
E
'LETXIV

%TTPMGEXMSR
0SGEPM^EXMSR
XXLIXMQISJXLMW[VMXMRKXLIM4LSRIMWSV[MPPWSSRFIEZEMPEFPIMRHMJJIV
IRXGSYRXVMIWERHXLEXRYQFIV[MPPSFZMSYWP]MRGVIEWISZIVXMQI=SYGERRS[
FY]ERHYWIERM4LSRISRIZIV]GSRXMRIRXI\GITX%RXEVGXMGE-J]SYTPERSR
VIPIEWMRKETTPMGEXMSRWXLVSYKLXLIM4LSRI%TT7XSVI]SYVTSXIRXMEPQEVOIXMW
GSRWMHIVEFP]PEVKIVXLERNYWXTISTPIMR]SYVS[RGSYRXV][LSWTIEO]SYVS[R
PERKYEKI*SVXYREXIP]M4LSRILEWEVSFYWXPSGEPM^EXMSREVGLMXIGXYVIXLEXPIXW
]SYIEWMP]XVERWPEXI]SYVETTPMGEXMSRSVLEZIMXXVERWPEXIHF]SXLIVWMRXSRSX
SRP]QYPXMTPIPERKYEKIWFYXIZIRMRXSQYPXMTPIHMEPIGXWSJXLIWEQIPERKYEKI
;ERXXSTVSZMHIHMJJIVIRXXIVQMRSPSK]XS)RKPMWLWTIEOIVWMRXLI9RMXIH/MRK
HSQXLER]SYHSXS)RKPMWLWTIEOIVWMRXLI9RMXIH7XEXIW#2STVSFPIQ
8LEXMWRSTVSFPIQEXEPPMJ]SYvZI[VMXXIR]SYVGSHIGSVVIGXP]6IXVSJMXXMRKERI\MWX
MRKETTPMGEXMSRXSWYTTSVXPSGEPM^EXMSRMWQYGLLEVHIVXLER[VMXMRK]SYVETTPMGEXMSR
XLEX[E]JVSQXLIWXEVX-RXLMWGLETXIV[IvPPWLS[]SYLS[XS[VMXI]SYVGSHIWSMX
MWIEW]XSPSGEPM^IERHXLIR[IvPPKSEFSYXPSGEPM^MRKEWEQTPIETTPMGEXMSR
0SGEPM^EXMSR%VGLMXIGXYVI
;LIRERSRPSGEPM^IHETTPMGEXMSRMWVYREPPSJXLIETTPMGEXMSRvWXI\X[MPPFI
TVIWIRXIHMRXLIHIZIPSTIVvWS[RPERKYEKIEPWSORS[REWXLIHIZIPSTQIRX
FEWIPERKYEKI
;LIRHIZIPSTIVWHIGMHIXSPSGEPM^IXLIMVETTPMGEXMSRXLI]GVIEXIEWYFHMVIGXSV]MR
XLIMVETTPMGEXMSRFYRHPIJSVIEGLWYTTSVXIHPERKYEKI)EGLPERKYEKIvWWYFHMVIG
XSV]GSRXEMRWEWYFWIXSJXLIETTPMGEXMSRvWVIWSYVGIWXLEX[IVIXVERWPEXIHMRXSXLEX
PERKYEKI)EGLWYFHMVIGXSV]MWGEPPIHEPSGEPM^EXMSRTVSNIGXEPWSGEPPIHEPSGEPM^E
XMSRJSPHIV0SGEPM^EXMSRJSPHIVREQIWEP[E]WIRH[MXLXLII\XIRWMSRPTVSN
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR


-RXLI7IXXMRKWETTPMGEXMSRXLIYWIVLEWXLIEFMPMX]XSWIXXLIPERKYEKIERHVIKMSRJSVQEX
*SVI\EQTPIMJXLIYWIVvWPERKYEKIMW)RKPMWLEZEMPEFPIVIKMSRWQMKLXFI9RMXIH7XEXIW
%YWXVEPMESV,SRK/SRK{EPPVIKMSRWMR[LMGL)RKPMWLMWWTSOIR
;LIREPSGEPM^IHETTPMGEXMSRRIIHWXSPSEHEVIWSYVGIWYGLEWERMQEKITVSTIVX]PMWXSVRMF
XLIETTPMGEXMSRGLIGOWXLIYWIVvWPERKYEKIERHVIKMSRERHPSSOWJSVEPSGEPM^EXMSRJSPHIVXLEX
QEXGLIWXLEXWIXXMRK-JMXJMRHWSRIMX[MPPPSEHXLIPSGEPM^IHZIVWMSRSJXLIVIWSYVGIMRWXIEH
SJXLIFEWIZIVWMSR
*SVYWIVW[LSWIPIGXIH*VIRGLEWXLIMVM4LSRIWvPERKYEKIERH*VERGIEWXLIMVVIKMSRXLI
ETTPMGEXMSR[MPPPSSOJMVWXJSVEPSGEPM^EXMSRJSPHIVREQIHJVC*6PTVSN8LIJMVWXX[SPIXXIVWSJXLI
JSPHIVREQIEVIXLI-73X[SHMKMXGSHIXLEXVITVIWIRXWXLI*VIRGLPERKYEKI8LIX[SPIXXIVW
JSPPS[MRKXLIYRHIVWGSVIEVIXLI-73GSYRXV]GSHIXLEXVITVIWIRXW*VERGI
-JXLIETTPMGEXMSRGERRSXJMRHEQEXGLYWMRKXLIX[SHMKMXGSHIMX[MPPPSSOJSVEQEXGLYWMRKXLI
-73XLVIIHMKMXGSHI%PPPERKYEKIWLEZIXLVIIHMKMXGSHIW3RP]WSQILEZIX[SHMKMXGSHIW
238)
=SYGERJMRHEPMWXSJXLIGYVVIRX-73GSYRXV]GSHIWSRXLI-73[IFWMXI&SXLXLIX[SERHXLVIIHMKMX
GSHIWEVITEVXSJXLI-73WXERHEVH
LXXT[[[MWSSVKMWSGSYRXV]CGSHIWLXQ

-RSYVTVIZMSYWI\EQTPIMJXLIETTPMGEXMSR[EWYREFPIXSJMRHXLIJSPHIVREQIHJVC*6PTVSN
MX[MPPPSSOJSVEPSGEPM^EXMSRJSPHIVREQIHJVIC*6SVJVEC*6%PPPERKYEKIWLEZIEXPIEWXSRI
XLVIIHMKMXGSHIWSQILEZIX[SXLVIIHMKMXGSHIWSRIJSVXLI)RKPMWLWTIPPMRKSJXLIPER
KYEKIERHSRIJSVXLIREXMZIWTIPPMRK;LIREPERKYEKILEWFSXLEX[SHMKMXGSHIERH
EXLVIIHMKMXGSHIYWIXLIX[SHMKMXGSHI
-JXLIETTPMGEXMSRGERRSXJMRHEJSPHIVXLEXMWERI\EGXQEXGLMX[MPPXLIRPSSOJSVEPSGEPM^EXMSR
JSPHIVMRXLIETTPMGEXMSRFYRHPIXLEXQEXGLIWNYWXXLIPERKYEKIGSHI[MXLSYXXLIVIKMSRGSHI
7SWXE]MRK[MXLSYV*VIRGLWTIEOMRKTIVWSRJVSQ*VERGIXLIETTPMGEXMSR[SYPHRI\XPSSOJSV
EPSGEPM^EXMSRTVSNIGXGEPPIHJVPTVSN-JMXHMHRvXJMRHEPERKYEKITVSNIGX[MXLXLEXREQIMX[SYPH
XV]PSSOMRKJSVJVIPTVSNXLIRJVEPTVSN-JRSRISJXLSWI[IVIJSYRHMX[SYPHPSSOJSV*VIRGLPTVSN
8LIPEWXGSRWXVYGXI\MWXWXSWYTTSVXPIKEG]1EG37<ETTPMGEXMSRWERHKIRIVEPP]WTIEOMRK]SY
WLSYPHEZSMHMXXLSYKLXLIVIMWERI\GITXMSRXSXLEXVYPIXLEX[IvPPPSSOEXPEXIVMRXLMWGLETXIV

-JXLIETTPMGEXMSRHSIWRvXJMRHEPERKYEKITVSNIGXXLEXQEXGLIWIMXLIVXLIPERKYEKIVIKMSR
GSQFMREXMSRSVNYWXXLIPERKYEKIMX[MPPYWIXLIVIWSYVGIWJVSQXLIHIZIPSTQIRXFEWIPER
KYEKI-JMXHSIWJMRHERETTVSTVMEXIPSGEPM^EXMSRTVSNIGXMX[MPPEP[E]WPSSOXLIVIJMVWXJSVER]
VIWSYVGIWXLEXMXRIIHW-J]SYPSEHE
9--QEKI
YWMRK
MQEKI2EQIH
JSVI\EQTPIMX[MPPPSSO
JMVWXJSVERMQEKI[MXLXLIWTIGMJMIHREQIMRXLIPSGEPM^EXMSRTVSNIGX-JMXJMRHWSRIMX[MPPYWI
MX-JMXHSIWRvXMX[MPPJEPPFEGOXSXLIFEWIPERKYEKIVIWSYVGI
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR

-JERETTPMGEXMSRLEWQSVIXLERSRIPSGEPM^EXMSRTVSNIGXXLEXQEXGLIWJSVI\EQTPIETVSNIGX
GEPPIHJVC*6PTVSNERHSRIGEPPIHJVPTVSNMX[MPPPSSOJMVWXMRXLIQSVIWTIGMJMGQEXGLMRXLMWGEWI
JVC*6PTVSN-JMXHSIWRvXJMRHXLIVIWSYVGIXLIVIMX[MPPPSSOMRXLIJVPTVSN8LMWKMZIW]SYXLIEFMPMX]
XSTVSZMHIVIWSYVGIWGSQQSRXSEPPWTIEOIVWSJEPERKYEKIMRSRIPERKYEKITVSNIGXPSGEPM^MRK
SRP]XLSWIVIWSYVGIWXLEXEVIMQTEGXIHF]HMJJIVIRGIWMRHMEPIGXSVKISKVETLMGVIKMSR
=SYSRP]LEZIXSPSGEPM^IVIWSYVGIWXLEXEVIEJJIGXIHF]PERKYEKISVGSYRXV]-JERMQEKIMR]SYV
ETTPMGEXMSRLEWRS[SVHWERHMXWQIERMRKMWYRMZIVWEPXLIVIvWRSRIIHXSPSGEPM^IXLEXMQEKI
9WMRK7XVMRK*MPIW
;LEXHS[IHSEFSYXWXVMRKPMXIVEPWERHWXVMRKGSRWXERXWMR]SYVWSYVGIGSHI#'SRWMHIVXLMW
WSYVGIGSHIJVSQXLITVIZMSYWGLETXIV
9-%PIVX:MI[EPIVX!??9-%PIVX:MI[EPPSGA
MRMX;MXL8MXPI$)VVSVEGGIWWMRKTLSXSPMFVEV]
QIWWEKI$(IZMGIHSIWRSXWYTTSVXETLSXSPMFVEV]
HIPIKEXIRMP
GERGIP&YXXSR8MXPI$(VEX
SXLIV&YXXSR8MXPIWRMPA
?EPIVXWLS[A
?EPIVXVIPIEWIA

-J[IvZIKSRIXLVSYKLXLIIJJSVXSJPSGEPM^MRKSYVETTPMGEXMSRJSVETEVXMGYPEVEYHMIRGI[I
GIVXEMRP]HSRvX[ERXXSFITVIWIRXMRKEPIVXW[VMXXIRMRXLIHIZIPSTQIRXFEWIPERKYEKI
8LIERW[IVMWXSWXSVIXLIWIWXVMRKWMRWTIGMEPXI\XJMPIWGEPPWXVMRKJMPIW7XVMRKJMPIWEVIRSXL
MRKQSVIXLER9RMGSHI98*XI\XJMPIWXLEXGSRXEMREPMWXSJWXVMRKTEMVWIEGLMHIRXMJMIHF]
EGSQQIRX
,IVIMWERI\EQTPISJ[LEXEWXVMRKWJMPIQMKLXPSSOPMOIMR]SYVETTPMGEXMSR
9WIHXSEWOXLIYWIVLMWLIVJMVWXREQI
*MVWX2EQI!*MVWX2EQI
9WIHXSKIXXLIYWIVvWPEWXREQI
0EWX2EQI!0EWX2EQI
9WIHXSEWOXLIYWIVvWFMVXLHEXI
&MVXLHE]!&MVXLHE]
8LIZEPYIWFIX[IIRXLI

ERHXLI

GLEVEGXIVWEVINYWXGSQQIRXWJSVXLIXVERWPEXSV8LI]
EVIRSXYWIHMRXLIETTPMGEXMSRERHGERWEJIP]FII\GPYHIHXLSYKLXLI]vVIEKSSHMHIE
8LI]KMZIGSRXI\XWLS[MRKLS[ETEVXMGYPEVWXVMRKMWFIMRKYWIHMRXLIETTPMGEXMSR
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR

=SYvPPRSXMGIXLEXIEGLPMRIPMWXWXLIWEQIWXVMRKX[MGI8LIWXVMRKSRXLIPIJXWMHISJXLIIUYEPW
WMKREGXWEWEOI]ERHMX[MPPEP[E]WGSRXEMRXLIWEQIZEPYIVIKEVHPIWWSJPERKYEKI8LIZEPYI
SRXLIVMKLXWMHISJXLIIUYEPWWMKRMWXLISRIXLEXKIXWXVERWPEXIHXSXLIPSGEPPERKYEKI7S
XLITVIGIHMRKWXVMRKWJMPIPSGEPM^IHMRXS*VIRGLQMKLXPSSOPMOIXLMW
9WIHXSEWOXLIYWIVLMWLIVJMVWXREQI
*MVWX2EQI!4VÍRSQ
9WIHXSKIXXLIYWIVvWPEWXREQI
0EWX2EQI!2SQHIJEQMPPI
9WIHXSEWOXLIYWIVvWFMVXLHEXI

&MVXLHE]!%RRMZIVWEMVI
'VIEXMRKXLI7XVMRKW*MPI
=SY[SRvXEGXYEPP]GVIEXIXLIWXVMRKWJMPIF]LERH-RWXIEH]SYvPPIQFIHEPPPSGEPM^EFPIXI\X
WXVMRKWMREWTIGMEPQEGVSMR]SYVGSHI3RGI]SYVWSYVGIGSHIMWJMREPERHVIEH]JSVPSGEPM^E
XMSR]SYvPPVYREGSQQERHPMRITVSKVEQREQIH
KIRWXVMRKW
[LMGL[MPPWIEVGLEPP]SYV
GSHIJMPIWJSVSGGYVVIRGIWSJXLIQEGVSTYPPMRKSYXEPPXLIWXVMRKWERHIQFIHHMRKXLIQMR
EPSGEPM^EFPIWXVMRKWJMPI
,IVIvWLS[XLIQEGVS[SVOW0IXvWWXEVX[MXLEXVEHMXMSREPWXVMRKHIGPEVEXMSR
277XVMRKQ]7XVMRK!$*MVWX2EQI
8SQEOIXLMWWXVMRKPSGEPM^EFPI]SYvPPHSXLMWMRWXIEH
277XVMRKQ]7XVMRK!270SGEPM^IH7XVMRK$*MVWX2EQI
$9WIHXSEWOXLIYWIVLMWLIVJMVWXREQI
8LI
270SGEPM^IH7XVMRK
QEGVSXEOIWX[STEVEQIXIVW8LIJMVWXMWXLIWXVMRKZEPYIMRXLI
FEWIPERKYEKI-JXLIVIMWRSPSGEPM^EXMSRXLIETTPMGEXMSR[MPPYWIXLMWWXVMRK8LIWIGSRH
TEVEQIXIV[MPPFIYWIHEWEGSQQIRXMRXLIWXVMRKWJMPI
270SGEPM^IH7XVMRK
PSSOWMRXLIETTPMGEXMSRFYRHPIMRWMHIXLIETTVSTVMEXIPSGEPM^EXMSR
TVSNIGXJSVEWXVMRKWJMPIREQIHPSGEPM^EFPIWXVMRKW-JMXHSIWRSXJMRHXLIJMPIMXVIXYVRWMXWJMVWX
TEVEQIXIVERHXLIWXVMRK[MPPETTIEVMRXLIHIZIPSTQIRXFEWIPERKYEKI7XVMRKWEVIX]TM
GEPP]HMWTPE]IHSRP]MRXLIFEWIPERKYEKIHYVMRKHIZIPSTQIRXWMRGIXLIETTPMGEXMSR[MPPRSX
]IXFIPSGEPM^IH
-J
270SGEPM^IH7XVMRK
JMRHWXLIWXVMRKWJMPIMXWIEVGLIWXLIJMPIJSVEPMRIXLEXQEXGLIWXLI
JMVWXTEVEQIXIV-RXLITVIGIHMRKI\EQTPI
270SGEPM^IH7XVMRK

[MPPWIEVGLXLIWXVMRKWJMPIJSV
XLIWXVMRK
*MVWX2EQI
-JMXHSIWRvXJMRHEQEXGLMRXLIPSGEPM^EXMSRTVSNIGXXLEXQEXGLIW
XLIYWIVvWPERKYEKIWIXXMRKWMX[MPPXLIRPSSOJSVEWXVMRKWJMPIMRXLIFEWIPERKYEKIERHYWI
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR

XLIZEPYIXLIVI-JXLIVIMWRSWXVMRKWJMPIMX[MPPNYWXYWIXLIJMVWXTEVEQIXIV]SYTEWWIHXSXLI
270SGEPM^IH7XVMRK
QEGVS
0IXvWXEOIEPSSOEXXLMWTVSGIWWMREGXMSR
6IEP;SVPHM4LSRI0SGEPM^MRK=SYV%TTPMGEXMSR
;IvVIKSMRKXSGVIEXIEWQEPPETTPMGEXMSRXLEXHMWTPE]WXLIYWIVvWGYVVIRXPSGEPI%PSGEPIER
MRWXERGISJ
270SGEPI
VITVIWIRXWFSXLXLIYWIVvWPERKYEKIERHVIKMSR-XMWYWIHF]XLIW]W
XIQXSHIXIVQMRI[LEXPERKYEKIXSYWI[LIRMRXIVEGXMRK[MXLXLIYWIVERHXSHIXIVQMRI
LS[XSHMWTPE]HEXIWGYVVIRG]ERHXMQIMRJSVQEXMSREQSRKSXLIVXLMRKW%JXIV[IGVIEXI
XLIETTPMGEXMSR[I[MPPXLIRPSGEPM^IMXMRXSSXLIVPERKYEKIW=SYvPPPIEVRLS[XSPSGEPM^IRMF
JMPIWWXVMRKJMPIWMQEKIWERHIZIRSYVETTPMGEXMSRvWMGSR=SYGERWII[LEXSYVETTPMGEXMSRMW
KSMRKXSPSSOPMOIMR*MKYVI8LIREQIEGVSWWXLIXSTGSQIWJVSQXLIYWIVvWPSGEPI8LI
[SVHWHS[RXLIPIJXWMHISJXLIZMI[EVIWXEXMGPEFIPWXLEXEVIWIXMRXLIRMFJMPI8LI[SVHW
HS[RXLIVMKLXWMHIEVIWIXTVSKVEQQEXMGEPP]YWMRKSYXPIXW8LIJPEKMQEKIEXXLIFSXXSQSJ
XLIWGVIIRMWEWXEXMG
9--QEKI:MI[

*MKYVI8LI0SGEPM^I1IETTPMGEXMSRWLS[R[MXLXLVIIHMJJIVIRXPERKYEKIVIKMSRWIXXMRKW
0IXvWLSTVMKLXMRXSMX'VIEXIERI[TVSNIGXMR<GSHIYWMRKXLIZMI[FEWIHETTPMGEXMSRXIQ
TPEXIERHGEPPMX0SGEPM^I1I-J]SYPSSOMRXLI0SGEPM^I1IJSPHIV]SYvPPWIIEWYFJSPHIV
REQIH6IWSYVGIW-RWMHI6IWSYVGIW]SYvPPJMRHEHMVIGXSV]REQIH&EWI0ERKYEKI-RXLEX

JSPHIV]SYvPPJMRHX[SMQEKIWMGSRTRKERHJPEKTRK(VEKFSXLSJXLSWIXSXLI6IWSYVGIW
JSPHIVSJ]SYVTVSNIGX2S[WMRKPIGPMGO-RJSTPMWXERHWIXXLI-GSRJMPIZEPYIXSMGSRTRKWS
XLEXXLIMGSRMQEKI[MPPFIYWIHEW]SYVETTPMGEXMSRvWMGSR
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR

;IRIIHXSGVIEXISYXPIXWXSEXSXEPSJWM\PEFIPWSRIJSVXLIFPYIPEFIPEGVSWWXLIXSTSJXLI
ZMI[ERHJMZIJSVXLI[SVHWHS[RXLIVMKLXLERHWMHI)\TERHXLI'PEWWIWJSPHIVWMRKPIGPMGO
0SGEPM^I1I:MI['SRXVSPPIVLERHQEOIXLIJSPPS[MRKGLERKIW
MQTSVX 9-/MX9-/MXL"
$MRXIVJEGI0SGEPM^I1I:MI['SRXVSPPIV9-:MI['SRXVSPPIV_
-&3YXPIX9-0EFIPPSGEPI0EFIP
-&3YXPIX9-0EFIPPEFIP
-&3YXPIX9-0EFIPPEFIP
-&3YXPIX9-0EFIPPEFIP
-&3YXPIX9-0EFIPPEFIP
-&3YXPIX9-0EFIPPEFIP
a
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPSGEPI0EFIP
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$IRH
2S[HSYFPIGPMGOXLI0SGEPM^I1I:MI['SRXVSPPIV\MFJMPIXSSTIRXLIJMPIMR-RXIVJEGI&YMPHIV
3RGIMXvWSTIRHVEKE0EFIPJVSQXLIPMFVEV]ERHHVSTMXEXXLIXSTSJXLI[MRHS[6IWM^IMX
WSXLEXMXXEOIWXLIIRXMVI[MHXLSJXLIZMI[JVSQFPYIKYMHIPMRIXSFPYIKYMHIPMRI;MXLXLI
PEFIPWIPIGXIHQEOIXLIXI\XFSPHYWMRK &ERHGLERKIXLIXI\XEPMKRQIRXXSGIRXIVIH
ERHXLIXI\XGSPSVXSEFVMKLXFPYIYWMRKXLIEXXVMFYXIWMRWTIGXSV
=SYGEREPWSQEOIXLIJSRXWM^IPEVKIVMJ]SY[MWL8SHSXLEXWIPIGX7LS[*SRXWJVSQXLI

*SRXQIRY1EOIXLIJSRXEWPEVKIEW]SYPMOI%WPSRKEW%HNYWXXSJMXMWWIPIGXIHMRXLIEXXVM
FYXIWMRWTIGXSVXLIXI\X[MPPFIVIWM^IHMJMXKIXWXSSPSRKXSJMX
;MXL]SYVPEFIPMRTPEGIGSRXVSPHVEKJVSQXLI*MPIvW3[RIVMGSRXSXLMWRI[PEFIPERHWIPIGX
XLIPSGEPI0EFIPSYXPIX
2I\XHVEKJMZIQSVI0EFIPWJVSQXLIPMFVEV]ERHTYXXLIQEKEMRWXXLIPIJXQEVKMRYWMRKXLI
FPYIKYMHIPMRISRIEFSZIXLISXLIVEWWLS[RMR*MKYVI(SYFPIGPMGOXLIXSTSRIERH
GLERKIMXJVSQ0EFIPXS3RI6ITIEXXLEXWXIT[MXLXLISXLIVJSYVPEFIPW]SYNYWXEHHIHWS
XLEXXLI]GSRXEMRXLIRYQFIVWJVSQSRIXSJMZIWTIPPIHSYX
(VEKJMZIQSVI0EFIPWJVSQXLIPMFVEV]XLMWXMQITPEGMRKXLIQEKEMRWXXLIVMKLXQEVKMR
'LERKIXLIXI\XEPMKRQIRXYWMRKXLIEXXVMFYXIWMRWTIGXSVWSXLEXXLI]EVIVMKLXEPMKRIHERH
MRGVIEWIXLIWM^ISJXLIPEFIPWSXLEXMXWXVIXGLIWJVSQXLIVMKLXFPYIKYMHIPMRIXSEFSYXXLI
QMHHPISJXLIZMI['SRXVSPHVEKJVSQ*MPIvW3[RIVXSIEGLSJXLIJMZIRI[PEFIPWGSRRIGXMRK
IEGLSRIXSEHMJJIVIRXRYQFIVIHPEFIPSYXPIX2S[HSYFPIGPMGOIEGLSRISJXLIRI[PEFIPW
ERHHIPIXIMXWXI\X;I[MPPFIWIXXMRKXLIWIZEPYIWTVSKVEQQEXMGEPP]
',%48)6 %TTPMGEXMSR0SGEPM^EXMSR

*MREPP]HVEKER-QEKI:MI[JVSQXLIPMFVEV]SZIVXSXLIFSXXSQTEVXSJXLIZMI[-RXLIEXXVM
FYXIWMRWTIGXSVWIPIGXJPEKTRKJSVXLIZMI[vW-QEKIEXXVMFYXIERHVIWM^IXLIMQEKIXSWXVIXGL
JVSQFPYIKYMHIPMRIXSFPYIKYMHIPMRI2I\XSRXLIEXXVMFYXIWMRWTIGXSVGLERKIXLI1SHI
EXXVMFYXIJVSQ'IRXIVXS%WTIGX*MX2SXEPPJPEKWLEZIXLIWEQIEWTIGXVEXMSERH[I[ERXXS
QEOIWYVIXLIPSGEPM^IHZIVWMSRWSJXLIMQEKIPSSOVMKLX7IPIGXMRKXLMWSTXMSR[MPPGEYWIXLI
MQEKIZMI[XSVIWM^IER]SXLIVMQEKIWTYXMRXLMWMQEKIZMI[WSXLI]JMXFYXMX[MPPQEMRXEMR
XLIGSVVIGXEWTIGXVEXMSVEXMSSJLIMKLXXS[MHXL-J]SYPMOIQEOIXLIJPEKXEPPIVYRXMPXLI
WMHIWSJXLIJPEKXSYGLXLIFPYIKYMHIPMRIW
7EZIERHGPSWIXLIRMFJMPIERHLIEHFEGOXS<GSHI7MRKPIGPMGO0SGEPM^I1I:MI['SRXVSPPIVQ
ERHQEOIXLIJSPPS[MRKGLERKIW
MQTSVX0SGEPM^I1I:MI['SRXVSPPIVL
$MQTPIQIRXEXMSR0SGEPM^I1I:MI['SRXVSPPIV
$W]RXLIWM^IPSGEPI0EFIP
$W]RXLIWM^IPEFIP

$W]RXLIWM^IPEFIP
$W]RXLIWM^IPEFIP
$W]RXLIWM^IPEFIP
$W]RXLIWM^IPEFIP
ZSMHZMI[(MH0SEH_
270SGEPIPSGEPI!?270SGEPIGYVVIRX0SGEPIA
277XVMRKHMWTPE]2EQI7XVMRK!?PSGEPI
HMWTPE]2EQI*SV/I]270SGEPI-HIRXMJMIV
ZEPYI?PSGEPIPSGEPI-HIRXMJMIVAA
PSGEPI0EFIPXI\X!HMWTPE]2EQI7XVMRK


PEFIPXI\X!270SGEPM^IH7XVMRK$3RI$8LIRYQFIV
PEFIPXI\X!270SGEPM^IH7XVMRK$8[S$8LIRYQFIV
PEFIPXI\X!270SGEPM^IH7XVMRK$8LVII$8LIRYQFIV
PEFIPXI\X!270SGEPM^IH7XVMRK$*SYV$8LIRYQFIV
PEFIPXI\X!270SGEPM^IH7XVMRK$*MZI$8LIRYQFIV
?WYTIVZMI[(MH0SEHA
a
&330WLSYPH%YXSVSXEXI8S-RXIVJEGI3VMIRXEXMSR
9--RXIVJEGI3VMIRXEXMSRMRXIVJEGI3VMIRXEXMSR_
6IXYVR=)7JSVWYTTSVXIHSVMIRXEXMSRW
VIXYVRMRXIVJEGI3VMIRXEXMSR!!9--RXIVJEGI3VMIRXEXMSR4SVXVEMX
a