"NCJFOU&õFDUT
'MVJET
@
130&--JHIUJOHPõFSTBXJEFSBOHFPGFõFDUnVJETJOWBSJPVTEJõFSFOU
NPEFMTTDFOUTBOEQBDLBHJOH
4NPLFNBDIJOFnVJETBSFBWBJMBCMFJOMJUSFMJUSFBOEMJUSFDPOUBJ
OFSTJOUIFTVQFSTUBOEBSETUBOEBSEBOEQSPGFTTJPOBMWFSTJPOT4NBMM
CPUUMFT PG DPODFOUSBUFE BEEJUJWFT BSF BWBJMBCMF JO UIF GPMMPXJOH GSB
HSBODFTDPDPOVUBQQMFNJOUMFNPOBOEUBMD&WFSZTNBMMCPUUMFDBO
CFEJMVUFEJOMJUSFTPGnVJE
4PBQCVCCMFnVJETBSFBWBJMBCMFJOMJUSFPSMJUSFDPOUBJOFST4OPX
nVJETBSFTVQQMJFEJOMJUSFCPUUMFTSFBEZUPVTFPSJOMJUSFCPUUMFTPG
DPODFOUSBUFETPMVUJPO'PBNnVJETSFBEZUPVTFBSFBWBJMBCMFJOMJUSF
PS MJUSF DPOUBJOFST DPODFOUSBUFE TPMVUJPOT BSF TVQQMJFE JO MJUFS
CPUUMFT
"MMUIFBCPWFNFOUJPOFEnVJETBSFTVQQMJFEXJUITBGFUZTIFFUBDDPS
EJOHUPDVSSFOUJOUFSOBUJPOBMSFHVMBUJPOT
5IFTFQSPEVDUTDPNQMZXJUI$&EJSFDUJWFT
*EFOUJGJDBUJPOPGUIF1SPEVDUBOE/BNFPGUIF.BOVGBDUVSFS
$PNNFSDJBMOBNF4.0,&'-6*%
$PNNFSDJBMDPEF&.
5ZQFPGQSPEVDUBOEVTF-*26*%'034.0,&130%6$*/(."$)*/&4
%JTUSJCVUPS6OEFS-JDFODF130&-4QB7JBEFMMB3VFOJB
4BOU0NFSP 5F
5FM'BY
$PNQPTJUJPO*OGPSNBUJPO"CPVUUIF*OHSFEJFOUT
4VCTUBODFTEFFNFEEBOHFSPVTUPIFBMUIVOEFSUIF&&$EJSFDUJWFBOETVCTFRVFOUNPEJGJDBUJPOTPSGPS
XIJDIUIFSFBSFBDLOPXMFEHFEFYQPTVSFMJNJUT
$IFNJDBMQSPQFSUZQPMZIZESJDBMDPIPM
DPODFOUSBUJPOGSPNUP
)B[BSETZNCPMT
3JTLFYDFSQUT
$"4/¡
&&$/¡
0OUIFCBTJTPGLOPXMFEHFBUPVSEJTQPTBMUIJTQSPEVDUJTOPUUPCFDPOTJEFSFEBEBOHFSPVTTVCTUBODFBDDPSEJOH
UP&&$HVJEFMJOFTGPSDMBTTJGJDBUJPOBOEMBCFMMJOHBTXFMMBTGPS*UBMJBO3FHVMBUPSZ
-BX¡1SFTJEFOUJBM%FDSFFBOETVCTFRVFOUNPEJGJDBUJPOTBOETVQQMFNFOUT
5IFQSPEVDUDPOUBJOTDPNQPTJUFTJODMVEFEJOUIFBOOFYUPBSUJDMFPGUIF1SFTJEFOUJBM%FDSFFXJUI
TVCTFRVFOUNPEJGJDBUJPOT
)B[BSE*EFOUJGJDBUJPO
/PTQFDJGJFEEBOHFSIBTCFFOGPVOEJOOPSNBMVTF
'JSTU"JE4UFQT
$POUBDUXJUITLJO8BTIPGGVTJOHQMFOUZPGTPBQBOEXBUFS
$POUBDUXJUIFZFT8BTIJNNFEJBUFMZXJUIXBUFSSJOTJOHGPSBUMFBTUNJOVUFT
4XBMMPXJOH%POPUJOEVDFWPNJUJOH*..&%*"5&-:4&&,.&%*$"-"%7*$&BOETIPXUIFEPDUPSUIJTTBGFUZTIFFU
*UJTQPTTJCMFUPBENJOJTUFSBDUJWFEDBSCPOJOBXBUFSTPMVUJPOPSNFEJDJOBMNJOFSBMWBTFMJOFPJM*OIBMJOH"JSUIF
SPPN*NNFEJBUFMZSFNPWFUIFQFSTPOGSPNUIFDPOUBNJOBUFEBSFBBOELFFQSFTUFEJOBXFMMBJSFESPPN*GJMMOFTT
QFSTJTUTTFFLNFEJDBMBEWJDF
'JSF1SFWFOUJPO.FBTVSFT
3FDPNNFOEFEGJSFFYUJOHVJTIFST4QSBZFEXBUFS$0'PBN$IFNJDBMQPXEFSTEFQFOEJOHPOUIFNBUFSJBMT
JOWPMWFEJOUIFGJSF1SPIJCJUFEGJSFFYUJOHVJTIFST%POPUVTFKFUTPGXBUFS
%BOHFSTGSPNDPNCVTUJPO"WPJECSFBUIJOHJOGVNFT
.FBOTPGQSPUFDUJPO6TFCSFBUIJOHQSPUFDUJPOEFWJDFT
.FBTVSFTJO$BTFPG"DDJEFOUBM4QJMMT
1FSTPOBMQSFDBVUJPOT8FBSHMPWFTBOEQSPUFDUJWFDMPUIJOH&OWJSPONFOUBMQSFDBVUJPOT)PMECBDLUIFTQJMMXJUI
FBSUIPSTBOE*GUIFQSPEVDUIBTCFFOTQJMUJOUPBXBUFSDPVSTFESBJOPSIBTDPOUBNJOBUFEUIFTPJMPSWFHFUBUJPO
OPUJGZUIFDPNQFUFOUBVUIPSJUJFT.FUIPETPGDMFBOJOH*GUIFQSPEVDUJTJOMJRVJEGPSNQSFWFOUJUGSPNFOUFSJOH
JOUPUIFTFXFSBHFTZTUFN$PMMFDUVQUIFQSPEVDUGPSSFVTFJGQPTTJCMFPSGPSEJTQPTBM*GOFDFTTBSZTPBLJUVQ
VTJOHJOFSUNBUFSJBM0ODFUIFQSPEVDUIBTCFFOSFNPWFEXBTIUIFBGGFDUFEBSFBBOENBUFSJBMTXJUIXBUFS5IF
DPOUBNJOBUFESFTJEVFTNVTUCFEJTQPTFEPGJODPNQMJBODFXJUIUIFQSPWJTJPOTPG1SFTJEFOUJBM%FDSFFXJUI
TVCTFRVFOUNPEJGJDBUJPOT
)BOEMJOHBOE4UPSBHF
1SFDBVUJPOTXIFOIBOEMJOH"WPJEDPOUBDUBOECSFBUIJOHJOGVNFT4FFBMTPTFDUJPOCFMPX
%POPUFBUPSESJOLXIJMFVTJOH
4UPSBHFDPOEJUJPOT
*OTUSVDUJPOTGPSUIFSPPNT1SPQFSMZWFOUJMBUFESPPNT
&YQPTVSF$POUSPM1FSTPOBM1SPUFDUJPO
1SFDBVUJPOBSZNFBTVSFT8FMMWFOUJMBUFUIFBSFBTXIFSFUIF
QSPEVDUJTTUPSFEBOEPSIBOEMFE
3FTQJSBUPSZQSPUFDUJPO
6OOFDFTTBSZGPSOPSNBMVTF
*GUIFWFOUJMBUJPOJTJOTVGGJDJFOUVTFCSFBUIJOHFRVJQNFOUTQFDJGJDBMMZGPSGJMUFSJOHPVU
PSHBOJDTPMWFOUT
1SPUFDUJPOGPSIBOET8FBSTVJUBCMFHMPWFT
1SPUFDUJPOPGFZFT6TFGVMMQSPUFDUJPOTBGFUZFZFXFBS
1SPUFDUJPOPGTLJO/PTQFDJBMQSFDBVUJPOUPCFUBLFOGPSOPSNBMVTF
&YQPTVSFMJNJUTUPUIFTVCTUBDFTJODMVEFE0WFSNHNGPSBOBMPHJFTXJUIFUIZMFOFHMZDPM
$IFNJDBMBOE1IZTJDBM1SPQFSUJFT
"TQFDUBOEDPMPVS$0-063-&44034-*()5-::&--08-*26*%
0EPVS0%063-&44
.FMUJOHQPJOU ¡$
#PJMJOHQPJOU ¡$
'MBTIQPJOU
¡$
4UFBNUFOTJPONN)HBU¡$
.JYJOHXJUIXBUFS'VMMZNJYBCMF
4UBCJMJUZBOE3FBDUJWJUZ
$POEJUJPOTUPBWPJE4UBCMFJOOPSNBMDPOEJUJPOT
4VCTUBODFTUPBWPJE/POFJOQBSUJDVMBS
%BOHFSTPGEFDPNQPTJUJPO
.BYJNVNSFDPNNFOEFETUPSBHFUJNFoNPOUIT
5PYJDPMPHJDBM*OGPSNBUJPO
-% SBUPSBMNMLH
5IFQSPEVDUJTOPUQBSUJDVMBSMZEBOHFSPVT
4XBMMPXJOHTJHOJGJDBOURVBOUJUJFTPGUIFQSPEVDUDBODBVTFHBTUSPFOUFSJDJSSJUBUJPOBOECFBEFQSFTTBOUUPUIF
OFSWPVTTZTUFN
&DPMPHJDBM*OGPSNBUJPO
"QQMZOPSNBMHPPEXPSLQSBDUJDFTCZEJTQPTJOHPGUIFQSPEVDUJOBVUIPSJTFEQMBDFT
3FNBSLTPO%JTQPTBM
%POPUEJTQPTFPGQSPEVDUJOVOBVUIPSJTFEQMBDFT$PNQMZXJUIMPDBMPSOBUJPOBMDVSSFOUQSPWJTJPOT
*OGPSNBUJPOPO5SBOTQPSUJOH
3*%"%3/PUDMBTTJGJFE
*OGPSNBUJPOPO3FHVMBUJPOT
.JOJTUFSJBM%FDSFF $MBTTJGJDBUJPOBOE-BCFMMJOH5IJTQSFQBSBUJPOJTOPUUPCFDPOTJEF
SFEEBOHFSPVT8IFSFBQQMJDBCMFSFGFSUPUIFGPMMPXJOHSFHVMBUJPOT1SFTJEFOUJBM%FDSFF
)FBMUIDPOUSPMT.JOJTUFSJBMDJSDVMBSTBOE "SPNBUJDDPSFT-BX #JPEFHSBEBCJMJUZPGEFUFSHFOUT
1SFTJEFOUJBM%FDSFF 4FWFTP%JSFDUJWF"OOFY*****BOE*7
1SFTJEFOUJBM%FDSFF -BCFMMJOHEFUFSHFOUT*ODPNQJMJOHUIJTTBGFUZTIFFUUIFQSPWJTJPOTPG-BX%FDSFF
BSUJDMFTBOEXFSFCPSOFJONJOE
0UIFS*OGPSNBUJPOT
.BJOCJCMJPHSBQIJDBMTPVSDFT/*04)3FHJTUSZPGUPYJDFGGFDUTPGDIFNJDBMTVCTUBODFT i%BOHFSPVTQSPQFS
UJFTPG*OEVTUSJBM.BUFSJBMTwCZ/*SWJOH4BY5IFJOGPSNBUJPODPOUBJOFEIFSFJOJTCBTFEPOPVSFYQFSJFODFBUUIF
EBUFTIPXOBCPWF*USFGFSTTPMFMZUPUIFQSPEVDUJOEJDBUFEBOEEPFTOPUSFQSFTFOUBHVBSBOUFFPGTQFDJBMRVBMJUZ
5IFVTFSJTPCMJHFEUPFOTVSFUIFTVJUBCJMJUZ
BOETVGGJDJFODZPGUIJTJOGPSNBUJPOJOSFMBUJPOUPUIFTQFDJGJDVTFUPCFNBEFPGUIFQSPEVDU
5IJTTIFFUDBODFMTBOESFQMBDFTBMMQSFWJPVTTIFFUT
'PSGVSUIFSJOGPSNBUJPODPOUBDU
130&-4QB
7JBBMMB3VFOJB
4BOUh0NFSP 5F*UBMZ
5FM'BY
&NBJMJOGP!QSPFMHSPVQDPN
4BGFUZ4IFFU
.PEFM
1--',44
4NPLF'MVJE4VQFSTUBOEBSE,H
1--',
4NPLF'MVJE,H5BOL
1--',
4NPLF'MVJE,H5BOL
1--',
4NPLF'MVJE,H5BOL
1--',1
1SPGFTTJPOBM4NPLF'MVJE,H5BOL
1--',1
1SPGFTTJPOBM4NPLF'MVJE,H5BOL
1--/,
4OPX'MVJE,H5BOL
1--/,
4OPX'MVJE,H5BOL
1--/,$
$PODFOUSBUF4OPX'MVJE,H5BOL
1--4,
'PBN'MVJE,H5BOL
1--4,
'PBN'MVJE,H5BOL
1--4,$
$PODFOUSBUF'PBN'MVJE,H5BOL
1--#,
#VCCMF'MVJE,H5BOL
1--#,
#VCCMF'MVJE,H5BOL
1--),
)B[F'MVJE,H
1--),
)B[F'MVJE,H
1--",$
$0$0/65QFSGVNFGPSTNPLFnVJE
1--","
"11-&QFSGVNFGPSTNPLFnVJE
1--",.
.*/5QFSGVNFGPSTNPLFnVJE
1--",-
-&.0/QFSGVNFGPSTNPLFnVJE
1--",5
5"-$QFSGVNFGPSTNPLFnVJE