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6CDNGQHEQPVGPVU
5CHGV[RTGECWVKQPU
5#('6;+%105
5#('6;24'%#76+105&74+0)+056#..#6+10
5#('6;24'%#76+105&74+0)12'4#6+10
5#('6;24'%#76+105&74+0)/#+06'0#0%'144'2#+4
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241)4#//#$.'5'66+0)5(14)#85&7261)#85&
15&QKNEQPFGPUCVGUGRCTCVQT
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15&70+6
+05647%6+105(14(+'.&+056#..#6+10
12'4#6+0)#0&/#+06'0#0%'+05647%6+105
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'0'4);4'%18'4;5;56'/5
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6*'4/156#6+%$;2#558#.8'5
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1RGTCVKPIKPUVTWEVKQPU
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56122+0)
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#+4(+.6'4
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5#('6;8#.8'
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)WKFGNKPGUHQTKPURGEVKQP
+PUVTWEVKQPOCPWCN
5CHGV[RTGECWVKQPU
5CHGV[KEQPU
'ZRNCPCVKQP
&CPIGTHQTNKHG
9CTPKPI
+ORQTVCPVPQVG
5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQP
#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
+HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
+PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
$GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
+PUVTWEVKQPOCPWCN
2TGECWVKQPUFWTKPIKPUVCNNCVKQP
6JGOCEJKPGOWUVQPN[DGNKHVGFWUKPIUWKVCDNGGSWKROGPVKPCEEQTFCPEGYKVJNQECNUCHGV[
TGIWNCVKQPU.QQUGQTRKXQVKPIRCTVUOWUVDGUGEWTGN[HCUVGPGFDGHQTGNKHVKPI+VKUUVTKEVN[HQTDKFFGP
VQFYGNNQTUVC[KPVJGTKUM\QPGWPFGTCNKHVGFNQCF.KHVKPICEEGNGTCVKQPCPFFGEGNGTCVKQPOWUVDG
MGRVYKVJKPUCHGNKOKVU9GCTCUCHGV[JGNOGVYJGPYQTMKPIKPVJGCTGCQHQXGTJGCFQTNKHVKPI
GSWKROGPV
2NCEGVJGOCEJKPGYJGTGVJGCODKGPVCKTKUCUEQQNCPFENGCPCURQUUKDNG+HPGEGUUCT[KPUVCNNC
UWEVKQPFWEV0GXGTQDUVTWEVVJGCKTKPNGV%CTGOWUVDGVCMGPVQOKPKOKUGVJGGPVT[QHOQKUVWTGCV
VJGKPNGVCKT
#P[DNCPMKPIHNCPIGURNWIUECRUCPFFGUKEECPVDCIUOWUVDGTGOQXGFDGHQTGEQPPGEVKPIVJG
RKRGU
#KTJQUGUOWUVDGQHEQTTGEVUK\GCPFUWKVCDNGHQTVJGYQTMKPIRTGUUWTG0GXGTWUGHTC[GFFCOCIGF
QTYQTPJQUGU&KUVTKDWVKQPRKRGUCPFEQPPGEVKQPUOWUVDGQHVJGEQTTGEVUK\GCPFUWKVCDNGHQTVJG
YQTMKPIRTGUUWTG
6JGCURKTCVGFCKTOWUVDGHTGGQHHNCOOCDNGHWOGUXCRQWTUCPFRCTVKENGUGIRCKPVUQNXGPVUVJCV
ECPNGCFVQKPVGTPCNHKTGQTGZRNQUKQP
#TTCPIGVJGCKTKPVCMGUQVJCVNQQUGENQVJKPIYQTPD[RGQRNGECPPQVDGUWEMGFKP
'PUWTGVJCVVJGFKUEJCTIGRKRGHTQOVJGEQORTGUUQTVQVJGCHVGTEQQNGTQTCKTPGVKUHTGGVQGZRCPF
WPFGTJGCVCPFVJCVKVKUPQVKPEQPVCEVYKVJQTENQUGVQHNCOOCDNGOCVGTKCNU
0QGZVGTPCNHQTEGOC[DGGZGTVGFQPVJGCKTQWVNGVXCNXGVJGEQPPGEVGFRKRGOWUVDGHTGGQHUVTCKP
+HTGOQVGEQPVTQNKUKPUVCNNGFVJGOCEJKPGOWUVDGCTCENGCTUKIPUVCVKPI�)'46JKUOCEJKPGKU
TGOQVGN[EQPVTQNNGFCPFOC[UVCTVYKVJQWVYCTPKPI
6JGQRGTCVQTJCUVQOCMGUWTGVJCVVJGOCEJKPGKUUVQRRGFCPFVJCVVJGKUQNCVKPIUYKVEJKUQRGP
CPFNQEMGFDGHQTGCP[OCKPVGPCPEGQTTGRCKT#UCHWTVJGTUCHGIWCTFRGTUQPUUYKVEJKPIQP
TGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCVVJGTGKUPQQPG
EJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGFVQVJGUVCTV
GSWKROGPV
#KTEQQNGFOCEJKPGUOWUVDGKPUVCNNGFKPUWEJCYC[VJCVCPCFGSWCVGHNQYQHEQQNKPICKTKU
CXCKNCDNGCPFVJCVVJGGZJCWUVGFCKTFQGUPQVTGEKTEWNCVGVQVJGEQORTGUUQTCKTKPNGVQTEQQNKPICKT
KPNGV
6JGGNGEVTKECNEQPPGEVKQPUOWUVEQTTGURQPFVQVJGNQECNEQFGU6JGOCEJKPGUOWUVDGGCTVJGFCPF
RTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUKPCNNRJCUGU#NQEMCDNGRQYGTKUQNCVKPIUYKVEJOWUVDG
KPUVCNNGFPGCTVJGEQORTGUUQT
1POCEJKPGUYKVJCWVQOCVKEUVCTVUVQRU[UVGOQTKHVJGCWVQOCVKETGUVCTVHWPEVKQPCHVGTXQNVCIG
HCKNWTGKUCEVKXCVGFCUKIPUVCVKPI6JKUOCEJKPGOC[UVCTVYKVJQWVYCTPKPIOWUVDGCHHKZGFPGCT
VJGKPUVTWOGPVRCPGN
+POWNVKRNGEQORTGUUQTU[UVGOUOCPWCNXCNXGUOWUVDGKPUVCNNGFVQKUQNCVGGCEJEQORTGUUQT0QP
TGVWTPXCNXGU
EJGEMXCNXGUOWUVPQVDGTGNKGFWRQPHQTKUQNCVKPIRTGUUWTGU[UVGOU
0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
OWUVDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF
2KRGYQTMQTQVJGTRCTVUYKVJCVGORGTCVWTGKPGZEGUUQHu%
u(CPFYJKEJOC[DG
CEEKFGPVCNN[VQWEJGFD[RGTUQPPGNKPPQTOCNQRGTCVKQPOWUVDGIWCTFGFQTKPUWNCVGF1VJGTJKIJ
VGORGTCVWTGRKRGYQTMOWUVDGENGCTN[OCTMGF
(QTYCVGTEQQNGFOCEJKPGUVJGEQQNKPIYCVGTU[UVGOKPUVCNNGFQWVUKFGVJGOCEJKPGJCUVQDG
RTQVGEVGFD[CUCHGV[FGXKEGYKVJUGVRTGUUWTGCEEQTFKPIVQVJGOCZKOWOEQQNKPIYCVGTKPNGV
RTGUUWTG
+PUVTWEVKQPOCPWCN
+HVJGITQWPFKUPQVNGXGNQTECPDGUWDLGEVVQXCTKCDNGKPENKPCVKQPEQPUWNVVJGOCPWHCEVWTGT
#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG
5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP
#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
+HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
+PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
$GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIQRGTCVKQP
7UGQPN[VJGEQTTGEVV[RGCPFUK\GQHJQUGGPFHKVVKPIUCPFEQPPGEVKQPU9JGPDNQYKPIVJTQWIJC
JQUGQTCKTNKPGGPUWTGVJCVVJGQRGPGPFKUJGNFUGEWTGN[#HTGGGPFYKNNYJKRCPFOC[ECWUG
KPLWT[/CMGUWTGVJCVCJQUGKUHWNN[FGRTGUUWTK\GFDGHQTGFKUEQPPGEVKPIKV
2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
0GXGTQRGTCVGVJGOCEJKPGYJGPVJGTGKUCRQUUKDKNKV[QHVCMKPIKPHNCOOCDNGQTVQZKEHWOGU
XCRQWTUQTRCTVKENGU
+PUVTWEVKQPOCPWCN
0GXGTQRGTCVGVJGOCEJKPGDGNQYQTKPGZEGUUQHKVUNKOKVTCVKPIU
-GGRCNNDQF[YQTMFQQTUUJWVFWTKPIQRGTCVKQP6JGFQQTUOC[DGQRGPGFHQTUJQTVRGTKQFUQPN[
GIVQECTT[QWVTQWVKPGEJGEMU9GCTGCTRTQVGEVQTUYJGPQRGPKPICFQQT
2GQRNGUVC[KPIKPGPXKTQPOGPVUQTTQQOUYJGTGVJGUQWPFRTGUUWTGNGXGNTGCEJGUQTGZEGGFU
F$
#UJCNNYGCTGCTRTQVGEVQTU
2GTKQFKECNN[EJGEMVJCV
#NNIWCTFUCTGKPRNCEGCPFUGEWTGN[HCUVGPGF
#NNJQUGUCPFQTRKRGUKPUKFGVJGOCEJKPGCTGKPIQQFEQPFKVKQPUGEWTGCPFPQVTWDDKPI
6JGTGCTGPQNGCMU
#NNHCUVGPGTUCTGVKIJV
#NNGNGEVTKECNNGCFUCTGUGEWTGCPFKPIQQFQTFGT
5CHGV[XCNXGUCPFQVJGTRTGUUWTGTGNKGHFGXKEGUCTGPQVQDUVTWEVGFD[FKTVQTRCKPV
#KTQWVNGVXCNXGCPFCKTPGVKGRKRGUEQWRNKPIUOCPKHQNFUXCNXGUJQUGUGVECTGKPIQQF
TGRCKTHTGGQHYGCTQTCDWUG
+HYCTOEQQNKPICKTHTQOEQORTGUUQTUKUWUGFKPCKTJGCVKPIU[UVGOUGIVQYCTOWRCYQTMTQQO
VCMGRTGECWVKQPUCICKPUVCKTRQNNWVKQPCPFRQUUKDNGEQPVCOKPCVKQPQHVJGDTGCVJKPICKT
&QPQVTGOQXGCP[QHQTVCORGTYKVJVJGUQWPFFCORKPIOCVGTKCN
0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPUHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
UJCNNDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF
#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT
#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
+PUVTWEVKQPOCPWCN
+HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
+PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
$GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT
#NYC[UYGCTUCHGV[INCUUGU
7UGQPN[VJGEQTTGEVVQQNUHQTOCKPVGPCPEGCPFTGRCKTYQTM
7UGQPN[IGPWKPGURCTGRCTVU
#NNOCKPVGPCPEGYQTMUJCNNQPN[DGWPFGTVCMGPYJGPVJGOCEJKPGJCUEQQNGFFQYP
#YCTPKPIUKIPDGCTKPICNGIGPFUWEJCUYQTMKPRTQITGUUFQPQVUVCTVUJCNNDGCVVCEJGFVQVJG
UVCTVKPIGSWKROGPV
2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
%NQUGVJGEQORTGUUQTCKTQWVNGVXCNXGDGHQTGEQPPGEVKPIQTFKUEQPPGEVKPICRKRG
$GHQTGTGOQXKPICP[RTGUUWTK\GFEQORQPGPVGHHGEVKXGN[KUQNCVGVJGOCEJKPGHTQOCNNUQWTEGUQH
RTGUUWTGCPFTGNKGXGVJGGPVKTGU[UVGOQHRTGUUWTG
0GXGTWUGHNCOOCDNGUQNXGPVUQTECTDQPVGVTCEJNQTKFGHQTENGCPKPIRCTVU6CMGUCHGV[RTGECWVKQPU
CICKPUVVQZKEXCRQWTUQHENGCPKPINKSWKFU
5ETWRWNQWUN[QDUGTXGENGCPNKPGUUFWTKPIOCKPVGPCPEGCPFTGRCKT-GGRFKTVCYC[D[EQXGTKPIVJG
RCTVUCPFGZRQUGFQRGPKPIUYKVJCENGCPENQVJRCRGTQTVCRG
0GXGTYGNFQTRGTHQTOCP[QRGTCVKQPKPXQNXKPIJGCVPGCTVJGQKNU[UVGO1KNVCPMUOWUVDG
EQORNGVGN[RWTIGFGID[UVGCOENGCPKPIDGHQTGECTT[KPIQWVUWEJQRGTCVKQPU0GXGTYGNFQPQT
KPCP[YC[OQFKH[RTGUUWTGXGUUGNU
9JGPGXGTVJGTGKUCPKPFKECVKQPQTCP[UWURKEKQPVJCVCPKPVGTPCNRCTVQHCOCEJKPGKUQXGTJGCVGF
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OGCUWTGFXCNWGCUYGNNCUVJGEQTTGURQPFKPIUJWVFQYPYCTPKPIQTUGTXKEGNGXGNECPDGECNNGFWRD[
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6JGQRVKQP&KURNC[VGUVYKNNDGHQNNQYGFD[CJQTK\QPVCNCTTQY
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6JGMG[.KO
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6QOQFKH[CPWODGTQHRCTCOGVGTU%QPUWNVVJGOGPWHNQYKPUGEVKQP%QPVTQNRTQITCOU
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6QEJGEMXCTKQWUEQORTGUUQTEQPFKVKQPUGIVJGUVCVWUQHVJGHCPOQVQTQXGTNQCFEQPVCEVU
5QOGRCTCOGVGTUECPPQVDGOQFKHKGF
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6KOGDCUGFUVCTVUVQREQOOCPFUHQTVJGEQORTGUUQT
6KOGDCUGFEJCPIGQXGTEQOOCPFUHQTVJGPGVRTGUUWTGDCPF
2TQITCOOKPIUVCTVUVQRCPFRTGUUWTGDCPFEQOOCPFU
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VJGHQNNQYKPIUETGGPCRRGCTU
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VJGHQNNQYKPIUETGGPCRRGCTU
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VQLWORVQVJGHQNNQYKPIVYQFCUJGU7UGVJGUETQNNMG[UVQGPVGT2TGUUVJG
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2TGUUVJGMG[2TQIVQRTQITCOVJGEQOOCPF5VCTV%QORTGUUQT
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VJGJQTK\QPVCNCTTQYKPFKECVGUVJCVVJGUGEQPFNKPGKUCEEGUUKDNG2TGUU
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5VCTV%QORTGUUQT
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6JGVKOGTECPDGFGCEVKXCVGFCICKP+PVJKUECUGVJGRTQITCOOGFUVCTVUVQREQOOCPFU
YKNNPQVDGGZGEWVGF
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7UGVJGCTTQYFQYPMG[
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6WGUFC[
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JQTK\QPVCNCTTQY2TGUUVJGMG[/QFVJGHKTUVVYQFKIKVUQHVJGEQOOCPFUVCTVHNCUJKPI/QFKH[CU
TGSWKTGFWUKPIVJGUETQNNMG[UKGKPVJGGZCORNGCDQXGEJCPIGVQWUKPIVJGCTTQYWRMG[
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VQIQVQVJGPGZVHKGNFVQDGOQFKHKGFVJGOKPWVGUKPFKECVKQP
CPFVJGUVCTVUVQRRTGUUWTGDCPFKPFKECVKQP
2TGUUVJGMG[2TQIVQRTQITCOVJGPGYEQOOCPFQTVJGMG[%CPEVQSWKVYKVJQWVTGRTQITCOOKPI
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5VCTVKPIHTQOVJG/CKPUETGGPRTGUUVJGMG[/GPW
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9CVGTHNQY
NOKP
9CVGTHNQY
EHO
9CVGTVGORGTCVWTGKPNGV
u%
9CVGTVGORGTCVWTGKPNGV
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9CVGTVGORGTCVWTGQWVNGV
u%
9CVGTVGORGTCVWTGQWVNGV
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(QT)#85&
&CVCHQTJKIJVGORGTCVWTGTKUGNQYYCVGTHNQY
CVOCZKOWOURGGF
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9QTMKPIRTGUUWTG
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G
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RUKI
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4GEQXGTCDNGGPGTI[
M9
4GEQXGTCDNGGPGTI[
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9CVGTHNQY
NOKP
9CVGTHNQY
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9CVGTVGORGTCVWTGKPNGV
u%
9CVGTVGORGTCVWTGKPNGV
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9CVGTVGORGTCVWTGQWVNGV
u%
9CVGTVGORGTCVWTGQWVNGV
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9QTMKPIRTGUUWTG
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G
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4GEQXGTCDNGGPGTI[
M9
4GEQXGTCDNGGPGTI[
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9CVGTHNQY
NOKP
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+PUVTWEVKQPOCPWCN
9CVGTHNQY
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9CVGTVGORGTCVWTGKPNGV
u%
9CVGTVGORGTCVWTGKPNGV
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9CVGTVGORGTCVWTGQWVNGV
u%
9CVGTVGORGTCVWTGQWVNGV
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9QTMKPIRTGUUWTG
DCT
G
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4GEQXGTCDNGGPGTI[
M9
4GEQXGTCDNGGPGTI[
JR
9CVGTHNQY
NOKP
9CVGTHNQY
EHO
9CVGTVGORGTCVWTGKPNGV
u%
9CVGTVGORGTCVWTGKPNGV
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9CVGTVGORGTCVWTGQWVNGV
u%
9CVGTVGORGTCVWTGQWVNGV
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9QTMKPIRTGUUWTG
DCT
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4GEQXGTCDNGGPGTI[
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4GEQXGTCDNGGPGTI[
JR
9CVGTHNQY
NOKP
9CVGTHNQY
EHO
9CVGTVGORGTCVWTGKPNGV
u%
9CVGTVGORGTCVWTGKPNGV
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9CVGTVGORGTCVWTGQWVNGV
u%
9CVGTVGORGTCVWTGQWVNGV
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(QT)#85&
(QT)#85&
+PUVTWEVKQPOCPWCN
+PUVCNNCVKQP
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4GHGTGPEG
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FT[GTXGTUKQP
%QPXGTVGTEQQNKPICKTKPNGV
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%QORTGUUGFCKTQWVNGV
15&YCVGTFTCKP
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#KTQWVNGV
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/QVQTCPFEQORTGUUQTEQQNKPICKTKPNGV
2CEM
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9GKIJV
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)#85&WRVQ)#85&
%QORTGUUQTTQQOGZCORNGQH)#85&WRVQ)#85&
6GZVQPFTCYKPI
/KPKOWOHTGGCTGCVQDGTGUGTXGFHQTVJGEQORTGUUQTKPUVCNNCVKQP
%QORTGUUQT
8GPVKNCVKQPRTQRQUCNU
+PUVTWEVKQPOCPWCN
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+PUVCNNVJGEQORTGUUQTWPKVQPCUQNKFNGXGNHNQQTUWKVCDNGHQTVCMKPIVJGYGKIJV
2QUKVKQPQHVJGEQORTGUUGFCKTQWVNGVXCNXG
6JGOCZKOWOVQVCNRKRGNGPIVJ
KPENWFKPIKPVGTEQPPGEVKPIRKRKPIDGVYGGP
EQORTGUUQTCPFTGEGKXGTECPDGECNEWNCVGFCUHQNNQYU
FR
.ZZ3E
FZR
F+PPGTFKCOGVGTQHVJGQWVNGVRKRGKPOO
FR2TGUUWTGFTQR
TGEQOOGPFGFOCZKOWODCTRUK
..GPIVJQHQWVNGVRKRGKPO
R#DUQNWVGRTGUUWTGCVVJGEQORTGUUQTQWVNGVKPDCT
C
3E(TGGCKTFGNKXGT[QHVJGEQORTGUUQTKPNU
8GPVKNCVKQPVJGKPNGVITKFUCPFXGPVKNCVKQPHCPUJQWNFDGKPUVCNNGFKPUWEJCYC[VJCV
CP[TGEKTEWNCVKQPQHEQQNKPICKTVQVJGEQORTGUUQTQTFT[GTKUCXQKFGF6JGOCZKOWO
CKTXGNQEKV[VJTQWIJVJGITKFUKUOU
HVU
6JGOCZKOWOCNNQYCDNGRTGUUWTGFTQRQXGTVJGEQQNKPICKTFWEVUFGRGPFUQPVJG
CODKGPVVGORGTCVWTG%QPUWNV#VNCU%QREQ
6JGOCZKOWOCKTVGORGTCVWTGCVVJGEQORTGUUQTKPVCMGKUu%
u(
OKPKOWO
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TGSWKTGFVQNKOKVVJGEQORTGUUQTTQQOVGORGTCVWTGECPDGECNEWNCVGFCUHQNNQYU
3X0F6HQT)#85&9QTMRNCEG
3X
0
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3X4GSWKTGFXGPVKNCVKQPECRCEKV[KPOU
05JCHVKPRWVQHEQORTGUUQTKPM9
F66GORGTCVWTGKPETGCUGKPEQORTGUUQTTQQO
(QTCNVGTPCVKXGUCPFVJGHCPECRCEKV[UJQWNFOCVEJVJGEQORTGUUQTHCPECRCEKV[
CVCRTGUUWTGJGCFGSWCNVQVJGRTGUUWTGFTQRQXGTVJGCKTFWEVU
6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGTQHVJGFTCKP
EQNNGEVQT#VNCU%QREQJCUQKNYCVGTUGRCTCVQTU
V[RG15&VQUGRCTCVGVJGOCLQT
RCTVQHVJGQKNHTQOVJGEQPFGPUCVGVQGPUWTGVJCVVJGEQPFGPUCVGOGGVUVJG
TGSWKTGOGPVUQHVJGGPXKTQPOGPVCNEQFGU
%QPVTQNOQFWNGYKVJOQPKVQTKPIRCPGN
2QUKVKQPQHVJGOCKPECDNGGPVT[
(KNVGTV[RG&&HQTIGPGTCNRWTRQUG6JGHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQOKETQP
YKVJCOCZQKNECTT[QXGTQHOIO#JKIJGHHKEKGPE[HKNVGTV[RG2&OC[DG
KPUVCNNGFFQYPUVTGCOQHC&&HKNVGT6JKUHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQ
OKETQPYKVJOCZQKNECTT[QXGTQHOIO+HQKNXCRQWTUCPFQFQWTUCTG
WPFGUKTCDNGC3&V[RGHKNVGTUJQWNFDGKPUVCNNGFFQYPUVTGCOQHVJG2&HKNVGT
+VKUTGEQOOGPFGFVQKPUVCNND[RCUURKRGUQXGTGCEJHKNVGTVQIGVJGTYKVJDCNNXCNXGU
KPQTFGTVQKUQNCVGVJGHKNVGTUFWTKPIUGTXKEGQRGTCVKQPUYKVJQWVFKUVWTDKPIVJG
EQORTGUUGFCKTFGNKXGT[
$[RCUUU[UVGOVQD[RCUUVJGFT[GTFWTKPIUGTXKEGQRGTCVKQPU
CXCKNCDNGCUCP
QRVKQPEQPUWNV#VNCU%QREQ
*KIJGHHKEKGPE[YCVGTUGRCTCVQTYJKEJTGOQXGUQHVJGOQKUVWTGKPVJG
EQORTGUUGFCKTYJGPD[RCUUKPIVJGFT[GT
#VVGPVKQP
9QTMKPIYKVJOCEJKPGT[EQPVTQNNGFD[CHTGSWGPE[EQPXGTVGTTGSWKTGUURGEKCNUCHGV[
RTGECWVKQPU6JGUGUCHGV[RTGECWVKQPUFGRGPFQPVJGMKPFQHPGVYQTMWUGF
6066
+6U[UVGO%QPUWNV#VNCU%QREQ
+PUVTWEVKQPOCPWCN
'NGEVTKECNEQPPGEVKQPU
'NGEVTKECNEQPPGEVKQPUHQT)#85&WRVQ)#85&
+PUVTWEVKQPOCPWCN
4GHGTGPEG
&GUKIPCVKQP
%WUVQOGTUKPUVCNNCVKQP
1RVKQP
1RVKQPFT[GT
(QT45EQOOWPKECVKQP
5VCTEQPPGEVKQPCNNQVJGTXQNVCIGU
&GNVCEQPPGEVKQP8*\
&T[GT
RJCUGFT[GT
RJCUGFT[GT
5WRRN[QHFT[GT
1VJGTXQNVCIGU
&GUETKRVKQP
2TQXKFGCPKUQNCVKPIUYKVEJ
%JGEMVJCVVJGOQVQTECDNGUCPFYKTGUKPUKFGVJGGNGEVTKEECDKPGVCTGENCORGFVKIJVVQVJGKT
VGTOKPCNU
%JGEMVJGHWUGU5GGUGEVKQP5GVVKPIUQHHWUGU
%QPPGEVVJGRQYGTUWRRN[ECDNGUVQVGTOKPCNU
CPFQPEQPVCEVQT
-
%QPPGEVVJGGCTVJEQPFWEVQTVQVJGGCTVJDQNV
2'
+PUVTWEVKQPOCPWCN
%QQNKPIYCVGTTGSWKTGOGPVU
)GPGTCN
(QNNQYKPITGSWKTGOGPVUCTGIKXGPCUCIGPGTCNTWNGVQRTGXGPVEQQNKPIYCVGTRTQDNGOU+HKPCP[FQWDV
EQPUWNV#VNCU%QREQ
4GEQOOGPFGFOCZKOC
4GEKTEWNCVKPIU[UVGO
2CUUVJTQWIJU[UVGO
NGUUVJCPOIN
NGUUVJCPOIN
5WNRJCVG
51
NGUUVJCPOIN
NGUUVJCPOIN
6QVCNUQNKFU
NGUUVJCPOIN
NGUUVJCPOIN
5WURGPFGFUQNKFU
CU5K1
NGUUVJCPOIN
NGUUVJCPOIN
(TGGEJQTKPG
%N
NGUUVJCPOIN
NGUUVJCPOIN
#OOQPKC
0*
NGUUVJCPOIN
NGUUVJCPOIN
%QRRGT
NGUUVJCPOIN
NGUUVJCPOIN
+TQP
NGUUVJCPOIN
NGUUVJCPOIN
/CPICPGUG
NGUUVJCPOIN
NGUUVJCPOIN
1Z[IGP
NGUUVJCPOIN
NGUUVJCPOIN
%CTDQPCVGJCTFPGUU
CU%C%1
OIN
OIN
1TICPKEU
-/P1
NGUUVJCPOIN
NGUUVJCPOIN
%JNQTKFG
%N
0QCNICG
0QQKN
4GOCTM
%JNQTKFGCPFUWNRJCVGCTGKPVGTCEVKXG+PRCUUVJTQWIJU[UVGOUVJGUWOQHVJGUSWCTGUOWUVPQVGZEGGF
(QTTGEKTEWNCVKPIU[UVGOUYKVJRTQRGTEQPVTQNUCPFVTGCVOGPVVJGUWOQHVJGUSWCTGUOC[DG
WRVQ0QVGVJCVVJGUWNRJCVGXCNWGOWUVKPENWFGCP[UWNRJKVGRTGUGPV
#FFKVKXGU
+HKVUJQWNFDGPGEGUUCT[VQWUGCFFKVKXGUKPVJGEQQNKPIYCVGTVCMGKPVQCEEQWPVVJCVVJGEQQNKPI
ECRCEKV[YKNNEJCPIG
+PUVTWEVKQPOCPWCN
2KEVQITCRJU
)#85&WRVQ)#85&
2KEVQITCRJU)#85&WRVQ)#85&
4GHGTGPEG
&GUKIPCVKQP
5YKVEJQHHVJGXQNVCIGCPFFGRTGUUWTK\GVJGEQORTGUUQTDGHQTGUVCTVKPI
OCKPVGPCPEGQTTGRCKTU
-GGRVJGFQQTUENQUGFFWTKPIQRGTCVKQP
5YKVEJQHHVJGXQNVCIGDGHQTGTGOQXKPIRTQVGEVKPIEQXGTKPUKFGGNGEVTKEEWDKENG
/CPWCNEQPFGPUCVGFTCKP
#WVQOCVKEEQPFGPUCVGFTCKP
5VQRVJGEQORTGUUQTDGHQTGENGCPKPIVJGEQQNGTU
.KIJVN[QKNVJGICUMGVQHVJGQKNHKNVGTUETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHC
VWTP
9CTPKPIXQNVCIG
%QPUWNVKPUVTWEVKQPDQQMDGHQTGITGCUKPI
$GHQTGEQPPGEVKPIVJGEQORTGUUQTGNGEVTKECNN[EQPUWNVVJG+PUVTWEVKQPDQQMHQTVJG
OQVQTTQVCVKQPFKTGEVKQP
%QORTGUUQTTGOCKPURTGUUWTK\GFHQTUGEQPFUCHVGTUYKVEJKPIQHHVJGXQNVCIG
6QTSWGUHQTUVGGN
(GQTDTCUU
%W<PDQNVU
5YKVEJQHHVJGXQNVCIGCPFYCKVCVNGCUVOKPWVGUDGHQTGTGOQXKPIVJGUETGGP
0Q\\NGRQUKVKQPTGITGCUKPIQTCWVQOCVKEQRGTCVKQP
+PUVTWEVKQPOCPWCN
1RGTCVKPIKPUVTWEVKQPU
$GHQTGKPKVKCNUVCTVWR
5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPVUCHGV[RTGECWVKQPUKPENWFKPIVJQUGOGPVKQPGFKP
VJKUDQQM
1WVFQQTCNVKVWFGQRGTCVKQP
+HVJGEQORTGUUQTKUKPUVCNNGFQWVFQQTUQTKHVJGCKTKPNGVVGORGTCVWTGECPDGDGNQYu%u(
RTGECWVKQPUOWUVDGVCMGP+PVJKUECUGCPFCNUQKHQRGTCVKPICDQXGO
HVEQPUWNV#VNCU
%QREQ
/QXKPINKHVKPI
6JGEQORTGUUQTECPDGOQXGFD[CNKHVVTWEMWUKPIVJGUNQVUKPVJGHTCOG6CMGECTGPQVVQFCOCIGVJG
DQF[YQTMFWTKPINKHVKPIQTVTCPURQTV$GHQTGNKHVKPITGKPUVCNNVJGVTCPURQTVUGEWTKPIDQNVU
5GGUGEVKQP+PKVKCNUVCTVWR
/CMGUWTGVJCVVJGHQTMURTQVTWFGHTQOVJGQVJGTUKFGQHVJGHTCOG6JGEQORTGUUQTECPCNUQDGNKHVGF
CHVGTKPUGTVKPIDGCOUKPVQVJGUNQVU/CMGUWTGVJCVVJGDGCOUECPPQVUNKFGCPFVJCVVJG[RTQVTWFGHTQO
VJGHTCOGGSWCNN[6JGEJCKPUOWUVDGJGNFRCTCNNGNVQVJGDQF[YQTMD[EJCKPURTGCFGTUKPQTFGTPQVVQ
FCOCIGVJGEQORTGUUQT6JGNKHVKPIGSWKROGPVOWUVDGRNCEGFKPUWEJCYC[VJCVVJGEQORTGUUQTYKNN
DGNKHVGFRGTRGPFKEWNCTN[.KHVUOQQVJN[CPFCXQKFVYKUVKPI
+PKVKCNUVCTVWR
5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU#NUQEQPUWNVUGEVKQP2TQDNGO
UQNXKPI
2TQEGFWTG
(QTVJGRQUKVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPUUGGUGEVKQPU
+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO
+PUVTWEVKQPOCPWCN
6TCPURQTVHKZVWTGUQH)#85&WRVQ)#85&
2QUKVKQPQHQKNNGXGNUKIJVINCUUQP)#85&WRVQ)#85&
+PUVTWEVKQPOCPWCN
'NGEVTKEECDKPGVQH)#85&WRVQ)#85&V[RKECNGZCORNG
%QPUWNVVJGUGEVKQPU'NGEVTKEECDNGUK\G+PUVCNNCVKQPRTQRQUCNUCPF&KOGPUKQPFTCYKPIU
6JGHQNNQYKPIVTCPURQTVHKZVWTGURCKPVGFTGFOWUVDGTGOQXGF
$QNVU
$WUJGU
5WRRQTVU
4GOQXGVJGTGFRCKPVGFDWUJGUHTQODQVJIGCTECUKPIUWRRQTVUCPFDQVJCKTTGEGKXGTUWRRQTVU
%JGEMVJCVVJGGNGEVTKECNEQPPGEVKQPUEQTTGURQPFVQVJGNQECNEQFGUCPFVJCVCNNYKTGUCTG
ENCORGFVKIJVVQVJGKTVGTOKPCNU
6JGKPUVCNNCVKQPOWUVDGGCTVJGFCPFRTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUQHVJGKPGTVV[RGKP
CNNRJCUGU#PKUQNCVKPIUYKVEJOWUVDGKPUVCNNGFPGCTVJGEQORTGUUQT
%JGEMVJGXQNVCIGUGNGEVKPIYKTGUCVVJGRTKOCT[UKFGQHVTCPUHQTOGTU
6
%JGEMVJGUGVVKPIQHEKTEWKVDTGCMGT
3#NUQEJGEMVJCVVJGUYKVEJQPVJGEKTEWKVDTGCMGTKUKP
RQUKVKQP+
(KVVJGCKTQWVNGVXCNXG
#8UGGUGEVKQP+PVTQFWEVKQPHQTVJGRQUKVKQPQHVJGXCNXG
%NQUGVJGXCNXG
%QPPGEVVJGCKTPGVVQVJGXCNXG
1PEQORTGUUQTUGSWKRRGFYKVJCFT[GTD[RCUUHKVVJGCKTQWVNGVXCNXGVQVJGFT[GTD[RCUURKRG
(KVVJGOCPWCNEQPFGPUCVGFTCKPXCNXG
&O
%NQUGVJGXCNXG
(QT)#85&WRVQ)#85&(WNN(GCVWTGHKVVJGOCPWCNEQPFGPUCVGFTCKPXCNXG
&O
%NQUGVJGXCNXG
+PUVTWEVKQPOCPWCN
%QPPGEVVJGOCPWCNCPFCWVQOCVKEEQPFGPUCVGFTCKPQWVNGVUVQCFTCKPEQNNGEVQT5GGUGEVKQP
%QPFGPUCVGU[UVGOCPFKPECUGQHCP15&UGGUGEVKQP+PUVCNNCVKQP
(QT)#85&WRVQ)#85&(WNN(GCVWTGCNUQEQPPGEVVJGOCPWCNCPFCWVQOCVKEFTCKPQH
VJGFT[GTVQCFTCKPEQNNGEVQT
6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGT(QTFTCKPKPIQHRWTG
EQPFGPUCVGYCVGTKPUVCNNCPQKNYCVGTUGRCTCVQTYJKEJKUCXCKNCDNGHTQO#VNCU%QREQCUCP
QRVKQPUGGUGEVKQP15&WPKV+HVJGRKRGUJCXGDGGPHKVVGFQWVUKFGVJGTQQOYJGTGHTGG\KPIKU
RQUUKDNGVJG[OWUVDGKPUWNCVGF
%JGEMVJGQKNNGXGN
6JGRQKPVGTQHVJGNGXGNICWIG
)NUJQWNFTGIKUVGTKPVJGWRRGTHKGNFQHVJGITGGPQTKPVJGQTCPIG
TCPIG
9JGTGCRRNKECDNGRTQXKFGNCDGNUYCTPKPIVJGQRGTCVQTVJCV
6JGEQORTGUUQTOC[TGUVCTVCWVQOCVKECNN[CHVGTXQNVCIGHCKNWTG
KHCEVKXCVGFEQPUWNV#VNCU
%QREQ
6JGEQORTGUUQTKUCWVQOCVKECNN[EQPVTQNNGFCPFOC[DGTGUVCTVGFCWVQOCVKECNN[
6JGEQORTGUUQTOC[DGTGOQVGN[EQPVTQNNGF
5YKVEJQPVJGXQNVCIG5VCTVVJGEQORTGUUQTCPFUVQRKVKOOGFKCVGN[
1PCKTEQQNGFEQORTGUUQTUEJGEMVJGTQVCVKQPFKTGEVKQPQHVJGHCPOQVQT4QVCVKQPCTTQYU
XKUKDNGVJTQWIJVJGITCVKPIKPVJGTQQHCTGRTQXKFGFQPVJGHCPRNCVG+HVJGTQVCVKQPFKTGEVKQPKU
YTQPIQRGPVJGKUQNCVKPIUYKVEJKPVJGXQNVCIGUWRRN[NKPGUYKVEJQHHVJGXQNVCIGCPFTGXGTUG
VYQKPEQOKPIGNGEVTKENKPGU
%JGEMVJGTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQT
/YJKNGVJGOQVQTKUEQCUVKPIVQCUVQRVJG
EQTTGEVFKTGEVKQPKUKPFKECVGFD[CPCTTQYQPVJGIGCTECUKPI+HVJGTQVCVKQPFKTGEVKQPKUYTQPI
UVQRVJGOQVQTQRGPVJGKUQNCVKPIUYKVEJKPVJGXQNVCIGUWRRN[NKPGCPFTGXGTUGVYQKPEQOKPI
EQPPGEVKQPUQPVJGFTKXGOQVQT
%JGEMVJGRTQITCOOGFUGVVKPIU%QPUWNVUGEVKQP2TQITCOOCDNGUGVVKPIU
5VCTVCPFTWPVJGEQORTGUUQTHQTCHGYOKPWVGU%JGEMVJCVVJGEQORTGUUQTQRGTCVGUPQTOCNN[
$GHQTGUVCTVKPI
4GOCTMU
+HVJGEQORTGUUQTJCUPQVTWPHQTVJGRCUVOQPVJUKVKUUVTQPIN[TGEQOOGPFGF
VQKORTQXGVJGNWDTKECVKQPQHVJGEQORTGUUQTGNGOGPVCVUVCTVKPI
.QQUGPVJGJQUGENKR
CPFFKUEQPPGEVVJGKPNGVJQUG
1P)#85&WRVQ)#85&RQWTN
75ICN+ORICNQH
QKNKPVQVJGKPNGVCTTGUVQT
4GKPUVCNNVJGKPNGVJQUG
+PUVTWEVKQPOCPWCN
2QUKVKQPQHKPNGVCTTGUVQTQP)#85&WRVQ)#85&
2TQEGFWTG
5GGUGEVKQP+PKVKCNUVCTVWRHQTNQECVKQPQHVJGQKNU[UVGOEQORQPGPVU
%JGEMVJGQKNNGXGN
)NVQRWRKHPGEGUUCT[6JGRQKPVGTUJQWNFDGKPVJGWRRGTHKGNFQHVJGITGGP
TCPIGQTKPVJGQTCPIGTCPIG+HVJGRQKPVGTTGIKUVGTUKPVJG.19TCPIGFGRTGUUWTK\GVJGQKN
U[UVGO
UGGUGEVKQP2TQDNGOUQNXKPI9CKVWPVKNVJGEQORTGUUQTJCUFGRTGUUWTK\GF7PUETGYVJG
QKNHKNNGTRNWI
(%QPN[QPGVWTPVQRGTOKVCP[RTGUUWTGKPVJGU[UVGOVQGUECRG4GOQXGVJGHKNNGT
ECRCPFCFFQKNWPVKNVJGNGXGNTGCEJGUVJGHKNNGTPGEM6KIJVGPVJGRNWI
+HVJGTGFRCTVQHVJGCKTHKNVGTUGTXKEGKPFKEVQTUJQYUHWNNQWVTGRNCEGVJGCKTHKNVGTGNGOGPV4GUGV
VJGUGTXKEGKPFKECVQT
8+D[RWUJKPIVJGMPQDKPVJGGZVTGOKV[QHVJGDQF[CPFTGUGVVJGUGTXKEG
YCTPKPIUGGUGEVKQP5GTXKEGOGPW
5VCTVKPI
2TQEGFWTG
(QTVJGRQUKVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPU
5GGUGEVKQPU+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO
+PUVTWEVKQPOCPWCN
%QPVTQNRCPGN
5YKVEJQPVJGXQNVCIG%JGEMVJCVXQNVCIGQP.'&
NKIJVUWR6JGOGUUCIG%QORTGUUQTQHH
CRRGCTU
1RGPCKTQWVNGVXCNXG
#8
%NQUGEQPFGPUCVGFTCKPXCNXG
&O
1P)#85&WRVQ)#85&(WNN(GCVWTGCNUQENQUGEQPFGPUCVGFTCKPXCNXG
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5GTXKEGOGPW
6JGEQORTGUUQTECPDGRWVKPVQQRGTCVKQPCICKPD[RTGUUKPIVJGUVCTVDWVVQP
1KNURGEKHKECVKQPU
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VJGQKNOKZYKNNJCXGKPHGTKQTRTQRGTVKGU#NCDGNKPFKECVKPIVJGV[RGQHQKNHKNNGFGZ
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GZVGPUKXGHKGNFGZRGTKGPEGCPFTGUGCTEJKPQWTNCDU5GGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNGHQT
TGRNCEGOGPVKPVGTXCNUCPFUGEVKQP5GTXKEG-KVUHQTRCTVPWODGTKPHQTOCVKQP
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/KPKOWOOQVQTUJCHVURGGF
TRO
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u(
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u(
0QOKPCNOQVQTTCVKPI
M9
0QOKPCNOQVQTTCVKPI
JR
4C
4C
4C
4GHTKIGTCPVV[RG9QTMRNCEG(WNN(GCVWTG
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
MI
+PUVTWEVKQPOCPWCN
7PKV
DCT
RUK
DCT
RUK
DCT
RUK
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
ND
1KNECRCEKV[CRRTQZ
1KNECRCEKV[CRRTQZ
75ICN
1KNECRCEKV[CRRTQZ
+ORICN
1KNECRCEKV[CRRTQZ
EWHV
7PKV
DCT
RUK
DCT
RUK
DCT
RUK
*\
5QWPFRTGUUWTGNGXGN9QTMRNCEGCPF
F$
#
9QTMRNCEG(WNN(GCVWTG
CEEQTFKPIVQ+51
)#85&
(TGSWGPE[
0WODGTQHEQORTGUUKQPUVCIGU
0QTOCNGHHGEVKXGYQTMKPIRTGUUWTG
DCT
G
0QTOCNGHHGEVKXGYQTMKPIRTGUUWTG
RUKI
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG
DCT
G
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG
RUKI
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG(WNN(GCVWTG
DCT
G
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG(WNN(GCVWTG
RUKI
/CZKOWOOQVQTUJCHVURGGF
TRO
/KPKOWOOQVQTUJCHVURGGF
TRO
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u(
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u(
0QOKPCNOQVQTTCVKPI
M9
0QOKPCNOQVQTTCVKPI
JR
4C
4C
4C
4GHTKIGTCPVV[RG9QTMRNCEG(WNN(GCVWTG
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
MI
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
ND
+PUVTWEVKQPOCPWCN
7PKV
DCT
RUK
DCT
RUK
DCT
RUK
1KNECRCEKV[CRRTQZ
1KNECRCEKV[CRRTQZ
75ICN
1KNECRCEKV[CRRTQZ
+ORICN
1KNECRCEKV[CRRTQZ
EWHV
7PKV
DCT
RUK
DCT
RUK
DCT
RUK
*\
5QWPFRTGUUWTGNGXGN9QTMRNCEGCPF
F$
#
9QTMRNCEG(WNN(GCVWTG
CEEQTFKPIVQ+51
)#85&
(TGSWGPE[
0WODGTQHEQORTGUUKQPUVCIGU
0QTOCNGHHGEVKXGYQTMKPIRTGUUWTG
DCT
G
0QTOCNGHHGEVKXGYQTMKPIRTGUUWTG
RUKI
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG
DCT
G
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG
RUKI
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG(WNN(GCVWTG
DCT
G
/CZKOWOGHHGEVKXGYQTMKPIRTGUUWTG
9QTMRNCEG(WNN(GCVWTG
RUKI
/CZKOWOOQVQTUJCHVURGGF
TRO
/KPKOWOOQVQTUJCHVURGGF
TRO
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG
u(
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u%
6GORGTCVWTGQHCKTNGCXKPIQWVNGVXCNXG
CRRTQZ9QTMRNCEG(WNN(GCVWTG
u(
0QOKPCNOQVQTTCVKPI
M9
0QOKPCNOQVQTTCVKPI
JR
4C
4C
4C
4GHTKIGTCPVV[RG9QTMRNCEG(WNN(GCVWTG
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
MI
6QVCNCOQWPV
TGHTKIGTCPV9QTMRNCEG
(WNN(GCVWTG
ND
+PUVTWEVKQPOCPWCN
7PKV
DCT
RUK
DCT
RUK
DCT
RUK
1KNECRCEKV[CRRTQZ
1KNECRCEKV[CRRTQZ
75ICN
1KNECRCEKV[CRRTQZ
+ORICN
1KNECRCEKV[CRRTQZ
EWHV
5QWPFRTGUUWTGNGXGN9QTMRNCEGCPF
F$
#
9QTMRNCEG(WNN(GCVWTG
CEEQTFKPIVQ+51
+PUVTWEVKQPOCPWCN
+PUVTWEVKQPUHQTWUGQHCKTTGEGKXGT
#KTTGEGKXGTKPUVTWEVKQPU
+PUVTWEVKQPU
6JKUXGUUGNECPEQPVCKPRTGUUWTKUGFCKTVJKUECPDGRQVGPVKCNN[FCPIGTQWUKHVJG
GSWKROGPVKUOKUWUGF
6JKUXGUUGNOWUVQPN[DGWUGFCUCEQORTGUUGFCKTQKNUGRCTCVQTCPFOWUVDGQRGTCVGF
YKVJKPVJGNKOKVUURGEKHKGFQPVJGFCVCRNCVG
0QCNVGTCVKQPUOWUVDGOCFGVQVJKUXGUUGND[YGNFKPIFTKNNKPIQTCP[QVJGTOGEJCPKECN
OGVJQFUYKVJQWVVJGYTKVVGPRGTOKUUKQPQHVJGOCPWHCEVWTGT
6JGRTGUUWTGCPFVGORGTCVWTGQHVJKUXGUUGNOWUVDGENGCTN[KPFKECVGF
6JGUCHGV[XCNXGOWUVEQTTGURQPFYKVJRTGUUWTGUWTIGUQHVKOGUVJGOCZKOWO
CNNQYCDNGQRGTCVKPIRTGUUWTG+VUJQWNFIWCTCPVGGVJCVVJGRTGUUWTGYKNNPQV
RGTOCPGPVN[GZEGGFVJGOCZKOWOCNNQYCDNGQRGTCVKPIRTGUUWTGQHVJGXGUUGN
7UGQPN[QKNCUURGEKHKGFD[VJGOCPWHCEVWTGT
6JKUXGUUGNJCUDGGPFGUKIPGFCPFDWKNVVQIWCTCPVGGCPQRGTCVKQPCNNKHVGVKOGKPGZEGUU
QH[GCTUCPFCPKPHKPKVGPWODGTQHRTGUUWTGNQCFE[ENGU6JGTGKUPQKPVTKPUKEPGGF
HQTKPUGTXKEGKPURGEVKQPQHVJGXGUUGNYJGPWUGFYKVJKPVJGFGUKIPNKOKVUHQTKVU
KPVGPFGFCRRNKECVKQP*QYGXGTPCVKQPCNNGIKUNCVKQPOC[TGSWKTGKPUGTXKEGKPURGEVKQP
1TKIKPCNDQNVUJCXGVQDGWUGFCHVGTQRGPKPIHQTKPURGEVKQP6JGOCZKOWOVQTSWGJCUVQ
DGVCMGPKPVQEQPUKFGTCVKQPHQT/DQNVU0O
NDHHV
HQT/
DQNVU0O
NDHHV
+PUVTWEVKQPOCPWCN
)WKFGNKPGUHQTKPURGEVKQP
)WKFGNKPGUHQTKPURGEVKQP
)WKFGNKPGU
1PVJG&GENCTCVKQPQH%QPHQTOKV[&GENCTCVKQPD[VJG/CPWHCEVWTGTVJGJCTOQPKUGFCPFQTQVJGT
UVCPFCTFUVJCVJCXGDGGPWUGFHQTVJGFGUKIPCTGUJQYPCPFQTTGHGTTGFVQ
6JG&GENCTCVKQPQH%QPHQTOKV[&GENCTCVKQPD[VJG/CPWHCEVWTGTKURCTVQHVJGFQEWOGPVCVKQPVJCVKU
UWRRNKGFYKVJVJKUEQORTGUUQT
.QECNNGICNTGSWKTGOGPVUCPFQTWUGQWVUKFGVJGNKOKVUCPFQTEQPFKVKQPUCUURGEKHKGFD[#VNCU%QREQOC[
TGSWKTGQVJGTKPURGEVKQPRGTKQFUCUOGPVKQPGFDGNQY
+PUVTWEVKQPOCPWCN
2'&
2TGUUWTGGSWKROGPVFKTGEVKXGU
%QORQPGPVUUWDLGEVVQ'%2TGUUWTG'SWKROGPV&KTGEVKXG
6JGHQNNQYKPIVCDNGEQPVCKPUVJGPGEGUUCT[KPHQTOCVKQPHQTVJGKPURGEVKQPQHCNNRTGUUWTGGSWKROGPVQH
ECVGIQT[++CPFJKIJGTCEEQTFKPIVQVJG2TGUUWTG'SWKROGPV&KTGEVKXG'%CPFCNNRTGUUWTG
GSWKROGPVCEEQTFKPIVQVJG5KORNG2TGUUWTG8GUUGN&KTGEVKXG''%
%QORQPGPVUUWDLGEVVQ'%2TGUUWTG'SWKROGPV&KTGEVKXGITGCVGTVJCPQTGSWCNVQECVGIQT[++
2CTVPWODGT
&GUETKRVKQP
8QNWOG
&GUKIP
RTGUUWTG
/KPCPFOCZ
FGUKIP
VGORGTCVWTG
2'&%NCUU
5CHGV[XCNXG
+8
5CHGV[XCNXG
+8
5CHGV[XCNXG
+8
8GUUGN
N
DCT
G
u%u%
++
5CHGV[XCNXG
2CTVPWODGT
&GUETKRVKQP
+8
0WODGTQH
E[ENGU
5CHGV[XCNXG
5CHGV[XCNXG
5CHGV[XCNXG
8GUUGN
Z
[GCTU
[GCTU
5CHGV[XCNXG
6JGPWODGTQHE[ENGUTGHGTUVQVJGPWODGTQHE[ENGUHTQODCT
GVQOCZKOWORTGUUWTG
1VJGTKPURGEVKQPVGEJPKSWGUUWEJCUWNVTCUQPKEQT:TC[CTGGSWKXCNGPVVQJ[FTQUVCVKEVGUVKPIHQTVJKU
GSWKROGPV
1XGTCNNTCVKPI
6JGEQORTGUUQTUCTGEQPHQTOVQ2'&ECVGIQT[++
Instruction Book