113
Gentil i Oliba. Dos models d’artista contraposats en el Canigó de Verdaguer*
Francesc Codina i Valls
(Universitat de Vic)
!" #$%&'(%("&&)*)+,-.'%",)" !"#$%
!"#$%&!"'($'#)*$"'$' !"#$%&+,&-./0$1'$'2/*$.3'#!'45567'$8-'#$1$'
#!'4559:'!.'3&-1;1).'<=.!%!*#$',/"!*$/0$'#!.'1!8,3'#!'.$'>!0)*?&/3@
1$AB'C"$'&*$'8$*!"$'#!'3/1&$"'.D)-"$'1!8E1/0$8!*17',!"F'1$8-G'%!@
*H"/0$8!*17'"!33$.1$*1@*!'!.'0$"E01!"'H,/0'/'*$""$1/&B'ID$.1"$'-$*#$7'
!*'&*'!3-J3'#!',"F.!%7'?&!'2/*$.8!*1'*)'($',&-./0$"7' !"#$%&!"'!3' ($'"!2!"/"'$8-'2)"K$'0.$"!#$1'$'.!3'8)1/($0/)*3'/'$'.!3'2)*13'#!.',)!@
8$L'<BBB(!%;'.$'8&*1$*M$7'1"!,/1%;'3!3'0)*%!31!3'?&!'1)1'.D$*M'-.$*@
?&!%!*7' -$/N;' $.' 8)*!31/"' #!' O$*1' P$"1;7' 0)*!%&;' .$' ..!%!*#$' #!.' Q)81!'R&/2"!'?&!'"!0)"#!*'1)13'*)31"!3'(!..3'0")*/31!37'3!*1;',$"@
.$"'/',$".;'#D!*0$*1$#!3'$.3',$%!3)3'/',$31)"37'#!'8)*S)3'/'8)*!31/"3'
$'.!3'E*/8!3',/$#)3!3BBBAB4
T/N;7'#)*037'3!%)*3' !"#$%&!"'8$1!/N7'$'.D)"/%!*'#!.',)!8$'U/' U$7'!*',"/8!"'..)07'.$'2$30/*$0/J',!"'.$'-!..!3$'*$1&"$.7'2"&/1'#!.'0)*@
1$01!'#/"!01!7'(/3&$.'/'1E01/.7'$8-'!.'8$33;3'#!.'Q$*/%J'/'!.'3!&'!*1)"*B' V7' !*' 3!%)*' ..)07' .$' /*3,/"$0/J' "!-&#$' #!' #&!3' 2)*13' ..!%!*#E"/!3B' ID&*$'-$*#$7'&*$'..!%!*#$'$8-'-$3!'U/31F"/0$7'"!0)../#$',!"'.$'1"$#/@
0/J'0&.1$'#!'.!3'0"F*/?&!3L'.$'2&*#$0/J7'!*'&*'"!..!/N'#!'.$'8&*1$*M$7'
#!.'8)*!31/"'#!'O$*1'P$"1;'#!.'Q$*/%J',!.'0)81!'R&/2"!'#!'Q!"#$@
W' T?&!31'$"1/0.!'3D/*3!"!/N'!*'.!3'1$3?&!3'#!.',")S!01!'#D/*(!31/%$0/J'XXV' YZZ5@Z[5\Z]XV=^7'2/*$*K$1',!.'P/*/31!"/)'#!'Q/!*0/$'!'V**)($0/J*7'?&!'!3' ,)"1!*'$'1!"8!'#/*3'!.'R"&,'#!'>!0!"0$'Q)*3)./#$1'+YZZ_'OR>'`\9:'<a!N1)3' ./1!"$"/3'0)*1!8,)"$*/3L'!31&#/7'!#/0/J'/'1"$#&00/JA'#!'.$'b*/(!"3/1$1'#!' /0B
4B' Q/1$1',!"'a !!"#$%7'>/0$"#B'<Q)*1"/-&0/J'$'.D!31&#/'#!'.$'%H*!3/'#!' !'
"#$%7'#!' !"#$%&!"AB'TL'()*+!$,)*-&./0,+#/&#&!1*23#4!5#2"/B' /0L'C&8)'C#/1)"/$.7' 4__67',B'YY_B'O!%)*3'$?&!31'!31&#/J37'!.'1!N1'2)&'"!#$01$1'$'8/1S$*'455YB
!"#$%&$'()*+,'-$.&,'*/012344***//5 /67 87//***/09:8
114
*M$7'!*'!N,/$0/J'#!'.DU)8/0/#/'#D&*'*!-)1'3!&B'I!'.D$.1"$7'&*'0)*S&*1'
#!'..!%!*#!3'/'1"$#/0/)*3',),&.$"3'"!.$0/)*$#!3'$8-'.!3'2$#!3')'!*@
0$*1$#!37'G33!"3'8/31!"/)3)3'#!'%"$*'-!..!3$'?&!',)-.!*'!.'8$33;3'/'!3'
#!#/?&!*'$'!*0/3$"'/'!30.$(/1c$"'!.3',)-"!3'U&8$*3B'I!'2!17'0)8'3D/*@
3/*&$'!*'.D!3-J3'#!',"F.!%'$-$*3'0/1$17' !"#$%&!"'($'0)*31"&/"'!.',)@
!8$'$',$"1/"'#!'.$'"!!.$-)"$0/J'/'.$'2&3/J'#D$?&!313'#)3'-.)03'#!'8$@
1!"/$.' ..!%!*#$"/7' !.3' ?&$.37' ,!"' #/31/*%/"@.)37' ,)#";!8' $*)8!*$"' U/31)"/0)"!./%/J3'/'%!)%"$2/0)8!"$(!..J37'"!3,!01/($8!*1B
d!.'?&!'2$'$'$?&!31'#$""!"'-.)07'!.'%!)%"$2/0)8!"$(!..J37'!*'!.' ,"/8!"'Q).e.)?&/' !"#$%&!"'+4_59:'($'3!"')-S!01!'#D&*'1"!-$..'8).1' 0)8,.!17'$.'?&$.'!8'"!8!1)7'#!'f!(/'>)(/"J7'V%*$3/'>)(/"J'/'g$&8!' TM$137'8!8-"!3'#!.'R"&,'#!'>!0!"0$'X).h.F"/0$'#D^3)*$7'1/1&.$1'
<=!3'!*0$*1$#!3'$' !"#$%A-Y&i)8G3'().#"/$'"!8$"0$"'?&!7'1$.'0)8'
"!8$"?&!*'$?&!313'!31&#/)3)3'$'.!3'0)*0.&3/)*37'1$.'0)8'1$8-G'($'
$33!*M$.$"' T.-!"1' j$&2' !*' &*' !31&#/' $*1!"/)"\' /' 1$.' 0)8' #$""!"$@
8!*1'U$'"!0$.0$17'$,)"1$*1'8).1!3'#$#!3'*)(!37'X"$*0!30'>)8$'/' Q$3$*)($37['#!'.D!#$1'8/1S$*$'!*KE'!.'8$33;3'#!.'Q$*/%J'U$'!31$1'(/31' 0)8'&*'!3,$/'%!)%"E2/0'8/31!"/J37'U$-/1$1',!"'2$#!3'/'$.1"!3'G33!"3' 2$*1E31/037')*'3&00!k!*'2!13'8!"$(!..)3)37'3)-"!1)1'$.3'!31$*M3'?&!' 3!' 3&,)3$($' ?&!' U/' U$(/$' $.' 0/87' ,!"F' ?&!' !*' "!$./1$1' !3' 1")-!*' $' i)!#!3')'$'.D/*#"!1')*'$"$'U/'U$'!.'"!2&%/'#!.3'Q)"1$.!13B
ID$?&!31!3'8!"$(!..!3'#!'.$'8&*1$*M$'3!'*DU$(/!*'2!1'"!33F'!*'
$.%&*3'#!.3'3!&3'1!N1)3'#/(!"3)3'$&1)"3'8!#/!($.3L'R!"($/3'#!'a/.@
-&"M'+(!"3'4Y4[:'/'O$./8-!*!'#DT#$8)'+4Y`9'/'4Y56:7'X"$*0!30'C/N/@
8!*/3'+!*'&*'1!N1'#!'4[5\:'/'$.1"!3'#!',)31!"/)"37'0)8'g!")*/'d$&7' d!"!'T*1)*'l!&1!"')'g!")*/'d&S$#!37'!.'?&$.'!*'2$'&*$'"!.$0/J'!N@
1!*3$'$.'0$,;1).'V '#!.',"/8!"'../-"!'#!'.$'3!($' *6"#5!&7"#8)*/!9&+)9&
:*#"5#1!0&+)& !0!9,";!'+49Z_:B'ID$.1"$'-$*#$7'&*'#!.3'$&1)"3'8!#/!@
($.3'!38!*1$137'O$./8-!*!'#DT#$8)7'8)*S)'/1$./E7'!*3'U$'#!/N$1'!*' .$'3!($' *6"#5!&+#$1$#$'!*1"!'4Y`9'/'4Y56:'!.'"!.$1'#!'.$',"!1!3$'$3@
YB' <",!*#&()*+!$,)*&=>?@7',B'44_@4\4B
\B' j&'(7'T.-!"1B'<=$'3!#&00/J'#!'R!*1/.'!*'!.' !"#$%'#!' !"#$%&!"'/'!.'")8$*K'
#!'mC.'/*2$*1!'T"*$.#)3nAB' !199)0*!-&A)8#/0!&+)&B#9292$#!7'*o8B'6'+1$"#)"'4_55:7',B'
`\@_`B'=$',"/8!"$'!#/0/J'#!.'1"!-$..7'"!#$01$#$'!*'0$31!..E7'($'$,$"G/N!"'$'.$'A)8#/0!&
+)& +#!9)50292$C!& ;& 0*!+#5#2")/& 121,9!*)/7' ().B' Y57' p&$#!"*' 4@Y' +4_`Y:7' ,B' 66@5[B [B' > )*+,+Q&%&# -&%7'X"$*0!30B'D)9&1!*!+C/&!&9!&"!5#%-&E!&4,"0!";!&!& !0!' 9,";!-&F)$9)/&G('GGB' $..3L'Q)33!1E*/$'C#/0/)*37'YZZ[B' !%!&@*!'.!3',B'\_@[ZB
!"#$%&$'()*+,'-$.&,'*/012344***//: /67 87//***/09:8
115
0!*3/J'$.'Q$*/%J'#!.'"!/'d!"!'!.'R"$*7'$',"/*0/,/3'#!'*)(!8-"!'#!' 4Y567' ?&$*' 1!*/$' [_' $*M37' $0)8,$*M$1' #!' #)3' 0$($..!"3B' O!%)*3'
$?&!31$'*$""$0/J7'0$,'#D!..3'*)'($'$1H*M!"@*!'!.'0/8B'a$*8$1!/N'?&/' ($'$""/-$"'8G3'$8&*1'($'3!"'!.'"!/7'2/*3'$'&*'!31$*M'#!.'?&$.'($'3)"1/"' ().$*1'&*'#"$0'U)""/-.!'/'!*)"8!'+0)3$'?&!'U$'2!1'?&!'$.%o'0)*S!0@
1&"G3'?&!'($'$""/-$"'$.3'!31$*M).3'?&!'U/'U$'$',"),'#!.'"!2&%/'#!.3' Q)"1$.!13:B' q3' &*$' %!31$7' 0)*0.)&' !.' 0")*/31$7' 0)8,$"$-.!' $' .!3'
#DT.!N$*#"!'!.'R"$*B6'C.'2!1'U$'!31$1'3/1&$17'U/31F"/0$8!*17'#!3,"G3'
#!'.$'8$1$*K$'?&!'!.3'$.8)%E(!"3'($*'2!"'#!.3'0")$13'2"$*0!3)3'!*'
"!1/"$#$'$.'0)..'#!'d$*/33$"37'!.'['#!'*)(!8-"!'#!'4Y56'+,)03'#/!3'
$-$*37',!"'0!"17'?&!'8)";3'!.'"!/'d!"!7'.D44'#!'*)(!8-"!'#!.'8$1!/N'
$*M7'$' /.$2"$*0$'#!.'d!*!#H3:B'I!30.)1'/'P&*1$*!"7'0")*/31!3'0)*@
1!8,)"$*/37'*)'!*'#/&!*'"!3B'I!'1)1!3'8$*!"!37'8$.%"$1'$?&!31',"!@
0!#!*1'..!%!*#$"/7'3!8-.$'?&!'.!3',"/8!"!3'$30!*3/)*3'"!$.3'#)0&@
8!*1$#!3'$.'Q$*/%J'3J*'#!'8/1S$*'3!%.!'.-,,,B9
$.'.$',!*$'"!0)"#$"'.D)-(/!1$1'?&!'.D!N0&"3/)*/38!'8&*1$*M!*0' G3'&*$'$01/(/1$1'!3,)"1/($'8).1'"!0!*17'?&!'$'Q$1$.&*M$'U$(/$'0)@
8!*K$1',"E01/0$8!*1'$'.DH,)0$'#!' !"#$%&!"B'T-$*3'#!.'.,.'.D$3@
0!*3/J'$',/03'#!'8&*1$*M$'!"$'&*$'0)3$'"$";33/8$7',"F,/$'#!'2)..3')' U!")/37'#/%*$'#!'3!"'"!0)"#$#$'/'!N,./0$#$B'C*'$?&!31',&*1'(!'$'1)8-'
!38!*1$"' &*' 1!N1' 2$8J3' #!' X"$*0!30)' d!1"$"0$7' 0)*!%&1' $8-' !.'
*)8'#!'.$'Q$"1$'#!.' !*1J37'&*$'0$"1$'!*'..$1;'+#$1$#$'!.'Y9'#D$-"/.'
#!'4\\97'$'P$.$&0H*!7',!"F'!30"/1$'2)"K$'8G3'1$"#:'?&!'($'$#"!K$"'$'
&*'8!31"!'/'$8/07'!.'8)*S)'$%&31;'I/)*/%/'I$'l)"%)'#/'O$*'O!,).@
0")7'!*'?&H'*$""$'.$',&S$#$'?&!'($'"!$./1c$"'!*'0)8,$*M/$'#!.'3!&'
%!"8E'R!"$"#)'$.'8)*1' !*1J3'+!*'2"$*0H3' !*1)&N7'#!'4B_4Y'87' 3/1&$1',"),'#!'Q$",!*1"$37'$'.$'d")(!*K$:B`'q3'&*$'0$"1$',.!*$'#!'
"!2.!N/)*3'8)"$.3'/'!3,/"/1&$.37'?&!7'0)8'!3'(!&"E'8G3'!*#$($*17'1!@
*!*' $.%&*3' ,&*13' #!' 0)*1$01!' $8-' !.3' ,")-.!8!3' ?&!' ,.$*1!S$' $' !"#$%&!"'.D$30!*3/J'#!'R!*1/.'$.'Q$*/%JB
d!.'?&!'2$'$.'3!%)*'-.)0'#!'8$1!"/$.'..!%!*#$"/7'!.'?&!'U!8'$*)@
8!*$1'U/31)"/0)"!./%/J37'.$'3!($'1"$*38/33/J'!30"/1$'($'2!"'?&!'$""/@
6B' !%!&'>,/&%0'g)3!,UB'.9& !"#$%-&H#/06*#!&#&4#0)B' /0L'C&8)'C#/1)"/$.7' 4__97',B'4Y_@4\`B
9B' O)-"!'.!3',"/8!"!3'$30!*3/)*3'$'.$'8&*1$*M$7'(!%!&'>,/&%0'g)3!,UB .9& !"#$%I&,B'4Y_@YZ[B
`B' d"$!&!1&0+X"$*0!30)B'<X$8/./$"&8'>!"&8'=/-"/AB
!"#$%&$'()*+,'-$.&,'*/012344***//6 /67 87//***/09:8
116
-G3'$' !"#$%&!"'$8-',)?&!3'($"/$*13B'i)'U!'2!1'&*$'"!0!"0$'!N@
U$&31/($' #!' .$' ,"!3H*0/$' #!' .$' ..!%!*#$' !*' !.' 0)*S&*1' #!' .$' U/31)"/)%"$2/$'0$1$.$*$B'd!"F'*DU!'!N$8/*$1'$.%&*3'0$3)3B'b*$'#!'.!3' 2)*13' 8G3' "!0&.$#!3' !*' !.' 1!8,3' 3J*' .!3' H#/06*#)/& )& 52"J,)/0)/& +)9/&
)35)9K9)"0#//#4/&)&5!069#5/&*)#/&+L<*!$%&)&+)&9,*/&!"0)5)//2*/I&92/&5240)/&+)&
M!*5)92"!7'&*'../-"!'!30"/1',!.'0$($..!"'d!"!'a)8/0UB'T0$-$1'!.'4[[5'
$'l$%E7',)-.$0/J'#D)*'!"$'*$1&"$.'.D$&1)"7'!.'1!N1'($'3!"'/8,"H3'$'l$"@
0!.)*$',!"'.D$.!8$*M'>)3!8-$0U'!.'4[_67'/'"!/8,"H3'!.'464_'/'!.'46\[7'
$?&!31$'#$""!"$'(!%$#$'$8-'!.'0)*1/*%&1'$8,./$1'#!3'#!.'"!%*$1'#!' g)$*'VV'2/*3'$.'#!'X!""$*'!.'Q$1F./0B'C.'4559'+0&"/)3$8!*1'!.'8$1!/N'
$*M'#!'.D$,$"/0/J'#!' !"#$%N'.DC31$8,$'=$'>!*$/N!*3$'!*'($'2!"'&*$'
*)($'!#/0/JB'q3',"!0/3$8!*1'#D$?&!31$'!#/0/J'(&/10!*1/31$'?&!'0/1)'
!.',$33$1%!'?&!'*$""$'.$'..!%!*#$'#!'.$'2&*#$0/J'#!.'8)*!31/"'#!'O$*1' P$"1;'#!.'Q$*/%JL
C' .)' #/1' 0)81!' R"/2$' #!' Q!"#$*M$' !#/2/0$' .)' 8)*$31/"' #!' 3$*1' P$"1/'#!'Q$*/%J7',!"'$?&!31$'"$U)L'0$"'0)8'.)3'P)")3'./'2)33!*'
!*1"$13'!*'Q!"#$*M$7'!'.)'#/1'Q)81!'U$%&!3'&*'*!-)17'0)8$*$'.$' 3&$'%!*1'$.'#/1'*!-)1r'.)'?&$.'3!*3'0)8/33/)'#!.')*0.!'U$%&!'-$1$..$'
$-'.)3'P)")37'!*'.$'?&$.'.)'#/1'*!-)17'$-'.$'%!*17'2)"!*'#!3-$"$1$13' M'U$%&!"!*'$'2&%/"'.$'(/$'#!'l$"/#$B'd!")'.)'#/1'Q)81!'R"/2$'3)@
-"!(!*0'$'.$'-$"$..$'!'"!(!*K!'.)3'#/13'P)")3L'!'$,"G3'8)%&1'#!'
%"$*'/"$'$?&!..3'!*0$.K$'2/*3',"),'#!'&*'0$31!..7'?&/3'#/&'O$*1'P$"@
1;'#!.3'Q$31!..3L'M'!*1"$*1'#/*3'.$'3%.!3/$7'1")-$'3)*'*!-)17'?&/'3!"$'
"!0&../1'#/*3'$?&!..$'M'!31$($'$-"$K$1'$-'.$'M8$1%!'#!.'Q"&0/2/Nr'!'
!31$*1'$/N;7'.)'#/1'Q)81!'8$1E'3)*'*!-)1B'C',!"'$?&!..$'8)"1'.)' d$,$'2!&'!#/2/0$"'$.'#/1'Q)81!'.)'#/1'P)*$31/"7'3)13'/*()0$0/)'#!' O$*1'P$"1;B5
$.'.$',!*$'..!%/"'1$8-G'.$'(!"3/J'?&!'!*'#J*$'i$"0;3'X!./&'#!'.$' d!*M$'$.3'<"!9)/&+)& !0!9,O!7'?&!'3/1&$'.D!,/3)#/'$'.D$*M'___7'#!3,"G3'
#!'.$'8)"1'#!.'0)81!'l!"*$1'a$..$2!"")7')2!%$1'$.'"/&'>)/*!7'2!1'?&!' ($',")()0$"'.D!*($.!*1/8!*1'#!.3'8&3&.8$*37'!.3'?&$.3'($*'#!0/#/"'
!*($/"'.$'Q!"#$*M$L
5B' a ),127'd!"!B'H#/02*#!/&)&52"J,)/0!/&+)9/&)35)99)"0#//#4/&)&5!0P29#5/&*);/&+)&
<*!$2&)&+)&9,*/&!"0)Q)//2*/&92/&5240)/&+)&M!*Q)92"!-&l$"0!.)*$L'C31$8,$'<=$'>!*$/@
N!*3$A7'45597',B'444B'C#/0/J'"!,")#&k#$'$'d!"!'a ),1B'H#/06*#)/&)&52"J,)/0)/&+)9/&
*)#/&+L<*!$%&)&5240)/&+)&M!*5)92"!B'l$%EL'TS&*1$8!*1'#!'.$' /.$'#!'l$%E7'4__ZB
!"#$%&$'()*+,'-$.&,'*/012344***//! /67 87//***/09:8
117
BBB!*1"$")*'.)3'P)")3',)"'.$3'8)*1$s$37'E'Q!"#$s$7'M'>&/3!..J*'
#!31"&M!*#)'.)3'.&%$"!3L'3&,).)' (/2"!#)'Q)*#!'#!'Q!#$s$'U!"@
8$*)' #!' l!"*$"#)7' S&*1J' .)3' ,&!-.)3' #!' >&/3!..J*7' Q!"#$s$7' M' )1")3'#!'Q$1$.&s$7'M'8/!*1"$3'S&*1$($'3&'CN!"0/1)'8$*#F'$'3&'O)@
-"/*)7'U/S)'#!.'#/2&*1)'l!"*$"#)7'?&!'0)*'.$',)0$'%!*1!'?&!'1!*/$'
#!1&(/!33!'!.'1"),!.'#!'.)3'!*!8/%)37',!")'?&!'*)'3!'!N,&3/!33!'$.'
"/!3%)'#!'.$'-$1$..$7'3/*)'?&!'.!'$%&$"#$33!'0)*'3&'CN!"0/1)B'P$.'
$0)*3!S$#)'!.'P)K)7'0)#/0/)3)'#!'U)*"$7'S&c%$*#)'0)*'.)3'3&M)3' ,)#!"'.)%"$"'.$'%.)"/$'#!'.$'(/1)"/$7'$0)8!1/J'$'.$'0),/)3$'8&.1/1&#'
#!'!*!8/%)37'?&!'3/!*#)'1$*1)37'2&!'2$0/.'")8,!".!7'M'#!3-$"$1$"@
.!r',!")'U$..$*#)3!'.)3'P)")3'3!s)"!3'#!.'0$8,)7'M'#&!s)3'#!'.$' (/1)"/$7'..!%F'!.'Q)*#!' /2"!#)'M'#/F'0)*'3&'!N!"0/1)'1$*'2&!"1!@
8!*1!' 0)*1"$' .)3' #!30&M#$#)3' P)")37' ?&!' .!3' #!3U/c)7' 0)*3/@
%&/!*#)'!*1!"$8!*1!'.$'(/1)"/$7'?&!#$*#)'O!s)"'#!.'Q$8,)7'M'#!' .)3'#!3,)S)3'0)*1"$"/)3B'Q)*)0/!*#)'!.'O)-"/*)'3&'U!"")"7'M'1!@
8/!*#)'.$'0).!"$'#!.'a/)7'3!'"!1/"J'$'&*$'j!"8/1$'#!'O$*'P$"1;*7' M'3$-/!*#)'.$'(!*/#$'#!.'a/)'$-"$KJ3!'0)*'.$'V8$%!*'#!'i&!31")' O!s)"' Q"&0/2/0$#)r' ..!%J' !.' !*)S$#)' 0)*#!7' M' 3/*' "!3,!1$"' $' .)'
$%"$#)7'*/'$'.$'O$*1$'V8$%!*7',$33F'$.'#!3%"$0/$#)'P$*0!-)'0)*' 0"&!.!37'M',!*!1"$*1!3'U!"/#$37'#!N$*#).!'8&!"1)'!*'.)3'-"$K)3'#!' .$'O$*1$'V8$%!*B
d$3$#$'.$'0).!"$7'0)*)0/!*#)'!.'0$3)'1$*'$1")c7'M'%"$(!#$#'#!.'
#!./1)7'0)*'0)"$c)*'0)*1"/1)'.!',$"1/0/,J'$.'>)8$*)'d)*1;2/0!7'!.'
?&$.'.!'8$*#F'!*',!*/1!*0/$'2&*#$"'&*'Q)*(!*1)'#!'P)*%!3'l!*/@
1)3'!*'!.',"),/)'.&%$"'#!.'#!./1)7'?&!'!3'!.'#!'3$*'P$"1;*'#!'Q$*/%J7'
!N!0&1$*#).)'0)*1"/1)7'#)1$*#).!'8$%*/2/0$8!*1!'B_
b*'$&1)"'8).1'8G3',"),!"'!*'!.'1!8,3'$' !"#$%&!"7' ;01)"'l$@
.$%&!"7'!*'0$*(/7'U)'!N,./0$'$/N;L
Q&!*1$'.$'1"$#/0/J*'?&!'!*'&*$'#!'.$3'($"/$3'!*1"$#$3'#!'.)3'8)")3'
!*'Q$1$.&s$7' /2"!#)'!*(/J'0)8)'#!'$($*c$#$'t'&*'3)-"/*)'3&M)' ..$8$#)'l!"*$"#)',$"$'?&!'1)8$3!',)3!3/)*'#!'0/!"1)',&*1)'0)*' 3&'U&!31!7',!")'3/*'!8-!31/"'t'.)3'!*!8/%)3'U$31$'..!%$"'G.'0)*'!.'
%"&!3)'#!'.$'%!*1!B'l!"*$"#)'(/J'2t0/.'.$'0)M&*1&"$'#!'(!*0!"'$'.)3' 8)")37'M'.)'U/c)B'Q&$*#)'..!%J' /2"!#)'!*0)*1"J'$'3&'3)-"/*)'
#&!s)'#!.'0$8,)'#!'-$1$..$7',!")'!*'.&%$"'#!'"!%)0/S$"3!7'!*(/#/)3)'
_B' X"3,'+4"+3&+d"#5&7'i$"0;3B'<"!9)/&+)& !0!9,O!B'l$"0!.)*$L'g)3!,U'=.)@
,/3'/8,"!33)"7'4`Z_7'().B'V7'./-")'f7'0$,B'V7',B'Y_ZB'C*'&*$'*)1$'$.'8$"%!7'#J*$' .!3'2)*13'3!%u!*13'#!'.D!,/3)#/L'T"%$"/c7':)*9!&+)& Br'l)30U7'R#0-&+)&P2"-&+)& !0B7' l!&1!"7'aU)8/0UB
!"#$%&$'()*+,'-$.&,'*/012344***//; /67 87//***/09:8
118
#!'?&!'3/*'$%&$"#$".!'U&-/!3!'0)*3!%&/#)'.$'(/01)"/$7'.!',$3J'.$'!3@
,$#$',)"'!.'0&!",)B'C.'"!8)"#/8/!*1)'#!'!31$'8&!"1!'/8,!./J'.&!@
%)'!.'0)*#!'#!'Q!"#$s$'$'2&*#$"'!.'8)*$31!"/)'#!'O$*'P$"1;*B4Z
=!3'(!"3/)*3'#!'X!./&'#!'.$'d!*M$'/' ;01)"'l$.$%&!"7'8$.%"$1'#/@
(!"%/"'!*'$.%&*'#!1$..7'0)/*0/#!/N!*'!*'!.'2!1'?&!'!.'*!-)1'($'#!3)@
-!/"'!.'3!&')*0.!'R&/2"!',!"'$2$*M'#!'%.F"/$7'(;01/8$'#!'.$'1!8!"/1$1' /'.$'/8,!1&)3/1$1'#!'.$'S)(!*1&1B'I/30"!,!*'!*'.!3'0)*3!?uH*0/!3'#!' .D$00/J'#!.'*!-)1'+($',)3$"'!*',!"/..'.$'(/01F"/$')'($'$0)*3!%&/"@.$:'/' 1$8-G'!*'!.'8)1/&'#!'R&/2"!L'.$'0F.!"$'!*'&*'0$3r'.D!*(!S$7'!*'.D$.1"!B' a)1!3'#&!3'3D$,$"1!*'#D&*$'$.1"$'(!"3/J'#!'.$'..!%!*#$'?&!',"!3!*1$'
!.'0"/8'#!'R&/2"!'0)8'&*'U)8/0/#/'/*1!*0/)*$17'1$.'0)8'/*3/*&$'.$' *6"#5!&#!'g!")*/'d&S$#!3'+4695@49\6:'!*'.$'3!($'-"!&'"!.$0/J'#!.3' 2!13B44'ODU$'#!'"!8$"0$"'?&!'3).3'&*'$&1)"7'l$.$%&!"7'#J*$'&*'*)8'
$.'*!-)1L'l!"*$1B'X/*$.8!*1'0$.'!38!*1$"'!.'2!1'?&!'g)$*'T8$#!3'($'
"!0)../"'.$'..!%!*#$'$8-'$.%&*!3'($"/$*137'.$',"/*0/,$.'#!'.!3'?&$.3' 0)*3/31!/N'$'"!3&8/"7'0)8'3/'!3'1"$01G3'#D&*$'..!%!*#$',),&.$"7'.D$"@
%&8!*1'#!' !"#$%'#!' !"#$%&!"7'3!*3!'$0.$"/"@*!'!*'0$,'8)8!*1'.$' ,")0!#H*0/$7'0)3$'?&!'U$'0)8,)"1$1'$.%&*!3'0)*2&3/)*3B4Y
C*'?&$.3!().'0$37'*)1!8'?&!'!*'1)1!3'.!3'(!"3/)*3'#!'.$'..!%!*#$'
?&!'3DU$*'!N$8/*$1L'$:'3D!N,./0$'.D)"/%!*'#D&*'!#/2/0/'"!$.7'$.3'().@
1$*13'#!'.D$*M'4ZZZr'-:'!.',")1$%)*/31$'G3'&*',!"3)*$1%!'U/31F"/07' 2&*#$#)"'#)0&8!*1$1'#!.'8)*!31/"L'!.'0)81!'R&/2"!'#!'Q!"#$*M$@
Q)*2.!*1@l!"%&!#E7'%!"8E'#!.'0)81!'l!"*$1'a$..$2!"")7'0)81!'#!' l!3$.o@ $..!3,/"7'/'1$8-G'#D^./-$7'-/3-!'#!' /0'/'$-$1'#!'>/,)..7'1)13' 1"!3'2/..3'#!.'0)81!'^./-$' !S*)0!7'?&!'!"$'*G1'#!'R&/2"G'!.'d/.J3r'/'0:'
!.'*!-)1'#!'R&/2"!7'.$'(;01/8$7'U/'1G'&*',$,!"'3!0&*#$"/B
4ZB' l&3&6'"!7' ;01)"B'H#/02*#!&+)& !0!9,O!&;&+)&9!& 2*2"!&+)&<*!$%"B'l$"@
0!.)*$L'=/-"!";$'#!'O$.($#)"'P$*!")7'459\7'().B'V7',B'[\6@[\9B
44B' !%!&'d'7&4"%7'g!")*/B' *%"#5!&7"#8)*/!9&+)9&:*#"5#1!+2&+)& !0!9,O!-&
l$"0!.)*$L'V8,"!*1$'#!'g)3G'a)"*!"7'45\47'().B' VV7'0$,B'=f VVB
4YB' T)&4"%7'g)$*B'E)/&4#992*/&99)$)"+)/&121,9!*/B'l$"0!.)*$L'O!.!01$7'4__47' (&/1!*$'!#/0/J7',B'`[@5YB'=$',"/8!"$'!#/0/J7'$8-'!.'1;1).'E)/&5)"0&4#992*/&99)$)"+)/&
121,9!*/7'G3'#!'4_6\7'#!'.$'8$1!/N$'!#/1)"/$.B'T.-!"1'j$&27'21-&5#0-7'3!'3)","!*%&G'
#!'.$'(!"3/J'#!'.$'..!%!*#$'?&!'0)/*0/#!/N'2/.',!"'"$*#$'+2/*3'/'1)1'!*'!.3'*)83'
#!.3',!"3)*$1%!37'R!*1/.7'R"/3!.#$7'X.)"#!*!&7'!10B:'$8-' !"#$%r'> -,!8')0&!9B7'
<=!3'!*0$*1$#!3'$' !"#$%A7'21-&5#0-7'($*'$""/-$"'$'.$'0)*0.&3/J'?&!'T8$#!3'U$(/$'
$#),1$1'0)8'$'..!%!*#$',),&.$"'!.'2/.'*$""$1/&'#!'.D)-"$'#!' !"#$%&!"B
!"#$%&$'()*+,'-$.&,'*/012344***//0 /67 87//***/09:8
119
/!" 0)+('&1")+(.)",23"42+3
X/N!8@*)3'?&!7'/*/0/$.8!*17'!.3'#)3'-.)03'..!%!*#$"/3'+.DU/31F"/0'/'
!.'2$*1$3/J3:'*)')2!"/!*'0$,',&*1'#!'0)**!N/JB' $'3!"' !"#$%&!"'!.' ,"/8!"'?&!'!.3'($'"!.$0/)*$"7'0)8'2$*'*)1$"'!*'!.'3!&'!31&#/'!.3'%!"@
8$*3'>)(/"J'/'g$&8!'TM$13B'PG3'-!*'#/17'!.3'($'0)**!01$"',!"'8/1SE'
#D&*',!"3)*$1%!'?&!'!3#!(/*#"E'.$'0.$&'#!'().1$'#!'.$'0)*31"&00/J'
#!.'3!&',)!8$L'R!*1/.B'T?&!31$'2&*0/J'#!'*!N!'*!0!33$"/',!"'"!3).@
#"!'.$'#&$./1$1'..!%!*#E"/$')"/%/*$.'S$'U$(/$'!31$1'"!8$"0$#$',!"'T.@
-!"1'j$&2'!*'.D!31&#/'!38!*1$1'$-$*3B
C*'!2!01!7'R!*1/.'G3'.D!.!8!*1'?&!'!*..$K$'!.'8J*'U&8E'#!'.!3' ($..3',/"/*!*?&!37')*'1G'..)0'.$'..&/1$'$8-'!.3'/*($3)"3'3$""$k*37'$8-'
!.'8J*'8!"$(!..J3'/'/*!N,.)"$1'#!.3'0/83',/"/*!*03')*'U$-/1!*'.!3'
!*0$*1$#!3B'=$'3!($'/*3F./1$'/'1!8!"E"/$'$30!*3/J'$.'Q$*/%J'G3'.D$01!'
?&!'"!../%$'!.3'#)3'8)*3B'V'$?&;'0$.'2!"'!38!*1'#D&*'#!1$..'/8,)"1$*1L'
*)'-$/N!*'.!3'!*0$*1$#!3'$'3!#&/"@.)r'G3'!..7'R!*1/.7'?&/',&S$'$'1")@
-$"@.!37',!"?&H'!.'3!&'!30&#!"'./'U$'#/1'?&!7'3/'$0)*3!%&!/N'&*'#!.3' 8$*1!..3' 8E%/03' $8-' ?&H' !3' %&$"*!/N!*7' ,)#"E' ,!"3&$#/"' !.' 3!&' ,$"!7' !.' 0)81!' a$..$2!"")7' ?&!' ./' ,!"8!1/' #!' 0)*1/*&$"' .$' "!.$0/J'
$8)")3$'$8-'R"/3!.#$7'.$'3!($'!31/8$#$'#!'0)*#/0/J'3)0/$.'-$/N$B d!"F'$?&!31'R!*1/.'?&!'*)3$.1"!3'0)*!/N!8'%"E0/!3'$' !"#$%'*)' ($'3)"%/"'#!'0),'!*'.$'8!*1'#!' !"#$%&!"7'!.'3!&'0"!$#)"B'd!.'?&!' 3$-!8'#!'.$'%H*!3/'#!.',)!8$7'3)-"!1)1'%"E0/!3'$'.D!31&#/'$-$*3'!3@
8!*1$1' #!' >/0$"#' a)""!*137' !.' ,!"3)*$1%!' ./' ($' $*$"' 8$#&"$*1' /' 0"!/N!*1'!*'!.',")0G3'#!'0"!$0/JB
C*'$?&!31',")0G3'#!'0)*31"&00/J'#!.',!"3)*$1%!'*)'G3',$3'&*'2!1' 8!*)"'.$'?u!31/J'#!.'*)8L'0)8'G3'?&!'!*'&*'8)8!*1'#!1!"8/*$1' !"#$%&!"'($'-$1!S$"'!.'3!&'U!")/'$8-'!.'*)8'#!'R!*1/.v'C3'1"$01$'
#D&*'*)8'/*(!*1$17'3!*3!'1"$#/0/J7'?&!'*)'$,$"!/N'!*'0$,'..!%!*#$'
#!'.$'2&*#$0/J'#!'O$*1'P$"1;'#!'Q$*/%J7'$'#/2!"H*0/$'#!.'#!'l!"*$17' 0)8'3DU$'(/31B'V'?&!'#!'2!1'*/'1$*'3).3'!N/31/$'0)8'$'*)8',"),/'#!' ,!"3)*$7'*/'$'.D!#$1'8/1S$*$'*/'$'.DH,)0$'#!' !"#$%&!"B4\'C*'!.'3&8$@
"/' $"%&8!*1$.' !*' ,")3$' #!.' ,)!8$7' ?&!' *)' 3$-!8' ?&$*' ($' 3!"'
4\B' i)'$,$"!/N'$'l&6'97'C*"/0B&T24/&1)*/2"!9/&+)&9L.+!0&U#0V!"!-'d$.8$'#!' P$..)"0$L'C#/1)"/$.'P)..7'4_`67'*/'1$8,)0'0)8'$',$1")*;8/0'$.'#/00/)*$"/'T.@
0)(!"@P)..B
!"#$%&$'()*+,'-$.&,'*/012344***//8 /67 87//***/09:8
120
"!#$01$174[',!"F'?&!'*)'#!%&G'3!"'%$/"!'8G3'1$"#'#!'.D!31/&'#!'455Z7'
!.'*!-)1'#!'R&/2"!'U/'G3'$*)8!*$1'R&/..!8B'b*'*)8'8).1'8G3'(!"@
3!8-.$*1',!"'$'&*'*)-.!'#!'.D$*M'8/.'+#!'2!17'&*'#!.3'2/..3'"!$.3'#!.' 0)81!'a$..$2!"")'!3'($'#/"',"!0/3$8!*1'R&/..!8:7'?&!'#D$.1"$'-$*#$'
!3',)1'"!.$0/)*$"'$8-'.$'1),)*;8/$'0$*/%)*!*0$'+,"),'#!.'0/8'U/'U$'
&*'d.$'R&/..!8:B
d!"F'!.'2!1'0!"1'G3'?&!'$?&!31'R&/..!8'/*/0/$.'($'!3#!(!*/"'#!2/@
*/1/($8!*1'R!*1/.B'd")-$-.!8!*1'.$'8&1$0/J'!3'($',")#&/"'$'8!3&@
"$'?&!'($*'$*$"',"!*!*1'2)"8$'1)13'!.3'!,/3)#/3'#!'.D!*0;37'!.'(/$1%!'
!*' 0$"")33$' /' !.3' ,"!,$"$1/&3' #!.' 0$3$8!*1' #!' .DU!")/' $8-' .$' 2$#$' X.)"#!*!&'?&!'U$(/$'$#),1$1'.D$3,!01!'#!'R"/3!.#$',!"'3!#&/"@.)7'!.3'
?&$.3'!*'!.'3&8$"/'!*',")3$'*)'3J*'#!1$..$13B46'T?&!31',!"/,.!'8!"$@
(!..J3'*)'!.',)#/$',")1$%)*/1c$"'0$,'R&/..!8'*/'0$,'l!"*$1B'T?&!313'
*)83'U$&"/!*'!30$/%&1',)13!"'$'S)(!3'0$($..!"3'2)%)3)3'/'$8-/0/)3)3'
#!'%.F"/$7'?&!'#/2;0/.8!*1'3DU$&"/!*'#!/N$1'!*0/3$"',!"'.!3'2$#!3'/'.!3' -!..!3!3'*$1&"$.3'#!.'d/"/*!&B'C.',!0$1'#D$?&!31$'8!*$'#!'S)(!37'!.' ,")1)1/,&3'#!.3'?&$.3'2J"$'!.'*!-)1'#!'.$'..!%!*#$'1"$#/0/)*$.7'G3'.$' /8,!1&)3/1$17'.D$2$*M'#!'%.F"/$7'!.'#!3/%'#!'0)8-$17'?&!'!.3'$"")33!%$'
$'&*$'#!3)-!#/H*0/$'2$1$.B
d!"F'.DU!")/'#!' !"#$%7'&*'#!3!"1)"7'&*'*)/'!*$8)"$1'?&!'$-$*@
#)*$'!.'3!&'..)0'$'.$'-$1$..$',!"',&S$"'$'&*$'8&*1$*M$'8!"$(!..)3$7'
*)'($',!0$"'#D/8,!1&)3/1$1'%&!""!"$'*/'#D$2$*M'#!'%.F"/$7'3/*J'#D&*$' 0)3$'-!*'#/2!"!*1L'#!'%!*1/.!3$B'V'G3'?&!'*)'U/'U$'#&-1!'?&!' !"#$@
%&!"'($'#!"/($"'!.'*)8',"),/'R!*1/.'#!'.D$#S!01/&'0)8o'<%!*1/.A7'?&!'
4[B' d&-./0$1',!"'a !!"#$%7'>/0$"#B'()*+!$,)*-&./0,+#/&#&!1*23#4!5#2"/7' ,B'YYZ@YY[B'C.'1!N1'.DU/'($',"),)"0/)*$"'g)3!,'PB'O).E'/'Q$8,3B
46B' q3'/8,)"1$*1'*)',!"#"!'8$/'#!'(/31$'!.'2!1'?&!'R!*1/.'*)'3D!*$8)"$'#!' 0$,'2$#$7'3/*J'#D&*$'*)/$'#!'#!-FB'O/'X.)"#!*!&'!.'3!#&!/N'G3',!"?&H'$.3'3!&3'
&..3',"!*'.$'2)"8$'#!'R"/3!.#$7'.$'3!($'!*$8)"$#$B'T?&!31'#!1$..'/8,)"1$*1;3@
3/8'2$'?&!'R!*1/.',"!3!*1/',)03'1"!13'0)8&*3'$8-'!.',!"3)*$1%!'..!%!*#$"/'#!' a$**Uw&3!"7'*)-.!'%!"8E*/0'?&!'($'?&!#$"'().&,1&)3$8!*1'$1"$,$1'$.3'-"$K)3'
#!'.$'8!"$(!..)3$' !*&3'$.' !*&3-!"%'+P&*1$*M$'#!' !*&3:B'T?&!31$'U/31F"/$' ($'3!"'"!0"!$#$'!*1"!'$.1"!3'$&1)"3'0&.1!3',!"'x$%*!"'$'.DF,!"$'R!""PW,/)*7'
!31"!*$#$'!.'45[6B'O)-"!'$?&!31$'..!%!*#$'/'!.'3!&'1"$01$8!*1'./1!"$"/'0&.1!7'(!@
%!&'Q,1 !&7'P$"M'TB'B*24&H#/02*;&02&U;0P-&X!$")*L/&R!""PW,/)*&!"+�/&E#0)'
*!*;& F2,*5)/-& l!"*$7' X"$*h2&"17' i)($' y)"h7' d$";3' /' /!*$L' d!1!"' =$*%7' 4__YB' O)-"!'!.'2$1$.'S)0'/#!*1/1$"/'R"/3!.#$@X.)#!"*!&7'(!%!&'R',33&) #7'g&./EB'<C.' 0$($..!"' /' .$' 2$#$L' %!)%"$2/$' 2$*1E31/0$' $.' !"#$%' #!' !"#$%&!"AB' F)**!& +LY*I&
*o8B'\YY@\Y\'+S&./).@$%)31'#!'4_59:7',B'Y\@Y`B'
!"#$%&$'()*+,'-$.&,'*/012344***/" /67 87//***/09:8
121
1G'.!3'$00!,0/)*3'3!%u!*13'3!%)*3'!.'#/00/)*$"/'T.0)(!"@P)..L'*)@
-.!7'#D$.1$'*/33$%$r',.!'#!'%"E0/$7'#!'8$*!"!3'#!./0$#!37'0)"1H37'$1!*1r' -!..7'$%"$#$-.!'#!'(!&"!')'#!'0)*3/#!"$"r'-)7'-!*'#/3,)3$1r'*)1$-.!' ,!"' .$' 3!($' ?&$*1/1$1' )' /*1!*3/1$1B' >!3&.1$' ,!"1/*!*1' 0)8,.!1$"'
$?&!31$'../31$'#!'3/%*/2/0$13'$8-'!.'3!%u!*1'0)8!*1$"/'#!'g)$*'Q)@
")8/*!37'?&!'"!8$"0$'.$'0)*1$8/*$0/J'3!8E*1/0$'#!'.D$#S!01/&',!"' /*2.&H*0/$'#!'.$'1"$#/0/J',)H1/0$'1")-$#)"!30$L'<C*'.!3'$.1"!3'$00!,@
0/)*3')*'!.'0)*0!,1!'#!'m*)-.!7'%!*!"J3n'($'%/"$*1'0$,'$.'#!'%"E0/$'/' -!..!3$7'!.'8)1'!3'"!33!*17',!"1)1'!*'.$'>)8E*/$7'#!'.$'/*2.&H*0/$'#!' .$',)!3/$')00/1$*$7'3;0&.)@/1$./$*$'/'1)30$*$L'*)'!*3',)#!8'1)"-$"'
$0;'!*'.D$00/J'#!'.Do3'#$*1!30'/',!1"$"?&!307'S$'1$*'!31&#/$1'zBBB{r'!*' 8).13',$33$1%!3'#!'.$'..!*%&$'#!.3'1")-$#)"3'1$8-G'($'$,$"!/N!*1'.$' 1/*1&"$'!31H1/0)@$8)")3$BA49
R!*1/.7'#)*037'G3'!.'*)8'?&!'!30$&'$'$.%o'?&!'#!3!"1$',!"'$8)"7' ,!"F'1$8-G'!8,H3',!"'&*'#!3/%'/*#!2/*/1'/'/*3$#)..$-.!'+<.)'0)"'#!' .DU)8!'G3'&*$'8$"L'1)1'.D&*/(!"3'*)'.D)8,./"/$A:7',!"'0&.,$'1$8-G'
#D&*'!N0G3'#!'3!*3/-/./1$1'$"1;31/0$7'#!'2$30/*$0/J',!"'.$'%"E0/$'/'.$' -!..!3$'#!'.!3'8&*1$*M!3'/'!.3'0)33)3'2!8!*/*37'#!'.!3'8o3/?&!3'/'.!3' 0$*K)*3'#!'.!3'2$#!3')'#!'.$'?&!'!..'8$1!/N7'$-$*3'#!'3!"'$33$33/*$17'
$0$-$'0)8,)*!*1'/'0$*1$*1'$8-'.D$",$'$'.$'8EL'!.'<Q$*1'#!'R!*1/.A7'
!*'!.'?&$.'!3'1")-!*',)13!"'!.3'#)3'(!"3)3'8G3'")1&*#3'#!' !"#$@
%&!"7'"!,")#&k13'$'.D/*/0/'#D$?&!31',$"E%"$2B
d!"F'*)'3DU$'#!'3/.!*0/$"'?&!'<%!*1/.A'1G'!*0$"$'&*$'$.1"$'3/%*/2/@
0$0/JL'<,$%E7'*)'0"/31/EAB'^7'3/'.D$%$2!8'!*'!.'3!*1/1'?&!'!.'($'!8,"$"'
>$8)*'=.&..'$.'E#S*)&+)9&Z)"0#9&)&92/&0*)/&/!8#/'+!*'&*'o37',!"'0!"17'?&!' )30/.e.$'!*1"!'!.'*)8',"),/'/'!.'0)8o:7'<%!*1/.A'G3'&*'1!"8!'?&!'3D$,./@
0$'$'$.%o'?&!'<*)'U$(/$'0)*!/N!*K$'#!'IG&A7'/'?&!',!"'1$*1'*)'!"$' 0"/31/E7',!"F'1$8,)0'S&!&'*/'8&3&.8EB'=DU!")/'#!' !"#$%'3;'?&!'1G' 0)*!/N!*K$'#!'IG&'+#!'2!17'!*'!.'<Q$*1'#!'R!*1/.A'U/'U$'.$'"!0!"0$'#!' IG&7'!.'#!3/%'#!',&S$"'$8&*1'/'#!'0)*1!8,.$"'.$'0$"$'#!'IG&:7',!"F' 1$8-G'G3'&*'U!")/'?&!'!*1"$'!*'0)*1$01!'$8-'&*'8J*',$%E7'$.'8$"%!'
#!'IG&7'$"")33!%$1',!"'.!3'2$#!37'*$(!%$*1',!.'0!.'!*'&*$'0$"")33$' ().$#)"$7' $-#&k1' ,!"' .$' -!..!3$' #!' .$' Q"!$0/J' /' #!' .!3' 0"/$1&"!3L' .$' 8&*1$*M$7'.!3'*)/!37'!.3'!31$*M37'.!3'2.)"3'/'.!3'0)*%!31!3B'C.'R!*1/.'#!' !"#$%&!"'0"!&'!*'IG&7',!"F'3!'*D!30$,$7'.D)-./#$7'!.',!"#'#!'(/31$B
49B' D#55#2"!*#&)0#4296$#5&#&52419)4)"0!*#&+)&9!&99)"$,!&5!0!9!"!7'().B'V 7',B'[`4B
!"#$%&$'()*+,'-$.&,'*/012344***/"/ /67 87//***/09:8
122
R!*1/.' ,")-$-.!8!*1' !*0$"*$' .$' %"$*' 0)*1"$#/00/J' #!' !"#$@
%&!"7'&*'3$0!"#)1@,)!1$'?&!'!3'($'2)"S$"'!*1"!'&*'#).8!*'/'&*'$.1$"7' )-S!01!3'!8-.!8E1/03'#!'.!3'#&!3'%"$*3'1"$#/0/)*3'0&.1&"$.37',")2$@
*$'/'0$1F./0$7'#!'.!3'?&$.3'U$(/$'#!',)&$"',!"'0"!$"'.!3'3!(!3')-"!37' 0)8'!.'8$1!/N' !"#$%B'd!"F'$?&!31$'0)*1"$#/00/J'*)'G3'!N0.&3/($@
8!*1',!"3)*$.7'3/*J'?&!'$2!01$'!*'&*$'8!3&"$')'&*$'$.1"$'1)1'$"1/31$' 0"!/!*1B'=$'($'!N,"!33$"'8$%/31"$.8!*1'3$*1'T%&31;'!*'&*',$33$1%!'
#!'.!3' 2"[)//#2"/'+f7'(/7'5:L
p&H'!31/8)7',!"F'?&$*'&3'!31/8)v'i)',$3'.$'-!..!3$'#!.3'0)33)37'
*/' ..&"' %"E0/$' 1!8,)"$.7' */' .D!30.$1' #!' .$' ..&87' (!@1!@.$' $?&;' 1$*'
%"$1$' $.3' 8!&3' &..37' */' .!3' #).0!3' 8!.)#/!3' #D&*!3' 0$*1/.!*!3' #!'
"/18!3'($"/$137'*/'.$'3&$&'2"$%E*0/$'#!'.!3'2.)"37'#!'.!3',)8$#!3'/'
#!.3'$")8!37'*/'!.'8$**E7'*/'.$'8!.7'*/'!.3'8!8-"!3'1$*',.$!*13'#!' .!3'$-"$K$#!3'#!'.$'0$"*L'*)7'*)'G3'1)1'$/NF'!.'?&!'!31/8)7'?&$*'
!31/8)'!.'8!&'IG&L'G3'.$'..&87'.$'(!&7'!.',!"2&87'.D$./8!*1'/'.D$-"$@
K$#$'#!.'8!&'U)8!'/*1!"/)"7')*'"!3,.!*#!/N',!"'$'.$'8!($'E*/8$'
&*$'..&8'?&!'*)'0$,'!*..)07')*'3)*!*'8!.)#/!3'?&!'!.'1!8,3'*)' 3D!*#&&7')*'2.$/"!*',!"2&83'?&!'!.'(!*1'*)'#/3,!"3$7')*'!3'%&31$'
&*'$./8!*1'?&!'0$,'()"$0/1$1'*)'8/*($7')*'U/'U$'$-"$K$#!3'?&!' 0$,'3$0/!1$1'*)'#!3$,$"!..$B' !1'$?&;'!.'?&!'!31/8)7'?&$*'!31/8)'
!.'8!&'IG&B4`
i)'G37',!"'1$*17'!*'.!3'-!..!3!3'!N1!"/)"3'#!.'8J*'?&!'1")-!8' IG&7' 3/*J' !*' &*$' ),$0$' "!(!.$0/J' /*1!"/)"7' ?&!' 1$*8$1!/N' *)8G3' ,)#!8'!N,"!33$"'8!1$2F"/0$8!*1'$8-'/8$1%!3'0)*31"&k#!3'$',$"1/"'
#D!.!8!*13'3!*3/-.!3'#!.'8J*'!N1!"/)"B'd!"'$/NF'1$*'3)(/*17'/*!(/1$@
-.!8!*17' .$' ./1!"$1&"$' 8;31/0$' 3!' 3!"(!/N' #D/8$1%!3' !"F1/?&!3B' d!"'
$/NF' !"#$%&!"7'$.'2/*$.'#!'.$'3!($'(/#$7'?&$*'!.'#!3/%'#D!*0!.$"@3!' .D!3,!")*$($'8G3'?&!'8$/7'!3'($'$-)0$"'$'.D!30"/,1&"$'#D&*'../-"!7'<9&
)9I&?&!'G3'&*$'8!"$(!..)3$'#!30"/,0/J'#!.'2/"8$8!*1'2;3/07'2"&/1'#!' .$'/8,)33/-/./1$1'#!'1"$*30!*#/"@.)B45
4`B' T6'%$:+ 4;j,< #&7' 2"[)//#2"/-& V*1")#&00/J' /' 1"$#&00/J' #!' P/?&!.' I).KB'l$"0!.)*$L'X$0&.1$1'#!'a!).)%/$'#!'l$"0!.)*$7'X&*#$0/J'C*0/0.),H#/$' Q$1$.$*$7'4_5_7',B'Y\5B
45B' >!0)"#)'.!3',$"$&.!3'/'!.'%!31'!N,"!33/&'#!'O!%/8)*'O!""$..)*%$',$"@
.$*1@8!'#D<9& )9L'< !"#$%&!"'*)',)1'$*$"'8G3'!*..E'#!.'2/"8$8!*1'2;3/07'
*)'!.',)1'1"$(!33$"A7'#!/$7'8!*1"!'$8-'!.',&*M'0.)3'#!'.$'8E'#"!1$'!3'0).,!S$($'
!.',$.8!..'#!'.$'8E'!3?&!""$B
!"#$%&$'()*+,'-$.&,'*/012344***/"" /67 87//***/09:8
123
C.3'HN1$3/3'#!'R!*1/.'!*$8)"$1'#!'R"/3!.#$@X.)"#!*!&'/'3!#&k1' ,!"'.$'-!..!3$'1!""!*$.'3J*7'#)*037'!3%$""/$#)"37'!*0!%$#)"3L
Q!%)'#D$8)"'R!*1/.'*)')-/"$'.DE*%!.r 3).3'(!&'#!'0$,'$'0$,'.D!*)"8!'3!""$7
#!'8$"'$'8$"'.D!38$"$%#/*$'1!""$7 .$'().1$'#!'3$2/"'#!',).'$',).BBB
'''+Q$*1'V 7'<=)'d/"/*!&A7'(B'\Y_@\\Y:
C*0!%$1',!"'.$'-!..!3$'#!'.$'Q"!$0/J'/',!"'.$'-!..!3$'#!'.!3'0"/$1&@
"!37' R!*1/.' 3DU$' )-./#$1' #!' 8/"$"' 0$,' !*#/*3' /7' #D$?&!31$' 8$*!"$7' 3DU$'$..&*M$1'#!'.Do*/0$'(/$'#!'0)**!01$"'$8-'!.'Q"!$#)"B' !'$'1)8-'
"!0)"#$"'?&!'d!1"$"0$7'!*'!.'1!N1'$-$*3'!38!*1$1'!*'?&H'"!.$1$'.$' 3!($'$30!*3/J'$.',&/%' !*1J3'#!'d")(!*K$7'!N,./0$'?&!7'&*'0),'$.' 0/87')-"!'$'.D$1c$"'&*'().&8'#!'.!3' 2"[)//#2"/'#!'3$*1'T%&31;'/'!*3)@
,!%$'$8-'&*'2"$%8!*1'+?&$3/'(!;'#!.'?&!'U!8'0/1$1'$-$*3:'?&!'./'2$'
?u!31/)*$"'!.'3!*1/1'#!'.$'3!($'$30!*3/J7'8)1/($#$',!.'#!3/%'#!'0)*@
1!8,.$"'.$'-!..!3$'#!'.$'0)*1"$#$'#!3'#D&*',&*1'!.!($1L
V'3!D*'($*'!.3'U)8!3'$'$#8/"$"'!.3'0/83'#!'.!3'8&*1$*M!37'/'.!3'/*@
%!*13')*$#!3'#!.'8$"7'/'!.3'$8,.;33/83'0)""!*13'#!.3'"/&37'/'.!3'0)31!3' 3/*&)3!3'#!'.D^0!E7'/'.!3'F"-/1!3'#!.3'$31"!37'8!*1"!'3D)-./#!*'#D!..3' 8$1!/N)3BBB'+Q$*1'f7'(///7'46:
>!$.8!*17'$?&!31$'0";1/0$'$%&31/*/$*$'#!.'#!3/%'U&8E'#!'(!&"!' 8J*7'#D$?&!31'!30$,/38!'0$,'$'.$'*$1&"$7'3/'$'$.%o'G3'$,./0$-.!7'G3'
$' !"#$%&!"7'(/$1%!"',!"'1!""$7'8$"'/7'/8$%/*$1/($8!*17',!"'$/"!B' b*' !"#$%&!"'?&!7'?&$*'!30"/(/$' !"#$%7'(/(/$'1&"8!*1$1',!"'1)1'
#!'#&-1!3'3)-"!'.$'2&*0/J'#!'.$',)!3/$'/'.$'0)*%"&H*0/$'#!'.$'3!($' ,"E01/0$'$8-'.$'()0$0/J'"!./%/)3$7'0)8'($',)3$"'#!'8$*/2!31'!*'!.' 8$%*;2/0',)!8$'< )"$'.$'8$"A'+#$1$1'$'Q$.#!1!37'4Z'#!'%!*!"'#!' 455\7' #!3,"G3' /*0.F3' $' B92*/& +)9& !98!*#:7' ?&!' 1$*' -G' U$' !31&#/$1'
>/0$"#'a)""!*13L
,!"'?&H7',!"'?&H7'!*%$*M)3$',)!3/$7 8D!*3!*M!3'$'2!"'8)*3v4_
4_B' a !!"#$%7' >/0$"#B' <(2*!& 9!& 4!*7' &*' 8/0")0)38)3' (!"#$%&!"/EAB' TL' ()*+!$,)*-&./0,+#/&#&!1*23#4!5#2"/7',B'4[\@49YB
!"#$%&$'()*+,'-$.&,'*/012344***/"5 /67 87//***/09:8
124
b*3'?&$*13'$*M3'8G3'1$"#7'.D$%)31'#!'45597'$8-'!.' !"#$%&S$'!*@
..!31/1'/',&-./0$17'!.',)!1$'($'!30"/&"!'#!3'#!'d"&/1'$?&!..$'1!""/-.!' 0$"1$'$'.D$8/0'/'0).e.$-)"$#)"'g$&8!'Q)..!..7'!*'?&H'./'#!/$'$..F'#!' U!9)& 24"#!& [)5#0IYZ'3;8,1)8$'!(/#!*1'#!.'"!,.$*1!S$8!*1'"$#/0$.'
#!'.D!N/31H*0/$'?&!'U$(/$'$*$1'0)($*17'/'?&!'!3'($',"!0/,/1$"'$""$*'#!.' (/$1%!'$'a!""$'O$*1$'?&!'($'2!"'$?&!..'8$1!/N'$*MB
a)"*$*1'$'R!*1/.7'#!3,"G3'#!'1)1'!.'?&!'3DU$'#/1'G3'!(/#!*1'?&!'
$?&!31',!"3)*$1%!'U$(/$'#!'8)"/"'1"E%/0$8!*17'*)'3).3',!.3'/8,!"$@
1/&3' $"%&8!*1$.3' #!' .$' ..!%!*#$' )"/%/*$.' /' #!.' ,)!8$' (!"#$%&!"/E7' 3/*J',!"?&H7'$'8G37'"!,"!3!*1$($'&*'8)#!.'#D$"1/31$'0)*2./01/&'?&!' 1!*#/$'$'3)2"/"'&*$'<!8-"/$%&!3$'#!'.$'/8$%/*$0/JA7'!N,"!33/J'?&!' g$&8!'Q)..!..'($'2!"'3!"(/"'!*'&*'8)8!*1'#!.'3!&'0$"1!/%'$8-' !"@
#$%&!"'$',"),F3/1'#!'.$'.$-)"/)3$'0)8,)3/0/J'#!.'<Q$*1'#!'R!*1/.ABY4' a$*8$1!/N'$?&!31'0$*1'2/*$.'/'o*/07'?&!'.DU!")/@$"1/31$'!*1)*$'S&31'
$-$*3' #D!N,/"$"7' 1$*' #/2;0/.' #D/*1!","!1$"' !*' .$' 3!($' 3/*&)3/1$1' /' .$' 3!($'#!*3/1$17',)13!"'U$'#!'3!"'!*1H3'0)8'&*'/*1!*1'#!3!3,!"$1'#!' 0)*0/./$"'.$',&.3/J'#/%&!8@*!'!31!1/0)$8)")3$'/'.$',&.3/J'"!./%/)3$B'V'
&*'/*1!*17'1$8-G7'#D$0)31$"'#)3'8)*3L'!.'3!*3/-.!7'!*'!.'?&$.'R!*1/.' U$'?&!#$1'!*%$*N$17'/'!.'#/(;7'$.'?&$.'$3,/"$'$'$30!*#/"BYY
C*'&*'$.1"!'*/(!..7'8G3'$&1)-/)%"E2/07'.$'2/%&"$'#!'R!*1/.'1$8-G'
!*0$"*$'.D$8-/%&$'3/1&$0/J'#!' !"#$%&!"L'&*'0$,!..E',)!1$'?&!'U$@
(/$'#!3!"1$1'#!'.$',"/8!"$'8/33/J',$31)"$.'+$'.$',$""F?&/$'#!' /*M)@
.!3'#D^";3:'/'?&!7'#!3,"G3'#!'.D!1$,$'#!'0$,!..E'#!'($/N!..7'!N!"0/$'#!' 0$,!..E',"/($1'#!.3'8$"?&!3)3'#!'Q)8/..$37'&*$'2)"8$',)0'#/33/8&@
.$#$'#!'8!0!*$1%!'?&!'./',!"8!1/$'#!'#!#/0$"@3!'$'.$'./1!"$1&"$7'&*$'
$01/(/1$1'8&*#$*$BY\'g)$?&/8'P).$3'$2/"8$'?&!' !"#$%'G37'!*1"!'$.@
YZB' Cg 7'().B' 7',B'4`6B
Y4B' Cg 7'().B' 7',B'6\@6[B'=$'0$"1$'!31E'#$1$#$',!"'Q)..!..'$' /0'!.'Y`'#D)01&-"!'
#!'4556B'O)-"!'.$'0)8,)3/0/J'/'!.'3/%*/2/0$1'#!.'<Q$*1'#!'R!*1/.A7'(!%!&'>/0$"#'
= !!"#$%B'<O/3'(!"3/)*3'#!.' !"0&+)&Z)"0#9AB'TL'()*+!$,)*-&./0,+#/&#&!1*23#4!5#' 2"/7',B'49\@YZZB'O)-"!'.$'/*1!"(!*0/J'#!'Q)..!..7'(!%!&'1$8-G'g)$*'>"?'"%"#%B' ./0,+#/&8)*+!$,)*#!"/&+)&\!,4)& 299)99B'l$"0!.)*$L'l$"0/*)7'4__97',B'64@4[9B
YYB' O)-"!'.$'3!*3/-/./1$1'")8E*1/0$'#!'R!*1/.7',")1)1/,&3'#!'.D$"1/31$'")@
8E*1/07' (!%!&' .D!31&#/' #!' d!"!' a,8B' <T,)"1$0/J' #D&*$' .!01&"$' ")8E*1/0$' #!' !"#$%AB'<",!*#&()*+!$,)*&=>?@7',B'4\\@4[`B
Y\B' C*'.$'.;*/$'$&1)-/)%"E2/0$7'=.&;3'g !4*B'< !"#$%&)'&*$'../KJ'#!'2$*1$3/$'
!3,/"/1&$.AB' *#0)*#2"&+<9/&@]&!";/&+)9&12)4!&Q$*/%J:B'l$"0!.)*$@O$""/E7'4_947'
*o8B'`7',B'\_@9Z7'$2/"8$'?&!'<$8-' !"#$%7'!.'3&-0)*30/!*1'#!' !"#$%&!"'().@
!"#$%&$'()*+,'-$.&,'*/012344***/": /67 87//***/09:8
125
1"!3'0)3!37'!.',)!8$'8G3',!"3)*$.'#!' !"#$%&!"BY['^,/*)'?&!'$/NF' G3'$-3).&1$8!*1'0!"17'!*'8G3'#D&*'3!*1/17'*)',$3'3).$8!*1'.D!31H1/0B' T' !"#$%I& !"#$%&!"&U/'($'$-)0$"'1)1'!.'3!&'3$-!"'%!)%"E2/07'./*%u;3@
1/0'/',)H1/07'!.3'3!&3'/#!$.3'"!./%/)3)3'/',$1"/F1/037',!"F'1$8-G'!.3'3!&3'
*!%&/13'8G3';*1/83'/'/*1!*3)37'.!3'1!"-).!3!3'#!'.$'3$*%'/'.D!3,!"/1B
5!" 6&'7%1"&8%.('3(%"%&"3).9)'",)"&%":)
b*'0),'./?&/#$1'R!*1/.7'&*'$.1"!'$"1/31$'"!0)""!"E'!.3'(!"3)3'#!' !"#$%B'b*'$"1/31$'8).1'#/2!"!*17'&*'3!%)*')*0.!'#!'R!*1/.7'.D$-$1'
^./-$7'?&!'1$8-G',&S$"E'!.'Q$*/%J7'0)8'!.'*!-)17',!"F'*)',$3'!*' 0!"0$'#!'0$,'8$*1!..'#!'2$#$7'3/*J',!"',.$*1$"@U/'.$'Q"!&B'b*'$"1/31$' 0)8,")8H3'$8-'.D)"#"!'3)0/$.7'?&!',")S!01$'8)*&8!*13'#D&1/./1$1' ,o-./0$7'$.'3!"(!/'#!'.$'2!7'/'!*'#/"/%!/N'.$'0)*31"&00/JB'C*'!.',)!8$7'
$.'0$*1+fV'+1/1&.$1'<^./-$A:7'3!'./'$1"/-&!/N'!.'#/33!*M'#!'.D!3,.H*#/#$' ,)"1$#$'#!.'8)*!31/"'#!'>/,)..7'<,!"'3)*'%!*/'#/-&/N$#$A'+(B'YZ6:B' C.'2")*1/3,/0/'G3'2"&/1'#D&*'.$-)"/J3',")0G3L
C*$8)"$1'$"1/31$7'.)'3)8/$
#!'*/17'*!'2$'#/-&/N)3'0$#$'#/$7
?&!'$.'(!&"!'.D!*#!8E'"!-$1'$.'2)07 /7'*)',)#!*1@*!'!.',!*3$8!*1'#/31"$&"!7
!8-$31$'*)&3',")S!01!37'?&!'U$*'#!'0$&"!
1$8-G'!*')-./17'0)8'#/*3'.$'8$"'&*'")0B +Q$*1'fV7'<^./-$A7'(B'4_\@4_5:
OJ*'&*'(!"3)3'?&!'!*3',"!3!*1!*'&*$'$.1"$'8!*$'#D$"1/31$7',!"F' 1$8-G'&*'$.1"!'8)8!*1'#!'.$'0"!$0/J'$"1;31/0$B'O/'.D$(!*1&"$'#!'R!*@
1/.'!()0$($'!.'8)8!*1'#!'.D!8)0/J7'#!'.$'3!*3/-/./1$1'0).,/#$'/'0$,1/@
($#$',!"'.$'-!..!3$7'#!'.$'/*3,/"$0/J'3/'!3'().7'!.'1"!-$..')-3!33/&'/'2$1/@
%&G'3&,!"$"'/'./?&/#$"'#!2/*/1/($8!*1'1)1$'&*$'U/31F"/$'$*1/%$'?&!'U$(/$'!31$1'
$"")33!%$*1'$.'..$"%'#!.3'$*M3A'+,B'[6:B'C3'"!2!"!/N'$'&*'!*$8)"$8!*1'S&(!*/.'#!' !"#$%&!"'?&!'!.',)!1$'U$&"/$'"!2.!01/1'!*'.$'"!.$0/J'#!'R!*1/.'$8-'R"/3!.#$@
X.)"#!*!&B'
Y[B' g)$?&/8'@ 3&%B'<g$0/*1' !"#$%&!"AB'TL'>,?'"!7'P$"1;'#!r'Q )&%7' T*1)*/r'@ 3&%7'g)$?&/8B'H#/06*#!&+)&9!&9#0)*!0,*!&5!0!9!"!-&l$"0!.)*$L'T"/!.7' 4_597'().B' VV7',B'Y`4B
!"#$%&$'()*+,'-$.&,'*/012344***/"6 /67 87//***/09:8
126
%J3'#D^./-$'!()0$'!.'8)8!*1'#!'.D!.$-)"$0/J7'#!.'2"$0E3'/'.$'"!,"!3$7'
#!'.D)2/0/7'.D!32)"K'/'.$'1"$*3,/"$0/J7'?&!'1")-!*'&*$'"!0)8,!*3$'o.1/@
8$'!*'.$'8!"$(!..)3$',!"2!00/J'2)"8$.'#!'.D)-"$'$0$-$#$B'I)3'8)@
8!*13'?&!' !"#$%&!"'0)*!/N/$',")&'-GB'C*'!..'0)*(/(/!*'.D!N0&"3/)@
*/31$'?&!'3D!8)0/)*$($'$8-'.$'0)*1!8,.$0/J'#!.',$/3$1%!'/'.D!30"/,1)"'
?&!'*)'!3'0$*3$($'#!',!"2!00/)*$"'!.3'1!N1)3'|0)8'!*'#)*!*'-)*' 1!31/8)*/'!.3'3!&3'8$*&30"/137'1$*'.$-)"/)3$8!*1'!38!*$13|B
i)'!3',)1'*!%$"'?&!'.$'/*0)",)"$0/J'#D^./-$'$.',)!8$'!*'.Do.1/@
8$'2$3!'#!'.$'3!($'"!#$00/J7'!.'45567',)0'$-$*3'#D$*$"'$'.$'/8,"!81$7'
"!3,)*'$'&*'0!"1'),)"1&*/38!L'!3'1"$01$($'#D$2!%/"'!.'8)*!31/"'#!'
>/,)..' $.' 0)*S&*1' #!' 8)*!31/"3' ,/"/*!*03' !()0$13' $' !"#$%' +O$*1' P$"1;7'O$*1'P/?&!.'#!'Q&/NE7'!10B:'/7'#!',$33$#$7'2!"'&*'U)8!*$1%!'
$.'-/3-!'P)"%$#!37'$.'?&$.'($'#!#/0$"'!.'0$*1'fV7'?&!'$0$-$($'#D$0)*@
3!%&/"'#!'.DC31$1'!3,$*M).'!.'1"$3,E3'#!'.$',"),/!1$1'#!.'8)*&8!*1'/'
!3',"),)3$($'#!'#/"/%/"@*!'.$'"!31$&"$0/J7'0)8'&*'3!%)*'^./-$BY6'C.'
%!31'#!' !"#$%&!"'3!"/$'#!%&#$8!*1'"!0)8,!*3$1',!.',"!.$17'?&!'!.' 45597'$'.$'2!31$'#D/*$&%&"$0/J'#!'.!3')-"!3'#!'"!31$&"$0/J'#!.'8)*!3@
1/"7'./'($'/8,)3$"'&*$'0)")*$'#!'..)"!"'/'!.'($'!.!($"'3/8-F./0$8!*1'$' .$'0$1!%)"/$'#!',)!1$'*$0/)*$.B' $.'$'#/"7',!"F7'?&!7'&*'0),'2/*$./1c$@
#!3'.!3')-"!37'!*0$""!%$#!3'$'.D$"?&/1!01!'C./!3'>)%!*17'!.'8)*!31/"' ($'3!"'0)*3$%"$1'!*'&*$'%"$*'0!"/8F*/$',o-./0$7'#!'.$'?&$.' !"#$@
%&!"'($'3!"'$-3!*1B'T/NF',$33$($'!.'45_\7'.D$*M'?&!'($'!30.$1$"'!.'0)*@
2./01!'/'!.',)!1$'($'3!"'#!31!""$1'$.'3$*1&$"/'#!'.$'R.!($B
ODU$'"!1"!1'$' !"#$%&!"'?&!'0)*(!"1;3'^./-$'!*'&*'$"1/31$'/'?&!' ./'$1"/-&;3'.D$&1)"/$'#!'.$',)"1$#$'#!'>/,)..7'&*$')-"$'8G3'#!'0!*1'
$*M3',)31!"/)"'$'.$'"!31$&"$0/J'#!'4Z\Y'?&!'.D$-$1'($'#/"/%/"B'a$*8$@
1!/N'3DU$'#!'1!*/"'!*'0)8,1!'?&!'&*$'0)3$'G3'.$'/*2)"8$0/J'#!'?&H'
#/3,)3!8'$(&/'/'&*$'$.1"$'$?&!..$'#!'?&H'!3'#/3,)3$($'!*'1!8,3'#!.' ,)!1$B'I!'2!17'3!%)*3'.DU/31)"/$#)"'C#&$"#'g&*M!*17'!.'4_Z`'g)3!,' d/S)$*' !*0$"$' 3)31!*/$' ?&!' .$' ,)"1$#$' !"$' )-"$' #D^./-$BY9' ID$.1"$' -$*#$7'3/'8G3'*)'!*'.$'1"$#/0/J'0&.1&"$.'#!.'0$1)./0/38!'0$1$.E7'3!8@
,"!'U$'!31$1'"!8$"0$#$'.$'2$0!1$'$"1;31/0$'#D^./-$'0)8'$'!30"/,1)"'/'
Y6B' !%!&' a !!"#$%0+ >/0$"#B' <Q)*1"/-&0/JBBBA7' ,B' Y\4B' =$' #!#/0$1F"/$' #!.' 0$*1'fV'$'P)"%$#!3'($'#!3$,$"G/N!"'!*'.D!#/0/J'#!2/*/1/($'#!'4_Z47'!*'.$'?&$.' !"@
#$%&!"'($'$2!%/"'0)8'$'!,;.!%'#!.'().&8'!.',)!8$'<=)3'#)3'0$8,$*$"3AB
Y9B' g'#5"#$0+ C#&$"#B' .9& 42")/0#*& +)& F!"0!& U!*#!& +)& A#1299B' l$"0!.)*$L' V8,"!33/J'>/!&33!17'4_`67',B'\5B'
!"#$%&$'()*+,'-$.&,'*/012344***/"! /67 87//***/09:8
127
0)*31"&01)"'#!'8)*&8!*13B'T/N;7'T*3!.8'PB'T.-$"!#$'!.'#!2/*!/N' 0)8'&*'<!30"/,1)"',&.0"!7'!*'(!"3'/'!*',")3$A7'!.'?&$.'<"!$./1cE'&*$' )-"$'/*%!*1'0)8'$'0)*31"&01)"'#D!3%.G3/!3'/'U$'!31$1'$*)8!*$1'!#&@
0$#)"'/',$1"/$"0$'!3,/"/1&$.'#!'.$'Q$1$.&*M$'(!..$BAY`
C*'1)1'0$37'*)'1G'0$,'/*1!"H3'#/30&1/"'3/'.D^./-$'#!' !"#$%'G3'&*'
"!1"$1',)0')'%!*3'2/#!.'#!'.D^./-$'U/31F"/0B'C31!8',$".$*1'#D&*$')-"$' ./1!"E"/$'/'*)',$3'#D&*$')-"$'U/31)"/)%"E2/0$B'C.'?&!'/*1!"!33$'"!8$"@
0$"'$"$'G3'?&!7'1$.'0)8'!.',"!3!*1$' !"#$%&!"7'^./-$'G3'1$8-G'&*'
$"1/31$7',!"F'&*'$"1/31$'?&!'!*0$"*$'&*'8)#!.'0)*1"$,)3$1'$.'?&!'!*@
0$"*$($'R!*1/.B'^./-$'*)'!3'#!30.$33$'*/'3D!3%$""/$B'i)'!3',)1'#/"'?&!' 3/%&/'/*3!*3/-.!7',!"F'G3'/88&*!'$'.$'&",$#$'#!'.D$8)"'/'$'.$'2$30/*$@
0/J'#!'.$'-!..!3$'*$1&"$.B'V'1G'-!*'0.$"',!"'?&H'/',!"'?&/'1"!-$..$'/'?&/*3' )-S!01/&3'"!./%/)3)3'/'3)0/$.3',!"3!%&!/NL'.$',)"1$#$'#!'>/,)..'G3'&*'
<,)!8$A'+Q$*1'fV7'(B'Y44:'#!',!#"$'?&!'#/(&.%$'!.'8/33$1%!'0"/31/EL'
<p&/',$33$"E',!"'3)1$'$?&!/N$'$"0$#$']'-G',)#"E'#/"'?&!7'!*'3;*1!3/3' 3$%"$#$7']'.)'8J*7'.)'1!8,3'/'!1!"*/1$1'U$'(/31A'+Q$*1'fV7'(B'Y_Y@Y_[:B
;!" <2+=&$3'>
Q)8'3DU$'/*1!*1$1'#!'#!8)31"$"7'$.',)!8$' !"#$%&.$'0)*1"$,)3/@
0/J'!*1"!'!.3'#)3'8)#!.3'#D$"1/31$'?&!'"!,"!3!*1!*7'"!3,!01/($8!*17' R!*1/.'/'^./-$'!31E'8).1'-!*'#!2/*/#$B'C.',"/8!"'!*0$"*$'.D),0/J'#!' .D$"1/31$'#!3!/N/1'#!'.!3'3!(!3')-./%$0/)*3'3)0/$.37'3&-S&%$1',!"'.$'-!@
..!3$'#!'.$'Q"!$0/J'/'$-)0$1'$'.D!2&3/J'.;"/0$B'C.'3!%)*'"!,"!3!*1$'.D$.@
1!"*$1/($'),)3$#$L'.D$"1/31$'0)8,")8H3'$8-'.$'"!./%/J'/'.D)"#"!'3)0/$.7' ,.$*/2/0$#)"'/'0)*31"&01)"'#D)-"!3'#D$"1'#D&1/./1$1',o-./0$7'#!31/*$#!3'
$'.$'%.)"/2/0$0/J'#!.'Q"!$#)"B'q3')-(/'?&!'.D),0/J'#D^./-$'0)*0)"#$' ,.!*$8!*1'$8-'.$'/#!).)%/$'#!'.D$&1)"B'a$*8$1!/N'*)'!3',)1'*!%$"'
?&!'.$'2/%&"$'#!'R!*1/.',$1!/N'&*$'!N1"!8$'3!*3/-/./1$1'#$($*1'.$'-!@
..!3$'#!.'8J*7'2)*1'#!',&.3/)*3'/""!,"/8/-.!3'/'#!3/%3'/*1!*3)37'0)8'
!.3'?&!'#!(/!*'!8,$"$"@3!'#!.',)!1$'?&$*'0)*1!8,.$($'!.'d/"/*!&B
Y`B' T3/&!"4&0+T*3!.8'PB'H#/06*#!&+)&U2"0/)**!0-'l$"0!.)*$L'd&-./0$0/)*3'
#!'.DT-$#/$'#!'P)*13!""$17'YZZ67',B'46B'C*'$?&!31$'.;*/$7'1$8-G'!3',)#"/!*'0/1$"'
$.%&*3',$33$1%!3'#DT/&4&3+,+4"+A,#5&3%7'>$8)*B'EL!S!0&Y9#S!&#&9!&/)8!&^125!B' l$"0!.)*$L'C#/1)"/$.'T!#)37'4_9YB'
!"#$%&$'()*+,'-$.&,'*/012344***/"; /67 87//***/09:8
128
d)13!"' $?&!31$' 1!*3$' #&,./0/1$1' )' 0)8,.!8!*1$"/!1$1' !N,./0$'
?&!'!.'8/33$1%!'#!.'1!N1'(!"#$%&!"/E'*)'3/%&/'0)*0.)!*1B'C*0$"$'?&!' R!*1/.'8)"/'!31/8-$1'/'.$'0)""&$'#!'8)*S)3'!*0$,K$.$#$',!"'^./-$' ,&%/'1"/)82$.8!*1'$',.$*1$"'.$'Q"!&'$.'0/8'#!.'Q$*/%J7'1)1'2!*1@*!' 2&%/"' .!3' 2$#!37' !.' 0)*2./01!' !*1"!' $?&!313' #)3' 8)#!.3' #D$"1/31$' *)' 3D$0$-$'#!'"!3).#"!B'd!"?&H7'#!'2!17'*)'!3',)1'"!3).#"!B'=$'3/8,$1/$'
?&!'0)8&*/0$'!.'1!N1',!"'R!*1/.'/'.!3'2$#!3'!N,&.3$#!3'3&-(!"1!/N'!*' 0!"1$'8$*!"$'!.'8/33$1%!',o-./0'#!.',)!8$7'?&!'*)'G3'$.1"!'?&!'/#!*@
1/2/0$"'.$'0"/31/$*/1c$0/J'/'.$'#!3,$%$*/1c$0/J'$8-'.D)"/%!*'*$0/)*$.'
#!'Q$1$.&*M$B'C.'2/*$.7'#)*037'G3'$8-/%&7'0)8'U)'!"$'/'U)'3!"/$'1)1$' .$'(/#$'.$'3/1&$0/J'#!' !"#$%&!"7'$1"$,$1'!*1"!'!.'#).8!*'/'.D$.1$"B'^'
!*1"!'.$'1!8,1$0/J'#D!30"/&"!'!*'../-!"1$1'3)-"!'?&$.3!().'1!8$'U&8E' /'!.'0H"0).'#!'2!"")'!*'?&H'3DU$(/$'1$*0$17'3!%)*3'?&!'!..'8$1!/N'($' 0)*2!33$"'!*'&*$'0)*(!"3$'#"$8E1/0$'$8-'T,!.e.!3'P!31"!3BY5
=D!N/31H*0/$'U&8$*$'!31E'2$1$.8!*1'$33)0/$#$'$'0)*1"$#/00/)*3'/'
$'0)*2./01!3'/""!3).&-.!3B'C.'%"$*'$"1'/'.$'%"$*',)!3/$'1!*!*'.$'(/"1&1'
#D!N,"!33$"@.)3'$8-'/*1!*3/1$1'!31H1/0$'/'!8)1/($7',!"F'*)'!.3'"!3)@
.!*'8$/B'V'$/NF'($.7'G3'0.$"7',!"'$.' !"#$%&#!' !"#$%&!"B
Y5B' P"%$!"%0+T,!.e.!3B'<b*$'0)*(!"3$'$-'P)33H*'Q/*1)AB':^9&_&:924!7'
*o8B'5_'+%!*!"'#!'4_Z\:7',B'4@\B'C*'$?&!31'1!N1'!3',)3!*'!*'-)0$'#!' !"#$%&!"' .!3',$"$&.!3'3!%u!*13L'<I!'(!%$#!3'$-$/N)'!.3'&..3't'.$'1!""$'M'!*'(!/%'8).1$3'#!' 0)3$3'?&D!8'3!#&U!/N!*r'.$'i$1&"$.!3$'M'!.3'U)8!3'8D)2!"!/N!*'?&$#")3'?&D!8' 3!8-.$'?&D!*0$"!'2J"$'0$,t3'#!'0$*1$".)3BBB'M'#!'0$*1$".)3'-GB'd!"F7'S$'./'U!'#/17' 8DU!'1$*0$1'!*'&*'0;"0&.'#!'2!"")BA
!"#$%&$'()*+,'-$.&,'*/012344***/"0 /67 87//***/09:8
