Quinton® Treadmill
by
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
HR ClubTrack Plus
HR ClubTrack Plus
Owner’s Manual
P/N 001-7166 Rev A
NAUTILUS ®
Be Strong.™
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
INTRODUCTION
NAUTILUS ®
INTRODUCTION
®
Thank you for purchasing the Quinton ® Treadmill by Nautilus, Inc.. For more than 30 years
Nautilus, Inc. has been producing the world’s finest fi tness equipment used in health clubs and
homes around the globe. We hope this product exceeds your expectations and is a valuable tool
for your facility.
Please carefully read through this manual to familiarize yourself with the operation of your new
treadmill. Doing so will help to insure that your users get the most out of your treadmill, enjoying
safe and effective workouts in the many miles ahead.
Nautilus, Inc.
World Headquarters
16400 SE Nautilus Drive
Vancouver, WA 98683
(800) NAUTILUS (800-628-8458)
nautilus.com
b
TABLE OF CONTENTS
Steps to Getting Started > > > > > > >39
Manual Program > > > > > > > > > > >15
Components of Fitness > > > > > > > >40
Custom Intervals Program > > > > > 16
Nutrition > > > > > > > > > > > > > > > >42
Heart Rate Zone Trainer Program > >17
Monitoring Your Intensity> > > > > > >43
HR Intervals Program> > > > > > > > >19
Console Codes > > > > > > > > > > > > >47
Fat Burner Program> > > > > > > > > >20
Default and Custom Codes > > > > > >47
Calorie Burner Program > > > > > > >21
Machine Status Codes > > > > > > > >49
Magnetic Safety Stop > > > > > > > > 7
Distance Goal > > > > > > > > > > > > >22
Diagnostic Codes > > > > > > > > > > >49
Magnetic Safety Stop
Deactivation > > > > > > > > > > > > > 7
Calorie Goal > > > > > > > > > > > > > >22
Maintenance > > > > > > > > > > > > > >51
Random Play Program > > > > > > > >23
Cleaning and Inspecting > > > > > > >52
Nautilus Fit Test Program> > > > > > >24
Tensioning and Tracking
Walking Belt> > > > > > > > > > > > > >53
Installation & Operation> > > > > > > > > 4
Receiving and Installation > > > > > > 4
Turning On the Power > > > > > > > > 6
Understanding the Display
and Controls > > > > > > > > > > > > > 7
Limited Access Control > > > > > > > 7
Getting Started > > > > > > > > > > > > > 9
Guidelines For Getting On
and Off the Treadmill > > > > > > > > > 9
Workout Program Options > > > > > > >34
Treadmill Display Definitions > > > > > >10
Heart Rate Monitoring > > > > > > > > >36
Moving and Storing> > > > > > > > > >53
Telemetry Heart Rate > > > > > > > > >36
Treadmill Key Functions > > > > > > > >11
Workout Program Overview > > > > > >13
NAUTILUS ®
Quick Start Program > > > > > > > > >14
TABLE OF CONTENTS
Safety Requirements > > > > > > > > > > 2
Maintaining the Transmitter Belt> > >36
Warranty Information > > > > > > > > > >56
Contacting Nautilus > > > > > > > > > > >57
Heart Rate Priority > > > > > > > > > > >37
Workout Program Keypad > > > > > >13
Exercise & Fitness Guidelines > > > > >38
1
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
GENERAL GUIDELINES FOR SAFE OPERATION
NAUTILUS ®
SAFETY REQUIREMENTS
®
1. Obtain a complete physical examination from your medical

WARNING
THESE GUIDELINES ARE DIRECTED TO
YOU, AS THE OWNER OF THE MACHINE
YOU SHOULD INSIST THAT ALL USERS FOLLOW THE
SAME GUIDELINES. YOU SHOULD MAKE THIS MANUAL
AVAILABLE TO ALL USERS.

WARNING
Do not begin an exercise program without
first consulting a physician.

WARNING
If at any time during your workout you feel
chest pain, experience severe muscular
discomfort, feel faint, or are short of breath, stop exercising
immediately. If the condition persists, you should consult
your medical doctor immediately.

WARNING
Secure long hair and loose clothing
before use.
doctor and enlist a health/fi tness professional’s aid in
developing an exercise program suitable for your current
health status.
2. When working out for the first time, use the MANUAL
exercise program at the lower levels until you feel comfortable
and capable of higher workloads.
3. The intensity and duration of your exercise program should
always be subject to how you feel. Never permit peer pressure
to override your personal judgment while exercising.
4. Overweight or severely de-conditioned individuals should be
particularly cautious when using the machine for the first
time. Even though such individuals may not have histories of
serious physical problems, they may perceive the exercise to
be far less intense than it really is, resulting in the possibility
of overexertion or injury.
5. Although all equipment manufactured by Nautilus, Inc. has
been thoroughly inspected by the manufacturing facility prior
to shipment, proper installation and regular maintenance are
required to ensure safety. Maintenance is the sole responsibility
of the owner.
2
SAFETY REQUIREMENTS – SAVE THESE INSTRUCTIONS
IMPORTANT SAFETY INSTRUCTIONS
The following definitions apply to the words “Danger” and
“Warning” found throughout this manual:

DANGER
receptacle for signs of damage. Do not operate the
equipment if the integrity of this item is in question.
7. To avoid potential safety and electrical problems, replace
with manufacturers’ specified parts only.
8. This equipment is classified Class I, Type B, ordinary
equipment. Not protected against fluid ingress. Rated for
Used to call attention to immediate hazards
which, if not avoided, will result in immediate,
serious personal injury or loss of life.
Used to call attention to potential hazards that
could result in personal injury or loss of life.
continuous operation. Do not operate this equipment in the
presence of flammable anesthetic mixtures.
9. Do not let liquid enter the controller. If it does, the controller
must be inspected and tested for safety by an approved
technician before it can be used again.
READ ALL INSTRUCTIONS BEFORE
USING THE MACHINE.

DANGER To reduce the risk of electrical shock, always
unplug the external power supply from the electrical outlet
before cleaning, maintaining, or repairing.

WARNING To reduce the risk of burns, electric shock, or
injury to persons: Read this manual in full before operating
the treadmill. Failure to follow these guidelines can produce a
serious or possibly fatal electrical shock hazard or other serious
injury. Consult a qualified electrician as required.
NAUTILUS ®

WARNING
6. Before each use of this equipment, check the power
SAFETY REQUIREMENTS
When using electrical equipment, always follow these
basic precautions:
10. Increased risk due to leakage current can result if this
equipment is not grounded properly.
11. The treadmill must be on an appropriate, dedicated electrical
circuit. Nothing else should be connected to the circuit.
12. Do not stand on treadmill hood or front trim cover.
13. Close supervision is necessary whenever the machine is
used by or near children, invalids, or disabled persons.
Failure to follow the conditions set forth below shall limit, to the
extent allowed by law, Nautilus Inc. responsibility for the safety,
reliability, and performance of this equipment.
•
1. The controller Stop Key does not turn off the electrical
The operator manual must be read in full by each owner
and trainer before the product is first used. Each user
current to the treadmill. The treadmill continues to draw
must be instructed in the proper use of the treadmill and
power, even when the controller is off. To avoid electric
its accessories.
shock, do not remove treadmill hood or place hands
beneath the treadmill while the treadmill is plugged into
Do not remove the treadmill hood: dangerous voltages are
a power source.
present. Components are serviceable only by qualified
service personnel.
2. Do not start the treadmill when someone else is
standing on the belt.
•
electrical installation of the treadmill must comply with the
3. Keep speed and incline at the lowest settings when someone
applicable local or provincial requirements.
is getting on and off the treadmill.
4. Keep the area underneath and around the treadmill clear.
The electrical wiring within the treadmill setting and the
•
The equipment must be used in accordance with the
instructions for use.
5. Never position the treadmill with the back end (direction
of belt travel) facing a wall or any other objects such as
•
For further information or instruction on use, maintenance
furniture or other pieces of fi tness equipment. Failure to do
or specifications, please contact your Authorized Nautilus ®
so can prevent safe exit of the treadmill in an emergency
Fitness Dealer or Service Technician.
situation such as falling. Allow a minimum of four feet behind
the treadmill and any objects.
3
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
SAFETY REQUIREMENTS
®
INSTALLATION & OPERATION
Receiving
When the carrier delivers your order, verify that the number of items received
equals the number listed on the freight bill or express receipt.
Inspect the containers for damage. Itemize discrepancies and damage on the
waybill and have the agent sign it. Failure to describe external evidence of loss
adequately may result in the carrier refusing to honor your claim. Do not discard
the packing materials until you have verified physical condition and proper
operation.
Installation Notice
The treadmill and controller must be installed correctly before being used.
Nautilus, Inc. recommends that you contact your treadmill dealer or sales
representative when your equipment arrives. The representative will help
unpack, install, and demonstrate it to ensure that:
• equipment is free from shipping damage.
• the treadmill is connected correctly to the appropriate AC power source.
• installation and operation are in accordance with Nautilus, Inc. standards.
Incorrect installation by unauthorized personnel can lead to equipment damage
and may void the warranty.

WA R N I N G
The treadmill must be on a dedicated branch circuit.
No other device should be connected to that circuit.
Excessive risk current (leakage) can result if the equipment is not properly
grounded.
Failure to follow these guidelines will produce a serious or possibly fatal
electrical shock hazard. Consult a qualified electrician as required.
Site Requirements
The treadmill requires a dedicated AC power line. To ensure electrical safety,
the treadmill is equipped with a three-wire power cord and three-pronged
plug. To maintain ground reliability, the plug must be connected to an equivalent
receptacle.
The treadmill is designed to operate in a typical fi tness environment with
adequate heat dissipation (1850 Watts maximum). Place the treadmill on a flat
surface, free of moisture and debris. Maintain a minimum clearance of 1.5 feet
on each side and 6 feet at the rear.
4
INSTALLATION & OPERATION
If you choose to install your treadmill without the assistance of your Nautilus,
Inc. representative, follow the procedure given below:
Tools:
• Phillips screwdriver (12 in length preferable)
• small flat-blade screwdriver
• 1/2-in hex socket wrench, torque wrench if available.
Align holes
(both sides)
Lift to upright
position
1. Grasp the controller uprights and pivot into position (Figure 1).
NAUTILUS ®
2. Align the holes in the base of the uprights with the holes in the upright
brackets; there are three holes in the bracket (Figure 1a). Fasten the
uprights into place with the hardware supplied with the treadmill: 5/16” -18 x
7/23” hex bolt, 5/16” lock washer, and 5/16” flat washer.
SAFETY REQUIREMENTS
Installation
Figure 1
3. Tighten each bolt securely with the 1/2” socket wrench. Tighten to 200 in/lb.
Do not overtighten.
4. Remove the treadmill hood and hood cover from the two boxes. Position the
hood on the treadmill deck and tilt as shown (Figure 2).
5. Slide the hood forward while holding it in the tilted position. (Spread the
hood apart slightly to clear the upright.)
Figure 1a
6. Lower the hood, aligning the slots in the bottom of the hood with
the screws in the side rails.
7. With the screws engaged in the slots, slide the hood forward
approximately 1/2” and tighten it in place.
Front
8. Align the two holes inside the front of the hood with the holes in
end cap
the side rail. Install a star washer onto the two 1/4” -20 x 1” in Phillipshead screws supplied with the treadmill, then use the screw to fasten
the hood to the frame.
Engage keyhole slots with
hold-down screws here
Due to regulatory requirements in some countries, your treadmill may
have a grounding bracket attached to each upright. Use the two #10
self tapping screws provided to connect the brackets to the treadmill hood.
Tilt, then
slide forward.
Keyhole slots
on this end
Figure 2
9. To install the hood cover, place the cover over the tab on the
hood (Figure 3).
10. Lower the hood cover to align the three screw holes at the
bottom of the cover. Fasten the cover using the three 1/4” - 20
x 7/8” button head screws, flat washers, and star washers
supplied. To ensure proper grounding, stack the hardware so
that the star washer is against the hood cover.
11. Align the holes in the hood with those in the hood cover.
Install three #8 black Phillips screws and tighten securely.
Figure 3
5
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
SAFETY REQUIREMENTS
®
INSTALLATION & OPERATION
12. Install the four #10 screws and external star washers in the front of the
hood cover to secure it to the power input plate.
13. Install the two front-end caps (included) on the front ends of the treadmill
frame (Figure 2).
14. Verify that the voltage for the power source matches the voltage on the
nameplate on the front of the treadmill hood, then plug in the power cord.
15. To connect the treadmill to a computer, plug an RJ-45 telephone cable
into the serial connector on the rear panel of the controller, then into the input
connector on the computer.
Turning On the Power
The circuit breaker on the front of the treadmill hood controls the power to
the treadmill. The circuit breaker must be set to ON for the treadmill to run.

IMPORTANT
Turn off treadmill circuit breaker before
connecting or disconnecting treadmill to outlet.
Testing the Treadmill and Controller
1. Test all operational functions, including speed, grade, timer, heart rate
control, intervals, parameters, all limit controls, and serial communication.
2. With the power switch set to ON and the console display at the opening
message, "Nautilus Cardio", press the Quick Start key. Verify that the
treadmill accelerates gradually to minimum speed.
4. Press and hold the Incline Down key until the treadmill reaches zero grade.
5. Press the Speed Up key until the treadmill is running at maximum speed and
grade.
6. Let the treadmill run for 15 minutes.
7. Watch the walking belt carefully to ensure that it does not drift left or right.
Listen for unusual noises, such as squeals or squeaks.
8. Walk on the moving belt and verify proper operation at representative
speeds and grades. If the walk belt slips, but the front roller turns, adjust the
walk belt tension.
9. Check operating limit controls (access, time, speed).
10. Check menu displays and functionality.
10. When the test is finished,
6
INSTALLATION & OPERATION
a. Press Incline Down Arrow until the treadmill is at zero grade.
If the treadmill does not run smoothly, contact your Nautilus, Inc. sales
representative before using it.
Understanding the Display and Controls
Limited Access Control/Magnetic Safety Stop
NAUTILUS ®
The treadmill display is a computerized panel used to operate the treadmill and
see all workout data and operational status. You should familiarize yourself with
the operation of the treadmill and the location of all keys before beginning use.
SAFETY REQUIREMENTS
b. Press Stop.
Limited-access control lets you restrict treadmill use to authorized personnel.
It also lets you stop the treadmill in an emergency. The magnetically-activated
control is located on the bottom of the display as shown. The limited-access
control is deactivated on machines shipped from the factory.
Magnetic Safety Stop Activation
To activate the limited-access control and restrict access, place the magnetic
safety stop cord supplied with the treadmill in the designated area located
below the display.
The magnet will activate the control. If you remove the key, the treadmill belt will
stop and the controller will not respond to any key presses. Accumulated values
will remain on the display until you turn off the power, or press [Clear].
The console will display a message, REPLACE MAGNET when you remove the
magnetic key from its designated area. You must replace the key or deactivate
the control to start the walk belt.
Magnetic Safety Stop Deactivation
To deactivate the Safety Stop Cord and permit unrestricted access of the
treadmill follow the steps below.
1. With the magnet key in place and the display at the opening message,
SELECT WORKOUT, or, if the magnet key is removed and the display reads,
REPLACE MAGNET, press [Speed UP], [3], [ENTER]. The display will read
“CUSTOMIZE”. Use the [Speed UP] or [Speed DOWN] keys to scroll through
the options until the console displays ENABLE MAGKEY.
2. Press [ENTER], and the display will either read ON or OFF. Press [SPEED
+] or [SPEED -] to toggle between ON and OFF. With OFF displayed, press
7
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
®
INSTALLATION & OPERATION
NAUTILUS ®
INSTALLATION
[ENTER] to select OFF.
3. The display will show UPDATING for a few seconds, then display the
OFF setting.
4. Next, turn off the power to the treadmill from the circuit breaker switch. The
circuit breaker switch is located on the bottom front panel of the treadmill.
5. With the power to the treadmill off, remove the magnet key. Then, turn the
power to the treadmill back ON at the circuit breaker switch.
6. The display will show the SELECT WORKOUT screen. The limited access
control remains inactive, granting unrestricted access, until you turn the
magnetic key option back on, or place the magnet back in its designated area.

IMPORTANT If at any time the safety key is put back in place THE
SAFETY CORD FEATURE REACTIVATES AUTOMATICALLY and must be turned
off again using the above steps.
Emergency
Stop
Magnet
8
GETTING STARTED
Guidelines For Getting On and Off the Treadmill
GETTING STARTED
Instruct each user in the following guidelines for getting on and off the
treadmill.
1. The walking belt should be moving at minimum speed before the user steps
onto the treadmill.
2. Stand next to the treadmill and place both hands on the front handrail.
4. (Optional) To get the feel of the moving belt place the foot nearest the
treadmill on the walking belt and let it move backwards. Lift it and repeat
several times until comfortable with the treadmill speed.
Attach magnetic safety cord onto
clothing as shown.
NAUTILUS ®
3. Straddle the walking belt or step onto the side of the deck. Step onto the
moving belt and begin walking.
5. When walking comfortably on the treadmill, let go of the handrail.
6. While walking on the treadmill:
•
Face forward. Avoid looking down at the walking belt.
•
Maintain speed by keeping a consistent distance from the handrail.
•
Adjust the speed and incline as desired. Hold the handrail as the speed
and incline change.
7. Before stepping off the treadmill, place one hand on the handrail, wait for the
belt to stop, then step off.
9
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
®
TREADMILL DISPLAY FUNCTIONS
NAUTILUS ®
DISPLAY FUNCTIONS
Treadmill Display Functions
The following describes the display functions and specifications for the
Quinton® Treadmill by Nautilus - HR ClubTrack Plus.
Incline — The treadmill incline is displayed in percentage of elevation. The HR
ClubTrack ® Plus Treadmill has an incline range of 0 to 15%.
Time — The selected workout time is displayed in the upper left section of the
display window. In most of the workouts, the timer will count down, in minutes
and seconds, until the workout is finished or stopped. If (0) is entered in the
(MANUAL) or (HR ZONE TRAINER) workout, the timer will count up.
Interval Time — The interval time is displayed in the lower display, upper left
area. The interval timer counts down the remaining time within each interval.
Speed — The treadmill speed is displayed in miles per hour (or kilometers per
hour). HR ClubTrack ® Plus Treadmill has a speed operation range of 0.5 mph to 12
mph (0.8 kph to 19.2 kph).
Heart Rate — Current heart rate is displayed next to the heart icon, in beats per
minute, in the lower display, upper right area.
Percentage of Maximum Heart Rate — An approximation of maximal heart
rate is calculated based on the latest American College of Sports Medicine
predictive equation.
See the Heart Training programs starting on page 15 for more information.
Distance — Provides a cumulative total of the equivalent distance, in miles (or
kilometers if your display is set to metric units), you have traveled.
Calories — Provides a current total of the number of calories burned during
a workout. Note: this number is only an approximation as a user’s caloric
expenditure will vary significantly based on a persons age, gender, weight
and metabolism.
Calories/Hour — Provides the rate at which calories are burned per hour at the
current speed and incline.
Pace — Displays the walking/running pace in minutes per mile (or minutes per
kilometer), or the time it will take you to complete one mile (or one kilometer)
at your current rate. Pace is shown in the top text line.
Watts — During a workout, this statistic displays the power output at the
10
TREADMILL DISPLAY FUNCTIONS
current speed and incline, displayed in watts (746 watts = 1 hp).
Workout Profile — The dot-matrix area of the display shows the actual
course profile of the selected exercise program. The taller the column, the
higher the incline and/or speed for that interval. The flashing column shows
your current interval.
NAUTILUS ®
Treadmill Display Definitions
00:01
00:02
00:03
00:04
DISPLAY FUNCTIONS
METs — Gives you the relative energy cost of exercise. MET stands for
multiples of the resting metabolic rate. While you are sitting quietly, your body
consumes oxygen at the rate of about 3.5 milliliters per kilogram of body mass
per minute. When you exercise, your body needs more oxygen in order to
function. For example, exercising at 10 METs requires ten times the resting rate
of oxygen consumption, or about 35 milliliters per kilogram per minute. During a
workout, the display shows the current MET level. During the workout summary,
the average MET level is displayed.
Display LOCK / UNLOCK - Statistics Key — During the exercise program, the
Display LOCK / UNLOCK key is used to track workout statistics which are
shown in the text line of the display window. When a workout is started, the
display is in an unlocked mode and the various exercise statistics will scroll
in order. Press the [DISPLAY] key once to turn off the scan feature and
show the current statistic in the display window. Press the [DISPLAY] key
a second time and the scan feature will turn back on to scroll through the
different statistics.
When in the Display Unlock mode, the console will cycle through the
following statistics in order: Distance, Calories/Hour, Watts, METs, Target
Heart Rate.
At the completion of a workout, the statistic averages are calculated based
on the accumulation of data during the workout program..
Quick Start Key — The Quick Start Key provides an immediate start to a
workout session without having to provide any user information.
Stop Key — Press the STOP Key any time you want to pause the workout
program for up to one minute. Press the STOP Key a second time, or press (1),
and the workout statistics will be displayed, then the console will return to the
“SELECT WORKOUT” prompt.
Numeric Keypad (0-9) — The numeric keypad is located on the right side of
the console. During program setup, this keypad allows you to quickly enter
requested information such as time, age, speed, incline , weight, and heart rate.
11
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
DISPLAY DEFINITIONS
®
TREADMILL DISPLAY DEFINITIONS
Enter – The ENTER Key confirms workout selections and stores the information
used by the console to calculate workout statistics.
Clear – During data entry, the CLEAR Key erases information from the console
memory and backs up to the previous data entry prompt.
Incline Up & Down Keys — The treadmill incline may be changed at any time
during a workout. Pressing the INCLINE UP key increases the incline and
pressing the INCLINE DOWN key decreases the incline. The treadmill incline
increases or decreases by increments of 0.5%.
Speed Faster & Slower Key — The treadmill belt speed may be changed at
any time during a workout. Pressing the SPEED DOWN Key decreases the belt
speed and pressing the SPEED UP key increases the belt speed. The belt speed
increases or decreases by increments of 0.1 MPH (0.15 KM/H).

IMPORTANT It is important to know that the speed change up or
down is not immediate. Speed will gradually increase or decrease so be sure
to allow the treadmill to adjust to a new speed before changing again to avoid
overshooting your desired speed.
12
WORKOUT PROGRAM OVERVIEW
Workout Programs
When entering data, the user can select the standard default values by pressing
[ENTER] at the display prompt without first typing data. This will set up the
console with the following default data:
•
Weight – 175 lbs.
•
Speed – 2.0 mph in Fat Burner, Calorie Burner or HR Zone Trainer. 1.0
mph in Manual.
•
Age (HR Zone Trainer program only) – 40 years
•
Workout Time – The default time in the programmed workouts and Quick
Start is 20 minutes. The Manual and HR Zone Trainer programs do not
have a specified default time. In this program, the console timer will
count up to the maximum time of 99 minutes.
NAUTILUS ®
While the console is in the SELECT WORKOUT mode, press the treadmill
workout key to preview the desired workout. After selecting the desired
workout, simply follow the prompts to enter the required user data for
that program.
The Quinton® Treadmill by
Nautilus - HR ClubTrack
Plus has a wide variety of
programming options with
a great amount of flexibility
to allow anyone of
any fitness level to use.
KEY FUNCTIONS
The workout program keypad is located to the left of the display. There are six
workout program keys, including a More Workouts key with multiple advanced
program options.
Program Overview
Once you have selected a program, follow the console prompts.
•
ENTER BODY WEIGHT – type in your body weight in pounds (or kilograms
if your console is set to metric units).
•
ENTER SPEED – type in your desired speed. The HR ClubTrack ® Plus
Treadmill has a speed range of 0.5 mph – 12 mph.
•
ENTER TIME 5 - 99 – select the workout duration in one minute
increments from five to 99.
13
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
QUICK START PROGRAM
®
QUICK START PROGRAM
The Quick Start Feature
Provides an immediate start from the intro display, without having to enter any
user information. This program uses the standard default settings to calculate
calories burned during a workout session.
To use the Quick Start program:
1. Press the [QUICK START] key. A message, ENJOY WORKOUT is displayed,
the workout begins with exercise statistics accumulating.
2. During the workout:
•
Speed may be changed at any time during the workout by pressing the
[SPEED UP] key to increase the speed, or the [SPEED DOWN] key to
decrease the speed. The new speed will continue through the rest of the
workout until changed using the Speed keys.
•
Incline may be changed at any time during the workout by pressing the
[Incline: UP] key to increase the incline, or the [Incline: DOWN] key to
decrease the incline. The new incline will continue through the rest of
the workout until changed using the Incline keys.
3. Press [STOP] to pause the workout. Press [STOP] again to end the
workout. The workout statistics will be displayed, and then the console
will revert back to the SELECT WORKOUT message.
14
MANUAL PROGRAM
The Manual Program
MANUAL PROGRAM
The Manual Program allows you to control the speed and incline of the treadmill during the workout, while
accurately calculating exercise statistics based on your weight. The default speed is 1.0 mph unless changed
during the data entry mode. The incline is 0%. The workout profile in the display window is divided into 30
equal intervals within the selected workout time. The profile is based on the MET level, with every 1 MET
equating to one vertical bar. MET level is based on a combination of incline and speed.
To use the Manual program:
2. The console will display ENTER WEIGHT - LBS (or ENTER WEIGHT – KG if in Metric mode). Enter your
weight using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
•
NAUTILUS ®
1. Press the [MANUAL] key. The message, MANUAL WORKOUT will be displayed in the text line and the
workout profile displayed in the lower display.
Your weight is used to calculate the number of calories burned for each minute of exercise and the total
number of calories burned for the exercise session.
3. The console will display ENTER SPEED - MPH ( or ENTER SPEED – KMH if in Metric mode). Enter the
desired speed using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default
value.
4. Next, the console will display ENTER TIME 5 – 99. Enter the desired time and press [ENTER]. Or, press
[ENTER] to select the default time.
If you press [0], then the timer will count-up from 0:00 to the maximum time of 99:00.
5. The console will display ENJOY WORKOUT and the timer will begin.
•
Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the
speed, or the [SPEED DOWN] key to decrease the speed. The new speed will continue through the rest
of the workout until changed using the Speed keys.
•
Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the
incline, or the [Incline: DOWN] key to decrease the incline. The new incline will continue through the
rest of the workout until changed using the Incline keys.
6. Press [STOP] to end the workout. The workout statistics will be displayed, and then the console will
revert back to the SELECT WORKOUT message.
15
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
CUSTOM INTERVALS
®
CUSTOM INTERVALS PROGRAM
The Custom Intervals Program
In the Custom Intervals workout, users can create a custom interval program by entering Rest Speed and Time,
Work Speed and Time, and total # of intervals.
To use the Custom Intervals Program:
1. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “CUSTOM INTERVALS”, press [ENTER] to accept.
2. The console will then display “ENTER WEIGHT – LBS” (or “ENTER WEIGHT – KG” if in Metric mode). Enter
your weight using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the default value.
3. The console will display “ENTER WORK SPEED – MPH” (or “ENTER WORK SPEED – KMH” if in Metric mode).
Enter the desired work speed using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the
default value.
4. The console will then display “ENTER WORK TIME”. Enter the desired time up to 9:59 and press (ENTER). Or,
press [ENTER] to accept the default value.
5. The console will display “ENTER REST SPEED - MPH” (or “ENTER REST SPEED – KMH” if in Metric mode).
Enter the desired rest speed using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the
default value.
6. The console will then display “ENTER REST TIME”. Enter the desired time up to 9:59 and press (ENTER). Or,
press [ENTER] to accept the default value.
7. The console will display “# OF INTERVALS”. Enter the desired number of intervals, up to 15, using the numeric
keypad and press (ENTER). Or, press [ENTER] to accept the default value.
8. The console will display “ENJOY WORKOUT” and the timer will begin.
• Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the
resistance, or the [SPEED DOWN] key to decrease the speed. Any changes to the speed will only change the
speed in the current rest or work phase. To change the speed of the work phase, you must change the speed
during a work phase. To change the speed of the rest phase, you must change the speed during a rest phase.
Changing the speed will not change the look of the remaining profile; however, the new speed will continue
through the rest of the workout.
• Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the
incline, or the [Incline: DOWN] key to decrease the incline. Any changes to the incline will only change the
16
HEART RATE (HR) ZONE TRAINER PROGRAM
Heart Rate (HR) Zone Trainer Program
 User should consult a physician to determine an appropriate target heart rate in which to
WARNING exercise in based on age, weight and physical condition. While Nautilus provides some
The Heart Rate Zone Trainer program allows you to exercise at a selected target heart rate by automatically
varying the intensity level (speed or incline) during the workout. The default target heart rate is equal to 70% of
your maximum heart rate which is calculated by the following equation: Max HR = 215 – (.75 * Age). Target HR
= Max HR * .7. To choose a different target heart rate (between 100 and 180 beats per minute) at any time during
the workout, use the numeric keypad to enter the new target heart rate, followed by the [ENTER] key.
NAUTILUS ®
target heart rate ranges, these are only approximations and should not be viewed as a medical
recommendation.
HEART RATE ZONE TRAINER
incline in the current rest or work phase. To change the incline of the work phase, you must change the incline
during a work phase. To change the incline of the rest phase, you must change the incline during a rest phase.
Changing the incline will not change the look of the remaining profile; however, the new incline will continue
through the rest of the workout.
To use the HR Zone Trainer program:
1. For best results, use a telemetry heart rate chest belt. However, you can also use the contact HR grips located
on the ergo bar in front of the console. If you use contact HR, speed will be limited to a maximum of 4.5 mph.
Further, HR Control will be limited to Incline changes only.
If you are using the telemetry HR method, put the chest strap on. Remember to wet the electrodes underneath
the chest strap. The console must detect a heart rate signal to allow selection of the HR Zone Trainer program.
If you will be using contact HR, then place your hands on the contact HR grips below the console.
2. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “HR ZONE TRAINER”, press [ENTER] to accept.
3. The console will display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter your
weight using the numeric keypad and press [ENTER].
Or, press [ENTER] to accept the default value.
• Your weight is used to calculate the number of calories burned for each minute of exercise and the total number
of calories burned for the exercise session.
4. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
17
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
®
HEART RATE (HR) ZONE TRAINER PROGRAM
NAUTILUS ®
HR ZT PROGRAM
Or, press [ENTER] to accept the default value of 40 years old.
5. The console will display “TARGET HR.” A suggested target heart rate will be displayed, based on your age.
Press [ENTER] to accept the calculated target heart rate, or enter a different target heart rate using the numeric
keypad and then press [ENTER].
Or, press [ENTER] to accept the default value.
The target heart rate selected by the console is based on age, and is equal to 70% of your maximum heart rate
which is calculated by the following equation: Max HR = 215 – (.75 * Age). Target HR = Max HR * .7. If desired,
change the target heart rate at this point by using the numeric keypad to enter the new target heart rate, and
then press [ENTER].
•During a workout, change to a new target heart rate that is between 100 and 180 beats per minute at any time
during a workout by using the numeric keypad to enter the new target heart rate, and then pressing [ENTER].
7. The console will display “ENTER SPEED – MPH” or (“ENTER SPEED – KMH” if in Metric mode). Enter the
desired speed using the numeric keypad and press (ENTER). Or, press “ENTER” to accept the default value.
8. The console will display “HR CONTROL MODE, 1 – SPEED, 2 – INCLINE” (only when using telemetry HR – if
using contact HR, skip to step 9). Enter the desired form of HR Control by pressing 1 for SPEED or 2 for INCLINE.
Or, press (ENTER) to accept the default value. If contact HR is being used, then this message is skipped and
INCLINE control is automatically selected.
9. The console will display “ENTER TIME 5-99.” Enter the desired time and press [ENTER]. Or, press [ENTER] to
accept the default value.
10. The console will display “ENJOY WORKOUT” and the timer will begin.
The following messages may be displayed during a workout:
•“CHECK HR BELT” - Indicates that the telemetry heart rate signal has been missing for the last 30 seconds.
•“HOLD HR SENSORS” – Indicates that the contact heart rate signal has been missing for the last 30 seconds.
•“HR BELT NEEDED” – No telemetry belt signal has been sensed during the initial setup time.
•“HR MODE DISABLED” – No heart rate signal is allowed due to the set up option that was chosen. Heart rate
monitoring is not possible. To change HR option, refer to the HR Priority section of this manual.
To change your target heart rate during the workout:
18
HR INTERVALS PROGRAM
11. Press [STOP] to end the workout. The workout statistics will be displayed, and then the console will revert
back to the “SELECT WORKOUT” message.
HR Intervals Program
NAUTILUS ®
The HR Intervals program allows the user to define an exercise Target HR, time at exercise Target HR, rest Target
HR, time at rest Target HR and total exercise time. This program will change the intensity level by increasing or
decreasing the speed or incline to keep the user in their defined Target HR zones.
HR INTERVALS PROGRAM
•To change your target heart rate during the workout, use the numeric keypad to enter the desired target heart
rate and press ENTER to accept. The new target heart rate will be used and the intensity level will change
automatically to achieve the new target heart rate.
To use the HR Intervals Program:
1. Press the MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “HR INTERVALS”, press [ENTER] to accept.
2. The console will then display “ENTER WEIGHT – LBS” (or “ENTER WEIGHT – KG” if in Metric mode). Enter
your weight using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the default value.
3. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad. Or, press [ENTER] to
accept the default value of 40 years old.
4. The console will then display “ENTER WORK TARGET HR”. Enter the desired Target HR using the numeric
keypad and press (ENTER). Or, press [ENTER] to accept the default value.
5. The console will display “WORK TARGET HR.” A suggested target heart rate will be displayed, based on your
age. Press [ENTER] to accept the calculated target heart rate, or enter a different target heart rate using the
numeric keypad and then press [ENTER].
Or, press [ENTER] to accept the default value.
•The target heart rate selected by the console is based on age, and is equal to 80% of your maximum heart rate
which is calculated by the following equation: Max HR = 215 – (.75 * Age). Target HR = Max HR * .8. If desired,
change the target heart rate at this point by using the numeric keypad to enter the new target heart rate, and
then press [ENTER].
•During a workout, change to a new target heart rate that is between 100 and 180 beats per minute at any time
by using the numeric keypad to enter the new target heart rate, and then pressing [ENTER].
6. The console will display “ENTER WORK TIME”. This is the amount of time you want to exercise in the work
19
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
FAT BURNER PROGRAM
NAUTILUS ®
FAT BURNER PROGRAM
®
target heart rate zone. Entire desired work time using the numeric keypad and press (ENTER). Or, press (ENTER)
to accept the default value.
7. The console will then display “REST TARGET HR”. A suggested target heart rate will be displayed, based on
your age. Press (ENTER) to accept the calculated target heart rate, or enter a different target heart rate using the
numeric keypad and then press (ENTER). Or, press (ENTER) to accept the default value.
The target heart rate selected by the console is based on age, and is equal to 65% of your maximum heart rate
which is calculated by the following equation: Max HR = 215 – (.75 * Age). Target HR = Max HR * .65. If desired,
change the target heart rate at this point by using the numeric keypad to enter the new target heart rate, and then
press [ENTER].
9. The console will display “ENTER REST TIME”. This is the amount of time you want to exercise in the rest target
heart rate zone. Enter desired rest time using the numeric keypad and press (ENTER). Or press (ENTER) to accept
the default value.
10. The console will display “ENTER SPEED – MPH” (or “ENTER SPEED – KMH” if in Metric mode). Enter the
desired speed using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the default value.
11. The console will display “HR CONTROL MODE, 1 – SPEED, 2 – INCLINE”. Enter the desired form of HR Control
by pressing 1 for SPEED or 2 for INCLINE. Or, press (ENTER) to accept the default value. If contact HR is used,
then this message is skipped and Incline control will be automatically selected.
12. The console will then display “ENTER TIME”. Enter desired total workout time using the numeric keypad and
press “ENTER”. Or, press (ENTER) to accept the default value.
13. The console will display “ENJOY WORKOUT” and the timer will begin.
The Fat Burner Program
The Fat Burner program is a 30 interval workout designed with moderate changes in the incline designed to
stimulate fat store assimilation for users on a weight control program. The profile in the center display indicates
the relative intensity. Any changes to the intensity level will not change the look of the remaining profile;
however, the new intensity level will continue through the rest of the workout.
To use the Fat Burner program:
1. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “FAT BURNER”, press [ENTER] to accept.
2. The console will display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter your
weight using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
• Your weight is used to calculate the number of calories burned for each minute of exercise and the total
20
CALORIE BURNER PROGRAM
number of calories burned for the exercise session.
4. Next, the console will display “ENTER TIME 5 – 99”. Enter the desired time and press [ENTER]. Or, press
[ENTER] to select the default time.
5. The console will display “ENJOY WORKOUT” and the timer will begin.
•�Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the incline,
or the [Incline: DOWN] key to decrease the incline. The new incline will continue through the rest of the
workout until changed using the Incline keys.
NAUTILUS ®
•�Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the speed, or
the [SPEED DOWN] key to decrease the speed. The new speed will continue through the rest of the workout
until changed using the Speed keys.
CALORIE BURNER
3. The console will display “ENTER SPEED – MPH” (or “ENTER SPEED – KMH” if in Metric mode). Enter the
desired speed using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
The Calorie Burner Program
The Calorie Burner program is a 30 interval workout designed for users wanting to increase their aerobic capacity.
The changes of intensity in the program are greater than the changes in the Fat Burner program, and are designed
specifically to tax the cardiorespiratory system. The profile in the center display indicates relative intensity. Any
changes to the intensity level will not change the look of the remaining profile; however, the new intensity level will
continue through the rest of the workout.
To use the Calorie Burner program:
1. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “CALORIE BURNER”, press [ENTER] to accept.
2. The console will display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter your
weight using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
• Your weight is used to calculate the number of calories burned for each minute of exercise and the total
number of calories burned for the exercise session.
3. The console will display “ENTER SPEED - MPH” or (“ENTER SPEED – KMH” if in Metric mode). Enter the
desired speed using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
4. Next, the console will display “ENTER TIME 5 – 99”. Enter the desired time and press [ENTER]. Or, press
[ENTER] to select the default time.
5. The console will display “ENJOY WORKOUT” and the timer will begin.
• Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the speed,
21
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
DISTANCE GOAL
®
NAUTILUS ®
DISTANCE GOAL
or the [SPEED DOWN] key to decrease the speed. The new speed will continue through the rest of the workout
until changed using the Speed keys.
• Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the incline, or
the [Incline: DOWN] key to decrease the incline. The new incline will continue through the rest of the workout
until changed using the Incline keys.
6. Press [STOP] to end the workout. The workout statistics will be displayed, and then the console will revert back to
the “SELECT WORKOUT” message.
Distance Goal
1. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the program
options. When the console displays “DISTANCE GOAL”, press [ENTER] to accept.
2. The console will display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter your weight
using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
• Your weight is used to calculate the number of calories burned for each minute of exercise and the total number of
calories burned for the exercise session.
3. The console will display “ENTER SPEED - MPH” or (“ENTER SPEED – KMH” if in Metric mode). Enter the desired
speed using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
4. Next, the console will display “ENTER DISTANCE – MILES” (or “ENTER DISTANCE – KM” if in Metric mode). Enter
the desired distance and press [ENTER]. Or, press [ENTER] to select the default distance (2 miles/3.2 km).
5. The console will display “ENJOY WORKOUT” and the timer will begin.
• Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the speed, or
the [SPEED DOWN] key to decrease the speed. The new speed will continue through the rest of the workout until
changed using the Speed keys.
�• Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the incline, or
the [Incline: DOWN] key to decrease the incline. The new incline will continue through the rest of the workout until
changed using the Incline keys.
Calorie Goal
1. Press the MORE WORKOUTS key. Then, use the SPEED or INCLINE UP or DOWN keys to scroll through the program
options. When the console displays “CALORIE GOAL”, press [ENTER] to accept.
2. The console will display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter your weight
using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
• Your weight is used to calculate the number of calories burned for each minute of exercise and the total number of
22
RANDOM PLAY
calories burned for the exercise session.
4.Next, the console will display “ENTER CALORIE GOAL”. Enter the desired calorie goal and press [ENTER]. Or, press
[ENTER] to select the default goal (350 calories).
RANDOM PLAY
3. The console will display “ENTER SPEED - MPH” or (“ENTER SPEED – KMH” if in Metric mode). Enter the desired
speed using the numeric keypad and press [ENTER]. Or, press [ENTER] to accept the default value.
5. The console will display “ENJOY WORKOUT” and the timer will begin.
• Incline may be changed at any time during the workout by pressing the [Incline: UP] key to increase the incline, or
the [Incline: DOWN] key to decrease the incline. The new incline will continue through the rest of the workout until
changed using the Incline keys.
NAUTILUS ®
• Speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the speed, or
the [SPEED DOWN] key to decrease the speed. The new speed will continue through the rest of the workout until
changed using the Speed keys.
Random Play Workout
The Random Play Workout is a program that randomly changes the intensity throughout the workout time.
1. Press the MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the program
options. When the console displays “RANDOM PLAY”, press [ENTER] to accept.
2. The console will then display “ENTER WEIGHT – LBS” (or “ENTER WEIGHT – KG” if in Metric mode). Enter your
weight using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the default value.
3. The console will display “ENTER SPEED – MPH” (or “ENTER SPEED – KMH” if in Metric mode). Enter the desired
workout speed using the numeric keypad and press (ENTER). Or, press [ENTER] to accept the default value.
4. The console will then display “ENTER TIME”. Enter the desired time and press (ENTER). Or, press [ENTER] to
accept the default value.
5. The console will display “ENJOY WORKOUT” and the timer will begin.
23
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
MORE WORKOUTS: FIT TEST PROGRAM
®
NAUTILUS ®
MORE WORKOUTS
The Nautilus Fit Test Program
Understanding Sub-maximal Exercise Testing
Before using the Quinton® Treadmill by Nautilus - HR ClubTrack Plus Treadmill for sub-maximal exercise testing,
it should be noted that all sub-maximal tests make several assumptions:
•
That a steady-state heart rate is obtained for each exercise workload.
•
That a linear relationship exists between heart rate, oxygen uptake
and workload.
•
That the maximal heart rate for a given age is uniform.
•
That the mechanical efficiency of the physical activity performed
(i.e., oxygen uptake at a given workload) is the same for everyone.
It should be kept in mind that any one or all of the above mentioned assumptions may not be met during a submaximal exercise test. If for any reason one of the assumptions is not met, then errors in predicting VO 2 max will
occur.
Unfortunately, it is often quite difficult to meet all of the requirements for the four listed assumptions. For
example, exercising at a given workload for only a few minutes can involve an insufficient amount of time for
many individuals to achieve a true steady-state. To ensure that a steady-state has been achieved, the heart
rate should be measured after two minutes of exercise at a given workload and again after the third minute of
exercise at that workload. These two heart rates should then be compared. If a difference of more than five
beats per minute between the two is found, the subject should continue to exercise at one-minute intervals at
the same workload until two successive heart rates differ by less than five beats per minute.
It is also important that the sub-maximal heart rates obtained be between 115 and 150 beats per minute, because
it is within this heart rate range that a linear relationship tends to exist between heart rate and oxygen uptake
or workload for most adults. When the heart rate is less than 115, many external factors (e.g., talking, laughing,
apprehension, etc.) can greatly influence heart rate. Once the heart rate reaches a level between 115 and 150,
external factors no longer influence heart rate, and a linear relationship exists. As the heart rate rises above 150,
the heart-rate/oxygen uptake relationship becomes curvilinear.
The third assumption involves maximal heart rate. Maximal heart rate is the greatest heart rate that can be
measured when an individual is exercising to the point of volitional fatigue (i.e., exhaustion) during a graded
exercise test. The HR ClubTrack ® Plus Treadmill uses the most current published equation developed to estimate
the average maximal heart rate as follows:
•
Maximal heart rate = 215 minus (0.75 x age)
Maximal heart rate can, however, vary greatly among different individuals of the same age. One standard
deviation is ±12 bpm, which means that two-thirds of the population varies an average of plus or minus 12 heart
24
MORE WORKOUTS: FIT TEST PROGRAM
The final assumption addresses the issue of mechanical efficiency. Oxygen uptake at any given work rate can
vary by approximately 15% between different individuals. Therefore, individuals vary in the amount of oxygen
they require to perform a certain exercise workload. Some individuals are more efficient at performing a given
task than others. As a result, the average oxygen consumption associated with a given workload may vary
significantly from one person to another. Thus, VO 2 max predicted by sub-maximal exercise tests tends to be
overestimated for those who are mechanically efficient and underestimated for those who are inefficient.
NAUTILUS ®
The point to remember is that sub-maximal exercise testing, though not as precise as maximal exercise testing,
is not without advantages. For example, the results of such testing can provide a fairly accurate reflection of
an individual’s fi tness status without the cost, risk, effort (on the part of the subject) and time involved in max
testing. If an individual is given repeated sub-maximal exercise tests and that person’s heart rate response to
a fi xed workload is found to decrease over time, it is reasonably safe to conclude that the individual has made
improvements in aerobic (cardiorespiratory) fi tness, irrespective of the accuracy of the VO 2 max prediction.
MORE WORKOUTS
beats from the average given by a prediction equation. If an individual’s age-predicted maximal heart rate is
higher than that person’s true maximal heart rate, then his/her estimated VO 2 max will be an overestimation of the
correct or actual value.
Pretest Screening
Prior to any exercise test (maximal or sub-maximal), participants should complete a brief health/medical
questionnaire, have their resting blood pressure and heart rate measured, and provide an informed consent form.
The Physical Activity Readiness Questionnaire (PAR-Q) is an example of a valid health/medical questionnaire
for screening individuals prior to sub-maximal exercise testing. Canadian health and fi tness practitioners have
extensively (and quite successfully) used the PAR-Q to determine whether individuals should be given an exercise
test. A “yes” answer to any of the following seven questions taken from the PAR-Q would disqualify a participant
from taking part in an exercise test until appropriate medical clearance was obtained.
PHYSICAL ACTIVITY READINESS QUESTIONNAIRE (PAR-Q)
1. Has your doctor ever said you have a heart condition and recommended only medically supervised physical
activity?
2. Do you have chest pain brought on by physical activity?
3. Have you developed chest pain within the past month?
4. Do you tend to lose consciousness or fall over as a result of dizziness?
5. Do you have a bone or joint problem that could be aggravated by the proposed physical activity?
6. Has a doctor ever recommended medication for your blood pressure or a heart condition?
7. Are you aware, through your own experience or a doctor’s advice, of any other physical reason against your
exercising without medical supervision?
25
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
®
MORE WORKOUTS: FIT TEST PROGRAM
NAUTILUS ®
MORE WORKOUTS
Nautilus Sub-maximal Fit Test
The Nautilus ® Fit Test is a program that estimates maximal aerobic capacity based on heart-rate response to
sub-maximal exercise.
The Nautilus ® branching protocol is a series of 3-minute stages of continuous exercise at increasing intensity.
The first stage is a warm-up at approximately 4 METs. The intensity of the remaining stages is based on the
heart rate response to the warm-up. The test is designed to raise the steady state heart rate of the subject to
at least 115 beats/minute. It is important to remember that two consecutive heart rate measurements must be
obtained above 115 beats/minute to predict VO 2 max . The test typically lasts from 6 to 15 minutes. The test will
terminate if the heart rate does not continue to rise from state to stage.
In the Nautilus ® protocol, each work rate is performed for 3 minutes, with heart rates recorded during the final 4
seconds of the second and third minutes of each stage. If the heart rates are within 5 beats/min, then the heart
rate during the last minute is plotted against the work rate, and the program advances to the next 3-minute
stage. The program continues for two to four stages until two steady state heart rates above 115 beats/min are
obtained in two consecutive stages. The line generated from the plotted points is then extended to the agepredicted maximal heart rate. A corresponding maximal work rate and VO2max can then be calculated.
At the end of the 3rd minute of each stage, if the heart rates at the end of the 2nd and 3rd minute are not within 5
beats/min of each other, then that work rate is maintained for an additional minute. At the end of the 4th minute,
the heart rate is compared to the heart rate at the end of the 3rd minute. If the heart rates are within 5 beats/
min, then the heart rate during the 4th minute is plotted against the work rate. If the heart rate at the end of the
3rd and 4th minute are not within 5 beats/min, then the work rate is maintained for one more additional minute.
If the heart rate at the end of the 4th and 5th minutes are within 5 beats/min, then the heart rate at the end of the
5th minute is plotted against the work rate. If the heart rate at the end of the 4th and 5th minutes are not within
5 beats/min, then the test failed.
Once two consecutive heart rate measurements are obtained above 115 beats/min range, then the test ends
successfully and the results are displayed. Estimated maximum aerobic capacity is shown in ml/kg/min and
METs. Next, the results are compared to normative values for others of the same age range and gender.
26
MORE WORKOUTS: FIT TEST PROGRAM
To use the Fitness Test program:
2. Press the [MORE WORKOUTS] key. Then use the Speed or Incline UP or DOWN keys to scroll through
the program options. When the console displays NAUTILUS FIT TEST, press [ENTER] to select.
MORE WORKOUTS
1. Put the chest strap on. Remember to wet underneath the chest strap, over the electrodes. For test
accuracy, use of a telemetry chest strap is required.
3. The console will then display ENTER WEIGHT - LBS (or ENTER WEIGHT - KG if in Metric mode). Enter
your weight using the numeric key keypad.
5. The console will display ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad.
NAUTILUS ®
4. The console will display ENTER AGE 10 -99. Enter your age using the numeric keypad.
6. The console will display BEGIN FIT TEST. Follow the on screen prompts. The following messages may be
displayed during a
fi tness test:
•
CHECK HR BELT - Indicates that the heart rate signal has been missing for the last 30 seconds.
7. The test will be terminated early, and the messages TEST TERMINATED / TRY AGAIN LATER will be
displayed if
•
The user stops exercising at any point during the test.
•
The [STOP] key is pressed.
•
The heart rate response to each work level is the same or less than the previous work level.
•
The heart rate never reaches 115 beats/minute.
•
The heart rate continues to rise after the
fifth minute.
8. The test is complete when two consecutive steady-state heart rates are obtained above 115 beats/
minute. The test can be as short as 6 minutes, or as long as 15 minutes.
•
No cool down is done at the end of the test.
9. The estimated maximal aerobic capacity is displayed in METs, and VO 2 max . The results are compared
to normative values of the same age and gender 1 (see below), and given a fi tness rating of Low, Fair,
Average, Good, or High.
27
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
MORE WORKOUTS: FIT TEST PROGRAM
®
NAUTILUS ®
AGE
Men
Women
20 – 29
30 – 39
40 – 49
50 – 59
60 +
High
51.4 +
50.4 +
48.2 +
45.3 +
42.5 +
Good
51.3 – 46.8
50.3 – 44.6
48.1 – 41.8
45.2 – 38.5
42.4 – 35.3
Average
46.7 – 42.5
44.5 – 41.0
41.7 – 38.1
38.4 – 35.2
35.2 – 31.8
Fair
42.4 – 39.5
40.9 – 37.4
38.0 – 35.1
35.1 – 32.3
31.7 – 28.7
Low
39.4 or less
37.3 or less
35.0 or less
32.2 or less
28.6 or less
High
44.2 +
41.0 +
39.5 +
35.2 +
35.2 +
Good
44.1 – 38.1
40.9 – 36.7
39.4 – 33.8
35.1 – 30.9
35.1 – 29.4
Average
38.0 – 35.2
36.6 – 33.8
33.7 – 30.9
30.8 – 28.2
29.3 – 25.8
Fair
35.1 – 32.3
33.7 – 30.5
30.8 – 28.3
28.1 – 25.5
25.7 – 23.8
Low
32.2 or less
30.4 or less
28.2 or less
25.4 or less
23.7 or less
1 The American College of Sports Medicine, Guidelines for Exercise Testing and Prescription, 6th Edition, Lippincott WIlliams & WIlkins, Philidelphia, PA, 2000, p. 77.
Firefighter Fit Test (Gerkin Test)
The Firefighter Fit Test has a total of 16 stages lasting one minute each. The first 3 stages are a warm-up set
with a speed of 3 mph and 0% incline. The following stages increase speed or incline from the previous stage.
When the test terminates, the “Cool Down” mode will be entered. The “Cool Down” mode will set the speed to
1 mph and the incline to 0%.
To use the Firefighter Fit Test program:
1. Put the chest strap on. Remember to wet the underneath of the chest strap, over the electrodes.
2. Press MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “GERKIN TEST”, press [ENTER] to select.
3. The console will then display “ENTER WEIGHT - LBS” (or “ENTER WEIGHT - KG” if in Metric mode). Enter
your weight using the numeric key keypad and press [ENTER].
4. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
5. The console will display “ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad and press [ENTER].
6. The console will display “PRESS START”. Press the [START] key to begin the test. Follow the onscreen
prompts. The first 3 stages represent a 3-minute warm-up at 3 mph and 0% incline. The exercise time does not
start until the warm-up is completed. At the beginning of the test, the timer will count up from 0:00.
The following messages may be displayed during a fi tness test:
• “CHECK HR BELT” - Indicates that the heart rate signal has been missing for the last 30 seconds.
28
FIT TEST PROGRAM
MORE WORKOUTS
Fitness Rating Norms (VO2max)
MORE WORKOUTS: FIT TEST PROGRAM
7. The test will be terminated early, and the messages “TEST TERMINATED / TRY AGAIN LATER” will be
displayed if:
• The [STOP] key is pressed.
• 85% of the age predicted maximum heart rate is achieved.
MORE WORKOUTS
• The user stops exercising at any point during the test.
• If after the 16 stages have been completed, the age predicted heart rate has not been achieved.
8. The test is complete when the subject’s HR reaches 85% of their age-predicted maximum HR according to the
following formula:
NAUTILUS ®
• The heart rate response to each work level must be greater than the heart rate response to the last
level.
Max Heart Rate (MaxHR) = 215 – {0.75 * Age}
Target Test Heart Rate = 0.85 * Max Heart Rate
9. Following the test, the program enters cool down, the treadmill speed decreases to 1 mph and incline to 0%.
The subject’s heart rate is measured at the end of one minute.
10. At the end of the 1 minute Cool Down, the “Test Complete” message is displayed and the test statistics are
scrolled twice as follows:
• Total Exercise Time
• Target Heart Rate
• Target Speed
• Target Incline
• Target METs
• Recovery Heart Rate
The Military Fit Test
The Military Fit Tests allow the user to select one of four military physical readiness tests: Air Force PFT, Army
PFT, Marine PFT and Navy PRT.
Air Force Physical Fitness Test (PFT)
The Air Force PFT on the treadmill is a 1.5 mile run. The time that it takes for the subject to complete the 1.5 miles
is compared to the table and a component point total is given.
29
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
MORE WORKOUTS: FIT TEST PROGRAM
NAUTILUS ®
MORE WORKOUTS
®
The test is comprised of up to a 3 minute warm-up followed by the test session. During the warm-up period,
the subject can press the START or QUICK START key at any time to begin the test session. During the warmup, the subject can adjust incline or speed as desired. If the START or QUICK START key is not pressed during
the warm-up, then, at the end of the 3 minutes, the test automatically enters the test session.
At the start of the test session, the treadmill incline goes to 1% incline and stays in that position. The subject
cannot change the incline. The subject changes the speed of the treadmill as desired to complete the test as
quickly as possible. At the beginning of the test session, the time and distance begin to accumulate from 0.
When 1.5 miles is achieved, the time stops accumulating, and the treadmill enters the Cool Down state. During
Cool Down and after the STOP key is pressed, the test summary is scrolled, displaying the test time in minutes
and seconds, and the component point value associated with the test time based on sex and age group.
To use the Air Force PFT:
1. Press MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “MILITARY TESTS”, press [ENTER] to select.
2. Use the SPEED UP or DOWN keys to scroll through the Military Fit Test options. When the console displays
“AIR FORCE PFT”, press [ENTER] to select.
3. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
4. The console will display “ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad and press [ENTER].
5. Press the [START] key to begin the test. The console will display “3 MINUTE WARM-UP.”
6. At the end of 3 minutes or if the [START] key is pressed, the console will display “BEGIN TEST” and the test
session will begin.
7. The test is complete when the subject achieves 1.5 miles.
8. Following the test, the program enters the Cool Down state and the test time is displayed.
Army Physical Fitness Test (PFT)
The Army PFT on the treadmill is a 2.0 mile run. The time that it takes for the subject to complete the 2 miles is
compared to the table and a component point total is given.
The test is comprised of up to a 3 minute warm-up followed by the test session. During the warm-up period,
the subject can press the START or QUICK START key at any time to begin the test session. During the warmup, the subject can adjust incline or speed as desired. If the START or QUICK START key is not pressed during
the warm-up, then, at the end of the 3 minutes, the test automatically enters the test session.
At the start of the test session, the treadmill incline goes to 1% incline and stays in that position. The subject
30
MORE WORKOUTS: FIT TEST PROGRAM
cannot change the incline. The subject changes the speed of the treadmill as desired to complete the test as
quickly as possible. At the beginning of the test session, the time and distance begin to accumulate from 0.
To use the Army PFT:
2. Use the SPEED UP or DOWN keys to scroll through the Military Fit Test options. When the console displays
“ARMY PFT”, press [ENTER] to select.
NAUTILUS ®
1. Press MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “MILITARY TESTS”, press [ENTER] to select.
MORE WORKOUTS
When 2.0 miles is achieved, the time stops accumulating, and the treadmill enters the Cool Down state. During
Cool Down and after the STOP key is pressed, the test summary is scrolled, displaying the test time in minutes
and seconds, and the component point value associated with the test time based on sex and age group.
3. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
4. The console will display “ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad and press [ENTER].
5. Press the [START] key to begin the test. The console will display “3 MINUTE WARM-UP.”
6. At the end of 3 minutes or if the [START] key is pressed, the console will display “BEGIN TEST” and the test
session will begin.
7. The test is complete when the subject achieves 2.0 miles.
8. Following the test, the program enters the Cool Down state and the test time is displayed.
Marine Physical Fitness Test (PFT)
The Marine PFT on the treadmill is a 3.0 mile run. The time that it takes for the subject to complete the 3 miles
is compared to the table and a component point total is given.
The test is comprised of up to a 3 minute warm-up followed by the test session. During the warm-up period,
the subject can press the START or QUICK START key at any time to begin the test session. During the warmup, the subject can adjust incline or speed as desired. If the START or QUICK START key is not pressed during
the warm-up, then, at the end of the 3 minutes, the test automatically enters the test session.
At the start of the test session, the treadmill incline goes to 1% incline and stays in that position. The subject
cannot change the incline. The subject changes the speed of the treadmill as desired to complete the test as
quickly as possible. At the beginning of the test session, the time and distance begin to accumulate from 0.
When 3.0 miles is achieved, the time stops accumulating, and the treadmill enters the Cool Down state. During
Cool Down and after the STOP key is pressed, the test summary is scrolled, displaying the test time in minutes
and seconds, and the component point value associated with the test time based on sex and age group.
31
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
MORE WORKOUTS: FIT TEST PROGRAM
®
MORE WORKOUTS
To use the Marine PFT:
1. Press MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “MILITARY TESTS”, press [ENTER] to select.
2. Use the SPEED UP or DOWN keys to scroll through the Military Fit Test options. When the console displays
“MARINE PFT”, press [ENTER] to select.
NAUTILUS ®
3. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
4. The console will display “ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad and press [ENTER].
5. Press the [START] key to begin the test. The console will display “3 MINUTE WARM-UP.”
6. At the end of 3 minutes or if the [START] key is pressed, the console will display “BEGIN TEST” and the test
session will begin.
7. The test is complete when the subject achieves 3.0 miles.
8. Following the test, the program enters the Cool Down state and the test time is displayed.
Navy Physical Readiness Test (PRT)
The Navy PRT on the treadmill is a 1.5 mile run. The time that it takes for the subject to complete the 1.5 miles
is compared to the table and a component point total is given.
The test is comprised of up to a 3 minute warm-up followed by the test session. During the warm-up period,
the subject can press the START or QUICK START key at any time to begin the test session. During the warmup, the subject can adjust incline or speed as desired. If the START or QUICK START key is not pressed during
the warm-up, then, at the end of the 3 minutes, the test automatically enters the test session.
At the start of the test session, the treadmill incline goes to 1% incline and stays in that position. The subject
cannot change the incline. The subject changes the speed of the treadmill as desired to complete the test as
quickly as possible. At the beginning of the test session, the time and distance begin to accumulate from 0.
When 1.5 miles is achieved, the time stops accumulating, and the treadmill enters the Cool Down state. During
Cool Down and after the STOP key is pressed, the test summary is scrolled, displaying the test time in minutes
and seconds, and the component point value associated with the test time based on sex and age group.
32
MORE WORKOUTS: FIT TEST PROGRAM
To use the Navy PRT:
2. Use the SPEED UP or DOWN keys to scroll through the Military Fit Test options. When the console displays
“NAVY PRT”, press [ENTER] to select.
MORE WORKOUTS
1. Press MORE WORKOUTS key. Then use the SPEED or INCLINE UP or DOWN keys to scroll through the
program options. When the console displays “MILITARY TESTS”, press [ENTER] to select.
3. The console will display “ENTER AGE 10 - 99.” Enter your age using the numeric keypad and press [ENTER].
5. Press the [START] key to begin the test. The console will display “3 MINUTE WARM-UP.”
NAUTILUS ®
4. The console will display “ENTER GENDER / 1 - MALE / 2 - FEMALE. Enter your gender code using the
numeric keypad and press [ENTER].
6. At the end of 3 minutes or if the [START] key is pressed, the console will display “BEGIN TEST” and the test
session will begin.
7. The test is complete when the subject achieves 1.5 miles.
8. Following the test, the program enters the Cool Down state and the test time is displayed.
33
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
WORKOUT OPTIONS
®
WORKOUT OPTIONS
Options During a Workout
After the message, “Enjoy Workout”, is displayed, your workout statistics will begin to accumulate. The exercise
statistics include, in order:
Incline
Speed
Calories / Hour
NAUTILUS ®
Distance
Vertical Climbed
Power in watts
METs
Target Heart Rate (in Heart Rate Control programs only)
The 20 x 30 brickyard in the lower half of the display will show the exercise profile of the workout program selected.
Each column represents an equal portion of the total workout and the flashing column will advance across the brickyard
as you progress through your workout.
Changing Speed, Incline or Target Heart Rate During a Workout
•
The speed may be changed at any time during the workout by pressing the [SPEED UP] key to increase the speed,
or the [SPEED DOWN] key to decrease the speed. The console will display SPEED – MPH, or (SPEED – KMH if in
Metric mode).
•
During the workout, the incline may be changed at any time by pressing the [Incline: UP] key to increase the
incline, or the [Incline: Down] to decrease the incline. The console will display INCLINE.
•
In Heart Rate Control programs, you can use the numeric keys to change the Target Heart Rate. If the user
presses a numeric key in a Heart Rate Control program, then the message line will display TARGET HR.
Once you enter your desired target heart rate, press [ENTER] to accept, and the console will gradually change
the speed and/or incline to move you to the new target heart rate.
Pausing Your Workout
The program automatically enters the PAUSE state from a workout when the STOP key is pressed. The workout will
be suspended, and the program will display the following alternating messages every 3 seconds for up to 1 minute,
WORKOUT PAUSED, PRESS STOP OR, PRESS START.
When the program enters a PAUSE state, the interval timer begins to count down from 1 minute to show you the time
remaining in the pause condition.
34
WORKOUT OPTIONS
To leave the PAUSE state:
•
If the user presses STOP or CLEAR or [1], then the program ends, the
accumulated exercise statistics are scrolled, and the program returns to
the opening message.
•
If the user presses the [2] key, then the workout proceeds from where it
was suspended.
End of Your Workout
NAUTILUS ®
At the end of the one minute count down, the current workout ends, the
accumulated exercise statistics are scrolled, and the program returns to
the opening message.
WORKOUT OPTIONS
•
The program is at the end of the workout when the workout time is completed,
or from the PAUSE state when the STOP key is pressed. At this point, each
workout statistic is scrolled with averages calculated and displayed for Incline,
Speed, Distance, Calories/Hour, Watts, METs, and Heart Rate.
35
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
HEART RATE MONITORING
®
NAUTILUS ®
HEART RATE MONITORING
Heart rate monitoring helps users monitor their levels of exertion by displaying
the heart rate during exercise. There are two methods of monitoring heart rate
on the HR ClubTrack Plus Treadmill:
Telemetry Heart Rate
Telemetry (e.g. using a Polar®
or Polar-compatible transmitter
belt). A Polar-compatible heart
rate chest belt transmits the
heart beat signal to the receiver
in the display. The display shows
the heart rate in beats per minute
and uses the heart rate value in
heart rate control mode.
The telemetry heart rate monitoring system consists of the receiver, located
in the display, and a transmitter belt (purchased separately) worn across your
chest. The monitoring function is activated as soon as you strap on the chest
belt and step within range of the receiver in the machine. Two electrodes on the
underside of the chest belt sense the heart rate signal and send it to the receiver.
The far right decimal point in the Heart Rate Display pulses to indicate that the
display is receiving a valid signal. A microprocessor in the controller calculates
the heart rate and shows it, in beats per minute, on the display.
Before you put the transmitter belt on, wet the two electrode patches (the
grooved rectangles on the reverse side of the belt). Secure the transmitter belt
as high under the pectoral muscles (chest) as is comfortable. The transmitter
belt should fi t snugly and comfortably, and allow normal breathing.
After the initial heart rate signal is detected, the display will enter a
validation phase in which four good heart beat signals lasting four seconds
are required before locking on telemetry heart rate signals for the duration
of the workout session.

WARNING!
Pacemaker users
should not use the
telemetry transmitter
without first consulting
with their doctor.
If your heart rate is not being displayed, try the following:
•
•
•
•
•
Move closer to the display.
Tighten the elastic band on the chest belt.
Adjust the belt higher or lower on your chest.
Remoisten the electrodes.
Test your chest strap with a machine that you know is working, or with
a heart rate watch that you know is working.
Maintaining the Transmitter Belt
Clean the chest belt regularly with mild soap and water, then dry thoroughly –
residual sweat and moisture keeps the transmitter active and will drain the
battery in the transmitter. Do not use abrasives or chemicals such as steel
wool or alcohol for cleaning, as they can damage the electrodes permanently.
Replacement belts can be purchased from an Authorized Nautilus ® Fitness
Retailer or at www.nautilus.com.
36
HEART RATE PRIORITY
Locked/Non-Locked Heart Rate Signal Options
HEART RATE MONITORING
The HR ClubTrack ® Plus offers telemetry (e.g., Polar) heart rate signal detection only (contact heart rate is not
available). Heart rate priority defaults to telemetry, unless HAND ONLY or BOTH HR OFF options are selected.
Then, telemetry signals are locked out. To detect a telemetry signal, select one of the following options:
EITHER INPUT, LOCKED INPUTS, or TELEMETRY ONLY.
When the EITHER INPUT option is selected the heart rate source signal is not fi xed during the workout session
2. There are five options to handle heart rate input
signals. Press the [SPEED UP] and [SPEED
DOWN] keys to scroll through the options until
you find the option that you want. Press the
[ENTER] key to select that option.
The options are as follows:
LOCKED INPUTS – allows either telemetry or
contact heart rate signals to be detected. Once
the console has detected a valid input signal it
will lock out the opposite type of signal for the
duration of the workout session. For example,
if you start out using contact heart rate then
you are limited to using only contact heart rate
during your workout session, even if the signal
is lost while performing the workout, and
vice-versa.
not lock out a particular input signal for the
entire workout. This option will detect either
input signal during a workout session, but only
one at a time, and only until the other signal
terminates.
NAUTILUS ®
1. On the console keypad, press [SPEED UP], [3],
[2]. At this point the screen will display HR
INPUTS. Press [ENTER] to select this option.
TELEMETRY ONLY – locks out contact heart
rate signals and will only detect telemetry
signals.
HAND ONLY – locks out telemetry signals and
will only detect contact heart rate signals.
BOTH HR OFF – turns off the ability to detect
any heart rate signal. Used in rare situations
where there is excessive interference with the
heart rate signals.
•
During workouts where heart rate is
necessary, such as the HR Zone Trainer and
the Fitness Test, the console will pick up
telemetry heart rate signals so that the
programs are not disabled.
EITHER INPUT – allows either telemetry or
contact heart rate signals to be detected. Does
37
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
FITNESS GUIDELINES
®
EXERCISE & FITNESS GUIDELINES
No single fitness program is suitable for all. All fitness programs
should be designed by fitness professionals who are trained to
tailor the program to the individual goals and fitness levels of each
client. The following information on exercise intensity, duration,
and frequency is based on averages and is included here only as a
guideline for use by fitness professionals. Programs should be altered
for comfort and safety when necessary.
Exercise and Health
It is not a secret that lack of exercise is increasingly becoming a major health
issue. Obesity is on the rise, and being overweight can contribute to an
increased risk in heart attack, diabetes, high blood pressure and other life
threatening illnesses.
Most people do not get enough activity during the day to make up for the time
they spend at their desks, driving their cars or sitting in front of their televisions.
We have learned that exercising is not simply something we must do to look
good and have a great body. Exercise is a requirement for health, and overall
wellness, not to mention it can help you feel great!
The good news is that we are seeing more and more research that indicates we
don’t have to work out intensely to see the benefi ts. Sure, it is great if you can
workout for 30-40 minutes at a time, five days a week. But it is not essential.
Shorter bouts of exercise can have a great effect (especially if you are just
starting out), and a little bit of exercise at a time is much better than none at all.
And what is really exciting is that research indicates that whether you are young
or old, people who workout at light to moderate intensities may have an easier
time sticking to their exercise programs than those people who work out harder
and more often.
So, you do not need to be an athlete or a fi tness “die-hard” to benefi t from
exercise… you just need to get started, work out at levels that are comfortable
and enjoyable to you and stick with it!
38
EXERCISE & FITNESS GUIDELINES
Steps to Getting Started
The first step is the most difficult. Any new habit is difficult to establish at first,
but it can be done. Be patient, and plan to start slow and easy. Less is more
when you are first starting out… don’t overdo it!
NAUTILUS ®
Get a physical exam. If you have been inactive for several years or new to an
exercise program, be sure to ask your doctor before beginning any exercise
program. Especially if you are over 30, have health problems or have a history of
heart disease in your family.
FITNESS GUIDELINES
Once you have made the commitment to start an exercising program, here are
some suggestions that may help you stay motivated.
Find an exercise buddy. Research has shown that starting an exercise
program with someone can increase your chances of sticking to it. If you have
a buddy that is also starting a program, you can encourage, motivate and
challenge each other.
Make fitness a part of your schedule. Include it in your daily planner just as
you would any other appointment. Plan ahead for the week so that you can
be sure to fi t it in. Even if you are pressed for time one day, a little exercise is
better than none at all. Do what you can to fi t it in, even if you have less time
than you hoped for.
Use positive affirmations. Affirmations will help you program your
subconscious to accept new beliefs. Saying to yourself a couple of times a day,
“I am living a healthier lifestyle by exercising several times per week at home,”
can help you stay on track.
Set goals. Setting goals can be helpful in keeping you motivated, but remember
to keep them realistic. Short-term and long-term goals can make this easier.
How many days do you want to exercise this week? How many workouts would
you like to have done in 90 days or a year?
39
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
®
EXERCISE & FITNESS GUIDELINES
NAUTILUS ®
FITNESS GUIDELINES
Components of Fitness
Over the past 25 years, many people have focused on walking, running, cycling,
swimming and other types of aerobic activity as their only means of exercise.
However, we have learned that two other components of fitness are just as
important. These other two components are muscle strength and flexibility.
So in addition to having a strong heart and lungs, we also need to be able to pick
up a full bag of groceries and tie our shoes without having to sit down.
When developing a fi tness program, it is only appropriate that you develop all
three components in order to achieve balanced overall fi tness. Let’s take a look
at all three components:
Cardiovascular Fitness is training the heart and lungs to be stronger and deliver
more oxygen throughout your body with less effort. It can help reduce the risk of
heart disease, and help you manage your weight. It is the cornerstone of fi tness,
and can be achieved in many ways such as walking or running on the treadmill or
outdoors, climbing stairs, cycling, using a StairMaster ® stepper or swimming in
the pool or ocean.
For many years, it was suggested that moderate level cardiovascular activity
(activities that make you sweat and breathe and a moderate pace) should be
done 3 – 4 days a week for 15 – 45 minutes at a time. It is now recommended that
you attempt to do some cardiovascular activity EVERY day, if possible.
The good news is that the cardiovascular activity does not need to be
moderately intensive everyday, nor does it need to be sustained for 15 – 45
minutes at a time.
So while it is ideal to challenge your heart and lungs by doing something like a
strong power walk every other day for 15 – 45 minutes, it is more important to
make sure you do at least a little bit of cardiovascular activity every day, even if
you don’t do it for very long or very intensely.
For example, you might try using a Nautilus ® treadmill for a scheduled, moderate
level workout for 20 – 30 minutes on Monday, Wednesday, Friday and Sunday
(see the intensity monitoring section for further details on how hard to workout).
On the other days, you might try going for a leisurely stroll 10 minutes in the
morning and in the evening (or whenever you can fi t it in).
Whatever you do, just make sure you get your body moving, and your heart and
lungs pumping for some period of time every day.
40
EXERCISE & FITNESS GUIDELINES
NAUTILUS ®
We have learned through a variety of studies that those individuals who just
train aerobically (without strength training) do maintain their cardiovascular
endurance over the years, but they generally lose lean muscle mass as they
get older. However, those individuals who combine strength training and
cardiovascular training can maintain their lean body mass as they get older.
What this means is that if you just do cardiovascular activity, your body will
naturally lose muscle mass as you get older, and that means that you will
actually get “fatter” as you age, unless you incorporate strength training.
FITNESS GUIDELINES
Muscular Strength is training your muscles to remain strong using
resistance such as Nautilus ® strength machines, dumbbells, elastic tubing
or your body weight. In the past decade, we have learned that building or
maintaining muscular strength is extremely important for a balanced fi tness
program. And it is especially important as we get older.
We have also learned that consistent strength training helps maintain bone
and muscle mass as we get older. For women, strength training (along with
cardiovascular training) may also protect against post-menopausal bone loss
and osteoporosis in their later years.
And strength training is not complicated. It is recommended that you do 8 –
12 repetitions of 8 – 10 major muscle groups at least 2 days a week. However,
you don’t have to do all these exercises at once. You can break them up into
shorter workouts throughout the day. For example, you can do just upper body
exercises in the morning, and your lower body exercises in the evening. Or, you
can alternate strength exercises with cardiovascular exercise (often known as
circuit training) by switching back and forth every couple of minutes.
Flexibility is being able to bend, reach, twist and turn with comfort and ease
as we perform daily tasks, play or exercise. It is perhaps the most ignored
component of fi tness, but certainly the easiest one to incorporate into our daily
lives because it can be done anywhere and almost at any time.
To maintain your flexibility, you simply need to stretch. This could be as simple
as reaching for your toes, or reaching overhead when you wake up in the
morning. Or maybe you enjoy it so much that you would be interested in trying
the Nautilus ® yoga workout video. You can even incorporate stretching into your
strength training workouts by stretching the muscles you have used immediately
after you have completed your exercise set.
41
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
FITNESS GUIDELINES
®
EXERCISE & FITNESS GUIDELINES
Like cardiovascular training, it is recommended that you stretch every day.
However, you do not need to create a formalized program. You can simply make
sure that you stretch your major muscle groups throughout the day. Make sure
you include your thighs, calves, hamstrings, back, chest, neck and shoulders.
Do what feels good, but also remember to mix it up. Don’t just do traditional
“reach and hold” stretches. Also, try gently moving through a range of motion
that is comfortable to you. For example, you don’t have to stretch your neck
simply by pulling on your head with your hand. You can also just rotate the neck
slowly around and look side to side.
Nutrition
Of course, every good health and fi tness program will also include a good
nutrition component. Good nutrition is likely the most important factor in
maintaining ideal body weight and managing weight loss.
There are a variety of schools of thought regarding which nutrition program,
diet or eating plan is best. While we do not promote or endorse any
particular one, here are some things to consider that will help you get on
the road to a healthy diet:
Understand caloric balance. How many Calories you intake, and how many
Calories you burn off will determine whether you will gain or lose weight day to
day. It is impossible to achieve weight loss without some sort of “Caloric deficit”
that can be obtained through cutting Calories, or burning off more than you take
in. The wisest approach is to do a little of both – cutting Calories and exercising.
It is the only proven long-term weight management program that is successful.
You should ensure that you are consuming at least 1,200 Calories per day total. A
total weight loss of no more than 2 pounds per week is recommended for longterm weight management.
Eat a variety of foods. Regardless of your eating plan, you should be sure to
include a variety of foods in your diet, maximizing your intake of fruits and
vegetables whenever possible. Colorful meals and snacks that are divided
amongst the 4 food groups will ensure that you obtain the nutrients needed for
your body to function at optimal levels. Any diet that focuses on just one food
group source or processed foods can be unhealthy in the long run, and should
be avoided. Don’t focus too much on any particular meal or snack, but rather on
your overall intake of a variety of different foods during any given day.
42
EXERCISE & FITNESS GUIDELINES
NAUTILUS ®
Eat more often and be mindful of your portions. Research has shown that it can
be helpful to eat smaller meals more often versus 3 larger meals a day if you are
looking to promote healthy weight maintenance or weight loss. And we have
discovered that many portions we eat are much larger than necessary, and can
be laden with Calories. So, try snacking more and not eating so many large meals,
and share your snacks or food with others (or break your portions in half) to help
manage your Caloric intake.
FITNESS GUIDELINES
Drink water. Our bodies are made up of over 70% water, and most of us don’t drink
enough. Carry water with you everywhere you go, and drink as often as you can.
This helps the body function at optimum levels, and can significantly help with
weight management.
Monitoring Your Intensity
When you are doing cardiovascular workouts, it is important that you work at the
appropriate intensities when you are first starting out. It is also important that you
workout at a variety of intensities after you have built a fi tness base.
Research in recent years has indicated that one of the best ways to monitor your
cardiovascular intensity is to pay close attention to how you are feeling when
you workout. Most individuals can do a very good job of choosing the correct
intensities if they simply categorize how they feel into one of four intensity “zones.”
These zones could be described the following ways:
Zone 1
• Easy
• Warm-up
• Cool-down
Zone 2
• Challenging, but comfortable
• Steady endurance pace
Zone 3
• Challenging, and slightly uncomfortable
• Race pace
• Borderline out of breath
Zone 4
• Breathless
• Not maximum, but winded
• Can’t keep the pace for very long
43
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
EXERCISE & FITNESS GUIDELINES
®
FITNESS GUIDELINES
When you are first starting out, you should exclusively work in the Zone 1 and
Zone 2 intensities. After a few weeks, you can occasionally incorporate Zone 3
and Zone 4 intensities for short periods of time. Remember, when you begin to
incorporate Zone 3 and Zone 4 intensities, you will find that you will likely have to
drop down to Zone 1 intensities shortly thereafter as brief recovery periods.
For variety, you can spend a little bit of time in each of the four Zones during one
workout, and then spend your time in just one Zone during the next workout.
NAUTILUS ®
Prenatal woman should always remain at Zone 1 and Zone 2 intensities, and
anyone unaware of their current medical condition should also avoid Zone 3 and
Zone 4 without prior clearance from their doctor.
These Zones can be translated into target heart rate numbers if your fi tness
product has a grip or telemetric heart rate counter. Research has shown the
best way to do this is not to establish heart rate numbers based upon age, but
rather based upon how you feel.
The following chart will allow you to log your heart rate numbers based upon
how you feel when working out. Simply log the heart rate numbers you find
when you feel you are working at each of the specific intensities.
Zone Description of Workout Intensity
44
Approximate
Percentage
of Maximum
Heart Rate
Log Your
Heart Rate
1
• Easy
• Warm-up
• Cool-down
50% – 65%
Enter the heart rate
you get when you are
working in Zone 1 
2
• Challenging, but comfortable
• Steady endurance pace
65% – 75%
Enter the heart rate
you get when you are
working in Zone 2 
3
• Challenging, and slightly uncomfortable
• Race pace
• Borderline out of breath
75% – 85%
Enter the heart rate
you get when you are
working in Zone 3 
4
• Breathless
• Not maximum, but winded
• Can’t keep the pace for very long
85% – 90%
Enter the heart rate
you get when you are
working in Zone 4 
Your
Heart Rate
EXERCISE & FITNESS GUIDELINES
Listening to your body, and using your heart rate numbers (when available) will
enable you to keep track of your intensity and see your progress as you train.
NAUTILUS ®
Don’t get too attached to any specific number or target heart rate. If you train
properly, you will notice numbers that used to be difficult have now become
easier. You will also notice that if you are sick or over-tired, you may find that
numbers that usually feel fairly easy are one day much harder, and it is a good
sign to take a break. If you notice that numbers that are usually very challenging
are one day fairly easy, then it is a good time to push yourself.
FITNESS GUIDELINES
As you get in better shape, the heart rate number you obtain for each zone
will get higher and higher, which means your heart is able to handle higher
intensities. Or you may find that your numbers don’t change, but you are able to
stay in Zone 3 and Zone 4 longer than you used to.
Beating The Dropout Odds
The Surgeon General’s Report on Physical Activity and Health summarizes a
few main points:
1. Regular physical activity offers substantial improvements in health and wellbeing for a majority of Americans.
2. If you exercise regularly, you’ll reduce your risk of heart attack, cancer,
diabetes, high blood pressure, osteoporosis and even the common cold.
3. Regular exercise, regardless of the intensity, can help you control stress,
sleep problems and depression.
The benefi ts of exercise and activity are AMAZING! And yet, only 22 percent of
Americans engage in exercise for 20 minutes a day. And even among individuals
who begin exercise programs, the dropout rate is about 50 percent.
So, how do you beat these odds? The answer appears to be in how your
start and maintain your exercise program as well as how you create a
habit of exercise.
Why are you starting an exercise program? For most individuals, it is to lose
weight and look better, which are great reasons. However, since changes in your
body shape and size can be gradual, and won’t happen overnight, it is important
to focus on other benefi ts so that you will remain motivated.
45
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
NAUTILUS ®
FITNESS GUIDELINES
®
EXERCISE & FITNESS GUIDELINES
Thrive on the energy that exercise gives you. Watch your health risks scores
go down. Pay attention to how much easier everyday activity is. Notice how
much better you are sleeping. These kinds of additional benefi ts will continue
to keep you motivated if you make them just as important to you as weight
loss.
Additionally, try not to view exercise as punishment. Look at it as an
investment in your health. If you don’t feel motivated to workout one day,
think of something that is appealing to you that is active, and change your
workout. Try not to let your workout become routine or mundane, and always
remember that some exercise is better than none at all. So, if you feel you are
not motivated to continue, stop your workout early, or skip a day. It just might
be the thing you need to get you excited about your next workout.
Possibly the most important thing is to keep progressing your exercise
program slowly. Big increases in time or intensity can set you up for injury,
and cause you to drop out. Unless you are a world-class athlete, there is no
reason to workout at world-class levels. Remember to give yourself some days
off and get proper rest.
Finally, try to anticipate lapses. If you are traveling, or your schedule is
becoming busier, and you are fearful you may get off track, try planning
ahead. For example, book a hotel that has a workout facility or change up
your workout so that you keep your interest high and your boredom low. The
bottom line is you must be creative and innovative to keep up your fi tness
program. With some imagination and planning, it is easy to do.
Suggested Reading:
The Complete Home Fitness Handbook by Edmund Burke, Human
Kinetics Publisher.
Full Body Flexibility by Jay Blahnik, Human Kinetics Publisher.
Building Strength and Stamina by Wayne Wescott, PhD, Human
Kinetics Publisher.
Cross-Training for Dummies by Tony Ryan and Martica Heaner,
For Dummies Publisher.
46
CONSOLE CODES
You can customize several parameters on the
HR ClubTrack Plus to conform to your individual
requirements, including changing the workout default
values and setting custom parameters such as time
limits, changing screen contrast, changing language,
and changing units.
To change the workout default values:
1. Press [SPEED UP], [2], [ENTER]. The console
will display DEFAULTS.
2. Press [SPEED UP] or [SPEED DOWN] to scan
through the default choices. Select the option
you want to change by pressing [ENTER]. Then,
use the [SPEED UP] or [SPEED DOWN] keys to
view the choices for the selected option. Press
[ENTER] to accept the choice for that option.
The default options are as follows:
Change default weight
Use the numeric keypad or [SPEED UP] or
[SPEED DOWN] keys to change the desired
default weight for your facility. Press [ENTER]
to accept the new value.
Change default age
Use the numeric keypad or [SPEED UP] or
[SPEED DOWN] keys to change the desired
default age used to calculate target heart rate.
Valid age range is between 10 and 99 minutes.
Press [ENTER] to accept the new value.
Change default % Target HR
NAUTILUS ®
Customizing the HR ClubTrack Plus
Treadmill
default workout time between 10 and 99
minutes. Press [ENTER] to accept the
new value.
CONSOLE CODES
There are 4 groups of console codes as follows:
Customization (codes starting with 2 or 3), Machine
Status (codes starting with 4), Diagnostic (codes
starting with 6 or 7), and Configuration (codes
starting with 8). Each group of codes is defined
below. To access these console codes and the
options within each group, follow the instructions for
each section.
Use the numeric keypad or [SPEED UP] or
[SPEED DOWN] keys to change the desired
target HR value based on maximum HR. This
is used to calculate the target heart rate value
based on the % of maximum HR. Valid target HR
% is between 40 and 90%. Press [ENTER] to
accept the new value.
Change default Speed
Use the numeric keypad or [SPEED UP] or
[SPEED DOWN] keys to change the desired
default speed for your facility. Valid speed
range is 0.5 - 12 mph (0.8 - 19.2 kph) Press
[ENTER] to accept the new value.
Change Quick Start start speed
Use the numeric keypad or [SPEED UP or
DOWN] keys to change the desired start speed
for the Quick Start feature. Valid speed values
are either 0.5 mph or 1.0 mph. (0.8 kph or 1.6
kph).
To customize the console for your use:
Change default workout time
1. Press [SPEED UP], [3], [ENTER]. The console
will display “CUSTOMIZE.”
Use the numeric keypad or [SPEED UP] or
[SPEED DOWN] keys to change the desired
2. Press [SPEED UP or DOWN] to scan through
the customize choices. Select the option you
47
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
CONSOLE CODES
CONSOLE CODES
®
want to change by pressing [ENTER]. Then,
use the [SPEED UP or DOWN] keys to view the
choices for the selected option. Press [ENTER]
to accept the choice for that option.
The customize options are as follows:
Adjust upper LCD screen contrast
•
Max time limit
•
NAUTILUS ®
Dutch, Swedish, Japanese). Press [ENTER] to
select your option.
Use the numeric keypad to enter the desired
time limit between 5 and 99 minutes. Press
[ENTER] to accept the new time limit.
Adjust lower LCD screen contrast
•
Change default Cool Down Time
•
Use the numeric keypad or [SPEED UP or
DOWN] keys to change the desired default cool
down time between 1 and 10 minutes. Press
[ENTER] to accept the new value.
Use the [SPEED UP or DOWN] keys to toggle
between USA units and Metric units. Press
[ENTER] to select your option.
•
Use the numeric keypad or the [SPEED UP or
DOWN] keys to change the desired max speed
for your facility. Valid speed range is 0.5 mph
– 12 mph (0.8 – 19.2 kph).
Enable Mag Key
Choose the type of heart rate input.
Use the [SPEED UP or DOWN] keys to enable
or disable the Magnetic Safety Stop feature.
Press [ENTER] to select your option.
•
Auto Stop
See Heart Rate Priority in the previous section
for details of the choices.
•
Select Stats
Use the [Speed UP or DOWN] keys to view the
choices (Vertical Feet, Calories/Hour, Watts
and METs). Press [ENTER] to select your
option. Press [SPEED UP or DOWN] to toggle
between ON and OFF. Press [ENTER] to
confirm your selection.
Choose console language
•
48
Use the [SPEED UP or DOWN] keys to increase
or decrease the contrast level of the upper LCD.
Press [ENTER] to select your option.
Change Max Speed
Change units
•
Use the [SPEED UP or DOWN] keys to increase
or decrease the contrast level of the upper LCD.
Press [ENTER] to select your option.
Use the [SPEED UP or DOWN] keys to view the
choices (English, German, French, Spanish, Italian,
Use the [SPEED UP or DOWN] keys to enable or
disable the Auto Stop feature. Press [ENTER]
to select your option.
Reset Defaults
•
This code will reset all exercise parameters to
the factory defaults. Press [ENTER], to accept
the default values.
3. To exit “CUSTOMIZE”, press the [CLEAR] key.
CONSOLE CODES
Machine Status Codes
1. Press [SPEED UP], [4], [ENTER]. The console
will display “MACHINE STATUS”.
• Display the treadmill drive version. The
console will display “ # “
Machine run time in hours since last cleared (used
for maintenance)
2. Press [SPEED UP or DOWN] to scan through
the choices. Select the option you want to view
by pressing [ENTER]. Press [CLEAR] to exit the
machine status codes.
The machine status options are as follows:
Machine run time in hours
• Display the machine run time in hours.
The console will display “RUN HOURS #####”.
Number of workouts
• Display the number of times a workout key
has been pressed. The console will display
“WORKOUTS ####”.
Distance traveled
• Display the total distance traveled in miles
(or kms if console is set to Metric units) . The
console will display “DISTANCE #####”.
Software revision
• Display the console software revision number.
The console will display “CONS 41376-###”.
Machine type
• Display the machine type the console is
currently configured to. The console will
display “Quinton Fitness by Nautilus” or other
machine type.
NAUTILUS ®
• Display the machine run time since last
cleared. The console will display “MAINT
HOURS #####”. This will provide the number
of hours between service or maintenance calls.
The machine run time is reset to zero in the
following Diagnostics section.
CONSOLE CODES
To view maintenance information such as the run
time in hours, number of workouts and distance,
as well a machine type and software revision:
TM Drive version
3. To exit “MACHINE STATUS”, press the [CLEAR]
key.
Diagnostic Codes
Diagnostic codes are used to test various
components of the machine such as the
display, keyboard, serial port, alternator,
and tachometer, as well as viewing the
error log information and resetting the time
between service or maintenance calls. To run
diagnostics and view diagnostic information:
1. Press [SPEED UP], [6], [ENTER]. The console
will display “DIAGNOSTICS”.
2. Press [SPEED UP or DOWN] to scan through
the choices. Select the option you want to view
by pressing [ENTER].
The diagnostic options are as follows:
Test display
•
To test the LCD display, press [ENTER] when
the message, “DISPLAY TEST” is displayed.
The console screen alternates turning on all
LCD segments and a representative program
screen. Verify that all LCD segments turn on.
49
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
CONSOLE CODES
®
NAUTILUS ®
CONSOLE CODES
Test keyboard
•
To test all the keys on the keyboard, press
[ENTER] when the message, “KEY TEST”
is displayed. Then, press any key on the
keyboard and that key’s name will be displayed
in the text line. Press [CLEAR] as the last key
to exit this test.
Test serial port
•
To test the serial port, press [ENTER] when the
message, “SERIAL TESTS” is displayed. This
test performs a serial loop back test. Select the
CSAFE RS-232 selection. You will need a loopback test cable (PN 040051-001) inserted into
the appropriate connector port to successfully
run this test. Console will display either “PASS”
or “FAIL”.
3. To exit “DIAGNOSTICS”, press the [CLEAR] key.
3. To review the error log and reset the service
timer, press [SPEED UP], [7], [ENTER]. The
console will display “DIAGNOSTICS2”. Press
[SPEED UP or DOWN] to scan through the
choices. Select the option you want by
pressing [ENTER].
Error log
•
50
To display the machine’s error log, press
[ENTER] when the message, “ERROR LOG”, is
displayed. The console will report various
error messages in the display window. The
total amount of errors will be displayed in the
upper right window. Note that only the highest
priority reported error will be displayed. Errors
are handled in two ways. First, as a nonfatal “WARNING” which will display the text
message but continue system operation until
you press the [CLEAR] key. The second way is
a fatal “ERROR” which will stop the exercise
and return the system to an idle intensity state.
The console will display the error text and not
let you restart the program unless power has
been turned off and then back on.
Reset service time
•
To reset the time between service or
maintenance calls, press [ENTER] when
the message, “MAINT HOURS” is displayed.
Selecting this code will reset the maintenance
timer to 0 hours.
3. To exit “DIAGNOSTICS2”, press the [CLEAR]
key.
MAINTENANCE INSTRUCTIONS
HELPFUL HINTS
MAINTENANCE
If you keep your Nautilus treadmill properly maintained and serviced, it will
operate more efficiently and last longer. Read all maintenance instructions
thoroughly before beginning work. In some cases, an assistant is required to
perform the necessary tasks. All references to the right or left side and to the
front or back are made as if you were on the machine ready to exercise.
MAINTENANCE RECORDS
NAUTILUS ®
For ease of maintenance the HR ClubTrack ® Plus console will keep track of hours,
number of workouts, time between last servicing, etc. You can quickly access
any of the custom menus by pressing [SPEED UP], [4], [ENTER]. The console
will then display MACHINE STATUS. Use the [SPEED UP] and [SPEED DOWN]
keys to scroll through the options. For details, refer to the Machine Status
Console Codes in the previous section.
RESETTING THE MAINTENANCE HOUR TIMER
After each maintenance period reset the counter. Press [SPEED UP], [7],
[ENTER]. Then use the Speed keys to scroll through the options. When MAINT
HOURS is displayed, press [ENTER]. The console will display RESET SERVICE.
Press [ENTER]. The console wil display DONE. Press [CLEAR] to return to the
opening screen.
INITIAL SERVICE
Upon receiving your machine, use a soft, clean towel to wipe off the dust, which
may have accumulated during shipping. Your new machine will require minor
assembly. Refer to the “Installation Instructions” section for details.
51
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
PREVENTATIVE MAINTENANCE
®
NAUTILUS ®
MAINTENANCE
Cleaning
1. DO NOT USE GLASS CLEANERS OR ANY OTHER
HOUSEHOLD CLEANERS ON THE CONSOLE.
Clean the console daily with a water-dampened
cloth and wipe dry after cleaning.
2. Clean the exterior of the machine daily using
soap and water or a diluted, non-mineral based
household cleaner such as Fantastic®.
3. Elevate the treadmill to maximum incline and
vacuum the floor under weekly it to prevent excess
dust and dirt from interfering with operation.
4. Depending upon the treadmill environment,
dust and or lint can accumulate under the hood.
Periodic internal cleaning should be done by a
qualified service personnel.
Inspection
1. Frame: Inspect the frame for any rust, bubbling, or
paint chips during the weekly cleaning. The salt in
perspiration can damage the unpainted surfaces.
Repair the damaged area with a touch-up paint kit
purchased from Nautilus (call Customer Service
for order information).
2. Inspect the power cord and walking belt for wear.
3. Check the position of the walking belt; be sure it is
not rubbing against the frame. The belt should be
evenly spaced on the deck within 0.25 inch; adjust
if necessary.
4. Remove potential hazards from the treadmill area.
52

WARNING DRY MOP THE DECK UNDER
THE BELT ONLY. DO NOT ADD ANY LUBRICANTS.
ADDING LUBRICANTS CAN RUIN THE PROPRIETARY
FRICTION-CONTROL SURFACE.
DO NOT USE DETERGENTS OR CLEANING AGENTS
ON ANY PART OF THE DECK.
DO NOT LET LIQUID ENTER THE TREADMILL
OR DISPLAY.

WARNING DO NOT REMOVE THE
TREADMILL HOOD: DANGEROUS VOLTAGES ARE
PRESENT. COMPONENTS ARE SERVICEABLE ONLY
BY QUALIFIED SERVICE PERSONNEL.
Treadmill Belt Adjustments

WARNING SECURE LONG HAIR AND
LOOSE CLOTHING BEFORE WORKING NEAR THE
TREADMILL WALKING SURFACE OR PULLEYS.
As the treadmill walking belt stretches through use
it will become necessary to tension the belt. This
often occurs within the first few months of use.
Adjust the belt tension whenever the belt slips or
moves unsteadily during operation. The belt tension
is adjusted by moving the rear roller of the treadmill
back to reduce slack. This is accomplished by turning
the adjustment bolts located on the back of
the treadmill.
PREVENTATIVE MAINTENANCE
walking belt! The belt need only be tight enough to
prevent it from slipping during use. Excessive belt
tension will decrease belt life and can damage the
treadmill rollers and drive system.
1. Using a 1⁄ 2” socket, turn the left and right
adjusting bolts clockwise 1/2 turn. Use care to
make each adjustment equal to insure proper
belt alignment.
2. Test the belt by running on the belt at about 4
MPH. Hold the handrail lightly and resist the
belt movement with your feet. If walking belt
slips, repeat step 1.
a. If the belt moves to the right, turn the right
tension bolt 1/4-turn clockwise.
b. If the belt moves to the left, turn the left
tension bolt 1/4-turn clockwise.
3. After making an initial adjustment, run the
treadmill for five minutes and observe how the belt
tracks. If the belt continues to move away from
the center, adjust the appropriate side as in Step 2
until properly centered.
NAUTILUS ®
Adjustment
Bolts
of the bolts:
MAINTENANCE

IMPORTANT Do not over tighten

IMPORTANT Do not over tighten
walking belt! The belt need only be tight enough to
prevent it from slipping during use. Excessive belt
tension will decrease belt life and can damage the
treadmill rollers and drive system.
Belt Replacement
If the walking belt becomes worn from heavy usage,
it may need to be replaced. Call an Authorized
Nautilus ® Fitness Dealer or a Service Technician
to obtain service.
Moving and Storage of Treadmill

IMPORTANT Treadmill is extremely
Belt Tracking
Perform this procedure whenever the belt moves to
one side or the other. Stay off the belt when adjusting
the tracking.
1. Start the treadmill at minimum speed and incline.
2. Increase speed to 5 mph and make the following
adjustment. The figure above shows the location
heavy and awkward and requires two people to
safely move!
1. Set the treadmill to maximum incline.
2. To avoid electrical shock, turn off the power
switch on the treadmill, then remove the treadmill
power cord from the power source before moving
the treadmill.
53
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
PREVENTATIVE MAINTENANCE
NAUTILUS ®
MAINTENANCE
®

WARNING AS LONG AS THE
TREADMILL IS PLUGGED INTO A POWERED OUTLET
AND THE TREADMILL CIRCUIT BREAKER IS ON, THE
UNIT IS RECEIVING POWER, EVEN IF THE DISPLAY
IS TURNED OFF.
3. Together, lift the rear of the treadmill, then roll it
to the new site using the wheels on the front of
the treadmill.
When storing for prolonged periods, cover the
treadmill with a dust cover. Do not store in damp
areas. Do not store the treadmill on its end as it could
fall on someone.
Using After Storage Period
Before using the treadmill again after moving or
storage, check the power cord and all attachments to
be sure they are undamaged and securely connected,
then test the system for proper operation.
54
NAUTILUS ®
55
C H A N G I N G T H E G A M E I N H E A LT H A N D F I T N E S S ®
COMMERCIAL MARKET WARRANTY INFORMATION
NAUTILUS ®
WARRANTY
®
All Nautilus, Inc. exercise products are warranted
to the commercial market purchaser to be free from
defects in materials and workmanship. Warranty
coverage valid to the original purchaser only and
proof of the purchase will be required. Any product
sold or placed in an application not recommended
by Nautilus, Inc. will void any warranty coverage
set forth by Nautilus, Inc. warranty policies and
procedures.
Time Period
15 -Years - Frame and AC-motor
3 - Years- Mechanical and electrical parts
1-Year- Labor
1 Year - Wear items
What this warranty does not cover
1. Any damage, failure or loss caused by accident,
misuse, neglect, abuse, improper assembly,
improper maintenance or failure follow
instructions or warnings in Owner’s Manual.
2. Use of product in a manner or environment for
which it was not designed.
Limitations
56
The foregoing warranties are in lieu of and exclude
all other warranties not expressly set forth herein,
whether expressed or implied by operation of law or
otherwise, including, but not limited to, warranties
of merchantability or fi tness for a particular
purpose. Nautilus, Inc. shall in no event be liable
for incidental or consequential losses, damages or
expenses in connection with its exercise products.
Nautilus, Inc. liability hereunder is expressly
limited to the replacement of goods not complying
with this warranty or, at Nautilus, Inc. election, to
the replacement amount of the purchase price of
the exercise product in question. Some states do
not permit the exclusion or limitation of implied
warranties or incidental or consequential damages,
so the preceding limitations and exclusions may not
apply to you.
Procedures
Warranty service will in most cases be performed
by an authorized Nautilus ® Fitness Dealer or Service
Technician. The original purchaser must provide proof
of purchase. Service calls and/or transportation to
and from the Nautilus ® Dealer is the responsibility of
the purchaser.
1. Nautilus, Inc. will have the option to repair or
replace any exercise product, which requires
service.
2. Nautilus, Inc. will replace any equipment frame
that is structurally defective with a new frame
or replace the unit with a unit of equal value.
3. Nautilus, Inc. is not responsible for dealer
labor charges for the component changeovers
completed after the labor related warranty
period stated herein.
4. If you elect to repair an exercise product or part
yourself, using the services of someone other
than an authorized Nautilus Fitness Dealer or
Service Technician, or use a replacement part
not supplied by Nautilus, Inc., Nautilus, Inc.
shall not be liable for any cost, damage, failure
or loss caused by the use of such unauthorized
service or parts.
CONTACTING NAUTILUS, INC.
OFFICES IN THE UNITED STATES:
INTERNATIONAL OFFICES:
E-mail: customerservice@nautilus.com
For technical assistance and a list of distributors in your
area, please call or fax one of the following numbers.
CORPORATE HEADQUARTERS
Nautilus, Inc.
World Headquarters
16400 SE Nautilus Drive
Vancouver, Washington, USA 98683
Phone: (800) NAUTILUS (800) 628-8458
INTERNATIONAL CUSTOMER SERVICE
Nautilus International S.A.
Rue Jean Prouvé
1762 Givisiez / Switzerland
Tel: (41) (26) 460 77 77
Fax: (41) (26) 460 77 70
E-mail: technics@nautilus.com
NAUTILUS ®
TECHNICAL/CUSTOMER SERVICE
Phone: 800-NAUTILUS (800-628-8458)
Fax: (877) 686-6466
E-mail: cstech@nautilus.com
CONTACT INFORMATION
If you need assistance, please have both the serial number of your machine and the date of purchase available
when you contact the appropriate Nautilus, Inc. office listed below.
GERMANY and AUSTRIA
Nautilus Deutschland GmbH
Albin-Köbis-Str. 4
51147 Köln
Tel.: (49) 02203 2020 0
Fax: (49) 02203 2020 45 45
ITALY
Nautilus Italy S.r.l., Via della Mercanzia, 103
40050 Funo di Argelato - Bologna
Tel: (39) 051 664 6201
Fax: (39) 051 664 7461
SWITZERLAND
Nautilus Switzerland SA
Rue Jean-Prouvé 6,
CH-1762 Givisiez
Tel: (41) 026 460 77 66
Fax: (41) 026 460 77 60
UNITED KINGDOM
Nautilus UK Ltd
Nautilus UK, 4 Vincent Avenue,
Crownhill, Milton Keynes, Bucks, MK8 0AB
Tel: (44) 1908 267 345
Fax: (44) 1908 567 346
CHINA
Nautilus Representative Office
Nautilus, Shanghai, 7A No.728, Yan’an Rd(West),
200050 Shanghai, China
Tel: (86) 21 523 707 00
Fax: (86) 21 523 707 09
57
©2007. Nautilus, Inc. All rights reserved. Nautilus, the Nautilus Logo, StairMaster and Changing
the Game in Health and Fitness are either registered trademarks or trademarks of Nautilus, Inc.
All other marks are either registered trademark or trademarks of their respective company.
The Nautilus, Inc. World Headquarters, 16400 SE Nautilus Drive, Vancouver, WA 98683
1 800-NAUTILUS www.nautilus.com
PN 001-7166 Rev A (08/17/2007)
Service Manual
&OXE7UDFNŠ&OXE7UDFNŠ3OXVŠ
&OXE7UDFNŠ&OXE7UDFNŠ3OXVŠ
315HY1HZ
ISO 9001
CERTIFIED
7KHJHQHUDOTXDOLW\V\VWHPDW4XLQWRQ,QVWUXPHQW&RPSDQ\LVFHUWLILHGE\
%ULWLVK6WDQGDUGV,QVWLWXWLRQ%6,WR,62(1VWDQGDUGVXQGHU
&HUWLILFDWH1XPEHU
7KLVLVWKH&(PDUNLQJRIFRQIRUPLW\LQGLFDWLQJWKDWWKHGHYLFHKDYLQJWKLV
V\PERORQLWVLPPHGLDWHODEHOPHHWVWKHDSSOLFDEOHUHTXLUHPHQWVRIWKH
(XURSHDQ0DFKLQHU\/RZ9ROWDJHDQG(0&'LUHFWLYHV
7UDGHPDUNV
4XLQWRQ&OXE7UDFN&OXE7UDFN3OXV&OXE7UDFN&OXE7UDFN3OXV
&OXE7UDFNDQG&OXE7UDFN3OXVDUHUHJLVWHUHGWUDGHPDUNVRI
4XLQWRQ,QVWUXPHQW&RPSDQ\&OXE7UDFN+\SHUGULYH46HULHVDQG
6HULHVDUHWUDGHPDUNVRI4XLQWRQ,QVWUXPHQW&RPSDQ\$OORWKHU
SURGXFWDQGFRPSDQ\QDPHVDUHWUDGHPDUNVRUUHJLVWHUHGWUDGHPDUNVRI
WKHLUUHVSHFWLYHFRPSDQLHV
&RS\ULJKW‹4XLQWRQ,QVWUXPHQW&RPSDQ\
$OOULJKWVUHVHUYHG
315HY1HZ
9LVLWRXUZHEVLWHDWZZZTXLQWRQFRP
4XLQWRQ,QVWUXPHQW&RPSDQ\
0RQWH9LOOD3DUNZD\
%RWKHOO:$
3KRQH)D[
86$&DQDGD
6DOHV6HUYLFH
,17(51$7,21$/6$/(6
3KRQH)D[
&RQWHQWV
2YHUYLHZ
&RQILJXUDWLRQ3ODWH 3RZHU 2SHUDWLRQ 7KHRU\RI2SHUDWLRQ
2YHUYLHZ &RQWUROOHU$VVHPEO\ +HDGIUDPH$VVHPEO\ 'HFNDQG5ROOHU$VVHPEO\ &RQWUROOHU$VVHPEO\ .H\SDQHO 8VHU,QSXWV 2XWSXW'LVSOD\V $GGLWLRQDO)XQFWLRQV &RQWUROOHUWR7UHDGPLOO,QWHUIDFH &OXE7UDFN3OXV,QWHUIDFH +HDGIUDPH$VVHPEO\ ,QSXW3RZHU0RGXOH 'ULYH%RDUG 'ULYH0RWRU$VVHPEO\ *UDGH0RWRU$VVHPEO\DQG6\VWHP 'HFNDQG5ROOHU$VVHPEO\ +HDUW5DWH0RQLWRULQJ³:LUHOHVV 7UDQVPLWWHU 5HFHLYHU &OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&RQWHQWVLLL
0LFURSURFHVVRU
+HDUW5DWH0RQLWRULQJ³+DQGJULS
7URXEOHVKRRWLQJ
7RROV (OHFWULFDO3UREOHPV (OHFWURQLF3UREOHPV (UURU&RGHV 6HUYLFH0RGH &RQWUROOHU.H\V 'LVSOD\V&OXE7UDFNRQO\ (UURU/RJ3OXV0RGHOVRQO\ 6SHHG*UDGH2SHQ/RRS0RGH&OXE7UDFNRQO\
6SHHG'LUHFW6SHHG&RQWURO *UDGH $FWXDO*UDGH3OXV0RGHOVRQO\ /&''LVSOD\7HVW3OXV0RGHOVRQO\ /&'&RQWUDVW3OXV0RGHOVRQO\
/&'%ULJKWQHVV ([WHUQDO563RUW7HVW3OXV0RGHOVRQO\ 3URJUDP/RRS3OXV0RGHOVRQO\ &OHDULQJ1RQYRODWLOH5$0
&OXE7UDFN0RGHOV
&OXE7UDFN3OXV0RGHOV
9LHZLQJWKH'ULYH5HYLVLRQ1XPEHU &OXE7UDFN0RGHOV
&OXE7UDFN3OXV0RGHOV
9LHZLQJWKH&RQWUROOHU5HYLVLRQ1XPEHU &OXE7UDFN0RGHOV
&OXE7UDFN3OXV0RGHOV
7HVWLQJ3LQ6LJQDOVRQWKH&RPPXQLFDWLRQV&DEOH
6LJQDOVRQ&RQWURO&DEOH3LQV +HDUW5DWH0RQLWRULQJ 7HVWLQJ:LUHOHVV6\VWHP+HDUW5DWH$FFXUDF\ 7HVWLQJ+DQGJULS+HDUW5DWH$FFXUDF\ LY&RQWHQWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
0HFKDQLFDO3UREOHPV :DON%HOW 'ULYH%HOW 7UHDGPLOO1RLVH )ORZ&KDUWV (UURU&RGH)ORZ&KDUW(3+,DQG(3/2 (UURU&RGH)ORZ&KDUW( (UURU&RGH)ORZ&KDUW( (UURU&RGH)ORZ&KDUWV(((( 5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
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
&RQWHQWVY
5HSODFLQJWKH'ULYH0RWRU )LHOG)XQFWLRQDO7HVW
5HSODFLQJWKH*UDGH$FWXDWRU &DOLEUDWLQJWKH*UDGH6\VWHP )LHOG)XQFWLRQDO7HVW
:DON'HFN$VVHPEO\
5HSODFLQJWKH5ROOHUV
)LHOG)XQFWLRQDO7HVW
5HSODFLQJWKH:DON%HOWRU'HFN )LHOG)XQFWLRQDO7HVW
5HSODFLQJ&RPSUHVVLRQ0RXQWV )LHOG)XQFWLRQDO7HVW
5HSODFLQJWKH'HFN )LHOG)XQFWLRQDO7HVW
$GMXVWLQJWKH:DON%HOW :DON%HOW7HQVLRQ 0HWKRG&DOLSHUVDYDLODEOH 0HWKRG&DOLSHUVQRWDYDLODEOH :DON%HOW7UDFNLQJ
&RQWUROOHU$VVHPEO\
5HPRYLQJWKH(QFORVXUH )LHOG)XQFWLRQDO7HVW
5HSODFLQJWKH3&%$ &OXE7UDFN
&OXE7UDFN3OXV 5HSODFLQJWKH+DQGUDLO7UHDGPLOOVZLWK+DQGJULS+HDUW5DWHIHDWXUH
5HSODFLQJWKH)OXRUHVFHQW7XEH3OXV0RGHOV
5HSODFLQJWKH+DQGJULS+HDUW5DWH0RGXOH
)LHOG)XQFWLRQDO7HVW
&RQILJXULQJWKH&RQWUROOHU )LHOG)XQFWLRQDO7HVW
5HPRYLQJWKH.H\SDQHO 5HSODFLQJWKH&RQWUROOHU&DEOH )LHOG)XQFWLRQDO7HVW
YL&RQWHQWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&XPXODWLYH8VH &OXE7UDFN &OXE7UDFN3OXV /LPLWHG$FFHVV6ZLWFK 'LVDEOLQJWKH/LPLWHG$FFHVV6ZLWFK 3UHYHQWLYH0DLQWHQDQFH
5HFRPPHQGHG6HUYLFH 5RXWLQH0DLQWHQDQFH 9LVXDO,QVSHFWLRQ &OHDQLQJWKH([WHULRU 9DFXXPLQJ8QGHUWKH7UHDGPLOO+RRG )UHTXHQF\ 5HSODFHPHQW6FKHGXOHV +HDUW5DWH0RQLWRULQJ &OHDQLQJ %DWWHU\ 6WRUDJH 6DIHW\5HTXLUHPHQWV
6\PERO'HILQLWLRQV $
6SHFLILFDWLRQV
&OXE7UDFN3OXVDQG
&OXE7UDFN3OXV %
&OXE7UDFN&RQWUROOHUV %
&OXE7UDFN3OXV&RQWUROOHUV %
3HUFHQWYV$QJOH5HODWLRQVKLSIRU7UHDGPLOO*UDGH %
3DUW1XPEHUV
)LQDO$VVHPEOLHV &
2SHUDWRUDQG6HUYLFH0DQXDOV &
6SDUHV &
&RQWUROOHUV &
&OXE7UDFN31 &
&OXE7UDFN3OXV31 &
$FFHVVRULHVIRU+HDUW5DWH0RQLWRULQJ &
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&RQWHQWVYLL
)LHOG)XQFWLRQDO7HVWV
&RPSOHWH)LHOG)XQFWLRQDO7HVW '
&OXE7UDFN '
&OXE7UDFN3OXV '
7HVWWKH&RQWUROOHU.H\V '
7HVWWKH.H\SDQHO'LVSOD\V '
7HVWWKH:LUHOHVV+HDUW5DWH0RQLWRULQJ '
7HVWLQJ+DQGJULS+HDUW5DWH0RQLWRULQJ '
)LHOG7HVW1R '
&OXE7UDFN '
&OXE7UDFN3OXV '
)LHOG7HVW1R '
&OXE7UDFN '
&OXE7UDFN3OXV '
)LHOG7HVW1R '
)LHOG7HVW1R '
)LHOG7HVW1R '
&OXE7UDFN '
&OXE7UDFN3OXV '
7HVWWKH&RQWUROOHU.H\V '
7HVWWKH.H\SDQHO'LVSOD\V '
7HVWWKH:LUHOHVV+HDUW5DWH0RQLWRULQJ '
7HVWLQJ+DQGJULS+HDUW5DWH0RQLWRULQJ '
$VVHPEO\'UDZLQJV
4XLFN5HIHUHQFH
.H\VWURNH&RPPDQGV )
&OXE7UDFN)
&OXE7UDFN3OXV )
(UURU&RGHV )
6HOI7HVW )
2SHUDWLQJ )
,QGH[
YLLL&RQWHQWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHIDFH
7KLVPDQXDOFRQWDLQVLQIRUPDWLRQIRUVHUYLFLQJDQGUHSDLULQJWKH
IROORZLQJ4XLQWRQŠ&OXE7UDFNŠWUHDGPLOOVWRWKHPRGXOHOHYHO
&OXE7UDFNŠ
31
&OXE7UDFNŠ3OXVŠ
31
&OXE7UDFNŠ
31
&OXE7UDFNŠ3OXVŠ
31
7KHPDQXDOFRYHUVGRPHVWLFDQGLQWHUQDWLRQDOYHUVLRQVRIWKH
WUHDGPLOOVZKLFKDUHGLIIHUHQWLDWHGE\GDVKQXPEHU³VHH$SSHQGL[
&3DUW1XPEHUV
7KHPDQXDOLVGHVLJQHGIRU4XLQWRQDXWKRUL]HGVHUYLFHSHUVRQQHO
ZLWKSURSHUWUDLQLQJ7KHUHDUHQRXVHUVHUYLFHDEOHSDUWVLQWKH
WUHDGPLOOV$Q\DWWHPSWE\QRQ4XLQWRQWUDLQHGSHUVRQQHOWR
VHUYLFHWKHWUHDGPLOOPD\YRLGWKHZDUUDQW\)RUVHUYLFH
LQIRUPDWLRQFDOO4XLQWRQ7HFKQLFDO6HUYLFH
%HIRUHVHUYLFLQJWKHWUHDGPLOOUHDGWKHVDIHW\UHTXLUHPHQWVOLVWHG
LQ$SSHQGL[$
>
'RQRWXVHWKLVPDQXDOZKHQVHUYLFLQJ6HULHVŒ46HULHVŒ
&OXE7UDFNŒRU&OXE7UDFN+\SHUGULYHŒWUHDGPLOOV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHIDFHL[
2YHUYLHZ
4XLQWRQ·V&OXE7UDFNVHULHVRIWUHDGPLOOVDUHPRWRUL]HGWUHDGPLOOV
ZLWKEXLOWLQFRQWUROOHUVDQGDUHGHVLJQHGIRUILWQHVVH[HUFLVH7KH
VHULHVLQFOXGHVWKH&OXE7UDFN31&OXE7UDFN3OXV
31&OXE7UDFN31DQG&OXE7UDFN3OXV
317KH&OXE7UDFN3OXVPRGHOVDGGKHDUWUDWHFRQWURO
LQWHUYDOSURJUDPPLQJDQGDFRPSXWHULQWHUIDFH
6HHWKH$SSHQGL[RIWKHDSSOLFDEOHRSHUDWRUPDQXDOIRULQVWDOODWLRQ
UHTXLUHPHQWV
7UHDGPLOO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
2YHUYLHZ
&RQILJXUDWLRQ3ODWH
'RPHVWLF&RQILJXUDWLRQ
,QWHUQDWLRQDO&RQILJXUDWLRQ
3RZHU
7KHFLUFXLWEUHDNHURQWKHIURQWRIWKHWUHDGPLOOKRRGFRQWUROVWKH
SRZHUWRWKHWUHDGPLOO7KHFLUFXLWEUHDNHUPXVWEHVHWWR21IRUWKH
WUHDGPLOOWRUXQ
>
2YHUYLHZ
7XUQRIIWKHFLUFXLWEUHDNHUEHIRUHFRQQHFWLQJRUGLVFRQQHFWLQJ
WKHWUHDGPLOOIURPWKHZDOORXWOHW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
2SHUDWLRQ
7KHFRQWUROOHUZKLFKLVPRXQWHGDERYHWKHIURQWKDQGUDLOLVD
FRPSXWHUL]HGSDQHOXVHGWRRSHUDWHWKHWUHDGPLOO$OOFRPPDQGV
LQFOXGLQJSRZHUDUHHQWHUHGE\SUHVVLQJDVRIWWRXFKNH\RQWKH
SDQHO9LVXDOLQGLFDWRUVDQGGLVSOD\VVKRZWKHRSHUDWLRQDOVWDWXV
DQGH[HUFLVHUHVXOWV
PDJQHW
3&%$
.H\SDQHO
&OXE7UDFNDQG&OXE7UDFN
3&%$
.H\SDQHO
&OXE7UDFN3OXVDQG&OXE7UDFN3OXV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
2YHUYLHZ
7KHRU\RI2SHUDWLRQ
2YHUYLHZ
7KHWUHDGPLOOFRQVLVWVRIWKUHHPDMRUDVVHPEOLHVFRQWUROOHU
KHDGIUDPHDQGGHFNDQGUROOHU
&RQWUROOHU$VVHPEO\
7KHFRQWUROOHUDVVHPEO\ZKLFKLVPHFKDQLFDOO\DWWDFKHGWRWKH
GHFNLVWKHXVHULQWHUIDFH7KHXVHUSUHVVHVDNH\RQWKHFRQWUROOHU
WRHQWHUDFRPPDQG7KHFRQWUROOHU
‡
‡
‡
SURFHVVHVWKHXVHUHQWHUHGLQIRUPDWLRQ
GLVSOD\VDOOH[HUFLVHGDWD
VHQGVFRPPDQGVWRWKHKHDGIUDPHDVVHPEO\
7UHDGPLOO6XEDVVHPEOLHV
+HDGIUDPH$VVHPEO\
7KHKHDGIUDPHDVVHPEO\LQFOXGHVWKHGULYHDQGJUDGHV\VWHPVDQG
WKHHOHFWURQLFVWKDWGULYHWKHVHV\VWHPV$WKUHHSKDVH$&PRWRU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7KHRU\RI2SHUDWLRQ
GULYHVWKHZDONEHOWE\VXSSO\LQJWRUTXHDQGVSHHGWRWKHGULYH
SXOOH\WKURXJKDGULYHEHOW$Q$&DFWXDWRUGULYHVWKHIURQWRIWKH
WUHDGPLOOXSDQGGRZQWRVLPXODWHKLOOV7KHKHDGIUDPHDVVHPEO\
UHFHLYHVVSHHGDQGJUDGHFRPPDQGVIURPWKHFRQWUROOHU
'HFNDQG5ROOHU$VVHPEO\
7KHGHFNDQGUROOHUDVVHPEO\LVDWWDFKHGWRWKHKHDGIUDPHDQG
VXSSRUWVWKHUHDURIWKHWUHDGPLOO,WSURYLGHVWKHSODWIRUPIRUWKH
ZDONEHOW7KHGULYHEHOWVXSSOLHVWRUTXHWRWKHZDONEHOWWKURXJK
WKHGULYHUROOHUSXOOH\
&RQWUROOHU$VVHPEO\
7KHFRQWUROOHUDVVHPEO\FRQVLVWVRIDNH\SDQHODQG3&%$PRXQWHG
LQDQHQFORVXUH7KHHQFORVXUHLVUHPRYDEOHIURPWKHUHDUSDQHO
ZKLFKPRXQWVWRWKHXSULJKWV
&RQWUROOHU6XEDVVHPEOLHV
.H\SDQHO
7KHNH\SDQHODVVHPEO\FRQVLVWVRIDPHPEUDQHNH\RUVZLWFKSDQHO
SHUPDQHQWO\ERQGHGWRWKHHQFORVXUH7KH3&%$WKHQPRXQWVWRWKH
HQFORVXUHZLWKDQ(0,VKLHOG7KHNH\SDQHODQG3&%$DUH
FRQQHFWHGWKURXJKDIOH[LEOHFDEOHWKDWLVSDUWRIWKHNH\SDQHO$
NH\SDQHOFRQQHFWRUPDWHVWRD3&%$FRQQHFWRU
8VHU,QSXWV
7KHXVHUHQWHUVDOOFRQWUROFRPPDQGVWKURXJKWKHNH\SDQHO7KH
FRQWUROOHUVFDQVWKHPHPEUDQHVZLWFKHVRQWKHNH\SDQHO7KH
FRQWUROOHU3&%$LQWHUSUHWVVZLWFKFORVXUHXSGDWHVWKHGLVSOD\HG
YDOXHVDQGVHQGVFRQWUROFRPPDQGVWRWKHGULYHERDUG
7KHRU\RI2SHUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
2XWSXW'LVSOD\V
7KHFRQWUROOHUDVVHPEO\XVHV/('GLVSOD\VPRXQWHGRQWKH
FRQWUROOHU3&%$7KHVHGLVSOD\VVKRZSHUWLQHQWWUHDGPLOO
LQIRUPDWLRQLQFOXGLQJWDUJHWVSHHGDQGJUDGHDQGDFFXPXODWHG
H[HUFLVHLQIRUPDWLRQ7KH&OXE7UDFN3OXVDQGGLVSOD\GDWD
RQDQ/&'VFUHHQ
$GGLWLRQDO)XQFWLRQV
7KHFRQWUROOHUDVVHPEO\DOVR
‡
‡
‡
SHUIRUPVDQHOHFWURQLFVHOIWHVWZKHQWKHWUHDGPLOOLVWXUQHGRQ
SURYLGHVDVSHFLDOPRGHIRUPDQXIDFWXULQJDQGVHUYLFHWHVWLQJ
LQFOXGHVFLUFXLWU\IRUWKHPDJQHWLFDFFHVVVZLWFK
&RQWUROOHUWR7UHDGPLOO,QWHUIDFH
7KHFRQWUROOHUFRPPXQLFDWHVZLWKWKHWUHDGPLOOGULYHERDUG
WKURXJKDVWDQGDUG56LQWHUIDFH7KHFRQWUROOHUVHQGV
FRPPDQGVWRWKHWUHDGPLOOGULYHERDUGDQGUHFHLYHVDFNQRZOHGJH
DQGVWDWXVVWDWHPHQWVIURPWKHWUHDGPLOOGULYHERDUG7KH
FRQWUROOHUXVHV9'&SRZHUIURPWKHWUHDGPLOOGULYHERDUGDVWKH
SRZHUVRXUFHIRUDOOFLUFXLWU\DQGIRUWKH/('GLVSOD\V
&OXE7UDFN3OXV,QWHUIDFH
$Q5-LQWHUIDFHFRQQHFWRURQWKHUHDURIWKH&OXE7UDFN
3OXVWUHDGPLOOVSHUPLWVFRQQHFWLQJWKHWUHDGPLOOWRDFRPSXWHUIRU
H[HUFLVHPRQLWRULQJ7KHLQWHUIDFHFRPSOLHVZLWKWKHLQGXVWU\
VWDQGDUG&6$)(FRPPXQLFDWLRQVSURWRFRO&RQVXOW4XLQWRQ·VZHE
VLWHZZZTXLQWRQFRP)LWQHVV3URGXFWVIRUDQLQWHUQHWOLQNWRWKH
&6$)(VSHFLILFDWLRQV
+HDGIUDPH$VVHPEO\
7KHKHDGIUDPHDVVHPEO\FRQVLVWVRIWKHIROORZLQJFRPSRQHQWV
‡
‡
‡
‡
‡
,QSXWSRZHUPRGXOH
'ULYHERDUGDVVHPEO\
'ULYHPRWRUDVVHPEO\
*UDGHDFWXDWRUDVVHPEO\
*UDGHV\VWHPFRQVLVWLQJRIDVZLQJDUPDQGDVVRFLDWHG
EHDULQJV
,QSXW3RZHU0RGXOH
7KHLQSXWSRZHUPRGXOHUHFHLYHVOLQHSRZHUIURPWKHSRZHURXWOHW
:KHQVROGIRUXVHLQWKH8QLWHG6WDWHVDQG&DQDGDWKHVH
WUHDGPLOOVXVH9$&SRZHU:KHQVROGIRUXVHLQ(XURSHDQGWKH
8QLWHG.LQJGRPWKHWUHDGPLOOVXVH9$&SRZHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7KHRU\RI2SHUDWLRQ
'ULYH%RDUG
7KHWUHDGPLOOGULYHERDUGXVHVOLQHSRZHUWRGHYHORS9'&ZKLFK
LVWKHQXVHGWRFUHDWHWKUHHSKDVHSRZHUIRUWKHGULYHPRWRU
DVVHPEO\7KHIUHTXHQF\RIWKHWKUHHSKDVHVLJQDOVHQWWRWKHGULYH
PRWRUGHWHUPLQHVWKHGULYHPRWRUURWDWLRQDOVSHHG7KHPRWRU
FXUUHQWGUDZLVDIXQFWLRQRIWKHWRUTXHORDGSODFHGRQWKHPRWRU
WKURXJKWKHGHFNDVVHPEO\E\WKHXVHU
7KHGULYHERDUGVZLWFKHV9$&RU9$&SRZHUWRGULYHWKH
JUDGHDFWXDWRU7ZR7ULDFVGULYHWKHJUDGHDFWXDWRURQHLQWKH
GLUHFWLRQRILQFUHDVLQJJUDGHWKHRWKHULQWKHGLUHFWLRQRI
GHFUHDVLQJJUDGH
'ULYH0RWRU$VVHPEO\
7KHGULYHPRWRUZKLFKLVGULYHQE\WKHGULYHERDUGGHOLYHUV
YDULDEOHVSHHGSRZHUWRWKHIURQWUROOHURIWKHWUHDGPLOOWKURXJKD
SRO\9EHOWDQGDVHWRIVSHHGUHGXFWLRQSXOOH\V$IO\ZKHHOLQWHJUDO
WRWKHPRWRUSRO\9SXOOH\LVXVHGWRDYHUDJHWKHSXOVLQJUXQQHU
ORDGV
*UDGH0RWRU$VVHPEO\DQG6\VWHP
7KHJUDGHDFWXDWRUGULYHVWKHJUDGHVZLQJDUPZKLFKUDLVHVDQG
ORZHUVWKHIURQWRIWKHWUHDGPLOO
$JUDGHSRWHQWLRPHWHULQVLGHWKHDFWXDWRULVXVHGWRVHQVHWKH
DFWXDOWUHDGPLOOJUDGHIRUWKHJUDGHV\VWHPIHHGEDFN7KHJUDGHSRW
LVDQLQWHJUDOSDUWRIWKHDFWXDWRU
'HFNDQG5ROOHU$VVHPEO\
7KHGHFNDQGUROOHUDVVHPEO\SURYLGHVWKHUXQQLQJVXUIDFHIRUWKH
XVHU7KLVVXUIDFHFRQVLVWVRIDPRYDEOHIOH[LEOHZDONEHOW
VXSSRUWHGE\DVHPLULJLGSODWIRUP7KHSODWIRUPLVVXSSRUWHGE\
DOXPLQXPVLGHUDLOV
$SRO\9EHOWFRXSOHGWKURXJKDSXOOH\WRWKHGULYHPRWRUGULYHV
WKHIURQWUROOHU7KHIURQWUROOHUXVHVIULFWLRQWRGULYHWKHZDONEHOW
$UHDUUROOHUDFWLQJDVDQLGOHUSXOOH\WHQVLRQVWKHZDONEHOW%RWK
UROOHUVDUHPRXQWHGWRWKHVXSSRUWVWUXFWXUH
+HDUW5DWH0RQLWRULQJ³:LUHOHVV
7KHKHDUWUDWHPRQLWRULQJIXQFWLRQLVDZLUHOHVVV\VWHPEDVHGRQ
H[LVWLQJKDUGZDUHSXUFKDVHGIURP32/$5(OHFWUR,QF7KHV\VWHP
FRQVLVWVRIDWUDQVPLWWHUZRUQRQWKHFKHVWRIWKHXVHUDQGD
UHFHLYHUPRXQWHGLQVLGHWKHFRQWUROOHUHQFORVXUH(OHFWURQLFVLQVLGH
WKHEHOWVHQVHHOHFWULFDOHQHUJ\RQWKHVNLQGXULQJDKHDUW
FRQWUDFWLRQ7KHWUDQVPLWWHUHPLWVDVKRUWHOHFWULFDOILHOGEXUVW$W
WKHUHFHLYHUWKHEXUVWLVWUDQVIRUPHGLQWRDGLJLWDOVLJQDOWKDWLV
PRQLWRUHGE\WKHFRQWUROOHUPLFURSURFHVVRU7KHPLFURSURFHVVRU
7KHRU\RI2SHUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
PHDVXUHVWKHWLPHEHWZHHQGLJLWDOSXOVHVWKHQFDOFXODWHVDQG
GLVSOD\VEHDWVSHUPLQXWH
7UDQVPLWWHU
7KHWUDQVPLWWHULVLPEHGGHGLQVLGHWKHFKHVWEHOWDQGEHJLQV
WUDQVPLWWLQJDVVRRQDVLWGHWHFWVWKHXVHU·VKHDUWEHDW
7UDQVPLVVLRQIUHTXHQF\LVDSSUR[LPDWHO\N+]7KHWUDQVPLWWHU
WXUQVRIIZKHQWKHXVHUUHPRYHVLW$EDWWHU\LQVLGHWKHEHOWSRZHUV
WKHWUDQVPLWWHU:KHQWKHEDWWHU\EHFRPHVGLVFKDUJHGWKHEHOWPD\
EHH[FKDQJHGIRUDQH[FKDQJHIHHWKURXJK3RODU
5HFHLYHU
7KHUHFHLYHU3&%$LVPRXQWHGWRWKHFRQWUROOHU3&%$
‡
5HFHSWLRQUDQJHLVDSSUR[LPDWHO\IWP
‡
3UR[LPLW\WRHOHFWULFPRWRUVPRQLWRUVSRZHUVXSSOLHV79HWF
FDQFDXVHGLUHFWLRQDODQGDWWHQXDWLQJLQWHUIHUHQFH
0LFURSURFHVVRU
7KHPLFURSURFHVVRUFDOFXODWHVWKHKHDUWUDWHDQGGLVSOD\VLWLQWKH
PXOWLIXQFWLRQGLVSOD\
+HDUW5DWH0RQLWRULQJ³+DQGJULS
7KHKDQGJULSKHDUWUDWHPRQLWRULQJGHYLFHLVDFRQWDFWHOHFWURGH
V\VWHPWKDWXVHV(&*HOHFWURFDUGLRJUDPVLJQDOVIURPWKHXVHU·V
KDQGVWRVHQVHDQGGLVSOD\WKHKHDUWUDWH7KHVLJQDOVDUHFDUULHG
IURPWKHHOHFWURGHVPRXQWHGRQWKHKDQGUDLOWRDKHDUWUDWH
SURFHVVLQJERDUG$FDEOHWKHQWDNHVWKLVLQIRUPDWLRQDQGEULQJVLW
WRWKHFRQWUROOHU3&%$
2QDQG3OXVPRGHOVLID3RODUFKHVWVWUDSVLJQDOLV
GHWHFWHGDWWKHVWDUWRIDZRUNRXWWKHKDQGJULSLQSXWZLOOEH
LJQRUHGIRUWKHGXUDWLRQRIWKHZRUNRXW
>
+HDUWUDWHFRQWUROLVDYDLODEOHRQO\ZLWKWKH3RODUFKHVWVWUDS
7KHKDQGJULSKHDUWUDWHV\VWHPZRUNVZHOOIRUPRVWSHRSOH
+RZHYHUVRPHLQGLYLGXDOVZLOOQRWJHWJRRGUHVXOWVIURPWKLV
V\VWHPGXHWRSK\VLRORJLFDOGLIIHUHQFHVZKLFKFDXVHORZHOHFWULFDO
VLJQDOVDWWKHKDQGV7KHVHSHRSOHVKRXOGXVHWKH3RODUFKHVWVWUDS
PHWKRGRIPRQLWRULQJ7KHKDQGJULSV\VWHPLVHIIHFWLYHIRU
ZDONLQJEXWWKH3RODUFKHVWVWUDSVKRXOGEHXVHGIRUUXQQLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7KHRU\RI2SHUDWLRQ
7URXEOHVKRRWLQJ
7KHWDEOHVDQGIORZFKDUWVLQWKLVFKDSWHUFRYHUWKHIROORZLQJ
SRWHQWLDOSUREOHPV
‡
‡
‡
HOHFWULFDOSUREOHPVSRZHUFDEOHFRQQHFWLRQV
HOHFWURQLFSUREOHPV3&%WHVWSRLQWVVLJQDOV
PHFKDQLFDOSUREOHPVQRLVHYLEUDWLRQJUDGHVSHHGEHOWV
6HH&KDSWHUIRUUHSDLUDQGUHSODFHPHQWSURFHGXUHV
7RROV
7KHVHWRROVPD\EHQHHGHG
‡
‡
‡
‡
‡
‡
)ODWEODGHVFUHZGULYHU
PPKH[VRFNHWZUHQFK
PPKH[VRFNHWZUHQFK
PPKH[NH\$OOHQZUHQFK
VWHWKRVFRSH
2KPPHWHU
+LJKYROWDJHLVSUHVHQWXQGHUWKHKRRGZKHQWKHWUHDGPLOOLVSOXJJHG
LQWRDSRZHUVRXUFHUHVLGXDOKLJKYROWDJHUHPDLQVIRUDIHZPLQXWHVDIWHU
WKHSRZHULVUHPRYHG7XUQRIIWKHWUHDGPLOOFLUFXLWEUHDNHUWKHQXQSOXJ
WKHWUHDGPLOOIURPWKHSRZHUVRXUFHEHIRUHUHPRYLQJWKHKRRG8VH
H[WUHPHFDXWLRQDWDOOWLPHVZKHQWKHKRRGLVUHPRYHG
6HFXUHORRVHFORWKLQJMHZHOU\DQGORQJKDLUEHIRUHZRUNLQJQHDU
WUHDGPLOOSDUWV
1HYHUSODFH\RXUILQJHUVQHDUURWDWLQJSDUWV
'RQRWVWDUWWKHZDONLQJEHOWZKHQVRPHRQHLVRQWKHWUHDGPLOO
(OHFWULFDO3UREOHPV
8VHWKHIROORZLQJWDEOHZKHQ
‡
‡
‡
7KHWUHDGPLOOZLOOQRWVWDUW
7KHUHLVQRGLVSOD\RQWKHFRQWUROOHU
7KHWUHDGPLOOVWRSVXQH[SHFWHGO\
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
3RVVLEOH&DXVH
$FWLRQ
7UHDGPLOOQRWSOXJJHGLQ
3OXJSRZHUFRUGLQWRDSSURSULDWHRXWOHW
3RZHUQRWRQ
3UHVVWKH3RZHUNH\RQFRQWUROOHU
/LPLWHGDFFHVVFRQWURO
DFWLYDWHGEXWPDJQHWQRW
LQSODFH
&OXE7UDFN3ODFHPDJQHWRQ4XLQWRQ
ORJRWKHQSUHVV3RZHUWZLFHRIIRQ7RGLVDEOH
WKHFRQWUROUHPRYHPDJQHWWKHQSUHVVDQG
3RZHUVLPXOWDQHRXVO\
&OXE7UDFN3OXV3ODFHPDJQHWRQ
4XLQWRQORJRWKHQSUHVVDQGKROGWKHULJKWKDQG
IXQFWLRQNH\DQGSUHVV3RZHU
&LUFXLWEUHDNHURQ
WUHDGPLOOVHWWR2))
6HWWUHDGPLOOFLUFXLWEUHDNHUWR21
%XLOGLQJFLUFXLWEUHDNHU
WULSSHG
&RQWDFWEXLOGLQJPDLQWHQDQFHWRUHVHWFLUFXLW
EUHDNHU,IFLUFXLWEUHDNHUWULSVDJDLQ
&KHFNRXWOHWYROWDJH,IQHFHVVDU\YHULI\WKDW
WKHSRZHUDWWKHRXWOHWDQGDWWKHEUHDNHULV
WKHFRUUHFWUDWLQJIRUWKHWUHDGPLOO
5HSODFHWKHFRQILJXUDWLRQSODWHIDXOW\LQUXVK
OLPLWHU
3RZHUFRUGGDPDJHG
5HPRYHFRUGIURPRXWOHWDQGUHSODFH
%ORZQIXVHLQWUHDGPLOO
,I))RU)DUHEORZQ
8QSOXJWKHWUHDGPLOO
8QSOXJWKHSOXJVDW-DQG-RIWKH7UHDGPLOO
9ROWDJH&RQILJXUDWLRQ3&%$
0HDVXUHWKHSULPDU\WUDQVIRUPHUZLQGLQJVIRU
FRQWLQXLW\
‡ &RQILJXUDWLRQ3ODWH31
7UDQVIRUPHU
3LQVDSSUR[LPDWHO\RKPV
3LQVDSSUR[LPDWHO\RKPV
‡ 3&%$317UDQVIRUPHU
3LQVDSSUR[LPDWHO\RKPV
3LQVDSSUR[LPDWHO\RKPV
5HSODFHIXVHVDQGLIIXVHVEORZDJDLQUHSODFH
WKH&RQILJXUDWLRQ3ODWH$VVHPEO\7UHDGPLOO
'ULYH3&%$RU/LQHDU$FWXDWRUDVLQGLFDWHG
,I)RU)DUHEORZQ
,QVSHFWWKH/LQHDU$FWXDWRU31DQG
HQVXUHWKDWQRSDUWVDUHMDPPHGHJDFPH
WKUHDGRUJUDGHDUPLQJUDGHFKDQJH
DVVHPEO\
5HSODFHIXVHVDQGLIIXVHVEORZDJDLQUHSODFH
WKH&RQILJXUDWLRQ3ODWH$VVHPEO\7UHDGPLOO
'ULYH3&%$RU/LQHDU$FWXDWRUDVLQGLFDWHG
7URXEOHVKRRWLQJ
&RQWUROFDEOHEHWZHHQ
96'DQGFRQWUROOHUIDXOW\
&KHFNIRUEHQWRUEURNHQSLQV5HSODFHFRQWURO
FDEOH&KHFNFDEOHIRUFRQWLQXLW\DQGVKRUWV
96'IDLOXUH
5HSODFH96'LIQHFHVVDU\
&RQWUROOHUIDLOXUH
5HSODFHFRQWUROOHUFLUFXLWERDUG
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3RVVLEOH&DXVH
&RQILJXUDWLRQSODWH
FRQQHFWLRQIDXOW\
$FWLRQ
&KHFNFRQILJXUDWLRQSODWHFRQQHFWLRQVUHDWWDFK
RUFULPSDVUHTXLUHG,ISUREOHPSHUVLVWVUHSODFH
FRQILJXUDWLRQSODWH
7UHDGPLOOVWRSVGXULQJUXQ /RRNIRUORRVHJURXQGZLUHV5HFRQQHFWDQG
VHFXUHLIORRVH
6WRS%HOWKDVQRWEHHQ
SUHVVHG1RHUURUPHVVDJH
DSSHDUV
/&'VFUHHQWHVWIDLOXUH
5HSODFH/&'SQUHSHDWWHVW,IWHVW
IDLOVDJDLQUHSODFH3&%$
+5&OXE7UDFN3OXV/&'
GRHVQRWFRPHRQ
,IWKH/('VDUHRQDQGWKHWUHDGPLOOLVIXQFWLRQLQJ
QRUPDOO\FKHFNWKH/&'FRQQHFWRU,ISUREOHP
SHUVLVWVUHSODFHWKHFRQWUROOHU3&%$
([WHUQDO56SRUWIDLOXUH 3HUIRUPORRSEDFNWHVW,IWHVWIDLOVUHSODFH
3&%$
96'YDULDEOHVSHHGGULYHFLUFXLWERDUGDVVHPEO\WKDWFRQWUROVWKHPRWRU
(OHFWURQLF3UREOHPV
(UURU&RGHV
7KHWUHDGPLOOSHUIRUPVDQHOHFWURQLFVHOIWHVWHDFKWLPHWKDWLWLV
SRZHUHGXS,IDSUREOHPLVGHWHFWHGGXULQJHLWKHUSRZHUXSRU
RSHUDWLRQDQHUURUFRGHDSSHDUVRQWKHGLVSOD\1RWHWKHFRGH
UHFRUGHGE\WKHRZQHUWKHQUHIHUHQFHWKHWDEOHRIHUURUFRGHV
,I\RXUHSODFHDIDXOW\3&%$VVHPEO\UHWXUQLWWRWKHIDFWRU\DQG
QRWHWKHHUURUFRGH
&RGH
,QGLFDWLRQ
5HFRPPHQGHG$FWLRQ
(
9DULDEOHVSHHGGULYH96'
PLFURSURFHVVRUFKLSIDLOXUH
5HSODFH96'
(
96'PLFURSURFHVVRU
(352065$0IDLOXUH
5HSODFH96'
(
96'$'IDLOXUH
5HSODFH96'
(
&RQWUROOHU3&%$
PLFURSURFHVVRUIDLOXUH
5HSODFHFRQWUROOHU
(
&RQWUROOHU3&%$(3520
IDLOXUH
5HSODFHFRQWUROOHU
(
&RQWUROOHU3&%$LQWHUUXSW
IDLOXUH
5HSODFHFRQWUROOHU
(
&RPPXQLFDWLRQ3DFNHW
&KHFNVXP)DXOW
&OHDUWKHHUURUE\SUHVVLQJ&OHDURU
3RZHU$WWHPSWWRRSHUDWHWKH
WUHDGPLOODJDLQ,IHUURUSHUVLVWV
UHSODFH96'
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
&RGH
,QGLFDWLRQ
5HFRPPHQGHG$FWLRQ
(
&RQWUROOHU3&%$195$0
IDLOXUH
5HLQLWLDOL]H195$0
3UHVV6WRS)DVWHUDQG6ORZHU
WRHQWHU6HUYLFH0RGH
3UHVV6WRSDQG&RRO'RZQWR
UHLQLWLDOL]H)RU+5&OXE7UDFN
3OXVSUHVVWKH19352*5$0
/2$'7(67NH\DQGSURFHHGWR
VWHS
3UHVV&OHDU
5HFRQILJXUHFRQWUROOHU+53OXV
DGMXVWWKHFRQWUDVWDIWHU
UHFRQILJXULQJ
,IHUURU(SHUVLVWVUHSODFH
FRQWUROOHU
(
([WHUQDO8$57(UURU
5HSODFHWKHFRQWUROOHU7UHDGPLOOPD\
EHRSHUDWHGZLWKRXW&6$)(
FDSDELOLW\LQWKHLQWHULP
(
*UDGH2YHU/LPLWIDXOW
8VH8SRU'RZQDUURZVWREULQJ
JUDGHLQWRUDQJH
,IHUURUSHUVLVWVUHSODFHJUDGH
DFWXDWRURU96'
1RWHEHOWDQGGLVSOD\PD\FRQWLQXH
WREHXVHGGXULQJIDXOWFRQGLWLRQVE\
SUHVVLQJ&OHDU
(
6SHHGHUURU$VRIWZDUH
FKHFNRIUHGXQGDQWVSHHG
YDULDEOHVKDVLQGLFDWHGD
GLVDJUHHPHQWDQGWKH
PLFURSURFHVVRUZLOOVKXW
GRZQWKHWUHDGPLOO
&OHDUWKHHUURUE\SUHVVLQJ&OHDURU
3RZHU$WWHPSWWRRSHUDWHWKH
WUHDGPLOODJDLQ,IHUURUSHUVLVWV
UHSODFHWKH96'ERDUG
(
+LJK0RWRU2YHUORDG
FDXVHGE\RQHRIWKH
IROORZLQJ
5XQQHUKHDYLHUWKDQ
ZHLJKWVSHHGHQYHORSH
LQFRQMXQFWLRQZLWK
VLJQLILFDQWGHFNZHDU
5HVWULFWXVHWRSHRSOHZLWKLQWKH
ZHLJKWVSHHGVSHFLILFDWLRQVDQG
FKHFNGHFNZHDUUHSODFHLI
QHFHVVDU\
0RWRUOHDGGLVFRQQHFWHG &KHFNWKHPRWRUOHDGVWRHQVXUH
RUORRVH
DOOOHDGVDUHFRQQHFWHG2QHORRVH
RUGLVFRQQHFWHGOHDGZLOOFDXVH
WKHRYHUORDG
(
7URXEOHVKRRWLQJ
(OHFWULFDOIDLOXUHRQWKH
GULYHHOHFWURQLFV
5HSODFH96'
0RWRUEORFNHGE\
REVWUXFWLRQ
5HPRYHWKHREVWUXFWLRQ
96'DQGFRQWUROOHUQRW
FRPPXQLFDWLQJ
9HULI\FDEOHFRQQHFWLRQVDWERWK
HQGV&KHFNIRUEHQWRUEURNHQSLQV
UHSODFHLIUHTXLUHG,IHUURUSHUVLVWV
UHSODFH96'RUFRQWUROOHUDV
QHFHVVDU\
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&RGH
,QGLFDWLRQ
5HFRPPHQGHG$FWLRQ
(
6RIWZDUHWDFKRPHWHUIDXOW
&OHDUWKHHUURUE\SUHVVLQJ&OHDURU
3RZHU$WWHPSWWRRSHUDWHWKH
WUHDGPLOODJDLQ,IHUURUSHUVLVWV
UHSODFH96'ERDUG
(
&RQWUROOHURU96'
SHUIRUPVLQDGYHUWHQWUHVHW
9HULI\ZLUHJURXQGLQJV\VWHPLV
LQWDFW
(
0RGHUDWH'ULYH
2YHUFXUUHQW
5XQQHUKHDYLHUWKDQ
ZHLJKWVSHHGHQYHORSH
'HFNZHDU
5HVWULFWXVHWRSHRSOHZLWKLQWKH
ZHLJKWVSHHGVSHFLILFDWLRQV
&KHFNGHFNZHDUUHSODFHLI
QHFHVVDU\
(
'ULYH8QGHU&XUUHQW
5HSODFH96'
(
0RWRU'ULYH6ZLWFK)DLOXUH
5HSODFH96'
(
0RWRU&XUUHQW6HQVH)DXOW
5HSODFH96'
(
*UDGH3RVLWLRQ'HWHFWLRQ
)DXOW
&OHDUWKHHUURUE\SUHVVLQJ&OHDURU
3RZHU$WWHPSWWRRSHUDWHWKH
WUHDGPLOODJDLQ,IHUURUSHUVLVWV
UHSODFH96'RUJUDGHPRWRU%HOW
DQGGLVSOD\PD\FRQWLQXHWREHXVHG
GXULQJIDXOWFRQGLWLRQVE\SUHVVLQJ
&OHDU
(
&RQILJXUDWLRQ)DXOW
(QWHU6HUYLFH0RGH
&KDQJH&RQILJXUDWLRQ&RGHDV
DSSURSULDWH6HH´&RQILJXULQJWKH
&RQWUROOHUµRQSDJH 3UHVV(QWHU
,IHUURUSHUVLVWVUHSODFH
FRQILJXUDWLRQDVVHPEO\
(
&LUFXLWEUHDNHUWULSSHGRU
SRZHUORVWZKLOHEHOWZDV
PRYLQJ
)RU'HYLFH+LVWRU\,QIRUPDWLRQRQO\
(3+,
96'$%6YROWDJHLVWRR
KLJK/LQHYROWDJHLVWRR
KLJK96'ERDUGIDLOXUH
5HIHUWR(3+,HUURUFRGHIORZFKDUW
HOVHZKHUHLQWKLVFKDSWHU
(3/2
96'$%6YROWDJHLVWRRORZ 5HIHUWR(3/2HUURUFRGHIORZFKDUW
HOVHZKHUHLQWKLVFKDSWHU
/LQHYROWDJHLVWRRORZ
7UDQVIRUPHUFRQQHFWLRQLV
EDG7UDQVIRUPHUIDLOXUH
96'ERDUGIDLOXUH
6HUYLFH0RGH
7KHWUHDGPLOOSURYLGHVDVHUYLFHPRGHIRUWURXEOHVKRRWLQJWKH
HOHFWURQLFV7RHQWHUWKHVHUYLFHPRGHSUHVV6WRS%HOW)DVWHUDQG
6ORZHUVLPXOWDQHRXVO\3DSSHDUVLQWKH6HOHFWGLVSOD\
LQGLFDWLQJWKDWQRNH\LVSUHVVHG,QWKH&OXE7UDFN3OXVWKHGLVSOD\
VKRZVWKHVWDWH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
7RH[LWWKHVHUYLFHPRGHSUHVVDQGUHOHDVHWKHVDPHWKUHHNH\V
VLPXOWDQHRXVO\RUSUHVV3RZHUWZLFHWRSRZHUXSLQWRQRUPDOPRGH
,QVHUYLFHPRGHWKH&OXE7UDFN3OXVVFUHHQOLVWVWKHWHVWV
GHVFULEHGEHORZ7RSHUIRUPDWHVWSUHVVWKHVRIWNH\
FRUUHVSRQGLQJWRWKHWHVWQDPHUDWKHUWKDQSUHVVLQJWKH
LQGLFDWHGNH\FRPELQDWLRQV3UHVV([LWWROHDYHVHUYLFHPRGH
>
&RQWUROOHU.H\V
7RWHVWWKHNH\VRQWKHNH\SDQHO
(QWHUWKHVHUYLFHPRGH,IDNH\KDVVKRUWHG3DSSHDUVLQ
WKH6HOHFWGLVSOD\
8VLQJWKHWDEOHEHORZSUHVVHDFKNH\LQVXFFHVVLRQWRGLVSOD\
WKHDSSURSULDWHFRGHLQWKH6HOHFWGLVSOD\WKH+5&OXE7UDFN
3OXVGLVSOD\VWH[WLQVWHDGRIFRGH3VKRXOGUHDSSHDUZKHQ
\RXUHOHDVHHDFKNH\
.H\
&RGH
.H\
&RGH
1RNH\SUHVVHG
3
(QWHU
3
6KRUWHGNH\V
3666
6HOHFW
3
&OHDU
3
6WDUW%HOW
3
8S
3
8QLWV
3
'RZQ
3
&RRO'RZQ
3
6WRS%HOW
3
)DVWHU
3
,QSXW
3
6ORZHU
3
,QSXW³
3
'LVSOD\V&OXE7UDFNRQO\
7RWHVWWKHGLVSOD\VRQWKHNH\SDQHO
(QWHUWKHVHUYLFHPRGH
6LPXOWDQHRXVO\SUHVV6WRS%HOW*UDGH8SDQG*UDGH'RZQ
7KHGLVSOD\F\FOHVWKURXJKRQHGLJLWDWDWLPHLQHDFKGLVSOD\
VWDUWLQJIURPOHIWWRULJKWDFURVVWKHSDQHO(DFKGLJLWGLVSOD\V
WKHQXPEHUDQGWKHDVVRFLDWHGGHFLPDOSRLQWIRURQHVHFRQG
WKHQWXUQVRIIDVWKHQH[WRQHOLJKWVXS
:KHQWKLVLVFRPSOHWHGWKH/('VOLJKWXSLQGLYLGXDOO\VWDUWLQJ
IURPWKHWRS7KH6HOHFW/('VLOOXPLQDWHILUVWIROORZHGE\WKH
8QLWV/('V
$IWHUWKH/('VDUHWHVWHGDOOWKHGLJLWVLQDOOWKUHHGLVSOD\V
VLPXOWDQHRXVO\FRXQWXSIURPWKURXJK1RGHFLPDOSRLQWV
OLJKWGXULQJWKLVFRXQW
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
(UURU/RJ3OXV0RGHOVRQO\
7KLVIHDWXUHUHFRUGVDQ\HUURUFRQGLWLRQDQGWKHGLVWDQFHVLQPLOHV
ZKHQWKHHUURURFFXUUHG,QFDVHRIPXOWLSOHHUURUVRQO\RQHLV
ORJJHG,IWKHGLVWDQFHKDVQRWEHHQLQFUHPHQWHGIURPWKHODVWHUURU
QHZHUURUVZLOOQRWEHORJJHGXQWLOWKHEHOWKDVEHHQVWDUWHGDQG
VWRSSHGVWRSSLQJORJVWKHGLVWDQFH7KHGLVSOD\ZLOOORJHLJKWRI
WKHPRVWUHFHQWHYHQWVIURPWKHWRSGRZQ:KHQWKHQLQWKHUURU
RFFXUVLWZLOORYHUZULWHWKHWRSHYHQWRQEDFNRYHUWKHSUHYLRXV
HLJKW
<RXFDQFOHDUWKH(UURU/RJGXULQJDVHUYLFHYLVLWE\SUHVVLQJ&OHDU
/RJLQWKH/RJVFUHHQ$IWHUFOHDULQJWKHORJWKHVFUHHQZLOOUHWXUQ
WRWKHSULRUPHQX
3UHVVLQJ5HWXUQGRHVQRWDIIHFWWKH/RJEXWZLOOUHWXUQ\RXWRWKH
SUHYLRXVPHQX
6SHHG*UDGH2SHQ/RRS0RGH&OXE7UDFN
RQO\
,Q6HUYLFHPRGHWKHWUHDGPLOORSHUDWHVDVLQRSHQORRSPRGH
ZKLFKLVXVHGWRYHULI\WUHDGPLOOVSHHGRUJUDGH,QWKLVPRGHWKH
WUHDGPLOOGLVSOD\VWKHDFWXDOVSHHGRUJUDGHUDWKHUWKDQWKHWDUJHW
VSHHGRUJUDGH
$SSUR[LPDWHVSHHGDQGJUDGHUDQJHV
7UHDGPLOO0RGHO
6SHHG5DQJH
*UDGH5DQJH
&OXE7UDFN3OXV
WRPSKWR
NPK
WRWRƒ
&OXE7UDFN3OXV
WRPSKWR
NPK
WRWRƒ
6SHHG'LUHFW6SHHG&RQWURO
(QWHUWKHVHUYLFHPRGH
3UHVV8S)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHURSHQORRS
VSHHGPRGH
3UHVV6WRS%HOW)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRH[LWWKH
VHUYLFHPRGHGRQRWSUHVVWKH3RZHUNH\
(QVXUHWKDWQRRQHLVVWDQGLQJRQWKHZDONLQJEHOWWKHQSUHVV
6WDUW%HOW
3UHVVDQGKROG)DVWHURU6ORZHUWRFKDQJHWKHVSHHG
:KHQWHVWLQJLVILQLVKHGSUHVV&OHDURUSUHVV3RZHUWZLFHWR
H[LWRSHQORRSPRGH
*UDGH
(QWHUWKHVHUYLFHPRGH
3UHVV)DVWHU8SDQG'RZQVLPXOWDQHRXVO\WRHQWHURSHQORRS
JUDGHPRGH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
3UHVV6WRS%HOW)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRH[LWWKH
VHUYLFHPRGHGRQRWSUHVVWKH3RZHUNH\
3UHVVDQGKROG8SRU'RZQWRFKDQJHJUDGH
:KHQWHVWLQJLVILQLVKHGSUHVV&OHDURUSUHVV3RZHUWZLFHWR
H[LWRSHQORRSPRGH
$FWXDO*UDGH3OXV0RGHOVRQO\
,Q6HUYLFHPRGHWKHWUHDGPLOOGLVSOD\VDFWXDOJUDGHUDWKHUWKDQWKH
WDUJHWJUDGH
/&''LVSOD\7HVW3OXV0RGHOVRQO\
7KH/&'GLVSOD\WHVWYHULILHVWKDWWKHGLVSOD\DQGLWVHOHFWURQLFVDUH
IXQFWLRQLQJFRUUHFWO\,IDQ\RQHRIWKHVL[WHVWVIDLOVVHH(OHFWULFDO
3UREOHPVWURXEOHVKRRWLQJWDEOHSDJH
6HOHFWWKH/&''LVSOD\7HVWWREHJLQWKHVHULHVRIVL[WHVWV7R
SURJUHVVIURPRQHWHVWWRWKHQH[WVHOHFW1H[W
'LVSOD\/LPLWV7HVW
$ER[DSSHDUVZLWKDRQHSL[HOERUGHUEHWZHHQWKHRXWHUHGJHRIWKH
ER[DQGWKHHGJHRIWKHGLVSOD\$VLQJOHKRUL]RQWDODQGYHUWLFDOOLQH
LQWHUVHFWVWKHER[,IWKHER[GRHVQRWDSSHDUDVGHVFULEHGWKHWHVW
KDVIDLOHG
$OOSL[HOV21
7KHHQWLUHGLVSOD\VKRXOGDSSHDUZKLWH$FRUUXSWHGSL[HOZRXOGEH
EODFN
$OOSL[HOV2))
7KHHQWLUHGLVSOD\VKRXOGEHRIIRUGDUN$FRUUXSWHGSL[HOZRXOGEH
ZKLWH
&RQWUDVW
7KHFRQWUDVWFKDQJHVVPRRWKO\IURPPD[LPXPFRQWUDVWWR
PLQLPXP/DUJHMXPSVLQFRQWUDVWFRXOGLQGLFDWHDIDLOXUHLQWKH
FRQWUDVWFLUFXLWRU/&'
)OXRUHVFHQWWXEHEULJKWQHVVWHVW
7KHWXEHDGMXVWVWRLWVWKUHHSRVVLEOHVWDWHVJRLQJIURPEULJKWWR
GLPWRRIIWKHQEDFNWREULJKW7KHVHTXHQFHFRQWLQXHVXQWLO\RX
SUHVVWKH0(18NH\
)RQWV
7KHVFUHHQGLVSOD\VWKHDOSKDEHW*DUEOHGFKDUDFWHUVLQGLFDWHDQ
HOHFWURQLFVRU/&'SUREOHP
/&'&RQWUDVW3OXV0RGHOVRQO\
6HOHFWWKH/&'&RQWUDVWNH\$IWHUDGMXVWLQJSUHVV(QWHUWRVWRUHWKH
VHOHFWHGYDOXH7KHVHWWLQJUHPDLQVZKHQWKHWUHDGPLOOLVWXUQHG
RII$OZD\VDGMXVWWKHVFUHHQFRQWUDVWDIWHUSHUIRUPLQJWKH19
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
352*5$0/2$'WHVW³WKHORDGWHVWUHVHWVWKHFRQWUDVWWRWKH
GHIDXOWYDOXH
/&'%ULJKWQHVV
7KH/&'EULJKWQHVVLVQRWDGMXVWDEOH
([WHUQDO563RUW7HVW3OXV0RGHOVRQO\
7KHFRQWUROOHUDXWRPDWLFDOO\WHVWVWKH56FKLSGXULQJSRZHUXS
XVLQJDQLQWHUQDOORRSEDFNWHVW7RWHVWIXUWKHUFRQQHFWDQH[WHUQDO
ORRSEDFNFRQQHFWRUWKHQVHOHFWWKH563RUW7HVWNH\7KHORRS
EDFNFRQQHFWVWKHWUDQVPLWRXWWRWKHUHFHLYHLQDOORZLQJWKH
FRQWUROOHUWRYHULI\SURSHURSHUDWLRQWKURXJKWKHH[WHUQDOFRQQHFWRU
$VWKHWHVWSURJUHVVHVWKH/&'GLVSOD\VDVHULHVRIQXPEHUV)$,/
DSSHDUVLIDQHUURURFFXUV5HPRYHWKHORRSEDFNFRQQHFWRUDIWHU
WKHWHVWLVILQLVKHG
3URJUDP/RRS3OXV0RGHOVRQO\
)RUORQJWHUPWHVWLQJRIJUDGHDQGVSHHGFKDQJHVWKHV\VWHPPD\
EHSXWLQWRDFRQWLQXRXVUXQQLQJSURJUDPFRXUVH
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGH
&RQWLQXHWRSUHVV1H[WXQWLO3URJ/RRSDSSHDUVWKHQVHOHFWWKH
EXWWRQ
3UHVV5HWXUQWRUHWXUQWR6HUYLFHVFUHHQV
3UHVV([LWWROHDYH6HUYLFH0RGH
6HOHFWD:RUNRXW3URJUDPEDVHGRQWLPHDQGVWDUWWKHFRXUVH
7KHWUHDGPLOOZLOOFRQWLQXHWRORRSRUEHLQWKLVPRGHXQWLO
3RZHULVSUHVVHG
&OHDULQJ1RQYRODWLOH5$0
7KLVZLOOFRUUHFW(HUURUVFOHDUDFFXPXODWHG7LPHDQG'LVWDQFH
(UURU/RJFXVWRPSURJUDPVDQGWKHFXVWRPLQWURGXFWLRQVFUHHQ
&OXE7UDFN0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGHVFUHHQZLOOGLVSOD\3
3UHVV6WRSDQG&RRO'RZQWRFOHDUDQGLQLWLDOL]H$//XSGDWHDEOH
SDUDPHWHUV
5HFRQILJXUHWKHFRQWUROOHUWR&3RU&3
‡
3UHVV6WRS%HOWDQGVLPXOWDQHRXVO\WRLQFUHDVHWKH
FRQILJXUDWLRQQXPEHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
‡
3UHVV6WRS%HOWDQG²VLPXOWDQHRXVO\WRGHFUHDVHWKH
FRQILJXUDWLRQ
:KHQILQLVKHGSUHVV6HOHFWRU(QWHUWRVWRUHWKHFRQILJXUDWLRQ
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WROHDYH6HUYLFH
0RGH
&OXE7UDFN3OXV0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGH
&RQWLQXHWRSUHVV1H[WXQWLO195/RDGDSSHDUVWKHQVHOHFWLW
3UHVV([LWWROHDYH6HUYLFH0RGH
9LHZLQJWKH'ULYH5HYLVLRQ1XPEHU
&OXE7UDFN0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGHVFUHHQZLOOGLVSOD\3
3UHVV6WRS%HOWDQG'RZQVLPXOWDQHRXVO\WRYLHZWKHFRGH
UHYLVLRQQXPEHU
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WROHDYH6HUYLFH
0RGH
&OXE7UDFN3OXV0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGH
&RQWLQXHWRSUHVV1H[WXQWLO'ULYH5HYLVLRQDSSHDUVWKHQVHOHFW
LW
3UHVV5HWXUQWRUHWXUQWRWKH6HUYLFHVFUHHQV
3UHVV([LWWRH[LW6HUYLFH0RGH
9LHZLQJWKH&RQWUROOHU5HYLVLRQ1XPEHU
&OXE7UDFN0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGHVFUHHQZLOOGLVSOD\3
3UHVV6WRS%HOWDQG'RZQVLPXOWDQHRXVO\WRYLHZWKHFRGH
UHYLVLRQQXPEHU
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WROHDYH6HUYLFH
0RGH
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFN3OXV0RGHOV
3UHVV6WRS)DVWHUDQG6ORZHUVLPXOWDQHRXVO\WRHQWHU6HUYLFH
0RGH
&RQWLQXHWRSUHVV1H[WXQWLO&RQWUROOHU5HYLVLRQDSSHDUVWKHQ
VHOHFWLW
3UHVV5HWXUQWRUHWXUQWRWKH6HUYLFHVFUHHQV
3UHVV([LWWRH[LW6HUYLFH0RGH
7UHDGPLOO
&RQILJXUDWLRQ1R
&OXE7UDFN
&3
&OXE7UDFN3OXV
&3
&OXE7UDFN
&3
&OXE7UDFN3OXV
&3
1RFRQILJXUDWLRQ
&3
7HVWLQJ3LQ6LJQDOVRQWKH&RPPXQLFDWLRQV
&DEOH
&RPPXQLFDWLRQFDEOHSUREOHPVFDQFDXVHDQ(HUURUPHVVDJH
8VHDQRKPPHWHUWRWHVWIRUWKHIROORZLQJFRQGLWLRQV
&KHFNHDFKZLUHIRUFRQWLQXLW\IURPRQHHQGRIWKHFDEOHWRWKH
RWKHU
&KHFNHDFKZLUHIRUDVKRUWWRDQRWKHUZLUH
&KHFNHDFKZLUHIRUDVKRUWWRWKHPHWDOFRQQHFWRUKRXVLQJDW
WKHGULYHHQG
6LJQDOVRQ&RQWURO&DEOH3LQV
3LQ1R96'
-
3LQ1R'38
-
6LJQDO
77UDQVPLW
7²7UDQVPLW²
55HFHLYH
5²5HFHLYH²
*1'*URXQG
1&
*1'*URXQG
9'&
9'&
>
1RWH-LVD'VXEFRQQHFWRU-LVD0$6&21
FRQQHFWRU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
+HDUW5DWH0RQLWRULQJ
7KH3RODUWHOHPHWU\V\VWHPIRUKHDUWUDWHGHWHFWLRQDQG
WUDQVPLVVLRQKDVEHHQWLPHWHVWHGDQGVKRZQWREHDFFXUDWHDQG
UHOLDEOHKRZHYHUWKHUHLVDVPDOOSHUFHQWDJHRISHRSOHIRUZKRP
WKHV\VWHPZLOOQRWZRUN,IDOOWKHVWHSVLQWKHIROORZLQJWDEOHDUH
SHUIRUPHGDQGWKHEHOWDQGFRQWUROOHUDSSHDUWREHRSHUDWLQJ
FRUUHFWO\WKHXVHU·VKHDUWUDWHPD\QRWEHGHWHFWDEOHE\WKHV\VWHP
>
7KHKDQGJULSV\VWHPZLOOZRUNZHOOIRUPRVWSHRSOH+RZHYHU
VRPHZLOOQRWJHWJRRGUHVXOWVIURPWKLVV\VWHP7KHVHXVHUV
VKRXOGRSWIRUWKH3RODUWHOHPHWU\FKHVWVWUDSPHWKRGRI
PRQLWRULQJ
3UREOHP
+HDUWUDWHUHDGLQJLV
HUUDWLFRUDEVHQW
3RVVLEOH&DXVH
5HPHG\
:LUHOHVVWHOHPHWU\
3RRUHOHFWURGHFRQWDFW
%HVXUHWKDWWKHORJR
RQWKHEHOWLVIDFLQJ
RXWWKDWWKHEHOWLV
WLJKWHQRXJKDQGWKDW
WKHHOHFWURGHVDUHIODW
DJDLQVWWKHVNLQ
0RLVWHQWKH
HOHFWURGHVDJDLQ
%HVXUHWKHUHFHLYHULV
ZLWKLQUDQJH³LQFK
FP
:DVKEHOW
+DQGJULS
+DQGPRYHPHQWGXULQJ 5HGXFHKDQG
PRYHPHQWGXULQJ
H[HUFLVH
H[HUFLVH
+HDUWUDWHLVHUUDWLFRU
DERYH
:LUHOHVVWHOHPHWU\
+50WUHDGPLOOVWRR
FORVHWRJHWKHU
,QWHUIHUHQFHIURP
HOHFWURPDJQHWLF
VLJQDOVHJRWKHU
EHOWWUDQVPLWWHUV79
PRWRUVFRPSXWHUV
DQGVXFK
+DQGJULS
,QWHUIHUHQFHZLWK
:LUHOHVV+5V\VWHP
SUHYHQWLQJXVHRI
KDQGJULSV
7URXEOHVKRRWLQJ
0RYHWKHWUHDGPLOOVDW
OHDVWLQFKFP
DSDUW
0RYHWKHWUHDGPLOO
DZD\IURPWKHVRXUFH
RILQWHUIHUHQFH
0RYHWKHWUHDGPLOO
DZD\IURPWKHVRXUFH
RILQWHUIHUHQFH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UREOHP
1RVLJQDORQFRQWUROOHU
3RVVLEOH&DXVH
:LUHOHVVWHOHPHWU\
1RHOHFWURGHFRQWDFW
)DXOW\FKHVWEHOW
)DXOW\UHFHLYHU
5HPHG\
5HSRVLWLRQFKHVWEHOW
UHZHWHOHFWURGHV
7HVWVLJQDOXVLQJ
GLIIHUHQWEHOW
WUDQVPLWWHURUDSXOVH
VLPXODWRUUHSODFHROG
EHOWLIIDXOW\
7HVWWKHEHOW
WUDQVPLWWHUXVLQJD
GLIIHUHQWUHFHLYHU,I
WUDQVPLWWHULVZRUNLQJ
FRUUHFWO\UHSODFH
UHFHLYHU
+DQGJULS
3RRUKDQGUDLOFRQWDFW 5HSRVLWLRQKDQGVRQ
KDQGUDLO
7HPSRUDULO\GLVDEOHG 3RZHUWUHDGPLOORII
HOHFWURQLFV
WKHQEDFNRQIURP
PDLQSRZHUVZLWFKRQ
EDFNRIWUHDGPLOO
/RRVHZLUHKDUQHVVHV &KHFNKDQGUDLODQG
LQWHUIDFHZLUH
KDUQHVVHVIRUVQXJILW
LQWRFRQQHFWRUV
)DXOW\+DQGJULS
5HSODFHPRGXOH
PRGXOH
7HVWLQJ:LUHOHVV6\VWHP+HDUW5DWH$FFXUDF\
8VHDSXOVHVLPXODWRU31DQGD3RODUZDWFKUHFHLYHU
31WRWHVWWKHDFFXUDF\RIWKHFRQWUROOHU·VKHDUWUDWH
IXQFWLRQ
7XUQRQWKHSXOVHVLPXODWRU7KH/('RQWKHIURQWRIWKH
VLPXODWRUZLOOEOLQNLQV\QFKZLWKWKHVLJQDO
3ODFHWKH3RODUZDWFKUHFHLYHUQH[WWRWKHSXOVHVLPXODWRUWR
EHJLQUHFHLYLQJ7KHZDWFKZLOOGLVSOD\WKHGLJLWDOKHDUWUDWH
&KHFNWKHUDWHGLVSOD\HGRQWKHZDWFKDJDLQVWWKHUDWH
GLVSOD\HGRQWKHFRQWUROOHU,IWKHFRQWUROOHUGLIIHUVE\ILYHEHDWV
UHSODFHWKHUHFHLYHU31DQGUHWHVW,IWKHSUREOHP
UHPDLQVUHSODFHWKHFRQWUROOHUDVVHPEO\31
7HVWLQJ+DQGJULS+HDUW5DWH$FFXUDF\
7KHKDQGJULSDFFXUDF\FDQEHVWEHWHVWHGDWWKH4XLQWRQIDFWRU\
ZLWKWKHXVHRIVSHFLDOL]HGHTXLSPHQW<RXFDQKRZHYHUSHUIRUPD
VLPSOHFKHFNE\SODFLQJ\RXUKDQGVRQWKH+DQGJULSVHQVRUVZKLOH
VWDQGLQJVWLOO$OORZWKLUW\VHFRQGVWRREWDLQDVWDEOHUHDGLQJ
&RPSDUHWKLVWR\RXUSXOVHUDWHWDNHQPDQXDOO\LPPHGLDWHO\DIWHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
0HFKDQLFDO3UREOHPV
0HFKDQLFDOSUREOHPVFDQLQFOXGHQRLVHDQGYLEUDWLRQFDXVHGE\
ORRVHRUZRUQSDUWV8VHWKHIROORZLQJWDEOHVWRGLDJQRVH
PHFKDQLFDOIDLOXUHV
:DON%HOW
3UREOHP
3RVVLEOH&DXVH
$FWLRQ
%HOWVWRSVDQGDQ
RYHUFXUUHQWHUURUFRGH
DSSHDUV
+HDY\UXQQHU
LQFUHDVHGWKH
UHVLVWDQFHRQEHOW
5XQQHUKROGLQJ
KDQGUDLOVWRSSHGEHOW
PRYHPHQWIRUPRUH
WKDQWZRVHFRQGV
:RUQGHFN
'RQRWH[FHHGZHLJKW
HQYHORSHVHH
6SHFLILFDWLRQV
'RQRWUHVLVWEHOWIRU
PRUHWKDQWZR
VHFRQGV
:DONEHOWVOLSSLQJ
,PSURSHUZDONEHOW
WHQVLRQ
,QFRUUHFWGULYHEHOW
WHQVLRQRUGULYHEHOW
ZRUQ
$GMXVWZDONEHOW
WHQVLRQ
&KHFNGULYHPRWRU
EHOW$GMXVWWHQVLRQHU
RUUHSODFHGULYHEHOWLI
QHFHVVDU\
:DONEHOWQRWWUDFNLQJ
%HOWPLVDOLJQHGRU
$GMXVWWUDFNLQJ
WUDFNLQJDGMXVWPHQWEROW
RYHUWLJKWHQHG
:DONEHOWZRUQ
9DULRXV
5HSODFHEHOWDQGGHFN
:DONGHFNZRUQ
9DULRXV
5HSODFHEHOWDQGGHFN
7XUQRYHURUUHSODFH
GHFN
'ULYH%HOW
3UREOHP
%HOWVKRZLQJDEQRUPDO
ZHDU
7URXEOHVKRRWLQJ
3RVVLEOH&DXVH
$FWLRQ
'ULYHPRWRUEHOWSRO\9 &KHFNEHOWDOLJQPHQW
EHOWVOLSSLQJ
$GMXVWGULYHEHOW
WHQVLRQHU5HSODFHGULYH
EHOWLIQHFHVVDU\
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7UHDGPLOO1RLVH
1RLVH
3RVVLEOH&DXVH
$FWLRQ
.QRFNLQJRUWKXPSLQJ
5DWHLQFUHDVHVRU
GHFUHDVHVZLWKZDONLQJ
EHOWVSHHG
)URQWRUUHDUUROOHU
SXOOH\DVVHPEO\
EHDULQJV
,VRODWHDQGUHSODFH
UROOHUDVVHPEO\
6TXHDOLQJVLPLODUWR
ORRVHDXWRPRELOHIDQ
EHOW
'ULYHEHOWORRVH
$GMXVWEHOWWHQVLRQ
5HSODFHEHOWLIQHFHVVDU\
.QRFNLQJDWKLJKUDWH
,GOHUSXOOH\
5HSODFHLGOHUDVVHPEO\
/RZWKXPSLQJQRLVH
ZLWKHDFKUHYROXWLRQRI
ZDONLQJEHOW
%HOWVHDPQHHGV
EUHDNLQJLQ
1RLVHVKRXOGGHFUHDVH
DIWHUZHHNVRI
RSHUDWLRQQHZEHOW
RQO\
7KHUDWHRIEHDULQJQRLVHFDQKHOSGHWHUPLQHZKLFKEHDULQJLVDW
IDXOW7KHQXPEHURINQRFNVSHUPLQXWHYDULHVZLWKWUHDGPLOO
VSHHGEHFDXVHWKHUROOHUVSHHGVFKDQJHDVWKHEHOWVSHHG
FKDQJHV8VHDVWHWKRVFRSHZLWKDWXEHOLNHHQGRUDSLHFHRI
KRVHDERXWWZRIHHWORQJWRLVRODWHEHDULQJQRLVH+ROGRQHHQG
RIWKHKRVHQHDUWKHVXVSHFWHGEHDULQJDQGWKHRWKHUHQGQHDU
\RXUHDU&RPSDUHVHYHUDOEHDULQJVWRGHWHUPLQHZKLFKLVWKH
IDXOW\RQH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
)ORZ&KDUWV
8VHWKHIROORZLQJIORZFKDUWVIRUVWHSE\VWHSWURXEOHVKRRWLQJ
>
)RU3OXVPRGHOVXVHWKHHUURUORJWRGHWHUPLQHUHFHQWHUURUV
6HH´(UURU/RJ3OXV0RGHOVRQO\µRQSDJH (UURU&RGH)ORZ&KDUW(3+,DQG(3/2
%869ROWDJH
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
96'%RDUG
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
(UURU&RGH)ORZ&KDUW(
E204
Communications
Error
Check Ds2 on
VSD board.
Verify
communication
cable connection
at each end.
Error
Persists?
Ds2 On?
(Micro 5V)
Yes
No
Yes
Verify cable pins
are not bent or
broken or cable
damaged.
CAUTION!
Disconnect
power and wait
for high voltage
indicator to go off.
Clip a volt meter
onto F1 and F2
fuse holder base
closest to J3. THEN
turn on power. Measure
22 VAC secondary.
Replace
controller.
No
Finished.
Damaged
cable?
Yes
No
Less than
17.0 VAC?
Yes
No
Error
persists?
Replace
transformer.
Yes
Replace VSD.
Replace cable.
No
Finished
&RPPXQLFDWLRQV/LQN
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
(UURU&RGH)ORZ&KDUW(
E203 Error
Overcurrent
Is motor
turning?
No
Check for
obstructions in
motor pulleys
or belt
Yes
Runner
outside weight/
speed envelope
Restrict use to
Yes people within
specified weight/
speed envelope.
CAUTION!
Disconnect
power and wait
for high voltage
indicator to go
out.
No
Are
all motor leads
connected?
No
Reconnect
disconnected
leads.
Check
resistance
between motor
leads.
Yes
Worn deck?
Excessive deck
Yes wear indicated.
Replace deck.
Resistance
>100ohms
No
Replace VSD
PCBA
Yes
No
Replace motor.
0RWRU2YHUFXUUHQW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
(UURU&RGH)ORZ&KDUWV((((
7URXEOHVKRRWLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
Cycle power.
LED should be
on momentarily
then off.
Drive motor
does not turn
Error
code
present?
Yes
Procede to
Error Code
Flow Chart
On then off?
CAUTION!
Disconnect
power and wait
for high voltage
indicator to go off.
No
Replace VSD
Check
resistance
between motor
leads.
Yes
No
Perform keypanel test
Press Start
Resistance
>100 ohms
No
Yes
Key test fail
Yes
No
Check DS1 LED
on VSD board
Replace
controller
assembly
Is DS1 on?
Yes
Check motor
leads for good
connections
Replace motor
No
Replace VSD
Does
motor turn?
Yes
No
Complete
'ULYH0RWRU
*UDGH3UREOHPV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7URXEOHVKRRWLQJ
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
7KHSURFHGXUHVWKDWIROORZDSSO\WRWKH&OXE7UDFN&OXE7UDFN
3OXV&OXE7UDFNDQG&OXE7UDFN3OXVWUHDGPLOOV7KH
3&%DVVHPEOLHVDUHILHOGUHSODFHDEOHPRGXOHVQRSURFHGXUHVDUH
LQFOXGHGIRUFRPSRQHQWOHYHOUHSDLU7KLVLQFOXGHV
‡
‡
‡
YDULDEOHVSHHGGULYH96'
KHDUWUDWHPRQLWRU+50XVHGZLWKWKH&OXE7UDFNPRGHOV
KHDUWUDWHFRQWURO+5&XVHGZLWK&OXE7UDFN3OXVPRGHOV
7KLVVHFWLRQLVGHVLJQHGRQO\IRU4XLQWRQDXWKRUL]HGVHUYLFH
SHUVRQQHOZLWKSURSHUWUDLQLQJ7KHUHDUHQRXVHUVHUYLFHDEOHSDUWV
LQWKHWUHDGPLOOV$Q\DWWHPSWE\QRQ4XLQWRQWUDLQHGSHUVRQQHOWR
VHUYLFHWKHWUHDGPLOOPD\YRLGWKHZDUUDQW\)RUVHUYLFH
LQIRUPDWLRQFDOO4XLQWRQ7HFKQLFDO6HUYLFH
%HIRUHVHUYLFLQJWKHWUHDGPLOOUHDGWKHVDIHW\UHTXLUHPHQWVOLVWHG
LQ$SSHQGL[$
&DXWLRQV:DUQLQJV
(OHFWULFDO
+LJKYROWDJHLVSUHVHQWEHQHDWKWKHWUHDGPLOOKRRGZKLOHWKHWUHDGPLOOLV
FRQQHFWHGWRDSRZHUVRXUFH5HVLGXDOKLJKYROWDJHUHPDLQVIRUDIHZ
PLQXWHVDIWHUSRZHULVUHPRYHG7RSUHYHQWKLJKYROWDJHHOHFWULFDOVKRFN
‡
XQSOXJWKHSRZHUFRUGDQGXVHFDXWLRQHYHU\WLPH\RXUHPRYHWKH
KRRG
‡
EHIRUHZRUNLQJRQRUDURXQGDQ\HOHFWULFDORUPHFKDQLFDOFRPSRQHQW
XQGHUWKHKRRGZDLWDWOHDVWWZRPLQXWHVIURPWKHWLPH\RXXQSOXJ
WKHSRZHUFRUGDQGEHVXUHWKHUHG/('VRQWKH96'ERDUGDUHRII
7XUQRIIWKHFLUFXLWEUHDNHURQWKHWUHDGPLOOEHIRUHFRQQHFWLQJRU
GLVFRQQHFWLQJWKHWUHDGPLOOWRWKHZDOORXWOHW
7KHFRQWUROOHUGRHVQRWWXUQRIIHOHFWULFDOFXUUHQWWRWKHWUHDGPLOO
%HVXUHWUHDGPLOODUHDLVIUHHRIOLTXLGVSLOOVEHIRUHUHPRYLQJKRRG
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
%XUQV
$OORZSXOOH\VPRWRUDQGRWKHUWUHDGPLOOSDUWVWRFRROVXIILFLHQWO\EHIRUH
WRXFKLQJWKHP
8QSOXJWKHWUHDGPLOOLPPHGLDWHO\LIVLJQVRIRYHUKHDWLQJRFFXU
0HFKDQLFDO
%HVXUHWKHWUHDGPLOOSRZHUFRUGLVXQSOXJJHGEHIRUHZRUNLQJZLWKJUDGH
FRPSRQHQWVEHOWVDQGSXOOH\V
6HFXUHORQJKDLUORRVHFORWKLQJDQGMHZHOU\EHIRUHZRUNLQJQHDUWKH
WUHDGPLOOSDUWLFXODUO\QHDUZDONLQJVXUIDFHVDQGURWDWLQJSDUWV
%HIRUHUXQQLQJWKHWUHDGPLOOFKHFNIRUZRUQSDUWVZKLFKFRXOGEUHDN
ORRVHGXULQJVHUYLFHRURSHUDWLRQ
.HHSILQJHUVDZD\IURPURWDWLQJSDUWV
7RDYRLGH\HFRQWDPLQDQWVFOHDQDZD\GXVWDQGGHEULVIURPPRYLQJSDUWV
EHIRUHVHUYLFLQJ
%HZDUHRIVKDUSHGJHVZKHQUHSODFLQJZRUQSDUWV
'RQRWVWDUWWKHZDONEHOWZKHQVRPHRQHLVRQWKHWUHDGPLOO
,PSURSHUOLIWLQJFDQFDXVHEDFNVWUDLQ,WDOVRFDQFDXVHLQMXU\WRRWKHUVLI
WKHWUHDGPLOOLVGURSSHG/LIWLQJWKHWUHDGPLOOUHTXLUHVDWOHDVWWZR
SHRSOH
7RROV
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
3KLOOLSVDQGIODWEODGHVFUHZGULYHUV
+H[VRFNHWZUHQFKHVPPPPPPPP
PPKH[NH\$OOHQZUHQFK
PPQXWGULYHU
+H\FRŠVWUDLQUHOLHISOLHUVIRUUHSODFLQJKDUGZLUHGSRZHUFRUG
PPRSHQHQGZUHQFK
PPZUHQFK
)UHTXHQF\FRXQWHU
7DFKRPHWHU
:RRGHQEORFNV[[ORQJ
%HOWWHQVLRQFDOLSHUV31RSWLRQDO
0DVNLQJWDSHRUKHDY\SHQFLO
>
$OWKRXJKVRPHSURFHGXUHVDUHXVHGIRUVHYHUDODSSOLFDWLRQV
UHPRYLQJWKHKRRGIRUH[DPSOHHDFKSURFHGXUHLVH[SODLQHG
RQO\RQFH5HIHUHQFHSURFHGXUHVXQGHUWKHLUKHDGLQJVIRU
VXEVHTXHQWDSSOLFDWLRQV
>
$OOUHIHUHQFHVWRIURQWUHDUOHIWDQGULJKWDUHJLYHQDVWKRXJK
\RXZHUHIDFLQJWKHFRQWUROOHUZKLOHZDONLQJRQWKHGHFN
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV
<RXPXVWSHUIRUPDILHOGIXQFWLRQDOWHVWDIWHUDQ\RIWKHSURFHGXUHV
LQWKLVFKDSWHUDUHSHUIRUPHG7KHDSSOLFDEOHWHVWLVVSHFLILHGDIWHU
HDFKVHFWLRQLQWKLVFKDSWHU$SSHQGL[')LHOG)XQFWLRQDO7HVWV
FRQWDLQVFRPSOHWHWHVWLQVWUXFWLRQV
7KH96'3&%$JHQHUDWHVKLJKYROWDJHZKLFKLVSUHVHQWZKHQHYHU'6
DQG'6DUHLOOXPLQDWHG'RQRWWRXFKWKH96'3&%$XQWLO'6DQG'6
KDYHJRQHRXW5HVLVWRUVRQWKH3&%$EOHHGRIIWKHKLJKYROWDJHLQ
DSSUR[LPDWHO\WZRPLQXWHV
FRQWUROOHU
VLGHUDLO5+
HQGFDSV
5+
/+
XSULJKW
ZDONEHOW
WULPFRYHU
VLGHUDLO/+
VLGHUDLOFRYHU
KRRG
IHOWSFVHDFKVLGHUDLO
0EROWVQXWVIRU
KRRGUHPRYDO
5HPRYLQJ7UHDGPLOO+RRG
)RU\RXUFRQYHQLHQFHLQZRUNLQJHOHYDWHWKHWUHDGPLOOWRLWV
PD[LPXPKHLJKWLISRVVLEOH
7XUQRIIWKHFLUFXLWEUHDNHURQWKHWUHDGPLOODQGXQSOXJWKH
WUHDGPLOOIURPWKHSRZHURXWOHW
7RSUHYHQWKLJKYROWDJHHOHFWULFDOVKRFN%HIRUHZRUNLQJRQRUDURXQG
DQ\HOHFWULFDORUPHFKDQLFDOFRPSRQHQWXQGHUWKHKRRGZDLWDWOHDVW
WZRPLQXWHVIURPWKHWLPH\RXXQSOXJWKHSRZHUFRUG
,QWHUQDWLRQDOXQLWV'LVFRQQHFWWKHSRZHUFRUGIURPWKH
FRQILJXUDWLRQSODWH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
8VHDIODWEODGHVFUHZGULYHUWRWXUQWKHWZRôWXUQIDVWHQHUVRQ
WKHIURQWWULPFRYHU
5HPRYHWKHWZRPPEROWVQXWVZDVKHUVORFDWHGXQGHUWKH
IURQWWULPFRYHUDWWKHIURQWRIWKHKRRG
5HPRYHWKHWZR0EXWWRQKHDGVFUHZVORFDWHGRQWKHVLGHRI
WKHKRRG
WULPFRYHU
õWXUQIDVWHQHUV
0EXWWRQKHDG
*UDVSWKHKRRGFRYHUDWWKHIURQWDQGEDFNFHQWHU3XOODQGOLIW
WRUHPRYH
>
5HFRPPHQGHGYDFXXPKRRGDUHDEHIRUHUHSODFLQJKRRGDQG
DSSO\LQJSRZHU%HFDUHIXOQHDU96'FDUGFDJH'RQRWGDPDJH
96'ERDUG
7RUHSODFHWKHKRRGIROORZVWHSVLQUHYHUVHRUGHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH&RQILJXUDWLRQ3ODWH$VVHPEO\
2Q1RUWK$PHULFDQXQLWVWKHFRQILJXUDWLRQSODWHPRGXOHLQFOXGHV
WKHSRZHUFRUGZKLFKLVDWWDFKHGWRWKHSODWH2QLQWHUQDWLRQDO
XQLWVWKHSRZHUFRUGLVUHPRYDEOHDQGLVQRWSDUWRIWKH
FRQILJXUDWLRQSODWHPRGXOH
7XUQRIIWKHWUHDGPLOOFLUFXLWEUHDNHUWKHQUHPRYHWKHSRZHU
FRUGIURPWKHSRZHURXWOHW
5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG
5HPRYHWKHWZRPPKH[KHDGVFUHZVWKDWDWWDFKWKHSRZHU
FRUGJURXQGZLUHVWRWKHKHDGIUDPH7KH\DUHORFDWHGLQWKH
FHQWHURIWKHKHDGIUDPH7KHJURXQGLVPDUNHGZLWKDJURXQG
V\PERO
8QSOXJWKHFRQQHFWRUVIURPWKH96'ERDUG1RUWK$PHULFDQ
XQLWVZLUHVYRUZLUHVY,QWHUQDWLRQDOXQLWV
ZLUHV1RWHWKHZLUHFRORUVDQGFRQQHFWLRQSRLQWV
5HPRYHWKHIRXUPPKH[KHDGVFUHZVKROGLQJWKH
FRQILJXUDWLRQSODWHWRWKHIURQWRIWKHKHDGIUDPHDQGWZRPP
KH[KHDGVFUHZVKROGLQJWKHFRQILJXUDWLRQSODWHWRWKHERWWRP
RIWKHKHDGIUDPH
5HSODFHWKHFRQILJXUDWLRQSODWHPRGXOHIROORZLQJ6WHSV
WKURXJKLQUHYHUVHRUGHU
FRQILJXUDWLRQSODWHDVVHPEO\
[
0KH[KHDGVFUHZV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH3RZHU&RUG
+DUGZLUHG&RUGV
7RROV+H\FRVWUDLQUHOLHIKDQGSOLHUV
5HPRYHWKHFRQILJXUDWLRQSODWHDVVHPEO\DVGHVFULEHGDERYH
8VHVWUDLQUHOLHISOLHUVWRVTXHH]HWKHVWUDLQUHOLHIRQWKHSRZHU
FRUGDQGSXOOLWIUHHRIWKHFRQILJXUDWLRQSODWH
&OLSWKHSRZHUFRUGZLUHWLHV
5HPRYHWKHWZRKH[QXWVKROGLQJWKHSRZHUFRUGWRWKHOLQH
ILOWHUWKHKH[QXWVDUHEHKLQGWKHFRQILJXUDWLRQSODWHGRZQ
DQGWRWKHULJKW
5HPRYHWKHJURXQGZLUH
3XOOWKHSRZHUFRUGRXWRIWKHFRQILJXUDWLRQSODWH
)HHGWKHQHZFRUGLQWRWKHFRQILJXUDWLRQSODWHDQGUHYHUVHWKH
SURFHGXUHE\IROORZLQJ6WHSVWKURXJK
‡
&RQQHFWWKHZKLWHZLUHWRWKHIDUQHXWUDOFRQQHFWRURIWKH
OLQHILOWHU
‡
&RQQHFWWKHEODFNZLUHWRWKHQHDUOLQHFRQQHFWRURIWKH
OLQHILOWHU
‡
&RQQHFWWKHJUHHQZLUHWRWKHJURXQGFRQQHFWRURIWKHOLQH
ILOWHU
'HWDFKDEOH&RUGV
,QWHUQDWLRQDOXQLWV8QSOXJWKHSRZHUFRUGIURPWKHFRQQHFWRURQ
WKHFRQILJXUDWLRQSODWHDQGSOXJLQWKHQHZFRUG
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSODFLQJWKH96'%RDUG%UDFNHW$VVHPEO\
7KH96'ERDUGLVLQVWDOOHGRQDEUDFNHWORFDWHGRQWKHVLGHRIWKH
WUHDGPLOO
7XUQRIIWKHFRQWUROOHUDQGWKHWUHDGPLOOFLUFXLWEUHDNHUWKHQ
XQSOXJWKHSRZHUFRUGIURPWKHSRZHURXWOHW
5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG
7RSUHYHQWKLJKYROWDJHHOHFWULFDOVKRFN%HIRUHZRUNLQJRQRUDURXQG
DQ\HOHFWULFDORUPHFKDQLFDOFRPSRQHQWXQGHUWKHKRRGZDLWDWOHDVW
WZRPLQXWHVIURPWKHWLPH\RXXQSOXJWKHSRZHUFRUGDQGEHVXUHWKH
UHG/('VRQWKH96'ERDUGDUHRII
'ULYH0RWRU
&RQQHFWLRQV
-
3
:KLWH&
3
%ODFN$
%OXH
RQO\
%URZQ
3
&RQWUROOHU
3
*UDGH3RZHU
3
3
*UHHQ%
3
1HXW%OXH
RQO\
-
-
3UHGULYHU
3RZHU
3URFHVVRU
3RZHU
3
*UDGH0RWRU
3&%$VVHPEO\7UHDGPLOO'ULYH
'LVFRQQHFWWKHFRQWUROOHUFDEOH-IURPWKH96'ERDUG
>
,03257$17,QWKHIROORZLQJVWHSVQRWHWKHFRQQHFWLRQSRLQWV
DQGWKHFRORUVRIWKHZLUHVDV\RXUHPRYHWKHPIURPWKH96'
ERDUG$OORIWKHZLUHVDUHKDUQHVVHG5HIHUHQFHZLULQJ
VFKHPDWLF
8QSOXJWKHJUDGHSRZHUDQGJUDGHPRWRUFRQQHFWRUV3DQG
3IURPWKH96'ERDUG
8QSOXJWKHSUHGULYHUSRZHU-DQGSURFHVVRUSRZHU-
FRQQHFWRUV
8QSOXJWKH$&SRZHUFRQQHFWLRQV3DQG39XQLWVRU3
9XQLWV
8QSOXJWKHGULYHPRWRUZLUHV333
5HPRYHWKHWZR0VFUHZVWKDWKROGWKHVZLWFKPRGXOHFODPS
WRWKHVLGHUDLODQGUHPRYHWKHFODPS
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
PRGXOHFODPS
EULGJHUHFWLILHU
1RWHQHZVLOSDGV
IRUEULGJHDQGIRU
96'PRGXOHDUHLQVWDOOHGZLWK
DGKHVLYHWRZDUGVPRGXOH
VFUHZ
ORFNZDVKHU
IODWZDVKHU
5HPRYHWKHVL[0VFUHZVKROGLQJWKHFDUGFDJH
5HPRYHWKHDQJOHVXSSRUWEUDFNHWIURPWKH96'ERDUGEUDFNHW
DVVHPEO\
5HPRYHWKH96'FDUGFDJHDVVHPEO\DQGUHWXUQLWWR4XLQWRQ
5HSODFHWKHVLOSDGIRUWKHVZLWFKLQJPRGXOHEHIRUHLQVWDOOLQJ
WKHQHZDVVHPEO\
5HDVVHPEOHLQUHYHUVHRUGHU
8VHFDXWLRQZKHQUHDVVHPEOLQJWKHKROGGRZQSODWHIRUWKHVZLWFKLQJ
PRGXOH$OWHUQDWHWRUTXLQJWKHVFUHZVMXVWXQWLOWKHVSOLWORFNZDVKHULV
FRPSUHVVHG2YHUWRUTXLQJWKHVFUHZVZLOOGDPDJHWKHPRGXOH
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH7HQVLRQHU
7KHWHQVLRQHUPD\QHHGWREHUHSODFHGLIWKHSRO\9EHOWVOLSVLIWKH
LGOHUSXOOH\EHDULQJPDNHVQRLVHRULIWKHWHQVLRQHUUROOHULV
GDPDJHG
'RQRWDWWHPSWWRGLVDVVHPEOHWKHWHQVLRQHU7KHLQWHUQDOVSULQJVDUH
WLJKWO\FRPSUHVVHGDQGFRXOGFDXVHLQMXU\LIUHOHDVHG
7XUQRIIWKHFRQWUROOHUDQGWKHWUHDGPLOOFLUFXLWEUHDNHUWKHQ
XQSOXJWKHSRZHUFRUGIURPWKHSRZHURXWOHW
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
WHQVLRQHU
ODUJHQXW6WHSSDUW
RIWHQVLRQHU
SRO\YGULYHEHOW
&OXE7UDFN
[/EROW6WHS
VSOLW/:
IODWZDVKHU
5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG
8VHDPPRULQFKKH[ZUHQFKWRUHPRYHWKHLQFK
EROWIURPWKHWHQVLRQHU5HPRYHDQGGLVFDUGWKHROGWHQVLRQHU
%HVXUHWKHEHOWLVFHQWHUHGRQWKHSXOOH\V
3ODFHWKHQHZWHQVLRQHURQWRWKHKHDGIUDPHLQWKHVDPH
SRVLWLRQDVEHIRUHDQGORRVHO\EROWLWWRWKHKHDGIUDPH
8VHHLWKHUDPPRULQFKRSHQHQGZUHQFKRUDODUJH
DGMXVWDEOHZUHQFKWRWXUQWKHODUJHQXWRQWKHWHQVLRQHU
FRXQWHUFORFNZLVHSXWWHQVLRQRQWKHSRO\9EHOWXQWLOWKHWZR
OLQHVRQWKHWHQVLRQHUOLQHXS7LJKWHQWKHLQFKEROWWR
IRRWSRXQGVWRUTXH
5HSODFHWKHKRRG
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUPWKH
IROORZLQJIXQFWLRQDOWHVWV
7HVW6SHHG2SHUDWLRQ
3ODFHDFKDONPDUNRUSLHFHRIWDSHRQWKHZDONEHOWDFURVVWKH
GLUHFWLRQRIWUDYHO
3ODFHDQRWKHUPDUNRUSLHFHRIWDSHRQWKHWRSRIWKHVLGHUDLO
FRYHU
6WDUWWKHZDONEHOWDQGLQFUHDVHLWVVSHHGWRPSK
&RXQWKRZPDQ\WLPHVWKHEHOWURWDWHVLQPLQXWHV7KLV
VKRXOGEH“UHYROXWLRQVIRU&OXE7UDFNPRGHOVDQG
“UHYROXWLRQVIRU&OXE7UDFNPRGHOV
,QFUHDVHWKHZDONEHOWVSHHGWRPSK
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&RXQWWKHQXPEHURIEHOWUHYROXWLRQVLQPLQXWHV7KLVVKRXOG
EH“UHYROXWLRQVIRU&OXE7UDFNPRGHOVDQG“
UHYROXWLRQVIRU&OXE7UDFNPRGHOV
>
,IDQ\RIWKHPHDVXUHPHQWVDUHQRWDFFXUDWHUHIHUWR5HSODFLQJ
WKH7HQVLRQHUDQGRU$GMXVWLQJWKH:DON%HOWLQWKLVFKDSWHU
(QVXUHWKDWWKHVSHHGZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXP
DQGEDFN
:DON%HOW7HVW3URFHGXUH
:LWKWKHZDONEHOWVSHHGDWPLQLPXPZDONRQWKHWUHDGPLOO
*UDVSWKHKDQGUDLODQGUHVLVWWKHPRWLRQRIWKHZDONEHOW,I
VOLSSDJHLVGHWHFWHGGHWHUPLQHLIWKHZDONEHOWRUSRO\9GULYH
EHOWLVWKHFDXVH&RUUHFWDVQHFHVVDU\
6WRSWKHZDONEHOW
6KXW'RZQWKH7UHDGPLOO
7XUQRIIWKHFLUFXLWEUHDNHUGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
5HSODFLQJWKH3RO\9'ULYH%HOW
5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG
7KHGULYHEHOWWHQVLRQHULVVSULQJORDGHG'RQRWOHWLWVQDSFORVHGDIWHU
UHPRYLQJWKHGULYHEHOW
/RRVHQWKHEHOWWHQVLRQHUE\WXUQLQJWKHLQFKPRXQWLQJEROW
FRXQWHUFORFNZLVHWKHQSLYRWWKHWHQVLRQHUDZD\IURPWKHEHOW
5HPRYHWKHGULYHEHOWIURPWKHGULYHPRWRUSXOOH\
8VHDPPVRFNHWZUHQFKWRUHPRYHWKHHQGFDSIURPHDFK
VLGHUDLO
8VHDPPZUHQFKWRUHPRYHWKHIRXUPPKH[EROWVWKDW
KROGWKHWZRIURQWUROOHUUHWDLQHUVWRWKHIUDPH7KHUHDUHWZR
EROWVRQHDFKVLGHRIWKHUROOHUDVVHPEO\
6OLGHWKHGULYHUROOHUDVVHPEO\WRWKHOHIWDQGUHPRYHWKHSRO\9
EHOWIURPWKHULJKWVLGHRIWKHUROOHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSODFHZLWKDQHZEHOWWKHQUHPRXQWWKHIURQWGULYHUROOHU
DVVHPEO\:KHQUHSODFLQJWKHSRO\9EHOWEHVXUHWKHEHOWLV
FHQWHUHGRQWKHSXOOH\V
,QVWDOOLQJWKH)URQW6KDIW5HWDLQHU
,QVWDOOUHWDLQHU%HVXUHWRFHQWHUWKHVKDIWVXFKWKDWWKH
UHWDLQHUHQJDJHVWKHJURRYHVSURYLGHG
$VVHPEOHWKHWUHDGPLOOIROORZLQJ6WHSVDERYHLQUHYHUVH
RUGHU
7HQVLRQWKHGULYHEHOWDVGHVFULEHGLQ5HSODFLQJWKH7HQVLRQHU
6HWWKHZDONEHOWWHQVLRQDQGWUDFNLQJ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH'ULYH0RWRU
5HSODFHWKHGULYHPRWRUZKHQWKHPRWRULVLQRSHUDWLYHVHH'ULYH
0RWRUIORZFKDUWLQ&KDSWHU7URXEOHVKRRWLQJ
IURQWSXOOH\DVVHPEO\
&OXE7UDFN
PRWRU
MXQFWLRQER[
IO\ZKHHO
VKDIWUHWDLQHU
GULYHPRWRU
WHQVLRQHU
7XUQRIIWKHWUHDGPLOOFLUFXLWEUHDNHUDQGUHPRYHWKHSRZHUFRUG
IURPWKHSRZHURXWOHW
5HPRYHWKHWUHDGPLOOKRRGDVSUHYLRXVO\GHVFULEHG
5HOHDVHWKHGULYHEHOWWHQVLRQHUDQGUHPRYHWKHSRO\9EHOWIURP
WKHPRWRUGULYHSXOOH\DVSUHYLRXVO\GHVFULEHG
&XWWKHZLUHWLHVWKDWKROGWKHGULYHPRWRUFDEOHWRWKH
KHDGIUDPHDQGGLVFRQQHFWWKHPRWRUFDEOHDWWKH96'ERDUG
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
5HPRYHWKHIRXUKH[QXWVWKDWKROGWKHPRWRUPRXQWRQWKH
KHDGIUDPH
3XOOWKHPRWRUDVVHPEO\RIIWKHKHDGIUDPH
8VLQJDPPRSHQHQGZUHQFKUHPRYHWKHQXWVDQGZDVKHUV
VHFXULQJWKHPRWRU1RWHWKHDUUDQJHPHQWRIWKHLVRODWRU
PRXQWV
/RRVHQWKHWZRVHWVFUHZVRQWKHIO\ZKHHOGULYHSXOOH\DQG
UHPRYH8VHDJHDUSXOOHUWRSXOOWKHIO\ZKHHORIIWKHPRWRU
VKDIW
)O\ZKHHO
DVVHPEO\
&OXE7UDFN
VHWVFUHZV
NH\
5HLQVWDOOWKHIO\ZKHHORQWRWKHPRWRUVKDIWDQGORRVHO\WLJKWHQ
WKHVHWVFUHZV
5HSODFHWKHPRWRUE\IROORZLQJ6WHSVWKURXJKLQUHYHUVH
RUGHU8VH/RFWLWHDGKHVLYHRQWKHPRWRUPRXQWVWXGV
EHIRUHLQVWDOOLQJQHZPRWRUPRXQWLQJQXWV
7LJKWHQWKHPRWRUPRXQWLQJQXWVXQWLOWKHORFNZDVKHUIODWWHQVWKHQ
WXUQWKHQXWôWXUQ'RQRWRYHUWLJKWHQWKHQXW
7KHQHZPRWRUDQGIO\ZKHHODVVHPEO\PXVWEHDOLJQHGZLWKWKH
IURQWUROOHUGULYHSXOOH\8VHDVWUDLJKWHGJHGUXOHUSODFHGRQWKH
RXWVLGHRIWKHIURQWUROOHUGULYHSXOOH\WRDOLJQWKHRXWVLGHIDFH
RIWKHPRWRUGULYHSXOOH\WRZLWKLQLQFKõPP7LJKWHQ
WKHVHWVFUHZV
5HSODFHWKHSRO\9EHOWDVSUHYLRXVO\GHVFULEHG
5HSODFHWKHKRRGDVVHPEO\DVSUHYLRXVO\GHVFULEHG
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH*UDGH$FWXDWRU
>
3ODFHDFOHDQVKHHWRIFDUGERDUGRUDFOHDQUDJRQWKHWUHDGPLOO
GHFNEHIRUHVWDUWLQJWKLVSURFHGXUH
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
'RQRWHOHYDWHWKHWUHDGPLOO
%ORFNWKHWUHDGPLOOKHDGIUDPHVHFXUHO\ZLWKZRRGHQEORFNVWR
HQVXUHWKDWWKHWUHDGPLOOZLOOQRWGURSZKHQ\RXUHPRYHWKH
JUDGHDFWXDWRU
7XUQRIIWKHSRZHUDQGUHPRYHWKHKRRGDVGHVFULEHG
'LVFRQQHFWWKHJUDGHDFWXDWRUFRQQHFWRUIURPWKH96'ERDUG
3
5HPRYHWKHWZRPPKH[EROWVVHFXULQJWKHJUDGHDUPEHDULQJV
WRWKHEORFNDWWKHHQGRIWKHVFUHZRQWKHJUDGHDFWXDWRU%H
FDUHIXODVWKHJUDGHDUPZLOOVZLQJIUHHZKHQWKHVHEROWVDUH
UHPRYHG
5HPRYHWKHVKRXOGHUEXVKLQJVIURPWKHJUDGHDUPDQGVHW
DVLGHQRWLQJWKHORFDWLRQRIIODWVIRUSUHYHQWLQJURWDWLRQ
5HPRYHWKHORFNQXWDQGEROWIURPWKHJUDGHDFWXDWRU
PRXQWLQJDWWKHKHDGIUDPHHQGDQGUHPRYHWKHDFWXDWRU
:LWKGUDZWKHF\OLQGULFDOEXVKLQJIURPWKHEHDULQJLQWKHHQGRI
WKHDFWXDWRU
6SLQWKHEORFNFRQWDLQLQJWKHDFWXDWRUQXWRIIWKHHQGRIWKH
VFUHZ8VLQJD3KLOOLSVVFUHZGULYHUUHPRYHWKH0VFUHZVORFN
ZDVKHUVDQGIODWZDVKHUVVHFXULQJWKHJUDGHQXW
5HSODFHWKHJUDGHDFWXDWRUIROORZLQJVWHSVWKURXJKLQ
UHYHUVHRUGHU:KHQUHLQVWDOOLQJWKHEURQ]HEHDULQJVEHVXUHWR
FOHDQDOOPDWLQJVXUIDFHVDQGOXEULFDWHEHDULQJVZLWK
DXWRPRWLYHZKHHOEHDULQJJUHDVHSULRUWRLQVWDOODWLRQ3ULRUWR
LQVWDOOLQJWKHJUDGHDUPEHDULQJVDVGHVFULEHGLQVWHS
SHUIRUPWKHSURFHGXUHGHVFULEHGEHORZWRFDOLEUDWHWKHJUDGH
V\VWHP$SSO\DVPDOODPRXQWRIJUHDVHWRWKHVFUHZDIWHU
LQVWDOODWLRQ
JUDGHQXWSDUW
RIDFWXDWRU
JUDGHDFWXDWRU
9
9
PPKH[EROWV
JUDGHQXW
EORFN
KH[EROW
EXVKLQJ
JUDGHDUPEXVKLQJ
EURQ]H
VKRXOGHUEXVKLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&DOLEUDWLQJWKH*UDGH6\VWHP
7KLVSURFHGXUHDVVXPHVWKHVWDUWLQJSRLQWLVZLWKWKHJUDGHDUP
EHDULQJVUHPRYHGDFWXDWRULVIUHHDWWKHDFWXDWRUQXW,IWKLVLVQRW
WKHFDVHSHUIRUPVWHSVWKURXJKRIWKHSURFHGXUHIRU5HSODFLQJ
WKH*UDGH$FWXDWRU
3RVLWLRQWKHJUDGHDFWXDWRULQVXFKDZD\WKDWLIWKHVFUHZ
WXUQVQRKDUPZLOOFRPH3OXJWKHWUHDGPLOOLQWXUQWKHFLUFXLW
EUHDNHURQDQGXVHWKH8SRU'RZQNH\VRQWKHFRQWUROOHUWRVHW
WKHJUDGHDW,IDQ(HUURULVHQFRXQWHUHGWKLVLQGLFDWHV
WKHJUDGHSRWLVUHSRUWLQJDQRXWRIUDQJHHUURUDQGSUHVVLQJWKH
DSSURSULDWHNH\WRPRYHWKHDFWXDWRUEDFNLQUDQJHZLOOFOHDU
WKHHUURU7XUQRIIWKHFLUFXLWEUHDNHUDQGXQSOXJWKHWUHDGPLOO
$OORZPLQXWHVIRUWKHYROWDJHRQWKH96'ERDUGWREOHHGGRZQ
EHIRUHUHVXPLQJZRUNRQWKHWUHDGPLOO
/HYHOWKHWUHDGPLOOE\SODFLQJVXLWDEOHEORFNLQJXQGHUWKH
KHDGIUDPH8VHHLWKHUDOHYHORQWKHVLGHUDLOE\PHDVXULQJWKH
GLVWDQFHWRWKHERWWRPRIWKHVLGHUDLOVDWERWKHQGVRUE\
SODFLQJDSDLURILQFKWKLFNVSDFHUVXQGHUWKHODUJHJUDGH
VZLQJDUPEHDULQJPRXQWVXQGHUWKHWUHDGPLOO
6FUHZWKHJUDGHQXWEORFNDVVHPEO\RQWRWKHVFUHZXQWLOWKH
KROHVLQWKHEORFNOLQHXSZLWKWKHKROHVLQWKHJUDGHDUP
,QVWDOOWKHJUDGHDUPVKRXOGHUEXVKLQJVEHDULQJVDQG0KH[
EROWVIODWDQGORFNZDVKHUV7RUTXHWRLQOE
+LJKYROWDJHLVSUHVHQWZKHQWKHWUHDGPLOOLVSOXJJHGLQWRDSRZHU
VRXUFH6HFXUHORRVHKDLUFORWKLQJDQGMHZHOU\EHIRUHZRUNLQJQHDU
URWDWLQJPDFKLQHU\
9HULI\WKDW
D LWRSHUDWHVRYHUWKHIXOOUDQJHRIIRU&OXE7UDFN
E WKHUHLVQRELQGLQJZKHQLWPRYHVXSRUGRZQ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
:DON'HFN$VVHPEO\
KH[VFUHZVKROGLQJGHFNWR
VLGHUDLOV3/
0[/
0IODWZDVKHU
0[/
IODWZDVKHU
ORFNZDVKHU
UHWDLQHU
UHDUVFUHZV3/
0[/
0IODWZDVKHU
DGMXVWPHQWEROW
0[/
IODWZDVKHU
UHDUUROOHU
IURQWUROOHU
&OXE7UDFN
3OXV3OXV
5HSODFLQJWKH5ROOHUV
7XUQRIIWKHWUHDGPLOOFLUFXLWEUHDNHUDQGXQSOXJWKHSRZHU
FRUG5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG
5HPRYHWKHSRO\9EHOWDVGHVFULEHGSUHYLRXVO\
/RRVHQWHQVLRQRQWKHZDONEHOW5HPRYHWKHHQGFDSV
FRPSOHWHO\
3XOOWKHZDONEHOWWRZDUGVWKHUHDURIWKHGHFNWKHQVOLGHWKH
UHDUUROOHUDVVHPEO\RXWIURPEHWZHHQWKHZDONEHOWWRZDUGWKH
VLGHRIWKHWUHDGPLOO
/LIWWKHIURQWUROOHURXWIURPXQGHUWKHZDONEHOW
5HSODFHWKHUROOHUVDQGUHDVVHPEOHWKHWUHDGPLOOIROORZLQJ6WHSV
LQUHYHUVHRUGHU6HH,QVWDOOLQJWKH)URQW6KDIWHDUOLHULQWKLV
FKDSWHU
>
,IWKHDGMXVWLQJEROWVZLOOQRWWKUHDGLQWRWKHVKDIWFKHFNWKHSDUW
QXPEHURIWKHUHSODFHPHQWEROW7KLVVKDIWKDVPHWULFWKUHDGV
$GMXVWWKHZDONEHOWWHQVLRQDQGWUDFNLQJ
)LHOG)XQFWLRQDO7HVW
7RYHULI\SURSHURSHUDWLRQSHUIRUP)LHOG7HVW1R6HH$SSHQGL[
')LHOG)XQFWLRQDO7HVWVIRUVSHFLILFLQVWUXFWLRQV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
5HSODFLQJWKH:DON%HOWRU'HFN
>
$OOLQVWUXFWLRQVDUHJLYHQDVLI\RXZHUHH[HUFLVLQJRQWKH
WUHDGPLOO
:KHQHYHU\RXLQVWDOODQHZZDONEHOW\RXVKRXOGLQVWDOODQHZ
GHFNRUWXUQRYHUWKHH[LVWLQJGHFNWKHGHFNLVUHYHUVLEOH,QVSHFW
WKHFRPSUHVVLRQPRXQWVHDFKWLPH\RXUHSODFHWKHZDONEHOWDQG
UHSODFHLIZRUQ
5DLVHWKHWUHDGPLOOWRLWVPD[LPXPKHLJKW7XUQRIIWKHSRZHU
XQSOXJWKHSRZHUFRUGDQGUHPRYHWKHKRRGDVSUHYLRXVO\
GHVFULEHG
5HPRYHWKHIURQWDQGUHDUUROOHUDVVHPEOLHVVHHSUHYLRXV
*UDVSWKHOHIWVLGHUDLOFRYHUDWWKHUHDURIWKHWUHDGPLOOWKHQ
SXOOLWVWUDLJKWEDFNWRVOLGHWKHFRYHURII5HSHDWIRUWKHULJKW
FRYHU
5HPRYHWKHVFUHZVWKDWKROGWKHGHFNWRWKHVLGHUDLOV
5HPRYHWKHGHFNDQGEHOW
,QVWDOODQHZEHOWZLWKWKHORJRVLGHXSDQGUHDVVHPEOHWKH
WUHDGPLOOIROORZLQJ6WHSVLQUHYHUVHRUGHU
>
:KHQ\RXLQVWDOODQHZEHOWYHULI\WKDWWKHFORVHGHQGRIWKH
VSOLFHRQWKHZDONEHOWKLWVWKHUROOHUILUVWDVWKHEHOWURWDWHV
$GMXVWWKHEHOWWUDFNLQJDQGWHQVLRQ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJ&RPSUHVVLRQ0RXQWV
,QVSHFWWKHFRPSUHVVLRQPRXQWVHDFKWLPH\RXFKDQJHWKHZDON
EHOW5HSODFHWKHPRXQWVLIZRUQ
5HPRYHWKHGHFNDVSUHYLRXVO\GHVFULEHG
/RFDWHDQGXQVFUHZWKHFRPSUHVVLRQPRXQWVIURPWKHLQVLGHRI
HDFKVLGHUDLOWKHUHDUHILYHORQJPRXQWVDQGWKUHHVKRUW
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
PRXQWVRQHDFKVLGHUDLO7KHIURQWWZRPRXQWVDUHDWWDFKHG
ZLWKKH[QXWVXQGHUQHDWK
IURQWUROOHU
UHDUUROOHU
/+HQGFDS
/
6
/
6
/
6
/
6
/
DOXPLQXPVSDFHU
6 VKRUWPRXQWV
/ ORQJPRXQWV
5+HQGFDS
8QVFUHZWKHPRXQWVIURPHDFKVLGHUDLODQGUHSODFH
5HSODFHWKHGHFNDVSUHYLRXVO\GHVFULEHG7ULSOH)OH[
0DLQWHQDQFH.LWSQ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSODFLQJWKH'HFN
>
7KHGHFNLVUHYHUVLEOH<RXFDQWXUQLWRYHULIRQHVLGHZHDUVRXW
7KHZDONEHOWPXVWEHUHSODFHGZKHQWKHGHFNLVWXUQHGRYHU
)ROORZ6WHSVLQWKHSUHYLRXVVHFWLRQ5HSODFLQJWKH:DON%HOWWR
UHPRYHDQGUHSODFHWKHGHFN
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
$GMXVWLQJWKH:DON%HOW
:DON%HOW7HQVLRQ
$GMXVWWKHWHQVLRQ
‡
ZKHQHYHUWKHEHOWVOLSVRUPRYHVXQVWHDGLO\GXULQJRSHUDWLRQ
‡
DIWHULQVWDOOLQJDQHZZDONEHOW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
7ZRDGMXVWPHQWPHWKRGVDUHVSHFLILHG0HWKRGLVSUHIHUUHGEXW
WZREHOWWHQVLRQFDOLSHUV4XLQWRQ31DUHUHTXLUHG
>
%RWKDGMXVWPHQWVFUHZVPXVWEHFRPSOHWHO\VODFNEHIRUHVWDUWLQJ
WKLVSURFHGXUH
0HWKRG&DOLSHUVDYDLODEOH
7XUQERWKWHQVLRQDGMXVWPHQWVFUHZVFORFNZLVHXQWLOPRVWRI
WKHVODFNLVUHPRYHGIURPWKHEHOW
>
'RQRWVWUHWFKWKHZDONEHOWDWWKLVSRLQW
3RVLWLRQRQHFDOLSHURQHDFKVLGHRIWKHEHOWDSSUR[LPDWHO\
LQFKHVIURPWKHUHDUUROOHUDVVHPEO\
*UDVSWKHEHOWZLWKRQHFDOLSHUFODPS
3XOOWKHVODFNRXWRIWKHEHOWZLWK\RXUILQJHUVWKHQJUDVSWKH
EHOWZLWKWKHVHFRQGFODPS
5HSHDW6WHSVDQGRQWKHRWKHUVLGHRIWKHEHOWXVLQJWKH
RWKHUFDOLSHU
6HWWKHGLDOVRIERWKFDOLSHUVWR]HUR
$OWHUQDWHO\WLJKWHQHDFKWHQVLRQDGMXVWPHQWVFUHZLQ
LQFUHPHQWVXQWLOERWKVLGHVUHDG(QVXUHWKDWWKHSRLQWHU
LVH[DFWO\RQWKHOLQHLQFUHPHQWRIWKHGLDOIRUHDFKVHWWLQJ
'RQRWRYHUWLJKWHQWKHDGMXVWPHQWVFUHZV2YHUWLJKWHQLQJPD\GDPDJH
WKHZDONEHOWDQGUROOHUDVVHPEOLHV
5HPRYHERWKJDXJHV
$GMXVWWKHZDONEHOWWUDFNLQJ
0HWKRG&DOLSHUVQRWDYDLODEOH
>
%RWKDGMXVWPHQWVFUHZVPXVWEHFRPSOHWHO\VODFNEHIRUHVWDUWLQJ
WKLVSURFHGXUH
8VHWKLVPHWKRGRQO\LIWZREHOWDGMXVWPHQWFDOLSHUVDUHQRW
DYDLODEOH$QDFFXUDWHPHDVXULQJGHYLFHLVUHTXLUHG
7XUQERWKWHQVLRQDGMXVWPHQWVFUHZVFORFNZLVHXQWLOPRVWRI
WKHVODFNLVUHPRYHGIURPWKHEHOW'RQRWVWUHWFKWKHZDONEHOW
3ODFHWZRSLHFHVRIPDVNLQJWDSHRUWZROLJKWSHQFLOPDUNVRQ
WKHULJKWHGJHRIWKHEHOWH[DFWO\LQFKDSDUW
5HSHDW6WHSRQWKHOHIWHGJHRIWKHEHOW
$OWHUQDWHO\WXUQWKHOHIWDQGULJKWDGMXVWPHQWVFUHZVRQHKDOI
WXUQXQWLOWKHGLVWDQFHEHWZHHQWKHWDSHRUSHQFLOPDUNVLV
LQFK“RQERWKVLGHV
'RQRWRYHUWLJKWHQWKHDGMXVWPHQWVFUHZV2YHUWLJKWHQLQJPD\GDPDJH
WKHZDONEHOWDQGUROOHUDVVHPEOLHV
5HPRYHWKHWDSH
$GMXVWWKHZDONEHOWWUDFNLQJ
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
:DON%HOW7UDFNLQJ
$GMXVWWKHWUDFNLQJ
‡
‡
‡
ZKHQHYHUWKHEHOWPRYHVWRRQHVLGH
DIWHULQVWDOOLQJDQHZZDONEHOW
HDFKWLPH\RXDGMXVWWKHZDONEHOWWHQVLRQ
'RQRWVWDQGRQWKHEHOWZKHQDGMXVWLQJWKHWUDFNLQJ
$GMXVWWKHZDONEHOWWHQVLRQDVGHVFULEHGRQWKHSUHYLRXVSDJH
6WDUWWKHWUHDGPLOODQGOHWLWUXQIRUDWOHDVWRQHPLQXWHDW
PLQLPXPVSHHGDQGJUDGH'RQRWVWDUWWKHWUHDGPLOOZKHQ
VRPHRQHLVRQWKHZDONEHOW
0DNHWKHIROORZLQJDGMXVWPHQWWRWKHULJKWDGMXVWPHQWVFUHZ
RQO\
D ,IWKHEHOWPRYHVWRWKHULJKWWXUQWKHVFUHZôWXUQ
FORFNZLVH
E ,IWKHEHOWPRYHVWRWKHOHIWWXUQWKHVFUHZôWXUQFRXQWHU
FORFNZLVH
5XQWKHWUHDGPLOOIRUDWOHDVWRQHPLQXWHWRREVHUYHWKHEHOW
WUDFNLQJ$GMXVWPHQWVPD\WDNHVRPHWLPHWREHFRPHDSSDUHQW
5HSHDW6WHSVDQGDVUHTXLUHG
'RQRWRYHUWLJKWHQWKHDGMXVWPHQWVFUHZ2YHUWLJKWHQLQJPD\GDPDJH
WKHZDONEHOWDQGDVVHPEOLHV
,QFUHDVHWKHVSHHGWRPSKWKHQUHSHDW6WHSVDQGDV
UHTXLUHG
3UHVV6WRS%HOWWRVWRSWKHWUHDGPLOOWKHQSUHVV3RZHUWRWXUQLW
RII
&RQWUROOHU$VVHPEO\
7KHFRQWUROOHUDVVHPEO\LQFOXGHVWKHNH\SDQHOWKH3&%$DQGWKH
HQFORVXUHWKDWKROGVWKHPWRWKHWUHDGPLOO
7KH&OXE7UDFNDQGXVHWKHKHDUWUDWHPRQLWRU+50
7KH&OXE7UDFN3OXVDQG3OXVXVHWKHKHDUWUDWHFRQWUROOHU
+5&
<RXPXVWFRQILJXUHWKHFRQWUROOHUFRUUHFWO\DIWHULQVWDOOLQJ
5HPRYLQJWKH(QFORVXUH
7XUQWKHWUHDGPLOOSRZHURIIDQGGLVFRQQHFWWKHSRZHUFRUG
IURPWKHSRZHUVRXUFH
5HPRYHRSWLRQDOVLGHUDLOVLISUHVHQW
:KLOHSHUIRUPLQJ6WHSVKROGWKHHQFORVXUHVHFXUHO\VRWKDWLWGRHV
QRWIDOOZKLOH\RXDUHUHPRYLQJWKHVFUHZVDQGWKHKDQGUDLO%HFDUHIXO
QRWWRVFUDWFKWKHXSULJKWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
8VHD3KLOOLSVVFUHZGULYHUWRUHPRYHWKHVFUHZVIURPWKHUHDU
FRYHURIWKHHQFORVXUH
,QWHUIDFH&RQQHFWRU
3OXVPRGHOVRQO\
5HPRYHDOO
VFUHZV
&RQWUROOHU
KRXVLQJ
/LIWWKHKRXVLQJRIIWKHUHDUSDQHO
'LVFRQQHFWWKHFRQWUROOHUFDEOHORFDWHGRQWKHOHIWVLGHRIWKH
3&%$DQGWKHKDQGUDLOFDEOHDWWKHVPDOOFRQWDFWKHDUWUDWH
3&%$
5HDVVHPEOHIROORZLQJ6WHSVLQUHYHUVHRUGHU
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSODFLQJWKH3&%$
&OXE7UDFN
7XUQRIIWKHWUHDGPLOODQGGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHW
5HPRYHWKHFRQWUROOHUDVVHPEO\DVGHVFULEHGHDUOLHU
8VLQJDPPQXWGULYHURUVRFNHWUHPRYHWKH0KH[VSDFHUV
VHFXULQJWKH3&%$8VLQJD3KLOOLSVVFUHZGULYHUUHPRYHWKH
UHPDLQLQJVFUHZVQRWLQJWKHORFDWLRQRIWKH(0,JURXQGFOLS
DQGWKHKDQGJULSPRGXOHJURXQGZLUH
'LVFRQQHFWWKHKDQGJULSPRGXOHLQWHUIDFHFDEOH
5HPRYHWKH3&%$GLVFRQQHFWLQJWKHULEERQFDEOHIURPWKH
NH\SDQHO
5HSODFHWKH3&%$DQGUHDVVHPEOHIROORZLQJVWHSVLQ
UHYHUVH
&OXE7UDFN3OXV
7XUQRIIWKHWUHDGPLOODQGGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHW
5HPRYHWKHFRQWUROOHUDVVHPEO\DVGHVFULEHGHDUOLHU
8VLQJDPPQXWGULYHURUVRFNHWUHPRYHWKH0KH[VSDFHUV
VHFXULQJWKH3&%$XVLQJD3KLOOLSVVFUHZGULYHUUHPRYHWKH
UHPDLQLQJVFUHZVQRWLQJWKHORFDWLRQRIWKH(0,JURXQGFOLS
DQGWKHKDQGJULSPRGXOHJURXQGZLUH
'LVFRQQHFWWKHULEERQFDEOHWRWKH/&'GLVSOD\DWWKHWRSRIWKH
3&%$'LVHQJDJHWKHFRQQHFWRUIURPWKHFDEOHE\VOLGLQJWKH
RXWHUFRQQHFWRUKRXVLQJDZD\IURPWKH3&%7KHKRXVLQJZLOO
VOLGHDSSUR[LPDWHO\LQFKWKHQVWRS2QFHWKHKRXVLQJLVLQ
WKLVSRVLWLRQWKHFDEOHVKRXOGH[WUDFWZLWKRXWDQ\UHVLVWDQFH
'LVFRQQHFWWKHIOXRUHVFHQWWXEHZLUHVZLUHFRQQHFWRUIURP
WKH3&%$
'LVFRQQHFWWKHKDQGJULSPRGXOHLQWHUIDFHFDEOH
5HPRYHWKH3&%$GLVFRQQHFWLQJWKHULEERQFDEOHIURPWKH
NH\SDQHO
5HSODFHWKH3&%$DQGUHDVVHPEOHIROORZLQJVWHSVLQ
UHYHUVH
5HSODFLQJWKH+DQGUDLO7UHDGPLOOVZLWK+DQGJULS+HDUW
5DWHIHDWXUH
7XUQRIIWKHWUHDGPLOODQGGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHW
5HPRYHWKHFRQWUROOHUDVVHPEO\DVGHVFULEHGHDUOLHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
8VHDPPVRFNHWZUHQFKWRUHPRYHWKHIRXUVFUHZVWKDWKROG
WKHWZRSODVWLFKDQGUDLOUHWDLQHUVLQSODFH&DUHIXOO\SXOOWKH
UHWDLQHUVRXWXVLQJDSDLURISOLHUV
5RWDWHWKHKDQGUDLOWXUQDZD\IURPWKHNH\SDQHOVRWKH
VORWVWKDWWKHUHWDLQHUVILWLQWRQRZIDFHXSZDUGV
3XVKWKHULJKWVLGHRIWKHKDQGUDLODOOWKHZD\IRUZDUGWRZDUG
WKHNH\SDQHO
3XOOWKHOHIWVLGHRIWKHKDQGUDLORXWRIWKHXSULJKWILWWLQJWR
FRPSOHWHWKHUHPRYDO
7RLQVWDOOWKHQHZKDQGUDLOEHJLQE\VOLGLQJWKHKDQGUDLOFDEOH
LQWRWKHORQJWKLQVORWDWWKHHQGRIWKHKDQGUDLOWXEH
+ROGWKHKDQGUDLOVRWKDWWKHFDEOHSURWUXGHVIURPWKHOHIWVLGH
DQGURWDWHWKHKDQGUDLOVRWKDWWKHORQJVORWVIDFHWKHFHLOLQJ
3XVKWKHULJKWVLGHRIWKHKDQGUDLOWXEHLQWRWKHXSULJKWILWWLQJ
DQGVOLGHWKHKDQGUDLOWRZDUGWKHNH\SDQHODVIDUIRUZDUGDV
SRVVLEOH
7KHOHIWVLGHRIWKHKDQGUDLOVKRXOGQRZVOLGHIRUZDUGHDVLO\%H
FDUHIXOQRWWRNLQNWKHFDEOHRUFXWWKURXJKLWVRXWHUMDFNHW
3XOOWKHULJKWVLGHRIWKHKDQGUDLOEDFNDZD\IURPWKHNH\SDQHO
DQGVOLGHWKHKDQGUDLOWRWKHULJKW
5RWDWHWKHKDQGUDLOIRUZDUGVRWKDWWKHVORWVIDFHGLUHFWO\
DZD\
5HPRYHWKHFDEOHIURPWKHVORWRQWKHOHIWVLGHVRWKDWLWPRYHV
IUHHO\DQGURXWHLWWKURXJKWKHXSULJKWILWWLQJ
5HLQVWDOOWKHSODVWLFKDQGUDLOUHWDLQHUVDQGWKHIRXUVFUHZV
5HLQVWDOOWKHFRQWUROOHUDVVHPEO\
5HSODFLQJWKH)OXRUHVFHQW7XEH3OXV0RGHOV
5HPRYHWKH3&%$DVGHVFULEHGDERYH5HSODFLQJWKH3&%$
5HPRYHWKH(0,VKLHOG
5HPRYHWKH/&'GLVSOD\IURPWKHNH\SDQHODQGSODFHLWIDFHXS
5HPRYHWKHVLQJOHVFUHZWKDWKROGVWKHZKLWHSODVWLF
IOXRUHVFHQWWXEHKRXVLQJWRJHWKHU
5HPRYHWKHIOXRUHVFHQWWXEHSQDQGUHSODFHZLWK
QHZWXEH
5HDVVHPEOHLQUHYHUVHRUGHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSODFLQJWKH+DQGJULS+HDUW5DWH0RGXOH
7XUQRIIWKHWUHDGPLOODQGGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHW
5HPRYHWKHFRQWUROOHUDVVHPEO\DVGHVFULEHGHDUOLHU
1RWHWKHRULHQWDWLRQRIWKH+DQGJULS0RGXOHZLWKLQWKH
FRQWUROOHUDVVHPEO\DQGFRQQHFWLRQVWRLQFRPLQJFDEOHV7KH
IRXUSLQFRQQHFWRULQWKHFRUQHURIWKHPRGXOHPXVWEHORFDWHG
WRDOLJQZLWKWKHFDEOHIURPWKHKDQGUDLO'LVFRQQHFWWKHFDEOHV
7KH+DQGJULS0RGXOHLVKHOGGRZQE\UHFORVHDEOHIDVWHQHUV
8VHDZLGHEODGHVFUHZGULYHUWRSU\LWIURPWKHFRQWUROOHU
KRXVLQJ
3UHVVWKHUHSODFHPHQW+DQGJULS0RGXOHLQWRSODFHVHFXUHO\
5HFRQQHFWFDEOHVDQGUHDVVHPEOHIROORZLQJVWHSVWKURXJKLQ
UHYHUVHRUGHU
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
&RQILJXULQJWKH&RQWUROOHU
:KHQ\RXUHSODFHDFRQWUROOHU\RXPXVWFRQILJXUHLWWRZRUNZLWK
WKHVSHFLILFWUHDGPLOO7KLVPXVWDOVREHGRQHDIWHUDQ(HUURU
3HUIRUPWKHIROORZLQJVWHSVWRFRQILJXUHWKHWUHDGPLOO
&OXE7UDFNDQG&OXEWUDFN
(QWHUWKHVHUYLFHPRGHE\VLPXOWDQHRXVO\SUHVVLQJ6WRS%HOW
6ORZHUDQG)DVWHU
6HOHFWWKHFRQILJXUDWLRQQXPEHUE\KROGLQJGRZQ6WRS%HOWDQG
GHSUHVV,QSXWRU,QSXWXQWLOWKHFRUUHFWLRQFRQILJXUDWLRQ
QXPEHUDSSHDUVLQWKHGLVSOD\&KRRVHWKHDSSURSULDWH
FRQILJXUDWLRQQXPEHUIURPWKHIROORZLQJ
7UHDGPLOO
&RQILJXUDWLRQ1R
&OXE7UDFN
&3
&OXE7UDFN
&3
3UHVV6HOHFWWRVWRUHWKHFRQILJXUDWLRQ
([LWVHUYLFHPRGHE\VLPXOWDQHRXVO\SUHVVLQJ6WRS%HOW)DVWHU
DQG6ORZHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFN3OXVDQG&OXEWUDFN3OXV
(QWHUWKHVHUYLFHPRGHE\VLPXOWDQHRXVO\SUHVVLQJ6WRS%HOW
6ORZHUDQG)DVWHU
3UHVV)195/RDG
3UHVVWKH1H[WEXWWRQWKUHHWLPHV
3UHVV)6HOHFW&RQILJXUDWLRQ3UHVVXSDUURZXQWLO&3LV
GLVSOD\HGIRUWKH&OXE7UDFN3OXVRU&3LVGLVSOD\HGIRUWKH
&OXE7UDFN3OXV
3UHVV([LWWRH[LWWKH6HUYLFH0RGHDQGVDYHWKHFRQILJXUDWLRQ
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HPRYLQJWKH.H\SDQHO
7RUHPRYHWKHNH\SDQHO
5HPRYHWKH3&%$IROORZLQJWKHDERYHSURFHGXUH
5HPRYHWKHKH[QXWVWKDWKROGWKHNH\SDQHOWRWKH
HQFORVXUH
/LIWWKHNH\SDQHORIIWKHHQFORVXUH
5HSODFLQJWKH&RQWUROOHU&DEOH
'LVFRQQHFWWKHSRZHUDQGUHPRYHWKHKRRGDVSUHYLRXVO\
GHVFULEHG
5HPRYHWKHFRQWUROOHUDVVHPEO\DVSUHYLRXVO\GHVFULEHG
&XWDQ\FDEOHWLHVWKDWIDVWHQWKHFRQWUROOHUFDEOHWRWKH
KHDGIUDPH
5HPRYHWKH(0,IHUULWHIURPWKHFDEOH
3XOOWKHFDEOHXSWKURXJKWKHULJKWXSULJKWWRUHPRYHLW
,QVWDOODQHZFDEOHSQIROORZLQJ6WHSVLQ
UHYHUVHRUGHU
)LHOG)XQFWLRQDO7HVW
7RYHULI\WKDWWKHWUHDGPLOOLVRSHUDWLQJSURSHUO\SHUIRUP)LHOG7HVW
1R6HH$SSHQGL[')LHOG)XQFWLRQDO7HVWVIRUVSHFLILF
LQVWUXFWLRQV
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&XPXODWLYH8VH
7KHFXPXODWLYHXVHIHDWXUHOHWV\RXGHWHUPLQHWKHDPRXQWRIZHDU
RQWKHEHOWDQGPRWRUE\GLVSOD\LQJWKHWRWDOGLVWDQFHRUWRWDOWLPH
RIXVHIRUHDFKWUHDGPLOO7KLVGDWDFDQEHXVHIXOIRUVFKHGXOLQJ
VHUYLFH
>
7KHFXPXODWLYHWLPHDQGGLVWDQFHDUHVWRUHGLQWKHFRQWUROOHU
%RWKYDOXHVDUH]HURLIDQHZFRQWUROOHULVLQVWDOOHG/RDGLQJD
IDFWRU\GHIDXOWSURJUDPZLOOUHVHWWKHWLPHDQGGLVWDQFHWR]HUR
&OXE7UDFN
'LVWDQFH
7RGHWHUPLQHWKHWRWDOGLVWDQFHRQHDFKWUHDGPLOO
3UHVV3RZHUWRWXUQRQWKHWUHDGPLOOFRQWUROOHU
6LPXOWDQHRXVO\SUHVV6WRSDQG6ORZHU
0XOWLSO\WKHQXPEHUWKDWDSSHDUVLQWKHPXOWLIXQFWLRQGLVSOD\
E\WRREWDLQWKHFXPXODWLYHWRWDOLQPLOHVRUKRXUV
5HFRUGWKHPLOHDJHDQGWKHGDWHIRU\RXUUHFRUGV
3UHVV&OHDUWRUHVHWWKHGLVSOD\IRURSHUDWLRQ
7LPH
7RGHWHUPLQHWKHWRWDOWLPHRIWUHDGPLOOXVH
3UHVV3RZHUWRWXUQRQWKHWUHDGPLOOFRQWUROOHU
6LPXOWDQHRXVO\SUHVV6WRSDQG)DVWHU
0XOWLSO\WKHQXPEHUWKDWDSSHDUVLQWKHFHQWHUGLVSOD\E\WR
REWDLQWKHWRWDOQXPEHURIKRXUVRIRSHUDWLRQ
5HFRUGWKHWRWDOWLPHDQGWKHGDWHIRU\RXUUHFRUGV
3UHVV&OHDUWRUHVHWWKHGLVSOD\IRURSHUDWLRQ
&OXE7UDFN3OXV
>
,QWKH3OXVFRQWUROOHUVWRWDOWLPHWRWDOGLVWDQFHDQGFXUUHQW
GLVWDQFHDUHFDOFXODWHGDQGVDYHGLQWKH+5&WKHUHIRUHDQ\
FRQWUROOHUUHSODFHPHQWUHVWDUWVWKHPDLQWHQDQFHFRXQWHUV7RWDO
WLPHDQGGLVWDQFHDUHVDYHGLQWRQRQYRODWLOHPHPRU\HYHU\WLPH
WKHVWRSEHOWIXQFWLRQLVDFWLYDWHG
7RYLHZFXPXODWHGWLPHDQGGLVWDQFHHQWHUFXVWRPPRGHDQGVHOHFW
0DLQWHQDQFH,QIRUPDWLRQ7KHVFUHHQVKRZVWKHFXPXODWLYHWLPHDQG
GLVWDQFH
7RRSHQFXVWRPPRGH
7XUQWKH3RZHUNH\RII
3UHVVDQGKROGWKH0HQXNH\WKHQSUHVV3RZHU
6HOHFW0DLQWHQDQFH,QIRUPDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
/LPLWHG$FFHVV6ZLWFK
,IWKHOLPLWHGDFFHVVFRQWUROLVRQWKHWUHDGPLOOZLOOQRWRSHUDWH
XQOHVVWKHPDJQHWLFNH\LVRQWKH4XLQWRQORJRRQWKHFRQWUROOHU
'LVDEOLQJWKH/LPLWHG$FFHVV6ZLWFK
5HPRYHWKHPDJQHWLFNH\DQGSUHVV3RZHUWRWXUQRIIWKH
WUHDGPLOO
6LPXOWDQHRXVO\SUHVVDQGKROGWKH²DQG3RZHUNH\VXQWLO
WKHVRQWKHGLVSOD\JRRIIWKHQUHOHDVHWKHNH\V
7KHFRQWUROUHPDLQVLQDFWLYHDOORZLQJXQUHVWULFWHGDFFHVVXQWLO
\RXSODFHWKHNH\RYHUWKHORJRDJDLQ
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHYHQWLYH0DLQWHQDQFH
%HIRUHZRUNLQJRQWKHWUHDGPLOORULWVFRPSRQHQWVWXUQRIIWKHWUHDGPLOO
FLUFXLWEUHDNHUDQGXQSOXJWKHSRZHUFRUG
+LJKYROWDJHVUHPDLQXQGHUWKHWUHDGPLOOKRRGIRUDIHZPLQXWHVHYHQ
DIWHUWKHSOXJKDVEHHQUHPRYHG
6HFXUHORQJKDLUORRVHFORWKLQJDQGMHZHOU\EHIRUHZRUNLQJQHDUWKH
WUHDGPLOOSDUWLFXODUO\QHDUWKHZDONLQJVXUIDFHRUSXOOH\V
'RQRWSHUPLWDQ\RQHWRVWDQGRQWKHWUHDGPLOOEHOWZKHQLWLVVWDUWHG
5HFRPPHQGHG6HUYLFH
:LWKQRUPDOXSNHHSQRURXWLQHVHUYLFHLVQHFHVVDU\:KHQVHUYLFH
LVUHTXLUHGUHSDLUVFDQEHGRQHWRWKHPRGXODUOHYHO
5RXWLQH0DLQWHQDQFH
9LVXDO,QVSHFWLRQ
,QVSHFWWKHSRZHUFRUGDQGZDONLQJEHOWIRUZHDU
‡
&KHFNWKHSRVLWLRQRIWKHZDONLQJEHOWEHVXUHLWLVQRWUXEELQJ
DJDLQVWWKHIUDPH7KHEHOWVKRXOGEHFHQWHUHGRQWKHGHFN
ZLWKLQLQFKDGMXVWLIQHFHVVDU\
‡
&KHFNRSWLRQDOVLGHKDQGUDLOVWREHVXUHWKH\DUHIDVWHQHG
VHFXUHO\
‡
5HPRYHSRWHQWLDOKD]DUGVIURPWKHWUHDGPLOODUHD
&OHDQLQJWKH([WHULRU
)ROORZWKHVHVWHSVWRFOHDQWKHWUHDGPLOODIWHUVHUYLFLQJRUDV
UHTXLUHG
(OHYDWHWKHWUHDGPLOOWRPD[LPXPKHLJKWDQGYDFXXPWKHIORRU
XQGHULWWRSUHYHQWH[FHVVGXVWDQGGLUWIURPLQWHUIHULQJZLWK
RSHUDWLRQ
8VHDGDPSVSRQJHWRZLSHWKHH[WHULRUVDQGZDONLQJEHOWGR
QRWVRDNVXUIDFHV'U\DOOVXUIDFHVWKRURXJKO\
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHYHQWLYH0DLQWHQDQFH
1HYHUZLSHWKHGHFNXQGHUWKHEHOWHYHQZKHQUHSODFLQJDEHOW:LSLQJ
FDQUXLQWKHVXUIDFH
'RQRWXVHGHWHUJHQWVRUFOHDQLQJDJHQWVRQDQ\SDUWRIWKHGHFN
'RQRWOHWOLTXLGHQWHUWKHLQWHULRURIWKHWUHDGPLOORUFRQWUROOHU
9DFXXPLQJ8QGHUWKH7UHDGPLOO+RRG
$FFXPXODWLRQRIGXVWDQGGLUWEHQHDWKWKHKRRGUHVWULFWVWKHDLU
IORZQHHGHGWRGLVVLSDWHKHDWIURPWKHGULYHPRWRUDQG96'ERDUG
7RSUHYHQWGDPDJHWRFRPSRQHQWVSHULRGLFDOO\YDFXXPWKH
PHFKDQLFDOGULYHDQGWKHDUHDEHKLQGWKH96'ERDUG
)UHTXHQF\
8VDJHDQGHQYLURQPHQWGHWHUPLQHKRZPXFKGXVWDFFXPXODWHV
DQGKRZIUHTXHQWO\\RXQHHGWRYDFXXPWKHFRPSRQHQWV,QVSHFW
WKHLQWHUQDOFRPSRQHQWVDWOHDVWHYHU\VL[PRQWKV$GMXVWWKH
LQVSHFWLRQVFKHGXOHDVQHHGHG
7RDYRLGHOHFWULFVKRFNWXUQRIIWKHWUHDGPLOOFLUFXLWEUHDNHUDQGXQSOXJ
WKHWUHDGPLOOEHIRUHUHPRYLQJWKHKRRG%HIRUHZRUNLQJQHDU
FRPSRQHQWVZDLWDWOHDVWWZRPLQXWHVIURPWKHWLPH\RXXQSOXJJHGWKH
SRZHUFRUG%HVXUHWKHUHG/('VRQWKH96'ERDUGDUHRII
8VHH[WUHPHFDXWLRQWRDYRLGSK\VLFDOGDPDJHWRWKHLQWHUQDO
FRPSRQHQWV$YRLGVWDWLFGLVFKDUJHZKLFKFDQGDPDJHWKHHOHFWURQLF
FRPSRQHQWV
5HPRYHWKHKRRGDVSUHYLRXVO\GHVFULEHG&KDSWHU
9DFXXPWKHDUHDVEHKLQGWKH96'FDJHVLGHUDLOVLGH'RQRW
YDFXXPWKH96'ERDUG
5HSODFHWKHKRRG
5HSODFHPHQW6FKHGXOHV
5HSODFHEHOWVLIWKH\DUHIUD\HGRUVKRZH[FHVVLYHZHDU
3UHYHQWLYH0DLQWHQDQFH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
+HDUW5DWH0RQLWRULQJ
&OHDQLQJ
&OHDQWKHKDQGUDLODQGFRQWDFWSDGVXVLQJDGDPSFORWKRUVSRQJH
'U\DOOVXUIDFHVWKRURXJKO\
&OHDQWKHFKHVWEHOWUHJXODUO\ZLWKPLOGVRDSDQGZDWHUWKHQGU\
WKRURXJKO\³UHVLGXDOVZHDWDQGPRLVWXUHNHHSWKHWUDQVPLWWHU
DFWLYHDQGGUDLQWKHEDWWHU\LQWKHWUDQVPLWWHU'RQRWXVHDEUDVLYHV
RUFKHPLFDOVVXFKDVVWHHOZRRORUDOFRKRODVWKH\FDQGDPDJHWKH
HOHFWURGHVSHUPDQHQWO\
%DWWHU\
7KHHVWLPDWHGOLIHRIWKHEHOWWUDQVPLWWHULVKRXUVRIXVH)RUD
UHSODFHPHQWEHOWDQGIRUUHF\FOLQJWKHROGWUDQVPLWWHUEHOWFRQWDFW
3RODU(OHFWURDW
6WRUDJH
6WRUHWKHEHOWLQDZDUPGU\SODFHDZD\IURPGLUHFWVXQOLJKW'R
QRWVWRUHLQSODVWLFRURWKHUPDWHULDOWKDWFDQWUDSPRLVWXUH'RQRW
VWRUHLQVRDSDQGZDWHUEDWK
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHYHQWLYH0DLQWHQDQFH
6DIHW\5HTXLUHPHQWV
5HDGWKLVPDQXDOLQIXOOEHIRUHRSHUDWLQJWKHWUHDGPLOO
‡
'RQRWVWDUWWKHWUHDGPLOOZKHQVRPHRQHLVVWDQGLQJRQWKH
EHOW
‡
.HHSVSHHGDQGJUDGHDWWKHORZHVWVHWWLQJVZKHQVRPHRQHLV
JHWWLQJRQDQGRIIWKHWUHDGPLOO
‡
.HHSWKHDUHDXQGHUQHDWKDQGDURXQGWKHWUHDGPLOOFOHDU
‡
%HIRUHHDFKXVHRIWKLVHTXLSPHQWFKHFNWKHSRZHUUHFHSWDFOH
IRUVLJQVRIGDPDJH'RQRWRSHUDWHWKHHTXLSPHQWLIWKH
LQWHJULW\RIWKHVHLWHPVLVLQTXHVWLRQ
‡
7RDYRLGSRWHQWLDOVDIHW\DQGHOHFWULFDOSUREOHPVXVHSDUWVDQG
DFFHVVRULHVWKDWPHHW4XLQWRQVSHFLILFDWLRQV
‡
7KLVHTXLSPHQWLVFODVVLILHG&ODVV,7\SH%RUGLQDU\
HTXLSPHQW1RWSURWHFWHGDJDLQVWIOXLGLQJUHVV5DWHGIRU
FRQWLQXRXVRSHUDWLRQ
‡
,QFUHDVHGULVNGXHWROHDNDJHFXUUHQWFDQUHVXOWLIWKLV
HTXLSPHQWLVQRWJURXQGHGSURSHUO\
‡
7KHWUHDGPLOOPXVWEHRQDQDSSURSULDWHGHGLFDWHGHOHFWULFDO
FLUFXLW1RWKLQJHOVHVKRXOGEHFRQQHFWHGWRWKHFLUFXLW
‡
)DLOXUHWRIROORZWKHVHJXLGHOLQHVFDQSURGXFHDVHULRXVRU
SRVVLEO\IDWDOHOHFWULFDOVKRFNKD]DUGRURWKHUVHULRXV
LQMXU\&RQVXOWDTXDOLILHGHOHFWULFLDQDVUHTXLUHG
>
&RQWLQXRXV$ZHLJKWHGVRXQGPHDVXUHPHQWVWDNHQRYHUWKH
VSHHGUDQJHRIDQXQORDGHG&OXE7UDFNWUHDGPLOODUHOHVVWKDQ
G%$
)RUV\VWHPVWREHXVHGLQWKH867KH$PHULFDQVWDQGDUGIRU
FKDVVLVOHDNDJHFXUUHQWRIHOHFWURPHGLFDODSSDUDWXVZKHQ
PHDVXUHGE\LQWHUUXSWLRQRIWKHSRZHUJURXQGHDUWKFRQGXFWRU
LVµ$7KHFXUUHQW$16,VWDQGDUG$16,$$0,(6
FRQWDLQVWKHOLPLWV7KHVWDQGDUGLVDOVRVKRZQLQWKH1DWLRQDO
)LUH3URWHFWLRQ$VVRFLDWLRQ6WDQGDUGIRUKHDOWKFDUHIDFLOLWLHV
1)3$7KHOHDNDJHFXUUHQWVVSHFLILHGLQWKHVWDQGDUGV
DUHIRUFXUUHQWIUHTXHQFLHVXSWR.+]7KH$$0,VWDQGDUGWHVW
ORDGSURYLGHVWKHSURSHUDWWHQXDWLRQIRUIUHTXHQFLHVDERYH
.+]7KLVORDGFLUFXLWFDQEHIRXQGLQWKHUHIHUHQFHG$16,
VWDQGDUG
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6DIHW\5HTXLUHPHQWV$
.Ω“
i lkg
P
“
.Ω“
V
Ω“
i lkg
$$0,6WDQGDUG7HVW/RDGP9 X$
6\PERO'HILQLWLRQV
4XLQWRQSURGXFWVGLVSOD\RQHRUPRUHRIWKHIROORZLQJV\PEROVDQG
ZDUQLQJODEHOVIRU\RXUSURWHFWLRQ1RVLQJOHSURGXFWGLVSOD\VDOO
V\PEROV
$6DIHW\5HTXLUHPHQWV
$WWHQWLRQ&RQVXOW
DFFRPSDQ\LQJ
GRFXPHQWV
HDUWKJURXQGSURWHFWLYH
2IISRZHU
GLVFRQQHFWHGIURP
PDLQV
7\SH%HTXLSPHQWSURYLGHVDGHTXDWH
SURWHFWLRQDJDLQVWHOHFWULFVKRFN
SDUWLFXODUO\UHJDUGLQJDOORZDEOHOHDNDJH
FXUUHQWUHOLDELOLW\RIWKHSURWHFWLYHHDUWK
FRQQHFWLRQZKHQSUHVHQW
2QSRZHU
FRQQHFWHGWR
PDLQV
7\SH%)HTXLSPHQWFRQWDLQVDQ)W\SH
LVRODWHGSDWLHQWDSSOLHGSDUWSURYLGLQJD
KLJKGHJUHHRISURWHFWLRQDJDLQVWHOHFWULF
VKRFN
$OWHUQDWLQJ
FXUUHQW
7\SH%)HTXLSPHQWZLWKGHILEULOODWLRQ
SURWHFWLRQ
+LJKYROWDJH
7\SH&)HTXLSPHQWFRQWDLQVDQ)W\SH
LVRODWHGSDWLHQWDSSOLHGSDUWDQGSURYLGHVD
GHJUHHRISURWHFWLRQDJDLQVWHOHFWULFVKRFN
KLJKHUWKDQWKDWIRUW\SH%)HTXLSPHQW
UHJDUGLQJDOORZDEOHOHDNDJHFXUUHQWV
(DUWKJURXQG
IXQFWLRQDO
7\SH&)HTXLSPHQWZLWKGHILEULOODWLRQ
SURWHFWLRQ
5HSODFHIXVHRQO\
DVPDUNHG
)XVH
0DLQVSRZHU
(TXLSRWHQWLDOLW\
6WDUWVWUHDGPLOO
ZDONLQJEHOW
6WRSVWUHDGPLOOZDONLQJEHOW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6SHHGVXS
WUHDGPLOOZDONLQJ
EHOW
6ORZVWUHDGPLOOZDONLQJEHOW
,QFUHDVHVJUDGHRI
WUHDGPLOOZDONLQJ
EHOW
'HFUHDVHVJUDGHRIWUHDGPLOOZDONLQJEHOW
:DUQLQJ
T
7UHDGPLOO
FRQQHFWLRQ
Hz
A
+HUW]
$PSHUHV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7LPHGIXVHVOREOR
(UJRPHWHUFRQQHFWLRQ
V
VA
9ROWV
9ROW$PSHUHV
6DIHW\5HTXLUHPHQWV$
6SHFLILFDWLRQV
&OXE7UDFN3OXVDQG&OXE7UDFN
3OXV
3(5)250$1&(
&OXE7UDFN3OXV
&OXE7UDFN3OXV
0D[LPXP5DWHG/RDG
OENJ
OENJ
%HOW6SHHG5DQJH“PSK
FRQWLQXRXVO\DGMXVWDEOH
WRPSKWRNPK
WRPSKWRNPK
5DWHRIVSHHGFKDQJH
DFFHOHUDWLRQ
WRPSKLQVHFV
WRPSKLQVHFV
*UDGHUDQJH“
WR
WR
5DWHRIJUDGHFKDQJH
WRLQVHFVPD[ZLWK WRLQVHFVPD[ZLWK
OEXVHU
OEXVHU
3+<6,&$/
:HLJKW
OENJ
OENJ
1RPLQDOZDONLQJVXUIDFH
LQ[LQ
LQ[LQ
7UHDGPLOOGLPHQVLRQV
ZLGWK[OHQJWK[KHLJKW
LQ[LQ[LQ
FP[FP[FP
LQ[LQ[LQ
FP[FP[FP
:DONLQJVXUIDFHKHLJKWIURP
IORRU
LQFP
+DQGUDLOKHLJKWIURPZDONLQJ
VXUIDFH
LQFP
(19,5210(17$/
7HPSHUDWXUH
2SHUDWLQJWRƒ)WRƒ&
6WRUDJHWRƒ)WRƒ&
+XPLGLW\QRQFRQGHQVLQJ
2SHUDWLQJWRUHODWLYH
6WRUDJHWRUHODWLYH
> /LPLWHGWRƒ)ƒ&PD[LPXPGHZSRLQW
$WPRVSKHULFSUHVVXUH
2SHUDWLQJWRSVLDWRPP+JDEVROXWH
6KLSSLQJVWRUDJHWRSVLDWRPP+JDEVROXWH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6SHFLILFDWLRQV%
32:(55(48,5(0(176
'DVK1XPEHU
9ROWDJH+]
&XUUHQW'UDZLQ$PSV
9+]
9+]
9+]
9+]
9+]
>
'RPHVWLF9XQLWVPXVWEHFRQQHFWHGWR9+]FHQWHUWDSSHGVLQJOH
SKDVHRU9+]WZROLQHSRO\SKDVHSRZHU
)86(5$7,1*6
)
9DF$,(&[PP
9DF$,(&[
PP
)
9DF$,(&[PP
9DF$,(&[
PP
))
9DF$,(&[PP
9DF$,(&[
PP
&OXE7UDFN&RQWUROOHUV
63(('GLJLWGLVSOD\
8QLWV
0LOHVSHUKRXUPSKRUNLORPHWHUVSHUKRXUNPK
5DQJH
&OXE7UDFNWRPSKWRNPK
&OXE7UDFNWRPSKWRNPK
,QFUHPHQW
PSK
5DWHRIFKDQJH
7ZRLQFUHPHQWVRUGHFUHPHQWVSHUVHFRQGIRUWKHILUVWWKUHHVHFRQGV
ILYHSHUVHFRQGWKHUHDIWHUXQWLO\RXHLWKHUUHOHDVHWKHNH\RUUHDFKWKH
KLJKORZOLPLW
$FFXUDF\
:LWKLQ“PSKNPKRIDFWXDOVSHHGGXULQJXQFKDQJLQJ
RSHUDWLRQPSKNPKGXULQJVSHHGGHFUHDVH6KRZVWDUJHWQRW
DFWXDOVSHHGGXULQJVSHHGFKDQJHV
*5$'(GLJLWGLVSOD\
8QLWV
SHUFHQW
5DQJH
&OXE7UDFNWR
&OXE7UDFNWR
,QFUHPHQW
5DWHRIFKDQJH
7ZRLQFUHPHQWVRUGHFUHPHQWVSHUVHFRQGIRUWKHILUVWWKUHHVHFRQGV
ILYHSHUVHFRQGWKHUHDIWHUXQWLO\RXHLWKHUUHOHDVHWKHNH\RUUHDFKWKH
KLJKORZOLPLW
$FFXUDF\
:LWKLQ“DFWXDOJUDGHGXULQJXQFKDQJLQJRSHUDWLRQ
%6SHFLILFDWLRQV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
08/7,)81&7,21',63/$<GLJLWGLVSOD\³GLVSOD\VH[HUFLVHSDUDPHWHUVZHLJKWDQGHUURU
PHVVDJHV
(ODSVHGWLPHRUFRXQWGRZQ
WLPHU
8QLWVPLQVHF
5DQJHWR
,QFUHPHQW
(ODSVHGGLVWDQFH
8QLWVPLOHVRUNLORPHWHUV
5DQJHPLOHVRUNLORPHWHUV
,QFUHPHQWIURPWRPLRUNPIURPWRPL
RUNP
3DFH
8QLWVPLQXWHVVHFRQGVSHUPLOHRUPLQXWHVVHFRQGVSHUNLORPHWHU
5DQJHWRPLQVHFPLWRPLQVHFNP
,QFUHPHQW
=HURVSHHGZKHQZDONEHOWVSHHGLV]HURWKHSDFHGLVSOD\LQGLFDWHV´µ
&DORULHV
7RWDOFDORULHVH[SHQGHG
8QLWVFDORULHV
5DQJHWR
,QFUHPHQWIURPWRIURPWRIURP
WR
&DORULFUDWH
&DORULFUDWHH[SHQGLWXUH
8QLWVFDORULHVPLQ
5DQJH
,QFUHPHQWIURPWRIURPIURPWR
0(76
8QLWV0(76
5DQJHWR
,QFUHPHQWIURPWRIURPWR
+HDUWUDWH
8QLWVEHDWVSHUPLQXWH
5DQJH
,QFUHPHQW
6FDQ
&\FOHVWKURXJKSDUDPHWHUVGLVSOD\LQJHDFKVHTXHQWLDOO\IRUVHF
:HLJKW
'HIDXOWOEWRNJ
0LQLPXPOERUNJ
0D[LPXPOENJ
,QFUHPHQWOERUNJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6SHFLILFDWLRQV%
&OXE7UDFN3OXV&RQWUROOHUV
63(('GLJLWGLVSOD\
8QLWV
0LOHVSHUKRXUPSKRUNLORPHWHUVSHUKRXUNPK
5DQJH
&OXE7UDFN3OXVWRPSKWRNPK
&OXE7UDFN3OXVWRPSKWRNPK
,QFUHPHQW
PSKNPK
$FFXUDF\
:LWKLQ“PSKNPKRIDFWXDOVSHHGGXULQJXQFKDQJLQJ
RSHUDWLRQPSKNPKGXULQJVSHHGGHFUHDVH6KRZVWDUJHWQRW
DFWXDOVSHHGGXULQJVSHHGFKDQJHV
*5$'(GLJLWGLVSOD\
8QLWV
SHUFHQW
5DQJH
&OXE7UDFN3OXVWR
&OXE7UDFN3OXVWR
,QFUHPHQW
$FFXUDF\
:LWKLQ“DFWXDOJUDGHGXULQJXQFKDQJLQJRSHUDWLRQ
/&'',63/$<LQ[LQDUHD[SL[HOVUHVROXWLRQ'LVSOD\VXVHUSURPSWV
JUDSKVZHLJKWWLPHH[HUFLVHSDUDPHWHUVDQGVWDJHVDQGHUURUPHVVDJHV
7LPH
8QLWVPLQVHF
5DQJHWR
,QFUHPHQW
(ODSVHGGLVWDQFH
8QLWVPLOHVRUNLORPHWHUV
5DQJHWRPLOHVRUNLORPHWHUV
,QFUHPHQWIURPWRPLRUNPIURPWRPL
RUNP
3DFH
8QLWVPLQXWHVVHFRQGVSHUPLOHRUPLQXWHVVHFRQGVSHUNLORPHWHU
5DQJHWRPLQVHFPLWRPLQVHFNP
,QFUHPHQW
=HURVSHHGZKHQZDONEHOWVSHHGLV]HURWKHSDFHGLVSOD\LQGLFDWHV´µ
&DORULHV
7RWDOFDORULHVH[SHQGHGRUFDORULFUDWHH[SHQGLWXUH
8QLWVFDORULHVRUFDORULHVPLQ
5DQJHWR
,QFUHPHQWIURPWRIURPWRIURP
WR
&DORULFUDWH
WRFDOPLQ
0(76
5DQJHWR
,QFUHPHQWIURPWRIURPWRIURPWR
+HDUWUDWH
8QLWVEHDWVSHUPLQXWH%30
5DQJH,QFUHPHQW%30
9HUWLFDOIHHW
5DQJHWRIWP
,QFUHPHQWIWP
:DWWV
5DQJHWR
,QFUHPHQWZDWW
%6SHFLILFDWLRQV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
(QWHU:HLJKW
'HIDXOWOERUNJ
0LQLPXPOERUNJ
0D[LPXPOERUNJ
,QFUHPHQWOERUNJ
(QWHU7DUJHW+HDUW5DWH
'HIDXOWEHDWVSHUPLQXWH%30
0LQLPXP%30
0D[LPXP%30
,QFUHPHQW%30
(QWHU([HUFLVH7LPH
'HIDXOWPLQ
0LQLPXPPLQ
0D[LPXP³³QROLPLWRURZQHUVHWPD[LPXP,QFUHPHQWPLQ
6HULDOLQWHUIDFH
56LQWHUIDFHFRPSOLHVZLWK&6$)(VWDQGDUGVIRUH[WHUQDO
FRPPXQLFDWLRQV
3HUFHQWYV$QJOH5HODWLRQVKLSIRU7UHDGPLOO*UDGH
*UDGH
$QJOHƒ
*UDGH
$QJOHƒ
*UDGH
$QJOHƒ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6SHFLILFDWLRQV%
3DUW1XPEHUV
)LQDO$VVHPEOLHV
,7(0
3$57180%(5
&OXE7UDFN)LWQHVV7UHDGPLOO
&OXE7UDFN3OXV)LWQHVV7UHDGPLOO
&OXE7UDFN)LWQHVV7UHDGPLOO
&OXE7UDFN3OXV)LWQHVV7UHDGPLOO
7KHIROORZLQJGDVKQXPEHUVDSSO\WRDOOWUHDGPLOOSDUWQXPEHUVDERYH
(QJOLVK86$9+]$
(QJOLVK86$9+]$
*HUPDQ9+]$
6SDQLVK9+]$
6SDQLVK9+]$
(QJOLVK8.9+]$
)UHQFK9+]$
,WDOLDQ9+]$
-DSDQHVH9+]$
-DSDQHVH9+]$
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3DUW1XPEHUV&
2SHUDWRUDQG6HUYLFH0DQXDOV
3$5712
'(6&5,37,21
[
&OXE7UDFN3OXV8VHU*XLGH
[
&OXE7UDFN3OXV8VHU*XLGH
[
6HUYLFH0DQXDO(QJOLVKODQJXDJHRQO\
[VLJQLILHGWKHQXPEHURIWKHODWHVWUHYLVLRQ
6SDUHV
,7(0
3$5712
(/(&75,&$/
3RZHU&RUG
1RUWK$PHULFD
-DSDQ9
8.
*HUPDQ\
)UDQFH
6SDLQ
,WDO\
-DSDQ9
6WUDLQ5HOLHI
&RQILJXUDWLRQ3ODWH
9GRPHVWLF
9GRPHVWLF
9LQWHUQDWLRQDO
9GRPHVWLF
9GRPHVWLF
9LQWHUQDWLRQDO
3&%$$VV\'ULYH
'5,9(
'ULYH0RWRU$VV\
)O\ZKHHO$VVHPEO\
&53OXV
'ULYH%HOW
&53OXV
7HQVLRQHU$VVHPEO\
*5$'(
&3DUW1XPEHUV
*UDGH$FWXDWRU$VVHPEO\
9
9
*UDGH:KHHO.LW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
'(&.
'HFN
PRGHOV
PRGHOV
)URQW5ROOHU
&53OXV
5HDU5ROOHU$VV\
:DONEHOW
PRGHOV
PRGHOV
7ULSOH)OH[0DLQWHQDQFH.LW
6LGHUDLO&RYHU
PRGHOV
PRGHOV
(QG&DS5HDU/HIW
(QG&DS5HDU5LJKW
/HIW+DQGUDLO.LW
5LJKW+DQGUDLO.LW
/HIWDQG5LJKW+DQGUDLO.LW
+$5':$5(
6SDUH+DUGZDUH
0DJQHW
&RQWUROOHU&DEOH
+DQGJULS0RGXOH6SDUHZLWK)DVWHQHU
+DQGUDLO$VVHPEO\6SDUH+DQGJULS+5
,QWHUIDFH&DEOH+DQGJULS0RGXOHWR&RQWUROOHU 3&%$
&RQWUROOHUV
&OXE7UDFN31
3&%$
.H\SDQHODVVHPEOHGWRKRXVLQJ
(QJOLVK
*HUPDQ
)UHQFK
,WDOLDQ
6SDQLVK
-DSDQHVH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3DUW1XPEHUV&
&OXE7UDFN3OXV31
3&%$
.H\SDQHODVVHPEOHGWRKRXVLQJ
(QJOLVK
*HUPDQ
)UHQFK
,WDOLDQ
6SDQLVK
-DSDQHVH
,QWHUIDFH&DEOH56
/LTXLG&U\VWDO'LVSOD\/&'
)OXRUHVFHQW7XEH%DFNOLJKW$VV\
$FFHVVRULHVIRU+HDUW5DWH0RQLWRULQJ
7UDQVPLWWHU%HOW
3XOVH6LPXODWRU
3RODU)DYRU:ULVW0RQLWRU
>
&3DUW1XPEHUV
7RDYRLGSRWHQWLDOVDIHW\DQGHOHFWULFDOSUREOHPVXVHSDUWVDQG
DFFHVVRULHVWKDWPHHW4XLQWRQVSHFLILFDWLRQV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV
7KH96'3&%$JHQHUDWHVKLJKYROWDJHZKLFKLVSUHVHQWZKHQHYHU'6
DQG'6DUHLOOXPLQDWHG1HYHUWRXFKWKH3&%$ZKHQ'6DQG'6DUH
RQ%OHHGHUUHVLVWRUVRQWKH96'3&%$EOHHGRIIWKHKLJKYROWDJHLQ
DSSUR[LPDWHO\WZRPLQXWHV'RQRWWRXFKWKH96'3&%$XQWLO'6DQG
'6KDYHJRQHRXW
7KHVHSURFHGXUHVDSSO\WR4XLQWRQ&OXE7UDFN&OXE7UDFN
3OXV&OXE7UDFNDQG&OXE7UDFN3OXVWUHDGPLOOV<RXPD\
SHUIRUPWKHFRPSOHWHWHVWRURQO\WKHWHVWVUHTXLUHGDIWHUUHSDLURU
UHSODFHPHQWRISDUWVDVVSHFLILHGLQ&KDSWHU5HSDLU5HSODFHPHQW
DQG&DOLEUDWLRQ3OHDVHUHDGWKHHQWLUHFKDSWHUEHIRUHVWDUWLQJ7KH
DSSURSULDWHWHVWPXVWEHSHUIRUPHGDVYHULILFDWLRQZKHQHYHUDQ\RI
WKHSURFHGXUHVLQ&KDSWHUDUHXVHG
&RPSOHWH)LHOG)XQFWLRQDO7HVW
>
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
:LWKWKHSRZHUFRUGFRQQHFWHGWRWKHFRUUHFWRXWOHWWXUQRQWKH
FLUFXLWEUHDNHU
$ 7HVWWKH&RQWUROOHU'LVSOD\V
&OXE7UDFN
2EVHUYHWKHFRQWUROOHUGLVSOD\VGXULQJLQLWLDOL]DWLRQ)RUWKH
&OXE7UDFNDQGWKHQRUPDOVHTXHQFHLV
‡
‡
‡
‡
6HYHQVHJPHQWGLVSOD\VVKRZDOOV
$IWHUVHFRQGVDOOGLVSOD\VJREODQN
0XOWLGLVSOD\EULHIO\VKRZVFRQILJXUDWLRQFRGH&3[
1RUPDOGLVSOD\LVVKRZQ
,IWKHQRUPDOVHTXHQFHGRHVQRWRFFXUUHIHUWRWKHIROORZLQJWDEOH
IRUSRVVLEOHFDXVHV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
3UREOHP
6HYHQVHJPHQWGLVSOD\V
ORFNXSZLWKDOOVDQG
GRQRWJREODQN
3RVVLEOH&DXVH
(6'VWDWLF
6ROXWLRQ
0DNHVXUHFRQWUROSDQHO
LVSURSHUO\JURXQGHG
&KHFNWKHIROORZLQJ
‡ $OOVWDUZDVKHUVDUH
LQVWDOOHG
‡ &RQWLQXLW\WRJURXQG
RQSRZHUFRUGSOXJ
‡ /HVVWKDQWZRRKPV
QHXWUDOWRJURXQGDW
WKHSRZHURXWOHW
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\KDYH
H[FHVVLYHFOHDUDQFH
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\EHPLVDOLJQHG
0LFURSURFHVVRUVRFNHW
PD\EHGDPDJHG
5HSODFHFRQWUROOHU3&%$
0LFURSURFHVVRUVRFNHW
PD\EHIURPQRQ
DSSURYHGYHQGRU
0F.HQ]LH
6HYHQVHJPHQWGLVSOD\V
IODVKDOOVDQGWKHQJR
EODQNDQGVWD\EODQN
/LPLWHGDFFHVVVZLWFKLV 'HDFWLYDWHOLPLWHG
DFWLYDWHG
DFFHVVVZLWFKVHHXVHU
PDQXDO
&OXE7UDFN3OXV
)RUWKHVHPRGHOVWKHQRUPDOVHTXHQFHLV
‡
‡
‡
/&'VFUHHQLVDOOZKLWH
,QWURGXFWLRQVFUHHQDSSHDUVRQ/&'
=HURVSHHGDQGWKHFXUUHQWJUDGHDSSHDURQWKHVHJPHQWHG
GLVSOD\V
% 7HVWWKH0XOWL'LVSOD\
2EVHUYHWKHFHQWHU0XOWLGLVSOD\RQWKHFRQWUROOHU,IDQHUURUFRGHLV
GLVSOD\HGUHIHUWR(UURU&RGHVLQ&KDSWHU7URXEOHVKRRWLQJ
& 7HVWWKH&RQWUROOHU2SHUDWLRQ
7HVWWKH&RQWUROOHU.H\V
7RHQWHU6HUYLFHPRGHSUHVV6WRS%HOW)DVWHU6ORZHU3
DSSHDUVLQWKH6HOHFWGLVSOD\LQGLFDWLQJWKDWQRNH\LVSUHVVHG
>
')LHOG)XQFWLRQDO7HVWV
2QWKH3OXVPRGHOVWKHVFUHHQOLVWVWKHWHVWVGHVFULEHGEHORZ7R
SHUIRUPDWHVWSUHVVWKHVRIWNH\QH[WWRWKHWHVWQDPHUDWKHU
WKDQSUHVVLQJWKHLQGLFDWHGNH\FRPELQDWLRQV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
3UHVVDQGKROGHDFKNH\LQVXFFHVVLRQWRGLVSOD\WKHDSSURSULDWH
FRGHLQWKH6HOHFWGLVSOD\WKH3OXVPRGHOVGLVSOD\WH[WLQVWHDG
RIFRGH3VKRXOGDSSHDUZKHQ\RXUHOHDVHHDFKNH\
.H\
&RGH
1RNH\SUHVVHG
3
6KRUWHGNH\V
3
&OHDU
3
8S
3
'RZQ
3
6WRS%HOW
3
,QSXW
3
,QSXW³
3
(QWHU
3
6HOHFW
3
6WDUW%HOW
3
8QLWV
3
&RRO'RZQ
3
)DVWHU
3
6ORZHU
3
7HVWWKH.H\SDQHO'LVSOD\V
3UHVV6WRS%HOW8S'RZQ
‡
7KHGLVSOD\F\FOHVWKRXJKRQHGLJLWDWDWLPHLQHDFKGLVSOD\
VWDUWLQJIURPOHIWWRULJKWDFURVVWKHSDQHO(DFKGLJLWGLVSOD\V
WKHQXPEHUDQGWKHDVVRFLDWHGGHFLPDOSRLQWIRURQHVHFRQG
WKHQWXUQVRIIDVWKHQH[WRQHOLJKWVXS
‡
:KHQWKLVLVFRPSOHWHGWKH/('VOLJKWXSLQGLYLGXDOO\VWDUWLQJ
IURPWKHWRS7KH6HOHFW/('VOLJKWXSILUVWIROORZHGE\WKH
8QLWV/('V
‡
$IWHUWKH/('VDUHWHVWHGDOOGLJLWVLQDOOWKUHHGLVSOD\V
VLPXOWDQHRXVO\FRXQWXSIURPWRQRGHFLPDOSRLQWVDUH
LOOXPLQDWHGGXULQJWKLVFRXQW
7HVWWKH:LUHOHVV+HDUW5DWH0RQLWRULQJ
8VHDSXOVHVLPXODWRU31DQGD3RODUZDWFKUHFHLYHU
31WRWHVWWKHDFFXUDF\RIWKHFRQWUROOHU·VKHDUWUDWH
IXQFWLRQ
7XUQRQWKHSXOVHVLPXODWRU7KH/('RQWKHIURQWRIWKH
VLPXODWRUZLOOEOLQNLQV\QFKZLWKWKHVLJQDO
3ODFHWKH3RODUZDWFKUHFHLYHUQH[WWRWKHSXOVHVLPXODWRUWR
EHJLQUHFHLYLQJ7KHZDWFKZLOOGLVSOD\WKHGLJLWDOKHDUWUDWH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
&KHFNWKHUDWHGLVSOD\HGRQWKHZDWFKDJDLQVWWKHUDWH
GLVSOD\HGRQWKHFRQWUROOHU,IWKHFRQWUROOHUGLIIHUVE\ILYHEHDWV
UHSODFHWKHFRQWUROOHU3&%$&OXE7UDFNSQDQG
&OXE7UDFN3OXVSQ
7HVWLQJ+DQGJULS+HDUW5DWH0RQLWRULQJ
7KHKDQGJULSDFFXUDF\FDQEHVWEHWHVWHGDWWKH4XLQWRQIDFWRU\
ZLWKWKHXVHRIVSHFLDOL]HGHTXLSPHQW<RXFDQKRZHYHUSHUIRUPD
VLPSOHFKHFNE\SODFLQJ\RXUKDQGVRQWKH+DQGJULSVHQVRUVZKLOH
VWDQGLQJVWLOO$OORZWKLUW\VHFRQGVWRREWDLQDVWDEOHUHDGLQJ
&RPSDUHWKLVWR\RXUSXOVHUDWHWDNHQPDQXDOO\LPPHGLDWHO\DIWHU
' 7HVWWKH*UDGH2SHUDWLRQ
5HPRYHWKHKRRGUHIHUWR5HPRYLQJ7UHDGPLOO+RRGLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
(QVXUHWKHFRQWUROOHUGLVSOD\VJUDGH
0HDVXUHWKHGLVWDQFHIURPWKHIORRUWRWKHORZHUHGJHRIWKH
VLGHUDLODWWKHUHDUVXSSRUWDQGDWWKHIURQWJUDGHZKHHO%RWK
PHDVXUHPHQWVVKRXOGEHWKHVDPH“LQ,IWKH\DUHQRW
UHIHUWR&DOLEUDWLRQ3URFHGXUHVLQ&KDSWHU5HSDLU
5HSODFHPHQWDQG&DOLEUDWLRQ
,QFUHDVHWKHJUDGHWRIRU3OXV
0HDVXUHWKHGLVWDQFHIURPWKHIORRUWRWKHERWWRPIURQWHGJHRI
WKHKHDG5HIHUWRWKHIROORZLQJWDEOHIRUWKHFRUUHFW
PHDVXUHPHQW
7UHDGPLOO
&OXE7UDFN
0HDVXUHPHQW
ôLQ“LQ
&OXE7UDFN3OXV
&OXE7UDFN
&OXE7UDFN3OXV
LQ“LQ
(QVXUHWKDWWKHJUDGHZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXP
DQGEDFN
5HSODFHWKHKRRGUHIHUWR5HPRYLQJ7UHDGPLOO+RRGLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
( 7HVW6SHHG2SHUDWLRQ
3ODFHDFKDONPDUNRUSLHFHRIWDSHRQWKHZDONEHOWDFURVVWKH
GLUHFWLRQRIWUDYHO
3ODFHDQRWKHUPDUNRUSLHFHRIWDSHRQWKHWRSRIWKHVLGHUDLO
FRYHU
6WDUWWKHZDONEHOWDQGLQFUHDVHLWVVSHHGWRPSK
&RXQWKRZPDQ\WLPHVWKHEHOWURWDWHVLQWZRPLQXWHV
')LHOG)XQFWLRQDO7HVWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
‡
&OXE7UDFN3OXVWKLVVKRXOGEH“UHYROXWLRQV
‡
&OXE7UDFN3OXVWKLVVKRXOGEH“UHYROXWLRQV
,QFUHDVHWKHZDONEHOWVSHHGWRPSK
&RXQWWKHQXPEHURIEHOWUHYROXWLRQVLQPLQXWHV7KLVVKRXOG
EH“UHYROXWLRQVIRU&OXE7UDFNPRGHOVDQG“
UHYROXWLRQVIRU&OXE7UDFNPRGHOV
>
,IDQ\RIWKHPHDVXUHPHQWVDUHQRWDFFXUDWHUHIHUWR5HSODFLQJ
WKH7HQVLRQHUDQGRU$GMXVWLQJWKH:DON%HOWLQWKLVFKDSWHU
(QVXUHWKDWWKHVSHHGZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXP
DQGEDFN
)
7HVWWKH'HFN)ULFWLRQ&OXE7UDFN3OXV
,QFUHDVHWKHWUHDGPLOOJUDGHWRPD[LPXP
'RQRWVWDUWWKHEHOW6WDQGRQWKHWUHDGPLOOZDONEHOWDQGSXVK
DZD\IURPWKHKDQGUDLO7KHEHOWVKRXOGEHJLQURWDWLQJZLWK
OLWWOHIRUZDUGSUHVVXUHDQGFRQWLQXHWRURWDWHIRUVHYHUDOVWHSV
,IDGGLWLRQDOSUHVVXUHLVUHTXLUHGWRNHHSWKHEHOWPRYLQJ
UHSODFHWKHEHOWDQGGHFN
* 7HVWWKH:DON%HOW2SHUDWLRQ
:LWKWKHZDONEHOWVSHHGDWPD[LPXPREVHUYHWKHWUDFNLQJ,I
LWQHHGVDGMXVWPHQWUHIHUWR:DON%HOW7UDFNLQJLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
:LWKWKHZDONEHOWVSHHGDWPSKZDONRQWKHWUHDGPLOO
*UDVSWKHKDQGUDLODQGUHVLVWWKHPRWLRQRIWKHZDONEHOW,IDQ\
VOLSSDJHLVGHWHFWHGUHIHUWR5HSODFLQJWKH7HQVLRQHUDQGRU
$GMXVWLQJWKH:DON%HOWLQ&KDSWHU5HSDLU5HSODFHPHQWDQG
&DOLEUDWLRQ
6WRSWKHZDONEHOW
+ 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
)LHOG7HVW1R
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
:LWKWKHSRZHUFRUGFRQQHFWHGWRWKHFRUUHFWRXWOHWWXUQRQWKH
FLUFXLWEUHDNHU
$ 7HVWWKH&RQWUROOHU'LVSOD\V
&OXE7UDFN
2EVHUYHWKHFRQWUROOHUGLVSOD\VGXULQJLQLWLDOL]DWLRQ)RUWKH
&OXE7UDFNDQGWKHQRUPDOVHTXHQFHLV
‡
‡
‡
‡
6HYHQVHJPHQWGLVSOD\VVKRZDOOV
$IWHUVHFRQGVDOOGLVSOD\VJREODQN
0XOWLGLVSOD\EULHIO\VKRZVFRQILJXUDWLRQFRGH&3[
1RUPDOGLVSOD\LVVKRZQ
,IWKHQRUPDOVHTXHQFHGRHVQRWRFFXUUHIHUWRWKHIROORZLQJWDEOH
IRUSRVVLEOHFDXVHV
3UREOHP
6HYHQVHJPHQWGLVSOD\V
ORFNXSZLWKDOOVDQG
GRQRWJREODQN
3RVVLEOH&DXVH
(6'VWDWLF
6ROXWLRQ
0DNHVXUHFRQWUROSDQHO
LVSURSHUO\JURXQGHG
&KHFNWKHIROORZLQJ
‡ $OOVWDUZDVKHUVDUH
LQVWDOOHG
‡ &RQWLQXLW\WRJURXQG
RQSRZHUFRUGSOXJ
‡ /HVVWKDQWZRRKPV
QHXWUDOWRJURXQGDW
WKHSRZHURXWOHW
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\KDYH
H[FHVVLYHFOHDUDQFH
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\EHPLVDOLJQHG
0LFURSURFHVVRUVRFNHW
PD\EHGDPDJHG
5HSODFHFRQWUROOHU3&%$
0LFURSURFHVVRUVRFNHW
PD\EHIURPQRQ
DSSURYHGYHQGRU
0F.HQ]LH
6HYHQVHJPHQWGLVSOD\V
IODVKDOOVDQGWKHQJR
EODQNDQGVWD\EODQN
')LHOG)XQFWLRQDO7HVWV
/LPLWHGDFFHVVVZLWFKLV 'HDFWLYDWHOLPLWHG
DFWLYDWHG
DFFHVVVZLWFKVHHXVHU
PDQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFN3OXV
)RUWKHVHPRGHOVWKHQRUPDOVHTXHQFHLV
‡
‡
‡
/&'VFUHHQLVDOOZKLWH
,QWURGXFWLRQVFUHHQDSSHDUVRQ/&'
=HURVSHHGDQGWKHFXUUHQWJUDGHDSSHDURQWKHVHJPHQWHG
GLVSOD\V
% 7HVWWKH0XOWL'LVSOD\
2EVHUYHWKHFHQWHU0XOWLGLVSOD\RQWKHFRQWUROOHU,IDQHUURUFRGHLV
GLVSOD\HGUHIHUWR(UURU&RGHVLQ&KDSWHU7URXEOHVKRRWLQJ
& 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
)LHOG7HVW1R
>
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
:LWKWKHSRZHUFRUGFRQQHFWHGWRWKHFRUUHFWRXWOHWWXUQRQWKH
FLUFXLWEUHDNHU
$ 7HVWWKH&RQWUROOHU'LVSOD\V
&OXE7UDFN
2EVHUYHWKHFRQWUROOHUGLVSOD\VGXULQJLQLWLDOL]DWLRQ)RUWKH
&OXE7UDFNDQGWKHQRUPDOVHTXHQFHLV
‡
‡
‡
‡
6HYHQVHJPHQWGLVSOD\VVKRZDOOV
$IWHUVHFRQGVDOOGLVSOD\VJREODQN
0XOWLGLVSOD\EULHIO\VKRZVFRQILJXUDWLRQFRGH&3[
1RUPDOGLVSOD\LVVKRZQ
,IWKHQRUPDOVHTXHQFHGRHVQRWRFFXUUHIHUWRWKHIROORZLQJWDEOH
IRUSRVVLEOHFDXVHV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
3UREOHP
6HYHQVHJPHQWGLVSOD\V
ORFNXSZLWKDOOVDQG
GRQRWJREODQN
3RVVLEOH&DXVH
(6'VWDWLF
6ROXWLRQ
0DNHVXUHFRQWUROSDQHO
LVSURSHUO\JURXQGHG
&KHFNWKHIROORZLQJ
‡ $OOVWDUZDVKHUVDUH
LQVWDOOHG
‡ &RQWLQXLW\WRJURXQG
RQSRZHUFRUGSOXJ
‡ /HVVWKDQWZRRKPV
QHXWUDOWRJURXQGDW
WKHSRZHURXWOHW
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\KDYH
H[FHVVLYHFOHDUDQFH
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\EHPLVDOLJQHG
0LFURSURFHVVRUVRFNHW
PD\EHGDPDJHG
5HSODFHFRQWUROOHU3&%$
0LFURSURFHVVRUVRFNHW
PD\EHIURPQRQ
DSSURYHGYHQGRU
0F.HQ]LH
6HYHQVHJPHQWGLVSOD\V
IODVKDOOVDQGWKHQJR
EODQNDQGVWD\EODQN
/LPLWHGDFFHVVVZLWFKLV 'HDFWLYDWHOLPLWHG
DFWLYDWHG
DFFHVVVZLWFKVHHXVHU
PDQXDO
&OXE7UDFN3OXV
)RUWKHVHPRGHOVWKHQRUPDOVHTXHQFHLV
‡
‡
‡
/&'VFUHHQLVDOOZKLWH
,QWURGXFWLRQVFUHHQDSSHDUVRQ/&'
=HURVSHHGDQGWKHFXUUHQWJUDGHDSSHDURQWKHVHJPHQWHG
GLVSOD\V
% 7HVWWKH0XOWL'LVSOD\
2EVHUYHWKHFHQWHU0XOWLGLVSOD\RQWKHFRQWUROOHU,IDQHUURUFRGHLV
GLVSOD\HGUHIHUWR(UURU&RGHVLQ&KDSWHU7URXEOHVKRRWLQJ
& 7HVWWKH*UDGH
(QVXUHWKDWWKHJUDGHZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXPDQG
EDFN
' 7HVWWKH6SHHG
(QVXUHWKDWWKHVSHHGWUDYHUVHVIURPPLQLPXPWRPD[LPXPDQG
EDFN
')LHOG)XQFWLRQDO7HVWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
( 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
)LHOG7HVW1R
>
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
:LWKWKHSRZHUFRUGFRQQHFWHGWRWKHFRUUHFWRXWOHWWXUQRQWKH
FLUFXLWEUHDNHU
$ 7HVW6SHHG2SHUDWLRQ
3ODFHDFKDONPDUNRUSLHFHRIWDSHRQWKHZDONEHOWDFURVVWKH
GLUHFWLRQRIWUDYHO
3ODFHDQRWKHUPDUNRUSLHFHRIWDSHRQWKHWRSRIWKHVLGHUDLO
FRYHU
6WDUWWKHZDONEHOWDQGLQFUHDVHLWVVSHHGWRPSK
&RXQWKRZPDQ\WLPHVWKHEHOWURWDWHVLQWZRPLQXWHV
‡
&OXE7UDFN3OXVWKLVVKRXOGEH“UHYROXWLRQV
‡
&OXE7UDFN3OXVWKLVVKRXOGEH“UHYROXWLRQV
,QFUHDVHWKHZDONEHOWVSHHGWRPSK
&RXQWWKHQXPEHURIEHOWUHYROXWLRQVLQPLQXWHV7KLVVKRXOG
EH“UHYROXWLRQVIRU&OXE7UDFNPRGHOVDQG“
UHYROXWLRQVIRU&OXE7UDFNPRGHOV
>
,IDQ\RIWKHPHDVXUHPHQWVDUHQRWDFFXUDWHUHIHUWR5HSODFLQJ
WKH7HQVLRQHUDQGRU$GMXVWLQJWKH:DON%HOWLQWKLVFKDSWHU
(QVXUHWKDWWKHVSHHGZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXP
DQGEDFN
% 7HVWWKH'HFN)ULFWLRQ
,QFUHDVHWKHWUHDGPLOOJUDGHWRPD[LPXP
'RQRWVWDUWWKHEHOW6WDQGRQWKHWUHDGPLOOZDONEHOWDQGSXVK
DZD\IURPWKHKDQGUDLO7KHEHOWVKRXOGEHJLQURWDWLQJZLWK
OLWWOHIRUZDUGSUHVVXUHDQGFRQWLQXHWRURWDWHIRUVHYHUDOVWHSV
,IDGGLWLRQDOSUHVVXUHLVUHTXLUHGWRNHHSWKHEHOWPRYLQJ
UHSODFHWKHEHOWDQGGHFN
& 7HVWWKH:DON%HOW2SHUDWLRQ
:LWKWKHZDONEHOWVSHHGDWPLQLPXPREVHUYHWKHWUDFNLQJ,ILW
QHHGVDGMXVWPHQWUHIHUWR:DON%HOW7UDFNLQJLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
:LWKWKHZDONEHOWVSHHGDWPLQLPXPZDONRQWKHWUHDGPLOO
*UDVSWKHKDQGUDLODQGUHVLVWWKHPRWLRQRIWKHZDONEHOW,IDQ\
VOLSSDJHLVGHWHFWHGUHIHUWR5HSODFLQJWKH7HQVLRQHUDQGRU
$GMXVWLQJWKH:DON%HOWLQ&KDSWHU5HSDLU5HSODFHPHQWDQG
&DOLEUDWLRQ
6WRSWKHZDONEHOW
' 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
)LHOG7HVW1R
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
:LWKWKHSRZHUFRUGFRQQHFWHGWRWKHFRUUHFWRXWOHWWXUQRQWKH
FLUFXLWEUHDNHU
$ 7HVWWKH*UDGH2SHUDWLRQ
5HPRYHWKHKRRGUHIHUWR5HPRYLQJ7UHDGPLOO+RRGLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
(QVXUHWKHFRQWUROOHUGLVSOD\VJUDGH
0HDVXUHWKHGLVWDQFHIURPWKHIORRUWRWKHORZHUHGJHRIWKH
VLGHUDLODWWKHUHDUVXSSRUWDQGDWWKHIURQWJUDGHZKHHO%RWK
PHDVXUHPHQWVVKRXOGEHWKHVDPH“LQ,IWKH\DUHQRW
UHIHUWR&DOLEUDWLRQ3URFHGXUHVLQ&KDSWHU5HSDLU
5HSODFHPHQWDQG&DOLEUDWLRQ
,QFUHDVHWKHJUDGHWRIRU3OXV
0HDVXUHWKHGLVWDQFHIURPWKHIORRUWRWKHERWWRPIURQWHGJHRI
WKHKHDG5HIHUWRWKHIROORZLQJWDEOHIRUWKHFRUUHFW
PHDVXUHPHQW
7UHDGPLOO
&OXE7UDFN
0HDVXUHPHQW
ôLQ“LQ
&OXE7UDFN3OXV
&OXE7UDFN
&OXE7UDFN3OXV
LQ“LQ
(QVXUHWKDWWKHJUDGHZLOOWUDYHUVHIURPPLQLPXPWRPD[LPXP
DQGEDFN
5HSODFHWKHKRRGUHIHUWR5HPRYLQJ7UHDGPLOO+RRGLQ&KDSWHU
5HSDLU5HSODFHPHQWDQG&DOLEUDWLRQ
')LHOG)XQFWLRQDO7HVWV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
% 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
)LHOG7HVW1R
>
7KHIROORZLQJVWHSVPXVWEHSHUIRUPHGZLWKWKHWUHDGPLOO
FRPSOHWHO\DVVHPEOHGH[FHSWDVQRWHG
$ 7HVWWKH&RQWUROOHU'LVSOD\V
&OXE7UDFN
2EVHUYHWKHFRQWUROOHUGLVSOD\VGXULQJLQLWLDOL]DWLRQ)RUWKH
&OXE7UDFNDQGWKHQRUPDOVHTXHQFHLV
‡
‡
‡
‡
6HYHQVHJPHQWGLVSOD\VVKRZDOOV
$IWHUVHFRQGVDOOGLVSOD\VJREODQN
0XOWLGLVSOD\EULHIO\VKRZVFRQILJXUDWLRQFRGH&3[
1RUPDOGLVSOD\LVVKRZQ
,IWKHQRUPDOVHTXHQFHGRHVQRWRFFXUUHIHUWRWKHIROORZLQJWDEOH
IRUSRVVLEOHFDXVHV
3UREOHP
6HYHQVHJPHQWGLVSOD\V
ORFNXSZLWKDOOVDQG
GRQRWJREODQN
3RVVLEOH&DXVH
(6'VWDWLF
6ROXWLRQ
0DNHVXUHFRQWUROSDQHO
LVSURSHUO\JURXQGHG
&KHFNWKHIROORZLQJ
‡ $OOVWDUZDVKHUVDUH
LQVWDOOHG
‡ &RQWLQXLW\WRJURXQG
RQSRZHUFRUGSOXJ
‡ /HVVWKDQWZRRKPV
QHXWUDOWRJURXQGDW
WKHSRZHURXWOHW
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\KDYH
H[FHVVLYHFOHDUDQFH
+DOO(IIHFW6HQVRU6:
DQGVFUHZRQNH\
SDQHOPD\EHPLVDOLJQHG
0LFURSURFHVVRUVRFNHW
PD\EHGDPDJHG
5HSODFHFRQWUROOHU3&%$
0LFURSURFHVVRUVRFNHW
PD\EHIURPQRQ
DSSURYHGYHQGRU
0F.HQ]LH
6HYHQVHJPHQWGLVSOD\V
IODVKDOOVDQGWKHQJR
EODQNDQGVWD\EODQN
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
/LPLWHGDFFHVVVZLWFKLV 'HDFWLYDWHOLPLWHG
DFWLYDWHG
DFFHVVVZLWFKVHHXVHU
PDQXDO
)LHOG)XQFWLRQDO7HVWV'
&OXE7UDFN3OXV
)RUWKHVHPRGHOVWKHQRUPDOVHTXHQFHLV
‡
‡
‡
/&'VFUHHQLVDOOZKLWH
,QWURGXFWLRQVFUHHQDSSHDUVRQ/&'
=HURVSHHGDQGWKHFXUUHQWJUDGHDSSHDURQWKHVHJPHQWHG
GLVSOD\V
% 7HVWWKH0XOWL'LVSOD\
2EVHUYHWKHFHQWHU0XOWLGLVSOD\RQWKHFRQWUROOHU,IDQHUURUFRGHLV
GLVSOD\HGUHIHUWR(UURU&RGHVLQ&KDSWHU7URXEOHVKRRWLQJ
& 7HVWWKH&RQWUROOHU2SHUDWLRQ
7HVWWKH&RQWUROOHU.H\V
7RHQWHU6HUYLFHPRGHSUHVV6WRS%HOW)DVWHU6ORZHU3
DSSHDUVLQWKH6HOHFWGLVSOD\LQGLFDWLQJWKDWQRNH\LVSUHVVHG
>
2QWKH3OXVPRGHOVWKHVFUHHQOLVWVWKHWHVWVGHVFULEHGEHORZ7R
SHUIRUPDWHVWSUHVVWKHVRIWNH\QH[WWRWKHWHVWQDPHUDWKHU
WKDQSUHVVLQJWKHLQGLFDWHGNH\FRPELQDWLRQV
3UHVVDQGKROGHDFKNH\LQVXFFHVVLRQWRGLVSOD\WKHDSSURSULDWH
FRGHLQWKH6HOHFWGLVSOD\WKH3OXVPRGHOVGLVSOD\WH[WLQVWHDG
RIFRGH3VKRXOGDSSHDUZKHQ\RXUHOHDVHHDFKNH\
.H\
')LHOG)XQFWLRQDO7HVWV
&RGH
1RNH\SUHVVHG
3
6KRUWHGNH\V
3
&OHDU
3
8S
3
'RZQ
3
6WRS%HOW
3
,QSXW
3
,QSXW³
3
(QWHU
3
6HOHFW
3
6WDUW%HOW
3
8QLWV
3
&RRO'RZQ
3
)DVWHU
3
6ORZHU
3
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7HVWWKH.H\SDQHO'LVSOD\V
3UHVV6WRS%HOW8S'RZQ
‡
7KHGLVSOD\F\FOHVWKRXJKRQHGLJLWDWDWLPHLQHDFKGLVSOD\
VWDUWLQJIURPOHIWWRULJKWDFURVVWKHSDQHO(DFKGLJLWGLVSOD\V
WKHQXPEHUDQGWKHDVVRFLDWHGGHFLPDOSRLQWIRURQHVHFRQG
WKHQWXUQVRIIDVWKHQH[WRQHOLJKWVXS
‡
:KHQWKLVLVFRPSOHWHGWKH/('VOLJKWXSLQGLYLGXDOO\VWDUWLQJ
IURPWKHWRS7KH6HOHFW/('VOLJKWXSILUVWIROORZHGE\WKH
8QLWV/('V
‡
$IWHUWKH/('VDUHWHVWHGDOOGLJLWVLQDOOWKUHHGLVSOD\V
VLPXOWDQHRXVO\FRXQWXSIURPWRQRGHFLPDOSRLQWVDUH
LOOXPLQDWHGGXULQJWKLVFRXQW
7HVWWKH:LUHOHVV+HDUW5DWH0RQLWRULQJ
8VHDSXOVHVLPXODWRU31DQGD3RODUZDWFKUHFHLYHU
31WRWHVWWKHDFFXUDF\RIWKHFRQWUROOHU·VKHDUWUDWH
IXQFWLRQ
7XUQRQWKHSXOVHVLPXODWRU7KH/('RQWKHIURQWRIWKH
VLPXODWRUZLOOEOLQNLQV\QFKZLWKWKHVLJQDO
3ODFHWKH3RODUZDWFKUHFHLYHUQH[WWRWKHSXOVHVLPXODWRUWR
EHJLQUHFHLYLQJ7KHZDWFKZLOOGLVSOD\WKHGLJLWDOKHDUWUDWH
&KHFNWKHUDWHGLVSOD\HGRQWKHZDWFKDJDLQVWWKHUDWH
GLVSOD\HGRQWKHFRQWUROOHU,IWKHFRQWUROOHUGLIIHUVE\ILYHEHDWV
UHSODFHWKHFRQWUROOHU3&%$&OXE7UDFNSQDQG
&OXE7UDFN3OXVSQ
7HVWLQJ+DQGJULS+HDUW5DWH0RQLWRULQJ
7KHKDQGJULSDFFXUDF\FDQEHVWEHWHVWHGDWWKH4XLQWRQIDFWRU\
ZLWKWKHXVHRIVSHFLDOL]HGHTXLSPHQW<RXFDQKRZHYHUSHUIRUPD
VLPSOHFKHFNE\SODFLQJ\RXUKDQGVRQWKH+DQGJULSVHQVRUVZKLOH
VWDQGLQJVWLOO$OORZWKLUW\VHFRQGVWRREWDLQDVWDEOHUHDGLQJ
&RPSDUHWKLVWR\RXUSXOVHUDWHWDNHQPDQXDOO\LPPHGLDWHO\DIWHU
' 6KXW'RZQWKH7UHDGPLOO
7XUQWKHFLUFXLWEUHDNHURIIGLVFRQQHFWWKHSRZHUFRUGIURPWKH
RXWOHWDQGSODFHWKHWUHDGPLOOEDFNLQVHUYLFH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
)LHOG)XQFWLRQDO7HVWV'
$VVHPEO\'UDZLQJV
31
$VVHPEO\
&RQILJXUDWLRQ3ODWH$VVHPEO\
&RQWUROOHU$VVHPEO\&OXE7UDFN3OXV
&RQWUROOHU$VVHPEO\&OXE7UDFN
0RWRU'ULYH$&9DULDEOH
)LQDO0HFKDQLFDO$VVHPEO\6\VWHP:LULQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
A
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
8
APPLICATION
NEXT ASSY NO.
PART NO.
D1-E-98
035602
-006
-005
-004
-003
-002
-001
END ITEM NO.
000448
000456
QTY PER ASSY
7
21
-
-
1
-
-
22
23
24
25
26
27
28
29
30
31
32
33
34
1
5
8
8
4
4
4
-
2
-
2
-
4
4
-006
5
8
8
4
4
4
-
2
-
2
-
4
4
-005
5
8
8
4
4
4
2
4
2
2
2
4
3
-004
5
8
8
4
4
4
-
2
-
2
-
4
4
-003
5
8
8
4
4
4
-
2
-
2
-
4
4
-002
5
8
8
4
4
4
2
4
2
2
2
4
3
-001
MATERIAL SPECIFICATION
-
M4
M4
WASHER, LOCK, ZINC, METRIC
WASHER, FLAT, ZINC, METRIC
035913-004
035920-004
PART NUMBER
6
DESCRIPTION
5
REFERENCE
DESIGNATION
-
-
-
-
-
-
1
-
1
-
-
1
1
-
-
-
-
-
-
1
-
1
-
1
-
1
1
-
-
-
1
-
-
-
-
-
-
-
-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1
-
17
1
18
19
1
1
20
1
15A, 230V
20A, 115V
230V, 15%
230V, 12%
120V, 15%
120V, 12%
CORD, POWER
PCBA, T/M VOLTAGE CONFIGURATION
PCBA, T/M VOLTAGE CONFIGURATION
PCBA, T/M VOLTAGE CONFIGURATION
PCBA, T/M VOLTAGE CONFIGURATION
030610-004
035782-002
035782-001
035774-002
035774-001
16A IEC320
PLATE ASSY, CONFIGURATION
-001
TOL
ANGLE
.XXX
.XX
+
+
+
-
-----
---
DO NOT SCALE DRAWING
PLAA
VALUE
CODE:
3
TREDML
DIST
CODE:
-
NAME
NAME-OTHER
OTHER-BOX
-----
REG AFFAIRS:
-----
COMPL ENGR:
NAME-QUAL
QUAL ENGR:
NAME-MFG
MFG ENGR:
NAME-ENGR
ENGR:
DRAWN:
2
DATE-OTHER
---
---
DATE-QUAL
DATE-MFG
DATE-ENGR
DATE
PLATE ASSY, CONFIGURATION
-002
DESCRIPTION
PLATE ASSY, CONFIGURATION
-003
PART NUMBER
PLATE ASSY, CONFIGURATION
PLATE ASSY, CONFIGURATION
-005
-004
SCALE
D
SIZE
TITLE
MODEL
1/1
TREDML
AUTOCAD
1
SHEET
035960
1
OF
3303 MONTE VILLA PARKWAY
BOTHELL, WASHINGTON 98021-8906
425/402-2000
DWG NO.
SOURCE
DATE
4
-
REV
REFERENCE
DESIGNATION
W1-W4
TITLE1
PLATE ASSY,
CONFIGURATION
instrument co.
R
MATERIAL SPECIFICATION
510/612 US
PLATE ASSY, CONFIGURATION
PLATE CONFIGURATION
035961-001
-006
20A, 50/60Hz
510/612 INTERNATIONAL
RFI NOISE FILTER
PLATE CONFIGURATION
032533-001
035961-002
20A
16A, 50/60Hz
CIRCUIT BREAKER, 2 POLE
RFI NOISE FILTER
031396-023
032533-002
PARTS LIST
43VA, 115/230V, 50/60Hz, VDE
10A
XFORMER ASSY, INSTITUTIONAL T/M
CIRCUIT BREAKER, 2 POLE
036034-001
031396-022
030610-005
CORD, POWER
CONNECTOR, POWER INLET
031453-001
CABLE
STRAIN RELIEF
CONNECTOR LOCK
001227-011
SUPPRESSOR, FERRITE BEAD
HARNESS ASSY, CIRCUIT BREAKER
031453-011
031834-003
035981-001
W1
W1
HARNESS ASSY, EMI FILTER GND
THIS SHEET CONTAINS
CONFIDENTIAL, PROPRIETARY INFORMATION OF QUINTON INSTR. CO. ANY
PERSON ACCEPTING THIS SHEET AND/OR INFORMATION AGREES TO MAKE
NO DISCLOSURE, USE OR DUPLICATION THEREOF EXCEPT AS AUTHORIZED IN
WRITING BY QUINTON INSTR. CO. AND TO RETURN THIS SHEET ON REQUEST.
c 1999
QUINTON INSTRUMENT CO. ALL RIGHTS RESERVED.
CLASS
CODE:
APPROVED
PRODUCTION
DESCRIPTION
1
HARNESS ASSY, SHORTING PLUG
ZONE
REVISIONS
036018-001
LTR
2
035987-001
3
NOTE: QUINTON CONFIDENTIAL
DIMENSIONS AND TOLERANCES
PER ANSI Y14.5M-1982
ALL DIMENSIONS ARE IN INCHES
UNLESS OTHERWISE SPECIFIED
QTY PER ASSY
-
-
-
-
-
-
1
-
1
-
1
1
-
-
1
-
HARNESS ASSY, POWER INPUT
036017-001
-
-
-
1
-
1
-
1
-
1
-
1
1
-
1
-
-
1
1
1
-
#8
WASHER, LOCK, INTERNAL STAR
012029-006
-
-
-
1
1
-
-
1
1
1
-
-
M4
NUT, HEX, ZINC PLATED, METRIC
035908-003
-
-
1
-
1
-
-
1
1
-
-
-
1
-
-
1
1
-
-
M4 X 20
M4
SCREW, PN HD, PH, METRIC
WASHER, EXTR STAR, ZINC, METRIC
017439-066
035918-003
-
1
M3
M3
WASHER, EXTR STAR, ZINC, METRIC
WASHER, FLAT, ZINC, METRIC
035918-002
035920-003
1
M3 X 5
M3
SCREW, PN HD, PH, METRIC
NUT, HEX, ZINC PLATED, METRIC
017439-047
1
035908-002
1
#8 MTG
M3 X 16
ANCHOR, TIE
SCREW, PN HD, PH, METRIC
010561-001
017439-051
-
.10 X 4.00L
-
TIE, CABLE
4
1
-
-
1
1
1
-
1
1
1
1
1
1
1
-
001899-001
W1-W3
1
1
1
1
1
1
1
-006
C
ORIENT ANCHOR (ITEM 33) AS SHOWN.
TAG WITH PART NUMBER AND REVISION LETTER TO WHICH
MANUFACTURED.
4
ORIENT ANCHOR (ITEM 33) AS SHOWN. SECURE WIRES
AND HARNESS ASSEMBLES TO ANCHOR APPROXIMATELY
AS INDICATED AND SECURE WITH CABLE TIE (ITEM 34)
AS SHOWN.
3
5.
WRAP GRN/YEL WIRE OF POWER CORD (ITEM 12 OR 13)
THROUGH FERRITE (ITEM 17) TWO TURNS AND SECURE
WITH CABLE TIE (ITEM 34) AS SHOWN.
2
-005
D
ASSEMBLE PER QUINTON WORKMANSHIP STANDARDS
MANUAL, WIRING DIAGRAM AND THIS DRAWING.
4
-004
1.
5
-003
NOTES: UNLESS OTHERWISE SPECIFIED
ITEM
NUMBER
6
-002
7
-001
8
ITEM
NUMBER
($VVHPEO\'UDZLQJV
D2-D-98
(ITEM 1)
8
DETAIL
E
(ITEM 12 OR 13)
(ITEM 5 OR 6)
24
23
FLAT WASHER
PART OF ITEM 3
(ITEM 7)
2 PL
3 PL
(E1)
(ITEM 3)
(ITEM 5 OR 6)
-001, -002, -004, -005 ASSY
5
("W1, BLUE" FROM ITEM 3)
18
("W2, BROWN" FROM ITEM 3)
("BROWN" FROM ITEM 12 OR 13)
6
B
(W3, BLUE TO ITEM 8,9,10 OR 11-P3)
("W1, GRN/YEL") 19
A
A
13 -002, -005
12 -001, -004
5
(W4, BROWN TO ITEM 8,9,10 OR 11-P2)
(ITEM 19)
3
24
23
33
("BLUE" FROM ITEM 12 OR 13)
SEE DETAILE
34
17
6
(E2)
16
D
D
(E4)
29
(P5)
(P3)
(P2)
(P1)
(P4)
(P6)
4
3
-001
-004
3
VIEW D-D
(E1)
(E3)
2
SCALE
D
SIZE
ROTATED 90 CW
("W1, BLUE")
(TO ITEM 5 OR 6)
(ITEM 1)
(ITEM 8,9,10 OR 11)
NONE
TREDML
MODEL
SOURCE
DWG NO.
AUTOCAD
1
SHEET
035960
2
PRODUCTION
SOME ITEMS OMITTED FOR CLARITY
VIEW C-C
"P2" PART OF ITEM 7
TO PCBA ITEM 8,9,10 OR 11-J2
(ITEM 20)
ROTATED 90 CW
1
OF
("W2, BROWN")
(TO ITEM 5 OR 6)
(ITEM 18)
SOME ITEMS OMITTED FOR CLARITY
(ITEM 3)
2
THIS SHEET CONTAINS CONFIDENTIAL, PROPRIETARY
INFORMATION OF QUINTON INSTR. CO. ANY PERSON ACCEPTING THIS SHEET AND/OR INFORMATION AGREES
TO MAKE NO DISCLOSURE, USE OR DUPLICATION THEREOF EXCEPT AS AUTHORIZED IN WRITING BY
QUINTON INSTR. CO. AND TO RETURN THIS SHEET ON REQUEST.
QUINTON INSTRUMENT CO. ALL RIGHTS RESERVED.
c 1999
4 PL
NOTICE: QUINTON CONFIDENTIAL
26
27
25
11 -005
9
10 -002
8
2 PL
(ITEM 7)
24
23
7
(ITEM 1)
("W1, BROWN")
(TO ITEM 8, 9,10 OR 11-P5 & P6)
B
20
(ITEM 1)
C
C
2 PL
-002, -005
6
31
-001, -004
5
HARDWARE SUPPLIED
WITH ITEM 5 OR 6
4 PL
(P5)
VIEW B-B
(E2)
4
(P6)
SOME ITEMS OMITTED FOR CLARITY
24
23
33
PART OF ITEM 7
1
4
4
-
REV
C
D
A
2
7
ROTATED 90 CCW
2
"GRN/YEL"
(PART OF ITEM 12 OR 13)
3
(ITEM 3 OR 4)
SOME ITEMS OMITTED FOR CLARITY
VIEW A-A
5 PLACES
(TERMINAL DETAIL FOR ITEM 3)
HEX NUT
PART OF ITEM 3
22
(TERMINAL)
7
(J1)
8
(J2)
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
(J3)
035960
$VVHPEO\'UDZLQJV(
D2-D-98
22
30
29
28
32
15
8
(ITEM 2)
DETAIL
K
2 PL
(ITEM 21)
(ITEM 7)
VIEW F-F
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
7
3
(E1)
3 PL
4
(ITEM 19)
(ITEM 4)
K
24
23
33
6
F
F
-003, -006 ASSY
5
5
("W1, BLUE" FROM ITEM 4)
18
("W2, BROWN" FROM ITEM 4)
(ITEM 6)
(W4, BROWN TO ITEM 10 OR 11-P2)
("W2, BROWN FROM ITEM 21")
6
G
21
(W3, BLUE TO ITEM 10 OR 11-P3)
("W1, GRN/YEL") 19
14
("W1, BLUE FROM ITEM 21")
SEE DETAIL
(ITEM 4)
("W3, GRN/YEL")
(PART OF ITEM 21)
2 PL
SOME ITEMS OMITTED FOR CLARITY
ROTATED 90 CCW
(ITEM 6)
24
23
FLAT WASHER
PART OF ITEM 4
5 PLACES
(TERMINAL DETAIL FOR ITEM 4)
HEX NUT
PART OF ITEM 4
(TERMINAL)
7
(E2)
(E4)
6
29
31
(P3)
(P2)
(P1)
(P5)
(P4)
(P6)
HARDWARE SUPPLIED
WITH ITEM 6, 4 PL
(P5)
VIEW G-G
(E2)
4
(P6)
4
SOME ITEMS OMITTED FOR CLARITY
24
23
33
PART OF ITEM 7
J
J
4
(J2)
8
H
3
7
VIEW J-J
3
(E1)
(E3)
(W1, BLUE)
(TO ITEM 6)
VIEW H-H
2
D
SIZE
SCALE
ROTATED 90 CW
1/1
TREDML
MODEL
SOURCE
DWG NO.
AUTOCAD
1
SHEET
035960
3
PRODUCTION
SOME ITEMS OMITTED FOR CLARITY
(ITEM 10 OR 11)
(ITEM 20)
(ITEM 2)
ROTATED 90 CW
1
(W2, BROWN)
(TO ITEM 6)
(ITEM 18)
SOME ITEMS OMITTED FOR CLARITY
"P2" PART OF ITEM 7
TO PCBA ITEM 10 OR 11-J2
(ITEM 2)
(ITEM 4)
2
THIS SHEET CONTAINS CONFIDENTIAL, PROPRIETARY
NOTICE: QUINTON CONFIDENTIAL
INFORMATION OF QUINTON INSTR. CO. ANY PERSON ACCEPTING THIS SHEET AND/OR INFORMATION AGREES
TO MAKE NO DISCLOSURE, USE OR DUPLICATION THEREOF EXCEPT AS AUTHORIZED IN WRITING BY
QUINTON INSTR. CO. AND TO RETURN THIS SHEET ON REQUEST.
QUINTON INSTRUMENT CO. ALL RIGHTS RESERVED.
c 1999
26
27
25
11 -006
4 PL
2 PL
2
(ITEM 7)
24
23
10 -003
G
(W1, BROWN)
(TO ITEM 10 OR 11-P5 & P6)
(ITEM 2)
20
2 PL
H
(J1)
(J3)
($VVHPEO\'UDZLQJV
OF
4
-
REV
A
B
C
D
FERRITE (031834-003)
D2-D-98
GRE/YEL
GRE/YEL
8
BLU
BRN
TO FINAL MECH
ASSY (035602)
BRN
BLU
BLU
BRN
7
-003, -006 (230)
WIRING DIAGRAM
(035961-002)
BRN
BLU
P6
(036034-001)
6
P3
P2
P6
(036034-001)
J1
J2 J3
XFORMER ASSY
P4
P5
PCBA CONFIG 230V
(035782-001) (-003)
(035782-002) (-006)
P1
J1
J2 J3
XFORMER ASSY
P4
P5
(HARNESS ASSY 035982-001)
PART OF XFORMER
(036034-001)
CIRCUIT BREAKER
(031396-022)
-001, -004 (120V)
WIRING DIAGRAM
P3
P2
P1
PCBA CONFIG 120V
(035774-001) (-001)
(035774-002) (-004)
(P9)
(P9)
5
(035985-001)
(J2)
(HARNESS ASSY)
(035986-001)
(HARNESS ASSY)
SHORTING PLUG
(035987-001)
(P7)
(P6)
(BLU)
(J2)
(BRN)
(035985-001)
(HARNESS ASSY)
(035986-001)
(HARNESS ASSY)
SHORTING PLUG
(035987-001)
(P6)
(BRN)
(PCBA TREADMILL DR)
(036028-001)
(P8)
5
4
GRE/YEL
4
BLU
BRN
-002, -005 (230)
WIRING DIAGRAM
(035961-001)
P3
P2
P1
3
P6
2
SCALE
D
SIZE
(P9)
(035985-001)
(J2)
(HARNESS ASSY)
(035986-001)
(HARNESS ASSY)
SHORTING PLUG
(035987-001)
(P7)
(P6)
(BRN)
1
(BLU)
NONE
SOURCE
DWG NO.
AUTOCAD
1
SHEET
035960
4
PRODUCTION
MODEL
TREDML
(036034-001)
J1
J2 J3
XFORMER ASSY
P4
P5
PCBA CONFIG 230V
(035782-001) (-002)
(035782-002) (-005)
THIS SHEET CONTAINS CONFIDENTIAL, PROPRIETARY
NOTICE: QUINTON CONFIDENTIAL
INFORMATION OF QUINTON INSTR. CO. ANY PERSON ACCEPTING THIS SHEET AND/OR INFORMATION AGREES
TO MAKE NO DISCLOSURE, USE OR DUPLICATION THEREOF EXCEPT AS AUTHORIZED IN WRITING BY
QUINTON INSTR. CO. AND TO RETURN THIS SHEET ON REQUEST.
QUINTON INSTRUMENT CO. ALL RIGHTS RESERVED.
c 1999
TO FINAL MECH
ASSY (035602)
BRN
BLU
2
(HARNESS ASSY 035982-001)
(BRN)
PART OF XFORMER
(036034-001)
CIRCUIT BREAKER
(031396-022)
3
PLATE CONFIGURATION
(032533-001)
RFI FILTER
HARNESS ASSY
(035981-001)
POWER CORD (030610-005)
LINE
(BLU)
(BLU)
6
OF
4
-
REV
(PCBA TREADMILL DR)
(036028-001)
(HARNESS ASSY 035982-002)
PART OF XFORMER
(036034-001)
CIRCUIT BREAKER
(031396-023)
(035961-001)
LOAD
PLATE CONFIGURATION
(032533-002)
RFI FILTER
HARNESS ASSY
(035981-001)
HARNESS ASSY
(036017-001)
GRE/YEL
7
PLATE CONFIGURATION
(032533-001)
RFI FILTER
HARNESS ASSY
(035981-001)
TO FINAL MECH
ASSY (035602)
LINE
POWER INLET (031453-001)
GRE/YEL
BRN
HARNESS ASSY
BRN
HARNESS ASSY
BLU
BLU
POWER CORD (030610-004)
(036018-001)
(036018-001)
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
LINE
(BRN)
(BRN)
BRN
HARNESS ASSY
8
(036018-001)
(BLU)
(BLU)
LOAD
(PCBA TREADMILL DR)
(036028-001)
LOAD
$VVHPEO\'UDZLQJV(
BLU
GRE/YEL
FERRITE (031834-003)
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
$VVHPEO\'UDZLQJV(
($VVHPEO\'UDZLQJV
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
4XLFN5HIHUHQFH
.H\VWURNH&RPPDQGV
&OXE7UDFN
)XQFWLRQ
.H\&RPELQDWLRQ
&KDQJHGHIDXOWXQLWV
7RWDOWLPHUXQ
7RWDOGLVWDQFHUXQ
DQG
DQG
DQG
&XVWRP(GLWRU0RGH
(QWHULQJFXVWRPHGLWRU
6HWWLQJWLPHOLPLWDODUP
DQG
RU
DQG
LVXQOLPLWHG
6HWWLQJWLPHOLPLWWR
PLQXWHV
6HWWLQJPD[LPXPVSHHG
([LWLQJFXVWRPHGLWRU
RU
WRVDYHVHWWLQJV
6HUYLFH0RGH
(QWHULQJH[LWLQJVHUYLFH
PRGH
DQG
DQG
VHJPHQWGLVSOD\F\FOH
WHVW
DQG
DQG
19SURJUDPORDGWHVW
96'UHYLVLRQQXPEHU
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
DQG
DQG
4XLFN5HIHUHQFH)
0DQSURJUHYLVLRQ
QXPEHU
&RQILJXUDWLRQVHOHFW
DQG
DQG
RU
&RQILJXUDWLRQQRFKDQJH
&RQILJXUDWLRQVWRUH
RU
$%6YROWDJHGLVSOD\
.H\,QSXW
)4XLFN5HIHUHQFH
DQG
'LVSOD\HG&RGH
.H\,QSXW
'LVSOD\HG&RGH
1RNH\
3
6HOHFW(QWHU
3
&OHDU
3
6WDUW%HOW
3
8S
3
8QLWV
3
'RZQ
3
&RRO'RZQ
3
6WRS%HOW
3
)DVWHU
3
3
6ORZHU
3
³
3
6KRUWHG.H\V
3
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
&OXE7UDFN3OXV
)XQFWLRQ
&XVWRPHGLWRUPRGH
6HUYLFHPRGHDFFHVV
0DJQHWLFNH\RYHUULGH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
.H\&RPELQDWLRQ
DQG
DQG
DQG
DQG
4XLFN5HIHUHQFH)
(UURU&RGHV
6HOI7HVW
(UURU
'HVFULSWLRQDOODUHIDWDO
(
96'FRQWUROOHUFKLSIDLOXUH
(
96'FRQWUROOHU(3520IDLOXUH
(
96'FRQWUROOHUVWXFNLQWHUUXSW
(
96'FRQWUROOHU$'IDLOXUH
(
0DQSURJFRQWUROOHU5$0IDLOXUH
(
0DQSURJFRQWUROOHU(3520FRUUXSWHG
(
0DQSURJFRQWUROOHUVWXFNLQWHUUXSW
(
0DQSURJFRQWUROOHU&RPPXQLFDWLRQ3DFNHWIDLOXUH
(
0DQSURJFRQWUROOHU195$0FRUUXSWHG
(
3URJFRQWUROOHU([WHUQDO8$57IDLOXUH
&3
0DQSURJFRQILJXUDWLRQQHHGVXSGDWLQJ
2SHUDWLQJ
(UURU
)4XLFN5HIHUHQFH
,QGLFDWHV
)DWDO1RQ
)DWDO
(
*UDGHJUHDWHUWKDQDOORZDEOHOLPLW
1RQIDWDO
(
6SHHGJUHDWHUWKDQDOORZDEOHOLPLW
)DWDO
(
0RWRUGUDZLQJH[FHVVLYHFXUUHQWIRUDWOHDVWVHFRQG
)DWDO
(
96'LVQRWFRPPXQLFDWLQJZLWK0DQSURJFRQWUROOHU
)DWDO
(
96'WDFKRPHWHUQRWZRUNLQJ
)DWDO
(
96'KDVUHFHLYHGDQXQH[SHFWHGUHVHW
)DWDO
(
0RWRULVGUDZLQJPRGHUDWHO\H[FHVVLYHFXUUHQWIRU
PLQXWHV
1RQIDWDO
(
0RWRUFXUUHQWVHQVHFLUFXLWQRWGHWHFWLQJDSSURSULDWH )DWDO
FXUUHQW
(
0RWRUGULYHFLUFXLWU\KDVIDLOHG
)DWDO
(
0RWRUFXUUHQWVHQVHFLUFXLWKDVIDLOHG
)DWDO
(
*UDGHVHQVLQJFLUFXLWLVHLWKHUGHWHFWLQJPRWLRQZKHQ
QRQHLVH[SHFWHGRUQRWGHWHFWLQJPRWLRQZKHQ
FKDQJHVKRXOGRFFXU
1RQIDWDO
(
8VHULQSXWFRQILJXUDWLRQFRGHLVQRWYDOLGIRUWKH
KDUGZDUH
)DWDO
(
3OXVRQO\&LUFXLWEUHDNHUZDVWULSSHGRUSRZHUZDV
ORVWZKLOHEHOWZDVPRYLQJ
,QIRUPDWLRQ
2QO\
(3/2
,QSXWYROWDJHKDVGURSSHGWRRORZ
)DWDO
(3+,
,QSXWYROWDJHKDVJRQHWRRKLJK
)DWDO
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
,QGH[
$
DFWXDOJUDGH3OXVPRGHOV
DGMXVWLQJ
ZDONEHOW
DVVHPEO\
FRQWUROOHU
GHFNDQGUROOHU
GULYHPRWRU
JUDGHPRWRU
KHDGIUDPH
DVVHPEO\GUDZLQJV
%
EDWWHU\KHDUWUDWHPRQLWRU
&
FDOLEUDWLQJ
JUDGHV\VWHP
FDOLEUDWLRQ
FDXWLRQV
EXUQV
HOHFWULFDO
PHFKDQLFDO
FOHDQLQJ
H[WHULRU
KHDUWUDWHPRQLWRU
FOHDULQJQRQYRODWLOH5$0
&OXE7UDFN3OXVLQWHUIDFH
FRPSOHWHILHOGIXQFWLRQDOWHVW'
FRPSUHVVLRQPRXQWVUHSODFLQJ
FRQILJXUDWLRQSODWH
FRQILJXUDWLRQSODWHDVVHPEO\UHSODFLQJ
FRQILJXULQJ
FRQWUROOHU
FRQWUROOHUDVVHPEO\
FRQWUROOHUFDEOHUHSODFLQJ
&RQWUROOHUGLVSOD\
WHVW'
&RQWUROOHUGLVSOD\VWHVWLQJ'
FRQWUROOHUNH\V
&RQWUROOHURSHUDWLRQWHVWLQJ'
FRQWUROOHUUHYLVLRQQXPEHUYLHZLQJ
FRQWUROOHUWRWUHDGPLOOLQWHUIDFH
FRQWUROOHUFRQILJXULQJ
FXPXODWLYHXVHYLHZLQJ
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
'
GHFNDQGUROOHUDVVHPEO\
'HFN)ULFWLRQWHVWLQJ'
GHFNUHSODFLQJ
GULYHERDUG
GULYHPRWRUDVVHPEO\
GULYHPRWRUUHSODFLQJ
GULYHUHYLVLRQQXPEHUYLHZLQJ
(
HOHFWULFDOSUREOHPV
HOHFWURQLFHUURUFRGHV
HOHFWURQLFSUREOHPV
HQFORVXUHUHPRYLQJ
HUURUFRGHIORZFKDUWV
(
(
(
(
(
(
(3+,
(3/2
96'ERDUG
HUURUFRGHV
TXLFNUHIHUHQFH)
HUURUFRGHVIORZFKDUWV
GULYHPRWRU
JUDGHSUREOHPV
HUURUFRGHVHOHFWURQLF
HUURUIORZFKDUWV
(UURUORJ
H[WHUQDO56SRUWWHVW3OXVPRGHOV
)
)LHOGIXQFWLRQDOWHVW'
ILHOGIXQFWLRQDOWHVWV
FRPSOHWH'
)LHOG7HVW1R'
)LHOG7HVW1R'
)LHOG7HVW1R'
)LHOG7HVW1R'
)LHOG7HVW1R'
ILQDODVVHPEOLHV
SDUWQXPEHU&
,QGH[
IOXRUHVFHQWWXEHUHSODFLQJ
IURQWVKDIWUHWDLQHULQVWDOOLQJ
*
JUDGHDFWXDWRUUHSODFLQJ
JUDGHPRWRUDVVHPEO\DQGV\VWHP
*UDGH2SHUDWLRQWHVWLQJ'
JUDGHV\VWHPFDOLEUDWLQJ
*UDGHSHUFHQWYVDQJOH%
+
+DQGJULSKHDUWUDWHPRQLWRUWHVWLQJ'
KHDGIUDPHDVVHPEO\
KHDUWUDWHDFFXUDF\WHVWLQJ'
KHDUWUDWHPRQLWRU
EDWWHU\
FOHDQLQJ
VWRUDJH
KHDUWUDWHPRQLWRULQJ
PLFURSURFHVVRU
UHFHLYHU
WUDQVPLWWHU
WURXEOHVKRRWLQJ
+HDUWUDWHPRQLWRULQJZLUHOHVVWHVWLQJ'
,
LQSXWSRZHUPRGXOH
LQWHUIDFH
&OXE7UDFN3OXV
FRQWUROOHUWRWUHDGPLOO
.
NH\SDQHO
.H\SDQHOGLVSOD\VWHVWLQJ'
NH\SDQHOUHPRYLQJ
NH\VWURNHFRPPDQGV
TXLFNUHIHUHQFH
&OXE7UDFN)
&OXE7UDFN3OXV)
/
/&'FRQWUDVW3OXVPRGHOV
/&'GLVSOD\WHVW3OXVPRGHOV
OLPLWHGDFFHVVVZLWFK
0
PHFKDQLFDOSUREOHPV
PLFURSURFHVVRU
0XOWLGLVSOD\WHVWLQJ'
1
QRQYRODWLOH5$0FOHDULQJ
2
RSHUDWLRQ
RXWSXWGLVSOD\V
RYHUYLHZ
,QGH[
FRQWUROOHUDVVHPEO\
GHFNDQGUROOHUDVVHPEO\
KHDGIUDPHDVVHPEO\
3
SDUWQXPEHU
VSDUHV&
3DUWQXPEHUV&
SDUWQXPEHUV
FRQWUROOHUV&
ILQDODVVHPEOLHV&
KHDUWUDWHPRQLWRUDFFHVVRULHV&
RSHUDWRUDQGVHUYLFHPDQXDOV&
3&%$UHSODFLQJ
SHUFHQWYVDQJOHUHODWLRQVKLSIRUWUHDGPLOOJUDGH
%
SRO\9GULYHEHOWUHSODFLQJ
SRZHU
SRZHUFRUGUHSODFLQJ
SUHYHQWLYHPDLQWHQDQFH
SURJUDPORRS3OXVPRGHOV
4
TXLFNUHIHUHQFH
HUURUFRGHV)
NH\VWURNHFRPPDQGV
&OXE7UDFN)
&OXE7UDFN3OXV)
5
UHFHLYHU
UHFRPPHQGHGVHUYLFH
UHPRYLQJ
HQFORVXUH
NH\SDQHO
WUHDGPLOOKRRG
UHSDLU
UHSODFHPHQW
UHSODFLQJ
FRPSUHVVLRQPRXQWV
FRQILJXUDWLRQSODWHDVVHPEO\
FRQWUROOHUFDEOH
GHFN
GULYHPRWRU
IOXRUHVFHQWWXEH3OXVPRGHOV
JUDGHDFWXDWRU
3&%$
SRO\9GULYHEHOW
SRZHUFRUG
UROOHUVZDONGHFN
WHQVLRQHU
96'ERDUGEUDFNHWDVVHPEO\
ZDONEHOWRUGHFN
URXWLQHPDLQWHQDQFH
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
6
VDIHW\UHTXLUHPHQWV$
VHUYLFHPRGH
FRQWUROOHUNH\V
GLVSOD\V&OXE7UDFN
6KXWGRZQ'
VLJQDOVRQFRQWUROFDEOHSLQV
VSHFLILFDWLRQV%
&OXE7UDFNFRQWUROOHUV%
&OXE7UDFN3OXVFRQWUROOHUV%
6SHHGRSHUDWLRQWHVWLQJ'
VWRUDJHKHDUWUDWHPRQLWRU
V\PEROGHILQLWLRQV$
7
WHQVLRQHUUHSODFLQJ
7HVW
GHFNIULFWLRQ'
JUDGHRSHUDWLRQ'
KDQGJULSKHDUWUDWHPRQLWRU'
VSHHGRSHUDWLRQ'
ZDONEHOWRSHUDWLRQ'
ZLUHOHVVKHDUWUDWHPRQLWRU'
WHVWLQJKHDUWUDWHDFFXUDF\'
WHVWLQJSLQVLJQDOVRQWKHFRPPXQLFDWLRQVFD
EOH
WRROV
WUDQVPLWWHUKHDUWUDWHPRQLWRULQJ
WUHDGPLOOJUDGH
SHUFHQWYVDQJOHUHODWLRQVKLS%
WUHDGPLOOKRRG
YDFXXPLQJXQGHU
WUHDGPLOOKRRGUHPRYLQJ
WUHDGPLOOQRLVHWURXEOHVKRRWLQJ
WUHDGPLOOFRQWUROOHULQWHUIDFH
WURXEOHVKRRWLQJ
GULYHEHOW
HOHFWULFDOSUREOHPV
HOHFWURQLFSUREOHPV
KHDUWUDWHPRQLWRULQJ
PHFKDQLFDOSUREOHPV
WUHDGPLOOQRLVH
ZDONEHOW
&OXE7UDFNDQG&OXE7UDFN3OXV6HUYLFH0DQXDO
8
XVHULQSXWV
9
YDFXXPLQJXQGHUWUHDGPLOOKRRG
YLHZLQJ
FXPXODWLYHXVH
YLHZLQJWKHFRQWUROOHUUHYLVLRQQXPEHU
YLHZLQJWKHGULYHUHYLVLRQQXPEHU
96'ERDUGEUDFNHWDVVHPEO\UHSODFLQJ
:
:DONEHOWRSHUDWLRQWHVWLQJ'
ZDONEHOWRUGHFNUHSODFLQJ
ZDONEHOWDGMXVWLQJ
ZDONGHFNDVVHPEO\
ZDONGHFNUROOHUVUHSODFLQJ
ZDUQLQJV
EXUQV
HOHFWULFDO
PHFKDQLFDO
,QGH[