Proform Pftl130110 Pro 2000 Treadmill Users Manual

2015-04-14

: Proform Proform-Pftl130110-Pro-2000-Treadmill-Users-Manual-701486 proform-pftl130110-pro-2000-treadmill-users-manual-701486 proform pdf

Open the PDF directly: View PDF PDF.
Page Count: 36

!!
"#$%&'!()*+#$
!,#-&'
!"#$%&'"(&)*+,-./--(/
0$123%&'"(&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
.$%/#!/0#!1#$%&'!2)*+#$!%2!/0#!13&-#!
&+45#!64$!$#6#$#2-#7
&&&&456+78'
9$3#&3%%&:1$;3<=2">?&3>#&2>?=1<;@
=2">?&2>&=A2?&B3><3%&C$D"1$&<?2>E&
=A2?&$F<2:B$>=(&03G$&=A2?&B3><3%&
D"1&D<=<1$&1$D$1$>;$(
H6I0+78'0J
86!94)!0&5#!:)#1/%421;!4$!%6!3&$/1!
&$#!<&*&=#<!4$!*%11%2=;!K8&'8+&
48'+54+&+LI&0+89IM&:%$3?$&
;">=3;=&4<?="B$1&431$(&
7!)89+5'+N&)%$3?$&1$E2?=$1&=A2?&
:1"#<;=&O?$$&=A$&%2B2=$#&P3113>=Q&
">&=A$&C3;R&;"G$1&"D&=A2?&B3><3%S&
C$D"1$&;">=3;=2>E&4<?="B$1&431$(
45,,&+8,,@*9IIN
-@TTT@U..@-...
!">(V*12(&W&3(B(VW&:(B(&!+
03=(&T&3(B(VX&:(B(&!+
8'&+LI&YIZN
PPP(:1"D"1B?$1G2;$(;"B
PPP(:1"D"1B(;"B
60I9[0&!5'65,
\
.>?(8(@!,AB>C!DC>BAEA(F 7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7 G
8EDH?F>(F!D?AB>IF8H("!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7J
KALH?A!MHI!KA@8(7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7N
D>?F!8,A(F8L8B>F8H(!BO>?F7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7P
>""AEKCM 7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7 Q
FOA!BOA"F!OA>?F!?>FA!EH(8FH?7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7RN
HDA?>F8H(!>(,!>,SI"FEA(F !7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7 RP
!OH.!FH!LHC,!>(,!EHTA!FOA!F?A>,E8CC !7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7 GN
F?HIKCA"OHHF8(@ !7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7GP
AUA?B8"A!@I8,AC8(A"!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7GV
D>?F!C8"F7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7JW
AUDCH,A,!,?>.8(@7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7JG
H?,A?8(@!?ADC>BAEA(F!D>?F"7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7! K&-X!B45#$
C8E8FA,!.>??>(FM7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7!7! K&-X!B45#$
F0%1!<$&Y%2=!104Y1!/0#!'4-&/%421!46!/0#!Y&$2%2=!
<#-&'17&7D&3&#$;3%&2?&B2??2>E&"1&2%%$E2C%$]&;3%%&
=A$&=$%$:A">$&><BC$1&">&=A$&D1">=&;"G$1&"D&
=A2?&B3><3%&3>#&1$F<$?=&3&D1$$&1$:%3;$B$>=&
#$;3%(&5::%Q&=A$&#$;3%&2>&=A$&%";3=2">&?A"P>(&
(4/#Z!F0#!<#-&'1!*&9!24/!+#!104Y2!&/!&-/)&'!
1%[#7
Y59'7'^&KI45,&),54I!I'+
D?HLH?E!%1!&!$#=%1/#$#<!/$&<#*&$X!46!8BH(!8D;!82-7
+5Z,I&8*&48'+I'+0
.
7!)89+5'+&)9I456+78'0
-(& Z$D"1$&C$E2>>2>E&3>Q&$_$1;2?$&:1"E13B]&
;">?<%=&Q"<1&:AQ?2;23>(&+A2?&2?&$?:$;23%%Q&
2B:"1=3>=&D"1&:$1?">?&"G$1&3E$&.U&"1&:$1?">?&
P2=A&:1$@$_2?=2>E&A$3%=A&:1"C%$B?(
\(& 7=&2?&=A$&1$?:">?2C2%2=Q&"D&=A$&"P>$1&="&$>?<1$&
=A3=&3%%&<?$1?&"D&=A2?&=1$3#B2%%&31$&3#$F<3=$%Q&
2>D"1B$#&"D&3%%&P31>2>E?&3>#&:1$;3<=2">?(
.(& 6?$&=A$&=1$3#B2%%&">%Q&3?&#$?;12C$#(
X(& `$$:&=A$&=1$3#B2%%&2>#""1?]&3P3Q&D1"B&B"2?@
=<1$&3>#&#<?=(&K"&>"=&:<=&=A$&=1$3#B2%%&2>&3&
E313E$&"1&;"G$1$#&:3=2"]&"1&>$31&P3=$1(
U(& )%3;$&=A$&=1$3#B2%%&">&3&%$G$%&?<1D3;$]&P2=A&
3=&%$3?=&T&D=(&O\(X&BS&"D&;%$313>;$&C$A2>#&2=&
3>#&\&D=(&O/(W&BS&">&$3;A&?2#$(&K"&>"=&:%3;$&
=A$&=1$3#B2%%&">&3>Q&?<1D3;$&=A3=&C%";R?&321&
":$>2>E?(&+"&:1"=$;=&=A$&D%""1&"1&;31:$=&D1"B&
#3B3E$]&:%3;$&3&B3=&<>#$1&=A$&=1$3#B2%%(
W(& K"&>"=&":$13=$&=A$&=1$3#B2%%&PA$1$&3$1"?"%&
:1"#<;=?&31$&<?$#&"1&PA$1$&"_QE$>&2?&C$2>E&
3#B2>2?=$1$#(
a(& `$$:&;A2%#1$>&<>#$1&3E$&-\&3>#&:$=?&3P3Q&
D1"B&=A$&=1$3#B2%%&3=&3%%&=2B$?(
T(& +A$&=1$3#B2%%&?A"<%#&C$&<?$#&">%Q&CQ&:$1@
?">?&P$2EA2>E&.aU&%C?(&O-a/&RES&"1&%$??(
b(& '$G$1&3%%"P&B"1$&=A3>&">$&:$1?">&">&=A$&
=1$3#B2%%&3=&3&=2B$(
-/(&Y$31&3::1":123=$&$_$1;2?$&;%"=A$?&PA2%$&
<?2>E&=A$&=1$3#B2%%(&K"&>"=&P$31&%""?$&
;%"=A$?&=A3=&;"<%#&C$;"B$&;3<EA=&2>&=A$&
=1$3#B2%%(&5=A%$=2;&?<::"1=&;%"=A$?&31$&1$;"B@
B$>#$#&D"1&C"=A&B$>&3>#&P"B$>( Always
wear athletic shoes. Never use the treadmill
with bare feet, wearing only stockings, or in
sandals.
--(&)%<E&=A$&:"P$1&;"1#&2>="&3&?<1E$&?<::1$??"1&
O>"=&2>;%<#$#S]&3>#&:%<E&=A$&?<1E$&?<::1$?@
?"1&2>="&3>&3::1":123=$&"<=%$=&O?$$&:3E$&-WS(&
+"&3G"2#&"G$1%"3#2>E&=A$&;21;<2=]&#"&>"=&:%<E&
"=A$1&$%$;=12;3%&#$G2;$?]&$_;$:=&D"1&%"P@:"P$1&
#$G2;$?&?<;A&3?&;$%%&:A">$&;A31E$1?]&2>="&
=A$&?<1E$&?<::1$??"1&"1&2>="&3>&"<=%$=&">&=A$&
?3B$&;21;<2=(
-\(&6?$&">%Q&3&?<1E$&?<::1$??"1&=A3=&B$$=?&3%%&"D&
=A$&?:$;2D2;3=2">?&#$?;12C$#&">&:3E$&-W(&+"&
:<1;A3?$&3&?<1E$&?<::1$??"1]&?$$&Q"<1&%";3%&
)98*89!&#$3%$1]&;3%%&=A$&=$%$:A">$&><BC$1&
">&=A$&D1">=&;"G$1&"D&=A2?&B3><3%]&"1&?$$&Q"<1&
%";3%&$%$;=1">2;?&?="1$(
-.(&*32%<1$&="&<?$&3&:1":$1%Q&D<>;=2">2>E&?<1E$&
?<::1$??"1&;"<%#&1$?<%=&2>&#3B3E$&="&=A$&
;">=1"%&?Q?=$B&"D&=A$&=1$3#B2%%(&7D&=A$&;">=1"%&
?Q?=$B&2?&#3B3E$#]&=A$&P3%R2>E&C$%=&B3Q&
?%"P]&3;;$%$13=$]&"1&?=":&<>$_:$;=$#%Q]&PA2;A&
B3Q&1$?<%=&2>&3&D3%%&3>#&?$12"<?&2>c<1Q(
-X(&`$$:&=A$&:"P$1&;"1#&3>#&=A$&?<1E$&?<::1$?@
?"1&3P3Q&D1"B&A$3=$#&?<1D3;$?(
-U(&'$G$1&B"G$&=A$&P3%R2>E&C$%=&PA2%$&=A$&:"P$1&
2?&=<1>$#&"DD(&K"&>"=&":$13=$&=A$&=1$3#B2%%&
2D&=A$&:"P$1&;"1#&"1&:%<E&2?&#3B3E$#]&"1&2D&
=A$&=1$3#B2%%&2?&>"=&P"1R2>E&:1":$1%Q(&O0$$&
+986Z,I0L88+7'^&">&:3E$&\W&2D&=A$&=1$3#@
B2%%&2?&>"=&P"1R2>E&:1":$1%Q(S
-W(&9$3#]&<>#$1?=3>#]&3>#&=$?=&=A$&$B$1E$>;Q&
?=":&:1";$#<1$&C$D"1$&<?2>E&=A$&=1$3#B2%%&O?$$&
L8Y&+8&+69'&8'&+LI&)8YI9&">&:3E$&-TS(
-a(&'$G$1&?=31=&=A$&=1$3#B2%%&PA2%$&Q"<&31$&?=3>#@
2>E&">&=A$&P3%R2>E&C$%=(&5%P3Q?&A"%#&=A$&
A3>#132%?&PA2%$&<?2>E&=A$&=1$3#B2%%(
-T(&+A$&=1$3#B2%%&2?&;3:3C%$&"D&A2EA&?:$$#?(&
5#c<?=&=A$&?:$$#&2>&?B3%%&2>;1$B$>=?&="&
3G"2#&?<##$>&c<B:?&2>&?:$$#(
-b(&+A$&A$31=&13=$&B">2="1&2?&>"=&3&B$#2;3%&
#$G2;$(&d312"<?&D3;="1?]&2>;%<#2>E&=A$&<?$1[?&
B"G$B$>=]&B3Q&3DD$;=&=A$&3;;<13;Q&"D&A$31=&
13=$&1$3#2>E?(&+A$&A$31=&13=$&B">2="1&2?&
2>=$>#$#&">%Q&3?&3>&$_$1;2?$&32#&2>&#$=$1B2>@
2>E&A$31=&13=$&=1$>#?&2>&E$>$13%(
!!!!!!!Y59'7'^N&+"&1$#<;$&=A$&12?R&"D&?$12"<?&2>c<1Q]&1$3#&3%%&2B:"1=3>=&:1$;3<=2">?&3>#&
2>?=1<;=2">?&2>&=A2?&B3><3%&3>#&3%%&P31>2>E?&">&Q"<1&=1$3#B2%%&C$D"1$&<?2>E&Q"<1&=1$3#B2%%(&748'&
3??<B$?&>"&1$?:">?2C2%2=Q&D"1&:$1?">3%&2>c<1Q&"1&:1":$1=Q&#3B3E$&?<?=32>$#&CQ&"1&=A1"<EA&=A$&<?$&"D&
=A2?&:1"#<;=(
X
\/(&'$G$1&%$3G$&=A$&=1$3#B2%%&<>3==$>#$#&PA2%$&
2=&2?&1<>>2>E(&5%P3Q?&1$B"G$&=A$&R$Q]&<>:%<E&
=A$&:"P$1&;"1#]&3>#&:1$??&=A$&:"P$1&?P2=;A&
2>="&=A$&"DD&:"?2=2">&PA$>&=A$&=1$3#B2%%&2?&>"=&
2>&<?$(&O0$$&=A$&#13P2>E&">&:3E$&U&D"1&=A$&
%";3=2">&"D&=A$&:"P$1&?P2=;A(S
\-(&K"&>"=&3==$B:=&="&132?$]&%"P$1]&"1&B"G$&=A$&
=1$3#B2%%&<>=2%&2=&2?&:1":$1%Q&3??$BC%$#(&O0$$&
500I!Z,e&">&:3E$&a]&3>#&L8Y&+8&*8,K&
5'K&!8dI&+LI&+9I5K!7,,&">&:3E$&\U(S&
e"<&B<?=&C$&3C%$&="&?3D$%Q&%2D=&XU&%C?(&O\/&RES&
="&132?$]&%"P$1]&"1&B"G$&=A$&=1$3#B2%%(
\\(&YA$>&D"%#2>E&"1&B"G2>E&=A$&=1$3#B2%%]&B3R$&
?<1$&=A3=&=A$&?="13E$&%3=;A&2?&A"%#2>E&=A$&
D13B$&?$;<1$%Q&2>&=A$&?="13E$&:"?2=2">(
\.(&'$G$1&2>?$1=&3>Q&"Cc$;=&2>="&3>Q&":$>2>E&">&
=A$&=1$3#B2%%(
\X(&7>?:$;=&3>#&:1":$1%Q&=2EA=$>&3%%&:31=?&"D&=A$&
=1$3#B2%%&1$E<%31%Q(
\U(&K5'^I9N&5%P3Q?&<>:%<E&=A$&:"P$1&
;"1#&2BB$#23=$%Q&3D=$1&<?$]&C$D"1$&;%$3>@
2>E&=A$&=1$3#B2%%]&3>#&C$D"1$&:$1D"1B2>E&=A$&
B32>=$>3>;$&3>#&3#c<?=B$>=&:1";$#<1$?&
#$?;12C$#&2>&=A2?&B3><3%(&'$G$1&1$B"G$&=A$&
B"="1&A""#&<>%$??&2>?=1<;=$#&="&#"&?"&CQ&3>&
3<=A"12f$#&?$1G2;$&1$:1$?$>=3=2G$(&0$1G2;2>E&
"=A$1&=A3>&=A$&:1";$#<1$?&2>&=A2?&B3><3%&
?A"<%#&C$&:$1D"1B$#&CQ&3>&3<=A"12f$#&?$1@
G2;$&1$:1$?$>=3=2G$&">%Q(
\W(&+A2?&=1$3#B2%%&2?&2>=$>#$#&D"1&2>@A"B$&<?$&
">%Q(&K"&>"=&<?$&=A2?&=1$3#B2%%&2>&3&;"BB$1@
;23%]&1$>=3%]&"1&2>?=2=<=2">3%&?$==2>E(
\a(&8G$1&$_$1;2?2>E&B3Q&1$?<%=&2>&?$12"<?&2>c<1Q&
"1&#$3=A(&7D&Q"<&D$$%&D32>=&"1&2D&Q"<&$_:$12$>;$&
:32>&PA2%$&$_$1;2?2>E]&?=":&2BB$#23=$%Q&3>#&
;""%&#"P>(
05dI&+LI0I&7'0+964+78'0
U
F0&2X!94)!64$!1#'#-/%2=!/0#!$#54')/%42&$9!
D?HLH?E\!D?H!GWWW!/$#&<*%''7!F0#!D?H!GWWW!
/$#&<*%''!466#$1!&2!%*3$#11%5#!1#'#-/%42!46!6#&/)$#1!
<#1%=2#<!/4!*&X#!94)$!Y4$X4)/1!&/!04*#!*4$#!#2]49^
&+'#!&2<!#66#-/%5#7!>2<!Y0#2!94)_$#!24/!#`#$-%1%2=;!/0#!
)2%:)#!/$#&<*%''!-&2!+#!64'<#<!)3;!$#:)%$%2=!'#11!/0&2!
0&'6!/0#!!44$!13&-#!46!4/0#$!/$#&<*%''17!
*"1&Q"<1&C$>$&=]!1$3#&=A2?&B3><3%&;31$D<%%Q&C$D"1$&
<?2>E&=A$&=1$3#B2%%(!86!94)!0&5#!:)#1/%421!&6/#$!
$#&<%2=!/0%1!*&2)&';!3'#&1#!1##!/0#!6$42/!-45#$!46!/0%1!
*&2)&'7!F4!0#'3!)1!&11%1/!94);!3'#&1#!24/#!/0#!3$4<)-/!
*4<#'!2)*+#$!&2<!1#$%&'!2)*+#$!+#64$#!-42/&-/%2=!)17!
F0#!*4<#'!2)*+#$!&2<!/0#!'4-&/%42!46!/0#!1#$%&'!2)*^
+#$!<#-&'!&$#!104Y2!42!/0#!6$42/!-45#$!46!/0%1!*&2)&'7!
K#64$#!$#&<%2=!6)$/0#$;!3'#&1#!$#5%#Y!/0#!<$&Y%2=!
+#'4Y!&2<!6&*%'%&$%[#!94)$1#'6!Y%/0!/0#!'&+#'#<!3&$/17
ZI*89I&e86&ZI^7'
O&2<$&%'
I3$%=0/
F$&9
a#9bB'%3
D4Y#$!"Y%/-0
.&'X%2=!K#'/
D'&/64$*!B)10%42!
L44/!?&%'
D4Y#$!B4$<
8<'#$!?4''#$!!
><])1/*#2/!"-$#Y1
B4214'#
O#&$/!?&/#!E42%/4$
C#2=/0Z! P!6/7!c!%27!dGWJ!-*e
.%</0Z! J!6/7!dVR!-*e
W
!"#$%&%'%'"($%)*+,-%./01(
2'3%&%!"($%)*+,-
.!01(
2#%&%'"4$%5+6789
)*+,-%.'301'
2#%&%'"4$%)*+,-
.'01: 2#%&%!"($%)*+,-
.401'4
!"#$%&%4$%;6<=%.>01'
!"#$%&%'%!"($%;6<=%.?01'
!"#$%&%4%!"($%)*+,-%.#01(
2'3%)=@+
A@BC,+%.''01( !"#$%D7=%.'!014
!"#$%)=@+
A@BC,+%.'(01(
)59+&7KI'+7*745+78'&4L59+
I1#!/0#!<$&Y%2=1!+#'4Y!/4!%<#2/%69!1*&''!3&$/1!)1#<!64$!&11#*+'97!F0#!2)*+#$!%2!3&$#2/0#1#1!+#'4Y!#&-0!<$&Y^
%2=!%1!/0#!X#9!2)*+#$!46!/0#!3&$/;!6$4*!/0#!D>?F!C8"F!2#&$!/0#!#2<!46!/0%1!*&2)&'7!F0#!2)*+#$!64''4Y%2=!/0#!X#9!
2)*+#$!%1!/0#!:)&2/%/9!)1#<!64$!&11#*+'97!'"=$N&7D&3&:31=&2?&>"=&2>&=A$&A31#P31$&R2=]&;A$;R&="&?$$&2D&2=&2?&:1$3=@
=3;A$#(&I_=13&A31#P31$&B3Q&C$&2>;%<#$#(
a
500I!Z,e
f! !!!F4!0%$#!&!1#$5%-#!/#-02%-%&2!/4!&11#*+'#!/0%1!
3$4<)-/!%2!94)$!04*#;!-&''!R^cWW^ggN^GgcW7!
f! !>11#*+'9!$#:)%$#1!/Y4!3#$14217
f! !D'&-#!&''!3&$/1!%2!&!-'#&$#<!&$#&!&2<!$#*45#!/0#!
3&-X%2=!*&/#$%&'17!,4!24/!<%1341#!46!/0#!3&-X%2=!
*&/#$%&'1!)2/%'!94)!!2%10!&11#*+'97
f! !>6/#$!10%33%2=;!/0#$#!*&9!+#!&2!4%'9!1)+1/&2-#!
42!/0#!#`/#$%4$!46!/0#!/$#&<*%''!4$!42!/0#!10%33%2=!
-&$/427!F0%1!%1!24$*&'7!86!/0#$#!%1!&2!4%'9!1)+^
1/&2-#!42!/0#!/$#&<*%'';!Y%3#!%/!466!Y%/0!&!146/!-'4/0!
&2<!&!*%'<;!242^&+$&1%5#!-'#&2#$7
f! !F4!%<#2/%69!1*&''!3&$/1;!1##!3&=#!P7
f! !!>11#*+'9!$#:)%$#1!/0#!64''4Y%2=!/44'1Z!!
! /0#!%2-')<#<!0#`!X#91
!
! 42#!&<])1/&+'#!Y$#2-0
! 42#!D0%''%31!1-$#Y<$%5#$
!!F4!&54%<!<&*&=%2=!3&$/1;!<4!24/!)1#!34Y#$!/44'17!
R7! !!3R$&?<1$&=A3=&=A$&:"P$1&;"1#&2?&<>:%<EE$#(&
!!>//&-0!/0#!C#6/!.0##'!B&3!dRWJe!/4!/0#!K&1#!
dRWNe!Y%/0!/Y4!hc!`!Jbgi!"-$#Y1!dGe7
!!5==3;A&=A$&92EA=&YA$$%&43:&O>"=&?A"P>S&="&
=A$&12EA=&?2#$&"D&=A$&Z3?$&O-/US&2>&=A$&?3B$&
P3Q(
R
RWJ
RWN
G
T
J7! !!8<#2/%69!/0#!C#6/!I3$%=0/!dVWe;!Y0%-0!%1!*&$X#<!
jC#6/7k!O&5#!&!1#-42<!3#$142!04'<!/0#!C#6/!
I3$%=0/!2#&$!/0#!K&1#!dRWNe7!
!!0$$&=A$&2>?$=&#13P2>E(!F%#!/0#!Y%$#!/%#!%2!/0#!
C#6/!I3$%=0/!dVWe!1#-)$#'9!&$4)2<!/0#!#2<!46!/0#!
I3$%=0/!.%$#!dcce7!F0#2;!3)''!/0#!4/0#$!#2<!46!/0#!
Y%$#!/%#!)2/%'!/0#!I3$%=0/!.%$#!%1!$4)/#<!/0$4)=0!
/0#!C#6/!I3$%=0/7!
cc
J
cc
VW
.%$#!
F%#
.%$#!
F%#
VW
RWN
cc
G7! !D)''!/0#!I3$%=0/!.%$#!dcce!&2<!/0#!K&1#!@$4)2<!
.%$#!dRWWe!/0$4)=0!/0#!%2<%-&/#<!04'#!%2!/0#!
K&1#!dRWNe7
!!>//&-0!/0#!K&1#!@$4)2<!.%$#!dRWWe!/4!/0#!K&1#!
dRWNe!Y%/0!&!hc!`!RbGi!@$4)2<!"-$#Y!dRWe7
!!D$#11!/0#!@$4**#/!dRWRe!%2/4!/0#!1:)&$#!04'#!%2!
/0#!K&1#!dRWNe7
cc
G
O4'#
RW
RWW
RWN
RWR
b
N7! !8<#2/%69!/0#!C#6/!&2<!?%=0/!K&1#!B45#$1!dVP;!VQe7
!
!!"'%<#!/0#!C#6/!K&1#!B45#$!dVPe!42/4!/0#!C#6/!
I3$%=0/!dVWe7!"'%<#!/0#!?%=0/!K&1#!B45#$!dVQe!
42/4!/0#!?%=0/!I3$%=0/!dVVe7!K"&>"=&:1$??&=A$&
Z3?$&4"G$1?&2>="&:%3;$&Q$=(
VW
VP
VV
VQ
N
g7! !O4'<!/0#!C#6/!I3$%=0/!dVWe!&=&%21/!/0#!K&1#!
dRWNe7!Z$&;31$D<%&>"=&="&:2>;A&=A$&P21$?(&86!
2#-#11&$9;!341%/%42!/0#!K&1#!@$4)2<!.%$#!
dRWWe!%2!/0#!04'#!%2!/0#!1%<#!46!/0#!C#6/!I3$%=0/7!
821#$/!/Y4!Jbci!`!G!Jbgi!"-$#Y1!dce!&2<!/Y4!Jbci!
`!R!Rbgi!"-$#Y1!dVe!Y%/0!/Y4!Jbci!"/&$!.&10#$1!
dRge!%2/4!/0#!C#6/!I3$%=0/7
!!D&$/%&''9!/%=0/#2!/0#!Jbci!`!G!Jbgi!"-$#Y1!dce!&2<!
/0#!Jbci!`!R!Rbgi!"-$#Y1!dVe!)2/%'!/0#!0#&<1!46!
/0#!"-$#Y1!/4)-0!/0#!C#6/!I3$%=0/!dVWel!#"&>"=&
D<%%Q&=2EA=$>&=A$&0;1$P?&Q$=(&(4/#Z!8/!*&9!+#!
0#'36)'!/4!)1#!/0#!"04$/!O#`!a#9!dgJe!42!/0#!
"-$#Y!104Y27
&&5==3;A&=A$&92EA=&6:12EA=&O>"=&?A"P>S&2>&=A$&
?3B$&P3Q(!(4/#Z!F0#$#!&$#!24!Y%$#1!42!/0#!
$%=0/!1%<#7
VW
RWN
g
V
c
Rg
O4'#
RWW
Rg
gJ
-/
Q7! !?#*45#!/0#!64)$!Jbci!`!Ri!L'&/!O#&<!"-$#Y1!
dRNe!&2<!Jbci!"/&$!.&10#$1!dRge!6$4*!/0#!C#6/!
&2<!?%=0/!I3$%=0/1!dVW;!VVe7
!!812$>=&=A$&L3>#132%&Z13;R$=?&OTbS&?"&=A3=&=A$&
2>#2;3=$#&A"%$?&31$&2>&=A$&:"?2=2">?&?A"P>(&
821#$/!/0#!I3$%=0/!.%$#!dcce!/0$4)=0!/0#!'#6/!
O&2<$&%'!K$&-X#/7
!!>//&-0!/0#!O&2<$&%'!K$&-X#/1!dcVe!/4!/0#!
I3$%=0/1!dVW;!VVe!Y%/0!/0#!64)$!Jbci!`!Ri!L'&/!
O#&<!"-$#Y1!dRNe!&2<!Jbci!"/&$!.&10#$1!dRge!
/0&/!94)!])1/!$#*45#<7!F%=0/#2!/0#!"-$#Y17
RN
cV
O4'#
VV
Rg
cc
RN
Rg
VW
cV
QO4'#
P7! !?#*45#!/0#!64)$!Jbci!`!Ri!"-$#Y1!dPe!&2<!Jbci!
"/&$!.&10#$1!dRge!6$4*!/0#!O&2<$&%'!K$&-X#/1!
dcVe7!F0#2;!$#*45#!/0#!O&2<$&%'!K$&-X#/1!6$4*!
/0#!C#6/!&2<!?%=0/!O&2<$&%'1!dVG;!VJe7!+A$&
0;1$P?&3>#&0=31&Y3?A$1?&P2%%&C$&<?$#&2>&
?=$:&T(
P
Rg
P
P
Rg
cV
c7! !8<#2/%69!/0#!C#6/!&2<!?%=0/!O&2<$&%'1!dVG;!VJe7!
!!O4'<!/0#!C#6/!O&2<$&%'!dVGe!2#&$!/0#!C#6/!I3$%=0/!
dVWe7!821#$/!/0#!I3$%=0/!.%$#!dcce!%2/4!/0#!'&$=#!
04'#!%2!/0#!+4//4*!46!/0#!C#6/!O&2<$&%'!&2<!4)/!46!
/0#!+&-X!46!/0#!C#6/!O&2<$&%'7!
!!"'%<#!/0#!C#6/!O&2<$&%'!dVGe!42/4!/0#!'#6/!O&2<$&%'!
K$&-X#/!dcVe;!&2<!&//&-0!/0#!C#6/!O&2<$&%'!Y%/0!
/Y4!46!/0#!Jbci!`!Ri!"-$#Y1!dPe!&2<!Jbci!"/&$!
.&10#$1!dRge!/0&/!94)!$#*45#<!%2!1/#3!P7!K"&
>"=&=2EA=$>&=A$&0;1$P?&Q$=(
&&5==3;A&=A$&92EA=&L3>#132%&Ob.S&3?&#$?;12C$#&
3C"G$(&(4/#Z!F0#$#!%1!24/!&!Y%$#!%2!/0#!?%=0/!
I3$%=0/!dVVe7!
VG
Rg
P
Rg
VJ
P
cc
cV
Rg
cV
Rg
P
c
P
Rg
P
Rg
cV
P
VV
VW
VG
VJ
--
V7! !?#*45#!&2<!<%1-&$<!/0#!hRW!`!Jbgi!"-$#Y1!
dJe!6$4*!/0#!?%=0/!O&2<$&%'!dVJe!&2<!/0#!C#6/!
O&2<$&%'!d24/!104Y2e7
!!O4'<!/0#!3)'1#!&11#*+'9!2#&$!/0#!?%=0/!O&2<$&%'!
dVJe7!821#$/!/0#!3)'1#!Y%$#!6$4*!/0#!3)'1#!&11#*^
+'9!%2/4!/0#!04'#!%2!/0#!1%<#!46!/0#!?%=0/!O&2<$&%'!
&2<!3)''!%/!4)/!46!/0#!#2<!46!/0#!?%=0/!O&2<$&%'!&1!
104Y27!
!
VJ
O4'#
D)'1#!.%$#
L'&3
V
RW7!!"'%<#!/0#!3)'1#!&11#*+'9!42/4!/0#!C#6/!&2<!?%=0/!
O&2<$&%'1!dVG;!VJe7!!3R$&?<1$&=A3=&=A$&C13;R@
$=?&">&=A$&:<%?$&3??$BC%Q&31$&&<?A&3E32>?=&
=A$&1<CC$1&">&=A$&L3>#132%?(&'"=$N&+A$&&3:&
">&$3;A&A3>#132%&O?$$&#13P2>E&2>&?=$:&bS&
?A"<%#&?%2#$&<>#$1&=A$&C13;R$=(&Z$&;31$D<%&
>"=&="&:2>;A&=A$&:<%?$&P21$&3E32>?=&=A$&:<%?$&
3??$BC%Q(&
!!>//&-0!/0#!3)'1#!&11#*+'9!Y%/0!64)$!hRW!`!Jbgi!
"-$#Y1!dJe!&2<!64)$!hRW!"/&$!.&10#$1!dRRe7!
0=31=&3%%&D"<1&0;1$P?]&3>#&=A$>&=2EA=$>&=A$B(
RW
RR7!!!!!"#/!/0#!-4214'#!&11#*+'9!6&-#!<4Y2!42!&!146/!
1)$6&-#!/4!&54%<!1-$&/-0%2=!/0#!-4214'#!
&11#*+'97!
!!8<#2/%69!/0#!C#6/!&2<!?%=0/!F$&91!dRRW;!RRRe7!
!!>//&-0!/0#!F$&91!dRRW;!RRRe!/4!/0#!-4214'#!
&11#*+'9!Y%/0!1%`!hc!`!RbGi!"-$#Y1!dRe7!0=31=&3%%&
?2_&0;1$P?]&3>#&=A$>&=2EA=$>&=A$B(&Z$&;31$@
D<%&>"=&="&"G$1=2EA=$>&=A$&0;1$P?(
!
!
?#*45#!/0#!64)$!NbRPi!`!Nbci!"-$#Y1!dge!&2<!
NbRPi!"/&$!.&10#$1!dRGe!6$4*!/0#!-4214'#!
&11#*+'97!+A$Q&P2%%&C$&<?$#&2>&?=$:&-.(
R
R
gg
B4214'#!
>11#*+'9
R
RRW RRR
R
RG RG
RR
J
J
RR
D)'1#
>11#*+'9
J
RR
VG
VJ
D)'1#
>11#*+'9
D)'1#!.%$#
-\
RJ7!!821#$/!/0#!3)'1#!Y%$#1!&2<!/0#!I3$%=0/!.%$#!d24/!
104Y2e!%2/4!/0#!O&2<$&%'1!dVG;!VJe!&1!94)!1#/!
/0#!-4214'#!&11#*+'9!42!/0#!O&2<$&%'17
!!>//&-0!/0#!-4214'#!&11#*+'9!Y%/0!/0#!64)$!NbRPi!
`!Nbci!"-$#Y1!dge!&2<!64)$!NbRPi!"/&$!.&10#$1!
dRGe!/0&/!94)!$#*45#<!%2!1/#3!RR7!0=31=&3%%&D"<1&
0;1$P?]&3>#&=A$>&=2EA=$>&=A$B(
! F%=0/#2!/0#!64)$!Jbci!`!Ri!"-$#Y1!dPe7
RJ
RG
g
RG7!!.%/0!/0#!0#'3!46!&!1#-42<!3#$142;!04'<!/0#!-42^
14'#!&11#*+'9!2#&$!/0#!I3$%=0/1!dVW;!VVe7!
!!B422#-/!/0#!I3$%=0/!.%$#!dcce!/4!/0#!-4214'#!
Y%$#7!0$$&=A$&2>?$=&#13P2>E(&+A$&;">>$;="1?&
?A"<%#&?%2#$&="E$=A$1&$3?2%Q&3>#&?>3:&2>="&
:%3;$(!86!/0#9!<4!24/;!/)$2!42#!-422#-/4$!&2<!/$9!
&=&%27!7*&e86&K8&'8+&48''I4+&+LI&48'@
'I4+890&)98)I9,e]&+LI&48'08,I&!5e&
ZI48!I&K5!5^IK&YLI'&e86&+69'&8'&
+LI&)8YI9(!
!!(#`/;!-422#-/!/0#!/Y4!3)'1#!Y%$#17!F0#2;!
$#*45#!/0#!Y%$#!/%#!6$4*!/0#!I3$%=0/!.%$#!dcce7
!
B4214'#!
>11#*+'9
B4214'#!
.%$#
B4214'#!
>11#*+'9
RG
D)'1#!.%$#1
D)'1#!K&$!
>11#*+'9
VV
VW
cc
VJ
VG
PP
RG
g
B4214'#!
.%$#
.%$#!
F%#
cc
-.
RN7!!!!!F%=0/#2!/0#!64)$!Jbci!`!G!Jbgi!"-$#Y1!dce;!&2<!
/0#2!/%=0/#2!/0#!64)$!Jbci!`!R!Rbgi!"-$#Y1!dVe!
d42'9!42#!1%<#!%1!104Y2e7
!!D$#11!/0#!C#6/!&2<!?%=0/!K&1#!B45#$1!dVP;!VQe!
42/4!/0#!K&1#!dRWNe!)2/%'!/0#9!12&3!%2/4!3'&-#7
RN
VQ
V
VP
RWN
c
Rg7!!>//&-0!&!F$&9!K$&-X#/!dVRe!/4!/0#!1%<#!46!/0#!
?%=0/!I3$%=0/!dVVe!Y%/0!/Y4!hc!`!Jbgi!"-$#Y1!dGe7!
!3R$&?<1$&="&<?$&=A$&=P"&A"%$?&?A"P>(!0=31=&
C"=A&0;1$P?]&3>#&=A$>&=2EA=$>&=A$B(!
!&5==3;A&=A$&"=A$1&+13Q&Z13;R$=&O>"=&?A"P>S&="&
=A$&,$D=&6:12EA=&O>"=&?A"P>S&2>&=A$&?3B$&P3Q(
!!>//&-0!/0#!F$&9!dcQe!/4!/0#!F$&9!K$&-X#/1!dVRe!
Y%/0!64)$!hc!`!Jbgi!"-$#Y1!dGe!d42'9!42#!1%<#!
%1!104Y2e7!0=31=&3%%&D"<1&0;1$P?]&3>#&=A$>&
=2EA=$>&=A$B(
VR
G
Rg
cQ
VV
RP7!!?&%1#!/0#!L$&*#!dPge!/4!/0#!341%/%42!104Y27!
L3G$&3&?$;">#&:$1?">&A"%#&=A$&*13B$&<>=2%&
=A2?&?=$:&2?&;"B:%$=$#(!
!!!H$%#2/!/0#!"/4$&=#!C&/-0!dPNe!14!/0&/!/0#!'&$=#!
+&$$#'!&2<!/0#!'&/-0!X24+!&$#!%2!/0#!341%/%421!
104Y27!
!!>//&-0!/0#!'4Y#$!#2<!46!/0#!"/4$&=#!C&/-0!dPNe!
/4!/0#!K&1#!dRWNe!Y%/0!&!Jbci!`!Gi!K4'/!dNe!&2<!&!
Jbci!()/!dRJe7
RP
PN
C&$=#
K&$$#'
Pg
C&/-0!
a24+
RJ
N
RWN
-X
Rc7!!!!!!C4Y#$!/0#!L$&*#!dPge!d1##!OH.!FH!CH.A?!
FOA!F?A>,E8CC!LH?!I"A!42!3&=#!GNe7
!!86!42#!46!/0#!?#&$!C#5#'%2=!L##/!dPVe!<4#12_/!1%/!
!&/!42!/0#!!44$;!/)$2!/0#!?#&$!C#5#'%2=!L44/!)2/%'!
%/!<4#1;!&2<!/0#2!/%=0/#2!/0#!RbGi!?#&$!C#5#'%2=!
L44/!()/!dgRe!&=&%21/!/0#!L$&*#!dPge7!!3R$&
?<1$&=A3=&C"=A&-g\h&9$31&,$G$%2>E&*""=&'<=?&
31$&=2EA=$>$#&3E32>?=&=A$&*13B$(
Rc
Pg
PV gR
RQ7!!>//&-0!/0#!)33#$!#2<!46!/0#!"/4$&=#!C&/-0!dPNe!
/4!/0#!L$&*#!dPge!Y%/0!&!Jbci!`!R!Jbgi!K4'/!dQe!
&2<!&!Jbci!()/!dRJe7
RQ
PN
RJ
Pg
Q
RV7!!!!3R$&?<1$&=A3=&3%%&:31=?&31$&:1":$1%Q&=2EA=$>$#&C$D"1$&Q"<&<?$&=A$&=1$3#B2%%(!86!/0#$#!&$#!10##/1!46!3'&1/%-!
42!/0#!/$#&<*%''!<#-&'1;!$#*45#!/0#!3'&1/%-7!F4!3$4/#-/!/0#!!44$!4$!-&$3#/;!3'&-#!&!*&/!)2<#$!/0#!/$#&<*%''7!
(4/#Z!A`/$&!0&$<Y&$#!*&9!+#!%2-')<#<7!a##3!/0#!%2-')<#<!0#`!X#9!%2!&!1#-)$#!3'&-#l!/0#!0#`!X#9!%1!)1#<!/4!
&<])1/!/0#!Y&'X%2=!+#'/!d1##!3&=#1!GQ!&2<!Gce7!!
-U
L8Y&+8&)6+&8'&+LI&LI59+&95+I&!8'7+89
F0#!0#&$/!$&/#!
*42%/4$!-421%1/1!46!
&!-0#1/!1/$&3!&2<!&!
1#214$7!821#$/!/0#!
/&+!42!42#!#2<!46!
/0#!-0#1/!1/$&3!%2/4!
/0#!04'#!%2!42#!#2<!
46!/0#!1#214$!&1!
104Y27!F0#2;!3$#11!
/0#!#2<!46!/0#!1#2^
14$!)2<#$!/0#!+)-X'#!
42!/0#!-0#1/!1/$&37!
F0#!/&+!104)'<!+#!
6')10!Y%/0!/0#!6$42/!46!
/0#!1#214$7
F0#!0#&$/!$&/#!*42%^
/4$!*)1/!+#!Y4$2!
)2<#$!94)$!-'4/0#1;!
/%=0/!&=&%21/!94)$!
1X%27!.$&3!/0#!0#&$/!
$&/#!*42%/4$!&$4)2<!
94)$!-0#1/!%2!/0#!
'4-&/%42!104Y27!
E&X#!1)$#!/0&/!
/0#!'4=4!%1!$%=0/^
1%<#^)37!F0#2;!&//&-0!/0#!4/0#$!#2<!46!/0#!-0#1/!1/$&3!
/4!/0#!1#214$7!><])1/!/0#!'#2=/0!46!/0#!-0#1/!1/$&3;!%6!
2#-#11&$97
D)''!/0#!1#214$!&Y&9!6$4*!94)$!+4<9!&!6#Y!%2-0#1!&2<!
'4-&/#!/0#!/Y4!#'#-/$4<#!&$#&1;!Y0%-0!&$#!-45#$#<!+9!
10&''4Y!$%<=#17!I1%2=!1&'%2#!14')/%42!1)-0!&1!1&'%5&!4$!
-42/&-/!'#21!14')/%42;!Y#/!/0#!#'#-/$4<#!&$#&17!F0#2;!
$#/)$2!/0#!1#214$!/4!&!341%/%42!&=&%21/!94)$!-0#1/7
459I&5'K&!57'+I'5'4I
f! !F04$4)=0'9!<$9!/0#!1#214$!Y%/0!&!146/!/4Y#'!&6/#$!
#&-0!)1#7!E4%1/)$#!*&9!X##3!/0#!1#214$!&-/%5&/#<;!
104$/#2%2=!/0#!'%6#!46!/0#!+&//#$97
f!!!"/4$#!/0#!0#&$/!$&/#!*42%/4$!%2!&!Y&$*;!<$9!3'&-#7!,4!
24/!1/4$#!/0#!0#&$/!$&/#!*42%/4$!%2!&!3'&1/%-!+&=!4$!
4/0#$!-42/&%2#$!/0&/!*&9!/$&3!*4%1/)$#7
f!!!,4!24/!#`341#!/0#!0#&$/!$&/#!*42%/4$!/4!<%$#-/!1)2^
'%=0/!64$!#`/#2<#<!3#$%4<1!46!/%*#l!<4!24/!#`341#!%/!/4!
/#*3#$&/)$#1!&+45#!RGGm!L!dNWm!Be!4$!+#'4Y!Rgm!L!
d^RWm!Be7
f!!!,4!24/!#`-#11%5#'9!+#2<!4$!1/$#/-0!/0#!1#214$!Y0#2!
)1%2=!4$!1/4$%2=!/0#!0#&$/!$&/#!*42%/4$7
f!!!F4!-'#&2!/0#!1#214$;!)1#!&!<&*3!-'4/0!&2<!&!1*&''!
&*4)2/!46!*%'<!14&37!F0#2;!Y%3#!/0#!1#214$!Y%/0!&!
<&*3!-'4/0!&2<!/04$4)=0'9!<$9!%/!Y%/0!&!146/!/4Y#'7!
(#5#$!)1#!&'-404';!&+$&1%5#1;!4$!-0#*%-&'1!/4!-'#&2!
/0#!1#214$7!O&2<!Y&10!&2<!&%$!<$9!/0#!-0#1/!1/$&37
+986Z,I0L88+7'^
86!/0#!0#&$/!$&/#!*42%/4$!<4#1!24/!6)2-/%42!3$43#$'9;!/$9!
/0#!1/#31!+#'4Y7
f! !E&X#!1)$#!/0&/!94)!&$#!Y#&$%2=!/0#!0#&$/!$&/#!*42%^
/4$!&1!<#1-$%+#<!&/!/0#!'#6/7!86!/0#!0#&$/!$&/#!*42%/4$!
<4#1!24/!6)2-/%42!Y0#2!341%/%42#<!&1!<#1-$%+#<;!
*45#!%/!1'%=0/'9!'4Y#$!4$!0%=0#$!42!94)$!-0#1/7
f! !86!0#&$/!$&/#!$#&<%2=1!&$#!24/!<%13'&9#<!)2/%'!94)!
+#=%2!3#$13%$%2=;!$#Y#/!/0#!#'#-/$4<#!&$#&17
f! !L4$!/0#!-4214'#!/4!<%13'&9!0#&$/!$&/#!$#&<%2=1;!94)!
*)1/!+#!Y%/0%2!&$*_1!'#2=/0!46!/0#!-4214'#7
f! !86!/0#$#!%1!&!+&//#$9!-45#$!42!/0#!+&-X!46!/0#!1#214$;!
$#3'&-#!/0#!+&//#$9!Y%/0!&!2#Y!+&//#$9!46!/0#!1&*#!
/93#7
f! !F0#!0#&$/!$&/#!*42%/4$!%1!<#1%=2#<!/4!Y4$X!Y%/0!
3#43'#!Y04!0&5#!24$*&'!0#&$/!$09/0*17!O#&$/!$&/#!
$#&<%2=!3$4+'#*1!*&9!+#!-&)1#<!+9!*#<%-&'!-42<%^
/%421!1)-0!&1!3$#*&/)$#!5#2/$%-)'&$!-42/$&-/%421!
d35-1e;!/&-09-&$<%&!+)$1/1;!&2<!&$$09/0*%&7
f! !F0#!43#$&/%42!46!/0#!0#&$/!$&/#!*42%/4$!-&2!+#!
&66#-/#<!+9!*&=2#/%-!%2/#$6#$#2-#!6$4*!0%=0!34Y#$!
'%2#1!4$!4/0#$!14)$-#17!86!94)!1)13#-/!/0&/!*&=2#/%-!
%2/#$6#$#2-#!%1!-&)1%2=!&!3$4+'#*;!/$9!$#'4-&/%2=!/0#!
6%/2#11!#:)%3*#2/7
+LI&4LI0+&LI59+&95+I&!8'7+89
"#214$ K)-X'#
F&+
B0#1/!
"/$&3
F&+1
"#214$
-W
8)I95+78'&5'K&5Ki60+!I'+
L8Y&+8&48''I4+&+LI&)8YI9&489K
6?$&3&0<1E$&0<::1$??"1
M4)$!/$#&<*%'';!'%X#!4/0#$!#'#-/$42%-!#:)%3*#2/;!-&2!+#!
<&*&=#<!+9!1)<<#2!54'/&=#!-0&2=#1!%2!94)$!04*#_1!
34Y#$7!T4'/&=#!1)$=#1;!13%X#1;!&2<!24%1#!%2/#$6#$^
#2-#!-&2!$#1)'/!6$4*!Y#&/0#$!-42<%/%421!4$!6$4*!4/0#$!
&33'%&2-#1!+#%2=!/)$2#<!42!4$!4667!+"&#$;1$3?$&=A$&
12?R&"D&#3B3E2>E&=A$&=1$3#B2%%]&3%P3Q?&<?$&3&?<1E$&
?<::1$??"1&P2=A&=A$&=1$3#B2%%(&+"&:<1;A3?$&3&?<1E$&
?<::1$??"1]&?$$&:1$;3<=2">&-\&">&:3E$&.(
I1#!42'9!&!1)$=#!1)33$#114$!/0&/!%1!IC!RggV!'%1/#<!&1!&!
/$&21%#2/!54'/&=#!1)$=#!1)33$#114$!dFT""e7!F0#!1)$=#!
1)33$#114$!*)1/!0&5#!&!IC!1)33$#11#<!54'/&=#!$&/%2=!
46!gWW!54'/1!4$!'#11!&2<!&!*%2%*)*!1)$=#!<%11%3&/%42!46!
gNW!]4)'#17!F0#!1)$=#!1)33$#114$!*)1/!&'14!+#!#'#-/$%^
-&''9!$&/#<!64$!RGW!54'/1!>B!&2<!RN!&*317!F0#$#!*)1/!
+#!&!*42%/4$%2=!'%=0/!42!/0#!1)$=#!1)33$#114$!/4!%2<%^
-&/#!Y0#/0#$!%/!%1!6)2-/%42%2=!3$43#$'97!*32%<1$&="&<?$&3&
:1":$1%Q&D<>;=2">2>E&?<1E$&?<::1$??"1&;"<%#&1$?<%=&
2>&#3B3E$&="&=A$&;">=1"%&?Q?=$B&"D&=A$&=1$3#B2%%&
3>#&?$12"<?&2>c<1Q&="&<?$1?(
)%<E&2>&=A$&)"P$1&4"1#
+A$&=1$3#B2%%&B<?=&C$&E1"<>#$#(&86!%/!104)'<!*&'6)2-^
/%42!4$!+$#&X!<4Y2;!=$4)2<%2=!3$45%<#1!&!3&/0!46!'#&1/!
$#1%1/&2-#!64$!#'#-/$%-!-)$$#2/!/4!$#<)-#!/0#!$%1X!46!#'#-^
/$%-!104-X7!F0#!/$#&<*%''!34Y#$!-4$<!0&1!&!3')=!Y%/0!&!
=$4)2<%2=!3%2!d1##!<$&Y%2=!R!42!/0%1!3&=#e7
D')=!/0#!34Y#$!-4$<!%2/4!&!1)$=#!1)33$#114$;!&2<!3')=!
/0#!1)$=#!1)33$#114$!%2/4!&2!&33$43$%&/#!4)/'#/!/0&/!%1!
3$43#$'9!%21/&''#<!&2<!=$4)2<#<!%2!&--4$<&2-#!Y%/0!&''!
'4-&'!-4<#1!&2<!4$<%2&2-#17!+A$&"<=%$=&B<?=&C$&">&3&
>"B2>3%&-\/@G"%=&;21;<2=&;3:3C%$&"D&;311Q2>E&-U&"1&
B"1$&3B:?(&+"&3G"2#&"G$1%"3#2>E&=A$&;21;<2=]&#"&
>"=&:%<E&"=A$1&$%$;=12;3%&#$G2;$?]&$_;$:=&D"1&%"P@
:"P$1&#$G2;$?&?<;A&3?&;$%%&:A">$&;A31E$1?]&2>="&
=A$&?<1E$&?<::1$??"1&"1&2>="&3>&"<=%$=&">&=A$&?3B$&
;21;<2=(&7!)89+5'+N&+A$&=1$3#B2%%&2?&>"=&;"B:3=@
2C%$&P2=A&^*47@$F<2::$#&"<=%$=?&3>#&B3Q&>"=&C$&
;"B:3=2C%$&P2=A&5*47@$F<2::$#&"<=%$=?(
>!/#*34$&$9!
&<&3/#$!*&9!
+#!)1#<!/4!
-422#-/!/0#!
1)$=#!1)3^
3$#114$!/4!
&!G^34'#!
$#-#3/&-'#!
%6!&!3$43#$'9!
=$4)2<#<!
4)/'#/!%1!24/!
&5&%'&+'#7
F0#!')=!4$!Y%$#!#`/#2<%2=!6$4*!/0#!&<&3/#$!*)1/!
+#!-422#-/#<!Y%/0!&!*#/&'!1-$#Y!/4!&!3#$*&2#2/!
=$4)2<!1)-0!&1!&!3$43#$'9!=$4)2<#<!4)/'#/!+4`!-45#$7!
0"B$&\@:"%$&1$;$:=3;%$&"<=%$=&C"_&;"G$1?&31$&>"=&
E1"<>#$#(&Z$D"1$&<?2>E&3>&3#3:=$1]&;">=3;=&3&F<3%2@
D2$#&$%$;=12;23>&="&#$=$1B2>$&PA$=A$1&=A$&"<=%$=&C"_&
;"G$1&2?&E1"<>#$#(&+A$&=$B:"131Q&3#3:=$1&?A"<%#&
C$&<?$#&">%Q&<>=2%&3&:1":$1%Q&E1"<>#$#&"<=%$=&;3>&
C$&2>?=3%%$#&CQ&3&F<3%2D2$#&$%$;=12;23>(
&&&&&&K5'^I9N&7B:1":$1&;">>$;=2">&
"D&=A$&:"P$1&;"1#&2>;1$3?$?&=A$&12?R&"D&$%$;@
=12;&?A";R(&K"&>"=&B"#2DQ&=A$&:%<Ej2D&2=&P2%%&
>"=&D2=&3>&"<=%$=]&A3G$&3&:1":$1&"<=%$=&2>?=3%%$#&
CQ&3&F<3%2D2$#&$%$;=12;23>(&7D&Q"<&31$&<>?<1$&
PA$=A$1&=A$&=1$3#B2%%&2?&:1":$1%Q&E1"<>#$#]&
;">=3;=&3&F<3%2D2$#&$%$;=12;23>(&
R
")$=#!
")33$#114$
@$4)2<%2=!D%2
@$4)2<#<!H)/'#/
G
><&3/#$
G^34'#!?#-#3/&-'#
C)=
@$4)2<%2=!D%2
E#/&'!
"-$#Y
-a
*I5+69I0&8*&+LI&48'08,I&
F0#!/$#&<*%''!-4214'#!466#$1!&2!%*3$#11%5#!&$$&9!46!
6#&/)$#1!<#1%=2#<!/4!*&X#!94)$!Y4$X4)/1!*4$#!#66#-^
/%5#!&2<!#2]49&+'#7!.0#2!94)!)1#!/0#!*&2)&'!*4<#;!
94)!-&2!-0&2=#!/0#!13##<!&2<!%2-'%2#!46!/0#!/$#&<*%''!
Y%/0!/0#!/4)-0!46!&!+)//427!>1!94)!#`#$-%1#;!/0#!-42^
14'#!Y%''!<%13'&9!%21/&2/!#`#$-%1#!6##<+&-X7!M4)!-&2!
#5#2!*#&1)$#!94)$!0#&$/!$&/#!)1%2=!/0#!0&2<=$%3!0#&$/!
$&/#!*42%/4$!4$!/0#!-0#1/!0#&$/!$&/#!*42%/4$7
82!&<<%/%42;!/0#!-4214'#!6#&/)$#1!/Y#2/9^64)$!42+4&$<!
Y4$X4)/1n1%`!-&'4$%#!Y4$X4)/1;!1%`!0%=0^%2/#21%/9!
d-4*+%2#<!13##<!&2<!%2-'%2#e!Y4$X4)/1;!1%`!13##<!
Y4$X4)/1;!&2<!1%`!%2-'%2#!Y4$X4)/17!A&-0!Y4$X4)/!&)/4^
*&/%-&''9!-42/$4'1!/0#!/$#&<*%''!&1!%/!=)%<#1!94)!/0$4)=0!
&2!#66#-/%5#!#`#$-%1#!1#11%427!
F0#!-4214'#!&'14!6#&/)$#1!&!$#54')/%42&$9!%L%/!C%5#!
*4<#!/0&/!#2&+'#1!/0#!/$#&<*%''!/4!-4**)2%-&/#!Y%/0!
94)$!Y%$#'#11!2#/Y4$X!/0$4)=0!&2!43/%42&'!%L%/!C%5#!
*4<)'#7!.%/0!/0#!%L%/!C%5#!*4<#;!94)!-&2!<4Y2'4&<!
3#$142&'%[#<!Y4$X4)/1;!-$#&/#!94)$!4Y2!Y4$X4)/1;!
/$&-X!94)$!Y4$X4)/!$#1)'/1;!$&-#!&=&%21/!4/0#$!%L%/!C%5#!
)1#$1;!&2<!&--#11!*&29!4/0#$!6#&/)$#17!+"&:<1;A3?$&
3>&2*2=&,2G$&B"#<%$&3=&3>Q&=2B$]&E"&="&PPP(2*2=(;"B&
"1&;3%%&=A$&=$%$:A">$&><BC$1&">&=A$&D1">=&;"G$1&"D&
=A2?&B3><3%(&
M4)!-&2!#5#2!'%1/#2!/4!94)$!6&54$%/#!Y4$X4)/!*)1%-!4$!
&)<%4!+44X1!Y%/0!/0#!-4214'#_1!1/#$#4!14)2<!191/#*!
Y0%'#!94)!#`#$-%1#7!
+"&=<1>&">&=A$&:"P$1]!1##!3&=#!Rc7!+"&<?$&=A$&
B3><3%&B"#$]!1##!3&=#!Rc7!+"&<?$&3>&">C"31#&
P"1R"<=]!1##!3&=#!GR7!+"&<?$&3>&2*2=&,2G$&P"1R"<=]!
1##!3&=#!GG7!+"&<?$&=A$&;""%@#"P>&B"#$]!1##!3&=#!
GJ7!+"&<?$&=A$&?=$1$"&?"<>#&?Q?=$B]!1##!3&=#!GJ7!
+"&<?$&=A$&2>D"1B3=2">&B"#$]!1##!3&=#!Gg7
7!)89+5'+N&7D&=A$1$&31$&?A$$=?&"D&:%3?=2;&">&=A$&
;">?"%$]&1$B"G$&=A$&:%3?=2;(&+"&:1$G$>=&#3B3E$&
="&=A$&P3%R2>E&:%3=D"1B]&P$31&;%$3>&3=A%$=2;&?A"$?&
PA2%$&<?2>E&=A$&=1$3#B2%%(&+A$&&1?=&=2B$&Q"<&<?$&
=A$&=1$3#B2%%]&"C?$1G$&=A$&3%2E>B$>=&"D&=A$&P3%R2>E&
C$%=]&3>#&;$>=$1&=A$&P3%R2>E&C$%=&2D&>$;$??31Q&O?$$&
:3E$&\TS(
48'08,I&K75^95!
-T
L8Y&+8&+69'&8'&+LI&)8YI9
7!)89+5'+N&7D&=A$&=1$3#B2%%&A3?&C$$>&$_:"?$#&="&
;"%#&=$B:$13=<1$?]&3%%"P&2=&="&P31B&="&1""B&=$B@
:$13=<1$&C$D"1$&=<1>2>E&">&=A$&:"P$1(&7D&Q"<&#"&>"=&
#"&=A2?]&Q"<&B3Q&#3B3E$&=A$&;">?"%$&#2?:%3Q?&"1&
"=A$1&$%$;=12;3%&;"B:">$>=?(
D')=!%2!/0#!34Y#$!-4$<!d1##!
3&=#!RPe7!(#`/;!'4-&/#!/0#!
34Y#$!1Y%/-0!42!/0#!/$#&<^
*%''!6$&*#!2#&$!/0#!34Y#$!
-4$<7!D$#11!/0#!34Y#$!
1Y%/-0!%2/4!/0#!$#1#/!
341%/%427!
7!)89+5'+N&+A$&;">?"%$&D$3=<1$?&3&#2?:%3Q&#$B"&
B"#$]&#$?2E>$#&="&C$&<?$#&2D&=A$&=1$3#B2%%&2?&#2?@
:%3Q$#&2>&3&?="1$(&7D&=A$&#2?:%3Q?&%2EA=&3?&?"">&3?&
Q"<&:%<E&2>&=A$&:"P$1&;"1#&3>#&:1$??&=A$&:"P$1&
?P2=;A&2>="&=A$&1$?$=&:"?2=2">]&=A$&#$B"&B"#$&2?&
=<1>$#&">(&+"&=<1>&"DD&=A$&#$B"&B"#$]&A"%#&#"P>&
=A$&0=":&C<==">&D"1&3&D$P&?$;">#?(&7D&=A$&#2?:%3Q?&
1$B32>&%2=]&?$$&+LI&7'*89!5+78'&!8KI&">&:3E$&
\X&="&=<1>&"DD&=A$&#$B"&B"#$(&
(#`/;!1/&2<!42!/0#!
644/!$&%'1!46!/0#!
/$#&<*%''7!L%2<!/0#!
-'%3!&//&-0#<!/4!/0#!
X#9!&2<!1'%<#!/0#!
-'%3!42/4!/0#!Y&%1/^
+&2<!46!94)$!-'4/0#17!
F0#2;!%21#$/!/0#!
X#9!%2/4!/0#!-4214'#7!>6/#$!&!*4*#2/;!/0#!<%13'&91!Y%''!
'%=0/7!7!)89+5'+N&7>&3>&$B$1E$>;Q]&=A$&R$Q&;3>&C$&
:<%%$#&D1"B&=A$&;">?"%$]&;3<?2>E&=A$&P3%R2>E&C$%=&
="&?%"P&="&3&?=":(&+$?=&=A$&;%2:&CQ&;31$D<%%Q&=3R2>E&
3&D$P&?=$:?&C3;RP31#M&2D&=A$&R$Q&2?&>"=&:<%%$#&D1"B&
=A$&;">?"%$]&3#c<?=&=A$&:"?2=2">&"D&=A$&;%2:(
(4/#Z!F0#!-4214'#!-&2!<%13'&9!13##<!&2<!<%1/&2-#!
%2!#%/0#$!*%'#1!4$!X%'4*#/#$17!F4!!2<!Y0%-0!)2%/!46!
*#&1)$#*#2/!%1!1#'#-/#<;!1##!FOA!8(LH?E>F8H(!
EH,A!42!3&=#!Gg7!L4$!1%*3'%-%/9;!&''!%21/$)-/%421!%2!/0%1!
*&2)&'!$#6#$!/4!*%'#17!
L8Y&+8&60I&+LI&!5'65,&!8KI
-(& &&7>?$1=&=A$&R$Q&2>="&=A$&;">?"%$(&
!!"##!OH.!FH!FI?(!H(!FOA!DH.A?!&/!/0#!'#6/7
\(& &0$%$;=&=A$&B3><3%&B"#$(
&!86!/0#!*&2)&'!*4<#!%1!24/!1#'#-/#<;!3$#11!/0#!
E&2)&'!+)//42!42!/0#!-4214'#7!
.(& 0=31=&=A$&P3%R2>E&C$%=(&
!!!F4!1/&$/!/0#!Y&'X%2=!+#'/;!3$#11!/0#!"/&$/!+)//42;!/0#!
"3##<!%2-$#&1#!+)//42;!4$!42#!46!/0#!2)*+#$#<!
o)%-X!"3##<!+)//4217!
!!86!94)!3$#11!/0#!"/&$/!+)//42!4$!/0#!"3##<!%2-$#&1#!
+)//42;!/0#!Y&'X%2=!+#'/!Y%''!+#=%2!/4!*45#!&/!R!
*307!>1!94)!#`#$-%1#;!-0&2=#!/0#!13##<!46!/0#!
Y&'X%2=!+#'/!&1!<#1%$#<!+9!3$#11%2=!/0#!"3##<!
%2-$#&1#!&2<!<#-$#&1#!+)//4217!A&-0!/%*#!94)!
3$#11!42#!46!/0#!+)//421;!/0#!13##<!1#//%2=!Y%''!
-0&2=#!+9!W7R!*30l!%6!94)!04'<!<4Y2!/0#!+)//42;!
/0#!13##<!1#//%2=!Y%''!-0&2=#!%2!%2-$#*#2/1!46!W7N!
*307!(4/#Z!>6/#$!94)!3$#11!/0#!+)//42;!%/!*&9!/&X#!
&!*4*#2/!64$!/0#!Y&'X%2=!+#'/!/4!$#&-0!/0#!1#'#-/#<!
13##<!1#//%2=7
!!!86!94)!3$#11!42#!46!/0#!2)*+#$#<!o)%-X!"3##<!+)/^
/421;!/0#!Y&'X%2=!+#'/!Y%''!=$&<)&''9!-0&2=#!13##<!
)2/%'!%/!$#&-0#1!/0#!1#'#-/#<!13##<!1#//%2=7!F4!1#'#-/!
&!13##<!1#//%2=!/0&/!%2-')<#1!&!<#-%*&'n1)-0!&1!
J7N!*30n3$#11!/Y4!2)*+#$#<!+)//421!%2!1)-^
-#11%427!L4$!#`&*3'#;!/4!1#'#-/!&!13##<!1#//%2=!46!
J7N!*30;!3$#11!/0#!J!+)//42!&2<!/0#2!%**#<%&/#'9!
3$#11!/0#!N!+)//427
!!F4!1/43!/0#!Y&'X%2=!+#'/;!3$#11!/0#!"/43!+)//427!F0#!
/%*#!Y%''!+#=%2!/4!!&10!%2!/0#!<%13'&97!F4!$#1/&$/!/0#!
Y&'X%2=!+#'/;!3$#11!/0#!"/&$/!+)//42!4$!/0#!"3##<!
%2-$#&1#!+)//427!
?#1#/
a#9
B'%3
-b
!!X(& 4A3>E$&=A$&2>;%2>$&"D&=A$&=1$3#B2%%&3?&#$?21$#(
!!!!F4!-0&2=#!/0#!%2-'%2#!46!/0#!/$#&<*%'';!3$#11!/0#!
82-'%2#!%2-$#&1#!4$!<#-$#&1#!+)//42!4$!42#!46!/0#!
2)*+#$#<!o)%-X!82-'%2#b,#-'%2#!+)//4217!A&-0!
/%*#!94)!3$#11!42#!46!/0#!+)//421;!/0#!/$#&<*%''!Y%''!
=$&<)&''9!&<])1/!/4!/0#!1#'#-/#<!%2-'%2#!1#//%2=7
!!M4)$!/$#&<*%''!Y&'X%2=!+#'/!0&1!+##2!#*+#<<#<!
Y%/0!&!0%=0^3#$64$*&2-#!'%6#/%*#!')+$%-&2/!/4!$#<)-#!
6$%-/%42;!#`/#2<!'%6#;!&2<!$#<)-#!34Y#$!-421)*3^
/%427!F0%1!13#-%&'!')+$%-&2/!$#:)%$#1!&!+$#&X^%2!
3#$%4<!/4!&-0%#5#!43/%*&'!3#$64$*&2-#7!K<12>E&=A$&
&1?=&\/&A"<1?&"D&":$13=2">]&<?$&=A$&=1$3#B2%%&3=&
%"P&2>;%2>$&?$==2>E?(
U(& &*"%%"P&Q"<1&:1"E1$??&P2=A&=A$&#2?:%3Q?(
!!>1!94)!Y&'X!4$!$)2!42!/0#!/$#&<*%'';!/0#!<%13'&9!-&2!
104Y!/0#!64''4Y%2=!Y4$X4)/!%264$*&/%42Z
! f!!!F0#!#'&31#<!/%*#
! f!!!F0#!<%1/&2-#!/0&/!94)!0&5#!Y&'X#<!4$!$)2
! f! F0#!Y4$X4)/!%2/#21%/9!+&$
! f!!!F0#!&33$4`%*&/#!2)*+#$!46!-&'4$%#1!94)!0&5#!
+)$2#<
! f!!!F0#!%2-'%2#!'#5#'!46!/0#!/$#&<*%''
! f! F0#!2)*+#$!46!5#$/%-&'!6##/!94)!0&5#!-'%*+#<
! f!!!F0#!13##<!46!/0#!Y&'X%2=!+#'/!
! f!!!M4)$!0#&$/!$&/#!d1##!1/#3!P!42!3&=#!GWe
! f! F0#!*&/$%`
!!F0#!*&/$%`!466#$1!1#5#$&'!<%13'&9!/&+17!D$#11!/0#!
%2-$#&1#!&2<!<#-$#&1#!+)//42!2#`/!/4!/0#!A2/#$!
+)//42!)2/%'!/0#!<#1%$#<!/&+!%1!104Y27!
!!F0#!82-'%2#!/&+!Y%''!104Y!&!3$4!'#!46!/0#!%2-'%2#!1#/^
/%2=1!46!/0#!Y4$X4)/7!>!2#Y!1#=*#2/!Y%''!&33#&$!&/!
/0#!#2<!46!#&-0!*%2)/#7!F0#!"3##<!/&+!Y%''!104Y!&!
3$4!'#!46!/0#!13##<!1#//%2=1!46!/0#!Y4$X4)/7!
!!F0#!E9!F$&%'!/&+!Y%''!104Y!&!/$&-X!/0&/!$#3$#1#2/1!
Rbg!*%'#!dgWW!*e7!>1!94)!#`#$-%1#;!/0#!!&10%2=!
$#-/&2='#!Y%''!104Y!94)$!3$4=$#117!F0#!E9!F$&%'!/&+!
Y%''!&'14!104Y!/0#!2)*+#$!46!'&31!94)!-4*3'#/#7!
!!F0#!B&'4$%#!/&+!Y%''!104Y!/0#!&33$4`%*&/#!&*4)2/!
46!-&'4$%#1!94)!0&5#!+)$2#<7!F0#!0#%=0/!46!#&-0!
1#=*#2/!$#3$#1#2/1!/0#!&*4)2/!46!-&'4$%#1!+)$2#<!
<)$%2=!/0&/!1#=*#2/7
!!>1!94)!#`#$-%1#;!/0#!Y4$X4)/!%2/#21%/9!'#5#'!+&$!Y%''!
%2<%-&/#!/0#!&33$4`%*&/#!%2/#21%/9!'#5#'!46!94)$!
#`#$-%1#7
!!D$#11!/0#!O4*#!+)//42!/4!$#/)$2!/4!/0#!<#6&)'/!
*#2)!d1##!FOA!8(LH?E>F8H(!EH,A!42!3&=#!
Gg!/4!1#/!/0#!<#6&)'/!*#2)e7!86!2#-#11&$9;!3$#11!/0#!
O4*#!+)//42!&=&%27
!!.0#2!&!Y%$#'#11!%L%/!C%5#!
*4<)'#!%1!-422#-/#<;!/0#!
Y%$#'#11!19*+4'!&/!/0#!/43!
46!/0#!<%13'&9!Y%''!104Y!/0#!
1/$#2=/0!46!94)$!Y%$#'#11!
1%=2&'7!L4)$!&$-1!%2<%-&/#!6)''!
1%=2&'!1/$#2=/07
!!F4!$#1#/!/0#!<%13'&91;!3$#11!/0#!"/43!+)//42;!$#^
*45#!/0#!X#9;!&2<!/0#2!$#%21#$/!/0#!X#97
\/
W(& !$3?<1$&Q"<1&A$31=&13=$&2D&#$?21$#(
!!!'"=$N&7D&Q"<&<?$&=A$&A3>#E12:&A$31=&13=$&B">2@
="1&3>#&=A$&;A$?=&A$31=&13=$&B">2="1&3=&=A$&?3B$&
=2B$]&=A$&;">?"%$&P2%%&>"=&#2?:%3Q&Q"<1&A$31=&
13=$&3;;<13=$%Q(!L4$!%264$*&/%42!&+4)/!/0#!-0#1/!
0#&$/!$&/#!*42%/4$;!1##!3&=#!RN7
!!K#64$#!)1%2=!
/0#!0&2<^
=$%3!0#&$/!
$&/#!*42%/4$;!
$#*45#!/0#!
10##/1!46!3'&1^
/%-!6$4*!/0#!
*#/&'!-42/&-/1!
42!/0#!3)'1#!
+&$7!82!&<<%^
/%42;!*&X#!
1)$#!/0&/!94)$!0&2<1!&$#!-'#&27!
!!F4!*#&1)$#!94)$!0#&$/!$&/#;!?=3>#&">&=A$&D""=&
132%?!&2<!04'<!/0#!3)'1#!+&$!Y%/0!94)$!3&'*1!42!/0#!
*#/&'!-42/&-/1l!3G"2#&B"G2>E&Q"<1&A3>#?(!.0#2!
94)$!3)'1#!%1!<#/#-/#<;!94)$!0#&$/!$&/#!Y%''!+#!
104Y27!*"1&=A$&B"?=&3;;<13=$&A$31=&13=$&1$3#@
2>E]&;">=2><$&="&A"%#&=A$&;">=3;=?&D"1&3C"<=&-U&
?$;">#?(!
a(& +<1>&">&=A$&D3>&2D&#$?21$#(
!!!!!F0#!6&2!6#&/)$#1!1#5#$&'!13##<!1#//%2=17!D$#11!/0#!
L&2!%2-$#&1#!4$!<#-$#&1#!+)//42!/4!1#'#-/!&!6&2!
13##<!4$!/4!/)$2!466!/0#!6&27!(4/#Z!86!/0#!6&2!%1!42!
Y0#2!/0#!Y&'X%2=!+#'/!%1!1/433#<;!/0#!6&2!Y%''!/)$2!
466!&)/4*&/%-&''9!&6/#$!&!6#Y!*%2)/#17
T(& &&YA$>&Q"<&31$&&>2?A$#&$_$1;2?2>E]&1$B"G$&=A$&
R$Q&D1"B&=A$&;">?"%$(
!!!"/#3!42/4!/0#!644/!$&%'1;!3$#11!/0#!"/43!+)//42;!&2<!
3#c<?=&=A$&2>;%2>$&"D&=A$&=1$3#B2%%&="&f$1"&:$1@
;$>=(!+A$&2>;%2>$&B<?=&C$&3=&f$1"&:$1;$>=&"1&Q"<&
B3Q&#3B3E$&=A$&=1$3#B2%%&PA$>&Q"<&D"%#&2=&="&
=A$&?="13E$&:"?2=2">(&(#`/;!$#*45#!/0#!X#9!6$4*!
/0#!-4214'#!&2<!3)/!%/!%2!&!1#-)$#!3'&-#7!!
!!.0#2!94)!&$#!!2%10#<!)1%2=!/0#!/$#&<*%'';!3$#11!
/0#!34Y#$!1Y%/-0!%2/4!/0#!466!341%/%42!&2<!)23')=!
/0#!34Y#$!-4$<7!7!)89+5'+N&7D&Q"<&#"&>"=&#"&
=A2?]&=A$&=1$3#B2%%[?&$%$;=12;3%&;"B:">$>=?&B3Q&
P$31&:1$B3=<1$%Q(&
B42/&-/1
\-
L8Y&+8&60I&5'&8'Z859K&Y89`86+
-(& &&7>?$1=&=A$&R$Q&2>="&=A$&;">?"%$(&
!!"##!OH.!FH!FI?(!H(!FOA!DH.A?!42!3&=#!Rc7!
\(& 0$%$;=&3>&">C"31#&P"1R"<=(
!!F4!1#'#-/!&2!42+4&$<!Y4$X4)/;!3$#11!/0#!B&'4$%#!
+)//42;!/0#!82/#21%/9!+)//42;!/0#!"3##<!+)//42;!4$!
/0#!82-'%2#!+)//42!$#3#&/#<'9!)2/%'!/0#!<#1%$#<!Y4$X^
4)/!&33#&$1!%2!/0#!<%13'&97
!!.0#2!94)!1#'#-/!&2!42+4&$<!Y4$X4)/;!/0#!<%13'&9!
Y%''!104Y!/0#!<)$&/%42;!/0#!<%1/&2-#;!&2<!/0#!2&*#!
46!/0#!Y4$X4)/7!82!&<<%/%42;!&!3$4!'#!46!/0#!13##<!
1#//%2=1!46!/0#!Y4$X4)/!Y%''!&33#&$!%2!/0#!*&/$%`7!86!
94)!1#'#-/!&!-&'4$%#!Y4$X4)/;!/0#!&33$4`%*&/#!2)*^
+#$!46!-&'4$%#1!94)!Y%''!+)$2!Y%''!&33#&$!%2!/0#!2&*#!
46!/0#!Y4$X4)/7
.(& 0=31=&=A$&P"1R"<=(
&!D$#11!/0#!"/&$/!+)//42!4$!/0#!"3##<!%2-$#&1#!+)//42!
/4!1/&$/!/0#!Y4$X4)/7!>!*4*#2/!&6/#$!94)!3$#11!/0#!
+)//42;!/0#!/$#&<*%''!Y%''!&)/4*&/%-&''9!&<])1/!/4!/0#!
!$1/!13##<!&2<!%2-'%2#!1#//%2=1!46!/0#!Y4$X4)/7!O4'<!
/0#!0&2<$&%'1!&2<!+#=%2!Y&'X%2=7!
&&&A&-0!Y4$X4)/!%1!<%5%<#<!%2/4!1#=*#2/17!H2#!13##<!
1#//%2=!&2<!42#!%2-'%2#!1#//%2=!&$#!3$4=$&**#<!64$!
#&-0!1#=*#2/7!(4/#Z!F0#!1&*#!13##<!1#//%2=!&2<b
4$!%2-'%2#!1#//%2=!*&9!+#!3$4=$&**#<!64$!-421#-)^
/%5#!1#=*#2/17!
!!,)$%2=!/0#!
Y4$X4)/;!/0#!
3$4!'#1!42!
/0#!13##<!
&2<!%2-'%2#!
/&+1!Y%''!
104Y!94)$!
3$4=$#117!
F0#!!&10%2=!1#=*#2/!46!/0#!3$4!'#!$#3$#1#2/1!/0#!
-)$$#2/!1#=*#2/!46!/0#!Y4$X4)/7!F0#!0#%=0/!46!/0#!
!&10%2=!1#=*#2/!%2<%-&/#1!/0#!13##<!4$!%2-'%2#!1#/^
/%2=!64$!/0#!-)$$#2/!1#=*#2/7!
!!>/!/0#!#2<!46!#&-0!1#=*#2/;!&!1#$%#1!46!/42#1!Y%''!
14)2<!&2<!/0#!2#`/!1#=*#2/!46!/0#!3$4!'#!Y%''!+#=%2!
/4!!&107!86!&!<%66#$#2/!13##<!&2<b4$!%2-'%2#!1#//%2=!%1!
3$4=$&**#<!64$!/0#!2#`/!1#=*#2/;!/0#!2#Y!13##<!
&2<b4$!%2-'%2#!1#//%2=1!Y%''!&33#&$!%2!/0#!<%13'&9!64$!
&!6#Y!1#-42<1!&2<!/0#!/$#&<*%''!Y%''!&)/4*&/%-&''9!
&<])1/!/4!/0#!2#Y!13##<!&2<b4$!%2-'%2#!1#//%2=7
!!!F0#!Y4$X4)/!Y%''!-42/%2)#!%2!/0%1!Y&9!)2/%'!/0#!'&1/!
1#=*#2/!46!/0#!3$4!'#!!&10#1!%2!/0#!<%13'&9!&2<!/0#!
'&1/!1#=*#2/!#2<17!F0#!Y&'X%2=!+#'/!Y%''!/0#2!1'4Y!
/4!&!1/437!
&&'"=$N&+A$&;3%"12$&E"3%&2?&3>&$?=2B3=$&"D&=A$&
><BC$1&"D&;3%"12$?&=A3=&Q"<&P2%%&C<1>&#<12>E&
=A$&P"1R"<=(&+A$&3;=<3%&><BC$1&"D&;3%"12$?&=A3=&
Q"<&C<1>&P2%%&#$:$>#&">&Q"<1&B$=3C"%2;&13=$(&7>&
3##2=2">]&2D&Q"<&B3><3%%Q&;A3>E$&=A$&?:$$#&"1&
2>;%2>$&"D&=A$&=1$3#B2%%&#<12>E&=A$&P"1R"<=]&=A$&
><BC$1&"D&;3%"12$?&Q"<&C<1>&P2%%&C$&3DD$;=$#(
!!86!/0#!13##<!4$!%2-'%2#!1#//%2=!%1!/44!0%=0!4$!/44!'4Y!
&/!&29!/%*#!<)$%2=!/0#!Y4$X4)/;!94)!-&2!*&2)^
&''9!45#$$%<#!/0#!1#//%2=!+9!3$#11%2=!/0#!"3##<!4$!
82-'%2#!+)//421l!A"P$G$1]&PA$>&=A$&>$_=&?$EB$>=&
"D&=A$&P"1R"<=&C$E2>?]&=A$&=1$3#B2%%&P2%%&3<="@
B3=2;3%%Q&3#c<?=&="&=A$&?:$$#&3>#&2>;%2>$&?$=@
=2>E?&D"1&=A$&>$_=&?$EB$>=(
!!F4!1/43!/0#!Y4$X4)/!&/!&29!/%*#;!3$#11!/0#!"/43!
+)//427!F0#!/%*#!Y%''!+#=%2!/4!6'&10!%2!/0#!<%13'&97!
F4!$#1)*#!/0#!Y4$X4)/;!3$#11!/0#!"/&$/!+)//42!4$!
/0#!"3##<!%2-$#&1#!+)//427!F0#!Y&'X%2=!+#'/!Y%''!
+#=%2!/4!*45#!&/!R!*307!.0#2!/0#!2#`/!1#=*#2/!46!
/0#!Y4$X4)/!+#=%21;!/0#!/$#&<*%''!Y%''!&)/4*&/%-&''9!
&<])1/!/4!/0#!13##<!&2<!%2-'%2#!1#//%2=1!64$!/0#!2#`/!
1#=*#2/7
X(& !*"%%"P&Q"<1&:1"E1$??&P2=A&=A$&#2?:%3Q?(!
!!"##!1/#3!N!42!3&=#!RV7!F0#!<%13'&9!Y%''!104Y!/0#!
/%*#!$#*&%2%2=!%21/#&<!46!/0#!#'&31#<!/%*#7
U(& !$3?<1$&Q"<1&A$31=&13=$&2D&#$?21$#(
!!!"##!1/#3!P!42!3&=#!GW7
W(& +<1>&">&=A$&D3>&2D&#$?21$#(
! "##!1/#3!Q!42!3&=#!GW7
a(& &YA$>&Q"<&31$&&>2?A$#&$_$1;2?2>E]&1$B"G$&=A$&
R$Q&D1"B&=A$&;">?"%$(
! "##!1/#3!c!42!3&=#!GW7
B)$$#2/!"#=*#2/
\\
L8Y&+8&60I&5'&7*7+&,7dI&Y89`86+
(4/#Z!F4!)1#!&2!%L%/!C%5#!Y4$X4)/;!94)!*)1/!0&5#!&2!
43/%42&'!%L%/!C%5#!*4<)'#7!+"&:<1;A3?$&3>&2*2=&,2G$&
B"#<%$&3=&3>Q&=2B$]&E"&="&PPP(2*2=(;"B&"1&;3%%&=A$&
=$%$:A">$&><BC$1&">&=A$&D1">=&;"G$1&"D&=A2?&B3>@
<3%(&M4)!*)1/!&'14!0&5#!&--#11!/4!&!-4*3)/#$!Y%/0!&!
I"K!34$/!&2<!&2!%2/#$2#/!-422#-/%427!82!&<<%/%42;!94)!
*)1/!0&5#!&--#11!/4!&!Y%$#'#11!2#/Y4$X!%2-')<%2=!&2!
cWG7RR+!$4)/#$!Y%/0!""8,!+$4&<-&1/!#2&+'#<!d0%<<#2!
2#/Y4$X1!&$#!24/!1)334$/#<e7!>2!%L%/7-4*!*#*+#$10%3!
%1!&'14!$#:)%$#<7!!
-(& &&7>?$1=&=A$&R$Q&2>="&=A$&;">?"%$(&
!!"##!OH.!FH!FI?(!H(!FOA!DH.A?!42!3&=#!Rc7
\(& 7>?$1=&=A$&2*2=&,2G$&B"#<%$&2>="&=A$&;">?"%$(
!!F4!%21#$/!/0#!%L%/!C%5#!*4<)'#;!1##!/0#!%21/$)-/%421!
%2-')<#<!Y%/0!/0#!%L%/!C%5#!*4<)'#7!
&&7!)89+5'+N&+"&?3=2?DQ&$_:"?<1$&;"B:%23>;$&
1$F<21$B$>=?]&=A$&3>=$>>3&3>#&=13>?B2==$1&2>&
=A$&2*2=&,2G$&B"#<%$&B<?=&C$&3=&%$3?=&T&2>(&O\/&
;BS&D1"B&3%%&:$1?">?&3>#&B<?=&>"=&C$&>$31&"1&
;">>$;=$#&="&3>Q&"=A$1&3>=$>>3&"1&=13>?B2==$1(
.(& 0$%$;=&3&<?$1(
!!86!*4$#!/0&2!42#!)1#$!%1!$#=%1/#$#<;!94)!-&2!1Y%/-0!
)1#$1!%2!/0#!%L%/!C%5#!*&%2!1-$##27!D$#11!/0#!%2^
-$#&1#!&2<!<#-$#&1#!+)//421!2#`/!/4!/0#!A2/#$!+)/^
/42!/4!1#'#-/!&!)1#$7
X(& 0$%$;=&3>&2*2=&,2G$&P"1R"<=(
& T 4!1#'#-/!&2!%L%/!C%5#!Y4$X4)/;!3$#11!42#!46!/0#!%L%/!
C%5#!+)//4217!K#64$#!14*#!Y4$X4)/1!Y%''!<4Y2'4&<;!
94)!*)1/!&<<!/0#*!/4!94)$!1-0#<)'#!42!
YYY7%L%/7-4*7
!!D$#11!/0#!%L%/!C%5#!+)//42!/4!<4Y2'4&<!/0#!2#`/!
Y4$X4)/!%2!94)$!1-0#<)'#7!D$#11!/0#!E9!F$&%2#$!
+)//42;!/0#!E9!E&31!+)//42;!/0#!.4$'<!F4)$!+)/^
/42;!4$!/0#!A5#2/!F$&%2%2=!+)//42!/4!<4Y2'4&<!/0#!
2#`/!Y4$X4)/!46!/0&/!/93#!%2!94)$!1-0#<)'#7!D$#11!
/0#!B4*3#/#!+)//42!/4!-4*3#/#!%2!&!$&-#!/0&/!94)!
0&5#!3$#5%4)1'9!1-0#<)'#<7!*"1&B"1$&2>D"1B3=2">&
3C"<=&2*2=&,2G$&P"1R"<=?]&:%$3?$&?$$&
PPP(2*2=(;"B(!(4/#Z!86!/0#$#!&$#!24!Y4$X4)/1!46!
/0#!1#'#-/#<!/93#!%2!94)$!1-0#<)'#;!/0#!2#`/!Y4$X^
4)/!%2!94)$!1-0#<)'#!Y%''!+#!<4Y2'4&<#<7
!!.0#2!94)!1#'#-/!&2!%L%/!C%5#!Y4$X4)/;!/0#!<%13'&9!
Y%''!104Y!/0#!<)$&/%42!46!/0#!Y4$X4)/;!/0#!<%1/&2-#!
94)!Y%''!Y&'X!4$!$)2;!/0#!&33$4`%*&/#!2)*+#$!46!
-&'4$%#1!94)!Y%''!+)$2;!/0#!2&*#!46!/0#!Y4$X4)/;!
&2<!/0#!*&`%*)*!13##<!&2<!%2-'%2#!1#//%2=17!86!94)!
1#'#-/!&!-4*3#/%/%42!Y4$X4)/;!/0#!<%13'&9!Y%''!-4)2/!
<4Y2!/4!/0#!+#=%22%2=!46!/0#!$&-#7
!!(4/#Z!A&-0!%L%/!C%5#!+)//42!-&2!&'14!$)2!/Y4!<#*4!
Y4$X4)/17!F4!)1#!/0#!<#*4!Y4$X4)/1;!$#*45#!/0#!
%L%/!C%5#!*4<)'#!6$4*!/0#!-4214'#!&2<!3$#11!42#!46!
/0#!%L%/!C%5#!+)//4217
U(& 0=31=&=A$&P"1R"<=(
&"##!1/#3!J!42!3&=#!GR7
!!,)$%2=!14*#!Y4$X4)/1;!/0#!54%-#!46!&!3#$142&'!
/$&%2#$!Y%''!=)%<#!94)!/0$4)=0!94)$!Y4$X4)/7!M4)!
-&2!1#'#-/!&!1#//%2=!64$!94)$!3#$142&'!/$&%2#$!d1##!
FOA!8(LH?E>F8H(!EH,A!42!3&=#!Gge7
!!F4!1/43!/0#!Y4$X4)/!&/!&29!/%*#;!3$#11!/0#!"/43!+)/^
/427!F0#!/%*#!Y%''!+#=%2!/4!!&10!%2!/0#!<%13'&97!F4!
$#1)*#!/0#!Y4$X4)/;!3$#11!/0#!"/&$/!+)//42!4$!/0#!
"3##<!%2-$#&1#!+)//427!F0#!Y&'X%2=!+#'/!Y%''!+#=%2!
/4!*45#!&/!/0#!13##<!1#//%2=!64$!/0#!!$1/!1#=*#2/!46!
/0#!Y4$X4)/7!.0#2!/0#!2#`/!1#=*#2/!46!/0#!Y4$X4)/!
+#=%21;!/0#!/$#&<*%''!Y%''!&)/4*&/%-&''9!&<])1/!/4!/0#!
13##<!&2<!%2-'%2#!1#//%2=1!64$!/0#!2#`/!1#=*#2/7
\.
!W(& !*"%%"P&Q"<1&:1"E1$??&P2=A&=A$&#2?:%3Q?(!
!!"##!1/#3!N!42!3&=#!RV7
!!F0#!E9!F$&%'!/&+!Y%''!104Y!&!*&3!46!/0#!/$&%'!94)!&$#!
Y&'X%2=!4$!$)22%2=!4$!%/!Y%''!104Y!&!/$&-X!&2<!/0#!
2)*+#$!46!'&31!94)!-4*3'#/#7
!!,)$%2=!&!-4*3#/%/%42!Y4$X4)/;!/0#!B4*3#/%/%42!/&+!
Y%''!104Y!94)$!3$4=$#11!%2!/0#!$&-#7!>1!94)!$&-#;!
/0#!/43!'%2#!%2!/0#!*&/$%`!Y%''!104Y!04Y!*)-0!46!/0#!
$&-#!94)!0&5#!-4*3'#/#<7!F0#!4/0#$!'%2#1!Y%''!104Y!
94)$!/43!64)$!-4*3#/%/4$17!F0#!#2<!46!/0#!*&/$%`!
$#3$#1#2/1!/0#!#2<!46!/0#!$&-#7
a(& !$3?<1$&Q"<1&A$31=&13=$&2D&#$?21$#(
!!!"##!1/#3!P!42!3&=#!GW7
T(& +<1>&">&=A$&D3>&2D&#$?21$#(
! "##!1/#3!Q!42!3&=#!GW7
b(& &YA$>&Q"<&31$&&>2?A$#&$_$1;2?2>E]&1$B"G$&=A$&
R$Q&D1"B&=A$&;">?"%$(
! "##!1/#3!c!42!3&=#!GW7
*"1&B"1$&2>D"1B3=2">&3C"<=&=A$&2*2=&,2G$&B"#$]&E"&
="&PPP(2*2=(;"B(
+LI&488,@K8Y'&!8KI
F4!1#'#-/!/0#!-44'^<4Y2!*4<#;!3$#11!/0#!B44'!,4Y2!
+)//427!F0#2;!3$#11!/0#!"/&$/!+)//427!F0#!Y&'X%2=!+#'/!
Y%''!+#=%2!/4!*45#!&/!G7N!*307!>6/#$!&!6#Y!*%2)/#1;!/0#!
Y&'X%2=!+#'/!Y%''!1'4Y!/4!&!1/437
L8Y&+8&60I&+LI&0+I9I8&086'K&0e0+I!
F4!3'&9!*)1%-!4$!&)<%4!+44X1!/0$4)=0!/0#!-4214'#!
14)2<!191/#*!Y0%'#!94)!#`#$-%1#;!3')=!&!J7N!**!*&'#!
/4!J7N!**!*&'#!&)<%4!-&+'#!d24/!%2-')<#<e!%2/4!/0#!]&-X!
42!/0#!-4214'#!&2<!%2/4!&!]&-X!42!94)$!EDJ!3'&9#$;!
B,!3'&9#$;!4$!4/0#$!3#$142&'!&)<%4!3'&9#$l!B3R$&?<1$&
=A3=&=A$&3<#2"&;3C%$&2?&D<%%Q&:%<EE$#&2>(&'"=$N&+"&
:<1;A3?$&3>&3<#2"&;3C%$]&?$$&Q"<1&%";3%&$%$;=1">2;?&
?="1$(!
(#`/;!3$#11!/0#!3'&9!+)//42!42!94)$!3#$142&'!&)<%4!
3'&9#$7!><])1/!/0#!54')*#!'#5#'!)1%2=!/0#!54')*#!
%2-$#&1#!&2<!<#-$#&1#!+)//421!42!/0#!-4214'#!4$!/0#!
54')*#!-42/$4'!42!94)$!3#$142&'!&)<%4!3'&9#$7
86!94)!&$#!)1%2=!&!3#$142&'!B,!3'&9#$!&2<!/0#!B,!
1X%31;!1#/!/0#!B,!3'&9#$!42!/0#!!44$!4$!&24/0#$!!&/!1)$^
6&-#!%21/#&<!46!42!/0#!-4214'#7
\X
+LI&7'*89!5+78'&!8KI
F0#!-4214'#!6#&/)$#1!&2!%264$*&/%42!*4<#!/0&/!X##31!
/$&-X!46!/$#&<*%''!%264$*&/%42!&2<!&''4Y1!94)!/4!3#$142^
&'%[#!-4214'#!1#//%2=17
F4!1#'#-/!/0#!%264$*&/%42!*4<#;!04'<!<4Y2!/0#!"/43!
+)//42!Y0%'#!%21#$/%2=!/0#!X#9!%2/4!/0#!-4214'#!&2<!/0#2!
$#'#&1#!/0#!"/43!+)//427!.0#2!/0#!%264$*&/%42!*4<#!%1!
1#'#-/#<;!/0#!64''4Y%2=!%264$*&/%42!Y%''!+#!104Y2Z!!
F0#!/%*#!<%13'&9!Y%''!104Y!/0#!/4/&'!2)*+#$!46!04)$1!
/0&/!/0#!/$#&<*%''!0&1!+##2!)1#<7!
F0#!<%1/&2-#!<%13'&9!Y%''!104Y!/0#!/4/&'!2)*+#$!46!
*%'#1!d4$!X%'4*#/#$1e!/0&/!/0#!Y&'X%2=!+#'/!0&1!*45#<7!
F0#!'4Y#$!1#-/%42!46!/0#!<%13'&9!Y%''!104Y!/0#!1/&/)1!46!
&2!%L%/!C%5#!*4<)'#7!86!&2!%L%/!C%5#!*4<)'#!%1!-422#-/#<;!
/0#!<%13'&9!Y%''!104Y!/0#!Y4$<1!.8L8!EH,ICA7!86!&!
I"K!*4<)'#!%1!-422#-/#<;!/0#!<%13'&9!Y%''!104Y!/0#!
Y4$<1!I"Kb",!EH,ICA7!86!24!*4<)'#!%1!-422#-/#<;!
/0#!<%13'&9!Y%''!104Y!/0#!Y4$<1!(H!8L8F!EH,ICA7
YA2%$&=A$&2>D"1B3=2">&B"#$&2?&?$%$;=$#]&=A$&B3=12_&
P2%%&#2?:%3Q&?$G$13%&":=2">3%&?;1$$>?(&)1$??&=A$&
#$;1$3?$&C<==">&>$_=&="&=A$&I>=$1&C<==">&="&?$%$;=&
$3;A&"D&=A$&D"%%"P2>E&?;1$$>?N
R7! !6'7+0N&F4!-0&2=#!/0#!)2%/!46!*#&1)$#*#2/;!3$#11!
/0#!A2/#$!+)//427!F4!5%#Y!<%1/&2-#!%2!*%'#1;!1#'#-/!
A(@C8"O7!F4!5%#Y!<%1/&2-#!%2!X%'4*#/#$1;!1#'#-/!
EAF?8B7
G7! !KI!8N!F0#!-4214'#!6#&/)$#1!&!<%13'&9!<#*4!
*4<#;!<#1%=2#<!/4!+#!)1#<!%6!/0#!/$#&<*%''!%1!<%1^
3'&9#<!%2!&!1/4$#7!.0%'#!/0#!<#*4!*4<#!%1!/)$2#<!
42;!/0#!-4214'#!Y%''!6)2-/%42!24$*&''9!Y0#2!94)!
3')=!%2!/0#!34Y#$!-4$<;!3$#11!/0#!34Y#$!1Y%/-0!
%2/4!/0#!$#1#/!341%/%42;!&2<!%21#$/!/0#!X#9!%2/4!/0#!
-4214'#7!O4Y#5#$;!Y0#2!94)!$#*45#!/0#!X#9;!/0#!
<%13'&91!Y%''!$#*&%2!'%/;!&'/04)=0!/0#!+)//421!Y%''!24/!
6)2-/%427!86!/0#!<#*4!*4<#!%1!/)$2#<!42;!/0#!Y4$<!
H(!Y%''!&33#&$!%2!/0#!*&/$%`7!F4!/)$2!42!4$!/)$2!466!
/0#!<#*4!*4<#;!3$#11!/0#!A2/#$!+)//427
J7! !48'+950+&,d,N!D$#11!/0#!82-'%2#!%2-$#&1#!&2<!
<#-$#&1#!+)//421!/4!&<])1/!/0#!-42/$&1/!'#5#'!46!/0#!
<%13'&97
7D&3&B"#<%$&2?&;">>$;=$#]&Q"<&B3Q&3%?"&?$%$;=&=A$&
D"%%"P2>E&?;1$$>N
g7! !+957'I9&d874IN!F4!/)$2!42!4$!/)$2!466!/0#!54%-#!
46!/0#!3#$142&'!/$&%2#$;!3$#11!/0#!A2/#$!+)//427
7D&3>&2*2=&,2G$&B"#<%$&2?&;">>$;=$#]&Q"<&B3Q&3%?"&
?$%$;=&=A$&D"%%"P2>E&?;1$$>?N
N7! !KI*56,+&!I'6N!F0#!<#6&)'/!*#2)!Y%''!&33#&$!
Y0#2!94)!%21#$/!/0#!X#9!%2/4!/0#!-4214'#!4$!Y0#2!
94)!3$#11!/0#!O4*#!+)//427!D$#11!/0#!A2/#$!+)//42!
$#3#&/#<'9!/4!1#'#-/!/0#!*&2)&'!*&%2!1-$##2!4$!/0#!
%L%/!C%5#!1-$##2!&1!/0#!<#6&)'/!*#2)7
P7! &4LI4`&Y7*7&0+5+60N!D$#11!/0#!A2/#$!+)//42!/4!
-0#-X!/0#!1/&/)1!46!94)$!%L%/!C%5#!*4<)'#7!F0#!'4Y#$!
<%13'&9!Y%''!104Y!/0#!146/Y&$#!5#$1%42!2)*+#$;!/0#!
2#/Y4$X!""8,;!/0#!2#/Y4$X!#2-$93/%42!/93#;!/0#!
-422#-/%42!1/&/)1;!/0#!Y%$#'#11!1%=2&'!1/$#2=/0;!/0#!
8D!&<<$#11!46!/0#!*4<)'#;!/0#!2)*+#$!46!$#=%1/#$#<!
)1#$1!&2<!/0#%$!2&*#1;!/0#!$#1)'/1!46!/0#!,("!
'44X)3;!&2<!/0#!1/&/)1!46!/0#!%L%/!C%5#!1#$5#$7
Q7! !0I'Kg9I4I7dI&K5+5N!F4!1#2<!&2<!$#-#%5#!Y4$X^
4)/1;!Y4$X4)/!'4=1;!&2<!)3<&/#1;!3$#11!/0#!A2/#$!
+)//427!.0#2!/0#!3$4-#11!%1!!2%10#<;!/0#!Y4$<1!
F?>("LA?"!,H(A!Y%''!&33#&$!%2!/0#!<%13'&97
F4!#`%/!/0#!%264$*&/%42!*4<#;!$#*45#!/0#!X#9!6$4*!/0#!
-4214'#7
\U
&L8Y&+8&*8,K&+LI&+9I5K!7,,
+"&3G"2#&#3B3E2>E&=A$&=1$3#B2%%]&3#c<?=&=A$&2>;%2>$&
="&f$1"&:$1;$>=&C$D"1$&Q"<&D"%#&=A$&=1$3#B2%%(&
+A$>]&1$B"G$&=A$&R$Q&3>#&<>:%<E&=A$&:"P$1&;"1#(&
456+78'N&e"<&B<?=&C$&3C%$&="&?3D$%Q&%2D=&XU&%C?(&O\/&
RES&="&132?$]&%"P$1]&"1&B"G$&=A$&=1$3#B2%%(&&&
R7!! !O4'<!/0#!6$&*#!!$*'9!%2!/0#!'4-&/%42!104Y2!+9!/0#!
&$$4Y!+#'4Y7!456+78'N&Z$>#&Q"<1&%$E?&3>#&
R$$:&Q"<1&C3;R&?=132EA=(!&!
G7! !?&%1#!/0#!6$&*#!)2/%'!/0#!'&/-0!X24+!'4-X1!%2!/0#!
1/4$&=#!341%/%427&456+78'N&!3R$&?<1$&=A3=&=A$&
%3=;A&R>"C&%";R?(
&&F4 !3 $4 /# -/ !/0#! !44$!4$!-&$3#/;!3'&-#!&!*&/!)2<#$!/0#!
/$#&<*%''7!a##3!/0#!/$#&<*%''!4)/!46!<%$#-/!1)2'%=0/7!
,4!24/!'#&5#!/0#!/$#&<*%''!%2!/0#!1/4$&=#!341%/%42!%2!
/#*3#$&/)$#1!&+45#!cNm!L!dJWm!Be7
L8Y&+8&!8dI&+LI&+9I5K!7,,&
!K#64$#!*45%2=!/0#!/$#&<*%'';!64'<!%/!&1!<#1-$%+#<!&/!/0#!
'#6/7!456+78'N&!3R$&?<1$&=A3=&=A$&%3=;A&R>"C&2?&
%";R$#&2>&=A$&?="13E$&:"?2=2">(&!"G2>E&=A$&=1$3#B2%%&
B3Q&1$F<21$&=P"&:$":%$(
R7!! !O4'<!/0#!6$&*#!&2<!42#!46!/0#!0&2<$&%'1;!&2<!3'&-#!
42#!644/!&=&%21/!&!Y0##'7!
G7!!!!D)''!+&-X!42!/0#!0&2<$&%'!)2/%'!/0#!/$#&<*%''!Y%''!$4''!
42!/0#!Y0##'1;!&2<!-&$#6)''9!*45#!%/!/4!/0#!<#1%$#<!
'4-&/%427!456+78'N&K"&>"=&B"G$&=A$&=1$3#B2%%&
P2=A"<=&=2::2>E&2=&C3;R]&#"&>"=&:<%%&">&=A$&D13B$]&
3>#&#"&>"=&B"G$&=A$&=1$3#B2%%&"G$1&3>&<>$G$>&
?<1D3;$(
J7!! !D'&-#!42#!644/!&=&%21/!&!Y0##';!&2<!-&$#6)''9!'4Y#$!
/0#!/$#&<*%''7
L8Y&+8&,8YI9&+LI&+9I5K!7,,&*89&60I
R7! !0$$&#13P2>E&\(&O4'<!/0#!)33#$!#2<!46!/0#!/$#&<^
*%''!6$&*#!Y%/0!94)$!$%=0/!0&2<7!F0#2;!3)''!/0#!'&/-0!
X24+!/4!/0#!'#6/7!7!)89+5'+N&K"&>"=&=<1>&=A$&
%3=;A&R>"C(!86!2#-#11&$9;!3)10!/0#!6$&*#!64$Y&$<!
1'%=0/'97!D%54/!/0#!6$&*#!<4Y2Y&$<!&!6#Y!%2-0#1;!
&2<!$#'#&1#!/0#!'&/-0!X24+7!
G7! !0$$&#13P2>E&-&3=&=A$&%$D=(&O4'<!/0#!*#/&'!6$&*#!
!$*'9!Y%/0!+4/0!0&2<1;!&2<!'4Y#$!%/!/4!/0#!!44$7!
456+78'N&K"&>"=&A"%#&=A$&D13B$&CQ&=A$&:%3?=2;&
D""=&132%?]&3>#&#"&>"=&#1":&=A$&D13B$(&Z$>#&Q"<1&
%$E?&3>#&R$$:&Q"<1&C3;R&?=132EA=(!
&L8Y&+8&*8,K&5'K&!8dI&+LI&+9I5K!7,,
O&2<$&%'
L$&*#
.0##'
L$&*#
R
R
C&/-0!
a24+
G
L$&*#
\W
!"?=&=1$3#B2%%&:1"C%$B?&;3>&C$&?"%G$#&CQ&D"%%"P2>E&
=A$&?2B:%$&?=$:?&C$%"P(&*2>#&=A$&?QB:="B&=A3=&
3::%2$?]&3>#&D"%%"P&=A$&?=$:?&%2?=$#(&7D&D<1=A$1&3??2?@
=3>;$&2?&>$$#$#]&?$$&=A$&D1">=&;"G$1&"D&=A2?&B3><3%(&
0e!)+8!N&+A$&:"P$1&#"$?&>"=&=<1>&">
&7! !!!E&X#!1)$#!/0&/!/0#!34Y#$!-4$<!%1!3')==#<!%2/4!&!
1)$=#!1)33$#114$!&2<!/0&/!/0#!1)$=#!1)33$#114$!
%1!3')==#<!%2/4!&!3$43#$'9!=$4)2<#<!4)/'#/!d1##!
3&=#!RPe7!I1#!42'9!&!1)$=#!1)33$#114$!/0&/!*##/1!
&''!46!/0#!13#-%!-&/%421!<#1-$%+#<!42!3&=#!RP7!
7!)89+5'+N&+A$&=1$3#B2%%&2?&>"=&;"B:3=2C%$&
P2=A&^*47@$F<2::$#&"<=%$=?&3>#&B3Q&>"=&C$&
;"B:3=2C%$&P2=A&5*47@$F<2::$#&"<=%$=?(
+7! !>6/#$!/0#!34Y#$!-4$<!0&1!+##2!3')==#<!%2;!*&X#!
1)$#!/0&/!/0#!X#9!%1!%21#$/#<!%2/4!/0#!-4214'#7!
-7! !B0#-X!/0#!34Y#$!1Y%/-0!'4-&/#<!42!/0#!/$#&<*%''!
6$&*#!2#&$!/0#!34Y#$!-4$<7!86!/0#!1Y%/-0!3$4/$)<#1!
&1!104Y2;!/0#!1Y%/-0!0&1!/$%33#<7!F4!$#1#/!/0#!
34Y#$!1Y%/-0;!Y&%/!64$!!5#!*%2)/#1!&2<!/0#2!3$#11!
/0#!1Y%/-0!+&-X!%27!
0e!)+8!N&+A$&:"P$1&=<1>?&"DD&#<12>E&<?$
&7! !B0#-X!/0#!34Y#$!1Y%/-0!d1##!/0#!<$&Y%2=!&+45#e7!
86!/0#!1Y%/-0!0&1!/$%33#<;!Y&%/!64$!!5#!*%2)/#1!&2<!
/0#2!3$#11!/0#!1Y%/-0!+&-X!%27
+7! !E&X#!1)$#!/0&/!/0#!34Y#$!-4$<!%1!3')==#<!%27!86!/0#!
34Y#$!-4$<!%1!3')==#<!%2;!)23')=!%/;!Y&%/!64$!!5#!
*%2)/#1;!&2<!/0#2!3')=!%/!+&-X!%27
-7! !?#*45#!/0#!X#9!6$4*!/0#!-4214'#;!&2<!/0#2!!!!!!!!
$#%21#$/!%/7
<7! !86!/0#!/$#&<*%''!1/%''!Y%''!24/!$)2;!3'#&1#!1##!/0#!6$42/!
-45#$!46!/0%1!*&2)&'7
0e!)+8!N&+A$&;">?"%$&#2?:%3Q?&1$B32>&%2=&PA$>&
Q"<&1$B"G$&=A$&R$Q&D1"B&=A$&;">?"%$
&7! !!!F0#!-4214'#!6#&/)$#1!&!<%13'&9!<#*4!*4<#;!
<#1%=2#<!/4!+#!)1#<!%6!/0#!/$#&<*%''!%1!<%13'&9#<!%2!
&!1/4$#7!86!/0#!!<%13'&91!$#*&%2!'%/!Y0#2!94)!$#*45#!
/0#!X#9;!/0#!<#*4!*4<#!%1!/)$2#<!427!!F4!/)$2!466!
/0#!<#*4!*4<#;!04'<!<4Y2!/0#!"/43!+)//42!64$!&!
6#Y!1#-42<17!86!/0#!<%13'&91!&$#!1/%''!'%/;!1##!FOA!
8(LH?E>F8H(!EH,A!42!3&=#!Gg!/4!/)$2!466!/0#!
<#*4!*4<#7
0e!)+8!N&+A$&#2?:%3Q?&"D&=A$&;">?"%$&#"&>"=&
D<>;=2">&:1":$1%Q
&7! !?#*45#!/0#!X#9!6$4*!/0#!-4214'#!&2<&6'),6^&
+LI&)8YI9&489K(!D'&-#!/0#!/$#&<*%''!%2!
/0#!1/4$&=#!341%/%42!d1##!OH.!FH!LHC,!FOA!
F?A>,E8CC!42!3&=#!GNe7
!!(#`/;!$#*45#!/0#!/Y4!%2<%-&/#<!hc!`!Jbgi!"-$#Y1!
dGe7
+986Z,I0L88+7'^
?#1#/
F$%33#<
-
G
&
\a
!!C4Y#$!/0#!/$#&<*%''!d1##!OH.!FH!CH.A?!FOA!
F?A>,E8CC!LH?!I"A!42!3&=#!GNe7!?#*45#!
/0#!/0$##!hc!`!Jbgi!"-$#Y1!dGe7!B&$#6)''9!3%54/!/0#!
E4/4$!O44<!dQGe!4667
!!C4-&/#!/0#!?##<!"Y%/-0!dNVe!&2<!/0#!E&=2#/!dNce!
42!/0#!'#6/!1%<#!46!/0#!D)''#9!dPRe7!F)$2!/0#!D)''#9!
)2/%'!/0#!E&=2#/!%1!&'%=2#<!Y%/0!/0#!?##<!"Y%/-07!
!3R$&?<1$&=A3=&=A$&E3:&C$=P$$>&=A$&!3E>$=&
3>#&=A$&9$$#&0P2=;A&2?&3C"<=&-gT&2>(&O.&BBS(!86!
2#-#11&$9;!'441#2!/0#!hc!`!Jbgi!F#X!"-$#Y!dRPe;!
*45#!/0#!?##<!"Y%/-0!1'%=0/'9;!&2<!/0#2!$#/%=0/#2!
/0#!"-$#Y7!?#&//&-0!/0#!E4/4$!O44<!d24/!104Y2e!
Y%/0!/0#!!5#!hc!`!Jbgi!"-$#Y1!d24/!104Y2e!&2<!$)2!
/0#!/$#&<*%''!64$!&!6#Y!*%2)/#1!/4!-0#-X!64$!&!-4$^
$#-/!13##<!$#&<%2=7
&0e!)+8!N&+A$&2>;%2>$&"D&=A$&=1$3#B2%%&#"$?&>"=&
;A3>E$&;"11$;=%Q
&7!! !O4'<!<4Y2!/0#!"/43!+)//42!&2<!/0#!"3##<!%2-$#&1#!
+)//42;!%21#$/!/0#!X#9!%2/4!/0#!-4214'#;!&2<!/0#2!
$#'#&1#!/0#!"/43!+)//42!&2<!/0#!"3##<!%2-$#&1#!
+)//427!D$#11!/0#!"/43!+)//42!&2<!/0#2!3$#11!/0#!
82-'%2#!%2-$#&1#!4$!<#-$#&1#!+)//427!F0#!/$#&<*%''!
Y%''!&)/4*&/%-&''9!$%1#!/4!/0#!*&`%*)*!%2-'%2#!'#5#'!
&2<!/0#2!$#/)$2!/4!/0#!*%2%*)*!'#5#'7!F0%1!Y%''!
$#-&'%+$&/#!/0#!%2-'%2#!191/#*7!86!/0#!%2-'%2#!191/#*!
<4#1!24/!+#=%2!-&'%+$&/%2=;!3$#11!/0#!"/43!+)//42;!
&2<!/0#2!3$#11!/0#!82-'%2#!%2-$#&1#!4$!<#-$#&1#!
+)//42!&=&%27!.0#2!/0#!%2-'%2#!191/#*!%1!-&'%^
+$&/#<;!$#*45#!/0#!X#9!6$4*!/0#!-4214'#7!
0e!)+8!N&+A$&P3%R2>E&C$%=&?%"P?&PA$>&P3%R$#&">
&7! !&&I1#!42'9!&!1)$=#!1)33$#114$!/0&/!*##/1!&''!46!/0#!
13#-%!-&/%421!<#1-$%+#<!42!3&=#!RP7
+7! !86!/0#!Y&'X%2=!+#'/!%1!45#$/%=0/#2#<;!/$#&<*%''!3#$^
64$*&2-#!*&9!<#-$#&1#!&2<!/0#!Y&'X%2=!+#'/!*&9!
+#-4*#!<&*&=#<7!?#*45#!/0#!X#9!&2<!6'),6^&
+LI&)8YI9&489K(!I1%2=!/0#!0#`!X#9;!/)$2!+4/0!
%<'#$!$4''#$!1-$#Y1!-4)2/#$-'4-XY%1#;!Rbg!46!&!/)$27!
.0#2!/0#!Y&'X%2=!+#'/!%1!3$43#$'9!/%=0/#2#<;!94)!
104)'<!+#!&+'#!/4!'%6/!#&-0!#<=#!46!/0#!Y&'X%2=!+#'/!
G!/4!J!%27!dN!/4!Q!-*e!466!/0#!Y&'X%2=!3'&/64$*7!K#!
-&$#6)'!/4!X##3!/0#!Y&'X%2=!+#'/!-#2/#$#<7!F0#2;!
3')=!%2!/0#!34Y#$!-4$<;!%21#$/!/0#!X#9;!&2<!$)2!/0#!
/$#&<*%''!64$!&!6#Y!*%2)/#17!?#3#&/!)2/%'!/0#!Y&'X^
%2=!+#'/!%1!3$43#$'9!/%=0/#2#<7
-7! !M4)$!/$#&<*%''!6#&/)$#1!&!Y&'X%2=!+#'/!-4&/#<!Y%/0!
0%=0^3#$64$*&2-#!')+$%-&2/7!7!)89+5'+N&'$G$1&
3::%Q&?2%2;">$&?:13Q&"1&"=A$1&?<C?=3>;$?&="&
=A$&P3%R2>E&C$%=&"1&=A$&P3%R2>E&:%3=D"1B&<>%$??&
2>?=1<;=$#&="&#"&?"&CQ&3>&3<=A"12f$#&?$1G2;$&
1$:1$?$>=3=2G$(&0<;A&?<C?=3>;$?&B3Q&#$=$12"@
13=$&=A$&P3%R2>E&C$%=&3>#&;3<?$&$_;$??2G$&P$31(&
86!94)!1)13#-/!/0#!Y&'X%2=!+#'/!2##<1!*4$#!')+$%^
-&2/;!1##!/0#!6$42/!-45#$!46!/0%1!*&2)&'7
<7! !86!/0#!Y&'X%2=!+#'/!1/%''!1'4Y1!Y0#2!Y&'X#<!42;!1##!
/0#!6$42/!-45#$!46!/0%1!*&2)&'7
8<'#$!?4''#$!"-$#Y1
GpJ!%27
+
+":&
d2$P
Nc
RP
NV
Rbc!%27
PR
QG G
\T
0e!)+8!N&+A$&P3%R2>E&C$%=&2?&"DD@;$>=$1&"1&?%2:?&
PA$>&P3%R$#&">
&7! &7D&=A$&P3%R2>E&C$%=&2?&"DD@;$>=$1]!!$1/!$#*45#!/0#!
X#9!&2<!6'),6^&+LI&)8YI9&489K(!7D&=A$&
P3%R2>E&C$%=&A3?&?A2D=$#&="&=A$&%$D=]!)1#!/0#!0#`!
X#9!/4!/)$2!/0#!'#6/!%<'#$!$4''#$!1-$#Y!-'4-XY%1#!RbG!
46!&!/)$2l!2D&=A$&P3%R2>E&C$%=&A3?&?A2D=$#&="&=A$&
12EA=]!/)$2!/0#!'#6/!%<'#$!$4''#$!1-$#Y!-4)2/#$-'4-X^
Y%1#!RbG!46!&!/)$27!K#!-&$#6)'!24/!/4!45#$/%=0/#2!/0#!
Y&'X%2=!+#'/7&F0#2;!3')=!%2!/0#!34Y#$!-4$<;!%21#$/!
/0#!X#9;!&2<!$)2!/0#!/$#&<*%''!64$!&!6#Y!*%2)/#17!
?#3#&/!)2/%'!/0#!Y&'X%2=!+#'/!%1!-#2/#$#<7!
+7! &7D&=A$&P3%R2>E&C$%=&?%2:?&PA$>&P3%R$#&">]!!$1/!
$#*45#!/0#!X#9!&2<!6'),6^&+LI&)8YI9&
489K(!I1%2=!/0#!0#`!X#9;!/)$2!+4/0!%<'#$!$4''#$!
1-$#Y1!-'4-XY%1#;!Rbg!46!&!/)$27!.0#2!/0#!Y&'X^
%2=!+#'/!%1!-4$$#-/'9!/%=0/#2#<;!94)!104)'<!+#!&+'#!
/4!'%6/!#&-0!#<=#!46!/0#!Y&'X%2=!+#'/!G!/4!J!%27!dN!/4!
Q!-*e!466!/0#!Y&'X%2=!3'&/64$*7!K#!-&$#6)'!/4!X##3!
/0#!Y&'X%2=!+#'/!-#2/#$#<7!F0#2;!3')=!%2!/0#!34Y#$!
-4$<;!%21#$/!/0#!X#9;!&2<!-&$#6)''9!Y&'X!42!/0#!
/$#&<*%''!64$!&!6#Y!*%2)/#17!?#3#&/!)2/%'!/0#!Y&'X^
%2=!+#'/!%1!3$43#$'9!/%=0/#2#<7
&0e!)+8!N&+A$&;">?"%$&#2?:%3Q&A3?&%2>$?&1<>>2>E&
=A1"<EA&2=
&7! !86!'%2#1!&33#&$!%2!/0#!-4214'#!<%13'&9;!1##!FOA!
8(LH?E>F8H(!EH,A!42!3&=#!Gg!&2<!&<])1/!/0#!
-42/$&1/!'#5#'!46!/0#!<%13'&97
&
+
\b
IkI9470I&^67KI,7'I0
F0#1#!=)%<#'%2#1!Y%''!0#'3!94)!/4!3'&2!94)$!#`#$-%1#!
3$4=$&*7!L4$!<#/&%'#<!#`#$-%1#!%264$*&/%42;!4+/&%2!&!
$#3)/&+'#!+44X!4$!-421)'/!94)$!3091%-%&27!?#*#*+#$;!
3$43#$!2)/$%/%42!&2<!&<#:)&/#!$#1/!&$#!#11#2/%&'!64$!
1)--#116)'!$#1)'/17!
IkI9470I&7'+I'07+e
.0#/0#$!94)$!=4&'!%1!/4!+)$2!6&/!4$!/4!1/$#2=/0#2!94)$!
-&$<%45&1-)'&$!191/#*;!#`#$-%1%2=!&/!/0#!3$43#$!%2/#2^
1%/9!%1!/0#!X#9!/4!&-0%#5%2=!$#1)'/17!M4)!-&2!)1#!94)$!
0#&$/!$&/#!&1!&!=)%<#!/4!6%2<!/0#!3$43#$!%2/#21%/9!'#5#'7!
F0#!-0&$/!+#'4Y!104Y1!$#-4**#2<#<!0#&$/!$&/#1!64$!
6&/!+)$2%2=!&2<!&#$4+%-!#`#$-%1#7
F4!6%2<!/0#!3$43#$!%2/#21%/9!'#5#';!6%2<!94)$!&=#!&/!/0#!
+4//4*!46!/0#!-0&$/!d&=#1!&$#!$4)2<#<!466!/4!/0#!2#&$^
#1/!/#2!9#&$1e7!F0#!/0$##!2)*+#$1!'%1/#<!&+45#!94)$!
&=#!<#6%2#!94)$!j/$&%2%2=![42#7k!F0#!'4Y#1/!2)*+#$!%1!
/0#!0#&$/!$&/#!64$!6&/!+)$2%2=;!/0#!*%<<'#!2)*+#$!%1!/0#!
0#&$/!$&/#!64$!*&`%*)*!6&/!+)$2%2=;!&2<!/0#!0%=0#1/!
2)*+#$!%1!/0#!0#&$/!$&/#!64$!&#$4+%-!#`#$-%1#7
Z<1>2>E&*3=nF4!+)$2!6&/!#66#-/%5#'9;!94)!*)1/!#`#$^
-%1#!&/!&!'4Y!%2/#21%/9!'#5#'!64$!&!1)1/&%2#<!3#$%4<!46!
/%*#7!,)$%2=!/0#!6%$1/!6#Y!*%2)/#1!46!#`#$-%1#;!94)$!
+4<9!)1#1!-&$+409<$&/#!-&'4$%#1!64$!#2#$=97!H2'9!&6/#$!
/0#!6%$1/!6#Y!*%2)/#1!46!#`#$-%1#!<4#1!94)$!+4<9!+#=%2!
/4!)1#!1/4$#<!6&/!-&'4$%#1!64$!#2#$=97!86!94)$!=4&'!%1!/4!
+)$2!6&/;!&<])1/!/0#!%2/#21%/9!46!94)$!#`#$-%1#!)2/%'!94)$!
0#&$/!$&/#!%1!2#&$!/0#!'4Y#1/!2)*+#$!%2!94)$!/$&%2%2=!
[42#7!L4$!*&`%*)*!6&/!+)$2%2=;!#`#$-%1#!Y%/0!94)$!
0#&$/!$&/#!2#&$!/0#!*%<<'#!2)*+#$!%2!94)$!/$&%2%2=!
[42#7
5$1"C2;&I_$1;2?$n86!94)$!=4&'!%1!/4!1/$#2=/0#2!94)$!
-&$<%45&1-)'&$!191/#*;!94)!*)1/!3#$64$*!&#$4+%-!
#`#$-%1#;!Y0%-0!%1!&-/%5%/9!/0&/!$#:)%$#1!'&$=#!&*4)2/1!
46!4`9=#2!64$!3$4'42=#<!3#$%4<1!46!/%*#7!L4$!&#$4+%-!
#`#$-%1#;!&<])1/!/0#!%2/#21%/9!46!94)$!#`#$-%1#!)2/%'!94)$!
0#&$/!$&/#!%1!2#&$!/0#!0%=0#1/!2)*+#$!%2!94)$!/$&%2%2=!
[42#7!
Y89`86+&^67KI,7'I0
Y31B2>E&6:n"/&$/!Y%/0!N!/4!RW!*%2)/#1!46!1/$#/-0^
%2=!&2<!'%=0/!#`#$-%1#7!>!Y&$*^)3!%2-$#&1#1!94)$!+4<9!
/#*3#$&/)$#;!0#&$/!$&/#;!&2<!-%$-)'&/%42!%2!3$#3&$&/%42!
64$!#`#$-%1#7!
+132>2>E&l">$&I_$1;2?$nA`#$-%1#!64$!GW!/4!JW!*%2^
)/#1!Y%/0!94)$!0#&$/!$&/#!%2!94)$!/$&%2%2=![42#7!d,)$%2=!
/0#!6%$1/!6#Y!Y##X1!46!94)$!#`#$-%1#!3$4=$&*;!<4!24/!
X##3!94)$!0#&$/!$&/#!%2!94)$!/$&%2%2=![42#!64$!'42=#$!
/0&2!GW!*%2)/#17e!K$#&/0#!$#=)'&$'9!&2<!<##3'9!&1!94)!
#`#$-%1#n2#5#$!04'<!94)$!+$#&/07!
4""%2>E&K"P>nL%2%10!Y%/0!N!/4!RW!*%2)/#1!46!1/$#/-0^
%2=7!"/$#/-0%2=!%2-$#&1#1!/0#!6'#`%+%'%/9!46!94)$!*)1-'#1!
&2<!0#'31!/4!3$#5#2/!341/^#`#$-%1#!3$4+'#*17
IkI9470I&*9IH6I'4e
F4!*&%2/&%2!4$!%*3$45#!94)$!-42<%/%42;!-4*3'#/#!/0$##!
Y4$X4)/1!#&-0!Y##X;!Y%/0!&/!'#&1/!42#!<&9!46!$#1/!
+#/Y##2!Y4$X4)/17!>6/#$!&!6#Y!*42/01!46!$#=)'&$!#`#$^
-%1#;!94)!*&9!-4*3'#/#!)3!/4!6%5#!Y4$X4)/1!#&-0!Y##X;!
%6!<#1%$#<7!?#*#*+#$;!/0#!X#9!/4!1)--#11!%1!/4!*&X#!
#`#$-%1#!&!$#=)'&$!&2<!#2]49&+'#!3&$/!46!94)$!#5#$9<&9!
'%6#7
&&&&Y59'7'^N&Z$D"1$&C$E2>>2>E&=A2?&
"1&3>Q&$_$1;2?$&:1"E13B]&;">?<%=&Q"<1&:AQ?2@
;23>(&+A2?&2?&$?:$;23%%Q&2B:"1=3>=&D"1&:$1?">?&
"G$1&3E$&.U&"1&:$1?">?&P2=A&:1$@$_2?=2>E&
A$3%=A&:1"C%$B?(
+A$&A$31=&13=$&B">2="1&2?&>"=&3&B$#2;3%&#$G2;$(&
d312"<?&D3;="1?&B3Q&3DD$;=&=A$&3;;<13;Q&"D&
A$31=&13=$&1$3#2>E?(&+A$&A$31=&13=$&B">2="1&2?&
2>=$>#$#&">%Q&3?&3>&$_$1;2?$&32#&2>&#$=$1B2>@
2>E&A$31=&13=$&=1$>#?&2>&E$>$13%(
./
&` $ Q & ' " ( & H = Q ( & K $ ? ; 1 2 : = 2 " > &` $ Q & ' " ( & H = Q ( & K $ ? ; 1 2 : = 2 " >
! R! V! hc!`!RbGi!"-$#Y
! G! gQ! hc!`!Jbgi!"-$#Y
! J! g! hRW!`!Jbgi!"-$#Y
! g! g! NbRPi!`!Nbci!"-$#Y
! N! R! Jbci!`!Gi!K4'/
! P! g! Jbci!`!Ri!"-$#Y
! Q! R! Jbci!`!R!Jbgi!K4'/
! c! g! Jbci!`!G!Jbgi!"-$#Y
! V! g! Jbci!`!R!Rbgi!"-$#Y
! RW! Q! hc!`!RbGi!@$4)2<!"-$#Y
! RR! g! hRW!"/&$!.&10#$
! RG! g! NbRPi!"/&$!.&10#$
! RJ! G! Jbci!()/
! Rg! RG! Jbci!"/&$!.&10#$
! RN! P! Jbci!`!Ri!L'&/!O#&<!K4'/b"-$#Y
! RP! GV! hc!`!Jbgi!F#X!"-$#Y
! RQ! G! Rbgi!`!G!RbGi!"-$#Y
! Rc! G! Jbci!`!Gi!K4'/
! RV! RW! hc!`!Jbgi!D&2!O#&<!F#X!"-$#Y
! GW! c! hc!`!Ri!"-$#Y
! GR! R! Jbci!`!R!RbGi!K4'/
! GG! R! Jbci!`!Gi!K4'/
! GJ! G! hc!`!R!Jbgi!"-$#Y
! Gg! g! hc!`!QbRPi!"-$#Y
! GN! G! NbRPi!E4/4$!"-$#Y
! GP! G! RbGi!`!R!RbGi!K4'/
! GQ! G! NbRPi!`!R!Jbgi!K4'/
! Gc! G! NbRPi!`!R!Rbgi!K4'/
! GV! RP! NbRPi!`!J!Rbgi!"-$#Y
! JW! c! NbRPi!`!G!Jbci!"-$#Y
! JR! R! Rbgi!`!R!Jbgi!"-$#Y
! JG! R! Rbgi!"/&$!.&10#$
! JJ! G! NbRPi!L'&/!.&10#$
! Jg! G! Jbci!L'&/!.&10#$
! JN! G! RbGi!()/
! JP! P! Jbci!S&*!()/
! JQ! RG! NbRPi!()/
! Jc! J! O44<!B'%3
! JV! G! D'&/64$*!@$4**#/
! gW! c! NbRPi!.&10#$
! gR! G! RbGi!?#&$!C#5#'%2=!L44/!()/
! gG! R! O#`!a#9
! gJ! R! "04$/!O#`!a#9
! gg! R! C#6/!L$&*#!B&3
! gN! R! C#6/!L44/!?&%'!
! gP! c! D'&/64$*!K$&-X#/
! gQ! R! C#6/!L44/!?&%'!K&1#
! gc! R! C#6/!L$&*#!B45#$
! gV! R! 8<'#$!?4''#$
! NW! R! ?%=0/!L$&*#!B&3
! NR! R! .&'X%2=!K#'/
! NG! G! D'&/64$*!B)10%42!K$&-X#/
! NJ! R! .&'X%2=!D'&/64$*
! Ng! G! D'&/64$*!B)10%42
! NN! G! K#'/!@)%<#
! NP! G! L$42/!B)10%42
! NQ! R! ?##<!"Y%/-0!B'&*3
! Nc! R! E&=2#/
! NV! R! ?##<!"Y%/-0
! PW! g! .%$#!F%#
! PR! R! ,$%5#!?4''#$bD)''#9
! PG! R! ?%=0/!L44/!?&%'
! PJ! R! ?%=0/!L44/!?&%'!K&1#
! Pg! R! L$&*#
! PN! R! "/4$&=#!C&/-0
! PP! R! ,$%5#!E4/4$
! PQ! R! E4/4$!K#'/
! Pc! R! ?%=0/!L$&*#!B45#$
! PV! G! ?#&$!C#5#'%2=!L44/
! QW! G! ?#&$!C#5#'%2=!L44/!B45#$
! QR! R! ?#&$!L$&*#!B45#$
! QG! R! E4/4$!O44<
! QJ! R! O44<!B45#$
! Qg! G! 82-'%2#!L$&*#!"3&-#$
! QN! R! 82-'%2#!E4/4$
! QP! R! 82-'%2#!L$&*#
! QQ! G! L$&*#!"3&-#$
! Qc! R! B42/$4''#$
! QV! R! A'#-/$42%-1!D'&/#
! cW! R! D4Y#$!B4$<
! cR! R! D4Y#$!B4$<!@$4**#/
! cG! G! O44<!D41/
! cJ! R! D4Y#$!"Y%/-0
! cg! R! K#''9!D&2
! cN! R! D)'1#!K&$!F43
! cP! R! D)'1#!K&$
! cQ! R! F$&9
! cc! R! I3$%=0/!.%$#
! cV! G! O&2<$&%'!K$&-X#/
! VW! R! C#6/!I3$%=0/
! VR! G! F$&9!K$&-X#/
! VG! R! C#6/!O&2<$&%'
! VJ! R! ?%=0/!O&2<$&%'
! Vg! G! B&)/%42!,#-&'
! VN! R! C&/-0!.&$2%2=!,#-&'
! VP! R! C#6/!K&1#!B45#$
! VQ! R! ?%=0/!K&1#!B45#$
! Vc! R! a#9bB'%3
! VV! R! ?%=0/!I3$%=0/
! RWW! R! K&1#!@$4)2<!.%$#
)59+&,70+ E4<#'!(47!DLFCRJWRR7W!?WNRJ>
.-
&` $ Q & ' " ( & H = Q ( & K $ ? ; 1 2 : = 2 " > &` $ Q & ' " ( & H = Q ( & K $ ? ; 1 2 : = 2 " >
! RWR! G! @$4**#/
! RWG! G! L$42/!K&1#!D&<
! RWJ! R! C#6/!.0##'!B&3
! RWg! G! .0##'
! RWN! R! K&1#
! RWP! R! O#&$/!?&/#!"/$&3
! RWQ! R! O#&$/!?&/#!"#214$
! RWc! R! B4214'#!K&1#
! RWV! W! (4/!I1#<
! RRW! R! C#6/!F$&9
! RRR! R! ?%=0/!F$&9
! RRG! R! B4214'#
! RRJ! R! B4214'#!L$&*#
! RRg! g! B4214'#!B'&*3
! RRN! R! B4214'#!@$4)2<!.%$#
! RRP! P! B&+'#!F%#
! RRQ! R! ?%=0/!O&2<$&%'!B45#$
! RRc! R! C#6/!O&2<$&%'!B45#$
! RRV! R! ?%=0/!.0##'!B&3
! RGW! G! K&1#!D&<
! q! p! I1#$_1!E&2)&'
(4/#Z!"3#-%!-&/%421!&$#!1)+]#-/!/4!-0&2=#!Y%/04)/!24/%-#7&L4$!%264$*&/%42!&+4)/!4$<#$%2=!$#3'&-#*#2/!3&$/1;!1##!
/0#!+&-X!-45#$!46!/0%1!*&2)&'7!qF0#1#!3&$/1!&$#!24/!%'')1/$&/#<7
.\
4?
4(
>>
:'
:(
!'
4>
4!
4!
::
>!
4#
>/
:?
>>
4(
>#
':
>?
4:
4:
!4
>'
:>
?
'!
>
'!
'3
'3
:3
4?
(/
!!
!?
'?
!/
4#
:#
:!
:4
>:
((
(:
(?
(>
(:
(:
(:
(:
>:
:/
>3
4/
4/
4/
4/
4/
4/
!?
!? 4/
!?
?3
':
:/
'/
?'
!?
!?
!?
(:
(:
(#
(:
?3
(3
(3
(3
(3
(3
4
4
':
':
('
(3
('
!?
(3
!?
(3
>(
>(
>4
!3
!3
>4
!3
(4 (!
'/
'/
'/
'/
':
':
':
':
':
4/
!?
!?
'?
'/
!!
!?
!/
':
':
':
!3
!3
':
':
':
!3
!3
!3
':
Ik),8KIK&K95Y7'^&5 E4<#'!(47!DLFCRJWRR7W!?WNRJ>
..
?!
'3
#3
#'
#4
4
'3
4
4
?/
!:
?>
?(
??
4'
!:
?:
?(
??
?4
44
!>
!>
?#
#4
4
4
#(
'>
'>
#!
!#
4
4
4
':
':
4
!#
!#
Ik),8KIK&K95Y7'^&Z E4<#'!(47!DLFCRJWRR7W!?WNRJ>
.X
VW
RWN
G
Rc
Rc
RWJ
JP
c
Rg
V
VV
RWR
Rg
cc
cc
VP
VQ
RP V
G
JP
RW
Vg
RP
RP
RP
JP
JP
c
c
Vg
VR
VR
cQ
RWg Jg
RWg
Jg
VN
RWG
cV
cV
cN
cP
VJ
VG
Vc
G
G
J
RR
J
RR
Rg
P
RN
Rg
RN
Rg
Rg
P
RG
g
RG
Rg
P
P
Rg
RN
Rg
RWW
c
G
G
G
G
G
g
RGW
RGW
RWG
RRV
RRc RRQ
G
G
Ik),8KIK&K95Y7'^&4 E4<#'!(47!DLFCRJWRR7W!?WNRJ>
.U
RWP
RWQ
R
R
RRJ
G
R
R
G
G
RW RRN GW
RRg
GW
GW
RRG
G
G
RWc
R
R
RRR
G
RRW
G
GW
G
R
G
G
RRg
RRg
RRg
RRP
RRP
Ik),8KIK&K95Y7'^&K E4<#'!(47!DLFCRJWRR7W!?WNRJ>
!"#$%&'(%)*++,-%.-/+)0% !#12$34%12%560%7%*-+)%89:&%8!;%82<(
89:&%=3">$?%@%A1$23BB;%82<(%C89:&D%E"##"2$B% $?1B%F#'4G<$%$'%H3%I#33%I#'J%43I3<$B%12%E'#KJ"2B?1F%"24%
J"$3#1">;%G243#%2'#J">%GB3%"24%B3#L1<3%<'241$1'2B(%M?3%I#"J3%"24%4#1L3%J'$'#%"#3%E"##"2$34%I'#%"%>1I3$1J3(%
!"#$B%"#3%E"##"2$34%I'#%%L3%C/D%N3"#B%I#'J%$?3%4"$3%'I%FG#<?"B3(%O"H'#%1B%E"##"2$34%I'#%$E'%C*D%N3"#B%I#'J%
$?3%4"$3%'I%FG#<?"B3(
M?1B%E"##"2$N%3P$324B%'2>N%$'%$?3%'#1Q12">%FG#<?"B3#%C<GB$'J3#D(%89:&RB%'H>1Q"$1'2%G243#%$?1B%E"##"2$N%1B%
>1J1$34%$'%#3F"1#12Q%'#%#3F>"<12Q;%"$%89:&RB%'F$1'2;%$?3%F#'4G<$%$?#'GQ?%'23%'I%1$B%"G$?'#1S34%B3#L1<3%<32$3#B(%
0>>%#3F"1#B%I'#%E?1<?%E"##"2$N%<>"1JB%"#3%J"43%JGB$%H3%F#3"G$?'#1S34%HN%89:&(%8I%$?3%F#'4G<$%1B%B?1FF34%
$'%"%B3#L1<3%<32$3#;%I#31Q?$%<?"#Q3B%$'%"24%I#'J%$?3%B3#L1<3%<32$3#%E1>>%H3%$?3%<GB$'J3#RB%#3BF'2B1H1>1$N(%8I%
#3F>"<3J32$%F"#$B%"#3%B?1FF34%E?1>3%$?3%F#'4G<$%1B%G243#%E"##"2$N;%$?3%<GB$'J3#%E1>>%H3%#3BF'2B1H>3%I'#%"%
J121J">%?"24>12Q%<?"#Q3(%A'#%12T?'J3%B3#L1<3;%$?3%<GB$'J3#%E1>>%H3%#3BF'2B1H>3%I'#%"%J121J">%$#1F%<?"#Q3(%
M?1B%E"##"2$N%4'3B%2'$%3P$324%$'%I#31Q?$%4"J"Q3%$'%$?3%F#'4G<$(%M?1B%E"##"2$N%E1>>%"G$'J"$1<">>N%H3%L'1434%
1I%$?3%F#'4G<$%1B%GB34%"B%"%B$'#3%41BF>"N%J'43>;%1I%$?3%F#'4G<$%1B%FG#<?"B34%'#%$#"2BF'#$34%'G$B143%$?3%560;%
1I%">>%12B$#G<$1'2B%12%$?1B%J"2G">%"#3%2'$%I'>>'E34;%1I%$?3%F#'4G<$%1B%"HGB34%'#%1JF#'F3#>N%'#%"H2'#J">>N%GB34;%
'#%1I%$?3%F#'4G<$%1B%GB34%I'#%<'JJ3#<1">%'#%#32$">%FG#F'B3B(%&'%'$?3#%E"##"2$N%H3N'24%$?"$%BF3<1%<">>N%B3$%
I'#$?%"H'L3%1B%"G$?'#1S34%HN%89:&(
89:&%1B%2'$%#3BF'2B1H>3%'#%>1"H>3%I'#%1241#3<$;%BF3<1">;%'#%<'2B3UG32$1">%4"J"Q3B%"#1B12Q%'G$%'I%'#%12%<'2T
23<$1'2%E1$?%$?3%GB3%'#%F3#I'#J"2<3%'I%$?3%F#'4G<$V%4"J"Q3B%E1$?%#3BF3<$%$'%"2N%3<'2'J1<%>'BB;%>'BB%'I%
F#'F3#$N;%>'BB%'I%#3L32G3B%'#%F#'%$B;%>'BB%'I%32W'NJ32$%'#%GB3;%'#%<'B$B%'I%#3J'L">%'#%12B$">>"$1'2V%'#%'$?3#%
<'2B3UG32$1">%4"J"Q3B%'I%"2N%K124(%6'J3%B$"$3B%4'%2'$%">>'E%$?3%3P<>GB1'2%'#%>1J1$"$1'2%'I%12<1432$">%'#%
<'2B3UG32$1">%4"J"Q3B(%0<<'#412Q>N;%$?3%"H'L3%>1J1$"$1'2%J"N%2'$%"FF>N%$'%$?3%<GB$'J3#(
M?3%E"##"2$N%3P$32434%?3#3G243#%1B%12%>13G%'I%"2N%"24%">>%'$?3#%E"##"2$13B;%"24%"2N%1JF>134%E"##"2$13B%'I%
J3#<?"2$"H1>1$N%'#%%$23BB%I'#%"%F"#$1<G>"#%FG#F'B3%"#3%>1J1$34%12%$?31#%B<'F3%"24%4G#"$1'2%$'%$?3%$3#JB%B3$%
I'#$?%?3#312(%6'J3%B$"$3B%4'%2'$%">>'E%>1J1$"$1'2B%'2%?'E%>'2Q%"2%1JF>134%E"##"2$N%>"B$B(%0<<'#412Q>N;%$?3%
"H'L3%>1J1$"$1'2%J"N%2'$%"FF>N%$'%$?3%<GB$'J3#(
M?1B%E"##"2$N%F#'L143B%BF3<1%<%>3Q">%#1Q?$BV%$?3%<GB$'J3#%J"N%?"L3%'$?3#%#1Q?$B%$?"$%L"#N%I#'J%B$"$3%$'%B$"$3(
ICON Health & Fitness, Inc., 1500 S. 1000 W., Logan, UT 84321-9813
LIMITED WARRANTY
IMPORTANT: You must register this product within 30 days of the purchase date to avoid added
fees for service needed under warranty. Go to www.proformservice.com/registration.
M'%'#43#%#3F>"<3J32$%F"#$B;%F>3"B3%B33%$?3%I#'2$%<'L3#%'I%$?1B%J"2G">(%M'%?3>F%GB%"BB1B$%N'G;%H3%F#3F"#34%$'%F#'T
L143%$?3%I'>>'E12Q%12I'#J"$1'2%E?32%<'2$"<$12Q%GBX
Y% $?3%J'43>%2GJH3#%"24%B3#1">%2GJH3#%'I%$?3%F#'4G<$%CB33%$?3%I#'2$%<'L3#%'I%$?1B%J"2G">D
Y% $?3%2"J3%'I%$?3%F#'4G<$%CB33%$?3%I#'2$%<'L3#%'I%$?1B%J"2G">D
Y% %$?3%K3N%2GJH3#%"24%43B<#1F$1'2%'I%$?3%#3F>"<3J32$%F"#$CBD%CB33%$?3%!0.M%O86M%"24%$?3%Z[!O:\Z\%
% \.0]8&^%23"#%$?3%324%'I%$?1B%J"2G">D
ORDERING REPLACEMENT PARTS

Navigation menu