!"#$%&'$'#(
ES !"#$%&'$'#( E=
R()&0(7$(*$*/+5,*((-&6,-&*$()&A1*4)$98
*(.(*&)9)7,)&(.&;((.&+).99:&95&7(&+5,&
$+& ,,*/(+-9)(*>& F(& +5,& 6,-& 7,*& 39-8
/(*+&A,0.$(2+$*+)(--$*/(*&95+),.)(*>
X-+&7(&59:5&!&:$*1)(*&'((A)&/(7.,,$7&
3(.+4'$%*)&3,*6(-A&7(&'1$7$/(&)(:5(.,8
)11.&95&'()&7$+5-,c>
HX& [KY\&K[&RY\&VX\Y]>& R,,-& 7(&
+5,& 493(.& (.& ,A& 697,)& '()& ;,)(.& 2,*&
,A29(-(*>& X-+& '()& 3(.;,.:$*/+(-(8
:(*)&)$%7&'((A)&/(',7&9:&,A&)(&29(-(*&
21*)& 1& 95& $(7(.(& 2*95& 71;(*& 9:& )(&
.(+())(*>&X-+&'$%&*$()&.(+()&+4',2(-&7(&
+).99:&1$)&(*&*((:&49*),4)&95&:()&7(&
-(3(.,*4$(.>
HX& [KY\&K[&RY\&VX\Y]>& R,,-& 7(&
+5,& 493(.& (.& ,A& 697,)& '()& ;,)(.& 2,*&
,A29(-(*>&X-+&'()&;,)(.&9*7(.&7(&E=9U&
6,2)& :9()& 7(& +5,& 6$4'& ,1)9:,)$+4'&
.(+())(*>&X-+&'$%&*$()&.(+()&+4',2(-&7(&
+).99:&1$)&(*&*((:&49*),4)&95&:()&7(&
-(3(.,*4$(.>
X-+&'()&5.90-((:&6$4'& 0-$%A)&399.79(*&
*((:&7,*&49*),4)&95&:()&7(&-(3(.,*8
4$(.>& d2,*& 6$4'& 399.79(*& $*& ((*& 49*8
+),*)&93(.3(.'$))(&49*7$)$(Q
X-+&'()&5.90-((:&6$4'& 0-$%A)&399.79(*&
*((:&7,*&49*),4)&95&:()&7(&-(3(.,*8
4$(.>& d2,*& 6$4'& 399.79(*& $*& ((*& 49*8
+),*)&93(.3(.'$))(&49*7$)$(Q
X-+&'()&5.90-((:&6$4'& 0-$%A)&399.79(*&
*((:&7,*&49*),4)&95&:()&7(&-(3(.,*8
4$(.>& d2,*& 6$4'& 399.79(*& $*& ((*& 49*8
+),*)&93(.3(.'$))(&49*7$)$(Q
X-+&'()& ;,)(.*$3(,1&*9.:,,-&$+@&49*8
).9-((.&7,*&9A&7(&59:5(*&/9(7&A1*4)$8
9*(.(*&(*&7,)&(.&/((*&-14')&$*&7(&
[$()+& 95& '()& 7$+5-,c>& Y.& $+&
/((*& +).99:& ,,*/(+-9)(*& 95&
1;&+5,>
\(:5(.,)11.&9*0(2(*7>
?3(.3(.'$)>&F(&+5,&'((A)&6$4'8
6(-A& 1$)/(+4',2(-7>& Y(*& 3,*&
7(&+(*+9.+&'((A)&/(:()(*&7,)&
'()&;,)(.&E"9U&9A&;,.:(.&$+>
?3(.3(.'$)>&F(&+5,&'((A)&6$4'8
6(-A& 1$)/(+4',2(-7>& Y(*& 3,*&
7(&+(*+9.+&'((A)&/(:()(*&7,)&
'()&;,)(.&E"9U&$+>
Z5,&$+&1$)/(+4',2(-7>&F(&+(*8
+9.& 7$(& $+& ,,*/(+-9)(*& $*& 7(&
+(*+9.& lXm& ,,*+-1$)$*/& ;(.2)&
*$()>
Z5,&$+&1$)/(+4',2(-7>&F(&+(*8
+9.& 7$(& $+& ,,*/(+-9)(*& $*& 7(&
+(*+9.& l#m& ,,*+-1$)$*/& ;(.2)&
*$()>
F(& +(*+9.(*& 6$%*& 1$)& 0,-,*+>&
X-+&1&7(6(& :(-7$*/&/(49:0$8
*((.7& $*& 1;& 7$+5-,c& 6$()& :()&
7(& +5,& )(:5(.,)11.@& 2,*& '()&
((*&)$%7(-$%2&5.90-((:&6$%*>&X-+&
1& ,--((*& 7(6(& :(-7$*/& $*& '()&
7$+5-,c& 6$()& 2*$55(.(*@& $+& 7(&
+5,&6$4'&,,*&'()&1$)+4',2(-(*>
Y.& $+& ((*& /.99)& 3(.+4'$-& $*&
;,,.7(*& )1++(*& 7(& )(:5(.,8
)11.+(*+9.+&/(49*+),)((.7>&
88
RRe?RR
?Re?RR
ZXeZ*X
Z0eZ*#
Z*eZ[Z
RWeRbW
59:5(*& 6$)>& X-+& '()& 5.90-((:& 6$4'&
0-$%A)& 399.79(*& *((:& 7,*& 49*),4)& 95&
:()&7(&-(3(.,*4$(.>
I9-/& 7(6(-A7(& +),55(*& ,-+& 9:+4'.(8
3(*&0$%&RWeRbW>&R()&3(.;,.:$*/+(-(8
:(*)&3,*&7(&+5,&6,-&*$()&3,*6(-A&,,*8
/,,*<& 7.12& 95& ((*& ;$--(2(1.$/(& 2*95&
9:&)(&.(+())(*>
X-+&'()&;,)(.*$3(,1& *9.:,,-&$+@& 69./&
7,*& 7,)& ,--(& 59:5(*& 9*)-14')& 6$%*>&
[,&=J&:$*1)(*&;9.7)&7(&+5,&/(.(+)(>&
X-+&'()&5.90-((:&6$4'& 0-$%A)&399.79(*&
*((:&7,*&49*),4)&95&:()&1;&7(,-(.>
I9-/& 7(6(-A7(& +),55(*& ,-+& 9:+4'.(8
3(*&0$%&7.>&F(&+5,&.(+()&*$()&,1)9:,8
)$+4'<& 7.12& 95& ((*& ;$--(2(1.$/(& 2*95&
9:&)(&.(+())(*>
H((*& ,4)$(& *97$/>& R()& ,*)$3.$(+& 5.98
/.,::,& ;9.7)& ,1)9:,)$+4'& /(,4)$8
3((.7&(*&0-$%A)&E&:$*1)(*&,,*&*,7,)&7(&
+(*+9.+&'(00(*&/(:()(*&7,)&7(&)(:8
5(.,)11.&3,*&'()&+5,;,)(.&$+&/(+)(/(*&
*,,.&O@!&9U&9A&'9/(.>
a$(&'99A7+)12&+5,&:97(>
a$(&'99A7+)12&+5,&:97(>
F$)& 2,*& 71$7(*& 95& ((*& 799.8
+).9:$*/+5.90-((:>
X,*'917(*7(&799.+).9:$*/+8
5.90-(:(*>&d7(&:(-7$*/&;9.7)&
/()99*7& *,& J& 2((.& RWeRbW&
0$**(*& !E& 11.>Q& R()& 3(.;,.8
:$*/+(-(:(*)& $+& 1$)/(+4',8
2(-7@&:,,.&7(&,*7(.(&A1*4)$(+&
3,*&7(&+5,&0-$%3(*&,4)$(A>
C9/(-$%2&)(&;($*$/&;,)(.@&+-(4'8
)(& 799.+).9:$*/& 9A& -14')0(--(*&
/(49*+),)((.7& $*& '()& 3(.;,.8
:$*/+(-(:(*)>&Z5,&$+&399.&=J&
:$*1)(*&1$)/(+4',2(-7>
\(& ;($*$/& ;,)(.& /(49*+),8
)((.7& $*& '()& 3(.;,.:$*/+(-(8
:(*)>& d7(& :(-7$*/& ;9.7)& /(8
)99*7&*,&"&2((.&7.Q
C9/(-$%2(& 0(3.$(6$*/& /(49*8
+),)((.7>
Z5,&$+&$*&(49*9:$+4'(&:971+>
Z5,&$+&+-,,5&:971+>
Wb
7.
Fc
KUeKUY
YUeYU[
ZWeZW_
8568+5%0#12-0"%
X-+&)$%7(*+&'()&95+),.)(*&3,*&7(&+5,&7(&0997+4',5&
RW@&Wb@&7.&9A&7c&)(&6$(*&$+@&71$7)&7$)&:((+),-&95&-14')&$*&
7(&59:5(*>&Z4',2(-&7(&+).99:&3,*&7(&+5,&1$)>&F.,,$&
7(&'99/+)(&59:52955(-$*/&95&7(&4$.41-,)$(59:5&d6$(&
,A0((-7$*/Q&!&+-,/(*&:()&((*&+)((2+-(1)(-&95(*&)9)7,)&
(.&-14')&9*)+*,5)>&Z4'17&.1+)$/&:()&7(&5$%5&9A&+-,*/&
)9)7,)&,--(& -14')& ;(/&$+&(*&(.&;,)(.&1$)&-995)>&X-+& (.&
;,)(.&1$)-995)&7.,,$)&1&7(&2955(-$*/&;((.&3,+)>&
#"0+584&3(.;$%7(.&7(&2955(-$*/&[??K\&'(-(:,,-r&