COMUNICADO OFICIAL CBHPM
1A
R$ 14,49
5C
R$ 328,54
10B
R$ 1.088,81
Em resposta às consultas advindas de
inúmeros associados da nossa entidade, a
respeito da defasagem que a inflação
acarretou aos custos dos serviços médicos, a
Associação Médica Brasileira encaminhou o
assunto à Comissão de Economia Médica
para que fosse realizada uma análise
autônoma da questão, no período de
outubro/2013-setembro/2014.
1B
R$ 28,97
6A
R$ 357,84
10C
R$ 1.208,51
1C
R$ 43,47
6B
R$ 393,51
11A
R$ 1.278,56
2A
R$ 57,96
6C
R$ 430,43
11B
R$ 1.402,08
2B
R$ 76,40
7A
R$ 464,82
11C
R$ 1.538,35
2C
R$ 90,42
7B
R$ 514,48
12A
R$ 1.594,37
3A
R$ 123,55
7C
R$ 608,70
12B
R$ 1.714,08
3B
R$ 157,87
8A
R$ 657,11
12C
R$ 2.099,93
3C
R$ 180,83
8B
R$ 688,94
13A
R$ 2.311,33
4A
R$ 215,22
8C
R$ 730,96
13B
R$ 2.535,46
4B
R$ 235,60
9A
R$ 776,82
13C
R$ 2.804,16
4C
R$ 266,16
9B
R$ 849,41
14A
R$ 3.125,07
5A
R$ 286,52
9C
R$ 935,98
14B
R$ 3.400,15
5B
R$ 309,45
10A
R$ 1.004,76
14C
R$ 3.750,34
Serve o presente para comunicar que
aquela Comissão concluiu pela adoção do
INPC/IBGE do período, que corresponde ao
índice de 6,59% para correção nos valores
referenciais dos serviços médicos.
Diante disso, tal percentual de reajuste
pode ser adotado como referencial, a partir de
outubro de 2014, para a CBHPM em vigência.
Quanto a unidade de Custo Operacional
fica estabelecida 1 UCO = R$ 16,15.
São Paulo, 18 de outubro de 2014.
UCO = R$ 16,15
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ISBN 8589073-03-3
9 788589 073035
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4GEQPUVTWÁºQVQVCNCPQRGTKPGCN %
6TCVCOGPVQEKTÕTIKEQFGTGVQEGNG
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%QNÃFQEQQWJGRCVKEQRNCUVKC #
%QNÃFQEQFWQFGPQUVQOKC #
%QNÃFQEQFWQFGPQUVQOKCRQTXKFGQNCRCTQUEQRKC %
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%QNGFQEQVQOKCQWEQNGFQEQUVQOKCEQOEQNGEKUVGEVQOKC #
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DKNKCTGURQTXKFGQNCRCTQUEQRKC %
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.CRCTQVQOKCRCTCKORNCPVCÁºQEKTÕTIKECFGECVGVGTCTVGTKCN
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4GUUGEÁºQFGVWOQTFGXGUÈEWNCQWFCXKCDKNKCTEQO
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4GUUGEÁºQFGVWOQTFGXGUÈEWNCQWFCXKCDKNKCTUGO
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5GIOGPVGEVQOKCJGR¶VKEC %
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6TCVCOGPVQEKTÕTIKEQFGGUVGPQUGEKECVTKEKCNFCUXKCUDKNKCTGU #
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2CPETGCVGEVQOKCEQTRQECWFCNEQORTGUGTXCÁºQFQDCÁQ $
2CPETGCVGEVQOKCRCTEKCNQWUGSWGUVTGEVQOKC $
2CPETGCVQFWQFGPGEVQOKCEQONKPHCFGPGEVQOKC #
2CPETGCVQGPVGTQUVQOKC #
2CPETGCVQTTCſC #
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2UGWFQEKUVQR¸PETGCUFTGPCIGOGZVGTPCRQTXKFGQNCRCTQUEQRKC #
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'RKRNQRNCUVKCRQTXKFGQNCRCTQUEQRKC %
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#DUEGUUQRGTKPGCNFTGPCIGOEKTÕTIKEC $
$KÎRUKCFGRCTGFGCDFQOKPCN $
%KUVQUCETQEQEEÈIGQVTCVCOGPVQEKTÕTIKEQ %
&K¶UVCUGFQUTGVQUCDFQOKPCKUVTCVCOGPVQEKTÕTIKEQ $
*ÃTPKCKPIWKPCNGPECTEGTCFCGO40QWNCEVGPVG $
*GTPKQTTCſCEQOTGUUGEÁºQKPVGUVKPCNGUVTCPIWNCFC #
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XKFGQNCRCTQUEQRKC #
*GTPKQTTCſCETWTCNWPKNCVGTCN #
*GTPKQTTCſCETWTCNWPKNCVGTCNRQTXKFGQNCRCTQUEQRKC %
*GTPKQTTCſCGRKI¶UVTKEC $
*GTPKQTTCſCKPEKUKQPCN #
*GTPKQTTCſCKPIWKPCNWPKNCVGTCN %
*GTPKQTTCſCKPIWKPCNWPKNCVGTCNRQTXKFGQNCRCTQUEQRKC $
*GTPKQTTCſCKPIWKPCNGOETKCPÁCWPKNCVGTCN $
*GTPKQTTCſCKPIWKPCNPQ40QWNCEVGPVG %
*GTPKQTTCſCNQODCT #
*GTPKQTTCſCTGEKFKXCPVG %
*GTPKQTTCſCTGEKFKXCPVGRQTXKFGQNCRCTQUEQRKC %
*GTPKQTTCſCUGOTGUUGEÁºQKPVGUVKPCNGPECTEGTCFC %
*GTPKQTTCſCWODKNKECN #
.CRCTQVQOKCGZRNQTCFQTCQWRCTCDKÎRUKCQWRCTCFTGPCIGOFG
CDUEGUUQQWRCTCNKDGTCÁºQFGDTKFCUGOXKIÄPEKCFGQENWUºQ #
.CRCTQVQOKCGZRNQTCFQTCQWRCTCDKÎRUKCQWRCTCFTGPCIGO
FGCDUEGUUQQWRCTCNKDGTCÁºQFGDTKFCUGOXKIÄPEKCFG
QENWUºQRQTXKFGQNCRCTQUEQRKC $
0GWTQDNCUVQOCCDFQOKPCNGZÃTGUG %
1PHCNQEGNGICUVTQUSWKUGUGIWPFQVGORQVTCVCOGPVQEKTÕTIKEQ #
1PHCNQEGNGICUVTQUSWKUGGOVGORQQWRTKOGKTQVGORQQW
RTÎVGUGVTCVCOGPVQEKTÕTIKEQ %
2CTCEGPVGUGCDFQOKPCN $
4GEQPUVTWÁºQFCRCTGFGCDFQOKPCNEQOTGVCNJQOWUEWNCTQW
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4GRCTCÁºQFGQWVTCUJÃTPKCU
KPENWKJGTPKQTTCſCOWUEWNCT $
4GUUGEÁºQFGEKUVQQWHÈUVWNCFGÕTCEQ #
4GUUGEÁºQFGEKUVQQWHÈUVWNCQWTGUVQUFQFWEVQ
QPHCNQOGUGPVÃTKEQ #
4GUUWVWTCFCRCTGFGCDFQOKPCN
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#DUEGUUQTGPCNQWRGTKTGPCNFTGPCIGOEKTÕTIKEC #
#DUEGUUQTGPCNQWRGTKTGPCNFTGPCIGORGTEWV¸PGC #
#FTGPCNGEVQOKCNCRCTQUEÎRKECWPKNCVGTCN %
#FTGPCNGEVQOKCWPKNCVGTCN #
#PIKQRNCUVKCTGPCNWPKNCVGTCNCEÃWCDGTVQ #
#PIKQRNCUVKCTGPCNWPKNCVGTCNVTCPUNWOKPCN %
#WVQVTCPURNCPVGTGPCNWPKNCVGTCN $
$KÎRUKCTGPCNEKTÕTIKECWPKNCVGTCN $
$KÎRUKCTGPCNNCRCTQUEÎRKECWPKNCVGTCN #
%KUVQTGPCNGUENGTQVGTCRKCRGTEWV¸PGCRQTEKUVQ $
'PFQRKGNQVQOKCRGTEWV¸PGCWPKNCVGTCN #
'UVGPQUGFGLWPÁºQRKGNQWTGVGTCNVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCRKGNQEWV¸PGCVTCVCOGPVQEKTÕTIKEQ $
.QODQVQOKCGZRNQTCFQTC #
/CTUWRKCNK\CÁºQFGEKUVQUTGPCKUWPKNCVGTCN $
/CTUWRKCNK\CÁºQNCRCTQUEÎRKECFGEKUVQTGPCNWPKNCVGTCN #
0GHTGEVQOKCRCTEKCNEQOWTGVGTGEVQOKC #
0GHTGEVQOKCRCTEKCNNCRCTQUEÎRKECWPKNCVGTCN %
0GHTGEVQOKCRCTEKCNWPKNCVGTCN #
0GHTGEVQOKCRCTEKCNWPKNCVGTCNGZVTCEQTRÎTGC #
0GHTGEVQOKCTCFKECNNCRCTQUEÎRKECWPKNCVGTCN %
0GHTGEVQOKCTCFKECNWPKNCVGTCN $
0GHTGEVQOKCVQVCNWPKNCVGTCN $
0GHTGEVQOKCVQVCNWPKNCVGTCNRQTXKFGQNCRCTQUEQRKC #
0GHTQQWRKGNQGPVGTQEKUVQUVQOKCWPKNCVGTCN %
0GHTQNKVQVQOKCCPCVTÎſECWPKNCVGTCN #
0GHTQNKVQVQOKCRGTEWV¸PGCWPKNCVGTCN #
0GHTQNKVQVQOKCUKORNGUWPKNCVGTCN $
0GHTQNKVQVTKRUKCGZVTCEQTRÎTGCmUGUUºQ #
0GHTQNKVQVTKRUKCGZVTCEQTRÎTGCTGCRNKECÁÐGU
CVÃOGUGU %
0GHTQNKVQVTKRUKCRGTEWV¸PGCWPKNCVGTCN
/'%'*QW75 %
0GHTQNKVQVTKRUKCRGTEWV¸PGCWPKNCVGTCNCNCUGT #
0GHTQRGZKCNCRCTQUEÎRKECWPKNCVGTCN #
0GHTQRGZKCWPKNCVGTCN $
0GHTQTTCſC
VTCWOCWPKNCVGTCN %
0GHTQUVQOKCCEÃWCDGTVQWPKNCVGTCN %
0GHTQUVQOKCRGTEWV¸PGCWPKNCVGTCN $
0GHTQWTGVGTGEVQOKCEQOTGUUGEÁºQXGUKECNNCRCTQUEÎRKEC
WPKNCVGTCN %
0GHTQWTGVGTGEVQOKCEQOTGUUGEÁºQXGUKECNWPKNCVGTCN %
2KGNQNKVQVQOKCEQOPGHTQNKVQVQOKCCPCVTÎſECWPKNCVGTCN #
2KGNQNKVQVQOKCEQOPGHTQNKVQVQOKCUKORNGUWPKNCVGTCN #
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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2KGNQNKVQVQOKCNCRCTQUEÎRKECWPKNCVGTCN #
2KGNQNKVQVQOKCWPKNCVGTCN #
2KGNQRNCUVKC %
2KGNQRNCUVKCNCRCTQUEÎRKECWPKNCVGTCN %
2KGNQUVQOKCWPKNCVGTCN $
2KGNQVQOKCGZRNQTCFQTCWPKNCVGTCN $
2WPÁºQCURKTCVKXCTGPCNRCTCFKCIPÎUVKEQFGTGLGKÁºQ
CVQOÃFKEQ $
2WPÁºQDKÎRUKCTGPCNRGTEWV¸PGC #
4GXCUEWNCTK\CÁºQTGPCNSWCNSWGTVÃEPKEC %
5KPſUKQVQOKC
TKOGOHGTTCFWTC $
6TCPUWTGVGTQCPCUVQOQUG #
6TCVCOGPVQEKTÕTIKEQFCHÈUVWNCRKGNQKPVGUVKPCN $
6WOQTTGPCNGPWENGCÁºQWPKNCVGTCN #
6WOQT9KNOUVTCVCOGPVQEKTÕTIKEQ %
6WOQTGUTGVTQRGTKVQPGCKUOCNKIPQUWPKNCVGTCKUGZÃTGUG #
74'6'4
$KÎRUKCEKTÕTIKECFGWTGVGTWPKNCVGTCN #
$KÎRUKCGPFQUEÎRKECFGWTGVGTWPKNCVGTCN $
%CVGVGTKUOQWTGVGTCNWPKNCVGTCN %
%QNQECÁºQEKTÕTIKECFGFWRNQ,WPKNCVGTCN #
%QNQECÁºQEKUVQUEÎRKECFGFWRNQ,WPKNCVGTCN $
%QNQECÁºQPGHTQUEÎRKECFGFWRNQ,WPKNCVGTCN $
%QNQECÁºQWTGVGTQUEÎRKECFGFWRNQ,WPKNCVGTCN #
%QTTGÁºQNCRCTQUEÎRKECFGTGƀWZQXGUKEQWTGVGTCNWPKNCVGTCN %
&KNCVCÁºQGPFQUEÎRKECWPKNCVGTCN %
&WRNKECÁºQRKGNQWTGVGTCNVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCWTGVGTQEWV¸PGCWPKNCVGTCN
VTCVCOGPVQEKTÕTIKEQ $
(ÈUVWNCWTGVGTQKPVGUVKPCNWPKNCVGTCN
VTCVCOGPVQEKTÕTIKEQ $
(ÈUVWNCWTGVGTQXCIKPCNWPKNCVGTCN
VTCVCOGPVQEKTÕTIKEQ %
/GCVQVQOKCGPFQUEÎRKECWPKNCVGTCN %
4GƀWZQXÃUKEQWTGVGTCNVTCVCOGPVQGPFQUEÎRKEQ #
4GKORNCPVGWTGVGTCNRQTXKCGZVTCQWKPVTCXGUKECNWPKNCVGTCN %
4GKORNCPVGWTGVGTQKPVGUVKPCNNCRCTQUEÎRKEQWPKNCVGTCN %
4GKORNCPVGWTGVGTQKPVGUVKPCNWPKQWDKNCVGTCN %
4GKORNCPVGWTGVGTQXGUKECNNCRCTQUEÎRKEQWPKNCVGTCN %
4GKORNCPVGWTGVGTQXGUKECNWPKNCVGTCNXKCEQODKPCFC %
4GVKTCFCGPFQUEÎRKECFGE¶NEWNQFGWTGVGTWPKNCVGTCN $
6TCPUWTGVGTQUVQOKC #
7TGVGTGEVQOKCWPKNCVGTCN #
7TGVGTQEGNGWPKNCVGTCNTGUUGEÁºQCEÃWCDGTVQ #
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7TGVGTQEGNGUVTCVCOGPVQGPFQUEÎRKEQ %
7TGVGTQKNGQEKUVQUVQOKCWPKNCVGTCN #
7TGVGTQKNGQUVQOKCEWV¸PGCWPKNCVGTCN $
7TGVGTÎNKUGNCRCTQUEÎRKECWPKNCVGTCN %
7TGVGTÎNKUGWPKNCVGTCN $
7TGVGTQNKVQVQOKCNCRCTQUEÎRKECWPKNCVGTCN %
7TGVGTQNKVQVQOKCWPKNCVGTCN #
7TGVGTQNKVQVTKRUKCGZVTCEQTRÎTGCmUGUUºQ #
7TGVGTQNKVQVTKRUKCGZVTCEQTRÎTGCTGCRNKECÁÐGU
CVÃOGUGU %
7TGVGTQRNCUVKCNCRCTQUEÎRKECWPKNCVGTCN %
7TGVGTQRNCUVKCWPKNCVGTCN %
7TGVGTQTTGPQNKVQVQOKCWPKNCVGTCN #
7TGVGTQTTGPQNKVQVTKRUKCƀGZÈXGNCNCUGTWPKNCVGTCN #
7TGVGTQTTGPQNKVQVTKRUKCTÈIKFCWPKNCVGTCN $
7TGVGTQTTGPQNKVQVTKRUKCTÈIKFCWPKNCVGTCNCNCUGT $
7TGVGTQUUKIOQKFQRNCUVKCWPKNCVGTCN #
7TGVGTQUUKIOQKFQUVQOKCWPKNCVGTCN #
7TGVGTQUVQOKCEWV¸PGCWPKNCVGTCN #
7TGVGTQVQOKCKPVGTPCRGTEWV¸PGCWPKNCVGTCN #
7TGVGTQVQOKCKPVGTPCWTGVGTQUEÎRKECƀGZÈXGNWPKNCVGTCN %
7TGVGTQVQOKCKPVGTPCWTGVGTQUEÎRKECTÈIKFCWPKNCVGTCN #
7TGVGTQWTGVGTQEKUVQPGQUVQOKC #
7TGVGTQWTGVGTQUVQOKCNCRCTQUEÎRKECWPKNCVGTCN #
7TGVGTQWTGVGTQUVQOKCWPKNCVGTCN $
$':+)#
#ORNKCÁºQXGUKECN #
$GZKICRUÎKEC %
$KÎRUKCGPFQUEÎRKECFGDGZKIC
KPENWKEKUVQUEQRKC %
$KÎRUKCXGUKECNCEÃWCDGTVQ $
%¶NEWNQXGUKECNGZVTCÁºQGPFQUEÎRKEC %
%KUVGEVQOKCRCTEKCN %
%KUVGEVQOKCRCTEKCNNCRCTQUEÎRKEC $
%KUVGEVQOKCTCFKECN
KPENWKRTÎUVCVCQWÕVGTQ %
%KUVGEVQOKCTCFKECNNCRCTQUEÎRKEC
KPENWKRTÎUVCVCQWÕVGTQ $
%KUVGEVQOKCVQVCN $
%KUVQNKVQVQOKC #
%KUVQNKVQVTKRUKCCNCUGT %
%KUVQNKVQVTKRUKCGZVTCEQTRÎTGCmUGUUºQ #
%KUVQNKVQVTKRUKCGZVTCEQTRÎTGCTGCRNKECÁÐGU
CVÃOGUGU %
%KUVQNKVQVTKRUKCRGTEWV¸PGC
75'*'% %
%KUVQNKVQVTKRUKCVTCPUWTGVTCN
75'*'% #
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726&,5Ó5*,&26(,19$6,926
6,67(0$85,1È5,2
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3URFHGLPHQWRV
3RUWH
$':+)#
%KUVQRNCUVKCTGFWVQTC $
%KUVQTTCſC
VTCWOC #
%KUVQUVQOKCEKTÕTIKEC $
%KUVQUVQOKCEQORTQEGFKOGPVQGPFQUEÎRKEQ $
%KUVQUVQOKCRQTRWPÁºQEQOVTQECVGT $
%QNQFGFKXGTVÈEWNQTGUUGEÁºQGPFQUEÎRKEC %
%QNQXGUKECNTGUUGEÁºQGPFQUEÎRKEC #
%QTRQGUVTCPJQGZVTCÁºQEKTÕTIKEC $
%QTRQGUVTCPJQGZVTCÁºQGPFQUEÎRKEC %
%QTTGÁºQNCRCTQUEÎRKECFGKPEQPVKPÄPEKCWTKP¶TKC %
&KXGTVKEWNGEVQOKCXGUKECN $
&KXGTVKEWNGEVQOKCXGUKECNNCRCTQUEÎRKEC #
'PVGTQEKUVQRNCUVKC
CORNKCÁºQXGUKECN #
'ZVTQſCGOENQCECVTCVCOGPVQEKTÕTIKEQ %
'ZVTQſCXGUKECNVTCVCOGPVQEKTÕTIKEQ #
(ÈUVWNCXÃUKEQEWV¸PGCVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCXÃUKEQGPVÃTKECVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCXÃUKEQTGVCNVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCXÃUKEQWVGTKPCVTCVCOGPVQEKTÕTIKEQ %
(ÈUVWNCXÃUKEQXCIKPCNVTCVCOGPVQEKTÕTIKEQ %
+PEQPVKPÄPEKCWTKP¶TKCőUNKPIŒXCIKPCNQWCDFQOKPCN %
+PEQPVKPÄPEKCWTKP¶TKCUWURGPUºQGPFQUEÎRKECFGEQNQ #
+PEQPVKPÄPEKCWTKP¶TKCVTCVCOGPVQEKTÕTIKEQUWRTCRÕDKEQ $
+PEQPVKPÄPEKCWTKP¶TKCVTCVCOGPVQGPFQUEÎRKEQ
KPLGÁºQ %
+PEQPVKPÄPEKCWTKP¶TKCEQOEQNRQRNCUVKCCPVGTKQTVTCVCOGPVQ
EKTÕTIKEQ
EQOQWUGOWUQFGRTÎVGUG #
0GQDGZKICEWV¸PGCEQPVKPGPVG #
0GQDGZKICNCRCTQUEÎRKEC %
0GQDGZKICTGVCNEQPVKPGPVG $
0GQDGZKICWTGVTCNEQPVKPGPVG #
2ÎNKRQUXGUKECKUTGUUGEÁºQEKTÕTIKEC #
2ÎNKRQUXGUKECKUTGUUGEÁºQGPFQUEÎRKEC $
2WPÁºQGCURKTCÁºQXGUKECN %
4GKORNCPVGWTGVGTQXGUKECN´$QCTK %
4GVGPÁºQRQTEQ¶IWNQCURKTCÁºQXGUKECN $
4GVKTCFCGPFQUEÎRKECFGFWRNQ, %
6TCVCOGPVQFCJKRGTCVKXKFCFGXGUKECNKPLGÁºQKPVTCXGUKECNFG
VQZKPCDWVQNÈPKEC $
6WOQTXGUKECNHQVQEQCIWNCÁºQCNCUGT $
6WOQTXGUKECNTGUUGEÁºQGPFQUEÎRKEC #
8GUKEQUVQOKCEWV¸PGC $
&XVWR
2SHU
1žGH 3RUWH
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6,67(0$85,1È5,2
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3URFHGLPHQWRV
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74'64#
#DUEGUUQRGTKWTGVTCNVTCVCOGPVQEKTÕTIKEQ #
$KÎRUKCGPFQUEÎRKECFGWTGVTC $
%QTRQGUVTCPJQQWE¶NEWNQGZVTCÁºQEKTÕTIKEC $
%QTRQGUVTCPJQQWE¶NEWNQGZVTCÁºQGPFQUEÎRKEC %
&KXGTVÈEWNQWTGVTCNVTCVCOGPVQEKTÕTIKEQ #
'NGVTQEQCIWNCÁºQGPFQUEÎRKEC %
'UſPEVGTQVQOKC #
(ÈUVWNCWTGVTQEWV¸PGCEQTTGÁºQEKTÕTIKEC #
(ÈUVWNCWTGVTQTGVCNEQTTGÁºQEKTÕTIKEC %
(ÈUVWNCWTGVTQXCIKPCNEQTTGÁºQEKTÕTIKEC %
+PEQPVKPÄPEKCWTKP¶TKCOCUEWNKPCGUſEPVGTCTVKſEKCN %
+PEQPVKPÄPEKCWTKP¶TKCOCUEWNKPCUNKPI %
+PEQPVKPÄPEKCWTKP¶TKCOCUEWNKPCVTCVCOGPVQEKTÕTIKEQ
GZENWK
KORNCPVGFGGUſPEVGTCTVKſEKCN %
+PLGÁÐGURGTKWTGVTCKU
KPENWKPFQWTGVTQEKUVQEQRKCRQTVTCVCOGPVQ %
/GCVQRNCUVKC
TGVCNJQEWV¸PGQ #
/GCVQVQOKCWTGVTCN $
0GQWTGVTCRTQZKOCN
EKUVQWTGVTQRNCUVKC %
4GUUGEÁºQFGECTÕPEWNC $
4GUUGEÁºQFGX¶NXWNCWTGVTCNRQUVGTKQT $
6WOQTWTGVTCNGZEKUºQ $
7TGVTGEVQOKCVQVCN #
7TGVTQRNCUVKCCPVGTKQT #
7TGVTQRNCUVKCRQUVGTKQT %
7TGVTQUVQOKC $
7TGVTQVQOKCKPVGTPC $
7TGVTQVQOKCKPVGTPCEQORTÎVGUGGPFQWTGVTCN #
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2SHU
1žGH 3RUWH
$X[ $QHVW
1$5'48#š“1
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EQOWOCEQTFQGPVTGCURCTVGU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726&,5Ó5*,&26(,19$6,926
6,67(0$*(1,7$/(5(352'87250$6&8/,12
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24¦56#6#'8'5 %7.#55'/+0#+5
#DNCÁºQRTQUV¶VKECCNCUGT #
#DUEGUUQFGRTÎUVCVCFTGPCIGO #
$KÎRUKCRTQUV¶VKECCVÃHTCIOGPVQU $
$KÎRUKCRTQUV¶VKECOCKUFGHTCIOGPVQU %
'NGVTQXCRQTK\CÁºQFGRTÎUVCVC #
'ZÃTGUGNCRCTQUEÎRKECFGEKUVQFGXGUÈEWNCUGOKPCNWPKNCVGTCN %
*GOQTTCIKCFCNQLCRTQUV¶VKECGXCEWCÁºQGKTTKICÁºQ %
*GOQTTCIKCFCNQLCRTQUV¶VKECTGXKUºQGPFQUEÎRKEC $
*KRGTVTQſCRTQUV¶VKECKORNCPVGFGRTÎVGUG $
*KRGTVTQſCRTQUV¶VKECVTCVCOGPVQRQTFKNCVCÁºQ %
2TQUVCVCXGUKEWNGEVQOKCTCFKECN #
2TQUVCVCXGUKEWNGEVQOKCTCFKECNNCRCTQUEÎRKEC %
2TQUVCVGEVQOKCCEÃWCDGTVQ #
4GUUGEÁºQGPFQUEÎRKECFCRTÎUVCVC $
1$5'48#š“1
4GHGTGPVGCQUEÎFKIQUG
3WCPFQQTKGPVCFQURQT75CETGUEGPVCT756TCPUTGVCN
'5%4161
&TGPCIGOFGCDUEGUUQ $
'NGHCPVÈCUGRGPQGUETQVCNVTCVCOGPVQEKTÕTIKEQ #
'ZÃTGUGFGEKUVQGUETQVCN $
4GEQPUVTWÁºQFCDQNUCGUETQVCNEQOTGVCNJQKPIWKPCN
RGFKEWNCFQRQTGUV¶IKQ $
4GUUGEÁºQRCTEKCNFCDQNUCGUETQVCN #
6'56 %7.1
#WVQVTCPURNCPVGFGWOVGUVÈEWNQ #
$KÎRUKCWPKNCVGTCNFGVGUVÈEWNQ $
%QTTGÁºQNCRCTQUEÎRKECFGXCTKEQEGNGWPKNCVGTCN %
'UETQVQCIWFQGZRNQTCÁºQEKTÕTIKEC #
*KFTQEGNGWPKNCVGTCNEQTTGÁºQEKTÕTIKEC %
+ORNCPVGFGRTÎVGUGVGUVKEWNCTWPKNCVGTCN $
1TSWKFQRGZKCNCRCTQUEÎRKECWPKNCVGTCN #
1TSWKFQRGZKCWPKNCVGTCN #
1TSWKGEVQOKCKPVTCCDFQOKPCNNCRCTQUEÎRKECWPKNCVGTCN #
1TSWKGEVQOKCWPKNCVGTCN #
2WPÁºQFCXCIKPCN $
4GRCTCÁºQRN¶UVKEC
VTCWOC %
6QTÁºQFGVGUVÈEWNQEWTCEKTÕTIKEC #
6WOQTFGVGUVÈEWNQTGUUGEÁºQ #
8CTKEQEGNGWPKNCVGTCNEQTTGÁºQEKTÕTIKEC #
&XVWR
2SHU
1žGH 3RUWH
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352&(',0(1726&,5Ó5*,&26(,19$6,926
6,67(0$*(1,7$/(5(352'87250$6&8/,12
&yGLJR
3URFHGLPHQWRV
3RUWH
'2+& &+/1
$KÎRUKCFGGRKFÈFKOQ $
&TGPCIGOFGCDUEGUUQ $
'RKFKFKOGEVQOKCWPKNCVGTCN %
'RKFKFKOQXCUQRNCUVKCWPKNCVGTCN $
'RKFKFKOQXCUQRNCUVKCWPKNCVGTCNOKETQEKTÕTIKEC #
'ZÃTGUGFGEKUVQWPKNCVGTCN %
%14&“1'52'4/6+%1
%KTWTIKCGUVGTKNK\CFQTCOCUEWNKPC #
'URGTOCVQEGNGEVQOKCWPKNCVGTCN %
'ZRNQTCÁºQEKTÕTIKECFQFGHGTGPVGWPKNCVGTCN %
4GECPCNK\CÁºQFQUFWEVQUFGHGTGPVGU $
8CUGEVQOKCWPKNCVGTCN %
8CUQXCUQUVQOKCOKETQEKTÕTIKECWPKNCVGTCN
TGECPCNK\CÁºQ
FQUFWEVQUFGHGTGPVGU %
&XVWR
2SHU
1žGH 3RUWH
$X[ $QHVW
1$5'48#š¨'5
4GHGTGPVGCQEÎFKIQ%KTWTIKCGUVGTKNK\CFQTCOCUEWNKPC
#GUVGTKNK\CÁºQOCUEWNKPCÃWOEQPLWPVQFGCÁÐGUEQORNGZCUFCUSWCKUQCVQOÃFKEQEKTÕTIKEQFG
NKICFWTCDKNCVGTCNFQUECPCKUFGHGTGPVGUÃCRGPCUWOCFCUGVCRCU 1RTQEGFKOGPVQEKTÕTIKEQFGGUVGTKNK\CÁºQOCUEWNKPCRQFGUGTTGCNK\CFQCRGPCUGORCEKGPVGUEQO
ECRCEKFCFGEKXKNRNGPCFGCEQTFQEQOQRTGXKUVQPC.GKFGFGLCPGKTQFGGUQOGPVG
UGUUGPVCFKCUFGRQKUFCOCPKHGUVCÁºQFGXQPVCFG
#OCPKHGUVCÁºQFGXQPVCFGDGOEQOQQRTQEGFKOGPVQTGCNK\CFQFGXGOGUVCTFGXKFCOGPVGTG
IKUVTCFQGORTQPVW¶TKQU
1OÃFKEQSWGUGRTQRÐGCTGCNK\CTQRTQEGFKOGPVQFGGUVGTKNK\CÁºQOCUEWNKPCFGXGGUVCTJCDKNKVC
FQRCTCRTQEGFGTCUWCTGXGTUºQ
20+5
#ORWVCÁºQRCTEKCN $
#ORWVCÁºQVQVCN #
$KÎRUKCRGPKCPC $
&QGPÁCFG2G[TQPKGVTCVCOGPVQEKTÕTIKEQ $
'NGVTQEQCIWNCÁºQFGNGUÐGUEWV¸PGCU $
'OCUEWNCÁºQ #
'RKURCFKCTGEQPUVTWÁºQRQTGVCRC $
'RKURCFKCEQOKPEQPVKPÄPEKCVTCVCOGPVQEKTÕTIKEQ %
(TCVWTCFGRÄPKUVTCVCOGPVQEKTÕTIKEQ #
*KRQURCFKCRQTGUV¶IKQ #
*KRQURCFKCFKUVCNVTCVCOGPVQGOVGORQ $
*KRQURCFKCRTQZKOCNVTCVCOGPVQGOVGORQ $
+ORNCPVGFGRTÎVGUGUGOKTÈIKFC
GZENWKRTÎVGUGUKPƀ¶XGKU #
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726&,5Ó5*,&26(,19$6,926
6,67(0$*(1,7$/(5(352'87250$6&8/,12
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3RUWH
20+5
0GQHCNQRNCUVKCRQTGUV¶IKQ $
0GQHCNQRNCUVKCEQOTGVCNJQKPIWKPCNRGFKEWNCFQEQO
TGEQPUVTWÁºQWTGVTCNRQTGUV¶IKQ $
2CTCſOQUGTGFWÁºQOCPWCNQWEKTÕTIKEC $
2ÄPKUEWTXQEQPIÄPKVQ $
2N¶UVKECTGVCNJQEWV¸PGQ´FKUV¸PEKC $
2N¶UVKECFGEQTRQECXGTPQUQ #
2N¶UVKECFQHTGKQD¶NCPQRTGRWEKCN $
2QUVGEVQOKC %
2TKCRKUOQVTCVCOGPVQEKTÕTIKEQ #
4GEQPUVTWÁºQFGRÄPKUEQOGPZGTVQRN¶UVKECVQVCN $
4GKORNCPVGFQRÄPKU #
4GXCUEWNCTK\CÁºQRGPKCPC $
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EQOWOCEQTFQGPVTGCURCTVGU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726&,5Ó5*,&26(,19$6,926
6,67(0$*(1,7$/(5(352'8725)(0,1,12
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87.8#
$CTVQNKPGEVQOKCWPKNCVGTCN $
$KÎRUKCFGXWNXC $
%CWVGTK\CÁºQSWÈOKECQWGNGVTQECWVGTK\CÁºQQW $
ETKQECWVGTK\CÁºQFGNGUÐGUFCXWNXC
RQTITWRQFGCVÃNGUÐGU
%NKVQTGEVQOKC
RCTEKCNQWVQVCN #
%NKVQTQRNCUVKC $
'ZEKUºQTCFKECNNQECNFCXWNXC
PºQKPENWKCNKPHCFGPGEVQOKC #
'ZÃTGUGFGIN¸PFWNCFG5MGPG $
'ZÃTGUGFGNGUºQFCXWNXCGQWFQRGTÈPGQ
RQTITWRQFG
CVÃNGUÐGU %
*KRGTVTQſCFQURGSWGPQUN¶DKQUEQTTGÁºQEKTÕTIKEC %
+PEKUºQGFTGPCIGOFCIN¸PFWNCFG$CTVJQNKPQW5MGPG $
/CTUWRKCNK\CÁºQFCIN¸PFWNCFG$CTVJQNKP %
8WNXGEVQOKCCORNKCFC
PºQKPENWKCNKPHCFGPGEVQOKC $
8WNXGEVQOKCUKORNGU $
8#)+0#
$KÎRUKCFGXCIKPC $
%CWVGTK\CÁºQSWÈOKECQWGNGVTQECWVGTK\CÁºQQWETKQECWVGTK\CÁºQ
FGNGUÐGUFCXCIKPC
RQTITWRQFGCVÃNGUÐGU $
%QNRGEVQOKC %
%QNRQENGKUG
.GHQTV $
%QNRQRNCUVKCCPVGTKQT %
%QNRQRNCUVKCRQUVGTKQTEQORGTKPGQTTCſC $
%QNRQTTCſCQWEQNRQRGTKPGQRNCUVKCKPENWKPFQTGUUGEÁºQFG
UGRVQQWTGUUWVWTCFGRCTGFGXCIKPCN #
%QNRQVQOKCQWEWNFQEGPVGUG $
'ZÃTGUGFGEKUVQXCIKPCN $
'ZVTCÁºQFGEQTRQGUVTCPJQEQOCPGUVGUKCIGTCNQWDNQSWGKQ %
(ÈUVWNCIKPGEQNÎIKECVTCVCOGPVQEKTÕTIKEQ $
*KOGPQVQOKC $
0GQXCIKPC
EÎNQPFGNICFQVWDQFGRGNG $
­6'41
#URKTCÁºQOCPWCNKPVTCWVGTKPC
#/+7 #
$KÎRUKCFQEQNQWVGTKPQ $
$KÎRUKCFQGPFQOÃVTKQ $
%CWVGTK\CÁºQSWÈOKECQWGNGVTQECWVGTK\CÁºQQW
ETKQECWVGTK\CÁºQFGNGUÐGUFGEQNQWVGTKPQ
RQTUGUUºQ $
%WTGVCIGOIKPGEQNÎIKECUGOKÎVKECGQWVGTCRÄWVKECEQO
QWUGOFKNCVCÁºQFGEQNQWVGTKPQ #
%WTGVCIGOWVGTKPCRÎURCTVQ #
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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&KNCVCÁºQFQEQNQWVGTKPQ #
'ZEKUºQFGRÎNKRQEGTXKECN #
*KUVGTGEVQOKCRÎURCTVQ %
*KUVGTGEVQOKCUWDVQVCNEQOQWUGOCPGZGEVQOKCWPKQW
DKNCVGTCNSWCNSWGTXKC %
*KUVGTGEVQOKCUWDVQVCNNCRCTQUEÎRKECEQOQWUGO
CPGZGEVQOKCWPKQWDKNCVGTCNXKCCNVC %
*KUVGTGEVQOKCVQVCNSWCNSWGTXKC #
*KUVGTGEVQOKCVQVCNCORNKCFCSWCNSWGTXKC
PºQKPENWKC
NKPHCFGPGEVQOKCRÃNXKEC $
*KUVGTGEVQOKCVQVCNEQOCPGZGEVQOKCWPKQWDKNCVGTCN
SWCNSWGTXKC $
*KUVGTGEVQOKCVQVCNNCRCTQUEÎRKEC $
*KUVGTGEVQOKCVQVCNNCRCTQUEÎRKECCORNKCFC %
*KUVGTGEVQOKCVQVCNNCRCTQUEÎRKECEQOCPGZGEVQOKC
WPKQWDKNCVGTCN #
*KUVGTQUEQRKCEKTÕTIKECEQODKÎRUKCGQWEWTGVCIGOWVGTKPC
NKUGFGUKPÃSWKCUTGVKTCFCFGEQTRQGUVTCPJQ #
*KUVGTQUEQRKCEQOTGUUGEVQUEÎRKQRCTCOKQOGEVQOKC
RQNKRGEVQOKCOGVTQRNCUVKCGPFQOGVTGEVQOKCGTGUUGEÁºQ
FGUKPÃSWKCU $
+ORNCPVGFGFKURQUKVKXQKPVTCWVGTKPQ
&+7JQTOQPCN #
+ORNCPVGFGFKURQUKVKXQKPVTCWVGTKPQ
&+7PºQJQTOQPCN #
/GVTQRNCUVKC
5VTCUUOCPPQWQWVTCVÃEPKEC #
/GVTQRNCUVKCNCRCTQUEÎRKEC %
/KQOGEVQOKCWVGTKPC #
/KQOGEVQOKCWVGTKPCNCRCTQUEÎRKEC %
6TCSWGNGEVQOKCCORWVCÁºQEQPK\CÁºQ
EQOQWUGO
EKTWTIKCFGCNVCHTGSWÄPEKC%#( $
6TCSWGNGEVQOKCTCFKECN
PºQKPENWKCNKPHCFGPGEVQOKC %
67$#5
%KTWTIKCGUVGTKNK\CFQTCHGOKPKPC #
%KTWTIKCGUVGTKNK\CFQTCHGOKPKPCNCRCTQUEÎRKEC #
+ORNCPVGFGFKURQUKVKXQKPVTCVWD¶TKQPºQJQTOQPCN #
0GQUUCNRKPIQUVQOKCFKUVCN #
0GQUUCNRKPIQUVQOKCFKUVCNNCRCTQUEÎRKEC #
4GECPCNK\CÁºQVWD¶TKCSWCNSWGTVÃEPKECWPKQWDKNCVGTCN
EQOOKETQUEÎRKQQWNWRC #
4GECPCNK\CÁºQVWD¶TKCNCRCTQUEÎRKECWPKQWDKNCVGTCN %
5CNRKPIGEVQOKCWPKQWDKNCVGTCN %
5CNRKPIGEVQOKCWPKQWDKNCVGTCNNCRCTQUEÎRKEC #
&XVWR
2SHU
1žGH 3RUWH
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6,67(0$*(1,7$/(5(352'8725)(0,1,12
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3RUWH
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1$5'48#š¨'5
4GHGTGPVGCQUEÎFKIQUG
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&KTGVTK\GUFGWVKNK\CÁºQTGHGTGPVGCQEÎFKIQ
%QPFKÁÐGUGNGIÈXGKU´GUVGTKNK\CÁºQCVTCXÃUFGFKURQUKVKXQKPVTCVWD¶TKQ
RCEKGPVGUFGCNVQTKUEQEKTÕTIKEQ
RCEKGPVGUSWGPºQRQFGOHC\GTWUQFGCPGUVÃUKEQ
RCEKGPVGUEQOJKUVÎTKEQFGIGUVCÁºQFGCNVQTKUEQ
RCEKGPVGUECTFKQRCVCUEQOCNVQőUEQTGŒFGTKUEQŒRTÃQRGTCVÎTKQ
RCEKGPVGURQTVCFQTCUFGPÈXGKUINKEÄOKEQURGTOCPGPVGOGPVGGNGXCFQUGFGFKHÈEKNEQPVTQNG
RCEKGPVGURQTVCFQTCUFGJGRCVQRCVKCU
RCEKGPVGURQTVCFQTCUFGQDGUKFCFGOÎTDKFC
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.KRÈFKQUVQVCKUFQUCIGOFG#
.KRQRTQVGÈPC
C.R
CFQUCIGOFG#
&XVWR
2SHU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
$+137 /+%#
.ÈVKQFQUCIGOFG#
.QTC\GRCOFQUCIGOFG#
/CIPÃUKQFQUCIGOFG#
/CNVQUGVGUVGFGVQNGT¸PEKCFG#
/CPICPÄUUÃTKEQFQUCIGOFG#
/CRTQVKNKPCFQUCIGOFG#
/CTECFQTGUECTFÈCEQUFKCIPÎUVKEQUFG#
/KFC\QNCOFQUCIGOFG#
/KQINQDKPCFQUCIGOFG#
/WEQRQNKUUCECTKFQUGFQUCIGOFG#
0#EGVKNICNCEVQUCOKPKFCUGFQUCIGOFG#
0#EGVKNINKEQUCOKPKFCUGFQUCIGOFG#
0KVTQIÄPKQCOQPKCECNFQUCIGOFG#
0KVTQIÄPKQVQVCNFQUCIGOFG#
0GWTQPVKPFG#
1EKVQEKPCUGFQUCIGOFG#
1UOQNCNKFCFGFQUCIGOFG#
1ZECTDC\GRKPCFQUCIGOFG#
2#22#FQUCIGOGQWRGUSWKUC %
2CTQZGVKPCFQUCIGOFG#
2GRVÈFGQPCVTKWTÃVKEQ$02241$02FQUCIGOFG#
2GPVCENQTQHGPQNFQUCIGOFG#
2GTſNNKRÈFKEQNKRKFQITCOC
NÈRKFKQUVQVCKUEQNGUVGTQNVTKINKEGTÈFKQUG
GNGVTQHQTGUGNKRQRTQVGÈPCUFQUCIGOFG#
2KTKOGVCOKPCFQUCIGOFG#
2KTWXCVQSWKPCUGFQUCIGOFG#
2QTſTKPCUHTCEKQPCFCURNCUO¶VKECUFG#
2QTſTKPCUSWCPVKVCVKXCU
ECFCFQUCIGOFG#
2QV¶UUKQFQUCIGOFG#
2TÃCNDWOKPCFQUCIGOFG#
2TKOKFQPCFQUCIGOFG#
2TQECKPCOKFCFQUCIGOFG#
2TQECNEKVQPKPCFQUCIGOFG#
2TQRCPQNQNFQUCIGOFG#
2TQVGÈPCNKICFQTCFQTGVKPQNFQUCIGOFG#
2TQVGÈPCUVQVCKUFG#
2TQVGÈPCUVQVCKUCNDWOKPCGINQDWNKPCFQUCIGOFG#
3WKPKFKPCFQUCIGOFG#
4GEGRVQTUQNÕXGNFGVTCPUHGTTKPCFG#
4GUGTXCCNECNKPC
DKECTDQPCVQFQUCIGOFG#
5CECTQUGVGUVGFGVQNGT¸PEKCFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
&XVWR
2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
$+137 /+%#
5KTQNKOWUFQUCIGOFG#
5ÎFKQFQUCIGOFG#
5WEEKPKNCEGVQPCFQUCIGOFG#
5WNHCOGVQZC\QNFQUCIGOFG#
5WNHQPCOKFCUNKXTGGCEGVKNCFC
FGCEGVKNCÁºQFQUCIGOFG#
5YGNNKPIVGUVFG#
6CETQNKOWUFQUCIGOFG#
6¶NKQFQUCIGOFG#
6GQſNKPCFQUCIGOFG#
6GUVGFGVQNGT¸PEKCCKPUWNKPCQWJKRQINKEGOKCPVGUQTCKU
CVÃFQUCIGPU #
6GUVGQTCNFGVQNGT¸PEKC´INKEQUGFQUCIGPUFG#
6KTQUKPCFQUCIGOFG#
6QRKTCOCVQFQUCIGO
UCPIWGFG#
6TCPUCOKPCUGQZCNCEÃVKEC
COKPQVTCPUHGTCUGCURCTVCVQFQUCIGOFG#
6TCPUCOKPCUGRKTÕXKEC
COKPQVTCPUHGTCUGFGCNCPKPCFQUCIGOFG#
6TCPUHGTTKPCFQUCIGOFG#
6TKC\QNCOFQUCIGOFG#
6TKINKEGTÈFGQUFQUCIGOFG#
6TKOKRTCOKPCFQUCIGOFG#
6TKRUKPCFQUCIGOFG#
6TKRUKPCKOWPQTGCVKXC
+46RGUSWKUCGQWFQUCIGOFG#
6TQRQPKPCFQUCIGOFG#
7TÃKCFQUCIGOFG#
7TQDKNKPQIÄPKQFQUCIGOFG#
8CPEQOKEKPCFQUCIGOFG#
8KICDCVTKPCFQUCIGOFG#
8KVCOKPCő&Œ*+&41:+
8KVCOKPC&FQUCIGOFG#
8KVCOKPC#FQUCIGOFG#
8KVCOKPC$FQUCIGOFG#
8KVCOKPC$FQUCIGOFG#
8KVCOKPC$FQUCIGOFG#
8KVCOKPC$FQUCIGOFG#
8KVCOKPC&FQUCIGOFG#
8KVCOKPC'FQUCIGOFG#
8KVCOKPC-FQUCIGOFG#
:KNQUGVGUVGFGCDUQTÁºQ´FG#
<KPEQGTKVTQEK¶TKQFQUCIGOFG#
&XVWR
2SHU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
%1241.1)+#
#NHCCPVKVTKRUKPC
HG\GURGUSWKUCGQWFQUCIGOFG#
#PCN5YCDRGUSWKUCFGQZKÕTWUFG#
%QRTQNÎIKEQHWPEKQPCN
ECTCEVGTGUR*FKIGUVKDKNKFCFGCOÏPKC
¶EKFQUQTI¸PKEQUGKPVGTRTGVCÁºQFG#
'QUKPÎſNQURGUSWKUCPCUHG\GUFG#
'UVGCVÎETKVQVTKCIGORCTCIQTFWTCHGECNFG#
'UVGTEQDKNKPQIÄPKQHGECNFQUCIGOFG#
)QTFWTCHGECNFQUCIGOFG#
*GOCVQZKNKPCHÃTTKECRGUSWKUCFGRTQVQ\Q¶TKQUPCUHG\GUFG#
+FGPVKſECÁºQFGJGNOKPVQUGZCOGFGHTCIOGPVQUPCUHG\GUFG#
.CTXCU
HG\GURGUSWKUCFG#
.GWEÎEKVQUGJGO¶EKCURGUSWKUCPCUHG\GUFG#
.GXGFWTCURGUSWKUCPCUHG\GUFG#
1QITCOCPCUHG\GUFG#
2CTCUKVQNÎIKEQPCUHG\GUFG#
2CTCUKVQNÎIKEQEQNJGKVCOÕNVKRNCEQOHQTPGEKOGPVQFQNÈSWKFQ
EQPUGTXCPVGPCUHG\GUFG#
5CPIWGQEWNVQRGUSWKUCPCUHG\GUFG#
5CPIWGQEWNVQPCUHG\GURGUSWKUCKOWPQNÎIKECFG#
5JKUVQUUQOCRGUSWKUCQXQUGOHTCIOGPVQUOWEQUCCRÎUDKÎRUKCTGVCNFG#
5WDUV¸PEKCUTGFWVQTCUPCUHG\GURGUSWKUCFG#
6TKRUKPCRTQXCFG
FKIGUVºQFCIGNCVKPCFG#
*'/#61.1)+#.#$14#614+#.
#FGUKXKFCFGRNCSWGV¶TKCFG#
#NHCCPVKRNCUOKPCVGUVGHWPEKQPCNFG#
#NHCVCNCUUGOKCRQTDKQNQIKCOQNGEWNCTFG#
#P¶NKUGFGOWNVÈOGTQURCTCRCEKGPVGUEQOFQGPÁCFG8QP9KNNGDTCPF %
#PVKEQCIWNCPVGNÕRKEQRGUSWKUCFG#
#PVKEQTRQCPVK#G$RGUSWKUCGQWFQUCIGOFG#
#PVKEQTRQCPVKOKGNQRGTQZKFCUG/21FQUCIGOFG#
#PVKEQTRQUCPVKRNCSWGV¶TKQUEKVQOGVTKCFGƀWZQFG#
#PVKEQTRQUKTTGIWNCTGURGUSWKUC
OGKQUCNKPQCVGORGTCVWTC
CODKGPVGGGVGUVGKPFKTGVQFGEQQODUFG#
#PVKEQTRQUKTTGIWNCTGURGUSWKUCGQWFQUCIGOFG#
#PVKVTQODKPC+++FQUCIGOFG#
#VKXCFQTVKUUWNCTFGRNCUOKPQIÄPKQ
62#FQUCIGOFG#
$CÁQGZCOGFGGUHTGICÁQFGCURKTCFQ #
%CFGKC-CRRC.CODFCNGXGNKXTGUCPIWGQWWTKPCFG#
%&
CPVÈIGPQFGFKH%GNWNCTECFCFGVGTOKPCÁºQRGUSWKUCGQW
FQUCIGOFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
&XVWR
2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
*'/#61.1)+#.#$14#614+#.
%&KOWPQHGPQVKRCIGOFG#
%&KOWPQHGPQVKRCIGOFG#
%&OCTECFQTKUQNCFQFG#
%KENKPC&KOWPQHGPQVKRCIGOFG#
%KVQSWÈOKECRCTCENCUUKſECTNGWEGOKCGUVGTCUGHQUHCVCUG
NGWEQEKV¶TKC2#5RGTQZKFCUGQW5$GVEECFCFG#
%QCIWNQITCOC
656%RTQXCFQNCÁQTGVTCÁºQFQEQ¶IWNQ
EQPVCIGOFGRNCSWGVCUVGORQFGRTQVTQODKPCVGORQFG
VTQODQRNCUVKPCRCTEKCNCVKXCFQFG#
%QPUWOQFGRTQVTQODKPCFG#
%QQODUFKTGVQFG#
%QQODUKPFKTGVQFG#
%TQUUOCVEJRNCSWGV¶TKQFG#
&ÈOGTQ&FQUCIGOFG#
'P\KOCUGTKVTQEKV¶TKCU
CFGPKNCVQSWKPCUGFGUKFTQIGPCUGN¶EVKEC
HQUHQHTWEVQSWKPCUGHQUHQINKEGTCVQSWKPCUGINKEGTCNFGÈFQ
HQUHCVQFGUKFTQIGPCUGINKEQUGHQUHCVQKUQOGTCUGINKEQUG
HQUHCVQFGUKFTQIGPCUGINWVCVKQPRGTQZKFCUGINWVCVKQPRGUSWKUC
GQWFQUCIGOFG#
'P\KOCUGTKVTQEKV¶TKCUTCUVTGKQRCTCFGſEKÄPEKCFG#
'URNGPQITCOC
EKVQNQIKCFG#
'UVTGRVQ\KOCFQUCIGOFG#
(CNEK\CÁºQVGUVGFGFG#
(CVQTRNCSWGV¶TKQFQUCIGPUFG#
(CVQT++FQUCIGOFG#
(CVQT++FQUCIGOFQKPKDKFQTFG#
(CVQT8FQUCIGOFG#
(CVQT8++FQUCIGOFG#
(CVQT8++FQUCIGOFQKPKDKFQTFG#
(CVQT8+++FQUCIGOFG#
(CVQT8+++FQUCIGOFQCPVÈIGPQ
8QP9KNNGDTCPFFG#
(CVQT8+++FQUCIGOFQKPKDKFQTFG#
(CVQT+:FQUCIGOFG#
(CVQT+:FQUCIGOFQKPKDKFQTFG#
(CVQT:CVKXCFQFG#
(CVQT:FQUCIGOFG#
(CVQT:+FQUCIGOFG#
(CVQT:++FQUCIGOFG#
(CVQT:+++FQUCIGOVGUVGHWPEKQPCNFG#
(CVQT:+++RGUSWKUCFG#
(GPQVKRCIGOFQUKUVGOC4J*T
CPVK4JQ
&CPVK4J
%CPVK4J
'FG#
(KDTKPQIÄPKQFQUCIGOFG#
&XVWR
2SHU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
*'/#61.1)+#.#$14#614+#.
(KDTKPQIÄPKQSWCPVKVCVKXQPGHGNQOGVTKCFG#
(KN¶TKCRGUSWKUCFG#
)TWRQ#$1ENCUUKſECÁºQTGXGTUCFGVGTOKPCÁºQFG#
)TWRQUCPIWÈPGQ#$1GHCVQT4JQ
KPENWK&WFGVGTOKPCÁºQFG#
*COVGUVGFG
JGOÎNKUG¶EKFCFG#
*GKP\EQTRÕUEWNQURGUSWKUCFG#
*GO¶EKCUEQPVCIGOFG#
*GO¶EKCUHGVCKURGUSWKUCFG#
*GOCVÎETKVQFGVGTOKPCÁºQFQFG#
*GOQINQDKPC
GNGVTQHQTGUGQW*2.%FG#
*GOQINQDKPCHGVCNFQUCIGOFG#
*GOQINQDKPC*RGUSWKUCFG#
*GOQINQDKPCKPUVCDKNKFCFGCITCWU%FG#
*GOQINQDKPCFQUCIGOFG#
*GOQINQDKPCUQNWDKNKFCFG
*D5G*D&RGUSWKUCFG#
*GOQINQDKPQRCVKCPGQPCVCNUCPIWGRGTKHÃTKEQFG#
*GOQINQDKPQRCVKCVTKCIGO
'N*$JGOQINQDHGVCNTGVKEWNÎEKVQU
EQTRQUFG*6HCNEK\CÁºQJGO¶EKCUTGUKUVQUOÎVKECVGTOQGUVCDKNKFCFGFG#
*GOQITCOCEQOEQPVCIGOFGRNCSWGVCUQWHTCÁÐGU
GTKVTQITCOC
NGWEQITCOCRNCSWGVCUFG#
*GOQUUGFKOGPVCÁºQ
8*5XGNQEKFCFGFG#
*GOQUUKFGTKPC
UKFGTÎEKVQUUCPIWGQWWTKPCRGUSWKUCFG#
*GRCTKPCFQUCIGOFG#
+OWPQHGPQVKRCIGORCTCFQGPÁCTGUKFWCNOÈPKOC
FG#
+OWPQHGPQVKRCIGORCTCJGOQINQDKPÕTKCRCTQZKUVKECPQVWTPC
FG#
+OWPQHGPQVKRCIGORCTCNGWEGOKCUCIWFCUQWUÈPFTQOGOKGNQFKURN¶UKEC
FG#
+OWPQHGPQVKRCIGORCTCNKPHQOCPºQ*QFIMKPUÈPFTQOG
NKPHQRTQNKHGTCVKXCETÏPKEC
FG#
+OWPQHGPQVKRCIGORCTCRGTſNKOWPG
FG#
+PKDKFQTFQ62#
2#+RGUSWKUCGQWFQUCIGOFG#
+PKDKFQTFQUHCVQTGUFCJGOQUVCUKCVTKCIGOFG#
.GWEÎEKVQUEQPVCIGOFG#
.KPHQPQFQGZCOGFGGUHTGICÁQFGCURKTCFQ #
/GFWNCÎUUGCCURKTCÁºQRCTCOKGNQITCOCQWOKETQDKQNÎIKEQ #
/GVCJGOQINQDKPCFGVGTOKPCÁºQFCFG#
/KETQGUHGTÎEKVQURGUSWKUCFGFG#
/KGNQITCOCFG#
0GWVTÎſNQURGUSWKUCFGFG#
2NCSWGVCUVGUVGFGCITGICÁºQ
RQTCIGPVGCITGICPVGECFCFG#
2NCUOKPQIÄPKQFQUCIGOFG#
2NCUOÎFKQRGUSWKUCFG#
2TQFWVQUFGFGITCFCÁºQFCſDTKPCSWCNKVCVKXQFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
&XVWR
2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
*'/#61.1)+#.#$14#614+#.
2TQFWVQUFGFGITCFCÁºQFCſDTKPCSWCPVKVCVKXQFG#
2TQVGÈPC%FQUCIGOFG#
2TQVGÈPC5NKXTGFQUCIGOFG#
2TQVGÈPC5VGUVGHWPEKQPCNFG#
2TQVQRQTſTKPCGTKVTQEKV¶TKCNKXTG\KPEQFQUCIGOFG#
2TQVTQODKPCRGUSWKUCFGOWVCÁºQ #
2TQXCFQNCÁQFG#
2TQXCHWPEKQPCN&&#82Ō8QP9KNNGDTCPF
JQTCFG#
2TQXCHWPEKQPCN&&#82Ō8QP9KNNGDTCPF
JQTCU %
4GUKUVÄPEKCINQDWNCTEWTXCFGFG#
4GVKEWNÎEKVQUEQPVCIGOFG#
4GVTCÁºQFQEQ¶IWNQFG#
4KUVQEGVKPCEQHCVQTVGUVGHWPEKQPCNFQUCIGOFG#
5WNHQJGOQINQDKPCFGVGTOKPCÁºQFCFG#
6GORQFGEQCIWNCÁºQFGVGTOKPCÁºQFG#
6GORQFGEQCIWNCÁºQCVKXCFQ
6%#FG#
6GORQFGNKUGFGGWINQDWNKPCFG#
6GORQFGRTQVTQODKPCFGVGTOKPCÁºQFG#
6GORQFGTGRVKNCUGFGVGTOKPCÁºQFG#
6GORQFGUCPITCOGPVQ
&WMGFGVGTOKPCÁºQFG#
6GORQFGUCPITCOGPVQFG+8;FGVGTOKPCÁºQFG#
6GUVGETW\CFQFGITWRQUUCPIWÈPGQUFG#
6GUVGFGGUVÈOWNQ&&#382RCTCFQUCIGOFGEQTVKUQNG#%6*FG#
6GUVGFGXKCDKNKFCFGEGNWNCTEKVQOGVTKCFGƀWZQQWVTQUOCVGTKCKUFG#
6GORQFGVTQODKPCFGVGTOKPCÁºQFG#
6GORQFGVTQODQRNCUVKPCRCTEKCNCVKXCFCFGVGTOKPCÁºQFG#
6TKRCPQUUQOCRGUSWKUCFG#
6TQODQGNCUVQITCOCRGUSWKUCGQWFQUCIGOFG#
&XVWR
2SHU
1$5'48#š“1
4GHGTGPVGCQUEÎFKIQUG
2CTCGUENCTGEKOGPVQFKCIPÎUVKEQFGſPKVKXQRQFGT¶UGTPGEGUU¶TKCCTGCNK\CÁºQFGOCTECFQTGUCFKEKQ
PCKUUGIWPFQQEÎFKIQRCTCECFCOCTECFQTGZEGFGPVG
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
'0&1%4+01.1)+#.#$14#614+#.
FKJKFTQZKXKVCOKPC&FQUCIGOFG#
FGUQZKEQTVKEQUVGTQPCFQUCIGOFG#
CNHCJKFTQZKRTQIGUVGTQPCFQUCIGOFG#
EGVQIÄPKEQU
%)5FQUCIGOFG#
EGVQIÄPKEQUETQOCVQITCſCFG#
EGVQUVGTÎKFGU
%65ETQOCVQITCſCFG#
EGVQUVGTÎKFGUTGNCÁºQCNHCDGVCFG#
EGVQUVGTÎKFGUVQVCKU
%65FQUCIGOFG#
JKFTQZKEQTVKEQUVGTÎKFGU
1*5FQUCIGOFG#
JKFTQZKRTGIPGPQNQPCFQUCIGOFG#
CNHCCPFTQUVQPGFKQNINWEQTQPÈFGQ
#.(&#&+1.FQUCIGOFG#
EKFQJKFTÎZKKPFQNCEÃVKEQFQUCIGOPCWTKPCFG#
EKFQJQOQXCPÈNKEQFQUCIGOFG#
EKFQXCPKNOCPFÃNKEQ
8/#FG#
#FTGPQEQTVKEQVTÎſEQJQTOÏPKQ
#%6*FQUCIGOFG#
#NFQUVGTQPCFQUCIGOFG#
#NHCHGVQRTQVGÈPCFQUCIGOFG#
#/2EÈENKEQFQUCIGOFG#
#/2EÈENKEQPGHTQIÄPKEQPCWTKPC
JFG#
#/2EÈENKEQPGHTQIÄPKEQPCWTKPC
COQUVTCKUQNCFCFG#
#PFTQUVGPGFKQPCFQUCIGOFG#
#PVKEQTRQCPVKTGEGRVQTFG65*
64#$FQUCIGOFG#
#PVKEQTRQUCPVKKPUWNKPCFQUCIGOFG#
#PVKEQTRQUCPVKVKTGÎKFG
VKTGQINQDWNKPCFQUCIGOFG#
#PVÈIGPQ#WUVT¶NKC
*$U#)RGUSWKUCFG#
#PVÈIGPQECTEKPQGODTKQIÄPKEQ
%'#FQUCIGOFG#
#PVÈIGPQGURGEÈſEQRTQUV¶VKEQNKXTG
25#NKXTGFQUCIGOFG#
#PVÈIGPQGURGEÈſEQRTQUV¶VKEQVQVCN
25#FQUCIGOFG#
#PVK621FQUCIGOFG#
%CNEKVQPKPCFQUCIGOFG#
%CVGEQNCOKPCUFQUCIGOFG#
%QORQUVQ5
FGUQZKEQTVKUQNFQUCIGOFG#
%QTVKUQNFQUCIGOFG#
%QTVKUQNNKXTGFQUCIGOFG#
%QTVKUQNTKVOQ
FQUCIGPUFG#
%TGUEKOGPVQJQTOÏPKQFQ
*)*FQUCIGOFG#
%WTXCINKEÄOKEC
FQUCIGPUFQUCIGO #
%WTXCKPUWNÈPKEC
FQUCIGPUFQUCIGO #
%WTXCKPUWNÈPKECGINKEÄOKEC
FQUCIGPUFQUCIGOFG#
%WTXCKPUWNÈPKECGINKEÄOKEC
FQUCIGPUFQUCIGOFG#
%WTXCKPUWNÈPKECGINKEÄOKEC
FQUCIGPUFQUCIGOFG#
%WTXCKPUWNÈPKECGINKEÄOKEC
FQUCIGPUFQUCIGOFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
&XVWR
2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
0(',&,1$/$%25$725,$/
&yGLJR
3URFHGLPHQWRV
3RUWH
'0&1%4+01.1)+#.#$14#614+#.
%WTXCKPUWNÈPKECGINKEÄOKEC
FQUCIGPUFQUCIGOFG#
&GJKFTQGRKCPFTQUVGTQPC
&*'#FQUCIGOFG#
&GJKFTQVGUVQUVGTQPC
&*6FQUCIGOFG#
&GQZKEQTVKEQUVGTQPCFQUCIGOFG#
&QUCIGOFGTGEGRVQTFGRTQIGUVGTQPCQWFGGUVTQIÄPKQFG#
&TQICU
KOWPQUUWRTGUUQTCCPVKEQPXWNUKXCPVGFKIKV¶NKEQGVEECFCFQUCIGOFG#
'P\KOCEQPXGTUQTCFCCPIKQVGPUKPC
'%#FQUCIGOFG#
'TKVTQRQKGVKPCFQUCIGOFG#
'UVTCFKQNFQUCIGOFG#
'UVTKQNFQUCIGOFG#
'UVTQIÄPKQUVQVCKU
HGPQNGUVGTÎKFGUFQUCIGOFG#
'UVTQPCFQUCIGOFG#
(GTTKVKPCFQUCIGOFG#
(QNÈEWNQGUVKOWNCPVGJQTOÏPKQ
(5*FQUCIGOFG#
)CF#DCPVKFGUECTDQZKNCUGFQ¶EKFQFQUCIGOFG#
)CUVTKPCFQUCIGOFG#
)NKEQUGCRÎUGUVÈOWNQINWECIQPFG#
)NQDWNKPCFGNKICÁºQFGJQTOÏPKQUUGZWCKU
5*$)FQUCIGOFG#
)NQDWNKPCVTCPURQTVCFQTCFCVKTQZKPC
6$)FQUCIGOFG#
)NWECIQPFQUCIGOFG#
)QPCFQVTÎſEQEQTKÏPKEQJQTOÏPKQ
*%)FQUCIGOFG#
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*)*GUVÈOWNQEQOGZGTEÈEKQGENQPKFKPC*)*FG#
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XCUQRTGUUKPCFQUCIGOFG#
*QTOÏPKQIQPQFQVTQſEQEQTKQPKEQSWCNKVCVKXQ
*%)$GVC*%)RGUSWKUCFG#
*QTOÏPKQIQPQFQVTQſEQEQTKQPKEQSWCPVKVCVKXQ
*%)$GVC*%)FQUCIGOFG#
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PFKEGFGVKTQZKPCNKXTG
+6.FQUCIGOFG#
+PUWNKPCFQUCIGOFG#
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.GRVKPCFQUCIGOFG#
/CETQRTQNCEVKPCFQUCIGOFG#
/CTECFQTGUVWOQTCKU
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/GVCPGHTKPCUWTKP¶TKCCRÎUENQPKFKPCFG#
0VGNQRGRVÈFGQRGUSWKUCGQWFQUCIGOFG#
1UVGQECNEKPCRGUSWKUCGQWFQUCIGOFG#
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2SHU
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352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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2CTCVQTOÏPKQRTQVGÈPCTGNCEKQPCFCFQUCIGOFG#
2GRVÈFGQ%FQUCIGOFG#
2KTKFKPQNKPCFQUCIGOFG#
2TGIPCPFKQNFQUCIGOFG#
2TGIPCPVTKQNFQUCIGOFG#
2TQIGUVGTQPCRGUSWKUCGQWFQUCIGOFG#
2TQNCEVKPCFQUCIGOFG#
2TQVGÈPCNKICFQTCFQJQTOÏPKQFGETGUEKOGPVQ
*)*FQUCIGOFG#
2TQXCHWPEKQPCNFGGUVÈOWNQFCRTQNCEVKPCCRÎU64*UGO
(QTPGEKOGPVQFQOGFKECOGPVQ
RQTFQUCIGOFG#
2TQXCFGUQDTGECTICFGINKEQUGRCTCKPUWNKPCFG#
2TQXCFQ.*4JFQUCIGOFQ(5*UGOHQTPGEKOGPVQFG
OGFKECOGPVQ
ECFC $
2TQXCFQ.*4JFQUCIGOFQ.*UGOHQTPGEKOGPVQFGOGFKECOGPVQ
ECFC $
2TQXCFQ64**24FQUCIGOFQ*24UGOHQTPGEKOGPVQFQOCVGTKCN
ECFC $
2TQXCFQ64*65*FQUCIGOFQ65*UGOHQTPGEKOGPVQFQOCVGTKCN
ECFC $
2TQXCRCTCFKCDGVGKPUÈRKFQ
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2TQXCUFGHWPÁºQVKTGQKFGCPC
66ÈPFKEGUG65*FG#
26*FQUCIGOFG#
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5&*'#FQUCIGOFG#
6NKXTGFQUCIGOFG#
6TGVGPÁºQFQUCIGOFG#
6TGXGTUQFQUCIGOFG#
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6GUVGEQOE¶NEKQRCTCFQUCTECNEKVQPKPC
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EQOE¶NEKQFG#
6GUVGEQOEQTVTQUKPCRCTCCNHCJKFTQZKRTQIGUVGTQPCFG#
6GUVGEQOGUVÈOWNQRCTCTGPKPCCRÎUECRVQRTKNFG#
6GUVGFGGUVÈOWNQEQOEQTVTQUKPCRCTCFGUQZKEQTVKUQNFG#
6GUVGFGGUVÈOWNQEQO64*RCTCFQUCIGOFG)*FG#
6GUVGFGGUVÈOWNQFQ)*RGNCKPUWNKPC
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65*FQUCIGOFG#
6KTGQINQDWNKPCFQUCIGOFG#
6KTQZKPC
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1$5'48#š¨'5
1URTQEGFKOGPVQUFG4CFKQKOWPQGPUCKQő+08+641Œ
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ETKVÃTKQUFGXCNQTCÁºQFGRQTVGUGWPKFCFGUFGEWUVQQRGTCEKQPCNFQUGZCOGUFGUVGITWRQ
'PFQETKPQNQIKC.CDQTCVQTKCNKPFGRGPFGOFCVÃEPKECWVKNK\CFCRCTCCUWCTGCNK\CÁºQ %NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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#EGVKNEQNKPCCPVKEQTRQUDNQSWGCFQTTGEGRVQT #
#EGVKNEQNKPCCPVKEQTRQUNKICFQTTGEGRVQT #
#EGVKNEQNKPCCPVKEQTRQUOQFWNCFQTTGEGRVQT #
#FGPQXÈTWU+I)FQUCIGOFG#
#FGPQXÈTWU+I/FQUCIGOFG#
#NÃTIGPQURGTſNCPVKIÄPKEQ
RCKPGNEQOCPVÈIGPQURGUSWKUCFG#
#OGDCRGUSWKUCFG#
#OGDÈCUG+I)FQUCIGOFG#
#OGDÈCUG+I/FQUCIGOFG#
#PVKVTCPUINWVCOKPCUGVGEKFWCN+I#FG#
#PVKCEVKPCFQUCIGOFG#
#PVKECPFKFC+I)G+I/
ECFCFQUCIGOFG#
#PVKECTFKQNKRKPC+I#FQUCIGOFG#
#PVKECTFKQNKRKPC+I)FQUCIGOFG#
#PVKECTFKQNKRKPC+I/FQUCIGOFG#
#PVKEGPVTÏOGTQRGUSWKUCFG#
#PVKEQTRQCPVK5CEEJCTCO[EGU#5%#FQUCIGOFG#
#PVKEQTRQCPVK&0#UG$RGUSWKUCGQWFQUCIGOFG#
#PVKEQTRQCPVKJQTOÏPKQFQETGUEKOGPVQFQUCIGOFG#
#PVKEQTRQCPVKXÈTWUFCJGRCVKVG'
VQVCNRGUSWKUCFG#
#PVKEQTRQUCPVKFKHVGTKC %
#PVKEQTRQUCPVKGPFQOKUKQ+I)+I/+I#
ECFCFQUCIGOFG#
#PVKEQTRQUCPVKKNJQVCFGNCPIJGTCPUFQUCIGOFG#
#PVKEQTRQUCPVKKPƀWGP\C#+I)RGUSWKUCGQWFQUCIGOFG#
#PVKEQTRQUCPVKKPƀWGP\C#+I/RGUSWKUCGQWFQUCIGOFG#
#PVKEQTRQUCPVKKPƀWGP\C$+I)FQUCIGOFG#
#PVKEQTRQUCPVKKPƀWGP\C$+I/FQUCIGOFG#
#PVKEQTRQUCPVKRPGWOQEQEQUFG#
#PVKEQTRQUCPVKVÃVCPQFG#
#PVKEQTRQUPCVWTCKUKUQCINWVKPKPCURGUSWKUCUFG#
#PVKEQTRQUPCVWTCKUKUQCINWVKPKPCUVKVWNCIGOFG#
#PVKEQTVGZUWRTCTGPCNRGUSWKUCGQWFQUCIGOFG#
#PVKFGUQZKTKDQPWENGCUG$PGWVTCNK\CÁºQSWCPVKVCVKXCFG#
#PVK&/2RGUSWKUCGQWFQUCIGOFG#
#PVK&0#RGUSWKUCGQWFQUCIGOFG#
#PVKGUENGTQFGTOC
5%.RGUSWKUCFG#
#PVKHÈICFQ
INQOÃTWNQVWD4GPCNEQTVGTKOFGTCVQ+(+RGUSWKUCFG#
#PVÈIGPQUOGVÈNKEQUUQNÕXGKUFQ$%)
CRNKECÁºQFG#
#PVKINKCFKPC
INÕVGP+I#FQUCIGOFG#
#PVKINKCFKPC
INÕVGP+I)FQUCIGOFG#
#PVKINKCFKPC
INÕVGP+I/FQUCIGOFG#
#PVKJKCNWTQPKFCUGFGVGTOKPCÁºQFCFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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3URFHGLPHQWRV
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#PVK,1RGUSWKUCFG#
#PVK.#55$RGUSWKUCFG#
#PVK.-/RGUSWKUCFG#
#PVKOGODTCPCDCUCNRGUSWKUCFG#
#PVKOKETQUUQOCNRGUSWKUCFG#
#PVKOKVQEQPFTKC/RGUSWKUCFG#
#PVKOKVQEQPFTKCRGUSWKUCFG#
#PVKOÕUEWNQECTFÈCEQRGUSWKUCFG#
#PVKOÕUEWNQGUVTKCFQRGUSWKUCFG#
#PVKOÕUEWNQNKUQRGUSWKUCFG#
#PVKPGWVTÎſNQU
CPEC%RGUSWKUCFG#
#PVKPGWVTÎſNQU
CPEC2RGUSWKUCFG#
#PVKRCTKGVCNRGUSWKUCFG#
#PVKRGTQZKFCUGVKTGQKFGCPCRGUSWKUCFG#
#PVK402RGUSWKUCFG#
#PVK4Q55#RGUSWKUCFG#
#PVK5ORGUSWKUCFG#
#UNQRGUSWKUC
N¶VGZFG#
#UNQSWCPVKVCVKXQFQUCIGO
VWTDKFKOGVTKCQWPGHGNQOGVTKCFG#
#URGTIKNWUTGCÁºQUQTQNÎIKECFG#
#XKFG\FG+I)RCTCVQZQRNCUOQUGEKVQOGICNKCTWDÃNQC'$GQWVTQU
ECFCFQUCIGOFG#
$GVCOKETQINQDWNKPCFQUCIGOFG#
$KQVKPKFCUGCVKXKFCFGFCSWCNKVCVKXQFQUCIGOFG#
$NCUVQOKEQUGTGCÁºQUQTQNÎIKECFG#
$TWEGNC+I)FQUCIGOFG#
$TWEGNC+I/FQUCIGOFG#
$TWEGNCRTQXCT¶RKFCFG#
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%#
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%JCICU+I)FQUCIGOFG#
%JCICU+I/FQUCIGOFG#
%JNCO[FKC+I)FQUCIGOFG#
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2SHU
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3URFHGLPHQWRV
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%QORNGOGPVQ%FQUCIGOFG#
%QORNGOGPVQ%%VWTDKFQWPGHQNQOÃVTKEQ%#FQUCIGOFG#
%QORNGOGPVQ%FQUCIGOFG#
%QORNGOGPVQ%FQUCIGOFG#
%QORNGOGPVQ%FQUCIGOFG#
%QORNGOGPVQ%*RGUSWKUCGQWFQUCIGOFG#
%QORNGOGPVQ%*RGUSWKUCGQWFQUCIGOFG#
%QZUCEMKG#CPVKEQTRQU+I/FG#
%QZUCEMKG$CPVKEQTRQU+I/FG#
%TKQCINWVKPKPCINQDWNKPCFQUCIGOECFCFG#
%TKQCINWVKPKPCINQDWNKPCRGUSWKUCECFCFG#
%TKQINQDWNKPCUECTCEVGTK\CÁºQKOWPQGNGVTQHQTGUGFG#
%TQUUOCVEJ
RTQXCETW\CFCFGJKUVQEQORCVKDKNKFCFGRCTC
VTCPURNCPVGTGPCNFG#
%WNVWTCQWGUVKOWNCÁºQFQUNKPHÎEKVQUőKPXKVTQŒRQTEQPECPCXCNKPC
2*#QWRQMYGGFFG#
&GPIWG+I)G+I/
ECFCFQUCIGOFG#
&0%$VGUVGFGEQPVCVQFG#
'EJQXÈTWU
RCKPGNUQTQNQIKCRCTCFG#
'RUVGKP$#44XÈTWUCPVÈIGPQRTGEQEGCPVKEQTRQUFG#
'SWKPQEQEQUG
*KFCVKFQUGTGCÁºQUQTQNÎIKECFG#
'SWKPQEQEQUG+&4FG#
'URQTQVTKEQUGTGCÁºQUQTQNÎIKECFG#
'URQTQVTKSWKPC+&4FG#
(CVQTCPVKPÕENGQ
(#0RGUSWKUCFG#
(CVQTTGWOCVÎKFGSWCPVKVCVKXQFQUCIGO
VWTDKFKOGVTKC
PGHGNQOGVTKCFG#
(CVQTTGWOCVÎKFGVGUVGFQN¶VGZ
SWCNKVCVKXQRGUSWKUCFG#
(KNCTKCUQTQNQIKCRGUSWKUCGQWFQUCIGOFG#
(TGK
NKPHQITCPWNQOCXGPÃTGQ+&G4RGUSWKUCGQWFQUCIGOFG#
)GPQVKRCIGOFQUKUVGOC*.#FG#
)KCTFKCTGCÁºQUQTQNÎIKECFG#
)QPQEQEQ+I)RGUSWKUCGQWFQUCIGOFG#
)QPQEQEQ+I/RGUSWKUCGQWFQUCIGOFG#
*GNKEQDCEVGTR[NQTK+I#RGUSWKUCGQWFQUCIGOFG#
*GNKEQDCEVGTR[NQTK+I)RGUSWKUCGQWFQUCIGOFG#
*GNKEQDCEVGTR[NQTK+I/RGUSWKUCGQWFQUCIGOFG#
*GRCVKVG#*#8+I)RGUSWKUCGQWFQUCIGOFG#
*GRCVKVG#*#8+I/RGUSWKUCGQWFQUCIGOFG#
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CPVKEQTG+I)QW#EQTGIRGUSWKUCGQWFQUCIGOFG#
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2SHU
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CPVKEQTG+I/QW#EQTGORGUSWKUCGQW
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*GRCVKVG%CPVK*%8RGUSWKUCGQWFQUCIGOFG#
*GRCVKVG%KOWPQDNQVRGUSWKUCGQWFQUCIGOFG#
*GRCVKVGFGNVCCPVKEQTRQ+I)RGUSWKUCGQWFQUCIGOFG#
*GRCVKVGFGNVCCPVKEQTRQ+I/RGUSWKUCGQWFQUCIGOFG#
*GRCVKVGFGNVCCPVÈIGPQRGUSWKUCGQWFQUCIGOFG#
*GRCVKVG'CPVKEQTRQU+I) %
*GRCVKVG'CPVKEQTRQU+I/ %
*GRCVKVG'+I/+I) $
*'4FQUCIGOFQTGEGRVQTFG#
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*GTRGUUKORNGU+I/FQUCIGOFG#
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*GTRGU\QUVGT+I/RGUSWKUCGQWFQUCIGOFG#
*KFCVKFQUG
GSWKPQEQEQUG+&KFWRNCFG#
*KRGTUGPUKDKNKFCFGTGVCTFCFC
KPVTCFGTOQTGCÁºQ+&G4ECPFKFKPCECZWODC
GUVTGRVQSWKPCUGFQTPCUG22&VTKEQſVKPCXÈTWUXCEKPCNQWVTQ
UECFCFG#
*KUVCOKPCFQUCIGOFG#
*KUVQPCFQUCIGOFG#
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*+8CPVÈIGPQ2FQUCIGOFG#
*+8CPVKEQTRQU
VGUVGT¶RKFQFG#
*+8QW*+8RGUSWKUCFGCPVKEQTRQUFG#
*+8*+8
FGVGTOKPCÁºQEQPLWPVCRGUSWKUCFGCPVKEQTRQUFG#
*.#&3VGUVGFGJKUVQEQORCVKDKNKFCFGFGCNVCTGUQNWÁºQUCIWGVQVCNFG#
*.#&4RGUSWKUCFG#
*.#&4&3RGUSWKUCFG#
*.#NQEWU%FG#
*6.8QW*6.8RGUSWKUCFGCPVKEQTRQ
ECFCFG#
+I#PCUCNKXCFQUCIGOFG#
+I#FQUCIGOFG#
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+I'ITWRQGURGEÈſEQECFCFQUCIGOFG#
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ECFCFQUCIGOFG#
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ECFCFQUCIGOFG#
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2SHU
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3URFHGLPHQWRV
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+OWPQEQORNGZQUEKTEWNCPVGUEQOEÃNWNCU4CLKRGUSWKUCGQWFQUCIGOFG#
+OWPQEQORNGZQUEKTEWNCPVGURGUSWKUCGQWFQUCIGOFG#
+OWPQGNGVTQHQTGUG
GUVWFQFCICOQRCVKCRGUSWKUCGQWFQUCIGOFG#
+OWPQHGPQVKRCIGO6G$FG#
+PKDKFQTFG%GUVGTCUGRGUSWKUCGQWFQUCIGOFG#
+UQURQTCRGUSWKUCFGCPVÈIGPQFG#
+VQ
ECPETQOQNG+&G4FG#
-XGKO
UCTEQKFQUG+&G4FG#
.GIKQPGNNC+I)G+I/
ECFCRGUSWKUCFG#
.GKUJOCPKQUG+I)G+I/
ECFCRGUSWKUCFG#
.GRVQURKTQUG+I)RGUSWKUCFG#
.GRVQURKTQUG+I/RGUSWKUCFG#
.GRVQURKTQUGCINWVKPCÁºQRGUSWKUCFG#
.KPHÎEKVQU6őJGNRGTŒEQPVCIGOFG
+(EQO1-6
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/%#
CPVÈIGPQE¶TEKPQOCO¶TKQRGUSWKUCGQWFQUCIGOFG#
/KEQRNCUOCRPGWOQPKCG+I)RGUSWKUCFG#
/KEQRNCUOCRPGWOQPKCG+I/RGUSWKUCFG#
/QPQPWENGQUG'RUVGKP$#44+I)RGUSWKUCGQWFQUCIGOFG#
/QPQPWENGQUGCPVK8%#
'$8+I)RGUSWKUCGQWFQUCIGOFG#
/QPQPWENGQUGCPVK8%#
'$8+I/RGUSWKUCGQWFQUCIGOFG#
/QPQPWENGQUGUQTQNQIKCRCTC
/QPQVGUVGQW2CWN$WPPGNECFCFG#
/QPVGPGITQ+&G4FG#
0$6GUVKOWNCFQFG#
0GWTQRCVKCOQVQTCRCKPGNFG#
1WVTQUVGUVGUDKQSWÈOKEQURCTCFGVGTOKPCÁºQFQTKUEQHGVCN
ECFCFG#
2CTCEQEEKFKQKFQOKEQUGCPVKEQTRQUVQVCKU+I)FQUCIGOFG#
2CTXQXÈTWU+I)+I/
ECFCRGUSWKUCFG#
2GRVÈFKQKPVGUVKPCNXCUQCVKXQFQUCIGOFG#
2GUSWKUCFGCFGPQXÈTWUFG#
2GUSWKUCFGUWNHCVÈFGQUGOCVGTKCNOGVCETQO¶VKEQPCWTKPCFG#
2QNKQOGNKVGUQTQNQIKCFG#
22&
VWDGTEWNKPC+&G4FG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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2SHU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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2TQVGÈPC#OKNQKFG#RGUSWKUCGQWFQUCIGOFG#
2TQVGÈPC%TGCVKXCSWCNKVCVKXCRGUSWKUCFG#
2TQVGÈPC%TGCVKXCSWCPVKVCVKXCFQUCIGO
VWTDKFKOGVTKCPGHGNQOGVTKCFG#
2TQVGÈPC%VGUVGKOWPQNÎIKEQFG#
2TQVGÈPCGQUKPQHÈNKECECVKÏPKEC
'%2RGUSWKUCGQWFQUCIGOFG#
2UKVCEQUG+I#RGUCWKUCFG#
2UKVCEQUG+I)RGUSWKUCFG#
2UKVCEQUG+I/RGUSWKUCFG#
4GCÁºQUQTQNÎIKECRCTCEQZUCEMKGPGWVTCNK\CÁºQ+I)FG#
4WDÃQNC+I)FQUCIGOFG#
4WDÃQNC+I/FQUCIGOFG#
5CTCORQCPVKEQTRQU+I)FQUCIGOFG#
5CTCORQCPVKEQTRQU+I/FQUCIGOFG#
5EJKUVQUQOQUG+I)FQUCIGOFG#
5EJKUVQUQOQUG+I/FQUCIGOFG#
5EJKUVQUQOQUGRGUSWKUCFG#
5ÈſNKU(6##$5+I)RGUSWKUCFG#
5ÈſNKU(6##$5+I/RGUSWKUCFG#
5ÈſNKU62*#RGUSWKUCFG#
5ÈſNKU8&4.FG#
5ÈſNKUCPVKEQTRQVQVCNFQUCIGOFG#
5ÈſNKU+I/FQUCIGOFG#
6GUVGFGKPKDKÁºQFCOKITCÁºQFQUNKPHÎEKVQU
RCTCECFCCPVÈIGPQFG#
6GUVGT¶RKFQRCTCFGVGEÁºQFG*+8GOIGUVCPVGFG#
6GUVGTGURKTCVÎTKQRCTC*2[NQTKFG#
6QZQECTCECPPKU+I)RGUSWKUCGQWFQUCIGOFG#
6QZQECTCECPPKU+I/RGUSWKUCGQWFQUCIGOFG#
6QZQRNCUOKPC+&G4FG#
6QZQRNCUOQUG+I#FQUCIGOFG#
6QZQRNCUOQUG+I)FQUCIGOFG#
6QZQRNCUOQUG+I/FQUCIGOFG#
7TGCUGVGUVGT¶RKFQRCTC*GNKEQDCEVGT2[NQTKFG#
8CTKEGNC+I)FQUCIGOFG#
8CTKEGNC+I/FQUCIGOFG#
8ÈTWUUKPEKEKCNTGURKTCVÎTKQ'NKUC+I)RGUSWKUCGQWFQUCIGOFG#
8ÈTWUUKPEKEKCNTGURKTCVÎTKQRGUSWKUCFKTGVCFG#
9CCNGT4QUG
HCVQTTGWOCVÎKFGRGUSWKUCGQWFQUCIGOFG#
9GKN(GNKZ
4KEMGVUKQUGTGCÁºQFGCINWVKPCÁºQFG#
9GUVGTP$NQV
CPVKEQTRQUCPVK*+8FG#
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ECFCFG#
9KFCNTGCÁºQFGFG#
<#2FG#
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2SHU
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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#FGPQUKPCFGCOKPCUG
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#OKPQ¶EKFQUPQNÈSWKFQEGHCNQTTCSWKFKCPQ %
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%ÃNWNCUEQPVCIGOVQVCNGGURGEÈſECFG#
%ÃNWNCURGUSWKUCFGEÃNWNCUPGQRN¶UKECU
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RGUSWKUCGONÈSWKFQUQTI¸PKEQUFG#
%TKRVQEQEQUGE¸PFKFCCURÃTIKNWU
N¶VGZRGUSWKUCFG#
'NGVTQHQTGUGFGRTQVGÈPCUPQNÈSWQTEQOEQPEGPVTCÁºQFG#
*+PƀWGP\CG52PGWOQPKGCG0/GPKPIKVKFKU#$G%9
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*CGOQRJKNWUKPƀWGP\CGRGUSWKUCFGCPVKEQTRQU
ECFCGO
NÈSWKFQUQTI¸PKEQUFG#
PFKEGFGKOWPQRTQFWÁºQ
GNGVTQHG+I)GOUQTQGNÈSWQTFG#
.%4CODWNCVQTKCNTQVKPC
CURGEVQUEQTÈPFKEGFGEQTEQPVCIGO
INQDCNGGURGEÈſECFGNGWEÎEKVQUGJGO¶EKCUEKVQNQIKCQPEÎVKEC
RTQVGÈPCINKEQUGENQTQGNGVTQHQTGUGEQOEQPEGPVTCÁºQ
+I)TGCÁÐGURCTCPGWTQEKUVKEGTEQUG
TGCÁÐGURCTCPGWTQNGU
FG#
.%4JQURKVCNCTPGWTQNQIKC
CURGEVQUEQTÈPFKEGUFGEQT
EQPVCIGOINQDCNGGURGEÈſECFGNGWEÎEKVQUGJGO¶EKCURTQVGÈPC
INKEQUGENQTQTGCÁÐGURCTCPGWTQEKUVKEGTEQUG
TGCÁÐGU
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DCEVGTKQUEQRKCEWNVWTCN¶VGZRCTCDCEVÃTKCUFG#
.%4RTQPVQUQEQTTQ
CURGEVQUEQTÈPFKEGFGEQTEQPVCIGO
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INKEQUGENQTQNCEVCVQDCEVGTKQUEQRKCEWNVWTCN¶VGZRCTCDCEVÃTKCUFG#
0QPPG#RRNGTGCÁºQFG#
2GUSWKUCFGDCPFCUQNKIQENQPCKURQTKUQHQECNK\CÁºQFG#
2TQVGÈPCOKGNKPCD¶UKECCPVKEQTRQCPVKRGUSWKUCFG#
2WPÁºQEKUVGTPCNUWDQEEKRVCNEQOOCPQOGVTKCRCTCEQNGVCFGNÈSWKFQ
EGHCNQTTCSWGCPQ %
2WPÁºQNQODCTEQOOCPQOGVTKCRCTCEQNGVCFGNÈSWKFQEGHCNQTTCSWGCPQ $
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5'/+0#.
#PVKEQTRQCPVKGURGTOCVQ\ÎKFGRGUSWKUCFG# 'URGTOQITCOC
ECTCEVGTGUHÈUKEQUR*ƀWFKſECÁºQOQVKNKFCFG
XKVCNKFCFGEQPVCIGOGOQTHQNQIKCFG# 'URGTOQITCOCGVGUVGFGRGPGVTCÁºQőKPXKVTQŒXGNQEKFCFG
RGPGVTCÁºQXGTVKECNEQNQECÁºQXKVCNVGUVGFGTGXKVCNK\CÁºQFG# %NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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%NGOGPVUVGUVGFG#
'URGEVTQHQVQOGVTKCFGNÈSWKFQCOPKÎVKEQFG#
(QUHQNKRÈFKQU
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FQUCIGOGONÈSWKFQUQTI¸PKEQUFG#
/CVWTKFCFGRWNOQPCTHGVCNFG#
4QVKPCFQNÈSWKFQCOPKÎVKEQCOPKQITCOC
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&XVWR
2SHU
5+018+#.'176415
%TKUVCKUEQONW\RQNCTK\CFCRGUSWKUCFG# 4CIÎEKVQURGUSWKUCFG# 4QVKPCNÈSWKFQUKPQXKCNECTCEVGTGUHÈUKEQUEKVQNQIKCRTQVGÈPCU¶EKFQ
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352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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/+%41$+1.1)+#
#HTGUEQGZCOGFG# #PVKDKQITCOC
VGUVGFGUGPUKDKNKFCFGGCPVKDKÎVKEQUG
SWKOKQVGT¶RKEQURQTDCEVÃTKCPºQCWVQOCVK\CFQFG# #PVKDKQITCOCCWVQOCVK\CFQFG# #PVKDKQITCOCRDCEKNQU¶NEQQNTGUKUVGPVGUFTQICUFGNKPJCUFG# #PVKHWPIKITCOCFG# #PVÈIGPQUDCEVGTKCPQUŌX¶TKQUOCVGTKCKUFG# #PVÈIGPQUHÕPIKEQURGUSWKUCFG# $##4
<KGJNQWƀWQTGUEÄPEKCRGUSWKUCFKTGVCGCRÎU
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)TCO<KGJN#NDGTVGVERQTN¸OKPCFG# %JNCO[FKCEWNVWTCFG# %KVQOGICNQXÈTWUUJGNNXKCNRGUSWKUCFG# %ÎNGTCKFGPVKſECÁºQ
UQTQVKRCIGOKPENWÈFCFG# %QTRÕUEWNQUFG&QPQXCPKRGUSWKUCFKTGVCFGFG# %TKRVQEQEQ
VKPVCFC%JKPCRGUSWKUCFGFG# %TKRVQURQTKFKWORGUSWKUCFG# %WNVWTCCWVQOCVK\CFCFG# %WNVWTCDCEVGTKCPC
GOFKXGTUQUOCVGTKCKUDKQNÎIKEQUFG# %WNVWTCGONGKVGOCVGTPQFG# %WNVWTCRCTCDCEVÃTKCUCPCGTÎDKECUFG# %WNVWTCRCTCHWPIQUFG# %WNVWTCRCTCO[EQDCEVGTKWOFG# %WNVWTCSWCPVKVCVKXCFGUGETGÁÐGURWNOQPCTGUSWCPFQPGEGUUKVCT
VTCVCOGPVQRTÃXKQEQO0%#FG# %WNVWTCSWCPVKVCVKXCSWGKOCFQU
RGNGFG# %WNVWTCHG\GUUCNOQPGNCUJKIGNNCGGGUE%QNKGPVGTQRCVQIÄPKECUGPVGTQKPXCUQTC
UQTQNKPENWÈFCECOR[NQDCEVGT52'%QNKGPVGTQJGOQTT¶IKECFG# %WNVWTCHG\GUUCNOQPGNNCUJKIGNNCGGUEJGTKEJKCEQNK
GPVGTQRCVQIÄPKECU
UQTQNQIKCKPENWÈFCFG# %WNVWTCJGTRGUXÈTWUQWQWVTQFG# %WNVWTCOKEQRNCUOCQWWTGCRNCUOCFG# %WNVWTCRCTCCIGPVGUOWNVKTTGUKUVGPVGURQTOCVGTKCNFG# %WNVWTCWTKPCEQOEQPVCIGOFGEQNÏPKCUFG# 'UVTGRVQEQEQU#VGUVGT¶RKFQFG# (WPIQURGUSWKUCFG
CHTGUEQNCEVQHGPQNVKPVCFC%JKPCFG# (WPIQUOQTHQNQIKCŌDKQSWÈOKECFG# *CPUGPRGUSWKUCFG
RQTOCVGTKCNFG# *GOQEWNVWTC
RQTCOQUVTCFG# *GOQEWNVWTCCWVQOCVK\CFC
RQTCOQUVTCFG# *GOQEWNVWTCRCTCDCEVÃTKCUCPCGTÎDKECU
RQTCOQUVTCFG# %NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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3URFHGLPHQWRV
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/+%41$+1.1)+#
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DQTFGVGNNCRGTVWUUKURGUSWKUCFG# +FGPVKſECÁºQFGDCEVÃTKCURQTOÃVQFQUQTQNÎIKEQŌDKQSWÈOKECFG# .GKUJOCPKCRGUSWKUCFG# .GRVQURKTC
ECORQGUEWTQCRÎUEQPEGPVTCÁºQRGUSWKUCFG# /KETQQTICPKUOQUVGUVGFGUGPUKDKNKFCFGCFTQICU/+%RQTFTQICVGUVCFCFG# /KETQURQTÈFKCRGUSWKUCPCUHG\GUFG# 2CTCEQEEKFKQKFGURGUSWKUCFGFG# 2GUSWKUCFGCPVÈIGPQUDCEVGTKCPQUFG# 2GUSWKUCFGCPVÈIGPQUGPVCOQGDCJKUVQN[VKECFG# 2PGWOQE[UVKECTKPKKRGUSWKUCRQTEQNQTCÁºQGURGEKCNFG# 4QVCXÈTWURGUSWKUC'NKUCFG# 5CTEQRVGUUECDGKRGUSWKUCFG# 6GUVGFGUGPUKDKNKFCFGO[EQDCEVGTKWOEGRCUFGDCEVÃTKCUFG# 6TGRQPGOC
ECORQGUEWTQRGUSWKUCFG# 8CEKPCCWVÎIGPCFG# 74+0.+5'
JGZCPQFKQPCFQUCIGOPCWTKPCFG#
#EKFG\VKVWN¶XGNFG#
EKFQEÈVTKEQFQUCIGOPCWTKPCFG#
EKFQJQOQIGPVÈUKEQRGUSWKUCGQWFQUCIGOPCWTKPCFG#
#NECRVQPÕTKCRGUSWKUCFG#
$CTVKVWTCVQURGUSWKUCGQWFQUCIGOPCWTKPCFG#
$GVCOGTECRVQNCEVCVQFKUWNſFÕTKCRGUSWKUCPCWTKPCFG#
%¶NEWNQUWTKP¶TKQUCP¶NKUGFG#
%CVGEQNCOKPCUHTCEKQPCFCUFQRCOKPCGRKPGHTKPCPQTGRKPGHTKPC
ECFCRGUSWKUCGQWFQUCIGOPCWTKPCFG#
%KUVKPCRGUSWKUCGQWFQUCIGOPCWTKPCFG#
%KUVKPÕTKCRGUSWKUCFG#
%QPVCIGOUGFKOGPVCTFG#FFKUFG#
%QRTQRQTſTKPC+++RGUSWKUCGQWFQUCIGOPCWTKPCFG#
%QTRQUEGVÏPKEQURGUSWKUCPCWTKPCFG#
%TQOCVQITCſCFGCÁÕECTGUPCWTKPCFG#
&KUOQTſUOQGTKVTQEKV¶TKQRGUSWKUC
EQPVTCUVGFGHCUGPCWTKPCFG#
'NGVTQHQTGUGFGRTQVGÈPCUWTKP¶TKCUEQOEQPEGPVTCÁºQFG#
'TTQUKPCVQUFQOGVCDQNKUOQDCVGTKCUFGVGUVGUSWÈOKEQUFGVTKCIGO
GOWTKPC
OÈPKOQFGVGUVGUFG#
(GPKNEGVQPÕTKCRGUSWKUCFG#
(TWVQUÕTKCRGUSWKUCFG#
)CNCEVQUÕTKCRGUSWKUCFG#
*GOQINQDKPCNKXTGPCWTKPC
COQUVTCKUQNCFCFG#
*KUVKFKPCRGUSWKUCPCWTKPCFG#
%NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
352&(',0(1726',$*1Ï67,&26(7(5$3Ç87,&26
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.KRÎKFGURGUSWKUCPCWTKPCFG#
/GNCPKPCRGUSWKUCPCWTKPCFG#
/GVCPGHTKPCUWTKP¶TKCUFQUCIGOFG#
/KETQCNDWOKPÕTKCOFQUCIGOFG#
/KQINQDKPCRGUSWKUCPCWTKPCFG#
1UOQNCNKFCFGFGVGTOKPCÁºQPCWTKPCFG#
2GUSWKUCQWFQUCIGOFGWOEQORQPGPVGWTKP¶TKQFG#
2QTHQDKNKPQIÄPKQRGUSWKUCPCWTKPCFG#
2QTHQDKNKPQIÄPKQWTKPCFG#
2TQVGÈPCUFG$GPEG,QPGURGUSWKUCPCWTKPCFG#
2TQXCFGEQPEGPVTCÁºQ
(KUJDGTIQW8QNJCTFPCWTKPCFG#
2TQXCFGFKNWKÁºQPCWTKPCFG#
4QVKPCFGWTKPC
ECTCEVGTGUHÈUKEQUGNGOGPVQUCPQTOCKUG
UGFKOGPVQUEQRKCFG#
5QDTGECTICFG¶IWCRTQXCPCWTKPCFG#
5WDUV¸PEKCUTGFWVQTCURGUSWKUC
WTKPCFG#
6KTQUKPQUGRGUSWKUC
WTKPCFG#
6GUVGFGEQPEGPVTCÁºQWTKP¶TKCCRÎU&&#82FG#
7TQRQTſTKPCUFQUCIGOPCWTKPCFG#
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%QNGVCFGECVCTTQKPFW\KFCFG# %TQOCVKPCUGZWCNRGUSWKUCFG# 'URGEVQOGVTKCFGOCUUCGO6CPFGO %
)CUVTQCEKFQITCOCUGETGÁºQDCUCNRCTCŏGCOQUVTCUCRÎUQ
GUVÈOWNQ
HQTPGEKOGPVQFGOCVGTKCNKPENWUKXGVWDCIGOVGUVGFG# *QNNCPFGT
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%C2#7%TWTKPC
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8*5RTQXCFQN¶VGZ2(494QUGFG# R*VQTPCUUQNRGUSWKUCFG# 2TQXCCVKXKFCFGFGHGDTGTGWO¶VKEC
CUNQGNGVTQHQTGUGFGRTQVGÈPCU
OWEQRTQVGÈPCUGRTQVGÈPCő%ŒTGCVKXCFG# 2TQXCUFGHWPÁºQJGR¶VKEC
DKNKTTWDKPCUGNGVTQHQTGUGFGRTQVGÈPCU
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ECTCEVGTGUHÈUKEQUG
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6GUVGFQRG\KPJQCORNKCFQ
65*PGQPCVCN1*RTQIGUVGTQPC
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FGJGOQRCVKCUFG#
6GUVGFQRG\KPJQD¶UKEQ
65*PGQPCVCNHGPKNCNCPKPCGNGVTQHQTGUG
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6WDCIGOFWQFGPCNFG#
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61:+%1.1)+#/10+614+<#š“16'4#276+%#
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RCTCEJWODQKPQTI¸PKEQ
RGUSWKUCGQWFQUCIGOFG# EKFQHGPKNINKQZÈNKEQ
RCTCGUVKTGPQRGUSWKUCGQWFQUCIGOFG# EKFQJKRÕTKEQ
RCTCVQNWGPQRGUSWKUCGQWFQUCIGOFG# EKFQOCPFÃNKEQ
RCTCGUVKTGPQRGUSWKUCGQWFQUCIGOFG# EKFQOGVKNOCNÏPKEQRGUSWKUCGQWFQUCIGOFG# EKFQOGVKNJKRÕTKEQ
RCTCZKNGPQURGUSWKUCGQWFQUCIGOFG# EKFQUCNKEÈNKEQRGUSWKUCGQWFQUCIGOFG# #\KFCUÎFKECVGUVGFC
RCTCFGKUUWNHGVQFGECTDQPQFG# %CTDQZKJGOQINQDKPC
RCTCOQPÎZKFQFGECTDQPQFKENQTQOGVCPQ
RGUSWKUCGQWFQUCIGOFG# %JWODQFQUCIGOFG# %QNKPGUVGTCUG
RCTCECTDCOCVQUQTICPQHQUHQTCFQUFQUCIGOFG# %QRTQRQTſTKPCU
RCTCEJWODQKPQTI¸PKEQRGUSWKUCGQWFQUCIGOFG# %TQOQRGUSWKUCGQWFQUCIGOFG# &KCNFGÈFQOCNÏPKEQRGUSWKUCGQWFQUCIGOFG# 'VCPQNRGUSWKUCGQWFQUCIGOFG# (GPQN
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RCTCCPKNKPCPKVTQDGP\GPQRGUSWKUCFG# /GVCKU#N#U%F%T/P*I0K<P%QQWVTQ
UCDUQTÁºQ
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RCTCCPKNKPCRGUSWKUCGQWFQUCIGOFG# 2PKVTQHGPQN
RCTCPKVTQDGP\GPQRGUSWKUCGQWFQUCIGOFG# 2TQVQRQTſTKPCUNKXTGU
RCTCEJWODQKPQTI¸PKEQRGUSWKUCGQWFQUCIGOFG# 2TQVQRQTſTKPCU<P
RCTCEJWODQKPQTI¸PKEQRGUSWKUCGQWFQUCIGOFG# 5CNKEKNCVQURGUSWKUCFG# %NCUUKſECÁºQ$TCUKNGKTC*KGTCTSWK\CFCFG2TQEGFKOGPVQU/ÃFKEQU
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6TKENQTQEQORQUVQUVQVCKU
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$+1.1)+#/1.'%7.#4
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