!
"!
!"#$%&'(&)'*!%*!+&
",!-)$%&./&-*!%*!&"*0&12,1'+%&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&3!
",!-)$%&3/&)'4%,"5%&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&3!
",!-)$%&6/&2*-'*&+7'1&)'*0-!-'*+&"*0&)7%)8'((&/////////////////////////////////////////////////////////////////////////////////////////////////////////////&6!
",!-)$%&9/&)'*(',:-!;&!'&$"<&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&9!
",!-)$%&=/&:"*"5%:%*!&,-57!+&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&=!
",!-)$%&>/&*'&+!,-8%?&*'&$')8 ' 2!&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&=!
",!-)$%&@/&1-)8%!&$-*%&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&=!
",!-)$%&A/&5,-%4"*)%&"*0&",#-!,"!-'*&1,')%02,%&///////////////////////////////////////////////////////////////////////////////////////////////////////////&=!
",!-)$%&B/&'4%,!-:%&"*0&'!7%,&1,%:-2:&1";&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////&A!
",!-)$%&.C/&7'2,+&'(&<',8&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&B!
",!-)$%&../&<',8&+)7%02$%+&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&.C!
",!-)$%&.3/&7'$-0";&<',8&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&.=!
",!-)$%&.6/&4")"!-'*+&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&.@!
",!-)$%&.9/&*-57!&+7-(!&1,'4 -+ -' *+&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&.B!
",!-)$%&.=/&+%*-',-!;&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&3C!
",!-)$%&.>/&$%"4%+&'(&"#+%*)%&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&3>!
",!-)$%&.@/&'!7%,&5%*%,"$&<',8-*5&)'*0-!-'*+&/////////////////////////////////////////////////////////////////////////////////////////////////////////////&3A!
",!-)$%&.A/&2*-'*&)''1%,"!-'*&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&6C!
",!-)$%&.B/&+%1","!-'*&1";&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&6C!
",!-)$%&3C/&!%)7*'$'5-)"$&)7"*5%&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// ////&6C!
",!-)$%&3./&+!',%&)$'+-*5&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&6.!
",!-)$%&33/&7%"$!7&"*0&<%$$*%++&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&63!
",!-)$%&36/&1%*+-'*&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&6@!
",!-)$%&39/&%D1-,"!-'*&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&6B!
"11%*0-D&"E&<"5%+&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&9C!
"11%*0-D&"F.E&)-*)-**"!-&",%"&<"5%&,"!%+&//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&96!
"11%*0-D&"F.E&)-*)-**"!-&",%"&<"5%&,"!%+&G8;H-*&:-*/&<"5 % &"0I2+!: % * ! +J &///////////////////////////////////////////////////////////////&=9!
"11%*0-D&"F3E&0";!'*&",%"&<"5%&,"!%+&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&=A!
"11%*0-D&#E&&I'#&0%+),-1!-'*+&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&>A!
"11%*0-D&)E&+%*-',-!;&",%"+&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&@6!
"11%*0-D&0E&1%,:"*%*!&1"*%$&///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&@=!
"11%*0-D&%E&7%"$!7&)",%&1$"*&0%+-5*&+2::", -%+&///////////////////////////////////////////////////////////////////////////////////////////////////////////&@>!
"11%*0-D&(E&,%!-,%%&7%"$!7&)",%&&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&A3!
)-*)-**"!-&+2*0";&'1!-'*+&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&A>!
$%!!%,&'(&2*0%, +!" *0-* 5E&$"#' , H :"*" 5 % :%*!&)': :-!!%%&////////////////////////////////////////////////////////////////////////////////////////&A@!
$%!!%,&'(&2*0%, +!" *0-* 5E&8,' 5 % , &6 > 6 &$-K2',&+7'1?&)2+!':%,&,%K2%+!+&//////////////////////////////////////////////////////////////////&AA!
$%!!%,&'(&2*0%, +!" *0-* 5E&7%"$ ! 7 &) " ,%&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&AB!
$%!!%,&'(&2*0%, +!" *0-* 5E&",!-) $ % &3 3 /3&/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&BC!
$%!!%,&'(&2*0%, +!" *0-* 5E&2*-' * &+ 7 '1&)' * 0 -! -'*+&L&) 7 % ) 8 '((&///////////////////////////////////////////////////////////////////////////////////&B.!
$%!!%,&'(&2*0%, +!" *0-* 5E&5: &1 -$'!&1,' 5,":&////////////////////////////////////////////////////////////////////////////////////////////////////////////////&B3!
$%!!%,&'(&2*0%, +!" *0-* 5E&+!%1 &!<'&5 , -% 4 " *)%&1,')%++&///////////////////////////////////////////////////////////////////////////////////////////////&B6!
$%!!%,&'(&2*0%,+!"*0-*5E&)' (( % %&+ 7 ' 1 &1 ,% :-2:&///////////////////////////////////////////////////////////////////////////////////////////////////////////&B9!
$%!!%,&'(&2*0%, +!" *0-* 5E&(%"+ -#-$ -! ; &+ !20;&////////////////////////////////////////////////////////////////////////////////////////////////////////////////////&B=!
$%!!%,&'(&2*0%, +!" *0-* 5E&",!-) $ % &. = /3 ?&.=/.>G)J?&"*0&",!-)$%&.=/.>G5J&/////////////////////////////////////////////////////////////////////////&B>!
$%!!%,&'(&2*0%,+!"*0-*5E&0%1%*0%*!&)'4%,"5%&K2"$-(-%,&G",!-)$%&33/6J&///////////////////////////////////////////////////////////////////&B@!
!
!
#!
$%&'!()*++,+-$!./0!1223!2342526!7348!1249223!$.2!:58;25!<8=>!<73?733/47@A/B483!,/5C2473;!(52/!D:,(E>!6873;!1F073200!/0!
:58;25>!740!0F??200850!/36!/007;30>!.25273/G42 5!6207;3/ 42 6 !/ 0 !4.2!H+I J K8B25H!/3 6 !4 . 2 !L 3 7 42 6 !M 8 86!/36 !< 8 II25 ?7 / K!N85C250 !
L3783!O8?/K!-8=!PQ>!?./542526 !1 B !4 . 2 !L 3 74 2 6 !M 8 8 6!/36!< 8 II25? 7/ K!N85C2 50 !&3 4 2 53 / 4 78 3 / K!L3783!( M OR<&S>!<O<>!.25273/G425!
6207;3/426!/0!4.2!HL3783=T!
",!-)$%&./&-*!%*!&"*0&12,1'+%&
"="! $.2!+IJK8B25!/36!4.2!L3783!2/?.!52J520234!4./4!4.2!JF5J802!/36!4.2!734234!8G!4.70!(;522I234!70!48!J58I842!
?88J25/4783!/36!./5I83B>!48!52?8;37U2!IF4F/K!73425204>!48!J58V762!/!?./332K!4.58F;.!9.7?.!73G85I/4783!/36!J581K2I0!
I/B!12!45/30I74426!G58I!832!48!4.2!84.25>!48!G85IFK/42!5FK20!48!;8V253!4.2!52K/47830.7J!1249223!4.2!L3783!/36!4.2!
+IJK8B25>!48!J58I842!2GG7?723?B!/36!025V7?2!/36!48!024!G854.!.25273!4.2!1/07?!/;522I2340!?8V2573;!5/420!8G!J/B>!.8F50!8G!
985C!/36!?836747830!8G!2IJK8BI234=!
",!-)$%&3/&)'4%,"5%&
#="! $.2!L3783!0./KK!12!4.2!08K2!/36!2W?KF07V2!1/5;/7373;!/;234!G85!/KK!(008?7/420!73!2/?.!8G!4.2!+IJK8B25X0!048520>!/36!4.2!
,2/4!A2J/54I234!83KB!8G!4.2!Y/420V7KK2>!&367/3/!04852>!K8?/426!73!4.2!?8F34720!8G!(F;K/7U2>!Y5893>!YF4K25>!<K/5C>!
<K25I834>!<K73483>!A/5C2>!)52232>!%/I7K483>!%7;.K/36>!,7/I7>!,834;8I25B>!Z521K2>!'.2K1B>!/36!N/5523!73!4.2!'4/42!8G!
S.78[!Y8832>!</IJ12KK>!:23483>!,/083!73!4.2!04/ 42 !8 G! :23 4F?CB[!A2/51853!/36!*7JK2B!73!4.2!04/42!8G!&3 67/3/>!2W? KF 6 73 ; !
'4852HL374!,/3/;250>!<8R,/3/;250>!<.2G0>!A5F;@)2325/K!,25?./36702!,/3/;250>!(008?7/42!*2K/47830!,/3/;250>!!
Z58G200783/K!Z./5I/?B!A2J/54I234!(008?7/420>!/36!'2?F574B!(008?7/420=!
!
#=#! \23685!'48?C73;!R!$.2!J520234!J5/?47?2!8G!8F40762!V236850!048?C73;!0.2KV20!0./KK!384!12!2WJ/3626!6F573;!4.2!425I!8G!4.70!
(;522I234>!2W?2J4!4./4>!7G!/!15/36!8G!I25?./36702!389!1273;!048?C26!1B!8F40762!V236850!70!670?83473F26!/36!/384.25!
15/36!0F10474F426!85!/!329!15/36!70!/6626>!52J520234/47V20!8G!V236850!I/B!048?C!/KK!15/360!8G!4.2!0/I2!4BJ2!8G!
I25?./36702=!!M85!2W/IJK2>!7G!/!329!15/36!8G!J84/48!?.7J0!70!/6626!85!0F10474F426>!52J520234/47V20!8G!V2368 50!I /B!048 ?C!
4.2!329!15/ 36 =!
!
! $.2!F362504/3673;!73!4.2!J/5/;5/J.!7II267/42KB!/18V2!0./KK!384!/JJKB!73!329!85!52I862K26!048520!6F573;!4.2!G7504!498!
D#E!922C0!J5785!48 !8J 23 73; =!
!
! &4!70!F362 5 04886!4./ 4!4 . 2!5 8 4/ 478 3 !8G!I25?. / 3 6 70 2>!4 /C 73 ; !73 V2 3 485B!85!856 2573 ;!0./ KK!384!1 2!?8 3076 2526 !048? C73; =!!&4!0./KK!
384!12!/!V78K/4783!8G!4.70!J58V70783!G85!/!V23685!48!J25G85I!4.2!985C!32?200/5B!48!/??8IJK70.!/!52/KK8?/4783!8G!J586F?4!73!
.70!?8II8674B!02?4783=!!$.70!985C!70!48!12!6832!F3625!4.2!0FJ25V70783!8G!4.2!A2J/54I234!%2/6=!D$.70!J58V 7078 3 !68 2 0!3 8 4!
/K425!""="">!'?.26FK73; !* 2 0 2 40 =E!
!
$.2!G8KK8973;!;F762K7320!0./KK!/JJKB]!
"=! (3!H/KK8?/4783H!97KK!52G25!48!4.2!3FI125!8G!G/?73;0!85!JK/?2I2340!8G!/!J/547?FK/5!742I=!
#=! (!H52/KK8?/4783H!52G250!48!4.2!?./3;73;>!J807478373; >!/ 3 6 @ 8 5 !4. 2 !6 7 0? 8 3 4 73 F / 3 ? 2 !8 G !/ 3 !742 I>!/36 @8 5 !4. 2 !/ 6 674783!8 G!
/!329!742I=!
^=! \236850!I/B!J25G85I!985C!32?200/5B!48!52/KK8?/42!/3!742I!974.73!/!?8II8674B!02?4783!73!/!;7V23!/70K2=!'.8FK6!
/3!234752!?8II8674B!02?4783!D7=2=>!?8GG22E!3226!48!12!52I8V26!48!/??8IJK70.!/!52/KK8?/4783>!1/5;/7373;!F374!
(008?7/42D0E!97KK!/00704!73!4.2!52/KK8?/4783>!9.252 !74!98 FK6 !38 4!?/F 02!4. 2!/6 67478 3!8 G!.8 F50!48 !4.2!0? .2 6F K2=!!
_=! N.23!/3!742I!97KK!12!52K8?/426!73!/!329!/70K2>!V236850!97KK!12!J25I74426!48!JFKK!4.2!1K8?C!/36!02 4!4.2!1 K8?C =!!
Q=! \236850!97KK!384!048?C!/3B!J586F?4!G58I!4.2!1/?C!588I!84.25!4./3!/!329!742I=!
`=! \236850!IF04!07;3!4.2!6/7KB!K8;!H73H!/36!H8F4H!/36!04/42!4.2!52/0830!G85!1273;!73!4.2!04852!D7=2=>!52024>!73V23485B>!
24?=E=!!&G!4.2!'429/56!aF2047830!/!V23685X0!/?47830>!.2!I/B!V257GB!4.2!V23685D0E!J52023?2!/36!52/0830!G85!1273;!73!
4.2!04852=!
P=! A2J/54I234!%2/60!97KK!124425!0FJ25V702!V23685!985C=!
!
! $.2!G8KK8973;!742I0!83KB!0./KK!12!048?C26!?8IJK242KB!85!J/547/KKB!1B!52J520234/47V20!8G!V236850!85!5/?C!b811250]!!
I/;/U7320>!188C0>!8F40762!1/C25B!;8860>!383R/K?8.8K7?!12V25/;20!/36!03/?C0[!7=2=>!J84/48!?.7J0>!J524U2K0>!24?=[!/36!
?88C720>!?5/?C250>!;522473;!?/560>!/36!J/54B!742I0=!!&4!70!F362504886!4./4!I25?./36702!62K7V2526!83!:58;25!45F?C0!97KK!
!
^!
?83473F2!48!12!048?C26!1B!I2I1250!8G!4.2!1/5;/7373;!F374=!!Y844K26!9/425!8562526!4.58F;.!Z2B483X0!0./KK!/K08!?83473F2!
48!12!048?C26!1 B!1/ 5;/73 73;!F 374!(008?7/420=!
!
! &3!048520 !974.!/!670 473 ? 4!A 5F;@), !A2J/54I234>!4.2!+IJ K8 B 2 5!I/B!F47 K7U2 !/ 3B!V236 8 5 !04 8 52 !/00704/3?2!83!A5F;@),!
I25?./36702!J586F?40>!9.7?.!/52!/V/7K/1K2!48!4.2!45/62!974.8F4!/6674783/K!?804=!
&
#=^! ,/3/;2I234!N85C!R!&3!048520!. / V73 ; !1 8 4 . !,/3/;2 5!/ 3 6 !< 8R,/3/;25D0E!4.2!+IJK8B25!/;5220!4./4!4.2B!97KK!384!J25G85I!
985C!385I/KKB!6832!1B!I2I1250!8G!4.2!1/5;/7373;!F374>!73?KF673;!8GG7?2!GF3?47830!385I/KKB!J25G85I26!1B!4.2!M5834R+36!
,/3/;25!/36!(00704/34!M5834R+36!,/3/;25D0E=!$.70!6820!384!J52?KF62!4.2!,/3/;25!/36!<8R,/3/;25D0E!G58I!6873;!4.2!
/18V2!6F2!48!(008?7/420!1273;!/10234!9.252!38!832!70!/V/7K/1K2!48!68!4.2!985C!85!?75?FI04/3?20!12B836!4.2!?83458K!8G!
4.2!+IJK8B 25=!!&4!70!GF54.25!F3 62 50488 6 !4./4!9 85C !73?762 34/ K!48!./3 6K73; !?F048 I 2 50!52aF 2040 >!73V23 485B73 ;!J58 6F ?4D0E>!
/36!I25?./36702!I/5C68930!/52!384!/!V78K/4783!8G!4.70!'2?4783=!!&4!70!F362504886!4./4!4.70!K/3;F/;2!6820!384!/JJ KB!48!
4.2!A5F;@),!62J/54I 23 4=!
!
! M85!4.2!,2/4!A2J/54I234!4.2!G8KK8973;!0./KK!/JJKB]!
! &4!70!F362 5 04886!4./ 4!985C!J2 5G8 5 I26!6F 2!4 8 !4. 2 !/ 1 02 3 ? 2!8 G !/!I2I1 2 5!8 G!4 . 2!1 / 5; / 73 73 ; !F 3 74!9.7K2!/442 IJ473;!4 8 !1 573 ; !
73!/667478 3 /K!.2KJ!D6F573;!/!152/C6893>!62I83045/4783>!6F573;!45/7373;>!2WJ257I234/4783>!52/KK8?/4783!8G!J586F?4!DF073;!
048?C!83!4.2!0.2KV20E!97KK!384!12!?830762526!/!V78K/4783!8G!4.70!J/5/;5/J.E=!
!
#=_! &3!4.2!2V 2 3 4!8 G!/ !J 58 V 2 3 !V78 K/ 4783!8G!'2? 478 3 0 !# =# !/ 3 6 @8 5 !# =^ >!4.2!+IJK8B25!97KK!J/B!48!4.2!(008?7/42!G7K73;!4.2!;572V/3?2!
4.2!/I8F 34!8G!47I 2!0J 23 4!73!0F? .!J58 V2 3!V78K/ 4783!/ 4!4.2!J 52I 7FI !5/ 42!8G!47I 2!/3 6!8 32R./KG!D"!cE>!1F4!38!K20 0 !4. / 3 !8 32!
D"E!.8F5X0!J/B!/4!4.2!(008?7/42X0!52;FK/5!5/ 42 !8 G !J / B =! !&4! 70!F362504886!4./4!4.70!K/3;F/;2!6820!384!/JJKB!48!4.2!A5F;@),!
62J/54I234=!
",!-)$%&6/&2*-'*&+7'1&)'*0-!-'*+&"*0&)7%)8'((&
^="!!! L3783!'.8J!R!&4!0. /KK!12!/!?83 6 7478 3 !8 G !2IJK8BI234!4. /4 !/KK!(008?7/420!8G!4.2!+IJK8B25!?8V2526!1B!4.70!(;522I234!9.8 !
/52!I2I1250!8G!4.2!L3783!73!;886!04/3673;!83!4.2!2W2?F4783!6/42!8G!4.70!(;522I234!0./KK!52I/73!I2I1250!73!;886!
04/3673;>!/36!4.802!9.8!/52!384!I 2I 1250!83!4.2!2W2?F 4783!6/42!8G!4.70!(;522I23 4!0./KK>!83!4.2!07W4BRG7504!D`"
04
E!6/B!
G8KK8973;!4.2 !2W2 ?F478 3!6 /42 !8G !4. 70!(;52 2I 2 34!1 2?8 I 2!/3 6 !52I /73!I 2 I 12 50!73!;8 86 !04/36 73; !73!4.2!L 378 3=!!&4!0./KK!/K08!
12!/!?83674783!8G!2IJK8BI234!4./4!/KK!(008?7/420!?8V2526!1B!4.70!(;522I234!/36!.7526!83!85!/G425!740!2W2?F4783!6/42!
0./KK>!83!4.2!07W4BRG7504!D`"
04
E!6/B!G8KK8973;!4.2!12;73 3 73 ; !8 G!0F ? .!2 IJK8BI 2 3 4!1 2 ?8 I2!/36!5 2I/73!I 2I1250!73!; 8 8 6 !
04/3673;!73!4.2!L3783=!!$.2!+IJK8B25!I/ B!02?F52!329 !(008?7/420!G58I!/3B!08F5?2!9./4082V25=!!!!!
!
! AF573;!4.2!G7504!07W4B!D`dE!?/K236/5!6/B0!8G!2IJK8BI234>!/!329!(008?7/42!0./KK!12!83!/!457/K!1/070!/36!I/B!12!670?./5;26!
/4!4.2!670?524783!8G!4. 2!+I J K8B2 5=!YB!I F 4F/ K!/;522 I 23 4!1249 2 23 !4.2!+ I JK8 B25!/3 6!4. 2!L 3783 >!0F?. !457/K!J2578 6!I /B !12!
2W423626!G85!/3!/6674783/K!4.754B!D^dE!6/B!J581/4783 /5B !J2 5786 >!/36!0F?.!670?./5;2!0./KK!384!12!0F1b2?4!48!4.2!)572V/3?2!
/36!(51745/4783!Z58?26F52=!M85!4.2!JF5J802!8G!4.70!J/5/;5/J.>!4.2!2W2?F4783!6/42!8G!4.70!(;522I234!0./KK!12!?830762526!
740!2GG2?47V2 !6 / 42 =!!
!
^=#! <.2?CRSGG!R!$.2!+IJK8B25!/;5220!48!626F?4!922CKB!L3783!6F20!/36@85!025V7?2!G220!/36!F37G85I!/00200I2340!G58I!4.2!
9/;20!8G!(008?7/420!73!4.2!1/5;/7373;!F374!9.8!7367V76F/KKB!?2547GB!73!957473;>!/F4.857U/4783!G85!0F?.!626F?4783!73!/!G85I!
/F4.857U26!1B!K/9=!!$.2!+IJK8B25!/;5220>!73!4.2!?/02!8G!329!L3783!I2I1250>!48!626F?4!4.2!L3783!73747/4783!G22!/36!73!
4.2!?/02!8G!/!383 R I2I125>!/3!73747/K!025V7?2!G22!G58I!4.2!9/;20!8G!/3B!329!85!383RI2I125!L3783!(008?7/42!9.8!
?2547G720!73!957473;!/F4.857U/4783!G85!0F?.!626F?4783!73!/!G85I!/F4.857U26!1B!K/9=!
!
! &3!4.2!2V 2 3 4!3 8 !9/;20!/5 2!4.2 3!6 F2!4. 2!(008?7/42>!85!/52!730 F G G7? 72 3 4 !48 !? 8 V 2 5!4 . 2 !52 aF7526!6 2 6F?4783 >!4 . 2 !6 2 6 F ? 47 8 3 !G8 5 !
0F?.!922C!0./KK!32V254.2K200!12!I/62!G58I !4.2!G7504!9/;20!8G!/62aF/42!/I 8F3 4!32W4!6F2!4.2!(008?7/42!/36!4.252FJ83!
45/30I74426!48!4. 2!L 3783 =!
!
! LJ83!9574423!52aF204!1B!/3!/F4.857U26!52J520234/47V2!8G!4.2!L3783>!4.2!+IJK8B25!/;5220!48!670I700!/3B!(008?7/42!974.73!
G7V2!DQE!6/B0!G58I !52?2 7J4!8G!0F ?. !52a F2 04!G85!G/7KF 52!48!?8 I J KB!9 74.!( 547?K2!^>!'2 ?4783 !^=">!K7I 7426 !83 KB!1B!4. 2!O/1 8 5!
,/3/;2I234!*2K/47830!(?4!8G!"e _P=!
!
!
_!
^=^! (?47V2!Y/KK84!<KF1!R!$.2!+IJK8B25!/;5220!48!45/30I74!4.2!O8?/K!L3783!?834571F4783!626F?47830!48!4.2!LM<N!(?47V2!Y/KK84!
<KF1!G58I!(008?7/420!9.8!/52!L3783!I2I1250>!/36!9.8!07;3!626F ?4783!/F4.8 57U/4783!?/560=!!$.2!626F?47830 !0./KK!12!73!
4.2!/I8F 34!0J 2?7G726 !83 !4.2!J 8K747?/K!?83 4571F 4783!6 26 F? 4783!/F 4. 857U/478 3!?/ 56!/3 6!0. /KK!12!6 26 F? 426 !384!I 8 52!4./ 3!
83?2!2/?.!922C=!
!
^=_! -29!(008?7/420!R!$.2!+IJK8B25!/;5220!48!;7V2!4.2!L3783!/!K704!8G!329!(008?7/420!922CKB!0.8973;!(008?7/42X0!3/I2>!
5207623?2!/6 652 00>!08?7/ K!02?F 574B!3F I 12 5>!04852!3 FI 1 25>!6/ 42!8 G!2I J K8BI234>!/36!1754.!6 /42 =!
!
^=Q! L3783!\7074/4783!R!(3B!/??5267426!L3783!8GG7?7/K!8G!LM<N!O8?/K!PQ!0./KK!12!;5/3426!/??200!48!4.2!04852!/4!/3B!47I2!4./4!
4.2!04852!70!8J23!G8 5!1F 07320 0!G85!4.2 !JF 5J8 02!8G!0/ 470GB73;!4. 2I 02 KV20!4. /4!4.2 !425I 0!8G!4. 70!(;52 2I 23 4!/52 !1273 ;!
?8IJK726!974.=!!&4!70!F362504886>!.892V25>!4./4!4.2!L3783!52J520234/47V2!97KK>!FJ83!2342573;!4.2!04852>!I/C2!4.275!
J52023?2!C3893!48!4.2!'4852!,/3/;25!85!4.275!52J520234/47V2=!!&4!70!GF54.25!F362504886!4./4!4.252!97KK!12!38!
F352/083/1K2!73425G2523?2!974.!2GG7?7234!04852!8J25/4783=!
!
^=`! S4.25!(;522I2340!R!$.2!+IJK8B25>!4.58F;.!/3B!J/54!8G!4.2!,/3/;2I234>!/;5220!384!48 !2 3 4 2 5!73 4 8 !/ 3B!/;522I234!85!
?8345/?4!974.!4.275!(008?7/420>!7367V76F/KKB!85!?8KK2?47V2KB>!9.7?.!73!/3B!9/B!?83GK7?40!974.!4.2!425I0!/36!J58V707830!8G!
4.70!(;522I2 34=!
!
^=P! YFKK2473!Y8/56!R!$.2!+IJK8B25!/;5220!48!J58V762!/!1FKK2473!18/56!73!2/?.!04852!/36!97KK!J25I74!4.2!L3783!48!J804!/36!
I/734/73!/3B!3847?20!J254/7373;!48!L3783!1F073200>!J58V7626!4./4!0F?.!3847?20!/52!/JJ58V26!1B!4.2!%FI/3!*208F5?2!
,/3/;25!12G852!J80473;=!
!
^=f! L3783!'429/56!R!$.2!L3783!0./KK!./V2!4.2!57;.4!48!6207;3/42!/!)58?25B!'429/56>!,2/4!'429/56>!/36!/!A5F;@),!'429/56&
73!2/?.!0 48 52 =!
!
! &3!4.2!48 J !G7G4 B!J 2 5? 2 3 4!DQ d gE!8G!4.2!0 48 5 2 0!D1 / 0 26 !8 3 !0 / K20 !V 8 KF I 2 E>!4 . 2!L3783!0./KK!./V2!4 . 2 !57; . 4!48!6207;3 / 42 !/!)58?25B!
'429/56!/36!(K4253/42!)58?25B!'429/56>!/!,2/4!'429/56>!/36!/3!(K4253/42!,2/4!'429/56=&
!
! $.2!+IJK8B25!0./KK!0236!/!K24425!48!4.2!L3783!2/?.!M215F/5B!48!FJ6/42!4.2!048520!1B!0/K20!V8KFI2=!!$.2!L3783!0./KK!
3847GB!4.2!'429/560!/36!(K4253/42!'429/560!8G!/3B!?./3;2=!
!
! (!K704!0.8973;!4.2!3/I20!/36!04852!/66520020!8G!/KK!'429/560!/36!(K4253/42!'429/560!70!48!12!0F1I744 26 !4 8 !4. 2!+ IJK8B25=!
!
^=e! L3783!<8F302K85!R!$.2!L3783!0./KK!./V2!4.2!57;.4!48!6207;3/42!/!L3783!<8F302K85!73!2/?.!04852=!
!
^="d!! L3783!</56!R!$.2!+IJK8B25!/;5220!48!670JK/B!4.2!L3783!'4852!</56!/36@85!62?/K!73!/!J58I73234!JK/?2!/4!4.2!670?524783!8G!
4.2!2IJK8B 25!73!740!04852=!$. 2!L 378 3!< /56!/ 36 @85!6 2?/ K!70!/36!0. /KK!52I /73 !4.2!J 58J 254B!8 G!4.2!L 378 3=!
",!-)$%&9/&)'*(',:-!;&!'&$"<&
_="!!! $.2!J/54720!.25248!/;522!4./4!0.8FK6!/3B!(547?K2>!J/54!85!J/5/;5/J.!8G!4.70!(;522I234!12!62?K/526!1B!/!M2625/K!85!'4/42!
<8F54!8G!G73/K!bF57067?4783!85!M2625/K!85!'4/42!(;23?B!./V73;!bF57067?4783!4.2528G!48!12!F3K/9GFK>!73V/K76>!732GG2?47V2!85!
F323G85?2/1K2>!0/76!(547?K2>!J/54!85!J/5/;5/J.!0./KK!384!/GG2?4!4.2!V/K7674B!/36!23G85?2/17K74B!8G!/3B!84.25!(547?K2>!J/54!85!
J/5/;5/J.!4.2528G!/36!4.2!52I/73625!8G!4.70!(;522I234!0./KK!?83473F2!73!GFKK!G85?2!/36!2GG2?4=!!
!
&G!/3B!J/ 54!8 G !4. 70 !( ;5 22 I234!70!?8 3 0 45 F 2 6 !48 !1 2 !73 !0F ? . !V 78 K/4 78 3 >!4. 2 3 !4. / 4!J/54!0./KK!12!3FKK!/3 6 !V 8 76 !/ 3 6 !4. 2 !J / 54 720 !
/;522!4./4!4.2B!97KK!974.73!4.754B!D^dE!6/B0!12;73!32;847/47830!48!52JK/?2!0/76!V876!J/54!974.!/!V/K76!J58V70783=!
!
_=#! $.2!+IJK8B25!/36!4.2!L3783!/;522!48!?83473F2!48!FJ.8K6!4.2!J573?7JK20!8G!383R670?57I73/4783!1/026!83!5/?2>!?8K85>!02W>!
52K7;783>!3/4783/K!8 57;73>!/;2 >!670/1 7K74B>!L 3 78 3!/ ? 47V 74B>!/ 3 6 !V2 42 5/ 3 !04 /4 F 0=!!N.252V2 5!73 !4. 7 0!(;522I 234>!98 560!0F?.!/0!
h.2>T!h0.2>T!h.7I >T!h.25>T!24?=!/52!F026>!4.2!734234!8G!4.2!J/54720!70!4./4!4.2!/JJK7?/4783!8G!4.2!?8345/?4!0./KK!12!/JJK726!
2aF/KKB!/36!83!/!383670?57I73/485B!1/070!52;/56K200!8G!;23625=!
!
!
Q!
",!-)$%&=/&:"*"5%:%*!&,-57! +& &
Q="! $.2!,/3/;2I234!8G!4.2!1F073200!/36!4.2!6752?4783!8G!4.2!985C73;!G85?20>!73?KF673;!4.2!57;.4!48!JK/3>!6752?4!/36!?83458K!
04852!8J25/47830>!.752>!0F0J236!85!670?./5;2!G85!J58J25!?/F02>!45/30G25!85!52K72V2!(008?7/420!G58I!6F4B!12?/F02!8G!K/?C!8G!
985C!85!G85!84.25!K2;747I/42!52/0830>!4.2!57;.4!48!04F6B!85!734586F?2!329!85!7IJ58V26!J586F?4783!I24.860!85!G/?7K74720!
0F1b2?4!48!4.2!J58V707830!8G!(547?K2!#d!8G!4.70!(;522I234>!/36!4.2!57;.4!48!204/1K70.!/36!I/734/73!52/083/1K2!5FK20!/36!
52;FK/47830!?8V 2573 ;!4.2 !8J2 5/478 3!8 G!4.2!048 52>!/!V78K/ 4783 !8G!9 .7?. !0./ KK!12!/I83;!4.2!?/F 020 !G85!670?. /5; 2>!/52!V2 0426 !
73!4.2!+IJK8B25[!J 58 V 76 26 !. 8 9 2 V 25>!4 . /4 !4. 70!5 7;. 4!0 . / KK!12 !2 W2 5? 702 6 !9 74 .!6 F 2 !52 ; /56 !G8 5 !4. 2!5 7;. 4 0!8G!4.2!(008?7/420>!/36!
J58V7626!GF54.25>!4./4!74!97KK!384!12!F026!G85!4.2!JF5J802!8G!670?57I73/4783!/;/7304!/3B!(008?7/42!85!G85!4.2!JF5J802!8G!
73V/K76/473 ; !/ 3 B!? 8 34 5/ ?4 !J5 8V 70 783 = !
",!-)$%&>/&*'&+!,-8%?&*'&$')8'2!&
`="! AF573;!4.2!425I!.2528G>!4.2!L3783!/;5220!4./4!4.252!0./KK!12!38!0457C2!85!/3B!84.25!73425G2523?2!974.!85!734255FJ4783!8G!
4.2!385I/ K!?836 74783 0!8G!4.2 !+I JK8 B25X0!1 F073 200!1 B!4.2 !L378 3!8 5!740!I2I1250=!!$.2!+I JK8 B25!/ ;522 0!4./4!4. 252 !0./KK!12 !
38!K8?C8F4=!
!
! M8KK8973;!/!985C!048JJ/;2>!74!0./KK!12!4.2!(008?7/42X0!520J8307 1 7K7 4B !48!/6V702 ! 4. 2 75 !'4852!,/3/;25!8G!4.275!/V/7K/17K74B!G85!
524F53!48!985C !974.73!/!52/083/1K2!J25786!8G!47I2=!!$.2!+IJK8B2 5!9 7KK!4. 23 !6 752 ?4!(008?7/420!48!04/54!985C!83!/3!85625KB!
1/070>!/0!322626!G85!4.2!4BJ2!8G!985C!1273;!?830762526=!
!
! S3!4.2!G7504!GFKK!6/B!G8KK8973;!4.2!236!8G!4.2!048JJ/;2>!(008?7/420!97KK!12!JK/?26!73!322626!?/42;85720!83!/!HG7504!?8I2>!
G7504!025V26!1/070H!?8 3 0762 573; ! 4. 2!4BJ 2!8 G!98 5C!48!1 2!J2 5G85I 2 6=!!S 3!4.2 !02?8 3 6!/3 6!0F 102 aF 23 4!6/ B0>!(008?7/420!9.8!
./V2!I/62!4.2I02KV20!/V/7K/1K2!97KK!12!JK/?26!73!/??856/3?2!974.!4.2!02378574B!/36!/V/7K/1K2!.8F50!J58V707830!8G!4.70!
(;522I234!G85!4.2!4BJ2!8G!985C!1273;!?830762526=!
!
! &4!70!4.2!734234!8G!4.70!'2?478 3!4. /4!42I J 85/ 5B!(008?7/420!97KK!12!52JK/?26!73!/3!85625KB!/36!2WJ267478F0!I/3325=!
",!-)$%&@/&1-)8% !&$-*%&
P="! -8!(008?7/42!0./KK!12!52aF7526!48!?5800!/!K2;/K!K/185!J7?C24!K732>!9.7?.!./0!1223!8GG7?7/KKB!52?8;37U26!1B!4.2!L3783=!!
Y2G852!4.2!L3783!;7V20!8GG7?7/K!52?8;374783!48!/3B!J7?C24!K732>!74!97KK!670?F00!0F?.!/?4783!974.!4.2!+IJK8B25!J5785!48!4.2!
204/1K70.I234=!!&3!4.2!2V234!0F?.!670?F00783!6820!384!4/C2!JK/?2!J5785!48!4.2!204/1K70.I234!8G!0F?.!J7?C24!K732>!/4!K2/04!
4.754BR07W!D^`E!.8F50!3847?2!97KK!12!;7V23!6F573;!9.7?.!47I2!(008?7/420!97KK!985C!/0!6752?426=!
",!-)$%&A/&5,-%4"*)%&"*0&",#-!,"!-'*&1,')%02,%&
f="! )572V/3?2!Z58?26F52!R!'.8FK6!/3B!H;572V/3?2H!/5702!8V25!4.2!73425J524/4783!85!/JJK7?/4783!8G!4.2!?8342340!8G!4.70!
(;522I234>!4.252!0./KK!12!/3!2/53204!2GG854!83!4.2!J/54!8G!184.!J/54720!48!0244K2!0/I2!J58IJ4KB!4.58F;.!4.2!G8KK8973;!
042J0=!!$.2!425I!H;572V/3?2H!?8IJ52.236 0!/3B!?8I JK/734>!67GG7?FK4B>!670/;522I234!85!670JF42!1249223 !4.2!+IJ K8B25!/36!
4.2!L3783!85!/3B!(008?7/42!?8V2526!1B!4.70!(;522I234>!/36!9.7?.!?8IJK/734>!67GG7?FK4B>!670/;522I234!85!670JF42!J254/730!
48!4.2!73425J524/478 3!85!/ JJ K7?/4783 !8G!/3 B!/3 6!/KK!J58 V70783 0!8G!4.70!(; 522 I 23 4=!
!
! 'F?.!;572V/3?2!0./KK!12!526F?26!73!957473;!974.!?8J720!48!4.2!L3783!/36!+ I JK8 B25!9 74.73!42 3!D"d E!6/B 0!8G!4.2 !8?? F552 3?2 =!
!
'$+Z!"=!!YB!?83G2523?2!1249223!4.2!/;;572V26!(008?7/42>!4.2!b81!'429/56!85!184.!/36@85!/!52J520234/47V2!8G!4.2!L3783!
/36!4.2!,/3/;25!8G!4.2!04852=!!&G!4.2!;572V/3?2!70!384!0244K26>!74!0./KK!12!52G25526!974.73!423!D" dE!6/ B0!48!' 42J !#>!
F3K200!0F?.!47I2!J25786!70!IF4F/KKB!2W423626!1B!4.2!L3783>!/36!4.2!!A70457?4!,/3/;25=!!
!
'$+Z!#=!YB!?83G2523?2!1249223!4.2!52J520234/47V2!8G!4.2!L3 783 !/36 !4.2 !A70457?4!,/3/;25!/3 6@85!<8IJ/3B!
*2J520234/47V2=!!&G!4.70!'42J!68 20 !38 4!02 44K2 !4. 2 !;572 V/ 3 ?2 >!74!0. /KK!1 2 !52G2 552 6 !9 74. 73 !423 !D" d E!6/ B 0!48 !'42 J !^>!
F3K200!0F?.!47I2!J25786!70!IF4F/KKB!2W423626!1B!4.2!L3783!/36!4.2!A70457?4!,/3/;25!/36@85!<8IJ/3B!
*2J520234/47V2=!
!
!
`!
'$+Z!^=!YB!?83G2523?2!1249223!4.2!1F073200!52J520234/47V2!/36@85!4.2!2W2?F47V2!8GG7?25!8G!4.2!L3783>!4.2!%FI/3!
*208F5?2!,/3/;25!/36@85!/!52J520234/47V2!62K2;/426!1B!4.2!+IJK8B25=!
!
! &3!4.2!2V 2 3 4!4. 2 !; 572 V/ 3 ? 2!70!384!0244K26!73!4.70!'42J>!/!9574423!520J8302!97KK!12!2W?./3;26!1B!4.2!J/54720!974.73!
49234B!D#dE!6/ B0!G58I!4.2!'42J!^!?83 G252 3? 2!F3 K200!84. 259 702 !I F4F /KKB!/;52 26 !48=!
!
'$+Z!_=!&3!4.2!2V 2 3 4!4. / 4!4 . 2 !K/0 4!' 42 J !G/ 7K0 !48 !02 4 4K2 !0/ 470 G/ ?4 8 57KB !4. 2 !;5 72V / 3 ?2 >!/ 36!274.25!J/54B!970.20!48!0F1I74!74!48!
/51745/4783>!4.2!J/54B!6207573;!/51745/4783!IF04!08!/6V702!4.2!84.25!J/54B!73!957473;!974.73!G854BRG7V2!D_Q E!6/B 0!
G58I!4.2!'42J !^!9 574423 !520J 83 02 >!85!4.2!; 572V/ 3?2 !9 7KK!12!?83 076 252 6!02 44K26 !73!'42J !^=!
!
f=#! $7I2K73200!8G!)572V/3?20!R!-8!;572V/3?2!97KK!12!?830762526!85!670?F0026!F3K200!4.2!8F4K7326!J58?26F52!./0!1223!
G8KK8926>!/36 !4.2 !;572V /3 ?2!J 5202 342 6!9 74. 73!423 !D"dE!6 /B0 >!2W?2 J4!;572V/3?20!/57073;!G58I!/3!25585!73!4.2!5/42!8G!J/B!
I/B!12!J52023426!974.73!498!D#E!B2/50=!
!
! )572V/3?20!I/B!/5702!8G!/!;2325/K!3/4F52!/GG2?473;!85!423673;!48!/GG2?4!/3!(008?7/42!85!(008?7/420=!!'F?.!;572V/3?20!I/B!
12!73747/426!/4!/3B!8G!4.2!/18V2!042J0!622I26!/JJ58J57/42!1B!4.2!J/54720=!
!
f=^! (51745/4783!R!$.2!Y8/56!8G!(51745/4783!0./KK!?830704!8G!832!J2508 3!/J J8 7342 6!1B !4.2!L 378 3!/3 6 !832 !J250 83 !/JJ 8 73426 !1B!
4.2!+IJK8B 25=!
!
! '/76!498!D#E!J250830!0./KK>!974.73!423!D"dE!6/B0!/G425!670/;522I234>!F3K200!IF4F/KKB!2W423626>!02K2?4!/!4.756!D^
56
E!
/51745/485!G58I!4.2!/;5226!J/32K!8G!423!D"dE!J25I/3234!/51745/4850!/0!J58V7626!G85!73!(JJ2367W!HAH>!2/?.!8G!9.8I!./0!
/;5226!48!/?4!73!4.70!?/J/?74B=!!$.2!62?70783!8G!4.2!4.756!D^
56
E!/51745/485!0./KK!12!173673;!83!184.!J/54720=!!$.2!2WJ23020!8G!
4.2!4.756!D^
56
E!/51745/485!0./KK!12!J/76!G85!b8734KB=!
!
! $.2!Y8/56!8G!(51745/4783!70!384!V20426!974.!4.2!J8925!48!?./3;2>!I867GB!85!/K425!4.70!(;522I234>!1F4!83KB!48!73425J524!
4.2!J58V707830!8G!4. 2!(; 522 I 23 4=!
!
! &4!70!/;5226!4./4!4. 2!J / 3 2 K!8 G!J 2 5I/323 4!/ 51 74 5/ 48 5 0!97KK!52I/73!/4!423!D"dE!6F573;!4.2!425I!8G!4.70!(;522I234>!/36!7G!G85!
/3B!52/083!/3!/51745/485!98FK6!974.65/9!G58I!4.2!J/32K>!4.2!L3783!/36!4.2!+IJK8B25!/;522!48!I224!974.73!4.754B!D^dE!
6/B0!48!02K2?4!/!52JK/?2I234=!
!
! )572V/3?20!0./KK!12!0F1I74426!48!4.2!J25I/3234!/51745/4850!73!584/4783[!J58V7626!.892V25>!4./4!4.2!J/54720!I/B!02K2?4!
/3!/51745/485!73!62G2523?2!48!584/4783!7G!4.2!/51745/485!84.259702!?/KK26!FJ83!48!.2/5!4.2!;572V/3?2!70!F3/V/7K/1K2=!!$.2!
J/54B!52aF20473;!/51745/4783!0./KK!3847GB!4.2!/51745/485!73!957473;!8G!4.275!/JJ8734I234!974.!/!?8JB!48!4.2!84.25!J/54B=!
!
f=_! +WJ267426!(51745/4783!R!$.2!J/54720!/;522!4./4!73!K72F!8G!G8KK8973;!J58?26F520!8F4K7326!/18V2!73!'2?4783!f=^!8G!4.70!(547?K2>!
1B!IF4F/K!/;522I234>!/!0J2?7/K!2WJ267426!/51745/4783!J58?200!I/B!12!F47K7U26=!
!
! &3!0F?. !?/ 02 D0 E>!4. 2 !J / 54 720 !/; 5 22 !4. / 4!38!/4485 3 2B !97KK!025V2!/0 !4. 2 !52 J 5 20 234/47V2!8G !274 . 2 5!J / 54B >!1 572 G0 !9 7KK!1 2 !9/7V26>!
/36!38!04238;5/J.7?!85!I2?./37?/K!45/30?57J4!8G!4.2!J58?22673;0!97KK!12!I/62=!
!
! &4!70!GF54.2 5!/ ; 52 2 6 !4. / 4!/ 3 !/ 51 745 / 48 5!IF4F/KKB!02K2?426!48!.2/ 5!0F?.!/!?/02!IF04!/;522!73!/6V/3?2 !48!523625!/!0.854!
G85I>!9574423!6 2?70 783 !974. 73!G854BR27;.4!D_fE!.8F50!8G!4.2!6/42!8G!.2/573;=!!(K4.8F;.!74!70!384!/347?7J/426!4./4!0F?.!?/020!
97KK!73V8KV2!0F104/347/K!aF2047830!8G!?8345/?4!73425J524/4783>!4.2!62?70783!8G!4. 2 !/ 51 74 5/ 485!97KK!./ V 2 !4.2!0/I 2 !G85?2!/3 6 !
2GG2?4!/0!/3!/9/56!52362526!JF50F/34!48!4.2!I852!G85I/K!(51745/4783!Z58?26F52!624/7K26!73!'2?4783!f=^=!!$.2!/51745/485!
0./KK>!73!38!2V234>!./V2!4.2!J8925!48!67052;/56!85!I867GB!/3B!J58V707830!8G!4.2!(; 522I234=!!
!
! $.2!J/54720!/;522>!73!0F?.!2WJ267426!?/020>!48!J520234!/!047JFK/426!700F2!48!4.2!/51745/485!73!/6V/3?2!8G!4.2!.2/573;=!!
+74.25!J/54B!I/B!974.65/9!740!?830234!48!0F1I74!/3!700F2!48!4.2!2WJ267426!J58?200!FJ!48!1F4!384!/G425!4.2!47I2!/4!9.7?.!
4.2!.2/573;!70!?83 V23 26 =!
!
f=Q! 'F0J230783!85!A70?./5;2!R!$.2!+IJK8B25!I/B>!/4!/3B!47I2>!0F0J236!85!670?./5;2!/3B!(008?7/42!G85!J58J25!?/F02=!!$.2 !
+IJK8B25!0./KK!0236!/!?8JB!8G!4.2!?83045F?47V2!/6V7?2!52?8560!024473;!G854.!4.2!0F0J230783!85!670?./5;2!48!4.2!L3783=!!
!
P!
$.2!L3783!I/B!?834204!4.2!0F0J230783!85!670?./5;2!1B!G7K73;!/!9574423!?8IJK/734!974.!4.2!+IJK8B25!/4!4.2!'42J!#!K2V2K!8G!
4.2!)572V/3?2 !Z58? 26 F52 !974. 73!423 !D"dE!?/ K236 /5!6 /B0!G8 KK89 73;!4.2 !52?2 7J4!8G!4. 2!38 47?2!8G!0F 0J 23 0783 !85!670?. /5;2=!!
'F?.!?8IJK/734!0./KK!12!670?F0026!1249223!4.2!L3783!*2J520234/47V2!/36!4.2!A70457?4!,/3/;25!974.73!423!D"dE!?/K236/5!
6/B0=!!
!
M/7KF52!8G!4.2!A70457?4!,/3/;25!48!700F2!/!'42J!#!J8074783 !52;/56 73; !4.2!0F 0J2 3078 3!8 5!670?. /5;2 !974. 73!4.2 !423!D"d E!
?/K236/5!6/B!J25786!0./KK!/F48I/47?/KKB!52G25!4.2!L3783X0!9574423!?8IJK/734!48!4.2!'42J!^!K2V2K=!!&G!4.2!L3783!/36!4.2!
+IJK8B25!4.23!G/7K!48!/;522!83!4.2!9574423!?8IJK/734!974.73!423!D"dE!/6674783/K!?/K236/5!6/B0>!74!0./KK!12!52G25526!974.73!
G854BRG7V2!D_QE!?/ K23 6/ 5!6/B 0!48!4.2 !Y8 /56 !8G!( 51745/478 3>!7G!4.2!L 3 783 !620 7520!48 !/51745/ 42!4.2 !0F0 J2 30 783 !85!670? ./ 5;2 =!!
'.8FK6!4.2!Y8/56!62425I732!4./4!74!9/0!/3!F3G/75!0F0J230783!85!670?./5;2>!4.2!+IJK8B25!97KK!527304/42!4.2!(008?7/42!73!
/??856/3?2!974.!4.2!G73673;0!8G!4.2!4.756!D^
56
E!/51745/485=!
!
! (3B!I8324/5B!0244K2I234!48!/!;572V/3?2!0./KK!12!J/76!974.73!4.522!D^E!922C0!G58I!4.2!6/42!8G!4.2!0244K2I234=!
!
f=`! <83045F?47V2!(6V7?2!*2?8560!R!(KK!?83045F?47V2!/6V7?2!52?8560!0./KK!12!700F26!/36!07;326!1B!383R1/5;/7373;!F374!
(008?7/420!83KB=!!A70?7JK73/5B!/?4783!?/F073;!K804!47I2!0./KK!12!/4!4.2!6752?4783!8G!383R1/5;/7373;!F374!(008?7/420!85!4.2!
J25083!6207;3/426!73!?./5;2!8G!4.2!04852=!
!
! AF573;!/3B!73V2047;/4783>!9 . 7? . !I/B!K2/6!48!670?7JK73/5B!/?4783>!4.2!(008?7/42>!FJ83!52 a F204>!0./ KK!./V2!4. 2 !L 3 78 3!
'429/56!85!L3783!*2J520234/47V2!J520234=!
!
! <83045F?47V2!/6V7?2!52?8560!F026!1B!4.2!+IJK8B25!0./KK!384!/GG2?4!4.2!(008?7/42X0!57;.4!48! G7K2 ! / !; 57 2 V/ 3?2>!/36!FJ83 !
07;373;!0F?.!?83045F?47V2!/6V7?2!52?856!0./KK!52?27V2!/!?8JB!4.2528G=!!(3B!J581/4783/5B!J25786!520FK473;!4.252G58I!0./KK!
12!K7I7426!48!/!J25786!384!48!2W?226!4.754B!D^dE!6/B0=!!(6674783/K!J257860!8G!4.754B!D^dE!6/B0!I/B!12!7IJ8026!7G!32?200/5B!
7IJ58V 2I234!70!K/ ?C 73; >!/ 3 6!4 . 2! (008?7/42!/36!4.2!L3783!97KK!12!/6V7026=!
!
! <83045F?47V2!/6V7?2!52?8560!97KK!12!700F26!/36!670?F0026!974.!4.2!(008?7/42!38!K/425!4./3!423!D"dE!6/B0!G58I!4. 2!6/ 42!8G!
4.2!73?76234=!!&G!4.70!70!384!683 2!1B !,/3/;2I234!73!4.2!0J2?7G726 !4 7I 2 !J 2 578 6 >!74!9 7KK!1 2 !?8 3 0 762 52 6 !3 F KK!/3 6 !V 876 = !
!
! (3B!0F?.!?83045F?47V2!/6V7?2!52?856!384!52?27V26!1B!4.2!L3783!85!/3!/JJ873426!L3783!'429/56!974.73!423!D"dE!6/B0!0./KK!
12!3FKK!/36!V876=!
!
! $.70!97KK!384!J52?KF62!670?7JK732!G85!/3!8GG2302>!9.7?.!98FK6!9/55/34!/!670?./5;2=!D'2578F0!8GG2302!0./KK!384!12!
?830762526!/0!/!?75?FI04/3?2>!9.7?.!385I/KKB!520FK40!73!J58;52007V2!670?7JK732=E!!!!!!!!!!
!
! (3B!0F?.!?83045F?47V2!/6V7?2!52?856!384!52?27V26!1B!4.2!L3783!85!/3!/JJ873426!L3783!'429/56!974.73!423!D"dE!6/B0!0./KK!
12!3FKK!/36!V876=!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
! (3B!0F?.!?83045F?47V2!/6V7?2!52?856!9.7?.!6820!384!73V8KV2!/!670?7JK73/5B!0F0J230783!/G425!9.7?.!492KV2!D"#E!
?8302?F47V2!I834.0!./V2!2K/J026!974.8F4!/!52?F5523?2!8G!4.2!0/I2!3/4F52!0./KK!12!3FKK!/36!V876=!
!
! (3B!?83045F?47V2!/6V7?2!52?856!9.7?.!6820!73V8KV2!/!670?7JK73/5B!0F0J230783!/G425!9.7?.!49234BRG8F5!D#_E!I8 34. 0!./V2!
2K/J026!974.8F4!/!52?F5523?2!8G!4.2!0/I2!3/4F52!0./KK!12!3FKK!/36!V876=!
!
f=P! (F4.8574B!8G!+W2?F47V2!Y8/56!R!(4!/3B!'42J!73!4.2!)572V/3?2!Z58?26F52>!4.2!+W2?F47V2!Y8/56!8G!4.2!O8?/K!L3783!97KK!./V2!
4.2!G73/K!/F4.8574B!73!520J 2? 4!48!/3 B!/;; 572V2 6!(008?7/42!?8V2526!1B!4.70!(;522I234!48!62?K732!48!J58?200!/!;572V/3?2>!
?8IJK/734>!67GG7?FK4B!85!670JF42!GF54.25>!7G!73!4.2!bF6;I234!8G!4.2!+W2?F47V2!Y8/56>!0F?.!/!;572V/3?2!K/?C0!I2574!85!K/?C0!
bF047G7?/478 3 !F 36 2 5!4 .2 !42 5I0!8G!4.70 !( ;5 22 I234>!85!. /0 !1 2 23!/6bF0426!85!bF047G726!F3625!4.2!425I0!8G!4.70!(;522I234!48!
4.2!0/470G/?4783!8G!4.2 !L3 783 !+W2 ?F47V2 !Y8 /56 =!
!
f=f! &4!70!4.2!734 2 3 4!8 G!4 . 2!J / 5 472 0!48!4.70!(;5 2 2I234!4. / 4!/ KK!(008?7/420!974.73!4.2!1/5;/7373;!F374!?8V2526!1B!4.70!(;522I234!
2W25?702!/KK!4.275!57;.40>!J57V7K2; 20 !8 5!3 2 ?2 00 / 5B!J 58 ? 26 F 52 0 !F3 6 2 5!4. 70 !( ; 522 I234>!&342 53 / 478 3 /K!8 5!O 8 ? /K!< 8 3 04 74F 478 3 >!73 !
4.2!0244K2I23 4!8G!/3 B!/3 6!/KK!?8IJK/7340!85!;572V/3 ?20!G7K26 !1B!0F? .!(008?7/42!12G852!4/C73;!/3B!/?4783!8F40762!4.2!0?8J2!
8G!4.70!(;522I234!G85!4.2!0244K2I234!8G!0F?.!;572V/3?2=!
!
f!
",!-)$%&B/&'4%,!-:%&"*0&'!7%,&1,%: -2:&1";&
e="! SV2547I2!/36!'7W4.!D`
4.
E!A/B!N85C26!R!(KK!985C!73!2W?200!8G!G854B!D_dE!.8F50!J25!922C!0./KK!12!J/76!G85!/4!47I2!/36!832R
./KG!D"!cE=!!M85!'4/4F0!"!/36!'4/4F0!^!(008?7/420>!47I2 !/36 !83 2R./KG!D"!cE!0./KK!/K08!12!J/76!G85!985C!8V25!27;.4!DfE!.8F50!73!
/!6/B!/36!83!4.2!07W4.!D`
4.
E!6/B!73!4.2!985C!922C=!!M85!J/B!JF5J8020>!4.2!07W4.!D`
4.
E!6/B!0./KK!12!4.2!(008?7/42X0!385I/ KKB !
0?.26FK26!6/B!8GG>!F3K200!4. 2 !(008?7/42!70!0?.26F K2 6 !48 !9 8 5 C!0 7W!D` E!6 / B0 !73 !8 3 2!985C!92 2C >!73 !9 . 7?. !? /0 2 >!74!0. / KK!1 2 !4. 2!
07W4.!D`
4.
E!6/B!73!9.7?.!985C!70!J25G85I26!1B!4.2!(008?7/42=!&G!(008?7/420!V8KF34225!48!985C!/!07W4.!D`
4.
E!6/B>!4.2!47I2!/36!
832R./KG!D"!cE!J52I7FI!0./KK!384!/JJKB=!$.70!0./KK!384!12!F026!48!?75?FIV234!4.2!385I/K!0?.26FK73;!8G!.8F50=!
! M85!?F55234!/36!GF4F52!'4/4F0!_!(008?7/420>!/KK!985C!73!2W?200!8G!G854B!D_dE!.8F50!73!/!1/07?!985C!922C!97KK!12!J/76!/4!47I2!
/36!832R./KG!D"!cE=!!$.2B!97KK!384!52 ? 27V 2!6 / 7KB!8 5!07W 4. !D`
4.
E!6/B!8V2547I2=!$.70!/JJK720!48!'4/4F0!"!/36!'4/4F0!^!(008?7/420!
1B!IF4F/K!/;522I234i=!
!
i,F4F/K!(;522I234!R!N.23!52G25526!48!73!4.70!?8345/?4!hIF4F/K!/;522I234T!I2/30!9.23!184.!4.2!(008?7/42!/36!4.2!
+IJK8B25!b8734KB!/;522!48!4.2!1232G74!8G!184.!83!/!0J2?7G7?!0F1b2?4=!!(3B!670JF42!/57073;!G58I!4.2!/JJK7?/4783!8G!IF4F/K!
/;522I234>!0F102aF234!074F/47830!97KK!52aF752!4.2!F02!8G!68?FI234/4783!1249223!4.2!(008?7/42!/36!+IJK8B25=!
!
e=#! $.756!D^
56
E!37;.4!8V2547I2 !9 7KK!384!/J JKB !48!/3 B!GFKK R47I2!'4/4F0!^!(008 ?7/42 0!/3 6!/KK!84. 25!GFKKR 47I 2 !(008 ?7/42 0!.7526 !83 !85!
/G425!S?48125!#P>!#dd_!974.!4.2!2W?2J4783!8G!A2J/54I234!%2/60>!(00704/34!A2J/54I234!%2/60>!/36!O2/60."A2J/54I234!
%2/60>!(00704/34!A2J/54I234!%2/60>!/36!O2/60!52aF7526!48!985C!J/04!`]dd!J=I=!G85!I852!4./3!498!D#E!37;.40!J25!922C!
/G425!0./KK!12!J/76!47I2!/36!832R./KG!D"!cE!G85!/KK!.8F50!9 85C 26 !/G425!`]d d!J=I=!83!4.2!4.756!D^
56
E!/36!0F102a F 23 4!37;. 40!73 !
0F?.!922C=!!+K7;71K2!(008?7/420!9.8!/52!620758F0!8G!/6674783/K!.8F50!8G!985C!974.73!4.2!985C!922C>!/36!9.8!./V2!
7367?/426 !4 . 70!6 2 0752 !D/ 3 6 !/V / 7K/1 7K74 BE!73 !957473;!48!4 .2 !'4852!,/3/;25!D9 74. !/!?8J B!48!4. 2!L 378 3E>!I / B!12 !0?.2 6F K26 !G85!
I852!4./3!498!D#E!37;.40!J25!922C!974.8F4!52;/56!48!4.2!47I2 !/36 !83 2R./KG!D"!cE!52aF752I2340=!!'F?.!9574423!3847?2!8G!
734234!F3 6 2 5!4. 70 !' 2? 478 3 !0. / KK!0 4/ 36 !G 85 !4. 754B !D^ d E!6 / B0 !/3 6 !4. 2 3 !F 3 47K!52 V8 C 26 !73 !957473;!48!4 .2 !J / 5472 0!974.!832 !9 2 2 Cj0 !
3847?2=!!&4!70!F362504886>!.892V25>!4./4!74!70!384!4.2!734234!8G!4.2 !J /54 720 !4. / 4!G5 2a F 2 3 4!? ./ 3 ; 20 !73 !4. 70 !04/ 4F 0 !1 2!73 V 8 C2 6 =!!
'2?47830!e=#!0./KK!384!/JJKB!48!985C!83!0F?.!6/B0!9.252!(008?7/420!52?27V2!47I2!/36!832R./KG!D"!cE!G85!0F?.!985C=!$.70!
K/3;F/; 2 !6 82 0 !3 84 !/J J KB !48 !4. 2 !A 5F ; @),!<K25 C0 =! "!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!
'4/5473;!47I20!G85!A5F;@),!A2J/54I234!%2/60!0./KK!12!62425I7326!1B!4.2!+IJK8B2 5=!!%892V25>!38!A5F ;@), !
A2J/54I234!%2/6!0./KK!12!52aF7526!48!985C!I852!4./3!498 !D#E!37;.40!J 2 5!9 2 2 C!J / 04 !` ]^d !J =I=!83!/!52 ;F K/ 5!1 / 070 =!
!
e=^! '2?4783!e=#!/18V2!0./KK!384!/JJKB!48!985C!83!'F36/B0!/36!.8K76/B0!9.252!4.802!(008?7/420!52?27V2!47I2!/36!832!
./KG!D"!cE!G85!0F?.!985C=!
!
e=_! 'F36/B!Z52I7FI!R!&3!< 73 ?73 3 / 47!0 48 5 20 !D/ 0!3 8426!73!( J J 2 3 6 7W !< !9 74 . !/ 3 !i E>!9 . 2 3 !985C!70!J25G85I26!83!/!'F36/B>!74!0./KK!
384!12!?830762526!/0!J/54!8G!4.2!385I/K!985C!922C>!/36!47I2!/36!832R./KG!D"!cE!4.2!(008?7/42X0!52;FK/5!.8 F 5KB !5 / 42 ! 0./KK!
12!J/76!G85!/KK!.8F50!985C26!4./4!6/B=!!'F36/B0!0./KK!12;73!/4!"#]d"!/=I=!/36!236!/4!"#]dd!I7637;.4=!!D$.2!/18V2!
J58V707830!0./KK!384!/JJKB!48!37;.4!0.7G4!(008?7/420!1249223!e]dd!J=I=!/36!"#]dd!I 7637;.4!83!'F 36/ B0=E!
!
! +GG2?47V2!974.!(008?7/420!.7526!/G425!-8V2I125!"d>!"ef`>!'F36/B!985C!0./KK!12!?830762526!/0!J/54!8G!4.2!385I/K!98 5C!
922C>!/36!0F?.!(008?7/420!0./KK!12!J/76!/4!4.275!52;FK/5!.8F5KB!5/42!G85!.8F50!985C26!4./4!6/B=!!%892V25>!74!70!
F362504886!7G!/3B!(008?7/42!2K2?40!384!48!985C!83!'F36/B!D02378574B!J25I74473;E>!4.2B!I/B!2K2?4!48!68!08!974.!4.2!
F362504/3673;!74!I/B!520FK4!73!/!526F?26!985C!922C=!
!
! $.2!+IJK8B25!/;5220!4./4!4.2!2K7I73/4783!8G!'F36/B!J52I7FI!J/B!G85!(008?7/420!.7526!/G425!-8V2I125!"d>!"ef`>!/0!
0J2?7G726!/18V2!70!384!73423626!48!526F?2!4.2!985C!.8F 50!4./4!(008?7/420!.7526!J5785!48!-8V2I125!"d>!"ef`!/52!985C73;!
6F573;!4.2!385I/K!985C!922C=!!$.2!J/54720!F362504/36!4./4!4.70!70!384!73423626!48!12!/!;F/5/3422!8G!.8F50!/36!
0?.26FK20!9.7?.!?/3!12!/GG2?426!1B!1F073200!?836747830!85!G/?4850!12B836!4.2!?83458K!8G!4.2!+IJK8B25=!
!
e=Q! %8K76/B!Z52I7FI!R!N.23!985C!70!J25G85I26!83!/!.8K76/B>!74!0./KK!384!12!?830762526!/0!J/54!8G!4.2!385I/K!985C!922C>!
/36!47I2!/36!832R./KG!D"!cE!4.2!(008?7/42X0!52;FK/5!.8F 5KB!5/42!0. /KK!12 !J/76 !G85!/KK!.8 F50!9 8 5C26 !4./ 4!6/B =!!&3!4.2!?/02 !8G!
/!.8K76/B>!4.70!0./KK!12!73!/6674783!48!4.2!.8K76/B!J/B!J58V7626!G85!2K029.252!73!4.70!(;522I234=!!%8K76/B0!0./KK!12;73!/4!
"#]d"!/=I=!/36!236!/4!"#]dd!I7637;.4=!
!
e!
!
e=`! -7;.4!'.7G4!Z52I7FI0!R!(KK!(008?7/420!985C73;!G58I!"d]dd!J=I=!48!`]dd!/=I=!97KK!52?27V2!/!832!68KK/5!Dk"=ddE!J52I7FI!73!
/6674783!48!4.275!52;FK/5!5/42!2W?2J4!G85!4.2!.2/6!37;.4!K2/6!?K25C=!!$.2!J58V707830!8G!4.70!(547?K2!e>!'2?4783!e=#!/18V2!6820!
384!/JJKB!48!0F?.!(008?7/420=!!$.2!62G7374783!8G!/!37;.4!0.7G4!(008?7/42!70!?834/7326 !73 !( 547? K2!" _ !8 G!4 .70 !( ; 52 2I234=!!
!
! $.2!37;.4!0.7G4!5/42!97KK!/JJKB!83!/!.8K76/B!/36!V/?/4783!J/B!48!4.802!52;FK/5KB!2IJK8B26!83!37;.4!0.7G4[!4./4!70>!73!.8K76/B!
922C0!7G!G7G4B!J25?234!DQdgE!85!I852!8G!4.2!.8F50!985C26!/52!83!37;.4!0.7G4!/36!83!V/?/4783!J/B!7G!G7G4B!J25?234!DQdgE!85!
I852!8G!4.2!.8F50!985C26!73!4.2!492KV2!D"#E!922C0!bF04!J5785!48!V/?/4783!/52!83!37;.4!0.7G4=!
!
& (!A5F;@),!?K25C!9.8!70!/!I2I125!8G!4.2!52;FK/5!37;.4!048?C73; !?529 !9 7KK!./V2 !4.275!3 7;.4!048 ?C73 ;!J52 I 7FI!73?KF626!73!
4.2!?/K?FK/4783!8G!4. 275!V/? /4783 !/3 6!.8 K76/B !J/B !/0!9 2KK!/0!73!4.2!?/ K?FK/ 4783!8 G!/3B !?83 45/?4F /K!8V 2547I 2=!
!
! (3!(008?7/42!9.8!985C0!/!37;.4!0.7G4!G85!G7G4B!J25?234!DQdgE!85!I852!8G!4.275!985C73;!.8F50!73!/3B!922C!97KK!52?27V2!4.2!
37;.4!0.7G4!5/42!G85!4.2!GFKK!922C!/36!0./KK!12!?830762526!/!37;.4!0.7G4!(008?7/42!G85!4.2!JF5J802!8G!4.70!(547? K2!/3 6!( 547?K2!
"_=!
!
! N.23!/!37;.4!0.7G4!(008?7/42!70!0?.26FK26!48!985C!G7G4B!J25?234!DQdgE!85!I852!8G!4.275!0?.26FK26!985C!0.7G4!J5785!48!`]dd!
/=I=>!4.2B!97KK!52?27V2!4.2!37;.4!048?C73;!J52I7FI!G85!4.2!234752!0.7G4=!!!
!
! (3B!(008?7/42!9.8!70!0?.26FK26!498!D#E!?8302?F47V2!922C0!85!I852!83!37;.4!0.7G4!985C!0./KK!12!?830762526!/!37;.4!0.7G4!
(008?7/42!/36!0./KK!12!0F1b2?4!48!4.2!J58V707830!F3625!(547?K2!"_>!-7;.4!'.7G4!Z58V707830>!2W?2J4!G85!4.802!(008?7/420!9.8!
/52!6873;!52K72G!985C!G85!V/?/4783!/36@85!07?C!K2/V2[!J58V7626!,/3/;2I234!./0!;7V23!/6V/3?2!3847?2!8G!0F?.!0?.26FK2!
?./3;2=!!!
!
e=P! -8!ZB5/I7673;!R!Z52I7FI!J/B!97KK!384!12!JB5/I7626>!/36!/3B!.8F50!J/76!G85!/4!J52I7FI!J/B!97KK!384!12!F026!73!4.2!
?8IJF4/4783!8G!/3B!84.25!J52I7FI!J/B=!!
",!-)$%&.C/&7'2,+&'(&<',8&
"d="! Y/07?!N85C!N22C!R!$.2!985C!922C!G85!GFKKR47I2!(008?7/420!.7526!J5785!48!-8V2I125!"d>!"ef`!0./KK!?830704!8G!FJ!48!G854B!
D_dE!.8F50!73!38 4!I 852 !4./ 3!G7V2!DQ E!6/B 0>!38 4!32? 200 /57KB!?8 302 ?F 47V2>!, 8 36 /B !4.58 F; .!'/ 4F56 /B !F3 K200 !I F4F /KKB!
/;5226i!FJ83=!!!
!
!!!!!!!!!!!!!!M85!'4/4F0!"!/36!'4/4F0!^!(008?7/420!.7526!/G425!-8V2I125!"d>!"ef`>!4.2!985C!922C!0./KK!?830704!8G!FJ!48!G854B!D_dE!.8F50!
73!384!I 8 52 !4. / 3 !G7V2 !DQ E!6 / B0 >!3 8 4!3 2 ?2 00 /5 7KB!? 8 30 2 ?F 47V 2 >!'F 3 6 / B!4. 58 F ; . !' /4 F5 6/ B !F 3K2 0 0!IF4F/KKB !/; 52 2 6i !F J 8 3 = !
!
! M85!/KK!'4/4F0!_!(008?7/420>!4.2!1/07?!985C922C!0./KK!?830704!8G!FJ!48!G854B!D_dE!.8F50>!'F36/B!4.58F;.!'/4F56/B=!
!
"d=#! A/7KB!)F/5/3422!R!(3B!(008?7/42!9.8!70!73045F?426!48!52J854!48!985C!0./KK!12!;F/5/34226!G8F5!D_E!.8F50!985C!7G!4.2!
(008?7/42!70!/V/7K/1K2!G85!G8F 5 !D_E!.8F50!985C=!!&4!70!F362504886>!.892V25>!4./4!4.2!J/BI234!8G!G8F5!D_E!.8F50!0./KK!384!
/JJKB!48!'4/4F0!_!(008?7/420!9.802!.8F50!8G!985C!/52!520457?426!1B!?75?FI04/3?20!12B836!4.2!?83458K!8G!4.2!+IJK8B2 5=!!
'F?.!0?.26FK73;!;F/5/34220!0./KK!384!/JJKB!7G!4.2!.8F50!/52!384!/V/7K/1K2!6F2!48!(547?K2!"">!'2?4783!""=^!85!98FK6!V78K/42!
04/42!85!G2625/K!K/90=!
!
"d=^! ,2/K!Z25786!R!S32R./KG!DcE!.8F5!DF3K200!J58.717426!1B!K/9E!83!4.2!(008?7/42X0!893!47I 2 !0 . / KK! 1 2 !/ KK 8 926!G85 !/ !I2/K!
J25786!83!2/?.!985C73;!6/B=!!$.2!I2/K!J25786!0./KK!384!12!0?.26FK26!F347K!/3!(008?7/42!./0!985C26!4.522!D^E!.8F50>!/36!
/3!(008?7/42!97KK!384!12!52aF7526!48!985C!I852!4./3!G7V2!DQE!.8F50!J5785!48!4.2!12;73373;!8G!4.2!I2/K!J25786=!!'F?.!I2/K!
J25786!0./KK!12!0?.26FK26!/ 0 !3 2/ 5!48 !4 . 2!I766K2!8 G!4. 2 !9 8 5C !6 /B !/0 !J 8 00 71 K2=!! (008?7/420!985C73;!07W!D`E!.8F50!85!K200!97KK!
384!12!0?.26FK26!G85!/!I2/K!J25786>!F3K200!J58.717426!1B!K/9>!/36!4.70!J58V70783!0./KK!384!12!F47K7U26!48!?75?FIV234!4.2!
/V/7K/1K2!.8F50!J58V70783!8G!4.70!(;522I234=!
!
"d=_! *204!Z257860!R!(KK!(008?7/420!9.8!985C!I852!4./3!4.522!D^E!.8F50!FJ !48!/36!73?KF673;!G7V2!DQE!.8F50!73!/!6/B!0./KK!52?27V2!
/!G7G4223!D"QE!I73F42>!F3734255FJ426!5204!J25786=!(3!(008?7/42!9.8!985C0!I852!4./3!G7V2!DQE!.8F50!73!/!6/B!0./KK!52?27V2!
498!D#E!G7G4223!D"QE!I 73F 42>!F3 7342 55FJ 426 !5204!J2 5786 0=!*204!J 25786 0!9 7KK!12!0?.2 6F K26 !1B!4.2 !'4852!,/3/;25!73!
!
"d!
/??856/3?2!974.!4.2!32260!8G!4.2!1F073200!1F4!38!2/5K725!4./3!832!D"E!.8F5!/G425!52J85473;!47I2!/36!38!K/425!4./3!832!D"E!
.8F5!12G852!I2/K47I2!85!aF74473;!47I2=!
!
"d=Q! YF073200!,22473;0!R!%8F50!0J234!/4!1F073200!I22473;0!?/KK26!1B!4.2!+IJK8B25!12G852!85!/G425!1F073200!.8F50!0./KK!12!
?8F3426!/0!.8F50!985C26!/36!0./KK!12!J/76!G85!/??85673;KB=!!&G!/3!(008?7/42!70!?/KK26!73!G8 5!/!I22473; >!4. 2 B!0 . /KK!52 ? 27V 2 !
?/KKR73!J/B!/0 !J 58 V76 2 6 !73 !( 547? K2!" d >!' 2? 478 3 !" d =# =!
!
"d=`! $7I2!SGG!M85!SV2547I2!R!-8!(008?7/42!97KK!12!/KK8926!85!I/62!48!/??2J4!47I2!8GG!/0!?8IJ230/4783!G85!8V2547I2=!
",!-)$%&../&<',8&+)7%02$%+&
""="! Z80473;!N85C!'?.26FK20!R!$.2!.8F50!G85!2/?.!(008?7/42!0./KK!12!0?.26FK26!1B!4.2!+IJK8B25>!0F1b2?4!48!4.2!J58V707830!8G!
4.70!(;522I2 34=!!(!9 85C 73;!0?. 26 FK2!G8 5!4.2!0F ??2 26 73;!9 22 C!0. /KK!12!J8 042 6!73!73C!3 84!K/425!4. /3 !^]dd!J =I =!M576/B !8G!4.2 !
?F55234!922C!974.!4.2!(008?7/42X0!GFKK!3/ I2!K7042 6 !1B!02378574B!/36!4.2!(008?7/42X0!0237857 4B !6 / 4 2 =!!S32!9 8 5 C !0 ?.26FK2 !
0./KK!12!J80426!1B!62J/54I234!73!/KK!048520!974.!4.2!0?.26FK26!.8F50!8G!(008?7/420!484/K26!/4!4.2!236!8G!4.2!?8KFI3!/36!
4.2!L3783!'429/56!97KK!52?27V2!/!?8JB!8G!4.2!985C!0?.26FK2=!!&3!4.2!2V234!0F?.!0?.26FK2!70!384!J80426>!4.2!0?.26FK2!G85!
4.2!J52?2673; !92 2C !0./KK!J52 V/7K>!2W?2 J4!73!4.2 !92 2C !J52? 26 73;!85!4. 2!9 22 C!8G!/!. 8K76/ B=!!(G425!4.2 !0?.2 6F K2!70!J8 0426 >!/!
'4/4F0!"!85!'4/4F0!^!(008?7/42X0!0?.26FK2 !97KK!384!12!?./3;26!/ 3 6 !'4/4F0!"!/36!'4/4F0!^!G886!(008?7/420!985C73;!4.275!
0?.26FK26!6/B!8GG!97KK!12!J/76!47I2!/36!832R./KG!D"!cE!G85!0F?.!.8F50=!!%8F 50!/6 62 6!48 !4.2 !0?.2 6F K2!9 7KK!12!6 83 2!974.73!
4.2!02378574B>!/V/7K/1K2!. 8F 50!/3 6!2/ 5K725!04/5473; !47I20 !J58V 707830 !8G!4.70!(; 522I 2 34>!2W ?2J 4!/0!J58 V76 26!73!' 2?478 3!""="_!
R!(6674783/K!%8F50!R!97KK!12!52GK2?426!83!4.2!J80426!985C!0?.26FK2=!
!
! '?.26FK20!97KK!12!/55/3;26!1B!4.2!G8KK8973;!62J/54I2340]!!,2/4!A2J/54I234>!A2K7@Y/C25B!A2J/54I234>!)58?25B!
A2J/54I234!D9.7?.!0./KK!73?KF62!A/75B!/36!M58U23!M8860E>!Z586F?2!A2J/54I234>&M5834R+36!D</0.7250E>!'/?C250@</55B8F4>!
'/K/6!Y/5!A2J/54I234>!MK85/K!A2J/54I234>!A2I83045/4850>!O7aF85!'.8J!A2J/54I234>!MK885!,/73423/3?2>!MF2K!<23425>!
<8GG22!'.8J>!/36!A5F;@),=!
!
""=#! MFKKR$7I2!*/478!R!$.58F;.8F4!4.2!425I!8G!/;522I234>!4.2!<8IJ/3 B!9 7KK!/66!Qd d!h'4/ 4F0!" T!(008?7/420!48!4.2!?F55234!
?8I17326!.2/6?8F34!8G!184.!4.2!?F55234!<73?733/47!/36!A/B483!Y/5;/7373;!/;522I2340!384!48!2W?226!QfQ#=!S32!
.F36526!D"ddE!329!h'4/4F0!"T!(008?7/420!97KK!12!/6626!73!4.2!I834.!G8KK8973;!5/47G7?/4783>!/36!832!.F36526!D"ddE!
/6674783/K!h'4/4F0!"T!(008?7/420!97KK!12!/6626!83!l/3F/5B!">!#d"Q[!l/3F/5B!">!#d"`[!l/3F/5B!">!#d"P[!/36!l/3F/5B!">!#d"f=!!
S3?2!4.2!/6674783!8G!4.2!Qd d!32 9 !h'4/ 4F0!"T !(008?7/420!48!4.2!484/K!.2/6?8F34!./0!1223!I/62>!38!832!97KK!12!2K7;71K2!G85!
'4/4F0!"!;873;!G859/56=!!(3B!h'4/4F0!"T!(008?7/420!/0!8G!5/47G7?/4783!4./4!./0!aF/K7G726!G85!h'4/4F0!"T!/36!K8020!4.275!04/4F0!
97KK!38!K83;25!12!2K7;71K2!48!52RaF/K7GB!G85!h'4/4F0!"T!/36!97KK!12!I8V26!48!h'4/4F0!^T!/36!97KK!/6.252!48!4.2!h'4/4F0!^T!
J58V707830=!
!
""=^! (V/7K/1K2!%8F50!m!'4/4F0!"!/36!'4/4F0!^!(008?7/420!0./KK!52?27V2!/V/7K/1K2!.8F50!FJ!48!/36!73?KF673;!27;.4!DfE!.8F50!J25!
6/B>!G854B!D_dE!.8F50!J25!922C!73!/??856/3?2!974.!02378574B>!974.73!4.2!7367V76F/K!04852>!J58V7626!4./4!4.70!6820!384!
?83GK7?4!974.!/384.25!J58V70783!8G!4.70!(;522I234=!!(V/7K/1K2!.8F50!I/B!12!2W25?7026!83KB!G85!4.2!G7V2!DQE!.7;.204!.8F5!
6/B0!73!4.2!922C!DG8F5!D_E!.7;.204!.8F5!6/B0!73!/!.8K76/B!922CE!2W?KF673;!.8K76/B0=!!'4/4F0!"!/36!'4/4F0!^!(008?7/420!I/B!
?K/7I!/3B!85!/KK!J8547830!8G!/!K200!023785!(008?7/42j0!0?.26FK2!83KB!9.23!0F?.!/!?K/7I!98FK6!/66!.8F50!48!4.2!023785!
(008?7/42j0!0?.26FK2!G85!4./4!6/B=!(KK!'4/4F0!_!(008?7/420!I/B!2W25?702!4.275!02378574B!G85!4. 2!? K/ 7I 73 ; !8 G!4. 2 !9 2 2 CKB !
0?.26FK20!974.!4.2!I804!.8F50!S- On=!
(008?7/420!974.73!4.2!,2/4!A2J/54I23 4>!A2K7@Y/C25B!A2J/54I 234>!'2/G886 @'25V7?2!, 2/4!A2J/54I 234>!'/?C25@</ 55B8F4!
A2J/54I234>!MK85/K!A2J/54I234>!'/K/6!Y/5!A2J/54I234>!<8GG22!'.8J>!A2I83045/4850>!/36!A5F;@),!?/3!?K/7I!/V/7K/1K2!
.8F50!73!4.275!520J2?47V2!62J/54I234!S-On=!
!
&4!70!4.2!734 2 3 4!8 G!4 . 2!J / 5 472 0!4./4!)58?25B!A2J/54I234!(008?7/420!D9.7?.!0./KK!73?KF62!A/75B!/36!M58U23!M886!
A2J/54I234!(008?7/420E>!Z586F?2!A2J/54I234!(008?7/420>!M5834R+36!(008?7/420>!9.7?.!97KK!73?KF62!MF2K!<23425!
(008?7/420>!IF04!?K/7I!/6674783/K!/V/7K/1K2!.8F50!974.73!4.275!62J/54I234!0?.26F K2!73!85625!48!I/W7I7U2!FJ !48!/36!
73?KF673; !2 7; .4 !Df E!. 8 F 50!J 2 5!6 / B!1 2 G8 52 !?K/ 7I73;!/66 7 4783 /K!/V/ 7K/1K2!.8 F 50!73!84. 25!62 J/ 54I 23 4D0E>!G7504!/I8 3 ;!?K25C0!
/36!4.23!/I83;!0/?C250=!
!
!
""!
(008?7/420!83!4.2!J/B58KK!8G!4.2!+IJK8B25!/0!8G!lFKB!#d>!"eP`>!2W?2J4!73!,2/4>!A2K7@Y/C25B!A2J/54I2340>!97KK!12!
0?.26FK26!/36@85!/KK89 2 6!48!?K/ 7I !/3 B!/3 6!/KK!J8 54783 0!8G!4.2 !/V/ 7K/1K2 !.8 F50!8 G!/!'/?C25@</55B8F4!(008?7/42X0!0?.26 F K2 !
73!85625!48 !2 W 42 3 6!4 . 275!0 ? .2 6 F K2 6!0 . 7G4D 0E!4 8!2 7; . 4!Df E!. 8 F 50 !J 25!6 / B !85 !G8 54B !D_ d E!. 8 F5 0!J 2 5!9 2 2 C!/ 4!4 . 2!(008?7/42X0!
?F55234!5/42!8G!<K25CX0!J/B=!!%892V25>!0F?.!(008?7/420!0./KK!384!12!J25I74426!48!?K/7I!2/5K725!04/5473;!47I20!8G!
'/?C25@</55B8F4!(008?7/420=!!(008?7/420!?K/007G726!/0!<K25C0!/36!.7526!/G425!lFKB!#d>!"eP`!97KK!384!12!/KK8926!48!?K/7I!/3B!
.8F50!73!4.2!'/?C25@</55B8F4!?K/007G7?/4783=!
!
$92KV2R%8F5!,737IFI!R!(008?7/420!97KK!12!0?.26FK26!G85!/!I737IFI!8G!492KV2!D"#E!.8F50>!F3 K 2 00 ! (008?7/42!/36!
+IJK8B25!84.259702!IF4F/KKB!/;522=!%8F50!I/B!384!12!?K/7I26!12K89!4.70!492KV2!D"#E!.8F5!I737IFI=!!D$.2!734234!8G!4.70!
K/3;F/; 2 !70!3 8 4!4 8 !?75? F I V 2 3 4!4. 2 !/ V/ 7K/1 K2 !. 8 F 50!? K/ F0 2 >!38 5!4 8 !52 6F ? 2 !?F 552 3 4! '4/4F0!">!'4/4F0!^>!/36@85!'4/4F0!_!
(008?7/420=!!%8F50!97KK!12!0?.26FK26!1B!02378574B=E!
!
! &4!70!4.2!734 2 3 4!8 G!4 . 2!J / 5 4720!4./4!(008?7/420!?/3384!F02!4.70!/V/7K/1K2!.8F50!?K/F02!48!?K/7I!.8F50!8G!985C!4./4!97KK!?/F02!
4.2!J/BI2 34!8 G!J52I 7F I !J/B !/4!47I2 !/3 6!83 2R./KG!D"!cE!6F573;!4./4!922C=!
!
! <K25C0!?/3384!?K/7I!.8F50!85!2/5K725!04/5473;!47I20!8G!A2J/54I234!%2/60>!(00704/34!A2J/54I234!%2/60>!/36!O2 /6!<K25C0!
/0!J58V7626!73!4.70!(;522I234=!
!
! '4852!,/3/;25!$5/7322!/007;3I2340!97KK!384!12!F47K7U26!48!?75?FIV234!4.2!/V/7K/1K2!.8F50!J58V70783!8G!4.70!'2?4783=!
!
! &3!8562 5!G8 5 !/3 !(008?7/42!48!?K/7I!/V/7K/1K2!. 8F 50!9 74.73!4.2!8GG7?2>!4.2!+IJK8B25!/;5220!48!/36!0./KK!45/73!0F?.!(008?7/42!
974.73!423!D"dE!6/B0=!
!
! $5/7373;!Z25786!R!-29KB!.7526!(008?7/420!0./KK!52?27V2!45/7373;!1B!/!aF/K7G726!7367V76F/K!974.73!4.2!62J/54I234!9 .8!./0!
1223!02K2?426!1B!4.2!'4852!,/3/;25=!
!
! $5/7373;!0./KK!12;73!FJ83!/007;3I234!48!4.2!J8074783=!!$.2!3FI125!8G!45/7373;!.8F50!J25!b81!?K/007G7?/4783!0./KK!12!/0!
G8KK890]!MK8 5/ K>!'/K/6!Y/5>!/36!'/?C25@</55B8F4!0./KK!52?27V2!49234BRG8F5!D#_E!. 8F 50!8G!45/ 7373 ;=!)58 ?2 5B!/3 6! Z586F?2! 0. /KK!
52?27V2!4.754BR07W!D^`E!.8F50!8G!45/7373;=!!M5834R236>!,2/4>!A2K7@Y/C25B!/36!'2/G886@'25V7?2!,2 /4>!/36!A5F;@),!0./KK!
52?27V2!02V234BR498!DP#E!.8F 50!8G!45/ 7373;=!
!
! 'J2?7/K7U26!$5/7373;R!$5/7373;!.8F50!D6207;3/426!83!/!0?.26FK2E!G85!(008?7/420>!(00704/34@O2/6!A2J/54I234!%2/60!/36!
A2J/54I234!%2/6!?/3676/420!02K2?426!1B!4.2!'4852!,/3/;25!97KK!52?27V2!45/7373;!1B!/!aF/K7G726!7367V76F/K!974.73!4.2!
62J/54I234!6207;3/426!1B!4.2!'4852!,/3/;25=!$.202!.8F50!/52 !3 84 !48!1 2 !?K/ 7I 2 6 !1B !/3 B !84 .2 5!(008?7/42=!$.202!.8 F 50!
97KK!384!526F?2!4.2!52;FK/5KB!0?.26FK26!.8F50!73!4.2!62J/54I234!9.252!45/7373;!.8F50!/52!/007;326=!(3B!
;572V/3?2@670JF42!/57073;!G58I!4.2!0?.26FK73;!8G!4.202!6207;3/426!45/7373;!.8F50!0./KK!J58?226!6752?4KB!48!'42J!^!8G!4.2!
;572V/3?2!J58?26F52=!
!
! (KK!45/7373;!.8F50!0./KK!12!J80426!/36!38426!83!4.2!922CKB!62J/54I234!0?.26FK2=!!$5/7373;!.8F50!0./KK!12!0?.26FK26!
?8302?F47V2KB!/36!974.73!4.2!I737IFI!0?.26FK73;!;F762K7320=!
!
""=_! +/5K725!'4/5473;!$7I20!R!$.2!+IJK8B25!0./KK!52?8;37U2!2/5K725!04/5473;!47I20>!7=2=>!/!0.7G4!?8II23?73 ;!/4!`]dd !/=I =>!
/V/7K/1K2!73!4.2!04852!83!4.2!G8KK8973;!1/070]!!+/5K725!04/5473;!47I20!97KK!12!/007;326!83!/!?83473F73;!1/070!48!4.2!I852!
023785!(008?7/42!974.73!4.275!520J2?47V2!b81!?K/007G7?/4783!/0!62G7326!73!(JJ2367W!H(H!9.252!0F?.!0?.26FK73;!6820!384!
?83GK7?4!974.!84.25!J58V707830!8G!4.70!(;522I234!85!98FK6!?/F02!4.2!+IJK8B25!48!J/B!8V2547I2!/0!/!520FK4!8G!0F?.!
0?.26FK2=!!D$.70!J/5/;5/J.!0./KK!384!/JJKB!6F573;!4.2!G7504!G854BRG7V2!D_QE!?/K236/ 5!6/B 0!8G!/!3 29 !048 5 2!8J25/4783=E!
! ! !
'4/5473;!47I20!8G!A2J/54I234!%2/60!/36!(00704/34!A2J/54I234!%2/60!0./KK!12!62425I7326!1B!4.2!+IJK8B25>!9.7?.!
73?KF620 !%2/6!A5F;@),=!
!
! (00704/34!A2J/54I234!,/3/;250!97KK!12!0?.26FK26!48!J25G85I!4.2!J58?26F520!/36!0FJ25V70783!8G!4.275!62J/54I234!
D(00704/34!A2J/54I234!,/3/;250!97KK!384!12!0?.26FK26!48!12;73!/!0.7G4!G85!4.2!JF5J802!8G!52K72V73;!4.2!G7504!152/CE=!!&3!
4.2!2V234!4.252 !70!38!32 26 !48!0?. 26 FK2!(00704/34!A2J/54I234!,/3/;250!8F4!8G!02378574B!G85!0F?.!?8V25/;2>!4.2B!97KK!12!
0?.26FK26!1B!4.275!023 78574B=!!&G!0F?. !/JJ K7?/4783 !32? 20074/ 420!I 8 52!4./ 3!49 8!D# E!37;.40 !73!/!98 5C!9 22 C>!0F?. !(008?7/420!
!
"#!
I/B!2W25?702!4.2!8J4783!J58V7626!73!(547?K2!e=#!73!85625!48!I/W7I7U2!4.275!.8F50!FJ!48!27;.4!DfE!J25!6/B!/36!G854B!D_dE!J25!
922C=!
!
! N.232V25!/3!(008?7/42D0E!70!0?.26FK26!G85!985C!.8 F50 !73!I 852 !4./ 3!83 2!D"E!62J/54I234!974.73!4.2!)58?25B!<K25C!;58FJ!
73!4.2!048 52 >!4. 2 !6 2J / 54I234!?8 3 4/ 7373 ; !G7G4 B!J 2 5? 23 4!D Q dgE!85!I8 52 !8 G!0F ? . !(008?7/42X0!484/K!922CKB!. 8F50!9 7KK!12!
?830762526!0F?.!(008?7/42X0!1/07?!92 2 CK B! 6 2 J / 5 4I234!G8 5 !4.2!JF5J 802!8G!/ ? . 72 V 73;!2/5K72 5 !0 4/ 5 473 ; ! 47I20=!
! ! !
! (3B!I852!023785!)58?25B!<K25C>!M5834R+36!<K25C>!85!Z586F?2!<K25C!I/B!?K/7I!/!G7V2!DQE!6/B!0?.26FK2!73!84.25!62J/54I2340!
974.73!4.2!02378574B!;58FJ!974.73!4.2!048 52 !G8 5!4. 2 !J F5 J8 0 2 !8G !/? . 72V 73 ; !2/ 5K72 5!0 4/ 5473 ; !47I20=!!'F?. !(008?7/42!?K/7I73;!/!
G7V2!DQE!6/B!0?.26 FK2 !73!/3 84. 25!62 J/ 54I 2 34!I F 04!./ V2 !122 3!8 57;73/ KKB!0?. 26 FK2 6!G8 5!/!92 2C KB!0?. 26 FK2 !9. 7?. !?83 4/73 26 !
G2925!2/5K725!04/5473 ;!47I 20 !4./3 !4. /4!8G!4.2!G7V2!DQE!6/B!0?.26FK2!9.7?.!.2!7342360!48!?K/7I=!!(G425!/!023785!?K25CD0E!./0!
?K/7I26!7348!/384.25!62J/54I234!G85!4.2!JF5J802!8G!/?.72V73;!2/5K725!04/5473;!47I20>!0F?.!?K25CD0E!0./KK!4.23!12!
52?8;37U26!1 B!023 78574B!9 74.73 !0F? .!62 J/ 54I 2 34!83 !0F1 02aF234!922CKB!985C!0?.26FK20!G85!/V/7K/1K2!2/5K725!04/5473;!
47I20=!
!
! $.70!'2?4783!0./KK!384!J52?KF62!4.802!(008?7/420!4.2!8JJ854F374B!8G!?K/7I73;!/V/7K/1K2!.8F50!73!/3B!84.25!62J/54I234!/0!
J58V7626!73!'2?4783!""=^=!
!
& -84974.04/3673;!4.2!/18V2>!4.2!+IJK8B25!/;5220!48!?83473F2!48!52?8;37U2!02378574B!G85!-83RM886!(008?7/420!G85!
J52G252347/K!6/7KB!985C!0.7G40!83KB!9.23>!73!4.2!<8IJ/3Bj0!670?524783>!74!70!J80071K2=!
&
""=Q! (008?7/42!N/7V250!R!(4!4.2!(008?7/420X!670?524783>!/3!(008?7/42!I/B!7367?/42!48!4.2!'4852!,/3/;25!73!957473;!D974.!/!?8J B !
48!4.2!L3783E!4. /4!J2 547323 4!?8 345/ ?4F/ K!?K/F02 0!38 49 74.04/ 36 73;>!9 74.!520J 2?4!48 !/V/ 7K/1K2!.8 F50 !/36 !2/5K725!04/ 5473;!
47I20>!0F?.!(008?7/42!I/B!9/7V2!0F?.!/JJK7?/4783!8G!02378574B!/36!52aF204!0?.26FK26!922CKB!0.7G40>!9.7?.!/52!52;FK/5KB!
/V/7K/1K2>!1/026!83!J25083/K!J52G2523?2!G85!2/5K725!85!K/425!04/5473;!47I20!2V23!7G!0F?.!0?.26FK73;!520FK40!73!/!K20025!
3FI125!8G!.8F50!4./3!02378574B!98FK6!385I/KKB!7367?/42=!!'F?.!9574423!3847?2!8G!734234!F3625!4.70!J/5/;5/J.!0./KK!04/36!
G85!4.754B!D^dE!6/B0!/3 6!4. 23 !F3 47K!52V8C 26 !73!9 57473;!48 !4.2!J /54720 !974. !83 2!D"E!9 22 CX0!38 47?2 =!!&4!70!F362 50488 6 >!.89 2 V25>!
4./4!74!70!384!4.2!734234!8G!4.2 !J/5472 0!4./4!G52 aF 23 4!?./ 3;2 0!73!4.70!04/4F 0!12 !73V8 C 26 = !
!
""=`! *2;FK/5!A/B!SGG!R!$.2!+IJK8B25!97KK>!9.252!4.2!32260!8G!4.2!1F073200!/52!384!/6V2502KB!/GG2?426>!0?.26FK2!(008?7/420!
52;FK/5KB!985C73 ;!/!G7V2 !DQE!6/B !92 2C KB!98 5C!0?. 26 F K2>!/!52;F K/5!6/ B!8GG!1B !62J /54I234!83!/!023 78574B!1 /070=!
!
! $.70!J58V70783!0./KK!384!12!?83045F26!48!81K7;/42!4.2!+IJK8B25!48!52?8;37U2!/!023785!(008?7/42X0!62I/3 6!48!12! 0? . 26FK26 !
8GG!83!/3B!J/547?FK/5!922C6/B>!F3K200!0F?.!52aF20426!6/B!8GG!70!/V/7K/1K2!1/026!FJ83!4.2!0?.26FK73;!32260!8G!4.2!
62J/54I234D0E=!
!
! $.2!K/3;F/;2!73!4.70!(547?K2!""=`!6820!384!/JJKB!48!A5F;@),!(008?7/420=!
!
""=P! 'F36/B!/36!%8K76/B!N85C!R!&3!<73? 73 3 / 47!0 48 52 0 !D/ 0!3 8 4 26 !73 !( JJ236 7W!< !974.!/3!i E >!9.23!985C!70!J25G85I26!83!/!'F36/B>!
74!0./KK!12!8 3 !/ !V8 KF 3 4/ 5B !1 /0 70>!G8 5 !(008?7/420!.7526!J5785!48!-8V2I125!"d>!"ef`=!!$.2!+IJK8B2 5!0./KK!J804!/!V8KF34/5B!
'F36/B!985C!0.224!32/5!4.2!47I2!?K8?C!73!2/?.!04852!1B!^]dd!J=I=!M576/B!8G!2/?.!922C!48!?8V25!4.2!'F36/B>!9.7?.!8??F50!
2K2V23!D""E!6/B0!K/425=!!(3B!/18V2!I23478326!(008?7/42!9.8!6207520!48!985C!83!4.70!'F36/B!0./KK!07;3!4.2!'F36/B!985C!
0.224!38!K/425!4./3!$F206/B!/G425!4.2!J80473;!8G!4.2!V8KF34/5B!985C!0.224=!!(!?8IJ K2426!'F36 /B!98 5C!0?.26FK2!0./KK!
4.23!12!J8042 6!8 3!M576 /B!J 5785!48!4. 2!'F 36 /B=!!<K/7I 0!9 7KK!12!/KK89 26 !83 !4.2!' F3 6/ B!9 85C!0? .2 6F K2!83 !M576/ B!
7II2 6 7/4 2KB !J 52 ?2 6 73 ;!4 .2 !' F 3 6 /B =!!( 3 !(008?7/42!I/B!V8KF34225!G85!384!K200!4./3!G8F5!D_E!.8F50!/36!384!I852!4./3!27;.4!
DfE!.8F50!83!'F 3 6/ B@. 8K76 /B= !
!
! &G!4.2!+I J K8B25!322 6 0!/ 6 6 74 78 3 /K!.2KJ!83 !'F 36/B0@. 8 K76 / B 0>!. 2 !I/B!0?.26FK2!(008?7/420!12;73373;!974.!(008?7/420!.7526!
/G425!-8V2I125!"d>!"ef`>!/36!4.23!65/G4!(008?7/420!.7526!J5785!48!-8V2I125!"d>!"ef`>!83!/3!73V2502!02378574B!1/070=!!
(008?7/420!9.8!/52!65/G426!85!0?.26FK26!I/B !12!52aF752 6!48 !98 5C!FJ !48!/3 6 !73?KF6 73; !27;. 4!DfE!.8F 50!83 !
'F36/[email protected]/B0>!974.!4.2!J58V70783!4./4!/!023785!(008?7/42!9.8!70!65/G426!85!0?.26FK26!97KK!384!12!52aF7526!48!985C!
I852!.8F50!4./3!/!K200!023785!(008?7/42=!
!
!
"^!
! S3!'F36/B[email protected]76/B0>!4.2!+IJK8B25!I/B!2K2? 4!48!0?. 26 FK2!/!A2J/54I234!%2/6!85!(00704/34!A2J/54I234!%2/6!D8F4!8G!
02378574BE!73!;[email protected]/6!37;.4!K2/6!?K25C>!J586F?2>!G5834R236>!I2/4!/36!62K7!48!5F3!4.275!520J2?47V2!62J/54I2340!/36@85!
I/3/;2!4.2!04852=!!(3B!A2J/54I234!%2/6!/36@85!(00704/34!A2J/54I234!%2/6!6207;3/426!48!I/3/;2!4.2!04852!/36@85!
5F3!4.275!62J/ 54I 23 4!83 !/!'F 36 /B@ .8 K76/B !0./KK!12 !JK/? 26 !83 !4.2!9 8 5C!0?. 26 FK2!/ 36 !K70426!/0!1 273 ;!73!?. /5;2 !8G!4.2 !04852 !
85!62J/54I234!G85!4./4!J/547?FK/5!'F36/[email protected]76/B=!!&3!'4852!^d">!?K25C0!aF/K7G726!48!J25G85I!A2J/54I234!%2/6!85!
(00704/34!A2J/54I234!%2/6!6F4720!97KK!12!0?.26FK26!83!/!02378574B!1/070!974.!4.2!A2J/54I234!%2/6!/36!(00704/34!
A2J/54I234!%2/6=!
!
! (008?7/420!9.8!985C!83!'F3 6/B0!/3 6@85!.8K76/B0!./V 2!4.2!57;.4>!1/026!83!02378574B>!48!?K/7I!/KK!/V/7K/1K2!.8 F50!73!4. 2!
04852!83!4./4!6/B>!FJ!48!/36!73?KF673;!1F4!384!48!2W?226!27;.4!DfE!.8F50>!2W?KF673;!4.2!I2/K!J25786=!!MF54.25I 852>!4.2!
J58V707830!J254/7373;!48!2/5K725!04/5473;!47I20>!/0!J58V7626!G85!73!'2?4783!""=_!/18V2!97KK!12!/JJK7?/1K2!48!'F36/B!/36@85!
.8K76/B!985C=!
!
""=f! N.23!985C!70!J25G85I26!83!/!.8K76/B!/0!I23478326!73!(547?K2!"#>!'2?4783!"#=">!74!0./KK!12!8GG2526!1B!02378574B!83!/!
V8KF34/5B!1/070=!
!
! $.2!+IJK8B25!0./KK!J804!/!V8KF34/5B!.8K76/B!985C!0.224!32/5!4.2!47I2!?K8?C!73!2/?.!04852!1B!^]dd!J=I=!4.2!02?836!M576/B!
J5785!48!4.2!12;73373;!8G!4.2!922C!73!9.7?.!/!?8345/?4F/K!.8K76/B!8??F50>!/36!0F?.!K704!0./KK!52I/73!J80426!4.58F;.!
,836/B!8G!4.2!G8KK8973;!922C=!!(3B!(008?7/42>!52;/56K20 0!8G!6/42!8 G !. 75 2 >!9 . 8!620752 0!4 8 !9 85C!83!/!.8K76/B>!0./KK!07;3!4.2!
.8K76/B!985C!0.224!974.73!G7V2!DQE!6/B0>!/36!/!?8IJK2426!.8K76/B!985C!0?.26FK2!0./KK!4.23!12!J80426!1B!^]dd!J=I=!M576/B!
4.2!922C!J52 ?26 73; !4.2!. 8K76/ B!92 2C =!!
!
""=e! (3B!(008?7/42!9.8!70!0?.26FK26!G85!/!V/?/4783!922CD0E!0./KK!384!12!J25I74426!48!V8KF34225!/36@85!0./KK!384!12!65/G426!
G85!'F36/B!9 8 5C!73!4.2 !'F 36 /BD0 E!7I I 26 7/42 KB!G8KK8973;!4.2!12;73 373 ;!8 G!4.275!V/ ?/478 3!J 2578 6=!!(3 B!(008?7/42!0./KK!12!
J25I74426!48!V8KF34225!G85!4.2!'F36/B!7II267/42KB!G8KK8973;!4.2!236!8G!4.275!V/?/4783!J25786=!!%892V25>!0F?.!(008?7/42!
0./KK!384!12!65/G426@0?.26FK26!G85!0F?.!'F36/B=!
!
""="d! '?.26FK73;!<K/7I0!R!(3B!670JF42!8V25!4.2!/JJK7?/4783!8G!4.2!425I0!8G!4.70!(;522I234!48!4.2!J80426!985C!0?.26FK2!IF04!
857;73/42!38!K/425!4./3!4.2!47I20!0J2?7G726!12K89!83!M576/B!8G!4.2!922C!73!9.7?.!4.2!0?.26FK2!70!J80426!73!85625!48!12!/!
V/K76!;572V/3?2]!
!
<K/7I0!/;/7304!4.2!985C!0?.26FK2!97KK!12!0F1I74426!73!957473;!/36!73747/K26!1B!/!I2I1 2 5!8 G!,/3/;2I234!85!/3!(008?7/42!
08!6207;3/426!1B!,/3/;2I234!J5785!48!^]dd!J=I=!'/4F56/B=!!\/K76!?K/7I0!0./KK!4.23!12!J58IJ4KB!J80426!48!4.2!985C!
0?.26FK2!/36!73747/K26!1B!/!I2I125!8G!,/3/;2I234!85!/3!(008?7/42!08!6207;3/426!1B!,/3/;2I234=!
!
(008?7/420!9.8!./V2!./6!4.275!.8F50!?K/7I26!/0!/!520FK4!8G!4.2!/18V2>!/36!9.8!970.!48!73747/42!/!?K/7I!G85!/V/7K/1K2!
.8F50!85!2/5K725!04/5473;!47I20!0./KK!0F1I74!?K/7I0!73!957473;!/36!73747/K26!1B!/!I2I125!8G!,/3/;2I234!85!/3!(008?7/42!
08!6207;3/426!1B!,/3/;2I234!J5785!48!P]dd!J=I=!83!'/4F56/B=!!\/K76!?K/7I0!0./KK!4.23!12!J58IJ4KB!J80426!48!4.2!985C!
0?.26FK2!/36!73747/K26!1B!/!I2I125!8G!,/3/;2I234!85!/3!(008?7/42!08!6207;3/426!1B!,/3/;2I234=!
!
! %8F50!I/B!12!?K/7I26!83!4.2!+ IJK8B25X0 !47I2=!
!
Z58V23!V78K/47830!8G!/V/7K/1K2!.8F50!/36!2/5K725!04/5473;!47I20!0?.26FK73;!48!4.2!G73/K!J80426!985C!0?. 26 FK2 !0./KK!520F K4!73!
J23/K4B!J/B!D6820!384!/JJKB!48!A5F;@),!(008?7/420E!7G!384!5208KV26!73!'42J!"!8G!4.2!)572V/3?2!/36!(51745/4783!Z58?26F52!
/0!G8KK890]!
!
/E (V/7K/1K2!%8F50!R!47I2!/36!832R./KG!D"!cE!4.2!(008?7/42X0!5/42!8G!J/B!G 8 5! 4. 2 !.8F50!73V8KV26 = ! !
!
1E +/5K725!'4/5473;!$7I20!R!$7I2!/36!832R./KG!D"!cE!G85!4.2!.8F50 ! 1249223!4.2!236!8G!4.2!2/5K725!0.7G4!/36!4.2!236!8G!4.2!
0?.26FK26!0.7G4=!
!
""=""! '?.26FK73;!*20240!R!(008?7/420!974.73!4.2!;58?25B!?K25C!?K/007G7?/4783!985C73;!K200!4./3!27;.4!DfE!.8F50!J25!6/B>!/36!9.8!
/52!7342520426!73!23./3?73;!4.275!6/7KB!0?.26FK2!97KK!12!8GG2526!4.2!8JJ854F374B!48!73?52/02!4 .2 75!. 8 F 50 !1 B!J 2 5G8 5I73;!
985C!83!H520240H!974.73!4.2!(008?7/42X0!04852!83!4.2!G8 KK8973;!1/070=!
!
"_!
!
/E $.2!L3783!/36!4.2!04852!(008?7/420!97KK!12!3847G726!8G!H520240H!498!D#E!922C0!73!/6V/3?2=!
!
1E +K7;71K2!(008?7/420!7342520426!73!985C73;!83!H520240H!97KK!7367?/42!0F?. !73 42 52 04 !1B !07; 3 73 ; !/!0 7; 3RFJ!0.224!J80426!1B!
4.2!+IJK8B 25!9 74.73!4. 2!04852 =!
!
?E (008?7/420!07;373;!4.2!07;3RFJ!0.224!97KK!12!8GG2526!4.2!8JJ854F374B!48!73?52/02!4 .2 75!6 / 7KB!0 ?. 2 6 F K26 !. 8 F 50 !48 !/ !
I/W7IFI!8G!27;.4!DfE!.8F50!/36!985C!08I2!85!/KK!8G!4.275!6/7KB!0?.26FK2!83!4.2!H52024=H!
!
6E $.2!+IJK8B25!I/B!F02!4.2!32?200/5B!3FI125!8G!8F40762!V236850!73!/3B!I/3325!48!0FJJK2I234!/V/7K/1K2!1/5;/7373;!
F374!(008?7/420!08!/0!48!?8IJK242!4.2!H52024H!1B!4.2!236!8G!4.2!922C>!F3K200!/!67GG25234!47I2!G5/I2!70!/;5226!FJ83!
1249223!4.2!L3783!/36!4.2!+IJK8B25=!
!
! $.2!K/3;F/;2!73!(547?K2!""=""!6820!384!/JJKB!48!A5F;@),!(008?7/420=!
!
""="#! 'JK74!'.7G4@$7I2!SGG!Y249223!'.7G40!R!-8!(008?7/42!0./KK!12!52aF7526!85!J25I74426!48!985C!/!0JK74!0.7G4=!!(!0JK74!0.7G4!70!
62G7326!/0!498!D#E!985C!J257860!02J/5/426!1B!I852!4./3!/!385I/K!I2/K!J25786=!!M85!/3B!V78K/4783!8G!4.70!J58V70783>!4.2!
(008?7/42!0./KK!12!J/76!/0!47I2!985C26!124922 3!4.2!498 !D#E!985C!J257860!/4!4.2!/JJK7?/1K2!5/42!8G!J/B=!
!
! $.252!0./KK!12!/!I737IFI!8G!27;.4!DfE!.8F50!1249223!0?.26FK26!985C!0.7G40!G85!/KK!(008?7/420>!2W?KF673;!'F36/B0>!
.8K76/B0>!/36!8V2547I2=!!M85!(008?7/420!.7526!/G425!-8V2I125!"d>!"ef`>!4.252!0./KK!12!/!I737IFI!8G!27;.4!DfE!.8F50!
1249223!0?.26FK26!985C!0.7G40>!2W?KF673;!.8K76/B0!/36!8V2547I2=!!$.70!6820!384!/JJKB!73!4.2!2V234!8G!/3!2I25;23?B>!
0F?.!/0!/3!(?4!8G!)86=!
!
""="^! *2JK/?2I234!%8F50!R!$.2!L3783!52?8;37U20!4.2!+IJK8B25X0!J581K2I!974.!520J2?4!48!520?.26FK73;!73!?/020!8G!(008?7/42!
/102342270I=!!(??85673;KB>!4.2!J/54720!./V2!/;5226!FJ83!4.2!G8KK8973;!/JJK7?/4783!8G!4.70!734234!73!0F?.!074F/47830]!
!
! N.23!.8F50!D9.7?.!/52!83!4.2!J80426!985C!0?.26FK2E!12?8I2!/V/7K/1K2!6F2!48!/102342270I!8G!/!0?.26FK26!(008?7/42D0E>!
/36!4.2!+IJK8B25!2K2?40!48!52JK/?2!/3B!85!/KK!8G!4.2!V/?/426!.8F50>!4.2!+IJK8B25!97KK!G7504!8GG25!1B!J58J25!3847G7?/4783!
/36!1B!02378574B!4.2!I804!023785!(008?7/42D0E!73!4.2!62J/54I234!/K52/ 6B !83!4. 2!J8 042 6!9 8 5C!0?.26FK2!G85!4./4!6/B!/36!
./V73;!/!K/425!52J85473;!47I2!4.2!2/5K725!0?.26FK2!8G!.8F50=!!(0!/!520FK4!8G!4.70!J58?200>!7G!.8F50!/52!047KK!52aF7526>!4.2!
04852X0!I804!023785!(008?7/42D0E!985C73;!K200!4./3!27;.4!DfE!.8 F50 !83!4. 2!6/ BD0 E!97KK!12 !J58J 25KB !3847G726!1B!02378574B!/36!
8GG2526!4.2!/V/7K/1K2!.8F50!FJ!48!/36!73?KF673;!27;.4!DfE!.8F50=!
!
! M8KK8973;!J58J25!3847G7?/4783!/36!4.2!(008?7/42D0E!/??2J4/3?2 !85!52b2 ?4783 !8G!4. 2!?. /3 ;2>!4.2 !+IJK8B25!97KK!./V 2!4.2 !
57;.4!48!?/KK!73!84.25!(008?7/42D0E!/36@85!73?52/ 02!4. 2!.8 F 50!8G! (008?7/42D0E!/K52/6B!83!4.2!0?. 26 F K2!73!856 25!48 !4/C2 !?/52!
8G!4.2!+IJK8B25X0!1F073200!73!4.2!I804!2WJ267478F0!I/3325!J80071K2!/36!974.!/!I737IFI!8G!6705FJ4783!48!4.2!/K52/6B!
JK/3326!0?.26FK2=!!%892V25>!/3!(008?7/42!0./KK!384!12!81K7;/426!48!04/B!12B836!4.2!J25786!8G!47I2!74!52aF7520!G85!4.2!
32W4!023785!(008?7/42D0E!?/KK26!73!48!/557V2!/36!52J K/? 2!4.2 !/10 23 4! (008?7/42=!!&3!4.2!2V234 !38 !0F ?. !(008?7/42!70!/V/7K/1 K2 >!
4.2!K2/04!023785!(008?7/42!985C73;!0./KK!12!52aF7526!48!985C!4.2!32?200/5B!47I2!48!I/734/73!4.2!2GG7?7234!8J25/4783!8G!4.2!
04852=!!&4!70!F362504886!4./4!4.70!J/5/;5/J.!0./KK!384!81V7/42!4.2!J58V707830!8G!'2?47830!""="_!/36!""="Q!8G!4.70!
(;522I234=!
!
! $.2!K/3;F/;2!73!(547?K2!""="^!6820!384!/JJKB!48!A5F;@),!(008?7/420=!
!
""="_! (6674783/K!%8F50!R!(008?7/420!0./KK!524/73!4.2!57;.4!48!52GF02!?/KKR73!.8F50!/3 6!5 2G F0 2 !. 8F 50 !1 2 B8 3 6 !4. 2 !(008?7/42X0!
0?.26FK26!aF74473;!47I2>!2W?2J4!/0!J58V7626!73 !'2 ?4 78 3 !""="^!/18V2=!!%892V25>!73!4.2!2V234!4.2!+IJK8B25!G7360!74!
32?200/5B!48!/66!.8F50!48!4.2!985C!0?.26FK2>!6F2!48!?75?FI04/3?20!12B836!4.2!?83458K!8G!4.2!+IJK8B25>!/36!/KK!2GG8540!
./V2!1223!2W./F0426!48!8GG25!0F?.!/6674783/K!.8F50!1B!02378574B>!4.2!K2/04!0 2 3 78 5 !(008?7/42D0E!0./KK!4.23!12!52a F7526 !48!
52I/73!G85!38 4!I 852 !4./ 3!83 2!. 8F 5X0!98 5C!1 2B8 36 !4.2 75!0?.2 6F K26 !aF74473 ;!47I 2!J 58V76 26 !4.2B !/52!3 847G726 !49 8!D#E!. 8F 50!
J57850!48!4.275!aF74473;!47I2=!!&4!70!F362504886>!.892V25>!4./4!(008?7/420!I/B!V8KF34225!48!04/B!/6674783/K!47I2!73!2W?200!
8G!4.2!I737IFI!832!.8F5!52G25526!48!/18V2=!!
!
!
"Q!
! N.23!J58J25!3847G7?/4783!73V8KV20!42K2J.832!?/KK0>!0F?.!?/KK0!0./KK!12!K7I7426!48!/!484/K!8G!G7G4223!D"QE!I73F420!/36!I/62!
1B]!
/E $.2!L3783!'429/56>!7G!/4!985C!
!
1E $.2!(K4253/42!'429/56>!7G!/4!985C!
!
?E $98!D#E!I2I1250!8G!4.2!1/5;/7373;!F374!
!
! &4!70!F362 5 04886!4./ 4!5 2J K/ ? 2I234!. 8 F 50 !8 5!/ 6 6 7478 3 / K!. 8 F 5 0>!/ 0!J 5 8 V76 2 6 !G8 5 !73 !' 2? 478 3 0 !""="^!/36!""="_!/18V2>!97KK!384!
32?20074/42!4.2!J/BI234!8G!8V2547I2!/0!J58V7626!G85!2K029.252!73!4.70!(;522I234=!
!
! $.2!K/3;F/;2!73!(547?K2!""="_!6820!384!/JJKB!48!A5F;@),!(008?7/420=!
!
""="Q! '?.26FK73;!SV2547I2!R!'?.26FK26!8V2547I2!97KK!12!/007;326!83!4.2!1/070!8G!02378574B!974.73!4.2!?K/007G7?/4783!9.252!0F?.!
8V2547I2!70!322626=!!'F?.!0?.26FK73;!97KK!12!73!/??856/3?2!974.!4.2!J58V707830!8G!4.70!(547?K2=!
!
! -83R0?.26FK26!8V2547I2!0./KK!12!8GG2526!48!(008?7/420!9.8!/52!J520234KB!985C73;!/4!4.2!47I2!4.2!8V2547I2!8??F50!48!
(008?7/42D0E!83!4.2!1/070!8G!02378574B=!!&3!4.2!2V234!4.2!+IJK8B25!?/3384!G7KK!4.275!32260!1B!02378574B>!4.2!+IJK8B25!0./KK!
./V2!4.2!57;.4!48!52aF752!0F?.!(008?7/420!83!/3!73V2502!02378574B!1/070!48!985C!0F?.!383R0?.26FK26!8V2547I2!73!
/??856/3?2!974.!'2?4783!""="_!/18V2=!
!
! $.2!K/3;F/;2!73!(547?K2!""="Q!6820!384!/JJKB!48!A5F;@),!(008?7/420=!
!
""="`! M85!A5F;@),!(008?7/420]!!$.2!0?.26FK2!G85!'4/4F0!"!/36!'4/4F0!^!!A5F;@),!(008?7/420!0./KK!384!12!?./3;26!6F573;!4.2!
985C!922C!2W?2J4!73!?/02!8G!(008?7/42X0!/1023?2!8 5! 2 I25;23 ? B !1 2 B 8 36!4.2!? 83458K!8 G! 4. 2 !+IJK8 B 2 5= !!$ . 2!0?.26 FK2!G85!
'4/4F0!_!(008?7/420!I/B!12!?./3;26!1B!3847G7?/4783!48!4.2!(008?7/42!J5785!48!.70@.25!K2/V73;!.8I2!48!52J854!48!985C!G85!
[email protected]!0?.26FK26!985C!47I2=!!<K/7I0!/;/7304!4.2!985C!0?.26FK2!97KK!12!0F1I74426!73!957473;!/36!73747/K26!1B!/!I2I125!8G!
,/3/;2I234!85!/3!(008?7/42!08!6207;3/426!1B!,/3/;2I234!J5785!48!^]dd!J=I=!'/4F56/B!48!12!/!V/K76!;572V/3?2=!
!
! $.2!+IJK8B25!/;5220!48!?83473F2!48!52?8;37U2!02378574B!G85!J52G252347/K!6/7KB!985C!0.7G40![email protected]!J80071K2=!
!
""="P! +I25;23?B!<836747830!R!&3!?/02!/3 !(008?7/42!98FK6!K802!47I2!G58I!.70!0?.26FK2!G85!/!J/547?FK/5!922C!6F2!48!2I25;23?B!
?/F026!1B!5784>!?7V7K!6708 5625>!G752>!GK8 86>!85!84 . 2 5!( ? 4 !8 G!) 86>!/3B!/ 5 5/ 3 ; 2 I234!9 85C26!8 F 4!1 2 4 9223!4. 2 !L 3783!/3 6 !4 . 2 !
+IJK8B25!48!I/C2!FJ!/KK!85!J/54!8G!0F?.!K804!47I2!0./KK!12!V/K76!F3625!4.70!(;522I234=!N.23!985C!70!8GG2526!F3625!0F?.!
/55/3;2I234>!.2!I/B!/??2J4!0F?.!985C!85!52b2?4!74!/36!K802!4.2!47I2=!%892V25>!73!?/02!8G!5784!9.252!/!04852!IF04!12!
?K8026!/36!4.2!J8K7?2!85625!4.2!(008?7/420!48!V/?/42!4.2!04852>!/3B!(008?7/42!9.8!./0!384!?8IJK2426!.70!0?.26FK2!G85!
4./4!6/B!97KK!12!J/76 !G85!4.2 !1/K/ 3?2 !8G!.70!0?. 26 FK2 !G85!4./4!6/B=!
",!-)$%&.3/&7'$-0";&<',8&
"#="! O2;/K!%8K76/B0!R!$.2!G8KK8973;!0./KK!12!?830762526!.8K76/B0]!!-29!n2/5X0!A/B>!,2I857/K!A/B>!M8F54.!8G!lFKB>!O/185!A/B>!
$./3C0;7V73;!A/B>!/36!<.5704I/0!A/B=!!N.23!832!8G!4.202!.8K76/B0!G/KK0!83!/!'F36/B>!4.2!.8K76/B!0./KK!12!?2K215/426!83!
4.2!,836 /B !7II 2 67/ 42KB!G8KK89 73; =!
!
"#=#! Z25083/K!%8K76/B0!R!&3!/6674783!48!4.2!. 8 K76/B0!?/KK26!G85!73!'2 ?4 78 3 !" # =" >!/KK!(008?7/420!0./KK!52?27V2!498!J25083/K!6/B0!48!
12!4/C23!974.!,/3/;2I234j0!/JJ58V/ K!/ 36@85!0? . 2 6 FK26!73!/ ? ?856/3?2!974.!(547?K2!"^=_!D\/?/4783!'?.26FK73;E=!!<F55234!
,2/4!(008?7/420!73!A/B483!'48520!.7526!J5785!48!,/B!f>!#dd"!0./KK!524/73!/3!/6674783/K!J25083/K!6/B=!
! !
'4/4F0!"!/36!'4/4F0!^!A5F;@),!(008?7/420!.7526!J5785!48!lF32!_>!"efP!0./KK!./V2!07W4223!D"`E!.8F50!045/7;.4!47I2!/6626!48!
4.275!G7504!922C!8G!V/?/ 4783 !J/B =!!'4/4F0!_!A5F;@),!(008?7/420!.7526!J5785!48!lF32!_>!"efP!0./KK!./V2!G8F5!D_E!.8F50!
045/7;.4!47I2!/6626!48!4.275!G7504!922C!8G!V/?/4783!J/B=!
!
! Z25083/K!A/B0!/52!2/5326!/G425!832!B2/5!8G!?83473F8F0!025V7?2=!
!
!
"`!
"#=^! +K7;717K74B!G85!%8K76/B!Z/B!R!&3!/!92 2C !73 !9.7?.!832!8G!4.2 !/ 1 8 V2 !. 8 K76 / B0 !8 ? ?F 5 0>!/ !'4/4F0!"!/36!'4/4F0!^!(008?7/42!9.8!
985C0!.70!0?.26FK26!985C!6/B!12G852!/36!.70!0?.26FK26!98 5C26!6/B!/G425!4.2!.8K76/B!97KK!52?27V2!27;.4!DfE!.8F50!
045/7;.4R47I2!J/B!73!/6 674783 !48!4. 2!.8 F50!/ ?4F/ KKB!98 5C2 6=!!(10 23 ?2!6 F573; !/!.8 K76/B!922C!?/F026!1B!7KK3200!
0F104/347/426!1B!/!68?485X0!?2547G7?/42!85!/1023?2!/JJ58V26!73!/6V/3?2!1B!4.2!+I JK8B25>!0./KK!384!670aF/K7GB!4.2!
(008?7/42!G85!.8K76/B!J/B>!J58V7626!4. 2B!. /V 2!J2 5G85I26!08I 2!9 85C !73!4.2 !.8K76 /B!9 2 2C=!!'F ?. !68? 485X0!?2 547G7?/42 !I F 0 4!
12!J52023426!6F573;!4.2!922C!73!9.7?.!4.2!(008?7/42!524F530!48!985C=!!!
!
! &4!0./KK!38 4 !1 2!I/36/ 48 5 B!G8 5 !4. 2 !+ IJK8B25 !48 !52 a F 75 2!/ !6 8 ? 48 5X0 !?2 54 7G7?/ 4 2!73 !2 / ?. !/ 3 6 !2 V2 5 B!? /0 2 !7G!4. 2 !(008?7/42X0!'4852!
,/3/;25!./0!C389K26;2!8G!/3!7KK3200!D9.252 !4. 2 !(008?7/42!./0!J25G85I26!08I2!985C!73!4.2!.8K76/B!922CE!4./4>!73!4.275!
8J73783>!98FK6!I/C2!4.2!52aF752I234!8G!0F?.!?2547G7?/42!F332?200/5B=!
!
! (!'4/4F0!_!(008?7/42!9.8!./0!985C26!73!492KV2!D"#E!922C0!85!I852!0./KK!12!23474K26!48!.8K76/B!J/B!G85!4.2!.8K76/B0!
I23478326!73!(547?K2!"#>!'2?47830!"#="!/36!"#=#!/18V2>!J58V7626!4.2B!9252!0?.26FK26!G85!985C!73!4.2!.8K76/B!922C!/36!
985C26!4.275!0?.26FK26!.8F50!73!4.2!.8K76/B!922C=!
!
"#=_! <8IJF4/4783!8G!'4/4F0!_!%8K76/B!Z/B!R!%8K76/B!J/B!G85!'4/4F0!_!(008?7/420!0./KK!12!G7;F526!83!4.2!/V25/;2!.8F50!985C26 !
G85!4.2!G8F5!D_E!?83 02? F47V2 !9 22C 0!7I I 2 67/ 42KB!J52 ?2 673 ;!4.2 !.8 K76/B !92 2C !83 !4.2!G8 KK89 73; !1/ 070]!
&
%SO&A(n!%SL*'!NS*:+A&
%SO&A(n!Z(n&
#d!.8F50!85!K200!&
#!.8F50!
8V25!#d!.8F50!48!/36!73?KF673;!^d!.8F50!&
_!.8F50!
8V25!^d!.8F50!48!/36!73?KF673;!^#!.8F50!&
`!.8F50!
8V25!^#!.8F50! &
f!.8F50!
!
"#=Q! &3!/3B!?/ K2 3 6 / 5!922C!73!9 . 7? . !8 3 2 !8 G!4 . 2!. 8 K76/B0!I2 3 478 326!73!( 547? K2 !" #>!' 2 ?4 78 3 0!" # =" !/ 3 6 !" # =# !8 ?? F 50 >!4. 2 !1 / 07?!
045/7;.4R47I2!985C !92 2C !G85!'4/4F0!"!(008?7/420!0./KK!?830704!8G!4.754BR498!D^#E!.8F50!48!12 !9 85C2 6!73!G8 F5!D_E!6 /B0>!38 4!
32?200/57KB!?8302?F47V2>!2W?KF07V2!8G!4.2!.8K76/B=!!&3!0F?.!.8K76/B!922C0>!/KK!985C!73!2W?200!8G!4.754BR498!D^#E!.8F 50!85!
985C!83!4.2!G7G4.!DQ
4.
E!6/B>!2W?KF07V2!8G!4.2!.8K76/B>!0./KK!12!J/76!G85!/4!47I2!/36!832R./KG!D"!cE!G85!/KK!'4/4F0!"!(008?7/420!
83KB=!!
!
(KK!.8F50!985C26!73!2W?200!8G!G854B!D_dE!.8F50!97KK!12!J/76!/4!47I2!/36!832!./KG!D"!cE=!%8K76/B!J/B!0. / KK!38 4!1 2!? 8 30 76 252 6 !
47I2!985C26=!$.70!0./KK!/JJKB!48!/KK!'4/4F0!^!/36!'4/4F0!_!(008?7/420=!$.70!97KK!/JJKB!48!/KK!'4/4F0!"!(008?7/420!FJ83!IF4F/K!
/;522I234i=!
!
"#=`! +I25;23?B!<836747830!R!&3!4.2!?/0 2 !8 G!/ 3 !2I25;23 ? B!? /F 0 2 6 !1 B!G 752 >!GK8 8 6 !8 5!/ 3 !( ? 4!8 G!) 86>!4.2!+ I JK8B25!I / B!5 2 a F 20 4!
0F?.!(008?7/420!/0!74!622I0!32?200/5B!48!J25G85I!0F?.!985C!/0!I/B!12!32?200/5B=!!(008?7/420!97KK!12!J/76!/0!J58V7626!73!
(547?K2!e>!'2?4783!e=Q=!
!
"#=P! <.5704I/0!+V2!R!-8!(008?7/42!0./KK!12!52aF7526!48!985C!12B836!`]dd!J=I=!83!<.5704I/0!+V2!2W?2J4!73!?/020!8G!2I25;23 ?B=!!
(008?7/420!985C73;!12B836!`]dd!J=I =!73!?/020!8G!2I25;23?B!9 7KK!12!J/76!68F1K2!D#!47I20E!4.2!(008?7/42X0!045/7;.4R47I 2 !
.8F5KB!5/42!8G!J/B=!
! !
!
"P!
",!-)$%&.6/&4")"!-'*+&
"^="! \/?/4783!'?.26FK2!R!(008?7/420!97KK!12!23474K26!48!V/?/4783!J/B!1/026!FJ83!4.2!G8KK8973;!0?.26FK2]!
!
in2/50!8G!<83473F8F0!'25V7?2!
N22C0!\/?/4783!
"!B2/5!
"!922C!
^!B2/50!
#!922C0!
P!B2/50!
^!922C0!
"_!B2/50!
_!922C0!
"f!B2/50!
Q!922C0!
#Q!B2/50!
`!922C0!
!
! i<83473F8F0!025V7?2!0./KK!73?KF62!/KK!025V7?2!/0!/!'4/4F0!_!/36@85!'4/4F0!"!/36!'4/4F0!^!(008?7/42!974.8F4!/!152/C=!
&
"^=#! +K7;717K74B!G85!\/?/4783!R!+K7;717K74B!G85!/3!(008?7/42X0!G7504!V/?/478 3 ! D8 3 2 ! 922CE!/ 3 6 !G 8 5! / 3 B !73 ? 5 2 / 0 2 !73 !V / ? / 4 78 3 ! 9 7 KK!1 2!
62425I7326!1B!4.275!/337V250/5B!6/42=!!(55/3;2I2340!IF04!12!I/62!48!J25I74!(008?7/420!48!23b8B!0F?.!2/5326!V/?/47830!
1249223!4.2!/?4F/K!/337V250/5B!6/42!/36!4.2!236!8G!4.2!B2/5!73!9.7?.!74!8??F50=!!N.252!32?200/5B>!V/?/47830!6F2!73!4.2!
"#
4.
!/36!"^
4.
!J257860!I/B!12!?/55726!8V25!48!4.2!G7504!J25786!8G!3 2W 4!B 2/ 5= !
!
! (008?7/420!9.8!?8IJK2426!4.2!52aF 7526!025V7?2!J5785!48!l/3F/5B!"!8G!/3B!B2/5!/52!2K7;71K2!G85!V/?/47830!/0!8G!4./4!6/42=!
!
! (G425!/3!(008?7/42!./0!aF/K7G726!G85!4.2!/I8F34!8G!V/?/47830!/0!047JFK/426!73!'2?4783!"^="!/18V2>!4.2B!/F48I/47?/KKB!
aF/K7GB!G85!4./4!/I8F34!8G!V/?/4783!/0!8G!l/3F/5B!"!8G!2/?.!B2/5>!J58V7626!4.2!(008?7/42!./0!985C26!832!0?.26FK26!985C!
6/B!FJ!48!27;.4!DfE!.8F50!73!4./4!B2/5!974.!4.2!2W?2J4783!8G!(008?7/420!2K7;71K2!G85!4.2!524752I234!183 F0!8 F4K732 6!73!
(547?K2!"^=e=!
!
! O/B!SGG!'4/4F0!R!(008?7/420!9.8!/52!83!K/B8GG!85!83!K2/V2!8G!/1023 ?2 !/ 4!4. 2 !2 3 6!8 G!/ !? /K2 3 6 / 5!8 5!/3 3 7V 25 0/ 5B !B2 /5 !9 7KK!3 8 4!
12!23474K26!48!V/?/4783!/36!V/?/4783!J/B!G85!025V7?2!G85!0/76!B2/5!F347K!4.275!524F53!48!985C=!!$.275!V/?/4783!97KK!12!0F1b2?4!
48!4.2!526F?4783 0!8F 4K7326 !F3 62 5!J/5/ ;5/J . !"^=`=!
!
"^=^! <8IJF4/4783!8G!\/?/4783!Z/B!R!$.2!922CKB!5/42!8G!J/B!G85!V/?/4783!JF5J8020!97KK!12!62425I7326!/0!G8KK890]!
!
(!'4/4F0!"!85!'4/4F0!^!(008?7/42!9.8!./0!985C26!G854B!D_dE!.8F50!73!/4!K2/04!G854B!D_dE!922C0>!85!9.8 !9/ 0!38 4!K/76!8 GG!G85!
I852!4./3!4.754B!D^dE!985C73;!6/B0!6F573;!4.2!/337V250/5B!85!?/K236/5!B2/5!73!9.7?.!4.275!V/?/47830!9252!2/5326>!97KK!12!
J/76!4.275!?F55234!045/7;.4R47I2!2/5373;0!G8 5!4.275!52; FK/5KB!0?. 26 FK2 6!9 85C !92 2C=!!&3!6 2 42 5I7373;!9.24.2 5!/ 3 !(008?7/42!
./0!985C26!G854B!D_dE!85!I852!922C0!83!/!G854B!D_dE!.8F5!1/070>!?8F34!922C0!384!985C26!12?/F02!8G!J/76!V/?/4783!85!
/JJ58V26!K2/V2!8G!/1023?2!D73?KF673;!07?C!K2/V2E!/0!922C0!985C26=!
!
$.2!922CKB!V/?/4783RJ/B!8G!/!'4/4F0!"!85!'4/4F0!^!(008?7/42!9.8!985C26!83!/!'4/4F0!"!85!'4/4F0!^!1/070!D/0!62G7326!
/18V2E!73!G2925!4./3!G854B!D_dE!922C0>!85!9.8!9/0!K/76!8GG!G85!I852!4./3!4.754B!D^dE!985C73;!6/B0!73!4.2!B2/5>!97KK!12!
?8IJF426!/4!4.275!?F55234!045/7;.4R47I2!.8F5KB!5/42!G85!4.2!/V25/;2!3FI125!8G!.8F50!J25!922C!4.2B!985C26!6F573;!4.2!
/337V250/5B!85!?/K236/5!B2/5!73!9.7?.!4.2!V/?/4783!9/0!2/5326=!!$8!62425I732!4.2!/V25/;2!3FI125!8G!.8F50!985C26!J25!
922C>!67V762!4.2!484/K!.8F50!985C26!6F573;!4.70!/337V250/5B!85!?/K236/5!B2/5!1B!4.2!3FI125!8G!922C0!73!4.2!B2/5[!
2W?KF62!G58I!4.70!67V7085!4.2!922C0!8GG!4.2!b81!12?/F02!8G!J/76!V/?/47830>!07?C!K2/V20>!85!84.25!/F4.857U26!K2/V2!8G!
/1023?2=!
!
(!'4/4F0!_!(008?7/42!97KK!12!23474K26!48!V/?/4783!F3625!4.2!0/I2!;2325/K!5FK20!/0!G85!/!GFKKR47I2!(008?7/42[!/36!J/54R47I2!
V/?/47830!97KK!12!G7;F526!83!4.2!3FI125!8G!.8F50!985C26!73!4.2!B2/5!73!9.7?.!4.2!V/?/4783!70!2/5326!67V7626!1B!G7G4BR498!
DQ#E=!!&G!/!.8K76/B!8??F 50!6F 573; !/! '4/4F0!_!(008?7/42X0!V/?/4783 >! 4. 2 B !0 . / K K!52 ? 2 7 V2 !045/7;.4R47I2!J/B!73!/66 74783!48 !4.275!
V/?/4783!J/B!G85!0F?.!922C!/0!04/426!73!(547?K2!"# =_!D<8IJF 4/4783 !8G!% 8 K76/B !Z/BE =!
!
! \/?/4783!J/B!97KK!12 !J / 76 !9 74. !4 .2 !(008?7/42X0!K/04!J / B ? . 2 ? C !J 57 8 5! 48 !4 . 2 !V / ? / 47 8 3 !922C=!
!
"^=_! '?.26FK73;!\/?/4783!R!<.87?2!8G!V/?/4783!6/420!97KK!12!;5/3426!83!4.2!1/070!8G!02378574B!1B!?K/007G7?/4783!D<K25C>!MK85/K!
(44236/340>!'/K/6!Y/5!<K25C0>!'/?C25@</55B8F4>!A2I83045/4850>!O7aF 85!' .8 J!< K25C0>!, 2 /4!A 2J /54I 2 34!D9 .7? .!0. /KK!
!
"f!
73?KF62!l8 F 53 2 B I23!/36!,2/4!<K25C0>!/36!A2K7!<K25C0E>!2W?2J4!4./4!4.2!+IJK8B25!52025V20!4.2!57;.4!48!;5/34!V/?/47830!48!
/3B!(008?7/42!9.23!/1023?2!97KK!K2/04!/GG2?4!4.2!8J25/4783!2W?2J4!G85!4.2!G8KK8973;!048520!97KK!12!6832!1B!02378574B!
974.73!4.2!;58?25B!;58FJ!m!'4852!o^d"=!
!
! $.2!+IJK8B25!97KK!J804!/!V/?/4783!0?.26FK2!73!2/?.!04852!2GG2?47V2!A2?2I125!"!8G!2/?.!B2/5=!!$.2!(008?7/420!97KK!2W25?702!
4.275!J52G2523?2!1B!M215F/5B!"!8G!2/?.!B2/5=!!(!?8IJK242!V/?/4783!0?.26FK2!0./KK!12!J80426!73!2/?.!04852!974.73!G7G4223!
D"QE!6/B0=!!\/?/478 3 !6/42 0!G85! (008?7/420!7367?/473;!4.275!J52G2523?2!97KK!12!0?.26FK26!1B!4.2!+IJK8B25=!!S3?2!G73/K7U26>!
38!(008?7/42!97KK!12!J25I74426!48!?./3;2!4.275!V/?/4783!/4!4.2!2WJ2302!8G!/384.25!(008?7/42X0!0?.26FK2 6 !V / ? / 4783=!!
(008?7/420!97KK!12!/KK8926!48!4/C2!/!I/W7IFI!8G!4.522!D^E!?8302?F47V2!922C0!V/?/4783 !6F573;!4.2!0FI I 25!7G!08!2K7;71K2>!
J58V7626!GF54.25>!4./4!4.2!+IJK8B25!97KK!52?8;37U2!/6674783/K!?8302?F47V2!922C0!6F573;!4.2!0FII25!V/?/4783!J25786!
9.23!(008?7/42D0E!?/3!V257GB!/6674783/K!?830 2?F 47V2!9 2 2C0 !/52!52a F 7526=!
!
! \/?/47830!IF04!12!4/C23!6F573;!4.2!?/K236/5!B2/5!F3K200>!6F2!48!/3!2I25;23?B>!4.2!,/3/;2I234!G7360!74!32?200/5B!48!
52aF204!J804J 83 2I234=!
!
! -8!(008?7/42!0./KK!12!J25I74426!48!4/C2!J/B!73!K72F!8G!V/?/4783!F3K200!.2!./0!4.522!D^E!922C0!85!I852!8G!V/?/4783!/36!70!
2K7;71K2!48!02KK!74!/0!8F4K7326!12K89=!
!
! (008?7/420!J25G85I73;!985C!6F573;!4.275!0?.26FK26 !V/?/4783!97KK!52?27V2!68F1K2!47I2!D#!47I20E!4.275!5/42!8G!J/B!G85!/KK!
.8F50!985C26!6F573;!0?.26FK26!V/?/4783!F3K200!IF4F/KKB!/;5226!FJ83=!
!
! (008?7/420!I/B!4/C2!V/?/47830!12;73373;!73!4.2!I766K2!8G!4.2!922C!/36!23673;!73!4.2!I766K2!8G!4.2!G8KK8973;!922C=!
!
! (008?7/420!974.!4.522!D^E!85!I852!922C0!8G!V/?/4783!I/B!2K2?4!48!0?.26FK2!832!D"E!922C!8G!V/?/4783!/!6/B!/4!/!47I2=!!
(008?7/420!IF04!3847GB!4.2!'4852!,/3/;25!8G!4.275!620752!48!0?.26FK2!4.70!922C!8G!V/?/4783!6/B0!/4!4.2!47I2!8G!V/?/4783!
02K2?4783=!!$.2!7367V76F/K!6/B0!97KK!12!0?.26FK26>!1B!IF4F/K!/;522I234>!48!12!4/C23!,8 36/ B!4.58F;. !$.F506/ B!1B!
S?48125!^"!8G!2/?.!B2/5=!!L3F026!6/B0!/0!8G!S?48125!^"!97KK!12!0?.26FK26!/4!4.2!670?524783!8G!4.2!+IJK8B25>!9.7?.!97KK!
12!6832!1B!B2/5R236=!
!
! (3B!(008?7/42!9.8!70!2K7;71K2!G85!/4!K2/04!G8F5!D_E!922C0!8G!V/?/4783!85!I852!I/B!H02KKH!V/?/4783!922C0!/0!G8KK890]!
(008?7/420!2K7;71K2!G85!G8F5!D_E!922C0!V/?/4783!I/B!02KK!832!D"E!922C!8G!V/?/4783=!!(008?7/420!2K7;71K2!G85!G7V2!DQE!922C0!
/36!07W!D`E!922C0!8G!V/?/4783!I/B!02KK!FJ!48!498!D#E!922C0!8G!V/?/4783=!!$.2!H02KK73;H!8G!V/?/4783!922C0!0./KK!12!/4!4.2!
(008?7/42X0!8J4783!83KB!/36!IF04!12!0F1I74426!48!'4852!,/3/;2I234!9.23!V/?/4783!02K2?47830!/52!6F2!/0!8G!M215F/5B!"!
8G!2/?.!B2/5=!
!
"^=Q! %8K76/B!S??F5573;!AF573;!\/?/4783!R!&G!83 2 !8 G!4 . 2!. 8K76/B0!02 4!G8 5 4. !73 !( 5 47? K2!" # >!' 2? 478 3 0 !" # =" !/36!"#=# !8 ?? F 50 !6 F 573 ; !
/3B!922C!8G!/3!(008?7/42X0!V/?/4783 >!4.2B!0./ K K!52 ? 2 7V 2 ! . 8 K76/B!J/B !/0!045/7;.4R47I2!/0!024!G854.!73!(547?K2!"#!8G!4.70!
(;522I234>!73!/6674783!48!4.275!V/?/4783!J/B!G85!0F?.!922C=!
!
"^=`! +GG2?40!8G!O2/V20!83!\/?/4783!Z/B!R!O2/V20!8G!37324B!DedE!6/B0!85!K200!73!/3B!?/K2 3 6 /5 !B2 / 5!0. / KK!3 8 4!/ GG2 ?4 !V/ ?/ 478 3 =!!( 3 B !
4BJ2!8G!K2/V20!484/ K73;!I 852 !4./3 !373 24B!Ded E!6/B 0!73!/!?/K2 36 /5!B2 /5!0./ KK!./V2 !4.2!G8 KK89 73;!2GG2 ?4!FJ 83 !V/? /4783 !
2/5326!73!4./4!B2/5]!
!
! O2/V20!8G!I852!4./3!37324B!DedE!6/B0!1F4!384!8V25!"fd!6/B0!0./KK!526F?2!V/?/4783!/36!V/?/4783!J/B!1B!832RG8F54.!DpE[!
K2/V20!8G !I 8 52 !4 ./ 3 !" f d !6/ B 0!1 F 4!3 8 4!8 V 2 5!# Pd !6 / B0 !0 ./ KK!52 6 F ?2 !V/ ? /4 78 3 !/3 6 !V/ ? /4 78 3 !J/ B !1 B!8 3 2 R./KG!DcE[!K2/V20!8G!
I852!4./3!#Pd!6/B0!0./KK!670aF/K7GB!G85!V/?/4783!/36!V/?/4783!J/B=!!D$.2!/1 8 V2 !3 73 24 B!De d E!6 / B0 !0. / KK!1 2 !/I23626 !4 8 !"# d !
6/B0!73!4.2!2V234!8G!/!K2/V2!8G!/1023?2!6F2!48!7KK3200>!83!85!8GG!4.2!b81!73bF5B!85!J52;3/3?B!K2/V2=E!!(008?7/420!97KK!12!
0?.26FK26!4.2!3FI1 25!8G!922C0!V/?/4783!2/532 6!1B!4.275!<8I J/3 B!K23; 4. !8 G!02 5V 7?2 !/ 4!52 6 F ?2 6 !J /B =!!(008?7/420!/4!4.275!
52aF204!I/ B!526 F? 2!4.2 75!V/?/ 4783 !47I 2!08!4. /4!4.2 B!68 !38 4!0FGG2 5!/!526F ?478 3!8 G!4.275!9 22 CKB!J/ B!974.!4.2!/;522I234!8G!
4.2!'4852!,/ 3/ ;2 5=!
!
"^=P! \/?/4783!G85!(008?7/420!*24F5373;!G58I!,7K74/5B!O2/V2!R!\/?/4783!G85!(008?7/420!974.!832!B2/5!85!I852!8G!?83473F8F0!
025V7?2!/0!/!'4/4F0!"!85!'4/4F0!^!(008?7/42>!9.8!524F 5 3 0!4 8 !: 58;25!2IJK8BI234!G58 I!I7K74/ 5B !K2 / V 2 !974.73!3 73 2 4 B!D e d E!6 / B 0 !
/G425!670?./5;2!G58I!4.2!(5I26!'25V7?20!0./KK!12!/0!G8KK890]!
!
"e!
!
/E <83473F8F0!025V7?2!/0!'4/4F0!"!85!'4/4F0!^!(008?7/42!73?KF620!4 7I 2 !8 3 !I7K74/5B!K2/V 2!8 G!/ 1 0 23 ? 2= !
!
1E $.802!9.8!524F53!48!:58;25!025V7?2!/36!4.252/G425!985C!G85!37324B!DedE!6/B0!85!I852 !12G8 52!4. 2!23 6!8 G!4 .2!B2/5!/52!
2K7;71K2!G85!V/?/4783!73!4./4!B2/5!1/026!83!4.275!K23;4.!8G!?83473F8F0!025V7?2!/0!62G7326!/18V2=!
!
?E $.802!9.8!68!384!524F53!2/5KB!238F;.!73!4.2!B2/5!48!12!2IJK8B26!37324B!DedE!6/B0!/52!384!2K7;71K2!G85!/!V/?/4783!73!
4./4!B2/5>!1F4!/52!2K7;71K2!G8 5!/!V/?/ 4783 !73!4.2 !32W 4!?/K23 6/ 5!B2/ 5!FJ 83 !?8IJK24783!8G!373 24B!Ded E!6/ B0!8G!
2IJK8BI234!G8KK8973;!4.275!524F53!G58I!I7K74/5B!K2/V2!8G!/1023?2=!
!
"^=f! +GG2?40!8G!$25I73/4783!83!\/?/4783!Z/B!R!&G!/3B!(008?7/42!9.8!./0!384!4/C23!4.275!V/?/4783!2/5326!1B!4.275!025V7?2!K2/V20!
D52;/56K200!8G!9 . 24. 25!4.2 B!;7V2 !38 47?2E >!;820!7348!I7K74/5B!025V7?2>!85!70!02J/5/426!G85!/3B!52/083!84.25!4./3!670.83204B>!
4.2B!97KK!52?27V2!4.275!V/? /4783 !J/ B!/4!4.2 !47I2 !8G!K2/V 73;=!
&
"^=e! !*24752I234!Y83F0!R!(008?7/420!974.!49234B!D#dE!85!I852!B2/50!8G!?83473F8F0!025V7?2!9.8!/52!2K7;71K2!48!524752!97KK!
52?27V2!/!524752I 23 4!18 3F 0=!$.70!1 83 F0 !97KK!38 4!?8F 34!/0 !47I2 !9 85C2 6[!38 !84. 25!?8 345/ ?4F /K!81 K7;/478 30!9 7KK!/JJ KB!48!4. 70!
183F0=!!
!
$.70!183F0!97KK!12!?/K?FK/426!/0!G8KK890]!!4.2!3F I125!8G!V / ?/ 478 3 !922C0!/0!62425I7326!1B!B2/50!8G!025V7?2!67V7626!1B!Q#>!
47I20!4.2!3FI 1 25!8 G!92 2C0 !98 5C26 !73!4.2 !524752I 2 34!B2/ 5>!2aF /K!4.2 !3F I 12 5!8G!9 22C 0!8G!4.70!1 83 F0=!$. 2!9 22 CKB!
J/BI234!70!2aF/K!48!4.2!?F55234!.8F5KB!5/42>!47I20!4.2!/V25/;2!.8F50!J25!922C!D384!48!2W?226!_ d!.8 F50E!73 !4.2!
524752I234!B2 /5=!
",!-)$%&.9/&*-57 !&+7-(!&1,'4-+-'*+&
"_="! (!-7;.4!'.7G4!(008?7/42!0./KK!12!62G7326!/0!/3B!(008?7/42!9.8!70!0?.26FK26!73!/!I/3325>!9.7?.!52aF7520!4.2!3 7;.4!0. 7G4!
.8F5KB!J52I7FI!0J2?7G726!73!(547?K2!e>!'2?4783!e=`!8G!4.70!(;522I234=!
!
! M85!4.802!-7;.4!'.7G4!(008?7/420!9.802!04/5473;!47I2!?8II23?20!/4!e]dd!J=I=!85!/G425>!4.2!J58V707830!8G!(547?K2!e>!'2?4783!
e=#!0./KK!384!/JJKB=!
!
"_=#! $5/30G250!48!A/B!'.7G4!R!-7;.4!'.7G4!(008?7/420!974.!832!B2/5!85!I852!8G!025V7?2!/0!/!37;.4!0.7G4!(008?7/42>!9.8!?2547GB!73 !
957473;!8G!4.275!620752!G85!6/B!0.7G4!985C>!97KK!12!/007;326!0F?.!985C!974.73!4.275!04852!83!4.2!1/070!8G!02378574B>!1F4!384!
48!2W?226!83 2!0F ?.!(008?7/42!2/?.!37324B!DedE!6/B0=!!(008?7/42D0E!974.73!4.2!04852!I/B !V8KF 342 25!48!G7KK!4.2!V/ ?/ 3?B !1B!
02378574B=!!%892V25>!7G!(008?7/42D0E!68!384!V8KF3422 5!G85!0F ?. !V/?/ 3? B>!4.23 !4.2 !K2/04!02 378 5! '4/4F0!"!85!'4/4F0!^!
(008?7/42>!974.73!4.275!520J2?47V2!?K/007G7?/4783!974.73!4.2!04852!I/B!4.23!12!/007;326!48!G7KK!4.2!V/?/3?B!83!4.2!37;.4!
0.7G4=!
!
"_=^! *7;.4!48!$5/30G25!R!N.23!/!04852!670?83473F20!/!H37;.4!0.7G4>H!4.2!%2/6!-7;.4!O2/6!<K25C!I/B!670JK/?2!4.2!K2/04!023785!
%2/6!-7;.4!O2/6!<K25C!974.73!4.2!A70457?4=!!$.2!670JK/?26!%2/6!-7;.4!O2/6!<K25C!./0!4.2!8J4783!8G!52I/7373;!73!4.275!04852!
85!/??2J473;!/!45/30G25!48!4.2!04852!G58I!9.7?.!4.2!329!%2/6!-7;.4!O2/6!<K25C!9/0!J52V78F0KB!/007;326=!
!
"_=_! S4.25!Z58V707830!R!-7;.4!'.7G4!(008?7/420!97KK!12!/KK8926!48!K2/V2!4.2!04852!6F573;!4.2!I2/K!J25786=!
!
"_=Q! $.2!+IJK8B25!IF04!6207;3/42!/3!(008?7/42!/0!%2/6!-7;.4!O2/6!<K25C!9.232V25!4.522!D^E!85!I852!?K25C0!/52!0?.26FK26!
G85!37;.4!0.7G4!F3K2 00!/!?K/007G726 !A2J/54I234!%2/6@(00704/34!A2J/54I234!%2/6!70!0?.26FK26 !G8 5!4. 2 !3 7; .4 !0. 7G4 >!/0 !
62G7326!73!'2?4783!"_="!8G!4.70!(547?K2=!
!
! &G!0F?.!(008?7/42!70!6207;3 /4 26 !/ 0 !%2/6!-7;.4!O2/6!<K25C!G85!G7G4B!J25?234!DQdgE!85!I 8 52!8 G!4.275!9 8 5C7 3;!.8F50!73!/3B!
922C>!4.2B!97KK!52?27V2!4.2!/JJK7?/1K2!5/42!G85!4.2!GFKK!922C=!!&G!0F?.!(008?7/42!70!6207;3/426!/ 0 !%2/6!-7;.4!O2/6!<K25C!G85!
K200!4./3 !G7G4 B!J 2 5? 23 4!D Qd gE!8G!4.275!985C73;!. 8 F 50 !73!/ 3 B !9 2 2C >!4. 2 B!0 . /KK!52 ? 27V 2 !4. 2 !/J J K7?/ 1 K2 !5/ 42 !8 G!J/ B!83 KB!G8 5!
4.802!.8F50!G8 5!9. 7?. !4.2B !/52!62 07;3/ 426 =!!%89 2 V2 5>!74!70!F3625048 86 !4./ 4!4.2!+IJK8B25!/4!4.275!670?52 4783 !I/ B!/007;3 !/!
A2J/54I234!%2/6!73!4.2!04852!48!0F J2 5V 702 !4. 2 !3 7; .4 !0. 7G4 =!!'F ? . !A2J/54I234!%2/6!97KK!12!J/76!/!37;.4!0.7G4!J52I7FI!8G!
832!68KK/5!Dk"=ddE!J25!.8F5!/??85673;!48!4.2!J58V707830!8G!(547?K2!e=`!8G!4.70!(;522I234=&
!
#d!
",!-)$%&.=/&+%*-',-!;&
"Q="! (JJK7?/4783!R!&3!K/B R8GG0>!52?/KK0>!45/30G250>!0?.26FK73;!/36!4.2!526F?4783!8G!.8F50>!4.2!J573?7JK2!8G!02378574B!0./KK!/JJKB=!!&3!
4.2!I/4425!8G!J58I847830>!4.2!+IJK8B25!0./KK!./V2!4.2!57;.4!48!2W25?702!4.275!G73/K!bF6;I234!/G425!;7V73;!6F2!52;/56!48!
02378574B=!!$.70!0./KK!384!J52?KF62!4.2!L3783!G58I!aF20478373;!4.58F;.!4.2!)572V/3 ?2!(51745/4783!Z58?26F 52!9.2 4.25!85!
384!4.2!+IJK8B25!./0!;7V23!6F2!52;/56!48!02378574B=!
!
!!!!!!!!!!!!!!!(008?7/420!J58I8426!0./KK!12!;7V23!FJ!48!/!37324B!DedE!6/B!1F4!384!K200!4./3!4.754B!D^dE!6/B!152/CR73!J2 578 6 !48 !G/ I7K7/57U2!
4.2I02KV20!9 74.!4. 2!b81 !6F 4720!1B!9 . 7?.!47I 2!4.2 !(008?7/420!97KK!12!52aF7526!48!J25G8 5I!4.2!b81 !/ 4!/ !0/ 470 G/ ?48 5 B!K2 V2 K=!!
&G>!G85!bF047G7/ 1 K2 !52 /0 8 3 0 >!4. 2 !+IJK8B2 5!4 . 73 C0 !/3!(008?7/42!?/3384!J25G85I!4.2!b81!/4!/!0/470G/?485B!K2V2K>!4.2!(008?7/42!
0./KK!12!524F5326!48!.70!85!.25!857;73/K!?K/007G7?/4783=!
!
! -8!A2J/54I234!%2/6!97KK!12!45/30G25526!F3K200!4.2B!/52!;7V23!832!D"E!922Cj0!3847?2=!
!
"Q=#! A2425I73/4783!R!M85!4.2!JF5J802!8G!K/BR8GG0>!52?/KK0>!45/30G250>!0?.26FK73;>!/36!4.2!526F?4783!8G!.8F50>!4.2!L3783!o"!
02378574B!6/42!0./KK!/JJKB=!!$.2!L3783!o"!02378574B!6/42!0./KK!12!62425I7326!/0!G8KK890]!
M85!'4/4F0!"!/36!'4/4F0!^!(008?7/420>!L3783!o"!02378574B!6/42!0./KK!12!4.2!(008?7/42X0!/6bF0426 !0 2 3 7 8 57 4B !6 / 4 2 !/ 0 !
62425I7326!73!4.2!02378574B!;58FJ0!1 2K89 !85!.70!6/42!8G!2345/3?2!7348!4.2!1/5;/7373;!F374!7G!.2!70!/!GFKKR47I2!(008?7/42!
9.23!.2!234250!4.70!1/5;/7373;!F374=!
!
M85!'4/4F0!_!(008?7/420>!4.2!L3783!o"!6/42!0./KK!12!4.275!I804!52?234!6 /42 !8G!.752=!!(!'4/4F0!_!(008?7/42!9.8!aF/K7G720!G85!
'4/4F0!"!85!'4/4F0!^!0./KK!./V2!.70!02378574B!6/42!/0!/!'4/4F0!"!85!'4/4F0!^!(008?7/42!62425I7326!83!4.2!1/070!8G!832!
922CX0!?52674!G85!2/?.!498!D#E!922C0!8G!'4/4F0!_!985C=!!$.2!L3783!o"!02378574B!6/42!73!4.70!?/02!97KK!12!4.70!/6bF0426!6/42=!
!
&3!4.2!2V 2 3 4!4. 2 !+ IJK8B25 !45/ 3 0 G2 50 !/3 !(008?7/42!G58I!/3B!84. 25 !04852!85!F3 74!9.7?.!70!384!?8V2526!1B!4.70!1/5;/7373;!
F374>!0F?.!(008?7/42X0!L3783 !o"!0237 8 57 4B !6 / 4 2 !0 . / KK! 1 2 !4 . 2 75 !6 / 42 !8G!2342573;!4.70!1/5;/7373;!F374!G85!4.2!JF5J8020!8G!K/BR
8GG0>!52?/KK0>!45/30G250>!J58I847830>!4.2!0?.26FK73;!8G!.8F50>!9.7?.!0./KK!73?KF62!'F36/B!/36!.8K76/B!985C=!
!
(3B!M886 (008?7/42!.7526!/G425!A2?2I125!"">!"efe>!/36!/3B!A5F;@) ,!(008?7/42!FJ83!IF4F/K!/;522I234i!1249223!4.2!
(008?7/42!/36!,/3/;2I234>!I/B!12 !4 5/ 3 0 G2 55 2 6 !1 2 4 9 2 2 3 !0 2 3 78574B!;58FJ0!?8V 2 52 6 !1 B !4 . 70 !( ; 52 2 I234!/3 6!524/73!/ K K!
02378574B=!!(3B!0F?.!45/30G25!98FK6!12!0F1b2?4!48!/!4.754B!D^dE!6/B!H457/K!J25786H!/3 6 !?8 F K6 !1 2 !520 ?73 6 2 6 !1 B!2 74. 2 5!4. 2 !
(008?7/42!85!4.2!+IJK8B25!6F573;!4./4!47I2=!!(3B!(008?7/42!7342520426!73!4 5/ 3 0G2 5573 ; !48 !/ 3 8 4. 2 5!02 3 78 574B !;5 8F J >!/ 0!
8F4K7326!73!4.70!'2?4783>!0.8FK6!I/C2!0F?.!620752!C3893!73!957473;!48!4.2!'4852!,/3/;25!974.!/!?8JB!48!4.2!L3783!
'429/56=!!&3!85625!48!J 58 V76 2 !?F 048 I25!025V7?2 !73 !/3 !2W 452 I 2 !074F / 478 3 >!4.2 !+ I J K8 B2 5!I/B!F47K7U2!/ 3B !0F ?. !(008?7/420!48!
985C!73!/3B!84.25!62J/54I234=!!$.2!+IJK8B25!52?8;37U20!4./4!/KK!.8F50!IF04!12!I/W7I7U26!974.73!/!62J/54I234!12G852!
2W25?7073;!4.70!8J4783=!
!
+K7;717K74B!G85!.8K76/B0!/0!J58V7626!73!(547?K2!"#>!/36!V/?/47830!/0!J58V7626!73!(547?K2!"^!85!/3B!84.25!1232G740!/0!J58V7626!
G85!73!4.70!(;522I 2 34!0. /KK!12 !1/ 026 !FJ 83 !4.2 ! (008?7/42X0!K23;4. !8 G ! 2I JK8BI234!974.!4.2!+IJK8B25=!
!
&G!498!D# E!8 5!I852!(008?7/420!./V2!4.2!0/I2!02378574B!6/42>!4.2!(008?7/42!./V73;!4.2!K89204!08?7/K!02?F574B!3FI125!0./KK!
12!?830762526!48!./V2!4.2!;52/4204!/I8F34!8G!02378574B=!!$.70!J/5/;5/J.!0./KK!/JJKB!48!,2/4!(008?7/420!.7526!/G425!
A2?2I125!"">!"efe=!!+04/1K70.26 !02 378 574 B!6 /4 20 !G85 !,2/4!(008?7/420!.7526!J5785!48!A2?2I125!"">!"efe!D73747/K!8G!4.2!K/04!
3/I2E!0./KK!04/B!4.2!0/I2>!J58V7626!4.2B!52I/73!73!4.275!02378574B!;58 F J=!! $.70!J/5/;5/J.!0./KK!/JJKB!48!A5F;@),!
(008?7/420!.7526!/G425!'2J42I125!"">!"eed=!!+04/1K70.26!02378574B!6/420!G85!A5F;@),!(008?7/420!.7526!J5785!48!'2J42I125!
"">!"eed!D73747/K!8G!4.2!K/04!3/I2E!0./KK!04/B!4.2!0/I2>!J58V7626!4.2B!52I/73!73!4.275!02378574B!;58FJ=!
!
-8!(008?7/42!0./KK!/?aF752!/3B!02378574B!57;.40!F347K!4.2B!./V2!1223!73!4.2!1/5;/7373;!F374!07W4B!D`dE!?/K236/5!6/B0!/36!
J58V7626!GF54.25!4./4!4.275!02378574B!6/42!/G425!07W4B!D`dE!?/K236/5!6/B0!97KK!52V254!48!4.275!I804!52?234!6/42!8G!.752!85!48!
4.2!6/42!4.2!(008?7/42!2342526!4.2!1/5;/7373;!F374=!
!
! $.252!0./KK!12!4.522!D^E&02J/5/42!02378574B!;58FJ0!/0!G8KK890]!
!
! )58FJ!(!R!,2/4!!!
!
#"!
A2J/54I2340]!,2/4@'2/G886>!A2K7@Y/C 2 5B !!
<K/007G7?/47830]!!
! ,2/4]!,2/4!A2J4=!,;5=>!(004=!,2/4!A2J4=!,;5=>!l8F532BI/3>!,2/4!<K25C!!
'2/G886@'25V7?2!,2/4]!O2/6!'2/G886!<K25C>!'2/G886@<F048I25!'25V7?2!(44=!
! A2K7@Y/C25B]!A2J4=!%2/6>!(004=!A2J4=!%2/6>!<.2202I/0425>!O732!<88C>!O2/6!Y/C25>!<K25C!!
! <8GG22!'.8J]!!O2/6!<8GG22!'.8J>!<8GG22!'.8J!<K25C!
! ! !
)58FJ!Y!R!)58?25B!!
A2J/54I2340]!)58?25B@A/75B@M58U23>!Z586 F ? 2 >!M 58 34R+36>!A2I83045/485>!O7aF85!'.8J>!MK885!,/73423/3?2!
<K/007G7?/47830]!!
)58?25B]!!A2J4=!%2/6>!-7;.4!O2/6!<K25C>!<K25C&
Y/?C!A885]!O2/6!Y/?C!A885!*2?27V25!
A/75B]!A2J4=!%2/6>!<K25C!
M58U23!M886]!!A2J4=!%2/6>!<K25C!
Z586F?2]!!A2J4=!%2/6>!(004=!A2J4=!%2/6>!-F4574783!O2/6>!-F4574783!<K25C>!<K25C!
MK85/K]!!O2/6&MK85/K!(44236/34>!MK85/K!(44236/34!
'/K/6!Y/5]!!O2/6!'/K/6>!'/K/6!Y/5!<K25C!
M5834R+36]!A2J4=!%2/6>!(004=!A2J4=!%2/6>!<K25C>!'/?C25@</55B8F4!
M7K2!,/73423/3?2]!O2/6!M7K2!,/73423/3?2!<K25C!
MF2K!<23425]!O2/6!MF2K!<K25C>!MF2K!<23425!<K25C!
A2I83045/485]!A2I83045/485!
! O7aF85!'.8J]!!O2/6!O7aF85!<K25C>!O7aF85!'.8J!<K25C!
! MK885!,/73423/3?2]!MK885!,/73423/3?2!<K25C!
!
)58FJ!<!R!A5F;@),!
A2J/54I2340]!A5F;@), !
<K/007G7?/47830]!
! A5F;@),]!%2/6!A5F;@),!<K25C>!(00704/34!%2/6!A5F;@),!<K25C>!A5F;@),!<K25C!
!
'2378574B!0./KK!12!2W25?7026!1B!(008?7/420!K70426!73!)58FJ0!(>!Y>!/36!<!/18V2!/0!G8KK890]!
R '4/4F0!">!'4/4F0!^>!/36!'4/4F0!_!974.73!4.2!04852!
R N74.73!4.2!520J2?47V2!02378574B!/52/!
R (6b87373;!02378574B!/52/!974.73!4.2!0/I2!A70457?4!
R $.2!04852!73!4.2!A70457?4!?K80204!48!4.2!(008?7/42X0!5207623 ? 2 !
R L3783!bF57067?4783!?8V2526!1B!4.70!(;522I234!
!
! '2378574B!A70457?40!97KK!12!024!G854.!73!(JJ2367W!H<H!/44/?.26=!
!
! &G!/!'4/4F0!"!85!'4/4F0!^!(008?7/42!K8020!4.275!04/4F0!1B!/3!73V8KF34 /5 B!52 6 F ?4 78 3!8 G!. 8 F 50 >!.2!0./KK!524/73!.70!6/42!83!4.2!
'4/4F0!"!85!'4/4F0!^!K704!G85!/!J2578 6 !8 G!0 7W!D` E!I834.0 >!/G4 2 5!9 . 7? .!4 7I2!.2!0./KK!./V2!48J!02378574B!83!4.2!'4/4F0!_!K704!73!
.70!04852=!!&G!/!'4/4F0!"!85!'4/4F0!^!(008?7/42!K8020!.70!04/4F0!1B!V8KF34/5B!526F?4783!8G!.8F50>!.2!0./KK!12!45/30G25526!48!
4.2!'4/4F0!_!K704!/36!.70!02378574B!6/42!83!4.2!'4/4F0!_!K704!0./KK!12!.70!I804!52?234!6/42!8G!.752=!!
!
"Q=^! (3B!'4/4F0!"!85!'4/4F0!^!(008?7/42!9.8!2K2?40!48!V8KF34/57KB!526F?2!.7I02KG!48!'4/4F0!_!?K/007G7?/4783!0./KK!0F1I74!/!
9574423!04/42I234!48!4./4!2GG2?4!48!4.2!%FI/3!*208F5?2!A2J/54I234!8G!4.2!+IJK8B25=!!'F?.!04/42I234!0./KK!12!07;326!
/36!6/426!1B!4.2!(008?7/42>!4.2!'4852!,/3/;25>!/36!4.2!L3783!'429/56!8G!4.2!04852=!!$.2!%FI/3!*208F5?2!A2J/54I234!
0./KK!0236!/!?8JB!8G!0F?.!04/42I234!48!4.2!L3783!SGG7?2=!
!
! (!'4/4F0!_!(008?7/42!9.8!./0!/!9574423!52aF204!83!G7K2!G85!'4/4F0!_!?K/007G7?/4783!97KK!384!12!?830762526!G85!'4/4F0!"!85!
'4/4F0!^!F347K!0F?.!47I2!/0!4.2!(008?7/42!520?7360!4.2!9574423!52aF2 04=!
!
"Q=_! A2J/54I234!%2/60>!(00704/34!A2J/54I234!%2/60>!/36!O2/6!<K25C0!0./KK!./V2!02J/5/42!02378574B!1/026!83!K23;4.!8G!
025V7?2!/0!/!A2J/54I234!%2/6!974.73!4.2!?K/007G7?/4783>!2W?2J4!G85!'F36/B!/36!.8K76/B!985C=!
!
!
##!
! N.23!/!A2J/54I234!%2/6>!(00704/34!A2J/54I234!%2/6>!85!O2/6!<K25C!70!526F?26!73 !?K/ 0 07G7? /4 78 3 >!4. 275!0 2 5V7? 2 !/0 !/ !
A2J/54I234!%2/6!97KK!12!?830762526!/0!/!?K25C!G85!02378574B!JF5J8020=!
!
! &G!/!A2J/54I234!%2/6>!(00704/34!A2J/54I234!%2/6>!85!O2/6!<K25C!V8KF34/57KB!526F?20!.7I02KG!73!4.2!?K/007G7? /4 783 >!. 2 ! 0. /KK!
./V2!4.2!8J4783!48!52I/73!73!4.2!0/I2!04852!85!12!45/30G25526!48!/384.25!04852 =!!'F?. !04852 !0./ KK!12!IF 4F /KKB!/;52 2/1 K2!
48!4.2!(008?7/42!/36!'4852!,/3/;25@A70457?4!,/3/;25=!!'F?.!45/30G25!0./KK!12!G73/K7U26!974.73!07W4B!D`dE!6/B0!8G!4.2!
526F?4783!73!?K/0 07G7?/478 3=!!(3 B!A2J/54I234!%2/6>!(00704/34!A2J / 54I234!%2 / 6>!85!O2/6!<K25C!9.8!2K2?40!48!V8KF34/57KB!
526F?2!.7I02KG!73!4.2!?K/ 0 07G7? /4 78 3 !0. / KK!0F 1 I74!/!957442 3 !04 /4 2I234!48 !4. / 4!2 GG2 ?4 !48 !4. 2 !% F I/3!*20 8F 5? 2 !A 2 J /54 I234!
8G!4.2!+IJK8B25=!!'F?.!04/42I234!0./KK!12!07;326!/36!6/426!1B!4.2!(008?7/42>!4.2!'4852!,/3/; 2 5!/ 36!L378 3!'429/56!8G!
4.2!04852=!!$.2!%F I /3 !*2 08F 5?2!A 2J /54I 2 34!0. /KK!0236 !/!?8 JB !8G!0F? .!04/42 I 23 4!48!4.2 !L3 783 !SGG7?2=!
!
! (008?7/420!73!4.2!'/?C25@</55B8F4>!A2I83045/485>!'/K/6!Y/5>!/36!MK85/K!(44236/34!?K/007G7?/47830>!9.8!/52!J58I8426!48!
4.2!?K25C!?K/007G7?/4783>!97KK!12!7302 5426 !83 !4.2!'4/4F0!_!02378574B!K704!1/026!FJ83!4.2!6/42!8G!.752!G85!4.2!JF5J802!8G!K/BR
8GG0>!52?/KK0>!45/30G250>!?K/7I73;!8G!/V/7K/1K2!.8F50>!2/5K725!04/5473;!47I20>!9.7?.!0./KK!/K08!73?KF62!'F36/B!/36!.8K76/B!
.8F50=!
!
! N.23!/!J8074783!974.73!4.2!)58?25B!)58FJ!<K25C!?K/007G7?/4783!12?8I20!/V/7K/1K2!974.73!4.2!04852>!0F?.!J8074783!97KK!12!
8GG2526!48!4.2!I804!023785!(008?7/42!73!4.2!?8I1 73 26 !? K/0 0 7G7?/ 478 3 !8 G!'/?C25@</55B8F 4>!A2I8 3045/485>!'/K/6!Y/5>!MK85/K!
(44236/34>!/36!73!4.2!?8I17326!?K/007G7?/4783!8G!A5F;@),!974.73!4.2!04852=!!$.70!J58V70783!0./KK!384!J52?KF62!/3!
(008?7/42!974.73!4.202!?K/007G7?/47830!G58I!52GF073;!0F?.!J58I84783=!!%892V25>!/3B!(008?7/42!9.8!6820!384!aF/K7GB!85!
G/7K0!?/0.725!45/7373; !974. 73!4. 754B!D^dE!6 /B0 !/G425!J58 I 8 4783 !0. /KK!52V2 54!48!4.2 75!J52V 78F 0!?K/00 7G7?/478 3!/3 6 !023 78574B!6/42!
/36!0./KK!384!52RaF/K7GB!G85!J58I84783!48!/3!/V/7K/1K2!8J2373;!73!4.2!?K25C!?K/007G7?/4783!F347K!07W!D`E!I834.0!./V2!2K/J 026 =!!
(008?7/420!52GF073;!0F?.!J58I84783!0./KK!2GG2?4F/42!/!04/42I234!4./4!0F?.!J8074783!9 /0!8GG2526!48!4.2I!1B !02378574B!/36!
52GF026>!/36!0F ?. !04/42I234!0./KK!12!07;3 26 !1B!4.2 !(008?7/42>!4.2!L378 3 !'429/56!/3 6 !4.2!,/3/;25!83!4.2!6/42!0F?.!
(008?7/42!52GF026!4.2!J58I8478 3!48 !4.2!?K2 5C!?K/007G7?/ 4783 =!!%8 9 2V2 5>!73!4.2!2V 23 4!/!?K25C!70!526 F? 26 !48!4.2 75!J52V78 F0 !
?K/007G7?/4783>!4.275!02378574B!6/42!0./KK!12!4.275!J52V78F0!L3783!o"!02378574B!6/42!73!4./4!J52V78F0!?K/00 7G7? /4 78 3 =!
!
! '/?C25@?/55B8F4!(008?7/420!I/B!12!FJ;5/626!1B!02378574B!974.73!4.2!04852!48!4.2!?K25C!?K/007G7?/4783!83!/!42IJ85/5B!1/070!
6F573;!4.2!G8F5!D_E!922C0!J5785!48!<.5704I/0!D73?KF673;!<.5704I/0!922CE=!
!
! '2378574B!97KK!12!62425I7326!83!4.2!1/070!8G!4.2!(008?7/42X0!L378 3 !o"!0237 8 574 B !6 / 4 2 =!!%892V 2 5 >!8 3 K B! 4. 802!0/? C 2 50 !9.8!
/52!?F55234KB!2K7;71K2!G85!J58I84783!D384!4.802!9.8!./V2!73!4.2!J/04!07W!D`E!I834.0!G/7K26!52;70425!0?.88K!85!G/7K26!48!
aF/K7GBE!97KK!12!42IJ85/57KB!J58I8426=!
!
! (3B!(008?7/42!73!4.2!?8I17326 !?K/ 00 7G7? /4 78 3 0!J 58 I8426!48 !4. 2 !) 58 ? 25 B!) 5 8F J !? K25 C!? K/0 07G 7?/ 478 3 !I/B!0F10 2 a F2 3 4KB !
52aF204!48!V8KF 34/ 57KB!526F ?2 !4.2I02KV20!48!4.275!J52 V78F 0!?K/00 7G7?/4783 =!!(008?7/420!970.73;!48!2W25?702!4.70!8J4783!0./KK!
J520234!4.275!52aF204!73!957473;!48!4.2!'4852!,/3/;25=!!'F?.!52a F 20 40!0. / KK!12 !07; 32 6 !1 B!4. 2 !(008?7/42>!L3783!'429/56>!
/36!4.2!'4852!,/3/;25=!!'F?.!(008?7/42!0./KK!12!526F?26!83!4.2!32W4!J80426!985C!0?.26FK2!G8KK8973;!'/4F56/B!8G!4.2!
922C!73!9.7?.!4.2!52aF204!9/0!I/62=!!$.202!(008?7/420!52V254!48!4.275!J52V78F0!L3783!o"!02378574B!6/42!73!4.275!
?K/007G7?/4783!G85!0?.26FK73;!JF5J8020!/36!0./KK!12!J/76!4.2!/JJK7?/1K2!5/42!1/026!83!4.275!K23;4.!8G!025V7?2=!!(3B!
(008?7/42!9.8!2W25?7020!4.70!8J4783!0./KK!384!52RaF/K7GB!G85!J58I84783!48!4.2!)58?25B!)58FJ!?K25C!?K/007G7?/4783!G85!07W!D`E!
I834.0=!
!
"Q=Q! (!L3783!'429/56!73!4.2!;58?25B!02378574B!;58FJ>!52;/56K200!8G!4.275!6/42!8G!2IJK8BI234>!0./KK!./V2!02378574B>!2W?2J4!G85!
2/5K725!04/5473; !47I20>!8V25!/ KK!8 4. 2 5!(008?7/420!974.73!4.275!?K/007G7?/4783!974.73!4.2!04852!73!9.7?.!4.2B!985C>!/36!
/??85673;KB!0./KK!12!4.2!K/04!(008?7/42!48!12!526F?2 6!73!. 8F 50!/3 6@8 5!K/76!8GG!/3 6 !0./KK!./ V2!4. 2!57;.4!48!?K/ 7I!/ KK!/V/7K/1K2!
.8F50!8V25!/KK!84.25!(008?7/420!974.73!4.275!?K/007G7?/4783!974.73!4.2!04852!73!9.7?.!4.2B!985C>!2W?KF673;!/KK!A2J/54I234!
%2/6!?K/007G7?/47830>!(00704/34!A2J/54I234!%2/6!?K/007G7?/47830!85!%2/6!-7;.4!O2/6!<K25C=!!&4!70!GF54.25!F36250 48 8 6!4. / 4!
(K4253/42!L3783!'429/56D0E!0./KK!384!. /V2 !0FJ 25R02378574B=!
!
"Q=`! $25I73/4783!R!'2378574B!0./KK!12!?830762526!158C23!7G!/3!(008?7/42!70!6FKB!670?. /5 ;2 6 !1 B!4 . 2!+ IJK8B25>!7G!4 . 2B !V8 KF 3 4/ 57KB !
aF74>!7G!4.2B!./V2!1223!K/76!8GG!?83473F8F0KB!G85!/!J25786!8G!I852!4./3!832!B2/5>!7G!4.2B!G/7K!48!3847GB!4.2!+IJK8B25!974.73!
423!D"dE!6/B0!8G!52? /KK!4./4!4.2 B!9 7KK!524F53!48 !98 5C>!85!7G!4.2B!G/ 7K!48!524F53 !48!9 85C!/ G425!52?/ KK!G58I !/!K/B!8GG!9 74.73!423!
!
#^!
D"dE!6/B0!8G!4.2!6 /42 !8G!700F /3 ?2!8 G!3847G7?/ 4783 !8G!52?/KK!1B!?2547G726 !I /7K!48!4. 2!K/04!C3 89 3 !/6 652 00!8G!4.2 !(008?7/42>!7G!
4.2B!G/7K!48!524F53!48!9 85C!73!/ ??8 56/ 3? 2!9 74.!/!K2/V 2!8G!/1 02 3?2 !J58 V762 6!.2 5273 =!
!
! Z58I84783!48!-83RY/5;/7373;!L374!Z8074783!R!'2378574B!57;.40!8G!/3!(008?7/42!974.73!4.2!1/5;/7373;!F374!0./KK!12!J5842?426!
G85!/!J25786!384!48 !2W? 226 !83 2!B2 /5!73!4. 2!2V 23 4!8G!/!J58 I 8 4783 !48!/!3 83R1/5;/7373;!F374!J8074783=!!$.2!L3783!0./KK!12!
3847G726!9.23!0F?.!J58I847830!8??F5=!!&G!524F5326!48!4.2!1/5;/7373;!F374!974.73!832!B2/5>!4.2!(008?7/42!0./KK!524F53!48!
4.275!J52V78F0!b81!?K/ 007G7?/4783 !73!/?? 856 /3 ?2!9 74.!4. 275!023 78574B=!
!
"Q=P! *26F?4783!8G!%8F50!R!(!'4/4F0!"!85!'4/4F0!^!(008?7/42!52;FK/5KB!985C 73;!4. 754BR 07W!D^`E!.8F 50!85!I852!6F 573;!4.2!1/07?!
985C!922C>!/36!9.8!/V25/;20!K200!4./3!4.754BR07W!D^`E!.8F50!G85!I852!4./3!G8F5!D_E!922C0!0./KK!./V2!4.2!8J4783!48!
45/30G25!/36!670J K/?2 >!?830 762573 ;!4.2 !4BJ2!8 G!98 5C>!4.2 !K2/04!023 785!!'4/4F0!"!85!'4/4F0!^!(008?7/42!73!4.275!023 78 574B !/ 52 /!
9.8!70!985C73;!4.2!K/5;204!3FI125!8G!.8F50!J25!922 C!I8 52!4./3!4.2!.8F 50!J25!922C!48!9. 7?.!4.2B!/52!526F?26 >!FJ!48!
/36!73?KF673;!G854B!D_dE!.8F50=!
!
! &G!4.2!K2/0 4!0 23 78 5 !'4/4F0!"!85!'4/4F0!^!(008?7/42!73!4.2!02378 574 B!/ 52 /!70 !9 8 5C 73 ; !/!K2 0 02 5!/ I 8F34!8G!.8F50!4./3!4.2!!'4/4F0!
"!85!'4/4F0!^!(008?7/42!9.8!./0!1223!526F?26>!4.23!4./4!526F?26!'4/4F0!"!85!'4/4F0!^!(008?7/42!./0!4.2!8J4783!48!
45/30G25!/36!670J K/?2 >!?830 762573 ;!4.2 !4BJ2!8 G!98 5C>!4.2 !K2/04!023 785!'4/4F0!"!85!'4/4F0!^!(008?7/42!985C73;!4.2!K/5;204!
/I8F34!8G!.8F50!J25!922C!FJ!48!/36!73?KF673;!G854B!D_dE!.8F50!73!4.2!/6b87373;!02378574B!/52/=!!&G!4.2!K2/04!023785!'4/4F0!"!
85!'4/4F0!^!(008?7/42!73!4.2!/6b87373; !02 3 78 574B !/52/!70!985C73;!/!K20025!/I8F34!8G!.8F50!4./3!4.2!'4/4F0!"!85!'4/4F0!^!
(008?7/42!9.8!./0!1223!526F?26>!4.23!4./4!526F?26!'4/4F0!"!85!'4/4F0!^!(008?7/42!./0!4.2!8J4783!48!45/30G25!/36!
670JK/?2!4.2!K2/04!023785!(008?7/42!985C73;!4.2!K/5;204!/I8F34!8G!.8F50!J25!922C!FJ!48!/36!73?KF673;!G854B!D_dE!.8F50!73!
4.2!A70457?4!?K80204!48!4.2!(008?7/42X0!5207623? 2 =!
!
! &G!4.2!K2/0 4!0 23 78 5 !'4/4F0!"!85!'4/4F0!^!(008?7/42!73!4.2!A70457?4!?K80204!48!4.2!(008?7/42X0!520762 3 ? 2 !70 !985C73; ! / !K2 0 0 2 5!
/I8F34!8G!.8F50!4./3!4.2!'4/4F0!"!85!'4/4F0!^!(008?7/42!9.8!./0!1223!526F?26>!4.23!4./4!526F?26!'4/4F0!"!85!'4/4F0!^!
(008?7/42!./0!4.2!8J4783!48!45/30G25!/36!670JK/?2!4.2!K2/04!023785!'4/4F0!"!85!'4/4F0!^!(008?7/42!985C73;!4.2!K/5;204!
/I8F34!8G!.8F50!J25!922C!FJ!48!/36!73?KF673;!G854B!D_dE!.8F50!73!4.2!O8?/K!L3783X0!bF57067?4783=!!$.2!(008?7/42!9.8!70!
G73/KKB!670JK/?26 !I /B!?K/ 7I !/KK!/ V/ 7K/ 1 K2!. 8 F 50 !73 !4. 2 75!04 85 2!/ 3 6 !9 7KK!52 4/ 73 !0 23 78 574B !57; . 40 !/0 !J 58 V76 2 6 !73 !4. 2 !K/0 4!
J/5/;5/J.!8G!'2?4783!"Q=#!R!73V8KF34/ 5B!5 26 F ? 478 3 =!!
!
! H*2;FK/5KB!985C73;H!0./KK!12!62G7326!/0!4.2!G8F5!D_E!922C!/V25/;2 !7II267/42KB!J52?2673;!4.2!G8F5!D_E!922C0!8G!526F?26!
.8F50=!!M85!2W/IJK2]!
!
*2;FK/5KB!N85C73;!N22C0!
!
*26F?26!N22C0!
!
N22C!"!!
^f!.8F50!
N22C!Q!!
^f!.8F50!
N22C!#!!
^P=Q!.8F50!
N22C!`!!
#_!.8F50&
N22C!^!!
^e!.8F50!
N22C!P!!
^d!.8F50&
N22C!_!!
^`=PQ!.8F50!
N22C!f!
^#!.8F50!
!!!!!!!!!!!!!!!!!!!!!!!!!(V25/;2!.8F50]!^P=f"!.8F50&
(V25/;2!.8F50]!^"!.8F50&
!
&3!4.2!/1 8 V 2 !2W / IJK2>!92 2C 0 !D" E!4. 5 8 F ;. !D _ E!6 2 42 5I732!4.2 !/ V2 5/ ; 2!. 8 F50!52;FK/ 5 KB!985C26 >!/3 6 !922C0!DQ E!4. 5 8 F ;.!DfE!
62425I732!4.2!/V25/;2!.8F50!526F?4783=!
!
Y2G852!2W25?7073;!4.275!57;.40!F3625!4.70!J58V70783>!4.2!(008?7/42!IF04!2W25?702!/KK!/V/7K/1K2!.8F50!73!4.275!04852>!2W?2J4!
(008?7/420!97KK!384!12!52aF7526!48!?K/7I!.8F50!1249223!"#]dd!I763 7;.4!/36!`]dd!/=I =!48!GFKG7KK!4.2!H/KK!/V/7K/1K2!.8F50H!
?574257/=!
!
%892V25>!(008?7/420!97KK!12!52aF7526!48!985C!I852!4./3!498!D#E!2V2373;0!48!GFKG7KK!4.2!H/KK!/V/7K/1K2!.8F50H!?574257/=!
!
(!'4/4F0!"!85!'4/4F0!^!(008?7/42!2K7;71K2!G85!45/30G25!/0!J58V7626!/18V2!IF04!52aF204!0F?.!45/30G25!73!957473;!48!4.2!'4852!
,/3/;25!974.!/!?8JB!48!4.2!L3783!'429/56!38!K/425!4./3!4.2!236!8G!4.2!922C!73!9.7?.!4.2!0?.26FK2!G85!4.2!G8F54.!922C!
8G!526F?26!.8F50!70!J80426=!
!
!
#_!
$.2!+IJK8B25!97KK!/55/3;2!4.2!45/30G25!/4!4.2!12;73373;!8G!4.2!922C!G8KK8973;!4.2!G8F54.!922C!8G!526F?26!.8F50=!!$.2!
(008?7/42!IF04!?8IJK242!4.2!45/30G25!83!4.2!6/42!0?.26FK26!1B!4.2!+IJK8B25!85!G85G274!/KK!57;.40!48!45/30G25=!!(008?7/420!
52;FK/5KB!985C73 ;!4.754BR498!D^#E!.8F 50!9 .8 !/52!52 6F ?26 !48!/3 !/V2 5/;2 !8G!K200!4. /3 !4.754BR49 8!D^ #E!.8 F50!G8 5!I 852 !4./3 !
G8F5!D_E!922C 0!0./ KK!12!2 K7;71K2!48 !G8KK89 !4. 2!0/I2!J58?26F 52 0!/0!8 F4K732 6!73 !J/5/ ;5/ J. 0!"!4. 58F ;. !`=!
!
(3B!(008?7/42!9.8!6820!384!2K2?4!48!2W25?702!4.275!02378574B!48!45/30G25!/0!/!520FK4!8G!526F?4783!8G!.8F50>!/0!8F4K7326!
/18V2>!97KK!12!;7V23!832!/6674783/K!8JJ854F374B!48!52aF204!/!45/30G25=!!$.70!45/30G25!IF04!12!2W25?7026!974.73!423!D"dE!
6/B0!8G!,/5?.!">!lF32!">!85!S?48125!"!8G!4.2!B2/5!73!9.7?.!4.2!857;73/K!45/30G25!9/0!52aF20426=!
!
N.23!/3!(008?7/42!2W25?7020!4.70!8J4783>!4.2!45/30G25!0./KK!4/C2!2GG2?4!83!4.2!32W4!J80426!985C!0?.26FK2!G8KK8973;!0F?.!
52aF204=!
!
"Q=f! (3B!(008?7/42!974.!4.522!D^E!I834.0!85!I852!8G!02378574B>!9.802!.8F50!/52!526F?26!6F573;!4.2!1/07?!985C!922C!48!K200!
4./3!07W4223!D"` E!.8F 50!9 74.73!4. 275!1/ 07?!98 5C!9 22 C>!4.58F ;. !38!G/ FK4!8G!4. 275!89 3 >!0./KK!./ V2!4. 2!8J J8 54F 374B!48 !
45/30G25!/36!670J K/?2 !4.2!K2/ 04!023 785!(008?7/42!83!4.2!0/I2!1/070!/0!0J2?7G726!73!'2?4783!"Q=P!8G!4.70!(547?K2>!J254/7373;!48!
'4/4F0!"!85!'4/4F0!^!(008?7/420>!J58V7626!4.2!(008?7/42!2W25?7020!4.70!8JJ854F374B!73!957473;!48!4.2!'4852!,/3/;25!974.!/!
?8JB!48!4.2!L3783!'429/ 56!384!K/425!4./3!,836/B!7II267/42KB!G8KK8973;!/!526F?4783!73!.8F50>!/0!0J2?7G726!/18V2=!!$.2!
+IJK8B25!97KK!/55/3;2!4.2!45/30G25!/4!4.2!12;73373;!8G!4.2!32W4!922C!/G425!4.2!52aF204=!!$.2!(008?7/42!IF04!?8IJK242!
4.2!45/30G25!83!4. 2!6/ 42!0?. 26 FK2 6!1B !4.2!+IJK8B25!85!G85G274!/KK!57;.40!48!4. 2!45/3 0G25=!
!
"Q=e! '4852!<K8073;!R!&3!4.2!2V2 3 4!8G!04852!?K8073;>!A2J/54I234!%2/60!0./KK!12!2K7;71K2!48!45/30G25!/36!670JK/?2!D83!4.2!1 /070!8G!
02378574B!/0!/!A2J/54I234!%2/6E!4.2!K2/04!023785!A2J/54I234!%2/6!73!4.2!0/I2 !?K/ 0 07G7? / 478 3 !/3 6 !V 8KF I2!15/?C 2 4!73 !
/384.25!04852!974.73!G7504>!4.275!02378574B!/52/[!02?836>!/6b87373;!02378574B!/52/!73!4.275!A70457?4[!4.756>!V8KFI2!1 5 /? C 24 !
04852!73!4.2!A70457?4!?K80204!48!4.275!5207623?2[!/36!G8F54.>!4.2!V8KFI2!15/?C24!04852!974.73!4.2!O8?/K!L3783!bF57067?4783=!
!
! &3!4.2!2V 2 3 4!4. / 4!4 . 2 !A2J/54I234!%2/6!73!4.2!?K8073; !0 48 52 !70!4 . 2!K2 / 04 !02 3 78 5!73 !4. 2!? K/ 00 7G7?/ 4 783 !/36!V8KFI2!15/?C24>!
4.2B!0./KK!12!2K7;71K2!48!45/3 0G25!/3 6 !670JK/? 2!4.2 !K2/04!023 785!A2J/54I234!%2/6!73!4.2!0/I2!?K/007G7? /4 783 !73 !4 .2 !3 2 W4 !
K8925!V8 KF I2!15/?C2 4= !
!
! A2J/54I234!%2/60!9.8!/52!670JK/?26!/0!/!520FK4!8G!4.2!/18V2!J58?200!0./KK!12!2K7;71K2!48!45/30G25!/36!670JK/?2!4.2!K2/04!
023785!A2J/54I234!%2/6!73!4.2!0/I2!?K/0 07G7? / 478 3 !73 !4. 2 !32 W 4!K8 9 2 0 4!V8 KF I2!15/?C 24 !F 34 7K!4. 2 !K2/ 0 4!0 23 78 5!A2J/54I234!
%2/6!70!526F?26!73!? K/0 07G 7?/ 478 3 =!
! ! !
! (0!/3!/K4253/47V2!48!4.2!/18V2>!/!A2J/54I234!%2/6!974.!02378574B!73!/!?K8073;!04852!I/B!2K2?4!48!670JK/?2!4.2!K2/04!023785!
A2J/54I234!%2/6!73!4.2!K89204!A2J/54I234!%2/6!?K/007G7?/4783!73!4.2!02378574B!/52/!/36@85!/6b87373;!02378574B!/52/>!/0!
62425I7326!1B!5/42!8G!J/B!73!9.7?.!.2!9/0!J52V78F0KB!/!A2J/54I234!%2/6!/36!0./KK!524/73!G7504!8J4783!48!524F53!48!4.70!
857;73/K!?K/007G7?/4783!1/026!83!V8KFI2!15/?C240!9.23!0F?.!8J2373;!12?8I20!/V/7K/1K2=!!&3!4.70!2V234>!4.2!670JK/?26!
A2J/54I234!%2/6!I/B!2W25?702!4.2!8J4783!48!45/30G25!/0!0J2?7G726!/18V2=!
!
! A2J/54I234!%2/6!(008?7/420!2K7;71K2!G85!45/30G25>!/0!J58V7626!/18V2!IF04!52aF204!/!45/30G25!73!957473;!48!4.2!'4852!
,/3/;25!974.!/!?8JB!48!4.2!L3783!'429/56!974.73!423!D"dE!6/B0=!!$.2!+IJK8B25!97KK!/55/3;2!4.2!45/30G25!38!K/425!4./3!
4.2!02?836!9 2 2C!/G42 5!4.2 !52aF 204!1 B!4.2 !2K7;71K2!(008?7/42!70!I/6 2!974.!38!K8 00 !73 !J /B !F 3 47K!4. 2 !45/ 3 0G 25 !70!? 8IJK2426 >!
/36!4.2!(008?7/42!IF04!?8IJK242!4.2!45/30G25!83!4.2!6/42!0?.26FK26!1B!4.2!+IJK8B25!85!G85G274!/KK!57;.40!48!4.2!45/30G25=!
!
! &G!4.2!+I J K8B25!J25I/323 4KB !?K8 02 0!'4852!f#f!+/483>!S.78>!/GG2?426!(008?7/420!97KK!12!8GG2526!J80747830!73!<73?733/47!
:,(!048520>!12;73373;!974.!A70457?4!#!D&\E!85!A70457?4!`!D&qE!048520!D/0!62G7326!73!4.2!+/483!<8KK2?47V2!Y/5;/7373;!
(;522I234E=!!'F?.!(008?7/420!0./KK!524/73!/KK!02378574B!/0!/JJK726!48!4.70!/;522I234=!!
!
"Q="d! Y2G852!4.2!/JJK7?/4783!8G!4.2!J58?26F520!?/KK26!G85!73!4.70!(547?K2>!'2?47830!"Q=P!/36!"Q=f>!4.2!+IJK8B25!97KK!/442IJ4!48!
JK/?2!4.2!/GG2?426!(008?7/420!08!4./4!4.2!3226!G85!(008?7/42!670JK/?2I234!70!2K7I73/426!/36@85!I737I7U26=!!$.2!L3783!
97KK!670?F00!4.202!J800717K74720!974.!4.2!+IJK8B25!9.23!52aF20426!48!68!08>!/36!/3B!IF4F/KKB!/;522/1K2!62?707830!83!
JK/?2I234!52/?.26!1249223!4.2!+IJK8B25!/36!L3783!0./KK!0FJ250262!4.2!84.25!J58?26F520!?/KK26!G85!73!4.2 02!
J/5/;5/J.0=!
!
!
#Q!
"Q=""! -29!'4852!SJ2373;0!R!N.23!/!329!04852!70!8J2326!F3625!4.70!(;522I234>!/!3847?2!8G!0F?.!8J2373;!97KK!12!J80426!
/JJ58W7I/42KB!G7G4B!DQdE!6/B0!J5785!48!4.2!8J2373;!8G!4.2!329!04852!73!4.2!2W70473;!048520!73!4.2!A70457?4=!!$.802!(008?7/420!
970.73;!48!45/30G25!48!4.2!329!04852!G85!/V/7K/1K2!b81!8J2373;0!97KK!07;3!4.2!3847?2!974.73!423!D"dE!6/B0=!
!
! N.252!/!04852!85!048520!/52!?K8026!73!?83bF3?4783!974.!4.2!8J2373;!8G!4.2!329!04852>!0F?.!(008?7/420!97KK!12!45/30G25526!
48!4.2!329!048 52!48!G7KK!/V/7K/1K2 !b81!8J 23 73; 0!73!4.2!3 29 !04852 !12 G852 !(008?7/420!G58I!84.25!048520!73!4.2!A70457?4!/52!
45/30G25526=!!(66 74783/ K!b81!8J 23 73;0 !97KK!4.23 !12!G7KK26!83 !/!023 78574B!1 /070!G58I !4. 802 !(008?7/420!73!4.2!A70457?4!9.8!07;3!
4.2!3847?2!12G8 52!4.2 !+I J K8B2 5!.7520!32 9 !(008?7/420=!
!
! N.252!38!04852!70!?K8026!73!?83bF3?4783!974.!4.2!8J2373;!8G!4.2!329!04852>!/V/7K/1K2!b81!8J2373;0!97KK!12!G7KK26!83!/!
02378574B!1/070!G58I!4.802!(008?7/420!73!4.2!A70457?4!9.8!07;3!4.2!3847?2=!!(6674783/K!b81!8J2373;0!97KK!4.23!12!G7KK26!83!/!
02378574B!1/070!G58I!84.25!(008?7/420!73!4.2!1/5;/7373;!F374!9.8!./V2!7367?/426!4.275!620752!73!957473;!48!4.2!%FI/3!
*208F5?2!A2J/54I234!48!45/30G25!48!4.2!32 9 !04852 !73!8562 5!48!9 85C !?K802 5!48!4.275!52076 23 ?2=!!'F ?. !9574423 !52a F2 04!I F04!
12!0F1I74426!1B!0F?.!(008?7/42!/JJ58W7I/42KB!G7G4B!DQdE!6/B0!J5785!48!4.2!8J2373;!8G!4.2!329!04852=!!S3KB!4.802!
(008?7/420!9.802!9574423!52a F2 040!/52!8 3!G7K2!9 7KK!12!52?8 ;3 7U26 !83 !/!023 78574B!1 /070!12 G852 !4.2 !+I JK8 B2 5!.7520!3 29 !
(008?7/420=!
!
! S3!J25I/3234!45/30G250!/4!4.2!+IJK8B25X0!52aF204>!83KB!4.2!K2/04!023785!'4/4F0!"!/36!'4/4F0!^!(008?7/420!/36!4.2!K2/04!
023785!'4/4F0!_!(008?7/420!73!4.2!04852!I/B!12!52aF7526!48!45/30G25!/36!4.23!83KB!7G!32?20074/426!1B!/!329!04852!8J2373;=!
!
"Q="#! !'4/4F0!^!SJ2373;0!R!N.23!/!'4/4F0!^!b81!12?8 I20!/V/7K/ 1 K2 >!74!0. / KK!1 2 !8G G25 26 !4 8! '4/4F0!_!(008?7/420!73!4.2!04852!73!
/??856/3?2!974.!4.2!/V/7K/1K2!.8F50!J58V707830!8G!4.70!(;522I234=!
!
"Q="^! A2J/54I234!%2/6>!(00704/34!A2J/54I234!%2/6>!/36!O2/6!<K25C!V/?/3 ?72 0!R!&G!/!V/? / 3 ?B !8 ?? F 50 !73 !/ !A2J/54I234!%2/6>!
(00704/34!A2J/54I234!%2/6>!85!O2/6!<K25C!?K/00 7G7? /4 78 3 !38 4 !52 0F K473 ; !G58 I!V/?/478 3 >!K2/ V2 !8 G!/ 1 02 3 ?2 >!2 4?=>!74 !0. / KK!1 2!
G7KK26!974.73!4.754B!D^dE!6 /B0 !/G425!4. 2!V/? /3 ?B!8 ??F 50= !
!
"Q="_! '2/G886@'25V7?2!,2/4!(008?7/420!97KK!12!8GG2526!,2/4!<K25C!J80747830!1B!02378574B!/0!4.2B!8??F5!12G852!,2/4!<K25C0!/52!
.7526!8GG!4.2!045224=!!'2/G886@'25V7?2!,2/4!(008?7/420!97KK!C22J!4.275!02378574B!6/42!7G!4.2B!12?8I2!/!,2/4!<K25C=!
!
&G!4.2!<8GG22!'.8J!?K8020>!4.2!<8GG22!'.8J!(008?7/420!./V2!4.2!57;.4!48!45/30G25!48!4.2!A2K7@Y/C25B!/36!97KK!C22J!4.275!
02378574B!6/42=!
&
"Q="Q! '2378574B!O7040!R!'2378574B!K7040!0./KK!12!204/1K70.26!/36!I/734/7326!/36!0F?.!K7040!0./KK!12!/V/7K/1K2!48!4.2!L3783!/4!/KK!
47I20=!!!
!
! +/?.!4.522!D^E!I834.0!R!83!M215F/5B!">!,/B!">!(F;F04!">!/36!-8V2I125!"!8G!2/?.!B2/5!R!4.2!+IJK8B25!/; 5220!48 !023 6!4.2 !
L3783!8GG7?2!498!D#E!?8J720!85!/3!2K2?45837?!K704!8G!(008?7/420!1B!04852>!0J2?7GB73;!b81!?K/007G7?/4783>!5/42!8G!J/B>!/36!
02378574B!04/4F0=!
!
$.2!+IJK8B25!/K08!/;5220!48!3847GB!4.2!L3783!8G!K/BR8GG0>!K2/V20!8G!/102 3?2 >!J25I/3234!45/3 0G250 >!J58I 8 4783 0>!/3 6!
425I73/47830!8 3!/!9 2 2CKB!1 /070=!
!
"Q="`! A2G7374783!8G!MFKKR$7I2!(008?7/42!m!N.252V25!74!/JJ2/50!73!4.70!(;522I234>!!4.2!425I0!hMFKKR$7I2!'4/4F0!"!(008?7/42T!85!
hMFKKR$7I2!'4/4F0!^!(008?7/42T!0./KK!12!?830762526!/0!1273;!/3!(008?7/42!?K/007G726!/0!GFKKR47I2=!!!
! !
/E (3!(008?7/42!0./KK!12!?K/007G726!/0!HGFKKR47I2H!274.25]!/4!4.2!236!8G!4.275!73747/K!ed!?8302?F47V2!6/B0!8G!2IJK8BI234>!
S*[!/G425!4.275!73747/K!I2/0F52I234!J25786!8G!Q#!922C0!6F573;!9.7?.!4.2!/V25/;2!.8F50!985C26!73!4.2!1/07?!985C!
922C!2aF/K!85!2W?226!^d!.8F50=!N85C!J25G85I26!83!'F36/B0!/36!.8K76/B0!0./KK!12!?8F3426!G85!4.2!JF5J802!8G!
aF/K7GB73;!/0!/!HGFKKR47I2H!(008?7/42=!!(3!(008?7/42!0./KK!/K08!12!?830762526!/0!/44 /73 73 ; !rGF KKR47I2j!?K/007G7?/4783!7G!
/G425!4.275!73747/K!I2/0F52I234!J25786!4.2B!/V25/;2!^d!85!I852!.8F50!6F573;!4.2!?8IJ/3Bj0!04/426!Q#R922C!/33F/K!
I2/0F52I234!J25786!D+W/IJK2]!S?48125!"!4.58F;.!'2J42I125!^dE=!!
!
!
#`!
1E $7I2!384!985C26!12?/F02!8G!/!.8K76/B!0./KK!12!?8F3426!/0!47I2!985C26!489/56!aF/K7G7?/4783!85!?83473F74B!/0!/!HGFKKR
47I2H!(008?7/42>!52;/56K200 !8 G!9.24.2 5 !8 5!3 84!4.2!(008?7/42!70!23474K26 !48 !. 8 K76 /B !J /B =!
!
?E M85!/3!(008?7/42!9.8!I2240!4.2!/G8520/76!52aF752I2340>!?83473F8F0!025V7?2!/0!/!HGFKKR47I2H!(008?7/42!0./KK!12!6/426!
1/?C!48!4.2!G7504!6/B!985C26!8G!4.2!ed!6/B0!85!hQ#!922C!K88C!1/?C=T!
!
6E S3?2!/3!(008?7/42!./0!aF/K7G726!/0!/!HGFKKR47I2H!(008?7/42>!'4/4F0!"!/ 3 6 !' 4/ 4F0!^>!4.2 !(008?7/42!0./KK!12!52I8V26!
G58I!HGFKKR47I 2 H!04/4F0 !7G]!!"E!$.2!(008?7/42!./0!1223!526F?26!48!J/54R47I2!/4!4.2!(008?7/42X0!V8KF34/ 5B!9574423!
52aF204!73!/??8 56/ 3? 2!9 74.!'2 ?4783 !"Q =^!/1 8V2 !8G!4.70!( 547?K2>!85!#E!/3 !(008?7/42!70!73V8KF34 /5 7KB!52 6 F ?2 6 !48 !K2 00 !4. / 3 !
49234B!D#dE!.8 F50 !G85!49 23 4BR07W!D#`E!?8302?F47V2!9 22C0=!!!$.2!922C!G8KK8973;!V8KF3 4/5B!85!73V8KF34/5B!62I 84783 !48!
J/54R47I2!04/4F0!4.2!(008?7/42X0!023785 74B !0 . / K K!1 2 !6/426!G5 8 I!4.2!8 5 7; 73 / K !6 / 42!8G!.752 !8 5 !4.2!6/42 !4 . 2 !(008?7/42!
234250!4.2!1/5;/7373;!F374=!!!
!
2E &G!4.2!/G852I2 3 478 3 2 6 !(008?7/42!70!62I8 4 26!/36@85!V8KF34/57KB!526F?20!.7[email protected]!73!4.2!?K/007G7?/4783>!0F?.!
(008?7/42!0./KK!384!?83473F2!48!52?27V2!GFKKR47I2!1232G740!F3K200!4.2B!./ V2!4. 2!.8 F50 !48!I /734/ 73!4.2 I =!
!
GE &G!02J/5/426 !G58 I!HGFKKR47I 2H!04/4F 0!73!/?? 856 /3 ?2 !974.!J /5/ ;5/J .!D6 E!J52?2673;>!/3!(008?7/42!./0!0FGG2526!/!152/C!73!
025V7?2>!9.7?.!?/3384!12!1576;26!85!2K7I73/426!1B!0F102aF234!2IJK8BI 234=!!$8!aF/K7GB!/0!/!HGFKKR47I2H!(008?7/42>!
4.2!(008?7/42!IF04!/;/73!I224!4.2!52aF752I2340!024!G854.!73!D/E!/18V2=!
!
;E !(3B!A2J/54I234!%2/6>!(00704/34!A2J/54I234!% 2/ 6> !85!O2/6!4./4!9/0!.7526!83!85!/G425!d^R"eRdQ!/36!52K73aF70.20!
4.2!J8074783!G85!/3B!52 /08 3 >!4.275!04/4F 0!97KK!12 ?8 I 2!4. /4!8G!/!'4/4F0!^!/36!4.275!02378574B!6/42!97KK!12!52R?/K?FK/426!
/0!/!'4/4F0!^=!*2R?/K?FK/4783!97KK!12!./KG9/B!1249223!4.2!(008?7/42j0!6/42!8G !. 752 !/ 3 6!4.2!6/ 42 !4 . 2 !(008?7/42!
52K73aF70.26 !4.2!J 807478 3=!!
",!-)$%&.>/&$%"4%+&'(&"#+%*)%&
"`="! '7?C!O2/V2!R!(3B!(008?7/42!0./KK!12!;5/3426!/!07?C!K2/V2!D7KK3200>!73bF5B>!J52;3/3?B!/36!8??FJ/4783/KE!384!48!2W?226!37324B!
DedE!6/B0>!FJ83!9574423!52aF204!0FJJ85426!1B!I267?/K!2V7623?2!J58V7626!1B!4.2!/4423673;!J.B07?7/3D0E!9.7?.!0J2?7G720!
4./4!4.2!(008?7/42!70!670/1K26!/ 3 6 !?/ 3 3 84 !J 25 G8 5I!52;FK/5!985C!6F472 0 =!!+ W42 3 0 783 0 !8 G!3 73 24 B!De d E!6 / B0 !/ 4!/ !47I2!48!/!48 4/ K!
8G!498!D#E!?/K236/5!B2/50!0./KK!12!;5/3426!FJ83!9574423!52aF204!0FJJ85426!1B!I267?/K!2V7623?2=!!$98!D#E!/6674783/K!
37324B!DedE!6/B!2W42307830!I/B!12!;5/3426!7G!IF4F/KKB!/;5226!48!1B!4.2!L3783!/36!4.2!+IJK8B25!/36!0FJJ85426!1B!
I267?/K!2V7623?2>!9.7?.!7367?/420!4.2 !K7C2K7.886!8G!4.2!(008?7/42!524F5373;!48!985C =!
! ! !
! &3!4.2!?/ 02 !8 G!/ !985C250!? 8 IJ230/ 4783!K2/V2!8G!/1023 ? 2>!2 W4 2 3 078 3 0 !8 G!3 73 2 4B !De d E!6 / B0 !/ 4!/ !47I2!48!/!48 4 /K!8 G !4. 52 2 !D^ E!
?/K236/5!B2/50!0./KK!12!;5/3426!FJ83!9574423!52aF204!0FJJ85426!1B!I267?/K!2V7623?2=!
!
! LJ83!9574423!3847?2!48!4.2!'4852!,/3/;25!/36!%FI/3!*208F5?20&A2J/54I234!38!K/425!4./3!N263206/B!1B!3883!8G!
/V/7K/17K74B!G85!985C!G8KK8973;!/1023?2!12?/F02!8G!/!183/!G762!07?C!K2/V2!D7KK3200>!73bF5B>!J52;3/3?B>!/36!8??FJ/4783/KE>!
4.2!(008?7/42!0./KK!12!52048526!48!4.2!b81!J52V78F0KB!.2K6!D73!/??856/3?2!974.!02378574BE!/36!0./KK!12;73!985C!384!K/425!
4./3!,83 6 /B!G8 KK89 73;!4.2 !32W 4!J8 0426 !98 5C!0?. 26 FK2 =!!$.2!3 847?2 !48!4.2 !+I JK8 B25!I F 04!12 !/??8 I J/ 372 6!1B !/!68 ?485X0!
52K2/02!9.7?. !0J2 ?7G720!4. /4!4.2!(008?7/42!70!/1K2!48 !J 25 G8 5I!GFKKB!/KK!/00 7; 32 6 !9 8 5 C!6 F 472 0>!/ 3 6 !0F ? .!5 2K2 / 02 !IF04!12!
J52023426!48!4.2!'4852!,/3/;25!J5785!48!4.2!J80473;!8G!4.2!985C!0?.26FK2!/0!52G25526!48!/18V2=!!%892V25>!74!70!4.2!734234!
8G!4.2!J/54720!4./4!384.73;!73!4.70!J58V70783!0./KK!/GG2?4!/3B!57;.40!8G!4.2!+IJK8B25!48!?8307625!K7;.4!6F4B!985C!9.23!
/V/7K/1K2!G85!(008?7/420!9.802!J.B07?7/3!0J2?7G720!0F?.!(008?7/420!/52!J/547/KKB!670/1K26=!
!
"`=#! L3783!O2/V2!R!$.2!+IJK8B25!0./KK!;5/34!4.2!32?200/5B!47I2R8GG!974.8F4!670?57I73/4783!85!K800!8G!02378574B!57;.40!/36!
974.8F4!J/B!48!/3B!(008?7/42!6207;3/426!1B!4.2!L3783!48!/44236!/!K/185!?83V234783!85!025V2!73!/3B!?/J/?74B!83!84.25!
8GG7?7/K!L3783!1F073200>!J58V7626!4.2!+IJK8B25!70!;7V23!02V23!DPE!6/B0!3847?2!J5785!48!4.2!32W4!J80426!0?.26FK2&0J2?7GB73;!
4.2!K23;4.!8G!47I2 !8GG>!1F 4!73!38!?/ 02!0. /KK!4.2!?F I F K/47V2!K23 ;4.!8 G!47I2 !8GG!2W? 226 !83 2!D"E!B2 /5=!
!
! &4!70!F362 5 04886!4./ 4!4 . 2!3FI1 25 !8 G!(008?7/420!08!6207;3/426>!52aF20473;!4.70!K2/V2>!97KK!384!12!08!;52/4!73!484/K!85!83!/3!
7367V76F/ K!0 48 52 !1 /0 70!0 8 !/ 0!48 !/ 6 V2 50 2 KB!/ GG2 ?4 !4. 2 !J5 F 62 3 4!8 J 2 5/ 478 3 !8 G!4. 2 !+ I J K8 B 25 X0!1 F 073 2 00 =!
!
!
#P!
! &4!70!F362 5 04886!4./ 4!4 . 2!+ IJK8B2 5!0 . /KK!; 5/ 3 4 !4. 2 !3 2 ?2 00 / 5B!4 7I2!8GG!9 74. !J / B!G85!2/?.!L 3 783!'429/56!/36!(K4253/42!
'429/56D0E!G85!4.2!JF5J80 2!8G!/ 4423 673 ;!4.2 !'429 / 560 X!'2I 73 /5>!J58 V76 26 !4.2!'429/56!/36!(K4253/42!'429/56D0E!68!
/44236!4.2!'2I73/5!83!4.2!6/42D0E!48!12!02K2?426!1B!4.2!L3783=!!&4!70!/K08!F362504886!4./4!4.2!J/B!0./KK!12!27;.4!DfE!.8F50!
/4!045/7;.4R47I2>!/36!4.2!'429/56 0X!'2I 73/ 5!0./ KK!12!K7I7426 !48!83 2!D"E!' 2I 73/ 5!2/? .!B2 /5=!!$.522!D^E&'429/560!73!2/?.!
04852!97KK!12!J/76!48!/44236!4.2!'429/560X!'2I73/5=!!&3!4.2!48J!G7G4B!J25?234!DQdgE!8G!048520!D1B!0/K20!V8KFI2E>!498!D#E!
(K4253/42!'429/560!97KK!/K08!12!J/76!J58V7626!4.2B!/44236!4.2!'2I73/5=!
!
"`=^! Z25083/K!O2/V2!R!(3!(008?7/42!974.!832!D"E!B2/5j0!02378574B!85!I852!97KK>!G85!;886!?/F02!/36!FJ83!9574423!52aF204>!12!
;5/3426!/!J25083/K!K2/V2!8G!/1023?2>!974.8F4!J/B>!G85!/!J25786!384!48!2W?226!37324B!DedE!6/B0>!1F4!73!38!?/02!0./KK!/!
J25083/K!K2/V2!12!;5/3426!85!F026!G85!4.2!JF5J802!8G!J25I 74473;!/3 !(008?7/42!48!45B!8F4!G85!/384. 25!b81 =!!&4!70!F3625048 86 !
4./4!0F?.!K2/V2!9 7KK!12!;5/3 426 !/4!4.2 !670?52 4783!8G!4. 2!+IJK8B25=!
!
(008?7/420!V78K/473;!4.2!/18V2!K2/V20!8G!/1023?2!97KK!12!?830762526!/!V8KF34/5B!aF74=!
!
"`=_! ,7K74/5B!O2/V2!R!(3B!(008?7/42!?8I73;!F3625!4.2!J58V707830!8G!4.2!M2625/K!'2K2?47V2!'25V7?2!$5/7373;!(?4!8G!"e_d!0./KK!12!
524F5326!48!4.2 75!b81!/3 6 !524/73 !4.275!0 23 78 574 B!/ ?? 8 56 73 ;!4 8 !4. 2 !J5 8V 70 783 0 !8 G!4. / 4!( ? 4!/ 3 6 !740!/ I236I 2 3 40 =!
!
"`=Q! '2?F573;!Z25I700783!G85!O2/V2!R!(3B!(008?7/42!9.8!70!aF/K7G726!G85!/!K2/V2!8G!/1023?2!/0!024!G854.!73!4.70!(547?K2>!/36!9.8!
6207520!/!K2/V2!8G!/1023?2!G85!I852!4./3!G8F54223!D"_E!6/B0!0./KK!02?F52 !957442 3!J 25I 70078 3!G58 I !4.2 !%F I /3 !*2 08F 5?2 !
A2J/54I234!85!A207;322!8G!4.2!+IJK8B25!974.!/!?8JB!48!4.2!L3783!*2J520234/47V2[!4.2!K23;4.!8G!/1023 ?2 !0./KK!12!/;5226!
48!1B!4.2!+IJK8B25!/36!4.2!(008?7/42=!!$.2!K23;4.!8G!K2/V 2 !0. / KK!1 2!? 8 II230 F 5/4 2!974.!4.2!3 2 2 6=!!M / 7KF 52 !48 !?8 IJKB!974. !
4.70!J58V70783!?8FK6!520FK4!73!670?7JK732!FJ!48!/36!73?KF673;!425I73/4783=!
!
"`=`! )2325/K!Z58V707830!R!$7I2!0J234!83!K2/V2!8G!/1023?2!97KK!384!12!?8F3426!/0!47I2!985C26!G85!4.2!JF5J802!8G!9/;2!
?8IJF4/4783!/36!02378574B!97KK!?83473F2!48!/??5F2!9.7K2!83!K2/V2!8G!/1023?2=!!M/7KF52!48!52J854!1/?C!48!985C!/4!4.2!236!
8G!/!K2/V2!8G!/1023?2!0./KK!520FK4!73!(008?7/42!1273;!?830762526!/!V8KF34/5B!aF74=!!(3B!(008?7/42!/??2J473;!2IJK8BI234!
2K029.252!9.7K2!83!K2/V2!8G!/1023?2!0./KK!12!?830762526!/!V8KF34/5B!aF74>!2W?2J4!73!/!?/02!9.252!0F?.!(008?7/42!!70!83!
L3783!O2/V2=!
!
! $.2!(008?7/42!0./KK!12!I/62!9.8K2!1B!4.2!+IJ K8B25!G85!/3B!K800!73!J/B!?/F026!1B!383R?8IJK7/3?2!974.!4.70!(547?K2=!
!
"`=P! MF325/K!O2/V2!m!$.2!+IJK8B25!/;5220!48!J/B!/3!(008?7/42!G85!32?200/5B!/10 23 ?2!8 3!/? ?8 F3 4!8G!62 /4. !73!4.2 !H7I I 2 67/42 !
G/I7KBH!FJ!48!/3 6 !73?KF 673 ;!/ !I/W7IFI!8G!4.522!D^E!0?.26FK26!985C!6/B0!/4!045/7;.4R47I2!D/!I/W7IFI !8 G!G8F5!D_ E!
0?.26FK26!985C!6/B0!/4!045/7;.4R47I2 !73!4.2!2 V23 4!8G!62 /4. !8G!4.2 !(008?7/42X0!0J8F02 ! 8 5! ?.7K6E>!38 4!4 8 !2 W 4 2 3 6 !12B836!4.2!
6/B!8G!1F57/K>!J58V7626!4.2!(008?7/42!/442360!4.2!GF325/K>!1F4!73!38!?/02!97KK!4.2B!52?27V2!I852!4./3!4.2!1/07?!922CKB!
J/B=!
!
$.2!425I!H7II267/42!G/I7KBH!0./KK!I2/3!0J8F02>!J/5234>!?.7K6>!(008?7/42X0!042JRJ/5234>!042JR?.7K6>!1584.25>!070425>!G/4.25R
73RK/9 >!I 8 4. 2 5R73RK/9 >!(008?7/42X0!;5/36 J / 5 2 3 40 >! ; 5/ 3 6?.7K652 3>!85!/3B!84.25!52K/47V2!5207673;!974.!4.2!(008?7/42!85!974.!
9.8I!4.2!(008?7/42!70!5207673;=!!&3 !4. 2 !2V 2 34 !4. 2 !6 2/ 4. !73 !4 .2 !H 7I I267/42 !G/ I 7KB H!70 !4. 2 !6 2/ 4. !8 G!/ !52 K/ 47V 2!9.8!K7V20!8 F 4 !
8G!4893!/36!/6674783/K!47I2!70!32?200/5B>!4.2!+IJK8B25!97KK!;5/34!/6674783/K!47I2!8GG!974.8F4!J/B!G85!4.2!JF5J802!8G!
/4423673;!4.2!GF325/K=!!&G!/3!(008?7/42!70!3847G726 !/ 4!985C!8G!/!6 2 / 4. !73 !4. 2 !7I I267/42 !G/ I 7KB !/ 3 6!6 8 2 0!3 8 4 !?8 IJK242!.70 !
0?.26FK2!G85!4./4!6/B>!.2!0./KK!12!J/76!G85!47I2!K804!4./4!6/B!73!/6674783!48!4.2!/18V2=!!Z58V23!G/K07G7?/4783!8G!4.2!/18V2!
0./KK!12!?/F02!G85!670?./5;2=!
!
"`=f! lF5B!AF4B!R!&G!/3B!(008?7/42!70!52aF752 6 !48 !02 5V 2 !83 !/ !bF 5B >!4. 2B !0. / KK!1 2 !J/ 76 !G8 5!. 8 F 50 !32 ? 20 0/ 57KB !/ 10 2 3 4!G58 I!985C!
12?/F02!8G!0F?.!025V7?2!73!/6674783!48!bF5B!G22!52IF325/4783=!
!
! $.2!0?.26FK2!8G!'4/4F0!_!(008?7/420!0./KK!384!12!/K42526!08K2KB!G85!4.2!JF5J802!8G!/V87673;!bF5B!6F4B!J/B=!!(KK!(008?7/420>!
73?KF673; !3 7; . 4!0 .7G 4!(008?7/420>!0./KK!12!K70426!83!4.2!J80426!985C!0?.26FK2!/0!HbF5B!025V7?2H!/36!4.2!?8I17326!.8F 50!8G!
985C!/36!bF5B!6F4B!97KK!384!2W?226!27;.4!DfE!.8F50!73!/3B!832!6/B!974.!4.2!GF54.25!F362504/3673;!4./4>!FJ83!52K2/02!8G!
bF5B!025V7?2 >!0 F? . !(008?7/420!97KK!52J854!48!985C!48!?8IJK242!4.2!52I/7373;!J854783!8G!4.2!(008?7/42X0!0?.26FK2>!384! 48 !
2W?226!27;.4!DfE!.8F50=!
!
!
#f!
"`=e! 'F1J823/!R!(3B!(008?7/42!9.8!70!/10234!G58I!0?.26FK26!985C!.8F50!6F2!48!1273;!0F1J823/26!DG85!52/0830!./V73;!48!68!
974.!4.2!8J25/47830!8G!4.2!+IJK8B25X0!1F073200E!0./KK!12!J/76!G85!0F?.!.8F50!/4!045/7;.4R47I2!73!/6674783!48!0F1 J8 23 /!
52IF325/ 4783 =!
!
! (3B!(008?7/42!9.8!70!0F1J823/26!DG85!52/0830!./V73;!48!68!974.!4.2!8J25/47830!8G!4.2!+IJK8B25X0!1F073200E!6F573;!
F30?.26FK26!985C!.8F50!0./KK!12!J/76!G85!0F?.!.8F50!/4!045/7;.4R47I2!D1F4!384!K200!4./ 3!8 32 !.8F 5!/4!045/7;. 4R 47I 2 E!73!
/6674783!48!0F1J823/!52IF325/4783=!
!
! %892V25>!/3B!(008?7/42!985C73;!G7V2!DQE!6/B0>!9.8!70!0F1J823/26!83!4.275!6/B!8GG!DG85!52/0830!./V73;!48!68!974.!4.2!
8J25/47830!8G!4.2!+IJK8B25X0!1F073200E!0./KK!12!J/76!G85!0F?.!.8F50!/4!47I2!/36!832R./KG!D"!cE!4.275!52;FK/5!.8F5KB!5/42!8G!
J/B!73!/6674783!48!0F1J823/!52IF325/4783=!
!
"`="d! '4852!&3bF5720!R!&G!/3!(008?7/42!70!73bF526!8 3 !4. 2 !04 85 2!J 52 I7020!6F 573 ;!4 . 2!? 8 F 502 !8 G!. 70!2 IJK8BI 2 3 4>!/ 3 6 ! /0!/!520FK4!K8020!
47I2>!.2!0./KK!12!J/ 76!G85!0F ?.!47I 2!K80 4!83!4. 2!6/ B!8G!73bF 5B!1F 4!38 4!48!2W? 226 !27;. 4!DfE!.8 F50=!
!
"`=""! $.2!J/54720!97KK!?8IJKB!974.!4.2!425I0!/36!?836747830!8G!4.2!M/I7KB!,267?/K!O2/V2!(?4=!
!
"`="#! L3783!<8F302K85!R!$.2!L3783!0./KK!./V2!4.2!57;.4!48!6207;3/42!/!L3783!<8F302K85!73!2/?.!04852=!!&4!70!F362504886!4./4!4.2!
+IJK8B25!0./KK!;5/34!4.2!32?200/5B!47I2!8GG!G85!2/?.!L3783!<8F302K85!48!/44236!?83G2523?20!/36@85!45/7373;!02007830=!
&
"`="^!!!!!+6F?/4783/K!O2/V2!R!(3!26F?/4783/K!K2/V2 !8 G!/ 1 02 3 ?2 !I/B!12!; 5/3 4 26 !4 8 !(008?7/420!G85!4.2!JF5J802!8G!/4423673;!?8KK2;2!
85!0J2?7/K7U26!45/7373;=!(008?7/420!IF04!J58V762!4.2!+IJK8B25!68?F I 234/4783!V257GB73;!4.275!/4423673;!?8KK2;2!85!
0J2?7/K7U26!45/7373;=!!$.2!/4423673;!?8KK2;2!IF04!12!8F40762!4.2!?8345/?4!/52/=!!!(008?7/420!83!0F?.!K2/V2!0./KK!524/73!
02378574B!/36!47I2!/10234!97KK!384!?8F34!/0!47I2!985C26!489 /56!9/; 2!J58;52007830= !!
!
"`="_! (3B!(008?7/42!9.8!70!/10234!G58I!985C!G85!4.522!D^E!?8302?F47V2!985C73;!6/B0!974.8F4!3847GB73;!/!I2I125!8G!
,/3/;2I234!97KK!12!?830762526!48!./V2!V8KF34/57KB!aF74=!
",!-)$%&.@/&'!7%,&5%*%,"$&<',8-*5&)'*0-!-'*+&
"P="! (008?7/42!A5200!R!(3B!F37G85I!622I26!32?200/5B!1B!4.2!+IJK8B25!G85!740!(008?7/420!0./KK!12!GF5370.26!1B!4. 2 !+ IJK8B25=!
!
! $.2!+IJK8B25!./0!4.2!57;.4!48!204/1K70.!/!52/083/1K2!65200!?862!G85!(008?7/420=!!&3!048520!9.252!F37G85I0!/52!J58V7626!
1B!4.2!+IJK8B25]!!
!
/E $.2!+IJK8B25!0./KK!./V2!4.2!57;.4!48!52aF752!4.2!524F53!8G>!85!J/BI234!G85>!?K84.73;!0FJJK726!1B!4.2!+IJK8B25!FJ83!
/3!(008?7/42X0!425I 73 / 4 78 3 = !
!
1E $.2!+IJK8B25!0./KK!./V2!4.2!57;.4!48!K7I74!/??20085B!742I0!9853!48!4.802!73!4.2!?/4/K8;F2!/36!4.802!07I7K/5!73!4BJ2!
/36!?8K85=!
!
?E -/I2!1/6;20!/52!52aF7526=!
6E (008?7/420X!0.820!IF04!12!9. 742>!4/3>!158 9 3>!85!1K/ ?C!/3 6!I F 04!12 !?K2/3 !/36 !/J J58 J57/42 !/3 6!/6 2a F/ 42KB!J58 42? 4!
4.2!G224!D?K84.!032/ C2 50!/36 @8 5!0/3 6/K0!/52 !38 4!J25I74426E=!
2E &G!092/4250!/52 !9 8 5 3 >!4. 2 B!0 . /KK!12!32/4!/ 3 6 !J 5 20 2 3 4/ 1 K2!/ 3 6 !8 G !/!0 8 K76 >!0F 1 6F26!?8 K8 5 =!
GE $.2!(008?7/42!97KK!/6.252!48!5FK20!/36!52;FK/47830>!?8IJ/3B!J8K7?720>!/36!K8?/K>!04/42>!/36!G2625/K!I/36/420!52K/426!
48!65200!?862=!!
!
"P=#! $7I2!<K8?C0@<8IJF4257U26!*2?85673;!R!$.2!+IJK8B25!0./KK!?83473F2!48!J58V762!47I2!?K8?C0!73!2/?.!8G!4.275!048520!
4.58F;.8F 4!4.2 !K7G2!8G!4.70!(;52 2I 23 4!G85!4. 2!JF 5J8 02!8 G!52?8 5673 ;!.8 F50!9 8 5C26 !1B!2 /?. !(008?7/42!?8V2526!1B!4.70!
(;522I234=!
!
#e!
!
! &3!048520 !9.252!?8 IJF425 7U2 6 !52 ? 8 56 73 ; !8 G!. 8 F 5 0!70 !F 0 26 >!4.2!+IJ K8 B 2 5!0. / KK!GF 5 3 70. !/ !922CKB!?8 IJF425 !J 573 4R8F4!0.224>!
FJ83!52aF204>!48!(008?7/420!0.8973;!4.2!J/B58KK!23673;!6/42>!3/I2!8G!(008?7/42>!484/K!.8F50 !9 8 5 C 2 6 !D0 45 / 7; . 4R47I2!
.8F50>!8V2547I2!.8F50>!/36!J52I7FI!J/B!.8F50E=!
!
! $.2!+IJK8B25!/36!4.2!L3783!/;522!4./4!/!J58V23!V78K/4783!8G!204/1K70.26!52?85673;!8G!.8F50>!9.24.25!.8F50!/52!
52?85626!1B !/!47I 2!?K8? C!85!?8 I J F42 5>!73?KF6 73; !98 5C73; !12G8 52!8 5!/G425!52? 856 73; !47I2 >!I /B!0F 1b2? 4!0F?. !(008?7/42!48!
670?7JK73/5B!/?4783>!FJ!48!/36!73?KF673;!670?./5;2=!
!
! N.23!52aF20426!48!68!08>!4.2!+IJK8B25!97KK!I/C2!0F?.!52?8560!/V/7K/1K2!48!/3 !/F 4.8 57U26 !52J 52023 4/47V 2!8G!4. 2!L3 783 !
G85!2W/I73/ 4783 =!
!
! $7I2!97KK!12!G7;F526!83!4.2!1/070!8G!/3!27;.4!DfE!I73F42!152/C[!FJ!48!27;.4!DfE!I73F420>!38!J/B[!27;.4!DfE!I73F420!FJ!48!
/36!73?KF673;!G7G4223!D"QE!I73F420>!G7G4223!D"QE!I73F420!J/B=!!(008?7/420!97KK!384!12!0?.26FK26!48!985C!4.2!02V23!DPE!
I73F420!/G425!4.2!aF/5425!.8F5=!
!
! M85!4.2!JF5J802!8G!4.70!'2?4783>!38!(008?7/42!97KK!12!52aF7526!48!985C!4.2!02V23!DPE!I73F420!12G852!85!/G425!4.275!
0?.26FK2=!!(008?7/420!/52!2WJ2?426!48!985C!/??85673;!48!J80426!9 85C!0?.26 FK2!F3K200!?./3;20!/52!/JJ 58V26 !1B!
,/3/;2I234=!
!
"P=^! Z/B6/B!R!$.2!+IJK8B25!0./KK!204/1K70.!/!52;FK/5!J/B6/B!/36!GF5370.!48!2/?.!(008?7/42!83!0F?.!J/B6/B!/!9/;2!04/42I234!
0.8973;!4.2!J/B58KK!236 73 ; !6 /4 2>!3 / I 2 !8 G!(008?7/42>!484/K!.8F50!98 5 C 2 6 >!48 4 / K!/ I8F34 !8 G!9/;20!J / 76>!/36!742 I7U26!
626F?47830!I/62!4.252!G58I=!
!
"P=_! Z8KB;5/J.!$204!R!-8!(008?7/42!97KK!12!52aF7526!48!4/C2!/!J8KB;5/J.!85!52K/426!4204=!
!
"P=Q! (008?7/420!83!AF4B!R!$.2!+IJK8B25!/;5220!4./4!4.252!97KK!12!/!I737IFI!8G!498!D#E!(008?7/420>!384!32?200/57KB!I2I1250!
8G!4.2!1/5;/7373;!F374>!73!4.2!04852!/4!/KK!47I20!9.23!985C!70!52aF7526=!
!
"P=`! $5/V2K!+WJ2302!R!&3!?/02!8G !42 I J85/5B!45/ 3 0 G2 5!/ 4!4.2!52aF 20 4!8G!4.2!+IJK8B25!73V8KV73;!/6674783/K!45/30J854/4783!?804>!
(008?7/420!97KK!12!527I1F5026!/4!4.2!0/I2!5/42!J25!I7K2!/0!70!/JJK7?/1K2!48!,/3/;2I234=!
!
"P=P! '/G24B!83!4.2!l81!m!N.252!I/?.7320!0F?.!/0!I2/4!;5736250>!0/90>!?F173;!I/?.732>!24?=!/52!2aF7JJ26!974.!;F/560!G85!4.2!
J5842?4783!8G!4.2!(008?7/420>!0F?.!;F/560!IF04!12!F026=!!(4!4.2!52aF204!8G!274.25!J/54B!974.!52/083/1K2!/6V/3 ?2!3847?2>!
183/!G762!F30/G2!?836747830!73!/!04852!97KK!12!670?F0026!1249223!4.2!+IJK8B25!/36!4.2!L3783=!
!
$.2!+IJK8B25!0./KK!GF5370.!/3B!85!/KK!488K0!32?200/5B!48!1/5;/7373;!F374!(008?7/420!48!J25G85I!4.2!b81!52aF7526=!!&3!
/6674783>!/!G7504!/76!C74!97KK!12!GF5370.26!/36!I/734/7326!1B!4.2!+IJK8B25!/4!/KK!47I20=!
!
$.2!+IJK8B25!0./KK!J804!0/G24B!5FK20!974.73!4.2!I/5C24=!
!
"P=f! <8V25/;2!R!,2/4!A2J/54I2340!R!(!l8F532BI/3!D4.70!73?KF620!/!,2/4!A2J/54I234!,/3/;25!/36!(00704/34!,2/4!
A2J/54I234!,/3/;25E!8G!4.2!,2/4!A2J/54I234!0./KK!12!83!6F4B!1249223!4.2!.8F50!8G!f]dd!/=I=!48!Q]^d!J=I=!J58V7626!
0FGG7?7234!l8F532BI23!9.8!9252!83!4.2!J/B58KK!/0!8G!A2?2I125!"">!"efe!/52!/V/7K/1K2!48!?8V25!0F?.!0?.26FK20=!!(!
I2I125!8G!4.2!1/5;/7373;!F374!97KK!12!F026!48!?8V25!4.2!I2/4!I/5C24!G58I!Q]^d!J=I=!F347K!""]dd!J=I=!!-8!84.25!
(008?7/42!97KK!12!.7526!85!J58I8426!48!G7KK!4.2!?8V25/;2!J58V70783!/0!8F4K7326!/18V2=!
!
! &G!/!,2/4!<K25C!<F4425!70!02K2?426!/0!/!,2/4!A2J/54I234!,/3/;25!85!/3!(00704/34!,2/4!A2J/54I234!,/3/;25!/36!
52I/730!73!4.2 !?K/007G7?/ 4783 !G85!/!I 73 7I FI !8G!832!D"E!?8 3473F8F0!B2/5>!4.2B!97KK!12!52?K/007G726!/0!/!l8F532BI/3 !, 2/ 4!
<F4425!7G!4.2!J8074783!8G !52 0J 8 3 071 7K74B !70!73 V 8 KF 3 4/ 57KB! 52K73 aF 70.2 6!73!4. 2!GF4F 52=!!&G!/ !,2/4!A2J/54I234!,/3/;25!85!
(00704/34!,2/4!A2J/54I234!,/3/;25!V8KF34/57KB!52K73aF70.20!4.275!J8074783!/G425!832!D"E!B2/5!85!I852>!4.2B!97KK!12!4/C23!
1/?C!48!4.275!857;73/K!J/B!/36!J8074783!J5785!48!4.275!J58I84783=!
!
!
^d!
! l8F532BI /3 !,2/4!<F4425!R!!(!l8F532BI /3 !83!4.2!J/B58KK!/0!8G!A2?2I125!"">!"efe!97KK!12!0?.26FK26!73!.70!04852!FJ!48!
27;.4!DfE!.8F50!/!6/B!12G852!/!329!.752!,2/4!<K25C!D.7526!/G425!M215F/5B!"P>!"ef#E!I/B!12!0?.26F K26!8 3!4. /4!6/ B= ! !
",!-)$%&.A/&2*-'*&)''1%,"!-'*&
"f="! $.2!L3783!/;5220!48!FJ.8K6!4.2!5FK20!/36!52;FK/47830!8G!4.2!+IJK8B25!73!52;/56!48!JF3?4F/K!/36!042/6B!/44236/3?2>!
J58J25!/36!0FGG7?7234!3847G7?/4783!73!?/02!8G!32?200/5B!/1023?2>!?836F?4!83!4.2!b81!/36!/KK!84.25!52/083/1K2!5FK20!/36!
52;FK/47830!204/ 1K70. 26 !1B!4.2 !+I J K8B 25=!
!
"f=#! $.2!L3783!/;5220!48!?88J25/42!974.!4.2!+IJK8B25!73!I/734/7373;!/36!7IJ58V73;!0/G2!985C73;!?836747830!/36!J5/?47?20>!
73!7IJ58 V 73; !4. 2 !? K2/ 3 K73 20 0!/ 3 6 !; 8 86 !. 8 F 02 C 22 J 73 ; !8G !4. 2!0 48 52 0 !/3 6 !73 !? /573 ; !G8 5!2 a F 7J I 2 3 4!/ 3 6 !I / ? . 732 5B = !
!
"f=^!! $.2!L3783!/;5220!48!?88J25/42!73!?8552?473;!732GG7?723?720!8G!I2I1250>!9.7?.!I7;.4!84.259702!32?20074/42!670?./5;2=!
!
"f=_! $.2!L3783!52?8;37U20!4.2!3226!G85!7IJ58V26!I24.860!/36!8F4JF4!73!4.2!73425204!8G!4.2!(008?7/420!/36!4.2!1F073200!/36!
/;5220!48!?88J25/42!974.!4.2!+IJK8B25!73!4.2!7304/KK/4783!8G!0F?.!I 24. 86 0>!73!0F;; 20473 ;!7IJ 58V 26 !I 24. 86 0>!/36!73!4.2!
26F?/4783!8G!740!I2I1250!73!4.2!32?20074B!G85!0F?.!?./3;20!/36!7IJ58V2I2340=!
!
"f=Q! $.2!L3783!52?8;37U20!4.2!3226!G85!?83025V/4783!/36!4.2!2K7I73/4783!8G!9/042!/36!/;5220!48!?88J25/42!974.!4.2!
+IJK8B25!73!0F;;20473;!/36!J5/?47?73;!I24.860!73!4.2!73425204!8G!?83025V/4783!/36!9/042!2K7I73/4783=!
",!-)$%&.B/&+%1","!-'*&1";&
"e="! (3B!M886&(008?7/42!?K/007G726!/0!'4/4F0!"!85!'4/4F0!^!9.8!70!02J/5/426!G85!73?8IJ2423?2>!85!9.8!70!J25I/3234KB!K/76!8GG!
6F2!48!526F?4783!8G!4.2!985C!G85?2>!0./KK!12!23474K26!48!832!922CX0!3847?2!85!832!922CX0!J/B!73!K72F!8G!3847?2=!!'F?.!
3847?2!85!J/B!73!K72F!8G!3847?2!0./KK!384!/JJKB!48!/3!(008?7/42!670?./5;26!G85!J58J25!?/F02=!
",!-)$%&3C/&!%)7*'$'5 -)"$&)7"*5%&
#d="! &3!4.2!2V 2 3 4!4. / 4!4 . 2 !+ I J K8 B 2 5!? 8 3 42 IJK/420!4 . 2!73 4 58 6 F ? 478 3 !8 G !I / b8 5 !42 ?. 3 8 K8 ; 7? /K!? . / 3 ;2 0 !/G G2 ?473 ; !1 / 5; / 73 73 ; !F 3 74!
985C>!/6V/3?2!3847?2!8G!0F?.!?./3;2!97KK!12!;7V23!48!4.2!L3783=!!&G!52aF20426!48!68!08>!4.2!+IJK8B25!97KK!I224!974.!4.2!
L3783!48!670?F00!4.2!7IJK2I234/4783!8G!0F?.!?./3;20!12G852!JF4473;!0F?.!?./3;20!7348!2GG2?4=!
!
$.2!+IJK8B25!/36!4.2!L3783!52?8;37U2!4./4!42?.38K8;7?/K!?./3;2!73V8KV73;!?2 54 /73 !/ F 48 I/426!2a F 7J I234!70!38 9!
/V/7K/1K2!48!4.2!G886!736F045B=!!&3!52?8;374783!8G!4.70>!4.2!J/54720!/;522!4./4]!
!
/E N.252!7304/KK/4783!8G!/3B!0F?.!2aF7JI234!97KK!I/4257/KKB!/GG2?4!1/5;/7373;!F374!985C>!4.2!L3783!97KK!12!J52R3847G726!
1B!4.2!+IJK8B25=!
!
1E $.2!+IJK8B25!./0!4.2!57;.4!48!7304/KK!0F?.!2aF7JI234=!
!
?E (3B!45/7373;!85!32?200/5B!5245/7373;!97KK!12!GF5370.26 >!2WJ2 302!G522>!1B!4.2!+I JK8B25!48!/GG2?426!(008?7/420=!
!
N.252!/3B!(008?7/420!98FK6!12!670JK/?26!1B!0F?.!7304/KK/4783>!4.2!+I JK8 B25!9 7KK!I/C 2!2V 25B!2GG8 54!48!/GG2 ?4!/!45/3 0G25!73!
/??856/3?2!974.!4.2!45/30G25!J58V707830!8G!4.2!(;522I234=!
!
&G!/!'4/4F0!"!85!'4/4F0!^!(008?7/42!9.8!./0!/V25/;26!/4!K2/04!4.754B!D^dE!.8F50!J25!922C!G85!4.2!27;.4!DfE!922C0!J52?2673;!
670JK/?2I234!70!384!5245/7326!85!45/30G25526!/36!98FK6!12!670JK/?26!/0!/!6752?4!520FK4!8G!I/b85!42?.38K8;7?/K!?./3;2>!/0!
62G7326!/18V2>!4.23!4.2!(008?7/42!98FK6!aF/K7GB!G85!02J/5/4783!J/B!7G]!!
!
/E $.2!(008?7/42!./6!498!D#E!85!I852!B2/50!8G!GFKKR47I2!025V7?2[!
!
1E A820!384!52GF02!/!45/30G25!974.73!4.2!1/5;/7373;!F374!/52/!/0!8F4K7326!73!4.2!(;52 2 I 2 3 4[!
!
!
^"!
?E A820!384!52GF02!48!12!5245/7326!85!52/007;326[!
!
6E 'F?.!/?4783!6820!384!8??F5!I852!4./3!07W!D`E!I834.0!G58I!6/42!8G!7304/KK/4783[!
!
2E A820!384!V8KF34/57KB!425I73/42!2IJK8BI234=!
!
'2V25/3?2!J/B!DG85!4.802!(008?7/420!?8V2526!73!'2?4783!#d=#!D2E!/18V2E!98FK6!12!J/76!/4!4.2!5/42!8G!832!922CX0!J/B!G85!
2/?.!B2/5!8G!?83473F8F0!GFKKR47I2!025V7?2!384!48!2W? 22 6!07W!D`E!9 22 C0=!
!
'2V25/3?2!J/B!98FK6!2aF/42!4.2!/V25/;2!3FI125!8G!.8F50!985C26!4.2!27;.4!DfE!922C0!J52?2673;!670JK/?2I234>!384!48!
2W?226!G854B!D_dE!.8F50!045/7;.4R47I2!J/B=!
",!-)$%&3./&+!',%&)$'+-*5&
#"="! &3!4.2!2V 2 3 4!4. / 4!4 . 2 !+ I J K8 B 2 5!J 2 5I/323 4KB !?K8 0 20 !8 5!0 2 KK0!/ !04 8 52>!/3 6 !(008?7/420!/52!425I73/426!/0!/!520FK4!4.2528G>!
02J/5/4783!J/B!97KK!12!J/76!F3625!4.2!?836747830!624/7K26!12K89=!
!
! (3!(008?7/42!9.8!./0!/V25/;26!/4!K2/04!4.754B!D^dE!.8F50!J25!922C!G85!4.2!27;.4!DfE!922C0!J52?2673;!4.275!02J/5/4783!6F2!
48!4.2!0/K2!85!?K8073;!9 7KK!aF/K7GB!G85!02 J/ 5/4783 !J/ B!7G]!
!
/E $.2!(008?7/42!./6!498!D#E!85!I852!B2/50!8G!025V7?2!
!
1E A820!384!52GF02!/!45/30G25!974.73!4.2!1/5;/7373;!F374!/0!8F4K7326!73!4.2!(;522I234>!85!5245/7373;!85!52/007;3I234!73!
?8332?4783!4.252974.!
!
?E A820!384!V8KF34/57KB!425I73/42!2IJK8BI234!
!
! 'F?.!(008?7/420!97KK!12!J/76!/4!4.2!5/42!8G!832!922C X0!J/B !G85!2/? .!B2 /5!8G!?8 3473 F8 F0!GF KKR47I2!02 5V7?2>!38 4!48!2W ?22 6!07W!
D`E!922C0=!
!
! '2V25/3?2!J/B!97KK!2aF/42!4.2!/V25/;2!3FI125!8G!.8F50!985C26!73!4.2!27;.4!DfE!922C0!J52?2673;!02J/5/4783>!384!48!
2W?226!G854B!D_dE!.8F50!045/7;.4R47I2!J/B=!
!
! $.2!+IJK8B25!0./KK!?83473F2!?834571F47830!48!4.2!Z230783!/36!%2/K4.!/36!N2KG/52!$5F04!MF360!G85!4.522!D^E!I834.0!
G8KK8973;!4.2 !425I 73 /4783 !8G!4. 802 ! (008?7/420!9.8!/52!2K7;71K2!G85!0F?.!J/BI2340>!/36!9.8!52?27V2!02J/5/4783!J/B>!
2W?2J4!G85!4.802!(008?7/420!9.8!02?F52!2IJK8BI 234!974.!/3!/K52/6B!?83 4571F473;!+I JK8B25=!
!
! (008?7/420!9.8!52?27V2!02J/5/4783!J/B!0./KK!/K08!12!23474K26!48!.8K76/B!J/B!/0!J520?57126!73!4.2!?8345/?4!G85!/3B!.8K76/B!
4./4!G/KK0!974.73!/!J25786 !8G!4.754B!D^dE!6/B0!/G425!425I73/4783=!
!
! (KK!I83720!6F2!(008?7/420!0./KK!12!J/76!73!/!KFIJ!0FI!FJ8 3!425I73/ 4783=!
!
! (3B!(008?7/42!9.8!70!425I73/426>!/36!9.8!70!2K7;71K2!G85!/36!/??2J40!02V25/3?2!J/B>!G85G2740!/KK!02378574B!/36!52?/KK!57;.40=!!
(3!(008?7/42!9.8!6820!384!/??2J4!02V25/3?2!J/B!0./KK!524/73!4.275!52?/KK!57;.40!G85!/!J25786!8G!07W!D`E!I834.0>!/36!7G!047KK!
384!52?/KK26!1B!4.2!+IJK8B25>!0./KK!4.23!52?27V2!4.275!02V25/3?2!J/B!/36!./V2!38!GF54.25!52?/KK!57;.40=!
!
! &G!/!04852!70 !08 K6!/36!4.2!0F? ?20 085!+IJK8B25!8GG250!2I J K8B I 23 4!48!/3 !(008?7/42!9.8!70!84.259702!2K7;71K2!G85!02V25/3?2!
J/B!F3625!4.2!425I0!8G!4.70!(547?K2!/36!4.2!329!b81!70!?8IJ/5/1K2>!4.23!38!J58V707830!8G!4.70!(547?K2!0./KK!/JJKB=!
!
! $.2!+IJK8B25!/;5220!48!;7V2!(008?7/420!/36!4.2!L3783!/4!K2/04!4.754B!D^dE!6/B0!3847?2!73!/6V/3?2!8G!/!04852!?K8073;!85!
0/K2=!!N.23!0F?.!3847?2!70!;7V23>!(008?7/420!0./KK!52I/73!974.!4.2!+IJK8B25!F347K!4.2!?K8073;!85!G85G274!4.275!57;.40!F3625!
4.70!(547?K2>!F3K200!/3!2W?2J4783!70!IF4F/KKB!/;5226!48!73!957473;!1B!4.2!+IJ K8B25!/36!4.2!(008?7/42!974.!/!?8JB!48!4.2!
L3783=!
! ! !
!
^#!
! -8!1232G740!0./KK!/??5F2!F3625!4.2!425I0!8G!4.70!(547?K2>!F3K200!4.2!+IJK8B25!I/C20!/!1F073200!62?70783!48!?K802!85!02KK!/!
04852=!!&G!/!04852!?K8073;!70!?/F026!1B!G752>!GK886>!0485I>!K/36!?8362I3/4783>!4.23!4.70!(547?K2!0./KK!384!/JJKB=!
!
(3B!V/?/4783!J/B!85!.8K76/B!J/B!J/76!48!4.2!(008?7/42!/4!425I73/4783!97KK!12!1/026!83!4.2!.7;.204!5/42!8G!J/B!J/76!48!4.2!
(008?7/42!6F573;!4.2!832!B2/5!J5785!48!4.2!52?2 7J4!4. 2528 G=!
",!-)$%&33/&7%"$!7&"*0&<%$$*%++!
$.2!+IJK8B25!0./KK!GF36!1232G740!G85!/?47V2!2K7;71K2!(008?7/420!73!/??856/3?2!974.!4.70!02?4783!/0!J25!JK/3!6207;30!0J2?7G726!73!
(JJ2367W!+>!/36!2K7;71K2!5247526!(008?7/420!/0!0J2?7G726!73!(JJ2367W!M=!
&
##="! +IJK8B25!%2/K4.!/36!N2KK3200!MF3673;!D(?47V2!+IJK8B220E]&!+GG2?47V2!974.!4.2!I834.!G8KK8973;!5/47G7?/4783!8G!4.70!
(;522I234!DdP@#e@#d"_E>!4.2!+IJK8B2 5!0./ KK!42I J 85/ 57KB!?2/ 02!I / C73; !?8 34571 F478 30!48 !4.2!% 2 /54K/3 6!% 2/ K4.!/3 6!
N2KK3200!MF36!D.25273/G425!52G25526!48!/0!4.2!hMF36TE!F347K!0F?.!47I2!/0!4.2!52025V20!/52!J58b2?426!48!G/KK!12K89!/!
52025V2!4/5;24!8G!kQ dd>d dd=!!$. 252 /G425>!?K/7I0!/36!84.25!J K/3 !?8040!G8 5!2WJ 23 020!52K/ 426 !48!JK/ 3!?K/7I0!G85!I267?/ K!/36 !
J520?57J4783!?8V25/;2!/44571F426!48!:58;25!(008?7/420!?8V2526!1B!4.70!(;522I234!0./KK!12!J/76!48!4.2!MF36!73!/??856/3?2!
974.!4.2!?8IJ/3Bj0!rZ/00!$.58F;.j!J58?200!73!/6674783!48!I834.KB!?834571F47830!52K/426!48!2WJ23020!52K/426!48!A234/K>!
\70783>!A70/17K74B!/36!O7G2=!!(F48I/426!<K2/573;!%8F02 !D(< %E!?K/ 7I0 !J/B I 23 40!/36 !?8 34571F 4783 0!0./ KK!12!I /6 2!48!4. 2!
GF36!73!0F?.!/ !I /3 32 5!4./4!4. 2!MF 3 6!?/ 3!I / 734/73 !4.2 !I 737I F I !520 25V2 !8G!kQ dd >ddd =!!$.2 !hJ/ 00R4.58 F; .T !/I 8F 340 !0./KK!
12!0F1I74426!1B!4.2!+IJK8B25!974.73!02V23!DPE!6/B0!FJ83!2K2?45837?!3847?2!1B!4.2!MF36 =!!$.2!+IJK8B25!0./KK!7362I37GB!
4.2!MF36!G85!:58 ;2 5!/44571F 426 !?K/7I 0!1B!/3 6 !974. !4.2!;8 86 !G/74.!/3 6 !?526 74!8G!$.2 !:58; 25!<8 I J /3 B>!48!73?KF6 2!/3 !
/I8F34!8G!/??5F26!K7/17K74B!G85!&3?F5526!YF4!-84!*2J85426!D&Y-*E!?K/7I0!/44571F4/1K2!48!:58;25!(008?7/420=!!$.2!MF36j0!
?830FK4/34!0./KK!62425I732!/33F/KKB!4.2!/I8F34!8G!&Y-*>!/36!83!/!J257867?!1/070!/0!52aF7526!1B!4.2!45F04220>!4./4!/4!/KK!
47I20!6F573;!4.2 !B2/ 5!4.2!I 737I F I !5202 5V2!8 G!kQdd >ddd !70!J58J 25KB!I / 734/732 6!08 !4./ 4!4.252 !0./ KK!12!0FGG7?723 4!/002 40!73!
4.2!MF36j0!/?? 8F 340!48 !0/470GB!?K/7I 0!/3 6!8 4.2 5!?8040 !/44571F 4/1 K2!48!4.2 !:58; 25!<73 ?733 /47RA/B483!?8345/?4=!!&4!70!/K08!
F362504886!4./4!4.2!MF36!0./KK!670?83473F2!/36!2W?KF62!:58;25!?K/7I0!G58I!048J!K800!?8V25/;2!9.23!4.2!?F55234!048J!
K800!?8V2 5/ ; 2!4 25 I !2 WJ 75 20 !8 5!F 3 62 5!4 25 I 0 !8 G!4. 2 !V2 3 6 8 5!/ ;52 2 I234!12!4 25 I 73 / 42 6 =!
!
<834571F47830!/44571F426!48!/6I737045/47V2!G220>!A234/K>!\70783>!A70/17K74B>!/36!O7G2!0./KK!12!204/1K70.26!73!/??856/3?2!974.!
/!I834.KB!5/42!024!1B!4.2!45F04220!D9.7?.!0./KK!73?KF62!/!G/?485!G85!45236E>!/36!0./KK!12!0F1I74426!48!4.2!MF36!1B!4.2!
4234.!D"d
4.
E!6/B!8G!2/?.!I 8 34. =!!$.2 !?83 4571F 4783 !5/420 !G85!/6 I 7370 45/478 3>!A2 34/ K>!\70783 >!/36 !A 70/1 7K74B!0./KK!12!/6bF0426!
/33F/KKB!2GG2?47V2!l/3F/5B!"!73!/??856/3?2!974.!4.2!;F762K7320!204/1K70.26!1B!4.2!$5F04220!8G!4.2!ZK/3!/36!/0!62425I7326!
1B!4.2!MF36j0!?830FK4/34=!$.2!+IJK8B25!/;5220!48!2W2?F42!4.2!04/36/56!Z/547?7J/4783!(;522I234!974.!4.2!MF36!/36!
84.259702!?8IJKB!9 74. !/KK!5FK20!/3 6!52 ;FK/ 4783 0!/0!J52 0?571 26 !1B!4.2 !MF 36 j0!$5F04!( ;522 I 2 34=&
&
##=#! *2V250783!48!Z52V78F0!,24.86!8G!$/G4R%/54K2B!MF3673;]&&(0!J520?57126!73!02?4783!##=">!:58;25!/;5220!48!J/B!740!J854783!8G!
JK/3!?8040!G85!740!2K7;71K2!2IJK8B220!G85!4.2!425I!8G!4.70!/;522I234!/36!/3B!2W2?F426!2W4230783=!!:58;25!97KK!J/B!4.2!JK/3!
?8040!73?F5526!83!85!12G852!4.2!236!8G!4.2!I834.!73!9.7?.!4.2!?8345/?4!85!2W4230783!2WJ7526>!/K83;!974.!/3B!r&3?F5526!
YF4!-84!*2J85426j!?K/7I0!4./4!8??F5!J5785!48!0F?.!6/42=!!$.2!J/54720!I / B!/ ;52 2 !48!I867GB!4. 2!J K/ 3!8 G!1 2 32 G740 !73!8 56 2 5!48 !
?83473F2!F3734255FJ426!1232G740!F347K!0F?.!47I2!/!329!/;522I234!70!52/?.26=!
!
(4!4.2!2WJ75/4783!8G!4.70!/;522I234>!7G!4.2!J/54720!/;522!48!52V254!1/?C!48!4.2!GF3673;!8G!/!$/G4R%/54K2B!%2/K4.!ZK/3>!4.23!
:58;25!/36!LM<N!O8?/K!PQ!97KK!1/5;/73!/!?834571F4783!5/42!4./4!97KK!GF36!4.2!JK/3!8G!1232G740!4./4!97KK!12!73!JK/?2!G85!4.2!
329!/;522I234!/36!4.2!52aF7526!52025V20!8G!^=PQ!I834.0!8G!J580J2?47V2!JK/3!2WJ23020=!!$.2!MF36!<830FK4/34!97KK!
762347GB!4.2!/JJ58J57/ 42!4523 6!/3 6!/ !?83 4571F 4783!5/42 !32 26 26 !48!GF3 6!4.2 !JK/3 !8G!12 32 G740!/36 !4.2 !52aF 7526 !52025V 20!8G!
^=PQ!I834.0!8G!J580J2?47V2!2WJ23020!/36!:58;25!0./KK!J/B!0F?.!5/42!/6bF0426!1B!4.2!<830FK4/34=!
!
&3!4.2!2V 2 3 4>!6 F 573 ; !4.2!425I !8 G!4. 70 !/ ;5 22 I234>!4.2!LM <N !/ 36 !:58; 25!32 ;8 47/42!/3 !/K4253 /47V2 !I2 4.8 6!8 3!4. 2!GF3 673 ;!
/36!J/BI234!8G!?K/7I0>!85!52V250783>!4.2!J/54720!I/B!/68J4!0F?.!/K4253/47V2!1B!IF4F/K!/;522I234=!
!
##=^! +IJK8B22!%2/K4.!/36!N2KK3200!+K7;717K74B!/36!<8V25/;2!8G!A2J2362340]!!+K7;717K74B!48!2358KK!/36!52I/73!2358KK26!0./KK!12!
;8V25326!1B!4.70!/;522I234!/36!4.2!5FK20!8G!4.2!MF36=!
!
!
^^!
/E MFKKR47I2!'4/4F0!"!(008?7/420!9.8!9252!2358KK26!73!.2/K4.!?/52!J5785!48!5/47G7?/4783!DdP@#e@#d"_E0./KK!524/73!
.2/K4.?/52!/36!12!?830762526!2K7;71K2!G85!02KGR?8V25/;2!F3K200!6F573;!/3!/;5226!FJ83!04/426!I2/0F52I234!J25786!
4.2B!/V25/;2!K200 !4./3 !#Q!. 8F 50!J2 5!92 2C=!!MFKKR47I2!'4/ 4F0!" !(008?7/420!2358KK26!73!.2/K4.!?/52!J5785!48!5/47G7?/4783!
DdP@#e@"_E!9.8!/V25/;2!#f!.8F50!85!I852!J25!922C!6F573;!4.2!/;5226!FJ83!r04/426!I2/0F52I234!J25786j!DS?48125!
"!4.58F;.!'2J42I125!^d!/33F/KKBE!I/B!2358KK!73!/6674783!48!02KGR?8V25/;2>!62J236234!?.7K6523!/36!0J8F020!D9.8!68!
384!84.259702!./V2!/??200!48!/GG856/1K2!.2/K4.?/52!/0!J520?57126!1B!4.2!(<(!4.58F;.!/3B!84.25!J57V/42!85!
;8V253I234!23474B>!2W?KF673;!4.2!JF1K7?!2W?./3;2E=!!!
!
MFKKR47I2!'4/4F0!"!(008?7/420!2358KK26!/G425!dP@#e@#d"_!K802!4.2!/17K74B!48!524/73!073;K2!85!G/I7KB!?8 V25/ ;2!7G!4. 2 B!G/ 7K!
48!I/734/73!/3 !/V2 5/;2 !#f!. 8F 50!J25!9 2 2C!6 F573; !4.2!/ ;522 6!FJ 8 3!04/42 6!I 2 /0F 52I 2 34!J 25786 !85!/0!84.259702!
0J2?7G726!73!'2?4783!##=`!8G!4.70!(;522I234=!
!
1E +GG2?47V2!"R"R#d"Q>!7G!(008?7/42!70!2K7;71K2!G85!0J8F02!I267?/K!/36!65F;!?8V25/;2>!1F4!4.2!0J8F02!./0!84.25!(<(!
?8IJK7/34!I267?/K!/36!65F;!?8V25/;2>!4.58F;.!/384.25!2IJK8B25>!2W?2J4!:58;25>!4.2!0J8F02!70!2W?KF626!G58I !
I267?/K!/36!65F;!?8V25/;2!1F4!I/B!?8V25!4.2!0J8F02!G85!6234/K!/36!V70783!?8V25/;2!/4!/!?804!8G!k#=dd!J25!922C=!
!
?E MFKKR47I2!'4/4F0!^!(008?7/420!9.8!9252!2358KK26!73!.2/K4.!?/52!J5785!48!5/47G7?/4783!DdP@#e@#d"_E!0./KK!524/73!
.2/K4.?/52!/36!12!?830762526!2K7;71K2!F3K200!6F573;!/3!/;5226!FJ83!04/426!I2/0F52I234!J25786!4.2B!/V25/;2!K200!
4./3!#Q!.8F 50!J2 5!92 2C=!!MFKKR47I2!'4/4F0!^! (008?7/420!9.8!/V25/;2!^d!.8F50!85!I8 52!J25!922C!6F 573;!4.275!73747/K!
I2/0F52I234!J25786!85!4.2!/;5226!FJ83!r04/426!I2/0F52I23 4!J2578 6j!DS ?481 25!" !4.58F ;. !'2J 42I 1 25!^d !/3 3F /KKBE>!
I/B!2358KK!73!/6674783!48!02KGR?8V25/;2!62J236234!?.7K6523!2GG2?47V2!974.!4.2!#d"`!JK/3!B2/5!2358KKI234=!-29KB!
.7526!MFKKR47I2!'4/4F0!^!(008?7/420!.7526!974.!4.2!2WJ2?4/4783!4./4!4.2B!97KK!985C!/3!/V2 5/ ;2 !8 G!^ d !8 5!I852!.8 F5 0>!
0./KK!12!2K7;71K2!G85!2358KKI234!4.2!G7504!8G!4.2!I834.!G8KK8973;!`d!6/B0!8G!2IJK8BI234=!!!
!
MFKKR47I2!'4/4F0!^!(008?7/420!2358KK26!/G425!dP@#e@#d"_!K802!4.2!/17K74B!48!2358KK!G/I7KB!J/547?7J/340!7G!4.2B!G/7K!48!
I/734/73!/3!/V25/; 2!# f !. 8 F 50!J 2 5!922C!6F 573 ;!4 .2 !/ ; 522 6 !F J 8 3 !04/ 42 6 !I2/0F52 I234!J2578 6 !8 5! /0!84.259702!
0J2?7G726!73!'2?4783!##=`!8G!4.70!(;522I234=!
!
6E Z/54R47I2!'4/4F0!_!(008?7/420!9.8!9252!2358KK26!73!.2/K4.?/52!J5785!48!5/47G7?/4783!DdP@#e@#d"_E!0./KK!524/73!
.2/K4.?/52!/3 6 !1 2!? 8 3 076 2 52 6 !2K7; 71 K2!F 3 K2 00 !6 F 573 ; !/3 !/ ;5 22 6 !F J 8 3!0 4/ 42 6 !I2/0F52 I 2 3 4!J 2 578 6 !4. 2 B!/ V 25/ ; 2 !K20 0!
4./3!#d!.8F 50!J2 5!92 2C=!!'. 8F K6!/!?F 5523 4KB!2358 KK26!(008?7/42!85!329KB!2358KK26!(008?7/420!73!4.2!GF4F52!K802!
2K7;717K74B>!4.2B!0./KK!0F102aF234KB!12!2K7;71K2!G85!aF/K7G7?/4783!6F573;!4.2!/;5226!FJ83!04/426!I2/0F52I234!J25786!7G!
4.2B!/V25/;2!I 8 52!4. /3 !#f!.8 F50 !J25!9 22 C!G85!02 KGR?8V25/;2!85!^d!.8F50!J25!922C!G85!02KG!/36!?.7K6523!?8V25/;2!83!
85!/G425!l/3F/5B!">!#d"`=!!(008?7/420!9.8!aF/K7GB!F3625!4.2!#f!.8F5!5FK2!G85!02KGR?8V25/;2>!0F?.!?8V25/;2!0./KK!12!K804!
7G!6F573;!4. 2 !/ ;5 22 6 !F J 8 3!0 4/ 42 6 !I2/0F52 I 2 3 4!J 2 578 6 !4. 2 !(008?7/42!/V25/;20!K200!4./3!#^!.8F50!J25!922C=!
!
<8V25/;2!G85!/!329KB!.7526!!V/57/1K2!.8F5!Z/54R47I2!'4/4F0!_!(008?7/420>!9.8 !aF/K7GB!6F573;!4. 275!73747/K!I2/ 0F 52I 2 34!
J25786!DQ#!922C0!G58I!6/42!8G!.752E!85!0F102aF234KB!6F573;!4.2!/;5226!FJ83!04/426!I2/0F52I234!J25786>!0./KK!12!
2K7;71K2!G85!r02KGR83KBj!2358KKI234!83!4.2!G7504!8G!4.2!I834.!G8KK8973;!aF/K7G7?/4783!7G!4.2B!/V25/;2!#f!85!I852!.8F50!
J25!922C=!!&G!0F?.!(008?7/42!/V25/;20!^d!85!I852!.8F50!J25!922C!6F573;!/!I2/0F52I234!J25786>!4.2!(008?7/42!I/B!
/K08!?8V25!62J236234!?.7K6523!83!85!/G425!l/3F/5B!">!#d"`=!
!
M85!4.802!329KB!.7526!V/57/1K2!.8F5!J/54R47I2!(008?7/420!9.8!/V25/;2!/4!K2/04!#d!.8F50!J25!922C!1F4!K200!4. /3 !#f!
.8F50!J25!922C!6F573;!4.2!/;5226!FJ83!I2/0F52I234!J25786!0./KK!12!2K7;71K2!G85!/3?7KK/5B!1232G740!DA234/K>!\70783>!
A70/17K74B!/36!O7G2E!/4!/!?804!8G!k#=dd!J25!922C=!!
!
2E +GG2?47V2!A2?2I125!^">!#d"d!MFKKR47I2!'4/4F0!^!85!Z/54R47I2 !'4/4F0!_!(008?7/420!9.8!./V2!384!2K2?426!48!F47K7U2!4.2!
J/54R47I2!JK/3!G85!62J 23 62 34!?. 7K6523 !?8V2 5/; 2!9 7KK!38!K83;2 5!./ V2!4. 70!8J478 3=!!-8 !(008?7/42!I/B!F02!4.70!8J4783/K!
1FB!FJ!G85!0J8F020!/G425!A2?2I125!^">!#d"_!/36!G85!62J236234!?.7K6523!/G425!A2?2I125!^">!#d"Q=!
!
GE :58;25!0./KK!52J854!48!4.2!MF36!4.802!.8F50!985C26!1B!84.259702!2K7;71K2!2IJK8B220!2V25B!07W!I834.0!6F573;!4.2!
J25786!S?48125!"!48!'2J42I125!^d!/36!:58;25!/;5220!4./4!740!J/B58KK!52?8560!0./KK!12!0F1b2?4!48!/F674!1B!4.2!MF36!48!
62425I732!2IJK8B22!2K7;717K74B!48!2358KK!G85!1232G740!F3625!4.2!MF36=!&3!4./4!52;/56>!4.2!MF36!0./KK!?83473F2!48!12!
520J83071K2!G8 5!4.2!23 58 KKI 23 4!8G!2K7;71K2 !2I J K8B2 20=!!
!
^_!
!
##=_! +IJK8B22!%2/K4.!/36!N2KK3200]!!+IJK8B22!?834571F47830!G85!4.2!#d"_!ZK/3!n2/5!0./KK!12!J/76!83!/!922CKB!1/070!73!
/??856/3?2!974.!4.2!J52V78F0!?8KK2?47V2!1/5;/7373;!/;522I234=!!+GG2?47V2!974.!4.2!#d"Q!ZK/3!n2/5!+358KKI234>!/KK!2K7;71K2!
/36!2358KK26!(008?7/420!97KK!J/B!4.2!G8KK8973;!922CKB!?834571F47830!73!/??856/3 ?2!974.!4.275!ZK/3!2358KKI234!02K2?426!
2GG2?47V2!974.!4.2!#d"Q!ZK/3!n2/5]!!
!
<8V25/;2!$725"
Z52I7FI!ZK/3"
A2KFW2!ZK/3"
'4/36/56!ZK/3"
Y/07?!ZK/3"
'2KG"
ke=dd"
kf=dd"
kf=dd"
kP=dd"
'2KG!s!<.7K6"
k"f=dd"
k"Q=dd"
k"Q=dd"
k"^=dd"
'2KG!s!'J8F02"
k#d=dd"
k"P=dd"
k"P=dd"
k"Q=dd"
M/I7KB!
k#`=dd"
k#^=dd"
k#^=dd"
k"e=dd"
!
NOTE:"Incentive"money"for"HRQ"and"biometric"screening"attained"prior"to"September"30,"2014"for"the"2014"Plan"Year"
shall"remain"unchanged"at"$225"single"and"$450"fam ily"with"carryover"of"unused"am ounts"until"completely"used.""For"the"
2015"Plan"Year,"enrollment"completion"of"the"HRQ"will"no"longer"be"required.""However,"failure"to"complete"designated"
biometric"screening"by"the"employee"annually"before"December"15"of"the"enrollment"year"will"result"in"a"30%"increase"in"
the"weekly"con tribu tion"ra te"for"co vera ge "selected"for"the"enrollment"period.""
!
##=Q! SJ4RSF4!Z58V70783]!!(008?7/420!4./4!I224!4.2!2K7;717K74B!52aF752I2340!97KK!12!;7V23!4.2!8J4783!48!9/7V2!?8V25/;2!4.58F;.!
/!B2/5KB!2358KKI234=!!(008?7/420!9.8!9/7V2!?8V25/;2!97KK!12!2K7;71K2!G85!K7G2!730F5/3?2!/36!07?C!J/B=!!(008?7/420!97KK!12!
J58V7626!4.2!8JJ854F374B!4.58F;.!4.2!B2/5KB!2358KKI234!48!52R2358KK!73!4.2!ZK/3=!
!
##=`! O800!8G!+K7;717K74B!/36!<8V25/;2]!!ZK/3!2K7;717K74B!0./KK!12!670?83473F26!85!?8V25/;2!/K42526!/0!8G!4.2!G7504!6/B!8G!4.2!I834.!
G8KK8973;]!
!
/E \8KF34/5B!aF74!
!
1E $25I73/4783!G85!?/F02!
!
?E (008?7/42X0!52aF204!G85 !? . / 3 ; 2 ! 73 !0 4 / 4F 0 !G 58 I!GFKKR47I 2 !D'4/4F 0!"!85!'4/4F0!^E!48!J/54R47I2!D'4/4F 0!_E!
!
6E $.2!236!8G!/!04/17K74B!J25786!G8KK8973;!/!J/54R47I2!85!GFKKR47I2!(008?7/42!?2/073;!48!12!/3!2K7;71K2!
(008?7/42!12?/F02!8G!G/7KF52!48!985C!4.2!I737IFI!/V25/;2!922CKB!.8F5!52aF752I234!6F573;!4.2!/;5226!FJ83!04/426!
I2/0F52I234!J25786=!!
! ! ! !!!!!!!!!!!!!!!!
##=P! <83473F/4783!8G!+K7;717K74B]!!+K7;717K74B!G85!1232G740!?K/7I0!J/BI2340!/36!?834571F47830!0./KK!12!?83473F26!F3625!4.2!
G8KK8973;!?83 6 74783 0]!
!
/E M85!/!J25786!8G!07W!I834.0!73!?/02!8G!/1023?2!G58I!985C!6F2!48!7KK3200>!J52;3/3?B>!/36@85!73bF5B>!G8KK8973;!274.25!4.2!
I834.!73!9.7?.!7KK3200!04/5426!85!/??76234!8??F5526!85!4.58F;.!4.2!236!8G!4.2!04/17K74B!J25786>!9.7?.2V25!8??F50!K/04=!
!
1E M85!/!J25786!8G!492KV2!D"#E!I834.0!73!?/02!8G!/1023?2!G58I!985C!6F2!48!/3!73bF5B!83!4.2!b81>!G8KK8973;!274.25!4.2!
I834.!73!9.7?.!4.2!73bF5B!8??F5526!85!4.58F;.!4.2!236!8G!4.2!04/17K74B!J25786>!9.7?.2V25!8??F50!K/04=!
!
##=f! *27304/42I234!8G!+K7;717K74B]!!+K7;717K74B!G85!?K/7I0!J/BI2340!/36!?834571F47830!670?83473F26!/0!J58V7626!G85!73!'2?4783!
##=`!/36!##=P!/18V2!97KK!12!520FI26!83!4.2!G7504!6/B!8G!4.2!I834.!7II267/42KB!G8KK8973;!524F53!48!985C!83!4.2!
+IJK8B25X0!/?47V2!J/B58KK!/G425!7KK3200>!73bF5B>!J52;3/3 ? B !8 5!K2 / V 2 !8 G !/ 1 02 3?2=!!%8 92V25>!7G!/ 3 !(008?7/42!./0!1223!
670aF/K7G726!/0!J58V7626!73!'2?4783!##=`!/18V2>!.2!IF04!/;/73!aF/K7GB!/0!/3!2K7;71K2!(008?7/42!/0!J58V7626!73!'2?4783!##=^!
/18V2!6F573;!4.2!32W4!/;5226!FJ83!04/426!I2/0F52I234!J25786!12G852!2358KKI234!73!4.2!32W4!JK/3!B2/5=!
!
!
^Q!
##=e! +W?KF07830!G58I!+K7;717K74B]!Z/54R47I2!.7;.!0?.88K!04F6 23 40!F3 62 5!"f!B2 /50!8G!/; 2!85!/ 3!(008?7/42!9.8!./0!/384.25!GFKKR
47I2!b81!D/36!F 36 25!9 .7?. !I 737I FI!V/KF2!/36!/GG8 56/ 1K2 !123 2G740!9 74.73!4. 2!I 2/ 373 ;!8G!4.2 !(< (!/52!/ V/7K/1 K2E!/52 !38 4!
2K7;71K2!G85!1232G740=!!
!
##="d! *247522!%2/K4.!</52]!!$.2!+IJK8B25!97KK!?834571F42!48!4.2!%2/54K/36!%2/K4.!/36!N2KK3200!MF36!83!12./KG!8G!2/?.!
(008?7/42!9.8!52475220!/36!70!2K7;71K2!G85!J230783!1232G740>!/0!62G7326!73!(547?K2!#^!8G!4.70!(;522I234=!!:58;25!/;5220!48!
?834571F42!4.2!G8KK8973;!/I8F340!83!12./KG!8G!52475220]!k^``>P#d!J25!I834.!G85!2WJ23020>!12;73373;!lFKB!">!#d"_=!!
:58;25!97KK!?83473F2!48!J/B!4.2!38426!I834.KB!/I8F34!F347K!52025V20!/52!526F?26!/36!484/K!^=PQ!I834.0!8G!2WJ23020=!!
$.2!MF36!<830FK4/34!97KK!12!6752?426!1B!4.2!$5F04220!8G!4.2!MF36!48!I837485!*247522!ZK/3!484/K!73?8I2>!2WJ2302!/36!
52025V2!K2V2K0!83!/ !02I 7R /3 3F/K!1/070!4.58F;.8F4!4.2!425I!8G!4.2!/;522I234=!!
!
&G!/4!/3B!J 8 73 4 !73 !4. 2 !?8 3 4 5/ ?4 !J 2 578 6 >!52 a F 752 6 !5 20 2 5V2 0 !G/KK!12K89!^ =PQ!I 8 3 4.0!8 G!2WJ 23 02 0!J58 b2?42 6!4. 58F ;. !A2 ?2 I 12 5!
#d"f>!4.2!?830FK4/34!97KK!024!/!329!I834.KB!5/42!4./4!97KK!/44/73!4/5;2426!52025V20=!
!!!!!
*247522!+IJK8B25!?834571F4783!5/420!J25!I2I125!J25!I834.!97KK!12!I867G726!/33F/KKB!1B!4.2!?830FK4/34!08!4./4!4.2!
/;;52;/42!/I8F340!/52!2aF/K!48!4.2!/I8F340!/18V2!DF3K200!I852!70!52aF7526!48!52/?.!^=PQ!I834.0!8G!2WJ23020E=!!&4!70!
/;5226!4./4!4.2!MF36!0./KK!J58V762!52475220!974.!/3!/33F/K!04/42I234!8G!GF36!/00240!/36!2WJ23020!G58I!9.7?.!4.2B!?/3!
?K2/5KB!/0?254/73!4.2!52475220j!0./52!8G!4.2!?804=!!M85!4.2!#d"Q!ZK/3!n2/5>!*247522!?834571F47830!0./KK!12!G58U23!/4!4.2!#d"_!
K2V2K=!!(33 F / K!* 24 752 2!? 8 3 4571 F 478 3 !?/ K? F K/4 783 !I24.86 0 !0. / KK!52 0F I2!G85!4.2 !# d " `!Z K/ 3 !n 2/ 5!/ 3 6 !0F ? . !?8 3 4571 F 478 3 0 !
/6bF0426!/??85673;KB=!!!
!
$.2!K7/17K74B!G85!4. 2!52 475 22 !J 52 0? 57J 478 3 !6 5F ; !1 23 2 G74!97KK!45/30G25 !48 !4. 2 !% 2 /5 4K/ 3 6!%2/K4.!/3 6 !N2KK3200 !MF 3 6 =!$ . 2!
45F04220!IF04!2 04/1 K70.!/!32 9 !J520 ?57J4783 !65F ;!?8 345/ ?4!9 74.!/!ZY , !8G!4. 275!?.8 80 73;!J578 5!48!l/3 F/ 5B!">!#d" Q=!:58 ;25!
0./KK!670?83473F2!4.2!?F55234!h:ZZ!</ 5V2R8F4!/;522I234T!/4!4./4!47I2=! !
!
%2/K4.!/36!92KG/52!/36!J520?57J4783!65F;!?8V25/;2!97KK!?83473F2!F347K!0F?.!47I2!4./4!0F?.!5247522!70!2K7;71K2!G85!,267?/52!
?8V25/;2!73!/??856/3?2!974.!/JJK7?/1K2!G2625/K!K/9=!!'F?.!5247522!?8V25/;2!0./KK!?8V25!4.2!0J8F 02!F 347K!4.2 !0J8 F02 !70!
2K7;71K2!G85!,267?/52=!!!
!
+GG2?47V2!l/3F/5B!">!#ddP>!(008?7/420!IF04!./V2!49234B!D#dE!B2/50!8G!025V7?2!48!12!2K7;71K2!G85!5247522!.2/K4.!?/52=!!
+GG2?47V2!l/3F/5B!">!#d"Q>!5247522!I834.KB!?834571F47830!/52!K70426!12K89]!
!
^Q!B50=!/36!8V25!!!!! "Qg!8G!4.2!484/K!.2/K4.!?/52!?8040=!
^d!m!^_!B2/50!!! !!!!!!! #dg!8G!4.2!484/K!.2/K4.!?/52!?8040=!
#Q!m!#e!B2/50!! !!!!!!! #Qg!8G!4.2!484/K!.2/K4.!?/52!?8040=!
#d!m!#_!B2/50!!!!!!!!!! ^dg!8G!4.2!484/K!.2/K4.!?/52!?8040=!
!
+GG2?47V2!l/3F/5B!">!#d""!/3B832!9.8!./0!aF/K7G726!G85!.2/K4.!?/52!/36!70!J/B73;!.2/K4.!?/52!?8040!/4!/!5/42!8G!Qdg>!0./KK!
./V2!0F?.!5/42!526F?26!48!_dg!/4!4.2!670?524783!/36!?83?F5523?2!8G!4.2!Y8/56!8G!$5F04220!8G!4.2!%2/54K/36!%2/K4.!/36!
N2KK3200!MF36=!!*247522!?834571F47830!I/B!12!73?52/026!/0!322626!1B!IF4F/K!/;522I234!8G!4.2!45F04220!8G!4.2!%2/54K/36!
MF36>!1F4!73!38!2V234!0./KK!+IJK8B25!?834571F47830!12!526F?26!08!/0!48!/KK89!484/K!*247522!GF3673;!52025V20!48!G/KK!12K89!
^=PQ!I834.0!8G!JK/3!2WJ2302=!!!!
!
(547?K2!##="d!6820!384!/JJKB!48!A5F;@),!(008?7/420=!!A5F;@),!(008?7/420!97KK!?83473F2!48!aF/K7GB!G85!4.2!2K7;71K2!5247522!
1232G740!/0!62G7326!73!4.2!<8IJ/3Bj0!ZK/3!/36!/KK!?./3;20!4.25248=!
!
##=""! *247522!SJ4RSF4!Z58V70783]!!*2475220!4./4!I224!4.2!2K7;717K74B!52aF752I234!97KK!12!;7V23!4.2!8J4783 !48 !2 3 58 KK!8 5!S J 4 RSF4!8G!
?8V25/;2!/4!524752I234=!!(3!SJ4RSF4!70!J25I/3234>!2W?2J4!4./4!7G!4.2!5247522!2WJ25723?20!/!rK7G2!2V234j!F3625!4.2!5FK20!8G!
4.2!JK/3>!/!832R47I2!522358KKI 23 4!70!J25I 74426 =!
!
##="#! Z520?57J4783!A5F;!ZK/3!R!<8V25/;2!G85!J520?57J4783!65F;!?/56!70!1/026!83!(008?7/42!2K7;717K74B!G85!I267?/K!?8V25/;2=!
!
$.70!65F;!?/56!97KK!12!V/K76!/4!/3B!:58;25!Z./5I/?B=!
! ! !
!
^`!
<8V25/;2!G85!Z520?57J4783!65F;0!97KK!12;73!/4!4.2!0/I2!47I2!/0!I267?/K!?8V25/;2!G85!184.!/?47V2!(008?7/420!/36!2K7;71K2!
62J2362340=!
!
(!626F?471K2!?./5;2!97KK!12!J/76!1B!4.2!(008?7/42!G85!2/?.!J520?57J4783=!!$. 2!6 26 F? 471K2!9 7KK!12!4. 2!;52 /4!8G!4. 2!G8KK8 9 73; ] !
!
!
<8R&30F5/ 3 ? 2"
,737IFI!<8RZ/B"
,/W7IFI!</J"
)23257?!
"dg!
k"d!
k#d!
Y5/36"
#dg!
k#d!
kQd!Dk`d!2GG=!"@"@"QE!
-83RM85IFK/5B"
^dg"
k^Q"
kQd!DkPQ!2GG=!"@"@"QE"
!
:58;25!/;5220!48!?885673/42!974.!4.2!MF36!/0!322626!48!7IJK2I234!8F4R8GRJ8?C24!I/W7IFI0!7G!52aF7526!F3625!4.2!(<(=!
!
,/7K!85625!I/73423/3?2!m!?8R730F 5/ 3 ?2 !9 74 . !I 73 7IFI!?8RJ/B0!/4!#W!524/7K>!k"dd!I/W7IFI!D2GG2?47V2!"@"@#d"Q!R!k_d!
)23257?>!k"#d!Y5/36>!k"Qd!-83RM85IFK/5BE!
!
'42J!$.25/JB!/JJK720!/36!'J2?7/K4B!A5F;0!/JJKB=!!(33F/K!?./3;20!73!M85IFK/5B!/36!383R?8R!J/B!?804!?834/73I234!
73747/47V20!/ 52 !/ K7;3 2 6 !9 74 . !<8 IJ/3B!J K/ 3 =!!!
!
'J2?7/K!I/73423/3?2!65F;!?/42;85720!DI267?/4783!73?KF620!.BJ254230783>!.7;.!?.8K204258K>!67/12420!?83458K!65F;0>!
/04.I/>!;K/F?8I/>!80428J858070>!/36!52K/426!0FJJK720!9.7?.!52aF752!/!J520?57J4783E]!
!
!
^dR6/B!0FJJKB"
edR6/B!0FJJKB"
)23257?"
kP"
k"_"
Y5/36"
k"Q"
k^d"
-83RM85IFK/5B"
k#Q"
kQd"
!
(3B!(008?7/42!9.8!985C0!73!/3!8F4KB73;!/52/!9.252!:58;25!Z./5I/?B!70!384!52/67KB!/V/7K/1K2>!J58V707830!97KK!12!I/62]!
! "=!!,/7K!73!
! #=!!-24985C!O8?/K!Z./5I/?B!
! ^=!!(52/!48!12!62G7326!
!
$.2!+IJK8B25!I/B!384!I/C2!?./3;20!48!4.2!J58;5/I!974.8F4!J5785!3847?2!/36!?830234!1B!4.2!L3783=!!(3B!0F?.!?./3;20!
IF04!12!?8IIF37?/426!48!4.2!JK/3!J/547?7J/340!/4!K2/04!4.754B!D^dE!6/B0!J5785!48!4.2!2GG2?47V2!6/42!8G!4.2!?./3;2=!!$.70!
73?KF620 >!1 F4 !70!3 8 4!K7I7426!48 >!?. /3 ; 2 0!73 !4 .2 !G8 5IFK/5B!J 58 ;5/ I=!!$.2!+ I J K8 B 25!97KK!I224 !/3 6 !6 70? F 00 !/ 3B !? ./ 3 ; 20 !9 74 . !
4.2!L3783!12G852!4.2!?./3;20!/52!?8IIF37?/426!48!4.2!JK/3!J/547?7J/340=!!!
!
$.2!+IJK8B25!97KK!J520234!52J8540!48!4.2!L3783!83!4.2!?804!/36!8J25/4783!8G!4.2!JK/3!/4!K2/04!02I7R/33F/KKB!73!/!G85I/4!
IF4F/KKB!/;522/1K2!48!4.2!+IJK8B25!/36!4.2!L3783=!!$.2!+IJK8B25!0./KK!/K08!J58V762!73G85I/4783!52J8540!48!4.2!45F04220!
8G!4.2!%2/54K/36!%2/K4.!/36!N2KK3200!MF36!/33F/KKB=!
!
$.2!+IJK8B25!/;5220!4./4!4.2!65F;!JK/3!/6I737045/485!/36!%2/K4.!/36!N2KK3200!MF36!/6I737045/485!IF04!?885673/42!/36!
0./52!73G85I/4783!48!I/W7I7U2!8J25/ 4783 /K!2GG7?72 3? B>!73?KF6 73; !6/4/ !?88 5673 /478 3!9 74.!/ 3B!J 58; 5/I !20 4/1K70. 26 !1B!4. 2!
MF36>!0F?.!/0!6702/02!,/3/;2I234!85!84.25!23./3?26!025V7?20!J58V7626!48!JK/3!J/547?7J/340=!
!
&4!70!/;5226!4./4!38 !2 IJK8B25 !I83720!J / 76 !73 48!4.2!%2 / 54K/ 3 6 !% 2 / K4. !/ 3 6 !N2KK3200!MF36!83!12. /KG!8G!4.2!/?47V2!
(008?7/420!?8V2526!1B!4.70!(;522I234!97KK!12!F026!1B!4.2!45F04!48!J58V762!/!J520?57J4783!65F;!?/56!1232 G74=!
!
$.2!Z520?57J4783!A5F;!ZK/3!97KK!12!C3893!/0!4.2!O8?/K!PQ!ZK/3!/36!97KK!?834/73!4.2!O8?/K!PQ!6207;3/4783!/0!/;5226!FJ83=!
! ! !
&G!/!;2325 7?!6 5 F ; !70!K2 ; /KKB !/ V/ 7K/1K2!/0!/!0F 1 0 474F 4 2!G 8 5!/ !1 5/ 3 6 !3 / I2!65F; >!4. 2 !;2 3 2 57? !IF04!12 !J F 5? . /0 2 6 =!!&G!4. 2 !
(008?7/42!JF5?./020!4.2!15/36!3/I2!65F;!73!K72F!8G!4.2!;23257?!4.2!(008?7/42!IF04!J/B!4.2!67GG2523?2!73!?804=!!!
!
##="^! ,F4F/K!(;522I2340]!!(6674783/K!/36@85!8J4783/K!1232G740!I/B!12!/6626!1B!/;522I234!1249223!LM<N!O8?/K!PQ!/36!4.2!
+IJK8B25!83!/!V8KF34/5B!1/070=!!!
!
^P!
!
##="_!! %2/K4.!</52!*2G85I]!!$.2!+IJK8B25!/36!L3783!/;522!48!I224!/36!670?F00>!/4!4.2!52aF204!8G!274.25!J/54B>!4.2!2GG2?40!8G!
-/4783/K!%2/K4.!</52!*2G85I!K2;70K/4783!/36!/44236/34!G2625/K!52;FK/47830!83!4.70!%2/K4.!/36!N2KK3200!/547?K2!/36!48!
I/C2!/3B!I867G7?/47830>!/36!83KB!0F?.!I867G7?/47830!4./4!4.2!+IJK8B25!/36!4.2!F3783!b8734KB!/;522!/52!32?200/5B=!!
!
",!-)$%&36/&1%*+-'*&
#^=" $.2!:58;25!<8IJ/3B!/36!LM<N!O8?/K!PQ!2342526!7348!/!,2I85/36FI!8G!L362504/3673;!6/426!A2?2I125!#d""!D4.2!
hLM<N@:58;25!,SL TE>!4.2!425I0!8G!9.7?.!/52!73?85J85/426!.25273!1B!52G2523? 2!D73 !4 . 275!2 3 475 24 BE=!$ . 2 !L M < N@:58;2 5!
,SL!204/1K70.26!/KK!8G!4.2!425I0!/36!?836747830!8G!2IJK8BI234!/0!4.2B!52K/42!48!4.2!J58V707830!8G!524752I234!1232G740!
J58V7626!48!2K7;71K2!2IJK8B220!F3625!4.70!<Y(!/36!;8V2530!D"E!:58;25j0!J/547?7J/4783!73>!/36!?834571F478 3 0 !48 >!4. 2 !L M < N !
<8308K76/426!Z230783!MF36!D4.2!hMF36TE>!/36!D#E!4.2!1232G740!J58V7626!48!2IJK8B220!8G!:58;25!985C73;!F3625!4.70!<Y(=!
(!?8JB!8G!4.2!LM<N@:58;25!,SL!70!/V/7K/1K2!FJ83!52aF204=!
!
+IJK8B220!73!4.2!1/5;/7373;!F374!?8V2526!1B!4.70!<Y(!0 ./ KK!J / 547? 7J /4 2!73 !4 .2 !L M < N!<8308 K76 / 42 6 !Z 23 0 78 3!M F 3 6 >!0F 1 b2 ?4 !
48!4.2!2K7;717K74B>!V20473;>!/36!84. 25!52a F752 I 23 40!/36 !73!/?? 856 /3 ?2 !974.!4. 2!JK/ 3!8G!1 23 2G740!DhZK/ 3TE!8 G!4.2!MF 3 6=!
!
:58;25!/;5220!48!J58V762!48!4.2!Y8/56!8G!$5F04220!8G!4.2!MF36!85!740!6207;322!/ KK!73 G8 5I/4783!3 22 6 2 6 !73!? 8 3 3 2? 478 3 !9 74 . !
4.2!/6I737045/ 4783!8 G!4.2!M F3 6>!73?KF 673; !1F4!3 84!K7I 7426!48 !/KK!.8F 50!98 5C2 6>!J/ 76>!85!G85!9 .7?. !2I J K8B2 20!/52 !23 474K26!
48!J/BI23 4>!/36 !484/ K!?8I J 230 /4783 >!974. !520J2 ?4!48!/ KK!1/5;/73 73;!F3 74!2I J K8B2 20=!&3!85625!48!230F52!4./4!/KK!
2IJK8B220!23474K26!48!J/547?7J/42!73!4.2!MF36!/52!/JJ58J57/42KB!52GK2?426!73!4.2!52?8560!8G!4.2!MF36>!:58;25!GF54.25!
/;5220!48!4.2!2W/I73/4783!8G!740!J/B58KK!52?8560!1B!4.2!Y8/56!8G!$5F04220!8G!4.2!MF36!85!740!6207;322=!
!
#^=# ,2/4!Z230783!+IJK8B25!<834571F47830!R!$.2!+IJK8B25!/;5220!48!?834571F42!48!4.2!-/4783/K!&36F045B!Z230783!MF36>!832!
.F36526!27;.4BR4.522!68KK/50!/3 6!G7G4BR498!?2340!Dk"f ^=Q# E!J25!I 8 34. !G85!2I J K8B 22 0!9 .8 !98 5C!/ 3!/V 25/; 2!8 G!492 34BR
27;.4!D#fE!.8F50!G85!4.2!G8F5!D_E!?8302?F47V2!9 22 C0!7I I267/42KB!J52? 26 73; !4.2!G7504!8G!4. 2!I 8 34. = !
!
$.2!J/54R47I2!?834571F4783 !5/42!9 7KK!12!83 2R./KG!DcE!8G!4.2!GFKKR47I2!?834571F4783!5/42!G85!(008?7/420!.7526!83!85!12G852!
A2?2I125!"">!"efe!985C73;!"`R#P!.8F50!G85!4.2!G8F5!D_E!?8302?F47V2!922C0!7II267/42KB!J52?2673;!4.2!G7504!8G!4.2!
I834.=!
!
$.2!?834571F47830!F3625!4.70!02?4783!0./KK!12!J/B/1K2!1B!4.2!4234.!D"d
4.
E!6/B!8G!2/?.!I 8 34. !G85! (008?7/420!.7526!83!85!
12G852!A2?2I125!"">!"efe=!
!
/E <83473F/4783!8G!Z/BI2340!m!&3!?/02!8 G!?8IJ23 0 / 1 K2!73 bF5B>!4.2!+IJ K8B 25!0./ KK!I/C 2!07W!D`E!I 8 34. 0!?83 4571F 4783 0!
73?KF673; !4 .2 !I834.!73 !9 . 7? . !0F ? .!? 8 IJ230/ 1K2 !73 bF 5B !8 ?? F5 0= !
!
1E &3!?/02!8 G!7KK3 2 0 0!8 5!J52;3/3 ? B>!4 . 2!+ IJK8B2 5!0 . /KK!I/C2!49 8 !D# E !I 8 3 4 . KB!? 8 3 45 71 F 478 3 0 !/ G42 5!4 . 2!I834. !73 !9.7?.!4. 2 !
7KK3200!8?? F 50 !85 !/G 42 5!4.2 !I 83 4.!73!9 . 7?.!4.2 !(008?7/42!12;730!.25!J52;3/3?B!K2/V2!8G!/1023?2=!
!
?E &3!?/02!8 G!3 8 3 R?8IJ230/1K2!73bF5B>!4.2!+IJK8B25!0./KK!I/C2!832!D"E!I834.KB!?834571F4783!/G425!4.2!I834.!73!9.7?.!
4.2!7KK3200!85!73bF5B!8??F 50=!
!
6E &3!?/02!8 G!4 25 I 73 / 4 78 3 >!4. 2 !+ I J K8 B 2 5!0 ./KK!I/C2!832!D"E!I834.KB!?834571F4783!/G425!4.2!I834.!73!9.7?.!4.2!
425I73/4783!8 ??F 50=!
!
Z/5/;5/J.0!D/E!4.58F;.!D6E!68!384!/JJKB!48!(008?7/420!.7526!/G425!A2?2I125!"">!"efe=!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
&4!70!F362 5 04886!/0!8 G!5 /4 7G7?/ 4 78 3 >!I 2 / 4!2 IJK8B22 0!.7526!/G425!A2?2I125!"">!"efe>!J230783!?834571F47830!97KK!12!
I/62!?830704234!974.!4.2!;58?25B!?K25Cj0!J230783!4725!0?.26FK2!7348!<2345/K!S.78!Z230783!MF36!73!/??856/3?2!974.!
J/5/;5/J.!#^="!/18V2=!!
!
^f!
&
l8734KB!(6I 737042 526 !, 2/ 4!Z23 078 3!MF 3 6! m!$.2!b8734KB!/6I737042526!+IJK8B25RL3783!Z230783!MF36!0./KK!12!/6I737042526!
1B!/3!2aF/K!3FI125!8G!$5F04220!52J52023473;!4.2!+IJK8B25!/36!/3!2aF/K!3FI125!8G!$5F04220!52J52023473;!4.2!L3783=!!
'/76!Z230783!MF36!0./KK!12!F026!48!J58V762!1232G74!J2307830!G85!2K7;71K2!(008?7/420!8G!4.2!+IJK8B25>!/0!J58V7626!73!/!
Z230783!ZK/3>!4.2!425I0!/36!J58V707830!8G!9.7?.!/52!48!12!/;5226!FJ83!1B!4.2!J/54720!.25248=!!'/76!Z230783!ZK/3!0./KK>!
/I83;!84.25!4.73;0>!J58V762!4./4!/KK!1232G740!F3625!4.2!ZK/3!/36!?8040>!?./5;20!/36!2WJ23020!8G!/6I737042573;!4.2!ZK/3>!
/36!/KK!4/W20!K2V726!85!/0020026!FJ83!85!73!520J2?4!8G!0/76!ZK/3!85!$5F04!85!/3B!73?8I2!4.252!G58I>!0./KK!12!J/76!8F4!8G!4.2!
Z230783!MF36=!
!
(!?8JB!8G!4.2!$5F04!(;522I234!/36!/3B!/I236I2340!4.25248!0./KK!12!I/62!/!J/54!.25248>!/0!.25273!/4!K23;4.!0 2 4!G8 54 . =!!
$5F04!(;522I234!/36!Z230783!ZK/3!0./KK!73!/KK!520J2?40!?8IJKB!974.!/KK!/JJK7?/1K2!K2;/K!52aF752I2340=!
!
&4!70!F362 5 04886!4./ 4!4 . 2!h b8 73 4 KB!/ 6 I73704252 6 !+ I JK8B25RL3783!Z230783!MF36T!52G25526!48!73!'2?4783!#^=#!/18V2!0./KK!12!
4.2!L37426!M8 86!/36!<8II25?7/K!N85C250!&34253/4783/K!L3783R&36F045B!Z23 0 78 3 !M F 3 6 =!
&
#^=^ $.2!/18V2!0/76!Z230783!ZK/3!/36!4.2!$5F04!(;522I234!204/1K70.73;!4.2!Z230783!$5F04!MF360!0./KK!12!0F1I74426!48!4.2!
L37426!'4/420!$52/0F5B!A2J/54I234!G85!4.2!/JJ58V/K!/36!5FK73;0!0/470G/?485B!48!4.2!+IJK8B2 5>!4./4!0/76 !JK/3 !70!aF/K7G726 !
F3625!&=*=<=!'2?4783!_d">!24=!02a=>!/36!4./4!38!J/54!8G!0F?.!J/BI2340!0./KK!12!73?KF626!73!4.2!385I/K!5/42!8G!J/B!8G!/3B!
(008?7/42=!
!
#^=_ (547?K20!#^="!48!#^=_!68!384!/JJKB!48!A5F;@),!(008?7/420=!!A5F;@),!(008?7/420!97KK!?83473F2!48!12!?8V2526!F3625!
<8IJ/3B!0J8308526!J230783!JK/30!/36!?./3;20!4.25248=!
!
&
! &
!
^e!
",!-)$%&39/&%D1-,"!-'*&
#_="! $.70!(;522I234!0./KK!12!2GG2?47V2!S?48125!Q>!#d"^&/36!0./KK!?83473F2!4.58F;.!lF32!"`>!#d"f&/3 6!0./KK!/F48I/47?/KKB!12!
5232926 !G58I !B2/ 5!48!B2 /5!4.2 52/ G425!F3 K200!2 74.25!J /54B!02 5V20!3 847?2 !73!9 57473;!48 !4.2!8 4.2 5!J/54B !07W4B!D`dE!6 /B0!J 5785!
48!lF32!"`>!#d"f !85!/3B!lF32!"`!4.252/G425!8G!/!62 0752!G85!42 5I 73/478 3!8G!8 5!?./ 3; 20!73!4.70!( ;522 I 23 4=!!<./ 3;2 0!9 7KK!
12?8I2!2GG2?47V2!4.2!G7504!GFKK!922C!8G!8J25/4783!/G425!S?48125!Q>!#d"^!2W?2J4!/0!84.259702!0J2?7G726!.25273=!
!
&-!N&$ - + ' '!N%+* +SM>!4.2!0/ 76 !J / 54 720 !. / V2 !?/ F 0 26!6FJK7?/ 4 2!? 8 J 72 0!. 2 52 8 G!4 8 !1 2!2 W 2 ?F 4 26 !1 B !4. 2 75!6FKB!/F4.857U26 !
8GG7?250!4.70!#P
4.
!6/B!8G!(F;F04!#d"_ =!
!
MS*!$%+!L-&S-]!!
LM<N!L-&S-!OS<(O!PQ!
!
MS*!$%+!+,ZOSn+*]!!
$%+!:*S)+*!<S,Z(-n!
<&-<&--($&@A(n$S-!:,(!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
! &
!
_d!
"11%*0-D&"E&<"5%+&
!
(="! */420!8G!Z/B!R!*/420!8G!J/B!/0!024!G854.!73!(JJ2367W!H(H!/44/?.26!.25248!0./KK!52I/73!73!2GG2?4!G85!4.2!K7G2!8G!4.70!
(;522I234!/36!0./KK!?830474F42!4.2!1/070!G85!62425I73/4783!8G!9/;20=!
!
-8!(008?7/42j0!5/42!0./ KK!1 2 !5 2 6 F ? 2 6 !/ 0 !/ !52 0 F K4!8G!4.2!07; 3 73 ; !8 G !4. 70 !( ; 52 2 I234=!
!
Z52V78F0!+WJ25723?2]!!Z52V78F0>!J58V23!524/7K!2WJ25723?2!G58I!4.2!6/42!8G!J520234!2IJK8BI234!0./KK!12!4.2!1/070!G85!4.2!
62425I73/4783!8G!4.2!(008?7/42X0!5/42!8G!J/B=! !%892V 2 5>! / 3 !(008?7/42X0!5/42!97KK!384!2 W ? 2 2 6 !4 . 2 !48J!5/42! 3 2 ; 8 4 7/ 42 6!G85!
4.2!(008?7/42X0!?K/007G7?/4783=!
"= Z52V78F0!2WJ25723?2!IF04!12!0.893!83!4.2!2IJK8BI234!/JJK7?/4783[!85!84.259702!68?FI23426!73!957473;=!!!!!
#= $. 2!+IJK8B25!97KK!3847GB!4.2!L3783>!73!957473;>!9.23!/3!(008?7/42!70!/!?/3676 /4 2!G8 5 !J5 2V 78 F 0!2 WJ 2 572 3 ?2 !
?52674>!04/473;!4.2!(008?7/42X0!?K/007G7?/4 78 3 >! 5/ 42!8G!J/B >!/ 36!4.2!5 2 / 0 8 3 !G 8 5! 52 ? 8 ; 37U73;!0 J 2 ? 7/ K!/ J474F62 =!
^= +WJ25723?2!<52674!)F762K7320!
/E <526740!/52!6832!73!425I0!8G!I834.0>!384!I832B!!J25!.8F5!D7=2=>!;5/34!(008?7/42!"f!I834.0!2WJ25723?2!?52674!
5/4.25!4./3!=Qd t!J 2 5!. 8F 5!2 WJ 2 572 3? 2 !?52 6 74=E=!
!
1E +WJ25723?2!IF04!12!b81R52K/426!/36 !I F04!1 2!0.8 9 3!8 3!4. 2!2I J K8B I 23 4!/J JK7?/ 4783 =!
!
?E +WJ25723?2!?52674!97KK!384!2W?226!4.2!I834.0!8G!/?4F/K!2WJ25723?2!0.893!83!4.2!/JJK7?/4783=!!
!
6E '4852!,/3/;250!97KK!12!520J83071K2!G85!0F1I74473;!52aF2040!G85!?52674!48!%FI/3!*208F5?20=!!'F?.!52aF 2040!97KK!
12!I/62!/4!4.2!47I2!/!329!(008?7/42!70!.7526!85!974.73!832!D"E!B2/5!8G!.752!6/42!/36!97KK!12!/??8IJ/3726!1B!/!
?8JB!8G!4.2!329!.752X0!/JJK7?/4783!0.8973;!52K2V/34!2WJ25723?2=!
!
2E +WJ25723?2!?52674!97KK!12!/JJK726!9.23!/JJ58V26!1B!%FI/3!*208F5?20=!!$.2!<8IJ/3B!I/B!52V729!2WJ25723?2!
?52674!974.73!832!D"E!B2/5!8G!/3!(008?7/42j0!6/42!8G!.752 >!974.!/!52 458/?47V2!K 7I74!8G!`d !6 / B 0!8G!J/B=!
!
GE (KK!(008?7/420!9.8!./V2!?8IJK2426!4.275!J581/4783/5B!J25786!0./KK!12!2K7;71K2!G85!/!832R47I2!I2574!73?52/02 !
1/026!83!8V25/KK!68?FI23426!J25G85I/3?2=!'F?.!/3!73?52/02!I/B!12!/!I/W7IFI!8G!498!K2V2K0!G58I!4.2!
(008?7/42j0!?F55234!5/42!974.73!4.2!(008?7/42j0!?F55234!J/B!15/?C24=!-8!832R47I2!I2 574!73?52/ 02!?/ 3!2W ?22 6!4. 2!
48J!5/42!8G!4.2!?K/007G7?/478 3=!!
(=#!!! -29!l81!<K/007G7?/4783!R!*/420!8G!J/B!0./KK!12!204/1K70.26!/36!0./KK!12?8I2!J/54!8G!(JJ2367W!H(H!/44/?.26!.25248!G85!/3B!
329!b81!?K/007G7?/4783!9.7?.!73V8KV20!329!b81!6F4 72 0>!52 0J 8 3 071 7K74 720 !8 5!0C 7KK0 !9 . 7?. !I/B!.252 / G42 5!1 2 !20 4/ 1 K70. 2 6 !/3 6 !
9.7?.!b81!?K/007G7?/47830!/52!384!389!?8V2526!1B!(JJ2367W!H(=H!
!
$.2!+IJK8B25!/;5220!48!3847GB!73!/6V/3?2!/36!32;847/42!974.!4.2!L3783!4.2!5/42!8G!J/B!G85!4.2!329!b81!?K/007G7?/4783=!
!
(=^! A2J/54I234!%2/6@(00704/34!A2J/54I234!%2/6@O2/6!*2K72G!R!(008?7/420!/007;326!48!52K72V2!/!?K/007G726!J8074783!/0!
62G7326!73!(JJ2367W!H(H!N/;20!G85!832!922C!85!I852!0./KK!52?27V2!4.2!/JJ58J57/42!.8F5KB!5/42!G85!4.2!/KK!985C!
J25G85I26!/4!4.70!J8074783=!!$.70!J58V70783!0./KK!/K08!/JJKB!48!52K72G!52aF7526!G85!/!GFKK!I76922C!48!I76922C!V/?/4783=!
!
$.2!+IJK8B25!I/B!670aF/K7GB!/3!(008?7/42!G58I!4.2!/9/56!8 G!52K72G!6F 4720!7G!4.2 !+I J K8B 25!62 I 8 30 45/420 !bF047G7/1 K2!
52/0830!9. B!0F? .!(008?7/42!0.8FK6!12!670aF/ K7G726=
!
!
(=_! S4.25!N85C!R!(008?7/420!0./KK!J25G85I!/3B!985C!73!/36!/18F4!4.2!04852!/36!83!85!/58F36!4.2!J52I 7020!?8332?426 !974.!
85!73?76234/K!48!4.2!8J25/4783!8G!4.2!+IJK8B25X0!524/7K!204/1K70.I234!9.7?.!I/B!12!/007;326!1B!4.2!'4852!,/3/;25!85!
!
_"!
A70457?4!,/3/;25>!2W?2J4!/ 0 !8 4. 2 5 9 7 02 !J 5 8 V 76 2 6 !G 8 5!73!(JJ2 3 6 7W !H Y H!R!l81!A20? 57J4783 0=!
!
! &4!70!GF54.2 5!F 3625048 8 6 !4. / 4>!9.23!/ 3 !(008?7/42!70!/007;326!4 8!/ !b8 1 !9 74 . !/!K2 00 2 5!5/ 42 >!4. 2 B!0 . /KK!1 2 !23 4 74K2 6 !48 !4. 2 75!
52;FK/5!5/42!8G!J/B!F3K200!4.2!(008?7/42!70!J25I / 3 23 4KB !/ 00 7;3 2 6 !48 !/ !b8 1 !9 74. !/ !K2 00 25 !5/4 2 !8G !J/ B =!
!
(=Q! Z58;5200783!&3?52/020!R!Z58;5200783!73?52/020!73!J/B!5/42!9.7?.!/52!2GG2?47V2!'F36/B>!,836/B>!$F206/B!85!N263206/B!8G!
4.2!?F55234!92 2C !0./KK!12 !2GG2?47V2!G85!/KK!.8F50!985C26!73!4.2!?F55234!922C=!!Z58;5200783!73?52/020!73!J/B!5/42!9.7?.!/52!
2GG2?47V2!$.F506/B>!M576/B!85!'/4F56/B!8G!4.2!?F55234!922C!0./KK!12!2GG2?47V2!4.2!G8KK8973;!922C=!
!
(=`! (3B!(008?7/42!73!4.2!?K25C!?K/007G7? / 478 3 !9 . 8 !?./3;20!G58I!'4/4F0!_!48!'4/4F0!"!85!'4/4F0!^!0./KK!52?27V2!4.2!5/42!73!4.2!
GFKKR47I2!?K25C!J58 ;52 00783 !0?.2 6F K26 !1/02 6!F J8 3!4. 2!(008?7/42X0!K23;4. !8 G !0 2 5V 7? 2 !73!4.2!?K2 5 C !? K/ 0 0 7G7? / 4 78 3 = !!( 3B!
(008?7/42!9.8!?./3;20!G58I!'4/4F0!"!85!'4/4F0!^!?K25C!48!'4/4F0!_!?K25C!0./KK!52?27V2!384!K200!4./3!4.2!'4/4F0!"!85!'4/4F0!^!
?K25C!5/42!204/1K70.26!1B!K23;4.!8G!025V7?2!974.73!4.2!?K25C!?K/007G7?/4783=!
!
! (3B!(008?7/42!J58I8426!48!/!.7;.25!J/76!?K/007G7?/4783!97KK!52?27V2!4.2!32W4!.7;.204!5/42!8G!J/B!73!4./4!?K/007G7?/4783!73!4.2!
'4/4F0!_@'4/4F0!"!85!'4/4F0!^!?K/007G7?/4783!9.7?.2V25!70!/JJK7?/1K2!/4!4.2!47I2!J58I84783!4/C20!JK/?2=!
!
(=P! $.2!G8KK8973;!3FI125!8G!(00704/34!M5834R+36!,/3/;250!97KK!12!F47K7U26!974.73!4.202!04852!V8KFI2!15/?C240]!
d!R!k"Qd>ddd!
S32!D"E!
k"Qd>dd"!R!k#Qd>ddd!
$98!D#E!
k#Qd>dd"!R!/36!8V25!
$.522!D^E!
!
(=f! (KK!9/;2!5/420!1/026!83!04852!V8KFI2!/0!J58V7626!G85!73!4.70!(JJ2367W!H(H!97KK!12!62425I7326!1B!204/1K70.73;!4.2!
/V25/;2!922CKB!04852!0/K20!8V25!4.2!J5785!?/K236/5!B2/5!DQ#!922C0E!2GG2?47V2!4.2!G7504!922C!8G!4.2!G7504!J25786=!!$.2!
?/K?FK/4783!8G!0/K20!V8KFI2!15/?C240!G85!/KK!62J/54I2340!97KK!384!73?KF62!GF2K!0/K20=!
!
! &3!329 !8 5!5 2I862K2 6 !04 8 52 0 >!4. 2!/ V 25 / ;2 !922CKB!0/K2 0 !G8 5!4 . 2!G 750 4!492KV2!D"# E!922C0>!2W ?KF 6 73 ; !4 . 2!G75 04 !498!D#E!9 2 2C 0>!
4.2!4.756!D^
56
E!4.58F;.!4.2!G8 F542 23 4.!D"_
4.
E!922C!97KK!12!F0 26 =!!!!$.2!0/K20!52?K/007G7?/4783!J/B>!7G!/3B>!97KK!4/C2!2GG2 ?4 !8 3 !
4.2!G7504!6/B!8G!4.2!G7504!922 C=!
!
! $.2!%2/6!)58?25B!<K25C>!%2/6!Z586F?2!<K25C>!M5834!+36!,/3/;25>!,2/4!A2J/54I234!,/3/;25>!A2K7@Y/C25B!,/3/;25!/36!
A5F;@),!,/3/;25>!*26R<75?K26!%2/6!-83RM8860!D7G!/JJK7?/1K2E!73!048520!974.!/3!/V25/;2!0/K20!V8KFI2!8G!832!D"E!I7KK783!
85!I852!J25!922C!2W?KF673;!GF2K0!0/K20!97KK!52?27V2!/3!/6674783/K!J52I7FI!8G!G7G4B!?2340!D=QdtE!J25!.8F5!83!4.275!5/42=!!
$.70!97KK!83KB!12!;7V23!48!832!8G!2/?.!8G!4.2!/18V2!K70426!J80747830!J25!04852=!
!
! $.2!%2/6!A/75B>!%2/6!M58U23>!-7;.4!O2/625>!(00704/34!%2/6!Z586F?2>!(00704/34!M5834!+36!,/3/;25>!(00704/34!,2/4!
,/3/;25>!'2/G886!,/3/;25>!(00704/34!A2K7!,/3/;25>!(00704/34!A5F;@),!,/3/;25>!O2/6!Y/C25>!O2/6!MK85/K!73!048520!974.!
/3!/V25/;2!0/K20!V8KFI2!8G!832!D"E!I7KK783 !68KK/50!85!I852!J25!922C!2W?KF673;!GF2K0!0/K20!97KK!52?27V2!/3!/6674783/K!
J52I7FI!8G!49234BRG7V2!?2340!D=#Qt E!J25!. 8F 5!83 !4.275!5/42 =!! !
!
! $.2!O2/6!'/K/6!Y/5>!<80I247?7/3!">!O2/6!O7aF85>!O2/6!<8GG22>!O2/6!Y/?C!A885!*2?27V25>!O2/6!M7K2!,/73423/3?2!<K25C!73!
048520!974.!/3!/V25/;2!0/K20!V8KFI2!8G!832!D"E!I7KK783!68KK/50!85!I852!J25!922C!2W?KF673;!GF2K0!0/K20!97KK!52?27V2!/3!
/6674783/K!J52I7FI!8G!G7G4223!?2340!D="QtE!J25!.8F5!83!4.275!5/42=!!$.2!/18V2!?K/007G7?/47830>!73!048520!974.!/ 3 !/V 2 5/; 2 !
0/K20!V8KFI2!8G!832!/36!/!./KG!I7KK783!68KK/50!85!I852!J25!922C>!2W?KF673;!GF2K!0/K20>!0./KK!52?27V2!/3!/6674783/K!"Q!?2340!
D="QtE!!J25!.8F5!D73!/6674783!48!4. 2!I 7KK783 !68 KK/5!J52I7FIE !83!4.275!5/42=!!!
!
(=e! -7;.4!J52I7FI0!/0!J58V7626!G85!73!(547?K2!e>!'2?4783!e=`!97KK!384!12!/JJK7?/1 K2 !48 !4. 2 !%2/6!-7;.4!O2/6!<K25C!?K/007G7?/4783=!
!
!
_#!
(="d! $.252!0./KK!12!832!%2/6!)58?25B!<K25C>!832!%2/6!Z586F?2!<K25C>!832!M5834R+36!,/3/;25>!832!%2/6!A/75B!<K25C>!832!
%2/6!M58U23!M886!<K25C>!832!%2/6!-83RM886!<K25C!D7G!/JJK7?/1K2E!85!832 !A5F;@),!A2J/54I234!%2/6>!832!%2/6!-7;.4!
O2/6!<K25C>!832!(00704/34!%2/6!Z586F?2!<K25C>!O2/6!MK85/K!<K25C>!O2/6!'/K/6!Y/5!<K25C>!O2/6!O7aF85!'.8J!<K25C>!O2/6!
<8GG22!'.8J!<K25C>!O2/6!M7K2!,/73423/3?2!<K25C>!832!O2/6!Y/?C!A885!*2?27V25!73!2/?.!04852 !G8 5!4. 2 !V8 KF I20!7367?/426!73!
2/?.!8G!4.2!?K/007G7?/47830>!/36!832!O2/6!MF2K!<K25C!73!2/?.!04852!9 74. !/ !GF 2K!? 2 34 2 5=!!$.252!0./KK!/K08!12!832!,2/4!
A2J/54I234!,/3/;25>!832!(00704/34!,2/4!A2J/54I234!,/3/;25>!832!%2/6!A2K7!<K25C>!832!O2/6!'2/G886!<K25C>!832!O2/6 !
Y/C25>!832!<.2202I/0425!73!048520!974. !/ !,F55/Bj0!< . 22 02 !' . 8 J ! /3 6!832!(00704/34!%2/6!A2K7!<K25C!73!2/?.!04852!G85 !4. 2 !
V8KFI20!7367?/426!73!2/?.!8G!4.2!?K/007G7?/47830!D7G!/JJK7?/1K2E=!!M8 5!45 /73 73 ;!J F 5J 8 02 0>!I 8 52 !4. /3 !8 3 2!A2J/54I234!%2/6!
85!(00704/34!A2J/54I234!%2/6!I/B!12!/007;326!48!/!62J/54I234!G85!/!I/W7IFI!8G!G8F5!D_E!922C0=!!$.70!J/5/;5/J.!6820!
384!/JJKB!48!329!04852!8J2373;0!85!I/b85!520240=!
!
! $.2!+IJK8B25!I/B!/JJ8734!/6674783/K!A2J/54I234!%2/60!/36!(00704/340!/0!G8KK890]!
! ! !
! (3!/V25/;2!8G!832!D"E!J25!04852!J25!A70457?4!73!484/K=!!+W/I J K2 ]!&3 !/!A70457?4!974.!G8F54223!D"_E!048520>!4.2!+IJK8B25!I/B!
/JJ8734!FJ!48!G8F54223!D"_E!/6674783/K!A2J/54I234!%2/60!/36@85!(00704/34!A2J/54I234!%2/60=!
!
! &3!048520 !974.!/3!/ V2 5/ ; 2!/ 3 3 F / K!0 /K2 0 !V8 KF I2!8G!k#Qd>ddd&J25!922C!85!K200>!4.2!+IJK8B25!0./KK!I/734/73!/!A2J/54I234!
%2/6!73!,2/4>!)58?25B>!Z586F?2>!M5834R+36>!/36!A2K7@Y/C25B=!!$.2!/JJ 8 73 4I 2 3 4!8 G!8 4.2 5!A2J/54I234!%2/60!/36!
(00704/34!A2J/54I234!%2/60!70!/4!4. 2 !8 J4 78 3 !8G !4. 2 !<8 IJ/3B=!- 8 !J 52 0 23 4 !A2J/54I234!%2/6!85!(00704/34!A2J/54I234!
%2/6!97KK!12!526F?26!73!4.275!?K/007G7?/4783!85!G85?26!48!45/30G25!08K2KB!12?/F02!8G!4.70!?./3;2=!!!!!!!!!!!!!!!!!!!!!!!!!!
!
(=""! (00704/34!A2K7!,/3/;250!/36!O2/6!Y/C250!9.802!5/42!8G!J/B!D1/02!5/42!JKF0!?F55234!?8345/?4!J52I7FI!8G!k"=dd!73!048520!
974.!V8KFI20!K200!4./3!kQdd>ddd!/36!k"=#Q!73!048520!974.!V8KFI20!I852!4./3!kQdd>dddE!2W?2260!4.2!329!?K/007G726 !5/42!
G85!4.275!b81!97KK!12!;5/ 36 G/4. 252 6!/3 6 !97KK!52?2 7V2!4. 275!1/ 02!5/ 42!JKF 0!J52 I 7F I !/6 bF042 6!G8 5!?83 45/? 4!73?52/ 02 0!48!4.2!
1/02!5/42!F347K!0F?.!47I2!/0!4.2!?K/007G726!5/42!2W?2260!4.275!J25083/K!5/42=!
!
! &
!
_^!
"11%*0-D&"F.E&)-* )-**"! -&",%"&<"5 %&,"!%+&
)$"++-(-)"!-'*&
&
)MNOM/&
)PQQRNO&
)MNOM/&
AH6H3C.9&
)MNOM/&
.H.H3C.=&
)MNOM/&
>H.9H3C.=&
)MNOM/&
>H.3H3C.>&
)MNOM/&
>H..H3C.@&
&
&
&&
&&
&&
&&
&&
&&
&&
&&
&&
&&
&&
7RST&5QUVRQW?&7RST&1QUTPVR?&
(QUNO&%NT&:SNSXRQ?&&
0RYM&:SNSXRQ&
&
&
&&
&
&
&
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!!
k"f=d#!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=^#!
k"f=^#!
k"f=`#!
k"f=e#!
k"e=##!
Z3CC?CC.&F&Z9CC?CCC&
!
!!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f="P!
k"f=_P!
k"f=_P!
k"f=PP!
k"e=dP!
k"e=^P!
Z9CC?CC.&F&Z>CC?CCC&
!
!!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=^Q!
k"f=`Q!
k"f=`Q!
k"f=eQ!
k"e=#Q!
k"e=QQ!
Z>CC?CC.&F&Z@CC?CCC&
!
k"f=_Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=PQ!
k"f=PQ!
k"e=dQ!
k"e=^Q!
k"e=`Q!
Z@CC?CC.&F&Z.?CCC?CCC&
!
k"f=QQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=fQ!
k"f=fQ!
k"e="Q!
k"e=_Q!
k"e=PQ!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!
k"e=dQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"e=^Q!
k"e=^Q!
k"e=`Q!
k"e=eQ!
k#d=#Q!
Z.?=CC?CC.&\&
!!
k"e=#d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"e=Qd!
k"e=Qd!
k"e=fd!
k#d="d!
k#d=_d!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
7RST&0SMQW?&7RST&(QU]RN&
(UUT?&7RST&*UNF(UUT&
&
&
&&
&
&
&
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!!
k"P=dd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=^d!
k"P=^d!
k"P=`d!
k"P=ed!
k"f=#d!
Z3CC?CC.&F&Z9CC?CCC&
!!
k"P="d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=_d!
k"P=_d!
k"P=Pd!
k"f=dd!
k"f=^d!
Z9CC?CC.&F&Z>CC?CCC&
!!
k"P=#Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=QQ!
k"P=QQ!
k"P=fQ!
k"f="Q!
k"f=_Q!
Z>CC?CC.&F&Z@CC?CCC&
!!
k"P=^d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=`d!
k"P=`d!
k"P=ed!
k"f=#d!
k"f=Qd!
Z@CC?CC.&F&Z.?CCC?CCC&
!!
k"P=_d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=Pd!
k"P=Pd!
k"f=dd!
k"f=^d!
k"f=`d!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!!
k"P=`Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"P=eQ!
k"P=eQ!
k"f=#Q!
k"f=QQ!
k"f=fQ!
Z.?=CC?CC.&\&
!!
k"P=fd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!!
k"f="d!
k"f="d!
k"f=_d!
k"f=Pd!
k"e=dd!
! !
!
__!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
)$"++-(-)"!-'*&
&
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
!
!
7RST&*MX^O&)YRQ_&
&
!
!!
!
!
!
!
!
!
!
!!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
&
k"P=_`!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"P=P`!
k"P=P`!
k"f=d`!
k"f=^`!
k"f=``!
Z3CC?CC.&F&Z9CC?CCC&
!
k"P=`d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"P=ed!
k"P=ed!
k"f=#d!
k"f=Qd!
k"f=fd!
Z9CC?CC.&F&Z>CC?CCC&
!
k"P=`Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"P=eQ!
k"P=eQ!
k"f=#Q!
k"f=QQ!
k"f=fQ!
Z>CC?CC.&F&Z@CC?CCC&
!
k"P=PQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=dQ!
k"f=dQ!
k"f=^Q!
k"f=`Q!
k"f=eQ!
Z@CC?CC.&F&Z.?CCC?CCC&
!
k"P=fQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f="Q!
k"f="Q!
k"f=_Q!
k"f=PQ!
k"e=dQ!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!
k"f="d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=_d!
k"f=_d!
k"f=Pd!
k"e=dd!
k"e=^d!
Z.?=CC?CC.&\&
!
k"f=#Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"f=QQ!
k"f=QQ!
k"f=fQ!
k"e="Q!
k"e=_Q!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
"[[O/&(QUNO&%NT&:XQ/&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
k"`=Pe!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=de!
k"P=de!
k"P=^e!
k"P=`e!
k"P=ee!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k"P=d_!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=^_!
k"P=^_!
k"P=`_!
k"P=e_!
k"f=#_!
Z.?=CC?CC.&\&
&
k"P="e!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=_e!
k"P=_e!
k"P=Pe!
k"f=de!
k"f=^e!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
$RST&(YUQSY&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
!
k"`=f^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P="^!
k"P="^!
k"P=_^!
k"P=P^!
k"f=d^!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k"P=df!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=^f!
k"P=^f!
k"P=`f!
k"P=ef!
k"f=#f!
Z.?=CC?CC.&\&
&
k"P=#^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=Q^!
k"P=Q^!
k"P=f^!
k"f="^!
k"f=_^!
! !
!
_Q!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
)$"++-(-)"!-'*&
&
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
!
!
"[[O/&1QUTPVR&&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
k"`=Pe!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=de!
k"P=de!
k"P=^e!
k"P=`e!
k"P=ee!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k"P=d_!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=^_!
k"P=^_!
k"P=`_!
k"P=e_!
k"f=#_!
Z.?=CC?CC.&\&
&
k"P="e!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"P=_e!
k"P=_e!
k"P=Pe!
k"f=de!
k"f=^e!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
(UUT&)YRQ_[&&
G7MQRT&`RaU QR &3 H.@ HA 3 J&
&
k"`=#^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"`=Q^!
k"`=Q^!
k"`=f^!
k"P="^!
k"P=_^!
!
(UUT&)YRQ_[&&
G^MQRT&SaORQ &3H. @ HA 3J&
!
!!
!
!
!
!
!
!
!
!
!
!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
kd=dd!
kd=dQ!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&=CC^UPQ[&
!
kP=eQ!
kd=dd!
kd="d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd="Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="d!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="Q!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#d!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=^d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#Q!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&@=C&^UPQ[&&
!
kf=dQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^d!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&@=C&^UPQ[&
!
kf=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
kd="d!
kd=dd!
kd=#d!
!
kf=Qd!
kf=Qd!
kf=`d!
kf=Pd!
kf=ed!
*RbO&@=C&^UPQ[&&
G#SXXRQ&OUc&UPOJ&
!
kf=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#d!
kd=dd!
kd=#d!
kd=dd!
kd=^d!
!
kf=fd!
kf=fd!
ke=dd!
ke=#d!
ke=Qd!
*RbO&@=C&^UPQ[&
!
ke=`d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
kd="d!
kd=dd!
kd="d!
!
ke=`d!
ke=`d!
ke=Pd!
ke=fd!
ke=ed!
*RbO&@=C&^UPQ[&
!
k"d=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd="d!
!
k"d=dd!
k"d=dd!
k"d=dQ!
k"d="d!
k"d=#d!
*RbO&@=C&^UPQ[d&
!
k"d=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd="d!
!
k"d=Qd!
k"d=Qd!
k"d=QQ!
k"d=`d!
k"d=Pd!
*RbO&.CCC&^UPQ[&
!
k""=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd="d!
!
k""=dd!
k""=dd!
k""=dQ!
k""="d!
k""=#d!
*RbO&.CCC&^UPQ[&
!
k""=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
*RbO&.CCC&^UPQ[&
!
k"#=^d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
!^RQRSaORQ&
!
k"^=fQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"_="Q!
k"_="Q!
k"_=_Q!
k"_=PQ!
k"Q=dQ!
!
_`!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
!
!
!
)UaaRR&+^Uc&)YRQ_[&
!
Clerks"move"through"Food"Clerk"progression"to""
top"rate"at"ratification "for"Fo od "Clerks"h ired"b efore "2/17 /82"
$8J!*/42!
&
k"_=#Q!
&&
!
!
!
!
"
"
!
!
!
!
!
!
+SYST&#SQ&SNT&(YUQSY&+^UccR&
!
!
!
!
!
!
!
!
!
!
!
!
&
!
!
!
!
!
!
!
!
!
!
!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
kd=dd!
kd=dQ!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&6=C&^UPQ[&
!
kP=eQ!
kd=dd!
kd="d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd="Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="d!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="Q!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#d!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&.CCC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=^d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#Q!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&.CCC&^UPQ[&
!
kf=dQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^d!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&.CCC&^UPQ[&
!
kf="Q!
kd=dd!
kd=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^Q!
$8.50"
kf=Qd!
kf=Qd!
kf=Qd!
*RbO&.CCC&^UPQ[&
!
kf=_d!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=#d!
kd=dd!
kd=dQ!
!
kf=_d!
$8.55"
kf=QQ!
kf=PQ!
kf=fd!
*RbO&.CCC&^UPQ[&
!
kf=`Q!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^P!
kd=dd!
kd=^f!
!
kf=`Q!
kf=`Q!
kf=`Q!
ke=d#!
ke=_d!
*RbO&.CCC&^UPQ[&
!
ke=dQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^Q!
kd=dd!
kd=^Q!
!
ke=dQ!
ke=dQ!
ke=dQ!
ke=_d!
ke=PQ!
!^RQRSaORQ&
!
ke=eQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=^d!
kd=^d!
kd=^d!
!
k"d=#Q!
k"d=#Q!
k"d=QQ!
k""="Q!
k""=PQ!
!
(YUUQ&:SMNORNSNVR&
&
!!
!
!
!
!
!
!
!
!
!
!
(MQ[O&>CC&^UPQ[&
&
kP=fQ!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&>CC&^UPQ[&
!
kf=dd!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&>CC&^UPQ[&
!
kf=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=Qd!
kf=Qd!
kf=Qd!
kf=Qd!
kf=Qd!
*RbO&>CC&^UPQ[&
!
ke=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=dd!
ke=dd!
ke=dd!
ke=dd!
ke=dd!
*RbO&>CC&^UPQ[&
!
ke=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
*RbO&>CC&^UPQ[&
!
ke=fQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=fQ!
ke=fQ!
ke=fQ!
ke=fQ!
ke=fQ!
*RbO&>CC&^UPQ[&
!
k"d=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=dd!
k"d=dd!
k"d=dd!
k"d=dd!
k"d=dd!
!^RQRSaORQ&
!
k""=dQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k""=^Q!
k""=^Q!
k""=`Q!
k""=eQ!
k"#=#Q!
!
_P!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&&
!
!
!
!
!
!
!
!
!
!
!
!
&&
!
Upon"ratification,"Associates"currently"moving"through"Sacker"and"Demo"progression"will"
be"moved"to"the"post"Feb."17,"1982"Clerk"scale."""
Upon"ratification,"all"top"rated"baggers"will"move"to"$8.80"rate."
+SV_RQ&SNT&0ReU&
&
&&
!
!!
!
!
!
!
!
!
!
!
!
!
:RSO&0RcO/&:SNSXRQ&
&
&
&
&
&
&
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
&&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!
k"e="^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd="^!
kd=^d!
kd=#^!
!
k"e=_^!
k"e=_^!
k"e=P^!
k#d="`!
k#d=`e!
Z3CC?CC.&F&Z9CC?CCC&
!
k"e=_^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd="d!
kd=^d!
kd=#"!
!
k"e=P^!
k"e=P^!
k#d=d^!
k#d=_^!
k#d=e_!
Z9CC?CC.&F&Z>CC?CCC&
!
k"e=Pd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd="d!
kd=^d!
kd="e!
!
k#d=dd!
k#d=dd!
k#d=QQ!
k#d=eQ!
k#"=__!
Z>CC?CC.&F&Z@CC?CCC&
!
k#d=d^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd="d!
kd=^d!
kd=#"!
!
k#d=^^!
k#d=^^!
k#d=`^!
k#"=d^!
k#"=Q_!
Z@CC?CC.&F&Z.?CCC?CCC&
!
k#d=_^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=d"!
!
k#d=P^!
k#d=P^!
k#"=d^!
k#"=^^!
k#"=`_!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!
k#d=e^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=d"!
!
k#"=#^!
k#"=#^!
k#"=Q^!
k#"=f^!
k##="_!
Z.?=CC?CC.&\&
!
k#"=df!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=d"!
!
k#"=^f!
k#"=^f!
k#"=`f!
k#"=ef!
k##=#e!
&
&
!
!
!
!
!
!
!
!
!
!
!
"[[O/&:RSO&0RcO/&:SNSXRQ&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!
k"f="^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#`!
!
k"f=_^!
k"f=_^!
k"f=P^!
k"e=#f!
k"e=f_!
Z3CC?CC.&F&Z9CC?CCC&
!
k"f="f!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^"!
!
k"f=_f!
k"f=_f!
k"f=Pf!
k"e=^^!
k"e=e_!
Z9CC?CC.&F&Z>CC?CCC&
!
k"f=#^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^`!
!
k"f=Q^!
k"f=Q^!
k"f=f^!
k"e=^f!
k#d=d_!
Z>CC?CC.&F&Z@CC?CCC&
!
k"f=^^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^`!
!
k"f=`^!
k"f=`^!
k"f=e^!
k"e=_f!
k#d="_!
Z@CC?CC.&F&Z.?CCC?CCC&
!
k"f=_^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^`!
!
k"f=P^!
k"f=P^!
k"e=d^!
k"e=Qf!
k#d=#_!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!
k"f=`f!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^`!
!
k"f=ef!
k"f=ef!
k"e=#f!
k"e=f^!
k#d=_e!
Z.?=CC?CC.&\&
!
k"f=f^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=^`!
!
k"e="^!
k"e="^!
k"e=_^!
k"e=ef!
k#d=`_!
&&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
IUPQNRWe SN &&
D?/3?2K0!K24425!8G!F36 250 4/3 673 ;E&
!
k"P=P^!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=""!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k"f=d^!
k"f=d^!
k"f=__!
k"f=P_!
k"e=d_!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
)YRQ_&)POORQ&1QReMPe&
&
k"=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
! !
!
_f!
)$"++-(-)"!-'*&
&
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
!
!
$RST&+RSaUUT&)YRQ_&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!
!!
!
!
!
!
!
!
!
!!
!
Z3CC?CCC&SNT&YR[[&
!
k"_=fQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"Q="Q!
k"Q="Q!
k"Q=_Q!
k"Q=PQ!
k"`=dQ!
Z3CC?CC.&F&Z9CC?CCC&
!
k"Q="Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"Q=_Q!
k"Q=_Q!
k"Q=PQ!
k"`=dQ!
k"`=^Q!
Z9CC?CC.&F&Z>CC?CCC&
!
k"Q=^Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"Q=`Q!
k"Q=`Q!
k"Q=eQ!
k"`=#Q!
k"`=QQ!
Z>CC?CC.&F&Z@CC?CCC&
!
k"Q=QQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"Q=fQ!
k"Q=fQ!
k"`="Q!
k"`=_Q!
k"`=PQ!
Z@CC?CC.&F&Z.?CCC?CCC&
!
k"Q=PQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"`=dQ!
k"`=dQ!
k"`=^Q!
k"`=`Q!
k"`=eQ!
Z.?CCC?CC.&F&Z.?=CC?CCC&
!
k"`=dd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"`=^d!
k"`=^d!
k"`=`d!
k"`=ed!
k"P=#d!
Z.?=CC?CC.&\&
!
k"`="Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"`=_Q!
k"`=_Q!
k"`=PQ!
k"P=dQ!
k"P=^Q!
&
!
!
!
!
!
!
!
!
!
!
!
!
"[[O/&7RST&0RYM?&$RST&#S_RQ?&
)^RR[ReS[ORQ&
!
!
!
!
!
!
!
!
!
!
!
!
!
Upon"ratification,"Dayton"Asst."Head"Deli"go"to"new"combin ed"ra te."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
Z.?CCC?CCC&SNT&YR[[&
!
k"Q=_d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=Qd!
kd=^d!
kd=Qd!
kd=^d!
kd=Q`!
&
k"Q=Pd!
k"Q=Pd!
k"`=Qd!
k"P=^d!
k"f="`!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k"Q=`Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=Qd!
kd=^d!
kd=Qd!
kd=^d!
kd=Q`!
&
k"Q=eQ!
k"Q=eQ!
k"`=PQ!
k"P=QQ!
k"f=_"!
Z.?=CC?CC.&\&
&
k"Q=fd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=Qd!
kd=^d!
kd=Qd!
kd=^d!
kd=Q`!
&
k"`="d!
k"`="d!
k"`=ed!
k"P=Pd!
k"f=Q`!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
+RSaUUT&SNT&+RQfMVR&:RSO&
&
Upon"ratification,"Associates"move"to"postXFeb."27,"1982"Food"Clerk"rate."
&
&
"
&
!
!
!
!
!
!
!
!
!
!
!
!
0RYM&)YRQ_[&&
&
This"wage"scale"will"be"combined"with"preX81"Meat"Clerk"rate"effective"June"2018.""
&
k"_=fQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=_`!
kd=^d!
kd=_`!
kd=^d!
kd=_`!
G^MQRT&`RaU QR &.. HBHA.J&
!
k"Q="Q!
k"Q="Q!
k"Q=e"!
k"`=`P!
k"P=_^!
&
&
!
!!
0RYM&)YRQ_[&
&
Upon"ratification,"Associates"move"to"postXFeb."27,"1982"Food"Clerk"rate."
G^MQRT&SaORQ &.. HB HA .J&
&
&&
!
!
!
!
!
!
!
!
!
!
!
!
$RST&)UaaRR&+^Uc&
!
,SOMaMVSOMUN&
"aORQ&.CCC&^UPQ[&
!^RQRSaORQ&
!
k"#=^d!
k"_=#Q!
k"_=#Q!
!
&&
&
!
!
!
!
!
!
!
!
!
!
!
7RST&0QPX&H&5:&
&
All"store"volume"brackets"less"than"$1,000,000"combined"into"one"bracket."""
Associates"will"move"to"combined"rate."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
Z.?CCC?CCC&SNT&YR[[&
!
k"Q=dQ!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
!
k"Q=`d!
k"Q=`d!
k"`="Q!
k"`=Pd!
k"P=#Q!
Z.?CCC?CC.&FZ.?=CC?CCC&
!
k"Q=QQ!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
!
k"`="d!
k"`="d!
k"`=`Q!
k"P=#d!
k"P=PQ!
Z.?=CC?CC.&\&
!
k"Q=Pd!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
!
k"`=#Q!
k"`=#Q!
k"`=fd!
k"P=^Q!
k"P=ed!
! !
!
_e!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
)$"++-(-)"!-'*&
&
)MNOM/&
)PQQRNO"
)MNOM/&
AH6H3C.9"
)MNOM/&
.H.H3C.="
)MNOM/&
>H.9H3C.="
)MNOM/&
>H.3H3C.>"
)MNOM/&
>H..H3C.@"
&
&
"
)U[eROMVMSN&-&
&
Cosmetician"rates"redXcircled.""Upon"ratification,"Cosmeticians"will"be "c o ns id e red "A s st."Head"
Drug/GM."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
ZBBB?BBB&SNT&YR[[&
&
!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"^=dQ!
k"^=`d!
k"^=`d!
k"_="Q!
k"_=Pd!
k"Q=#Q!
Z.?CCC?CCC&&\&
&
!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"^=#d!
k"^=PQ!
k"^=PQ!
k"_=^d!
k"_=fQ!
k"Q=_d!
&
&
!
!
!
!
!
!
!
!
!
!
!
&
!
!
!
!
!
!
!
!
!
!
!
!
"[[O/&7RST&0QPXH5:&
!
!
!
!
!
!
!
!
!
!
!
!
&^MQRT&`RaUQR&OU&>H9HA@&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CC C &SN T &YR [ [&
!
k"#=_d!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"#=eQ!
k"#=eQ!
k"^=Qd!
k"_=dQ!
k"_=`d!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k"#=`Q!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"^=#d!
k"^=#d!
k"^=PQ!
k"_=^d!
k"_=fQ!
Z.?=CC?CC.&\&
&
k"#=fd!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"^=^Q!
k"^=^Q!
k"^=ed!
k"_=_Q!
k"Q=dd!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
"[[O/&7RST&0QPXH5:&
!
!
!
!
!
!
!
!
!
!
!
!
^MQRT&SaORQ&>H9HA@&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
!
k""=^Q!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k""=ed!
k""=ed!
k"#=_Q!
k"^=dd!
k"^=QQ!
Z.?CCC?CC.&FZ.?=CC?CCC&
&
k""=fQ!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"#=_d!
k"#=_d!
k"#=eQ!
k"^=Qd!
k"_=dQ!
Z.?=CC?CC.&\&
&
k"#=dd!
kd=^d!
kd=#Q!
kd=dd!
kd=dd!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
kd=^d!
kd=#Q!
&
k"#=QQ!
k"#=QQ!
k"^="d!
k"^=`Q!
k"_=#d!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
0QPX&5:&)YRQ_[&&
^MQRT&`RaUQR&>H9HA@&
!
k""=`Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
&
k""=eQ!
k""=eQ!
k"#=#Q!
k"#=QQ!
k"#=fQ!
! !
!
Qd!
&
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
!
!
!
!
0QPXH5:&)YRQ_[&
!
!
!
!
!
!
!
!
!
!
!
!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
kd=dQ!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&=CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd="d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd="Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="d!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="Q!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#d!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
kd=dd!
kd=^d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#Q!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&ACC&^UPQ[&
!
kf=dQ!
kd=dd!
kd=#Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^d!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&ACC&^UPQ[&
!
kf="Q!
kd=dd!
kd=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^Q!
$8.50"
kf=Qd!
kf=Qd!
kf=Qd!
*RbO&.CCC&^UPQ[&
!
kf=#Q!
kd=dd!
kd="Q!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
!
kf=_d!
$8.55"
kf=QQ!
kf=QQ!
kf=`Q!
*RbO&.CCC&^UPQ[&
!
kf=^Q!
kd=dd!
kd="d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="Q!
!
kf=_Q!
$8.60"
kf=`d!
kf=`d!
kf=PQ!
*RbO&.CCC&^UPQ[&
!
kf=Qd!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#d!
!
kf=Qd!
$8.65"
kf=`Q!
kf=`Q!
kf=fQ!
*RbO&.CCC&^UPQ[d&
!
kf=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#Q!
!
kf=PQ!
kf=PQ!
kf=PQ!
kf=PQ!
ke=dd!
*RbO&.CCC&^UPQ[&
!
ke=dQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#Q!
!
ke=dQ!
ke=dQ!
ke=dQ!
ke=dQ!
ke=^d!
*RbO&.CCC&^UPQ[&
!
ke=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
*RbO&.CCC&^UPQ[&
!
ke=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
!^RQRSaORQ&
!
k"d=`d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"d=ed!
k"d=ed!
k""=#d!
k""=Qd!
k""=fd!
! !
!
Q"!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
!
!
!
!
&
(PYY&!MeR&$MgPUQ&+^Uc&
&
&
&
&
&
&
!
!
!
!
!
!
(MQ[O&6=C&^UPQ[&
&
kf=^Q!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=^Q!
kf=^Q!
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&6=C&^UPQ[&
!
kf=eQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=eQ!
kf=eQ!
kf=eQ!
kf=eQ!
kf=eQ!
*RbO&>CC&^UPQ[&
!
ke=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
*RbO&.CCC&^UPQ[&
!
k"d=Pd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=Pd!
k"d=Pd!
k"d=Pd!
k"d=Pd!
k"d=Pd!
*RbO&.CCC&^UPQ[&
!
k""=Pd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=Pd!
k""=Pd!
k""=Pd!
k""=Pd!
k""=Pd!
*RbO&.CCC&^UPQ[&
!
k"#=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"#=fd!
k"#=fd!
k"#=fd!
k"#=fd!
k"#=fd!
*RbO&.CCC&^UPQ[&
!
k"^=#Q!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"^=#Q!
k"^=#Q!
k"^=#Q!
k"^=#Q!
k"^=#Q!
*RbO&.CCC&^UPQ[&
!
k"^=ed!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"^=ed!
k"^=ed!
k"^=ed!
k"^=ed!
k"^=ed!
*RbO&.CCC&^UPQ[&
!
k"_=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"_=Qd!
k"_=Qd!
k"_=Qd!
k"_=Qd!
k"_=Qd!
!^RQRSaORQ&
!
k"Q=_Q!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"Q=PQ!
k"Q=PQ!
k"`=dQ!
k"`=^Q!
k"`=`Q!
&
&
!
!
!
!
!
!
!
!
!
!
!
1SQOF!MeR&$MgPUQ&+^Uc&
&
!!
!
!
!
!
!
!
!
!
!
!
(MQ[O&.@=&^UPQ[&
&
kP=fQ!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=fQ!
kd="Q!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&6=C&^UPQ[&
!
kP=fQ!
kd=#d!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kP=fQ!
kd=#Q!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="d!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kP=fQ!
kd=^d!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="Q!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kf=#d!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#d!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&>CC&^UPQ[&
!
kf=Pd!
kd=dd!
kd=dd!
kd=dd!
$0.00"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=Pd!
$8.70"
kf=Pd!
kf=Pd!
kf=Pd!
*RbO&.CCC&^UPQ[&
!
ke=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=#d!
ke=#d!
ke=#d!
ke=#d!
ke=#d!
*RbO&.CCC&^UPQ[&
!
ke=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
*RbO&.CCC&^UPQ[&
!
k"d=_d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=_d!
k"d=_d!
k"d=_d!
k"d=_d!
k"d=_d!
*RbO&.CCC&^UPQ[&
!
k""=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=dd!
k""=dd!
k""=dd!
k""=dd!
k""=dd!
*RbO&.CCC&^UPQ[&
!
k""=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
*RbO&.CCC&^UPQ[&
!
k"#=^d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
!^RQRSaORQ&
!
k"#=Pd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"^=dd!
k"^=dd!
k"^=^d!
k"^=`d!
k"^=ed!
!
Q#!
!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
!
!
!
!
$RST&+SYST&#SQ&1QReMPe&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=#Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=_d!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=QQ!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
&
!
!
!
!
!
!
!
!
!
!
!
$RST&)UaaRR&1QReMPe&
!
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=#Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=_d!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=QQ!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
&
!
!
!
!
!
!
!
!
!
!
!
(MYR&:SMNORNSNVR&)YRQ_&
1QReMPe&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
&
!
!
!
!
!
!
!
!
!
!
!
#SV_&0UUQ&,RVRMfRQ&1QReMPe&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
&
!
!
!
!
!
!
!
!
!
!
!
)^RR[R&+ORhSQT&1QReMPe&
&
!
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
&&
&&
&&
&&
&&
!!
!!
!!
!!
!!
!!
<MNR&+ORhSQT&1QReMPe&
!
&
&
&
&
&
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
&&
&&
&&
&&
&&
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
! !
!
Q^!
&
!
!!
!!
!!
!!
!!
!!
!!
)$"++-(-)"!-'*&
!
)MNOM/&
)PQQRNO!
)MNOM/&
AH6H3C.9!
)MNOM/&
.H.H3C.=!
)MNOM/&
>H.9H3C.=!
)MNOM/&
>H.3H3C.>!
)MNOM/&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
*POQMOMUN&)YRQ_&1QReMPe&
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!!
!!
!!
!!
!!
!!
!!
)S_R&0RVUQSOUQ&1QReMPe&
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!
!!
!!
!!
!!
!!
!!
$RST&5:&1QReMPe &
G:SQ_R Oc YSV RJ&&
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!
!!
!!
!!
!!
!!
!!
$RST&$MgPUQ&1QReMPe&8;&UNYW&
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!
!!
!!
!!
!!
!!
!!
$RST&(PRY&)YRQ_&
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
&
!!
!!
!!
!!
!!
!!
!!
*MX^O&)QRh&1QReMPe&
&
k"=dd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
k"=#Q!
&
&
!
!
!
!
!
!
!
!
!
!
!
+WJ25723?2!<52674!</Ji!
,/5C24JK/?2!</0.725!</J!62K2426!FJ83!5/47G7?/4783!
!
!
!
!
!
!
!
!
!
!
!
!
!
,ROQU&$Pec&+Pe&
)UecRN[SOMUN&
!
!
!
!
!
!
!
!
!
!
!
!
$8J!*/426!MFKKR$7I2!
!
!
!
k_Qd=dd!
!
!
!
!
!
!
!
$8J!*/426!Z/54R$7I2!
!
!
!
k##Q=dd!
!
!
!
!
!
!
!
Paid!not!later!than!September!1,!2014!
!
!
!
!
!
!
!
!
!
&
! &
!
Q_!
"11%*0-D&"F.E&)-* )-**"! -&",%"&<"5 %&,"!%+&G8;H-*&:-*/&<"5%&"0I2+!:%*!+J&
!
)$"++-(-)"!-'*&
!!
&&
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!&
-*H8;&
)PQQRNO&
-*H8;&&
AH6H3C.9&
-*H8;&&
.H9H3C.=&
-*H8;&&
>H.9H3C.=&
-*H8;&&
>H.3H3C.>&
-*H8;&&
>H..H3C.@&
&&
&
&
&
!
!
&
&
&
&
&
&
(UUT&)YRQ_[&
D.7526!/G425!""@f@ f" E&
!
!
!
"
"
!
!
!
!
!
!
!!
!!
!!
""
""
!!
!!
!!
!!
!!
!!
M7504!"PQ!.8F50!
kP=_d!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=_d!
$8.10"
kf="d!
kf="d!
kf="d!
-2W4!^Qd!.8F50!
kP=_Q!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=_Q!
$8.15"
kf="Q!
kf="Q!
kf="Q!
-2W4!Qdd.8F50!
kP=QQ!
kd=dd!
kd=dd!
$0.00"
$0.65"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=QQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
-2W4!`dd!.8F50!
kP=`Q!
kd=dd!
kd=dd!
$0.00"
$0.60"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=`Q!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
-2W4!`dd!.8F50!
kP=PQ!
kd=dd!
kd=dd!
$0.00"
$0.55"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=PQ!
$8.30"
kf=^d!
kf=^d!
kf=^d!
-2W4!`dd!.8F50!
kP=fQ!
kd=dd!
kd=dd!
$0.00"
$0.45"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=fQ!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
-2W4!`dd!.8F50!
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.45"
kd=dd!
kd=dQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kP=eQ!
$8.40"
kf=_Q!
kf=_Q!
kf=_Q!
-2W4!PQd!.8F50!!
kf=dQ!
kd=dd!
kd=dd!
$0.00"
$0.40"
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd=dd!
kf=dQ!
$8.45"
kf=Qd!
kf=QQ!
kf=QQ!
-2W4!PQd!.8F50!
kf=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
kd="d!
kd=dd!
kd=#d!
kf=Qd!
kf=Qd!
kf=`d!
kf=Pd!
kf=ed!
-2W4!PQd!.8F50!
DY/;;25!48J!8 F4E !
kf=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#d!
kd=dd!
kd=#d!
kd=dd!
kd=#d!
kf=fd!
kf=fd!
ke=dd!
ke=#d!
ke=_d!
-2W4!PQd!.8F50!
ke=`d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
kd="d!
kd=dd!
kd="d!
ke=`d!
ke=`d!
ke=Pd!
ke=fd!
ke=ed!
-2W4!PQd!.8F50!
k"d=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd="d!
k"d=dd!
k"d=dd!
k"d=dQ!
k"d="d!
k"d=#d!
-2W4!PQd!.8F50i!
k"d=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd="d!
k"d=Qd!
k"d=Qd!
k"d=QQ!
k"d=`d!
k"d=Pd!
-2W4!"ddd!.8F50!
k""=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dd!
kd=dd!
kd="d!
k""=dd!
k""=dd!
k""=dQ!
k""=dQ!
k""="Q!
-2W4!"ddd!.8F50!
k""=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
-2W4!"ddd!.8F50!
!!
k"#=^d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
$.252/G425!
!!
k"^=fQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
k"_="Q!
k"_="Q!
k"_=_Q!
k"_=PQ!
k"Q=dQ!
! !
!
QQ!
!
!
!
!
!
"
"
!
!
!
!
!
!
)$"++-(-)"!-'*&
!
-*H8;&
)PQQRNO!
-*H8;&&
AH6H3C.9!
-*H8;&&
.H9H3C.=!
-*H8;&&
>H.9H3C.=!
-*H8;&&
>H.3H3C.>!
-*H8;&&
>H..H3C.@!
&
!
!
!
!
"
"
!
!
!
!
!
!
+SYST&#SQ&SNT&(YUQSY&+^UccR&
!
!
!
!
"
"
!
!
!
!
!
!
&
!
!
!
"
"
!
!
!
!
!
!
M7504!"PQ!.8F50!
&
kP=_d!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_d!
$8.10"
kf="d!
kf="d!
kf="d!
-2W4!^Qd!.8F50!
!
kP=_Q!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_Q!
$8.15"
kf="Q!
kf="Q!
kf="Q!
-2W4!^Qd!.8F50!
!
kP=QQ!
kd=dd!
kd=dd!
$0.00"
$0.65"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=QQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
-2W4!`dd!.8F50!
!
kP=`Q!
kd=dd!
kd=dd!
$0.00"
$0.60"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=`Q!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
-2W4!`dd!.8F50!
!
kP=PQ!
kd=dd!
kd=dd!
$0.00"
$0.55"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=PQ!
$8.30"
kf=^d!
kf=^d!
kf=^d!
-2W4!`dd!.8F50!
!
kP=fQ!
kd=dd!
kd=dd!
$0.00"
$0.50"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=fQ!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
-2W4!"ddd!.8F50!
!
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.45"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=eQ!
$8.40"
kf=_d!
kf=_d!
kf=_d!
-2W4!"ddd!.8F50!
!
kf=dQ!
kd=dd!
kd=dd!
$0.00"
$0.40"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dQ!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
-2W4!"ddd!.8F50!
!
kf="Q!
kd=dd!
kd=dd!
$0.00"
$0.35"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf="Q!
$8.50"
kf=Qd!
kf=Qd!
kf=Qd!
-2W4!"ddd!.8F50!
!
kf=_d!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=#d!
kd=dd!
kd=#d!
!
kf=_d!
$8.55"
kf=QQ!
kf=PQ!
kf=eQ!
-2W4!"ddd!.8F50!
!
kf=`Q!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^P!
kd=dd!
kd=^f!
!
kf=`Q!
kf=`Q!
kf=`Q!
ke=d#!
ke=_d!
-2W4!"ddd!.8F50!
!
ke=dQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^Q!
kd=dd!
kd=^Q!
!
ke=dQ!
ke=dQ!
ke=dQ!
ke=_d!
ke=PQ!
$.252/G425!
!
ke=eQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=^d!
kd=^d!
kd=^d!
!
k"d=#Q!
k"d=#Q!
k"d=QQ!
k""="Q!
k""=PQ!
!
!
!!
!!
!!
""
""
!!
!!
!!
!!
!!
!!
!!
!
!
(YUUQ&:SMNORNSNVR&
&
!!
M7504!`dd!.8F50!
&
kP=Qd!
kd=dd!
kd=dd!
$0.00"
$0.60"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=Qd!
$8.10"
kP=eQ!
kP=eQ!
kP=eQ!
-2W4!`dd!.8F50!
!
kf=dd!
kd=dd!
kd=dd!
$0.00"
$0.30"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=dd!
$8.30"
kf=^d!
kf=^d!
kf=^d!
-2W4!`dd!.8F50!
!
kf=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=Qd!
kf=Qd!
kf=Qd!
kf=Qd!
kf=Qd!
-2W4!`dd!.8F50!
!
ke=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=dd!
ke=dd!
ke=dd!
ke=dd!
ke=dd!
-2W4!`dd!.8F50!
!
ke=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
-2W4!`dd!.8F50!
!
ke=fQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=fQ!
ke=fQ!
ke=fQ!
ke=fQ!
ke=fQ!
-2W4!`dd!.8F50!
!
k"d=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=dd!
k"d=dd!
k"d=dd!
k"d=dd!
k"d=dd!
$.252/G425!
!
k""=dQ!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k""=^Q!
k""=^Q!
k""=`Q!
k""=eQ!
k"#=#Q!
! !
!
Q`!
!
!
!
!
!
""
"
!
!
!
!
!
!
)$"++-(-)"!-'*&
&
-*H8;&
)PQQRNO!
-*H8;&&
AH6H3C.9!
-*H8;&&
.H9H3C.=!
-*H8;&&
>H.9H3C.=!
-*H8;&&
>H.3H3C.>!
-*H8;&&
>H..H3C.@!
&
&
!
!
!
"
"
!
!
!
!
!
!
0QPXH5:&)YRQ_[&
&
!!
!!
!!
""
""
!!
!!
!!
!!
!!
!!
M7504!"PQ!.8F50!
&
kP=_d!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_d!
$8.10"
kf="d!
kf="d!
kf="d!
-2W4!^Qd!.8F50!
!
kP=_Q!
kd=dd!
kd=dd!
$0.00"
$0.70"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_Q!
$8.15"
kf="Q!
kf="Q!
kf="Q!
-2W4!Qdd!.8F50!
!
kP=QQ!
kd=dd!
kd=dd!
$0.00"
$0.65"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=QQ!
$8.20"
kf=#d!
kf=#d!
kf=#d!
-2W4!`dd!.8F50!
!
kP=`Q!
kd=dd!
kd=dd!
$0.00"
$0.60"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=`Q!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
-2W4!`dd!.8F50!
!
kP=PQ!
kd=dd!
kd=dd!
$0.00"
$0.55"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=PQ!
$8.30"
kf=^d!
kf=^d!
kf=^d!
-2W4!`dd!.8F50!
!
kP=fQ!
kd=dd!
kd=dd!
$0.00"
$0.50"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=fQ!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
-2W4!`dd!.8F50!
!
kP=eQ!
kd=dd!
kd=dd!
$0.00"
$0.45"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
!
kP=eQ!
$8.40"
kf=_d!
kf=_d!
kf=_Q!
-2W4!fdd!.8F50!
!
kf=dQ!
kd=dd!
kd=dd!
$0.00"
$0.40"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
!
kf=dQ!
$8.45"
kf=_Q!
kf=_Q!
kf=QQ!
-2W4!fdd!.8F50!
!
kf="Q!
kd=dd!
kd=dd!
$0.00"
$0.35"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="Q!
kd=dd!
!
kf="Q!
$8.50"
kf=Qd!
kf=Qd!
kf=`Q!
-2W4!"ddd!.8F50!
!
kf=#Q!
kd=dd!
kd=dd!
$0.00"
$0.30"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
!
kf=#Q!
$8.55"
kf=QQ!
kf=QQ!
kf=fd!
-2W4!"ddd!.8F50!
!
kf=^Q!
kd=dd!
kd=dd!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
!
kf=^Q!
$8.60"
kf=`d!
kf=`d!
kf=ed!
-2W4!"ddd!.8F50!
!
kf=Qd!
kd=dd!
kd=dd!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=^Q!
kd=dd!
!
kf=Qd!
$8.65"
kf=`Q!
kf=`Q!
ke=dd!
-2W4!"ddd!.8F50i!
!
kf=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
!
kf=PQ!
kf=PQ!
kf=PQ!
kf=PQ!
ke=dd!
-2W4!"ddd!.8F50!
!
ke=dQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
!
ke=dQ!
ke=dQ!
ke=dQ!
ke=dQ!
ke=^d!
-2W4!"ddd!.8F50!
!
ke=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
-2W4!"ddd!.8F50!
!
ke=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
$.252/G425!
!
k"d=`d!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"d=ed!
k"d=ed!
k""=#d!
k""=Qd!
k""=fd!
! !
!
QP!
!
!
!
!
!
""
"
!
!
!
!
!
!
&)$"++-(-)"!-'*&
!
-*H8;&
)PQQRNO!
-*H8;&&
AH6H3C.9!
-*H8;&&
.H9H3C.=!
-*H8;&&
>H.9H3C.=!
-*H8;&&
>H.3H3C.>!
-*H8;&&
>H..H3C.@!
&
&
&
!
!
"
"
!
!
!
!
!
!
1SQOF!MeR&$MgPUQ&+^Uc&
&
&
!
!
"
"
!
!
!
!
!
!
(MQ[O&.@=&^UPQ[&
&
kP=_d!
kd=dd!
kd=dd!
$0.00"
$0.55"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_d!
$7.95"
kP=eQ!
kP=eQ!
kP=eQ!
*RbO&6=C&^UPQ[&
!
kP=_Q!
kd=dd!
kd=dd!
$0.00"
$0.55"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=_Q!
$8.00"
kf=dd!
kf=dd!
kf=dd!
*RbO&6=C&^UPQ[&
!
kP=QQ!
kd=dd!
kd=dd!
$0.00"
$0.50"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=QQ!
$8.05"
kf=dQ!
kf=dQ!
kf=dQ!
*RbO&>CC&^UPQ[&
!
kP=`Q!
kd=dd!
kd=dd!
$0.00"
$0.45"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=`Q!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&>CC&^UPQ[&
!
kP=fd!
kd=dd!
kd=dd!
$0.00"
$0.35"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kP=fd!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&>CC&^UPQ[&
!
kf=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=#d!
kf=#d!
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kf=Pd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=Pd!
kf=Pd!
kf=Pd!
kf=Pd!
kf=Pd!
*RbO&.CCC&^UPQ[&
!
ke=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=#d!
ke=#d!
ke=#d!
ke=#d!
ke=#d!
*RbO&.CCC&^UPQ[&
!
ke=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
ke=fd!
*RbO&.CCC&^UPQ[&
!
k"d=_d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=_d!
k"d=_d!
k"d=_d!
k"d=_d!
k"d=_d!
*RbO&.CCC&^UPQ[&
!
k""=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=dd!
k""=dd!
k""=dd!
k""=dd!
k""=dd!
*RbO&.CCC&^UPQ[&
!
k""=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
*RbO&.CCC&^UPQ[&
!
k"#=^d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
k"#=^d!
!^RQRSaORQ&
!
k"#=Pd!
kd=^d!
kd=dd!
kd=dd!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
kd=^d!
kd=dd!
!
k"^=dd!
k"^=dd!
k"^=^d!
k"^=`d!
k"^=ed!
!
!
!
!
!
"
"
!
!
!
!
!
!
!
!
!
!
!
"
"
!
!
!
!
!
!
+WJ25723?2!<52674!</Ji!
!
!
!
!
!
,/5C24JK/?2!</0.725!</J!62K2426!FJ83!5/47G7?/4783!
!
!
&
!
!
!
!
"
"
!
!
!
!
!
!
,ROQU&)UecRN[SOMUN&
!
!
!
!
"
"
!
!
!
!
!
!
$8J!*/426!MFKKR$7I2!
!
k_Qd=dd!
!
!
"
"
!
!
!
!
!
!
$8J!*/426!Z/54R$7I2!
!
k##Q=dd!
!
!
"
"
!
!
!
!
!
!
Paid!not!later!than!September!1,!2014!
"
"
!
!
!
!
!
!
!
! &
!
Qf!
&
"11%*0-D&"F3E&0";!'*&",%"&<"5%&,"!%+&
)$"++-(-)"!-'*&
&
0SWOUN&
)PQQRNO&
0SWOUN&
.H.H3C.=&
0SWOUN&&
>H.9H3C.=&
0SWOUN&&
>H.3H3C.>&
0SWOUN&&
>H..H3C.@&
&
&
&&
&&
&&
&&
&&
&&
&&
&
&&
7RST&5QUVRQW?&7RST&1QUTPVR?&&
(QUNO&%NT&:SNSXRQ?&&
0RYM&:SNSXRQ&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!!
Z3CC?CCC&SNT&YR[[&
!!
k"f=d#!
kd=dd!
kd=dd!
kd=#Q!
kd=#d!
kd=#Q!
kd=#d!
kd=^d!
kd=dd!
!
k"f=d#!
k"f=_P!
k"f=e#!
k"e=##!
Z3CC?CC.FZ9CC?CCC&
!
k"f=_e!
kd=dd!
kd=dd!
kd=#Q!
kd=df!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"f=_e!
k"f=f#!
k"e=dP!
k"e=^P!
Z9C.?CC.FZ>CC?CCC&
!
k"f=`e!
kd=dd!
kd=dd!
kd=#Q!
kd=d`!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"f=`e!
k"e=dd!
k"e=#Q!
k"e=QQ!
Z>CC?CC.FZ@CC?CCC&
!
k"f=Pe!
kd=dd!
kd=dd!
kd=#Q!
kd=d`!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"f=Pe!
k"e="d!
k"e=^Q!
k"e=`Q!
Z@CC?CC.FZ.?CCC?CCC&
!
k"f=fe!
kd=dd!
kd=dd!
kd=#Q!
kd=d`!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"f=fe!
k"e=#d!
k"e=_Q!
k"e=PQ!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k"e=^e!
kd=dd!
kd=dd!
kd=#Q!
kd=d`!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=^e!
k"e=Pd!
k"e=eQ!
k#d=#Q!
Z.?=CC?CC.&\&
!!
k"e=Q_!
kd=dd!
kd=dd!
kd=#Q!
kd=d`!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!!
k"e=Q_!
k"e=fQ!
k#d="d!
k#d=_d!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!!
7RST&0SMQW?&7RST&(QU]RN&(UUT?&&
7RST&*UNF(UUT&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!!
Z3CC?CCC&SNT&YR[[&
!!
k"P=#e!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"P=#e!
k"P=Qe!
k"P=ed!
k"f=#d!
Z3CC?CC.FZ9CC?CCC&
!!
k"P=^e!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"P=^e!
k"P=`e!
k"f=dd!
k"f=^d!
Z9C.?CC.FZ>CC?CCC&
!!
k"P=_e!
kd=dd!
kd=dd!
kd=#Q!
kd=df!
kd=#Q!
kd=df!
kd=^d!
kd=dd!
!!
k"P=_e!
k"P=f#!
k"f="Q!
k"f=_Q!
Z>CC?CC.FZ@CC?CCC&
!!
k"P=Qe!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"P=Qe!
k"P=fe!
k"f=#d!
k"f=Qd!
Z@CC?CC.FZ.?CCC?CCC&
!!
k"P=`e!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"P=`e!
k"P=ee!
k"f=^d!
k"f=`d!
Z.?CCC?CC.FZ.?=CC?CCC&
!!
k"P=e_!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"P=e_!
k"f=#_!
k"f=QQ!
k"f=fQ!
Z.?=CC?CC.&\&
!!
k"f=de!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=d`!
kd=^d!
kd=dd!
!!
k"f=de!
k"f=^e!
k"f=Pd!
k"e=dd!
! !
!
Qe!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
7RST&*MX^O&)YRQ_&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!
!!
Z3CC?CCC&SNT&YR[[&
&
k"`=ef!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^`!
kd=^d!
kd=^f!
!
k"`=ef!
k"P=^P!
k"P=ef!
k"f=``!
Z3CC?CC.FZ9CC?CCC&
!
k"P=df!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^f!
kd=^d!
kd=_d!
!
k"P=df!
k"P=_P!
k"f="d!
k"f=fd!
Z9C.?CC.FZ>CC?CCC&
!
k"P="f!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^#!
kd=^d!
kd=_"!
!
k"P="f!
k"P=QP!
k"f="_!
k"f=fQ!
Z>CC?CC.FZ@CC?CCC&
!
k"P=#f!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^Q!
kd=^d!
kd=^f!
!
k"P=#f!
k"P=`P!
k"f=#P!
k"f=eQ!
Z@CC?CC.FZ.?CCC?CCC&
!
k"P=_e!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^Q!
kd=^d!
kd=#P!
!
k"P=_e!
k"P=ff!
k"f=_f!
k"e=dQ!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k"P=P_!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^Q!
kd=^d!
kd=#P!
!
k"P=P_!
k"f="^!
k"f=P^!
k"e=^d!
Z.?=CC?CC.&\&
!
k"P=fe!
kd=dd!
kd=dd!
kd=#Q!
kd="_!
kd=#Q!
kd=^Q!
kd=^d!
kd=#P!
!
k"P=fe!
k"f=#f!
k"f=ff!
k"e=_Q!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!
"[[O/&(QUNO&%NT&:XQ/&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!
!!
Z.?CCC?CCC&SNT&YR[[&
&
k"`=ef!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"`=ef!
k"P=#^!
k"P=Qe!
k"P=ee!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"P=#^!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"P=#^!
k"P=_f!
k"P=f_!
k"f=#_!
Z.?=CC?CC.&\&
&
k"P=^f!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"P=^f!
k"P=`^!
k"P=ee!
k"f=^e!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!
$RST&(YUQSY&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!!
Z.?CCC?CCC&SNT&YR[[&
!
k"`=ef!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd="#!
kd=^d!
kd="^!
&
k"`=ef!
k"P=#^!
k"P=`d!
k"f=d^!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"P=#^!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd="#!
kd=^d!
kd="^!
&
k"P=#^!
k"P=_f!
k"P=fQ!
k"f=#f!
Z.?=CC?CC.&\&
&
k"P=^f!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd="#!
kd=^d!
kd="^!
&
k"P=^f!
k"P=`^!
k"f=dd!
k"f=_^!
&
&
!
!
!
!
!
!
!
!
!
"[[O/&1QUTPVR&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
k"`=ef!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"`=ef!
k"P=#^!
k"P=Qe!
k"P=ee!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"P=#^!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"P=#^!
k"P=_f!
k"P=f_!
k"f=#_!
Z.?=CC?CC.&\&
&
k"P=^f!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=""!
kd=^d!
kd="d!
&
k"P=^f!
k"P=`^!
k"P=ee!
k"f=^e!
&
&
!!
!!
!!
!!
!!
!!
!!
!
!!
(UUT&)YRQ_[&
&
k"`=Qf!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dQ!
kd=^d!
kd=dd!
G7MQRT&`RaU QR &3 H.@ HA 3 J&
&
k"`=Qf!
k"`=f^!
k"P="^!
k"P=_^!
! !
!
`d!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
!
!
!
!
&
!
!
!
!
!
(UUT&)YRQ_[&
!
!
!
!
&
!
!
!
!
!
G^MQRT&SaORQ &3H. @ HA 3J&
&
!!
!!
!!
!!
!!
!!
!!
!
!!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&=CC^UPQ[&
!
kP=eQ!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kf=dd!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kf="d!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kf=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&>CC&^UPQ[&
!
kf=^d!
$0.00"
$0.10"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&@=C&^UPQ[&&
!
kf=_d!
$0.00"
$0.05"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&@=C&^UPQ[&
!
kf=ed!
kd=dd!
$0.00"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=ed!
kf=ed!
kf=ed!
kf=ed!
*RbO&@=C&^UPQ[&&
G#SXXRQ&OU c &UP OJ&
!
ke=_d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd="d!
kd=dd!
!
ke=_d!
ke=_d!
ke=_d!
ke=Qd!
*RbO&@=C&^UPQ[&
!
ke=ed!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=ed!
ke=ed!
ke=ed!
ke=ed!
*RbO&@=C&^UPQ[&
!
k"d=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=#d!
k"d=#d!
k"d=#d!
k"d=#d!
*RbO&@=C&^UPQ[d&
!
k"d=Pd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k"d=Pd!
k"d=Pd!
k"d=Pd!
k"d=Pd!
*RbO&.CCC&^UPQ[&
!
k""=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=#d!
k""=#d!
k""=#d!
k""=#d!
*RbO&.CCC&^UPQ[&
!
k""=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
k""=PQ!
k""=PQ!
k""=PQ!
k""=PQ!
*RbO&.CCC&^UPQ[&
!
k"#=#d!
kd=dd!
kd=dd!
kd=dd!
kd=dQ!
kd=dd!
kd=dQ!
kd=dd!
kd=dd!
!
k"#=#d!
k"#=#Q!
k"#=^d!
k"#=^d!
!^RQRSaORQ&
!
k"_=#Q!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"_=#Q!
k"_=Qd!
k"_=PQ!
k"Q=dQ!
&&
!
!
!
!
!
!
!
!
!
!
)UaaRR&+^Uc&)YRQ_[&
&
Clerks"progress"through"Food"Clerk"progression"to"top"rate""
at"ratification"for"Food"Clerks"hired"before"2/17/82"
$8J!*/42!
!
k"_=#Q!
! !
!
`"!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
+SYST&#SQ&SNT&(YUQSY&+^UccR&
&
!
!
!
!
!
!
!
!
!!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&6=C&^UPQ[&
!
kP=eQ!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kP=eQ!
$0.00"
$0.30"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kP=eQ!
$0.00"
$0.35"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kf=dd!
$0.00"
$0.35"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&.CCC&^UPQ[&
!
kf="d!
$0.00"
$0.30"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&.CCC&^UPQ[&
!
kf=#d!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&.CCC&^UPQ[&
!
kf=^d!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.50"
kf=Qd!
kf=Qd!
kf=Qd!
*RbO&.CCC&^UPQ[&
!
kf=fd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=fd!
kf=fd!
kf=fd!
kf=fd!
*RbO&.CCC&^UPQ[&
!
ke=_d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=_d!
ke=_d!
ke=_d!
ke=_d!
*RbO&.CCC&^UPQ[&
!
ke=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
!^RQRSaORQ&
!
k"d=eQ!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"d=eQ!
k""=#d!
k""=_Q!
k""=PQ!
&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
(YUUQ&:SMNORNSNVR&
&
!
!
!
!
!
!
!
!
!!
(MQ[O&>CC&^UPQ[&
&
-@(!
-@(!
-@(!
-@(!
-@(!
!
*RbO&>CC&^UPQ[&
!
-@(!
-@(!
-@(!
-@(!
-@(!
*RbO&>CC&^UPQ[&
!
-@(!
-@(!
-@(!
-@(!
-@(!
*RbO&>CC&^UPQ[&
!
-@(!
-@(!
-@(!
-@(!
-@(!
*RbO&>CC&^UPQ[&
!
-(!
-(!
-(!
-(!
!-(!
*RbO&>CC&^UPQ[&
!
-@(!
-@(!
-@(!
-@(!
-@(!
*RbO&>CC&^UPQ[&
!
-(!
-(!
-(!
-(!
-(!
!^RQRSaORQ&
!
-(!
-(!
-(!
-(!
!-(!
&
!
"
Upon"ratification,"Associates"currently"moving"through"Sacker"and"Demo"progression"
will"be"moved"to"the"post"Feb."17,"1982"Clerk"scale."""
Upon"ratification,"all"top"rated"baggers"will"move"to"$8.80"rate."
&&
!
&&
!
)PQQRNO&,SOR&
AH6H3C.9&
.H.H3C.=&
>H.3H3C.>&
>H..H3C.@&
&&
!
kf=#Q!
kf=fd!
kf=fd!
ke=#d!
ke=Qd!
+SV_RQ&SNT&0ReU&
&
! !
!
`#!
)$"++-(-)"!-'*&
&
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
&
!
!
!
!
!
!
!
!
!
:RSO&0RcO/&:SNSXRQ&
&
!!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!
k"e=fe!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=fe!
k#d="_!
k#d=^e!
k#d=`e!
Z3CC?CC.FZ9CC?CCC&
!
k#d="_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#d="_!
k#d=^e!
k#d=`_!
k#d=e_!
Z9C.?CC.FZ>CC?CCC&
!
k#d=`_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#d=`_!
k#d=fe!
k#"="_!
k#"=__!
Z>CC?CC.FZ@CC?CCC&
!
k#d=P_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#d=P_!
k#d=ee!
k#"=#_!
k#"=Q_!
Z@CC?CC.FZ.?CCC?CCC&
!
k#d=f_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#d=f_!
k#"=de!
k#"=^_!
k#"=`_!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k#"=^_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#"=^_!
k#"=Qe!
k#"=f_!
k##="_!
Z.?=CC?CC.&\&
!
k#"=_e!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k#"=_e!
k#"=P_!
k#"=ee!
k##=#e!
&&
!
!
!
!
!
!
!
!
!
!
"[[O/&:RSO&0RcO/&:SNSXRQ&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z3CC?CCC&SNT&YR[[&
!
k"e=d_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=d_!
k"e=#e!
k"e=Q_!
k"e=f_!
Z3CC?CC.FZ9CC?CCC&
!
k"e="_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e="_!
k"e=^e!
k"e=`_!
k"e=e_!
Z9C.?CC.FZ>CC?CCC&
!
k"e=#_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=#_!
k"e=_e!
k"e=P_!
k#d=d_!
Z>CC?CC.FZ@CC?CCC&
!
k"e=^_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=^_!
k"e=Qe!
k"e=f_!
k#d="_!
Z@CC?CC.FZ.?CCC?CCC&
!
k"e=__!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=__!
k"e=`e!
k"e=e_!
k#d=#_!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k"e=`e!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=`e!
k"e=e_!
k#d="e!
k#d=_e!
Z.?=CC?CC.&\&
!
k"e=f_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
!
k"e=f_!
k#d=de!
k#d=^_!
k#d=`_!
&&
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
IUPQNRWe SN &&
!
k"f=#_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
D?/3?2K0!K24425!8G!F362504/3673;E!
&
k"f=#_!
k"f=_e!
k"f=P_!
k"e=d_!
&
&
!!
!!
!!
!!
!!
!!
!!
!
!!
)YRQ_&)POORQ&1QReMPe&
&
k"=Qd&
-8!<./3;2&
-8!<./3;2&
-8!<./3;2&
-8!<./3;2&
! !
!
`^!
)$"++-(-)"!-'*&
&
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&&
&
!!
!!
!!
!!
!!
!!
!!
!
!
$RST&+RSaUUT&)YRQ_&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!
!
!
!
!
!
!
!
!!
Z3CC?CCC&SNT&YR[[&
!
k"Q=de!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd="`!
!
k"Q=de!
k"Q=^_!
k"Q=Qe!
k"`=dQ!
Z3CC?CC.FZ9CC?CCC&
!
k"Q=#e!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=#`!
!
k"Q=#e!
k"Q=Q_!
k"Q=Pe!
k"`=^Q!
Z9C.?CC.FZ>CC?CCC&
!
k"Q=Qe!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd="`!
!
k"Q=Qe!
k"Q=f_!
k"`=de!
k"`=QQ!
Z>CC?CC.FZ@CC?CCC&
!
k"Q=Pe!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd="`!
!
k"Q=Pe!
k"`=d_!
k"`=#e!
k"`=PQ!
Z@CC?CC.FZ.?CCC?CCC&
!
k"Q=fe!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=#`!
!
k"Q=fe!
k"`="_!
k"`=^e!
k"`=eQ!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k"`=d_!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=^`!
!
k"`=d_!
k"`=#e!
k"`=Q_!
k"P=#d!
Z.?=CC?CC.&\&
!
k"`="e!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=^`!
!
k"`="e!
k"`=__!
k"`=`e!
k"P=^Q!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!!
"[[O/&7RST&0RYM?&$RST&#S_RQ?&
)^RR[ReS[ORQ&
!
!
!
!
!
!
!
!
!
!
!
Upon"ratification,"Dayton"Asst."Head"Deli"go"to"new"combined"rate."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
Z.?CCC?CCC&SNT&YR[[&
!
k"P=^`!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
&
k"P=^`!
k"P=`"!
k"P=f`!
k"f="`!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"P=`"!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
&
k"P=`"!
k"P=f`!
k"f=""!
k"f=_"!
Z.?=CC?CC.&\&
&
k"P=P`!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
&
k"P=P`!
k"f=d"!
k"f=#`!
k"f=Q`!
&&
&
!
!
!
!
!
!
!
!
!
+RSaUUT&SNT&+RQfMVR&:RSO&
&
Upon"ratification,"Associates"move"to"postXFeb."27,"1982"Food"Clerk"rate."
&&
&
!
!
0RYM&)YRQ_[&^MQRT&SaORQ&..&HAHA.&
&
Upon"ratification,"Associates"move"to"postXFeb."27,"1982"Food"Clerk"rate."
!!
!
!
!
!
!
!
!
!
!
!
!!
!
,SOMaMVSOMUN&
"aORQ&.CCC&^UPQ[&
!^RQRSaORQ&
$RST&)UaaRR&+^Uc&
!
k"#=^d!
k"_=#Q!
k"_=#Q!
!
7RST&0QPX&H&5:&
&
All"store"volume"brackets"less"than"$999,999"combined"into"one"bracket.""Associates"will"
move"to"combined"rate."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
Z.?CCC?CCC&SNT&YR[[&
!
k"Q="d!
kd=dd!
kd=dd!
kd=#Q!
kd=Qd!
kd=#Q!
kd=_Q!
kd=^d!
kd=_d!
!
k"Q="d!
k"Q=fQ!
k"`=QQ!
k"P=#Q!
Z.?CCC?CC.FZ.?=CC?CCC&
!
k"Q=`d!
kd=dd!
kd=dd!
kd=#Q!
kd=Qd!
kd=#Q!
kd=_Q!
kd=^d!
kd=_d!
!
k"Q=`d!
k"`=^Q!
k"P=dQ!
k"P=PQ!
Z.?=CC?CC.&\&
!
k"Q=PQ!
kd=dd!
kd=dd!
kd=#Q!
kd=Qd!
kd=#Q!
kd=_Q!
kd=^d!
kd=_d!
!
k"Q=PQ!
k"`=Qd!
k"P=#d!
k"P=ed!
! !
!
`_!
&
&
!
!
!
!
!
!
!
!
!
)$"++-(-)"!-'*&
"
0SWOUN&
)PQQRNO"
0SWOUN&
.H.H3C.="
0SWOUN&&
>H.9H3C.="
0SWOUN&&
>H.3H3C.>"
0SWOUN&&
>H..H3C.@"
&
&
"
)U[eROMVMSN&-&
&
Cosmetician"rates"redXcircled.""Upon"ratification,"Cosmeticians"will"be"considered"Asst."
Head"Drug/GM."
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
Z.?CCC?CCC&SNT&YR[[&
&
k"#=PQ!
kd=dd!
kd=dd!
kd=#Q!
kd=QQ!
kd=#Q!
kd=`d!
kd=^d!
kd=QQ!
&
k"#=PQ!
k"^=QQ!
k"_=_d!
k"Q=#Q!
Z.?CCC?CC.\&
&
k"#=ed!
kd=dd!
kd=dd!
kd=#Q!
kd=QQ!
kd=#Q!
kd=`d!
kd=^d!
kd=QQ!
&
k"#=ed!
k"^=Pd!
k"_=QQ!
k"Q=_d!
&&
&
!
!
!
!
!
!
!
!
!
"[[O/&7RST&0QPXH5:&&
!
!
!
!
!
!
!
!
!
!
G^MQRT&`RaU QR &OU&> H9HA@ J&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
!
k"#=fd!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=^d!
&
k"#=fd!
k"^=_d!
k"_=dd!
k"_=`d!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"^=dQ!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=^d!
&
k"^=dQ!
k"^=`Q!
k"_=#Q!
k"_=fQ!
Z.?=CC?CC.&\&
&
k"^=#d!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=^d!
&
k"^=#d!
k"^=fd!
k"_=_d!
k"Q=dd!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!
"[[O/&7RST&0QPXH5:&
!
!
!
!
!
!
!
!
!
!
G^MQRT&SaORQ&> H9 HA @J&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!!
Z.?CCC?CCC&SNT&YR[[&
!
k""=PQ!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=^d!
&
k""=PQ!
k"#=^Q!
k"#=eQ!
k"^=QQ!
Z.?CCC?CC.FZ.?=CC?CCC&
&
k"#=dd!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=QQ!
&
k"#=dd!
k"#=`d!
k"^=#d!
k"_=dQ!
Z.?=CC?CC.&\&
&
k"#="Q!
kd=dd!
kd=dd!
kd=#Q!
kd=^Q!
kd=#Q!
kd=^Q!
kd=^d!
kd=QQ!
&
k"#="Q!
k"#=PQ!
k"^=^Q!
k"_=#d!
&
!
!!
!!
!!
!!
!!
!!
!!
!
!!
0QPX&5:&)YRQ_[&&
!
k"#=dd!
kd=dd!
kd=dd!
kd=#Q!
kd=dQ!
kd=#Q!
kd=dd!
kd=^d!
kd=dd!
G^MQRT&UN&UQ &`R aU QR &>H9 HA @ J&
&
k"#=dd!
k"#=^d!
k"#=QQ!
k"#=fQ!
!
! !
!
`Q!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
!
!
0QPXH5:&)YRQ_[&
!
!
!
!
!
!
!
!
!
!!
G^MQRT&SaORQ&> H9 HA @J&
&
!!
!!
!!
!!
!!
!!
!!
!
!!
(MQ[O&.@=&^UPQ[&
&
kP=eQ!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.10"
kf="d!
kf="d!
kf="d!
*RbO&6=C&^UPQ[&
!
kP=eQ!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.15"
kf="Q!
kf="Q!
kf="Q!
*RbO&=CC&^UPQ[&
!
kP=eQ!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.20"
kf=#d!
kf=#d!
kf=#d!
*RbO&>CC&^UPQ[&
!
kf=dd!
$0.00"
$0.25"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.25"
kf=#Q!
kf=#Q!
kf=#Q!
*RbO&>CC&^UPQ[&
!
kf="d!
$0.00"
$0.20"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.30"
kf=^d!
kf=^d!
kf=^d!
*RbO&>CC&^UPQ[&
!
kf=#d!
$0.00"
$0.15"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.35"
kf=^Q!
kf=^Q!
kf=^Q!
*RbO&>CC&^UPQ[&
!
kf=^d!
$0.00"
$0.10"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.40"
kf=_d!
kf=_d!
kf=_d!
*RbO&ACC&^UPQ[&
!
kf=_d!
$0.00"
$0.05"
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
$8.45"
kf=_Q!
kf=_Q!
kf=_Q!
*RbO&ACC&^UPQ[&
!
kf=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=Qd!
kf=Qd!
kf=Qd!
kf=Qd!
*RbO&.CCC&^UPQ[&
!
kf=`Q!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=`Q!
kf=`Q!
kf=`Q!
kf=`Q!
*RbO&.CCC&^UPQ[d&
!
kf=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=PQ!
kf=PQ!
kf=PQ!
kf=PQ!
*RbO&.CCC&^UPQ[&
!
kf=fQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
kf=fQ!
kf=fQ!
kf=fQ!
kf=fQ!
*RbO&.CCC&^UPQ[&
!
ke=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=dd!
ke=dd!
ke=dd!
ke=dd!
*RbO&.CCC&^UPQ[&
!
ke=^d!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=^d!
ke=^d!
ke=^d!
ke=^d!
*RbO&.CCC&^UPQ[&
!
ke=Qd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=Qd!
ke=Qd!
ke=Qd!
ke=Qd!
*RbO&.CCC&^UPQ[&
!
ke=PQ!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
kd=dd!
!
ke=PQ!
ke=PQ!
ke=PQ!
ke=PQ!
!^RQRSaORQ&
!
k"d=eQ!
kd=dd!
kd=dd!
kd=#Q!
kd=dd!
kd=#Q!
kd=dQ!
kd=^d!
kd=dd!
!
k"d=eQ!
k""=#d!
k""=Qd!
k""=fd!
! !
!
``!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
!
!
!
!
!
!
!
!
!
!
$RST&+SYST&#SQ&1QReMPe&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=#Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=_d!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=QQ!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
&
!
!
!
!
!
!
!
!
!
$RST&)UaaRR&1QReMPe&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=#Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=_d!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=QQ!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
&
!
!
!
!
!
!
!
!
!
(MYR&:SMNORNSNVR&)YRQ_&1QReMPe&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
&
!
!
!
!
!
!
!
!
!
#SV_&0UUQ&,RVRMfRQ&1QReMPe&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
&
!
!
!
!
!
!
!
!
!
)^RR[R&+ORhSQT&1QReMPe&
&
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
&
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&&
!
!
!
!
!
!
!
!
!
!
<MNR&+ORhSQT&1QReMPe&
!
!
!
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
!!
!
!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!!
!!
!!
!!
!!
!!
*POQMOMUN&)YRQ_&1QReMPe&
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
! !
!
`P!
)$"++-(-)"!-'*&
!
0SWOUN&
)PQQRNO!
0SWOUN&
.H.H3C.=!
0SWOUN&&
>H.9H3C.=!
0SWOUN&&
>H.3H3C.>!
0SWOUN&&
>H..H3C.@!
&
!
!
!
!
!
!
!
)S_R&0RVUQSOUQ&1QReMPe&
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!!
!!
!!
!!
!!
!!
$RST&5:&1QReMPe &
G:SQ_ROc YSV RJ&&
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!!
!!
!!
!!
!!
!!
$RST&$MgPUQ&1QReMPe&8;&UNYW&
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&S N T &YR [ [&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
!
!!
!!
!!
!!
!!
!!
$RST&(PRY&)YRQ_&
!
!
!
!
!
!
!
$84/K!'4852!'/K20!2W?KF673;!MF2K!
!
!!
!!
!!
!!
!!
!!
Z.?CCC?CCC&SNT&YR[[&
&
kd=Qd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?CCC?CC.&&F&Z.?=CC?CC.&
&
kd=`Q!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
Z.?=CC?CC.&&\&
&
kd=fd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
&
&
!!
!!
!!
!!
!!
!!
*MX^O&)QRh&1QReMPe &
&
k"=dd!
-8!<./3;2!
-8!<./3;2!
-8!<./3;2!
k"=#Q!
&
&
!!
!!
!!
!!
!!
!!
+WJ25723?2!<52674!</Ji!
!
!
!
!
!
!
!
!
!
!
&
!
!
!
!
!
!
!
!
!
!
$Pec&+Pe&)Ue cR N[SOMUN&
!
Paid!not!later!than!September!1,!2014!
!
!
!
M85!(008?7/420!2358KK26!73!M/I7KB!<8V25/;2!/0!8G!5/47G7?/4783!
!
!
k`dd=dd!
!
!
!
M85!(008?7/420!2358KK26!73!'73;K2!<8V25/;2!/0!8G!5/47G7?/4783!
!
!
k^dd=dd!
!
!
!
!
iii&3!048520!/0!62425I7326!1B!4.2!<8IJ/3B>!(008?7/420!97KK!12!2K7;71K2!G85!4.2!/18V2!J52I7FI0!FJ8 3!?8I JK24783!8G!45/7373;!/36!
?2547G7?/4783!J58;5/I0!/0!I/B!12!204/1K70.26!/36!I867G726!1B!4.2!<8IJ /3B=!!D$.2!/18V2 !J52I7FI 0!68 !384!7II 267/42KB!aF/K7GB!
/3!(008?7/42!G85!.2/K4.!730F 5/3 ?2 >!?830 70423 4!9 74.!4.2 !?F552 34!J 5/? 47?2!G85!?K2 5C!?F 4425!/3 6!3 7;. 4!?529 !J52 I 7FI0E= !
! &
!
`f!
"11%*0-D&#E&&I'#&0%+),-1!-'*+&
!
(!V78K/4783!8G!4.2!G8KK8973;!Hl8 1!A2 0?57J 47830 H!'/?C25@</55B8F4>!MK85/K>!/36!'/K/6!Y/5!(44236/34>!97KK!520FK4!73!J 2 3 / K4 B!J / B !G 8 5!/ !
J58V23!V78K/4783!/4!4.2!J52I7FI!5/42!8G!47I2!/36!832R./KG!D"!cE>!1F4!38!K200!4./3!832 !D"E!.8 F5X0!J /B!/4!4. 2!(008?7/42X0!52;FK/5!
5/42!8G!J/B!G85!4.2!(008?7/42!G7K73;!4.2!;572V/3 ?2 =!
!
(!V78K/4783!8G!4.2!734234!8G!4.70!02?4783!70!62G7326!/0!4.2!C38973;!J25G85I/3?2!8G!b81!6F4720!8F40762!4.2!/18V2!?K/007G7?/47830!1B!
4.2!6752?4783!8G!85!9 74.!4. 2!J2 5I 700783 !8G!4.2 !'4852!,/3/;25>!<8R,/3 /;25D0E>!A2J/54I234!%2/6>!85!(00704/34!A2J/54I234!%2/6=!
!
+SV_RQH)SQQWUPO!
(!0/?C25@?/55B8F4!(008?7/42X0!985C!70!5204 57? 42 6!48!4.2 !G 8 KK8 973;!6 F 47 2 0] ! !
!
"= ,/734/73!4.2!/52/!8G!4.2!?.2?C04/36!/36!?F048I25!2345/3?20!73!/3!85625KB!?83674783!4.58F;.!?K2/3FJ!985C!/36!4.2!048?C73;!
8G!0FJJK720!73!4.2!?.2?C!04/360!D/K08!4.2!6704571F 4783 !8G!0FJ J KB!856 250!4. 58F ;. 8 F4!4.2 !04852 E>!9. 7?. !0./ KK!384!73? KF6 2!
I25?./36702!G85!0/K2>!2W?2J4!G85!J586F?4!48!0.2KG!J57?2!?.2?C0!52aF20426!1B!/!?/0.725!/36!4.2!524F53!8G!/KK!J2570./1K2 !
I25?./36702!48!048?C!G58I!4.2!?.2?C04/36!/52/!/36!I70JK/?26!4.58F;.8F4!4.2!04852=!
!
#= (00704/3?2!48!?F048I250!73!4.2!1/;;73;!/36!F3K8/673;!8G!4.275!856250!/36!73!45/30J85473;!I25?./36702!JF5?./026!1B!4.2I!48!
4.275!/F48I8 17K2!73!4. 2!048 52X0!J/5C 73;!K84=!
!
^= $. 2!?8KK2?4783!8G!0.8JJ73;!?/540=!
!
_= '8 54!2IJ4B!524F5326!?834/73250!D7=2=>!1844K20>!?/30>!24?=E!/36!JF4!73!J58J25!/52/!G85!524F53=!
!
Q= <K2/373;!FJ!H0J7KK0H=!
!
`= )2325/K!?K2/373;>!73?KF673;!4.2!I8V73;!/36!52JK/?73;!8G!0.2KG!J586F?4!/36!1/?C588I!J586F?4!73!85625!48!23;/;2!73!;2325/K!
?K2/373;>!1/K73;!/36!K8/673;!8G!0/KV/;2>!/0!92KK!/0!4.2!32?200/5B!52I8V/K!/36!52J80473;!8G!973689!07;30!9.7K2!9/0.73;!
9736890=!
!
P= '7;3!/36!62?85/42!4.2!04852=!
!
f= *20.8J@52048?C!/KK!I70JK/?26!I25?./36702=!
!
0ReUN[OQSOUQ[!
A2I83045/4850X!6F4720!0./KK!12!K7I7426!48!02?F573;>!J52J/573;!/36!62I83045/473;!J586F?4>!1F4!97KK!84.259702!384!J25G85I!/3B!
1/5;/7373;!F374!985C=!
!!
+SYST&#SQ!
$.70!?K/007G7?/4783!70!48!12!F026!73!J586F?2!62J/54I2340!48!8J25/42!0/K/6!1/50=!!$.2!0/K/6!1/5!02?4783!97KK!12!?83 076 2 52 6 !/!6 70 473 ? 4!
J/54!8G!4.2!J586F?2!62J/54I234!/36!/0!J/54!8G!4.2!520J830717K74B!8G!4.2!%2/6!Z586F?2!<K25C=!
!
'/K/6!Y/5!<K25C0X!6F4720!0./KK!12!K7I7426!48!J25G85I73;!6F4720!6752?4KB!52K/426!48!4.2!0/K/6!1/5!83KB=!!&4!70!384!4.2!734234!8G!4.70!
02?4783!48!2WJ/36!0/K/6!1/5!?K25C!6F4720[!.892V25>!83KB!/4!4.2!?F048I25X0!52aF204>!97KK!74!12!J25I70071K2!G85!/!0/K/6!1/5!?K25C!48!
927;.!742I0!4./4!/52!384!J/54!8G!4.2!0/K/6!1/5!?K/007G7?/4783=!
!
<K25C0!I/B!12!52aF7526!48!985C!73!4.2!0/K/6!1/5!02?4783!/4!4.275!?F55234!5/42!8G!J/B =!
!
'/K/6!1/5!?K25C0!0./KK!85625>!J52J/52>!670JK/B>!J57?2>!/55/3;2>!?/52!G85>!02KK!/36!73V23485B!4.802!742I0!0J2?7G7?/KKB!08K6!1B!4.2!0/K/6!
1/5!02?4783=!!$.2B!0./KK!/K08!12!520J83071K2!G85!I/734/7373;!0/374/4783!73!4.275!985C!/36!0/K20!/52/0=!
!
!
`e!
<K25C0!985C73;!J57I/57KB!73!0/K/6!1/5!/0!8G!A2?2I125!`>!"ef`!I/B!?83473F2!48!985C!73!4.2!0/K/6!1/5!/4!4.275!?K25C!5/42!8G!J/B=!!
$.275!.8F50!I/B!384!12!?K/7I26!1B!84.25!?K25C0=!!'.8FK6!/3B!8G!4.202!?K25C0!/??2J4!/3!/007;3I234!48!84.25!6F4720>!4.2B!97KK!12!
52JK/?26!1B!/!0/ K/6 !1/5!/442 36 /3 4=!
!
(YUQSY&+^Uc&"OORNTSNO!
MK85/K!'.8J!(44236/340X!6F4720!0./KK!12!K7I7426!48!J25G85I73;!6F4720!6752?4KB!52K/426!48!4.2!GK85/K!0.8J!83KB=!
!
$.70!?K/007G7?/4783!70!48!12!F026!73!J586F?2!62J/54I2340!48!8J25/42!GK85/K!0.8J0=!!$.2!GK85/K!0.8J!97KK!12!?830762526!/!670473?4!J/54!
8G!4.2!J586F?2!62J/54I234!/36!/0!J/54!8G!4.2!520J830717K74B!8G!4.2!%2/6!Z586F?2!<K25C=!
!
<K25C0!985C73;!J57I/57KB!73!GK85/K!0.8J0!/0!8G!!A2?2I125!`>!"ef`!I/B!?83473F2!48!985C!73!4. 2!GK85/ K!0.8J !/4!4.2 75!?K25C!5/42!8 G!J/B =!!
$.275!.8F50!I/B!384!12!?K/7I26!1B!84.25!?K25C0=!!'.8FK6!/3B!8G!4.202!?K25C0!/??2J4!/3!/007;3I234!48!84.25!6F4720>!4.2B!97KK!12!
52JK/?26!1B!/!GK8 5/K!0.8 J!/ 4423 6/ 34=!
!
MK85/K!'.8J!(44236/340!/007;326!/G425!A2?2I125!`>!"ef`!97KK!./V2!02J/5/42!02378574B!/I83;!GK85/K!0.8J!/44236/340!83KB!/36!
1232G740!F3625!4.2!0/I2!?836747830!620?57126!73!4.2!/JJ58J57/42!/547?K20!8G!4.70!(;522I234=!!!
!
<K25C0!I/B!12!52aF752 6!48!9 8 5C!73!4.2 !GK85/K!0. 8J !83!0J2?7/K!8??/07830!0F?.!/0!,84.25X0!A/B>!\/K234732X0!A/B>!'9224204!A/B>!24?=!
48!/00704!4.2!GK85/ K!6 2J / 54 I 2 3 4= !
!
<K25C0!I/B!12!52aF7526!48!985C!73!GK85/K!0.8J0!48!G7KK!73!G85!V/?/47830>!2I25;23?720>!/36@85!/102342270I=!
!
&3!/KK!7304/ 3 ?2 0 !I 2 3 4 78 3 26!/18V2 >!M K8 5/ K!( 44 2 36 / 3 40 !IF04!12!0?.26FK26!/KK!/V/7K/1K2!.8F50!/??85673;!48!4.275!02378574B!/36!
/V/7K/17K74B>!G7504>!12G852!52 a F 75 73 ; !? K2 5C 0 !48 !985C!73!4 . 2 !GK85/K!0.8J=!
!
$.2!MK85/K!'.8J!(44236/340!0./KK!85625>!J52J/52>!670JK/B>!J57?2>!/55/3;2>!?/52!G85>!02KK!/36!73V23485B!4.802!742I0!0J2?7G7?/KKB!08K6!
1B!4.2!GK85/K!0.8J=!!$.2B!0./KK!/K08!12!520J83071K2!G85!I/734/7373;!0/374/4783!73!4.275!985C!/36!0/K20!/52/=!!!
!
0RcSQOeRNO&!QSMNRQ&
$.2!+IJK8B25!I/B!6207;3/42!/!I/W7IFI!8G!832!D"E!(008?7/42!J25!I/b85!62J/54I234!D7=2=!)58?25B>!M5834!+36>!Z586F?2>!,2/4>!
/36!A2K7E!48!985C!974.!329 !.7520 !G85!4.2 !JF 5J8 02 !8G!G/?7K74/473 ;!4.2 75!45/7373 ;>!/0!62 2 I26!32 ? 2 0 0/ 5 B !1 B !4. 2 !+ IJK8B2 5=!!$ .70 !
(008?7/42!97KK!384!12!0F1b2?4!48!4.2!J58V707830!8G!(547?K2!e>!e=#!85!(547?K2!"">!""=_=!!$.70!(008?7/42!97KK!52?27V2!/3!/6674783/K!k=PQ!
J25!.8F5!/18V2!4.275!1/02!5/42=!!$.70!J52I7FI!0./KK!384!/JJKB!48!A2J/54I234!%2/60!/36!(00704/34!A2J/54I234!%2/60!9.8!
G/?7K74/42!45/7373;!/0!J/ 54!8G!4. 275!38 5I /K!b81 !6F 4720 = !
!
N.23!/!A2J/54I234!$5/7325!70!0?.26FK26 !48 !G/ ? 7K74/ 42 !45/ 73 73 ;!/ 3 6 !9 8 5C 0!Q d g!85!I85 2!8 G!4 . 275 !0? .2 6 F K2 6!. 8 F 50 !45/ 73 73 ;>!4 . 2B !
0./KK!52?27V2!4.2!62J/54I234!45/7325!J52I7FI!G85!4.2!234752!0.7G4=!!A2J/54I234!$5/73250!0?.26FK26!48!45/73!K200!4./3!Qdg!8G!4.275!
0?.26FK26!.8F50!0./KK!52?27V2!4.2!62J/54I234!45/7325!J52I7FI !G85!4.802!.8 F50!/?4F/KKB!0J234!45/7373;=!
!
&3!38!?/ 02 !97KK!/!A2J/54I234!$5/7325!12!0?.26FK26!G85!/!0.7G4!2/5K725!4./3!4.275!02378574B!98FK6!84.259702!/KK89=!!-S$+]!!
A2J/54I234!$5/7325!J52I7FI!0./KK!/JJKB!83!.8K76/B!/36!V/?/4783!J/B!73!4.2!0/I2!I/3325!/0!-7;.4!<529=!
! ! ! ! !
$MgPUQ&+^Uc&"OORNTSNO&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
"=!!! $.70!?K/007G7?/4783!70!48!12!F026!73!;58?25B!62J/54I2340!48!8J25/42!9732!/36!K7aF85!0.8J0!D974.73!048520!K8?/426!73!4.2!
'4/420!8G!:234F?CB!/36!&367/3/E=!
!
#=!!! $.2!b81!6F4720!8G!/!O7aF85!'.8J!(44236/34!0./KK!385I/KKB!73?KF62!?F048I25!025V7?2!/36!45/30/?47830>!8562573;!/36!
73V2348 5B!8 G!I25?./3 6 70 2!/ 3 6 !0F J J K72 0>!J 58 6 F ?4 !52? 2 7V73 ; >!J 57?73;>!048?C73;!/36!670JK/B73;>!/36!8J25/4783!8G!4.2!
62J/54I234!73!/??856/3?2!974.!4.2!+IJK8B25X0!8J25/47830!I25?./367073;!J8K7?720!/36!/JJK7?/1K2!04/42!K/90=!!&4!70!
F362504886!4./4!(008?7/420!73!0F?.!?K/007G7?/4783!0./KK!384!J25G85I!985C!8F40762!8G!0F?.!62J/54I234!R!/!V78K/4783!8G!
9.7?.!0./KK!12!?830762526!/!;572V/3?2!974.73!4.2!0?8J2!8G!(547?K2!#!8G!4.70!(;522I234=!
!
!
Pd!
^=!!! (008?7/420!?K/007G726!/0!O7aF85!'.8J!(44236/340!97KK!./V2!02378574B!F3625!4.2!0/I2!?836747830!/0!J58V762 6!G85!73!4.2!
/JJ58J57/42!(547?K20!8G!4.70!(;522I234>!1F4!02378574B!0./KK!12!/JJK726!83KB!/I83;!4.802!73!0F?.!?K/007G7?/ 478 3 =!
!
_=!! N.23!/!K7aF85!0.8JD0E!70!8J23!F3625!4.70!(;522I234>!/!3847?2!8G!0F?.!8J2373;D0E!0./KK!12!0234!48!4.2!L3783!SGG7?2!/36!
07IFK4/328F0KB!J80426!73!/KK!8G!4. 2 !+ I J K8 B 25X0 !04 8 520 !73 !A70457?4!+>!G8F5!D_E!922C0!73!/6V/3?2=!!'F?.!3847?2!0./KK!0J2?7GB!
4.2!5/420!8G!J/B!D12 ;733 73; !/4!4.2!04/ 5473;!5/42 E[!4./4!4.2 !(008?7/42!IF04!12!#"!B2/50!8G!/;2[!4./4!02J/5/42!02378574B!/36!
985C!6F4720!/52!73V8KV26=!!$.802!<K25C>!'/?C25@</55B8F4>!A2I83045/485>!MK85/K!/36!'/K/6!Y/5!(008?7/420!9.8!/52!620758F0!
8G!1273;!?830762526!G85!0F?.!J8074783!0./KK!0F1I74!/!K24425!8G!0F?.!734234!48!4.2!%FI/3!*208F5?2!A2J/54I234!D974.!/!
?8JB!48!4.2!O8?/K!L3783!SGG7?2E!974.73!498 !D# E!922C0!8G!0 F ?. !3 8 47? 2 !J8 0 473 ; =!
!
$.2!+IJK8B25!0./KK!./V2!4.2!57;.4!48!2W25?702!G73/K!bF6;I234!/0!48!4.2!02K2?4783!8G!(008?7/420!48!?K/007GB!/0!O7aF85!'.8J!
(44236/340!/G425!;7V73;!6F2!52;/56!48!02378574B=!!$.70!0./KK!384!J52?KF62!4.2!L3783!G58I!aF2 04 783 73 ; !4. 58 F ; . !4. 2 !
)572V/3?2!/36!(51745/4783!Z58?26F52>!9.24.25!4.2!+IJK8B25!./0!;7V23!6F2!52;/56!48!02378574B=!
!
Q=!!! (3B!<K25C!85!'/?C25@</55B8F4>!A2I83045/485>!MK85/K>!/36!'/K/6!Y/5!(008?7/42D0E!9.8!45/30G250!7348!/!O7aF 85!'. 8J !
(44236/34!J8074783!0./KK!./V2!4.2!57;.4!48!V8KF34/57KB!524F53!48!4.275!J5785!J8074783!73!4.2!2V234!4.2!O7aF85!'.8J!70!?K8026!
974.73!27;.4223!D"fE!I834.0!8G!4.2!6/42!8G!0F?.!45/30G25=!!MF54.25I852>!7G!/!G854B!D_dE!.8F5!985C!922C!12?8I20!
F3/V/7K/1K2!48!/3B!HGFKKR47I2H!O7aF85!'. 8J !(4423 6/ 34!9 74.73 !27;.42 23 !D"fE!I 8 34. 0!8G!4.2 !6/ 42!8G!0F ?. !45/30G2 5>!4.2B!0. /KK!
./V2!4.2!57;.4!48!V8KF34/57KB!524F53!48!4.275!J5785!J8074783!974.!38!K800!8G!02378574B!/36@85!1232G740=!
!
`=!!! &3!4.2!2V 2 3 4!4. 2 !+ IJK8B25 !2K2 ? 40 !48 !8 J 2 5/ 42 !O 7aF85!'.8J0!73!'4/42D0E!84.25!4./3!4.2!'4/42!8G!:234F?CB>!74!70!F362504886!
/36!/;5226!4./4!/6V/3?2!3847?2!0./KK!12!GF5370.26!48!4.2!L3783!73!85625!4./4!184.!J/54720!?/3!32;847/42!5/420!8G!J/B!/36!
?836747830!G85!0/I2=!
!
:RSO&0RcSQOeRNO&:SNSXRQ!
'./KK!12!aF/K7G726!48!J25G85I!/KK!4.2!6F4720!73!4.2!,2/4!A2J/54I234=!!Y2?/F02!8 G!4. 2 !;52 /425!0C7KK!/36!2WJ25723?2!,2/4!
A2J/54I234!,/3/;250!IF04!J800200>!4.2B!0./KK>!73!4.2!J25G85I/3?2!8G!4.275!985C>!12!520J83071K2!G85!4.2!8J25/4783!8G!4.2!,2/4!
A2J/54I234!73!/??856/3?2!974.!4.2!+IJK8B25!J8K7?B!/36!6752?4!4.2!I8V2I2340!/36!8J25/47830!8G!/KK!(008?7/420!73!4.2!,2/4!
A2J/54I234=!
!
"[[M[OSNO&:RSO&0RcSQOeRNO&:SNSXRQ!
&0!/!0C7KK26!,2/4!A 2J / 5 4I234!(008?7/42>!9.8!0./ KK!68!/3B!985C!/0 07 ;326!1B!4 . 2 !,2/4!A 2 J / 54 I234!,/3/;2 5 >!73 ? KF 6 73;!8562 573;!
D/0070473;!73!8562 573; !974. !4.2!,2/4!A2J/ 54I 23 4!,/3/;25E>!95/JJ73;>!5295/JJ73;>!927;.73;>!J57?73;>!/36!670JK/B73;!I2/4!73!
G85I0!/??2J 4/ 1K2!48 !4.2!+ I J K8B2 5!/3 6!73!/!I / 33 2 5!4./4!9 7KK!B72K6!4. 2!I /W 7I F I !J58 G74/1 K2!?F 40!G58I !4. 2!?/ 5?/0 0=!!(3 !(00 704/3 4!
,2/4!A2J/54I234!,/3/;25!97KK!022!4./4!4.2!J586F?40!/52!1273;!4/C23!?/52!8G!4.58F;.!4.2!52aF204!8G!4.2!,2/4!A2J/54I234!
,/3/;25!73!4.2!?F4473;!588I>!4/C2!?./5;2!9.23!4.2!,2/4!A2J/54I234!,/3/;25!70!384!83!6F4B>!/36!?/55B!8F4!4.2!+IJK8B25X0!
J8K7?B>!4.2!0/I2!/0!4.2!,2/4!A2J/54I234!,/3/;25=!
!
-8!(008?7/42!97KK!12!/007;326!48!4.2!(00704/34!,2/4!A2J/54I234!,/3/;25!?K/007G7?/4783!9.8!6820!384!./V2!/4!K2/04!832!D"E!B2/5!
8G!02378574B!73!4.2!1/5;/7373;!F374=!!(008?7/420!9.8!620752!?8307625/4783!G85!/!J58I84783!48!(00704/34!,2/4!A2J/54I23 4!,/3 /;25!
85!,2/4!A2J/54I234!,/3/;25!0. /KK!I /C 2!4.2 75!970. 20!/3 6 !/V/7K/ 17K74B!C3 89 3 !73!9 57473;!48!4. 275!A70457?4!,/3/;25>!'4852!
,/3/;25>!A70457?4!'2/G886!<885673/485>!/36!/!?8JB!48!4.2!L3783=!!&G!4.252!/52!38!K244250!83!G7K2!48!G7KK!/!J/547?FK/5!04852>!4.23!832!
D"E!B2/5!J58.7174783!73!4.2!/18V2!J/5/;5/J.!0./KK!384!/JJKB=!
!
IUPQNRWeSN!
(!l8F532BI/3!70!/!0C7KK26!,2/4!<F4425!9.8!0./KK!68!/3B!985C!/007;326>!73?KF673;!8562573;!D/0070473;!73!8562573;E>!95/JJ73; >!
5295/JJ73 ;>!92 7;.73 ;>!J57?73 ;>!/36 !670J K/B73 ;!I 2 /4!73!G85I0!/??2J4/1 K2!48!4.2 !+I J K8B 25!/3 6!73!/ !I /3 32 5!4./4!9 7KK!B72K6!4.2 !
I/W7IFI!J58G74/1K2!?F40!G58I!/!?/5?/00=!
!
:RSO&)YRQ_!
(!,2/4!<K25C!70!/3!(008?7/42!73!/!I/5 C2 4!9.8!70!23;/;26!73!95/JJ73;>!927;.73;>!J57?73;>!?K2/373;!/36!670JK/B73;!/KK!J586F?4!
/007;326!48!4.2!8J25/4783!8G!4.2!62J/54I234=!!&G!38!l8F532BI/3!/0!8G!A2?2I125!^>!"efe>!70!526F?26!7 3 !. 8 F 5 0>!/ !,2/4!< K2 5C !8 3!
!
P"!
6F4B!73!/!I/5C24!I/B!J25G85I!/KK!32?200/5B!6F4720!73!4.2!62J/54I234=!!-8!,2/4!<K25C!97KK!12!52aF7526!48!8J25/42!4.2!0/9!F347K!
4.2!<8IJ /3 B!J58 V762 0!/!45/73 73;!J58 ;5/ I !/36 !/!04/3 6/ 567U2 6!420 4=!
!
(3B!(008?7/42!73!4.2!, 2 /4 !< K25C !?K/ 0 07G7? / 478 3 !9 . 8 !. /0 !4. 2 !/ 1 7K74B>!a F / K7G7?/ 478 3 0 !/3 6 !6 2 0752 0 !48!J25G85I!4.2 !98 5C!48!a F/ K7GB!G85!
4.2!,2/4!<K2 5C!<F 4425X0!K704!97KK!7367?/42 !4.70!620 752!73!957473; !48!4.2 !A70457?4!,/3/;25!974.!/!?8JB!48!4.2!L3783!/36!%FI/3!
*208F5?2!A2J/54I234=!!'F?.!7367V76F/K0!97KK!12!?830762526!G85!/V/7K/1K2!8J2373;0!/0!4.2B!8??F5=!
!
LJ83!J/0073;!/!45/7373;!J58;5/I!/36!04/36/567U26!4204>!4.2!?F4425!97KK!52?27V2!k"=Qd!J52I7FI!8V25!4.275!J25083/K!5/42>!384!48!
2W?226!4.2!b8F532BI/3!5/42=!!$.70!4204!97KK!12!?836F?426!1B!4.2!,2/4!A2J/54I234!,/3/;25!/36!+IJK8B25X0!A70457?4!<885673/485=!
!
'F?.!?F44250!97KK!aF/K7GB!48!52?27V2!V/?/4783!52K72G!J/B!G85!4.2!,2/4!A2J/54I234!,/3/;25!/36!4.2!(00704/34!,2/4!A2J/54I234!
,/3/;25=!
!
$RST&+RSaUUT&)YRQ_&&
(!aF/K7G726!'2/G886!<K25C!73!?./5;2!8 G!4. 2 !6 2 J/ 54 I 2 3 4!9.8!./0 !4. 2 !C3 8 9K26;2!/3 6 !/ 1 7K74B !48 !/ 44/ 73 !0/ K2 0!V 8 KF I 2 >!J 58 G74!I/5;730!
/36!I/734/73!62J/54I234!?836747830!48!4.2!0/470G/?4783!8G!,/3/;2I234=!!AF4720!385I/KKB!73?KF62!8562573;!8G!I25?./36702!/36!
0FJJK720>!J586F?4!J52J/5/4783>!025V7?2!48!?F048I250!/36!8J25/4783 !8G!4.2!62J/54I 234!73!/??856/3 ?2!974.!4.2!+I JK8B25j0!
8J25/47830!/36!I25?./367073;!J8K7?720=!!O2/6!'2/G886!<K25C0!97KK!524/73!4.275!?F55234!J80747830!/36!5/420!8G!J/B!73!048520 !974. !/!
025V7?2@02/G886!?/02=!
!
0RYMH#S_RQW&"[[UVMSOR[&
$.2!(008?7/420!8G!4.2!A2K7@Y/C25B!62J/54I234!?/3!985C!/36!12!0?.26FK26!73!4.2!A2K7!(36!Y/C25B!A2J/54I2340=!!%892 V2 5>!
A2K7@Y/C25B!(008?7/420!97KK!./V2!/!J57I/5B!0?.26FK2!D62K7!85!1/C25BE!73!9.7?.!4.2B!97KK!12!0?.26FK26=!!(008?7/420!IF04!I/W7I7U2!
4.275!.8F50!73!4.275!J57I /5B !62J /54I234>!12!02378574B!/3 6 !974.!?8 3 07625/ 4783 !8G!/1 7K74B!48!J25G8 5I !4.2!b81 !12 G852 !?K/7I 73;!.8 F50!
Dh1FIJ73 ;T E!7348!4. 2!38 3 RJ57I/5B!62J/54I234!0?.26FK2=!
!
&4!70!F362504886!4./4!/KK!A2K7@Y/C25B!(008?7/420!97KK!12!0F1b2?4!48!4.2!6752?4783!8G!4.2!%2/6!A2K7!<K25C!9.8!70!520J83071K2!G85!4.2!
A2K7@Y/C25B!8J25/4783=!
!
7RST&0RYM&)YRQ_&
$.2!%2/6!A2K7!<K25C!0./KK!12!/!aF/K7G726!A2K7@Y/C25B!<K25C!/36!0./KK!12!/1K2!48!J25G85I!/KK!4.2!6F4720!8G!/3B!(008?7/42!73!4.2!
A2K7@Y/C25B!62J/54I234=!!Y2?/F02!8G!4.2!;52/425!0C7KK!52aF7526>!4.2!%2/6!A2K7!<K25C!0./KK>!73!4.2!J25G85I/3?2!8G!985C>!12!
520J83071K2!G8 5!4.2!8 J2 5/4783 !8G!4. 2!A2K7@Y/C25B!73!/??856/3 ? 2!974.!4.2!+ IJK8B25j0 !J 8K7? B!/ 3 6 !6 752 ?4!4.2!I8 V2I 2340!/36!
8J25/47830!8G!/KK!(008?7/420!73!4.2!A2K7@Y/C25B=! !
!
$RST&#S_RQW&)YRQ_&
$.2!O2/6!Y/C25B!<K25C!0./KK!12!/!aF/K7G726!A2K7@Y/C25B!<K25C!/36!0./KK!12!/1K2!48!J25G85I!/KK!4.2!6F4720!8G!/3B!(008?7/42!73!4.2!
1/C25B!62J/54I234=!!Y2?/F02!8G!4.2!;52/425!0C7KK!52aF7526>!4.2!O2/6!Y/C25B!<K25C>!0./KK>!73!4.2!J2 5G85I/3 ? 2 !8 G!985C>!12 !
520J83071K2!G8 5!4.2!8 J2 5/4783 !8G!4. 2!1/ C25B !73!/?? 856 /3 ?2!9 74.!4. 2!+IJK8B25j0!J8K7?B!/ 36 !6752? 4!4.2!I 8 V2 I 23 40!/3 6!8J 25/ 4783 0!
8G!/KK!(008?7/420!73!4.2!1/C25B=!
!
IU`&1QUORVOMUN&
MFKKR47I2!l8F532BI23!/36!,2/4!<K25C0!83!4.2!J/B58KK!/0!8G!A2?2I125!"">!"efe!97KK!384!12!526F?26!73!.8F50!12K89!G854B!D_dE!J25!
922C>!/0!/!520FK4!8G!2WJ/3673;!,2/4!<K25C!6F4720=!
&
! &
!
P#!
0RaMNMOMUN&Ua&+OSOP[&.?&6?&9!
A2G7374783!8G!MFKKR$7I2!'4/4F0!"!R!$.2!425I!HMFKKR$7I2!'4/4F0!"!(008?7/42T>!9.252V25!74!/JJ2/50!73!4.70!(;522I234!83KB>!0./KK!12!/0!
G8KK890]!!(3!(008?7/42!4./4!/0!8G!5/47G7?/4783!DdP@ #e @#d "_ E!./0!J52V78F0KB!aF/K7G726!F3625!4.2!J58V707830!8G!(547?K2!""=#>!S*[!
(44/7326!'4/4F0!"!/0!/!520FK4!8G!4.2!7IJK2I234/4783!8G!(547?K2!""=#!8G!4.70!(;522I234!5/47G726!DdP@#e@#d"_E=!!'4/4F0!"!(008?7/420!
0./KK!12!0?.26FK26!FJ!48!_d!.8F50!J25!922C!/36 !0./KK!384!520457?4!4.275!985C!0?.26FK2=!! !
!
A2G7374783!8G!MFKK!$7I2!'4/4F0!^R!$.2!425I!HMFKKR$7I2T!(008?7/42!04/4F0!^>!9.252V25!74!/JJ2 /50!73 !4.70!(;52 2I234!83KB>!0./KK!12 !/3!
(008?7/42!4./4!9.8!70!384!84.259702 !/!'4/4F 0!"!(008?7/42!/36!./0!1223!?K/007G726!/0!GFKKR47I2!73!/??856 /3 ?2 !974. !(547?K2!"Q ="`!8 G!
4.70!(;522I2 34=!!!
!
A2G7374783!8G!Z/54!$7I2!'4/4F0!_!R!(!hZ/54R$7I2T!'4/4F0!_!(008?7/42!70!832!9.8 !70 !3 84 !8 4. 2 59 70 2!? K/ 00 7G72 6!/ 0 !GF KKR 47I 2 !D98 5C73 ;!/3 !
/V25/;2!8G!^d!.8F50!85!I852!J25!922CE!85!./0!J52V78F0KB!/44/7326!/36!I/734/7326!'4/4F0!"!85!'4/4F0!^=!!(!'4/4F0!_!(008?7/42!I/B!
K7I74!4.275 !/V / 7K/1 7K74 B!8 3 !/!5 2; F K/ 5!1 /0 70=!!(!h'4/4F0!_T!(008?7/42j0!0237857 4B !6 / 42 !97KK!12!4. 2 75 !I804!52? 2 3 4!6/42!8G!. 7 52 =!!$ . 2 B !97KK!
384!./V2!02378574B!8V25!/3B!GFKK!47I2!(008?7/42=!'4/4F0!_!(008?7/420!73?KF62!(008?7/420!73!/KK!?K/007G7?/47830=!!
!
!
P^!
"11%*0-D&)E&+%*-',-!;&",%"+&
!
"!
&!
\732!'45224!
^d"!
i!
!
"!
&&!
O/9523?21F5;!D&-E!
^`"!
i!
!
!
N/K3F4!%7KK0!
^Pe!
i!
!
!
!
,83G854!%27;.40!
^Pd!
i!
!
!
<855BV7KK2!
_dP!
i!
!
!
!
,4=!(75B!
_dd!
i!
!
!
M25;F083!
_^#!
i!
!
!
!
Y/420V7KK2!D&-E!
_d`!
i!
!
!
Z57?2!%7KK!
_f#!
i!
!
!
!
A234!
_^`!
i!
!
!
A2K.7!
e__!
i!
!
!
!
N.7429/425!
__Q!
i!
!
!
N204253!%7KK0!
e_f!
i!
!
!
!
%/557083!
edP!
i!
!
!
!
!
!
!
!
!
-854.;/42!
edf!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
#!
&&&!
,83582!
^^`!
i!
!
#!
&\!
O/3623!
^P`!
i!
!
!
SWG856!
_"#!
i!
!
!
!
N204!<.20425!
^f^!
i!
!
!
O71254B!
_^d!
i!
!
!
!
,/732V7KK2!
_df!
i!
!
!
%/I7K483!DN204E!
ede!
i!
!
!
!
,/083!,834;=!*8/6!
__f!
i!
!
!
Y2?C244!*76;2!
e"e!
i!
!
!
!
$BK250V7KK2!
e_Q!
i!
!
!
%/I7K483!
e^_!
i!
!
!
!
!
!
!
!
!
M/75G72K6!
e^e!
i!
!
!
!
!
!
!
!
!
M85204!Z/5C!
e_^!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
#!
\!
,834;8I25B!
^Q"!
i!
!
!
!
!
!
!
!
!
%/5J25j0!Z8734!
^Q^!
i!
!
!
!
!
!
!
!
!
,/6275/!
_d#!
i!
!
!
!
!
!
!
!
!
,/572I834!
_#"!
i!
!
!
!
!
!
!
!
!
'./583V7KK2!
_#e!
i!
!
!
!
!
!
!
!
!
YKF2!(0.!
e_#!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
^!
\&!
%B62!Z/5C!
^QQ!
i!
!
!
!
!
!
!
!
!
Y52349886!
^f_!
i!
!
!
!
!
!
!
!
!
<8KK2;2!%7KK!
^ed!
i!
!
!
!
!
!
!
!
!
%/5492KK!
_dQ!
i!
!
!
!
!
!
!
!
!
-859886!
_"f!
i!
!
!
!
!
!
!
!
!
uF223!<74B!<23425!
_#f!
i!
!
!
!
!
!
!
!
!
N886K/93!
_^^!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
_!
\&&!
%7KK01858!
^fd!
i!
!
_!
\&&&!
,4=!</5I2K!
^dQ!
i!
!
!
YK/3?.20425!
^eQ!
i!
!
!
!
)80.23!
^__!
i!
!
!
O8V2K/36!
_"^!
i!
!
!
!
,7KG856!
_""!
i!
!
!
<.255B!)58V2!
_^"!
i!
!
!
!
+/04;/42!
ed#!
i!
!
!
,7/I7!$8930.7J!
_^Q!
i!
!
!
!
,4=!S5/1!
e#d!
i!
!
!
,4=!N/0.73;483!
_^f!
i!
!
!
!
,FK1255B!
e#"!
i!
!
!
(I2K7/!
_`f!
i!
!
!
!
!
!
!
!
!
N7KI73;483!
f"P!
i!
!
!
!
!
!
!
!
!
(3625083!
e"Q!
i!
!
!
!
!
!
!
! !
!
P_!
Q!
&q!
Y2KK2VF2!
^Qe!
i!
!
Q!
q!
,4=!v783!
^`_!
i!
!
!
<8V73;483!
^f"!
i!
!
!
!
MK8523?2!
_``!
i!
!
!
O/4837/!
^e#!
i!
!
!
!
N/K483!
^`P!
i!
!
!
(K2W/3657/!
_"d!
i!
!
!
!
%21583!
_de!
i!
!
!
,/B0V7KK2!
_#d!
i!
!
!
!
L3783!
_#_!
i!
!
!
-29J854!
_#^!
i!
!
!
!
YF5K73;483!
_^_!
i!
!
!
&362J2 3 6 23?2!
_#Q!
i!
!
!
!
!
!
!
!
!
M4=!,74?.2KK!
_PP!
i!
!
!
!
!
!
!
!
!
+5K/3;25!
ed"!
i!
!
!
!
!
!
!
!
!
<8K6!'J573;0!
e_`!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
`!
q&!
)5223V7KK2!
f^^!
!
!
`!
q&&!
\/36/K7/!
P_P!
!
!
!
'4=!,/5Bj0!
e"d!
!
!
!
!
'721234./K25!
f^`!
!
!
!
'7632B!
e"^!
!
!
!
!
-226I852!
e^^!
!
!
!
$58B!
e"_!
!
!
!
!
%F125!%27;.40!
PQ_!
!
!
!
Z7aF/!
e^#!
!
!
!
!
%F125!%27;.40!
PQf!
!
!
!
!
!
!
!
!
!
+3;K29886!
e^f!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
`!
q&&&!
N/B32!(V23F2!
PdQ!
!
!
!
!
!
!
!
!
!
(F0473!Z7C2!
P##!
!
!
!
!
!
!
!
!
!
,7/I701F5;!
PQe!
!
!
!
!
!
!
!
!
!
'J573;1858!
e##!
!
!
!
!
!
!
!
!
!
(K2WRY2KK!
e^"!
!
!
!
!
!
!
!
!
!
,766K24893@$523483!
^^Q!
i!
!
!
!
!
!
!
!
!
,766K24893!
__"!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
P!
q&\!
'J573;G72K6!
P#d!
!
!
P!
q\!
'J73373;!*8/6!
P#e!
!
!
!
'J573;G72K6!
P^d!
!
!
!
!
'I74.V7KK2!*8/6!
PQ"!
!
!
!
'J573;G72K6!
P_"!
!
!
!
!
Y2/V25?522C!
f""!
!
!
!
'J573;G72K6!
f^#!
!
!
!
!
N.7JJ!*8/6!
f"#!
!
!
!
'J573;G72K6!
f^Q!
!
!
!
!
q237/!
f#e!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
P!
q\&!
A8584.B!O/32!
f#Q!
!
!
!
!
!
!
!
!
!
'4588J!*8/6!
f#`!
!
!
!
!
!
!
!
!
!
M/751853!
f^d!
!
!
!
!
!
!
!
!
!
<23425V7KK2!
e#^!
!
!
!
!
!
!
!
!
!
'F;/5?522C!
e^Q!
!
!
!
!
!
!
!
!
!
O21/383!
__P!
i!
!
!
!
!
!
!
!
!
,/083!
_#`!
i!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
! &
!
PQ!
"11%*0-D&0E&1%,: "*%*!&1 "* %$&&
$.2!J/54720!./V2!/;5226!4./4!4.2!/51745/4850!3/I26!12K89!0./KK!025V2!83!/!J25I/3234!J/32K!48!.2/5!/36!523625!/9/560!
G8KK8973;!/51 745/4783 !/0!6 70?F 002 6!73!( 547?K2!f =^= !!
!
"= ,/5C!)K/U25!
#= A2185/.!Y5860CB!
^= (K/3!*F123!
_= '/I F2K!-7?.8K/0!
Q= ,74?.2KK!)8K6125;!
`= *7?./56!A70023!
P= Y/51/5/!A82573;!
f= <./5K20!:8.K25!
e= ,/5C!OF572!
"d= +6973!*23625&
!
&G!/3B!8G!4.2!/51745/ 48 5 0!5 2G F 02 !/ J J 8 73 4I234!48 !4. 70 !J / 3 2K>!5 24 752 >!8 5!8 4. 2 59702!12? 8 I2!J25I/3234 KB!F 3 / V /7K/ 1 K2 !G8 5!
025V7?2>!?8F302K!G85!:58;25!/36!?8F302K!G85!4.2!L3783!97KK!?83G25!/36!IF4F/KKB!/;522!83!/!52JK/?2I23 4!/51745/485!974.73!
^d!6/B0!8G!1273;!3847G726!8G!4.2!/51745/485j0!1273;!F3/V/7K/1K2=!
!!
-84974.04/3673;!4.2!G/?4!4./4!(547?K2!f=^!?/KK0!G85!/!J/32K!8G!"#!/51745/4850>!4.2!J/54720!/;522!4./4!4.70!J/32K!8G!"d!
/51745/4850!0./KK!0/470GB!4.2!52aF752I2340!8G!(547?K2!f=^=!
!!
&G!/;5226!73!9 57473;!1 B!?8F 3 02K!G85!:58 ;2 5!/36 !?8 F3 02K!G85!4. 2!L3 783 !G85!/!J /547?F K/5!;572V /3 ?2>!4.2 !J/ 54720!I /B !/JJ 873 4!
/3!/51745/485!384!3/I26!83!4.70!K704!1B!F073;!4.2!04/36/56!/JJ8734I234!J58?26F520!8G!4.2!M2625/K!,267/4783!/36!
<83?7K7/4783!'25V7?2=!!&3!4.70!7304/3?2>!2/?.!J/54B!0./KK!./V2!4.2!57;.4!48!0457C2!832!234752!J/32K!/36!52aF204!/!329!J/32K!
/4!4./4!J/54Bj0!2WJ2302=!!(3B!/51745/485!/JJ873426!4.58F;.!4.70!I24.86!0./KK!./V2!4.2!0/I2!/F4.8574B!/0!4.2!I2I1250!8G!
4.2!J25I/3 23 4!J/ 32 K!G85!4./4!J /547?F K/5!?/02=!
!!
S3?2!/3!/51745/485!./0!1223!02K2?426!G58I!4.2!K704>!4.2!J/54720!97KK!I8V2!83!48!4.2!32W4!/51745/485!83!4.2!K704!G85!4.2!32W4!
;572V/3?2!02K2?426!G85!/51745/4783=!
!!
!
!
!
!
!
!
!
!
!
!
!
! !
!
P`!
"11%*0-D&%E&7%"$!7&)",%&1$"*&0%+-5*&+2::",-%+&
<./3;20!2GG2?47V2!"R"R#d"Q>!F3K200!84.259702!38426=!!(008?7/42!JK/3!?./3;20!I/B!83KB!4/C2!JK/?2!6F573;!SJ23!
+358KKI234!85!K7G2!2V234=!!$.2!G8KK8973;!/52!.7;.K7;.40!G85!B8F5!73G85I/4783[!G85!624/7K0>!JK2/02!?834/?4!%2/54K/36!%2/K4.!
s!N2KK3200!MF36!/4!fdd=_^^="#d_=!
!
!
!
PP!
!
!
Pf!
&
!
Pe!
&
!
fd!
!
!
f"!
!
!
f#!
!
f^!
!
f_!
!
fQ!
"11%*0-D&(E&,%!-,%%&7%"$!7&)",%&
&
&
! &
!
f`!
)-*)-** "!-&+2*0";&'1!-'*+&
!
&3!l/3F/ 5 B!" e e Q >!(008?7/420!.7526!J5785!48!-8V2I125!"d>!"ef`!97KK!12!8GG2526!/!832R47I2!8J J8 54F3 74B!48!52? 27V2!/ !KFI J!
0FI!J/BI234!2aF /K!48!4.2!/I8F 34!8G!I8 32B!2/5326 !1B!4.2!(008?7/42!G85!.8F50!9 85C2 6 !83!' F3 6/ B0!73!4. 2!B2 /5!"e e^ =!!&3!
524F53!G85!4.2!J/B I 23 4>!4.2!(008?7/420!97KK!/;522!48!G85G274!GF4F52!'F36/B!J52I7FI!/36!4.2!J58V70783!G85!'F36/B!1273; !
8F40762!8G!4.2!985C!922C=!!M85!(008?7/420!/??2J473;!4.70!8J4783>!'F36/B!985C!97KK!?83473F2!48!12!V8KF34/5B!/36!4.2B!97KK!
384!12!52aF7526!48!985C!'F36/B0!73!85625!48!I/W7I7U2!4.275!0?.26FK20!G85!4.2!922C=
!
fP!
$%!!%,&'(&2 *0%,+!"*0-*5E&$"#',H:"*"5%:%*!&)'::-!!%%&
!
,5=!O23372!NB/44!
Z52076234!
L37426!M886!/36!<8II25?7/K!N85C250!!
L3783!O8?/K!PQ!
e"^!O21/383!'45224!
,83582>!S.78!_QdQd!
!
A2/5!O23372]!
!
AF573;!8F5!52?234!32;847/47830!4.2!G8KK8973;!9/0!/;5226!FJ83]!
!
(!O/185@,/3/;2I234!<8II74422!0./KK!12!204/1K70.26!48!670?F00!IF4F/K!J581K2I0=!!'F?.!I22473;0!97KK!4/C2!JK/?2!83!/!
aF/5425KB!1/070!Dl/3F/5B>!(J57K>!lFKB!/36!S?48125E>!7G!322626=!!&G!/!J581K2I!98FK6!8??F5!8G!/3!F5;234!3/4F52>!4.23!
I22473;0!97KK!4/C2!JK/?2!088325!4./3!/0!I23478326!/18V2=!
&
$.2!<8II74422!0./KK!12!?8IJ57026!8G!52J520234/47V20!8G!4.2!L3783>!52J520234/47V20!8G!4.2!+IJK8B25!/36!5/3C!/36!G7K2!
I2I1250=!
!
Y84.!J/54720!/;522!48!J/547?7J/42!73!M,<'!45/7373;!J58;5/I=!!$.70!45/7373;!97KK!73?KF62!L3783!'429/560!/36!'4852!
,/3/;25=!!$.2!<8IJ/3 B!9 7KK!J 58 V76 2 !4. 2!3 2 ?2 00 /5B !F 3J / 76 !47I 2 !8 GG!G8 5!4. 2!'429/560!48!J/547?7J/42=!
!
(3!/;236/!97KK!12!/;5226!FJ83!J5785!48!4.2!I22473;=!
!
MS*!$%+!L-&S-]! ! ! ! ! !!!!!!!!!!!!MS*!$%+!+,ZOSn+*]!
!
wwwwwwwwwwwwwwwwwww! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ! wwwwwwwwwwwwwwwwwwww! ! ! !
wwwwwwwwwwwwwwwwwww! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ! wwwwwwwwwwwwwwwwwwww
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
! !
!
ff!
$%!!%,&'(&2 *0%,+!"*0-*5E&8,'5%,&6>6&$-K2', &+7'1? &)2+!':%,&,%K2%+!+&&
!
,5=!O23372!NB/44!
L37426!M886!/36!<8II25?7/K!N85C250!
L37426!O8?/K!PQ!
e"^!O21/383!'45224!
,83582>!S.78!_QdQd!
!
A2/5!O23372]!
!
AF573;!8F5!52?234!32;847/47830!92!52/GG75I26!4.2!F362504/3673;0!024!G854.!73!4.2!S?48125!"P
4.
>!"efe!K2 44 2 5!/ 4 4/ ? . 2 6 !48!
4.2!2WJ7526!?83 45/? 4=!!$.8 02!F3 6 2504/3 6 73;0!/52 ]!
!
"= O7aF8 5!'.8J!/4!'4852!^`^>!O/9523?21F5;!m!(0!92!670?F0026!73!32;847/47830>!4.2!O7aF85!'.8J!/4!4.2!O/9523?21F5;!
'4852!Do^`^E!97KK!12!./36K26!K7C2!4.2!:234F?CB!O7aF85!'.8J0!/36!4.2!0/I2!5/420!8G!J/B!0./KK!/JJKB=!
!
#= l8 1 !A2 0?57J 4783 0@< F0 48I25!*2aF20 40!m!&4!70!8 F 5!F 3 6 2 50 4/ 3 6 73 ; !4. / 4!J28JK2!9.8!9 8 5C !73 !4. 2 !' /? C 25 @< / 55 B8 F 4 >!
'/K/6!Y/5>!MK85/K!(44236/34!/36!<F048I25!'25V7?2!(44236/34!?K/007G7?/47830!/52!48!12!K7I7426!48!J25G85I73;!985C!
/0!8F4K7326!73!4.275!b81!620?57J4783=!
!
^= '. 8FK6!/3B!;572V/3?2!/5702!52;/5673;!/JJK7?/4783!8G!4.2!/18V2>!74!I/B!J58?226!6752?4KB!48!4.2!^
56
!'42J!8G!4.2!
;572V/3?2!J58?26F52=!
!
(= &4 !70!F 362504886!/36!/;5226!4./4!38!?8II8674B!?K/007G7?/4783!./36K26!1B!G886!(008?7/420!73!/3B!GF4F52!
'/VS3!?83V250783!048520!8J2373;!6F573;!4.2!425I!8G!4.70!(;522I234!97KK!12!45/30G25526!48!-83RM886!
(008?7/420=!
!
Y= $.2!%2/6!-83!M886!?K25C!?K/007G7?/4783!97KK!12!I/734/7326!73!/!?83V250783!04852!F347K!/3!8J2373;!73!4.70!
?K/007G7?/4783!8??F50!73!4.2!/JJ58J57/42!02378574B!/52/!85!/!45/30G25!70!/??2J426!48!/384.25!04852=!
!
<= -83!M886!?K25C0!I/B!83KB!12!F47K7U26!48!./36K2!329!?8II8674B!?K/007G7?/47830!F347K!G8F5!D_E!922 C0!J5785!
48!?8IJK24783 !8G!4. 2!?8 3V2 50783 !/G425!9 . 7?.!4.2 B!9 7KK!./36 K2!/KK!742I0 !/0!J58 V762 6!G8 5!/18 V2=!!$. 2!
520457?4783!0./KK!384!/J J KB!48!4.2 !5204/F 5/3 4!?K25C 0>!K811 B!?K25C 0>!/36!.2/6!52?27V73 ;!?K25C 0!85!?8 0I 2 47?7/3 !
?K/007G7?/4783=!
!
A= $.2!L3783!0./KK!12!/6V7026!/4!K2/04!37324B!DedE!6/B0!J5785!48!4.2!04/54!8G!/3B!?83V250783!?83045F?4783=!
!
!
'7;326!4.70wwwwwww6/B!8G!wwwwwwwwwwwwwwwwwwwww>!#dd"=!
!
MS*!$%+!L-&S-]! ! ! ! ! !!!!!!!!!!!!MS*!$%+!+,ZOSn+*]!
!
wwwwwwwwwwwwwwwwwww! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ! wwwwwwwwwwwwwwwwwwww! ! ! !
wwwwwwwwwwwwwwwwwww! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ! wwwwwwwwwwwwwwwwwwww
!
! &
!
fe!
$%!!%,&'(&2 *0%,+!"*0-*5E&7%"$!7&)",%&
!
$.2!1/5;/7373;!J/54720!0./KK!52?8II236!4./4!$5F04220!8G!4.2!'8F4.9204!S.78!%2/K4.!/36!N2KG/52!MF36!2WJ/36!4.2!
MF36j0!/JJ58/?.!48!$84/K!%2/K4.!,/3/;2I234!1B!9/B!8G!7IJK2I23473;!J58;5/I0!73!/??856/3?2!974.!4.2!734234!8G!4.70!
K24425=!!*20 2 /5? . !0. 8 9 0 !4. / 4!I/3B!J2 8 J K2!; 8 !/ 1 8F 4 !4. 2 75!6 /7KB !K7V2 0 !G2 2K73 ; !. 2/ K4. B >!1 F4 !F 3 /9/52!4./4 !4. 2 B!I/B!./V 2!8 5!
/52!/4!570C!8G!62V2K8J73 ; !67/ 1 2 42 0>!. B J2 54 23 0 78 3>!. 2 / 54!6 70 2/ 02 >!2 4? =!( 3!73 4 2; 5/ K!G/ ?2 4!8 G !$8 4 /K!%2/K4.!, / 3 / ;2 I234!
73V8KV20!J 5 8; 5/ I0!4./4!/ 52!6 2 07; 3 2 6 !48 !73 ?52 / 02 !0 2KG R /9 /523200!/36!J58I842!92KK3200=!!$.2!1/5;/7373;!J/54720!/36!
$5F04220!./V2!734586F?26!/36!7IJK2I23426!/3!/55/B!8G!J52V2347V2!.2/K4.!1232G740!48!JK/3!J/547?7J/340!/4!38!?804!974.!73R
324985C!J58V76250>!/36!I/62!/V/7K/1K2!?254/73!I/73423/3?2!I267?/47830!48!452/4!/36!?83458K!?.5837?!7KK320020!/4!
526F?26!I 2I125!?8RJ/B!/I8F340=!!!$.2!1/5;/7373;!J/54720!12K72V2!4./4!/3!73V204I234!73!%2/K4.!*27I1F502I234!
(??8F340!97KK!GF54.25!J58I842!.2/K4.!/36!92KK3200!1232G740>!/36!97KK!J/B!67V762360!8V25!47I2!73!7IJ58V73;!4.2!8V25/KK!
.2/K4.!04/4F0!8G!JK/3!J/547?7J/340!/36!526F?73;!JK/3!2WJ23674F520!52K/426!48!?.5837?!/36!?/4/0458J.7?!7KK3200=!
!
$.2!J/54720!52?8II236!4./4!4.2!G8KK8973;!4.522!C2B!J58;5/I0!12!7IJK2I23426!1B!l/3F/5B!">!#d"#]!!
!
+04/1K70.!%2/K4.!*27I1F502I234!(??8F340!D%*(0E!/6I737042526!1B!4.2!MF36!48!.2KJ!8GG024!.7;.25!626F?471K2!/I8F340!
/36!0F?.!84.25!8F4R8GRJ8?C24!I267?/K!JK/3!2WJ23674F520!/0!4.2!$5F04220!I/B!622I!/JJ58J57/42=!!N74.!4.2!204/1K70.I234!
8G!4.2!%*(0>!4.2!45F04220!0./KK!204/1K70.!?574257/!G85!.89!J/547?7J/340!I/B!/44/73!?526740!48!4.275!%*(!/??8F340=!!&3!/3B!
?/K236/5!B2/5!0F?.!?526740!I/B!384!2W?226!k##Q!G85!073;K2>!85!k_Qd!G85!G/I7KB=!!!%892V25>!/3B!F3F026!%*(!?52674!
/I8F340!/4!4.2!236!8G!2/?.!JK/3!B2/5!/52!58KK26!8V25!G85!F02!73!4.2!G8KK8973;!JK/3!B2/5!J58V7626!4.2!J/547?7J/34!
?83473F20!2K7;717K74B!/0!/3!(008?7/42!85!62J236234=!!
!!
A2V2K8J!/!.2/K4.!570C!/00200I234!0F5V2B!48!.2KJ!4.2!(008?7/42!/36!0J8F02!F362504/36!4.275!?F55234!I267?/K!?83674783=!!
<8IJK24783!8G!4.2!/33F/K!0F5V2B!97KK!520FK4!73!68KK/5!?526740!48!4.2!%*(!/??8F340!FJ!48!k"dd@#dd!J25!073;K2@G/I7KB=!!
'F5V2B!520FK40!/52!73423626!48!762347GB!J8423 47/K!.2 /K4.!570C0!08 !4./4!4. 2!J/ 547?7J/3 4!?/3 !52?2 7V2!J 58J 25!?/52 !/3 6!
452/4I234=!!$.2 !$5F 0422 0!/52!2W J2 ?426 !48!62 V2 K8J!2 GG2?47V2 !488K0!G8 5!4.2!J /547?7J/ 340!I/3/;2!4.275!.2/K4.=!!(KK!8G!4.70!
0F5V2B!73G85I/4783!70!?83G762347/K!48!4.2!JK/3!J/547?7J/34!/36!6820!384!/GG2?4!.2/K4.!?/52!2K7;717K74B=!
!
A2V2K8J!84.25!4/5;2426!.2/K4.!7IJ58V2I234!J58;5/I0!4./4!?8FK6!/66!?526740!8G!FJ!48!k"#Q@k#Qd!J25!073;K2@G/I7KB!J25!
B2/5!48!%*(!/??8F340=!!Z58;5/I!762/0!48!?8307625!I/B!73?KF62>!1 F 4!/ 52 !3 8 4!K7I7426!48>!/33F /K!J. B07?/K!2W /I 0>!1K8 86 !
J5200F52!420473;>!?.8K204258K!420473;>!1K886!;KF?802!420473;>!85!84.25!I2/0F520!4./4!.2KJ!762347GB!/?4F/K!85!J842347/K!
.2/K4.!570C!?836747830=!!!(KK!8G!4.70!0F5V2B!73G85I/4783!70!?83G762347/K!48!4.2!JK/3!J/547?7J/34!/36!6820!384!/GG2?4!.2/K4.!
?/52!2K7;717K74B=!
!
!
$.202!4.522!2K2I2340!/52!52?8;37U26!1B!4.2!1/5;/7373;!J/54720!/0!C2B!?8IJ832340!8G!/3!8V25/KK!;8/K!8G!45/30G85I/4783/K!
?./3;2!G58I!/!52/?47V2!07?C3200!?K/7I0!J/BI234!0B042I!48!/!J58/?47V2!.2/K4.!J58I84783!0B042I=!!SF5!V70783!70!48!?52/42!
/!?FK4F52!8G!.2/K4.!/36!48!?52/42!/!J/4.9/B!G85!JK/3!J/547?7J/340!48!4/C2!?83458K!8G!4.275!.2/K4.!?/52!974.!/JJ58J57/42!
488K0!/36!73?23 47V2!48!/ ?.72 V2!8 F5!0. /526 !;8/ K0=!!N2 !2WJ 2? 4!4.2!$5F 0422 0!48!6 2V2 K8J !/36 !52G732 !4.202 !4.52 2!?8 3?2J40!/36!
23?8F5/;2!?8307625/4783!8G!84.25!762/0!48!12!7IJK2I23426!83!85!/G425!#d"#!73!4.70!7IJ854/34!/52/=!
!
!
!
!
M85!4.2!L3783!
!
M85!4.2!<8IJ/3B!
!
!
!
A/42!
!
A/42!
&
! &
!
ed!
$%!!%,&'(&2 *0%,+!"*0-*5E&",!-)$%&33/3&
!
&3!#d"_ !1 / 5; / 73 73 ;>!4 . 2!L3783!5/ 70 26 !? 8 3 ? 25 3 0!/ 1 8 F 4 !J5842?473 ;!4.2 !04/4F0 !aF8 !?8 3473 F74B!8 G!.2/ K4.!12 32 G740!73!4.2 !2V23 4!
/!329!/;522I234!70!384!52/?.26!1B!2WJ75/4783!8G!4.2!<Y(!85!6F573;!/!52/083/1K2!2W4230783!J25786!9.7K2!;886!G/74.!
1/5;/7373;!?83473F20=!!<83473F/4783!8G!1232G740!70!J5267?/426!FJ83!4.2!?83473F/4783!8G!4. 2 !J/ 0 0!4 .5 8 F; . !I2?./3 70I!/36!
?834571F47830!/44571F4/1K2!48!/6I737045/47V2!G220>!6234/K>!V70783>!670/17K74B>!/36!K7G2!730F5/3?2>!7IJK2I23426!73!4.2!#d"_!
/;522I234=!!!
!
$.252G852>!4.2!?8IJ/3B!0.8FK6!384!425I73/42!J/BI234!8G!?834571F47830!1/026!83!4.2!J/00!4.58F;.!/55/3;2I234!G85!/!
52/083/1K2 !J2578 6!8 G!47I2 !/G425!?8 3 45/?4!2W J75/ 4783 =!
!
$.2!?8IJ/3B!/00F520!4.2!F3783!4./4!?8345/?4!2W42307830!./V2!8??F5526!G58I!47I2!48!47I2!73!4.2!J/04!G85!IF4F/KKB!
1232G7?7/K!52/0830>!/36!74!./0!38!734234783!8G!F352/083/1KB!623B73;!4.2!F02!8G!?8345/?4!2W42307830!73!4.2!GF4F52!9.7K2!
;886!G/74.!1/5;/7373;!?83473F20=!!$.2!?8IJ/3B!/002540>!.892V25>!4./4!/3!2W4230783!?/3384!;8!83!G852V25>!07IJKB!48!/V876!
?./3;73;!4.2!04/4F0!aF8!?83473F74B!8G!1232G740=!
!
!
M85!4.2!L3783!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
! &
!
e"!
$%!!%,&'(&2 *0%,+!"*0-*5E&2*-'*&+7'1&)'*0-!-'*+&L&)7%)8'((&&
&
&3!4.2!2V 2 3 4!57; . 4R48R985C!K2;70K/4783!0.8FK6!J/00!73!4.2!04/420!8G!S.78>!&367/3/>!/3 6 @8 5 !:2 3 4 F ?C B>!4. 2!G8 KK89 73;!O2 4425!8G!
L362504/3673;!97KK!12!23/?426]!
!
S57234/478 3!m!$.2!+IJK8B25!0./KK!J58V762!4.2!6207;3/426!L3783!8GG7?7/K!974.!4.2!6/42>!47I2!/36!K8?/4783!8G!/KK!329!
2IJK8B22!857234/47830!/4!K2/04!_f!.8F50!73!/6V/3?2!8G!2/?.!857234/4783!I22473;=!!$.2!L3783!0./KK!/6V702!4.2!+IJK8B25!8G!
9.24.25!85!384!4.2B!/52!/4423673;!/36!9.8!G58I!4.2!L3783!97KK!12!J/547?7J/473;=!!$.2!+IJK8B25!0./KK!J58V762!4.2!L3783j0!
6207;322!974.!/!K704!8G!329!2IJK8B220!9.8!97KK!12!/4423673;!857234/4783>!73?KF673;!3/I2D0E!/36!62J/54I234=!!$.2!
L3783j0!6207;3/426!52J520234/47V2D0E!0./KK!12!734586F?26!48 !3 2 9 !2 IJK8B220 !/ 3 6!/ KK8 9 2 6 !/ !J 2578 6 !8 G!4 7I 2 >!3 8 4!48 !2 W? 2 26 !
"Q!I73F420>!48!0./52!L3783!73G85I/4783=!!$.2!+IJK8B25!0./KK!12!0FJJK726!/!?8JB!8G!/3B!J573426!73G85I/4783!J58V7626!48!
4.2!2IJK8B 22!1 B!4.2 !L3 783 =!!!
!
&4!70!F362 5 04886!/3 6 !/; 52 2 6 !4. / 4!4 . 2!+I JK8B25!97KK!384!I/C2!/3B!32;/47V2!85!670J/5/;73;!52G2523?20!52;/5673;!4.2!L3783!
6F573;!4.2!+IJK8B25j0!73425V72973;>!.7573;!/36!857234/4783!J58?200=!!<83V2502KB>!4.2!L3783!0./KK!384!62G/I2!4.2!
+IJK8B25!85!F02!/3B!73GK/II/485B!04/42I2340!?8345/5B!48!4.2!0J7574!8G!/!?88J25/47V2!K/185!52K/47830!23V7583I234!6F573;!
4.275!I2I1 25!08 K7?74/4783!I 2 2473; =!!'.8F K6!4. 2!L3 783 !12 !G8F3 6!F 47K7U73;!670J/ 5/;73 ;!?8 I I 23 40!73!740!J5202 34/ 4783>!4.2 !
/??200!/0!J58V7626!73!4.70!(547?K2!0./KK!12!974.65/93!/36!0F0J23626!F347K!5208KV26!1B!4.2!;572V/3?2!J58?200=!!!
!
M85!4.2!L3783!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
!
!
! !
!
e#!
$%!!%,&'(&2 *0%,+!"*0-*5E&5:&1-$'!&1,' 5,":&
!
LM<N!O8?/K!PQ!/36!4.2!:58;25!<8IJ/3B!/;522!48!/!J7K84!J58;5/I!12;73373;!/4!5/47G7?/4783!/36!23673;!"#@^"@"Q=!!!!$.70!
J58;5/I!70!48!73?52/02!?F048I25!025V7?2!4.58F;.!4.2!0FJJ854!8G!-83RM886!(008?7/420!/0070473;>!9.23!32?200/5B>!83!4.2!
G5834!236=!!$.2!J 7K84!J58 ;5/ I !70!08 K2KB!G85!4. 2!JF 5J 802 !8G!5F3 3 73; !/66 74783 /K!52; 704250[!3 8!/6 6 74783/ K!520J 83 071 7K74720!I /B !
12!/6626=!
!
S3KB!-83RM886!J2508332K>!9.8!/52!02K2?426!1B!'4852!,/3/;2I234>!/52!2K7;71K2!48!J/547?7J/42!73!4.70!J7K84!J58;5/I=!
!
-83RM886!(008?7/420!52aF20426!48!5F3!/!52;70425!/0!/!520FK4!8G!4.70!J58;5/I!0./KK!12!J/76!k"=dd!J25!.8F5!J52I7FI!73!
/6674783!48!4.275!.8F5KB!5/42[!0F?.!(008?7/420!0./KK!12!J/76!/!I737IFI!8G!832!.8F5j0!J52I7FI!2/?.!47I2!4.2B!/52!07;326!
83!48!5F3!/!52;70425=!!-83RM886!(008?7/420!0./KK!384!5F3!/!52;70425!G85!K83;25!4./3!G8F5!D_E!.8F50!J25!922C>!52;/56K200!8G!
4.2!3FI1 25!8G!47I 20 !4.2B !/52!?/ KK26!48!/!52; 70425!48!/00704!9 74.!?F 048 I 25!025V 7?2=!!!
!
&G!/!-83RM886!(008?7/42!2W?2260!G8F5!.8F50!/36!G7G4223!I73F420!D_]"QE!07;326!83!48!/!52;70425!73!832!922C>!/KK!.8F50!83!
4.2!52;70425!97KK!12!J/76!/ 4!02?8 36 !4725!48J !M88 6!< K25C!5/42 =!
!
-83RG886!(008?7/420!IF04!K8;R73!F073;!4.275!/007;326!52;70425!3FI125!48!230F52!J/ BI 234!8G!4.2!J52I7FI =!!!
!
L3783!*2J520234/47V20!85!L3783!'429/560!IF04!12!;7V23!/3!8J25/485!0/K20!1B!425I73/K!52J854>!FJ83!52aF204!974.73!/!
52/083/1K2 !47I2 !G5/I 2 =!
!
(!O/185R,/3/;2I234!<8II74422!97KK!52V729!4.2!J58;5/I!/4!4.2!236!8G!"#@^"@"Q=!!$.2!J58;5/I>!7G!622I26!0F??200GFK>!
97KK!12!73?85J85/426!/36!12?8I2!J/54!8G!4.2!?F55234!<73?733/47!<Y(!4.252/G425=!!$.2!0F??200!8G!4.2!J58;5/I!97KK!12!
62425I7326!974.73!832!D"E!922C!8G!4.2!236!8G!4.2!J7K84=!!
!
N74.!4.2!7IJK2I234/4783!8G!4.70!J7K84!J58;5/I>!(008?7/420!974.!^d!B2/50!85!I852!8G!025V7?2!/0!8G!l/3F/5B!">!#d"_!97KK!
52?27V2!832!/6 67478 3/ K!J2508 3 /K!.8K76/B>!9.7?.!I/B!12!4/C23!832!6/B!/4!/!47I2=!$.70!97KK!?83473F2!/0!K83;!/0!4.2!J7K84!
J58;5/I!70!73!JK/?2>!2WJ/3626!85!2W423626]!uF2!\70783!'FJJ854!m!Z7K84!Z58;5/I!
!
!
M85!4.2!L3783!
!
!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
! !
!
e^!
$%!!%,&'(&2 *0%,+!"*0-*5E&+!%1&!<'&5,-%4"*)%&1 ,' )%++&
LM<N!PQ!/36!4.2!:58;25!<8IJ/3B!
!
LM<N!PQ!/36!$.2!:58;25!<8IJ/3B!D<73?733/47!A7V70783E!/;522!48!JF4!/!.8K6!83!4.2!J5/?47?2!8G!(547?K2!f="!'$+Z!#!8G!4.2!
;572V/3?2!/36!(51745/4783!J58?200=!!(KK!84.25!J58V707830!8G!(547?K2!f!97KK!047KK!12!73!JK/?2!/36!/6.2526!48=!$.70!.8K6!83!4.2!
'42J!#!J58?200!97KK!23/1K2!4.2!<8IJ/3B!48!/62aF/42KB!45/73!4.2!<8IJ/3B!52J520234/47V2!48!12!/!J/54!8G!4.2!'42J!#!
J58?200!I8V73;!G859/56=!$.2!<8IJ/3B!97KK!3847GB!LM<N!PQ!83!4.2!J58?200!8G!4.2!45/7373;!8G!4.2!<8IJ/3B!
52J520234/47V2 =!!$.2!52 7304/ 42I 2 34!8 G!4.2!'42 J!# !J58? 200!9 7KK!12!I F 4F/ KKB!/;52 26 !48!1B !4.2!< 8I J /3 B!/3 6!L M< N !PQ =!
!
M85!4.2!L3783"
!
M85!4.2!<8IJ/3B"
!
!
!
!
!
!
!
A/42!
!
!
!
A/42"
!
!
!
! !
!
e_!
$%!!%,&'(&2 *0%,+!"*0-*5E&)'((%%&+7'1&1,%:-2:&
!
N74.!4.2!52I8V/K!8G!4.2!<8GG22!'.8J!?/J>!4.2!<8GG22!'.8J!<K25C!97KK!J58;5200!48!4.2!48J!8G!4.2!?F55234!M886!<K25C!0?/K2!
8G!k"^=fQ!/36!4.2!O2/6!<8GG22!'.8J!<K25C!97KK!52?27V2!/!k=#Q!J52I7FI!83!4.2!?F55234!48J!5/42!2aF/K!48!k"_="d!=!!!
!
!
!
M85!4.2!L3783!
!
!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
! !
!
eQ!
$%!!%,&'(&2 *0%,+!"*0-*5E&(%"+-#-$-!;&+!20;&
!
LM<N!O8?/K!PQ!DhO8?/K!PQTE!/36!$.2!:58;25!<8=!Dh:58;25TE!./V2!2342526!7348!/!?8KK2?47V2!1/5;/7373;!/;522I234!?8V2573;!
-83RM8860!2IJK8B220=!!$.202!2IJK8B220!?F55234KB!J/547?7J/42!73!4.2!-83RM886!:58;25!*24752I234!MF36!85!:58;25!
*24752I234!'/V73;0!(??8F34=!!O8?/K!PQ!/36!:58;25!/;522!48!32;847/42!73!;886!G/74.!?83?25373;!4.2!J/547?7J/4783!8G!4.202!
2IJK8B220!73!4.2!LM<N!<8308K76/426!Z230783!MF36!G85!GF4F52!025V7?2=!!$89/56!4./4!236>!4.2!J/54720!/;522!48!04F6B!4.2!
G2/0717K74B!8G!0F?.!J /547?7J /478 3!/3 6!48 !F02 !4.2 75!1204!2 GG8540!48 !022 C!4.2 !?88 J2 5/478 3!8 G!4.2!J K/3 !0J8 30 85!8G!4. 2!-83RM886!
:58;25!*24752I234!MF36!85!:58;25!*24752I234!'/V73;0!(??8F34!/36!4.2!Y8/56!8G!$5F04220!8G!4.2!LM<N!<8308K76/426!
Z230783!MF36!48!J58V762!0F?.!73G85I/4783!/0!70!32?200/5B!G85!4.2!J/54720!48!?8307625!4.2!?8342IJK/426!J/547?7J/4783=!
!
!
!
M85!4.2!L3783!
!
!
!
M85!4.2!<8I J/ 3B!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
! !
!
e`!
$%!!%,&'(&2*0%,+!"*0-*5E&",!-)$%&.=/3?&.=/.>G)J?&"*0&",!-)$%&.=/.>G5J&
!
$.2!62425I73/4783!8G!4.2!F3783!o"!'2378574B!A/42!G85!GFKKR47I2!2IJ K8B2 20!70!52/? .2 6!1 B!67V7673 ;!4.2 !47I2 !1249 2 23 !4.2!
2IJK8B22j0!6/42!8G!.752!DAS%E!/36!12;733 73; !6/42 !8G!?8 3473 F8 F 0!025V 7?2!DYA < 'E!6 /42 =!!$.2!Y A <' !70!4.2!G7504!6/ B!83 !9 .7?. !
4.2!2IJK8B 22!1 2;/ 3!48 !98 5C!GFKKR 47I 2 !.8F 50=!!&G!.7526!/3 6!?8 6 26!/ 0!GFKKR47I 2>!73!/? ?856 /3 ?2 !974. !4.2!( <( >!4.23 !4.2!
2IJK8B22j0!G7504!6/B!8G!ed!6/B0!97KK!12!4.275!YA<'!6/42=!!+W/IJK2]!$.2!AS%>!YA<'!6/42>!/36!L3783!o"!97KK!12!4.2!0/I2!
6/B=!!&G!4.2!2IJK8B22!aF/K7G720!/0!GFKKR47I2!F3625!4.2!Q#R922C!hK88C!1/?CT!J25786!83!.70!"
04
!/337V250/5B!85!4.2!<Y(!
/;5226!FJ83!I2/0F52I234!J25786>!4.2!YA<'!97KK!12!4.2!/337V250/5B!85!S?48125!"=!!$.2!L3783!o"!6/42!97KK!12!./KG9/B!
1249223!AS%!/36!YA<'=!
!
$.2!^R"eRdQ!6/42!62G7326!73!"Q="`D;E!52GK2?40!4.2!?F55234!5/478!6/42!G85!2IJK8B220!J58I8426!48!'4/4F0!"=!!(0!4.2!329!Qdd!
'4/4F0!"!2IJK8B220!/52!J58I8426>!4.2!^R"eRdQ!6/42!97KK!52GK2?4!4.275!6/42!8G!.752!F347K!4.2!Qdd
4.
!2IJK8B22!70!J58I8426>!
4.23!4.275!AS% !9 7KK!12!4.2!6 242 5I 7373;!6 /42 !G85!'4/4F 0!"!8 5!'4/4F 0!^!023 78574B!0?. 26 FK20 =!!!
!
&G!/3!2I J K8 B 22 j0!6 / 42 !70 !J 578 5 !48 !4. 2 !K/ 04 !'4 / 4F 0!" !J 5 8 I84783>!4 . 23 !4 . 2 B!97KK!52I/73!83!4.2 !' 4/ 4F 0 !" !0? . 2 6 F K2!1 / 026!83!
4.275!857;73/K!YA<' !6242 5I 73/ 4783=!!&G!4.2!A S% !70!/G425!4.2 !K/04!'4/4F 0!"!J 58I 8 4783 !6/42 >!4.23 !4.8 02!2I J K8B2 20!9 7KK!12!83 !
4.2!'4/4F0!^!02378 574B!0?.2 6F K2!1/ 026 !83 !4.275!857;73 /K!YA <' !62 425I 73/ 4783 =!
!
!
M85!4.2!L3783!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
! !
!
eP!
$%!!%,&'(&2 *0%,+!"*0-*5E&0%1%*0%*!&)'4%,"5%&K2"$-(-%,&G",!-)$%&33/6J&
&
$.2!J/54720!52?234KB!5/47G726!/!?8KK2?47V2!1/5;/7373;!/;522I234!974.!2GG2?47V2!6/420!8G!S?48125!Q>!#d"^!4.58F;.!lF32!"`>!
#d"f=!!&4!12?/I2!/JJ/5234!0.854KB!/G425!5/47G7?/4783!4./4!/!670JF42!./6!/57023!52 ;/56 73;!( 547?K2!##>!0J2 ?7G7?/KKB!## =^=!!$.2 !
0J2?7G7?!02?4783!73!52G2523?2!70!73!4.2!G7504!J/5/;5/J.]!!h'4/4F0!"!GFKKR47I2!/008?7/420 !9. 8!/ V25/;2!^d!.8F50!85!I852!J25!
922CxI/B!2358KK!73!/6674783!48!02KG!?8V25/;2>!62J236234!?.7K6523!/36!0J8F020=T!!$.2!52aF7526!/V25/;2!8G!.8F50!J5785!48!
5/47G7?/4783!G85!02KG>!?.7K6523>!/36!0J8F0/K!?8V25/;2!9/0!#Q!.8F50=!$.2!J/54720!9252!73!670/;522I234!/18F4!4.2!3FI125!8G!
.8F50!322626!1B!/!'4/4F0!"!/008?7/42!48!aF/K7GB!G85!62J236234!?8V25/;2!J804R5/47G7?/4783>!.8 9 2 V 25=!!$ . 2 !L 3 78 3 !
I/734/7326!4./4!#Q!.8F50!9/0!4.2!aF/K7G725!J804R5/47G7?/4783!G85!/KK!?8V25/;2 >!/36 !4.252 !9 /0!38 !7342 34!48!?. /3 ;2 !4.2!
aF/K7G725!48!^d!.8F50!G85!62J236234!?8V25/;2=!!$.2!<8IJ/3B!I/734/7326!4./4!4.2!9574423!K/3;F/;2!0.8FK6!12!/6.2526!
48=!
!
$.2!J/54720!4.23!J/547?7J/426!73!/!O/185R,/3/;2I234!I22473;!52;/5673;!4.70!670JF42=!&3!/3!/442IJ4!48!?K/57GB!4.2!
K/3;F/; 2 !/3 6 !73 42 3 4!8 G!4 . 2!J / 5472 0 !/3 6 !48 !52 0 8 KV2 !4. 2 !6 70J F 42 >!4. 2 !J /54 72 0!. / V2 !2 34 25 26 !73 48 !4 . 70!O 2 442 5!8 G!L 3 6 2 50 4/ 36 73 ; =!!!
!
&3!/3!2GG8 54!48!022 C!520 8KF 4783 !8G!4.70!670JF42!/36!/V876!4. 2!?80 4!/36 !2WJ 23 02!8 G!/51745/478 3>!4.2 !J/5472 0!/;52 26 !48!
52?8;37U2!#f!. 8F 50!/0!4.2 !52a F7526 !GFKKR 47I 2 !/V2 5/;2 !48!I /734/ 73!62 J2 36 23 4!?.7K652 3!/ 36 !0J8 F0/ K!I2 67?/ K!123 2G74!
?8V25/;2!/36!/!#QR.8F5!/V25/;2!G85!02KG!?8V25/;2=!!(0!J/54!8G!4.2!0244K2I234>!4.2!J/54720!./V2!/K08!/;5226!48!I867GB!
5/47G726!?8345/?4F /K!K/3 ;F/ ;2 !J5785!48 !G73/K!J573 473;!48 !52GK2?4!4. 2!/G8 52I 2 3478 32 6!52 08KF 4783 =!
!
(3B!/008?7/42@I2I125!9.8!70!62G7326!73!4.2!J52R/51745/4783!0244K2I234!G58I!#dd"!97KK!?83473F2!48!2358KK!02KG>!
62J236234!?.7K6523>!/36!0J8F0/K!?8V25/;2!1/026!83!4.275!/V25/;2!8G!.8F50!/0!04/426!73!4.2!J52R/51745/4783!/;522I234=!!!
!
!
M85!4.2!L3783!
!
M85!4.2!<8IJ/3B!
!
!
!
!
!
!
!
A/42!
!
!
!
A/42!
!
!
!