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9WIV+YMHIJSV

)XLIVRIX-44VSXSGSPSR)PIOXVSRMOSR'SQ&S\)


2EQI 1EVO-:9WIV+YMHI 7IVG'PEWW 
(IXEMP 9WIV+YMHI)XLIVRIX-44VSXSGSPSR)PIOXVSRMOSR'SQ&S\) /
4' 3[RIV
)HMXMSR 1SHMJMIHJVSQ 4VMRXHEXI %--
   
*EQMP] ;VMXXIRF] 'SQTEVI 6ITPEGIW (IWMKREXMSR
 '8)  
(IWMKRGLIGOIH 4VSHYGXMSRGLIGOIH %TTVSZIH (EXI 
    
%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)






(SGYQIRX-RJSVQEXMSR


)HMXMSR (EXI (IWGVMTXMSR %YXLSV
  (VEJXYTHEXI '8)4(.
  *MVWXVIPIEWI '8)4:0
  4VSXSGSPYTHEXI '8)14
  )7'SQQERHWHIPIXIH '8)4(.
8YVFSGSQQERHWHIPIXIH8YVFS)\XIVREPWIXTSMRXHIPIXIH8YVFS
7XEXYW'LERKIH
  )7M6IWIX'SQQERHEHHIH '8)4(.
)7EHHIH
)7'SQQERHW
)7RI[MXIQWEHHIH
747
-WSPEXI-RXIKVEXI'SQTVIWWSV
'SQQERHW
   
   
   
   
   
   
   
   


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




    8EFPISJ'SRXIRXW

9WIV+YMHIJSV 
)XLIVRIX-44VSXSGSPSR)PIOXVSRMOSR'SQ&S\)  
 4VIJEGI
 8LI4L]WMGEPWIXYT 
 )XLIVRIX
XLI2IX[SVO 
 %&'SQTEGX0SKM\  
 4VSJMPIHIJMRMXMSR  
 1EWXIVz7PEZIGSRGITX  
 &YJJIVWXVYGXYVI  
 ,IEHIV  
 1EWXIVXS7PEZI 
 7PEZIXS1EWXIV 
 (EXE6IGSVH
 2SHI%HHVIWW 
 )XLIVRIX4EVEQIXIV-(JSV(EXE6IEHMRK
 'SQTVIWWSVGSRRIGXMSR  
 (IXEMPIH+IRIVEP'SQTVIWWSV'SRHMXMSR 
 ''1  
 7XEXYWJSV*M\IH7TIIH%5*M\IH7TIIH)7 
 7XEXYWJSV1''
 7XEXYWJSV:7(%5:7(4)8:7(&SSWXIV>&:7(
 7XEXYWJSV>,8YVFS
 7XEXYWJSV7* 1YPXM  
 7XEXYWJSV4)8*M\IH7TIIH 
 7XEXYWJSV&((V]IV 7XERHEPSRI 
 7XEXYWJSV'((V]IV 7XERHEPSRI 
 7XEXYWJSV*(*M\IH7TIIH
*(:7((V]IV 7XERHEPSRI 
 7XEXYWJSV1(*M\IH7TIIH(V]IV 7XERHEPSRI 
 -RTYXW
3YXTYXW 
 %REPSKYI-RTYXWz7IRWSVW
'EPGYPEXIH  
 4EVEQIXIV-( 
 7IRWSV-RTYXW 
 'EPGYPEXIH ZMVXYEP -RTYXW 
 w7XEXYWxVIKMWXIV-RXIVTVIXEXMSR  
 w:EPYIxVIKMWXIV-RXIVTVIXEXMSR 
 4VIWWYVI-RTYX 
 8IQTIVEXYVI-RTYX 
 :MFVEXMSR-RTYX  
 0IZIP-RTYX  
 'SRHYGXMZMX]-RTYX 
 741-RTYX 
 'YVVIRX-RTYX 
 7TIIH-RTYX 
 (MKMXEP :SPXEKIJVIIGSRXEGXW -RTYXW 
 w7XEXYWxVIKMWXIV-RXIVTVIXEXMSR  
 w:EPYIxVIKMWXIV-RXIVTVIXEXMSR 
 %REPSKYI3YXTYXW 3RP]JSV8YVFS 
 6IKMWXIVW
 'SYRXIVW 
 'SQTVIWWSV'SYRXIVW 
 1YPXM'SQTVIWWSV'SRXVSPPIV'SYRXIVW 
 )7'SYRXIVW
 7TIGMEP
 :7(QSXSVHEXE
 )7(EXE6IEHSYX 
 %REPSKYI-RTYXW 
 (MKMXEP-RTYXW

*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 (MKMXEP3YXTYXW 
 )77]WXIQ(EXE 
 )7(EXE6IEHSYX 
 %REPSKYI-RTYXW 
 (MKMXEP-RTYXW 2SX9WIH 
 (MKMXEP3YXTYXW 2SX9WIH 
 )77XEXYW(EXE 
 )7(EXE6IEHSYX 
 7]WXIQ(EXE 
 )XLIVRIX-4TEVEQIXIVWJSVGLERKI 
 0SEH9RPSEH4VIWWYVI&ERHGLERKI 
 :7(7IXTSMRXGLERKI 
 1''4VIWWYVI&ERHGLERKI 
 )74VIWWYVI&ERHGLERKI  
 4)8096IKYPEXMSR&ERH'LERKI 
 >,8YVFS6IKYPEXMSR7IXTSMRXERH&ERH'LERKI
 )7747 
 )7-WSPEXI-RXIKVEXI'SQTVIWWSV 
 )XLIVRIX-4TEVEQIXIVWJSVVIQSXIGSRXVSP 
 'SRXVSP'SQQERHW 
 'SQTVIWWSV'SRXVSP1SHI7IPIGXMSR 
 'SQTVIWWSV'SQQERHW 
 :7(zI\XIVREPWIXTSMRXWTIIHGSRXVSP 
 6IWIX-RMXMEP7IXXMRKW %REPSKYI(MKMXEP'SYRXIV-RTYXW  


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 4VIJEGI

8LMWHSGYQIRXHIWGVMFIW%XPEW'STGSvW)PIOXVSRMOSR1O-:)XLIVRIX4VSJMPIXLEXMWYWIHF]XLI'SQ&S\)
GSQQYRMGEXMSRTVSGIWWSV

8LMWHSGYQIRXKMZIWERSZIVZMI[SJXLIGSQTSRIRXWXLEXEVIVIUYMVIHXSWIXYTERH'SQ&S\)

-RSVHIVXSJYPP]YRHIVWXERHXLMWHSGYQIRXXLIJSPPS[MRKMRJSVQEXMSRWLSYPHFIEZEMPEFPI
8IGLRMGEPRSXI,S[XSWIXYTE'%2RIX[SVO
%MVQSRMXSV-RWXEPPEXMSRVIUYMVIQIRXW 
)XLIVRIX-4C7IXYT;M^EVH9WIV+YMHI 

 8LI4L]WMGEPWIXYT
 )XLIVRIX
XLI2IX[SVO
-RXLI)PIOXVSRMOSR1O-:W]WXIQEPPGSQTVIWWSVWMRERMRWXEPPEXMSRGERFIGSRRIGXIHF]EHEXEERHSVGSRXVSPRIX[SVO
8LMWMWHSRIEGGSVHMRKXLI'SQTVIWWSV2IX[SVO'EFPMRK-RWXVYGXMSR  8LMWMRWXVYGXMSRI\TPEMRW[LEX
GSRRIGXSVWERHGEFPIWWLSYPHFIYWIHXSMRXIVGSRRIGXXLIHMJJIVIRXGSQTVIWWSVWGSRXVSPPIVWMRXLIRIX[SVO&EWMGEPP]XLMW
MWE'%2FEWIHPSGEPRIX[SVO

-RSVHIVXSWIXYTE)XLIVRIXGSRRIGXMSRXSSRISVWIZIVEPSJXLIGSQTVIWWSVWMRXLMWRIX[SVOEWTIGMEPQSHYPILEWXSFI
MRWIVXIHMRXLMWRIX[SVO


 )PIOXVSRMOSR
 'SRXVSPPIV



      ii


 '%2




 'SQ&S\)

 







)XLIVRIX-4
 

 40'






*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




%RI\EQTPISJSYVXIWXGEWI

































 )XLIVRIX-42IX[IVO
   

 '%22IX[IVO




 )XLIVRIX-42IX[IVO
   

 '%22IX[IVO


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 %&'SQTEGX0SKM\

0)'SQTEGX0SKM\¸
¸'SRXVSPPIV























*SVXIWXMRK[IYWIHXLI0)'SQTEGX0SKMG'SRXVSPPIV



*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)






 4VSJMPIHIJMRMXMSR
 1EWXIVz7PEZIGSRGITX
8LITVSJMPIMWFEWIHYTSRXLIQEWXIVWPEZITVMRGMTPI8LMWQIERWEPPGSQQYRMGEXMSRMWMRMXMEXIHF]XLIQEWXIVERHE
VITP]MWKIRIVEXIHF]XLIWPEZI 'SQ&S\) 

 &YJJIVWXVYGXYVI
8LI4VSJMPIGERFIYWIHJSVFYJJIVW[MXLHMJJIVIRXPIRKXL 8]TISJ40' 
8LIFYJJIVMWWTPMXMRXSTEVXW
› LIEHIV(-28
› HEXEWIGXMSRRHEXEVIGSVH (-28 


%XXIRXMSRRSXEPPJYRGXMSRWEPPS[QSVIXLIRHEXEVIGSVHXSFIXVERWJIVVIH&EWMGEPP]VIEHSTIVEXMSRWGERFILERHPIH
JSVWIZIVEPHEXEVIGSVHWMRG]GPI[LMPI[VMXISTIVEXMSRWEVISRP]ZEPMHJSVEWMRKPIHEXEVIGSVHEXEXMQI

 ,IEHIV
8LILIEHIVMWE(-28ZEPYI8LIMRXIVTVIXEXMSRMWHMJJIVIRXJSV1EWXIV"WPEZIERH7PEZI"1EWXIVGSQQYRMGEXMSR

 1EWXIVXS7PEZI


7]RG *YRGXMSR TEVEQIXIVW




7]RGLSVw7]RGLVSRMWEXMSRxFMXWGERFIYWIHXSW]RGLVSRMWIQEWXIVVIUYIWXWERHWPEZIERW[IVW8LIWPEZI[MPPEP[E]W
VIJPIGXXLIWEQIFMXWIUYIRGIMRMXWERW[IV WII7PEZIXS1EWXIVLIEHIV 8LMW[E]ERuSPHvERW[IVGERFIHMWXMRKYMWLIH
JVSQERI[SRI

*YRGXMSRWXLEXEVIWYTTSVXIHJSVQEWXIVXSWPEZI

:EPYI *YRGXMSR 1EWXIV"7PEZI
 2SXEWO
 6IUYIWX4EVEQIXIV:EPYI VIEH 
 %PXIV4EVEQIXIV:EPYI [VMXI 
2SXISRP]TEVEQIXIVGERFI[VMXMRKMRG]GPI
TEVEQIXIVWQYWXFI

TEVEQIXIVWRYQFIVSJHEXEVIGSVHWMRXLIQIWWEKI


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)






 7PEZIXS1EWXIV
8LILIEHIVMWWTPMXMRXSEVIEW


 7]RG *YRGXMSR )VVSVGSHI


8LIJSPPS[MRKJYRGXMSRWEVIWYTTSVXIHJSVWPEZIXSQEWXIV

:EPYI *YRGXMSR 1EWXIV"7PEZI
 2SXEWOSVRSHEXE]IX
 8VERWQMX4EVEQIXIV:EPYI W 
 8EWORSXTSWWMFPI

7]RGLSVw7]RGLVSRMWEXMSRxFMXW[MPPFIWIXMHIRXMGEPXSXLIFMXWJVSQXLIQEWXIVWPEZIVIUYIWX

)VVSV'SHI

)VVSV'SHI )\TPEREXMSR
 2S)VVSV
 'ER-RMXMEPM^MRK
 *YRGXMSRMWRSXGSVVIGX
 2YQFIVSJHEXEVIGSVHWJSVVITVSKVEQQMRKMWRSXGSVVIGX
SRP]SRIHEXEVIGSVH 
 8SSQER]TEVEQIXIVW


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 (EXE6IGSVH
)EGLHEXEVIGSVH(-28PSRKGSRXEMRWXLIJSPPS[MRKMRJS



 2SHI-( 4EVEQIXIV-( (EXE:EPYI



› 2SHI%HHVIWW(-28'%2EHHVIWWSJWPEZIXSGSRRIGXXS
› 4EVEQIXIV-((-28-(SJXLITEVEQIXIVXSVIEH[VMXI XLI)XLIVRIXEHHVIWWIWMRXLMWQERYEPEVI
HIGMQEP 
› (EXE(-28GSRXEMRMRKEGXYEPHEXE

 2SHI%HHVIWW
8LMWMWXLI)PIOXVSRMOSR1O-:'%2EHHVIWWXS SRP]YWIHJSVHIJEYPXJEGXSV]WIXXMRKWLSYPHRSXFIYWIHMR
RIX[SVO 

-JXLIVIMWRSHEXEIVVSV

  F]XI F]XI F]XI F]XI


 
 2SHI-(
  
-JXLIVIMWEHEXEIVVSV
 

 F]XI F]XI F]XI F]XI



 2SHI-( (EXE)VVSV


(EXE)VVSV  IVVSVSRXLIHEXE

4EVEQIXIV-(WLS[WXLITEVEQIXIVXLEXvWFIMRKVIUYIWXIH

(EXEZEPYI WLS[WXLIHEXESJJXLITEVEQIXIV[LIR(EXE)VVSVMW
  6IXYVRWXLIREXYVISJXLIIVVSV[LIR(EXE)VVSVMW

   :EPYI   *YRGXMSR
      2SHI-(RSXJSYRH
      4EVEQIXIVRSXJSYRH
      'SQQERHHSIWRSXI\MWX
      (EXEMWRSXZEPMH
      'ERPMROMWSJJPMRI


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 )XLIVRIX4EVEQIXIV-(JSV(EXE6IEHMRK

 'SQTVIWWSVGSRRIGXMSR

*YRGXMSRXSFIYWIH6IEH

2SHI%HHVIWW 4EVEQIXIV-( (EXE&]XIW
(-28 (-28 (-28
*  'SQTVIWWSVW'SRRIGXMSR

4EVEQIXIV &MX 
'SQTVIWWSV'SRRIGXMSR  'SQTVIWWSV[MXL2SHI-(MWJSYRH
  'SQTVIWWSV[MXL2SHI-(MWJSYRH
 i 
  'SQTVIWWSV[MXL2SHI-(MWJSYRH



*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 (IXEMPIH+IRIVEP'SQTVIWWSV'SRHMXMSR

2SHI%HHVIWW 4EVEQIXIV-( (EXE&]XIW (-28 
(-28 (-28 & & & &
  '7 ''1 '17 2SX9WIH
  '7C1'' %: +)2)6%078%897
78%897
  &3:EGXYEP -+:EGXYEP 7YVKI2V 7 ?•A
TSWMXMSR? A TSWMXMSR? A


4EVEQIXIV &MX 
+IRIVEPWXEXYW  4VIz;EVRMRK
  +IRIVEP;EVRMRK
  +IRIVEP7LYXHS[R;EVRMRK
  +IRIVEP7LYXHS[R
  +IRIVEP7IVZMGI
  +IRIVEP7XEVX*EMPYVI
  )QIVKIRG]7XST
  1ERYEP%YXSQEXMG '37 
  0SGEP6IQSXI
  8MQIV2SX%GXMZI%GXMZI
  4VI[EVRMRK7IVZMGI6YRRMRK,SYVW
  4VI[EVRMRK7IVZMGI%GGYQYPEXIH1
%:7XEXYW  7LYXHS[RXSWYVKI
  3MPLIEXIV3R
  3MP4YQT3R
  1ERYEPZEPZIGSRXVSPEGXMZI
  3TIRMRK-+:PMQMXIHHYIXSLMKLQSXSVGYVVIRX
  6IKYPEXMSR8]TI !GSRWXERXTVIWWYVI!EYXSHYEP 
  -HPMRK8MQIV !HMWEFPIH!IREFPIH 


''1 ''1E 
'SQTVIWWSV'SRXVSPPIV1SHI  ''1F 
''1I 
''1E 
''1F 
''1I 
''1E 
''1F 
''1G 7TIIHGSRXVSP  
''1H 1''  
''1I 
'17 2S:EPMH(EXE 
'SQTVIWWSV1IGLERMGEP7XEXI  7XSTTIH 
9RPSEHIH 
0SEHIH 



*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 ''1

 0SGEP'SRXVSP /I]FSEVH 

 8LMWQSHILEWZEVMERXW
  E PSGEPTVIWWYVIGSRXVSP
  F )\XIVREP0SEH9RPSEHGSRXVSP 4VIWWYVI7[MXGL 
  I Q%I\XIVREPWTIIHGSRXVSP

 6IQSXI'SRXVSP (MKMXEP 

 8LMWQSHILEWZEVMERXW
  E PSGEPTVIWWYVIGSRXVSP
  F )\XIVREP0SEH9RPSEHGSRXVSP 4VIWWYVI7[MXGL 
  I Q%I\XIVREPWTIIHGSRXVSP

 6IQSXI'SRXVSP 'SQQYRMGEXMSRVIQSXI 

 8LMWQSHILEWZEVMERXW
  E PSGEPTVIWWYVIGSRXVSP
  F VIQSXIWIXTSMRXGSRXVSP 'SRXVSPSZIV'%2 
  G VIQSXIWTIIHGSRXVSP 'SRXVSPSZIV'%2 
  H 1''GSRXVSP
  I Q%I\XIVREPWTIIHGSRXVSP




*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 7XEXYWJSV*M\IH7TIIH%5*M\IH7TIIH)7


78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  'SQTVIWWSV3JJ
'  1SXSV7XSTTIH
(  1SXSV7XSTTIH
)  %YXSQEXMGEPP]9RPSEHIH
*  %YXSQEXMGEPP]9RPSEHIH
+  %YXSQEXMGEPP]0SEHIH
,  1ERYEPP]9RPSEHIH
-  4VSKVEQQIH7XST 
.  4VSKVEQQIH7XST
/  4VSKVEQQIH7XST
0  4VSKVEQQIH7XST
1  4VSKVEQQIH7XST
2  7LYXHS[R
4  'SQTVIWWSVMW7XEVXMRK
5  'SQTVIWWSVMW7XEVXMRK
6  'SQTVIWWSVMW7XEVXMRK
7  1ERYEPP]9RPSEHIH
8  9RPSEHHYIXSSZIVTVIWWYVI
:  -RMXMEPM^MRK


 7XEXYWJSV1''


78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  6IEH]JSV7XEVX
&  'IRXVEP'SRXVSP6IKYPEXMRK
'  'IRXVEP'SRXVSP7XSTTIH
(  7XEVX-QTSWWMFPI




*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 7XEXYWJSV:7(%5:7(4)8:7(&SSWXIV>&:7(


78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  'SQTVIWWSV3JJ
'  1SXSV7XSTTIH
(  1SXSV7XSTTIH
)  1SXSV7XEVXIH
*  %YXSQEXMGEPP]9RPSEHIH
+  %YXSQEXMGEPP]7TIIH'SRXVSP
-  4VSKVEQQIH7XST 
.  4VSKVEQQIH7XST
/  4VSKVEQQIH7XST
0  1SXSV7XSTTIH
2  7LYXHS[R
4  'SQTVIWWSVMW7XEVXMRK
5  4VSKVEQQIH7XST
:  -RMXMEPM^MRK

 7XEXYWJSV>,8YVFS

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  'SQTVIWWSV3JJ
'  1SXSV7XSTTIH
(  1SXSV7XSTTIH
)  1SXSV7XEVXIH
*  %YXSQEXMGEPP]9RPSEHIH
+  %YXSQEXMGEPP]7TIIH'SRXVSP
,  1ERYEPP]9RPSEHIH 
-  4VSKVEQQIH7XST 
.  4VSKVEQQIH7XST
/  4VSKVEQQIH7XST
0  4VSKVEQQIH7XST
2  7LYXHS[R
4  'SQTVIWWSVMW7XEVXMRK
5  4VSKVEQQIH7XST
6  'SQTVIWWSVMW7XEVXMRK
7  1ERYEPP]9RPSEHIH
9  %YXSQEXMG9RPSEHHYIXS7YVKI
:  -RMXMEPM^MRK
<  1MRMQYQ0SEH
=  *YPP0SEH
>  1MRMQYQ1MRMQYQ0SEH


 7XEXYWJSV7* 1YPXM 

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  'SQTVIWWSV3JJ
+  'SQTVIWWSV6YRRMRK
:  -RMXMEPM^MRK

*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 7XEXYWJSV4)8*M\IH7TIIH


78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  'SQTVIWWSV3JJ
'  1SXSV7XSTTIH
(  1SXSV7XSTTIH
)  %YXSQEXMGEPP]9RPSEHIH
*  %YXSQEXMGEPP]9RPSEHIH
+  %YXSQEXMGEPP]PSEHIH 
,  1ERYEPP]9RPSEHIH
-  4VSKVEQQIH7XST 
.  4VSKVEQQIH7XST
/  4VSKVEQQIH7XST
0  4VSKVEQQIH7XST
1  4VSKVEQQIH7XST
2  7LYXHS[R
4  'SQTVIWWSVMW7XEVXMRK
5  'SQTVIWWSVMW7XEVXMRK
6  'SQTVIWWSVMW7XEVXMRK
7  1ERYEPP]9RPSEHIH
8  9RPSEHHYIXSSZIVTVIWWYVI
:  -RMXMEPM^MRK




*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 7XEXYWJSV&((V]IV 7XERHEPSRI 

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  7XSTTIH
%  7LMJXMRK
%  4VIWWYVIVIPMIJ
%  7XEVXFPS[IV
%  ,IEXMRK7IU QEMRSRVIKYPEXMRKSR 
%  ,IEXMRK7IU QEMRSRVIKYPEXMRKSJJ 
%  ,IEXMRK7IU QEMRSJJVIKYPEXMRKSJJ 
%  'SSPMRKFPS[IVSR
%  'SSPMRKFPS[IVSJJ
%  ,IEXMRK7IU QEMRSRVIKYPEXMRKSR 
%  ,IEXMRK7IU QEMRSRVIKYPEXMRKSJJ 
%  ,IEXMRK7IU QEMRSJJVIKYPEXMRKSJJ 
%  'SSPMRKGSSPMRKEMVZEPZISTIR
%  4VIWWYVIIUYEPMWEXMSR
%  7TPMX*PS['SSP7TPMX*PS[%HW
%  ;EMXMRK
&  7LMJXMRK
&  4VIWWYVIVIPMIJ
&  7XEVXFPS[IV
&  ,IEXMRK7IU QEMRSRVIKYPEXMRKSR 
&  ,IEXMRK7IU QEMRSRVIKYPEXMRKSJJ 
&  ,IEXMRK7IU QEMRSJJVIKYPEXMRKSJJ 
&  'SSPMRKFPS[IVSR
&  'SSPMRKFPS[IVSJJ
&  ,IEXMRK7IU QEMRSRVIKYPEXMRKSR 
&  ,IEXMRK7IU QEMRSRVIKYPEXMRKSJJ 
&  ,IEXMRK7IU QEMRSJJVIKYPEXMRKSJJ 
&  'SSPMRKGSSPMRKEMVZEPZISTIR
&  4VIWWYVIIUYEPMWEXMSR
&  7TPMX*PS['SSP7TPMX*PS[%HW
&  ;EMXMRK
2  7LYXHS[R
:  6IGSZIVMRKJVSQTS[IVJEMPYVI
:  -2-8
<  'ERFISRISJXLIWXEXIW%i&
  





*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 7XEXYWJSV'((V]IV 7XERHEPSRI 

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  (V]IVSJJ
%  )\LEYWXZIWWIP%7LMJXMRK
%  6IKIRIVEXMRKZIWWIP%
%  4VIWWYVM^MRKZIWWIP%
&  )\LEYWXZIWWIP&7LMJXMRK
&  6IKIRIVEXMRKZIWWIP&
&  4VIWWYVM^MRKZIWWIP&
;  4YVKIWEZMRK
:  4S[IV SR GLIGOMRK EYXS VIWXEVX GSRHMXMSRW
%6%:* 
  


 7XEXYWJSV*(*M\IH7TIIH
*(:7((V]IV 7XERHEPSRI 

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  (V]IVSJJ
'  (V]IVWXSTTIH
)  (V]IVWXEVXMRK
+  (V]IVVYRRMRK
2  (V]IVWLYXHS[R
4  'LIGOMRK TIVQMWWMZI WXEVX GSRHMXMSR W  (V]IV
7XEVXMRK 
:  4S[IV SR GLIGOMRK EYXS VIWXEVX GSRHMXMSRW
%6%:* 
  
  
  


 7XEXYWJSV1(*M\IH7TIIH(V]IV 7XERHEPSRI 

78%8) 78%8) (IWGVMTXMSR
REQI 2YQFIV

%  (V]IVSJJ
2  (V]IVWLYXHS[R
:  4S[IV SR GLIGOMRK EYXS VIWXEVX GSRHMXMSRW
%6%:* 
  



*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 -RTYXW
3YXTYXW
 %REPSKYI-RTYXWz7IRWSVW
'EPGYPEXIH
8LI)PIOXVSRMOSR1O-:WYTTSVXWYTXSEREPSKYIWIRWSVMRTYXWERHEHHMXMSREPEREPSKYIGEPGYPEXIH ZMVXYEP MRTYXW
)EGLMRTYXLEWEuZEPYIvERHEuWXEXYWvVIKMWXIVEWWMKRIH
8LIGSRXIRXWSJXLIWIVIKMWXIVWHITIRHSRXLIEGXYEPX]TISJWIRWSVXLEXMWGSRRIGXIH8LMWGERFIHMJJIVIRXJSVIZIV]X]TI
SJGSQTVIWWSV)KWXERHEVHGSQTVIWWSVWQE]LEZIXSTVIWWYVIMRTYXWXSXIQTIVEXYVIMRTYXWYTXS741
MRTYXWi%PWSJIEXYVIWERHSTXMSRWQE]MRGVIQIRXXLIRYQFIVSJWIRWSVWXLEXEVIEGXYEPP]MRWXEPPIHSR]SYV
GSQTVIWWSV
&IJSVIYWMRKXLI)XLIVRIX-4W]WXIQMXMWXLIVIJSVIVIUYMVIHXSJMRHSYX[LEXWIRWSVWEVIVIEPP]GSRRIGXIHXS]SYV
GSQTVIWWSVW8LMWGERIKFIHSRI[MXLXLI*(4TVSKVEQ8LMWTVSKVEQLEWEJYRGXMSRXLEXPMWXWXLIWIRWSVW
)XLIVRIX-4 YWI4VSJMFYW VIKMWXIVWJSVEWIPIGXIHGSQTVIWWSVX]TI MRGPYHMRKJIEXYVIWERHSTXMSRW 

3RGIXLIPMWXSJWIRWSVWMWORS[RXLIGSRXIRXWSJXLIVIKMWXIVWGERFIMRXIVTVIXIHEWHIWGVMFIHFIPS[

 4EVEQIXIV-(
 7IRWSV-RTYXW
*YRGXMSRXSFIYWIH6IEH

2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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 i  
  %REPSKYI-RTYXz:EPYI %REPSKYI-RTYXz7XEXYW
  %REPSKYI-RTYXz:EPYI %REPSKYI-RTYXz7XEXYW

 'EPGYPEXIH ZMVXYEP -RTYXW
*YRGXMSRXSFIYWIH6IEH

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 i  
  %REPSKYI-RTYXz:EPYI %REPSKYI-RTYXz7XEXYW






*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





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*YRGXMSR -RTYX 7IRWSV 4IVQMWWMZI 7IVZMGI 7LYXHS[R 7LYXHS[R ;EVRMRK 4VI
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&MXwx 7IX %GXMZI %GXMZI %GXMZI %GXMZI %GXMZI %GXMZI %GXMZI
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 w:EPYIxVIKMWXIV-RXIVTVIXEXMSR

8LMWHITIRHWSRXLIX]TISJMRTYXW

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*SVRIKEXMZIZEPYIWWXERHEVHGSQTPIQIRXRSXEXMSRMWYWIH

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*SVWIRWSVIVVSVXLIZEPYIXLIZEPYISV*** LI\ MWVIXYVRIH

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 8IQTIVEXYVI-RTYX
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*SVWIRWSVIVVSVXLIZEPYIXLIZEPYISV*** LI\ MWVIXYVRIH

 :MFVEXMSR-RTYX
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*SVWIRWSVIVVSVXLIZEPYIXLIZEPYISV*** LI\ MWVIXYVRIH

 0IZIP-RTYX
8LI0IZIP-RTYX:EPYIMWEF]XIMRXIKIVERHGSRXEMRWXLIEGXYEPVIEHMRKMRQQ
*SVWIRWSVIVVSVXLIZEPYIXLIZEPYISV*** LI\ MWVIXYVRIH

 'SRHYGXMZMX]-RTYX
8LI'SRHYGXMZMX]:EPYIMWEF]XIMRXIKIVERHGSRXEMRWXLIEGXYEPVIEHMRKMR™7GQ
*SVWIRWSVIVVSVXLIZEPYIXLIZEPYISV*** LI\ MWVIXYVRIH

 741-RTYX
8LI741-RTYX:EPYIMWEF]XIVIKMWXIVXLEXQYWXFIWIIREW\F]XI
› &]XIGEVTIXZEPYI MRH& 
› &]XITIEOZEPYI MRH& 


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




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741ZEPYIWGERRSXFIRIKEXMZI

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8LI'YVVIRX-RTYX:EPYIMWEF]XIMRXIKIVERHGSRXEMRWXLIEGXYEPVIEHMRKMR%
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 7TIIH-RTYX
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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 (MKMXEP :SPXEKIJVIIGSRXEGXW -RTYXW
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W]WXIQMXMWXLIVIJSVIVIUYMVIHXSJMRHSYX[LEXMRTYXWEVIYWIHSR]SYVGSQTVIWWSVW8LMWGERIKFIHSRI[MXLXLI*(4
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VIKMWXIVWJSVEWIPIGXIHGSQTVIWWSVX]TI MRGPYHMRKJIEXYVIWERHSTXMSRW 

3RGIXLIPMWXSJMRTYXWMWORS[RXLIGSRXIRXWSJXLIVIKMWXIVWGERFIMRXIVTVIXIHEWHIWGVMFIHFIPS[

*YRGXMSRXSFIYWIH6IEH

2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW
(-28 (-28 & & & &
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 i  
  (MKMXEP-RTYXz:EPYI (MKMXEP-RTYXz7XEXYW


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 &MX &MX &MX &MX &MX &MX &MX &MX
*YRGXMSR -RTYX 7IRWSV 4IVQMWWMZI 7IVZMGI 7LYXHS[R 7LYXHS[R ;EVRMRK 4VI
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:EPYIwx 7IX %GXMZI %GXMZI %GXMZI %GXMZI 2SXYWIH %GXMZI %GXMZI
:EPYIwx 2SX7IX 2SX%GXMZI 2SX%GXMZI 2SX%GXMZI 2SX%GXMZI 2SXYWIH 2SX%GXMZI 2SX%GXMZI

 w:EPYIxVIKMWXIV-RXIVTVIXEXMSR
 :EPYI (MKMXEPMRTYXMW3TIR
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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




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8LI)PIOXVSRMOSR1O-:WYTTSVXWYTXSEREPSKYISYXTYXW

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2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





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3RGIXLIPMWXSJMRTYXWMWORS[RXLIGSRXIRXWSJXLIVIKMWXIVWGERFIMRXIVTVIXIHEWHIWGVMFIHFIPS[

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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





   W      
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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)






 1YPXM'SQTVIWWSV'SRXVSPPIV'SYRXIVW
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2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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  'SQTVIWWSVGSYRXIV W
  'SQTVIWWSVGSYRXIV W
  'SQTVIWWSVGSYRXIV W


(EXEMRXIVTVIXEXMSRMWXLIWEQIEWJSVXLISXLIVGSYRXIVW

 )7'SYRXIVW

*YRGXMSRXSFIYWIH6IEH

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  'SQTVIWWSVGSYRXIV W
  'SQTVIWWSVGSYRXIV W
  'SQTVIWWSVGSYRXIV W
  'SQTVIWWSVGSYRXIV W
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(EXEMRXIVTVIXEXMSRMWXLIWEQIEWJSVXLISXLIVGSYRXIVW


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




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 :7(QSXSVHEXE
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XLIQSHFYWW]WXIQ

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2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




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4EVEQIXIV :EPYI 7IPIGXMSRW
140RYQFIV   9RMUYIVIJIVIRGIRYQFIV
%GXYEPZEPYI   %GXYEPQIEWYVIQIRXMRXIGLRMGEPYRMXW

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(IWGVMTXMSR 8]TI 140RYQFIV
2IXTVIWWYVI 4VIWWYVI?QFEVA 
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› 7IIEPWSTVIWWYVIMRTYX


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)





 (MKMXEP-RTYXW

2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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 i  
  1402YQFIVJSV(MKMXEP-RTYX 7XEXYW :EPYI



4EVEQIXIV :EPYI 7IPIGXMSRW
140RYQFIV   9RMUYIVIJIVIRGIRYQFIV
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6IQEVOW
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0SGEP6IQSXI 
747WIPIGXMSR 
747WIPIGXMSR 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 
1SXSVWXEXYW(0 
0SEHWXEXYW(0 

› 8LIXLMRTYXSJXLIVIQSXIGSRXVSP(-3)MWRSXYWIH!"7XEXYWMRWYFMRHI\[MPPFI


*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




 (MKMXEP3YXTYXW

2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
(-28 (-28 & & & &
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  1402YQFIVJSV(MKMXEP3YXTYX 7XEXYW :EPYI

4EVEQIXIV :EPYI 7IPIGXMSRW
140RYQFIV   9RMUYIVIJIVIRGIRYQFIV
7XEXYW   !RSXYWIH
!EGXMZISYXTYX
%GXYEPZEPYI   %GXYEPSYXTYXWXEXYW
!HIIRIVKM^IH!IRIVKM^IH

6IQEVOW
› *M\IHVIPEXMSRFIX[IIRWYFMRHMGIWERHTL]WMGEPMRTYX JMVWXHMKMXEPMRTYX!WYFMRHI\ 
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7]WXIQ%PEVQ 
2IX4VIWWYVI%PEVQ 
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0SEH9RPSEH(0 
0SGEP6IQSXI(0 
0SEH9RPSEH(0 
0SGEP6IQSXI(0 
0SEH9RPSEH(0 
0SGEP6IQSXI(0 
0SEH9RPSEH(0 
0SGEP6IQSXI(0 
0SEH9RPSEH(0 
0SGEP6IQSXI(0 
0SEH9RPSEH(0 



*MPI9WIV+YMHI1/-:)XLIVRIX-4HSG  4EKI

%XPEW'STGS%MVTS[IV2: )XLIVRIX4VSXSGSPJSV'SQ&S\)




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2SHI%HHVIWW 4EVEQIXIVW-( (EXE&]XIW (-28 
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747  4EVEQIXIV7IX
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