0YGEW8LI%VXSJ4YFPMG
7TIEOMRK8IRXL)HMXMSR
7TIEOMRKXS4IVWYEHI 8I\X 8LI1G+VE[n,MPP
'SQTERMIW
TIVWYEWMSR
QIRXEPHMEPSKYI[MXLXLIEYHMIRGI
XEVKIXEYHMIRGI
UYIWXMSRSJJEGX
UYIWXMSRSJZEPYI
UYIWXMSRSJTSPMG]
WTIIGLXSKEMRTEWWMZIEKVIIQIRX
WTIIGLXSKEMRMQQIHMEXIEGXMSR
RIIH
FYVHIRSJTVSSJ
TPER
TVEGXMGEPMX]
TVSFPIQWSPYXMSRSVHIV
TVSFPIQGEYWIWSPYXMSRSVHIV
GSQTEVEXMZIEHZERXEKIWSVHIV
1SRVSItWQSXMZEXIHWIUYIRGI
/)=8)617
4IVWYEWMSRMWXLITVSGIWWSJGVIEXMRKVIMRJSVGMRKSVGLERKMRKTISTPItWFIPMIJWSV
EGXMSRW;LIR]SYWTIEOXSTIVWYEHI]SYEGXEWEREHZSGEXI8LIEFMPMX]XSWTIEO
TIVWYEWMZIP][MPPFIRIJMX]SYMRIZIV]TEVXSJ]SYVPMJIJVSQTIVWSREPVIPEXMSRWXS
GSQQYRMX]EGXMZMXMIWXSGEVIIVEWTMVEXMSRW
,S[WYGGIWWJYP]SYEVIMRER]TIVWYEWMZIWTIIGLHITIRHWSRLS[[IPP]SY
XEMPSV]SYVQIWWEKIXS]SYVPMWXIRIVWtZEPYIWEXXMXYHIWERHFIPMIJW=SYWLSYPHXLMRO
SJ]SYVWTIIGLEWEQIRXEPHMEPSKYI[MXL]SYVEYHMIRGI-HIRXMJ]]SYVXEVKIXEYHM
IRGIERXMGMTEXISFNIGXMSRWXLI]QE]VEMWIXS]SYVTSMRXSJZMI[ERHERW[IVXLSWI
SFNIGXMSRWMR]SYVWTIIGL
4IVWYEWMZIWTIIGLIWQE]GIRXIVSRUYIWXMSRWSJJEGXZEPYISVTSPMG];LIRKMZMRK
ETIVWYEWMZIWTIIGLEFSYXEUYIWXMSRSJJEGX]SYVVSPIMWEOMRXSXLEXSJEPE[]IVMRE
GSYVXVSSQXVMEP=SY[MPPXV]XSKIX]SYVPMWXIRIVWXSEGGITX]SYVZMI[SJXLIJEGXW
5YIWXMSRWSJZEPYIMRZSPZIETIVWSRtWFIPMIJWEFSYX[LEXMWVMKLXSV[VSRKKSSH
SVFEHQSVEPSVMQQSVEPIXLMGEPSVYRIXLMGEP;LIRWTIEOMRKEFSYXEUYIWXMSRSJ
ZEPYI]SYQYWXNYWXMJ]]SYVSTMRMSRF]IWXEFPMWLMRKWXERHEVHWJSV]SYVZEPYINYHK
QIRX7TIIGLIWSRUYIWXMSRWSJZEPYIHSRSXEVKYIHMVIGXP]JSVSVEKEMRWXTEVXMGYPEV
GSYVWIWSJEGXMSR
3RGI]SYKSFI]SRHEVKYMRKVMKLXSV[VSRKXSYVKMRKXLEXWSQIXLMRKWLSYPH
SVWLSYPHRSXFIHSRI]SYQSZIXSEUYIWXMSRSJTSPMG];LIR]SYWTIEOSRE
UYIWXMSRSJTSPMG]]SYVKSEPQE]FIXSIZSOITEWWMZIEKVIIQIRXSVXSWTEVOMQQI
HMEXIEGXMSR-RIMXLIVGEWI]SY[MPPJEGIXLVIIFEWMGMWWYIWhRIIHTPERERHTVEGXM
GEPMX],S[QYGLSJ]SYVWTIIGL]SYHIZSXIXSIEGLMWWYI[MPPHITIRHSR]SYV
XSTMGERH]SYVEYHMIRGI
8LIVIEVIWIZIVEPSTXMSRWJSVSVKERM^MRKWTIIGLIWSRUYIWXMSRWSJTSPMG]-J]SY
EHZSGEXIEGLERKIMRTSPMG]]SYVQEMRTSMRXW[MPPSJXIRJEPPREXYVEPP]MRXSTVSFPIQ
WSPYXMSRSVHIVSVMRXSTVSFPIQGEYWIWSPYXMSRSVHIV-J]SYVEYHMIRGIEPVIEH]EKVIIW
XLEXETVSFPIQI\MWXW]SYQE]FIEFPIXSYWIGSQTEVEXMZIEHZERXEKIWSVHIV;LIR
IZIV]SYWIIOMQQIHMEXIEGXMSRJVSQPMWXIRIVW]SYWLSYPHGSRWMHIVEQSVIWTIGMEPM^IH
SVKERM^EXMSREPTEXXIVRORS[REW1SRVSItWQSXMZEXIHWIUYIRGI
6IKEVHPIWWSJ]SYVXSTMGSVQIXLSHSJSVKERM^EXMSR]SYRIIHXSQEOIWYVI]SYV
KSEPWEVIIXLMGEPP]WSYRHERHXLEX]SYYWIIXLMGEPQIXLSHWXSTIVWYEHI]SYVEYHMIRGI
7911%6=
%JXIVVIEHMRKXLMWGLETXIV]SYWLSYPHFIEFPIXSERW[IVXLIJSPPS[MRKUYIWXMSRW
;LEXMWXLIHMJJIVIRGIFIX[IIRERMRJSVQEXMZIWTIIGLERHETIVWYEWMZIWTIIGL#
;L]MWWTIEOMRKXSTIVWYEHIQSVIGLEPPIRKMRKXLERWTIEOMRKXSMRJSVQ#
6):-);59)78-327
6IZMI[5YIWXMSRW