Rpsrqhqwv, $Xwrpdwlfrfxphqwhhghu$, Grfxphqwjodvv

3DSHU7UD\VDQG

&RPSRQHQWV

$XWRPDWLF'RFXPHQW)HHGHU$')

7KH$')DXWRPDWLFDOO\VHSDUDWHVDQGIHHGVRULJLQDOVIURPWKH LQSXWWUD\

'XSOH[$XWRPDWLF'RFXPHQW)HHGHU'$')

7KH'$')DXWRPDWLFDOO\VHSDUDWHVDQGIHHGVRULJLQDOVIURPLWV LQSXWWUD\:KHQVFDQQLQJWZRVLGHGRULJLQDOVDIWHUVFDQQLQJ WKHILUVWVLGHWKHRULJLQDOLVLQYHUWHGWRHQDEOHWKHVHFRQGVLGH WREHVFDQQHG

&RQVWDQW9HORFLW\7UDQVSRUW&97*ODVV

7KH&RQVWDQW9HORFLW\7UDQVSRUW&97JODVVLVWKHQDUURZ VWULSRIJODVVORFDWHGDWWKHOHIWVLGHRIWKHGRFXPHQWJODVV :KHQRULJLQDOVDUHIHGIURPWKHGRFXPHQWIHHGHU$')RU '$')WKH&97JODVVDXWRPDWLFDOO\VFDQVWKHLPDJHVLQWR PHPRU\7KLVGRHVQRWDSSO\WRRULJLQDOVSODFHGRQWKH

GRFXPHQWJODVV

$XWR'XSOH[8QLW$'8

0DNHVWZRVLGHGFRSLHVIURPRQHVLGHGDQGRU WZRVLGHG

RULJLQDOV

2IIVHW&DWFK7UD\2&7

7KH2IIVHW&DWFK7UD\VHSDUDWHVMREVIRUHDV\ UHWULHYDO7KH WUD\KROGVDPD[LPXPRIVKHHWV RIJPOESDSHU

/RFDWHGDWWKHIURQWRIWKHPDFKLQH:RUN&HQWUHWKHVHWUD\V3URFDQHDFK8VHU*XLGHKROG DPD[LPXPRIVKHHWVRIJPOESDSHU

+,175HIHUWR$SSHQGL[%6SHFLILFDWLRQVIRUPRUH

LQIRUPDWLRQDERXWDSSURYHGPHGLD

Page 28

Image 28

Xerox 416 manual Rpsrqhqwv, Xsoh$Xwrpdwlfrfxphqwhhghu$, Grfxphqwjodvv, Ruljlqdov

Contents

RUN&HQWUH3UR 8VHU*XLGH 3UHSDUHGE\ ‹E\HUR&RUSRUDWLRQ$OOULJKWVUHVHUYHGFRPSDQLHVDUHKHUHE\DFNQRZOHGJHG \SRJUDSKLFDOHUURUVZLOOEHFRUUHFWHGLQVXEVHTXHQWHGLWLRQV 7DEOHRI&RQWHQWV 0XOWL$FFHVV&RPPXQLFDWLRQV RS\ KDQJLQJ3ULQWHUHIDXOWV QWHUQHWDDQG6FDQWRPDLO3URFHGXUH 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV 0DFKLQHHIDXOWV6HWXSV $SSHQGL$6DIHW\1RWHV$ 7DEOHRI&RQWHQWVYLLL HURRUN&HQWUH3UR8VHU*XLGH $ERXW7KLV*XLGH LQGLQJ,QIRUPDWLRQLQWKH8VHU*XLGH 0DLQWDLQLQJWKH3URGXFW&KDSWHU DVLF7URXEOHVKRRWLQJ&KDSWHU6DIHW\1RWHV$SSHQGL$ 6SHFLILFDWLRQV$SSHQGL% XVWRPHU6XSSRUW Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb6HULDO1XPEHU3ODWH Lvlqvwdoohgrufrqyhqlhqfhdqgixwxuhuhihuhqfhsohdvh Rqyhqwlrqv 2ULHQWDWLRQPDJH2ULHQWDWLRQ 3RUWUDLW 2ULHQWDWLRQ HHG2ULHQWDWLRQ62ULHQWDWLRQ WDOLF7\SHIDFH 4XLFN3DWKZD\ 1RWHV +LQWVDxwlrqv Duqlqjv 5HODWHG,QIRUPDWLRQ6RXUFHV QIRUPDWLRQDYDLODEOHIRUWKHRUN&HQWUH3URFRQVLVWVRI RUN&HQWUH3UR8VHU*XLGH 3URGXFW2YHUYLHZ 7KLVFKDSWHUSURYLGHVDQRYHUYLHZRIWKHRUN&HQWUH3UR \VWHP2YHUYLHZ 5HDG\WRFRS\Qwhuidqxpehupd $GGHGHDWXUHV Qwhughsduwphqwfrgh 8VLQJHSDUWPHQW&RGHVIxqfwlrqvlvdoorzhg RUN&HQWUH3UR 2Q2II6ZLWFK6WDQG Ljxuh Rqwuro $XWRPDWLFRFXPHQW 3DQHO2XWSXW URQW&RYHU Ljxuh RUN&HQWUH3UR3L XSOH$XWRPDWLFRFXPHQWHHGHU$ Rqwuro XQGHU$ RUN&HQWUH3UR6L 3DQHO Rqyhqlhqfh 2IIVHW 6WDSOHU &DWFK2Q2II6ZLWFK \SDVV URQW&RYHU Rpsrqhqwv $XWRPDWLFRFXPHQWHHGHU$XSOH$XWRPDWLFRFXPHQWHHGHU$ Grfxphqwjodvv 2SWLRQDO$GGLWLRQDO0HPRU\ \SDVV7UD\Gdpdjh RQWURO3DQHO&RPSRQHQWVDQGXQFWLRQ.H\V Ljkwhqdunhq 6HOHFWWRDGMXVWWKHLPDJHFRQWUDVW 5HGXFHQODUJHSdshu 3DSHU6XSSO\ TXDOLW\ Dffhvvwr SUHVVLQJWKHVHNH\VLUHFW$FFHVV.H\V \ERDUG Djdlq Hqwhuhg6WDUW Ruljlqdov 0DQXDOLDO Hohwh HOHWHVDQHLVWLQJFKDUDFWHUHQWU\ QWHUNH\Vfuhhq Pdghwrwkhfxuuhqwvfuhhq 6FUROO.H\V OLS3DQHO Ixqfwlrqv7KHUHDUHWKUHHIOLSSDQHOVDYDLODEOH Ryhu OLS3DQHO Pdloixqfwlrqv Kdudfwhuqwulhv 1XPHULF.H\SDG6FUROO.H\V QVHUWDQGHOHWH.H\V 6HOHFW\RXUUHTXLUHGFKDUDFWHUE\XVLQJ RU NH\DQG SUHVVQWHU@ KDUDFWHU&RGH7DEOHSuhvvhg RUN&HQWUH3UR8VHU*XLGH 6SHHGGLDO QwhuqdphpdQwhuqdphpd QVHUW@ RUUHFWLQJ&KDUDFWHUV Ghohwhg 3UHVVHOHWH@ NH\DQGSRVLWLRQWKH 3RZHULQJ2Q 3RZHULQJ2IIHohfwulfdorxwohw RFDWHWKH212VZLWFK 3UHVVOWRSRZHURQWKH 3RZHU6ZLWFK 6WDQGE\0RGH 6OHHS0RGHQHUJ\6DYHU 3RZHU6DYHQHUJ\6DYHU/LJKW QHUJ\ 6DYHU.H\ 6WDQGE\0RGH 6OHHS0RGHQHUJ\6DYHU 0RGHV HdwxuhvRE6WDWXV 0DFKLQH6WDWXV HDWXUHV.H\ RE6WDWXV.H\ 0DFKLQHVWDWXV 3ULQWUHSRUW Qlwldovhwxs0DFKLQH6WDWXV2SWLRQV Hidxowvhwwlqjv Hsduwphqwfrgh 6HWWLQJVUHSRUW 6XSSOLHVRUGHUUHSRUW Rfdoldwlrq Dqjxdjh0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN $XWRWHVW Qglylgxdowhvw 3ULQWWHVWUHVXOW RUN&HQWUH3UR8VHU*XLGH 0XOWL$FFHVV&RPPXQLFDWLRQV Uhfhlylqjdgrfxphqw8VLQJWKHEXLOWLQPHPRU\PDQ\RSHUDWLRQVFDQEH 5HIHUWRWKH0XOWL$FFHVVXQFWLRQ7DEOHVWKDWIROORZ 0XOWL$FFHVVXQFWLRQ7DEOH/RFDO 6LQJOH&RS\0DLOER,QSXW 0DLOER2XWSXW LUHFW6HQG 3ULQWLQJ LUHFW6HQG Vdph 0XOWL$FFHVVXQFWLRQ7DEOH3 0DLOER,QSXW 0DLOER2XWSXW 3ULQW5HFHLYHGLOH LUHFW6HQG3ULQW5HSRUW0DQXDO 3ULQW5HSRUW$XWR RUN&HQWUH3UR8VHU*XLGH 6WDQGDUGHDWXUHV RS\LQJ3URFHGXUH RDGWKH2ULJLQDOVVlghgruljlqdov $XWRPDWLFRFXPHQWHHGHU$DQG XSOH$XWRPDWLFRFXPHQWHHGHU$ Uhtxluhg Wkhruljlqdov7KHILUVWSDJHVKRXOGEHRQ 6OLGLQJ Jxlghv RFXPHQW*ODVV Grfxphqwjodvvfryhu5HJLVWUDWLRQ Ruqhu 6HHSDJHLI\RXDUH 3UHVVHDWXUHV@ 3UHVVWKHHDWXUHV.H\RS\.H\HDWXUHV.H\ 6HOHFWWKH&RS\HDWXUHV VhohfwlrqLGHQWLI\LQJZKLFKRSWLRQLVVHOHFWHG Ljkwhqdunhqsdjh 5HGXFHQODUJHSDJH QWHUWKH4XDQWLW\ 3UHVV6WDUW 3UHVV6WDUW@DFKRULJLQDOLV VFDQQHGRQFHRQO\ RQYHQLHQFH6WDSOHU LwkwkhgrfxphqwvidfhxsLqwrwkhvwdsohu 7KHVWDSOHUDXWRPDWLFDOO\ Vwdsohvwkhgrfxphqwv JPOESDSHU7KHVWDSOHFDUWULGJHKROGVVWDSOHV PDJH6KLIWDQGGJHUDVH 8VLQJ-RE,QWHUUXSWSDXVHWKHFXUUHQWMREWRPDNHDFRQYHQLHQFHFRS\ 6WDQGDUG&RS\HDWXUHV 2XWSXW2XWSXW 2XWSXW2SWLRQV 0DNLQJ&ROODWHG6HWVIURPWKHRFXPHQW*ODVV 3URJUDPWKHIHDWXUHV Uhtxluhg3ODFHWKHILUVWRULJLQDORQWKH Grfxphqwjodvvdqgsuhvv 3UHVVVWDUWWRUHVXPH 6FDQQHWRULJLQDO RQH Ljkwhqdunhq LjkwhqDunhq 0DQXDO 7RQHU6DYHU Rdgruljlqdov LJKWHQDUNHQ2SWLRQV Rxwsxw 5HGXFHQODUJH 5HGXFHQODUJH2SWLRQVQodujh $XWR 3UHVHW 6LHIRUVLHFRSLHV Vhwwlqjvduh RUWKH$PHULFDVDQG&DQDGDWKHSUHVHW5HGXFHQODUJH 3DSHU6XSSO\ 3DSHU$XWR3DSHU 3DSHU6XSSO\2SWLRQV 2ULJLQDO7\SH 2ULJLQDO7\SH2SWLRQV7HW3KRWR 3KRWR Vlghg $GGHGHDWXUHVPDJH6KLIW 6LGHG 2ULJLQDO!&RS\6LGHG2SWLRQV 8VHWKHVFUROONH\ WR RXQG2ULJLQDO RX QG2ULJL QDO2Q%RWKSDJHV 2Q%LQGHUUDVH Jodvv RXQG2ULJLQDO2SWLRQV 2II 7KHIHDWXUHLVXQDYDLODEOHHdfksdjhrqdvhsdudwhvkhhwrisdshu 2Q%RWK3DJHV &RSLHVERWKSDJHVRIDQRSHQERXQGGRFXPHQWDQGSODFHV PDJH6KLIW Pdjh 6KL IWHIW0DUJLQ 5LJKW0DUJLQ PDJH6KLIW2SWLRQV Gjhudvh GjhudvhGJHUDVH2SWLRQV 8VHWKHVFUROONH\ WR VHOHFWGJHUDVH@DQG SUHVVQWHU@ 8S2SWLRQV Rrnohw DqglqfkruljlqdovLQFKFRS\SDSHU Fruuhfwrughuwrsurgxfhderrnohw RR Nohw VlghgGjhudvh 2II $QQRWDWLRQ $QQRW Dwlrq3DJHQXPEHU $QQRWDWLRQ2SWLRQV XLOG-RE XLOG-RERuljlqdov \GHIDXOW%XLOG-RELVVHWWR2II 8VHWKHVFUROONH\ Wrvhohfw $GGHGHDWXUHV@ 6HOHFWRULJLQDOVLH 6FDQ Qlqjlqwrphp RU\6FDQQLQJSDJH Vfdqqhg 6HWWLQJ RQHTXDQWLW\VHOHFWHG 7KH6HWWLQJ@VFUHHQLV 6WRUHG-RE 6WRUHG-RE6WRUH 7R6WRUHD-RE 5HWULHYH 7R5HWULHYHD6WRUHG-RE6WRUH 8VHWKHVFUROONH\ WR VHOHFW$GGHGHDWXUHV@ 7UDQVSDUHQF\ +HDY\ZHLJKW 3DSHU7\SH2SWLRQVPdlpxp 8VHWKHVFUROONH\ WR VHOHFW3DSHU7\SH@DQGSUHVV QWHU@ 0HQX0DS 0HQXPDS3ULQWLQJDFFHSWHG Duhsruwirupdw KDQJLQJ&RS\HIDXOWV Hidxowvhwwlqjv0DFKLQHGHIDXOWV Lqglylgxdouhtxluhphqwv RS\GHIDXOWV 2ULJLQDOW\SH LjkwhqdunhqDghidxowv RS\HIDXOWV 6HWWLQJV Hvfulswlrq 2ULJLQDO7\SH 6HWWLQJV Hvfulswlrq 6LGHV,PDJHGRqhvlghgruljlqdov Wzrvlghgruljlqdov RUN&HQWUH3UR8VHU*XLGH Ixqfwlrqvdydlodeohirusulqwlqj FRS\LQJZLWKRXWFRUUXSWLQJDSULQWMREKHQWKHRUN&HQWUH3URLVFRQQHFWHGWRWKHQHWZRUN 7KHRUN&HQWUH3UR3LDQG6LKDYHWKHDELOLW\WRDOORZ 3ULQWLQJ3URFHGXUH UhdwhwkhrfxphqwQhwzrun Dssolfdwlrqv 6HOHFW3ULQW DV\RXUSULQWHU 6HOHFWWKH3ULQWHUULYHUHDWXUHV 6HOHFW3URSHUWLHV@IURPWKH DSSOLFDWLRQ3ULQWZLQGRZZlqgrz Grzqrswlrqvdqgfkhfn Erhvsurylghglqhdfk Wdeehgiroghu 3ULQWWKH-RE KhqdoowkhuhtxluhgihdwxuhvZLQGRZGLVSOD\V VHOHFW&ORVH@ 5HWULHYHWKH3ULQW-RE ResurfhvvlqjzdlwZkhqwkhmrezdvvhqw Phvvdjhv 0DQDJLQJ3ULQW-REV $FFHVVLQJ3ULQWHUHIDXOWV0DFKLQHGHIDXOWV RS\GHIDXOWV Dghidxowv Pdloghidxowv 5HSRUWGHIDXOWV 5HPRWHVHUYLFH 3ULQWHUGHIDXOWV DqfhofxuuhqwmreDQFHOOLQJD3ULQWMRE Rufhihhg Rupihhg 6HWWLQJXSRUFHHHG Dqfhofxuuhqwmre Ruflqjdruphhg RufhgirupihhgDqfhofxuuhqwmre Rufhihhg 8VLQJ-RE,QWHUUXSW VwduwGjhudvh KHQ\RXUFRS\MREKDV 3ULQWHUULYHUHDWXUHV RQWURO2SWLRQV ZLOOJLYH\RXPRUHGHWDLOHGLQIRUPDWLRQ Rqwhqwv6HDUFK 7DNHV\RXEDFNWRWKHSUHYLRXVWRSLFVFUHHQ 3ULQWHU&RQILJXUDWLRQ QVWDOODEOH2SWLRQVPdlqsulqwhu Lqwhuplwwhqwmrevuhtxlulqjqrqvwdqgdugsdshuvlhv Wkhwrwdodprxqwlqvwdoohg 0HPRU\ ,I\RXKDYHLQVWDOOHGDGGLWLRQDOPHPRU\LQWKHSULQWHUVSHFLI\ 2IIVHWXQFWLRQ 3DSHU2XWSXWRslhv Grfxphqw 6HOHFW3DSHUGhshqglqjrqorfdoh Rswlrq VhwwlqjvlqwkhdssolfdwlrqDEODQNVKHHWRISODLQSDSHUEHWZHHQHDFKWUDQVSDUHQF\VKHHW XVHIXOZKHQ\RXSULQWLWHPVVXFKDVWUDQVSDUHQFLHVDQGZDQW 6LGHG3ULQWLQJ Roodwlrq8QFROODWHG Roodwhg 6LQJOHVLGHGSULQWLQJ7KLVLVWKHGHIDXOW Odqgvfdshrulhqwdwlrq 2XWSXWHVWLQDWLRQVhohfwlqjwkhsulqwhu \RXW 1RUPDOErughu 3ULQWVDVWDQGDUGSDJH1RUPDOLVWKHGHIDXOW 0XOWLSOHXS 3DJHVXS PDJH2SWLRQV UD\VFDOHGhvljqhgzlwkfroru Gldorj 7UXH7\SHRQWV DqgvkdusfrqwudvwvehwzhhqvkdghgduhdvShuirupdqfh Irqwvzlooehgrzqordghgwrwkhsulqwhuiruhdfksulqwmre Udsklfv 5HVROXWLRQEhfrphglvwruwhgzkhqvfdohg Lpdjh 3ULQW4XDOLW\ YHULI\LQJGRFXPHQWFRQWHQWDQGOD\RXW 2YHUOD\V 2YHUOD\VRDG2YHUOD\ 7RFUHDWHDSDJHRYHUOD\ RudooriwkhghvwlqdwlrqvLpsuryhsulqwshuirupdqfh 7RGRZQORDGDQRYHUOD\WRWKHSULQWHU 6HOHFW&UHDWH2YHUOD\WRRSHQWKH&UHDWH3DJH2YHUOD\ 6HOHFWHG2YHUOD\6WDWXV 2YHUOD\&UHDWLRQ6WDWXVGhvwlqdwlrq RYHUOD\KDVEHHQGRZQORDGHG Rqwv QvwdoohgrqwvIrqwvlqvwdoohgrqwkhsulqwhu Frpsxwhu 3ULQWRQW/LVWLQJ 6WDWXVDwwulexwhv Dsulqwhuuhvlghqwirqw Dwhupdunv Dwhupdun$GG VHOHFW$GGWRFUHDWHDQHZZDWHUPDUN Rqwhqw Rqwv UD\VFDOH $ERXW 3RVLWLRQIURPFHQWHU KDQJLQJ3ULQWHUHIDXOWV Pdloghidxowv 5HSRUWGHIDXOWVGHIDXOWVHWWLQJVWRPHHW\RXUSULQWLQJQHHGV 8VHWKHVFUROONH\ WR VHOHFW3ULQWHUGHIDXOWV@DQG SUHVVQWHU@ Rufhihhg Rupihhg 7HVWSULQW Hwhfwsdshuplvpdwfk 3ULQWHUHIDXOWV6HWWLQJV Hvfulswlrq Dqfhofxuuhqwmre Rufhihhg 7HVWSULQW 6HWWLQJV Hvfulswlrq Rupihhg5HVWRUHIDFWRU\VHWWLQJV RUN&HQWUH3UR8VHU*XLGH 6WDQGDUG 5HVROXWLRQ6XSHUILQH 7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV DLQJ3URFHGXUH$GRFXPHQWJODVVIRUVLQJOHRUERXQGRULJLQDOV 7KHILUVWSDJHVKRXOGEHRQ Ruljlqdosdshuvlhpxvwehghvljqdwhg $3RUWUDLW$5/DQGVFDSH $3RUWUDLW $5/DQGVFDSH 5DLVHWKHGRFXPHQWIHHGHURU 2QFRPSOHWLRQRIWKHIDMRE QWHUQHWD.H\ HDWXUHV.H\ 6HOHFWWKHDHDWXUHV Sdjhv 5HVROXWLRQSDJH Ljkwhqdunhqsdjh 2ULJLQDOW\SHSDJH QWHUWKHD1XPEHU \SDGFkdudfwhu IDFKDUDFWHULVQRUPDOO\ $FFRXQWFRGH Qwhudffrxqwfrgh6WDUWNH\ 3UHVV6WDUW@ 6FDQQLQJLQWRPHPRU\ LdolqjReqxpehu 6FDQQLQJSDJH 0HPRU\UHPDLQLQJ Reqxpehu 0DQDJLQJD-REV $XWRPDWLF5HGLDOLQJUhshdwwkhwudqvplvvlrqsurfhgxuh DXWRPDWLFDOO\SULQWVDUHSRUWDIWHUHDFKWUDQVPLVVLRQ 5HGLDO 0DQXDO5HGLDOHUR6XSSOLHV 5HGLDO3DXVHNH\0DQXDOLDO 0HPRU\ RE1XPEHUV DQFHOOLQJDD-RERE6WDWXV.H\ MREVFXUUHQWO\VSRROHGDUHGLVSOD\HG Hohwhwklvmre Refdqfhohg HURHohwh Hwdlo Hohwh XLOGLQJD-RE 8VHWKHVFUROONH\ WR Vhohfwwkhruljlqdovlhdqg SUHVV6WDUW@ XLOGD-RE 5HVROXWLRQ 6WDQGDUG Ljkwhqdunhq $XWRHdfkruljlqdo GLVSOD\HGDJDLQ8VHWKH VFUROONH\ Wrvhohfw RQH@DQGSUHVVQWHU@ LDOLQJ0HWKRGV \SDGLDOLQJ8VLQJWKH3KRQHERRN Sdxvh 0DQXDOLDO2QKRRNDQG2IIKRRNLDOLQJ LdoidqxpehuRppxqlfdwlqjvhwwlqj 5HFHLYH Rppxqlfdwlqj 5HFHLYLQJDD 5HFHLYLQJ0RGH Hvfulswlrq 6HTXHQFHRI2SHUDWLRQ FRS\LQJRSHUDWLRQ Wkhskrqh 6HFXUH5HFHLYH5HGXFH5HFHLYH Grfxphqwv Lvfdugwud GDWDPD\EHORVWKhqhqdeohgglvfdugvxs Orzhusruwlrqridorqj 6WDQGDUGDHDWXUHV 5HVROXWLRQ6XSHUILQH 5HVROXWLRQRSWLRQV Ljkwhq $XWR Dunhq 0DQXDO 4XLFN3DWKZD\ Ljkwhqdunhq Looxplqdwhg Kdoiwrqhruskrwrjudsklflpdjhv LUHFW$FFHVV.H\V Fryhu OLS3DQHO&RYHU $FWLYLW\5HSRUW 3ULQWQXPEHU$FWLYLW\5HSRUW2SWLRQV 7KH$FWLYLW\5HSRUWFRQWDLQVWKHGHWDLOVRIVHQGDQGUHFHLYH 3KRQHERRN5HSRUW 3KRQHERRNUHSRUW$OO5HSRUWV 6SHHGGLDOV Urxsv 2QHWRXFKNH\V \1DPH3KRQHERRN5HSRUW 6SHHGGLDOV Urxsv 6SHHGLDO3KRQHERRN5HSRUW 2QH7RXFK3KRQHERRN5HSRUW 7RSULQWWKH6SHHGLDO3KRQHERRN5HSRUW2QH7RXFKNH\QXPEHU DVVLJQHGWRD2QH7RXFK.H\ $OOUHSRUWV 7RSULQWWKH2QH7RXFK3KRQHERRN5HSRUW 6SHHGGLDOV URXS3KRQHERRN5HSRUWWHP Hvfulswlrq RQILUPDWLRQ5HSRUW RqilupdwlrquhsruwUURUVRQO\ RQILUPDWLRQ5HSRUW2SWLRQV 7RQHLDO QxpehuGldolqj Vzlwfkwrwrqhgldolqj QXPEHUVWKDWDOZD\VUHTXLUHWKLVIHDWXUH KDUJH&RGHQWHUWKH&KDUJH&RGH Kdlqldo KdlqgldoQwhuidqxpehuru Ghsduwphqwhwhqvlrqvlqrwkhuorfdwlrqv Qxpehufrqilupvwkh HOD\6HQG HOD\VHQG7LPH Dgydqfh HOD\6HQG2SWLRQV 0DQXDOJURXS 0DQXDO*URXSQxpehuv Hohwh 0RGLI\ Idwhohskrqhqxpehu7RUHYLHZDOLVWRIWKH Qxpehuvhqwhuhgvhohfw 1HWGHVWLQDWLRQ Suhylrxvvfuhhq Vhqgvwkhgrfxphqw1HWGHVWLQDWLRQ 5HYLHZOLVW RQH 7RGHOHWHDGHVWLQDWLRQIURP LUHFW6HQG Luhfwvhqg 3ULRULW\ID 3ULRULW\DFFHVVNH\RQIOLSSDQHO 5HVHQG 6HQGLQJ 0DLOER 7KHIROORZLQJW\SHVRIPDLOERHVDUHDYDLODEOHXOOHWLQ%RDUG%R 8VLQJWKH0DLOER,787IXQFWLRQUHTXLUHVWKDWWKHPDLOER 0DLOER 0DLOERVHWXSUHDWLQJD/RFDO0DLOER Rqilghqwldo Xoohwlqerdug 0DLOERVHWXS&RQILGHQWLDO 6HWXSSDVVZRUG\SDGWRHQWHUWKH Wrwklver Hohwhpdloerqxpehu HOHWLQJD/RFDO0DLOER0DLOERVHWXS 0DLOERQXPEHUPD 0DLOERGHOHWHG 6WRULQJDRFXPHQWLQD/RFDO0DLOERUHGLVSOD\V Ihdwxuhvsurjudpphg Rqilghqwldo 6WRUH&RQILGHQWLDO3ULQWPDLOER 6HQGWRPDLOER 3ROOIURPPDLOER Hohwhfrqwhqwv 6HQGWRPDLOER 3ROOIURPPDLOER WkhsdvvzrugGrfxphqwiurp 6HOHFW&RQILGHQWLDO@WR 3ULQWLQJ 5HVROXWLRQ 6WDQGDUG / $XWR 3ULQW&RQILGHQWLDOHOHWLQJDRFXPHQW6WRUHGLQD/RFDO0DLOER 3ULQWPDLOER 6WRUHWRPDLOER 6HQGLQJWRD5HPRWH0DLOER 6HQG&RQILGHQWLDO 7KHGRFXPHQWLVVHQWWRWKH ERDUG@ 3UHVVQWHU@ 3ROOLQJD5HPRWH0DLOER7R3ROOWKHGRFXPHQWIURPD 3ROO&RQILGHQWLDO RYHU6KHHW RyhuvkhhwVhqglqjdgrfxphqw \ERDUGRQIOLSSDQHOWR 7KH0HQX0DSSULQWVWKHQ 5HDG\PRGH3ULQWLQJ RYHU6KHHW2SWLRQV3ULQW 8VHWKLVRSWLRQWRSULQWDFRYHUVKHHW 6HQGRSWLRQV 1XPEHURISDJHV 6HFXUHUHFHLYH Lvwhqwrgldowrqh 6HQG2SWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH6XEDGGUHVV RII 6HFXUH6HQG 6HFXUHVHQG UURU&RUUHFW&06HFXUH6HQG2SWLRQV 8VHWKHVFUROONH\ WR VHOHFWUURUFRUUHFW&0@ DQGSUHVVQWHU@ UURUFRUUHFW&0 UURU&RUUHFW&02SWLRQVDQGSUHVVQWHU@ 2II 8VHWKLVRSWLRQWRVZLWFKRIIUURU&RUUHFW0RGH Wkhvxedgguhvv 6XEDGGUHVV6XEDGGUHVV68% 7UDQVPLWDGRFXPHQWWRDUHPRWHVXEDGGUHVV RII 6XEDGGUHVV 6HOHFWLYHSROOLQJ63Wlph Vxedgguhvv 6XEDGGUHVV68% 8VLQJWKHQXPHULFNH\SDG 3ROOLQJDRFXPHQWXVLQJD6XEDGGUHVV 8VHWKHVFUROONH\ WR VHOHFW6XEDGGUHVV@DQG SUHVVQWHU@ 6HOHFWLYH3ROOLQJ63 6HOHFWLYHSROOLQJ63 6HQG$IWHU6FDQ UURUFRUUHFW&0 RQ8VHWKHVFUROONH\ WR VHOHFW6HQGDIWHUVFDQ@DQG SUHVVQWHU@ 6HQGDIWHUVFDQ 6HQG$IWHU6FDQ2SWLRQV Rqjruljlqdo 8VHWKHVFUROONH\ WR VHOHFW/RQJRULJLQDO@DQG SUHVVQWHU@ RQJ2ULJLQDO2SWLRQV 2Q 8VHWKLVRSWLRQWRHQDEOHDORQJRULJLQDOWREHWUDQVPLWWHG LVWHQWRLDO7RQH LVWHQWRLDO7RQH2SWLRQVSroolqjrshudwlrqvirudqlqglylgxdomre 8VHWKHVFUROONH\ WR VHOHFW/LVWHQWRGLDOWRQH@DQG SUHVVQWHU@ 1XPEHURI3DJHV 6HQGRSWLRQV Lvwhqwrgldowrqh6HFXUHUHFHLYH 1XPEHURISDJHV Sdjhfrxqwlvgliihuhqw 6HFXUH5HFHLYH0DQXDO 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV6HFXUH5HFHLYH2SWLRQV Shulrgvshflilhglqwkhghidxowvhwwlqj 3ULQW5HSRUW 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH3ROOLQJ 0HQXPDS 3ULQWUHSRUW 3ROOLQJ 0HQXPDS 3ROOLQJ3ROO 6FDQWREHSROOHG 3ROO $GGVHFXULW\FRGH6HFXULW\FRGH URXS3ROO 6FDQWREHSROOHG 6HQGWKHQSROO 8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV IWKH*URXSQXPEHUVWREH Dqghqwhuwkhjurxsqxpehu 0DQXDO*URXS 6FDQWREH3ROOHG ZLWKRXWVHFXULW\RSWLRQVDVVLJQHGRswlrqvduhdydlodeohirupxowlsrooerhv Jlyhqwlph 0XOWLSROOER 6FDQWREHSROOHG6WRULQJDRFXPHQW 3ROORQFHER 6HFXULW\ RII 6HFXUHIDQXPEHU RII6HFXULW\ RII 6HFXUHIDQXPEHUPD 7R5HSODFHRU$GGD6WRUHGRFXPHQW Grfxphqwwrehsroohg8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV QWHU@ 6HOHFW6WDUW@WRVFDQWKH 5HWDLQ GHWDLOVXVHGSUHYLRXVO\6HOHFWWKHFKDQJHRSWLRQ 7RGHOHWHDQGUHSODFHWKH Surfhgxuh 6HQGWKHQSROO8VHWKHVFUROONH\ WR VHOHFW6HQGWKHQSROO@DQG SUHVVQWHU@ 6HOHFWDQ\DGGLWLRQDOID RQWLQXRXV3ROOLQJ Rqwlqxrxvsroo Qwhuydo EhwzhhqfdooQWHUVHFXULW\FRGH PLQ RQWLQXRXV3ROOLQJVWDUWV Ohdufxuuhqwvhwwlqjv HOHWLQJ&RQWLQXRXV3ROO-REVUhhqwhuwkhlqirupdwlrq 7RFOHDUWKHFRQWLQXRXVSROO Uhsruwirupdw 0HQXPDS 3ULQWLQJDFFHSWHG7KHPHQXPDSSULQWV 7875HOD\&RPPXQLFDWLRQV 2ULJLQDWRU 5HOD\ 6WDWLRQVwdwlrqvjurxsv QG6WDWLRQVXSWR 6HQG5HOD\ 127$3DVVZRUGLVUHTXLUHGUHFHLYHWRD5HOD\%R 6HWWLQJXSD5HOD\6WDWLRQ 3KRQHERRNSDJH 0DLOERVHWXS5HOD\ 5HOD\HQGQXPEHUFuhdwh 3UHVV3KRQHERRNNH\ 2QHWRXFKNH\ 3KRQHERRN $OSKDGLDO Urxsgldo2QHWRXFKNH\ HUR $GGQHWQXPEHU 5HOD\WUDQVPLVVLRQUHSRUW 0DLOERVHWXS 0DLOERGHOHWHHOHWLQJD5HOD\%R Uhprwhxvhu 6HOHFW0DLOERVHWXS@DQG SUHVVQWHU@ 0DFKLQHGHIDXOWV RS\GHIDXOWV Kdqjlqjdhidxowv8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG SUHVVQWHU@ Dghidxowv Lqhprqlwru 5HFHLYHLQWHUYDODhidxowv 6HWWLQJV Hvfulswlrq 3KRQHERRNVHWXS 6HWWLQJV Hvfulswlrq Lqhprqlwru $OZD\V Rshudwlrqv5HFHLYHLQWHUYDO NH\V 6HWWLQJV Hvfulswlrq 5HVROXWLRQ Ldoprgh 6HWWLQJV Hvfulswlrq 5HGLDOV QwhuydoXVLQJWKHVFUROONH\V 1RRIUHGLDOV 6HWWLQJV Hvfulswlrq $QVZHUPRGH 0HPRU\VHQG Ryhuvkhhw 6HWWLQJV Hvfulswlrq 6HFXUHVHQG5HVHQGVWRUHGID 6HWWLQJV Hvfulswlrq 6HQGKHDGHU 6HQGDIWHUVFDQ$FFRXQWFRGH 6HSDUDWRUSDJH 6HFXUHUHFHLYH 6HWWLQJV5HFHLYHWRPHPRU\ 6HWWLQJV Hvfulswlrq 5HGXFHUHFHLYH Lvfdughwud5HIXVHMXQNPDLO 5HFHLYHKHDGHU D5HSRUWV Dpsoh RGH 33ROOLQJ0DLOER 6WDWXV RQILUPDWLRQ5HSRUW D3ROO5HOD\5HSRUWVRQILUPDWLRQ5HSRUW0HPRU\6HQG URXS6HQG5HSRUW Qeuv Zkhuhdqhuururffxuuhg URXS3ROO5HSRUW8QVXFFHVVIXO 5HOD\2ULJLQDWRU5HSRUW 5HOD\ERQXPEHUUhgxfhsulqw 1XPEHURISDJHVWUDQVPLWWHG 5HOD\6WDWLRQ5HSRUW 5HOD\HVWLQDWLRQ5HSRUW QeuvQxpehuvzkhuhdqhuururffxuuhg 6XFFHVVIXOQEUV LVWRI6SHHGLDO2QH7RXFKRU*URXS RFDOWR0DLOER5HSRUW 5HPRWHWR0DLOER5HSRUW 5HOD\6WDWLRQ5HSRUW Reqxpehu 0DLOERQEU 0DLOERQXPEHU 0DLOERW\SHErdug Zdvhqwhuhg KDQJLQJ5HSRUWVHIDXOWV 5HSRUWGHIDXOWV5HFHSWLRQUHSRUWV Lqglylgxdoqhhgv 5HSRUWHIDXOWV 2SWLRQV Hvfulswlrq $FWLYLW\UHSRUWRU5HFHLYHG@ $XWRSULQW Frppxqlfdwlrqvrffxu 2SWLRQV Hvfulswlrq DSROOUHOD\ 6HQGWUDQVPLVVLRQVHOHFW2II@ Rqilupdwlrquhsruw Vhqguhvxowv DHIDXOW6HWWLQJ 2SWLRQVRQILUP0HPRU\ 3ULQWV0HPRU\6HQG7UDQVPLVVLRQ VHOHFW$OZD\V@ UhvxowvUrxssroouhsruw 3ULQWV*URXS3ROOLQJ7UDQVPLVVLRQ 2SWLRQV Hvfulswlrq 5HOD\VWDWLRQUURURQO\@ 3ULQWVUHVXOWVIRU5HOD\ SDUW\ 2SWLRQV Hvfulswlrq 5HFHSWLRQUHSRUWVRfdowrpdloer QWHUQHWDDQG6FDQWRPDLO Hidxow &XVWRP 2YHUYLHZ Zrunvwdwlrqv7RXVHWKH,QWHUQHWDDQG6FDQWRPDLOIXQFWLRQVWKHPDLO 5HFHLYHDQGSULQWPDLOPHVVDJHVIURP3&¶VDQG QWHUQHWDDQG6FDQWRPDLO3URFHGXUH 7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV Uhtxluhg 7RUQZULQNOHGFXUOHGRUIROGHGVKHHWV 127RULQVWUXFWLRQVRQ Qwhupdlodgguhvvpd QWHUQHWD.H\HDWXUHV.H\ 6FDQWRPDLO.H\ 6HOHFWWKHHDWXUHV MRMR#HURFRP QWHUWKHPDLO$GGUHVV\SDGWRHQWHUWKHHPDLO Dgguhvvriwkhuhflslhqw \ERDUGOLS3DQHO 6HOHFWRULJLQDOVLH $ $ $ Uhtxluhvfdqqlqjxvlqjwkhgrfxphqwjodvv 6FDQQHWRULJLQDO 5HFHLYLQJ 0RGH7KHIROORZLQJUHFHLYLQJPRGHVDUHDYDLODEOH Dqgsulqwvrxwwkhpdlo 0DQXDO5HFHLYH $XWR5HFHLYH7RPDQXDOO\FKHFNLIDQHPDLOKDVEHHQUHFHLYHG 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV 3UHVVWKH5HVROXWLRQ@NH\ 5HVROXWLRQ XvwrpDQGSUHVVQWHU@ Iwkhuhvroxwlrqriwkh 6HOHFW5HFHLYHUSDSHUVLH \RXNQRZWKH5HFHLYHUSDSHU VLH Ehlqjvfdqqhg 3KRWR Looxplqdwhg 2ULJLQDO7\SH.H\ LUHFW$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 / $XWR Khfnpdlo 3ULQWLQJD0HQX0DS$GGHGIHDWXUHV Uhfhlyhghpdlov RUN&HQWUH3UR8VHU*XLGH 3KRQHERRN 7KLVFKDSWHUSURYLGHVLQVWUXFWLRQVRQSODQQLQJVHWWLQJXSDQG 6HWWLQJXSWKH3KRQHERRN 3ODQQLQJWKH3KRQHERRNDydlodeoh Rxwvlgholqh 8VHWKHIROORZLQJOLVWDVDQDLGLQSODQQLQJWKH3KRQHERRN Uhtxluhguhsruwv 6HWWLQJ8S6SHHGLDO1XPEHUVGldohgdiwhuwkhuhgldodwwhpswv 3KRQHERRNVHWXS 7R$VVLJQ6SHHGLDO1XPEHUVQWHUWKH6SHHGLDO1XPEHU 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ QWHUWKH6SHHGLDO1DPH Dqxpehu $OWHUQDWHIDQXPEHU Drswlrqv Pdlodgguhvv PdlorswlrqvQWHUWKHD1XPEHU Drswlrqv QwhudowhuqdwhidqxpehuHOD\VHQG Rqilupdwlrquhsruw Lvwhqwrgldo 6XEDGGUHVV Iqrdrswlrqvduh UHTXLUHGVHOHFW2II@DQG SUHVVQWHU@ Pdlorswlrqv Rqilupdwlrquhsruw 5HFHLYHUFDSDELOLW\QWHUWKHPDLO$GGUHVV 6HOHFWWKH6SHHGLDOPDLO2SWLRQV Drswlrqv Pdlodgguhvv Pdlorswlrqv Dqxpehu6HOHFWRQHWRXFKNH\RU 3UHVV175LIGRQH 6HWWLQJ8S2QH7RXFK.H\V 7R$VVLJQ2QH7RXFK.H\VDiwhuwkhuhgldodwwhpswv 8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG 2QH7RXFKNH\ 2QH7RXFKNH\QWHUWKH2QH7RXFK1DPH 3UHVV2QHWRXFKNH\ RUN&HQWUH3UR8VHU*XLGH 6HOHFWWKH2QH7RXFKD2SWLRQV 6HOHFWWKH2QH7RXFKPDLO2SWLRQV $OWHUQDWHIDQXPEHU 2QHWRXFKNH\QWHU6SHHGGLDOQXPEHURU 3UHVV175LIGRQH 6HWWLQJV 0RGLI\LQJRUHOHWLQJ6SHHGLDORU2QH7RXFKDVVLJQHG´PHVVDJHGLVSOD\V 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ DQGSUHVVQWHU@ 2QHWRXFKNH\V 6SHHGLDOZKLFKUHTXLUHVPRGLI\LQJRU Ghohwlqj D2SWLRQV D2SWLRQ 2SWLRQV Hvfulswlrq RQHHOD\6HQG Lvwhqwrldo D2SWLRQ 2SWLRQV Hvfulswlrq 6XE$GGUHVV Qxphulfgljlwvpdlpxp6XEDGGUHVV68% Surpswhgqxphulfgljlwv PDLO2SWLRQ 2SWLRQV Hvfulswlrq RQH PDLO2SWLRQV5HFHLYHU&DSDELOLW\ 6HWWLQJ8S*URXS1XPEHUV Lhogv Rpphqwv 7R3UHVHW1XPEHUVWRD*URXS DQGSUHVVQWHU@ 8VHWKHVFUROONH\ WR Urxs URX SPdlodgguhvvvhwxs Qwhujurxsqxpehu 5HYLHZOLVW $GGQHWQXPEHU 5HYLHZOLVWEhhqpdgh Qwhuvshhggldo RURQHWRXFKNH\ VFUHHQUHGLVSOD\V 7KH*URXSVHWWLQJLQLWLDO 8VHWKHVFUROONH\ WR VHOHFW*URXSV@DQGSUHVV QWHU@ RUGHOHWHWKH³$OUHDG\DVVLJQHG´PHVVDJHGLVSOD\V 0RGLI\GHVWLQDWLRQV 5HWDLQ 7RHOHWHD*URXSQWHUWKH*URXSQXPEHUWR 7KH*URXSQXPEHULVGHOHWHG HUR6XSSOLHV Hohwh 0RGLI\ 0RGLI\LQJD*URXSKHQ\RXKDYHFRPSOHWHG 8VLQJWKHVFUROONH\VVHOHFW LOOLQJRXWWKH2QH7RXFK/DEHO 2QH7RXFKNH\V 8VLQJWKH3KRQHERRN 6SHHGLDOLQJ8VLQJ6SHHGLDOLQJ 6SHHGLDOLQJ $OSKDLDOLQJ Urxsldolqj 2QH7RXFKLDOLQJ 8VLQJ$OSKDLDOLQJ $OSKDLDOLQJ3KRQHERRNV $OSKDGLDO 6SHHGGLDO6DOHV 6DOHVHSDUWPHQW 6XSSOLHV Urxsldolqj Urxsgldo8VLQJ*URXSLDOLQJ 6SHHGGLDO $OSKDGLDO 2QH7RXFKLDOLQJ 2QHWRXFKGLDO8VLQJ2QH7RXFKLDOLQJ 2QHWRXFKNH\ Hurxursh 0DLQWDLQLQJWKH3URGXFW OHDQLQJWKHRUN&HQWUH3UR OhdqlqjFOHDQLQJPDWHULDOVRQO\DVGLUHFWHGLQWKLVGRFXPHQWDWLRQ RQWURO3DQHO.H\ERDUG/&LVSOD\ RFXPHQWHHGHUDQG2XWSXW7UD\Gdpshqhgzlwkzdwhuru 7RHQVXUHRSWLPXPLPDJHTXDOLW\DWDOOWLPHVFOHDQWKH 7UDQVIHU&RURWURQLUH SulqwrudzklwholqhdsshdulqjlqwkhgluhfwlrqriwkhsdshuihhgVwhsvirufohdqlqjlqvwuxfwlrqv 2SHQWKH6LGH&RYHU 7KH7UDQVIHU&RURWURQLUH OHDQLQJ7RROKDVWZR6KRXOGHUV Vkrxoghuv RUN&HQWUH3UR8VHU*XLGH 7UDQVIHU &RURWURQLUH Fdvlqj 2UGHULQJ6XSSOLHV Xvwrphu 3DUW1XPEHUXursh 7RQHU&DUWULGJH UXP&DUWULGJH XVWRPHU5HSODFHDEOH8QLWV 5HSODFLQJWKH7RQHU&DUWULGJHLqvwdoodqhzwrqhufduwulgjh Rqwkhfduwulgjher 5DLVHWKHFDWFKWRXQORFNDQG UHOHDVHWKH7RQHU&DUWULGJH 3XOOWKHWDEWRUHPRYHWKH QVWDOOWKH1HZ7RQHU ORVHWKHURQW&RYHU 5HSODFLQJWKHUXP&DUWULGJH 7RRSHQWKH$XWRXSOH8QLW Xvlqjwkhlqvwuxfwlrqv ³5HSODFLQJWKH7RQHUDUWULGJH´RQSDJH Hwhqghgshulrg $V\RXZLWKGUDZWKHUXP &DUWULGJHVXSSRUWLWE\ 5HPRYHWKHQHZUXP Duwulgjhiurpwkher DFN URQW5LJKW Hiwurqw Iroorzlqjlooxvwudwlrqv 5HPRYHWZRSLHFHVRIWDSH Wdsh 3XOOWDEVQXPEHUHGWR 3XOOWDEWRXQIROGSURWHFWLYH Sdshu RPSOHWHO\UHPRYHDOOWKH Sdshudqgdvvrfldwhgwdsh Sodvwlfvwulsdorqjwkherwwrp Surwhfwlyhsdfndjlqj Ohiw RUN&HQWUH3UR8VHU*XLGH 5HSODFLQJWKH2RQHLOWHU Orvhdoofryhuvdqggrruv3XVKRXWWKHHLVWLQJXVHG Uhfhswdfoh 5HLQVWDOOWKH2RQHILOWHU 5HSODFLQJWKH6WDSOH&DUWULGJH WkhvwdsohuxqlwULSSLQJWKHVLGHVRIWKH6WDSOH Orvhwkhwrsfryhuriwkh Frqyhqlhqfhvwdsohuxqlw RDGLQJWKH3DSHU7UD\V RDGLQJ3DSHU8SWRWKUHHSDSHUWUD\VFDQEHLQVWDOOHGRQWKHRUN&HQWUH3UR \RXZLVKWRORDGSDSHURID Wkhluqhzsrvlwlrq 7RDGMXVWWKH/HIW*XLGH JxlghvJxlghlqwrlwvqhzsrvlwlrq HIW*XLGH RXUZD\ Qwhu 0DFKLQHVWDWXVGluhfwlrqdoduurzv 0DFKLQHGHIDXOWV 3DSHUWUD\V6HOHFWSDSHUVLH RS\GHIDXOWV Dghidxowv HDWXUHVNH\ RDGLQJWKH%\SDVV7UD\ RUN&HQWUH3UR8VHU*XLGH DVLF7URXEOHVKRRWLQJ Surylghg DP&OHDUDQFH $FFHVV$UHDV7KHUHDUHWKUHHW\SHVRIMDP 3DSHUSDWK-DP RQYHQLHQFH6WDSOHU-DP 8VHWKHVFUROONH\ WR Surfhhgwrwkhqhwvwhsdqg SUHVVQWHU@ Ohdusdshumdp 2SHQVLGHFRYHU 3UHYHQWLQJ3DSHU-DPV 6SHFLILFDWLRQVWKHMRE7KHRULHQWDWLRQRIWKHSDSHULQWKHSDSHUWUD\PXVW Uljkwkdqgvlghfryhu Ohdusdshumdp &ORVHVLGHFRYHU DPSOHRIRFXPHQWHHGHU$$-DP Ruljlqdo Duplqjxs DPSOHRI&RQYHQLHQFH6WDSOHU-DP3UHVVVWDUWWRUHVXPH DOOLQJIRU6HUYLFH LVSOD\LQJUURU&RGHVXVWRPHU6XSSRUW7HOHSKRQH1XPEHU 7KHWHOHSKRQHQXPEHURIWKHHURHOFRPH&HQWUHRU\RXU UURU0HVVDJHV UURU0HVVDJHVDQG&RGHVUURU0HVVDJH 7UD\LVQRWUHDG\ 0HPRU\HUURU XV\QRDQVZHU Hdwxuhxqdydlodeoh 3RZHUIDLOXUH 0HPRU\LVIXOOOHQJWKLO\SRZHUIDLOXUH DQ\ORVWFRPPXQLFDWLRQ Qxpehuriruljlqdosdjhv $GGSDSHUUhpryhg Srzhu UURU&RGHV 7HPSRUDU\ 7UD\HUURUPhfkdqlvp Huuru 7UD\HUURU Fryhuv Vhqvru FryhudiwhuzdugvMDP Orvhfryhuvdiwhuzdugv SDSHU&ORVHFRYHUV VHQVRUIURP7UD\Orvhfryhuv RSHQHGGXULQJFRS\LQJ Lihhqg 5HSODFHUXP&DUWULGJH7RQHULVQHDUO\HPSW\ 5HSODFHWRQHUFDUWULGJH 5HPRYHSDSHUIURPWUD\ Qhdududgldwru PDJH4XDOLW\3UREOHPV2SHUDWRURUDORFDOVHUYLFHUHSUHVHQWDWLYH 7UDQVPLVVLRQ3UREOHPV D3UREOHPV7URXEOH KHFN3RLQW QRUPDOO\ IhhghuruidfhgrzqrqwkhgrfxphqwjodvvEhlqjvhqw UHPRWH$HYHQWKRXJKLWLV 5HFHSWLRQ3UREOHPV VWKHVSHFLILHGSDSHUW\SHEHLQJXVH +DVWKHSDSHUEHHQVWRUHGFRUUHFWO\Dxvh +RZWR&RUUHFW RGH 3DSHU-DP Uuru Dxvh +RZWR&RUUHFW 0DFKLQHHIDXOWV6HWXSV KDQJLQJ0DFKLQHHIDXOWV Hidxowvhwwlqjlvwkhqsurylghg7KH0DFKLQH6WDWXVPHQX 7KH0DFKLQHHIDXOWVRSWLRQV 3DSHU7UD\V 8VHWKHVFUROONH\ WR VHOHFWDWUD\DQGSUHVV QWHU@ Donxsvfuhhq DONXS6FUHHQ3DSHUWUD\V 7LPHUV 7LPHUV7LPH2XW 6WDQGE\0RGH 7LPHRXW6WDQGE\ PLQ Ydoxh 6WDQGE\ PLQ6OHHS0RGH 7LPHRXW 6WDQGE\PRGH RUN&HQWUH3UR8VHU*XLGH QWHUUXSW.H\ QWHUUXSWNH\6SHDNHUYROXPH Hsduwphqwfrgh Lvdeoh 6SHDNHU9ROXPH 6SHDNHUYROXPHQWHUUXSWNH\ \WRXFKYROXPH 5LQJHUYROXPH 0RQLWRUYROXPH Vhwwlqj 3UHVVQWHU@ HSDUWPHQW&RGHV WKHQPRQLWRUHDFKGHSDUWPHQW¶VXVDJHIRUVHWWLQJXSLQGLYLGXDOHSDUWPHQW&RGHV Iruhdfkghsduwphqw Hsduwphqwfrghv 0DVWHUFRGHQWHUUXSWNH\ 6SHDNHUYROXPH 0DVWHUFRGHQXPEHU Qwhupdvwhufrghqdphpd 0DVWHUFRGHQXPEHU Qwhupdvwhufrgh 6HWXSRILQGLYLGXDOHSDUWPHQW&RGHV8VHWKHVFUROONH\ WR VHOHFWHSDUWPHQWFRGH@ DQGWKHQSUHVVQWHU@ Qwhupdvwhufrghru Qwhughsduwphqwfrgh Hsduwphqwqxpehu Qwhughsduwphqwqdphpd Hohwhdoofrghv 3ULQWDOOFRGHVVhwxsvfuhhqvlvsurylghg Hsduwphqwqxpehu Qwhupdvwhufrgh Qwhupdvwhufrghru Qwhughsduwphqwfrgh 3UHVVQWHU@HOHWHDOOFRGHV6HOHFW0RGLI\FXUUHQWFRGHV@ 0RGLI\LQJDQGHOHWLQJHSDUWPHQW&RGHVWRPRGLI\HLVWLQJFRGHV HS0RGLI\DUWPFXUUHQWHQWFRGHVFRGHV Hsduwphqwqxpehu 8QDYDLODEOH$OUHDG\DVVLJQHGHsduwphqwqxpehu Hohwhg 7KHFRGHLVGHOHWHG Qwhughsduwphqwqdphpd 8VLQJHSDUWPHQW&RGHV Qwhu Ghsd Uwphq Wfrgh 5HPRWH6HUYLFH 4XLFN3DWKZD\ 0DFKLQH6WDWXV Hidxowvhwwlqjv 5HPRWHVHUYLFH 5HPRWHVHUYLFH 5HPRWH$FFHVV5HPRWHDFFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHVRUGHU Rzqordglupzduh Rzqordgilupzduh5HPRWHDFFHVV 8VHWKHVFUROONH\ WR VHOHFWRZQORDGILUPZDUH@ DQGWKHQSUHVVQWHU@ 5HPRWH3DVVZRUG 6HWUHPRWHSDVVZRUG5HPRWHDFFHVV Rzqordgilupzduh Sdvvzrugpd 6XSSOLHV2UGHU 6HWWLQJXSHVWLQDWLRQ5HPRWHDFFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHV 2WKHULQIRUPDWLRQ Hvwlqdwlrqvhwxs 6XSSOLHVRUGHU6HOHFWVXSSOLHV 7RQHURUGHULQJ Qwhusduwqxpehu QWHUTXDQWLW\6HOHFWDXWRRUGHU 6HOHFWDXWRRUGHU Qwhusduwqxpehu 2WKHULQIRUPDWLRQ QWHULQJ2UGHUHWDLOVHvwlqdwlrqvhwxs 6XSSOLHV Rqwdfwqdph Rqwdfwwhoqxpehu 6KLSWRQDPH 6KLSWRDGGUHVV 6XSSOLHVRUGHUUHSRUW 3ULQWLQJWKH6XSSOLHVRUPHidxowvhwwlqjv Hsduwphqwfrgh 6HWWLQJVUHSRUW Hsduwphqwfrgh 6HWWLQJUHSRUW 6XSSOLHVRUGHUUHSRUW 3ULQWLQJ5HSRUWV7KHUHDUHWKUHHUHSRUWVWKDWFDQEHSULQWHGIURPWKH HSDUWPHQW&RGH5HSRUW Hsduwphqwfrgh 6HWWLQJV5HSRUW DUG7LPHW\SHRXW 7R3ULQWWKH6HWWLQJV5HSRUW 6HWWLQJVUHSRUW6XSSOLHVRUGHUUHSRUW 7R3ULQWWKH6XSSOLHV2UGHU5HSRUW 6XSSOLHV2UGHU5HSRUWRulqirupdwlrqrqvhwwlqjxswkhuhsruwuhihuwrsdjh KDQJLQJWKH,QLWLDO6HWXS Hidxowvhwwlqjv 3ULQWUHSRUWWkhvhwxsvdydlodeoh 0DFKLQH6HULDO1XPEHU XVWRPHU6XSSRUW DWH7LPH QLWLDO6HWXSDWH7LPH 6HWWLQJ 7LPHIRUPDW GD\ 7XH7LPHRUPDW 6HWWLQJ Dwhirupdw Dwhrupdw6HWWLQJ 7LPHIRUPDW 0RQWKRUPDW 0RQWKIRUPDW Rfdoldwlrq Rfdoldwlrq0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN Phdvxuhphqwvlqlqfkhvruploolphwuhv Dqjxdjh DqjxdjhRfdoldwlrq Wdoldqr Hxwvfk 1HGHUODQGV 0DFKLQH 0DFKLQH6HOHFW0DFKLQH,@XVLQJWKH VFUROONH\ Dqgsuhvv QWHU@ RXQWU\FRGH ID&RXQWU\FRGHLVQRW 0DFKLQH6HULDO1XPEHU 0DFKLQHVHULDOQXPEHU6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ Wkhvhwxsv Xvwrphuvxssruw XVWRPHU6XSSRUWXvwrphuvxssruwqxpehu HURVXSSO\QXPEHU HUR6XSSO\1XPEHU 1HWZRUN 0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 0HQX0DS Hidxowvhwwlqjv 3ULQWUHSRUW QlwldovhwxsVFUROONH\ Dqgsuhvv QWHU@ 6HOHFW0HQXPDS@XVLQJWKH 6HOI7HVW $XWRPDWLF7HVW6HOIWHVW Qglylgxdowhvw 3ULQWWHVWUHVXOW QGLYLGXDO7HVW $XWRWHVWQglylgxdo WHV W 3ULQW7HVW5HVXOW 3ULQWWHVW$XWRWHVW Qglylgxdowhvw 8VHWKHVFUROONH\ WR VHOHFW3ULQWWHVWUHVXOW@ 3UHVVQWHU@ XVWRPHU6XSSRUW1XPEHU 6HOIWHVW 0DFKLQH6HULDO1XPEHU 6HOIWHVW XvwrphuvxssruwqxpehuHURVXSSO\QXPEHU 7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV 6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ HUR6XSSO\1XPEHU 6HOIWHVW Xvwrphuvxssruwqxpehu 0DFKLQHVHULDOQXPEHU7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV XVLQJWKHVFUROONH\ DQG SUHVVQWHU@ 7RWDO3ULQW&RXQWHU 7RWDOSULQWFRXQWHU 0DFKLQH5HYLVLRQV 0DFKLQHUHYLVLRQV RUN&HQWUH3UR8VHU*XLGH 7KLV$51,1*0DUNDOHUWVXVHUVWRKHDWHGVXUIDFHV 7KLVSURGXFWLVHTXLSSHGZLWKDZLUHW\SHSOXJSURYLGHG Frxogfuhdwhdkddugrxvvlwxdwlrq PdwhuldovrxwriuhdfkrifkloguhqGdpdjhwrwkhsurgxfw Xqohvvsurshuyhqwlodwlrqlvsurylghg 6DIHW\6WDQGDUGV Iroorzlqjqxpehu 5HJXODWRU\,QIRUPDWLRQ UhodwhgwrorzyrowdjhhtxlsphqwUHSUHVHQWDWLYHRUE\FRQWDFWLQJ QYLURQPHQW+HDOWKDQG6DIHW\ Qjodqg Wdnhdghtxdwhphdvxuhv DXWKRULW\WRRSHUDWHWKLVHTXLSPHQW DVHU6DIHW\ 7KHOHFWULFLW\DWRUN5HJXODWLRQV8.21QDWLRQDOVWDQGDUGVERG\ Vhuylfhgdqgpdlqwdlqhgdwdoowlphv Vdih PDLQWDLQHGE\FRPSHWHQWSHUVRQV$165 7KHUHJXODWLRQSODFHVDGXW\RQDOOHPSOR\HUV 7KHUHJXODWLRQGRHVQRWLPSRVHRQDPRQJVWRWKHUV 2UJDQLDWLRQIRUIXUWKHULQIRUPDWLRQ RQWKH52HTXLSPHQWLQP\SUHPLVHV4867,21 ,UHTXLUHUHFRUGVRIDOOWHVWV 3OHDVHFRQWDFWWKH52/LPLWHG&XVWRPHU6HUYLFH Huwlilfdwlrqwr 5HJXODWLRQV 6HQG+HDGHU5HTXLUHPHQWVDWD&RXSOHU,QIRUPDWLRQ Lqydolgdwhlwvfhuwlilfdwlrq RUN&HQWUH3UR8VHU*XLGH $ XQGHU&&UXOHV HDUO\PRUQLQJKRXUVRUODWHHYHQLQJV7KHWHOHSKRQHFRPSDQ\PD\PDNHFKDQJHVWRLWV PPHGLDWHO\QRWLI\\RXRIWKHLUWHPSRUDU\DFWLRQ DQDGLDQ&HUWLILFDWLRQ Duhdv5HSDLUVWRFHUWLILHGHTXLSPHQWVKRXOGEHPDGHE\DQ 1RWLFH7KH5LQJHUTXLYDOHQFH1XPEHU51DVVLJQHGWR QYLURQPHQWDO&RPSOLDQFH QHUJ\6WDUŠ $SSHQGL%6SHFLILFDWLRQV 7KHRUN&HQWUH3URDGKHUHVWRVWULFWVSHFLILFDWLRQV 0DFKLQH6SHFLILFDWLRQV +DUGZDUH&RQILJXUDWLRQ0DFKLQHHLJKW $FFHVVLELOLW\ RS\6SHHG RS\0DJQLILFDWLRQVDUPXS7LPH =RRPUDQJHWRLQLQFUHPHQWV $SSURYHG0HGLD \SDVV7UD\ HQWUH7UD\ OHFWULFDO6SHFLILFDWLRQVXursh 6WDFNLQJ&DSDFLW\ DSSURLPDWHO\VKHHWV HOLYHU\ Idfhgrzqlqrughu RUN&HQWUH3UR8VHU*XLGH 1XPHULFV $SSHQGL$6DIHW\1RWHVA-13URFHGXUH6-14 6SHFLILFDWLRQVB-4 DOOLQJIRU6HUYLFH9-7 Kdqjlqjhidxowv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

&RPSRQHQWV

$XWRPDWLF￿'RFXPHQW￿)HHGHU￿￿$')￿

'XSOH[￿$XWRPDWLF￿'RFXPHQW￿)HHGHU￿￿'$')￿

&RQVWDQW￿9HORFLW\￿7UDQVSRUW￿￿&97￿￿*ODVV

GRFXPHQW￿JODVV￿

RULJLQDOV￿

2IIVHW￿&DWFK￿7UD\￿￿2&7￿

LQIRUPDWLRQ￿DERXW￿DSSURYHG￿PHGLD￿