4,-03734,= 3* +%1) 8,)36=
-2863(9'8-32
'SRWMHIV XLI JSPPS[MRK WMXYEXMSR [LIR X[S LYRXIVW WIX SYX XS LYRX E WXEK ERH PSWI
XVEGO SJ IEGL SXLIV MR XLI TVSGIWW IEGL LYRXIV LEW XS QEOI E HIGMWMSR )MXLIV WLI
GSRXMRYIW EGGSVHMRK XS TPER LSTMRK XLEX LIV TEVXRIV HSIW PMOI[MWI FIGEYWI WLI
GERRSX FEK E HIIV SR LIV S[R ERH XSKIXLIV XLI] GEXGL XLI HIIV SV WLI KSIW JSV E
LEVI MRWXIEH WIGYVMRK E TVI] XLEX HSIW RSX VIUYMVI LIV TEVXRIVW GSSTIVEXMSR ERH
XLYW EFERHSRMRK XLI GSQQSR TPER )EGL LYRXIV TVIJIVW E HIIV WLEVIH FIX[IIR
XLIQ XS E LEVI JSV LIVWIPJ EPSRI &YX MJ WLI HIGMHIW XS LYRX JSV HIIV WLI JEGIW XLI
TSWWMFMPMX] XLEX LIV TEVXRIV EFERHSRW LIV PIEZMRK LIV [MXLSYX HIIV SV LEVI 7S
[LEX WLSYPH WLI HS# %RH [LEX [MPP WLI HS#
7MXYEXMSRW PMOI XLMW [LIVI XLI SYXGSQI SJ ER EKIRXW EGXMSR HITIRHW SR XLI
EGXMSRW SJ EPP XLI SXLIV EKIRXW MRZSPZIH EVI GEPPIH MRXIVEGXMZI 8[S TISTPI TPE]MRK
GLIWW MW XLI EVGLIX]TMGEP I\EQTPI SJ ER MRXIVEGXMZI WMXYEXMSR FYX WS EVI IPIGXMSRW
[EKI FEVKEMRMRK QEVOIX XVERWEGXMSRW EVQW VEGIW MRXIVREXMSREP RIKSXMEXMSRW ERH
QER] QSVI +EQI XLISV] WXYHMIW XLIWI MRXIVEGXMZI WMXYEXMSRW -XW JYRHEQIRXEP
MHIE MW XLEX ER EKIRX MR ER MRXIVEGXMZI HIGMWMSR WLSYPH ERH HSIW XEOI MRXS EGGSYRX
XLI HIPMFIVEXMSRW SJ XLI SXLIV TPE]IVW MRZSPZIH [LS MR XYVR XEOI LIV HIPMFIVEXMSRW
MRXS EGGSYRX % VEXMSREP EKIRX MR ER MRXIVEGXMZI WMXYEXMSR WLSYPH XLIVIJSVI RSX EWO
@[LEX WLSYPH - HS KMZIR [LEX MW PMOIP] XS LETTIR# FYX VEXLIV @[LEX [MPP XLI]
HS KMZIR XLIMV FIPMIJW EFSYX [LEX - [MPP HS ERH LS[ WLSYPH - VIWTSRH XS XLEX#
-R XLMW EVXMGPI [I HMWGYWW TLMPSWSTLMGEP MWWYIW EVMWMRK JVSQ KEQI XLISV] ;I
GER SRP] WOIXGL XLI FEWMG GSRGITXW SJ XLI XLISV] MR SVHIV XS HMWGYWW WSQI SJ XLIMV
TLMPSWSTLMGEP MQTPMGEXMSRW ERH TVSFPIQW ;I [MPP XLYW EWWYQI XLEX SYV VIEHIVW
LEZI WSQI JEQMPMEVMX] [MXL XLI FEWMG GSRGITXW *SV XLSWI [LS EVI TVMQEVMP] PSSOMRK
JSV ER MRXVSHYGXMSR XS XLI FEWMGW SJ KEQI XLISV] [I VIGSQQIRH &MRQSVI ?
A SV /VITW ?A FSXL SJ [LMGL EPWS GSRWMHIV TLMPSWSTLMGEP MWWYIW 3WFSVRI
ERH 6YFMRWXIMR ?A ERH *YHIRFIVK ERH 8MVSPI ?A EVI XI\XFSSOW XLEX TYX
QSVI IQTLEWMW SR XLI QEXLIQEXMGEP TVSSJW ,EVKVIEZIW,IET :EVSYJEOMW ?A
XLISV]
4LMPSWSTL] ERH KEQI XLISV] EVI GSRRIGXIH MR QYPXMTPI [E]W +EQI XLISV] LEW
FIIR YWIH EW E XSSP MR TLMPSWSTLMGEP HMWGYWWMSRW ERH WSQI GVYGMEP KEQI XLISVIXMGEP
,ERHFSSO SJ XLI 4LMPSWSTL] SJ 7GMIRGI :SPYQI 4LMPSWSTL] SJ )GSRSQMGW
:SPYQI IHMXSV 9WOEPM 1cEOM +IRIVEP IHMXSVW (SZ 1 +EFFE] 4EYP 8LEKEVH ERH .SLR ;SSHW
G )PWIZMIV &: %PP VMKLXW VIWIVZIH