*XLGDQFH IRU ,QGXVWU\

3URGXFW 4XDOLW\ 5HYLHZ

9HUVLRQ 

'UXJ 2IILFH
'HSDUWPHQW RI +HDOWK
 &RQWHQWV
 ,QWURGXFWLRQ 
 3XUSRVH RI WKLV GRFXPHQW  
 6FRSH  
 6FKHGXOLQJ SURGXFW TXDOLW\ UHYLHZV  
 *URXSLQJ 3URGXFWV  
 3UHSDULQJ SURGXFW TXDOLW\ UHYLHZV  
 &RQGXFWLQJ DQG GRFXPHQWLQJ D 345  
 (YDOXDWLQJ 345 UHVXOWV  
 345 UHVSRQVLELOLWLHV ZLWK FRQWUDFW PDQXIDFWXULQJ 

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH 

 ,QWURGXFWLRQ
7KLV JXLGHOLQH LV LQWHQGHG WR SURYLGH JHQHUDO JXLGDQFH RQ WKH LQWHUSUHWDWLRQ RI WKH 3,&6 *XLGH WR
*RRG 0DQXIDFWXULQJ 3UDFWLFH IRU 0HGLFLQDO 3URGXFWV 3,&6 *XLGH WR *03 ZLWK UHVSHFW WR
LPSOHPHQWLQJ 3URGXFW 4XDOLW\ 5HYLHZ 345
7KHUH PD\ EH RWKHU DFFHSWDEOH DSSURDFKHV WKDW SURYLGH DQ HTXLYDOHQW OHYHO RI TXDOLW\ DVVXUDQFH
7KLV JXLGHOLQH LV QRW LQWHQGHG WR FUHDWH DGGLWLRQDO UHTXLUHPHQWV DQG LV QRW LQWHQGHG WR IRUP WKH
EDVLV IRU *03 LQVSHFWLRQV

 3XUSRVH RI WKLV GRFXPHQW

7R SURYLGH JXLGDQFH WR LQGXVWU\ RQ KRZ WR LPSOHPHQW 3URGXFW 4XDOLW\ 5HYLHZV 345V

 6FRSH
345V DUH D UHTXLUHPHQW LQ 3,&6 *XLGH IRU *03 &ODXVH 
5HJXODU SHULRGLF RU UROOLQJ TXDOLW\ UHYLHZV RI DOO UHJLVWHUHG SKDUPDFHXWLFDO SURGXFWV LQFOXGLQJ
H[SRUWRQO\ SURGXFWV VKRXOG EH FRQGXFWHG WR KLJKOLJKW DQ\ RYHUDOO WUHQGV QRW QHFHVVDULO\ YLVLEOH
ZLWK RWKHU TXDOLW\ V\VWHPV DQG WR LGHQWLI\ SURGXFWSURFHVV LPSURYHPHQWV E\ YHULI\LQJ DQG
LGHQWLI\LQJ
• WKH FRQVLVWHQF\ RI WKH H[LVWLQJ SURFHVVHV
• WUHQGV LQ SURGXFW GDWD
• WKH DSSURSULDWHQHVV RI FXUUHQW VSHFLILFDWLRQV IRU VWDUWLQJ PDWHULDOV LQWHUPHGLDWHV DQG
ILQLVKHG SURGXFWV
• WR YHULI\ FRPSOLDQFH RI WKH UHJLVWHUHG SDUWLFXODUV RI SKDUPDFHXWLFDO SURGXFWV 0DUNHWLQJ
$XWKRULVDWLRQ
• GHILFLHQFLHV QRW GHWHFWHG E\ URXWLQH WHVWLQJ PRQLWRULQJ RU SHUIRUPDQFH PHWULFV DQG
• LGHQWLI\ RSSRUWXQLWLHV IRU SURGXFW DQG SURFHVV LPSURYHPHQWV

 6FKHGXOLQJ SURGXFW TXDOLW\ UHYLHZV

345V VKRXOG W\SLFDOO\ EH
• FDUULHG RXW IRU HDFK SURGXFW PDQXIDFWXUHG LQ WKH SUHYLRXV \HDU
• WDNH LQWR DFFRXQW UHYLHZV IURP SUHYLRXV \HDUV DQG
• XVH D ULVNEDVHG DSSURDFK UHIHU WR 3,&6 *XLGH WR *03 $QQH[  4XDOLW\ 5LVN 0DQDJHPHQW
$ 345 VFKHGXOH LV GRFXPHQWHG W\SLFDOO\ DQQXDOO\ IRU HDFK SURGXFWJURXS RI SURGXFWV ZLWKLQ D
345 UHJLVWHU RU HTXLYDOHQW PDQDJHPHQW WRRO

DĂŶƵĨĂĐƚƵƌŝŶŐ
WYZƐĐŚĞĚƵůŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐ
ĐŝƌĐƵŵƐƚĂŶĐĞƐ
/RZ EDWFK QXPEHUV
3ULRULWLVLQJ VSHFLILF
345V
,I YHU\ IHZ EDWFKHV IRU H[DPSOH OHVV WKDQ WKUHH DUH PDQXIDFWXUHG ZLWKLQ 
PRQWKV D 345 FRXOG EH FRQGXFWHG HYHU\ WZR \HDUV
,Q WKLV FDVH WKH MXVWLILFDWLRQ VKRXOG DOVR FRQVLGHU WKH ULVN DVVRFLDWHG ZLWK WKH
W\SH RI PHGLFLQH DQG VKRXOG EH GRFXPHQWHG
&RQVLGHU WKH IROORZLQJ WR DVVLVW ZLWK WKH SULRULWLVDWLRQ RI SURGXFWV IRU UHYLHZ
• UHFXUULQJ GHYLDWLRQV RQ FULWLFDO SDUDPHWHUV
• UHFDOOV FRPSODLQWV DQG UHWXUQV DQG
• SURFHVV FKDQJHV


KWWSZZZWJDJRYDXLQGXVWU\PDQXIPHGLFLQHVFJPSTDKWPFK 4XHVWLRQ 

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH 

 *URXSLQJ 3URGXFWV
345 PD\ EH FRPSOHWHG E\ JURXSLQJ SURGXFWV E\ D SDUWLFXODU FKDUDFWHULVWLFW\SH
3URGXFW JURXSLQJV PXVW EH VFLHQWLILFDOO\ MXVWLILHG )RU H[DPSOH SURGXFWV VHOHFWHG ZLWKLQ D JURXS
PXVW EH VLPLODU HQRXJK VR WKDW WKH SDUDPHWHUV EHLQJ UHYLHZHG LQ WKH 345 DUH UHSUHVHQWDWLYH RI
WKH JURXS 0DQXIDFWXUHUV VKRXOG UHYLHZ HYHU\ EDWFK ZLWKLQ WKH JURXSLQJ
7KH MXVWLILFDWLRQ IRU WKH JURXSLQJV VHOHFWHG PXVW EH GRFXPHQWHG LQ WKH 345 UHSRUW RU
DOWHUQDWLYHO\ ZLWKLQ WKH 345 SURFHGXUH LI JURXSLQJVDSSURDFK ZLOO UHPDLQ WKH VDPH DFURVV
VXFFHVVLYH 345V
,PSRUWDQW *URXSLQJV VKRXOG QRW EH MXVWLILHG EDVHG RQ FRPPHUFLDO IDFWRUV
7KH JURXSHG SURGXFWV VKRXOG EH RI WKH VDPH SKDUPDFHXWLFDO IRUP FRQWDLQLQJ WKH VDPH RU YHU\
VLPLODU DFWLYH LQJUHGLHQWV DQG H[FLSLHQWV DQG PDQXIDFWXUHG XVLQJ WKH VDPH W\SH RI HTXLSPHQW

džĂŵƉůĞŽĨĂƉƉƌŽƉƌŝĂƚĞŐƌŽƵƉŝŶŐƐ͗ džĂŵƉůĞŽĨŝŶĂƉƉƌŽƉƌŝĂƚĞŐƌŽƵƉŝŶŐƐ͗
*URXSLQJV UHOHYDQW WR WKH IDFLOLW\¶V ILQLVKHG 7KH IROORZLQJ JURXSLQJV DUH XQOLNHO\ WR EH
SURGXFWV FRXOG LQFOXGH DSSURSULDWH EHFDXVH RI IDFWRUV VXFK DV
• ILQDO SUHVHQWDWLRQV DUH WKH VDPH EXW GLIIHUHQW VLJQLILFDQWO\ GLIIHUHQW H[FLSLHQWV FKHPLFDOSK\VLFDO
SDFN VL]H RU GLIIHUHQW EUDQG QDPH LQWHUDFWLRQV GLIIHUHQW W\SH RI HTXLSPHQW XVHG WR
PDQXIDFWXUH HWF
• LQJUHGLHQWV DQG SULPDU\ SDFNDJLQJ LV WKH
VDPH EXW GLIIHUHQW VWUHQJWKV DQG • SURGXFWV ZLWK WKH VDPH $3, EXW YHU\ GLIIHUHQW
H[FLSLHQWV DQG
• ILQDO SUHVHQWDWLRQV DUH WKH VDPH EXW GLIIHUHQW
PDUNHWHG UHJLRQV DQGRU SURGXFW • OLTXLG YV VROLG SUHSDUDWLRQV RI WKH VDPH $3,
UHJLVWUDWLRQV HJ FUHDP YV WRSLFDO RLQWPHQW WDEOHW YV
JHOFDS YV FDSVXOH

7KH QXPEHU DQG QDPH RI DOO ILQLVKHG SURGXFWV PDQXIDFWXUHG ZLOO YDU\ IURP \HDU WR \HDU DQG DV
QHZ OLFHQVHG SURGXFWV FRPH RQWR WKH PDUNHW 7KHUHIRUH WKH QXPEHU DQG QDPH RI HDFK SURGXFW
PDQXIDFWXUHG GXULQJ WKH SHULRG RI UHYLHZ IRU WKH 345 PXVW EH LQFOXGHG ZLWKLQ WKH 345 UHSRUW
DQG ZLWKLQ WKH 345 UHJLVWHU

 3UHSDULQJ SURGXFW TXDOLW\ UHYLHZV

$ 345 UHSRUW VKRXOG EH SUHSDUHG IRU HYHU\ VFKHGXOHG UHYLHZ XVLQJ D FRQWUROOHG UHSRUW WHPSODWH
WR HQVXUH D VWDQGDUGLVHG GRFXPHQWDWLRQ DSSURDFK 7KH UHSRUW VKRXOG LQFOXGH WKH IROORZLQJ
• SURGXFW QDPHV
• EDWFK VL]HV DQG SUHVHQWDWLRQV
• UHYLHZ GDWH
• UHIHUHQFHV WR VRXUFH GDWD
• FRPSDULVRQ RI WKH UHYLHZ IURP SUHYLRXV 345V
• GDWH WKDW WKH QH[W UHYLHZ LV UHTXLUHG
• JURXSLQJV DQG VFLHQWLILF MXVWLILFDWLRQ
• LGHQWLILFDWLRQ RI LVVXHV RU WUHQGV
• VXPPDU\ RI ILQGLQJV FRQFOXVLRQV DQG UHFRPPHQGDWLRQV
• SURSRVHG DFWLRQV DQG
• QDPHV DQG VLJQDWXUHV ZLWK GDWH RI WKH SHUVRQV UHVSRQVLEOH IRU SUHSDULQJ UHYLHZLQJ DQG
DSSURYLQJ WKH UHSRUW

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH 

 &RQGXFWLQJ DQG GRFXPHQWLQJ D345
3,&6 *XLGH WR *03 &ODXVH  UHTXLUHV WKH IROORZLQJ SDUDPHWHUV DW PLQLPXP WR EH DVVHVVHG
ZKHQ FRQGXFWLQJ 345

WĂƌĂŵĞƚĞƌ džĂŵƉůĞƐŽĨŝŶĨŽƌŵĂƚŝŽŶƚŽďĞƌĞǀŝĞǁĞĚ
6WDUWLQJ PDWHULDOV • ,GHQWLI\ DOO VWDUWLQJ DQG SDFNDJLQJ PDWHULDOV UHFHLYHG LQ WKH
$ UHYLHZ RI VWDUWLQJ PDWHULDOV \HDU DQG XVHG LQ SURGXFW PDQXIDFWXUH
LQFOXGLQJ SDFNDJLQJ PDWHULDOV XVHG • 1DPH RI WKH VXSSOLHUVPDQXIDFWXUHUV RI WKH PDWHULDOV
LQ WKH SURGXFW HVSHFLDOO\ WKRVH • 6XSSOLHU¶V &HUWLILFDWH RI $QDO\VLV &R$ RU &HUWLILFDWHV RI
IURP QHZ VRXUFHV
,QSURFHVV FRQWUROV DQG TXDOLW\
FRQWURO WHVWLQJ PDQXIDFWXULQJ DQG SDFNDJLQJ SURFHVV IURP ERWK FKHPLVWU\ DQG
$ UHYLHZ RI FULWLFDO LQSURFHVV
FRQWUROV DQG ILQLVKHG SURGXFW
UHVXOWV
0DQXIDFWXUHG EDWFKHV
LQWHUPHGLDWHV EXON ILQLVKHG
SURGXFWV DQG FDPSDLJQ
&RPSOLDQFH &R& RU DQDO\WLFDO UHVXOWV
• 6LJQLILFDQW GHYLDWLRQV RU WUHQGV
• ,QVSHFWLRQ UHMHFWLRQ UDWH
• &KDQJHV WR SURGXFWLRQ SURFHVV RU VSHFLILFDWLRQV E\
VXSSOLHUV
• 5HVXOWV RI DQDO\WLFDO WHVWV
7UHQG LQSURFHVV WHVW UHVXOWV DQG 4& WHVW UHVXOWV LQ WKH
PLFURELRORJ\ DVSHFWV
7UHQGLQJ PD\ WDNH LQWR FRQVLGHUDWLRQ
• 3K\VLFDO YDULDWLRQV ± HJ ZHLJKWGLPHQVLRQ IULDELOLW\
KDUGQHVV GLVLQWHJUDWLRQ WLPH ILOO YROXPHRYHUDJH
XQLIRUPLW\ RI FRQWHQW
• &KHPLFDO YDULDWLRQV ± HJ DVVD\ UHODWHG
VXEVWDQFHVPDQXIDFWXULQJ UHODWHGLPSXULWLHV S+ UHVLGXDO
VROYHQWV
• 5HMHFWHG XQLWV ± HJ EUHDNDJHV SDUWLFXODWHV HWF
<LHOG UHFRQFLOLDWLRQ IURP VWDJHV RI WKH PDQXIDFWXULQJ SURFHVV
XVLQJ GDWD IURP WKH DVVRFLDWHG EDWFK UHFRUGV
• /LVW GHYLDWLRQV DQG QRQFRQIRUPDQFHV DVVRFLDWHG ZLWK WKH
SURGXFW XQGHU UHYLHZ
• ,GHQWLI\ GHYLDWLRQ&$3$ UHSRUWV DQG WKH DVVRFLDWHG EDWFKHV
EDWFKHV
• ,GHQWLI\ FXUUHQW VWDWXV RI LQYHVWLJDWLRQV SURYLGLQJ D
$ UHYLHZ RI DOO EDWFKHV WKDW IDLOHG WR VXPPDU\ RI WKH
PHHW HVWDEOLVKHG VSHFLILFDWLRQV
DQG WKHLU LQYHVWLJDWLRQ
'HYLDWLRQV DQG &$3$ •
$ UHYLHZ RI DOO VLJQLILFDQW GHYLDWLRQV
RU QRQFRQIRUPDQFHV WKHLU UHODWHG
LQYHVWLJDWLRQV DQG WKH HIIHFWLYHQHVV
RI UHVXOWDQW FRUUHFWLYH DQG
SUHYHQWLYH DFWLRQV WDNHQ
• $VVHVV FRUUHFWLYH DFWLRQV IRU VLJQLILFDQW GHYLDWLRQV DQG QRQ
*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV
- UHDVRQ IRU WKH IDLOXUH
- FRPSOHWHG LQYHVWLJDWLRQV
- FRUUHFWLYH DFWLRQV WDNHQ
- HIIHFWLYHQHVV RI WKH DFWLRQ
/LVW WKH IROORZLQJ UHODWLQJ WR VLJQLILFDQW GHYLDWLRQV DQG QRQ
FRQIRUPDQFHV
- UHDVRQ IRU WKH IDLOXUH
- FRPSOHWHG LQYHVWLJDWLRQV
- FRUUHFWLYH DFWLRQV WDNHQ
FRQIRUPDQFHV IURP SUHYLRXV 345V LQGLFDWLQJ WKH VWDWXV RI
HDFK RI WKH FRUUHFWLYH DFWLRQV DQG WKHLU HIIHFWLYHQHVV
3DJH 
 WĂƌĂŵĞƚĞƌ džĂŵƉůĞƐŽĨŝŶĨŽƌŵĂƚŝŽŶƚŽďĞƌĞǀŝĞǁĞĚ
3URFHVV RU WHVWLQJ FKDQJHV • &KDQJHV DVVHVVHG VKRXOG FRQVLGHU ERWK WKRVH FORVHG GXULQJ
$ UHYLHZ RI DOO FKDQJHV FDUULHG RXW WKH UHYLHZ SHULRG DQG DSSURYHG WR FRPPHQFH EXW QRW \HW
WR WKH SURFHVVHV RU DQDO\WLFDO LPSOHPHQWHG 7KH FKDQJH VWDWXV VKRXOG EH LGHQWLILHG HJ
PHWKRGV DSSURYHG WR FRPPHQFH FORVHG DQG DVVRFLDWHG GDWHV
• &DWHJRULVH WKH FKDQJH W\SH HJ FRPSRQHQW ODEHOOLQJ
SDFNDJLQJ PDWHULDOV PDQXIDFWXULQJ SURFHVV DQDO\WLFDO
PHWKRGV HWF DQG DVVHVV IRU WUHQGV DQG RYHUDOO LPSDFW RQ
TXDOLW\
• ,GHQWLI\ WKH EDWFKHV DIIHFWHG
• 3URYLGH D MXVWLILFDWLRQ IRU WKH FKDQJH
• 5HYLHZ WKH HIIHFWLYHQHVVLPSDFW RI WKH FKDQJH RQ WKH
EDWFK XQGHU UHYLHZ
0DUNHWLQJ DXWKRULVDWLRQV /LVW DQG UHYLHZ WKH 0DUNHWLQJ $XWKRULVDWLRQ YDULDWLRQV LQFOXGH
$ UHYLHZ RI 0DUNHWLQJ $XWKRULVDWLRQ WKLUG FRXQWU\H[SRUWRQO\ GRVVLHUV
YDULDWLRQV VXEPLWWHGJUDQWHG • QXPEHU RI SURGXFWV VXEPLWWHG DQG JUDQWHGUHIXVHG
UHIXVHG LQFOXGLQJ WKRVH IRU WKLUG • QXPEHU RI SURGXFWV UHJLVWHUV ORFDOO\ DQG RYHUVHDV
FRXQWU\ H[SRUW RQO\ GRVVLHUV
6WDELOLW\ SURJUDPPH •
$ UHYLHZ RI WKH UHVXOWV RI WKH
VWDELOLW\ PRQLWRULQJ SURJUDPPH DQG
DQ\ DGYHUVH WUHQGV
• DQ\ FKDQJHV PDGH WR WKH SURGXFW WKDW UHTXLUH VXEPLVVLRQ
RI D YDULDWLRQ WR WKH 0DUNHWLQJ $XWKRULVDWLRQ
• IRU WKH DERYH YDULDWLRQV WKDW KDYH EHHQ VXEPLWWHG ,I QRW
VXEPLWWHG WKH UHDVRQV WKHUHIRUH VKRXOG EH LQYHVWLJDWHG
DQG D FRQFOXVLRQ GRFXPHQWHG
• IRU YDULDWLRQV VXEPLWWHG ZKHWKHU RU QRW WKH\ KDYH EHHQ
JUDQWHG RU UHIXVHG ,I UHIXVHG WKH LPSDFW VKRXOG EH
DVVHVVHG DQG GRFXPHQWHG
/LVW WKH QXPEHU RI EDWFKHV RI SURGXFW LQ UHYLHZ LQFOXGHG LQ
VWDELOLW\ VWXGLHV GXULQJ WKH UHYLHZ SHULRG
• 5HYLHZ WKH UHVXOWV RI DQ\ ORQJ WHUP DQG RQJRLQJ VWDELOLW\
RI WKH EXON DQG PDUNHWHG SURGXFW
• ,QFOXGH SURGXFW LQIRUPDWLRQ VXFK DV PDQXIDFWXULQJ GDWH
UHIHUHQFH WR WKH DVVRFLDWHG PHWKRG VKHOIOLIH HWF
• 5HYLHZ DQ\ RXWRIVSHFLILFDWLRQ UHVXOWV
5HWXUQHG SURGXFW • %DWFK QXPEHUV
$ UHYLHZ RI DOO TXDOLW\UHODWHG • 5HDVRQ IRU UHWXUQ DQG FODVVLILFDWLRQ RI UHDVRQ IRU WUHQGLQJ
UHWXUQV DQG WKH LQYHVWLJDWLRQV • $VVRFLDWHG LQYHVWLJDWLRQ UHSRUW QXPEHU
SHUIRUPHG DW WKH WLPH
• $FWLRQV WDNHQ DQG EDWFKHV DIIHFWHG
&RPSODLQWV DQGRU DGYHUVH • %DWFK QXPEHUV
HYHQWV • 5HDVRQ IRU FRPSODLQW DQG FODVVLILFDWLRQ IRU WUHQGLQJ
$ UHYLHZ RI DOO TXDOLW\UHODWHG • 3UHYLRXV LQVWDQFHV RYHU D GHVLJQDWHG WLPH SHULRG
FRPSODLQWV DQG WKH LQYHVWLJDWLRQV
• $VVRFLDWHG LQYHVWLJDWLRQ UHSRUW QXPEHU
SHUIRUPHG DW WKH WLPH
• $FWLRQV WDNHQ DQG EDWFKHV DIIHFWHG
• &XUUHQW VWDWXV
5HFDOOV • %DWFKHVSURGXFW UHFDOOHG
$ UHYLHZ RI DOO TXDOLW\UHODWHG UHFDOOV • 5HDVRQ IRU UHFDOO DQG FODVVLILFDWLRQ IRU WUHQGLQJ
DQG WKH LQYHVWLJDWLRQV SHUIRUPHG DW
WKH WLPH
*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV
• 5HJXODWRUV QRWLILHG DQG UHTXLUHG UHJLRQDO UHVSRQVHV
• $VVRFLDWHG LQYHVWLJDWLRQ UHSRUW QXPEHU
• $FWLRQV WDNHQ DQG EDWFKHV DIIHFWHG
• &XUUHQW VWDWXV
3DJH 
 WĂƌĂŵĞƚĞƌ džĂŵƉůĞƐŽĨŝŶĨŽƌŵĂƚŝŽŶƚŽďĞƌĞǀŝĞǁĞĚ
5HYLHZ RI SDVW 345 UHVSRQVHV 7KH IRFXV RI WKLV UHTXLUHPHQW LV RQ SUHYLRXV 345V DQG WKH
$ UHYLHZ RI DGHTXDF\ RI DQ\ RWKHU VWDWXV DQG HIIHFWLYHQHVV RI DVVRFLDWHG DFWLRQV
SUHYLRXV SURGXFW SURFHVV RU • UHYLHZ DQG UHSRUW RQ SUHYLRXV 345 &$3$V DQG FKDQJH
HTXLSPHQW FRUUHFWLYH DFWLRQV LPSOHPHQWDWLRQ VWDWXV
• DVVHVV HIIHFWLYHQHVV RI DFWLRQV WDNLQJ LQWR DFFRXQW WKH
FXUUHQW 345 ILQGLQJV
3RVWPDUNHWLQJ FRPPLWPHQWV • &RXQWU\ RI FRPPLWPHQW
)RU QHZ 0DUNHWLQJ $XWKRULVDWLRQV • 3URGXFW QDPH DQG SUHVHQWDWLRQ
DQG YDULDWLRQV WR 0DUNHWLQJ • 'HVFULSWLRQ RI WKH FRPPLWPHQW
$XWKRULVDWLRQV D UHYLHZ RI SRVW
• 6WDWXV RI WKH FRPPLWPHQW
PDUNHWLQJ FRPPLWPHQWV LI DQ\
(TXLSPHQW TXDOLILFDWLRQ /LVW DQG UHYLHZ WKH IROORZLQJ IRU FULWLFDO HTXLSPHQWLQVWUXPHQWV
7KH TXDOLILFDWLRQ VWDWXV RI UHOHYDQW
HTXLSPHQW DQG XWLOLWLHV HJ +9$&
ZDWHU FRPSUHVVHG JDVHV HWF
&RQWUDFWXDO DJUHHPHQWV 5HYLHZ FRQWUDFWV IRU VHUYLFHV DVVRFLDWHG ZLWK WKH SURGXFW LQ
$ UHYLHZ RI DQ\ FRQWUDFWXDO
DUUDQJHPHQWV WR HQVXUH WKDW WKH\
DUH XS WR GDWH
DQG XWLOLWLHV LQ SURGXFWLRQ DQG ODERUDWRU\ GHSDUWPHQWV
DVVRFLDWHG ZLWK WKH SURGXFW LQ UHYLHZ
• 4XDOLILFDWLRQUHTXDOLILFDWLRQ VWDWXV DQG WKH QH[W
TXDOLILFDWLRQ GXH GDWH RI HTXLSPHQW XVHG LQ WKH SURGXFWLRQ
SURFHVVHV DQG 4& ODERUDWRU\
• 5HIHUHQFH WR UHOHYDQW TXDOLILFDWLRQ UHSRUWV
• 5HYLHZ FKDQJHV PDGH WR HTXLSPHQW DQG XWLOLWLHV ZKLFK
UHVXOWHG LQ UHTXDOLILFDWLRQ DQG DVVHVV IRU VXEVHTXHQW
LPSDFW WR SURGXFW TXDOLW\
UHYLHZ DQG UHSRUW
• QDPH DQG DGGUHVV RI WKH FRQWUDFW DFFHSWRU
• DYDLODELOLW\ DQG GHWDLOV RI WKH ZULWWHQ FRQWUDFW
• W\SH RI VHUYLFH SURYLGHG HJ WHVWLQJ RU PDLQWHQDQFH DQG
FDOLEUDWLRQ VHUYLFHV
• FRQILUPDWLRQ WKDW WKH VHUYLFHV SURYLGHG DUH DOLJQHG ZLWK WKH
PDUNHWLQJ DXWKRULVDWLRQ
5HIHU WR 3,&6 *XLGH WR *03 &KDSWHU  IRU DGGLWLRQDO
LQIRUPDWLRQ RQ FRQWUDFW PDQXIDFWXUH DQG FRQWUDFW
UHTXLUHPHQWV

 (YDOXDWLQJ 345 UHVXOWV

7KH PDQXIDFWXUHU PXVW HYDOXDWH WKH UHVXOWV RI WKH 345 WR GHWHUPLQH ZKHWKHU DFWLRQV DUH
UHTXLUHG LQFOXGLQJ
• FRUUHFWLYH RU SUHYHQWDWLYH DFWLRQV
• YDOLGDWLRQ RU UHYDOLGDWLRQ DQG
• RWKHU VLWH RU SURFHVV FKDQJHV
3URFHVVHV VKRXOG EH GHPRQVWUDWHG WR EH LQ FRQWURO E\ GHWHUPLQLQJ XSSHUORZHU OLPLWV DQG WUHQGV
3UHYHQWDWLYH DFWLRQV PXVW EH LPSOHPHQWHG IRU DQ\ SURFHVVHV VKRZQ WR EH QRW LQ FRQWURO EHIRUH
GHYLDWLRQV RU RXWRIVSHFLILFDWLRQV RFFXU

 ,GHQWLI\LQJ WUHQGV

$SSURSULDWH VWDWLVWLFDO DQDO\VLV WHFKQLTXH VKRXOG EH XVHG WR UHYLHZ WKH GDWD FROOHFWHG DV SDUW RI
WKH 345

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH 

 dĞĐŚŶŝƋƵĞ džĂŵƉůĞ

&KDUWLQJ • 5XQ FKDUW

• &RQWURO FKDUW HJ , DQG 05 FKDUWV

3URFHVV FDSDELOLW\ 3URFHVV FDSDELOLW\ VWXG\ LV D VWDWLVWLFDO PHWKRG ZKLFK FDQ EH XVHG E\
VWXGLHV PDQXIDFWXUHUV WR HVWDEOLVK LI VSHFLILFDWLRQ OLPLWV DUH VHW DSSURSULDWHO\ HJ
8&/ DQG /&/ ,W FRPSDUHV SURFHVV LQIRUPDWLRQ WR WKH XSSHU DQG ORZHU
VSHFLILFDWLRQ OLPLWV
,W LV UHFRPPHQGHG WKDW &S&SN YDOXHV DUH WDUJHWHG DW  RU DERYH

 ,QWHUSUHWLQJ UHVXOWV

$QDO\VLV PXVW EH LQWHUSUHWHG DQG GRFXPHQWHG DV WKLV ZLOO DVVLVW PDQXIDFWXUHUV WR LGHQWLI\
FRUUHFWLYH DQG SUHYHQWDWLYH DFWLRQV LI UHTXLUHG
3URSRVHG DFWLRQV DQG FRQFOXVLRQV LQFOXGLQJ MXVWLILFDWLRQ IRU QRW LPSOHPHQWLQJ DFWLRQV ZKHQ WKH
345 KDV UHYHDOHG DQ DGYHUVH WUHQG RQ SURGXFW TXDOLW\ PXVW DOVR EH GRFXPHQWHG LQ WKH 345
UHSRUW

 345 UHVSRQVLELOLWLHV ZLWK FRQWUDFW PDQXIDFWXULQJ

:KHQ PDQXIDFWXULQJ SURFHVVHV DUH SDUWO\ RU ZKROO\ FRQWUDFWHG RXW WHFKQLFDO DJUHHPHQWV VKRXOG
EH LQ SODFH EHWZHHQ WKH YDULRXV SDUWLHV WKDW GHILQHV WKHLU UHVSHFWLYH UHVSRQVLELOLWLHV LQ FRQGXFWLQJ
WKH 345
5HIHU WR 3,&6 *XLGH WR *03 &KDSWHU  IRU DGGLWLRQDO LQIRUPDWLRQ RQ FRQWUDFW PDQXIDFWXUH DQG
FRQWUDFW UHTXLUHPHQWV

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH 

 'RFXPHQW ,QIRUPDWLRQ
9HUVLRQ 'DWH 'HVFULSWLRQ RI &KDQJH

  'HF  )LUVW YHUVLRQ

5HIHUHQFHV
'RFXPHQW 7LWOH

3,&6 *XLGH WR *RRG 0DQXIDFWXULQJ 3UDFWLFH IRU 0HGLFLQDO 3URGXFWV 3(  3DUW , DQG ,,

3,&6 *XLGH WR *03 $QQH[  4XDOLW\ 5LVN 0DQDJHPHQW

+HDOWK 6FLHQFHV $XWKRULW\ 5HJXODWRU\ *XLGDQFH *XLGDQFH 1RWHV RQ 3URGXFW 4XDOLW\ 5HYLHZ

'2&80(17 (1'

*XLGDQFH IRU ,QGXVWU\ 3URGXFW 4XDOLW\ 5HYLHZV 3DJH