HQWUH7UD, OHFWULFDO6SHFLILFDWLRQV, Xursh

)RU8VHLQ%\SDVV7UD\2QO\

7UDQVSDUHQF\ $;HUR[5

/HWWHU[;HUR[5

/DEHOV $;(52;5XS $;(52;5XS /HWWHU[;(52;5XS /HWWHU[;(52;5XS

&DUGVWRFN $;(52;5

/HWWHU[;(52;5

7KHUHPD\EHVRPHSHUIRUPDQFHGHJUDGDWLRQZKHQXVLQJ WKHVHPHGLDW\SHV

127($OOWKH%\SDVV7UD\UHFRPPHQGHGPHGLDVKRXOGRQO\ EHIHGIURPWKH%\SDVV7UD\DQGQRWDQ\RWKHUSDSHUWUD\V

$SSHQGL[%6SHFLILFDWLRQV

&HQWUH7UD\

6WDFNLQJ&DSDFLW\ DSSUR[LPDWHO\VKHHWV

'HOLYHU\ IDFHGRZQLQRUGHU

(OHFWULFDO6SHFLILFDWLRQV

86$DQG&DQDGD

9ROW5DQJH+]DPSV

(XURSH

:RUN&HQWUH3UR8VHU*XLGH	9ROW5DQJHK]DPSV	%
	9ROW5DQJHK]DPSV

Page 457

Image 457

$Xerox 416 manual HQWUH7UD, OHFWULFDO6SHFLILFDWLRQV, Xursh, 6WDFNLQJ&DSDFLW\ DSSURLPDWHO\VKHHWV HOLYHU\ Idfhgrzqlqrughu$

Contents

8VHU*XLGH RUN&HQWUH3UR ‹E\HUR&RUSRUDWLRQ$OOULJKWVUHVHUYHG 3UHSDUHGE\FRPSDQLHVDUHKHUHE\DFNQRZOHGJHG \SRJUDSKLFDOHUURUVZLOOEHFRUUHFWHGLQVXEVHTXHQWHGLWLRQV 7DEOHRI&RQWHQWV 0XOWL$FFHVV&RPPXQLFDWLRQV RS\ KDQJLQJ3ULQWHUHIDXOWV QWHUQHWDDQG6FDQWRPDLO3URFHGXUH 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV 0DFKLQHHIDXOWV6HWXSV $SSHQGL$6DIHW\1RWHV$ 7DEOHRI&RQWHQWVYLLL HURRUN&HQWUH3UR8VHU*XLGH $ERXW7KLV*XLGH LQGLQJ,QIRUPDWLRQLQWKH8VHU*XLGH DVLF7URXEOHVKRRWLQJ&KDSWHU 0DLQWDLQLQJWKH3URGXFW&KDSWHU6DIHW\1RWHV$SSHQGL$ 6SHFLILFDWLRQV$SSHQGL% Bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb XVWRPHU6XSSRUW6HULDO1XPEHU3ODWH Lvlqvwdoohgrufrqyhqlhqfhdqgixwxuhuhihuhqfhsohdvh 2ULHQWDWLRQ RqyhqwlrqvPDJH2ULHQWDWLRQ 3RUWUDLW 2ULHQWDWLRQ HHG2ULHQWDWLRQ62ULHQWDWLRQ 4XLFN3DWKZD\ WDOLF7\SHIDFH +LQWV 1RWHVDxwlrqv Duqlqjv QIRUPDWLRQDYDLODEOHIRUWKHRUN&HQWUH3URFRQVLVWVRI 5HODWHG,QIRUPDWLRQ6RXUFHV RUN&HQWUH3UR8VHU*XLGH 7KLVFKDSWHUSURYLGHVDQRYHUYLHZRIWKHRUN&HQWUH3UR 3URGXFW2YHUYLHZ 5HDG\WRFRS\ \VWHP2YHUYLHZQwhuidqxpehupd $GGHGHDWXUHV Qwhughsduwphqwfrgh 8VLQJHSDUWPHQW&RGHVIxqfwlrqvlvdoorzhg 2Q2II6ZLWFK RUN&HQWUH3UR6WDQG Ljxuh 3DQHO Rqwuro $XWRPDWLFRFXPHQW2XWSXW URQW&RYHU Ljxuh XSOH$XWRPDWLF RUN&HQWUH3UR3LRFXPHQWHHGHU$ Rqwuro XQGHU$ 3DQHO Rqyhqlhqfh 2IIVHW 6WDSOHU &DWFK RUN&HQWUH3UR6L2Q2II6ZLWFK \SDVV URQW&RYHU $XWRPDWLFRFXPHQWHHGHU$ RpsrqhqwvXSOH$XWRPDWLFRFXPHQWHHGHU$ Grfxphqwjodvv 2SWLRQDO$GGLWLRQDO0HPRU\ \SDVV7UD\Gdpdjh Ljkwhqdunhq 6HOHFWWRDGMXVWWKHLPDJHFRQWUDVW 5HGXFHQODUJH RQWURO3DQHO&RPSRQHQWVDQGXQFWLRQ.H\VSdshu 3DSHU6XSSO\ TXDOLW\ SUHVVLQJWKHVHNH\V DffhvvwrLUHFW$FFHVV.H\V \ERDUG Hqwhuhg Djdlq6WDUW Ruljlqdov 0DQXDOLDO QWHUNH\ Hohwh HOHWHVDQHLVWLQJFKDUDFWHUHQWU\Vfuhhq Pdghwrwkhfxuuhqwvfuhhq 6FUROO.H\V Ixqfwlrqv OLS3DQHO7KHUHDUHWKUHHIOLSSDQHOVDYDLODEOH Ryhu OLS3DQHO Pdloixqfwlrqv 1XPHULF.H\SDG Kdudfwhuqwulhv6FUROO.H\V QVHUWDQGHOHWH.H\V 6HOHFW\RXUUHTXLUHGFKDUDFWHUE\XVLQJ RU NH\DQG SUHVVQWHU@ KDUDFWHU&RGH7DEOHSuhvvhg RUN&HQWUH3UR8VHU*XLGH Qwhuqdphpd 6SHHGGLDOQwhuqdphpd QVHUW@ RUUHFWLQJ&KDUDFWHUV NH\DQGSRVLWLRQWKH Ghohwhg 3UHVVHOHWH@ 3RZHULQJ2II 3RZHULQJ2QHohfwulfdorxwohw RFDWHWKH212VZLWFK 3UHVVOWRSRZHURQWKH 3RZHU6ZLWFK 6WDQGE\0RGH 6OHHS0RGHQHUJ\6DYHU 3RZHU6DYHQHUJ\6DYHU/LJKW QHUJ\ 6DYHU.H\ 6OHHS0RGHQHUJ\6DYHU 6WDQGE\0RGH Hdwxuhv 0RGHVRE6WDWXV 0DFKLQH6WDWXV RE6WDWXV.H\ HDWXUHV.H\ 3ULQWUHSRUW Qlwldovhwxs 0DFKLQHVWDWXV0DFKLQH6WDWXV2SWLRQV Hidxowvhwwlqjv Rfdoldwlrq Dqjxdjh Hsduwphqwfrgh 6HWWLQJVUHSRUW 6XSSOLHVRUGHUUHSRUW0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN $XWRWHVW Qglylgxdowhvw 3ULQWWHVWUHVXOW RUN&HQWUH3UR8VHU*XLGH Uhfhlylqjdgrfxphqw 0XOWL$FFHVV&RPPXQLFDWLRQV8VLQJWKHEXLOWLQPHPRU\PDQ\RSHUDWLRQVFDQEH 5HIHUWRWKH0XOWL$FFHVVXQFWLRQ7DEOHVWKDWIROORZ 6LQJOH&RS\ 0XOWL$FFHVVXQFWLRQ7DEOH/RFDO0DLOER,QSXW 0DLOER2XWSXW LUHFW6HQG 3ULQWLQJ Vdph LUHFW6HQG 0DLOER,QSXW 0DLOER2XWSXW 3ULQW5HFHLYHGLOH LUHFW6HQG 0XOWL$FFHVVXQFWLRQ7DEOH33ULQW5HSRUW0DQXDO 3ULQW5HSRUW$XWR RUN&HQWUH3UR8VHU*XLGH 6WDQGDUGHDWXUHV RDGWKH2ULJLQDOV RS\LQJ3URFHGXUHVlghgruljlqdov $XWRPDWLFRFXPHQWHHGHU$DQG XSOH$XWRPDWLFRFXPHQWHHGHU$ Wkhruljlqdov Uhtxluhg7KHILUVWSDJHVKRXOGEHRQ 6OLGLQJ Jxlghv Grfxphqwjodvvfryhu RFXPHQW*ODVV5HJLVWUDWLRQ Ruqhu 6HHSDJHLI\RXDUH 3UHVVHDWXUHV@ 3UHVVWKHHDWXUHV.H\RS\.H\HDWXUHV.H\ Vhohfwlrq 6HOHFWWKH&RS\HDWXUHVLGHQWLI\LQJZKLFKRSWLRQLVVHOHFWHG Ljkwhqdunhqsdjh 5HGXFHQODUJHSDJH QWHUWKH4XDQWLW\ 3UHVV6WDUW@DFKRULJLQDOLV VFDQQHGRQFHRQO\ 3UHVV6WDUW Lwkwkhgrfxphqwvidfhxs RQYHQLHQFH6WDSOHULqwrwkhvwdsohu 7KHVWDSOHUDXWRPDWLFDOO\ Vwdsohvwkhgrfxphqwv JPOESDSHU7KHVWDSOHFDUWULGJHKROGVVWDSOHV PDJH6KLIWDQGGJHUDVH 8VLQJ-RE,QWHUUXSWSDXVHWKHFXUUHQWMREWRPDNHDFRQYHQLHQFHFRS\ 2XWSXW 6WDQGDUG&RS\HDWXUHV2XWSXW 2XWSXW2SWLRQV 3URJUDPWKHIHDWXUHV Uhtxluhg 0DNLQJ&ROODWHG6HWVIURPWKHRFXPHQW*ODVV3ODFHWKHILUVWRULJLQDORQWKH Grfxphqwjodvvdqgsuhvv 3UHVVVWDUWWRUHVXPH 6FDQQHWRULJLQDO RQH Ljkwhq LjkwhqdunhqDunhq 0DQXDO 7RQHU6DYHU Rdgruljlqdov Rxwsxw LJKWHQDUNHQ2SWLRQV 5HGXFHQODUJH2SWLRQV 5HGXFHQODUJHQodujh $XWR 3UHVHW 6LHIRUVLHFRSLHV RUWKH$PHULFDVDQG&DQDGDWKHSUHVHW5HGXFHQODUJH Vhwwlqjvduh 3DSHU 3DSHU6XSSO\$XWR3DSHU 3DSHU6XSSO\2SWLRQV 2ULJLQDO7\SH2SWLRQV 2ULJLQDO7\SH7HW3KRWR 3KRWR Vlghg $GGHGHDWXUHVPDJH6KLIW 2ULJLQDO!&RS\ 6LGHG6LGHG2SWLRQV 8VHWKHVFUROONH\ WR RX QG2ULJL QDO RXQG2ULJLQDO2Q%RWKSDJHV 2Q%LQGHUUDVH Jodvv 2II 7KHIHDWXUHLVXQDYDLODEOH RXQG2ULJLQDO2SWLRQVHdfksdjhrqdvhsdudwhvkhhwrisdshu 2Q%RWK3DJHV &RSLHVERWKSDJHVRIDQRSHQERXQGGRFXPHQWDQGSODFHV Pdjh 6KL IW PDJH6KLIWHIW0DUJLQ 5LJKW0DUJLQ PDJH6KLIW2SWLRQV Gjhudvh GjhudvhGJHUDVH2SWLRQV 8VHWKHVFUROONH\ WR VHOHFWGJHUDVH@DQG SUHVVQWHU@ 8S2SWLRQV Dqglqfkruljlqdov RrnohwLQFKFRS\SDSHU Fruuhfwrughuwrsurgxfhderrnohw Vlghg RR NohwGjhudvh 2II $QQRW Dwlrq $QQRWDWLRQ3DJHQXPEHU $QQRWDWLRQ2SWLRQV XLOG-RE XLOG-RERuljlqdov \GHIDXOW%XLOG-RELVVHWWR2II 8VHWKHVFUROONH\ Wrvhohfw $GGHGHDWXUHV@ 6FDQ Qlqjlqwrphp RU\ 6HOHFWRULJLQDOVLH6FDQQLQJSDJH Vfdqqhg RQH 6HWWLQJTXDQWLW\VHOHFWHG 7KH6HWWLQJ@VFUHHQLV 6WRUHG-RE 6WRUHG-RE6WRUH 7R6WRUHD-RE 7R5HWULHYHD6WRUHG-RE 5HWULHYH6WRUH 8VHWKHVFUROONH\ WR VHOHFW$GGHGHDWXUHV@ 3DSHU7\SH2SWLRQV 7UDQVSDUHQF\ +HDY\ZHLJKWPdlpxp 8VHWKHVFUROONH\ WR VHOHFW3DSHU7\SH@DQGSUHVV QWHU@ 0HQXPDS 0HQX0DS3ULQWLQJDFFHSWHG Duhsruwirupdw Hidxowvhwwlqjv KDQJLQJ&RS\HIDXOWV0DFKLQHGHIDXOWV Lqglylgxdouhtxluhphqwv 2ULJLQDOW\SH Ljkwhqdunhq RS\GHIDXOWVDghidxowv RS\HIDXOWV 6HWWLQJV Hvfulswlrq 2ULJLQDO7\SH 6LGHV,PDJHG 6HWWLQJV HvfulswlrqRqhvlghgruljlqdov Wzrvlghgruljlqdov RUN&HQWUH3UR8VHU*XLGH FRS\LQJZLWKRXWFRUUXSWLQJDSULQWMRE IxqfwlrqvdydlodeohirusulqwlqjKHQWKHRUN&HQWUH3URLVFRQQHFWHGWRWKHQHWZRUN 7KHRUN&HQWUH3UR3LDQG6LKDYHWKHDELOLW\WRDOORZ Uhdwhwkhrfxphqw 3ULQWLQJ3URFHGXUHQhwzrun Dssolfdwlrqv DV\RXUSULQWHU 6HOHFW3ULQW 6HOHFW3URSHUWLHV@IURPWKH DSSOLFDWLRQ3ULQWZLQGRZ 6HOHFWWKH3ULQWHUULYHUHDWXUHVZlqgrz Grzqrswlrqvdqgfkhfn Erhvsurylghglqhdfk Wdeehgiroghu Khqdoowkhuhtxluhgihdwxuhv 3ULQWWKH-REZLQGRZGLVSOD\V VHOHFW&ORVH@ Resurfhvvlqjzdlw 5HWULHYHWKH3ULQW-REZkhqwkhmrezdvvhqw Phvvdjhv $FFHVVLQJ3ULQWHUHIDXOWV 0DQDJLQJ3ULQW-REV0DFKLQHGHIDXOWV RS\GHIDXOWV Dghidxowv Pdloghidxowv 5HSRUWGHIDXOWV 5HPRWHVHUYLFH Dqfhofxuuhqwmre 3ULQWHUGHIDXOWVDQFHOOLQJD3ULQWMRE Rufhihhg Rupihhg Dqfhofxuuhqwmre 6HWWLQJXSRUFHHHG Ruflqjdruphhg RufhgirupihhgDqfhofxuuhqwmre Rufhihhg Vwduw 8VLQJ-RE,QWHUUXSWGjhudvh KHQ\RXUFRS\MREKDV RQWURO2SWLRQV 3ULQWHUULYHUHDWXUHV Rqwhqwv ZLOOJLYH\RXPRUHGHWDLOHGLQIRUPDWLRQ6HDUFK 7DNHV\RXEDFNWRWKHSUHYLRXVWRSLFVFUHHQ QVWDOODEOH2SWLRQV 3ULQWHU&RQILJXUDWLRQPdlqsulqwhu Lqwhuplwwhqwmrevuhtxlulqjqrqvwdqgdugsdshuvlhv 0HPRU\ ,I\RXKDYHLQVWDOOHGDGGLWLRQDOPHPRU\LQWKHSULQWHUVSHFLI\ Wkhwrwdodprxqwlqvwdoohg 2IIVHWXQFWLRQ 3DSHU2XWSXWRslhv Grfxphqw 6HOHFW3DSHUGhshqglqjrqorfdoh Vhwwlqjvlqwkhdssolfdwlrq RswlrqDEODQNVKHHWRISODLQSDSHUEHWZHHQHDFKWUDQVSDUHQF\VKHHW XVHIXOZKHQ\RXSULQWLWHPVVXFKDVWUDQVSDUHQFLHVDQGZDQW Roodwlrq 6LGHG3ULQWLQJ8QFROODWHG Roodwhg 6LQJOHVLGHGSULQWLQJ7KLVLVWKHGHIDXOW Odqgvfdshrulhqwdwlrq 2XWSXWHVWLQDWLRQVhohfwlqjwkhsulqwhu 1RUPDO \RXWErughu 3ULQWVDVWDQGDUGSDJH1RUPDOLVWKHGHIDXOW 3DJHVXS 0XOWLSOHXS UD\VFDOH PDJH2SWLRQVGhvljqhgzlwkfroru Gldorj Dqgvkdusfrqwudvwvehwzhhqvkdghgduhdv 7UXH7\SHRQWVShuirupdqfh Irqwvzlooehgrzqordghgwrwkhsulqwhuiruhdfksulqwmre 5HVROXWLRQ UdsklfvEhfrphglvwruwhgzkhqvfdohg Lpdjh YHULI\LQJGRFXPHQWFRQWHQWDQGOD\RXW 3ULQW4XDOLW\ 2YHUOD\V 2YHUOD\VRDG2YHUOD\ Rudooriwkhghvwlqdwlrqv 7RFUHDWHDSDJHRYHUOD\Lpsuryhsulqwshuirupdqfh 7RGRZQORDGDQRYHUOD\WRWKHSULQWHU 6HOHFW&UHDWH2YHUOD\WRRSHQWKH&UHDWH3DJH2YHUOD\ 2YHUOD\&UHDWLRQ6WDWXV 6HOHFWHG2YHUOD\6WDWXVGhvwlqdwlrq RYHUOD\KDVEHHQGRZQORDGHG Qvwdoohgrqwv RqwvIrqwvlqvwdoohgrqwkhsulqwhu Frpsxwhu 6WDWXV 3ULQWRQW/LVWLQJDwwulexwhv Dsulqwhuuhvlghqwirqw Dwhupdun Dwhupdunv$GG VHOHFW$GGWRFUHDWHDQHZZDWHUPDUN Rqwv UD\VFDOH Rqwhqw 3RVLWLRQIURPFHQWHU $ERXW Pdloghidxowv 5HSRUWGHIDXOWV KDQJLQJ3ULQWHUHIDXOWVGHIDXOWVHWWLQJVWRPHHW\RXUSULQWLQJQHHGV 8VHWKHVFUROONH\ WR VHOHFW3ULQWHUGHIDXOWV@DQG SUHVVQWHU@ 3ULQWHUHIDXOWV Rufhihhg Rupihhg 7HVWSULQW Hwhfwsdshuplvpdwfk6HWWLQJV Hvfulswlrq Dqfhofxuuhqwmre Rufhihhg 7HVWSULQW 6HWWLQJV Hvfulswlrq Rupihhg5HVWRUHIDFWRU\VHWWLQJV RUN&HQWUH3UR8VHU*XLGH 6WDQGDUG 5HVROXWLRQ6XSHUILQH 7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV DLQJ3URFHGXUH$GRFXPHQWJODVVIRUVLQJOHRUERXQGRULJLQDOV 7KHILUVWSDJHVKRXOGEHRQ $3RUWUDLW Ruljlqdosdshuvlhpxvwehghvljqdwhg$5/DQGVFDSH $3RUWUDLW $5/DQGVFDSH 2QFRPSOHWLRQRIWKHIDMRE 5DLVHWKHGRFXPHQWIHHGHURU QWHUQHWD.H\ HDWXUHV.H\ Sdjhv 5HVROXWLRQSDJH Ljkwhqdunhqsdjh 2ULJLQDOW\SHSDJH 6HOHFWWKHDHDWXUHV \SDG QWHUWKHD1XPEHUFkdudfwhu IDFKDUDFWHULVQRUPDOO\ Qwhudffrxqwfrgh $FFRXQWFRGH6WDUWNH\ 3UHVV6WDUW@ Ldolqj 6FDQQLQJLQWRPHPRU\Reqxpehu 6FDQQLQJSDJH 0HPRU\UHPDLQLQJ Reqxpehu $XWRPDWLF5HGLDOLQJ 0DQDJLQJD-REVUhshdwwkhwudqvplvvlrqsurfhgxuh DXWRPDWLFDOO\SULQWVDUHSRUWDIWHUHDFKWUDQVPLVVLRQ 0DQXDO5HGLDO 5HGLDOHUR6XSSOLHV 5HGLDO3DXVHNH\0DQXDOLDO DQFHOOLQJDD-RE 0HPRU\ RE1XPEHUVRE6WDWXV.H\ MREVFXUUHQWO\VSRROHGDUHGLVSOD\HG HUR Hohwhwklvmre RefdqfhohgHohwh Hwdlo Hohwh 8VHWKHVFUROONH\ WR Vhohfwwkhruljlqdovlhdqg SUHVV6WDUW@ XLOGLQJD-RE 5HVROXWLRQ 6WDQGDUG Ljkwhqdunhq $XWR XLOGD-REHdfkruljlqdo GLVSOD\HGDJDLQ8VHWKH VFUROONH\ Wrvhohfw RQH@DQGSUHVVQWHU@ \SDGLDOLQJ LDOLQJ0HWKRGV8VLQJWKH3KRQHERRN Sdxvh Ldoidqxpehu 0DQXDOLDO2QKRRNDQG2IIKRRNLDOLQJRppxqlfdwlqjvhwwlqj 5HFHLYH Rppxqlfdwlqj 5HFHLYLQJ0RGH Hvfulswlrq 6HTXHQFHRI2SHUDWLRQ 5HFHLYLQJDD 6HFXUH5HFHLYH FRS\LQJRSHUDWLRQ Wkhskrqh5HGXFH5HFHLYH Grfxphqwv GDWDPD\EHORVW LvfdugwudKhqhqdeohgglvfdugvxs Orzhusruwlrqridorqj 5HVROXWLRQ 6WDQGDUGDHDWXUHV6XSHUILQH 5HVROXWLRQRSWLRQV 4XLFN3DWKZD\ Ljkwhqdunhq Ljkwhq $XWR Dunhq 0DQXDO Kdoiwrqhruskrwrjudsklflpdjhv Looxplqdwhg Fryhu OLS3DQHO&RYHU LUHFW$FFHVV.H\V 3ULQWQXPEHU $FWLYLW\5HSRUW$FWLYLW\5HSRUW2SWLRQV 7KH$FWLYLW\5HSRUWFRQWDLQVWKHGHWDLOVRIVHQGDQGUHFHLYH 3KRQHERRNUHSRUW 3KRQHERRN5HSRUW$OO5HSRUWV 6SHHGGLDOV Urxsv 2QHWRXFKNH\V 6SHHGGLDOV Urxsv \1DPH3KRQHERRN5HSRUW 6SHHGLDO3KRQHERRN5HSRUW 7RSULQWWKH6SHHGLDO3KRQHERRN5HSRUW 2QH7RXFK3KRQHERRN5HSRUW2QH7RXFKNH\QXPEHU DVVLJQHGWRD2QH7RXFK.H\ 7RSULQWWKH2QH7RXFK3KRQHERRN5HSRUW $OOUHSRUWV 6SHHGGLDOV URXS3KRQHERRN5HSRUWWHP Hvfulswlrq Rqilupdwlrquhsruw RQILUPDWLRQ5HSRUWUURUVRQO\ RQILUPDWLRQ5HSRUW2SWLRQV Qxpehu 7RQHLDOGldolqj Vzlwfkwrwrqhgldolqj QXPEHUVWKDWDOZD\VUHTXLUHWKLVIHDWXUH KDUJH&RGHQWHUWKH&KDUJH&RGH Kdlqgldo KdlqldoQwhuidqxpehuru Ghsduwphqwhwhqvlrqvlqrwkhuorfdwlrqv Qxpehufrqilupvwkh HOD\VHQG HOD\6HQG7LPH Dgydqfh HOD\6HQG2SWLRQV 0DQXDOJURXS 0DQXDO*URXSQxpehuv Idwhohskrqhqxpehu Hohwh 0RGLI\7RUHYLHZDOLVWRIWKH Qxpehuvhqwhuhgvhohfw 1HWGHVWLQDWLRQ Vhqgvwkhgrfxphqw Suhylrxvvfuhhq1HWGHVWLQDWLRQ 5HYLHZOLVW RQH 7RGHOHWHDGHVWLQDWLRQIURP Luhfwvhqg LUHFW6HQG 3ULRULW\ID 3ULRULW\DFFHVVNH\RQIOLSSDQHO 6HQGLQJ 5HVHQG 7KHIROORZLQJW\SHVRIPDLOERHVDUHDYDLODEOH 0DLOERXOOHWLQ%RDUG%R 8VLQJWKH0DLOER,787IXQFWLRQUHTXLUHVWKDWWKHPDLOER 0DLOERVHWXS 0DLOERUHDWLQJD/RFDO0DLOER Rqilghqwldo Xoohwlqerdug 6HWXSSDVVZRUG 0DLOERVHWXS&RQILGHQWLDO\SDGWRHQWHUWKH Wrwklver HOHWLQJD/RFDO0DLOER Hohwhpdloerqxpehu0DLOERVHWXS 0DLOERQXPEHUPD 6WRULQJDRFXPHQWLQD/RFDO0DLOER 0DLOERGHOHWHGUHGLVSOD\V Ihdwxuhvsurjudpphg 6WRUH&RQILGHQWLDO Rqilghqwldo3ULQWPDLOER 6HQGWRPDLOER 3ROOIURPPDLOER Hohwhfrqwhqwv Wkhsdvvzrug 6HQGWRPDLOER 3ROOIURPPDLOERGrfxphqwiurp 6HOHFW&RQILGHQWLDO@WR 3ULQWLQJ 5HVROXWLRQ 6WDQGDUG / $XWR 3ULQW&RQILGHQWLDOHOHWLQJDRFXPHQW6WRUHGLQD/RFDO0DLOER 6WRUHWRPDLOER 3ULQWPDLOER 6HQGLQJWRD5HPRWH0DLOER 7KHGRFXPHQWLVVHQWWRWKH 6HQG&RQILGHQWLDO ERDUG@ 3UHVVQWHU@ 3ROOLQJD5HPRWH0DLOER7R3ROOWKHGRFXPHQWIURPD 3ROO&RQILGHQWLDO Ryhuvkhhw RYHU6KHHWVhqglqjdgrfxphqw \ERDUGRQIOLSSDQHOWR 7KH0HQX0DSSULQWVWKHQ 5HDG\PRGH3ULQWLQJ RYHU6KHHW2SWLRQV3ULQW 8VHWKLVRSWLRQWRSULQWDFRYHUVKHHW 1XPEHURISDJHV 6HFXUHUHFHLYH Lvwhqwrgldowrqh 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH 6HQG2SWLRQV6XEDGGUHVV RII 6HFXUH6HQG UURU&RUUHFW&0 6HFXUHVHQG6HFXUH6HQG2SWLRQV 8VHWKHVFUROONH\ WR VHOHFWUURUFRUUHFW&0@ DQGSUHVVQWHU@ UURU&RUUHFW&02SWLRQV UURUFRUUHFW&0DQGSUHVVQWHU@ 2II 8VHWKLVRSWLRQWRVZLWFKRIIUURU&RUUHFW0RGH Wkhvxedgguhvv 6XEDGGUHVV6XEDGGUHVV68% 7UDQVPLWDGRFXPHQWWRDUHPRWHVXEDGGUHVV 6HOHFWLYHSROOLQJ63 RII 6XEDGGUHVVWlph Vxedgguhvv 8VLQJWKHQXPHULFNH\SDG 6XEDGGUHVV68% 8VHWKHVFUROONH\ WR VHOHFW6XEDGGUHVV@DQG SUHVVQWHU@ 3ROOLQJDRFXPHQWXVLQJD6XEDGGUHVV 6HOHFWLYHSROOLQJ63 6HOHFWLYH3ROOLQJ63 6HQG$IWHU6FDQ UURUFRUUHFW&0 RQ8VHWKHVFUROONH\ WR VHOHFW6HQGDIWHUVFDQ@DQG SUHVVQWHU@ 6HQG$IWHU6FDQ2SWLRQV 6HQGDIWHUVFDQ 8VHWKHVFUROONH\ WR VHOHFW/RQJRULJLQDO@DQG SUHVVQWHU@ Rqjruljlqdo 2Q 8VHWKLVRSWLRQWRHQDEOHDORQJRULJLQDOWREHWUDQVPLWWHG RQJ2ULJLQDO2SWLRQV LVWHQWRLDO7RQH2SWLRQV LVWHQWRLDO7RQHSroolqjrshudwlrqvirudqlqglylgxdomre 8VHWKHVFUROONH\ WR VHOHFW/LVWHQWRGLDOWRQH@DQG SUHVVQWHU@ 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURI3DJHV6HFXUHUHFHLYH 1XPEHURISDJHV Sdjhfrxqwlvgliihuhqw 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUH5HFHLYH0DQXDO6HFXUH5HFHLYH2SWLRQV Shulrgvshflilhglqwkhghidxowvhwwlqj 6HQGRSWLRQV Lvwhqwrgldowrqh 1XPEHURISDJHV 6HFXUHUHFHLYH 3ULQW5HSRUW3ROOLQJ 0HQXPDS 3ULQWUHSRUW 0HQXPDS 3ROOLQJ 3ROOLQJ3ROO 6FDQWREHSROOHG $GGVHFXULW\FRGH 3ROO6HFXULW\FRGH URXS3ROO 8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV 6FDQWREHSROOHG 6HQGWKHQSROO Dqghqwhuwkhjurxsqxpehu IWKH*URXSQXPEHUVWREH 0DQXDO*URXS ZLWKRXWVHFXULW\RSWLRQVDVVLJQHG 6FDQWREH3ROOHGRswlrqvduhdydlodeohirupxowlsrooerhv Jlyhqwlph 0XOWLSROOER 6FDQWREHSROOHG6WRULQJDRFXPHQW 6HFXULW\ RII 6HFXUHIDQXPEHU RII 3ROORQFHER6HFXULW\ RII 6HFXUHIDQXPEHUPD Grfxphqwwrehsroohg 7R5HSODFHRU$GGD6WRUHGRFXPHQW8VHWKHVFUROONH\ WR VHOHFW3ROOLQJ@DQGSUHVV QWHU@ 6HOHFW6WDUW@WRVFDQWKH GHWDLOVXVHGSUHYLRXVO\ 5HWDLQ6HOHFWWKHFKDQJHRSWLRQ 7RGHOHWHDQGUHSODFHWKH Surfhgxuh 6HQGWKHQSROO8VHWKHVFUROONH\ WR VHOHFW6HQGWKHQSROO@DQG SUHVVQWHU@ 6HOHFWDQ\DGGLWLRQDOID RQWLQXRXV3ROOLQJ Rqwlqxrxvsroo Ehwzhhqfdoo QwhuydoQWHUVHFXULW\FRGH PLQ RQWLQXRXV3ROOLQJVWDUWV HOHWLQJ&RQWLQXRXV3ROO-REV OhdufxuuhqwvhwwlqjvUhhqwhuwkhlqirupdwlrq 7RFOHDUWKHFRQWLQXRXVSROO Uhsruwirupdw 0HQXPDS 3ULQWLQJDFFHSWHG7KHPHQXPDSSULQWV 2ULJLQDWRU 5HOD\ 6WDWLRQ 7875HOD\&RPPXQLFDWLRQVVwdwlrqvjurxsv QG6WDWLRQVXSWR 6HQG5HOD\ 127$3DVVZRUGLVUHTXLUHGUHFHLYHWRD5HOD\%R 3KRQHERRNSDJH 6HWWLQJXSD5HOD\6WDWLRQ 5HOD\HQGQXPEHU 0DLOERVHWXS5HOD\Fuhdwh 3UHVV3KRQHERRNNH\ 2QHWRXFKNH\ $OSKDGLDO Urxsgldo 3KRQHERRN2QHWRXFKNH\ HUR $GGQHWQXPEHU 0DLOERVHWXS 0DLOERGHOHWH 5HOD\WUDQVPLVVLRQUHSRUWHOHWLQJD5HOD\%R Uhprwhxvhu 6HOHFW0DLOERVHWXS@DQG SUHVVQWHU@ 0DFKLQHGHIDXOWV RS\GHIDXOWV Kdqjlqjdhidxowv8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG SUHVVQWHU@ Lqhprqlwru 5HFHLYHLQWHUYDO DghidxowvDhidxowv 6HWWLQJV Hvfulswlrq 3KRQHERRNVHWXS $OZD\V Rshudwlrqv 6HWWLQJV Hvfulswlrq Lqhprqlwru5HFHLYHLQWHUYDO NH\V Ldoprgh 6HWWLQJV Hvfulswlrq 5HVROXWLRQ Qwhuydo 6HWWLQJV Hvfulswlrq 5HGLDOVXVLQJWKHVFUROONH\V 1RRIUHGLDOV 0HPRU\VHQG 6HWWLQJV Hvfulswlrq $QVZHUPRGH Ryhuvkhhw 6HWWLQJV Hvfulswlrq 6HFXUHVHQG5HVHQGVWRUHGID 6HQGDIWHUVFDQ 6HWWLQJV Hvfulswlrq 6HQGKHDGHU$FFRXQWFRGH 6HSDUDWRUSDJH 6HFXUHUHFHLYH 6HWWLQJV5HFHLYHWRPHPRU\ Lvfdughwud 6HWWLQJV Hvfulswlrq 5HGXFHUHFHLYH5HIXVHMXQNPDLO 5HFHLYHKHDGHU D5HSRUWV RGH 33ROOLQJ Dpsoh0DLOER 6WDWXV RQILUPDWLRQ5HSRUW D3ROO5HOD\5HSRUWVRQILUPDWLRQ5HSRUW0HPRU\6HQG URXS6HQG5HSRUW Qeuv Zkhuhdqhuururffxuuhg URXS3ROO5HSRUW8QVXFFHVVIXO 5HOD\ERQXPEHU 5HOD\2ULJLQDWRU5HSRUWUhgxfhsulqw 1XPEHURISDJHVWUDQVPLWWHG 5HOD\6WDWLRQ5HSRUW Qeuv 5HOD\HVWLQDWLRQ5HSRUWQxpehuvzkhuhdqhuururffxuuhg 6XFFHVVIXOQEUV LVWRI6SHHGLDO2QH7RXFKRU*URXS Reqxpehu 0DLOERQEU 0DLOERQXPEHU 0DLOERW\SH RFDOWR0DLOER5HSRUW 5HPRWHWR0DLOER5HSRUW 5HOD\6WDWLRQ5HSRUWErdug Zdvhqwhuhg 5HSRUWGHIDXOWV KDQJLQJ5HSRUWVHIDXOWV5HFHSWLRQUHSRUWV Lqglylgxdoqhhgv 2SWLRQV Hvfulswlrq $FWLYLW\UHSRUW 5HSRUWHIDXOWVRU5HFHLYHG@ $XWRSULQW Frppxqlfdwlrqvrffxu 6HQGWUDQVPLVVLRQ 2SWLRQV Hvfulswlrq DSROOUHOD\VHOHFW2II@ Rqilupdwlrquhsruw Vhqguhvxowv DHIDXOW6HWWLQJ 2SWLRQVRQILUP0HPRU\ 3ULQWV0HPRU\6HQG7UDQVPLVVLRQ VHOHFW$OZD\V@ UhvxowvUrxssroouhsruw 3ULQWV*URXS3ROOLQJ7UDQVPLVVLRQ 5HOD\VWDWLRQ 2SWLRQV HvfulswlrqUURURQO\@ 3ULQWVUHVXOWVIRU5HOD\ SDUW\ 2SWLRQV Hvfulswlrq 5HFHSWLRQUHSRUWVRfdowrpdloer Hidxow &XVWRP QWHUQHWDDQG6FDQWRPDLO Zrunvwdwlrqv 2YHUYLHZ7RXVHWKH,QWHUQHWDDQG6FDQWRPDLOIXQFWLRQVWKHPDLO 5HFHLYHDQGSULQWPDLOPHVVDJHVIURP3&¶VDQG 7KHHIIHFWLYHVFDQQLQJZLGWKLVPPLQFKHV QWHUQHWDDQG6FDQWRPDLO3URFHGXUH Uhtxluhg 7RUQZULQNOHGFXUOHGRUIROGHGVKHHWV 127RULQVWUXFWLRQVRQ QWHUQHWD.H\HDWXUHV.H\ 6FDQWRPDLO.H\ Qwhupdlodgguhvvpd 6HOHFWWKHHDWXUHV MRMR#HURFRP QWHUWKHPDLO$GGUHVV\SDGWRHQWHUWKHHPDLO Dgguhvvriwkhuhflslhqw \ERDUGOLS3DQHO 6HOHFWRULJLQDOVLH $ $ $ Uhtxluhvfdqqlqjxvlqjwkhgrfxphqwjodvv 6FDQQHWRULJLQDO 0RGH 5HFHLYLQJ7KHIROORZLQJUHFHLYLQJPRGHVDUHDYDLODEOH Dqgsulqwvrxwwkhpdlo 0DQXDO5HFHLYH $XWR5HFHLYH7RPDQXDOO\FKHFNLIDQHPDLOKDVEHHQUHFHLYHG 3UHVVWKH5HVROXWLRQ@NH\ 6WDQGDUG,QWHUQHWDDQGPDLOHDWXUHV Xvwrp 5HVROXWLRQDQGSUHVVQWHU@ Iwkhuhvroxwlrqriwkh \RXNQRZWKH5HFHLYHUSDSHU VLH 6HOHFW5HFHLYHUSDSHUVLH Ehlqjvfdqqhg Looxplqdwhg 2ULJLQDO7\SH.H\ 3KRWR LUHFW$FFHVV.H\V OLS3DQHO RUN&HQWUH3UR8VHU*XLGH WRPDLO@NH\ Frppxqlfdwlrqv 7RPDQXDOO\SULQWDQ$FWLYLW\5HSRUW 7RSULQWDOO%\1DPH6SHHGLDO2QH7RXFKDQG*URXS 3KRQHERRN5HSRUWV NH\WZLFHRUSUHVVWKH6FDQ WRPDLO@NH\ 3UHVVWKH3KRQHERRN@GLUHFW Ldoqxpehuv 6DQXPEHU 6SHHGLDO*URXSRUDQXPEHUDVVLJQHGWRD2QH7RXFK 7KHIROORZLQJLQIRUPDWLRQLVSULQWHGRQWKH2QH7RXFK 5HDG\PRGH RQILUPDWLRQUHSRUW2Q2IIVWDWXV Rwkwhohskrqhdqgpdlo 0DLOPRGH 3UHVVWKHD,QWHUQHWD@ NH\WZLFHRUSUHVVWKH6FDQ Rffxuvgxulqjwkhwudqvplvvlrq Qwhupdlodgguhvvru SUHVV3KRQHERRN RU2QHWRXFKNH\ QWHUQHWDDQG6FDQWRPDLO $SUDP 5HVROXWLRQ GSL / $XWR 3ULQWLQJD0HQX0DS Khfnpdlo$GGHGIHDWXUHV Uhfhlyhghpdlov RUN&HQWUH3UR8VHU*XLGH 7KLVFKDSWHUSURYLGHVLQVWUXFWLRQVRQSODQQLQJVHWWLQJXSDQG 3KRQHERRN 3ODQQLQJWKH3KRQHERRN 6HWWLQJXSWKH3KRQHERRNDydlodeoh Rxwvlgholqh 8VHWKHIROORZLQJOLVWDVDQDLGLQSODQQLQJWKH3KRQHERRN Uhtxluhguhsruwv 6HWWLQJ8S6SHHGLDO1XPEHUVGldohgdiwhuwkhuhgldodwwhpswv 7R$VVLJQ6SHHGLDO1XPEHUV 3KRQHERRNVHWXSQWHUWKH6SHHGLDO1XPEHU 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ QWHUWKH6SHHGLDO1DPH Dqxpehu $OWHUQDWHIDQXPEHU Drswlrqv Pdlodgguhvv PdlorswlrqvQWHUWKHD1XPEHU Qwhudowhuqdwhidqxpehu DrswlrqvHOD\VHQG Rqilupdwlrquhsruw Lvwhqwrgldo 6XEDGGUHVV Iqrdrswlrqvduh UHTXLUHGVHOHFW2II@DQG SUHVVQWHU@ Rqilupdwlrquhsruw 5HFHLYHUFDSDELOLW\ PdlorswlrqvQWHUWKHPDLO$GGUHVV 6HOHFWWKH6SHHGLDOPDLO2SWLRQV Drswlrqv Pdlodgguhvv Pdlorswlrqv Dqxpehu6HOHFWRQHWRXFKNH\RU 3UHVV175LIGRQH 7R$VVLJQ2QH7RXFK.H\V 6HWWLQJ8S2QH7RXFK.H\VDiwhuwkhuhgldodwwhpswv 8VHWKHVFUROONH\ WR VHOHFWDGHIDXOWV@DQG 2QH7RXFKNH\ 2QH7RXFKNH\QWHUWKH2QH7RXFK1DPH 3UHVV2QHWRXFKNH\ RUN&HQWUH3UR8VHU*XLGH 6HOHFWWKH2QH7RXFKD2SWLRQV 6HOHFWWKH2QH7RXFKPDLO2SWLRQV $OWHUQDWHIDQXPEHU 2QHWRXFKNH\QWHU6SHHGGLDOQXPEHURU 3UHVV175LIGRQH 0RGLI\LQJRUHOHWLQJ6SHHGLDORU2QH7RXFK 6HWWLQJVDVVLJQHG´PHVVDJHGLVSOD\V 8VHWKHVFUROONH\ WR VHOHFW3KRQHERRNVHWXS@ DQGSUHVVQWHU@ 2QHWRXFKNH\V 6SHHGLDOZKLFKUHTXLUHVPRGLI\LQJRU Ghohwlqj D2SWLRQ 2SWLRQV Hvfulswlrq RQH D2SWLRQVHOD\6HQG Lvwhqwrldo Qxphulfgljlwvpdlpxp D2SWLRQ 2SWLRQV Hvfulswlrq 6XE$GGUHVV6XEDGGUHVV68% Surpswhgqxphulfgljlwv PDLO2SWLRQ 2SWLRQV Hvfulswlrq RQH PDLO2SWLRQV5HFHLYHU&DSDELOLW\ Lhogv Rpphqwv 6HWWLQJ8S*URXS1XPEHUV DQGSUHVVQWHU@ 8VHWKHVFUROONH\ WR 7R3UHVHW1XPEHUVWRD*URXS URX S UrxsPdlodgguhvvvhwxs Qwhujurxsqxpehu $GGQHWQXPEHU 5HYLHZOLVW 5HYLHZOLVWEhhqpdgh Qwhuvshhggldo RURQHWRXFKNH\ 7KH*URXSVHWWLQJLQLWLDO VFUHHQUHGLVSOD\V RUGHOHWHWKH³$OUHDG\DVVLJQHG´PHVVDJHGLVSOD\V 8VHWKHVFUROONH\ WR VHOHFW*URXSV@DQGSUHVV QWHU@ 7RHOHWHD*URXS 0RGLI\GHVWLQDWLRQV 5HWDLQQWHUWKH*URXSQXPEHUWR 7KH*URXSQXPEHULVGHOHWHG 0RGLI\LQJD*URXS HUR6XSSOLHV Hohwh 0RGLI\KHQ\RXKDYHFRPSOHWHG 8VLQJWKHVFUROONH\VVHOHFW 2QH7RXFKNH\V LOOLQJRXWWKH2QH7RXFK/DEHO 6SHHGLDOLQJ 8VLQJWKH3KRQHERRN8VLQJ6SHHGLDOLQJ 6SHHGLDOLQJ $OSKDLDOLQJ Urxsldolqj 2QH7RXFKLDOLQJ 8VLQJ$OSKDLDOLQJ $OSKDLDOLQJ3KRQHERRNV 6SHHGGLDO $OSKDGLDO6DOHV 6DOHVHSDUWPHQW 6XSSOLHV Urxsgldo Urxsldolqj8VLQJ*URXSLDOLQJ 6SHHGGLDO $OSKDGLDO 2QHWRXFKGLDO 2QH7RXFKLDOLQJ8VLQJ2QH7RXFKLDOLQJ 2QHWRXFKNH\ Hurxursh 0DLQWDLQLQJWKH3URGXFW OHDQLQJWKHRUN&HQWUH3UR OhdqlqjFOHDQLQJPDWHULDOVRQO\DVGLUHFWHGLQWKLVGRFXPHQWDWLRQ RFXPHQWHHGHUDQG2XWSXW7UD\ RQWURO3DQHO.H\ERDUG/&LVSOD\Gdpshqhgzlwkzdwhuru 7RHQVXUHRSWLPXPLPDJHTXDOLW\DWDOOWLPHVFOHDQWKH Sulqwrudzklwholqhdsshdulqjlqwkhgluhfwlrqriwkhsdshuihhg 7UDQVIHU&RURWURQLUHVwhsvirufohdqlqjlqvwuxfwlrqv 2SHQWKH6LGH&RYHU 7KH7UDQVIHU&RURWURQLUH OHDQLQJ7RROKDVWZR6KRXOGHUV Vkrxoghuv RUN&HQWUH3UR8VHU*XLGH 7UDQVIHU &RURWURQLUH Fdvlqj Xvwrphu 3DUW1XPEHU 2UGHULQJ6XSSOLHVXursh 7RQHU&DUWULGJH UXP&DUWULGJH 5HSODFLQJWKH7RQHU&DUWULGJH XVWRPHU5HSODFHDEOH8QLWVLqvwdoodqhzwrqhufduwulgjh Rqwkhfduwulgjher 5DLVHWKHFDWFKWRXQORFNDQG UHOHDVHWKH7RQHU&DUWULGJH 3XOOWKHWDEWRUHPRYHWKH QVWDOOWKH1HZ7RQHU ORVHWKHURQW&RYHU 7RRSHQWKH$XWRXSOH8QLW 5HSODFLQJWKHUXP&DUWULGJH Xvlqjwkhlqvwuxfwlrqv ³5HSODFLQJWKH7RQHUDUWULGJH´RQSDJH $V\RXZLWKGUDZWKHUXP &DUWULGJHVXSSRUWLWE\ Hwhqghgshulrg 5HPRYHWKHQHZUXP Duwulgjhiurpwkher DFN URQW5LJKW Hiwurqw Iroorzlqjlooxvwudwlrqv 3XOOWDEVQXPEHUHGWR 5HPRYHWZRSLHFHVRIWDSH Wdsh RPSOHWHO\UHPRYHDOOWKH Sdshudqgdvvrfldwhgwdsh 3XOOWDEWRXQIROGSURWHFWLYH Sdshu Surwhfwlyhsdfndjlqj Ohiw Sodvwlfvwulsdorqjwkherwwrp RUN&HQWUH3UR8VHU*XLGH Orvhdoofryhuvdqggrruv 5HSODFLQJWKH2RQHLOWHU3XVKRXWWKHHLVWLQJXVHG Uhfhswdfoh 5HLQVWDOOWKH2RQHILOWHU Wkhvwdsohuxqlw 5HSODFLQJWKH6WDSOH&DUWULGJHULSSLQJWKHVLGHVRIWKH6WDSOH Orvhwkhwrsfryhuriwkh Frqyhqlhqfhvwdsohuxqlw RDGLQJWKH3DSHU7UD\V RDGLQJ3DSHU8SWRWKUHHSDSHUWUD\VFDQEHLQVWDOOHGRQWKHRUN&HQWUH3UR \RXZLVKWRORDGSDSHURID Wkhluqhzsrvlwlrq 7RDGMXVWWKH/HIW*XLGH JxlghvJxlghlqwrlwvqhzsrvlwlrq HIW*XLGH RXUZD\ Qwhu 0DFKLQHVWDWXVGluhfwlrqdoduurzv 3DSHUWUD\V 0DFKLQHGHIDXOWV6HOHFWSDSHUVLH RS\GHIDXOWV Dghidxowv HDWXUHVNH\ RDGLQJWKH%\SDVV7UD\ RUN&HQWUH3UR8VHU*XLGH Surylghg DVLF7URXEOHVKRRWLQJ $FFHVV$UHDV DP&OHDUDQFH7KHUHDUHWKUHHW\SHVRIMDP 3DSHUSDWK-DP RQYHQLHQFH6WDSOHU-DP Ohdusdshumdp 2SHQVLGHFRYHU 8VHWKHVFUROONH\ WR Surfhhgwrwkhqhwvwhsdqg SUHVVQWHU@ 6SHFLILFDWLRQV 3UHYHQWLQJ3DSHU-DPVWKHMRE7KHRULHQWDWLRQRIWKHSDSHULQWKHSDSHUWUD\PXVW Uljkwkdqgvlghfryhu Ohdusdshumdp &ORVHVLGHFRYHU Ruljlqdo DPSOHRIRFXPHQWHHGHU$$-DP Duplqjxs DPSOHRI&RQYHQLHQFH6WDSOHU-DP3UHVVVWDUWWRUHVXPH LVSOD\LQJUURU&RGHV DOOLQJIRU6HUYLFHXVWRPHU6XSSRUW7HOHSKRQH1XPEHU 7KHWHOHSKRQHQXPEHURIWKHHURHOFRPH&HQWUHRU\RXU UURU0HVVDJHV UURU0HVVDJHVDQG&RGHVUURU0HVVDJH Hdwxuhxqdydlodeoh 3RZHUIDLOXUH 0HPRU\LVIXOO 7UD\LVQRWUHDG\ 0HPRU\HUURU XV\QRDQVZHUOHQJWKLO\SRZHUIDLOXUH DQ\ORVWFRPPXQLFDWLRQ $GGSDSHU QxpehuriruljlqdosdjhvUhpryhg Srzhu 7HPSRUDU\ 7UD\HUURU UURU&RGHVPhfkdqlvp Huuru 7UD\HUURU Fryhuv Fryhudiwhuzdugv VhqvruMDP Orvhfryhuvdiwhuzdugv VHQVRUIURP7UD\ SDSHU&ORVHFRYHUVOrvhfryhuv RSHQHGGXULQJFRS\LQJ 5HSODFHUXP&DUWULGJH Lihhqg7RQHULVQHDUO\HPSW\ 5HSODFHWRQHUFDUWULGJH 5HPRYHSDSHUIURPWUD\ Qhdududgldwru PDJH4XDOLW\3UREOHPV2SHUDWRURUDORFDOVHUYLFHUHSUHVHQWDWLYH 7UDQVPLVVLRQ3UREOHPV D3UREOHPV7URXEOH KHFN3RLQW Ihhghuruidfhgrzqrqwkhgrfxphqwjodvv QRUPDOO\Ehlqjvhqw UHPRWH$HYHQWKRXJKLWLV 5HFHSWLRQ3UREOHPV +DVWKHSDSHUEHHQVWRUHGFRUUHFWO\ VWKHVSHFLILHGSDSHUW\SHEHLQJXVHDxvh +RZWR&RUUHFW RGH 3DSHU-DP Uuru Dxvh +RZWR&RUUHFW 0DFKLQHHIDXOWV6HWXSV Hidxowvhwwlqjlvwkhqsurylghg KDQJLQJ0DFKLQHHIDXOWV7KH0DFKLQH6WDWXVPHQX 7KH0DFKLQHHIDXOWVRSWLRQV 8VHWKHVFUROONH\ WR VHOHFWDWUD\DQGSUHVV QWHU@ 3DSHU7UD\V Donxsvfuhhq DONXS6FUHHQ3DSHUWUD\V 7LPHUV 7LPHUV7LPH2XW 7LPHRXW 6WDQGE\0RGH6WDQGE\ PLQ Ydoxh PLQ 6WDQGE\6OHHS0RGH 7LPHRXW 6WDQGE\PRGH RUN&HQWUH3UR8VHU*XLGH QWHUUXSWNH\ QWHUUXSW.H\6SHDNHUYROXPH Hsduwphqwfrgh Lvdeoh 6SHDNHUYROXPH 6SHDNHU9ROXPHQWHUUXSWNH\ \WRXFKYROXPH 5LQJHUYROXPH 0RQLWRUYROXPH Vhwwlqj 3UHVVQWHU@ WKHQPRQLWRUHDFKGHSDUWPHQW¶VXVDJH HSDUWPHQW&RGHVIRUVHWWLQJXSLQGLYLGXDOHSDUWPHQW&RGHV Iruhdfkghsduwphqw 0DVWHUFRGH HsduwphqwfrghvQWHUUXSWNH\ 6SHDNHUYROXPH 0DVWHUFRGHQXPEHU Qwhupdvwhufrghqdphpd 6HWXSRILQGLYLGXDOHSDUWPHQW&RGHV 0DVWHUFRGHQXPEHU Qwhupdvwhufrgh8VHWKHVFUROONH\ WR VHOHFWHSDUWPHQWFRGH@ DQGWKHQSUHVVQWHU@ Qwhupdvwhufrghru Qwhughsduwphqwfrgh Hsduwphqwqxpehu Qwhughsduwphqwqdphpd Hohwhdoofrghv 3ULQWDOOFRGHVVhwxsvfuhhqvlvsurylghg Qwhupdvwhufrghru Qwhughsduwphqwfrgh Hsduwphqwqxpehu Qwhupdvwhufrgh 3UHVVQWHU@HOHWHDOOFRGHV6HOHFW0RGLI\FXUUHQWFRGHV@ 0RGLI\LQJDQGHOHWLQJHSDUWPHQW&RGHVWRPRGLI\HLVWLQJFRGHV HS0RGLI\DUWPFXUUHQWHQWFRGHVFRGHV 8QDYDLODEOH$OUHDG\DVVLJQHG HsduwphqwqxpehuHsduwphqwqxpehu Hohwhg 7KHFRGHLVGHOHWHG Qwhughsduwphqwqdphpd Qwhu Ghsd Uwphq Wfrgh 8VLQJHSDUWPHQW&RGHV 4XLFN3DWKZD\ 0DFKLQH6WDWXV Hidxowvhwwlqjv 5HPRWHVHUYLFH 5HPRWH6HUYLFH 5HPRWH$FFHVV 5HPRWHVHUYLFH5HPRWHDFFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHVRUGHU Rzqordgilupzduh Rzqordglupzduh5HPRWHDFFHVV 8VHWKHVFUROONH\ WR VHOHFWRZQORDGILUPZDUH@ DQGWKHQSUHVVQWHU@ 6HWUHPRWHSDVVZRUG 5HPRWH3DVVZRUG5HPRWHDFFHVV Rzqordgilupzduh Sdvvzrugpd 6HWWLQJXSHVWLQDWLRQ 6XSSOLHV2UGHU5HPRWHDFFHVV Rzqordgilupzduh 5HPRWHSDVVZRUG 6XSSOLHV 2WKHULQIRUPDWLRQ 6XSSOLHVRUGHU Hvwlqdwlrqvhwxs6HOHFWVXSSOLHV 7RQHURUGHULQJ QWHUTXDQWLW\ Qwhusduwqxpehu6HOHFWDXWRRUGHU 6HOHFWDXWRRUGHU Qwhusduwqxpehu QWHULQJ2UGHUHWDLOV 2WKHULQIRUPDWLRQHvwlqdwlrqvhwxs 6XSSOLHV Rqwdfwqdph Rqwdfwwhoqxpehu 6KLSWRQDPH 6KLSWRDGGUHVV 3ULQWLQJWKH6XSSOLHVRUP 6XSSOLHVRUGHUUHSRUWHidxowvhwwlqjv Hsduwphqwfrgh 6HWWLQJVUHSRUW Hsduwphqwfrgh 6HWWLQJUHSRUW 6XSSOLHVRUGHUUHSRUW 3ULQWLQJ5HSRUWV7KHUHDUHWKUHHUHSRUWVWKDWFDQEHSULQWHGIURPWKH HSDUWPHQW&RGH5HSRUW Hsduwphqwfrgh DUG7LPHW\SHRXW 6HWWLQJV5HSRUW 7R3ULQWWKH6HWWLQJV5HSRUW 6HWWLQJVUHSRUW6XSSOLHVRUGHUUHSRUW 7R3ULQWWKH6XSSOLHV2UGHU5HSRUW 6XSSOLHV2UGHU5HSRUWRulqirupdwlrqrqvhwwlqjxswkhuhsruwuhihuwrsdjh Hidxowvhwwlqjv 3ULQWUHSRUW KDQJLQJWKH,QLWLDO6HWXSWkhvhwxsvdydlodeoh 0DFKLQH6HULDO1XPEHU XVWRPHU6XSSRUW QLWLDO6HWXS DWH7LPHDWH7LPH 6HWWLQJ GD\ 7XH 7LPHIRUPDW7LPHRUPDW 6HWWLQJ Dwhrupdw Dwhirupdw6HWWLQJ 7LPHIRUPDW 0RQWKRUPDW 0RQWKIRUPDW Rfdoldwlrq Rfdoldwlrq0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN Phdvxuhphqwvlqlqfkhvruploolphwuhv Dqjxdjh DqjxdjhRfdoldwlrq Wdoldqr Hxwvfk 1HGHUODQGV 0DFKLQH 0DFKLQH6HOHFW0DFKLQH,@XVLQJWKH VFUROONH\ Dqgsuhvv QWHU@ ID&RXQWU\FRGHLVQRW RXQWU\FRGH 0DFKLQHVHULDOQXPEHU 0DFKLQH6HULDO1XPEHU6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ Wkhvhwxsv Xvwrphuvxssruw XVWRPHU6XSSRUWXvwrphuvxssruwqxpehu HUR6XSSO\1XPEHU HURVXSSO\QXPEHU 0DFKLQHVHULDOQXPEHU Xvwrphuvxssruw 1HWZRUN Hidxowvhwwlqjv 3ULQWUHSRUW Qlwldovhwxs 0HQX0DSVFUROONH\ Dqgsuhvv QWHU@ 6HOHFW0HQXPDS@XVLQJWKH $XWRPDWLF7HVW 6HOI7HVW6HOIWHVW Qglylgxdowhvw 3ULQWWHVWUHVXOW QGLYLGXDO7HVW $XWRWHVWQglylgxdo WHV W 3ULQWWHVW 3ULQW7HVW5HVXOW$XWRWHVW Qglylgxdowhvw 8VHWKHVFUROONH\ WR VHOHFW3ULQWWHVWUHVXOW@ 3UHVVQWHU@ 6HOIWHVW XVWRPHU6XSSRUW1XPEHU 6HOIWHVW Xvwrphuvxssruwqxpehu 0DFKLQH6HULDO1XPEHUHURVXSSO\QXPEHU 7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV 6HOHFW0DFKLQHVHULDO QXPEHU@XVLQJWKHVFUROONH\ DQGSUHVVQWHU@ 6HOIWHVW Xvwrphuvxssruwqxpehu 0DFKLQHVHULDOQXPEHU HUR6XSSO\1XPEHU7RWDOSULQWFRXQWHU 0DFKLQHUHYLVLRQV XVLQJWKHVFUROONH\ DQG SUHVVQWHU@ 7RWDOSULQWFRXQWHU 7RWDO3ULQW&RXQWHU 0DFKLQHUHYLVLRQV 0DFKLQH5HYLVLRQV RUN&HQWUH3UR8VHU*XLGH 7KLVSURGXFWLVHTXLSSHGZLWKDZLUHW\SHSOXJSURYLGHG 7KLV$51,1*0DUNDOHUWVXVHUVWRKHDWHGVXUIDFHV Pdwhuldovrxwriuhdfkrifkloguhq FrxogfuhdwhdkddugrxvvlwxdwlrqGdpdjhwrwkhsurgxfw Xqohvvsurshuyhqwlodwlrqlvsurylghg Iroorzlqjqxpehu 6DIHW\6WDQGDUGV Uhodwhgwrorzyrowdjhhtxlsphqw 5HJXODWRU\,QIRUPDWLRQUHSUHVHQWDWLYHRUE\FRQWDFWLQJ QYLURQPHQW+HDOWKDQG6DIHW\ Qjodqg DXWKRULW\WRRSHUDWHWKLVHTXLSPHQW Wdnhdghtxdwhphdvxuhv 7KHOHFWULFLW\DWRUN5HJXODWLRQV8.21 DVHU6DIHW\QDWLRQDOVWDQGDUGVERG\ Vhuylfhgdqgpdlqwdlqhgdwdoowlphv PDLQWDLQHGE\FRPSHWHQWSHUVRQV Vdih$165 7KHUHJXODWLRQSODFHVDGXW\RQDOOHPSOR\HUV 7KHUHJXODWLRQGRHVQRWLPSRVHRQDPRQJVWRWKHUV RQWKH52HTXLSPHQWLQP\SUHPLVHV 2UJDQLDWLRQIRUIXUWKHULQIRUPDWLRQ4867,21 ,UHTXLUHUHFRUGVRIDOOWHVWV 3OHDVHFRQWDFWWKH52/LPLWHG&XVWRPHU6HUYLFH Huwlilfdwlrqwr 6HQG+HDGHU5HTXLUHPHQWV 5HJXODWLRQVDWD&RXSOHU,QIRUPDWLRQ Lqydolgdwhlwvfhuwlilfdwlrq RUN&HQWUH3UR8VHU*XLGH $ HDUO\PRUQLQJKRXUVRUODWHHYHQLQJV XQGHU&&UXOHV7KHWHOHSKRQHFRPSDQ\PD\PDNHFKDQJHVWRLWV PPHGLDWHO\QRWLI\\RXRIWKHLUWHPSRUDU\DFWLRQ Duhdv DQDGLDQ&HUWLILFDWLRQ5HSDLUVWRFHUWLILHGHTXLSPHQWVKRXOGEHPDGHE\DQ 1RWLFH7KH5LQJHUTXLYDOHQFH1XPEHU51DVVLJQHGWR QHUJ\6WDUŠ QYLURQPHQWDO&RPSOLDQFH 7KHRUN&HQWUH3URDGKHUHVWRVWULFWVSHFLILFDWLRQV $SSHQGL%6SHFLILFDWLRQV +DUGZDUH&RQILJXUDWLRQ 0DFKLQH6SHFLILFDWLRQV0DFKLQHHLJKW $FFHVVLELOLW\ RS\0DJQLILFDWLRQV RS\6SHHGDUPXS7LPH =RRPUDQJHWRLQLQFUHPHQWV \SDVV7UD\ $SSURYHG0HGLD OHFWULFDO6SHFLILFDWLRQV HQWUH7UD\Xursh 6WDFNLQJ&DSDFLW\ DSSURLPDWHO\VKHHWV HOLYHU\ Idfhgrzqlqrughu RUN&HQWUH3UR8VHU*XLGH $SSHQGL$6DIHW\1RWHVA-1 1XPHULFV3URFHGXUH6-14 6SHFLILFDWLRQVB-4 Kdqjlqjhidxowv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

)RU￿8VH￿LQ￿%\SDVV￿7UD\￿2QO\￿

&DUGVWRFN￿ $￿￿;(52;￿￿5￿￿￿￿￿￿

/HWWHU￿￿￿￿￿￿[￿￿￿￿￿;(52;￿￿5￿￿￿￿￿

&HQWUH￿7UD\

6WDFNLQJ￿&DSDFLW\￿ DSSUR[LPDWHO\￿￿￿￿￿VKHHWV

'HOLYHU\￿ IDFH￿GRZQ￿LQ￿RUGHU

(OHFWULFDO￿6SHFLILFDWLRQV

(XURSH￿