raycop RS PRO User manual

Contents
Before Starting
Understanding
Dust Mites
Designed for Safety
Included Items
Name of each Part
Basic Operation
How to clean
Maintenance
Replacement of
Consumables
How to Use
Trouble Shooting
Safety Reminders
Commitment to
Quality
References
Before Starting How to Use References
16
18
20
7
8
9
13
2
3
4
5
ＲS Pro
● Please refer to the ‘Safety Precautions’ before use for details on how to
stay safe and prevent damage.
● This RAYCOP is specifically designed for the North American market.
The use of this RAYCOP outside of North America is not recommended.
●The exterior and specifications of this product are subject to change
without prior notice.
Thank you for purchasing RAYCOP.
OPERATING
MANUAL


6OEFSTUBOEJOH%VTU.JUFT
3PVHIMZPVUPGIPNFTJOUIF64IBWFEFUFDUBCMFMFWFMTPGEVTUNJUFTBTXFMMBTPUIFS
BMMFSHFOTCBDUFSJBBOEWJSVTFT%VTUNJUFTBOEUIFJSXBTUFQSPEVDUTBSFPOFPGUIFNPTU
DPNNPODBVTFTPGZFBSSPVOEBMMFSHJFTBOEBTUINB%VFUPUIFJSUJOZTJ[FBOEUSBOTMVDFOU
CPEJFTEVTUNJUFTDBOˏUCFTFFOXJUIUIFOBLFEFZF%VTUNJUFTPVSJTIJOUIFXBSNIVNJE
UFNQFSBUVSFTPGIPNFTBOEGFFEPOUIFUJOZBLFTPGIVNBOTLJOUIBUQFPQMFOPSNBMMZTIFE
FBDIEBZ5IFTFBLFTPGTLJOXPSLUIFJSXBZEFFQJOUPUIFJOOFSMBZFSTPGGVSOJUVSFCFEEJOH
BOEFWFOJOUPTUVFEUPZTˋQMBDFTXIFSFNJUFTUISJWF
8FTQFOEBQQSPYJNBUFMZPGPVSMJWFTTMFFQJOHXIFSFXFTIFEBMPUTLJOBLFTBOEDSFBUF
BXBSNFSNPSFIVNJEFOWJSPONFOUJOPVSCFETUISPVHIPVSCPEZIFBUBOETXFBU
5IJTDBVTFTPVSNBUUSFTTFTBOEQJMMPXTUPIBWFUIFIJHIFTUDPODFOUSBUJPOPGEVTUNJUFTBOE
UIFJSBMMFSHFOJDXBTUF
3FHVMBSMZVTJOH3":$01BMMFSHFOWBDVVNTPONBUUSFTTFTCFEEJOHQJMMPXTBTXFMMBTPUIFS
GBCSJDTVSGBDFTJTUIFNPTUFFDUJWFXBZUPDPOUSPMEVTUNJUFBMMFSHJFT8IFOVTJOH3":$01
WFSZTMPXMZQVTIBOEQVMMUIFEFWJDFBDSPTTGBCSJDTVSGBDFTTJNJMBSMZUPIPXZPVXPVMEVTF
BOJSPOPODMPUIFT5IJTBMMPXTFOPVHI67MJHIUFYQPTVSFBOETVDUJPOUPUIPSPVHIMZDMFBOUIF
CVJMEVQPGEVTUNJUFNBUUFSCBDUFSJBBOEWJSVTFT6TJOH3":$01GSFRVFOUMZJOUIFSTUXFFLT
XJMMHSFBUMZSFEVDFUIFEVTUNJUFQPQVMBUJPOJOZPVSGBCSJDT5IFO3":$01TIPVMECFVTFE
XFFLMZUPNBJOUBJOMPXBMMFSHFOMFWFMTJOZPVSGBCSJDT
%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH
)PXUP6TF
Ӎ.BJOUFOBODFPGUIF1VMTBUJOH#SVTI
* GUPPNVDIIBJSPSEFCSJTJTDBVHIUPOUIF1VMTBUJOH#SVTI
UIF1VMTBUJOH#SVTINBZOPUGVODUJPOBOEXJMMBVUPNBUJDBMMZ
TUPQGPSTBGFUZSFBTPOT
5IFCSVTIXJMMBVUPNBUJDBMMZTUBSUSPUBUJOHBHBJOBCPVU
TFDPOETBGUFSJUTUPQT1FSJPEJDBMMZSFNPWFBOZIBJSPS
PCTUBDMFTPOUIF1VMTBUJOH#SVTIUPFOTVSFJUPQFSBUFT
DPSSFDUMZ
-PDLUIFIPPLTFDVSFMZCZSFWFSTJOH
UIFQSPDFEVSFVTFEGPSSFNPWBM
&OE$BQ
4MJEFUIFHSJMMFIPPLTBUCPUIFOETVOUJMZPVTFFUIFHSFFOJOEJDBUPS



 
3FNPWFUIF1VMTBUJOH#SVTICZMJGUJOH
UIFFOEDBQ
"GUFSDMFBOJOHSFBUUBDIUIFCSVTIUP
JUTPSJHJOBMQPTJUJPOGSPNUIFMFGUTJEF
(SFFO*OEJDBUPS
%FUBDIUIFFOEDBQBOESFNPWFBOZ
IBJSUIBUJTFOUBOHMFEJOUIF1VMTBUJOH
#SVTI*GUIFCSVTIJTFYDFTTJWFMZEJSUZ
XBTIJUXJUIEFUFSHFOUPSTPBQSJOTF
XJUIXBUFSBOEUIPSPVHIMZESZ
(SJMMF)PPL
(SJMMF)PPL

1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
v5IF1VMTBUJOH#SVTINBZCFEBNBHFEJGZPVUSZUPGPSDJCMZSFNPWFIBJSTXJUITDJTTPST
PSPUIFSTIBSQJUFNTMPXFSJOHQFSGPSNBODFBOEPSEBNBHFGBCSJDTVSGBDFT
v1MFBTFFOTVSFUIFQVMTBUJOHCSVTIJTDPNQMFUFMZESZCFGPSFVTF
"OZSFTJEVBMXBUFSDPVMEJNQBDUUIFUIFGVODUJPOBMJUZBOEFFDUJWFOFTTPG3":$01UP
TBOJUJ[FZPVSGBCSJD
$BVUJPO

.BJOUFOBODF
Ӎ.BJOUFOBODFPGUIFBSFBBSPVOEUIFWBDVVNJOUBLF
4VDUJPOQFSGPSNBODFDPVMECFBFDUFEJGPCKFDUTTVDIBTEFCSJTPSIBJSDMPHTUIFTVDUJPO
JOUBLF6TFBTPGUCSVTIDMPUIPSTJNJMBSJUFNUPSFNPWFBOEDMFBOUIFBSFB
Ӎ.BJOUFOBODFPGUIF67-BNQ
67-BNQQFSGPSNBODFNBZEFDSFBTFTJGUPPNVDIEVTUPSEFCSJTJTPOUIFTVSGBDFPGUIFUVCF
.BLFTVSFUIFMBNQJTDMFBOFEQFSJPEJDBMMZGPSPQUJNBMQFSGPSNBODF
4MJEFUIFUXPHSJMMFIPPLTBUUIFFOETVOUJMZPVDBOTFFUIFHSFFOJOEJDBUPST
#FDBSFGVMOPUUPEBNBHFUIF67-BNQ1SPUFDUJWF5VCF1EVSJOHUIF
DMFBOJOHQSPDFTT
˟1MFBTFNBLFTVSFUIBUUIF-BNQJTOPUIPUCFGPSFZPVDBSSZPOUIFDMFBOJOHQSPDFTT
˟5IFDMPUITIPXOJOUIF
JMMVTUSBUJPOJTOPUJODMVEFE
*GUIFJOUBLFJTDMPHHFEUIFDMFBOFS
NBZNBLFBWJCSBUJOHTPVOEPS
PWFSIFBUDBVTJOHBNBMGVODUJPO
PSSF
$BVUJPO
˟5IFCSVTITIPXOJOUIFJMMVTUSBUJPOJTOPUJODMVEFE


(SFFO*OEJDBUPS
$BVUJPO
6TFBESZDMPUIUPDBSFGVMMZDMFBOBSPVOEUIF67-BNQ1SPUFDUJWF5VCF
(SJMMF)PPL
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH

3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF

.BJOUFOBODF
Ӎ.BJOUFOBODFPGUIFBSFBBSPVOEUIFWBDVVNJOUBLF
4VDUJPOQFSGPSNBODFDPVMECFBFDUFEJGPCKFDUTTVDIBTEFCSJTPSIBJSDMPHTUIFTVDUJPO
JOUBLF6TFBTPGUCSVTIDMPUIPSTJNJMBSJUFNUPSFNPWFBOEDMFBOUIFBSFB
Ӎ.BJOUFOBODFPGUIF67-BNQ
67-BNQQFSGPSNBODFNBZEFDSFBTFTJGUPPNVDIEVTUPSEFCSJTJTPOUIFTVSGBDFPGUIFUVCF
.BLFTVSFUIFMBNQJTDMFBOFEQFSJPEJDBMMZGPSPQUJNBMQFSGPSNBODF
4MJEFUIFUXPHSJMMFIPPLTBUUIFFOETVOUJMZPVDBOTFFUIFHSFFOJOEJDBUPST
#FDBSFGVMOPUUPEBNBHFUIF67-BNQ1SPUFDUJWF5VCF1EVSJOHUIF
DMFBOJOHQSPDFTT
˟1MFBTFNBLFTVSFUIBUUIF-BNQJTOPUIPUCFGPSFZPVDBSSZPOUIFDMFBOJOHQSPDFTT
˟5IFDMPUITIPXOJOUIF
JMMVTUSBUJPOJTOPUJODMVEFE
*GUIFJOUBLFJTDMPHHFEUIFDMFBOFS
NBZNBLFBWJCSBUJOHTPVOEPS
PWFSIFBUDBVTJOHBNBMGVODUJPO
PSSF
$BVUJPO
˟5IFCSVTITIPXOJOUIFJMMVTUSBUJPOJTOPUJODMVEFE


(SFFO*OEJDBUPS
$BVUJPO
6TFBESZDMPUIUPDBSFGVMMZDMFBOBSPVOEUIF67-BNQ1SPUFDUJWF5VCF
(SJMMF)PPL
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO

%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH

3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF
/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/


3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF
/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1


3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF

Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF

Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ


Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT
Ӎ%FWJDFNBJOUFOBODF
.BJOUFOBODF
6OQMVHUIFQPXFSDPEFBOEXJQFPUIFEFWJDFCPEZXJUIESZDMPUI
"DMFBOMUFSPQUJNJ[FTTVDUJPOQPXFSBOEUIFSFGPSFJUJT
SFDPNNFOEFEUIBU%VTU#PY'JMUFSJTDMFBOFEFBDIUJNF
BGUFSVTF
Ӎ%VTU#PY'JMUFSBOE%VTU#PYNBJOUFOBODF


3FNPWFUIFEFCSJTBOEEVTUPOUIFMUFSVTJOHBTPGUCSVTIPSTQPOHFUPDMFBOGPSCFTU
SFTVMUT
3FNPWFUIF%VTU#PY'JMUFS
CZQSFTTJOHUIFDMJQTPO
CPUITJEFT
˟#SVTIJTOPUJODMVEFE
1VMMPVUUIF%VTU#PYBTTIPXOCFMPX
˟1SFTTUIFWBDVVNIBOEMFEPXOXIFO
խQVMMJOHPVUUIFEVTUCPY
4VCNFSHFUIF%VTU#PYXJUIUIF%VTU#PY'JMUFSBUUBDIFEJOUPUIFTJOLDPOUBJOJOHXBUFS
3FNPWFUIF%VTU#PY'JMUFSGSPNUIF%VTU#PYVOEFSOFBUIUIFXBUFSBOESJOTFJU
UPQSFWFOUIPVTFEVTUGSPNTDBUUFSJOH

)PXUP6TF


%SZUIF%VTU#PY'JMUFSBOE%VTU#PYJOBXFMM
WFOUJMBUFETIBEFEMPDBUJPOVOUJMDPNQMFUFMZESZ
*OTFSUUIF%VTU#PY'JMUFSCBDLJOUPUIF%VTU#PY
VOUJMZPVIFBSBDMJDLTPVOE
"UUBDIUIF%VTU#PYCBDLUPUIF3":$01BT
TIPXOJOUIFEJBHSBN
˟1MFBTFQSFTTJUVOUJMZPVIFBSBˎDMJDLˏUIBU
JOEJDBUFTJUXBTBUUBDIFEQSPQFSMZ
%VTU#PY'JMUFSDPVMEHFUDMPHHFEBOEJNQBDUTTVDUJPO
TUSFOHUI
*GUIFMUFSJTOPUESJFEDPNQMFUFMZCFGPSFVTFNPJTUVSF
BOEIVNJEJUZNBZCFTVDLFEJOUPUIFNPUPSSFTVMUJOHJO
NBMGVODUJPO
$BVUJPO
v%POPUBUUBDIUIF%VTU#PYUPUIF3":$01
XJUIPVUSTUJOTFSUJOHUIF%VTU#PY'JMUFS
v8JUIPVUUIFMUFSIPVTFEVTUBOEPUIFSGPSFJHO
TVCTUBODFTDBOFOUFSUIFNPUPSXIJDINBZ
DBVTFEBNBHFPSSF
v5IF%VTU#PY'JMUFSJTBDPOTVNBCMFQSPEVDU3FQMBDFNFOUGSFRVFODZJTSFDPNNFOEFE
BUFWFSZUPNPOUITJGZPVVTFUIF3":$01NJOVUFTBEBZFWFSZEBZ
3FQMBDFJNNFEJBUFMZJGUIFMUFSJTCSPLFOPSDMPHHFE
v3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUXXXSBZDPQDPN

.BJOUFOBODF
%&5&3(&/5
$BVUJPO
$BVUJPO
1SPUFJOTVDIBTTLJOBLFTJOIPVTFEVTUDBVTFTDMPHHJOH1FSJPEJDBMMZ
TPBLUIFMUFSJOOFVUSBMEFUFSHFOUEJMVUFEXJUIXBUFSXBUFSEFUFSHFOU
SBUJPGPSBCPVUNJOVUFTBOEUIFOUIPSPVHIMZXBTIUIFMUFSCZ
VTJOHBCSVTI*GUIJTEPFTOPUSFTUPSFTVDUJPOTUSFOHUISFQMBDFUIFMUFS
XJUIBOFXMUFS"DDFTTPSJFTDBOCFQVSDIBTFEPOMJOFBUXXXSBZDPQDPN

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ

$0..*5.&/55026"-*5:
XXXSBZDPQDPN
5FDIOJDBM4QFDJDBUJPOT
.PEFM
RTP-100US
4FSJBM/VNCFS
8BSSBOUZ1FSJPE
ZFBSGSPNUIFEBUFPGQVSDIBTF
QBSUTBOEBEEJUJPOBMQSPEVDUTBSFOPUJODMVEFE
4J[FNN
8FJHIU
1PXFS$POTVNQUJPO
67$-BNQ
7JCSBUJPO1BET
4VDUJPO.PEF
"JS'JMUSBUJPO
67-JHIU4BGFUZ.FDIBOJTN
.PUPS4BGFUZ
99JOYYNN
"QQSPYJNBUFMZMCTLH
8
8ON
31.
.PEF
4UBOEBSE'JMUFS)&1"'JMUFS
5XP#VJMUJO4FOTPSTGPS4VSGBDF%FUFDUJPO
)FBU%FUFDUJPOXJUI"VUPNBUJD$VUP4XJUDI
˖ 6MUSB-JHIUBOE7FSTBUJMF
˖ 4FQBSBUF"JS'JMUSBUJPO
 4ZTUFN
˖ 8BUU67$-BNQ
˖ .JOVUF7JCSBUJPO
 $BQBCJMJUZ
1SPEVDFE'PS
3":$01/PSUI"NFSJDB*OD
"MDPTUB#PVMFWBSE4VJUF
4BO3BNPO$"

&1"$PNQBOZ/P
&1"&TU/P,03
TVQQPSU!SBZDPQDPN
3":$01



%SZUIF%VTU#PY'JMUFSBOE%VTU#PYJOBXFMM
WFOUJMBUFETIBEFEMPDBUJPOVOUJMDPNQMFUFMZESZ
*OTFSUUIF%VTU#PY'JMUFSCBDLJOUPUIF%VTU#PY
VOUJMZPVIFBSBDMJDLTPVOE
"UUBDIUIF%VTU#PYCBDLUPUIF3":$01BT
TIPXOJOUIFEJBHSBN
˟1MFBTFQSFTTJUVOUJMZPVIFBSBˎDMJDLˏUIBU
JOEJDBUFTJUXBTBUUBDIFEQSPQFSMZ
%VTU#PY'JMUFSDPVMEHFUDMPHHFEBOEJNQBDUTTVDUJPO
TUSFOHUI
*GUIFMUFSJTOPUESJFEDPNQMFUFMZCFGPSFVTFNPJTUVSF
BOEIVNJEJUZNBZCFTVDLFEJOUPUIFNPUPSSFTVMUJOHJO
NBMGVODUJPO
$BVUJPO
v%POPUBUUBDIUIF%VTU#PYUPUIF3":$01
XJUIPVUSTUJOTFSUJOHUIF%VTU#PY'JMUFS
v8JUIPVUUIFMUFSIPVTFEVTUBOEPUIFSGPSFJHO
TVCTUBODFTDBOFOUFSUIFNPUPSXIJDINBZ
DBVTFEBNBHFPSSF
v5IF%VTU#PY'JMUFSJTBDPOTVNBCMFQSPEVDU3FQMBDFNFOUGSFRVFODZJTSFDPNNFOEFE
BUFWFSZUPNPOUITJGZPVVTFUIF3":$01NJOVUFTBEBZFWFSZEBZ
3FQMBDFJNNFEJBUFMZJGUIFMUFSJTCSPLFOPSDMPHHFE
v3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUXXXSBZDPQDPN

.BJOUFOBODF
%&5&3(&/5
$BVUJPO
$BVUJPO
1SPUFJOTVDIBTTLJOBLFTJOIPVTFEVTUDBVTFTDMPHHJOH1FSJPEJDBMMZ
TPBLUIFMUFSJOOFVUSBMEFUFSHFOUEJMVUFEXJUIXBUFSXBUFSEFUFSHFOU
SBUJPGPSBCPVUNJOVUFTBOEUIFOUIPSPVHIMZXBTIUIFMUFSCZ
VTJOHBCSVTI*GUIJTEPFTOPUSFTUPSFTVDUJPOTUSFOHUISFQMBDFUIFMUFS
XJUIBOFXMUFS"DDFTTPSJFTDBOCFQVSDIBTFEPOMJOFBUXXXSBZDPQDPN

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ

$0..*5.&/55026"-*5:
XXXSBZDPQDPN
5FDIOJDBM4QFDJDBUJPOT
.PEFM
RTP-100US
4FSJBM/VNCFS
8BSSBOUZ1FSJPE
ZFBSGSPNUIFEBUFPGQVSDIBTF
QBSUTBOEBEEJUJPOBMQSPEVDUTBSFOPUJODMVEFE
4J[FNN
8FJHIU
1PXFS$POTVNQUJPO
67$-BNQ
7JCSBUJPO1BET
4VDUJPO.PEF
"JS'JMUSBUJPO
67-JHIU4BGFUZ.FDIBOJTN
.PUPS4BGFUZ
99JOYYNN
"QQSPYJNBUFMZMCTLH
8
8ON
31.
.PEF
4UBOEBSE'JMUFS)&1"'JMUFS
5XP#VJMUJO4FOTPSTGPS4VSGBDF%FUFDUJPO
)FBU%FUFDUJPOXJUI"VUPNBUJD$VUP4XJUDI
˖ 6MUSB-JHIUBOE7FSTBUJMF
˖ 4FQBSBUF"JS'JMUSBUJPO
 4ZTUFN
˖ 8BUU67$-BNQ
˖ .JOVUF7JCSBUJPO
 $BQBCJMJUZ
1SPEVDFE'PS
3":$01/PSUI"NFSJDB*OD
"MDPTUB#PVMFWBSE4VJUF
4BO3BNPO$"

&1"$PNQBOZ/P
&1"&TU/P,03
TVQQPSU!SBZDPQDPN
3":$01

)PXUP6TF
Ӎ.BJOUFOBODFPGUIF1VMTBUJOH#SVTI
* GUPPNVDIIBJSPSEFCSJTJTDBVHIUPOUIF1VMTBUJOH#SVTI
UIF1VMTBUJOH#SVTINBZOPUGVODUJPOBOEXJMMBVUPNBUJDBMMZ
TUPQGPSTBGFUZSFBTPOT
5IFCSVTIXJMMBVUPNBUJDBMMZTUBSUSPUBUJOHBHBJOBCPVU
TFDPOETBGUFSJUTUPQT1FSJPEJDBMMZSFNPWFBOZIBJSPS
PCTUBDMFTPOUIF1VMTBUJOH#SVTIUPFOTVSFJUPQFSBUFT
DPSSFDUMZ
-PDLUIFIPPLTFDVSFMZCZSFWFSTJOH
UIFQSPDFEVSFVTFEGPSSFNPWBM
&OE$BQ
4MJEFUIFHSJMMFIPPLTBUCPUIFOETVOUJMZPVTFFUIFHSFFOJOEJDBUPS



 
3FNPWFUIF1VMTBUJOH#SVTICZMJGUJOH
UIFFOEDBQ
"GUFSDMFBOJOHSFBUUBDIUIFCSVTIUP
JUTPSJHJOBMQPTJUJPOGSPNUIFMFGUTJEF
(SFFO*OEJDBUPS
%FUBDIUIFFOEDBQBOESFNPWFBOZ
IBJSUIBUJTFOUBOHMFEJOUIF1VMTBUJOH
#SVTI*GUIFCSVTIJTFYDFTTJWFMZEJSUZ
XBTIJUXJUIEFUFSHFOUPSTPBQSJOTF
XJUIXBUFSBOEUIPSPVHIMZESZ
(SJMMF)PPL
(SJMMF)PPL

1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
v5IF1VMTBUJOH#SVTINBZCFEBNBHFEJGZPVUSZUPGPSDJCMZSFNPWFIBJSTXJUITDJTTPST
PSPUIFSTIBSQJUFNTMPXFSJOHQFSGPSNBODFBOEPSEBNBHFGBCSJDTVSGBDFT
v1MFBTFFOTVSFUIFQVMTBUJOHCSVTIJTDPNQMFUFMZESZCFGPSFVTF
"OZSFTJEVBMXBUFSDPVMEJNQBDUUIFUIFGVODUJPOBMJUZBOEFFDUJWFOFTTPG3":$01UP
TBOJUJ[FZPVSGBCSJD
$BVUJPO

.BJOUFOBODF
Ӎ.BJOUFOBODFPGUIFBSFBBSPVOEUIFWBDVVNJOUBLF
4VDUJPOQFSGPSNBODFDPVMECFBFDUFEJGPCKFDUTTVDIBTEFCSJTPSIBJSDMPHTUIFTVDUJPO
JOUBLF6TFBTPGUCSVTIDMPUIPSTJNJMBSJUFNUPSFNPWFBOEDMFBOUIFBSFB
Ӎ.BJOUFOBODFPGUIF67-BNQ
67-BNQQFSGPSNBODFNBZEFDSFBTFTJGUPPNVDIEVTUPSEFCSJTJTPOUIFTVSGBDFPGUIFUVCF
.BLFTVSFUIFMBNQJTDMFBOFEQFSJPEJDBMMZGPSPQUJNBMQFSGPSNBODF
4MJEFUIFUXPHSJMMFIPPLTBUUIFFOETVOUJMZPVDBOTFFUIFHSFFOJOEJDBUPST
#FDBSFGVMOPUUPEBNBHFUIF67-BNQ1SPUFDUJWF5VCF1EVSJOHUIF
DMFBOJOHQSPDFTT
˟1MFBTFNBLFTVSFUIBUUIF-BNQJTOPUIPUCFGPSFZPVDBSSZPOUIFDMFBOJOHQSPDFTT
˟5IFDMPUITIPXOJOUIF
JMMVTUSBUJPOJTOPUJODMVEFE
*GUIFJOUBLFJTDMPHHFEUIFDMFBOFS
NBZNBLFBWJCSBUJOHTPVOEPS
PWFSIFBUDBVTJOHBNBMGVODUJPO
PSSF
$BVUJPO
˟5IFCSVTITIPXOJOUIFJMMVTUSBUJPOJTOPUJODMVEFE


(SFFO*OEJDBUPS
$BVUJPO
6TFBESZDMPUIUPDBSFGVMMZDMFBOBSPVOEUIF67-BNQ1SPUFDUJWF5VCF
(SJMMF)PPL

%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH
)PXUP6TF
Ӎ.BJOUFOBODFPGUIF1VMTBUJOH#SVTI
* GUPPNVDIIBJSPSEFCSJTJTDBVHIUPOUIF1VMTBUJOH#SVTI
UIF1VMTBUJOH#SVTINBZOPUGVODUJPOBOEXJMMBVUPNBUJDBMMZ
TUPQGPSTBGFUZSFBTPOT
5IFCSVTIXJMMBVUPNBUJDBMMZTUBSUSPUBUJOHBHBJOBCPVU
TFDPOETBGUFSJUTUPQT1FSJPEJDBMMZSFNPWFBOZIBJSPS
PCTUBDMFTPOUIF1VMTBUJOH#SVTIUPFOTVSFJUPQFSBUFT
DPSSFDUMZ
-PDLUIFIPPLTFDVSFMZCZSFWFSTJOH
UIFQSPDFEVSFVTFEGPSSFNPWBM
&OE$BQ
4MJEFUIFHSJMMFIPPLTBUCPUIFOETVOUJMZPVTFFUIFHSFFOJOEJDBUPS



 
3FNPWFUIF1VMTBUJOH#SVTICZMJGUJOH
UIFFOEDBQ
"GUFSDMFBOJOHSFBUUBDIUIFCSVTIUP
JUTPSJHJOBMQPTJUJPOGSPNUIFMFGUTJEF
(SFFO*OEJDBUPS
%FUBDIUIFFOEDBQBOESFNPWFBOZ
IBJSUIBUJTFOUBOHMFEJOUIF1VMTBUJOH
#SVTI*GUIFCSVTIJTFYDFTTJWFMZEJSUZ
XBTIJUXJUIEFUFSHFOUPSTPBQSJOTF
XJUIXBUFSBOEUIPSPVHIMZESZ
(SJMMF)PPL
(SJMMF)PPL

1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
v5IF1VMTBUJOH#SVTINBZCFEBNBHFEJGZPVUSZUPGPSDJCMZSFNPWFIBJSTXJUITDJTTPST
PSPUIFSTIBSQJUFNTMPXFSJOHQFSGPSNBODFBOEPSEBNBHFGBCSJDTVSGBDFT
v1MFBTFFOTVSFUIFQVMTBUJOHCSVTIJTDPNQMFUFMZESZCFGPSFVTF
"OZSFTJEVBMXBUFSDPVMEJNQBDUUIFUIFGVODUJPOBMJUZBOEFFDUJWFOFTTPG3":$01UP
TBOJUJ[FZPVSGBCSJD
$BVUJPO

.BJOUFOBODF
Ӎ.BJOUFOBODFPGUIFBSFBBSPVOEUIFWBDVVNJOUBLF
4VDUJPOQFSGPSNBODFDPVMECFBFDUFEJGPCKFDUTTVDIBTEFCSJTPSIBJSDMPHTUIFTVDUJPO
JOUBLF6TFBTPGUCSVTIDMPUIPSTJNJMBSJUFNUPSFNPWFBOEDMFBOUIFBSFB
Ӎ.BJOUFOBODFPGUIF67-BNQ
67-BNQQFSGPSNBODFNBZEFDSFBTFTJGUPPNVDIEVTUPSEFCSJTJTPOUIFTVSGBDFPGUIFUVCF
.BLFTVSFUIFMBNQJTDMFBOFEQFSJPEJDBMMZGPSPQUJNBMQFSGPSNBODF
4MJEFUIFUXPHSJMMFIPPLTBUUIFFOETVOUJMZPVDBOTFFUIFHSFFOJOEJDBUPST
#FDBSFGVMOPUUPEBNBHFUIF67-BNQ1SPUFDUJWF5VCF1EVSJOHUIF
DMFBOJOHQSPDFTT
˟1MFBTFNBLFTVSFUIBUUIF-BNQJTOPUIPUCFGPSFZPVDBSSZPOUIFDMFBOJOHQSPDFTT
˟5IFDMPUITIPXOJOUIF
JMMVTUSBUJPOJTOPUJODMVEFE
*GUIFJOUBLFJTDMPHHFEUIFDMFBOFS
NBZNBLFBWJCSBUJOHTPVOEPS
PWFSIFBUDBVTJOHBNBMGVODUJPO
PSSF
$BVUJPO
˟5IFCSVTITIPXOJOUIFJMMVTUSBUJPOJTOPUJODMVEFE


(SFFO*OEJDBUPS
$BVUJPO
6TFBESZDMPUIUPDBSFGVMMZDMFBOBSPVOEUIF67-BNQ1SPUFDUJWF5VCF
(SJMMF)PPL
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH

3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF

.BJOUFOBODF
Ӎ.BJOUFOBODFPGUIFBSFBBSPVOEUIFWBDVVNJOUBLF
4VDUJPOQFSGPSNBODFDPVMECFBFDUFEJGPCKFDUTTVDIBTEFCSJTPSIBJSDMPHTUIFTVDUJPO
JOUBLF6TFBTPGUCSVTIDMPUIPSTJNJMBSJUFNUPSFNPWFBOEDMFBOUIFBSFB
Ӎ.BJOUFOBODFPGUIF67-BNQ
67-BNQQFSGPSNBODFNBZEFDSFBTFTJGUPPNVDIEVTUPSEFCSJTJTPOUIFTVSGBDFPGUIFUVCF
.BLFTVSFUIFMBNQJTDMFBOFEQFSJPEJDBMMZGPSPQUJNBMQFSGPSNBODF
4MJEFUIFUXPHSJMMFIPPLTBUUIFFOETVOUJMZPVDBOTFFUIFHSFFOJOEJDBUPST
#FDBSFGVMOPUUPEBNBHFUIF67-BNQ1SPUFDUJWF5VCF1EVSJOHUIF
DMFBOJOHQSPDFTT
˟1MFBTFNBLFTVSFUIBUUIF-BNQJTOPUIPUCFGPSFZPVDBSSZPOUIFDMFBOJOHQSPDFTT
˟5IFDMPUITIPXOJOUIF
JMMVTUSBUJPOJTOPUJODMVEFE
*GUIFJOUBLFJTDMPHHFEUIFDMFBOFS
NBZNBLFBWJCSBUJOHTPVOEPS
PWFSIFBUDBVTJOHBNBMGVODUJPO
PSSF
$BVUJPO
˟5IFCSVTITIPXOJOUIFJMMVTUSBUJPOJTOPUJODMVEFE


(SFFO*OEJDBUPS
$BVUJPO
6TFBESZDMPUIUPDBSFGVMMZDMFBOBSPVOEUIF67-BNQ1SPUFDUJWF5VCF
(SJMMF)PPL
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO

%FTJHOFEGPS4BGFUZ
-POH6TF"MFSU
*GZPVSWBDVVNIBTCFFOSVOOJOHDPOTUBOUMZGPSNJOVUFTZPVXJMMIFBSCFFQT
BOEUIFCVUUPOXJMMTUBSUUPBTI5IFEFWJDFXJMMUVSOPBVUPNBUJDBMMZ
XIFOJUSFBDIFTNJOVUFTPGSVOUJNF:PVNBZUVSOUIFEFWJDFPOBHBJO
BOEDPOUJOVFUPVTFUIFQSPEVDU
)FBU4BOJUJ[BUJPO
5IF)FBU4BOJUJ[BUJPOGFBUVSFBVUPNBUJDBMMZBEKVTUTUPPQUJNBMUFNQFSBUVSF
UPFFDUJWFMZSFNPWFEVTUNJUFT)PXFWFSUIFIFBUFSJODPSQPSBUFTBTBGFUZ
NFDIBOJTNUIBUJOUIFFWFOUUIFWBDVVNHFUTUPPIPUJUXJMMBVUPNBUJDBMMZ
TIVUEPXOUPQSFWFOUUIFWBDVVNGSPNPWFSIFBUJOH
.JDSP)&1"'JMUFS3FQMBDFNFOU"MFSU1
3":$01XJMMBMFSUZPVXIFOJUJTUJNFUPSFQMBDFUIF.JDSP)&1"'JMUFS
:PVXJMMIFBSBMFSUDIJNFTBOEUIFSFEMJHIUPOUIFQPXFSCVUUPOXJMM
TUBSUBTIJOH
5IJTBMFSUUZQJDBMMZPDDVSTBGUFSFWFSZIPVSTPGVTF
.PUPS0WFSIFBUJOH1SFWFOUJPO4ZTUFN1
8IFOZPVSWBDVVNJTDPOUJOVPVTMZVTFEGPSNJOVUFTUIFNPUPS
PWFSIFBUJOHQSFWFOUJPOEFWJDFBVUPNBUJDBMMZTUPQTTVDUJPOUPQSFWFOU
PWFSIFBUJOHUIFNPUPS
5IJTNBZBMTPPDDVSJGUIF%VTU#PYPS%VTU#PY'JMUFSJTDMPHHFEBOE
SFRVJSFTDMFBOJOH
67VMUSBWJPMFUMJHIU#MPDLJOH'FBUVSF
.JOJNJ[FT67FNJUUFEUPBSFBTPUIFSUIBOUIFBSFBCFJOHDMFBOFE
67-BNQ4BGFUZ4FOTPST1
"TBGFUZEFWJDFUIBUBVUPNBUJDBMMZUVSOTPUIF67-BNQXIFOZPVSWBDVVNJT
NPWFEBXBZGSPNUIFTVSGBDF5IF67-BNQJTBVUPNBUJDBMMZUVSOFECBDLPO
XIFOZPVSWBDVVNJTQMBDFECBDLPOTVSGBDFBHBJO

#FGPSF4UBSUJOH

3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF
/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
)PXUP6TF
Ӎ3FQMBDJOHUIF1VMTBUJOH#SVTI
3FQMBDFNFOUGSFRVFODZGPSUIJTQBSUJTSFDPNNFOEFEBUPODFBZFBSXIFOVTJOHUIFQSPEVDU
NJOVUFTFWFSZEBZ3FQMBDFUIFCSVTIJGJUJTXPSOPVUBOEOPMPOHFSGVODUJPOTDPSSFDUMZ
"GUFSSFNPWJOHUIFCSVTICZSFGFSSJOHUP.BJOUFOBODFPGUIF1VMTBUJOH#SVTI1BUUBDI
UIFOFXCSVTICZSFWFSTJOHUIFQSPDFEVSFVTFEGPSSFNPWBM

3FQMBDFNFOUPG$POTVNBCMFT
Ӎ3FQMBDJOHUIF.JDSP)&1"'JMUFS
1SFTTUIF164)CVUUPOBUUIFCBDLPGUIF3":$01BOEMJGUUIF.JDSP)&1"'JMUFSDPWFS
JOUIFEJSFDUJPOPGUIFBSSPX

"GUFSBQQSPYJNBUFMZIPVSTPGVTFUIF.JDSP)&1"'JMUFS
JGVTFEFWFSZEBZGPSNJOVUFTUIJTJTBCPVUPOFZFBS
SFQMBDFNFOUBMFSUTPVOEXJMMDIJNFUJNFTUPBMFSUUIBUB
SFQMBDFNFOUJTSFRVJSFE1PXFSCVUUPOXJMMUVSOSFE
BOETUBSUBTIJOH3FQMBDFUIF.JDSP)&1"'JMUFSGPMMPXJOH
UIFJOTUSVDUJPOTCFMPX


.PWFUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPVOMPDLUIF
.JDSP)&1"'JMUFS
-JGUUIF.JDSP)&1"'JMUFSPVUCZQVMMJOH
UIFIBOEMFBTTIPXOJOUIFEJBHSBNPOUIF
SJHIU
$"65*0/ 5IF1VMTBUJOH#SVTIJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOUCSVTIDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN

3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/


3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUPVSPDJBMXFCTJUFXXXSBZDPQDPNPSBUBVUIPSJ[FE
SFUBJMFSTPSSFTFMMFST
*ODMVEFE*UFNT
0XOFST.BOVBM
JO&OHMJTI4QBOJTI'SFODI
2VJDL
4UBSU(VJEF
&YUSB'JMUFS
*UFNT*ODMVEFEJOUIF1BDLBHF
$POTVNBCMFTBUUBDIFEUPUIFWBDVVNBUQVSDIBTF
%VTU#PYBOE%VTU#PY'JMUFS
1VMTBUJOH#SVTI
.JDSP)&1"'JMUFS
%VTU#PY'JMUFS
VOJU
%VTU#PY
67-BNQBOE1SPUFDUJWF5VCF
67-BNQTFU
67-BNQ 1SPUFDUJWF5VCF
/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1


3FQMBDFNFOUPG$POTVNBCMFT
"TTIPXOJOUIFEJBHSBNCFMPXSFWFSUUIFQSPDFTTPGPQFOJOHDPOSNUIFDPSSFDU
QPTJUJPOPGUIFIPPLBOEDMPTFUIF.JDSP)&1"'JMUFS$PWFS
1MVHJOUIFQPXFSDPSEPG3":$01BOE3":$01
XJMM BVUPNBUJDBMMZCFJOTUBOECZNPEF1
6TFBQPJOUZPCKFDUTVDIBTBUPPUIQJDLUPQSFTT
BOEIPMEUIFSFTFU CVUUPOGPSBDPVQMFPGTFDPOET
VOUJMBDIJNFJTIFBSE




˟4FDVSFMZTFUUIF.JDSP)&1"'JMUFS
CZQSFTTJOHJUEPXOSNMZ
5VSOUIFMPDLMBUDIPGUIF.JDSP)&1"'JMUFSJOUIFEJSFDUJPOPGUIFBSSPXUPMPDLUIF
.JDSP)&1"'JMUFSJOQMBDF
*OTFSUUIFOFX.JDSP)&1"'JMUFSCZ
SFWFSTJOHUIFQSPDFTT
0OMZQSFTTUIFSFTFUCVUUPOBGUFSSFQMBDJOH
UIF.JDSP)&1"'JMUFSBGUFSIFBSJOHUIF
SFQMBDFNFOUBMBSNTPVOE
$BVUJPO
5IF.JDSP)&1"'JMUFSJTBDPOTVNBCMFQSPEVDU1MFBTFQVSDIBTFHFOVJOF
3":$01DPOTVNBCMFTBUXXXSBZDPQDPN
$BVUJPO
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

/BNJOHPG&BDI1BSU
˟5IFTVDUJPOXJEUIJOEJDBUPSJOEJDBUFTUIF
FFDUJWFTVDUJPOBSFB
4VDUJPO"QQSPYJNBUFMZJODN
"JS7FOU
1PXFS#VUUPO
1
%VTU#PY'JMUFS
%VTU#PY
˟8IFOJOTFSUJOHUIFEVTUCPYCBDL
JOUPUIFWBDVVNZPVTIPVMEIFBSB
DMJDLTPVOEUIBUDPOSNTJUJT
TFDVSFMZJOTFSUFE
4VDUJPO
8JEUI*OEJDBUPS
67-BNQ
*OEJDBUPS-JHIU1

#FGPSF4UBSUJOH
"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF
1MFBTFNBLFTVSFJUJTVOQMVHHFE BOE
UIFQPXFSJTUVSOFEPCFGPSFDMFBOJOHPSSFQMBDJOH
8BSOJOH
)PXUP6TF

Ӎ3FQMBDJOHUIF67-BNQ
˟*GUIFSFJTBOZEFGFDUXJUIJOUIFSTUZFBS
UIF67-BNQJTDPWFSFECZ3":$01ˏTPOFZFBS
XBSSBOUZ'PSNPSFEFUBJMTDPOUBDUDVTUPNFS
TVQQPSU
5VSOUIF67-BNQSFMFBTFMFWFSUP
VOMPDL
 
 
3FMFBTF-FWFS

5BLFPVUUIF67-BNQTFUGSPNUIF
SFMFBTFMFWFSTJEF
1SPUFDUJWF5VCF
"TTIPXOPO1UBLFPVUUIFHSJMMF
#ZVTJOHBESJWFSFNPWFUIFTDSFXT
JOPSEFSUPUBLFPVUUIF67-BNQ
1SPUFDUJWF5VCF
67-BNQ
3FMFBTF-FWFS
*OUIFSFWFSTFPSEFSPGSFNPWJOHBUUBDI
UIFSFMFBTFMFBWFSJOUIFOFX67-BNQ
TFUBOEUUIFSVCCFSJOUPUIFGPSN
"GUFSIFBSJOHBDMJDLTPVOEBOETFFJOH
UIFHSFFOQPJOUUVSOJUJOUPEFHSFFT
BOEBUUBDIJUUPUIFEFWJDF
5VSOPOUIFEFWJDFBOEWFSJGZJGUIF
67-BNQJTXPSLJOHQSPQFSMZCZ
DIFDLJOHUIF67-BNQ*OEJDBUPS
-JHIU
5BLFPVUUIF67-BNQTFUGSPNUIFSFMFBTF
MFWFSTJEF
$BVUJPO
67-BNQ
*OEJDBUPS-JHIU
5IF67-BNQJTBDPOTVNBCMFJUFN
5IFSFQMBDFNFOU67-BNQDBOCFQVSDIBTFEEJSFDUMZPOXXXSBZDPQDPN
$"65*0/



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

"JS7FOU .JDSP)&1"'JMUFS
3FTFU#VUUPO1
.JDSP'JMUFS
$PWFS1
.JDSP)&1"'JMUFS
1
(SJMMF)PPL
1
1VMTBUJOH#SVTI1
(SJMMF)PPL1
67-BNQ1
)FBU4BOJUJ[BUJPO1
67-BNQ(SJMMF
1
67-BNQ4FU
1
5IFUJOZTJMWFSCBMMJOTJEFUIF
67MBNQJTQBSUPGUIFMBNQ
*UJTOPSNBMGPSUIFTJMWFSCBMMUP
SPMMGSFFMZJOTJEFUIFMBNQ
˟
67-BNQ
4BGFUZ4FOTPS
1
67-BNQ
4BGFUZ4FOTPS
1

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF

Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT



1SJPSUPDPOUBDUJOHDVTUPNFSTVQQPSUDFOUFSUPSFRVFTUQSPEVDUSFQBJSQMFBTFSFGFSUPUIF
GPMMPXJOHUSPVCMFTIPPUJOHHVJEFMJOFT
5SPVCMF4IPPUJOH
1SPCMFNT 1PTTJCMF$BVTFBOE4PMVUJPO
1MVHUIFDPSEJOUPUIFTPDLFUBOEWFSJGZJGUIFQPXFS
CVUUPOJTPOBOEEJTQMBZTSFE*GUIFQPXFSCVUUPO
JTOPUPOWFSJGZJGUIFQMVHJTSNMZQMVHHFEJOUPUIF
TPDLFU
3":$01EPFTOPU
PQFSBUF
4VDUJPOEPFTOPUTFFN
UPCFXPSLJOHQSPQFSMZ
4VDUJPOTFFNTXFBL
4VDUJPOJTXFBLFSBOE
UIFQSPEVDUNBLFT
BCOPSNBMOPJTFT
Ӫ
7FSJGZJGUIFQPXFSTVQQMZJT"$7)[ Ӫ
.BLFTVSFUIFSFJTOPQSPCMFNXJUIUIFFMFDUSJDPVUMFU
CZQMVHHJOHBOEUFTUJOHBOPUIFSFMFDUSPOJDEFWJDF
Ӫ
3":$01IBTTPNFTBGFUZGFBUVSFTXIJDIQSFWFOUT
EBNBHFTPSDBVTFTBGFUZJTTVFGPSZPVPSZPVSGBNJMZ
0OFPGUIFTBGFUZGFBUVSFJTPWFSIFBUJOHQSFWFOUJPO
TZTUFNXIFODFSUBJOTDFOBSJPTPDDVSUIF3":$01NBZ
UFNQPSBSJMZTUPQPQFSBUJOHXIJDIJODMVEFT
Ӫ
5IFQSPEVDUIBTCFFOEFTJHOFEXJUIBDBSFGVMMZ
DBMJCSBUFETVDUJPOMFWFMUPPQUJNJ[FSFNPWBMPGBMMFSHFOT
TVDIBTEVTUNJUFNBUUFSTBOEIPVTFEVTUXJUIPVU
USBQQJOHUIFGBCSJDTJOUIFTVDUJPOJOUBLF
Ӫ
1MFBTFDIFDLJGUIFTVDUJPOJOUBLFPSUIF%VTU#PYJT
DMPHHFEXJUIIPVTFEVTUJGUIFBJSWFOUJTCMPDLFEPS
JGUIF%VTU#PY'JMUFSPSUIF.JDSP)&1"'JMUFSIBT
CFDPNFEJSUZ1
Ӫ
8IFOUIF%VTU#PYBOEPSUIF%VTU#PY'JMUFSBSF
FYUSFNFMZDMPHHFE1MFBTFFOTVSFUIF%VTU#PYJTFNQUJFE
BOEDMFBOFE

8IFOUIFWBDVVNTVDUJPOJOMFUJTCMPDLFECZBOPCTUBDMF
PSJTDMPHHFE

7BDVVNJTVTFEGPSNPSFUIBONJOVUFTPSJGUIFEFWJDF
JTQVTIFEEPXOGPSDJCMZPOUPBTVSGBDFBOEPSJGUIFNPUPS
HFUTPWFSIFBUFE

*ODBTFUIF%VTU#PY'JMUFSJTDMPHHFEPSUIFTVDUJPOQPXFS
CFDPNFTXFBLFS
"QPTTJCMFSFBTPODPVMECFUIFQSPUFJOTLJOBLFTFUD
GPVOEJOTJEFUIFIPVTFEVTU5PTPMWFUIJTQSPCMFNSFHVMBSMZ
DMFBOUIF%VTU#PY'JMUFSCZTPBLJOHJUJOBNJYUVSFPGXBUFS
BOEEFUFSHFOUSBUJP5IFODMFBOUIFMUFSXJUIBTPGU
CSVTI

*GUIF%VTU#PY'JMUFSJTUPPPMEPSJGJUJTEBNBHFE

"GUFSVOQMVHHJOHUIFQPXFSDPSEDMFBOUIF%VTU#PY
UIFWBDVVNTVDUJPOJOMFUBOEXBJUGPSBQQSPYJNBUFMZ
IPVSTCFGPSFVTJOHJUBHBJOUIFXBJUJOHUJNFNBZWBSZ
EFQFOEJOHPOUIFSPPNUFNQFSBUVSF
Ӝ
3FQMBDFUIF%VTU#PY'JMUFSCZQVSDIBTJOHBOFXPOFBU
XXXSBZDPQDPN
Ӝ

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

1SFTTUIFQPXFSCVUUPOBHBJOUPOJTIWBDVVNJOH
5IFMJHIUJOEJDBUPSXJMMUVSOHSFFOXIJDIJOEJDBUFTJUJTCBDLUPTUBOECZNPEF
1SFTTUIFQPXFSCVUUPOUPPQFSBUFUIFVOJU
5IFIFBUTBOJUJ[BUJPOJOEJDBUPSXJMMCFHJOBTIJOHGPSBQQSPYJNBUFMZTFDPOET
XIJDIJOEJDBUFTUIBUUIFIFBUFSJTHFUUJOHSFBEZUPPQFSBUF0ODFUIF
BTIJOHZFMMPXMJHIUUVSOFETPMJEUIFIFBUFSJTJOGVMMPQFSBUJOHNPEF
1MVHUIFQPXFSQMVHJOUPUIFPVUMFU
DIJNFTBOEBMJUHSFFOMJHIUJOEJDBUFTUIBUUIFWBDVVNJTJOTUBOECZNPEF
4VDUJPO1VMTBUJOH#SVTI67-BNQXJMMBMMTUBSUBVUPNBUJDBMMZXIFO3":$01JTJOPQFSBUJPO
#BTJD0QFSBUJPO
1PXFS#VUUPO
$IBOHJOHUIF0QFSBUJOH.PEF
(SFFO
-JHIU
1MFBTFSFNPWFQPXFSDPSEGSPNPVUMFUUPDPNQMFUFMZTIVUPQPXFS
)FBU4BOJUJ[BUJPO
*OEJDBUPS
4
"
/
*
5
*
;
"
5
*
0
/
)
&
"
5
1PXFS
4UBOECZ.PEF
0QFSBUJPO
'MBTIJOH
:FMMPX-JHIU
4PMJE
:FMMPX-JHIU
)FBU4BOJUJ[BUJPOJOFFDU
"QQSPYJNBUFMZ
TFDPOET
1SFQBSBUJPOGPS)FBUJOH
˟)FBU4BOJUJ[BUJPOXJMMCFGVMMZPQFSBUJPOBMBQQSPYJNBUFMZTFDPOETBGUFSUIFWBDVVNJTQPXFSFEPO

)PXUP6TF

Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT

8IFO $IFDLJOH1PJOU
*ODFSUBJODBTFTUIF67TVSGBDFEFUFDUJPOTFOTPS
DPVMECFDPOGVTFEJGWBDVVNJTVTFEPOEBSLFS
TVSGBDFT
5IF67-BNQUVSOFE
PGGEVSJOHVTF
0UIFST
Ӫ
5IF67-BNQNJHIUUVSOJUTFMGPJGUIFWBDVVNJT
OPUEJSFDUMZJODPOUBDUXJUIUIFGBCSJD5IJTDPVME
IBQQFOXIFOBUUFNQUJOHUPVTFUIFQSPEVDUPO
VOFWFOTVSGBDFT
Ӫ
5IF67-BNQNBZOPUUVSOPOJGIPVTFEVTUPSPUIFS
GPSFJHOTVCTUBODFTDPWFSUIFTVSGBDFEFUFDUJPO
TFOTPS*OTQFDUBOESFNPWFUIFTFTVCTUBODFT1
Ӫ
*GUIFSFJTBOFX67-BNQCFJOHSFQMBDFENBLFTVSF
JUJTTFDVSFMZJOTUBMMFECZGPMMPXJOHUIFSFQMBDFNFOU
JOTUSVDUJPO1
Ӫ
*UJTOPSNBMGPSUIFBJSWFOUUPWFOUXBSNBJS
5IJTWFOUJMBUJPOBMTPTFSWFTBTBDPPMJOHNFDIBOJTN
GPSUIFWBDVVNNPUPS
Ӫ
5IFBSFBBSPVOEUIF67-BNQNBZCFDPNFEJTDPMPSFE
BGUFSVTJOHUIFQSPEVDUGPSBMPOHUJNFBOEUIJTJTEVF
UPUIF67MJHIUGSPNUIF67-BNQ5IJTEJTDPMPSBUJPOJT
OPUBOBCOPSNBMJUZ
Ӫ
5IFQSPEVDUNBZUFNQPSBSJMZTUPQJGFYDFTTJWFGPSDFJT
BQQMJFEUPUIF1VMTBUJOH#SVTITVDIBTJGJUJTGPSDJCMZ
QVTIFEEPXOBHBJOTUUIFTVSGBDF5IJTJTBTBGFUZ
NFDIBOJTNBOEQSPEVDUXJMMSFTVNFPQFSBUJPOJO
BQQSPYJNBUFMZTFDPOET
Ӫ
5IFSFNBZCFBSVCCFSTNFMMGPSBQQSPYJNBUFMZNPOUIT
BGUFSQVSDIBTF
Ӫ
5IFSFNBZBMTPCFBTNFMMJGBOFYDFTTJWFBNPVOUPG
IPVTFEVTUJTDMPHHFEJOUIF.JDSP)&1"'JMUFS
*OUIJTDBTFSFQMBDFUIF.JDSP)&1"'JMUFSCFGPSFUIF
SFDPNNFOEFESFQMBDFNFOUQFSJPE1
Ӫ
3FGFSFODFT

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ


Ӫ1VTIBOEQVMMUIFEFWJDFTMPXMZ
BMPOHUIFGBCSJDMJLFZPVXPVME
XIFOJSPOJOHDMPUIFT,FFQUIF
3":$01BUPOUIFGBCSJDTVSGBDF
GPSUIPSPVHIFYQPTVSFPG67MJHIU
IFBUTBOJUJ[BUJPOBOETVDUJPO
QPXFS
)PXUP$MFBO
'PSCFTUSFTVMUVTFUIF3":$01BUMFBTUPODFBXFFL

:PVNBZBMTPVTFZPVS3":$01EBJMZUPGVSUIFSTBOJUJ[FZPVSGBCSJD
%VTUNJUFTBSFNPTUIFBWJMZDPODFOUSBUFEJOBSFBT
XIFSFUIFSFJTNPSFDPOUBDUXJUITLJO
6TFUIF3":$01CBDLBOEGPSUINVMUJQMF
UJNFTUPUIPSPVHIMZTBOJUJ[FUIFGBCSJD
%VTUNJUFTBSFGPVOEUPCFNPSFIFBWJMZ
DPODFOUSBUFEOFBSPVSGFFUBOEIFBE
8FSFDPNNFOE3":$01JTVTFENPSF
UIPSPVHIMZJOUIFTFBSFBT


%SZUIF%VTU#PY'JMUFSBOE%VTU#PYJOBXFMM
WFOUJMBUFETIBEFEMPDBUJPOVOUJMDPNQMFUFMZESZ
*OTFSUUIF%VTU#PY'JMUFSCBDLJOUPUIF%VTU#PY
VOUJMZPVIFBSBDMJDLTPVOE
"UUBDIUIF%VTU#PYCBDLUPUIF3":$01BT
TIPXOJOUIFEJBHSBN
˟1MFBTFQSFTTJUVOUJMZPVIFBSBˎDMJDLˏUIBU
JOEJDBUFTJUXBTBUUBDIFEQSPQFSMZ
%VTU#PY'JMUFSDPVMEHFUDMPHHFEBOEJNQBDUTTVDUJPO
TUSFOHUI
*GUIFMUFSJTOPUESJFEDPNQMFUFMZCFGPSFVTFNPJTUVSF
BOEIVNJEJUZNBZCFTVDLFEJOUPUIFNPUPSSFTVMUJOHJO
NBMGVODUJPO
$BVUJPO
v%POPUBUUBDIUIF%VTU#PYUPUIF3":$01
XJUIPVUSTUJOTFSUJOHUIF%VTU#PY'JMUFS
v8JUIPVUUIFMUFSIPVTFEVTUBOEPUIFSGPSFJHO
TVCTUBODFTDBOFOUFSUIFNPUPSXIJDINBZ
DBVTFEBNBHFPSSF
v5IF%VTU#PY'JMUFSJTBDPOTVNBCMFQSPEVDU3FQMBDFNFOUGSFRVFODZJTSFDPNNFOEFE
BUFWFSZUPNPOUITJGZPVVTFUIF3":$01NJOVUFTBEBZFWFSZEBZ
3FQMBDFJNNFEJBUFMZJGUIFMUFSJTCSPLFOPSDMPHHFE
v3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUXXXSBZDPQDPN

.BJOUFOBODF
%&5&3(&/5
$BVUJPO
$BVUJPO
1SPUFJOTVDIBTTLJOBLFTJOIPVTFEVTUDBVTFTDMPHHJOH1FSJPEJDBMMZ
TPBLUIFMUFSJOOFVUSBMEFUFSHFOUEJMVUFEXJUIXBUFSXBUFSEFUFSHFOU
SBUJPGPSBCPVUNJOVUFTBOEUIFOUIPSPVHIMZXBTIUIFMUFSCZ
VTJOHBCSVTI*GUIJTEPFTOPUSFTUPSFTVDUJPOTUSFOHUISFQMBDFUIFMUFS
XJUIBOFXMUFS"DDFTTPSJFTDBOCFQVSDIBTFEPOMJOFBUXXXSBZDPQDPN

4BGFUZ*OTUSVDUJPOT
"MM3":$01QSPEVDUTBSFEFTJHOFEXJUIUIFIJHIFTUTBGFUZTUBOEBSET
*.1035"/54"'&5:*/4536$5*0/43FBEBMMJOTUSVDUJPOTCFGPSFVTJOH
8"3/*/(
Ӫ%POPUMFBWFBQQMJBODFXIFOQMVHHFEJO
6OQMVHGSPNPVUMFUXIFOOPUJOVTFBOECFGPSFTFSWJDJOH
Ӫ%POPUVTFPVUEPPSTPSPOXFUTVSGBDFT
Ӫ%POPUBMMPXUPCFVTFEBTBUPZ
$MPTFBUUFOUJPOJTOFDFTTBSZXIFOVTFECZPSOFBSDIJMESFO
Ӫ6TFPOMZBTEFTDSJCFEJOUIJTNBOVBM
6TFPOMZNBOVGBDUVSFSˏ TSFDPNNFOEFEBUUBDINFOUT
Ӫ%POPUVTFXJUIEBNBHFEDPSEPSQMVH
*GBQQMJBODFJTOPUXPSLJOHBTJUTIPVMEIBTCFFOESPQQFEEBNBHFEMFGUPVUEPPST
PSESPQQFEJOUPXBUFSSFUVSOJUUPBTFSWJDFDFOUFS
Ӫ%POPUQVMMPSDBSSZCZDPSEVTFDPSEBTBIBOEMFDMPTFBEPPSPODPSEPSQVMMDPSE
BSPVOETIBSQFEHFTPSDPSOFST%POPUSVOBQQMJBODFPWFSDPSE,FFQDPSEBXBZGSPN
IFBUFETVSGBDFT
Ӫ%POPUVOQMVHCZQVMMJOHPODPSE5PVOQMVHHSBTQUIFQMVHOPUUIFDPSE
Ӫ%POPUIBOEMFQMVHPSBQQMJBODFXJUIXFUIBOET
Ӫ%POPUQVUBOZPCKFDUJOUPPQFOJOHT
%POPUVTFXJUIBOZPQFOJOHCMPDLFELFFQGSFFPGEVTUMJOUIBJSBOEBOZUIJOHUIBUNBZ
SFEVDFBJSPX
Ӫ,FFQIBJSMPPTFDMPUIJOHOHFSTBOEBMMQBSUTPGCPEZBXBZGSPNPQFOJOHTBOE
NPWJOHQBSUT
Ӫ5VSOPBMMDPOUSPMTCFGPSFVOQMVHHJOH
Ӫ%POPUVTFUPQJDLVQBNNBCMFPSDPNCVTUJCMFMJRVJETTVDIBTHBTPMJOFPSVTFJOBSFBT
XIFSFUIFZNBZCFQSFTFOU
Ӫ"MXBZTUVSOPUIJTBQQMJBODFCFGPSFDPOOFDUJOHPSEJTDPOOFDUJOHNPUPSJ[FEOP[[MF
Ӫ)PMEQMVHXIFOSFXJOEJOHPOUPDPSESFFM
Ӫ%POPUBMMPXQMVHUPXIJQXIFOSFXJOEJOH
Ӫ%POPUQJDLVQBOZUIJOHUIBUJTCVSOJOHPSTNPLJOHTVDIBTDJHBSFUUFTNBUDIFT
PSIPUBTIFT
Ӫ%POPUVTFXJUIPVUEVTUCPYBOEPSMUFSTJOQMBDF
5PSFEVDFUIFSJTLPGSFFMFDUSJDTIPDLPSJOKVSZ

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ

$0..*5.&/55026"-*5:
XXXSBZDPQDPN
5FDIOJDBM4QFDJDBUJPOT
.PEFM
RTP-100US
4FSJBM/VNCFS
8BSSBOUZ1FSJPE
ZFBSGSPNUIFEBUFPGQVSDIBTF
QBSUTBOEBEEJUJPOBMQSPEVDUTBSFOPUJODMVEFE
4J[FNN
8FJHIU
1PXFS$POTVNQUJPO
67$-BNQ
7JCSBUJPO1BET
4VDUJPO.PEF
"JS'JMUSBUJPO
67-JHIU4BGFUZ.FDIBOJTN
.PUPS4BGFUZ
99JOYYNN
"QQSPYJNBUFMZMCTLH
8
8ON
31.
.PEF
4UBOEBSE'JMUFS)&1"'JMUFS
5XP#VJMUJO4FOTPSTGPS4VSGBDF%FUFDUJPO
)FBU%FUFDUJPOXJUI"VUPNBUJD$VUP4XJUDI
˖ 6MUSB-JHIUBOE7FSTBUJMF
˖ 4FQBSBUF"JS'JMUSBUJPO
 4ZTUFN
˖ 8BUU67$-BNQ
˖ .JOVUF7JCSBUJPO
 $BQBCJMJUZ
1SPEVDFE'PS
3":$01/PSUI"NFSJDB*OD
"MDPTUB#PVMFWBSE4VJUF
4BO3BNPO$"

&1"$PNQBOZ/P
&1"&TU/P,03
TVQQPSU!SBZDPQDPN
3":$01



%SZUIF%VTU#PY'JMUFSBOE%VTU#PYJOBXFMM
WFOUJMBUFETIBEFEMPDBUJPOVOUJMDPNQMFUFMZESZ
*OTFSUUIF%VTU#PY'JMUFSCBDLJOUPUIF%VTU#PY
VOUJMZPVIFBSBDMJDLTPVOE
"UUBDIUIF%VTU#PYCBDLUPUIF3":$01BT
TIPXOJOUIFEJBHSBN
˟1MFBTFQSFTTJUVOUJMZPVIFBSBˎDMJDLˏUIBU
JOEJDBUFTJUXBTBUUBDIFEQSPQFSMZ
%VTU#PY'JMUFSDPVMEHFUDMPHHFEBOEJNQBDUTTVDUJPO
TUSFOHUI
*GUIFMUFSJTOPUESJFEDPNQMFUFMZCFGPSFVTFNPJTUVSF
BOEIVNJEJUZNBZCFTVDLFEJOUPUIFNPUPSSFTVMUJOHJO
NBMGVODUJPO
$BVUJPO
v%POPUBUUBDIUIF%VTU#PYUPUIF3":$01
XJUIPVUSTUJOTFSUJOHUIF%VTU#PY'JMUFS
v8JUIPVUUIFMUFSIPVTFEVTUBOEPUIFSGPSFJHO
TVCTUBODFTDBOFOUFSUIFNPUPSXIJDINBZ
DBVTFEBNBHFPSSF
v5IF%VTU#PY'JMUFSJTBDPOTVNBCMFQSPEVDU3FQMBDFNFOUGSFRVFODZJTSFDPNNFOEFE
BUFWFSZUPNPOUITJGZPVVTFUIF3":$01NJOVUFTBEBZFWFSZEBZ
3FQMBDFJNNFEJBUFMZJGUIFMUFSJTCSPLFOPSDMPHHFE
v3":$01DPOTVNBCMFTDBOCFQVSDIBTFEBUXXXSBZDPQDPN

.BJOUFOBODF
%&5&3(&/5
$BVUJPO
$BVUJPO
1SPUFJOTVDIBTTLJOBLFTJOIPVTFEVTUDBVTFTDMPHHJOH1FSJPEJDBMMZ
TPBLUIFMUFSJOOFVUSBMEFUFSHFOUEJMVUFEXJUIXBUFSXBUFSEFUFSHFOU
SBUJPGPSBCPVUNJOVUFTBOEUIFOUIPSPVHIMZXBTIUIFMUFSCZ
VTJOHBCSVTI*GUIJTEPFTOPUSFTUPSFTVDUJPOTUSFOHUISFQMBDFUIFMUFS
XJUIBOFXMUFS"DDFTTPSJFTDBOCFQVSDIBTFEPOMJOFBUXXXSBZDPQDPN

3FGFSFODFT
Ӫ
%JSFDUFYQPTVSFUPVMUSBWJPMFUSBEJBUJPODBODBVTFTFSJPVTTLJOCVSOTBOEFZFT
Ӫ
%POPUUPVDIUIF67MBNQEVSJOHPSJNNFEJBUFMZBGUFSVTF
Ӫ
%POPUEJSFDUMZFNJUUIFVMUSBWJPMFUMJHIUGSPNUIF67MBNQUPXBSETUIFFZFTPSTLJOPG
IVNBOTBOEBOJNBMT
Ӫ
67$CVMCTDPOUBJONFSDVSZXIJDIJTDPOTJEFSFEIB[BSEPVTXBTUFBOEJTTVCKFDUUP
'FEFSBMBOEPSTUBUFIB[BSEPVTXBTUFSFHVMBUJPOT
*OSBSFJOTUBODFTTJNJMBSUPTUBOEBSEPSFTDFOUMJHIUCVMCTNFSDVSZMFBLBHFDPVMEPDDVS
JGUIFCVMCCSFBLTBOEDPVMEDBVTFCJSUIPSSFQSPEVDUJWFJTTVFT
Ӫ
1MFBTFLFFQUIF67MBNQQSPUFDUJWFUVCFDMFBO
*OBEFRVBUFBOEJOGSFRVFOUNBJOUFOBODFNBZMPXFSUIFUSBOTNJTTJPOPGVMUSBWJPMFUMJHIU
67-BNQ$BVUJPO
Ӫ
%POPUVTFPSTUPSFIFBUJOHBQQMJBODFTTVDIBTTUPWFT
PSIFBUFSTOPSBNNBCMFTVCTUBODFTTVDIBTDPNCVTUJCMFTQSBZTOFBSUIJTQSPEVDU
Ӫ
%POPUTUJDLLOJWFTUIVNCUBDLTCVSOJOHBTIUPOFSQPXEFSPSPUIFSJOBQQSPQSJBUF
NBUFSJBMT
Ӫ
*GZPVOPUJDFBOZBCOPSNBMOPJTFPEPSTPSTNPLFFNBOBUJOHGSPNUIJTQSPEVDU
JNNFEJBUFMZSFNPWFUIFQPXFSQMVH
Ӫ
1MFBTFWJTJUSBZDPQDPNNBJOUBJOGPSTQFDJDJOTUSVDUJPOTPOQSPQFSDMFBOJOHBOE
NBJOUFOBODFQSBDUJDFT
0UIFS1SFDBVUJPOT
Ӫ
%POPUVTFGPSPVUEPPSQVSQPTFTPSPONFUBMMFBUIFSXPPEMJRVJETPS
PUIFSOPOGBCSJDTVSGBDFT
5IJTQSPEVDUJTJOUFOEFEGPSQSJNBSJMZGPSIPVTFIPMEVTFPONBUUSFTTFT
CFEDPWFSTCFEEJOHQJMMPXTDVTIJPOTTPGBTBOEPUIFSGBCSJDQSPEVDUT
4"7&5)&4&*/4536$5*0/4
5PSFEVDFUIFSJTLPGFMFDUSJDTIPDLUIJTBQQMJBODFIBTBQPMBSJ[FEQMVHPOFCMBEFJTXJEFSUIBO
UIFPUIFS5IJTQMVHXJMMUJOBQPMBSJ[FEPVUMFUPOMZPOFXBZ*GUIFQMVHEPFTOPUUGVMMZJOUIF
PVUMFUSFWFSTFUIFQMVH*GJUTUJMMEPFTOPUUDPOUBDUBRVBMJFEFMFDUSJDJBOUPJOTUBMMUIFQSPQFS
PVUMFU%POPUDIBOHFUIFQMVHJOBOZXBZ

$0..*5.&/55026"-*5:
XXXSBZDPQDPN
5FDIOJDBM4QFDJDBUJPOT
.PEFM
RTP-100US
4FSJBM/VNCFS
8BSSBOUZ1FSJPE
ZFBSGSPNUIFEBUFPGQVSDIBTF
QBSUTBOEBEEJUJPOBMQSPEVDUTBSFOPUJODMVEFE
4J[FNN
8FJHIU
1PXFS$POTVNQUJPO
67$-BNQ
7JCSBUJPO1BET
4VDUJPO.PEF
"JS'JMUSBUJPO
67-JHIU4BGFUZ.FDIBOJTN
.PUPS4BGFUZ
99JOYYNN
"QQSPYJNBUFMZMCTLH
8
8ON
31.
.PEF
4UBOEBSE'JMUFS)&1"'JMUFS
5XP#VJMUJO4FOTPSTGPS4VSGBDF%FUFDUJPO
)FBU%FUFDUJPOXJUI"VUPNBUJD$VUP4XJUDI
˖ 6MUSB-JHIUBOE7FSTBUJMF
˖ 4FQBSBUF"JS'JMUSBUJPO
 4ZTUFN
˖ 8BUU67$-BNQ
˖ .JOVUF7JCSBUJPO
 $BQBCJMJUZ
1SPEVDFE'PS
3":$01/PSUI"NFSJDB*OD
"MDPTUB#PVMFWBSE4VJUF
4BO3BNPO$"

&1"$PNQBOZ/P
&1"&TU/P,03
TVQQPSU!SBZDPQDPN
3":$01