Recoil User Manual - Mossbauer Spectral Analysis Software For Windows

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Recoil User Manual -- Mossbauer spectral analysis software for Windows
Book · January 1998
CITATIONS READS
114 928
2 authors, including:
D. G. Rancourt
University of Toronto
138 PUBLICATIONS 3,770 CITATIONS
SEE PROFILE
Some of the authors of this publication are also working on these related projects:
I'm trying to know how the world works, the foundational elements View project
Ab Initio Mossbauer Parameter Calculations (MSc & PhD) View project
All content following this page was uploaded by D. G. Rancourt on 16 June 2015.
The user has requested enhancement of the downloaded file.

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VJG'()JCUCPCZKCNU[OOGVT[CPF
2*S
VJG*JHFKTGEVKQPKUCNQPIVJG\CZKUQHVJG'()VGPUQTEQQTFKPCVGU[UVGO
%JCRVGT
#PCN[UKU/QFGNU
4GEQKNKURTKOCTKN[CRTQITCOWUGFVQCPCN[UG/ÌUUDCWGTURGEVTCWUKPIXCTKQWUOQFGNU6JKUEJCRVGTKU
FGFKECVGFVQDTKGHN[FGUETKDKPICPFGZRNCKPKPIVJGCPCN[UKUOGVJQFU6JGHKNGHQTOCVUCTGCNUQGZRNCKPGFHQT
TGHGTGPEGRWTRQUGUVJGRWDNKUJGFUEKGPVKHKECTVKENGUTGNGXCPVVQGCEJOGVJQFCTGNKUVGF
8QKIV2GCM(KV
+PEGTVCKPECUGUCURGEKHKEHWNNURGEVTWOCPCN[UKUKUGKVJGTWPYCPVGFQTWPPGEGUUCT[+PUVGCFKVECPDGWUGHWN
VQHKVKPFKXKFWCNRGCMUVQ8QKIVNKPGUJCRGUVQIGVVJGKTKPFKXKFWCNEJCTCEVGTKUVKEU6JCVKUVJGRWTRQUGQHVJKU
CPCN[UKUOQFGN+PCFFKVKQPVJGCNIQTKVJOVQRGTHQTOEQTTGEVKQPUQHVJKEMPGUUGHHGEVUTGSWKTGUVJGURGEVTWOVQ
DGTGRTGUGPVGFD[CUWOQH8QKIVRGCMUCPFVJGTGHQTGTGSWKTGUVJCVVJG8QKIVRGCMOQFGNDGCRRNKGFVQVJG
TCYHQNFGFFCVCCUCHKTUVUVGR
5KPEGVJG8QKIVNKPGUJCRGKUVJGEQPXQNWVKQPQHC)CWUUKCPCPFC.QTGPV\KCPHWPEVKQPCRWTG.QTGPV\KCPNKPG
UJCRGECPDGOQFGNNGFD[UGVVKPIVJG)CWUUKCPYKFVJVQ6JKUKUVJGRTQEGFWTGKHHKVUWUKPIKPFKXKFWCN
.QTGPV\KCPUCTGTGSWKTGF
C 6JKUOQFGNOCMGUPQCUUWORVKQPQPVJGRGCMRCTCOGVGTUGZEGRVVJCVVJG.QTGPV\KCP*9*/OWUVDG
NCTIGTVJCPVJG*GKUGPDGTI*9*/QHVJGUQWTEG
HQTRJ[UKECNTGCUQPUVJKUKUCNYC[UVTWGKPCTGCN
URGEVTWO6JKUTGUVTKEVKQPKURWTGN[OCVJGOCVKECNCPFKUFWGVQVJGHCEVVJCVC.QTGPV\KCPQH*9*/GSWCN
VQVJG*GKUGPDGTI*9*/OWUVDGFGEQPXQNWVGFHTQOVJGHKVVGFURGEVTWO
/QFGN2CTCOGVGTU
)NQDCN2CTCOGVGTU
$CEMITQWPF
KPEQWPVURGT VJGKPVGTEGRVQHVJGQHHTGUQPCPEGDCEMITQWPFQHVJGURGEVTWO
EJCPPGN
EQPUVCPVVGTO
DMIUNQRG
KPEQWPVURGT VJGUNQRGQHVJGQHHTGUQPCPEGDCEMITQWPFYKVJTGURGEVVQVJG
EJCPPGN
OOU &QRRNGTXGNQEKV[
NKPGCTVGTO
DMIEWTXCVWTG
KPEQWPVURGT VJGEWTXCVWTGQHVJGQHHTGUQPCPEGDCEMITQWPFYKVJTGURGEVVQ
EJCPPGN
OOU VJG&QRRNGTXGNQEKV[
SWCFTCVKEVGTO
4GEQKN4GHGTGPEG
2GCM2CTCOGVGTU
RCTCOGVGTUHQTGCEJUKVG
Z
KPOOU VJGRGCMRQUKVKQP
JYJO
KPOOU VJG*9*/QHVJG.QTGPV\KCPEQPVTKDWVKQPVQVJGRGCM
UKIOC
KPOOU VJGYKFVJQHVJG)CWUUKCPEQPVTKDWVKQPVQVJGRGCM
#TGC
KPEQWPVOOU URGEVTCNCTGCQHVJGRGCM
4GHGTGPEGU
L 2WGTVC,CPF/CTVKP26JTGGCPFHQWTIGPGTCNK\GF.QTGPV\KCPCRRTQZKOCVKQPUHQTVJG8QKIVNKPGUJCRG
#RRN1RV

6JKUCTVKENGFGUETKDGUVJGPWOGTKECNCRRTQZKOCVKQPWUGFKP4GEQKNVQIGPGTCVGC8QKIVNKPGUJCRG
5GXGTCNV[RQITCRJKECNGTTQTUYGTGTGRQTVGFKP4CPEQWTV&),;0WEN+PUVTWO/GVJ2J[U4GU
$

L 2TGUU9*6GWMQNUM[5#8GVVGTNKPI96CPF(NCPPGT[$TKCP20WOGTKECNTGEKRGUKP%VJGCTVQH
UEKGPVKHKEEQORWVKPIPFGFKVKQP%CODTKFIG7PKXGTUKV[2TGUU

6JKUTGHGTGPEGKUVJGUVCTVKPIRQKPVHQTVJGHKVVKPICNIQTKVJOUCPFGTTQTCPCN[UKUOGVJQFU
EJCRVGT
4GCFVJKUTGHGTGPEGHQTCFKUEWUUKQPQPGTTQTCPCN[UKU
(KNG(QTOCV
4GEQKNWUGUVJGXQHGZVGPUKQPVQFGPQVGHKNGUHTQOVJKUV[RGQHCPCN[UKU6JQWIJKVECPTGCF/15/1&RCX
HKNGUVJGPGYHQTOCVKUSWKVGFKHHGTGPVFWGVQVJGKORNGOGPVCVKQPFKHHGTGPEGU
6JGHKTUVNKPGUVCVGUVJGV[RGQHHKNGYKVJCXGTUKQPKFGPVKHKGT6JGHQNNQYKPIKUCFGUETKRVKQPQHXGTUKQPQH
VJGHKNGHQTOCV
5HFRLO9RLJW3HDN)LWY
'RFQDPH
'DWDQDPH
ENJVLJBENJILWBENJ
ENJOVLJBENJOILWBENJO
ENJTVLJBENJTILWBENJT
FKLVT
XQFHUWDLQWLHVBPHWKRG
>3HDN/LVW@
QXPBSHDNV
SHDNB

>&RPPHQW@
FRPPHQW

HQGFRPPHQW
'CEJRGCMKUHQTOCVVGFCUHQNNQYU
[VLJB[ILWB[
KZKPVLJBKZKPILWBKZKP
VLJPDVLJBVLJPDILWBVLJPD
$UHDVLJB$UHDILWB$UHD
+PCNNECUGUVLJBSTGRTGUGPVUVJGEQPHKFGPEGKPVGTXCNQPRCTCOGVGTSCPFILWBSKVUHKVVKPIUVCVWU
KH
HTQ\GPKHCFLWUVGF
.QTGPV\KCP/WNVKRNGV#PCN[UKU
6JG.QTGPV\KCPOWNVKRNGVCPCN[UKUKUCUVCPFCTFCPCN[UKUVJCVRGTOKVUVJGWUGTVQHKVUGXGTCN.QTGPV\KCPUKPINGVU
FQWDNGVUQTUGZVGVUEQTTGURQPFKPIVQRCTCOCIPGVKEUKVGUYKVJQTYKVJQWVCSWCFTWRQNGURNKVVKPICPFUKVGUYKVJ
COCIPGVKEJ[RGTHKPGHKGNFCPFCSWCFTWRQNGUJKHV
YKVJKPVJGHKTUVQTFGTRGTVWTDCVKQPNKOKV
C VJKUOQFGNCUUWOGUVJGJ[RGTHKPGKPVGTCEVKQPUCTGGHHGEVKXGN[UVCVKE
C VJKUOQFGNCUUWOGUVJCVVJGQDUGTXGFNKPGUJCRGUECPDGOQFGNNGFCU.QTGPV\KCPNKPGU6JKUOC[PQVDG
VJGECUGHQTVJKEMCDUQTDGTUQTKPVJGRTGUGPEGQHPQP.QTGPV\KCPJ[RGTHKPGRCTCOGVGTFKUVTKDWVKQPU+H
UWEJKPJQOQIGPGQWUDTQCFGPKPIQEEWTUVJG8$(
UGEVKQPQTZ8$(
UGEVKQPOGVJQFUUJQWNFDG
WUGFVQKPENWFGCTDKVTCTKN[UJCRGFJ[RGTHKPGRCTCOGVGTFKUVTKDWVKQPU
C HQTOCIPGVKEUKVGUVJGHKTUVQTFGTRGTVWTDCVKQPTGUWNVKUWUGFUQVJGSWCFTWRQNGUJKHVUJQWNFDGOWEJ
G S3
UOCNNGTVJCPVJGOCIPGVKE<GGOCPURNKVVKPI
n I (z0*JH QT[QWOC[CUUWOGVJCV*JHKUCNKIPGF
CNQPIVJG'()\CZKUCPFVJCVVJG'()JCUCPCZKCNU[OOGVT[0

C PQVJKEMPGUUGHHGEVUCTGVCMGPKPVQCEEQWPVUQVJGRGCMYKFVJUQDVCKPGFD[VJKUOGVJQFYKNNFGRGPFQP
VJGCDUQTDGTVJKEMPGUU+HCDUQNWVG
KPVTKPUKEYKFVJUCTGFGUKTGFVJKEMPGUUEQTTGEVKQPUJQWNFDG
RGTHQTOGFQTCVJKPCDUQTDGT
VCnUJQWNFDGWUGF
/QFGN2CTCOGVGTU
)NQDCN2CTCOGVGTU
$CEMITQWPF
KPEQWPVU VJGQHHTGUQPCPEGDCEMITQWPFQHVJGURGEVTWO
5KPINGV5KVGU
%5
KPOOU VJGEGPVGTUJKHV
#TGC
KPEQWPVUOOU VQVCNURGEVTCNCTGCQHVJGUKVG
RTQRQTVKQPCNVQVJGUKVGRQRWNCVKQP
Y
KPOOU VJG*9*/QHVJGRGCM
&QWDNGV5KVGU
%5
35
KPOOU VJGSWCFTWRQNGURNKVVKPI
∆
#TGC
##
PQWPKVU VJGTCVKQQHVJGURGEVTCNCTGCUQHVJGNQYXGNQEKV[RGCMVQVJGJKIJXGNQEKV[
RGCM
Y
KPOOU VJG*9*/QHVJGJKIJXGNQEKV[RGCM
4GEQKN4GHGTGPEG
YY
PQWPKVU VJGTCVKQQHVJG*9*/UQHVJGNQYXGNQEKV[RGCMVQVJGJKIJXGNQEKV[
RGCM
5GZVGV5KVGU
%5
GRUKNQP
KPOOU VJGSWCFTWRQNGUJKHV
ε
\
KPOOUQT VJGJ[RGTHKPG<GGOCPURNKVVKPI
Iµ0*QTVJGJ[RGTHKPGOCIPGVKEHKGNF
*
KP6QTM1G
#TGC
##
PQWPKVU TCVKQQHVJGURGEVTCNCTGCUQHRGCMVQRGCM
##
PQWPKVU TCVKQQHVJGURGEVTCNCTGCUQHRGCMVQRGCM
Y
OOU VJG*9*/QHRGCMUCPF
YY
PQWPKVU VJGTCVKQQHVJG*9*/UQHRGCM
CPFVQRGCM
CPF
YY
PQWPKVU VJGTCVKQQHVJG*9*/UQHRGCM
CPFVQRGCM
CPF
4GHGTGPEGU
C 2TGUU9*6GWMQNUM[5#8GVVGTNKPI96CPF(NCPPGT[$TKCP20WOGTKECNTGEKRGUKP%VJGCTVQH

EJCRVGT
(KNG(QTOCV
4GEQKNWUGUVJGNQTGZVGPUKQPVQFGPQVGHKNGUQHVJKUV[RGQHCPCN[UKU6JQWIJKVECPTGCF/15/1&RCNHKNGU
VJGPGYHQTOCVKUSWKVGFKHHGTGPVFWGVQVJGKORNGOGPVCVKQPFKHHGTGPEGU
VJGHKNGHQTOCV
5HFRLO/RUHQW]LDQ6LWH$QDO\VLVY
'RFQDPH
'DWDQDPH
ENJVLJBENJILWBENJ
FKLVT
>6LQJOHW6LWHV@
QXPBVLWHV
VLWHB

>'RXEOHW6LWHV@
QXPBVLWHV
VLWHB

>6H[WHW6LWHV@
QXPBVLWHV
VLWHB

>&RPPHQW@
FRPPHQW

HQGFRPPHQW
'CEJUKPINGVUKVGKUHQTOCVVGFCUHQNNQYU
&6VLJB&6ILWB&6
ZVLJBZILWBZ
'CEJFQWDNGVUKVGKUHQTOCVVGFCUHQNNQYU
&6VLJB&6ILWB&6
46VLJB46ILWB46
$$VLJB$$ILWB$$
ZVLJBZILWBZ
ZZVLJBZZILWBZZ
'CEJUGZVGVKUHQTOCVVGFCUHQNNQYU
&6VLJB&6ILWB&6
HSVLORQVLJBHSVLORQILWBHSVLORQ
]VLJB]ILWB]
$$VLJB$$ILWB$$
$$VLJB$$ILWB$$
ZVLJBZILWBZ
ZZVLJBZZILWBZZ
ZZVLJBZZILWBZZ
KH
HTQ\GPKHCFLWUVGF
8QKIVDCUGF(KVVKPI
8$(#PCN[UKU
6JG8QKIVDCUGFHKVVKPIOGVJQF
8$(RTQXKFGUVJGOGCPUVQQDVCKPTGNKCDNGFKUVTKDWVKQPUQHJ[RGTHKPG
RCTCOGVGTUHQTOWNVKRNGIGPGTCNK\GFUKVGUKPCURGEVTWO6YQV[RGUQHIGPGTCNK\GFUKVGUCTGEQPUKFGTGF
RCTCOCIPGVKEIGPGTCNK\GFUKVGUYJKEJECPJCXGCFKUVTKDWVKQPQHSWCFTWRQNGURNKVVKPIUCPFOCIPGVKE
IGPGTCNK\GFUKVGUYJKEJECPJCXGCFKUVTKDWVKQPQHOCIPGVKEJ[RGTHKPGHKGNFU
6JGRTKOCT[J[RGTHKPGRCTCOGVGT UFKUVTKDWVKQPKUTGRTGUGPVGFD[CUWOQH)CWUUKCPEQORQPGPVUGPCDNKPIKV
VQJCXGPGCTN[CP[UJCRG
5GEQPFCT[
QTUNCXGJ[RGTHKPGRCTCOGVGTUUWEJCUVJGEGPVGTUJKHVHQTRCTCOCIPGVKEIGPGTCNK\GFUKVGUQTVJG
EGPVGTUJKHVCPFSWCFTWRQNGUJKHVHQTOCIPGVKEIGPGTCNK\GFUKVGUECPDGNKPGCTN[EQWRNGFVQVJGRTKOCT[
J[RGTHKPGRCTCOGVGT
4GEQKN4GHGTGPEG
C HQTOCIPGVKEUKVGUVJGHKTUVQTFGTRGTVWTDCVKQPTGUWNVKUWUGFUQVJGSWCFTWRQNGUJKHVOWUVCNYC[UDGOWEJ
G S3
n I (z0*JH QT[QWOC[CUUWOGVJCV*JHKUCNKIPGF
CNQPIVJG'()\CZKUCPFVJCVVJG'()JCUCZKCNU[OOGVT[0

C VJGVJKPCDUQTDGTNKOKVKUCUUWOGFDWVUNKIJVVJKEMPGUUDTQCFGPKPIECPDGOQFGNNGFD[KPETGCUKPIVJG
GZRGTKOGPVCN.QTGPV\KCP*9*/5KPEGVJKEMPGUUGHHGEVUECPUWDUVCPVKCNN[CNVGTGZVTCEVGFFKUVTKDWVKQPUKV
KUTGEQOOGPFGFVQRGTHQTOCVJKEMPGUUEQTTGEVKQPCPFQPN[CPCN[UGVJKPNKOKVURGEVTCVQQDVCKPTGNKCDNG
FKUVTKDWVKQPU
/QFGN2CTCOGVGTU
)NQDCN2CTCOGVGTU
.QTGPV\KCP*9*/
KPOOU VJGGNGOGPVCNOWNVKRNGV.QTGPV\KCP*9*/CNUQECNNGF9
$CEMITQWPF
35&5KVGU
FGNVC
KPOOU
FGNVC
PQWPKVU EQWRNKPIRCTCOGVGTUDGVYGGPVJGEGPVGTUJKHV*CPFVJGSWCFTWRQNG
URNKVVKPI) * ' * % * )

#TGC
##
PQWPKVU TCVKQQHVJGURGEVTCNCTGCUQHVJGNQYGPGTI[RGCMVQVJGJKIJGPGTI[RGCM
'CEJEQORQPGPVQHVJGSWCFTWRQNGURNKVVKPIFKUVTKDWVKQPJCUVJTGGRCTCOGVGTU
R
PQWPKVU VJGYGKIJVQHVJGEQORQPGPV
UWOQHR UKU
35
KPOOU VJGCXGTCIGSWCFTWRQNGURNKVVKPIQHVJGEQORQPGPV
QTVJG
RQUKVKQPQHVJG)CWUUKCPEQORQPGPV
UKIOC
KPOOU VJG)CWUUKCPYKFVJ
UVFFGXQHVJGEQORQPGPV
*(&5KVGU
FGNVC
KPOOU
FGNVC
PQWPKVU EQWRNKPIRCTCOGVGTUDGVYGGPVJGEGPVGTUJKHV*CPFVJG<GGOCP
OCIPGVKEURNKVVKPI\ * ' * % * \

GRUKNQP
KPOOU
GRUKNQP
PQWPKVU EQWRNKPIRCTCOGVGTUDGVYGGPVJGSWCFTWRQNGUJKHVgCPFVJG<GGOCP
OCIPGVKEURNKVVKPI\ g ' g % g \

#TGC
##
PQWPKVU TCVKQQHVJGURGEVTCNCTGCUQHRGCMVQVJGRGCM
##
'CEJEQORQPGPVQHVJG<GGOCPURNKVVKPI\
QTJ[RGTHKPGOCIPGVKEHKGNF*FKUVTKDWVKQPJCUVJTGG
RCTCOGVGTU
R
UWOQHR UKU
\
KPOOUQT VJGCXGTCIG<GGOCPURNKVVKPI
\Iz0*QTOCIPGVKEHKGNFQHVJG
*
KP6QTM1G EQORQPGPV
QTVJGRQUKVKQPQHVJG)CWUUKCPEQORQPGPV
UKIOC
KPOOU6QT VJG)CWUUKCPYKFVJ
M1G
4GHGTGPEGU
C 4CPEQWTV&)CPF2KPI,;8QKIVDCUGFOGVJQFUHQTCTDKVTCT[UJCRGUVCVKEJ[RGTHKPGRCTCOGVGT
FKUVTKDWVKQPUKP/ÌUUDCWGTURGEVTQUEQR[0WEN+PUVTWO/GVJ2J[U4GU$

6JKUKUVJGQTKIKPCNCTVKENGFGUETKDKPIVJGOGVJQFCPFKVUCRRNKECVKQP#OWUVTGCFVQWUGVJKUOGVJQF
C 2WGTVC,CPF/CTVKP26JTGGCPFHQWTIGPGTCNK\GF.QTGPV\KCPCRRTQZKOCVKQPUHQTVJG8QKIVNKPGUJCRG
#RRN1RV

5GXGTCNV[RQITCRJKECNGTTQTUYGTGTGRQTVGFKP4CPEQWTV&)0WEN+PUVTWO/GVJ2J[U4GU$


EJCRVGT
4GCFKVHQTCFKUEWUUKQPQPGTTQTCPCN[UKU
(KNG(QTOCV
4GEQKNWUGUVJGXDHGZVGPUKQPVQFGPQVGHKNGUQHVJKUV[RGQHCPCN[UKU6JQWIJKVECPTGCF/15/1&RCERCS
CPFRCJHKNGUVJGPGYHQTOCVKUSWKVGFKHHGTGPVFWGVQVJGKORNGOGPVCVKQPFKHHGTGPEGU
VJGHKNGHQTOCV
5HFRLO9%)$QDO\VLVY
'RFQDPH
'DWDQDPH
ENJVLJBENJILWBENJ
FKLVT
>46'6LWHV@
QXPBVLWHV
46'VLWH

>+)'6LWHV@
QXPBVLWHV
+)'VLWH

>&RPPHQW@
FRPPHQW

HQGFRPPHQW
'CEJ35&
RCTCOCIPGVKEUKVGKUUCXGFKPVJGHQNNQYKPIHQTOCV
VLWHBQDPH
DUHDVLJBDUHDILWBDUHD
$$VLJB$$ILWB$$
GHOWDVLJBGHOWDILWBGHOWD
4GEQKN4GHGTGPEG
QXPBFRPSRQHQWV
FRPSB

9JGTGGCEJEQORQPGPVKUUCXGFCU
SVLJBSILWBS
46!VLJB46!ILWB46!
'CEJ*(&
OCIPGVKEUKVGKUUCXGFKPVJGHQNNQYKPIHQTOCV
VLWHBQDPH
$$VLJB$$ILWB$$
$$VLJB$$ILWB$$
QXPBFRPSRQHQWV
FRPSB

SVLJBSILWBS
]!VLJB]!ILWB]!
KH
HTQ\GPKHCFLWUVGF
'ZVGPFGF8QKIVDCUGF(KVVKPI
Z8$(#PCN[UKU
6JGGZVGPFGF8QKIVDCUGFHKVVKPIOGVJQF
Z8$(RTQXKFGUVJGOGCPUVQQDVCKPTGNKCDNGOWNVKFKOGPUKQPCN
FKUVTKDWVKQPUQHJ[RGTHKPGRCTCOGVGTUHQTOWNVKRNGIGPGTCNK\GFUKVGUKPCURGEVTWO6YQV[RGUQHIGPGTCNK\GF
UKVGUCTGEQPUKFGTGF
C RCTCOCIPGVKEIGPGTCNK\GFUKVGUYJKEJECPJCXGUKOWNVCPGQWUFKUVTKDWVKQPUQHEGPVGTUJKHVUCPFSWCFTWRQNG
URNKVVKPIUCPF
C OCIPGVKEIGPGTCNK\GFUKVGUYJKEJECPJCXGUKOWNVCPGQWUFKUVTKDWVKQPUQHEGPVGTUJKHVUSWCFTWRQNGUJKHVU
CPFOCIPGVKEJ[RGTHKPGHKGNFU
'CEJJ[RGTHKPGRCTCOGVGTFKUVTKDWVKQPKUTGRTGUGPVGFD[CUWOQH)CWUUKCPEQORQPGPVUGPCDNKPIKVVQJCXG
PGCTN[CP[UJCRG
9KVJKPCIGPGTCNK\GFUKVGRCKTUQHFKUVTKDWVKQPUQHJ[RGTHKPGRCTCOGVGTUCTGEQTTGNCVGFD[CEQTTGNCVKQP
RCTCOGVGTD
C HQTOCIPGVKEUKVGUVJGHKTUVQTFGTRGTVWTDCVKQPTGUWNVKUWUGFUQVJGSWCFTWRQNGUJKHVOWUVCNYC[UDGOWEJ
G S3
n I (z0*JH QT[QWOC[CUUWOGVJG*JHKUCNKIPGFCNQPI
VJG'()\CZKUCPFVJCV02C[ENQUGCVVGPVKQPVQVJKUNKOKVYJGPVJGFKUVTKDWVKQPUURCPCNCTIGTCPIG

C VJGVJKPCDUQTDGTNKOKVKUCUUWOGFDWVUNKIJVVJKEMPGUUDTQCFGPKPIECPDGOQFGNNGFD[KPETGCUKPIVJG
GNGOGPVCNOWNVKRNGV.QTGPV\KCP*9*/5KPEGVJKEMPGUUGHHGEVUECPUWDUVCPVKCNN[CNVGTGZVTCEVGF
FKUVTKDWVKQPUKVKUTGEQOOGPFGFVQRGTHQTOCVJKEMPGUUEQTTGEVKQPCPFQPN[CPCN[UGVJKPNKOKVURGEVTCVQ
QDVCKPTGNKCDNGFKUVTKDWVKQPU
/QFGN2CTCOGVGTU
)NQDCN2CTCOGVGTU
.QTGPV\KCP*9*/
KPOOU VJGGNGOGPVCNOWNVKRNGV.QTGPV\KCP*9*/CNUQECNNGF9
$CEMITQWPF
2CTCOCIPGVKE5KVGU
#TGC
##
PQWPKVU TCVKQQHVJGURGEVTCNCTGCUQHVJGNQYGPGTI[RGCMVQVJGJKIJGPGTI[RGCM
T%535
PQWPKVU VJGEQTTGNCVKQPRCTCOGVGTD*)DGVYGGPVJG%5
*FKUVTKDWVKQPCPFVJG35

)FKUVTKDWVKQP
'CEJEQORQPGPVQHVJGEGPVGTUJKHVFKUVTKDWVKQPJCUVJTGGRCTCOGVGTU
R
UWOQHR UKU
%5
KPOOU VJGCXGTCIGEGPVGTUJKHVQHVJGEQORQPGPV
UKIOC
'CEJEQORQPGPVQHVJGSWCFTWRQNGURNKVVKPIFKUVTKDWVKQPJCUVJTGGRCTCOGVGTU
R
UWOQHR UKU
35
KPOOU VJGCXGTCIGSWCFTWRQNGURNKVVKPIQHVJGEQORQPGPV
UKIOC
/CIPGVKE5KVGU
#TGC
##
##
T%535 EQTTGNCVKQPRCTCOGVGTD*gDGVYGGPVJGEGPVGTUJKHVFKUVTKDWVKQPCPFVJG
SWCFTWRQNGUJKHVFKUVTKDWVKQP
T%5*( EQTTGNCVKQPRCTCOGVGTD*\DGVYGGPVJGEGPVGTUJKHVFKUVTKDWVKQPCPFVJG
<GGOCPURNKVVKPIFKUVTKDWVKQP
T35*( EQTTGNCVKQPRCTCOGVGTDg\DGVYGGPVJGSWCFTWRQNGUJKHVFKUVTKDWVKQPCPF
VJG<GGOCPURNKVVKPIFKUVTKDWVKQP
RCTCOGVGTU
R
UWOQHR UKU
%5
KPOOU VJGCXGTCIGEGPVGTUJKHVQHVJGEQORQPGPV
UKIOC
'CEJEQORQPGPVQHVJGSWCFTWRQNGUJKHVFKUVTKDWVKQPJCUVJTGGRCTCOGVGTU
4GEQKN4GHGTGPEG
R
UWOQHR UKU
35
KPOOU VJGCXGTCIGSWCFTWRQNGUJKHVQHVJGEQORQPGPV
UKIOC
RCTCOGVGTU
R
UWOQHR UKU
\
KPOOUQT VJGCXGTCIG<GGOCPURNKVVKPIQTOCIPGVKEHKGNFQHVJGEQORQPGPV
*
KP6QTM1G
UKIOC
KPOOU6QT VJG)CWUUKCPYKFVJ
M1G
4GHGTGPEGU
C .CICTGE-CPF4CPEQWTV&)'ZVGPFGF8QKIVDCUGFCPCN[VKENKPGUJCRGOGVJQFHQTFGVGTOKPKPI0
FKOGPUKQPCNEQTTGNCVGFJ[RGTHKPGRCTCOGVGTFKUVTKDWVKQPUKP/ÌUUDCWGTURGEVTQUEQR[0WEN+PUVTWO
/GVJ2J[U4GU$

6JKUKUVJGQTKIKPCNCTVKENGFGUETKDKPIVJGOGVJQFCPFKVUCRRNKECVKQP#OWUVTGCFVQWUGVJKUOGVJQF
C 2WGTVC,CPF/CTVKP26JTGGCPFHQWTIGPGTCNK\GF.QTGPV\KCPCRRTQZKOCVKQPUHQTVJG8QKIVNKPGUJCRG
#RRN1RV

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EJCRVGT
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4GEQKNWUGUVJGZXHGZVGPUKQPVQFGPQVGHKNGUQHVJKUV[RGQHCPCN[UKU
VJGHKNGHQTOCV
5HFRLO[9%)$QDO\VLVY
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'DWDQDPH
ENJVLJBENJILWBENJ
FKLVT
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QXPBVLWHV
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FRPPHQW

HQGFRPPHQW
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RCTCOCIPGVKEUKVGKUUCXGFKPVJGHQNNQYKPIHQTOCV
VLWHBQDPH
QXPB&6BFRPSQXPB46BFRPS
$$VLJB$$ILWB$$
U&646!VLJBU&646!ILWBU&646!
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46BFRPSB

ZECPDG%5QT35
SVLJBSILWBS
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'CEJ*(&
OCIPGVKEUKVGKUUCXGFKPVJGHQNNQYKPIHQTOCV
VLWHBQDPH
QXPB&6BFRPSQXPB46BFRPSQXPB+)BFRPS
$$VLJB$$ILWB$$
$$VLJB$$ILWB$$
U&646!VLJBU&646!ILWBU&646!
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ZECPDG%535QT\
SVLJBSILWBS
[!VLJB[!ILWB[!
KH
HTQ\GPKHCFLWUVGF
6JGHWNNUVCVKEJCOKNVQPKCPUKVGCPCN[UKUKUCRQYGTHWNYC[VQHKVCURGEVTWOWUKPIVJGGZCEVNKPGUJCRGQDVCKPGF
HTQOVJGOKZGFUVCVKEKPVGTCEVKQP*COKNVQPKCP+PCNNHKXGV[RGUQHUKVGUECPDGOQFGNNGFUKOWNVCPGQWUN[
4GEQKN4GHGTGPEG
TGRTGUGPVKPI
C VJGUKPINGET[UVCNECUGYJGTGCNNCPINGUCPFJ[RGTHKPGRCTCOGVGTOCIPKVWFGUJCXGFKUETGVGXCNWGU
C VJGET[UVCNNKPGRQYFGTCXGTCIGYJGTGVJG(TC[CPINGUCTGCXGTCIGFQWVDWVVJG*JHQTKGPVCVKQPTGNCVKXGVQ
VJG'()KURTGUGTXGF6JKUEQTTGURQPFUVQCRQYFGTQHUOCNNTCPFQON[QTKGPVGFET[UVCNNKVGUKPYJKEJVJG
QTKGPVCVKQPQHVJG*JHKUHKZGFYKVJTGURGEVVQVJG'()U[UVGOYKVJKPGCEJET[UVCNNKVG
C VJGTCPFQON[QTKGPVGF'()CXGTCIGYJGTGVJG'()QTKGPVCVKQPKUCXGTCIGFQWVDWVVJGQTKGPVCVKQPQHVJG
(TC[YKVJTGURGEVVQVJGOCIPGVKEJ[RGTHKPGHKGNFKUEQPUVCPV6JKUKUWUGHWNVQOQFGNVJGDGJCXKQWTQHC
ET[UVCNNKPGRQYFGTKPCPCRRNKGFOCIPGVKEHKGNFYJGPCNNVJGOQOGPVUCTGCNKIPGFKPVJGUCOGFKTGEVKQP
C VJGOQUCKEUCORNGCXGTCIGYJGTGVJGC\KOWVJCNCPINGQHVJG(TC[KPVJG'()U[UVGOKUCXGTCIGFQWV
6JKUEQTTGURQPFUVQCOQUCKEUCORNGKPYJKEJVJG*JHQTKGPVCVKQPKPVJG'()U[UVGOKUHKZGFDWVVJGTGKUC
TCPFQOQTKGPVCVKQPQHVJG'()Z[RNCPGYKVJTGURGEVVQVJGKPEKFGPV(TC[(QTGZCORNGVJKUOC[DG
HQWPFKPCNC[GTGFOCVGTKCNYJKEJJCUCRGTHGEVUVCEMKPIQHVJGNC[GTRNCPGURGTRGPFKEWNCTVQVJG\CZKUQH
VJG'()U[UVGODWVYKVJCTCPFQOQTKGPVCVKQP
QPCXGTCIGQHGCEJNC[GTYKVJTGURGEVVQVJGQVJGTU
C VJGEQORNGVGQTKGPVCVKQPCXGTCIGYJGTGCNNCPINGUCTGCXGTCIGF(TC[CPF*JHQTKGPVCVKQP6JKUKU
CRRNKECDNGKPVJGECUGQHCRQYFGT
(TC[KUTCPFQON[QTKGPVGFYKVJTGURGEVVQGCEJET[UVCNNKVGYJGPVJG
CPINGUDGVYGGPVJG'()CPF*JHCTGTCPFQON[QTKGPVGFFWGVQURKPCPFQTUVTWEVWTCNFKUQTFGT#UCTGUWNV
VJG(TC[CNUQJCUCTCPFQOQTKGPVCVKQPYKVJTGURGEVVQVJGNQECN'()
C CRRNKECDNGHQTCNNOCIPKVWFGUQHJ[RGTHKPGKPVGTCEVKQPU
KPENWFKPIGNGEVTKEOQPQRQNGSWCFTWRQNGCPF
OCIPGVKEFKRQNGKPVGTCEVKQPU
C CUUWOGUVJCVVJGJ[RGTHKPGKPVGTCEVKQPUCTGGHHGEVKXGN[UVCVKE
C FQGUPQVCFOKVFKUVTKDWVKQPUQHJ[RGTHKPGRCTCOGVGTU
PQVGCPINGCXGTCIGUCTGGSWKXCNGPVVQCWPKHQTO
FKUVTKDWVKQPQHCPINGUUQQPN[UKVGUYKVJFKUETGVGJ[RGTHKPGRCTCOGVGTXCNWGUECPDGOQFGNNGF
C FQGUPQVKPENWFGVJKEMPGUUGHHGEVUVJQWIJUNKIJVVJKEMPGUUGHHGEVUECPDGOQFGNNGFD[CPKPETGCUGKPVJG
.QTGPV\KCP*9*/QHGCEJUKVG
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DGNQYUJQYUVJGCUUKIPOGPVQHVJGCPINGUHQTVJGIGPGTCNEQPHKIWTCVKQP
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KP6QTM1G HKGNF

G S3
KPOOU VJGGNGEVTKESWCFTWRQNGKPVGTCEVKQPRCTCOGVGT
GVC
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Y
KPOOU VJG.QTGPV\KCP*9*/QHVJGRGCMU
#TGC
RJKA*SVJGVCA*S VJGC\KOWVJCNCPFRQNCTCPINGUQH*JHKPVJG'()RTKPEKRCNCZGU

KPu EQQTFKPCVGU[UVGO
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KPu VGPUQTRTKPEKRNGCZGUEQQTFKPCVGU[UVGO
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G S3
GVC
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GS3
GVC
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KPu VJGCPINGDGVYGGPVJGKPEKFGPV(TC[FKTGEVKQPCPFVJGOCIPGVKEHKGNF*JH
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GS3
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VJGVCAIS
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VJG'()VGPUQT
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G S3
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Y
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VJGVCAISYGTGTGHGTTGFVQCUCNRJCCPFDGVC6QCXQKFEQPHWUKQPDGVYGGPVJGCPINGUWUGFKPVJKU
FQEWOGPVKPFKEGUCTGCFFGFVQFGUKIPCVGVJGFKTGEVKQPCPFVJGTGHGTGPEGU[UVGO
I*CPFSHQTVJG
(TC[FKTGEVKQPVJG*JHFKTGEVKQPCPFVJG'()VGPUQTRTKPEKRCNCZGUU[UVGOTGURGEVKXGN[CPFRJKCPF
VJGVCCTGEQPUKUVGPVN[WUGFVQFGUKIPCVGC\KOWVJCNCPFRQNCTCPINGU
4GHGTGPEGU
C $NCGU0(KUEJGT*CPF)QPUGT7#PCN[VKECNGZRTGUUKQPHQTVJG/ÌUUDCWGTNKPGUJCRGQH(GKPVJG
RTGUGPEGQHOKZGFJ[RGTHKPGKPVGTCEVKQPU0WEN+PUVTWO/GVJ2J[U4GU$

6JKUCTVKENGRTGUGPVUCFGTKXCVKQPQHCPCPCN[VKECNGZRTGUUKQPHQTVJGNKPGUJCRGHQTVJGUVCVKEOKZGF
KPVGTCEVKQP*COKNVQPKCP+VUGZRTGUUKQPUCTGFKTGEVN[WUGFKPVJKUCPCN[UKUFQEWOGPV
PQVGVJGCPINGU
TGHGTTGFVQKPVJGCTVKENGCTGPQVPGEGUUCTKN[VJGUCOGCUVJGQPGUKPVJKUFQEWOGPVDWVVJG[ECPGCUKN[
DGVTCPUHQTOGFHTQOQPGTGHGTGPEGU[UVGOVQVJGQVJGT

EJCRVGT
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4GEQKNWUGUVJGHUJGZVGPUKQPVQFGPQVGHKNGUQHVJKUV[RGQHCPCN[UKU6JQWIJKVECPTGCF/15/1&RCPHKNGU
VJGHKNGHQTOCV
5HFRLO)XOO6WDWLF+DPLOWRQLDQ6LWH$QDO\VLVY
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ENJVLJBENJILWBENJ
FKLVT
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QXPBVLWHV
VLWHB

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VLWHB

>5DQGRP()*6LWHV@
QXPBVLWHV
VLWHB

>0RVDLF&U\VWDO6LWHV@
QXPBVLWHV
VLWHB

>5DQGRP()*DQG+6LWHV@
QXPBVLWHV
VLWHB

>&RPPHQW@
FRPPHQW

HQGFRPPHQW
'CEJUKPINGET[UVCNUKVGKUHQTOCVVGFCUHQNNQYU
VLWHBQDPH
&6VLJB&6ILWB&6
HT4VLJBHT4ILWBHT4
HWDVLJBHWDILWBHWD
]VLJB]ILWB]
ZVLJBZILWBZ
SKLB+TVLJBSKLB+TILWBSKLB+T
WKHWDB+TVLJBWKHWDB+TILWBWKHWDB+T
SKLBJTVLJBSKLBJTILWBSKLBJT
WKHWDBJTVLJBWKHWDBJTILWBWKHWDBJT
'CEJRQYFGTGFET[UVCNUKVGKUHQTOCVVGFCUHQNNQYU
VLWHBQDPH
&6VLJB&6ILWB&6
HT4VLJBHT4ILWBHT4
HWDVLJBHWDILWBHWD
]VLJB]ILWB]
ZVLJBZILWBZ
'CEJTCPFQON[QTKGPVGF'()UKVGKUHQTOCVVGFCUHQNNQYU
VLWHBQDPH
&6VLJB&6ILWB&6
HT4VLJBHT4ILWBHT4
HWDVLJBHWDILWBHWD
]VLJB]ILWB]
ZVLJBZILWBZ
WKHWDBJ+VLJBWKHWDBJ+ILWBWKHWDBJ+
'CEJOQUCKEET[UVCNUKVGKUHQTOCVVGFCUHQNNQYU
VLWHBQDPH
&6VLJB&6ILWB&6
HT4VLJBHT4ILWBHT4
HWDVLJBHWDILWBHWD
]VLJB]ILWB]
ZVLJBZILWBZ
4GEQKN4GHGTGPEG
WKHWDBJTVLJBWKHWDBJTILWBWKHWDBJT
'CEJTCPFQON[QTKGPVGF'()CPF*UKVGKUHQTOCVVGFCUHQNNQYU
VLWHBQDPH
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HT4VLJBHT4ILWBHT4
HWDVLJBHWDILWBHWD
]VLJB]ILWB]
ZVLJBZILWBZ
KH
HTQ\GPKHCFLWUVGF
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&[PCOKE.KPG5JCRG5KVG#PCN[UKU
6JGF[PCOKENKPGUJCRGUKVGCPCN[UKUKUCRQYGTHWNCPCN[UKUOGVJQFVQVTGCVF[PCOKEGHHGEVUKPCURGEVTWO
6JGNKPGUJCRGWUGFKUVJGQPGFGTKXGFD[$NWOGCPF6LQP
UGGTGHGTGPEGUYJKEJWUGUCUVQEJCUVKEOQFGNHQT
VJGHNWEVWCVKQPQHVJGOCIPGVKEJ[RGTHKPGHKGNF
6JGOQFGNCUUWOGUVJCVVJGJ[RGTHKPGHKGNFHNWEVWCVGUTCPFQON[DGVYGGPVYQFKTGEVKQPUCNQPIVJGUCOG
CZKU+VUHNWEVWCVKQPECPDGEJCTCEVGTK\GFD[CP[QHVJGHQNNQYKPIRCKTUQHRCTCOGVGTU
C J% CPF J& VJGCXGTCIGFYGNNVKOGUCNQPIVJG CPFFKTGEVKQPUDGVYGGPHNKRU
C H CPFHVJGCXGTCIGLWORHTGSWGPEKGU
H% ' J% H& ' J& QT
C H '
H%%H& CPF D '
H%&H& VJGCXGTCIGCPFJCNHFKHHGTGPEGQHVJGHTGSWGPEKGU
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RCTCNNGNVQVJG\FKTGEVKQPQHCPCZKCNN[U[OOGVTKE'()
0 6JGTGUWNVKUCRRNKECDNGHQTCNNOCIPKVWFGUQH
VJGGNGEVTKESWCFTWRQNGCPFOCIPGVKEFKRQNGKPVGTCEVKQPUUKPEGVJGOCIPGVKEJ[RGTHKPGHKGNFKUCNKIPGFKPVJG
'()\CZKUFKTGEVKQPCPF0
C VJKUOQFGNCUUWOGUVJGJ[RGTHKPGHKGNFHNWEVWCVGUUVQEJCUVKECNN[DGVYGGP *CPF*CNQPIVJG'()\CZKU
YKVJ 0 #NNQVJGTRCTCOGVGTUCTGVTGCVGFCUUVCVKE
C PQRCTCOGVGTFKUVTKDWVKQPUCTGKPENWFGFUQQPN[JQOQIGPGQWUDTQCFGPKPIKUVCMGPKPVQCEEQWPV5NKIJV
FKUVTKDWVKQPUOC[DGOQFGNNGF
CV[QWTQYPTKUMD[XCT[KPIVJGKPVTKPUKE.QTGPV\KCP*9*/QHVJGUKVG
C PQVJKEMPGUUGHHGEVUCTGVCMGPKPVQCEEQWPVUQRGCMDTQCFGPKPIFWGVQF[PCOKEGHHGEVUECPPQVDG
TGUQNXGFHTQOVJKEMPGUUGHHGEVUCPFVJGOQFGNOKIJVRTQFWEGGTTQPGQWUTGUWNVU+HEQTTGEVOQFGNNKPIKU
FGUKTGFVJKEMPGUUEQTTGEVKQPUJQWNFDGRGTHQTOGFDGHQTGJCPFQTCVJKPCDUQTDGT
VCnUJQWNFDGWUGF
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KPOOU VJGKPVTKPUKE.QTGPV\KCP*9*/
##
PQWPKVU VJGTCVKQQHVJGURGEVTCNCTGCUQHRGCM
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C VJG<GGOCPURNKVVKPI
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*OWUVDGRQUKVKXGQTPKN
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C VJGCTGCTCVKQU
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C VJGCXGTCIGHNKRHTGSWGPE[
HOWUVDGRQUKVKXG$GECWUGQHVJGFGVCKNUQHVJGKORNGOGPVCVKQPCXCNWGQH
KUPQVCEEGRVGFCPFYKNNDGTGRNCEGFD[VJGGHHGEVKXGN[PKNXCNWGQH
C UKPEGVJGHTGSWGPEKGUOWUVDGRQUKVKXGVJGCDUQNWVGXCNWGQHHUJQWNFDGITGCVGTVJCPVJGCDUQNWVGXCNWGQH
D 6JKUKUPQVKORQUGFFWTKPIVJGHKVUQ[QWOWUVEJGEMKV[QWTUGNH
6JGHQNNQYKPIOCVJGOCVKECNGZRTGUUKQPKUWUGFVQGXCNWCVGVJGURGEVTCNEQPVTKDWVKQPQHGCEJRGCMHQTGCEJ
UKVG
4GEQKN4GHGTGPEG
4GHGTGPEGU
C $NWOG/CPF6LQP,#/ÌUUDCWGTURGEVTCKPCHNWEVWCVKPIGPXKTQPOGPV2J[U4GX

6JKUKUVJGTGHGTGPEGYJGTGVJGCPCN[VKECNGZRTGUUKQPHQTVJGNKPGUJCRGKUFGTKXGFCPFYJGTGCNNVJG
VJGQT[CPFCUUWORVKQPUCDQWVVJGOQFGNCTGGZRNCKPGF+VCNUQEQPVCKPUOCP[WUGHWNTGHGTGPEGU
TGICTFKPIVJKUVQRKE
C 4CPEQWTV&)CPF2KPI,;8QKIVDCUGFOGVJQFUHQTCTDKVTCT[UJCRGUVCVKEJ[RGTHKPGRCTCOGVGT
FKUVTKDWVKQPUKP/ÌUUDCWGTURGEVTQUEQR[0WEN+PUVTWO/GVJ2J[U4GU$

5GEVKQPQHVJGCTVKENGFKUEWUUGUVJGTCPIGQHCRRNKECDKNKV[QHGHHGEVKXGN[UVCVKEDGJCXKQWT
C 4CPEQWTV&)#PCN[VKECN/GVJQFUHQT/ÌUUDCWGT5RGEVTCN#PCN[UKUQH%QORNGZ/CVGTKCNUKP
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CPF()TCPFLGCP2NGPWO2TGUU0GY;QTM
6JKUEJCRVGTKPENWFGUOCP[UKOWNCVKQPUQHF[PCOKEURGEVTCVQUJQYVJGGHHGEVQHVJGXCTKQWU
RCTCOGVGTU

EJCRVGT
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VJGHKNGHQTOCV
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$$VLJB$$ILW$$
IVLJBIILWBI
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KH
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KP
HCEVVJGUQWTEGGOKUUKQPNKPGUJCRGECPDGPQP.QTGPV\KCPFWGVQKPJQOQIGPGQWUDTQCFGPKPIHTQOET[UVCN
FGHGEVUGXGPKPYGNNUWKVGFOCVGTKCNUUWEJCU4JCPF%W
HQT%QVJCVCTGFGUKIPGFVQIKXGUKPINGNKPGF
UQWTEGU#NUQTCFKCVKQPFCOCIGECPKPETGCUGVJGFGPUKV[QHET[UVCNFGHGEVUCUCUQWTEGCIGU
9JGP[QWYKUJVQFGVGTOKPGVJGGZRGTKOGPVCN*CNH9KFVJCV*CNH/CZKOWO
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ECPWUGVJKUOQFWNGVQCPCN[UGVJGURGEVTWOQHCUCORNGYJQUGVJKEMPGUUCPFKPVTKPUKEETQUUUGEVKQPCTG
MPQYP7UKPIVJGUGRCTCOGVGTUVJG*9*/QHVJGUQWTEGKUQDVCKPGFD[HKVVKPIVJGURGEVTWOVQVJGVJKP
UQWTEGVTCPUOKUUKQPKPVGITCNGZENWFKPIRQNCTK\CVKQPGHHGEVU
UGGTGHGTGPEG
/QFGN2CTCOGVGTU
6QGZVTCEVVJGUQWTEGNKPGYKFVJKVKUTGEQOOGPFGFVJCV[QWGPVGTCPFHTGG\GVJGXCNWGHQTVCYJKNGTGHKPKPI
VJGQVJGTRCTCOGVGTU
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KPOOU VJG*9*/QHVJGUQWTEG
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KPEQWPVUOOU VJGVQVCNCTGCQHTGEQKNNGUU(TC[U
KPENWFKPIEQTTGEVKQPUFWGVQ
OCUUCDUQTRVKQP7UWCNN[NGHVCUCHKVVKPIRCTCOGVGT
6C
PQWPKVU VJG/ÌUUDCWGTVJKEMPGUUQHVJGCDUQTDGT6JKUECPDGECNEWNCVGF
DCUGFQPVJGOCUUCPFCTGCQHVJGCDUQTDGTCUYGNNCUKVU
EQORQUKVKQPCPFTGEQKNNGUUHTCEVKQPHCEVQT
VCHCPCF
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KUQVQRGUKPKHKNGYJKEJKUGZRTGUUGFKPOOU66JGEQPXGTUKQPDGVYGGP$CPF*KUUKORN[6M1G
016' KPVJG8$(CPCN[UKUVJGEQWRNKPIRCTCOGVGTUCTGCNYC[UGZRTGUUGFCUEQWRNKPIRCTCOGVGTUYKVJ\
PQ
EQPXGTUKQPQHVJGEQWRNKPIRCTCOGVGTUKURGTHQTOGFYJGPVJG6QTM1GQRVKQPUCTGUGNGEVGF
(KVVKPI1RVKQPU
;QWECPCNUQUGVUGXGTCNQRVKQPUTGNCVGFVQVJGHKVVKPIRTQEGFWTGCPFFKURNC[FWTKPIVJGHKVVKPIRTQEGUU;QW
ECPURGEKH[RCTCOGVGTUUWEJCU
K VJGUVCPFCTFPWODGTQHKVGTCVKQPUVQDGRGTHQTOGFDGHQTGRCWUKPI

FGHCWNVKUEQPVKPWGWPVKNEQPXGTIGPEGKUCEJKGXGF
K VJGPWODGTQHKVGTCVKQPUVQRGTHQTODGHQTGWRFCVKPIVJGFQEWOGPVXKGYU

FGHCWNVKUWRFCVGXKGYUCHVGTGCEJKVGTCVKQP
K VJGEQPXGTIGPEGETKVGTKQPVQGPFCHKV

FGHCWNVKU)PP
;QWECPCNUQURGEKH[YJGVJGTCFKCNQIDQZKPFKECVKPIVJGRTQITGUUQHVJGHKVKUFKURNC[GFQTPQVCPFYJGVJGT
FGVCKNGFWPEGTVCKPV[ECNEWNCVKQPUUJQWNFDGYTKVVGPVQCHKNG
PCOGFEQXCTFCVDQQVUVTCRFCVQTOEGTTQTFCVQT
PQV6JKUNCUVQRVKQPKUWUGHWNYJGPFGVCKNGFWPEGTVCKPVKGUOWUVDGECNEWNCVGFQPXCNWGUYJKEJCTGHWPEVKQPUQH
UGXGTCNHKVVKPIRCTCOGVGTUUKPEGVJG[PGEGUUKVCVGCNNVJGEQXCTKCPEGUQTCNNVJG/QPVG%CTNQTGCNKUCVKQPUWUGFVQ
ECNEWNCVGPQTOCNRCTCOGVGTWPEGTVCKPVKGU
5GG%JCRVGT
/ÌUUDCWGT5QWTEG
(KPCNN[HQTRGQRNGWUKPICPKUQVQRGQVJGTVJCP(G[QWECPURGEKH[YJKEJKUQVQRG[QWCTGWUKPICPF
YJGVJGTVJGUGNGEVGFKUQVQRGUJQWNFDGWUGFCUVJGFGHCWNVYJGPUVCTVKPI4GEQKN5QWTEGKPHQTOCVKQPKUPQV
YTKVVGPVQVJGRCTCOGVGTHKNGUQHVJGCPCN[UKUUQKVOWUVDGUGNGEVGFGXGT[VKOGVJGKUQVQRGWUGFKUPQVVJG
FGHCWNVKUQVQRG
VJKUYKNNRTQDCDN[PQVDGVJGECUGKPHWVWTGXGTUKQPUQH4GEQKN5GGVJGUGEVKQPQPVJG
KUQVQRGUKPKEQPHKIWTCVKQPHKNGCPFVJGHKNGKVUGNHHQTOQTGKPHQTOCVKQP
KVKUTGCFCDNGCPFYTKVGCDNGKP#5%++
HQTO
4GEQKN4GHGTGPEG
%JCRVGT
'TTQT%CNEWNCVKQPU
9GPQYFGUETKDGVJGHQWTOGVJQFUVJCVCTGWUGFVQQDVCKPTGNKCDNGGTTQTGUVKOCVGU#P[QPGQHVJG
OGVJQFUECPDGUGNGEVGFCHVGTCHKVKURGTHQTOGFCPFKVYKNNDGVJGFGHCWNVUGNGEVKQPHQTVJGPGZVHKV
6JGHKTUVVYQOGVJQFUTGN[QPVJGUJCRGQHVJGPHWPEVKQPCVVJGOKPKOWOVJCVYCUHQWPFYJGTGCUVJG
QVJGTVYQCTGDCUGFQP/QPVG%CTNQVGEJPKSWGU/QTGFGVCKNUCPFTGHGTGPEGUCTGIKXGPKPEJCRVGTQH
0WOGTKECN4GEKRGU
9KNNKCOGVCN0WOGTKECNTGEKRGUKP%VJGCTVQHUEKGPVKHKEEQORWVKPIPFGF%CODTKFIG
7PKXGTUKV[2TGUU

P6QRQNQI[/GVJQFU
7PFGTEGTVCKPEKTEWOUVCPEGUKVKURQUUKDNGVQQDVCKPRCTCOGVGTWPEGTVCKPVKGUDCUGFQPVJGUJCRGQHVJGP
HWPEVKQPCTQWPFKVUOKPKOWO
C VJGOGCUWTGOGPVGTTQTUOWUVDGPQTOCNN[FKUVTKDWVGF
D VJGRCTCOGVGTGTTQTUOWUVPQVDGVQQNCTIGCUVQGZVGPFQWVUKFGCTGIKQPYJGTGCNKPGCTK\CVKQPQHVJG
OQFGNKUPWOGTKECNN[XCNKF
+PUWEJCECUGVJGGTTQTQPCUKPINGRCTCOGVGTECPDGQDVCKPGFD[FGVGTOKPKPICVYJCVXCNWGQHVJCV
RCTCOGVGTVJGPHWPEVKQPTGCEJGUCEGTVCKPDQWPFCT[
)PHQTEQPHKFGPEGYJGPCNNQVJGT
RCTCOGVGTUCTGQRVKOK\GF6YQOGVJQFUCTGCXCKNCDNGVQFGVGTOKPGVJKUXCNWG
K D[WUKPIVJGOCVTKZQHUGEQPFFGTKXCVKXGUQHPCVVJGOKPKOWOCPFECNEWNCVKPIVJGGTTQTD[CUUWOKPIVJG
HWPEVKQPKURCTCDQNKECTQWPFVJGOKPKOWO
YJKEJUJQWNFDGIWCTCPVGGFD[EQPFKVKQP
DCDQXG
KK D[VJG DTWVGHQTEG OGVJQFYJKEJUQNXGUVJGDQWPFCT[GSWCVKQPHQTGCEJRCTCOGVGT
$QVJOGVJQFUCTGCXCKNCDNGKP4GEQKNHQT[QWTEQPXGPKGPEGDWVUJQWNFQPN[DGWUGFYJGPVJGHKVKUEQTTGEV
VJCVKUYJGPVJGTGUKFWCNUCTGWPEQTTGNCVGFCPFPQTOCNN[FKUVTKDWVGFCTQWPFCPFVJGPXCNWGKUYKVJKPQPG
UKIOCQTUQQHKVUKFGCNXCNWG
7UKPIVJG%QXCTKCPEG/CVTKZ
9JGPCPCPCN[VKECNOQFGNKUCXCKNCDNGVJG.GXGPDGTI/CTSWCTFVCNIQTKVJOKUWUGFVQNQECVGVJGOKPKOWO
QHVJGPHWPEVKQPCPFKVKPVGTPCNN[WUGUVJGEQXCTKCPEGOCVTKZCVGCEJKVGTCVKQP+VKUVJGPPCVWTCNVQWUGVJCV
KPHQTOCVKQPVQQDVCKPGTTQTGUVKOCVGU
6JGPHWPEVKQPKUFGHKPGFCU
%JCRVGT'TTQT%CNEWNCVKQPU
0
[ &H
Z
K K
P ' j

K' FK

YJKEJIKXGUVJGHQNNQYKPI*GUUKCPEQORQPGPVU
OCVTKZQHVJGUGEQPFFGTKXCVKXGUYKVJTGURGEVVQVJGOQFGN
RCTCOGVGTU
0
MP

MH MH MH

*LM ' ' j & [K&H
ZK

MRLMRM K' F MRL MRM
MRLMRM
L

+PRTCEVKEGQPN[VJGHKTUVFGTKXCVKXGUQHVJGOQFGNHWPEVKQPCTGECNEWNCVGFCPFVJGUGEQPFVGTOKU
EQPUKFGTGFVQDGPKN+HVJGOQFGNVTWN[FGUETKDGUVJGQDUGTXGFFCVCVJGFGXKCVKQPU [K&H
ZK UJQWNFDGTCPFQO
CPFKPFGRGPFGPVQHVJGOQFGNHWPEVKQPUQVJGUGEQPFVGTOUJQWNFCXGTCIGVQ
6JGEQXCTKCPEGOCVTKZKUVJGPECNEWNCVGFCUVJGKPXGTUGQHVJG*GUUKCPQHVJGPHWPEVKQPCVKVUOKPKOWO
=%? ' =*?&

+VUFKCIQPCNGNGOGPVUTGRTGUGPVVJGXCTKCPEG
FL ' %LL
EQPHKFGPEGQHGCEJQHVJGHKVVKPIRCTCOGVGTU

YJKNGGCEJQHHFKCIQPCNGNGOGPVTGRTGUGPVUVJGEQXCTKCPEGQHVJGEQTTGURQPFKPIRCKTQHRCTCOGVGTU6JGUGQHH
FKCIQPCNVGTOUCTGTGRTGUGPVCVKXGQHVJGEQTTGNCVKQPUDGVYGGPVJGRCTCOGVGTU9JGPECNEWNCVKPIVJGGTTQTQPC
HWPEVKQPQHOWNVKRNGRCTCOGVGTUVJGEQXCTKCPEGOWUVDGVCMGPKPVQCEEQWPV
+P4GEQKNEQPHKFGPEGGTTQTUCTGUVCVGFUQVJGXCNWGKUOWNVKRNKGFD[
7UKPIVJG%QPUVCPVP$QWPFCT[
#UFGUETKDGFCDQXGVJGEQPHKFGPEGKPVGTXCNQPCRCTCOGVGTKUIKXGPD[VJGXCNWGUCVYJKEJVJGP
KPETGCUGCTQWPFVJGOKPKOWOKUD[CIKXGPXCNWG)P(QTEQPHKFGPEGYJGPCUKPINGRCTCOGVGTKPVGTXCN
KUFGUKTGF
VJGFGUKTGFRCTCOGVGTKUHTQ\GPYJKNGCNNQVJGTUCTGQRVKOK\GFVQUQNXGHQTVJGPGYPOKPKOWO
)P6JGTQWVKPGUKORN[UQNXGUHQTP
RLPOKP HQTGCEJRCTCOGVGTQPVJGNQYCPFJKIJUKFG
VJGPTGRQTVUVJGCXGTCIGXCNWG
9JGPVJGQRVKQPVQUCXGVJGGTTQTECNEWNCVKQPFGVCKNUVQHKNGKUGPCDNGFVJGNQYCPFJKIJUKFGGTTQTUECP
DGHQWPFKPVJGHKNG
/QPVG%CTNQ/GVJQFU
/QPVG%CTNQOGVJQFUWUGCEQORNGVGN[FKHHGTGPVCRRTQCEJVQVJGQPGURTGUGPVGFCDQXGUKPEGVJG[FQPQV
FGRGPFQPVJGPHWPEVKQPQTVJGHKVVKPICNIQTKVJO+PDQVJQHVJGOGVJQFURTGUGPVGFJGTGVJGDCUKEKFGCKUVQ
RTQFWEG0U[PVJGVKEFCVCUGVUYJKEJCTGUVCVKUVKECNN[GSWKXCNGPVVQVJGQDUGTXGFFCVCUGV'CEJU[PVJGVKEFCVC
UGVKUHKVVGFRTQFWEKPI0UGVUQHVJGOQFGNRCTCOGVGTU+VUKUVJGPRQUUKDNGVQGZVTCEVYJCVGXGTKPHQTOCVKQPKU
TGSWKTGFHTQOVJGFKUVTKDWVKQPUQHGCEJRCTCOGVGT+PRCTVKEWNCTVJGUVCPFCTFFGXKCVKQPQHGCEJRCTCOGVGTKU
ECNEWNCVGFHTQOVJGFKUVTKDWVKQPCPFOWNVKRNKGFD[VQRTQFWEGCEQPHKFGPEGKPVGTXCN
6JGVYQOGVJQFUUKORN[FKHHGTKPVJGYC[VJG[RTQFWEGVJGU[PVJGVKEFCVCUGVU
7UKPIVJG$QQVUVTCR/GVJQF
6JG$QQVUVTCROGVJQFKUCUCORNKPIOGVJQFVJCVKUWUGFVQRTQFWEGCUVCVKUVKECNN[GSWKXCNGPVU[PVJGVKE
FCVCUGVHTQOVJGQDUGTXGFFCVCUGVKTTGURGEVKXGQHCP[OQFGN6QWUGVJKUOGVJQFVJGTGKUCTGSWKTGOGPV
TGICTFKPIVJGPCVWTGQHVJGFCVCDWVKVKUTGURGEVGFKPVJGECUGQHCEQOOQP/ÌUUDCWGTURGEVTWOVJGFCVC
RQKPVUOWUVDGKPFGRGPFGPVCPFKFGPVKECNN[FKUVTKDWVGF
VJKUKUVTWGUKPEGCURGEVTWOECPDGEQPUVTWEVGFCUC
UGVQHOGCUWTGOGPVUCVTCPFQOXGNQEKVKGU KVKUPQVPGEGUUCT[OCVJGOCVKECNN[PQTRJ[UKECNN[VQOGCUWTGVJG
4GEQKN4GHGTGPEG
XGNQEKVKGUUGSWGPVKCNN[KVKUUKORN[GCUKGTCPFKVKUPQVWPRJ[UKECNVQOCMGVYQOGCUWTGOGPVUCVVJGUCOG
XGNQEKV[VJG[ECPDGKPENWFGFKPVJGPHWPEVKQPCUVYQFKUVKPEVRQKPVU#UKORNGGZCORNGYJGTGVJKU
TGSWKTGOGPVKUPQVTGURGEVGFKUCOGCUWTGOGPVYJGTGC(QWTKGTVTCPUHQTOQHVJGFCVCKUQDVCKPGF
GI(QWTKGT
VTCPUHQTOKPHTCTGFURGEVTQUEQR[+PUWEJCECUGVJGQTFGTQHVJGRQKPVUOCVVGTUUKPEGVJGTGKUCVGORQTCN
EQTTGNCVKQPDGVYGGPVJGFCVCRQKPVU
+PUJQTVVJG$QQVUVTCROGVJQFRTQFWEGUCU[PVJGVKEFCVCUGVD[TGRNCEKPIFCVCRQKPVUKPVJGQDUGTXGFFCVC
UGVD[QVJGTRQKPVUHTQOVJGQDUGTXGFFCVCUGV#UUWEJVJGPGYUGVQHRQKPVUYKNNEQPVCKPRQKPVUVJCVCTG
TGFWPFCPVCPFUQOGYJKEJCTGOKUUKPI6JKUKU1-UKPEGPQVJKPIRTGXGPVUWUHTQOTGOQXKPIFCVCRQKPVUCUKH
VJG[YGTGPGXGTOGCUWTGFCPFCFFKPICRQKPVVYKEGKUNKMGOGCUWTKPIVJGKPVGPUKV[VYKEGCVVJGUCOGXGNQEKV[
CPFUKPEGVJGQDUGTXGFKPVGPUKV[YCUOGCUWTGFYKVJQWVCPWPFGTN[KPIOQFGNYGECPQPN[CUUWOGVJCVKVKU
VJGOQUVRTQDCDNGXCNWGHQTCUGEQPFOGCUWTGOGPV
6JGTGRNCEGOGPVFCVCUGVKUIGPGTCVGFD[TCPFQON[MGGRKPIQTEJQQUKPICTGRNCEGOGPVFCVCRQKPVUWEJ
VJCV`
GQHVJGRQKPVUCTGFWRNKECVGF'CEJU[PVJGVKEFCVCUGVKUVJGPHKVVQQDVCKPUVCVKUVKEUCDQWVVJG
RCTCOGVGTFKUVTKDWVKQPU
6JGCFXCPVCIGQHVJKUOGVJQFKUVJCVKVFQGUPQVTGN[QPCPWPFGTN[KPIOQFGNUQKVYKNNIKXGCIQQF
GUVKOCVGHQTVJGTQDWUVPGUUQHVJGRCTCOGVGTUHQTCIKXGPOQFGNVQCFCVCUGVGXGPKHVJGHKVKUPQVUVCVKUVKECNN[
EQTTGEV
7UKPI%QWPVKPI5VCVKUVKEU
#OQTGPCVWTCNCPFFKTGEVCRRTQCEJECPCNUQDGWUGFKH[QWCTGEQPHKFGPVVJCVVJGOQFGNKUEQTTGEV5KPEG
VJGQPN[WPCXQKFCDNGOGCUWTGOGPVGTTQTUVJCVQEEWTKP/ÌUUDCWGTURGEVTQUEQR[OGCUWTGOGPVUCTGFWGVQ
EQWPVKPIUVCVKUVKEUKVKURQUUKDNGVQIGPGTCVGU[PVJGVKEFCVCUGVUHTQOVJGKFGCNHKVVGFOQFGND[UKORN[CFFKPI
PQKUGYJKEJKUFKUVTKDWVGFCEEQTFKPIVQVJGEQTTGEVFKUVTKDWVKQP(QTKPVGPUKV[OGCUWTGOGPVUVJGEQWPVKPI
RTQEGUURTQFWEGUC2QKUUQPFKUVTKDWVKQPQHKPVGPUKVKGUYJKEJKUYGNNCRRTQZKOCVGFD[CPQTOCN
)CWUUKCP
FKUVTKDWVKQPHQT+ YKVJ F ' +
4GEQKNUKORN[WUGUVJGTGHKPGFOQFGNVQIGPGTCVGU[PVJGVKEURGEVTCYJKEJCTGTGHKPGFVQQDVCKPUVCVKUVKEUQP
VJGRCTCOGVGTFKUVTKDWVKQPU6JKUKUCNUQCXGT[IQQFOGVJQFVQFGVGTOKPGVJGRTGEKUKQP
FWGVQUVCVKUVKECN
PQKUG[QWECPQDVCKPHQTCIKXGPOGCUWTGOGPVFWTCVKQP
CIKXGPUKIPCNVQPQKUGTCVKQ
%JCRVGT&KHHGTGPEGUDGVYGGP4GEQKNCPF/15/1&
%JCRVGT
&KHHGTGPEGU$GVYGGP4GEQKNCPF/15/1&
(QTCPCN[UKURWTRQUGUCP[VJKPIVJCVYCUFQPGYKVJVJG&15DCUGF/15/1&RTQITCOECPCNUQDGFQPG
KP4GEQKN+PCFFKVKQPPGYHGCVWTGUJCXGDGGPCFFGFVQ4GEQKNVQOCMGKVOQTGRQYGTHWNCPFGCUKGTVQWUG
9GYKNNPQYFKUEWUUVJGFKHHGTGPEGUDGVYGGPVJGVYQRTQITCOUVJCVTGNCVGVQVJGKTEQOOQPHGCVWTGU
7UKPI+UQVQRGU1VJGT6JCP(G
4GEQKNECPPQYFGCNYKVJCP[KUQVQRGYJKEJJCUC+VQ+VTCPUKVKQP6JGRCTCOGVGTUHQTGCEJ
KUQVQRGCTGMGRVKPCHKNGECNNGFKUQVQRGUKPK6JGTGCTGVYQRCTCOGVGTUHQTVJG(GKUQVQRGYJKEJCTGFKHHGTGPV
DGVYGGP4GEQKNCPF/15/1&
4GEQKN /15/1& FGUETKRVKQPCPFEQOOGPV

/QH(G
IEO CVQOKEOCUUQH(GWUGFKPVJKEMPGUUECNEWNCVKQPU6JG4GEQKN
XCNWGKUHTQOVJG%4%*CPFDQQM
VJGFKVKQP
<^II^ TCVKQQHPWENGCTIHCEVQTUQHITQWPFCPFGZEKVGFUVCVGU
VJG
WPEGTVCKPV[QPVJG4GEQKNRCTCOGVGTQDVCKPGFHTQOVJG/'&%
PWENGCTI[TQOCIPGVKEHCEVQTUKUYJGTGCUVJG
WPEGTVCKPV[QPVJG/15/1&XCNWGQDVCKPGFHTQOVJG
UVCPFCTFURNKVVKPI
/'&%XCNWGQH"(GKUUQVJG
PGYXCNWGYCURTGHGTTGF6JKUTGRTGUGPVUCFKHHGTGPEGQHQPN[
M1GHQTCURNKVVKPIQHM1GCPFKUWUWCNN[UOCNNGTVJCP
VJGUVCVKUVKECNGTTQT
&KHHGTGPEGUKPVJG+ORNGOGPVCVKQPUQHVJG#PCN[UGU
0NKPGHKVVKPIYKVJ8QKIVUQT.QTGPV\KCPU
/15/1&
+PUVGCFQHFKUVKPIWKUJKPIDGVYGGPVJGVYQNKPGUJCRGUVJGIGPGTCN8QKIVNKPGUJCRGKUCNYC[UWUGF*QYGXGT
D[FGHCWNVVJG)CWUUKCPYKFVJKUUGVCUPKNYJKEJOCMGUKVCRWTG.QTGPV\KCPNKPGUJCRG*GTGCTGCFFKVKQPCN
FKHHGTGPEGU
C VJGTGCTGPQNKOKVUQPVJGPWODGTQHRGCMUQTTGHKPGFRCTCOGVGTU
C VJGCTGCQHGCEJRGCMKUHKVPQVKVU.QTGPV\KCPJGKIJV6JKUOCMGUKVGCUKGTVQEQORCTGDGVYGGPRGCMUVJCV
JCXGFKHHGTGPVYKFVJU
4GEQKN4GHGTGPEG
C VJG.QTGPV\KCP*9*/KUPQVEQPUVTCKPGFVQDGVJGUCOGHQTCNNRGCMUCUYCUVJGECUGYJGPHKVVKPIVQ
8QKIVNKPGU+PVJKUPGYKORNGOGPVCVKQPCNNRGCMRCTCOGVGTUCTGEQORNGVGN[KPFGRGPFGPV
C UGXGTCNRCTCOGVGTUCTGGPUWTGFVQDGRJ[UKECNN[CEEGRVCDNG
C VJGYKFVJQHCRGCMOWUVDGCVNGCUVCUNCTIGCUVJGKPUVTKPUKE
*GKUGPDGTI.QTGPV\KCP*9*/
UKPEGVJKUKUVJGOCVJGOCVKECNNKOKVHQTVJKEMPGUUEQTTGEVKQPU+PRTCEVKEGRGCMYKFVJUUJQWNFDG
NCTIGTVJCPVJGGZRGTKOGPVCN.QTGPV\KCP*9*/YJKEJKUFQWDNGVJGKPVTKPUKE.QTGPV\KCP
*9*/
6JKEMPGUU%QTTGEVKQP
/15/1&
6JGECNEWNCVKQPURGTHQTOGFKPVJKUOQFWNGCTGPQYOGPWQRVKQPUHQTVJG8QKIVRGCM(KVVKPICPCN[UKU
FQEWOGPV6JGQPN[FKHHGTGPEGYKVJ/15/1&KUVJGCDKNKV[VQWUGCP[NKPGUJCRGRTQFWEGFD[8QKIVHKVVKPI
GXGPKHVJGRGCMUCTGCNN.QTGPV\KCPQTCOKZVWTGQHRWTG.QTGPV\KCPRGCMUCPF8QKIVRGCMU
.QTGPV\KCP5KVG#PCN[UKU
/15/1&
C VJGTGCTGPQNKOKVUQPVJGPWODGTQHUKVGUQTTGHKPGFRCTCOGVGTU
C VJGVQVCNCTGCQHVJGUKVGKUTGHKPGFKPUVGCFQHVJG.QTGPV\KCPJGKIJVQHCRGCM6JKURTQXKFGUUKORNGTUKVG
RQRWNCVKQPEQORCTKUQPUDGVYGGPUKVGUCPFOQTGTGNKCDNGGTTQTECNEWNCVKQPUCXQKFKPIGTTQTRTQRCICVKQP
HTQOOWNVKRNGRCTCOGVGTU
C VJGTCVKQQHRGCMYKFVJUECPPQYDGTGHKPGFVQRQUUKDN[OQFGNJ[RGTHKPGRCTCOGVGTFKUVTKDWVKQPU
KPVJG
ECUGQHUGZVGVUQTEQTTGNCVKQPU
KPVJGECUGQHFQWDNGVU$[FGHCWNVVJGTCVKQQHYKFVJUKUCNYC[U
CUKP
/15/1&
C VJGSWCFTWRQNGURNKVVKPIQHCFQWDNGVOWUVDGRQUKVKXG
QTOCIPGVKEJ[RGTHKPGHKGNFQHCUGZVGVOWUVDGRQUKVKXG
C VJGYKFVJQHCRGCMOWUVDGCVNGCUVCUNCTIGCUVYKEGVJG*GKUGPDGTI*9*/QHVJGUQWTEG
C CTGCTCVKQUQHRGCMUCTGHQTEGFVQDGRQUKVKXG
/15/1&
6JKUV[RGQHCPCN[UKUJCUDGGPEQORNGVGN[TGFGUKIPGFVQOCMGWUGQHVJGCPCN[VKECNGZRTGUUKQPHQTVJG
GZCEVNKPGUJCRGOCMKPIKVOWEJHCUVGTCPFOQTGXGTUCVKNG*GTGCTGCHGYFKHHGTGPEGU5GGVJGCPCN[UKU
FGUETKRVKQPHQTKPHQTOCVKQPQPVJGCFFGFCPCN[UKUQRVKQPU
C VJGUKVG U*9*/KUHQTEGFVQDGNCTIGTVJCPVYKEGVJG*GKUGPDGTI*9*/QHVJGUQWTEG
QTOCIPGVKEJ[RGTHKPGHKGNFKUHQTEGFVQDGRQUKVKXG
%JCRVGT&KHHGTGPEGUDGVYGGP4GEQKNCPF/15/1&
$NWOGCPF6LQP&[PCOKE.KPG5JCRG5KVG#PCN[UKU
/15/1&
C VJGCXGTCIGURKPHNKRHTGSWGPE[HCPFJCNHFKHHGTGPEGHTGSWGPE[DCTGWUGFCURCTCOGVGTUKPUVGCFQHVJG
FKTGEVHNKRHTGSWGPEKGU6JKUOCMGUKVGCUKGTVQRGTHQTOCHKVYJKNGIWCTCPVGGKPIVJCVEGTVCKPEQPUVTCKPVUCTG
TGURGEVGFUWEJCUD
H H
C VJGUKVG U*9*/KUHQTEGFVQDGNCTIGTVJCPVYKEGVJG*GKUGPDGTI*9*/QHVJGUQWTEG
QTOCIPGVKEJ[RGTHKPGHKGNFKUHQTEGFVQDGRQUKVKXG
8QKIVDCUGF(KVVKPI
/15/1&CPF
#NNVJTGGOQFWNGUCTGEQODKPGFKPVQQPGCPCN[UKUFQEWOGPVGSWKXCNGPVVQ/15/1&
C VJGTGCTGPQNKOKVUQPVJGPWODGTQHUKVGUEQORQPGPVUQTTGHKPGFRCTCOGVGTU
C VJGEQORQPGPV UJGKIJVKUPQNQPIGTWUGF+PUVGCFVJGTGNCVKXGEQPVTKDWVKQPQHVJGEQORQPGPVVQVJG
J[RGTHKPGRCTCOGVGTFKUVTKDWVKQP
35&QT*(&QHKVUIGPGTCNK\GFUKVGKUWUGFYJKNGGPUWTKPIVJCVVJGUWO
QHVJGEQORQPGPVEQPVTKDWVKQPUKU6JKUGPUWTGUVJCVCEQORNGVGIGPGTCNK\GFUKVGECPDGVTCPUHGTTGFHTQO
QPGURGEVTWOVQCPQVJGTYKVJCUQPN[TGHKPGFRCTCOGVGTVJGCTGCQHVJGUKVG+P/15/1&CNN
EQORQPGPVJGKIJVUJCFVQDGNGHVQRVKOK\GFYJGPCIGPGTCNK\GFUKVGYCUVTCPUHGTTGFDGVYGGPURGEVTC
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