Beruflich Dokumente
Kultur Dokumente
Mortensen
Ansel Adams called him ‘the Antichrist’. Roger Hicks be
gs to differ
Have
Nikon,
will travel
One reader’s verdict on
the D7000 that he took
around the world
How to emulate
the look of the great
fashion legends
Classic
lighting
PLUS How to photograph barn owls • DxO OpticsPro 10 tested and rated
7days
A week in photography
ONE OF the loudest debates representation of the truth (although that’s
within photography over the another debate entirely) but should creative
past decade has been about the photography have such barriers?
use of Photoshop. There are This week’s feature on William Mortensen
those who view anything more reminds us that this debate has been raging
In this issue
COVER PICTURE © JAMIE HARRISON, WILLIAM MORTENSEN
than basic image correction and enhancement since long before the digital era. His montages
10 Light work to be cheating, while a sizeable contingent depicting often dark and lurid themes show
Jamie Harrison on how to question whether any substantial manipulation just how far reality could be stretched using
achieve a classic fashion is even photography. Much depends on the traditional methods, and outraged purists like
look with a simple and genre. There’s a reasonable expectation that Ansel Adams at the time. Judge for yourself on
adaptable set-up
documentary photography is an honest page 20. Nigel Atherton, Editor
15 Competition
Win a Billingham 550
bag worth £600 JOIN US Like us on
Facebook.com/Amateur.
Join our Flickr group
at flickr.com/groups/
Follow us
on Twitter
20 American ONLINE amateurphotographer.co.uk photographer.magazine amateurphotographer @AP_Magazine
grotesque
Why has American
photographer William ONLINE PICTURE OF THE WEEK
Mortensen been largely
erased from photographic
history? Roger Hicks
investigates
26 Wildlife watch
David Tipling with tips
and tricks on how to
photograph barn owls
28 The only way is up
Romain Jacquet-Lagrèze
explains how he takes his
dizzying views of Hong
Kong’s high-rise towers
40 Evening class
Martin Evening sorts out
your photo-editing and
post-processing problems
44 On the road again
Globetrotting photographer
Jacob James on how the
© CLIVE MAIDMENT
Hetherington award
French photographer
© WILLIAM DANIELS
William Daniels has
been awarded the Tim
Hetherington Grant, a
€20,000 prize created
in memory of the
British photojournalist
killed in Libya in 2011.
The photographer
was chosen for his
work on the Central
African Republic.
Film scanner
If you have a collection of slides
and negatives languishing in
the loft, then a new 35mm
desktop film scanner from
Reflecta may come in
handy. The RPS 10M film
scanner costs £696 and
is available now.
Call 01793 615 836.
© ETIENNE FRANCEY/WILDLIFE PHOTOGRAPHER OF THE YEAR
Winning formula
© JENSEN BUTTON
The painter
constructs, the
Some tripods boast Get down low
4 a photographer shooting
at ground level in the
same way as they do when the £6 milion
© CALLUM MCINERNEY-RILEY
dies aged 97
FORMER Life magazine
photographer Ralph
Morse has died at the
age of 97.
Morse, who worked
as a staff photographer
for Life for 30 years, will
be most remembered for
his work documenting
the space race.
The photographer
became the magazine’s
youngest war
Available from 5 February, Nikon’s D5500 DSLR will be out in red or black versions
correspondent when in
1942, aged 24, he was
NIKON used the CES trade show ‘The D5500 is a chance for people assigned to cover the
in Las Vegas, USA, to unveil the to expand on their photography skills Pacific region during the
Nikon D5500, a new DSLR with a while providing outstanding results,’ Second World War.
vari-angle touchscreen ‘housed in he claims. ‘Known for his technical
a ‘compact, lightweight body’. The 24.2-million-pixel model innovations, as well as his
Billed as significantly lighter and features an ISO of 100-25,600 and great versatility, he shot
much slimmer than its predecessor, a 39-point AF system, with nine everything from sports to
the new DX-format DSLR is claimed cross-type sensors at the centre. the Space Race,’ states a
to be easier to handle, partially Also on board is a 5fps burst rate Getty Images profile.
thanks to its ‘deep grip’. and Expeed 4 image processor. In a biography, NASA
Nikon also claims that the The D5500’s Touch Fn function allows
The 3.2in vari-angle screen has a says on its website: ‘Morse
D5500’s contrast-detect AF is key settings to be adjusted ‘quickly’ resolution of 1.04 million dots. The covered the John Glenn
20% faster than the D5300 touchscreen can be used to focus flight in 1962 and was
when shooting in live view. ‘Since the explosion of smartphone and shoot, or to adjust aperture, recalled from retirement to
Priced £639.99, body only, and technology, there has been a huge shutter speed and ISO, for instance. cover John Glenn’s second
due in shops on 5 February, the wave of innovative and creative A Touch Fn function is designed to flight in 1998.’
Nikon D5500 measures 124 x 97 x photography worldwide,’ said Simon allow the user to ‘quickly adjust key
70mm and weighs 420g (without Iddon, a group product manager at settings with a finger wipe’ while
battery and memory card). Nikon UK. using the viewfinder. Up to eight
settings can be assigned to the
The D5500 has a Touch Fn mode.
1.04-million-dot
vari-angle Other features include a new
touchscreen Flat setting to help maximise
dynamic range, ten special effects,
full HD video and a built-in stereo
microphone.
Images can be shared using the
built-in Wi-Fi mode, which also
allows the photographer to control
Subscribe to
the camera remotely from a
smartphone.
SAVE *
35%
Visit amateurphotographer
subs.co.uk/15E
* when you pay by UK Direct Debit
© PAUL HILL
Jane Bown CBE, photographed looking in a mirror, joined The Observer in 1949 Paul Hill at York
Long-standing photojournalist and photographer Paul Hill will be
Tributes paid to
hosting a day in conjunction with the RPS to talk about his life
and work. As the first art photographer to receive an MBE and
author of Approaching Photography, Paul should be a treat to
listen to. Book at the RPS site.
‘reluctant star’
25 January. www.rps.org/events/2015/january/25/
paul-hill-at-york or www.hillonphotography.co.uk
© STEVE JONES
Jane Bown
TRIBUTES have been her subject with just a few interview, yet her portraits
paid to renowned frames of film and there are distinctive and full of EVERYWHERE BRISTOL
Observer photographer, are few photographers character and charm.’
and former AP award
winner, Jane Bown, who
with that skill. She will be
missed, but she leaves an
She worked without
extra lights, aiming to
Upgrade in the RPS International
has died aged 89. important archive that will complete her shoots in January sales Biennial Members’
Bown began her
Observer career in
stand the test of time.’ ten minutes.
Following Bown’s
The one good thing you can say
about this month is that the
Print Exhibition 2015
The RPS presents its exclusive
1949, with her first Power of the portrait death last month, former sales make it a great time to members-only exhibition, which
assignment being a Awarding Jane Bown the Guardian picture editor upgrade your kit. Why not look happens only once every two
portrait of philosopher Power of Photography Eamonn McCabe told into picking up a bargain? years. One hundred prints,
Bertrand Russell. award in 2001, AP The Observer: ‘Nobody whittled down from 3,300
She went on to honoured her substantial has taken so many entries, represent the society’s
photograph politicians,
film stars, artists and
comedians, with her
body of work, saying she
‘demonstrates the power
of the portrait’, and ‘her
wonderful photographs
of so many great faces,
with such little fuss, as
S AL E members in 16 countries.
Until 31 January. www.
grantbradleygallery.co.uk
subjects as varied as the genuine affection for Jane Bown. She was a
© THORSTEN BRINKMANN & VG BILDKUNST 2014 BONN
© PAUL SEAWRIGHT
different film camera each week, he found
a treasure trove of lost gems. Here he looks
at the Kodak Brownie Flash 20
I
© TONY KEMPLEN
love the 1950s design of the Kodak
Brownie Flash 20, which is
dominated by an enormous built-in
flash reflector. With its retro look,
this camera appeals to both collectors and
those in search of fashionable 1950s
memorabilia, so the prices tend to be a
little higher than for similar, less glamorous
models. I found mine in an antiques centre Volunteer
(AKA junk shop) in Norwich, Norfolk, and by Paul Seawright, Artist Photo Books, £25,
paid £12 for it, complete with a cream- hardback, 64 pages, ISBN 9-780-99274-851-7
coloured faux-leather case. THE THOUGHT of joining the
As post-war austerity faded army has never once occurred
away and colour photography to me. Yet for many individuals
became more affordable, it’s a decision that occupies
the market for simple Professor Jon’s Flea their mind from a very early
but reasonable-quality Circus – the ideal subject age. Why is this? What is the
for such a camera
cameras took off. difference between me and a person who decided
Manufacturers were gives this camera its to enter into a career in the military? In this powerful
keen to introduce striking appearance. collection of images, Paul Seawright has gone some
‘idiot-proof’ features I was tempted to have way to answering that question. Seawright has shot
to reduce the chances a go anyway, but the at around 500 temporary recruitment locations in
of disappointing cost of the esoteric 15 American states, and judging by the impoverished
results, which might 22.5V battery required landscapes he captures, the answer perhaps lies in
result in lucrative to fire the flashbulb put the empty streets and vacant shops. When faced with
film sales stalling. me off, so I stuck with limited options, people will turn to any opportunity
natural light, although, that provides escape from drudgery. In these locations,
Film facts having decided to the American Dream has turned stale. The
So while, in essence, cross-process my film, expectation of a fulfilling life seems to have abandoned
this is an eye-level box I knew there would the individuals who once occupied these streets. An
camera, there are a few be nothing particularly air of tragedy pervades these images. We know full
minor sophistications. It natural about the colour well that many of the individuals who once traversed
has three apertures and rendition of the results. these walkways and visited these stores will never
three focus zones, together with a Where possible, I try to match the return. Volunteer is a haunting project and is also
wind-on system that doesn’t require you subject to the camera, so Professor Jon’s utterly engaging. +++++
to use the red window, other than to Flea Circus, a faithful rendering of a 1950s
advance the film to the first frame. fairground sideshow, was a lucky find. Billed
An immediate obstacle is the fact that it as the smallest circus in the world, it’s
uses 620 film. This is identical to 120 film, guaranteed to leave you itching for more. Goodwood Revival
which is still widely available today, but it But don’t worry about his unhealthy by Uli Weber, Skira, £39.95, hardback,
uses a slimmer spool. The vast majority of looking skin tone, as this results from ISBN 9-788-85722-293-6
620 cameras will not accept 120 spools, using slide film cross-processed in EVERY year, Goodwood stages
so some way has to be found to get negative chemistry – it’s not due to a race meeting for the kind
around this. The cheapest solution is an unpleasant flea-borne disease! of cars and motorcycles that
to re-roll a film yourself, or failing that, would have competed at this
re-spooled film can be found online. Any historic circuit between 1948
original 620 film you might come across
Tony Kemplen’s love of photography began as a teenager and 1966. This series of images
is likely to be very much past its best, as and ever since he has been collecting cameras with by Uli Weber is a thrilling step
it was last made in 1995. I opted for the a view to testing as many as he can. You can follow back in time, and one that will
DIY route, using some recently expired his progress on his 52 Cameras blog at 52cameras. set any nostalgic petrolhead
and cheap Fujifilm slide film. blogspot.co.uk. You can also see more photos from drooling. There is undeniably
I’m not a fan of flash photography, which the Kodak Brownie Flash 20 at www.flickr.com/ something spine-tingling about seeing these majestic
is a shame, as the flash reflector is what tony_kemplen/sets/72157633518635984 and beautifully designed machines in action. It’s also
a great history lesson in the development of the
motor vehicle and racing culture. For just a few
Do you have something you’d like to get off your chest? Send us your thoughts in around pounds, you can leave the modern world behind
500 words to the address on page 17 and win a year’s digital subscription to AP, worth £79.99 and dream. +++++
Light
2x Bowens Gemini
▲
500R flash and stands
Bowens produces reliable flash
models of varying outputs
and at a range of prices.
Invest in decent stands
that can take the
weight and allow you to
reach the necessary height.
work Lencarta
▲
softboxes
I’m very impressed with
Lencarta’s range of affordable
softboxes. Unfortunately,
the 150cm model is now
discontinued, but the company
offers 120cm and 85cm
Jamie Harrison demonstrates how versions. Other models from
to achieve a classic fashion look with Profoto, Westcott, Elinchrom
and Bowens are available in
this simple and adaptable set-up a variety of shapes and sizes.
L
Manfrotto
▲
ighting is the before the diffuser panel is placed
fundamental starting on the front. It’s called an octa Expan
point of photography, because it is an octagonal shape, background
and for those who are and it is available in a variety of
venturing from the outdoors sizes and depths.
system
into the studio, the vast array The key light is placed to the
The Expan system is
of lighting equipment available right or left of the camera and at
designed for permanent
and complicated lighting set- a 45° angle to the model. This is
fixing to a wall in the studio,
ups this seems to open up can essentially Rembrandt lighting,
but free-standing systems
be overwhelming. When you’re and is named after the artist who
are available if permanence
shooting people, the simplest often used the same flattering
is not an option.
way is to start with one light, and form of window lighting in his
then build up the light around paintings. I like to work in this Colorama Storm Grey
▲ 11ft
it. Although I work mainly with way because it creates a huge soft paper background
young female models in the beauty, pool of flattering light, allowing the
hair and fashion fields, the same model to move position without The Storm Grey background
techniques can be used with worrying too much about affecting is a midtone grey that is
a variety of subjects – I’ve used the way in which the light falls on a standard in most fashion
them for corporate portraits, him or her. studios. Colorama also
actors’ head shots and even kids. A large light source can also produces lighter and darker
This set-up is something you illuminate the clothes and body for tones, and myriad other
can use again and again, and it full-length shots. The concentrated colours. Alternatively, you
can be adapted to your personal light produced by smaller octas could just use a wall.
needs, the subject and even to requires the model to be more
Adobe
▲
Fill light
The fill light is the secondary light source,
which opens up any underexposed or
darker areas. This could be local fill, such
as clothing or the face, or the complete
subject. Fill lighting can be produced by
a second light or using a reflector.
Kick light
The kick light, or kicker, is typically placed
to the side of the model in order to
provide a strip of illumination down the
side of the body. These lights can be
used on just one side, or you could
double up and have one on each side.
The key light was
a large octa set at
low power, placed to
Rim light
the model’s right, and A rim light is similar to a kick light, but is
placed more directly behind the model
ALL PICTURES © JAMIE HARRISON
Finding models
THERE are a number of brilliant resources on the internet specifically designed for
photographers, models, make-up artists, hairdressers and stylists to network and begin working
together, such as modelmayhem.com, purpleport.com and purestorm.com.
Facebook is also a great resource, with several local groups where people can seek out
new connections, show off their work and discuss all things photographic. Many also offer local
group shoots, giving you the chance to split any costs, share tips, compare kit and network over
a pint afterwards.
Always remember to be friendly and respectful, and to make the models feel comfortable so
they will recommend you and make it easier to find new subjects. Most of all, make the shoot fun!
WORTH
£600*
Win a
Billingham 550 bag
Pink Lady® Food Photographer of the Year is delighted to offer
one lucky reader the chance to win an all-singing, all-dancing
Billingham 550 bag worth £600
THE 550 was the first production bag Billingham entries until 8 February 2015. Visit www.
made and it set the tone and style for all the others. pinkladyfoodphotographeroftheyear.com.
It is still one of the largest in Billingham’s range, and To be in with a chance of winning a Billingham
probably the first choice of bag if you never want to 550 bag, visit www.amateurphototographer.co.uk/
worry about leaving something behind. Even without billinghamcomp and answer the simple question. The
the two detachable end pockets, the 550 is still large closing date for entries is 30 January 2015. The
enough to carry several camera bodies, lenses, winner of the Billingham 550 bag will be chosen at
flashguns and even some overnight essentials. random from the correct entries and will be contacted
Pink Lady® Food Photographer of the Year, by email within six weeks of the closing date. Full terms
* COMPETITION OPEN TO UK RESIDENTS ONLY
the world’s leading awards recognising the art and conditions can be found on the AP website at
and diversity of food photography, is open for www.amateurphotographer.co.uk.
Inbox
Email amateurphotographer@timeinc.com and include your full postal address
Write to Inbox, Amateur Photographer, Time Inc. (UK), Blue Fin Building, 110 Southwark Street, London SE1 0SU
Did you fulfil your photographic
New Year’s resolutions in 2014? LETTER OF THE WEEK
You answered…
A Yes
B No
14%
15%
True grit
Two years ago, a friend and I went shooting
C Partially 18% at Keswick in the Lake District in the depths
D I didn’t make any 53% of winter. I’ve never been so cold in my
life. So it caused my admiration for the
What you said Shackleton expedition photographer Frank
‘I set out to “get my work out there”, and I ended up Hurley (AP 6 December) to increase tenfold.
getting my writings about photography “out there”!’ Like Robert Falcon Scott’s equally dedicated
‘I could answer no but I could equally answer yes, photographer Herbert Ponting, Hurley was
because I didn’t make any.’ a breed apart in terms of his dedication in
the most extreme conditions imaginable.
‘Partly – I wanted to make a book, but haven’t yet.
Unlike the awkward and bulky cameras
Just finishing them (two books!) in Lightroom, but
Hurley (and particularly Ponting) used, for
won’t be ready in 2014.’
our visit to Keswick I was armed with just
‘Of course I haven’t, photographic or otherwise. a Nikon D90, an 18-200mm lens and
Resolutions are statements of intent, normally made a tripod. We also had the luxury of my
while recovering from far too much food and alcohol.’ friend’s warm camper van to help alleviate
‘My photographic resolutions in 2014… were between our discomfort. So I’m trying to imagine
7 and 8 megapixels (*waggles eyebrows*).’ the sheer grit of Hurley and Ponting who,
Join the debate on the AP forum despite the appalling conditions they
endured, managed to return with such
This week we ask awesome images – or the tooth-gnashing and back was truly commendable. In his
frustration Hurley surely felt at having to editorial for that issue, Nigel Atherton asked
How much Photoshop manipulation dump 400 precious glass plates in order if we have ever risked our safety for the sake
do you consider to be acceptable? to reduce weight for their journey. of a picture. Those guys certainly did – and
Vote online www.amateurphotographer.co.uk Recalling the biting cold of our shoot just look at the quality of their work!
in Keswick really helps put Hurley and Terry Armstrong, Tyne and Wear
Ponting’s achievements in conditions
Guess the date far worse into perspective. To return with
such iconic images after what was – on both
I wonder what Hurley and Ponting
would have made of your D90? –
expeditions – a journey to hell Nigel Atherton, Editor
Win!
With ultra-fast performance, the new Samsung 16GB EVO SD card,
Class 10, Grade 1, offers up to 48MB/sec transfer speed and has a
ten-year warranty.
www.samsung.com
Cometh Lumix
DMC-CM1
Managing Director
Publishing Director
Group Magazines Editor
Paul Williams
Alex Robb
Garry Coward-Williams
the hour
Why the first hour of the day is
A smartphone with a
1in sensor? Or a camera
that makes phone calls?
Printed in the UK by Polestar Group
Distributed by Marketforce, Blue Fin Building, 110 Southwark
Street, London SE1 0SU. Tel: 0203 148 3333
Whichever it is, we put All contributions to Amateur Photographer must be original, not copies or duplicated to other
publications. The editor reserves the right to shorten or modify any letter or material submitted.
the best time to shoot landscapes it to the test Time Inc. (UK) or its associated companies reserves the right to re-use any submission sent to the
letters column of Amateur Photographer magazine, in any format or medium, WHETHER PRINTED,
ELECTRONIC OR OTHERWISE Amateur Photographer® is a registered trademark of Time Inc. (UK)
© Time Inc. (UK) 2015 Amateur Photographer (incorporating Photo Technique & Camera Weekly)
Social climbers Email: amateurphotographer@timeinc.com Website: www.amateurphotographer.co.uk Time Inc.
switchboard tel: 0203 148 5000 Amateur Photographer is published weekly (51 issues per year) on
Marvel at these amazing the Tuesday preceding the cover date by Time Inc. (UK), Blue Fin Building, 110 Southwark Street,
London SE1 0SU. Distributed by Marketforce (UK) Ltd, Blue Fin Building, 110 Southwark Street
mountaineering photos, SE1 OSU. ISSN 0002-6840. No part of this publication may be reproduced, stored in a retrieval or
transmitted in any format or medium, whether printed, electronic or otherwise, without the prior
the likes of which you’ve written permission of the publisher or the editor. This is considered a breach of copyright and
action will be taken where this occurs. This magazine must not be lent, sold, hired or otherwise
never seen before disposed of in a mutilated condition or in any authorised cover by way, or by trade, or annexed to
any publication or advertising matter without first obtaining written permission from the publisher.
Time Inc. (UK) Ltd does not accept responsibility for loss or damage to unsolicited photographs
Taylor Wessing and manuscripts, and product samples. Time Inc. (UK) reserves the right to use any submissions
sent to Amateur Photographer Magazine in any format or medium, including electronic. One-year
subscription (51 issues) £145.55 (UK), e259.99 (Europe), $338.99 (USA), £221.99 (rest of world).
Highlights from the The 2014 US annual DEU subscription price is $338.99, airfreight and mailing in the USA by named
Air Business Ltd, c/o Worldnet Shipping Inc, 156-15, 146th Avenue, 2nd floor, Jamaica, NY 11434,
UK’s most prestigious
© MARK BAUER
USA. Periodicals postage paid at Jamaica NY 11431. US Postmaster: Send address changes to
Amateur Photographer, Air Business Ltd, c/o Worldnet Shipping Inc, 156-15, 146th Avenue, 2nd
portrait photography floor, Jamaica, NY 11434, USA. Subscriptions records are maintained at Time Inc. (UK), Blue Fin
Building, 110 Southwark Street, London, SE1 0SU. Air Business Ltd is acting as our mailing agent.
competition
Foundation in
Photography
Learn how to take images
of a high technical standard
and artistic quality, from
the basics of composition
to shutter speeds and
movement.
WHY SPI?
● Master your
camera and hone
your photography
skills.
● Study in your own
time and at your
own pace.
Foundation in Digital
● Receive detailed Imaging Techniques
feedback from an Take control of your
expert photographer. images and master the
techniques of digital
● Plus get a massive imaging software to
50% discount on the edit and enhance your
photographs.
full price of an annual
subscription to
Amateur Photographer
or What Digital
Camera. (Overseas
students receive a
40% discount).
ANYmoQU ESTIONS?
For re information
or to enrol on a course
please contact the Foundation in
course administrator on
0203 148 4326 or email Digital Photography
spiadmin@ timeinc.com Learn how to utilise your
camera’s various tools and
settings to take exquisite
images and push your
Right: Self-portrait,
c1955. This is a
combination-printed,
selectively toned,
hand-coloured
‘Metalchrome’
I
magine a major photographer
being systematically written
out of photographic history.
Not merely neglected;
not accidentally forgotten; but
deliberately excluded, airbrushed
out of existence, like the victim of
a Soviet show trial in the 1930s.
This is what happened to American
photographer William Mortensen
(1897-1965). He and Ansel Adams
were at daggers drawn, and Group
f/64 sided with Adams. Worse,
Beaumont and Nancy Newhall,
authors of the otherwise excellent
The History of Photography (1937),
hated him as much as Adams did,
and refused to mention him.
A new book, American Grotesque
(Feral House, 2014) should redress
the balance considerably. It is an
excellent summary of Mortensen’s
life and work, and it fills in and
enlarges upon many of the points
that are glossed over or indeed
wilfully distorted in Mortensen’s
own account of his life in his
autobiography The Command
to Look. The latter is the summa
summarum of his philosophy,
and is simultaneously reissued
by Feral House with a valuable
introduction and an interesting if
tangential postscript on Satanism.
So what did Mortensen do?
Why was he so unpopular with
f/64 and the self-appointed purists?
And why are there still unabashed
and indeed evangelical devotees of
his work, long after his death?
On the aesthetic side, he was
as far from the sacrosanctity of
the captured image, the unspoiled
(though Zone-processed) negative,
as can readily be imagined. He
used texture screens, combination
printing, retouching of both
negatives and prints,
21
WILLIAM MORTENSEN
had very fixed ideas of what Above left: pretty: few, if any, could be offended and complex development regimes.
a photograph should be, and ‘Belphagor’, 1935. by looking at them. Puritans and Instead, he believed in keying the
Mortensen’s images weren’t it. Most of the effect is prudes were, however, immediately exposure to the highlights, and ‘the
This was quite apart from his down to extremely receptive to attacks on Mortensen’s fullest possible development’. His
subject matter, which incorporated heavy make-up work from (photographic) ‘purists’. theories are a highly opinionated
and prosthetics
a fair amount of nudity, suggestions On the technical side, he interpretation of Hurter and
of sadism and more than a slight Above right: ‘The propagated his own theory Driffield’s 19th century work in
anti-religious slant. Adams’ ‘trees Tribunal’, c1926 of exposure that was in direct sensitometry (much like Adams’).
and mountainsides’ (to quote Adam – sex, sadism and opposition to Adams’s long-winded On top of all this, thanks to his
Parfrey of Feral House) were combination Zone System, with its insistence friend, collaborator, model and
essentially anodyne and pretty- printing on capturing long tonal ranges ghost writer George Dunham, his
Left: ‘Fear’,
also known as
‘Obsession’,
c1927
Right: ‘Human
Relations’, 1932.
Mortensen openly
referred to some
of his pictures as
‘propaganda’ and
some of them are
very hard to forget.
Once again, this
relies on heavy
retouching
;
&7.77
&*>8C :;
)+()*4!<%2</0! )+()*!0
E.B<*B!.!4)2B2 J22/ .!0= B)B %E.%+..=
4)2B2(<4)!<=; /2=B =B<+0(!0B
<!9E+<!/!0B=8
&727
?
C8&
.B< G+ !*0(.! J22/ .!0= G+B)
2
?
% &'
&(
?
% ' % &
&7 &777
-7277
&*>8C
D8" D8"
+() 4!<%2</0!
)! %E0B+20 2%%!<= .<(! 4!<BE<!
B)! E=! 2% =)EBB!< /! +E/ B!.!4)2B2
=4!! = 44<2H+/B!.I /<2 .!0= G+B)
' =B24= =.2G!< B)0 2B)!<G+=! 42==+.! 54B+. B+.+J!<68
0 ..2G= %2< !=I =)22B+0( %2< /0I A>'1811
BI4!= 2% 4)2B2(<4)I8 A3&C1811 02<42<B!= B)<!! (.==
?
?
!.!/!0B= <!< %2E= =I=B!/
5I4!< 20+ 2B2<6 0
" &"
2/4B+.! %2< E=! G+B) !.!
% #
5
6
1!,, ',,+ 1!,' ,!!! 1!, +1!+ 1,1& +&1,11 1,+ ,+ ++ 1!,+ ,
5
6
1!!& , !+ 1!,1' &+ 1!+ 111 1!'! + &11 1!! ,! 1!', '',1+
56
1!!& ,& '! 1!++, +' 1!,' '!'' 1!'1+ '!,+& 1!&,, +++' 1!1 ,,+!
5 6
5 6
1!,, ! ! 1!+, ,&1, 1!,, ,&& 1!! ! &' 1,+ 1++ !&,1
0
*-$
0
+1"
5 6
5 6 !.!B! =B2<!= 24!0 E0 I
1!, +,'+! 1!+, ,+'! 1!,, !!+! 1!&, '' 1,+ 1,, !& * 4.!=! )!- %2< !B+.=8
))) !( (
WILDLIFE WATCH
Barn owls
To photograph a barn owl fluttering moth-like
over a meadow on a crisp winter’s day is special. Barn owls can
David Tipling reveals how to get the shot be found across
most of the UK
David Tipling
David Tipling is one of the most widely
published wildlife photographers in the
world. His pictures appear on hundreds of
book and magazine covers, and have been
used in various other ways, from wine
A long focal length of 500mm was used to capture this female barn owl hunting labels to being projected in New York’s
Times Square. www.davidtipling.com
Habitat
Barn owls favour hunting over grazing marshes and
meadows and along wide field margins adjoining
hedgerows. These sites will hold good populations
of rodents, particularly voles. Meadows that are heavily
ALL PICTURES © DAVID TIPLING
Clothing Monopod
▲
Shooting
advice
Quiet shutter
If your camera has a noisy
shutter, try to dampen the
sound a little. The clicking
will not go unnoticed by a
hunting owl that is using its
sensitive hearing to locate
prey. I normally keep
focused and only fire the
shutter once the owl is
within optimum range. If
the owl you are trying to
photograph does not like
the sound of your shutter,
or you move too much, it
will react by veering away
and may steer clear of
where you are standing.
Camouflage
I normally handhold my
telephoto lens as it frees
me up to track the owl,
which can fly past relatively
quickly, so you need to pan
at a decent pace. I position
myself against a hedgerow
or tree when waiting,
and sometimes wear
camouflage gear that can
prove very effective. At
some sites, owls are used
to people and clicking
cameras, but at most
locations moving slowly
and using good fieldcraft
will increase success.
Positioning
A hunting owl will always
quarter a field flying into
the wind if there is more
than just a light breeze.
This gives the bird greater
control to hover and stoop.
So place yourself ahead of
the owl and you should be
able to shoot it coming
towards you.
Weather
Barn owls find it tough
to hunt in wet and windy
weather, so as soon as
conditions improve they will
be out hunting in numbers.
The best conditions in
winter are still days or a day
with just a light breeze,
which has followed a period
This barn owl shot
was taken in
of wind or rain. Very cold
Norfolk during the weather will see increased
late afternoon numbers of owls hunting
during the day too.
28
ARCHITECTURE
Location, location
When it came to finding the
buildings to photograph, Romain’s
vision was led very much by
contrasts and opposites,
juxtaposing old and new.
‘Hong Kong is fascinating both for
its messiness and also for its slick
and geometrical architecture,’ he
says. ‘I was looking to include this
extensive variety of buildings in my
series to depict the urban diversity of
this city. I felt I could do this best by
searching for the extremes at either
end of the spectrum. So, I would
shoot an old and messy residential
building, and then more modern
buildings with no trace of life, that
look almost like abstract sculptures.’
Once Romain had narrowed
down his subject matter, there was
then the hurdle of finding the right
light and time of day to shoot. There
were many times when he would
need to revisit a location in order to
get the light just right, particularly
as he was shooting with ambient
light and no artificial lighting.
‘There were many times when
I would find a good spot to shoot
in, but I’d then find the light was
not at its best,’ he says. ‘In such
cases, I had to come back again
very early in the morning or around
dusk to catch the best light.
And for other locations, it was
Composition
Romain’s obsession with straight
lines, patterns and angles runs
throughout his ‘Vertical Horizon’
series, and it is a theme that has
roots in his childhood.
‘Throughout my studies, I was
always interested in geometry and
mathematics,’ he says. ‘A nd when I
was a kid I was fond of geometric
"! + '( PP I' $)
PP I' $)
1LNRQ '6 6/5 ERG\
PP I' $)
1LNRQ '6 $)6 PP I* ,)(' .LW
1LNRQ '6 $)6 PP I* ,)(' .LW PP I' $)
1LNRQ '6 $)6 PP PP I* .LW PP I' $)'&
1LNRQ ' '6/5 ERG\ PP I' $)'&
1LNRQ ' 0%' *ULS .LW PP I' $) ,)('
1LNRQ ' 6/5 ERG\ $)6 PP I* (' 95
1LNRQ ' PP I* 95 '; ,)(' .LW $)6 PP I* (' 95
1LNRQ ' PP I* 95 ,, '; ,)(' .LW $)6 PP I* 95 ,, ,)('
1LNRQ ' 0%' .LW $)6 PP I* 95 ,)('
1LNRQ ' 6/5 ERG\ $)6 PP I* 95 ,)('
1LNRQ ' $)6 PP I* 95 '; .LW $)6 PP I* 95 ('
1LNRQ ' $)6 PP I* 95 '; .LW $)6 PP I* 95,, ,)('
1LNRQ ' '6/5 ERG\ $)6 PP I* 95 ,, ,)('
1LNRQ ' $)6 PP I* 95 '; .LW $)6 PP I' ,)('
1LNRQ ' '6/5 ERG\ $)6 PP I* 95 ,, ,)('
1LNRQ ' $)6 PP I* 95 '; .LW $)6 PP I( 95 )/ ('
1LNRQ ' '6/5 ERG\ $)6 PP I* 95 ,)('
1LNRQ ' PP I* 95 '; .LW $)6 PP I* 95 ,)('
1LNRQ 'I $)6 PP I* 6SHFLDO (GLWLRQ $)6 PP I( 95 )/ (' LQF 7&( (' WHOHFRQYHUWHU
1LNRQ 'I '6/5 ERG\ FKURPH RU EODFN ¿QLVK
7&( ,, [ WHOHFRQYHUWHU
"! # 1(+ 7&( ,,, [ WHOHFRQYHUWHU
1LNRQ 9 PP .LW 7&( ,, [ WHOHFRQYHUWHU
1LNRQ 9 PP PP 7ZLQ .LW 7&( ,,, [ WHOHFRQYHUWHU
1LNRQ 6 PP .LW
1LNRQ 6 PP PP .LW
1LNRQ $: PP I
'"
"' !((
$)6 PP I* '; 0LFUR
1LNRQ $: PP I PP I
1LNNRU 95 PP I
PP I' 0LFUR
$)6 PP I* (' 0LFUR
1LNNRU 95 PP I $)6 PP I* 95 '; ,)(' 0LFUR
1LNNRU 95 PP I $)6 PP I* $)6 95 0LFUR ,)('
1LNNRU 95 PP I PP I' $) 0LFUR ,)('
1LNNRU PP I
1LNNRU $: PP I
"! $+(
2% "' "/
1LNNRU PP I 6% 6SHHGOLJKW
1LNNRU 95 PP I 3'=RRP 6% 6SHHGOLJKW
1LNRQ 6%1 6SHHGOLJKW 6% 6SHHGOLJKW
1LNRQ *31 *36 8QLW
!+'(+
6% 6SHHGOLJKW
1LNRQ 0RXQW DGDSWHU )7 6%5& &ORVH8S &RPPDQGHU .LW
6%5 &ORVH8S 5HPRWH .LW
"!
""$0 68 :LUHOHVV 6SHHGOLJKW &RPPDQGHU
!!
1LNRQ &RROSL[ $ 6%5 :LUHOHVV 5HPRWH 6SHHGOLJKW
1LNRQ &RROSL[ 3
"' !(( !- "-(
"' !((
PP I 1LNNRU
PP I* $) '; (' )LVKH\H PP I 1LNNRU
$)6 PP I* '; PP I 1LNNRU
$)6 PP I* ,)(' ';
$)6 PP I* ,)(' '; PP I 1LNNRU
$)6 PP I* (' 95 '; PP I3 1LNNRU FKURPH
$)6 PP I* '; ,)(' PP I 1LNNRU
$)6 PP I* 95 (' '; PP I 1LNNRU
$)6 PP I* 95,, (' ';
$)6 PP I* 95 '; ,)(' ""
"' !- !((
$)6 PP I* 95 '; (' PP I =RRP1LNNRU
$)6 PP I* 95 ,, '; ,)('
$)6 PP I* (' 95 '; $ -'$"( '($+.
$)6 PP I* (' 95 ';
$)6 PP I* 95 '; ,)('
"!+'" '"
"' !((
$)6 PP I* '; 95 PP I' 3&( (' 1LNNRU
PP I 3& 1LNNRU
"' !(( PP I' (' 3&( 1LNNRU
PP I 0LFUR1LNNRU
PP I' $) ('
PP I' $) )LVKH\H PP I' (' 3&( 1LNNRU
PP I' $) PP I 0LFUR1LNNRU
PP I' $) PP I 0LFUR1LNNRU
PP I' $) 3& 3HUVSHFWLYH &RQWURO 3&(7LOW6KLIW3HUVSHFWLYH &RQWURO
&KXUWRQ 6WUHHW /RQGRQ 6:9 /3 (QJODQG 7HO )D[ )ROORZ XV RQ #1LNRQDW*UD\V
LQIR#JUD\VRIZHVWPLQVWHUFRXN 0RQ)UL DP SP 6DW DP SP
3KRWRJUDSKV E\ 7RQ
Registration
3 Anselm has
achieved a depth
to this image by
including the feet
of the pedestrians
and their reflections
in the car bonnet
Nikon F3, 35mm,
1/250sec, Ilford HP4
34
YOUR PICTURES IN PRINT
The Reader Portfolio winners chosen every week Submit your images
will receive a SmugMug Power account, worth £35 Please see the ‘Send us your
pictures’ section on page 3 for details
each, on which to host their images or visit www.amateurphotographer.
SmugMug is the world’s leading independent cloud-based photo website for a new generation of photographers. SmugMug Power account gives you co.uk/portfolio
a fully hosted, customisable website where you will receive unlimited photo uploads and gorgeous full-screen galleries. Visit www.smugmug.com
Snow Backstage
4 The influence of 5 Here we find
Josef Koudelka is a beautiful use of
clear here. The great light and shadow. By
photographer took exposing in just the
many images of the right way, Anselm has
everyday that were managed to highlight
elevated through his the sections of the
careful consideration scene that tell us just
of subject, location enough about the
and framing location and story
Nikon F3, 35mm, Nikon F3, 35mm,
1/250sec, Ilford HP4 1/250sec, Ilford HP4
5
35
C
Viðareiði Church
1 This church is in the northernmost
settlement in the Faroes and lies on the
island of Viðoy. It’s an incredible foreground
subject to include against such a stunning
and dramatic background
Nikon 7100, 18-105mm, 1/320sec at f/18,
ISO 200
AFTER
BEFORE
BEFORE
Adding sparkle
to an image
IT CAN be incredibly difficult to photograph The exposure in the original was a bit dark, Here, I used these two sliders to do the
insects close-up. For a start, they tend to so it needed to be lightened up a bit, but it was opposite and add more contrast instead. I also
move pretty quickly, and getting your subject also important to boost the contrast. Normally, used the HSL Luminance slider controls to
in sharp focus using a macro lens is never that I use the Highlights and Shadows sliders in add more sparkle by enhancing the colour
easy. Andy Kyriacou has done well here to Camera Raw to lower the contrast and open luminance contrast between the green mantis
get this great view of a mantis head-on. up the tones at the highlight and shadow ends. and the blue backdrop.
Lens corrections
LENS corrections in Photoshop Exif lens data, and using that
or Camera Raw are possible due information it knows exactly how
to Adobe having a database of to correct known lens anomalies
lens profiles for many different such as geometric distortion and Fisheye Auto corrected
camera lenses. This includes vignetting. It’s not just the lens
most of the popular brands and corrections in Camera Raw and Angle filter and Photomerge example of a photograph shot
models. Basically, the software is Photoshop, but also other tools that benefit from this feature. with a fisheye lens automatically
able to reference the camera’s such as the Adaptive Wide Shown here is a before and after corrected using a lens profile.
Martin Evening is a noted expert in both photography and digital imaging. He is well known in London for his fashion and beauty work, for which he has won several awards. Martin has worked
with the Adobe Photoshop and Adobe Lightroom engineering teams over many years and is one of the founding members of a software design company. Visit www.martinevening.com
There are plenty of cheaper alternatives ability to control drive to a smartphone images
for wireless image transfer, such as wireless their cameras or tablet. wirelessly to a
card readers and Eye-Fi memory cards, remotely via a smartphone or
but the Weye Feye S has the advantage of smartphone, the tablet – it now
allowing the photographer to shoot images original Weye Feye also boasts
while it is connected. If this isn’t a necessity, DSLR controller is cloud storage.
it may be worth looking at the alternatives. the product to get.
Macphun Intensify Pro can help to recover highlight and shadow details
Try it today
www.amateurphotographer.co.uk/digital-edition
The split screen view makes it easy to compare before and after shots
A
t the start of 2010, I limitations, particularly when at the professional end of
was in the position that shooting in low light. Nikon’s DX sensor range.
most hobbyists reach As the weeks went by, I started I began tossing up
at some point in their to consider upgrading my camera. whether to stump up the
photographic life: I had played At the time I was just about cash for the D300S or
around with near enough every finishing sixth form and, like save some money and
style of photography until that most poor, part-time-employed get the D90 along with
point, dabbling in sports, macro, 17 or 18-year-olds, the idea of an extra lens or two.
portraiture and landscapes, but spending a significant lump of I liked the idea of the
had never really clicked with any cash on a decent camera was pro features of the
of them. It wasn’t that I was a tough decision. D300S, such as the At a glance
struggling to produce decent Back in 2010, the camera weather-sealing, magnesium-
images; I was just not enjoying market was a little easier to alloy body and upgraded video ● 16.2-million-pixel,
the process. I was suffering from navigate. Compact system features, but I wasn’t ready to APS-C-sized CMOS sensor
the photography equivalent of cameras were in their infancy spend that kind of money on ● ISO 100-25,600
writer’s block and had absolutely and not really thought of as a camera body just yet. ● Full HD 1080p video
no desire to get out and shoot ‘real’ cameras by most It was in September 2010 that ● Up to 6fps shooting rate
anything meaningful. photographers, so the choice Nikon launched the D7000. ● 100% viewfinder
It was around this time that was either an APS-C cropped When I first saw the spec sheet, ● Around £520 (body only)
I signed up for a six-week sensor or full frame for the with its magnesium-alloy body,
volunteering trip to the rural majority of hobbyists. Straight 16.2-million-pixel sensor,
west of Thailand, close to the away I knew that the cost of weather-sealing, full HD video,
border with Myanmar. My trusty full-frame lenses would prevent class-leading dynamic range and
Nikon D40 was by now getting me from heading in that direction, ISO performance, I knew
old and starting to show its so I started to look more closely that it was my dream
Weather-
sealed
With magnesium-
alloy top and
back panels, the
D7000 is strong
and lightweight,
and is fully
weather-sealed.
Autofocus was neither the quickest shot with the D7000, I have slowly
nor the most accurate. In broad come to remember just what an
77mm
Ƒ 1saving
year UK credit/debit card subscription, paying just £101.49,
30% off the full price of £145.55
OVERSEAS SUBSCRIBERS SAVE UP TO 24%.
Visit www.amateurphotographersubs.co.uk/15E and select your country
from the drop down OR call +44 330 3330 233 and quote code 15E
Your Details
Mr/Mrs/Ms/Miss: Forename:
Surname:
If you would like to receive emails from Time Inc. (UK) Ltd. and Amateur Photographer containing news, special offers,
product service information and, occasionally, take part in our magazine research via email, please include your email
below.
Email:
Address:
Postcode:
Country:
Home Tel No (inc. area code):
Would you like to receive messages to your mobile from Time Inc. (UK) Ltd. and Amateur Photographer containing news,
special offers, product and service information and take part in our research? If yes, please include your mobile phone
number here.
Mobile No:
Date of Birth: D D M M Y Y Y Y
CHOOSE FROM 3 EASY WAYS TO PAY
1. I enclose a cheque made payable to Time Inc. (UK) Ltd., for the
amount of £ ______________________
2. Please debit my: ƑVisa ƑV isaDebit ƑM asterCard ƑAmex ƑM aestro (UK only)
ƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑƑ
ƑƑƑ
Card No:
3. Pay £23.49 per quarter by Direct Debit (complete your details below). O SAVE MONEY ON THE COVER PRICE
Instructions to your bank or building society to pay by Direct Debit
For office use only Originator’s Reference - 764 221
EVERY WEEK
Name of Bank: O NEVER MISS AN ISSUE
Address of Bank:
O ENJOY CONVENIENT HOME DELIVERY
Postcode: O GO DIGITAL; IT’S FREE – EVERY
ƑƑƑƑƑƑƑƑ ƑƑƑƑ ƑƑ
Name of Account Holder:
SUBSCRIPTION COMES COMPLETE WITH A
Acct No: Sort Code:
Please pay Time Inc. (UK) Ltd., Direct Debits from the account detailed on this Instruction subject to the safeguards
FREE TRIAL DIGITAL VERSION – FOR iPAD
assured by the Direct Debit Guarantee. I understand that this instruction may remain with Time Inc. (UK) Ltd. and if so,
details will be passed electronically to my bank or building society. AND iPHONE.
Send coupon to: Amateur Photographer Subscriptions,
FREEPOST RTKA-YLJG-HAAK, Time Inc. (UK) Ltd, Rockwood
House,9-16 Perrymount Road, HAYWARDSHEATH, RH163DH
(No stamp required)
Offer open to new subscribers only. Direct Debit offer is available to UK subscribers only. Please allow up to
six weeks for delivery of your first subscription issue (up to eight weeks overseas). The free digital version can
organisations and brands, promoting and researching their products and services. If you want to receive
messages please tick here Ƒ. Time Inc. (UK) Ltd. would like to email you with offers from carefully selected
organisations and brands, promoting and researching their products and services.
If you want to receive these messages please tick here Ƒ. CODE: 15E
Subscribe and
SAVE UP TO
amateurphotographersubs.co.uk/15E
35% Complete the
coupon opposite
THE DIRECT DEBIT GUARANTEE • This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits • If there are any changes to the amount, date or frequency of your Direct Debit
Time Inc. (UK) Ltd. will notify you 10 working days in advance of your account being debited or as otherwise agreed. If you request Time Inc. (UK) Ltd. to collect a payment, confirmation of the amount and date will be
given to you at the time of the request • If an error is made in the payment of your Direct Debit, by Time Inc. (UK) Ltd. or your bank or building society you are entitled to a full and immediate refund of the amount paid
from your bank or building society – If you receive a refund you are not entitled to, you must pay it back when Time Inc. (UK) Ltd. asks you to • You can cancel a Direct Debit at any time by simply contacting your bank or
building society. Written confirmation may be required. Please also notify us.
MACRO PHOTOGRAPHY
SEMINAR WITH HEATHER ANGEL
ONLY
£39
Camera
WHAT DIGITAL
the renowned wildlife of Amateur Photographer and What 110 Southwark Street, London SE1 0SU.
photographer with Digital Camera in the Blue Fin Building, PLEASE INCLUDE YOUR NAME, ADDRESS,
a passion for plants, rising above the impressive skyline of EMAIL AND TELEPHONE NUMBER
mammals and macro photography. London's South Bank.
See how reflectors, diffusers and fill flash Tickets are sold on a first-come, first- Call 0203 148 4326
help to improve macro shots in the field. served basis at £39 per head, to include a to pay by card
Discover how to gain arresting macro still- presentation and Q&A session with Heather
life shots with simple lighting – including Angel from 6pm-8.30pm. £39 per person
Price includes: All talks/Q&As, glass of wine. Please note
For full details visit www.amateurphotographer.co.uk/macro or call 0203 148 4326 that the places are only confirmed upon receipt of payment.
Tickets are non-refundable
SOFTWARE TEST Testbench
DxO OpticsPro 10
The latest version of DxO’s image-editing software
features improved noise-reduction processing and new
ClearView features that can detect and edit hazy
images. Vincent Oliver gives his verdict
T
o get the best results This displays a hierarchy of your combinations in its database. By
At a glance from a digital camera, computer’s folders and, once a reading the Exif information for
you really need to shoot
folder is selected, all the images each image, the software can
● DxO OpticsPro 10 Standard Edition in the raw file format. contained within it are displayed in optimise your images based on
is available from shop.dxo.com, However, processing raw files can the Navigation panel at the bottom the camera and lens used. If the
priced £99; the Elite Edition is be time-consuming. For years, of the screen. The Organizer software detects that your camera
priced £159 DxO OpticsPro has made raw-file mode is very similar to the Library and lens combination isn’t
● A fully functional one-month trial editing easier by using correctionsmodes found in other raw-editing available in its database, it will
version of the software can be that can help photographers to software, such as Adobe automatically connect to the DxO
downloaded from www.dxo.com/ apply edits to their images quicklyLightroom. If you don’t like the online database and download the
intl/photography/download. and easily. The latest is version 10,
Navigation panel being at the relevant module. Of course, an
● Mac and Windows compatible and it adds a number of new tools bottom, it can be repositioned internet connection is required to
and optimisations to the existing anywhere on the screen, or do this. Most current cameras and
features. The software should make viewed on a second monitor. lenses are supported and new
it even easier to make optical and Supported file formats include cameras are added regularly.
geometric corrections, optimise JPEG, raw, TIFF and DNG
exposure and contrast, reduce (8-bit and 16-bit), but sadly Editing images
noise reduction and maximise not Photoshop PSD and other In the Editing workspace you will
colour and detail. application native formats. find all the main image-processing
The real key to DxO, and one features, such as Histogram,
Image organisation that has until recently separated it Essential Tools, Light and Colour,
When you first launch DxO from the likes of Adobe Lightroom, Detail, and Geometry and Optical
OpticsPro 10, you are greeted is that DxO has more than Corrections. These are on the
with the Organizer mode interface. 20,000 camera and lens right side of the screen. Each
DxO ClearView
DXO CLEARVIEW eliminates atmospheric haze in landscape
photographs and smog in urban scenes. Haze is a phenomenon that
is encountered when photographing landscapes in the mountains and
near the sea. It is seen as an opaque veil that alters the contrast,
colours and the textures in an image. Click the ClearView button in
the Essentials tools palette to activate it, and then use the Intensity
slider to bring out distant colours and details in a photo.
ClearView analyses the colours in an image (RGB) to evaluate
the amount of light diffusion affected by haze. ClearView then cuts
through haze by adding micro contrast to the affected areas of a
photograph, particularly in distant mountain shots where the haze
can take on a blue cast. The ClearView filter gives you full control
over how much strength and image intensity you want to achieve. Preset previews on
For urban shots, it adds dynamic contrast to architecture by a selected image
bringing out details that you may have previously thought were
lost. The results are spectacular – a clear winner as a tool for use
by both landscape and architectural photographers. The results of
using ClearView are more pronounced than using a UV or haze
filter on a camera lens.
of the tool palettes can be Presets OpticsPro 10 offers a library of From here you can make further
expanded to reveal the One of the most useful features is 30 presets that include portrait, adjustments and then save the
individual adjustment tools. At the Preset Editor palette. This landscape, black & white, high settings as a new preset, which will
first glance, the number of palettes enables you to apply a built-in dynamic range (HDR), be added to the library for future
and adjustments may be preset, import or export presets, atmospheres and smartphones. use. Any image corrections or
overwhelming, as many of the tools create your own custom preset, Presets can appear in a visual enhancement adjustments that you
appear in more than one palette. or edit a pre-defined preset. This presets window as large thumbnails make can be saved as a custom
However, the workspace is makes batch-processing images displaying the effects applied to the preset – just right-click on the
customisable, so palettes that you quicker and easier, although it is a image being worked on, and you image and select ‘Create preset
don’t use can be hidden. There is little slower than using Lightroom. just click on a preset to apply it. from current settings’. So if you
even the option to create your own regularly use the same camera and
custom palette of the correction lens, and make the same basic
tools you use most often. corrections, these can all be saved
Many of the adjustments can as a preset to save you a lot of time.
be applied with an on or off
switch, with the software using Improved features
its correction profiles to analyse PRIME (Probabilistic Raw IMage
the image and ascertain which Enhancement) noise reduction is
corrections are necessary. These a feature that was introduced in
include lens corrections for optical version 9, but has now been
distortions such as barrel and improved with faster processing
pincushion, vignetting, lens times. PRIME analyses the
softness, and lateral and structure of raw images and
longitudinal chromatic aberrations. differentiates between noise and
Noise reduction and sharpening fine detail, which produces a
can also be automatically applied noticeable gain in image quality.
based on the ISO sensitivity setting. Before and after screens make it easy to see the changes you make This enables you to shoot at a
highlights and unblocks shadow your choice. You can export the The last feature is Print. This
details that may have been same file in different file formats allows you to send a file directly to
previously thought of as lost. This or image dimensions to separate an installed printer, with plenty of
filter works best with raw files, but folders or drives with a single options available including ICC
will also work with JPEGs. I wasn’t click, although this is only available profile selection for colour-
overly impressed by this: it worked in the Elite edition. The Export managed printing. One notable
up to a point but lacked fine to Application option sends missing feature is the ability to
control beyond the slider. the processed photo directly centre the image on a page,
However, the user manual to your selected image-editing although by carefully altering the
suggests that the Smart Lighting application as a JPEG, TIFF or margins and image size you can
filter can be fine-tuned when used DNG file. The next two options manually reposition it.
with the Selective Tone palette are Export to Facebook and Export As the Standard edition of DxO
or Light and Colour – Advanced to Flickr, which are self-explanatory OpticsPro 10 does not include
palette. Using the combined filters and allow you to add tags and ClearView or Prime technology,
produced a much better result, privacy options. Finally, there is we would recommend the Elite
higher ISO sensitivity and get so I would have liked the controls the option to export your image edition to get the most out of
similar results that are obtained by to be available within the Smart to Lightroom. the software.
shooting at a lower ISO. PRIME Lighting palette rather than having
noise reduction removed the to go to another tool palette.
visible noise in our test image, The Lens Softness tool adds
although some fine detail such as
hair can look softer than in the
sharpness to photos from the
centre to the edges to produce
Our verdict
original. PRIME is only available a crisp-looking image, with DXO OPTICSPRO 10 is a themselves. Although it may lack
with raw image files; for JPEG files adjustment sliders including feature-rich image-processing some of the image-management
you can still obtain excellent Global, Detail and Bokeh. application that produced and cataloguing features of
results by using the High Quality The Single Shot HDR preset excellent results on every image Adobe Lightroom, OpticsPro 10
setting. Compared to other produces a similar effect to that throughout our test. OpticsPro is excellent at its primary task:
dedicated noise-reduction obtained by shooting multiple 10 offers significantly more getting the very best from your
software, PRIME reduced noise exposures that are then combined control than Adobe Camera raw images as quickly and easily
excellently, managing to preserve to make up an HDR photo. The Raw, and the results speak for as possible.
colour saturation particularly in options include HDR Realistic, HDR
shadow areas and maintaining a Artistic, HDR Backlight and HDR
high level of texture detail. B/W. The effects are perhaps not For and against
Other improved features include as pronounced as those obtained
DxO Smart Lighting and DxO Lens by shooting multiple exposures, but + Very fast processing
Softness optimization. The Smart each one added something extra to + Faster PRIME noise reduction
Lighting palette has five settings: the photo, which can be useful as a + Extensive database of camera
slight, medium, strong, DxO starting point. lens combinations
OpticsPro 7 and Pro 9, plus a When you have finished – Multiple display of palettes GOLD
custom setting. A slider enables processing images you can Export can be overwhelming
you to vary the intensity from 0 to to Disk, which generates JPEG, – Print function does not have an
100 (or 200). This recovers TIFF and DNG files to a folder of option to centre image on page
Ì7UDLQÍ WR SULQW
$ ZHHNHQG RI SKRWRJUDSKLF OHDUQLQJ
&
,., ? .E3333333333333333333333333333C8 =/$- * $
,., ?G .E3333333333333333333333333333C8 =9- * $&
,., ?? .E3333333333333333333333333333C8 =-- * $
()., ?G/ .E 33333333333333333333333333333333C8 =9- * $&
,., :#G .E33333333333333333333333333C8 =#- * $'
,., 9G .E 333333333333333333333333333333333C8 =#- * $'
,., -G .E 3333333333333333333333333333333C8 =/@- * $"
(,.*> 9GGG( .E333333333333333333333333333C8 =$- * $'
,., /G .E 1(*B7233333333333333333C8 =#- * $&
.,E "> @$' #++
(,.*> 3333333333C8 =/:- * $'
.,E "> 9G'@/G++
(,.*> 333333333333C8 = - * $
.,E "> /GG'@GG++
(,.*> 3333333C8 = - * $
.,E "> /GG'?GG++
(,.*> 33333333C8 =/?- * $!
.,E "> @GG'$GG++ +7.,333333C8 =@ - * $'&
(B(>7
:GG++ !; /
(77.7 @33C8 =@$- * $
7)>( #G++ !;/3 ,>., 333333333C8 =?- * $'
7)>( ?#'9G++ ,>.,333333333333C8 =@- * $
$@ /?#++ !;@3 .*(%.73333333333333333333C8 =?- * $'
$@ /?#++ !;$ A88(, 33333333333333333333C8 =?- * $'
/GD$@ A8&,** >A7B(C 1C2333333C8 =/#- * $
@GD G *(.8 0>(* (8(., 87B>(.,
1C ' 2333333333333333333333333333C8 =@@- * $!
/@D#G ' 0>(7.,
1C ' 2333333333333333333333333333C8 =? - * $&&
D@# A8&,** @. 1C2 33333333333333C8 =9- * $
( %
7.,( $G++ !;$ 333333333333333333333C8 =?@- * $'
+(E ? 4 G++33333333333333333333333C8 =@$- * $'
()., :G/ .E 33333333333333333333333333333333C8 =9- * $&
$@ ?#++ !;@3 33333333333333333333333333333333C8 =?- * $'
+(E ?? 4 G++333333333333333333333C8 =@@- * $
,>D 9G .E 33333333333333333333333333333333C8 =$- * $'
$@ A>.
7. .,B6333333333333333333333333C8 =@- * $, 7,) .*( 33333333333333333333333333333333C8 =/G- * $!
5IF 1FSNB+FU 1SJOU "DBEFNZ JT UFBNJOH VQ XJUI
(,.*> #G#8( .E 33333333333333333333333333333C8 =$- * $'
,>D
9 .E33333333333333333333333333333333C8 =$- * $'
.E. #D$ (C 33333333333333333333333333333C8 =$ - * $&
)
%
5JNF-JOF &WFOUT UP PGGFS B VOJRVF XFFLFOE PG *E+0A8 4 $G++ !;/3$ A().33C8 =?@- * $'! .,E "> @D .,B7>7 1*0*A82 333333333333C8 = - * $
,., "> @D .,B7>7 1
88.0823333333333C8 = - * $
%
%
(,.*> *8&+>7 3333333333333333333333C8 =@/- * $!
&OHMJTI )FSJUBHF ,., #$G *8&%A, 3333333333333333333333C8 =-- * $" ,., /'/ (! (F .,B7>733333C8 =/:- * $' ).,( ?# 333333333333333333333333333333333C8 =@/- * $
+ %
%(
% %%
+
,8E
A8 *8>( ,., 33333333C8 =:- * $
,., /GG'?GG++ 33333333333333333333333C8 = - * $ ,., $G'#G 7(0 1(,623333333333333333333C8 =$- * $'
,8E
A8 *8>( *E+0A8
3333C8 =:- * $
,., 9G'@/G++ 3333333333333333333333333C8 =:- * $& ,., ?#G 7(0 33333333333333333333333333333333C8 =$- * $'
t VW QG )HEUXDU\ ,., /?#++ !@3 .E 333333333333333C8 =:- * $& ,., #GG 1(,62 33333333333333333333333333333C8 =$- * $'
,8E
A8 *8>( ()., 33333333333333C8 = - * $!
,8E
A8 *88 ()., 333333333333C8 =/@- * $,
,., #G'@GG++ A8& A**333333333C8 =/@- * $" ,., #G 1 ,62 3333333333333333333333333333333C8 =:- * $'
t )PTUFE BU %JEDPU 3BJMXBZ $FOUSF 0YGPSETIJSF ,., 9G'@/G++
3333333333333333C8 =/G- * $!
,., ?#'/G#++
3333333333333333C8 =/G- * $"
,., :G 1 ,62 3333333333333333333333333333333C8 =:- * $'
,., :G 1'-233333333333333333333333333333C8 =-- * $"
,8E
A8 *88 ,>D 3333333C8 =/@- * $,
,8E .+0.87 .,E *0& 333333C8 =@G- * $!
t 5IF TQJSJUVBM IPNF PG UIF (SFBU 8FTUFSO 3BJMXBZ ,., "> ##'@GG++ +7.,3333333333C8 =-- * $
,., ">
:GG++ !;
(77.733 C8 =@@- * $
,., $GG 1 ,62 33333333333333333333333333333C8 =#- * $'
,., 9 1'923333333333333333333333333333333C8 =:- * $&
,8E
7. )(>33333333333333333333333333333C8 =?$ * $'
.+.(,. (, )(>3333333333333333333333333333333C8 =-- * $!
*)(7 ?#++ 333333333333333333333333333C8 = - * $"
t (QMR\ GLQQHU DQ RYHUQLJKW VWD\ EUHDNIDVW ()., ">
?#' #++ !;@3 (B(>7 7(8 /
33333333333333333333333333333333333333333333333333333333C8 =/#- * $
()., -G 1(,6233333333333333333333333333333333C8 =:- * $'
()., #/GG 1 ,623333333333333333333333333333C8 =$- * $'
t 1SJOU UP QFSGFDUJPO BGUFS 4VOEBZT QSJOU XPSLTIPQ ()., ' @$'/@G++
( ..+
333333333333333333333333333333333333333333333333333333C8 =/9- * $&
()., ?GG 7(0333333333333333333333333333333333C8 = - * $
()., ?GG 1 ,62333333333333333333333333333333C8 =?- * $'
,., '@ &. ? *8& 7)>3333C8 =/@- * $
,., '# +.> 3333333C8 =/ - * $&
()., 9G'@/G++ 333333333333333333333333C8 =/@- * $! ()., 9GGG 1 ,623333333333333333333333333333C8 =-- * $"
.>>., 77(7 ( .*8>7 333333333333333333C8 =#- * $&
()., ' 9G'?GG++ 56 (7>(., A>(., '
.>>., 77(7 .*8>7 >70 (>3333333C8 =/@- * $
6SHFLDO IRU $PDWHXU 3KRWRJUDSKHU 8+** 87>& ., 8( !7.,> *+,>33C8 =@$- * $
()., /#G'#GG++ (%+
10>(*
>(*(F>(.,2 ' ,8 .. .8+>( +7)8 ., .E 8*(%&>
8>()(,% ., , .! F..+3333333333333333333C8 =? - * $&'
(
/GD#G C(!>33333333333333333333333333333333333333C8 =/G- * $
D?G >(,733333333333333333333333333333333333C8 =@ - * $'&
D?G ;(88333333333333333333333333333333333333C8 =/G- * $!
()., ( @GG++ !;?3# (B(>7333333333333333C8 =:- * $& /@D$# A88(.,3333333333333333333333333333333333C8 =:- * $
)5(( %2; RI RXU DZDUG ZLQQLQJ 2\VWHU *E+0A8
@ ++ !;@3G (B(>73333333333C8 =:- * $ D?G *!7(%833333333333333333333333333333333333C8 =#- * $&
*E+0A8
##++ !;?3#
33333C8 =/@- * $! -D$G >(,733333333333333333333333333333333333C8 =@:- * $''
*G ZPV CPPL POUP UIF DPVSTF RVPUJOH i"NBUFVS *E+0A8
/GG++ A(). !;@3 33333C8 =/:- * $' D$$ C(!>3333333333333333333333333333333333333333C8 =//- * $
*E+0A8
G'@GG++ (B(>733333333333C8 =$- * $' D?@ ' 0>(7., 1C ' 2
1IPUPHSBQIFS .BHB[JOFw ZPV XJMM SFDFJWF B '3&& " .,E "> #G++ !;/39
(,.*> 33333333333C8 =-- * $" 333333333333333333333333333333333333333333333333333333C8 =/9- * $
.,E ">
?#++ !;/3$ +E,% 333C8 =@ - * $'& D$@ A8&,** >A7B(C 1C ' 2
! !!!
TIFFU CPY PG UIF DMBTTJD 0ZTUFS HTN QBQFS .,E ">7 @ '/G#++
(,.*>333333333C8 =/ - * $ 333333333333333333333333333333333333333333333333333333C8 =/-- * $
7KH (QWLUH ZHHNHQG IRU MXVW d 0; )-'4 3 ! ,3) '! ; 0
1MBDFT BSF MJNJUFE BOE QSPWJEFE PO B mSTU DPNF mSTU TFSWFE CBTJTB
Technical Email your questions to: apanswers@
timeinc.com, Twitter @AP_Magazine
and #AskAP, or Facebook.
Support
Or write to Technical Support, Amateur
Photographer Magazine, Time Inc.
(UK), Blue Fin Building, 110 Southwark
Street, London SE1 0SU
A
degree by making my own white balance presets shared As you know, Alan,
adjustments in the white balance with every other sample of the when a camera
settings on the colour matrix, and same type, and if you were to shows a raw file
this gives me a fairly accurate replace it with another one, on-screen, it’s actually
colour reproduction most of the chances are you would see JPEG displaying a JPEG version
time. All these adjustments work, near-identical behaviour. You’re that’s embedded within the
but it is disappointing for a camera therefore unlikely to solve your file. However, to help keep the
costing more than £500. problems by buying another file size down, this is often a
I understand that white balance DSLR from the same maker. much lower resolution version
defaults can never suit every Also, manufacturers can of the image. Therefore, it
situation perfectly, but I would like deliberately choose not to fully often looks rather less sharp
to know if my camera has a fault neutralise the white balance than a full-resolution JPEG.
and, if so, if it can be reset in some under low-colour-temperature One way round this is to
way. I mainly use an 18-55mm kit light – for example, tungsten shoot a full-resolution JPEG
lens with a Hoya HMC UV filter bulbs, firelight or candlelight. The alongside your raw file, which
and HB-45 hood. rationale behind this tends to be JPEG images often appear will give you a more detailed
Sherwin Chase about maintaining an ‘attractive sharper and more detailed than review image.
warmth’ to the images, although raw files on the camera’s screen Andy Westlake
A
White balance presets I’m not sure many photographers
are as much an aesthetic would recognise this phrase
choice by the camera when looking at strongly matters is that your pictures professional-level Nikon DSLR
maker as they are about any orange-tinted interior shots. But look pleasing, which normally is the AF-S Nikkor 24-70mm
notion of colour accuracy. Also, then they might also complain if means some degree of colour f/2.8G ED. It has a classic focal
white balance presets for various candlelit shots came out looking enhancement. length and is ideal for portrait
types of artificial light are, by too cool in tone. Andy Westlake and wideangle shots. However,
necessity, an approximation. Not Another consideration with you may find it quite pricey (at
all tungsten lights are the same this kind of light is noise. Fully Zoom recommendation around £1,235), especially
colour, and fluorescent tubes
vary widely in the spectra of light
they emit. So a camera maker
has to pick the preset it thinks is
neutralising the white balance
requires strongly amplifying
underexposed green and blue
channels, and this results in an
Q I have just bought a Nikon
D810 that I plan to use
mostly for studio/portrait
photography. I like prime lenses,
when you have just paid a few
thousand pounds for a new
camera. You may instead want
to look at the AF-S Nikkor
best overall. With this in mind, it undesirable increase in noise. but I’m also quite keen to buy a 24-120mm f/4G ED VR, which
may be worth recalibrating your So again, there’s a balance to good-quality zoom. Can you is a highly versatile lens that
presets to accommodate lighting be struck between correcting recommend a lens that performs well. It costs around
conditions you encounter the white balance and overall represents a good balance £800. If you’re after more reach,
frequently, but you could end image quality. between price and quality? the AF-S Nikkor 28-300mm
up being further off neutral in Colour rendition and white Paul Lewis f/3.5-5.6G ED VR is cheaper
different lighting. balance vary significantly than the other two mentioned at
A
I’d expect all samples of a given between brands, with some The obvious choice of around £660, and is also known
camera model to behave the known for the quality of their lens for many people for being sharp and reliable.
same, and in practice all models JPEG colour rendition. What when buying a Jon Devo
.15' 2 '05'5
+<' C A
705'6
4#&7#6'& +.6'4 +-10 61 +-10 A
.7'
4#&7#6'& +.6'4 +-10 61 #010 A
+.6'45 8#+.#$.' +0 7.. 1(6 #4&
'764#. '05+6; +.6'4
+-10 61 '06#: A
7.. #4& #0& 1(6 #4' +.6'4 '65 A
.#%- +-10 61 '+%# A
#8#+.#$.' +0 #0&
0%.7&' +.6'45 *+6' +-10 61 '+%# A
// A
7.. +.6'45
4#& +.6'45 7.. A
'& +.6'4
'..19 +.6'4 +-10 61 10C#5* A
// A
// A // A 1(6
4#& A
4#0)' +.6'4
4''0 +.6'4 +%41 C 61 #010 A
// A
// A // A #4&
4#& A 6L]HV $ 3 +%41 C 61 +-10 A
// A
// A // A +%41 C 61 +-10
A
// A
// A // A +%41 C 61 A
// A
// A // A 0&+8+&7#. 37#4' +.6'45 +%41 C 61 .;/275 A
// A
// A // A +%41 C 61 +01.6# A
// A // A 7.. A +%41 C 61 '+%# A '6 %106#+05 .'05'5
// A // A 7.. A +%41 C 61 '+%# A
// A // A 7.. A +%41 C 61 10; .2*# A
9#4&'& 6*' *1612.75 '56 10 '56
// A // A 7.. A +%41 C 61 '06#: A #9#4& 9+6* # G 4#6+0) H24+0) I
+<'5
61 // +<'5 61 // 1(6
4#& A +%41 C 61 #010 A /#)' 37#.+6; +5 +/24'55+8' 9+6* #
1(6
4#& A +%41 C 61 10C#5* A 9*122+0) K &+1264'5 /#)0+(+%#6+10
4#& +.6'45 .+56'& +0 ~5 1(6
4#& A C 61 A
1(6
4#& A 0 #$51.76' 56'#. #6 6*#6 24+%'LLM
12 #0&5%#2' %%'5514+'5 C 61 10C#5* A
#4&
4#& A C 61 '+%# A
%14'& # #: 56#45 +0 6*' +)+6#. #4&
4#& A C 61 +-10 A
#/'4# )4172 6'56 9+00+0) 6*' #4&
4#& A C 61 .;/275 A
1.& #.7' #9#4&5 #4&
4#& A C 61 '06#: A
11&5 #25
+4%7.#4 1.#4+5'4= A '06#: 61 A
.7'
4#& A '06#: 61 +-10 A
705'6
4#& A '06#: 61 10; .2*# A
9+.+)*6
4#& A '06#: 61 #010 A
'& A 10; .2*# 61 A '8'45+$.' '6#. 7$$'4 '05
4''0 A 10; .2*# 61 +01.6# A 11&5 11&5
#4+#$.' #&'45 4#0)' A 10; .2*# 61 +-10 A // A // A
// A '..19 A 10; .2*# 61 '06#: A // A // A
// A 9#4&'& (174 : 6#4 (('%6= A 10; .2*# 61 #010 A // A // A
// A 6#45 (41/ : 6#4 (('%6= A 10; 61 #010 A // A // A
// A /#6'74 : 6#4 (('%6= A 10; 61 +-10 A // A // A
10; 61 10; .2*# A +<'5 61
//
// A *161)4#2*'4 (14 +<'5 70.'55 56#6'&
+<'5 61 //
// A 7#.+6; #.7' +<' 10.; 10; 61 .;/275 A '05 0#2 #25
// A 10; 61 '06#: A // A // A
// A 10; 61 '+%# A
%%'5514+'5
// A // A
// A 10; 61 '+%# A // A // A
10; 61 #010 A // A // A
10; 61 A
6'22+0) +0)5
#; #/'4# 2+4+6 '8'. A 10; 61 A
+<'5
61 //
*766'4 '.'#5'
//
'05 '05 '/14; #4& #5'5 A // A // A
*4'#& #0)' *4'#& #0)' // A // A
//
//
'(.'%614 +65 A
/#-' 5*766'4 4'.'#5' $4#%-'65 61 57+6 #..
.'#0+0)
//
//
//
//
16+10 +)*0+0) '05145 A 6;2'5 1( %#/'4#5 (41/ 6*' 5/#..'56 %1/2#%6
//
//
%#/'4# 61 6*' .#4)'56 %#/'4#
// //
#+05.''8'5 #%- 1( A
//
//
1/2#%6 *766'4 '.'#5' 4#%-'6 A +0 .'#0+0) +6 A 744+%#0' .19'4 A
//
//
*+6' #.#0%' #25 A *766'4 '.'#5' 4#%-'6 A +0 .'#0+0) +6 A 756 .19'4 A
//
//
0).'& *766'4 '.'#5' 4#%-'6 A 756 .19'4 A
//
// '.(
#-' 10121& '05 '0 A
1/2#%6 '.( #-' +6 A
//
//
A
//
//
//
41/ A
'.( #-' +6
0).'& '.( #-' +6
A
A
.'#0+0) .16*5
#%- 1(
A
.'#0+0) 1.76+10 A
( ;17~4' *'5+6#06 #$176 +08'56+0) +0 (+.6'45 +5 # )11& 2.#%' 61 56#46 0 :%'..'06 %*1+%'
/#6'74 *161)4#2*'4 #)
4172 '56 +.6'45 #;
© RICH ARD SIBLEY
Technical Support
In the
bag
AP’s deputy editor BLAST FROM THE PAST
shows us what he
uses when he is Nikon FTN Photomic
travelling light Ivor Matanle looks at
the last and best of the
metering Nikon F
cameras
LAUNCHED 1968
Sony Cyber-shot DSC-RX100 II Manfrotto Small Hydro Arm Kit MagFilter adapter ring PRICE £259 17s 6d (£259.87) in 1968
I like to carry a camera with me at
1 all times, so the Sony Cyber-shot 2 The Manfrotto hydrostatic arm
and clamp kit is very useful. 3 I often go away for a few days and
take only the RX100 II, but by
with 50mm f/1.4 Nikkor lens
DSC-RX100 II spends most of its time in Obviously it isn’t as flexible as a tripod, using the MagFilter adapter ring I can GUIDE PRICE TODAY £180-£250
my bag. It produces excellent images for but it is a lot smaller and lighter. attach circular filters and filter holders with f/1.4 lens, £130-£200 with
such a small camera. I carry it screwed to the bottom of the to the camera. I’ll try to have an ND, f/2 lens and slightly more for the
camera, and when I need a bit more ND grad and polariser filter with me Apollo version illustrated
stability I can usually find something so I can always get good travel and
to clamp it to. landscape pictures. The Nikon FTN improved
on earlier FT metering by
introducing an automatic
‘wap-wap’ setting of the
maximum aperture of the lens
in use. You insert the lens (at
f/5.6), engage the prong with
the meter pin, then quickly
twist the aperture ring to the
2 smallest aperture then the
maximum aperture. This sets
the meter for full-aperture
exposure measurement.
The Nikon F was the leading
professional 35mm SLR from
1968-1973, when the Nikon
F2 appeared.
PNY PowerPack T10400 Cokin A-series filter holder List of kit Sony Cyber-shot DSC-RX100 II, Sony LCJ-RXC
jacket case, PNY PowerPack CL51, Micro USB to USB lead,
I love USB batteries and always I have a couple of these filter Sony NP-BX1 battery, MagFilter adapter ring 58mm,
4 have one with me. I can charge 5 holders left from the 1990s. The 58-67mm filter holder, Cokin A-series filter holder,
Manfrotto Small Hydro Arm Kit, various filters
my camera, phone and tablet all from smaller graduated filters are quite a
one device. A Micro USB lead is all I good match for the front lens element
need, although I do keep a fully charged of the RX100 II
camera battery in reserve too.
I
was recently asked why the
lens built into a fixed-lens
‘In a built-in lens, the control motors
camera can often be much and mechanisms can be placed outside
more compact than a
similar interchangeable lens the lens, in the camera body’
designed for the same sensor size.
It is this factor that can make a at its most effective. In turn, this a smaller package when not
fixed-lens camera an attractive frees the design of the rest of used. Whereas in an
alternative to a system camera, the lens from some of its former interchangeable lens everything
because not only is the lens more constraints, and the additional must be contained in the lens
compact, since it is permanently freedom can be used to make barrel, in a fixed lens parts of
attached, but it can also be better the optical cell more compact. the lens (such as the aperture
sealed and more robust. Second, in a built-in lens, the mechanism or whole groups of
To see the kind of difference I motors and mechanisms that elements) may be moved out
am talking about, compare the control focus, aperture and of the way into the camera body,
profiles of a Sony Cyber-shot zooming can be placed outside allowing the remainder of the
DSC-RX100 III to a Nikon 1 V3
fitted with its standard zoom lens
the lens, in the camera body.
This allows the apparent body
lens to collapse further.
Taken as a whole, these three
More great
(see below). You can see that
the Sony’s lens is much more
compact, even though both
of the lens to be smaller.
The space available in the
camera body can also be used
additional freedoms allow fixed
lenses to be designed to be smaller
than interchangeable lenses,
pictures
cameras are fitted with a 1in-size
sensor. While not exactly the
to allow the lens to collapse into without sacrificing lens quality.
More technique
same, the lenses are quite similar.
The Sony has a slightly smaller
zoom range (25.7mm compared
More opinion
to the Nikon’s 30mm at the
long end), but it is also 2 stops
faster (f/2.8 as opposed to the
More inspiration
Nikon’s f/5.6 at the long end). ● Download online,
The reason the Sony lens is so
much smaller is that the fixed-lens enjoy offline
format frees up a number of
design choices for the optical ● Buy from the comfort
designer, which can result in a of your own home
much smaller package.
First, the ability to use all the ● Available the day
space, right to the focal plane,
provides the designer with
the magazine goes
additional degrees of freedom. on sale
For instance, one of the most
difficult-to-achieve attributes of a
● Missed an issue?
high-quality lens is flatness of field. Simply download a
An additional element called a
‘field flattener’ can help, but it is
back copy
more effective the closer it is to
the image plane. If the camera
and lens are designed as a unit,
Try it today
the field flattener can be placed
www.amateurphotographer.
very close to the sensor (in some The Sony Cyber-shot DSC-RX100 III’s fixed 8.8-25.7mm f/1.8-2.8 lens is
co.uk/digital-edition
cameras it actually forms the glass smaller and faster than the 1 Nikkor VR 10-30mm f/3.5-5.6 PD-Zoom (top),
cover to the sensor) and thus be despite both being designed to work with a 1in-type sensor
Bob Newman is currently Professor of Computer Science at the University of Wolverhampton. He has been working with the design and development of
high-technology equipment for 35 years and two of his products have won innovation awards. Bob is also a camera nut and a keen amateur photographer
>L_ 7OV[VNYHWOPJ
-MVYKLZ 7OV[VNYHWOPJ 3[K 7HYR *HTLYHZ 3[K *V]LY! PPP
.LT )HNZ
.YH`Z VM >LZ[TPUZ[LY :HTZ\UN ,SLJ[YVUPJZ <2 3[K*V]LY! P] &ODVVLILHG
$BOPO &04 %
" NFHBQJYFM %4-3 GFBUVSJOH B GVMMGSBNF
TFOTPS BOE DPNQBDU EFTJHO
/&8 #PEZ 0OMZ G - *4
g
g
g
DBTICBDL
&45
41&$*"- &04 % %&"-4 &45
*/5&3 $BOPO &04 % $BOPO &04 % '3&& */5&3
' &
3& &' NN G 64. &' NN G 64. "EPCF '3&&
*5 *5
$3&% .BOGSPUUP 4NBMM #BDLQBDL .BOGSPUUP 4NBMM #BDLQBDL TPGUXBSF $3&%
g
g
(FU NPSF PVU PG ZPVS $BOPO &04 % ** 1SJDFT JODMVEF g DBTICBDL '3&& "EPCF 4PGUXBSF
-JNJUFE OVNCFST OPX JO TUPDL XJUI PVS USBJOJOH DPVSTF IFME BU PVS GSPN $BOPO 6, &OET 3FEFFN B POF ZFBS`T TVCTDSJQUJPO UP "EPCF $SFBUJWF $MPVE
7JTJU VT JO TUPSF
POMJOF PS DBMM #VSHFTT )JMM TUPSF g 5$T BQQMZ 4FF XFCTJUF 1IPUPHSBQIZ QMBO &OET 5$T BQQMZ 4FF XFCTJUF
g
GSPN $BOPO 6, &OET GSPN $BOPO 6, &OET GSPN $BOPO 6, &OET -POEPO TUPSF #VSHFTT )JMM TUPSF
NN G - 64.4.
. g
&'4
44 *4 MM /P QBDLBHJOH
BDLBHJOH
g
NNN G 64.
4. g &'4 NN *4 45. 5. g
$BOPO &04 % $BOPO &04 % /&8 $BOPO &04 % .BSL *** $BOPO &04%
% 9 NN G ** g
*4 4 45. /P QBDLBHJOH
HJOH
g
-08 NN
NN G .BDSP SP
P g &'4 N
NN G
*4 g
g 13*$& &'4 NN G .BDSP g NN G- ** 64.
4. g
DBTICBDL .1& NN G g N
NN G- *4 64. g
NN
NN G- ** 64
64. g
NN
N
NN N G- *4 64. g
NN
NNN G 64. g NN 8IJUF
NN 8 #PY
g
NN
NN
NN GG 64. g NN
NN G
G *4 45. g
#PEZ 0OMZ *4 #PEZ 0OMZ 3FGVSC #PEZ 0OMZ G - *O TUPDL GSPN g
NN
NN G
NN
G 64. .BDSP g
N G- .BDSP *4 64. g
NN
NN G
G- *4 64. g
&'4 NN G G
*4 45. g
g g g g 4FF 8FC 4FF 8FC 4FF XFCTJUF GPS GVMM EFUBJMT NN
NN G- 64. g &'4
'4 NN GG *4 ** g
"WBJMBCMF XJUI NPOUIT NN G- 64. .BDSP g
NN
NN G- *4 ** 64. g
1SJDFT JODMVEF g DBTICBDL 1VSDIBTF B 64&% &04 % GSPN 4FF PVS XFCTJUF GPS TPNF
NN
NN
NN G- *4 64. g
NN NN GG- 64. g
GSPN $BOPO 6, &OET POMZ g $BMM JOUFSFTU GSFF DSFEJU SFDPNNFOEFE MFOTFT NN G- 64. g NN G- *4 64. g
NN G- 64. *4 ** g
NN G- 64. g
$BOPO 1PXFS4IPU 49 )4
$BOP $BOPO 1PXFS4IPU 4 $BOPO 1PXFS4IPU
IPU
PU ( 9 $BOPO 1PXFS4IPU (9 ** &' NN G- 64. *4 g
NN G *4 64. g
NN G- 64. *4 ** g
NN G- *4 64. 4. g
'3&&
g g NN G %0 - 64. *4 g
NN %0 *4 64. g
/&8
(*'5
DBTICBDL
DBTICBDL
NN G %0 *4 ** 64. 4FF XFC NN G *** g
NN G- 64. g NN G 64. *** g
NN G- 64. *4 ., ** g
NN - *4 64. g
/PX POMZ g /PX POMZ g /PX POMZ g /PX POMZ g NN G- 64. *4 ., ** g
NN NN - *4 6 64. ** g
431 g 431 g 431 g 431 g
NN G- *4 64. g
&' NN
NN G- 64. *4g
1SJDF JODMVEFT g DBTICBDL "EE B '3&& TFMpF TUJDL XPSUI 1SJDF JODMVEFT g DBTICBDL 1SJDF JODMVEFT g DBTICBDL 54& NN G- g
Y *** &YUFOEFS g
GSPN $BOPO 6, &OET g XJUI UIJT DBNFSB GSPN $BOPO 6, &OET GSPN $BOPO 6, &OET 54& NN G- ** g
Y *** &YUFOEFS
YUFOEFS
UFOEFS g
54& NN G g
&' ** &YUFOTJPO
FOTJPO 5 5VCF g
$BOPO
BOPO 1*9."
9." J1
J1 $BOPO
BOPO
O 1*9."
1*9.
1 130
$BOPO 1*9." 130 $BO 1*9." 130
$BOPO
" XJSFMFTT QSJ
QS
QSJOUFS 7JCSBOU BOE F
FYDJUJOH " QSJOUFS (BMMFSZ RVBMJUZ " QSJOUFS 1SPGFTTJPOBMT DIPJDF " QSJOUFS
1SPGFTTJPO DBTICBDL PO
g '3&& '3&& '3&& MFOTFT UIJT 8JOUFS
DBTICBDL (*'54 (*'54 (*'54 OMJOF GPS EFUBJMT
/PX POMZ g /PX POMZ g /PX POMZ g /PX POMZ g
431 g 431 g 431 g 431 g
1SJDF JODMVEFT g DBTICBDL '3&& 93JUF $PMPS.VOLJ 4NJMF '3&& 93JUF $PMPS.VOLJ 4NJMF '3&& %BUB$PMPS 4QZEFS &MJUF
GSPN $BOPO 6, &OET $BOPO -VTUFS " QBQFS 4FF XFC $BOPO -VTUFS " QBQFS 4FF XFC $BOPO 11 " QBQFS 4FF XFC
'PS B 8*%& 3"/(& PG CBHT
JO 8BOU UP TDBO pMN
QIPUPT PS TMJEFT 'PS -08 13*$&4 PO BDDFTTPSJFT
TUPSF PS POMJOF BMM BU MPX QSJDFT 4FF PVS $BOPO TDBOOFST GSPN g JOD qBTIHVOT
TFF PVS XFCTJUF
"MM QSJDFT JODMVEF 7"5 ! 'PS PQFOJOH UJNFT BOE UIF BEESFTT PG PVS TUPSFT JO $FOUSBM -POEPO BOE #VSHFTT )JMM
WJTJU XXX1BSL$BNFSBTDPN"1 "MM QSPEVDUT BSF 6, TUPDL &0& 1MFBTF NFOUJPO l"NBUFVS 1IPUPHSBQIFSz GPS UIJT TQFDJBM QSJDF
1SJDFT DPSSFDU BU UJNF PG HPJOH UP QSFTT 1SJDFT TVCKFDU UP DIBOHF DIFDL XFCTJUF GPS MBUFTU QSJDFT
7JTJU PVS TUBUF PG UIF BSU
TUPSFT JO #VSHFTT )JMM 8FTU
4VTTFY
BOE $FOUSBM -POEPO
7JTJU PVS XFCTJUF GPS EJSFDUJPOT BOE
PQFOJOH UJNFT GPS CPUI TUPSFT
DBTICBDL
#PEZ 0OMZ 73 #PEZ 0OMZ 73 #PEZ 0OMZ 73 ** &; '3&& (# #PEZ 0OMZ &; #MBDL #PEZ NN
g
g
g g g g g 'MBTI "JS DBSE g g g g
1VSDIBTF CFGPSF BOE 1VSDIBTF CFGPSF BOE 1SJDFT JODMVEF g DBTICBDL "EE BO 0MZNQVT 7' EJHJUBM 5FTU ESJWF UIJT DBNFSB GPS '3&& 5FTU ESJWF UIJT DBNFSB GPS '3&&
DMBJN B '3&& (3*1 GSPN /JLPO DMBJN B '3&& (3*1 GSPN /JLPO GSPN /JLPO 6, &OET WJFXpOEFS POMZ g "WBJMBCMF BU CPUI TUPSFT 4FF XFC "WBJMBCMF BU CPUI TUPSFT 4FF XFC
1SJDFT VQEBUFE %"*-:
"*-:
1BOBTPOJD %.$(.
1 1BOBTPOJD -6.*9 (9
1BOBTPO
1BOBTPOJD %.$(
/*,0/ -&/4&4 4FF XXX1BSL$BNFSBTDPN"1
X GPS EFUBJMT
JMTT
"'( NN G( &% %9 g "'% NN G% g "'4
NN G( &% g # # #
"'% NN G% g
"'4 NN G(
(
( g "'4 N
NN &% 73 g
!
#
7JTJU VT JO TUPSF USZ UIFTF MFOFTFT PVU GPS ZPVTFMG SFDFJWF FYQFSU BEWJDF 1BOBTPOJD
OBTPOJD %.$5; 1
1BOBTPOJD %.$5; 1BOBTPOJD -9
1
7JTJU PVS -POEPO PS #VSHFTT )JMM TUPSFT XIFSF ZPV DBO USZ PVU UIF
40/: 0''&34 SBOHF
H PG 4POZ Z DBNFSBT BOE MFOTFT
UP IFMQQ DIPPTF UIF Q
QFSGFDU Q
QSPEVDU
# !
#"
JOUFSF
GSFF
TU /&8 /&8
Ћ3 DSFE
JU Ћ4
Ћ /PX POMZ g %6& */ KVTU /PX POMZ g
431 g ."3$) b g 431 g
"EE B %.8#$. #BUUFSZ 4FF PVS CMPH GPS SFWJFXT PO "EE B %.8$-9 -FBUIFS
GPS POMZ g UIF MBUFTU OFX LJU GSPN $&4 $BTF GPS g
,Q VWRFN IURP ,Q VWRFN IURP ,Q VWRFN IURP
.FFU UIF GVMMGSBNF
QBMN TJ[FE B SBOHF QPSUBCJMJUZ BOE DBQBCJMJUZ JO POF 5SZ PVU UIF MBUFTU 1BOBTPOJD QSPEVDUT HFU FYQFSU
'FBUVSJOH B NN 'VMM'SBNF TFOTPS JOUP B CPEZ IBMG UIF XFJHIU PG MFBEJOH BEWJDF JO PVS #VSHFTT )JMM PS $FOUSBM -POEPO TUPSFT
%4-3T
UIJT JT BO FYDJUJOH OFX MBOENBSL JO UIF NBSLFU
4PO 4POZ Ћ NN
4 4POZ 39 *** 5BNSPO
PO
NN
NN 5BNSPO NN 5BNSPO NN
'3&& G
7$ 64% G %J ** 7$ 1;%
1; G %J 7$ 64%
/&8 ! !# $"4&
!" g
g
DBTICBDL
DBTICBDL
"MM QSJDFT JODMVEF 7"5 ! 'PS PQFOJOH UJNFT BOE TUPSF BEESFTTFT
WJTJU XXX1BSL$BNFSBTDPN"1 "MM QSPEVDUT BSF 6, TUPDL &0& 1MFBTF NFOUJPO l"1z GPS UIJT TQFDJBM QSJDF
1SJDFT DPSSFDU BU UJNF PG HPJOH UP QSFTT 1SJDFT TVCKFDU UP DIBOHF DIFDL XFCTJUF GPS MBUFTU QSJDFT
7JTJU PVS XFCTJUF VQEBUFE EBJMZ 1IPOF POF PG PVS LOPXMFEHFBCMF TBMFT BEWJTPST
4JHNB
JHNB
HNB
NN 4JHNB
NN 4JHNB
NN 4JHNB NN 4JHNB
HNB NN 4JHNB NN
4JH
G %$ )4. G %$ .BDSP 04 )4. G "10 %( 04 )4.
G G "10 %( 04 )4. G %( 04 )4. c 4QPSUT G "10 &9 %( 04 )4.
G
*O TUPDL BU g *O TUPDL BU g *O TUPDL GSPN g *O TUPDL BU g /&8 $0.*/( 400/ *O TUPDL BU g
4FF XFCTJUF GPS GVMM EFUBJMT 4FF XFCTJUF GPS GVMM EFUBJMT 4FF XFCTJUF GPS GVMM EFUBJMT 4FF XFCTJUF GPS GVMM EFUBJMT 4FF XFC GPS GVMM EFUBJMT 4FF XFCTJUF GPS GVMM EFUBJMT
"EE B 4JHNB NN %( .$ 67 "EE B 4JHNB NN %( .$ 67 "EE B 4JHNB NN %( .$ 67 "EE B 4JHNB NN %( .$ 67 "EE B 4JHNB NN %( .$ 67 "EE B 4JHNB NN %( .$ 67
pMUFS GPS POMZ g pMUFS GPS POMZ g pMUFS GPS POMZ g pMUFS GPS POMZ g pMUFS GPS POMZ g pMUFS GPS POMZ g
1SJDFT VQEBUF
VQEBUFE %"*-:
4JHNB %1 JHNB %1
JHN
JH
4*(." -&/4&4 4FF XXX1BSL$BNFSBTDPN"1
$BNFSBTDPN"1
BNFSBTDPN"1 GP
GPS EFUBJMT
!# /&8 !#
NNG'JTIFZF&9%$ GS g NN G &9 %( 04 )4. g
N NN G *' &9 %( g
NN G 'JTIFZF &9 %( g NN G 04 .BDSP g NN
NN G %( 04 )4. g
NN G &9 %$ )4. g NN G &9 %( 04 )4. g
NN
NN G 04 g
# # #
NN G 'JTIFZF &9 %( g NN G "10 &9 %( g
N NN
NN G 04 g
NN G %/ g NN G "10 &9 %( g
N NN N G .BDS
.BDSP g
NN G %( "TQI 3' g NN G "10 &9 %( g
NN G
%( .BDSP g
/&8 $0.*/( 400/ 4QFBL UP POF PG *O TUPDL BU g 4QFBL UP POF PG
NN G %( "TQI .BDSP g NN G %$ )4. GS g NN G
%( 04 g
4FF XFC GPS GVMM EFUBJMT PVS UFBN BCPVU 4FF XFCTJUF GPS GVMM EFUBJMT PVS UFBN BCPVU
NN G %( &9 .BDSP g NN G &9 %$ g NN G 04 )4)4. 4 g
NN G %$ )4. g NN G &9 %$ )4. g NN G %( 04g UIJT DBNFSB PO UIJT DBNFSB PO
-FBSO NPSF BCPVU UIJT DBNFSB BU -FBSO NPSF BCPVU UIJT DBNFSB BU
NN G %/ g NN G ** %( )4. g NN G G
G %( 04 g
XXX1BSL$BNFSBTDPN"1 XXX1BSL$BNFSBTDPN"1
NN G %( )4. g NN G %$ 04 )4. g NN
NN G &9 %( g
NN G &9 %( )4. g NN G .BDSP 04 g NN
NN
NN G &9 %( )4. g
4JHNB &' 4JHNB &' 4JHNB
NB &.
NN G .BDSP g NN G %$ )4. g &9
9 %( Y "10 g 45 %( 4VQFS %( %( .BDSP
DSP 'MBT
NN G %/ g NN G ** %$ 04 g &9
9 %( Y "10 %( g
NN G .BDSP g NN G 04 )4. g 64#
4# %PDL g
NN G &9 %( )4. g NN .BDSP 04 )4. GS g 4JHNB 'JMUFST GSPN g
/PX POMZ g /PX POMZ g /PX POMZ g
7JTJU VT JO TUPSF USZ UIFTF MFOFTFT PVU GPS ZPVTFMG SFDFJWF FYQFSU BEWJDF 431 g 431 g 431 g
'VKJpMN 9
" QSFNJVN RVBMJUZ DPNQBDU
'VKJpMN -FOTFT 1FOUBY ,
!# 9' NN G
g
DBNFSB P⒎FSJOH B SBOHF PG DMBTT
9' NN G
g !
MFBEJOH GVODUJPOT
VOSJWBMMFE 9' NN G
g
GSPN g
-&/4&4
/PX POMZ g /PX POMZ g /PX POMZ g g -PPLJOH BU UIF ,
431 g
431 g
DBTICBDL $POTJEFS UIF 1SFTUJHF #PEZ 0OMZ 83
"EE B 'VKJpMN )(9& (SJQ GPS #VZ UIF 91SP BOE SFDFJWF UIF "EE B 4BO%JTL (# &YUSFNF
g 9'NN 9'NN GPS '3&& 4%)$ $BSE GPS g
&EJUJPO XJUI HSJQ
UXP g g
CBUUFSJFT BOE TUSBQ "EE B %-* 3FDIBSHBCMF
4BNTVOH
VOH
OH /9 NN 4BNTVOH /9
NN 4BNTVOH
BNTVOH
NTVOH (BMBYZ /9 NN 4FF XFC GPS EFUBJMT CBUUFSZ GPS g
!# !# !# 1FOUBY 24 3JDPI
PI 8(. 1FOUBY 9(
"EE B 1FOUBY NN
G MFOT GPS POMZ g
"EE B 8( )BOEMF CBS NPVOU
0$. GPS POMZ g
"EE B -PXFQSP 5PQMPBEFS
"8 GPS POMZ g
— GQT DPOUJOVPVT TIPPUJOH
— QPJOU X
XJEFBSFB BVUPGPDVT 1FOUBY -FOTFT
— , BOE 6)% 7JEFP NN
NN G
NN
G %" &% *' g
NN G %" &% "- *'
g
NN G &% 83 g
NN G g
1FOUBY ;
1F
— %VSBCMF
BCMF
CMF CPE
CPEZ
— $IPJDF PG MFOTFT JODMV
JODMVEJOH QSJNFT
NN
NN G
G %"
% &% "- g
%" NN G &% *'
g
NN
NN G %
N %" "- *' 4%. g 4UE ;PPN NN g
[PPNT BOE TQFDJBMJTU PQ
PQUJDT
NN G
G %" 83 g
G 'JTI &ZF %FHSFF g
431 g NN
NN G &% *' %" g
N 5FMFQIPUP
QIPUP NN g
&WFSZ
4JHOVQ UP PVS OFXTMFUUFS 8FFL
4JHOVQ UP PVS XFFLMZ OFXTMFUUFS UP HFU FYDMVTJWF QSPNPUJPOT
CFTQPLF P⒎FST BOE JOGPSNBUJPO PO UIF MBUFTU QSPEVDUT
--- "
.
6 "
1!(?FF-- #?5$;:5? 9F(?FF-- #%;$5: )
)+)
$&+) )+)
$&+) 0+)<
57** =?:/
=?F 587* =@@/
=1F
270A> C8 8B .0C 270A> C8 8B .0C
$F($FF-- #%;:5? )+)
5*= =%F =/1F 1:(?FF-- '' $66$)!0 58* =!F =%%/
9F(@FF-- #@5! 51* =@F =9?/ 19($F-- #@5! )+)
$&+) 58 =@$ =@:F
1$F($FF-- #$;:5?
521* =!F =$// 19($F-- #@5! )+)
$&+) 57* =?F =?@/
!$-- #15%
)+)
)$&+) 528 =@: =$// 1!(@FF-- #?5$;:5? )+)
$&+) 5, 8 =1? =1@/
? 578= =@1 =@// 9F(@FF-- #@5! )+)
$&+) 5*** =9% =/@$
1$F(:FF-- #$;:5? '' $66$)!0 5* * =!F =!:/
% # %""
#"#
" ""
$%
% $
^>Z >ĞŶƐĞƐ
EKE >E^^ E/<KE >E^^ Ϯϰ%ဒϱŵŵ Ĩϯϱ%ϰϱ &%^ ' sZ άϯဓဓ ϱϬ%ϭϱϬŵŵ ĨϮဒ y WK K^ ,^D άϳϯဓ
& ϮϬŵŵ ĨϮဒ h^D άϰϬဓ ϭϬϱŵŵ ĨϮဒ ' /&% & y &ŝƐŚĞLJĞ άϱϰဓ Ϯϰ%ϭϮϬŵŵ Ĩϰ ' &%^ sZ άϳဓဓ ϱϬ%ϮϬϬŵŵ ĨϰϬ%ϱϲ K^ ,^D άϭϭဓ
Et &%^ Ϯϰŵŵ ĨϮဒ WĂŶĐĂŬĞ άϭϳϭ ϭϰŵŵ ĨϮဒ & >ĞŶƐ άϭϮϯဓ Ϯဒ%ϯϬϬŵŵ Ĩϯϱ%ϱϲ ' &%^ sZ άϲϱဓ ϱϬ%ϱϬϬŵŵ Ĩϰϱ%ϲϯ ' K^ ,^D άဓϳဓ
& Ϯဒŵŵ Ĩϭဒ h^D άϯϳဓ Et ϮϬŵŵ Ĩϭဒ ' &%^ άϲϳဓ ϱϱ%ϮϬϬŵŵ Ĩϰ%ϱϲ ' &%^ y sZ /&% άϮϮϭ ϳϬ%ϮϬϬŵŵ ĨϮဒ y ' K^ ,^D άϳϰဓ
& ϯϱŵŵ ĨϮϬ /^ h^D άϰϰဓ Ϯϰŵŵ Ĩϭϰ ' &%^ άϭϰϲϱ /ŶĐůƵĚŝŶŐ άϮϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϮϰϭ ϳϬ%ϯϬϬŵŵ ĨϰϬ%ϱϲ WK DĂĐƌŽ ^ƵƉĞƌ ' &ƌŽŵάϭϱϬ
& ϰϬŵŵ ĨϮဒ ^dD άϭϯϰ Et Ϯဒŵŵ Ĩϭဒ ' &%^ άϰဓϱ ϱϱ%ϯϬϬŵŵ Ĩϰϱ%ϱϲ ' &%^ y sZ άϮϰဓ ϳϬ%ϯϬϬŵŵ ĨϰϬ%ϱϲ ' K^ άϮϳϱ
/ŶĐůƵĚŝŶŐ άϮϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϭϲဓ Et ϯϱŵŵ Ĩϭဒ ' &%^ EŝŬŬŽƌ άϰϮဓ /ŶĐůƵĚŝŶŐ άϯϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϮϳဓ ϭϮϬ%ϯϬϬŵŵ ĨϮဒ K^ άϮϳဓဓ
d^% ϰϱŵŵ ĨϮဒ άϭϭϮဓ ϰϬŵŵ ĨϮဒ ' &%^ y DŝĐƌŽ άϭϲϱ ϳϬ%ϮϬϬŵŵ Ĩϰ ' sZ άဒϲϰ ϭϮϬ%ϰϬϬŵŵ Ĩϰϱ%ϱϲ ' K^ ,^D&ƌŽŵ άϲϯဓ
& ϱϬŵŵ ĨϮϱ DĂĐƌŽ >ĞŶƐ άϮϮဓ /ŶĐůƵĚŝŶŐ άϮϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϭဒϱ /ŶĐůƵĚŝŶŐ άဒϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άဓϰဓ ϭϱϬ%ϱϬϬŵŵ ĨϱϬ%ϲϯ ' K^ ,^D άϱဓဓ
DW% ϲϱŵŵ ĨϮဒ ϭ%ϱdž DĂĐƌŽ άဒϱϯ ϱϬŵŵ Ĩϭϰ ' &%^ άϮϳဓ ϳϬ%ϮϬϬŵŵ ĨϮဒ' &%^ sZ // άϭϰဓϰ Et ϭϱϬ%ϲϬϬŵŵ ĨϱϬ%ϲϯ ^ ' K^ ,^D άϭϰဓဓ
d^% ဓϬŵŵ ĨϮဒ άϭϭϮϰ ϱϬŵŵ Ĩϭဒ ' &%^ >ĞŶƐϱ%ϱϲ ' sZ άϭϰဓ /ŶĐůƵĚŝŶŐ άဒϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϭϱϳဓ y ' WK dĞůĞ ŽŶǀĞƌƚĞƌƐ &ƌŽŵ άϭဓဒ
& ϭϬϬŵŵ ĨϮဒ h^D DĂĐƌŽ άϰϭဓ ϱϬŵŵ ĨϮဒ ' &%^ DŝĐƌŽ άϯϲဓ ϳϬ%ϯϬϬŵŵ Ĩϰϱ%ϱϲ ' &%^ /& sZ άϰϭဓ
Et & ϰϬϬŵŵ ĨϰϬ K /^ h^D // άϲဓဓဓ ϲϬŵŵ ĨϮဒ & DŝĐƌŽ EŝŬŬŽƌ >ĞŶƐ άϯϲဒ
&%^ ϭϬ%ϮϮŵŵ Ĩϯϱ%ϰϱ h^D άϰϬϯ Et ϱဒŵŵ Ĩϭϰ ' &%^ >ĞŶƐ άϭϱဓဓ
/ŶĐůƵĚŝŶŐ άϰϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϰϰဒ ဒϱŵŵ Ĩϭϰ ' &%^ άϭϭϳϳ
&%^ ϭϱ%ဒϱŵŵ Ĩϯϱ%ϱϲ /^ h^D άϱϳဓ ϭϬϱŵŵ ĨϮဒ ' &%^ sZ /& DŝĐƌŽ άϱဒဓ
&%^ ϭϳ%ϱϱŵŵ ĨϮဒ /^ h^D άϱϯϭ /ŶĐůƵĚŝŶŐ άϰϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJάϲϮဓ
/ŶĐůƵĚŝŶŐ άϰϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϱϳϲ ϭϯϱŵŵ ĨϮϬ & άϭϬϮဓ ^/'D >E^^ ǁŝƚŚ ϯ zĞĂƌ tĂƌƌĂŶƚLJ dDZKE >E^^ ǁŝƚŚ ϱ zĞĂƌ tĂƌƌĂŶƚLJ
&%^ ϭဒ%ϱϱŵŵ Ĩϯϱ%ϱϲ /^ ^dD >ĞŶƐ άϭဒဒ ϭဒϬŵŵ ĨϮဒ & /&% άϲဓϱ ϯϬŵŵ Ĩϭϰ ,^D άϯϲဓ ဓϬŵŵ ĨϮဒ%ϰϬ s h^ DĂĐƌŽ άϯϳဓ
&%^ ϭဒ%ϭϯϱŵŵ Ĩϯϱ%ϱϲ /^ ^dD άϯϯϰ ϮϬϬŵŵ ĨϰϬ & DŝĐƌŽ άϭϭϳဓ ϯϱŵŵ Ĩϭϰ ' ,^D άϲϯϲ ϭဒϬŵŵ Ĩϯϱ ŝ ^W & DĂĐƌŽ άϲဓဒ
/ŶĐůƵĚŝŶŐ άϮϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϯϯဓ ϯϬϬŵŵ ĨϰϬ &%^ /& άϭϬϮဓ ϱϬŵŵ ĨϮဒ y ' DĂĐƌŽ άϮϲဓ ϭϬ%Ϯϰŵŵ Ĩϯϱ%ϰϱ ŝ // > ^W & ^W /& άϯϰဓ
&%^ ϭဒ%ϮϬϬŵŵ Ĩϯϱ%ϱϲ /^ άϯϱϰ ϭϬ%Ϯϰŵŵ Ĩϯϱ%ϰϱ ' &%^ y άϲϯဓ ϱϬŵŵ Ĩϭϰ y ' ,^D άϯϭဓ ϭϲ%ϯϬϬŵŵ Ĩϯϱ%ϲϯ ŝ // s W DĂĐƌŽ
/ŶĐůƵĚŝŶŐ άϰϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϯဓဓ ϭϮ%Ϯϰŵŵ Ĩϰ ' &%^ /&% y άဒϯဓ ϳϬŵŵ ĨϮဒ y ' DĂĐƌŽ άϯϱϭ ;ĂŶŽŶ Ĩŝƚ4 άϰϳဓ
& Ϯϰ%ϳϬŵŵ Ĩϰ > /^ h^D άϲϲဓ ϭϰ%Ϯϰŵŵ ĨϮဒ ' &%^ άϭϭϰϬ ဒϱŵŵ Ĩϭϰ y ' ,^D άϲϰဓ ϭϳ%ϱϬŵŵ ĨϮဒ yZ ŝ // s άϯϰဓ
/ŶĐůƵĚŝŶŐ άϭϲϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άဒϮဓ /ŶĐůƵĚŝŶŐ άϭϳϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJάϭϯϭϱ ϭϬϱŵŵ ĨϮဒ WK y ' K^ ,^D DĂĐƌŽ άϯϳဓ ϭဒ%ϮϬϬŵŵ Ĩϯϱ%ϲϯ & yZ / // άϭϯϮ
& Ϯϰ%ϭϬϱŵŵ ĨϰϬ > /^ h^D άϳဒဓ ϭϲ%ဒϱŵŵ Ĩϯϱ%ϱϲ ' &%^ y sZ άϰϯဒ ϭϱϬŵŵ ĨϮဒ y ' K^ ,^D DĂĐƌŽ άϲϲဒ ϭဒ%ϮϳϬŵŵ Ĩϯϱ%ϲϯ ŝ // s W άϯϮဓ
Et & Ϯϰ%ϭϬϱŵŵ Ĩϯϱ%ϱϲ /^ ^dD άϰϱဓ ϭϳ%ϱϱŵŵ ĨϮဒ ' y &%^ /& άϭϬϰဓ ဒ%ϭϲŵŵ Ĩϰϱ%ϱϲ ,^D άϱϰဓ Ϯϰ%ϳϬŵŵ ĨϮဒ ŝ s h^ ^W άϳϰဓ
& Ϯဒ%ϭϯϱŵŵ Ĩϯϱ%ϱϲ /^ h^D άϯϱဓ ϭဒ%ϯϱŵŵ Ĩϯϱ%ϰϱ' &%^ EŝŬŬŽƌ άϱϭဓ ϭϬ%ϮϬŵŵ ĨϰϬ%ϱϲ y ,^D άϯϰϱ Ϯဒ%ϳϱŵŵ ĨϮဒ yZ ŝ άϯϱဓ
& ϳϬ%ϮϬϬŵŵ ĨϰϬ > h^D άϰဓϱ Et ϭဒ%ϱϱŵŵ Ĩϯϱ%ϱϲ ' &%^ y E/<<KZ sZ // άϮϮဓ ϭϬ%ϮϬŵŵ Ĩϯϱ y ,^D άϯဒဓ Ϯဒ%ϯϬϬŵŵ Ĩϯϱ%ϲϯ ŝ s W ;ĂŶŽŶ Ĩŝƚ4 άϱϰဓ
& ϳϬ%ϮϬϬŵŵ Ĩϰ > /^ h^D άဒϳဓ ϭဒ%ϭϬϱŵŵ &%^ y EŝŬŬŽƌ Ĩϯϱ%ϱϲ ' sZ άϮϬϰ ϭϮ%Ϯϰŵŵ Ĩϰϱ%ϱϲ y ' ,^D // άϱϳϱ ϳϬ%ϮϬϬŵŵ ĨϮဒ ŝ s h^ άဓဓဓ
/ŶĐůƵĚŝŶŐ άဒϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άဓϱဓ ϭဒ%ϭϰϬŵŵ Ĩϯϱ%ϱϲ ' &%^ y sZ άϰϱဓ ϭϳ%ϳϬŵŵ ĨϮဒ%ϰϬ K^ ,^D άϯϮဓ ϳϬ%ϯϬϬŵŵ Ĩϰ%ϱϲ ^W ŝ s h^ άϮဒဓ
& ϳϬ%ϯϬϬŵŵ ĨϰϬ%ϱϲ /^ h^D άϯϮϰ ϭဒ%ϮϬϬŵŵ Ĩϯϱ%ϱϲ ' &%^ y sZ // άϱϯϰ ϭဒ%ϮϬϬŵŵ Ĩϯϱ%ϲϯ K^ ,^D // άϮϯဓ ϭϱϬ%ϲϬϬŵŵ Ĩϱ%ϲϯ ^W ŝ s h^ άဒဓဓ
/ŶĐůƵĚŝŶŐ άϰϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϯϳဓ /ŶĐůƵĚŝŶŐ άϱϬ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϱဒϰ ϭဒ%ϮϱϬŵŵ Ĩϯϱ%ϲϯ K^ ,^D άϯϬϲ
ϭဒ%ϯϬϬŵŵ Ĩϯϱ%ϱϲ &%^ sZ άϲϳဓ ϭဒ%ϮϱϬŵŵ Ĩϯϱ%ϲϯ DĂĐƌŽ K^ ,^D άϮϳဓ ,ƵƌƌLJ6 ĂŶŽŶ ĂƐŚďĂĐŬΎ ĞŶĚƐ ϮϭϬϭϭϱ
Ϯϰ%ϳϬŵŵ ĨϮဒ ' &%^ άϭϬϲϬ Et ϭဒ%ϯϬϬŵŵ Ĩϯϲ%ϲϯ DĂĐƌŽ K^ ,^D άϯဓဓ
/ŶĐůƵĚŝŶŐ άϭϳϱ ĂƐŚďĂĐŬΎWƌŝĐĞ LJŽƵ ƉĂLJ ƚŽĚĂLJ άϭϮϯϱ Ϯϰ%ϳϬŵŵ ĨϮဒ /& y ' ,^D άϱϳဓ EŝŬŽŶ ĂƐŚďĂĐŬΎ ĞŶĚƐ ϮϱϬϭϭϱ
ŝŐŝƚĂů ŽŵƉĂĐƚ ĂŵĞƌĂƐ ŝŐŝƚĂů ĐŽŵƉĂĐƚ ĐĂŵĞƌĂ ďĂƩĞƌŝĞƐ. ĐĂƐĞƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ ĂƌĞ ĂǀĂŝůĂďůĞ ŽŶ ŽƵƌ ǁĞďƐŝƚĞ
&Z ĚĞůŝǀĞƌLJ ŽŶ ŽƌĚĞƌƐ ŽǀĞƌ άϱϬΎΎ ΎΎĂƐĞĚ ŽŶ Ă ϰĚĂLJ ĚĞůŝǀĞƌLJ ƐĞƌǀŝĐĞ. h< ŽŶůLJ
;D ) ADD,, %'5&=&5<
5555555555555555555
) ?B.&5DD $ C 'B 5555555555555555555555555555555555
) ?;.&5DD
1& ) AD,, %A5&='5& 55555
?B;&5DD
$ $!( ;& ) ADD,, %'5&=&5< 6 5555555555555555555555555555555555555555555555555
?$.5DD
;& ) ADD,, %'5&=&5<
55555555555555555555555555555555555555555555555555555
) ?..5DD
1D C 'D
55555555555
) ?'.&5DD
< C BD
555555555555555555555555555555
?1B&5DD
1; ) A&,, %B5$=' 555555555555555555555555555566 ?1&.5DD
1$ ) A&,, %A5&='5& 55555555555555555555555555555555
?;.5DD
1
5555
) ?1!$.&5DD ;& ) ADD,, %'=&5<
3 455555
?1B.5DD $ C &< 555555555555555555555555
) ?;..5DD
&D ) &DD,, %'5&=<5A
) ?;;&5DD
;D ) BDD,, %B5$
785555555555555555555 ?<B&5DD
% ! !$
1
555555555555
) ?1!'.&5DD B& 55555555555555555555555555555555555555555555
?;.5DD
1 5555555555555555555555555555555555566 ?B.&5DD 1B 55555555555555555555555555555555555555555555
?'&5DD
1BD ) ADD,, %B5$
555555566 ?$<&5DD
&
555555555
?$..5DD 1B!BD!A<,, 55555555555555555555555
?..5DD
1A& ) 'DD,, %'5&=&5< 78 55555555555555555555555555555555555555555566 ?B;&5DD
& 5555555555555555555555555555666 ?AB&5DD 15'C
55555555555555555555555555555555555555555555555555555555
?1;.5DD <;! ';,, = 5 555555555666 ?1!&.&5DD
1&D ) &DD,, %&=<5A
) ?'..5DD
AD
55555555
) ?1&&5DD 15'C
5555555555555555555555555555555555555555555
?1..5DD &DD
$D,, 6 1BD 555555555555555555
) ?<.&5DD
1; ) A&,, %B5$=' = 55555555555555555
?BB&5DD
AD
555555555
?1<&5DD B5DC
55555555555555555555555555555555555555555555
?1;&5DD '&,, %' <'& 55555555
?AB&5DD
1; ) &D,, %B5$ *
5555555555555
?B<&5DD
A&D
55555555
) ?.&5DD B5DC
5555555555555555555555555555555555555555555
?B1&5DD *! $D,, !!1BD
5555555555555
?BB&5DD
1$ ) BDD,, A5&=<5A 555555555555
?$.5DD
'DD 6 *) 6 5555555555555555566 ?1<&5DD ADD B5D 555555555
?1<&5DD *
!1BD ! ;&,, 555555555555555
) ?1..5DD
B$ ) ADD,, %A5&=<5A = * 55555555
6 ?A..5DD
6 ! ;&,, 6 1BD 6 5555555555566 ?1<.5DD
&& ) BDD,, %'=&5<
* 55555555555555555555555555
?..5DD
1DDD 1$)&& 555555555555555555555555
?1;&5DD
; ;
BC 555555555555555555555555555555
) ?$.5DD 'D,, % ' 5555555555555555555
?1.&5DD
1
5555555555
?B'.5DD B =55555555555555555555555555555555555555555555555
) ?'&5DD A&,, B5$ )
1 1 345555555
?B.&5DD
'D,, %' =*55555555555555555555555555555
) ?1&.5DD 1B ) B',, %' ) 55555555555
6 ?B..5DD
'AD
55555555555555555555555555555555
?1'.5DD BC =5555555555555555555555555555
) ?&.5DD &D,, %B5$
5555555555555555555555555555555555555555555555666 ?..5DD
&&D 55555555555555555555555555555555555555555555555555566 ?1'&5DD )B
555555555555555555555555555555
?1B&5DD 1< ) &D,, %B5$ ) 555555555555
?B;&5DD
1&D,, %A5& 555555555555555
?1'.5DD ADD,, %B5$ ) = 555
) ?$.&5DD
&&D 5555555555555555555555555555555555555555555555555555
) ?1;.5DD &'D 6 55555555555555555555555555555555555555555555555555
?<.5DD 1&D,, %A5&
555555555555555555555555555555555
?..5DD
&&D 55555555555555555555555555555555555555555555555555555555555555555556 ?$D5DD
&$D 55555555555555555555555555555555555555555555555555555
?1..5DD
&'D 6 555555555555555555555555555555555555555555555555
) ?&.5DD
'BD 55555555555555555555555555555555555555555555555555555555555555
?A.5DD
1&D,, %A5&
555555555555555555555555555555555555555555555
?$.5DD
1&D,, ' 555555555555555555555555555555555555555555555555555555555555555555555555
) ?$.5DD
%
&$D
55555555555555555555555555555555555555555555
?B;&5DD 555555555555555555555555555555555555555555555555555555555
?;.5DD * 1BD 5555555555555555555555555555555555555555555555555555555
?<.5DD A 5555555555555555555555555555555555555555555555555555555555555566 ?B..5DD
)1'
55555555555555555555555555555555555555555555555
?B..5DD 5555555555555555555555555555555555555555555555555555555
?1B&5DD *! #@ 5555555555555555555
?&.5DD A 555555555555555555555555555555555555555555555
) ?B..5DD
)'
1'=&$D=&$D
#@ 55555
?..5DD A
555555555555555555555555555555555555555
?11&5DD
5555555
) ?1..5DD A 555555555555555555555555555555555555555555555555555555555555555555555555555555566 ?B;&5DD
)1 555555555555555555555555555555555555
?..5DD
'5&,, %B5$
5555555555555
?';&5DD
55555555555555555555555555555555555555555555555555555555556 ?;&5DD B 55555555555555555555555555555555555555555
) ?;.&5DD
) '
?B..5DD
1D,, %B5$
5555555555555555555555555555555
?A'&5DD
=*55555555555555555555555555555555555555555555
?;&5DD B
&D,, %15'5555555555555555555555
) ?A.&5DD
)1'D )
555555555555555
?1..5DD
1',, %B5$ 5555555555555555555555555
?A'&5DD
=*5555555555555555555555555555555555555555566 ?&.5DD B
3
4 555555555555666 ?A'&5DD
)1 ADD 55555555555555555555555555555555
) ?A&5DD
AD,, %15'
555555555555
?1..5DD
! * #@5555555555555555555
) ?;&5DD B
55555555555555555555555555555555555555555555555
) ?A'&5DD
)B BD=AD='D 55555555555555555555555555555555555555555555
?'.5DD
1D&,, %B5$
555
?B<&5DD =*5555555555555555555555555555555555555555555555
) ?'&5DD B
55555555555555555555555555555555555555555555555555555555555666 ?1'&5DD
)A A&D='DD 55555555555555555555
) ?A.5DD
'DD,, %&5<
55555555555555555555555555555555555555555
)) ?B.&5DD
55555555555555555555555555555555555555555555555555555555555666 ?$.5DD B 5555555555555555555555555555555555555555555555555555555555555555566 ?1'&5DD
)1
555555555555555555555555
) ?A..5DD
1D ) BD,, %A5&
5555555555555555555555555555555 ?AB&5DD 1&D,, %A5& 5555555555555555555555555555555555555555555555555
) ?1<&5DD
B
555555555555555555555555555555555555555555555555555555555555
) ?B<&5DD
BA,, %15'
5555555555555555555555
?&.&5DD
;D ) ADD,, %'=&5<
6 555555555555555555555555555555
) ?&.5DD *
$D,, !!1BD 555555555555555555555
?';&5DD
B
555555555555555555555555555555555555555555555555555555555566 ?1'&5DD
A&,, %15'
37845555555555555
?AB&5DD
;D ) ADD,, %'=&5<
6 55555555555555
?.&5DD &D,, %A5& 55555555555555555555555555555555555555555555555
?1.&5DD
<&,, %' 55555555555555555555555555
) ?1'&5DD
B 555555555555555555555555555555555555555555555555555555555555555555
) ?1..5DD
1$ ) &&,, %B5$='
785555555
?A..5DD
1BD ) 'DD,, %'5&=&5<
555555555555555555555555555555555 ?'.&5DD 11D,, %'
55555555555
) ?A<&5DD
-
55555555555555555555555555555555555555555555555555555555
) ?;&5DD
A
A&!BBA
) ?1!<.&5DD
1&D ) &DD,, %&=<5A
55555555
?&B&5DD 1&D,, %' 555555555555555555555555
) ?1'&5DD A 1DD A
' 345555555555666 ?1..5DD
B 6 ..D 55555555555555
) ?A..5DD
1;D ) &DD,, %&=<5A
55555555555
) ?B..5DD BDD,, %'5& 5555555555555555555555555
?1;.5DD A BD A55555555555555555555555555555555555555555
) ?<.5DD
<DD 5555555555555555555555555555555555555
?;'&5DD
.D,, %B5$ *
555555555555555555555555555555
?BB&5DD
=*5555555555555555555555555555555555
) ?$.5DD B$,, %B5$ 555555555555555555555555555555555555555555555555555555555555555555555555566 ?..5DD
;1DD 3''11 4555555555555555
?&;&5DD
B$ ) ADD,, %A5&=<5A = *
?A;&5DD =*555555555555555555555555555555555555555555555555
) ?&.5DD B$,, %A5& 55555555555555555555555555555555555555555555555555555555555555555555555
) ?1B&5DD
ADD
55555555555
?';&5DD 1D )1;,, %A5&='5& 34 5555555555555555555
?B..5DD
<'& <D 555555555555555555555555
) ?A.&5DD B$,, %B 55555555555555555555555555555555555555
) ?B.&5DD
ADD 5555555555555555555555566 ?B..5DD
<.D
55555555555555555555555555555555555
) ?&..5DD A&,, %B 55555555555555555555555555555555555555555555555555555555555555555555555555
) ?1$&5DD
.D
<.D 555555555
?B.&5DD
$D
5555555555555555555555555555
) ?1<&5DD
$' $"
<;D
= .D,, %A5& 5555555555555555555555555555
?<;&5DD
<1;
5555555555555555555555555555
) ?1!1.&5DD
'&,, %B5$ 5555555555555555555555555555555555555555555555555555555555
) ?1..5DD
&D,, 15$ 555555555555555555555555555555555555555555555555555555555555555555555555
) ?;.5DD
$D
55555555555555555555555555555555555556 ?1'&5DD B
5555555555555555555555555
) ?'<&5DD
< &D,, %' 1&D,, %'5& 6 6 555555555
) ?1!'..5DD &D,, 15' 5555555555555555555555555555555555555555555555555555555555555
?1;&5DD
;D 1$ ) ;D
55555555
?BB&5DD *
6 555555555555
?A'&5DD
< &D,, %' 78 < 6 ! 55555555555
) ?1!1.&5DD &&,, %B5$
555555555555555555555555555555555555555555555
) ?1&.5DD
;D 55555555555555555555555555555
) ?.&5DD .D,, %B5$ 78 6 55555555555555555555555555555555555555
) ?1$&5DD
<;6&D,,!.D,,!B&D,,
5555555555555555555555
?A<&5DD $&,, %B 3
45555555555555555555555555
?B'&5DD
)1D ADD=ADD=;DD 5555555555566 ?;.5DD 1'D 1=B555555555555555555555555555555555555555
?<&5DD
1&D,, %'5& 78 555555555555555555555555555555555555555555555
?A<&5DD 1D&,, %'
5555555555555555555555555555555555555555555555
) ?B;&5DD
)$D $D=.D5555555555555555555555555555566 ?'.5DD BDD 1=B555555555555555555555555555555555555555
?$.5DD
'A,, %'5& ;=; 5555555555
?;..5DD 1A&,, %B5$ = 5555555
?1.&5DD
&D
5555555555555555555555555555555
) ?&.5DD 1 A55555555555555555555555555555
) ?<.5DD
1&D,, %'5& ;=; 555555555555555555555555
?A.&5DD BDD,, %' 555555555555555555555555555555555555555555555555555
) ?.&5DD
<DD 555555555555555555555555555555555555555555555555555555555555555
) ?1<.5DD )B 5555555555555555555555555555555555555555555555555555555555
?&&5DD
1&D,, %'5& 6
;=; 555555555555555555555555555
?'B&5DD
ADD,, %B5$
15' 55555555555566 ?'.&5DD
$DD
555555555555555555555555555555566 ?1;&5DD 3 455555555555555555555555555555555555
) ?A<&5DD
1$D,, '5& 5555555555555555555555555555555555555555
?1..5DD &DD,, %$
55555555555555
?B..5DD
.DD
555555555555555555555555555555555
?B'&5DD
5555555555555555555555555555555555555555555555555555
) ?1..5DD
B&D,, %'5& 5555555555555555555555555555555555555555555555555
) ?1.&5DD A& ) ;D,, %A5A='5&
5555555555555555555
) ?1<.5DD
'& ' 5555555555555555555555555555555555555555
) ?1.&5DD B$,, %B5$ 5555555555555555555555
?<&5DD
1&D,, %A5& = <'& =555555555555555555555555555555555555555555555
?B..5DD A& ) 1D&,, %A5&='5&
5555555555555555555
?1.&5DD
1
55555555555555555555
?B..5DD '&,, %B5$ 6 5555555555555555
?1.&5DD
B1D,, %' <'&5555555555555555555555555555555555
?1.&5DD A& ) 1D&,, %A5&='5&
555555555555555555555555555566 ?1A.5DD
1.
) ;DD #@55555555555
) ?..5DD &D,, %15; 5555555555555555555555555555555555555555555555555555555
?1B&5DD
1$D,, '5& 55555555555555555555555555555555555555555555555
?1<.5DD A& ) 1A& %A5&='5& 555555555555555555555555555555555555555555555555555555555555556 ?1<&5DD
)&AD *@@+ 555555
?;&5DD $&,, %15' 555555555555555555555555555555555555555
?'<&5DD
BBD <;55555555555555555555555555555555555555555555555555555555555
) ?.&5DD 'A ) $<,, %A5&
55555555555555555555555555555555555555555555555555555566 ?<.5DD
<C; &&,, %' 3
4555555555566 ?<'&5DD ;D ) B1D,, %'5&=&5< 55555555555555555555555555555555555555
) ?<&5DD
B.
55555555555555555555555555555555555555555555
?A.5DD 1A&,, B5$
5555555555555555555555555555555566 ?1.&5DD &&,, %A5&
<C;5555555555555555555555555555555555
) ?1.&5DD ;& ) 1&D,, %A5&
55555555555555555555555
) ?;&5DD
A<
55555555555555555555555555555555555555555555555555555555
?$.5DD B$D 555555555555555555555555555555555555555555555555555555555555555555555
) ?.&5DD &&,, %B5$ <'&55555555555555555555555555555555555
?1..5DD < 555555555555555555555
?1..5DD
)1 1B
2 6 1')'B 555
?1'.5DD BDD,, ' <; 6 5555555555555
) ?1..5DD
!& %!"
)B' B&D
'=' 55555555555555555
) ?B..5DD
)& 1')'B
55555555555555555555
?1..5DD
&&,, %B5$ 555555555555555
) ?1!A.&5DD
1B
A=
B=B=
= 55555555555555666 ?;.5DD
1D)BD,, %'=&5<
'=A9": 55555555
6 ?B'&5DD 1&D,, %'5<
<DD$5555555555555555
) ?&;&5DD 1A 55555555555555555555555555555555555555
) ?&&5DD
&D,, %B
'=A9":55555555
?A<&5DD
$
<'( 5555555555555
) ?1!D.&5DD 'C&
<C;55555
) ?..5DD 1B 55555555555555555555555555555555555555555555555566 ?'.5DD
1B ) <D,, %B5$=' '=A5555
?''&5DD BD
5555555555555555555555
?1.&5DD
1B'
5555555555555555555555555
) ?1..5DD 11 555555555555555555555555555555555555555555555555555
?'.5DD
1' ) '&,, %A5&=&5< '=A9": 55
6 ?..5DD ) 1
55555555555
) ?B'&5DD 1< =555555555555555555555555555555555555555555555555555
?;.5DD
;D ) ADD,, %'=&5< '=A9": 555555555555555555
?BB&5DD
)BD '=A9": 55555555555555555555
?B'&5DD
;
55
) ?1!B.&5DD
'
555555555555555555555555555555555555555555555555555
=666 ?<.&5DD
%$%" $ "" ""!" BDD 555555555555555555555555555555555555555555555555555555555555555555
?<.5DD
BD1 55555555555555555555555555555555555555555555555555555555555555566 ?$.5DD
) B& B&,,5555555555555555555555555555
?.&5DD
' 555555555555555555555555555555555555555555555555555555555555555566 ?&.&5DD <
555555555555555555555555555555555555555555555555555
?$.&5DD AD1 555555555555555555555555555555555555555555555555555555555555555
) ?1'&5DD
)' A 5555555555555555555555555555555555
?..5DD
B
555555555555555555555
) ?$.&5DD
)'D <555555555555555555555555555555555555555555
?1<.5DD 1< A=
B=
A==B55555555555555555555
) ?11.5DD
)& <BD 555555555555555555555555555555
?A.5DD
" 0 1B<&. 1.;D 55555555555555555555555555555
) ?'B&5DD 1D5&,, %B5$ 78 ) = 555555555
?A.&5DD 1< A555555555555555555555555555555555555555555555555555
) ?;&5DD
)1' 5555555555555555555555555555555555555555555555566 ?<.5DD
" 0 1'111 1.;&);<5555555555555555555555566 ?A..5DD 1<,, %B5$ = 78 55555555555555555555555555555555555555
?';&5DD
) 'D
5555555555555555555555555555555
?&.5DD
1 1')&D
5555
) ?B'&5DD
&D,, %B
37
84 55555555566 ?A<&5DD
1 37
8455555555555555555555555
) ?B<&5DD
A&,, %15$ 78 ) 55555555555555555555555555555555555555555555
?11.5DD
&D,, %15$ =55555555555555555555555555555555555555555555555555555555555555555555555555
?$&5DD
(%" %
; 1')'B 55555555555
?''&5DD 37
845555555555555555 666 ?B'&5DD &D,, %15$ = 78 555555555555555555555555555555555555555555555555555555555555555555
?$.5DD
'* 5555555555555555555555555555555555555555555566 ?A..5DD
B
55555555555
?$.5DD 5555555555555555555555555555555555555555555555555555555 ?B'&5DD 1B ) B',, %' 78 ) ) 555555555555555555555555555555
?&'&5DD
' 555555
) ?B.&5DD
1
5555555555555555
?..5DD = &, %B
5555555555555555666 ?A<&5DD 1< ) $&,, %A5&=&5< 78 ) 5555555555555555555
?AB&5DD
B
55555555555555555556 ?..5DD
B
555555555
?1'&5DD 555555555555555555555555555555555555555555555555555666 ?B'&5DD 1< ) $&,, %A5&=&5< 78 ) 5555555555555555555
?AA.5DD
B 55555555555555555555555555555555555555555555
) ?1B&5DD
AD,, %B5$
'=A9":555555555555555555555555555555555555
?11&5DD &, % A5&
55555555555555
) ?A.&5DD 1; ) &&,, %B5$ %B5$ 78 ) ) 6 555555555
) ?&'&5DD
B 5555555555555555555555555555555555555555555556 ?11D5DD
'&,, %B5$
'=A9": 55
?A..5DD 555555555555555555
) ?B.&5DD 1$ ) &&,, %A5&=&5< 78 ) 55555
?..5DD
B 55555555555555555555555555555555555555555555555555555555555555555555555556 ?..5DD
1$ ) ;D,, %A5&='5& 78 ) 5555555
6 ?1B&5DD
B
55555555555555555555555555555555555555555555
) ?11D5DD
'&)1&D,, %'=&5<
'=A9": 55
?1B&5DD
'D,, %B
55555555555555555555555
) ?;.&5DD 1$ ) 1D&,, %A5&=&5< 78 ) 6 555
?1<&5DD
1DD ) ADD,, %'=&5<
'=A9":55555
?AB&5DD B1,, %'5&
55555555555555555555555555555555
?<..5DD
1<,, %A5&
5555555555555555555
) ?B'&5DD
B' ) ;D,, %B5$ 78 ) )555555555555555555555555555555
?$..5DD
B1,, %A5& 555555555555555555555
) ?BB&5DD
)B 555555555555555555555555555
?1B.5DD B1,, 5555555555555555555555555555555555555555555555555
?1..5DD B' ) ;D,, %B5$ 78 ) )555555555555555555555555555555
?.'&5DD
AD,, %B5$
5555555555555555555555555555555
?11&5DD B1,, %' 6
6 555555
?1!B.&5DD
B',, %B5$ 5555555555555555
6 ?1.&5DD
B' ) 1BD,, %A5&=&5< = 555555
?B;&5DD
B$,, %B 55555555555555555555555555555555555555555555555555
) ?BB&5DD
1D&,, %B5$
555555555
?B'&5DD A&,, %15'
6 555555555
?1!..&5DD A& ) ;D,, %A5A='5& =55555555555555555555555555555555555555555555555555555555555
) ?;&5DD
ADD,, %B5$ 555555555555555555555555
?1!&.&5DD A&,, %B
55555555555
?1!&.&5DD A& ) $D,, %'5&=&5< = 78 5555555555555555555555555555555555555555
?&&5DD
B$,, %B5$ 5555555555555555555555555555555555555555555555555566 ?&&5DD
1$ ) BDD,, %A5&=<5A 5555555
?1B&5DD A&,, %A5&
55555555555555555555
) ?A.&5DD A& ) 1D&,, %A5&='5& =
555555555555555555555555555555555
?1B.5DD
B$,, A5& 55555555555555555555555555555555555555555555555555
) ?A.5DD
B$ ) ;&,, %B5$
555555555555555555555555555555
?B'.5DD A&,, %A5&
55555555555555555555555555555555
) ?A.&5DD A& ) 1A&,, %A5&='5& = 6 55555555555555555555555555555555555555555
) ?1B.5DD
A&,, %B 55555555555555555555555555555555555555555555
) ?1&&5DD
;D ) BDD,, %B5$ *
55
?A.&5DD &D,, %B
< 5555555555555555555555555
?..&5DD && ) BDD,, %'=&5< ) ) 55555555555555555555555555555555555
?1<&5DD
A&,, %B5$ 5555555555555555555555555555555
?A'&5DD
1&D ) &DD,, &5<=<5A
55555555555
?&B&5DD &D,, %B
0 A<AD1//55555
6 ?..&5DD ;D ) BDD,, %B5$ 78 ) 555555555
) ?1!1.&5DD
A&,, %B5$ 555555555555555555555555555555555555555555555555555555555555555
) ?<.5DD
15' 5555555555555
?1B&5DD &D,, %B
5555
) ?;;&5DD ;D ) ADD,, %'5&=&5< 78 =555555555555555555555555555555555555555555
) ?1B&5DD
&D,, %15$ 5555555555555555555555555555555555555555555555555555
?&&5DD
)A<
5555555555555555555555555555555555
?1B.5DD &D,, %B
55555
?$&D5DD $D ) BDD,, %B5$ ) = 78 B 5555555555555555
) ?&.&5DD
&D,, %15$ 5555555555555555555555555555555555555555555555555555555555555555
?'&5DD
$D ) 'DD,, %'5&=&5< 555555555
) ?<;&5DD
&D,, %A5&
5555555555555555555555555555555555555555555555555555555555
) ?1B.5DD
&D,, %B
5555555555555555555555555555555555555555555666 ?'.&5DD
%$%" $ "" 1'
15'C 5555555555555555555555555555
?B;&5DD
1A&,, %B5$ 55555555555555555555555555555555555555555555555555
?.&5DD
&D,, %B
555555555555555555555555555555555555
) ?A..5DD
1A&,, %A5& 5555555555555555555555555555555555555555555555555
) ?'.5DD
&D,, %B
555555555555555555555555
) ?<'&5DD 1;
15;C 5555555555555555555555555555
?B;&5DD
BD )1 B5D 555555555555555555555555555
) ?1B.5DD
B$ ) '$,, %' 55555555555555555555555555555555555555555555566 ?<.5DD
1 5555555555555555555555555555555555555555555555555555555555555555555555555556 ?11&5DD &D,, %B
555555555555555555555555555555666 ?&.&5DD
A& ) ;D,, %A5&='5& 55555555555555555555555555555555555555555555555555
?$.5DD
1 55555555555555555555555555555555555555555555555555555555555555555555555556 ?1'&5DD &D,, %B
555555555555555555555555555555555555
) ?&.&5DD BD ) 55555555555555555555555555555555555555555555
) ?1.&5DD
B$ 555555555555555555555555555555555555555555555555555555
) ?<&5DD
A& ) ;D,, %' 5555555555555555555555555555555555555555555555555555555555
) ?;&5DD
A 5555555555555555555555555555555555555555555555555555555555555555555555555566 ?..5DD &, %A5&
55555555555555555555555555555555
) ?B'&5DD
A& ) 1D&,, %A5&='5& 555555555555555555555555555555555555555555555555
?;&5DD
1< ) A&,, %B5$
78
6 555555
?$;&5DD .D,, %B5&
< 6 5555555
?$;&5DD
15'C = 78 555555555555555
?<.5DD
BD '==555555555555555555555555555555
?1.&5DD
;& ) 1&D,, %' 555555555555555555555555555555555555555555555
?&.5DD
1; ) 'D,, %'
78 55555555555555555555555
?';&5DD .D,, %B5$
55555555555555555555555
) ?B.&5DD
BD,, %15$ 345555555555555555
?B;&5DD
555555555555555555555555555555555555555555555555555555555555555
) ?'&5DD
BD ) A&,, %B5$
7855555555555555555555555555555555555555555555555555555
) ?'..5DD .D,, %'
555555555555555555555555555555555555555555555555555555555555555555
?B;&5DD
B',, B5$ = 6 5555555555555555555555555555555555555555555555555555555555
?'.5DD
555555555555555555555555555555555555555555555555555555555555555555555555555
) ?A.5DD
B$ ) ADD,, A5&=&5<
78
555555555
) ?1!'.&5DD 1A&,, %B5$
555555555555555555555555555555555555566 ?B.&5DD
AD,, %15'
55555555555555
?1..5DD
AB 55555555555555555555555555555555555555555555555555555555555555
) ?B.5DD
;D ) BDD,, %B5$
78
1 55555
?$..5DD 1A&,, %'5& 555555555555555555555555555555555555555555555555555555555555555556 ?;&5DD
&D,, %B5$
= 78555555555555555555555555555555555
?1'&5DD
BD 555555555555555555555555555555555555555555555555555555555555555
?BD5DD
;D ) BDD,, %B5$
78
5
?1!A;&5DD 1B,, %&5< = 6
6 555555555555
?A.&5DD
;D,, %B5$
3 45555555555
?B;&5DD
B$D 555555555555555555555555555555555555555555555555555
) ?'.5DD
;D ) BDD,, %'
785555555555555555555555555555555555555555555
?''&5DD 1&,, %'5& = 6
55555555555555
?B$&5DD
1D ) BD,, %'=&5<
5555555555555555
?BB&5DD
1',,! B&,,5555555555555555555555555555555555555555555555555555
) ?&&5DD
;D ) ADD,, %'=&5<
555555
?'..5DD B&,, %'
555555555555555555555555555
) ?B;&5DD
1',, %B5$
785555555555555555555555555555555555555555555555555
) ?;.&5DD B&,, %' 6 555555
?B.&5DD
1A&,, %B
78 $B,, 55555555555555555
?&..5DD B$,, %B
55555555555555555555555555555555555555555555555555
?A'&5DD
BDD,, %B5$
78
555555555555555555555555555555
?';&5DD 1&,, 5555555555555555555555555555555555555555555555555555555555555
) ?;.5DD
'DD,, %&5<
78 5555555555
?$'&5DD .D,, %'
555555555555555555555555555555555555555555555
?'.5DD
'DD,, %'
555555
) ?A!'.&5DD .D,, %'
6 555555555555555555555555555555555555555
) ?1B&5DD
&DD,, %'5&
78 55555555555555666 ?1!&..5DD
;=
<=
< #@555555555555555555555555555555555555555555555
) ?1B&5DD
1&,, %B5$ 5555555555555555555555555555555555555555
) ?''&5DD B$,, %A5& 55555555555555555555555555555555555555555555555
) ?BB&5DD
BD,, %B5$
55555555555555555555555555555555555555
?B..5DD A&,, %B5$ 5555555555555555
) ?B..5DD
B',, %B5$ 555555555555555555555555555
?1.&5DD A&,, %A5&
55555555555555555555555555555555555555555555
) ?B..5DD
'D,, %B5$
55555555555555555555555555555555555555555555555
?1B.5DD &, %B5$
55555555555555555555555555555555
) ?BB&5DD
&D,, %15$
1 3 455555555555555555555555555555555
?1&&5DD
&D,, %B5&
555555555555555555555555555555555555555555566 ?1B&5DD
&, %B
555555555555555555555555555555555555555
) ?B..5DD
&, %B
6
66 ?1'&5DD :H XUJHQWO\ UHTXLUH \RXU XVHG SKRWRJUDSKLF HTXLSPHQW :H KDYH
<D,, %B5$
555555555555555555555555555555
?B;.5DD
$&,, %15$
55555555
?B'&5DD
1A&,, %'5& 6
555555555555555555555555555555566 ?..5DD
1A&,, %'5& 5555555555555555555555555555555555555555666 ?1..5DD FXVWRPHUV ZDLWLQJ IRU 1LNRQ &DQRQ /HLFD &RQWD[ %URQLFD
1DD,, %B5$
55555555555555555555555555555555555555555
?B..5DD
1& ) $&,, %A5&=&5< )
6 5555555
6 ?';&5DD
1A5&, %'5& 5555555555555555555555555555555666 ?<.&5DD
.D,, %'
5555555555555555555555555555555555555555566 ?1'&5DD +DVVHOEODG DQG PRVW RWKHU PDNHV RI FDPHUD OHQVHV DFFHVVRULHV
1; ) &&,, %B5$
5555555555555555555555555555
) ?''&5DD
1; ) &&,, %B5$
6 555
?';&5DD
1A&,, %'5& 6 5555555555555555555555555555555555566 ?..5DD
1 &D,, 6 5555555555555
) ?1B&5DD ELQRFXODUV DQG FROOHFWDEOHV
1; ) $&,, %'=&5<
5555555555555555555555
?1;&5DD B' 555555555555555555555555555555555555555555555555555555555555555
?1$.5DD
1$ ) &&,, %A5&=&5<
5555555555555555555555555555555555555555555555555555555
?&.5DD
')B
' #@55555555555555555555555555555555555555555
) ?1'&5DD
1$ ) 1A&,, %A5&=&5<
555555555555555555555
?B;&5DD
1$ ) BDD,, %A5&=&5< )
55555555
6 ?AB&5DD
$ 6 555555566 ?A;&5DD
5555555555555555555555555555555555555555555555
) ?B'&5DD :H ZLOO EX\ IRU FDVK IURP \RX RU ZH DUH KDSS\ WR VHOO RQ \RXU
B$ ) $D,, %A5&=&5<
55555555555555555555555555555555555555555555555
?'.5DD
B$ ) .D,, %'=&5<
55555555555555555555555555555555555555555555555555555555555
?<.5DD
6 &D,, %B
55555
) ?A..5DD
B
5555555555555555555555555555555555555555555555555555666 ?1;&5DD EHKDOI RQ D FRPPLVVLRQ EDVLV %HVW SULFHV SDLG :H FDQ DUUDQJH
B$ ) 1D&,, %A5&='5&
5555555555555555555555555555555555555555555555555555
?1'&5DD
B$ ) 1A&,, %A5&=&5<
55555555
?B'&5DD
&D,, %B
B
555555555555555555555555555555555555555555555
?1..5DD
1$D,, %'
A
555555555555555555555555555555555555555555555566 ?A'&5DD
FROOHFWLRQ DQG HYHQ FDOO DQG FROOHFW DQG SD\ RQ WKH VSRW LI
B$ ) BDD,, %A5&=&5<
5555555555555555555555555555555555555555555555555555
?1;.5DD
A& ) $D,, %'=&5<
55555555555555555555555555555555555555555555555555555
?A.5DD
B$ ) ;D,, %A5&='5&
555555
) ?&<&5DD
A& ) ;D,, %A5&
5555555555555555555555555555555
) ?B;&5DD
QHFHVVDU\ DQ\ZKHUH LQ WKH 8.
&& ) B&D,, %'=&5<
55555555555
?1&.5DD
< #@55555555555555555555
?1'&5DD
:MWMXSVW EVI [IPGSQI TPIEWI TLSRI JSV ER ETTSMRXQIRX 43 &S\ 'SXXIRLEQ 'EQFVMHKI '& ;9
DĂŝů KƌĚĞƌ W,KE >/E^ KWE
DKE &Z/ ဒĂŵ ϱƉŵ.
ϬϭဒϬϯ ဒϱϮϰϬϬ
ŝŶĨŽΛŵŝĨƐƵĚƐĐŽŵ
ŵĂŝů %
^d ဓĂŵ ϱƉŵ.
^hE ϭϬĂŵ ϭƉŵ
^,KW KWE
h< ^ƚŽĐŬ ǁǁǁŵŝĨƐƵĚƐĐŽŵ DKE ^d ဓĂŵ ϱƉŵ.
KŶůLJ Ϯϳ%Ϯဓ6 ŽůƚŽŶ ^ƚƌĞĞƚ6 ƌŝdžŚĂŵ ĞǀŽŶ dYϱ ဓ ^hE ϭϬĂŵ ϭƉŵ
tĞ ŵƵƐƚ ďĞ ƚŚĞ
ďĞƐƚ ƐƚŽĐŬĞĚ ĚĞĂůĞƌ
ŝŶ ƚŚĞ tĞƐƚ ŽƵŶƚƌLJ
WůĞĂƐĞ ƉĂLJ ƵƐ Ă ǀŝƐŝƚ ĂŶĚ ƐĞĞ ĨŽƌ
LJŽƵƌƐĞůĨ LJŽƵ ǁŝůů ďĞ ŵĂĚĞ ǁĞůĐŽŵĞ
3OHDVH VHH RXU ZHEVLWH IRU WKH PRVW XSWRGDWH QHZ VWRFN SULFHV
&ĂŵŝůLJ ZƵŶ WƌŽ ĞĂůĞƌƐŚŝƉ ǁŝƚŚ &ƌŝĞŶĚůLJ. <ŶŽǁůĞĚŐĞĂďůĞ ^ƚĂĨĨ KƉĞŶ ϳ ĚĂLJƐ ƉĞƌ ǁĞĞŬ WƌŝĐĞƐ ŝŶĐ sd ĐŽƌƌĞĐƚ ϬϮ5Ϭϭ5ϮϬϭϱ WΘW džƚƌĂ ΘK
&Z KhZ/Z >/sZz &KZ Et /dD^ KZZ KE>/E ;h< DĂŝŶůĂŶĚ ŽŶůLJ
*7&-:%& <! 1! 7&! !27 27-)! !*!1 ', 7&! !27 -:,71>
<! ,,-7 *<>2 &;! !;!1> '7!+ *'27! ', 27-) 7 ** 7'+!2
2- <! 1! &//> 7- 1!2!1;! ,!< :2! '7!+2 "-1 :27-+!12
hz KE>/E ;ŶĞǁ ƐƚŽĐŬ ŽŶůLJ4 % ,< >d^d WZ/^
/*,,',% 7- ;'2'70 1'!2 -11!7 7 7'+! -" -+/'*7'-,
?95?.59?.# :7 1! 2:(!7 7- &,%! <'7&-:7 ,-7'! 2- E DEh&dhZZ ^,<^WZKDKd/KE^
/*!2! 2!! <!2'7! "-1 7&! +-27 :/ 7- 7! /1'!20
Yh>/dz h^ Yh/WDEd ^ĞĞ ǁĞďƐŝƚĞ ĨŽƌ ĨƵůů ůŝƐƚ Ăůů ƵƐ ĨŽƌ ĐŽŶĚŝƚŝŽŶ ĂŶĚ ƚŽ ďƵLJ ƐĞĐŽŶĚŚĂŶĚ ƐƚŽĐŬ ϲ DŽŶƚŚ ǁĂƌƌĂŶƚLJ ŽŶ ŵŽƐƚ ƐĞĐŽŶĚŚĂŶĚ
ǁǁǁŵŝĨƐƵĚƐĐŽŵ
86('
# = $ 9G)@GG & 555555555555555=?// %%&1 0D55555555555555 =&?/
4=3
)1G 5555555555555555=&/;1&/ )!G5555555555555555555555555=9/ ?@ $8(5555555555555555555555=@/
,+ 7 *>.
)5555=9// 3?$8?? !5 /4 ////// =&&/ 1199
(
) 0D 5555=%/ 70 6 1@9
)11 555555555555555555555=1?/ ):GG 0D 555555555555555555=1&/ ,E-2A8 A>0 ,,0C8
4$# 9G)?GG &;%5: 5555=@9/ 19@G (
)55 =1?/ 6 6 555555555555=%&/
)1&
) 0D 55555555=1:/ )!GG55555555555555555555555555=19/ 6 8,* 02* 7
) 555555555=//
* 6 9% 6 1@G +
6 27*8-555555555555555=@//
9%)?GG &;%5:
5555=!/
!% 15@
) 5555=11//
19!G (
)5555 =1&/
%?!G (
) 5 =19/
70 0-2
) 5555555=:&/
70 0E 5555555555555555=1&/
)!G 55555555555555555555555=&/
)1GG 555555555555555555555=&/
)/GG55555555555555555555555555=@:/
)/1G55555555555555555555555555=@9/
. D> >A 9 555555555555=1%
. D> >A 1& 55555555555=1% +,*+/,*+76
% 0 3 0 +9? 0 /G)?GG &;%5:55555555555555=:/
70 0E 87A""E 555555=//
)@GG 0D55555555555555=?/ )@GG 0D5555555555555555=1&/
. D> >A @% 5555555555=1%
,1%2( 0 2, "1%,////////// =@&/
* 6 27*8- 6 1@G
1GG @
0D 5555555=@!/
1GG @5! - 0D55=@//
. @ 6 &% 0D555555555 =1@//
?G %5: 0D55555555555555555 =1!//
7*8- ,> 555555555555555555=19/
7*8- 7,E5555555555555555555=:/
**',%= 4??? *(,7/// =1@/
**',%= +? *(,7 ////=!/
)!GG 0--. 7 5555=19/
)! 0D 555555555555555555555555=&/
A>0 D> >A 1& 55555555555555 =@/
A>0 D> >A @% 55555555555555 =@/&DQRQ
+ 6 82 '7*2 555555=1// +??$!?? !/ 5 /4 //=!// /G &
)555555555555555555555555 =@&/ 55555555555555555555555555555=9/ 00,2*D %GG 0D55555555=:/ )! 55555555555555555555555555555=9/
ϯϬϬŵŵ ĨϮဒ
* 0E 555555555555555=1?/ +??$!?? !/ 5 /4 //=9&/ .>7 "*,> 7 &/--55555555 =1&/ (*-. E 5555555555555555555555=&/ .
): .', "*. 7555555555=1:/ 9 0D 5555555555555555555555 =@?/ > /^ h^D
6 9% 6 1?% @
55555555555=%9/ 4=4 1@G :&% + 555555555555=// + 0 ++$93/ $ *= /// =&&/
)1G 3/G4 55555555555555555=1/ ? 0D 5555555555555555555555 =11/
61@G 555555555555555555=1// @GG @5! 555555555555=&&/ %G? 0E (7 5555555=?// /G ?5% 55555555555555555=@&/
@ 6 1G)?G ,+
) 55555=1&/
)@1 3"*>8 &45555555555555555=// @ 0E 0D555555555555 =@1/
0E 555555555555555555=// ?GG @5!
%G1
( 6 1@ 1@9 ?5% 555555555555555=@// ? 0E ,+ 0D 55555555=%&/
)?G 7 -0> 5555555555555555=&/ ? 0E ,+555555555555555=1@/
&%)/G &;%5: 0D 5=&&/
*.> 0D 555555555555555555=&&&& 6 !G @5! 55555555555=1G// 1!G &5% 5555555555555555555=// 8?$++? 8/ 5 /4 '& /// =1@/
)?: 7 -0> 5555555555555555=// 1 0E 8*,;,+ 0D5=1:/
:G "@5! 555555555555555555=1// ?GG @5!
/ =@/// %GG
0-2, > 5555555=9// @%G &5%
) 0D55555=@&/ )1GGG 5555555555555=19/
)@? 3> + &4 5555=// 1 0E ,+ 0D 5555555=!/
9% @5! 55555555555555555=1?/ ?GG @5!
/ =@9// %GG
0E ,+55555555=1// &%-- >A
)555555555=9/
)? 7 -0>
) 0D 55555=// @ 0E555555555555555555555=9/ a
9% @5! 55555555555555555=1@/ ?GG &
5555555555 =!9/
&% 27*8- 0D55555555=@// D> >A @ 55555555555555555555555=&/ % 0E 5555555555555555=//;@&/ )@ 0D 555555555555555555555555=// ? 0E -*.>) 0D5555=:/
1GG & -705555555=@&/ &GG @5!
=%///
/G 27*8- >>>E555555555=//
4=3 &8 0E 5555555555555555555=19/ )% 0D 5555555555555555555555=@// 1& @5% 5555555555555555555555=1&/
1?% & 555555555555555555=1//
1%G ?5% 5555555555555555555=//
&GG &
55 =@://
%GG & 55=?///;&9//
27*8- 0D5555555555=1&/
&% 7*8- ,> 55555555555=1&/
70 0E 55555555555555=1&/
%G &5% 55555555555=1//;@//
& 0E 555555555555555555555=1&/
1GG 0E 55555555555555555=1&/
@ 6 )1 ,+ 555555555555=1//
1&)&@ ?5%;%5: ,+ 55=1//
1&)&@ ?5%;%5:5555555555555=9/ &DQRQ
1%G ?5%
) 0D55=1&/ :GG & 55=?///;&:// &% 7*8- 7,E 55555555555=:/ :% & 0D
)5555555555555=?// /GD 0E 5555555555555555555=9/ ? 0E 5555555555555555=@&/ 1&)&% ?5%;%5:55555555555=1&/ ϰϬϬŵŵ
@GG &5% 555555555555555=1// 15&D D> . 7
55555 =1// 1 27*8- 5555555555555555555=:/ /G ?5%
) 0D 55555=@// !G1 0E 5555555555555555555=&/ ? 0E 5555555555555555=//;1// 1&)1&G ?5%;&5!555555555=?&/
@%G %5: 55555555555555555555=1&/ @D D> . 7
55555555 =1// 7,E 55555555555555555555=&/ 1@9 ?5% 0D 5555555555555=@// %G;%% 0E ( 55555=@/ )@ 0E (7 55555555555=19/ @% 15&
*.> 0D 5555555=?:/ ĨϮဒ >//
%GG ! 555555555555555555=@// @D D> . 7
55555555 =1&/ 1: ,+ 555555555555555555=1&/ 1!G &5% 0D555555555=1// :%;:G1 0E ( 555=@/
@. 0E (75555555555=19/ &%)@GG &;%5: 0D55555=1// /^ h^D
@D D> . 7 55555555555555=9/ .+0 70 ?GG @D =11/ 1@ ,> 8> (7 555555555555=19/ 0 @ D> >A 55555555555555=&/ +?/ 9/ %2#> $/// =?//
@. 0E ,+ 5555555555=1// 1GG)?GG &;%5: 0D555=?&/
1& D> >A 5555555555555555=&/ , 2,A8 @D 0.B 555=!/ 1@ ,> ,+;(7 555555555=1@/ 55555555555555555555555555555=9/ +?$9! 8/ 5!/ ////// =%&/
0E 555555555555555555555=9/ )? '7*2 5555555555555=1&/
1@G 5555555555555555555555=:/
)&* =7 7: 27 %)7 //=// %G? C*. 7 0D5555=19/ 27*8- 7,E 5555555555555=9/ 1@)@& & 5555555555555555=&// @& @ 5555555555555555555=??/ @ * C"*. 7555555555=1&/
0,70* + 55555555555555=@%
88028 D> >A 8 5555555=:/ %G @5!
) 0D 5555=:&/ 70 0,70* +55555=?/ 1:)?% &
) 0D 555=9&/ @& @5! 7,E 555555555=1?/ 1 * C"*. 755555555555=:/
55555555555555555555555555555=:/ )%G 55555555555555555555555555=@G @%G &
) 0D 55555=&&/ 70 8( 55555555555555555555=&/ +4$ 8/ 5 /4 /////// =?@/ @! ?5% 55555555555555555555=//
1 8> 7 0 -*702(0. 55 =1@/
0>7E 27*8-55555555555555=1@/ )& C*7 , 88 +*>55555555=11/ &G & 0D 555=1?//
19)?% @5! 0D5555=!// ?%)9G ?5?;&5% 555555=// @GG 555555555555555555555555=@1/
27*8- 55555555555555555=19/
7*8-55555555555555555555=9/
.', "*. 7 55555555555555=//
)%
) 0D 555555555=?9/
&G & 55555555555555555555=///
%G & 55555555555555555555=&//
? 388 )*) "1 =@&/
1/G& 55555555555555=1:/
19)%% @5! 55555=&:/
1! @5! 55555555555555555=%//
?%)1G% ?5%;&5% 55=11/
%G 15& 5555555555555555=1//
? 0E 0D55555555555555=%// &DQRQ
,*. 7*8- 555555555555555=@/ )@ 7*B 55555555555555555=// 1%G & 5555555555=&&/;&//
1!)?% ?5%;&5% 55555=1// %G 15! 555555555555555555=!/ @G 0E 5555555555555555=1&/ ϱϬϬŵŵ Ĩϰ >
.', B* C"*. 7 55555=1@/ 1%G & 555555555555555555=?// &%1 >>5555555555555555555=@/ 1!)9G ?5%;:5? 5555555=11/ %G 15! 2.+ 5=1?/ 1G 0E 555555555555555555=// /^ h^D
*. 7 5555555555555555555555555=9/ 1G @5! *8( E 55555=?&/ *B*>7 @D 0.B5555555555555=:/ &%& >>5555555555555555555=?/ +$+? 8/ 5 /4 ///// =1&/ %G 15! 555555555555555555555=%/ @ '7*255555555555555555555=:/
*. 7 5555555555555555555=1&/ +?$9? !5 /4 *=///=@!/ 0,7*8 7 ) :G--555555555=9/
+$9?? 8/ 5 /4 ////// =?9/ %% @5! -*70555555=1&/ & '7*2
) 0D55555=1@/
2 7*2 555555555555555=?/ +3$3? 9/5! ///=@:/ *)> +??
*= /// =?@/ +$9?? 8/ 5 /4 /////// =@// %% ?5% 55555555555555555555=// 8#++
A>0 ,,0C8 5555555555=19/ 1!)%G ?5%;%5: 0D =&/
@&G 0E
) 0D 5=?&// 0.E // 0E 0D 5 =11// @& @5! 55555555555555555=@// !% @ 5555555555555555555=1// 1% &
*.> 0D 5555555555=?:/
7*20 2> 7 5555555555=?/ @G 15! 0D5555 =@&/
! 0E 0D 5555555555555=9// 0.E 99 0E 0D 555 =&&/ @&)%G "?5%;&5% 55555555=1@/ 1?% @5! 55555555555555=1&/ 1:)%G @5!
*.> 0D55=%&/
*. 7 7,E 5555555555555555=&/ @G)&G @5! 0D 5555 =1// .'7*2
@&G 555555555=1%/ 0.E 9GG 0E 0D5 =@&/ @&)9G @5! 555555555=1G// 1!G @5! 55555555=?// 19)9G &
) 0D 5 =?&/
>F ?!: 5555555555555=&/ 9!$3? 9/ (//////=?&/
5
0.E 1GG 0E 55555555 =11/ @&)!% ?5%;&5% 555=1// @GG & 55555555555555555=1&/ 1!)%% ?5%;%5:5555555555555=@/ a
D> >A 1& ; &@ (55=&/
4=4
%G 15& 555555555555 =@&/
9G)@GG @5! //////=::/
& (70- 0E555555555=%//
9+ 9/ '& $ *=/ =1%//
0.E ?GG 0E 5555555555 =//
*. 9 '7*2 0D 555555 =:/
@&)1@G & 555555=%//
@&)1@G ?5%;%5: 55555=1//
@GG & 555555555555555555555=//
?GG @5! 0D5555555=!&/
1!)@9G ?5%;:5?
55=@//
@G)?% "& 0D555555555555555 =
* 0-2, > 5555555555=?// 3?$9?? 9/ //=&@/ @& @5! ,+
)555555555=1@// 0.E //
'7*2 5 =1:/ 9$? 8/ 5 /4 *=////////=:/ ?GG &5% 5555555555=1:/ @1 ?5@ *-*> 5555555=@//
* 0E 55555555555555555=@&/
0 ? 9/ 0 //=@:/
1GG)?GG & 55555 =&&/
1G% @5! 555555555 =??/
@! @5!
) 0D5555555555=://
8 9/ 2, 2%'; $ *=////=1&//
0.E 9G
555555555 =1?/
0.E ?GG 0D55555555 =1//
@!)1GG ?5%;%5: 5555=:/
?% 15!
) 0D =//
%GG ! ,> 0D 555555555=@9/
1&555555555555555555555555=1@/
&DQRQ
@!)9G & 55555555555555555555=%/
@!)!G ?5%;%5:5555555555555=?/
6 !G 6 5555555=@// 1@G)?GG @5! 555555 =1?// *88 %G @5!
55555555 =%// 0.E %:
",8(5 =@@/ ?% @
) 0D 5555555=1!/ 1:55555555555555555555555555=// ?1 15! *-*>
*.> 5=9&/
0E 5555555555555555555555=// +9?$!?? !5 /4 *=//=&// ?% @ 55555555555555555555555=1&/ @GG55555555555555555555555555=%/ ?1 15! *-*>
) 0D55 =:?/
&G & 5555555555555555555555=@// + ? 9/ (1* ////////=?// 9 0E ,+ 0D55555555=@// :GGG 0E5555555555555555 =?// ?%)!G &;%5: 55555555555=&/ ?GG 55555555555555555555555555555=// ?% @5! *-*>
) 5555=@//
%G ?5% 5555555555555555555=1&/ 8??$?? /4 ///=@/// :5@ 0E ,+ 555555555555=&&/ 9 0E
) 0D 5555 =&:/ &G @5!
)555555=1%/ )? "*>8 "? 0D 555555555555=1@/ ?%)!G "&;%5:55555555555555555=@/
11G &5% -70 555=?&/ %GG &5% 555555555=@&// @! @5! 8(*"> 0D 555 =9&/ : 0E 0D 55555555555=@// %G 15&
) 0D =@@/
)& "*>8 "?555555555555555555555=&/ &G @5! *-*>
) 5555=@&/
1?% &
) 555555555555=@&/ :GG !555555555555555555555555555=?&/ 9$3? 8/ 5!/ *=////=&9/ % 6 1!)%% 6 1:5555=@:/ %G 15& 0D5555555555=1//
)1@ C*. 755555555555555555=&/ &? 15/ *-*>
*.> 5=%?/
1%G ?5% 5555555555555555555=9/ 15&D 0.B 0D 55=1:/ ?% @ 3? -4 5555555555=&// % 0E5555555555555555 =@1/ %G 15! 0D 555555=1?/ )1% 55555555555555555555555555=@/ &? 15/ *-*>
) 0D55=&?/
1%G & 55555555555=1&/;1// @D 0.B5555555555555=1&/ 4? 9/ %) 7: -8(. // =&// *88 ?@ 15!
) 0D555=?:/ %G 15! 0D555555555555=9/ )1: 55555555555555555555555555=&/ %G)1?% @5!
*.>55 =%&/
@GG &5%
) 0D55=1// @D 0.B5555555555555555555555=// 9G)@GG & 3? -4 55555=@&/
5 %G 15! 5555555555555555555555=:/ )19 ",8(555555555555555555=&/ %G)1?% @5!
) 0D 5 =&&/ a
@D 0.B 7> 7
) 555=19/
@%G & 3? -4 5555555555=?// E.D 9GG* 6 9GG 5=:/ %%)@GG &;%5: 555=// )19 , 55555555555=@% 9G @5! *-*> 555555555=?&/
0,70* + 55555555555555=@%
1G)@& ?5%;&5% * =@&/ ,,0C8 0D55555555555555555=// 9GG* 0E 555555555555555555=&/ %%)?GG &5%;%5: )@/ , 55555555555=?/ 9G)@GG &;%5:55555555555555=:/
1?% + 55555555555555555=11/
* 1@G 5555555555555=9/
+3$ ? 9/ % ////=@!/
+$93? 8/ 54/8 % /=@?/
.', "*. 7 555555555555=1&/
9D* 0E55555555555555555555555=&/
E.D % 0E 55555555555555555=?/
5555555555555555555=1//
:G @5!
) 0D 5555=?1/
$! 4= (" %) %7 8 /////=//
): ,,0C8 5555555555555=1:/
9G)?GG &;%5:55555555555555=9/
!G)@GG &59;%5:55555555555=&/ 1LNRQ
1@G 55555555555555=&/ 9$8?? 8/ 54/8 %// =19/ 088 . *'*270 555555=19/ %G%* A2 75555555555555555555 =@% :G @5! -*705555555=1// )& ,,0C8 5555555555555=1:/ 1GG)?GG &;%5:555555555555=9/
,*. 7*8- 0D 555=:/
9G)?GG &;%5: * 5=9/
*.0,> A>0- > 7 555=&/ %GGG* 0E5555555555555555555=1/ 9G)@GG @5! 5=9//;1@// )1@ 55555555555555555555555555=@/ @GG @5!
*.> 0D 5=%&/
7*8- 7,E5555555555555=9/
/G @5!555555555555555 =1//
*.0,> ,8(- > 7 =1&/ ?GG* 0E 555555555555555555=1/ 9G)@GG @5!
)555=/// )11 55555555555555555555555555=//
7*8- *. 75555555555=:/
.>D *'*>, 820>
=@&/ 19)?% @5!;&55555555555555=@&/ 9G)@GG @5! 5=%//;!//
! &
) 0D 555555555=1//
>F ?!: 5555555555555=&/ )@ >7.8-*>> 7555555555=!/ .>D 820>- > 7 55555555=// 9?$8 8/ 5!/ $ *=//// =@&/ 3?$8?? !/ 5 /4 /////=?1/ ?G 0E 0D 555555555555=@// 1@)@& &;%5:
*.>55 =&//
70 8( 55555555555555555=%/ &?G 0D 55555555555555=1:/ *'1%2 '2#(71 0 +?// =// @&)%G & 55555555555555555555=1&/ 9G)?GG &5%;%5: 5=1@/ ? 0E 0D 55555555555555=@// %G)@GG &;%5: 5555555=//
.8 00 :%)!G 55555555=@G &?G .0. *'*>, 55555555=?/ +0.* @&!555555555555555=&/ 9!$+? 8/ 5!/ *= ////=19/ 3?$8?? !/ 5 /4 *= ///////=:/ 1 6 1&)&@55555555555555555=1&/ 1G% @5!
) 0D55=?@/
*
0>07C*. 755555=1&/ %&G .0. *'*>, 55555555=&/ +0.* ?%! 0D 55555=1:/ @!)!% ?5%;&5%55555555555=1@/ ?$9?? 9/
$ //// =%// %GG 0E 5555555555555555555=:/
19)%G @5! *555=@&/
2 '7*2 555555555555555=:/ %!G 0D 555555555555555=@9/ +0.* &G!555555555555555=// ?%)9G & 5555555555555555555555=?/ !G)@GG @5! 1 >0A(55=@&/ ?GG 0E 5555555555555555555=:/ 8#++
4=3
0,70* + 55555555555555=@%
%!G 0D 55555555555555555=@?/
)1& 7*.' 555555555555=@9/
+0.* %G! *. 5555=@1/
+0.* %G!5555555555555=1!/
?%)9G ?5%;&5%5555555555555555=@%
?%)!G "&;%5:55555555555555555555=@%
!G)&GG &5%;%5: 555=%//
1G% @ 55555555555555555=%//
/)1! &;%5:5555555555555555=@//
11)@@ @5!;?5%
) 55555=&:/
6 1 27*8- 555555=@//
6 1 27*8- 555555=1// 1LNRQ
2 7*2 55555555555555555=&/
4$# ?%)1G% ?5%;&5%55555555555555=// 1G% @5! .0. 5555=?&/ 1@):G @5!;&5% 0D 5=%// 1GGG 0E (755555555555=9/ ϮϬϬŵŵ ĨϮ
/G 0E 0D 55555555555555=9/ %%)11G &5% 0D55555555=?9/ %G @5! -70 55555555555555=19/ @GG @ 5555555=@&// 1&)&@ ?5%;%5:5555555555555=&/ ?G 0E 555555555555555555=%/ &^ sZ/
1 0E 87A""E55555=@/// 1 0E 55555555555555555555555=9/ =7 7:
!?+5958 ///////=:/ 9%)?GG &5%;%5:55555555555555=9/ 9??$!?? ! // =&1// 1&)&% ?5%;%5:5555555555555=// 19 & *8( E
) 555555=?//
1
0E 0D55=@@// 0E 55555555555555555555555=&/
4$#
!% 15& 0D 55555555555555=:// 9??$!?? ! $// =@/// 1&)%G ?5!;%5:55555555555=1// @! ?5% 555555555555555555555555=&/
1
0E 55555555555=:// @& @5! 5555555555555555555=9/ :&% 70 0E5555555555555=19/ +??$8?? !/ 5 /4 /////=@1/ ?GG & 5555555555555555=99/ ?% ?5% 555555555555555555555555=// @!)!G ?5%;&5%5555555555555=&/
1
0E 0D555=?&/ @! @5! 5555555555555555555=&/ :&% 70 6 !G @5! 1GG)?GG &5%;%5:5555555555=1@/ &GG @5! 55555=%&// &G)1%G ?5%;&5%55555555555=?/ &%)1@% &;&5%555555555555=1@/
9 0E55555555555555=?//;&// ?%)1G% ?5%;&5% 55555=// 6 1@G 6 27*8-5555=@// %GG ! 0D 5555555555555555555=?!/ &GG @5! &G)1%G &;%5:55555555555555=?/ %G 159 5555555555555555=%/
%
0E 0D 555=1!// %G 15& 5555555555555555555=// :&% 6 !G 6 C*. 7555=1// 15&D 0.B 555555555=1//
*.> 0D 555555555555555555=/&// %G @ -70 55555555=@// %G 159 555555555555555555555555=&/
%
0E 0D 5555=1G// !G)@GG & 55555555555555555555=:/ :&% 0E 55555555555555555=1@/ / '7*2555555555555555555555555=1&/ :GG & 5555555555555555=%/// %G)@GG @5!;?5% 555=?// %G @ 555555555555555555555555555=?/
%
0E 0D 5555555 =?// 1?% ?5% 55555555555555555=?/ :&% A2 7 0-255555555=19/ 1GGG; 07 555555555555=1% 19 0D555555555555555=@:/ 9G)?GG &;%5: 0D55555=@?/ %% 15! 555555555555555555555555=&/
9G 0E
) 0D 5555555 =:&/
%G 0E 0D 5555555555555 =@//
@GG @5! 0D 5555555555555=@?/
@ D> . 7 5555555555555=:/
:&% A2 7 0E55555555555=!/
%G & 8(*">555555555555555555=@&/
1!)%% ?5%;%5:
555555=?/
@G 555555555555555555555=??/
@G 0D55555555555555555=1:/
9%)?GG &5!;:59
=@//
@%-- D> >A 555555555555=9/
1GG & - 555555555555555=1&/
1?% ?5% 5555555555555555555555=?/1LNRQ
&G 0E 0D 5555555555555 =1// :G)?GG &;%5:555555=:/ %% @5! 5555555555555555=9/;// 1!)9G ?5%;%5: 5555555555=&/ .+0
9 55555555555555555=:/ *'- ?G 15&
5 =19/ &GG):GG !;1@55555555555=@&/
@G 0E 55555555555555555555 =1&/ "*>8 1 7,E 555555555=9/ %%)11G &5% 55555555=1//;@// 1!)@GG ?5%;:5? 555555=1// )?: ",8( 5555555555555555=11/ 1GGG 11 5555555555555555555=://
?GG 0E 55555555555555555555 =9/
0>07 7*B
55555555555=&/ 1G%)@1G &5% 555 =19/ %G 15! 5555555555555555555555=9/ 1G)@G &;%5: 55=@:/
A>0 ,,0C8 0D555555555=//
)1 555555555555555555555555555 =?/ *. 7 5555555555555555555555=1/ 1%G @5! 55555555555555555=@&/ 9G)@GG @5! 0D55555=1@// +$8 +/ $// =&9/ . )? 0E 5555555555=// 1 6 1 ; 55555=11/
)@5555555555555555555555555 =%/ .', "*. 7 55555555555555=&/ 1%G ?5% 5555555555555555555=9/ 9%)?GG &5%;%5:555555555555=1?/ +$9?? 8/ 54/8 *=//////=1?/ . )
1 6 1&)&@
)5 =1&/ 7 0.B 7> 7 @D 5555=9/
)@ 555555555555555555555555555 =?/ ''*<2 0 2'% :, ///////=!/ @1G &
) 5555555555555555=9/
1!)@%G ?5%;:5? 5 =@?/ . )
1 0E555555555=// 7 0.B 7> 7 :@555555=:/
)?5555555555555555555555555 =?/ )1 20C 7 008> 755=:/ D> A 1 @ ? ( =@/ @!)1?% ?5!;%5: 55555555555 =9/ @&)9G @5!
=&9/ 1@)&G @5! 70
)55555=:?/ .', "*. 7 1GGG555555=&/
)& 555555555555555555555555555 =&/
, 2,A8 @D 0.B 7> 7 55=&/ %G 15& 55555555555555555555555 =1&/ @&)9G @5! 555555555555555=@&/ 19 @5! 5555555555555555555555=1@/ 4$#
)% 555555555555555555555555555 =&/ 1// 5555555555555555555555555555=&/ *B*>7 @D 0.B 7> 7 55555=?/ %G @5! -555 =1&/ ?G 15& 55555555555555=1&/ @% 15! 0D 555555555555555=@@/ :&% 0E55555555555555555=?//
): 0D 555555555555555555 =11/
)9 555555555555555555555555555 =//
@&&55555555555555555555555555555=@/
?GG555555555555555555555555555=&/
&G1 27*8- 0D 5=19/
27*8- :&% A2 7 5555=9/
%%)@GG &;%5: 55555555555555 =:/
9G @5! 5555555555555=1:/
%G @5! 5555555555555=1?/
9G)@GG @5! 55=%//
9%)?GG &5!;:59 555555=@//
. @ 555555555555555555555=1@/
1@G *.8 7>555555555555555555555=&/
4$#
1LNRQ
'%) ,1%2( -4! :,1. //////=?/ + ?$ ?? 54/8 // =&// 9G)?GG &;%5: - 5555=// 9 '7*2
)5555555555555=11/ :&% 6 9% @5! 555555555555=@&/
? 6 )@ 555555555=@?/ 1?9 A7>F 0E5555555555=?/ :&%;1GGG;
55555=&/ :GG ! 55555555555555555555555=@// !G)&GG &;%5: 5=?//
? 2> 7555555555555555=// &%)!% &5% 55555555555555555=@:/
? 6 )1 555555555=1// 9$3? 8/ 5!/ $//// =?&/ 0,7*0 + &G155=@/ 15&D 0.B 5555555=1&/ 1G% @5! 555555555555555=@&/
1%G ?5% 6655555555555=1&/
? 5555555555555555555=//;1&/ %G 15&
) 55555555555=1// 0,70* + 55555555555555=@/ @D 0.B 555555555555555555=// 1@G)?GG @5! 5=///
)@ 0E5555555555555=1&/ @GG & 55555555555555555555555=1&/
1. 0E 5555555555555=1@/ ?:G ",8(
) 0D555=// 1@G .8 7> 55555555555555555555=@G
9G)?GG &;%5: * 5=!/ 1@G)?GG @5! 5=9//
)@. 0E (7
)5555=@1/ @D 0.B 7> 75555555555555555=19/
? 0E 555555555555555=1@/ %GG ! -*77075=&/ &G1 1@G 0D555=&/ , 2,A8 15&D 0.B5555555=:/ 1@G)&GG ?5%;%5: 55=&//
)@. 0E (70- 55=1:/ 1@G .8 7>
) 0D 55555555=&/
% 0E 55555555555555555=?/
1@G + 555555555555555555555=?/ , 2,A8 @D 0.B5555555555=9/ 1%G @5! 0D5555=?//
)@. 0E ,+555555=1&/ 43
?GG 0E55555555555=@/ @ 0E 0D5555555555555555=// *. 7 5555555555555555555555555=9/
)&* +/!= 1* 8?? //// =1&/ 1%G)%GG %5:;:5? 55=&//
)@ (7 0E 55555555555=1@/ &% &55555555555555555555555555=@&/
:GG;%GG ;0 5555=@G 1:)%G ?5%;%5:
) =1// :&% C*. 7 &G1555555=// :GG 3:GG*455555555555555=@/ ?GG @5! 555555555=1?//
)1 0E (7;,+ 55=1@/ 1:% & , " ,> 8> 5555555=@&/ 352
1& @5!
*.> =1?// 1! @
) 0D5555555555555=@//
4=4
*. ?%G*555555555555555555555=@G 15&D
) 5555555555555=1?/
)1 0E (70- 5555=1@/ @GG & ,> 8>55555555555555=1:/ /(16
1G)@@ ?5%;&5% 0D =?&/ 1!)%% @5!;&55555555555555=@// ??G ; 6 5555=1?/
*. ?:GG 55555555555555=&/ 15&D 0.B 555555555555555555=// @1 ?5%
) 0D5555555555=@9/ @GG & 7,E555555555555555555 =// %2'<
1:)?% @5!
*.> 0D5 =!// @9 @5! ,+
)55555555555=@&/ ??G ; 6 5555=1//
*. %@GG*555555555555555555555=?/ @D 0.B5555555555555=1%/ @! @5!5555555555555555555555555=&/ ?GG & 7,E 87A""E55555 =//
1:)?% @5! 0D55555=!:/ %G)@GG ?5%;&5! 0D55=?9/ ??G 0E 6 55=1&/
*. %&GG55555555555555555=:/
@! ?5%5555555555555555555555555=?& .>D 7 7 0.B 15&D55=@&/ +,5(
19 &
*.> 0D =1?// :G @5& 55555555555555555=?@/ %% &5%55555555555555555555555=1//
*. %:GG
) 555555=1@/ 19)%G @5! *5555555555=1// @!)&! & 5555555555555555555555=// @D 7 7 0.B 7> 7 5555555=19/ ŵĂŝů ĨŽƌ
19)&G & 55555555555555555=&&/ *88 1@ @5!
) 5555555=%&/ :% ?5% 0D ,> 555555555=1//
*. 1@GG *.'",8(555555=:/ 1!)@%G ?5%;:5? * 0D5=19/ ?% @ 5555555555555555555555555=1&/ A>0 D> >A 8 5555555555555=&/
+3$ !5 /4 ///// =1&/ 1GG8 8*,B 7 0D 55555555=%&/ :% ?5% 8 7B* 55555555=1&/ 1!)@9G ?5%;:5? * 55=@?/ ?% @5! 8(*">555555555555555=?@/ *B*>7 @D 0.B 5555555555555=&/ ĚĞƚĂŝůƐ %
1!)%% ?5%;%5: 5=9/ @G 8*,B;,+ 0D555555555=@9/ !G @5! ,> 8 7B* 5=1?/ ? 0E 0D55555=///;1@// @&)1?% ?5%;%5: 0D 5555=11/ ?%)9G ?5%;&5%5555555555555=9/ 0,*.' "0A8 (00555555=9/ ^ƵďũĞĐƚ ƚŽ
1!)%% ?5%;%5:
55=// 1G ,+ 0D 555555555555555=19/ 1G% ?5%555555555555555555555=1@/ @ 0E 5555555555555555=&&/ :G @ *
) 0D55555555555=@&/ ?%)9G & 5555555555555555555555=9/
1!)%% ?5%;%5: 55555555=%/
1!G &5%555555555555555555555=1&/ @ 0E5555555555555555555=@// /G @5! * 0D555555 =@&/;@// ?%)1G% ?5%;&5%55555555555=9/ 0C .8 -*.*
%GG ĂǀĂŝůĂďŝůŝƚLJ
@&)9G @5!
55555555=9// @%G %5: :!G 5555555555=// @%G "&5% ,> 8 7B* =@&/ !GG 0E 0D 55555=1?// /G @5!55555555555555555555555555=1// %G 15! 555555555555555555555555555=@/ >(7 ( +*> 555555555555=///
9!$ 8/ 5!/ 2%';5'&///=1&/ :&%
)555555555555555555=?&/ 9 ? !/ 1'> 21;%// =19/ !GG 0E 0D55555555=1?// 11)1: @5! 705 =?&/ %G ?5% -705555555555555555=!/ 0C .8 827*>
%GG 6HQVRU
@&)1G% &
) 555555555555=&//
%G 15& 5555555555555555555=@?/
:/G
55555555555=:9/
:/G
555555555555=&//
7- . 755555555555555555=&/
3 4=3
9GG 0E 0D555=://;!&/
:GG 0E 0D5555555555=9&/
1:)%G @5! 705 =?&/
!G)&GG &5%;%5: 55=@&/
9%)1%G & 0D 5555555555555=&/
1?% @5!55555555555555555555555=//
>C*. ( +*>55555555555555=&9/
.> 7#> > ,,7 :GG &OHDQLQJ
:G @5! -55555555=@&/ :/G
) 0D5555555=&// &? &5% 6 0D5555555=!// ?GG8 0E 55555555=?//;&//
1!G @5!555555555555555555555=@// >(7 ( +*> 555555555555=?// ĂƌƌŝĞĚ ŽƵƚ ŽŶ
:% @5!
*.> 0D =9&/ %G &5% 6 55555555555=:// ?GG 0E 0D5555555555=?// )@&5555555555555555555555555555555=&/ @GG "&
) 555555555555555555555=// ƚŚĞ ƉƌĞŵŝƐĞƐ
3?$9?? 9/ $////=1?&/ @%&G555555555555555555555 =@// 1%G &5%
)555555555555555=?// %1GG 0E555555555555555=@&/ )@%5555555555555555555555555555555=&/ ?GG &5% 0D 5555555555555=1// 88 0E ,+ 87A""E 55 =// ƉƉŽŝŶƚŵĞŶƚ
9G)@GG @5! 0D 5=9// ?@GG 555555555555555555555 =@// @1G ! 6 0D
) 55=&// %GGG 0E555555555555555=1// )@95555555555555555555555555555555=?/ *'- %GG 95@ 555555555=1&/
9G)@GG & 5555555=:// ?%&1 555555555555555555555 =?// .07-* +*> 55555555555555=&/ /G 0E5555555555555555555=1// )@/5555555555555555555555555555555=9/ @!G $8(55555555555555555555=&/ 0
0
ŽŶůLJ
DĂŝů ŽƌĚĞƌ ƵƐĞĚ ŝƚĞŵƐ ƐŽůĚ ŽŶ ϭϬ ĚĂLJ ĂƉƉƌŽǀĂů ZĞƚƵƌŶ ŝŶ ΖĂƐ ƌĞĐĞŝǀĞĚΖ ĐŽŶĚŝƚŝŽŶ ĨŽƌ ƌĞĨƵŶĚ ŝĨ ŽŶŶĞĐƚ ŶŽǁ ǁŝƚŚ LJŽƵƌ YZ ĂƉƉ
ŶŽƚ ƐĂƚŝƐĨŝĞĚ ;ƉŽƐƚĂŐĞ ŶŽƚ ŝŶĐůƵĚĞĚ % ŵĂŝů ŽƌĚĞƌ ŽŶůLJ4 ^ƵďƐĐƌŝďĞ ƚŽ ŽƵƌ ĞŵĂŝů ŶĞǁƐůĞƚƚĞƌ % ďĞ
ĂŵŽŶŐƐƚ ƚŚĞ ĨŝƌƐƚ ƚŽ ůĞĂƌŶ ĂďŽƵƚ ƐƉĞĐŝĂů ŽĨĨĞƌƐ ĂŶĚ ƉƌŽŵŽƚŝŽŶƐ % ĂƐŬ ƵƐ ĨŽƌ ĚĞƚĂŝůƐ ΘK ǁǁǁŵŝĨƐƵĚƐĐŽŵ
7KH 8.V /DUJHVW 8VHG
(TXLSPHQW 6SHFLDOLVW
7KH 25,*,1$/ FRPPLVVLRQ VDOH VSHFLDOLVWV
:H DOVR 3$57 (;&+$1*( DQG %8< )25 &$6+
*RRG TXDOLW\ HTXLSPHQW DOZD\V ZDQWHG
. &' #''
<,=0 ,1!"< 8888888888888888888888888888888888888888888889 B>2 #&00 48E
. 888899 @
,1C+ B4 4(2 + B4 E>2 >LLL 3!J 1/J888888888888888888888888888888888888888888899 BD#2 3G 4(L + /.88888888888888888888888888888888888888899 B4E
> L8>EI /. 3!J 1/J888 9 @ 99 B4 L22 + B4 422
4(00 E8# 888888888888888888888888888888888888888888888
,1C+ B(22 <,=0 ,1!"< ,8888888888888888888888888888888888888888888888889 B&2 #&00 48( ",==888888888888888888888888888888888888
,1C+ B?22 >4LL 3!J 1/J888888888888888888888888888888888888888888899 B?E2 3G 42L /F"8888888888888888888888888888888888888888888899 BE2
? L8>EI *<30" 3!J 1/J888888888888888888888888888I B?E&
4?+&L00 D8&+&8? 8888899 @
,1C+ B4E2 + B422 ?>00 /3=" 5 3 488888888888888888888888888888888888888899 B42 2L00 E8#
<3 0<31 888888888888888888889 BEL2 #L 3!J 1/J8888888888888888888888888888888888899 B4(2 + B4&2 3G 4 + /.8888888888888888888888888888888888888888888888889 B2
(+E /. 3!J 1/J 88888888888888888888888888888888888889 B((2
4#+4D&00 D8&+&8? 88888888888888888888899 B&D2 ?>00 /3=" 5 3E8888888888888888888888888888888888888888889 B4& 2L00 $E8# *,$C888888888888888888888888888888888888
,1C+ B>#2 #LL 3!J 1/J8888888888888888889 @
,1C+ B4 4#2 + B4 &22 3G E + /.8888888888888888888888888888888888888888888888889 B2
(+ /. 3!J 1/J 888888888888888888888888889 B&(2 + B&22
4#+&&00 E8#+( 88888888888888899 @
,1C+ BE>2 + BE22 "1= 33! &L00 88888888888888888888888888888888888888899 B4& 4LL+(LL00 (+?8>888888888888888888888888888888888888888889 B442 #LL 3!J 1/J88888888888888889 @
,1C+ B4 D#2 + B4 >22 3G D + /.888888888888888888888888888888888888888888888888899 B4&
( *<30" 3!J 1/J 88888888888888888888888888888888888889 B&&2
4#00 E 88888888888888888888 99 @ 1F="! BEE2 + BD42 <3=*!" 888888888888888888888888888888888888888888888888888888889 BE& 4LL+(LL00 (8&+&8?
9 @
,1C+ B>(2 + B#(2 3G D + /.888888888888888888888888888888888889 @ 99 B4&
E *<30" 3!J 1/J 88888888888888888I @ 9 BD22 + B((2
&L+EDL00 (8&+?8> 99 @ 1F="! B4>2 + BE(2 <3=*!" + <""18888888888888888888888888888888888888888
,1C+ B22 4LL00 E8#
<3888888888888888888888888888888899 BE>2 !1"%.' ,! <,31 "/C .8888888888888888888888888888888888888888888888888I B4& "I< 9 &L00 E 9 /=*888888888888888888888888889 B>22
&&+ELL00 D8&+(8# 88888888888888888888888888899 BD22 F"< J"5,"" $3< (& <,=0 8888888888888888881F="! B( 4#L00 D8&
<3
88888889 @
,1C+ B?22 + B>>2 )!%# 4 3!J 1/J888888888888888888888888888888888899 B4E2 <,31 "/C . 88888888888888888888888888888888888888888888899 BEL "I< 3!J 1/J 888888888888888888888888888888888888888889 BD>2
## 4E00 E8# 3F,C 8888888888888888888888888888
,1C+ B 3!J 588888888888888888888888888888888888888888888888888888899 B& ELL+&LL00 &+?8D , 0<3188888888888899 B(22 D 3!J 1/J 88888888888888888888888888888 9 @ 99 BE22 + BD(2 *3C3 53<C *3F/!"< 4E 88888888888888888888888888888888
,1C BEL "I< ,0,C"! !,C,3188888888888888888888888888888
,1C BE (22
&L00 E8# 3F,C 88888888888888888888888888888888888888
,1C+ B?D2 DLL00 E8#
8888888888888888888888888888888899 BD L22 DL 9 4(+(E008888888888888888888888888888888888888888888899 BD#2 "K3 4(L + /.888888888888888888888888888888888888888899 B4L 9 (L00 E 8888888888888888888888888888888888888888888888889 B(22
#$# !'.#' (LL00 E8#
88888888888888888888888888888888889 B( D22 DL 3!J 1/J 8888888888888888888888888888888888888888888888899 BD(2 C"/C* "53<C"< ELL 888888888888888888888888888888899 BD2 E400 E8# =5*
/.899 @
,1C+ B4 (22 + B4 ?22
#'' *-&' 4?L 5""!/,C" 8888888888888888888888888888888888888888888888888899 B& (LL00 E8#
888888888888888888888888888888888888889 BE (22 DLL 3!J 1/J 88888888888888888888888888888888888888888888888889 B22 C"/C* "53<C"< DLL 8888888888888888888888888888888899 BD2 E400 E8#
/. ?,C 88888888888888889 B4 L22 + B4 E(2
)!%# >+4(00 ( F,.3 88888888888888888888899 B>#2 ELL 5""!/,C" 88888888888888888888888888888888 9 @ 99 B2 + B4& (LL00 $(
888888888888888888888888888888888889 BD #&L DDL 3!J 1/J 8888888888888888888888888888888888888888888888899 B&2 35/3!"< <3 >L888888888888888888888888888888888888888899 BD& E400 D8( 9 4EEEE#
3F1C 888888888888888
,1C+ B>22
44+EE00 E8#+D8& F,.3 888888899 @
,1C+ BE>2 + BD(2 E>L 5""!/,C" 888888888888888888888888888888888888888888888899 B&2 (LL00 $&8?
888888888888888888888888888888888888888889 B#(2 (LL 9 4(+(E00888888888888888888888888888888888888888888889 B4(2 <353/,= 4ELL 5C35 )8888888888888888888888888888888899 B4& E(00 E8# =5*
/.88888888888899 B4 D22 + B4 (22
4E+?L00 E8#+( 88888888888888888888888888888889 BD(2 DLL 5""!/,C" 8888888888888888888888888888 9 @ 99 B4E + BE2 ?LL00 (
8888888888888888888888888888888888899 B& (22 (&L 9 4(+(E00888888888888888888888888888888888888888888889 B422 1,
"=="1)"< 3<! ) 888888888888888888888888899 BE2 E#00 E =5*
/. ?,C8888888899 B4 >22 + B4 #(2
4(+(&00 D8&+&8? F,.3 8888888888888888888888888888888899 B(2 D#L 5""!/,C" 8888888888888888888888888888888888888888888888889 B?2 ?LL00 (
888888888888888888888888888888888888888889 BD (22 &LL 9 4(+(&00888888888888888888888888888888888888888888889 B4E2 E#00 E8# =5*
/. ?,C8888888888888888888899 B4 4#2
4(+&(00 E8#+D8&
. 8888888888888888888888888888888899 BED2 (DL 5""!/,C" 8888888888888888888888888888888888888888888888889 B#2 3053="< "1= J88888888888888888888888888888888888888899 B(2 &LL 9 4>8&+(&008888888888888888888888888888888889 @ 99 B22 ''!! E#00 E8#
/. 88888888888888888888888888888888888888889 B>(2
4(+&(00 E8#+D8& F,.3 88888888888888888899 B4&2 + BE(2 (DL 5""!/,C" 88888888888888888888 = ""1 @ 99 BD& + BD2 <,),1/ "1= J8888888888888888888888888888888888888888888889 BD2 &LL 3!J 1/J 8888888888888888888888888888888888888889 @ 99 B>2 E 65)<!"!7 3!J 9 2L <,=0 9
)K,1" E#00 $E8#
3..3<8888888888888888888888888888888888888889 BE22
E&00 E8# F,.3 88888888888888888888888888888888888888888899 B4D2 (#L 5""!/,C" 888888888888888888888888888888888888888888888899 B22 ?EL 9 4(+(E0088888888888888888888888888888888888888888899 BE22 888888888888888888888888888888888888888888888888888888888888888888899 B4 E#2 D&00 48( =5*
/.8888 9 @ 99 B4 #22 + BE 4(2
D&+4LL00 E F,.38888888888888888888888888888888888899 B4 422 &(L 5""!/,C" 8888888888888888888888888888 9 @ 99 BD2 + B&2 #$# !$#/&,&' ?EL 9 4(+(E00 9 (L+4&L008888888899 BDD2 + BD(2 E 3!J 9 <,=0 9
) 8888888888888888888888888888899 B4 E&L D&00 48( /. 888888888888888888I @ 9 B4 4(2 + B4 4&L
D&00 D8&
<3 F,.3888888888888 9 @ 99 B442 + B4(2 &&L 5""!/,C" 888888888888888888888888888888888889 B442 + B4(2 48(I IC"1!"<888888888888888888888888 9 @ 99 B4E2 + B4(2 ?EL 9 4(+(&00 9 (L+4&L0088888888888888888888889 BE#2 E 305/"C"888888888888888888888888 9 @ 99 B4 &22 + B4 2#2 D&00 E =5*
*<30"888888888888888888888888
,1C+ B4 E(2
(L+4&L00 D8&+(8& F,.3 88888888888888888888888888888899 B&2 &#L
. 5""!/,C"88888888888888888 9 @ 99 BE42 + BE(2 48(I
. IC"1!"<888888888888899 @
,1C+ B4?2 + B422 $( ,= 3!J 1/J8888888888888888888888888888888888889 B22 4 3!J 9 2L <,=0 8888888888888888888888888888= ""1 B(22 &L00 48( =5*
/.88888888888888888888888888899 B4 #22
(L+4&L00 (+&8? F,.38888888889 @
,1C+ BD2 + B?2 &#L 5""!/,C" 888888888888888888888889 @
,1C+ B4(2 + B4>2 EI IC"1!"<888888888888888888888888888 9 @ 99 B4E2 + B4(2 4L 3!J 1/J888888888888888888888888888888888888888888888889 B4E2 4 3!J 1/J888888888888888888888888888888888888888889 @ 99 B?#2 &L00 48( =5*
/. ?,C888888888888888888
,1C+ B4 #22
&L+ELL00 E8#+D8& F,.3 888888888888888888889 @ 99 B(E2
D
<3/,C"8888888888888888888888888888888888888888888888888899 B&2 EI
. IC"1!"<888888888888888899 @
,1C+ B4>2 + B422 DL /. 3!J 1/J888888888888888888888888888888888888
,1C+ BED2 E#00 ( 8888888888888888888888888888888888888888888899 BE (&L &L00 E
/. 8888888888888888888888888888899 B#22 + B222
>L+DLL00 (+&8? F,.38888888888888899 B4#2 + B422
+4(
<3 ,1)/,C"88888 99 @ 1F="! BDE2 + BD(2 EI 31G"<C"< <3DLL "1.388888888888888888888888899 B>2 & /. 3!J 1/J888888888888888888888888888888888888888899 BE#2 D&00 D8& 88888888888888888888 9 @ 99 B4 4#2 + B4 D#2 &L00 E
/. ?,C 8888899 @
,1C+ B4 L22 + B4 422
2L+E&L00 E8# F,.388888888888888888888888888899 BE (22 +E <1=0,CC"< 8888888888888888888889 @ 1F="! B?2 + B22 EI
> 31G"<C"< "1.3 88888888888888888888888888888888899 BD2 & = 3!J 1/J8888888888888888888888888888888888888888888
,1C+ B&(2 &L+44L00 D8&+(8& 88888888888888888888888888888889 B4 #&L &L00 E8&
/. ?,C 88888888888888888888888888888
,1C+ B>(2
4( F,.3 "/" 31G"<C"<8888888888888888888888888888899 B422 (DL /=* 8888888888888888888888888888888888881F="! B(2 48(I 53 31G"<C"< ,)088888888888888888888899 B22 > 3!J 1/J888888888888888888888888888888888888888888888888899 BE?2 &L00 D8& 888888888888888888888888888888888888888888899 B4 E22 &L00 E8#
*<30"8888888888888888888888888888888888899 B
E& IC"1=,31 F" 8888888888888888888888888888888888888
,1C+ B>2 (DL /=*888888888888888888888888888888888888888888881F="! B?2 9 4#+&&0088888888888888888888888888888888888888888888
,1C+ B4(2 4EL00 (
<3888888888888888888888888888888888899 B4 >22 2L00 E
+ /.88888888888888888888888888888888888888899 B>22
# 4(+4&L00 D8&+&8? =5* <,3+/0< &LL /=*88888888888888888888888888888888888888888899 B>2 #$#
#.! ) && 9 4#+&&00 888888888888888888888888888888888899 BED2 48>I 31G"<C"<88888888888888888899 @
,1C+ B?22 + B? 2&2 2L00 E8& /. ? 88888888888888888888888888888888899 B2(2
888888888888888888888888888888888888888888888888888888888888888888888899 B>(2 &LL /=* 88888888888888888888888888888888888888899 B>2 2L 3!J 9 C.888888888888888888888888888888888888889 B442 >LL 3!J 1/J888888888888888888888888888888888888888888888889 BE(2 2L00 E8# /. 88888888888888888= ""1 @ 9 BE22 + BD(2
E&00 48( F00,/FI 88888888899 @
,1C+ B(&L + B&22 &LL /=*888888888888888888888888888888888888888888888888889 B(2 2L 3!J 1/J 8888888888888888888888888888888888888888889 B?2 + B22 >> 3!J 1/J8888888888888888888888888888888888888888888888899 B((2 ''!! %# <, /0< E#@D&@&L (88888888888888888899 BE D22 + BE ##2
+4 EI <31C 31G"<C"<88888888888888888888888899 B>2 &DL /=*888888888888888888888888888888888888888888889 B&2 4 /. 3!J 1/J88888888888888888888888888888888888888889 B422 2LL 3!J 1/J88888888888888888888888888888888888888888888899 B>22 51 9 (&00 (88888888888888888888888889 B4 D#2 + B4 (#2
E(00 48( 88888888888888888888888888888899 B4#2 %! (&LL 00"<*"! /=*88888888888888888889 BE2 4 /. 3!J 1/J8888888888888888I @ 9 B4&2 + B4#2 DL00 &8? =5* 9 ,1!"<8888888888899 B4 (22 + B4 #22 &' #''
# ) 3053="<888888888888888888888888888899 B?2 + B>2 FC3 4E ,1),)*C8888888888888888888888888888888888888899 B22 4 :." /,!; !,C,31 3!J8888888888888888888888888889 BE(2 .
." $&", 2L00 (8888888888888888888888888888888888889 @
,1C B422 + BD(2 E400 ( D0888888888888888888888888I @ 9 BD22 + B&22
$
(L
<3 /=* 4 /. 3!J 1/J88888888888888888= ""1 @ 9 B22 + B4(2 ?2L 9 ( "1="=8888888888888888888888888888888888888888889 B4 (22 2L00 ( F-,1318888888888888888888888888888888888888888888889 BED2 E400 (
8888888888888888888888888888888888888888888888889 B&22
#''
&$ *-&' 88888888888888888888888888888888888888888888888 99 @ 1F="! BD2 + B(( 4 /. 3!J 9 E ,1!"<88888888888888888888888888888889 B?2 ?>L 9 33!8888888888888888888888888888888888888888888899 B4 E(2 (&@2L00 "1C<" ,/C"<8888888888888888888888899 B4L2 + B442 E(00 E8#
888888888888888888888888888888888888888888899 B222
)!%# 4E+(L00 E8#
8F,.388888888888888888899 B&(2 DEL /=* 8888888888888888888888888888888888888888888888888899 BE& 4 /. 3!J 9 ,1!"< 88888888888888888888888888888888I B&2 ?2L
. 88888888888888888888888888888888888888888888888899 B?22 (200 @.J %/C"<88888888888888888888888888888888888888888899 BE2 E#+>L00 D8&+(8&
888888888888888888888888888888899 BD(2
4E+&L00 D8&+?8D
F,.3 88899 @
,1C+ B4(2 + B4#2 $* &L +4 ,),/888888888888888888888888888888888888888889 B442 4 /. 3!J 1/J8888888888888888888888888888888888888888888I B(2 ?2L
888888888888888888888888888888888888888888888888888889 B&(2 E#00 E8# *,$C 888888888888888888888888888888888888889 B#22
4(+(E00 D8&+&8? + ,/G"<8888888888888888888888899 B4D2
## ,#?? /=*88888888888888888888888888888888888888888899 B22 4 /. 3!J 1/J8888888888888888888888888888888888888888889 B(2 ?2L
. 88888888888888888888888888888888I @ 9 B(&L + B?22 & $&", E#00 E8# D0888888888888888888888888888888888888888889 BE>2
4(+&(00 E8#+D8& F,.3 9
E !5C"< 88899 B4#2 +4( ,1)/=*8888888888888888888888888888888899 B(2 + B&2 4 *<30" 9 ,1!"< 88888888888888888888888888888888888I BD2 ?#L
.4 305/"C"8888888888888888888888888889 BD22 + B(22 ,!" 9 D&00@(>00@?&00 888899 BE 222 D&+>L00 D8&
518888888888888888888888889 BE(2 + BE>2
4>00 E8#
8F,.3 + /. 888888888888888888888888
,1C+ B442 *<30" 3!J 1/J 888888888888888888888888888888888888888I BD2 ?#L
. 305/"C" 88888888888888888888888888888888888899 B&22 (&
313<,/8888888888888888888888888888888888888888888888899 BE(2 D&00 D8& *,$C888888888888888888888888888888888888888889 BE(2
4>00 E8#
8F,.3 + ,/G"< 888888888888888899 B#2 + B4L2 #$# , .,$ $.' #'' *<30" 9 &L00 48# @3.88888888= ""1 B&2 ?#L
. 305/"C" 888888888888888 9 @ 99 B?(2 + B>22 (&
313<,/ 8888888888888888888888888888888888888888888888899 BD22 D&00 ( F<C)31 *1",!"< 88888888888888888899 BD22
E&00 48#
8F,.3 + ,/G"< 888888888888888888888888
,1C+ BE(2 4L+4>00 D8&+(8& ,=* J" 3.,1 88I "03 B&E2 "//,I 9 &L00 48#88888888888888888888888888888888888= ""1 B?2 &L00 &8?
6?#L788888888888888888888888888888888888889 BE?2 ) (& ,"/! 0"<8888888888888888888888888899 BE ##2 &L00 48(
8888888888888888888888888888888888888888888889 B?22
(L+4&L00 (+&8?
8F,.3 888888888899 @
,1C+ B442 4L+EE00 D8&+(8& 888888888899 @
,1C+ BD&2 + BD22 "//,I 9 � 48E88888888888888888888888888888888888= ""1 B22 4D&00 &8? 6?#L7 88888888888888888888888888889 B22 + B4(2 (& ,"/! 0"< 88888888888888888888888888888888899 BE (22 ?L00 E8# D0
<3 8888888888888888888888888888889 BE22
(L+4&L00 (+&8? F,.3 9
E8888888888888899 B#2 4E+E(00 ( 3.,188888888888888888899 BE22 EL00 D8&
<35*3C3 "1= 4&L00 (8& 6?#L7 88888888888888888888888888888888888889 B4?2 (& ,"/! 0"<8888888888888888888899 BE (22 + BE >#2 ?L00 E8#
<3 9 F"8888888888888888888888888899 BD22
(&00 48#
8F,.3 8888888888888888888888888899 @
,1C+ B4(2 4D&00 E
88888888888888888888888888888888888888888899 B&22 888888888888888888888888888888888888888888
,1C+ @ 1F="! B4E& + B4(2 4&L00 (8&
6?#L7888888888899 @
,1C+ BE(2 + BD22 "# 4LI#
313<,/ 9 "==3<,"=888888899 B#22 >L+E4L00 ( D0 888888888888888888888899 BD(2 + B((2
&L+ELL00 E8#+D8& F,.3 9
E 88888888888888889 B((2 4(00 E8#
888888888888888888888888888888888888888888I B?22 E(00 E8# 8888888888888888888888888888888888888888881F="! B4?2 4#L00 &8? 6?#L7 8888888888888888888888888888888888899 B4(2 40 ,/ 9 <,53!
3F1C8888888888888888888888888888888888899 B(& >L+D&L00 (8& 0<31 8888888888888888888888888888888889 B4?2
>L+DLL00 (+&8? F,.3 9
E88888888888899 BE42 4(00 $E8#
88888888888888888888888888888888888899 B4 D(2 E#+&&00 D8&+(8& 8888888888888888888888888888888888888889 B(& 4#L00 &8?
6?#L788888888888888888888888888888888899 B422 (& ,"/! 0"< 888888888888888888888888888888888888888899 B>(2 >&+ELL00 (8& D0 88888888888888888888889 B4E2 + B4(2
>&+DLL00 (8#+?8>
8F,.3888888888888888
,1C+ BDL2 4&00 E8# ,=*"J" 888888888888888888888888888888888899 BD#2 E#+#&00 ( 8888888888888888888888888888888888888888888888889 B>2 42L00 # 3$C 3F= 6?#L788888888888888888888888888899 B(22 2>L 9 4L&00 D8& 8888888888888888888888888888= ""1 BD(2 #L+ELL00 (8& D0 88888888888888888888889 B4#2 + B422
>&00 48# ,/G"<
8F,.3 99 @
,1C+ B&>2 + B 4?+D&00 E8#
8888888888888888888888888888888888899 B&22 E#00 E8# 8888888888888888888888888889 @ 1F="! BE& + B&2 E4L00 &8? 6?#L7 888888888888888 9 @ 99 B4D2 + B4&2 2>L 9 2L00@4&L00@E4L00 "1="=88888888888889 B>&2 #L00 48( D08888888888888 9 @ 99 B4 E22 + B4 &22
# 4E+D&00 E8# <,3 4?+D&00 E8#
88888889 @
,1C+ B>>2 + B>22 D&+>L00 D8&+(8& 8888888888888889 @ 1F="! BE& + B(2 E&L00 &8?
6?#L7888888888888888888888888888888888889 B422 "1C<" C1!<!8888888888888888888888888888888888888888888888899 B22 2L00 E8# D08888888888888888888888888888889 BE22 + BD(2
8888888888888888888888888888888888888888888888899 @
,1C+ B?E2 + B?>2 4?+&L00 E8# <3 3.,18888888888888888899 BDE2 D&+>L00 ( 88888888888888888888888888 1F="! B?& + B#2 "1C<" C1!<! 9 &I( "//3H= 88888888888888888888888889 B22 2L00 E8#
888888888888888888888888888888899 BD22 + B(22
4E8&00 4E D!8888888888888888888888888888888888888888
,1C+ B442 4>+(L00 $(
8888888888888888888 9 @ 99 BD#2 + B(E2 &L00 D8&
<3 9 F"88888888888888888881F="! B4(2 , ' % ' &I( "1*
313<,/88888888888888 9 @ 99 B((2 + B&22 4LL00 (
<3 D0 88888888888888888888888888888889 BD(2
4(+4(L00 (+&8# 8888888888888888888888888888899 BE#2 4>+#&00 D8&+&8?
888888888888888899 B4(2 + B4&2 >L+4&L00 (8& 88888888888888888888888888888888888888888889 B42 $ D4+DD .5.88888888888888888888888888888899 BD2
313<,/ 888888888888888888888888888888888888888888888888888889 BE22 4L&+E#L00 (8E <,3
8888888888888888888888889 BE (22
4(+(E00 D8&+&8? =5* 88888888888888888888888888899 B>2 4>+#&00 (+&8?
8888888888888888888888888888888889 B4E2 >L+E4L00 D8&+(8& 53 ,)0 9 @ 1F="! B(2 + B?2 ,C"+(# 888888888888888888888888888888888888888888888888881F="! B(2 ) 33= &I(
313<,/ 88888888888888888888888888888899 BE(2 4D&00 E8# E0888888888888888888888888888888888888899 B422
4(+(&00 D8&+&8? <,3 88888899 B4L2 + B4E2 4>00 $(8L 88888888888888888888888888888888888888
,1C+ B4 D#2 >L+E4L00 ( 888888888888888888888I @ 1F="! BE& + B#2 '!" 305F!J *3C3 4&L + /. 8888888888899 BD& (&
888888888888888888888888888888888888888899 BE(2 4D&00 E8# D088888888888888888888888888889 B4>2 + BE(2
4(00 E8& =5*888888888888888888888888888888888888888888899 B4E2 4#+ELL00 D8&+?8D , 0<31 >L+E4L00 (+&8? ,)0888888888888888888888888888889 B4& 305FC<".."< + /.8888888888888888888888888888888899 B&2 (&
,C 88888888888888888888888888888888888889 BD?2 4#L00 E8# D088888888888888888I @ 99 BE22 + B(22
EL00 48> 1." 888888888888888888888899 B4#2 + BE42 88888888888888888888888888888888888888888888888= ""1 @ 9 B&2 + B4L2 >&+ELL00 (8& 88888888888888888888888I @ 99 BE& + B(2 305FC<".."< /F= + /. 88888888888888888888888899 B>2 ,"H (&
313<,/8888888888888888888888888888888888881F="! BD(2 4#L00 D8( 53 D08888888888 9 @ 99 B?(2 + B?22
E&00 48( F00,/FI888888899 @
,1C+ BE#2 + BDD2 4#+E>L00 D8&+?8D , 0<31888888888888899 B422 >&+DLL00 &8?
<3 1,0"I 88888888888888888888899 B4& =C5. ELL888888888888888888888888888888888888888888888888888889 BD& ,"H (&
313<,/88888888888888888888888888888888888888888889 BE(2 4#L00 ( D08888888888888888888888888888888888888888889 BE22
D&+4LL00 E8# <,3899 @
,1C+ B?(2 + B>E2 4#+&&00 D8&+&8? 8888888888888888888888888888888899 B(2 #L+ELL00 ( 88888888888888888888888888888888888888888888889 B>& =C5. E&L + /.888888888888888888888888888888888888888889 BD& " E
313<,/888888888888888888888888888888888888888888889 B>22 E&L00 ( D0888888888888888888888888888888888888888899 BE22
(&+4&L00 (+&8? =5* 88888888888888888888889 B4E2 4#+&&00 D8&+&8? 88888888888888888888888888888
,1C+ B?2 #L+ELL00 ( 88888888888888888888888888888888881F="! B422 /,5=,!" ELL + /.88888888888888888888888888888888888888888889 BD& 3/$ &I(
313<,/888888888888888888888888888888888888888888889 B422 &?L00 &8? "/JC 8888888888888888888888888888888888888899 B&22
(&+ELL00 (+&8? 8888888888888888888888888888888888899 B4?2 4#+&&00 D8&+&8? 888888888888888888888888888888899 B>2 #L+E4L00 D8#+( 0<318888888= ""1 @ 9 B4& + BE2 F0,1 .5.8888888888888888888888888888888888888888888899 BE2 &#$" +E& 9 (>00 &8? 8888888888888888899 B4 E22 48(I 53 IC"1!"< 8888888888888888888888888899 BE22 + BD(2
(&00 E8# =5*
<3888899 @
,1C+ BD#2 + BD22 4#+&&00 D8&+&8?
6
7888888888888888
,1C+ B>2 4LL+DLL00 & ,G,C<888888888888888888888888888888888888899 B(&
,1, <".."< + /. 888888888888888888888888888888889 @ 99 B4& <!1 F5"< 3/3<
313<,/9 BE(2 + BE#2 EI IC"1!"< 888888888888888888888888888889 @
,1C+ B(2 + B4E2
>+4(00 ( <,3 888888888888888899 @
,1C+ B?#2 + B>E2 EE00 E
8888888888888888888888888888888888
,1C+ B442 + B4E2 4LL+DLL00 &8? 8888888888888888I @ 1F="! BD2 + B22
,1, <".."< + <""1888888888888888888888888888888889 @ 99 B4&
=C"< "*1,. /==,888888 9 @ 99 BE 4&L + BD 222
IC"1=,31 F" "C 88888888888888888888888
,1C+ B?2 E(+4L&00 (
888888888888 9 @ 99 BD#2 + B(22 4LL+&LL00 &8?+# 3=,1 8888888888888888888888881F="! B22
,1, <".."< 8888888888888888888888888888888888888888888888889 B4& F5"< "*1,. ,"/! 0"< 888888888888888888888889 B(22
"1 )(
4200 E8# 888888888888888888888888888888
,1C+ B>2 E(+ELL00 D8&+&8? 3.,188888888888888881F="! B4E2 4LL00 (
<3 9 F"89 @ 1F="! B442 + B422
,1, <".."< /==, 888888888888888888888888888888888888888899 B42 "*1,. 9 2L00 D8E888888888888888888888888888888889 B((2 <3 305/"C"8888888888888888888888888888888888888888888888889 BE(2
$" E&00 L82& 3.C3188888888888888888899 B(#2 E(00 48(
888888888888888888888888888888888888888
,1C+ B>(2 4D&00 D8& @/3.88888888888888888888888888888888888888888889 BD& CF<" <".."< 888888888888888888888888I @ 99 BD2 + B&2 <3 3/! !,C,3188888888888888888888888888888
,1C+ B>(2 + B2(2
E(00 48(
8888888888888888888888888888888
,1C+ B2D2 DLL00 E8# 3.,1 88888888888888 1F="! B&(2 + B&22 <,31 <".."<88888888888888888888888888888888888888888888888888899 B4& & $&", #'' <3 305/"C"8888888888888888888888888888888888888888888888888889 BE>2
$#1 #'' E(00 E8# 888888888888888888888888888 9 @ 99 B4?2 + B422 DLL00 &8? ,G,C< 8888888888888888888888888888888888888888899 B(& *3C3 <".."<88888888888888888888888888888888 9 @ 99 BD2 + B(( " (>00 &8? F5"< 1)F/318888888888899 BD(2 <3 3!J 9 9 4EL
) 88888888888888888888888889 BE(2
4?+&L00 D8&+&8? 8888888 9 @ 99 B4(2 + B4&2 E(00 D8& 888888888888888888888888888888888888888888889 B>D2 DLL00 &8? @/3.88888888888888888888888888888888888888888889 B(2 *3C3=53<C ELL8888888888888888888888888888888888888888888
,1C B>2 (>00 &8? F5"< 1)F/31 888 9 @ 99 B&22 + B#(2 &L00 (8& 888888888888888888888888888888888888888888888= ""1 B>2
4?00 E8# "I "1=88888888888888888899 @
,1C+ B>2 + B22 E(00 D8&
. 88888888888888888889 B4 L(2 + B4 L22 DLL00 &8? 88888888888888888888888888888888888888889 B&2 + B>2 *3C3C<".."< + <"J 888888888888888888888888888888888888888888I BE2 ?&00 &8? F5"< 1)F/31 888888888888888888888888888899 BE22 >&00 (8& @ *,$C88888888888888888888888888888888888888889 BD(2
4#+&&00 D8&+&8? 888888888888899 @
,1C+ B>2 + B#2 E#+ELL00 D8&+&8?
888888888888888888888888888888889 B4D2 *3C3C<".."< 8888888888888888888888888888 9 @ 99 BD2 + B>2 >E00 &8? F5"< 1)F/31 8888888888888888888888899 B#(2 4(L00 (8&
<388888888888888888888888= ""1 B>2 + B22
E(00 48# 888888888888888888888888888888888888888888888888899 B((2 E#+>L00 E8?+E8# <3 3.,1 88888888881F="! BE22 ,! "&' *3C3C<".."< 9 "1= =" ( 88888888888888888888888I BE2 >&00 # F5"< 1)F/31 8888888888888888888888888= ""1 B4(2 4#L00 (8&888888888888888888888888888= ""1 @ 9 B?2 + B4(2
E#+>L00 D8&+&8? 8888899 @
,1C+ B4#2 + B422 E#+>L00 E8#
8888888888888888888888888888888888899 B((2 4L 3!J 1/J888888888888888888888888= ""1 B>2 <,0F= + /.888888888888888888888888888888888888888888899 BD2 #L00 &8? 53 ,),C<888888888888888888888888888888888899 B>(2 4#L00 (8& 888888888888888888888888= ""1 @ 9 B>& + B4(2
D&00 E8# 88888888888888888888888888888
,1C+ B(D2 + B((2 E#+#L00 E8# <3 88888888888888888888888888888888899 BE>2 4
. 3!J 1/J888888 = ""1 @ 99 B422 + BD(2 <3 <".."< ?LL 88888888888888888888888888888888888888899 B4>2 #L00 &8?
<3 J00<88888888888888888888899 B&22 E4L00 (8& 5388888888888888888888888888888888888888888
,1C+ BD(2
&&+E4L00 (8&+?8D 888888899 @
,1C+ B4D2 + B4(2 E#+#L00 E8#+(
88888888888888888888888888888888889 BDD2 4
. 3!J 1/J 88888888888888888888888889 @ 99 B?#2 <3 <".."< 8888888888888888888888888888 9 @ 99 B>2 + B4E2 4LL00 &8? J00<88888888888888888888888888888888888899 B4E2 E&L00 (8&8888888888888888888888888888888888888888888888= ""1 B22
&&00 48# 8888888888888888888888888888888888888888
,1C+ B&>2 E#00 E ",==888888888888888888889 @
,1C+ B(22 + B>(2 4
3!J 1/J88888888888888888888888888= ""1 BE42 3//,1) 305FC<".."< 88888888888888888888888888888888889 B>& 4EL00 &8?
.<3 J00<
888888888888888888899 B&22 E&L00 (8& 8888888888888888888888888888888888888888888= ""1 B#2
E#00 E8# *,$C 88888888888888888888888888888888888899 B?22 4
3!J 1/J88888 I @
,1C+ B4 &22 + BE D&L 3G"< /F= + /. 8888888888888888889 @
,1C+ B(2 + B&2 4EL00 &8? F5"< J00<
8888888888888899 B((2 D?L00 ?8D88888888888888888888888888888888888888888888888888889 B422
&$# * D&+4L&00 D8&+(8& 88888888888888888888888888888888888889 BD2 4
. 3!J 1/J88888888888888I @ 9 B(22 + B?#2 35" *3C3 <G"/ D&L888888888888888888888888888888889 B(2 4&L00 (8& "1<888888888888888888888888888888888888= ""1 B22 &LL00 #8888888888888888888888888888888888888888888888888888899 BE>2
3!J 1/J88888888888888888888888888888888888888888888888889 B>2 D&+4D&00 (+&8?
88888888888888888888888888888888888889 B>2 4
. 3!J 1/J88888888888888889 B4 L22 + B4 E#2 /,1)=*3C 4LL 88888888888888888888888888I @ 99 B4& + B42 4&L00 &8? 53 ,),C<888888888888888888888888888888
,1C+ B##2 EI 31G"<C"< 30F<88888888888888888888888888888888888888899 B(&
DL00 D8& ,=*"J"888888888888888888888899 B?22 + B>(2 D&+D&L00 D8&+&8?
8888889 @
,1C+ B?#2 + B>(2 4 3!J 1/J88888888888888888888888888888888888
,1C+ BD 222 /,1)=*3C ELL 88888888888888888888888888888888888889 @ 99 BE& 4&L00 &8? J00<88888888888888888888888888888888= ""1 B22
(L00 ( 888888888888888888888888888888888888888888888888= ""1 B>2 (&00 E8# + 888888888888888888888888888888888888888888899 B#(2 DLL 3!J 1/J8888888888888888888888888888888888888888889 B&2 /,1)=*3C ELE 8888888888888888888888888888888888888888888899 B(2 4#L00 &8? J00< 88888888= ""1 @ 9 B4(2 + BE(2
"1 )(
(&+2L00 (+&8? 8888888888888888888888888899 BD22 + B((2 &L+4D&00 E8# 3.,188888888888888I "03 B(#L DL 3!J 1/J8888888888888888888888888888888888888888889 B442 F5"< <".."<88888888888888888888888888888888888888888888888899 B4E2 E4L00 2 +/<318888888888888888888888888888888888888899 BE42 <3 9 4(L00
<3 9 4EL
)8888888888888888888889 B((2
>L+4(L00 (8& 88888888888888888888888888888888888888899 B&22 &L+ELL00 D8&+(8& 8888888888888888888888888888881F="! B>2 D&L 9 4>+#&008888888888888888888888888888888888889 B4&2 "<C"I ELL 888888888888888888888888888888888888888888888888899 B>& E(L00 &8? J00< 88888888888888888888888888888= ""1 B#2 &L00 (8&88888888888888888888888888888888888888888888888888888I BD&L
4L&00 (8&
<3 8888888888888888888888888888888888889 B422 &L00 48E
8888888888888888888888888888899 @
,1C+ B2(2 D&L 3!J 1/J8888888888888888888888888888888888888888889 B?2 " "<3 >L .5. + <3H1@1888888888899 BD2 " 4&L00 &8? ,1<31 88888888888888888888888888889 B22 &L00 (8& 8888888888888888888888888888888888888889 B4(2 + B422
4&L00 D8& 888888888888888888888888= ""1 @ 9 B(2 + B4L2 &L00 48(
8888888888888888888888888888888899 B422 + BE42 (LL 9 +D <,5 8888888888888888888888888888888899 B4D2 J"<5. ? 8888888888888888888888888888888888888888888888888888889 BE2 E4L00 &8? J00< 888888888888888888888888888888888889 B4#2 >&00 (8& *,$C 8888888888888888888888888888888888888888889 BD22
4&L00 D8& 88888888888888888888888888888888888888888= ""1 B&2 &L00 48# 888888888888888888888888888888888888888888888899 B&2 (LL 3!J 1/J8888888888888888888888888888888888888888889 B22 "/3,CJ 4L /,1) + /.888888888888888888888888888888888899 BD2 2L00 &8? F5"< 1)F/31 8888888888888888888888888888889 B422 4LL+ELL00 &8E 888888888888888888 9 @ 99 BE(2 + BD22
ELL00 (8& 888888888888888888888889 @ 1F="! B442 + BE42 &L00 48#
.4 8888888888888 = ""1 @ 99 B?2 + B4E2 (&L 6 @"!7 3!J 1/J888888888888888888888888888889 BEE2 "/3,CJ ? /,1) + /.88888888888888888888888888888888888899 B4&
#$ #L00 &8? <1!)31 8888888888888889 B4>2 4(L00 (8&
<3 8888888888888888888888888888888888899 BE&2
ELL00 &8? 8888888888888888888888888888888888888888888888899 B4E2 &&+ELL00 (+&8? , 0<318888888888888888888888899 BD2 &L 3!J 1/J88888888888888888888 9 @ 99 BE?2 + BE>2 "/3,CJ > /,1) + /.8888888888888888888888888899 B4& + B42 2L00 ?8# <1!)31 888888888888888888888888888888899 B?22 4#L00 ( 3$C @ 888888888888 9 @ 99 BE(2 + BD22
E&L00 &8? 888888888888888888888 = ""1 @ 99 B>2 + B4&2 &&+ELL00 (+&8? 0<318888888888888888888= ""1 BE2 & 9 +( <,5 888888888888888888888888888888888888889 BD#2 4D&00 &8? 53 ,<31< 888888888888888888888888888899 B&(2 4#L00 (8& 88888888888888888888= ""1 @ 9 B>2 + B4(2
&LL00 # 88888888888888888888888888888888888888888888888888889 BD22 &&+ELL00 (8&+&8?
8888888888888888888888888881F="! B#2 & 3!J 1/J88888888888888888888888888888888888888888899 BD>2 , ' $.!& ' E4L00 &8? ,<31< 888888888888888888888888888888888899 BE(2 E&L00 (8&8888888888888888888888888888888888I @ 9 B22 + B4>2
EI 31G"<C"< 8888888888888888888888888888888888888888888888888889 B&2 &&+ELL00 (8&+&8?
8888888888888888888888888888899 B&2 &
. 3!J 1/J888888 = ""1 @ 99 B&22 + B2E2 "C L2 + /.888888888888888888888888888
,1C+ B(& E(L00 &8? 53 3!)31 88888888888888888888888888888I B4(2 D&L00 &8? 538888888888888888888888888888888888888888888889 B(E2
5""! <,5 88888888888888888888888888888888888888888888I B4& + B42 &&+E&L00 (+&8? 8888888888888888888888888888888899 B#2 &
3!J 1/J8888888888888888888888888888
,1C+ B4 >#2 "C 4E + 1 8888888888888888888888888888888888888888888888888899 B(& E(L00 &8? ,<31< 888888888888888888888888888888888899 B D?L00 ?8888888888888888888888888888888888888888888888888888899 B422
3C3<H,1!"< 8888888888888888888888888888888 9 @ 99 B(2 + B#& &&+E&L00 (+&8? 888888888888888888888888888
,1C+ B#2 ? 3!J 1/J888888888888888888888888888888888888888888889 B2(2 "C D + /.8888888888888888888888888888888888888888888888888899 BE& DLL00 2 53 31<8888888888888888888888888889 BDD& + BD?& 48(I 31G"<C"<888888888888888888888888888I @ 99 B442 + B422
3C3<H,1!"< , 8888888888888888888888888888888888888899 B>& + B>2 ?L00 E8#
<3 888888888888888888888888888888888899 BE(2 > 3!J 1/J888888888888888888899 @
,1C+ B(>2 + B&?2 48( /. + 1G=88888888888888888888888888888888888888899 B442 " E(L00 2 53 ,1<31888888888888888888888888889 B4#2
<3 *!" 88888888888888888888888888888888888888888888888888888889 BE& >L+ELL00 E8#
888888888 9 @ 99 B>#2 + B#(2 % & <3 9
+ELL <,588888888888888888888888888889 BED2 48( *., + JC"I888888888888888888888888888888888888888888899 B22 DLL00 &8? ,1<31 888888888888888888888888888888888899 B422
,&'
<3=*!" 888888888888888888888888888888888888888888888888888888889 BE& >L+ELL00 E8#
88888888888888888888899 B&(2 + B&22 E <3 3!J 1/J888888888888888888888888888888888888888888899 B4(2 !/"J <,),1/ + *., 88888888888888888888888888888888
,1C+ B4D2 DLL00 &8? J00< 888888888888888888888888888888888889 BE(2
<3=*!"
=. E&L00888888888888888888888888888888888899 B& >L+ELL00 (
8888888888888888888888888888888899 B?>2 "%!" 3F< ,1"CJ ,/J 888888888888888888888888
,1C+ B(& D?L00 ?8# J00< 888888888888888888888888888888888889 BE(2
,&' "#,
D#? /=* !5C"<888888888888888888888888888888888888899 B(& >L+ELL00 (
9 67 3//<888888888899 B>42 $# ,! 424 3/!//8888888888888888888888888888888888888888888888888899 B(2 (#L00 2 53 31<888888888888888888888888888888888888889 BD(2 $ FC30"C"< 88888888888888888888888888888888881F="! B>2
C1!<! 3<<"C,31 "1= 8888888888888888888888888899 B4L >L+ELL00 $(
888888888888888888888888888889 @ 99 BD&2
ELL 3!J 1/J 888888 = ""1 @ 99 B4E2 + BE42 $ ,),C/ =" ((D 888888888888888888888888888888888889 BE&
?&00 ( 8888888888888888888888888888888888888899 B((2 ## ,=,I E 88888888888888888888888888888888888888888881F="! BD2
C1!<! ".=C<588888888888888888888888888888888888888888889 B4E >L+DLL00 (+&8? , 0<318888888888888888888888888899 B&2 E 3!J 1/J88888888888888888888888888888888888888888888888889 BDE2 ,),C/ =" ((&88888888888888888888888888888888888888888899 BE& 2L00 (8& 888888888888888888 = ""1 @ 99 BE22 + B&E2 ,),.J888888888888888888888888888888888888888888888888888888888899 BE(2
<,53! !5C"< 888888888888888888888888888888888888888888888899 B4& >L+DLL00 (+&8? , 0<31 8888888888899 BE42 D 3!J 1/J88888888888888888888888 9 @ 99 B4 4#2 + B4 E22 ?2L !,),C/ 3!J 9 "1= =/""G"888888888888888888888899 BE& E4L00 &8? 88888888888888888888888888 9 @ 99 BE22 + BD(2 F15<388888888888888888888888888888888888888888888888888888888888889 B&2
>L+DLL00 $(+&8?
8888888888888888899 @
,1C+ BE(2 DLL 3!J 1/J88888888888888888888888888888888888888888888899 BDE2 /"0"1C= 3G"< >LE88888888888888888888888888888888888888899 BE& % 2L00 # F-,131 8888888888888888899 BD(2 + BD#2 F1=,I888888888888888888888888888888888888888888888888888889 BD2 + B(2
&$# ** >L+DLL00 (+&8?
8888888888888888888888888899 B>#2 DLL 3!J 1/J888888888888888888888888888888888888888888899 B(>2 4E 3/=C"<88888888888888888888888888888888888888888888888888888899 BE2 4EL00 # 88888888888888888888888888888888888888888888888889 BD(2 F1=,I D888888888888888888888888888888888888888 9 @ 99 B(2 + B&2
3!J 9 5""! <,5888888888888888888888888888888888889 B4(2 >L+DLL00 (+&8?
<3 0<31 D4LL 3!J 1/J888888888888888888888888888888899 @
,1C+ B4(2 E4E )888888888888888888888888888888888888888888888888888888899 B42 F1=,I D8888888888888888888888888888888888888888888888888888888889 B>2
>&+4&L00 (8& 888888888888888888888888888888888888888889 BD22 8888888888888888888888888888888888888888888888
,1C+ @ 1F="! B&2 + B?2 DELL /. 3!J 1/J 888888888888888888888888888= ""1 B442 D4E /,1) )88888888888888888888888888888888888888888881F="! B4& ,!
F1=,I D 9 "/" !5C"<8888888888888888888888888888888889 B#2
#L00 E8# 888888888888888888888888888888888888888888888888888889 B#2 >L+DLL00 (8&+&8?
8888888899 B(E2 + B((2 D 3!J 1/J8888888888888888888888888888888888888888888899 B4 222 <,53! 3/!"< $3< F.=.8888888888888888888888888888
,1C+ B4&
6E(L7 /. 3!J 1/J888888888888888888888888888
,1C+ BD #22 ,IC<888888888888888888888888888888888888888888888888888888888888888889 BE&
4(L+E#L00 &8? 8888888888888888888888888888888888888889 BD22 >&+DLL00 (+&8? 8888888888888888888888888888= ""1 B(2 D 3!J 1/J8888888888888888888888888888888888888888888899 B4 ?(2 ,=C@*3F/!"< ?L( ) 8888888888888888888888888888899 B(2
6E(L7 *<30" 3!J 1/J 888888888888888888888888899 BD #22 ,IC30C /=*888888888888888888888888888888888888888889 @ 99 B22
4&L00 ( 888888888888888888888888888888I @ 99 B22 + B4E2 >&+DLL00 (+&8?
8888888888888888888888888888899 B4#2 (L 3!J 1/J88888888888888888888888888888888888888888888888889 B>2 '!" /==,%"! 4?L + <""1
313*<30 /. 3!J 1/J 888888888888888888
,1C B& L22 <,3=,I 88888888888888888888888888888888888888888888888888888888899 B>2
ELL00 (8& 888888888888888888888888888888888888899 B22 + B4E2 >&+DLL00 (+&8?
88888888888888 9 @ 99 B>2 + B#2 &L 3!J 1/J8888888888888888888888888888888 9 @ 99 B?2 + B>2 888888888888888888888888888888888888888888888888888889 @
,1C+ B(2 + B?&
2 /. 3!J 1/J8888888888888 9 @ 99 BE E22 + BE ?(2 F1/,C" 888888888888888888888888888888888888I @ 1F="! B(2 + B>&
&LL00 # 88888888888888888888888888888888888888888888888888889 BE22 >&+DLL00 (+&8?
8888888888888888888888888888888889 B#2 ?L 3!J 1/J8888888888888888888888888888888888888888888= ""1 B&2 305C 8888888888888888888888888888888888888888888888888888889 BD2
# /. 3!J 1/J8888888888888888888888888889 B#(2 + B4 4(2 F<30=C"<888888888888888888888888888888888888888888888889 B42 + BEL
EI "/"31G"<C"< 888888888888888888888888888888899 B#2 + B22 #L+ELL00 E8# 888888888888888888888888888888888888899 B(22 ?LL 3!J 1/J888888888888888888888888889 @
,1C B#(2 + B#22 /,C" + /.88888888888888888888888888888888888888888888888889 BE2 F<30=C"< 9 31"888888888888888888888888888888888889 BE& + BE2
EI "/"31G"<C"< 8888888888888888888888888888888888888888888889 B?2 #L+(LL00 (8&+&8? 3.,18888888888888888888899 BED2 >L 3!J 1/J8888888888888888888888888888888888888888888888888889 B>2 "1= <".."< ?LL 888888888888888888888888888888888888899 B4E2
&'
=C"< 88888888888888888888888888888888888888888888888889 @ 99 B42
<,=0 ,1!"< 88888888888888888888888888888888888888888888889 B#2 #&00 48E
8888888888888888888888888888888888888888899 B#22 >LL 3!J 1/J8888888888888888888888888 9 @ 99 B?22 + B>#2
)+D& *3F/!"< )888888888888888888888888888888888888888I BE2
> L8&#I /. 3!J 1/J88888888888888888888888888889 B4 E#2
=C"< ,1"88888888888888888888888888888888888888888888888888889 BE&
0DLO 7KH .LUN :HVWHU %DOEODLU ( LQIR#IIRUGHVFRP
2UGHU
+RWOLQH %HDXO\ ,QYHUQHVV ,9 %4 )
ZZZIIRUGHVFRP
6HH XS WR LPDJHV RI HDFK XVHG LWHP RQ ZHEVLWH
:HEVLWH XSGDWHV XVHG HTXLSPHQW OLVW WLPHV GDLO\
$OO LWHPV FRPH ZLWK PRQWK ZDUUDQW\ XQOHVV VWDWHG
2XU NQRZOHGJHDEOH VWDII DUH RQ KDQG DQG UHDG\ WR KHOS
=C"< 9 31"88888888888888888888888889 BE& + BE2 4#+>L00 D8&+(8& 888888888888888= ""1 BD2 4L&00 E8#
,<3888888888888888888888888888888888899 BD(2
+D2# 3/! 300"03<C,G" !,C,3188888888881F="! B422 4#00 D8& 8E ",==8888888888888888888888888888888888899 B>22 4D&00 E8# ;!888888888888888888888888888888888888888888888889 B?2
D2# CF!,3 "/FI" 9 /,!" "C88888888888888888899 B#2 EL00 E8# 8888888888888888888888888888888888888888888899 BD(2 4D&00 E8# 8888888888888888888888888888888888888888888899 B4(2
<,1"
"C"< 888888888888888888888888888888888888888888= ""1 B&2 E400 E8# ",==8888888888888888888888888888888888888899 B>22 4D&00 D8& 31 88888888888888888888888888888888888= ""1 B&&
,&' "#,*!' E(+4EL00 D8&+&8? 8888888 9 @ 99 B22 + B4E2 4#L00 E8# 88888888888888888888888888888888888888889 BE22
$ FC30"C"< 8888888888888888888888888888888888888889 B&2 E(+&L00 D8D+(8& 8888888888888888888888888888888888888889 B>2 ELL00 E 8888888888888888888888888889 B2(2 + B4 (22
FC30"C"< 888888888888888888888888888888888888888888888888888I B?2 E(+&L00 D8D+(8& 88888888888888888888888888888888888889 B22 ELL00 (
,<3 888888888888888888888888888888888888888889 B4#2
FC30"C"< 9 & ")<"" ,"H%1!"< 88888888888899 B4E2 E(+>L00 E8# 8888888899 @
,1C+ B#22 + B2E2 ELL00 ( 8888888888888888888888888888888888888888888888899 B4(2
$)(, &
,),/,C" 88888888888888888888888888888888888888888888889 B?2 E(+#&00 E8#+( 8888888888888888 9 @ 99 BE?2 + BE#2 ELL00 &8?
"!,/8888888888888888888888888888888888888889 BD22
DL# /=*0C"888888888888888888888888888888888888888888888889 B>& E(+#&00 D8&+(8& 8888888888888899 BE(2 + BE>2 DLL00 (8& 88888888888888888888888888I @ 9 B4(2 + B4>2
(># ,C"
=C"< <3888888888888888888888888889 @ 99 BE(2 E(00 48( 888888899 @
,1C+ B4 4(2 + B4 4#2 DLL00 (8& 88888888888888888888888888888888888888889 B4(2
"# F/ &
=C"<88888888888888888888888888888888888899 B4(2 E(00 48( 9 ,/C"<8888888888888888888
,1C+ B4 4#2 (LL00 D8& 88888888888888888888888888888888888888889 B#22
/=*0"C"< 888888888888888888888888888888888888 9 @ 99 B?2 + B#2 E#+4LL00 D8&+&8? 8888888 = ""1 @ 99 BE2 + B&2 (LL00 (8& ,..3<+ FC388888888888888888888888888899 B>&L
/=*0"C"< E 888888888888888888888888888888888888888888888888888889 B>2 E#+ELL00 D8&+&8? 8888888888888I @ 99 B22 + B4(2 &LL00 & "'"I 888888888888888888888888888888888888888888889 B((2
## ,),5<3 888888888888888888888888888888888888888888899 B4>2 E#+DLL00 D8&+&8? 8888888888888888899 B&(2 &LL00 # "'"I 8888888888888888888888 9 @ 99 BE(2 + BE#2
F1=,I 888888888888888888888888888888888888888888888888889 B(2 + B&2 E#+DLL00 D8&+?8D , 0<31888888888888888899 B4E2 ?LL00 ( 9 DLL 31G"<C"< 88888889 B4 >(2
$)# !(
F1=,I 9 "/" CC*0"1C 888888888888888888888888888889 B>2 E#+>&00 E8# , 0<3188888888888899 B422 + BE42
F/C,=,I888888888888888888888888888888888888888888888888888888888888889 B22 E#+#&00 D8&+(8& 8888888888888888888888888888888888888889 B?2 !1"%.'
#''
,IC30C ,),C/ 88888888888888888888888888888888899 B442 + B4E2 E#00 E8# 8888888888888888888888888888888888888888888888899 B4D2 E#+#L00 D8&+(8E 888888888888888888888888888888888888899 BD&
C</,C"8888888888888888888888888888888888888888888888888888888888899 BE?2 E#00 E8# 88888888888888888888899 @
,1C+ B4(2 + B4?2 D&+>L00 ( F,.3888888888888= ""1 @ 1F="! BE2 + B#2
,&' %$,
,&' D&+4D&00 D8&+(8& 888888888888888888888888889 B>2 + B22 D&00 E8# F,.3 *,$C 88888888888888 9 @ 99 BEE2 + BE(2
,),+53C (##
"C"< 888888888888888881F="! B4&2 D&+>L00 E8# 8888888888888888888888888888888888888888899 B42& &L+E&L00 & F,.38888888888888888888888888899 BE22 + BD(2
!$ 4 53C0"C"<88888888888888888888888888888888888899 B#2 D&+>L00 E8# 8888888888888888888888888888889 BED2 + BE22 ?&+ELL00 ( F,.388888888888888888888888888888888888888889 B4(2
## 53C0=C"<888888888888888888888888888888888888888889 B422 D&+>L00 D8D+(8& 8888888888888888888888888888888888888889 BD2 #L00 (
<3 F,.388888888888888888888888888888888888889 B4>&
$ 53C0"C"< 888888888888888888888899 @ 1F="! BE(2 D&00 48(
0J1)888888888888888888889 BE22 4#L00 E8# F,.3 8888888888888888888888888888888888888888889 BD(2
53C0"C"<
88888888888888888888888888888888888888888888888888889 B4>2 D&00 48( 888888888888888888888888888888888888888
,1C+ B2&L ELL00 ( F,.3 888888888888888888888888888888888888888888888889 B(2
D&00 48# 88888888888888888888888899 B4L2 + B442
#$!,*$#1 .,$ $.' #'' D&00 E8#
<3 3.,1 8888888888888888899 BE(2
#,0 )
44+4#00 $(8&+&8? 31J88888888888888888888888888899 BDE2 (L00 E8#
,<38888888888888888888888888
,1C+ B4E& ?(& 3!J 1/J888888888888888888888888888888888888888888888889 BD(2
4D&00 48# 88888888888888888888888888888888888888888888899 B#(2 &L00 48( 8E ",==8888888888888888888888888888888888899 B(E2 (&+#&00 (8& 8888888888888888888888888888888888888888888889 BE#2
4>+D&00 E8#+( 8888888888888888888888899 B4>2 + B422 &L00 $48# 8888888888888888888888888888888888888888888888899 B>2 (&00 E8# 88888888888888888888888888888 9 @ 99 B4&2 + B422
4#+ELL00 D8&+?8D 88888888888888888888888888888888899 B4(2 &&+ELL00 (+&8? 88888888888888888888888888899 B&2 &&00 E8# 888888888888888888888888888888888888888888888888899 B4>2
4#+E&L00 D8&+?8D 31J88888888888888888888888899 BED2 &&+DLL00 (8&+&8? 88888888888888888888
,1C+ B4(2 #L+4?L00 (8& 888888888888888888888888888888889 BE#2 + BE22
4#+&&00 D8&+&8?
888888888888888888888888888888888899 B?2 ?L00 E8#
,<38888888888888888888888888888888888899 BE(2 4EL00 (
<3 888888888888888888888888888888888888899 B>22
4#+>L00 D8&+&8? 88888888888888888888888888888888888888889 B(2 ?L00 E8#
,<388888888888888888888888888888899 BE?2 4&L00 D8& 8888888888888888888888888888888888888889 @ 99 B4&2
4#+>L00 D8&+&8? 31J888888888888888888888888888899 B&2 >L+ELL00 E8# 88888888888888888888888899 B#(2 ELL00 ( 8888888888888888888888888888888888888888888888888899 B4>2
E(+4L&00 D8&+(8& 8888888888888888888888888888888888889 B4E2 >L+ELL00 E8# 888888888888888888888888888888
,1C+ B#(2
E(+4L&00 D8&+(8& 31J88888888888899 B4>2 + BE(2 >L+DLL00 (+&8? 888888888888888899 B4E2 + B4(2
#,0 )(
E(+>L00 E8#
31J888888888888888888888899 B4 L#2 >L+DLL00 (+&8? 888888888888888888888888899 BE>2 ?> 3!J 1/J 88888888888888888888888888888888888888888888888889 B&22
E(00 E8# 88888888888888888888888888888888888888888888888889 B4(2 >&+E(L00 (8&+&8? 888888888888888 9 @ 99 B(2 + B&& ?I>
,<<3< 5 3!J 1/J88888888888888888888888888888888889 BE22
E#+>&00 E8# 888888888888888888888888888888888888888888899 BE(2 #L+ELL00 E8# 888888888= ""1 @ 9 B422 + BE22 D&00 (8& ,=*"J" .F0<
E#+>&00 E8#
31J88888888888888888888888888888899 BD22 #L+ELL00 (8&+&8? 888888888888888888888888888888888889 B&2 88888888888888888888888888888888888888888= ""1 @
,1C+ B4(2 + B(22
E#+#L00 D8&+&8? 8888888888888888888I @ 99 BE& + BD2 #L+(LL00 (8&+&8? 8888888888888888888888888889 B(?2 (&00 (
888888888888888888888888888 9 @ 99 BE42 + BE>2
+
E#+#L00 D8&+&8? 888888888888888888888888888899 BE2 + BD& #L+(LL00 (8&+&8? 3.,18888888888888888888899 BE(2 &LL00 &8?8888888888888888888888888888888888888899 B((2 + B#22
E#+#L00 (+&8? 888888888888888888888888888888888888888899 BE2 #&00 48( 888888888888888888888888I @ 99 B&(2 + B>(2 &&00 (8888888888888888888888888888888888888888888888888= ""1 B4(2
E#+#&00 D8&+(8& 8888888888888888888888888888888888888889 B>2 #&00 48( 888888888888888888888888888888888888888
,1C+ B##2 &&00 (
88888888888888888888888888888888888888888= ""1 B4(2
E#00 E8# 8888888888888888888888888888888 9 @ 99 B>2 + B#2 #&00 48( ",==88888888888888888888888888888888888888"H B>22 4LL00 (
<3 9 44 31G"<C"<88888888899 BD22
DL00 E8#
<3 31J 88888888888899 @
,1C+ B442 #&00 48( 8E ",==8888888888888888888888888888888888899 B>(2 4D&00 (
<388888888888888888888888888888899 B422 + BE22
D&+4L&00 D8&+(8& 88888888888888888 9 @ 99 BE2 + B>2 2L00 E8&
<3 8888888888888888888888888888888889 B4>2 4D&00 (
<3 .F0< 888888888I @ 9 B4E2 + B4(2
D&+>L00 D8&+(8& 8888888888888888888888888888888888888889 BE& 2L00 E8#
<38888888888888888888888888888888889 B422 4&L00 E8# .F0<88888888888888888888888888888888888888I B22
&L00 48( 31J 8888888888888888888888888888889 @ 99 B4#2 2L00 E8#
<3 8888888888888888888888888888888889 B4&2
4?&00 E8#88888888888888888888888888888888888888888888888888889 B4E2
&L00 48> 8888888888888888888888888888888 9 @ 99 B&2 + B>2 2L00 (8& +
.<3 *1",!"<8888888888899 B4 2(2 ELL00 (88888888888888888888888888888888888888888888888888888889 B422
&L00 48# 31J8888888888888888888888 9 @ 99 B?& + B#2 4LL00 E
<3 ",== 888888888888888888888888888899 B222 ELL00 (
88888888888888888888888888888888888888888888899 B422
&L00 E8#
<3 8888888888888888888888888888888888
,1C+ B4&2 4LL00 E8# 3.,1888888888888888899 BE(2 ELL00 ( .F0<888888888888 = ""1 @ 99 B>2 + B422
&&+ELL00 (+&8? 31J8888888888888888899 B#2 + B4L2 4L&00 E8#
,<3 88888888888888888888888888888888888889 BE22 DLL00 (88888888888888888888888888888888888888888888888888888889 B422
>L+(LL00 (+&8?
31J888888888888888888888889 B#22 4L&00 E8#
,<38888888888888 9 @ 99 BDE2 + BD#2 DLL00 ( 6 7
888888888888888888888888888888888888889 B222
>&+DLL00 (8&+&8? 88888888888888888888888888888888888889 B(2 4L&00 E8#
,<3888888888888899 @
,1C+ B(>2 DLL00 ( .F0<8888888888 = ""1 @ 99 B4&2 + BD(2
>&+DLL00 (8&+&8? 31J 88888888888888888888888888889 B(2 ELL+(LL00 ( 888888899 @
,1C+ BE 2#2 ?> FC3 "//3H=8888888888888888888888888888888888888888888
,1C+ BE22
>&+DLL00 (8&+&8? 888888888888888888 9 @ 99 B(2 + B#2 ELL+(LL00 &8? 0<31 888888888888888888899 BE(2 EI 31G"<C"< ,G,C<888888888888888888888888 9 @ 99 B(& + B>2
#%(
#L+ELL00 (8&+&8? ,888888888888888888888888888888888888889 BE2 ELL+&LL00 &+?8D , 0<31888888888888889 B(22
4LL+DLL00 (8&+&8? 888888888888888888888888888888888889 B>2 DLL00 E8# 8888888888888888888888899 BD L#2
4LL+DLL00 (8&+&8? 538888888888888888888888888888888889 B22 DLL00 ( 8888888888888888888888888888888888888888888889 BD(2 $!! ''$&'
&LL00 # "'"I 888888888888888888888888888888888888899 BD&L 3053="< 9 ,/C <1=$3<0"< "1= J8888888899 B4E2 EI E#8&00 <3I< /3=" 5 "1="=88888888888888888889 BE&
?I /C" 3/!"<=88888888888888888888888888888888888888888888888889 BE&
" $#1 *
#$!, $# !$#/&,&' J 4 FC3 L8888888888888888888888888888888888888888888888888888889 B4&
EL+(L00 E8# 888888888888888888888888888888888888888888888899 B422 +4> 31G"<C"<888888888888888888888888888888888888888899 BE42 J 4 33!888888888888888888888888888888888888888888888889 BEL + BE&
J 4 ,)*C "//3H 8888888888888888888888888888888888888888888889 B4&
E(+>L00 E8#
88888888888888888888888899 B((2 +EL 31G"<C"<8888888888888888888888888888899 @
,1C+ B422
E#+ELL00 (+&8?8888888888888888888888888888888888888888888889 B(& EI 31G"<C"< "1.388888888888888888888888888888888888899 B(& J 4 <3I< E /3=" 5888888888888888888888888888888888888I B4L
E#+>L00 D8&+(8&888888888888888888888888888888888888888888889 B4& EI
31G"<C"< "1.3 88888888888888888888888888888888888889 BD& J 4 3//",1< E 888888888888888888888888888888888888888888888888I B2
E#00 48# 8888888888888888888888888888888888888888899 BE&2 EI <3DLL 31G"<C"< "1.3 888888888888888888888888888
,1C+ B>2 J 4 "//3H888888888888888888888888888888888888I @ 9 B4L + B4&
&L00 E8#
<3 888888888888888888888888888888888888889 B4E2 J 4 "//3H@<""18888888888888888888888888888888888888888888I B4L
>L+DLL00 (+&8? 53
<3 888888888888888889 @ 99 B>2 $# !'.#' J E ,)*C /F" 4 88888888888888888888888888888888888888888889 B4&
>L00 E8#
<388888888888888888888888888888
,1C+ BE(2 E4 ,1)'=*888888888888888888888888888888888899 B22 + B4>2 J E 88888888888888888888888888888888888= ""1 @ 9 B4& + BEL
4#L00 D8& 53
<3 888888888888888888888888888889 BD(2 E> 5""!/,)*C888888888888888888888888888888888888888888888899 B&2
(LL00 &8?8888888888888888888888888888888888888888888888888899 B4&2 &L 5""!/,)*C88888888888888888888888888888888889 @ 99 B&2
FC< L8>I 31G"<C"<8888888888888888888888888888888888888889 BD22
%" #( &"!&
?LL00 # "'"I 88888888888888888888888888888888888888888899 B4>2 ?LL 5""!/,)*C8888888888888888888888 9 @ 99 B4E& + B4E2 13<0, "! 8888888888888888888888888888 9 @ 99 B?& + B>2
#LL 5""!/,)*C8888888888888888888888 9 @ 99 B4(& + B4>2 ,=C3/ <,588888888888888888888888888888888888888888888888888888888889 BE&
$# 2LL 5""!/,)*C8888888888888888888888 9 @ 99 B422 + BEE2 ,=C3/ <,58888888888888888888888888888888888888888888888888 I @ 9 BE&
? 3!J 1/J 88888888888888888888888888888 9 @ 99 B + B>22 # CC"<J .88888888888888888888888888888888888888888888899 BD& /C" 3/!"< 9 /C"= 888888888888888888888888888888889 BDL + BD&
3//",3<! 4? 31 ,C888888888888888888888888 9 @ 99 B4& + BEL
& 11,G"<=<J 3!J 1/J 88888888888888888888888888888899 B?22 " H,1 &LL /=* 9 <,5 88888888888888888888888899 BE&
& 3!J 9 +DL C,31 ,1!"<8888888888888888888888889 BD(2 ((L /=* 8888888888888888888888888888888888888888888888888888889 B4& 3//",3<! E(31 ,C8888888888888888888888888888888888889 B4& + BE2
! "(
& 3!J 1/J 888888888888888888888 = ""1 @ 99 B4(2 + BE22 $* (L
E /=*888888888888888888888888888888888888888888899 B(2 3//",.,1 4? 318888888888888888888888888888888 9 @ 99 B4& + BEL
3//",.,1 D&888888888888888888888888888888888888888888888889 BEL + BDL
( 3!J 1/J 88888888888888888888888888888888888888888888888889 BE(2
( 3!J 1/J 88888888888888888888888888888888888888888888888889 B4(2
&(
( /=*8888888888888888888888888888888888888888888888888888889 B>2
&(
(, ,),C/ /=* 9 D(LE 888888888888888888888889 B>2 3//",/FI J 4
"C"<8888888888888888888888888888888888888889 B4E&
4LL 3!J 9
4& <,5 8888888888888888888899 B4&2 + B4?2  ,),C/888888888888888888888888888888888888899 B4E2 + B4D2 3//",0"C"< E8# 8888888888888888888888888= ""1 @ 9 BD& + B#&
4LL 3!J 1/J 88888888888888888888888888888888888888888= ""1 B>2
## ,?EE
. /=*8888888888888899 @
,1C+ B&2 + B?2 3//",5< $3< <3I< 4888888888888888888888888888888888888888889 BE&
2L 3!J 9
E? . 888888888888888888888888888888888888I BD2
#LLL IC<"0" /=*)F1 9 DLL + ,.31
,1C+ BE>2
#L4 3!J 1/J 88888888888888888888888888888888888888889 BE2 + BD2 $!!
?L4 3!J 1/J 8888888888888888888888888888888I @ 9 B42 + BD& $#
#.! #'' E8# "13C<88888888888888888888888888888888888888888888888888889 B?(2
E8# "13C< 8888888888888888888888888888888888888888888888888889 B((2
4E+E(00 ( 3.,18888888888888888
,1C+ BE22 D&+>L00 D8D+(8& 888888888888888888888888888888888888889 B&2 <C "3 8888888888888888888888888888888888888888888888888888= ""1 B22
4E+E(00 ( 888888888888888899 BD#2 + BD22 D&00 E 8888888888888888888888888888888888888888888888888889 BE(2 /. J (I(8888888888888888888888888888888888888888888888889 BE22
4(00 E8# =5* 6 7 0<3188888888888888899 BD(2 D&00 E8# *,$C888888888888888888888888888888888888888889 B4(2 J5" D 888888888888888888888888888888888888888888= ""1 B>2 + B2&
4?+#&00 D8&+&8? D&00 E8# *,$C8888888888888888888888888888889 B422 + BE42 J5" (8& 888888888888888888888888888888888888888888888888= ""1 B>2
88888888888888888888888888888888888888888888888888 9 @ 99 BE&2 + BDE2 (D+#?00 D8& 88888888888888888888888888888888888889 B?2 + B>2 88888888888888888888888888888888888888888888888888888888888888= ""1 B>&
4?00 E8# ,=*"J"8888888888888888888888888888888899 B(>2 (D+#?00 D8& 31 8888888888888888888888888888888888888889 B?2 88888888888888888888888888888888888888888888888888888888888888= ""1 B#2
4>+&L00 E8# , 88888888888888888888888888888888888I B4(2 (&00 E8# FC3 88888888888888888888888888888888888888889 B4(2 888888888888888888888888888888888888888888888888888888888888888= ""1 B#2
4>+&&00 E8# 888 9 @ 99 B(22 + B&22 (&00 E8# 888888888888888888888888888888888888888889 @ 99 B4>2
), 88888888888888888888888888888888888888888888888888889 @ 99 B422
"% $)"(
4#+ELL00 D8&+&8? 8888888888888888899 BE(2 &L+DLL00 (8& 8888888888888888888888888888888888888888889 BD22
), 8888888888888888888888888888888888888888888888888888888888889 B422
4#+ELL00 D8&+&8? 88899 BD(2 + BD#2 &L00 48E 88888888888888888888888888 9 @ 99 B((2 + B(22
3!"/ 888888888888888888888888888888888888888888888888888888= ""1 B>2
4#+E>L00 D8&+&8? , 0<318888888888888888889 B422 &&00 E8#
,<3888888888888888888I @ 99 B22 + B4?2 <,),1/888888888888888888888888888888888888888888888888888888= ""1 B>2
4#+E>L00 D8&+?8D , 0<318888888888888889 B4>2 &&00 D8&
,<3 88888888888888888= ""1 @ 9 B(2 + B>2 3//",3<! 8888888888888888888888888888888888888888888888= ""1 B4L2
4#+D&00 $D8&+(8& 88888888888888888888888888888888899 BED2 #L+ELL00 ( 88888888888888888888889 @
,1C+ B22 + BE42 /. 8888888888888888888888888888888888888888888888888888888888889 BD(2
4#+&&00 D8&+& ? 888888888888888888888888
,1C+ B>2 #L+ELL00 (8& 88888888888888888888888888I @ 9 B(2 + B?2 <"J888888888888888888888888888888888888888888888888888888= ""1 B4&2
4#+&&00 D8&+&8? 888888888888888888888888888888
,1C+ B&2 4L&00 48# 888888888888888888888888888888888889 BE22 + BD(2 "/" 3//",'"I 8888888888888888888888888 9 @ 99 B222 + B4 E(2
1"< ! ('%; 6=&
: ' (% &$"'
5 & 7=!6=, 1&%%0
9 )5'5 62=
)''"' ' 0") 5 5
)0(81 1&((5 )0(!
*!!%!! 5 1) 5 : " ;(8 1:"5 -
'00 1 8550 $; 0)%1 5
1 8550 8550 (' ;(80 &0-
*!,%22 5 ' (5 0 1"&"%0 %9% )''"' 51-
*%!!
15;% 50")(1- 0/1
%:;1 0((& (0 ('
( 5 1 :('01 *#(2%22
"' ;(80 -
0(' "0
*!2%22 "&% "1 "%
(0 81"' %0 9;
&0 ' %'1
(&"'5"('1-
+-& *!%!!
" .8%"5; '91 &0
1 "('% 1"':50)0((-
%'1 0"%1 0
0('5 "''0 )($51 (0 %% ( ;(80 0
1)"%%; 1"'
5( 15"%"< 5 &0 *%22 80%:50)0(( '91
"0%11 8)%( ( )"5801 0(& &0 85(&5"%%; 5( ;(80 9" * " 5+ : "% ;(8 1 ((5
"0%11 9":"' ( %13(%01 (' 5 0 "' &0
"0%11 8)%( ( '; % *"&1 (0 &(9"+ 0(& 0 "' &0 5( ;(80 9" *" 5+
"0%11 %5 %1 0(& 0 "' &0
"
#
"
#
Camera Fairs Specialist Repairers
&$0(5$ )$,5 3277(56 %$5
6XQGD\ WK -DQXDU\
(OP &RXUW &RPPXQLW\ &HQWUH
0XWWRQ /DQH (1 %3 0 -
FORVH WR 3RWWHUV %DU VWDWLRQ
$GPLVVLRQ (DUO\ELUG DP
$IWHU DP 5HIUHVKPHQWV
'HWDLOV 3HWHU /HYLQVRQ
7HO
6287+ /21'21 &$0(5$ )$,5
6XQGD\ WK -DQXDU\
%X\6HOO([FKDQJH )LOP'LJLWDO Black & White processing
.HPQDO 7HFKQRORJ\ &ROOHJH
6HYHQRDNV :D\ 6LGFXS -
! 8.#! -.0#^ .×jÂÂ
.HQW '$ $$ ·×?Îà ÂWjÅÅ~ F ÂÎ~² 0j] 楥É
(QWU\ DPSP y¥yÊÉ¥ ÞÞÞ²Þx ÂWjÅÅ~²W²×
(DUO\ (QWU\ IURP DP
)5(( FDPHUD FKHFN DW FDPHUD FOLQLF
,1)2 Insurance
HFDPHUDIDLU#OLJKWDQGOHQVFRXN
ZZZPSSXVHUVFRPFDPHUDIDLU
Classic Dealer
Light Tents
! % ! %! !
! " !
#
$
!
ĖĬĩIJıĦĬīİ
ɡ # !% %! # %
%!
!
ș
#
$
Ș
"
ɡ
! !
%
&
% & &
80 17 January 2015 I www.amateurphotographer.co.uk I subscribe 0844 848 0848
To advertise here, call Andrew Slizys: 020 3148 2637 Email andrew.slizys@timeinc.com
Cameras For Sale Wanted
6(3,$ 0(025,(6
7HO 2SHQ 7XH6DW DP SP
$ 4XHHQ 6WUHHW 0RUHFDPEH /$ (3 PLOHV - 0
$QVFR $JID μ.DUDPDW¶ ZLWK ;HQRQ
%DOGD μ/LHVHWWH¶
%UDXQ 6XSHU 3D[HWWH ,,%/
&&6 ODUJH μ(OHSKDQW¶ EDJ
) 0!3 !()
) ")) &DQRQ7DPURQ $GDSWHU
"
$ $ "% "! " &DQRQ (26 ERG\ 5('8&('
$ $ "%% &DQRQ6LJPD $)
(QVLJQ 6HO¿[ 5('8&('
!
$ $ % !% % *RVVRQ 6L[RQ FDVH
#"-#" 4 "- 3 "- ##
) # ) " /HLGROI :HW]OHU μ0DOLN¶ &UI
#((- 2" #!% & & 0 3HQWDFRQ I PP
0LQROWD $XWR 0N
0LQROWD ;* PP 5('8&('
2 !() 2 ")) 0LQROWD '\QD[ [L
Cameras For Sale
" "" %%!%% 0LQROWD '\QD[ L
%% !%% " 1LNRQ 7&$ $) &RQYHUWHU 5('8&('
&&& " )-#( #( 1)- #0( 2)- #( - -)- %()& :HUUD ÀDW WRS*UHHQ
:HVWRQ 9 &RQH &DVH
" )- (%() " )")#( "" (#!
&&& #( "3- 4 =HLVV &RQWLQD 1RYLFDU OHQV
)(1 #( " 0((4' #( $/ #0( " #(
=HLVV 1HWWDU
/5. "#(#0
# #(-!%-#" $ & 5$+5 +.5+*
)- 222&)()%#-#&#! ! ) ))()%#-#(%&#&0
Final Analysis
Roger Hicks considers…
‘Le Sarto bar’ (2012), by JA
© JULIE ALBAREL
S
ometimes you see a picture not alone: we know no one who survived ‘The genius lies in both the
that makes your blood run it for more than half an hour.
cold: something so staggeringly We had walked past Le Sarto a thousand scale of the collage itself and
brilliant that it makes you times. On the 1,001st occasion, we walked
despair of ever being anything more in. This picture dominated one wall. It
the inspired combination of
than a merely competent photographer. looked far better at 2-3m wide (7-10ft) scales in the smaller images’
You think: nobody should be allowed than it ever could reproduced here,
to be this good. but imagine the full size and you begin but not as big and therefore not as good.
JA’s collages of the café-bar Le Sarto to get some idea of what it might be: If she can keep this up, she is one of the
were an example. This was the biggest, kaleidoscopic, immersive. Le Sarto bar greatest photographic collage artists of
and for my money, the best. is superb. The picture of it is arguably all time: up there with the Russians and
even better. Germans of the ’20s and ’30s, up there
Descent into hell The genius lies in both the scale of the with Vik Muniz, although of course her
We saw it during the annual photography collage itself and the inspired combination style is completely different.
festival Les Rencontres d’Arles, in 2014. of scales in the smaller images that make The vast majority of collages leave me
We had taken refuge in the Le Sarto it up. It’s slightly reminiscent of formal cold, because there is always a temptation
after a descent into hell at one of the Thai painting, where perspective is to judge anything by our own aspirations
official exhibition venues, the Bureau subordinated to the importance of each and potential, and I am not much good at
des Lices. If you think ‘descent into hell’ element of the picture: more important the technique. Then again, very few are.
sounds like something of an exaggeration, elements are rendered bigger, but never But this: this did not leave me cold. Go to
then you have never suffered from in a way we can’t relate to. www.ja-fotografie.com to see if you agree.
claustrophobia, never suffered from the JA (Julie Albarel) is young: mid-20s, If you are in Arles in 2015, don’t walk past
kind of nightmare where every turning, at a guess. This picture may of course be Le Sarto. Go in. I don’t know if there will
every action, makes things worse: the ‘Hot a one-off, a happy accident. But I don’t be an exhibition there, but if you have
Hells’ of Buddhist theology. We had to ask think so. There were others at the same looked at this picture, you should feel
a security guard to lead us out. We were exhibition that were close enough to it, immediately at home.
Roger Hicks has been writing about photography since 1981 and has published more than three dozen books on the subject, many in partnership with his wife Frances Schultz (visit his website
at www.rogerandfrances.com). Every week in this column Roger deconstructs a classic or contemporary photograph. Next week he considers an image by Elliott Landy
Subscribe to *
Visit amateurphotographer subs.co.uk/15E or call 0330 333 4555 and quote 15E
$BOPO N
'3&& $BOPO
PO &' N
N
G- *4 ** 64.
. 4"7&
'*-5 G %0 - 64. *4
" DPNQBDU
NN
NN
N
&3 g
(SPVOECSFBLJOH
ECSFBLJ
FBLJOH TVQFS
TVQF
[PPN MFOT JEFBM GPS UFMFQIPUP MFOTT UIBU
UI
UIPTF TIPPUJOH TQPSUT
DPNCJOFT IJHI PQUJDBM
BDUJPO BOE XXJMEMJGF QFSGPSNBODF XJUI
QIPUPHSBQIZ
QIPUPHSBQIZ QP
QPSUBCJMJUZ
'3&& NN
/&8
g
)0:" 67 '*-5&3
8035) g 8)&/
0OMZ g
-*.*5&% 450$,
*/450$, 431 g
"7"*-"#-&
.&/5*0/*/( 5)*4 "%7&35
:PSL 3PBE
#63(&44 )*--
5FM 3BUICPOF 1MBDF
-0/%0/
3) 55 XXX1BSL$BNFSBTDPN"1 85 +3
"MM QSJDFT JODMVEF 7"5 ! 4FF XFCTJUF GPS PVS PQFOJOH UJNFT GPS CPUI PVS -POEPO BOE #VSHFTT )JMM TUPSFT "MM QSPEVDUT BSF 6, TUPDL &0& 1MFBTF NFOUJPO l"NBUFVS 1IPUPHSBQIFSz XIFO PSEFSJOH JUFNT GSPN UIJT BEWFSU
1SJDFT DPSSFDU BU UJNF PG HPJOH UP QSFTT 1SJDFT TVCKFDU UP DIBOHF DIFDL XFCTJUF GPS MBUFTU QSJDFT
,QWURGXFLQJ WKH
QHZ 6DPVXQJ 1;
60$57 &$0(5$ ZLWK
8+' . YLGHR
5HGHƫQH LPDJH TXDOLW\ ZLWK WKH 03 %6, $36& &026 VHQVRU
+\EULG $) ZLWK SKDVH GHWHFWLRQ FRQWUDVW GHWHFWLRQ DQG FURVVW\SH VHQVRU SRLQWV
)DVW DQG SUHFLVH FRQWLQXRXV VKRRWLQJ XS WR ISV DW IXOO UHVROXWLRQ
&DSWXUH IDVWPRYLQJ DFWLRQ ZLWK H[TXLVLWH FODULW\ DW VHF VKXWWHU VSHHG
%UHDWKWDNLQJ . 8+' YLGHR UHFRUGLQJ LQ +(9& + IRUPDW
/LIHOLNH (OHFWURQLF 9LHZƫQGHU (9) ZLWK DQ XOWUDIDVW UHVSRQVH WLPH RI VHFRQGV
+LJKO\ GXUDEOH GXVW DQG VSODVK UHVLVWDQW PDJQHVLXP DOOR\ ERG\