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M
'LETXIV
2EZMKEXMSR
'SRXVSPPIVW
ERH8EFPI:MI[W
RXLITVIZMSYWGLETXIV]SYQEWXIVIHXLIFEWMGWSJ[SVOMRK[MXLXEFPIZMI[W
-RXLMWGLETXIV]SYvVIKSMRKXSKIXE[LSPIPSXQSVITVEGXMGIFIGEYWI[IvVI
KSMRKXSI\TPSVIREZMKEXMSRGSRXVSPPIVW8EFPIZMI[WERHREZMKEXMSRGSRXVSP
PIVW[SVOLERHMRLERH7XVMGXP]WTIEOMRKEREZMKEXMSRGSRXVSPPIVHSIWRvXRIIH
EXEFPIZMI[MRSVHIVXSHSMXWXLMRK%WETVEGXMGEPQEXXIVLS[IZIV[LIR]SY
MQTPIQIRXEREZMKEXMSRGSRXVSPPIV]SYEPQSWXEP[E]WMQTPIQIRXEXPIEWXSRI
XEFPIERHYWYEPP]WIZIVEPFIGEYWIXLIWXVIRKXLSJXLIREZMKEXMSRGSRXVSPPIVMWMR
XLIIEWI[MXL[LMGLMXLERHPIWGSQTPI\LMIVEVGLMGEPHEXE3RXLIM4LSRIvWWQEPP
WGVIIRLMIVEVGLMGEPHEXEMWFIWXTVIWIRXIHYWMRKEWYGGIWWMSRSJXEFPIZMI[W
-RXLMWGLETXIV[IvVIKSMRKXSFYMPHERETTPMGEXMSRTVSKVIWWMZIP]NYWXEW[I
HMH[MXLXLIXEFZMI[ETTPMGEXMSRFEGOMR'LETXIV;IvVIKSMRKXSKIXXLI
REZMKEXMSRGSRXVSPPIVERHXLIJMVWXZMI[GSRXVSPPIV[SVOMRKERHXLIR[IvPPWXEVX
EHHMRKQSVIGSRXVSPPIVWERHQSVIPE]IVWXSXLILMIVEVGL])EGLZMI[GSRXVSP
PIV[IGVIEXI[MPPVIMRJSVGIWSQIEWTIGXSJXEFPIYWISVGSRJMKYVEXMSR=SYvVI
KSMRKXSWIILS[XSHVMPPHS[RJVSQXEFPIZMI[WMRXSGLMPHXEFPIWERHEPWSJVSQ
XEFPIZMI[WHS[RMRXSGSRXIRXZMI[W[LIVIHIXEMPIHHEXEGERFIZMI[IHERH
IZIRIHMXIH=SYvVIEPWSKSMRKXSWIILS[XSYWIEXEFPIPMWXXSEPPS[XLIYWIVXS
WIPIGXJVSQQYPXMTPIZEPYIWERHPIEVRLS[XSYWIIHMXQSHIXSEPPS[VS[WXS
FIHIPIXIHJVSQEXEFPIZMI[
8LEXMWEPSXMWRvXMX#;IPPRSXLMRKJSVMXFYXXSKIXWXEVXIH0IXvWKS
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W
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2EZMKEXMSR'SRXVSPPIVW
8LIQEMRXSSP]SYvPPYWIXSFYMPHLMIVEVGLMGEPETTPMGEXMSRWMW
9-2EZMKEXMSR'SRXVSPPIV

%7XEGOSJ'SRXVSPPIVW
%REZMKEXMSRGSRXVSPPIVQEMRXEMRWEWXEGOSJZMI[GSRXVSPPIVW%R]OMRHSJZMI[GSRXVSPPIVMWJEMV
KEQIJSVXLIWXEGO;LIR]SYHIWMKR]SYVREZMKEXMSRGSRXVSPPIV]SYvPPRIIHXSWTIGMJ]XLIZIV]
JMVWXZMI[XLIYWIVWIIW8LEXZMI[MWXLIFSXXSQQSWXZMI[MRXLIZMI[LMIVEVGL]ERHMXWGSRXVSP
PIVMWGEPPIHXLIVSSXZMI[GSRXVSPPIV8LIVSSXZMI[GSRXVSPPIVMWXLIZIV]JMVWXZMI[GSRXVSPPIVXLI
REZMKEXMSRGSRXVSPPIVTYWLIWSRXSMXWWXEGO%WXLIYWIVWIPIGXWXLIRI\XZMI[XSPSSOEXERI[
ZMI[GSRXVSPPIVMWTYWLIHSRXSXLIWXEGOERHXLIZMI[MXGSRXVSPWMWWLS[RXSXLIYWIV;IVIJIV
XSXLIWIRI[ZMI[GSRXVSPPIVWEWWYFGSRXVSPPIVW%W]SYvPPWIIXLMWGLETXIVvWETTPMGEXMSR2EZMW
QEHIYTSJEREZMKEXMSRGSRXVSPPIVERHWM\WYFGSRXVSPPIVW
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W
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8EOIEPSSOEX*MKYVI2SXMGIXLIREZMKEXMSRFYXXSRMR
XLIYTTIVPIJXGSVRIVSJXLIGYVVIRXZMI[8LIREZMKEXMSRFYX
XSRMWWMQMPEVXSE[IFFVS[WIVvWFEGOFYXXSR;LIRXLIYWIV
XETWXLEXFYXXSRXLIGYVVIRXZMI[GSRXVSPPIVMWTSTTIHSJJXLI
WXEGOERHXLITVIZMSYWZMI[FIGSQIWXLIGYVVIRXZMI[
;IPSZIXLMWHIWMKRTEXXIVR-XEPPS[W]SYXSFYMPHGSQTPI\
LMIVEVGLMGEPETTPMGEXMSRWMXIVEXMZIP]=SYHSRvXLEZIXSORS[
XLIIRXMVILMIVEVGL]XSKIXXLMRKWYTERHVYRRMRK)EGLGSR
XVSPPIVSRP]RIIHWXSORS[EFSYXMXWGLMPHGSRXVSPPIVWWSMXGER
TYWLXLIETTVSTVMEXIRI[GSRXVSPPIVSFNIGXSRXSXLIWXEGO
[LIRXLIYWIVQEOIWEWIPIGXMSR=SYGERFYMPHYTEPEVKI
ETTPMGEXMSRJVSQQER]WQEPPTMIGIWXLMW[E][LMGLMWI\EGXP]
[LEX[IvVIKSMRKXSHSMRXLMWGLETXIV
2EZE,MIVEVGLMGEP%TTPMGEXMSR
MR7M\4EVXW
8LIETTPMGEXMSR[IvVIEFSYXXSFYMPH[MPPWLS[]SYLS[XSHS
QSWXSJXLIGSQQSRXEWOWEWWSGMEXIH[MXLHMWTPE]MRKELMIVEVGL]
SJHEXE;LIRXLIETTPMGEXMSRPEYRGLIW]SYvPPFITVIWIRXIH[MXL
EPMWXSJSTXMSRWWII*MKYVI)EGLSJXLIVS[WMRXLMWXSTPIZIP

7IPIGXMRKEVS[TPE]WEZMHISFYXXETTMRKXLIHIXEMPHMWGPSWYVI
FYXXSRXEOIW]SYXSQSVIHIXEMPIHMRJSVQEXMSREFSYXXLIZMHIS
-RXLI'SRXEGXWETTPMGEXMSRXLIPMWXSJGSRXEGXWHSIWRSXJIEXYVI
HIXEMPHMWGPSWYVIFYXXSRWIZIRXLSYKLWIPIGXMRKEVS[HSIWXEOI
]SYXSEHIXEMPZMI[7MRGIXLIVIMWSRP]SRISTXMSREZEMPEFPIJSV
IEGLVS[MRXLI'SRXEGXWETTPMGEXMSRRSEGGIWWSV]MGSRMWHMW
TPE]IH
8SVIWXEXIMJXETTMRKEVS[XEOIW]SYXSEQSVIHIXEMPIHZMI[SJ
XLEXVS[]SYvPPIMXLIVYWIRSEGGIWWSV]MGSRSVYWIEHIXEMPHMWGPS
WYVIFYXXSRMJ]SY[ERXXSWYTTSVXX[SHMJJIVIRXSTXMSRWJSVXLI
VS[-JXETTMRKEVS[XEOIW]SYXSERSXLIVZMI[IRXMVIP]SRIXLEX
MWRSXEQSVIHIXEMPIHZMI[SJXLEXVS[YWIEHMWGPSWYVIMRHMGEXSV
KVE]EVVS[XSQEVOXLIVS[
8LIWIGSRHSJSYVETTPMGEXMSRvWWM\WYFGSRXVSPPIVWMWWLS[RMR
*MKYVI8LMWMWXLIZMI[XLEXETTIEVW[LIR]SYWIPIGX'LIGO
3RIMR*MKYVI
8LMWZMI[GSQIWMRLERH][LIR]SY[ERXXSTVIWIRXEPMWXJVSQ
[LMGLSRP]SRIMXIQGERFIWIPIGXIH8LMWETTVSEGLMWXSM4LSRI
EWVEHMSFYXXSRWEVIXS1EG37<8LIWIPMWXWYWIEGLIGOQEVOXS
QEVOXLIGYVVIRXP]WIPIGXIHVS[
8LIXLMVHSJSYVETTPMGEXMSRvWWM\WYFGSRXVSPPIVWMWWLS[RMR
*MKYVI8LMWZMI[JIEXYVIWEW[MXGLGSRXVSPMRIEGLVS[vW
EGGIWWSV]ZMI[8LIEGGIWWSV]ZMI[MWXLIJEVVMKLXTEVXSJXLIXEFPIZMI[GIPPXLEXYWYEPP]LSPHW
XLIEGGIWWSV]MGSRFYXGERFIYWIHJSVQSVI;LIR[IKIXXSXLMWTEVXSJSYVETTPMGEXMSR]SYvPP
WIILS[XSGVIEXIERHVIXVMIZIZEPYIWJVSQGSRXVSPWTPEGIHMRXLIEGGIWWSV]ZMI[
8LIJSYVXLSJSYVETTPMGEXMSRvWWM\WYFGSRXVSPPIVWMWWLS[RMR*MKYVI-RXLMWZMI[[IvPPPIXXLI
YWIVVIEVVERKIXLISVHIVSJXLIVS[WMREPMWXF]LEZMRKXLIXEFPIIRXIVIHMXQSHIQSVISRXLMW
[LIR[IKIXXSMXMRGSHIPEXIVMRXLMWGLETXIV
8LIJMJXLSJSYVETTPMGEXMSRvWWM\WYFGSRXVSPPIVWMWWLS[RMR*MKYVI-RXLMWZMI[[IvVIKSMRKXS
WLS[ERSXLIVYWISJIHMXQSHIF]EPPS[MRKXLIYWIVXSHIPIXIVS[WJVSQSYVXEFPI

2EZETTPMGEXMSRvWWM\WYFGSR
XVSPPIVWPIXWXLIYWIVVIEVVERKI
VS[WMREPMWXF]XSYGLMRKERH
HVEKKMRKXLIQSZIMGSR
*MKYVI8LIJMJXLSJXLI
2EZETTPMGEXMSRvWWM\WYFGSR
XVSPPIVWMQTPIQIRXWIHMXQSHI
XSEPPS[XLIYWIVXSHIPIXI
MXIQWJVSQXLIXEFPI
*MKYVI8LIWM\XLERHPEWX
SJXLI2EZETTPMGEXMSRvWWM\
WYFGSRXVSPPIVWMQTPIQIRXW
ERIHMXEFPIHIXEMPZMI[YWMRK
EKVSYTIHXEFPI
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W
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'SRWXVYGXMRKXLI2EZ%TTPMGEXMSRvW7OIPIXSR
<GSHISJJIVWETIVJIGXP]KSSHXIQTPEXIJSVGVIEXMRKREZMKEXMSRFEWIHETTPMGEXMSRWERH]SY
[MPPPMOIP]YWIMXQYGLSJXLIXMQI[LIR]SYRIIHXSGVIEXILMIVEVGLMGEPETTPMGEXMSRW,S[IZIV
[IvVIRSXKSMRKXSYWIXLEXSRIXSHE]2STI;IvVIKSMRKXSGSRWXVYGXSYVREZMKEXMSRFEWIH
ETTPMGEXMSRJVSQXLIKVSYRHYTWS]SYKIXEJIIPJSVLS[IZIV]XLMRKJMXWXSKIXLIV-XvWRSXVIEPP]
ZIV]HMJJIVIRXJVSQXLI[E][IFYMPXXLIXEFFEVGSRXVSPPIVMR'LETXIVWS]SYWLSYPHRvXLEZI
ER]TVSFPIQWOIITMRKYT
-R<GSHITVIWW 2XSGVIEXIERI[TVSNIGXERHWIPIGX;MRHS[&EWIH%TTPMGEXMSRJVSQXLI
M4LSRIXIQTPEXIPMWX+MZI]SYVRI[TVSNIGXEREQISJ2EZ%W]SYvPPWIIMJ]SYGPMGOXLI'PEWWIW
ERH6IWSYVGIWJSPHIVWXLMWXIQTPEXIKMZIW]SYERETTPMGEXMSRHIPIKEXIE1EMR;MRHS[\MFERH
RSXQYGLIPWI;IRIIHXSEHHEREZMKEXMSRGSRXVSPPIVXS1EMR;MRHS[\MF[LMGL[MPPFISYV
ETTPMGEXMSRvWVSSXGSRXVSPPIV%RHWMRGIEPPREZMKEXMSRGSRXVSPPIVWLEZIXSLEZIXLIMVS[RVSSX
ZMI[GSRXVSPPIV[IvPPRIIHXSGVIEXIXLEXEW[IPP7MRGI[IvVIEPVIEH]MR<GSHIPIXvWGVIEXIXLI
JMPIWRIIHIHXSMQTPIQIRXXLIVSSXZMI[GSRXVSPPIV

XLIWXEGO-RSYVGEWIXLMWMWXLIWM\VS[ZMI[WLS[RMR*MKYVI8LITSMRXSJGSRJYWMSRMW
XLEXXLIVSSXZMI[GSRXVSPPIVLEWE
VSSX:MI['SRXVSPPIV
TVSTIVX]-RSVHIVXSEZSMHGSRJY
WMSRMRWXIEHSJVIJIVVMRKXSXLIVSSXGSRXVSPPIVEW
VSSX'SRXVSPPIV
EW[ILEZIMRTVIZMSYW
GLETXIVW[IvPPVIJIVXSMXEWXLI
REZ'SRXVSPPIV

8EOIEQSQIRXXSQEOIWIRWISJEPPXLMWERHJMPIMXE[E]MRTIVQERIRXWXSVEKI%RHRS[
FEGOXSSYVWLS[
%HHXLIJSPPS[MRKGSHIXS2EZ%TT(IPIKEXIL
MQTSVX 9-/MX9-/MXL"
$GPEWW2EZ:MI['SRXVSPPIV
$MRXIVJEGI2EZ%TT(IPIKEXI273FNIGX 9-%TTPMGEXMSR(IPIKEXI"_
-&3YXPIX9-;MRHS[[MRHS[
-&3YXPIX9-2EZMKEXMSR'SRXVSPPIVREZ'SRXVSPPIV
a
$TVSTIVX]RSREXSQMGVIXEMR9-;MRHS[[MRHS[
$TVSTIVX]RSREXSQMGVIXEMR9-2EZMKEXMSR'SRXVSPPIVREZ'SRXVSPPIV
$IRH
2I\X[IRIIHXSLSTSZIVXSXLIMQTPIQIRXEXMSRJMPIERHEHHXLI
$W]RXLIWM^I
WXEXIQIRX
JSV
REZ'SRXVSPPIV
;IvPPEPWSEHH
REZ'SRXVSPPIV
vWZMI[EWEWYFZMI[SJSYVETTPMGEXMSRvW

;IvVIEPQSWXHSRIFYXXLIRI\XXEWOMWEPMXXPIXVMGO];IRIIHXSXIPPXLIREZMKEXMSRGSRXVSPPIV
[LIVIXSJMRHMXWVSSXZMI[GSRXVSPPIV8LIIEWMIWX[E]XSHSXLEXMWXSGLERKIXLIRMFvWQEMR
[MRHS[MRXSPMWXQSHIYWMRKXLIQMHHPI:MI[1SHIFYXXSRMRXLIXSSPFEVSJXLEX[MRHS[
WII*MKYVI
*MKYVI7[MXGLMRK1EMR;MRHS[\MFvWQEMR[MRHS[
MRXSPMWXQSHI
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

'PMGOXLIPMXXPIHMWGPSWYVIXVMERKPIXSXLIPIJXSJ2EZMKEXMSR'SRXVSPPIVXSI\TERHMX9RHIVRIEXL
MX]SYvPPJMRHX[SMXIQW2EZMKEXMSR&EVERH:MI['SRXVSPPIV2EZMKEXMSR-XIQ
7MRKPIGPMGOXLI:MI['SRXVSPPIV2EZMKEXMSR-XIQMGSRERHTVIWW XSFVMRKYTXLIMHIRXMX]
MRWTIGXSV'LERKIXLIYRHIVP]MRKGPEWWXS6SSX:MI['SRXVSPPIVERHTVIWWVIXYVRXSGSQQMX
XLIGLERKI7[MXGLXSXLIEXXVMFYXIWMRWTIGXSVYWMRK ,IVIMJ[I[ERXIHXS[IGSYPHEPWS
WTIGMJ]ERMFJMPIJVSQ[LMGLMXWLSYPHPSEHXLIVSSXPIZIPZMI[-RWXIEH[IvVIKSMRKXSPIEZI
XLI2-&2EQIJMIPHFPERO[LMGLMWLS[[IMRHMGEXIXLEXXLIXEFPIZMI[GSRXVSPPIVWLSYPH
GVIEXIEXEFPIZMI[MRWXERGIJSVYW8LEXvWEPPXLIGLERKIW[IRIIHLIVIWSWEZIGPSWIXLI
[MRHS[ERHKSFEGOXS<GSHI
2S[SJGSYVWI[IRIIHEPMWXJSVSYVVSSXZMI[XSHMWTPE]-RXLIPEWXGLETXIV[IYWIHWMQTPI
EVVE]WSJWXVMRKW-RXLMWETTPMGEXMSRXLIVSSXZMI[GSRXVSPPIVMWKSMRKXSQEREKIEPMWXSJMXWWYF
GSRXVSPPIVW[LMGL[I[MPPFIFYMPHMRK8ETTMRKER]VS[[MPPGEYWIERMRWXERGISJXLIWIPIGXIH
ZMI[GSRXVSPPIVXSKIXTYWLIHSRXSXLIREZMKEXMSRGSRXVSPPIVvWWXEGO;IEPWS[ERXXSFIEFPI
XSHMWTPE]ERMGSRRI\XXSIEGLVS[WSMRWXIEHSJEHHMRKE
9 QEKI
TVSTIVX]XSIZIV]WYF
GSRXVSPPIVXLEX[IGVIEXI[IvVIKSMRKXSGVIEXIEWYFGPEWWSJ
9-8EFPI:MI['SRXVSPPIV
XLEX
LEWE
9 QEKI
TVSTIVX]XSLSPHXLIVS[MGSR;I[MPPXLIRWYFGPEWWXLMWRI[GPEWWMRWXIEHSJ

%R]GSRXVSPPIVGPEWWXLEX[I[ERXXSMQTPIQIRXEWEWIGSRHPIZIPGSRXVSPPIV{MRSXLIV[SVHW
ER]GSRXVSPPIVXLEXXLIYWIVGERREZMKEXIHMVIGXP]XSJVSQXLIVSSXPIZIPSJSYVETTPMGEXMSR{
WLSYPHWYFGPEWW
7IGSRH0IZIP:MI['SRXVSPPIV
MRWXIEHSJ
9-8EFPI:MI['SRXVSPPIV
&IGEYWI
[IvVIWYFGPEWWMRK
7IGSRH0IZIP:MI['SRXVSPPIV
EPPSJXLSWIGPEWWIW[MPPLEZIETVSTIVX]XLI]
GERYWIXSWXSVIEVS[MQEKIERH[IGER[VMXISYVGSHIMR
6SSX:MI['SRXVSPPIV
FIJSVI[IvZI
EGXYEPP][VMXXIRER]GSRGVIXIWIGSRHPIZIPGSRXVSPPIVGPEWWIW
0IXvWHSXLEXRS[*MVWXHIGPEVIEREVVE]MR6SSX:MI['SRXVSPPIVLERHGLERKIXLITEVIRXGPEWW
XS
9-8EFPI:MI[GSRXVSPPIV

MQTSVX 9-/MX9-/MXL"
$MRXIVJEGI6SSX:MI['SRXVSPPIV9-:MI['SRXVSPPIV
$MRXIVJEGI6SSX:MI['SRXVSPPIV9-8EFPI:MI['SRXVSPPIV
 9-8EFPI:MI[(IPIKEXI9-8EFPI:MI[(EXE7SYVGI"_
27%VVE]GSRXVSPPIVW
a
$TVSTIVX]RSREXSQMGVIXEMR27%VVE]GSRXVSPPIVW
$IRH
8LIEVVE][INYWXEHHIH[MPPLSPHXLIMRWXERGIWSJXLIWIGSRHPIZIPZMI[GSRXVSPPIVWERHJIIH
HEXEXSXLIXEFPI)ZIRXLSYKL[IEVIWYFGPEWWMRK
9-8EFPI:MI['SRXVSPPIV
[IWXMPPRIIHXS

WIPJGSRXVSPPIVW!EVVE]
?EVVE]VIPIEWIA
?WYTIVZMI[(MH0SEHA
a
ZSMHHIEPPSG_
?GSRXVSPPIVWVIPIEWIA
?WYTIVHIEPPSGA
a
TVEKQEQEVO
TVEKQEQEVO8EFPI(EXE7SYVGI1IXLSHW
27-RXIKIVXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
RYQFIV3J6S[W-R7IGXMSR27-RXIKIVWIGXMSR_
VIXYVR?WIPJGSRXVSPPIVWGSYRXA
a
9-8EFPI:MI['IPPXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
GIPP*SV6S[%X-RHI\4EXL27-RHI\4EXLMRHI\4EXL_
WXEXMG277XVMRK6SSX:MI['SRXVSPPIV'IPP!$6SSX:MI['SRXVSPPIV'IPP
9-8EFPI:MI['IPPGIPP!?XEFPI:MI[HIUYIYI6IYWEFPI'IPP;MXL-HIRXMJMIV
6SSX:MI['SRXVSPPIV'IPPA
MJGIPP!!RMP_
GIPP!???9-8EFPI:MI['IPPEPPSGAMRMX;MXL*VEQI'+6IGX>IVS
VIYWI-HIRXMJMIV6SSX:MI['SRXVSPPIV'IPPAEYXSVIPIEWIA
a
'SRJMKYVIXLIGIPP
279-RXIKIVVS[!?MRHI\4EXLVS[A
7IGSRH0IZIP:MI['SRXVSPPIVGSRXVSPPIV!
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

?GSRXVSPPIVWSFNIGX%X-RHI\VS[A
GIPPXI\X!GSRXVSPPIVXMXPI

REZMKEXMSRGSRXVSPPIV[IvPPHSMXXLVSYKLSYVETTPMGEXMSRHIPIKEXI
2I\XGSQIWXLI
ZMI[(MH0SEH
QIXLSH8LIJMVWXXLMRK[IHSMWWIX
WIPJXMXPI
%REZMKEXMSR
GSRXVSPPIVORS[W[LEXXSHMWTPE]MRXLIXMXPISJMXWREZMKEXMSRFEVF]EWOMRKXLIGYVVIRXP]EGXMZI
GSRXVSPPIVJSVMXWXMXPI8LIVIJSVIMXvWMQTSVXERXXSWIXXLIXMXPIJSVEPPGSRXVSPPIVMRWXERGIWMR
EREZMKEXMSRFEWIHETTPMGEXMSRWSXLIYWIVWORS[[LIVIXLI]EVIEXEPPXMQIW
;IXLIRGVIEXIEQYXEFPIEVVE]ERHEWWMKRMXXSXLI
GSRXVSPPIVW
TVSTIVX][IHIGPEVIH
IEVPMIV0EXIV[LIR[IvVIVIEH]XSEHHVS[WXSSYVXEFPI[I[MPPEHHZMI[GSRXVSPPIVWXSXLMW
EVVE]ERHXLI][MPPWLS[YTEYXSQEXMGEPP]7IPIGXMRKSRISJXLSWIVS[W[MPPEYXSQEXMGEPP]
GEYWIXLIGSVVIWTSRHMRKZMI[XSKIXTVIWIRXIHXSXLIYWIV
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

8LIJMREPTMIGISJXLI
ZMI[(MH0SEH
QIXLSHMWXLIGEPPXS
?WYTIVZMI[(MH0SEHA
;IHSXLMW
FIGEYWI[IEVIWYFGPEWWMRK
9-8EFPI:MI['SRXVSPPIV
XLMWXMQIMRWXIEHSJ
9-:MI['SRXVSPPIV


9-:MI['SRXVSPPIV
vW

7IGSRH0IZIP:MI['SRXVSPPIV
ERHEVIEWWMKRMRKXLIGSRXVSPPIVvW
VS[-QEKI
TVSTIVX]XS
E
9 QEKI
8LMWWXIT[MPPQEOIQSVIWIRWI[LIR[IHIGPEVIERHEHHXLIJMVWXGSRGVIXI
WIGSRHPIZIPGSRXVSPPIVXSXLIEVVE]MREJI[QMRYXIW
8LIPEWXQIXLSH[IEHHIHMWXLIQSWXMQTSVXERXSRILIVIERHMXvWXLISRP]JYRGXMSREPMX]
XLEXvWXVYP]RI[=SYvZIWIIRXLI
XEFPI:MI[HMH7IPIGX6S[%X-RHI\4EXL
QIXLSHFIJSVI
SJGSYVWI-XvWXLISRIXLEXKIXWGEPPIHEJXIVEYWIVXETWEVS[-JXETTMRKEVS[RIIHWXSXVMK
KIVEHVMPPHS[RXLMWMWLS[[IHSMX*MVWX[IKIXXLIVS[JVSQ
MRHI\4EXL

279-RXIKIVVS[!?MRHI\4EXLVS[A
2I\X[IKVEFXLIGSVVIGXGSRXVSPPIVJVSQSYVEVVE]XLEXGSVVIWTSRHWXSXLEXVS[
7IGSRH0IZIP:MI['SRXVSPPIVRI\X'SRXVSPPIV!
?WIPJGSRXVSPPIVWSFNIGX%X-RHI\VS[A
7MRGIXLIREZMKEXMSRGSRXVSPPIVMWQEMRXEMRIHF]XLIETTPMGEXMSRHIPIKEXI[IYWIXLIWLEVIH
9-%TTPMGEXMSR
MRWXERGIXSKVEFEVIJIVIRGIXSXLEXHIPIKEXI
2EZ%TT(IPIKEXIHIPIKEXI!??9-%TTPMGEXMSRWLEVIH%TTPMGEXMSRAHIPIKEXIA
2I\X[IYWIXLIHIPIKEXIvW
REZ'SRXVSPPIV
SYXPIX[LMGLTSMRXWXSSYVETTPMGEXMSRvWREZM
KEXMSRGSRXVSPPIVXSTYWLXLIRI\XGSRXVSPPIVXLISRI[ITYPPIHJVSQSYVEVVE]SRXSXLI
REZMKEXMSRGSRXVSPPIVvWWXEGO
?HIPIKEXIREZ'SRXVSPPIVTYWL:MI['SRXVSPPIVRI\X'SRXVSPPIVERMQEXIH=)7A

7IPIGXXLI'PEWWIWJSPHIVMR<GSHIERHTVIWW 2XSFVMRKYTXLIRI[JMPIEWWMWXERXEKEMR
8LMWXMQIWIPIGX'SGSE8SYGL'PEWWIWMRXLIPIJXTERIERH9-:MI['SRXVSPPIVWYFGPEWWJVSQXLI
YTTIVVMKLXTERI2EQIXLIJMPI(MWGPSWYVI&YXXSR'SRXVSPPIVQERHQEOIWYVIXLIGLIGOFS\JSV
GVIEXMRKXLILIEHIVJMPIMWGLIGOIH8LMWGPEWW[MPPQEREKIXLIXEFPISJQSZMIWXLEX[MPPFIHMW
TPE]IH[LIRXLIYWIVGPMGOWXLI(MWGPSWYVI&YXXSRWMXIQJVSQXLIXSTPIZIPZMI[WII*MKYVI
;LIRXLIYWIVGPMGOWER]QSZMIXMXPIXLIETTPMGEXMSR[MPPHVMPPHS[RMRXSERSXLIVZMI[XLEX[MPP
VITSVX[LMGLVS[[EWWIPIGXIH%WEVIWYPX[IvVIEPWSKSMRKXSRIIHEHIXEMPZMI[JSVXLIYWIVXS
HVMPPHS[RMRXSWSVITIEXXLIWXITWXSGVIEXIERSXLIVJMPIERHGEPPMX(MWGPSWYVI(IXEMP'SRXVSPPIVQ
&IWYVIXSGLIGOXLIGLIGOFS\WSXLILIEHIVJMPIMWGVIEXIHEW[IPP
*MKYVI8LIETTPMGEXMSR
WOIPIXSRMREGXMSR
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

8LIHIXEMPZMI[[MPPFIEZIV]WMQTPIZMI[[MXLNYWXEWMRKPIPEFIPXLEX[IGERWIX-X[SRvXFI
IHMXEFPIERH[IvPPNYWXYWIXLMWXSWLS[LS[XSTEWWZEPYIWMRXSEGLMPHGSRXVSPPIV&IGEYWI
XLMWGSRXVSPPIV[MPPRSXFIVIWTSRWMFPIJSVEXEFPIZMI[[IEPWSRIIHERMFXSKSEPSRK[MXL
XLIGSRXVSPPIVGPEWW&IJSVI[IGVIEXIXLIRMFPIXvWUYMGOP]EHHXLISYXPIXJSVXLIPEFIP%HH
XLIJSPPS[MRKGSHIXS(MWGPSWYVI(IXEMP'SRXVSPPIVL
MQTSVX 9-/MX9-/MXL"
$MRXIVJEGI(MWGPSWYVI(IXEMP'SRXVSPPIV9-:MI['SRXVSPPIV_
-&3YXPIX9-0EFIPPEFIP
277XVMRKQIWWEKI
a
$TVSTIVX]RSREXSQMGVIXEMR9-0EFIPPEFIP
$TVSTIVX]RSREXSQMGVIXEMR277XVMRKQIWWEKI
$IRH
;L]TVE]XIPPEVI[IEHHMRKFSXLEPEFIPERHEWXVMRK#6IQIQFIVXLIGSRGITXSJPE^]PSEH
MRK#;IPPZMI[GSRXVSPPIVWHSPE^]PSEHMRK;LIR[IGVIEXISYVGSRXVSPPIVMX[SRvXPSEHMXW
RMFJMPIYRXMPMXEGXYEPP]KIXWHMWTPE]IH;LIRXLIGSRXVSPPIVMWTYWLIHSRXSXLIREZMKEXMSR
GSRXVSPPIVvWWXEGO[IGERvXGSYRXSRXLIVIFIMRKE

ZMI[(MH0SEH
XSQEREKISYVYTHEXIW
XLEXZMI[[SYPHSRP]KIXYTHEXIHXLIZIV]JMVWXXMQIXLI
(MWGPSWYVI(IXEMP'SRXVSPPIV
ZMI[
ETTIEVIH;LIR[ITMGOIHSYVWIGSRHJMRI4M\EVJPMGO[IvHWXMPPWIIXLIHIXEMPQIWWEKIJVSQXLI
JMVWXJMRI4M\EVJPMGOXV]WE]MRKXLEXXIRXMQIWJEWX2SXKSSH7MRGI
ZMI[;MPP%TTIEV
KIXWGEPPIH
IZIV]XMQIEZMI[MWEFSYXXSFIHVE[R[IvPPFIJMRIYWMRKMXJSVSYVYTHEXMRK
%HHXLIJSPPS[MRKGSHIXS(MWGPSWYVI(IXEMP'SRXVSPPIVQ
MQTSVX(MWGPSWYVI(IXEMP'SRXVSPPIVL
$MQTPIQIRXEXMSR(MWGPSWYVI(IXEMP'SRXVSPPIV
$W]RXLIWM^IPEFIP
$W]RXLIWM^IQIWWEKI
MHMRMX;MXL2MF2EQI277XVMRKRMF2EQI3V2MP
FYRHPI27&YRHPIRMF&YRHPI3V2MP_
MJWIPJ!?WYTIVMRMX;MXL2MF2EQIRMF2EQI3V2MP
FYRHPIRMF&YRHPI3V2MPA_
-RMXMEPM^EXMSRGSHI
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

a
VIXYVRWIPJ
a
ZSMHZMI[;MPP%TTIEV&330ERMQEXIH_
PEFIPXI\X!QIWWEKI
?WYTIVZMI[;MPP%TTIEVERMQEXIHA
a


',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

*SVXLMWI\EQTPISYVPMWXMWNYWXKSMRKXSWLS[ERYQFIVSJVS[WJVSQEREVVE]WS[I[MPPHIGPEVI
ER
27%VVE]
REQIH
PMWX
;IEPWSRIIHXSHIGPEVIERMRWXERGIZEVMEFPIXSLSPHSRIMRWXERGISJ
SYVGLMPHGSRXVSPPIV[LMGL[MPPTSMRXXSERMRWXERGISJXLI
(MWGPSWYVI(IXEMP'SRXVSPPIV
GPEWW
[INYWXFYMPX;IGSYPHEPPSGEXIERI[MRWXERGISJXLEXGSRXVSPPIVGPEWWIZIV]XMQIXLIYWIVXETW
EHIXEMPHMWGPSWYVIFYXXSRFYXMXvWQSVIIJJMGMIRXXSGVIEXISRIERHXLIROIITVIYWMRKMX1EOIXLI
JSPPS[MRKGLERKIWXS(MWGPSWYVI&YXXSR'SRXVSPPIVL
MQTSVX 9-/MX9-/MXL"
MQTSVX7IGSRH0IZIP:MI['SRXVSPPIVL
$GPEWW(MWGPSWYVI(IXEMP'SRXVSPPIV
$MRXIVJEGI(MWGPSWYVI&YXXSR'SRXVSPPIV9-:MI['SRXVSPPIV_
$MRXIVJEGI(MWGPSWYVI&YXXSR'SRXVSPPIV7IGSRH0IZIP:MI['SRXVSPPIV
 9-8EFPI:MI[(IPIKEXI9-8EFPI:MI[(EXE7SYVGI"_
27%VVE]PMWX
(MWGPSWYVI(IXEMP'SRXVSPPIVGLMPH'SRXVSPPIV
a
$TVSTIVX]RSREXSQMGVIXEMR27%VVE]PMWX
$IRH
2SXMGIXLEX[IHMHRvXHIGPEVIETVSTIVX]JSVXLI
GLMPH'SRXVSPPIV
;IEVIYWMRKXLMW
MRWXERGIZEVMEFPIMRXIVREPP]MRSYVGPEWWERHHSRvX[ERXXSI\TSWIMXXSSXLIVWWS[IHSRvX
EHZIVXMWIMXWI\MWXIRGIF]HIGPEVMRKETVSTIVX]

a
TVEKQEQEVO
TVEKQEQEVO8EFPI(EXE7SYVGI1IXLSHW
27-RXIKIVXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
RYQFIV3J6S[W-R7IGXMSR27-RXIKIVWIGXMSR_
VIXYVR?PMWXGSYRXA
a
9-8EFPI:MI['IPPXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
GIPP*SV6S[%X-RHI\4EXL27-RHI\4EXLMRHI\4EXL_
WXEXMG277XVMRK(MWGPSWYVI&YXXSR'IPP-HIRXMJMIV!
$(MWGPSWYVI&YXXSR'IPP-HIRXMJMIV
9-8EFPI:MI['IPPGIPP!?XEFPI:MI[HIUYIYI6IYWEFPI'IPP;MXL-HIRXMJMIV
(MWGPSWYVI&YXXSR'IPP-HIRXMJMIVA
MJGIPP!!RMP_
GIPP!???9-8EFPI:MI['IPPEPPSGAMRMX;MXL*VEQI'+6IGX>IVS
VIYWI-HIRXMJMIV(MWGPSWYVI&YXXSR'IPP-HIRXMJMIVA
EYXSVIPIEWIA
a
279-RXIKIVVS[!?MRHI\4EXLVS[A
277XVMRKVS[7XVMRK!?PMWXSFNIGX%X-RHI\VS[A
GIPPXI\X!VS[7XVMRK
?VS[7XVMRKVIPIEWIA
VIXYVRGIPP
a
TVEKQEQEVO
TVEKQEQEVO8EFPI(IPIKEXI1IXLSHW
9-8EFPI:MI['IPP%GGIWWSV]8]TIXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
EGGIWWSV]8]TI*SV6S[;MXL-RHI\4EXL27-RHI\4EXLMRHI\4EXL
_
VIXYVR9-8EFPI:MI['IPP%GGIWWSV](IXEMP(MWGPSWYVI&YXXSR

??9-%TTPMGEXMSRWLEVIH%TTPMGEXMSRAHIPIKEXIA
?HIPIKEXIREZ'SRXVSPPIVTYWL:MI['SRXVSPPIVGLMPH'SRXVSPPIV
ERMQEXIH=)7A
a
$IRH
&]RS[]SYWLSYPHFIJEMVP]GSQJSVXEFPI[MXLIZIV]XLMRKYTXSERHMRGPYHMRKXLIXLVII
HEXEWSYVGIQIXLSHW[INYWXEHHIH0IXvWPSSOEXSYVXLVIIRI[HIPIKEXIQIXLSHW
8LIJMVWXSRIMW
XEFPI:MI[EGGIWWSV]8]TI*SV6S[;MXL-RHI\4EXL
7MRGI[I[ERXIZIV]
VS[XSWLS[EHMWGPSWYVIFYXXSRXLMWQIXLSHVIXYVRW
9-8EFPI:MI['IPP%GGIWWSV](IXEMP
(MWGPSWYVI&YXXSR
MKRSVMRKXLITEWWIHMRTEVEQIXIVW;IGSYPHEPWSLEZIYWIH
MRHI\4EXL

XSPSSOEXXLIHEXEJSVXLMWVS[ERHLEHSYVGSHIVIXYVR
9-8EFPI:MI['IPP%GGIWWSV](IXEMP
(MWGPSWYVI&YXXSR
SRP]JSVVS[WXLEXEGXYEPP]LEHWSQIXLMRKXSHVMPPHS[RMRXS*SVVS[W
XLEXHMHRvX[IGSYPHLEZIVIXYVRIH
9-8EFPI:MI['IPP%GGIWWSV]2SRI
MRWXIEH[LMGL[SYPH
LEZIVIWYPXIHMREVS[[MXLSYXXLIHMWGPSWYVIFYXXSR7MRGI[IORS[XLEXEPPSJSYVVS[WGER
FIHVMPPIHMRXS[IvVIEFPIXSNYWXVIXYVRXLIWEQIZEPYIJSVIZIV]VS[
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

8LIWIGSRHQIXLSH
XEFPI:MI[HMH7IPIGX6S[%X-RHI\4EXL
[LMGLKIXWGEPPIH[LIR

QIXLSH
ZSMHZMI[(MH0SEH_
WIPJXMXPI!$6SSX0IZIP
271YXEFPI%VVE]EVVE]!??271YXEFPI%VVE]EPPSGAMRMXA
(MWGPSWYVI&YXXSR
(MWGPSWYVI&YXXSR'SRXVSPPIVHMWGPSWYVI&YXXSR'SRXVSPPIV!
??(MWGPSWYVI&YXXSR'SRXVSPPIVEPPSGA
MRMX;MXL7X]PI9-8EFPI:MI[7X]PI4PEMRA
HMWGPSWYVI&YXXSR'SRXVSPPIVXMXPI!$(MWGPSWYVI&YXXSRW
HMWGPSWYVI&YXXSR'SRXVSPPIVVS[-QEKI!?9 QEKI
MQEKI2EQIH$HMWGPSWYVI&YXXSR'SRXVSPPIV-GSRTRKA
?EVVE]EHH3FNIGXHMWGPSWYVI&YXXSR'SRXVSPPIVA
?HMWGPSWYVI&YXXSR'SRXVSPPIVVIPIEWIA
WIPJGSRXVSPPIVW!EVVE]
?EVVE]VIPIEWIA
?WYTIVZMI[(MH0SEHA
a
%PPXLEX[IvVIHSMRKMWGVIEXMRKERI[MRWXERGISJ
(MWGPSWYVI&YXXSR'SRXVSPPIV
;IWTIGMJ]
9-8EFPI:MI[7X]PI4PEMR
XSMRHMGEXIXLEX[I[ERXERMRHI\IHXEFPIRSXEKVSYTIHXEFPI
2I\X[IWIXXLIXMXPIERHXLIMQEKIXSSRISJXLITRKJMPIW[ILEH]SYEHHXS]SYVTVSNIGX
EHHXLIGSRXVSPPIVXSXLIEVVE]ERHVIPIEWIXLIGSRXVSPPIV9TEXXLIXSTSJXLIJMPI]SYvPPRIIH
XSEHHSRIPMRISJGSHIXSMQTSVXXLILIEHIVGPEWWJSVSYVRI[JMPI-RWIVXXLMWPMRIVMKLXEFSZI
XLI
$MQTPIQIRXEXMSR
HIGPEVEXMSR
MQTSVX(MWGPSWYVI&YXXSR'SRXVSPPIVL
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W


2SXMGIXLEX[LIR[IHVMPPHS[RXSXLIHIXEMPZMI[XLIXMXPIEKEMRGLERKIWEWHSIWXLIFEGO
FYXXSR[LMGLRS[XEOIWYWXSXLITVIZMSYWZMI[MRWXIEHSJXLIVSSXZMI[8LEXJMRMWLIWYTXLI
JMVWXZMI[GSRXVSPPIV(S]SYWIIRS[LS[XLIHIWMKR%TTPIYWIHLIVI[MXLXLIREZMKEXMSRGSR
XVSPPIVQEOIWMXTSWWMFPIXSFYMPH]SYVETTPMGEXMSRMRWQEPPGLYROW#8LEXvWTVIXX]GSSPMWRvXMX#
3YV7IGSRH7YFGSRXVSPPIV8LI'LIGOPMWX
8LIRI\XWIGSRHPIZIPZMI[[IvVIKSMRKXSMQTPIQIRXMWERSXLIVXEFPIZMI[FYXXLMWXMQI
[IvVIKSMRKXSYWIXLIEGGIWWSV]MGSRXSPIXXLIYWIVWIPIGXSRIERHSRP]SRIMXIQJVSQXLI
PMWX;IvPPYWIXLIEGGIWWSV]MGSRXSTPEGIEGLIGOQEVORI\XXSXLIGYVVIRXP]WIPIGXIHVS[ERH
[IvPPGLERKIXLIWIPIGXMSR[LIRXLIYWIVXSYGLIWERSXLIVVS[
7MRGIXLMWZMI[MWEXEFPIZMI[ERHMXLEWRSHIXEMPZMI[[IHSRvXRIIHERI[RMFFYX[IHS
RIIHXSGVIEXIERSXLIVWYFGPEWWSJ
7IGSRH0IZIP:MI['SRXVSPPIV
7IPIGXXLI'PEWWIWJSPHIV
MRXLI+VSYTW*MPIWTERIMR<GSHIERHXLIRTVIWW 2SVWIPIGX2I[*MPIJVSQXLI*MPI
QIRY7IPIGX'SGSE8SYGL'PEWWIWERHWIPIGXXLI9-:MI['SRXVSPPIVWYFGPEWWMGSR'PMGOXLI
2I\XFYXXSRERH[LIRTVSQTXIHJSVEREQIX]TI'LIGO0MWX'SRXVSPPIVQERHQEOIWYVIXLEX
XLILIEHIVJMPIMWGVIEXIHEW[IPP
-REHHMXMSRXSGLERKMRKXLIWYTIVGPEWWERHGSRJSVQMRKXSXLIX[STVSXSGSPW[IRIIHE[E]
XSOIITXVEGOSJ[LMGLVS[MWGYVVIRXP]WIPIGXIH;IvPPHIGPEVIER
27-RHI\4EXL
TVSTIVX]XS
XVEGOXLIPEWXVS[WIPIGXIH7MRKPIGPMGO'LIGO0MWX'SRXVSPPIVLERHEHHXLIJSPPS[MRK
MQTSVX 9-/MX9-/MXL"
MQTSVX7IGSRH0IZIP:MI['SRXVSPPIVL
$MRXIVJEGI'LIGO0MWX'SRXVSPPIV9-:MI['SRXVSPPIV_
$MRXIVJEGI'LIGO0MWX'SRXVSPPIV7IGSRH0IZIP:MI['SRXVSPPIV
 9-8EFPI:MI[(IPIKEXI9-8EFPI:MI[(EXE7SYVGI"_
27%VVE]PMWX
27-RHI\4EXLPEWX-RHI\4EXL

ZSMHHMH6IGIMZI1IQSV];EVRMRK_
?WYTIVHMH6IGIMZI1IQSV];EVRMRKA
a
TVEKQEQEVO
TVEKQEQEVO8EFPI(EXE7SYVGI1IXLSHW
27-RXIKIVXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
RYQFIV3J6S[W-R7IGXMSR27-RXIKIVWIGXMSR_
VIXYVR?PMWXGSYRXA
a
9-8EFPI:MI['IPPXEFPI:MI[9-8EFPI:MI[XEFPI:MI[
GIPP*SV6S[%X-RHI\4EXL27-RHI\4EXLMRHI\4EXL_
WXEXMG277XVMRK'LIGO1EVO'IPP-HIRXMJMIV!$'LIGO1EVO'IPP-HIRXMJMIV
9-8EFPI:MI['IPPGIPP!?XEFPI:MI[HIUYIYI6IYWEFPI'IPP;MXL-HIRXMJMIV
'LIGO1EVO'IPP-HIRXMJMIVA
MJGIPP!!RMP_
GIPP!???9-8EFPI:MI['IPPEPPSGAMRMX;MXL*VEQI'+6IGX>IVS
VIYWI-HIRXMJMIV'LIGO1EVO'IPP-HIRXMJMIVAEYXSVIPIEWIA
a
279-RXIKIVVS[!?MRHI\4EXLVS[A
279-RXIKIVSPH6S[!?PEWX-RHI\4EXLVS[A
',%48)6 2EZMKEXMSR'SRXVSPPIVWERH8EFPI:MI[W

GIPPXI\X!?PMWXSFNIGX%X-RHI\VS[A
GIPPEGGIWWSV]8]TI!VS[!!SPH6S[PEWX-RHI\4EXL!RMP#
9-8EFPI:MI['IPP%GGIWWSV]'LIGOQEVO9-8EFPI:MI['IPP%GGIWWSV]2SRI
VIXYVRGIPP
a
TVEKQEQEVO
TVEKQEQEVO8EFPI(IPIKEXI1IXLSHW
ZSMHXEFPI:MI[9-8EFPI:MI[XEFPI:MI[


279-RXIKIVVS[!?MRHI\4EXLVS[A
279-RXIKIVSPH6S[!?PEWX-RHI\4EXLVS[A
;IKVEFXLIZEPYIJSVXLMWVS[JVSQSYVEVVE]ERHEWWMKRMXXSXLIGIPPvWXMXPI
GIPPXI\X!?PMWXSFNIGX%X-RHI\VS[A
GIPPXI\X!VS[8MXPI
8LIR[IWIXXLIEGGIWWSV]XSWLS[IMXLIVEGLIGOQEVOSVRSXLMRKHITIRHMRKSR[LIXLIV
XLIX[SVS[WEVIXLIWEQI-RSXLIV[SVHWMJXLIVS[XLIXEFPIMWVIUYIWXMRKEGIPPJSVMWXLI
GYVVIRXP]WIPIGXIHVS[[IWIXXLIEGGIWWSV]MGSRXSFIEGLIGOQEVOSXLIV[MWI[IWIXMXXS
FIRSXLMRK2SXMGIXLEX[IEPWSGLIGO
PEWX-RHI\4EXL
XSQEOIWYVIMXvWRSX
RMP
;IHSXLMW
FIGEYWIE
RMP

PEWX-RHI\4EXL
MRHMGEXIWRSWIPIGXMSR,S[IZIVGEPPMRKXLI
VS[
QIXLSHSR
E
RMP
SFNIGX[MPPVIXYVRE

[LMGLMWEZEPMHVS[FYX[IHSRvX[ERXXSTYXEGLIGOQEVOSR
VS[[LIRMRVIEPMX]XLIVIMWRSWIPIGXMSR
GIPPEGGIWWSV]8]TI!VS[!!SPH6S[PEWX-RHI\4EXL!RMP#
9-8EFPI:MI['IPP%GGIWWSV]'LIGOQEVO
9-8EFPI:MI['IPP%GGIWWSV]2SRI