOBMBTFYQPSUBDJPOFTFJNQPSUBDJPOFT
EFQFOEJFOEPEFMBEJTQPOJCJMJEBEEFJOGPSNBDJO
1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"-&."/*"
1SJODJQBMFTJNQPSUBEPSFTEF)4$ QPSFKFNQMPEF$BOUIBSFMMVT
#-(*$":-69&.#63(0
&YQPSUBDJPOFTEFBMHVOBTFTQFDJFTQFSPDPOEFUBMMFTFTDBTPT-PTDJFOUGJDPTIBO
TVNJOJTUSBEPNBZPSFTDPOUSJCVDJPOFTBMBNJDPMPHBBGSJDBOB 3BNNFMPP

%*/"."3$"
4PMBNFOUFSFDPMFDDJPOFTMPDBMFT QPDPGSFDVFOUFTZFOQFRVFBFTDBMB 1MVN

'3"/$*"
1SJODJQBMJNQPSUBEPSZFYQPSUBEPS BWFDFTEFUFSDFSPTQBTFT FOUSFFMMPT1PSUVHBM

Z&TQBB "OUFTFYQPSUBCBHSBOEFTDBOUJEBEFTEFUSVGBTB*UBMJB
"JOTXPSUI

)BZVOBGVFSUFUSBEJDJOEFSFDPMFDDJOZDPOTVNPEF)4$FOFMTVS QFK
(BTDPOZ 1SPWFO[B
QFSPOPIFNPTFODPOUSBEPJOGPSNBDJOQVCMJDBEBTPCSFMBT
USBEJDJPOFTMPDBMFT
*3-"/%"
6OPEFMPTQSJODJQBMFTFYQPSUBEPSFTBM3FJOP6OJEPQFSPGVOEBNFOUBMNFOUF
{TMP
FTQFDJFTDVMUJWBEBT XXXGJOUSBDDPN

/036&("
&TQFDJFTDPNFTUJCMFTDPNVOFTUBMFTDPNPMPT$BOUIBSFMMVTZMPT#PMFUVTTF
SFDPMFDUBOQBSBDPOTVNPQFSTPOBM
1"4&4#"+04
-EFSFTFVSPQFPTFOMBFYQPSUBDJOEFIPOHPT QSJODJQBMNFOUFEFMBTFTQFDJFT
DVMUJWBEBT

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
10356("-
-BTUSBEJDJPOFTMPDBMFTTPOECJMFT .BSUJOTFUBM

MPRVFIBTJEPFYQMPUBEP
QPSMPTDPNFSDJBOUFTFTQBPMFTZGSBODFTFTRVFIBODSFBEPVOBiBDUJWJEBE
DPNFSDJBMGMPSFDJFOUFZTJODPOUSPMw #BQUJTUB'FSSFJSB
DFOUFOBSFTEF
UPOFMBEBTEF#PMFUVTFEVMJTZFTQFDJFTSFMBDJPOBEBTFYQPSUBEBT
3&*/06/*%0
1SJODJQBMFTJNQPSUBEPSFTEFIPOHPT GVOEBNFOUBMNFOUFEF*SMBOEB WFB

XXXGJOUSBDPN
)BJOJDJBEPVOBDPNFSDJBMJ[BDJOFOQFRVFBFTDBMBEF)4$Z
FYJTUFOFTUVEJPTUJMFTTPCSFMPTSFDPMFDUPSFTZFMDPNFSDJPFOEFTBSSPMMP %ZLFZ
/FXUPO
)BZQSFPDVQBDJPOFTQPSMBTPCSFFYQMPUBDJOZMPTEBPTDBVTBEPT
QPSMPTSFDPMFDUPSFTIBOMMFWBEPBMBJOUSPEVDDJOEFMFZFTMPDBMFTFONVDIPTTJUJPT
FOFMTVSEFMQBT QFKFO/FX'PSFTU &QQJOH'PSFTU

46&$*"
$BOUIBSFMMVTZPUSBTFTQFDJFTDPNVOFTDPNFTUJCMFTTFWFOEFOQFSPOPFYJTUFVOB
GVFSUFUSBEJDJOEFSFDPMFDDJO)BZVOJOUFSTDSFDJFOUFFOMBDVMUJWBDJOEF
USVGBT
46*;"
)BZVOBDPNQFUFODJBJOUFOTBFOUSFMPTSFDPMFDUPSFTQPSMPTSFDVSTPTMPDBMFT WFB
&HMJ "ZFSZ$IBUFMBJO
4FFODVFOUSBJOGPSNBDJOTPCSFMBTJNQPSUBDJPOFTEF
)4$FO8JMMTZ-JQTFZ

"NSJDBEFM/PSUFZ$FOUSBM
JODMVJEBMBSFHJOEFM$BSJCF
7BTF MB *MVTUSBDJO /P IFNPT FODPOUSBEP JOGPSNBDJO TPCSF MPT )4$ Z PUSBT
FTQFDJFTUJMFTFOMPTTJHVJFOUFQBTFT
"OUJHVBZ#BSCVEB"OUJMMBT/FFSMBOEFTBT#BIBNBT#BSCBEPT#FMJDF#FSNVEB
*TMBT7SHFOFT#SJUOJDBT*TMBT$BJNO%PNJOJDB3FQCMJDB%PNJOJDBOB(SBOBEB
(VBEBMVQF.BSUJOJDB.POUTFSSBU/JDBSBHVB1BOBN1VFSUP3JDP4BJOU,JUUTZ
/FWJT4BOUB-VDB4BO1FESPZ.JHVFMO4BO7JDFOUFZMBT(FSBMEJOBT5SJOJEBEZ
5BCBHP*TMBT7SHFOFT &&66

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
$"/"%
&YQPSUBDJPOFTB+BQOZB&VSPQB.VDIBTQVCMJDBDJPOFTEFTDSJCFOMBFYQBOTJO
FOMBSFDPMFDDJOZFMDPNFSDJPEF)4$ QSJODJQBMNFOUFEF$PMPNCJB#SJUOJDB
FMi1BDGJDPOPSPFTUFw
WFB3FEIFBE 5FEEFS .JUDIFMMZ'BSSBO

"MHVOBTQVCMJDBDJPOFTFTUBEPVOJEFOTFTJODMVZFOB$BOBEFOTVTEFCBUFT 1JM[Z
.PMJOB
"OUFSJPSNFOUFMBTQPCMBDJPOFTEFFTUBOBDJOIBCBOSFDPMFDUBEP
ZVTBEPMPT)4$EVSBOUFNVDIPTBPT .BSMFTFUBM

$045"3*$"
&TUVEJPTBWBO[BEPTTPCSFMBEJWFSTJEBEEFNBDSPNJDFUPT BVORVFTJOOJOHO
OGBTJTDMBSPTPCSFMBTFTQFDJFTDPNFTUJCMFT .BUB)JEBMHP
-BTMJTUBTEFMBT
FTQFDJFTDPNFTUJCMFTZWFOFOPTBT 4FO[ -J[BOPZ/BTTBS
DPOGJSNBOVOB
ECJMUSBEJDJOMPDBM
$6#"
1PDBPJOFYJTUFOUFUSBEJDJOEFVTPEFMPT)4$ .JOUFS DPNVOJDBDJO

QFSTPOBM&EJCMFGVOHJJO$IJMF $VCBBOE"SHFOUJOB

&-4"-7"%03
&YQPSUBDJPOFTIBDJB"MFNBOJBQFSPJSSFHVMBSFTZFOQFRVFBFTDBMB-B
BHSJDVMUVSBJOUFOTJWBZMBEFGPSFTUBDJOTVHJFSFOQPDBTSFDPMFDDJPOFTBVORVFTF
PCTFSWBVOBGVFSUFUSBEJDJOFOMBTSFHJPOFTGSPOUFSJ[BTDPO(VBUFNBMB
&45"%046/*%04%&
".3*$"
4POMPTNBZPSFTFYQPSUBEPSFTEFNBUTVUBLFTB+BQO QFSPTPOUBNCJOVO
JNQPSUBOUFJNQPSUBEPSEFVOBHSBODBOUJEBEEFQBTFT5JFOFVOBSJRVTJNB
MJUFSBUVSBZUSBEJDJOTPCSFMBTDJFODJBTNJDPMHJDBTZTPOFMBMNBNBUFSEF
MBFUOPNJDPMPHB WFB4DIVMUFT3JFEMJOHFS
-BTUSBEJDJPOFTEFTV
VTPMPDBMZSFDPMFDDJOTPONFOPSFTEFMPRVFTVHJFSFOMPTFOPSNFTDOPOFT
DJFOUGJDPT&TUBSFBMJEBEEFCFNVDIPBMBGPSNBDJODVMUVSBMEFMPTJONJHSBOUFT
QSPWFOJFOUFTEF&VSPQBZ+BQO TFTBCFNFOPTTPCSFMBJOGMVFODJBEFMPT
JONJHSBOUFTDIJOPTWFBUBNCJOMPTEBUPTEF)BJU
4JOFNCBSHP IBZWFSTJPOFT
JNQPSUBOUFTEFMPTOBUJWPTBNFSJDBOPT QFK,FFXBZEJOPRVBZ

6OJOUFSTNVDIPNTSFDJFOUFTFIBDFOUSBEPFOMBTSFDPMFDDJPOFTQBSBMB
FYQPSUBDJOZMBHSBOFYQBOTJOTVCTJHVJFOUFEFMBTBDUJWJEBEFTDPNFSDJBMFTRVF
HJSBOBMSFEFEPSEFM1BDGJDPOPSPFTUF&TUFDPNFSDJPIBTJEPFTUJNVMBEPQPSVO
EFDMJOPFOMPTUSBCBKPTEFMCPTRVFZFOMBEFNBOEBEFNBUTVUBLFTEFQBSUFEF
+BQO)BZVOBFOPSNFMJUFSBUVSBBMSFTQFDUP WFBVOSFTVNFOJOUFHSBMFO1JM[Z
.PMJOB

(6"5&."-"
'VFSUFTUSBEJDJPOFTFOMBTUJFSSBTBMUBTEFMPFTUF 'MPSFT DPNVOJDBDJO

QFSTPOBM(VBUFNBMBFEJCMFGVOHJ'MPSFT #SBOZ)POSVCJB EF-FO

6OBWFSTJOEFMPTFOWFOFOBNJFOUPT -PHFNBOOFUBM
TVHJFSF
VOBJNQPSUBODJBBNQMJBEFMPT)4$BVORVFQSJODJQBMNFOUFFOMBTNPOUBBTEF
OVFWP-BTFTQFDJFTMPDBMFTDPNFTUJCMFTIBOTJEPEPDVNFOUBEBT 4PNNFSLBNQZ
(V[NO
ZIBZJOGPSNFTIJTUSJDPTEFTVFYJTUFODJBZVTP QFK-PXZ

)"*5
-PTFYQBUSJBEPTIBJUJBOPTDPNQSBOSFHVMBSNFOUF%KPOEKPO H1TBUIZSFMMB

/JFWFT3JWFSB
RVFTFDVMUJWBTPMBNFOUFFO)BJU :FUUFS
DPNVOJDBDJOQFSTPOBM&EJCMFGVOHJGSPN)BJUJGPSTBMFJO#SPPLMZOMJOLUP
FBUJOH1TBUIZSFMMBJO"GSJDB
ZFYQPSUBEPTBUPEPFMNVOEP-PTEFUBMMFTMPDBMFT
EFQSPEVDDJOTPONVZTVQFSGJDJBMFT1PDBTPUSBTFTQFDJFTTJMWFTUSFTDPNFTUJCMFT
TFSFDPMFDUBOZTFQVFEFFODPOUSBSJOGPSNBDJOFO"MQIPOTF BVORVFDPO
QPDPTEFUBMMFT

1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
)0/%63"4
SFBTFYUFOTBTEFCPTRVFTOBUVSBMFTEFQJOPTPOBTPDJBEBTDPOMPT)4$)BZVOB
USBEJDJOBMOPSUF DFSDBEFMBTGSPOUFSBTDPO(VBUFNBMB EPOEFUSFTPDVBUSP
FTQFDJFTTFWFOEFOFOMPTNFSDBEPTMPDBMFT )PVTF DPNVOJDBDJOQFSTPOBM
8JMEFEJCMFGVOHJJO)POEVSBT

+"."*$"
&YQPSUBDJPOFTNFOPSFTFJSSFHVMBSFTEFiTFUBTwIBDJB"MFNBOJB
XXXGJOUSBDDPN
QFSPMPTEFUBMMFTTPONVZFTDBTPT/PFYJTUFVOBUSBEJDJO
PCWJBEF)4$FOFM$BSJCFBFYDFQDJOEF)BJU
.9*$0
6OPEFMPTQBTFTNTJNQPSUBOUFTQPSFMVTPFJNQPSUBODJBEFMBSFDPMFDDJO
QBSBMBTQPCMBDJPOFTSVSBMFT&TJOVTVBMFMTFOUJEPFOFMRVFIBTJEPEFTDSJUP
QPSMPTDJFOUGJDPTMPDBMFT WFBFO7JMMBSSFBMZ1SF[.PSFOP
VOSFTVNFO
JOUFSFTBOUF
6OCVFOBDDFTPFOMOFBBEBUPTJNQPSUBOUFTFO4&3."/"5

&YQPSUBDJPOFTFOQFRVFBFTDBMBEFMBTFTQFDJFTTFMFDDJPOBEBT-PTIPOHPT
TJMWFTUSFTUJFOFOUBNCJOVOQBQFMDVMUVSBMJNQPSUBOUF 3JFEMJOHFS
)BZ
WJHPSPTPTDVFSQPTEFJOWFTUJHBEPSFTRVFUSBCBKBODPOMPT)4$ZQVCMJDBDJPOFT
SFHVMBSFTRVFFTUODFOUSBOEPEFOVFWPMBBUFODJOFOBTQFDUPTTPDJBMFTZ
FDPONJDPTJNQPSUBOUFT
0DFBOB
/P IFNPT FODPOUSBEP JOGPSNBDJO TPCSF MPT )4$ Z PUSBT FTQFDJFT UJMFT FO MPT
TJHVJFOUFQBTFT
*TMBT$PPL1PMJOFTJB'SBODFTB(VBN,JSJCBUJ*TMBT.BSTIBMM.JDSPOFTJB/BVSV
/VFWB$BMFEPOJB3FQCMJDBEF/JVF*TMBT.BSJBOBTEFM/PSUF3FQCMJDBEF1BMBV
4BNPB4BNPB"NFSJDBOB *TMBT4BMPNO5POHB7BOVBUV
1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"6453"-*"
&YJTUFOUJMFTJOGPSNFTTPCSFMPTVTPTBVUDUPOPT ,BMPUBT

'*+*
6OCSFWFJOGPSNF .BSLIBN

EFTDSJCFVOBECJMUSBEJDJOEFSFDPMFDDJOFO
TVICJUBUOBUVSBM
/6&7";&-"/%*"
.TGBNPTBQPSMBTJNQPSUBOUFTJOWFTUJHBDJPOFTZFTGVFS[PTEFEFTBSSPMMPFO
MBDVMUJWBDJOEFMBTFTQFDJFT5VCFS WFBMBJOGPSNBDJOHFOFSBMFO)BMMFUBM
<B>
"OUFTFYQPSUBCBSFMBUJWBNFOUFHSBOEFTDBOUJEBEFTEF"VSJDVMBSJBB$IJOB
$PMFOTP

1"16"/6&7"(6*/&"
6OFTUVEJPFUOPNJDPMHJDPTPCSFVOHSVQPEFHFOUFTEFMBTUJFSSBTBMUBTBSSPKB
VOBJNQPSUBODJBNVDIPNTBNQMJB 4JMMJUPF
6OJOGPSNFTPCSFMPT)4$
VTBEPQPSMBTQPCMBDJPOFTEF(BETVQFOVNFSBNVDIBTFTQFDJFTMPDBMFT 4IBX

JODMVZFOEPMBT"NBOJUBTZMBT3VTTVMBTQFSPMBTGVFOUFTPSJHJOBMFTEFFTUB
JOGPSNBDJO )FJN
OPIBOTJEPFODPOUSBEBT

"NSJDBEFM4VS
)BZ QPDPT JOGPSNFT DPNQMFUPT TPCSF MPT )4$ FO MB SFHJO QFSP EPT EPDVNFOUPT
JNQPSUBOUFTRVFQSFTFOUBOJOGPSNBDJOUJMQSJNFSP 1BSBOFO#SBTJM .FJKFS

ZTFHVOEP MBSFHJOEFM.FSDBEP$PNO4VEBNFSJDBOP .&3$0463
JODMVZFOEP
"SHFOUJOB $IJMFZ6SVHVBZ %FTDIBNQT
7FBMB*MVTUSBDJO
/PTFIBFODPOUSBEPJOGPSNBDJOQBSBMPTTJHVJFOUFTQBTFT
(VZBOB'SBODFTB (VZBOB 1BSBHVBZ 4VSJOBNF 7FOF[VFMB
1"4
640%&-04)0/(044*-7&453&4$0.&45*#-&4
"3(&/5*/"
-PTIPOHPTDPMNFOJMMBTFSFDPMFDUBOZTFWFOEFOMPDBMNFOUFZIBZSFDPMFDDJPOFT
DPNFSDJBMFTEF4VJMMVTMVUFVTDFSDBEF#BSJMPDIF (BNVOE DPNVOJDBDJO
QFSTPOBM&EJCMFGVOHJDPMMFDUFEJO"SHFOUJOB
-BTFTQFDJFT$JUUBSJBTPODPOTVNJEBT
FOFMTVS .JOUFS $BOOPOZ1FSFEP
3FDJFOUFNFOUFIBTJEPQVCMJDBEBVOB
QFSTQFDUJWBHFOFSBMTPCSFMPT)4$FOMBTSFHJPOFTEFM.&3$0463 %FTDIBNQT

#0-*7*"
/PTFIBFODPOUSBEPJOGPSNBDJOTPCSFTVVTPMPDBM6OBNVKFSFTUBCBWFOEJFOEP
-FVDPBHBSJDVTIPSUFOTJTFOVONFSDBEPEF$PDIBCBNCBFO MPRVFTVHJFSFRVF
TFFGFDUBOBMHVOBTSFDPMFDDJPOFT PCTFSWBDJOQFSTPOBM
-BWFOEFEPSBFSBMBOJDB
QFSTPOBRVFWFOEB)4$ ZFODBOUJEBEFTEFNFOPTEFVOLH

#3"4*-
1BTDPOVOBSJDBUSBEJDJONJDPMHJDBEFTEFFMQVOUPEFWJTUBDJFOUGJDPQFSPVOBECJM
USBEJDJOEFVTPEF)4$-PTFTUVEJPTFUOPNJDPMHJDPTFOFM"NB[POBT 1SBODF

SFWFMBOVOVTPJNQPSUBOUFFOQFRVFBFTDBMBDPONJSBTBNBZPSFTSFDPMFDDJPOFT
QBSBMPTEFNTIBCJUBOUFTEFMBTGPSFTUBTFO$PMPNCJB #PMJWJB 1FSZ7FOF[VFMB
"QFTBSEFMBJNQPSUBOUFJONJHSBDJOJUBMJBOBB3P(SBOEFEP4VM OPTFSFQPSUBO
SFDPMFDDJPOFT BVORVFFYJTUFOHSBOEFTQMBOUBDJPOFTEFQJOPT 4DIJGJOP8JUUNBOO
DPNVOJDBDJOQFSTPOBM&BUJOHGVOHJJOTPVUI#SB[JM
-BJOGMVFODJBEFVOB
QPCMBDJOUOJDBKBQPOFTBNTHSBOEFFYUSBBNFOUFIBEFTBQBSFDJEP BVORVFMPT
"HBSJDVTCMB[FJ VOBFTQFDJFNFEJDJOBM GVFSPOEFTDVCJFSUPTBQBSFOUFNFOUFQPSVO
EFTDFOEJFOUFKBQPOT&MIPOHPFTFYQPSUBEPB+BQO&MVTPFOQFRVFBFTDBMBEF
)4$FOUSFMPTFVSPQFPTFTDPNFOUBEPQPS.FJKFS

$)*-&
&M4VJMMVTMVUFVTFTFYQPSUBEPEFMBTQMBOUBDJPOFTGPSFTUBMFT WFB'"0 B

)BZ
VOBUSBEJDJOJOEHFOBMPDBM<.BQVDIF>EFDPOTVNPEF$ZUUBSJB VOIPOHPQBSTJUP
DVSJPTTJNPFOGPSNBEFCPMBEFHPMGFOMBT[POBTEFMPT/PUIPGBHVT SBVM
DIJMFOPT
.JOUFS $BOOPOZ1FSFEP
6OBMJTUBDPNQMFUBEFMPTIPOHPTDPOTVNJEPT
MPDBMNFOUFFTEJTQPOJCMF '"0 C
ZMBBOUFSJPSJOGPSNBDJOQSPQPSDJPOBEFUBMMFT
EFMBTPQFSBDJPOFTEFSFDPMFDDJOFOMB3FHJO7** '"0 B

$0-0.#*"
6OBHVBSFDJFOUFTPCSFMPTNBDSPNJDFUPT 'SBODP.PMBOP "MEBOB(NF[Z)BMMJOH

JODMVZFMBTFTQFDJFTDPNFTUJCMFTQFSPOPUJFOFJOGPSNBDJOEFMBTQSDUJDBT
MPDBMFTFOMBSFHJOBOEJOB
&$6"%03
&YQPSUBEPSFTJSSFHVMBSFTZFOQFRVFBFTDBMBEFCPMFUPT EFQJOPT
QSJODJQBMNFOUF
BVORVFOPUPUBMNFOUFB&TUBEPT6OJEPT 3PKBTZ.BOTVS
-BQSJODJQBMFTQFDJF
FODPOUSBEBFTMB4VJMMVTMVUFVT )FEHFS

1&3
-BMJTUBQSFMJNJOBSEFMPT)4$OPQSFTFOUBEFUBMMFTEFMBTQSDUJDBTMPDBMFT 3FNPUUJZ
$PMBO
6OFTUVEJPFUOPDJFOUGJDPTVHJFSFVOBSFDPMFDDJONTBNQMJBQPSQBSUF
EFMBQPCMBDJOSVSBM 'SBORVFNPOUFUBM

636(6":
6OBSFDJFOUFQFSTQFDUJWBHFOFSBMTPCSFMP)4$IBTJEPQVCMJDBEB %FTDIBNQT

&OVNFSBWBSJBTFTQFDJFTRVFIBOTJEPDPNFSDJBMJ[BEBT WFBFM"OFYP

"/&90
3FHJTUSPTQPSQBTEFMPT)46
DPNFTUJCMFT NFEJDJOBMFTZPUSPT
VTPT
&TUB MJTUB JODMVZF VOBT FTQFDJFT SFHJTUSBEBT FO QBTFT Z IB TJEP QSFQBSBEB B
QBSUJS EF VOB CBTF EF EBUPT QSFMJNJOBS EF JOGPSNBDJO QVCMJDBEB -B JOGPSNBDJO EF
MB3FQCMJDBEF$PSFB +BQOZ5BJXO QSPWJODJBEF$IJOB OPIBTJEPJODMVJEBZMPT
SFHJTUSPTEFMPTQBTFTFVSPQFPTTPOMJNJUBEPT 3FDVBESP
-BMJUFSBUVSBNJDPMHJDBFT
FYUFOTJWBFONVDIPTQBTFTEFTBSSPMMBEPTQFSP BNFOVEP OPIBZJOEJDBDJPOFTDMBSBTEF
DVBMFTFTQFDJFTTPODPOTVNJEBTDPNPiBMJNFOUPu-PTSFHJTUSPTEF&TUBEPT6OJEPTZ
$BOBETPOEFM1BDGJDPOPSPFTUFPEFJOGPSNFTEFMBTQSJNFSBTQPCMBDJPOFTBVUDUPOBT
-PTJOGPSNFTEF"VTUSBMJBTPOTPMBNFOUFTPCSFFMVTPQPSQBSUFEFMPTBCPSHFOFT
-BTFTQFDJFTBOOPEFOPNJOBEBTIBOTJEPFYDMVJEBTBNFOPTRVFTFIBZBFODPOUSBEP
PUSPTOPNCSFTEFFTQFDJFTQBSBFTFHOFSPFOVOQBTQBSUJDVMBS%FFTUFNPEP OPIBO
TJEPJODMVJEBTMBTFTQFDJFT"HBSJDVT BVORVFTFIBZBOJODMVJEPMPT"HBSJDVTDBNQFTUSJT
4MPMPTVTPTEFJNQPSUBODJBFDPONJDBZPQSDUJDBIBOTJEPJODMVJEPT IBCJFOEP
PNJUJEPMPTVTPTDFSFNPOJBMFTPSFMJHJPTPT
-PTDPSDIFUFT QPSFKFNQMP<DPNFTUJCMF> TPOVUJMJ[BEPTQBSBJOEJDBSJODFSUJEVNCSF
BDFSDBEFMVTPFOMBGVFOUFEFJOGPSNBDJO
-PT UBYPOPNJTUBT VTBO WBSJBT GPSNBT QBSB DMBTJGJDBS VO OPNCSF FTQFDGJDP DG Z
BGG JOEJDBO RVF FM FTQDJNFO FYBNJOBEPFTNVZDFSDBOPBMBFTQFDJFDMBTJGJDBEB QFK
"NBOJUBBGGSVCFTDFOT
QFSPOPFTUOTFHVSPTBMDJFOQPSDJFO-BTMFUSBTTMTJHOJGJDBO
TFOTVMBUPPiFOTFOUJEPHFOFSBMu
6OB MJTUB DPNQMFUB EF UPEBT MBT FTQFDJFT Z QBTFT QVFEF TFS WJTVBMJ[BEB FO
XXXXJMEVTFMGVOHJPSH $POUJFOF UPEPT MPT EFUBMMFT TPCSF MPT VTPT SFHJTUSBEPT Z
QSPQJFEBEFT F JODMVZF +BQO Z MB 'FEFSBDJO EF 3VTJB 4FSHFFWB
DPO VOB MJTUB
FYIBVTUJWBEFMPT)4$EF$IJOB .BP
&TUBCBTFEFEBUPTRVFTFQVFEFCVTDBS
GDJMNFOUFDPOUJFOFVOPTSFHJTUSPTEFQBTFTZTVNJOJTUSBMPTOPNCSFTWMJEPT
EFMBTFTQFDJFT
"'("/*45/
#BUSB 4BCSBZ8BMUFS
"3(&-*"
"MTIFJLIZ5SBQQF ,ZUPWVPSJ
.PSDIFMMB
DPNFTUJCMF
5JSNBOJBOJWFB
DPNFTUJCMF
1PEBYJTQJTUJMMBSJT
DPNFTUJCMF
5JSNBOJBQJOPMJ
DPNFTUJCMF
5SJDIPMPNBOBVTFPTVN
DPNFTUJCMF
"/(0-"
3BNNFMPPZ8BMMFZO
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
"3(&/5*/"
%FTDIBNQT (BNVOEZ)PSBL
5FSNJUPNZDFTTQ
DPNFTUJCMF
$ZUUBSJBIBSJPUJJ
BMJNFOUP
.PSDIFMMBFMBUB
BMJNFOUP
.PSDIFMMBJOUFSNFEJB
BMJNFOUP
1IMFCPQVTCSVDIJJ
BMJNFOUP
4VJMMVTMVUFVT
BMJNFOUP
"3"#*"4"6%*5"
"MTIFJLIZ5SBQQF #PLIBSZZ1BSWF[
,JSLFUBM
1BSNFMJBBVTUSPTJOFOTJT
BMJNFOUP
5FSGF[JBDMBWFSZJ
DPNFTUJCMF
5JSNBOJBOJWFB
DPNFTUJCMF

"3.&/*"
/BOBHVZMBO DPNVOJDBDJOQFSTPOBM
"HBSJDVTCJTQPSVT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
BMJNFOUP
"HBSJDVTTJMWBUJDVT
BMJNFOUP
"SNJMMBSJBNFMMFB
BMJNFOUP
$BMPDZCFHBNCPTB
BMJNFOUP
BMJNFOUP
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
-FQJTUBOVEB
BMJNFOUP
-FQJTUBQFSTPOBUB
BMJNFOUP
.BDSPMFQJPUBFYDPSJBUB
BMJNFOUP
.BDSPMFQJPUBQSPDFSB
BMJNFOUP
1MFVSPUVTFSZOHJJ
BMJNFOUP
1MFVSPUVTPTUSFBUVT
BMJNFOUP
4VJMMVTHSBOVMBUVT
BMJNFOUP
4VJMMVTMVUFVT
BMJNFOUP
"6453"-*"
,BMPUBT
"NBOJUBTUSPCJMBDFPWPMWBUB
BMJNFOUP
"NBOJUBTVCWJTDPTB
BMJNFOUP
"NBOJUBYBOUIPHBMB
BMJNFOUP
"VSJDVMBSJBDPSOFB
BMJNFOUP
#PMFUVTQTFVEPMPPTJJ
BMJNFOUP
#PMFUVTTQ
BMJNFOUP
$BMWBUJBTVCUPNFOUPTB
BMJNFOUP
$BOUIBSFMMVTDPOHPMFOTJT
BMJNFOUP
$BOUIBSFMMVTGMPSJEVMVT
BMJNFOUP
$BOUIBSFMMVTQMBUZQIZMMVT
BMJNFOUP
$IMPSPQIZMMVNDG
NPMZCEJUFT
BMJNFOUP
$MJUPDZCFTMTQ
BMJNFOUP
$MJUPDZCVMBTQ
BMJNFOUP
$SBUFSFMMVTCFOJOFOTJT
BMJNFOUP
$SBUFSFMMVTDPSOVDPQJPJEFT
BMJNFOUP
%BMEJOJBDPODFOUSJDB
NFEJDJOBM
(FSSPOFNBTQ
BMJNFOUP
(ZNOPQVTMVYVSJBOT
BMJNFOUP
#BUUBSSFBTUFWFOJJ
EFTDPOPDJEP
)FCFMPNBUFSNJUBSJB
BMJNFOUP
#PMFUVTTQ
DPNFTUJCMF
*OPDZCFHCBEKJJ
BMJNFOUP
$IPJSPNZDFTBCPSJHJOVN
BMJNFOUP
*OPDZCFTRVBNBUB
BMJNFOUP
$ZUUBSJBHVOOJJ
BMJNFOUP
-BDUBSJVTCBMJPQIBFVT
BMJNFOUP
'JTUVMJOBIFQBUJDB
BMJNFOUP
-BDUBSJVTEFOTJGPMJVT
BMJNFOUP
.POUBHOJUFTDBOEPMMFJ
EFTDPOPDJEP
-BDUBSJVTFEVMJT
BMJNFOUP
.ZDPDMFMBOEJBCVMVOEBSJ
BMJNFOUP NFEJDJOBM
-BDUBSJVTGMBNNBOT
BMJNFOUP
1IFMMJOVTSJNPTVT
NFEJDJOBM
-BDUBSJVTHZNOPDBSQPJEFT
BMJNFOUP
1IFMMPSJOJBIFSDVMFBOB
PUSPToNPSUBM
-BDUBSJVTMBUJGPMJVT
BMJNFOUP
1IFMMPSJOJBTUSPCJMJOB
EFTDPOPDJEP
-BDUBSJVTMVUFPQVT
BMJNFOUP
1JTPMJUIVTUJODUPSJVT
BMJNFOUP NFEJDJOBM
BMJNFOUP
1PEBYJTQJTUJMMBSJT
PUSPToDPTNUJDB
-BDUBSJVT
QTFVEPHZNOPDBSQVT
-BDUBSJVTQVNJMVT
BMJNFOUP
1PMZQPSVTFVDBMZQUPSVN
BMJNFOUP ZFTDB
-BDUBSJVTTBQPOBDFPVT
BMJNFOUP
1PMZQPSVTNZMJUUBF
BMJNFOUP
-BDUBSJVTTQFDJFT
BMJNFOUP
1ZDOPQPSVTTBOHVJOFVT
NFEJDJOBM
-BDUBSJVTTQFDJFT
BMJNFOUP
4FDPUJVNTQ
NFEJDJOBM
-BDUBSJVTUFOFMMVT
BMJNFOUP
#&/*/
"OUPOJOZ'SBJUVSF %F(SPPUF
%F,FTFM DPNVOJDBDJOQFSTPOBM
%F,FTFM$PEKJBZ:PSPV 8BMMFZO
Z3BNNFMPP :PSPVZ%F,FTFM
:PSPVFUBM
-BDUBSJVTWPMFNPJEFT
BMJNFOUP
"HBSJDVTCJTQPSVT
BMJNFOUP
"HBSJDVTCVMCJMMPTVT
-FOUJOVTTQ
BMJNFOUP
-FOUJOVTUVCFSSFHJVN
BMJNFOUP
-FOUJOVTWFMVUJOVT
BMJNFOUP
-FOUJOVTTRVBSSPTVMVT
BMJNFOUP
BMJNFOUP
-FQJTUBEJOBIPVOB
BMJNFOUP
"HBSJDVTHPPTTFOTJBF
BMJNFOUP
-FQJTUBTQ
BMJNFOUP
"HBSJDVTWPMWBUVMVT
BMJNFOUP
-FVDPBHBSJDVTCSFTBEPMBF
BMJNFOUP
"HSPDZCFIPXFBOB
BMJNFOUP
-FVDPBHBSJDVTTQOPW
BMJNFOUP
"NBOJUBBGGSVCFTDFOT
BMJNFOUP
-FVDPBHBSJDVTTQ
BMJNFOUP
"NBOJUBDSBTFPEFSNB
BMJNFOUP
-ZDPQFSEPOTQ
BMJNFOUP
"NBOJUBDSBTTJDPOVT
BMJNFOUP
.BDSPDZCFMPCBZFOTJT
BMJNFOUP
"NBOJUBMPPTJJ
BMJNFOUP
.BSBTNJVTCFDPMBDPOHPMJ
BMJNFOUP
"NBOJUBNBTBTJFOTJT
BMJNFOUP
.BSBTNJVTIFJOFNBOOJBOVT
DPNFTUJCMF
"OFYP3FHJTUSPTQPSQBTEFMPT)46 DPNFTUJCMFT NFEJDJOBMFTZPUSPTVTPT

BMJNFOUP
5SJDIPMPNBNBUTVUBLF
.BSBTNJVTTQQ
BMJNFOUP
/PUIPQBOVTIZHSPQIBOVT
BMJNFOUP
#*&-03364*"
.BMZJ
0DUBWJBOJBJWPSZBOB
BMJNFOUP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
BMJNFOUP
#PMFUVTFEVMJT
DPNFTUJCMF
1MFVSPUVTDZTUJEJPTVT
BMJNFOUP
DPNFTUJCMF
1MFVSPUVTEKBNPS
BMJNFOUP
(ZSPNJUSBFTDVMFOUB
DPNFTUJCMF
1MFVSPUVTTQ
BMJNFOUP
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
1PMZQPSVTTQ
NFEJDJOBM
-BDUBSJVTOFDBUPS
DPNFTUJCMF
1TBUIZSFMMBTQ
BMJNFOUP
-BDUBSJVTUPSNJOPTVT
DPNFTUJCMF
1TBUIZSFMMBUVCFSDVMBUB
BMJNFOUP
-FDDJOVNBVSBOUJBDVN
DPNFTUJCMF
3VCJOPCPMFUVTSPTFPBMCVT
BMJNFOUP
-FDDJOVNTDBCSVN
DPNFTUJCMF
3VTTVMBBGGWJSFTDFOT
BMJNFOUP
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
3VTTVMBDFMMVMBUBWBSOJHSB
BMJNFOUP
4VJMMVTMVUFVT
DPNFTUJCMF
3VTTVMBDFMMVMBUB
BMJNFOUP
5SJDIPMPNBGMBWPWJSFOT
DPNFTUJCMF
3VTTVMBDPNQSFTTB
BMJNFOUP
5SJDIPMPNBQPSUFOUPTVN
DPNFTUJCMF
3VTTVMBDPOHPBOB
BMJNFOUP
9FSPDPNVTTVCUPNFOUPTVT
DPNFTUJCMF
3VTTVMBHSJTFB
BMJNFOUP
3VTTVMBNFMFBHSJT
BMJNFOUP
#0-*7*"
#PB DPNVOJDBDJOQFSTPOBM
3VTTVMBPMFJGFSB
BMJNFOUP
3VTTVMBQTFVEPQVSQVSFB
BMJNFOUP
3VTTVMBUFTUBDFB
BMJNFOUP
BMJNFOUP
5FSNJUPNZDFTBVSBOUJBDVT
BMJNFOUP
5FSNJUPNZDFTDMZQFBUVT
BMJNFOUP
5FSNJUPNZDFTGVMHJOPTVT
BMJNFOUP
#3"4*1SBODF XXXBHBSJDVTOFU
5FSNJUPNZDFTMFUFTUVJ
BMJNFOUP
"HBSJDVTCMB[FJ
NFEJDJOBM
5FSNJUPNZDFTNFEJVT
BMJNFOUP
"VSJDVMBSJBGVTDPTVDDJOFB
BMJNFOUP
5FSNJUPNZDFTNJDSPDBSQVT
BMJNFOUP
$PMMZCJBQTFVEPDBMPQVT
BMJNFOUP
5FSNJUPNZDFTSPCVTUVT
BMJNFOUP
$PMMZCJBTVCQSVJOPTB
BMJNFOUP
5FSNJUPNZDFTTDIJNQFSJ
BMJNFOUP
'BWPMVTCSBTJMJFOTJT
BMJNFOUP
5FSNJUPNZDFTTUSJBUVT
BMJNFOUP
'BWPMVTCSVOOFPMVT
BMJNFOUP
5ZMPQJMVTTQ
BMJNFOUP
'BWPMVTTUSJBUVMVT
BMJNFOUP
7PMWBSJFMMBFBSMFJ
BMJNFOUP
'BWPMVTUFTTFMBUVT
BMJNFOUP
7PMWBSJFMMBWPMWBDFB
BMJNFOUP
(MPFPQPSVTDPODIPJEFT
BMJNFOUP
(ZNOPQJMVTFBSMFJ
BMJNFOUP
(ZNOPQJMVTIJTQJEFMMVT
BMJNFOUP
)ZEOPQPMZQPSVTQBMNBUVT
BMJNFOUP
-BDUPDPMMZCJBBFRVBUPSJBMJT
BMJNFOUP
-FOUJOVTDSJOJUVT
BMJNFOUP
-FOUJOVTHMBCSBUVT
BMJNFOUP
-FOUJOVTTUSJHPTVT
BMJNFOUP
-FOUJOVTWFMVUJOVT
BMJNFOUP
#)65/
/BNHZFM
BMJNFOUP
BMJNFOUP
#0548"/"
3BNNFMPP:8BMMFZO 5BZMPSFUBM
.PSDIFMMBDPOJDB
DPNFTUJCMF
5FSGF[JBCPVEJFSJ
DPNFTUJCMF
5FSGF[JBQGFJMJJ
BMJNFOUP
"MCBUSFMMVTTQ
<DPNFTUJCMF>
$BMPDFSBWJTDPTB
<DPNFTUJCMF>
DPNFTUJCMF
$PQSJOVTTQ
<DPNFTUJCMF>
(PNQIVTGMPDDPTVT
DPNFTUJCMF
)ZHSPQIPSVTSVTTVMB
<DPNFTUJCMF>
-BDUBSJVTIBUTVEBLF
<DPNFTUJCMF>
DPNFTUJCMF
-FVDPDPQSJOVT
DIFJNPOPDFQT
BMJNFOUP
-BDUBSJVTQJQFSBUVT
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
/FPDMJUPDZCFCZTTJTFEB
BMJNFOUP
-ZPQIZMMVNGVNPTVN
<DPNFTUJCMF>
1IPMJPUBCJDPMPS
BMJNFOUP
3BNBSJBTQ
<DPNFTUJCMF>
1MFVSPUVTDPODBWVT
BMJNFOUP
<DPNFTUJCMF>
1PMZQPSVTBRVPTVT
BMJNFOUP
4VJMMVTQJDUVT

1PMZQPSVTJOEJHFOVT
BMJNFOUP
#PMFUVTSFHJVT
<DPNFTUJCMF>
1PMZQPSVTTBQVSFNB
BMJNFOUP
#PMFUVTSIPEPYBOUIVT
EFTDPOPDJEP
1PMZQPSVTTUJQJUBSJVT
BMJNFOUP
#PMFUVTSVGVT
EFTDPOPDJEP
1PMZQPSVTUSJDIPMPNB
BMJNFOUP
#PMFUVTTDBCFS
<DPNFTUJCMF>
BMJNFOUP
#PMFUVTTVCUPNFOUPTVT
<DPNFTUJCMF>
5SBNFUFTDVCFOTJT
BMJNFOUP
#PMFUVTTVMQIVSFVT
EFTDPOPDJEP
5SBNFUFTPDISBDFB
BMJNFOUP
#PMFUVTUVCFSPTVT
EFTDPOPDJEP
5SJDIBQUVNUSJDIPNBMMVN
BMJNFOUP
#PMFUVTWFSTJQFMMJT
EFTDPOPDJEP
#6-("3*"
*PSEBOPW 7BOFWBOE'BLJSPWB
#PWJTUBHJHBOUFB
EFTDPOPDJEP
#PWJTUBOJHSFTDFOT
EFTDPOPDJEP
"HBSJDVTBSWFOTJT
<DPNFTUJCMF>
$BMPDZCFHBNCPTB
DPNFTUJCMF
"HBSJDVTBVSBOUJVT
EFTDPOPDJEP
$BMWBUJBDBFMBUB
<DPNFTUJCMF>
"HBSJDVTCVMCPTVT
EFTDPOPDJEP
$BMWBUJBNBYJNB
EFTDPOPDJEP
"HBSJDVTDBNQFTUSJT
<DPNFTUJCMF>
$BMWBUJBVUSJGPSNJT
<DPNFTUJCMF>
"HBSJDVTDPNQUVMVT
EFTDPOPDJEP
$BNBSPQIZMMVTQSBUFOTJT
<DPNFTUJCMF>
"HBSJDVTNBDVMBUVT
EFTDPOPDJEP
DPNFTUJCMF
"HBSJDVTQTFVEPBVSBOUJBDVT
EFTDPOPDJEP
$BOUIBSFMMVTDMBWBUVT
EFTDPOPDJEP
"HBSJDVTTJMWBUJDVT
<DPNFTUJCMF>
<DPNFTUJCMF>
"MCBUSFMMVTDPOGMVFOT
<DPNFTUJCMF>
$BOUIBSFMMVT
JOGVOEJCVMJGPSNJT
"MCBUSFMMVTPWJOVT
<DPNFTUJCMF>
$BOUIBSFMMVTUVCJGPSNJT
DPNFTUJCMF
"NBOJUBBSHFOUFB
<DPNFTUJCMF>
$ISPPHPNQIVTSVUJMVT
<DPNFTUJCMF>
$MBWBSJBGPSNPTB
EFTDPOPDJEP
$MBWBSJBQBMMJEB
EFTDPOPDJEP
$MBWBSJBQJTUJMMBSJT
EFTDPOPDJEP
$MBWBSJBEFMQIVTQJTUJMMBSJT
DPNFTUJCMF
$MJUPDZCFHFPUSPQB
<DPNFTUJCMF>
$MJUPDZCFHJCCB
<DPNFTUJCMF>
$MJUPDZCFJOGVOEJCVMJGPSNJT
<DPNFTUJCMF>
$MJUPDZCFMBDDBUB
EFTDPOPDJEP
$MJUPDZCFNBYJNB
EFTDPOPDJEP
"NBOJUBDBFTBSFB
<DPNFTUJCMF>
"NBOJUBGVMWB
<DPNFTUJCMF>
"NBOJUBQVTUVMBUB
EFTDPOPDJEP
"NBOJUBSVCFOT
EFTDPOPDJEP
"NBOJUBSVCFTDFOT
DPNFTUJCMF
"NBOJUBTQJTTB
<OPDPNJEP>
"NBOJUBWBHJOBUB
<DPNFTUJCMF>
"NBOJUPQTJTWBHJOBUB
<DPNFTUJCMF>
"NBOJUPQTJTWBHJOBUBWBS
BMCB
<DPNFTUJCMF>
$MJUPDZCFOFCVMBSJT
DPNFTUJCMF
QMVNCFB
<DPNFTUJCMF>
$MJUPDZCFPEPSB
DPNFTUJCMF
VNCSJOPMVUFB
<DPNFTUJCMF>
$MJUPDZCFPMFBSJB
EFTDPOPDJEP
$MJUPDZCFQIPTQIPSFB
EFTDPOPDJEP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
$MJUPDZCFWJSJEJT
EFTDPOPDJEP
"SNJMMBSJBPTUPZBF
EFTDPOPDJEP
$MJUPQJMVTQSVOVMVT
<DPNFTUJCMF>
#PMFUVTBFSFVT
<DPNFTUJCMF>
$PMMZCJBCBEJB
EFTDPOPDJEP
#PMFUVTCVMCPTVT
EFTDPOPDJEP
<DPNFTUJCMF>
#PMFUVTDBVEJDJOVT
EFTDPOPDJEP
$PQSJOVTDPNBUVT
DPNFTUJCMF
#PMFUVTDPNNVOJT
EFTDPOPDJEP
$PQSJOVTQPSDFMBOVT
EFTDPOPDJEP
#PMFUVTDSBTTVT
EFTDPOPDJEP
$PSUJOBSJVTQSBFTUBOT
<DPNFTUJCMF>
#PMFUVTDZBOFTDFOT
EFTDPOPDJEP
$SBUFSFMMVTDMBWBUVT
EFTDPOPDJEP
#PMFUVTFEVMJT
DPNFTUJCMF
DPNFTUJCMF
#PMFUVTFMFHBOT
<DPNFTUJCMF>
%FOUJOVNSFQBOEVN
EFTDPOPDJEP
#PMFUVTFSZUISPQVT
<DPNFTUJCMF>
'JTUVMJOBCVHMPTTPJEFT
EFTDPOPDJEP
#PMFUVTFTDVMFOUVT
EFTDPOPDJEP
'JTUVMJOBIFQBUJDB
DPNFTUJCMF
#PMFUVTMFVDPQIBFVT
EFTDPOPDJEP
'MBNNVMJOBWFMVUJQFT
<DPNFTUJCMF>
#PMFUVTMVSJEVT
<DPNFTUJCMF>
(PNQIJEJVTHMVUJOPTVT
DPNFTUJCMF
#PMFUVTNJOJBUPQPSVT
EFTDPOPDJEP
(PNQIJEJVTWJTDJEVT
EFTDPOPDJEP
#PMFUVTQVSQVSFVT
EFTDPOPDJEP
(PNQIVTDMBWBUVT
DPNFTUJCMF
(ZSPNJUSBFTDVMFOUB
<DPNFTUJCMF>
(ZSPQPSVTDBTUBOFVT
<DPNFTUJCMF>
(ZSPQPSVTDZBOFTDFOT
<DPNFTUJCMF>
)FMWFMMBDSJTQB
DPNFTUJCMF
)FMWFMMBMBDVOPTB
DPNFTUJCMF
)FMWFMMBNJUSB
EFTDPOPDJEP
)FMWFMMBNPOBDFMMB
EFTDPOPDJEP
)FMWFMMBOJWFB
EFTDPOPDJEP
)FMWFMMBTVMDBUB

.PSDIFMMBFTDVMFOUBWBS
WVMHBSJT
EFTDPOPDJEP
.PSDIFMMBSJNPTJQFT
EFTDPOPDJEP
/FWSPQIZMMVNDMBWBUVN
EFTDPOPDJEP
1IBMMVTDSJTQVT
EFTDPOPDJEP
1IMFHNBDJVNQSBFTUBOT
EFTDPOPDJEP
1IPMJPUBDBQFSBUB
EFTDPOPDJEP
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVTG
TBMJHOVT
<DPNFTUJCMF>
EFTDPOPDJEP
1MFVSPUVTPTUSFBUVTWBS
DPMVNCJOVT
<DPNFTUJCMF>
)ZEOVNSFQBOEVN
DPNFTUJCMF
<DPNFTUJCMF>
)ZHSPDZCFQVOJDFB
<DPNFTUJCMF>
1MVUFVTDFSWJOVT
DPNFTUJCMF
)ZHSPQIPSVTFCVSOFVT
<DPNFTUJCMF>
1PMZQPSVTDPOGMVFOT
EFTDPOPDJEP
)ZHSPQIPSVTQVOJDFVT
EFTDPOPDJEP
1PMZQPSVTPWJOVT
EFTDPOPDJEP
)ZHSPQIPSVTSVTTVMB
<DPNFTUJCMF>
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
*YPDPNVTCPWJOVT
EFTDPOPDJEP
1TFVEPIZEOVNHFMBUJOPTVN <DPNFTUJCMF>
*YPDPNVTFMFHBOT
EFTDPOPDJEP
1UZDIPWFSQBCPIFNJDB
DPNFTUJCMF
*YPDPNVTMVUFVT
EFTDPOPDJEP
3BNBSJBBVSFB
DPNFTUJCMF
,SPNCIPM[JBBVSBOUJBDB
EFTDPOPDJEP
3BNBSJBCPUSZUJT
DPNFTUJCMF
,VFIOFSPNZDFTNVUBCJMJT
<DPNFTUJCMF>
3BNBSJBGMBWB
<DPNFTUJCMF>
-BDDBSJBBNFUIZTUJOB
DPNFTUJCMF
3BNBSJBNBJSFJ
<DPNFTUJCMF>
-BDDBSJBMBDDBUB
DPNFTUJCMF
3IPEPQBYJMMVTQFSTPOBUVT
EFTDPOPDJEP
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
3IPEPQIZMMVTTJOVBUVT
EFTDPOPDJEP
-BDUBSJVTQFSHBNFOVT
EFTDPOPDJEP
3P[JUFTDBQFSBUVT
DPNFTUJCMF
-BDUBSJVTQJQFSBUVT
DPNFTUJCMF
3VTTVMBBMVUBDFB
DPNFTUJCMF
-BDUBSJVTUPSNJOPTVT
<DPNFTUJCMF>
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
3VTTVMBFNFUJDB
<DPNFTUJCMF>
-BDUBSJVTWPMFNVT
DPNFTUJCMF
3VTTVMBPMJWBDFB
<DPNFTUJCMF>
<DPNFTUJCMF>
3VTTVMBWFTDB
<DPNFTUJCMF>
DPNFTUJCMF
3VTTVMBWJSFTDFOT
<DPNFTUJCMF>
-BTJPTQIBFSBHJHBOUFB
EFTDPOPDJEP
3VTTVMBYFSBNQFMJOB
DPNFTUJCMF
-FDDJOVNBVSBOUJBDVN
<DPNFTUJCMF>
4BSDPEPOJNCSJDBUVT
DPNFTUJCMF
-FDDJOVNTDBCSVN
DPNFTUJCMF
4DMFSPEFSNBDJUSJOVN
<DPNFTUJCMF>
-FQJTUBOVEB
<DPNFTUJCMF>
4DMFSPEFSNBWVMHBSF
EFTDPOPDJEP
-FQJTUBQFSTPOBUB
DPNFTUJCMF
4DVUJHFSDPOGMVFOT
EFTDPOPDJEP
-JNBDJVNFCVSOFVN
EFTDPOPDJEP
4DVUJHFSPWJOVT
<DPNFTUJCMF>
-ZDPQFSEPODBFMBUVN
<DPNFTUJCMF>
4VJMMVTCPWJOVT
<DPNFTUJCMF>
-ZDPQFSEPOFDIJOBUVN
EFTDPOPDJEP
4VJMMVTHSBOVMBUVT
<DPNFTUJCMF>
-ZDPQFSEPOHFNNBUVN
DPNFTUJCMF
4VJMMVTHSFWJMMFJ
<DPNFTUJCMF>
-ZDPQFSEPOQFSMBUVN
DPNFTUJCMF
4VJMMVTMVUFVT
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
5SJDIPMPNBDPMVNCFUUB
EFTDPOPDJEP
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
5SJDIPMPNBFRVFTUSF
EFTDPOPDJEP
DPNFTUJCMF
DPNFTUJCMF
.BSBTNJVTBMMJBDFVT
EFTDPOPDJEP
5SJDIPMPNBHFPSHJJ
EFTDPOPDJEP
.BSBTNJVTDBSZPQIZMMFVT
DPNFTUJCMF
5SJDIPMPNBQFSTPOBUVN
EFTDPOPDJEP
.BSBTNJVTPSFBEFT
DPNFTUJCMF
DPNFTUJCMF
.BSBTNJVTTDPSPEPOJVT
<DPNFTUJCMF>
5SJDIPMPNBSVTTVMB
EFTDPOPDJEP
.PSDIFMMBDPOJDB
<DPNFTUJCMF>
5SJDIPMPNBSVUJMBOT
EFTDPOPDJEP
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF

5SJDIPMPNBUFSSFVN
<DPNFTUJCMF>
-FQJPUBEJTDJQFT
DPNFTUJCMF
5SJDIPMPNBUJHSJOVN
EFTDPOPDJEP
.BSBTNJVTIVOHP
DPNFTUJCMF
5SJDIPMPNPQTJTSVUJMBOT
<DPNFTUJCMF>
.ZDFOBBTDIJ
DPNFTUJCMF
7FSQBDPOJDB
<DPNFTUJCMF>
.ZDFOBCJQJOEJFOTJT
DPNFTUJCMF
7FSQBEJHJUBMJGPSNJT
EFTDPOPDJEP
DPNFTUJCMF
9FSPDPNVTCBEJVT
<DPNFTUJCMF>
9FSPDPNVTDISZTFOUFSPO
DPNFTUJCMF
$"/"%
.BSMFTFUBM 5FEEFS .JUDIFMMZ'BSSBO
XXXGPSHPWCDDB
DPNFTUJCMF
"DUJOPHZSBNVFIMFOCFSHJJ
BMJNFOUP NFE
"HBSJDVTDBNQFTUSJT
BMJNFOUP
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
"NBOJUBNVTDBSJB
NFEJDJOBM
"SNJMMBSJBNFMMFB
BMJNFOUP
#636/%*
#VZDL C8BMMFZOZ3BNNFMPP
"SNJMMBSJBPTUPZBF
DPNFTUJCMF
"GSPCPMFUVTMVUFPMVT
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP
"NBOJUBMPPTJJ
DPNFTUJCMF
BMJNFOUP
"NBOJUBSVCFTDFOT
DPNFTUJCMF
$BOUIBSFMMVTGPSNPTVT
DPNFTUJCMF
$DJCBSJVTWBSEFGJCVMBUVT
DPNFTUJCMF
$BOUIBSFMMVT
JOGVOEJCVMJGPSNJT
DPNFTUJCMF
DPNFTUJCMF
$BOUIBSFMMVTTVCBMCJEVT
DPNFTUJCMF
$BOUIBSFMMVTDZBOFTDFOT
DPNFTUJCMF
$FUSBSJBJTMBOEJDB
NFEJDJOBM
$BOUIBSFMMVTDZBOPYBOUIVT
DPNFTUJCMF
$MBEJOBTUFMMBSJT
BMJNFOUP
$BOUIBSFMMVTEFOTJGPMJVT
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
&WFSOJBNFTPNPSQIB
NFEJDJOBM
$BOUIBSFMMVTQTFVEPDJCBSJVT
DPNFTUJCMF
'PNFTGPNFOUBSJVT
PUSPToZFTDB
$BOUIBSFMMVTSVCFS
DPNFTUJCMF
'PNJUPQTJTQJOJDPMB
NFEJDJOBM ZFTDB
$SVGPQVODUBUVTWBS
PDISBDFVT
DPNFTUJCMF
(ZSPNJUSBFTDVMFOUB
<DPNFTUJCMF>
$BOUIBSFMMVTTQMFOEFOT
DPNFTUJCMF
)FSJDJVNBCJFUJT
BMJNFOUP
$BOUIBSFMMVTTZNPFOTJJ
DPNFTUJCMF
)FSJDJVNFSJOBDFVT
<DPNFTUJCMF>
$MBWBSJBBMCJSBNFB
DPNFTUJCMF
)ZEOVNSFQBOEVN
DPNFTUJCMF
$PMMZCJBBVSFB
DPNFTUJCMF
)ZQPNZDFTMBDUJGMVPSVN
BMJNFOUP
-BDUBSJVTFEVMJT
DPNFTUJCMF
*OPOPUVTPCMJRVVT
NFEJDJOBM
-BDUBSJVTJOWFSTVT
DPNFTUJCMF
*TDIOPEFSNBSFTJOPTVN
NFEJDJOBM
-BDUBSJVTLBCBOTVT
DPNFTUJCMF
-BDDBSJBMBDDBUB
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
<DPNFTUJCMF>
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
.BDSPDZCFTQFDUBCJMJT
DPNFTUJCMF
DPNFTUJCMF
1IMFCPQVTDPMPTTVT
<DPNFTUJCMF>
BMJNFOUP
DPNFTUJCMF
-FQJTUBOVEB
BMJNFOUP
3VTTVMBDFMMVMBUB
DPNFTUJCMF
-ZDPQFSEPOQFSMBUVN
BMJNFOUP
3VTTVMBQIBFPDFQIBMB
DPNFTUJCMF
DPNFTUJCMF
4VJMMVTMVUFVT
DPNFTUJCMF
.BSBTNJVTPSFBEFT
BMJNFOUP
DPNFTUJCMF
.PSDIFMMBFMBUB
BMJNFOUP
DPNFTUJCMF
.ZSJPTDMFSPUJOJBDBSJDJT
BNQVMMBDFBF
NFEJDJOBM
DPNFTUJCMF
1BSNFMJBTVMDBUB
NFEJDJOBM
DPNFTUJCMF
DPNFTUJCMF
5FSNJUPNZDFTUJUBOJDVT
DPNFTUJCMF
#63,*/"'"40
3BNNFMPPZ8BMMFZO
$PQSJOVT
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
BMJNFOUP
$".&3/
1FHMFSZ7BOIBFDLF 3BNNFMPPZ
8BMMFZO
1PMZP[FMMVTNVMUJQMFY
DPNFTUJCMF
1UZDIPWFSQBCPIFNJDB
BMJNFOUP
3VTTVMBYFSBNQFMJOB
DPNFTUJCMF
DPNFTUJCMF

4QBSBTTJTDSJTQB
DPNFTUJCMF
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
4VJMMVTDBWJQFT
BMJNFOUP
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
5SBNFUFTTVBWFPMFOT
NFEJDJOBM ZFTDB
"HSPDZCFDZMJOESBDFB
DPNFTUJCMF
5SJDIPMPNBDBMJHBUVN
BMJNFOUP
"HSPDZCFTBMJDBDJDPMB
DPNFTUJCMF
5SJDIPMPNBNBHOJWFMBSF
DPNFTUJCMF
DPNFTUJCMF
6TOFBIJSUB
NFEJDJOBM
"MFVSJBBVSBOUJB
DPNFTUJCMF
"NBOJUBDBFTBSFB
DPNFTUJCMF
"NBOJUBGVMWB
DPNFTUJCMF
"NBOJUBSVCFTDFOT
DPNFTUJCMF
"NBOJUBWBHJOBUB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
<DPNFTUJCMF>
"SNJMMBSJBUBCFTDFOT
DPNFTUJCMF
DPNFTUJCMF
"VSJDVMBSJBQPMZUSJDIB
DPNFTUJCMF
#BOLFSBGVMJHJOFPBMCB
NFEJDJOBM
#PMFUFMMVTSVTTFMMJJ
DPNFTUJCMF
#PMFUJOVTQJOFUPSVN
DPNFTUJCMF
#PMFUVTBFSFVT
DPNFTUJCMF
#PMFUVTDJUSJGSBHSBOT
DPNFTUJCMF
#PMFUVTFEVMJT
DPNFTUJCMF
#PMFUVTTQFDJPTVT
DPNFTUJCMF
#PMFUVTWJPMBDFPGVTDVT
DPNFTUJCMF
$BMPDZCFHBNCPTB
DPNFTUJCMF
$BMWBUJBDBFMBUB
DPNFTUJCMF
$BMWBUJBMJMBDJOB
DPNFTUJCMF
DPNFTUJCMF
$BUBUIFMBTNBWFOUSJDPTVN
DPNFTUJCMF
$ISPPHPNQIVTSVUJMVT
DPNFTUJCMF
$MBWBSJBQVSQVSFB
DPNFTUJCMF
$)*-&
'"0 C.JOUFS $BOOPOZ1FSFEP
4DINFEB)JSTDINBOOFUBM B
"SNJMMBSJBNFMMFB
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
#PMFUVTMPZP
BMJNFOUP
$MJUPDZCFOFCVMBSJT
BMJNFOUP
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
$ZUUBSJBCFSUFSPJ
<DPNFTUJCMF>
$ZUUBSJBEBSXJOJJ
BMJNFOUP
$ZUUBSJBFTQJOPTBF
BMJNFOUP
$ZUUBSJBIBSJPUJJ
DPNFTUJCMF
$ZUUBSJBIPPLFSJ
DPNFTUJCMF
$ZUUBSJBKPIPXJJ
<DPNFTUJCMF>
'JTUVMJOBIFQBUJDB
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
BMJNFOUP
(ZSPNJUSBBOUBSUJDB
DPNFTUJCMF
(ZSPNJUSBFTDVMFOUB
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
.PSDIFMMBDPOJDB
DPNFTUJCMF
NFEJDJOBM
1IPMJPUBFEVMJT
DPNFTUJCMF
$MJUPDZCFDMBWJQFT
DPNFTUJCMF
3BNBSJBTVCBVSBOUJBDB
BMJNFOUP
$MJUPDZCFHFPUSPQB
DPNFTUJCMF
4VJMMVTMVUFVT
BMJNFOUP
$MJUPDZCFOFCVMBSJT
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
DPNFTUJCMF
$MJUPQJMVTQSVOVMVT
DPNFTUJCMF
$)*/"
#JSLT $BP $IBNCFSMBJO
%POHZ4IFO (POHZ1FOH
)BMMFUBM B)SLOFO
)F )VBOH -J -JV
-JVZ:BOH (VP[IPOH
DPNVOJDBDJOQFSTPOBM;BOH 1FHMFS
Z7BOIBFDLF 5V 8JOLMFS
XXX[FSJPSH9JBOHZ)BO :BOH
:BOH :BOHZ:BOH
;BOH C;BOHZ1FUFSTFO ;BOHZ
1V ;BOHZ:BOH ;BOH B
;IVBOH ;IVBOHZ8BOH
$PMMZCJBSBEJDBUB
DPNFTUJCMF
DPNFTUJCMF
$PQSJOVTDJOFSFVT
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
$PQSJOVTNJDBDFVT
DPNFTUJCMF
$PSEZDFQTNJMJUBSJT
NFEJDJOBM
$PSEZDFQTTJOFOTJT
DPNFTUJCMF
$PSUJOBSJVTDMBSJDPMPSWBS
UVSNBMJT
DPNFTUJCMF
"HBSJDVTBSWFOTJT
DPNFTUJCMF
$PSUJOBSJVTDPMMJOJUVT
DPNFTUJCMF
"HBSJDVTBVHVTUVT
DPNFTUJCMF
$PSUJOBSJVTFMBUJPS
DPNFTUJCMF
"HBSJDVTCJTQPSVT
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTCJUPSRVJT
DPNFTUJCMF
$PSUJOBSJVTQVSQVSBTDFOT
DPNFTUJCMF
"HBSJDVTCMB[FJ
DPNFTUJCMF
$PSUJOBSJVTSVGPPMJWBDFVT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTHFOOBEJJ
DPNFTUJCMF
$SZQUPQPSVTWPMWBUVT
NFEJDJOBM

%JDUZPQIPSBFDIJOPWPMWBUB
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
&OEPQIBMMVTZVOOBOFOTJT
DPNFTUJCMF
DPNFTUJCMF
'JTUVMJOBIFQBUJDB
DPNFTUJCMF
NFEJDJOBM
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
.BSBTNJVTPSFBEFT
DPNFTUJCMF
'PNFTGPNFOUBSJVT
NFEJDJOBM
.PSDIFMMBDPOJDBWBSSJHJEB
DPNFTUJCMF
(BOPEFSNBBQQMBOBUVN
NFEJDJOBM
.PSDIFMMBDSBTTJQFT
DPNFTUJCMF
(BOPEFSNBMVDJEVN
DPNFTUJCMF
.PSDIFMMBEFMJDJPTB
DPNFTUJCMF
(BOPEFSNBTJOFOTF
NFEJDJOBM
.PSDIFMMBFMBUB
DPNFTUJCMF
(BOPEFSNBUTVHBF
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
(BTUSPEJBFMBUB
DPNFTUJCMF
.FTDVMFOUBWBSSPUVOEB
DPNFTUJCMF
(SJGPMBGSPOEPTB
DPNFTUJCMF
.FTDVMFOUBWBSVNCSJOB
DPNFTUJCMF
)FSJDJVNDMBUISPJEFT
DPNFTUJCMF
.FTDVMFOUBWBSWVMHBSJT
DPNFTUJCMF
)FSJDJVNDPSBMMPJEFT
DPNFTUJCMF
/FPMFOUJOVTBEIBFSFOT
DPNFTUJCMF
)FSJDJVNFSJOBDFVN
DPNFTUJCMF
/FPMFOUJOVTMFQJEFVT
DPNFTUJCMF
)FSJDJVNSBNPTVN
DPNFTUJCMF
0NQIBMJBMBQJEFTDFOT
NFEJDJOBM
)ZEOVNSFQBOEVN
DPNFTUJCMF
0VEFNBOTJFMMBNVDJEB
DPNFTUJCMF
)ZHSPQIPSVTBSCVTUJWVT
DPNFTUJCMF
1BFDJMPNZDFTTJOFOTJT
NFEJDJOBM
)ZHSPQIPSVTSVTTVMB
DPNFTUJCMF
1BOFMMVTTFSPUJOVT
DPNFTUJCMF
)ZQTJ[ZHVTNBSNPSFVT
DPNFTUJCMF
1IBFPMFQJPUBBVSFB
DPNFTUJCMF
DPNFTUJCMF
1IBMMVTGSBHSBOT
DPNFTUJCMF
-BDDBSJBMBDDBUB
BMJNFOUP
1IBMMVTJNQVEJDVT
DPNFTUJCMF
-BDDPDFQIBMVNNZMJUUBF
DPNFTUJCMF
1IFMMJOVTCBVNJJ
NFEJDJOBM
-BDUBSJVTBLBIBUTV
DPNFTUJCMF
1IPMJPUBBEJQPTB
DPNFTUJCMF
-BDUBSJVTDBNQIPSBUVT
DPNFTUJCMF
1IPMJPUBBVSJWFMMB
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
1IPMJPUBOBNFLP
DPNFTUJCMF
-BDUBSJVTIBUTVEBLF
DPNFTUJCMF
1IPMJPUBTRVBSSPTB
DPNFTUJCMF
-BDUBSJVTRVJFUVT
DPNFTUJCMF
1MFVSPUVTBCBMPOVT
DPNFTUJCMF
-BDUBSJVTTBOHVJGMVVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTTVCJOEJHP
BMJNFOUP
1MFVSPUVTDPSOVDPQJBF
BMJNFOUP
-BDUBSJVTWPMFNVT
DPNFTUJCMF
DPNFTUJCMF
1MFVSPUVTFSZOHJJWBS
GFSVMBF
DPNFTUJCMF
DPNFTUJCMF
1MFVSPUVTGMPSJEBOVT
DPNFTUJCMF
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
-FDDJOVNTDBCSVN
DPNFTUJCMF
DPNFTUJCMF
-FOUJOVMBFEPEFT
DPNFTUJCMF
1MFVSPUVTTBQJEVT
DPNFTUJCMF
-FOUJOVTKBWBOJDVT
DPNFTUJCMF
DPNFTUJCMF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
1PMZQPSVTDSJTUBUVT
OPDPNFTUJCMF
-FQJTUBDBFTQJUPTB
DPNFTUJCMF
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
-FQJTUBJSJOB
DPNFTUJCMF
1PMZQPSVTUVCBFGPSNJT
NFEJDJOBM
-FQJTUBMVTDJOB
DPNFTUJCMF
1PMZQPSVTVNCFMMBUVT
DPNFTUJCMF
-FQJTUBOVEB
DPNFTUJCMF
1PMZTUJDUVTVOJDPMPS
NFEJDJOBM
-FQJTUBQFSTPOBUB
DPNFTUJCMF
1TBUIZSFMMBDBOEPMMFBOB
DPNFTUJCMF
-FQJTUBTPSEJEB
DPNFTUJCMF
-FVDPQBYJMMVTHJHBOUFVT
DPNFTUJCMF
-PCBSJBTQ
BMJNFOUP
-ZDPQFSEPOQFSMBUVN
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
-ZPQIZMMVNEFDBTUFT
DPNFTUJCMF
-ZPQIZMMVNTZLPTQPSVN
DPNFTUJCMF
1TFVEPIZEOVNHFMBUJOPTVN DPNFTUJCMF
1UZDIPWFSQBCPIFNJDB
DPNFTUJCMF
3BNBMJOBTQ
BMJNFOUP
3BNBSJBCPUSZUJT
DPNFTUJCMF
3BNBSJBGMBWPCSVOOFTDFOT
DPNFTUJCMF
3BNBSJBPCUVTJTTJNB
DPNFTUJCMF
3BNBSJBTUSJDUB
BMJNFOUP NFEJDJOBM


DPNFTUJCMF
5SJDIPMPNBTBQPOBDFVN
DPNFTUJCMF
3IJ[PQPHPOSVCFTDFOT
DPNFTUJCMF
5SJDIPMPNBTFKVODUVN
DPNFTUJCMF
3IPEPQIZMMVTDMZQFBUVT
DPNFTUJCMF
5SJDIPMPNBUFSSFVN
DPNFTUJCMF
3IPEPQIZMMVTDSBTTJQFT
DPNFTUJCMF
5VCFSBFTUJWVN
DPNFTUJCMF
3P[JUFTDBQFSBUVT
DPNFTUJCMF
5VCFSCSVNBMF
DPNFTUJCMF
3VTTVMBBMVUBDFB
DPNFTUJCMF
5VCFSJOEJDVN
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
5VCFSNFMBOPTQPSVN
DPNFTUJCMF
3VTTVMBEFMJDB
DPNFTUJCMF
5VCFSSVGVN
DPNFTUJCMF
3VTTVMBEFQBMMFOT
EFTDPOPDJEP
5VCFSTJOPTVN
DPNFTUJCMF
3VTTVMBQFDUJOBUB
EFTDPOPDJEP
5ZSPNZDFTTVMQIVSFVT
NFEJDJOBM
3VTTVMBSVCSB
DPNFTUJCMF
6NCJMJDBSJBFTDVMFOUB
DPNFTUJCMF
3VTTVMBWFTDB
DPNFTUJCMF
6TOFBTQ
NFEJDJOBM
3VTTVMBWJSFTDFOT
DPNFTUJCMF
7PMWBSJFMMBCPNCZDJOB
DPNFTUJCMF
4BSDPEPOBTQSBUVT
DPNFTUJCMF
7PMWBSJFMMBFTDVMFOUB
DPNFTUJCMF
4BSDPEPOJNCSJDBUVT
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
DPNFTUJCMF
8PMGJQPSJBFYUFOTB
DPNFTUJCMF
4DMFSPEFSNBTQ
NFEJDJOBM
8ZOOFMMBTJMWJDPMB
DPNFTUJCMF
4IJSBJBCBNCVTJDPMB
NFEJDJOBM
4QBSBTTJTDSJTQB
DPNFTUJCMF
4QPSJTPSJVNDSVFOUVN
BMJNFOUP
$5&%*70*3&
%VDPVTTP #BZ5IPFO -PDRVJO
8BMMFZO
4VJMMVTCPWJOVT
DPNFTUJCMF
)ZHSPQIPSPQTJTBVSBOUJBDB
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
)ZHSPQIPSPQTJTNBOHFOPUJJ
DPNFTUJCMF
4VJMMVTHSFWJMMFJ
DPNFTUJCMF
3VTTVMBTQ
BMJNFOUP
4VJMMVTMVUFVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$045"3*$"
4BFO[ -J[BOPZ/BTTBS
5FSNJUPNZDFTDZMJOESJDVT
DPNFTUJCMF
3IJ[PQPHPOQJDFVT
DPNFTUJCMF
5FSNJUPNZDFTIFJNJJ
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
"NBOJUBDBFTBSFB
DPNFTUJCMF
"NBOJUBHFNNBUB
DPNFTUJCMF
"NBOJUBJOBVSBUB
DPNFTUJCMF
"NBOJUBNVTDBSJB
BMVDJOHFOP
WFOFOPTP
5IBNOPMJBWFSNJDVMBSJT
<BMJNFOUP>
5IFMFQIPSBHBOCBKVO
BMJNFOUP
"NBOJUBSVCFTDFOT
DPNFTUJCMF
5IFMFQIPSBWJBMJT
OPDPNFTUJCMF
"NBOJUBWBHJOBUB
DPNFTUJCMF
5SBNFUFTSPCJOJPQIJMB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
5SBNFUFTTBOHVJOFB
NFEJDJOBM
"SNJMMBSJBUBCFTDFOT
DPNFTUJCMF
5SBNFUFTWFSTJDPMPS
DPNFTUJCMF
"TQSPQBYJMMVTMFQJTUPJEFT
DPNFTUJCMF
5SFNFMMBBVSBOUJB
DPNFTUJCMF
DPNFTUJCMF
5SFNFMMBGPMJBDFB
DPNFTUJCMF
$PMMZCJBEJTUPSUB
DPNFTUJCMF
5SFNFMMBGVDJGPSNJT
<NFEJDJOBM>
$PMMZCJBESZPQIJMB
DPNFTUJCMF
5SFNFMMBMVUFTDFOT
DPNFTUJCMF
$PMMZCJBGBNJMJB
DPNFTUJCMF
5SFNFMMBNFTFOUFSJDB
DPNFTUJCMF
$PMMZCJBQMBUZQIZMMB
DPNFTUJCMF
5SJDIPMPNBCBLBNBUTVUBLF
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
5SJDIPMPNBDBMJHBUVN
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
'JTUVMJOBIFQBUJDB
DPNFTUJCMF
5SJDIPMPNBNBUTVUBLF
DPNFTUJCMF
)FMWFMMBMBDVOPTB
DPNFTUJCMF
5SJDIPMPNBNPOHPMJDVN
DPNFTUJCMF
)FSJDJVNFSJOBDFVT
DPNFTUJCMF
DPNFTUJCMF
)ZEOVNVNCJMJDBUVN
DPNFTUJCMF
5SJDIPMPNBRVFSDJDPMB
DPNFTUJCMF
)ZHSPQIPSVTQFOBSJVT
DPNFTUJCMF

-BDDBSJBBNFUIZTUJOB
DPNFTUJCMF
#PMFUVTBFTUJWBMJT
DPNFTUJCMF
-BDDBSJBMBDDBUB
DPNFTUJCMF
#PMFUVTFSZUISPQVT
DPNFTUJCMF
-BDSZNBSJBWFMVUJOB
DPNFTUJCMF
$BMPDZCFHBNCPTB
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTJOEJHP
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
-BDUBSJVTNJUJTTJNVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
-FDDJOVNHSJTFVN
DPNFTUJCMF
-FQJTUBOVEB
DPNFTUJCMF
-FDDJOVNTDBCSVN
DPNFTUJCMF
DPNFTUJCMF
-FDDJOVNUFTUBDFPTDBCSVN
DPNFTUJCMF
-ZPQIZMMVNBHHSFHBUVN
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
.BDSPMFQJPUBHSBDJMFOUB
DPNFTUJCMF
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
.BSBTNJVTPSFBEFT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
.FMBOPMFVDBHSBNNPQPEJB
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
DPNFTUJCMF
SPUVOEB
DPNFTUJCMF
9FSPDPNVTCBEJVT
DPNFTUJCMF
.ZDFOBQVSB
DPNFTUJCMF
DPNFTUJCMF
1BOBFPMVTDZBOFTDFOT
BMVDJOHFOP
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1MFVSPUVTTBMJHOVT
DPNFTUJCMF
&41""
$FSWFSBZ$PMJOBT.BSUOF[ 0SJBEF
3VFEBZ.BSUOF[ .BSUOF[ 'MPSJUZ
$PMJOBT
1MVUFVTDFSWJOVT
DPNFTUJCMF
"HBSJDVTBSWFOTJT
1TJMPDZCFB[UFDPSVN
BMVDJOHFOP
"HSPDZCFBFHFSJUB
BMJNFOUP
1TJMPDZCFDVCFOTJT
BMVDJOHFOP
"NBOJUBDBFTBSFB
BMJNFOUP
1TJMPDZCFNFYJDBOB
BMVDJOHFOP
"NBOJUBQPOEFSPTB
BMJNFOUP
3IPEPQIZMMVTBQSJMJT
DPNFTUJCMF
"SNJMMBSJBNFMMFB
BMJNFOUP
3VTTVMBBUSPQVSQVSFB
DPNFTUJCMF
#PMFUVTBFSFVT
BMJNFOUP
3VTTVMBDIBNBFMFPOUJOB
DPNFTUJCMF
#PMFUVTBFTUJWBMVT
BMJNFOUP
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP
3VTTVMBFSZUISPQVT
DPNFTUJCMF
#PMFUVTQJOJDPMB
BMJNFOUP
3VTTVMBMFQJEB
DPNFTUJCMF
#PMFUVTSFHJVT
BMJNFOUP
3VTTVMBNJOVUVMB
DPNFTUJCMF
#PMFUVTSFUJDVMBUVT
BMJNFOUP
3VTTVMBWJTDJEB
DPNFTUJCMF
$BMPDZCFHBNCPTB
BMJNFOUP
7PMWBSJFMMBCBLFSJ
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
$BOUIBSFMMVTMVUFTDFOT
BMJNFOUP
7PMWBSJFMMBTQFDJPTB
DPNFTUJCMF
$BOUIBSFMMVTUVCBFGPSNJT
BMJNFOUP
DPNFTUJCMF
$MJUPDZCFHFPUSPQB
BMJNFOUP
$MJUPDZCFOFCVMBSJT
BMJNFOUP
9FSVMBSBEJDBUB
&(*150
;BLIBSZFUBM
BMJNFOUP
$PQSJOVTDPNBUVT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
BMJNFOUP
"HBSJDVTSPENBOJ
DPNFTUJCMF
)FMWFMMBMFVDPNFMBFOB
BMJNFOUP
DPNFTUJCMF
)FMWFMMBNPOBDIFMMB
BMJNFOUP
)ZEOVNSFQBOEVN
BMJNFOUP
)ZEOVNSVGFTDFOT
BMJNFOUP
$PMMZCJBTQ
&4-07&/*"
XXXNBULVSKBDPN
"HBSJDVTCJUPSRVJT
DPNFTUJCMF
)ZHSPQIPSVTFCVSOFVT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
)ZHSPQIPSVTMBUJUBCVOEVT
BMJNFOUP
"NBOJUBDBFTBSFB
DPNFTUJCMF
)ZHSPQIPSVTMJNBDJOVT
BMJNFOUP
"NBOJUBSVCFTDFOT
DPNFTUJCMF
)ZHSPQIPSVTPMJWBDFPBMCVT
BMJNFOUP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
)ZHSPQIPSVTSVTTVMB
BMJNFOUP
"TUSBFVTIZHSPNFUSJDVT
OPDPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
BMJNFOUP

BMJNFOUP
"HBSJDVTTVCSVUJMFTDFOT
DPNFTUJCMF
-FDDJOVNBVSBOUJBDVN
BMJNFOUP
"MFVSJBBVSBOUJB
DPNFTUJCMF
-FDDJOVNMFQJEVN
BMJNFOUP
"NBOJUBDBMZQUSBUB
DPNFTUJCMF
-FQJTUBOVEB
BMJNFOUP
"NBOJUBDPOTUSJDUB
DPNFTUJCMF
-FQJTUBQFSTPOBUB
BMJNFOUP
"NBOJUBQBDIZDPMFB
DPNFTUJCMF
-FVDPQBYJMMVTDBOEJEVT
BMJNFOUP
"NBOJUBWBHJOBUB
DPNFTUJCMF
-FVDPQBYJMMVTMFQJTUPJEFT
BMJNFOUP
"NBOJUBWFMPTB
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
BMJNFOUP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
BMJNFOUP
"SNJMMBSJBQPOEFSPTB
DPNFTUJCMF
.BSBTNJVTPSFBEFT
BMJNFOUP
#BUUBSSFBQIBMMPJEFT
NFEJDJOBM
.PSDIFMMBFTDVMFOUB
BMJNFOUP
#PMFUVTBFSFVT
DPNFTUJCMF
1MFVSPUVTFSZOHJJ
BMJNFOUP
#PMFUVTBQQFOEJDVMBUVT
DPNFTUJCMF
1MFVSPUVTOFCSPEFOTJT
BMJNFOUP
#PMFUVTFEVMJT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
BMJNFOUP
#PMFUVTUSVODBUVT
DPNFTUJCMF
3IPEPDZCFUSVODBUB
BMJNFOUP
#PMFUVT[FMMFSJ
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
BMJNFOUP
#PWJTUBQJMB
NFEJDJOBM
3VTTVMBWJSFTDFOT
BMJNFOUP
#PWJTUBQMVNCFB
NFEJDJOBM
4VJMMVTCFMMJOJJ
BMJNFOUP
$BMWBUJBDSBOJJGPSNJT
NFEJDJOBM
4VJMMVTCPWJOVT
BMJNFOUP
$BMWBUJBDZBUIJGPSNJT
NFEJDJOBM
4VJMMVTHSBOVMBUVT
BMJNFOUP
$BMWBUJBVUSJGPSNJT
NFEJDJOBM
4VJMMVTMVUFVT
BMJNFOUP
DPNFTUJCMF
4VJMMVTWBSJFHBUVT
BMJNFOUP
DPNFTUJCMF
5FSGF[JBBSFOBSJB
BMJNFOUP
DPNFTUJCMF
5FSGF[JBDMBWFSZJ
BMJNFOUP
DPNFTUJCMF
5FSGF[JBMFQUPEFSNB
BMJNFOUP
$ISPPHPNQIVTWJOJDPMPS
DPNFTUJCMF
5SJDIPMPNBFRVFTUSF
BMJNFOUP
$MJUPQJMVTQSVOVMVT
DPNFTUJCMF
5SJDIPMPNBHPOJPTQFSNVN
BMJNFOUP
$PQSJOVTDPNBUVT
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
5SJDIPMPNBUFSSFVN
BMJNFOUP
&OUPMPNBCMPYBNJJ
DPNFTUJCMF
5VCFSBFTUJWVN
BMJNFOUP
&OUPMPNBNBEJEVN
DPNFTUJCMF
5VCFSCSVNBMF
BMJNFOUP
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
5VCFSNFMBOPTQPSVN
BMJNFOUP
'MPDDVMBSJBBMCPMBOBSJQFT
DPNFTUJCMF
(FBTUSVN
NFEJDJOBM
(PNQIVTDMBWBUVT
DPNFTUJCMF
)FMWFMMBMBDVOPTB
DPNFTUJCMF
)FSJDJVNBCJFUJT
DPNFTUJCMF
)FSJDJVNFSJOBDFVT
DPNFTUJCMF
)FSJDJVNSBNPTVN
DPNFTUJCMF
)ZEOVNSFQBOEVN
DPNFTUJCMF
)ZEOVNVNCJMJDBUVN
DPNFTUJCMF
)ZQTJ[ZHVTUFTTVMBUVT
BMJNFOUP
&45"%046/*%04%&".3*$"
#JSLT -JODPGGZ.JUDIFM 4JOHFS
XXXNZLPXFCDPN
"HBSJDVTBSWFOTJT
DPNFTUJCMF
"HBSJDVTBVHVTUVT
DPNFTUJCMF
"HBSJDVTCFOFTJJ
DPNFTUJCMF
"HBSJDVTCFSOBSEJJ
DPNFTUJCMF
"HBSJDVTCJTQPSVT
DPNFTUJCMF
"HBSJDVTCJUPSRVJT
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTDVQSFPCSVOOFVT
DPNFTUJCMF
-BDDBSJBBNFUIZTUFP
PDDJEFOUBMJT
DPNFTUJCMF
"HBSJDVTGVTDPGJCSJMMPTVT
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
"HBSJDVTGVTDPWFMBUVT
DPNFTUJCMF
-BDUBSJVTSVCJEVT
DPNFTUJCMF
"HBSJDVTMJMBDFQT
DPNFTUJCMF
-BDUBSJVTSVCSJMBDUFVT
DPNFTUJCMF
"HBSJDVTQBUUFSTPOBF
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTQFSPCTDVSVT
DPNFTUJCMF
-FDDJOVNNBO[BOJUBF
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
-FDDJOVNTDBCSVN
DPNFTUJCMF

DPNFTUJCMF
#PWJTUBQMVNCFB
DPNFTUJCMF
-FVDPBHBSJDVTMFVDPUIJUFT
DPNFTUJCMF
#VDIXBMEPCPMFUVT
TQFDUBCJMJT
DPNFTUJCMF
-ZDPQFSEPOQFSMBUVN
DPNFTUJCMF

NFEJDJOBM
$BMPDZCFHBNCPTB
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
NFEJDJOBM
$BMWBUJBFYDJQVMJGPSNJT
DPNFTUJCMF
DPNFTUJCMF
$BMWBUJBVUSJGPSNJT
DPNFTUJCMF
.BSBTNJVTPSFBEFT
DPNFTUJCMF
$BNBSPQIZMMVTOJWFVT
DPNFTUJCMF
.PSDIFMMBEFMJDJPTB
DPNFTUJCMF
DPNFTUJCMF
.PSHBOFMMBTVCJODBSOBUB
NFEJDJOBM
$BNBSPQIZMMVTWJSHJOFVT
EFTDPOPDJEP
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
DPNFTUJCMF
1MVUFVTDFSWJOVT
DPNFTUJCMF
$BOUIBSFMMVTGMPDDPTVT
DPNFTUJCMF
4BSDPEPOJNCSJDBUVT
DPNFTUJCMF
DPNFTUJCMF
4QBSBTTJTDSJTQB
DPNFTUJCMF
$IBMDJQPSVTQJQFSBUVT
DPNFTUJCMF
4VJMMVTCSFWJQFT
DPNFTUJCMF
$ISPPHPNQIVTSVUJMVT
DPNFTUJCMF
4VJMMVTQVOHFOT
DPNFTUJCMF
$MBWBSJBQVSQVSFB
DPNFTUJCMF
4VJMMVTUPNFOUPTVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$MBWBSJBEFMQIVT
TBDIBMJOFOTJT
DPNFTUJCMF
DPNFTUJCMF
$MBWBSJBEFMQIVTUSVODBUVT
DPNFTUJCMF
5QFTTVOEBUVNWBS
QPQVMJOVN
DPNFTUJCMF
$MBWVMJOBBNFUIZTUJOB
DPNFTUJCMF
5VMPTUPNBCSVNBMF
NFEJDJOBM
$MBWVMJOBDSJTUBUB
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$MJUPDZCFOFCVMBSJT
DPNFTUJCMF
$MJUPDZCFPEPSB
DPNFTUJCMF
$MJUPDZCFTVBWFPMFOT
DPNFTUJCMF
-FQJTUBOVEB
&5*01"
5VOP
-FOUJOVTTQ
DPNFTUJCMF
$MJUPQJMVTQSVOVMVT
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBDPOUPSUB
DPNFTUJCMF
'&%&3"$*/%&364*"
4BBS 7BTJMFWB /PUB7BMF
TPMBNFOUFQBSBFMMFKBOPPSJFOUFSVTP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTQMBDPNZDFT
DPNFTUJCMF
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
"MFVSJBBVSBOUJB
<DPNFTUJCMF>
"NBOJUBDBFTBSFPJEFT
DPNFTUJCMF
"NBOJUBDSPDFB
DPNFTUJCMF
"NBOJUBNVTDBSJB
WFOFOPTP

NFEJDJOBM
"NBOJUBWBHJOBUB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
#PMFUJOVTBTJBUJDVT
DPNFTUJCMF
#PMFUJOVTQBMVTUFS
EFTDPOPDJEP
#PMFUVTDBMPQVT
DPNFTUJCMF
#PMFUVTFEVMJT
OPDPNFTUJCMF
#PMFUVTFSZUISPQVT
DPNFTUJCMF
#PMFUVTMVSJEVT
DPNFTUJCMF
#PMFUVTSFHJVT
DPNFTUJCMF
#UPNFOUPTPTRVBNVMPTVT
OPDPNFTUJCMF
$PMMZCJBESZPQIJMB
DPNFTUJCMF
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
$PQSJOVTNJDBDFVT
DPNFTUJCMF
$PSUJOBSJVTBMCPWJPMBDFVT
DPNFTUJCMF
$PSUJOBSJVTBSNFOJBDVT
DPNFTUJCMF
$PSUJOBSJVTBSNJMMBUVT
DPNFTUJCMF
DPNFTUJCMF
$PSUJOBSJVTHMBVDPQVT
DPNFTUJCMF
$PSUJOBSJVTPSJDIBMDFVT
DPNFTUJCMF
$PSUJOBSJVTQSBTJOVT
DPNFTUJCMF
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
'PNFTGPNFOUBSJVT
NFEJDJOBM
(PNQIJEJVTNBDVMBUVT
DPNFTUJCMF
(PNQIJEJVTQVSQVSBTDFOT
DPNFTUJCMF
(PNQIVTDMBWBUVT
DPNFTUJCMF
(ZSPNJUSBBNCJHVB
DPNFTUJCMF
(ZSPNJUSBFTDVMFOUB
EFTDPOPDJEP
(ZSPNJUSBJOGVMB
EFTDPOPDJEP
(ZSPNJUSBVTTVSJFOTJT
DPNFTUJCMF
)FMWFMMBDSJTQB
DPNFTUJCMF
)FSJDJVNFSJOBDFVT
DPNFTUJCMF

)ZEOPUSZBUVMBTOFJ
DPNFTUJCMF
-FDDJOVNIPMPQVT
EFTDPOPDJEP
)ZEOVNSFQBOEVN
DPNFTUJCMF
-FDDJOVNPYZEBCJMF
DPNFTUJCMF
)ZHSPDZCFDBOUIBSFMMVT
DPNFTUJCMF
-FDDJOVNTDBCSVN
DPNFTUJCMF
)ZHSPDZCFDPDDJOFB
DPNFTUJCMF
DPNFTUJCMF
)ZHSPDZCFDPOJDB
DPNFTUJCMF
-FQJTUBHMBVDPDBOB
DPNFTUJCMF
)ZHSPDZCFMBFUB
DPNFTUJCMF
DPNFTUJCMF
)ZHSPDZCFPCSVTTFB
DPNFTUJCMF
-FVDPDPSUJOBSJVTCVMCJHFS
DPNFTUJCMF
)ZHSPDZCFQTJUUBDJOB
DPNFTUJCMF
-JNBDFMMBJMMJOJUB
DPNFTUJCMF
)ZHSPDZCFQVOJDFB
DPNFTUJCMF
-ZDPQFSEPOQFSMBUVN
DPNFTUJCMF
)ZHSPDZCFVOHVJOPTB
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
<DPNFTUJCMF>
)ZHSPQIPSVTBHBUIPTNVT
DPNFTUJCMF
-ZPQIZMMVNDPOOBUVN
DPNFTUJCMF
)ZHSPQIPSVTDBNBSPQIZMMVT
DPNFTUJCMF
-ZPQIZMMVNEFDBTUFT
DPNFTUJCMF
)ZHSPQIPSVTDISZTPEPO
DPNFTUJCMF
-ZPQIZMMVNVMNBSJVN
DPNFTUJCMF
)ZHSPQIPSVTFCVSOFVT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
)ZHSPQIPSVTFSVCFTDFOT
DPNFTUJCMF
.BDSPMFQJPUBQVFMMBSJT
DPNFTUJCMF
DPNFTUJCMF
.BSBTNJVTPSFBEFT
DPNFTUJCMF
)ZHSPQIPSVTMVDPSVN
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
.FMBOPMFVDBCSFWJQFT
DPNFTUJCMF
)ZHSPQIPSVTQVEPSJOVT
DPNFTUJCMF
DPNFTUJCMF
)ZHSPQIPSVTSVTTVMB
DPNFTUJCMF
.FMBOPMFVDBWFSSVDJQFT
EFTDPOPDJEP
*OPOPUVTPCMJRVVT
NFEJDJOBM
.PSDIFMMBDPOJDB
DPNFTUJCMF
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
-BDDBSJBBNFUIZTUJOB
DPNFTUJCMF
0UJEFBPOPUJDB
DPNFTUJCMF
-BDDBSJBMBDDBUB
DPNFTUJCMF
0VEFNBOTJFMMB
CSVOOFPNBSHJOBUB
DPNFTUJCMF
-BDUBSJVTDISZTPSSIFVT
DPNFTUJCMF
0VEFNBOTJFMMBNVDJEB
DPNFTUJCMF
-BDUBSJVTDPOUSPWFSTVT
DPNFTUJCMF
1BOFMMVTTFSPUJOVT
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
1BYJMMVTJOWPMVUVT
DPNFTUJCMF
-BDUBSJVTGMBWJEVMVT
DPNFTUJCMF
1IBFPMFQJPUBBVSFB
DPNFTUJCMF
-BDUBSJVTJOTVMTVT
DPNFTUJCMF
1IBMMVTJNQVEJDVT
OPDPNFTUJCMF
-BDUBSJVTKBQPOJDVT
DPNFTUJCMF
1IFMMJOVTJHOJBSJVT
NFEJDJOBM
-BDUBSJVTOFDBUPS
DPNFTUJCMF
1IPMJPUBBVSJWFMMB
DPNFTUJCMF
-BDUBSJVTQJQFSBUVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTQVCFTDFOT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
-BDUBSJVTQZSPHBMVT
DPNFTUJCMF
1MJDBSJBCBEJB
DPNFTUJCMF
-BDUBSJVTSFQSBFTFOUBOFVT
<DPNFTUJCMF>
1MVUFVTDFSWJOVT
DPNFTUJCMF
-BDUBSJVTSFTJNVT
DPNFTUJCMF
1MVUFVTDPDDJOFVT
DPNFTUJCMF
-BDUBSJVTSVGVT
DPNFTUJCMF
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
-BDUBSJVTTDSPCJDVMBUVT
DPNFTUJCMF
1PSQIZSFMMVTBUSPCSVOOFVT
DPNFTUJCMF
-BDUBSJVTUPSNJOPTVT
DPNFTUJCMF
1PSQIZSFMMVTQTFVEPTDBCFS
DPNFTUJCMF
-BDUBSJVTUSJWJBMJT
DPNFTUJCMF
-BDUBSJVTVWJEVT
<DPNFTUJCMF>
1TJMPCPMFUJOVTMBSJDFUJ
DPNFTUJCMF
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
1UZDIPWFSQBCPIFNJDB
DPNFTUJCMF
-BDUBSJVTWPMFNVT
DPNFTUJCMF
3BNBSJBBVSFB
DPNFTUJCMF
DPNFTUJCMF
3BNBSJBCPUSZUPJEFT
DPNFTUJCMF
DPNFTUJCMF
3BNBSJBGMBWB
DPNFTUJCMF
-FDDJOVNBVSBOUJBDVN
DPNFTUJCMF
3BNBSJBGPSNPTB
OPDPNFTUJCMF
-FDDJOVNDISPNBQFT
DPNFTUJCMF
3BNBSJBJOWBMJJ
OPDPNFTUJCMF
-FDDJOVNFYUSFNJPSJFOUBMF
DPNFTUJCMF
3BNBSJBPCUVTJTTJNB
OPDPNFTUJCMF

3BNBSJBQVMDIFSSJNB
DPNFTUJCMF
5SJDIPMPNBUFSSFVN
DPNFTUJCMF
3IJ[PQPHPOSPTFPMVT
DPNFTUJCMF
5SJDIPMPNPQTJTEFDPSB
DPNFTUJCMF
3IPEPQIZMMVTBQSJMJT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
5ZMPQJMVTOFPGFMMFVT
OPDPNFTUJCMF
3P[JUFTDBQFSBUVT
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
DPNFTUJCMF
3VTTVMBBEVTUB
DPNFTUJCMF
9FSPDPNVTCBEJVT
DPNFTUJCMF
3VTTVMBBFSVHJOFB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBBMCPOJHSB
DPNFTUJCMF
9FSPDPNVTSVCFMMVT
DPNFTUJCMF
3VTTVMBBMVUBDFB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBBVSBUB
DPNFTUJCMF
3VTTVMBDPOTPCSJOB
DPNFTUJCMF
'*+*
.BSLIBN
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
"VSJDVMBSJBTQ
3VTTVMBEFMJDB
DPNFTUJCMF
3VTTVMBFNFUJDB
DPNFTUJCMF
3VTTVMBGMBWB
DPNFTUJCMF
'*-*1*/"4
/PWFMMJOP 1FHMFSZ7BOIBFDLF
7FBUBNCJO.FOEP[B oSFHJTUSPTOP
JODMVJEPT
3VTTVMBGPFUFOT
DPNFTUJCMF
"HBSJDVT{ TQQ
BMJNFOUP
3VTTVMBGSBHJMJT
DPNFTUJCMF
(BOPEFSNB{ TQQ
BMJNFOUP
3VTTVMBPMJWBTDFOT
DPNFTUJCMF
1MFVSPUVT{ TQQ
BMJNFOUP
3VTTVMBQFDUJOBUPJEFT
DPNFTUJCMF
1PMZQPSVT{ TQQ
BMJNFOUP
3VTTVMBQVODUBUB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBRVFMFUJJ
EFTDPOPDJEP
DPNFTUJCMF
3VTTVMBWFTDB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBWJSFTDFOT
DPNFTUJCMF
3VTTVMBYFSBNQFMJOB
DPNFTUJCMF
4BSDPEPOJNCSJDBUVT
DPNFTUJCMF
("#/
3BNNFMPP:8BMMFZO 8BMMFZOZ
3BNNFMPP /PUBPUSPTUJQPTNTFTUO
FOVNFSBEPTFOJO8BMLFS DPOTVTOPNCSFT
WVMHBSFTTPMBNFOUF
4BSDPEPOMPCBUVT
DPNFTUJCMF
4BSDPTDZQIBDPDDJOFB
DPNFTUJCMF
4DVUJHFSPWJOVT
DPNFTUJCMF
4QBSBTTJTDSJTQB
DPNFTUJCMF
4USPCJMPNZDFTGMPDDPQVT
DPNFTUJCMF
4USPQIBSJBSVHPTPBOOVMBUB
DPNFTUJCMF
4VJMMVTBCJFUJOVT
DPNFTUJCMF
4VJMMVTBNFSJDBOVT
DPNFTUJCMF
4VJMMVTCPWJOVT
DPNFTUJCMF
4VJMMVTDBWJQFT
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
4VJMMVTHSFWJMMFJ
DPNFTUJCMF
4VJMMVTMVUFVT
BMJNFOUP
$BOUIBSFMMVT
DPNFTUJCMF
%BMEJOJB
NFEJDJOBM
-FOUJOVTUVCFSSFHJVN
DPNFTUJCMF
1PMZQPSVTSIJ[PNPSQIVT
PUSPToZFTDB
1ZDOPQPSVT
NFEJDJOBM
()"/"
%VDPVTTP #BBOE5IPFO 0CPEBJBOE
"QFUPSHCPS 3BNNFMPPBOE8BMMFZO
8BMMFZOBOE3BNNFMPP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTHPPTTFOTJBF
DPNFTUJCMF
"JSJDVMBSJBTQ
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
4VJMMVTQJDUVT
DPNFTUJCMF
BMJNFOUP
4VJMMVTQMBDJEVT
DPNFTUJCMF
$PQSJOVTNJDBDFVT
DPNFTUJCMF
4VJMMVTQMPSBOT
DPNFTUJCMF
%BMEJOJB$PODOUSJDB
NFEJDJOBM
4VJMMVTTVCMVUFVT
DPNFTUJCMF
(BOPEFSNBMVDJEVN
NFEJDJOBM
4VJMMVTWBSJFHBUVT
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
NFEJDJOBM
4VJMMVTWJTDJEVT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
5SFNJTDVTIFMWFMMPJEFT
DPNFTUJCMF
.ZVDFOBGMBGFTDFOT
DPNFTUJCMF
5SJDIPMPNBBUSPTRVBNPTVN
DPNFTUJCMF
1IMFCPQVTDPMPTTVT
DPNFTUJCMF
5SJDIPMPNBGVMWVN
DPNFTUJCMF
1MFVUVTTVCDFSWJOVT
DPNFTUJCMF
5SJDIPMPNBPSJSVCFOT
DPNFTUJCMF
1TBUIZSFMMBTQ
DPNFTUJCMF
DPNFTUJCMF
4DIJ[PQIZMMVNDPNVOF
DPNFTUJCMF
NFEJDJOBM
5FSNJUPNZDFTTQ
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF

3BNBSJBGMBWB
BMJNFOUP
3VTTVMBEFMJDB
BMJNFOUP
BMJNFOUP
5SFNFMMBSFUJDVMBUB
BMJNFOUP
(3&$*"
%JBNBOEJT DPNVOJDBDJOQFSTPOBM
BMJNFOUP
"HBSJDVTBSWFOTJT
BMJNFOUP
5SPHJBTQ
BMJNFOUP
"HBSJDVTDBNQFTUSJT
BMJNFOUP
"NBOJUBDBFTBSFB
BMJNFOUP
(6*/&"
8BMMFZOZ3BNNFMPP
#PMFUVTTQQ
BMJNFOUP
BMJNFOUP
$PQSJOVTTQ
BMJNFOUP
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
.BDSPMFQJPUBTQ
BMJNFOUP
)0/(,0/( 3FHJOBENJOJTUSBUJWBFTQFDJBM $IJOB

$IBOHZ.BP
1MFVSPUVTPTUSFBUVT
BMJNFOUP
"HBSJDVTBCSVQUJCVMCVT
DPNFTUJCMF
3BNBSJBTQ
BMJNFOUP
"HBSJDVTBSWFOTJT
(6"5&."-"
'MPSFT DPNVOJDBDJOQFSTPOBM
DPNFTUJCMF
NFEJDJOBM
"HBSJDVTCJTQPSVT
DPNFTUJCMF
NFEJDJOBM
"HBSJDVTDBNQFTUSJT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
"HSPDZCFBFHFSJUB
BMJNFOUP
DPNFTUJCMF
NFEJDJOBM
"NBOJUBDBFTBSFB
BMJNFOUP
"HBSJDVTDPNUVMVT
DPNFTUJCMF
"HBSJDVTNJDSPNFHFUIVT
DPNFTUJCMF
"HBSJDVTQMBDPNZDFT
<DPNFTUJCMF>
"HBSJDVTQVSQVSFMMVT
<DPNFTUJCMF>
"HBSJDVTSVCFMMVT
DPNFTUJCMF
"HBSJDVTTFNPUVT
<DPNFTUJCMF>
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
"HSPDZCFDZMJOESBDFB
DPNFTUJCMF
NFEJDJOBM
"HSPDZCFEVSB
DPNFTUJCMF
NFEJDJOBM
"HSPDZCFGBSJOBDFB
DPNFTUJCMF
"HSPDZCFQBMVEPTB
DPNFTUJCMF
"HSPDZCFQFEJBEFT
DPNFTUJCMF
"HSPDZCFQSBFDPY
DPNFTUJCMF
NFEJDJOBM
"NBOJUBDBMZQUSPEFSNB
BMJNFOUP
"NBOJUBIFNJCBQIB
BMJNFOUP
"NBOJUBSVCFTDFOT
BMJNFOUP
"SNJMMBSJBNFMMFB
BMJNFOUP
"VSJDVMBSJBEFMJDBUB
BMJNFOUP
#PMFUVTFEVMJT
BMJNFOUP
BMJNFOUP
-FQJPUBHSBTTFJ
DPNFTUJCMF
(6:"/"
4JNNPOT )FOLFMZ#BT
"NBOJUBQFSQIBFB
DPNFTUJCMF
$BOUIBSFMMVTJHOJDPMPS
BMJNFOUP
$BOUIBSFMMVTPEPSBUVT
BMJNFOUP
BMJNFOUP
$MBWVMJOBDJOFSFB
BMJNFOUP
BMJNFOUP
)FMWFMMBDSJTQB
BMJNFOUP
)FMWFMMBMBDVOPTB
BMJNFOUP
)ZEOVNSFQBOEVN
BMJNFOUP
"NBOJUBSVCFTDFOT
DPNFTUJCMF
)ZHSPQIPSVTSVTTVMB
BMJNFOUP
"NBOJUBWBHJOBUB
<DPNFTUJCMF>
BMJNFOUP
"NBOJUBWJSHJOFPJEFT
DPNFTUJCMF
-BDDBSJBBNFUIZTUFB
BMJNFOUP
"NBVSPEFSNBOJHSVN
NFEJDJOBM
-BDDBSJBCJDPMPS
BMJNFOUP
"NBVSPEFSNBSVEF
NFEJDJOBM
-BDDBSJBMBDDBUB
BMJNFOUP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTDPSSVHJT
BMJNFOUP
NFEJDJOBM
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
-BDUBSJVTJOEJHP
BMJNFOUP
DPNFTUJCMF
NFEJDJOBM
BMJNFOUP
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTTBMNPOJDPMPS
BMJNFOUP
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
BMJNFOUP
1MFVSPUVTTQ
BMJNFOUP
DPNFTUJCMF
NFEJDJOBM
#PMFUVTFNPEFOTJT
DPNFTUJCMF
3BNBSJBBSBJPTQPSB
BMJNFOUP
#PMFUVTHSJTFVT
DPNFTUJCMF
3BNBSJBCPUSZUJT
BMJNFOUP

#PMFUVTTQFDJPTVT
<DPNFTUJCMF>
'PNJUPQTJTVMNBSJB
NFEJDJOBM
#PWJTUBQMVNCFB
DPNFTUJCMF
NFEJDJOBM
(BOPEFSNBBQQMBOBUVN
NFEJDJOBM
#PWJTUFMMBTJOFOTJT
NFEJDJOBM
(BOPEFSNBDBQFOTF
NFEJDJOBM
(BOPEFSNBMPCBUVN
NFEJDJOBM
(BOPEFSNBMVDJEVN
NFEJDJOBM
(BOPEFSNBTJOFOTF
NFEJDJOBM
(BOPEFSNBUFOVF
NFEJDJOBM
(BOPEFSNBUSPQJDVN
NFEJDJOBM
$BMPDFSBDPSOFB
DPNFTUJCMF
$BMPDFSBWJTDPTB
DPNFTUJCMF
$BMPDZCFMFVDPDFQIBMB
DPNFTUJCMF
$BMWBUJBDBFMBUB
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
(BOPEFSNBUTVHBF
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
(FBTUSVNUSJQMFY
NFEJDJOBM
$BMWBUJBMJMBDJOB
DPNFTUJCMF
NFEJDJOBM
(PNQIVTDMBWBUVT
DPNFTUJCMF
(SJGPMBGSPOEPTB
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
$BOUIBSFMMVTDJOFSFVT
DPNFTUJCMF
(ZSPEPOMJWJEVT
DPNFTUJCMF
$BOUIBSFMMVTDJOOBCBSJOVT
DPNFTUJCMF
(ZSPQPSVTDBTUBOFVT
<DPNFTUJCMF>
$FSSFOBVOJDPMPS
NFEJDJOBM
)FSJDJVNFSJOBDFVT
DPNFTUJCMF
NFEJDJOBM
$MBWBSJBWFSNJDVMBSJT
DPNFTUJCMF
)FYBHPOJBBQJBSJB
NFEJDJOBM
$MBWJDPSPOBQZYJEBUB
DPNFTUJCMF
)JSTDIJPQPSVTBCJFUJOVN
NFEJDJOBM
$MBWVMJOBDSJTUBUB
DPNFTUJCMF
DPNFTUJCMF
)JSTDIJPQPSVT
GVTDPWJPMBDFVN
NFEJDJOBM
$MBWVMJOPQTJTIFMWPMB
$MBWVMJOPQTJTNJZBCFBOB
DPNFTUJCMF
)PIFOCVFIFMJBQFUBMPJEFT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
)ZHSPQIPSVTFCVSOFVT
DPNFTUJCMF
$MJUPDZCFDMBWJQFT
DPNFTUJCMF
$MJUPDZCFGSBHSBOT
<DPNFTUJCMF>
NFEJDJOBM
$MJUPQJMVTQSVOVMVT
DPNFTUJCMF
)ZQTJ[ZHVTNBSNPSFVT
DPNFTUJCMF
$PMMZCJBBDFSWBUB
<DPNFTUJCMF>
NFEJDJOBM
$PMMZCJBCVUZSBDFB
<DPNFTUJCMF>
,PCBZBTJBOJQQPOJDB
DPNFTUJCMF
$PMMZCJBDPOGMVFOT
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBESZPQIJMB
<DPNFTUJCMF>
-BDDBSJBBNFUIZTUFB
DPNFTUJCMF
$PQSJOVTDPNBUVT
<DPNFTUJCMF>
NFEJDJOBM
-BDDBSJBMBDDBUB
DPNFTUJCMF
$PQSJOVTNJDBDFVT
<DPNFTUJCMF>
NFEJDJOBM
-BDSZNBSJBWFMVUJOB
DPNFTUJCMF
-BDUBSJVTBLBIBUTV
DPNFTUJCMF
$PQSJOVTQMJDBUJMJT
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
$PQSJOVTSBEJBOT
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTIBUTVEBLF
DPNFTUJCMF
NFEJDJOBM
$PQSJOVTTUFSRVJMJOVT
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTIZHSPQIPSPJEFT
DPNFTUJCMF
NFEJDJOBM
$SBUFSFMMVTBVSFVT
DPNFTUJCMF
-BDUBSJVTWPMFNVT
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
$SFQJEPUVTBQQMBOBUVT
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
$SFQJEPUVTNPMMJT
DPNFTUJCMF
-BOPQJMBOJQQPOJDB
DPNFTUJCMF
$ZBUIVTTUFSDPSFVT
NFEJDJOBM
-FOUJOFMMVTDPDIMFBUVT
DPNFTUJCMF
$ZTUPEFSNBBNJBOUIJOVN
DPNFTUJCMF
-FOUJOVMBFEPEFT
DPNFTUJCMF
NFEJDJOBM
$ZTUPEFSNBUFSSFJ
DPNFTUJCMF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
%BDSZNZDFTQBMNBUVT
DPNFTUJCMF
-FOUJOVTTUSJHPTVT
DPNFTUJCMF
%BDSZPQJOBYTQBUIVMBSJB
DPNFTUJCMF
-FOUJOVTUJHSJOVT
DPNFTUJCMF
%JDUZPQIPSBEVQMJDBUB
DPNFTUJCMF
NFEJDJOBM
-FQJPUBBTQFSB
DPNFTUJCMF
%JOEVTJBUBGMVUFB
DPNFTUJCMF
-FQJPUBDMZQFPMBSJB
<DPNFTUJCMF>
%JDUZPQIPSBNVMUJDPMPS
<NFEJDJOBM>
-FQJPUBWFOUSJPTPTQPSB
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
-FQJTUBOVEB
DPNFTUJCMF
NFEJDJOBM
-FQJTUBTPSEJEB
DPNFTUJCMF
'PNFTGPNFOUBSJVT

-FVDPBHBSJDVTQVEJDVT
<DPNFTUJCMF>
1MFVSPUVTDPSUJDBUVT
-FVDPDPQSJOVTDFQBFTUJQFT
<DPNFTUJCMF>
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
-JNBDFMMBHMJPEFSNB
DPNFTUJCMF
1MFVSPUVTGMFYJMJT
DPNFTUJCMF
-ZDPQFSEPOBTQFSVN
NFEJDJOBM
1MFVSPUVTPTUSFBUVT
-ZDPQFSEPOQFSMBUVN
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
-ZDPQFSEPOQVTJMMVN
NFEJDJOBM
1MFVSPUVTSIPEPQIZMMVT
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
NFEJDJOBM
1MFVSPUVTTQPEPMFVDVT
DPNFTUJCMF
-ZDPQFSEPOTQBEJDFVN
NFEJDJOBM
1MVUFVTMFPOJOVT
DPNFTUJCMF
-ZPQIZMMVNGVNPTVN
DPNFTUJCMF
1MVUFVTQFMMJUVT
DPNFTUJCMF
-ZPQIZMMVNVMNBSJVN
DPNFTUJCMF
1MVUFVTUSJDVTQJEBUVT
DPNFTUJCMF
-ZTVSVTNPLVTJO
NFEJDJOBM
1PMZQPSVTBMWFPMBSJT
NFEJDJOBM
.BDSPDZCFMPCBZFOTJT
DPNFTUJCMF
1PMZQPSVTBSDVMBSJVT
DPNFTUJCMF
NFEJDJOBM
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
NFEJDJOBM
1PMZQPSVTFMFHBOT
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
1PMZQPSVTVNCFMMBUVT
DPNFTUJCMF
NFEJDJOBM
.BSBTNJFMMVTSBNFBMJT
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
1TBUIZSFMMBQJMVMJGPSNJT
DPNFTUJCMF
.BSBTNJVTDPIBFSFOT
DPNFTUJCMF
NFEJDJOBM
1TBUIZSFMMBSVHPDFQIBMB
DPNFTUJCMF
.BSBTNJVTDSJOJTFRVJ
DPNFTUJCMF
1VMWFSPCPMFUVTSBWFOFMJJ
.BSBTNJVTNBYJNVT
DPNFTUJCMF
<DPNFTUJCMF>
NFEJDJOBM
1ZDOPQPSVTDJOOBCBSJOVT
NFEJDJOBM
.BSBTNJVTPSFBEFT
DPNFTUJCMF
NFEJDJOBM
1ZDOPQPSVTDPDDJOFVT
NFEJDJOBM
.BSBTNJVTQFSTPOBUVT
DPNFTUJCMF
3BNBSJBBQJDVMBUB
DPNFTUJCMF
.BSBTNJVTQVSQVSFPTUSJBUVT
DPNFTUJCMF
3IJ[PQPHPOSVCFTDFOT
DPNFTUJCMF
.FHBDPMMZCJBQMBUZQIZMMB
DPNFTUJCMF
NFEJDJOBM
3VTTVMBBFSVHJOFB
DPNFTUJCMF
.FMBOPMFVDBBMCPGMBWJEB
DPNFTUJCMF
3VTTVMBDSVTUPTB
DPNFTUJCMF
NFEJDJOBM
.FMBOPMFVDBNFMBMFVDB
DPNFTUJCMF
3VTTVMBEFMJDB
.ZDFOBQVSB
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
3VTTVMBFNFUJDB
<NFEJDJOBM>
/FPMFOUJOVTMFQJEFVT
DPNFTUJCMF
NFEJDJOBM
3VTTVMBGPFUFOT
<NFEJDJOBM>
0TTJDBVMJTMJHOBUJMJT
DPNFTUJCMF
3VTTVMBMJMBDFB
0VEFNBOTJFMMBNVDJEB
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
3VTTVMBTBOHVJOFB
1BOFMMVTTFSPUJOVT
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
3VTTVMBTFOFDJT
<NFEJDJOBM>
1BOFMMVTTUJQUJDVT
<NFEJDJOBM>
3VTTVMBWFTDB
1IBMMVTJNQVEJDVT
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
3VTTVMBWJSFTDFOT
1IBMMVTSVCJDVOEVT
<NFEJDJOBM>
DPNFTUJCMF
NFEJDJOBM
1IBMMVTUFOVJT
NFEJDJOBM
4BSDPTDZQIBDPDDJOFB
DPNFTUJCMF
1IFMMJOVTDPODIBUVT
NFEJDJOBM
DPNFTUJCMF
1IFMMJOVTJHOJBSJVT
NFEJDJOBM
4DMFSPEFSNBCPWJTUB
DPNFTUJCMF
NFEJDJOBM
1IPMJPUBGMBNNBOT
DPNFTUJCMF
NFEJDJOBM
4DMFSPEFSNBDJUSJOVN
<NFEJDJOBM>
1IPMJPUBIJHIMBOEFOTJT
DPNFTUJCMF
4DMFSPEFSNBGMBWJEVN
NFEJDJOBM
1IPMJPUBOBNFLP
DPNFTUJCMF
NFEJDJOBM
4DMFSPEFSNBQPMZSIJ[VN
DPNFTUJCMF
NFEJDJOBM
1IZMMPQPSVTSIPEPYBOUIVT
DPNFTUJCMF
4DMFSPEFSNBWFSSVDPTVN
NFEJDJOBM
NFEJDJOBM
4USPCJMPNZDFTDPOGVTVT
DPNFTUJCMF
DPNFTUJCMF
4USPCJMPNZDFTTUSPCJMBDFVT
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
4USPQIBSJBDPSPOJMMB
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF

DPNFTUJCMF
$FUSBSJBTUSVNTQ
PUSPToFTQFDJB
4USPQIBSJBTFNJHMPCBUB
DPNFTUJCMF
NFEJDJOBM
$MBWBSJBBVSFB
DPNFTUJCMF
4VJMMVTBNFSJDBOVT
DPNFTUJCMF
$MJUPDZCFTQ
DPNFTUJCMF
$PMMZCJBTQ
DPNFTUJCMF
$PQSJOVTBDVNJOBUVT
DPNFTUJCMF
DPNFTUJCMF
4VJMMVTCSFWJQFT
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
NFEJDJOBM
4VJMMVTMBDUJGMVVT
DPNFTUJCMF
$PQSJOVTDPNBUVT
DPNFTUJCMF
4VJMMVTTVCMVUFVT
DPNFTUJCMF
$ZBUIVTMJNCBUVT
NFEJDJOBM
4VJMMVTUPNFOUPTVT
DPNFTUJCMF
%BMEJOJBDPODFOUSJDB
NFEJDJOBM
DPNFTUJCMF
NFEJDJOBM
&OUPMPNBNJDSPDBSQVN
DPNFTUJCMF
DPNFTUJCMF
&WFSOJBQSVOBTUSJ
PUSPToQFSGVNF
DPNFTUJCMF
(BOPEFSNBMVDJEVN
NFEJDJOBM
5SBNFUFTBMCJEB
NFEJDJOBM
(FBTUSVNGJNCSJBUVN
DPNFTUJCMF
5SBNFUFTIJSTVUB
NFEJDJOBM
(FBTUSVNUSJQMFY
DPNFTUJCMF
5SBNFUFTPSJFOUBMJT
NFEJDJOBM
(FPQPSBTQ
DPNFTUJCMF
5SBNFUFTQVCFTDFOT
NFEJDJOBM
)FMWFMMBTQ
DPNFTUJCMF
5SBNFUFTWFSTJDPMPS
NFEJDJOBM
-BDUBSJVTEFUFSSJNVT
DPNFTUJCMF
5SFNFMMBGVDJGPSNJT
DPNFTUJCMF
NFEJDJOBM
-BDUBSJVTQSJODFQT
DPNFTUJCMF
DPNFTUJCMF
-FOUJOVMBFEPEFT
DPNFTUJCMF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
5SJDIPMPNBJNCSJDBUVN
DPNFTUJCMF
DPNFTUJCMF
5SJDIPMPNBSVUJMBOT
<DPNFTUJCMF>
5ZMPQJMVTCBMMPVJJ
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
-FOUJOVTTVCOVEVT
DPNFTUJCMF
-FQJPUBNBTUPJEFB
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
-JNBDFMMBTQ
DPNFTUJCMF
DPNFTUJCMF
-ZDPQFSEPOQVTJMMVN
DPNFTUJCMF
7TQFDJPTBWBSHMPJPDFQIBMB <DPNFTUJCMF>
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
.BDSPDZCFHJHBOUFB
DPNFTUJCMF
.BDSPDZCFMPCBZFOTJT
DPNFTUJCMF
DPNFTUJCMF
NFEJDJOBM
8PMGJQPSJBFYUFOTB
DPNFTUJCMF
NFEJDJOBM
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
DPNFTUJCMF
.BSBTNJVTTQ
DPNFTUJCMF
9FSPNQIBMJOBDBNQBOFMMB
DPNFTUJCMF
.JDSPQPSVTYBOUIPQVT
NFEJDJOBM
9FSVMBSBEJDBUB
DPNFTUJCMF
.PSDIFMMBBOHVTUJDFQT
DPNFTUJCMF
9ZMBSJBQPMZNPSQIB
NFEJDJOBM
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
.ZDFOBTUSVNDPSJVN
DPNFTUJCMF
1BSNPUSFNBTQ
PUSPToFTQFDJB
1FMUJHFSBDBOJOB
NFEJDJOBM
1IBMMVTJNQVEJDVT
NFEJDJOBM
1IFMMPSJOJBJORVJOBOT
DPNFTUJCMF
1MFVSPUVTFSZOHJJ
DPNFTUJCMF
1MFVSPUVTGPTTVMBUVT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1PEBCSFMMBNJDSPDBSQB
DPNFTUJCMF
1PEBYJTQJTUJMMBSJT
DPNFTUJCMF
1PEPTDZQIBOJUJEVMB
DPNFTUJCMF
3GMBWPCSVOOFTDFOTWBS
BVSFB
BMJNFOUP
*/%*"
#JSLT #PSVBIFUBM 4JOHIZ
3BXBU )BSTI 5JXBSJZ3BJ 1FHMFS
Z7BOIBFDLF 1VSLBZBTUIBZ$IBOESB
3JDIBSETPO 4BSLBS $IBLSBCPSUZ
Z#IBUUBDIBSKFF 4IBSEB ,BVTIBMZ/FHJ
4IBSNBZ%PTIJ
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"NBOJUBWBHJOBUB
DPNFTUJCMF
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
#PMFUVTFEVMJT
DPNFTUJCMF
#PWJTUBBQFEJDFMMBUB
NFEJDJOBM
#PWJTUBHJHBOUFB
DPNFTUJCMF
$BMPDZCFJOEJDB
DPNFTUJCMF
DPNFTUJCMF
GPSNPTPJEFT
<DPNFTUJCMF>
DPNFTUJCMF
DPNFTUJCMF
UZQJDB
BMJNFOUP
3BNBSJBPCUVTJTTJNB
BMJNFOUP

3BNBSJBTBOEBSBDJOB
<DPNFTUJCMF>
#PMFUVTFSZUISPQVT
DPNFTUJCMF
3BNBSJBTBOHVJOFB
BMJNFOUP
BMJNFOUP
3BNBSJBTVCCPUSZUJT
BMJNFOUP
&OUPMPNBDMZQFBUVN
DPNFTUJCMF
3VTTVMBEFMJDB
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
3VTTVMBEFOTJGPMJB
DPNFTUJCMF
-FQJTUBOVEB
BMJNFOUP
DPNFTUJCMF
-ZPQIZMMVNEFDBTUFT
BMJNFOUP
4DMFSPEFSNBSBEJDBOT
DPNFTUJCMF
1MFVSPUVTFSZOHJJ
BMJNFOUP
DPNFTUJCMF
4QBSBTTJTDSJTQB
DPNFTUJCMF
,&/:"
8BMMFZO 8BMMFZOZ3BNNFMPP
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
5FSNJUPNZDFTIFJNJJ
DPNFTUJCMF
DPNFTUJCMF
5FSNJUPNZDFTSBEJDBUVT
DPNFTUJCMF
DPNFTUJCMF
BMJNFOUP
5VCFSTQ
DPNFTUJCMF
7PMWBSJFMMBEJQMBTJB
DPNFTUJCMF
7PMWBSJFMMBUFSBTUSJB
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
DPNFTUJCMF
&OHMFSPNZDFTHPFU[FJ
NFEJDJOBM
-BOHFSNBOOJBXBIMCFSHJJ
PUSPToNPSUBM
-JHOPTVTTBDFS
NFEJDJOBM
.BDSPMFQJPUBEPMJDIBVMB
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
<BMVDJOHFOP>
1PEBYJTQJTUJMMBSJT
PUSPToNPSUBM
1TJMPDZCFNFSEBSJB
BMVDJOHFOP
WFOFOPTP
DPNFTUJCMF
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
DPNFTUJCMF
9ZMBSJBQPMZNPSQIB
NFEJDJOBM
,*3(6*45/
&MDIJCBFW
*/%0/&4*"
#VSLIJMM %VDPVTTP #BZ5IPFO
"SNJMMBSJBNFMMFB
DPNFTUJCMF
BMJNFOUP NFEJDJOBM

#PWJTUBQMVNCFB
DPNFTUJCMF
$BMWBUJBDBFMBUB
DPNFTUJCMF
$MJUPDZCFIZQPDBMBNVT
BMJNFOUP
DPNFTUJCMF
.BSBTNJVTTQ
BMJNFOUP
DPNFTUJCMF
1PMZQPSVTHSBNNPDFQIBMVT
BMJNFOUP
$PQSJOVTDPNBUVT
<DPNFTUJCMF>
3VTTVMBTQ
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
4DMFSPEFSNBTQ
BMJNFOUP
(ZSPNJUSBFTDVMFOUB
<DPNFTUJCMF>
BMJNFOUP
-BDUBSJVTEFMJDJPTVT
DPNFTUJCMF
*3"2
"M/BBNB &XB[FZ/FNB "MTIFJLIZ
5SBQQF
DPNFTUJCMF
-FDDJOVNTDBCSB
DPNFTUJCMF
5FSGF[JBDMBWFSZJ
DPNFTUJCMF
-FQJTUBOVEB
DPNFTUJCMF
5JSNBOJBOJWFB
DPNFTUJCMF
-ZDPQFSEPOHFNNBUVN
DPNFTUJCMF
5JSNBOJBQJOPZJ
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
DPNFTUJCMF
DPNFTUJCMF
*43"&8BTTFS
.PSDIFMMBDPOJDB
DPNFTUJCMF
1MFVSPUVTFSZOHJJWBS
GFSVMBF
DPNFTUJCMF
.PSDIFMMBJOUFSNFEJB
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
1BYJMMVTBUSPUPNFOUPTVT
DPNFTUJCMF
DPNFTUJCMF
1MFVSPUVTFSZOHJJ
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
+".")*3*:"3"#&-*#*"
"MTIFJLIZ5SBQQF
5JSNBOJBOJWFB
DPNFTUJCMF
1UZDIPWFSQBCPIFNJDB
DPNFTUJCMF
5JSNBOJBQJOPZJ
DPNFTUJCMF
3BNBSJBGMBWB
DPNFTUJCMF
+03%"/*"
&SFJGFKZ"M3BEEBE 4BCSBZ8BMUFS
3VTTVMBBFSVHJOFB
DPNFTUJCMF
3VTTVMBEFMJDB
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
BMJNFOUP
3VTTVMBOJUJEB
DPNFTUJCMF
#PMFUVTBFTUJWBMJT
BMJNFOUP

3VTTVMBPMJWBTDFOT
DPNFTUJCMF
-FO[JUFTQBMJTPUJ
<DPNFTUJCMF>
3VTTVMBSPTBDFB
DPNFTUJCMF
-FQJPUBBTQFSB
<DPNFTUJCMF>
3VTTVMBTBSEPOJB
DPNFTUJCMF
-FQJPUBJNFSJOFOTJT
<DPNFTUJCMF>
4BSDPEPOJNCSJDBUVT
DPNFTUJCMF
-FQJPUBNBEBHBTDBSJFOTJT
<DPNFTUJCMF>
4DMFSPEFSNBDJUSJOVN
<DPNFTUJCMF>
-FQJPUBNBEJSPLFMFOTJT
DPNFTUJCMF
DPNFTUJCMF
-FQJPUBSBCBSJKBOPOBF
<DPNFTUJCMF>
-FQJPUBSPTFPBMCB
<DPNFTUJCMF>
-FVDPDPQSJOVTCBEIBNJJ
<DPNFTUJCMF>
-FVDPDPQSJOVTJNFSJOFOTJT
DPNFTUJCMF
-FVDPDPQSJOVTOBOJBOBF
DPNFTUJCMF
-FVDPDPQSJOVTUBOFUFOTJT
DPNFTUJCMF
-ZDPQFSEPOFOEPUFQISVN
DPNFTUJCMF
-ZTVSVTQFSJQISBHNPJEFT
<DPNFTUJCMF>
DPNFTUJCMF
<DPNFTUJCMF>
.FYDPSJBUBWBSSVCFTDFOT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
<DPNFTUJCMF>
.QSPDFSBWBSWF[P
DPNFTUJCMF
.JDSPQPSVTTBOHVJOFVT
<DPNFTUJCMF>
.PSDIFMMBJOUFSNFEJB
DPNFTUJCMF
.VUJOVTCBNCVTJOVT
<DPNFTUJCMF>
1IBFPMVTNBOJIPUJT
<DPNFTUJCMF>
1IBMMVTBSNFOJBDVT
<DPNFTUJCMF>
1IBMMVTJNQVEJDVT
<DPNFTUJCMF>
1IMFCPQVTDPMPTTVT
DPNFTUJCMF
1MFVSPUVTEBDUZMPQIPSVT
<DPNFTUJCMF>
1PEBYPOUFSNJUPQIJMVT
<DPNFTUJCMF>
1PMZQPSVTDSPDFPMFVDVT
<DPNFTUJCMF>
1PMZTUJDUVTTQ
<DPNFTUJCMF>
3BNBSJBTUSJDUB
<DPNFTUJCMF>
3PDDFMMBTQ
PUSPToNPSUBM
3VTTVMBDZBOPYBOUIB
<DPNFTUJCMF>
,68"*5
"MTIFJLI:5SBQQF
5JSNBOJBOJWFB
DPNFTUJCMF
5JSNBOJBQJOPZJ
BMJNFOUP NFEJDJOBM
-&405)0
3BNNFMPPZ8BMMFZO
5FSNJUPNZDFT
DPNFTUJCMF
."%"("4$"3
#PVSJRVFU %VDPVTTP #BZ5IPFO
3BNNFMPPZ8BMMFZO 3JDIBSETPO
8BMMFZOZ3BNNFMPP
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
<DPNFTUJCMF>
"NBOJUBIPWBF
DPNFTUJCMF
"NBOJUBSPCVTUB
<DPNFTUJCMF>
"NBOJUBWBHJOBUB
<DPNFTUJCMF>
"OUIVSVTQFOUVMVT
<DPNFTUJCMF>
"SNJMMBSJBIFJNJJ
<DPNFTUJCMF>
"SNJMMBSJFMMBFMFHBOT
<DPNFTUJCMF>
"TFSPTQ
<DPNFTUJCMF>
<DPNFTUJCMF>
#PMFUVTCPVSJRVFUJ
<DPNFTUJCMF>
#PMFUVTDPMPTTVT
<DPNFTUJCMF>
<DPNFTUJCMF>
<DPNFTUJCMF>
$BOUIBSFMMVTFVDBMZQUPSVN
BMJNFOUP
$BOUIBSFMMVT
NBEBHBTDBSJFOTJT
<DPNFTUJCMF>
$IMPSPQIZMMVN
NBEBHBTDBSJFOTF
DPNFTUJCMF
3VTTVMBNBEBHBTTFOTJT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$MBUISVTNBEBHBTDBSJFOTJT
<DPNFTUJCMF>
4USPCJMPNZDFT
<DPNFTUJCMF>
$MBWBSJBNJOJBUB
<DPNFTUJCMF>
4USPCJMPNZDFTDPUVSOJY
DPNFTUJCMF
$PMMZCJBUBNBUBWBF
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
$PSUJOBSJVTMBSHVT
DPNFTUJCMF
5FSGF[JBEFDBSZJ
<DPNFTUJCMF>
$ZBUIVTTUFSDPSFVT
<DPNFTUJCMF>
5SJDIPMPNBTDBCSVN
DPNFTUJCMF
(BMJFMMBKBWBOJDB
NFEJDJOBM
<DPNFTUJCMF>
(BOPEFSNBMVDJEVN
<DPNFTUJCMF>
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
(FBTUSVNGJNCSJBUVN
<DPNFTUJCMF>
<DPNFTUJCMF>
*OPDZCF
<DPNFTUJCMF>
9FSPDPNVTWFSTJDPMPS
DPNFTUJCMF
*OPDZCFUVMFBSFOTJT
<DPNFTUJCMF>
-BDDBSJBFEVMJT
DPNFTUJCMF
."-"4*"
#VSLIJMM 1FHMFSZ7BOIBFDLF
-BDUBSJVTSVCSPWJPMBTDFOT
<DPNFTUJCMF>
-FOUJOVTCFSUFSJ
<DPNFTUJCMF>
-FOUJOVTUVCFSSFHJVN
DPNFTUJCMF

NFEJDJOBM
BMJNFOUP
DPNFTUJCMF
5FSNJUPNZDFTFOUPMPNPJEFT
DPNFTUJCMF
DPNFTUJCMF

5FSNJUPNZDFTIFJNJJ
DPNFTUJCMF
1FSFOOJQPSJBNVOEVMB
NFEJDJOBM
DPNFTUJCMF
1IMFCPQVTDPMPTTVT
DPNFTUJCMF
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
DPNFTUJCMF
."-"8*
3BNNFMPPZ8BMMFZO
8BMMFZOZ3BNNFMPP WFBUBNCJO
XXXNBMBXJGVOHJPSH
1PMZQPSVTCSBTJMJFOTJT
DPNFTUJCMF
1PMZQPSVTNPMVDDFOTJT
DPNFTUJCMF
1TBUIZSFMMBBUSPVNCPOBUB
<DPNFTUJCMF>
DPNFTUJCMF
DPNFTUJCMF
"GSPCPMFUVTMVUFPMVT
DPNFTUJCMF
1VMWFSPCPMFUVTBCFSSBOT
DPNFTUJCMF
"HBSJDVTCJOHFOTJT
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTDSPDFPMVUFTDFOT
DPNFTUJCMF
3VCJOPCPMFUVT
MVUFPQVSQVSFVT
3VTTVMBBGSPOJHSJDBOT
DPNFTUJCMF
"HBSJDVTFOEPYBOUIVT
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
DPNFTUJCMF
"NBOJUBCJOHFOTJT
DPNFTUJCMF
3VTTVMBEFMJDB
DPNFTUJCMF
"NBOJUBDBMPQVT
DPNFTUJCMF
3VTTVMBPDISPMFVDB
DPNFTUJCMF
"NBOJUBGMBNNFPMB
DPNFTUJCMF
3VTTVMBSPTFB
DPNFTUJCMF
"NBOJUBGVMWB
DPNFTUJCMF
3VTTVMBTDIJ[PEFSNB
DPNFTUJCMF
"NBOJUBHPPTFOTJBF
DPNFTUJCMF
DPNFTUJCMF
"NBOJUBIFNJCBQIB
DPNFTUJCMF
4UFSFPQTJTIJTDFOT
DPNFTUJCMF
"NBOJUBNVTDBSJB
BMVDJOHFOP
WFOFOPTP
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
"NBOJUBQSBFDMBSB
<DPNFTUJCMF>
JOTFDUJDJEB
4VJMMVTMVUFVT
DPNFTUJCMF
"NBOJUBSIPEPQIZMMB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
5SPHJBJOGVOEJCVMJGPSNJT
<DPNFTUJCMF>
5VCPTBFUBCSVOOFPTFUPTB
DPNFTUJCMF
7BTDFMMVNQSBUFOTF
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
9FSPDPNVTQBMMJEPTQPSVT
DPNFTUJCMF
9FSPDPNVTTPZFSJ
DPNFTUJCMF
9FSVMBSBEJDBUB
DPNFTUJCMF
"NBOJUBSPCVTUB
DPNFTUJCMF
"NBOJUBSVCFTDFOT
DPNFTUJCMF
"NBOJUBWBHJOBUB
DPNFTUJCMF
"NBOJUB[BNCJBOB
DPNFTUJCMF
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$BOUIBSFMMVTMPOHJTQPSVT
DPNFTUJCMF
$BOUIBSFMMVTUFOVJT
DPNFTUJCMF
$MBWBSJBBMCJSBNFB
DPNFTUJCMF
$PMMZCJBDPOGMVFOT
DPNFTUJCMF
$PMMZCJBESZPQIJMB
DPNFTUJCMF
$PQSJOVTEJTTFNJOBUVT
DPNFTUJCMF
$ZNBUPEFSNBEFOESJUJDVN
DPNFTUJCMF
(ZSPQPSVTDBTUBOFVT
DPNFTUJCMF
*OPDZCF
<DPNFTUJCMF>
-BDUBSJVTHZNOPDBSQVT
DPNFTUJCMF
-BDUBSJVTQJQFSBUVT
DPNFTUJCMF
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
-FOUJOVTDMBEPQVT
DPNFTUJCMF
-FOUJOVTTRVBSSVMPTVT
DPNFTUJCMF
-FQJTUBDBGGSPSVN
DPNFTUJCMF
.BDSPDZCFMPCBZFOTJT
DPNFTUJCMF
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
.JDSPQTBMMJPUB
CSVOOFPTQFSNB
DPNFTUJCMF
."336&$04
"MTIFJLIZ5SBQQF ,ZUPWVPSJ
.PSFOP"SSPZPFUBM 3JDIBSETPO
'"0 C
"HBSJDVTCJTQPSVT
DPNFTUJCMF
#PMFUVTFEVMJT
DPNFTUJCMF
DPNFTUJCMF
&WFSOJBQSVOBTUSJ
PUSPToQFSGVNF
.PSDIFMMBTQ
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1TFVEFWFSOJBGVSGVSBDFB
PUSPToQFSGVNF
5FSGF[JBMFPOJT
DPNFTUJCMF
5JSNBOJBOJWFB
DPNFTUJCMF
5SJDIPMPNBDBMJHBUVN
DPNFTUJCMF

5SJDIPMPNBOBVTFPTVN
DPNFTUJCMF
5VCFSPMJHPTQFSNVN
DPNFTUJCMF
"NBOJUBNVTDBSJB
NFEJDJOBM
JOTFDUJDJEB
"NBOJUBSVCFTDFOT
BMJNFOUP
."63*$*0
3BNNFMPPZ8BMMFZO 8BMMFZOZ
3BNNFMPP
"NBOJUBUV[B
BMJNFOUP
"NBOJUBVNCPOBUB
BMJNFOUP
$PQSJOVTDBTUBOFVT
DPNFTUJCMF
"NBOJUBWBHJOBUB
BMJNFOUP
<DPNFTUJCMF>
"SBDIOJPOBMCVN
BMJNFOUP
"SNJMMBSJBMVUFPWJSFOT
BMJNFOUP
5SJDIPMPNBNBVSJUJBOVN
DPNFTUJCMF
"SNJMMBSJBNFMMFB
BMJNFOUP
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
"SNJMMBSJBPTUPZBF
BMJNFOUP
.9*$0
-QF[ $SV[Z;BNPSB.BSUOF[ .BUB
.POUPZB&TRVJWFM .POUPZB
&TRVJWFMFUBM .PSFOP'VFOUFTFU
BM 3JDIBSETPO 7JMMBSSFBMZ
1SF[.PSFOP XXXTFNBSOBUHPCNY
;BNPSB.BSUOF[ "MWBSBEPZ%PNOHVF[
;BNPSB.BSUOF[ 3FZHBEBTZ$JGVFOUFT
"SNJMMBSJBUBCFTDFOT
BMJNFOUP
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
DPNFTUJCMF
"VSJDVMBSJBNFTFOUFSJDB
DPNFTUJCMF
"HBSJDVTBSWFOTJT
BMJNFOUP
DPNFTUJCMF
"HBSJDVTBVHVTUVT
BMJNFOUP
#PMFUFMMVTBOBOBT
BMJNFOUP
"HBSJDVTCJTQPSVTWBS
BMCJEVT
DPNFTUJCMF
#PMFUFMMVTCFUVMB
BMJNFOUP
#PMFUFMMVTSVTTFMMJJ
BMJNFOUP
"HBSJDVTCJTQPSVTWBS
CJTQPSVT
DPNFTUJCMF
#PMFUJOVTMBLFJ
DPNFTUJCMF
"HBSJDVTCJUPSRVJT
BMJNFOUP
#PMFUVTBFTUJWBMJT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
BMJNFOUP
#PMFUVTBULJOTPOJJ
DPNFTUJCMF
"HBSJDVTDPNUVMVT
BMJNFOUP
#PMFUVTCBSSPXTJJ
DPNFTUJCMF
"HBSJDVTFTTFUUFJ
BMJNFOUP
#PMFUVTCJDPMPSPJEFT
BMJNFOUP
BMJNFOUP
#PMFUVTFEVMJT
BMJNFOUP
"HBSJDVTJNQVEJDVT
BMJNFOUP
#PMFUVTFSZUISPQVT
BMJNFOUP
"HBSJDVTQMBDPNZDFT
DPNFTUJCMF
#PMFUVTGFMMFVT
DPNFTUJCMF
"HBSJDVTTJMWBUJDVT
BMJNFOUP
#PMFUVTGSPTUJJ
BMJNFOUP
"HBSJDVTTJMWJDPMB
BMJNFOUP
#PMFUVTMVSJEJGPSNJT
DPNFTUJCMF
"TRVBNVMJGFSVTWBSDBSPMJ
BMJNFOUP
#PMFUVTMVSJEVT
DPNFTUJCMF
"HBSJDVTTVCQFSPOBUVT
BMJNFOUP
#PMFUVTNJDIPBDBOVT
BMJNFOUP
BMJNFOUP
#PMFUVTQJOJDPMB
BMJNFOUP
"HSPDZCFWFSWBDUJ
DPNFTUJCMF
#PMFUVTQJOPQIJMVT
BMJNFOUP
"MCBUSFMMVTPWJOVT
BMJNFOUP
#PMFUVTSFHJVT
DPNFTUJCMF
"MFVSJBBVSBOUJB
DPNFTUJCMF
#PMFUVTSFUJDVMBUVT
BMJNFOUP
"NBOJUBDBFTBSFB
BMJNFOUP
#PMFUVTWBSJJQFT
BMJNFOUP
"DBFTBSFBGTQBNFSJDBOB
BMJNFOUP
BMJNFOUP
"NBOJUBDBMZQUSBUPJEFT
DPNFTUJCMF
#PWJTUBQMVNCFBWBS
PWBMJTQPSB
DPNFTUJCMF
DPNFTUJCMF
BMJNFOUP
"NBOJUBDFDJMJBF
BMJNFOUP
DPNFTUJCMF
"NBOJUBDSPDFB
BMJNFOUP
$BOUIBSFMMVMBVNCPOBUB
DPNFTUJCMF
"NBOJUBGMBWJWPMWB
<DPNFTUJCMF>
NFEJDJOBM
JOTFDUJDJEB
BMJNFOUP
BMJNFOUP
"NBOJUBGMBWPDPOJB
BMJNFOUP
BMJNFOUP
"NBOJUBGMBWPSVCFTDFOT
DPNFTUJCMF
DPNFTUJCMF
"NBOJUBGVMWB
BMJNFOUP
$ISPPHPNQIVTKBNBJDFOTJT
BMJNFOUP
"NBOJUBHFNNBUB
DPNFTUJCMF
$ISPPHPNQIVTSVUJMVT
BMJNFOUP
"NBOJUBJOBVSBUB
BMJNFOUP
BMJNFOUP
BMJNFOUP

)FCFMPNBGBTUJCJMF
BMJNFOUP
BMJNFOUP
)FCFMPNBNFTPQIBFVN
BMJNFOUP
BMJNFOUP
)FMWFMMBBDFUBCVMVN
BMJNFOUP
$MBWBSJBEFMQIVTVOJDPMPS
BMJNFOUP
)FMWFMMBDSJTQB
BMJNFOUP
$MBWJDPSPOBQZYJEBUB
BMJNFOUP
)FMWFMMBFMBTUJDB
BMJNFOUP
$MBWVMJOBDJOFSFB
BMJNFOUP
)FMWFMMBJOGVMB
BMJNFOUP
$MBWVMJOBDSJTUBUB
DPNFTUJCMF
)FMWFMMBMBDVOPTB
BMJNFOUP
$MBWVMJOBSVHPTB
DPNFTUJCMF
)FSJDJVNDBQVUVSTJ
DPNFTUJCMF
$MJNBDPDZTUJTCPSFBMJT
DPNFTUJCMF
)FSJDJVNDPSBMMPJEFT
DPNFTUJCMF
$MJUPDZCFDMBWJQFT
BMJNFOUP
)FSJDJVNFSJOBDFVT
BMJNFOUP
$MJUPDZCFHJCCB
BMJNFOUP NFEJDJOBM

DPNFTUJCMF
$MJUPDZCFOFCVMBSJT
BMJNFOUP
)ZEOPQPMZQPSVTGJNCSJBUVT
DPNFTUJCMF
$MJUPDZCFPEPSB
DPNFTUJCMF
BMJNFOUP
$MJUPDZCFTRVBNVMPTB
DPNFTUJCMF
)ZEOVNSFQBOEVN
BMJNFOUP
$MJUPDZCFTVBWFPMFOT
BMJNFOUP
)ZHSPDZCFOJHSFTDFOT
BMJNFOUP
$MJUPQJMVTQSVOVMVT
BMJNFOUP
BMJNFOUP
$PMMZCJBBDFSWBUB
DPNFTUJCMF
BMJNFOUP
$PMMZCJBCVUZSBDFB
BMJNFOUP
)ZHSPQIPSVTOJWFVT
BMJNFOUP
$PMMZCJBDPOGMVFOT
BMJNFOUP
)ZHSPQIPSVTQVSQVSBTDFOT
BMJNFOUP
$PMMZCJBESZPQIJMB
BMJNFOUP
)ZHSPQIPSVTSVTTVMB
BMJNFOUP
$PMMZCJBQPMZQIZMMB
DPNFTUJCMF
BMJNFOUP
$PPLFJOBTVMDJQFT
DPNFTUJCMF
)ZQPNZDFTNBDSPTQPSVT
DPNFTUJCMF
$PPLFJOBUSJDIPMPNB
DPNFTUJCMF
-BDDBSJBBNFUIZTUJOB
BMJNFOUP
$PQSJOVTDPNBUVT
DPNFTUJCMF
-BDDBSJBCJDPMPS
BMJNFOUP
BMJNFOUP
-BDDBSJBGBSJOBDFB
DPNFTUJCMF
BMJNFOUP
-BDDBSJBMBDDBUB
BMJNFOUP
$SBUFSFMMVTGBMMBY
BMJNFOUP
-BDDBSJBQSPYJNB
BMJNFOUP
$SPOBSUJVNDPOJHFOVN
DPNFTUJCMF
-BDDBSJBTDSPCJDVMBUVT
DPNFTUJCMF
%BMEJOJBDPODFOUSJDB
NFEJDJOBM
-BDUBSJVTDBSCPOJDPMB
DPNFTUJCMF
&OUFSJEJVNMZDPQFSEPO
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
&OUPMPNBBCPSUJWVN
BMJNFOUP
-BDUBSJVTJOEJHP
BMJNFOUP
&OUPMPNBDMZQFBUVN
BMJNFOUP
-BDUBSJVTQJQFSBUVT
BMJNFOUP
'BWPMVTBMWFPMBSJVT
DPNFTUJCMF
BMJNFOUP
'BWPMVTCSBTJMJFOTJT
DPNFTUJCMF
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
BMJNFOUP
BMJNFOUP
'PNJUPQTJTQJOJDPMB
NFEJDJOBM
-BDUBSJVTTVCEVMDJT
DPNFTUJCMF
'VMJHPTFQUJDB
DPNFTUJCMF
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
(BOPEFSNBMPCBUVN
NFEJDJOBM
-BDUBSJVTWPMFNVT
BMJNFOUP
(BVUJFSJBNFYJDBOB
DPNFTUJCMF
-BDUBSJVTZB[PPFOTJT
BMJNFOUP
(FBTUSVNTBDDBUVN
NFEJDJOBM
BMJNFOUP
(FBTUSVNUSJQMFY
BMJNFOUP

NFEJDJOBM
BMJNFOUP NFEJDJOBM

DPNFTUJCMF
-FDDJOVNBVSBOUJBDVN
BMJNFOUP
(PNQIVTDMBWBUVT
BMJNFOUP
-FDDJOVNDISPNBQFT
DPNFTUJCMF
(PNQIVTGMPDDPTVT
BMJNFOUP
-FDDJOVNSVHPTJDFQT
DPNFTUJCMF
(PNQIVTLBVGGNBOJJ
BMJNFOUP
-FOUJOVMBCPSZBOB
BMJNFOUP
(ZSPEPONFSVMJPJEFT
DPNFTUJCMF
-FOUJOVTDPODIBUVT
DPNFTUJCMF
(ZSPNJUSBJOGVMB
BMJNFOUP
-FQJPUBBTQFSB
DPNFTUJCMF
(ZSPQPSVTDBTUBOFVT
DPNFTUJCMF
-FQJPUBDMZQFPMBSJB
DPNFTUJCMF
$MBWBSJBEFMQIVTDPLFSJ
BMJNFOUP

1TJMPDZCF[BQPUFDPSVN
DPNFTUJCMF
BMVDJOHFOP
BMJNFOUP
NFEJDJOBM
DPNFTUJCMF
3BNBMJOBFDLMPOJJ
DPNFTUJCMF
-ZDPQFSEPODBOEJEVN
DPNFTUJCMF
3BNBSJBBVSFB
BMJNFOUP
-ZDPQFSEPONBSHJOBUVN
DPNFTUJCMF
3BNBSJBCPOJJ
DPNFTUJCMF
-ZDPQFSEPOPCMPOHJTQPSVN
DPNFTUJCMF
3BNBSJBCPUSZUJT
BMJNFOUP
-ZDPQFSEPOQFDLJJ
BMJNFOUP
3BNBSJBCPUSZUPJEFT
DPNFTUJCMF
-ZDPQFSEPOQFSMBUVN
BMJNFOUP
3BNBSJBDZTUJEJPQIPSB
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
BMJNFOUP
3BNBSJBGMBWB
DPNFTUJCMF
-ZDPQFSEPOSJNVMBUVN
DPNFTUJCMF
BMJNFOUP
-ZDPQFSEPOVNCSJOVN
BMJNFOUP
3BNBSJBSPTFMMB
DPNFTUJCMF
-VNCSJOVNWBSGMPDDPTVN
DPNFTUJCMF
3BNBSJBSVCJHJOPTB
BMJNFOUP
-ZPQIZMMVNEFDBTUFT
BMJNFOUP
3BNBSJBSVCSJQFSNBOFOT
BMJNFOUP
-ZPQIZMMVNPWJTQPSVN
BMJNFOUP
3BNBSJBTBOHVJOFB
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
3BNBSJBTUSJDUB
DPNFTUJCMF
.BDSPQPEJBNBDSPQVT
BMJNFOUP
3IJ[PQPHPO
BMJNFOUP
.BSBTNJVTBMCPHSJTFVT
DPNFTUJCMF
BMJNFOUP
.BSBTNJVTPSFBEFT
BMJNFOUP
3PDDFMMB
PUSPToNPSUBM
.FMBOPMFVDBFWFOPTB
DPNFTUJCMF
3P[JUFTDBQFSBUVT
BMJNFOUP
DPNFTUJCMF
3VTTVMBBDJDVMPDZTUJT
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBBMVUBDFB
BMJNFOUP
.FSVMJVTJODBSOBUVT
BMJNFOUP
3VTTVMBCSFWJQFT
BMJNFOUP
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
BMJNFOUP
.PSDIFMMBDPOJDB
BMJNFOUP
3VTTVMBEFMJDB
BMJNFOUP
.PSDIFMMBDPTUBUB
DPNFTUJCMF
3VTTVMBEFOTJGPMJB
DPNFTUJCMF
.PSDIFMMBDSBTTJQFT
BMJNFOUP
3VTTVMBFNFUJDB
DPNFTUJCMF
.PSDIFMMBFMBUB
BMJNFOUP
3VTTVMBMFQJEB
BMJNFOUP
.PSDIFMMBFTDVMFOUB
BMJNFOUP
3VTTVMBMVUFB
BMJNFOUP
.ZDFOBQVSB
BMJNFOUP
3VTTVMBNBDSPQPEB
DPNFTUJCMF
/FPMFOUJOVTMFQJEFVT
DPNFTUJCMF
3VTTVMBNBSJBF
BMJNFOUP
/FPMFOUJOVTQPOEFSPTVT
BMJNFOUP
3VTTVMBNFYJDBOB
DPNFTUJCMF
0VEFNBOTJFMMBDBOBSJJ
BMJNFOUP
3VTTVMBOJHSJDBOT
BMJNFOUP
1BOVTDSJOJUVT
DPNFTUJCMF
3VTTVMBPMJWBDFB
BMJNFOUP
1BYJOBBDFUBCVMVN
BMJNFOUP
3VTTVMBPSOBUJDFQT
DPNFTUJCMF
1F[J[BCBEJB
BMJNFOUP
3VTTVMBRVFMFUJJ
DPNFTUJCMF
1IPMJPUBMFOUB
BMJNFOUP
3VTTVMBSPNBHOFTJBOB
BMJNFOUP
DPNFTUJCMF
3VTTVMBSVCSPBMCB
DPNFTUJCMF
1MFVSPUVTEKBNPS
BMJNFOUP
3VTTVMBWFTDB
DPNFTUJCMF
1MFVSPUVTESZJOVT
BMJNFOUP
3VTTVMBYFSBNQFMJOB
BMJNFOUP
1MFVSPUVTMFWJT
BMJNFOUP
4BSDPEPOJNCSJDBUVT
BMJNFOUP
1MFVSPUVTPTUSFBUPSPTFVT
DPNFTUJCMF
4BSDPTDZQIBDPDDJOFB
BMJNFOUP
1MFVSPUVTPTUSFBUVT
BMJNFOUP

NFEJDJOBM
4BSDPTQIBFSBFYJNJB
BMJNFOUP
DPNFTUJCMF
4DIJ[PQIZMMVNGBTDJBUVN
DPNFTUJCMF
4QBSBTTJTDSJTQB
BMJNFOUP
DPNFTUJCMF
BMJNFOUP
4USPQIBSJBDPSPOJMMB
BMJNFOUP
4VJMMVTBDJEVT
DPNFTUJCMF
-FQJTUBJSJOB
DPNFTUJCMF
-FQJTUBOVEB
-FQJTUBQFSTPOBUB
1MFVSPUVTTNJUIJJ
DPNFTUJCMF
1MVUFVTBVSBOUJPSVHPTVT
BMJNFOUP
1MVUFVTDFSWJOVT
BMJNFOUP
1PHPOPNZDFTIZEOPJEFT
BMJNFOUP
1TBUIZSFMMBTQBEJDFB
DPNFTUJCMF

4VJMMVTBNFSJDBOVT
BMJNFOUP
4VJMMVTCSFWJQFT
BMJNFOUP
.JDSPQTBMMJPUB
CSVOOFPTQFSNB
BMJNFOUP
4VJMMVTDBWJQFT
BMJNFOUP
1IMFCPQVTDPMPTTVT
BMJNFOUP
4VJMMVTHSBOVMBUVT
BMJNFOUP
BMJNFOUP
4VJMMVTIJSUFMMVT
BMJNFOUP
BMJNFOUP
5FSNJUPNZDFT
4VJMMVTMVUFVT
BMJNFOUP
BMJNFOUP
4VJMMVTQTFVEPCSFWJQFT
BMJNFOUP
BMJNFOUP
4VJMMVTUPNFOUPTVT
BMJNFOUP
BMJNFOUP
5FQISPDZCFBUSBUB
DPNFTUJCMF
BMJNFOUP
5IFMFQIPSBQBSBHVBZFOTJT
NFEJDJOBM
BMJNFOUP
5SBNFUFTWFSTJDPMPS
NFEJDJOBM
.:"/."3
1FHMFSZ7BOIBFDLF
5SFNFMMBDPODSFTDFOT
DPNFTUJCMF
5SFNFMMPEFOESPO
TDIXFJOJU[JJ
DPNFTUJCMF
BMJNFOUP
/".*#*"
3BNNFMPPZ8BMMFZO 5BZMPSFUBM
8BMMFZOZ3BNNFMPP
BMJNFOUP
#BUUBSSFBTUFWFOJJ
5SJDIPMPNBTFKVODUVN
BMJNFOUP
NFEJDJOBMDPTNUJDB

5SJDIPMPNBVTUBMPJEFT
DPNFTUJCMF
5FSGF[JBQGFJMJJ
BMJNFOUP
5SJDIPMPNBWBDDJOVN
DPNFTUJCMF
DPNFTUJCMF
5FSNJUPNZDFTVNLPXBBOJJ
DPNFTUJCMF
DPNFTUJCMF
5ZMPQJMVTGFMMFVT
BMJNFOUP
6TUJMBHPNBZEJT
BMJNFOUP
7BTDFMMVNDVSUJTJJ
DPNFTUJCMF
/&1""EIJLBSJ "EIJLBSJZ%VSSJFV

3JDIBSETPO ;BOHZ%PJ
7BTDFMMVNJOUFSNFEJVN
BMJNFOUP
"HBSJDVTCJUPSRVJT
BMJNFOUP
7BTDFMMVNQSBUFOTF
DPNFTUJCMF

NFEJDJOBM
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
BMJNFOUP
7BTDFMMVNRVEFOJJ
BMJNFOUP NFEJDJOBM

"HBSJDVTTVCSVGFTDFOT
BMJNFOUP
DPNFTUJCMF
"NBOJUBDBFTBSFB
BMJNFOUP
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
"NBOJUBDIFQBOHJBOB
DPNFTUJCMF
9BOUIPDPOJVNTFQBSBOT
DPNFTUJCMF
"NBOJUBIFNJCBQIB
DPNFTUJCMF
9FSPDPNVTCBEJVT
DPNFTUJCMF
"NBOJUBWBHJOBUB
DPNFTUJCMF
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
9FSPDPNVTTQBEJDFVT
DPNFTUJCMF
"TUSBFVTTQ
DPNFTUJCMF
NFEJDJOBM
DPNFTUJCMF
.0;".#*26&
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
6BDJRVFUF %BJZ.PUUB 8JMTPO

$BNNBDLZ4IVNCB
DPNFTUJCMF
DPNFTUJCMF
#PMFUVTFEVMJT
DPNFTUJCMF
#PMFUVTMVSJEVT
DPNFTUJCMF
#PMFUVTWJUFMMJOVT
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
$BOUIBSFMMVTTVCDJCBSJVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$MBWVMJOBDJOFSFB
BMJNFOUP
$MBWVMJOBDSJTUBUB
BMJNFOUP
$MBWVMJOPQTJTGVTJGPSNJT
DPNFTUJCMF
$PMMZCJBCVUZSBDFB
DPNFTUJCMF
"GSPCPMFUVTMVUFPMVT
BMJNFOUP
"NBOJUBIFNJCBQIB
BMJNFOUP
"SNJMMBSJBNFMMFB
BMJNFOUP
BMJNFOUP
#PMFUVTFEVMJT
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
$PQSJOVTNJDBDFVT
BMJNFOUP
BMJNFOUP
BMJNFOUP

$PQSJOVTDPNBUVT
DPNFTUJCMF
1PMZQPSVTCSVNBMJT
NFEJDJOBM
$PSEZDFQTTJOFOTJT
NFEJDJOBM
DPNFTUJCMF
DPNFTUJCMF
3BNBSJBBVSFB
BMJNFOUP
$SFQJEPUVTNPMMJT
<DPNFTUJCMF>
3BNBSJBCPUSZUJT
BMJNFOUP
&WFSOJBQSVOBTUSJ
PUSPToQFSGVNF
3BNBSJBGMBWB
BMJNFOUP
'JCSPQPSJBWBJMMBOUJJ
NFEJDJOBM
3BNBSJBGPSNPTB
DPNFTUJCMF
'JTUVMJOBIFQBUJDB
NFEJDJOBM
3BNBSJBGVTDPCSVOOFB
BMJNFOUP
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
3BNBSJBPCUVTJTTJNB
BMJNFOUP
(BOPEFSNBBQQMBOBUVN
NFEJDJOBM
3IJ[PQPHPOMVUFPMVT
DPNFTUJCMF
(BOPEFSNBMVDJEVN
<NFEJDJOBM>
3VTTVMBDIMPSPJEFT
BMJNFOUP
(FBTUSVNTQ
DPNFTUJCMF
3VTTVMBEFMJDB
DPNFTUJCMF
(SJGPMBGSPOEPTB
BMJNFOUP
3VTTVMBOJHSJDBOT
DPNFTUJCMF
)FSJDJVNDMBUISPJEFT
DPNFTUJCMF
3VTTVMBWJSFTDFOT
BMJNFOUP
)FSJDJVNDPSBMMPJEFT
BMJNFOUP
4DMFSPEFSNBDJUSJOVN
DPNFTUJCMF
)FSJDJVNFSJOBDFVT
BMJNFOUP
4DMFSPEFSNBUFYFOTF
DPNFTUJCMF
)FSJDJVNGMBHFMMVN
BMJNFOUP
4FDPUJVNIJNBMBJDVN
DPNFTUJCMF
)FSJDJVNMBDJOJBUVN
DPNFTUJCMF
BMJNFOUP
)ZEOVNSBODFPGPFUJEVN
<DPNFTUJCMF>
5SBNFUFTIJSTVUB
NFEJDJOBM
)ZEOVNSFQBOEVN
BMJNFOUP
5SFNFMMBNFTFOUFSJDB
DPNFTUJCMF
*OPOPUVTIJTQJEVT
NFEJDJOBM
7PMWBSJFMMBWPMWBDFB
BMJNFOUP
-BDDBSJBBNFUIZTUJOB
BMJNFOUP
9FSVMBSBEJDBUB
BMJNFOUP
-BDDBSJBMBDDBUB
BMJNFOUP
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
-BDUBSJVTQJQFSBUVT
DPNFTUJCMF
/*(&3*"
"MPGF 0EFZFNJZ0LF 0TP
3BNNFMPP
-BDUBSJVTWPMFNVT
DPNFTUJCMF
"HSPDZCFCSPBEXBZJ
BMJNFOUP
BMJNFOUP
"SNJMMBSJBNFMMFB
DPNFTUJCMF
-FOUJOVMBFEPEFT
BMJNFOUP
BMJNFOUP
-ZDPQFSEPOTQ
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
BMJNFOUP NFEJDJOBM

DPNFTUJCMF
.BSBTNJVTPSFBEFT
DPNFTUJCMF
$PQSJOVTBGSJDBOVT
BMJNFOUP
.FSJQJMVTHJHBOUFVT
BMJNFOUP
-FOUJOVTTVCOVEVT
DPNFTUJCMF
.PSDIFMMBDPOJDB
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
.PSDIFMMBEFMJDJPTB
DPNFTUJCMF
.PSDIFMMBFMBUB
<DPNFTUJCMF>
BMJNFOUP

NFEJDJOBM DPTNUJDB

-FOUJOVTWFMVUJOVT
NFEJDJOBM
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
.BDSPDZCFMPCBZFOTJT
BMJNFOUP
.PSDIFMMBTNJUIJBOB
<DPNFTUJCMF>
1BOVTGMBWVT
NFEJDJOBM
WVMHBSJT
DPNFTUJCMF
1IBMMVTBVSBOUJBDVT
1IPMJPUBOBNFLP
DPNFTUJCMF
<WFOFOPTP>
NFEJDJOBM
1MFVSPUVTTRVBSSPTVMVT
BMJNFOUP
1MFVSPUVTDJSDJOBUVT
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
BMJNFOUP
1MFVSPUVTESZJOVT
BMJNFOUP
BMJNFOUP
1MFVSPUVTOFQBMFOTJT
DPNFTUJCMF
5FSNJUPNZDFTHMPCVMVT
1MFVSPUVTPTUSFBUVT
BMJNFOUP
BMJNFOUP

WFOFOPBOJNBM
1PTUSFBUVTWBSNBHOJGJDVT
DPNFTUJCMF
5FSNJUPNZDFTNBNNJGPSNJT
BMJNFOUP
DPNFTUJCMF
BMJNFOUP

NFEJDJOBM
1MVUFVTDFSWJOVT
BMJNFOUP
BMJNFOUP
1PMZQPSVTBSDVMBSJVT
BMJNFOUP
DPNFTUJCMF
1PMZQPSVTCBEJVT
DPNFTUJCMF
BMJNFOUP
7PMWBSJFMMBWPMWBDFB
BMJNFOUP
1",*45/
#BUSB (BSEF[J '"0 C
1FHMFSZ7BOIBFDLF 4ZFE3JB[Z
.BINPPE,IBO
"HBSJDVTBVHVTUVT
DPNFTUJCMF

1IPMJPUBBVTUSPTQVNPTB
DPNFTUJCMF
1IZMMPQPSVTCFMMVT
OPFTDPNJEP
1MFVSPUVTEKBNPS
DPNFTUJCMF
1PMZQPSVTBSDVMBSJVT
DPNFTUJCMF
1PMZQPSVTCMBODIFUJBOVT
DPNFTUJCMF
1PMZQPSVTUFOVJDVMVT
DPNFTUJCMF
1ZDOPQPSVTDPDDJOFVT
PUSPToNBUFSJB
QSJNB
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"HBSJDVTQMBDPNZDFT
DPNFTUJCMF
"HBSJDVTSPENBOJ
DPNFTUJCMF
DPNFTUJCMF
"HBSJDVTTJMWBUJDVT
DPNFTUJCMF
3BNBSJBGJTUVMPTB
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
3VTTVMBBNBFOEVN
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
3VTTVMBFCVSOFPBSFPMBUB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBQTFVEPBNBFOEVN
DPNFTUJCMF
DPNFTUJCMF
4USPCJMPNZDFTWFMVUJQFT
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
DPNFTUJCMF
5SBNFUFTWFSTJDPMPS
OPFTDPNJEP
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
5SPHJBTQ
DPNFTUJCMF
DPNFTUJCMF
.PSDIFMMBDPOJDB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
DPNFTUJCMF
1&3
%JF[ DPNVOJDBDJOQFSTPOBM$PMMFDUJOH
#PMFUVTFEVMJTGPSDPNNFSDJBMQVSQPTFTJO1FSV
3FNPUUJZ$PMBO
1PEBYJTQJTUJMMBSJT
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP
5FSNJUPNZDFTIFJNJJ
DPNFTUJCMF
'BWPMVTBMWFPMBSJVT
DPNFTUJCMF
DPNFTUJCMF
'BWPMVTCSBTJMJFOTJT
DPNFTUJCMF
DPNFTUJCMF
-FOUJOVTDPODIBUVT
DPNFTUJCMF
DPNFTUJCMF
1MFVSPUVTDPODBWVT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
DPNFTUJCMF
1MFVSPUVTSPTFPQJMFBUVT
DPNFTUJCMF
1MVUFVTDFSWJOVT
DPNFTUJCMF
1PMZQPSVTBSDVMBSJVT
DPNFTUJCMF
1PMZQPSVTTBOHVJOFVT
DPNFTUJCMF
4DIJ[PQIZMMVN
CSFWJMBNFMMBUVN
DPNFTUJCMF
DPNFTUJCMF
7PMWBSJFMMBCBLFSJ
DPNFTUJCMF
1"16"/6&7"(6*/&"
4JMMJUPF
"SNJMMBSJBTQ
OPFTDPNJEP
OPFTDPNJEP
#PMFUVTFSZUISPQVTWBS
OPWPHVJOFFOTJT
DPNFTUJCMF
#PMFUVTOJHSPWJPMBDFVT
DPNFTUJCMF
#POEBS[FXJBNPOUBOB
DPNFTUJCMF
$BOUIBSFMMVT
DPNFTUJCMF
$PMMZCJBTQ
OPFTDPNJEP
$PSUJOBSJVTTQ
DPNFTUJCMF
10-0/*"
XXXHS[ZCZQM
(SJGPMBGSPOEPTB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
BMJNFOUP
(ZNOPQJMVTOPWPHVJOFFOTJT
OPFTDPNJEP
BMJNFOUP
*OPDZCFTQ
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP
-BDDBSJBBNFUIZTUFB
DPNFTUJCMF
BMJNFOUP
-BDUBSJVT
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
-FOUJOVMBMBUFSJUJB
DPNFTUJCMF
-FDDJOVNHSJTFVN
BMJNFOUP
-FOUJOVTBSBVDBSJBF
DPNFTUJCMF
-FDDJOVNTDBCSVN
BMJNFOUP
-FOUJOVTVNCSJOVT
OPFTDPNJEP
.BDSPMFQJPUBQSPDFSB
BMJNFOUP
.JDSPQPSVTBGGJOJT
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
BMJNFOUP
.JDSPQPSVTYBOUIPQVT
OPFTDPNJEP
3P[JUFTDBQFSBUVT
BMJNFOUP
DPNFTUJCMF
3VTTVMBDZBOPYBOUIB
BMJNFOUP
1IBFPNBSBTNJVTBGGJOJT
DPNFTUJCMF
5SJDIPMPNBFRVFTUSF
BMJNFOUP
1IFMMJOVTTFOFY
OPFTDPNJEP
9FSPDPNVTCBEJVT
BMJNFOUP

BMJNFOUP
DPNFTUJCMF
3&1#-*$"$&/530"'3*$"/"
3BNNFMPP
$BOUIBSFMMVTJODBSOBUVT
DPNFTUJCMF
$BOUIBSFMMVTMVUFPQVODUBUVT
DPNFTUJCMF
"HBSJDVTTVCFEVMJT
DPNFTUJCMF
$BOUIBSFMMVTNJOJBUFTDFOT
DPNFTUJCMF
$PMMZCJBBUUFOVBUB
DPNFTUJCMF
DPNFTUJCMF
(BOPEFSNBDVSUJTJJ
NFEJDJOBM
$BOUIBSFMMVTQTFVEPGSJFTJJ
DPNFTUJCMF
-FOUJOVTBSBVDBSJBF
DPNFTUJCMF
$BOUIBSFMMVTSVCFS
DPNFTUJCMF
-FOUJOVTCSVOOFPGMPDDPTVT
DPNFTUJCMF
$BOUIBSFMMVTSVGPQVODUBUVT
DPNFTUJCMF
-JHOPTVTTBDFS
NFEJDJOBM
DPNFTUJCMF
.BDSPMFQJPUBBGSJDBOB
DPNFTUJCMF
$MBWBSJBBMCJSBNFB
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
DPNFTUJCMF
$PMMZCJBQJQFSBUB
DPNFTUJCMF
1PMZQPSVTSIJ[PNPSQIVT
PUSPToDPSEFMFT
$PPLFJOBTVMDJQFT
DPNFTUJCMF
DPNFTUJCMF
$PSEJUVCFSBCPWPOFJ
DPNFTUJCMF
DPNFTUJCMF
$PUZMJEJBBVSBOUJBDB
DPNFTUJCMF
DPNFTUJCMF
$SBUFSFMMVTBVSFVT
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
$DPSOVDPQJPJEFTWBS
DPSOVDPQJPJEFT
DPNFTUJCMF
9ZMBSJBQBQZSJGFSB
NFEJDJOBM
$DPSOVDPQJPJEFTWBS
QBSWJTQPSVT
DPNFTUJCMF
$ZNBUPEFSNBFMFHBOT
TVCTQJOGVOEJCVMJGPSNF
DPNFTUJCMF
(PPTTFOTJBDJCBSJPJEFT
DPNFTUJCMF
(ZNOPQJMVTTQ
DPNFTUJCMF
)ZQIPMPNBXBNCFOTJT
DPNFTUJCMF
-BDUBSJVTBOHVTUVT
DPNFTUJCMF
-BDUBSJVTDPOHPMFOTJT
DPNFTUJCMF
-BDUBSJVTFEVMJT
DPNFTUJCMF
-BDUBSJVTJOWFSTVT
DPNFTUJCMF
-BDUBSJVTLBCBOTVT
DPNFTUJCMF
-BDUBSJVTMBUJGPMJVT
DPNFTUJCMF
DPNFTUJCMF
3&1#-*$"%&-$0/(0
3BNNFMPPZ8BMMFZO
"SNJMMBSJBEJTUBOT
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBBOPNCF
DPNFTUJCMF
$PMMZCJBPSPOHB
DPNFTUJCMF
-FVDPDPQSJOVTHBOEPVS
DPNFTUJCMF
1IMFCPQVTTVEBOJDVT
DPNFTUJCMF
3&1#-*$"%&.0$35*$"%&-$0/(0
%FHSFFGFUBM 1FHMFS:7BOIBFDLF
3BNNFMPP:8BMMFZO 8BMMFZO:
3BNNFMPP
"HBSJDVTFSZUISPUSJDIVT
DPNFTUJCMF
"HBSJDVTHPPTTFOTJBF
DPNFTUJCMF
-BDUBSJVTQFMMJDVMBUVTG
QBMMJEVT
"HBSJDVTOJWFTDFOT
DPNFTUJCMF
-BDUBSJVTQTFVEPWPMFNVT
DPNFTUJCMF
"HBSJDVTWPMWBUVMVT
DPNFTUJCMF
-BDUBSJVTTFTFNPUBOJ
DPNFTUJCMF
"NBOJUBBVSFB
DPNFTUJCMF
-FOUJOVTDJUSJOVT
DPNFTUJCMF
"NBOJUBHPPTFOTJBF
DPNFTUJCMF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
"NBOJUBMPPTJJ
DPNFTUJCMF
DPNFTUJCMF
"NBOJUBSPCVTUB
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
DPNFTUJCMF
"NBOJUB[BNCJBOB
DPNFTUJCMF
-FOUJOVTWFMVUJOVT
DPNFTUJCMF
"NBOJUPQTJTQVEJDB
DPNFTUJCMF
-FO[JUFTFMFHBOT
DPNFTUJCMF
NFEJDJOBM
<WFOFOPTP>
-FQJPUBIFOOJOHTJJ
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
-FVDPBHBSJDVTCJTQPSVT
DPNFTUJCMF
DPNFTUJCMF
-FVDPDPQSJOVTEJTDPJEFVT
DPNFTUJCMF
"VSJDVMBSJBUFOVJT
DPNFTUJCMF
DPNFTUJCMF
#POEBS[FXJBCFSLFMFZJ
DPNFTUJCMF
DPNFTUJCMF
$BNBSPQIZMMVTTVCQSBUFOTJT
DPNFTUJCMF
.HSBDJMFOUBWBS
HPPTTFOTJBF
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
$DJCBSJVTWBSEFGJCVMBUVT
DPNFTUJCMF
.BDSPMFQJPUBQSPNJOFOT
DPNFTUJCMF
.BDSPMFQJPUB[FZIFSJ
DPNFTUJCMF
.BSBTNJVTBSCPSFTDFOT
DPNFTUJCMF
.BSBTNJVTCV[VOHPMP
DPNFTUJCMF
$DJCBSJVTWBSMBUJGPMJVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF

.BSBTNJVTDSJOJTFRVJ
PUSPToKPZFSB
"SNJMMBSJBTQ
<DPNFTUJCMF>
.BSBTNJVTHSBOEJTFUVMPTVT
DPNFTUJCMF
$BOUIBSFMMVTMVUFPDPNVT
<DPNFTUJCMF>
.BSBTNJVTQJQFSPEPSB
DPNFTUJCMF
$PMMZCJBBDFSWBUB
<DPNFTUJCMF>
DPNFTUJCMF
<DPNFTUJCMF>
DPNFTUJCMF
(BOPEFSNBMVDJEVN
<NFEJDJOBM>
1F[J[BWFTJDVMPTB
DPNFTUJCMF
<DPNFTUJCMF>
1IBMMVTJOEVTJBUVT
NFEJDJOBM
)ZHSPDZCFDPOJDB
<DPNFTUJCMF>
1IMFCPQVTDPMPTTVT
<DPNFTUJCMF>
)ZHSPDZCFQVOJDFB
<DPNFTUJCMF>
1MFVSPUVTEKBNPS
DPNFTUJCMF
-BDDBSJBBNFUIZTUFB
<DPNFTUJCMF>
1MVUFVTDFSWJOVTWBS
FBMBFOTJT
DPNFTUJCMF
-BDDBSJBMBDDBUB
<DPNFTUJCMF>
1TBUIZSFMMBTQBEJDFB
DPNFTUJCMF
-BDUBSJVTWPMFNVT
<DPNFTUJCMF>
1TFVEPDSBUFSFMMVTMBFUJDPMPS
DPNFTUJCMF
<DPNFTUJCMF>
NFEJDJOBM
-FOUJOVTTUSJHPTVT
BMJNFOUP
3BNBSJBPDISBDFB
DPNFTUJCMF
-ZPQIZMMVNTQ
<DPNFTUJCMF>
3VTTVMBBUSPWJSFOT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
<DPNFTUJCMF>
3VTTVMBDFMMVMBUB
DPNFTUJCMF
0VEFNBOTJFMMBTQ
<DPNFTUJCMF>
3VTTVMBDZDMPTQFSNB
DPNFTUJCMF
1ZDOPQPSVTDPDDJOFVT
<PUSPT>
3VTTVMBEJGGVTBWBSEJGGVTB
DPNFTUJCMF
3BNBSJB
NFEJDJOBM
3VTTVMBIJFNJTJMWBF
DPNFTUJCMF
3VTTVMB
BMJNFOUP
3VTTVMBQTFVEPTUSJBUPWJSJEJT
DPNFTUJCMF
3VTTVMBEFOTJGPMJB
<DPNFTUJCMF>
3VTTVMBSPTFPBMCB
DPNFTUJCMF
3VTTVMBWJSFTDFOT
<DPNFTUJCMF>
3VTTVMBSPTFPTUSJBUB
DPNFTUJCMF
BMJNFOUP
3VTTVMBTFTF
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
<DPNFTUJCMF>
3VTTVMBTFTFOBHVMB
DPNFTUJCMF
5FSNJUPNZDFT
BMJNFOUP
3VTTVMBTUSJBUPWJSJEJT
DPNFTUJCMF
5SBNFUFTWFSTJDPMPS
<NFEJDJOBM>
DPNFTUJCMF
4DMFSPEFSNBCPWPOFJ
DPNFTUJCMF
3&1#-*$"1016-"3%&.0$35*$"%&$03&"
8BOH )BMMZ&WBOT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
3&1#-*$"6/*%"%&5"/;"/"
)SLOFO 4BBSJNLJZ.XBTVNCJ B
)SLOFO 4BBSJNLJZ.XBTVNCJ C
3BNNFMPP
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
"NBOJUBUBO[BOJDB
DPNFTUJCMF
DPNFTUJCMF
"NBOJUB[BNCJBOB
DPNFTUJCMF
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
5TUSJBUVTWBSBVSBOUJBDVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$BOUIBSFMMVTJTBCFMMJOVT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
7PMWBSJFMMBQBSWJTQPSB
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$PQSJOVTDJOFSFVT
DPNFTUJCMF
3&1#-*$"%&.0$35*$"1016-"3-"0
)PTBLB DPNVOJDBDJOQFSTPOBMIUUQHJFD
IHSPVQIQJOGPTFFLDPKQLJOPLPFOHIUNM
&OUPMPNBBSHZSPQVT
DPNFTUJCMF
)ZQIPMPNBTVCWJSJEF
OPDPNJEP
"NBOJUBIFNJCBQIB
BMJNFOUP
DPNFTUJCMF
"NBOJUBWBHJOBUB
<DPNFTUJCMF>
DPNFTUJCMF
"NBOJUBWJSHJOFPJEFT
<DPNFTUJCMF>
-BDUBSJVTLBCBOTVT
BMJNFOUP
5SJDIPMPNBNBUTVUBLF
DPNFTUJCMF
DPNFTUJCMF

-BDUBSJVTQFMMJDVMBUVT
DPNFTUJCMF
-BDUBSJVTQIMFCPQIZMMVT
BMJNFOUP
DPNFTUJCMF
4*&33"-&0/"
1FHMFSZ7BOIBFDLF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
DPNFTUJCMF

NFEJDJOBM
-FO[JUFTFMFHBOT
DPNFTUJCMF
DPNFTUJCMF
-FVDPBHBSJDVT
SIPEPDFQIBMVT
DPNFTUJCMF
40."-*"
3BNNFMPPZ8BMMFZO
-JHOPTVTTBDFS
NFEJDJOBM
"HBSJDVTBNCPFOTJT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
DPNFTUJCMF
1IFMMJOVTTQ
NFEJDJOBM
1MFVSPUVTEKBNPS
DPNFTUJCMF
43*-"/,"
1FHMFSZ7BOIBFDLF
DPNFTUJCMF
3VTTVMBDFMMVMBUB
BMJNFOUP
3VTTVMBDJMJBUB
DPNFTUJCMF
3VTTVMBDPNQSFTTB
DPNFTUJCMF
46%'3*$"
1FHMFSZ7BOIBFDLF 8BMMFZOZ
3BNNFMPP
3VTTVMBDPOHPBOB
DPNFTUJCMF
"NBOJUBFYDFMTB
<DPNFTUJCMF>
3VTTVMBIFJNJJ
DPNFTUJCMF
"NBOJUBGPFUJEJTTJNB
<DPNFTUJCMF>
3VTTVMBIJFNJTJMWBF
DPNFTUJCMF
"NBOJUBNVTDBSJB
3VTTVMBMJCFSJFOTJT
DPNFTUJCMF
BMVDJOHFOP
WFOFOPTP
3VTTVMBQIBFPDFQIBMB
DPNFTUJCMF
"NBOJUBSVCFTDFOT
<DPNFTUJCMF>
3VTTVMBTVCMBFWJT
DPNFTUJCMF
)FMWFMMBMBDVOPTB
<DPNFTUJCMF>
3VTTVMBUBO[BOJBF
DPNFTUJCMF
)FSJDJVNDPSBMMPJEFT
<DPNFTUJCMF>
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
-FQJTUBDBGGSPSVN
<DPNFTUJCMF>
DPNFTUJCMF
<DPNFTUJCMF>
DPNFTUJCMF
NFEJDJOBM
1TJMPDZCFTFNJMBODFBUB
BMVDJOHFOP
4VJMMVTHSBOVMBUVT
<DPNFTUJCMF>
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
5FSNJUPNZDFTTJOHJEFOTJT
BMJNFOUP
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
<DPNFTUJCMF>
DPNFTUJCMF
4*/("163
#VSLIJMM
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
5"*-"/%*"
+POFT 8IBMMFZZ)ZXFM+POFT 1FHMFSZ
7BOIBFDLF 4UBNFUT
"VSJDVMBSJBTQ
BMJNFOUP
BMJNFOUP
$BOUIBSFMMVTNJOPS
BMJNFOUP
-FOUJOVMBFEPEFT
BMJNFOUP
-FOUJOVTQSBFSJHJEVT
BMJNFOUP
BMJNFOUP
<DPNFTUJCMF>
3VTTVMBBFSVHJOFB
BMJNFOUP
"NBOJUBDSBTTJDPOVT
<DPNFTUJCMF>
3VTTVMBEFMJDB
BMJNFOUP
"NBOJUBIFNJCBQIB
<DPNFTUJCMF>
3VTTVMBEFOTJGPMJB
BMJNFOUP
"NBOJUBSVCFTDFOT
<DPNFTUJCMF>
3VTTVMBGPFUFOT
BMJNFOUP
<DPNFTUJCMF>
3VTTVMBIFUFSPQIZMMB
BMJNFOUP
<DPNFTUJCMF>
3VTTVMBMFQJEB
BMJNFOUP
(ZSPEPOJOUFSNFEJVT
BMJNFOUP
3VTTVMBOJHSJDBOT
BMJNFOUP
<DPNFTUJCMF>
3VTTVMBTBOHVJOFB
BMJNFOUP
1IMFCPQVTTVEBOJDVT
BMJNFOUP
3VTTVMBWJPMFJQFT
BMJNFOUP
1PMZQPSVT
NFEJDJOBM
3VTTVMBWJSFTDFOT
BMJNFOUP
3VTTVMBGPFUFOT
<DPNFTUJCMF>
BMJNFOUP
3VTTVMBQFDUJOBUB
<DPNFTUJCMF>
BMJNFOUP
3&6/*/
3BNNFMPPZ8BMMFZO
7PMWBSJFMMBWPMWBDFB
DPNFTUJCMF
4&/&("%VDPVTTP #BZ5IPFO 5IPFOZ#B

7PMWBSJFMMBWPMWBDFB
BMJNFOUP
BMJNFOUP
5/&;
"MTIFJLI:5SBQQF
5JSNBOJBOJWFB
DPNFTUJCMF
56326"
"GZPO $BHMBSJSNBL 6OBMZ0UMFT
%FNJSCBT 4BCSBZ8BMUFS IUUQ
XXXPHNHPWUS:JMNB[ 0EFSF*TJMPHMV

4VJMMVTHSFWJMMFJ
DPNFTUJCMF
4VJMMVTMVUFVT
DPNFTUJCMF
5FSGF[JBCPVEJFSJ
BMJNFOUP
5SJDIPMPNBQPQVMJOVN
BMJNFOUP
5SJDIPMPNBUFSSFVN
DPNFTUJCMF
5VCFSBFTUJWVN
DPNFTUJCMF
5VCFSCPSDIJJ
DPNFTUJCMF
9FSPDPNVTCBEJVT
DPNFTUJCMF
"HBSJDVTCJTQPSVT
BMJNFOUP
"HBSJDVTCJUPSRVJT
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
BMJNFOUP
"HBSJDVTTJMWJDPMB
DPNFTUJCMF
"NBOJUBDBFTBSFB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP
BMJNFOUP
$ISPPHPNQIVTSVUJMVT
DPNFTUJCMF
$PQSJOVTDPNBUVT
BMJNFOUP
$PSUJOBSJVTWBSJFDPMPS
DPNFTUJCMF
DPNFTUJCMF
'JTUVMJOBIFQBUJDB
DPNFTUJCMF
)FMWFMMBMBDVOPTB
BMJNFOUP
6$3"/*"
;FSPWBZ3P[IFOLP
)FSJDJVNDPSBMMPJEFT
BMJNFOUP
"HBSJDVTBSWFOTJT
)ZEOVNSFQBOEVN
DPNFTUJCMF
"HBSJDVTCJTQPSVT
<DPNFTUJCMF>
DPNFTUJCMF
"HBSJDVTCJUPSRVJT
<DPNFTUJCMF>
-BDDBSJBMBDDBUB
DPNFTUJCMF
"HBSJDVTDBNQFTUSJT
<DPNFTUJCMF>
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
"HBSJDVTNBDSPTQPSVT
<DPNFTUJCMF>
-BDUBSJVTQJQFSBUVT
BMJNFOUP
"HBSJDVTQMBDPNZDFT
<DPNFTUJCMF>
BMJNFOUP
"HBSJDVTTJMWBUJDVT
<DPNFTUJCMF>
-BDUBSJVTWPMFNVT
DPNFTUJCMF
"NBOJUBDBFTBSFB
<DPNFTUJCMF>
DPNFTUJCMF
"NBOJUBFYDFMTB
<DPNFTUJCMF>
-ZDPQFSEPOQFSMBUVN
BMJNFOUP
"NBOJUBQPSQIZSJB
<DPNFTUJCMF>
.BDSPMFQJPUBQSPDFSB
DPNFTUJCMF
"NBOJUBSVCFTDFOT
<DPNFTUJCMF>
.PSDIFMMBDPOJDB
BMJNFOUP
"NBOJUBWBHJOBUB
<DPNFTUJCMF>
.PSDIFMMBDSBTTJQFT
DPNFTUJCMF
"NBOJUBYBOUIPEFSNVT
<DPNFTUJCMF>
.PSDIFMMBEFMJDJPTB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
<DPNFTUJCMF>
.PSDIFMMBFMBUB
DPNFTUJCMF
"TUSPTQPSJOBBTUFSPTQPSB
<DPNFTUJCMF>
.PSDIFMMBFTDVMFOUB
BMJNFOUP
<DPNFTUJCMF>
.FTDVMFOUBWBSSPUVOEB
DPNFTUJCMF
#PMFUVTBVSBOUJBDVT
<DPNFTUJCMF>
DPNFTUJCMF
#PMFUVTDBMPQVT
<DPNFTUJCMF>
1MFVSPUVTFSZOHJJ
BMJNFOUP
#PMFUVTFEVMJT
<DPNFTUJCMF>
1MFVSPUVTPTUSFBUVT
BMJNFOUP
#PMFUVTFMFHBOT
<DPNFTUJCMF>
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
#PMFUVTFSZUISPQVT
<DPNFTUJCMF>
3IJ[PQPHPOMVUFPMVT
DPNFTUJCMF
#PMFUVTJNQPMJUVT
<DPNFTUJCMF>
3IJ[PQPHPOSPTFPMVT
BMJNFOUP
#PMFUVTMVSJEVT
<DPNFTUJCMF>
3IJ[PQPHPOSVCFTDFOT
DPNFTUJCMF
#PMFUVTSFHJVT
<DPNFTUJCMF>
3VTTVMBEFMJDB
BMJNFOUP
#PMFUVTSVCFMMVT
<DPNFTUJCMF>
4QBSBTTJTDSJTQB
DPNFTUJCMF
#PMFUVTTDBCFS
<DPNFTUJCMF>
4VJMMVTCPWJOVT
DPNFTUJCMF
6("/%"
,BUFOEF 4FHBXBZ#JSOJF 1FHMFSZ
7BOIBFDLF 3BNNFMPPZ8BMMFZO
"HBSJDVTCJOHFOTJT
DPNFTUJCMF
"SNJMMBSJBNFMMFB
DPNFTUJCMF
-FOUJOVTQSPMJGFS
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
5SJDIPMPNBTQ
DPNFTUJCMF
<DPNFTUJCMF>

#PMFUVTTVCUPNFOUPTVT
<DPNFTUJCMF>
#PMFUVTWBSJFHBUVT
<DPNFTUJCMF>
$BMWBUJBVUSJGPSNJT
<DPNFTUJCMF>
<DPNFTUJCMF>
<DPNFTUJCMF>
$MJUPDZCFBVSBOUJBDB
<DPNFTUJCMF>
$MJUPDZCFDMBWJQFT
<DPNFTUJCMF>
$MJUPDZCFOFCVMBSJT
<DPNFTUJCMF>
$MJUPDZCFPMFBSJB
<DPNFTUJCMF>
$MJUPDZCFSJWVMPTB
<DPNFTUJCMF>
$MJUPQJMVTQSVOVMVT
<DPNFTUJCMF>
$PMMZCJBCVUZSBDFB
<DPNFTUJCMF>
$PQSJOVTDPNBUVT
<DPNFTUJCMF>
$PQSJOVTNJDBDFVT
<DPNFTUJCMF>
$PSUJOBSJVTDSBTTVT
<DPNFTUJCMF>
$PSUJOBSJVTNVDPTVT
<DPNFTUJCMF>
$PSUJOBSJVTNVMUJGPSNJT
<DPNFTUJCMF>
$PSUJOBSJVTWBSJVT
<DPNFTUJCMF>
&OUPMPNBDMZQFBUVN
<DPNFTUJCMF>
&OUPMPNBSIPEPQPMJVN
<DPNFTUJCMF>
'MBNNVMJOBWFMVUJQFT
<DPNFTUJCMF>
<DPNFTUJCMF>
(ZSPEPOMJWJEVT
<DPNFTUJCMF>
636(6":
%FTDIBNQT
(ZSPNJUSBFTDVMFOUB
<DPNFTUJCMF>
(ZNOPQJMVTTQFDUBCJMJT
BMJNFOUP
(ZSPQPSVTDBTUBOFVT
<DPNFTUJCMF>
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
(ZSPQPSVTDZBOFTDFOT
<DPNFTUJCMF>
BMJNFOUP
)ZEOVNSFQBOEVN
<DPNFTUJCMF>
3IJ[PQPHPOMVUFPMVT
BMJNFOUP
)ZHSPQIPSVTIZQPUIFKVT
<DPNFTUJCMF>
3IJ[PQPHPOSPTFPMVT
BMJNFOUP
)ZQIPMPNBDBQOPJEFT
<DPNFTUJCMF>
4VJMMVTHSBOVMBUVT
BMJNFOUP
)ZQIPMPNBFQJYBOUIVN
<DPNFTUJCMF>
5SJDIPMPNBTVMQIVSFVT
BMJNFOUP
<DPNFTUJCMF>
-BDDBSJBMBDDBUB
<DPNFTUJCMF>
7*&5/".
#VSLIJMM
-BDUBSJVTBDSJT
<DPNFTUJCMF>
"NBOJUJOBNBOHJOJBOB
<DPNFTUJCMF>
-BDUBSJVTEFMJDJPTVT
<DPNFTUJCMF>
:6(04-"7*" IPZ4FSCJBZ.POUFOFHSP
3JDIBSETPO ;BLMJOB
-BDUBSJVTHMZDJPTNVT
<DPNFTUJCMF>
-BDUBSJVTIFMWVT
<DPNFTUJCMF>
-BDUBSJVTJOTVMTVT
<DPNFTUJCMF>
-BDUBSJVTMJHOZPUVT
<DPNFTUJCMF>
-BDUBSJVTOFDBUPS
<DPNFTUJCMF>
-BDUBSJVTQBMMJEVT
<DPNFTUJCMF>
-BDUBSJVTQJQFSBUVT
<DPNFTUJCMF>
-BDUBSJVTQPSOJOTJT
<DPNFTUJCMF>
-BDUBSJVTRVJFUVT
<DPNFTUJCMF>
-BDUBSJVTSFQSBFTFOUBOFVT
<DPNFTUJCMF>
-BDUBSJVTSFTJNVT
<DPNFTUJCMF>
-BDUBSJVTSVGVT
<DPNFTUJCMF>
<DPNFTUJCMF>
<DPNFTUJCMF>
-BDUBSJVTTFNJTBOHVJGMVVT
<DPNFTUJCMF>
-BDUBSJVTTVCEVMDJT
<DPNFTUJCMF>
-BDUBSJVTUPSNJOPTVT
<DPNFTUJCMF>
-BDUBSJVTWFMMFSFVT
<DPNFTUJCMF>
-BDUBSJVTWJFUVT
<DPNFTUJCMF>
-BDUBSJVTWJPMBTDFOT
<DPNFTUJCMF>
-BDUBSJVTWPMFNVT
<DPNFTUJCMF>
-BDUBSJVT[POBSJVT
<DPNFTUJCMF>
<DPNFTUJCMF>
-FQJPUBMJMBDFB
<DPNFTUJCMF>
-FQJTUBJSJOB
<DPNFTUJCMF>
-FQJTUBOVEB
<DPNFTUJCMF>
<DPNFTUJCMF>
-ZDPQFSEPOQFSMBUVN
<DPNFTUJCMF>
-ZPQIZMMVNEFDBTUFT
<DPNFTUJCMF>
<DPNFTUJCMF>
.BDSPMFQJPUBQSPDFSB
<DPNFTUJCMF>
.BSBTNJVTBMMJBDFVT
<DPNFTUJCMF>
.BSBTNJVTPSFBEFT
<DPNFTUJCMF>
9FSPDPNVTQBSBTJUJDVT
<DPNFTUJCMF>
BMJNFOUP
#PMFUVT
BMJNFOUP
BMJNFOUP
BMJNFOUP
&WFSOJBQSVOBTUSJ
PUSPoQFSGVNF
;".#*"
1FHMFSZ1JFBSDF 1JFBSDF
3BNNFMPP
DPNFTUJCMF
"NBOJUBGMBNNFPMB
BMJNFOUP
"NBOJUB[BNCJBOB
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
-BDUBSJVTLBCBOTVT
BMJNFOUP
-BDUBSJVTQJQFSBUVT
BMJNFOUP
-FOUJOVTDMBEPQVT
DPNFTUJCMF
.BDSPMFQJPUBQSPDFSB
BMJNFOUP
DPNFTUJCMF
BMJNFOUP
4VJMMVTHSBOVMBUVT
DPNFTUJCMF
BMJNFOUP
BMJNFOUP
5FSNJUPNZDFTNFEJVT
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
7BOEFSCZMJBVOHVMBUB
NFEJDJOBM
;*.#"#8&
#PBFUBM
"NBOJUBBVSFB
BMJNFOUP
"NBOJUBMPPTJJ
BMJNFOUP
"NBOJUB[BNCJBOB
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
BMJNFOUP
-BDUBSJVTLBCBOTVT
BMJNFOUP
-ZDPQFSEPO
BMJNFOUP
3VTTVMBDFMMVMBUB
BMJNFOUP
BMJNFOUP
BMJNFOUP

"/&90
-JTUBHMPCBMEFIPOHPTTJMWFTUSFT
VTBEPTDPNPBMJNFOUP
DPOTJEFSBEPTBMJNFOUPZPDPO
QSPQJFEBEFTNFEJDJOBMFT
&TUPTSFHJTUSPTGVFSPOUPNBEPTEFNTEFGVFOUFT JODMVZFOEPEPDVNFOUPT MJCSPT

TJUJPT XFC Z PUSPT DPOUBDUPT -PT EFUBMMFT DPNQMFUPT TF FODVFOUSBO FO VOB CBTF EF
EBUPTFTUBCMFDJEBQPSFMBVUPS-PTOPNCSFTEFMBTFTQFDJFTIBOTJEPFTDSJUPTBTDPNP
BQBSFDFOFOMBQVCMJDBDJOPSJHJOBMDPOFYDFQDJOEFMPTFSSPSFTEFPSUPHSBGBPCWJPT
PFODBTPTFOMPTDVBMFTIBZBTJEPDBNCJBEPFMOPNCSFQSFGFSJEP $VBESP
$IBOH
Z.BP
BOBMJ[BOMPTIPOHPTQPSTVGPSNBEFOVUSJSTF TBQSGJUPT NJDPSS[JDPT
FUD
8POH #VDIBOBO Z .BZ
FOVNFSBO MPT IPOHPT DPNFTUJCMFT RVF TPO
NJDPSS[JDPT -B MJUFSBUVSB NJDPMHJDB OP TJFNQSF FYQMJDB DPO DMBSJEBE TJ VO IPOHP
iDPNFTUJCMFu FT FGFDUJWBNFOUF iDPNJEPu .VDIBT FTQFDJFT FTUO FOVNFSBEBT FO
XXXXJMEVTFGVMGVOHJPSH
N
QSPQJFEBEFTNFEJDJOBMFT
/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
"GSPCPMFUVTDPTUBUJTQPSB
DPNFTUJCMF
"HBSJDVTMJMBDFQT
DPNFTUJCMF
"GSPCPMFUVTMVUFPMVT
BMJNFOUP
"HBSJDVTNBDSPTQPSVT
DPNFTUJCMF
"HBSJDVTBCSVQUJCVMCVT
DPNFTUJCMF
"HBSJDVTNJDSPNFHFUIVT
DPNFTUJCMF
"HBSJDVTBNCPFOTJT
DPNFTUJCMF
"HBSJDVTOJWFTDFOT
DPNFTUJCMF
"HBSJDVTBSWFOTJT
BMJNFOUP N
"HBSJDVTQBUUFSTPOBF
DPNFTUJCMF
"HBSJDVTBVHVTUVT
BMJNFOUP
"HBSJDVTQFSPCTDVSVT
DPNFTUJCMF
"HBSJDVTCFOFTJJ
DPNFTUJCMF
"HBSJDVTQMBDPNZDFT
DPNFTUJCMF
"HBSJDVTCFSOBSEJJ
DPNFTUJCMF
"HBSJDVTSPENBOJ
DPNFTUJCMF
"HBSJDVTCJOHFOTJT
DPNFTUJCMF
"HBSJDVTSVCFMMVT
DPNFTUJCMF
"HBSJDVTCJTQPSVT
BMJNFOUP N
"HBSJDVTTJMWBUJDVT
BMJNFOUP
"HBSJDVTCJTQPSVTWBSBMCJEVT
DPNFTUJCMF
"HBSJDVTTJMWJDPMB
BMJNFOUP
"HBSJDVTCJTQPSVTWBSCJTQPSVT
DPNFTUJCMF
"HBSJDVTTRVBNVMJGFSVTWBSDBSPMJ
BMJNFOUP
"HBSJDVTCJUPSRVJT
BMJNFOUP
"HBSJDVTTVCFEVMJT
DPNFTUJCMF
"HBSJDVTCMB[FJ
DPNFTUJCMF N
"HBSJDVTTVCQFSPOBUVT
BMJNFOUP
"HBSJDVTDBNQFTUSJT
BMJNFOUP N
BMJNFOUP
"HBSJDVTDPNUVMVT
BMJNFOUP
BMJNFOUP
"HBSJDVTDSPDFPMVUFTDFOT
DPNFTUJCMF
"HSPDZCFBFHFSJUB
BMJNFOUP
"HBSJDVTDVQSFPCSVOOFVT
DPNFTUJCMF
"HSPDZCFCSPBEXBZJ
BMJNFOUP
"HBSJDVTFOEPYBOUIVT
DPNFTUJCMF
"HSPDZCFDZMJOESBDFB
DPNFTUJCMF
"HBSJDVTFSZUISPUSJDIVT
DPNFTUJCMF
"HSPDZCFGBSJOBDFB
DPNFTUJCMF
"HBSJDVTFTTFUUFJ
BMJNFOUP
"HSPDZCFQBMVEPTB
DPNFTUJCMF
BMJNFOUP
"HSPDZCFQBSBTJUJDB
DPNFTUJCMF
"HBSJDVTGVTDPWFMBUVT
DPNFTUJCMF
"HSPDZCFQFEJBEFT
DPNFTUJCMF
"HBSJDVTHFOOBEJJ
DPNFTUJCMF
"HSPDZCFTBMJDBDJDPMB
DPNFTUJCMF
"HBSJDVTHPPTTFOTJBF
DPNFTUJCMF
"HSPDZCFWFSWBDUJ
DPNFTUJCMF
"HBSJDVTJNQVEJDVT
BMJNFOUP
DPNFTUJCMF N

/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
"MCBUSFMMVTPWJOVT
BMJNFOUP
"VSJDVMBSJBUFOVJT
DPNFTUJCMF
"MFVSJBBVSBOUJB
DPNFTUJCMF
#BOLFSBGVMJHJOFPBMCB
DPNFTUJCMF
"NBOJUBBMMJPEPSB
NFEJDJOBM
#BUUBSFBQIBMMPJEFT
NFEJDJOBM
"NBOJUBBVSFB
BMJNFOUP
#BUUBSSFBTUFWFOJJ
NFEJDJOBM
"NBOJUBCJOHFOTJT
DPNFTUJCMF
#KFSLBOEFSBGVNPTB
NFEJDJOBM
"NBOJUBDBFTBSFB
BMJNFOUP
#PMFUFMMVTBOBOBT
BMJNFOUP
"NBOJUBDBFTBSFBGTQ
BNFSJDBOB
BMJNFOUP
#PMFUFMMVTCFUVMB
BMJNFOUP
#PMFUFMMVTFNPEFOTJT
DPNFTUJCMF
"NBOJUBDBFTBSFPJEFT
DPNFTUJCMF
#PMFUFMMVTSVTTFMMJJ
BMJNFOUP
"NBOJUBDBMPQVT
DPNFTUJCMF
#PMFUJOVTBTJBUJDVT
DPNFTUJCMF
"NBOJUBDBMZQUSBUB
DPNFTUJCMF
#PMFUJOVTMBLFJ
DPNFTUJCMF
"NBOJUBDBMZQUSBUPJEFT
DPNFTUJCMF
#PMFUJOVTQJOFUPSVN
DPNFTUJCMF
BMJNFOUP
#PMFUPQJTMFVDPNFMBFOB
DPNFTUJCMF
"NBOJUBDFDJMJBF
BMJNFOUP
#PMFUVTBFSFVT
DPNFTUJCMF
"NBOJUBDIFQBOHJBOB
DPNFTUJCMF
#PMFUVTBFTUJWBMJT
BMJNFOUP
"NBOJUBDPOTUSJDUB
DPNFTUJCMF
DPNFTUJCMF
"NBOJUBDSPDFB
BMJNFOUP
#PMFUVTBULJOTPOJJ
DPNFTUJCMF
"NBOJUBGMBNNFPMB
BMJNFOUP
#PMFUVTCBSSPXTJJ
DPNFTUJCMF
"NBOJUBGMBWPDPOJB
BMJNFOUP
#PMFUVTCJDPMPSPJEFT
BMJNFOUP
"NBOJUBGMBWPSVCFTDFOT
DPNFTUJCMF
#PMFUVTDBMPQVT
DPNFTUJCMF
"NBOJUBGVMWB
BMJNFOUP
#PMFUVTDJUSJGSBHSBOT
DPNFTUJCMF
"NBOJUBHFNNBUB
DPNFTUJCMF
#PMFUVTFEVMJT
BMJNFOUP N
"NBOJUBHPPTFOTJBF
DPNFTUJCMF
#PMFUVTFNPEFOTJT
DPNFTUJCMF
"NBOJUBIFNJCBQIB
BMJNFOUP
#PMFUVTFSZUISPQVT
BMJNFOUP
"NBOJUBIPWBF
DPNFTUJCMF
DPNFTUJCMF
"NBOJUBJOBVSBUB
BMJNFOUP
#PMFUVTFSZUISPQVTWBS
OPWPHVJOFFOTJT
"NBOJUBMPPTJJ
BMJNFOUP
#PMFUVTGFMMFVT
DPNFTUJCMF
"NBOJUBNVTDBSJB
NFEJDJOBM
#PMFUVTGSPTUJJ
BMJNFOUP
"NBOJUBQBDIZDPMFB
DPNFTUJCMF
#PMFUVTHSJTFVT
DPNFTUJCMF
"NBOJUBQFSQIBFB
BMJNFOUP
#PMFUVTMPZP
BMJNFOUP
"NBOJUBSIPEPQIZMMB
DPNFTUJCMF
#PMFUVTMVSJEJGPSNJT
DPNFTUJCMF
"NBOJUBSPCVTUB
DPNFTUJCMF
#PMFUVTMVSJEVT
DPNFTUJCMF
"NBOJUBSVCFTDFOT
BMJNFOUP
#PMFUVTNJDIPBDBOVT
BMJNFOUP
"NBOJUBUBO[BOJDB
DPNFTUJCMF
#PMFUVTOJHSPWJPMBDFVT
DPNFTUJCMF
"NBOJUBUV[B
BMJNFOUP
#PMFUVTQJOJDPMB
BMJNFOUP
"NBOJUBVNCPOBUB
BMJNFOUP
#PMFUVTQJOPQIJMVT
BMJNFOUP
"NBOJUBWBHJOBUB
BMJNFOUP
#PMFUVTSFHJVT
DPNFTUJCMF
"NBOJUBWFMPTB
DPNFTUJCMF
#PMFUVTSFUJDVMBUVT
BMJNFOUP
"NBOJUBWJSHJOFPJEFT
DPNFTUJCMF
#PMFUVTTFQBSBOT
DPNFTUJCMF
"NBOJUB[BNCJBOB
BMJNFOUP
#PMFUVTTQFDJPTVT
DPNFTUJCMF
"NBOJUJOBNBOHJOJBOB
BMJNFOUP
#PMFUVTUSVODBUVT
DPNFTUJCMF
"NBOJUPQTJTQVEJDB
DPNFTUJCMF
#PMFUVTWBSJJQFT
BMJNFOUP
"NBVSPEFSNBOJHFS
NFEJDJOBM
#PMFUVTWJPMBDFPGVTDVT
DPNFTUJCMF
"NBVSPEFSNBSVEF
NFEJDJOBM
#PMFUVTWJUFMMJOVT
DPNFTUJCMF
"SBDIOJPOBMCVN
BMJNFOUP
#PMFUVT[FMMFSJ
DPNFTUJCMF
"SNJMMBSJBEJTUBOT
DPNFTUJCMF
#POEBS[FXJBCFSLFMFZJJ
DPNFTUJCMF
"SNJMMBSJBMVUFPWJSFOT
BMJNFOUP
#POEBS[FXJBNPOUBOB
DPNFTUJCMF
"SNJMMBSJBNFMMFB
BMJNFOUP N
#PWJTUBBQFEJDFMMBUB
NFEJDJOBM
"SNJMMBSJBPTUPZBF
BMJNFOUP
#PWJTUBHJHBOUFB
DPNFTUJCMF
"SNJMMBSJBQPOEFSPTB
DPNFTUJCMF
#PWJTUBQJMB
NFEJDJOBM
"SNJMMBSJBUBCFTDFOT
BMJNFOUP
#PWJTUBQMVNCFB
DPNFTUJCMF N
"TQSPQBYJMMVTMFQJTUPJEFT
DPNFTUJCMF
#PWJTUBQMVNCFBWBSPWBMJTQPSB
BMJNFOUP
DPNFTUJCMF N
#PWJTUBQVTJMMB
NFEJDJOBM
"VSFPCBTJEJVNQVMMVMBOTWBS
QVMMVMBOT
NFEJDJOBM
#PWJTUFMMBTJOFOTJT
NFEJDJOBM
#VDIXBMEPCPMFUVTTQFDUBCJMJT
DPNFTUJCMF
BMJNFOUP N
$BMPDFSBDPSOFB
DPNFTUJCMF
"VSJDVMBSJBEFMJDBUB
BMJNFOUP
$BMPDFSBWJTDPTB
DPNFTUJCMF
DPNFTUJCMF
$BMPDZCFHBNCPTB
BMJNFOUP N
DPNFTUJCMF N
$BMPDZCFJOEJDB
DPNFTUJCMF
DPNFTUJCMF
$BMPDZCFMFVDPDFQIBMB
DPNFTUJCMF
"OFYP-JTUBHMPCBMEFIPOHPTTFHOTVTQSPQJFEBEFTDPNFTUJCMFT BMJNFOUPT NFEJDJOBMFT
/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
$BMWBUJBCPWJTUB
NFEJDJOBM
BMJNFOUP
$BMWBUJBDBFMBUB
DPNFTUJCMF N
$ISPPHPNQIVTSVUJMVT
BMJNFOUP
NFEJDJOBM
BMJNFOUP
BMJNFOUP
$MBEJOBTUFMMBSJT
BMJNFOUP
DPNFTUJCMF N
$MBEPOJBTQQ
NFEJDJOBM
$BMWBUJBMJMBDJOB
DPNFTUJCMF
$MBWBSJBBMCJSBNFB
DPNFTUJCMF
$BMWBUJBQVSQVSFB
DPNFTUJCMF
$MBWBSJBBVSFB
DPNFTUJCMF
$BMWBUJBVUSJGPSNJT
DPNFTUJCMF N
$MBWBSJBDPSBMMPJEFT
BMJNFOUP
$BNBSPQIZMMVTOJWFVT
DPNFTUJCMF
$MBWBSJBQVSQVSFB
DPNFTUJCMF
DPNFTUJCMF
BMJNFOUP
$BNBSPQIZMMVTTVCQSBUFOTJT
DPNFTUJCMF
$MBWBSJBEFMQIVTDPLFSJ
BMJNFOUP
DPNFTUJCMF
BMJNFOUP
$BOUIBSFMMVMBVNCPOBUB
DPNFTUJCMF
$MBWBSJBEFMQIVTTBDIBMJOFOTJT
DPNFTUJCMF
BMJNFOUP N
BMJNFOUP
$BOUIBSFMMVTDJCBSJVTWBS
EFGJCVMBUVT
DPNFTUJCMF
$MBWBSJBEFMQIVTVOJDPMPS
BMJNFOUP
$MBWJDFQTQVSQVSFB
NFEJDJOBM
$BOUIBSFMMVTDJCBSJVTWBS
MBUJGPMJVT
DPNFTUJCMF
$MBWJDPSPOBQZYJEBUB
BMJNFOUP
$BOUIBSFMMVTDJOFSFVT
DPNFTUJCMF
$MBWVMJOBBNFUIZTUJOB
DPNFTUJCMF
$BOUIBSFMMVTDJOOBCBSJOVT
DPNFTUJCMF
$MBWVMJOBDJOFSFB
BMJNFOUP
BMJNFOUP
$MBWVMJOBDSJTUBUB
BMJNFOUP
$BOUIBSFMMVTDZBOFTDFOT
DPNFTUJCMF
$MBWVMJOBSVHPTB
DPNFTUJCMF
DPNFTUJCMF
$MBWVMJOPQTJTGVTJGPSNJT
DPNFTUJCMF
BMJNFOUP
$MBWVMJOPQTJTIFMWPMB
DPNFTUJCMF
BMJNFOUP
$MBWVMJOPQTJTNJZBCFBOB
DPNFTUJCMF
DPNFTUJCMF
$MJNBDPDZTUJTCPSFBMJT
DPNFTUJCMF
BMJNFOUP
$MJUPDZCFDMBWJQFT
BMJNFOUP
$BOUIBSFMMVTGPSNPTVT
DPNFTUJCMF
$MJUPDZCFHFPUSPQB
DPNFTUJCMF
$BOUIBSFMMVTJHOJDPMPS
BMJNFOUP
$MJUPDZCFHJCCB
BMJNFOUP
$BOUIBSFMMVTJODBSOBUVT
DPNFTUJCMF
$MJUPDZCFIZQPDBMBNVT
BMJNFOUP
$BOUIBSFMMVTJOGVOEJCVMJGPSNJT
DPNFTUJCMF
DPNFTUJCMF
$BOUIBSFMMVTJTBCFMMJOVT
DPNFTUJCMF
$MJUPDZCFOFCVMBSJT
BMJNFOUP
BMJNFOUP
$MJUPDZCFPEPSB
DPNFTUJCMF
$BOUIBSFMMVTMVUFPDPNVT
DPNFTUJCMF
$MJUPDZCFTRVBNVMPTB
DPNFTUJCMF
$BOUIBSFMMVTMVUFPQVODUBUVT
DPNFTUJCMF
$MJUPDZCFTVBWFPMFOT
BMJNFOUP
BMJNFOUP
$MJUPQJMVTBCPSUJWVT
NFEJDJOBM
$BOUIBSFMMVTNJOPS
BMJNFOUP
$MJUPQJMVTQSVOVMVT
BMJNFOUP
BMJNFOUP
$PMMZCJBBDFSWBUB
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBBOPNCF
DPNFTUJCMF
BMJNFOUP
$PMMZCJBBUUFOVBUB
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBBVSFB
DPNFTUJCMF
$BOUIBSFMMVTSVCFS
DPNFTUJCMF
$PMMZCJBCVUZSBDFB
BMJNFOUP
$BOUIBSFMMVTSVGPQVODUBUVT
DPNFTUJCMF
$PMMZCJBDPOGMVFOT
BMJNFOUP
$BOUIBSFMMVTSVGPQVODUBUVTWBS
PDISBDFVT
DPNFTUJCMF
$PMMZCJBDPOUPSUB
DPNFTUJCMF
$PMMZCJBEJTUPSUB
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBESZPQIJMB
DPNFTUJCMF
DPNFTUJCMF
$PMMZCJBGBNJMJB
DPNFTUJCMF
$BOUIBSFMMVTTVCDJCBSJVT
DPNFTUJCMF
$PMMZCJBPSPOHB
DPNFTUJCMF
BMJNFOUP
$PMMZCJBQJQFSBUB
DPNFTUJCMF
$BOUIBSFMMVTUFOVJT
DPNFTUJCMF
$PMMZCJBQMBUZQIZMMB
DPNFTUJCMF
BMJNFOUP
$PMMZCJBQPMZQIZMMB
DPNFTUJCMF
$BUBUIFMBTNBJNQFSJBMF
DPNFTUJCMF
$PMMZCJBQTFVEPDBMPQVT
BMJNFOUP
BMJNFOUP
$PMMZCJBSBEJDBUB
DPNFTUJCMF
$FSSFOBVOJDPMPS
NFEJDJOBM
$PMMZCJBTVCQSVJOPTB
BMJNFOUP
$FUSBSJBJTMBOEJDB
NFEJDJOBM
$PMMZCJBUBNBUBWBF
DPNFTUJCMF
DPNFTUJCMF
$PMUSJDJBDJOOBNPNFB
NFEJDJOBM
DPNFTUJCMF
$PPLFJOBTVMDJQFT
DPNFTUJCMF
DPNFTUJCMF
$PPLFJOBUSJDIPMPNB
DPNFTUJCMF
$IPJSPNZDFTBCPSJHJOVN
BMJNFOUP
$PQSJOVTBDVNJOBUVT
DPNFTUJCMF
$IPJSPNZDFTNFBOESJGPSNJT
DPNFTUJCMF
$PQSJOVTBGSJDBOVT
BMJNFOUP
$BOUIBSFMMVTTQMFOEFOT
$IMPSPQIZMMVNNBEBHBDBSJFOTF

/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
DPNFTUJCMF N
&MBQIPNZDFTHSBOVMBUVT
NFEJDJOBM
$PQSJOVTDBTUBOFVT
DPNFTUJCMF
&OEPQIZMMVTZVOOBOFOTJT
DPNFTUJCMF
$PQSJOVTDJOFSFVT
DPNFTUJCMF
&OHMFSPNZDFTHPFU[JJ
NFEJDJOBM
$PQSJOVTDPNBUVT
DPNFTUJCMF
&OUFSJEJVNMZDPQFSEPO
DPNFTUJCMF
DPNFTUJCMF
&OUPMPNBBCPSUJWVN
BMJNFOUP
$PQSJOVTNJDBDFVT
BMJNFOUP
&OUPMPNBBQSJMJT
DPNFTUJCMF
DPNFTUJCMF
&OUPMPNBBSHZSPQVT
DPNFTUJCMF
$PSEJUVCFSBCPWPOFJ
DPNFTUJCMF
&OUPMPNBCMPYBNJ
DPNFTUJCMF
$PSEZDFQTNJMJUBSJT
NFEJDJOBM
&OUPMPNBDMZQFBUVN
BMJNFOUP
$PSEZDFQTPQIJPHMPTTPJEFT
NFEJDJOBM
&OUPMPNBDSBTTJQFT
DPNFTUJCMF
$PSEZDFQTTJOFOTJT
DPNFTUJCMF N
&OUPMPNBNBEJEVN
DPNFTUJCMF
$PSJPMVTDPOTPST
NFEJDJOBM
&OUPMPNBNJDSPDBSQVN
DPNFTUJCMF
$PSUJOBSJVTBMCPWJPMBDFVT
DPNFTUJCMF
&WFSOJBNFTPNPSQIB
NFEJDJOBM
$PSUJOBSJVTBSNFOJBDVT
DPNFTUJCMF
'BWPMVTBMWFPMBSVT
DPNFTUJCMF
$PSUJOBSJVTBSNJMMBUVT
DPNFTUJCMF
'BWPMVTCSBTJMJFOTJT
BMJNFOUP
$PSUJOBSJVTDMBSJDPMPSWBSUVSNBMJT
DPNFTUJCMF
'BWPMVTCSVOOFPMVT
BMJNFOUP
DPNFTUJCMF
'BWPMVTTUSJBUVMVT
BMJNFOUP
$PSUJOBSJVTFMBUJPS
DPNFTUJCMF
'BWPMVTUFTTFMBUVT
BMJNFOUP
BMJNFOUP
'JCSPQPSJBWBJMMBOUJJ
NFEJDJOBM
$PSUJOBSJVTMBSHVT
DPNFTUJCMF
'JTUVMJOBIFQBUJDB
BMJNFOUP N
$PSUJOBSJVTPSJDIBMDFVT
DPNFTUJCMF
'MBNNVMJOBWFMVUJQFT
BMJNFOUP N
BMJNFOUP
'MPDDVMBSJBBMCPMBOBSJQFT
DPNFTUJCMF
$PSUJOBSJVTQSBTJOVT
DPNFTUJCMF
'PNFTGPNFOUBSJVT
NFEJDJOBM
$PSUJOBSJVTQTFVEPTBMPS
DPNFTUJCMF
'PNFTNFMBOPQPSVT
NFEJDJOBM
DPNFTUJCMF
'PNJUPQTJTQJOJDPMB
NFEJDJOBM
$PSUJOBSJVTSVGPPMJWBDFVT
BMJNFOUP
'PNJUPQTJTVMNBSJB
NFEJDJOBM
$PSUJOBSJVTUFOVJQFT
DPNFTUJCMF
'VMJHPTFQUJDB
DPNFTUJCMF
$PSUJOBSJVTWBSJFDPMPS
DPNFTUJCMF
(BMJFMMBKBWBOJDB
NFEJDJOBM
$PUZMJEJBBVSBOUJBDB
DPNFTUJCMF
(BOPEFSNBBQQMBOBUVN
NFEJDJOBM
$SBUFSFMMVTBVSFVT
DPNFTUJCMF
(BOPEFSNBDBQFOTF
NFEJDJOBM
BMJNFOUP N
(BOPEFSNBDVSUJTJJ
NFEJDJOBM
$DPSOVDPQJPJEFTWBS
DPSOVDPQJPJEFT
DPNFTUJCMF
(BOPEFSNBMPCBUVN
NFEJDJOBM
(BOPEFSNBMVDJEVN
DPNFTUJCMF N
$DPSOVDPQJPJEFTWBS
QBSWJTQPSVT
DPNFTUJCMF
(BOPEFSNBTJOFOTF
NFEJDJOBM
$SBUFSFMMVTGBMMBY
BMJNFOUP
(BOPEFSNBUFOVF
NFEJDJOBM
$SFQJEPUVTBQQMBOBUVT
DPNFTUJCMF
(BOPEFSNBUSPQJDVN
NFEJDJOBM
$SFQJEPUVTNPMMJT
DPNFTUJCMF
(BOPEFSNBUTVHBF
DPNFTUJCMF N
$SPOBSUJVNDPOJHFOVN
DPNFTUJCMF
(BTUSPEJBFMBUB
DPNFTUJCMF
$SZQUPEFSNBDJUSJOVN
NFEJDJOBM
(BVUJFSJBNFYJDBOB
DPNFTUJCMF
$SZQUPQPSVTWPMWBUVT
NFEJDJOBM
(FBTUSVNGJNCSJBUVN
DPNFTUJCMF
$ZBUIVTMJNCBUVT
NFEJDJOBM
(FBTUSVNIZHSPNFUSJDVN
NFEJDJOBM
$ZBUIVTTUFSDPSFVT
NFEJDJOBM
(FBTUSVNTBDDBUVN
NFEJDJOBM
$ZNBUPEFSNBEFOESJUJDVN
DPNFTUJCMF
(FBTUSVNUSJQMFY
BMJNFOUP N
$FMFHBOTTVCTQ
JOGVOEJCVMJGPSNF
DPNFTUJCMF
(FPQPSBTQ
DPNFTUJCMF
(MPFPQPSVTDPODIPJEFT
BMJNFOUP
DPNFTUJCMF
(MPFPTUFSFVNJODBSOBUVN
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
$ZTUPEFSNBBNJBOUIJOVN
$ZTUPEFSNBUFSSFJJ
$ZUUBSJBEBSXJOJJ
BMJNFOUP
(PNQIJEJVTNBDVMBUVT
$ZUUBSJBFTQJOPTBF
BMJNFOUP
(PNQIJEJVTQVSQVSBTDFOT
DPNFTUJCMF
$ZUUBSJBHVOOJJ
BMJNFOUP
(PNQIVTDMBWBUVT
BMJNFOUP
$ZUUBSJBIBSJPUJJ
BMJNFOUP
(PNQIVTGMPDDPTVT
BMJNFOUP
DPNFTUJCMF
(PNQIVTLBVGGNBOJJ
BMJNFOUP
DPNFTUJCMF
(PPTTFOTJBDJCBSJPJEFT
DPNFTUJCMF
%BDSZPQJOBYTQBUIVMBSJB
DPNFTUJCMF
(SJGPMBGSPOEPTB
DPNFTUJCMF N
%BFEBMFPQTJTDPOGSBHPTBWBS
USJDPMPS
NFEJDJOBM
(SJGPMBHBSHBM
BMJNFOUP
(ZNOPQJMVTFBSMFJ
BMJNFOUP
%BMEJOJBDPODFOUSJDB
NFEJDJOBM
(ZNOPQJMVTIJTQJEFMMVT
BMJNFOUP
%JDUZPQIPSBFDIJOPWPMWBUB
DPNFTUJCMF
(ZSPEPOJOUFSNFEJVT
BMJNFOUP
%JDUZPQIPSBJOEVTJBUBGMVUFB
DPNFTUJCMF
(ZSPEPOMJWJEVT
DPNFTUJCMF
$ZUUBSJBIPPLFSJ
%BDSZNZDFTQBMNBUVT
/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
(ZSPEPONFSVMJPJEFT
DPNFTUJCMF
BMJNFOUP
(ZSPNJUSBBNCJHVB
DPNFTUJCMF
)ZQPNZDFTNBDSPTQPSVT
DPNFTUJCMF
(ZSPNJUSBBOUBSUJDB
DPNFTUJCMF
)ZQTJ[ZHVTNBSNPSFVT
BMJNFOUP
(ZSPNJUSBFTDVMFOUB
DPNFTUJCMF
BMJNFOUP
(ZSPNJUSBJOGVMB
BMJNFOUP
*MFPEJDUZPODJCBSJVN
DPNFTUJCMF
(ZSPNJUSBVTTVSJFOTJT
DPNFTUJCMF
*OPDZCFTQ
DPNFTUJCMF
(ZSPQPSVTDBTUBOFVT
DPNFTUJCMF
*OPOPUVTIJTQJEVT
NFEJDJOBM
)FCFMPNBGBTUJCJMF
BMJNFOUP
*OPOPUVTPCMJRVVT
NFEJDJOBM
)FCFMPNBNFTPQIBFVN
BMJNFOUP
NFEJDJOBM
)FMWFMMBBDFUBCVMVN
BMJNFOUP
,PCBZBTJBOJQQPOJDB
DPNFTUJCMF
)FMWFMMBDSJTQB
BMJNFOUP
DPNFTUJCMF
)FMWFMMBFMBTUJDB
BMJNFOUP
-BDDBSJBBNFUIZTUFB
BMJNFOUP
)FMWFMMBJOGVMB
BMJNFOUP
-BDDBSJBBNFUIZTUFPPDDJEFOUBMJT
DPNFTUJCMF
)FMWFMMBMBDVOPTB
BMJNFOUP
-BDDBSJBBNFUIZTUJOB
BMJNFOUP
)FSJDJVNBCJFUJT
BMJNFOUP
-BDDBSJBCJDPMPS
BMJNFOUP
)FSJDJVNDBQVUVSTJ
DPNFTUJCMF
-BDDBSJBFEVMJT
DPNFTUJCMF
)FSJDJVNDMBUISPJEFT
DPNFTUJCMF
-BDDBSJBGBSJOBDFB
DPNFTUJCMF
)FSJDJVNDPSBMMPJEFT
DPNFTUJCMF
-BDDBSJBMBDDBUB
BMJNFOUP
)FSJDJVNFSJOBDFVT
BMJNFOUP N
-BDDBSJBQSPYJNB
BMJNFOUP
)FSJDJVNGMBHFMMVN
BMJNFOUP
-BDDBSJBTDSPCJDVMBUVT
DPNFTUJCMF
)FSJDJVNMBDJOJBUVN
DPNFTUJCMF
-BDDPDFQIBMVNNZMJUUBF
DPNFTUJCMF
)FSJDJVNSBNPTVN
DPNFTUJCMF
-BDSZNBSJBWFMVUJOB
DPNFTUJCMF
)FUFSPCBTJEJPOBOOPTVN
NFEJDJOBM
-BDUBSJVTBLBIBUTV
BMJNFOUP
)FYBHPOJBBQJBSJB
NFEJDJOBM
-BDUBSJVTBOHVTUVT
DPNFTUJCMF
)JSTDIJPQPSVTBCJFUJOVT
NFEJDJOBM
-BDUBSJVTBOOVMBUPBOHVTUJGPMJVT
BMJNFOUP
)JSTDIJPQPSVTGVTDPWJPMBDFVT
NFEJDJOBM
-BDUBSJVTDBNQIPSBUVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTDBSCPOJDPMB
DPNFTUJCMF
)ZEOPQPMZQPSVTGJNCSJBUVT
DPNFTUJCMF
-BDUBSJVTDISZTPSSIFVT
DPNFTUJCMF
BMJNFOUP
-BDUBSJVTDPOHPMFOTJT
DPNFTUJCMF
)ZEOPUSZBUVMBTOFJ
DPNFTUJCMF
DPNFTUJCMF
)ZEOVNSFQBOEVN
BMJNFOUP
-BDUBSJVTDPSSVHVJT
BMJNFOUP
)ZEOVNVNCJMJDBUVN
DPNFTUJCMF
-BDUBSJVTEFMJDJPTVT
BMJNFOUP
DPNFTUJCMF
-BDUBSJVTEFUFSSJNVT
DPNFTUJCMF
)ZHSPDZCFDPDDJOFB
DPNFTUJCMF
-BDUBSJVTEFOJHSJDBOT
BMJNFOUP
)ZHSPDZCFDPOJDB
DPNFTUJCMF
-BDUBSJVTEFOTJGPMJVT
BMJNFOUP
)ZHSPDZCFMBFUB
DPNFTUJCMF
-BDUBSJVTFEVMJT
DPNFTUJCMF
)ZHSPDZCFOJHSFTDFOT
BMJNFOUP
-BDUBSJVTGMBWJEVMVT
DPNFTUJCMF
)ZHSPDZCFPCSVTTFB
DPNFTUJCMF
-BDUBSJVTHZNOPDBSQPJEFT
BMJNFOUP
)ZHSPDZCFQTJUUBDJOB
DPNFTUJCMF
BMJNFOUP
)ZHSPDZCFQVOJDFB
DPNFTUJCMF
-BDUBSJVTIBUTVEBLF
BMJNFOUP
)ZHSPDZCFVOHVJOPTB
DPNFTUJCMF
-BDUBSJVTIFJNJJ
BMJNFOUP
BMJNFOUP
-BDUBSJVTJOEJHP
BMJNFOUP
)ZHSPQIPSPQTJTNBOHFOPUJJ
DPNFTUJCMF
-BDUBSJVTJOTVMTVT
DPNFTUJCMF
)ZHSPQIPSVTBHBUIPTNVT
DPNFTUJCMF
-BDUBSJVTJOWFSTVT
DPNFTUJCMF
)ZHSPQIPSVTBSCVTUJWVT
DPNFTUJCMF
-BDUBSJVTKBQPOJDVT
DPNFTUJCMF
)ZHSPQIPSVTDBNBSPQIZMMVT
DPNFTUJCMF
-BDUBSJVTLBCBOTVT
BMJNFOUP
BMJNFOUP
-BDUBSJVTMBFWJHBUVT
BMJNFOUP
)ZHSPQIPSVTFCVSOFVT
DPNFTUJCMF
-BDUBSJVTMBFUJDPMPS
DPNFTUJCMF
)ZHSPQIPSVTFSVCFTDFOT
DPNFTUJCMF
-BDUBSJVTMBUJGPMJVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTMVUFPQVT
BMJNFOUP
)ZHSPQIPSVTMVDPSVN
DPNFTUJCMF
-BDUBSJVTNFEVTBF
BMJNFOUP
)ZHSPQIPSVTOJWFVT
BMJNFOUP
-BDUBSJVTNJUJTTJNVT
DPNFTUJCMF
DPNFTUJCMF
-BDUBSJVTOFDBUPS
DPNFTUJCMF
)ZHSPQIPSVTQFOBSJVT
DPNFTUJCMF
-BDUBSJVTQFMMJDVMBUVT
DPNFTUJCMF
)ZHSPQIPSVTQVEPSJOVT
DPNFTUJCMF
-BDUBSJVTQFMMJDVMBUVTGQBMMJEVT
DPNFTUJCMF
)ZHSPQIPSVTQVSQVSBTDFOT
BMJNFOUP
BMJNFOUP
)ZHSPQIPSVTSVTTVMB
BMJNFOUP
-BDUBSJVTQJQFSBUVT
BMJNFOUP
)ZQIPMPNBTVCMBUFSJUJVN
BMJNFOUP
-BDUBSJVTQSJODFQT
DPNFTUJCMF
)ZQIPMPNBXBNCFOTJT
DPNFTUJCMF
-BDUBSJVTQTFVEPWPMFNVT
DPNFTUJCMF

/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
-BDUBSJVTQVCFTDFOT
DPNFTUJCMF
-FOUJOVTWFMVUJOVT
BMJNFOUP N
-BDUBSJVTQZSPHBMVT
DPNFTUJCMF
-FO[JUFTCFUVMJOB
NFEJDJOBM
-BDUBSJVTRVJFUVT
DPNFTUJCMF
-FO[JUFTFMFHBOT
DPNFTUJCMF
-BDUBSJVTSFTJNVT
DPNFTUJCMF
-FQJPUBBTQFSB
DPNFTUJCMF
-BDUBSJVTSVCJEVT
DPNFTUJCMF
-FQJPUBDMZQFPMBSJB
DPNFTUJCMF
BMJNFOUP
-FQJPUBEJTDJQFT
DPNFTUJCMF
DPNFTUJCMF
-FQJPUBHSBTTFJ
DPNFTUJCMF
-BDUBSJVTSVGVT
DPNFTUJCMF
-FQJPUBIFOOJOHTJJ
DPNFTUJCMF
BMJNFOUP
-FQJPUBNBEJSPLFMFOTJT
DPNFTUJCMF
DPNFTUJCMF
-FQJPUBNBTUPJEFB
DPNFTUJCMF
BMJNFOUP
-FQJPUBWFOUSJPTPTQPSB
DPNFTUJCMF
-BDUBSJVTTFTFNPUBOJ
DPNFTUJCMF
-FQJTUBDBFTQJUPTB
DPNFTUJCMF
-BDUBSJVTTVCEVMDJT
DPNFTUJCMF
-FQJTUBDBGGSPSVN
DPNFTUJCMF
-BDUBSJVTTVCJOEJHP
BMJNFOUP
-FQJTUBHMBVDPDBOB
DPNFTUJCMF
-BDUBSJVTUBO[BOJDVT
BMJNFOUP
-FQJTUBJSJOB
DPNFTUJCMF
-BDUBSJVTUPSNJOPTVT
DPNFTUJCMF
-FQJTUBMVTDJOB
DPNFTUJCMF
-BDUBSJVTUSJWJBMJT
DPNFTUJCMF
-FQJTUBOVEB
BMJNFOUP N
-BDUBSJVTWFMMFSFVT
DPNFTUJCMF
-FQJTUBQFSTPOBUB
BMJNFOUP
-BDUBSJVTWPMFNPJEFT
BMJNFOUP
-FQJTUBTPSEJEB
DPNFTUJCMF
-BDUBSJVTWPMFNVT
BMJNFOUP N
-FVDPBHBSJDVTCJTQPSVT
DPNFTUJCMF
-BDUBSJVTYFSBNQFMJOVT
BMJNFOUP
BMJNFOUP
-BDUBSJVTZB[PPFOTJT
BMJNFOUP
BMJNFOUP
-BDUPDPMMZCJBBFRVBUPSJBMJT
BMJNFOUP
-FVDPBHBSJDVTSIPEFDFQIBMVT
DPNFTUJCMF
BMJNFOUP
-FVDPDPQSJOVTDIFJNPOPDFQT
BMJNFOUP
-BNQUFSPNZDFTKBQPOJDVT
NFEJDJOBM
-FVDPDPQSJOVTEJTDPJEFVT
DPNFTUJCMF
DPNFTUJCMF N
-FVDPDPQSJOVTHBOEPVS
DPNFTUJCMF
-BOPQJMBOJQQPOJDB
DPNFTUJCMF
-FVDPDPQSJOVTJNFSJOFOTJT
DPNFTUJCMF
-BSJDJGPSNFTPGGJDJBOBMJT
DPNFTUJCMF N
-FVDPDPQSJOVTOBOJBOBF
DPNFTUJCMF
-BTJPTQIBFSBGFO[MJJ
NFEJDJOBM
-FVDPDPQSJOVTUBOFUFOTJT
DPNFTUJCMF
-FDDJOVNBVSBOUJBDVN
BMJNFOUP
-FVDPDPSUJOBSJVTCVMCJHFS
DPNFTUJCMF
-FDDJOVNDISPNBQFT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
-JHOPTVTTBDFS
NFEJDJOBM
-FDDJOVNHSJTFVN
BMJNFOUP
-JNBDFMMBHMJPEFSNB
DPNFTUJCMF
-FDDJOVNNBO[BOJUBF
DPNFTUJCMF
-JNBDFMMBJMMJOJUB
DPNFTUJCMF
-FDDJOVNPYZEBCJMF
DPNFTUJCMF
-PCBSJBQVMNPOBSJB
NFEJDJOBM
-FDDJOVNSVHPTJDFQT
DPNFTUJCMF
-PCBSJBTQ
BMJNFOUP
-FDDJOVNTDBCSVN
BMJNFOUP
-ZDPQFSEPOBTQFSVN
NFEJDJOBM
DPNFTUJCMF
-ZDPQFSEPODBOEJEVN
DPNFTUJCMF
-FDDJOVNWFSTJQFMMF
DPNFTUJCMF
-ZDPQFSEPOFOEPUFQISVN
DPNFTUJCMF
-FOUJOFMMVTDPDIMFBUVT
DPNFTUJCMF
-ZDPQFSEPOHFNNBUVN
DPNFTUJCMF
-FOUJOVMBCPSZBOB
BMJNFOUP
-ZDPQFSEPONBSHJOBUVN
DPNFTUJCMF
-FOUJOVMBFEPEFT
BMJNFOUP N
-ZDPQFSEPOPCMPOHJTQPSVN
DPNFTUJCMF
-FOUJOVMBMBUFSJUJB
DPNFTUJCMF
-ZDPQFSEPOQFDLJJ
BMJNFOUP
-FOUJOVTBSBVDBSJBF
DPNFTUJCMF
-ZDPQFSEPOQFSMBUVN
BMJNFOUP N
-FOUJOVTCSVOOFPGMPDDPTVT
DPNFTUJCMF
-ZDPQFSEPOQVTJMVN
DPNFTUJCMF N
-FOUJOVTDSJUJOVT
DPNFTUJCMF
-ZDPQFSEPOQZSJGPSNF
BMJNFOUP N
-FOUJOVTDMBEPQVT
DPNFTUJCMF
-ZDPQFSEPOSJNVMBUVN
DPNFTUJCMF
-FOUJOVTDPODIBUVT
DPNFTUJCMF
-ZDPQFSEPOTQBEJDFVN
NFEJDJOBM
-FOUJOVTDSJOJUVT
BMJNFOUP
-ZDPQFSEPOVNCSJOVN
BMJNFOUP
-FOUJOVTHMBCSBUVT
BMJNFOUP
DPNFTUJCMF
-FOUJOVTKBWBOJDVT
DPNFTUJCMF
-ZDPQFSEPOVNCSJOVNWBS
GMPDDPTVN
-FOUJOVTQSBFSJHJEVT
BMJNFOUP
-ZPQIZMMVNBHHSFHBUVN
DPNFTUJCMF
-FOUJOVTQSPMJGFS
DPNFTUJCMF
-ZPQIZMMVNDPOOBUVN
DPNFTUJCMF
-FOUJOVTTBKPSDBKV
DPNFTUJCMF
-ZPQIZMMVNEFDBTUFT
BMJNFOUP N
BMJNFOUP
-ZPQIZMMVNGVNPTVN
DPNFTUJCMF
-FOUJOVTTUSJHPTVT
BMJNFOUP
-ZPQIZMMVNPWJTQPSVN
BMJNFOUP
DPNFTUJCMF
-ZPQIZMMVNTIJNFKJ
DPNFTUJCMF
-FOUJOVTUJHSJOVT
DPNFTUJCMF
-ZPQIZMMVNTZLPTQPSVN
DPNFTUJCMF
-FOUJOVTUVCFSSFHJVN
BMJNFOUP N
-ZPQIZMMVNVMNBSJVN
DPNFTUJCMF
-ZTVSVTNPLVTJO
NFEJDJOBM
-FOUJOVTTVCOVEVT
/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
.BDSPDZCFHJHBOUFB
DPNFTUJCMF
.ZDFOBTUSVNDPSJVN
DPNFTUJCMF
.BDSPDZCFMPCBZFOTJT
BMJNFOUP
.ZDPMFQUPEPOPJEFTBJUDIJTPOJJ
DPNFTUJCMF
BMJNFOUP
NFEJDJOBM
DPNFTUJCMF
.ZSJPTDMFSPUJOJBDBSJDJT
BNQVMMBDFB
DPNFTUJCMF
/FPDMJUPDZCFCJTTJTFEB
BMJNFOUP
BMJNFOUP
/FPMFOUJOVTBEIBFSFOT
DPNFTUJCMF
.BDSPMFQJPUBFYDPSJBUBWBS
SVCFTDFOT
DPNFTUJCMF
/FPMFOUJOVTMFQJEFVT
DPNFTUJCMF
/FPMFOUJOVTQPOEFSPTVT
BMJNFOUP
.BDSPMFQJPUBHSBDJMFOUB
DPNFTUJCMF
DPNFTUJCMF
.BDSPMFQJPUBHSBDJMFOUBWBS
HPPTTFOTJBF
DPNFTUJCMF
0NQIBMJBMBQJEFTDFOT
NFEJDJOBM
0OOJBUPNFOUPTB
NFEJDJOBM
.BDSPMFQJPUBQSPDFSB
BMJNFOUP
0QIJHMPTTVNFOHFMNBOOJJ
NFEJDJOBM
.BDSPMFQJPUBQSPDFSBWBSWF[P
DPNFTUJCMF
0TTJDBVMJTMJHOBUJMJT
DPNFTUJCMF
.BDSPMFQJPUBQSPNJOFOT
DPNFTUJCMF
0UJEFBPOPUJDB
DPNFTUJCMF
.BDSPMFQJPUBQVFMMBSJT
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
0VEFNBOTJFMMB
CSVOOFPNBSHJOBUB
.BDSPMFQJPUB[FZIFSJ
DPNFTUJCMF
BMJNFOUP
.BDSPQPEJBNBDSPQVT
BMJNFOUP
0VEFNBOTJFMMBNVDJEB
DPNFTUJCMF
.BSBTNJVTBMCPHSJTFVT
DPNFTUJCMF
0VEFNBOTJFMMBWFOPTMBNFMMBUB
DPNFTUJCMF
NFEJDJOBM
1BDIZNBIPFMFO
DPNFTUJCMF
.BSBTNJVTBSCPSFTDFOT
DPNFTUJCMF
1BFDJMPNZDFTTJOFOTJT
NFEJDJOBM
.BSBTNJVTCV[VOHPMP
DPNFTUJCMF
1BOFMMVTTFSPUJOVT
DPNFTUJCMF
.BSBTNJVTDBSZPQIZMMFVT
DPNFTUJCMF
1BOFMMVTTUJQUJDVT
NFEJDJOBM
.BSBTNJVTDSJOJTFRVJ
DPNFTUJCMF
1BOVTDPODIBUVT
DPNFTUJCMF
.BSBTNJVTHSBOEJTFUVMPTVT
DPNFTUJCMF
1BOVTDSJOJUVT
DPNFTUJCMF
DPNFTUJCMF
1BOVTGMBWVT
NFEJDJOBM
.BSBTNJVTIVOHP
DPNFTUJCMF
1BSNFMJBBVTUSPTJOFOTJT
BMJNFOUP
.BSBTNJVTNBYJNVT
DPNFTUJCMF
1BSNFMJBTVMDBUB
NFEJDJOBM
.BSBTNJVTPSFBEFT
BMJNFOUP
1BYJMMVTBUSPUPNFOUPTVT
DPNFTUJCMF
.BSBTNJVTQFSTPOBUVT
DPNFTUJCMF
1BYJOBBDFUBCVMVN
BMJNFOUP
.BSBTNJVTQJQFSPEPSB
DPNFTUJCMF
1FMUJHFSBDBOJOB
NFEJDJOBM
.BSBTNJVTQVSQVSFPTUSJBUVT
DPNFTUJCMF
1FSFOOJQPSJBNVOEVMB
NFEJDJOBM
DPNFTUJCMF
1F[J[BCBEJB
BMJNFOUP
.FMBOPMFVDBBMCPGMBWJEB
DPNFTUJCMF
1F[J[BWFTJDVMPTB
DPNFTUJCMF N
.FMBOPMFVDBCSFWJQFT
DPNFTUJCMF
1IBFBOHJVNMFGFCWSFJ
DPNFTUJCMF
.FMBOPMFVDBFWFOPTB
DPNFTUJCMF
1IBFPMFQJPUBBVSFB
DPNFTUJCMF
DPNFTUJCMF
1IBFPMVTTDIXFJOJU[JJ
NFEJDJOBM
BMJNFOUP
1IBFPNBSBTNJVTBGGJOJT
DPNFTUJCMF
.FSJQJMVTHJHBOUFVT
BMJNFOUP
1IBMMVTGSBHSBOT
DPNFTUJCMF
.FSVMJVTJODBSOBUVT
BMJNFOUP
1IBMMVTJNQVEJDVT
DPNFTUJCMF N
.JDSPQPSVTBGGJOJT
DPNFTUJCMF
1IBMMVTJOEVTJBUVT
NFEJDJOBM
.JDSPQPSVTYBOUIPQVT
NFEJDJOBM
1IBMMVTUFOVJT
NFEJDJOBM
.JDSPQTBMMJPUBCSVOOFPTQFSNB
BMJNFOUP
1IFMMJOVTSJNPTVT
NFEJDJOBM
DPNFTUJCMF
1IFMMJOVTCBVNJJ
NFEJDJOBM
.PSDIFMMBDPOJDB
BMJNFOUP
1IFMMJOVTDPODIBUVT
NFEJDJOBM
.PSDIFMMBDPOJDBWBSSJHJEB
DPNFTUJCMF
1IFMMJOVTJHOJBSJVT
NFEJDJOBM
.PSDIFMMBDPTUBUB
DPNFTUJCMF
1IFMMJOVTOJHSJDBOT
NFEJDJOBM
.PSDIFMMBDSBTTJQFT
BMJNFOUP
1IFMMPSJOJBJORVJOBOT
DPNFTUJCMF
.PSDIFMMBEFMJDJPTB
DPNFTUJCMF N
1IMFCPQVTDPMPTTVT
BMJNFOUP
.PSDIFMMBFMBUB
BMJNFOUP
1IMFCPQVTTVEBOJDVT
DPNFTUJCMF
.PSDIFMMBFTDVMFOUB
BMJNFOUP N
1IPMJPUBBEJQPTB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUBWBSSPUVOEB
DPNFTUJCMF
1IPMJPUBBVSJWFMMB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUBWBSVNCSJOB
DPNFTUJCMF
1IPMJPUBBVTUSPTQVNPTB
DPNFTUJCMF
.PSDIFMMBFTDVMFOUBWBSWVMHBSJT
DPNFTUJCMF
1IPMJPUBCJDPMPS
BMJNFOUP
.PSDIFMMBJOUFSNFEJB
DPNFTUJCMF
1IPMJPUBFEVMJT
DPNFTUJCMF
.PSHBOFMMBTVCJODBSOBUB
NFEJDJOBM
1IPMJPUBIJHIMBOEFOTJT
DPNFTUJCMF
.ZDFOBBTDIJ
DPNFTUJCMF
1IPMJPUBMFOUB
BMJNFOUP
.ZDFOBCJQJOEJFOTJT
DPNFTUJCMF
1IPMJPUBMVCSJDB
DPNFTUJCMF
.ZDFOBGMBWFTDFOT
DPNFTUJCMF
1IPMJPUBOBNFLP
DPNFTUJCMF
.ZDFOBQVSB
BMJNFOUP

/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
1IPMJPUBTRVBSSPTB
DPNFTUJCMF
1PMZQPSVTSVHVMPTVT
NFEJDJOBM
1IZMMPQPSVTSIPEBYBOUIVT
DPNFTUJCMF
1PMZQPSVTTBOHVJOFVT
DPNFTUJCMF
1JDPBDBSUIVTJBOB
DPNFTUJCMF
1PMZQPSVTTBQVSFNB
BMJNFOUP
1JQUPQPSVTCFUVMJOVT
NFEJDJOBM
1PMZQPSVTTRVBNPTVT
DPNFTUJCMF
NFEJDJOBM
1PMZQPSVTTUJQJUBSJVT
BMJNFOUP
DPNFTUJCMF
1PMZQPSVTUFOVJDVMVT
DPNFTUJCMF
1MFVSPUVTBCBMPOVT
DPNFTUJCMF
1PMZQPSVTUJOPTVT
NFEJDJOBM
1MFVSPUVTDJSDJOBUVT
DPNFTUJCMF
1PMZQPSVTUSJDIPMPNB
BMJNFOUP
DPNFTUJCMF
1PMZQPSVTUVCBFGPSNJT
NFEJDJOBM
1MFVSPUVTDPODBWVT
BMJNFOUP
1PMZQPSVTUVCFSBTUFS
NFEJDJOBM
BMJNFOUP
1PMZQPSVTVNCFMMBUVT
DPNFTUJCMF N
DPNFTUJCMF
1PMZTUJDUVTVOJDPMPS
NFEJDJOBM
1MFVSPUVTEKBNPS
BMJNFOUP
1PSQIZSFMMVTBUSPCSVOOFVT
DPNFTUJCMF
1MFVSPUVTESZJOVT
BMJNFOUP
1PSQIZSFMMVTQTFVEPTDBCFS
DPNFTUJCMF
1MFVSPUVTFSZOHJJ
BMJNFOUP
BMJNFOUP
1MFVSPUVTFSZOHJJWBSGFSVMBF
DPNFTUJCMF
BMJNFOUP
1MFVSPUVTGFSVMBF
DPNFTUJCMF
1TBUIZSFMMBDPQSJOPDFQT
BMJNFOUP
1MFVSPUVTGMFYJMJT
DPNFTUJCMF
1TBUISZFMMBIZNFOPDFQIBMB
BMJNFOUP
1MFVSPUVTGMPSJEBOVT
DPNFTUJCMF
1TBUIZSFMMBQVMVMJGPSNJT
DPNFTUJCMF
1MFVSPUVTGPTTVMBUVT
DPNFTUJCMF
1TBUIZSFMMBSVHPDFQIMB
DPNFTUJCMF
1MFVSPUVTMFWJT
BMJNFOUP
1TBUIZSFMMBTQBEJDFB
DPNFTUJCMF
1MFVSPUVTOFQBMFOTJT
DPNFTUJCMF
1TFVEPDSBUFSFMMVTMBFUJDPMPS
DPNFTUJCMF
1MFVSPUVTPTUSFBUPSPTFVT
DPNFTUJCMF
1TFVEPIZEOVNHFMBUJOPTVN
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
BMJNFOUP N
1TJMPCPMFUJOVTMBSJDFUJ
DPNFTUJCMF
1MFVSPUVTPTUSFBUVT
WBSNBHOJGJDVT
DPNFTUJCMF
1TJMPDZCFTQQ
NFEJDJOBM
1TJMPDZCF[BQPUFDPSVN
DPNFTUJCMF
DPNFTUJCMF
1UZDIPWFSQBCPIFNJDB
BMJNFOUP
DPNFTUJCMF
1VMWFSPCPMFUVTBCFSSBOT
DPNFTUJCMF
1MFVSPUVTSPTFPQJMFBUVT
DPNFTUJCMF
DPNFTUJCMF N
1MFVSPUVTTBMJHOVT
DPNFTUJCMF
1ZDOPQPSVTDPDDJOFVT
NFEJDJOBM
1MFVSPUVTTBQJEVT
DPNFTUJCMF
BMJNFOUP N
1MFVSPUVTTNJUIJJ
DPNFTUJCMF
3BNBMJOBFDLMPOJJ
DPNFTUJCMF
1MFVSPUVTTQPEPMFVDVT
DPNFTUJCMF
3BNBSJBBQJDVMBUB
DPNFTUJCMF
1MFVSPUVTTRVBSSPTVMVT
BMJNFOUP
3BNBSJBBSBJPTQPSB
BMJNFOUP
1MJDBSJBCBEJB
DPNFTUJCMF
3BNBSJBBVSFB
BMJNFOUP
BMJNFOUP
3BNBSJBCPOJJ
DPNFTUJCMF
1MVUFVTDFSWJOVT
BMJNFOUP
3BNBSJBCPUSZUJT
BMJNFOUP
1MVUFVTDFSWJOVTWBSFBMBFOTJT
DPNFTUJCMF
3BNBSJBCPUSZUPJEFT
DPNFTUJCMF
1MVUFVTDPDDJOFVT
DPNFTUJCMF
3BNBSJBDZTUJEJPQIPSB
DPNFTUJCMF
1MVUFVTMFPOJOVT
DPNFTUJCMF
3BNBSJBGJTUVMPTB
DPNFTUJCMF
1MVUFVTQFMMJUVT
DPNFTUJCMF
3BNBSJBGMBWB
BMJNFOUP
1MVUFVTTVCDFSWJOVT
DPNFTUJCMF
BMJNFOUP
1MVUFVTUSJDVTQJEBUVT
DPNFTUJCMF
BMJNFOUP
1PEBCSFMMBNJDSPDBSQB
DPNFTUJCMF
3BNBSJBGMBWPCSVOOFTDFOTWBS
BVSFB
1PEBYJTQJTUJMMBSJT
DPNFTUJCMF N
3BNBSJBGPSNPTB
DPNFTUJCMF
1PEPTDZQIBOJUJEVMB
DPNFTUJCMF
3BNBSJBGVTDPCSVOOFB
BMJNFOUP
1PHPOPNZDFTIZEOPJEFT
BMJNFOUP
3BNBSJBPCUVTJTTJNB
BMJNFOUP
DPNFTUJCMF
3BNBSJBPDISBDFB
DPNFTUJCMF
1PMZQPSVTBMWFPMBSJT
NFEJDJOBM
3BNBSJBQVMDIFSSJNB
DPNFTUJCMF
1PMZQPSVTBRVPTVT
BMJNFOUP
3BNBSJBSPTFMMB
DPNFTUJCMF
1PMZQPSVTBSDVMBSJVT
BMJNFOUP
3BNBSJBSVCJHJOPTB
BMJNFOUP
1PMZQPSVTCBEJVT
DPNFTUJCMF
BMJNFOUP
1PMZQPSVTCMBODIFUJBOVT
DPNFTUJCMF
3BNBSJBTBOHVJOFB
BMJNFOUP
1PMZQPSVTCSBTJMJFOTJT
DPNFTUJCMF
3BNBSJBTUSJDUB
DPNFTUJCMF
1PMZQPSVTFMFHBOT
NFEJDJOBM
3BNBSJBTVCBVSBOUJBDB
BMJNFOUP
1PMZQPSVTHSBNNPDFQIBMVT
BMJNFOUP
3BNBSJBTVCCPUSZUJT
BMJNFOUP
1PMZQPSVTJOEJHFOVT
BMJNFOUP
3IJ[PQPHPOMVUFPMVT
DPNFTUJCMF
DPNFTUJCMF
3IJ[PQPHPOQJDFVT
DPNFTUJCMF
1PMZQPSVTNZMJUUBF
BMJNFOUP N
3IJ[PQPHPOSPTFPMVT
DPNFTUJCMF
/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
3IJ[PQPHPOSVCFTDFOT
DPNFTUJCMF
3VTTVMBRVFMFUJJ
DPNFTUJCMF
3IPEPQIZMMVTBQSJMJT
DPNFTUJCMF
3VTTVMBSPNBHOFTJBOB
BMJNFOUP
BMJNFOUP
3VTTVMBSPTBDFB
DPNFTUJCMF
3IPEPQIZMMVTDSBTTJQFT
DPNFTUJCMF
3VTTVMBSPTFB
DPNFTUJCMF
3JHJEPQPSVTTBOHVJOPMFOUVT
NFEJDJOBM
3VTTVMBSPTFPBMCB
DPNFTUJCMF
3JHJEPQPSVTVMNBSJVT
NFEJDJOBM
3VTTVMBSPTFPTUSJBUB
DPNFTUJCMF
3P[JUFTDBQFSBUVT
BMJNFOUP
3VTTVMBSVCSB
DPNFTUJCMF
3VCJOPCPMFUVTMVUFPQVSQVSFVT
DPNFTUJCMF
3VTTVMBSVCSPBMCB
DPNFTUJCMF
3VTTVMBBDJDVMPDZTUJT
DPNFTUJCMF
3VTTVMBTBOHVJOFB
BMJNFOUP
3VTTVMBBEVTUB
DPNFTUJCMF
3VTTVMBTBSEPOJB
DPNFTUJCMF
3VTTVMBBFSVHJOFB
BMJNFOUP
3VTTVMBTDIJ[PEFSNB
DPNFTUJCMF
3VTTVMBBGSPOJHSJDBOT
DPNFTUJCMF
3VTTVMBTFTF
DPNFTUJCMF
3VTTVMBBMCPOJHSB
DPNFTUJCMF
3VTTVMBTFTFOBHVMB
DPNFTUJCMF
3VTTVMBBMVUBDFB
BMJNFOUP
3VTTVMBTUSJBUPWJSJEJT
DPNFTUJCMF
3VTTVMBBNBFOEVN
DPNFTUJCMF
3VTTVMBTVCMBFWJT
DPNFTUJCMF
3VTTVMBBUSPQVSQVSFB
DPNFTUJCMF
3VTTVMBUBO[BOJBF
DPNFTUJCMF
3VTTVMBBUSPWJSFOT
DPNFTUJCMF
3VTTVMBWFTDB
DPNFTUJCMF
3VTTVMBBVSBUB
DPNFTUJCMF
3VTTVMBWJPMFJQFT
BMJNFOUP
3VTTVMBCSFWJQFT
BMJNFOUP
3VTTVMBWJSFTDFOT
BMJNFOUP N
3VTTVMBDFMMVMBUB
BMJNFOUP
3VTTVMBWJTDJEB
DPNFTUJCMF
3VTTVMBDIBNBFMFPOUJOB
DPNFTUJCMF
3VTTVMBYFSBNQFMJOB
BMJNFOUP
3VTTVMBDIMPSPJEFT
DPNFTUJCMF
4BSDPEPOBTQSBUVT
BMJNFOUP
3VTTVMBDJMJBUB
DPNFTUJCMF
4BSDPEPOJNCSJDBUVT
BMJNFOUP
3VTTVMBDPNQSFTTB
DPNFTUJCMF
4BSDPEPOMPCBUVT
DPNFTUJCMF
3VTTVMBDPOHPBOB
DPNFTUJCMF
4BSDPTDZQIBDPDDJOFB
BMJNFOUP
3VTTVMBDPOTPCSJOB
DPNFTUJCMF
4BSDPTQIBFSBFYJNJB
BMJNFOUP
3VTTVMBDZBOPYBOUIB
BMJNFOUP
4DIJ[PQIZMMVNCSFWJMBNFMMBUVN
DPNFTUJCMF
3VTTVMBDZDMPTQFSNB
DPNFTUJCMF
BMJNFOUP N
3VTTVMBEFMJDB
BMJNFOUP
4DIJ[PQIZMMVNGBTDJBUVN
DPNFTUJCMF
3VTTVMBEFOTJGPMJB
BMJNFOUP
4DMFSPEFSNBCPWPOFJ
DPNFTUJCMF
3VTTVMBEJGGVTBWBSEJGGVTB
DPNFTUJCMF
4DMFSPEFSNBDJUSJOVN
DPNFTUJCMF
3VTTVMBFCVSOFPBSFPMBUB
DPNFTUJCMF
4DMFSPEFSNBGMBWJEVN
NFEJDJOBM
3VTTVMBFNFUJDB
DPNFTUJCMF
4DMFSPEFSNBSBEJDBOT
DPNFTUJCMF
3VTTVMBFSZUISPQVT
DPNFTUJCMF
4DMFSPEFSNBUFYFOTF
DPNFTUJCMF
3VTTVMBGMBWB
DPNFTUJCMF
DPNFTUJCMF N
3VTTVMBGPFUFOT
BMJNFOUP
4DMFSPUJVNHMVDBOJDVN
NFEJDJOBM
3VTTVMBGSBHJMJT
DPNFTUJCMF
4DVUJHFSPWJOVT
DPNFTUJCMF
3VTTVMBIFJNJJ
DPNFTUJCMF
4FDPUJVNIJNBMBJDVN
DPNFTUJCMF
3VTTVMBIFUFSPQIZMMB
BMJNFOUP
4FDPUJVNTQ
NFEJDJOBM
3VTTVMBIJFNJTJMWBF
DPNFTUJCMF
4IJSBJBCBNCVTJDPMB
NFEJDJOBM
3VTTVMBMFQJEB
BMJNFOUP
4QBSBTTJTDSJTQB
BMJNFOUP
3VTTVMBMJCFSJFOTJT
DPNFTUJCMF
4QIBFSPUIBMMJBFTDVMFOUB
BMJNFOUP
3VTTVMBMVUFB
BMJNFOUP
4QPSJTPSJVNDSVFOUVN
BMJNFOUP
3VTTVMBNBDSPQPEB
DPNFTUJCMF
4UFSFPQTJTIJTDFOT
DPNFTUJCMF
3VTTVMBNBEFHBTTFOTJT
DPNFTUJCMF
4UFSFVNIJSTVUVN
NFEJDJOBM
3VTTVMBNBSJBF
BMJNFOUP
4UFSFVNNFNCSBOBDFVN
NFEJDJOBM
3VTTVMBNFYJDBOB
DPNFTUJCMF
DPNFTUJCMF
3VTTVMBNJOVUVMB
DPNFTUJCMF
4USPCJMPNZDFTDPUVSOJY
DPNFTUJCMF
3VTTVMBOJHSJDBOT
BMJNFOUP
BMJNFOUP
3VTTVMBOJUJEB
DPNFTUJCMF
4USPCJMPNZDFTWFMVUJQFT
DPNFTUJCMF
3VTTVMBPDISPMFVDB
DPNFTUJCMF
4USPQIBSJBDPSPOJMMB
BMJNFOUP
3VTTVMBPMJWBDFB
BMJNFOUP
DPNFTUJCMF
3VTTVMBPMJWBTDFOT
DPNFTUJCMF
4VJMMVTBCJFUJOVT
DPNFTUJCMF
3VTTVMBPSOBUJDFQT
DPNFTUJCMF
4VJMMVTBDJEVT
DPNFTUJCMF
3VTTVMBQFDUJOBUPJEFT
DPNFTUJCMF
4VJMMVTBNFSJDBOVT
BMJNFOUP
3VTTVMBQIBFPDFQIBMB
DPNFTUJCMF
4VJMMVTCPWJOVT
DPNFTUJCMF
3VTTVMBQTFVEPBNBFOEVN
DPNFTUJCMF
4VJMMVTCSFWJQFT
BMJNFOUP
3VTTVMBQTFVEPTUSJBUPWJSJEJT
DPNFTUJCMF
4VJMMVTDBWJQFT
BMJNFOUP
3VTTVMBQVODUBUB
DPNFTUJCMF
4VJMMVTHSBOVMBUVT
BMJNFOUP

/0.#3&$*&/5'*$0
640
/0.#3&$*&/5'*$0
640
4VJMMVTHSFWJMMFJ
DPNFTUJCMF N
5SFNFMMBNFTFOUFSJDB
DPNFTUJCMF N
4VJMMVTIJSUFMMVT
BMJNFOUP
5SFNFMMBSFUJDVMBUB
BMJNFOUP
4VJMMVTMBDUJGMVVT
DPNFTUJCMF
5SFNFMMPEFOESPOTDIXFJOJU[JJ
DPNFTUJCMF
4VJMMVTMVUFVT
BMJNFOUP N
5SFNJTDVTIFMWFMMPJEFT
DPNFTUJCMF
4VJMMVTQMBDJEVT
DPNFTUJCMF
5SJDIBQUVNUSJDIPNBMMVN
BMJNFOUP
4VJMMVTQMPSBOT
DPNFTUJCMF
5SJDIPMPNBBUSPTRVBNPTVN
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNBCBLBNBUTVUBLF
DPNFTUJCMF
4VJMMVTQVOHFOT
DPNFTUJCMF
5SJDIPMPNBDBMJHBUVN
BMJNFOUP
4VJMMVTTVCMVUFVT
DPNFTUJCMF
5SJDIPMPNBFRVFTUSF
BMJNFOUP
4VJMMVTUPNFOUPTVT
BMJNFOUP
BMJNFOUP
4VJMMVTWBSJFHBUVT
DPNFTUJCMF
5SJDIPMPNBGVMWVN
DPNFTUJCMF
4VJMMVTWJTDJEVT
DPNFTUJCMF
5SJDIPMPNBJNCSJDBUVN
DPNFTUJCMF
5FQISPDZCFBUSBUB
DPNFTUJCMF
5SJDIPMPNBKBQPOJDVN
DPNFTUJCMF
5FSGF[JBBSFOBSJB
DPNFTUJCMF
BMJNFOUP
5FSGF[JBCPVEJFSJ
DPNFTUJCMF
5SJDIPMPNBNBUTVUBLF
BMJNFOUP N
5FSGF[JBDMBWFSZJ
DPNFTUJCMF
5SJDIPMPNBNBVSJUJBOVN
DPNFTUJCMF
5FSGF[JBMFPOJT
DPNFTUJCMF
5SJDIPMPNBNPOHPMJDVN
DPNFTUJCMF
5FSGF[JBQGFJMJJ
BMJNFOUP
5SJDIPMPNBNVTDBSJVN
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNBPSJSVCFOT
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
5FSNJUPNZDFTDZMJOESJDVT
DPNFTUJCMF
5SJDIPMPNBQFTTVOEBUVNWBS
QPQVMJOVN
DPNFTUJCMF
5SJDIPMPNBQPQVMJOVN
BMJNFOUP
BMJNFOUP
DPNFTUJCMF
5FSNJUPNZDFTGVMJHJOPTVT
DPNFTUJCMF
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNBTBQPOBDFVN
DPNFTUJCMF
5FSNJUPNZDFTIFJNJJ
DPNFTUJCMF
5SJDIPMPNBTDBCSVN
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNBTFKVODUVN
BMJNFOUP
BMJNFOUP
5SJDIPMPNBTQFDUBCJMJT
DPNFTUJCMF
5FSNJUPNZDFTNFEJVT
BMJNFOUP
BMJNFOUP
BMJNFOUP N
5SJDIPMPNBUFSSFVN
DPNFTUJCMF
DPNFTUJCMF
5SJDIPMPNBVTUBMPJEFT
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNBWBDDJOVN
DPNFTUJCMF
BMJNFOUP
5SJDIPMPNPQTJTEFDPSB
DPNFTUJCMF
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
DPNFTUJCMF
WBSBVSBOUJBDVT
DPNFTUJCMF
5VCFSBFTUJWVN
BMJNFOUP
5VCFSCPSDIJJ
BMJNFOUP
BMJNFOUP
5VCFSCSVNBMF
DPNFTUJCMF
5FSNJUPNZDFTVNLPXBBOJJ
DPNFTUJCMF
5VCFSDBMJGPSOJDVN
DPNFTUJCMF
5IFMFQIPSBHBOCBKVN
BMJNFOUP
5VCFSHJCCPTVN
DPNFTUJCMF
5IFMFQIPSBQBSBHVBZFOTJT
NFEJDJOBM
5VCFSIJFNBMCVN
DPNFTUJCMF
5JSNBOJBBGSJDBOB
DPNFTUJCMF
5VCFSJOEJDVN
DPNFTUJCMF
5JSNBOJBOJWFB
DPNFTUJCMF
5VCFSNBHOBUVN
BMJNFOUP
5JSNBOJBQJOPZJ
DPNFTUJCMF
5VCFSNFMBOPTQPSVN
BMJNFOUP
5SBNFUFTBMCJEB
NFEJDJOBM
5VCFSNFTFOUFSJDVN
DPNFTUJCMF
5SBNFUFTDVCFOTJT
BMJNFOUP
5VCFSNPTDIBUVN
DPNFTUJCMF
5SBNFUFTIJSTVUB
NFEJDJOBM
5VCFSPMJHPTQFSNVN
DPNFTUJCMF
5SBNFUFTPDISBDFB
BMJNFOUP
5VCFSSVGVN
DPNFTUJCMF
5SBNFUFTPSJFOUBMJT
NFEJDJOBM
5VCFSTJOPTVN
BMJNFOUP
5SBNFUFTQVCFTDFOT
NFEJDJOBM
DPNFTUJCMF
5SBNFUFTSPCJOJPQIJMB
DPNFTUJCMF
5VMPTUPNBCSVNBMF
NFEJDJOBM
5SBNFUFTTBOHVJOFB
NFEJDJOBM
5ZMPQJMVTCBMMPVJJ
DPNFTUJCMF
5SBNFUFTTVBWFPMFOT
NFEJDJOBM
5ZMPQJMVTGFMMFVT
BMJNFOUP
5SBNFUFTWFSTJDPMPS
DPNFTUJCMF N
5ZSPNZDFTTVMQIVSFVT
NFEJDJOBM
5SFNFMMBBVSBOUJB
DPNFTUJCMF N
BMJNFOUP N
5SFNFMMBDPODSFTDFOT
DPNFTUJCMF
6NCJMJDBSJBNVFIMFOCFSHJJ
BMJNFOUP
5SFNFMMBGPMJBDFB
DPNFTUJCMF
6TOFBIJSUB
NFEJDJOBM
5SFNFMMBGVDJGPSNJT
DPNFTUJCMF N
6TUJMBHPFTDVMFOUB
BMJNFOUP N
5SFNFMMBMVUFTDFOT
DPNFTUJCMF
6TUJMBHPNBZEJT
BMJNFOUP N
/0.#3&$*&/5'*$0
640
7BOEFSCZMJBVOHVMBUB
NFEJDJOBM
7BTDFMMVNDVSUJTJJ
DPNFTUJCMF
7BTDFMMVNHVEFOJJ
DPNFTUJCMF
7BTDFMMVNJOUFSNFEJVN
BMJNFOUP
7BTDFMMVNQSBUFOTF
DPNFTUJCMF
7FSQBDPOJDB
DPNFTUJCMF
7PMWBSJFMMBCBLFSJ
DPNFTUJCMF
DPNFTUJCMF
7PMWBSJFMMBEJQMBTJB
DPNFTUJCMF
BMJNFOUP
7PMWBSJFMMBQBSWJTQPSB
DPNFTUJCMF
7PMWBSJFMMBTQFDJPTB
DPNFTUJCMF
7PMWBSJFMMBUFSBTUSJB
DPNFTUJCMF
7PMWBSJFMMBWPMWBDFB
BMJNFOUP N
8PMGJQPSJBFYUFOTB
DPNFTUJCMF N
8ZOOFMMBTJMWJDPMB
DPNFTUJCMF
9BOUIPDPOJVNTFQBSBOT
DPNFTUJCMF
9FSPDPNVTCBEJVT
BMJNFOUP
DPNFTUJCMF
DPNFTUJCMF
9FSPDPNVTSVCFMMVT
DPNFTUJCMF
9FSPDPNVTTPZFSJ
DPNFTUJCMF
9FSPDPNVTTQBEJDFVT
DPNFTUJCMF
BMJNFOUP
9FSPDPNVTWFSTJDPMPS
DPNFTUJCMF
DPNFTUJCMF N
9FSVMBSBEJDBUB
NFEJDJOBM
9ZMBSJBQBQZSJHFSB
NFEJDJOBM
9ZMBSJBQPMZNPSQIB
NFEJDJOBM
9ZMPTNBGMFYVPTVN
DPNFTUJCMF

"/&90
)POHPTDPNFTUJCMFTZNFEJDJOBMFT
RVFQVFEFOTFSDVMUJWBEPT
&TUB MJTUB EF OPNCSFT IB TJEP QSFQBSBEB B QBSUJS EF 4UBNFUT
Z $IBOH Z
.BP
&M TJHOP iu JHVBM
EFOPUB FM OPNCSF DPNP QVCMJDBEP PSJHJOBMNFOUF Z
RVF EFTEF FOUPODFT IB TVGSJEP DBNCJPT &TUB MJTUB DPOUJFOF TMP FTQFDJFT TBQSGJUBT
ZFYDMVZFMBTFTQFDJFTFDUPNJDPSS[JDBT UBMFTDPNPUSVGBT TQ5VCFS
DPOMBTDVBMFTTF
PQFSBFOTVBNCJFOUFOBUVSBM
/0.#3&$*&/5'*$0
/0.#3&$*&/5'*$0
/0.#3&$*&/5'*$0
"HBSJDVTBSWFOTJT
)FSJDJVNDPSBMMPJEFT
1BOFPMVTTVCBMUFBUVT
"HBSJDVTBVHVTUVT
)FSJDJVNFSJOBDFVN
"HBSJDVTCJTQPSVT
)ZQIPMPNBDBQOPJEFT
"HBSJDVTCJUPSRVJT
"HBSJDVTCMB[FJ
"HBSJDVTCSVOOFTDFOT
)ZQIPMPNBTVCMBUFSJUJVN
)ZQTJ[ZHVTNBSNPSFVT
1BOFPMVTUSPQJDBMJT
1IBMMVTJNQVEJDVT
1IFMMJOVTTQQ
1IPMJPUBOBNFLP
1JQUPQPSVTCFUVMJOVT
"HBSJDVTDBNQFTUSJT
*OPOPUVTPCMJRVVT
"HSPDZCFBFHFSJUB
"HSPDZCFDZMJOESBDFB
"HSPDZCFNPMFTUB
"HSPDZCFQSBFDPY
"MCBUSFMMVTTQQ
"SNJMMBSJBNFMMFB
$BMWBUJBHJHBOUFB
$PQSJOVTDPNBUVT
%BFEBMFBRVFSDJOB
%JDUZPQIPSBEVQMJDBUB
'MBNNVMJOBWFMVUJQFT
'PNFTGPNFOUBSJVT
(BOPEFSNBBQQMBOBUVN
(BOPEFSNBDVSUJTJJ
(BOPEFSNBMVDJEVN
'PNJUPQTJTPGGJDJOBMJT
-FOUJOVMBFEPEFT
-FOUJOVTTUSJHPTVT
1BOVTSVEJT
-FOUJOVTUJHSJOVT
-FOUJOVTUVCFSSFHJVN
-FQJTUBOVEB
-FQJTUBTPSEJEB
-ZPQIZMMVNGVNPTVN
-ZPQIZMMVNVMNBSJVN
)ZQTJ[ZHVTVMNBSJVN
.BDSPDZCFHJHBOUFB
5SJDIPMPNBHJHBOUFVN
.BDSPMFQJPUBQSPDFSB
.BSBTNJVTPSFBEFT
.PSDIFMMBFTDVMFOUB
1JQUPQPSVTJOEJHFOVT
1MFVSPUVTEKBNPVS
1MFVSPUVTFSZOHJJ
1MFVSPUVTFVPTNVT
1MFVSPUVTPTUSFBUVT
1MVUFVTDFSWJOVT
1PMZQPSVTJOEJHFOVT
1PMZQPSVTTBQPSFNB
1PMZQPSVTVNCFMMBUVT
%FOESPQPMZQPSVT
VNCFMMBUVT
1TJMPDZCFDZBOFTDFOT
4QBSBTTJTDSJTQB
4USPQIBSJBSVHVTPBOOVMBUB
(BOPEFSNBPSFHPOFOTF
/FPMFOUJOVTMFQJEFVT
-FOUJOVTMFQJEVT
(BOPEFSNBTJOFOTF
0MJHPQPSVTTQQ
(BOPEFSNBUFOVT
0VEFNBOTJFMMBSBEJDBUB
5SFNFMMBGVDJGPSNJT
(BOPEFSNBUTVHBF
0YZQPSVTOPCJMJTTJNVT
7PMWBSJFMMBCPNCBDZJOB
(SJGPMBGSPOEPTB
1BOFMMVTTFSPUJOVT
)PIFOCVFIFMJBTFSPUJOB
5SBNFUFTDJOOBCBSJOVN
5SBNFUFTWFSTJDPMPS
7PMWBSJFMMBWPMWBDFB
7WPMWBDFBWBSHMPJPDFQIBMB

"/&90
-PT)4$WFOEJEPTFOMPTNFSDBEPT
MPDBMFT
-PT TJHVJFOUFT FKFNQMPT TPO QSJODJQBMNFOUF EF QBTFT FO EFTBSSPMMP &T VOB QFRVFB
TFMFDDJOEFMBTNVDIBTFTQFDJFTRVFTPOWFOEJEBTFOUPEPFMNVOEP QBSUJDVMBSNFOUF
FO $IJOB -BT FTQFDJFT QPQVMBSFT UBMFT DPNP #PMFUVT FEVMJT $BOUIBSFMMVT DJCBSJVT Z
1MFVSPUVTPTUSFBUVTTFWFOEFOFONVDIPTQBTFTZOPMBTIFNPTJODMVJEP-BTFTQFDJFT
RVFTFWFOEFOFOMPTNFSDBEPTEF.BMBXJP.P[BNCJRVFTPOEJTQPOJCMFTQPSTFQBSBEP
FO FM TJUJP XFC XXXNBMBXJGVOHJPSH )BZ NFSDBEPT QBSB IPOHPT DPNFTUJCMFT FO MB
3FQCMJDB6OJEBEF5BO[BOB )SLOFO
ZFO#VSVOEJ #VZDL C
QFSPTF
OFDFTJUBVMUFSJPSJOGPSNBDJOTPCSFMBTFTQFDJFTWFOEJEBT"MHVOPTNFSDBEPTSFQPSUBO
MJTUBTDPOTMPMPTOPNCSFTMPDBMFT
JOEJDBMBTFTQFDJFTRVFTPOUBNCJODVMUJWBEBTOPFTTJFNQSFDMBSPFMPSJHFORVFUJFOFO
FOBMHVOPTNFSDBEPT
"3.&/*"
/BOBHVZMBO DPNVOJDBDJOQFSTPOBM
"HBSJDVTDBNQFTUSJT
"HBSJDVTTJMWBUJDVT
"SNJMMBSJBNFMMFB
$BMPDZCFHBNCPTB
-BDUBSJVTEFMJDJPTVT
-FQJTUBOVEB
-FQJTUBQFSTPOBUB
.BDSPMFQJPUBQSPDFSB
1MFVSPUVTFSZOHJJ
4VJMMVTHSBOVMBUVT
4VJMMVTMVUFVT
#0-*7*"
#PB DPNVOJDBDJOQFSTPOBM
%JDUZPQIPSBJOEVTJBUB
'MBNNVMJOBWFMVUJQFT
(BOPEFSNBMVDJEVN
)FSJDJVNFSJOBDFVT
)ZEOVNSFQBOEVN
-BDUBSJVTBLBIBUTV
-BDUBSJVTEFMJDJPTVT
-BDUBSJVTIBUTVEBLF
-BDUBSJVTTVCJOEJDP
-ZPQIZMMVNEFDBTUFT
1MFVSPUVTPTUSFBUVT
3BNBSJBTUSJDUB
3VTTVMBTQQ
5SJDIPMPNBNBUTVUBLF
(6"5&."-"
'MPSFT DPNVOJDBDJOQFSTPOBM
3BNBSJBBSBJPTQPSB
$)*-&
5SFNFMMBSFUJDVMBUB
.JOUFS DPNVOJDBDJOQFSTPOBM
$ZUUBSJBFTQJOPTBF
*/%*"
$)*/"
$IBNCFSMBJO )SLOFO 1SJFTU
DPNVOJDBDJOQFSTPOBM8JOLMFS
1VSLBZBTUIBZ$IBOESB
$PQSJOVTBDVNJOBUVT
"HBSJDVTCMB[FJ
*/%0/&4*"
#PMFUVT JOUIFCSPBETFOTF
%VDPVTTP #BZ5IPFO
#PMFUVTFEVMJT
$PSEZDFQTTJOFOTJT
4DMFSPEFSNBTQQ

,68"*5
"MTIFJLIZ5SBQQF
5JSNBOJBQJOPZJ
)ZHSPQIPSVTOJWFVT
)ZHSPQIPSVTSVTTVMB
."%"("4$"3
-BDDBSJBBNFUIZTUJOB
%VDPVTTP #BZ5IPFO
-BDDBSJBCJDPMPS
-BDDBSJBMBDDBUB
-BDUBSJVTEFMJDJPTVT
-BDUBSJVTJOEJHP
.9*$0
.POUPZB&TRVJWFM 7JMMBSSFBMZ1FSF[
.PSFOP BXXXTFNBSOBUHPCNY
-BDUBSJVTZB[PPFOTJT
"HBSJDVTDBNQFTUSJT
-FDDJOVNBVSBOUJBDVN
"HBSJDVTTJMWBUJDVT
-FOUJOVMBCPSZBOB
"NBOJUBDBFTBSFB
-FQJTUBOVEB
"NBOJUBDBFTBSFBWBSBNFSJDBOB
-ZDPQFSEPOQFSMBUVN
"NBOJUBGVMWB
-ZDPQFSEPOQZSJGPSNF
"NBOJUBSVCFTDFOT
-ZPQIZMMVNEFDBTUFT
"NBOJUBUV[B
-ZPQIZMMVNPWJTQPSVN
"NBOJUBWBHJOBUB
.BSBTNJVTPSFBEFT
"SNJMMBSJBNFMMFB
.PSDIFMMBDPOJDB
"SNJMMBSJBPTUPZBF
.PSDIFMMBDSBTTJQFT
"SNJMMBSJBUBCFTDFOT
.PSDIFMMBFMBUB
#PMFUVTCJDPMPSPJEFT
.PSDIFMMBFTDVMFOUB
#PMFUVTFEVMJT
1BYJOBBDFUBCVMVN
#PMFUVTGSPTUJJ
1IPMJPUBMFOUB
#PMFUVTQJOJDPMB
#PMFUVTQJOPQIJMVT
1MVUFVTDFSWJOVT
#PMFUVTSFUJDVMBUVT
3BNBSJBBVSFB
#PMFUVTWBSJJQFT
3BNBSJBCPUSZUJT
3BNBSJBSVCJHJOPTB
$BOUIBSFMMVTUVCBFGPSNJT
3IPEPQIZMMVTBCPSUJWVT &OUPMPNBBCPSUJWVN
3P[JUFTDBQFSBUVT
$ISPPHPNQIVTSVUJMVT
3VTTVMBBMVUBDFB
3VTTVMBCSFWJQFT
3VTTVMBDZBOPYBOUIB
$MBWJDPSPOBQZYJEBUB
3VTTVMBEFMJDB
$MBWVMJOBDJOFSFB
3VTTVMBNBSJBF
$MJUPDZCFDMBWJQFT
3VTTVMBPMJWBDFB
$MJUPDZCFHJCCB
3VTTVMBSPNBHOFTJBOB
$PMMZCJBESZPQIJMB
3VTTVMBYFSBNQFMJOB
4BSDPEPOJNCSJDBUVT
4BSDPTQIBFSBFYJNJB
$SBUFSFMMVTGBMMBY
4QBSBTTJTDSJTQB
&OUPMPNBDMZQFBUVN
4USPQIBSJBDPSPOJMMB
(PNQIVTDMBWBUVT
4VJMMVTBNFSJDBOVT
(PNQIVTGMPDDPTVT
4VJMMVTCSFWJQFT
(PNQIVTLBVGGNBOJJ
4VJMMVTDBWJQFT
(ZSPNJUSBJOGVMB
4VJMMVTHSBOVMBUVT
)FCFMPNBGBTUJCJMF
4VJMMVTMVUFVT
)FCFMPNBNFTPQIBFVN
)FMWFMMBBDFUBCVMB
)FMWFMMBDSJTQB
)FMWFMMBFMBTUJDB
5ZMPQJMVTGFMMFVT
)FMWFMMBJOGVMB
6TUJMBHPNBZEJT
)FMWFMMBMBDVOPTB
)ZHSPDZCFOJHSFTDFOT
"OFYP-PT)4$WFOEJEPTFOMPTNFSDBEPTMPDBMFT

/&1"-
3VTTVMBBFSVHJOFB
"EIJLBSJ "EIJLBSJZ%VSSJFV
3VTTVMBMFQJEB
$MBWVMJOBDJOFSFB
$MBWVMJOBDSJTUBUB
3VTTVMBTBOHVJOFB
3VTTVMBWJPMFJQFT
7PMWBSJFMMBWPMWBDFB
(SJGPMBGSPOEPTB
)FSJDJVNFSJOBDFVT
56326"
4BCSBZ8BMUFS
)FSJDJVNGMBHFMMVN
#PMFUVTFEVMJT
)ZEOVNSFQBOEVN
-BDDBSJBBNFUIZTUJOB
3IJ[PQPHPOTQ
-BDDBSJBMBDDBUB
5FSGF[JBCPVEJFSJ
.FSJQJMVTHJHBOUFVT
1MVUFVTDFSWJOVT
1PMZQPSVTBSDVMBSJVT
3BNBSJBBVSFB
3BNBSJBCPUSZUJT
3BNBSJBGMBWB
3BNBSJBGVTDPCSVOOFB
3BNBSJBPCUVTJTTJNB
;".#*"
1FHMFSZ1JFBSDF
"NBOJUB[BNCJBOB
-BDUBSJVTLBCBOTVT
3&1#-*$"%&.0$35*$"1016-"3-"0
)PTBLB DPNVOJDBDJOQFSTPOBM
"NBOJUBIFNJCBQIB
1BOVTSVEJT
3BNBSJBTQ
3VTTVMBTQQ
5FSNJUPNZDFTTQ
3&1#-*$"6/*%"%&5"/;"/"
)SLOFO 4BBSJNLJZ.XBTVNCJB
-BDUBSJVTLBCBOTVT
3VTTVMBDFMMVMBUB
4&/&("%VDPVTTP #BZ5IPFO

(ZSPEPOJOUFSNFEJVT
1IMFCPQVTTVEBOJDVT
5"*8/1307*/$*"%&$)*/"
,BXBHPF
6TUJMBHPFTDVMFOUB
5"*-"/%*"
+POFT 8IBMMFZZ)ZXFM+POFT
"VSJDVMBSJBTQ
$BOUIBSFMMVTNJOPS
-FOUJOVMBFEPEFT
-FOUJOVTQSBFSJHJEVT
los hongos silvestres comestibles son un grupo importante

de productos forestales no madereros. Son utilizados como
alimento y medicina y su venta proporciona ingresos
economicos a muchos usuarios de bosques y comerciantes.
Esta publicacion resume las caracterrsticas biologicas
y ecologicas de los hongos, y su ordenacion e importancia
para las poblaciones. la informacion ofrecida en

la publicacion sera de utilidad para los tecnicos forestales,
nutricionistas, planificadores de recursos naturales,
formuladores de polrticas y otras personas interesadas
que se encargan de evaluar las posibilidades
y limitaciones del uso sostenible de los hongos.

Hongos Come

Cargado por

Información del documento

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Hongos Come

Cargado por

Copyright:

Formatos disponibles

PRODUCTOS FORESTALES NO MADEREROS

PRODUCTOS FORESTALES NO MADEREROS '..

ORGANIZACION DE LAS NACIONES UNIDAS PARA LA AGRICULTURA Y LA ALiMENTACION

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

"TJB 

&VSPQB 

3FHJTUSPTQPSQBTEFMPT)46 DPNFTUJCMFT NFEJDJOBMFTZPUSPTVTPT

-PT)4$WFOEJEPTFOMPTNFSDBEPTMPDBMFT 

 3FOEJNJFOUPEFMPTIPOHPTTJMWFTUSFTFOEJGFSFOUFTQBTFT 

-VCB /BOBHVZMBO "SNFOJB

DBMDVMBEBT QPS TFQBSBEP -BT DBUFHPSBT BMJNFOUP Z DPNFTUJCMF TF

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

IPOHPT DPOUSJCVZFO B RVF MPT SCPMFT TVDDJPOFO #FUVMBDFBF

MPT UFSNJUFT )BO TJEP SFHJTUSBEBT WFJOUF FTQFDJFT

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

FM 4ZODIZUSJVN QTPQIPDBSQJ 3JGBJ

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

DPSSFHJEB EPOEF TF FODVFOUSBO UPEPT MPT /PNCSFTDJFOUGJDPTQSFGFSJEPT BDUVBMFTPiDPSSFDUPTw

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP  FTDBTBNFOUFSFQPSUBEP

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP PDIP FTDBTBNFOUFSFQPSUBEP

4FDPOTJEFSBDPNFTUJCMFFO)POH,POH $IBOHZ.BP 

$PNFTUJCMFFOFMMFKBOPFTUFEF3VTJB 7BTJMFWB 

$PNJEPFO/JHFSJB 0TP 

&O'JOMBOEJBFTDPOTJEFSBEPVOBFYRVJTJUF[ )SLOFO 

.VDIPTJOGPSNFTMPDPOTJEFSBODPNFTUJCMF QFK.BMZJ 

$BVTBDPNOEFFOWFOFOBNJFOUPFO+BQO )BMMFUBM B

$POTVNJEPFOMB3FQCMJDB6OJEBEF5BO[BOB 3BNNFMPPZ8BMMFZO 

3FQPSUBEPDPNPDPNFTUJCMF #PVSJRVFU 

3FQPSUBEPDPNPDPNFTUJCMFEFTEF*OEJBIBTUB1BLJTUO #BUSB 

$PNFTUJCMFFO/FQBM "EIJLBSJZ%VSSJFV 

$POTJEFSBEPDPNFTUJCMF 7BTJMFWB 

$PNFTUJCMFFO)POH,POH $IBOHZ.BP 

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

$POEBEPEF/JOHIVB QSPWJODJBEF'VKJBOH -JVZ:BOH 

$POTVNPEF$PSUJOBSJVTPSFMMBOVT -BNQFZ"NNJSBUJ 

5BNCJOEF1SBWEB EFNBZPEF ZUBNCJOFTUBWF[MPTFQJTPEJPT

"SUDVMPEF-PT"OHFMFT5JNFT EFKVMJPEF EJDFRVFiVOJOVTVBMBMUP

"TTPDJBUFE1SFTT GFDIBEFTDPOPDJEB XXXHFPDJUJFTDPN:PTFNJUF5SBJMT

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

"MDPOTUBUBSFTUBDPOFYJOGTJDBDPOMBTSBDFTEFVOSCPM "HSPDZCFBFHFSJUB VOBFTQFDJFTBQSGJUBDPNFTUJCMFRVF

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

3FDPMFDDJOEF)4$FOMB3FQCMJDB6OJEBEF5BO[BOB .YJDP 'FEFSBDJOEF3VTJB #IVUO 'JOMBOEJB *OEJB

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

'VFOUFT3&1#-*$"6/*%"%&5"/;"/"o)SLOFO .9*$0o#BOEBMB .POUPZBZ$IBQFMB .POUPZB&TRVJWFMFU

&O.YJDP EPOEFFYJTUFVOBDPTFDIBFYUFOTJWBDBEBBP TPOIPNCSFTZNVKFSFT&O

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

1SPNFEJPEFUPEPTMPTIPOHPTDPNFTUJCMFTFOUSFT   

'FEFSBDJOEF3VTJB i-PTIPOHPT DPNFTUJCMFT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

&TUBTDBOUJEBEFTTPOEFQSPEVDUPTQFTPGSFTDPPRVF FOBVTFODJBEFPUSBJOGPSNBDJO TFQSFTVNFRVFMPTFBO-PT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

EPDVNFOUBS MB JOGPSNBDJO EFCJEP B MBT QPRVTJNBT PQPSUVOJEBEFT EF FTUVEJBS

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

3BJ "ZBDIJZ3BJ 

)POHPT QSJODJQBMNFOUFDPNFTUJCMFT QBSUFEFFTUVEJPT

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

$FSEP CPWJOP QPMMP

&/ 46 )#*5"5

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

"TJB

&VSPQB

-PT)4$WFOEJEPTFOMPTNFSDBEPTMPDBMFT

3FOEJNJFOUPEFMPTIPOHPTTJMWFTUSFTFOEJGFSFOUFTQBTFT

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

MPT UFSNJUFT )BO TJEP SFHJTUSBEBT WFJOUF FTQFDJFT

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP FTDBTBNFOUFSFQPSUBEP

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

&TQFDJFTDPNFTUJCMFTSFQPSUBEBTEFQBTFTDPNPBMJNFOUP PDIP FTDBTBNFOUFSFQPSUBEP

4FDPOTJEFSBDPNFTUJCMFFO)POH,POH $IBOHZ.BP

$PNFTUJCMFFOFMMFKBOPFTUFEF3VTJB 7BTJMFWB

$PNJEPFO/JHFSJB 0TP

&O'JOMBOEJBFTDPOTJEFSBEPVOBFYRVJTJUF[ )SLOFO

.VDIPTJOGPSNFTMPDPOTJEFSBODPNFTUJCMF QFK.BMZJ

$BVTBDPNOEFFOWFOFOBNJFOUPFO+BQO )BMMFUBM B

$POTVNJEPFOMB3FQCMJDB6OJEBEF5BO[BOB 3BNNFMPPZ8BMMFZO

3FQPSUBEPDPNPDPNFTUJCMF #PVSJRVFU

3FQPSUBEPDPNPDPNFTUJCMFEFTEF*OEJBIBTUB1BLJTUO #BUSB

$PNFTUJCMFFO/FQBM "EIJLBSJZ%VSSJFV

$POTJEFSBEPDPNFTUJCMF 7BTJMFWB

$PNFTUJCMFFO)POH,POH $IBOHZ.BP

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

$POEBEPEF/JOHIVB QSPWJODJBEF'VKJBOH -JVZ:BOH

$POTVNPEF$PSUJOBSJVTPSFMMBOVT -BNQFZ"NNJSBUJ

5BNCJOEF1SBWEB EFNBZPEF ZUBNCJOFTUBWF[MPTFQJTPEJPT

"SUDVMPEF-PT"OHFMFT5JNFT EFKVMJPEF EJDFRVFiVOJOVTVBMBMUP

"TTPDJBUFE1SFTT GFDIBEFTDPOPDJEB XXXHFPDJUJFTDPN:PTFNJUF5SBJMT

$BSBDUFSTUJDBTCJPMPHB FDPMPHB VTPT DVMUJWBDJO

"MDPOTUBUBSFTUBDPOFYJOGTJDBDPOMBTSBDFTEFVOSCPM "HSPDZCFBFHFSJUB VOBFTQFDJFTBQSGJUBDPNFTUJCMFRVF

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

'VFOUFT3&1#-$"6/%"%&5"/;"/"o)SLOFO .9*$0o#BOEBMB .POUPZBZ$IBQFMB .POUPZB&TRVJWFMFU

&O.YJDP EPOEFFYJTUFVOBDPTFDIBFYUFOTJWBDBEBBP TPOIPNCSFTZNVKFSFT&O

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

1SPNFEJPEFUPEPTMPTIPOHPTDPNFTUJCMFTFOUSFT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

&TUBTDBOUJEBEFTTPOEFQSPEVDUPTQFTPGSFTDPPRVF FOBVTFODJBEFPUSBJOGPSNBDJO TFQSFTVNFRVFMPTFBO-PT

0SEFOBDJOMPT IPOHPTTJMWFTUSFTDPNFTUJCMFT MPTSCPMFTZMPTVTVBSJPTEFCPTRVFT

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

3BJ "ZBDIJZ3BJ

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

$FSEP CPWJOP QPMMP

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

4QQ$ZUUBSJB SFDPMFDDJOUPUBMFOVOBUFNQPSBEB QBSBWFOUBT

.BTVLB $PN

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

5FSGF[JBCPVEJFSJ TQQ#PMFUVT TQQ.PSDIFMMB $BOUIBSFMMVT B

BPTTFUFOUB #PSHIJ DPNVOJDBDJOQFSTPOBM1PSDJOJBOEPUIFSDPNNFSDJBMXJME

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

5SJDIPMPNBNBUTVUBLF5NBHOJWFMBSFQSPCBCMFNFOUF5DBMJHBUVN4FJODMVZFOGSFTDPTZDPOHFMBEPT

JODSFNFOUPFOMBTDBOUJEBEFTEFEJOFSPHBOBEBTFOFMNCJUPOBDJPOBM #PSHIJ

*NQPSUBODJBQBSBMBQPCMBDJOBMJNFOUPT CFOFGJDJPTFDPONJDPT DPNFSDJP

$VMUJWBDJOEF"HBSJDVTCJTQPPSVT $FTUBEFVOSFDPMFDUPS BMOPSUFEF (SBODBOUJEBEEF)4$WFOEJEPTFO

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

1JM[FUBM XJMEFEJCMFGVOHJ 64"

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

%FTBSSPMMBSFMQPUFODJBMQPTJCJMJEBEFT BDDJPOFT PQPSUVOJEBEFT

-JNQJBOEPMPTDIPOHDBPTFO,BOHEJOH $IJOB EVSBOUF

(BNVOEZ)PSBL .BDSPNJDFUPT MJCSPEFCPMTJMMPDPOGPUPT&OFTQBPM

1VSLBZBTUIBZ$IBOESB SFTVNFOUJMEFMBTFTQFDJFTDPNFTUJCMFT EBUPTOVUSJDJPOBMFT4JO

$PDISBO ,8 &OWFOFOBNJFOUPT EFCJEP B IPOHPT NBM JEFOUJGJDBEPT .D*MWBJOFB

(SVOFSU )Z(SVOFSU 3(PNCL<4FUBT>#VEBQFTU .BHZBS,POZWLMVC

.BSUOF[$BSSFSB % 7FSHBSB ' +VSF[ 4 "HVJMBS " 4PCBM . .BSUOF[ 8 Z

.PSFOP"SSPZP # 3FDJP +. (NF[ +Z1VMJEP &5VCFSPMJHPTQFSNVNGSPN

1BLJTUBO&DPOPNJTU#SJHIUQSPTQFDUTGPSNVTISPPNFYQPSUT IPOHPTDPMNFOJMMB .

"&5'"5 ;PNCB .BMBXJ mEFBCSJMEF 7PM QHTm;PNCB .BMBXJ

4QPMFUPQHTm4QPMFUP *UBMJB $PNVOJEBE.POUBOBEF.POUJ.BSUJOJZEF

8BOH : #VDIBOBO 1Z)BMM *"MJTUPGFEJCMFFDUPNZDPSSIJ[BMNVTISPPNT&O

4MPQPDPTJOGPSNFTIBOTJEPFTUVEJBEPT ;BLIBSZFUBM

4MPEPTCSFWFTJOGPSNFTTPODPOPDJEPT "CBUF 5VOP

4MPVOBSFGFSFODJBTPCSFMBTiUSVGBTEFMEFTJFSUPw "MTIFJLIZ5SBQQF

&YJTUFOQPDPTSFHJTUSPT 38831FFSBMMZ

/PIBZSFHJTUSPTFO38P83TJOPJOGPSNBDJPOFTJNQPSUBOUFTEF#VSVOEJ #VZDL