Beruflich Dokumente
Kultur Dokumente
ACI 308R-01 R08 Guide To Curing Concrete PDF
ACI 308R-01 R08 Guide To Curing Concrete PDF
6IETTVSZIH
+YMHIXS'YVMRK'SRGVIXI
6ITSVXIHF]%'-'SQQMXXII
7XIZIR,+IFPIV 'IGMP0.SRIW
'LEMVQER 7IGVIXEV]
'LEMVSJHSGYQIRXWYFGSQQMXXII
j
(IGIEWIH
8LI XIVQ wGYVMRKx MW JVIUYIRXP] YWIH XS HIWGVMFI XLI TVSGIWW F] [LMGL '328)287
L]HVEYPMGGIQIRXGSRGVIXIQEXYVIWERHHIZIPSTWLEVHIRIHTVSTIVXMIWSZIV 'LETXIV{-RXVSHYGXMSRT6
XMQIEWEVIWYPXSJXLIGSRXMRYIHL]HVEXMSRSJXLIGIQIRXMRXLITVIWIRGISJ {-RXVSHYGXMSR
WYJJMGMIRX [EXIV ERH LIEX ;LMPI EPP GSRGVIXI GYVIW XS ZEV]MRK PIZIPW SJ {(IJMRMXMSRSJGYVMRK
QEXYVMX][MXLXMQIXLIVEXIEX[LMGLXLMWHIZIPSTQIRXXEOIWTPEGIHITIRHW
SR XLI REXYVEP IRZMVSRQIRX WYVVSYRHMRK XLI GSRGVIXI ERH XLI QIEWYVIW
{'YVMRKERHXLIL]HVEXMSRSJTSVXPERHGIQIRX
XEOIRXSQSHMJ]XLMWIRZMVSRQIRXF]PMQMXMRKXLIPSWWSJ[EXIVLIEXSVFSXL {,]HVEXMSRSJTSVXPERHGIQIRX
JVSQXLIGSRGVIXISVF]I\XIVREPP]TVSZMHMRKQSMWXYVIERHLIEX8LI[SVH {8LIRIIHJSVGYVMRK
wGYVMRKxMWEPWSYWIHXSHIWGVMFIXLIEGXMSRXEOIRXSQEMRXEMRQSMWXYVIERH {1SMWXYVIGSRXVSPERHXIQTIVEXYVIGSRXVSP
XIQTIVEXYVI GSRHMXMSRW MR E JVIWLP] TPEGIH GIQIRXMXMSYW QM\XYVI XSEPPS[ {;LIRHIPMFIVEXIGYVMRKTVSGIHYVIWEVIVIUYMVIH
L]HVEYPMGGIQIRX L]HVEXMSR ERH MJ ETTPMGEFPI TS^^SPERMG VIEGXMSRW XS
SGGYVWSXLEXXLITSXIRXMEPTVSTIVXMIWSJXLIQM\XYVIQE]HIZIPST'YVVIRX
{2EXYVEPGSRHMXMSRW
GYVMRKXIGLRMUYIWEVITVIWIRXIHGSQQSRP]EGGITXIHQIXLSHWTVSGIHYVIW {7IUYIRGI ERH XMQMRK SJ GYVMRK WXITW JSV
ERHQEXIVMEPWEVIHIWGVMFIH1IXLSHWEVIKMZIRJSVGYVMRKTEZIQIRXWERH YRJSVQIHWYVJEGIW
SXLIVWPEFWSRKVSYRHJSVWXVYGXYVIWERHFYMPHMRKWERHJSVQEWWGSRGVIXI {;LIRGYVMRKMWVIUYMVIHJSVJSVQIHWYVJEGIW
'YVMRKQIXLSHW JSV WIZIVEP WTIGMJMG GEXIKSVMIW SJ GIQIRXFEWIH TVSHYGXW {;LIRGYVMRKMWVIUYMVIHGSPHERHLSX[IEXLIV
EVIHMWGYWWIHMRXLMWHSGYQIRX'YVMRKQIEWYVIWMRKIRIVEPEVIWTIGMJMIH
MR%'-'YVMRKQIEWYVIWHMVIGXIHXS[EVHXLIQEMRXIRERGISJWEXMW
{(YVEXMSRSJGYVMRK
JEGXSV]GSRGVIXIXIQTIVEXYVIYRHIVWTIGMJMGIRZMVSRQIRXEPGSRHMXMSRW EVI {8LIGYVMRKEJJIGXIH^SRI
EHHVIWWIHMRKVIEXIVHIXEMPF]'SQQMXXIIWERHSR,SXERH'SPH {'SRGVIXITVSTIVXMIWMRJPYIRGIHF]GYVMRK
;IEXLIV'SRGVIXMRKVIWTIGXMZIP]ERHF]%'-'SQQMXXIIWERH
'LETXIV{'YVMRKQIXLSHWERHQEXIVMEPWT6
/I][SVHWGSPH[IEXLIVGSRGVIXIGYVMRKGYVMRKGSQTSYRHLSX[IEXLIVGSR {7GSTI
WXVYGXMSRQEWWGSRGVIXIVIMRJSVGIHGSRGVIXIWIEPIVWLSXGVIXIWPEFSRKVSYRH {9WISJ[EXIVJSVGYVMRKGSRGVIXI
{-RMXMEPGYVMRKQIXLSHW
%'- 'SQQMXXII 6ITSVXW +YMHIW 7XERHEVH 4VEGXMGIW ERH {*SKKMRK
'SQQIRXEVMIW EVI MRXIRHIH JSV KYMHERGI MR TPERRMRK
HIWMKRMRK I\IGYXMRK ERH MRWTIGXMRK GSRWXVYGXMSR 8LMW {0MUYMHETTPMIHIZETSVEXMSRVIHYGIVW
HSGYQIRX MW MRXIRHIH JSV XLI YWI SJ MRHMZMHYEPW [LS EVI {*MREPGYVMRKQIEWYVIW
GSQTIXIRX XS IZEPYEXI XLI WMKRMJMGERGI ERH PMQMXEXMSRW SJ MXW {*MREP GYVMRK QIEWYVIWFEWIHSRXLIETTPMGEXMSR
GSRXIRX ERH VIGSQQIRHEXMSRW ERH [LS [MPP EGGITX
VIWTSRWMFMPMX] JSV XLI ETTPMGEXMSR SJ XLI QEXIVMEP MX GSRXEMRW SJ[EXIV
8LI %QIVMGER 'SRGVIXI -RWXMXYXI HMWGPEMQW ER] ERH EPP {*MREPGYVMRKQIXLSHWFEWIHSRQSMWXYVIVIXIRXMSR
VIWTSRWMFMPMX]JSVXLIWXEXIHTVMRGMTPIW8LI-RWXMXYXIWLEPPRSX
FIPMEFPIJSVER]PSWWSVHEQEKIEVMWMRKXLIVIJVSQ
6IJIVIRGI XS XLMW HSGYQIRX WLEPP RSX FI QEHI MR GSRXVEGX
HSGYQIRXW-JMXIQWJSYRHMRXLMWHSGYQIRXEVIHIWMVIHF]XLI %'-6FIGEQIIJJIGXMZI%YKYWX
'ST]VMKLX%QIVMGER'SRGVIXI-RWXMXYXI
%VGLMXIGX)RKMRIIVXSFIETEVXSJXLIGSRXVEGXHSGYQIRXWXLI] %PPVMKLXWVIWIVZIHMRGPYHMRKVMKLXWSJVITVSHYGXMSRERHYWIMRER]JSVQSVF]ER]
WLEPPFIVIWXEXIHMRQERHEXSV]PERKYEKIJSVMRGSVTSVEXMSRF] QIERW MRGPYHMRK XLI QEOMRK SJ GSTMIW F] ER] TLSXS TVSGIWW SV F] IPIGXVSRMG SV
XLI%VGLMXIGX)RKMRIIV QIGLERMGEPHIZMGITVMRXIH[VMXXIRSVSVEPSVVIGSVHMRKJSVWSYRHSVZMWYEPVITVSHYGXMSR
SVJSVYWIMRER]ORS[PIHKISVVIXVMIZEPW]WXIQSVHIZMGIYRPIWWTIVQMWWMSRMR[VMXMRK
MWSFXEMRIHJVSQXLIGST]VMKLXTVSTVMIXSVW
6
6 %'-'311-88))6)4368
{8IVQMREXMSRSJGYVMRKQIEWYVIW {(IJMRMXMSRSJGYVMRK
{'SPH[IEXLIVTVSXIGXMSRERHGYVMRK 8LIXIVQwGYVMRKxMWJVIUYIRXP]YWIHXSHIWGVMFIXLITVSGIWW
{4VSXIGXMSREKEMRWXVETMHHV]MRKMRGSPH[IEXLIV F] [LMGL L]HVEYPMGGIQIRX GSRGVIXI QEXYVIW ERH HIZIPSTW
{4VSXIGXMSREKEMRWXJVSWXHEQEKI LEVHIRIH TVSTIVXMIW SZIV XMQI EW E VIWYPX SJ XLI GSRXMRYIH
{6EXI SJ GSRGVIXI WXVIRKXL HIZIPSTQIRX MR GSPH L]HVEXMSRSJXLIGIQIRXMRXLITVIWIRGISJWYJJMGMIRX[EXIVERH
[IEXLIV LIEX;LMPIEPPGSRGVIXIGYVIWXSZEV]MRKPIZIPWSJQEXYVMX][MXL
{6IQSZEPSJGSPH[IEXLIVTVSXIGXMSR XMQIXLIVEXIEX[LMGLXLMWHIZIPSTQIRXXEOIWTPEGIHITIRHWSR
{,SX[IEXLIVTVSXIGXMSRERHGYVMRK XLIREXYVEPIRZMVSRQIRXWYVVSYRHMRKXLIGSRGVIXIERHSRXLI
{%GGIPIVEXIHGYVMRK QIEWYVIWXEOIRXSQSHMJ]XLMWIRZMVSRQIRXF]PMQMXMRKXLIPSWW
{1MRMQYQGYVMRKVIUYMVIQIRXW SJ [EXIV LIEX SV FSXL JVSQ XLI GSRGVIXI SV F] I\XIVREPP]
{+IRIVEP TVSZMHMRKQSMWXYVIERHLIEX8LIXIVQwGYVMRKxMWEPWSYWIHXS
{*EGXSVWMRJPYIRGMRKVIUYMVIHHYVEXMSRSJGYVMRK HIWGVMFIXLIEGXMSRXEOIRXSQEMRXEMRQSMWXYVIERHXIQTIVEXYVI
GSRHMXMSRWMREJVIWLP]TPEGIH GIQIRXMXMSYWQM\XYVI XS EPPS[
'LETXIV{'YVMRKJSVHMJJIVIRXX]TIWSJ L]HVEYPMGGIQIRX L]HVEXMSR ERH MJ ETTPMGEFPI TS^^SPERMG
GSRWXVYGXMSRT6 VIEGXMSRWXSSGGYVWSXLEXXLITSXIRXMEPTVSTIVXMIWSJXLIQM\XYVI
{4EZIQIRXWERHSXLIVWPEFWSRKVSYRH QE] HIZIPST %'- 6 ERH %781 '
% QM\XYVI MW
{+IRIVEP TVSTIVP]TVSTSVXMSRIHERHEHIUYEXIP]GYVIH[LIRXLITSXIRXMEP
{'YVMRKTVSGIHYVIW TVSTIVXMIWSJXLIQM\XYVIEVIEGLMIZIHERHIUYEPSVI\GIIHXLI
{(YVEXMSRSJGYVMRK HIWMVIHTVSTIVXMIWSJXLIGSRGVIXI
8LIGYVMRKTIVMSHMWHIJMRIH
{&YMPHMRKWFVMHKIWERHSXLIVWXVYGXYVIW EWXLIXMQITIVMSHFIKMRRMRKEXTPEGMRKXLVSYKLGSRWSPMHEXMSR
{+IRIVEP ERH JMRMWLMRK ERH I\XIRHMRK YRXMP XLI HIWMVIH GSRGVIXI
{'YVMRKTVSGIHYVIW TVSTIVXMIWLEZIHIZIPSTIH8LISFNIGXMZIWSJGYVMRKEVIXS
{(YVEXMSRSJGYVMRK TVIZIRXXLIPSWWSJQSMWXYVIJVSQGSRGVIXIERH[LIRRIIHIH
{1EWWGSRGVIXI WYTTP]EHHMXMSREPQSMWXYVIERHQEMRXEMREJEZSVEFPIGSRGVIXI
{+IRIVEP XIQTIVEXYVI JSV E WYJJMGMIRX TIVMSH SJ XMQI 4VSTIV GYVMRK
{1IXLSHWERHHYVEXMSRSJGYVMRK EPPS[W XLI GIQIRXMXMSYW QEXIVMEP [MXLMR XLI GSRGVIXI XS
{*SVQVIQSZEPERHGYVMRKJSVQIHWYVJEGIW TVSTIVP]L]HVEXI,]HVEXMSRVIJIVWXSXLIGLIQMGEPERHTL]WMGEP
{'YVMRKGSPSVIHGSRGVIXIJPSSVWERHWPEFW GLERKIW XLEX XEOI TPEGI [LIR TSVXPERH GIQIRX VIEGXW [MXL
{3XLIVGSRWXVYGXMSRW [EXIVSVTEVXMGMTEXIWMRETS^^SPERMGVIEGXMSR&SXLEXHITXL
ERHRIEVXLIWYVJEGIGYVMRKLEWEWMKRMJMGERXMRJPYIRGISRXLI
'LETXIV{1SRMXSVMRKGYVMRKERHGYVMRK TVSTIVXMIW SJ LEVHIRIH GSRGVIXI WYGL EW WXVIRKXL TIVQI
IJJIGXMZIRIWWT6 EFMPMX]EFVEWMSRVIWMWXERGIZSPYQIWXEFMPMX]ERHVIWMWXERGI
{+IRIVEP XSJVII^MRKERHXLE[MRKERHHIMGMRKGLIQMGEPW
{)ZEPYEXMRK XLI IRZMVSRQIRXEP GSRHMXMSRW MR [LMGL
XLIGSRGVIXIMWTPEGIH
{'YVMRKERHXLIL]HVEXMSRSJTSVXPERHGIQIRX
{)WXMQEXMRKIZETSVEXMSRVEXI ,]HVEXMSR SJ TSVXPERH GIQIRX{4SVXPERH GIQIRX
{1IERWXSZIVMJ]XLIETTPMGEXMSRSJGYVMRK GSRGVIXI MW E GSQTSWMXI QEXIVMEP MR [LMGL EKKVIKEXIW EVI
{5YERXMXEXMZI QIEWYVIW SJ XLI MQTEGX SJ GYVMRK FSYRHMRETSVSYWQEXVM\SJLEVHIRIHGIQIRXTEWXI%XXLI
TVSGIHYVIWSRXLIMQQIHMEXIIRZMVSRQIRX QMGVSWGEPI XLI LEVHIRIH TEWXI MW LIPH XSKIXLIV F] FSRHW
{5YERXMXEXMZI QIEWYVIW SJ XLI MQTEGX SJ GYVMRK XLEXHIZIPSTFIX[IIRXLITVSHYGXWSJXLIVIEGXMSRSJGIQIRX
TVSGIHYVIWSRQSMWXYVIERHXIQTIVEXYVI [MXL[EXIV7MQMPEVTVSHYGXWEVIJSVQIHJVSQXLIVIEGXMSRW
{1EXYVMX]QIXLSH FIX[IIRGIQIRX[EXIVERHSXLIVGIQIRXMXMSYWQEXIVMEPW
{1IEWYVMRKTL]WMGEPTVSTIVXMIWSJGSRGVIXIEJJIGXIH 8LI GIQIRX[EXIV VIEGXMSR MRGPYHIW FSXL GLIQMGEP ERH
F] XIQTIVEXYVI ERH QSMWXYVI GSRXVSP XS EWWIWW TL]WMGEPTVSGIWWIWXLEXEVIGSPPIGXMZIP]ORS[REWXLIL]HVE
GYVMRKIJJIGXMZIRIWW XMSRSJXLIGIQIRX8E]PSV
%WXLIL]HVEXMSRTVSGIWW
GSRXMRYIWXLIWXVIRKXLSJXLIMRXIVTEVXMGPIFSRHMRKMRGVIEWIW
'LETXIV{6IJIVIRGIWT6 ERH XLI MRXIVTEVXMGPI TSVSWMX] HIGVIEWIW *MKYVI WLS[W
{6IJIVIRGIHWXERHEVHWERHVITSVXW
TEVXMGPIWSJYRL]HVEXIHTSVXPERHGIQIRXSFWIVZIHXLVSYKLE
{'MXIHVIJIVIRGIW
WGERRMRKIPIGXVSRQMGVSWGSTI-RGSRXVEWXXS*MK *MK
WLS[WXLIHIZIPSTQIRXSJL]HVEXMSRTVSHYGXWERHMRXIVTEVXMGPI
',%48)6{-2863(9'8-32
{-RXVSHYGXMSR FSRHMRK MR TEVXMEPP] L]HVEXIH GIQIRX *MKYVI WLS[W E
8LMWKYMHIVIZMI[WERHHIWGVMFIWXLIWXEXISJXLIEVXJSVGYVMRK WMRKPI TEVXMGPI SJ TEVXMEPP] L]HVEXIH TSVXPERH GIQIRX 8LI
GSRGVIXI ERH TVSZMHIW KYMHERGI JSV WTIGMJ]MRK GYVMRK TVSGI WYVJEGISJXLITEVXMGPIMWGSZIVIH[MXLXLITVSHYGXWSJL]HVEXMSR
HYVIW'YVMRKTVEGXMGIWTVSGIHYVIWQEXIVMEPWERHQSRMXSVMRK MREHIRWIP]TEGOIHVERHSQP]SVMIRXIHQEWWORS[REWXLI
QIXLSHWEVIHIWGVMFIH%PXLSYKLXLITVMRGMTPIWERHTVEGXMGIWSJ GIQIRXKIP-RL]HVEXMSR[EXIVMWVIUYMVIHJSVXLIGLIQMGEP
GYVMRK HMWGYWWIH MR XLMW KYMHI EVI ETTPMGEFPI XS EPP X]TIW SJ
w-RGIQIRXGLIQMWXV]XLIXIVQuL]HVEXMSRvHIRSXIWXLIXSXEPMX]SJXLIGLERKIWXLEX
GSRGVIXI GSRWXVYGXMSR XLMW HSGYQIRX HSIW RSX WTIGMJMGEPP] SGGYV [LIR ER ERL]HVSYW GIQIRX SV SRI SJ MXW GSRWXMXYIRX TLEWIW MW QM\IH [MXL
EHHVIWWLMKLXIQTIVEXYVISVLMKLTVIWWYVIEGGIPIVEXIHGYVMRK [EXIVx8E]PSV
+9-()83'96-2+'32'6)8) 6
JSVQEXMSRSJXLIKIPTVSHYGXWERHJSVJMPPMRKXLIQMGVSTSVIW
XLEX HIZIPST FIX[IIR XLI KIP TVSHYGXW EW XLI] EVI FIMRK
JSVQIH 4S[IVW ERH &VS[R]EVH 4S[IVW
8LI
VEXI ERH I\XIRX SJ L]HVEXMSR HITIRH SR XLI EZEMPEFMPMX] SJ
[EXIV4EVVSXXERH/MPPSL
JSYRHXLEXEWGIQIRXTEWXI
GSQIWXSIUYMPMFVMYQ[MXLEMVEXWYGGIWWMZIP]PS[IVVIPEXMZI
LYQMHMX]6,
XLIVEXISJGIQIRXL]HVEXMSRHVSTTIHWMKRMJ
MGERXP]'IQIRXMRIUYMPMFVMYQ[MXLEMVEX 6,L]HVEXIH
EXSRP] XLIVEXIEWGSQTERMSRWTIGMQIRWMRE 6,
GYVMRK IRZMVSRQIRX 8LIVIJSVI GYVMRK TVSGIHYVIW IRWYVI
XLEXWYJJMGMIRX[EXIVMWEZEMPEFPIXSXLIGIQIRXXSWYWXEMRXLI
VEXIERHHIKVIISJL]HVEXMSRRIGIWWEV]XSEGLMIZIXLIHIWMVIH
GSRGVIXITVSTIVXMIWEXXLIVIUYMVIHXMQI
8LI[EXIVGSRWYQIHMRXLIJSVQEXMSRSJXLIKIPTVSHYGXWMW
ORS[REWXLIGLIQMGEPP]FSYRH[EXIVSVL]HVEXI[EXIVERHMXW
EQSYRXZEVMIW[MXLGIQIRXGSQTSWMXMSRERHXLIGSRHMXMSRWSJ
L]HVEXMSR%QEWWJVEGXMSRSJFIX[IIRXSSJGLIQM *MK{9RL]HVEXIHTEVXMGPIWSJTSVXPERHGIQIRX{QEKRM
GEPP]FSYRH[EXIVMWVIUYMVIHXSL]HVEXIEYRMXQEWWSJGIQIRX JMGEXMSR»TLSXSGVIHMX*MK)VMG7SVSSW
4S[IVW ERH &VS[R]EVH 'STIPERH /ERXVS ERH
:IVFIGO 1MPPW
%R EZIVEKI ZEPYI MW ETTVS\M
QEXIP]/SWQEXOEERH4EREVIWI4S[IVW
%W WIIR MR *MK ERH XLI KIP XLEX WYVVSYRHW XLI
L]HVEXIH GIQIRX TEVXMGPIW MW E TSVSYW VERHSQP] SVMIRXIH
QEWW&IWMHIWXLIL]HVEXI[EXIVEHHMXMSREP[EXIVMWEHWSVFIH
SRXSXLIWYVJEGIWERHMRXLIMRXIVPE]IVWTEGIWSJXLIPE]IVIH
KIPWXVYGXYVIHYVMRKXLIL]HVEXMSRTVSGIWW8LMWMWORS[REW
TL]WMGEPP]FSYRH[EXIVSVKIP[EXIV+IP[EXIVMWX]TMGEPP]
TVIWIRX MR EPP GSRGVIXI MR WIVZMGI IZIR YRHIV HV] EQFMIRX
GSRHMXMSRWEWMXWVIQSZEPEXEXQSWTLIVMGTVIWWYVIVIUYMVIW
LIEXMRKXLILEVHIRIHGIQIRXTEWXIXS'*
2IZMPPI
8LIEQSYRXSJKIP[EXIVEHWSVFIHSRXSXLII\TERHMRK
WYVJEGI SJ XLI L]HVEXMSR TVSHYGXW ERH MRXS XLI KIP TSVIW MW
wEFSYXIUYEPXSXLIEQSYRXXLEXMWGLIQMGEPP]
GSQFMRIH[MXL
XLIGIQIRXx4S[IVW
8LIEQSYRXSJKIP[EXIVLEWFIIR
GEPGYPEXIHQSVITVIGMWIP]XSFIEQEWWJVEGXMSRSJEFSYX
SJ XLI QEWWSJ L]HVEXIH GIQIRX 4S[IVW 4S[IVW ERH *MK {1YPXMTPI TEVXMGPIW SJ TEVXMEPP] L]HVEXIH TSVXPERH
&VS[R]EVH'SSO8E]PSV
GIQIRX{QEKRMJMGEXMSR»
&SXLXLIL]HVEXI[EXIVERHTL]WMGEPP]EHWSVFIHKIP[EXIV
EVI HMWXMRGX MR XLI QMGVSWXVYGXYVI SJ XLI LEVHIRIH GIQIRX
TEWXI]IXFSXLEVIVIUYMVIHGSRGYVVIRXP]EWTSVXPERHGIQIRX
GYVIW2IZMPPI
[VMXIWXLEXGSRXMRYIHL]HVEXMSRSJXLI
GIQIRXMWTSWWMFPIwSRP][LIRWYJJMGMIRX[EXIVMWEZEMPEFPI
FSXLJSVXLIGLIQMGEPVIEGXMSRWERHJSVXLIJMPPMRKSJXLIKIP
TSVIW FIMRK JSVQIHx 8LIEQSYRX SJ [EXIVGSRWYQIHMR XLI
L]HVEXMSRSJTSVXPERHGIQIRXMWXLIWYQSJXLI[EXIVMRGSVTS
VEXIHTL]WMGEPP]SRXSXLIKIPWYVJEGIWTPYWXLI[EXIVMRGSVTS
VEXIH GLIQMGEPP] MRXS XLI L]HVEXI TVSHYGXW XLIQWIPZIW
2IZMPPI 4S[IVW ERH &VS[R]EVH 1MRHIWW ERH
=SYRK8E]PSV
&IGEYWIL]HVEXMSRGERTVSGIIH
SRP] MR WEXYVEXIH WTEGI XLI XSXEP [EXIV VIUYMVIQIRX JSV
GIQIRX L]HVEXMSR MW wEFSYX K SJ [EXIV TIV KVEQ SJ
GIQIRXTPYWXLIGYVMRK[EXIVXLEXQYWXFIEHHIHXSOIIT
XLIGETMPPEV]TSVIWSJ
XLITEWXIWEXYVEXIHx4S[IVW
%WPSRKEWWYJJMGMIRX[EXIVMWEZEMPEFPIXSJSVQXLIL]HVEXMSR
TVSHYGXW JMPP XLI MRXIVPE]IV KIP WTEGIW ERH IRWYVI XLEX XLI
3XLIVWSYVGIWTPEGIXLMWETTVS\MQEXIZEPYIEXXSKSJ[EXIVJSVIEGLKVEQ *MK{'PSWIYTSJEWMRKPITEVXMGPISJL]HVEXIHGIQIRX{
SJHV]GIQIRX4S[IVW8E]PSV2IZMPPI
QEKRMJMGEXMSR»
6 %'-'311-88))6)4368
'YVMRK TVSGIHYVIW ERH XLIMV XMQI SJ ETTPMGEXMSR ZEV] GSRGVIXI FI]SRH JMREP WIX YWYEPP] VIUYMVI XLI EHHMXMSR SJ
HITIRHMRKSR[LIRXLIWYVJEGISJXLIGSRGVIXIFIKMRWXSHV] [EXIV XS XLI WYVJEGI 8LMW TVEGXMGI WLSYPH RSX FI EPPS[IH
ERHLS[JEVXLIGSRGVIXILEWEHZERGIHMRXLIWIXXMRKTVSGIWW FIGEYWISJXLIPSWWSJWYVJEGIWXVIRKXLERHHYVEFMPMX]XLEXVIWYPXW
'YVMRK QIEWYVIW WLSYPH FI GSSVHMREXIH [MXL XLIWIUYIRGI JVSQ XLI EHHMXMSR SJ [EXIV XS XLI GSRGVIXI WYVJEGI %'-
ERHXMQMRKSJTPEGMRKERHJMRMWLMRKSTIVEXMSRW 6 LEW GSMRIH XLI TLVEWI w[MRHS[ SJ JMRMWLEFMPMX]x XS
8MQMRK SJ TPEGMRK ERH JMRMWLMRK STIVEXMSRW{ HIRSXIXLIXMQITIVMSHFIX[IIRMRMXMEPERHJMREPWIX*MKE
8VERWTSVXTPEGMRKGSRWSPMHEXMSRWXVMOISJJERHFYPPJPSEXMRK 7YTVIRERXERH1EPMWGLI%FIPERH,SZIV
SJYRJSVQIHGSRGVIXIWYVJEGIWWYGLEWWPEFWEPPXEOITPEGI 8MQMRKSJGYVMRKTVSGIHYVIW{'YVMRKQIEWYVIW
FIJSVIXLIGSRGVIXIVIEGLIWMRMXMEPWIXXMRK8MQISJMRMXMEPWIX WLSYPHFIMRMXMEXIH[LIRXLIGSRGVIXIWYVJEGIFIKMRWXSHV]
MW EPWS ORS[R EW XLI ZMFVEXMSR PMQMX MRHMGEXMRK XLEX XLI [LMGLWXEVXWEWWSSREWXLIEGGYQYPEXIHFPIIH[EXIVIZETSVEXIW
GSRGVIXIGERRSXFITVSTIVP]GSRWSPMHEXIHEJXIVVIEGLMRKMRMXMEP JEWXIVXLERMXGERVMWIXSXLIGSRGVIXIWYVJEGI0IVGL
WIX 8YXLMPP ERH 'SVHSR (SHWSR
7YVJEGI /SWQEXOE%P*EHLEPEERH,SZIV
8LIXMQIEX
XI\XYVMRKGERFIKMREXMRMXMEPWIXFYXWLSYPHFIGSQTPIXIHF] [LMGL HV]MRK ERH XLI RIIH JSV GYVMRK FIKMRW HITIRHW RSX
XLIXMQIXLIGSRGVIXILEWVIEGLIHJMREPWIX&SXLMRMXMEPERH SRP]SRXLIIRZMVSRQIRXERHXLIVIWYPXMRKVEXISJIZETSVE
JMREPWIXEVIHIJMRIHSRXLIFEWMWSJXLITIRIXVEXMSRVIWMWXERGI XMSRFYXEPWSSRXLIFPIIHMRKGLEVEGXIVMWXMGWSJXLIGSRGVIXI
XIWX%781''1
JSVQSVXEVWMIZIHJVSQGSRGVIXI EWWLS[RWGLIQEXMGEPP]MR*MK 8LIJMKYVIMPPYWXVEXIWXLI
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VEXI IUYEPW SV I\GIIHW XLI FPIIHMRK VEXI )ZETSVEXMSR FI HIPE]IH YRXMP XLI GSRGVIXI LEW LEVHIRIH XS E KVIEXIV
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TYVTSWIEVISJXIRVIJIVVIHXSEWJMRMWLMRKEMHW
ERHWLSYPHFI XS[EPOSRXLIJVIWLP]TPEGIHGSRGVIXIXSMRWXEPPXLIGYVMRK
YWIHSRP]MREGGSVHERGI[MXLQERYJEGXYVIVvWMRWXVYGXMSRW QEXIVMEPWMX[MPPFIRIGIWWEV]XS[EMXYRXMPXLIGSRGVIXILEW
WYJJMGMIRXP] LEVHIRIH XS TIVQMX WYGL STIVEXMSRW [MXLSYX
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HYVIW MQTPIQIRXIH EJXIV JMREP JMRMWLMRK ERH [LIR XLI GYVMRK TVSZMHIH MX MW OITX WEXYVEXIH XLVSYKLSYX XLI GYVMRK
GSRGVIXILEWVIEGLIHJMREPWIX%WHMWGYWWIHMRHIXEMPMRXLEX TIVMSH8LIWERHPE]IVWLSYPHFIXLMGOIRSYKLXSLSPH[EXIV
WIGXMSR MX QE] FIRIGIWWEV] XS YWI ER MRXIVQIHMEXIGYVMRK YRMJSVQP]SZIVXLIIRXMVIWYVJEGIXSFIGYVIH7ERHWLSYPH
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6 %'-'311-88))6)4368
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HYVEXMSRSJGYVMRK3RJPEXWYVJEGIWWYGLEWTEZIQIRXWXLI XYVIVIXIRXMSR GETEFMPMX] EW QIEWYVIH F] %781 '
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XLIXLMGORIWWSJXLIWPEF8LIJMPQWLSYPHFITPEGIHJPEXSR ]IPPS[ SV GLERKI GSPSV [MXL EKI ERH I\TSWYVI ERH F]
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QSXXPMRK ;MRHVS[W SJ WERH SV IEVXL SV TMIGIW SJ PYQFIV VIUYMVIQIRXW SJ %781 ' EVI SJXIR VIJIVVIH XS EW
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VIXEMRQSMWXYVIERHTVIZIRX[MRHJVSQKIXXMRKYRHIVXLIJMPQ JYRGXMSRSJEGYVMRKQIQFVERIYWIHHYVMRKXLIJMREPGYVMRK
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QSVIIGSRSQMGEPXSYWIEREVVS[WXVMTSJTPEWXMGJMPQEPSRK XLIEPPS[EFPIQSMWXYVIPSWWMWOKQ PFJX
XLIZIVXMGEPIHKIWTPEGMRKMXSZIVXLIWLIIXSRXLILSVM^SRXEP MRL[LIRETTPMIHEXEGYVMRKGSQTSYRHGSZIVEKIVEXISJ
WYVJEGI ERH WIGYVMRK EPP IHKIW [MXL [MRHVS[W SV WXVMTW SJ SV Q0 SV JXKEP
JSV 8]TI - SV 8]TI --
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6IMRJSVGIH TETIV{'SQTSWIHSJX[S PE]IVW SJ WQSSXLERHXLIPEFSVEXSV]ETTPMIHGSZIVEKIVEXIWWTIGMJMIHMR
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[MXL%781'1SWXTETIVWYWIHJSVGYVMRKLEZIFIIR IJJIGXMZIRIWWMRXLIJMIPHMWQSVIHMJJMGYPXKMZIRXLIZEVMEFPI
XVIEXIH XS MRGVIEWI XIEV VIWMWXERGI [LIR [IXXIH ERH HVMIH WYVJEGI XI\XYVI ERH XLI RIIH XS IZIRP] GSZIV XLI GSRGVIXI
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HMWGEVHIHSVYWIHMRHSYFPIXLMGORIWW VIKYPEXMSRW KSZIVRMRK XLI XVERWTSVX WXSVEKI SV YWI SJ
0MUYMH QIQFVERIJSVQMRK GSQTSYRHW{0MUYMH LE^EVHSYWQEXIVMEPW;LIRETTVSTVMEXIEHIUYEXIZIRXMPEXMSR
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ERH WYFWIUYIRXGSEXMRKWJMRMWLIWSVXSTTMRKWFIGSQTEXMFPIXS
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WXEXIWw7MPMGEXIWSPYXMSRWEVIGLIQMGEPP]VIEGXMZIVEXLIVXLER VIUYMVIQIRXW SJ %781 ' LEZI FIIR JSVQYPEXIH XS
QIQFVERIJSVQMRKXLIVIJSVIXLI]HSRSXQIIXXLIMRXIRXSJ TVSQSXIWYGLEHLIWMSRERH%781'MRGPYHIWVIJIVIRGIW
XLMWWTIGMJMGEXMSRx%781'MWXLIXIWXQIXLSHYWIHXS XSXIWXQIXLSHWJSVIZEPYEXMRKXLIFSRHMRKSJXMPIERHSXLIV
IZEPYEXI [EXIVVIXIRXMSR GETEFMPMX] SJ PMUYMH QIQFVERI JPSSVGSZIVMRKW8IWXMRKXSIWXEFPMWLGSQTEXMFMPMX]EQSRKXLI
JSVQMRKGSQTSYRHW%781'TVSZMHIWEREPXIVREXMZI GYVMRK GSQTSYRH WYFWIUYIRX WYVJEGI XVIEXQIRXW GSRGVIXI
PEFSVEXSV] XIWX JSV HIXIVQMRMRK XLI IJJMGMIRG] SJ PMUYMH QSMWXYVIGSRXIRXERHXLIEGXYEPJMRMWLIHWYVJEGIXI\XYVISJ
QIQFVERIJSVQMRKGSQTSYRHW XLIGSRGVIXIMWVIGSQQIRHIH[LIRTIVJSVQERGIMWGVMXMGEP
1IQFVERIJSVQMRK GYVMRK GSQTSYRHW XLEX QIIX XLI 7YGLXIWXMRKMWFI]SRHXLIWGSTISJXLMWHSGYQIRXFYXYWIJYP
VIUYMVIQIRXWSJ%781'TIVQMXXLIPSWWSJWSQIQSMWXYVI VIJIVIRGIWMRGPYHI7YTVIRERXERH1EPMWGLHEF
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WYVJEGIHITIRHMRKSRJMIPHETTPMGEXMSRERHEQFMIRXGSRHMXMSRW GSQTSYRH [MXL WYFWIUYIRX WYVJEGI XVIEXQIRXW MRGPYHI
1EXLIV7LEVMEXERH4ERX7IRFIXXE
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LEZI WTIGMEP TVSTIVXMIW WYGL EW EPOEPM VIWMWXERGI EGMH [EXIVVIXIRXMSRGYVMRKQIXLSHSV[EXIVGYVMRK
6 %'-'311-88))6)4368
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SZIVXMQI[MXLI\TSWYVIXSYPXVEZMSPIXPMKLXHMVIGXWYRPMKLX
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HMWWMTEXMRKVIWMRGSQTSYRHMWI\TIGXIHXSFVIEOHS[RWSQI ;LIR YWMRK GYVMRK GSQTSYRHW XS VIHYGI QSMWXYVI PSWW
XMQIEJXIVETTPMGEXMSRERHGERFIYWIHSRXVS[IPIHSVJPSEXIH JVSQJSVQIHWYVJEGIWXLII\TSWIHWYVJEGIWLSYPHFI[IXXIH
WYVJEGIWVIGIMZMRKWYFWIUYIRXJMRMWLIW7SQISJXLIWITVSHYGXW MQQIHMEXIP] EJXIV JSVQ VIQSZEP ERH OITX QSMWX YRXMP XLI
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ERH EVI RSX VIGSQQIRHIH MJ HMWWMTEXMSR MW XLI I\TIGXIH XSVIEGLEYRMJSVQP]HEQTETTIEVERGI[MXLRSJVII[EXIVSR
QIXLSHSJVIQSZEP1IGLERMGEPSVGLIQMGEPVIQSZEPWLSYPH XLI WYVJEGI ERH XLIR ETTPMGEXMSR SJ XLI GSQTSYRH WLSYPH
FI WTIGMJMIH [LIR WIPJHMWWMTEXMRK GSQTSYRHW EVI YWIH MR FIKMR EX SRGI %W [MXL JPEX[SVO HEQTIRMRK XLI GSRGVIXI
MRXIVMSVETTPMGEXMSRW TVIZIRXW EFWSVTXMSR SJ XLI GYVMRK GSQTSYRH EPPS[MRK XLI
*SV JPSSVW ERH WPEFW HIWMKRIH JSV LMKL [IEV VIWMWXERGI GYVMRKQIQFVERIXSVIQEMRSRXLIGSRGVIXIWYVJEGI[LMGL
STXMQYQ XST WYVJEGI WXVIRKXL HIZIPSTQIRX HYVEFMPMX] ERH [MPPXLIRTVSZMHIETVSTIVQIQFVERIJSVQSMWXYVIVIXIRXMSR
QMRMQEP GVEGOMRK XLI GYVMRK GSQTSYRH WLSYPH QIIX SV 0MRWIIH SMPFEWIH GYVMRK GSQTSYRHW{:EVMSYW
I\GIIHXLIQSMWXYVIVIXIRXMSRVIUYMVIQIRXWSJ%781' PMRWIIH SMP IQYPWMSRW LEZI FIIR WYGGIWWJYPP] YWIH EW GYVMRK
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PMUYMH QIQFVERIJSVQMRK GYVMRK GSQTSYRHW WLSYPH FI 1MRRIWSXE (ITEVXQIRX SJ 8VERWTSVXEXMSR
WXMVVIH SVEKMXEXIH FIJSVI YWI ERH ETTPMIHYRMJSVQP] EX XLI %PXLSYKL RSX WXVMGXP] E QIQFVERIJSVQMRK GSQTSYRH XLIWI
QERYJEGXYVIVvW VIGSQQIRHIH VEXI 8LI GYVMRK GSQTSYRH TVSHYGXWWLSYPHGSRJSVQ[MXL*SVQYPEXMSRSJXLI
WLSYPHFIETTPMIHMRX[SETTPMGEXMSRWEXVMKLXERKPIWXSIEGL 3MPWIIH 'VSTW 0EFSVEXSV] 97(% ERH QIIX XLI VIUYMVI
SXLIV XS IRWYVI YRMJSVQ ERH QSVI GSQTPIXI GSZIVEKI 3R QIRXWSJ%781'%%7,831
[MXLXLII\GITXMSR
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GERFIEXPIEWXX[MGIXLIWYVJEGIEVIESJEXVS[IPPIHSVJPSEXIH 8LIWITVSHYGXWEVIYWIHEWER%781'8]TI%GYVMRK
WYVJEGI7LEVMEXERH4ERX
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MRWSQIGEWIWEVIYWIHEWEWYVJEGIXVIEXQIRXXSMRGVIEWIXLI
[MXLXLIJMVWXFIMRKEPPS[IHXSFIGSQIXEGO]FIJSVIXLIWIGSRH HYVEFMPMX]SJLEVHIRIHGSRGVIXI8LMWPEXXIVYWIMWFI]SRHXLI
MWETTPMIH%GYVMRKGSQTSYRH GER FI ETTPMIH F] LERH SV WGSTISJXLMWHSGYQIRX;LIR YWIH EW E GYVMRKGSQTSYRH
TS[IV WTVE]IV YWMRK ETTVSTVMEXI [ERHW ERH RS^^PIW [MXL LS[IZIVPMRWIIHSMPFEWIHGSQTSYRHWEVIMRXIRHIHJSVETTPM
TVIWWYVIYWYEPP]MRXLIVERKISJXS14EXSTWM
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TVIJIVVIH FIGEYWI SJ WTIIH ERH YRMJSVQMX] SJ HMWXVMFYXMSR
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ETTPMIH[MXLE[MHIWSJXFVMWXPIHFVYWLSVTEMRXVSPPIV%TTPM (YVMRKXLIGYVMRKTIVMSHWEXYVEXIHGSZIVQEXIVMEPWWLSYPH
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RYQFIVSJGSRXEMRIVWSJGSQTSYRHYWIHSVXLIRYQFIVSJ XLI IRH SJ XLI VIUYMVIH [IXGYVMRK TIVMSH GSZIV QEXIVMEPW
WTVE]IVXEROWSVFYGOIXWSJGSQTSYRHETTPMIHXSXLIWYVJEGI WLSYPHFIEPPS[IHXSHV]XLSVSYKLP]FIJSVIVIQSZEPXSTVSZMHI
*SVQE\MQYQFIRIJMGMEPIJJIGXPMUYMHQIQFVERIJSVQMRK YRMJSVQWPS[HV]MRKSJXLIGSRGVIXIWYVJEGI'SRXVSPPIHERH
GSQTSYRHW WLSYPH FI ETTPMIH MQQIHMEXIP] EJXIV XLI HMWET KVEHYEPXIVQMREXMSRSJ[IXSVQSMWXGYVMRKMWTEVXMGYPEVP]GVMX
TIEVERGISJXLIWYVJEGI[EXIVWLIIRJSPPS[MRKJMREPJMRMWLMRK MGEPMRGSPH[IEXLIV[LIRXLIVIMWEVMWOSJJVII^MRKXLIJVIWLP]
(IPE]IHETTPMGEXMSRSJXLIWIQEXIVMEPWRSXSRP]EPPS[WHV]MRK I\TSWIHERH[EXIVWEXYVEXIHWYVJEGI%'-6ERH%'-
SJXLIWYVJEGIHYVMRKXLITIVMSHSJTIEO[EXIVPSWWFYXEPWS GSRXEMRVIGSQQIRHEXMSRWJSVKVEHYEPXIVQMREXMSRSJGYVMRK
MRGVIEWIWXLIPMOIPMLSSHXLEXXLIPMUYMHGYVMRKGSQTSYRH[MPP ERHTVSXIGXMSR
FIEFWSVFIHMRXSXLIGSRGVIXIERHLIRGIRSXJSVQEQIQFVERI
;LIRXLIIZETSVEXMSRVEXII\GIIHWXLIVEXISJFPIIHMRKSJ {'SPH[IEXLIVTVSXIGXMSRERHGYVMRK
XLI GSRGVIXI XLI WYVJEGI [MPP ETTIEV HV] IZIR XLSYKL 'SPH[IEXLIVTYXWMQQEXYVIGSRGVIXIEXVMWOMREXPIEWXJSYV
FPIIHMRKMWWXMPPSGGYVVMRK9RHIVWYGLGSRHMXMSRWJMRMWLMRK [E]W*MVWXXLIVEXISJIZETSVEXMSRSJ[EXIVJVSQXLIWYVJEGI
XLIGSRGVIXISVXLIETTPMGEXMSRSJGYVMRKGSQTSYRHSVFSXL SJ GSRGVIXI GER FI LMKLIV MR GSPH [IEXLIV XLER MR [EVQ
GERFIHIXVMQIRXEPFIGEYWIFPIIH[EXIVGERFIGSRWIUYIRXP] [IEXLIV TEVXMGYPEVP] [LIR XLI GSRGVIXI MW [EVQ ERH XLI
XVETTIHNYWXFIPS[XLIGSRGVIXIWYVJEGI'PIEVP]MHIRXMJ]MRK LYQMHMX]MWPS[7IGSRHMJXLIGSRGVIXIXIQTIVEXYVIKVIEXP]
XLMWGSRHMXMSRMRXLIJMIPHMWHMJJMGYPXERHMXMWEP[E]WVMWO]XS HIGVIEWIWTSVI[EXIVGERJVII^IMRXLITSVIWSJXLIGSRGVIXI
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XERXXSHMEKRSWIXLMWTVSFPIQEXVERWTEVIRXTPEWXMGWLIIXGER WPS[WXLIVEXISJL]HVEXMSRSJXLIGIQIRXWPS[MRKXLIVEXIEX
FITPEGIHSZIVXLIYRJMRMWLIHYRGYVIHGSRGVIXIXSWLMIPHXLI [LMGLEPPGSRGVIXITVSTIVXMIWHIZIPST*SYVXL[LIRTVSXIGXMSR
XIWXEVIEJVSQIZETSVEXMSRERHER]FPIIH[EXIVGERFIWIIR MWVIQSZIHEXXLIIRHSJXLIGYVMRKTIVMSHXLIVIMWEVMWOSJ
EGGYQYPEXMRKYRHIVXLITPEWXMG VETMHHV]MRKERHEVETMHHVSTMRXIQTIVEXYVIGERGVEGOXLI
%RSXLIV GSRWIUYIRGI SJ ETTP]MRK GYVMRK GSQTSYRH XS E GSRGVIXI -R GSPH [IEXLIV GSRXVSP SJ QSMWXYVI WLSYPH FI
JVIWLP]GEWXGSRGVIXIWYVJEGIXLEXETTIEVWHV]MWXLEXIZETSVE EGGSQTERMIH F] GSRXVSP SJ XIQTIVEXYVI ;IXGYVMRK MR
XMSR[MPPFIXIQTSVEVMP]WXSTTIHFYXFPIIHMRKQMKLXGSRXMRYI JVII^MRK[IEXLIVGERFIEWFIRIJMGMEPXSXLIPSRKXIVQWIVZMGI
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GYVMRKJSVGSRGVIXIQM\XYVIW XLIWPEFQEMRXEMRMRKXLIXSTWYVJEGIMREQSMWXGSRHMXMSRMW
1MRMQYQ MQTIVEXMZIXSQMRMQM^IGYVPMRK4PEGIQIRXSJEQQMR
GYVMRKTIVMSH GSQTEGXIHHVEMREFPIJMPPSRXSTSJQIQFVERIWERHZETSV
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XMXMSYWQEXIVMEPWSJZEVMSYWX]TIWMRZEVMSYWTVSTSVXMSRWMR 7II 7IGXMSR QSMWXYVIGSRXIRXERHXIQTIVEXYVIXLIIRXMVIWYVJEGISJXLI
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QEMRXEMREHIUYEXIQSMWXYVIGSRXIRXJSVEWPSRKEWXLSWIREXYVEP
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WEXYVEXIH JSV GSQTPIXMSR SJ XLI GYVMRK SV GER FI WYFWI
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MR8EFPI8EFPIMWRSXMRXIRHIHXSETTP]XSEGGIPIVEXIH
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GEYWMRKXLISTTSWMXIQSMWXYVIKVEHMIRXMJXLIXSTWYVJEGIMW SVPS[IVTVIGEYXMSRWWLSYPHFIXEOIRXSTVIZIRXHEQEKIF]
OITXQSMWX8LMWEPWSPIEHWXSHMWXSVXMSRSJXLIWPEF8SQMRMQM^I JVII^MRK EW VIGSQQIRHIH MR %'- 6 8LIWI KIRIVEP
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XLIXSTERHFSXXSQSJWPEFWSRKVSYRHWLSYPHFIYRMJSVQP] VIPEXIHWYVJEGITVSTIVXMIWEVIVIUYMVIH
QSMWX SV YRMJSVQP] HV] 9RMJSVQP] QSMWX GSRHMXMSRW EVI
YWYEPP]VIUYMVIHMJXLITVSTIVXMIWSJXLIGSRGVIXIWYVJEGIEVI {&YMPHMRKWFVMHKIWERHSXLIVWXVYGXYVIW
MQTSVXERX JSV XLI TIVJSVQERGI SV ETTIEVERGI SJ XLI WPEF +IRIVEP{'SRGVIXI MR WXVYGXYVIW ERH FYMPHMRKW
8LMWMWEGLMIZIHF]TVI[IXXMRKXLIWYFKVEHIERHQMRMQM^MRK MRGPYHIWGEWXMRTPEGI[EPPWGSPYQRWWPEFWFIEQWERHEPP
QSMWXYVIPSWWEXXLIXSTWYVJEGIXLVSYKLMRMXMEPMRXIVQIHMEXI SXLIV TSVXMSRW SJ FYMPHMRKW I\GITX WPEFWSRKVEHI XLEX EVI
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6 %'-'311-88))6)4368
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YWMRKMRXIKVEPGSPSVMRKTMKQIRXW8LIKSEPMWRSVQEPP]XS 6IJVEGXSV]GSRGVIXI 6
SFXEMREGSPSVIHWYVJEGI[MXLQMRMQEPZEVMEXMSRW-XMWMQTIVEXMZI -RWYPEXMRKGSRGVIXI 6
XLEX XLI GYVMRK TVSGIWW FI TVSQTX GSRXMRYSYW ERH YRMJSVQ )\TERWMZIGIQIRXGSRGVIXI
8LIJSPPS[MRKQIXLSHWLEZIFIIRYWIHWYGGIWWJYPP]XSTVSZMHI 6SPPIVGSQTEGXIHGSRGVIXI 6
WEXMWJEGXSV]QSMWXYVIVIXIRXMSREHIUYEXIWXVIRKXLHIZIPSTQIRX %VGLMXIGXYVEPGSRGVIXI 6
JSVXLI[IEVMRKWYVJEGIERHXSQMRMQM^IGVEGOMRK 7LSXGVIXI
e %TTPMGEXMSR SJ E GPIEV QIQFVERIJSVQMRK GYVMRK ERH *MFIVVIMRJSVGIHGSRGVIXI 6
WIEPMRKGSQTSYRHQIIXMRK%781'8]TI-'PEWW :IVXMGEPWPMTJSVQGSRWXVYGXMSR
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QYWX FI YWIH 1SRMXSVMRK XLI IJJIGXMZIRIWW SJ XLI GYVMRK
EXEGSZIVEKIVEXISJQ0JXKEP
QIXLSHW YWIH SV IZEPYEXMRK XLI IRZMVSRQIRX MR [LMGL XLI
e %TTPMGEXMSRSJEQEXGLMRKTMKQIRXIHQIQFVERIJSVQMRK GSRGVIXILEWFIIRTPEGIHGERFISJZEPYIFYXMWVEVIP]HSRI
GYVMRKGSQTSYRH2SXIXLEXEWMKRMJMGERXGSPSVHMJJIVIRGI 7IZIVEP SJ XLI XIGLRMUYIW GYVVIRXP] EZEMPEFPI JSV WYGL
GERFII\TIGXIH[LIRXLIGYVMRKGSQTSYRH[IEVWSJJ
QSRMXSVMRK EVI PMWXIH EW JSPPS[W ERH EVI HMWGYWWIH MR HIXEMP
e %TTPMGEXMSR SJ E VIQSZEFPI GYVMRK GSQTSYRH 8LI PEXIVMRXLMWGLETXIV7SQISJXLIWIXIGLRMUYIW[MPPPMOIP]FI
VIQSZEPTVSGIWWWLSYPHFIXLSVSYKLP]HMWGYWWIHFIJSVI HIZIPSTIHJYVXLIVXSIZEPYEXIXLIRIIHJSVGYVMRKXLIIJJIG
ETTP]MRK XLIWI QEXIVMEPW 8LI XMQMRK SJ XLI VIQSZEP XMZIRIWW SJ XLI GYVMRK QIXLSHW YWIH ERH GSQTPMERGI [MXL
TVSGIWWMWEJJIGXIHF]QER]JEGXSVW3RIWYGLJEGXSVMW ETTPMGEFPI WTIGMJMGEXMSRW 8LI JSPPS[MRK EGXMSRW GER FI
XLIVEXISJXSTWYVJEGIWXVIRKXLHIZIPSTQIRX XEOIRXSIZEPYEXIGYVMRKERHGYVMRKIJJIGXMZIRIWW
e %TTPMGEXMSRSJERETTVSZIHRSRWXEMRMRKWLIIXQIQFVERI e 1SRMXSVXLIIRZMVSRQIRXEPGSRHMXMSRWMR[LMGLXLIGSR
8LMWQIQFVERILEWTPEWXMGSRXLISYXIVWYVJEGIERHJIPXSV GVIXIMWTPEGIHXSIZEPYEXIXLIRIIHJSVXIQTIVEXYVIERH
WMQMPEV EFWSVTXMZI RSRWXEMRMRK QEXIVMEP
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GSRGVIXIWYVJEGIXSQMRMQM^IQSXXPMRKHYIXSHMJJIVIRXMEP YWIH
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VIWYPXMRKMREQSXXPIHETTIEVERGIERH GSRGVIXIERH
e %TTPMGEXMSR SJ TSRHMRK SV SXLIV IUYMZEPIRX QSMWX e 1SRMXSV XLI TL]WMGEP TVSTIVXMIW SJ XLI GSRGVIXI EW
GYVMRKSV[EXIVVIXIRXMSRQIXLSHW8LIWYVJEGIWLSYPH MRJPYIRGIH F] XLI ETTPMGEXMSR SJ GYVMRK TVSGIHYVIW
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XLI GSPSVIH GSRGVIXI 'LIGO XLI [EXIV WSYVGI JSV SVVIPMEFPIMRHMGEXSVWSJGYVMRKIJJIGXMZIRIWW
QMRIVEPW SV GSQTSYRHW XLEX GER WXEMR SV QSHMJ] XLI
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GSZIVMRKWXLEXGERHMWGSPSVXLIGSRGVIXI 8LIRIIHJSVQSMWXYVIGSRXVSPMRJVIWLP]TPEGIHGSRGVIXI
4PEGIQIRXSJEXIWXWPEFMWVIGSQQIRHIHXSZMWYEPP]EWWIWW HITIRHW SR XLI VEXI SJ QSMWXYVI PSWW JVSQ XLEX GSRGVIXI
XLI ETTIEVERGI EGLMIZIH F] XLI GSQFMREXMSR SJ GSRGVIXI 1SMWXYVIPSWW HITIRHW SRXLI[EXIVGSRXIRXXLIIEWI [MXL
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XLERQJX
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6 %'-'311-88))6)4368
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'SVRIPP9RMZIVWMX]-XLEGE2=1E] ;SNSOS[WOM . 6ITSVX XS %'- 'SQQMXXII SR
7TIEVW6)w8LI 7SPYXMSRXS-REHIUYEXI'YVMRK )JJIGXSJ4PEWXMG 'SZIVMRKSR :EVMEXMSRW MR 'SRGVIXI 7YVJEGI
4VSFPIQWx'SRGVIXI-RXIVREXMSREP:2S%TVTT 8IQTIVEXYVI /ERWEW (ITEVXQIRX SJ 8VERWTSVXEXMSR 8STIOE
7YTVIRERX & ERH 1EPMWGL ; w(MEKRSWMRK 2SZ
7PEF (IPEQMREXMSRW 4EVX --
x 'SRGVIXI 'SRWXVYGXMSR =XXIVFIVK6w7LVMROEKIERH'YVPMRKSJ7PEFWSR
*IFTT +VEHI4EVX-
x'SRGVIXI-RXIVREXMSREP:2S%TV
7YTVIRERX & ERH 1EPMWGL ; w(MEKRSWMRK TT
7PEF (IPEQMREXMSRW 4EVX ---
x 'SRGVIXI 'SRWXVYGXMSR =XXIVFIVK6w7LVMROEKIERH'YVPMRKSJ7PEFWSR+VEHI
1EVTT 4EVX--
x'SRGVIXI-RXIVREXMSREP:2S1E]TT
7YTVIRERX&ERH1EPMWGL;w;LIVI7LSYPH =XXIVFIVK6w7LVMROEKIERH'YVPMRKSJ7PEFWSR
=SY 4PEGI XLI :ETSV 6IXEVHIV#x 'SRGVIXI 'SRWXVYGXMSR +VEHI4EVX---
x'SRGVIXI-RXIVREXMSREP:2S.YRI
1E]TT TT