-JFCFSU (957"7".PEFM
"$1PXFSGPS
#VTJOFTT$SJUJDBM$POUJOVJUZ 5.
ˆ
3FMJBCMF0O-JOF6141SPUFDUJPO*O"$PNQBDU61BDLBHF
-JFCFSU(95JTBUSVFPOMJOF614UIBUEFMJWFST
DPOUJOVPVTIJHIRVBMJUZ"$QPXFSUP*5FRVJQNFOU
XJUIOPCSFBLXIFOUSBOTGFSSJOHUPCBUUFSZ*UQSPUFDUT
FRVJQNFOUGSPNWJSUVBMMZBMMQPXFSEJTUVSCBODFTEVFUP
CMBDLPVUTCSPXOPVUTTBHTTVSHFTPSOPJTFJOUFSGFSFODF
5IF614JTBWBJMBCMFJOSBDLUPXFSDPOGJHVSBUJPO
0OFPGUIFNPTUBGGPSEBCMFBOECFTUQFSGPSNJOH614TZTUFNTJOJUT
DMBTT-JFCFSU(95MFBETUIFJOEVTUSZJODPNCJOJOHTNBMMTJ[FIJHI
DBQBDJUZBOEIJHISFMJBCJMJUZGFBUVSFT
8JUIJUT1PXFS'BDUPSJU1SPWJEFT.PSF1PXFSGPS:PVS
1SPUFDUFE-PBEBOE.PSF&OFSHZ&GGJDJFOU0QFSBUJPO
'MFYJCJMJUZ
Q 6QUPTJYCBUUFSZCBDLFEPVUMFUT
Q3PUBUBCMFEJTQMBZQBOFM
Q"VUPNBUJDGSFRVFODZTFOTJOH
Q.PVOUJOH¼FYJCJMJUZ
Q.VMUJQMF$PNNVOJDBUJPOT0QUJPOT
4/.18&#64#
Q$PNQBUJCMFXJUI-JFCFSU.VMUJ-JOL
-JFCFSU/GPSN-JFCFSU.VMUJQPSU
-JFCFSU*OUFMMJTMPU3FMBZ*OUFSGBDFDBSE
5IBOLTUPJUT0QUJPOBM-JFCFSU.JDSP10%0VUQVU%JTUSJCVUJPO"OE
.BJOUFOBODF#ZQBTT.PEVMFDPOUJOVPVTVQUJNFJTFOTVSFEFWFO
GPSTDIFEVMFE614.BJOUFOBODF
*EFBMMZTVJUFEGPS
Q1$T
Q/FUXPSLXPSLTUBUJPOT
Q4FSWFST
Q/FUXPSLDMPTFUT
Q-BSHFOFUXPSLQFSJQIFSBMT
Q7P*1
)JHIFS"WBJMBCJMJUZ
Q"EWBODFFBSMZXBSOJOHPG614TZTUFNTUBUVT
QNJOVUFTPGCBUUFSZCBDLVQUJNFBUGVMMMPBE
Q4DBMBCMFSVOUJNF
1'
.PSF1PXFS
"WBJMBCMF
-JFCFSU(95JTFBTJMZ
DPO»HVSFEGPSFJUIFS
SBDLNPVOUPSUPXFS
BQQMJDBUJPOT
5IF-&%EJTQMBZSPUBUFT
GPSFBTZWJFXJOHJO
FJUIFSPSJFOUBUJPO
Q'VMMTFRVFODFECBUUFSZUFTUJOH
Q6TFSSFQMBDFBCMFIPUTXBQQBCMFCBUUFSJFT
-PXFTU5PUBM$PTU0G0XOFSTIJQ
Q0VUQVU1PXFS'BDUPS
Q8JEFSJOQVUWPMUBHFXJOEPX
Q*OUFMMJHFOUGBOPQFSBUJPO
Q&G»DJFOUPQFSBUJPO
Q8BSSBOUZQSPUFDUJPO
-JFCFSU(95DPOUBJOTJOUFSOBMCBUUFSJFT
BOEJTBMTPBCMFUPTVQQPSUVQUPGPVS
FYUFSOBMCBUUFSZDBCJOFUT¯BMTP6TJ[F
-JFCFSUˆ(957"7".PEFM
4QFDJ»DBUJPOT
.PEFM/VNCFS
1PXFS3BUJOH
(9535
(9535
(9535
(9535
(9535
7"8
7"8
7"8
7"8
7"8
%JNFOTJPOT8Y%Y)NN
6OJU
YY
YY
YY
4IJQQJOH
YY
YY
YY
8FJHIULH
6OJU
4IJQQJOH
*OQVU"$1BSBNFUFST
7PMUBHF3BOHF8JUIPVU#BUUFSZ0QFSBUJPO
7"$OPNJOBMWBSJBCMFCBTFEPOPVUQVUMPBE
'SFRVFODZ3BOHF
)[_)["VUP4FOTJOH
*OQVU4PDLFU
0VUQVU4PDLFUT
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
*&$$
7PMUBHF
7"$VTFSDPO»HVSBCMF
‘
8BWFGPSN
4JOFXBWF
#BUUFSZ1BSBNFUFST
5ZQF
7BMWFSFHVMBUFEOPOTQJMMBCMFMFBEBDJE
2VBOUJUZY7PMUBHFY3BUJOH
Y7Y"I
3FDIBSHF5JNF
Y7Y"I
Y7Y"I
Y7Y"I
IPVSTUPDBQBDJUZBGUFSGVMMEJTDIBSHFXJUIMPBEUJMM614BVUPTIVUEPXO*OUFSOBM#BUUFSJFT0OMZ
#BUUFSZ#BDLVQ5JNF
-PDBUJPOT
&NFSTPO/FUXPSL1PXFS)FBERVBSUFST
&.&"
7JB-FPOBSEP%B7JODJ
;POB*OEVTUSJBMF5PHOBOB
1JPWFEJ4BDDP1%
*UBMZ
5FM
'BY
NBSLFUJOHFNFB!FNFSTPOOFUXPSLQPXFSDPN
&NFSTPO/FUXPSL1PXFS4FSWJDF&.&"
7JB-FPOBSEP%B7JODJ
;POB*OEVTUSJBMF5PHOBOB
1JPWFEJ4BDDP1%
*UBMZ
5FM
'BY
TFSWJDFFNFB!FNFSTPOOFUXPSLQPXFSDPN
6OJUFE4UBUFT
%FBSCPSO%SJWF
10#PY
$PMVNCVT0)
5FM
4FFUBCMFCFMPX
"TJB
'%BI4JOH'JOBODJBM$FOUSF
(MPVDFTUFS3PBE8BODIBJ
)POH,POH
5FM
'BY
&OWJSPONFOUBM
0QFSBUJOH
œ$UPœ$œ'UPœ'
4UPSBHF5FNQFSBUVSF
œ$UPœ$œ'UPœ'
3FMBUJWF)VNJEJUZ
3)UP3)OPODPOEFOTJOH
0QFSBUJOH"MUJUVEF
6QUPNGU
BUœ$œ'
XJUIPVUEFSBUJOH
E#"BUNFUFSGUGSPNUIFSFBS
E#"BUNFUFSGUGSPNUIFGSPOUPSTJEFT
"VEJCMF/PJTF
E#"NBYBUNFUFS
GUGSPOUBOETJEF
E#"NBYBUNFUFSGUGSPOUBOETJEF
E#"BUNFUFS
E#"BUNFUFSGUSFBS
GUSFBS
"HFODZ
4BGFUZ
&$&/"4
3'*&.*
*&$&/"4OE&E$*413$MBTT"
4VSHF*NNVOJUZ
*&$OE&E
5SBOTQPSUBUJPO
*45"1SPDFEVSF"
$PNQMJBODF
5FDI4VQQPSU
"MXBZT 0O 0VS $PNNJUNFOU UP ZPVS EBJMZ
#VTJOFTTQSPWJEFECZPVS8PSME8JEFNVMUJ
MBOHVBHF5FDI4VQQPSU
5PMMGSFF
5PMM
MJFCFSUVQTUFDI!FNFSTPODPN
$&3P)48&&&
-JFCFSU (95#BUUFSZ$BCJOFU4QFDJ»DBUJPOT
ˆ
.PEFM/VNCFS
(9535
(9535
6TFEX614.PEFM
(9535
(9535
(957#"55
(9535
(957#"55
%JNFOTJPOT8Y%Y)NN
6OJU
YY
YY
4IJQQJOH
YY
YY
6OJU
4IJQQJOH
8FJHIULH
8IJMFFWFSZQSFDBVUJPOIBTCFFOUBLFOUPFOTVSF
UIFBDDVSBDZBOEDPNQMFUFOFTTPGUIJTMJUFSBUVSF
-JFCFSU$PSQPSBUJPOBTTVNFTOPSFTQPOTJCJMJUZBOE
EJTDMBJNTBMMMJBCJMJUZGPSEBNBHFTSFTVMUJOHGSPNVTF
PGUIJTJOGPSNBUJPOPSGPSBOZFSSPSTPSPNJTTJPOT
‰-JFCFSU$PSQPSBUJPO
"MMSJHIUTSFTFSWFEUISPVHIPVUUIFXPSME
4QFDJ»DBUJPOTTVCKFDUUPDIBOHFXJUIPVUOPUJDF
(95.'-:&/
#BUUFSJFT
5ZQF
7BMWFSFHVMBUFEOPOTQJMMBCMFMFBEBDJE
2VBOUJUZY7PMUBHFY3BUJOH
YY7Y"I
YY7Y"I
&OWJSPONFOUBM
0QFSBUJOH4UPSBHF5FNQFSBUVSF$
œ$UPœ$œ'UPœ'
œ$UPœ$œ'UPœ'
3FMBUJWF)VNJEJUZ
&NFSTPO/FUXPSL1PXFS5.
5IFHMPCBMMFBEFSJOFOBCMJOH
#VTJOFTT$SJUJDBM$POUJOVJUZŠ
UPOPODPOEFOTJOH
.BYJNVN0QFSBUJOH"MUJUVEF
6QUPNGU
BUœ'œ$
XJUIPVUEFSBUJOH
"$1PXFS
"HFODZ
4BGFUZ&NJTTJPOT
$POOFDUJWJUZ
&$&/"4'$$1BSU$MBTT"$*413$MBTT#
5SBOTQPSUBUJPO
%$1PXFS
*45"1SPDFEVSF"
&NCFEEFE$PNQVUJOH
#BUUFSZ3VOUJNF$IBSU3VOUJNFTBSFJONJOVUFTBTTVNJOHGVMMZDIBSHFECBUUFSJFTBU$
/VNCFSPGCBUUFSJFT
7"
7"
7"
7"
*OGSBTUSVDUVSF.BOBHFNFOU.POJUPSJOH
0VUTJEF1MBOU
1PXFS4XJUDIJOH$POUSPMT
*OUFSOBM#BUUFSZ&YUFSOBM$BCJOFU
GVMMMPBE
*OUFSOBM#BUUFSZ&YUFSOBM#BUUFSZ$BCJOFUT
GVMMMPBE
*OUFSOBM#BUUFSZ&YUFSOBM#BUUFSZ$BCJOFUT
GVMMMPBE
*OUFSOBM#BUUFSZ&YUFSOBM#BUUFSZ$BCJOFUT
GVMMMPBE
-JFCFSU
*OUFMMJTMPU1PSU
&NCFEEFE1PXFS
7"
*OUFSOBM#BUUFSZGVMMMPBE
64#1PSU
*OQVU$JSDVJU
#SFBLFS
0VUQVU$JSDVJU
#SFBLFST
$*OQVU
3FDFQUBDMF
1SFDJTJPO$PPMJOH
3BDLT*OUFHSBUFE$BCJOFUT
4FSWJDFT
4VSHF1SPUFDUJPO
&NFSTPO/FUXPSL1PXFSDPN
5FSNJOBM#MPDL
$PNNVOJDBUJPO
$PPMJOH'BO
&YUFSOBM#BUUFSZ
$POOFDUPS
$0VUQVU
3FDFQUBDMFT
$0VUQVU
3FDFQUBDMF
&NFSTPO#VTJOFTT$SJUJDBM$POUJOVJUZ5.BOE&NFSTPO
/FUXPSL1PXFSBSFUSBEFNBSLTPG&NFSTPO&MFDUSJD
$PPSPOFPGJUTBG»MJBUFEDPNQBOJFT‰
&NFSTPO&MFDUSJD$P