3UHSDUHGE, ‹E\Hur&Rusrudwlrq$Oouljkwvuhvhuyhg

3UHSDUHGE\

7KH'RFXPHQW&RPSDQ\;HUR[ *./6(XURSHDQ2SHUDWLRQV %HVVHPHU5RDG :HOZ\Q*DUGHQ&LW\

+HUWIRUGVKLUH $/+( (1*/$1'

‹E\;HUR[&RUSRUDWLRQ$OOULJKWVUHVHUYHG

&RS\ULJKWSURWHFWLRQFODLPHGLQFOXGHVDOOIRUPVDQGPDWWHUVRIFRS\ULJKWHGPDWHULDODQGLQIRUPDWLRQ QRZDOORZHGE\VWDWXWRU\RUMXGLFLDOODZRUKHUHLQDIWHUJUDQWHGLQFOXGLQJZLWKRXWOLPLWDWLRQVPDWHULDO JHQHUDWHGIURPWKHVRIWZDUHSURJUDPVZKLFKDUHGLVSOD\HGRQWKHVFUHHQVXFKDVLFRQVVFUHHQ GLVSOD\VORRNVHWF ;HUR[ä7KH'RFXPHQW&RPSDQ\äWKHGLJLWDO;äDQGDOO;HUR[SURGXFWVPHQWLRQHGLQWKLV SXEOLFDWLRQDUHWUDGHPDUNVRI;HUR[&RUSRUDWLRQ3URGXFWQDPHVDQGWUDGHPDUNVRIRWKHU

FRPSDQLHVDUHKHUHE\DFNQRZOHGJHG

&KDQJHVDUHSHULRGLFDOO\PDGHWRWKLVGRFXPHQW&KDQJHVWHFKQLFDOLQDFFXUDFLHVDQG

W\SRJUDSKLFDOHUURUVZLOOEHFRUUHFWHGLQVXEVHTXHQWHGLWLRQV

Page 2

Image 2

$Xerox 416 manual 3UHSDUHGE, ‹E\Hur&Rusrudwlrq$Oouljkwvuhvhuyhg, Frpsdqlhvduhkhuhe\Dfnqrzohgjhg$

Contents

RUN&HQWUH3UR 8VHU*XLGH FRPSDQLHVDUHKHUHE\DFNQRZOHGJHG 3UHSDUHGE\‹E\HUR&RUSRUDWLRQ$OOULJKWVUHVHUYHG \SRJUDSKLFDOHUURUVZLOOEHFRUUHFWHGLQVXEVHTXHQWHGLWLRQV 7DEOHRI&RQWHQWV 0XOWL$FFHVV&RPPXQLFDWLRQV RS\ KDQJLQJ3ULQWHUHIDXOWV QWHUQHWDDQG6FDQWRPDLO3URFHGXUH 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV 0DFKLQHHIDXOWV6HWXSV $SSHQGL$6DIHW\1RWHV$ 7DEOHRI&RQWHQWVYLLL HURRUN&HQWUH3UR8VHU*XLGH $ERXW7KLV*XLGH LQGLQJ,QIRUPDWLRQLQWKH8VHU*XLGH 6DIHW\1RWHV$SSHQGL$ 0DLQWDLQLQJWKH3URGXFW&KDSWHUDVLF7URXEOHVKRRWLQJ&KDSWHU 6SHFLILFDWLRQV$SSHQGL% 6HULDO1XPEHU3ODWH XVWRPHU6XSSRUWBbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb Lvlqvwdoohgrufrqyhqlhqfhdqgixwxuhuhihuhqfhsohdvh PDJH2ULHQWDWLRQ Rqyhqwlrqv2ULHQWDWLRQ 3RUWUDLW 62ULHQWDWLRQ HHG2ULHQWDWLRQ2ULHQWDWLRQ WDOLF7\SHIDFH 4XLFN3DWKZD\ Dxwlrqv 1RWHV+LQWV Duqlqjv 5HODWHG,QIRUPDWLRQ6RXUFHV QIRUPDWLRQDYDLODEOHIRUWKHRUN&HQWUH3URFRQVLVWVRI RUN&HQWUH3UR8VHU*XLGH 3URGXFW2YHUYLHZ 7KLVFKDSWHUSURYLGHVDQRYHUYLHZRIWKHRUN&HQWUH3UR Qwhuidqxpehupd \VWHP2YHUYLHZ5HDG\WRFRS\ $GGHGHDWXUHV Ixqfwlrqvlvdoorzhg 8VLQJHSDUWPHQW&RGHVQwhughsduwphqwfrgh 6WDQG RUN&HQWUH3UR2Q2II6ZLWFK Ljxuh 2XWSXW Rqwuro $XWRPDWLFRFXPHQW3DQHO URQW&RYHU Ljxuh RFXPHQWHHGHU$ RUN&HQWUH3UR3LXSOH$XWRPDWLF Rqwuro XQGHU$ 2Q2II6ZLWFK \SDVV RUN&HQWUH3UR6L3DQHO Rqyhqlhqfh 2IIVHW 6WDSOHU &DWFK URQW&RYHU XSOH$XWRPDWLFRFXPHQWHHGHU$ Rpsrqhqwv$XWRPDWLFRFXPHQWHHGHU$ Grfxphqwjodvv Gdpdjh \SDVV7UD\2SWLRQDO$GGLWLRQDO0HPRU\ Sdshu 3DSHU6XSSO\ RQWURO3DQHO&RPSRQHQWVDQGXQFWLRQ.H\VLjkwhqdunhq 6HOHFWWRDGMXVWWKHLPDJHFRQWUDVW 5HGXFHQODUJH TXDOLW\ LUHFW$FFHVV.H\V DffhvvwrSUHVVLQJWKHVHNH\V \ERDUG 6WDUW DjdlqHqwhuhg Ruljlqdov 0DQXDOLDO Vfuhhq Hohwh HOHWHVDQHLVWLQJFKDUDFWHUHQWU\QWHUNH\ Pdghwrwkhfxuuhqwvfuhhq 6FUROO.H\V 7KHUHDUHWKUHHIOLSSDQHOVDYDLODEOH Ryhu OLS3DQHO OLS3DQHOIxqfwlrqv Pdloixqfwlrqv 6FUROO.H\V Kdudfwhuqwulhv1XPHULF.H\SDG QVHUWDQGHOHWH.H\V Suhvvhg KDUDFWHU&RGH7DEOH6HOHFW\RXUUHTXLUHGFKDUDFWHUE\XVLQJ RU NH\DQG SUHVVQWHU@ RUN&HQWUH3UR8VHU*XLGH Qwhuqdphpd QVHUW@ 6SHHGGLDOQwhuqdphpd RUUHFWLQJ&KDUDFWHUV Ghohwhg 3UHVVHOHWH@ NH\DQGSRVLWLRQWKH Hohfwulfdorxwohw 3RZHULQJ2Q3RZHULQJ2II RFDWHWKH212VZLWFK 3UHVVOWRSRZHURQWKH 3RZHU6ZLWFK QHUJ\6DYHU/LJKW QHUJ\ 6DYHU.H\ 3RZHU6DYH6WDQGE\0RGH 6OHHS0RGHQHUJ\6DYHU 6WDQGE\0RGH 6OHHS0RGHQHUJ\6DYHU RE6WDWXV 0RGHVHdwxuhv 0DFKLQH6WDWXV HDWXUHV.H\ RE6WDWXV.H\ 0DFKLQH6WDWXV2SWLRQV 0DFKLQHVWDWXV3ULQWUHSRUW Qlwldovhwxs Hidxowvhwwlqjv 0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN Hsduwphqwfrgh 6HWWLQJVUHSRUW 6XSSOLHVRUGHUUHSRUWRfdoldwlrq Dqjxdjh $XWRWHVW Qglylgxdowhvw 3ULQWWHVWUHVXOW RUN&HQWUH3UR8VHU*XLGH 8VLQJWKHEXLOWLQPHPRU\PDQ\RSHUDWLRQVFDQEH 0XOWL$FFHVV&RPPXQLFDWLRQVUhfhlylqjdgrfxphqw 5HIHUWRWKH0XOWL$FFHVVXQFWLRQ7DEOHVWKDWIROORZ 0DLOER,QSXW 0DLOER2XWSXW 0XOWL$FFHVVXQFWLRQ7DEOH/RFDO6LQJOH&RS\ LUHFW6HQG 3ULQWLQJ LUHFW6HQG Vdph 3ULQW5HSRUW0DQXDO 0XOWL$FFHVVXQFWLRQ7DEOH30DLOER,QSXW 0DLOER2XWSXW 3ULQW5HFHLYHGLOH LUHFW6HQG 3ULQW5HSRUW$XWR RUN&HQWUH3UR8VHU*XLGH 6WDQGDUGHDWXUHV Vlghgruljlqdov RS\LQJ3URFHGXUHRDGWKH2ULJLQDOV $XWRPDWLFRFXPHQWHHGHU$DQG XSOH$XWRPDWLFRFXPHQWHHGHU$ 7KHILUVWSDJHVKRXOGEHRQ UhtxluhgWkhruljlqdov 6OLGLQJ Jxlghv 5HJLVWUDWLRQ Ruqhu RFXPHQW*ODVVGrfxphqwjodvvfryhu 6HHSDJHLI\RXDUH RS\.H\HDWXUHV.H\ 3UHVVWKHHDWXUHV.H\3UHVVHDWXUHV@ LGHQWLI\LQJZKLFKRSWLRQLVVHOHFWHG 6HOHFWWKH&RS\HDWXUHVVhohfwlrq Ljkwhqdunhqsdjh 5HGXFHQODUJHSDJH QWHUWKH4XDQWLW\ 3UHVV6WDUW 3UHVV6WDUW@DFKRULJLQDOLV VFDQQHGRQFHRQO\ Lqwrwkhvwdsohu 7KHVWDSOHUDXWRPDWLFDOO\ Vwdsohvwkhgrfxphqwv RQYHQLHQFH6WDSOHULwkwkhgrfxphqwvidfhxs JPOESDSHU7KHVWDSOHFDUWULGJHKROGVVWDSOHV SDXVHWKHFXUUHQWMREWRPDNHDFRQYHQLHQFHFRS\ 8VLQJ-RE,QWHUUXSWPDJH6KLIWDQGGJHUDVH 2XWSXW 6WDQGDUG&RS\HDWXUHV2XWSXW 2XWSXW2SWLRQV 3ODFHWKHILUVWRULJLQDORQWKH Grfxphqwjodvvdqgsuhvv 0DNLQJ&ROODWHG6HWVIURPWKHRFXPHQW*ODVV3URJUDPWKHIHDWXUHV Uhtxluhg 3UHVVVWDUWWRUHVXPH 6FDQQHWRULJLQDO RQH Dunhq 0DQXDO 7RQHU6DYHU LjkwhqdunhqLjkwhq Rdgruljlqdov LJKWHQDUNHQ2SWLRQV Rxwsxw Qodujh $XWR 3UHVHW 5HGXFHQODUJH5HGXFHQODUJH2SWLRQV 6LHIRUVLHFRSLHV Vhwwlqjvduh RUWKH$PHULFDVDQG&DQDGDWKHSUHVHW5HGXFHQODUJH $XWR3DSHU 3DSHU6XSSO\3DSHU 3DSHU6XSSO\2SWLRQV 7HW3KRWR 2ULJLQDO7\SH2ULJLQDO7\SH2SWLRQV 3KRWR PDJH6KLIW $GGHGHDWXUHVVlghg 6LGHG2SWLRQV 6LGHG2ULJLQDO!&RS\ 8VHWKHVFUROONH\ WR 2Q%RWKSDJHV 2Q%LQGHUUDVH RXQG2ULJLQDORX QG2ULJL QDO Jodvv Hdfksdjhrqdvhsdudwhvkhhwrisdshu RXQG2ULJLQDO2SWLRQV2II 7KHIHDWXUHLVXQDYDLODEOH 2Q%RWK3DJHV &RSLHVERWKSDJHVRIDQRSHQERXQGGRFXPHQWDQGSODFHV HIW0DUJLQ 5LJKW0DUJLQ PDJH6KLIWPdjh 6KL IW PDJH6KLIW2SWLRQV GJHUDVH2SWLRQV GjhudvhGjhudvh 8VHWKHVFUROONH\ WR VHOHFWGJHUDVH@DQG SUHVVQWHU@ 8S2SWLRQV LQFKFRS\SDSHU RrnohwDqglqfkruljlqdov Fruuhfwrughuwrsurgxfhderrnohw Gjhudvh RR NohwVlghg 2II 3DJHQXPEHU $QQRWDWLRQ$QQRW Dwlrq $QQRWDWLRQ2SWLRQV Ruljlqdov \GHIDXOW%XLOG-RELVVHWWR2II XLOG-REXLOG-RE 8VHWKHVFUROONH\ Wrvhohfw $GGHGHDWXUHV@ 6FDQQLQJSDJH 6HOHFWRULJLQDOVLH6FDQ Qlqjlqwrphp RU\ Vfdqqhg TXDQWLW\VHOHFWHG 6HWWLQJRQH 7KH6HWWLQJ@VFUHHQLV 6WRUH 6WRUHG-RE6WRUHG-RE 7R6WRUHD-RE 6WRUH 5HWULHYH7R5HWULHYHD6WRUHG-RE 8VHWKHVFUROONH\ WR VHOHFW$GGHGHDWXUHV@ Pdlpxp 7UDQVSDUHQF\ +HDY\ZHLJKW3DSHU7\SH2SWLRQV 8VHWKHVFUROONH\ WR VHOHFW3DSHU7\SH@DQGSUHVV QWHU@ 3ULQWLQJDFFHSWHG 0HQX0DS0HQXPDS Duhsruwirupdw 0DFKLQHGHIDXOWV KDQJLQJ&RS\HIDXOWVHidxowvhwwlqjv Lqglylgxdouhtxluhphqwv Dghidxowv RS\GHIDXOWV2ULJLQDOW\SH Ljkwhqdunhq RS\HIDXOWV 6HWWLQJV Hvfulswlrq 2ULJLQDO7\SH Rqhvlghgruljlqdov 6HWWLQJV Hvfulswlrq6LGHV,PDJHG Wzrvlghgruljlqdov RUN&HQWUH3UR8VHU*XLGH KHQWKHRUN&HQWUH3URLVFRQQHFWHGWRWKHQHWZRUN IxqfwlrqvdydlodeohirusulqwlqjFRS\LQJZLWKRXWFRUUXSWLQJDSULQWMRE 7KHRUN&HQWUH3UR3LDQG6LKDYHWKHDELOLW\WRDOORZ Qhwzrun 3ULQWLQJ3URFHGXUHUhdwhwkhrfxphqw Dssolfdwlrqv 6HOHFW3ULQW DV\RXUSULQWHU Zlqgrz 6HOHFWWKH3ULQWHUULYHUHDWXUHV6HOHFW3URSHUWLHV@IURPWKH DSSOLFDWLRQ3ULQWZLQGRZ Grzqrswlrqvdqgfkhfn Erhvsurylghglqhdfk Wdeehgiroghu ZLQGRZGLVSOD\V 3ULQWWKH-REKhqdoowkhuhtxluhgihdwxuhv VHOHFW&ORVH@ Zkhqwkhmrezdvvhqw 5HWULHYHWKH3ULQW-REResurfhvvlqjzdlw Phvvdjhv 0DFKLQHGHIDXOWV RS\GHIDXOWV Dghidxowv 0DQDJLQJ3ULQW-REV$FFHVVLQJ3ULQWHUHIDXOWV Pdloghidxowv 5HSRUWGHIDXOWV 5HPRWHVHUYLFH DQFHOOLQJD3ULQWMRE 3ULQWHUGHIDXOWVDqfhofxuuhqwmre Rufhihhg Rupihhg 6HWWLQJXSRUFHHHG Dqfhofxuuhqwmre Dqfhofxuuhqwmre Rufhihhg RufhgirupihhgRuflqjdruphhg Gjhudvh 8VLQJ-RE,QWHUUXSWVwduw KHQ\RXUFRS\MREKDV 3ULQWHUULYHUHDWXUHV RQWURO2SWLRQV 6HDUFK ZLOOJLYH\RXPRUHGHWDLOHGLQIRUPDWLRQRqwhqwv 7DNHV\RXEDFNWRWKHSUHYLRXVWRSLFVFUHHQ Pdlqsulqwhu 3ULQWHU&RQILJXUDWLRQQVWDOODEOH2SWLRQV Lqwhuplwwhqwmrevuhtxlulqjqrqvwdqgdugsdshuvlhv Wkhwrwdodprxqwlqvwdoohg 0HPRU\ ,I\RXKDYHLQVWDOOHGDGGLWLRQDOPHPRU\LQWKHSULQWHUVSHFLI\ Rslhv 3DSHU2XWSXW2IIVHWXQFWLRQ Ghshqglqjrqorfdoh 6HOHFW3DSHUGrfxphqw DEODQNVKHHWRISODLQSDSHUEHWZHHQHDFKWUDQVSDUHQF\VKHHW RswlrqVhwwlqjvlqwkhdssolfdwlrq XVHIXOZKHQ\RXSULQWLWHPVVXFKDVWUDQVSDUHQFLHVDQGZDQW 8QFROODWHG Roodwhg 6LGHG3ULQWLQJRoodwlrq 6LQJOHVLGHGSULQWLQJ7KLVLVWKHGHIDXOW Vhohfwlqjwkhsulqwhu 2XWSXWHVWLQDWLRQOdqgvfdshrulhqwdwlrq Erughu \RXW1RUPDO 3ULQWVDVWDQGDUGSDJH1RUPDOLVWKHGHIDXOW 0XOWLSOHXS 3DJHVXS Ghvljqhgzlwkfroru PDJH2SWLRQVUD\VFDOH Gldorj Shuirupdqfh 7UXH7\SHRQWVDqgvkdusfrqwudvwvehwzhhqvkdghgduhdv Irqwvzlooehgrzqordghgwrwkhsulqwhuiruhdfksulqwmre Ehfrphglvwruwhgzkhqvfdohg Udsklfv5HVROXWLRQ Lpdjh 3ULQW4XDOLW\ YHULI\LQJGRFXPHQWFRQWHQWDQGOD\RXW RDG2YHUOD\ 2YHUOD\V2YHUOD\V Lpsuryhsulqwshuirupdqfh 7RGRZQORDGDQRYHUOD\WRWKHSULQWHU 7RFUHDWHDSDJHRYHUOD\Rudooriwkhghvwlqdwlrqv 6HOHFW&UHDWH2YHUOD\WRRSHQWKH&UHDWH3DJH2YHUOD\ Ghvwlqdwlrq 6HOHFWHG2YHUOD\6WDWXV2YHUOD\&UHDWLRQ6WDWXV RYHUOD\KDVEHHQGRZQORDGHG Irqwvlqvwdoohgrqwkhsulqwhu RqwvQvwdoohgrqwv Frpsxwhu Dwwulexwhv 3ULQWRQW/LVWLQJ6WDWXV Dsulqwhuuhvlghqwirqw $GG DwhupdunvDwhupdun VHOHFW$GGWRFUHDWHDQHZZDWHUPDUN Rqwhqw Rqwv UD\VFDOH $ERXW 3RVLWLRQIURPFHQWHU GHIDXOWVHWWLQJVWRPHHW\RXUSULQWLQJQHHGV KDQJLQJ3ULQWHUHIDXOWVPdloghidxowv 5HSRUWGHIDXOWV 8VHWKHVFUROONH\ WR VHOHFW3ULQWHUGHIDXOWV@DQG SUHVVQWHU@ 6HWWLQJV Hvfulswlrq Dqfhofxuuhqwmre Rufhihhg Rupihhg 7HVWSULQW Hwhfwsdshuplvpdwfk3ULQWHUHIDXOWV Rufhihhg 5HVWRUHIDFWRU\VHWWLQJV 6HWWLQJV Hvfulswlrq Rupihhg7HVWSULQW RUN&HQWUH3UR8VHU*XLGH 6XSHUILQH 5HVROXWLRQ6WDQGDUG $GRFXPHQWJODVVIRUVLQJOHRUERXQGRULJLQDOV DLQJ3URFHGXUH7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV 7KHILUVWSDJHVKRXOGEHRQ $5/DQGVFDSH Ruljlqdosdshuvlhpxvwehghvljqdwhg$3RUWUDLW $3RUWUDLW $5/DQGVFDSH 5DLVHWKHGRFXPHQWIHHGHURU 2QFRPSOHWLRQRIWKHIDMRE QWHUQHWD.H\ HDWXUHV.H\ 6HOHFWWKHDHDWXUHV Sdjhv 5HVROXWLRQSDJH Ljkwhqdunhqsdjh 2ULJLQDOW\SHSDJH Fkdudfwhu QWHUWKHD1XPEHU\SDG IDFKDUDFWHULVQRUPDOO\ 6WDUWNH\ $FFRXQWFRGHQwhudffrxqwfrgh 3UHVV6WDUW@ Reqxpehu 6FDQQLQJSDJH 0HPRU\UHPDLQLQJ 6FDQQLQJLQWRPHPRU\Ldolqj Reqxpehu Uhshdwwkhwudqvplvvlrqsurfhgxuh 0DQDJLQJD-REV$XWRPDWLF5HGLDOLQJ DXWRPDWLFDOO\SULQWVDUHSRUWDIWHUHDFKWUDQVPLVVLRQ HUR6XSSOLHV 5HGLDO0DQXDO5HGLDO 5HGLDO3DXVHNH\0DQXDOLDO RE6WDWXV.H\ 0HPRU\ RE1XPEHUVDQFHOOLQJDD-RE MREVFXUUHQWO\VSRROHGDUHGLVSOD\HG Hohwh Hwdlo Hohwhwklvmre RefdqfhohgHUR Hohwh XLOGLQJD-RE 8VHWKHVFUROONH\ WR Vhohfwwkhruljlqdovlhdqg SUHVV6WDUW@ Hdfkruljlqdo XLOGD-RE5HVROXWLRQ 6WDQGDUG Ljkwhqdunhq $XWR GLVSOD\HGDJDLQ8VHWKH VFUROONH\ Wrvhohfw RQH@DQGSUHVVQWHU@ 8VLQJWKH3KRQHERRN LDOLQJ0HWKRGV\SDGLDOLQJ Sdxvh Rppxqlfdwlqjvhwwlqj 0DQXDOLDO2QKRRNDQG2IIKRRNLDOLQJLdoidqxpehu 5HFHLYH Rppxqlfdwlqj 5HFHLYLQJDD 5HFHLYLQJ0RGH Hvfulswlrq 6HTXHQFHRI2SHUDWLRQ 5HGXFH5HFHLYH FRS\LQJRSHUDWLRQ Wkhskrqh6HFXUH5HFHLYH Grfxphqwv Khqhqdeohgglvfdugvxs LvfdugwudGDWDPD\EHORVW Orzhusruwlrqridorqj 6XSHUILQH 6WDQGDUGDHDWXUHV5HVROXWLRQ 5HVROXWLRQRSWLRQV Ljkwhq $XWR Dunhq 0DQXDO 4XLFN3DWKZD\ Ljkwhqdunhq Looxplqdwhg Kdoiwrqhruskrwrjudsklflpdjhv LUHFW$FFHVV.H\V Fryhu OLS3DQHO&RYHU $FWLYLW\5HSRUW2SWLRQV $FWLYLW\5HSRUW3ULQWQXPEHU 7KH$FWLYLW\5HSRUWFRQWDLQVWKHGHWDLOVRIVHQGDQGUHFHLYH $OO5HSRUWV 3KRQHERRN5HSRUW3KRQHERRNUHSRUW 6SHHGGLDOV Urxsv 2QHWRXFKNH\V \1DPH3KRQHERRN5HSRUW 6SHHGGLDOV Urxsv 6SHHGLDO3KRQHERRN5HSRUW 2QH7RXFKNH\QXPEHU 2QH7RXFK3KRQHERRN5HSRUW7RSULQWWKH6SHHGLDO3KRQHERRN5HSRUW DVVLJQHGWRD2QH7RXFK.H\ $OOUHSRUWV 7RSULQWWKH2QH7RXFK3KRQHERRN5HSRUW WHP Hvfulswlrq URXS3KRQHERRN5HSRUW6SHHGGLDOV UURUVRQO\ RQILUPDWLRQ5HSRUWRqilupdwlrquhsruw RQILUPDWLRQ5HSRUW2SWLRQV Gldolqj 7RQHLDOQxpehu Vzlwfkwrwrqhgldolqj QWHUWKH&KDUJH&RGH KDUJH&RGHQXPEHUVWKDWDOZD\VUHTXLUHWKLVIHDWXUH Qwhuidqxpehuru KdlqldoKdlqgldo Ghsduwphqwhwhqvlrqvlqrwkhuorfdwlrqv Qxpehufrqilupvwkh 7LPH HOD\6HQGHOD\VHQG Dgydqfh HOD\6HQG2SWLRQV Qxpehuv 0DQXDO*URXS0DQXDOJURXS 7RUHYLHZDOLVWRIWKH Qxpehuvhqwhuhgvhohfw Hohwh 0RGLI\Idwhohskrqhqxpehu 1HWGHVWLQDWLRQ 1HWGHVWLQDWLRQ 5HYLHZOLVW RQH SuhylrxvvfuhhqVhqgvwkhgrfxphqw 7RGHOHWHDGHVWLQDWLRQIURP LUHFW6HQG Luhfwvhqg DFFHVVNH\RQIOLSSDQHO 3ULRULW\3ULRULW\ID 5HVHQG 6HQGLQJ XOOHWLQ%RDUG%R 0DLOER7KHIROORZLQJW\SHVRIPDLOERHVDUHDYDLODEOH 8VLQJWKH0DLOER,787IXQFWLRQUHTXLUHVWKDWWKHPDLOER UHDWLQJD/RFDO0DLOER 0DLOER0DLOERVHWXS Rqilghqwldo Xoohwlqerdug \SDGWRHQWHUWKH 0DLOERVHWXS&RQILGHQWLDO6HWXSSDVVZRUG Wrwklver 0DLOERVHWXS HohwhpdloerqxpehuHOHWLQJD/RFDO0DLOER 0DLOERQXPEHUPD UHGLVSOD\V 0DLOERGHOHWHG6WRULQJDRFXPHQWLQD/RFDO0DLOER Ihdwxuhvsurjudpphg 3ULQWPDLOER 6HQGWRPDLOER 3ROOIURPPDLOER Rqilghqwldo6WRUH&RQILGHQWLDO Hohwhfrqwhqwv Grfxphqwiurp 6HQGWRPDLOER 3ROOIURPPDLOERWkhsdvvzrug 6HOHFW&RQILGHQWLDO@WR HOHWLQJDRFXPHQW6WRUHGLQD/RFDO0DLOER 3ULQW&RQILGHQWLDO3ULQWLQJ 5HVROXWLRQ 6WDQGDUG / $XWR 3ULQWPDLOER 6WRUHWRPDLOER 6HQGLQJWRD5HPRWH0DLOER 6HQG&RQILGHQWLDO 7KHGRFXPHQWLVVHQWWRWKH 7R3ROOWKHGRFXPHQWIURPD 3ROOLQJD5HPRWH0DLOERERDUG@ 3UHVVQWHU@ 3ROO&RQILGHQWLDO Vhqglqjdgrfxphqw RYHU6KHHWRyhuvkhhw \ERDUGRQIOLSSDQHOWR 3ULQW 8VHWKLVRSWLRQWRSULQWDFRYHUVKHHW RYHU6KHHW2SWLRQV7KH0HQX0DSSULQWVWKHQ 5HDG\PRGH3ULQWLQJ 6HQGRSWLRQV 1XPEHURISDJHV 6HFXUHUHFHLYH Lvwhqwrgldowrqh 6XEDGGUHVV RII 6HQG2SWLRQVLvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH 6HFXUH6HQG 6HFXUH6HQG2SWLRQV 6HFXUHVHQGUURU&RUUHFW&0 8VHWKHVFUROONH\ WR VHOHFWUURUFRUUHFW&0@ DQGSUHVVQWHU@ DQGSUHVVQWHU@ UURUFRUUHFW&0UURU&RUUHFW&02SWLRQV 2II 8VHWKLVRSWLRQWRVZLWFKRIIUURU&RUUHFW0RGH 6XEDGGUHVV68% 7UDQVPLWDGRFXPHQWWRDUHPRWHVXEDGGUHVV 6XEDGGUHVVWkhvxedgguhvv Wlph RII 6XEDGGUHVV6HOHFWLYHSROOLQJ63 Vxedgguhvv 6XEDGGUHVV68% 8VLQJWKHQXPHULFNH\SDG 3ROOLQJDRFXPHQWXVLQJD6XEDGGUHVV 8VHWKHVFUROONH\ WR VHOHFW6XEDGGUHVV@DQG SUHVVQWHU@ 6HOHFWLYH3ROOLQJ63 6HOHFWLYHSROOLQJ63 8VHWKHVFUROONH\ WR VHOHFW6HQGDIWHUVFDQ@DQG SUHVVQWHU@ UURUFRUUHFW&0 RQ6HQG$IWHU6FDQ 6HQGDIWHUVFDQ 6HQG$IWHU6FDQ2SWLRQV Rqjruljlqdo 8VHWKHVFUROONH\ WR VHOHFW/RQJRULJLQDO@DQG SUHVVQWHU@ RQJ2ULJLQDO2SWLRQV 2Q 8VHWKLVRSWLRQWRHQDEOHDORQJRULJLQDOWREHWUDQVPLWWHG Sroolqjrshudwlrqvirudqlqglylgxdomre LVWHQWRLDO7RQHLVWHQWRLDO7RQH2SWLRQV 8VHWKHVFUROONH\ WR VHOHFW/LVWHQWRGLDOWRQH@DQG SUHVVQWHU@ 6HFXUHUHFHLYH 1XPEHURISDJHV 1XPEHURI3DJHV6HQGRSWLRQV Lvwhqwrgldowrqh Sdjhfrxqwlvgliihuhqw 6HFXUH5HFHLYH2SWLRQV 6HFXUH5HFHLYH0DQXDO6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV Shulrgvshflilhglqwkhghidxowvhwwlqj 3ROOLQJ 0HQXPDS 3ULQW5HSRUW6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH 3ULQWUHSRUW 3ROO 3ROOLQJ0HQXPDS 3ROOLQJ 6FDQWREHSROOHG 6HFXULW\FRGH 3ROO$GGVHFXULW\FRGH URXS3ROO 6FDQWREHSROOHG 6HQGWKHQSROO 8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV IWKH*URXSQXPEHUVWREH Dqghqwhuwkhjurxsqxpehu 0DQXDO*URXS Rswlrqvduhdydlodeohirupxowlsrooerhv 6FDQWREH3ROOHGZLWKRXWVHFXULW\RSWLRQVDVVLJQHG Jlyhqwlph 6WRULQJDRFXPHQW 6FDQWREHSROOHG0XOWLSROOER 6HFXULW\ RII 3ROORQFHER6HFXULW\ RII 6HFXUHIDQXPEHU RII 6HFXUHIDQXPEHUPD 8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV QWHU@ 7R5HSODFHRU$GGD6WRUHGRFXPHQWGrfxphqwwrehsroohg 6HOHFW6WDUW@WRVFDQWKH 6HOHFWWKHFKDQJHRSWLRQ 5HWDLQGHWDLOVXVHGSUHYLRXVO\ 7RGHOHWHDQGUHSODFHWKH 8VHWKHVFUROONH\ WR VHOHFW6HQGWKHQSROO@DQG SUHVVQWHU@ 6HQGWKHQSROOSurfhgxuh 6HOHFWDQ\DGGLWLRQDOID RQWLQXRXV3ROOLQJ Rqwlqxrxvsroo QWHUVHFXULW\FRGH QwhuydoEhwzhhqfdoo PLQ RQWLQXRXV3ROOLQJVWDUWV Uhhqwhuwkhlqirupdwlrq OhdufxuuhqwvhwwlqjvHOHWLQJ&RQWLQXRXV3ROO-REV 7RFOHDUWKHFRQWLQXRXVSROO 7KHPHQXPDSSULQWV 0HQXPDS 3ULQWLQJDFFHSWHGUhsruwirupdw Vwdwlrqvjurxsv 7875HOD\&RPPXQLFDWLRQV2ULJLQDWRU 5HOD\ 6WDWLRQ QG6WDWLRQVXSWR 6HQG5HOD\ 127$3DVVZRUGLVUHTXLUHGUHFHLYHWRD5HOD\%R 6HWWLQJXSD5HOD\6WDWLRQ 3KRQHERRNSDJH Fuhdwh 0DLOERVHWXS5HOD\5HOD\HQGQXPEHU 3UHVV3KRQHERRNNH\ 2QHWRXFKNH\ 2QHWRXFKNH\ HUR 3KRQHERRN$OSKDGLDO Urxsgldo $GGQHWQXPEHU HOHWLQJD5HOD\%R 5HOD\WUDQVPLVVLRQUHSRUW0DLOERVHWXS 0DLOERGHOHWH Uhprwhxvhu 6HOHFW0DLOERVHWXS@DQG SUHVVQWHU@ 8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG SUHVVQWHU@ Kdqjlqjdhidxowv0DFKLQHGHIDXOWV RS\GHIDXOWV Dhidxowv DghidxowvLqhprqlwru 5HFHLYHLQWHUYDO 6HWWLQJV Hvfulswlrq 3KRQHERRNVHWXS 5HFHLYHLQWHUYDO 6HWWLQJV Hvfulswlrq Lqhprqlwru$OZD\V Rshudwlrqv NH\V 6HWWLQJV Hvfulswlrq 5HVROXWLRQ Ldoprgh XVLQJWKHVFUROONH\V 6HWWLQJV Hvfulswlrq 5HGLDOVQwhuydo 1RRIUHGLDOV 6HWWLQJV Hvfulswlrq $QVZHUPRGH 0HPRU\VHQG 5HVHQGVWRUHGID 6HWWLQJV Hvfulswlrq 6HFXUHVHQGRyhuvkhhw $FFRXQWFRGH 6HWWLQJV Hvfulswlrq 6HQGKHDGHU6HQGDIWHUVFDQ 6HSDUDWRUSDJH 5HFHLYHWRPHPRU\ 6HWWLQJV6HFXUHUHFHLYH 5HIXVHMXQNPDLO 6HWWLQJV Hvfulswlrq 5HGXFHUHFHLYHLvfdughwud 5HFHLYHKHDGHU D5HSRUWV 0DLOER DpsohRGH 33ROOLQJ 6WDWXV RQILUPDWLRQ5HSRUW0HPRU\6HQG D3ROO5HOD\5HSRUWVRQILUPDWLRQ5HSRUW URXS6HQG5HSRUW 8QVXFFHVVIXO URXS3ROO5HSRUWQeuv Zkhuhdqhuururffxuuhg Uhgxfhsulqw 5HOD\2ULJLQDWRU5HSRUW5HOD\ERQXPEHU 1XPEHURISDJHVWUDQVPLWWHG 5HOD\6WDWLRQ5HSRUW Qxpehuvzkhuhdqhuururffxuuhg 5HOD\HVWLQDWLRQ5HSRUWQeuv 6XFFHVVIXOQEUV LVWRI6SHHGLDO2QH7RXFKRU*URXS Erdug RFDOWR0DLOER5HSRUW 5HPRWHWR0DLOER5HSRUW 5HOD\6WDWLRQ5HSRUWReqxpehu 0DLOERQEU 0DLOERQXPEHU 0DLOERW\SH Zdvhqwhuhg 5HFHSWLRQUHSRUWV KDQJLQJ5HSRUWVHIDXOWV5HSRUWGHIDXOWV Lqglylgxdoqhhgv RU5HFHLYHG@ $XWRSULQW 5HSRUWHIDXOWV2SWLRQV Hvfulswlrq $FWLYLW\UHSRUW Frppxqlfdwlrqvrffxu VHOHFW2II@ 2SWLRQV Hvfulswlrq DSROOUHOD\6HQGWUDQVPLVVLRQ Rqilupdwlrquhsruw RQILUP0HPRU\ 3ULQWV0HPRU\6HQG7UDQVPLVVLRQ DHIDXOW6HWWLQJ 2SWLRQVVhqguhvxowv Urxssroouhsruw 3ULQWV*URXS3ROOLQJ7UDQVPLVVLRQ UhvxowvVHOHFW$OZD\V@ UURURQO\@ 2SWLRQV Hvfulswlrq5HOD\VWDWLRQ 3ULQWVUHVXOWVIRU5HOD\ Rfdowrpdloer 2SWLRQV Hvfulswlrq 5HFHSWLRQUHSRUWVSDUW\ QWHUQHWDDQG6FDQWRPDLO Hidxow &XVWRP 7RXVHWKH,QWHUQHWDDQG6FDQWRPDLOIXQFWLRQVWKHPDLO 2YHUYLHZZrunvwdwlrqv 5HFHLYHDQGSULQWPDLOPHVVDJHVIURP3&¶VDQG QWHUQHWDDQG6FDQWRPDLO3URFHGXUH 7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV Uhtxluhg 7RUQZULQNOHGFXUOHGRUIROGHGVKHHWV 127RULQVWUXFWLRQVRQ Qwhupdlodgguhvvpd QWHUQHWD.H\HDWXUHV.H\ 6FDQWRPDLO.H\ 6HOHFWWKHHDWXUHV \SDGWRHQWHUWKHHPDLO Dgguhvvriwkhuhflslhqw \ERDUGOLS3DQHO QWHUWKHPDLO$GGUHVVMRMR#HURFRP 6HOHFWRULJLQDOVLH $ $ $ Uhtxluhvfdqqlqjxvlqjwkhgrfxphqwjodvv 6FDQQHWRULJLQDO 7KHIROORZLQJUHFHLYLQJPRGHVDUHDYDLODEOH 5HFHLYLQJ0RGH Dqgsulqwvrxwwkhpdlo 7RPDQXDOO\FKHFNLIDQHPDLOKDVEHHQUHFHLYHG $XWR5HFHLYH0DQXDO5HFHLYH 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV 3UHVVWKH5HVROXWLRQ@NH\ DQGSUHVVQWHU@ 5HVROXWLRQXvwrp Iwkhuhvroxwlrqriwkh 6HOHFW5HFHLYHUSDSHUVLH \RXNQRZWKH5HFHLYHUSDSHU VLH Ehlqjvfdqqhg 3KRWR Looxplqdwhg 2ULJLQDO7\SH.H\ LUHFW$FFHVV.H\V OLS3DQHO RUN&HQWUH3UR8VHU*XLGH Frppxqlfdwlrqv 7RPDQXDOO\SULQWDQ$FWLYLW\5HSRUW WRPDLO@NH\ 7RSULQWDOO%\1DPH6SHHGLDO2QH7RXFKDQG*URXS 3KRQHERRN5HSRUWV NH\WZLFHRUSUHVVWKH6FDQ WRPDLO@NH\ 3UHVVWKH3KRQHERRN@GLUHFW Ldoqxpehuv 7KHIROORZLQJLQIRUPDWLRQLVSULQWHGRQWKH2QH7RXFK 6DQXPEHU 6SHHGLDO*URXSRUDQXPEHUDVVLJQHGWRD2QH7RXFK RQILUPDWLRQUHSRUW2Q2IIVWDWXV Rwkwhohskrqhdqgpdlo 0DLOPRGH 5HDG\PRGH 3UHVVWKHD,QWHUQHWD@ NH\WZLFHRUSUHVVWKH6FDQ Rffxuvgxulqjwkhwudqvplvvlrq Qwhupdlodgguhvvru SUHVV3KRQHERRN RU2QHWRXFKNH\ QWHUQHWDDQG6FDQWRPDLO $SUDP 5HVROXWLRQ GSL / $XWR $GGHGIHDWXUHV Khfnpdlo3ULQWLQJD0HQX0DS Uhfhlyhghpdlov RUN&HQWUH3UR8VHU*XLGH 3KRQHERRN 7KLVFKDSWHUSURYLGHVLQVWUXFWLRQVRQSODQQLQJVHWWLQJXSDQG Dydlodeoh Rxwvlgholqh 6HWWLQJXSWKH3KRQHERRN3ODQQLQJWKH3KRQHERRN 8VHWKHIROORZLQJOLVWDVDQDLGLQSODQQLQJWKH3KRQHERRN Gldohgdiwhuwkhuhgldodwwhpswv 6HWWLQJ8S6SHHGLDO1XPEHUVUhtxluhguhsruwv QWHUWKH6SHHGLDO1XPEHU 3KRQHERRNVHWXS7R$VVLJQ6SHHGLDO1XPEHUV 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ QWHUWKHD1XPEHU Dqxpehu $OWHUQDWHIDQXPEHU Drswlrqv Pdlodgguhvv PdlorswlrqvQWHUWKH6SHHGLDO1DPH HOD\VHQG Rqilupdwlrquhsruw Lvwhqwrgldo DrswlrqvQwhudowhuqdwhidqxpehu 6XEDGGUHVV Iqrdrswlrqvduh UHTXLUHGVHOHFW2II@DQG SUHVVQWHU@ QWHUWKHPDLO$GGUHVV PdlorswlrqvRqilupdwlrquhsruw 5HFHLYHUFDSDELOLW\ 6HOHFWWKH6SHHGLDOPDLO2SWLRQV 6HOHFWRQHWRXFKNH\RU 3UHVV175LIGRQH DqxpehuDrswlrqv Pdlodgguhvv Pdlorswlrqv Diwhuwkhuhgldodwwhpswv 6HWWLQJ8S2QH7RXFK.H\V7R$VVLJQ2QH7RXFK.H\V 8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG QWHUWKH2QH7RXFK1DPH 2QH7RXFKNH\2QH7RXFKNH\ 3UHVV2QHWRXFKNH\ RUN&HQWUH3UR8VHU*XLGH 6HOHFWWKH2QH7RXFKD2SWLRQV 6HOHFWWKH2QH7RXFKPDLO2SWLRQV QWHU6SHHGGLDOQXPEHURU 3UHVV175LIGRQH 2QHWRXFKNH\$OWHUQDWHIDQXPEHU DVVLJQHG´PHVVDJHGLVSOD\V 6HWWLQJV0RGLI\LQJRUHOHWLQJ6SHHGLDORU2QH7RXFK 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ DQGSUHVVQWHU@ ZKLFKUHTXLUHVPRGLI\LQJRU Ghohwlqj 6SHHGLDO2QHWRXFKNH\V HOD\6HQG D2SWLRQVD2SWLRQ 2SWLRQV Hvfulswlrq RQH Lvwhqwrldo 6XEDGGUHVV68% D2SWLRQ 2SWLRQV Hvfulswlrq 6XE$GGUHVVQxphulfgljlwvpdlpxp Surpswhgqxphulfgljlwv 5HFHLYHU&DSDELOLW\ PDLO2SWLRQVPDLO2SWLRQ 2SWLRQV Hvfulswlrq RQH 6HWWLQJ8S*URXS1XPEHUV Lhogv Rpphqwv 7R3UHVHW1XPEHUVWRD*URXS DQGSUHVVQWHU@ 8VHWKHVFUROONH\ WR Pdlodgguhvvvhwxs UrxsURX S Qwhujurxsqxpehu Ehhqpdgh 5HYLHZOLVW$GGQHWQXPEHU 5HYLHZOLVW Qwhuvshhggldo RURQHWRXFKNH\ VFUHHQUHGLVSOD\V 7KH*URXSVHWWLQJLQLWLDO 8VHWKHVFUROONH\ WR VHOHFW*URXSV@DQGSUHVV QWHU@ RUGHOHWHWKH³$OUHDG\DVVLJQHG´PHVVDJHGLVSOD\V QWHUWKH*URXSQXPEHUWR 0RGLI\GHVWLQDWLRQV 5HWDLQ7RHOHWHD*URXS 7KH*URXSQXPEHULVGHOHWHG KHQ\RXKDYHFRPSOHWHG HUR6XSSOLHV Hohwh 0RGLI\0RGLI\LQJD*URXS 8VLQJWKHVFUROONH\VVHOHFW LOOLQJRXWWKH2QH7RXFK/DEHO 2QH7RXFKNH\V 8VLQJ6SHHGLDOLQJ 8VLQJWKH3KRQHERRN6SHHGLDOLQJ 6SHHGLDOLQJ $OSKDLDOLQJ Urxsldolqj 2QH7RXFKLDOLQJ 3KRQHERRNV $OSKDLDOLQJ8VLQJ$OSKDLDOLQJ 6DOHV $OSKDGLDO6SHHGGLDO 6DOHVHSDUWPHQW 6XSSOLHV 8VLQJ*URXSLDOLQJ UrxsldolqjUrxsgldo 6SHHGGLDO $OSKDGLDO 8VLQJ2QH7RXFKLDOLQJ 2QH7RXFKLDOLQJ2QHWRXFKGLDO 2QHWRXFKNH\ Hurxursh 0DLQWDLQLQJWKH3URGXFW FOHDQLQJPDWHULDOVRQO\DVGLUHFWHGLQWKLVGRFXPHQWDWLRQ OhdqlqjOHDQLQJWKHRUN&HQWUH3UR Gdpshqhgzlwkzdwhuru RQWURO3DQHO.H\ERDUG/&LVSOD\RFXPHQWHHGHUDQG2XWSXW7UD\ 7RHQVXUHRSWLPXPLPDJHTXDOLW\DWDOOWLPHVFOHDQWKH Vwhsvirufohdqlqjlqvwuxfwlrqv 7UDQVIHU&RURWURQLUHSulqwrudzklwholqhdsshdulqjlqwkhgluhfwlrqriwkhsdshuihhg 2SHQWKH6LGH&RYHU 7KH7UDQVIHU&RURWURQLUH OHDQLQJ7RROKDVWZR6KRXOGHUV Vkrxoghuv RUN&HQWUH3UR8VHU*XLGH 7UDQVIHU &RURWURQLUH Fdvlqj Xursh 2UGHULQJ6XSSOLHVXvwrphu 3DUW1XPEHU 7RQHU&DUWULGJH UXP&DUWULGJH Lqvwdoodqhzwrqhufduwulgjh XVWRPHU5HSODFHDEOH8QLWV5HSODFLQJWKH7RQHU&DUWULGJH Rqwkhfduwulgjher 5DLVHWKHFDWFKWRXQORFNDQG UHOHDVHWKH7RQHU&DUWULGJH 3XOOWKHWDEWRUHPRYHWKH QVWDOOWKH1HZ7RQHU ORVHWKHURQW&RYHU 5HSODFLQJWKHUXP&DUWULGJH 7RRSHQWKH$XWRXSOH8QLW DUWULGJH´RQSDJH ³5HSODFLQJWKH7RQHUXvlqjwkhlqvwuxfwlrqv Hwhqghgshulrg $V\RXZLWKGUDZWKHUXP &DUWULGJHVXSSRUWLWE\ 5HPRYHWKHQHZUXP Duwulgjhiurpwkher DFN URQW5LJKW Hiwurqw Iroorzlqjlooxvwudwlrqv 5HPRYHWZRSLHFHVRIWDSH Wdsh 3XOOWDEVQXPEHUHGWR 3XOOWDEWRXQIROGSURWHFWLYH Sdshu RPSOHWHO\UHPRYHDOOWKH Sdshudqgdvvrfldwhgwdsh Sodvwlfvwulsdorqjwkherwwrp Surwhfwlyhsdfndjlqj Ohiw RUN&HQWUH3UR8VHU*XLGH 3XVKRXWWKHHLVWLQJXVHG 5HSODFLQJWKH2RQHLOWHUOrvhdoofryhuvdqggrruv Uhfhswdfoh 5HLQVWDOOWKH2RQHILOWHU ULSSLQJWKHVLGHVRIWKH6WDSOH 5HSODFLQJWKH6WDSOH&DUWULGJHWkhvwdsohuxqlw Orvhwkhwrsfryhuriwkh Frqyhqlhqfhvwdsohuxqlw 8SWRWKUHHSDSHUWUD\VFDQEHLQVWDOOHGRQWKHRUN&HQWUH3UR RDGLQJ3DSHURDGLQJWKH3DSHU7UD\V \RXZLVKWRORDGSDSHURID Jxlghlqwrlwvqhzsrvlwlrq HIW*XLGH JxlghvWkhluqhzsrvlwlrq 7RDGMXVWWKH/HIW*XLGH Gluhfwlrqdoduurzv 0DFKLQHVWDWXVRXUZD\ Qwhu 6HOHFWSDSHUVLH 0DFKLQHGHIDXOWV3DSHUWUD\V RS\GHIDXOWV Dghidxowv HDWXUHVNH\ RDGLQJWKH%\SDVV7UD\ RUN&HQWUH3UR8VHU*XLGH DVLF7URXEOHVKRRWLQJ Surylghg 7KHUHDUHWKUHHW\SHVRIMDP DP&OHDUDQFH$FFHVV$UHDV 3DSHUSDWK-DP RQYHQLHQFH6WDSOHU-DP 8VHWKHVFUROONH\ WR Surfhhgwrwkhqhwvwhsdqg SUHVVQWHU@ Ohdusdshumdp 2SHQVLGHFRYHU WKHMRE7KHRULHQWDWLRQRIWKHSDSHULQWKHSDSHUWUD\PXVW 3UHYHQWLQJ3DSHU-DPV6SHFLILFDWLRQV Uljkwkdqgvlghfryhu Ohdusdshumdp &ORVHVLGHFRYHU DPSOHRIRFXPHQWHHGHU$$-DP Ruljlqdo 3UHVVVWDUWWRUHVXPH DPSOHRI&RQYHQLHQFH6WDSOHU-DPDuplqjxs XVWRPHU6XSSRUW7HOHSKRQH1XPEHU DOOLQJIRU6HUYLFHLVSOD\LQJUURU&RGHV 7KHWHOHSKRQHQXPEHURIWKHHURHOFRPH&HQWUHRU\RXU UURU0HVVDJH UURU0HVVDJHVDQG&RGHVUURU0HVVDJHV OHQJWKLO\SRZHUIDLOXUH 7UD\LVQRWUHDG\ 0HPRU\HUURU XV\QRDQVZHUHdwxuhxqdydlodeoh 3RZHUIDLOXUH 0HPRU\LVIXOO DQ\ORVWFRPPXQLFDWLRQ Uhpryhg Qxpehuriruljlqdosdjhv$GGSDSHU Srzhu Phfkdqlvp Huuru 7UD\HUURU UURU&RGHV7HPSRUDU\ 7UD\HUURU Fryhuv MDP VhqvruFryhudiwhuzdugv Orvhfryhuvdiwhuzdugv Orvhfryhuv SDSHU&ORVHFRYHUVVHQVRUIURP7UD\ RSHQHGGXULQJFRS\LQJ 7RQHULVQHDUO\HPSW\ 5HSODFHWRQHUFDUWULGJH Lihhqg5HSODFHUXP&DUWULGJH 5HPRYHSDSHUIURPWUD\ 2SHUDWRURUDORFDOVHUYLFHUHSUHVHQWDWLYH PDJH4XDOLW\3UREOHPVQhdududgldwru 7URXEOH KHFN3RLQW D3UREOHPV7UDQVPLVVLRQ3UREOHPV Ehlqjvhqw QRUPDOO\Ihhghuruidfhgrzqrqwkhgrfxphqwjodvv UHPRWH$HYHQWKRXJKLWLV 5HFHSWLRQ3UREOHPV Dxvh +RZWR&RUUHFW RGH VWKHVSHFLILHGSDSHUW\SHEHLQJXVH+DVWKHSDSHUEHHQVWRUHGFRUUHFWO\ 3DSHU-DP Uuru Dxvh +RZWR&RUUHFW 0DFKLQHHIDXOWV6HWXSV 7KH0DFKLQH6WDWXVPHQX KDQJLQJ0DFKLQHHIDXOWVHidxowvhwwlqjlvwkhqsurylghg 7KH0DFKLQHHIDXOWVRSWLRQV 3DSHU7UD\V 8VHWKHVFUROONH\ WR VHOHFWDWUD\DQGSUHVV QWHU@ 3DSHUWUD\V DONXS6FUHHQDonxsvfuhhq 7LPH2XW 7LPHUV7LPHUV 6WDQGE\ PLQ 6WDQGE\0RGH7LPHRXW Ydoxh 6OHHS0RGH 6WDQGE\PLQ 7LPHRXW 6WDQGE\PRGH RUN&HQWUH3UR8VHU*XLGH 6SHDNHUYROXPH Hsduwphqwfrgh QWHUUXSW.H\QWHUUXSWNH\ Lvdeoh QWHUUXSWNH\ 6SHDNHU9ROXPH6SHDNHUYROXPH \WRXFKYROXPH 5LQJHUYROXPH 0RQLWRUYROXPH Vhwwlqj 3UHVVQWHU@ IRUVHWWLQJXSLQGLYLGXDOHSDUWPHQW&RGHV HSDUWPHQW&RGHVWKHQPRQLWRUHDFKGHSDUWPHQW¶VXVDJH Iruhdfkghsduwphqw QWHUUXSWNH\ 6SHDNHUYROXPH Hsduwphqwfrghv0DVWHUFRGH 0DVWHUFRGHQXPEHU Qwhupdvwhufrghqdphpd 8VHWKHVFUROONH\ WR VHOHFWHSDUWPHQWFRGH@ DQGWKHQSUHVVQWHU@ 0DVWHUFRGHQXPEHU Qwhupdvwhufrgh6HWXSRILQGLYLGXDOHSDUWPHQW&RGHV Qwhupdvwhufrghru Qwhughsduwphqwfrgh Vhwxsvfuhhqvlvsurylghg Hohwhdoofrghv 3ULQWDOOFRGHVHsduwphqwqxpehu Qwhughsduwphqwqdphpd Hsduwphqwqxpehu Qwhupdvwhufrgh Qwhupdvwhufrghru Qwhughsduwphqwfrgh WRPRGLI\HLVWLQJFRGHV HS0RGLI\DUWPFXUUHQWHQWFRGHVFRGHV 0RGLI\LQJDQGHOHWLQJHSDUWPHQW&RGHV3UHVVQWHU@HOHWHDOOFRGHV6HOHFW0RGLI\FXUUHQWFRGHV@ Hsduwphqwqxpehu Hohwhg Hsduwphqwqxpehu8QDYDLODEOH$OUHDG\DVVLJQHG 7KHFRGHLVGHOHWHG Qwhughsduwphqwqdphpd 8VLQJHSDUWPHQW&RGHV Qwhu Ghsd Uwphq Wfrgh 5HPRWH6HUYLFH 4XLFN3DWKZD\ 0DFKLQH6WDWXV Hidxowvhwwlqjv 5HPRWHVHUYLFH 5HPRWHDFFHVV 5HPRWHVHUYLFH5HPRWH$FFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHVRUGHU 5HPRWHDFFHVV RzqordglupzduhRzqordgilupzduh 8VHWKHVFUROONH\ WR VHOHFWRZQORDGILUPZDUH@ DQGWKHQSUHVVQWHU@ 5HPRWHDFFHVV Rzqordgilupzduh 5HPRWH3DVVZRUG6HWUHPRWHSDVVZRUG Sdvvzrugpd 5HPRWHDFFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHV2UGHU6HWWLQJXSHVWLQDWLRQ 6XSSOLHV 2WKHULQIRUPDWLRQ 6HOHFWVXSSOLHV Hvwlqdwlrqvhwxs6XSSOLHVRUGHU 7RQHURUGHULQJ 6HOHFWDXWRRUGHU QwhusduwqxpehuQWHUTXDQWLW\ 6HOHFWDXWRRUGHU Qwhusduwqxpehu Hvwlqdwlrqvhwxs 6XSSOLHV 2WKHULQIRUPDWLRQQWHULQJ2UGHUHWDLOV Rqwdfwqdph Rqwdfwwhoqxpehu 6KLSWRQDPH 6KLSWRDGGUHVV Hidxowvhwwlqjv 6XSSOLHVRUGHUUHSRUW3ULQWLQJWKH6XSSOLHVRUP Hsduwphqwfrgh 6HWWLQJVUHSRUW 7KHUHDUHWKUHHUHSRUWVWKDWFDQEHSULQWHGIURPWKH 3ULQWLQJ5HSRUWVHsduwphqwfrgh 6HWWLQJUHSRUW 6XSSOLHVRUGHUUHSRUW HSDUWPHQW&RGH5HSRUW Hsduwphqwfrgh 6HWWLQJV5HSRUW DUG7LPHW\SHRXW 6XSSOLHVRUGHUUHSRUW 6HWWLQJVUHSRUW7R3ULQWWKH6HWWLQJV5HSRUW Rulqirupdwlrqrqvhwwlqjxswkhuhsruwuhihuwrsdjh 6XSSOLHV2UGHU5HSRUW7R3ULQWWKH6XSSOLHV2UGHU5HSRUW Wkhvhwxsvdydlodeoh KDQJLQJWKH,QLWLDO6HWXSHidxowvhwwlqjv 3ULQWUHSRUW 0DFKLQH6HULDO1XPEHU XVWRPHU6XSSRUW DWH7LPH DWH7LPHQLWLDO6HWXS 6HWWLQJ 7LPHRUPDW 7LPHIRUPDWGD\ 7XH 6HWWLQJ 6HWWLQJ 7LPHIRUPDW DwhirupdwDwhrupdw 0RQWKRUPDW 0RQWKIRUPDW 0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN RfdoldwlrqRfdoldwlrq Phdvxuhphqwvlqlqfkhvruploolphwuhv Rfdoldwlrq DqjxdjhDqjxdjh Wdoldqr Hxwvfk 1HGHUODQGV 6HOHFW0DFKLQH,@XVLQJWKH VFUROONH\ Dqgsuhvv QWHU@ 0DFKLQH0DFKLQH RXQWU\FRGH ID&RXQWU\FRGHLVQRW 6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ 0DFKLQH6HULDO1XPEHU0DFKLQHVHULDOQXPEHU Wkhvhwxsv Xvwrphuvxssruwqxpehu XVWRPHU6XSSRUWXvwrphuvxssruw HURVXSSO\QXPEHU HUR6XSSO\1XPEHU 1HWZRUN 0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw VFUROONH\ Dqgsuhvv QWHU@ 0HQX0DSHidxowvhwwlqjv 3ULQWUHSRUW Qlwldovhwxs 6HOHFW0HQXPDS@XVLQJWKH 6HOIWHVW 6HOI7HVW$XWRPDWLF7HVW Qglylgxdowhvw 3ULQWWHVWUHVXOW Qglylgxdo WHV W $XWRWHVWQGLYLGXDO7HVW $XWRWHVW Qglylgxdowhvw 3ULQW7HVW5HVXOW3ULQWWHVW 8VHWKHVFUROONH\ WR VHOHFW3ULQWWHVWUHVXOW@ 3UHVVQWHU@ XVWRPHU6XSSRUW1XPEHU 6HOIWHVW HURVXSSO\QXPEHU 7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV 0DFKLQH6HULDO1XPEHU6HOIWHVW Xvwrphuvxssruwqxpehu 6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ 7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV HUR6XSSO\1XPEHU6HOIWHVW Xvwrphuvxssruwqxpehu 0DFKLQHVHULDOQXPEHU XVLQJWKHVFUROONH\ DQG SUHVVQWHU@ 7RWDO3ULQW&RXQWHU 7RWDOSULQWFRXQWHU 0DFKLQH5HYLVLRQV 0DFKLQHUHYLVLRQV RUN&HQWUH3UR8VHU*XLGH 7KLV$51,1*0DUNDOHUWVXVHUVWRKHDWHGVXUIDFHV 7KLVSURGXFWLVHTXLSSHGZLWKDZLUHW\SHSOXJSURYLGHG Gdpdjhwrwkhsurgxfw FrxogfuhdwhdkddugrxvvlwxdwlrqPdwhuldovrxwriuhdfkrifkloguhq Xqohvvsurshuyhqwlodwlrqlvsurylghg 6DIHW\6WDQGDUGV Iroorzlqjqxpehu UHSUHVHQWDWLYHRUE\FRQWDFWLQJ QYLURQPHQW+HDOWKDQG6DIHW\ 5HJXODWRU\,QIRUPDWLRQUhodwhgwrorzyrowdjhhtxlsphqw Qjodqg Wdnhdghtxdwhphdvxuhv DXWKRULW\WRRSHUDWHWKLVHTXLSPHQW QDWLRQDOVWDQGDUGVERG\ DVHU6DIHW\7KHOHFWULFLW\DWRUN5HJXODWLRQV8.21 Vhuylfhgdqgpdlqwdlqhgdwdoowlphv $165 7KHUHJXODWLRQSODFHVDGXW\RQDOOHPSOR\HUV VdihPDLQWDLQHGE\FRPSHWHQWSHUVRQV 7KHUHJXODWLRQGRHVQRWLPSRVHRQDPRQJVWRWKHUV 4867,21 ,UHTXLUHUHFRUGVRIDOOWHVWV 2UJDQLDWLRQIRUIXUWKHULQIRUPDWLRQRQWKH52HTXLSPHQWLQP\SUHPLVHV 3OHDVHFRQWDFWWKH52/LPLWHG&XVWRPHU6HUYLFH Huwlilfdwlrqwr DWD&RXSOHU,QIRUPDWLRQ 5HJXODWLRQV6HQG+HDGHU5HTXLUHPHQWV Lqydolgdwhlwvfhuwlilfdwlrq RUN&HQWUH3UR8VHU*XLGH $ 7KHWHOHSKRQHFRPSDQ\PD\PDNHFKDQJHVWRLWV XQGHU&&UXOHVHDUO\PRUQLQJKRXUVRUODWHHYHQLQJV PPHGLDWHO\QRWLI\\RXRIWKHLUWHPSRUDU\DFWLRQ 5HSDLUVWRFHUWLILHGHTXLSPHQWVKRXOGEHPDGHE\DQ DQDGLDQ&HUWLILFDWLRQDuhdv 1RWLFH7KH5LQJHUTXLYDOHQFH1XPEHU51DVVLJQHGWR QYLURQPHQWDO&RPSOLDQFH QHUJ\6WDUŠ $SSHQGL%6SHFLILFDWLRQV 7KHRUN&HQWUH3URDGKHUHVWRVWULFWVSHFLILFDWLRQV 0DFKLQHHLJKW 0DFKLQH6SHFLILFDWLRQV+DUGZDUH&RQILJXUDWLRQ $FFHVVLELOLW\ DUPXS7LPH RS\6SHHGRS\0DJQLILFDWLRQV =RRPUDQJHWRLQLQFUHPHQWV $SSURYHG0HGLD \SDVV7UD\ Xursh HQWUH7UD\OHFWULFDO6SHFLILFDWLRQV 6WDFNLQJ&DSDFLW\ DSSURLPDWHO\VKHHWV HOLYHU\ Idfhgrzqlqrughu RUN&HQWUH3UR8VHU*XLGH 3URFHGXUH6-14 1XPHULFV$SSHQGL$6DIHW\1RWHVA-1 6SHFLILFDWLRQVB-4 KDUJH&RGH5-36&OHDQLQJ8-2 DOOLQJIRU6HUYLFH9-7Kdqjlqjhidxowv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

3UHSDUHG￿E\￿

‹￿￿￿￿￿E\￿;HUR[￿&RUSRUDWLRQ￿￿$OO￿ULJKWV￿UHVHUYHG￿

FRPSDQLHV￿DUH￿KHUHE\￿DFNQRZOHGJHG￿

W\SRJUDSKLFDO￿HUURUV￿ZLOO￿EH￿FRUUHFWHG￿LQ￿VXEVHTXHQW￿HGLWLRQV￿

3UHSDUHGE\

‹E\;HUR[&RUSRUDWLRQ$OOULJKWVUHVHUYHG

FRPSDQLHVDUHKHUHE\DFNQRZOHGJHG

W\SRJUDSKLFDOHUURUVZLOOEHFRUUHFWHGLQVXEVHTXHQWHGLWLRQV