"UUJWJ QFS /BUVSB "LUJW WPO /BUVS BVT 4QPSU $VMUVSB %JWFSUJNFOUP
/BUVVSMJKL BLUJFG
4QPSU ,VMUVS 4QB
4QPSU $VMUVVS 7FSNBBL
FTUBUF 4PNNFS [PNFS
-VOFEÔ .POUBH .BBOEBH MVHMJP BHPTUP +VMJ "VHVTU KVMJ BVHVTUVT *5
1"44&((*"5" "- 530%0 %&* '*03* -VOFEÔ PSF QBSUFO[B EBM 1BTTP #SPDPO 1JB[[BMF EFHMJ "MCFSHIJ 6OB QBTTFHHJBUB OFMMB OBUVSB BMMB TDPQFSUB EFM 5SPEP EFJ 'JPSJ EJ 1BTTP #SPDPO DPO HMJ BDDPNQBHOBUPSJ EJ UFSSJUPSJP
%
41";*&3("/( "6' %&. /"5631'"% 530%0 %&* '*03* .POUBH 6IS 5SFGGQVOLU BN 1BTTP #SPDPO BVG EFN 7PSQMBU[ EFS )PUFMT &JO 4QB[JFSHBOH JO EFS /BUVS CFHMFJUFU WPO &YQFSUFO EFS (FHFOE FOUEFDLU JIS EFO 5SPEP EFJ 'JPSJ BN #FSHQBTT #SPDPO
/-
8"/%&-*/( /""3 530%0 %&* '*03* .BBOEBH VVS WFSUSFL WBO 1BTTP #SPDPO 1JB[[BMF EFHMJ "MCFSHIJ &FO XBOEFMJOH JO EF OBUVVS PN EF CMPFNFO WBO 1BTTP #SPDPO UF POUEFLLFO POEFSMFJEJOH WBO FFO HJET
4DBSQPODJOJ EB NPOUBHOB BCCJHMJBNFOUP TQPSUJWP RVBMDPTB EB CFSF 8BOEFSTDIVIF 4QPSULMFJEVOH FUXBT [V USJOLFO 8BOEFMTDIPFOFO TQPSUJFWF LMFEJOH ESJOLFO
&VSP B QFSTPOB &VSP QSP 1FSTPO &VSP QFS QFSTPPO
1SFTTP M VGmDJP "15 7BMTVHBOB EJ $BTUFMMP 5FTJOP FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE JO $BTUFMMP 5FTJOP CJT 6IS EFT 7PSUBHFT EFS &YLVSTJPO *OTDISJKWFO CJK IFU 777 LBOUPPS WBO $BTUFMMP 5FTJOP UPU PQ EF EBH WPPSBGHBBOE BBO EF XBOEFMJOH 3JFOUSP QSFWJTUP QFS MF PSF FUÉ DPOTJHMJBUB TVQFSJPSF BHMJ BOOJ 3ãDLLFIS WPSHFTFIFO GãS 6IS FNQGPIMFOFT .JOEFTUBM UFS ÍMUFS BMT +BISF 5FSVHLFFS SPOE VVS WPPS LJOEFSFO WBOBG KBBS
NBHHJP PUUPCSF .BJ 0LUPCFS NFJ PLUPCFS *5
"33".1*$"5" */ 7"- %* 4&--" -VOFEÔ PSF QBSUFO[B EBMM VGmDJP "15 EJ #PSHP 7BMTVHBOB 1FS VO DPOUBUUP BODPSB QJà SBWWJDJOBUP DPO MB NPOUBHOB JO UVUUB TJDVSF[[B HSB[JF BMMB QSFTFO[B EJ VOB HVJEB BMQJOB
%
,-&55&3/ *. 4&--"5".POUBH 6IS 5SFGGQVOLU CFJN 5PVSJTNVTWFSCBOE JO #PSHP 7BMTVHBOB 'ãS FJOFO OPDI FOHFSFO ,POUBLU NJU EFO #FSHFO HBO[ TJDIFS JO #FHMFJUVOH FSGBISFOFS #FSHGãISFS LMFUUFSO
/-
",-*..&/ */ 7"- %* 4&--" .BBOEBH VVS WFSUSFL WBOBG 777 LBOUPPS #PSHP 7BMTVHBOB 7PPS FFO OPH JOUFOTFS DPOUBDU NFU EF CFSHFO EBOL[JK EF BBOXF[JHIFJE WBO FFO CFSHHJET
4DBSQPODJOJ EB NPOUBHOB BCCJHMJBNFOUP TQPSUJWP RVBMDPTB EB CFSF 8BOEFSTDIVIF 4QPSULMFJEVOH FUXBT [V USJOLFO 8BOEFMTDIPFOFO TQPSUJFWF LMFEJOH ESJOLFO
&VSP B QFSTPOB &VSP QSP 1FSTPO &VSP QFS QFSTPPO
4VOOZ $MJNC o .BUUFP F .BTTJNP 'BMMFUUJ FOUSP MF PSF EFM HJPSOP QSFDFEFOUF 4VOOZ $MJNC o .BUUFP VOE .BTTJNP 'BMMFUUJ CJT 6IS EFT 7PSUBHFT EFS &YMVSTJPO *OTDISJKWFO 4VOOZ $MJNC o .BUUFP F .BTTJNP 'BMMFUUJ UPU VVS PQ EF EBH WPPSBGHBBOE BBO EF XBOEFMJOH .JOJNP QBSUFDJQBOUJ 3JFOUSP QSFWJTUP QFS MF PSF FUÉ DPOTJHMJBUB TVQFSJPSF BHMJ BOOJ .JOEFTUFOT 5FJMOFINFS 3ãDLLFIS WPSHFTFIFO GãS 6IS FNQGPIMFOFT .JOEFTUBMUFS ÍMUFS BMT +BISF %JF "VTSãTUVOH XJSE WPO EFO #FSHGãISFSO [VS 7FSGãHVOH HFTUFMMU .JOJNBBM EFFMOFNFST 5FSVHLFFS SPOE VVS WPPS LJOEFSFO WBOBG KBBS
.BSUFEÔ %JFOTUBH %JOTEBH EBM HJVHOP BM TFUUFNCSF WPN +VOJ CJT [VN 4FQUFNCFS WBO KVOJ UPU TFQUFNCFS *5
."-()&4& 1&3 6/ (*03/0 %JNPTUSB[JPOF EFMMB MBWPSB[JPOF EFM MBUUF PHOJ NBSUFEÔ BE PSF DPO SJUSPWP JO NBMHB
%
"-.)*35 'Æ3 &*/&/ 5"( 7PSGãISVOH EFS .JMDIWFSBSCFJUVOH KFEFO %JFOTUBH VN 6IS 5SFGGQVOLU EJSFLU JO EFS "MNIãUUF
/-
#0&3 7003 &&/ %"( %FNPOTUSBUJF NFMLWFSXFSLJOH FMLF EJOTEBH PN VVS WFS[BNFMQVOU CJK EF CFSHCPFSEFSJK (JVHOP +VOJ +VOJ .BMHB 'SBUUF .BMHB $BTBSJOB -VHMJP +VMJ +VMJ .BMHB $BNCSPODPJ .BMHB ;PDIJ .BMHB 7BMGPOUBOF .BMHB $PMP "HPTUP "VHVTU "VHVTUVT .BMHB ;BODB .BMHB 5SFODB .BMHB 7BMDPQFSUB .BMHB 1PTUFTJOB .BMHB 7BMTPMFSP 4FUUFNCSF 4FQUFNCFS 4FQUFNCFS .BMHB 4DVSB .BMHB "SQBDP
1SFTTP HMJ VGmDJ "15 7BMTVHBOB EJ $BTUFMMP 5FTJOP F EJ -FWJDP 5FSNF FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE JO $BTUFMMP 5FTJOP VOE JO -FWJDP 5FSNF CJT 6IS EFT 7PSUBHFT EFS "LUJWJUÍU #JK IFU 777 LBOUPPS WBO $BTUFMMP 5FTJOP FO -FWJDP 5FSNF *OTDISJKWFO JT NPHFMJKL UPU VVS PQ EF EBH WPPSBGHBBOE BBO EF CF[JDIUJHJOH
(3"56*5" (3"5*4 /FJ OPTUSJ VGmDJ QVPJ BEPUUBSF VOB NVDDBè *O VOTFSFO #ãSPT LBOOTU EV FJOF ,VI BEPQUJFSFOè *O PO[F LBOUPSFO LVOU V FFO LPF BEPQUFSFOè
EBM MVHMJP BM TFUUFNCSF WPN +VMJ CJT [VN 4FQUFNCFS WBO KVMJ UPU TFQUFNCFS *5
7*4*5" (6*%"5" "- #03(0 & "- $"45&--0 %* 1&3(*/& .BSUFEÔ PSF QBSUFO[B EBMM VGmDJP "QU 7BMTVHBOB JO 1JB[[B 4FSSB 1BTTFHHJBUB OFM DFOUSP TUPSJDP F BM DBTUFMMP EJ 1FSHJOF BDDPNQBHOBUJ EB VO FTQFSUP EFM UFSSJUPSJP
%
(&'Æ)35& #&4*$)5*(6/( %63$) %&/ 035 6/% %"4 4$)-044 1&3(*/& %JFOTUBH 6IS 5SFGGQVOLU BN #ãSP EFT 5PVSJTNVTWFSCBOEFT 7BM TVHBOB 1JB[[B 4FSSB 4QB[JFSHBOH EVSDI EFO IJTUPSJTDIFO 4UBEULFSO WPO 1FSHJOF VOE [VN 4DIMPTT CFHMFJUFU WPO FJOFN FSGBISFOFO 4UBEUGãISFS
/-
30/%-&*%*/( %003 )&5 %031 &/ )&5 ,"45&&- 7"/ 1&3(*/& %JOTEBH PN VVS WFSUSFL WBOBG IFU 777 LBOUPPS JO 1JB[[B 4FSSB 8BOEFMJOH EPPS EF PVEF TUBE FO IFU LBTUFFM 1FSHJOF POEFS CFHFMFJEJOH WBO FFO HJET "CCJHMJBNFOUP TQPSUJWP RVBMDPTB EB CFSF 4QPSULMFJEVOH FUXBT [V USJOLFO 4QPSUJFWF LMFEJOH ESJOLFO
%VSBUB EJ PSF DJSDB %BVFS DB 4UVOEFO %VVS POHFWFFS VVS
(3"56*5" (3"5*4
1SFTTP HMJ VGmDJ "15 7BMTVHBOB EJ 1FSHJOF F EJ -FWJDP 5FSNF FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BMTVHBOB JO 1FSHJOF VOE JO -FWJDP 5FSNF CJT 6IS EFT 7PSUBHFT EFS 4UBEUGãISVOH *OTDISJKWJOH CJK 777 LBOUPPS JO 1FSHJOF FO -FWJDP 5FSNF WÚÚS VVS PQ EF WPPSBGHBBOEF EBH
.FSDPMFEÔ .JUUXPDI 8PFOTEBH MVHMJP BHPTUP KVMJ "VHVTU KVMJ BVHVTUVT *5
1"44&((*"5" "-- "3#03&50 %&- 5&4*/0 .FSDPMFEÔ PSF QBSUFO[B EBM $FOUSP 7JTJUBUPSJ EFMM "SCPSFUP 'BDJMF QBTTFHHJBUB BMM "SCPSFUP EFM 5FTJOP TDPQSFOEP J TFHSFUJ EFMMB OBUVSB DPO VO FTQFSUP BNCJFOUBMF
%
41";*&3("/( %63$) %"4 "3#03&56. %&4 5&4*/0 .JUUXPDI 6IS 5SFGGQVOLU BN #FTVDIFS[FOUSVN EFT "SCPSFUVN -FJDIUFS 4QB[JFSHBOH EVSDI EBT "SCPSFUVN EFT 5FTJOP BVG &OUEFDLVOH EFS (FIFJNOJTTF EFS /BUVS NJU FJOFN &YQFSUFO BVG EJFTFN (FCJFU
/-
8"/%&-*/( /""3 )&5 "3#03&56. 7"/ 5&4*/0 8PFOTEBH PN VVS WFSUSFL WBOBG IFU CF[PFLFSTDFOUSVN "SCPSFUP .BLLFMJKLF XBOEFMJOH OBBS "SCPSFUP WBO 5FTJOP PN EF HFIFJNFO WBO EF OBUVVS UF POUEFLLFO 0OEFSMFJEJOH WBO FFO NJMFV FYQFSU
"CCJHMJBNFOUP TQPSUJWP RVBMDPTB EB CFSF 4QPSULMFJEVOH FUXBT [V USJOLFO 4QPSUJFWF LMFEJOH ESJOLFO
(3"56*5" (3"5*4
1SFTTP M VGmDJP "15 7BMTVHBOB EJ $BTUFMMP 5FTJOP FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BMTVHBOB JO $BTUFMMP 5FTJOP CJT 6IS EFT 7PSUBHFT EFT 4QB[JFSHBOHT *OTDISJKWJOH CJK 777 LBOUPPS WBO $BTUFMMP 5FTJOP WÚÚS VVS PQ EF WPPSBGHBBOEF EBH 3JFOUSP QSFWJTUP QFS MF PSF FUÉ DPOTJHMJBUB TVQFSJPSF BJ BOOJ 3ãDLLFIS WPSHFTFIFO GãS 6IS FNQGPIMFOFT .JOEFTUBMUFS ÍMUFS BMT +BISF 5FSVHLFFS SPOE VVS WPPS LJOEFSFO WBOBG KBBS
(JPWFEÔ %POOFSTUBH %POEFSEBH EBM NBHHJP BM TFUUFNCSF WPN .BJ CJT [VN 4FQUFNCFS WBO NFJ UPU TFQUFNCFS 53&,,*/( *5
(JPWFEÔ PSF QBSUFO[B EBM 1BMBMFWJDP WJBMF MJEP EJ -FWJDP 5FSNF &TDVSTJPOJ HVJEBUF EB FTQFSUF HVJEF BMQJOF BMMB TDPQFSUB EJ JODBOUFWPMJ QBFTBHHJ EJ JOBTQFUUBUB CFMMF[[B
%
%POOFSTUBH 6IS 5SFGGQVOLU BN 1BMBMFWJDP WJBMF MJEP JO -FWJDP 5FSNF (FGãISUF 5SFLLJOHUPVS CFHMFJUFU WPO FSGBISFOFO #FSHGãISFSO BVG &OUEFDLVOH EFS CF[BVCFSOEFO -BOETDIBGUFO WPMMFS VOFSXBSUFUFS 4DIÞOIFJU
/-
%POEFSEBH PN WFSUSFL WBOBG 1BMBMFWJDP WJBMF MJEP WBO -FWJDP 5FSNF 3POEMFJEJOH NFU FSWBSFO HJETFO EPPS MBOETDIBQQFO WBO POHFLFOEF TDIPPOIFJE .BHHJP .BJ .FJ -BHP EJ &SEFNPMP
(JVHOP +VOJ +VOJ 1J[[P EJ -FWJDP %PTTP EJ $PTUBMUB .POUF 1BOBSPUUB .POUF )PBCPOUJ .POUF 4MJNCFS
-VHMJP +VMJ +VMJ .POUF 'SBWPSU 7BM EJ 4FMMB -BHP EJ &SEFNPMP 1J[[P EJ -FWJDP
"HPTUP "VHVTU "VHVTUVT -BHP EJ &SEFNPMP .POUF 1BOBSPUUB 1J[[P EJ -FWJDP .POUF 'SBWPSU
4FUUFNCSF 4FQUFNCFS 4FQUFNCFS 7BM EJ 4FMMB 1J[[P EJ -FWJDP %PTTP EJ $PTUBMUB .POUF )PBCPOUJ -BHP EJ &SEFNPMP 4DBSQPODJOJ EB NPOUBHOB QSBO[P BM TBDDP BCCJHMJBNFOUP TQPSUJWP VO JNQFSNFBCJMF 8BOEFSTDIVIF EBT .JUUBHFTTFO GãS VOUFSXFHT 4QPSULMFJEVOH FJOF 3FHFOKBDLF 8BOEFMTDIPFOFO FUFO FO ESJOLFO TQPSUJFWF LMFEJOH FO XJOEKBDL
&VSP B QFSTPOB &VSP QSP 1FSTPO FVSP QFS QFSTPPO
1SFTTP M VGmDJP "15 7BMTVHBOB EJ -FWJDP 5FSNF FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BMTVHB OB JO -FWJDP 5FSNF CJT 6IS EFT 7PSUBHFT EFS &YLVSTJPO *OTDISJKWJOH CJK 777 LBOUPPS WBO -FWJDP 5FSNF UPU VVS PQ EF WPPSBGHBBOEF EBH 3JFOUSP QSFWJTUP QFS MF PSF FUÉ DPOTJHMJBUB TVQFSJPSF BHMJ BOOJ 5SBTGFSJNFOUP DPO NF[[J QSPQSJ 3ãDLLFIS WPSHFTFIFO GãS 6IS FNQGPIMFOFT .JOEFTUBMUFS ÍMUFS BMT +BISF "OGBISU NJU EFN FJHFOFO "VUP 5FSVHLFFS SPOE VVS WPPS LJOEFSFO WBOBG KBBS 5SBOTQPSU NFU FJHFO WFSWPFS
MVHMJP BHPTUP +VMJ "VHVTU KVMJ BVHVTUVT *5
1"44&((*"5" "--" 4$01&35" %* #03(0 7"-46("/" *O DPMMBCPSB[JPOF DPO MB 1SPMPDP EJ #PSHP 7BMTVHBOB
(JPWFEÔ PSF QBSUFO[B EBMM 6GmDJP "QU EJ #PSHP 7BMTVHBOB 1BTTFHHJBUB BMMB TDPQFSUB EFM DFOUSP TUPSJDP EFJ NVTFJ EFMMF DIJFTF DPO BDDPNQBHOBUPSF EJ UFSSJUPSJP %
41";*&3("/( %63$) #03(0 7"-46("/" *O ;VTBNNFOBSCFJU NJU EFN )FJNBUWFSFJO WPO #PSHP 7BMTVHBOB
%POOFSTUBH 6IS 5SFGGQVOLU BN #ãSP EFT 5PVSJTNVTWFSCBOEFT #PSHP 7BMTVHBOB 4QB[JFSHBOH EVSDI EBT IJTUPSJTDIF ;FOUSVN EJF .VTFFO EJF ,JSDIFO CFHMFJUFU WPO FJOFN 4UBEUGãISFS /-
8"/%&-&/ */ #03(0 7"-46("/" *O TBNFOXFSLJOH NFU EF 1SPMPDP WBO #PSHP 7BMTVHBOB
%POEFSEBH PN VVS WFSUSFL WBO IFU 777 LBOUPPS JO #PSHP 7BMTVHBOB 8BOEFMJOH NFU HJET PN EF PVEF TUBE NVTFB FO LFSLFO UF POUEFLLFO "CCJHMJBNFOUP TQPSUJWP 4QPSULMFJEVOH 4QPSUJFWF LMFEJOH
&VSP B QFSTPOB &VSP QSP 1FSTPO &VSP QFS QFSTPPO
1SFTTP M VGmDJP "15 EJ #PSHP FOUSP MF PSF EFM HJPSOP EFMMB QBTTFHHJBUB #FJN 5PVSJTNVTWFSCBOE "QU 7BMTVHBOB JO #PSHP CJT 6IS EFT 5BHFT EFT 4QB[JFSHBOHT *OTDISJKWJOH CJK 777 LBOUPPS #PSHP 7BMTVHBOB WÚÚS VVS PQ EF WPPSBGHBBOEF EBH 3JFOUSP QSFWJTUP QFS MF PSF DJSDB .JOJNP QBSUFDJQBOUJ 1PTTJCJMJUÉ EJ DFOBSF OFJ SJTUPSBOUJ EFM DFOUSP F EJ QSPTFHVJSF OFM DFOUSP TUPSJDP DPO J OFHP[J BQFSUJ F MP TQFUUBDPMP JO QJB[[B iDPNJDJ EJ ;FMJHw 3ãDLLFIS GãS DB WPSHFTFIFO .JOEFTUFOT 5FJMOFINFS "N "CFOE LBOO NBO JO EFO 3FTUBVSBOUT EFT ;FOUSVNT FUXBT FTTFO JO EFO (FTDIÍGUFO NJU WFSMÍOHFSUFO ÁGGOVOHT[FJUFO FJOLBVGFO HFIFO PEFS TJDI BO EFO "VGGãISVOHFO JUBMJFOJTDIFS ,PNJLFS FSGSFVFO 5FSVHLFFS POHFWFFS SPOE VVS .JOJNBBM EFFMOFNFST )FU JT NPHFMJKL PN UF EJOFSFO JO EF SFTUBVSBOUT FO EF BWPOE WPPSU UF [FUUFO JO IFU DFOUSVN XBBS EF XJOLFMT PQFO [JKO NFU FFO PQUSF EFO PQ IFU QMFJO WBO EF iLPNJFLFO WBO ;FMJH
7FOFSEÔ 'SFJUBH 7SJKEBH MVHMJP BHPTUP +VMJ "VHVTU KVMJ BVHVTUVT *5
/03%*$ 8"-,*/( */ 5&4*/0 7FOFSEÔ PSF SJUSPWP BMM VGmDJP "15 7BMTVHBOB EJ $BTUFMMP 5FTJOP 'BDJMF BUUJWJUÉ DPO JTUSVUUPSF EFMMB 4DVPMB *UBMJBOB /PSEJD 8BMLJOH
%
/03%*$ 8"-,*/( *. 5&4*/0 'SFJUBH 6IS 5SFGGQVOLU BN #ãSP EFT 5PVSJTNVTWFSCBOEFT 7BMTVHBOB JO $BTUFMMP 5FTJOP -FJDIUF "LUJWJUÍU NJU FJOFN 5SBJOFS EFS JUBMJFOJTDIFO /PSEJD 8BMLJOH 4DIVMF
/-
/03%*$ 8"-,*/( */ 5&4*/0 7SJKEBH PN VVS WFS[BNFMQVOU CJK 777 LBOUPPS WBO $BTUFMMP 5FTJOP .BLLFMJKLF BLUJWJUFJU NFU FFO CFHFMFJEFS WBO EF *UBMJBBOTF /PSEJD 8BMLJOH TDIPPM
4DBSQF EB HJOOBTUJDB BCCJHMJBNFOUP TQPSUJWP RVBMDPTB EB CFSF 4QPSUTDIVIF 4QPSULMFJEVOH FUXBT [V USJOLFO 4QPSUTDIPFOFO TQPSUJFWF LMFEJOH ESJOLFO
&VSP B QFSTPOB &VSP QSP 1FSTPO FVSP QFS QFSTPPO
1SFTTP M VGmDJP "QU 7BMTVHBOB EJ $BTUFMMP 5FTJOP FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BMTVHBOB JO $BTUFMMP 5FTJOP CJT 6IS EFT 7PSUBHFT EFS "LUJWJUÍU *OTDISJKWJOH CJK 777 LBOUPPS WBO $BTUFMMP 5FTJOP WÚÚS VVS PQ EF WPPSBGHBBOEF EBH 3JFOUSP QSFWJTUP QFS MF PSF .BTTJNP QBSUFDJQBOUJ 3ãDLLFIS WPSHFTFIFO GãS 6IS .BYJNBM 5FJMOFINFS 5FSVHLFFS SPOE VVS .BYJNBBM EFFMOFNFST
NBHHJP TFUUFNCSF .BJ 4FQUFNCFS NFJ TFQUFNCFS *5
.5# -"()* 7FOFSEÔ PSF QBSUFO[B EBM 1BMBMFWJDP WJBMF -JEP EJ -FWJDP 5FSNF 1FEBMBUB DPO JTUSVUUPSF QFSDPSSFOEP MB DJDMBCJMF EFMMB 7BMTVHBOB F TUSBEJ OF TUFSSBUF USB JM -BHP EJ -FWJDP F EJ $BMEPOB[[P
%
.5# 4&&/ 'SFJUBH 6IS 5SFGGQVOLU BN 1BMBMFWJDP WJBMF -JEP JO -FWJDP 5FSNF 3BEUPVS NJU FJOFN .5# (VJEF BVG EFN 3BEXFH EFT 7BMTVHBOB VOE /FCFOTUSB FO [XJTDIFO EFN -FWJDP VOE $BMEPOB[[PTFF
/-
.5# .&3&/ 7SJKEBH PN VVS WFSUSFL WBOBG 1BMBMFWJDP 7JBMF -JEP WBO -FWJDP 5FSNF 'JFUTFO NFU FFO HJET PWFS EF mFUTQBEFO WBO 7BMTVHBOB FO EF POWFSIBSEF XFHFO UVTTFO IFU -FWJDP FO $BMEPOB[[PNFFS 4DBSQF EB HJOOBTUJDB BCCJHMJBNFOUP TQPSUJWP VO JNQFSNFBCJMF 4QPSUTDIVIF 4QPSULMFJEVOH FJOF 3FHFOKBDLF 4QPSUTDIPFOFO TQPSUJFWF LMFEJOH XJOEKBDL ESJOLFO
&VSP B QFSTPOB &VSP QSP 1FSTPO &VSP QFS QFSTPPO
1SFTTP M VGmDJP "15 7BMTVHBOB EJ -FWJDP 5FSNF FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BMTV HBOB JO -FWJDP 5FSNF CJT 6IS EFT 7PSUBHFT EFS 5PVS *OTDISJKWJOH CJK 777 LBOUPPS WBO -FWJDP 5FSNF UPU VVS PQ EF WPPSBGHBBOEF EBH 3JFOUSP QSFWJTUP QFS MF PSF .BTTJNP QBSUFDJQBOUJ " OPMFHHJP TV SJDIJFTUB BMNFOP VO HJPSOP QSJNB CJDJ F DBTDIFUUP 3ãDLLFIS WPSHFTFIFO GãS 6IS .BYJNBM 5FJMOFINFS 3BEWFSMFJI NÞHMJDI BVG "OGSBHF NJOEFTUFOT FJOFO 5BH WPS EFN "VTnVH 3BE VOE 'BISSBEIFMN 5FSVHLFFS SPOE VVS .BYJNBBM EFFMOFNFST 7PPS NUC FO IFMN (SBBH FFO EBH WPPSBGHBBOE BBO EF UPDIU SFTFSWFSFO
4BCBUP 4BNTUBH ;BUFSEBH MVHMJP BHPTUP +VMJ "VHVTU KVMJ BVHVTUVT *5
5*30 $0/ - "3$0 4BCBUP PSF SJUSPWP BM 1BSDP -B $BTDBUFMMB EJ $BTUFMMP 5FTJOP 6OB NBUUJOBUB EJWFSTB QFS BWWJDJOBSTJ BM UJSP DPO M BSDP JO VOP TDFOBSJP B EJS QPDP mBCFTDP
%
#0(&/4$)*&44&/ 4BNTUBH 6IS 5SFGGQVOLU BN 1BSL -B $BTDBUFMMB JO $BTUFMMP 5FTJOP &JO FUXBT BOEFSFS 7PSNJUUBH VN TJDI NJU EFN #PHFOTDIJF FO WFSUSBVU [V NBDIFO JO FJOFS XVOEFSTDIÞOFO 6NHFCVOH
/-
#00(4$)*&5&/ ;BUFSEBH PN USFGQVOU CJK IFU 1BSL -B $BTDBUFMMB JO $BTUFMMP 5FTJOP &FO PDIUFOE PN IFU CPPHTDIJFUFO UF MFSFO LFOOFO JO FFO TQSPPLKFTBDIUJHF PNHFWJOH 4DBSQF EB HJOOBTUJDB BCCJHMJBNFOUP TQPSUJWP 4QPSUTDIVIF 4QPSUCFLMFJEVOH 4QPSUTDIPFOFO TQPSUJFWF LMFEJOH
&UÉ DPOTJHMJBUB TVQFSJPSF BJ BOOJ &NQGPIMFOFT "MUFS ÍMUFS BMT +BISF "BOCFWPMFO MFFGUJKE WBOBG KBBS
1SFTTP M VGmDJP "15 7BMTVHBOB EJ $BTUFMMP 5FTJOP FOUSP MF PSF EFM HJPSOP QSFDFEFOUF #FJN 5PVSJTNVTWFSCBOE 7BM TVHBOB JO $BTUFMMP 5FTJOP CJT 6IS EFT 7PSUBHFT *OTDISJKWJOH CJK 777 LBOUPPS WBO $BTUFMMP 5FTJOP WÚÚS VVS PQ EF WPPSBGHBBOEF EBH &VSP QFS VO PSB EJ UJSJ QJà FOUSBUB BM 1BSDP &VSP B NBDDIJOB PQQVSF &VSP B QFEPOF
&VSP QSP 4UVOEF VOE EFS &JOUSJUU JO EFO 1BSL &VSP QSP "VUP PEFS &VSP QSP 'V HÍOHFS
&VSP WPPS ÑÑO VVS TDIJFUFO QMVT FOUSFF 1BSL &VSP QFS BVUP PG &VSP QFS WPFUHBOHFS
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*5
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