HTC WG Multiband Smart Phone User Manual Book Volans HTC English Manual WING200 indb

HTC Corporation Multiband Smart Phone Book Volans HTC English Manual WING200 indb

Users Manual

XXXIUDDPN
4NBSU1IPOF
6TFS.BOVBM

$POHSBUVMBUJPOTPOUIFQVSDIBTFPGZPVSOFX8JOEPXT.PCJMF¡4NBSUQIPOF
1MFBTF3FBE#FGPSF1SPDFFEJOH
5)*41)0/&*4/05'6--:$)"3(&%8)&/:065",&*50650'5)&#09
%0/053&.07&5)&#"55&3:1"$,8)&/5)&1)0/&*4$)"3(*/(
:0638"33"/5:*4*/7"-*%"5&%*':0601&/035".1&38*5)5)&
1)0/&h4065&3$"4*/(
13*7"$:3&453*$5*0/4
4PNFDPVOUSJFTSFRVJSFGVMMEJTDMPTVSFPGSFDPSEFEUFMFQIPOFDPOWFSTBUJPOTBOE
TUJQVMBUFUIBUZPVNVTUJOGPSNUIFQFSTPOXJUIXIPNZPVBSFTQFBLJOHUIBUUIF
DPOWFSTBUJPOJTCFJOHSFDPSEFE"MXBZTPCFZUIFSFMFWBOUMBXTBOESFHVMBUJPOTPG
ZPVSDPVOUSZXIFOVTJOHUIFSFDPSEJOHGFBUVSFPGZPVSQIPOF
$01:3*()5*/'03."5*0/
$PQZSJHIU¥)JHI5FDI$PNQVUFS$PSQ"MM3JHIUT3FTFSWFE
  &YU64#BSFUSBEFNBSLTBOEPSTFSWJDFNBSLTPG)JHI
5FDI$PNQVUFS$PSQ
.JDSPTPGU.4%048JOEPXT8JOEPXT7JTUB8JOEPXT/58JOEPXT4FSWFS
8JOEPXT.PCJMF"DUJWF4ZOD8JOEPXT.FEJB&YDFM*OUFSOFU&YQMPSFS.4/
0VUMPPL1PXFS1PJOUBOE8PSEBSFFJUIFSSFHJTUFSFEUSBEFNBSLTPSUSBEFNBSLTPG
.JDSPTPGU$PSQPSBUJPOJOUIF6OJUFE4UBUFTBOEPSPUIFSDPVOUSJFT
#MVFUPPUIBOEUIF#MVFUPPUIMPHPBSFUSBEFNBSLTPXOFECZ#MVFUPPUI4*(*OD
8J'JJTBSFHJTUFSFEUSBEFNBSLPGUIF8JSFMFTT'JEFMJUZ"MMJBODF*OD
NJDSP4%JTBUSBEFNBSLPG4%$BSE"TTPDJBUJPO
+BWB+.&BOEBMMPUIFS+BWBCBTFENBSLTBSFUSBEFNBSLTPSSFHJTUFSFE
USBEFNBSLTPG4VO.JDSPTZTUFNT*ODJOUIF6OJUFE4UBUFTBOEPUIFSDPVOUSJFT
$PQZSJHIU¥"EPCF4ZTUFNT*ODPSQPSBUFE
$PQZSJHIU¥.BDSPNFEJB/FUIFSMBOET#7

.BDSPNFEJB'MBTI.BDSPNFEJB'MBTI.BDSPNFEJB'MBTI-JUFBOE3FBEFSBSF
USBEFNBSLTBOEPSSFHJTUFSFEUSBEFNBSLTPG.BDSPNFEJB/FUIFSMBOET#7PS
"EPCF4ZTUFNT*ODPSQPSBUFE
$PQZSJHIU¥+"5"":640'58"3&1-5%"MM3JHIUT3FTFSWFE
$PQZSJHIU¥%JMJUIJVN/FUXPSLT*OD"MM3JHIUT3FTFSWFE
"SD4PGU..4$PNQPTFS$PQZSJHIU¥"SD4PGU*ODBOEJUTMJDFOTPST
"MM3JHIUT3FTFSWFE"SD4PGUBOEUIF"SD4PGUMPHPBSFSFHJTUFSFEUSBEFNBSLTPG
"SD4PGU*ODJOUIF6OJUFE4UBUFTBOEPSPUIFSDPVOUSJFT
-JDFOTFECZ26"-$0..*ODPSQPSBUFEVOEFSPOFPSNPSFPGUIFGPMMPXJOH
QBUFOUT




"MMPUIFSDPNQBOZQSPEVDUBOETFSWJDFOBNFTNFOUJPOFEIFSFJOBSFUSBEFNBSLT
SFHJTUFSFEUSBEFNBSLTPSTFSWJDFNBSLTPGUIFJSSFTQFDUJWFPXOFST
)5$TIBMMOPUCFMJBCMFGPSUFDIOJDBMPSFEJUPSJBMFSSPSTPSPNJTTJPOTDPOUBJOFE
IFSFJOOPSGPSJODJEFOUBMPSDPOTFRVFOUJBMEBNBHFTSFTVMUJOHGSPNGVSOJTIJOHUIJT
NBUFSJBM5IFJOGPSNBUJPOJTQSPWJEFEiBTJTuXJUIPVUXBSSBOUZPGBOZLJOEBOEJT
TVCKFDUUPDIBOHFXJUIPVUOPUJDF)5$BMTPSFTFSWFTUIFSJHIUUPSFWJTFUIFDPOUFOU
PGUIJTEPDVNFOUBUBOZUJNFXJUIPVUQSJPSOPUJDF
/PQBSUPGUIJTEPDVNFOUNBZCFSFQSPEVDFEPSUSBOTNJUUFEJOBOZGPSNPSCZBOZ
NFBOTFMFDUSPOJDPSNFDIBOJDBMJODMVEJOHQIPUPDPQZJOHSFDPSEJOHPSTUPSJOH
JOBSFUSJFWBMTZTUFNPSUSBOTMBUFEJOUPBOZMBOHVBHFJOBOZGPSNXJUIPVUQSJPS
XSJUUFOQFSNJTTJPOPG)5$

*NQPSUBOU)FBMUI*OGPSNBUJPOBOE4BGFUZ1SFDBVUJPOT
8IFOVTJOHUIJTQSPEVDUUIFTBGFUZQSFDBVUJPOTCFMPXNVTUCFUBLFOUP
BWPJEQPTTJCMFMFHBMMJBCJMJUJFTBOEEBNBHFT3FUBJOBOEGPMMPXBMMQSPEVDU
TBGFUZBOEPQFSBUJOHJOTUSVDUJPOT0CTFSWFBMMXBSOJOHTJOUIFPQFSBUJOH
JOTUSVDUJPOTPOUIFQSPEVDU
5PSFEVDFUIFSJTLPGCPEJMZJOKVSZFMFDUSJDTIPDLGJSFBOEEBNBHFUPUIF
FRVJQNFOUPCTFSWFUIFGPMMPXJOHQSFDBVUJPOT
&-&$53*$"-4"'&5:
5IJTQSPEVDUJTJOUFOEFEGPSVTFXIFOTVQQMJFEXJUIQPXFSGSPNUIF
EFTJHOBUFECBUUFSZPSQPXFSTVQQMZVOJU 0UIFSVTBHFNBZCFEBOHFSPVT
BOEXJMMJOWBMJEBUFBOZBQQSPWBMHJWFOUPUIJTQSPEVDU
4"'&5:13&$"65*0/4'031301&3(306/%*/(*/45"--"5*0/
$"65*0/$POOFDUJOHUPBOJNQSPQFSMZHSPVOEFEFRVJQNFOUDBOSFTVMUJO
BOFMFDUSJDTIPDLUPZPVSEFWJDF
5IJTQSPEVDUJTFRVJQQFEXJUIB64#$BCMFGPSDPOOFDUJOHXJUIEFTLUPQPS
OPUFCPPLDPNQVUFS#FTVSFZPVSDPNQVUFSJTQSPQFSMZHSPVOEFEFBSUIFE
CFGPSFDPOOFDUJOHUIJTQSPEVDUUPUIFDPNQVUFS5IFQPXFSTVQQMZDPSEPG
BEFTLUPQPSOPUFCPPLDPNQVUFSIBTBOFRVJQNFOUHSPVOEJOHDPOEVDUPS
BOEBHSPVOEJOHQMVH5IFQMVHNVTUCFQMVHHFEJOUPBOBQQSPQSJBUFPVUMFU
XIJDIJTQSPQFSMZJOTUBMMFEBOEHSPVOEFEJOBDDPSEBODFXJUIBMMMPDBMDPEFT
BOEPSEJOBODFT
4"'&5:13&$"65*0/4'03108&34611-:6/*5
r 6TFUIFDPSSFDUFYUFSOBMQPXFSTPVSDF
"QSPEVDUTIPVMECFPQFSBUFEPOMZGSPNUIFUZQFPGQPXFSTPVSDF
JOEJDBUFEPOUIFFMFDUSJDBMSBUJOHTMBCFM*GZPVBSFOPUTVSFPGUIFUZQF
PGQPXFSTPVSDFSFRVJSFEDPOTVMUZPVSBVUIPSJ[FETFSWJDFQSPWJEFSPS
MPDBMQPXFSDPNQBOZ'PSBQSPEVDUUIBUPQFSBUFTGSPNCBUUFSZQPXFS
PSPUIFSTPVSDFTSFGFSUPUIFPQFSBUJOHJOTUSVDUJPOTUIBUBSFJODMVEFE
XJUIUIFQSPEVDU

r )BOEMFCBUUFSZQBDLTDBSFGVMMZ
5IJTQSPEVDUDPOUBJOTB-JJPO1PMZNFSCBUUFSZ5IFSFJTBSJTLPGñSF
BOECVSOTJGUIFCBUUFSZQBDLJTIBOEMFEJNQSPQFSMZ%POPUBUUFNQU
UPPQFOPSTFSWJDFUIFCBUUFSZQBDL%POPUEJTBTTFNCMFDSVTI
QVODUVSFTIPSUFYUFSOBMDPOUBDUTPSDJSDVJUTEJTQPTFPGJOñSFPS
XBUFSPSFYQPTFBCBUUFSZQBDLUPUFNQFSBUVSFTIJHIFSUIBO$
'
 8"3/*/(%"/(&30'&91-04*0/*'#"55&3:*4*/$033&$5-:
3&1-"$&%503&%6$&3*4,0''*3&03#63/4%0/05
%*4"44&.#-&$364)16/$563&4)035&95&3/"-$0/5"$54
&9104&505&.1&3"563&"#07&$'03%*4104&0'*/
'*3&038"5&33&1-"$&0/-:8*5)41&$*'*&%#"55&3*&43&$:$-&
03%*4104&0'64&%#"55&3*&4"$$03%*/(505)&-0$"-
3&(6-"5*0/4033&'&3&/$&(6*%&4611-*&%8*5):063130%6$5
/PUF 5IJTQSPEVDUTIPVMECFPQFSBUFEPOMZXJUIUIFGPMMPXJOHEFTJHOBUFE#BUUFSZ
1BDLT
 r4JNQMPNPEFM-*#3
 r4BOZPNPEFM-*#3
 r4".46/(NPEFM8*/(
r 5BLFFYUSBQSFDBVUJPOT
r ,FFQUIFCBUUFSZPSEFWJDFESZBOEBXBZGSPNXBUFSPSBOZMJRVJE
BTJUNBZDBVTFBTIPSUDJSDVJU
r ,FFQNFUBMPCKFDUTBXBZTPUIFZEPOUDPNFJODPOUBDUXJUIUIF
CBUUFSZPSJUTDPOOFDUPSTBTJUNBZMFBEUPTIPSUDJSDVJUEVSJOH
PQFSBUJPO
r %POPUVTFBCBUUFSZUIBUBQQFBSTEBNBHFEEFGPSNFEPS
EJTDPMPSFEPSUIFPOFUIBUIBTBOZSVTUPOJUTDBTJOHPWFSIFBUTPS
FNJUTBGPVMPEPS
r "MXBZTLFFQUIFCBUUFSZPVUPGUIFSFBDIPGCBCJFTBOETNBMM
DIJMESFOUPBWPJETXBMMPXJOHPGUIFCBUUFSZ$POTVMUUIFEPDUPS
JNNFEJBUFMZJGUIFCBUUFSZJTTXBMMPXFE

r *GUIFCBUUFSZMFBLT
r %POPUBMMPXUIFMFBLJOHóVJEUPDPNFJODPOUBDUXJUITLJO
PSDMPUIJOH*GBMSFBEZJODPOUBDUóVTIUIFBíFDUFEBSFB
JNNFEJBUFMZXJUIDMFBOXBUFSBOETFFLNFEJDBMBEWJDF
r %POPUBMMPXUIFMFBLJOHóVJEUPDPNFJODPOUBDUXJUIFZFT
*GBMSFBEZJODPOUBDU%0/05SVCSJOTFXJUIDMFBOXBUFS
JNNFEJBUFMZBOETFFLNFEJDBMBEWJDF
r 5BLFFYUSBQSFDBVUJPOTUPLFFQBMFBLJOHCBUUFSZBXBZGSPNñSF
BTUIFSFJTBEBOHFSPGJHOJUJPOPSFYQMPTJPO
r $PNNVOJDBUFUIFBQQSPQSJBUFTUFQTJNNFEJBUFMZJODBTFBIB[BSE
PDDVST
4"'&5:13&$"65*0/4'03%*3&$546/-*()5
,FFQUIJTQSPEVDUBXBZGSPNFYDFTTJWFNPJTUVSFBOEFYUSFNFUFNQFSBUVSFT
%POPUMFBWFUIFQSPEVDUPSJUTCBUUFSZJOTJEFBWFIJDMFPSJOQMBDFTXIFSF
UIFUFNQFSBUVSFNBZFYDFFE$'TVDIBTPOBDBSEBTICPBSE
XJOEPXTJMMPSCFIJOEBHMBTTUIBUJTFYQPTFEUPEJSFDUTVOMJHIUPSTUSPOH
VMUSBWJPMFUMJHIUGPSFYUFOEFEQFSJPETPGUJNF5IJTNBZEBNBHFUIFQSPEVDU
PWFSIFBUUIFCBUUFSZPSQPTFBSJTLUPUIFWFIJDMF
13&7&/5*0/0')&"3*/(-044
$"65*0/1FSNBOFOUIFBSJOHMPTTNBZPDDVSJGFBSQIPOFTPS
IFBEQIPOFTBSFVTFEBUIJHIWPMVNFGPSQSPMPOHFEQFSJPETPGUJNF
/PUF'PS'SBODFNPCJMFIFBEQIPOFTFBSQIPOFTBOEXJSFESFNPUFDPOUSPMMFST
MJTUFECFMPXGPSUIJTEFWJDFIBWFCFFOUFTUFEUPDPNQMZXJUIUIF4PVOE
1SFTTVSF-FWFMSFRVJSFNFOUMBJEEPXOJO/'&/BOEPS/'&/
TUBOEBSETBTSFRVJSFECZ'SFODI"SUJDMF-
&BSQIPOFNBOVGBDUVSFECZ)5$.PEFMOBNF)44BOE4
 8JSFE3FNPUF$POUSPMMFSNBOVGBDUVSFECZ)5$.PEFM3$8

4"'&5:*/"*3$3"'5
%VFUPUIFQPTTJCMFJOUFSGFSFODFDBVTFECZUIJTQSPEVDUUPBOBJSDSBGUT
OBWJHBUJPOTZTUFNBOEJUTDPNNVOJDBUJPOTOFUXPSLVTJOHUIJTEFWJDFT
QIPOFGVODUJPOPOCPBSEBOBJSQMBOFJTBHBJOTUUIFMBXJONPTUDPVOUSJFT*G
ZPVXBOUUPVTFUIJTEFWJDFXIFOPOCPBSEBOBJSDSBGUSFNFNCFSUPUVSOPGG
UIFQIPOFCZTXJUDIJOHUP'MJHIU.PEF
&/7*30/.&/53&453*$5*0/4
%POPUVTFUIJTQSPEVDUJOHBTTUBUJPOTGVFMEFQPUTDIFNJDBMQMBOUTPS
XIFSFCMBTUJOHPQFSBUJPOTBSFJOQSPHSFTTPSJOQPUFOUJBMMZFYQMPTJWF
BUNPTQIFSFTTVDIBTGVFMMJOHBSFBTGVFMTUPSFIPVTFTCFMPXEFDLPO
CPBUTDIFNJDBMQMBOUTGVFMPSDIFNJDBMUSBOTGFSPSTUPSBHFGBDJMJUJFTBOE
BSFBTXIFSFUIFBJSDPOUBJOTDIFNJDBMTPSQBSUJDMFTTVDIBTHSBJOEVTUPS
NFUBMQPXEFST1MFBTFCFBXBSFUIBUTQBSLTJOTVDIBSFBTDPVMEDBVTFBO
FYQMPTJPOPSGJSFSFTVMUJOHJOCPEJMZJOKVSZPSFWFOEFBUI
&91-04*7&"5.041)&3&4
8IFOJOBOZBSFBXJUIBQPUFOUJBMMZFYQMPTJWFBUNPTQIFSFPSXIFSF
GMBNNBCMFNBUFSJBMTFYJTUUIFQSPEVDUTIPVMECFUVSOFEPGGBOEUIFVTFS
TIPVMEPCFZBMMTJHOTBOEJOTUSVDUJPOT4QBSLTJOTVDIBSFBTDPVMEDBVTFBO
FYQMPTJPOPSGJSFSFTVMUJOHJOCPEJMZJOKVSZPSFWFOEFBUI6TFSTBSFBEWJTFE
OPUUPVTFUIFFRVJQNFOUBUSFGVFMJOHQPJOUTTVDIBTTFSWJDFPSHBTTUBUJPOT
BOEBSFSFNJOEFEPGUIFOFFEUPPCTFSWFSFTUSJDUJPOTPOUIFVTFPGSBEJP
FRVJQNFOUJOGVFMEFQPUTDIFNJDBMQMBOUTPSXIFSFCMBTUJOHPQFSBUJPOTBSF
JOQSPHSFTT
"SFBTXJUIBQPUFOUJBMMZFYQMPTJWFBUNPTQIFSFBSFPGUFOCVUOPUBMXBZT
DMFBSMZNBSLFE5IFTFJODMVEFGVFMJOHBSFBTCFMPXEFDLPOCPBUTGVFMPS
DIFNJDBMUSBOTGFSPSTUPSBHFGBDJMJUJFTBOEBSFBTXIFSFUIFBJSDPOUBJOT
DIFNJDBMTPSQBSUJDMFTTVDIBTHSBJOEVTUPSNFUBMQPXEFST
30"%4"'&5:
7FIJDMFESJWFSTJONPUJPOBSFOPUQFSNJUUFEUPVTFUFMFQIPOZTFSWJDFTXJUI
IBOEIFMEEFWJDFTFYDFQUJOUIFDBTFPGFNFSHFODZ*OTPNFDPVOUSJFT
VTJOHIBOETGSFFEFWJDFTBTBOBMUFSOBUJWFJTBMMPXFE

4"'&5:13&$"65*0/4'033'&910463&
r "WPJEVTJOHZPVSEFWJDFOFBSNFUBMTUSVDUVSFTGPSFYBNQMFUIFTUFFM
GSBNFPGBCVJMEJOH
r "WPJEVTJOHZPVSEFWJDFOFBSTUSPOHFMFDUSPNBHOFUJDTPVSDFTTVDIBT
NJDSPXBWFPWFOTTPVOETQFBLFST57BOESBEJP
r 6TFPOMZPSJHJOBMNBOVGBDUVSFSBQQSPWFEBDDFTTPSJFTPSBDDFTTPSJFT
UIBUEPOPUDPOUBJOBOZNFUBM
r 6TFPGOPOPSJHJOBMNBOVGBDUVSFSBQQSPWFEBDDFTTPSJFTNBZWJPMBUF
ZPVSMPDBM3'FYQPTVSFHVJEFMJOFTBOETIPVMECFBWPJEFE
*/5&3'&3&/$&8*5).&%*$"-&26*1.&/5'6/$5*0/4
5IJTQSPEVDUNBZDBVTFNFEJDBMFRVJQNFOUUPNBMGVODUJPO5IFVTFPGUIJT
EFWJDFJTGPSCJEEFOJONPTUIPTQJUBMTBOENFEJDBMDMJOJDT
*GZPVVTFBOZPUIFSQFSTPOBMNFEJDBMEFWJDFDPOTVMUUIFNBOVGBDUVSFS
PGZPVSEFWJDFUPEFUFSNJOFJGJUJTBEFRVBUFMZTIJFMEFEGSPNFYUFSOBM
3'FOFSHZ:PVSQIZTJDJBONBZCFBCMFUPBTTJTUZPVJOPCUBJOJOHUIJT
JOGPSNBUJPO
5VSOUIFQIPOF0''JOIFBMUIDBSFGBDJMJUJFTXIFOBOZSFHVMBUJPOTQPTUFEJO
UIFTFBSFBTJOTUSVDUZPVUPEPTP)PTQJUBMTPSIFBMUIDBSFGBDJMJUJFTNBZCF
VTJOHFRVJQNFOUUIBUDPVMECFTFOTJUJWFUPFYUFSOBM3'FOFSHZ
)&"3*/("*%4
4PNFEJHJUBMXJSFMFTTQIPOFTNBZJOUFSGFSFXJUITPNFIFBSJOHBJET*OUIF
FWFOUPGTVDIJOUFSGFSFODFZPVNBZXBOUUPDPOTVMUZPVSTFSWJDFQSPWJEFS
PSDBMMUIFDVTUPNFSTFSWJDFMJOFUPEJTDVTTBMUFSOBUJWFT
/0/*0/*;*/(3"%*"5*0/
5IJTQSPEVDUTIPVMECFPQFSBUFEJOUIFTVHHFTUFEOPSNBMDPOEJUJPOPOMZ
UPFOTVSFUIFSBEJBUJWFQFSGPSNBODFBOETBGFUZPGUIFJOUFSGFSFODF"TXJUI
PUIFSNPCJMFSBEJPUSBOTNJUUJOHFRVJQNFOUVTFSTBSFBEWJTFEUIBUGPS
TBUJTGBDUPSZPQFSBUJPOPGUIFFRVJQNFOUBOEGPSUIFTBGFUZPGQFSTPOOFMJU
JTSFDPNNFOEFEUIBUOPQBSUPGUIFIVNBOCPEZCFBMMPXFEUPDPNFUPP
DMPTFUPUIFBOUFOOBEVSJOHPQFSBUJPOPGUIFFRVJQNFOU
6TFPOMZUIFTVQQMJFEJOUFHSBMBOUFOOB6TFPGVOBVUIPSJ[FEPSNPEJGJFE
BOUFOOBTNBZJNQBJSDBMMRVBMJUZBOEEBNBHFUIFQIPOFDBVTJOHMPTTPG
QFSGPSNBODFBOE4"3MFWFMTFYDFFEJOHUIFSFDPNNFOEFEMJNJUTBTXFMMBT
SFTVMUJOOPODPNQMJBODFXJUIMPDBMSFHVMBUPSZSFRVJSFNFOUTJOZPVSDPVOUSZ

5PBTTVSFPQUJNBMQIPOFQFSGPSNBODFBOE
FOTVSFIVNBOFYQPTVSFUP3'FOFSHZJT
XJUIJOUIFHVJEFMJOFTTFUGPSUIJOUIFSFMFWBOU
TUBOEBSETBMXBZTVTFZPVSEFWJDFPOMZJOJUT
OPSNBMVTFQPTJUJPO%POPUUPVDIPSIPME
UIFBOUFOOBBSFBVOOFDFTTBSJMZXIFOQMBDJOH
PSSFDFJWJOHBQIPOFDBMM$POUBDUXJUIUIF
BOUFOOBBSFBNBZJNQBJSDBMMRVBMJUZBOEDBVTF
ZPVSEFWJDFUPPQFSBUFBUBIJHIFSQPXFS
MFWFMUIBOOFFEFE"WPJEJOHDPOUBDUXJUI
UIFBOUFOOBBSFBXIFOUIFQIPOFJT*/64&
PQUJNJ[FTUIFBOUFOOBQFSGPSNBODFBOEUIF
CBUUFSZMJGF
(FOFSBM1SFDBVUJPOT
r )FFETFSWJDFNBSLJOHT
&YDFQUBTFYQMBJOFEFMTFXIFSFJOUIF0QFSBUJOHPS4FSWJDF
EPDVNFOUBUJPOEPOPUTFSWJDFBOZQSPEVDUZPVSTFMG4FSWJDFOFFEFE
PODPNQPOFOUTJOTJEFUIFTFDPNQBSUNFOUTTIPVMECFEPOFCZBO
BVUIPSJ[FETFSWJDFUFDIOJDJBOPSQSPWJEFS
r %BNBHFSFRVJSJOHTFSWJDF
6OQMVHUIFQSPEVDUGSPNUIFFMFDUSJDBMPVUMFUBOESFGFSTFSWJDJOHUP
BOBVUIPSJ[FETFSWJDFUFDIOJDJBOPSQSPWJEFSVOEFSUIFGPMMPXJOH
DPOEJUJPOT
r -JRVJEIBTCFFOTQJMMFEPSBOPCKFDUIBTGBMMFOJOUPUIFQSPEVDU
r 5IFQSPEVDUIBTCFFOFYQPTFEUPSBJOPSXBUFS
r 5IFQSPEVDUIBTCFFOESPQQFEPSEBNBHFE
r 5IFSFBSFOPUJDFBCMFTJHOTPGPWFSIFBUJOH
r 5IFQSPEVDUEPFTOPUPQFSBUFOPSNBMMZXIFOZPVGPMMPXUIF
PQFSBUJOHJOTUSVDUJPOT
r "WPJEIPUBSFBT
5IFQSPEVDUTIPVMECFQMBDFEBXBZGSPNIFBUTPVSDFTTVDIBT
SBEJBUPSTIFBUSFHJTUFSTTUPWFTPSPUIFSQSPEVDUTJODMVEJOHCVUOPU
MJNJUFEUPBNQMJñFSTUIBUQSPEVDFIFBU

r "WPJEXFUBSFBT
/FWFSVTFUIFQSPEVDUJOBXFUMPDBUJPO
r "WPJEVTJOHZPVSEFWJDFBGUFSBESBNBUJDDIBOHFJOUFNQFSBUVSF
8IFOZPVNPWFZPVSEFWJDFCFUXFFOFOWJSPONFOUTXJUIWFSZ
EJíFSFOUUFNQFSBUVSFBOEPSIVNJEJUZSBOHFTDPOEFOTBUJPONBZ
GPSNPOPSXJUIJOUIFEFWJDF5PBWPJEEBNBHJOHUIFEFWJDFBMMPX
TVîDJFOUUJNFGPSUIFNPJTUVSFUPFWBQPSBUFCFGPSFVTJOHUIFEFWJDF
/05&8IFOUBLJOHUIFEFWJDFGSPNMPXUFNQFSBUVSFDPOEJUJPOTJOUPBXBSNFS
FOWJSPONFOUPSGSPNIJHIUFNQFSBUVSFDPOEJUJPOTJOUPBDPPMFSFOWJSPONFOU
BMMPXUIFEFWJDFUPBDDMJNBUFUPSPPNUFNQFSBUVSFCFGPSFUVSOJOHPOUIFQPXFS
r "WPJEQVTIJOHPCKFDUTJOUPQSPEVDU
/FWFSQVTIPCKFDUTPGBOZLJOEJOUPDBCJOFUTMPUTPSPUIFSPQFOJOHT
JOUIFQSPEVDU4MPUTBOEPQFOJOHTBSFQSPWJEFEGPSWFOUJMBUJPO5IFTF
PQFOJOHTNVTUOPUCFCMPDLFEPSDPWFSFE
r .PVOUJOH"DDFTTPSJFT
%POPUVTFUIFQSPEVDUPOBOVOTUBCMFUBCMFDBSUTUBOEUSJQPE
PSCSBDLFU"OZNPVOUJOHPGUIFQSPEVDUTIPVMEGPMMPXUIF
NBOVGBDUVSFSTJOTUSVDUJPOTBOETIPVMEVTFBNPVOUJOHBDDFTTPSZ
SFDPNNFOEFECZUIFNBOVGBDUVSFS
r "WPJEVOTUBCMFNPVOUJOH
%POPUQMBDFUIFQSPEVDUXJUIBOVOTUBCMFCBTF
r 6TFQSPEVDUXJUIBQQSPWFEFRVJQNFOU
5IJTQSPEVDUTIPVMECFVTFEPOMZXJUIQFSTPOBMDPNQVUFSTBOE
PQUJPOTJEFOUJñFEBTTVJUBCMFGPSVTFXJUIZPVSFRVJQNFOU
r "EKVTUUIFWPMVNF
5VSOEPXOUIFWPMVNFCFGPSFVTJOHIFBEQIPOFTPSPUIFSBVEJP
EFWJDFT
r $MFBOJOH
6OQMVHUIFQSPEVDUGSPNUIFXBMMPVUMFUCFGPSFDMFBOJOH%POPUVTF
MJRVJEDMFBOFSTPSBFSPTPMDMFBOFST6TFBEBNQDMPUIGPSDMFBOJOHCVU
/&7&3VTFXBUFSUPDMFBOUIF-$%TDSFFO

$POUFOUT
$IBQUFS (FUUJOH4UBSUFE 
 (FUUJOHUP,OPX:PVS1IPOFBOE*UT"DDFTTPSJFT
 4UBSUJOH6Q
 )PNF4DSFFO
 4UBSU.FOV
 2VJDL-JTU
 &OUFSJOH*OGPSNBUJPO
 #BUUFSZ*OGPSNBUJPO
$IBQUFS 6TJOH1IPOF'FBUVSFT 
 6TJOHUIF1IPOF
 .BLJOHB$BMM
 .BLJOHB7JEFP$BMM
 3FDFJWJOHB$BMM
 *O$BMM0QUJPOT
 "EEJUJPOBM%JBMJOH*OGPSNBUJPO
 4*.5PPM,JU45,
 4FUUJOH6Q#MVFUPPUI4*."DDFTTGPS$BS,JU1IPOFT
$IBQUFS 4ZODISPOJ[JOH*OGPSNBUJPO
 XJUI:PVS$PNQVUFS 
 "CPVU4ZODISPOJ[BUJPO
 6TJOH.JDSPTPGU8JOEPXT.PCJMF¡%FWJDF$FOUFS

 *OTUBMMJOHBOE6TJOH.JDSPTPGU"DUJWF4ZOD¡
 4ZODISPOJ[JOHXJUI:PVS$PNQVUFS
 4ZODISPOJ[JOHWJB#MVFUPPUI
4ZODISPOJ[JOH.VTJDBOE7JEFP
$IBQUFS .BOBHJOHZPVS1IPOF 
 1FSTPOBMJ[JOH:PVS1IPOF
 "EEJOHBOE3FNPWJOH1SPHSBNT
 6TJOH5BTL.BOBHFSBOE.BOBHJOH.FNPSZ
 .BOBHJOHBOE#BDLJOH6Q'JMFT
 1SPUFDUJOH:PVS1IPOF
 3FTUBSUJOH:PVS1IPOF
 3FTFUUJOH:PVS1IPOF
$IBQUFS 0SHBOJ[JOH1IPOF*OGPSNBUJPO 
 $POUBDUT
 4*..BOBHFS
 $BMFOEBS
 5BTLT
 2VJDL/PUFT
 7PJDF/PUFT
$IBQUFS &YDIBOHJOH.FTTBHFT 
 .FTTBHJOH
 5FYU.FTTBHF
 ..4.FTTBHFT
 7PJDF.BJM

 4FUUJOH6Q&NBJM"DDPVOUT
 &NBJM
$IBQUFS 8PSLJOHXJUI$PNQBOZ&NBJMT
BOE.FFUJOH"QQPJOUNFOUT 
 4ZODISPOJ[JOHXJUI:PVS$PNQBOZ&NBJM4FSWFS 
 8PSLJOHXJUI$PNQBOZ&NBJMT 
 .BOBHJOH.FFUJOH3FRVFTUT 
 'JOEJOH$POUBDUTJOUIF$PNQBOZ%JSFDUPSZ 
 &NBJM4FDVSJUZ 
$IBQUFS (FUUJOH$POOFDUFE 
 $PNN.BOBHFS 
 $POOFDUJOHUPUIF*OUFSOFU 
 *OUFSOFU&YQMPSFS.PCJMF 
 *OUFSOFU4IBSJOH 
 #MVFUPPUI 
 8JOEPXT-JWF 
 8JOEPXT-JWF.FTTFOHFS 
$IBQUFS &YQFSJFODJOH.VMUJNFEJB 
 $BNFSB 
 1JDUVSFT7JEFPT 
 8JOEPXT.FEJB1MBZFS.PCJMF 
 4USFBNJOH.FEJB 
 "VEJP.BOBHFS 
 .15SJNNFS 

 6TJOH"VEJP#PPTUFS 
 'MBTI-JUF1MBZFS 
 +BWB 
$IBQUFS6TJOH0UIFS"QQMJDBUJPOT 
.JDSPTPGU¡0GGJDF.PCJMF 
.JDSPTPGU¡0GGJDF8PSE.PCJMF 
.JDSPTPGU¡0GGJDF&YDFM¡.PCJMF 
.JDSPTPGU¡0GGJDF1PXFS1PJOU¡.PCJMF 
"EPCF¡3FBEFS¡-& 
4QFFE%JBM 
7PJDF4QFFE%JBM 
"QQFOEJY  
" 3FHVMBUPSZ/PUJDFT 
" 4QFDJGJDBUJPOT 
*OEFY  
$IBQUFS
(FUUJOH4UBSUFE
(FUUJOHUP,OPX:PVS1IPOF
BOE*UT"DDFTTPSJFT
4UBSUJOH6Q
)PNF4DSFFO
4UBSU.FOV
2VJDL-JTU
&OUFSJOH*OGPSNBUJPO
#BUUFSZ*OGPSNBUJPO
(FUUJOH4UBSUFE
(FUUJOHUP,OPX:PVS1IPOFBOE*UT"DDFTTPSJFT






(FUUJOH4UBSUFE
*UFN 'VODUJPO
-&%*OEJDBUPST /PUJGJFTZPVPGDPOOFDUJWJUZCBUUFSZBOEOFUXPSLTUBUVT
'PSNPSFJOGPSNBUJPOBCPVU-&%*OEJDBUPSTTFFUIFUBCMFBUUIF
FOEPGUIJTTFDUJPO
&BSQJFDF -JTUFOUPBQIPOFDBMMUISPVHIUIFFBSQJFDF
%JTQMBZ4DSFFO 5IFJODI-$%QSPWJEFTBNQMFWJFXJOHSPPNGPSXBUDIJOH
WJEFPMPPLJOHBUQJDUVSFTPSCSPXTJOHUIF*OUFSOFU
#"$, 1SFTTUPHPUPUIFQSFWJPVTTDSFFOPSCBDLTQBDFPWFSDIBSBDUFST

-FGU3JHIU
40'5,&:T 1SFTTUPQFSGPSNUIFDPNNBOETIPXOJOUIFMBCFMBCPWFUIF
CVUUPO
)0.& 1SFTTUPHPUPUIF)PNF4DSFFO

/"7*("5*0/
$0/530-$&/5&30,
6TFUPTDSPMMMFGUSJHIUVQPSEPXO1SFTTUIFDFOUFSUPVTFBT
UIF$&/5&30,CVUUPO
5"-,
1SFTTUPEJBMBQIPOFOVNCFSBOTXFSBDBMMTXJUDIUPBOPUIFS
DBMMPSQVUBDBMMPOIPME1SFTTBOEIPMEUPBDUJWBUFEFBDUJWBUF
TQFBLFSQIPOFNPEF
,FZ 1SFTTUPTXJUDIUPEJGGFSFOUJOQVUNPEFTPSQSFTTBOEIPMEUP
DIPPTFBOJOQVUNPEFGSPNBMJTU
-JHIU4FOTPS "MJHIUTFOTPSJTIJEEFOVOEFSUIFDBTJOH%BSLDPOEJUJPOT
TFOTFEIFSFXJMMBDUJWBUFBCBDLMJHIUVOEFSUIFLFZQBE
,FZ 1SFTTUPBEEBTQBDFPSQSFTTBOEIPMEUPEJTQMBZBMJTUPG
TZNCPMT
&/% 1SFTTUPFOEBDBMMPSQSFTTBOEIPMEUPMPDLUIFQIPOF
4FDPOE$BNFSB 6TFUIJTDBNFSBGPSWJEFPDBMMDPOWFSTBUJPOTPSUPUBLFBTFMG
QPSUSBJU
28&35:,FZCPBSE 4MJEFPVUUPVTFUIF28&35:LFZCPBSE5IJTJTTJNJMBSUPB
TUBOEBSELFZCPBSEPOB1$'PSNPSFJOGPSNBUJPOBCPVUUIF
28&35:LFZCPBSETFF6TJOHUIF28&35:,FZCPBSEJOUIJT
DIBQUFS
108&3 1SFTTBOEIPMEBCPVUTFDPOETUPUVSOPOBOEPGGUIFQIPOF
1SFTTBOERVJDLMZSFMFBTFUPEJTQMBZUIF2VJDL-JTU4FF2VJDL
-JTUMBUFSJOUIJTDIBQUFSGPSNPSFEFUBJMT
(FUUJOH4UBSUFE


   






(FUUJOH4UBSUFE
*UFN 'VODUJPO
7PMVNF6Q
7PJDF5BH
1SFTTUPJODSFBTFUIFFBSQJFDFWPMVNFEVSJOHBDBMM
1SFTTBOEIPMEUPMBVODIUIF7PJDF5BHGFBUVSF
7PMVNF%PXO
7PJDF/PUFT
1SFTTUPEFDSFBTFUIFFBSQJFDFWPMVNFEVSJOHBDBMM
1SFTTBOEIPMEUPTUBSUUIF7PJDF/PUFTSFDPSEFS
$0..."/"(&3 1SFTTUPPQFOUIF$PNN.BOBHFSXIJDIMFUTZPVFBTJMZUVSO
POPGGZPVSQIPOFTDPOOFDUJPOTTVDIBT#MVFUPPUI8J'JBOE
DFMMVMBSEBUBDPOOFDUJPOSJOHFSQIPOFFUD
4FMGQPSUSBJU.JSSPS 6TFJUXIFOUBLJOHTFMGQPSUSBJUTIPUT
.BJO$BNFSB-FOT 5IFSFBSDBNFSBMFOTFOBCMFTZPVUPUBLFTOBQTIPUTBOESFDPSE
WJEFPDMJQT
4QFBLFS -JTUFOUPBVEJPNFEJBPSBQIPOFDBMMXIFOVTJOHTQFBLFSQIPOF
NPEF
#BUUFSZ$PWFS 3FNPWFUPJOTFSUCBUUFSZBOE4*.64*.DBSE
$".&3" 1SFTTUPPQFOUIF$BNFSBQSPHSBN*GUIF$BNFSBQSPHSBNJT
BMSFBEZPQFOFEQSFTTUPUBLFUIFQIPUPPSUPTUBSUTIPPUJOH
WJEFP
NJDSP4%TMPU 1SZPQFOUIFSVCCFSDPWFSUPJOTFSUUIFNJDSP4%DBSE
)5$&YU64#QPSU $POOFDUUIF64#DBCMFUPTZODISPOJ[FEBUBPSSFDIBSHFUIF
CBUUFSZ:PVDBOBMTPDPOOFDUUIFFBSQIPOFUPMJTUFOUPBVEJP
NFEJBPSVTFUIFQIPOFTIBOETGSFFLJU
4USBQ)PMEFS -FUZPVBUUBDIBTUSBQUPDBSSZZPVSQIPOF-PPQUIFFOEPGB
TUSBQUISPVHIUIJTPQFOJOH
.JDSPQIPOF 4QFBLJOUPUIFNJDSPQIPOFXIFOJOBDBMMSFDPSEJOHWPJDFPS
VTJOHBWPJDFDPNNBOE
(FUUJOH4UBSUFE
-&%JOEJDBUPSMJHIUT
7BSJPVTDPMPSTUIBUNJHIUEJTQMBZJOUIFUXP-&%*OEJDBUPSTBSFTVNNBSJ[FE
IFSF
-FGU-&% 4UBUVT
'MBTIJOHCMVF #MVFUPPUINPEFTFUUPi0OuPSi7JTJCMFuNPEF
'MBTIJOHHSFFO $POOFDUFEUP8J'JOFUXPSL
3JHIU-&% 4UBUVT
4PMJEHSFFO #BUUFSZJTGVMMZDIBSHFE
#MBOL #BUUFSZDBTFJTFNQUZOP4*.64*.DBSEJOTFSUFEPSQIPOF
JTPGG
4PMJEPSBOHF #BUUFSZJTDIBSHJOHPSUIFQIPOFJTVTJOH"DUJWF4ZODUP
TZODISPOJ[FXJUIB1$
4PMJESFE #BUUFSZJTOPUJOTUBMMFEPSCBUUFSZJTPWFSEJTDIBSHFE
'MBTIJOHHSFFO $POOFDUFEUPUIFOFUXPSL
'MBTIJOHSFE #BUUFSZWFSZMPXMFTTUIBO
'MBTIJOHPSBOHF #BUUFSZUFNQFSBUVSFJTIPUUFSPSDPMEFSUIBOUIFGVODUJPOBM
MJNJUTPGUPEFHSFFT$FMTJVTUPEFHSFFT
'BISFOIFJUBOEIBTTUPQQFEDIBSHJOH
0SBOHF(SFFO-&%PGG
#BUUFSZGBVMU5IFi#BUUFSZ'BVMUuJOEJDBUPS JTEJTQMBZFE
*OUIJTDBTFUIFGMBTIJOHHSFFO-&%DBOCFSFDPWFSFECZ
VOQMVHHJOHUIF"$BEBQUFS
(FUUJOH4UBSUFE
"DDFTTPSJFT
5IFGPMMPXJOHBDDFTTPSJFTBSFQSPWJEFEXJUIUIFQIPOF
"DDFTTPSZ 'VODUJPO
"$BEBQUFS 3FDIBSHFUIFQIPOFCBUUFSZ
64#DBCMF $POOFDUZPVSQIPOFUPB1$UPTZODISPOJ[FEBUBBOEPSUP
DIBSHFUIFQIPOF

4UFSFPIFBETFU
1SPWJEFBWPMVNFDPOUSPMTMJEFSBOEB4FOE&OECVUUPO:PV
DBOQSFTTUIFCVUUPOUPQJDLVQBDBMMPSQVUBDBMMPOIPMEPS
QSFTTBOEIPMEUIFCVUUPOUPFOEUIFDBMM1MVHJOUP&BSQIPOF
+BDLUPMJTUFOUPBVEJPGJMFT
1PVDI
"DUBTBQSPUFDUJWFDBSSZJOHDBTFGPSZPVSQIPOF
(FUUJOH4UBSUFE
4UBSUJOH6Q
*OTFSUUIF4*.64*.$BSE
:PVS4*.4VCTDSJCFS*EFOUJUZ.PEVMFPS64*.6OJWFSTBM4VCTDSJCFS*EFOUJUZ.PEVMF
DBSEJTHJWFOUPZPVCZZPVSXJSFMFTTTFSWJDFQSPWJEFSBOEDPOUBJOTZPVSCBTJD
TVCTDSJCFSJOGPSNBUJPOTVDIBTZPVSQIPOFOVNCFSBOEZPVSBEESFTTCPPL
#FGPSFZPVCFHJONBLFTVSFUIFQIPOFJTUVSOFEPGG
 )PMEUIFQIPOFJOPOFIBOEXJUIUIFGSPOUQBOFMGBDJOHEPXOJOUIF
QBMNPGZPVSIBOEBOEUIFOQSFTTUIFCBUUFSZDPWFSEPXOXBSEUP
TMJEFJUPQFO
 *OTFSUUIF4*.64*.DBSEJOUPUIFTMPU
XJUIUIFHPMEDPOUBDUTGBDJOHEPXO
1VTIUIF4*.64*.DBSEBMMUIFXBZJO
VOUJMUIFDBSEMPDLTJOUPQMBDF
5PUBLFUIF4*.64*.DBSEPVUQSFTT
BOEIPMEUIFTMPUMBUDIUIFOQVTIUIF
4*.64*.DBSEPVUGSPNUIFCPUUPNPG
UIFDBSE
 3FQMBDFUIFCBUUFSZDPWFS
*OTFSUUIF#BUUFSZ
 4MJEFUIFCBUUFSZDPWFSEPXOXBSEUPSFNPWFJU
 "MJHOUIFFYQPTFENFUBMDPOUBDUT
POUIFFEHFPGUIFCBUUFSZXJUIUIF
QSPOHTJOUIFCPEZPGUIFQIPOF
 1VTIUIFCPUUPNPGUIFCBUUFSZJOUP
QMBDFBOEUIFOSFQMBDFUIFCBUUFSZ
DPWFS
(FUUJOH4UBSUFE
*OTUBMMBNJDSP4%$BSE
 1SZPQFOUIFSVCCFSDPWFSPGUIFNJDSP4%DBSETMPUPOUIFSJHIUTJEF
PGUIFQIPOF
 *OTFSUUIFNJDSP4%DBSEJOUPUIFTMPUXJUIUIFHPMEDPOUBDUTGBDJOH
EPXOBOEUIFODMPTFUIFDPWFS
5PSFNPWFUIFNJDSP4%DBSEQSFTTJUUPQPQJUPVUPGUIFTMPU
/PUF NJDSP4%DBSEJTOPUJODMVEFEJOUIFCPY
5VSO0OBOE0GGUIF1IPOF
1SFTTBOEIPMEUIF108&3CVUUPOGPSBCPVUTFDPOETUPUVSOPOPSPGGUIF
QIPOF
(FUUJOH4UBSUFE
)PNF4DSFFO
5IF)PNFTDSFFOEJTQMBZTJNQPSUBOUJOGPSNBUJPOTVDIBTVQDPNJOH
BQQPJOUNFOUTTUBUVTJOEJDBUPSTUIFDVSSFOUEBUFBOEUJNFBOE)5$)PNF
r 5PBDDFTTUIF)PNFTDSFFOGSPNBOZXIFSFQSFTT)0.&
)5$)PNF4FF)5$)PNFMBUFSGPS
EFUBJMT
/VNCFSPGOFXFNBJMNFTTBHFT
$MJDLUIJTJDPOUPWJFXZPVSFNBJMT
%JTQMBZTUIFUJNFPGZPVSOFYU
BQQPJOUNFOU$MJDLUPPQFOUIF
$BMFOEBSQSPHSBN
$MJDLUPEJTQMBZUIFBWBJMBCMFQSPHSBNT
JOZPVSQIPOF
%JTQMBZTOPUJGJDBUJPOTTVDIBTNJTTFE
DBMMTPSOFXNFTTBHFT
%JTQMBZTUIFOFUXPSLPSDPOOFDUJWJUZ
TUBUVT
%JTQMBZTUIFQPXFSTUBUVT
%JTQMBZTUIFOFUXPSLTJHOBMTUSFOHUI
/VNCFSPGNJTTFEDBMMT$MJDLUIJTJDPO
UPWJFXUIF$BMM)JTUPSZ
 /VNCFSPGOFXUFYU..4NFTTBHFT
$MJDLUIJTJDPOUPWJFXZPVSUFYU..4
NFTTBHFT
 $MJDLUPPQFO$POUBDUT$BMM)JTUPSZPS
.FTTBHFT
)PNF4DSFFO

 

6TFUIF/"7*("5*0/$0/530-UPTDSPMMEPXOUIF)PNFTDSFFOUPTFFNPSF
JOGPSNBUJPO
5PMFBSOBCPVUUIFEJGGFSFOUJDPOTOPUJGJDBUJPOTUIBUZPVNBZTFFPOUIF
5JUMFCBSPGUIF)PNFTDSFFOQMFBTFTFFi4UBUVT*OEJDBUPSTuBUUIFFOEPGUIJT
TFDUJPO
(FUUJOH4UBSUFE
)5$)PNF
)5$)PNFJTB)PNFTDSFFOQMVHJOUIBUHJWFTZPVVQUPEBUFMPDBM
JOGPSNBUJPOBUBHMBODFTVDIBTUJNFEBZBOEXFBUIFSJOGPSNBUJPO*UBMTP
IBTBDVTUPNJ[BCMFDPOUBDUTMJTUXIFSFZPVDBOBEEZPVSGBWPSJUFDPOUBDUT
GPSRVJDLBDDFTT
)5$)PNFIBTUISFFDPNQPOFOUT)PNF8FBUIFSBOE'BWPSJUF1FPQMF
"UUIFCPUUPNPG)5$)PNFUIFSFJTBUPPMCBSUIBUBMMPXTZPVUPTXJUDI
CFUXFFOUIFTFDPNQPOFOUT6TFUIF/"7*("5*0/$POUSPMUPTXJUDI
CFUXFFOUIFEJGGFSFOUDPNQPOFOUTPG)5$)PNF
 )PNF 8FBUIFS 'BWPSJUF1FPQMF
5IF)PNFUBC
)PNFEJTQMBZTUIFDVSSFOUEBZEBUFBOEMPDBMUJNF*GZPVIBWFTFUVQUIF
BMBSNJUBMTPTIPXTUIF"MBSNJDPO
5JNFEJTQMBZ
$VSSFOUEBZBOEEBUF
$MJDLUPPQFOUIF$MPDL"MBSN
TFUVQTDSFFOUPDIBOHFUIFEBUF
BOEUJNFPSUPFOBCMFUIFBMBSN
"MBSNJDPO
(FUUJOH4UBSUFE
5IF8FBUIFSUBC
8FBUIFSTIPXTZPVUIFDVSSFOUXFBUIFSBTXFMM
BTXFBUIFSJOGPSNBUJPOPGUIFOFYUGPVSEBZTPG
UIFXFFL5IFGJSTUUJNFZPVVTFUIJTGFBUVSFZPV
OFFEUPTFMFDUZPVSDJUZGJSTUUPHFUUIFXFBUIFS
JOGPSNBUJPOPGZPVSDJUZ
 $MJDLUIF8FBUIFSJDPO UPPQFOUIF
4FMFDU$JUZTDSFFO
 0OUIF4FMFDU$JUZTDSFFOCSPXTFUISPVHI
UIFMJTUPGDJUJFTBOEDIPPTFZPVSDJUZ
 $MJDL4FMFDU
"GUFSTFMFDUJOHZPVSDJUZZPVSQIPOFBVUPNBUJDBMMZDPOOFDUTUPUIF*OUFSOFU
WJBUIFEBUBDPOOFDUJPOBOEEPXOMPBETXFBUIFSJOGPSNBUJPOPGUIF
DVSSFOUEBZBOEUIFOFYUGPVSEBZTPGUIFXFFL5IFDVSSFOUUFNQFSBUVSF
UIFIJHIFTUBOEMPXFTUUFNQFSBUVSFTBOEBWJTVBMJOEJDBUPSPGUIFDMJNBUF
TIPXJOHJGJUTBDMPVEZPSSBJOZEBZFUDXJMMCFEJTQMBZFEJOUIF8FBUIFS
UBC
4IPXTUIFUJNFPSEBZT
UIBUIBWFQBTTFETJODFUIF
MBTUEPXOMPBEPGXFBUIFS
JOGPSNBUJPO
8FBUIFSJOGPSNBUJPOPGUIF
OFYUGPVSEBZTPGUIFXFFL
5PEBZTXFBUIFS
JOGPSNBUJPO
/PUF *GZPVIBWFOPUDPOOFDUFEUPUIF*OUFSOFUBOEEPXOMPBEFEXFBUIFS
JOGPSNBUJPOGPSGJWFEBZTUIFGPMMPXJOHFSSPSNFTTBHFXJMMCFEJTQMBZFE
i6OBCMFUPSFUSJFWFEBUBGPSTFMFDUFEDJUZ4FMFDUIFSFUPSFUSZu6TFUIFEBUB
DPOOFDUJPOUPDPOOFDUZPVSEFWJDFUPUIF*OUFSOFUBOEUIFODMJDLUIFBSFB
UIBUTIPXTUIFFSSPSNFTTBHFUPEPXOMPBEXFBUIFSEBUB
(FUUJOH4UBSUFE
:PVDBOBMTPDVTUPNJ[FXFBUIFSTFUUJOHTUISPVHIUIFGPMMPXJOHTUFQT
 $MJDLUIF8FBUIFSJDPO UPPQFOUIF4FMFDU$JUZTDSFFO
 $MJDL.FOV8FBUIFS0QUJPOT
 :PVDBOFOBCMFPSEJTBCMFUIFGPMMPXJOHPQUJPOT
r %PXOMPBEXFBUIFSEBUBBVUPNBUJDBMMZ
8IFOUIJTPQUJPOJTTFMFDUFEXFBUIFS
JOGPSNBUJPOXJMMBVUPNBUJDBMMZCF
EPXOMPBEFEGSPNUIF"DDV8FBUIFS8FC
TJUFXIFOFWFSZPVTFMFDUUIF8FBUIFS
UBCJGUIFEBUBIBTOPUCFFOVQEBUFE
XJUIJOUIFMBTUUISFFIPVST8FBUIFSEBUB
XJMMBMTPCFEPXOMPBEFEFWFSZUJNFBO
"DUJWF4ZODDPOOFDUJPOPDDVSTUISPVHI
PWFSUIFBJSPS64#DPOOFDUJPO
r %PXOMPBEXIFOSPBNJOH4FMFDUUIJT
DIFDLCPYPOMZJGZPVXBOUUPBMMPX
BVUPNBUJDEPXOMPBEPGXFBUIFSEBUB
XIFOZPVSFSPBNJOH5IJTNBZJODVS
BEEJUJPOBMDPTUT
r 5FNQFSBUVSF4DBMF$IPPTFXIFUIFSUPEJTQMBZUFNQFSBUVSFJO
$FMTJVTPS'BISFOIFJU
5JQ 5PDIFDLGPSNPSFEFUBJMFEXFBUIFSJOGPSNBUJPOPOUIF"DDV8FBUIFS8FC
TJUFDMJDL.FOV"CPVU8FBUIFSPOUIF4FMFDU$JUZTDSFFOBOEUIFODMJDL
UIFMJOLUIBUTIPXT"DDV8FBUIFSDPN¡*OUFSOFU&YQMPSFS.PCJMFUIFOPQFOT
BOECSJOHTZPVUPUIF"DDV8FBUIFS8FCTJUF
(FUUJOH4UBSUFE
5IF'BWPSJUF1FPQMFUBC
'BWPSJUF1FPQMFBMMPXTZPVUPBEEVQUPFJHIUGBWPSJUFDPOUBDUT*GZPV
NBLFDBMMTPSTFOENFTTBHFTUPDFSUBJOQFPQMFGSFRVFOUMZZPVDBOBEE
UIFNBTGBWPSJUFDPOUBDUTGPSRVJDLFSBDDFTT
/PUF :PVTIPVMEBMSFBEZIBWFDPOUBDUTDSFBUFEPSTZODISPOJ[FEPOZPVSQIPOF
CFGPSFZPVDBOBEEUIFNBTGBWPSJUFDPOUBDUT
4IPXTUIFGBWPSJUFDPOUBDUXJUIQIPUP
8IFOZPVBEEBGBWPSJUFDPOUBDUBOEUIFSF
JTOPQIPUPBTTPDJBUFEUPUIBUDPOUBDUUIF
DPOUBDUTOBNFXJMMCFEJTQMBZFE
$MJDLUPPQFOUIF
1FPQMFTDSFFO
0OUIF1FPQMFTDSFFOTFMFDU
UIFEFTJSFEDPOUBDUBOEDMJDL
$BMMUPQMBDFBDBMM $MJDL.FOV$POUBDUUPPQFOUIF
DPOUBDUDBSEPSDMJDL.FOV%FMFUF
UPSFNPWFUIFTFMFDUFEDPOUBDU
$MJDLUIFFNQUZTMPUUPBEEB
GBWPSJUFDPOUBDU
5JQ 5PEJBMBEJGGFSFOUQIPOFOVNCFSJGBOZPGUIFTFMFDUFEDPOUBDUQSFTT
/"7*("5*0/MFGUPSSJHIUUPTFMFDUUIFNPCJMFQIPOF XPSLQIPOF 
PSIPNFQIPOF BOEUIFODMJDL$BMM
(FUUJOH4UBSUFE
4UBUVT*OEJDBUPST
5IFGPMMPXJOHUBCMFMJTUTDPNNPOTUBUVTJOEJDBUPST
*DPO %FTDSJQUJPO
/FXUFYUNFTTBHF
/FXFNBJMNFTTBHF
/FX-JWF.FTTFOHFSNFTTBHF
3PBNJOH
7PJDFDBMMJOQSPHSFTT
%BUBDBMMJOQSPHSFTT
$BMMTGPSXBSEFE
$BMMPOIPME
.JTTFEDBMM
#BUUFSZMFWFM
-PXCBUUFSZ
7FSZMPXCBUUFSZ
#BUUFSZDIBSHJOH
/PCBUUFSZPSCBUUFSZGBVMU
4JHOBMTUSFOHUI
3BEJPDPOOFDUFEPSOPTJHOBM
3BEJPPGG
/P4*.64*.DBSEJOTUBMMFE
4*.64*.DBSEXJUIGBVMU
.JDSPQIPOFNVUFE
4QFBLFSQIPOFPO
8J'JFOBCMFECVUQIPOFOPUDPOOFDUFEUPBXJSFMFTTOFUXPSL
8J'JDPOOFDUFE
$POOFDUJOHUPXJSFMFTTOFUXPSL
(FUUJOH4UBSUFE
*DPO %FTDSJQUJPO
)4%1"OFUXPSLBWBJMBCMF
)4%1"JOVTF
6.54OFUXPSLBWBJMBCMF
6.54JOVTF
(134BWBJMBCMF
(134JOVTF
&%(&BWBJMBCMF
&%(&JOVTF
-PXFSDBTFUFYUJOQVU
6QQFSDBTFUFYUJOQVUDBQTMPDL
6QQFSDBTFUFYUJOQVU
/VNFSJDPSTZNCPMMBCFMFEJOCMVFDPMPSPOLFZCPBSEJOQVUMPDLFE
/VNFSJDPSTZNCPMJOQVUMBCFMFEJOCMVFDPMPSPOLFZCPBSE
95UFYUJOQVUNPEFMPXFSDBTF
95UFYUJOQVUNPEFVQQFSDBTF
95UFYUJOQVUNPEFDBQTMPDL
3JOHFSPGG
7JCSBUFDBMMBMFSU
#MVFUPPUIPOPSWJTJCMFNPEF
#MVFUPPUIIFBETFUDPOOFDUFE
4UBSU.FOV
(FUUJOH4UBSUFE
:PVSQIPOFDPNFTXJUITFWFSBMCVOEMFE
QSPHSBNTUIBUZPVDBOTUBSUVTJOHJNNFEJBUFMZ
:PVDBOBMTPJOTUBMMBEEJUJPOBMQSPHSBNTGSPN
UIFJODMVEFE8JOEPXT.PCJMF¡(FUUJOH4UBSUFE
%JTDPSGSPNPUIFSTPVSDFTBOEJOTUBMMUIFNPO
ZPVSQIPOF
5PTFFUIFBWBJMBCMFQSPHSBNTPOZPVSQIPOF
DMJDL4UBSUPOUIF)PNFTDSFFO
5PTFFNPSFQSPHSBNTDMJDL.PSF
1SPHSBNTPOZPVSQIPOF
5IFGPMMPXJOHUBCMFMJTUTJDPOTPGUIFQSPHSBNTUIBUBSFBMSFBEZJOTUBMMFEPO
ZPVSQIPOFPSBSFBWBJMBCMFPOUIFEJTDTUIBUDBNFXJUIZPVSQIPOF
*DPO 1SPHSBN %FTDSJQUJPO
"DDFTTPSJFT
$BMDVMBUPS%PFTCBTJDBSJUINFUJDBOEDBMDVMBUJPOT
$MFBS4UPSBHF$MFBSTUIFNFNPSZBOESFTUPSFTUIF
QIPOFCBDLUPJUTGBDUPSZEFGBVMUTFUUJOHT
4*..BOBHFS.BOBHFTUIFDPOUBDUTUIBUBSF
TUPSFEPOZPVS4*.64*.DBSE
"DUJWF4ZOD 4ZODISPOJ[FTJOGPSNBUJPOCFUXFFOZPVSQIPOFBOE1$
"EPCF3FBEFS
-& "MMPXTZPVUPWJFX1%'GJMFT
"VEJP#PPTUFS
&OIBODFTZPVSNVTJDFYQFSJFODFCZQSPWJEJOHZPVXJUI
DPOUSPMTGPSBEKVTUJOHFRVBMJ[FS%TPVOEUSFCMFBOE
CBTTTFUUJOHT
"VEJP
.BOBHFS
"MMPXTZPVUPCSPXTFGPSNVTJDGJMFTCZPSHBOJ[JOHNVTJD
GJMFTJOUPDBUFHPSJFT
#MVFUPPUI
&YQMPSFS
"MMPXTZPVUPTFBSDIGPSPUIFS#MVFUPPUIEFWJDFTUIBU
IBWFGJMFTIBSJOHFOBCMFEBOEMFUTZPVBDDFTTUIFJS
#MVFUPPUITIBSFEGPMEFS
(FUUJOH4UBSUFE
*DPO 1SPHSBN %FTDSJQUJPO
$BMFOEBS ,FFQTUSBDLPGZPVSBQQPJOUNFOUTBOEDSFBUFTNFFUJOH
SFRVFTUT
$BMM)JTUPSZ ,FFQTUSBDLPGBMMQIPOFDBMMTNBEFSFDFJWFEBOENJTTFE
$BNFSB $BQUVSFTQIPUPTJOWBSJPVTNPEFT
$PNN
.BOBHFS
"DUTBTBDFOUSBMTXJUDIXIFSFZPVDBONBOBHFQIPOF
BOEDPOOFDUJPOTFUUJOHT
$POUBDUT ,FFQTUSBDLPGDPOUBDUJOGPSNBUJPO
'JMF&YQMPSFS 0SHBOJ[FTBOENBOBHFTGJMFTBOEGPMEFST
'MBTI-JUF
1MBZFS
"MMPXTZPVUPQMBZCBDL'MBTI-JUFDPOUFOUTTXGGJMFT
POZPVSQIPOF
(BNFT 1MBZTUXPHBNFT#VCCMF#SFBLFSBOE4PMJUBJSFDPNF
XJUIZPVSQIPOF
*OUFSOFU
&YQMPSFS
#SPXTFT8FCBOE8"1TJUFTBOEUPEPXOMPBEOFX
QSPHSBNTBOEGJMFTGSPNUIF*OUFSOFU
*OUFSOFU
4IBSJOH
-FUTZPVSQIPOFBDUBTBOFYUFSOBMNPEFNGPSZPVS
DPNQVUFS
+BWB "MMPXTZPVUPEPXOMPBEBOEJOTUBMM+BWBCBTFE
BQQMJDBUJPOTTVDIBTHBNFTBOEUPPMTPOZPVSQIPOF
.FTTBHJOH "MMPXTZPVUPTFOEBOESFDFJWFFNBJMT..4BOEUFYU
NFTTBHFT
.FTTFOHFS $POOFDUTUPUIF8JOEPXT-JWF.FTTFOHFSTFSWJDF
.15SJNNFS "MMPXTZPVUPUSJNBO.1GJMFUPBEFTJSFEMFOHUI
0GGJDF.PCJMF
&YDFM.PCJMF7JFXT&YDFMXPSLTIFFUT
1PXFS1PJOU.PCJMF7JFXT1PXFS1PJOUGJMFT
8PSE.PCJMF7JFXT8PSEEPDVNFOUT
1JDUVSFT
7JEFPT $PMMFDUTPSHBOJ[FTBOETPSUTNFEJBGJMFT
(FUUJOH4UBSUFE
*DPO 1SPHSBN %FTDSJQUJPO
2VJDL/PUFT 5ZQFTBOETBWFTPGUFOVTFEUFYUNFTTBHFT
4"14FUUJOHT &OBCMFT#MVFUPPUI3FNPUF4*.BDDFTTPOZPVSQIPOF
4FFDIBQUFSGPSNPSFEFUBJMT
4FUUJOHT 1FSTPOBMJ[FTZPVSQIPOFUPTVJUUIFXBZZPVVTFJU
45,4*.5PPM
,JU4FSWJDF
"MMPXTZPVUPBDDFTTJOGPSNBUJPOBOEPUIFSTFSWJDFT
PGGFSFECZZPVSXJSFMFTTTFSWJDFQSPWJEFS
4QFFE%JBM
$SFBUFTTQFFEEJBMFOUSJFTGPSEJBMJOHGSFRVFOUMZDBMMFE
QIPOFOVNCFSTPSGPSPQFOJOHGSFRVFOUMZBDDFTTFE
QSPHSBNT
4USFBNJOH
.FEJB "MMPXTZPVUPTUSFBNMJWFPSPOEFNBOEWJEFP
5BTL.BOBHFS ,FFQTUSBDLPGBMMSVOOJOHQSPHSBNTPOZPVSQIPOF
5BTLT ,FFQTUSBDLPGZPVSUBTLT
7JEFP
3FDPSEFS $BQUVSFTWJEFPDMJQTJOWBSJPVTNPEFTBOEEVSBUJPO
7PJDF/PUFT $SFBUFTTIPSUWPJDFSFDPSEJOHT
8JOEPXT-JWF
6TFUIJTNPCJMFWFSTJPOPG8JOEPXT-JWFUPGJOE
JOGPSNBUJPOPOUIF8FC*UBMTPMFUTZPVTJHOJOUPZPVS
8JOEPXT-JWFBDDPVOUTPUIBUZPVDBOBDDFTTZPVS-JWF
.BJMNFTTBHFTBOETFOESFDFJWFJOTUBOUNFTTBHFTJO-JWF
.FTTFOHFS
8JOEPXT
.FEJB1MBZFS "MMPXTZPVUPQMBZCBDLWJEFPBOEBVEJPGJMFT
(FUUJOH4UBSUFE
2VJDL-JTU
5IF2VJDL-JTUPGGFSTDPOWFOJFOUBDDFTTUPBMJTUPGGVODUJPOTTVDIBTMPDLJOH
ZPVSQIPOFBOELFZQBEPQFOJOH$PNN.BOBHFSBOEDIPPTJOHBEJGGFSFOU
QSPGJMF
5PBDDFTTUIF2VJDL-JTU
 #SJFóZQSFTTQSFTTBOERVJDLMZSFMFBTF
UIF108&3CVUUPO
 4FMFDUUIFEFTJSFEPQUJPOBOEDMJDL
4FMFDU
 5PFYJUUIF2VJDL-JTUBUBOZUJNFDMJDL
$BODFM
&OUFSJOH*OGPSNBUJPO
:PVDBOFOUFSUFYUOVNCFSTBOETZNCPMTVTJOHUIFLFZQBEPS28&35:
LFZCPBSE5IFTUBUVTJOEJDBUPSPOUIFUPQSJHIUTJEFPGUIFEJTQMBZTDSFFO
EJTQMBZTUIFJOQVUNPEFUIBUZPVBSFDVSSFOUMZVTJOH
-PXFSDBTFUFYUJOQVU
6QQFSDBTFUFYUJOQVUDBQTMPDL
6QQFSDBTFUFYUJOQVU
/VNFSJDPSTZNCPMMBCFMFEJOCMVFDPMPSJOQVUMPDLFE,FZCPBSEPOMZ
/VNFSJDPSTZNCPMMBCFMFEJOCMVFDPMPSJOQVU
95UFYUJOQVUNPEFMPXFSDBTF
95UFYUJOQVUNPEFVQQFSDBTF
95UFYUJOQVUNPEFDBQTMPDL
(FUUJOH4UBSUFE
6TFUIF,FZQBE
6TFUIFLFZQBEUPEJBMQIPOFOVNCFSTPSUZQFTIPSUUFYUNFTTBHFT
5PDIBOHFUIFJOQVUNPEF
 1SFTTBOEIPMEUIF95LFZ
 0OUIFNFOVDMJDLUIFJOQVUNPEFZPVXBOU
6TF.VMUJQSFTTNPEF
*O.VMUJQSFTTNPEFZPVFOUFSBDIBSBDUFSCZQSFTTJOHUIFOVNFSJDLFZPO
XIJDIUIFDIBSBDUFSBQQFBST
5PFOUFSUFYUJO.VMUJQSFTTNPEF
r 5PFOUFSUIFñSTUDIBSBDUFSPOUIFOVNFSJDLFZQSFTTPODF5PFOUFS
UIFTFDPOEDIBSBDUFSPOUIFOVNFSJDLFZQSFTTUXJDFBOETPPO
r 5PFOUFSDIBSBDUFSUIBUBSFPOUIFTBNFOVNFSJDLFZQBVTFBGUFSZPV
FOUFSUIFñSTUDIBSBDUFS
r 5PFOUFSQVODUVBUJPOQSFTTSFQFBUFEMZVOUJMZPVTFFUIF
QVODUVBUJPOZPVXBOU
5PDIBOHFUIF.VMUJQSFTTUJNFPVU
:PVDBODIBOHFUIFMFOHUIPGUJNFUPQBVTFCFUXFFOLFZQSFTTFTPOUIF
TBNFOVNFSJDLFZ
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT"DDFTTJCJMJUZ
 *O.VMUJQSFTTUJNFPVUTFMFDUUIFMFOHUIPGUIFQBVTFCFUXFFO
LFZQSFTTFT
6TF95NPEF
5PFOUFSBXPSEJO95NPEFQSFTTUIFOVNFSJDLFZTUIBUDPOUBJOUIFMFUUFST
ZPVXBOU"TZPVFOUFSMFUUFST95BOBMZ[FTZPVSLFZQSFTTFTBOEBUUFNQUT
UPDPNQMFUFUIFXPSE'PSFYBNQMFUPFOUFSUIFXPSEiTIPFuQSFTT
5PFOUFSUFYUJO95NPEF
 1SFTTBOEIPMEUIF95LFZ
 0OUIFNFOVDMJDL95&OHMJTI
(FUUJOH4UBSUFE
 %PBOZPGUIFGPMMPXJOHUPTUBSUFOUFSJOHUFYUJO95NPEF
r &OUFSMFUUFSTCZQSFTTJOHUIFLFZTPOXIJDIUIFMFUUFSTBQQFBS
1SFTTBLFZPOMZPODFGPSFBDIMFUUFS*GUIFSFJTNPSFUIBOPOF
DIPJDFJOUIF95EJDUJPOBSZGPSZPVSFOUSZBMJTUPGBWBJMBCMFXPSET
JTEJTQMBZFEBUUIFCPUUPNPGUIFTDSFFO
r 1SFTTUIF@LFZUPFOUFSBTQBDFBGUFSUIFXPSE
r 5PFOUFSQVODUVBUJPOQSFTTBOEUIFOTFMFDUGSPNUIFMJTUBUUIF
CPUUPNPGUIFTDSFFO
6TF/VNFSJDNPEF
*GBUFYUCPYQFSNJUTBOVNFSJDFOUSZPOMZTVDIBTBQIPOFOVNCFSUIF
JOQVUNPEFBVUPNBUJDBMMZEFGBVMUTUP/VNFSJDNPEF)PXFWFSJGZPVOFFE
UPFOUFSOVNCFSTXJUIJOBMJOFPGUFYUDIBOHFUP/VNFSJDNPEFBOEUIFO
DIBOHFCBDLUP.VMUJQSFTTPS95NPEFUPGJOJTIFOUFSJOHUIFUFYU
5PFOUFSOVNCFSTJOUFYUCPYFT
 1SFTTBOEIPMEUIF95LFZUPDIBOHFUP/VNFSJDNPEF
 0OUIFLFZQBEFOUFSUIFOVNCFSPSOVNCFSTZPVXBOU
 $IBOHFCBDLUP.VMUJQSFTTPS95JOQVUNPEFCZQSFTTJOHBOE
IPMEJOHUIF95LFZBOEUIFOñOJTIFOUFSJOHZPVSUFYU
.PSFUFYUFOUSZUBTLT
*OCPUI.VMUJQSFTTBOE95NPEFTUIFGJSTUMFUUFSPGBTFOUFODFJTCZEFGBVMU
DBQJUBMJ[FE
5PDIBOHFCFUXFFOVQQFSDBTFMPXFSDBTFBOEDBQTMPDL
r 1SFTTUIF95LFZUPDIBOHFCFUXFFOVQQFSDBTFMPXFSDBTFBOE
DBQTMPDLXJUIJOBUFYUJOQVUNPEF
5PEFMFUFDIBSBDUFST
r 5PCBDLTQBDFBOEEFMFUFBTJOHMFDIBSBDUFSJOBOZJOQVUNPEF
QSFTTUIF#"$,LFZ
r 5PCBDLTQBDFBOEEFMFUFBOFOUJSFUFYUPSOVNFSJDñFMEJOBOZJOQVU
NPEFQSFTTBOEIPMEUIF#"$,LFZ
5PFOUFSBTQBDF
r *O.VMUJQSFTTPS95NPEFQSFTTUIF@LFZ
(FUUJOH4UBSUFE
5PFOUFSBTZNCPM
 1SFTTBOEIPMEUIF95LFZ
 0OUIFNFOVDMJDL4ZNCPMTUPEJTQMBZUIF4ZNCPMQBHF
 4FMFDUUIFTZNCPMZPVXBOUBOEQSFTT$&/5&30,
5PTUBSUBOFXMJOF
*OBNVMUJMJOFUFYUCPYTVDIBTUIFOPUFTBSFBPGBDPOUBDUPSBDBMFOEBS
BQQPJOUNFOUEPUIFGPMMPXJOH
r *OBOZJOQVUNPEFQSFTT$&/5&30,
6TFUIF28&35:,FZCPBSE
4MJEFUIFVQQFSIBMGPGUIFQIPOFXJUIUIFTDSFFOUPUIFMFGUUPSFWFBMUIF
28&35:LFZCPBSE6TFUIF28&35:LFZCPBSEUPUZQFFNBJMTBOEMPOH
NFTTBHFT
8IFOZPVTMJEFPQFOUIF28&35:LFZCPBSEUIFEJTQMBZPSJFOUBUJPOPGUIF
TDSFFOBVUPNBUJDBMMZDIBOHFTUPMBOETDBQFNPEFXIFOZPVDMPTFJUUIF
TDSFFOPSJFOUBUJPOTXJUDIFTCBDLUPQPSUSBJUNPEF
/PUF 5PFOBCMFEJTBCMFUIF28&35:LFZCPBSETMJEJOHPQFOPSDMPTJOHTPVOEDMJDL
4UBSU4FUUJOHT4PVOET*O,FZCPBSETMJEJOHTFMFDU/POFUPEJTBCMFUIF
TPVOEPSTFMFDUBTPVOEUPFOBCMFUIFTPVOE
-&%JOEJDBUPSTGPS
$BQBOE'OLFZT
5IF-&%JOEJDBUPSTDPSSFTQPOEJOHUPUIF$BQBOE'OLFZTPOUIFLFZCPBSE
EJTQMBZTPMJEPSBOHFDPMPSXIFOUIF BOE LFZTBSFQSFTTFEUPUVSO
POUIFJSGVODUJPOBMJUZ1SFTTBEFTJSFEDPSSFTQPOEJOHLFZBOEUVSOUIFNPGG
BGUFSVTF
(FUUJOH4UBSUFE
:PVDBOEPUIFGPMMPXJOHXJUIUIF28&35:LFZCPBSE
r 5PUZQFMPXFSDBTFMFUUFSTQSFTTUIFLFZTVTJOHZPVSUIVNCTPSñOHFST
r 5PUZQFBMMVQQFSDBTFMFUUFSTQSFTT GJSTUBOEUIFOQSFTT 
5PUVSOPGGUIJTGVODUJPOQSFTT GJSTUBOEUIFOQSFTT BHBJO
r 5PUZQFBTJOHMFVQQFSDBTFMFUUFSQSFTT BOEUIFOQSFTTUIF
DPSSFTQPOEJOHLFZ
r 5PFOUFSBOVNCFSPSTZNCPMMBCFMFEJOCMVFDPMPSPSUPDBSSZPVU
BDPNNBOEMJLFTDSPMMJOHBQBHFQSFTT BOEUIFOQSFTTUIF
DPSSFTQPOEJOHLFZ
r 5PSFNBJOJOUIFTDSPMMJOHNPEFPSUPDPOUJOVFFOUFSJOHOVNCFSTPS
TZNCPMTMBCFMFEJOCMVFDPMPSQSFTT UXJDFBOEUIFOQSFTTUIF
DPSSFTQPOEJOHLFZT
r 1SFTTUIFMFGUPSSJHIU40'5,&:UPQFSGPSNUIFDPNNBOETIPXOJO
UIFMBCFMBCPWFUIFLFZ
#BUUFSZ*OGPSNBUJPO
#BUUFSZQFSGPSNBODFEFQFOETPONBOZGBDUPSTJODMVEJOHCVUOPUMJNJUFEUP
ZPVSXJSFMFTTTFSWJDFQSPWJEFSTOFUXPSLDPOGJHVSBUJPOTJHOBMTUSFOHUIBOE
UIFUFNQFSBUVSFPGUIFFOWJSPONFOU
#BUUFSZMJGFFTUJNBUFTBQQSPYJNBUJPOT
r 5BMLUJNF6QUPIPVST(4.VQUPIPVST6.54
r
4UBOECZUJNF6QUPIPVST(4.VQUPIPVST6.54
r 1MBZJOH8.76QUPIPVST
r 1MBZJOH8."6QUPIPVST
8"3/*/( 5PSFEVDFSJTLPGGJSFPSCVSOT
r %POPUBUUFNQUUPPQFOEJTBTTFNCMFPSTFSWJDFUIFCBUUFSZQBDL
r %POPUDSVTIQVODUVSFTIPSUFOFYUFSOBMDPOUBDUTPSEJTQPTFPG
JOGJSFPSXBUFS
r %POPUFYQPTFUPUFNQFSBUVSFTBCPWF$'
r 3FQMBDFPOMZXJUIUIFCBUUFSZQBDLEFTJHOBUFEGPSUIJTQSPEVDU
r 3FDZDMFPSEJTQPTFPGVTFECBUUFSZBTTUJQVMBUFECZMPDBM
SFHVMBUJPO
(FUUJOH4UBSUFE
5PDIFDLBOEPQUJNJ[FCBUUFSZQPXFS
r 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT1PXFS.BOBHFNFOU
BOEBEKVTUUIFCBDLMJHIUEJTQMBZPSMJHIUTFOTPSTFUUJOHT
*GZPVEPOUXBOUUPDIBSHFUIFCBUUFSZXIJMFUIFQIPOFJTDPOOFDUFEUP
UIFDPNQVUFSDMJDL4UBSU4FUUJOHT1PXFS.BOBHFNFOUBOEJO8IFO
EFWJDFJTUVSOFEPOEPOPUDIBSHFUIFCBUUFSZXIFODPOOFDUFEUPUIF
1$TFMFDU0O
5PNBOBHFMPXCBUUFSZ
8IFOUIFMPXCBUUFSZXBSOJOHBQQFBSTEPUIFGPMMPXJOH
 *NNFEJBUFMZTBWFZPVSDVSSFOUEBUB
 4ZODISPOJ[FXJUIZPVS1$PSVTFUIF"$BEBQUFSUPDIBSHFUIFCBUUFSZ
 5VSOPíZPVSQIPOF5VSOJUCBDLPOPOMZXIFOZPVOFFEUPVTFJU
(FUUJOH4UBSUFE
$IBQUFS
6TJOH1IPOF'FBUVSFT
6TJOHUIF1IPOF
.BLJOHB$BMM
.BLJOHB7JEFP$BMM
3FDFJWJOHB$BMM
*O$BMM0QUJPOT
"EEJUJPOBM%JBMJOH*OGPSNBUJPO
4*.5PPM,JU45,
4FUUJOH6Q#MVFUPPUI4*."DDFTT
GPS$BS,JU1IPOFT
6TJOH1IPOF'FBUVSFT
6TJOHUIF1IPOF
:PVDBOVTFZPVSQIPOFUPNBLFSFDFJWFBOELFFQUSBDLPGWPJDFDBMMTBOE
TFOEUFYUNFTTBHFT4.44IPSU.FTTBHF4FSWJDFBOE..4.VMUJNFEJB
.FTTBHJOH4FSWJDFNFTTBHFT
5IF1IPOFTDSFFO
'SPNUIF1IPOFTDSFFOZPVDBOPQFODBMMPSGJOEBDPOUBDUBOEFWFO
TBWFBOFXOVNCFSJO$POUBDUT5PBDDFTTUIF1IPOFTDSFFOEPBOZPGUIF
GPMMPXJOH
r 1SFTT5"-, 
r &OUFSUIFQIPOFOVNCFSCZQSFTTJOHUIFLFZTPOUIFLFZQBE
&OUFSZPVS1*/
.PTU4*.64*.DBSETBSFQSFTFUXJUIBQFSTPOBMJEFOUJGJDBUJPOOVNCFS1*/
UIBUJTQSPWJEFECZZPVSXJSFMFTTTFSWJDFQSPWJEFS:PVOFFEUPFOUFSUIF1*/
XIFOFWFSZPVVTFZPVSQIPOF
r &OUFSZPVS1*/XIFOQSPNQUFEBOEDMJDL%POF
/PUF *GZPVS1*/JTFOUFSFEJODPSSFDUMZUISFFUJNFTUIF4*.64*.DBSEXJMMCF
CMPDLFE*GUIJTIBQQFOTZPVDBOVOCMPDLJUXJUIUIF1*/6OCMPDLJOH,FZ
16,PCUBJOFEGSPNZPVSXJSFMFTTTFSWJDFQSPWJEFS
:PVDBODIBOHFUIF4*.1*/CZDMJDLJOH4UBSU4FUUJOHT4FDVSJUZ
$IBOHF4*.1*/
4FUSJOHUPOFT
:PVDBODIPPTFIPXUPCFOPUJGJFEGPSJODPNJOHDBMMTSFNJOEFSTOFX
NFTTBHFTBMBSNTBOENPSF
5PTFUBSJOHUPOFGPSJODPNJOHDBMMT
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4PVOET
 *OUIF3JOHUPOFMJTUTFMFDUBSJOHUPOFBOEDMJDL%POF
*GZPVTFMFDU7JCSBUFUIFTPVOEJTNVUFEBOEUIFQIPOFXJMMWJCSBUFXIFO
ZPVSFDFJWFBDBMM5IF7JCSBUFJDPO
BQQFBSTJOUIFUJUMFCBS4FMFDUJOH
/POFJOUIF3JOHUPOFMJTUNVUFTUIFQIPOF'PSNPSFJOGPSNBUJPOBCPVU
TPVOETTFFi$IPPTFIPXUPCFOPUJGJFEBCPVUFWFOUTPSBDUJPOTuJO
$IBQUFS
6TJOH1IPOF'FBUVSFT
.BLJOHB$BMM
8JUIZPVSQIPOFZPVDBONBLFDBMMTGSPNUIF)PNFTDSFFOUIF1IPOF
TDSFFOGSPN$POUBDUT4QFFE%JBM$BMM)JTUPSZPS4*.$POUBDUTDPOUBDUT
TUPSFEPOZPVS4*.64*.DBSE
.BLFBDBMMGSPNUIF)PNFTDSFFO
r 6TFUIFRVJDLEJBMGFBUVSFGSPNUIF'BWPSJUF1FPQMFPG)5$)PNF'PS
EFUBJMTTFFi)5$)PNFuJO$IBQUFS
r &OUFSUIFQIPOFOVNCFSCZQSFTTJOHLFZTPOUIFLFZQBEBOEQSFTT
5"-, 1SFTTUIF#"$,LFZJGZPVOFFEUPCBDLTQBDF
1IPOF4DSFFO
/PUF :PVDBOBMTPVTFUIF28&35:LFZCPBSEUPEJBMOVNCFSTPOZPVSQIPOF
5JQ :PVXJMMOPUJDFUIBUXIFOZPVQSFTTBLFZPOUIFLFZQBEBMJTUPGOBNFT
BOEOVNCFSTJTEJTQMBZFEBTZPVSQIPOFTFBSDIFT$POUBDUT$BMM)JTUPSZ
4QFFE%JBMBOEZPVS4*.64*.DBSEUPGJOEBNBUDIJOHOBNFPSOVNCFS'PS
FYBNQMFXIFOZPVQSFTTBLFZTVDIBTGJSTUBOEMBTUOBNFTUIBUCFHJOXJUI
+,BOE-XJMMCFEJTQMBZFEBTXFMMBTQIPOFOVNCFSTUIBUTUBSUXJUI5IF
OFYULFZZPVQSFTTDPOUJOVFTUPOBSSPXUIFTFBSDI8IFOZPVTFFUIFOBNF
PGUIFQFSTPOZPVXBOUUPDBMMTFMFDUJUBOEQSFTT5"-, 
6TJOH1IPOF'FBUVSFT
.BLFBDBMMGSPN$POUBDUT
 0OUIF)PNFTDSFFODMJDL$POUBDUTJGEJTQMBZFEPSDMJDL4UBSU
$POUBDUT
 4FMFDUUIFEFTJSFEDPOUBDUBOEQSFTT5"-, 
5PTQFDJGZUIFOVNCFSUPEJBM
#ZEFGBVMUUIFNPCJMFUFMFQIPOFOVNCFSNPGBDPOUBDUJTEJBMFEXIFO
ZPVNBLFBDBMMGSPN$POUBDUTIPXFWFSZPVDBODIPPTFUPEJBMBEJGGFSFOU
QIPOFOVNCFS
 0OUIF)PNFTDSFFODMJDL$POUBDUTJGEJTQMBZFEPSDMJDL4UBSU
$POUBDUT
 4FMFDUUIFDPOUBDU
 1SFTT/"7*("5*0/MFGUPSSJHIU5IFMFUUFSSFQSFTFOUJOHUIFOVNCFS
DIBOHFTUPNNPCJMFXXPSLPSIIPNF
 1SFTT5"-, UPEJBMUIFOVNCFS
r 5PWJFXPSFEJUJOGPSNBUJPOBTTPDJBUFEXJUIUIFTFMFDUFEDPOUBDU
DMJDL.FOV&EJU
r 5PTBWFBDPOUBDUPOZPVS4*.64*.DBSEDMJDL.FOV4BWFUP
4*.
5PMFBSONPSFBCPVU$POUBDUTTFF$IBQUFS
.BLFBDBMMGSPN$BMM)JTUPSZ
 0OUIF)PNFTDSFFODMJDL4UBSU$BMM)JTUPSZPSDMJDL$BMM)JTUPSZJG
EJTQMBZFE
 4FMFDUBOBNFPSOVNCFSBOEQSFTT5"-, 
*OUIF$BMM)JTUPSZTDSFFOQSFTT$&/5&30,UPWJFXEFUBJMTTVDIBTUIF
EJBMFENJTTFEPSSFDFJWFEDBMMDBMMEVSBUJPOEBUFBOEUJNF1SFTTJOH
$&/5&30,BHBJOEJBMTUIFBTTPDJBUFEOVNCFS
5PDVTUPNJ[FDBMMT
0OUIF$BMM)JTUPSZTDSFFODMJDL.FOVUPTFMFDUWBSJPVTPQUJPOTUP
DVTUPNJ[FBOEGJMUFSUIFDBMMTNBEFSFDFJWFEPSNJTTFE
/PUF :PVDBOBMTPTBWFBOVNCFSJO$POUBDUTCZDMJDLJOH4BWFPOUIF$BMM)JTUPSZ
TDSFFO
6TJOH1IPOF'FBUVSFT
.BLFBDBMMGSPN4QFFE%JBM
:PVDBONBLFDBMMTVTJOH4QFFE%JBM5PMFBSOIPXUPVTF4QFFE%JBMTFF
i4QFFE%JBMuJO$IBQUFS
.BLFBDBMMGSPN4*..BOBHFS
 $MJDL4UBSU"DDFTTPSJFT4*..BOBHFS8BJUGPSUIFDPOUFOUTPG
ZPVS4*.64*.DBSEUPMPBE
$IPPTFUIFDPOUBDUZPVXBOUUPDBMMBOEDMJDL.FOV$BMM
'PSNPSFJOGPSNBUJPOBCPVU4*..BOBHFSTFF$IBQUFS
.BLJOHB7JEFP$BMM
5IJTQIPOFBMMPXTZPVUPNBLFWJEFPDBMMTXIFOZPVBSFXJUIJOB(
OFUXPSLDPWFSBHFBSFB:PVOFFEUPJOTUBMMB(FOBCMFE64*.DBSEUPNBLF
WJEFPDBMMT
5PNBLFBWJEFPDBMM
r
&OUFSUIFQIPOFOVNCFSBOEUIFODMJDL.FOV7JEFP$BMM
r *O$POUBDUTTFMFDUUIFDPOUBDUBOEUIFODMJDL.FOV7JEFP$BMM
/PUF 5IFDBMMFSTJNBHFXJMMBQQFBSPOUIFTDSFFOBGUFSBCPVUUPTFDPOETBGUFS
DPOOFDUJPOEFQFOEJOHPOUIFTJHOBMTUSFOHUI5IFTUSFBNJOHWJEFPRVBMJUZ
NBZBMTPCFJOGMVFODFECZUIFTJHOBMTUSFOHUI
*GUIFWJEFPDBMMJTVOTVDDFTTGVMBNFTTBHFQPQTVQBTLJOHZPVJGZPVXBOU
UPUSZBHBJO:PVDBONBLFBWPJDFDBMMPSTFOEBO4.4..4NFTTBHF
JOTUFBE
$IBOHF7JEFP$BMMTFUUJOHT
8IJMFPOBWJEFPDBMMZPVDBODIBOHFDFSUBJOTFUUJOHTTVDIBTUIFTJ[FPGUIF
JNBHFCSJHIUOFTTPGUIFJNBHFUIFDBNFSBUPVTFBOENPSF
5IFGPMMPXJOHJNBHFTIPXTUIF7JEFP$BMMTDSFFOBOEDPOUSPMCVUUPOT
EVSJOHBOPOHPJOHDBMM
6TJOH1IPOF'FBUVSFT
 $BNFSB0O0GG$MJDLUPUPHHMFCFUXFFO
UVSOJOHPOPGGUIFDBNFSB8IFOUIFDBNFSB
JTUVSOFEPGGUIFJNBHFEJTQMBZFEEFQFOET
POUIF7JEFP$BMMPQUJPOTZPVIBWFTFU4FF
i4FUVQ7JEFP$BMM0QUJPOTu
 "VEJP.VUF6ONVUF$MJDLUPUPHHMF
CFUXFFONVUJOHVONVUJOHUIFBVEJP
 .BJO4FDPOE$BNFSB$MJDLUPUPHHMF
CFUXFFOVTJOHUIF.BJOCBDLPS4FDPOE
GSPOUDBNFSB
 4XBQ*NBHF$MJDLDPOUJOVPVTMZUPDZDMF
UISPVHIUIFBWBJMBCMFJNBHFEJTQMBZPQUJPOT
 *NBHF%JTQMBZ"SFB%JTQMBZTZPVSJNBHF
BOEUIFPUIFSQBSUZTJNBHFEFQFOEJOHPO
UIFTFMFDUFE4XBQ*NBHFTFUUJOH
 
6TF/"7*("5*0/MFGUPSSJHIUUPDIPPTFUIFTFUUJOHZPVXBOUUPDIBOHF
1SFTT$&/5&30,UPDIBOHFUIFTFUUJOH
4XBQJNBHFTFUUJOHT
5IFGPMMPXJOHUBCMFEFTDSJCFTTXBQJNBHFTFUUJOHTBOEJDPOT
*DPO %FTDSJQUJPO
#PUIQBSUJFT.ZWJEFPTNBMM5IFDBMMFSTJNBHFJTMBSHFXIJMFZPVS
JNBHFJTTNBMM5IJTJTUIFEFGBVMUTFUUJOH
#PUIQBSUJFT.ZWJEFPMBSHF5IFDBMMFSTJNBHFJTTNBMMXIJMFZPVS
JNBHFJTMBSHF
#PUIQBSUJFT&RVBM#PUIUIFDBMMFSBOEZPVSJNBHFBSFUIFTBNF
TJ[F
0UIFSQBSUZPOMZ0OMZUIFDBMMFSTJNBHFJTEJTQMBZFE
5PBEKVTUUIFCSJHIUOFTTMFWFMPGZPVSJNBHF
6TF/"7*("5*0/VQPSEPXOUPBEKVTUUIFCSJHIUOFTT
MFWFMPGUIFJNBHF"CSJHIUOFTTMFWFMTDBMFXJMMBQQFBS
POUIFVQQFSSJHIUDPSOFSPGUIFTDSFFO
6TJOH1IPOF'FBUVSFT
/PUF 5IFQPTJUJPOPGUIFCSJHIUOFTTTDBMFMFWFMPOUIFVQQFSSJHIUDPSOFSXJMM
EFQFOEPOUIF4XBQ*NBHFPQUJPOTFMFDUFE
4FUVQ7JEFP$BMM0QUJPOT
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT7JEFP$BMM(FOFSBM
 *O4IPXTUJMMJNBHFTFMFDUUIFJNBHFZPVXBOUUPEJTQMBZXIFOZPV
UVSOPíUIFDBNFSB
r 1SFTFUGFNBMF%JTQMBZTBGFNBMFQJDUVSFJOQMBDFPGZPVSJNBHF
r 1SFTFUNBMF%JTQMBZTBNBMFQJDUVSFJOQMBDFPGZPVSJNBHF
r $VTUPNJNBHF-FUTZPVVTFBOJNBHFGSPNñMFBTZPVSEJTQMBZ
QJDUVSF5PDIPPTFBDVTUPNJNBHFTDSPMMEPXO4FMFDUBQJDUVSF
CFDPNFTBWBJMBCMFUIFOVTF/"7*("5*0/SJHIUUPDIPPTFBO
JNBHF
r -BTUWJEFPGSBNF6TFTUIFMBTUWJEFPGSBNFCFGPSFZPVTUPQQFE
UIFDBNFSBBTZPVSEJTQMBZJNBHF
 4FMFDUUIF'MJQUIFOEDBNFSBWJEFPDIFDLCPYJGZPVBSFHPJOHUP
TIPXBUFYUEPDVNFOUUPUIFPUIFSQBSUZVTJOHUIFTFDPOEDBNFSB
 4FMFDUUIF4XJUDIDBNFSBPíXIFOBOTXFSJOHWJEFPDBMMDIFDLCPY
UPOPUTFOEBWJEFPGFFEPGZPVSTFMGUPUIFPUIFSQBSUZ*OTUFBEUIF
PQUJPOZPVTFMFDUFEJO4IPXTUJMMJNBHFXJMMCFEJTQMBZFE
 4FMFDUUIF4IPXDBMMUJNFSDIFDLCPYUPEJTQMBZUIFDBMMEVSBUJPO
3FDFJWJOHB$BMM
8IFOZPVSFDFJWFBQIPOFDBMMPSWJEFPDBMMZPVIBWFUIFPQUJPOUPBOTXFS
JUPSJHOPSFJU
5PBOTXFSPSJHOPSFBOJODPNJOHDBMM
r
5PBOTXFSUIFDBMMQSFTT
5"-, 
UPJHOPSF
QSFTT&/% 
5PFOEBDBMM
r 1SFTT&/% 
6TJOH1IPOF'FBUVSFT
*O$BMM0QUJPOT
:PVSQIPOFMFUTZPVNBOBHFNVMUJQMFDBMMT
BUUIFTBNFUJNF
%VSJOHBDBMMDMJDL.FOVUPBDDFTTJODBMM
PQUJPOT
5PFOBCMF$BMM8BJUJOH
$BMM8BJUJOHTIPVMECFFOBCMFEBOETVQQPSUFEGPSZPVUPCFOPUJGJFEPGBO
JODPNJOHDBMMXIFOZPVBSFVTJOHUIFQIPOF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT1IPOF$BMM8BJUJOH
 "GUFSUIFTFUUJOHTIBWFEPXOMPBEFEGSPNUIFTFSWJDFQSPWJEFSTFMFDU
UIF1SPWJEFDBMMXBJUJOHOPUJGJDBUJPOTDIFDLCPYBOEDMJDL%POF
5PBOTXFSBOPUIFSDBMM
 $MJDL"OTXFSUPUBLFUIFTFDPOEDBMMBOEQVUUIFñSTUDBMMPOIPME
 %PPOFPGUIFGPMMPXJOHXIJMFZPVBSFPOMJOFXJUIUXPDBMMT
r 5PFOEUIFTFDPOEDBMMBOESFUVSOUPUIFñSTUDBMMQSFTT&/% 
r 5PTXJUDICFUXFFOUIFUXPDBMMTDMJDL4XBQ
5PTFUVQBDPOGFSFODFDBMM
/PUBMMTFSWJDFQSPWJEFSTTVQQPSUDPOGFSFODFDBMM$POUBDUZPVSTFSWJDF
QSPWJEFSGPSEFUBJMT
 &JUIFSQVUBDBMMPOIPMEDMJDL.FOV)PMEBOEEJBMBTFDPOE
OVNCFSPSBOTXFSBOPUIFSJODPNJOHDBMMEVSJOHBDBMM
 $MJDL.FOV$POGFSFODF
6TJOH1IPOF'FBUVSFT
/PUFTr *GUIFDPOGFSFODFDPOOFDUJPOJTTVDDFTTGVMUIFXPSEi$POGFSFODFuBQQFBST
BUUIFUPQPGUIFTDSFFO
r5PBEEBEEJUJPOBMQFSTPOTUPZPVSDPOGFSFODFDBMMDMJDL.FOV)PME
FOUFSUIFQIPOFOVNCFSBOEUIFODMJDL3FTVNFUPSFUVSOUPUIFDBMM
5PUVSOPOBOEPíUIF4QFBLFSQIPOF
r %VSJOHBDBMMDMJDL.FOV4QFBLFSQIPOF0O5IF JDPOBQQFBST
BUUIFUPQPGUIFTDSFFO
r 5PUVSOPíUIF4QFBLFSQIPOFDMJDL.FOV4QFBLFSQIPOF0í
"MUFSOBUJWFMZUIFTQFBLFSQIPOFDBOCFUPHHMFEPOBOEPGGCZQSFTTJOHBOE
IPMEJOH5"-, EVSJOHUIFDBMM
8"3/*/( 5PBWPJEEBNBHFUPZPVSIFBSJOHEPOPUIPMEZPVSQIPOFBHBJOTU
ZPVSFBSXIFOUIF4QFBLFSQIPOFJTUVSOFEPO
5PNVUFBDBMM
r %VSJOHBDBMMDMJDL.VUF
8IFOUIFNJDSPQIPOFJTUVSOFEPGGUIF JDPOBQQFBSTPOUIFTDSFFO
$MJDL6ONVUFUPUVSOPOUIFNJDSPQIPOFBHBJO
"EEJUJPOBM%JBMJOH*OGPSNBUJPO
.BLFBOFNFSHFODZDBMM
r &OUFSUIFBQQSPQSJBUFFNFSHFODZOVNCFSGPSZPVSMPDBMFBOEQSFTT
5"-, 
5JQ "EEJUJPOBMFNFSHFODZOVNCFSTNBZCFJODMVEFEJOZPVS4*.64*.DBSE
$POUBDUZPVSTFSWJDFQSPWJEFSGPSEFUBJMT
.BLFBOJOUFSOBUJPOBMDBMM
 1SFTTBOEIPMEUIF;FSPLFZPOUIFLFZQBEVOUJM BQQFBST
 &OUFSUIFGVMMQIPOFOVNCFSBOEQSFTT5"-, 
'PSFYBNQMFXIJDIJTJOUIFGPMMPXJOHGPSNBU
DPVOUSZDPEFBSFBDPEFQIPOFOVNCFS
6TJOH1IPOF'FBUVSFT
*OTFSUBQBVTFPSMPOHQBVTFJOBEJBMJOHTFRVFODF
4PNFJOUFSOBUJPOBMDBMMTPSQIPOFOVNCFSTSFRVJSFBQBVTFPSMPOHQBVTFJO
UIFEJBMJOHTFRVFODFJOPSEFSGPSUIFDBMMUPQSPDFTTTVDDFTTGVMMZ
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUUIFDPOUBDUBOEQSFTT$&/5&30,UPPQFOUIFDPOUBDUDBSE
 $MJDL.FOV&EJU
 1PTJUJPOUIFDVSTPSPOUIFQIPOFOVNCFSXIFSFZPVXBOUUPJOTFSUB
QBVTF
 $MJDL.FOV*OTFSU1BVTFPS*OTFSU8BJU5IFMFUUFSiQu*OTFSU1BVTF
PSiXu*OTFSU8BJUXJMMBQQFBSJOUIFOVNCFSTFRVFODFUPJOEJDBUF
XIFSFUIFQBVTFPSMPOHQBVTFXJMMPDDVS
 $MJDL%POF
/PUFTr -POHQBVTFJTOPUBWBJMBCMFGPSDPOUBDUTTUPSFEPOUIF4*.64*.DBSE
r8IFOZPVDBMMBOVNCFSUIBUDPOUBJOTBMPOHQBVTFZPVNVTUQSFTT
5"-, BHBJOUPDPOUJOVFEJBMJOH
4*.5PPM,JU45,
"4*.64*.DBSENVTUCFJOTFSUFEJOZPVSQIPOFJOPSEFSUPVTFUIJTGFBUVSF
XIJDIBMMPXTZPVUPBDDFTTBSBOHFPGJOGPSNBUJPOTFSWJDFTQSPWJEFECZZPVS
TFSWJDFQSPWJEFS
 0OUIF)PNFTDSFFODMJDL4UBSU4*.5PPM,JU45,
 5PBDDFTTBTFSWJDFDMJDLUIFJUFNJOUIFMJTU
6TJOH1IPOF'FBUVSFT

4FUUJOH6Q#MVFUPPUI4*."DDFTTGPS$BS,JU1IPOFT
$BSLJUTUIBUTVQQPSUUIF4*."DDFTT1SPGJMF4"1DBODPOOFDUUPZPVSQIPOF
BOEBDDFTTJUT4*.64*.DBSEWJB#MVFUPPUI
/PUFTr.BLFTVSFUIBUBMMQIPOFDPOUBDUTBSFTUPSFEJOUIF4*.64*.DBSEBOEOPU
JOUIFQIPOFNFNPSZ$POGJHVSFUIFDBSLJUUPEPXOMPBEDPOUBDUTPOMZ
GSPN4*.64*.DBSE
r$POUBDUZPVSXJSFMFTTTFSWJDFQSPWJEFSUPGJOEPVUXIJDIDBSLJUQIPOF
NPEFMTBSFDPNQBUJCMFXJUIZPVSQIPOF
 *OZPVSQIPOFNBLFTVSFUIBU#MVFUPPUIJTUVSOFEPOBOETFUUP
7JTJCMFNPEF
 $MJDL4UBSU4"14FUUJOHT
 0OUIF#53FNPUF4*."DDFTTTDSFFOTFMFDUUIF3FNPUF4*."DDFTT
DIFDLCPYBOEDMJDL%POF
 $POOFDUUIFDBSLJUQIPOFUPZPVSQIPOFWJB#MVFUPPUI5PMFBSOIPX
UPDPOOFDUDPOTVMUZPVSDBSLJUQIPOFTNBOVBM
 "QPQVQNFTTBHFTIPVMEBQQFBSPOZPVSQIPOFTBZJOHUIBUB
DPOOFDUJPOIBTCFFOFTUBCMJTIFECFUXFFOZPVSQIPOFBOEDBSLJU
$MJDL0,
 0OUIF#53FNPUF4*."DDFTTTDSFFODMJDL%POF
/PUF :PVXJMMOPUCFBCMFUPNBLFSFDFJWFDBMMTTFOESFDFJWFNFTTBHFTPSQFSGPSN
SFMBUFEBDUJWJUJFTPOZPVSQIPOFXIFOUIF4*."DDFTT1SPGJMFDPOOFDUJPOJT
BDUJWF:PVXJMMCFBCMFUPEPBMMUIJTGSPNUIFDBSLJUQIPOFEVSJOHUIJTUJNF
6TJOH1IPOF'FBUVSFT
$IBQUFS
4ZODISPOJ[JOH*OGPSNBUJPOXJUI
:PVS$PNQVUFS
"CPVU4ZODISPOJ[BUJPO
6TJOH.JDSPTPGU8JOEPXT.PCJMF¡
%FWJDF$FOUFS
*OTUBMMJOHBOE6TJOH.JDSPTPGU"DUJWF4ZOD¡
4ZODISPOJ[JOHXJUI:PVS$PNQVUFS
4ZODISPOJ[JOHWJB#MVFUPPUI
4ZODISPOJ[JOH.VTJDBOE7JEFP
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
"CPVU4ZODISPOJ[BUJPO
:PVDBOUBLFJOGPSNBUJPOGSPNZPVSDPNQVUFSXIFSFWFSZPVHPCZ
TZODISPOJ[JOHUIFNUPZPVSQIPOF5IFGPMMPXJOHUZQFTPGJOGPSNBUJPODBO
CFTZODISPOJ[FE
r .JDSPTPGU0VUMPPL¡JOGPSNBUJPOXIJDIJODMVEF0VUMPPLFNBJM
DPOUBDUTDBMFOEBSUBTLTBOEOPUFT
r .FEJBTVDIBTQJDUVSFTNVTJDBOEWJEFP
r 'BWPSJUFTXIJDIBSFUIFCPPLNBSLFEMJOLTUPZPVSGBWPSJUFXFCTJUFT
r 'JMFTTVDIBTEPDVNFOUTBOEPUIFSñMFT
#FGPSFZPVDBOTZODISPOJ[FZPVXJMMGJSTUOFFEUPJOTUBMMBOETFUVQUIF
TZODISPOJ[BUJPOTPGUXBSFPOZPVSDPNQVUFS'PSJOGPSNBUJPOBCPVU
JOTUBMMJOHBOEVTJOHUIFTZODISPOJ[BUJPOTPGUXBSFPOZPVSDPNQVUFS
TFFi6TJOH8JOEPXT.PCJMF%FWJDF$FOUFSuBOEi*OTUBMMJOHBOE6TJOH
"DUJWF4ZODuJOUIJTDIBQUFS
8BZTUPTZODISPOJ[F
"GUFSZPVIBWFJOTUBMMFEUIFTZODISPOJ[BUJPOTPGUXBSFPOZPVSDPNQVUFS
TZODISPOJ[FZPVSQIPOFXJUIZPVSDPNQVUFSVTJOHPOFPGUIFGPMMPXJOH
NFUIPET
r $POOFDUBOETZODISPOJ[FVTJOHUIFTVQQMJFE64#TZODDBCMF
6QPODPOOFDUJOHUIFTZODDBCMFUPZPVSQIPOFBOEZPVSDPNQVUFS
UIFTZODISPOJ[BUJPOQSPDFTTTUBSUTBVUPNBUJDBMMZ
r $POOFDUBOETZODISPOJ[FVTJOH#MVFUPPUI
:PVNVTUñSTUTFUVQB#MVFUPPUIQBSUOFSTIJQCFUXFFOZPVSQIPOF
BOEZPVSDPNQVUFSCFGPSFZPVDBOTZODISPOJ[FJOGPSNBUJPO
CFUXFFOUIFNVTJOH#MVFUPPUI'PSNPSFJOGPSNBUJPOBCPVUTFUUJOH
VQB#MVFUPPUIQBSUOFSTIJQTFF$IBQUFS'PSJOGPSNBUJPOBCPVU
TZODISPOJ[JOHUISPVHI#MVFUPPUITFFi4ZODISPOJ[JOHWJB#MVFUPPUIu
MBUFSJOUIJTDIBQUFS
/PUF :PVDBOBMTPTZODISPOJ[F0VUMPPLFNBJMDPOUBDUTDBMFOEBSBOEUBTLTPO
ZPVSQIPOFXJUIUIF&YDIBOHF4FSWFSBUZPVSXPSL'PSNPSFJOGPSNBUJPO
BCPVUTFUUJOHVQZPVSQIPOFUPTZODISPOJ[FXJUIUIF&YDIBOHF4FSWFSTFF
$IBQUFS
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS

6TJOH.JDSPTPGU8JOEPXT.PCJMF¡%FWJDF$FOUFS
.JDSPTPGU8JOEPXT.PCJMF¡%FWJDF$FOUFSJTUIFSFQMBDFNFOUGPS
.JDSPTPGU¡"DUJWF4ZOD¡PO8JOEPXT7JTUB¡
/PUF 4PNFWFSTJPOTPG8JOEPXT7JTUBDPNFQSFJOTUBMMFEXJUI8JOEPXT.PCJMF
%FWJDF$FOUFS*G8JOEPXT.PCJMF%FWJDF$FOUFSJTOPUBWBJMBCMFPOZPVS
8JOEPXT7JTUBZPVDBOJOTUBMMJUGSPNUIF(FUUJOH4UBSUFE%JTDUIBUDBNFXJUI
ZPVSQIPOF
4FUVQTZODISPOJ[BUJPOCFUXFFOZPVSQIPOFBOE1$
 $POOFDUZPVSQIPOFUPZPVS1$8JOEPXT.PCJMF%FWJDF$FOUFS
DPOñHVSFTJUTFMGBOEUIFOPQFOT
 0OUIFMJDFOTFBHSFFNFOUTDSFFODMJDL"DDFQU
 0OUIF8JOEPXT.PCJMF%FWJDF)PNFTDSFFODMJDL4FUVQZPVS
EFWJDF
 4FMFDUUIFJOGPSNBUJPOUZQFTUIBUZPVXBOUUPTZODISPOJ[FUIFODMJDL
/FYU
 &OUFSBEFWJDFOBNFGPSZPVSQIPOFBOEDMJDL4FU6Q
8IFOZPVGJOJTIUIFXJ[BSE8JOEPXT.PCJMF%FWJDF$FOUFSTZODISPOJ[FT
ZPVSQIPOFBVUPNBUJDBMMZ/PUJDFUIBU0VUMPPLFNBJMTBOEPUIFS
JOGPSNBUJPOXJMMBQQFBSPOZPVSQIPOFBGUFSTZODISPOJ[BUJPO
/PUF *OTUFQDIPPTF$POOFDUXJUIPVUTFUUJOHVQZPVSEFWJDFJGZPVPOMZXBOU
UPUSBOTGFSNFEJBGJMFTDIFDLGPSVQEBUFTBOEFYQMPSFZPVSQIPOFCVUOPU
TZOD0VUMPPLJOGPSNBUJPO
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
*OTUBMMJOHBOE6TJOH.JDSPTPGU"DUJWF4ZOD¡
'PMMPXUIFTUFQTCFMPXUPJOTUBMMBOETFUVQ"DUJWF4ZODPSMBUFSPO
8JOEPXT91PSPUIFSDPNQBUJCMF8JOEPXTTZTUFNT
/PUF 'PSBMJTUPGDPNQBUJCMF8JOEPXTTZTUFNTQMFBTFHPUP
IUUQXXXNJDSPTPGUDPNXJOEPXTNPCJMFBDUJWFTZODBDUJWFTZODNTQY
*OTUBMMBOETFUVQ"DUJWF4ZOD
 *OTFSUUIF(FUUJOH4UBSUFE%JTDJOUPUIFEJTDESJWFPOZPVS1$
 'PMMPXUIFPOTDSFFOJOTUSVDUJPOTUPJOTUBMM"DUJWF4ZOD
 "GUFSJOTUBMMBUJPOJTDPNQMFUFEDPOOFDUZPVSQIPOFUPZPVS1$
 5IF4ZODISPOJ[BUJPO4FUVQ8J[BSEBVUPNBUJDBMMZTUBSUTBOEHVJEFT
ZPVUPDSFBUFBTZODISPOJ[BUJPOSFMBUJPOTIJQ$MJDL/FYUUPQSPDFFE
 5PTZODISPOJ[FZPVSQIPOFXJUIZPVSDPNQVUFSDMFBSUIF
4ZODISPOJ[FEJSFDUMZXJUIBTFSWFSSVOOJOH.JDSPTPGU&YDIBOHF
4FSWFSDIFDLCPYUIFODMJDL/FYU
 4FMFDUUIFJOGPSNBUJPOUZQFTUIBUZPVXBOUUPTZODISPOJ[FBOEUIFO
DMJDL/FYU
 $MJDL'JOJTI
8IFOZPVGJOJTIUIFXJ[BSE"DUJWF4ZODTZODISPOJ[FTZPVSQIPOF
BVUPNBUJDBMMZ/PUJDFUIBU0VUMPPLFNBJMTBOEPUIFSJOGPSNBUJPOXJMM
BQQFBSPOZPVSQIPOFBGUFSTZODISPOJ[BUJPO
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
4ZODISPOJ[JOHXJUI:PVS$PNQVUFS
$POOFDUZPVSQIPOFUPZPVS1$UPTZODISPOJ[FUIFJOGPSNBUJPOCFUXFFO
ZPVSQIPOFBOE1$8IJMFZPVSQIPOFJTDPOOFDUFE"DUJWF4ZODPS
8JOEPXT.PCJMF%FWJDF$FOUFSPOZPVS1$TZODISPOJ[FTFWFSZUJNFZPV
NBLFBDIBOHFPOFJUIFSUIF1$PSZPVSQIPOF
:PVDBOBMTPNBOVBMMZTUBSUBOETUPQTZODISPOJ[BUJPOBOZUJNF
5PTUBSUBOETUPQTZODISPOJ[JOH
 "GUFSDPOOFDUJOHZPVSQIPOFUPZPVS1$DMJDL4UBSU"DUJWF4ZODPO
ZPVSQIPOF
 $MJDL4ZODUPTUBSUTZODISPOJ[BUJPO
5PFOETZODISPOJ[BUJPOCFGPSFJUDPNQMFUFTDMJDL4UPQ
5PDIBOHFXIJDIJOGPSNBUJPOJTTZODISPOJ[FE
:PVDBOBEEPSSFEVDFUIFUZQFTPGJOGPSNBUJPOUPTZODISPOJ[FCFUXFFO
ZPVSQIPOFBOE1$
 #FGPSFDIBOHJOHTZODISPOJ[BUJPOTFUUJOHTPOZPVSQIPOFEJTDPOOFDU
ZPVSQIPOFGSPNZPVS1$
 0OZPVSQIPOFDMJDL4UBSU"DUJWF4ZOD
 $MJDL.FOV0QUJPOT
 4FMFDUPSDMFBSUIFJUFNTZPVXBOUUPTZODISPOJ[FPSOPUTZODISPOJ[F
*GZPVDBOOPUTFMFDUBDIFDLCPYZPVNJHIUIBWFUPDMFBSUIFDIFDL
CPYGPSUIFTBNFJOGPSNBUJPOUZQFFMTFXIFSFJOUIFMJTU
 5PDVTUPNJ[FTFUUJOHTGPSBOJUFNTFMFDUUIBUJUFNBOEDMJDL4FUUJOHT
4FUUJOHTBSFOPUBWBJMBCMFGPSBMMJUFNT
/PUF5IFDIFDLCPYFTPGUIF'BWPSJUFT'JMFT.FEJBBOE0OF/PUFJUFNTBSFBMXBZT
HSBZFEPVUJO"DUJWF4ZOD0QUJPOTPOZPVSQIPOF:PVDBOPOMZTFMFDUPS
DMFBSUIFTFJUFNTGSPN8JOEPXT.PCJMF%FWJDF$FOUFSPS"DUJWF4ZODPOZPVS
DPNQVUFS
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
5PTZODISPOJ[FXJUINPSFUIBOPOFDPNQVUFS
:PVDBOTFUVQZPVSQIPOFUPTZODISPOJ[FXJUINPSFUIBOPOF1$PSXJUIB
DPNCJOBUJPOPGPOFPSNPSF1$TBOE&YDIBOHF4FSWFS8IFOTZODISPOJ[JOH
XJUINVMUJQMFDPNQVUFSTUIFJUFNTUIBUZPVTZODISPOJ[FXJMMBQQFBSPOBMM
PGUIFDPNQVUFSTXJUIXIJDIUIFZBSFTZODISPOJ[FE
'PSFYBNQMFJGZPVIBWFTFUVQTZODISPOJ[BUJPOXJUIUXP1$T1$BOE1$
XIJDIIBWFEJGGFSFOUJUFNTBOEZPVTZODISPOJ[F$POUBDUTBOE$BMFOEBSPO
ZPVSQIPOFXJUICPUIDPNQVUFSTUIFSFTVMUJTBTGPMMPXT
-PDBUJPO /FXTUBUF
1$ "MM0VUMPPLDPOUBDUTBOEDBMFOEBSBQQPJOUNFOUTUIBUXFSFPO1$
BSFOPXBMTPPO1$
1$ "MM0VUMPPLDPOUBDUTBOEDBMFOEBSBQQPJOUNFOUTUIBUXFSFPO1$
BSFOPXBMTPPO1$
1IPOF "MM0VUMPPLDPOUBDUTBOEDBMFOEBSBQQPJOUNFOUTGSPNCPUI1$
BOE1$BSFPOZPVSQIPOF
/PUFTr 0VUMPPLFNBJMDBOCFTZODISPOJ[FEXJUIPOMZPOFDPNQVUFS
r5PTUPQTZODISPOJ[JOHXJUIPOF1$DPNQMFUFMZDMJDL.FOV0QUJPOT
DMJDLUIFDPNQVUFSOBNFUIFODMJDL.FOV%FMFUF
5PSFTPMWF"DUJWF4ZODDPOOFDUJPOQSPCMFN
8IFOUIF1$JTDPOOFDUFEUPUIF*OUFSOFUPSBMPDBMOFUXPSLJOTPNFDBTFT
UIF1$NBZEJTDPOOFDUUIF"DUJWF4ZODDPOOFDUJPOXJUIZPVSQIPOFJO
GBWPSPGUIF*OUFSOFUPSOFUXPSLDPOOFDUJPO*GUIJTIBQQFOTDMJDL4UBSU
4FUUJOHT$POOFDUJPOT64#UP1$UIFODMFBSUIF&OBCMFBEWBODFE
OFUXPSLGVODUJPOBMJUZDIFDLCPY5IJTNBLFT"DUJWF4ZODVUJMJ[FBTFSJBM64#
DPOOFDUJPOXJUIZPVSQIPOF
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
4ZODISPOJ[JOHWJB#MVFUPPUI
:PVDBODPOOFDUBOETZODISPOJ[FZPVSQIPOFXJUIUIF1$VTJOH#MVFUPPUI
5PTZODISPOJ[FXJUIBDPNQVUFSWJB#MVFUPPUI
 4FUVQUIFTZODISPOJ[BUJPOTPGUXBSF8JOEPXT.PCJMF%FWJDF$FOUFS
PS"DUJWF4ZODPOZPVSDPNQVUFSUPVTFB#MVFUPPUIDPOOFDUJPO'PS
NPSFJOGPSNBUJPOTFFUIFTPGUXBSF)FMQPOZPVSDPNQVUFS
 0OZPVSQIPOFDMJDL4UBSU"DUJWF4ZOD
 .BLFTVSFUIBU#MVFUPPUIPOCPUIZPVSQIPOFBOEUIFDPNQVUFS
BSFUVSOFEPOBOETFUUP7JTJCMFNPEF'PSNPSFJOGPSNBUJPOTFF
i#MVFUPPUIuJO$IBQUFS
 $MJDL.FOV$POOFDUWJB#MVFUPPUI
 *GUIJTJTUIFñSTUUJNFZPVIBWFDPOOFDUFEUPUIJTDPNQVUFSWJB
#MVFUPPUIZPVNVTUñSTUDPNQMFUFUIF#MVFUPPUIXJ[BSEPOZPVS
QIPOFBOETFUVQB#MVFUPPUIQBSUOFSTIJQCFUXFFOZPVSQIPOF
BOEUIFDPNQVUFS'PSNPSFJOGPSNBUJPOBCPVUDSFBUJOHB#MVFUPPUI
QBSUOFSTIJQTFFi#MVFUPPUIQBSUOFSTIJQTuJO$IBQUFS
/PUFT r 5PQSFTFSWFCBUUFSZQPXFSUVSOPGG#MVFUPPUIXIFOOPUJOVTF
r5PDPOOFDUBOETZODISPOJ[FZPVSQIPOFXJUIBDPNQVUFSWJB#MVFUPPUI
ZPVSDPNQVUFSNVTUIBWFCVJMUJO#MVFUPPUIPSJOTUBMMFEXJUIB#MVFUPPUI
BEBQUFSPSEPOHMF
4ZODISPOJ[JOH*OGPSNBUJPOXJUI:PVS$PNQVUFS
4ZODISPOJ[JOH.VTJDBOE7JEFP
*GZPVXBOUUPDBSSZZPVSNVTJDPSPUIFSEJHJUBMNFEJBBMPOHXJUIZPVXIJMF
ZPVUSBWFMTFUVQ.JDSPTPGU8JOEPXT.FEJB1MBZFSPOZPVSDPNQVUFSUP
TZODISPOJ[FNVTJDBOEWJEFPXJUIZPVSQIPOF
0UIFSUIBOTFMFDUJOHUIFNFEJBJOGPSNBUJPOUZQFJO"DUJWF4ZODUPCF
TZODISPOJ[FEBMMNFEJBTZODISPOJ[BUJPOTFUUJOHTNVTUCFTFUJO8JOEPXT
.FEJB1MBZFS#FGPSFNFEJBDBOCFTZODISPOJ[FEZPVNVTUEPUIFGPMMPXJOH
r *OTUBMM8JOEPXT.FEJB1MBZFS7FSTJPOPOUIF1$8JOEPXT.FEJB
1MBZFSXPSLTPOMZJO8JOEPXT91PSMBUFSWFSTJPOT
r $POOFDUZPVSQIPOFUPUIF1$XJUIB64#DBCMF
r 4FUVQBTZODQBSUOFSTIJQCFUXFFOUIFQIPOFBOE8JOEPXT.FEJB
1MBZFS
'PSNPSFJOGPSNBUJPOBCPVU8JOEPXT.FEJB1MBZFSPOZPVSQIPOFTFF
i8JOEPXT.FEJB1MBZFS.PCJMFuJO$IBQUFS
$IBQUFS
.BOBHJOHZPVS1IPOF
1FSTPOBMJ[JOH:PVS1IPOF
"EEJOHBOE3FNPWJOH1SPHSBNT
6TJOH5BTL.BOBHFSBOE.BOBHJOH.FNPSZ
.BOBHJOHBOE#BDLJOH6Q'JMFT
1SPUFDUJOH:PVS1IPOF
3FTUBSUJOH:PVS1IPOF
3FTFUUJOH:PVS1IPOF
.BOBHJOHZPVS1IPOF
1FSTPOBMJ[JOH:PVS1IPOF
4FUVQUIF)PNFTDSFFO
5IF)PNFTDSFFOJTUIFTUBSUJOHQMBDFGPSNPTUPGUIFUBTLTZPVQFSGPSN
POZPVSQIPOF:PVDBOHBJOBDDFTTUPBMMGFBUVSFTBOEQSPHSBNTGSPNUIF
)PNFTDSFFO
5PDVTUPNJ[FUIF)PNFTDSFFO
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT)PNF4DSFFO
 *O)PNFTDSFFOMBZPVU$PMPSTDIFNF#BDLHSPVOEJNBHFBOE
5JNFPVUTFMFDUUIFPQUJPOTZPVXBOUBOEDMJDL%POF
5PTFUBQJDUVSFBTUIFCBDLHSPVOE
 0OUIF)PNFTDSFFODMJDL4UBSU1JDUVSFT7JEFPT
 4FMFDUUIFQJDUVSFZPVXBOUUPTFUBTUIFCBDLHSPVOE$MJDL7JFXPS
QSFTT$&/5&30,GPSBMBSHFSWJFXPGUIFJNBHF
 $MJDL.FOV6TFBT)PNF4DSFFO
 6TFUIF/"7*("5*0/$0/530-UPTFMFDUUIFQPSUJPOPGUIFQJDUVSF
ZPVXBOUUPVTFBOEDMJDL/FYU
 *O"EKVTUUIFUSBOTQBSFODZTFMFDUBIJHIFSQFSDFOUBHFGPSBNPSF
USBOTQBSFOUQJDUVSFBOEUIFODMJDL'JOJTI
/PUF *GUIFQJDUVSFGJUTUIFTDSFFOTUFQJTTLJQQFE
4FUEBUFUJNFMBOHVBHFBOEPUIFSSFHJPOBMPQUJPOT
:PVSQIPOFTIPVMEBMSFBEZCFTFUVQXJUIUIFSFHJPOBMTFUUJOHTUIBUBSF
BQQSPQSJBUFGPSZPVSMPDBMF
5PDIBOHFSFHJPOBMTFUUJOHT
:PVDBOTQFDJGZUIFMBOHVBHFMPDBMFEBUFBOEUJNFTUZMFBTXFMMBTOVNCFS
BOEDVSSFODZGPSNBUUJOHPQUJPOT
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT3FHJPOBM4FUUJOHT
 *O-BOHVBHFTFMFDUZPVSQSFGFSSFEMBOHVBHF
 *O-PDBMFTFMFDUUIFMPDBMFGPSUIFMBOHVBHFZPVTFMFDUFE5IF-PDBMF
PQUJPOBVUPNBUJDBMMZDIBOHFTUIFGPSNBUPGUIFSFNBJOJOHPQUJPOT
TVDIBTEBUFUJNFBOEDVSSFODZBDDPSEJOHUPUIFMPDBMFZPVTQFDJGZ
 $MJDL%POF
.BOBHJOHZPVS1IPOF
5PTFUUIFEBUFBOEUJNF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$MPDL"MBSN%BUF
BOE5JNF
 4FUUIF5JNF[POF%BUFBOE5JNFBOEUIFODMJDL%POF
$IPPTFIPXUPCFOPUJGJFEBCPVUFWFOUTPSBDUJPOT
"QSPGJMFJTBHSPVQPGTFUUJOHTUIBUEFUFSNJOFIPXZPVSQIPOFXJMMBMFSUZPV
UPQIPOFFWFOUTTVDIBTJODPNJOHDBMMTBOEOPUJGJDBUJPOT
5PDIBOHFUIFDVSSFOUQSPñMF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT1SPñMFT
 $IPPTFBOFXQSPñMFBOEDMJDL%POF
5JQ 5PRVJDLMZDIBOHFUIFQSPGJMFCSJFGMZQSFTT108&3UPEJTQMBZUIF2VJDL-JTU
BOEDIPPTFBQSPGJMF
5PFEJUBQSPñMF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT1SPñMFT
 4FMFDUUIFQSPñMFUPFEJU
 $MJDL.FOV&EJU
 .PEJGZUIFTFUUJOHTBOEDMJDL%POF5PDBODFMXJUIPVUTBWJOH
DIBOHFTDMJDL$BODFM
5JQ 5PSFWFSUUPUIFEFGBVMUQSPGJMFTFUUJOHTDMJDL.FOV3FTFUUPEFGBVMU
5PTQFDJGZUIFTPVOEGPSBOFWFOU
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4PVOET
 'PSUIFEFTJSFEFWFOUTFMFDUBTPVOE4FMFDU/POFJGZPVEPOPUXBOU
UPIFBSBTPVOE
 $MJDL%POF
/PUF 'PSSJOHUPOFTZPVDBOVTFTPVOEGJMFTJOFJUIFSUIFXBWNJEXNBPS
NQGJMFGPSNBU'PSOPUJGJDBUJPOTPSSFNJOEFSTZPVDBOVTFXBWPSNJE
GJMFT
5JQ 8IFOZPVTFMFDUBTPVOEUIFTPVOEQMBZT5PIFBSJUBHBJOTFMFDU.FOV
1MBZ
.BOBHJOHZPVS1IPOF
5PTFUTPVOEGPSUIFLFZQBEBOELFZCPBSE
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4PVOET
 *O,FZQBEDPOUSPMTFMFDUBTPVOE4FMFDU/POFJGZPVEPOPUXBOUUP
IFBSBOZTPVOEXIJMFQSFTTJOHBLFZ
 $MJDL%POF
5PDPQZBTPVOEUPZPVSQIPOF
"GUFSBTPVOEGJMFJTMPDBUFEPOZPVSQIPOFZPVDBOVTFJUGPSBSJOHUPOF
OPUJGJDBUJPOPSSFNJOEFS4PVOEGJMFTJOFJUIFSXBWNJEXNBPSNQ
GPSNBUTDBOCFVTFE
 $POOFDUUIFQIPOFUPZPVS1$VTJOHB64#DPOOFDUJPO
 0OZPVS1$DPQZUIFTPVOEñMFZPVXBOU
 *O8JOEPXT.PCJMF%FWJDF$FOUFSDMJDL'JMF.BOBHFNFOU#SPXTF
UIFDPOUFOUTPGZPVSEFWJDF
0S
*O"DUJWF4ZODPOZPVS1$DMJDL&YQMPSFBOEEPVCMFDMJDL.Z
8JOEPXT.PCJMF#BTFE%FWJDF
 4BWFUIFTPVOEñMFPOZPVSQIPOFCZHPJOHUP"QQMJDBUJPO%BUB
4PVOETBOEQBTUJOHUIFñMFJOUPUIBUGPMEFS
5PTFUBOBMBSN
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$MPDL"MBSN"MBSN
 *O"MBSNUJNFFOUFSUIFUJNFGPSUIFBMBSNUPHPPí
"MBSNJDPO
 *O"MBSNDIPPTFXIJDIXIFUIFS
UPIBWFUIFBMBSNHPPíFWFSZ
EBZPSPOXFFLEBZTPOMZ5P
EJTBCMFUIFBMBSNTFMFDU0í
 $MJDL%POF5IF"MBSNJDPO
BQQFBSTPOUIF5JNFEJTQMBZBSFB
PG)5$)PNF
.BOBHJOHZPVS1IPOF
4FUQFSTPOBMJOGPSNBUJPO
&OUFSJOHBOEEJTQMBZJOHPXOFSJOGPSNBUJPOBSFCFTUQSBDUJDFTUIFZBMMPX
TPNFPOFUPSFUVSOUIFQIPOFUPZPVJODBTFJUJTMPTU
5PFOUFSPXOFSJOGPSNBUJPO
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT0XOFS*OGPSNBUJPO
 &OUFSUIFOFDFTTBSZJOGPSNBUJPOBOEDMJDL%POF
4FUQFSGPSNBODFBOENBJOUFOBODFPQUJPOT
5PDIBOHFBDDFTTJCJMJUZTFUUJOHT
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT"DDFTTJCJMJUZ
 4FMFDUZPVSQSFGFSFODFGPSUIFGPMMPXJOH
r*O4ZTUFNGPOUTJ[FTFUUIFTJ[FPGUIFGPOUUIBUJTEJTQMBZFEPOUIF
TDSFFO
r*O.VMUJQSFTTUJNFPVUTFUUIFMFOHUIPGUJNFCFUXFFOLFZQSFTTFT
XIFOFOUFSJOHUFYUJO.VMUJQSFTTNPEF
r*O$POGJSNBUJPOUJNFPVUTFUUIFEFMBZCFGPSFBOVODPOGJSNFE
BDUJPOUJNFTPVU
r*O*ODBMMBMFSUWPMVNFTFUUIFWPMVNFGPSJODPNJOHDBMMPS
SFDFJWJOHOFXNFTTBHFBMFSUTXIJMFZPVBSFJOBDBMM
 $MJDL%POF
5PDIBOHFQPXFSNBOBHFNFOUTFUUJOHT
:PVDBOVTF1PXFS.BOBHFNFOUUPDIFDLUIFCBUUFSZBOEDPOGJHVSF
TFUUJOHTUIBUQSPMPOHCBUUFSZMJGF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT1PXFS.BOBHFNFOU
 "EKVTUUIFBWBJMBCMFTFUUJOHT
r
*O-JHIU4FOTPS&OBCMFTFMFDUXIFUIFSUPUVSOJUPOPSPGG*GUIJTJT
UVSOFEPOUIFMJHIUTFOTPSTFOTFTUIFEBSLDPOEJUJPOTBOEBDUJWBUFT
BCBDLMJHIUVOEFSUIFLFZQBEBOELFZCPBSE
r
*O8IFOEFWJDFJTUVSOFEPOEPOPUDIBSHFUIFCBUUFSZXIFO
DPOOFDUFEUP1$TFMFDU0GGJGZPVXBOUUPDIBSHFUIFQIPOFCBUUFSZ
XIFOUIFQIPOFJTDPOOFDUFEUPUIFDPNQVUFSUISPVHI64#
 $MJDL%POF
.BOBHJOHZPVS1IPOF
5JQ .BJOCBUUFSZJOEJDBUFTUIFBNPVOUPGCBUUFSZMJGFSFNBJOJOH
5PñOEUIFPQFSBUJOHTZTUFNWFSTJPOOVNCFS
r 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT"CPVU
5PñOEUIFQIPOFTQFDJñDBUJPO
r 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT%FWJDF*OGPSNBUJPO
5PUVSOPOBOEPíFSSPSSFQPSUJOH
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT&SSPS3FQPSUJOH
 4FMFDU&OBCMFPS%JTBCMFBOEDMJDL%POF
"EEJOHBOE3FNPWJOH1SPHSBNT
#FGPSFZPVQVSDIBTFBEEJUJPOBMQSPHSBNTGPSZPVSQIPOFNBLFTVSFUIBU
UIFZBSFDPNQBUJCMFGPS8JOEPXT.PCJMF¡4UBOEBSEPQFSBUJOHTZTUFN
5PBEEQSPHSBNT
 %PXOMPBEUIFQSPHSBNUPZPVS1$PSJOTFSUUIFEJTDUIBUDPOUBJOT
UIFQSPHSBNJOUPZPVS1$:PVNBZTFFBTJOHMFFYFñMFB[JQñMFB
4FUVQFYFñMFPSTFWFSBMWFSTJPOTPGñMFTGPSEJíFSFOUEFWJDFUZQFTBOE
QSPDFTTPST#FTVSFUPTFMFDUBQSPHSBNEFTJHOFEGPSZPVSQIPOFBOE
QSPDFTTPSUZQF
 3FBEUIFJOTUBMMBUJPOJOTUSVDUJPOTUIBUDBNFXJUIUIFQSPHSBN
 $POOFDUZPVSQIPOFUPUIF1$BOEUIFOEPVCMFDMJDLUIFFYFñMF
5PSFNPWFBQSPHSBN
1SPHSBNTUIBUBSFQSFJOTUBMMFEPOUIFQIPOFDBOOPUCFSFNPWFE
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT3FNPWF1SPHSBNT
 4DSPMMUPUIFQSPHSBNUPSFNPWFBOEUIFODMJDL.FOV3FNPWF
.BOBHJOHZPVS1IPOF
6TJOH5BTL.BOBHFSBOE.BOBHJOH.FNPSZ
$IFDL.FNPSZ4UBUVT
5PTFFIPXNVDINFNPSZJTBWBJMBCMF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT"CPVU
 4DSPMMEPXOUPDIFDLUIF"WBJMBCMF.FNPSZ
5PTFFIPXNVDITUPSBHFTQBDFJTBWBJMBCMF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT"CPVU
 4DSPMMEPXOUPDIFDLUIF"WBJMBCMF4UPSBHF
6TF5BTL.BOBHFS
5BTL.BOBHFSBMMPXTZPVUPWJFXBMMUIFQSPHSBNTDVSSFOUMZSVOOJOHPOZPVS
QIPOFJOUIFGPSNPGBMJTU
5PTUBSU5BTL.BOBHFS
 0OUIF)PNFTDSFFODMJDL4UBSU5BTL.BOBHFS
 0OUIF5BTL.BOHFSTDSFFODMJDL.FOVUPPQFOBMJTUUIBUMFUTZPV
HPUPBTQFDJñDQSPHSBNTUPQSVOOJOHQSPHSBNTBOEWJFXTZTUFN
JOGPSNBUJPO
 5PTUPQBSVOOJOHQSPHSBNTFMFDUBQSPHSBNPOUIFMJTUBOEDMJDL
.FOV4UPQ
 5PTUPQBMMSVOOJOHQSPHSBNTDMJDL.FOV4UPQ"MM
.BOBHJOHZPVS1IPOF
.BOBHJOHBOE#BDLJOH6Q'JMFT
:PVDBOCBDLVQGJMFTUPZPVS1$VTJOH8JOEPXT.PCJMF%FWJDF$FOUFSPS
"DUJWF4ZODPSDPQZGJMFTUPBTUPSBHFDBSEUIBUJTJOTUBMMFEPOZPVSQIPOF
:PVDBOBMTPFGGJDJFOUMZNBOBHFZPVSGJMFTBOEGPMEFSTVTJOH'JMF&YQMPSFS
JOTUBMMFEPOZPVSQIPOF
5PDPQZñMFTVTJOH8JOEPXT.PCJMF%FWJDF$FOUFS"DUJWF4ZODUPUIF1$
 $POOFDUZPVSQIPOFUPZPVS1$
 *O8JOEPXT.PCJMF%FWJDF$FOUFSDMJDL'JMF.BOBHFNFOU#SPXTF
UIFDPOUFOUTPGZPVSEFWJDF
0S
*O"DUJWF4ZODPOZPVS1$DMJDL&YQMPSF5IJTPQFOTUIF.PCJMF%FWJDF
GPMEFSGPSZPVSQIPOF
 #SPXTFZPVSQIPOFGPSñMFTUIBUZPVXBOUUPDPQZUPZPVS1$
 4FMFDUBOEDPQZUIFñMFT<$USM$>BOEUIFOQBTUFUIFN<$USM7>UP
UIFEFTUJOBUJPOGPMEFSJOUIF1$
$PQZJOHBGJMFSFTVMUTJOTFQBSBUFWFSTJPOTPGBGJMFPOZPVSQIPOFBOE1$
$IBOHFTNBEFUPPOFGJMFXJMMOPUBGGFDUUIFPUIFSTJODFUIFGJMFTBSFOPU
TZODISPOJ[FE
6TF'JMF&YQMPSFS
'JMF&YQMPSFSQSPWJEFTNBOZFBTZUPVTFGFBUVSFTGPSGJMFBOEGPMEFS
NBOBHFNFOU
5PTUBSU'JMF&YQMPSFS
r 0OUIF)PNFTDSFFODMJDL4UBSU'JMF&YQMPSFS
'JMF&YQMPSFSPQFSBUFTJOUIFGPMMPXJOHUXPWJFXT
r -JTU7JFX
r *DPOT7JFX
'JMF&YQMPSFSEJTQMBZTUIFFOUJSFGJMFTUSVDUVSFJOZPVSQIPOFTNFNPSZ5IF
GVODUJPOTGPDVTQSJNBSJMZPOGPMEFSNBOBHFNFOU8IFOJOJUJBMMZTUBSUFE'JMF
&YQMPSFSJTJO-JTU7JFXCZEFGBVMU5PTXJUDICFUXFFOWJFXTDMJDL.FOV
7JFX*DPOTPS-JTU
.BOBHJOHZPVS1IPOF
 
'JMF&YQMPSFS-JTU7JFX  'JMF&YQMPSFS*DPOT7JFX
*O'JMF&YQMPSFSDMJDL.FOVUPPQFOBMJTUUIBU
MFUTZPVTFOEPSCFBNUIFGJMFWJFXUIFGJMFT
QSPQFSUJFTTPSUUIFGJMFTBOENPSF
5PTFOEBñMFBTBOFNBJMBUUBDINFOU
 *O'JMF&YQMPSFSTFMFDUBñMFBOEDMJDL.FOV4FOE
 0OUIF.FTTBHJOHTDSFFOTFMFDUBOFNBJMBDDPVOU
 5IFñMFXJMMBVUPNBUJDBMMZCFBUUBDIFEUPUIFOFXNFTTBHF4QFDJGZ
UIFSFDJQJFOUBOETVCKFDUBOEUZQFZPVSNFTTBHF
 $MJDL4FOE
/PUF :PVDBOBMTPTFOEUIFGJMFWJB..4
.BOBHJOHZPVS1IPOF
1SPUFDUJOH:PVS1IPOF
:PVDBOQSPUFDUZPVSQIPOFGSPNVOBVUIPSJ[FEVTFCZSFRVJSJOHB1*/
QFSTPOBMJEFOUJGJDBUJPOOVNCFSJOPSEFSUPNBLFDBMMT"EEJUJPOBMMZZPV
DBOBMTPMPDLUIFLFZQBELFZCPBSEPSUIFFOUJSFQIPOF
5PFOBCMFUIF4*.1*/

0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4FDVSJUZ&OBCMF4*.1*/
 &OUFSZPVS1*/BOEDMJDL%POF
/PUF 5PDBODFMXJUIPVUFOBCMJOHUIF4*.1*/DMJDL$BODFM
5PEJTBCMFUIF4*.1*/

0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4FDVSJUZ%JTBCMF4*.1*/
 &OUFSZPVS1*/BOEDMJDL%POF
5PDIBOHFUIF4*.1*/
#FTVSFUPNBLFBOPUFPGZPVS1*/8IFOUIF4*.1*/JTFOBCMFEZPVNVTU
QSPWJEFUIJT1*/UPVOMPDLUIFQIPOF
 $MJDL4UBSU4FUUJOHT4FDVSJUZ$IBOHF4*.1*/
 *O0ME1*/FOUFSUIFDVSSFOU1*/
 &OUFSBOEDPOñSNUIFOFX1*/BOEDMJDL%POF
5PMPDLUIFLFZQBEBOELFZCPBSE
-PDLJOHUIFLFZQBEBOELFZCPBSEUVSOTPGGJUTGVODUJPOBMJUZ5IJTJTBIFMQGVM
GFBUVSFJGGPSFYBNQMFUIFQIPOFJTUVSOFEPOBOEJOZPVSQPDLFUBOEZPV
XBOUUPQSFWFOUBDDJEFOUBMLFZQSFTTFT
r 0OUIF)PNFTDSFFOQSFTTBOEIPME&/%
 
0ODFUIFLFZQBEBOE
LFZCPBSEBSFMPDLFEUIFMFGUTPGULFZMBCFMDIBOHFTUP6OMPDL
5JQ 5PRVJDLMZMPDLUIFLFZQBEBOELFZCPBSEQSFTT108&3CSJFGMZUPEJTQMBZUIF
2VJDL-JTUBOETFMFDU-PDL
/PUF :PVDBOTUJMMSFDFJWFDBMMTBOENBLFFNFSHFODZDBMMTXIFOUIFLFZQBEBOE
LFZCPBSEBSFMPDLFE
.BOBHJOHZPVS1IPOF
5PVOMPDLUIFLFZQBEBOELFZCPBSE
r 0OUIF)PNFTDSFFODMJDL6OMPDLBOEQSFTTUIF95LFZ
5JQ #ZEFGBVMUUIFLFZQBEXJMMCFDPNFVOMPDLFEXIFOZPVTMJEFUIF28&35:
LFZCPBSEPVU:PVDBODIBOHFUIFTFUUJOHCZDMJDLJOH4UBSU4FUUJOHT
#VUUPO-PDLBOEUIFOTFMFDUJOHPSDMFBSJOHUIF6OMPDLEFWJDFXIFO
LFZQBEJTPQFOFEPQUJPO
5PFOBCMFUIFQIPOFMPDL
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT4FDVSJUZ%FWJDFMPDL
 4FMFDU1SPNQUJGEFWJDFVOVTFEGPSUIFOTFMFDUUIFBNPVOUPGUJNF
GPSUIFQIPOFUPCFJOBDUJWFCFGPSFBVUPNBUJDBMMZMPDLJOH
 4FMFDUUIF1BTTXPSEUZQFUIFOFOUFSBOEDPOñSNZPVSQBTTXPSE
 $MJDL%POF
/PUF 0ODFZPVDPOGJHVSFUIFQIPOFMPDLTFUUJOHTZPVDBOFOBCMFUIFQIPOFMPDL
GSPNUIF2VJDL-JTUEJSFDUMZXJUIPVUDPOGJHVSJOHUIFTFUUJOHTBHBJO
5PEJTBCMFUIFQIPOFMPDL
r $MJDL6OMPDLBOEUIFOFOUFSUIFQBTTXPSEZPVIBWFTFUUPVOMPDL
ZPVSQIPOF
5PFODSZQUñMFTPOUIFNJDSP4%DBSE
r $MJDL4UBSU4FUUJOHT4FDVSJUZ&ODSZQUJPOBOETFMFDU&ODSZQU
ñMFTQMBDFEPOTUPSBHFDBSET
3FTUBSUJOH:PVS1IPOF
3FTUBSUZPVSQIPOFXIFOBQSPHSBNJTOPUQFSGPSNJOHQSPQFSMZPSUIF
QIPOFJTOPUSFTQPOEJOHUPBOZLFZQSFTTFT
5PSFTUBSUUIFQIPOF
 3FNPWFUIFCBUUFSZ
 8BJUGPSUISFFTFDPOETUIFOSFJOTFSUUIFCBUUFSZBOEUVSOPOZPVS
QIPOF
8"3/*/( *GUIFQIPOFJTSFTUBSUFEXIJMFBQSPHSBNJTSVOOJOHBOZVOTBWFE
XPSLXJMMCFMPTU
.BOBHJOHZPVS1IPOF
3FTFUUJOH:PVS1IPOF
3FTFUUJOHZPVSQIPOFXJMMSFNPWFBMMUIFEBUBGSPNJUTNFNPSZBOESFTUPSF
UIFQIPOFCBDLUPUIFGBDUPSZEFGBVMUTFUUJOHT
/PUF*G&ODSZQUGJMFTQMBDFEPOTUPSBHFDBSETJTPSXBTFOBCMFECFGPSFUIFO
CBDLVQBMMGJMFTGSPNUIFTUPSBHFDBSE#&'03&VTJOH$MFBS4UPSBHFPS
VQEBUJOHUIF30.TZTUFNTPGUXBSF0UIFSXJTFZPVXJMMOPMPOHFSCFBCMFUP
BDDFTTUIFFODSZQUFEGJMFTPOUIFTUPSBHFDBSE6TF"DUJWF4ZODPS8JOEPXT
.PCJMF%FWJDF$FOUFSUPUSBOTGFSGJMFTCFUXFFOZPVSTUPSBHFDBSEBOE
DPNQVUFS"GUFSUIFQSPDFEVSFDPQZZPVSGJMFTCBDLUPUIFTUPSBHFDBSE
8"3/*/( #FDBVTFBMMZPVSEBUBXJMMCFEFMFUFEJUJTSFDPNNFOEFEUIBUZPVCBDL
VQZPVSEBUBGJSTUCFGPSFSFTFUUJOHZPVSQIPOF
5PSFTFUZPVSQIPOF
 $MJDL4UBSU"DDFTTPSJFT$MFBS4UPSBHF
 'PMMPXUIFPOTDSFFOJOTUSVDUJPOTUPSFTFUUIFQIPOF5IFQIPOFXJMM
SFTUBSUBGUFSJUIBTCFFOSFTFU
$IBQUFS
0SHBOJ[JOH1IPOF*OGPSNBUJPO
$POUBDUT
4*..BOBHFS
$BMFOEBS
5BTLT
2VJDL/PUFT
7PJDF/PUFT
.BOBHJOHZPVS1IPOF
$POUBDUT
$POUBDUTJTZPVSBEESFTTCPPLBOEJOGPSNBUJPOTUPSBHFGPSUIFQFPQMFBOE
CVTJOFTTFTZPVDPNNVOJDBUFXJUI
*GZPVVTF0VUMPPLPOZPVS1$ZPVDBOTZODISPOJ[FDPOUBDUTCFUXFFOZPVS
QIPOFBOE1$
$SFBUFBDPOUBDUPOZPVSQIPOF
5PDSFBUFBOFXDPOUBDUPOZPVSQIPOF
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT/FX0VUMPPL
$POUBDU
5PDSFBUFBOFXDPOUBDUPOZPVS4*.64*.DBSETFMFDU4*.$POUBDU
:PVDBOBMTPVTF4*..BOBHFSUPBEEDPOUBDUTUPZPVS4*.64*.DBSE
'PSNPSFJOGPSNBUJPOBCPVU4*..BOBHFSTFFi4*..BOBHFSuJOUIJT
DIBQUFS
 &OUFSJOGPSNBUJPOGPSUIFOFXDPOUBDU
r 5PFBTJMZJEFOUJGZUIFDBMMFSZPVDBOBTTJHOBDVTUPNSJOHUPOFUP
FBDI0VUMPPLDPOUBDU5PBTTJHOBDVTUPNSJOHUPOFTDSPMMEPXOUP
$VTUPNSJOHUPOFBOETFMFDUUIFEFTJSFESJOHUPOF
r 5PBTTJHOBQJDUVSFUPBDPOUBDUTDSPMMEPXOUP1JDUVSFTBOEDMJDL
4FMFDUBQJDUVSFBOETFMFDUUIFQJDUVSFZPVXBOU5PSFNPWFUIF
QJDUVSFDMJDL.FOV3FNPWF1JDUVSF
 $MJDL%POF
5JQ*GTPNFPOFXIPJTOPUJOZPVSMJTUPGDPOUBDUTDBMMTZPVPSTFOETZPVB
NFTTBHFZPVDBORVJDLMZDSFBUFBDPOUBDUGSPN$BMM)JTUPSZPSGSPNUIF
NFTTBHFCZDMJDLJOH.FOV4BWFUP$POUBDUT
.BOBHJOHZPVS1IPOF
&EJUBOEDBMMBDPOUBDU
5PWJFXBOEFEJUBDPOUBDUJOGPSNBUJPO
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUUIFDPOUBDUXIPTFJOGPSNBUJPOZPVXBOUUPWJFXPSFEJUBOE
DMJDL.FOV&EJU
 8IFOñOJTIFENBLJOHDIBOHFTDMJDL%POF
5PDBMMBDPOUBDUGSPNUIFDPOUBDUMJTU
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUUIFDPOUBDUUPDBMMBOEQSFTT5"-, 5IFDPOUBDUTEFGBVMU
QIPOFOVNCFSJTEJBMFE
5JQ 5PDBMMBQIPOFOVNCFSPUIFSUIBOUIFEFGBVMUDMJDLUIFDPOUBDUTDSPMMUPUIF
OVNCFSZPVXBOUUPEJBMBOEQSFTT5"-, 
'JOEBDPOUBDU
5PñOEBDPOUBDU
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 %PPOFPGUIFGPMMPXJOH
r #FHJOFOUFSJOHBOBNFPSQIPOFOVNCFSPGUIFDPOUBDUVOUJMUIF
DPOUBDUJTEJTQMBZFE8IFOZPVQSFTTBLFZTVDIBTZPVGJOE
GJSTUBOEMBTUOBNFTUIBUCFHJOXJUI+,BOE-BTXFMMBTQIPOF
OVNCFSTUIBUTUBSUXJUI5IFOFYULFZZPVQSFTTDPOUJOVFTUP
OBSSPXUIFTFBSDI
r *GZPVIBWFBTTJHOFEDBUFHPSJFTFH#VTJOFTTUPZPVS0VUMPPL
DPOUBDUTZPVDBOGJMUFSUIFDPOUBDUMJTUCZDBUFHPSJFT*OUIF
DPOUBDUMJTUDMJDL.FOV'JMUFSBOEUIFODMJDLBDBUFHPSZ5PTIPX
BMMDPOUBDUTBHBJOTFMFDU"MM$POUBDUT
r *GZPVIBWFFOUFSFEJOGPSNBUJPOVOEFS$PNQBOZGPSZPVS0VUMPPL
DPOUBDUTPOZPVSQIPOFZPVDBORVJDLMZMPDBUFUIFDPOUBDUTUIBU
XPSLGPSBTQFDJGJDDPNQBOZ*OUIFDPOUBDUMJTUDMJDL.FOV7JFX
#Z$PNQBOZ$MJDLUIFDPNQBOZUPTFFUIFDPOUBDUTXIPXPSL
UIFSF
/PUF *GZPVBSFOPUJO/BNFWJFXDMJDL.FOV7JFX#Z/BNF
.BOBHJOHZPVS1IPOF
4IBSFDPOUBDUJOGPSNBUJPO
5PCFBNDPOUBDUJOGPSNBUJPOUPBOPUIFSEFWJDFWJB#MVFUPPUI
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUTBOEUIFOTFMFDUUIF
DPOUBDUXIPTFJOGPSNBUJPOZPVXBOUUPCFBN
 $MJDL.FOV4FOE$POUBDU#FBN
 4FMFDUUIFEFWJDFXIFSFZPVXBOUUPCFBNUIFDPOUBDUEFUBJMTUPBOE
DMJDL#FBN
/PUF #FGPSFZPVDBOCFBNNBLFTVSF#MVFUPPUIJTUVSOFEPOBOETFUUP7JTJCMF
NPEFPOZPVSQIPOFBOEUIFUBSHFUNPCJMFEFWJDF'PSNPSFJOGPSNBUJPO
TFFi#MVFUPPUIuJO$IBQUFS
5PTFOEDPOUBDUJOGPSNBUJPOWJBBUFYUNFTTBHF
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUTBOEUIFOTFMFDUUIF
DPOUBDUXIPTFJOGPSNBUJPOZPVXBOUUPTFOE
 $MJDL.FOV4FOE$POUBDU4.4=..44FMFDUUIFDPOUBDU
JOGPSNBUJPOUIBUZPVXBOUUPTFOEBOEDMJDL%POF
 *OUIFOFXUFYUNFTTBHFFOUFSUIFNPCJMFQIPOFOVNCFSPGUIF
QFSTPOUPXIPNZPVBSFTFOEJOHUIFDPOUBDUJOGPSNBUJPOUPBOEDMJDL
4FOE
5PTFOEDPOUBDUJOGPSNBUJPOWJB..4
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUBDPOUBDUUIFODMJDL.FOV4FOEBTW$BSE
 &OUFSUIFSFDJQJFOUJO5PPGUIF..4NFTTBHFUIFODMJDL4FOE
*GUIFSFDJQJFOUBDDFQUTUIFCFBNUFYUNFTTBHFPS..4NFTTBHFUIF
DPOUBDUJOGPSNBUJPOZPVTFOUBSFBVUPNBUJDBMMZTBWFEJOUIBUQFSTPOT
$POUBDUTMJTU
.BOBHJOHZPVS1IPOF
4*..BOBHFS
4*..BOBHFSBMMPXTZPVUPWJFXUIFDPOUFOUTPGZPVS4*.64*.DBSEBOE
USBOTGFSDPOUBDUTGSPNZPVS4*.64*.DBSEUPZPVSQIPOFBOEWJDFWFSTB
5PDSFBUFBDPOUBDUPOZPVS4*.64*.DBSE
 $MJDL4UBSU"DDFTTPSJFT4*..BOBHFS
 $MJDL/FXBOEFOUFSUIFDPOUBDUOBNFBOEQIPOFOVNCFS
 $MJDL4BWF
5JQ 5PDIBOHFDPOUBDUJOGPSNBUJPOPOZPVS4*.64*.DBSEDMJDLBDPOUBDUBOE
FEJUJU"GUFSNPEJGZJOHDMJDL4BWF
5PDPQZ4*.DPOUBDUTUPZPVSQIPOF
 $MJDL4UBSU"DDFTTPSJFT4*..BOBHFS
 4FMFDUB4*.DPOUBDUPSTFMFDUBMM4*.DPOUBDUTCZDMJDLJOH.FOV
4FMFDU"MM
 $MJDL.FOV4BWFUP$POUBDUT
5PDPQZQIPOFDPOUBDUTUPUIF4*.64*.DBSE
0OMZPOFQIPOFOVNCFSQFSDPOUBDUOBNFDBOCFTUPSFEPOB4*.64*.
DBSE8IFOZPVDPQZBDPOUBDUUIBUIBTTFWFSBMQIPOFOVNCFSTUPZPVS
4*.64*.DBSE4*..BOBHFSTBWFTFBDIOVNCFSVOEFSBTFQBSBUFOBNF
5PTBWFFBDIOVNCFSVOEFSBEJGGFSFOUDPOUBDUOBNFPOUIF4*.64*.DBSE
4*..BOBHFSBQQFOETBOJOEJDBUPSBUUIFFOEPGFBDIOBNF:PVDBOFEJU
UIJTJOEJDBUPSGJSTUCFGPSFZPVTUBSUDPQZJOHDPOUBDUTUPZPVS4*.64*.DBSE
 $MJDL4UBSU"DDFTTPSJFT4*..BOBHFS.FOV5PPMT0QUJPOT
 0OUIF0QUJPOTTDSFFOTFMFDUUIFDIFDLCPYFTPGUIFUZQFTPGQIPOF
OVNCFSTUIBUZPVXBOUUPCFBEEFEUPUIF4*.64*.DBSE
 6OEFSUIF.BSLDPMVNOZPVDBODIBOHFUIFJOEJDBUPSUIBUXJMMCF
BQQFOEFEUPUIF4*.DPOUBDUOBNFTGPSFBDIQIPOFOVNCFSUZQF
5PEPTPTFMFDUBQIPOFUZQFDMJDL&EJUFOUFSZPVSEFTJSFEJOEJDBUPS
UIFODMJDL4BWF
 "GUFSNPEJGZJOHDMJDL0,
.BOBHJOHZPVS1IPOF
 $MJDL.FOV$POUBDUTUP4*.
 4FMFDUUIFDIFDLCPYFTPGUIFDPOUBDUTQIPOFOVNCFSTUIBUZPVXBOU
UPDPQZUPZPVS4*.64*.DBSEUIFODMJDL4BWF
5PEJTQMBZZPVSQIPOFOVNCFSJO4*..BOBHFS
8IFOZPVSQIPOFOVNCFSJT
TUPSFEPOUIF4*.64*.DBSE
JUXJMMBQQFBSPOUIF4*.
.BOBHFSTDSFFO
 0OUIF4*..BOBHFSTDSFFODMJDL
.FOV5PPMT-JTUPG0XO/VNCFST
 $MJDL&EJU
 $IBOHFUIFOBNFJGEFTJSFEUIFOFOUFS
ZPVSNPCJMFQIPOFOVNCFS
 $MJDL4BWF
$BMFOEBS
6TF$BMFOEBSUPTDIFEVMFBQQPJOUNFOUTJODMVEJOHNFFUJOHTBOEPUIFS
FWFOUT*GZPVVTF0VUMPPLPOZPVS1$ZPVDBOTZODISPOJ[FBQQPJOUNFOUT
CFUXFFOZPVSQIPOFBOE1$
$SFBUFBQFSTPOBMBQQPJOUNFOU
5PTFU$BMFOEBSPQUJPOT
 0OUIF)PNFTDSFFODMJDL4UBSU$BMFOEBS
 $MJDL.FOV5PPMT0QUJPOT
 4DSPMMUISPVHIUIFBWBJMBCMFTFUUJOHTBOETFUZPVSEFTJSFEEFGBVMU
PQUJPOT
 $MJDL%POF
.BOBHJOHZPVS1IPOF
5PTDIFEVMFBOBQQPJOUNFOU
 0OUIF)PNFTDSFFODMJDL4UBSU$BMFOEBS
 $MJDL.FOV/FX"QQPJOUNFOU
 &OUFSJOGPSNBUJPOBCPVUUIFBQQPJOUNFOU
r 5PTDIFEVMFBOBMMEBZFWFOUJO&OEUJNFTFMFDU"MMEBZFWFOU
r 5PNBLFUIFBQQPJOUNFOUSFDVSSJOHDMJDL0DDVST
 $MJDL%POF
/PUF "MMEBZFWFOUTEPOPUPDDVQZCMPDLTPGUJNFJO$BMFOEBSJOTUFBEUIFZBQQFBS
JOCBOOFSTBUUIFUPQPGUIFDBMFOEBS
7JFXZPVSBQQPJOUNFOUT
5PWJFXZPVSTDIFEVMF
:PVDBOWJFXZPVSTDIFEVMFJOUISFFEJGGFSFOUWJFXT.POUI8FFLBOE
"HFOEB
 0OUIF)PNFTDSFFODMJDL4UBSU$BMFOEBS
 $MJDLUIFMFGU40'5,&:PSDMJDL.FOVBOEDIPPTFUIFWJFXZPVXBOU
)JHIMJHIUFEBSFBT
SFQSFTFOUUJNFTFHNFOUT
UIBUIBWFTDIFEVMFE
BQQPJOUNFOUT
$MJDLUPDIBOHFUIFWJFX
$MJDLBOJUFN
UPWJFXUIF
EFUBJMTPGUIF
BQQPJOUNFOU
  "HFOEB7JFX
"OBQQPJOUNFOUXJUIUIF JDPOJOEJDBUFTUIBUUIFTDIFEVMFE
BQQPJOUNFOUIBTBDPOGMJDUXJUIPOFPSNPSFFYJTUJOHBQQPJOUNFOUT
.BOBHJOHZPVS1IPOF
4FOEBQQPJOUNFOUT
5PTFOEBNFFUJOHSFRVFTU
:PVDBOTFOENFFUJOHSFRVFTUTWJBFNBJMUPQFSTPOTUIBUVTF0VUMPPLPS
0VUMPPL.PCJMF
 $MJDL4UBSU$BMFOEBS
 4DIFEVMFBOFXBQQPJOUNFOUBOEUIFOTDSPMMEPXOUP"UUFOEFFTBOE
DMJDL/P"UUFOEFFT$MJDL"EE3FRVJSFE"UUFOEFFPS"EE0QUJPOBM
"UUFOEFFUPBEEUIFDPOUBDUTZPVXBOUUPTFOEUIFNFFUJOHSFRVFTU
UP
 $IPPTFUIFDPOUBDUTZPVXBOUUPTFOEUIFNFFUJOHSFRVFTUUPBOE
DMJDL4FMFDU
 0OUIF/FX"QQPJOUNFOUTDSFFODMJDL%POF5IFNFFUJOHSFRVFTUJT
TFOUPVU
/PUFTr :PVDBOPOMZTQFDJGZJGBOBUUFOEFFJTSFRVJSFEPSPQUJPOBMJGZPVSQIPOFJT
DPOOFDUFEUPB.JDSPTPGU&YDIBOHFTFSWFS0UIFSXJTFBMMBUUFOEFFT
BSFEFTJHOBUFEBTSFRVJSFE'PSNPSFJOGPSNBUJPOTFF$IBQUFS
r 5PSFNPWFBOBUUFOEFFGSPNUIFMJTUTFMFDUUIFBUUFOEFFBOEDMJDL.FOV
3FNPWF"UUFOEFF
r 8IFOBUUFOEFFTBDDFQUZPVSNFFUJOHSFRVFTUUIFNFFUJOHJT
BVUPNBUJDBMMZBEEFEUPUIFJSTDIFEVMFT8IFOUIFJSSFTQPOTFJTTFOUCBDL
UPZPVZPVSDBMFOEBSJTVQEBUFEBTXFMM
5PTFOEBDBMFOEBSBQQPJOUNFOU
:PVDBOTFOEBDBMFOEBSBQQPJOUNFOUUPBOPUIFSQIPOFPWFS..4
 0OUIF)PNFTDSFFODMJDL4UBSU$BMFOEBS
 4FMFDUBOBQQPJOUNFOUUIFODMJDL.FOV4FOEBTW$BMFOEBS
 &OUFSUIFSFDJQJFOUJOUIF5PMJOFPGUIF..4NFTTBHFUIFODMJDL
4FOE
.BOBHJOHZPVS1IPOF
5BTLT
6TF5BTLTUPLFFQUSBDLPGUIJOHTZPVOFFEUPEP
5PDSFBUFBUBTL
 0OUIF)PNFTDSFFODMJDL4UBSU5BTLT
 $MJDL.FOV/FX5BTL
 &OUFSUIFOFDFTTBSZUBTLJOGPSNBUJPOBOEDMJDL%POF
r4FUB1SJPSJUZGPSUIFUBTL5IJTJUFNDBOCFSFGFSFODFEXIFO
TPSUJOHUBTLT
r&OUFSB4UBSUEBUFBOE%VFEBUFJGUIFUBTLTUBSUTBOEFOETBUB
TQFDJGJDUJNF
r&OUFSB3FNJOEFSJGZPVXBOUUPCFOPUJGJFEJGUIFUBTLJTEVF
r&OUFSUIF$BUFHPSJFTZPVDBOTFUNPSFUIBOPOFUIBUCFTU
EFTDSJCFTUIFUBTL5IJTJUFNDBOCFSFGFSFODFEXIFOGJMUFSJOH
UBTLT
/PUFTr :PVDBOTZODISPOJ[FJOGPSNBUJPOPOZPVSQIPOFXJUIZPVS1$UPLFFQ
ZPVSUBTLMJTUVQUPEBUFJOCPUIMPDBUJPOT
r *GZPVDSFBUFBOFXUBTLXJUIBSFNJOEFSPOZPVS1$BOEUIFOTZODISPOJ[F
UBTLTXJUIZPVSQIPOFUIFSFNJOEFSXJMMQMBZBUUIFUJNFUIBUXBTTFUPO
ZPVS1$
5PMPDBUFBUBTL
 0OUIF)PNFTDSFFODMJDL4UBSU5BTLT
 *OUIFUBTLMJTUEPPOFPGUIFGPMMPXJOH
r 5PTPSUUIFMJTUDMJDL.FOV4PSUCZBOEDMJDLBTPSUPQUJPO
r 5PGJMUFSUIFMJTUCZDBUFHPSZDMJDL.FOV'JMUFSBOEDMJDLUIF
DBUFHPSZZPVXBOUEJTQMBZFE
5PNBSLBUBTLBTDPNQMFUFE
 0OUIF)PNFTDSFFODMJDL4UBSU5BTLT
 4FMFDUUIFUBTLBOEDMJDL$PNQMFUF
.BOBHJOHZPVS1IPOF
2VJDL/PUFT
2VJDL/PUFTMFUTZPVUZQFNFTTBHFTUIBUZPVGSFRVFOUMZVTFBOETBWFUIFN
POZPVSQIPOF:PVDBOUIFOTFOEUIFNWJBFNBJMUFYUNFTTBHFPS..4
5PDSFBUFBOFXOPUF
 0OUIF)PNFTDSFFODMJDL4UBSU2VJDL/PUFT
 $MJDL/FX
 &OUFSUIFUFYUBOEDMJDL%POF
5PTFOEBOPUF
 0OUIF)PNFTDSFFODMJDL4UBSU2VJDL/PUFT
 0OUIF2VJDL/PUFTMJTUTFMFDUUIFUFYUZPVXBOUUPTFOEBOEDMJDL
.FOV4FOE
 0OUIF.FTTBHJOHMJTUTFMFDUUIFBDDPVOUZPVXBOUUPVTFBOEDMJDL
4FMFDU
7PJDF/PUFT
6TF7PJDF/PUFTUPDSFBUFTIPSUWPJDFSFDPSEJOHT7PJDFOPUFTBSFJODMVEFE
JOUIF"MM/PUFTMJTUBOEBSFOBNFEDPOTFDVUJWFMZ3FDPSEJOH3FDPSEJOH
BOETPPO
5PDSFBUFBWPJDFOPUF
 0OUIF)PNFTDSFFODMJDL4UBSU7PJDF/PUFT
 )PMEUIFQIPOFTNJDSPQIPOFOFBSZPVSNPVUI
 $MJDL3FDPSEBOETBZZPVSWPJDFOPUF
 $MJDL4UPQUPTUPQSFDPSEJOHBWPJDFOPUF
5PEFMFUFBWPJDFOPUF
 0OUIF)PNFTDSFFODMJDL4UBSU7PJDF/PUFT
 4FMFDUUIFWPJDFOPUFUPEFMFUF
 $MJDL.FOV%FMFUF
 $MJDL:FT
5JQ *GZPVEFMFUFBWPJDFOPUFUIBUIBTBEFGBVMUOBNFTVDIBT3FDPSEJOHUIJT
OBNFCFDPNFTBWBJMBCMFGPSBOFXWPJDFOPUF
.BOBHJOHZPVS1IPOF
5PMJTUFOUPBWPJDFOPUF
 0OUIF)PNFTDSFFODMJDL4UBSU7PJDF/PUFT
 4FMFDUUIFWPJDFOPUFUPQMBZBOEQSFTT$&/5&30,
5JQ 5PTUPQMJTUFOJOHUPUIFWPJDFOPUFDMJDL4UPQXIJMFUIFWPJDFOPUFJTQMBZJOH
5PVTFBWPJDFOPUFBTBSJOHUPOF
 0OUIF)PNFTDSFFODMJDL4UBSU7PJDF/PUFT
 4FMFDUUIFWPJDFOPUFBOEDMJDL.FOV4FU"T3JOHUPOF
.BOBHJOHZPVS1IPOF
$IBQUFS
&YDIBOHJOH.FTTBHFT
.FTTBHJOH
5FYU.FTTBHF
..4.FTTBHFT
7PJDF.BJM
4FUUJOH6Q&NBJM"DDPVOUT
&NBJM
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
.FTTBHJOH
.FTTBHJOHJTXIFSFBMMPGZPVSFNBJMUFYUNFTTBHFBOE..4BDDPVOUT
BSFMPDBUFE8IFOZPVSFDFJWFBOFXNFTTBHFZPVDBOPQFOUIBUQBSUJDVMBS
NFTTBHFGSPNUIF)PNFTDSFFO4JNQMZTDSPMMUPUIFSPXXIFSFUIFOFX
NFTTBHFJTBOEDMJDLJU
/FXFNBJM
NFTTBHF /FXUFYU..4
NFTTBHF
.FTTBHJOHTDSFFO
5PBDDFTTZPVSNFTTBHFBDDPVOUTDMJDL4UBSU
.FTTBHJOHBOEUIFODMJDLUIFBDDPVOUZPVXBOU
UPPQFO8IJMFJOBNFTTBHJOHBDDPVOUTNBJO
TDSFFODMJDL.FOV5PPMT4XJUDI"DDPVOUT
UPTXJUDIUPBOPUIFSNFTTBHFBDDPVOU
5PDIBOHFNFTTBHFBDDPVOUTFUUJOHT
r 0OUIF.FTTBHJOHTDSFFOTFMFDUUIFNFTTBHFBDDPVOUXIPTFTFUUJOHT
ZPVXBOUUPDIBOHFBOEDMJDL.FOV4FUUJOHT
r 0OBNFTTBHFBDDPVOUTNFTTBHFMJTUDMJDL.FOV5PPMT0QUJPOT
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
5FYU.FTTBHF
4FOETIPSUUFYUNFTTBHFTUPZPVSDPOUBDUT
$PNQPTFBOETFOEUFYUNFTTBHFT
5PDPNQPTFBOETFOEBUFYUNFTTBHF
 0OUIF)PNFTDSFFODMJDL4UBSU.FTTBHJOH4.4=..4
 $MJDL.FOV/FX4.4
 &OUFSUIFNPCJMFQIPOFOVNCFSPGPOFPSNPSFSFDJQJFOUTTFQBSBUJOH
UIFNXJUIBTFNJDPMPO
5PBDDFTTQIPOFOVNCFSTGSPN$POUBDUTJO5PDMJDL.FOV"EE
3FDJQJFOU
4FMFDUBDPOUBDUGSPNUIFMJTUBOEQSFTT$&/5&30,
 &OUFSZPVSNFTTBHF:PVDBOFOUFSVQUPDIBSBDUFSTJOPOF
NFTTBHF
 $MJDL4FOE
5JQTr 5PDBODFMUIFUFYUNFTTBHFDMJDL.FOV$BODFM.FTTBHF
r *GZPVXBOUUPLOPXXIFUIFSZPVSUFYUNFTTBHFIBTCFFOSFDFJWFECFGPSF
TFOEJOHUIFNFTTBHFDMJDL.FOV.FTTBHF0QUJPOTBOETFMFDU3FRVFTU
NFTTBHFEFMJWFSZOPUJGJDBUJPO
/PUF 5FYUNFTTBHFTDBOPOMZCFTFOUJGZPVSQIPOFJTDPOOFDUFEUPB(4.&%(&PS
)4%1"6.54OFUXPSL
3FDFJWFUFYUNFTTBHFT
5FYUNFTTBHFTBSFBVUPNBUJDBMMZSFDFJWFEXIFOUIFQIPOFGVODUJPOJT
UVSOFEPO8IFOUIFQIPOFJTUVSOFEPGGUFYUNFTTBHFTBSFIFMECZZPVS
XJSFMFTTTFSWJDFQSPWJEFSVOUJMUIFOFYUUJNFZPVSQIPOFJTUVSOFEPO
r4BWFZPVS4.4NFTTBHFTUPZPVS4*.64*.DBSECZDMJDLJOH.FOV
$PQZUP4*.
r$PQZ4.4NFTTBHFTTBWFEPOZPVS4*.64*.DBSEUPUIF*OCPYCZ
DMJDLJOH.FOV$PQZUP1IPOF$PQZJOHUIFNUPZPVSQIPOFSFTVMUT
JOEVQMJDBUFNFTTBHFTJOUIF*OCPYGPMEFSXIFOUIF4*.64*.DBSEJT
JOVTF
r 5IF JDPOOFYUUPBNFTTBHFJOEJDBUFTUIBUJUJTTBWFEPOUIF4*.
64*.DBSE
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
..4.FTTBHFT
$SFBUJOHBOETFOEJOH.VMUJNFEJB.FTTBHF4FSWJDF..4NFTTBHFTUPZPVS
GSJFOETBOEGBNJMZJTGVOBOEFBTZ
5PBDDFTT..4
r 0OUIF)PNFTDSFFODMJDL4UBSU.FTTBHJOH4.4=..4
5PBDDFTT..4NFTTBHFGPMEFST
r $MJDL4UBSU.FTTBHJOH4.4=..4
UIFODMJDL.FOV'PMEFST
..4.FTTBHF'PMEFST
&EJU..4TFUUJOHT
8IFOZPVQVSDIBTFZPVSQIPOFJUJTBMSFBEZQSFTFUXJUIZPVSXJSFMFTT
TFSWJDFQSPWJEFST..4TFSWFSTFUUJOHT*GZPVBDDJEFOUBMMZMPTUUIFQSFTFU
TFUUJOHTPSZPVDIBOHFEUPBOPUIFSXJSFMFTTTFSWJDFQSPWJEFSGPMMPXUIF
TUFQTCFMPXUPDPOGJHVSF..4TFUUJOHT
5PDPOñHVSF..4TFUUJOHT
 $MJDL4UBSU.FTTBHJOH4.4=..4UIFODMJDL.FOV/FX
..4UPPQFOUIF..4TDSFFO
 $MJDL.FOV0QUJPOT.FTTBHF0QUJPOTUPPQFOUIF1SFGFSFODFT
TDSFFO
 4FMFDUPSDMFBSUIFQSPWJEFEDIFDLCPYFTBDDPSEJOHUPZPVSOFFET
 0OUIF1SFGFSFODFTTDSFFODMJDL.FOV..4$4FUUJOHTUPBDDFTT
.VMUJNFEJB.FTTBHJOH4FSWJDF$FOUFS..4$TFUUJOHT
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
 $IFDLJGZPVSQIPOFJTQSFTFUXJUI..4
TFSWFSTFUUJOHT
*GUIFSFBSFOPQSFTFUTFUUJOHTDMJDL
.FOV/FXPOUIF..4$4FUUJOHT
TDSFFOBOEFOUFSUIFOFFEFEJOGPSNBUJPO
ZPVTFFPOUIFTDSFFO:PVDBOHFUUIF
JOGPSNBUJPOGSPNZPVSXJSFMFTTTFSWJDF
QSPWJEFS
 $MJDL%POF5IF..4TFSWFSTFUUJOHTXJMM
UIFOCFBEEFEBTBOFOUSZPOUIF..4$
4FUUJOHTTDSFFO
/PUF *GZPVBEETFWFSBM..4TFSWJDFQSPWJEFSTUPUIF..4$4FUUJOHTTDSFFOZPV
DBODIPPTFPOFBTZPVSEFGBVMU..4QSPWJEFS4FMFDUUIF..4QSPWJEFST
OBNFJOUIFMJTUUIFODMJDL.FOV4FUBT%FGBVMU
$SFBUFBOETFOE..4NFTTBHFT
:PVDBODPNQPTF..4NFTTBHFTJOBDPNCJOBUJPOPGWBSJPVTTMJEFTXIFSF
FBDITMJEFDBODPOTJTUPGBQIPUPBVEJPPSWJEFPDMJQBOEPSUFYU
/PUFTr ..4JTBDIBSHFETFSWJDF*OPSEFSUPVTF..4TVDDFTTGVMMZUIJTIBTUPCF
QSPWJTJPOFEPOZPVSNPCJMFBDDPVOU1MFBTFDPOUBDUUIFXJSFMFTTTFSWJDF
QSPWJEFSUPIBWFUIJTQSPWJTJPOFEBTQBSUPGZPVSDBMMJOHQMBO
r .BLFTVSFUIFTJ[FPGUIF..4JTXJUIJOUIFMJNJUTPGUIFXJSFMFTTTFSWJDF
QSPWJEFSXIJMFTFOEJOHJUUPBOPUIFSNPCJMFQIPOFVTFSPSUPBOFNBJM
BEESFTT
5PTUBSUDPNQPTJOHBO..4NFTTBHF
 $MJDL4UBSU.FTTBHJOH4.4=..4UIFO
DMJDL.FOV/FX..4
 *O5PFOUFSUIFSFDJQJFOUTQIPOFOVNCFSPS
FNBJMBEESFTT
 *O4VCKFDUFOUFSBTVCKFDUGPSZPVSNFTTBHF
 $MJDL*OTFSU1JDUVSF7JEFPUPTFMFDUBQIPUP
PSWJEFPDMJQGSPNUIF4FMFDU.FEJBTDSFFO
BOEJOTFSUJU
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
5PDBQUVSFBOFXQIPUPDMJDLUIF$BQUVSF*NBHFJDPO PSDMJDL
.FOV$BQUVSF*NBHF
5PSFDPSEBOFXWJEFPDMJDLUIF$BQUVSF7JEFPJDPO PSDMJDL
.FOV$BQUVSF7JEFP
 $MJDL*OTFSU5FYUUPFOUFSUFYUGPSZPVS..4NFTTBHF
5PJOTFSUQSFEFñOFEUFYUPSFNPUJDPOTDMJDL.FOV*OTFSU.Z5FYU
PS*OTFSU&NPUJDPO
 $MJDL*OTFSU"VEJPUPJOTFSUBOBVEJPDMJQ4FMFDUBOBVEJPDMJQPOUIF
4FMFDU"VEJPTDSFFO
5PSFDPSEBOFXBVEJPDMJQDMJDL.FOV$BQUVSF"VEJP
 $MJDL4FOEUPTFOEUIFNFTTBHF
5JQ "GUFSJOTFSUJOHBO..4NFTTBHFFMFNFOUQSFTT/"7*("5*0/SJHIUUPBEEB
OFXTMJEF
/PUFTr 5PTFOEBDPQZPGUIJTNFTTBHFUPPUIFSTIJHIMJHIUUIF5PGJFMEBOEVTF
/"7*("5*0/VQUPEJTQMBZUIF$DBOE#DDGJFMET
r 5PSFNPWFUIFQIPUPUFYUPSBVEJPTFMFDUUIFJUFNBOEQSFTTUIF#"$,
LFZ 
7JFXBOESFQMZUP..4NFTTBHFT
5PSFDFJWF..4NFTTBHFT
r 0OBOZ..4NFTTBHFGPMEFSTDSFFODMJDL.FOV4FOE3FDFJWF
#ZEFGBVMUNFTTBHFTBSFBVUPNBUJDBMMZEPXOMPBEFEUPZPVSQIPOF
5PWJFXBO..4NFTTBHF
:PVDBOWJFX..4NFTTBHFTJOTFWFSBMXBZT
r 1SFTT$&/5&30,UPWJFXBOEQMBZUIFNFTTBHFPOZPVSQIPOF$MJDL
1BVTFPS.FOV4UPQUPQBVTFPSTUPQUIFQMBZCBDLPGUIFNFTTBHF
r $MJDL.FOV$POUFOU7JFXUPTFFBMJTUPGñMFTJODMVEFEJOUIF
NFTTBHF5PPQFOBñMFTFMFDUJUBOEDMJDL0QFO5PTBWFBñMFTFMFDU
JUBOEDMJDL4BWF.FOV4BWF"VEJPPS.FOV4BWF1IPUP
r 7JFXFBDITMJEFJODMVEFEJOUIFNFTTBHFCZDMJDLJOH.FOV/FYU
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
5PSFQMZUPBO..4NFTTBHF
r $MJDL.FOV3FQMZ3FQMZUPSFQMZUPUIFTFOEFSPGUIFNFTTBHF
PSDMJDL.FOV3FQMZ3FQMZ"MMUPSFQMZUPBMMQFSTPOTMJTUFEJOUIF
5PBOE$$CPYFTPGUIFNFTTBHF$MJDL.FOV3FQMZ'PSXBSEUP
GPSXBSEUIFNFTTBHFUPTPNFPOFFMTF
7PJDF.BJM
5PSFDPSEBOETFOEBWPJDFNFTTBHF
 0OUIF)PNFTDSFFODMJDL4UBSU.FTTBHJOH4.4=..4
 $MJDL.FOV/FX7PJDF.BJM
 &OUFSUIFNPCJMFQIPOFOVNCFSPGPOFPS
NPSFSFDJQJFOUTTFQBSBUJOHUIFNXJUIB
TFNJDPMPO
5PBDDFTTQIPOFOVNCFSTGSPN$POUBDUT
JO5PDMJDL.FOV3FDJQJFOUT'SPN
$POUBDUTPS'SPN$BMM)JTUPSZ
4FMFDUB
DPOUBDUGSPNUIFMJTUBOEQSFTT$&/5&30,
 *O4VCKFDUFOUFSBTVCKFDUGPSZPVSWPJDF
NFTTBHF
 $MJDLUIF3FDPSEJDPO UPTUBSUSFDPSEJOHZPVSWPJDFNBJM
 5PTUPQSFDPSEJOHDMJDLUIF4UPQJDPO 
 5PQMBZUIFWPJDFNFTTBHFDMJDLUIF1MBZJDPO 
 $MJDL4FOE
5JQ 5PDBODFMUIFWPJDFNBJMDMJDL.FOV$BODFM.FTTBHF
5PDPOñHVSFWPJDFNBJMTFUUJOHT
 $MJDL4UBSU.FTTBHJOH4.4=..4UIFODMJDL.FOV/FX
7PJDF.BJMUPPQFO7PJDF.BJMTDSFFO
 $MJDL.FOV0QUJPOT.FTTBHF0QUJPOTUPPQFOUIF1SFGFSFODFT
TDSFFO
 4FMFDUPSDMFBSUIFQSPWJEFEDIFDLCPYFTBDDPSEJOHUPZPVSOFFET
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
4FUUJOH6Q&NBJM"DDPVOUT
5ZQFTPG&NBJM"DDPVOUT
#FGPSFZPVDBOTFOEBOESFDFJWFFNBJMZPVOFFEUPTFUVQZPVSFNBJM
BDDPVOUPOZPVSQIPOF:PVDBOTFUVQUIFGPMMPXJOHUZQFTPGFNBJM
BDDPVOUTPOZPVSQIPOF
r 0VUMPPLFNBJMUIBUZPVTZODISPOJ[FXJUIZPVS1$PSZPVSDPNQBOZT
&YDIBOHF4FSWFS
r *OUFSOFUFNBJMBDDPVOUUIBUZPVIBWFGSPNBO*OUFSOFU4FSWJDF
1SPWJEFS*41
r 8PSLBDDPVOUUIBUZPVBDDFTTVTJOHB71/DPOOFDUJPO
r 8JOEPXT-JWF.BJM
r 0UIFSXFCCBTFEFNBJMBDDPVOUTTVDIBT(NBJM:BIPP.BJMFUD
4FUVQZPVSQIPOFUPTZODISPOJ[F0VUMPPLFNBJMXJUIUIF
DPNQVUFS
*GZPVIBWFJOTUBMMFEUIFTZODISPOJ[BUJPOTPGUXBSFPOZPVS1$BOEDSFBUFEB
QBSUOFSTIJQXJUIZPVSQIPOFUIFOZPVSQIPOFJTSFBEZUPTFOEBOESFDFJWF
0VUMPPLFNBJM*GZPVIBWFOPUZFUJOTUBMMFEUIFTZODISPOJ[BUJPOTPGUXBSFPS
DSFBUFEBQBSUOFSTIJQGPMMPXUIFQSPDFEVSFTJO$IBQUFS
5JQ 5PTFUVQZPVSDPNQBOZFNBJMBDDPVOUTPUIBUZPVDBOBDDFTT0VUMPPL
FNBJMNFTTBHFTXJSFMFTTMZZPVNVTUTFUVQZPVSQIPOFUPTZODISPOJ[FWJB
BOPWFSUIFBJSDPOOFDUJPOXJUIZPVSDPNQBOZT&YDIBOHF4FSWFS'PSNPSF
JOGPSNBUJPOBCPVUTZODISPOJ[JOHXJUIZPVSDPNQBOZFNBJMTFSWFSTFF
$IBQUFS
&NBJM4FUVQ8J[BSE
8JOEPXT.PCJMFT&NBJM4FUVQ8J[BSEMFUTZPVFBTJMZTFUVQZPVSQFSTPOBM
BOEXPSLFNBJMBDDPVOUT:PVDBOBEEBOFNBJMBDDPVOUGSPNBO*OUFSOFU
4FSWJDF1SPWJEFS*41PSPUIFSFNBJMQSPWJEFSBTXFMMBTXFCCBTFE
BDDPVOUTTVDIBT(NBJM¡:BIPP¡.BJM1MVT"0-¡FUD
/PUF 'PSNPSFJOGPSNBUJPOBCPVUTFUUJOHVQZPVSDPNQBOZ0VUMPPLFNBJM
BDDPVOUTFF$IBQUFS
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
4FUVQB101*."1FNBJMBDDPVOU
4FUVQB101PS*."1FNBJMBDDPVOUPOZPVSQIPOFJGZPVIBWFBOFNBJM
BDDPVOUGSPNBO*OUFSOFUTFSWJDFQSPWJEFS*41PSB8FCCBTFEBDDPVOU
TVDIBT(NBJM:BIPP.BJM1MVTFUD:PVDBOBMTPBEEBXPSLBDDPVOUUIBU
ZPVBDDFTTVTJOHB71/TFSWFSDPOOFDUJPOBTB101*."1BDDPVOU
 0OUIF)PNFTDSFFODMJDL4UBSU.FTTBHJOH/FX&NBJM"DDPVOU
 &OUFSZPVSFNBJMBEESFTTBOETFMFDUUIF5SZUPHFUFNBJMTFUUJOHT
BVUPNBUJDBMMZGSPNUIF*OUFSOFUDIFDLCPY
#ZTFMFDUJOHUIFPQUJPOUIFQIPOFBUUFNQUTUPEPXOMPBEFNBJM
TFSWFSTFUUJOHTTPUIBUZPVEPOPUOFFEUPFOUFSUIFNNBOVBMMZ
 $MJDL/FYU
 "GUFS"VUP4FUVQñOJTIFTDMJDL/FYU
 *G"VUP4FUVQJTVOTVDDFTTGVMTFMFDU*OUFSOFUFNBJMGSPNUIF:PVS
FNBJMQSPWJEFSMJTUPOUIFOFYUTDSFFO:PVXJMMCFBTLFEUPFOUFS
FNBJMTFSWFSTFUUJOHTEVSJOHUIFTFUVQQSPDFTT4FFi5PTQFDJGZFNBJM
TFSWFSTFUUJOHTuGPSEFUBJMT
 &OUFSZPVSOBNF:PVDBOBMTPFEJUUIF"DDPVOUEJTQMBZOBNFñFMEUP
TQFDJGZUIFOBNFPGZPVS*41PSFNBJMQSPWJEFS$MJDL/FYU
 &OUFSZPVSMPHJOOBNFJGJUEPFTOPUTIPXBVUPNBUJDBMMZJOUIF6TFS
OBNFñFME"MTPFOUFSZPVSQBTTXPSEBOETFMFDUUIF4BWFQBTTXPSE
DIFDLCPY$MJDL/FYU
 "UUIJTQPJOUFNBJMTFUVQJTDPNQMFUF*OUIF"VUPNBUJD4FOE
3FDFJWFMJTUDIPPTFIPXGSFRVFOUZPVXBOUFNBJMNFTTBHFTUPCF
BVUPNBUJDBMMZTFOUBOEEPXOMPBEFEPOZPVSQIPOF
 $MJDL3FWJFXBMMEPXOMPBETFUUJOHTUPTFMFDUEPXOMPBEPQUJPOT
TFUUIFFNBJMGPSNBUBT)5.-PSQMBJOUFYUBOENPSF'PSNPSF
JOGPSNBUJPOTFFi5PDVTUPNJ[FEPXOMPBEBOEGPSNBUTFUUJOHTu
 $MJDL'JOJTI
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
5PTQFDJGZFNBJMTFSWFSTFUUJOHT
*G"VUP4FUVQJTVOTVDDFTTGVMDPOUBDUZPVS*41PSFNBJMQSPWJEFSGPS
UIFJODPNJOHNBJMTFSWFSBOEPVUHPJOHNBJMTFSWFSTFUUJOHTTPZPVDBO
FOUFSUIFNPOZPVSQIPOF0UIFSPQUJPOTUIBUZPVDBOTFMFDUJODMVEFUIF
GPMMPXJOH
r 4FMFDUUIF0VUHPJOHTFSWFSSFRVJSFTBVUIFOUJDBUJPODIFDLCPYJG
SFRVJSFECZZPVSQSPWJEFS
r *GUIFPVUHPJOHFNBJMTFSWFSSFRVJSFTBEJíFSFOUVTFSOBNFBOE
QBTTXPSEGPSTFOEJOHFNBJMDMFBSUIF6TFUIFTBNFVTFSOBNFBOE
QBTTXPSEGPSTFOEJOHFNBJMDIFDLCPY:PVXJMMCFQSPNQUFEUP
FOUFSUIFTFJOGPSNBUJPO
r $MJDL"EWBODFE4FSWFS4FUUJOHTUIFOTFMFDUUIF3FRVJSF44-DIFDL
CPYFTJGZPVSFNBJMQSPWJEFSVTFTBO44-DPOOFDUJPOGPSNPSFTFDVSFE
FNBJM
'SPNUIF/FUXPSLDPOOFDUJPOMJTUTFMFDUUIFEBUBDPOOFDUJPOUIBU
ZPVVTFGPSDPOOFDUJOHUPUIF*OUFSOFU
5PDVTUPNJ[FEPXOMPBEBOEGPSNBUTFUUJOHT
#FGPSFZPVDMJDL'JOJTIXIFOTFUUJOHVQZPVS101PS*."1FNBJMBDDPVOU
ZPVDBODMJDL3FWJFXBMMEPXOMPBETFUUJOHTUPDIPPTFEPXOMPBEPQUJPOT
NFTTBHFGPSNBUBOEPUIFSTFUUJOHT$MJDL"EWBODFE4FUUJOHTGPSGVSUIFS
PQUJPOT
0QUJPOT %FTDSJQUJPO
"VUPNBUJD4FOE3FDFJWF :PVDBOTFMFDUBUJNFJOUFSWBMGPSDPOOFDUJOHUPUIF
*OUFSOFUBVUPNBUJDBMMZUPTFOEBOESFDFJWFNFTTBHFT
%PXOMPBENFTTBHFT 4FUUIFOVNCFSPGEBZTPGNFTTBHFTUIBUZPVXBOUUPCF
EPXOMPBEFEUPZPVSQIPOF
4FOESFDFJWFXIFO*
DMJDL4FOE
#ZEFGBVMUNFTTBHFTBSFJNNFEJBUFMZEFMJWFSFEXIFO
ZPVDMJDL4FOE*GZPVQSFGFSUPTBWFPVUHPJOHNFTTBHFT
UPUIF0VUCPYGPMEFSGJSTUDMFBSUIFDIFDLCPY*OUIJT
DBTFZPVXJMMOFFEUPNBOVBMMZTFOENFTTBHFTCZ
DMJDLJOH.FOV4FOE3FDFJWF
6TFBVUPNBUJDTFOE
SFDFJWFTDIFEVMFXIFO
SPBNJOH
5IJTBMMPXTZPVSQIPOFUPEBUBSPBNXIFOUIFSF
JTBTFUUJNFJOUFSWBMGPSDPOOFDUJOHUPUIF*OUFSOFU
BVUPNBUJDBMMZ4JODFUIJTNBZSFTVMUJOIJHIFSDPOOFDUJPO
DPTUTZPVNBZXBOUUPMFBWFUIFDIFDLCPYDMFBSFE
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
0QUJPOT %FTDSJQUJPO
8IFOEFMFUJOHNFTTBHFT
$IPPTFXIFUIFSUPEFMFUFNFTTBHFTGSPNUIFNBJM
TFSWFSXIFOZPVEFMFUFUIFNPOZPVSQIPOF
.FTTBHFGPSNBU
4FMFDU)5.-PS1MBJO5FYU
.FTTBHFEPXOMPBEMJNJU
4FMFDUUIFFNBJMEPXOMPBETJ[F*GZPVIBWFMBSHF
WPMVNFTPGFNBJMVTFBMPXFSTJ[FPSTFMFDUUPEPXOMPBE
IFBEFSTPOMZ
&NBJM
"GUFSTFUUJOHVQFNBJMBDDPVOUTPOZPVSQIPOFZPVDBOTUBSUTFOEJOHBOE
SFDFJWJOHFNBJMNFTTBHFT
$SFBUFBOESFQMZUPFNBJMT
5PDPNQPTFBOETFOEBOFNBJM
 $MJDL4UBSU.FTTBHJOHUIFOTFMFDUBOFNBJMBDDPVOU
 $MJDL.FOV/FX
 &OUFSUIFFNBJMBEESFTTPGPOFPSNPSFSFDJQJFOUTTFQBSBUJOHUIFN
XJUIBTFNJDPMPO5PBDDFTTFNBJMBEESFTTFTTUPSFEJO$POUBDUT
JO5PDMJDL.FOV"EE3FDJQJFOU4FMFDUBDPOUBDUGSPNUIFMJTUBOE
QSFTT$&/5&30,
 &OUFSBTVCKFDUBOEDPNQPTFZPVSNFTTBHF5PRVJDLMZBEEDPNNPO
NFTTBHFTDMJDL.FOV.Z5FYUBOEDMJDLBEFTJSFENFTTBHF
 $MJDL4FOE
5JQT r 5PTFUUIFQSJPSJUZDMJDL.FOV.FTTBHF0QUJPOT
r*GZPVBSFXPSLJOHPGGMJOFFNBJMNFTTBHFTBSFNPWFEUPUIF0VUCPY
GPMEFSBOEXJMMCFTFOUUIFOFYUUJNFZPVDPOOFDU
5PBEEBOBUUBDINFOUUPBOFNBJM
 *OUIFNFTTBHFUIBUZPVBSFDPNQPTJOHDMJDL.FOV*OTFSUBOEDMJDL
UIFJUFNZPVXBOUUPBUUBDI1JDUVSF7PJDF/PUFPS'JMF
 4FMFDUUIFñMFZPVXBOUUPBUUBDIPSSFDPSEBWPJDFOPUF
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
7JFXBOESFQMZUPFNBJMT
8IFOJOBOFNBJMBDDPVOUQSFTTBOEIPME[FSPUPPQFOBTIPSUDVUMJTU
PGPGUFOVTFEDPNNBOET1SFTTBOEIPMEUIFTIPSUDVULFZUPFYFDVUFUIF
DPNNBOE
5PñMUFSUIF*OCPYNFTTBHFMJTU
'JMUFSUIFFNBJMNFTTBHFTJOZPVS*OCPYUPPOMZ
EJTQMBZUIFFNBJMTUIBUDPOUBJOUIFTFOEFSPS
FNBJMTVCKFDUZPVBSFTFBSDIJOHGPS
&OUFSUIFTFOEFSOBNFPSFNBJMTVCKFDUZPV
XBOUUPMPPLGPSVTJOHUIFLFZQBEPSLFZCPBSE
"TZPVQSFTTLFZTUIFMJTUOBSSPXTEPXOUPUIF
DPOEJUJPOTZPVTFU
'PSFYBNQMFQSFTTJOHi4uUIFOi"uOBSSPXTUIF
MJTUUPPOMZUIFFNBJMTUIBUDPOUBJOTFOEFS
OBNFTBOEFNBJMTVCKFDUTUIBUTUBSUXJUIi4"u
5PSFBEJODPNJOHNFTTBHFT
#ZEFGBVMUPOMZUIFGJSTUGFXLJMPCZUFTPGBNFTTBHFBSFTIPXOXIFOZPV
PQFOBOESFBEBOJODPNJOHNFTTBHF5PSFBEUIFXIPMFNFTTBHFEPPOFPG
UIFGPMMPXJOH
r 4DSPMMEPXOUPUIFFOEPGUIFNFTTBHFBOEDMJDL(FUUIFSFTUPGUIJT
NFTTBHFPS
r $MJDL.FOV%PXOMPBE.FTTBHF
5PEPXOMPBEBOBUUBDINFOU
*OBOPQFONFTTBHFXJUIBOBUUBDINFOUUPEPXOMPBEDMJDLUIFBUUBDINFOU
*GUIFSFJTNPSFUIBOPOFBUUBDINFOUDMJDLUIFPUIFSBUUBDINFOUTUP
EPXOMPBEUIFN:PVDBOEJSFDUMZPQFOUIFGJMFJOUIFBTTPDJBUFEQSPHSBN
BGUFSZPVEPXOMPBEUIFNCZDMJDLJOHUIFBUUBDINFOUBHBJO
5PSFQMZUPPSGPSXBSEBOFNBJM
 0QFOUIFNFTTBHFBOEDMJDL.FOV3FQMZ3FQMZ3FQMZ"MMPS
'PSXBSE
 &OUFSZPVSSFTQPOTF5PRVJDLMZBEEDPNNPONFTTBHFTDMJDL.FOV
.Z5FYUBOEDIPPTFBEFTJSFENFTTBHF
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
 $MJDL4FOE
5JQT r 5PTFFNPSFIFBEFSJOGPSNBUJPOTDSPMMVQ
r5PBMXBZTJODMVEFUIFPSJHJOBMNFTTBHFGSPNUIFMJTUWJFXDMJDL.FOV
5PPMT0QUJPOT4FOEJOHBOETFMFDUUIF*ODMVEFDPQZPGPSJHJOBM
NFTTBHFXIFOSFQMZJOHUPFNBJMDIFDLCPY
r*OUIF0VUMPPL&NBJMBDDPVOUZPVXJMMTFOEMFTTEBUBJGZPVEPOPUFEJU
UIFPSJHJOBMNFTTBHF5IJTNBZSFEVDFEBUBUSBOTGFSDPTUTCBTFEPOZPVS
SBUFQMBO
5PWJFXBOESFQMZUP)5.-FNBJMT
:PVDBOSFDFJWFWJFXBOESFQMZUP)5.-FNBJMTGSPNBOZUZQFPGFNBJM
BDDPVOU5IF)5.-GPSNBUJTSFUBJOFEXJUIPVUMBZPVUTIJGUJOHPSSFTJ[JOH
/PUF )5.-FNBJMTVQQPSUJO0VUMPPL.PCJMFJTBWBJMBCMFPOMZJGZPVSDPNQBOZJT
VTJOH.JDSPTPGU&YDIBOHF4FSWFS
 4FUUIFNFTTBHFGPSNBUUP)5.-5PñOEPVUIPXUPTFUUIFNFTTBHF
GPSNBUTFFi$VTUPNJ[FFNBJMTFUUJOHTu
 $MJDL4UBSU.FTTBHJOHTFMFDUZPVSFNBJMBDDPVOUBOEPQFOBO
)5.-FNBJMUIBUZPVSFDFJWFE
 $MJDL(FUUIFSFTUPGUIJTNFTTBHFUIBUTTIPXOBUUIFCPUUPNPGUIF
NFTTBHFUPEPXOMPBEUIFXIPMFNFTTBHF
 4DSPMMVQJGOFFEFEBOEDMJDL$MJDLUPTDSPMMSJHIUUPCFBCMFUPTDSPMM
TJEFXBZTBOEHFUBDPNQMFUFIPSJ[POUBMWJFXPGUIFNFTTBHF
 $MJDL3FQMZPSDMJDL.FOV3FQMZBOEDIPPTFXIFUIFSUPSFQMZUPUIF
TFOEFSTPSGPSXBSEUIFNFTTBHF
 &OUFSZPVSSFTQPOTFBOEDMJDL4FOE
5JQ &NBJMDBODPOUBJOIZQFSMJOLTUP8FCQBHFT
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
4FOEBOEEPXOMPBEFNBJMT
5IFNBOOFSJOXIJDIZPVTFOEBOESFDFJWFFNBJMTEFQFOETPOUIFUZQFPG
FNBJMBDDPVOUZPVIBWF
5PTFOEBOESFDFJWFFNBJMGPSBO0VUMPPLBDDPVOU
 $MJDL4UBSU"DUJWF4ZOD
 $POOFDUZPVSQIPOFUPZPVS1$
0UIFSXJTFDPOOFDUXJSFMFTTMZJGZPVBSFTZODISPOJ[JOH0VUMPPL
FNBJMXJUIZPVSDPNQBOZFNBJMTFSWFS'PSNPSFJOGPSNBUJPOTFF
$IBQUFS
 4ZODISPOJ[BUJPOBVUPNBUJDBMMZCFHJOTBOEZPVSQIPOFTFOETBOE
SFDFJWFT0VUMPPLFNBJM
5JQ :PVDBOBMTPNBOVBMMZTZODISPOJ[FBOZUJNFCZDMJDLJOH4ZODJO"DUJWF4ZODPS
.FOV4FOE3FDFJWFJO0VUMPPL.PCJMF
5PTFOEBOESFDFJWFFNBJMGPSB101*."1BDDPVOU
*GZPVIBWFBOFNBJMBDDPVOUXJUIBO*41PSBXPSLBDDPVOUUIBUZPVBDDFTT
VTJOHB71/TFSWFSDPOOFDUJPOZPVTFOEBOESFDFJWFNFTTBHFTUISPVHIB
SFNPUFFNBJMTFSWFS#FGPSFTFOEJOHBOEEPXOMPBEJOHNFTTBHFTZPVGJSTU
OFFEUPDPOOFDUUPUIF*OUFSOFUPSZPVSDPSQPSBUFOFUXPSL
 $MJDL4UBSU.FTTBHJOHBOEDMJDLZPVS101*."1FNBJMBDDPVOU
 $MJDL.FOV4FOE3FDFJWF5IFNFTTBHFTPOZPVSQIPOFBOEFNBJM
TFSWFSBSFTZODISPOJ[FEOFXNFTTBHFTBSFEPXOMPBEFEUPUIFQIPOF
*OCPYGPMEFSNFTTBHFTJOUIFQIPOF0VUCPYGPMEFSBSFTFOUBOE
NFTTBHFTUIBUIBWFCFFOEFMFUFEGSPNUIFTFSWFSBSFSFNPWFEGSPN
UIFQIPOF*OCPYGPMEFS
$VTUPNJ[FFNBJMTFUUJOHT
5PDIBOHFUIFEPXOMPBETJ[FBOEGPSNBUGPS0VUMPPLFNBJM
 %JTDPOOFDUZPVSQIPOFGSPNUIFDPNQVUFS
 $MJDL4UBSU"DUJWF4ZOD
 $MJDL.FOV0QUJPOTTFMFDU&NBJMUIFODMJDL4FUUJOHT
 0OUIF&NBJM4ZODTDSFFOTFUUIF%PXOMPBETJ[FMJNJUBOE.FTTBHF
GPSNBU
 $MPTF"DUJWF4ZODBOESFDPOOFDUZPVSQIPOFUPUIFDPNQVUFS
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
5PDIBOHFUIFEPXOMPBETJ[FBOEGPSNBUGPS101*."1FNBJM
 0OUIF101*."1FNBJMNFTTBHFMJTUDMJDL.FOV5PPMT
0QUJPOT"DDPVOU4FUUJOHT
 ,FFQDMJDLJOH/FYUVOUJMZPVSFBDIUIFTDSFFOXIFSFUIFñSTUJUFNJT
.FTTBHFGPSNBU
 $POñHVSFUIF.FTTBHFGPSNBUBOE.FTTBHFEPXOMPBEMJNJU
TFUUJOHT
 $MJDL'JOJTI
5PFYDMVEFZPVSFNBJMBEESFTTXIFOSFQMZJOHUPBMM
8IFOZPVSFQMZUPBMMUIFSFDJQJFOUTPGBO0VUMPPLFNBJMZPVSPXOFNBJM
BEESFTTXJMMBMTPCFBEEFEUPUIFSFDJQJFOUMJTU$VTUPNJ[F"DUJWF4ZODTPUIBU
ZPVSFNBJMBEESFTTXJMMCFFYDMVEFEGSPNUIFSFDJQJFOUMJTU
 *O"DUJWF4ZODPOZPVSQIPOFDMJDL.FOV0QUJPOT
 4FMFDUUIF&NBJMJOGPSNBUJPOUZQFBOEDMJDL4FUUJOHT
 $MJDL.FOV"EWBODFE
 *OUIF.ZFNBJMBEESFTTFTUFYUCPYFOUFSZPVSFNBJMBEESFTT
:PVDBOBEENVMUJQMFFNBJMBEESFTTFTIFSF*GZPVXBOUUPFOUFSNPSF
UIBOPOFTFQBSBUFUIFFNBJMBEESFTTFTXJUIBTFNJDPMPO
 $MJDL%POF
&YDIBOHJOH.FTTBHFTBOE6TJOH0VUMPPL
$IBQUFS
8PSLJOHXJUI$PNQBOZ&NBJMT
BOE.FFUJOH"QQPJOUNFOUT

4ZODISPOJ[JOHXJUI:PVS$PNQBOZ&NBJM4FSWFS
8PSLJOHXJUI$PNQBOZ&NBJMT
.BOBHJOH.FFUJOH3FRVFTUT
'JOEJOH$POUBDUTJOUIF$PNQBOZ%JSFDUPSZ
&NBJM4FDVSJUZ
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT

4ZODISPOJ[JOHXJUI:PVS$PNQBOZ&NBJM4FSWFS
4ZODISPOJ[FZPVSQIPOFXJUIZPVSDPNQBOZT.JDSPTPGU&YDIBOHF4FSWFS
UPLFFQZPVDPOOFDUFEXJUIZPVSFNBJMTDPOUBDUTDBMFOEBSBOEPUIFS
JOGPSNBUJPO
4FUVQBDPNQBOZFNBJMTFSWFSDPOOFDUJPO
6TFZPVSQIPOFUPBDDFTTZPVSDPNQBOZFNBJMTCZTFUUJOHVQBO&YDIBOHF
4FSWFSDPOOFDUJPO:PVDBOHFUUIFDPNQBOZFNBJMTFSWFSJOGPSNBUJPOGSPN
ZPVSOFUXPSLBENJOJTUSBUPS
 $MJDL4UBSU.FTTBHJOH/FX&NBJM"DDPVOU
 &OUFSZPVSFNBJMBEESFTT$MFBSUIF5SZUPHFUFNBJMTFUUJOHT
BVUPNBUJDBMMZGSPNUIF*OUFSOFUDIFDLCPYUIFODMJDL/FYU
 *O:PVSFNBJMQSPWJEFSTFMFDU&YDIBOHFTFSWFSBOEDMJDL/FYU
 0OUIFTDSFFOUIBUGPMMPXTDMJDL/FYU
 *O4FSWFSBEESFTTFOUFSUIF&YDIBOHF4FSWFSOBNFBOEDMJDL/FYU
 &OUFSZPVSVTFSOBNFQBTTXPSEBOEEPNBJOBOEDMJDL/FYU
 4FMFDUUIFDIFDLCPYFTGPSUIFUZQFTPGJOGPSNBUJPOJUFNTUIBUZPV
XBOUUPTZODISPOJ[FXJUIUIF&YDIBOHF4FSWFS
 5PDIBOHFTZODISPOJ[BUJPOTFUUJOHTPGBOJOGPSNBUJPOUZQFGPS
FYBNQMFFNBJMTFMFDUJOGPSNBUJPOUZQFBOEDMJDL.FOV4FUUJOHT
 $MJDL'JOJTI
5JQTr 5PDIBOHFUIFSVMFTGPSSFTPMWJOHTZODISPOJ[BUJPODPOGMJDUTDMJDL.FOV
"EWBODFE
r 5PDIBOHF&YDIBOHF4FSWFSTFUUJOHTPQFO"DUJWF4ZODPOZPVSQIPOFBOE
DMJDL.FOV$POGJHVSF4FSWFS
/PUF *GZPVTZODISPOJ[FEFNBJMTXJUIZPVS1$CFGPSFPQFO"DUJWF4ZODPO
ZPVSQIPOFBOEDMJDL.FOV"EE4FSWFS4PVSDFUPTFUVQBO&YDIBOHF
4FSWFSDPOOFDUJPO8IFOZPVBSFQSPNQUFEUPTFMFDUJOGPSNBUJPOUZQFTGPS
TZODISPOJ[BUJPOZPVOFFEUPDMFBSUIF&NBJMDIFDLCPYVOEFSUIF8JOEPXT
1$JUFNGJSTUCFGPSFZPVDBOTFMFDUUIF&NBJMDIFDLCPYVOEFS&YDIBOHF
4FSWFS
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
4UBSUTZODISPOJ[BUJPO
#FGPSFZPVTUBSUTZODISPOJ[JOHXJUIUIF&YDIBOHF4FSWFSNBLFTVSFZPVS
QIPOFIBTCFFOTFUVQXJUIBEBUBDPOOFDUJPOUPUIF*OUFSOFUTPUIBUZPV
DBOTZODISPOJ[FXJSFMFTTMZ4FF$IBQUFSGPSEFUBJMT
"GUFSZPVGJOJTITFUUJOHVQBO&YDIBOHF4FSWFSDPOOFDUJPOZPVS
QIPOFBVUPNBUJDBMMZTUBSUTTZODISPOJ[BUJPO:PVDBONBOVBMMZTUBSU
TZODISPOJ[BUJPOBOZUJNFCZDMJDLJOH4ZODJO"DUJWF4ZOD
/PUF *GZPVDPOOFDUZPVSQIPOFUPZPVSPGGJDFDPNQVUFSWJBB64#PS#MVFUPPUI
DPOOFDUJPOZPVDBOVTFUIJTDPOOFDUJPOUPUIF1$UPiQBTTUISPVHIuUPUIF
OFUXPSLBOEEPXOMPBE0VUMPPLFNBJMTBOEPUIFSJOGPSNBUJPOUPZPVS
QIPOF
 8PSLJOHXJUI$PNQBOZ&NBJMT
:PVSQIPOFHJWFTZPVJOTUBOUBDDFTTUPZPVSDPNQBOZFNBJMTBOEMFUTZPV
NBOBHFZPVSNFTTBHFTFBTJFS.FTTBHJOHGFBUVSFTTVDIBT%JSFDU1VTI
'FUDI.BJMBOE'JMUFSJOHNFTTBHFTBSFKVTUTPNFPGUIFUPPMTZPVDBOVTFUP
NBOBHFZPVSFNBJMT
/PUF 4PNFNFTTBHJOHGFBUVSFTEFQFOEPOUIF.JDSPTPGU&YDIBOHF4FSWFSWFSTJPO
VTFE1MFBTFDIFDLXJUIZPVSOFUXPSLBENJOJTUSBUPSGPSUIFBWBJMBCJMJUZPG
&YDIBOHF4FSWFSGFBUVSFT
"VUPNBUJDTZODISPOJ[BUJPOUISPVHI%JSFDU1VTI
%JSFDU1VTIUFDIOPMPHZQVTIFNBJMGFBUVSFFOBCMFTZPVUPSFDFJWFOFX
FNBJMTPOZPVSQIPOFBTTPPOBTUIFZBSSJWFJOZPVS*OCPYPOUIF&YDIBOHF
4FSWFS8JUIUIJTGFBUVSFJUFNTTVDIBTDPOUBDUTDBMFOEBSBOEUBTLTBSF
BMTPJNNFEJBUFMZVQEBUFEPOUPZPVSQIPOFXIFOUIFTFJUFNTIBWFCFFO
DIBOHFEPSOFXFOUSJFTIBWFCFFOBEEFEPOUIF&YDIBOHF4FSWFS5PNBLF
%JSFDU1VTIXPSLZPVOFFEUPIBWFB(134DPOOFDUJPOPOZPVSQIPOF
:PVOFFEUPQFSGPSNBGVMMTZODISPOJ[BUJPOCFUXFFOZPVSQIPOFBOEUIF
&YDIBOHF4FSWFSGJSTUCFGPSF%JSFDU1VTIDBOCFFOBCMFE
3FRVJSFNFOU 5IF%JSFDU1VTIGFBUVSFXPSLTGPSZPVSQIPOFPOMZJGZPVSDPNQBOZ
JTVTJOH.JDSPTPGU&YDIBOHF4FSWFS4FSWJDF1BDL41
XJUI&YDIBOHF"DUJWF4ZODPSIJHIFSWFSTJPO
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
5PFOBCMF%JSFDU1VTIWJB$PNN.BOBHFS
 $MJDL4UBSU$PNN.BOBHFS
 0OUIF$PNN.BOBHFSTDSFFODMJDLUIF.JDSPTPGU%JSFDU1VTI
CVUUPO5IFCVUUPO XJMMUVSOUP XIJDIJOEJDBUFT
UIBUZPVXJMMSFDFJWFFNBJMTBTUIFZBSSJWF
8IFOUIFCVUUPOJTJOUIF TUBUFZPVOFFEUPNBOVBMMZ
SFUSJFWFZPVSFNBJMT
5PFOBCMF%JSFDU1VTIWJB"DUJWF4ZOD
 *O"DUJWF4ZODPOZPVSQIPOFDMJDL.FOV4DIFEVMF
 4FMFDU"TJUFNTBSSJWFJOUIF1FBLUJNFTBOE0GGQFBLUJNFTCPYFT
 
/PUF 8IFOCPUIUIF(134BOE8J'JDPOOFDUJPOTBSFUVSOFEPOBUUIFTBNFUJNF
UIF%JSFDU1VTIGFBUVSFXJMMBMXBZTPQUGPS(134GPSXIJDIZPVDPVMECF
DIBSHFEBTQFSZPVSOFUXPSLPQFSBUPSTTFSWJDFQMBO
4DIFEVMFETZODISPOJ[BUJPO
*GZPVEPOPUXBOUUPVTF%JSFDU1VTIZPVDBOTFUBSFHVMBSTDIFEVMFGPS
TZODISPOJ[JOH0VUMPPLFNBJMBOEJOGPSNBUJPO
 *O"DUJWF4ZODPOZPVSQIPOFDMJDL.FOV4DIFEVMF
 4FMFDUBTIPSUFSUJNFJOUFSWBMJOUIF1FBLUJNFTCPYGPSZPVUPCFBCMF
UPSFDFJWFFNBJMTNPSFGSFRVFOUMZ
 4FMFDUBMPOHFSJOUFSWBMJOUIF0GGQFBLUJNFTCPY
5JQ $MJDL.FOV1FBL5JNFTUPTFUUIFQFBLBOEPGGQFBLUJNFT
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
*OTUBOUEPXOMPBEUISPVHI'FUDI.BJM
'FUDI.BJMEPXOMPBETBOFOUJSFFNBJMJNNFEJBUFMZXJUIPVUUIFOFFEGPS
ZPVUPQFSGPSNBGVMM4FOE3FDFJWFBDUJPO
3FRVJSFNFOU 'FUDI.BJMXPSLTGPSZPVSQIPOFPOMZJGZPVSDPNQBOZJTVTJOH
.JDSPTPGU&YDIBOHF4FSWFSPSIJHIFS
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 $MJDLBOFNBJMNFTTBHFUPPQFOJU
 #ZEFGBVMUPOMZUIFGJSTUGFXLJMPCZUFTPGUIFNFTTBHFJTTIPXO5P
EPXOMPBEUIFXIPMFFNBJMTDSPMMUPUIFCPUUPNPGUIFNFTTBHFUIFO
DMJDL(FUUIFSFTUPGUIJTNFTTBHF
 "i%PXOMPBEJOHNFTTBHFuTUBUVTBQQFBST8BJUGPSUIFSFNBJOEFSPG
UIFNFTTBHFCPEZUPCFEPXOMPBEFE
5JQ 'PSJOGPSNBUJPOBCPVUDIBOHJOHFNBJMTZODPQUJPOTTVDIBTUIFJOJUJBM
EPXOMPBETJ[FMJNJUGPSFNBJMTFF$VTUPNJ[FFNBJMTFUUJOHTJO$IBQUFS
4FBSDIGPSFNBJMTPOUIF&YDIBOHF4FSWFS
:PVDBOBDDFTTNFTTBHFTUIBUBSFOPUBWBJMBCMFPOZPVSQIPOFCZTFBSDIJOH
ZPVS.JDSPTPGU&YDIBOHF4FSWFSNBJMCPY5IFTFBSDISFTVMUTXJMMCF
EPXOMPBEFEBOEEJTQMBZFEJOB4FBSDI3FTVMUTGPMEFS
3FRVJSFNFOU :PVSDPNQBOZNVTUCFVTJOH.JDSPTPGU&YDIBOHF4FSWFSPS
IJHIFS
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 $MJDL.FOV5PPMT4FBSDI4FSWFS
 *OUIF-PPLGPSUFYUCPYFOUFSUIFTFBSDI
LFZXPSE
 $IPPTFUIF%BUFSBOHFPGNFTTBHFTUP
TFBSDIGSPNBOEXIFSFUPTFBSDIJO-PPLJO
 $MJDL4FBSDI
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
'MBHZPVSNFTTBHFT
'MBHTTFSWFBTBSFNJOEFSUPZPVSTFMGUPGPMMPXVQPOJNQPSUBOUJTTVFTPS
SFRVFTUTUIBUBSFJOEJDBUFEJOUIFNFTTBHFT
3FRVJSFNFOU 'MBHTBSFFOBCMFEPOMZJGFNBJMTBSFTZODISPOJ[FEXJUI.JDSPTPGU
&YDIBOHF4FSWFSPSIJHIFS'MBHTBSFEJTBCMFEPSIJEEFOJG
FNBJMTBSFTZODISPOJ[FEXJUIFBSMJFSWFSTJPOTPG.JDSPTPGU
&YDIBOHF4FSWFS
5PGMBHPSVOGMBHBNFTTBHF
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 4FMFDUBNFTTBHFPSPQFOBNFTTBHF
 $MJDL.FOV'PMMPX6QBOETFMFDUPOFPGUIFGPMMPXJOHPQUJPOT
r4FU'MBH.BSLUIFNFTTBHFXJUI
BSFEGMBHUPJOEJDBUFUIBUJUOFFET
GPMMPXVQ
r$PNQMFUF'MBH.BSLUIFNFTTBHF
XJUIBDIFDLNBSLUPJOEJDBUFUIBU
UIFJTTVFPSSFRVFTUJOUIFFNBJMJT
BMSFBEZDPNQMFUFE
r$MFBS'MBH3FNPWFUIFGMBHUP
VONBSLUIFNFTTBHF
/PUF &NBJMNFTTBHFSFNJOEFSTBSFEJTQMBZFEPOZPVSQIPOFJGUIFNFTTBHFTBSF
GMBHHFEXJUISFNJOEFSTBOETZODISPOJ[FEGSPNUIF&YDIBOHF4FSWFS
0VUPGPGGJDFBVUPSFQMZ
0VUMPPL.PCJMFBMMPXTZPVUPSFUSJFWFBOEDIBOHFZPVSPVUPGPGGJDFTUBUVT
+VTUMJLFEFTLUPQ0VUMPPL&NBJM0VUMPPL.PCJMFBVUPNBUJDBMMZTFOETBO
BVUPSFQMZNFTTBHFXIFOZPVSFOPUBWBJMBCMF
3FRVJSFNFOU :PVSDPNQBOZNVTUCFVTJOH.JDSPTPGU&YDIBOHF4FSWFSPS
IJHIFS
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
5PTFOEPVUPGPGGJDFBVUPSFQMZNFTTBHFT
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 $MJDL.FOV5PPMT0VUPG0GGJDF
 'SPNUIF*BNDVSSFOUMZMJTUTFMFDU0VUPGUIF0GGJDF
 &OUFSZPVSBVUPSFQMZNFTTBHFUIFODMJDL%POF
7JFX4IBSF1PJOUEPDVNFOUT
8IFOZPVSFDFJWFBO)5.-FNBJMDPOUBJOJOHBMJOLUPB4IBSF1PJOU
EPDVNFOUZPVDBODMJDLUIFMJOLUPBDDFTTBOEWJFXUIFEPDVNFOUPOZPVS
QIPOF
/PUF :PVOFFEUPTFUUJOH71/DPOOFDUJPOGJSTU*GZPVEPOPUTFUVQUIF71/
DPOOFDUJPOJOBEBWBODFZPVXJMMOPUCFBCMFUPDPOOFDUUP*OUSBOFUBOEWJFX
UIFEPDVNFOU
3FRVJSFNFOU :PVSDPNQBOZNVTUCFVTJOH.JDSPTPGU&YDIBOHF4FSWFSPS
IJHIFS
 .BOBHJOH.FFUJOH3FRVFTUT
8IFOZPVTDIFEVMFBOETFOENFFUJOHSFRVFTUTGSPNZPVSQIPOFZPV
DBOJOWJUFBUUFOEFFTUPZPVSNFFUJOHBOEDIFDLUIFJSTUBUVTUPLOPXUIFJS
BWBJMBCJMJUZ
8IFOZPVSFDFJWFBNFFUJOHSFRVFTUZPVDBOSFQMZCZBDDFQUJOHPS
EFDMJOJOHUIFSFRVFTU5IFNFFUJOHSFRVFTUBMTPDMFBSMZJOEJDBUFTXIFUIFSPS
OPUUIFSFBSFDPOGMJDUJOHPSBEKBDFOUNFFUJOHT
3FRVJSFNFOU :PVSDPNQBOZNVTUCFVTJOH.JDSPTPGU&YDIBOHF4FSWFSPS
IJHIFS
5PDIFDLUIFTUBUVTPGJOWJUFEBUUFOEFFT
 $MJDL4UBSU$BMFOEBS
 'PMMPXUIFQSPDFEVSFJOi5PTFOEBNFFUJOHSFRVFTUuJO$IBQUFSUP
JOWJUFSFRVJSFEBOEPQUJPOBMBUUFOEFFTBOETFOEBNFFUJOHSFRVFTU
 8BJUGPSUIFBUUFOEFFTUPSFTQPOE8IFOUIFJSSFTQPOTFTBSFTFOUCBDL
UPZPVZPVSDBMFOEBSJTVQEBUFEBTXFMM
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
 5PDIFDLUIFTUBUVTPGUIFBUUFOEFFTXIPSFTQPOEFEDMJDL4UBSU
$BMFOEBSBOEUIFODMJDLUIFTDIFEVMFENFFUJOH
 *OUIFNFFUJOHEFUBJMTDMJDL"UUFOEFFT
5PSFQMZUPBNFFUJOHSFRVFTU
 8IFOUIFSFTBOJODPNJOHFNBJMXJUIBNFFUJOHSFRVFTUB
OPUJGJDBUJPONFTTBHFXJMMCFEJTQMBZFEPOZPVSQIPOFT)PNFTDSFFO
4DSPMMUP0VUMPPLFNBJMBOEDMJDLJU
 *OUIF0VUMPPLNFTTBHFMJTUDMJDLUIFFNBJMUPPQFOJU
 $MJDL"DDFQUUPSFQMZBOEBDDFQUUIFNFFUJOHSFRVFTUPSDMJDL.FOV
%FDMJOFJGZPVDBOOPUBUUFOEUIFNFFUJOH
5JQTr#FGPSFSFTQPOEJOHZPVDBODIFDLZPVSBWBJMBCJMJUZEVSJOHUIFUJNFPGUIF
SFRVFTUFENFFUJOHCZDMJDLJOH7JFXZPVSDBMFOEBS
r *GUIFUJNFPGUIFNFFUJOHDPOGMJDUTXJUIZPVSPUIFSBQQPJOUNFOUTB
i4DIFEVMJOH$POGMJDUuTUBUVTBQQFBSTPOUPQPGUIFFNBJM
 $IPPTFXIFUIFSPSOPUUPFEJUUIFSFTQPOTFFNBJMCFGPSFTFOEJOH
BOEUIFODMJDL0,
 
 *GZPVBDDFQUFEUIFNFFUJOHSFRVFTUJUXJMMBVUPNBUJDBMMZCFBEEFEBT
BOBQQPJOUNFOUJO$BMFOEBSPOZPVSQIPOF
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
 'JOEJOH$POUBDUTJOUIF$PNQBOZ%JSFDUPSZ
*OBEEJUJPOUPIBWJOHDPOUBDUTPOZPVSQIPOFZPVDBOBDDFTTDPOUBDU
JOGPSNBUJPOGSPNZPVSPSHBOJ[BUJPOT$PNQBOZ%JSFDUPSZ
3FRVJSFNFOU "DDFTTUPUIF$PNQBOZ%JSFDUPSZJTBWBJMBCMFPOMZJGZPVS
PSHBOJ[BUJPOJTSVOOJOH.JDSPTPGU&YDIBOHF4FSWFS41PS
IJHIFSBOEZPVIBWFDPNQMFUFEZPVSGJSTUTZODISPOJ[BUJPOXJUIUIF
&YDIBOHF4FSWFS
 4ZODISPOJ[FXJUI&YDIBOHF4FSWFSJGZPVIBWFOFWFSEPOFTP
 %PBOZPGUIFGPMMPXJOH
r *O$POUBDUTDMJDL.FOV$PNQBOZ%JSFDUPSZ
r *OBOFXFNBJMDMJDLUIF5PCPYBOEUIFODMJDL$PNQBOZ
%JSFDUPSZBUUIFUPQPGUIFMJTUPSDMJDL.FOV$PNQBOZ
%JSFDUPSZ
*O$POUBDUT *OBOFXFNBJM
r *OBOFXNFFUJOHSFRVFTUVTJOH$BMFOEBSTDSPMMUP"UUFOEFFTBOE
DMJDL/PBUUFOEFFT"EE3FRVJSFE"UUFOEFFPS"EE0QUJPOBM
"UUFOEFFBOEUIFODMJDL$PNQBOZ%JSFDUPSZBUUIFUPQPGUIFMJTU
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
 &OUFSUIFQBSUPSGVMMDPOUBDUOBNFBOEDMJDL4FBSDI*OUIFTFBSDI
SFTVMUTMJTUDMJDLBDPOUBDUUPTFMFDUJU
 
/PUFT r :PVDBOTBWFBDPOUBDUGSPNUIF$PNQBOZ%JSFDUPSZUPZPVSQIPOFCZ
TFMFDUJOHUIFDPOUBDUBOEUIFODMJDLJOH.FOV4BWFUP$POUBDUT
r:PVDBOTFBSDIPOUIFGPMMPXJOHJOGPSNBUJPOBTMPOHBTUIBUJOGPSNBUJPOJT
JODMVEFEJOZPVSPSHBOJ[BUJPOT$PNQBOZ%JSFDUPSZ'JSTUOBNF-BTUOBNF
&NBJMOBNF%JTQMBZOBNF&NBJMBEESFTTPS0GGJDFMPDBUJPO
 &NBJM4FDVSJUZ
8JOEPXT.PCJMFPOZPVSQIPOFQSPUFDUTZPVS0VUMPPLFNBJMTUISPVHI
4FDVSF.VMUJQVSQPTF*OUFSOFU.BJM&YUFOTJPO4.*.&XIJDIBMMPXTZPVUP
EJHJUBMMZTJHOBOEFODSZQUZPVSNFTTBHFT
3FRVJSFNFOU 4.*.&FODSZQUJPOBOEEJHJUBMTJHOBUVSFTGPS8JOEPXT.PCJMF
CBTFEQIPOFTBSFBWBJMBCMFPOMZXJUI&YDIBOHF4FSWFS41
PSBMBUFSWFSTJPOUIBUTVQQPSUT4.*.&*GZPVBSFOPUVTJOHPOF
PGUIFTFQSPEVDUTPSIBWFOPUZFUTZODISPOJ[FEUIFTFPQUJPOTBSF
VOBWBJMBCMF
/PUF :PVDBOFODSZQUBNFTTBHFXJUIPSXJUIPVUBDFSUJGJDBUF)PXFWFSUPEFDSZQU
BOESFBEBOFODSZQUFENFTTBHFZPVOFFEBWBMJEDFSUJGJDBUF
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
5PJOEJWJEVBMMZTJHOBOEFODSZQUBOFXNFTTBHF
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 $MJDL.FOV/FXUPDSFBUFBOFXNFTTBHF
 $MJDL.FOV.FTTBHF0QUJPOT
 'SPNUIF4FDVSJUZMJTUTFMFDUXIFUIFSUPFODSZQUPOMZTJHOUIF
NFTTBHFPOMZPSEPCPUI
 $MJDL%POF
5PWFSJGZUIFEJHJUBMTJHOBUVSFPOBTJHOFENFTTBHFZPVSFDFJWF
 0QFOUIF0VUMPPLFNBJMNFTTBHFUIBUIBTCFFOEJHJUBMMZTJHOFE
 "UUIFUPQPGUIFNFTTBHFDMJDL7JFXTJHOBUVSFTUBUVT
 $MJDL.FOV$IFDL$FSUJGJDBUF
5PWJFXUIFEFUBJMTPGUIFDFSUJGJDBUFJOUIFNFTTBHFDMJDL.FOV7JFX
$FSUJGJDBUF
/PUF 5IFSFBSFTFWFSBMSFBTPOTXIZBEJHJUBMTJHOBUVSFNBZOPUCFWBMJE'PS
FYBNQMFUIFTFOEFSTDFSUJGJDBUFNBZIBWFFYQJSFEJUNBZIBWFCFFO
SFWPLFECZUIFDFSUJGJDBUFBVUIPSJUZPSUIFTFSWFSUIBUWFSJGJFTUIFDFSUJGJDBUF
JTVOBWBJMBCMF$POUBDUUIFTFOEFSUPSFQPSUUIFQSPCMFN
5PEJHJUBMMZTJHOBOEFODSZQUBMMNFTTBHFT
:PVDBOTFUVQ"DUJWF4ZODUPEJHJUBMMZTJHOBOEFODSZQUBMMPVUHPJOH
NFTTBHFT:PVNVTUPCUBJOBWBMJEDFSUJGJDBUFUPTJHOBOEFODSZQUFNBJM
NFTTBHFTTVDDFTTGVMMZ
 $MJDL4UBSU"DUJWF4ZOD
 $MJDL.FOV0QUJPOT
 4FMFDUUIF&NBJMJOGPSNBUJPOUZQFBOEDMJDL4FUUJOHT0OUIF&NBJM
4ZOD0QUJPOTTDSFFODMJDL.FOV"EWBODFE
8PSLJOHXJUI$PNQBOZ&NBJMTBOE.FFUJOH"QQPJOUNFOUT
 4FMFDU&ODSZQUNFTTBHFTUPQSPUFDUZPVSFNBJMTGSPNCFJOHWJFXFE
FYDFQUCZUIFJOUFOEFESFDJQJFOUT4FMFDU4JHONFTTBHFTTPUIBU
SFDJQJFOUTBSFDFSUBJOUIBUFNBJMTBSFTFOUCZZPVBOEIBWFOPUCFFO
BMUFSFE
 $MJDL.FOV$IPPTF$FSUJGJDBUFUPTFMFDUBDFSUJGJDBUFGPSTJHOJOHPS
FODSZQUJOHPVUHPJOHFNBJMNFTTBHFT
4FUQFSNJTTJPOTPOBOFNBJMNFTTBHF
"OPUIFSXBZPGQSPUFDUJOHZPVSFNBJMNFTTBHFTJTUPTFOENFTTBHFTXJUI
SFTUSJDUFEQFSNJTTJPOTVTJOH*OGPSNBUJPO3JHIUT.BOBHFNFOU*3.
3FRVJSFNFOU 5IJTXPSLTPOMZXJUIB.JDSPTPGU0VUMPPLFNBJMBDDPVOUBOEJGZPVS
DPNQBOZJTVTJOH3.44FSWFS41
 $MJDL4UBSU.FTTBHJOH0VUMPPL&NBJM
 $SFBUFBNFTTBHFUIFODMJDL.FOV.FTTBHF0QUJPOT
 *O1FSNJTTJPOTEPPOFPGUIFGPMMPXJOH
r 5PBMMPXBOZPOFUPSFBEUIFNFTTBHFTFMFDU6OSFTUSJDUFE"DDFTT
r 5PQSFWFOUUIFNFTTBHFGSPNCFJOHGPSXBSEFEQSJOUFEPSDPQJFE
TFMFDU%P/PU'PSXBSE
 $MJDL%POF
5JQ "O*3.QSPUFDUFENFTTBHFSFDFJWFEPOZPVSQIPOFDBOPOMZCFSFQMJFEUPPS
GPSXBSEFEJGUIFNFTTBHFQFSNJUTJU
$IBQUFS
(FUUJOH$POOFDUFE
$PNN.BOBHFS
$POOFDUJOHUPUIF*OUFSOFU
*OUFSOFU&YQMPSFS.PCJMF
*OUFSOFU4IBSJOH
#MVFUPPUI
8JOEPXT-JWF
8JOEPXT-JWF.FTTFOHFS
(FUUJOH$POOFDUFE
$PNN.BOBHFS
$PNN.BOBHFSBDUTMJLFBDFOUSBMTXJUDIUIBUMFUTZPVFOBCMFPSEJTBCMF
QIPOFGFBUVSFTBTXFMMBTNBOBHFZPVSEBUBDPOOFDUJPOTFBTJMZ
5PPQFO$PNN.BOBHFS
r $MJDL4UBSU$PNN.BOBHFS
$MJDLUPUPHHMFCFUXFFOUVSOJOHPOPSPGG'MJHIUNPEF5VSOJOHPO'MJHIU
NPEFUVSOTPGGUIFQIPOF#MVFUPPUIBOE8-"/GVODUJPOT
$MJDLUPFOBCMJOHPSEJTBCMFUIFQIPOF$MJDL4FUUJOHT1IPOFUPBDDFTT
QIPOFTFUUJOHT
$MJDLUPUPHHMFCFUXFFOUVSOJOHPOPSPGG#MVFUPPUI4FFi#MVFUPPUIuGPS
EFUBJMT$MJDL4FUUJOHT#MVFUPPUIUPDPOGJHVSF#MVFUPPUIPOZPVSQIPOF
$MJDLUPUPHHMFCFUXFFOUVSOJOHPOPSPGG8J'J$MJDL4FUUJOHT8-"/
4FUUJOHTUPDPOGJHVSF8J'JPOZPVSQIPOF4FFi8J'JuGPSEFUBJMT
$MJDLUPUPHHMFCFUXFFOBVUPNBUJDBMMZSFDFJWJOHBTJUFNTBSSJWFPSNBOVBMMZ
SFUSJFWJOH0VUMPPLFNBJMT4FF$IBQUFSGPSEFUBJMT
$MJDLUPTUPQBDUJWFEBUBTFSWJDFTFH(134:PVDBOOPUSFDPOOFDUEBUB
TFSWJDFTJO$PNN.BOBHFS
$MJDLUPUVSOPOUIFQIPOFhTSJOHFSPSTFUJUUPWJCSBUJPONVUFNPEF
$MJDLUPPQFO"DUJWF4ZODTPZPVDBOTZODISPOJ[FUIFQIPOFBOEDPNQVUFS
'PSNPSFJOGPSNBUJPOSFHBSEJOH"DUJWF4ZODTFF$IBQUFS
(FUUJOH$POOFDUFE
$POOFDUJOHUPUIF*OUFSOFU
8BZTPG$POOFDUJOHUPUIF*OUFSOFU
:PVSQIPOFTOFUXPSLJOHDBQBCJMJUJFTBMMPXZPVUPBDDFTTUIF*OUFSOFU
PSZPVSDPSQPSBUFOFUXPSLBUXPSLUISPVHIXJSFMFTTBOEDPOWFOUJPOBM
DPOOFDUJPOT
:PVDBODPOOFDUUPUIF*OUFSOFUCZVTJOHPOFPGUIFGPMMPXJOH
r 8J'J
r (134(
r %JBMVQ
/PUF :PVDBOBMTPBEEBOETFUVQUIFGPMMPXJOHDPOOFDUJPOT
r 71/"71/DPOOFDUJPOJTVTFEUPBDDFTTZPVSDPSQPSBUFOFUXPSLCZ
VTJOHBOFYJTUJOH*OUFSOFUDPOOFDUJPO
r 1SPYZ"1SPYZDPOOFDUJPOJTVTFEUPBDDFTTUIF*OUFSOFUVTJOHBO
FYJTUJOHDPOOFDUJPOUPZPVSDPSQPSBUFPS8"1OFUXPSL
8J'J
8J'JQSPWJEFTXJSFMFTT*OUFSOFUBDDFTTPWFSEJTUBODFTPGVQUPNFUFST
/PUF 5IFBWBJMBCJMJUZBOESBOHFPGZPVSQIPOFT8J'JTJHOBMEFQFOETPOUIF
OVNCFSJOGSBTUSVDUVSFBOEPUIFSPCKFDUTUISPVHIXIJDIUIFTJHOBMQBTTFT
5PDPOOFDUUPBOFYJTUJOH8J'JOFUXPSL
 0OUIF)PNFTDSFFODMJDL4UBSU$PNN.BOBHFSBOEDMJDLUIF
8-"/JDPO5IF8-"/JDPOJTUIFOIJHIMJHIUFEUPJOEJDBUFUIBU8-"/
JTUVSOFEPO
 "GUFSBGFXTFDPOETBNFTTBHFBTLTZPVJGZPVXBOUUPTFFUIFMJTUPG
BWBJMBCMFOFUXPSLTDMJDL:FT
ˁʳ *O4FMFDUOFUXPSLDIPPTFUIF8-"/OFUXPSLUPDPOOFDUUP
 *O/FUXPSLUZQFTFMFDU*OUFSOFUBOEDMJDL$POOFDU
 *GZPVBSFDPOOFDUJOHUPBTFDVSJUZFOBCMFEOFUXPSLZPVXJMMCFBTLFE
UPFOUFSUIF8&1,FZ&OUFSUIF8&1,FZBOEDMJDL%POF
:PVDBODIFDLUIF8J'JJDPOPOUIF5JUMFCBSPGUIFTDSFFUPTFFJGZPVBSF
DPOOFDUFEUPUIF8J'JOFUXPSL5PTFFUIFTUBUVTJDPOTQMFBTFTFFi4UBUVT
*OEJDBUPSTuJO$IBQUFS
(FUUJOH$POOFDUFE
/PUFTr 8J'JDPOOFDUTUPUIFEFGBVMUOFUXPSLUIBUJTBWBJMBCMFPOZPVSQIPOF
)PXFWFS(134TUBSUTCZEFGBVMUJGZPVSQIPOFEPFTOPUEFUFDUBOZ8J'J
TJHOBM
r*O$PNN.BOBHFSDMJDL4FUUJOHT8-"/4FUUJOHT$POOFDUJPO4UBUVT
UPDIFDLUIFDVSSFOUDPOOFDUJPOTUBUVTBOETJHOBMRVBMJUZPGFBDI8J'J
DIBOOFM
5PJODSFBTFTFDVSJUZPOUIF8J'JOFUXPSL
5IF-&"1-JHIUXFJHIU&YUFOTJCMF"VUIFOUJDBUJPO1SPUPDPMGFBUVSFPG
$PNN.BOBHFSIFMQTJODSFBTFTFDVSJUZPOZPVSQIPOFBOEFOTVSFTUIBU
OPCPEZJTBCMFUPBDDFTTZPVSOFUXPSLXJUIPVUZPVSQFSNJTTJPO
 0OUIF8-"/4FUUJOHTTDSFFOTFMFDU-&"1
 $MJDL.FOV/FX
 &OUFSUIF44*%4FSWJDF4FU*EFOUJñFS:PVDBOPCUBJOUIJTJOGPSNBUJPO
GSPNZPVSXJSFMFTTTFSWJDFQSPWJEFS
 &OUFSUIFVTFSOBNFQBTTXPSEBOEEPNBJO
 4FMFDUBO"VUIFOUJDBUJPO5ZQF
#ZEFGBVMUUIF"VUIFOUJDBUJPO5ZQFGPSZPVSQIPOFJT0QFO4ZTUFN
BVUIFOUJDBUJPO
/PUFTr #ZEFGBVMUUIF-&"1TDSFFOEJTQMBZTEBUBUIBUZPVFOUFSFEQSFWJPVTMZ
)PXFWFSZPVDBONPEJGZPSEFMFUFUIFEBUBBTSFRVJSFECZDMJDLJOH.FOV
.PEJGZPS.FOV%FMFUFPOUIF-&"1TDSFFO
r 'PS-&"1UPXPSLDPSSFDUMZUIFSFDFJWJOHQIPOFZPVSQIPOFNVTUCFTFU
XJUIUIFTBNF44*%VTFSOBNFBOEQBTTXPSEBTUIFBDDFTTQPJOU
(134(
:PVDBOVTF(134(UPDPOOFDUUPUIF*OUFSOFUPSUPTFOEBOESFDFJWF..4
POZPVSQIPOF8IFOZPVVTF(134(ZPVXJMMCFCJMMFEQFS,#,JMPCZUF
XIFOTFOEJOHPSSFDFJWJOHJOGPSNBUJPO
*G(134TFUUJOHTBSFOPUQSFTFUPOZPVSQIPOFPCUBJOUIF"DDFTTQPJOU
OBNFGSPNZPVSXJSFMFTTTFSWJDFQSPWJEFS"MTPDIFDLXJUIZPVSXJSFMFTT
TFSWJDFQSPWJEFSJGBVTFSOBNFBOEQBTTXPSEBSFSFRVJSFE
/PUF $IFDLXJUIZPVSTFSWJDFQSPWJEFSIPXNVDIJUDIBSHFTGPSJUT(134TFSWJDF
(FUUJOH$POOFDUFE
5PTFUVQBOFX(134DPOOFDUJPO
 0OUIF)PNFTDSFFODMJDL4UBSU
4FUUJOHT$POOFDUJPOT(134/FX
 *O%FTDSJQUJPOFOUFSBOBNFGPSUIF
DPOOFDUJPO
 *O$POOFDUTUPTFMFDU5IF*OUFSOFU
 &OUFSUIFOBNFPGUIF(134"DDFTTQPJOU
PGZPVSXJSFMFTTTFSWJDFQSPWJEFS
 &OUFSUIFBQQSPQSJBUFJOGPSNBUJPOJO
UIFSFNBJOJOHñFMETJGSFRVJSFECZZPVS
XJSFMFTTTFSWJDFQSPWJEFS
 $MJDL%POF
%JBMVQ
8IFOZPVVTFZPVSQIPOFUPEJBMVQUPZPVS*41BOEDPOOFDUUPUIF*OUFSOFU
PSUPZPVSDPSQPSBUFOFUXPSLZPVXJMMCFCJMMFECZUIFOVNCFSPGNJOVUFT
UIBUZPVVTF
5PTFUVQBEJBMVQDPOOFDUJPOGPSCSPXTJOHUIF*OUFSOFU
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
%JBMVQ/FX
 *O%FTDSJQUJPOFOUFSBOBNFGPSUIFDPOOFDUJPO
 *O$POOFDUTUPTFMFDU5IF*OUFSOFU
 &OUFSUIFBQQSPQSJBUFJOGPSNBUJPOJOUIFSFNBJOJOHñFMET
 $MJDL%POF
5PTFUVQBEJBMVQDPOOFDUJPOUPZPVSDPSQPSBUFOFUXPSL
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
%JBMVQ/FX
 *O%FTDSJQUJPOFOUFSBOBNFGPSUIFDPOOFDUJPO
 *O$POOFDUTUPTFMFDU8PSL
 &OUFSUIFBQQSPQSJBUFJOGPSNBUJPOJOUIFSFNBJOJOHñFMET
 $MJDL%POF
(FUUJOH$POOFDUFE
"EWBODFEPQUJPOT
'SPNUIF$POOFDUJPOTTDSFFOZPVDBOBDDFTTBEWBODFEPQUJPOTUPTQFDJGZ
UIFTFSWJDFQSPWJEFSUIFOVNCFSPGSFEJBMBUUFNQUTUIFBNPVOUPGJEMFUJNF
UPXBJUCFGPSFEJTDPOOFDUJOHBOETPPO
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT.FOV
"EWBODFE
 4FMFDUBOFUXPSLTFSWJDFQSPWJEFSGPSFBDIDPOOFDUJPOUZQF:PVDBO
DIPPTF"VUPNBUJDUPBMMPXUIFQIPOFUPTFUBTFSWJDFQSPWJEFSGPS
FBDIDPOOFDUJPOCZEFGBVMU
 $MJDL.FOV0QUJPOT
 $IPPTFUIFBQQSPQSJBUFJOGPSNBUJPOJOUIFSFNBJOJOHñFMET
 $MJDL%POF
"EEB63-FYDFQUJPO
4PNF63-TGPS8FCQBHFTPOZPVSDPNQBOZJOUSBOFUNBZVTFQFSJPETGPS
FYBNQMFJOUSBOFUDPNQBOZOBNFDPN5PWJFXUIFTFQBHFTJO*OUFSOFU
&YQMPSFS.PCJMFZPVNVTUDSFBUFB63-FYDFQUJPO
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT.FOV
"EWBODFE
 $MJDL.FOV8PSL63-&YDFQUJPOT.FOV"EE
 *O63-1BUUFSOFOUFSUIF63-OBNF5PBEENVMUJQMF63-TVTFB
TFNJDPMPO
 $MJDL%POF
/PUF :PVEPOPUOFFEUPDSFBUF63-FYDFQUJPOTGPS*OUFSOFU63-T
(FUUJOH$POOFDUFE
*OUFSOFU&YQMPSFS.PCJMF
*OUFSOFU&YQMPSFS.PCJMFJTBGVMMGFBUVSFE*OUFSOFUCSPXTFSPQUJNJ[FEGPS
VTFPOZPVSQIPOF
5PPQFO*OUFSOFU&YQMPSFS
r 0OUIF)PNFTDSFFODMJDL4UBSU*OUFSOFU&YQMPSFS
#SPXTJOHUIF8FC
 *O*OUFSOFU&YQMPSFSDMJDL.FOV"EESFTT#BS
 &OUFSUIFBEESFTTBOEDMJDL(P
 6TFUIF/"7*("5*0/$0/530-UPCSPXTFUIF8FCQBHF1SFTT
$&/5&30,XIFOBMJOLJTIJHIMJHIUFEUPBDDFTTJU
8IJMFCSPXTJOHUIF8FCDMJDL.FOVUPPQFOBMJTUPGPQUJPOTUIBUXJMM
MFUZPVDIBOHFUIFWJFXTBWF'BWPSJUFTBOETFU*OUFSOFU&YQMPSFS.PCJMF
QSFGFSFODFTBOENPSF
$MJDL.FOV"EEUP
'BWPSJUFTUPTBWFUIF
DVSSFOU8FCQBHFJOZPVS
'BWPSJUFTGPMEFS$MJDL
'BWPSJUFTUPBDDFTTZPVS
'BWPSJUFTGPMEFS
$MJDL.FOV5PPMTUP
MFUZPVTFOEUIFMJOL
WJBFNBJMWJFXUIF
QBHFTQSPQFSUJFTPSTFU
*OUFSOFU&YQMPSFS.PCJMF
QSFGFSFODFT
$MJDL.FOV7JFXBOE
UIFOTFMFDUUIFUFYUTJ[F
BOEUZQFPGWJFXZPVXBOU
UPVTFXIJMFCSPXTJOHB
8FCQBHF
'PSNPSFJOGPSNBUJPOBCPVU*OUFSOFU&YQMPSFS.PCJMFQMFBTFHPUP
IUUQXXXNJDSPTPGUDPNXJOEPXTNPCJMFIFMQTNBSUQIPOF
CSPXTFJOUFSOFUNTQY
(FUUJOH$POOFDUFE
*OUFSOFU4IBSJOH
8JUI*OUFSOFU4IBSJOHZPVDBOVTFZPVSQIPOFBTBOFYUFSOBMNPEFNGPS
BOPUIFSEFWJDFTVDIBTB1%"PSOPUFCPPLDPNQVUFS
/PUFTr .BLFTVSFZPVSQIPOFIBTB4*.64*.DBSEJOTUBMMFEBOEZPVIBWF
TFUVQB(134PSQIPOFEJBMVQNPEFNDPOOFDUJPOPOZPVSQIPOF
*GZPVSQIPOFIBTOPUCFFOTFUVQXJUIBEBUBDPOOFDUJPOZFUDMJDL
.FOV$POOFDUJPO4FUUJOHTPOUIF*OUFSOFU4IBSJOHTDSFFO'PSNPSF
JOGPSNBUJPOBCPVUTFUUJOHVQB(134DPOOFDUJPOTFF(134('PSNPSF
JOGPSNBUJPOBCPVUTFUUJOHVQBQIPOFEJBMVQDPOOFDUJPOTFF%JBMVQ
r#FGPSFVTJOH*OUFSOFU4IBSJOHEJTBCMF"DUJWF4ZODPOZPVSDPNQVUFS
5PEJTBCMF"DUJWF4ZODPQFO"DUJWF4ZODUIFODMJDL'JMF$POOFDUJPO
4FUUJOHTBOEDMFBS"MMPX64#$POOFDUJPOT
4FUVQUIFQIPOFBTBNPEFN
5PTFUVQUIFQIPOFBTB64#NPEFN
 0OZPVSQIPOFDMJDL4UBSU*OUFSOFU4IBSJOH
 *OUIF1$$POOFDUJPOMJTUTFMFDU64#
 *OUIF/FUXPSL$POOFDUJPOMJTUTFMFDUUIFOBNFPGDPOOFDUJPOUIBU
ZPVSQIPOFVTFTUPDPOOFDUUPUIF*OUFSOFU
 1MVHJOUIF64#DBCMFCFUXFFOZPVSQIPOFBOEUIFDPNQVUFS
 $MJDL$POOFDU
5PFOEUIF*OUFSOFUDPOOFDUJPO
r 0OUIF*OUFSOFU4IBSJOHTDSFFODMJDL%JTDPOOFDU
5PTFUVQUIFQIPOFBTB#MVFUPPUINPEFN
:PVDBODPOOFDUZPVSQIPOFUPBDPNQVUFSUISPVHI#MVFUPPUIBOEVTFUIF
QIPOFBTBNPEFNGPSUIFDPNQVUFS
5PMFBSOIPXUPTFUVQUIFQIPOFBTB#MVFUPPUINPEFNTFFi6TFUIF
QIPOFBTB#MVFUPPUINPEFNuJOUIJTDIBQUFS
(FUUJOH$POOFDUFE
#MVFUPPUI
#MVFUPPUIJTBTIPSUSBOHFXJSFMFTTDPNNVOJDBUJPOTUFDIOPMPHZ1IPOFT
XJUI#MVFUPPUIDBQBCJMJUJFTDBOFYDIBOHFJOGPSNBUJPOXJUIJOBEJTUBODFPG
BCPVUNFUFSTXJUIPVUSFRVJSJOHBQIZTJDBMDPOOFDUJPO
#MVFUPPUINPEFT
#MVFUPPUIPOZPVSQIPOFPQFSBUFTJOUISFFEJGGFSFOUNPEFT
 0O#MVFUPPUIJTUVSOFEPO:PVSQIPOFDBOEFUFDUPUIFS#MVFUPPUI
FOBCMFEEFWJDFTCVUOPUWJDFWFSTB
 0í#MVFUPPUIJTUVSOFEPí*OUIJTNPEFZPVDBOOFJUIFSTFOEOPS
SFDFJWFJOGPSNBUJPOVTJOH#MVFUPPUI
 7JTJCMF#MVFUPPUIJTUVSOFEPOBOEBMMPUIFS#MVFUPPUIFOBCMFE
EFWJDFTXJUIJOSBOHFDBOEFUFDUZPVSQIPOF
/PUF #ZEFGBVMU#MVFUPPUIJTUVSOFEPGG*GZPVUVSOJUPOBOEUIFOUVSOPGGZPVS
QIPOF#MVFUPPUIBMTPUVSOTPGG8IFOZPVUVSOPOZPVSQIPOFBHBJO
#MVFUPPUIBVUPNBUJDBMMZUVSOTPO
5PUVSOPOPSPí#MVFUPPUIPOZPVSQIPOF
:PVDBOFOBCMF#MVFUPPUICZDMJDLJOHUIF#MVFUPPUICVUUPOJOUIF$PNN
.BOBHFS:PVDBOBMTPEPUIFGPMMPXJOH
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
 $MJDL#MVFUPPUI.FOV5VSO0O#MVFUPPUI
 5PUVSOPGG#MVFUPPUIDBQBCJMJUJFTPOZPVSQIPOFDMJDL#MVFUPPUI
.FOV5VSO0í#MVFUPPUI
5PNBLFZPVSQIPOFWJTJCMF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
 $MJDL#MVFUPPUI.FOV5VSO0O7JTJCJMJUZ
5JQ &OUFSB#MVFUPPUIQIPOFOBNFGPSZPVSQIPOF5IJTXJMMCFUIFQIPOFOBNF
UIBUXJMMCFTIPXOPOBOPUIFS#MVFUPPUIFOBCMFEEFWJDFXIFOJUTFBSDIFT
BOEEFUFDUTZPVSQIPOF5PFOUFSBOBNFPOUIF#MVFUPPUITDSFFODMJDL
4FDVSJUZBOEFOUFSB%FWJDFOBNF
(FUUJOH$POOFDUFE
#MVFUPPUIQBSUOFSTIJQT
"#MVFUPPUIQBSUOFSTIJQJTBSFMBUJPOTIJQUIBUZPVDSFBUFCFUXFFOZPVS
QIPOFBOEBOPUIFS#MVFUPPUIFOBCMFEEFWJDFJOPSEFSUPFYDIBOHF
JOGPSNBUJPOJOBTFDVSFNBOOFS
5PDSFBUFB#MVFUPPUIQBSUOFSTIJQ
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
 $MJDL#MVFUPPUI"EEOFXEFWJDF
:PVSQIPOFTFBSDIFTGPSPUIFS#MVFUPPUIFOBCMFEEFWJDFTBOEMJTUT
UIFN
 4FMFDUUIFEFTJSFEEFWJDFOBNFJOUIFMJTUBOEDMJDL/FYU
 &OUFSBQBTTDPEFVQUPDIBSBDUFSTUPFTUBCMJTIBTFDVSF
DPOOFDUJPOUIFODMJDL/FYU
 8BJUGPSUIFQBJSFEEFWJDFUPBDDFQUUIFQBSUOFSTIJQ
 0OZPVSQIPOFBNFTTBHFXJMMBQQFBSJOEJDBUJOHUIBUZPVSQIPOFIBT
DPOOFDUFEXJUIUIFQBJSFEEFWJDF$MJDL0,
 5IFOBNFPGUIFQBJSFEEFWJDFJTUIFOEJTQMBZFE:PVNBZFEJUBOE
FOUFSBOFXOBNFGPSUIBUEFWJDFUIFODMJDL/FYU
 4FMFDUUIFDIFDLCPYFTPGTFSWJDFTUIBUZPVXBOUUPVTFGSPNUIF
QBJSFEEFWJDFBOEDMJDL%POF
5PBDDFQUB#MVFUPPUIQBSUOFSTIJQ
 &OTVSFUIBU#MVFUPPUIJTUVSOFEPOBOEJOWJTJCMFNPEF
 $MJDL:FT XIFOQSPNQUFEUPFTUBCMJTIBQBSUOFSTIJQXJUIUIFPUIFS
EFWJDF
 &OUFSBQBTTDPEFUIFTBNFQBTTDPEFUIBUJTFOUFSFEPOUIFEFWJDF
SFRVFTUJOHUIFQBSUOFSTIJQUPFTUBCMJTIBTFDVSFDPOOFDUJPO
 $MJDL/FYU
 "NFTTBHFXJMMBQQFBSJOEJDBUJOHUIBUZPVSQIPOFIBTDPOOFDUFE
XJUIUIFQBJSFEEFWJDF$MJDL0,
 5IFOBNFPGUIFQBJSFEEFWJDFJTUIFOEJTQMBZFE:PVNBZFEJUBOE
FOUFSBOFXOBNFGPSUIBUEFWJDFUIFODMJDL/FYU
(FUUJOH$POOFDUFE
 4FMFDUUIFDIFDLCPYFTPGTFSWJDFTUIBUZPVXBOUUPVTFGSPNUIF
QBJSFEEFWJDF
 $MJDL%POF:PVDBOOPXFYDIBOHFJOGPSNBUJPOXJUIUIFPUIFSEFWJDF
5PDIBOHFUIFEJTQMBZOBNFPGB#MVFUPPUIEFWJDF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
 $MJDL#MVFUPPUIBOEUIFOPOUIFTDSFFOTFMFDUB#MVFUPPUIEFWJDF
 $MJDL.FOV&EJU
 &OUFSBOFXEJTQMBZOBNFGPSUIF#MVFUPPUIEFWJDFUIFODMJDL/FYU
 $MJDL%POF
5PEFMFUFB#MVFUPPUIQBSUOFSTIJQ
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
 $MJDL#MVFUPPUIBOEUIFOPOUIFTDSFFOTFMFDUB#MVFUPPUIEFWJDF
 $MJDL.FOV%FMFUFBOEUIFODMJDL:FT JOUIFDPOñSNBUJPOTDSFFO
 $MJDL%POF
$POOFDUB#MVFUPPUIIBOETGSFFPSTUFSFPIFBETFU
'PSIBOETGSFFQIPOFDPOWFSTBUJPOTPSUPMJTUFOUPNVTJDZPVDBOVTFB
#MVFUPPUIIBOETGSFFPSTUFSFPIFBETFU
/PUF :PVOFFEB#MVFUPPUITUFSFPIFBETFUUPMJTUFOUPNVTJD
5PDPOOFDUB#MVFUPPUIIBOETGSFFPSTUFSFPIFBETFU
 .BLFTVSFUIBUCPUIZPVSQIPOFBOEUIF#MVFUPPUIIFBETFUBSF
UVSOFEPOBOEXJUIJODMPTFSBOHFBOEUIBUUIFIFBETFUJTWJTJCMF
3FGFSUPUIFNBOVGBDUVSFSTEPDVNFOUBUJPOUPñOEPVUIPXUPTFUUIF
IFBETFUJOWJTJCMFNPEF
 0OUIF)PNFTDSFFODMJDL4UBSU4FUUJOHT$POOFDUJPOT
#MVFUPPUI
$MJDL#MVFUPPUI"EEOFXEFWJDF:PVSQIPOFTFBSDIFTGPSPUIFS
#MVFUPPUIFOBCMFEEFWJDFTBOEEJTQMBZTUIFNJOUIFMJTU
(FUUJOH$POOFDUFE
 4FMFDUUIFOBNFPGUIFIFBETFUBOE
DMJDL/FYU
 *O1BTTDPEFFOUFSUIFBMQIBOVNFSJD
QBTTDPEFGPSUIF#MVFUPPUIIFBETFU
UIFODMJDL/FYU5IFQBTTDPEFJTVTVBMMZ
iu
 "NFTTBHFXJMMBQQFBSTBZJOHUIBUZPVS
QIPOFIBTDPOOFDUFEUPUIFIFBETFU
DMJDL0,
 &OUFSUIFEJTQMBZOBNFGPSUIFIFBETFU
BOEDMJDL/FYU
 4FMFDUUIFDIFDLCPYFTGPSUIF8JSFMFTT4UFSFPJGBWBJMBCMFBOE
)BOET'SFFTFSWJDFTBOEDMJDL%POF
/PUF *GUIF#MVFUPPUITUFSFPIFBETFUCFDPNFTEJTDPOOFDUFEUVSOUIFIFBETFUPO
BOESFQFBUTUFQTUPBCPWF4FMFDUUIFTUFSFPIFBETFUBOEDMJDL.FOV
4FUBT8JSFMFTT4UFSFP
(FUUJOH$POOFDUFE
#FBNJOGPSNBUJPOVTJOH#MVFUPPUI
:PVDBOCFBNJOGPSNBUJPOTVDIBTDPOUBDUTDBMFOEBSJUFNTBOEUBTLTBT
XFMMBTGJMFTGSPNZPVSQIPOFUPZPVSDPNQVUFSPSUPBOPUIFS#MVFUPPUI
FOBCMFEEFWJDF
/PUFTr *GZPVSDPNQVUFSEPFTOPUIBWFCVJMUJO#MVFUPPUIDBQBCJMJUJFTZPVOFFE
UPDPOOFDUBOEVTFB#MVFUPPUIBEBQUFSPSEPOHMFPOZPVSDPNQVUFS
r #FGPSFCFBNJOHJUFNTUPZPVSDPNQVUFSPQFO#MVFUPPUI$POGJHVSBUJPOPS
#MVFUPPUI4FUUJOHTJOUIF$POUSPM1BOFMBOEDIFDLJGUIFSFTBOPQUJPOGPS
TFUUJOHBMPDBUJPOGPSTBWJOHCFBNFEJUFNT
5PCFBNJOGPSNBUJPOGSPNZPVSQIPOFUPBDPNQVUFS
 4FU#MVFUPPUIPOZPVSQIPOFUPWJTJCMFNPEF'PSJOGPSNBUJPOBCPVU
UIJTTFFi5PNBLFZPVSQIPOFWJTJCMFu
 /FYUTFU#MVFUPPUIPOZPVSDPNQVUFSUPWJTJCMFNPEFDSFBUFB
#MVFUPPUIQBSUOFSTIJQUIFOFOBCMFZPVSDPNQVUFSUPSFDFJWF
#MVFUPPUICFBNT
*GZPVSDPNQVUFSIBT8JOEPXT7JTUBPS8JOEPXT9141BOEZPVS
DPNQVUFST#MVFUPPUIBEBQUFSJTTVQQPSUFECZZPVS8JOEPXTWFSTJPO
EPUIFGPMMPXJOHTUFQT
B 0OZPVSDPNQVUFSPQFO#MVFUPPUI%FWJDFTGSPNUIF$POUSPM
1BOFMUIFODMJDLUIF0QUJPOTUBC
C 'PS8JOEPXT7JTUBTFMFDU"MMPX#MVFUPPUIEFWJDFTUPGJOEUIJT
DPNQVUFSPS
'PS8JOEPXT91TFMFDU5VSOEJTDPWFSZPOBOE"MMPX#MVFUPPUI
EFWJDFTUPDPOOFDUUPUIJTDPNQVUFS
D $SFBUFB#MVFUPPUIQBSUOFSTIJQCFUXFFOZPVSQIPOFBOE
DPNQVUFS'PSJOGPSNBUJPOBCPVUDSFBUJOHBQBSUOFSTIJQTFF
i#MVFUPPUIQBSUOFSTIJQTu
E *OUIF0QUJPOTUBCPG#MVFUPPUI%FWJDFTTFMFDU4IPXUIF
#MVFUPPUIJDPOJOUIFOPUJñDBUJPOBSFB
F 5PFOBCMFZPVSDPNQVUFSUPSFDFJWF#MVFUPPUICFBNTSJHIUDMJDL
UIF#MVFUPPUIJDPOBUUIFCPUUPNSJHIUPGZPVSDPNQVUFSTDSFFO
BOETFMFDU3FDFJWFB'JMF
(FUUJOH$POOFDUFE
 /PXZPVBSFSFBEZUPCFBN0OZPVSQIPOFTFMFDUBOJUFNUPCFBN
5IFJUFNDBOCFBOBQQPJOUNFOUJOZPVSDBMFOEBSBUBTLBDPOUBDU
DBSEPSBGJMF
r $BMFOEBSBQQPJOUNFOU$MJDL.FOV#FBN"QQPJOUNFOU
r 5BTL$MJDL.FOV#FBN5BTL
r $POUBDU$MJDL.FOV4FOE$POUBDU#FBN
r 'JMF$MJDL.FOV#FBN
 4FMFDUUIFEFWJDFOBNFUPXIJDIZPVXBOUUPCFBNUP
 $MJDL#FBN
 *GZPVCFBNFEBDBMFOEBSUBTLPSDPOUBDUJUFNUPZPVSDPNQVUFS
BOEJUJTOPUBVUPNBUJDBMMZBEEFEUP0VUMPPLDMJDL'JMF*NQPSUBOE
&YQPSUUPJNQPSUJUUP.JDSPTPGU0VUMPPLPOZPVSDPNQVUFS
5PCFBNJOGPSNBUJPOUPB#MVFUPPUIFOBCMFEEFWJDFTVDIBTBOPUIFSQIPOF
DSFBUFB#MVFUPPUIQBSUOFSTIJQUIFOQFSGPSNTUFQTUPJOUIFBCPWF
QSPDFEVSF
/PUF /PUBMMGJMFUZQFTDBOCFTFOUWJB#MVFUPPUI
5JQ 5IFEFGBVMUGPMEFSPOZPVSDPNQVUFSXIFSFCFBNFEJUFNTBSFTUPSFENBZCF
8JOEPXT91$=%PDVNFOUTBOE4FUUJOHT=ZPVS@VTFSOBNF=.Z%PDVNFOUT
8JOEPXT7JTUB$=VTFST=ZPVS@VTFSOBNF=.Z%PDVNFOUT
#MVFUPPUI&YQMPSFSBOE#MVFUPPUIGJMFTIBSJOH
#MVFUPPUI&YQMPSFSTFBSDIFTGPSPUIFS#MVFUPPUIEFWJDFTUIBUIBWFGJMF
TIBSJOHFOBCMFEBOEMFUTZPVBDDFTTUIFJS#MVFUPPUITIBSFEGPMEFS:PVDBO
DPQZGJMFTGSPNBOEUPUIFJSTIBSFEGPMEFSBOEDSFBUFTVCGPMEFSTJOJU8IFO
ZPVFOBCMF#MVFUPPUIGJMFTIBSJOHPOZPVSEFWJDFPUIFS#MVFUPPUIFOBCMFE
EFWJDFTXJMMBMTPCFBCMFUPBDDFTTZPVS#MVFUPPUITIBSFEGPMEFS
5PFOBCMF#MVFUPPUI&YQMPSFSBOE#MVFUPPUIñMFTIBSJOHPOZPVSQIPOF
 $MJDL4UBSU4FUUJOHT$POOFDUJPOT#MVFUPPUI'51
 4FMFDUUIF&OBCMF#MVFUPPUI&YQMPSFSDIFDLCPY5IJTNBLFTUIF
#MVFUPPUIQIPOFGPMEFSWJTJCMFJO'JMF&YQMPSFS
 4FMFDUUIF&OBCMF'JMF4IBSJOHDIFDLCPY$MJDL#SPXTFUPDIBOHF
UIFGPMEFSUPTIBSF
(FUUJOH$POOFDUFE
5PVTF#MVFUPPUI&YQMPSFS
 #MVFUPPUI&YQMPSFSJTJOUFHSBUFEXJUIUIF'JMF&YQMPSFSQSPHSBN:PV
DBOPQFOJUCZDMJDLJOH4UBSU#MVFUPPUI&YQMPSFSPSCZDMJDLJOHUIF
#MVFUPPUIGPMEFSVOEFSUIF.Z%FWJDFGPMEFSJO'JMF&YQMPSFS
 #MVFUPPUI&YQMPSFSUIFOTDBOTGPSPUIFS#MVFUPPUIFOBCMFEEFWJDFT
'SPNUIFMJTUTFMFDUB#MVFUPPUIEFWJDFZPVXBOUUPDPOOFDUUP:PV
NBZOFFEUPFOUFSBQBTTDPEFJOPSEFSGPSZPVUPDPOOFDUUPUIF
EFWJDF
 *GUIFSFBSFñMFTDPOUBJOFEJOUIF#MVFUPPUITIBSFEGPMEFSPOUIFPUIFS
EFWJDFZPVXJMMCFBCMFUPTFFUIFNPOUIF#MVFUPPUI&YQMPSFSTDSFFO
 4FMFDUBñMFBOEDMJDL.FOV&EJUBOEDIPPTFUPDVUPSDPQZUIFñMFT
 $MJDL6QUXJDF
 /BWJHBUFUPUIFGPMEFSXIFSFZPVXBOUUPQBTUFUIFñMFTPOZPVS
EFWJDFUIFODMJDL.FOV&EJU1BTUF
6TFUIFQIPOFBTB#MVFUPPUINPEFN
:PVDBODPOOFDUZPVSQIPOFUPBOPUFCPPLPSEFTLUPQDPNQVUFSUISPVHI
#MVFUPPUIBOEVTFUIFQIPOFBTBNPEFNGPSUIFDPNQVUFS
'PSUIFDPNQVUFSUPVTFUIF*OUFSOFUDPOOFDUJPOPGZPVSQIPOFBDUJWBUF
*OUFSOFU4IBSJOHPOZPVSQIPOFUIFOTFUVQB#MVFUPPUI1FSTPOBM"SFB
/FUXPSL1"/CFUXFFOUIFDPNQVUFSBOEZPVSQIPOF
 0OZPVSQIPOFUVSOPO#MVFUPPUIBOETFUJUUPWJTJCMFNPEF
 *OJUJBUFB#MVFUPPUIQBSUOFSTIJQGSPNZPVSQIPOFCZGPMMPXJOHUIF
TUFQTJOi5PDSFBUFB#MVFUPPUIQBSUOFSTIJQi
 $MJDL4UBSU*OUFSOFU4IBSJOH
 4FMFDU#MVFUPPUI1"/BTUIF1$$POOFDUJPO
 'SPNUIF/FUXPSL$POOFDUJPOMJTUTFMFDUUIFOBNFPGUIF
DPOOFDUJPOUIBUZPVSQIPOFVTFTUPDPOOFDUUPUIF*OUFSOFU
 $MJDL$POOFDU
(FUUJOH$POOFDUFE
 0OZPVSDPNQVUFSTFUVQB#MVFUPPUI1FSTPOBM"SFB/FUXPSL1"/
XJUIZPVSQIPOF
r'PS8JOEPXT91
B $MJDL4UBSU$POUSPM1BOFM/FUXPSL$POOFDUJPOT
C 6OEFS1FSTPOBM"SFB/FUXPSLDMJDLUIF#MVFUPPUI/FUXPSL
$POOFDUJPOJDPO
D 6OEFS/FUXPSL5BTLTDMJDL7JFX#MVFUPPUIOFUXPSLEFWJDFT
E *OUIF#MVFUPPUI1FSTPOBM"SFB/FUXPSL%FWJDFTEJBMPHCPY
TFMFDUZPVSQIPOFUIFODMJDL$POOFDU
r'PS8JOEPXT7JTUB
B $MJDL4UBSU$POUSPM1BOFM/FUXPSLBOE4IBSJOH$FOUFS
C $MJDL.BOBHFOFUXPSLDPOOFDUJPOTBOEUIFOVOEFS1FSTPOBM
"SFB/FUXPSLEPVCMFDMJDL#MVFUPPUI/FUXPSL$POOFDUJPO
D *OUIF#MVFUPPUI1FSTPOBM"SFB/FUXPSL%FWJDFTEJBMPHCPY
TFMFDUZPVSQIPOFUIFODMJDL$POOFDU
 0OUIF*OUFSOFU4IBSJOHTDSFFOPOZPVSQIPOFDIFDLJGUIFDPOOFDUFE
TUBUVTJTEJTQMBZFEXIJDIJOEJDBUFTUIBUZPVSDPNQVUFSIBTCFFO
TVDDFTTGVMMZDPOOFDUFEUPUIF*OUFSOFUVTJOHZPVSQIPOFBTB
#MVFUPPUINPEFN
1SJOUGJMFTWJB#MVFUPPUI
$POOFDUZPVSEFWJDFUPB#MVFUPPUIQSJOUFSUPQSJOUDPOUBDUJOGPSNBUJPO
BQQPJOUNFOUEFUBJMTNFTTBHFTBOEPUIFSGJMFUZQFT
#FGPSFZPVTUBSUQSJOUJOHNBLFTVSFUPUVSOPOUIF#MVFUPPUIQSJOUFSBOE
UPUVSOPO#MVFUPPUIPOZPVSQIPOF5PUVSOPO#MVFUPPUITFMFDU4UBSU
$PNN.BOBHFSBOEUIFOTFMFDUUIF#MVFUPPUICVUUPO
/PUF :PVDBOQSJOUGJMFTJOUIFUYUKQHYIUNMWDGBOEWDTGJMFGPSNBUT
5PQSJOUDPOUBDUJOGPSNBUJPO
 $MJDL4UBSU$POUBDUTBOEUIFOTFMFDUUIFDPOUBDUXIPTFJOGPSNBUJPO
ZPVXBOUUPQSJOU
 $MJDL.FOV1SJOUWJB#MVFUPPUI
(FUUJOH$POOFDUFE
 $MJDL.FOV4FBSDI%FWJDFT:PVSQIPOFTUBSUTUPTFBSDIGPS
#MVFUPPUIEFWJDFT
 4FMFDUUIF#MVFUPPUIQSJOUFSBOEUIFODMJDL.FOV4FOE'JMF
 4FUUIFQSJOUJOHPQUJPOTZPVXBOUBOEUIFODMJDL1SJOU
5PQSJOUBDBMFOEBSBQQPJOUNFOU
 $MJDL4UBSU$BMFOEBSBOEUIFOTFMFDUUIFBQQPJOUNFOUXIPTF
EFUBJMTZPVXBOUUPQSJOU
 'PMMPXTUFQTUISPVHIJOUIFi5PQSJOUDPOUBDUJOGPSNBUJPOu
QSPDFEVSF
5PQSJOUBNFTTBHF
 $MJDL4UBSU.FTTBHJOHBOEUIFOTFMFDUUIFNFTTBHJOHBDDPVOU
XIFSFUIFNFTTBHFZPVXBOUUPQSJOUJTMPDBUFE
 4FMFDUUIFNFTTBHFZPVXBOUUPQSJOU
 'PMMPXTUFQTUISPVHIJOUIFi5PQSJOUDPOUBDUJOGPSNBUJPOu
QSPDFEVSF
5PQSJOUB+1&(ñMF
 *O1JDUVSFT7JEFPTTFMFDUUIF+1&(ñMFBOEUIFODMJDL.FOV1SJOU
WJB#MVFUPPUI
 'PMMPXTUFQTUISPVHIJOUIFi5PQSJOUDPOUBDUJOGPSNBUJPOu
QSPDFEVSF
(FUUJOH$POOFDUFE
8JOEPXT-JWF
8JOEPXT-JWFHJWFTZPVGVMM*OUFSOFUFYQFSJFODFPOZPVSQIPOF*UIFMQT
ZPVUPGJOEJOGPSNBUJPOQVSTVFZPVSJOUFSFTUTBOEHFUJOUPVDIXJUIGSJFOET
BOEGBNJMZPOUIF*OUFSOFUFBTJFS
8JOEPXT-JWFPGGFSTUIFGPMMPXJOHLFZGFBUVSFT
r -JWF4FBSDI#BSXIJDIMFUTZPVTFBSDIGPSJOGPSNBUJPOPOUIF8FC
r-JWF.FTTFOHFSUIFOFYUHFOFSBUJPOPG.4/.FTTFOHFS.PCJMF
r-JWF.BJMUIFOFYUHFOFSBUJPOPG)PUNBJM
r-JWF4FBSDIXIJDIMFUTZPVñOEMPDBUJPOTCSPXTFNBQTBOEDIFDL
GPSEJSFDUJPOT
r-JWF$POUBDUTBEESFTTCPPLGPSTUPSJOH-JWF.BJM-JWF.FTTBHJOH
BOE)PUNBJMDPOUBDUT
4FUVQ8JOEPXT-JWF
5IFGJSTUUJNFZPVVTF8JOEPXT-JWFTJHOJOCZVTJOHZPVS8JOEPXT-JWF*%
XIJDIJTZPVS8JOEPXT-JWF.BJMPS)PUNBJMBEESFTTBOEQBTTXPSE
5PTFUVQ8JOEPXT-JWFGPSUIFñSTUUJNF
 $MJDL4UBSU8JOEPXT-JWF
 $MJDL4JHOJOUP8JOEPXT-JWF
 0OUIFOFYUTDSFFODMJDLUIFMJOLTUPSFBEUIF8JOEPXT-JWF5FSN
PG6TFBOEUIF.JDSPTPGU1SJWBDZ4UBUFNFOU"GUFSSFWJFXJOHJUDMJDL
"DDFQU
 &OUFSZPVS8JOEPXT-JWF.BJMPS)PUNBJM
BEESFTTBOEQBTTXPSEUIFODMJDL/FYU
(FUUJOH$POOFDUFE
 $IPPTFXIFUIFSPSOPUUPTIPX8JOEPXT-JWFTTFBSDICBSBOE
BQQMJDBUJPOTPOUIF)PNFTDSFFOUIFODMJDL/FYU
 $IPPTFXIBUJOGPSNBUJPOZPVXBOUUP
TZODISPOJ[FPOMJOFXJUIZPVSQIPOF
*GZPVTFMFDU4UPSF8JOEPXT-JWFDPOUBDUT
JOZPVSNPCJMFQIPOFTDPOUBDUMJTU
ZPVSPOMJOFDPOUBDUTXJMMCFBEEFEUPUIF
DPOUBDUMJTUBOEUP8JOEPXT-JWF.FTTFOHFS
.PCJMFPOZPVSQIPOF
*GZPVTFMFDU4ZODFNBJMZPVS8JOEPXT
-JWF.BJMPS)PUNBJMJOCPYNFTTBHFTXJMMCF
EPXOMPBEFEUPZPVSQIPOF
 $MJDL/FYU
 "GUFSTZODISPOJ[BUJPOJTDPNQMFUFDMJDL%POF
5IF8JOEPXT-JWFJOUFSGBDF
0OUIFNBJOJOUFSGBDFPG8JOEPXT-JWFZPVXJMMTFFBTFBSDICBSOBWJHBUJPO
CBSBOEBOBSFBXIFSFZPVDBODVTUPNJ[FUPTIPXZPVSQJDUVSF
8JOEPXT-JWF4FBSDICBS
1SFTT/"7*("5*0/MFGUPSSJHIUUP
TXJUDIBNPOH-JWF.BJM.FTTFOHFS
BOE4ZODTUBUVT$MJDLUPPQFO
BDUJWBUFUIFTFMFDUFE8JOEPXT-JWF
DPNQPOFOU
$MJDLUPBDDFTT8JOEPXT-JWF
.FTTFOHFSTFUUJOHT
$MJDL.FOVUPBDDFTTBOEDIBOHF
TFUUJOHT
(FUUJOH$POOFDUFE
*GZPVDIPTFUPEJTQMBZUIFTFBSDICBSBOE8JOEPXT-JWFBQQMJDBUJPOTPOUIF
)PNFTDSFFOXIFOZPVXFSFTFUUJOHVQ8JOEPXT-JWFZPVXJMMTFFUIFNPO
UIF)PNFTDSFFO
4FBSDICBSBOE
8JOEPXT-JWFBQQMJDBUJPOT
5PTIPXPSIJEFUIFNPQFO8JOEPXT-JWFBOEDMJDL.FOV0QUJPOT
)PNFTDSFFOPQUJPOT
8JOEPXT-JWF.FTTFOHFS
-JWF.FTTFOHFSMFUTZPVTFOEBOESFDFJWFJOTUBOUNFTTBHFTPOMJOF8JUI
UIJTNPCJMFWFSTJPOPG8JOEPXT-JWF.FTTFOHFSZPVFOKPZNBOZPGUIF
TBNFDPPMGFBUVSFTUIBUZPVHFUGSPNUIFEFTLUPQWFSTJPOXIJDIJODMVEFUIF
GPMMPXJOH
r *OTUBOUNFTTBHJOHWJBUFYUBOEWPJDF
r .VMUJQMFDPOWFSTBUJPOT
r "EEFNPUJDPOT
r $POUBDUMJTUXJUIQSFTFODF
r 4FOEBOESFDFJWFñMFTJODMVEJOHQIPUPT
r $IBOHFTUBUVTEJTQMBZOBNF
r 7JFXDPOUBDUTCZPOMJOFTUBUVTHSPVQTBOENPSF
r 4FOENFTTBHFTFWFOXIFOBDPOUBDUJTPðJOF
/PUF #FGPSFZPVDBOVTF-JWF.FTTFOHFSZPVSQIPOFNVTUCFDPOOFDUFEUPUIF
*OUFSOFU'PSJOGPSNBUJPOBCPVUTFUUJOHVQBO*OUFSOFUDPOOFDUJPOTFFi8BZT
PG$POOFDUJOHUPUIF*OUFSOFUuJOUIJTDIBQUFS
(FUUJOH$POOFDUFE
-BVODIUIFNFTTFOHFSBOETJHOJO
5PPQFO-JWF.FTTFOHFS
%PPOFPGUIFGPMMPXJOH
r 0OUIF)PNFTDSFFODMJDL4UBSU.FTTFOHFS
r 0O8JOEPXT-JWFPGUIF)PNFTDSFFOQSFTT/"7*("5*0/MFGUPSSJHIU
VOUJMZPVTFF.FTTFOHFSUIFOQSFTT$&/5&30,
5PTJHOJOBOEPVU
 5PTJHOJODMJDL4JHOJOPOUIFNFTTFOHFSTDSFFO
 *GUIJTJTZPVSñSTUUJNFUPTJHOJOBNFTTBHFBQQFBSTUPJOGPSNZPV
UIBUZPVSNFTTFOHFSDPOUBDUTXJMMCFBEEFEUPUIFDPOUBDUMJTUPOZPVS
QIPOF$MJDL0,UPBEEUIFN
4JHOJOHJONBZUBLFTFWFSBMNJOVUFTEFQFOEJOHPOZPVSDPOOFDUJPO
TQFFE
 5PTJHOPVUDMJDL.FOV4JHO0VU:PVSTUBUVTDIBOHFTUP0ðJOF
"EE8JOEPXT-JWFDPOUBDUT
:PVDBOBEEOFX8JOEPXT-JWFDPOUBDUTJO-JWF.FTTFOHFSPSJO$POUBDUT
5PBEEB8JOEPXT-JWFDPOUBDUJO-JWF.FTTFOHFS
 $MJDL.FOV"EEOFXDPOUBDU
 &OUFSUIFFNBJMBEESFTTPGUIFDPOUBDUUIFODMJDL0,
5PBEEB8JOEPXT-JWFDPOUBDUJO$POUBDUT
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 $MJDL/FXUIFODMJDL8JOEPXT-JWF
 *OUIF*.CPYFOUFSUIFFNBJMBEESFTTPGUIFDPOUBDUXIJDIDBOCFB
8JOEPXT-JWF*%PSBOZPUIFSFNBJMBEESFTT
 $MJDL%POF
 'PMMPXUIFSFNBJOJOHJOTUSVDUJPOTUPBEEUIFOFXDPOUBDUUPZPVS
8JOEPXT-JWFDPOUBDUMJTU
5JQ :PVDBOGJMMJOPUIFSJOGPSNBUJPOBCPVUUIFDPOUBDUJGEFTJSFE5IJTJTOPU
BCTPMVUFMZOFDFTTBSZJGZPVJOUFOEUPDPNNVOJDBUFXJUIUIFDPOUBDUPOMZ
UISPVHI8JOEPXT-JWF.FTTFOHFSPS-JWF.BJM
(FUUJOH$POOFDUFE
5PEFMFUFBDPOUBDU
 *OUIFNFTTFOHFSTFMFDUUIFDPOUBDUBOEDMJDL.FOV$POUBDU
PQUJPOT3FNPWFDPOUBDU
 $IPPTFXIFUIFSUPCMPDLUIFDPOUBDU
 $IPPTFXIFUIFSUPEFMFUFUIFDPOUBDUGSPNZPVSQIPOFTDPOUBDUMJTU
 $MJDL0,
4FOEJOTUBOUNFTTBHFT
:PVDBOTFOEJOTUBOUNFTTBHFTXJUIFNPUJDPOTBOEFWFOUBMLCZTFOEJOH
BWPJDFDMJQ8IJMFDIBUUJOHZPVDBOTFOEBOESFDFJWFGJMFTEJSFDUMZPOB
NFTTBHFXJOEPX:PVDBOBMTPTUBSUDPOWFSTBUJPOTXJUITFWFSBMDPOUBDUT
BOETXJUDICFUXFFOUIFJSNFTTBHFTDSFFOTPSZPVDBOJOWJUFQBSUJDJQBOUTUP
KPJOJOBDPOWFSTBUJPO
5PTUBSUBOEFOEDPOWFSTBUJPOT
 *OUIFDPOUBDUMJTUTFMFDUBDPOUBDUUIFO
DMJDL4FOE*.UPPQFOBNFTTBHFTDSFFO
 4FOEBOJOTUBOUNFTTBHF4FFi5PTFOEBO
JOTUBOUNFTTBHFXJUIFNPUJDPOuGPSEFUBJMT
 5PTUBSUBDPOWFSTBUJPOXJUIBOPUIFS
DPOUBDUQSFTT/"7*("5*0/MFGUPSSJHIU
UPHPCBDLUPUIFDPOUBDUMJTUUIFOTFMFDU
BOPUIFSDPOUBDUBOEDMJDL4FOE*.BHBJO
"OPUIFSNFTTBHFTDSFFOPQFOT
 5PTXJUDIGSPNPOFNFTTBHFTDSFFOUP
BOPUIFSQSFTT/"7*("5*0/MFGUPSSJHIUUP
UIFEJTQMBZQJDUVSFPGUIFDPOUBDUXIPN
ZPVXBOUUPUBMLUP
1JDUVSFTPGDPOUBDUTXJUI
XIPNZPVSFUBMLJOHUP
 5PFOEBDPOWFSTBUJPOXJUIUIFDVSSFOUDPOUBDUDMJDL.FOV&OE
DPOWFSTBUJPO
 5PFOEBMMBDUJWFDPOWFSTBUJPOTDMJDL.FOV&OEBMMDPOWFSTBUJPOT
(FUUJOH$POOFDUFE
5PTFOEBOJOTUBOUNFTTBHFXJUIFNPUJDPO
 4FMFDUBDPOUBDUBOETUBSUBDPOWFSTBUJPO
 &OUFSZPVSUFYUNFTTBHFJOUIFUFYUFOUSZBSFBPGUIFNFTTBHFTDSFFO
 5PBEEBOFNPUJDPODMJDL.FOV"EEFNPUJDPOUIFOTFMFDUBOJDPO
GSPNUIFMJTUPGFNPUJDPOT
$MJDL4FOE
5JQTr 5PTFOEBGJMFDMJDL.FOV4FOE:PVDBODIPPTFUPTFOEBQJDUVSFWPJDF
DMJQPSBOZGJMF
r 5PJOWJUFPOFPSNPSFDPOUBDUTUPUIFDPOWFSTBUJPODMJDL.FOV0QUJPOT
"EEQBSUJDJQBOU
5PTFOEBWPJDFNFTTBHF
 4FMFDUBDPOUBDUBOETUBSUBDPOWFSTBUJPO
 $MJDL7PJDFDMJQUIFOTUBSUUBMLJOH
 "GUFSZPVIBWFTQPLFOBNFTTBHFDMJDL4FOE
1FSTPOBMJ[FUIFNFTTFOHFS
8IJMFPOUIFDPOUBDUTMJTUZPVDBOEPUIFGPMMPXJOH
r $MJDL.FOV$IBOHFTUBUVTUPTFUZPVSDVSSFOUTUBUVTTVDIBT
#VTZ0VUUPMVODIFUDTPUIBUZPVSDPOUBDUTLOPXXIFUIFSZPVBSF
BWBJMBCMFPSOPU
r $MJDL.FOV$IBOHFBQQFBSBODFUPDIBOHFZPVSEJTQMBZOBNFBEE
BQFSTPOBMNFTTBHFBOEBEEZPVSQJDUVSF
r $MJDL.FOV4PSUCZUPPSHBOJ[FDPOUBDUTCZPOMJOFTUBUVTHSPVQT
OBNFPSFNBJMBEESFTT:PVDBOBMTPIJEFPðJOFDPOUBDUTGSPNUIF
DPOUBDUMJTU
r $MJDL0QUJPOTUPTFFNPSFTFUUJOHT
(FUUJOH$POOFDUFE
$IBQUFS
&YQFSJFODJOH.VMUJNFEJB
$BNFSB
1JDUVSFT7JEFPT
8JOEPXT.FEJB1MBZFS.PCJMF
4USFBNJOH.FEJB
"VEJP.BOBHFS
.15SJNNFS
6TJOH"VEJP#PPTUFS
'MBTI-JUF1MBZFS
+BWB
&YQFSJFODJOH.VMUJNFEJB
$BNFSB
5BLJOHQIPUPTBOETIPPUJOHWJEFPDMJQTBSFFBTZXJUIZPVSQIPOFTCVJMUJO
DBNFSB
:PVSQIPOFIBTUXPCVJMUJODBNFSBT
r.BJODBNFSB"SFBSNFHBQJYFMDBNFSBGPSDBQUVSJOHIJHI
SFTPMVUJPOQJDUVSFTBOEWJEFPDMJQTXJUIBVEJP
r4FDPOEDBNFSB"GSPOUDBNFSBGPSWJEFPDBMMTBOETFMGQPSUSBJU
TIPPUJOH
5PPQFO$BNFSB
%PBOZPGUIFGPMMPXJOH
r 1SFTTUIF$".&3"CVUUPOPOUIFSJHIUTJEFPGUIFQIPOF
r 0OUIF)PNFTDSFFODMJDL4UBSU$BNFSBPS7JEFP3FDPSEFS
5PFYJU$BNFSB
r 1SFTT&/% 
/PUF 1SFTTJOH&/% TJNQMZNJOJNJ[FTUIF$BNFSBQSPHSBNJUJTTUJMMSVOOJOH
JOUIFCBDLHSPVOE5PDMPTFUIF$BNFSBQSPHSBNHPUP5BTL.BOBHFS
*OTUBMMUIFTUPSBHFDBSE
*GZPVIBWFBNJDSP4%DBSEJOTFSUFEPSJGZPVJOTFSUBNJDSP4%DBSEXIJMF
ZPVBSFVTJOHUIFDBNFSBZPVXJMMCFQSPNQUFEUPDIPPTFXIFUIFSUPTBWF
ZPVSQJDUVSFTPOUIFNJDSP4%DBSEPSUIFQIPOF4FMFDUUIFMPDBUJPOGPS
TUPSJOHQJDUVSFTBOEWJEFPTUBLFOXJUIUIFDBNFSBBOEDMJDL0,4FMFDUUIF
%POUTIPXBHBJODIFDLCPYUPQSFWFOUUIJTNFTTBHFGSPNBQQFBSJOHUIF
OFYUUJNFZPVJOTFSUBTUPSBHFDBSE
5BLFBQIPUPPSDBQUVSFBWJEFPDMJQ
"JNUIFDBNFSBBUUIFTVCKFDUBOEUIFOQSFTT$&/5&30,UPUBLFUIFTIPU
8IFODBQUVSJOHWJEFPQSFTT$&/5&30,UPTUBSUSFDPSEJOHQSFTTJUBHBJOUP
TUPQ
&YQFSJFODJOH.VMUJNFEJB
$BQUVSFNPEFT
5PDIBOHFUIFDBQUVSFNPEF
r 0OUIF$BNFSBTDSFFOQSFTT/"7*("5*0/SJHIUPSMFGUUPDIBOHFUIF
DBQUVSFNPEF
5IF$BNFSBQSPHSBNMFUTZPVDBQUVSFQJDUVSFTBOEWJEFPDMJQTCZVTJOH
WBSJPVTCVJMUJONPEFT5IFUJUMFCBSEJTQMBZTUIFBDUJWFDBQUVSFNPEF
5IFBWBJMBCMFDBQUVSFNPEFTBSFBTGPMMPXT
*DPO $BQUVSFNPEF 'VODUJPO
1IPUP $BQUVSFTTUBOEBSETUJMMJNBHFT
7JEFP $BQUVSFTWJEFPDMJQTXJUIPSXJUIPVUBVEJP
..47JEFP $BQUVSFTWJEFPDMJQTTVJUBCMFGPSTFOEJOHWJB..4
$POUBDUT1JDUVSF $BQUVSFTBTUJMMJNBHFTVJUBCMFGPSBTTJHOJOHBTBO
JEFOUJGJDBUJPOQIPUPUPBDPOUBDU
1JDUVSF5IFNF $BQUVSFTTUJMMJNBHFTBOEQMBDFTUIFNXJUIJOGSBNFT
1BOPSBNB
$BQUVSFTBTFRVFODFPGTUJMMJNBHFTDPOUJOVPVTMZJOPOF
EJSFDUJPOBOETUJUDIFTUIFJNBHFTUPHFUIFSUPDSFBUFB
QBOPSBNJDWJFXPGBTDFOFSZ
4QPSUT
$BQUVSFTBTFRVFODFPGTUJMMJNBHFTPSGSBNFT
BVUPNBUJDBMMZGPSBTIPSUEVSBUJPOBUBEFGJOFE
GSFRVFODZ
6TJOHUIFBCPWFDBQUVSFNPEFTUIFDBNFSBDBQUVSFTGJMFTJOUIFGPMMPXJOH
GPSNBUT
$BQUVSFUZQF 'PSNBU
4UJMM*NBHF +1&(
7JEFP..47JEFP .1&(NQ
)CBTFMJOFHQ
&YQFSJFODJOH.VMUJNFEJB
$BNFSBNPEFJDPOTBOEJOEJDBUPST
/PUF 5IFDBNFSBJDPOTBOEJOEJDBUPSTEJTBQQFBSBGUFSBGFXTFDPOETJGUIFSFJT
OPVTFSJOUFSBDUJPO1SFTTUIF/"7*("5*0/$0/530-hTEJSFDUJPOLFZTUIF
,FZQBEhTLFZTPSUIFMFGUSJHIU40'5,&:TUPSFEJTQMBZUIFJDPOTJOEJDBUPST
5IF$BNFSB<1IPUP>TDSFFO
 *OEJDBUFTUIFDVSSFOUDBQUVSFNPEF
 %FQFOEJOHPOUIFDBQUVSFNPEFUIJT
TIPXTUIFSFNBJOJOHBWBJMBCMFTIPUTPG
QJDUVSFTUIBUZPVDBOUBLFPSSFNBJOJOH
EVSBUJPOUIBUDBOCFSFDPSEFE8IJMF
SFDPSEJOHWJEFPUIJTTIPXTUIFSFDPSEFE
EVSBUJPO
 *OEJDBUFTUIFDVSSFOU[PPNSBUJP6TF
/"7*("5*0/VQPSEPXOUPJODSFBTFPS
EFDSFBTFUIF[PPNMFWFM
 $MJDLUPPQFOUIF$BNFSBTFUUJOHTNFOV
 $MJDLUPWJFXUIFQJDUVSFPSWJEFPJO
1JDUVSFT7JEFPT
5IF$BNFSB<7JEFP>TDSFFO
 5IF3FDPSEJOH4UBUVTJOEJDBUPS
CMJOLTXIJMFWJEFPSFDPSEJOHJTJO
QSPHSFTT
&YQFSJFODJOH.VMUJNFEJB
5IF$BNFSB<1JDUVSF5IFNF>TDSFFO
 %JTQMBZTUIFDVSSFOUBOEUPUBMOVNCFS
PGQIPUPTUIBUDBOCFUBLFOVTJOHUIF
TFMFDUFEUFNQMBUF
6TF[PPNJOH
#FGPSFDBQUVSJOHBTUJMMJNBHFPSBWJEFPDMJQZPVDBOGJSTU[PPNJOUPNBLF
UIFPCKFDUJOGPDVTNPWFDMPTFSBOEZPVDBO[PPNPVUUPNBLFUIFPCKFDU
NPWFGBSUIFSBXBZ*OBMMDBQUVSFNPEFTQSFTT/"7*("5*0/VQPOZPVS
QIPOFUP[PPNJO/"7*("5*0/EPXOUP[PPNPVU
5IFDBNFSB[PPNSBOHFGPSBQJDUVSFPSWJEFPEFQFOETPOUIFDBQUVSF
NPEFBOEDBQUVSFTJ[F"MTPQMFBTFOPUFUIFDBQUVSFTJ[FTBWBJMBCMFGPS
DFSUBJODBQUVSFGPSNBUTBMTPWBSZGSPNPOFDBQUVSFNPEFUPBOPUIFS
5IF3FWJFXTDSFFO
"GUFSDBQUVSJOHBQIPUPPSWJEFPZPVXJMMCFQSFTFOUFEXJUIPQUJPOTUIBU
ZPVDBOEPXJUIUIFDBQUVSFENFEJBGJMF
*DPO 'VODUJPO
$MJDLUPHPCBDLUP$BNFSBTDSFFO
$MJDLUPEFMFUFUIFDBQUVSFEJNBHFPSWJEFPDMJQ
$MJDLUPTFOEUIFDBQUVSFEJNBHFPSWJEFPDMJQUPTPNFPOFWJBFNBJMPS
..4
&YQFSJFODJOH.VMUJNFEJB
*DPO 'VODUJPO
$MJDLUPTXJUDIUP1JDUVSFT7JEFPTUPTIPXUIFTUJMMJNBHFPSTXJUDIUP
8JOEPXT.FEJB1MBZFSUPQMBZCBDLUIFWJEFPDMJQ
'PS$POUBDUT1JDUVSFNPEFPOMZ$MJDLUPBTTPDJBUFUIFQIPUPUPBTFMFDUFE
DPOUBDU
/PUF "GUFSZPVIBWFUBLFOQIPUPTJO4QPSUTNPEFUIFUPUBMOVNCFSPG
DPOTFDVUJWFTIPUTJTTIPXOBUUIFMPXFSSJHIUDPSOFSPGUIF3FWJFXTDSFFO
1SFTT/"7*("5*0/VQPSEPXOUPCSPXTFUISPVHIUIFTFRVFODFPGQIPUPT
$VTUPNJ[F$BNFSBTFUUJOHT
2VJDL4FUUJOHT.FOV
$MJDL POUIF$BNFSBTDSFFOUPPQFOUIF2VJDL4FUUJOHT.FOVXIFSF
ZPVDBOBDUJWBUFTFMGUJNFSDIBOHFUIFBNCJFODFDVTUPNJ[FDBQUVSF
TFUUJOHTBOENPSF
6TFUIF/"7*("5*0/$0/530-UPHPUISPVHIUIFBWBJMBCMFTFUUJOHT
5IFGPMMPXJOHQSPWJEFTBMJTUPGUIFHFOFSBMPQUJPOTJOUIFNFOV
r4FMGUJNFS4FMFDUUIF4FMGUJNFSPQUJPOGPSDBQUVSJOHJNBHFT0í
TFDPOETPSTFDPOET4FMFDUJOHTFDPOETPSTFDPOETEFMBZT
UIFDBQUVSJOHCZUIFTQFDJñFEUJNFBGUFSZPVQSFTT$&/5&30,
r#SJHIUOFTT"EKVTUUIFCSJHIUOFTTGSPNUPJODSFNFOUTPG
r$BNFSB$IPPTFXIFUIFSUPVTFUIF.BJODBNFSBPSUIF4FDPOE
DBNFSBXIFOUBLJOHQJDUVSFTPSTIPPUJOHWJEFPT5IFSFBSFUISFF
NPEFTZPVDBODIPPTFGSPN
.BJO$BNFSBNFHBQJYFMDBNFSBBUUIFCBDLQBOFMPGUIF
QIPOFJTVTFEGPSUBLJOHTUBOEBSEQJDUVSFTBOEWJEFPT
4FDPOE$BNFSB$BNFSBBUUIFVQQFSSJHIUDPSOFSPGUIFGSPOU
QBOFMPGUIFQIPOFVTFEGPSTIPPUJOHTFMGQPSUSBJUQJDUVSFTBOE
WJEFPT
.BJO$BNFSB'MJQ6TFEGPSUBLJOHTFMGQPSUSBJUQJDUVSFTBOE
WJEFPTXJUIPVUNJSSPSJOH*GUIFSFJTUFYUPOZPVSTFMGQPSUSBJUTIPUGPS
FYBNQMFJGZPVSFXFBSJOHBTIJSUXJUIUFYUUIFUFYUBQQFBSTJOWFSUFE
POUIFDBQUVSFEJNBHFWJEFPJO4FDPOE$BNFSBNPEF6TF4FDPOE
$BNFSB'MJQNPEFUPJOWFSUZPVSTFMGQPSUSBJUTPUIBUUIFUFYUJT
SFBEBCMFPOUIFDBQUVSFEJNBHFWJEFP
&YQFSJFODJOH.VMUJNFEJB
r3FTPMVUJPO$IPPTFUIFSFTPMVUJPOUPVTF5IFSFTPMVUJPOPQUJPOT
EFQFOEVQPOXIJDIDBNFSBNPEFZPVBSFVTJOH
r8IJUF#BMBODF4QFDJGZUIFXIJUFCBMBODFTFUUJOHTVDIBT"VUP 
%BZMJHIU /JHIU *ODBOEFTDFOU BOE'MVPSFTDFOU 
UPTVJUUIFMJHIUJOHFOWJSPONFOU
r5FNQMBUF1JDUVSF5IFNFNPEFPOMZ"MMPXTZPVUPUPHHMFCFUXFFO
POFPGñWFUFNQMBUFTUPVTFGPS1JDUVSF5IFNFNPEF
r4FUUJOHT"DDFTTNPSFBEWBODFETFUUJOHTUIBUMFUTZPVDVTUPNJ[F
UIF$BNFSBPS7JEFP3FDPSEFSGVODUJPOT:PVDBODVTUPNJ[FTFUUJOHT
TVDIBTUIFDBQUVSFGPSNBUDBNFSBTIVUUFSTPVOEóJDLFSBEKVTUNFOU
SFDPSEJOHMJNJUBOENPSF3FGFSUPUIFOFYUUXPTFDUJPOTGPSEFUBJMT
$BQUVSF4FUUJOHT
0OUIF2VJDL4FUUJOHT.FOVTDSFFODMJDL BOETFMFDUUIF$BQUVSF
4FUUJOHTUBC5IFGPMMPXJOHEFTDSJCFTFBDIPQUJPO
0QUJPO "MMPXTZPVUP
&GGFDU $IPPTFBTQFDJBMFGGFDUTVDIBT(SBZTDBMF4FQJB$PPMPS/FHBUJWF
UPBQQMZUPZPVSQIPUPTPSWJEFPDMJQT
/PUF8IJUF#BMBODFDBOOPUCFBQQMJFEJGBO&GGFDUIBTBMSFBEZ
CFFOBQQMJFE
2VBMJUZ
4FMFDUUIF+1&(JNBHFRVBMJUZMFWFMGPSBMMDBQUVSFETUJMMJNBHFT:PV
DBODIPPTFGSPN#BTJD/PSNBM'JOFBOE4VQFS'JOF5IJTPQUJPOJT
BWBJMBCMFJOBMMNPEFTFYDFQU7JEFPBOE..47JEFP
.FUFSJOH.PEF 4FMFDUBNFUFSJOHNPEFUPBMMPXUIFDBNFSBUPNFBTVSFUIF
BNPVOUPGMJHIUJOUIFDFOUFSBOEBSPVOEUIFJNBHFBOEDBMDVMBUF
UIFCFTUGJUFYQPTVSFWBMVFCFGPSFDBQUVSJOH$IPPTFFJUIFS
$FOUFS"SFBUPNFBTVSFMJHIUVTJOHUIFDFOUFSBSFBPGUIFJNBHF
PS"WFSBHFUPNFBTVSFMJHIUVTJOHUIFBSFBBMMBSPVOEUIFJNBHF
5JNF4UBNQ 1IPUPBOE4QPSUTNPEFTPOMZ$IPPTFXIFUIFSPSOPUUPJODMVEF
UIFTIPPUJOHEBUFBOEUJNFPODBQUVSFEQIPUPT
4UPSBHF 4FMFDUXIFSFZPVXBOUUPTBWFZPVSGJMFT:PVDBOFJUIFSTBWFUIF
GJMFTUPUIFNBJONFNPSZPSUPBTUPSBHFDBSE
$BQUVSF4QFFE 4QPSUTNPEFPOMZ5IJTEFUFSNJOFTUIFJOUFSWBMCFUXFFOTIPUT
'BTUDBQUVSFTDPOTFDVUJWFTIPUTBUUIFTIPSUFTUJOUFSWBM
&YQFSJFODJOH.VMUJNFEJB
0QUJPO "MMPXTZPVUP
4OBQTIPUT 4QPSUTNPEFPOMZ4FMFDUUIFOVNCFSPGDPOTFDVUJWFTIPUTUP
DBQUVSF
5FNQMBUF 1JDUVSF5IFNFNPEFPOMZ&OBCMFTZPVUPTFMFDUPOFPGGJWF
5FNQMBUFT
%JSFDUJPO 1BOPSBNBNPEFPOMZ$IPPTFJOXIBUEJSFDUJPOJNBHFTXJMMCF
TUJUDIFEJOBQBOPSBNB
4UJUDI$PVOU 1BOPSBNBNPEFPOMZ4FMFDUUIFEFTJSFEOVNCFSPGTOBQTIPUTUP
CFUBLFOBOETUJUDIFEJOUPBQBOPSBNB
"EWBODFETFUUJOHT
0OUIF2VJDL4FUUJOHT.FOVTDSFFODMJDL BOETFMFDUUIF"EWBODFEUBC
5IFGPMMPXJOHEFTDSJCFTFBDIPQUJPO
0QUJPO "MMPXTZPVUP
$BQUVSF
'PSNBU
4FMFDUUIFEFTJSFEGJMFGPSNBU+1&(TUJMMQJDUVSFPS.1&()5
WJEFP
4IVUUFS4PVOE
$IPPTFXIFUIFSPSOPUZPVXBOUUIFDBNFSBUPNBLFBTIVUUFSTPVOE
XIFOZPVUBLFQIPUPTPSSFDPSEWJEFPDMJQT
,FFQ#BDLMJHIU $IPPTFXIFUIFSUPUVSOUIFCBDLMJHIUPOPSPGGXIJMFVTJOHUIF
DBNFSB5IJTPWFSSJEFTZPVSQIPOFCBDLMJHIUTFUUJOHTXIJMFZPV
BSFVTJOHUIFDBNFSB
3FWJFX
%VSBUJPO
4FUBUJNFMFOHUIGPSEJTQMBZJOHUIFDBQUVSFEJNBHFPSWJEFPPO
UIF3FWJFXTDSFFOCFGPSFBVUPNBUJDBMMZTBWJOHJUBOESFUVSOJOH
UPUIFMJWF$BNFSBTDSFFO4FMFDU/P-JNJUUPBMMPXUIFQJDUVSF
UPCFEJTQMBZFEVOUJMZPVDIPPTFUPUBLFBOPUIFSBDUJPO4FMFDU
/P3FWJFXUPJNNFEJBUFMZSFUVSOUPUIFMJWF$BNFSBTDSFFOBGUFS
DBQUVSJOH
3FDPSEXJUI
"VEJP
4FMFDU0OUPSFDPSEBVEJPXIJMFDBQUVSJOHWJEFPDMJQT5IJTJT
TFMFDUFE0OCZEFGBVMU*GZPVTFMFDU0GGBOEUIFODBQUVSFBWJEFP
DMJQJUXJMMIBWFOPBVEJP
'MJDLFS
"EKVTUNFOU
8IFOUBLJOHJOEPPSTIPUTGMJDLFSPOUIFDBNFSBTDSFFONBZCF
DBVTFECZJOUFSGFSFODFGSPNGMVPSFTDFOUMJHIUJOH5PSFEVDFGMJDLFS
DIBOHFUIFGMJDLFSBEKVTUNFOUTFUUJOHUP"VUPPSUPUIFQSPQFS
GSFRVFODZ)[PS)[PGUIFDPVOUSZXIFSFZPVSQIPOFJT
CFJOHVTFE
&YQFSJFODJOH.VMUJNFEJB
0QUJPO "MMPXTZPVUP
1SFGJY &OBCMFTZPVUPTFUBQSFGJYUPJNBHFPSWJEFPGJMFOBNFT
8IFO%FGBVMUJTTFMFDUFEBTUIFQSFGJYUIFGJMFOBNFPGFBDIOFX
DBQUVSFEGJMFJTTFUUPi*."(&uPSi7*%&0uGPMMPXFECZBTFRVFOUJBM
OVNCFSGPSFYBNQMF*."(&@KQH:PVNBZBMTPDIPPTFUP
QSFGJYGJMFOBNFTVTJOHFJUIFSUIFDVSSFOU%BUFPS%BUF5JNF
/PUF*GZPVTFUUIF$BNFSBUPTBWFDBQUVSFEQIPUPTUPBTUPSBHF
DBSEUIFQSFGJYDBOOPUCFTFMFDUFE$BQUVSFEQIPUPTXJMMCF
OBNFEVTJOHUIF%$*.%JHJUBM$BNFSB*NBHFTOBNJOHTUBOEBSE
$PVOUFS 4FMFDU3FTFUUPSFTFUUIFOBNJOHDPVOUFSUP
5FNQMBUF
'PMEFS
1JDUVSF5IFNFNPEFPOMZ#ZEFGBVMUUFNQMBUFTBSFTUPSFEJOUIF
=.Z%PDVNFOUT=5FNQMBUFTGPMEFSPOUIFQIPOFTNBJONFNPSZ
*GZPVUSBOTGFSSFETPNFUFNQMBUFTUPBTUPSBHFDBSEVTJOH'JMF
&YQMPSFSTFUUIJTPQUJPOUP.BJO$BSEUPTQFDJGZUIBUUFNQMBUFT
BSFMPDBUFEJOCPUIUIFNBJONFNPSZBOEUIFTUPSBHFDBSE
4IPX
3FNJOEFS
$POUBDUT1JDUVSFNPEFPOMZ4FMFDU0OUPCFQSPNQUFEUPTFUUIF
QJDUVSFUPBDPOUBDUBGUFSUBLJOHBDPOUBDUQJDUVSF4FMFDU0GGUP
EJTBCMFUIFQSPNQU
3FDPSEJOH
-JNJU
4QFDJGZUIFNBYJNVNUJNFPSGJMFTJ[FGPSSFDPSEJOHWJEFPDMJQT
*NBHF
1SPQFSUJFT
5IJTPQUJPOBMMPXTZPVUPBEKVTUUIFDBNFSBEJTQMBZQSPQFSUJFT
TVDIBT$POUSBTU4BUVSBUJPO)VFBOE4IBSQOFTT"EKVTUFBDI
JUFNXJUIUIF/"7*("5*0/SJHIUBOEMFGUCVUUPOT4XJUDICFUXFFO
JUFNTXJUIUIF/"7*("5*0/VQBOEEPXOCVUUPOT$MJDL0,XIFO
ZPVBSFGJOJTIFE
"CPVU %JTQMBZTUIF$BNFSBTGJSNXBSFJOGPSNBUJPO
&YQFSJFODJOH.VMUJNFEJB
1JDUVSFT7JEFPT
5IF1JDUVSFT7JEFPTQSPHSBNBMMPXTZPVUPWJFXBOENBOBHFNFEJBGJMFT
POZPVSQIPOF
5PDPQZBQJDUVSFPSWJEFPDMJQUPZPVSQIPOF
:PVDBODPQZQJDUVSFTBOEWJEFPGJMFTGSPNZPVS1$UPUIF.Z1JDUVSFTGPMEFS
POZPVSQIPOFBOEUIFOWJFXUIFNPOZPVSQIPOF
'PSNPSFJOGPSNBUJPOBCPVUDPQZJOHGJMFTGSPNZPVS1$UPZPVSQIPOFTFF
8JOEPXT.PCJMF%FWJDF$FOUFSPS"DUJWF4ZOD)FMQPOZPVS1$
/PUF :PVDBOBMTPDPQZQJDUVSFTBOEWJEFPGJMFTGSPNZPVS1$UPZPVSQIPOFVTJOH
BNFNPSZDBSE*OTFSUUIFNFNPSZDBSEJOUPUIFNFNPSZDBSETMPUPOZPVS
QIPOFBOEUIFODPQZUIFNGSPNZPVS1$UPUIFGPMEFSZPVDSFBUFEPOUIF
NFNPSZDBSE
5PWJFXNFEJBñMFT
 0OUIF)PNFTDSFFODMJDL4UBSU1JDUVSFT7JEFPT
 4FMFDUBNFEJBñMFBOEDMJDL7JFXPS1MBZJGWJEFPñMFUPWJFXPSQMBZ
CBDLUIFñMF
5IJTJDPO JOEJDBUFTUIBU
UIFGJMFJTB(*'BOJNBUJPO
GJMF$MJDL7JFXUPQMBZCBDL
UIFGJMF
&YQFSJFODJOH.VMUJNFEJB
5IJTJDPO JOEJDBUFT
UIBUUIFGJMFJTBWJEFPGJMF
$MJDL1MBZUPQMBZCBDL
UIFGJMFJO8JOEPXT.FEJB
1MBZFS.PCJMF
/PUF *GZPVDBOOPUGJOEUIFNFEJBGJMFJOUIFEFGBVMU.Z1JDUVSFTGPMEFSDMJDL.FOV
'PMEFST.Z%FWJDFUPHPUPPUIFSGPMEFST
1JDUVSFT7JEFPTNFOV
4FMFDUBNFEJBGJMFPOTDSFFOBOEDMJDL.FOVUPPQFOBMJTUPGPQUJPOTUIBU
ZPVDBOEPXJUIUIFTFMFDUFENFEJBGJMF
:PVDBODIPPTFUPTFOEUIFTFMFDUFENFEJBGJMF
WJBPOFPGZPVSNFTTBHJOHBDDPVOUTCFBNJU
UPBOPUIFSEFWJDFQMBZUIFQJDUVSFTBTBTMJEF
TIPXTFOEUIFQJDUVSFUPZPVS8JOEPXT-JWF
.Z4QBDFBDDPVOUBOENPSF
$MJDL0QUJPOTUPDVTUPNJ[FQJDUVSFTFUUJOHT
BOETMJEFTIPXQMBZCBDLQSFGFSFODFT
/PUF 5IFBWBJMBCMFNFOVPQUJPOTEFQFOEPOUIFTFMFDUFENFEJBGJMF
8IFOWJFXJOHBQJDUVSFGJMFDMJDL.FOV6TFBT)PNF4DSFFOUPTFUUIF
QJDUVSFBTZPVS)PNF4DSFFOCBDLHSPVOE:PVDBOBMTPEPNJOPSUPVDIVQT
UPUIFQJDUVSFTVDIBTSPUBUFBOEDSPQCZDMJDLJOH.FOV&EJU
&YQFSJFODJOH.VMUJNFEJB
8JOEPXT.FEJB1MBZFS.PCJMF
:PVDBOVTF.JDSPTPGU¡8JOEPXT.FEJB¡1MBZFS
.PCJMFGPS4NBSUQIPOFUPQMBZEJHJUBMBVEJPBOE
WJEFPGJMFTUIBUBSFTUPSFEPOZPVSQIPOFPSPOB
OFUXPSLTVDIBTPOB8FCTJUF
5PPQFO8JOEPXT.FEJB1MBZFS.PCJMFDMJDL
4UBSU8JOEPXT.FEJB
"CPVUUIFDPOUSPMT
#ZEFGBVMUUIFTFIBSEXBSFCVUUPOTBSFBTTJHOFEUP8JOEPXT.FEJB1MBZFS
.PCJMFGVODUJPOT
5JQ 5PDIBOHFUIFBTTJHOFEIBSEXBSFCVUUPOTPOUIF1MBZCBDLTDSFFODMJDL
.FOV0QUJPOT#VUUPOT
5P 1SFTT
1MBZPSQBVTF $&/5&30,
4LJQUPBQSFWJPVTGJMF /"7*("5*0/MFGU
4LJQUPUIFOFYUGJMF /"7*("5*0/SJHIU
*ODSFBTFUIFWPMVNF /"7*("5*0/VQ
%FDSFBTFUIFWPMVNF /"7*("5*0/EPXO
5VSOUIFTPVOEPOPSPGGRVJDLMZNVUF 
4XJUDIUPGVMMTDSFFOEVSJOHWJEFPQMBZCBDL
$IBOHFSBUJOH 
'BTUGPSXBSEBGJMF /"7*("5*0/SJHIUIPME
3FXJOEBGJMF /"7*("5*0/MFGUIPME
&YQFSJFODJOH.VMUJNFEJB
"CPVUUIFTDSFFOTBOENFOVT
8JOEPXT.FEJB1MBZFS.PCJMFIBTUISFFQSJNBSZTDSFFOT
1MBZCBDLTDSFFO
5IFEFGBVMUTDSFFOUIBU
EJTQMBZTUIFQMBZCBDL
DPOUSPMTBOEUIFWJEFP
XJOEPX
/PX1MBZJOHTDSFFO
5IJTTQFDJBMQMBZMJTU
JOEJDBUFTUIFDVSSFOUGJMF
CFJOHQMBZFEBOEGJMFTUIBU
BSFRVFVFEVQUPQMBZOFYU
-JCSBSZTDSFFO
5IFTDSFFOUIBUMFUTZPV
RVJDLMZGJOEZPVSBVEJP
GJMFTWJEFPGJMFTBOE
QMBZMJTUT
$MJDL.FOVUPPQFOBMJTUPGPQUJPOTUIBUZPVDBOEPJOBQBSUJDVMBSTDSFFO
5IFDPNNBOETPOUIJTNFOVWBSZEFQFOEJOHVQPOXIJDITDSFFOZPVBSF
WJFXJOH
"CPVUMJDFOTFTBOEQSPUFDUFEGJMFT
4PNFNFEJBGJMFTIBWFBTTPDJBUFEMJDFOTFTUIBUQSPUFDUUIFNGSPNCFJOH
VOMBXGVMMZEJTUSJCVUFEPSTIBSFE
*GZPVXBOUUPDPQZBQSPUFDUFEGJMFGSPNZPVS1$UPZPVSQIPOFVTFUIF
8JOEPXT.FEJB1MBZFSPOZPVS1$UPTZODISPOJ[FUIFGJMFUPZPVSQIPOF
5IJTXJMMFOTVSFUIBUUIFMJDFOTFJTDPQJFEBMPOHXJUIUIFQSPUFDUFEGJMF'PS
NPSFJOGPSNBUJPOBCPVUTZODISPOJ[JOHGJMFTUPZPVSQIPOFBOEPUIFSNPCJMF
EFWJDFTTFFUIF8JOEPXT.FEJB1MBZFS)FMQ
/PUF :PVDBOWJFXUIFQSPUFDUJPOTUBUVTGPSBGJMFCZDIFDLJOHJUTGJMFQSPQFSUJFT
.FOV1SPQFSUJFT
&YQFSJFODJOH.VMUJNFEJB
$PQZGJMFTUPZPVSQIPOF
6TFUIF4ZODGFBUVSFJO8JOEPXT.FEJB1MBZFSPOZPVS1$UPTZODISPOJ[F
DPQZEJHJUBMNFEJBGJMFTGSPNZPVS1$UPZPVSQIPOF6TJOH4ZODFOTVSFT
UIBUQSPUFDUFEGJMFTBOEBMCVNBSUGPSTLJOTBSFDPQJFEUPZPVSQIPOF
DPSSFDUMZ
5PTZODISPOJ[FDPOUFOUUPZPVSQIPOFBVUPNBUJDBMMZ
 0OZPVS1$TUBSU8JOEPXT.FEJB1MBZFSBOEUIFODPOOFDUZPVS
QIPOFUPZPVS1$
 *OUIF%FWJDF4FUVQ8J[BSEUZQFBOBNFGPSUIFQIPOFBOEDMJDL
'JOJTI
 0OUIFMFGUNPTUQBOFSJHIUDMJDLZPVSQIPOFBOETFMFDU4FU6Q4ZOD
 0OUIF%FWJDF4FUVQEJBMPHCPYTFMFDUUIF4ZODUIJTEFWJDF
BVUPNBUJDBMMZBOEUIFOTFMFDUUIFQMBZMJTUTUIBUZPVXBOUUPTZOD
CFUXFFOUIF1$BOEZPVSQIPOF
 $MJDL'JOJTI
/PUF :PVDBOBMTPTZODZPVSTUPSBHFDBSEJGZPVIBWFPOFJOTUBMMFEPOZPVSQIPOF
5PTZODSJHIUDMJDL4UPSBHF$BSE
5IFGJMFTCFHJOTZODISPOJ[JOHUPZPVSQIPOF5IFOFYUUJNFZPV
DPOOFDUZPVSQIPOFUPZPVS1$XIJMF8JOEPXT.FEJB1MBZFSJTSVOOJOH
TZODISPOJ[BUJPOXJMMTUBSUBVUPNBUJDBMMZ
5PTZODISPOJ[FBOEDPQZDPOUFOUNBOVBMMZUPZPVSQIPOF
 *GZPVIBWFOPUTFUVQTZODISPOJ[BUJPOCFUXFFOZPVSQIPOFBOE
1$GPMMPXTUFQTUPJOi5PTZODISPOJ[FDPOUFOUUPZPVSQIPOF
BVUPNBUJDBMMZu
 $MJDLUIF4ZODUBCPOUIF8JOEPXT.FEJB1MBZFS4FMFDUB1MBZMJTUPSB
-JCSBSZPOUIFMFGUQBOFMPGUIF8JOEPXT.FEJB1MBZFS
 'SPNUIFDPOUFOUMJTUESBHñMFTZPVXBOUUPTZODUPZPVSQIPOFUPUIF
SJHIUQBOFMPGUIF8JOEPXT.FEJB1MBZFS
 $MJDL4UBSU4ZODUPTUBSUDPQZJOHñMFTUPZPVSQIPOF
&YQFSJFODJOH.VMUJNFEJB
1MBZMJTUTBOE-JCSBSZMJTU
4UBSU4ZOD1MBZMJTUPSMJCSBSZDPOUFOUMJTU
%SBHGJMFTGSPNUIFDPOUFOU
MJTUUPTZODUPZPVSQIPOF
/PUFT r "MXBZTVTF8JOEPXT.FEJB1MBZFSPOZPVS1$UPTZODISPOJ[FDPQZ
GJMFTUPZPVSQIPOF
r "VEJPGJMFTDPQZGBTUFSJG8JOEPXT.FEJB1MBZFSJTDPOGJHVSFEUP
BVUPNBUJDBMMZTFUUIFRVBMJUZMFWFMGPSBVEJPGJMFTDPQJFEUPZPVSQIPOF'PS
NPSFJOGPSNBUJPOTFFUIF8JOEPXT.FEJB1MBZFS)FMQ
1MBZNFEJB
5PQMBZNFEJBPOZPVSQIPOF
6TFUIFMJCSBSZUPGJOEBOEQMBZTPOHTWJEFPTBOEQMBZMJTUTUIBUBSFTUPSFE
POZPVSQIPOFPSTUPSBHFDBSE
 *GZPVBSFOPUPOUIF-JCSBSZTDSFFODMJDL.FOV-JCSBSZ
 *GOFDFTTBSZPOUIF-JCSBSZTDSFFODMJDL.FOV-JCSBSZBOEUIFO
TFMFDUUIFMJCSBSZUIBUZPVXBOUUPVTF
 *ONPTUDBTFT8JOEPXT.FEJB1MBZFS.PCJMFBVUPNBUJDBMMZVQEBUFT
UIFMJCSBSZ)PXFWFSZPVDBONBOVBMMZVQEBUFUIFMJCSBSZUPFOTVSF
UIBUJUDPOUBJOTOFXñMFTUIBUZPVSFDFOUMZDPQJFEUPZPVSQIPOFPS
TUPSBHFDBSE$MJDL.FOV6QEBUF-JCSBSZUPNBOVBMMZVQEBUFUIF
MJCSBSZMJTU
&YQFSJFODJOH.VMUJNFEJB
 4FMFDUBDBUFHPSZGPSFYBNQMF.Z.VTJDPS.Z1MBZMJTUTTFMFDUUIF
JUFNUIBUZPVXBOUUPQMBZTVDIBTBTPOHBMCVNPSBSUJTUOBNFBOE
UIFODMJDL1MBZ
/PUF 5PQMBZBGJMFUIBUJTTUPSFEPOZPVSQIPOFCVUJTOPUJOBMJCSBSZPOUIF-JCSBSZ
TDSFFODMJDL.FOV0QFO'JMF4FMFDUUIFJUFNUIBUZPVXBOUUPQMBZTVDI
BTBGJMFPSBGPMEFSBOEDMJDL1MBZ
5SPVCMFTIPPUJOH
'PSNPSFJOGPSNBUJPOTFFUIF5SPVCMFTIPPUJOH8JOEPXT.FEJB1MBZFS
.PCJMFQBHFBUUIF.JDSPTPGU8FCTJUFIUUQXXXNJDSPTPGUDPN
XJOEPXTXJOEPXTNFEJBQMBZFSXJOEPXTNPCJMFUSPVCMFTIPPUJOHBTQY
4USFBNJOH.FEJB
5IF4USFBNJOH.FEJBQSPHSBNBMMPXTZPVUPTUSFBNMJWFCSPBEDBTUTPS
POEFNBOENFEJBDPOUFOUGSPNUIF8FC:PVEPOPUIBWFUPXBJUVOUJMUIF
FOUJSFNFEJBDPOUFOUJTDPNQMFUFMZEPXOMPBEFECFGPSFXBUDIJOHUIFWJEFP
PSIFBSJOHUIFTPVOE5IFNFEJBJTTFOUJOBDPOUJOVPVTTUSFBNUPZPVS
QIPOFBOEJTQMBZFEBTJUBSSJWFTBMPOHXJUIUIFBVEJP
 4UPQ1SFTT/"7*("5*0/MFGUUPTUPQQMBZCBDL
 1MBZ1BVTF1SFTT$&/5&30,UPQMBZQBVTF
QMBZCBDL
 7PMVNF1SFTT/"7*("5*0/VQEPXOUP
JODSFBTFEFDSFBTFWPMVNF1SFTT/"7*("5*0/
SJHIUUPNVUFVONVUFUIFBVEJP
 
&YQFSJFODJOH.VMUJNFEJB
5IF4USFBNJOH.FEJBQSPHSBNBMMPXTZPVUPQMBZ(1BOE.1&(GJMFT
*UBMTPTVQQPSUTQMBZCBDLPG4%14FTTJPO%FTDSJQUJPO1SPUPDPMGJMFT"O
4%1GJMFJTBUFYUGJMFUIBUDPOUBJOTUIFGPSNBUCSPBEDBTUUJNFTNFEJB
DPOUFOUBOEPUIFSJOGPSNBUJPOBCPVUBMJWFCSPBEDBTUPSJUNBZDPOUBJOB
QMBZMJTUBOEMJOLTUPQSFSFDPSEFENFEJBGJMFTJGZPVBSFWJFXJOHPOEFNBOE
TUSFBNJOHNFEJB
5PBDDFTTTUSFBNJOHDPOUFOUWJB*OUFSOFU&YQMPSFS
*O*OUFSOFU&YQMPSFSZPVDBOPQFOB8FCQBHFDPOUBJOJOHIUUQMJOLTUP
TUSFBNJOHNFEJBDPOUFOUBOEQMBZUIFDPOUFOUJOUIF4USFBNJOH.FEJB
QSPHSBN
 0OUIF)PNFTDSFFODMJDL4UBSU*OUFSOFU&YQMPSFS
 $MJDL.FOV"EESFTT#BS*OUIFBEESFTTCBSFOUFSUIF63-BEESFTT
PGUIF8FCQBHFUIBUDPOUBJOTUIFIUUQMJOLUPUIFEFTJSFEHQ
NQPSTEQñMF
 0OUIF8FCQBHFTFMFDUUIF3541MJOLBOEQSFTT$&/5&30,
 4USFBNJOH.FEJBUIFOBVUPNBUJDBMMZPQFOTBOETUBSUTQMBZJOHUIFñMF
%VSJOHQMBZCBDLVTFUIFCVUUPODPOUSPMTUPQMBZQBVTFUIFWJEFPBOE
BEKVTUUIFTPVOEWPMVNF
5JQ $MJDL.FOV;PPN;PPN*OUP[PPNJOPOUIFWJEFP
5PTUSFBNNFEJBñMFTEJSFDUMZPOUIF4USFBNJOH.FEJB1MBZFS
4USFBNJOH.FEJBPOMZTVQQPSUT3541MJOLTXIFOZPVTUSFBNHQBOE
NQGJMFTEJSFDUMZPOUIFQSPHSBN
/PUF #FGPSFZPVMBVODIUIF4USFBNJOH.FEJBQSPHSBNNBLFTVSFUIBUZPVBSF
DPOOFDUFEUPUIF*OUFSOFU
 0OUIF)PNFTDSFFODMJDL4UBSU4USFBNJOH.FEJB
 'SPNUIFQSPHSBNDMJDL$POOFDU
 &OUFSUIF63-GPSUIF8FCTJUFSUTQBOEUIFñMFOBNF
 $MJDL(P
 4USFBNJOH.FEJBUIFOTUBSUTQMBZJOHUIFñMF%VSJOHQMBZCBDLVTFUIF
CVUUPODPOUSPMTUPQMBZQBVTFBOEBEKVTUUIFTPVOEWPMVNF
&YQFSJFODJOH.VMUJNFEJB
5PWJFXTUSFBNJOHWJEFPñMFJOGPSNBUJPO
:PVDBOWJFXUIFQSPQFSUJFTBOEHFOFSBMJOGPSNBUJPOPGBTUSFBNJOHWJEFP
DMJQTVDIBTGJMFGPSNBUBVEJPDPEFDEJNFOTJPOGSBNFTBOEEVSBUJPOPGUIF
WJEFP
r $MJDL.FOV1SPQFSUJFTGSPNUIFQSPHSBN
5PDPOñHVSFTUSFBNJOHWJEFPDPOOFDUJPOTFUUJOHT
$MJDL.FOV0QUJPOTUPDPOGJHVSFUIFGPMMPXJOHTFUUJOHT
r $POOFDUWJB$IPPTFXIFUIFSZPVXBOUUPDPOOFDUUPUIF*OUFSOFUPS
DPSQPSBUFOFUXPSLJOUSBOFUUPMPDBUFBTUSFBNJOHWJEFPDMJQ
r6%1QPSUSBOHF4QFDJGZBSBOHFPGQPSUOVNCFSTUPVTFGPS
TUSFBNJOH
r.FEJBCVíFS4QFDJGZUIFNFNPSZTQBDFJOUFSNTPGEVSBUJPOUP
BMMPUGPSTUPSJOHWJEFPBOEBVEJPEBUBXIJMFTUSFBNJOHNFEJB
"VEJP.BOBHFS
"VEJP.BOBHFSJTBNVTJDCSPXTFSBOEQMBZFSJOPOF*UHJWFTZPVBDDFTTUP
BMMUIFNVTJDGJMFTPOZPVSQIPOFBOEBMMPXTZPVUPFBTJMZCSPXTFGPSUIF
NVTJDUIBUZPVXBOUUPQMBZCZPSHBOJ[JOHNVTJDJOUPDBUFHPSJFT
5PPQFO"VEJP.BOBHFS
r $MJDL4UBSU"VEJP.BOBHFS
/PUFTr"VEJP.BOBHFSTFBSDIFTGPSBMMNVTJDGJMFTTUPSFEPOZPVSQIPOFNFNPSZ
BOETUPSBHFDBSEUIBUIBWFUIFGPMMPXJOHBVEJPGPSNBUT.18."""$
BOE""$
r
.VTJDGJMFTBSFDBUFHPSJ[FEVOEFS"SUJTUT"MCVN(FOSFFUDJGTVDI
NFUBEBUBBSFGPVOEJOUIFGJMFT
&YQFSJFODJOH.VMUJNFEJB
-JCSBSZ
0OUIF"VEJP.BOBHFST-JCSBSZTDSFFOBOBSSPXUIBUBQQFBSTJOBOJUFN
JOEJDBUFTUIBUUIFSFJTBTVCNFOVBWBJMBCMF6TFUIF/"7*("5*0/$0/530-
UPHPUISPVHIUIFJUFNTBOEQSFTT$&/5&30,UPPQFOUIFTVCNFOV
-JCSBSZ"MM4POHTTDSFFO
-JCSBSZ.BJOTDSFFO
/P %FTDSJQUJPO
0QFOUIF"MM4POHTTVCNFOVXIFSFZPVDBOCSPXTFNVTJDGJMFTCZGJMFOBNF
PSTPOHUJUMF
0QFOUIF1MBZMJTUTTVCNFOVXIFSFZPVDBODSFBUFQMBZMJTUTBOEQMBZUIFN
CBDL
0QFOBTVCNFOVXIFSFZPVDBOCSPXTFNVTJDGJMFTCZUIFTFMFDUFEDBUFHPSZ
4XJUDIUPUIF.VTJD1MBZFSTDSFFO.VTJD1MBZFSEPFTOPUBVUPNBUJDBMMZTUBSU
QMBZCBDL1SFTT$&/5&30,UPTUBSUQMBZCBDL
4IPXTUIFDVSSFOUTVCNFOVOBNF
4IPXTB4FBSDIJDPOXIFOUIFNVTJDEBUBCBTFJO"VEJP.BOBHFSJTCFJOH
VQEBUFE5IJTPDDVSTXIFONVTJDGJMFTIBWFCFFOBEEFESFOBNFEPSSFNPWFE
POUIFQIPOFNFNPSZPSTUPSBHFDBSE
4IPXTUIFTPOHUJUMFTPSGJMFOBNFTPGNVTJDGJMFTXIFOZPVBSFJOUIF"MM4POHT
TVCNFOV6TFUIF/"7*("5*0/$0/530-UPTFMFDUBNVTJDGJMFBOEQMBZJUJO
UIF.VTJD1MBZFS
4IPXTNPSFTVCNFOVTXIFOZPVBSFJOPOFPGUIFDBUFHPSZTDSFFOTTVDIBT
"SUJTUT"MCVNFUD1SFTT$&/5&30,UPPQFOBTVCNFOV
&YQFSJFODJOH.VMUJNFEJB
5JQ 1SFTT/"7*("5*0/MFGUPSUIF#"$,LFZ UPHPCBDLUPUIFVQQFSMFWFM
NFOV
8IFOZPVQSFTT$&/5&30,POBDBUFHPSZPOUIF-JCSBSZT.BJOTDSFFO
ZPVXJMMTFFNPSFTVCNFOVTXIJDINBZIBWFEFFQFSMFWFMTPGNFOVT'PS
FYBNQMFXIFOZPVTFMFDU"SUJTUTBOPUIFSMFWFMPGTVCNFOVTXJMMCFMJTUFE
TIPXJOHBSUJTUOBNFT+VTULFFQPQFOJOHUIFTVCNFOVTVOUJMZPVSFBDIUIF
MFWFMXIFSFTPOHUJUMFTDBOCFTFMFDUFEGPSQMBZCBDL
.VTJDGJMFTUIBUBSFQSPUFDUFECZ%JHJUBM3JHIUT.BOBHFNFOU%3.XJMMCF
MJTUFEVOEFSUIF1SPUFDUFEDBUFHPSZ"MPDLJDPOTIPXOCFGPSFTPOHUJUMFT
JOEJDBUFTUIBUUIFNVTJDGJMFTBSFQSPUFDUFE"DSPTTNBSLFEMPDLJDPOTIPXO
CFGPSFTPOHUJUMFTJOEJDBUFTUIBUUIFSJHIUTGPSUIFNVTJDGJMFTIBWFFYQJSFE
BOEZPVXJMMOPUCFBCMFUPQMBZUIFN
/PUF 8IFOZPVFYJU"VEJP.BOBHFSBOEPQFOJUBHBJOJUXJMMEJTQMBZUIFMBTU
TVCNFOVUIBUZPVXFSFJO1SFTT/"7*("5*0/MFGUVOUJMZPVSFBDIUIF
-JCSBSZhT.BJOTDSFFO
.VTJD1MBZFS
.VTJD1MBZFSJTJOUFHSBUFEXJUI"VEJP.BOBHFSBOEMFUTZPVQMBZCBDL
NVTJDGJMFT"GUFSTFMFDUJOHBTPOHJOUIF-JCSBSZ.VTJD1MBZFSPQFOTBOE
BVUPNBUJDBMMZQMBZTJU
/PUF *GUIFMBTUTDSFFOZPVXFSFJOXBTUIF.VTJD1MBZFSXIFOZPVDMPTFE"VEJP
.BOBHFSOFYUUJNFZPVMBVODI"VEJP.BOBHFSJUXJMMPQFO.VTJD1MBZFS
EJSFDUMZ5PTXJUDICBDLUPUIF-JCSBSZDMJDL-JCSBSZ
&YQFSJFODJOH.VMUJNFEJB
$POUSPM %PFTUIJT
1SFTT$&/5&30, 1MBZ1BVTFUIFTPOH
4IPXTUIFQMBZCBDLUJNF$MJDL.FOV5JNF
%JTQMBZUPDIPPTFUIFEJTQMBZGPSNBUGPSUIF
QMBZCBDLUJNF&MBQTFEUJNFPS3FNBJOJOHUJNF
1SFTTBOEIPME.PWFCBDLXBSEJOBTPOH
1SFTTBOEIPME.PWFGPSXBSEJOBTPOH
1SFTT/"7*("5*0/MFGUSJHIU (PUPUIFQSFWJPVTOFYUTPOH
1SFTT .VUF6ONVUF
1SFTT/"7*("5*0/VQEPXO  *ODSFBTF%FDSFBTFUIFWPMVNF
1SFTT4IVGGMFTPOHTEVSJOHQMBZCBDL
1SFTT-PPQTPOHTEVSJOHQMBZCBDL
-JCSBSZ 3FUVSOUPUIF-JCSBSZTDSFFO
.FOV
0QFOBNFOVXIFSFZPVDBODIPPTFUPBEEUIF
DVSSFOUTPOHUPBQMBZMJTUTFUUIFQMBZCBDLNPEF
TFUUIFTPOHBTSJOHUPOFBOENPSF
1MBZMJTUT
"QMBZMJTUJTBMJTUPGNVTJDGJMFTUIBUQMBZJOBTFRVFOUJBMPSEFS5IF1MBZMJTUT
TDSFFOTIPXTUIFDVSSFOUQMBZMJTUTUIBUBSFGPVOEPOUIFQIPOFNFNPSZBOE
TUPSBHFDBSE
5IFSFBSFUXPUZQFTPGQMBZMJTUTUIBUXJMMCFTIPXOPOUIF1MBZMJTUTDSFFO
r 8JOEPXT.FEJB1MBZFSQMBZMJTUT5IFTFBSFQMBZMJTUTUIBUBSFJO
8JOEPXT.FEJB1MBZFS.PCJMFT-JCSBSZXIJDIJTTZODISPOJ[FEXJUI
8JOEPXT.FEJB1MBZFSPOZPVSDPNQVUFSBOEUIFZBSFJOEJDBUFECZ
UIF8JOEPXT.FEJB1MBZFSJDPO 5IFZDBOCFQMBZFEJO"VEJP
.BOBHFST.VTJD1MBZFSCVUDBOOPUCFFEJUFE
r $VTUPNQMBZMJTUT5IFTFBSFQMBZMJTUTUIBUBSFDSFBUFEJO"VEJP
.BOBHFSBOEDBOCFFEJUFE
&YQFSJFODJOH.VMUJNFEJB
/PUFTr"VEJP.BOBHFSTFBSDIFTGPSQMBZMJTUTJOUIFGPMMPXJOHMPDBUJPOT
1IPOF=1MBZMJTUT="QQMJDBUJPO%BUB=)5$="VEJP.BOBHFS=QMBZMJTUT
4UPSBHFDBSE=4UPSBHF$BSE=1MBZMJTU
r
*GB8JOEPXT.FEJB1MBZFSQMBZMJTUDPOUBJOTBDPNCJOBUJPOPGNVTJDWJEFP
BOEJNBHFGJMFT"VEJP.BOBHFSBDDFTTFTUIFNVTJDGJMFTPOMZBOEGJMUFST
PVUUIFPUIFSNFEJBUZQFT
5PDSFBUFBQMBZMJTU
 0OUIF-JCSBSZT.BJOTDSFFOTFMFDU1MBZMJTUTBOEQSFTT$&/5&30,
 0OUIF1MBZMJTUTTDSFFODMJDL.FOV/FX
 &OUFSB1MBZMJTUOBNFUIFODMJDL0,
 0OUIF1MBZMJTUTTDSFFOTFMFDUUIFQMBZMJTUZPVIBWFKVTUDSFBUFEBOE
UIFODMJDL&EJU
 $MJDL.FOV"EE
 4FMFDUUIFTPOHTZPVXBOUUPBEEUPUIFQMBZMJTUCZQSFTTJOH$&/5&3
0,PSDMJDL.FOV4FMFDU"MMUPDIPPTFBMMUIFTPOHT
 $MJDL0,UISJDFUPSFUVSOUPUIF1MBZMJTUTTDSFFO
4FUNVTJDBTSJOHUPOF
"VEJP.BOBHFSBMMPXTZPVUPTFMFDUZPVSGBWPSJUFNVTJDBOETFUJUBTBSJOH
UPOFGPSZPVSQIPOF
 6TFUIF/"7*("5*0/$0/530-UPTFMFDUBTPOHJOUIF-JCSBSZPS
TFMFDUBTPOHUPQMBZJUJO.VTJD1MBZFS
 $MJDL.FOV4FUBT3JOH5POF
 4FMFDU4FUBT%FGBVMU3JOH5POFBOEQSFTT$&/5&30,
 "DPOñSNBUJPONFTTBHFJTUIFOEJTQMBZFE$MJDL0,
/PUF *GUIFTFMFDUFETPOHJTJO.1GPSNBUZPVDBOUSJNJUGJSTUUPNBLFJUTIPSUFS
$MJDL5SJNUPPQFOUIF.15SJNNFSBOEUSJNUIFTPOH'PSNPSFJOGPSNBUJPO
BCPVUUSJNNJOHTFFi.15SJNNFSu
5JQ *GZPVPOMZXBOUUPTBWFUIFTPOHUPUIFSJOHUPOFGPMEFSGPSGVUVSFVTFTFMFDU
4BWFUP3JOH5POF'PMEFS-BUFSPOZPVDBODMJDL4UBSU4FUUJOHT4PVOET
UPTFUJUBTZPVSSJOHUPOF
&YQFSJFODJOH.VMUJNFEJB
.15SJNNFS
6TF.15SJNNFSUPUSJN.1GJMFT:PVDBODIPPTFUPTBWFJUBTBOFXGJMFPS
TFUJUBTBSJOHUPOF
5PPQFO.15SJNNFS
r $MJDL4UBSU.15SJNNFS
5IJTDPOUSPM %PFTUIJT
5JUMF 4IPXTUIFOBNFGPSUIFTPOH
%VSBUJPO 4IPXTUIFMFOHUIPGUIFTPOHBGUFSUSJNNJOH
5JNF 4IPXTUIFQMBZCBDLUJNFXIFOUIFTPOHJTQMBZFE
1MBZ4UPQ 1SFTT$&/5&30,UPUPHHMFCFUXFFOQMBZJOHBOETUPQQJOH
QMBZCBDL
.BSLJO
.BSLPVU
"MMPXTQSFDJTFNBSLJOHPGUIFTUBSUBOEFOEUJNFTPGUIF
TPOHUIBUXJMMCFVTFEGPSUIFGJMF
.BSLJO.BSLPVU
QPJOUT
4IPXTUIFDVSSFOUNBSLJOTUBSUBOENBSLPVUFOE
QPJOUTPGUIFTPOH5IFTPOHXJMMCFUSJNNFECBTFEPO
UIFTFQPJOUT
0, $MJDLUPDPOGJSNUSJNNJOHUIFGJMF
$BODFM $MJDLUPFYJU.15SJNNFSXJUIPVUUSJNNJOHUIFGJMF
&YQFSJFODJOH.VMUJNFEJB
5PUSJNUIF.1ñMF
 *OUIF5SJNTDSFFOVTFUIF/"7*("5*0/$0/530-UPTFMFDU.BSLJO
 6TF/"7*("5*0/MFGUSJHIUUPTFUUIF.BSLJOQPJOU"GUFSZPVTFUUIF
.BSLJOQPJOUUIFTPOHXJMMQMBZCBDLTUBSUJOHGSPNUIF.BSLJOQPJOU
6TF/"7*("5*0/MFGUSJHIUUPBEKVTUUIF.BSLJOQPJOUJGOFFEFE

 6TFUIF/"7*("5*0/$0/530-UPTFMFDU.BSLPVUBOEUIFOVTF
/"7*("5*0/MFGUSJHIUUPTFUUIF.BSLPVUQPJOU"GUFSZPVTFUUIF
.BSLPVUQPJOUUIFTPOHXJMMQMBZCBDLTUBSUJOHGSPNTFDPOETCFGPSF
UIF.BSLPVUQPJOU6TF/"7*("5*0/MFGUSJHIUUPBEKVTUUIF.BSLPVU
QPJOUJGOFFEFE

 6TFUIF/"7*("5*0/$0/530-UPTFMFDU1MBZ1SFTT$&/5&30,UP
QMBZCBDLUIFUSJNNFETPOH8IJMFQMBZJOHZPVDBOVTF/"7*("5*0/
MFGUSJHIUUPHPCBDLXBSEPSGPSXBSEUISPVHIBTPOH
 $MJDL.FOVBOETFMFDUUPXIFUIFSTFUUIFñMFBTUIFEFGBVMUSJOHUPOF
TBWFUIFñMFUPUIFSJOHUPOFGPMEFSPSTBWFJUVTJOHBOPUIFSñMFOBNF
6TJOH"VEJP#PPTUFS
"VEJP#PPTUFSFOIBODFTZPVSNVTJDFYQFSJFODFCZQSPWJEJOHZPVXJUI
DPOUSPMTGPSBEKVTUJOHTPVOETFUUJOHTXIFOMJTUFOJOHUPNVTJD:PVDBOBEE
BOEBEKVTU%TPVOEUSFCMFBOECBTTFGGFDUT"VEJP#PPTUFSFWFOIBTBO
FRVBMJ[FSXJUIQSFTFUTBTXFMMBTBDPOUSPMQBOFMGPSGJOFUVOJOHTPVOE
5PPQFO"VEJP#PPTUFS
r $MJDL4UBSU"VEJP#PPTUFS
&YQFSJFODJOH.VMUJNFEJB
5IJTDPOUSPM %PFTUIJT
&RVBMJ[FS &OBCMFTPSEJTBCMFTUIFFRVBMJ[FS4FMFDUUIFDIFDLCPYUP
FOBCMFUIFFRVBMJ[FSBOEUPGJOFUVOFJUTTFUUJOHTJGEFTJSFE4FF
i&RVBMJ[FSuGPSNPSFJOGPSNBUJPO
%4PVOE "EETBUISFFEJNFOTJPOBMFGGFDUUPTPVOE$MJDLUIFTMJEFSBOE
VTF/"7*("5*0/SJHIUPSMFGUUPJODSFBTFPSEFDSFBTFUIFFGGFDU
5PEJTBCMFUIF%FGGFDUBEKVTUUIFTFUUJOHUP
5SFCMF
"EETBUSFCMFFGGFDUUPJODSFBTFUIFIJHIUPOFTJOTPVOE$MJDL
UIFTMJEFSBOEVTF/"7*("5*0/SJHIUPSMFGUUPJODSFBTFPS
EFDSFBTFUIFFGGFDU5PEJTBCMFUIFUSFCMFFGGFDUBEKVTUUIF
TFUUJOHUP
#BTT
"EETBCBTTFGGFDUUPJODSFBTFUIFMPXUPOFTJOTPVOE$MJDLUIF
TMJEFSBOEVTF/"7*("5*0/SJHIUPSMFGUUPJODSFBTFPSEFDSFBTF
UIFFGGFDU5PEJTBCMFUIFCBTTFGGFDUBEKVTUUIFTFUUJOHUP
%POF $MJDLUPBQQMZUIFNPEJGJFETFUUJOHT
.FOV r$MJDL.FOV$BODFMUPFYJU"VEJP#PPTUFSXJUIPVUBQQMZJOH
UIFNPEJGJFETFUUJOHT
r$MJDL.FOV3FTFUUPDIBOHFCBDLUPUIFEFGBVMUTFUUJOHT
&YQFSJFODJOH.VMUJNFEJB
&RVBMJ[FS
5IF&RVBMJ[FSPQUJNJ[FTTPVOEGPSBCFUUFS
MJTUFOJOHFYQFSJFODF*UQSPWJEFTQSFTFUNPPET
TVDIBTIJQIPQKB[[SPDLFUDBOETFWFSBM
FOIBODFNFOUQSFTFUTUIBUTVJUEJGGFSFOUUZQFT
PGNVTJD*UBMTPIBTBCBOEHSBQIJDFRVBMJ[FS
UIBUMFUTZPVBEKVTUUIFMPVEOFTTPGTPVOECZ
GSFRVFODZ
5PBQQMZBQSFTFU
 4FMFDUUIF&RVBMJ[FSDIFDLCPYUPFOBCMF
UIFFRVBMJ[FS
 4FMFDUBEFTJSFEQSFTFUGSPNUIF
ESPQEPXONFOV
5PDSFBUFBDVTUPNFRVBMJ[FSQSFTFU
 4FMFDUUIF&RVBMJ[FSDIFDLCPYUPFOBCMF
UIFFRVBMJ[FS
 $MJDL 
 "EKVTUUIFGSFRVFODZCBOETUPZPVS
EFTJSFEWBMVFTCZDMJDLJOHBTMJEFSBOE
VTJOH/"7*("5*0/VQBOEEPXOUPESBH
UIFFRVBMJ[FSDPOUSPMT5IFTFMFDUFEWBMVFT
BSFJOEJDBUFEPOUPQPGUIFTMJEFST
 4BWFZPVSFRVBMJ[FSTFUUJOHTBTBQSFTFUCZ
DMJDLJOH.FOV4BWFBT1SFTFU
 &OUFSBQSFTFUOBNFUIFODMJDL%POF5IFQSFTFUJTBEEFEUPUIFMJTU
CPY
5PEFMFUFBDVTUPNFRVBMJ[FSQSFTFU
 4FMFDUUIF&RVBMJ[FSDIFDLCPYUIFODMJDL 
 $MJDLUIFMJTUCPYUIFOTFMFDUUIFQSFTFUZPVXBOUUPEFMFUF
 $MJDL.FOV%FMFUF1SFTFU
/PUF :PVDBOPOMZEFMFUFDVTUPNFRVBMJ[FSQSFTFUT&RVBMJ[FSQSFTFUTUIBUBSF
QSFJOTUBMMFEDBOOPUCFEFMFUFE
&YQFSJFODJOH.VMUJNFEJB
'MBTI-JUF1MBZFS
'MBTI-JUF1MBZFSMFUTZPVQMBZCBDL'MBTI-JUF
BOJNBUJPOGJMFTHBNFTBOEPUIFSUZQFTPG'MBTI
-JUFGJMFTPOZPVSEFWJDF
/PUF 'MBTI-JUF1MBZFSPOMZTVQQPSUTQMBZCBDLPG'MBTI-JUFOPU'MBTIGJMFT
5PPQFOB'MBTI-JUF'JMF
 0OUIF)PNFTDSFFODMJDL4UBSU'MBTI-JUF1MBZFS
 $MJDL0QFOBOEMPDBUFUIF'MBTI-JUFñMFZPVXBOUUPPQFO
 $MJDLUIFñMFUPPQFOJU
5PPQFOBSFDFOUMZQMBZFECBDLñMF
0OUIF'MBTI-JUF1MBZFSTDSFFODMJDL.FOV3FDFOU'JMFT4FMFDUUIFGJMF
ZPVXBOUUPPQFOBOEDMJDL0QFO
5PBEKVTUUIFQMBZCBDLSFTPMVUJPO
0OUIF'MBTI-JUF1MBZFSTDSFFODMJDL.FOV2VBMJUZBOEUIFOTFMFDUB
RVBMJUZTFUUJOH
5PWJFXBñMFJOGVMMTDSFFO
%FQFOEJOHPOUIFGJMF'MBTI-JUF1MBZFSNBZFYQBOEUIFGJMFUPGJMMUIFXIPMF
TDSFFOPSIJEFUIFUJUMFBOECPUUPNCBST
r 0OUIF'MBTI-JUF1MBZFSTDSFFODMJDL.FOV'VMM4DSFFO
/PUF 8IFOJOGVMMTDSFFONPEFZPVDBOSFWFSUUPOPSNBMWJFXNPEFCZQSFTTJOH
UIFSJHIU40'5,&:BOEUIFODMJDLJOH'VMM4DSFFOPOUIFTIPSUDVUNFOV
&YQFSJFODJOH.VMUJNFEJB
+BWB
.*%MFUTBSF+BWBCBTFEBQQMJDBUJPOTUIBUDBOSVOPONPCJMFQIPOFT:PVS
QIPOFTVQQPSUT+BWB&EJUJPO+.&+BWBBMMPXTZPVUPEPXOMPBE+BWB
CBTFEBQQMJDBUJPOTTVDIBTHBNFTBOEUPPMTUIBUBSFTQFDJGJDBMMZEFTJHOFE
GPSNPCJMFQIPOFT+BWBHJWFTZPVUIFGMFYJCJMJUZPGJOTUBMMJOHBOENBOBHJOH
BEEJUJPOBM+.&BQQMJDBUJPOTGSPNUIF*OUFSOFU
*OTUBMMBOESVO.*%MFUT.*%MFUTVJUF
5PJOTUBMM.*%MFUTGSPNUIF*OUFSOFU
 0OUIF)PNFTDSFFODMJDL4UBSU+BWB
 $MJDL.FOV*OTUBMM#SPXTFSUPPQFO*OUFSOFU&YQMPSFS.PCJMF
 -PDBUFUIF.*%MFU.*%MFUTVJUFXIJMFDPOOFDUFEUPUIF*OUFSOFU
 4FMFDUUIF.*%MFU.*%MFUTVJUFUPEPXOMPBE
 5PTUBSUJOTUBMMJOHUIF.*%MFU.*%MFUTVJUFDMJDL:FT
 $MJDL%POFUPDPOñSNUIFJOTUBMMBUJPO
/PUFT r :PVDBODBODFMUIFJOTUBMMBUJPOBUBOZUJNF
r %PXOMPBEFE.*%MFUTXJMMCFBVUPNBUJDBMMZTBWFEJOUIF.Z%PDVNFOUT
GPMEFS
5PJOTUBMM.*%MFUTGSPNB1$
:PVDBOJOTUBMMUIF.*%MFUT.*%MFUTVJUFTPOZPVSQIPOFGSPNB1$VTJOHUIF
64#TZODDBCMFPS#MVFUPPUI.*%MFUTDPQJFEUPZPVSQIPOFVTJOH#MVFUPPUI
PSFNBJMBUUBDINFOUTBSFBVUPNBUJDBMMZTBWFEJOUIF.Z%PDVNFOUTGPMEFS
5PJOTUBMM.*%MFUTGSPNBMPDBMGPMEFS
 0OUIF)PNFTDSFFODMJDL4UBSU+BWB
 $MJDL.FOV*OTUBMM-PDBM'JMFTUPJOTUBMMUIF.*%MFUTDVSSFOUMZ
TBWFEJOUIF.Z.*%MFUTGPMEFS
 4FMFDUUIF.*%MFU.*%MFUTVJUFGSPNUIFMJTUCZVTJOHUIF/"7*("5*0/
$0/530-
 $MJDL*OTUBMM
:PVNBZCFQSPNQUFEUPDPOñSNJOTUBMMBUJPOPGBOVOUSVTUFE.*%MFU
$MJDL:FTUPJOTUBMMUIF.*%MFUPS/PUPDBODFM
&YQFSJFODJOH.VMUJNFEJB
 "GUFSTFMFDUJOH:FTZPVBSFQSPNQUFEUPTFMFDUBGPMEFSUPJOTUBMMUIF
.*%MFUJO
 $MJDL0,UPTFMFDUUIFEFGBVMUGPMEFSPSDMJDL.FOV/FX'PMEFSUP
DIPPTFBEJíFSFOUMPDBUJPO
 5IF.*%MFU.*%MFUTVJUFJTJOTUBMMFE
5PSVO.*%MFUT.*%MFUTVJUFTPOZPVSQIPOF
 0OUIF)PNFTDSFFODMJDL4UBSU+BWB
 4FMFDUB.*%MFUGSPNUIFMJTUVTJOHUIF/"7*("5*0/$0/530-
 1SFTT$&/5&30,PSDMJDL-BVODIUPSVOUIF.*%MFU
.BOBHF.*%MFUT.*%MFUTVJUF
:PVDBOPSHBOJ[FUIF.*%MFUT.*%MFUTVJUFTJOUPGPMEFST:PVDBOBMTP
VOJOTUBMMNPWFPSSFOBNF.*%MFUT.*%MFUTVJUFT
5PVOJOTUBMMB.*%MFU
#FGPSFZPVVOJOTUBMMB.*%MFU.*%MFUTVJUFNBLFTVSFUIBUJUJTOPUSVOOJOH
 0OUIF+BWB"QQTTDSFFOTFMFDUUIF.*%MFU.*%MFUTVJUFVTJOHUIF
/"7*("5*0/$0/530-
 $MJDL.FOV"DUJPOT6OJOTUBMM
 $MJDL0,UPDPOñSN
/PUF 0OUIF+BWBTDSFFODMJDL.FOV6OJOTUBMM"MMUPVOJOTUBMMBMM.*%MFUT
5PVQEBUFB.*%MFU.*%MFUTVJUF
+BWBXJMMTFBSDIGPSVQEBUFTGPSUIFTFMFDUFE.*%MFU.*%MFUTVJUFXIFSFJU
XBTJOTUBMMFEGSPNCFGPSF
 0OUIF+BWB"QQTTDSFFOTFMFDUUIF.*%MFU.*%MFUTVJUFVTJOHUIF
/"7*("5*0/$0/530-
 $MJDL.FOV"DUJPOT6QEBUF+BWBUIFOTFBSDIFTGPSVQEBUFT
 $MJDL:FTPS/PEFQFOEJOHPOUIFVQEBUFTDFOBSJP
&YQFSJFODJOH.VMUJNFEJB
5PDIBOHFUIFEJTQMBZOBNFPGB.*%MFUPSGPMEFS
 0OUIF+BWB"QQTTDSFFOTFMFDUUIF.*%MFU.*%MFUTVJUFVTJOHUIF
/"7*("5*0/$0/530-
 $MJDL.FOV"DUJPOT3FOBNF
 &OUFSBOFXOBNFGPSUIF.*%MFUUIFODMJDL4BWF
5PNPWFB.*%MFUPSGPMEFSUPBOPUIFSMPDBUJPO
 0OUIF+BWB"QQTTDSFFOTFMFDUUIF.*%MFU.*%MFUTVJUFVTJOHUIF
/"7*("5*0/$0/530-
 $MJDL.FOV"DUJPOT.PWF
 $MJDLUIFMPDBUJPOXIFSFZPVXBOUUPNPWFUIF.*%MFUPSGPMEFSUP
UIFODMJDL0,
5JQ $MJDL.FOV/FX'PMEFSUPDSFBUFBOFXGPMEFS
5PWJFXQSPUFDUJPOJOGPSNBUJPOPGB.*%MFU
*GUIF.*%MFU.*%MFUTVJUFJTQSPUFDUFECZ%3.%JHJUBM3JHIUT.BOBHFNFOU
UIFSFBSFTPNFSFTUSJDUJPOTPOIPXZPVDBOVTFUIF.*%MFU.*%MFUTVJUF
%3.JTBUFDIOPMPHZVTFECZQVCMJTIFSTUPDPOUSPMBDDFTTUPEJHJUBMEBUB
 0OUIF+BWB"QQTTDSFFOTFMFDUUIF.*%MFU.*%MFUTVJUFVTJOHUIF
/"7*("5*0/$0/530-
 $MJDL.FOV"DUJPOT1SPUFDUJPO
 $IPPTFUIFJOGPSNBUJPOZPVXBOUUPWJFXBOEDMJDL4FMFDU
$IBQUFS
6TJOH0UIFS"QQMJDBUJPOT
.JDSPTPGU¡0GGJDF.PCJMF
.JDSPTPGU¡0GGJDF8PSE.PCJMF
.JDSPTPGU¡0GGJDF&YDFM¡.PCJMF
.JDSPTPGU¡0GGJDF1PXFS1PJOU¡.PCJMF
"EPCF¡3FBEFS¡-&
4QFFE%JBM
7PJDF4QFFE%JBM
6TJOH0UIFS"QQMJDBUJPOT
.JDSPTPGU¡0GGJDF.PCJMF
.JDSPTPGU¡0GGJDF.PCJMFDPOTJTUTPGUISFFBQQMJDBUJPOTUIBUMFUZPVWJFX
BOEFEJU.JDSPTPGUEPDVNFOUT5IFTFUISFFBQQMJDBUJPOTBSF
r.JDSPTPGU¡0GGJDF8PSE.PCJMFMFUTZPVWJFXBOEFEJU.JDSPTPGU
8PSEEPDVNFOUTBOEUFYUGJMFT
r.JDSPTPGU¡0GGJDF&YDFM¡.PCJMFMFUTZPVWJFXBOEFEJU.JDSPTPGU
&YDFMXPSLTIFFUT
r.JDSPTPGU¡0GGJDF1PXFS1PJOU¡.PCJMFMFUTZPVWJFX.JDSPTPGU
1PXFS1PJOUTMJEFT
5PMFBSOIPXUPDPQZGJMFTTFFi.BOBHJOHBOE#BDLJOH6Q'JMFTuJO
$IBQUFS
.JDSPTPGU¡0GGJDF8PSE.PCJMF
.JDSPTPGU¡0GGJDF8PSE.PCJMFHJWFTZPVFEJUJOHBOEWJFXJOHDBQBCJMJUJFTGPS
ZPVS8PSEEPDVNFOUTBOEUFYUGJMFT
5PPQFO8PSE.PCJMF
r 0OUIF)PNFTDSFFODMJDL4UBSU0GGJDF.PCJMF8PSE.PCJMF
/PUF 8PSE.PCJMFEPFTOPUGVMMZTVQQPSUTPNFGFBUVSFTPG.JDSPTPGU8PSE4PNF
EBUBBOEGPSNBUUJOHNBZCFMPTUXIFOZPVTBWFUIFEPDVNFOUPOZPVS
QIPOF
7JFXEPDVNFOUT
5PPQFOBEPDVNFOU
 *O8PSE.PCJMFDMJDL.FOVBOEDIPPTFUIFMPDBUJPOXIFSFUIFEPD
SUGPSUYUGJMFJTTBWFE
 -PDBUFUIFGJMFZPVXBOUUPPQFOBOEDMJDL4FMFDU
/PUF :PVDBOPOMZPQFOPOFEPDVNFOUBUBUJNF:PVNVTUDMPTFUIFPQFOFE
EPDVNFOUGJSTUCFGPSFZPVDBOPQFOBOPUIFSEPDVNFOU
6TJOH0UIFS"QQMJDBUJPOT
5PDIBOHFUIF[PPNSBUJP
$MJDL7JFXBOEUIFOPOUIFNFOVTFMFDUUIF[PPNSBUJPUPVTF
$MJDL7JFX8SBQUP8JOEPXUPBEKVTUUIFUFYUGMPXTPUIBUUIFUFYUXSBQT
CBTFEPOUIFTDSFFOTJ[F5IJTXBZZPVEPOPUOFFEUPTDSPMMSJHIUUPSFBE
MPOHQBSBHSBQITPSTFOUFODFT
/PUF 5FYUJOUBCMFTDBOOPUCFXSBQQFE
5PDIBOHFTDSPMMJOHQSFGFSFODF
r $MJDL.FOV4DSPMM6Q%PXOBOEUIFOTFMFDU#Z1BHFPS#Z-JOF
5PGJOEBXPSEJOBEPDVNFOU
 $MJDL.FOV'JOE
 5ZQFJOUIFXPSEZPVXBOUUPGJOEJO'JOE8IBU4FMFDU.BUDIDBTF
BOEPS8IPMFXPSETPOMZJGOFFEFE
 $MJDL'JOE
5PDMPTFUIFEPDVNFOU
r $MJDL.FOV$MPTF'JMF
&EJUBOETFOEEPDVNFOUT
*OPSEFSUPFEJU8PSEEPDVNFOUTPSUFYUGJMFTZPVOFFEUPTXJUDIUP&EJU
NPEF5PTXJUDIUP&EJUNPEFDMJDL.FOV&EJU
5PUZQFXPSETJOUPUIFEPDVNFOU
 *OUIFEPDVNFOUVTFUIF/"7*("5*0/$0/530-UPQPTJUJPOUIF
DVSTPSXIFSFZPVXBOUUPJOTFSUUIFUFYU
 5ZQFJOUIFUFYUVTJOHUIF28&35:LFZCPBSE
5JQTr $MJDL.FOV'PSNBUUPDIBOHFUIFGPOUGPSNBU:PVDBOVTF#PME*UBMJD
6OEFSMJOFBOE)JHIMJHIU
r*GZPVBSFVTJOHBGPSNBUUJOHTUZMFBOEZPVXBOUUPSFWFSUUPOP
GPSNBUUJOHTUZMFDMJDL.FOV'PSNBUBOETFMFDUUIFGPSNBUUJOHTUZMFZPV
BSFVTJOHGSPNUIFNFOV
6TJOH0UIFS"QQMJDBUJPOT
5PTBWFUIFEPDVNFOU
 $MJDL.FOV'JMF4BWF"T
 5ZQFJOUIF/BNFZPVXBOUUPVTFGPSUIFFEJUFEEPDVNFOUBOE
TFMFDUUIF-PDBUJPOXIFSFZPVXBOUUPTBWFUIFEPDVNFOU
 $MJDL4BWF
5PTFOEUIFEPDVNFOUUISPVHIFNBJM
 $MJDL.FOV'JMF4FOE
 *OUIF.FTTBHJOHTDSFFOTFMFDUUIFFNBJMBDDPVOUZPVXBOUUPVTFUP
TFOEUIFEPDVNFOUBOEDMJDL4FMFDU
 *OUIFFNBJMUIFGJMFJTBVUPNBUJDBMMZBQQFOEFEBTBOBUUBDINFOU
 &OUFSUIFSFDJQJFOUOBNFBOEDMJDL4FOE
.JDSPTPGU¡0GGJDF&YDFM¡.PCJMF
.JDSPTPGU¡0GGJDF&YDFM¡.PCJMFHJWFTZPVFEJUJOHBOEWJFXJOHDBQBCJMJUJFT
GPSZPVS&YDFMXPSLTIFFUT
5PPQFO&YDFM.PCJMF
r $MJDL4UBSU0GGJDF.PCJMF&YDFM.PCJMF
/PUF &YDFM.PCJMFEPFTOPUGVMMZTVQQPSUTPNFGFBUVSFTTVDIBT.JDSPTPGU&YDFM
4PNFEBUBBOEGPSNBUUJOHNBZCFMPTUXIFOZPVTBWFUIFXPSLCPPLPOZPVS
QIPOF
7JFXXPSLTIFFUT
5PPQFOBGJMF
 *O&YDFM.PCJMFDMJDL.FOVBOEDIPPTFUIFMPDBUJPOXIFSFUIFYMT
GJMFJTTBWFE
 -PDBUFUIFGJMFZPVXBOUUPPQFOBOEDMJDL4FMFDU
/PUF :PVDBOPOMZPQFOPOFXPSLTIFFUBUBUJNF:PVNVTUDMPTFUIFPQFOFE
XPSLTIFFUGJSTUCFGPSFZPVDBOPQFOBOPUIFSXPSLTIFFU
#ZEFGBVMUUIFXPSLTIFFUPQFOTJO'VMM4DSFFONPEFUPDIBOHFUIFWJFX
NPEFQSFTTUIFMFGU40'5,&:UPTIPXUIF7JFXNFOVBOEDMJDL7JFX
'VMM4DSFFO
6TJOH0UIFS"QQMJDBUJPOT
5PWJFXUIFDPOUFOUTPGBDFMM
5IFSFBSFUJNFTUIBUUIFUFYUJOBDFMMDBOOPUCFGVMMZEJTQMBZFEPOTDSFFO5P
WJFXUIFUFYUJOUIFDFMMJOJUTFOUJSFUZTFMFDUUIFDFMMBOEUIFODMJDL7JFX
$FMM5FYU
5PVTF'SFF[F1BOF
 4FMFDUUIFDFMMUIBUJTBGUFSBOECFMPXUIFSPXBOEDPMVNOZPVXBOUUP
GSFF[F
'PSFYBNQMFJGZPVXBOUUPGSFF[FDPMVNO&BOESPXZPVTIPVME
TFMFDUDFMM'
 $MJDL7JFX'SFF[F1BOFT5PVOGSFF[FUIFQBOFTDMJDL7JFX
6OGSFF[F1BOFT
5PDIBOHFUIF[PPNSBUJP
r $MJDL7JFX;PPNBOEUIFOTFMFDUUIF[PPNSBUJPUPVTF
5PTXJUDIUPBOPUIFSXPSLTIFFU
*GZPVS&YDFMGJMFIBTNVMUJQMFXPSLTIFFUTZPVDBOHPUPBEJGGFSFOU
XPSLTIFFUCZDMJDLJOH7JFX4IFFUBOEUIFOTFMFDUUIFXPSLTIFFUZPV
XBOUUPWJFX
&EJUBOETFOEXPSLTIFFUT
*OPSEFSUPFEJU&YDFMXPSLTIFFUTZPVOFFEUPTXJUDIUP&EJUNPEF5P
TXJUDIUP&EJUNPEFDMJDL.FOV&EJU
5PFEJUUIFDFMMUFYU
 4FMFDUUIFDFMMXIPTFUFYUZPVXBOUUPFEJUBOEUIFOQSFTT$&/5&30,
PSDMJDL.FOV&EJU$FMM5FYU
 5ZQFJOUIFUFYUBOEDMJDL%POF
5PEFMFUFUIFDFMMDPOUFOU
r 4FMFDUUIFDFMMXIPTFDPOUFOUZPVXBOUUPEFMFUFBOEDMJDL.FOV
&EJU$MFBS$FMM
5JQ :PVDBOTFMFDUNVMUJQMFDFMMTCZDMJDLJOH.FOV4FMFDUBOEUIFODIPPTJOH
XIBUUPTFMFDUJOUIFXPSLTIFFU
6TJOH0UIFS"QQMJDBUJPOT
5PFEJUUIFDFMMSBOHFPGBEFGJOFEOBNF
*GZPVSXPSLTIFFUDPOUBJOTEFGJOFEOBNFTDSFBUFEJO.JDSPTPGU&YDFMPOUIF
1$ZPVDBOFEJUUIFDFMMSBOHFPGUIFEFGJOFEOBNF
 $MJDL.FOV&EJU%FGJOF/BNF
 *O3BOHF/BNFTFMFDUUIFOBNFXIPTFDFMMSBOHFZPVXBOUUP
DIBOHF
 *O3FGFSTUPUZQFJOUIFOFXDFMMSBOHF
 $MJDL%POF
5PEFMFUFDFMMT
r 4FMFDUUIFDFMMZPVXBOUUPEFMFUFBOEDMJDL.FOV&EJU%FMFUF
$FMMT
5JQ :PVDBOTFMFDUNVMUJQMFDFMMTUPEFMFUFCZDMJDLJOH.FOV4FMFDUBOEUIFO
DIPPTJOHXIBUUPTFMFDUJOUIFXPSLTIFFU
5PDPQZBOEQBTUFDFMMDPOUFOUT
 4FMFDUUIFDFMMTZPVXBOUUPDPQZBOEUIFODMJDL.FOV&EJU
$PQZ
 4FMFDUUIFDFMMTXIFSFZPVXBOUUPDPQZUIFDFMMDPOUFOUTUPBOEDMJDL
.FOV&EJU1BTUF
5PJOTFSUBSPXPSDPMVNO
4FMFDUUIFDFMMXIFSFZPVXBOUUPJOTFSUBSPXPSDPMVNOBOEUIFODMJDL
.FOV*OTFSU3PXPS$PMVNO*GZPVJOTFSUBSPXUIFSPXXJMMCF
JOTFSUFEBCPWFUIFTFMFDUFEDFMMJGZPVJOTFSUBDPMVNOUIFDPMVNOXJMMCF
JOTFSUFEBUUIFMFGUPGUIFTFMFDUFEDFMM
5JQ :PVDBOBMTPTIJGUUIFDPOUFOUTPGBSPXPSDPMVNO5PTIJGUTFMFDUUIFDFMMZPV
XBOUUPTIJGUBOEDMJDL.FOV*OTFSU4IJGU3JHIUPS4IJGU%PXO
5PHPUPBDFMM
r $MJDL.FOV5PPMT(P5PBOEUIFOFOUFSUIF$FMMSFGFSFODFPS
OBNF$MJDL0,
5JQ :PVDBOBMTPTPSUBOEGJOEUFYUJOUIFXPSLTIFFUCZDMJDLJOH.FOV5PPMT
4PSUPS'JOE
6TJOH0UIFS"QQMJDBUJPOT
5PVOEPBOESFEPBOBDUJPO
r $MJDL.FOV6OEP<"DUJPO>PS3FEP<"DUJPO>
5PTBWFUIFXPSLTIFFU
 $MJDL.FOV'JMF4BWF"T
 5ZQFJOUIF/BNFZPVXBOUUPVTFGPSUIFFEJUFEXPSLTIFFUBOE
TFMFDUUIF-PDBUJPOXIFSFZPVXBOUUPTBWFUIFXPSLTIFFU
 $MJDL4BWF
5PTFOEUIFEPDVNFOUUISPVHIFNBJM
 $MJDL.FOV'JMF4FOE
 *OUIF.FTTBHJOHTDSFFOTFMFDUUIFFNBJMBDDPVOUZPVXBOUUPVTFUP
TFOEUIFXPSLTIFFU
 *OUIFFNBJMUIFGJMFJTBVUPNBUJDBMMZBQQFOEFEBTBOBUUBDINFOU
 &OUFSUIFSFDJQJFOUOBNFBOEDMJDL4FOE
.JDSPTPGU¡0GGJDF1PXFS1PJOU¡.PCJMF
.JDSPTPGU¡0GGJDF1PXFS1PJOU¡.PCJMFHJWFTWJFXJOHDBQBCJMJUJFTGPSZPVS
1PXFS1PJOUQSFTFOUBUJPOT
5PPQFO1PXFS1PJOU.PCJMF
r $MJDL4UBSU0GGJDF.PCJMF1PXFS1PJOU.PCJMF
5PPQFOBGJMF
 *O1PXFS1PJOU.PCJMFDMJDL.FOVBOEDIPPTFUIFMPDBUJPOXIFSFUIF
QQUGJMFJTTBWFE
 -PDBUFUIFGJMFZPVXBOUUPPQFOBOEDMJDL4FMFDU
5PHPUISPVHIUIFTMJEFTPGUIFQSFTFOUBUJPO
1SFTT/"7*("5*0/SJHIUUPHPGPSXBSEJOUIFQSFTFOUBUJPOQSFTT
/"7*("5*0/MFGUUPHPCBDLUPUIFQSFWJPVTBDUJPOPSTMJEFPGUIF
QSFTFOUBUJPO
:PVDBOBMTPHPUPBQBSUJDVMBSTMJEFJOZPVSQSFTFOUBUJPOCZQSFTTJOHUIF
SJHIU40'5,&:UPTIPXUIF.FOVBOEDMJDLJOH.FOV(PUP4MJEFUIFO
DIPPTJOHUIFTMJEFUPHPUP
6TJOH0UIFS"QQMJDBUJPOT
5PWJFXBDVTUPNTIPX
:PVDBOWJFXDVTUPNTIPXTUIBUZPVDSFBUFEPO.JDSPTPGU1PXFS1PJOUPO
ZPVSQIPOF
 1SFTTUIFSJHIU40'5,&:UPTIPX.FOV
 $MJDL.FOV$VTUPN4IPXBOEUIFOTFMFDUUIFDVTUPNTIPXZPV
XBOUUPWJFXPOUIFMJTU
5PTFU1PXFS1PJOU.PCJMFQSFGFSFODFT
 1SFTTUIFSJHIU40'5,&:UPTIPX.FOV
 $MJDL.FOV0QUJPOT
 4FUUIF0SJFOUBUJPOBOE1MBZCBDLPQUJPOTBOEDMJDL%POF
5PTIPXMJOLTJOBTMJEF
0OZPVSQIPOFZPVDBOTIPXBOEBDUJWBUFIZQFSMJOLTJOTMJEFTUIBUZPV
DSFBUFEPO.JDSPTPGU1PXFS1PJOU
 1SFTTUIFSJHIU40'5,&:UPTIPX.FOV
 $MJDL.FOV4IPX-JOLT
 1SFTT$&/5&30,UPBDUJWBUFUIFIZQFSMJOL*GUIFSFJTNPSFUIBO
POFIZQFSMJOLPOUIFTMJEFVTF/"7*("5*0/$0/530-UPTFMFDUUIF
IZQFSMJOLZPVXBOUUPBDUJWBUF
5PFOEUIFQSFTFOUBUJPO
r 1SFTTUIFMFGUSJHIU40'5,&:UPTIPX&OEBOEUIFODMJDL&OE
6TJOH0UIFS"QQMJDBUJPOT
"EPCF¡3FBEFS¡-&
"EPCF¡3FBEFS¡-&MFUTZPVWJFX1PSUBCMF%PDVNFOU'PSNBU1%'GJMFT
8IFOZPVPQFOBQBTTXPSEQSPUFDUFE1%'GJMFZPVXJMMCFQSPNQUFEUP
FOUFSUIFQBTTXPSECFGPSFUIFGJMFDBOCFPQFOFE
5PPQFOB1%'GJMFPOZPVSQIPOF
 $MJDL4UBSU"EPCF3FBEFS-&
 $MJDL0QFO
 #SPXTFUPBGPMEFSBOEDMJDLUIF1%'GJMFZPVXBOUUPPQFO
/PUF 5PPQFOBOPUIFS1%'GJMFDMJDL0QFO.FOV#SPXTF'PS'JMF:PVDBOBMTP
PQFOB1%'GJMFGSPN'JMF&YQMPSFSCZDMJDLJOHJU
5POBWJHBUFUISPVHIB1%'GJMF
:PVDBOEPBOZPGUIFGPMMPXJOH
r 6TFUIF/"7*("5*0/$0/530-UPTDSPMMUISPVHIUIFQBHFT
r $MJDL.FOV(P5PBOETFMFDUBOPQUJPOUPHPUPBTQFDJGJDQBHFJO
UIF1%'GJMF
8IJMFSFBEJOHB1%'GJMFDMJDL.FOVUPPQFOBMJTUPGPQUJPOTUIBUMFUTZPV
[PPNJOEJSFDUMZHPUPBCPPLNBSLGJOEUFYUJOUIFGJMFBOENPSF

6TJOH0UIFS"QQMJDBUJPOT
4QFFE%JBM
:PVDBODSFBUFTQFFEEJBMFOUSJFTGPSGSFRVFOUMZDBMMFEOVNCFSTPS
GSFRVFOUMZBDDFTTFEJUFNTTPZPVDBOEJBMBOVNCFSPSBDDFTTBOJUFNCZ
QSFTTJOHBTJOHMFLFZ
5PDSFBUFBTQFFEEJBMFOUSZGPSBDPOUBDU
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUBDPOUBDU
 1SFTT$&/5&30,UPWJFXUIFDPOUBDUEFUBJMT
 4FMFDUUIFEFTJSFEQIPOFOVNCFSBOEDMJDL.FOV"EEUP4QFFE
%JBM
 &OUFSBQQSPQSJBUFEFUBJMTJO/BNF7BMVFBOE,FZQBEBTTJHONFOU
 $MJDL%POF5PRVJUBUBOZUJNFEVSJOHUIJTQSPDFTTDMJDL.FOV
$BODFM
5PDSFBUFBTQFFEEJBMFOUSZGPSBOJUFN
 0OUIF)PNFTDSFFODMJDL4UBSUUIFODIPPTFKVTUIJHIMJHIUUIFJUFN
ZPVXBOU
 $MJDL.FOV"EE4QFFE%JBM
 &OUFSEFUBJMTJO/BNF7BMVFBOE,FZQBEBTTJHONFOU
 $MJDL%POF5PRVJUBUBOZUJNFEVSJOHUIJTQSPDFTTDMJDL.FOV
$BODFM
/PUF 5IFGJSTUTQFFEEJBMMPDBUJPOJTHFOFSBMMZSFTFSWFEGPSZPVSWPJDFNBJM4QFFE
%JBMVTFTUIFOFYUBWBJMBCMFMPDBUJPOCZEFGBVMU*GZPVXBOUUPQMBDFB
OVNCFSJOBMPDBUJPOUIBUJTBMSFBEZVTFEUIFOFXOVNCFSSFQMBDFTUIF
FYJTUJOHOVNCFS
5PSFUSJFWFBWPJDFNBJMNFTTBHF
r 0OUIF)PNFTDSFFOQSFTTBOEIPMEUPBDDFTTZPVSWPJDFNBJMCPY
BOEGPMMPXUIFQSPNQUTUPSFUSJFWFZPVSNFTTBHFT
6TJOH0UIFS"QQMJDBUJPOT
5PNBLFBDBMMPSMBVODIBQSPHSBNVTJOH4QFFE%JBM
r *GZPVIBWFBTTJHOFEBTQFFEEJBMGPSFYBNQMFUIFTFDPOEMPDBUJPOUP
BDPOUBDUPSBQSPHSBNJO4QFFE%JBMZPVDBOTJNQMZQSFTTBOEIPME
UIFLFZPOUIFQIPOFLFZQBEUPEJBMUIFDPOUBDUTOVNCFSPSPQFO
UIFQSPHSBN
5PEFMFUFBTQFFEEJBMFOUSZ
 0OUIF)PNFTDSFFODMJDL4UBSU4QFFE%JBM
 4FMFDUUIFEFTJSFEFOUSZBOEDMJDL.FOV%FMFUF
7PJDF4QFFE%JBM
:PVDBOSFDPSEBWPJDFUBHGPSBQIPOFOVNCFSFNBJMBEESFTTPS8FC
QBHFBEESFTTUIBUJTTUPSFEPOZPVSQIPOF5IFOXIFOZPVTBZUIFWPJDF
UBHVTJOH7PJDF4QFFE%JBMZPVSQIPOFBVUPNBUJDBMMZEJBMTUIFBTTPDJBUFE
QIPOFOVNCFSPQFOTBOFNBJMNFTTBHFVTJOHUIFBTTPDJBUFEBEESFTTPS
HPFTUPUIFBTTPDJBUFE8FCQBHF
5PDSFBUFBWPJDFUBHGPSBQIPOFOVNCFSFNBJMBEESFTTPS63-JO$POUBDUT
 0OUIF)PNFTDSFFODMJDL4UBSU$POUBDUT
 4FMFDUUIFEFTJSFEDPOUBDUBOEQSFTT$&/5&30,UPPQFOUIFDPOUBDU
DBSE
 4FMFDUUIFJUFNUPXIJDIZPVXBOUUPBTTJHOBWPJDFUBH
 $MJDL.FOV"EE7PJDF5BH
 "GUFSBiCFFQuTPVOECFHJOSFDPSEJOHUIFWPJDFUBHQSFGFSBCMZPOF
FBTZUPSFDPHOJ[FXPSE
 8IFOUIFWPJDFUBHJTTVDDFTTGVMMZUSBJOFEUIFQIPOFXJMMQMBZCBDL
UIFWPJDFUBH$MJDL0,
 &OUFSBQQSPQSJBUFEFUBJMTJO/BNF7BMVFBOE,FZQBEBTTJHONFOU
 $MJDL%POFUPTBWFUIFOFXWPJDFUBH5PRVJUBUBOZUJNFEVSJOHUIJT
QSPDFTTDMJDL.FOV$BODFM
6TJOH0UIFS"QQMJDBUJPOT
5PDSFBUFBWPJDFUBHGPSBQSPHSBN
5PDSFBUFBWPJDFUBHGPSBQSPHSBNGPSFYBNQMF$BNFSBEPUIFGPMMPXJOH
 0OUIF)PNFTDSFFODMJDL4UBSU$BNFSB%POPUQSFTT$&/5&30,
XIFO$BNFSBJTTFMFDUFE
 $MJDL.FOV"EE7PJDF5BH
 "GUFSUIFNFTTBHFCFFQTBZi$BNFSBu
 8IFOUIFWPJDFUBHJTTVDDFTTGVMMZUSBJOFEUIFQIPOFXJMMQMBZCBDL
UIFWPJDFUBH$MJDL0,
 &OUFSBQQSPQSJBUFEFUBJMTJO/BNF7BMVFBOE,FZQBEBTTJHONFOU
$MJDL%POFUPTBWFUIFOFXWPJDFUBH5PRVJUBUBOZUJNFEVSJOHUIJT
QSPDFTTDMJDL.FOV$BODFM
5PNBLFBDBMMPSMBVODIBQSPHSBNVTJOHUIFWPJDFUBH
 1SFTTBOEIPMEUIF7PMVNF6QCVUUPO7PJDF5BHPOUIFMFGUTJEFPG
UIFQIPOF
 "GUFSBiCFFQuTPVOETBZUIFSFDPSEFEWPJDFUBHUIBUZPVIBWF
BTTJHOFEUPUIFQIPOFOVNCFSZPVXBOUUPDBMMPSUIFQSPHSBNZPV
XBOUUPMBVODI5IFQIPOFQMBZTCBDLUIFWPJDFUBHBOEUIFOEJBMTUIF
OVNCFSPSMBVODIFTUIFBTTPDJBUFEQSPHSBN
5JQ *GUIFQIPOFDBOOPUSFDPHOJ[FZPVSWPJDFUBHQMFBTFUSZBHBJOBOETQFBL
DMFBSMZBOESFEVDFUIFTVSSPVOEJOHOPJTF
5PEFMFUFBOEQMBZWPJDFUBHT
 0OUIF)PNFTDSFFODMJDL4UBSU4QFFE%JBM
 $MJDLUIFEFTJSFEWPJDFUBHGSPNUIFMJTU
 %PBOZPGUIFGPMMPXJOH
r 5PQMBZCBDLBOFYJTUJOHWPJDFUBHBUBOZUJNFDMJDL.FOV1MBZ
7PJDF5BH
r 5PEFMFUFUIFWPJDFUBHDMJDL.FOV%FMFUF7PJDF5BH
"QQFOEJY
"3FHVMBUPSZ/PUJDFT
"4QFDJGJDBUJPOT
"QQFOEJY
"3FHVMBUPSZ/PUJDFT
3FHVMBUPSZ"HFODZ*EFOUJGJDBUJPOT
'PSSFHVMBUPSZJEFOUJGJDBUJPOQVSQPTFTZPVSQSPEVDUJTBTTJHOFEBNPEFM
OVNCFSPG8*/(
5PFOTVSFDPOUJOVFESFMJBCMFBOETBGFPQFSBUJPOPGZPVSEFWJDFVTFPOMZUIF
BDDFTTPSJFTMJTUFECFMPXXJUIZPVS8*/(
5IF#BUUFSZ1BDLIBTCFFOBTTJHOFEBNPEFMOVNCFSPG-*#3
8*/(
5IJTQSPEVDUJTJOUFOEFEGPSVTFXJUIBDFSUJGJFE$MBTT-JNJUFE1PXFS
4PVSDFSBUFE7PMUT%$NBYJNVN"NQQPXFSTVQQMZVOJU
&VSPQFBO6OJPO/PUJDF
1SPEVDUTXJUI$&NBSLJOHDPNQMZXJUIUIF355&%JSFDUJWF&$UIF
&.$%JSFDUJWF&&$BOEUIF-PX7PMUBHF%JSFDUJWF&&$
JTTVFECZUIF$PNNJTTJPOPGUIF&VSPQFBO$PNNVOJUZ
$PNQMJBODFXJUIUIFTFEJSFDUJWFTJNQMJFTDPOGPSNJUZUPUIFGPMMPXJOH
&VSPQFBO/PSNTJOQBSFOUIFTFTBSFUIFFRVJWBMFOUJOUFSOBUJPOBM
TUBOEBSET
r &/*&$
4BGFUZPG*OGPSNBUJPO5FDIOPMPHZ&RVJQNFOU
r&54*&/
(MPCBMTZTUFNGPSNPCJMFDPNNVOJDBUJPOT(4.)BSNPOJ[FE&/
GPSNPCJMFTUBUJPOTJOUIF(4.BOE(4.CBOETDPWFSJOH
FTTFOUJBMSFRVJSFNFOUTPGBSUJDMFPGUIF355&EJSFDUJWF
&$
r&54*&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOE3BEJPTQFDUSVN.BUUFST&3.
&MFDUSP.BHOFUJD$PNQBUJCJMJUZ&.$TUBOEBSEGPSSBEJPFRVJQNFOU
BOETFSWJDFT1BSU$PNNPOUFDIOJDBMSFRVJSFNFOUT
r&54*&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOE3BEJPTQFDUSVN.BUUFST&3.
&MFDUSP.BHOFUJD$PNQBUJCJMJUZ&.$TUBOEBSEGPSSBEJPFRVJQNFOU
BOETFSWJDFT1BSU4QFDJGJDDPOEJUJPOTGPSNPCJMFBOEQPSUBCMFSBEJP
BOEBODJMMBSZFRVJQNFOUPGEJHJUBMDFMMVMBSSBEJPUFMFDPNNVOJDBUJPOT
TZTUFNT(4.BOE%$4
"QQFOEJY
r&54*&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOE3BEJPTQFDUSVN.BUUFST&3.
&MFDUSP.BHOFUJD$PNQBUJCJMJUZ&.$TUBOEBSEGPSSBEJPFRVJQNFOU
BOETFSWJDFT1BSU4QFDJGJDDPOEJUJPOTGPS()[XJEFCBOE
USBOTNJTTJPOTZTUFNTBOE()[IJHIQFSGPSNBODF3-"/FRVJQNFOU
r&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOESBEJPTQFDUSVNNBUUFST&3.
&MFDUSPNBHOFUJDDPNQBUJCJMJUZ&.$TUBOEBSEGPSSBEJPFRVJQNFOU
BOETFSWJDFT1BSU4QFDJGJDDPOEJUJPOTGPS*.5$%."EJSFDU
TQSFBE653"GPSNPCJMFBOEQPSUBCMF6&SBEJPBOEBODJMMBSZ
FRVJQNFOU
r&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOESBEJPTQFDUSVNNBUUFST&3.
#BTFTUBUJPOT#4BOEVTFSFRVJQNFOU6&GPS*.5UIJSE
HFOFSBUJPODFMMVMBSOFUXPSLT
r&54*&/
&MFDUSPNBHOFUJDDPNQBUJCJMJUZBOE3BEJPTQFDUSVN.BUUFST&3.
8JEFCBOE5SBOTNJTTJPOTZTUFNTEBUBUSBOTNJTTJPOFRVJQNFOU
PQFSBUJOHJOUIF()[*4.CBOEBOEVTJOHTQSFBETQFDUSVN
NPEVMBUJPOUFDIOJRVFT
r&/
1SPEVDUTUBOEBSEUPEFNPOTUSBUFUIFDPNQMJBODFPGNPCJMF
QIPOFTXJUIUIFCBTJDSFTUSJDUJPOTSFMBUFEUPIVNBOFYQPTVSFUP
FMFDUSPNBHOFUJDGJFMET.)[()[
r&/
(FOFSJDTUBOEBSEUPEFNPOTUSBUFUIFDPNQMJBODFPGMPXQPXFS
FMFDUSPOJDBOEFMFDUSJDBMBQQBSBUVTXJUIUIFCBTJDSFTUSJDUJPOTSFMBUFE
UPIVNBOFYQPTVSFUPFMFDUSPNBHOFUJDGJFMET.)[()[
(FOFSBMQVCMJD
"QQFOEJY
5IJTFRVJQNFOUNBZCFPQFSBUFEJO
"5 #& #( $) $: $; %& %,
&& &4 '* '3 (# (3 )6 *&
*5 *4 -* -5 -6 -7 .5 /-
/0 1- 15 30 4& 4* 4, 53
'FEFSBM$PNNVOJDBUJPOT$PNNJTTJPO/PUJDF
5IJTEFWJDFDPNQMJFTXJUIQBSUPGUIF'$$3VMFT0QFSBUJPOJTTVCKFDU
UPUIFGPMMPXJOHUXPDPOEJUJPOT5IJTEFWJDFNBZOPUDBVTFIBSNGVM
JOUFSGFSFODFBOEUIJTEFWJDFNVTUBDDFQUBOZJOUFSGFSFODFSFDFJWFE
JODMVEJOHJOUFSGFSFODFUIBUNBZDBVTFVOEFTJSFEPQFSBUJPO
5IJTFRVJQNFOUIBTCFFOUFTUFEBOEGPVOEUPDPNQMZXJUIUIFMJNJUTGPSB
$MBTT#EJHJUBMEFWJDFQVSTVBOUUP1BSUPGUIF'$$3VMFT5IFTFMJNJUTBSF
EFTJHOFEUPQSPWJEFSFBTPOBCMFQSPUFDUJPOBHBJOTUIBSNGVMJOUFSGFSFODFJO
BSFTJEFOUJBMJOTUBMMBUJPO5IJTFRVJQNFOUHFOFSBUFTVTFTBOEDBOSBEJBUF
SBEJPGSFRVFODZFOFSHZBOEJGOPUJOTUBMMFEBOEVTFEJOBDDPSEBODFXJUI
UIFJOTUSVDUJPOTNBZDBVTFIBSNGVMJOUFSGFSFODFUPSBEJPDPNNVOJDBUJPOT
)PXFWFSUIFSFJTOPHVBSBOUFFUIBUJOUFSGFSFODFXJMMOPUPDDVSJOB
QBSUJDVMBSJOTUBMMBUJPO*GUIJTFRVJQNFOUEPFTDBVTFIBSNGVMJOUFSGFSFODFUP
SBEJPPS57SFDFQUJPOXIJDIDBOCFEFUFSNJOFECZUVSOJOHUIFFRVJQNFOU
POBOEPGGUIFVTFSJTFODPVSBHFEUPUSZUPDPSSFDUUIFJOUFSGFSFODFCZPOF
PSNPSFPGUIFGPMMPXJOHNFBTVSFT
r3FPSJFOUPSSFMPDBUFUIFSFDFJWJOHBOUFOOB
r*ODSFBTFUIFTFQBSBUJPOCFUXFFOUIFFRVJQNFOUBOESFDFJWFS
r$POOFDUUIFFRVJQNFOUJOUPBOPVUMFUPOBDJSDVJUEJíFSFOUGSPNUIBU
UPXIJDIUIFSFDFJWFSJTDPOOFDUFE
r$POTVMUUIFEFBMFSPSBOFYQFSJFODFESBEJPPSUFMFWJTJPOUFDIOJDJBOGPS
IFMQ
.PEJGJDBUJPOT
5IF'$$SFRVJSFTUIFVTFSUPCFOPUJGJFEUIBUBOZDIBOHFTPSNPEJGJDBUJPOT
NBEFUPUIFEFWJDFUIBUBSFOPUFYQSFTTMZBQQSPWFECZ)JHI5FDI$PNQVUFS
$PSQPSBUJPONBZWPJEUIFVTFSTBVUIPSJUZUPPQFSBUFUIFFRVJQNFOU
"QQFOEJY
4BGFUZQSFDBVUJPOTGPS3'FYQPTVSF
r6TFPOMZPSJHJOBMNBOVGBDUVSFSBQQSPWFEBDDFTTPSJFTPSBDDFTTPSJFT
UIBUEPOPUDPOUBJOBOZNFUBM
r6TFPGOPOPSJHJOBMNBOVGBDUVSFSBQQSPWFEBDDFTTPSJFTNBZWJPMBUF
ZPVSMPDBM3'FYQPTVSFHVJEFMJOFTBOETIPVMECFBWPJEFE
&YQPTVSFUP3BEJP'SFRVFODZ3'4JHOBMT
:PVSEFWJDFDPOUBJOTBSBEJPUSBOTNJUUFSBOESFDFJWFS5IFSBEJBUFEPVUQVU
QPXFSJTGBSCFMPXUIFJOUFSOBUJPOBMSBEJPGSFRVFODZFYQPTVSFMJNJUT5IFTF
MJNJUTBSFQBSUPGDPNQSFIFOTJWFHVJEFMJOFTBOEFTUBCMJTIQFSNJUUFEMFWFMT
PG3'FOFSHZGPSUIFHFOFSBMQPQVMBUJPO5IFHVJEFMJOFTBSFCBTFEPOUIF
TBGFUZTUBOEBSETQSFWJPVTMZTFUCZJOUFSOBUJPOBMTUBOEBSETCPEJFT
r"NFSJDBO/BUJPOBM4UBOEBSET*OTUJUVUF"/4**&&&$
r/BUJPOBM$PVODJMPO3BEJBUJPO1SPUFDUJPOBOE.FBTVSFNFOU/$31
3FQPSU
r*OUFSOBUJPOBM$PNNJTTJPOPO/PO*POJ[JOH3BEJBUJPO1SPUFDUJPO
*$/*31
r.JOJTUSZPG)FBMUI$BOBEB4BGFUZ$PEF5IFTUBOEBSETJODMVEFB
TVCTUBOUJBMTBGFUZNBSHJOEFTJHOFEUPBTTVSFUIFTBGFUZPGBMMQFSTPOT
SFHBSEMFTTPGBHFBOEIFBMUI
5IFFYQPTVSFTUBOEBSEGPSXJSFMFTTNPCJMFQIPOFTFNQMPZTBVOJUPG
NFBTVSFNFOULOPXOBTUIF4QFDJGJD"CTPSQUJPO3BUFPS4"35IFTUBOEBSE
JODPSQPSBUFTBTVCTUBOUJBMNBSHJOPGTBGFUZUPHJWFBEEJUJPOBMQSPUFDUJPOGPS
UIFQVCMJDBOEUPBDDPVOUGPSBOZWBSJBUJPOTJOVTBHF
"TXJUIPUIFSNPCJMFSBEJPUSBOTNJUUJOHFRVJQNFOUVTFSTBSFBEWJTFEUIBU
GPSTBUJTGBDUPSZPQFSBUJPOPGUIFFRVJQNFOUBOEGPSUIFTBGFUZPGQFSTPOOFM
JUJTSFDPNNFOEFEUIBUOPQBSUPGUIFIVNBOCPEZCFBMMPXFEUPDPNFUPP
DMPTFUPUIFBOUFOOBEVSJOHPQFSBUJPOPGUIFFRVJQNFOU
:PVSEFWJDFIBTBOJOUFSOBMBOUFOOB6TFPOMZUIFTVQQMJFEJOUFHSBMBOUFOOB
6TFPGVOBVUIPSJ[FEPSNPEJGJFEBOUFOOBTNBZJNQBJSDBMMRVBMJUZBOE
EBNBHFUIFQIPOFDBVTJOHMPTTPGQFSGPSNBODFBOE4"3MFWFMTFYDFFEJOH
UIFSFDPNNFOEFEMJNJUTBTXFMMBTSFTVMUJOOPODPNQMJBODFXJUIMPDBM
SFHVMBUPSZSFRVJSFNFOUTJOZPVSDPVOUSZ
"QQFOEJY
5PBTTVSFPQUJNBMQIPOFQFSGPSNBODFBOEFOTVSFIVNBOFYQPTVSFUP
3'FOFSHZJTXJUIJOUIFHVJEFMJOFTTFUGPSUIJOUIFSFMFWBOUTUBOEBSET
BMXBZTVTFZPVSEFWJDFPOMZJOJUTOPSNBMVTFQPTJUJPO%POPUUPVDIPS
IPMEUIFBOUFOOBBSFBVOOFDFTTBSJMZXIFOQMBDJOHPSSFDFJWJOHBQIPOF
DBMM$POUBDUXJUIUIFBOUFOOBBSFBNBZJNQBJSDBMMRVBMJUZBOEDBVTFZPVS
EFWJDFUPPQFSBUFBUBIJHIFSQPXFSMFWFMUIBOOFFEFE"WPJEJOHDPOUBDU
XJUIUIFBOUFOOBBSFBXIFOUIFQIPOFJT*/64&PQUJNJ[FTUIFBOUFOOB
QFSGPSNBODFBOEUIFCBUUFSZMJGF
5FTUTGPS4"3BSFDPOEVDUFEVTJOHTUBOEBSEPQFSBUJOHQPTJUJPOTTQFDJGJFECZ
UIF'$$XJUIUIFQIPOFUSBOTNJUUJOHBUJUTIJHIFTUDFSUJGJFEQPXFSMFWFMJO
BMMUFTUFEGSFRVFODZCBOET"MUIPVHIUIF4"3JTEFUFSNJOFEBUUIFIJHIFTU
DFSUJGJFEQPXFSMFWFMUIFBDUVBM4"3MFWFMPGUIFQIPOFXIJMFPQFSBUJPODBO
CFXFMMCFMPXUIFNBYJNVNWBMVF5IJTJTCFDBVTFUIFQIPOFJTEFTJHOFE
UPPQFSBUFBUNVMUJQMFQPXFSMFWFMTTPBTUPVTFPOMZUIFQPXFSSFRVJSFEUP
SFBDIUIFOFUXPSL*OHFOFSBMUIFDMPTFSZPVBSFUPBXJSFMFTTCBTFTUBUJPO
BOUFOOBUIFMPXFSUIFQPXFSPVUQVU#FGPSFBQIPOFNPEFMJTBWBJMBCMF
GPSTBMFUPUIFQVCMJDJUNVTUCFUFTUFEBOEDFSUJGJFEUPUIF'$$UIBUJUEPFT
OPUFYDFFEUIFMJNJUFTUBCMJTIFECZUIFHPWFSONFOUBEPQUFESFRVJSFNFOU
GPSTBGFFYQPTVSF5IFUFTUTBSFQFSGPSNFEJOQPTJUJPOTBOEMPDBUJPOTGPS
FYBNQMFBUUIFFBSBOEXPSOPOUIFCPEZBTSFRVJSFECZUIF'$$GPSFBDI
NPEFM'PSCPEZXPSOPQFSBUJPOUIJTQIPOFIBTCFFOUFTUFEBOENFFUT
'$$3'FYQPTVSFHVJEFMJOFTXIFOVTFEXJUIBOBDDFTTPSZUIBUDPOUBJOTOP
NFUBMBOEUIBUQPTJUJPOTUIFIBOETFUBNJOJNVNPGDNGSPNUIFCPEZ
8IFODBSSZJOHUIFQIPOFXIJMFJUJTPOVTFPOMZUIFPSJHJOBMNBOVGBDUVSFS
BQQSPWFEBDDFTTPSJFT6TFPGPUIFSBDDFTTPSJFTNBZOPUFOTVSFDPNQMJBODF
XJUI'$$3'FYQPTVSFHVJEFMJOFT
4"3*OGPSNBUJPO
r'$$8LH!H)FBE
8LH!H#PEZ
r$&8LH!H
"QQFOEJY
5FMFDPNNVOJDBUJPOT*OUFSOFU"TTPDJBUJPO5*"TBGFUZ
JOGPSNBUJPO
1BDFNBLFST
5IF)FBMUI*OEVTUSZ.BOVGBDUVSFST"TTPDJBUJPOSFDPNNFOETUIBUB
NJOJNVNTFQBSBUJPOPGTJYJODIFTCFNBJOUBJOFECFUXFFOBIBOEIFME
XJSFMFTTQIPOFBOEBQBDFNBLFSUPBWPJEQPUFOUJBMJOUFSGFSFODFXJUIUIF
QBDFNBLFS5IFTFSFDPNNFOEBUJPOTBSFDPOTJTUFOUXJUIUIFJOEFQFOEFOU
SFTFBSDICZBOESFDPNNFOEBUJPOTPG8JSFMFTT5FDIOPMPHZ3FTFBSDI
1FSTPOTXJUIQBDFNBLFST
r4IPVME"-8":4LFFQUIFQIPOFNPSFUIBOTJYJODIFTGSPNUIFJS
QBDFNBLFSXIFOUIFQIPOFJTUVSOFE0/
r 4IPVMEOPUDBSSZUIFQIPOFJOBCSFBTUQPDLFU
r 4IPVMEVTFUIFFBSPQQPTJUFUIFQBDFNBLFSUPNJOJNJ[FUIFQPUFOUJBM
GPSJOUFSGFSFODF*GZPVIBWFBOZSFBTPOUPTVTQFDUUIBUJOUFSGFSFODFJT
UBLJOHQMBDFUVSOZPVSQIPOF0''JNNFEJBUFMZ
)FBSJOH"JET
4PNFEJHJUBMXJSFMFTTQIPOFTNBZJOUFSGFSFXJUITPNFIFBSJOHBJET*OUIF
FWFOUPGTVDIJOUFSGFSFODFZPVNBZXBOUUPDPOTVMUZPVSTFSWJDFQSPWJEFS
PSDBMMUIFDVTUPNFSTFSWJDFMJOFUPEJTDVTTBMUFSOBUJWFT
0UIFS.FEJDBM%FWJDFT
*GZPVVTFBOZPUIFSQFSTPOBMNFEJDBMEFWJDFDPOTVMUUIFNBOVGBDUVSFS
PGZPVSEFWJDFUPEFUFSNJOFJGUIFZBSFBEFRVBUFMZTIJFMEFEGSPNFYUFSOBM
3'FOFSHZ:PVSQIZTJDJBONBZCFBCMFUPBTTJTUZPVJOPCUBJOJOHUIJT
JOGPSNBUJPO
5VSOZPVSQIPOF0''JOIFBMUIDBSFGBDJMJUJFTXIFOBOZSFHVMBUJPOTQPTUFE
JOUIFTFBSFBTJOTUSVDUZPVUPEPTP)PTQJUBMTPSIFBMUIDBSFGBDJMJUJFTNBZCF
VTJOHFRVJQNFOUUIBUDPVMECFTFOTJUJWFUPFYUFSOBM3'FOFSHZ
0UIFSUJQTBOEDBVUJPOT
r "WPJEVTJOHZPVSQIPOFOFBSNFUBMTUSVDUVSFTGPSFYBNQMFUIFTUFFM
GSBNFPGBCVJMEJOH
r "WPJEVTJOHZPVSQIPOFOFBSTUSPOHFMFDUSPNBHOFUJDTPVSDFTTVDIBT
NJDSPXBWFPWFOTTPVOETQFBLFST57BOESBEJP
r "WPJEVTJOHZPVSQIPOFBGUFSBESBNBUJDDIBOHFJOUFNQFSBUVSF
"QQFOEJY
8&&&/PUJDF
5IF%JSFDUJWFPO8BTUF&MFDUSJDBMBOE&MFDUSPOJD&RVJQNFOU8&&&XIJDI
FOUFSFEJOUPGPSDFBT&VSPQFBOMBXPOUI'FCSVBSZSFTVMUFEJOB
NBKPSDIBOHFJOUIFUSFBUNFOUPGFMFDUSJDBMFRVJQNFOUBUFOEPGMJGF
5IFQVSQPTFPGUIJT%JSFDUJWFJTBTBGJSTUQSJPSJUZUIFQSFWFOUJPOPG8&&&
BOEJOBEEJUJPOUPQSPNPUFUIFSFVTFSFDZDMJOHBOEPUIFSGPSNTPGSFDPWFSZ
PGTVDIXBTUFTTPBTUPSFEVDFEJTQPTBM
5IF8&&&MPHPPOUIFQSPEVDUPSPOJUTCPYJOEJDBUFTUIBUUIJTQSPEVDU
NVTUOPUCFEJTQPTFEPGPSEVNQFEXJUIZPVSPUIFSIPVTFIPMEXBTUF:PV
BSFMJBCMFUPEJTQPTFPGBMMZPVSFMFDUSPOJDPSFMFDUSJDBMXBTUFFRVJQNFOU
CZSFMPDBUJOHPWFSUPUIFTQFDJGJFEDPMMFDUJPOQPJOUGPSSFDZDMJOHPGTVDI
IB[BSEPVTXBTUF*TPMBUFEDPMMFDUJPOBOEQSPQFSSFDPWFSZPGZPVSFMFDUSPOJD
BOEFMFDUSJDBMXBTUFFRVJQNFOUBUUIFUJNFPGEJTQPTBMXJMMBMMPXVTUPIFMQ
DPOTFSWJOHOBUVSBMSFTPVSDFT.PSFPWFSQSPQFSSFDZDMJOHPGUIFFMFDUSPOJD
BOEFMFDUSJDBMXBTUFFRVJQNFOUXJMMFOTVSFTBGFUZPGIVNBOIFBMUIBOE
FOWJSPONFOU'PSNPSFJOGPSNBUJPOBCPVUFMFDUSPOJDBOEFMFDUSJDBMXBTUF
FRVJQNFOUEJTQPTBMSFDPWFSZBOEDPMMFDUJPOQPJOUTQMFBTFDPOUBDUZPVS
MPDBMDJUZDFOUSFIPVTFIPMEXBTUFEJTQPTBMTFSWJDFTIPQGSPNXIFSFZPV
QVSDIBTFEUIFFRVJQNFOUPSNBOVGBDUVSFSPGUIFFRVJQNFOU
3P)4$PNQMJBODF
5IJTQSPEVDUJTJODPNQMJBODFXJUI%JSFDUJWF&$PGUIF&VSPQFBO
1BSMJBNFOUBOEPGUIF$PVODJMPG+BOVBSZPOUIFSFTUSJDUJPOPGUIF
VTFPGDFSUBJOIB[BSEPVTTVCTUBODFTJOFMFDUSJDBMBOEFMFDUSPOJDFRVJQNFOU
3P)4BOEJUTBNFOENFOUT
"QQFOEJY
"4QFDJGJDBUJPOT
4ZTUFNJOGPSNBUJPO
1SPDFTTPS$IJQTFU r2VBMDPNN¡.4..)[
.FNPSZ r30./BOE'MBTI.#
r3"..#4%3".
'JHVSFTBSFUIFUPUBM30.BOE3".NFNPSZBWBJMBCMFGPSVTFBOE
TUPSBHF4JODFUIFNFNPSZJTTIBSFECZUIF0QFSBUJOH4ZTUFN
BQQMJDBUJPOTBOEEBUBUIFBDUVBMBWBJMBCMFNFNPSZJTMFTTUIBOXIBU
JTXSJUUFO
0QFSBUJOHTZTUFN .JDSPTPGU¡8JOEPXT.PCJMF¡4UBOEBSE
%JTQMBZ
5ZQF u5SBOTNJTTJWF-$%XJUIXIJUF-&%CBDLMJHIU
3FTPMVUJPO YEPUTSFTPMVUJPOBU,$PMPST-BOETDBQFWJFX
0SJFOUBUJPO 1PSUSBJUBOE-BOETDBQF,FZCPBSEPQFO
)4%1"6.54(4.(134&%(&.PEVMF
)4%1"6.54 .)[
(4.(134&%(& 5SJCBOE
$BNFSBNPEVMF
5ZQF .BJODBNFSB.FHBQJYFMT$.04
4FDPOEDBNFSB7("DBNFSB
3FTPMVUJPO 69("Y49("Y7("Y
27("Y227("Y
%JHJUBM;PPN 6QUP9
$POOFDUJPO
*0QPSU )5$&YU64#BOQJONJOJ64#BOEBVEJPKBDLJOPOF
&YU64#JTBQSPQSJFUBSZDPOOFDUJPOJOUFSGBDFUIBUJT
USBEFNBSLFECZ)5$
#MVFUPPUI 7XJUI&%3$MBTTUSBOTNJUQPXFS
8J'J *&&&CHDPNQMJBOU*OUFSOBM8-"/BOUFOOB
"QQFOEJY
"VEJP
.JDSPQIPOFTQFBLFS
#VJMUJONJDSPQIPOFBOEMPVETQFBLFSGPSIBOETGSFF
TVQQPSU
)FBEQIPOF .1""$""$8."8"7".3DPEFD
1IZTJDBM
%JNFOTJPO NN-YNN8YNN5
8FJHIU HXJUICBUUFSZQBDL
$POUSPMTBOEMJHIUT
/BWJHBUJPO XBZ/BWJHBUJPO1BE$&/5&30,CVUUPO
#VUUPOT r1PXFSPOPGG
r-FGUBOE3JHIU4PGULFZT
r)PNFTDSFFO
r#BDL
r5BMLTUBSUDBMMBOTXFSDBMM
r&OEDBMM-PDLLFZQBE
rLFZT28&35:LFZCPBSE
rCVUUPOTLFZQBE
r7PMVNFCVUUPOT
r$BNFSB
r$PNNNBOBHFS
-JHIUT r&WFOUOPUJGJDBUJPO
r$IBSHFTUBUVT
r(4.(134TJHOBMT
r#MVFUPPUI8J'JDPOOFDUJPO
&YQBOTJPOTMPU
NJDSP4%TMPU NJDSP4%NFNPSZDBSE4%DPNQBUJCMF
1PXFSTVQQMZ
#BUUFSZ N"I-J*PO1PMZNFSSFNPWBCMFSFDIBSHFBCMFCBUUFSZ
5BMLUJNF 6QUPNJOVUFT(4.VQUPNJOVUFT6.54
4UBOECZ 6QUPIPVST(4.VQUPIPVST6.54
"$BEBQUFS r"$JOQVUGSFRVFODZ_"$)[
r%$PVUQVU7BOE"
4VCKFDUUPOFUXPSLBOEQIPOFVTBHF
*OEFY
*OEFY
"
"DDFTTJCJMJUZTFUUJOHT
DPOñSNBUJPOUJNFPVU
JODBMMBMFSUWPMVNF
NVMUJQSFTTUJNFPVU
TZTUFNGPOUTJ[F
"DUJWF4ZOD
PWFSWJFX
TZODISPOJ[F
"EEBOESFNPWFQSPHSBNT
"EEBUUBDINFOUUPNFTTBHF
"EPCF3FBEFS
"MBSN
"MBSNTFUUJOHT
"MFSUT
"OTXFSFOEDBMM
"UUBDINFOUT
"VEJP.BOBHFS
#
#BDLVQGJMFT
#BUUFSZ
CBUUFSZJOGPSNBUJPO
CBUUFSZNBOBHFNFOU
MPXCBUUFSZ
#FBNWJB#MVFUPPUI
#MVFUPPUI
CFBNJOH
#MVFUPPUINPEFN
IBOETGSFFIFBETFU
NPEFT
PWFSWJFX
QBSUOFSTIJQT
TUFSFPIFBETFU
TZODISPOJ[F
WJTJCMF
#MVFUPPUI&YQMPSFS
#SPXTJOHUIF8FC
$
$BMDVMBUPS
$BMFOEBS
$BMM)JTUPSZ
$BNFSB
JDPOTBOEJOEJDBUPST
PWFSWJFX
[PPN
$BNFSBTFUUJOHT
$BQUVSFGPSNBUT
$BQUVSFNPEFT
$IFDLCBUUFSZQPXFS
$MFBS4UPSBHF
$MPTFSVOOJOHQSPHSBNT
$PNN.BOBHFS
$PNQBOZ%JSFDUPSZ
$PNQPTF..4NFTTBHF
$PNQPTFUFYUNFTTBHF
$POGFSFODFDBMM
$POGJSNBUJPOUJNFPVU
$POOFDUJOHUP8J'J/FUXPSL
$POOFDUQIPOFUP*OUFSOFU
%JBMVQ
8J'J
$POOFDUQIPOFUPQSJWBUFOFUXPSL

$POUBDUT
#FBNDPOUBDUJOGPSNBUJPO
$BMMBDPOUBDU
$SFBUFBOFXDPOUBDU
'JOEBDPOUBDU
4FOEDPOUBDUJOGPSNBUJPOWJBBUFYU
NFTTBHF
*OEFY
4FOEDPOUBDUJOGPSNBUJPOWJB..4

7JFXBOEFEJUBDPOUBDU
$POUBDUTQJDUVSFDBQUVSFNPEF
$PQZ
DPOUBDUTUP4*.64*.DBSE
ñMFTCFUXFFOQIPOFBOE1$
NFEJBñMFTGSPN1$UPQIPOF
QJDUVSFTBOEWJEFPT
4*.DPOUBDUTUPQIPOF
TPVOEñMFUPQIPOF
$VSSFODZTFUUJOH
$VTUPNJ[F)PNFTDSFFO
%
%BUFTFUUJOH
%FWJDFMPDL
%JBMVQDPOOFDUJPO
%JHJUBMMZTJHONFTTBHFT
%JHJUBM3JHIUT.BOBHFNFOU%3.
%JHJUBMTJHOBUVSF
%JSFDU1VTI
&
&NBJM
0VUMPPL
101*."1
TFDVSJUZ
&NFSHFODZDBMM
&ODSZQUNFTTBHFT
&OUFSUFYUBOEOVNCFST
&SSPSSFQPSUJOH
&WFOUOPUJGJDBUJPO
&YDIBOHF4FSWFS
&YDMVEFFNBJMBEESFTTXIFOSFQMZJOH
UPBMM
'
'FUDI.BJM
'JMF&YQMPSFS
'JMUFSFNBJM
'JOEDPOUBDUTPOMJOF
'MBHZPVSNFTTBHFT
'MJHIUNPEF
'POUTJ[FEJTQMBZ
'PSXBSENFTTBHF
(
(BNFT
(134
)
)PNFTDSFFO
DIBOHFCBDLHSPVOE
DVTUPNJ[F
PWFSWJFX
*
*."1
*ODBMMBMFSUWPMVNF
*OTFSUBMPOHQBVTFJOEJBMJOHTFRVFODF

*OTFSUQBVTFJOEJBMJOHTFRVFODF
*OTFSU4*.64*.$BSE
*OTUBMMNJDSP4%$BSE
*OTUBMM.JDSPTPGU"DUJWF4ZOD
*OTUBMM.*%MFUT
GSPN*OUFSOFU
GSPN1$
MPDBMMZ
*OUFSOBUJPOBMDBMM
*OEFY
*OUFSOFU
*OUFSOFU&YQMPSFS.PCJMF
*OUFSOFU4IBSJOH
-
-BOHVBHFMPDBMFTFUUJOH
-&%JOEJDBUPSMJHIUT
-JDFOTFEBOEQSPUFDUFENFEJB
-PDL
LFZCPBSE
QIPOF
.
.BLFDBMM
GSPN$BMM)JTUPSZ
GSPN$POUBDUT
GSPN)PNF4DSFFO
GSPN4QFFE%JBM
.BOBHJOH.FFUJOH3FRVFTUT
.FNPSZ
.FTTBHJOH
.FTTFOHFS
NJDSP4%$BSE
.JDSPTPGU"DUJWF4ZOD
.JDSPTPGU8JOEPXT.PCJMF%FWJDF
$FOUFS
..4
BDDFTT..4
DSFBUFBOETFOE
..4TFUUJOHT
..4WJEFPDBQUVSFNPEF
.PEFN
#MVFUPPUINPEFN
64#NPEFN
.15SJNNFS
.VMUJQSFTTNPEF
.VTJD1MBZFS
.VUFDBMM
/
/VNCFSGPSNBU
/VNFSJDNPEF
0
0QFSBUJOHTZTUFNWFSTJPO
0VUPGPGGJDF
0VUMPPLFNBJM
0XOFSJOGPSNBUJPO
1
1BSUTBOEBDDFTTPSJFT
1BVTFJOEJBMJOHTFRVFODF
1%'
1FSTPOBMJOGPSNBUJPO
1IPOFQSPHSBN
1IPOFTQFDJGJDBUJPO
1IPUPDBQUVSFNPEF
1JDUVSFT7JEFPT
1JDUVSFUIFNFDBQUVSFNPEF
1*/
1MBZMJTUT"VEJP.BOBHFS

1MBZNFEJB
101
1PXFSNBOBHFNFOU
1SPGJMF
1SPHSBNT
"DUJWF4ZOD
"EPCF3FBEFS
*OEFY
"VEJP.BOBHFS
#MVFUPPUI&YQMPSFS
$BMDVMBUPS
$BMFOEBS
$BMM)JTUPSZ
$BNFSB
$MFBS4UPSBHF
$PNN.BOBHFS
$POUBDUT
'JMF&YQMPSFS
(BNFT
*OUFSOFU&YQMPSFS
*OUFSOFU4IBSJOH
.FTTBHJOH
.FTTFOHFS
.15SJNNFS
1IPOF
1JDUVSFT7JEFPT
2VJDL/PUFT
4"14FUUJOHT
4*..BOBHFS
4QFFE%JBM
5BTLT
5BTL.BOBHFS
7JEFP3FDPSEFS
7PJDF/PUFT
8JOEPXT-JWF
8JOEPXT-JWF.PCJMF
8JOEPXT.FEJB1MBZFS.PCJMF

1VUDBMMPOIPME
2
2VJDL-JTU
2VJDL/PUFT
28&35:,FZCPBSE
3
3FDFJWF
DBMM
..4NFTTBHF
3FHJPOBMTFUUJOHT
3FQMZNFTTBHF
3FTFUQIPOF
3FTUBSUQIPOF
3FWJFXTDSFFO
3JOHUPOF
4
4"14FUUJOHT
4FBSDIGPSFNBJMTPOUIF&YDIBOHF
4FSWFS
4FDVSF.VMUJQVSQPTF*OUFSOFU.BJM
&YUFOTJPO4.*.&
4FDVSJOH8J'J$POOFDUJPO
4FOE
FNBJM4.4NFTTBHF
..4NFTTBHF
4FOEBOEEPXOMPBEFNBJMT
4FOEBQQPJOUNFOUT
4FOENFTTBHFT
4FUUJOHT
4FUUJOH6Q&NBJM"DDPVOUT
4FUNVTJDBTSJOHUPOF
4FUVQ"DUJWF4ZODPO1$
4FUVQ)PNFTDSFFO
4IBSF1PJOUEPDVNFOUT
4IBSFDPOUBDUJOGPSNBUJPO
4*."DDFTT1SPGJMF4"1
4*..BOBHFS
DPQZDPOUBDUTUP4*.64*.DBSE
DPQZ4*.DPOUBDUTUPQIPOF
*OEFY
DSFBUF4*.DPOUBDU
4PVOET
4QFBLFSQIPOF
4QFFE%JBM
4QPSUTDBQUVSFNPEF
4UBSUNFOV
4UPQQSPHSBNT
4ZODISPOJ[F
"DUJWF4ZOD
DIBOHFJOGPSNBUJPOUZQFT
NVTJDBOEWJEFP
TDIFEVMFTZODISPOJ[BUJPOXJUI
&YDIBOHF4FSWFS
WJB#MVFUPPUI
8JOEPXT.FEJB1MBZFS
4ZTUFNGPOUTJ[F
5
5NPEF
5BTLT
5BTL.BOBHFS
5JNFTFUUJOH
5VSOJOH0OBOE0GGUIF1IPOF
7
7FSJGZEJHJUBMTJHOBUVSF
7JEFPDBQUVSFNPEF
7JEFP$BMM
7JEFP3FDPSEFS
7JFXJOHNFEJBGJMFT
7JFXBOESFQMZUP..4NFTTBHFT
7JFXZPVSBQQPJOUNFOUT
7JTJCMF#MVFUPPUI
7PJDF/PUFT
7PJDF5BH
DSFBUFWPJDFUBHGPSQIPOFOVNCFS
FNBJMBEESFTTPS63-JO
$POUBDUT
DSFBUFWPJDFUBHGPSQSPHSBN
FEJUEFMFUFBOEQMBZWPJDFUBHT

8
8FCCSPXTFS
8J'J
8JOEPXT-JWF
8JOEPXT-JWF.FTTFOHFS
8JOEPXT.FEJB1MBZFS
ñMFGPSNBUT
NFOVT
PWFSWJFX
USPVCMFTIPPUJOH
8JOEPXT.PCJMF%FWJDF$FOUFS
8JOEPXT.PCJMFTPGUXBSFWFSTJPO
;
;PPN

Navigation menu