Professional Documents
Culture Documents
Libro Fundamentos de Ecosonografia en Ginecología
Libro Fundamentos de Ecosonografia en Ginecología
Libro Fundamentos de Ecosonografia en Ginecología
ECOSONOGRAFÍA EN
GINECOLOGÍA
1RA. 2022
EDICIÓN
!"#$%&'#()*+$'+',)*)#)-.%!/%+'#+-0#',)1)-/%
$23456789523:!"#$%&!'(!)#(*+#,-!./'#+,-0
! !!!!!!!!1#*(+&2&34,!(-5(+#,2#','(-0!67,3(*&2&34,8
%;89523:! !!!!!!9%8!:(%3#&!.,%2&*!;#22,!:&<&!
9%8!=>&*!=,#%&!1?@7,*!1,2,%@,
9%,8!A,&2,!1,$%#(2,!=(B&*!B&%%(-
9%8!C#2-&*!"(&5&2'&!:#3?(*+#,!:,*7,%B#*
9%,8!D,%+#-,!;(%&*#+,!:,2,@,%!E(+F(%B
<=>6?=?93+795+7=523+462@93A
'?68=?9:!1%?5&!G'#B&%#,2!D,+#&*(-8
$632B9+C+?6=@5=D=46EF:!H#CIJ!5?$2#+#','
,;2F8=+49F+4E?6@9+$)0+2+6F?2G=46EF+2F+,593352HA
>BB5-KLL'&%3LMN8MOPQMLD,+#&*(-8QP
0*I#:!PRSTPPUQTUQTVWWTP
1?,Z,]?#2T!G+?,'&%!QNQQ
!"#$%&'() I
%#%()&/%+L+!0*0)1)-/%+$'1+%M%.%()+
.'M.)$",().+!'&'#0#)
%7=5=89+52759?;4895+H2D2F6F9
)K=5693
:?! -?5(%e+#(! (-! 2#-,! ,*B(-! '(! 2,! 5?$(%B,'0! 5(%&! '($#'&! ,! 2,!
7,'?%,+#[*! '(! 2&-! &a,%#&-! Z! -?! f?Y&! +4+2#+&! g&a?2,+#[*h! B#(*(!
?*,!-?5(%e+#(!#%%(3?2,%8!:(!(*+?(*B%,!(*!2,!5,%('!2,B(%,2!'(!2,!
+,a#','!5/2a#+,0!(*!2,!@&*,!'(2!&a,%#&0!_&%7,'&!5&%!(2!?%/B(%!Z!
2&-!3,*32#&-!#24,+&-!(<B(%*&-!!+?$#(%B&-!5&%!(2!5(%#B&*(&!5,%#(B,20!
(*!2,!5,%B(!#*_(%#&%!'(2!,$'&7(*0!'($,Y&!'(2!5(%#B&*(&0!2&-!a,-&-!
'(!&$B?%,+#[*!Z!2&-!*(%a#&-!(-B^*!-?$Z,+(*B(-8!
G*!2,-!7?Y(%(-0!-#*!,2?7$%,7#(*B&-!g*?245,%,-h0!-?!5&-#+#[*!
(-! +,-#! a(%B#+,2! Z0! (*! 2,-! 7?Y(%(-! +&*! 7c2B#52(-! 5,%B&-0! (2! (Y(!
5%#*+#5,2!(-!7^-!&$2#+?&!>,+#,!,$,Y&!Z!'(*B%&8!
!``!J!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!&a,%#&!(-B^!?*#'&!,!2,!5,%('!5/2a#+,!7('#,*B(!(2!2#3,7(*B&!
#*_?*'4$?2&! 5/2a#+&! &! (2! 2#3,7(*B&! -?-5(*-&%#&! '(2! &a,%#&8! G2!
7(-&a,%#&! (-! 2,! 5,%B(! '(2! 5(%#B&*(&! ]?(! -(! ?*(! 5&%! -?! $&%'(!
,*B(%#&%!+&*!(2!,*+>&!'(2!cB(%&i!?*!52#(3?(!5(%#B&*(,2!]?(!-(!?*(!
,2!cB(%&!+&*!2,-!5,%('(-!2,B(%,2(-!'(!2,!+,a#','!5/2a#+,8
'385;48;5=+6F825F=
j*!-#752(!(5#B(2#&!3(%7#*,2!+?$%(!(2!&a,%#&!(!#*7('#,B,7(*B(!
-(! (*+?(*B%,! 2,! +&%B(@,0! ]?(! -(! +&*'(*-,! ,! 2,! 5(%#_(%#,! Z! ,2!
#*B(%#&%0!?*!B(Y#'&!+&*(+B#a&!]?(!,2$(%3,!,!2&-!_&24+?2&-!&a^%#+&-8!
"&-!_&24+?2&-!-&*!_&%7,+#&*(-!+&75?(-B,-!5&%!?*,!+/2?2,!-(<?,2!
_(7(*#*,K! &a&+#B&! g[a?2&! 5%(+?%-&%h0! %&'(,'&! 5&%! ?*,! +,5,! '(!
+/2?2,-!_&2#+?2,%(-!'(!&%#3(*!(5#B(2#,28!G*!(2!&a,%#&!'(!?*,!7?Y(%!
,'?2B,!>,Z!_&24+?2&-!(*!'#_(%(*B(-!(B,5,-!'(!7,'?%,+#[*8
G2! ^%(,! '(2! &a,%#&! +(*B%,2! (-! 2,! 7/'?2,! (-5#*,20! (2! B(Y#'&!
+&*(+B#a&! +&*! -,*3%(0! *(%a#&-! 2#*_^B#+&-! Z! a,-&-! ]?(! 5(*(B%,*!
(*! (2! &a,%#&8! k'(7^-! '(! 2&-! +,7$#&-! 7&%_&2[3#+&-! ]?(! -(!
'(-+%#$#(%&*! (*! 2,! -?5(%e+#(! '(2! &a,%#&! a#*+?2,'&! ,2! +#+2&! '(!
2,! 7?Y(%0! 2,! (-B%?+B?%,! #*B(%*,! B,7$#/*! &_%(+(! '#_(%(*+#,-!
'(! ,+?(%'&! +&*! 2&-! B#(75&-! 7,%+,'&-! 5&%! 2,! e-#&2&34,! '(! 2,-!
7?Y(%(-i!(-!'#_(%(*B(!,*B(-!'(!2,!5?$(%B,'0!(*!2,!(','!,'?2B,!Z!
'(-5?/-!'(!2,!7(*&5,?-#,8!
9(-'(! (2! *,+#7#(*B&! >,-B,! 2,! 5?$(%B,'0! (2! &a,%#&! B#(*(! ?*,!
'&*,+#[*! '(! _&24+?2&-! 5%#7,%#&-0! +&75?(-B&! 5&%! ?*! &a&+#B&!
5%#7,%#&!%&'(,'&!5&%!,23?*,-!+/2?2,-!_&2#+?2,%(-8!
!``!N!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
)?,*'&! (2! _&24+?2&! '(! 1%,,_! -(! %&75(0! (2! >?(a&! (-B^! 2#$%(!
(*! 2,! +,a#','! ,$'&7#*,20! #*7('#,B,7(*B(! +,5B?%,'&! 5&%!
2,! e$%,! '(! 2,-! B%&75,-! '(! b,2&5#&8! k2! 7#-7&! B#(75&0! (2! ,*B%&!
_&2#+?2,%! -(! 22(*,! '(! -,*3%(! _&%7,*'&! (2! +?(%5&! >(7&%%^3#+&i!
?*!5(]?(\&!-,*3%,'&!+,?-,'&!5&%!?*,!%?5B?%,!_&2#+?2,%!5?('(!
#%%#B,%!(2!5(%#B&*(&!Z!+,?-,%!'&2&%!]?(!+&#*+#'(!+&*!(2!B#(75&!'(!
&a?2,+#[*8!
",-!+/2?2,-!'(!3%,*?2&-,!Z!'(!B(+,!+&7#(*@,*!,!5%&2#_(%,%!Z!
%((752,@,*!2,!-,*3%(!%^5#',7(*B(!'(-'(!(2!_&24+?2&!>(7&%%^3#+&!
+&*!+/2?2,-!7&'#e+,',-!22(*,-!'(!245#'&-!]?(!_&%7,*!(2!+?(%5&!
,7,%#22&!&!2cB(&8!
",-!+/2?2,-!$,Y,*!-(+%(B,*!(-B%[3(*&!Z!5%&3(-B(%&*,!'(-5?/-!
'(!2,!&a?2,+#[*8!:#0!,!2,!22(3,',!'(!2&-!QU!&!QW!'(2!+#+2&0!(2!>?(a&!
!``!O!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
:#0! 5&%! (2! +&*B%,%#&0! (2! >?(a&! (-B^! ?*#'&0! (2! +&%5?-! 5(%-#-B(!
'?%,*B(! (2! (7$,%,@&! Z! 5%&'?+(! 7^-! +#+2&-! '(! &a,%#&! ,*B(-! '(2!
5,%B&8
k2%('('&%!'(!UNN!_&24+?2&-!'(!2&-!UNN0NNN!5%(-(*B(-!,2!*,+(%!
-&*! 7,'?%&-8! 9(-5?/-! '(! 2,! 7(*&5,?-#,0! (2! &a,%#&! -[2&! (-B^!
_?*+#&*,*'&!+&*!_&24+?2&-!,B%[e+&-!'(-5?/-!'(!+,',!&a?2,+#[*8
!;F46EF+?2>+9K=569
",-!'&-!_?*+#&*(-!5%#*+#5,2(-!'(2!&a,%#&K!(2!_?*+#&*,7#(*B&!
(*'&+%#*&! _(7(*#*&! Z! 2,! -(+%(+#[*! '(! >&%7&*,-! _(7(*#*,-!
g(-B%[3(*&! Z! 5%&3(-B(%&*,h! ]?(! (-B^*! +&*'#+#&*,'&-! 5&%! 2,!
#*B(%a(*+#[*!'(!&B%,-!>&%7&*,-!-(+%(B,',-!5&%!2,!,'(*&>#5[e-#-K!
`! l&%7&*,!b:l!&!_&24+?2&!(-B#7?2,*B(8
`! l&%7&*,!"l!&!2?B(#*#@,*B(8
",!7,'?%,+#[*!'(!2&-!_&24+?2&-0!2,!&a?2,+#[*!Z!2,!_&%7,+#[*!
2cB(,! &+?%%(! +4+2#+,7(*B(8! G2! 5%&+(-&! +&752(B&! 3(*(%,27(*B(!
'?%,!QS!'4,-!Z!+&*-B#B?Z(!(2!+#+2&!&a^%#+&8!
",!%?5B?%,!'(2!_&24+?2&!7,'?%&!5%&'?+(!2,!-,2#',!'(2!&a&+#B&!
Z! (2! f?#'&! _&2#+?2,%8! G2! &a&+#B&0! (*! (-(! 7&7(*B&0! -?_%(! ?*,!
!``!P!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
'#a#-#[*! +(2?2,%! %('?+B&%,! ]?(! ',! 2?3,%! ,! 2,! _&%7,+#[*! '(! 2&-!
[a?2&-0!(-!'(+#%0!-?!'&B,+#[*!+%&7&-[7#+,!'#52&#'(!'(!QV!5,%(-!
'(!+%&7&-&7,-!-(!+&*a#(%B(!(*!?*&-!+%&7&-&7,-!>,52&#'(-8
",! &B%,! 7#B,'! (-! ?*! '(-+,*-&! 22,7,'&! +&%5c-+?2&! 5&2,%8! G2!
+%&7&-&7,!-(<?,2!'(2!3,7(B&!_(7(*#*&!-#(75%(!(-!m0!5&%]?(!
(2!5,%!'(!+%&7&-&7,-!-(<?,2(-!'(!&a&+#B&-!(-!QN8!:#!-(!5%&'?+(!
_(%B#2#@,+#[*0! 2&-! (-5(%7,B&@&#'(-! +&*B%#$?Z(*! ,! -?! '&B,+#[*!
+%&7&-[7#+,0! +&%%(-5&*'#(*B(! ,! -?! +%&7&-&7,! -(<?,20! <! &! Z0!
+&*!(2!'(2![a?2&0!',*'&!+,$#',!5,%,!2,!_&%7,+#[*!'(!?*!+#3&B&!
<<!&!<Z8
(59D7=3+?2+!=>9769
!95D=R+368;=46EF+2+6F82552>=469F23
"&-!B?$&-!?!&a#'?+B&-!-&*!2&-!+&*'?+B&-!]?(!22(a,*!(2!&a,%#&!
,2!cB(%&8!.#'(*!(*B%(!MN!&!MQ!+7!Z!+&*-#-B(*!(*!+?,B%&!5,%B(-K!
5,$(22[*0!2^75,%,0!#-B7&!Z!5,%B(!#*B%,7?%,28!",!5,%B(!#*B%,7?%,2!
(-B^!(-B%(+>,7(*B(!a#*+?2,',!,2!7?%&!'(2!cB(%&8!)&7#(*@,!(*!(2!
&%#e+#&!?B(%#*&!'(2!B?$&0!+%?@,!2,!5,%('!?B(%#*,!Z!+&*B#*c,!+&*!
(2!#-B7&8!
!``!Q!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(<5?2-,'&!5&%!?*!_&24+?2&!&a^%#+&!7,'?%&8!G2!$&%'(!'(2!5,$(22[*!
(-B^!%&'(,'&!'(!(<B(*-#&*(-!&!+,%%#2(-!(*!(2!5,$(22[*!7^-!2,%3&0!
-(!?*(!,2!&a,%#&8!
'385;48;5=+6F825F=
!;F46EF+?2+>=3+(59D7=3+?2+!=>9769
)?,*'&! -(! %&75(! (2! _&24+?2&! '(! 1%,,_0! (2! [a?2&! +,(! (*! 2,!
+,a#','! 5(%#B&*(,20! 5(%&! 2,-! e7$%#,-! '(2! 5,$(22[*! (-B,$2(+(*!
?*,!+&%%#(*B(!24]?#',!]?(!,%%,-B%,!(2![a?2&!,!2,!+,a#','!?B(%#*,8!
j*,! a(@! '(*B%&0! 2,! 7?+&-,! -(! B&%*,! 7^-! ,$?*',*B(! (*! (2!
5,$(22[*0! %(B%,-,! (2! ,a,*+(! '(2! [a?2&! ,2! cB(%&8! ",-! +/2?2,-!
!``!S!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G*!2,-!B%&75,-!(2!'(-52,@,7#(*B&!'(!2&-!(-5(%7,B&@&#'(-!-(!
%(,2#@,! 5&%! -?! 5%&5#,! 7&B#2#','0! ,Z?','&! 5&%! 2&-! 7&a#7#(*B&-!
'(2! B?$&! _,2&5#,*&8! :&2&! ?*! (-5(%7,! (-B^! #*a&2?+%,'&! (*! 2,!
_(%B#2#@,+#[*!'?%,*B(!2,!_(+?*',+#[*8!
G2! [a?2&! _(%B#2#@,'&! &! *&! -(! '#%#3(! '(-'(! 2,! B%&75,! ,2! cB(%&0!
,Z?','&! 5&%! 2&-! 7&a#7#(*B&-! '(! 2&-! +#2#&-! '(2! (5#B(2#&! Z! 2,-!
+&*B%,++#&*(-!'(!2,!+,5,!7?-+?2,%8!G-B(!5%&+(-&!'?%,!,2%('('&%!
'(!V!'4,-0!'?%,*B(!2&-!+?,2(-0!-#!>?$&!_(%B#2#@,+#[*0!-(!5%&'?+(*!
2,-!5%#7(%,-!'#a#-#&*(-!+(2?2,%(-0!(2!+#3&B&8
U8259
!95D=R+368;=46EF+2+6F82552>=469F23
G2! cB(%&! (-B^! (*B%(! 2,! a(Y#3,! Z! (2! %(+B&0! '($,Y&! '(! 2,!
5,%B(! #*B(-B#*,2! Z! 5&%! (*+#7,! '(! 2,! a,3#*,8! d#(*(! ?*! +&*&!
2#3(%,7(*B(!,52,*,'&!Z!+&*!2,!5,%B(!-?5(%#&%!>,+#,!,$,Y&8!.#'(!
,5%&<#7,',7(*B(! R! +7! '(! ,2B?%,! Z0! (*! -?! 5,%B(! 7^-! 3%,*'(0!
,%%#$,0!,5%&<#7,',7(*B(!W!+7!'(!2&*3#B?'8
G*!(2!7('#&0!B#(*(!?*!(-B%(+>,7#(*B&!?B(%#*&!]?(!2&!'#a#'(!(*!
'&-!5,%B(-K!(*!2,!5,%B(!-?5(%#&%!'(2!+?(%5&!Z!(*!2,!5,%B(!#*_(%#&%!
'(2!+?(22&0!]?(!(-B^!(*!_&%7,!7^-!&!7(*&-!+#24*'%#+,8
G2!+?(%5&!-(!#*+2#*,!>,+#,!,'(2,*B(!Z!'(-+,*-,!-&$%(!2,!5,%B(!
-?5(%#&%! '(! 2,! a(Y#3,0! _&%7,*'&! ?*! ^*3?2&! +&*! (2! +?(22&! '(!
,5%&<#7,',7(*B(!MQN!3%,'&-8!G-B&!-(!'?52#+,!5,%,!2,!5&-#+#[*!
'(! ,*B(f(<#[*i! 5&%! &B%&! 2,'&0! 2,! '#-5&-#+#[*! '(2! cB(%&! (*!
+&75,%,+#[*!+&*!2,!a,3#*,!-(!_&%7,!+&*!(-B(!^*3?2&!'(!+,-#!PN!
3%,'&-!?*,!5&-#+#[*!,*B(%#&%!'(2!cB(%&8!
!``!T!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G*! B&'&-! 2&-! +,-&-0! (2! cB(%&! (-! ?*! [%3,*&! 7?Z! 7[a#2! Z! -?!
5&-#+#[*!a,%4,!-(3c*!(2!(-B,'&!'(!2,-!a4-+(%,-!+(%+,*,-K!2,!a(Y#3,!
Z! (2! %(+B&8! G2! $&%'(! -?5(%#&%! '(2! cB(%&! (-! (2! _&*'&! Z! (*! ,7$&-!
2,'&-!(-B^*!2&-!^*3?2&-!#*B(%*&-!'(-'(!2&-!]?(!-,2(*!2,-!B%&75,-8!
k'(7^-0!(-B&-!^*3?2&-!-(!#*-(%B,*!,!+,',!2,'&!'(!2&-!2#3,7(*B&-!
cB(%&T&a^%#+&-!Z!2&-!2#3,7(*B&-!%('&*'&-8!
G-B(!c2B#7&!(-!?*!7('#&!'(!?*#[*!]?(!'(e*(!(2!cB(%&!(*!2,-!
%(3#&*(-! #*3?#*,2(-! Z! 5c$#+,-0! 22(3,*'&! ,! 2,! 5#(2! '(! 2,! a?2a,8!
G*!(2!+,*,2!#*3?#*,20!&+?5,!(2!2?3,%!+&%%(-5&*'#(*B(!,2!+&%'[*!
(-5(%7^B#+&!'(2!>&7$%(8
G2! +?(22&! ?B(%#*&! (-B^! ?*#'&! ,! 2,! a,3#*,0! +?,*'&! -(! #*-(%B,!
,2240!-(!'#a#'(!(*!?*,!5,%B(!-?5%,a,3#*,2!Z!&B%,!a,3#*,2!]?(!(-B^!
'#-(\,',! 5,%,! (-B,! Z! %(+#$(! (2! *&7$%(! >&+#+&! '(! B(*+,8! G-B,!
5,%B(! B#(*(! (2! &%#e+#&! (<B(%#&%! '(2! +?(22&! ?B(%#*&! (-! 5(]?(\&! Z!
%('&*'(,'&! ,! 2,-! 7?Y(%(-! -#*! ,2?7$%,7#(*B&-i! Z0! B#(*'(! ,! -(%!
7^-!#%%(3?2,%!(*!2,-!]?(!>,*!B(*#'&!a,%#&-!5,%B&-8
G2! 5(%#B&*(&! +?$%(! (2! _&*'&! ?B(%#*&! Z! 2,! 5,%('! B%,-(%,! 22(3,!
,2! ^%(,! '(! 2,! a(Y#3,! '&*'(! -(! %(f(Y,! +?$%#(*'&! -?! -?5(%e+#(!
-?5(%#&%0!'(2#7#B,*'&0!(*B%(!(-B&-!'&-![%3,*&-0!(2!_&*'&!a(-#+&T
?B(%#*&8!9(-'(!2,!5,%B(!B%,-(%,!22(3,!>,-B,!2,!a,3#*,0!]?(!+?$%(!
(-B,!-(++#[*!,5%&<#7,',7(*B(!Q!+70!5,%,!5&'(%!-?$#%!,2!%(+B&i!
(*B%(! (-B&-! '&-! [%3,*&-! >,Z! (2! _&*'&! '(2! -,+&! %(+B&?B(%#*&! &!
_&*'&!'(!-,+&!'(!9&?32,-0!5,25,$2(!,*B(!?*!B,+B&!%(+B,2!Z!a,3#*,28
G*! ,7$&-! 2,'&-! '(2! cB(%&0! (2! 5(%#B&*(&! +?$%(! 2,-! B%&75,-!
'(!b,2&5#&0!(2!2#3,7(*B&!cB(%&T&a^%#+&!Z!(2!2#3,7(*B&!%('&*'&0!
]?(!+,(!(*!(-B,-!(-B%?+B?%,-!,!2&!2,%3&!'(!-?!2&*3#B?'8!G2!52#(3?(!
!``!VW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G*! (-B(! c2B#7&0! 2,! 5,%B(! +&%%(-5&*'#(*B(! ,2! &a,%#&! (-! (2!
7(-&a,%#&8! G*B%(! 2,-! '&-! 5,%B(-! '(2! 2#3,7(*B&! ,*+>&0! +#%+?2,*!
2,-! ,%B(%#,-! Z! 2,-! a(*,-! ?B(%#*,-! Z! -?-! %,7,-! (*! 2,-! B%&75,-!
g,%B(%#,-!B?$^%#+,-h8!G*!2,!5,%B(!+&%%(-5&*'#(*B(!,2!7(-&-,25#*<!
-(!(*+?(*B%,!(2!+?(%5&!'(!2&-!&%3^*#+&-8
'385;48;5=+6F825F=
G2!cB(%&!B#(*(!B%(-!+,5,-!]?(0!(*!(2!#*B(%#&%!-&*!2,!7?+&-,!&!(2!
(*'&7(B%#&i!7#&7(B%#&!&!7?-+?2,%i!Z0!,'a(*B#+#,!&!-(%&-,8
&;493=+9+2F?9D28569
",! 7?+&-,! &! (2! (*'&7(B%#&! -(! +&75&*(! '(! ?*! (5#B(2#&!
+#24*'%#+&! -#752(0! +&*! +/2?2,-! +#2#,',-! Z! -(+%(B&%,-8! o! 2&-!
-(+B&%(-!-(!$,-,*!(*!?*,!+&>&%B(!+&*!7?+>&-!a,-&-!-,*3?4*(&-!
Z!32^*'?2,-!B?$?2,%(-!(<&+%#*,-!-#752(-8!9#-7#*?Z(!'(!(-5(-&%!
(*!(2!#-B7&0!'&*'(!(2!+&%#&*!+&*B#(*(!7^-!32^*'?2,-8!
G*! (2! +?(22&0! B#(*(! 52#(3?(-! (*! _&%7,! '(! 5,27,8! G2! (5#B(2#&!
7,*B#(*(! -?! (-B%?+B?%,! $^-#+,! >,-B,! 22(3,%! ,2! ,3?Y(%&! +(%a#+,2!
(<B(%*&0!'&*'(!-(!B#(*(!(2!(5#B(2#&!a,3#*,2!'(!?*!2,7#*,'&!52,*&8!
!``!VV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G-B,!^%(,!'(!B%,*-#+#[*!'&*'(!(2!(5#B(2#&!,2B(%,!-?!7&%_&2&34,!
B#(*(!?*!#*B(%/-!+24*#+&!(-5(+#,2!5&%]?(!(-!5%(+#-,7(*B(!'&*'(!
(2! +^*+(%! +(%a#+,2! -(! '(-,%%&22,! ?-?,27(*B(8! ",! 5,%B(! 7?+&-,!
?$#+,',!'(*B%&!'(2!&%#e+#&!(<B(%#&%!(-!(2!(*'&+/%a#<!Z!(2!(<B(%#&%!
(-! (2! (<&+/%a#<0! ]?(! B#(*(! 2,-! '#_(%(*+#,-! (5#B(2#,2(-! ,*B(-!
7(*+#&*,',-8
&69D28569+9+D;34;>=5
`! ),5,!#*B(%*,0!_&%7,',!5&%!e$%,-!2&*3#B?'#*,2(-8
`! ! ),5,! 7('#,0! 7?+>&! 7^-! 3%?(-,0! +&*! e$%,-! (-5#%,2(-!
,2%('('&%!'(2!cB(%&8!G-B,!'#-5&-#+#[*!5(%7#B(!(<B(*'(%-(!
(*!+,-&!'(!(7$,%,@&!Z!(2!+%(+#7#(*B&!?B(%#*&!%(-?2B,*B(!
5%&7?(a(! -?! %(*'#7#(*B&! (*! (2! 5,%B&0! -(! +&*B%,(! (*! (2!
5(%4&'&!'(!(<5?2-#[*8
`! ),5,! (<B(%*,0! +?Z,-! e$%,-! -&*! 2&*3#B?'#*,2(-8! G2!
7#&7(B%#&!(-B^!7?Z!a,-+?2,%#@,'&!Z!+&*B#(*(!,$?*',*B(-!
e$%,-! +&*Y?*B,-8! 9?%,*B(! (2! (7$,%,@&! 5,-,! 5&%! ?*,!
>#5(%B%&e,!]?(!'(-,5,%(+(!'(-5?/-!'(2!*,+#7#(*B&8
%?K2F8646=+9+32593=
",!(*a&2B?%,!-(%&-,!(-B^!%(5%(-(*B,',!5&%!(2!5(%#B&*(&!(*!2,-!
5,%B(-! ?B(%#*,-! +?$#(%B,-! 5&%! (-B(K! 2,! 5,%B(! #*_(%#&%! Z! 2,-! +,%,-!
,*B(%#&%(-!Z!5&-B(%#&%(-8!
",-!&B%,-0!2,-!^%(,-!'(2!5(%#B&*(&!B#(*(*!?*!B(Y#'&!+&*(+B#a&!
+&*Y?*B#a&8
!``!VX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
!;F46EF+?2>+Y8259
&=F82F25+2>+2DZ56EF+?;5=F82+2>+2DZ=5=[9
G*!2,!5%#7(%,!_?*+#[*0!(2!(*'&7(B%#&!Y?(3,!?*!5,5(2!,+B#a&8!
:#!>,Z!(7$,%,@&!(-B^!5%(5,%,'&!5,%,!,2$(%3,%!,2!(7$%#[*!Z0!5&%!
2&!B,*B&0!5(%7,*(+(%!'?%,*B(!B&'&!(-(!5(%#&'&8
)?,*'&!(2![a?2&!_(%B#2#@,'&!22(3,!,2!cB(%&0!-(!*?B%(!7('#,*B(!
-(+%(+#&*(-!(*'&7(B%#,2(-!(*!(2!]?(0!'(!V!,!U!'4,-0!5,%,!2,!7#B&-#-!
-?+(-#a,!>,!,2+,*@,'&!2,!_,-(!'(!$2,-B&+#-B&!Z!(-B^!%&'(,'&!5&%!
(*@#7,-!5%&B(&24B#+,-!+/2?2,-!-(+%(B&%,-!B%&_&$2^-B#+,-8!
G2!&<43(*&!Z!2&-!*?B%#(*B(-!5,-,*!'(!-,*3%(!7,B(%*,!,!_(B,2!
,!B%,a/-!'(!?*,!'#_?-#[*!-#752(!Z!&B%&-!-#-B(7,-!'(!B%,*-5&%B(8!
G2! 7,*B(*#7#(*B&! '(2! &a,%#&! +&%%(-5&*'(! ,! 2,! 5%&'?++#[*! (*!
2,! 52,+(*B,! '(! 2,! >&%7&*,! 3&*,'&B%&5#*,0! ]?(! 7,*B#(*(! 2,!
+,5,+#','!*?B%#+#&*,2!'(2!(*'&7(B%#&8
'G7;>3=5+2>+H289+4;=F?9+>>2@=+=+8\5D6F9
G*! +?,*B&! ,! 2,! -(3?*',! _?*+#[*! (*! 2,! (<5?2-#[*! '(2! _(B&!
'(-,%%&22,'&0!(-!(2!7#&7(B%#&!]?(!B&7,!(2!+(*B%&!'(!2,-!,++#&*(-8!
G-B(! (-! (2! 7(+,*#-7&! 5&%! (2! +?,20! +?,*'&! 22(3,! (2! 7&7(*B&0!
-(! ',! (2! 5,%B&i! B#(*(! ?*,! 5,%B#+#5,+#[*! 7?Z! #75&%B,*B(! (*! 2,!
!``!VJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! ",! +,$(@,! '(2! _(B&! (<5,*'(! (2! +?(22&! ?B(%#*&0! 2&! ]?(!
5%&a&+,! ?*! %(f(Y&! '(! 2,! -(+%(+#[*! '(! &<#B&+#*,! 5&%! 2,!
*(?%&>#5[e-#-8
`! ",!&<#B&+#*,!+&*B%,(!2&-!7c-+?2&-!'(2!cB(%&0!'(-+(*'#(*'&!
,2!_(B&!2&!]?(!(<5,*'(!,c*!7^-!(2!+?(22&!?B(%#*&8
",-!+&*B%,++#&*(-!(*!(2!5,%B&!+&7#(*@,*!(*!2,!5,%B(!#*_(%#&%!
'(2! cB(%&0! 5(%'#(*'&! -?! #*B(*-#','! (*! -?! 5%&3%(-#[*8! k2!
5%#*+#5#&0!(-B^*!'#-B,*B(-!(*B%(!-40!5(%&!2,!_%(+?(*+#,!,?7(*B,!
>,-B,!]?(!,2+,*@,!?*,!+&*B%,++#[*!+,',!Q!,!V!7#*?B&-0!+,',!a(@!
>,Z! 7^-! #*B(*-#','0! 2&! ]?(! B(%7#*,! 5%&'?+#(*'&! 2,! (<5?2-#[*!
'(2!_(B&!Z!2,!52,+(*B,8!6*7('#,B,7(*B(!'(-5?/-!'(2!*,+#7#(*B&0!
(2!cB(%&!-(!+&7#(*@,!,!(*a&2a(%0!a&2a#(*'&!,!-?!B,7,\&!,*B(%#&%!
,2!(7$,%,@&!'(-5?/-!'(!M!7(-!gU!-(7,*,-h8
<=@6F=
!95D=R+368;=46EF+2+6F82552>=469F23
",! a,3#*,! (-! ?*! +&*'?+B&! ]?(! -(! (<B#(*'(! '(-'(! (2! +?(22&!
?B(%#*&! >,-B,! 2,! a?2a,8! G-B^! (*B%(! 2,! a(Y#3,! Z! (2! %(+B&0! '(-'(! (2!
+?,2! -(! -(5,%,*! '&-! 5,%B#+#&*(-! +&*(+B#a,-8! :?! 7('#',! 5?('(!
&-+#2,%! (*B%(! 2&-! R! Z! MN! +7i! Z0! -?-! 5,%('(-! -&*! 7?Z! (2^-B#+,-! Z!
'&$2,',-!5,%,!5(%7#B#%!]?(!(2!_(B&!-,23,!(*!(2!5,%B&8!G*!2,!@&*,!
-?5(%#&%!-(!_&%7,!?*,!$&2-,!,2%('('&%!'(2!>&+#+&!'(!B(*+,!&!2,!
5,%B(!#*B%,a,3#*,2!'(2!+?(22&!?B(%#*&8!
!``!VN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!(<B%(7&!#*_(%#&%!(-B^!5,%+#,27(*B(!+(%%,'&!5&%!?*!52#(3?(!
7?+&-&0! (2! >#7(*0! ]?(! (*! 2,! 7,Z&%4,! '(! 2&-! +,-&-! -(! %&75(!
'(-5?/-!'(2!5%#7(%!(*+?(*B%&!-(<?,20!2&-!(-+&7$%&-!'(2!>#7(*!
-(!22,7,*!+,%c*+?2,-!7#%B#_&%7(-8!
G*!2,!5,%B(!'(2,*B(%,!(*+&*B%,7&-!2,!-?5(%e+#(!B%,-(%,!'(!2,!
a(Y#3,!Z!2,!5,%B(!B(%7#*,2!'(!2&-!?%/B(%(-!Z!'($,Y&0!+&*!2,!?%(B%,8!
A&%! '(B%^-! (-B^! a#*+?2,'&! ,2! %(+B&! Z! 2,! 5,%B(! #*_(%#&%! (-B^! (*!
+&*B,+B&!+&*!2,!5,%B(!#*_(%#&%!'(2!-,+&!'(!9&?32,-8
'385;48;5=+6F825F=
",!a,3#*,!(-B^!+&75?(-B,!'(!7?+&-,0!7c-+?2&!Z!,'a(*#7#(*B&0!
'#+>,! 7?+&-,! (-B^! +&75?(-B,! 5&%! ?*! (5#B(2#&! (-B%,B#e+,'&!
*&! ]?(%,B#*#@,'&! Z! B#(*(! 7?+>&-! 52#(3?(-! B%,*-a(%-,2(-8! ",!
7?+&-,! a,3#*,2! (-B^! (<5(%#7(*B,*'&! +,7$#&-! '?%,*B(! (2! +#+2&!
7(*-B%?,2K!$,Y&!2,!#*f?(*+#,!'(2!(-B%[3(*&!(*!2,!5%#7(%,!_,-(0!
(2! (5#B(2#&! '(! 2,! a,3#*,! (<5(%#7(*B,! ?*! %^5#'&! +%(+#7#(*B&! Z!
B,7$#/*!-(!+&%*#e+,8
9(-5?/-!'(!2,!&a?2,+#[*0!(2!(5#B(2#&!a,3#*,2!-(!#*e2B%,!(*!2&-!
2(?+&+#B&-!Z!-(+%(B,!7&+&!a#-+&-&i!(2!_%&B#-!-(!5%(-(*B,!(*!(-B,!
(B,5,!'(!+/2?2,-!+&%*#e+,',-0!7?+#*,!Z!2(?+&+#B&-8
",! +,5,! 7?-+?2,%! (-! 2#-,! Z! 2&-! 7c-+?2&-! (-B%#,'&-! +(%+,! '(!
2,!a,3#*,!g?%(B%,!'(2!(-_4*B(%0!(2(a,'&%!'(2!,*&0!$?2$&+,a(%*&-&0!
(B+8h! ,3%(3,*! e$%,-! ,! 2,! 5,%('8! ",! ,'a(*B#+#,! +&*B#(*(! a,-&-! Z!
*(%a#&-8! G2! B(Y#'&! +&*(+B#a&! ]?(! %&'(,! 2&-! [%3,*&-! a(+#*&-!
+&*B#*c,8
!;F469F23+?2+>=+K=@6F=
G-! (2! +?(%5&! '(! 2,! +&5?2,+#[*! '(! 2,-! 7?Y(%(-0! %(-5&*-,$2(!
'(! 2,! (*B%,',! '(2! 5(*(8! )&*B%#$?Z(! ,! 2,! 2?$%#+,+#[*! '?%,*B(! (2!
,+B&! -(<?,2! ,! B%,a/-! '(! 2,! -(+%(+#[*! 7?+&-,0! *(+(-,%#,! 5,%,!
]?(! (2! -(<&! 5%&'?@+,! ?*,! -(*-,+#[*! 52,+(*B(%,8! A&%! &B%&! 2,'&0!
!``!VO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
'?%,*B(!(2!&%3,-7&0!-?!+,5,!7?-+?2,%!-(!+&*B%,(!%4B7#+,7(*B(0!
(-B#7?2,*'&!(2!5(*(8!
G*!2,-!7?Y(%(-0!'?%,*B(!(2!-(<&0!-(!&$-(%a,*!a,%#&-!+,7$#&-!
e-#&2[3#+&-K
`! ",!(<+#B,+#[*K!",-!-(*-,+#&*(-0!'($#'&!,!2,!(-B#7?2,+#[*!
_4-#+,! &! 7(*B,20! -#3?(*! ?*! +,7#*&! +&*-+#(*B(! >,+#,! (2!
+(%($%&! Z! ?*! +,7#*&! #*+&*-+#(*B(! ]?(0! ,! B%,a/-! '(! 2,!
7/'?2,! (-5#*,20! +,?-,! 2,! (%(++#[*! '(2! +24B&%#-8! k'(7^-0!
(<#-B(!2,!>#*+>,@[*!'(!2&-!2,$#&-0!?*,!-(+%(+#[*!7?+&-,!
'(!2,-!32^*'?2,-!'(!E,%B&2#*0!Z!(-5(+#,27(*B(!(2!5,-&!'(2!
52,-7,! '(2! 52(<&! a,3#*,2! 5,%,! 2?$%#+,%! 2,! a,3#*,0! 5,%,!
5%&7&a(%! %(2,+#&*(-! -(<?,2(-! Z! *(?B%,2#@,%! (2! 5l! '(! 2,!
a,3#*,!5,%,!,?7(*B,%!2,!7&a#2#','!'(!2&-!(-5(%7,B&@&#'(-8!
!``!VP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",!#75&%B,*+#,!_?*+#&*,2!'(2!&%3,-7&!(*!2,-!7?Y(%(-!%,'#+,!
(*! (2! >(+>&! '(! ]?(! ,?7(*B,%! 2,! ,+B#a#','! +&*B%^+B#2! '(! 2&-!
3(*#B,2(-!,?7(*B,!(2!5,-&!'(!2&-!(-5(%7,B&@&#'(-!,2!&a&+#B&i!Z0!
5&%!2&!B,*B&0!-(!_&7(*B,!2,!_(%B#2#@,+#[*8
`! ",!%(-&2?+#[*K!G-B,!c2B#7,!_,-(!5?('(!&+?%%#%!'(!7,*(%,!
-#7#2,%!,2!'(!2&-!>&7$%(-0!5&%!#*>#$#+#[*!-#75^B#+,!'(!2,!
+&2?7*,0!+&*!(2!%(B&%*&!,!2&-!*#a(2(-!#*#+#,2(-0!2,!%(2,Y,+#[*!
7?-+?2,%!Z!?*,!'#-7#*?+#[*!'(!2,!a,-&+&*-B%#++#[*8!:#*!
(7$,%3&0! (-! +&7c*! ]?(! (2! &%3,-7&! _(7(*#*&! %(3%(-(!
,! ?*! ,2B&! *#a(2! '(! (<+#B,+#[*0! (*! (2! ]?(! &B%&-! &%3,-7&-!
5?('(*!,*?2,%!-#!2,!(-B#7?2,+#[*!5(%-#-B(0!+&*&+#',!+&7&!
?*,!%(-5?(-B,!7?2B#&%3^-7#+,8
"5285=+H2D2F6F=R+@2F68=>+2G825F9
!95D=R+368;=46EF+2+6F82552>=469F23
G2!3(*#B,2!(<B(%*&!'(!2,-!7?Y(%(-!-(!22,7,!a?2a,8!G-B^!2#7#B,'&!
5&%!'&-!3%,*'(-!(-B%?+B?%,-!]?(!+&*a(%3(*0!2&-!2,$#&-!Z!(2!7&*B(!
'(!;(*?-0!?*!#75&%B,*B(!B(Y#'&!,'#5&-&!_%(*B(!,!2,!-4*e-#-!5c$#+,8!
G2! 7&*B(! '(! ;(*?-! Z! 2,! -?5(%e+#(! (<B(%#&%! '(! 2&-! 2,$#&-!
5%#*+#5,2(-! (-B^*! +?$#(%B&-! '(! a(22&8! 9(*B%&! '(! 2&-! 2,$#&-!
!``!VQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G*B%(!2&-!2,$#&-!7,Z&%(-!Z!7(*&%(-!-(!(*+?(*B%,*!2,-!%,*?%,-!
'(!2&-!2,$#&-8!"&-!2,$#&-!7^-!5(]?(\&-!'(2#7#B,*!2,!@&*,!'&*'(!
-(! ,$%(! 2,! a,3#*,! g#*B%&#B&! a,3#*,2h0! (*! 2,! 5,%B(! 5&-B(%#&%0! Z! 2,!
?%(B%,!g7(,B&!?%(B%,2h!(*!(2!_%(*B(8!
G*!(2!a(-B4$?2&0!2,-!32^*'?2,-!'(!E,%B&2#*!f?Z(*0!]?(!-(!,$%(*!
(*!?*!-?%+&!(*B%(!(2!>#7(*!Z!(2!2,'&!#*B(%*&!'(!2&-!2,$#&-!7(*&%(-8!
G-B,-!-&*!'&-!32^*'?2,-!,2,%3,',-0!'(!M!+7!'(!2,%3&0!?$#+,',-!,!
,7$&-! 2,'&-! '(! 2,! a,3#*,8! A%&'?+(*! ?*! 24]?#'&! 2?$%#+,*B(! ]?(!
Y?(3,!?*!5,5(2!+2,a(!(*!(2!-(<&8!G2![%3,*&!(%/+B#2!'(!2,!7?Y(%!(-!
(2!+24B&%#-0!]?(!+&*-B,!'(!'&-!+?(%5&-!+,a(%*&-&-8
G2!e*,2!'(2!+24B&%#-!-(!22,7,!2,!32^*'?2,!Z0!+&7&!(2!5(*(0!(-B^!
+?$#(%B&! 5&%! ?*,! >&Y,! e$%&-,! g_,-+#,! '(2! +24B&%#-h! '(! 2,! +?,2!
,23?*,-! e$%,-! 22(3,*! ,! 2,! -4*e-#-! '(2! 5?$#-! ]?(! +&*-B#B?Z(*! (2!
-?5?(-B&!2#3,7(*B&!'(2!+24B&%#-8
"&-!$?2$&-!a(-B#$?2,%(-!B,7$#/*!(-B^*!_&%7,'&-!5&%!B(Y#'&-!
(%/+B#2(-0! ?$#+,'&-! (*! ,7$&-! 2,'&-! '(! 2&-! ,3?Y(%&-! a,3#*,2(-! Z!
?%(B%,2(-8!:(!?*(*!,2!,3?Y(%&!?%(B%,2!(*!2,!(-]?#*,!#*B(%7('#,0!
]?(! (-B,$2(+(! +&*B,+B&! a(*&-&! +&*! (2! +24B&%#-8! ",-! 2^75,%,-!
a(-B#$?2,%(-!(-B^*!+?$#(%B,-!5&%!2&-!7c-+?2&-!$?2$&+,a(%*&-&-8
",!?%(B%,0!,?*]?(!*&!(-!?*![%3,*&!3(*#B,20!(-B^!(-B%(+>,7(*B(!
a#*+?2,',!,!(22&-!5&%]?(!+&*'?+(!,2!a(-B4$?2&!a?2a,%8!G-!?*!+,*,2!
'(!,5%&<#7,',7(*B(!V!+7!]?(!-(!(<B#(*'(!'(-'(!(2!5,-&!'(!2,!
!``!VS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
a(Y#3,!>,-B,!2,!a?2a,8!E,Y,!_%(*B(!,!2,!a,3#*,0!5,%,2(2,!,!(22,!Z!f?Z(!
_%(*B(!Z!'(B%^-!'(2!+24B&%#-8!",!a,3#*,!Z!2,!?%(B%,!(-B^*!-(5,%,',-!
5&%!?*,!5,%B#+#[*!e$%&-,!?%(B%&Ta,3#*,28
'385;48;5=+6F825F=
"&-! 2,$#&-! 7,Z&%(-! -&*! 52#(3?(-! '(! 2,! 5#(2! +&*! 7?+>,-!
32^*'?2,-! -($^+(,-8! ",! 5#(2! (-B^! a#*+?2,',! ,! e$%,-! 7?-+?2,%(-!
2#-,-!]?(!_&%7,*!(2!7c-+?2&!'(!2,!7?Y(%8!G2!B(Y#'&!+&*(+B#a&!(-!
7?Z! (2^-B#+&0! +&*! ,$?*',*B(-! +/2?2,-! ,'#5&-,-8! G*! (2! #*B(%#&%0!
2&-!2,$#&-!7^-!5(]?(\&-!B#(*(*!?*!(5#B(2#&!7(*&-!]?(%,B#*#@,'&!
]?(!2,!5#(2!'(!2&-!2,$#&-!7,Z&%(-8
G2!a(-B4$?2&!(-!,+&2+>,'&!'($#'&!,!2,!7(7$%,*,!7?+&-,8!G*!
2,!a,3#*,!Z!2,!?%(B%,0!(*!,7$&-!2,'&-0!-(!(*+?(*B%,*!2,-!32^*'?2,-!
'(! E,%B&2#*! gB?$?2&,+#*&-,-h! Z! 2,-! 32^*'?2,-! 5(%#?%(B%,2(-0!
>&7[2&3,-!,!2,-!32^*'?2,-!'(!2,!5%[-B,B,!7,-+?2#*,8
",! ?%(B%,! +&*-#-B(! (*! (2! +&7#(*@&! '(! ?*,! 7?+&-,! ?%#*,%#,0!
]?(!(-B^!+(%+,!'(2!a(-B4$?2&8!
",!+,5,!7?-+?2,%!+&*-#-B(!(*!e$%,-!2&*3#B?'#*,2(-!+#%+?2,%(-!
#*B(%*,-! Z! (<B(%*,-0! ]?(! (*! (2! &%#e+#&! #*B(%*&! '(! 2,! ?%(B%,! -(!
+&*_?*'(*!+&*!2,-!e$%,-!7?-+?2,%(-!'(!2,!a(Y#3,!]?(!_&%7,*!(2!
(-_4*B(%!2#-&!&!#*B(%#&%8!9?%,*B(!(2!5,-&!'(2!'#,_%,37,!?%&3(*#B,20!
2,-!e$%,-!7?-+?2,%(-!(-B%#,',-!_&%7,*!(2!(-_4*B(%!(<B(%*&8
!;F469F23+?2+>=+K;>K=
",! a?2a,! (-B^! #*a&2?+%,',! (*! 2,! -,2#',! '(2! _(B&! ,2! 7&7(*B&!
'(2!5,%B&8!d,7$#/*!(-!'(!3%,*!#75&%B,*+#,!+&7&!^%(,!(%[3(*,!
5&%! 2&-! 7?+>&-! 5%&5[-#B&-! -(*-#$2(-! ]?(! 5%(-(*B,8! 9?%,*B(! (2!
!``!VT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,+B&!-(<?,20!2,-!32^*'?2,-!'(!E,%B&2#*&!5%&'?+(*!?*,!-(+%(+#[*!
2?$%#+,*B(! ]?(! _,+#2#B,! 2,! 5(*(B%,+#[*8! A&%! &B%&! 2,'&0! 2,! ?%(B%,!
f?Z(! ,! 2,! a?2a,i! 5&%! 2&! ]?(0! (-B^! #*a&2?+%,',! (*! (2! 5%&+(-&! '(!
(2#7#*,+#[*!?%#*,%#,8
!``!XW !``
!"#$%&'() II
M.0#,0M0)*+',)-.]!0,)*+
0F859?;446EF
",! (+&3%,_4,! -(! >,! +&*a(%B#'&! (*! ?*,! 5%?($,! '(! #7,3(*!
(-(*+#,2!(*!a,%#,-!(-5(+#,2#','(-!7/'#+,-!,'(7^-!'(!2,!%,'#&2&34,!
(*!'#_(%(*B(-!(-5(+#,2#','(-!g+,%'#&2&34,0!3#*(+&2&34,0!?%&2&34,0!
,*(-B(-#&2&34,0! %(?7,B&2&34,0! a,-+?2,%0! +#%?34,! '#3(-B#a,0! (B+8h8!
",!?B#2#','!'(2!?2B%,-&*#'&!(*!(2!+,75&!'(!2,!7('#+#*,!#*B(%*,0!
B,*B&!(*!2,!>&-5#B,2#@,+#[*!+&7&!(*!2,!52,*B,!'(!(7(%3(*+#,0!(-!
#*'#-+?B#$2(8!
G2!?2B%,-&*#'&!(*!2,!7('#+#*,!'(!(7(%3(*+#,!(-B^!e%7(7(*B(!
(-B,$2(+#'&! Z! %(+&*&+#'&! (*! (2! 5%&+(-&! '(! '#,3*[-B#+&! '(!
+?,2]?#(%! 5,+#(*B(! Z! (2! >#-B&%#,2! 7/'#+&! (-B^! %(-5,2','&! 5&%!
'&-! 5#2,%(-! $^-#+&-! (-(*+#,2(-K! ,*,7*(-#-! Z! (<,7(*! _4-#+&8! G2!
?2B%,-&*#'&!(-!?*!#*-B%?7(*B&!5,%,!7(Y&%,%!(2!%(*'#7#(*B&!'(!
(<52&%,+#[*0!Z,!]?(!5(%7#B(!&$-(%a,%!Z!7('#%!7c2B#52(-![%3,*&-!
]?(! -&*! '#_4+#2(-! '(! (a,2?,%! +&*! 2&-! 7/B&'&-! B%,'#+#&*,2(-!
g#*-5(++#[*0! 5,25,+#[*0! ,?-+?2B,+#[*h8! A(%&! B,7$#/*! 5(%7#B(!
?*! '#,3*[-B#+&! (_(+B#a&! (*! +#(%B,-! (*_(%7(','(-! g(*_(%7(','!
+,%'4,+,0!5,B&2&34,!$#2#,%!Z!%(*,20!B%&7$&-#-!a(*&-,!5%&_?*',h0!
_,+#2#B,!(2!%(*'#7#(*B&!'(!+#(%B&-!5%&+('#7#(*B&-!#*a,-#a&-!gB?$&-!
'(!+,%%(B(%,!+(*B%,20!B&%,+&+(*B(-#-0!5,%,+(*B(-#-0!(B+8h!Z!-(!?-,!
5,%,!+&*B%&2,%!Z!-(3?#%!(2!B%,B,7#(*B&!'(!+#(%B,-!(*_(%7(','(-!
g7('#',! '(2! 4*'#+(! )k;k! 5,%,! 2,! (a,2?,+#[*! #*'#%(+B,! '(! 2,!
!``!XV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
5%(-#[*!a(*&-,!+(*B%,2!Z!(2!a&2?7(*!#*B%,a,-+?2,%h8!
G*!c2B#7,!#*-B,*+#,0!(2!?2B%,-&*#'&!5?('(!,Z?',%*&-!,!%(,2#@,%!
'#,3*[-B#+&-!+(%B(%&-!Z!%(,2#@,%!?*,!$?(*,!5%^+B#+,!5%&_(-#&*,28!
G*!2&-!c2B#7&-!,\&-!-(!>,*!'(-,%%&22,'&!(]?#5&-!'(!,2B,!+,2#','0!
%(2,B#a,7(*B(! ,++(-#$2(-! '(-'(! ?*! 5?*B&! '(! a#-B,! (+&*[7#+&0!
#*+2?#',-! 7?+>,-! +&75?B,'&%,-! 5&%B^B#2(-0! ]?(! 5(%7#B(*!
(<52&%,+#&*(-!(*!2,!+,$(@,!'(2!5,+#(*B(8!
D&! 5,%(+(! #%%,+#&*,2! 5(*-,%! ]?(0! (*! (2! _?B?%&0! (2! (]?#5&!
(+[3%,_&!5?(',!-(%!(2!+&752(7(*B&!'(!2&-!+(2?2,%(-8
(25D6F9>9@^=+2F+249@5=H^=
*9F6?93
G-!?*,!&*',!7(+^*#+,!]?(!-(!5%&5,3,!,!B%,a/-!'(!?*!7,B(%#,20!
!``!XX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
Z!]?(!5?('(!%(5%(-(*B,%-(!3%,e+,*'&!2,-!a,%#,+#&*(-!'(!5%(-#[*!
]?(!5%&'?+(!(2!7('#&!(*!(2!]?(!-(!'(-52,@,8!k'(7^-0!(2!-&*#'&!
-(!'(-52,@,!'(!7,*(%,!2&*3#B?'#*,20!(-!'(+#%0!(*!_&%7,!5,%,2(2,!
,!2,!a#$%,+#[*!'(!2,-!5,%B4+?2,-8
19F@68;?+?2+9F?=
)?,*B&! 7,Z&%! (-! 2,! _%(+?(*+#,0! 7(*&%! (-! 2,! 2&*3#B?'i! '#+>,!
2&*3#B?'! (*! (2! ?2B%,-&*#'&! (-! #*a(%-,7(*B(! 5%&5&%+#&*,2! ,! -?!
_%(+?(*+#,8
19F@68;?+?2+9F?=+?2+39F6?9
:(!'(e*(!+&7&!2,!'#-B,*+#,!'(!?*!+#+2&!+&752(B&0!(*!(2!]?(!2,!
5%&a#-#[*!+&752(B,!'(!?*,!&*',!'(!-&*#'&!#*+2?Z(!?*,!_,-(!'(!
7,Z&%!5%(-#[*!(*!%(2,+#[*!+&*!(2!(*B&%*&0!5&%!(2!+?,2!-(!B%,*-7#B(!
Z! 5&%! &B%,! 5%(-#[*! 7^-! $,Y,! ]?(! e*,27(*B(! a,! a&2a#(*'&! ,! -?!
5?*B&!'(!5,%B#',8
",! '#-B,*+#,! &+?5,',! 5&%! (2! '(-,%%&22&! '(! B&',! 2,! &*',! -(!
+&*&+(!+&7&!2,!2&*3#B?'!'(!&*',0!(-!7('#',!(*B%(!'&-!5#+&-!Z!-(!
(<5%(-,!(*!7#247(B%&-8
">85=39F6?93
"&-!?2B%,-&*#'&-!-&*!&*',-!'(!-&*#'&!'(!,2B,!_%(+?(*+#,!g7^-!
'(!QN0NNN!+#+2&-!5&%!-(3?*'&!&!QN!Fl@h8!G-B,-!&*',-0!#*,?'#$2(-!
5,%,!2&-!>?7,*&-0!-(!?-,*!5,%,!(<52&%,%!(2!B(Y#'&!+&%5&%,28!
"&-!5?2-&-!'(!?2B%,-&*#'&!5%&'?+#'&!5&%!2&-!(-+^*(%(-!B#(*(*!
?*,!_%(+?(*+#,!(*B%(!Q!Z!MN!.l@!gM!.l@!(-!(]?#a,2(*B(!,!M0NNN0NNN!
+#+2&-!5&%!-(3?*'&h8!",!'?%,+#[*!'(2!5?2-&!(-!,5%&<#7,',7(*B(!
?*!7#+%&-(3?*'&!g7#22&*(-!'(!-(3?*'&-h!Z!2&-!5?2-&-!-(!%(5#B(*!
>,-B,!MNNN!a(+(-!5&%!-(3?*'&8!
!``!XJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
"&-!(-+^*(%(-!'(!?2B%,-&*#'&!B#(*(*!%(3?2,'&%(-!]?(!5(%7#B(*!
7&'#e+,%! 2,! -(*-#$#2#','! 32&$,2! g?7$%,2h8! )&*! +?,2]?#(%! B#5&!
'(! (-+^*(%0! -(! '($(! &$B(*(%! ?*,! #7,3(*! (]?#2#$%,',0! (-! '(+#%0!
?*,!#7,3(*!]?(!+&*B#(*(!(+&-!'(!5&B(*+#,!-#7#2,%!'(!B&',-!2,-!
5%&_?*'#','(-!'(!B(Y#'&8!)?,*'&!2&-!(+&-!%(3%(-,*!,2!B%,*-'?+B&%0!
(-!5&-#$2(!%(+&*-B%?#%!?*!7,5,!'(!'&-!'#7(*-#&*(-!'(!B&'&-!2&-!
B(Y#'&-!'(5&-#B,'&-8
!``!XN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
+24*#+&8
!949+K=56=Z>2
%82F;=46EF
"&-!B(Y#'&-!'(2!+?(%5&!,$-&%$(*!Z!'#-5(%-,*!2&-!?2B%,-&*#'&-!
'(!7?+>,-!7,*(%,-!&!2,-!_%(+?(*+#,-!7^-!,2B,-!-(!,$-&%$(*!Z!-(!
'#-5(%-,*!7^-!_^+#27(*B(8!A&%!2&!B,*B&0!5,%,!22(3,%!,!2&-!B(Y#'&-!
7^-!5%&_?*'&-0!-(!'($(!?-,%!(2!c2B#7&0!5&%]?(!2,-!&*',-!B#(*(*!
7(*&-! 5%&$,$#2#','(-! '(! #%-(! +%?@,*'&! +&*! 2,-! (-B%?+B?%,-!
#*B(%7('#,-8! G-! '(+#%0! 5,%,! ,2+,*@,%! 2&-! B(Y#'&-! ?! [%3,*&-! 7^-!
5%&_?*'&-0!-(!'($(!(752(,%!(*!_%(+?(*+#,-!7^-!$,Y,-8
%Z39546EF
%D7>6`4=46EF
!``!XO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
0F825H=423
)?,*'&! 2,-! &*',-! ?2B%,-[*#+,-! 5(*(B%,*! (*! 2&-! >?(-&-! &! (2!
3,-! -(! %(f(Y,! Z! -(! %(_%,+B,! (*! 3%,*! 7('#',0! 3(*(%,27(*B(! (-!
#75&-#$2(!?-,%!(2!?2B%,-&*#'&!-#!(2!#*B(-B#*&!+&*B#(*(!'(7,-#,'&!
3,-i!5&%!2&!B,*B&0!>,Z!]?(!(<,7#*,%!2&!7^-!5%&*B&!5&-#$2(8
G2!(-]?(2(B&!%(f(Y,!(2!?2B%,-&*#'&!B,*!#*B(*-,7(*B(!]?(!*&!(-!
5&-#$2(!a(%!2,!(-B%?+B?%,!#*B(%*,!'(!?*!>?(-&!&!B(Y#'&!_?(%B(7(*B(!
+,2+#e+,'&0!'(-5?/-!'(!2&!+?,2!>,Z!?*,!-&7$%,!,+c-B#+,8!9($#'&!
,!(-B&-!(_(+B&-!]?(!&+?%%(*!'?%,*B(!(2!5,-,Y(!'(!?*!7('#&!,!&B%&!
-(!'($(!?-,%!?*!3(2!?2B%,-[*#+&!(*!(<52&%,+#&*(-!5,%,!(a#B,%!]?(!
(2!,#%(!-(!(2#7#*(!(*B%(!2,!5#(2!Z!(2!B%,*-'?+B&%8
.239>;46EF
G-B,!(-!2,!+,5,+#','!'(!'#-+%#7#*,+#[*!'(!?*!5?*B&!'(!&B%&8!",!
!``!XP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
%(-&2?+#[*!'(5(*'(!'(!'&-!+,%,+B(%4-B#+,-!'(!2,!,3?'(@,!a#-?,2K!
(2!'(B,22(!Z!(2!+&*B%,-B(8
`! H(-&2?+#[*!2#*(,2K!'(B(%7#*,!2,!7('#',!(*!]?(!-(!a(*!2&-!
'&-! +?(%5&-! %(f(Y,'&-! Z! '($(*! -(%! '#-+%#7#*,'&-! +&7&!
5?*B&-!-(5,%,'&-8
`! H(-&2?+#[*! '(! +&*B%,-B(K! '(B(%7#*,! 2,! '#_(%(*+#,! (*! 2,!
,752#B?'!]?(!'($(*!B(*(%!'&-!(+&-!,*B(-!'(!]?(!-(!a(,*!
,_(+B,'&-!(*!'#_(%(*B(-!*#a(2(-!'(!3%#-8
*^F82363+?2+>=+825D6F9>9@^=+2D7>2=?=
(25D6F9>9@^=+2F+;>85=39F6?93
,=5=4825^3864= *6@F6`4=?9
G-!?*,!&*',!7(+^*#+,!]?(!-(!5%&5,3,!,!
B%,a/-!'(!?*!(*B&%*&!7,B(%#,2!Z!5?('(!
%(5%(-(*B,%! 3%^e+,7(*B(! 2,-!
*9F6?9
a,%#,+#&*(-! '(! 2,! 5%(-#[*! ]?(! -(!
5%&'?+(! (*! (2! (*B&%*&! (*! (2! ]?(! -(!
7?(a(8
",! 2&*3#B?'! (*! (2! ?2B%,-&*#'&! (-!
#*a(%-,7(*B(! 5%&5&%+#&*,2! ,! -?!
19F@68;?+?2+9F?=
_%(+?(*+#,8
!``!XQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
"&-!?2B%,-&*#'&-!-&*!&*',-!'(!-&*#'&!
'(! ,2B,! _%(+?(*+#,! g7^-! '(! QN0NNN!
+#+2&-! 5&%! -(3?*'&! &! QN! Fl@h8! G-B,-!
">85=39F6?93
&*',-0!#*,?'#$2(-!5,%,!2&-!>?7,*&-0!
-(! ?-,*! 5,%,! (<52&%,%! (2! B(Y#'&!
+&%5&%,28
:&*!&*',-!?2B%,-[*#+,-!5&%!7('#&!'(!
2(*B(-!Z!(-5(Y&-!&!(2(+B%[*#+,7(*B(0!
'FH9_;2
-(! 5?('(*! (*_&+,%! ?B#2#@,*'&!
B%,*-'?+B&%(-!+&75?(-B&-8
"&-!B%,*-'?+B&%(-!+&75?(-B&-!+&7&!
+&*a(<&0!2#*(,2!Z!2&-!'(2!-(+B&%!*?22#BZ!
!949+K=56=Z>2 B#(*(*! ?*,! '#-B,*+#,! _&+,2! a,%#,$2(!
]?(! 5?('(! ,Y?-B,%-(! '(! 7,*(%,!
(2(+B%[*#+,8
A,%,!5(*(B%,%!(*!2&-!B(Y#'&-!?![%3,*&-!
%82F;=46EF 7^-! 5%&_?*'&-0! -(! '($(! (752(,%!
_%(+?(*+#,-!7^-!$,Y,-8
M56F467693+H^36493
!``!XS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!-&*#'&!(-!?*,!_&%7,!'(!(*(%34,!7(+^*#+,!]?(!-(!(<B#(*'(!
,! B%,a/-! '(! 2,! 7,B(%#,! (*! _&%7,! '(! &*',-8! G-B,-! &*',-! B#(*(*!
+,%,+B(%4-B#+,-!$^-#+,-K!
`! )#+2&K! (-B(! (-! (2! _%,37(*B&! '(! &*',! (*B%(! '&-! 5?*B&-!
#3?,2(-!'(!-?!'#-5&-#+#[*8
`! "&*3#B?'!'(!&*',!g"hK!'(e*#',!+&7&!2,!'#-B,*+#,!'&*'(!2,!
&*',!>,+(!?*!+#+2&!+&752(B&8!
`! b%(+?(*+#,!g_hK!(-B(!(-!(2!*c7(%&!'(!+#+2&-!5&%!?*#','!'(!
B#(75&!g-(3?*'&h8!:(!(<5%(-,!,!l(%B@#&-!gl@h!&!-?!7c2B#52&!
pM!l@!q!M!+#+2&!5&%!-(3?*'&i!M!F#2&>(%@#&!gFl@h!MNNNrl@i!M!
7(3,>(%@#&!g.l@h!q!M0NNN0NNN!l@s8!
`! k752#B?'!g,hK!(-!2,!,2B?%,!7^<#7,!2,!]?(!>,!,2+,*@,'&!?*,!
&*',8!G-B^!a#*+?2,'&!,!2,!#*B(*-#','!'(2!-&*#'&!Z!-(!7#'(!
(*!'(+#$(2#&-!g'$h8!
",!2&*3#B?'!'(!&*',!g2h!Z!2,!_%(+?(*+#,!g_h!(-B^*!a#*+?2,',-!,!
2,!a(2&+#','!gah!'(2!-&*#'&!7('#,*B(!2,!-#3?#(*B(!_[%7?2,K!2!q!ta!L!
_8!A&%!2&!B,*B&0!5,%,!2,!7#-7,!a(2&+#','!'(!-&*#'&0!2,!2&*3#B?'!'(!
&*',!(-!#*a(%-,7(*B(!5%&5&%+#&*,2!,!2,!_%(+?(*+#,8
M=5864;>=56?=?23+?2+>93+;>85=39F6?93
",!a(2&+#','!'(!5%&5,3,+#[*!'(2!-&*#'&!(*!?*!(*B&%*&!a,%4,!
-(3c*! 2,! 5%&<#7#','! -?5(%#&%! &! #*_(%#&%! (*B%(! -?-! 7&2/+?2,-i!
(-! '(+#%0! 2,! '(*-#','8! ",! %(-#-B(*+#,! &_%(+#',! 5&%! ?*! 5,-&! '(!
!``!XT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
?2B%,-&*#'&!-(!'(e*(!+&7&!#75(',*+#,!Z!-(!+,2+?2,!7?2B#52#+,*'&!
2,!a(2&+#','!'(2!-&*#'&!(*!(-B(!(*B&%*&!5&%!-?!'(*-#','8!
G2!247#B(!&!@&*,!'(!+&*B,+B&!(*B%(!'&-!7('#&-!]?(!B%,*-7#B(*!
(2!-&*#'&!,!?*,!a(2&+#','!'#_(%(*B(!-(!22,7,!#*B(%_,@8!l,Z!?*,!
3%,*!'#_(%(*+#,!(*!2,!'(*-#','!Z!2,!a(2&+#','!'(!5%&5,3,+#[*!'(2!
-&*#'&!(*B%(!(2!,#%(!&!(2!>?(-&!Z!(2!%(-B&!'(!2&-!B(Y#'&-!'(2!+?(%5&8!
M597=@=46EF+?2>+39F6?9+2F+?6386F893+82a6?93R+E5@=F93+C+
2>2D2F893
'>2D2F893
u%3,*&-
(2a6?93
!``!JW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!?2B%,-&*#'&!-(!$,-,!(*!(2!(-B?'#&!'(!&*',-!%(f(Y,',-!vG)Iw8!
"&-!#75?2-&-!'(!?2B%,-&*#'&!'#%#3#'&-!'(*B%&!'(2!+?(%5&!>?7,*&!
,!B%,a/-!'(!'#_(%(*B(-!(*B&%*&-!+&*!'#_(%(*B(-!#75(',*+#,-!g5#(20!
3%,-,0!>43,'&0!a,-&-!-,*3?4*(&-0!(B+8h!Z!(*!+,',!+,7$#&!5%&7('#&!
-(! +%(,! ?*,! #*B(%_,@! (*! 2,! ]?(! -(! %(+?5(%,! 2,! (+&3%,_4,8! G-B&-!
(+&-! *&! B#(*(*! 2,-! 7#-7,-! +,%,+B(%4-B#+,-! ]?(! 2,! &*',! &%#3#*,2!
5&%]?(0!+?,*'&!-(!%(f(Y,*0!+,7$#,*!(2!,*+>&0!2,!_%(+?(*+#,!Z!2,!
a(2&+#','8!
",! -?5(%e+#(! %(f(+B,*B(! (-! (2! 52,*&! '(! -(5,%,+#[*! '(! '&-!
7('#&-!_4-#+&-!+&*!?*,!#75(',*+#,!,+c-B#+,!'#_(%(*B(0!]?(!(-B^!
'(B(%7#*,',!5&%!2,!'(*-#','!'(2!(*B&%*&8!G-B&!-(!+&*&+(!+&7&!
?*,!#*B(%_,@!-?5(%e+#,2!&!%(f(<#a,8!)?,*'&!(2!-&*#'&!+%?@,!?*!
(*B&%*&!_4-#+&!Z!+>&+,!+&*!?*,!#*B(%_,@!%(f(+B,*B(0!?*,!5,%B(!'(2!
-&*#'&!2&!+%?@,%^!Z!-(!%(f(Y,%^!&B%,0!2&!]?(!+&*-B#B?#%^!(2!(+&!'(!
(-B,!#*B(%_,@!%(f(+B,*B(8!
A&%! (-B,! %,@[*0! (-! *(+(-,%#&! ,52#+,%! ?*! 7('#&! ,+?&-&! (*B%(!
2,!-&*',!Z!2,!5#(2!5,%,!(a#B,%!]?(!2,!#*B(%_,@!-(,!+,?-,',!5&%!(2!
,#%(8!",!,752#B?'!'(!2&-!(+&-!'(!2,!#*B(%_,@!%(f(Y,',!-(!a(%^!(*!
(2!7&*#B&%!'(!?2B%,-&*#'&!Z!(*!2,-!'#_(%(*B(-!#*B(*-#','(-!'(!2,!
(-+,2,!'(!3%#-(-!(*!2,!#7,3(*8!
!``!JV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",!&*',!'(!?2B%,-&*#'&0!,!7('#',!]?(!,a,*@,!,!B%,a/-!'(!2&-!
B(Y#'&-0!5,-,!5&%!?*,!-(%#(!'(!+,7$#&-!_4-#+&-K
!95D=46EF+?2+>=+6D=@2F+249@5b`4=
G2! ?-&! '(! ?2B%,-&*#'&! 7/'#+&! -(! $,-,! (*! (2! '(-+?$%#7#(*B&!
'(2! (_(+B&! 5#(@&(2/+B%#+&! '(! 2&-! >(%7,*&-! )?%#(8! k! B%,a/-! '(!
!``!JX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(-B(!_(*[7(*&0!(*a#,*'&!?*!+%#-B,2!,!?*,!+&%%#(*B(!(2/+B%#+,0!2,!
'#_(%(*+#,!'(!5&B(*+#,2!a#$%,!'(*B%&!'(2!a#'%#&!Z!3(*(%,!?*!>,@!
'(!?2B%,-&*#'&8!
"&-!B%,*-'?+B&%(-!+&*B#(*(*!+%#-B,2(-!]?(0!+?,*'&!-(!-&7(B(*!
,! (2(+B%#+#','0! 3(*(%,*! &*',-! ?2B%,-[*#+,-8! "&-! B%,*-'?+B&%(-!
B,7$#/*! 5?('(*! +,5B?%,%! 2,! (+&3%,_4,! %(f(Y,',! 5&%! 2&-! B(Y#'&-!
Z! (*a#,%2&-! ,! ?*,! ?*#','! '(! 5%&+(-,7#(*B&! ]?(! 3(*(%,! ?*,!
#7,3(*!Z!-(!7?(-B%,!(*!?*!7&*#B&%8
",! +,2#','! &! %(-&2?+#[*! '(! 2,! #7,3(*! (*! 2&-! 7&*#B&%(-!
'(5(*'(%^!'(!2,!+,5,+#','!'(!'#-B#*3?#%!2,!7&%_&2&34,!'(2!B(Y#'&!
*&%7,2! &! ,2B(%,'&! g%(-&2?+#[*! '(! +&*B%,-B(h! Z! 2,! +,5,+#','! '(!
'#_(%(*+#,%!&$Y(B&-!+(%%,'&-!g%(-&2?+#[*!,<#,2!Z!2,B(%,2hK
`! ",! %(-&2?+#[*! ,<#,2! 2(! 5(%7#B(! '#-B#*3?#%! '&-! &$Y(B&-!
+?,*'&! -(! (*+?(*B%,*! Z! '(5(*'(%! '(! 2,! _%(+?(*+#,! '(2!
B%,*-'?+B&%!g7,Z&%!_%(+?(*+#,0!7,Z&%!%(-&2?+#[*!,<#,2!Z!
a#+(a(%-,h8
`! ",!%(-&2?+#[*!2,B(%,2!5(%7#B(!]?(!-(!'#-B#*3,*!'&-!&$Y(B&-!
'#_(%(*B(-!+?,*'&!-(!(*+?(*B%,*8!G-B(!B#5&!'(!%(-&2?+#[*!
'(5(*'(!'(2!'#-(\&!'(2!B%,*-'?+B&%!Z!5?('(!7&'#e+,%-(!
,Y?-B,*'&!(2!,*+>&!'(!5&2a&!,!2,!@&*,!_&+,28
(-,+c(6D2+-=6F+,9D72F3=869Fd
!``!JJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G-!'(+#%0!,3%(3,!?*,!3,*,*+#,!,%B#e+#,2!,!+,',!(+&0!5%&5&%+#&*,2!
,2!B#(75&!*(+(-,%#&!5,%,!,2+,*@,%!2,!-&*',8!G-B&!-(!22,7,!d1)!
g+&75(*-,+#[*!'(!,>&%%&!'(!B#(75&h8
)&7&! B&'&-! 2&-! [%3,*&-! *&! #*+2?Z(*! (2! -&*#'&! (*! 2,! 7#-7,!
5%&5&%+#[*0!2&-!'#-5&-#B#a&-!'(!?2B%,-&*#'&!B#(*(*!2,!+,5,+#','!
'(!7&'#e+,%!(-B&-!$(*(e+#&-!'(!,+?(%'&!+&*!2,!5%&_?*'#','!(*!
2,!]?(!-(!(*+?(*B%,!+,',![%3,*&8!G2!,Y?-B(!+&%%(+B&!'(!2,!+?%a,!
'(!3,*,*+#,!(-!?*&!'(!2&-!>(+>&-!_?*',7(*B,2(-!5,%,!?*!$?(*!
?2B%,-&*#'&8!
'49@2F646?=?+?2+>93+82a6?93
%582H=4893
!``!JN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
*9DZ5=+=4Y3864=
.2H;25[9+793825695
.2K25Z25=46EF
,9>=+49D28=
0D=@2F+2372a9
!``!JO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
A,%B(!'(2!?2B%,-&*#'&!-(!%(f(Y,!>,+#,!,'(2,*B(!Z!'(B%^-!'(!2,!
5%&'?++#[*!'(!#7^3(*(-!%(f(Y,',-8
%F6398597^=
D&!(-!?*!,%B(_,+B&!+&7&!B,28!:(!'($(!,!2,!5%&5#(','!]?(!+#(%B&-!
B(Y#'&-!'($(*!a,%#,%!-?!(+&3(*#+#','!'(!,+?(%'&!+&*!(2!^*3?2&!'(!
#*+#'(*+#,!'(!?2B%,-&*#'&8!G2!(Y(752&!'(!(-B,!-#B?,+#[*!(-!(2!B(*'[*8
'4E@5=H9+C+49D79F2F823
o,! -(! >,! '(B,22,'&! ]?(! 2&-! +&75&*(*B(-! $^-#+&-! '(! ?*!
?2B%,-&*#'&!-&*!(2!B%,*-'?+B&%!&!2,!-&*',!]?(!B%,*-7#B(!Z!+,5B?%,!
(2! ?2B%,-&*#'&0! ?*,! +&75?B,'&%,! ]?(! ,27,+(*,! Z! 5%&+(-,!
,'(7^-!'(!?*!7&*#B&%!(*!(2!]?(!-(!%(5%(-(*B,!2,!#7,3(*8
,9D=F?93
)?,*'&!-(!%(,2#@,!5&%!5%#7(%,!a(@!?*!?2B%,-&*#'&0!-(!5?('(!
+&*-#'(%,%!]?(!(-B(!(-!?*!(]?#5&!+&752(Y&!+&*!?*,!a,%#(','!'(!
+&*B%&2(-8!:#*!(7$,%3&0!-&2&!?*&-!5&+&-!-&*!(-(*+#,2(-K
`! 1,#*!gv3,*,*+#,whK!.&'#e+,!2,!3,*,*+#,!32&$,2!(]?#a,2(*B(!
,2!$%#22&!'(!2,-!5,*B,22,-!'(!B(2(a#-#[*0!,?*]?(!%(,27(*B(!
7&'#e+,!2,!#*B(*-#','!'(!2,-!&*',-!?2B%,-[*#+,-!%(+#$#',-8!
",!7&'#e+,+#[*!'(!2,!3,*,*+#,!-(!5?('(!>,+(%!(*!3(*(%,2!
&!-(+B&%#,2!gd1)h8
`! 9(5B>! gv5%&_?*'#','whK! .&'#e+,! 2,! 5(*(B%,+#[*! g(*!
).h! ]?(! a(7&-! (*! 2,! 5,*B,22,8! G2! 3%,'&! '(! 5%&_?*'#','!
3(*(%,27(*B(! -(! %(f(Y,! (*! ?*,! (-+,2,! ]?(! (<#-B(! (*! ?*!
7,%3(*!'(!2,!5,*B,22,!'(2!?2B%,-&*#'&8
`! ! b%((@(! gv5,?-,whK! )&*3(2,! 2,! #7,3(*! (*! 2,! 5,*B,22,! Z! (-!
7?Z!cB#2!5,%,!2,-!7('#',-8!G*!+,-#!B&'&-!2&-!'#-5&-#B#a&-!
5&'(7&-!a&2a(%!,!&$-(%a,%!2,!#7,3(*!+&*3(2,',8
`! :,a(! gv3?,%',%whK! k27,+(*,! #7^3(*(-! &! a4'(&-!
!``!JP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
*9F?=3+9+85=F3?;489523
",!-&*',!&!(2!B%,*-'?+B&%!(-!2,!5,%B(!(-(*+#,2!'(2!?2B%,-&*#'&8!
9(*B%&!(-B^*!2&-!+%#-B,2(-!5#(@&(2/+B%#+&-0!'&*'(!-(!5%&'?+(!2,!
B%,*-_&%7,+#[*!'(!2,!(2(+B%#+#','!(*!2,!7(+^*#+,8!G2!B%,*-'?+B&%!
B,7$#/*!(-!(2!%(+(5B&%!'(!2,-!&*',-!'(!?2B%,-&*#'&!Z!2&-!+&*a#(%B(!
(*!(*(%34,!(2/+B%#+,!5,%,!3(*(%,%!#7^3(*(-8
l,Z! ?*,! 3%,*! a,%#(','! '(! -&*',-! (*! B/%7#*&-! '(! _&%7,0!
B,7,\&! Z! _%(+?(*+#,8! 9($(! %(+&%',%-(! ]?(! 2,-! -&*',-! 7^-!
+&7?*(-! 5%&5&%+#&*,*! ?*,! '(e*#+#[*! 7,Z&%0! 5(%&! 7(*&-!
5%&_?*'#','!Z!-&2&!5(%7#B(*!a(%!2,-!(-B%?+B?%,-!'(!2,!-?5(%e+#(8!
G*! +&*B%,-B(0! 2,-! -&*',-! '(! $,Y,! _%(+?(*+#,! B#(*(*! 7(*&-!
'(e*#+#[*0!5(%&!_,+#2#B,*!(2!(-B?'#&!'(!B(Y#'&-!7^-!5%&_?*'&-8
G*!(2!+,75&!'(!(7(%3(*+#,!Z!2,!7('#+#*,!#*B(%*,0!2,!-&*',!
7^-!?B#2#@,',!(-K
`! :&*',! 2#*(,2! '(! ,2B,! _%(+?(*+#,! gW3MN! .l@hK! :(! ?-,! 5,%,!
a(%! Z! 2&+,2#@,%! (-B%?+B?%,-! '(! -?5(%e+#(8! :(! ?-,0! 5&%!
(Y(752&0! 5,%,! +,*,2#@,%! a,-&-! Z! ,%B(%#,-! '(! -?5(%e+#(0!
5,%,! (<,7#*,%! 2,! B%&7$&-#-! a(*&-,! 5%&_?*',! '(! 2,-!
(<B%(7#','(-! &! 5,%,! (-B?'#,%! (-B%?+B?%,-! 7?-+?2,%(-!
(-]?(2/B#+,-8!
!``!JQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
j*&!'(!2&-!5%#*+#5#&-!$^-#+&-!(-!]?(!B&',-!2,-!-&*',-!B#(*(*!
?*!7,%+,'&%!(*!?*!(<B%(7&!Z!(-B^!a#*+?2,',!,!?*,!-(\,2!'(!2,!
5,*B,22,8! G-B(! 7,%+,'&%! -#%a(! 5,%,! -#B?,%*&-! (-5,+#,27(*B(! Z!
B(*(%!%(_(%(*+#,-!,*,B[7#+,-!,5%&5#,',-8!9(!,>&%,!(*!,'(2,*B(0!
+?,*'&! *&-! %(_(%#7&-! ,! 2,! 5?*B?,+#[*! '(! 2,! 5,*B,22,0! -#(75%(!
(-B,%^!(*!(2!(<B%(7&!-?5(%#&%!#@]?#(%'&8
M>=F93+249@5b`493
9,'&!,2!B%,*-'?+B&%!Z!2,!5,*B,22,!'(!2,!+&75?B,'&%,0!(-!7^-!
_^+#2! +&75%(*'(%! 2,-! #7^3(*(-! &$B(*#',-! '?%,*B(! 2,! (Y(+?+#[*!
'(!2,-!'#a(%-,-!&*',-!'(!?2B%,-&*#'&8!
"&-!52,*&-!7^-!#75&%B,*B(-!-&*!2&-!-#3?#(*B(-K
!``!JS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
&9?93+2F+249@5=H^=
k!5,%B#%!'(2!(_(+B&!5#(@&(2/+B%#+&!,*B(%#&%7(*B(!'(e*#'&0!2&-!
(+&-!%(f(Y,'&-!(*!2,-!'#a(%-,-!#*B(%_,-(-!%(f(+B,*B(-0!+>&+,*!+&*!
2&-!+%#-B,2(-!'(!2,!-&*',!'&*'(!3(*(%,*!?*,!+&%%#(*B(!(2/+B%#+,!
]?(!-(!,*,2#@,!5&%!2,!?*#','!'(!5%&+(-,7#(*B&!Z!-(!(<5%(-,!(*!
(2!7&*#B&%!(*!'#_(%(*B(-!_&%7,-!&!7&'&-K!+&7&!(2!a(+B&%!g7&'&!
kh0!+&7&!5?*B&!7[a#2!g7&'&!.h!&!+&7&!?*!+#(%B&!*#a(2!'(!3%#-!
g7&'&!+&*!(-+,2,!'(!3%#-(-h8
`! .&'&!EK!:(!&$B#(*(!?*,!#7,3(*!'(!'&-!B#(75&-!'(!B#(75&!
%(,28! G-! 2,! _&%7,! 7^-! +&7c*8! G2! ?2B%,-&*#'&! 3#%,! 2,-!
'#_(%(*B(-! ,752#B?'(-! '(! 2,-! &*',-! ,B%,5,',-! (*! 54<(2(-!
>,-B,!QWO!-&7$%,-!&!(-+,2,!'(!3%#-(-!g2,!&2,!7^-!,2B,0!2,!2?@!
7^-!3%,*'(!(*!2,!(-+,2,!'(!3%#-(-h8!
`! ! .&'&! .K! H(5%(-(*B,! (2! 7&a#7#(*B&! '(! 2,! #*B(%_,@!
%(f(+B,*B(8!j*,!'(!2,-!a#3,-!'(!?2B%,-&*#'&!-(!-(2(++#&*,!
(*! 7&'&! E! Z! 7?(-B%,! 2&! ]?(! 2(! -?+('(! ,! 7,*(%,! '(!
+%&*&2&34,8!
!``!JT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
*&! 2&! -&*8! ",! _&%7,! '(! %(3#-B%,%! (-B&-! 7&a#7#(*B&-! -(!
5?('(!>,+(%!'(!'&-!7,*(%,-K
`! )&2&%!9&552(%!g)bhK!+,',!f?Y&!]?(!-(!,2(Y,!'(2!B%,*-'?+B&%!
-(!&B&%3,!(*!,@?2!Z!-(!,+(%+,0!(2!+&2&%!%&Y&!(*!+,7$#&!(-!
?*,! %(32,! 7*(7[*#+,! '(! E,%B8! G-! #75&%B,*B(! B(*(%! (*!
+?(*B,!]?(!(2!9&552(%!'(!+&2&%!*&!-(!?-,!5,%,!'#_(%(*+#,%!
2,-!,%B(%#,-!'(!2,-!a(*,-8!:&2&!-(!*(+(-#B,!(2#7#*,%!(2!f?Y&!
&!,+(%+,%-(!,!2,!-&*',8
`! 9&552(%!5?2-,'&K!:(!3(*(%,!?*!3%^e+&!'(!_&%7,!'(!&*',0!
]?(!-(%^!5&-#B#a&!&!*(3,B#a&0!'(5(*'#(*'&!'(!2&-!(*_&]?(-!
'(!f?Y&8!",!+,*B#','!&!%,*3&!'(2!f?Y&!,*,2#@,'&!#*f?#%^!(*!
-?!B,7,\&8
"86>6[=46EF+C+D=F82F6D62F89+?2>+2_;679+?2+249@5=H^=
,9F36?25=469F23+@2F25=>23
`! ! G2!(-5,+#&!'(!(-B?'#&!*&!*(+(-#B,!5%&B(++#[*!'(!%,'#,+#[*i!
-#*! (7$,%3&0! (-! #75&%B,*B(! ]?(! (2! -#B#&! (-B^! 5%&B(3#'&!
+&*B%,!2,!>?7(','!Z!(2!5&2a&8
`! 9($(!>,$(%!?*!,#%(!,+&*'#+#&*,'&!(*!(2!(-5,+#&!5,%,!(2!
?-&!Z!5%&B(++#[*!'(2!(]?#5&!'(!?2B%,-&*#'&!gB(75(%,B?%,!
(*B%(!QQ!Z!QU!x!)h!&!3(*(%,*'&!2,-!+&*'#+#&*(-!#'(,2(-8
`! ",!>,$#B,+#[*!'($(!-(%!2&!-?e+#(*B(7(*B(!,*+>,!5,%,!(2!
'#-5&-#B#a&!'(!?2B%,-&*#'&!Z!B(*(%!?*,!7(-,!'(!(<52&%,+#[*!
3#*(+&2[3#+,0!?*,!-#22,0!?*,!7(-,!5(]?(\,!&!?*,!&e+#*,8
`! 9($(! -(%! 2&! -?e+#(*B(7(*B(! ,*+>&! +&7&! 5,%,! ]?(! ?*,!
2#B(%,!5?(',!(*B%,%8
`! G2!(<,7(*!'($(!%(,2#@,%-(!(*!2,-!5?(%B,-!+(%%,',-8
`! ",!#*B(*-,!2?@!-&2,%!'($(!%('?+#%-(!&!(a#B,%!2,!2?@!-&2,%0!-#!2,!
>,$#B,+#[*!(-!7?Z!$%#22,*B(0!*&!-(%^!_^+#2!a(%!2,-!#7^3(*(-!
(*!2,!5,*B,22,!'(2!a#'(&8
`! k2!e*,2!'(!2&-!(-B?'#&-!-(!'($(!3,%,*B#@,%!]?(!(2!(]?#5&!Z!
2&-!B%,*-'?+B&%(-!(-B/*!2#75#&-!Z!+?$#(%B&-8
`! 6*7('#,B,7(*B(! -(! '($(! %(2,+#&*,%! B&',! _,22,! B/+*#+,! ,!
]?#(*!7,*#5?2(!!(2!(]?#5&8
!``!NW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,9F2G69F23+2>\48564=3+?2>+24E@5=H9
'F852@=+C+5242746EF+?2+6F38=>=46EF
`! ;(%#e+,%!]?(!B&'&-!2&-!'(B,22(-!'(!2,!#*-B,2,+#[*!(-B/*!(*!
5%(-(*+#,!'(!2,!5(%-&*,!%(-5&*-,$2(!'(2!(]?#5&0!(a#B,*'&!
+?,2]?#(%!#*+#'(*B(8
`! k-(3?%,%-(! '(! ]?(! (2! B/+*#+&! ]?(! %(,2#@,! 2,! #*-B,2,+#[*!
+?752,!+&*!B&'&-!2&-!%(]?#-#B&-8
`! ),',! *?(a,! #*-B,2,+#[*! '(2! (]?#5&! '(! ?2B%,-&*#'&! '($(!
%(+#$#%-(!+&*!?*!7,*?,2!'(B,22,'&!'(!#*-B%?++#&*(-8
`! k*B(-!'(!?-,%!2,!+&75?B,'&%,0!-(!'($(!2((%!Z!(-B?'#,%!2,-!
#*-B%?++#&*(-!(*!(2!7,*?,2!5,%,!%(,2#@,%!?*!$?(*!?-&8
`! d&'&-!2&-!'(B,22(-!'(2!(]?#5&!'($(*!a(%#e+,%-(!(*!5(%-&*,8
`! ;(%#e+,%! 2,! 5%&3%,7,+#[*! $#&7/B%#+,! &! 2,-! B,$2,-! '(!
7('#+#[*!,?B&7^B#+,0!'(5(*'#(*'&!'(2!5%&B&+&2&8
M524=;469F23+?2+32@;56?=?
`! D&!?-,%!3,-!#*f,7,$2(!+&7&!,*(-B(-#,!&!>#'%[3(*&!'(!3,-!
#*f,7,$2(! +&7&! (B,*&20! +(%+,! '(2! (]?#5&! 5&%]?(! (<#-B(!
?*!%#(-3&!'(!(<52&-#[*8
`! "&-! +,$2(-! ]?(! -(! ?B#2#@,%^*! '($(*! -(%! 2&-! '(2! 7#-7&!
!``!NV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
'38=F?=56[=46EF+?2>+39ef=52
,9F`@;5=46EF+39ef=52+?2>+2_;679
M=5bD2859 .2H252F46=
:,+&!3(-B,+#&*,2 H(75(*
9EA l,'2&+F
l,'2&+F
)k
"b l,'2&+F
)) l,'2&+F
l,'2&+Fyg6)!PWz{LTSz!'(!2,!(','!
)H"!&!")D
(-B#7,',h
A#( .(%+(%
"l =(,*B%Z
!``!NX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
l,'2&+F!U!g9EA0!))0!)k!Z!"bh!
l,'2&+F!Q!g9EA0)k!Z!"bh!l,'2&+F!M!
A(-&!_(B,2 g)k!Z!"bh!-#!2,-!7('#',-!+(_^2#+,-!*&!
-&*!,52#+,$2(-!5&%!(Y(752&!(*!+,-&!
'(!,*(*+(_,2#,
Ia,%#& ;&2?7(*
9#^7(B%&!B%,*-a(%-&!'(2!+(%($(2& 1&2'-B(#*
6"k .&&%(!dH0!),Z2(!=G
.2@63859+C+2>6D6F=46EF+?2+6FH95D=46EF
G2!-(%a#+#&!'(!?2B%,-&*&3%,_4,!'($(!+&*B,%!+&*K!
`! :&2#+#B?'!'(2!(-B?'#&8
`! l&Y,!'(!%(5&%B(!(+&3%^e+&8
`! H(3#-B%&!'#,%#&!'(!(+&3%,_4,-8
`! D&7$%(!'(2!>&-5#B,2!&!(*B#','!]?(!%(,2#@,!(2!(-B?'#&8!
`! b(+>,!Z!2?3,%!'(2!%(3#-B%&8
`! 9,B&-!+&752(B&-!'(!2,!?-?,%#,8
`! G-B,$2(+#7#(*B&!'(!&%#3(*!'(!2,!%(_(%(*+#,8!
`! 9#,3*[-B#+&!(+&3%^e+&8
`! D&7$%(0!e%7,!Z!-(22&!'(2!7/'#+&!]?(!%(,2#@[!2,!5%?($,8
,56825693+?2+52H252F46=
",!%(_(%(*+#,!'($(!',%-(!,2!-#3?#(*B(!*#a(2!'(!,B(*+#[*!
!``!NJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,$&%B&!!#*+&752(B&8
`! "&*3#B?'!+(%a#+,2!7(*&-!'(!QW!77!gMU!,!QU!-(7,*,-!'(!
3(-B,+#[*h8
`! .,-,-!5/2a#+,-!-&-5(+>&-,-!'(!7,2#3*#','8
`! G2! (]?#5&! *&! B#(*(! ?*,! B(+*&2&34,! &! ?*,! %(-&2?+#[*!
,5%&5#,',!5,%,!+&752(B,%!(2!'#,3*[-B#+&0!+&7&!(*!(2!+,-&!
'(!9&552(%8
`! :#! -(! B#(*(! ?*,! '?',! %(-5(+B&! ,2! '#,3*[-B#+&! -(! '($(!
+&*-#'(%,%!]?(!?*,!-(3?*',!&5#*#[*!(-!*(+(-,%#,8
`! G*! (2! '#,3*[-B#+&! (a#B,%! 5&*(%! (a(*B&-! e-#&2[3#+&-! &!
>#-B&5,B&2[3#+&-! +&7&! 7(*-B%?,+#[*0! ,*&a?2,+#[*0!
B(%,B&7,0!+#+2&0!+^*+(%0!(*B%(!&B%&-8
`! :(! '($(! #*B(*B,%! -(%! (<>,?-B#a&! (*! 2,! '(-+%#5+#[*! Z! 2,!
?$#+,+#[*!'(!2&-!%(-?2B,'&-8
`! D&! -(! %(+&7#(*',! +&2&+,%! (*! (2! #*_&%7(! (+&3%^e+&! 2&-!
B%,B,7#(*B&-0!%(+&7(*',+#&*(-!&!-?3(%(*+#,-8
*2@;56?=?+Z69>E@64=
",!,52#+,+#[*!'(!?2B%,-&*#'&!-(!>,!#*B%&'?+#'&!(*!2,!5%^+B#+,!
&$-B/B%#+,!'(-'(!MPOP!Z!,+B?,27(*B(!(-!?*,!>(%%,7#(*B,!+24*#+,!
+&7c*!]?(!-(!+&*-#'(%,!#*&_(*-#a,!+&*!a,%#,-!#*B(*-#','(-8
D&! -(! >,! '(7&-B%,'&! *#*3c*! (_(+B&! *&+#a&! (*! (2! _(B&0! -#*!
(7$,%3&0!(-!#75&%B,*B(!+&*&+(%!2&-!5&-#$2(-!%#(-3&-8
:?-!+&*-(+?(*+#,-!$#&2[3#+,-K
!``!NN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
&2?6?=3+?2+Z6932@;56?=?
G*!+?,2]?#(%!(-B,$2(+#7#(*B&!'(!,B(*+#[*!7/'#+,!+&*!(]?#5&-!
'(!?2B%,-&*#'&0!'($(*!B(*(%!(*!+?(*B,!2,-!-#3?#(*B(-!7('#',-!'(!
$#&-(3?%#','K
`! k*B(-! '(! +?,2]?#(%! 5%&+('#7#(*B&0! (2! 7/'#+&! -(! a(!
&$2#3,'&! ,! (<52#+,%! ,2! 5,+#(*B(! -&$%(! (2! (-B?'#&! '(!
?2B%,-&*#'&8
`! k!a(+(-!(2!7/'#+&!5?('(!,52#+,%!?*!(-B?'#&!+&*!?*!_,7#2#,%!
5%(-(*B(0!(*!-?!'(_(+B&0!(-B(!'($(!(-B,%!&B%&!5(%-&*,2!'(!
,B(*+#[*!7/'#+,!]?(!,+&75,\(!,!2,!5,+#(*B(!g+&7&!(*!(2!
+,-&!'(!2,-!*#\,-!Z!,'&2(-+(*B(-h8
`! :(!'($(!5%&5&%+#&*,%!+&*e'(*+#,2#','!Z!%(-5(B&8
`! .,*B(*(%!(2!(-5,+#&!2#75#&!Z!2#$%(8
`! "&-! B%,*-'?+B&%(-! '($(*! (-B,%! 2#75#&-! Z! ,',5B,'&-! ,2!
(<,7(*8
`! G2! 7/'#+&! ]?(! B&7,! (2! (<,7(*! '($(! B%,(%! 3?,*B(-0!
(-5(+#,27(*B(!-#!(2!(-B?'#&!(-!(*'&+,a#B,%#&8
`! G*! +,-&! '(! ?*! (-B?'#&! a,3#*,2! '(! ?2B%,-&*#'&0! -(! '($(!
+&2&+,%!?*!+&*'[*!(*!(2!B%,*-'?+B&%!5&%!+,',!(-B?'#&8
`! "&-! 3?,*B(-! Z! 2&-! +&*'&*(-! ?B#2#@,'&-! '(-5?/-! '(! 2&-!
(-B?'#&-!'($(*!'(-(+>,%-(!(*!?*!'(B(%7#*,'&!2?3,%!5?(-!
-&*!7,B(%#,2!$#&2[3#+&8
`! G2!7/'#+&!'($(!#*_&%7,%!,!2,!5,+#(*B(!-&$%(!2&-!%(-?2B,'&-!
!``!NO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(*+&*B%,'&-!'?%,*B(!(2!?2B%,-&*#'&8
`! G-B^! (-B%#+B,7(*B(! 5%&>#$#'&! +&7(%0! _?7,%! &! B&7,%!
,2+&>&2!'(*B%&!'(!2,!-,2,!'(!?2B%,-&*#'&8
`! k-(3?%,%! ]?(! 2&-! B%,*-'?+B&%(-! (-B^*! -(3?%&-! (*! 2,!
$,*'(Y,!Z!]?(!2&-!+,$2(-!(-B/*!'($#',7(*B(!%(+&3#'&-8
`! "#75#,%!2&-!B%,*-'?+B&%(-!+&*!7,B(%#,2!-?,a(!Z!>c7('&!
,2!e*,2!'(2!(-B?'#&8
`! H(+&%',%! ]?(! ,2! e*,2! '(2! '4,! (2! (]?#5&! '($(! 2#75#,%-(!
+&%%(+B,7(*B(8
`! G2!?2B%,-&*#'&!Z!2&-!B%,*-'?+B&%(-!'($(*!(-B,%!(*!5(%_(+B,-!
+&*'#+#&*(-! Z! '($(*! %(+#$#%! 7,*B(*#7#(*B&! ,'(+?,'&! Z!
5(%#['#+&!5,%,!5%&5&%+#&*,%!?*,!3,%,*B4,!'(!2,!+,2#','!'(!
#7,3(*!5&%]?(!5(%7#B(!>,+(%!?*!'#,3*[-B#+&!,'(+?,'&8
,9F36?25=469F23+\864=3
`! 1%,'&!(*!7('#+#*,8
`! G*B%(*,7#(*B&!a&+,+#&*,2!,'(+?,'&8
`! )&*-(*B#7#(*B&! #*_&%7,'&K! (<52#]?(! 2&-! 247#B(-! '(2!
7/B&'&8
!``!NP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
5?('(*!',%!7,2,!#*_&%7,+#[*!Z!+&*_?*'#%!,2!?-?,%#&8
R8! Ga#B,%! >,+(%! ?*,! %(_(%(*+#,! ,*B(%#&%0! (-B?'#&-! '(!
'#,3*[-B#+&! &! +&7(*B,%#&-! ]?(! ,_(+B(! 2,! '#3*#','! '(2!
5%&_(-#&*,28
!
!
!
!``!NQ!``
!"#$%&'() III
g%11%h-)*+',)-.]!0,)*+'#+M%,0'#('*+%$"1(%*
,9F36?25=469F23+@2F25=>23
G*! (2! ^%(,! '(! 1#*(+&2&34,! (-! +&7c*! B%,B,%! +&*! 7/B&'&-!
#7,3(*&2[3#+&-!B,2!+&7&!2&!(-!2,!(+&3%,_4,!5,%,!+&75%(*'(%!(2!
+?,'%&! ]?(! 5%(-(*B,*! 2,-! 5,+#(*B(-8! k?*]?(! (-! +&7c*! ]?(! -(!
(*+?(*B%(*! (*_(%7(','(-! '(2! -#-B(7,! %(5%&'?+B&%! _(7(*#*&!
(<#-B(*! (<+(5+#&*(-! +&7&! 2&! (-! ?*! (-B?'#&! %?B#*,%#&! 5,%,!
'(-+,%B,%! 5,B&2&34,-! ?! &$-(%a,%! (2! '(-,%%&22&! '(! 2&-! [%3,*&-!
-(<?,2(-! _(7(*#*&-i! Z0! (*! +,-&-! ,c*! 7^-! (<+(5+#&*,2(-0! (2!
>,22,@3&! '(! +?,'%&-! +24*#+&-! ]?(! -&*! '(2! ^7$#B&! &$-B/B%#+&8!
D&! &$-B,*B(0! (2! 5%&_(-#&*,2! '($(! 5&-((%! (2! +&*&+#7#(*B&! 5,%,!
%(+&*&+(%!'#a(%-,-!(-B%?+B?%,-0!,?*]?(!*&!-(,*!'(!-?!^%(,!5,%,!
%(,2#@,%!(2!#*_&%7(0!(2!(-B?'#&!Z!2,!'(%#a,+#[*!5(%B#*(*B(i!(-!5&%!
(22&! ]?(! 5,%B(! '(! (-B(! +,54B?2&! -(! '(B,22,*! ,23?*,-! -#B?,+#&*(-!
]?(!5?('(*!',%-(!(*!2,!5%^+B#+,!5%&_(-#&*,28
'G=D6F=46EF+?2+>=+=F=89D^=+;8256F=
",!(<,7#*,+#[*!'(2!cB(%&!(-!(*!$,-(!,!-?-!V!'#a#-#&*(-K
M8! )?(%5&K!I+?5,!}!'(2!cB(%&8
Q8! b?*'?-K!5&%+#[*!+&%&*,2!'(2!cB(%&8
V8! )/%a#<K!2,-!7('#',-!(*!%(2,+#[*!+&*!2,!5&%+#[*!'#-B,2!'(!2,!
a,3#*,!Z!2,!5,%B(!#*_(%#&%!(-!'(!Q8W!,!W!+78
!``!NS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!B(*(%!$#(*!'(e*#',-!(-B,-!'#a#-#&*(-!'(2!cB(%&!(-!#75&%B,*B(!
5,%,!2&+,2#@,%!e$%&7,-!&!7,-,-!,*(<#,2(-8
G2! cB(%&! 5?('(! +,7$#,%! '(! B,7,\&! '($#'&! ,! 2,! (','! Z! (2!
*c7(%&!'(!5,%B&-8!:?!2&*3#B?'!-(!(<B#(*'(!'(-'(!2,!5,%B(!#*_(%#&%!
'(2! +?(22&! ?B(%#*&! >,-B,! (2! _?*'?-0! 2,! 7('#',! ,*B(%&5&-B(%#&%!
(-! 2,! 2&*3#B?'! 7^<#7,! (*! ?*! 52,*&! 5(%5(*'#+?2,%! Z! 2,! 7('#',!
+&%&*,2!]?(!-(!'(B(%7#*,!+&*!%(_(%(*+#,!,2!_?*'?-8
">85=39F9@5=H^=+;8256F=
d#5&!'(!5,+#(*B( k*+>&!g+7h "&*3#B?'!g+7h kA!g+7h
k'?2B(@
h9F=3+?2+?6H252F82+249@2F646?=?+;8256F=
!``!NT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
">85=39F9@5=H^=+2F?9D2856=>+i+&2?646EF
">85=39F9@5=H^=+2F?9D2856=>+7938i+D2F97=;36=
-59395+cDDd '38=8;3+7938+D2F97b;3649
~!W :#*!-4*B&7,-
!W :,*3%,'&
~!S d(%,5#,!>&%7&*,2!'(!%((752,@&
!S d,7&<#_(*&
B(%&!*&!3%^a#'&!+&*!-&-5(+>,!'(!(7$,%,@&!(+B[5#+&
G*!?*!+&*B(<B&!+24*#+&!,5%&5#,'&0!2,!5%(-(*+#,!'(!?*!cB(%&!-#*!
3%,a#'(@! B(*#(*'&! -#*B&7,B&2&34,! ,-&+#,',! g5%(a#,7(*B(! 5,%,!
(-B,$2(+(%!2,!'(%#a,+#[*!,!&$-B(B%#+#,h!5?('(!-?3(%#%!2,!5%(-(*+#,!
'(! (7$,%,@&! _?(%,! '(2! cB(%&! g(+B[5#+&h! (*! ?2B%,-&*#'&-0! 2&-!
24]?#'&-!+&7&!2,!-,*3%(!&!2,!&%#*,!-&*!>#5&T,*(+&#+&-!&!*(3%&-8!
j*!cB(%&!]?(!*&!(-!3%^a#'&!B#(*(!?*,!_&%7,!'(!_%#Y&2!Z!,5,%(+(!
+&7&!(+&3(*#+#','!'(!+&2&%!3%#-8!
!``!OW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G-! *(+(-,%#&! 3#%,%! (2! B%,*-'?+B&%! 5,%,! ]?(! -(! 5?(',! a(%!
(2! cB(%&! 5&%! +&752(B&i! (*! ?*,! 5,+#(*B(! -#*! 3%,a#'(@! (2! cB(%&!
B#(*(!?*,!5(]?(\,!24*(,!$2,*+,!g>#5(%(+&#+,h!]?(!%(5%(-(*B,!(2!
(*'&7(B%#&8
0F?64=?95 g=>>=[@9
'49@5=H^=+9+ l#5&T,*(+&#+& "4]?#'&-
;>85=39F6?9
b&%7,!'(!_%#Y&2 B(%&!g_&%7,!'(!_%#Y&2h
l#5(%(+&#+, G*'&7(B%#&
*=F@5=?9+725689F2=>+795+2DZ=5=[9+248E7649
)8593+j=>>=[@93+752K693+=+?256K=46EF+9Z38\8564=
,9F82F6?9+6F85=;8256F9
G*! 2,-! 5%#7(%,-! (B,5,-! '(2! (7$,%,@&! (-! +&7c*! ]?(! 7?+>,-!
7?Y(%(-!*&!(-B/*!,2!B,*B&!'(!-?!(-B,'&!'(!3%,a#'(@i!5&%!(22&0!*&!(-!
(<B%,\&!(*+&*B%,%!(*!(2!^%(,!'(!1#*(+&2&34,!(-B&-!+,-&-!(<+(5+#&*,2(-0!
(-!,-4!]?(!(*!2,!+&*-?2B,!,2!%(,2#@,%!(2!(-B?'#&!(+&3%^e+&!(*+&*B%(7&-!
]?(!(2!(7$%#[*!-(!(*+?(*B%,!'(*B%&!'(2!cB(%&!%&'(,'&!5&%!?*,!$&2-,!
+&*!+&*B(*#'&!24]?#'&!22,7,'&!-,+&!3(-B,+#&*,28!
",!5%#7(%,!(-B%?+B?%,!(*!(2!-,+&!3(-B,+#&*,2!(-!?*!5(]?(\&!
,*#22&!22,7,'&!-,+&!a#B(2#*&0!(-B,!5%(-(*+#,!+,-#!]?(!(<+2?Z(!2,!
!``!OV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(<#-B(*+#,!'(!?*!(7$,%,@&!(+B[5#+&8!)&*!?*,!,2B,!%(-&2?+#[*!'(!
-&*',-! (*'&+,a#B,%#,-! gB%,*-a,3#*,2h0! (2! -,+&! a#B(2#*&! -(! 5?('(!
a(%!B,*!5%&*B&!+&7&!2,!5%#7(%,!-(7,*,!'(-5?/-!'(!2,!5%#7(%,!
,?-(*+#,!7(*-B%?,28!
*=49+@238=469F=>
j*,!a(@!-(!>,!#'(*B#e+,'&!2,!2&*3#B?'!'(2!_(B&!,2!-(2(++#&*,%!
)H"! 7?(-B%,! 2,-! 7('#+#&*(-! '(! ?2B%,-&*#'&8! ",! 7('#+#[*! '(!
)H"!(-B^!%(,2#@,',!'(-'(!2,!5,%B(!7^-!,2B,!'(!2,!+,$(@,!>,-B,!(2!
_&*'&!'(!2,!%,$,'#22,!'(2!_(B&8
!``!OX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,;=?593+4>^F6493+49D;F23+Z=a9+?6=@FE38649+249@5b`49
'FH25D2?=?+M\>K64=+0Fk=D=8956=
G2!'#,3*[-B#+&!(+&3%^e+&!(-!5&%!a4,!B%,*-a,3#*,20!,2!a#-?,2#@,%!
24]?#'&!(*!2,-!B%&75,-!'(!b,2&5#&!-(!5?('(!'($(%!,!24]?#'&!2#$%(!
5(%#B&*(,20! 7,-,-! B?$&T&a^%#+,-0! 7^-! &B%&-! (-B?'#&-! 9&552(%!
',*!#*'#+#&-!'(!>#5(%(7#,8
!6Z59D=89363+;8256F=
-2F25=>6?=?23+39Z52+>94=>6[=469F23+=F=8ED64=3
(679 +$23456746EF
6*B%,7?%,2 G-B^!?$#+,'&!(*!(2!#*B(%#&%!'(2!7#&7(B%#&!+&*!&!-#*!
$?2B&-!(*!2,!-(%&-,!&!(2!(*'&7(B%#&8
:?$-(%&-& l,Z!,$?2B,7#(*B&!(*!2,!-?5(%e+#(!-(%&-,8
:?$7?+&-& k$?2B,7#(*B&!>,+#,!2,!+,a#','!(*'&7(B%#,28
!``!OJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
A,%,-4B#+& G2!2(#&7#&7,!(-!+&*-#'(%,'&!'(!(-B,!7,*(%,!5&%]?(!(2!
-?7#*#-B%&!'(!-,*3%(!2&!&$B#(*(!'(!&B%,!(-B%?+B?%,!]?(!
*&!(-!(2!cB(%&8
6*B%,+,a#B,%#& G2!2(#&7#&7,!(-B^!?*#'&!,2!cB(%&!5&%!7('#&!'(!
?*!5('4+?2&!Z!-(!2&+,2#@,!'(*B%&!'(!2,!+,a#','!
(*'&7(B%#,28
A('?*+?2,'& G2!2(#&7#&7,!(-B^!?*#'&!,2!cB(%&!5&%!7('#&!'(!?*!
5('4+?2&!Z!(-!(<&_4B#+&8
,=5=4825^3864=3+24939F9@5b`4=3
`! A-(?'&+^5-?2,!!+&*B&%*&!$#(*!'(e*#'&8
`! 9(2! 7#&7(B%#&! ?B(%#*&! 5%&+('(! ?*,! 7,-,! -[2#',! ]?(!
5?('(!-(%!a#-B,!5&%!(+&3%,_4,8
`! d#(*(!,5,%#(*+#,!'(!%(7&2#*&!'($#'&!,2!B(Y#'&!+&*(+B#a&!Z!
(2!7c-+?2&!2#-&!B#(*(*!?*!5,B%[*!+&*+/*B%#+&8
`! kB(*?,+#[*!(*!2,-!&*',-!'(2!?2B%,-&*#'&8
`! A,B%[*!'(!-&7$%,8
`! G*!?*!9&552(%!,!+&2&%!-(!5?('(!a(%!?*,!a,-+?2,%#@,+#[*!
74*#7,8
`! "&-!2(#&7#&7,-!B#(*'(*!,!7&a(%-(!(*!(2!cB(%&8
`! G*! (2! 9&552(%! ,! +&2&%! 2&-! 2(#&7#&7,-! +&*! 5('4+?2&-!
5?('(*!7&-B%,%!?*!B,22&!]?(!2&-!?*(!,2!cB(%&8
,=DZ693+2F+>93+>269D69D=3
"&-!2(#&7#&7,-!5%(-(*B,*!R!B#5&-!'(!+,7$#&-K
M8! l(7&%%^3#+&8
Q8! l#,2#*&8
V8! kB%[e+&8
U8! ),2+#e+,'&8
W8! .#<&#'(8
O8! ),%*&-&8
R8! X?4-B#+&8
!``!ON!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!A&(%!9&552(%!&!9&552(%!,!+&2&%!5?('(!,Z?',%!,!'(B(+B,%!
2&-! 7#&7,-! (*+#7,! '(! -?! +^5-?2,i! (-B&-! -&*! ?*,! 5,B&2&34,!
3#*(+&2[3#+,!$(*#3*,!7?Z!_%(+?(*B(!7^-!(2!7,*(Y&!-(%^!-(3c*!
2,!'(3(*(%,+#[*0!2,!2&+,2#@,+#[*!Z!(2!B,7,\&8
M=89>9@^=+?2>+9K=569
*^F?59D2+?2+)K=569+M9>6_;^38649
,=5=4825^3864=3+249@5b`4=3
G*!(2!(<,7(*!+&*!?2B%,-&*#'&!-(!'($(!+&*-B,%!2&-!-#3?#(*B(-!
+%#B(%#&-K
`! ;&2?7(*!&a^%#+&!7,Z&%!,!MN!+7V8
`! MQ!&!7^-!_&24+?2&-!]?(!B(*3,*!Q!T!P77!'(!'#^7(B%&8
`! k*B(!?*!+,-&!'(!!:IA!-(!-?3#(%(K
`! H(,2#@,%!?*,!(+&3%,_4,!(*'&a,3#*,2
`! D&! ',%! #75&%B,*+#,! ,2! a&2?7(*! '(2! (-B%&7,! *#! 2,!
(+&3(*#+#','
`! D&!',%!#75&%B,*+#,!,!2,!'#-B%#$?+#[*!_&2#+?2,%8
`! ",!5,+#(*B(!*&!'($(!>,$(%!,'7#*#-B%,'&!,*B#+&*+(5B#a&-!
>&%7&*,2(-!5&%!,2!7(*&-!Q!7(-(-!,*B(-!'(!2,!(+&3%,_4,8
`! H(,2#@,%! 2,! (+&3%,_4,! (*! (2! '4,! V! T! W! '(! 2,! _,-(! _&2#+?2,%!
5%(+&@8
'F?9D28569363
",!(+&3%,_4,!5(%7#B(!#'(*B#e+,%!2,!(*'&7(B%#&-#-!&a^%#+,0!-?!
5%(-(*B,+#[*! (-! (+&*(3,B#a,0! %('&*'(,',0! $&%'(-! '(2#7#B,'&-0!
+&*! +&*B(*#'&! 5?*B#_&%7(! ,'(7^-! '(! -(%! '(*-&i! -#*! a,-&-0!
-#*! B,$#]?(! Z! -#*! @&*,-! -[2#',-8! ",! #7,3(*! '(2! ?2B%,-&*#'&! (-!
5,%(+#',! ,! ?*! +%#-B,2! (-7(%#2,'&! ]?(! 5?('(! -(%! a#-B&! +&*! 3%,*!
*#B#'(@!(752(,*'&!?*,!-&*',!a,3#*,28
!``!OO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",!+^5-?2,!]?4-B#+,!-?(2(!-(%!3%?(-,!Z!,!a(+(-!+&*!+&*B&%*&-!
24]?#'&-!Z!(-5(+?2,'&-8!G*!&B%,-!-#B?,+#&*(-!-(!7?(-B%,!2,!#7,3(*!
'#2,B,',!Z!%(+B#24*(,!'(!2,!B%&75,!(*!2,!5(%#_(%#,!'(2!]?#-B(8!)&*!
2,!-&*',!,$'&7#*,20!3(*(%,27(*B(!,5,%(+(!(2!%(_?(%@&!'(!-&*#'&!
5&-B(%#&%0!(-B&!(-!2&!]?(!,Z?',!'(-5?/-!,!>,+(%!(2!'#,3*[-B#+&8
(;D9523+Z2F6@F93+C+_;63823+
(;D9523+D=>6@F93+C+_;63823
"&-! B?7&%(-! 3&*,',2(-0! +&7&! (2! B?7&%! '(! +/2?2,-! '(! 2,!
3%,*?2&-,!&!'(!2,!B(+,0!-(!5%(-(*B,*!(*!7(*&%!7('#',!]?(!2&-!
]?#-B(-!(2!'#-3(%7#*&7,!&!(2!B(%,B&7,!7,2#3*&0!(-5(+B%&-0!]?(!
(-B^*!,-&+#,'&-!(*!7,Z&%!7('#',!,!2,!,'&2(-+(*+#,8
"&-!B?7&%(-!'(!+/2?2,-!'(!2,!3%,*?2&-,!%(5%(-(*B,*!,2%('('&%!
'(2!Wz!,5,%(+(!,*B(-!'(!2,!5?$(%B,'!7#(*B%,-!]?(!(*!2,-!5,+#(*B(-!
,'?2B,-!(-!(2!PWz8!
!``!OP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! b&%7,+#&*(-!]?4-B#+,-0!-[2#',-!&!7#<B,-8
`! 1%,*!>(B(%&3(*(#','!(*!B/%7#*&-!'(!+&*B(*#'&
`! A%(-(*+#,!'(!$%&B(-!'(!5,2,',%8
`! %(,-!-[2#',-8
`! )&*!a,-&-
`! d,$#]?(-!3%?(-&-8
`! A%(-(*+#,!'(!,-+#B#-8
",!5&-B(%#&%!#*B%&'?++#[*!'(2!(-B?'#&!>(7&'#*^7#+&!B?7&%,2!
+&*! 9&552(%! (*! 2,-! ,'?2B,-! (-! 5,%,! &5B#7#@,%! 2&-! %(+?%-&-! '(!
'#,3*[-B#+&! B(*#(*'&! (*! +?(*B,! ]?(! 2&-! B?7&%(-! 7,2#3*&-! -(!
+,%,+B(%#@,*! 5&%! ?*! ,2B&! 3%,'&! '(! a,-+?2,%#@,+#[*! +&*! $,Y,!
%(-#-B(*+#,0!5?2-,B#2#','!Z!a,-&-!#*B%,7?%,2(-8
&=3=3+=F2G6=>23
",-! 7,-,-! ,*(<#,2(-! -&*! ?*! -#3*#e+,B#a&! %(B&! '#,3*[-B#+&8!
G*!2&-!&a,%#&-0!2&-!B?7&%(-!$(*#3*&-!-(!5?('(*!'(-,%%&22,%!(*!
?*!(-B#7,'&!'(2!SNz0!+&7&!?*&!7,2#3*&0!(*!(2!QNz!'(2!B&B,2!'(!
+,-&-!'(!7,-,-!&a^%#+,-8!
:&*!?*,!,B(*+#[*!(-5(+#,20!Z,!]?(!2,!#*+#'(*+#,!'(!+^*+(%!'(!
&a,%#&! >,! ,?7(*B,'&! (*! 2&-! c2B#7&-! ,\&-0! -#(*'&! 2,! 5%#*+#5,2!
+,?-,!'(!7?(%B(!(*!(2!^%(,!'(!3#*(+&2&34,8
!``!OQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",!5&-#$#2#','!'(!'(-,%%&22,%!+^*+(%!'(!&a,%#&!(-!'(2!M8Sz0!+&*!
7,Z&%!5%(-(*B,+#[*!(*!7?Y(%(-!+&*!UW!,\&-!-#(*'&!UN!!LMNN0NNN0!
2&!]?(!,?7(*B,!,!WNLMNNNNN!(*!7?Y(%(-!'?%,*B(!RW!,\&-!'(!(','0!
2&! ]?(! -?3#(%(! ?*! ,?7(*B&! '(! %#(-3&! (*! 2,-! 5,+#(*B(-! ,'?2B,-!
7,Z&%(-8
&=3=3+=F2G6=>23
(6793 $23456746EF
'869>9@^=
d?7&%(-!$(*#3*&- G*'&7(B%#&7,-8
)#-B&,'(*&7,-8
d(%,B&7,!7,'?%&8
X?#-B(-!_?*+#&*,2(-8
A,B&2&34,!*&!$(*#3*,! X?#-B(!5,%,B?$,%#&8
%(2,+#&*,'&!+&*!(2!&a,%#& k$-+(-&!5,%,B?$,%#+&8
k$-+(-&!'#a(%B#+?2,%8
k$-+(-&!,5(*'#+?2,%8
l#'%&-,25#*<8
.#&7,B&-#-!?B(%#*,8
X?#-B(!'(!#*+2?-#[*!
5(%#B&*(,28
A,B&2&34,!5%#7,%#,!'(2! ),%+#*&7,!'(!+&%'&*(-!
&a,%#& -(<?,2(-8
),%+#*&7,!(5#B(2#,28
),%+#*&7,!'(!+/2?2,-!
3(%7#*,2(-8
A,B&2&34,!-(+?*',%#,!'(2! .(B^-B,-#-!'(!B?7&%(-!'(2!
&a,%#& B%,+B&!3,-B%&#*B(-B#*,28
.(B^-B,-#-!'(!+^*+(%!'(!
7,7,8
"39+?2>+$977>25+2F+D=3=3+=F2G6=>23
!``!OS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
5,%^7(B%&!]?(!3(*(%,!+&*_?-#[*0!,5,%B(!'(!?*!5,%^7(B%&!(<,+B&0!
-(!B#(*(!+&7&!%(_(%(*+#,!?*!4*'#+(!'(!5?2-,B#2#','!g6Ah!~M!&!?*!
4*'#+(!'(!%(-#-B(*+#,!g6Hh!~N8U!+&7&!?*!#*'#+,'&%!+,*+(%43(*&8
l;63823+36D7>23
G-B^*!$,Y&!#*f?(*+#,!>&%7&*,2i!(-!'(+#%0!'(2!+#+2&!7(*-B%?,2!
Z!-&*!'(!+,%^+B(%!$(*#3*&!+&*!?*!'#^7(B%&!5%&7('#&!'(!QW!778!
:(!&%#3#*,*!(*!(2!&a,%#&!&!'(!7,*(%,!5,%,!B?$^%#+,0!,'(7^-!'(!
5%(-(*B,%!%(3%(-#&*(-!(*!2&-!+#+2&-!7(*-B%?,2(-!5&-B(%#&%(-0!-#*!
B(*(%!]?(!%(,2#@,%!+&*B%&2(-!5&-B(%#&%(-8
",-!+,%,+B(%4-B#+,-!(+&3%^e+,-!-&*K
`! ! H(_?(%@&!,+c-B#+&!'#-B,28
`! X?#-B(!,*(+&#+&8
`! k?-(*+#,!'(!(+&-!#*B(%*&-8
`! k?-(*+#,!'(!5,%('!3%?(-,!V!778
l;63823+49D7>2a93
!``!OT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! G+&-!&!B,$#]?(-!#*B(%*&-8
`! k?-(*+#,!'(!B%,*-7#-#[*!'(!-&*#'&-8
`! k-5(+B&!'(!7,-,!-[2#',8
`! A,%('(-!3%?(-,-! !V778
`! k-5(+B&!#%%(3?2,%8
G2! %#(-3&! '(! ]?(! (2! ]?#-B(! -(,! 7,2#3*&! '($(! +&*-#'(%,%-(!
-#(75%(! ?*,! 5&-#$#2#','0! -&$%(! B&'&! ,*B(! 2,! ! 5%(-(*+#,! '(! ?*,!
7,-,! ,*(<#,2! +&*! ,2B,! +&752(Y#','0! +?^*B&! 7,Z&%! ,*&7,24,!
B(*3,!7,Z&%!5%&$,$#2#','!'(!'(-,%%&22,%!+,%,+B(%4-B#+,-!7,2#3*,-!
B(*'%^8
l;63823+j2D955b@6493
G-!?*!]?#-B(!+&*!_&%7,!'(!*['?2&!7?%,2!'($#'&!,!2,!%(B%,++#[*!
'(2! +&^3?2&0! ?*#'&! ,! 2,! 5,%('! Z! +[*+,a&! (*! -?! +&*B&%*&8! ",-!
+,%,+B(%4-B#+,-!(+&3%^e+,-!-&*K
`! k-5(+B&!'(!7,-,!-[2#',8
`! k?-(*+#,!'(!B%,*-7#-#[*!'(!-&*#'&8
`! :,*3%(!%(B(*#',8
`! )&^3?2&-88
`! )&75&*(*B(!]?4-B#+&!5%('&7#*,*B(8
:(! '($(! %(,2#@,%! ?*! -(3?#7#(*B&! ,*B(! 2,! 5%(-(*+#,! '(! ?*!
]?#-B(!>(7&%%^3#+&!5&%!,2!7(*&-!S!-(7,*,-0!-?(2(!%(,$-&%$(%-(!
(*!(-B(!2,5-&8!G*!+?,*B&!,!-?-!+&752#+,+#&*(-!-(!5?('(!',%!?*,!
B&%-#[*!&!%&B?%,!'(2!]?#-B(!>(7&%%^3#+&8
(;D95+K2364=>
",!(','!5%&7('#&!'(!2,!5%(-(*B,+#[*!(-!'(!OW!,\&-!Z!(2!QWz0!
!``!PW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(-B(!(-!?*!+^*+(%!'(!a(Y#3,!]?(!'(*B%&!'(!2&-!+^*+(%(-!?%&2[3#+&-!
B#(*(! ?*! -(3?*'&! 2?3,%! '(! 5%(-(*B,+#[*! (*! 2,-! 5,+#(*B(-!
3(%#^B%#+,-0!Z!(*!(2!5(&%!'(!2&-!+,-&-!-(!',!7(B^-B,-#-8
k2!7&7(*B&!'(!%(,2#@,%!2,!(+&3%,_4,!,!2,!5,+#(*B(!'($(!-(%!5&%!
a4,! B%,*-a,3#*,20! 2&! +?,2! ',! 2,! &5&%B?*#','! '(! 5&'(%! (<,7#*,%!
(-B%?+B?%,-!,'Z,+(*B(-!,2!B%,+B&!?%#*,%#&!5,%,!&$-(%a,%!-#!(<#-B(!
&!*&!'#-(7#*,+#[*!7,2#3*,!,!&B%&-![%3,*&-8
`! )^2+?2&-8
`! )&^3?2&-8
!``!PV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! )?(%5&-!(<B%,\&-8
`! G*'&7(B%#&-#-8
`! X?#-B(-!>(7&%%^3#+&-8!
",! a#,$#2#','! '(2! '#,3*[-B#+&! '(! 5,B&2&34,-! '(! 2,! a(Y#3,! 5&%!
?2B%,-&*#'&! B%,*-a,3#*,2! (-! +&7c*! (*! 2,! 5&$2,+#[*! '(! ,'?2B,-!
7,Z&%(-0! 5(%&! 5?('(! 5,-,%! '(-,5(%+#$#'&! ,2! *&! ',%! (2! #*B(%/-!
*(+(-,%#&!,!2&-![%3,*&-!3(*#B,2(-!#*B(%*&-!Z!,'Z,+(*B(-8
*^F82363+?2+j=>>=[@93+249@5b`493+2F+D;a2523+=?;>8=3
g=>>=[@93+249@5b`493+2F+D;a2523+=?;>8=3
7$#B&! ,;=?59+4>^F649+ $23456746EF
l,22,@3&-!5%(a#&-! B(%&!*&!3%^a#'&! G-!*(+(-,%#&!3#%,%!(2!
,!'(%#a,+#[*! -&-5(+>&-&!'(! B%,*-'?+B&%!5,%,!]?(!-(!
&$-B/B%#+, (7$,%,@&!(+B[5#+& 5?(',!a(%!(2!cB(%&!5&%!
+&752(B&i!(*!?*,!5,+#(*B(!
-#*!3%,a#'(@!(2!cB(%&!
B#(*(!?*,!5(]?(\,!24*(,!
$2,*+,!g>#5(%(+&#+,h!]?(!
%(5%(-(*B,!(2!(*'&7(B%#&8
:,*3%,'&!5(%#B&*(,2! 9,',!2,!-&-5(+>,!'(!
5&%!(7$,%,@&! ?*!(7$,%,@&!(+B[5#+&!
(+B[5#+& -,*3%,*B(0!2,!5%(-(*+#,!
'(!-,*3%(!(*!2,!+,a#','!
,$'&7#*,2!%(]?#(%(!?*,!
+#%?34,!?%3(*B(!5,%,!
+&*B%&2,%!(2!-,*3%,'&8
!``!PX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
:,+&!3(-B,+#&*,2 j*,!a(@!-(!>,!#'(*B#e+,'&!
2,!2&*3#B?'!'(2!_(B&!,2!
-(2(++#&*,%!)H"!7?(-B%,!
2,-!7('#+#&*(-!'(!
?2B%,-&*#'&8!",!7('#+#[*!
'(!)H"!(-B^!%(,2#@,',!'(-'(!
2,!5,%B(!7^-!,2B,!'(!2,!
+,$(@,!>,-B,!(2!_&*'&!'(!2,!
%,$,'#22,!'(2!_(B&8
!``!PJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
b#$%&7,B&-#-!?B(%#*, G2!'#,3*[-B#+&!'(!e$%&7,-!
3(*(%,27(*B(!-(!+&*e%7,!
Z!+&*B%&2,!5&%!(+&3%,_4,!
B%,*-a,3#*,28i!-#*!
(7$,%3&0!2,!(a,2?,+#[*!
5?('(!2#7#B,%-(!+?,*'&!
(2!cB(%&!(-B^!(*!f(<#[*!
5&-B(%#&%0!5&%!,?7(*B&!&!
%(B%&a(%-#[*0!,2!5?*B&!]?(!
(+&3%^e+,7(*B(!#75#'(!-?!
&$-(%a,+#[*!B&B,28
:IA G*!(2!(<,7(*!+&*!
?2B%,-&*#'&!-(!'($(!+&*-B,%!
2&-!-#3?#(*B(-!+%#B(%#&-K
`! ;&2?7(*!&a^%#+&!
7,Z&%!,!MN!+7V8
`! MQ!&!7^-!_&24+?2&-!
]?(!B(*3,*!Q!T!P77!'(!
'#^7(B%&8
G*'&7(B%#&-#- ",!(+&3%,_4,!5(%7#B(!
#'(*B#e+,%!2,!(*'&7(B%#&-#-!
&a^%#+,0!-?!5%(-(*B,+#[*!(-!
(+&*(3,B#a,0!%('&*'(,',0!
$&%'(-!'(2#7#B,'&-0!+&*!
+&*B(*#'&!5?*B#_&%7(!
,'(7^-!'(!-(%!'(*-&i!-#*!
a,-&-0!-#*!B,$#]?(!Z!-#*!
@&*,-!-[2#',-8
d?7&%(-!$(*#3*&-!Z! ",-!#7^3(*(-!(+&3%^e+,-!
]?#-B(- +&%%(-5&*'(*!,!?*,!#7,3(*!
-#*!B,$#]?(-0!a,-&-0!+&*!
+^5-?2,!%(3?2,%!Z!?*#_&%7(!
]?(!,'(7^-!5&-((!?*,!
_&%7,+#[*!(+&*(3,B#a,!
]?(!*?*+,!5,-,!'(!W!+7!'(!
'#^7(B%&8
!``!PN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
d?7&%(-!7,2#3*&-!Z! )&*!?2B%,-&*#'&!Q90!2&-!
]?#-B(- B?7&%(-!'(!&a,%#&!7,2#3*&-!
5%&$,$2(7(*B(!,5,%(+(*!
+&7&K
`! b&%7,+#&*(-!
]?4-B#+,-0!-[2#',-!&!7#<B,-8
`! 1%,*!
>(B(%&3(*(#','!(*!
B/%7#*&-!'(!+&*B(*#'&
T! A%(-(*+#,!'(!
$%&B(-!'(!5,2,',%8
T! %(,-!-[2#',-8
T! )&*!a,-&-
T! d,$#]?(-!3%?(-&-8
`! A%(-(*+#,!'(!
,-+#B#-8
X?#-B(-!-#752(- ",-!+,%,+B(%4-B#+,-!
(+&3%^e+,-!-&*K
`! H(_?(%@&!,+c-B#+&!
'#-B,28
`! X?#-B(!,*(+&#+&8
`! k?-(*+#,!'(!(+&-!
#*B(%*&-8
`! k?-(*+#,!'(!5,%('!
3%?(-,!V!778
X?#-B(-!+&752(Y&- !",-!+,%,+B(%4-B#+,-!
(+&3%^e+,-!-&*K
`! G+&-!&!B,$#]?(-!
#*B(%*&-8
`! k?-(*+#,!'(!
B%,*-7#-#[*!'(!-&*#'&-8
`! k-5(+B&!'(!7,-,!
-[2#',8
`! A,%('(-!3%?(-,-! !
V778
`! k-5(+B&!#%%(3?2,%8
!``!PO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
X?#-B(-!>(7&%%^3#+&- ",-!+,%,+B(%4-B#+,-!
(+&3%^e+,-!-&*K
`! k-5(+B&!'(!7,-,!
-[2#',8
`! k?-(*+#,!'(!
B%,*-7#-#[*!'(!-&*#'&8
`! :,*3%(!%(B(*#',8
`! l(7,B&7,-8
`! )&75&*(*B(!
]?4-B#+&!5%('&7#*,*B(8
d?7&%!a(-#+,2 G*!2&-!%(-?2B,'&-!
?%&2[3#+&-!'(2!?2B%,-&*#'&!
3#*(+&2[3#+&!B%,*-a,3#*,20!
-(!'(-+%#$(!2,!#'(*B#e+,+#[*!
'(2!+^*+(%!'(!a(Y#3,!+&*K
)^2+?2&-8
)&^3?2&-8
)?(%5&-!(<B%,\&-8
G*'&7(B%#&-#-8
X?#-B(-!>(7&%%^3#+&-8!
!``!PP!``
!"#$%&'() IV
',)-.%!/%+-0#',)1m-0,%+'#+M%,0'#('*
0#!%#()in"<'#01'*
0F859?;446EF
",! a?2a#B#-! Z! 2,! a?2a&a,3#*#B#-! (*! 2,-! *#\,-! -&*! '(! 2&-! +,-&-!
7^-! +&7?*(-! (*! 2,! +&*-?2B,8! :?! '#,3*[-B#+&! (-! +24*#+&! Z! *&!
*(+(-#B,! 7?(-B%(&! '(! 2,$&%,B&%#&8! ",-! +&*'#+#&*(-! #*_(++#&-,-!
'(! 2,! a?2a,! -(! '(B,22,*! 5,%,! ,Z?',%! ,2! 7/'#+&! ,! ,',5B,%! (2!
B%,B,7#(*B&0!'(B(+B,%!2,!5%(-(*+#,!'(!?*!+?(%5&!(<B%,\&!&!B%,B,%!
,'(+?,',7(*B(!?*,!#*_(++#[*!$,+B(%#,*,8!
k23?*,-!+&*'#+#&*(-!a?2a,%(-!*&!#*_(++#&-,-!Z!2,-!]?(!,_(+B,*!
!``!PQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,2!+24B&%#-!B#(*(*!5,%B#+?2,%#','(-!5('#^B%#+,-8
G2!(-B?'#&!'(!#7^3(*(-!5(%7#B(!2,!&%#(*B,+#[*!(B#&2[3#+,!+&*!
%(-5(+B&! ,! '#_(%(*B(-! (B#&2&34,-0! (2! B%,B,7#(*B&! '(! (7(%3(*+#,!
'(!?*!,*(<&0!2,-!+,%,+B(%4-B#+,-!'(!?*!]?#-B(!&a^%#+&0!(2!B#5&!'(!
B(Y#'&!B?7&%,2!&%3^*#+&!Z!-?!&%'(*!'(!_%(+?(*+#,8
",!,*,B&74,!'(!2,-!5,%B(-!3(*#B,2(-!_(7(*#*,-!#*B(%*,-!(*!2,!
-(3?*',!_,-(!'(!2,!#*_,*+#,!B#(*(!+,7$#&-!3%,'?,2(-!-(+?*',%#&-!
,!2,!5%(-(*+#,!'(!2&-!(-B(%&#'(-!-(<?,2(-0!]?(!(-!?*,!'#_(%(*+#,!
#75&%B,*B(! (*! %(2,+#[*! +&*! 2,-! 7?Y(%(-! ,'?2B,-8! :(! *(+(-#B,!
+&*&+(%!,]?(22,-!+&*'#+#&*(-!,!B%,a/-!'(!2,!(+&3%,_4,0!7#-7,!]?(!
,5%&$,%^!(<^7(*(-!5&-B(%#&%(-!5,%,!',%!?*,!$?(*,!,B(*+#[*!Z!
'#,3*[-B#+&!,!2,!5,+#(*B(8
`! G2!'(-,%%&22&!5%(+&@!&!%(B%,-,'&!'(!2&-![%3,*&-!-(<?,2(-8
`! 1(*#B,2(-!,B45#+&-
`! :,*3%,'&!a,3#*,28
`! .,-,-!,*(<#,2(-8
!``!PS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
#*B(%/-!+24*#+&8!9?%,*B(!a,%#&-!,\&-!(*!(-B,!5,%B(0!(2!?2B%,-&*#'&!
-#3*#e+,$,!?*,!*?(a,!_&%7,!'(!>,+(%!Z!a(%i!Z0!5&%!2&!B,*B&0!?*,!
*?(a,!_&%7,!5,%,!#'(*B#e+,%!2&-!7c2B#52(-!5%&+(-&-!5,B&2[3#+&-!
]?(!,_(+B,*!(2!-#-B(7,!3(*#B,2!_(7(*#*&8!
G*! *#*3c*! &B%&! +,75&! '(! 2,! 7('#+#*,! -(! >,! ,2+,*@,'&! B,*!
,2B,! (e+#(*+#,! (*! 2,! #752(7(*B,+#[*! '(! (-B?'#&-! %?B#*,%#&-!
#*&_(*-#a&-!Z!*&!#*a,-#a&-0!2,!(+&3%,_4,!>,!-#'&!?*,!+&*B%#$?+#[*!
,!2,!5%&7&+#[*!3(*(%,2!'(!2,!-,2?'!'(!2,-!7?Y(%(-8!
j*!?2B%,-&*#'&!-#752(!'(2!,$'&7(*!+&*!?*,!-&*',!,$'&7#*,2!
5%&5&%+#&*,!(*!?*&-!7#*?B&-!',B&-!-&$%(!(2!cB(%&!Z!2&-!&a,%#&-0!
2&!+?,2!(%,!%(,27(*B(!#75(*-,$2(!>,+(!-[2&!VN!,\&-!,B%^-8!k!B&'&!
(-B&0!-(!,3%(3,%&*!&B%,-!+&*-#'(%,+#&*(-!*&!7(*&-!#75&%B,*B(-!
a#*+?2,',-!,2!(*B&%*&!,*,B[7#+&!'(!2&-![%3,*&-!3(*#B,2(-i!(*B%(!
(2! +?,2! 5?('(! &! *&! #*+2?#%! 2,! 5%(-(*+#,! ,-+#B#-0! 5(%#-B,2B#-7&!
#*B(-B#*,20!(2!3%&-&%!'(2!(5#52[*!Z!2,!a#-#[*!'(2!%(B%&5(%#B&*(&8
d&'&!(2!3%,*!#*B(%/-!Z!,Z?',!'#,3*[-B#+,!(*!2&-!c2B#7&-!,\&-!
-(! >,! 5(%_(++#&*,'&! Z! 7&'(%*#@,'&! ?-,*'&! (+[3%,_&-! +&*!
,2B,! %(-&2?+#[*0! ?-&! _%(+?(*B(! '(! -&*',-! a,3#*,2(-! ,'(7^-! '(!
-?7,%!(2!?-&!%(+#(*B(!'(!?2B%,-&*#'&!B%#'#7(*-#&*,2!gV9!Z!U9h0!
]?(! 5%&5&%+#&*,! ?*,! a#-#[*! (-B(%(&-+[5#+,! Z! a&2?7/B%#+,! '(!
,*,B&74,!Z!5,B&2&34,!3(*#B,20!Z!e*,27(*B(!-(!&$B#(*(0!'($#'&!,2!
(_(+B&!9&552(%0!?*,!(-5(+#(!'(!7,5(&!'(!3%,*!?B#2#','!5%^+B#+,!
(*! 2,! #*B(%5%(B,+#[*! '(! 2,! *,B?%,2(@,! 7,2#3*,! &! $(*#3*,! '(!
+?,2]?#(%!B?7&%!3#*(+&2[3#+&8!
!``!PT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,9F36?25=469F23+?2+>=+249@5=H^=+2F+F6B=3+C+=?9>2342F823
,9F36?25=469F23+52372489+=+>=+8\4F64=
G-B(! (-B?'#&! 5(%7#B(! ?*,! a#-#[*! 32&$,2! '(! 2,! ,*,B&74,0! 2,!
_&%7,! Z! (2! B,7,\&! '(! 3(*#B,2(-! #*B(%*&-0! 7^-! 5,%,! &$B(*(%! 2,!
a#-?,2#@,+#[*! [5B#7,! '(! (-B&-0! 2,! 5,+#(*B(! '($(! B(*(%! -?! a(Y#3,!
22(*,0!5?(-!2&-!24]?#'&-!,+Bc,*!+&7&!?*,!a(*B,*,!,+c-B#+,!]?(!
5(%7#B(!2,!a#-?,2#@,+#[*!cB(%&!Z!&a,%#&-8!
",!#*3(-B,!'(!24]?#'&-!(-!*(+(-,%#,!5,%,!+&7(*@,%!,2!7(*&-!
'(!M!,!Q!>&%,-!,*B(-!'(2!(<,7(*8!G-!#75&%B,*B(!+&*-#'(%,%!]?(!2,!
a(Y#3,!'($(!(-B,%!22(*,!Z!*&!'#-B(*'#',!5&%]?(!5?('(!7&'#e+,%!
2,!#7,3(*!%(-5(+B&!,!2,!_&%7,!'(2!cB(%&!Z!+&*!(-B&!-(!B(*'%4,!?*,!
#*B(%5%(B,+#[*!(%%[*(,!(*!(2!(<,7(*8
:(!+&*-#'(%,!?*,!a(Y#3,!+&*!?*!22(*,'&!,'(+?,'&!-#!-(!2&3%,!
a(%! ?*,! 5,%('! 2#-,! Z! ?*! 3%&-&%! '(! 7(*&-! '(! V! 7#247(B%&-8! :(!
+&*-#'(%,! ]?(! 2,! a(Y#3,! (-B^! 22(*,! ,'(+?,',7(*B(! +?,*'&!
22(3,! VU! '(! -?! +,5,+#','! B&B,2! &! +?,*'&! 2&-! &a,%#&-! -(! 5?('(*!
#'(*B#e+,%!-#*!*#*3?*,!'#e+?2B,'8
G2!?-&!'(!B%,*-'?+B&%(-!'(!W!,!P!.l@!'(2!B#5&!2#*(,2!5,%,!2,!
(a,2?,+#[*!'(!$($/-!Z!%(+#/*!*,+#',-!(-!2&!7^-!-?3(%#'&i!Z0!'(!V!,!
W!.l@!'(!B#5&!+&*a(<&!(*!,'&2(-+(*B(-8!G*!(2!+,-&!'(!2,-!5,+#(*B(-!
-#*!+&*B%&2!'(!2&-!(-_4*B(%(-0!'($(!(a,2?,%-(!#*B(%7#B(*B(7(*B(!
!``!QW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
>,-B,!&$B(*(%!?*!22(*,'&!,'(+?,'&8!G*!5,+#(*B(-!]?(!*&!5?(',*!
#*3(%#%! 24]?#'&-! 5&%! ,23?*,! -#B?,+#[*! (*! 5,%B#+?2,%! -(! 5?('(!
,'7#*#-B%,%! 5&%! a4,! #*B%,a(*&-,! &! #*-(%B,*'&! ?*,! -&*',! (*! 2,!
a(Y#3,8!
,9F36?25=469F23+52372489+=+>=+`369>9@^=
",! ,*,B&74,! '(! 2,! 7?Y(%! (*! 2&-! 3(*#B,2(-! #*B(%*&-! 5%(-(*B,!
+,7$#&-! (*! B&'&! (2! '(-,%%&22&8! G*! 2,! (B,5,! *(&*,B,20! (2! cB(%&!
(-! #75&%B,*B(0! -(+?*',%#&! ,2! (_(+B&! >&%7&*,2! 7,B(%*&! Z!
52,+(*B,%#&8!
G2!'#^7(B%&!,*B(%&5&-B(%#&%!'(2!_&*'&!?B(%#*&!(*!+&75,%,+#[*!
+&*!(2!+?(22&!?B(%#*&!7,*B#(*(!?*,!%(2,+#[*!'(!MKQ8!",!2&*3#B?'!
'(2! cB(%&! (-! '(! ,5%&<#7,',7(*B(! V8W! +7! Z! ?*! '#^7(B%&!
,*B(%&5&-B(%#&%! '(! M8U! +78! ",! 24*(,! (*'&7(B%#,2! (-! (+&3/*#+,!
'?%,*B(!2,-!5%#7(%,-!-(7,*,-!'(!a#',8!"&-!&a,%#&-!-(!7?(-B%,*!
+&*!a,%#&-!_&24+?2&-0!7(*&-!'(!MN!770!+&*-#'(%,'&-!*&%7,2(-!
(*!(-B,!_,-(i!Z0!(2!a&2?7(*!'(2!cB(%&!(-!'(!Q8O!,!U!72!Z!&a,%#&-!'(!
M!,!V8O!728
9?%,*B(!(2!-(3?*'&!,\&!'(!a#',!>,Z!?*!$,Y&!*#a(2!'(!b:l0!5(%&!
2,!-(+%(+#[*!5?2-^B#2!5(%-#-B(!(*!*#a(2(-!$,Y&-0!2&!]?(!'(B(%7#*,%^!
2,!5%(-(*+#,!'(!_&24+?2&-!,*B%,2(-!(*!2,!(B,5,!'(!2,!5?$(%B,'!+&*!
?*!,-5(+B&!?*#2&+?2,%!-#752(!Z!3(*(%,27(*B(!~P!778
G2! cB(%&! (*! 2,! 5?$(%B,'! (-! '(23,'&! Z! '(! _&%7,! B?$?2,%0! (2!
'#^7(B%&!,*B(%&5&-B(%#&%!'(2!+?(%5&!?B(%#*&!#*_(%#&%!(-!#3?,2!,2!
+?(22&!+&*!?*,!%(2,+#[*!5&-B(%#&%!L!+(%a#+,2!'(2!cB(%&!'(!MKM8!k!
a(+(-0!-(!5?('(!7,*B(*(%!?*!5%('&7#*#&!'#-+%(B&!'(2!+?(22&!5&%!
(*+#7,!'(2!_&*'&!'(2!cB(%&8
!``!QV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
G2!(*'&7(B%#&!*&!-(!7?(-B%,!(*!(-B,!(B,5,0!5(%&!-(!5?('(!a(%!
?*,!24*(,!(+&3/*#+,!-#!(2!B%,*-'?+B&%!B#(*(!,2B,!_%(+?(*+#,8
G2! cB(%&! 5?$(%,2! B#(*(! 2,! 7#-7,! +&*e3?%,+#[*! ]?(! (*! 2,-!
7?Y(%(-!,'?2B,-0!(*!_&%7,!'(!5(%,0!2,!5%&5&%+#[*!L!+?(22&!#*_(%#&%!
-(!#*a#(%B(0!+&*!?*!5%('&7#*#&!'(2!_&*'&0!-#(*'&!QKM!,!VKM8!",-!
'#7(*-#&*(-!(*!(-B,!(B,5,!-&*!2&*3#B?'#*,2(-!'(!W!,!S!+70!,*+>&!
'(! V! +7! Z! ,*B(%&5&-B(%#&%! M0! W! +78! ",! 24*(,! '(2! (*'&7(B%#&!
+,7$#,!(*!-?!3%&-&%!Z!(-!5&-#$2(!a(%2,!'(5(*'#(*'&!'(!2,!(B,5,!
'(2! +#+2&8! "&-! &a,%#&-! (*! (-B,! (B,5,! B#(*(*! ?*! a&2?7(*! +?Z&!
%,*3&!a,%4,!'(!Q8W!,!QN!++0!-(3c*!2,!_,-(!'(2!+#+2&8
,9F?6469F23+23724^`4=3
$23=559>>9+2F+>=+7;Z258=?
!``!QX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
$6D2F369F23+=759G6D=?=3+?2+>93+E5@=F93+6F825F93+2F+
52>=46EF+49F+>=+28=7=+?2+?23=559>>9
.#+i+X+=B93 M527;Z25=> M;Z25=>
B(%&!2&*3#B?'#*,2 VW! ~!UN!77 UN!77
;&2?7(*!&a^%#+&!U!ga&2?7(*q2,%3&!<!,2B&!<!,*+>&!<!N8WQVVh
",!?B#2#','!'(2!9&552(%!(*!(-B,!5&$2,+#[*!'(!5,+#(*B(-!(-!a#B,2!
5,%,! &$-(%a,%! 2&-! +,7$#&-! ]?(! -(! ',*! (*! '#-B#*B,-! (B,5,-! '(2!
'(-,%%&22&!'(!2&-![%3,*&-!-(<?,2(-!#*B(%*&-8!G-!?*,!7&'#e+,+#[*!
5%&3%(-#a,!'(!2,!+?%a,!'&552(%!'(!2,-!,%B(%#,-!?B(%#*,-!(*!%(2,+#[*!
+&*! 2,! 5?$(%B,'8! )&*! ?*,! '#-7#*?+#[*! '(! 2,! 5%(-#[*! ,%B(%#,2! ,!
7('#',!]?(!,a,*@,!(2!'(-,%%&22&!'(!2,!5?$(%B,'8
M8! d#5&! '(! ,2B,! %(-#-B(*+#,K!d#(*(! ?*,! &*',! '(! f?Y&! -#-B[2#+&!
,*3&-B&0!5(%&!(2!f?Y&!'#,-B[2#+&!(-!#*(<#-B(*B(!(*!?*!5%&7('#&!'(!
(','!'(!R!,\&-!Z!P!7(-(-0!(-B&!-(!%(2,+#&*,!+&*!2,!(B,5,!5%(!5?$(%,28
!``!QJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
Q8! I*',! '(! f?Y&! -#-B[2#+,K! G*! 2,-! (','(-! '(! MM! ,\&-! -(!
(*+?(*B%,!?*,!'#,-B[2#+,!#*B(%%?75#',!
V8! E,Y,!%(-#-B(*+#,K!G-B,!5&-((!?*!f?Y&!-#-B[2#+&!5%(-(*B(!Z!
'#,-B[2#+&! +&*B#*?&! (*! (','(-! 5%&7('#&! '(! MQ! ,\&-! Z! P! 7(-(-!
5&%]?(!(-B^!#*>(%(*B(!,!2,!7(*,%]?#,8
&2F=5_;6=+32@YF+>=3+4;5K=3+2D7>2=?=3
!M!g,2B,!%(-#-B(*+#,h :#*!7(*,%]?#,
Q!g&*',!-#-B[2#+,!Z!'#,-B[2#+,! :#*!7(*,%]?#,
#*B(%%?75#',h
d#5&-
V!g$,Y,!%(-#-B(*+#,h k2%('('&%!'(!2,!7#B,'!'(!
2,-!5,+#(*B(-!5%(-(*B,*!
7(*,%]?#,
1236EF+=F2G6=>
!``!QN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",-!2(-#&*(-!,*(<#,2(-!7^-!+&7?*(-!-&*!(*!(2!&a,%#&!Z!(*!(2!
-(3?*'&!5?(-B&!'(!_%(+?(*+#,!-(%4,!2,!2(-#[*!5,%,!&a^%#+,!&!5,%,!
B?$^%#+,!5?(-!%(5%(-(*B,!(2!V!&!Uz!'(!2,-!+#%?34,-!'(!&a,%#&!(*!
7?Y(%(-0!(*!2,!(B,5,!#*_,*B&!T!Y?a(*#28!
G*!2(-#&*(-!&a^%#+,-0!5&'(7&-!(*+&*B%,%!2&!-#3?#(*B(K
`! D&!*(&52^-#+,-!&!_?*+#&*,2(-K!G-B(!3%?5&!(-B^!+&*_&%7,'&!
5&%!]?#-B(-!'(!+?(%5&!2cB(&0!]?#-B(-!_&2#+?2,%(-0!2(-#&*(-!
a,-+?2,%(-0! (*'&7(B%#&7,-! ,'(7^-! #*+2?#%! #*_,%B&! &!
B&%-#[*!>(7&%%^3#+,8
`! ",! (+&3%,_4,! (-! (-(*+#,2! 5,%,! '(B(%7#*,%! 2,-! ,++#&*(-! ,!
B&7,%!(*!(-B(!!B#5&!'(!2(-#[*!Zi!5&%!2&!B,*B&0!-(!'($(*!(a#B,%!
+#%?34,-!#**(+(-,%#,-!]?(!5&'%4,*!-(%!?*!',\&!5&B(*+#,2!
,! 2,! _?B?%,! _(%B#2#','! '(! 2,-! 5,+#(*B(-8! G-! %(+&7(*',$2(!
%(,2#@,%!?*!-(3?#7#(*B&!(+&3%^e+&!,2!7(-!&!7(-!Z!7('#&!
+&*!-&-5(+>,!'(!2(-#&*(-!_?*+#&*,2(-8
`! D(&52^-#+,-K!G-B(!B#5&!'(!2(-#[*!-?(2(!-(%!$(*#3*,-!(*B%(!
(2!WN!,!ON!z!'(!2&-!+,-&-!5('#^B%#+&-8
`! d?7&%(-! '(! +/2?2,-! 3(%7#*,2(-K! G2! 7^-! +&7c*! (-! (2!
B(%,B&7,! 7,'?%&! ]?(! -(! 5%(-(*B,! (*! QLV! '(! +,-&-! '(!
*(&52,-#,-! &a^%#+,-8! G*! (-B?'#&-! (+&3%^e+&-! -(! 7?(-B%,!
+&7&!?*!B?7&%!-[2#'&0!+&*!+&*B(*#'&!7?Z!>(B(%&3/*(&0!
]?(!5?('(!+&*B(*(%!*['?2&-!>#5(%(+&3/*#+&-8
!``!QO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
T!d?7&%(-!7,2#3*&-K!l,Z!?*,!7,Z&%!#*+#'(*+#,!'(!B?7&%(-!
7,2#3*&-! '(! &a,%#&! '?%,*B(! 2,! 5%(! 7(*,%]?#,0! ?-?,27(*B(!
'(! &%#3(*! 3(%7#*,2i! '(! 2&-! +?^2(-! 2&-! 7^-! +&7?*(-! -&*!
'#-3(%7#*&7,!Z!B(%,B&7,!#*7,'?%&8
l;63823+9Kb56493+2F+7=462F823+H28=>23+9+5246\F+F=46?=3
",!5%(-(*+#,!'(!]?#-B(-!&a^%#+&-!(*!_(B&-!Z!%(+#/*!*,+#',-!(-!
7?Z! _%(+?(*B(0! 5?(-! ,2%('('&%! '(2! VUz! '(! 2,-! %(+#/*! *,+#',-!
B#(*(*!]?#-B(-!&a^%#+&-!'(!,2!7(*&-!MN!770!-(3c*!2&-!%(-?2B,'&-!
'(!2,-!,?B&5-#,-!Z!?*,!#*+#'(*+#,!'(!M!5&%!+,',!Q8OQW!*,+#7#(*B&-0!
B(*#(*'&! (*! +?(*B,! ]?(! 2&-! '(! 7^-! '(! Q! +7! '(! '#^7(B%&! -&*!
+&*-#'(%,'&-!!5,B&2[3#+&-8
`! .(*#*3&+(2(!,*B(%#&%8
`! "#*_,*3#&7,8
!``!QP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! 1,-B%&#*B(-B#*,28
`! 1(*#B&?%#*,%#,8
",!7,Z&%4,!-&*!-#752(-0!?*#2,B(%,2(-!Z!-(!'(B(+B,*!'?%,*B(!(2!
B(%+(%! B%#7(-B%(8! G2! '#,3*[-B#+&! '(! ?2B%,-&*#'&! '?%,*B(! 2,! a#',!
_(B,2!(-!$,-,'&!(*!2,!5%(-(*+#,!'(!U!+%#B(%#&-K
M8! :(<&!_(7(*#*&8
Q8! G-B%?+B?%,!]?4-B#+,!'(!+&*B&%*&!#%%(3?2,%!_?(%,!'(!2,!24*(,!
7('#,8
V8! d%,+B&!3,-B%&#*B(-B#*,2!Z!?%#*,%#&!'(!,5,%#(*+#,!*&%7,28
U8! A%(-(*+#,!'(2!-#3*&!'(!2,!$?%$?Y,8
",!(+&3%,_4,!*&-!5(%7#B(!(a,2?,%!-#!(2!]?#-B(!(-!+&752#+,'&!
&!*&i!(*!(2!+,-&!'(!2&-!*&!+&752#+,'&-!(-B&-!B#(*(*!?*,!5,%('!
'(23,',! Z! -&*! ,*(+&3/*#+&-0! 7#(*B%,-! ]?(! (*! 2&-! +&752#+,'&-!
-&*!5&%!>(7&%%,3#,!#*B%,]?4-B#+,!&!B&%-#[*0!-(!5?('(!a#-?,2#@,%!
+&*B(*#'&!>#5(%(+&3/*#+&0!5,%('!e*,!>#5(%(+&3/*#+,0!B,$#]?(-!
e*&-!&!24]?#'&!T!'(B%#B&!(*!(2!#*B(%#&%!'(!(-B&-8!G-B(!c2B#7&!(-!(2!
#*'#+,'&%!5&%!(<+(2(*+#,!'(!B&%-#[*8
.,2_&%7,+#&*(-!cB(%&!a,3#*,2(-
",! (+&3%,_4,! 5/2a#+,! 5?('(! -(%! 7?Z! cB#2! 5,%,! 3?#,%! (2!
'#,3*[-B#+&! (*! (-B&-! +,-&-! '(! 7,2_&%7,+#&*(-! cB(%&a,3#*,2(-i!
-#*!(7$,%3&0!(<#-B(*!Q!B#5&2&34,-!,*B(!(-B(!_(*[7(*&K
M8! I$-B%?+B#a&-K!G*!2,-!5,+#(*B(-!5%(5?$(%,2(-!Z!5?$(%,2(-0!
(2! ?2B%,-&*#'&! 5%&$,$2(7(*B(! 7&-B%,%^! ?*! a#(*B%(! Z! L! &! ?*,!
a,3#*,! %(2,Y,',! 5&%! +&*B(*#'&! ]?(! *&! 5?('(! -(%! '%(*,'&8! G-B&!
-(!5?('(!',%!5&%!2,!5%(-(*+#,!'(!>#7(*!#75(%7(,$2(0!B,$#]?(!
a,3#*,2!&!,B%(-#,0!(*B%(!&B%,-!5&-#$2(-!5,B&2&34,-8
:(!'($(!B(*(%!(*!+?(*B,!(2!%(f?Y&!a(-#+&a,3#*,2!(*!2&-!+,-&-!
]?(! -(! (*+?(*B%(! -&$%('#-B(*-#[*! (*! 2,! a(Y#3,! (*! 5,+#(*B(-!
+&*!&$(-#','!&!'?%,*B(!2,!(+&3%,_4,i!-?%3(!?*!>#'%&+&25&0!(-B,!
!``!QQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
#7,3(*!-?3#(%(!]?(!>,Z!&$-B%?++#[*!(*!2,!a,3#*,!'(!&%#3(*!*&!
&%3^*#+&8!G*!(-B&-!+,-&-0!-(!'($(!5('#%!,!2,!5,+#(*B(!]?(!a,+4(!
2,!a(Y#3,0!(a,2?,%!*?(a,7(*B(!Z!+&*e%7,%!&!(<+2?#%!&$-B%?++#[*!
(-B%?+B?%,2!-&-5(+>&-,8
A&%!c2B#7&0!(*!2,!(+&3%,_4,!-(!'($(!+&*e%7,%!&!'(-+,%B,%!2,-!
3[*,',-0!5%&-(3?#%!$?-+^*'&2,-!(*!(2!+&*'?+B&!#*3?#*,2!(*!+,-&!
'(!*&!%(+&*&+(%2,-!(*!2,!@&*,!5(2a#,*,8
&=>H95D=469F23+Y8259K=@6F=>23
(6793 ,=5=4825^3864=3
I$-B%?+B#a,- ;#(*B%(!ZL&!a,3#*,!'#-B(*'#',8
)&*B(*#'&!]?(!*&!5?('(!'%(*,%-(8
A%(-(*+#,!'(!&B%,-!5,B&2&34,-!]?(!+&752#+,*!(2!
+?,'%&8
D&!&$-B%?+B#a,- A%(-(*+#,!&!,?-(*+#,!'(2!cB(%&8
Ga,2?,+#[*!'(!2,!+,a#','!(*'&7(B%#,28
:(!>,+(!?-&!'(!2,!(+&3%,_4,!5,%,!-,$(%!2,!5%(-(*+#,!&!
*&!'(!3[*,',-8
:(!(<,7#*,*!2&-!%#\&*(-!5&%!+&7&%$#2#','(-8
!``!QS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
(9536EF+%F2G6=>
"&-!%(-?2B,'&-!]?(!-?3#(%(!2,!(+&3%,_4,!#*'#+,*!]?(!2,!B&%-#[*!
,'Y?*B&!,!(-B,!(B,5,!'(!2,!a#',!(-!2&!7#-7&!]?(!-(!5?('(!a(%!(*!
,'?2B,-0! 2,! '#_(%(*+#,! 2,! 7,%+,! (-! 2,! %?B,! (*! 2,! ]?(! -(! B&7,! (2!
(<,7(*8! A&%! +&*-#3?#(*B(0! 2&-! ]?(! 5?('(*! -(%! &$-(%a,'&-! 5&%!
a4,!5/2a#+,!-&*K
`! k?7(*B&!'(2!B,7,\&!,-#7/B%#+&!'(2!&a,%#&0!7#-7&!]?(0!(-!
U!+7-!'(!'#_(%(*+#,!(*!%(2,+#[*!,2!&a,%#&!+&*B%,2,B(%,20!
(*!+,-&!]?(!(2!a&2?7(*!-(,!,2%('('&%!'(!V!a(+(-!!&!7^-!
'(2! &a,%#&! +&*B%,%#&8! G2! +%(+#7#(*B&! 5?('(! 22(3,%! ,! -(%!
>,-B,!QS!a(+(-!7^-!'(!2&!*&%7,20!2&!+?,2!2&!+&*a#(%B(!(*!
?*!,-?*B&!'(2#+,'&!,2!7&7(*B&!'(!(a,2?,%!,!2,!5,+#(*B(8
`! j$#+,+#[*!,*&%7,20!(-B&!>,+(!%(_(%(*+#,!,!]?(!(2!&a,%#&!
5?('(!?$#+,%-(!(*!24*(,!7('#,!&!'(-52,@,%-(8
`! Ia,%#&! >#5(%(+&3/*#+&! +&*! &! -#*! '#-B%#$?+#[*! 5(%#_/%#+,!
'(!2&-!_&24+?2&-0!(-B&!-?+('(!+&7&!#*'#+,'&%!'(!?*!('(7,8
`! G*!(2!9&552(%!,!+&2&%!(<#-B(!,?-(*+#,!'(!f?Y&8
`! ! "&-! &a,%#&-! B#(*(*! ?*! '&$2(! -?7#*#-B%&! '(! f?Y&! '($#'&!
,! 2,! ,%B(%#,! ?B(%#*,! Z! &a^%#+,! (-B&! 5?('(! 3(*(%,%! ]?(! ,!
*#a(2! #7,3(*&2[3#+&! +&*! 9&552(%! ,! +&2&%! *&! -(! &$-(%a(!
,*&%7,2#','!,23?*,!(*!(2!ONz!'(!2&-!+,-&-8
`! ! G*! (2! (<,7(*! +&*! 9&552(%! (-! _%(+?(*B(! (2! (*+&*B%,%!
-#3*&!'(2!%(7&2#*&!(*!(2!2?3,%!'&*'(!(-B^!2,!B&%-#[*8
`! 9($#'&! ,2! %(_?(%@&! (*! (2! +&*B&%*&! '(! 2&-! _&24+?2&-! -(!
3(*(%,!?*!,*#22&!_&2#+?2,%8
`! IB%&-!_,+B&%(-!]?(!5?('(*!+&*B%#$?#%!,2!'#,3*[-B#+&!-&*!2,!
5%(-(*+#,!'(!24]?#'&!2#$%(!(*!2,!+,a#','!Z!2,!5%(-(*+#,!'(!
7,-,-!&!]?#-B(-!(*!(2!&a,%#&8
!``!QT!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
*^F?59D2+?2+)K=569+M9>6_;^38649
A,%,!5&'(%!(-B,$2(+(%!(2!'#,3*[-B#+&!'(2!-4*'%&7(!'(!&a,%#&!
5&2#]?4-B#+&!g:IAh!-(!+&*-#'(%,*!2&-!-#3?#(*B(-!V!+%#B(%#&-K!
M8! Ia,%#&-!'(!,-5(+B&!&!7&%_&2&34,!5&2#]?4-B#+,!g:IA!T!.h8
Q8! l#5(%,*'%&3(*#-7&!+24*#+&!&!$#&]?47#+&8
V8! I2#3&!T!,*&a?2,+#[*!+%[*#+,8
A&%!2&!B,*B&0!-(!(-B,$2(+#(%&*!2&-!-#3?#(*B(-!+%#B(%#&-K
!``!SW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,9F36?25=469F23+`F=>23
'49@5=H^=+2F+F6B=3+C+=?9>2342F823
%372489 $23456746EF
G2!5%&+('#7#(*B&!5,%,!(2!
(-B?'#&!(-!#*'#+,%2(!,!2,!
5,+#(*B(!]?(!#*3#(%,!
24]?#'&!-#*!3,-0!
2(*B,7(*B(0!5,%,!(a#B,%!
2,!'#-B(*-#[*!'(!2&-!
#*B(-B#*&-0!5?(-!5?('(!
#*B(%_(%#%!+&*!(2!(<,7(*8!
!``!SV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
:(!+&*-#'(%,!?*,!a(Y#3,!
+&*!?*!22(*,'&!,'(+?,'&!
-#!-(!2&3%,!a(%!?*,!5,%('!
2#-,!Z!?*!3%&-&%!'(!7(*&-!
'(!V!7#247(B%&-8
G2!?-&!'(!B%,*-'?+B&%(-!'(!
W!,!P!.l@!'(2!B#5&!2#*(,2!
5,%,!2,!(a,2?,+#[*!'(!
$($/-!Z!%(+#/*!*,+#'&-!(-!
2&!7^-!-?3(%#'&i!Z0!'(!V!,!
W!.l@!'(!B#5&!+&*a(<&!(*!
,'&2(-+(*B(-
H(-5(+B&!,!2,! G*!2,!(B,5,!*(&*,B,20!
e-#&2&34, (2!cB(%&!(-!#75&%B,*B(0!
-(+?*',%#&!,2!(_(+B&!
>&%7&*,2!7,B(%*,-!Z!
52,+(*B,%#,-8
9?%,*B(!(2!-(3?*'&!,\&!
'(!a#',0!(2!$,Y&!*#a(2!'(!
b:l0!5(%&!2,!-(+%(+#[*!
5?2-^B#2!5(%-#-B(!(*!*#a(2(-!
$,Y&-0!2&!]?(!'(B(%7#*,%^!
2,!5%(-(*+#,!'(!_&24+?2&-!
,*B%,2(-!(*!2,!(B,5,!'(!2,!
5?$(%B,'!+&*!?*!,-5(+B&!
?*#2&+?2,%!-#752(!Z!
3(*(%,27(*B(!~P!778
G2!cB(%&!(*!2,!5?$(%B,'!
(-!'(23,'&!Z!'(!_&%7,!
B?$?2,%0!(2!'#^7(B%&!
,*B(%&5&-B(%#&%!'(2!+?(%5&!
?B(%#*&!#*_(%#&%!(-!#3?,2!
,2!+?(22&!+&*!?*,!%(2,+#[*!
5&-B(%#&%!L!+(%a#+,2!'(2!
cB(%&!'(!MK!M8
!``!SX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
9($#'&!,2!(-B47?2&!
>&%7&*,2!(*!2,!5?$(%B,'0!
(*B%(!2&-!P!Z!MN!,\&-!(2!
+?(%5&!?B(%#*&!B#(*(!?*!
+%(+#7#(*B&!-#3*#e+,B#a&!
(*!%(2,+#[*!+&*!(2!'(2!
+?(22&!?B(%#*&8
G2!cB(%&!5?$(%,2!B#(*(!2,!
+&*e3?%,+#[*!'(!7?Y(%(-!
,'?2B,-0!(*!_&%7,!'(!5(%,0!
2,!5%&5&%+#[*!L!+?(22&!
#*_(%#&%!-(!#*a#(%B(0!+&*!
?*!5%('&7#*#&!'(2!_&*'&0!
-#(*'&!QK!M!,!VK!M8
",!?B#2#','!'(2!9&552(%!
(*!(-B,!5&$2,+#[*!'(!
5,+#(*B(-!(-!a#B,2!5,%,!
&$-(%a,%!2&-!+,7$#&-!]?(!
-(!',*!(*!'#-B#*B,-!(B,5,-!
'(2!'(-,%%&22&!'(!2&-!
[%3,*&-!-(<?,2(-!#*B(%*&-8
"(-#&*(-!,*(<#,2(- ",-!7,-,-!,*(<#,2(-!
5?('(*!B(*(%!?*!&%#3(*!
&a^%#+&0!2,-!B%&75,-!
'(!b,2&5#&0!2&-!%(-B&-!
(7$%#&*,%#&-0!(2!cB(%&!Z!(2!
B%,+B&!3,-B%&#*B(-B#*,28
",!2(-#[*!5,%,!&a^%#+,!&!
5,%,!B?$^%#+,!%(5%(-(*B,!
(2!V!&!Uz!'(!2,-!+#%?34,-!'(!
&a,%#&8
!``!SJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
X?#-B(-!&a^%#+&- ",!5%(-(*+#,!'(!]?#-B(-!
&a^%#+&-!(*!_(B&-!Z!%(+#/*!
*,+#'&-!(-!7?Z!_%(+?(*B(0!
5?(-!,2%('('&%!'(2!VUz!'(!
2,-!%(+#/*!*,+#',-!B#(*(*!
]?#-B(-!&a^%#+&-!'(!,2!
7(*&-!MN!77
A?('(*!+&752#+,%-(!
'($#'&!,!?*,!!%&B?%,!
&!B&%-#[*!3(*(%,*'&!
5%&$2(7,-!'($#'&!,!2,!
7,-,8
.,2_&%7,+#&*(-! ",-!7,2_&%7,+#&*(-!
cB(%&a,3#*,2(- 5?('(*!-(%!'(!B#5&!
&$-B%?+B#a&!Z!*&!
&$-B%?+B#a&8
d&%-#[*!,*(<#,2 G*!(2!5%&+(-&!#*#+#,20!
(<#-B(!?*!+&75%&7#-&!
+&*!(2!'%(*,Y(!a(*&-&!Z!
2#*_^B#+&0!7,*B(*#(*'&!?*!
f?Y&!-,*3?4*(&!(-B,$2(0!
]?(!+,?-,!('(7,!Z!
,?7(*B&!(*!(2!B,7,\&!'(!
2&-!&a,%#&-8!
:IA j*!(-B#7,'&!'(2!WUz!'(!2,-!
,'&2(-+(*B(-!'(-,%%&22,*!
:IA8
!``!SN!``
!"#$%&'() V
g%11%h-)*+',)-.]!0,)*+'#+M%,0'#('*+
M'$0](.0,)*
,9F36?25=469F23+@2F25=>23
M56F467=>23+E5@=F93+32G;=>23+2F+2>+32G9+H2D2F6F9
u%3,*& $23456746EF+2F+F6B=3+C+=?9>2342F823
B(%& G2!cB(%&!'(!?*,!*(&*,B&!(-!7?Z!5%&7#*(*B(0!(-B&!
-(!'($(!,!2,!,+B?,+#[*!'(!2,-!>&%7&*,-!7,B(%*,-!Z!
52,+(*B,%#,-i!(-B(!,'(7^-!+&*-B,!'(K
`!)/%a#<!3%?(-&8
`!"&*3#B?'!'(!U!+7!Z!(-5(-&%!'(!M8U!+7
G*!2,!5?$(%B,'!(2!cB(%&!*&!B#(*(!B,*B,!#*f?(*+#,!5&%!
5,%B(!'(!2,-!>&%7&*,-0!2&!+?,2!2(!',!?*!,-5(+B&!'(!
>#5&'(-,%%&22&0!(2!7#-7&0!+&*-B,!'(!2&!-#3?#(*B(K
`!b&%7,!'(!5(%,8
`!"&*3#B?'!(*B%(!W!T!S!+70!(-5(-&%!'(!W+7!Z!,*+>&!'(!
V+78
Ia,%#&- "&-!&a,%#&-!5?('(*!-(%!a#-B&-!'(!7,*(%,!B%,*-!
T!,$'&7#*,2!(*!2,!7,Z&%4,!'(!2,-!5,+#(*B(-8!G*!
(2!'(-,%%&22&!'(-+#(*'(*!'(!2,!5(2a#-0!7^-!(*!2,-!
,'&2(-+(*B(-!-(!?$#+,*!(*!2&-!a,-&-!#24,+&-8!G2!B,7,\&!
'(!(-B&-!(*!%(2,+#[*!,2!'(-,%%&22&!(-K
`!M!T!Q8U++!,2!,\&!'(!a#',8
`!M!,!Q!++!'(!M!,!S!,\&-8
`!Q!,!U!++!'(!S!,!MM!,\&-8
`!A&-B7(*,%]?#,!'(!P!,!QN!++8
!``!SO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
;,3#*, G-!+,5,@!'(!a(%-(!5&%!a4,!B%,*-!T!,$'&7#*,2!+&*!
(-5(-&%!a,%#,$2(!Z!?*,!24*(,!'(!(+&3(*#+#','8
G2!?-&!'(!2,!(+&3%,_4,!(*!2,!#*_,*+#,!Z!2,!,'&2(-+(*+#,!
5,%,!(2!(-B?'#&!'(2!cB(%&!(-!5&%K
`!:,*3%,'&!5%(5?$(%,28
`!),-&-!'(!3(*#B,2(-!,7$#3?&-8
`!9&2&%!Z!7,-,-!5/2a#+,-8
`!k-(-&%,7#(*B&!'(2!(-B,B?-!>&%7&*,28
`!k7(*&%%(,!5%#7,%#,!Z!-(+?*',%#,8
'49@5=H^=+2F+2K=>;=469F23+5;86F=56=3
'K=>;=46EF+?2>+38=8;3+j95D9F=>
`! d(2,%]?#,!!'(-,%%&22&!'(!2,-!7,7,-8
`! k*'%&,%]?#,!!'(-,%%&22&!'(2!a(22&!,<#2,%!Z!5c$#+&8
`! .(*,%]?#,!!5%#7(%!-,*3%,'&!'(2!cB(%&8
",!#*'#+,+#[*!7^-!+&7c*!'(!?2B%,-&*#'&!5/2a#+&!(*!*#\,-!Z!
,'&2(-+(*B(-!(-!2,!(a,2?,+#[*!'(!2,!5?$(%B,'!5%(+&@0!2&!+?,2!(-!
2,! ,5,%#+#[*! '(! +,%,+B(%(-! -(<?,2(-! -(+?*',%#&-! ,*B(-! '(! 2&-! S!
,\&-i!7#-7&!]?(0!-(!+2,-#e+,!(*!+(*B%,2!Z!5(%#_/%#+&8!
G2!+&7#(*@&!'(!2,!5?$(%B,'!(-!,!B%,a/-!'(!2,!32^*'?2,!,'%(*,20!
5,%,! ]?(! '(! 5,-&! ,! 2,! B(2,%]?#,! ! Z! 7(*,%]?#,! 5&%! 7('#&! '(! 2,!
>&%7&*,!(-B%,'#&2!5%&'?+#',!5&%!2&-!&a,%#&-8!",!5?$(%B,'!5%(+&@!
B(75%,*,! -(! ',! 5&%! 2,! 3&*,'&B%&5#*,! '(5(*'#(*B(i! >&%7&*,0!
]?(!(-!#'#&5^B#+,!(*!,5%&<#7,',7(*B(!(2!VNz!'(!2&-!5,+#(*B(-8
!``!SP!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
)85=3+4=;3=F823+?2+7;Z258=?+75249[+42F85=>
A%&$2(7,-! d?7&%(- )%,*(&_,%#*3#&7,-
%(2,+#&*,'&-!+&*!
(2!+(%($%& G5(*'#7&7,-
l,7,%B&7,-!B?$(%!
+#*(%(?7
G*_(%7(','(-! l#'%&+(_,2#,
+&*3/*#B,-
l#5&B#%&#'#-7&!+&*3/*#B&
6*_(++#&*(-! G*+(_,2#B#-
$,+B(%#,*,-!&!a#%,2(-
:#!,2!%(,2#@,%!?*!?2B%,-&*#'&!B(*(7&-!2,!5%(-(*+#,!'(!_&24+?2&-!
]?4-B#+&-! ,?B[*&7&-! (*! 2&-! &a,%#&-0! ?*! cB(%&! (-B#7?2,'&! Z! ?*!
_&24+?2&! '&7#*,*B(0! (-! ,2B,7(*B(! 5%&$,$2(! ]?(! (-B(7&-! ,*B(!
?*!+,-&!'(!5-(?'&5?$(%B,'!&!5?$(%B,'!5(%#_/%#+,!'($#'&!,!?*,!
3&*,'&B%&5#*,!#*'(5(*'#(*B(8!
'49@5=H^=+C+3=F@5=?9+K=@6F=>
.=Z?9D693=549D=3+K=@6F=>23
`! l#5&(+&#+,-!&!>(B(%&3/*(,-!(*!2,!a(Y#3,8
`! 1%,*!B,7,\&8
!``!SQ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
`! .,-,-!-[2#',-8
",!5%(-(*+#,!'(!7(B^-B,-#-!(*!2,!5,+#(*B(!-(%^!'(+#-#a,!5,%,!
(2!5%&*[-B#+&0!5?(-!2,-!5,+#(*B(-!5%(-(*B,*!,2%('('&%!'(!?*!PMz!
'(!-?5(%a#a(*+#,!-#*!+?,'%&!7(B,-B^-#+&8
,;25793+2G85=B93+K=@6F=>23
"&-! +?(%5&-! (<B%,\&-! (*! 2,! a,3#*,! 5?('(*! -(%! &$-(%a,'&-!
>,-B,!(2!MSz!'(!2,-!*#\,-!+&*!>(7&%%,3#,0!f?Y&!a,3#*,2!Z!>,-B,!(2!
WNz!'(!2,-!*#\,-!+&*!-,*3%,'&!a,3#*,2!-#*!f?Y&8!G*!2,!(+&3%,_4,!
(-! 5&-#$2(! -(%! a#-?,2#@,'&-! 5&%! 2,! -&7$%,! ,+c-B#+,! &! -(! 5?('(!
#*B(*B,%!5&%!7('#&!'(!2,!5,%('!5&-B(%#&%!a(-#+,28
'49@5=H^=+2F+238;?693+?2+=D2F9552=+756D=56=+C+324;F?=56=
j*,!,'&2(-+(*B(!-#*!7(*-B%?,%!>,-B,!2&-!MO!,\&-!-(!+&*-#'(%,!
?*,! ,7(*&%%(,! 5%#7,%#,i! *&! ,'%(*,%]?#,! Z! *&! B(2,%]?#,! ,! 2&-!
MU! ,\&-i! &! *&! 7(*,%]?#,! '(-5?/-! '(2! #*#+#&! '(! ,'%(*,%]?#,! Z!
B(2,%]?#,!5&%!?*!5(%#&'&!'(!V!,\&-8
G2!]?(!2,!5,+#(*B(!>,Z,!'(-,%%&22,'&!&!*&!+,%,+B(%(-!-(<?,2(-!
-(+?*',%#&-! >,+(! ]?(! (2! (-5(+#,2#-B,! >,3,! ?*! (<,7(*! '(! 2,-!
(-B%?+B?%,-!7n22(%#,*,-!+&*!?-&!'(2!?2B%,-&*#'&!,'(7^-!'(!?*!
(<^7(*! _4-#+&0! 5?(-! -&*! _?*',7(*B,2(-! 5,%,! 2&-! (-B?'#&-! '(!
2,$&%,B&%#&8
!``!SS!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
'38;?693+?2+=D2F9552=+756D=56=+C+324;F?=56=
),?-,-! :4*'%&7(!'(!d?%*(%
_%(+?(*B(-!
k*&7,24,-!.n22(%#,*,-!g?B(%&a,3#*,2(-h
H(B%,-&!+&*-B#B?+#&*,2!'($#'&!,!,*B(+('(*B(-!
_,7#2#,%(-
l#5(%52,-#,!,'%(*,2!+&*3/*#B,
),?-,-!5#B?#B,%#,-!T!>#5&B,2^7#+,-
*^F?59D2+?2+(;5F25
",-! 5,+#(*B(-! ]?(! B#(*(*! ?*! cB(%&! 5%(5?$(%,2! +&*! &a,%#&-!
*&!a#-#$2(-!&!7?Z!e*&-!(-B^*!,-&+#,',-!,!+,-&-!'(2!+,%#&B#5&!mN8!
A(%&! (*! +,-&-! ,c*! 7^-! %,%&-! 2&-! &a,%#&-! 5?('(*! -(%! *&%7,2(-!
(*! +?,*B&! ,! 2,! ,5,%#(*+#,0! (-B&! -?+('(! +&*! 2&-! +,%#&B#5&-! +&*!
7&-,#+&-8!",!5?$(%B,'!(*!2,-!5,+#(*B(-!+&*!:4*'%&7(!'(!d?%*(%!
5?('(!',%-(!(*B%(!(2!W!!Z!MWz8
%F9D=>^=3+D;>>256=F=3
`! k3(*(-#,!7n22(%#,*,-8
`! d%,-B&%*&-! '(! _?-#[*! a(%B#+,2! +&*! &! -#*! &$-B%?++#[*! !
'(_(+B&-!'(!+,*,2#@,+#[*8
`! d%,-B&%*&-! '(! 2,! _?-#[*! 2,B(%,2! +&*! &! -#*! &$-B%?++#[*!
'(_(+B&-!'(!'?52#+,+#[*8
!``!ST!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,>=36`4=46EF+?2+=F9D=>^=3+Do>>256=F=3+c75232F46=+9+F9+?2+9Z385;446EFd
D&!&$-B%?+B#a& ",-!7,2_&%7,+#&*(-!
'(!_?-#[*!2,B(%,2!5&%!2&!
3(*(%,2!#*+2?Z(*!cB(%&-!
?*#+&%*?,'&-0!'#'(2_&-0!
$#+&%*?,'&-!&!-(5B,'&-8!
:#!>,Z!B%,-B&%*&-!'(!
'?52#+,+#[*!?B(%#*,!(-!
5&%]?(!(-B^!,-&+#,'&!,!?*!
-(5B&!2&*3#B?'#*,2!a,3#*,28
!``!TW !``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
",!,7(*&%%(,!-(+?*',%#,!5?('(!-(%!5%&'?+#',!5&%!B?7&%(-!
'(2!-#-B(7,!*(%a#&-&!+(*B%,20!,'%(*,2(-!a#%#2#@,*B(-!?!&a^%#+&-i!
5&%!-#B?,+#&*(-!'(!-4*'%&7(!'(!&a,%#&!5&2#]?4-B#+&0!(7$,%,@&!&!
5,+#(*B(-!+&*!5/%'#',!'(!5(-&!7,%+,',8
`! A%(-(*+#,!'(!,2!7(*&-!MQ!_&24+?2&-8
`! ",!7('#',!_&2#+?2,%!'($(!-(%!'(!QTP778
`! ;&2?7(*!&a^%#+&!#*+%(7(*B,'&! !MN!7"8
'49@5=H^=+2F+7=462F823+49F+D=3=3+7\>K64=3+C+?9>95
",!(+&3%,_4,!(-!(2!(-B?'#&!#7,3(*&2[3#+&!'(!7,Z&%!(2(++#[*!
5&%!2&-!(-5(+#,2#-B,-!5,%,!(-B?'#,%!2&-!+,-&-!'(!7,-,-!5/2a#+,-!Z!
'&2&%!(*!*#\,-!Z!,'&2(-+(*B(-8
(9536EF+9Kb564=
G2!3#%&!'(!?*!&a,%#&!*&%7,2!-(!'($(!,!2,!7&a#2#','!(<+(-#a,!'(2!
&a,%#&!(*!2,-!5,+#(*B(-!5('#^B%#+,-i!(-!7^-!+&7c*!+?,*'&!>,Z!
2(-#&*(-!5%('#-5?(-B,-!+&7&!]?#-B(-!&!7,-,-!&a^%#+,-8!G2!&a,%#&!
!``!TV!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
]?(!-?_%(!2,!B&%-#[*!5,%(+(!,?7(*B,%!'(!B,7,\&!,+&75,\,'&!'(!
a,%#&-!_&24+?2&-!5(%#_/%#+&-8!
",!,?-(*+#,!'(2!f?Y&!'(!'&552(%!*&!(-!?*!+%#B(%#&!(-5(+4e+&!
(*!(2!'#,3*[-B#+&0!5?(-!2,!a,-+?2,%#@,+#[*!+(*B%,2!Z!5(%#_/%#+,!(*!
&B%&-!+,-&-!'(!B&%-#[*!&a^%#+,!Z,!-(!>,!a#-B&!5%(-(*B(8!G-B&!-(!',!
5&%]?(!2&-!&a,%#&-!+?(*B,*!+&*!'&$2(!#%%#3,+#[*i!*&!&$-B,*B(0!2,!
B,-,!'(!-?5(%a#a(*+#,!'(!2,!B&%-#[*!(-!7?Z!$,Y,!'($#'&!,!%(B%,-&-!
(*!(2!'#,3*&-B#+,%!(!#*B(%a(*#%8
&=3=3+9Kb564=3
"&-!+,-&-!5('#^B%#+&-!'(!7,-,-!&a^%#+,-!(-B^*!+&*_&%7,'&-!
5&%K
`! ONz!]?#-B(-!_?*+#&*,2(-8
`! UNz!*(&52,-#,-8
T! !B(%,B&7,-!7,2#3*&-8
T! }!B(%,B&7,-!7,'?%&-8
`! d?7&%(-!&a^%#+&-!7,2#3*&-8
T! ONz!,!RNz!B?7&%(-!'(!+/2?2,-!3(%7#*,2(-8
T! MN!,!QNz!B?7&%(-!(5#B(2#,2(-8
T! MNz!B?7&%(-!(-B%&7,2(-8
"&-!B?7&%(-!(5#B(2#,2(-!-&*!%,%&-0!2&-!7^-!+&7?*(-!-&*!2&-!
+#-B&,'(*&7,-! 7?+#*&-&-! Z! -(%&-&-0! -&*! 5%('&7#*,*B(7(*B(!
$(*#3*&-8! "&-! +#-B&,'(*&7,-! -(%&-&-! -?(2(*! -(%! 7,-,-!
?*#2&+?2,%(-! +&*! ?*! 3%,*! B,7,\&! ]?(! 5?('(! +&*B(*(%!
!``!TX!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
5%&Z(++#&*(-!5,5#2,%(-!&!-(5B&-8!"&-!+#-B&,'(*&7,-!7?+#*&-&-!
-&*!7,-,-!+&*!?*,!_&%7,!7?2B#2&+?2,%8!
G2!%(-B&!'(!2&-!B?7&%(-!&a^%#+&-!-&*!7,-,-!-[2#',-!+&*!&!-#*!
?*!+&75&*(*B(!]?4-B#+&!L!*(+%[B#+&i!Z0!5&%!+&*-#3?#(*B(0!B#(*(*!
?*! ,-5(+B&! #*'(B(%7#*,'&! (*! 2,-! (+&3%,_4,-8! ",! 7,2#3*#','!
(-B^! '(B(%7#*,',! 5&%! 2,! 5%(-(*+#,! '(! ,-+#B#-0! '#-(7#*,+#[*0!
7(B^-B,-#-!&!!#752,*B(-!5(%#B&*(,2(-8
l;63823+9Kb56493+j2D955b@6493
&=>H95D=469F23+K=34;>=523
G*!2,!5&$2,+#[*!#*_,*B#2!(-!'(!7,Z&%!_%(+?(*+#,!2,!5%(-(*+#,!
'(!>(7,*3#&7,-0!-&$%(!B&'&!(*!2,!5%#7(%,!#*_,*+#,8!1%,*!5,%B(!
'(!(-B,-!7,2_&%7,+#&*(-!-&*!(*!(2!#*B%&#B&!a,3#*,2!Z!2&-!2,$#&-!
7,Z&%(-8!D&!&$-B,*B(0!>,Z!7,2_&%7,+#&*(-!7?Z!5&+&!+&7?*(-!
+&7&!,*&7,24,-!2#*_^B#+,-0!a(*&-,-!&!_4-B?2,-!,%B(%#&a(*&-,-8
'FH25D2?=?+M\>K64=+0Fk=D=8956=+2F+=?9>2342F823
G2!'#,3*[-B#+&!(*!,'&2(-+(*B(-!+&*!?*,!a#',!-(<?,2!,+B#a,!-(!
%(,2#@,!+&*!2&-!-#3?#(*B(-!+%#B(%#&-K
`! .&a#2#@,+#[*!'(2!+?(22&8
`! 9&2&%!5/2a#+&8
`! b#($%(8
`! G+&3%,_4,!-&2&!5,%,!+&*e%7,%!+&752#+,+#&*(-8
!``!TJ!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
T! k$-+(-&-!B?$&T&a^%#+&-8
T! l#'%&-,25#*<8
`! G<^7(*(-!'(!2,$&%,B&%#&8
T! G-B?'#&!'(!+>2,7Z'#,!B%,+>&7,B#-8
'DZ=5=[9+248E7649+2F+=?9>2342F823
D&! (-! B,*! +&7c*! (*! 2,-! ,'&2(-+(*B(-0! 5(%&! B#(*(! ?*,! ,2B,!
7&%B,2#','! (*! (-B,! 5&$2,+#[*i! -#*! (7$,%3&0! (2! 5%&+('#7#(*B&!
'#,3*[-B#+&!(-!-#7#2,%!]?(!(*!2,-!7?Y(%(-!,'?2B,-!+&*!(<^7(*(-!
'(!2,$&%,B&%#&!'&*'(!-(!(a,2c,!2,!3&*,'&B%&5#*,!+&%#[*#+,!Z!(2!
?2B%,-&*#'&!+&7&!5,%B(!(-(*+#,2!'(2!'#,3*[-B#+&8
,9F856Z;469F23+249@5b`4=3+2F+4=393+?2+@2F68=>23+=DZ6@;93
",! (+&3%,_4,! +&*B%#$?Z(! (*! ]?(! -(! 5?('(! '(B(+B,%! (*! 2,-!
%(+#/*!*,+#',-!+&*!3(*#B,2(-!,7$#3?&-!2,!5%(-(*+#,!&!,?-(*+#,!
'(2!cB(%&8!G2!5-(?'&>(%7,_%&'#B#-7&!_(7(*#*&!(-!2,!(<5%(-#[*!
'(!'#+>,!3(*#B,2#','!,7$#3?,!5&%!>#5(%52,-#,!,'%(*,2!+&*3/*#B,8
!``!TN!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
,;=?59+?2+3^F82363+?2+7=89>9@^=3+72?6b8564=3
M=89>9@^=
:,*3%,'&!a,3#*,2
H,$'&7#&-,%+&7,-!a,3#*,2(-
)?(%5&-!(<B%,\&-!a,3#*,2(-
k7(*&%%(,!5%#7,%#,!Z!-(+?*',%#,
:4*'%&7(!'(!d?%*(%
k*&7,24,-!7?22(%#,*,-
g=>>=[@93+249@5b`493+2F+
.,-,-!5/2a#+,-!
79Z>=46EF+72?6b8564=
d&%-#[*!&a^%#+,
.,-,-!&a^%#+,-
X?#-B(-!&a^%#+&-!>(7&%%^3#+&-
.,2_&%7,+#&*(-!a,-+?2,%(-
G*_(%7(','!A/2a#+,!6*f,7,B&%#,
G7$,%,@&!(+B[5#+&
1(*#B,2(-!,7$#3?&-
G2! +?,'%&! ,*B(%#&%! (-! ?*! %(-?7(*! '(! 2,-! 5,B&2&34,-! 7^-!
+&7?*(-! (*! 2,-! 5,+#(*B(-! 5('#^B%#+,-i! -#(*'&! ]?(! '(-'(! (2!
B/%7#*&! '(2! (7$,%,@&! (+&3%^e+,7(*B(! -(! 5?('(! #'(*B#e+,%!
,*&7,24,-!(*!(2!_(B&!Z!2,-!%(+#/*!*,+#',-8!G-!*(+(-,%#&!]?(!Z,!-(,!
5&%!+&*-?2B,!%?B#*,%#,!&!'($#'&!,!-&-5(+>,!'(!?*!(*B(!5,B&2[3#+&!
!``!TO!``
!"#$%&'#()*+$'+,-)*)#)./%01%+'#+23#'-)4).1%
!``!TP!``
La ecografía se ha convertido en una
AUTORES prueba de imagen esencial en varias
especialidades médicas además de
la radiología en diferentes
especialidades (cardiología,
ginecología, urología, anestesiología,
reumatología, vascular, cirugía
digestiva, etc.). La utilidad del
ultrasonido en el campo de la
medicina interna, tanto en la
hospitalización como en la planta de
emergencia, es indiscutible.
El ultrasonido en la medicina de
emergencia está firmemente
Dr. Sergio Marlon Dr. Jhon Jairo establecido y reconocido en el
Villa Soxo Guzman Galarza proceso de diagnóstico de cualquier
paciente y el historial médico está
respaldado por dos pilares básicos
esenciales: anamnesis y examen
físico. El ultrasonido es un
instrumento para mejorar el
rendimiento de exploración, ya que
permite observar y medir múltiples
órganos que son difíciles de evaluar
con los métodos tradicionales
(inspección, palpación,
auscultación). Pero también permite
un diagnóstico efectivo en ciertas
enfermedades (enfermedad
cardíaca, patología biliar y renal,
Dra. Paola Gabriela Dr. Wilson Leopoldo trombosis venosa profunda), facilita
Jeton torres Siguencia Sanmartin el rendimiento de ciertos
procedimientos invasivos (tubos de
carretera central, toracocentesis,
paracentesis, etc.)