Page 1

JANUARY 2011 J

2010 AMA Motorcyclist Of The Year Arnold Schwarzenegger: Will His New Law Silence Your Ride?

THE JOURNAL OF THE


R

S

Support the Hall of Fame!

Show your motorcycle spirit this holiday season and help the Motorcycle Hall of Fame at the same time with Motorcycle-themed holiday cards. All proceeds support the Hall of Fame and its mission to tell the amazing stories of its members. Our cards – delivered in boxed sets of 25 cards each – are adorned with motorcycling art and can include a custom message on the inside. And you can rest assured that 100% of the proceeds from your purchase will help us preserve the heritage of motorcycling for future generations.

HolidayCards

Holiday cards for our kind of people. MotorcycleMuseum.org


Call 1-800-442-9253 today or visit your local office. Motorcycle and ATV coverages are underwritten by GEICO Indemnity Company. Homeowners, renters, boat and PWC coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. Some discounts, coverages, payment plans and features are not available in all states or all GEICO companies. Government Employees Insurance Co. • GEICO General Insurance Co. • GEICO Indemnity Co. • GEICO Casualty Co. These companies are subsidiaries of Berkshire Hathaway Inc. GEICO: Washington, DC 20076. © 2011 GEICO


5(=0.(;065

*V]LY

;OLWLYZVU^OVOHK[OLTVZ[ZPNUPÄJHU[PTWHJ[ VUTV[VYJ`JSPUNPU&*HSPMVYUPH.V](YUVSK :JO^HYaLULNNLY(ZHYLZ\S[:JO^HYaLULNNLYPZ[OL (4(4V[VYJ`JSPZ[VM[OL@LHY-PUKV\[^O` ILNPUUPUNVUWHNL7OV[VI`9VILY[.HSSHNOLY 1).7OV[V

5H]PNH[PVU7OV[V

>OVTHRLZ[OLY\SLZMVY(4(9HJPUNHTH[L\YYHJPUN KPZJPWSPULZ&@V\»YLSVVRPUNH[»LT!TLTILYZVM[OL (4(*VUNYLZZ

3,;;,9:

@V\^YP[L^LYLHK

96)+05.4(5

5HTPUN[OL(4(4V[VYJ`JSPZ[VM[OL@LHY

90./;:

*OHSSLUNLZMHJPUNVMMOPNO^H`YPKLYZHUKHU[PSVJRIYHRPUNJVU[YV]LYZ`

90+05.

@V\JHUI\PSK`V\YKYLHTTHJOPULMVYZOVY[TVUL` (TLYPJHU4V[VYJ`JSPZ[THNHaPUL 0::5 PZW\ISPZOLKTVU[OS` I`[OL(TLYPJHU4V[VYJ`JSPZ[(ZZVJPH[PVU @HYTV\[O+Y7PJRLYPUN[VU6/ *VW`YPNO[I`[OL(TLYPJHU4V[VYJ`JSPZ[ (ZZVJPH[PVU(TLYPJHU4V[VYJ`JSPZ[ 7YPU[LKPU<:(:\IZJYPW[PVUYH[L!4HNHaPUL Z\IZJYPW[PVUMLLVM JV]LYLKPUTLTILYZOPW K\LZ" H`LHYMVYUVUTLTILYZ 7VZ[THZ[LY!4HPSMVYT [V @HYTV\[O+Y7PJRLYPUN[VU6/ 7LYPVKPJHSWVZ[HNLWHPKH[7PJRLYPUN[VU6OPV HUKH[HKKP[PVUHSTHPSPUNVMÃ&#x201E;JLZ

1HU\HY` =VS\TL5\TILY 7\ISPZOLKI`[OL (TLYPJHU4V[VYJ`JSPZ[(ZZVJPH[PVU @HYTV\[O+Y 7PJRLYPUN[VU6/ (4(1605 (TLYPJHU4V[VYJ`JSPZ[JVT

(TLYPJHU4V[VYJ`JSPZ[JVT

9(*05.

;YL`*HUHYKPZTV]PUN\WPU:?HUK(4(;LHT<:(NL[ZVU[OLIV_H[ 0:+,

/(336--(4,

/HSSVM-HTLY)LU5PNO[OVYZL*HTWILSS)VHYK4LTILY,KKPL*VSLHUKH -V_(PY:OV_LX\PWWLK :\a\RP94

;/,(4(46;69*@*30:;6-;/,@,(9

*HSPMVYUPH.V](YUVSK:JO^HYaLULNNLY^OVZPNULKHSH^[OH[JV\SKHMMLJ[ TV[VYJ`JSPZ[ZUH[PVU^PKL

;/,365.>(@/64,

5VY[O(TLYPJHU[LYYHPUYL]LHSZYPJOJOHYHJ[LYLUKSLZZWV[LU[PHS

.690+,

>OH[[VKV^OLYL[VNV

)<AA2(5;,9 [OPUNZ0SLHYULK


LAN D S E C A S LOU IE P D S LEA D A L W CRA D U T H S Y HEA H T L C A R U S IN PER O S D E R F L A N DIS N IV D E C A R T WHAT ARE YOU FIGHTING FOR?

E M G

Don’t sit on the sidelines. Engage in the fight for your freedoms. Go online to AmericanMotorcyclist.com > Rights > Issues and Legislation. Pick an issue that threatens your motorcycling rights. Take action by writing your representative. The AMA makes it easy to fight for, and protect, your freedoms. While you’re online—continuing to help us fight for your freedom to ride—please renew your AMA membership. Visit AmericanMotorcyclist.com or call (800) AMA-JOIN to renew your AMA membership today.


,+0;690(36--0*,:

(4()6(9+6-+09,*;69:

(TLYPJHU4V[VYJ`JSPZ[ @HYTV\[O+YP]L 7PJRLYPUN[VU6/   Z\ITPZZPVUZ'HTHJ`JSLVYN

*VU[HJ[HU`TLTILYVM[OL(4()VHYKVM +PYLJ[VYZH[^^^(TLYPJHU4V[VYJ`JSPZ[ JVT^OH[PZ[Y\Z[LLZHZW :[HU:PTWZVU*OHPYTHU *PIVSV;L_HZ

.YHU[7HYZVUZ+PYLJ[VYVM*VTT\UPJH[PVUZ 1HTLZ/VS[LY4HUHNPUN,KP[VY )PSS2YLZUHR.V]LYUTLU[(MMHPYZ,KP[VY 4HYR3HWPK*YLH[P]L+PYLJ[VY 5VYH)LYHYKP7YVK\J[PVU*VVYKPUH[VY 1LU4\LJRL+LZPNULY

1PT>PSSPHTZ=PJL*OHPYTHU 0Y]PUL*HSPM 1VU,YPR)\YSLZVU(ZZPZ[HU[;YLHZ\YLY 4\YYPL[[H*HSPM 7LYY`2PUN(ZZPZ[HU[:LJYL[HY` 5VY[OLYU*HSPMVYUPH

(+=,9;0:05.

1VOU<SYPJO,_LJ\[P]L*VTTP[[LL4LTILY 3HRL,SZPUVYL*HSPM

)VI)\JOHUHU(K]LY[PZPUN4HUHNLY II\JOHUHU'HTHJ`JSLVYN

(UK`.VSKÄUL+\S\[O4PUU

9H`4VUYVL(K]LY[PZPUN4HUHNLY YTVUYVL'HTHJ`JSLVYN

*OHYSLZ.VTHU>PUKLY.H 4HNNPL4J5HSS`(SIHU`5@

4PZ[`>HSRLY(K]LY[PZPUN(ZZPZ[HU[  L_[T^HSRLY'HTHJ`JSLVYN

:JV[[4PSSLY4PS^H\RLL>PZ

(SS[YHKLTHYRZ\ZLKOLYLPU\USLZZ V[OLY^PZLUV[LKHYLV^ULKI`[OL(4( HUKTH`VUS`IL\ZLK^P[O[OLL_WYLZZ ^YP[[LUWLYTPZZPVUVM[OL(4( (TLYPJHU4V[VYJ`JSPZ[PZ[OLTVU[OS`W\ISPJH[PVUVM[OL(TLYPJHU 4V[VYJ`JSPZ[(ZZVJPH[PVU^OPJOYLWYLZLU[ZTV[VYJ`JSPZ[ZUH[PVU^PKL -VYPUMVYTH[PVUVU(4(TLTILYZOPWILULÄ[ZJHSS(4(1605VY ]PZP[(TLYPJHU4V[VYJ`JSPZ[JVT4HU\ZJYPW[ZWOV[VZKYH^PUNZHUK V[OLYLKP[VYPHSJVU[YPI\[PVUZT\Z[ILHJJVTWHUPLKI`YL[\YUWVZ[HNL 5VYLZWVUZPIPSP[`PZHZZ\TLKMVYSVZZVYKHTHNL[V\UZVSPJP[LKTH[LYPHS *VW`YPNO[(TLYPJHU4V[VYJ`JSPZ[(ZZVJPH[PVU

(Y[4VYL:\YWYPZL(YPa 1PT=P]LYP[V*OPJHNV0SS (4(79,:0+,5;(5+*,6 9VI+PUNTHU7PJRLYPUN[VU6OPV

(4(1605 (TLYPJHU4V[VYJ`JSPZ[JVT

*65;90)<;69:(5+:;(--

14

)2

1)

1/

1(4,:4**69@7OV[VNYHWOLY)HZLKPU+LU]LY 4J*VY`ZWLJPHSPaLZPULU]PYVUTLU[HSWVY[YHP[WOV[VNYHWO` SPRL^P[O1\Z[PU3PSS`[OPZTVU[O0UOPZMYLL[PTLOLLUQV`Z WSH`PUNZVJJLYOPRPUNHUKZWLUKPUN[PTL^P[OOPZ^PMLHUK [^V`V\UNZVUZ4VYLH[4J*VY`1HTLZJVT

1(4,:/63;,94HUHNPUN,KP[VY(MYLX\LU[LUHISLY ^OLUV[OLYZPU[OLVMÄJLZOV^PURSPUNZ[VI\`HUL^IPRL VY[Y`HUL^YHJPUNKPZJPWSPUL1HTLZYLJLU[S`W\SSLKVMM[OL \S[PTH[LPULUHISPUN![HRPUNOPZ`LHYVSK[V[OL)4=[V NL[OPZTV[VYJ`JSPUNWLYTP[

)<AA2(5;,9*VU[YPI\[VY(4V[VYJ`JSL/HSSVM-HTLY )\aaYLJLU[S`WHY[PJPWH[LKPU[OL4V[VYJ`JSL*HUUVUIHSSH JYVZZJV\U[Y`YPKLMVYTV[VYJ`JSLZMYVT HUKLHYSPLY 9LHK)\aa»ZSLZZVUZSLHYULKVUWHNL

4(923(70+*YLH[P]L+PYLJ[VY(ML^KH`ZHM[LY[OPZPZZ\L JSVZLK4HYRKLJPKLK[VJLSLIYH[LI`[HRPUNHYLU[HSKPY[IPRL PU[V[OLZHUK`OPSSZHYV\UK3HZ=LNHZ(K]PJLYHUNLKMYVT ¸RLLW`V\YMVV[PUNPU[OLSVVZLZ[\MM¹[V¸TVTLU[\TPZJYP[PJHS" ^OH[L]LY`V\KVKVU»[OP[[OLIHZLVM[OLOPSSZH[HU`[OPUN SLZZ[OHUTWO¹6O^LSS([SLHZ[P[^HZHYLU[HS  569(),9(9+07YVK\J[PVU*VVYKPUH[VY>P[OJLU[YHS 6OPVÄYTS`PU[OLNYPWZVM^PU[LY5VYHOHZKLJPKLK[V YLW\YWVZLOLY*)MVYZUV^K\[`*HUHU`VULZWHYLH JV\WSLZRPZHUKZVTL[HUR[YLHK&(U`IVK`&  1,54<,*2,+LZPNULY6UL[OPUNSP]PUNPU4PS^H\RLL KVLZMVY`V\PZTHRL`V\HWWYLJPH[L[OLLHYS`YPKPUN ZLHZVU·L]LUPMP[»ZVUS`YPKPUNPTHNPUHY`TV[VYJ`JSLZPU`V\Y OLHK^OPSL[OLZUV^ÅPLZ  6[OLYJVU[YPI\[VYZPUJS\KL!.YVNHU:[\KPVZ1LMM2HYKHZ :OHU4VVYL+VU4PSSLY:[L]L)LYRULYHUK4PJOHLS2PYI`

1,--)6.<:20*VU[YPI\[VY1LMMPZH[Y\LHK]LU[\YLYPKLY ;OH[TLHUZHSV[VMYPKPUNHUKHSV[VMHK]LU[\YL9LHKHIV\[ HYLJLU[[YPWVUWHNL )03329,:5(2.V]LYUTLU[(MMHPYZ,KP[VY;PYLKVM SP]PUN[OLK\HSZWVY[SPMLZ[`SL2YLaOHZQL[[PZVULKOPZ+9 /PZZPNO[ZHYLUV^Ä_LKVUHUL^JVTWL[P[PVUYPKL[\ULKMVY [OLYLKJSH`HUKYVV[PUMLZ[LK[YHPSZVMZV\[OLYU6OPV .9(5;7(9:65:+PYLJ[VYVM*VTT\UPJH[PVUZ.YHU[ OHZILLU[OPURPUNSH[LS`HIV\[LSLJ[YPJTV[VYJ`JSLZ>OLUOL JHUNL[VULMVYHIV\[ 2^P[OHYHUNLVMTPSLZH[YLHS ^VYSKZWLLKZOL»ZHSSPU)\[ZH`ZOL»SSHS^H`ZOH]LHWPZ[VU WV^LYLKIPRLHZ^LSS>OVZH`Z[OL[^VJHU»[JVL_PZ[&


;OHUR`V\[VV\YZWVUZVYZHUKWHY[ULYZMVY`V\YJVU[PU\LKZ\WWVY[VM [OL(TLYPJHU4V[VYJ`JSPZ[(ZZVJPH[PVU(TLYPJHU4V[VYJ`JSPZ[JVTQVPUHTH

4,4),9),5,-0;:

SM

SM

7

1HU\HY`


4,4),93,;;,9: 3,;;,96-;/,465;/ (.9,(;+,(3

>LSSSHZ[`LHY0HSTVZ[ZJYL^LK \WHUKSL[T`(4(TLTILYZOPW SHWZL6SK^VYUV\[L_J\ZLZ ¸YLK\JPUNL_WLUZLZ¹[OLMVYLTVZ[ ;OLU^P[O[OLYLJLU[WVSP[PJHS JSPTH[L0KLJPKLKP[ILZ[[VYLTHPU HTLTILY .SHK0KPK(ZHUV^ULYVM ZL]LYHSTV[VYJ`JSLZTHPU[LUHUJL PZHWYPVYP[`;OLL_HJ[HTV\U[PZ UV[PTWVY[HU[I\[[OLU\TILYZ KVU»[SPL>P[O[OLWLYJLU[ (4(TLTILYKPZJV\U[VMMLYLKI` )PRL)HUKP[0ZH]LKTVYL[OHUH `LHYVM(4(K\LZQ\Z[W\[[PUN[PYLZ VUVUS`[^VIPRLZ;OH[»ZQ\Z[[PYLZ 0[KVLZU»[JV\U[VPSÃ&#x201E;S[LYZVYHU` VM[OLV[OLYWHY[ZVYKLYLKMVYZPKL QVIZ :VIHZPJHSS`^LNL[V\Y TLTILYZOPWMVYaLYVJVZ[HM[LY [HRPUNHK]HU[HNLVMQ\Z[ZVTLVM [OLKPZJV\U[ZH]HPSHISL[V\ZHZ (4(TLTILYZ>LYLHSS`KVJVTL V\[HOLHK;OHURZ(4(MVYHSS `V\KVMVYV\YTLTILYZ 7H[YPJR+H]PLZ >PUZ[VU6YL 7H[YPJR+H]PLZ

36<+707,:90:290./;: -YHURS`0»TKLSPNO[LK[VZLL*HSPMVYUPH WHZZHTV[VYJ`JSLUVPZLSH^0»TNSHK[V ZLL[OLZLSH^ZJVTLPUHU`MVYTPUVYKLY [VNL[[OLZLJYL[PUZHUK[OLPYIPRLZVMM [OLYVHKHUK0^PSSNSHKS`ILW\SSLKV]LY H[HTV[VYJ`JSLZWLJPÃ&#x201E;JJOLJRWVPU[[V OLSW[OLJH\ZLQ\Z[HZ0[VSLYH[LZVIYPL[` JOLJRWVPU[Z 9LJLU[S`0[YH]LSLK[V[OLILH\[PM\S

(TLYPJHU4V[VYJ`JSPZ[JVT

:LUK`V\YSL[[LYZHUKHOPNOYLZVS\[PVUWOV[V[VZ\ITPZZPVUZ'HTHJ`JSLVYN" VYTHPS[V@HYTV\[O+YP]L7PJRLYPUN[VU6/

:LULJH9VJRZPU>LZ[=PYNPUPH[OPZ[PTLPU T`[VWKV^UYVHKZ[LYVUHKLNYLLKH` PU6J[VILY0KPKU»[OH]L[OLWYV[LJ[PVUVM T`M\SSMHJLOLSTL[HUKJ\Z[VTTVSKLKLHY WS\NZ0[^HZHTPZLYHISL[YPW7HJRZVMSV\K TV[VYJ`JSLZL]LY`^OLYL3\UJOV]LYSVVRPUN [OL9VJRZH[HTHPUPU[LYZLJ[PVU^HZ TPZLYHISL3V\KTV[VYJ`JSLZPUH JVU[PU\V\ZZ[YLHT^LYLISHYPUNMYVT [OLZ[VWZPNUZILSV^-VSSV^PUN[OLT KV^U[OLTV\U[HPUYVHKZ^HZ[OL^VYZ[ TVZ[\UILHYHISLUVPZL0[»ZUV[HIV\[ WLYMVYTHUJL0[»ZHIV\[PU[PTPKH[PVU ;OLU[OLYL^HZ[OLIV`MYPLUKVM[OL [LUHU[ULPNOIVY^OVHYYP]LKILOPUKT` IHJR`HYKL_LYJPZPUNOPZ[LZ[VZ[LYVUL PUM\ZLK^YPZ[0[VSKOPTOPZSV\KIPRL^HZU»[ ^LSJVTLPU[OLULPNOIVYOVVK/LNV[ ILSSPNLYLU[0HSTVZ[JHSSLK[OLJVWZ ;OLZLWLVWSLHYLU»[(4(TLTILYZ @V\HYLZWLUKPUNWYLJPV\ZPURWYLHJOPUN [V[OLJOVPY@V\ULLK[VMVJ\Z`V\YLMMVY[ ZVTLOV^VU[OLWLVWSL^OV[\YUWLYMLJ[S` Ã&#x201E;ULTV[VYJ`JSLZPU[VY\KLTVIPSLZ;OL VUS`^H`[VKV[OH[^P[OLMMLJ[PZPU[YHMÃ&#x201E;J JV\Y[^P[OHIPNÃ&#x201E;UL @V\YHWWYVHJO·¸1PTT`»ZTHRPUNUVPZL [VV^P[OOPZ4\Z[HUN¹·PZU»[J\[[PUNP[0 SP]LPUHKLZ[PUH[PVU[V^U;OLVUS`¸UVPZL¹ 0UV[PJLHSSKH`SVUNPZ=[^PUTV[VYJ`JSLZ ^P[OIYVRLUL_OH\Z[Z`Z[LTZ *HYS2V[OLPTLY /\KZVU6OPV ;OHURZMVY[OLSL[[LY*HYS>OPSL^LHNYLL ^P[OT\JOVM`V\YZLU[PTLU[YLNHYKPUN L_JLZZP]LZV\UK^LKVU»[[OPURZ\JOH OHYKSPULHWWYVHJOPZ[OL^H`[VHKKYLZZ P[ZYLN\SH[PVU>LZ\WWVY[[OV\NO[M\S ZVS\[PVUZ[OH[^VYRMVYTV[VYJ`JSPZ[ZHZ ^LSSHZV[OLYZ-VYH[HZ[LVM[OL\UPU[LUKLK JVUZLX\LUJLZVMHWV[LU[PHSS`IHKSH^SVVR UVM\Y[OLY[OHUV\Y¸4V[VYJ`JSPZ[VM[OL @LHY¹Z[VY`VUWHNL 4(205.(>0:/ 0Q\Z[NV[IHJRMYVTH ñ^LLR[YPW [OYV\NO,\YVWLHUK^HZYLHKPUN[OL :LW[LTILY0ZZ\LVM(TLYPJHU4V[VYJ`JSPZ[ 0HS^H`ZSPRL[OLZUHWZOV[ZVMWLVWSLV\[ \ZPUN[OLPYIPRLZ0[OLUYLHK[OL.\LZ[ *VS\TUI`+H]L4H[OLYZ¸6ULMVY[OL >PZO3PZ[¹0KVU»[TLHU[VTHRLOPT[VV LU]PV\ZI\[=PUJLU[Z^LYLI\PS[[VIL YPKKLU ;OPZPZHWPJ[\YLVMT`^PML2H[O`HUK0 HIV\[[OYLLX\HY[LYZVM[OL^H`[OYV\NOV\Y YLJLU[,\YVWLHU[YPW>LZ[HY[LKPU3VUKVU HUKKPKHñ^LLRSHWVM,UNSHUKMVSSV^LK I`ñ^LLRZ[OYV\NO-YHUJL)LSNP\T /VSSHUK.LYTHU`(\Z[YPH0[HS`[OL[PU` 7YPUJPWHSP[`VM4VUHJVHUKIHJR[OYV\NO -YHUJL[V[OL<UP[LK2PUNKVTHUKHYYP]LK

9VILY[HUK 2H[O`>H[ZVU

OVTLVU6J[;OPZWPJ[\YL^HZ[HRLUPU ZV\[OLYU(\Z[YPHHIV\[OHSM^H`\W[OL MHTV\Z.YVZNSVJRULY7HZZJVTPUNMYVT [OLUVY[OZPKL (Z`V\JHUZLL[OPZ=PUJLU[OHZHML^ TVKPÃ&#x201E;JH[PVUZZ\JOHZ[OL[^PUSLHKPUN ZOVLMYVU[IYHRLZH;VT;VT.7: ZVTL^OH[TVYLTVKLYUY\IILYHUKYPTZ HUKTVKLYUJHYI\YL[VYZ ;OLIPRLYHUÃ&#x2026;H^SLZZS`[OYV\NOV\[[OL ^OVSL[YPWL_JLW[MVYVULZTHSSV^ULY PUÃ&#x2026;PJ[LKSHJRVMTHPU[LUHUJLPZZ\LHUK ^LJYVZZLKX\P[LHML^ZP[LZVMM[OLI\JRL[ SPZ[PUJS\KPUN[OL5VYTHUK`ILHJOLZ=PT` 9PKNL3L4VU[:[4PJOLSHUKHJLY[HPU .LU[SLTHU»Z[OIPY[OKH`WYLZLU[RUV^U HZ[OL,HNSL»Z5LZ[HUKVMJV\YZL[OL .YVZNSVJRULY )`[OL^H`[VHUZ^LY[OLTVZ[HZRLK X\LZ[PVU[OLIPRLÃ&#x2026;L^IV[O^H`ZVU[OL ZHTLWSHULHZ^LKPK 9VILY[>H[ZVU 3HUNSL`)**HUHKH :(-,;@-6*<: ;OLWVPU[ZTHKLPU¸/H]PUNHU0TWHJ[¹ =PL^WVPU[5V]LTILYHIV\[[OL ZHML[`MVSRZ»\UK\LMVJ\ZVUOLSTL[ZH[ [OLL_WLUZLVMV[OLYTLHUZVMTHRPUN[OL YPKPUNL_WLYPLUJLZHMLYHYL^LSS[HRLU;OLPY OLSTL[JLU[YPJMVJ\ZPZ[`WPJHSVMZHML[` YLSH[LKSVII`PZ[ZIV[ONV]LYUTLU[HUK WYP]H[L0[»ZYLÃ&#x2026;LJ[LKPUHJVTWSL[LMVJ\ZVU OHYK^HYLHUKPUMYHZ[Y\J[\YLHZHTLHUZVM HJOPL]PUNHSSMVYTZVM[YHMÃ&#x201E;JZHML[` ;OPZ^YVUNOLHKLKHWWYVHJOHZZ\TLZPM `V\THRL[OLJHYZHUKYVHKZZHMLLUV\NO [YHMÃ&#x201E;JKLH[OZ^PSSILYLK\JLK5L]LYTPUK [OH[[OLZHMLY[OLYVHKZILJVTLHUK[OL TVYLZHML[`OHYK^HYL`V\HKK[VJHYZVY IPRLZ`V\JHU»[V\[WHJLZ[\WPKP[`*HYLSLZZ TV[VYPZ[ZWLYOHWZS\SSLKPU[VMHSZLZLUZLZ VMZLJ\YP[`HZ[OL`KLWLUKVU^PKLYYVHKZ ^P[OIPNNLYIHYYPJHKLZHUKJHYZLX\PWWLK ^P[OTVYLZHML[`YLSH[LKOHYK^HYLTH`Q\Z[ ILJVTLTVYLJVTWSHJLU[HUKJHYLSLZZ ;OLZHML[`JYH[ZJVU[PU\V\ZS`HUKPU[OL MHJLVMIL[[LYHK]PJLZ[\IIVYUS`YLZPZ[[V YHPZL[OLIHYVU^OVJHUVWLYH[LKLHKS` HUKOLH]`THJOPULY`VUW\ISPJYPNO[ZVM


IPRLZ`V\JHU»[V\[WHJLZ[\WPKP[`*HYLSLZZ TV[VYPZ[ZWLYOHWZS\SSLKPU[VMHSZLZLUZLZ VMZLJ\YP[`HZ[OL`KLWLUKVU^PKLYYVHKZ ^P[OIPNNLYIHYYPJHKLZHUKJHYZLX\PWWLK ^P[OTVYLZHML[`YLSH[LKOHYK^HYLTH`Q\Z[ ILJVTLTVYLJVTWSHJLU[HUKJHYLSLZZ ;OLZHML[`JYH[ZJVU[PU\V\ZS`HUKPU[OL MHJLVMIL[[LYHK]PJLZ[\IIVYUS`YLZPZ[[V YHPZL[OLIHYVU^OVJHUVWLYH[LKLHKS` HUKOLH]`THJOPULY`VUW\ISPJYPNO[ZVM ^H`;VKH`HKYP]LY»ZSPJLUZLHWWLHYZ[V ILPZZ\LK[VHU`VUL^P[OHW\SZL^OV Z[\TISLZPU[V[OLSVJHS+LWHY[TLU[VM4V[VY =LOPJSLZVMÃ&#x201E;JL<U[PS[OLZHML[`I\UJOHUK Z[H[L+4=ZZ[HY[[V[YLH[HKYP]LY»ZSPJLUZL HZHUHJ[\HSJLY[PÃ&#x201E;JH[PVU[OH[[OLOVSKLYPZ JVTWL[LU[LUV\NO[VZHMLS`VWLYH[LHTV[VY ]LOPJSL[OLJHYUHNL^PSSJVU[PU\L >P[O[OLPYWLYZPZ[LUJLPUPNUVYPUN[OL TVZ[PTWVY[HU[JVTWVULU[[V[YHMÃ&#x201E;JZHML[` [OH[H\[VWHY[RUV^UHZ[OL¸U\[ILOPUK[OL ^OLLS¹ZHML[`SVII`PZ[ZMVY[OLTVZ[WHY[ HYLO`WVJYP[LZ :[LWOLU4VU[NVTLY` )HRLYZÃ&#x201E;LSK*HSPM *6637/6;6 ;OPZ`LHY[OL6]LY[OL/PSS.HUNOHK P[ZHUU\HSTLL[PUNH[4V[VYJ`JSL/HSS VM-HTLY+PJR2SHTMV[O»ZOV\ZL;OLZL HYLVSKLYTV[VYJ`JSLYHJLYZHUK]L[LYHU WLYZVUHSP[PLZMYVT[OLYHJPUN^VYSKVM

;OL6]LY;OL/PSS.HUN

`LZ[LY`LHY;OLZLMVSRZ^LYL[OLZ[HYZVM YHJPUN`LHYZHNV :[HUKPUNMYVTSLM[[VYPNO[PU[OPZWOV[V HYL:[HU4`LYZ+PJR2SHTMV[O+HU *YH^SL`*SH\KL4VVR)VII`/PSS:[HU 2LSSLY,STLY4VYYH)VI+PJRPUZVU)VI /HYKPUN2LSS`2PUULS+PJRAY\ILR7H\S :JOSLNLS)PSS)VZ[^PJR)L]2SHTMV[OHUK ,[OLS3H^`LY 2ULLSPUNMYVTSLM[[VYPNO[!/LYI-V\Z[ )\[JO)HLY*O\JR,^PUN1VOU)YV^U 4PRL7LYRPUZ1LYY`*HSSLUHUK1VOU;LUU` ;OLYL^LYLNYLH[Z[VYPLZVSKWYVNYHTZ OPZ[VYPJIVVRZHUKHSI\TZHUKKLSPJPV\Z MVVKZOHYLKI`[OLNYV\W:VTLVM[OL TLTILYZTPZZLK[OLNYV\WWPJ[\YL:VTL ^LYL[OLYL^P[OV[OLYMHTPS`TLTILYZ ,]LY`VULSVVRZMVY^HYK[V[OPZHUU\HS NL[[VNL[OLYHUK[OL^LLRSVUNYL\UPVUH[ +H`[VUH)PRL>LLRPU4HYJO 7H\S:JOSLNLS ;VSLKV6OPV

/,1<:;>(5;:;690+, @V\N\`ZOH]LPUZWPYLKTL[VSP]L\W[V T`KYLHT[VILHUV[OLY9PJR`*HYTPJOHLS 4`UHTLPZ5VHO0Q\Z[NV[T`V^U KPY[IPRL0OH]LH/VUKH*9-^P[OUV JS\[JO0OH]LU»[ILLUVUT`KPY[IPRLPUH SVUN[PTLILJH\ZLT`NYHUKMH[OLY^VU»[ SL[TLYPKLP[0TPZZYPKPUNT`KPY[IPRL0[PZ ZVM\UYPKPUNT`KPY[IPRL0^PZO0^HZYPKPUN T`KPY[IPRLYPNO[UV^I\[0OH]L[VNV[V ZJOVVSUV^ 5VHO(\Z[PU 6U[HYPV5@

*699,*;065

;OLYPKLYPU[OL[YPHSZWOV[VVUWHNL VM[OL+LJLTILYPZZ\L^HZ2L]PU >PULSHUKUV[*VK`>LII

6U-HJLIVVR&<Z[VV3PRL[OLMHUWHNLVM[OL (TLYPJHU4V[VYJ`JSPZ[(ZZVJPH[PVUHUK`V\JV\SKSLH]LJVTTLU[ZSPRL[OLZL! ^^^MHJLIVVRJVT(TLYPJHU4V[VYJ`JSPZ[ >L»YL[OLYLL]LY``LHYMVY[OL^OVSL^LLRLUK.VVK[PTLZ· +H]L)SHJRVU[OLHUUV\UJLTLU[[OH[(4(=PU[HNL4V[VYJ`JSL +H`Z^PSSIL1\S`H[[OL^VYSKJSHZZ4PK6OPV:WVY[Z *HY*V\YZLPU3L_PUN[VU6OPV 0^PSSILH[[OLZHTLZWV[9V^6ZWHJLZ  =PU[HNL)\S[HJVZ6ZZHZ*HU(THUKHYLHSUPJL 2;[YPHSZIPRL3V[ZVMWHY[Z/VWL[VZLL`V\[OLYL ·1VOU3HUNMLSKLYUV[PUNOLHSYLHK`OHZOPZZWHJLMVY [OL(4(=PU[HNL4V[VYJ`JSL+H`Z:^HW4LL[ 3V]L[OLTHNHaPUL4H`ILTVYLZ[VYPLZI`[OL L]LY`KH`YPKLY(UKTVYLWOV[VZVMYPKLYZHUK[OLPY IPRLZ·+H]PK3V^LVU(TLYPJHU4V[VYJ`JSPZ[:LUK `V\YZ[VYPLZHUKOPNOYLZVS\[PVUWOV[VZ[VZ\ITPZZPVUZ' HTHJ`JSLVYN[VILJVUZPKLYLKMVYW\ISPJH[PVU >OPSL0LUQV`YLHKPUN[OLMLH[\YLHY[PJSLZHUK[OLTLTILYSL[[LYZ 0YLHSS`LUQV`[OL.\LZ[*VS\TU;OPZPZHS^H`ZH[[OLLUKVM[OL PZZ\LHUK[OL^YP[LYZNLULYHSS`KPZJ\ZZ[OLPYMH]VYP[LYPKLZ0LUQV` NL[[PUNPKLHZMVYWSHJLZ[VNVHUK[OPUNZ[VKV2LLW\W[OLNVVK ^VYR·4VYNHU:PTWZVUKP[[V

0VUJLOHKHU-A9HUK0ISHaLKWHZ[HN\`VUH [OYV\NOHJVYULY^P[OT`NPYSMYPLUKVU[OLIHJR/L W\SSLK\WILZPKLTLHM[LY^HYKH[HZ[VWHUKHZRLKTL PMP[^HZHJJTV[VYJ`JSL:THSSLYKPZWSHJLTLU[ PZTVYLM\U;LHJOLZ`V\OV^[VTHPU[HPUZWLLK· 9\ZZLSS+PYRZLUVUYPKPUNHZTHSSLYTHJOPUL ;OH[^HZHM\UUPNO[MVYZ\YL·9VNLY4J*HY[O` VU[OLHUU\HS<:(]Z;OL>VYSKTLL[PUNVM WYVMLZZPVUHSZWLLK^H`YPKLYZPU(\I\YU*HSPM;LHT <:(LTLYNLK]PJ[VYPV\Z 7YVWZ[VB1VZOD:[YHUNHUKB*VY`D)\[[YPJR MVY[HRPUN[PTL[VZPNUH\[VNYHWOZHUK[HSR^P[O\Z ILMVYL[OLYHJPUN=LY`PTWHJ[M\S[VV\YJOPSKYLU ·+LHU/LYTHUVUH[[LUKPUN[OL(TZVPS0YVUTHU .5**PU*YH^MVYKZ]PSSL0UK^OPJO^HZ[OL[OHUK Ã&#x201E;UHSYV\UKVM[OL*HU(T.YHUK5H[PVUHS*YVZZ *V\U[Y`:LYPLZ @V\JHUJVUULJ[^P[OMLSSV^(4(TLTILYZVU-HJLIVVR@V\JHU HSZVHS^H`ZÃ&#x201E;UKTVYLPUMVYTH[PVUH[(TLYPJHU4V[VYJ`JSPZ[JVT

1HU\HY`


-964;/,79,:0+,5; ;/,(4(46;69*@*30:; 6-;/,@,(9 5VX\LZ[PVU·^HZHU\WHUKKV^U`LHYMVY TV[VYJ`JSPUN 6\YSPMLZ[`SLOHZILLU\UKLYH[[HJRMYVTHU\TILY VMZV\YJLZ;OLLJVUVT`OHZIH[[LYLK[OLTV[VYJ`JSL PUK\Z[Y`6MMYVHKYPKPUNHYLHZHYLILPUN[HYNL[LKSPRLUL]LY ILMVYL@V\[OTV[VYJ`JSLZHUK(;=ZJVU[PU\L[VILPU [OLJYVZZOHPYZVMMLKLYHSSH^*P[PLZHUKUV^[OLSHYNLZ[ Z[H[LPU[OLJV\U[Y`OH]LWHZZLKTPZN\PKLKSH^Z[HYNL[PUN L_JLZZP]LTV[VYJ`JSLZV\UK ([[OLZHTL[PTL[OLYL^LYLUV[HISL]PJ[VYPLZ*P[PaLU HJ[P]PZ[ZOH]LILLUZ\JJLZZM\SH[WHZZPUNSH^ZHUKYHPZPUN W\ISPJJVUZJPV\ZULZZHIV\[[OLKHUNLYZVMKPZ[YHJ[LK KYP]PUN4V[VYJ`JSPZ[Z^VYRLKOHYKMVYWYVTV[VYJ`JSPUN JHUKPKH[LZSVJHSS`HUKUH[PVUHSS`PU[OL5V]LTILY LSLJ[PVUZ6U[OL[YHJR;LHT<:(^HZ]PJ[VYPV\ZVU[OL ^VYSKTV[VJYVZZZ[HNL >OLUP[JHTL[PTL[VKLJPKL^OV^V\SKIL[OL(4( 4V[VYJ`JSPZ[VM[OL@LHY46;@MVYP[^HZH[V\NO JOVPJL ;OL46;@PZUV[HWVW\SHYP[`JVU[LZ[VYHSPML[PTL HJOPL]LTLU[H^HYK0[PZKLZPNULK[VOPNOSPNO[[OLWLYZVU VYWLVWSL^OVOHZOHK[OLTVZ[WYVMV\UKPTWHJ[VU [OL^VYSKVMTV[VYJ`JSPUNMVYIL[[LYVY^VYZLPU[OL WYL]PV\ZTVU[OZ)`[OH[TLHZ\YL[OLÃ&#x201E;LSKUHYYV^LK JVUZPKLYHIS`(UKPUKPZJ\ZZPVUZVM[OLJOHUNPUN TV[VYJ`JSPUNSHUKZJHWLPUVULVMP[ZTVZ[JOHSSLUNPUN `LHYZPUKLJHKLZVULUHTLRLW[YPZPUN[V[OL[VW! *HSPMVYUPH.V](YUVSK:JO^HYaLULNNLY (^LSSRUV^UTV[VYJ`JSPZ[^OVOHZUL]LYZOPLKH^H` MYVTJVU[YV]LYZ`PUOPZ[LU\YLHZ*HSPMVYUPH»ZOLHKVMZ[H[L :JO^HYaLULNNLYX\PL[S`ZPNULKHWPLJLVMSLNPZSH[PVUSH[L PU[OL`LHY[OH[OHZYVJRLK[OLTV[VYJ`JSPUN^VYSKHUK^PSS PTWHJ[TV[VYJ`JSPZ[ZPUV[OLYZ[H[LZMVY`LHYZ[VJVTL0[»Z PYVUPJ[OH[[OLPU[LUKLKNVHSVM[OLSLNPZSH[PVU·[VX\PL[ SV\KTV[VYJ`JSLZ^OPJOPZHSZVHNVHSVM[OL(4(·^PSS ILKPMÃ&#x201E;J\S[[VHJOPL]L^OPSL[OLSLNPZSH[PVUP[ZLSM^PSSOH]L MHYYHUNPUN\UPU[LUKLKJVUZLX\LUJLZ ;OLSLNPZSH[PVU^HZ:LUH[L)PSSHUKP[YLX\PYLZHSS UL^TV[VYJ`JSLZI\PS[HM[LY[VJHYY`HZ[HTWVU [OLL_OH\Z[Z`Z[LTJLY[PM`PUN[OH[P[TLL[ZMLKLYHS,7( ZV\UKYLX\PYLTLU[Z>OPSL[OLSH^»ZNVHSTH`IL^LSS PU[LU[PVULK[OL^H`P[»Z^YP[[LUPZWV[LU[PHSS`[YV\ISPUNHZ P[KVLZU»[HKKYLZZ[OLJVYLVM[OLZV\UKWYVISLT (JLY[PÃ&#x201E;JH[PVUZ[HTWKVLZU»[RLLWYPKLYZMYVT KYPSSPUNV\[IHMÃ&#x2026;LZMVYL_HTWSL5VYKVLZ[OLSHJRVMH JLY[PÃ&#x201E;JH[PVUZ[HTWTLHU[OH[HNP]LUT\MÃ&#x2026;LYPZ[VVSV\K ;OLIL[[LYHUZ^LY^V\SKILMVYSH^LUMVYJLTLU[[V[LZ[ [OLZV\UKSL]LSZVMPUKP]PK\HSTV[VYJ`JSLZWLYJLP]LK[VIL [VVSV\K 0UMHJ[HUL^Z[HUKHYKKL]LSVWLKI`[OL:VJPL[`MVY

(TLYPJHU4V[VYJ`JSPZ[JVT

(\[VTV[P]L,UNPULLYZPUJVUQ\UJ[PVU^P[O[OL4V[VYJ`JSL 0UK\Z[Y`*V\UJPSZL[ZYLHZVUHISLSPTP[ZHUKZ[YHPNO[MVY^HYK WYVJLK\YLZMVYKVPUNQ\Z[[OH[;OH[Z[HUKHYKJHSSLK1 PZH[OV\NO[M\SHWWYVHJO[VHJVTWSL_WYVISLT 7LYOHWZTVZ[ZPNUPÃ&#x201E;JHU[S`OPZ[VY`OHZZOV^U\Z[OH[ ^OH[OHWWLUZPU*HSPMVYUPHJHU·HUKVM[LUKVLZ·ILJVTL [OLSH^VM[OLSHUKLSZL^OLYL>LULLKSVVRUVM\Y[OLY[OHU [OL*HSPMVYUPH(PY9LZV\YJLZ)VHYKHUKP[ZMHYYLHJOPUNHPY WVSS\[PVUSH^ZMVYWYVVMVM[OH[>LL_WLJ[HZPTPSHYPTWHJ[ PU[OL`LHYZ[VJVTL^P[O[OPZSH[LZ[L_OH\Z[Z[HTWSH^ 6MJV\YZL^OPSL[OPZSH[LZ[*HSPMVYUPHSH^OHZKYH^U[OL H[[LU[PVUVMTV[VYJ`JSPZ[ZPU*HSPMVYUPHHUKIL`VUKP[»ZHSZV PTWVY[HU[[VUV[L[OH[.V]:JO^HYaLUNNLYOHZK\YPUNOPZ [LU\YLILLUHMYPLUKVMTV[VYJ`JSPUNHZ^LSS/L»ZTHKL RL`HWWVPU[TLU[ZPU[OLVMMYVHK^VYSK[OH[OH]LKVUL· HUK^PSSJVU[PU\L[VKV·HSV[VMNVVKMVYTV[VYJ`JSPZ[Z 0UHKKP[PVUHZ[OLZ[H[L»Z4V[VYJ`JSPZ[PU*OPLMOL»ZKVUL T\JO[VKYH^H[[LU[PVU[VTV[VYJ`JSPUNHUKHM[LYHOPNO WYVÃ&#x201E;SLJYHZOPU[OLULLKMVYTV[VYJ`JSLSPJLUZPUN *SLHYS`.V]:JO^HYaLULNNLYOHZPTWHJ[LKYPKLYZPU OPZZ[H[LHUKIL`VUK·HUKSPRLS`MVY`LHYZ[VJVTL(UK MVY[OH[OLÃ&#x201E;[Z[OLIPSSHZ[OLYPKLY^OVOHZTVZ[HMMLJ[LK TV[VYJ`JSPUNPU(Z`V\JHUYLHKZ[HY[PUNVUWHNL (YUVSK:JO^HYaLULNNLYPZ[OL(4(4V[VYJ`JSPZ[ VM[OL@LHY 0UJSVZPUNILJH\ZL`V\^PSSILYLJLP]PUN[OPZ1HU\HY` PZZ\LPUTPK+LJLTILY[VNL[OLY^P[OL]LY`VULH[[OL(4( 0^PZOLHJOVM`V\H4LYY`*OYPZ[THZHUKHQV`V\ZYLZ[M\S HUKWLHJLM\SOVSPKH`ZLHZVU(UKOLYL»ZH[VHZ[[V`V\Y OLHS[OHUKHJOPL]PUN`V\YNVHSZPU 9VI+PUNTHUPZWYLZPKLU[HUK*,6VM[OL(4(

7OV[V.YVNHU:[\KPVZ

*HSPMVYUPH.V](YUVSK:JO^HYaLULNNLY )`9VI+PUNTHU


covers each trip, there and back. has been riding to rallies since 1972.

TRIP INTERRUPTION COVERAGE. One thing Charlie St. Clair, Executive Director of Laconia Motorcycle Week, knows is the road can be pretty rough if your bike breaks down. That’s why Progressive offers Roadside Assistance for only $10 a year and Trip Interruption Coverage, which helps pay for places to stay and living expenses due to mishaps, for only $5 more.* This way, anywhere you are in the country, you’re covered. Call 1-800-PROGRESSIVE or call an independent agent.

PROGRESSIVE.COM #1 in Motorcycle Insurance Progressive Casualty Ins. Co, and its affiliates, Mayfield Village, OH. No. 1 in motorcycle from 2009 Millward Brown national survey data. All coverages subject to policy terms and conditions. *Trip Interruption Coverage requires the purchase of Roadside Assistance and is not available in all states. 09D00285 (04/10)


:;(@;/,;9(03*OHSSLUNLZ-HJPUN6MM/PNO^H`9PKLYZ 0M`V\»]LYPKKLUKPY[IPRLZV]LY[OL WHZ[Ã&#x201E;]L`LHYZ`V\»YLMHTPSPHY^P[O[OL PUJYLHZLKYLN\SH[PVUVMVMMOPNO^H`]LOPJSL 6/=YPKPUNHYLHZHZ^LSSHZPUJYLHZLK LMMVY[Z[VJSVZLVMMYPKPUNVWWVY[\UP[PLZ :[H`;OL;YHPS*VSVYHKV:[H`;OL;YHPS VYNOHZH\UPX\LWLYZWLJ[P]LVU[OPZ [YLUK0[»ZHULK\JH[PVUHSWYVNYHTVM[OL 9LZWVUZPISL9LJYLH[PVU-V\UKH[PVU^OPJO PZKLKPJH[LK[V6/=LK\JH[PVUL[OPJZ HUKZJPLUJL >LZWVRL^P[O1\Z[PU3PSS`WYVNYHT JVVYKPUH[VYMVY:[H`;OL;YHPS*VSVYHKVMVY OPZ[HRLVU[VKH`»ZJOHSSLUNLZ (TLYPJHU4V[VYJ`JSPZ[!>OH[PZ[OL IPNNLZ[JOHSSLUNLMHJPUN6/=YPKLYZ& 1\Z[PU3PSS`!;OLIPNNLZ[JOHSSLUNL HUKVUL[OH[SLHKZ[VTHU`V[OLY JOHSSLUNLZPZ[OLJOHUNLPUL_WLJ[H[PVUZ HUKYLN\SH[PVUZJVUJLYUPUNB6/=D\ZL ;OLJOHUNLH^H`MYVT[OL¸VWLU \USLZZWVZ[LKJSVZLK¹HUKVWLU[YH]LS THUHNLTLU[ZP[\H[PVUZ[V[OH[VM KLZPNUH[LKYV\[LZBPUW\ISPJSHUK[YH]LS THUHNLTLU[WSHUZDHUKHYLHZHZZOV^U VU[OL4V[VY=LOPJSL<ZL4HWZB4=<4D OHZUV[ILLUHULHZ`[YHUZP[PVU ;VZ[HY[`LHYZHNVH[YHPSVU[OLNYV\UK ^HZH[YHPS·HUKP[^HZVWLU\USLZZP[^HZ WVZ[LKVUS`MVYUVUTV[VYPaLK\ZLZVYP[ ^HZWO`ZPJHSS`IHYYPJHKLK;OLZ^P[JO[V

(TLYPJHU4V[VYJ`JSPZ[JVT

[OL4=<4KLZPNUH[LKYV\[LZPZJVUM\ZPUN [VZH`[OLSLHZ[;OLTHQVYP[`VMYPKLYZ0 TLL[^P[OHJ[P]LS`Z[H`VU^OH[^V\SKIL JVUZPKLYLKH[YHPSI\[^P[OV\[JVUZ\S[PUN [OLJ\YYLU[\ZLTHW[OH[YV\[LJV\SK]LY` ^LSSILYLZ[YPJ[LKPU]LOPJSL[`WLVYJSVZLK [VTV[VYPaLK\ZLHSS[VNL[OLY ;OL\ZLTHWZHYLUV[PUHULHZ`[V \ZLMVYTH[HUKJHUILKPMÃ&#x201E;J\S[[VNL[ ;OPZPZHO\NLPZZ\LILJH\ZL[OLYLPZUV SLNHSYLX\PYLTLU[MVYZPNUHNLJYLH[PUNHU VWWVY[\UP[`MVYYPKLYZ[VHJJPKLU[S`LUK \WVUHUVUKLZPNUH[LKYV\[LL]LU^OLU [Y`PUN[VMVSSV^[OLY\SLZ (4!>OH[»ZHUV[OLYJOHSSLUNL& 13!7\ISPJWLYJLW[PVU;OLPKLHVMH YLZWVUZPISLYPKLYPZUV[^LSSW\ISPJPaLK HUKWYVTV[LK[V[OLNLULYHSW\ISPJI\[ PUZ[HUJLZVMYLZV\YJLKHTHNLHUK\ZLY JVUÃ&#x2026;PJ[X\PJRS`THRL[OLMYVU[WHNL ;OLW\ISPJWLYJLW[PVUPZZ\LHSZV [LUKZ[VWHPU[6/=LU[O\ZPHZ[ZHZUV[ PU[LYLZ[LKPUZ[L^HYKZOPW^OLU[OL[Y\[O PZ[OLVWWVZP[L;OLU\TLYV\ZJS\IZHUK HZZVJPH[PVUZ[OH[OH]LHKVW[LK[YHPSZ HUKHYLHZW\[MVY[O[OV\ZHUKZVMOV\YZ VM]VS\U[LLY[PTL;OL6/=JVTT\UP[` PZVULVM]LY`ML^[OH[HJ[P]LS`M\UK[OLPY V^UZ[L^HYKZOPWPUP[PH[P]LZ[OYV\NO6/= YLNPZ[YH[PVUZHUK[OLZ\IZLX\LU[NYHU[ WYVJLZZLZW\[[PUNTPSSPVUZVMKVSSHYZ

IHJRVU[OLNYV\UKMVYT\S[P\ZL[YHPS THPU[LUHUJLYLZ[VYH[PVUHUKYLYV\[LZ [VWYV[LJ[ZLUZP[P]LHYLHZJVUZ[Y\J[PVUVM Z\Z[HPUHISL[YHPSZHUKLK\JH[PVULMMVY[Z (4!>OH[HK]PJL^V\SK`V\NP]L[OVZL ^OV^HU[[VWYV[LJ[YPKPUNHYLHZ& 13!)LPU]VS]LK.L[[VRUV^[OLSHUK THUHNLYZPU`V\YMH]VYP[LYPKPUNHYLHZ )LPU]VS]LK^OLUP[JVTLZ[V[YH]LS THUHNLTLU[KLJPZPVUZ;OLWYVJLZZPZ VWLU[V[OLW\ISPJHUK[OLTVYL]VPJLZ [OH[HYLOLHYK[OLIL[[LY[OLJOHUJLZHYL VMHJVVWLYH[P]LHNYLLTLU[JVUJLYUPUN YLJYLH[PVUHSHJJLZZ -VY[OVZL^OV^HU[[V^VYR[V JYLH[LUL^Z\Z[HPUHISLYLJYLH[PVUHS VWWVY[\UP[PLZ[OLZ[HY[PZ[VILPU]VS]LK 0[JVTLZKV^U[VHZLYPV\ZJVTTP[TLU[ ;OLILZ[]VPJLZOLHYKPU[OPZWYVJLZZHYL [OVZLVM[OLJS\IZ^OPJOJHUOLSWWYV]PKL THUHNLTLU[HUKZ[L^HYKZOPWVM[OLZL HYLHZ;OLJS\IZ^P[OHNLUJ`Z\WWVY[HUK [OLWYVWLYLU]PYVUTLU[HSHUHS`ZPZZ[\KPLZ JVTWSL[LKJHU[OLUZ[HY[[VSVVRMVY ZV\YJLZVMJVVWLYH[P]LM\UKPUN ;OLSHZ[WPLJLVMHK]PJL0OH]LPZ[V HJ[P]LS`^VYR[VJVYYLJ[HU`ULNH[P]L WLYJLW[PVUZ0U]P[LSHUKTHUHNLYZV\[ VUJS\IYPKLZ;HRLUVUTV[VYPaLK LU[O\ZPHZ[ZV\[HUKVWLU[OLKPHSVN\L 0OH]LMV\UK[OH[THU`TLTILYZVM[OL NLULYHSW\ISPJHYLUV[ULJLZZHYPS`HU[P 6/=;OL`HYLHNHPUZ[PYYLZWVUZPISL6/= \ZL^OPJOPZ\UKLYZ[HUKHISL

7OV[V3PSS`!4J*VY`1HTLZ7OV[VNYHWO`

90./;:


90./;: :3,0./;6-/(5+*6<3+*36:, +6>57<)30*3(5+

(4(:LUKZ3L[[LY;V*VUNYLZZPVUHS 3LHKLYZ6WWVZPUN3HUK.YHI 0UHZ[YVUNS`^VYKLKSL[[LY[V<: /V\ZLHUK:LUH[LSLHKLYZPU5V]LTILY [OL(4(L_WYLZZLKHSHYT[OH[7YLZPKLU[ )HYHR6IHTHTH`[Y`[VJSVZLVMM\W[V TPSSPVUHJYLZVMW\ISPJSHUK ¸>LOH]LZLYPV\ZJVUJLYUZ[OL6IHTH HKTPUPZ[YH[PVUTH`IL[HRPUN\UPSH[LYHS HJ[PVU[VWV[LU[PHSS`WYVOPIP[V\YTLTILYZ HUK[OL(TLYPJHUWLVWSLMYVTHJJLZZPUN W\ISPJSHUKZ¹(4(:LUPVY=PJL7YLZPKLU[ MVY.V]LYUTLU[9LSH[PVUZ,K4VYLSHUK ^YV[L¸6\YJVUJLYUZHYLIHZLKVU[OL (TLYPJH»Z.YLH[6\[KVVYZ(.60UP[PH[P]L HUK[OLYLSLHZLVM[YV\ISPUN+LWHY[TLU[VM [OL0U[LYPVY+60PU[LYUHSKVJ\TLU[Z¹ ;OL+60KVJ\TLU[ZZ\NNLZ[[OH[\W [VTPSSPVUHJYLZHYL[VILKLZPNUH[LK HZMLKLYHSS`WYV[LJ[LK>PSKLYULZZ^OPJO ^V\SKIHYVMMOPNO^H`YPKPUNHUKHZ UH[PVUHSTVU\TLU[Z[OH[JV\SKIHUYPKPUN ¸>LILSPL]L[OLSHUK^OPJOPZKLZJYPILK PU[OLPU[LYUHSKVJ\TLU[ZOHZHOPNO WYVIHIPSP[`VMILPUNPUJVYWVYH[LKPU[V[OL (.60UP[PH[P]LPU[OLMVYTVMHUVTUPI\Z W\ISPJSHUKTHUHNLTLU[IPSS¹4VYLSHUK ^YV[L¸(Z`V\TH`RUV^[OL(.6 0UP[PH[P]LPZ[OLHKTPUPZ[YH[PVU»ZH[[LTW[[V MVYTHJVUZLY]H[PVUHNLUKHMVY[OLZ[ JLU[\Y`¹

.96<5+.(05,+05>(965+0:;9(*;,++90=05. 5H[PVUHS:\TTP[/LSK

<:;YHUZWVY[H[PVU 5/;:(KPZ[YHJ[LKKYP]PUN :LJYL[HY`9H`3H/VVK YLSH[LKMH[HSP[PLZYLWYLZLU[LK RPJRLKVMM[OL WLYJLU[VMV]LYHSS[YHMÃ&#x201E;J UH[PVUHS+PZ[YHJ[LK+YP]PUN MH[HSP[PLZPU ·[OLZHTL :\TTP[I`HUUV\UJPUN WLYJLU[HNLHZPU UL^HU[PKPZ[YHJ[LKKYP]PUN ([[OLZ\TTP[3H/VVK YLN\SH[PVUZ HUUV\UJLK[OH[OLPZ /LSKPU>HZOPUN[VU+* PUP[PH[PUNHUL^Y\SLTHRPUN VU:LW[[OL+PZ[YHJ[LK [VWYVOPIP[JVTTLYJPHS[Y\JR +YP]PUN:\TTP[IYV\NO[ KYP]LYZMYVT[L_[PUN^OPSL [VNL[OLYYLWYLZLU[H[P]LZ [YHUZWVY[PUNOHaHYKV\Z VMNV]LYUTLU[SH^ TH[LYPHSZ LUMVYJLTLU[HUK]HYPV\Z :aH\[LYZHPKOL^HZ NYV\WZ[VKPZJ\ZZJ\YYLU[ WHY[PJ\SHYS`PTWYLZZLK^P[O YLZLHYJOSH^LUMVYJLTLU[ [OLZPUJLYP[`VML]LY`VUL YLN\SH[PVUZHUKZ[LWZMVY PU]VS]LKH[[OLZ\TTP[ [OLM\[\YL0TYL:aH\[LY [VKVZVTL[OPUNHIV\[ :LJYL[HY`9H`3H/VVK (4(NV]LYUTLU[HMMHPYZ KPZ[YHJ[LKKYP]PUN THUHNLY^HZHTVUN[OVZLH[[LUKPUN ¸>OPSL[OLYL^HZHSV[VM[HSRHIV\[ ¸>OPSL^LHZHZVJPL[`Z[PSSOH]LHSVUN LUMVYJPUNHU[PKPZ[YHJ[LKKYP]PUNSH^Z ^H`[VNV[VYLK\JLPUQ\YPLZHUKKLH[OZ [OLYL^HZHULX\HSHTV\U[VMKPZJ\ZZPVU YLSH[LK[VKPZ[YHJ[LKKYP]PUN[OLYLHYL HIV\[OV^[VLK\JH[LKYP]LYZZV[OH[[OL` LMMVY[Z\UKLY^H`[OH[JHUTHRL[OL KVU»[JHYY`V\[KPZ[YHJ[PUNHJ[P]P[PLZ^OPSL YVHKZZHMLYMVYTV[VYJ`JSPZ[Z¹:aH\[LY KYP]PUNPU[OLÃ&#x201E;YZ[WSHJL¹:aH\[LYZHPK ZHPK ¸-HY[VVTHU`TV[VYJ`JSPZ[ZOH]LILLU 6U[OLL]LVM[OLZ\TTP[3H/VVK PUQ\YLKVYRPSSLKI`KPZ[YHJ[LKKYP]LYZ HUUV\UJLK[OH[KPZ[YHJ[LKKYP]PUNYLSH[LK 7YL]LU[PVUPZ[OLRL`[VZH]PUNSP]LZ¹ JYHZOLZJSHPTLKSP]LZHUKSLK[V ;VYLHK[OL(4(»ZWVZP[PVU [YHMÃ&#x201E;JPUQ\YPLZHJYVZZ[OL<UP[LK VUKPZ[YHJ[LKKYP]PUNNV[V :[H[LZPU (JJVYKPUN[V[OL5H[PVUHS (TLYPJHU4V[VYJ`JSPZ[JVT%9PNO[Z% /PNO^H`;YHMÃ&#x201E;J:HML[`(KTPUPZ[YH[PVU 9LZV\YJLZ%7VZP[PVU:[H[LTLU[Z

(.,5*@+0:7<;,:;/(;():9,+<*,:*9(:/,:

(UHS`ZPZ:OV^Z5V+PMMLYLUJL0U,X\PWWLK(UK5VU,X\PWWLK)PRLZ ;OLPUZ\YHUJLPUK\Z[Y`PZ[Y`PUN[VNL[ [OLMLKLYHSNV]LYUTLU[[VTHUKH[LHU[P SVJRIYHRLZ():MVYHSSUL^TV[VYJ`JSLZ IHZLKVUHUPUZ\YHUJLNYV\W»ZJSHPT[OH[ [OPZ^V\SKYLK\JLJYHZOLZ )\[HMLKLYHS[YHMÃ&#x201E;JZHML[`HNLUJ` ZH`ZP[ZV^UHUHS`ZPZZOV^Z[OLYLPZUV L]PKLUJL[VZ\WWVY[[OH[JSHPT ¸;OL5H[PVUHS/PNO^H`;YHMÃ&#x201E;J:HML[` (KTPUPZ[YH[PVU»Z5/;:(5H[PVUHS *LU[LYMVY:[H[PZ[PJZHUK(UHS`ZPZ5*:( WLYMVYTLKJHZLJVU[YVSJVTWHYPZVUZMVY TV[VYJ`JSLZ^P[OHUK^P[OV\[HU[PSVJR IYHRPUNZ`Z[LTZ():\ZPUN[^VZL[Z VMKH[HMH[HSJYHZOLZHUKZLWHYH[LS` HSSWVSPJLYLWVY[LKJYHZOLZ¹5/;:( YLZLHYJOLYZ^YV[LPUHYLWVY[PZZ\LK1\S`  ¸<ZPUN[OPZTL[OVKVSVN`^LKPKUV[ Ã&#x201E;UKZ[H[PZ[PJHSS`ZPNUPÃ&#x201E;JHU[YLZ\S[Z[V Z\NNLZ[[OH[():HMMLJ[ZTV[VYJ`JSLJYHZO YPZR¹[OLYLZLHYJOLYZJVUJS\KLK ,K4VYLSHUK(4(ZLUPVY]PJLWYLZPKLU[ MVYNV]LYUTLU[YLSH[PVUZJVTTLUKLK

[OLMLKLYHSHNLUJ`MVYPU]LZ[PNH[PUN[OL JSHPTW\[MVY[OI`[OL0UZ\YHUJL0UZ[P[\[L MVY/PNO^H`:HML[`00/:HUPUZ\YHUJL PUK\Z[Y`NYV\W[OH[OHZIYV\NO[V\[Ã&#x2026;H^LK YLZLHYJOPU[OLWHZ[[VM\Y[OLYP[ZHU[P TV[VYJ`JSPUNHNLUKH ¸(U[PSVJRIYHRLZHYLHSYLHK`HUVW[PVU VMMLYLKI`TV[VYJ`JSLTHU\MHJ[\YLYZMVY ZVTLTVKLSZHUK[OL`ZOV\SKJVU[PU\L [VILHUVW[PVU¹OLZH`Z¸4HUKH[PUN HU[PSVJRIYHRLZMVYHSSTV[VYJ`JSLZJV\SK ILWYVISLTH[PJ¹ 4VYLSHUKUV[LZ[OH[[OLYLHYLZP[\H[PVUZ ^OLUHU[PSVJRIYHRLZJV\SKPUJYLHZL[OL YPZRVMHJYHZOZ\JOHZ^OLUYPKPUNHUVU OPNO^H`VYK\HSZWVY[TV[VYJ`JSLVUHKPY[ VYNYH]LSYVHK /LHSZVZH`Z[OH[YLX\PYPUNHU[PSVJR IYHRLZVUTV[VYJ`JSLZJV\SKPUJYLHZL[OL JVZ[VMHUL^IPRLI` VYTVYL ¸0[»ZZPTWS`WYLTH[\YL[VJHSSMVYHU(): THUKH[L¹4VYLSHUKZH`Z ;OL00/:JSHPTZ[OH[MH[HSTV[VYJ`JSL JYHZOLZJV\SKILJ\[I`TVYL[OHUVUL

[OPYKPMHSSTV[VYJ`JSLZOHK():6U4H` [OL00/:HZRLK5/;:([VTHUKH[L TV[VYJ`JSL():IHZLKVU00/:YLZLHYJO ;OPZPZQ\Z[[OLSH[LZ[H[[HJRVU TV[VYJ`JSPUNI`[OLPUZ\YHUJLPUK\Z[Y` ;OYLL`LHYZHNV[OL00/:YLSLHZLKH ^PKLS`KPZW\[LKYLWVY[JSHPTPUN[OH[ZWVY[ Z[`SLKTV[VYJ`JSLZHYLTVYLKHUNLYV\Z [OHUV[OLY[`WLZVMIPRLZ



1HU\HY`


90./;: ;HRL(J[PVU ;OV\ZHUKZ6M(JYLZ0U*VSVYHKV;HYNL[LK0U3H[LZ[4V]L

(U[PHJJLZZMVYJLZHK]HUJLK[OLPY SH[LZ[LMMVY[[VJSVZLVMMO\UKYLKZVM [OV\ZHUKZVMHJYLZVMW\ISPJSHUK[VVMM OPNO^H`YPKPUN^OLUH<:YLWYLZLU[H[P]L PU[YVK\JLKHIPSSQ\Z[OV\YZILMVYL[OL [O*VUNYLZZHKQV\YULK[VNVPU[V[OL 5V]LTILYLSLJ[PVUZ 6U:LW[9LW1HYLK7VSPZ+*VSV PU[YVK\JLK/9!;OL,HNSLHUK :\TTP[*V\U[`>PSKLYULZZ7YLZLY]H[PVU (J[;OLJVU[YV]LYZPHSIPSS^V\SKKLZPNUH[L ULHYS`HJYLZPU*VSVYHKVHZ >PSKLYULZZHUKZWLJPHSWYV[LJ[PVUHYLHZ 7YVWVULU[ZOVWL[OLIPSS^PSSNL[ ^YHWWLKPU[VHSHYNLYVTUPI\ZW\ISPJSHUK IPSSHUKX\PJRS`LHYUHWWYV]HSPUHSHTL K\JRZLZZPVUILMVYL[OLUL^*VUNYLZZ ILNPUZP[Z^VYRPU1HU\HY`(ZPTPSHYTV]L ^VYRLKPU ^OLUHU[PHJJLZZNYV\WZ Z\JJLLKLKPUPUHWWYVWYPH[LS`KLZPNUH[PUN TVYL[OHUTPSSPVUHJYLZHZ>PSKLYULZZ ^P[OUVW\ISPJKLIH[L ;OL,HNSLHUK:\TTP[*V\U[` >PSKLYULZZ7YLZLY]H[PVU(J[PZWHY[VMHU LMMVY[I`[OL/PKKLU.LTZ>PSKLYULZZ

*HTWHPNU[V\S[PTH[LS`KLZPNUH[L  HJYLZVMW\ISPJSHUKPU*VSVYHKVHZ >PSKLYULZZ^OPJOPZVULVM[OLZ[YPJ[LZ[ MVYTZVMW\ISPJSHUKTHUHNLTLU[ 0UJS\KLKHYLTHU`HYLHZ[OH[OH]L L_PZ[PUN[YHPSZHUKV[OLYPTWYV]LTLU[Z [OH[TLHU[OL`KVU»[Ã&#x201E;[[OLMLKLYHS KLÃ&#x201E;UP[PVUVM^PSKHYLHZLZ[HISPZOLKI`[OL >PSKLYULZZ(J[VM 0UYLJLU[`LHYZ ^P[OV[OLYHYLHZHU[PHJJLZZNYV\WZOH]L PNUVYLK[OH[MHJ[HUKHI\ZLK>PSKLYULZZ KLZPNUH[PVUZ[VMVYJLYLZWVUZPISLVMM OPNO^H`YLJYLH[PVUHSPZ[ZVMMW\ISPJSHUK ^LSSZ\P[LK[V6/=YLJYLH[PVU ¸;OL(4(Z\WWVY[ZHWWYVWYPH[L >PSKLYULZZKLZPNUH[PVUZ¹ZH`Z,K 4VYLSHUK(4(ZLUPVY]PJLWYLZPKLU[MVY NV]LYUTLU[YLSH[PVUZ¸)\[[OLRL`^VYKPZ ºHWWYVWYPH[L» ¸(ZOVTL[VTHU`VM[OPZJV\U[Y`»Z6/= LU[O\ZPHZ[Z^LULLK[VRLLW*VSVYHKV SLNHS[YHPSZPU[OLZ[H[LVWLU¹OLZH`Z

MEMBERS RECEIVE 10 % DISCOUNT

Call EagleRider Motorcycle Tours Today!

1-888-972-4537 ama@eaglerider.com www.eaglerider.com/ama

RIDE FREE ON YOUR BIRTHDAY! SPECIAL EagleRider invites AMA members to enjoy a one-day OFFER free motorcycle rental on their birthday. Simply show a Valid ID with the date of your birthday listed on it and EagleRider will give you one free rental day.

*Subject to Availability. Not available at all locations. Promotion must be mentioned at the time reservation is made. No Refunds or Rain checks. Not available on Trikes. Customer responsible for one-way fees, tax, insurance and any additional products. Not available on pre-booked rentals.

>OH[»Z.VPUN6U&(U[PHJJLZZ NYV\WZHYL[Y`PUN[VSVJRYLZWVUZPISL 6/=LYZV\[VMW\ISPJSHUKI`NL[[PUN [OH[SHUKPUHWWYVWYPH[LS`KLZPNUH[LK HZWYV[LJ[LK (J[P]L)PSSZ!/9PZVULZLL Z[VY`(UV[OLYPZ/9 [OL *VSVYHKV>PSKLYULZZ(J[VM  PU[YVK\JLKI`9LW+PHUH+L.L[[L +*VSV;OPZIPSS^V\SKKLZPNUH[L HYLHZ[V[HSPUNHJYLZ HZ>PSKLYULZZPUJS\KPUN PU /HUKPLZ7LHRPU)YV^UZ *HU`VUHUK H[9LKJSV\K 7LHR >OH[@V\*HU+V(IV\[0[!*VU[HJ[ `V\YMLKLYHSSH^THRLYZHUKHZR [OLT[VVWWVZL/9HUKHU` V[OLYIPSSZ[OH[^V\SKPUHWWYVWYPH[LS` ISVJRTV[VYPaLKYLJYLH[PVU.V[V (TLYPJHU4V[VYJ`JSPZ[JVT%9PNO[Z

(4(»:96)+05.4(5(**,7;: 05;,95(;065(376:;

>PSS3LHK-LKLYH[PVU0U[LYUH[PVUHSKL 4V[VJ`JSPZTL5VY[O(TLYPJH (4(7YLZPKLU[HUK*,69VI+PUNTHU ^HZPUZ[HSSLKVU6J[ [VZLY]LHZ WYLZPKLU[VM[OL-LKLYH[PVU0U[LYUH[PVUHS KL4V[VJ`JSPZTL-045VY[O(TLYPJH·H JVSSHIVYH[PVUVM[OL*HUHKPHU4V[VYJ`JSL (ZZVJPH[PVU*4(HUK[OL(4( -VYTLYS`JHSSLK[OL5VY[O(TLYPJHU 4V[VYJ`JSL<UPVU5(4<-045VY[O (TLYPJHHZZPZ[ZPU[OLKL]LSVWTLU[VM TV[VYJ`JSPUNH[[OLJVU[PULU[HSSL]LS ;OLYLHYLZPTPSHYJVU[PULU[HS\UPVUZPU (MYPJH(ZPH,\YVWL:V\[O(TLYPJHHUK 6JLHUPH (ZWYLZPKLU[VM-045VY[O(TLYPJH +PUNTHU^PSSZLY]LVU[OL-04)VHYKVM +PYLJ[VYZ

7OV[VZ>PSKLYULZ!1LMM2HYKHZ"3LHK!1LUUPMLY)H[LZ

469,º>03+,95,::»(;;(*2:656/=90./;:


90./;: 3,(+;,:;05.9,8<09,4,5;:,--,*;0=,-,)

9\SL*V\SK-VYJL*VTWHUPLZ3PRL*VIYH4V[VYJ`JSLZ6\[6M)\ZPULZZ 4HU\MHJ[\YLYZVMRPKZ»KPY[IPRLZ^PSS OH]LUL^L_WLUZP]L[LZ[PUNWYVJLK\YLZ [VMVSSV^ILNPUUPUN-LI[VZOV^[OLPY WYVK\J[ZKVU»[JVU[HPUTVYLSLHK[OHU HSSV^LKI`SH^ :LHU/PSILY[WYLZPKLU[VM*VIYH 4V[VPU/PSSZKHSL4PJO^OPJOTHRLZ TPUPTV[VJYVZZYHJLIPRLZ[VSKMLKLYHS SH^THRLYZLHYSPLY[OH[[OL[LZ[PUNHUK V[OLYYLX\PYLTLU[ZVM[OL*VUZ\TLY 7YVK\J[:HML[`0TWYV]LTLU[(J[*7:0( ^V\SKMVYJLOPZJVTWHU`[VZO\[KV^U \USLZZ[OLSH^PZJOHUNLK ;OL*7:0(IHUZ[OLTHRPUNPTWVY[PUN KPZ[YPI\[PUNVYZLSSPUNVMHU`WYVK\J[ PU[LUKLKMVYRPKZHUK\UKLY[OH[ JVU[HPUZTVYL[OHUHZWLJPÃ&#x201E;LKHTV\U[ VMSLHKPUHU`HJJLZZPISLWHY[;OLSH^ ^HZ^YP[[LUZVIYVHKS`[OH[P[HWWSPLK[V L]LY`[OPUNMYVTIPJ`JSLZ[V[LSLZJVWLZ[V KPY[IPRLZ^OPJOJHUOH]L[YHJLSL]LSZVM SLHKPUWHY[ZZ\JOHZIYHRLJHSPWLYZHUK IH[[LYPLZ ;OLSH^HSZVYLX\PYLZ[OH[JOPSKYLU»Z WYVK\J[ZIL[LZ[LKI`HUPUKLWLUKLU[ SHIVYH[VY`HWWYV]LKI`[OL*VUZ\TLY

7YVK\J[:HML[`*VTTPZZPVU*7:* ^OPJOPZYLZWVUZPISLMVYJHYY`PUNV\[[OL SH^;OL*7:*PZOVSKPUNVMMLUMVYJLTLU[ VM[OLSH^\U[PS4H`^P[O[LZ[PUN YLX\PYLTLU[ZNVPUNPU[VLMMLJ[-LI

;HRL(J[PVU >OH[»Z.VPUN6U&-LKLYHSYLN\SH[VYZ HYLWVPZLK[VYLX\PYLVULYV\Z[LZ[PUN VURPKZ»KPY[IPRLZHUKHSS[LYYHPU ]LOPJSLZ(;=Z[OH[JV\SKLMMLJ[P]LS` IHU[OLZL]LOPJSLZVU4H` >OH[@V\*HU+V(IV\[0[!*VU[HJ[ `V\YMLKLYHSSH^THRLYZHUKHZR[OLT [VX\PJRS`WHZZHSH^L_JS\KPUN`V\[O VMMOPNO^H`]LOPJSLZ6/=ZMYVT [LZ[PUN /V^@V\*HU+V0[!.V[V 9PNO[Z%0ZZ\LZHUK3LNPZSH[PVUH[ (TLYPJHU4V[VYJ`JSPZ[JVTHUKLU[LY `V\YPUMVYTH[PVU0U[OL¸0ZZ\L(YLH¹ ZLSLJ[¸*VTTLYJL¹

)\PSKPUNTPUPIPRL WHY[ZH[*VIYH



!4%$ 50$

%343

4%35,4 2

 LEADINGMOTORCYCLEOILSCOMPARED


90./;:

65/0./>(@:<44(9@

0U[OL(4(.V]LYUTLU[9LSH[PVUZ+LWHY[TLU[TVUP[VYLKULHYS` WPLJLZVMZ[H[LSLNPZSH[PVUPUHSSZ[H[LZHUK>HZOPUN[VU+*HUK[VVRHJ[PVU^OLUULJLZZHY`;OVZLHJ[PVUZPUJS\KLKPUMVYTH[PVUHSTHPSPUNZ [V(4(TLTILYZUL^ZYLSLHZLZ[LZ[PTVU`HUKWYV]PKPUNPUMVYTH[PVU[VRL`SLNPZSH[P]LJVTTP[[LLZ/LYL»ZHIYLHRKV^UI`[VWPJVM[OLVU OPNO^H`SLNPZSH[PVUMVSSV^LKK\YPUN[OL SLNPZSH[P]LZLZZPVUZHYV\UK[OLJV\U[Y`[OYV\NO6J[+PZ[YHJ[LKKYP]PUNPZZ\LZHYLIYVRLU V\[M\Y[OLY5V[L[OH[SLNPZSH[PVUTH`HKKYLZZTVYL[OHUVULPZZ\LZVHZPUNSLIPSSTH`ILJV\U[LKPUT\S[PWSL[VWPJHYLHZILSV^;OLJOHY[ YLÃ&#x2026;LJ[ZPZZ\LZJV]LYLKPU VUOPNO^H`IPSSZ0U-LIY\HY`^L»SSYLWVY[VUVMMOPNO^H`SLNPZSH[PVU +PZ[YHJ[LK0UH[[LU[P]L=LOPJSL6WLYH[PVU 

3PJLUZLWSH[LZ!:WLJPHSWSH[LZHUK]LY[PJHSTV\U[PUN

;YHMÃ&#x201E;JVMMLUZLZ!=LOPJ\SHYHZZH\S[OVTPJPKLYPNO[VM^H` HUKYLSH[LK]PVSH[PVUZZLPa\YLIHUUPUNTV[VYJ`JSLZMYVT W\ISPJYVHKZWHYRPUNYPKPUN[^VHIYLHZ[HUKZ[\U[YPKPUN 

;H_LZ!9LNPZ[YH[PVUHUK[P[SLZ[H_LZVUTPSLZ[YH]LSLKHUK M\LSLMÃ&#x201E;JPLU[]LOPJSLZ

,X\PWTLU[!:V\UKL_OH\Z[Z`Z[LTZSPNO[PUNLTPZZPVUZ M\LSZHUKHSJVOVSPU[LYSVJRZ

3PJLUZPUNLUKVYZLTLU[ZHUKWLYTP[Z

:HML[`!9PKLYLK\JH[PVUWYVNYHTZZHML[`HUKH^HYLULZZ HUKTHUKH[VY`[YHPUPUN 4PZJLSSHULV\Z!+LÃ&#x201E;UP[PVUVMHTV[VYJ`JSLKPZJYPTPUH[PVU SLHK[YHMÃ&#x201E;JJHSTPUNJVUNLZ[PVU[YHMÃ&#x201E;JTHUHNLTLU[HUK Z[\K`JVTTP[[LLZ

4VWLKZ

;VSSZ 0UZ\YHUJL!=LOPJSLZSPHIPSP[`HUKKLUPHSVM TLKPJHSILULÃ&#x201E;[Z 7HZZLUNLYZ!(NLYLZ[YPJ[PVUZ  ;YHMÃ&#x201E;JHJ[\H[LKZPNUHSZ

/LSTL[Z =LOPJSLSH^Z!9LI\PS[]LOPJSLZYLNPZ[YH[PVUZSLTVUSH^Z PUZWLJ[PVUZOPNOVJJ\WHUJ`]LOPJSLSHULZ[P[SLZSHUL ZWSP[[PUNHUKYPNO[[VYLWHPY

30

18 10

â&#x20AC;¢ *LSSWOVUL\ZHNL!9LZ[YPJ[PUNVYWYVOPIP[PUN \ZL â&#x20AC;¢ )HUZ!;L_[TLZZHNPUNPU[LYUL[\ZLKYV^Z` KYP]PUN â&#x20AC;¢ /HUKZMYLL!<ZLVMJLSSWOVUL â&#x20AC;¢ +PZ[YHJ[LK0UH[[LU[P]LKYP]PUN â&#x20AC;¢ 9LZ[YPJ[PUN]PKLVKPZWSH`Z â&#x20AC;¢ (M[LYJYHZO!7VSPJLYLWVY[Z[VPUJS\KL KPZ[YHJ[LKKYP]LYPUMVLUOHUJLKWLUHS[PLZ

98

38 44 439 48

50 57

61 64 75

16(TLYPJHU4V[VYJ`JSPZ[JVT

133

;OL:[H[LI`:[H[L.\PKL[V4V[VYJ`JSL3H^Z JVU[PU\LZ[VILHWVW\SHYP[LTMVYV\YTLTILYZ 7YPU[JVWPLZHYLMYLL[V(4(TLTILYZ.\PKLZHYL HSZVH]HPSHISLVUSPULH[(TLYPJHU4V[VYJ`JSPZ[JVT (SZVPUJS\KLKVU[OL^LIZP[LPZ[OL:[H[LI`:[H[L .\PKL[V6MM/PNO^H`4V[VYJ`JSLHUK(;=3H^ZHUK 9LN\SH[PVUZHUK(4(»Z7VZP[PVU:[H[LTLU[Z


MEM BE

R

BMISSIONS SU

0

$50

er

inn

W

90+05. S¸;OL[VWVM:R`SPUL+YP]LPU*HU`VU*P[` *VSV5V[NVVKMVYHU`VULHMYHPKVMOLPNO[Z¹ ·+H]L9PJOVM,UNSL^VVK*VSV X*SVJR^PZLMYVTYPNO[!¸([[OLHNLVM  0HTW\YZ\PUNT`KPY[IPRLKYLHT¹·.H`SL 6»+VUULSSVM9OVKL0ZSHUK ¸;HRPUNHIYLHRH[MLL[PU[OL/PNO :PLYYH»ZPZMYVTSLM[;VT3HYZVU*OL[)\[JO 2VOSLY4PRL*VSSPUZ)PSS.SVKMLS[`:RPW*YPZ[` /V^HYK7OLSWZ2\Y[/H[OH^H`HUK1PT>PSZVU 1VL.YHZZV[VVR[OLWPJ¹·/V^HYK7OLSWZ 7OV[VMYVT:[HU:PTWZVU!¸/LYLPZHWPJ[\YLVM [OLVMÃ&#x201E;JLYZVM[OL:PKL^PUKLYZ4*VUHZ\TTLY MHTPS`YPKLSY!1PTHUK:\ZHU:OL^THRLY >PSSHUK1VHUUL/LUKYP_=LYUVUHUK:\ZHU 4HYR^VY[O:[HUHUK4HY`:PTWZVU>LYVKL TPSLZVU[OPZ[YPW^P[OUVPUJPKLU[Z,]LY` IPRLPZX\PL[HUKIHKNLK(4(;OPZNYV\WOHZ V]LYHTPSSPVUTPSLZVMZ[YLL[YPKPUNHUKV]LY `LHYZVMJVTIPULKL_WLYPLUJLHUKHSSHYL *OHY[LY3PML4LTILYZVM[OL(4(¹ /H]LHWOV[VNYHWO`V\»KSPRL[VZLLPU(TLYPJHU 4V[VYJ`JSPZ[&:LUKP[[VZ\ITPZZPVUZ'HTH J`JSLVYN^P[O¸:UHWZOV[Z¹PU[OLZ\IQLJ[SPUL

9,405+,9!(4((>(9+:796.9(4:;033(**,7;05.56405(;065:

;OL(4(H^HYKZWYVNYHTPZIHJR;OLZL]LUH^HYKZ^OPJOYLJVNUPaL[OVZL^OVOH]L NVULHIV]LHUKIL`VUK[VHK]HUJLTV[VYJ`JSPUN^LYL\U]LPSLKPU[OL+LJLTILYPZZ\LVU WHNL7SLHZLYL]PL^[OLH^HYKKL[HPSZ[OLYLVYH[(TLYPJHU4V[VYJ`JSPZ[JVTHUKLTHPS UVTPUH[PVUZ[VZ\ITPZZPVUZ'HTHJ`JSLVYN0UJS\KL[OLUVTPULL»ZUHTLJVU[HJ[PUMV HUKHUHJJV\U[VM[OLPYHJJVTWSPZOTLU[Z^VYKZVYSLZZ+LHKSPUL!1HU



1HU\HY`


90+05.

=05;(.,!;/,05,?7,5:0=,(3;,95(;0=,

@V\*HU)\PSK@V\Y+YLHT4V[VYJ`JSL-VY:OVY[4VUL`I`+VU4PSSLY 1\Z[ILJH\ZL`V\^HU[ZVTL[OPUN YLHSS`IHKS`KVLZU»[TLHUP[OHZ[VJVZ[H MVY[\UL0»THKPY[[YHJRYHJPUNMHUH[PJ:V T`TV[VYJ`JSPUNKYLHTZPU]VS]L[OPUNZ SPRLKPY[V]HSZHUK[OL(4(9HJPUN=PU[HNL +PY[;YHJR5H[PVUHS*OHTWPVUZOPW:LYPLZ 0RUV^^OH[`V\»YL[OPURPUN!5V JOHTWPVUZOPWVY[OLIPRL[V^PUP[ VUJVTLZJOLHWS`>OPSLT`QV\YUL` ^HZU»[MYLLP[^HZYLSH[P]LS`PUL_WLUZP]L JVTWHYLK[V^OH[P[^V\SKJVZ[[VJOHZLH [P[SLPUHTVKLYUJSHZZ;Y\Z[TLVU[OPZ·0 RUV^IV[OLUKZVM[OLZWLJ[Y\T0OH]L ]PU[HNLIPRLZ[OH[OH]LNV[[LU^H`V\[VM OHUKHUKJVZ[TLHSV[VMTVUL`[VI\PSK YHJLHUKTHPU[HPU (SZV\UKLYZ[HUK[OH[^OH[`V\ZH]L PUKVSSHYZ`V\»SSWH`MVYPUPUNLU\P[`@V\ JHU»[Q\Z[JHSS\W[OLSVJHSZOVWHUKNL[ [OLZLRPUKZVMKLHSZ,_WLJ[[V[VPSV]LY `V\YWYVQLJ[MVYHNVVKIP[VM[PTL5V[OPUN JOLHWJVTLZLHZ`)\[`V\»SSSLHYUHSV[ [VVHUKHWYVQLJ[SPRL[OPZ^PSSNL[`V\ YHJPUNMVYHYLHZVUHISLHTV\U[VMTVUL` 3PRLTHU`KV[OPZWYVQLJ[ILNHU^P[O H[YPW[V(4(=PU[HNL4V[VYJ`JSL+H`Z VULZ\TTLY0^HZ^HSRPUNHYV\UK^OLU0 V]LYOLHYKZVTLVULZH`¸5VP[»ZH:VUPJ >LSKJOHZZPZMVYH+;@HTHOH¹

;OH[»ZHSS0OHK[VOLHY0OHKH+; TV[VYH[OVTL[OH[ULLKLK[VILW\[PU[V HJOHZZPZ·HUKH:VUPJ>LSKKPY[[YHJRLY MYHTL^V\SKILWLYMLJ[(KLHS^HZTHKL HUK0^HZVUT`^H` >P[OHU`WYVQLJ[IPRL0SPRL[VTHWV\[H WSHU0[»ZRPUKVMSPRLKYHM[PUN\WIS\LWYPU[Z MVYHOV\ZL0SVVRMVYWOV[VZVU[OL 0U[LYUL[VYPUTHNHaPULZVMIPRLZ0SPRL0KV ZVTLYLZLHYJOVU^OH[WHY[ZHYLNVVKVY IHKWLYMVYTHUJLTVKPÃ&#x201E;JH[PVUZL[J-VY [OPZIPRL0^HU[LKP[[VSVVRHZLYHJVYYLJ[ HZWVZZPISLSPRLP[^HZI\PS[H[H@HTHOH ZOVW;OH[TLHU[\ZPUNHSV[VMZ[VJRVY Z[VJRHWWLHYPUNWHY[Z (M[LYP[^HZHSSZHPKHUKKVUL0JYVZZLK [OLÃ&#x201E;UPZOSPULVM[OLÃ&#x201E;YZ[OLH[YHJLPU[OL ZLYPLZ»Ã&#x201E;YZ[YV\UKPU+H`[VUHPUÃ&#x201E;YZ[WSHJL 0^HZZ\YL0^HZNVPUN[VOH]LHISHZ[VU [OPZIPRL[OLYLZ[VM[OLZLHZVU 0THKLZL]LUV\[VM[OLYHJLZPU [OLPUH\N\YHS(4(9HJPUN=PU[HNL+PY[ ;YHJR5H[PVUHS*OHTWPVUZOPW:LYPLZ4` WLYMVYTHUJL^HZZ[YVUNLUV\NO[VLHYU H5VWSH[LMVYIPRLZMYVT   JJVYZ[YVRL ;OLIPRLWLYMVYTLKZ[YVUNHUKOHUKSLK WYL[[`^LSSMVYHOHYK[HPS^P[OWS\Z`LHY VSK[PYLZHUKUVIYHRLZ;OL`LHYVSK

PNUP[PVUNH]LTLHIP[VM[YV\ISLLHYS` VUPU[OLZLHZVUZV0YLWSHJLKP[^P[O HUL^7=3\UP[MVYHYV\UK ;OL WLYMVYTHUJLNHPU^HZ^LSS^VY[O[OL JVZ[;OH[HSVUN^P[OZVTLNHZHUKVPS JOHUNLZNV[TL[OYV\NO[OLZLHZVUÃ&#x201E;UL 0OHKZVTLNYLH[[PTLZVU[OL[YPWZ^P[O T`^PMLT`KVNZHUKNVVKMYPLUKZ>L HS^H`ZOH]LM\UH[[OLYHJLZ0JOLYPZO[OL WLVWSLHUKWSHJLZ]PZP[LKHSVUN[OL^H` :V^OL[OLYP[»ZKPY[[YHJRYHJPUNIPRL ZOV^ZVMMYVHKJVTWL[P[PVUVY]PU[HNL WVRLYY\UZTHRL`V\YV^UTLTVYPLZ/P[ ZVTLZ^HWTLL[ZSVNVU[VZVTLVUSPUL JSHZZPÃ&#x201E;LKZHUKQVPU\ZPUV\YM\U +VU4PSSLYPZHSPMLSVUNTV[VYJ`JSL LU[O\ZPHZ[/LPZ[OLV^ULYVM4L[YV 9HJPUN4L[YV9HJPUNJVT[OLSLHKLYPU ]PU[HNLTV[VYJ`JSLSVNV»LKJSV[OPUNHUK [LJOUPJHSHK]PZLYMVY[OL(4(»Z]PU[HNLKPY[ [YHJRWYVNYHT

;OL)\KNL[ :VUPJ>LSKOHYK[HPSMYHTL  4V[VYYLI\PSKWHY[Z  7HPU[HUKTH[LYPHSZMVYMYHTL  >OLLSZIV[O  ;PYLZ[\ILZ  -VYRZJSHTWZHUKUL^ZLHSZ  .HZ[HUR  :LH[WPSSPVUWHKHUKMLUKLY  5\TILYWSH[LZ  )HYZNYPWZSL]LYZJHISLZ  4PZJHPYJSLHULYVPSZJSLHULYZ OHYK^HYLL[J 

7OV[V+VU4PSSLY

;V[HS 

(TLYPJHU4V[VYJ`JSPZ[JVT


Rates as low as $75 a year! Quote and bind online: McGrawDirect.com/ama Talk to a service rep: 1-800-6McGRAW Members of the American Motorcycle Association get a 10% discount on insurance for all street and off-road bikes.

More ways to save! Safety Course Discount • Military Discount • Automatic Renewal Discount • Homeowners Discount • Rider Group Discount Products underwritten by Pacific Specialty Insurance Company and its affiliates. A.M. Best “A” Rated. Admitted in all states. © 2010 McGraw Insurance Services, P.O. Box 40, Anaheim, CA 92815. CA License #0531139 / NPN #963519. Rates and discount availability vary by state.


90+05. 9,)66;:OHWPUN<W(Z)HUULY@LHY-VY5L^4VKLSZ :\YL[OLYL»ZHSV[VM)5.IVSKUL^NYHWOPJZMVYI\[[OLYL»ZH^OVSLSV[ VMUL^HZ^LSS-HYILP[MYVTHJVTWSL[LSPZ[I\[OLYL»ZHX\PJRSVVRH[ZVTL IPRLZ[OH[HYLOLHKLKV\Y^H`·LP[OLYHSSUL^THJOPULZ[OH[HYLTHZZP]LS` YLKLZPNULKVYTVKLSZ[OH[HYLUL^[V[OL<UP[LK:[H[LZ (WYPSSPH9: 



2L`ZWLJ!JJ >OH[LSZL&9PNPKHS\TPU\TWLYPTL[LYMYHTL TTMVYR:\WLYIPRLPUZWPYLKH[OLZ[PJZ"ZPUNSL J`SPUKLYSPX\PKJVVSLKMV\YZ[YVRLLSLJ[YVUPJ PUQLJ[PVUMV\Y]HS]LZ+6/*Z >OH[»Z[VSPRL&:\WLYIPRLZ[`SLÃ&#x2026;HPYHUK H[[P[\KLPUHTPUPIPRLWHJRHNL >OH[»ZP[MVY&>OLUSPMLILNPUZH[YWT

/VUKH*)99

 

2L`ZWLJ! JJWHYHSSLS[^PU^P[OKLNYLL JYHUR >OH[LSZL&*VTWSPHU[MYHTLMVYVMMYVHK JVTMVY[HKQ\Z[HISLZLH[OLPNO[SVUN[YH]LS Z\ZWLUZPVUTVKLSZWLJPÃ&#x201E;JS\NNHNLVW[PVUHS YPKLI`^PYL[OYV[[SL[YHJ[PVUJVU[YVS[OYLLYPKLY WLYMVYTHUJLTVKLZHU[PSVJRIYHRLZ\UPÃ&#x201E;LK IYHRLZHKQ\Z[HISLZLH[OLPNO[ZOHM[KYP]L >OH[»Z[VSPRL&)PN[LJOIPNÃ&#x2026;L_PIPSP[`MVY   >OH[»ZP[MVY&:LLPUN[OL^VYSK

(TLYPJHU4V[VYJ`JSPZ[JVT



2L`ZWLJ!JJPUSPULMV\Y >OH[LSZL&<WYPNO[LYNVUVTPJZHKQ\Z[HISLZLH[ OLPNO[M\SSIVK`MHPYPUN.:?9Z[`SLZ[HJRLK OLHKSPNO[HZZLTIS`KPNP[HSHU[PSVJRIYHRLZ"M\LS PUQLJ[PVUSPX\PKJVVSLK+6/* >OH[»Z[VSPRL&.VIZVMZTVV[OSPULHYWV^LY >OH[»ZP[MVY&,]LY`KH`WLYMVYTHUJL

;)+

2L`ZWLJ! JJSPX\PKJVVSLKZPUNSLJ`SPUKLY MV\YZ[YVRL >OH[LSZL&;VWZOLSMSVVRZ WV\UKZ  PUJOZLH[OLPNO[TTMVYRH]HPSHISL():" !JVTWYLZZPVUYH[PVM\LSPUQLJ[PVUZP_ ZWLLKZ >OH[»Z[VSPRL&-PUHSS`[OL5PUQHOHZZVTL JVTWL[P[PVU >OH[»ZP[MVY&:[HY[PUNYPNO[HUKSVVRPUNJVVS KVPUNP[

@HTHOH:\WLY;LULYL

:\a\RP.:?-(

/HYSL`+H]PKZVU:\WLYSV^  2L`ZWLJ!PUJOZLH[OLPNO[ >OH[LSZL&5L^MYHTLZ\ZWLUZPVU^OLLSZ ZLH[HUKNHSSVUM\LS[HUR"JJLUNPUL SV^LYNLHYPUNHUKÃ&#x201E;]LZWLLK[YHUU` >OH[»Z[VSPRL&*SHZZPJ/+Z[`SL >OH[»ZP[MVY&.VPUNSV^LY[OHU[OLUL_[N\`

2H^HZHRP5PUQHA?9



2L`ZWLJ!0[»ZHUHSSUL^Z\WLYIPRL,]LY`[OPUN >OH[LSZL&*\[[PUNLKNLJOHZZPZHUKLYNVZ TTMVYRZOVYPaVU[HSSPURYLHYZ\ZWLUZPVU YLTV]HISL3,+SPNO[ZWV\UKZ" JJ MV\YTT[OYV[[SLIVKPLZ4V[V.7KL]LSVWLK [YHJ[PVUJVU[YVS[P[HUP\TL_OH\Z[ >OH[»Z[VSPRL&;OPZ[OPUNILSVUNZPUHUHUPTL MLH[\YL >OH[»ZP[MVY&.VPUN[\YUPUNHUKZ[VWWPUN 9PNO[UV^


90+05. 4V[V.\aaP:[LS]PV

2;4:?-



2L`ZWLJ! JJ >OH[LSZL&(SSUL^JOYVTVS`MYHTLTT>7 MVYRZ>7SPURHNLYLHY"HSSUL^ZPUNSLJ`SPUKLY MV\YZ[YVRLLUNPULTT[OYV[[SLIVK`Ã&#x201E;]L ZWLLK[YHUU` >OH[»Z[VSPRL&5V[[VVIPN5V[[VVZTHSS 1\Z[YPNO[& >OH[»ZP[MVY&/H]PUNTVYLM\U[OHU ZOV\SKILSLNHS

)4>2.;

;)+

2L`ZWLJ!WLYJLU[(ZPU¸WLYJLU[VM[OL TH_PT\T WV\UKZMLL[VM[VYX\LRPJRZPUH[ Q\Z[YWT¹ >OH[LSZL&7LYPTL[LYJOHZZPZH\[VSL]LSPUN OLHKSPNO[LSLJ[YVUPJZ\ZWLUZPVUHKQ\Z[TLU[" H JJPUSPULZP_J`SPUKLY[YHUZ]LYZHSS` TV\U[LKLUNPUL[OH[^LPNOZPUH[WV\UKZ YPKLI`^PYL[OYV[[SL[OYLLWV^LYTVKLZ! JVTWYLZZPVU >OH[»Z[VSPRL&0M[LJOPZ`V\Y[OPUN`V\»]L MV\UK`V\YTV[VYJ`JSL >OH[»ZP[MVY&:LLPUN[OL^VYSKJVTMVY[HIS`

;)+

2L`ZWLJ!NHSSVUM\LS[HUR >OH[LSZL!/PNO[LUZPSL\WWLYK\HSILHT MYHTLTT^OLLSIHZLTT4HYaVJJOP MVYR:HJOZZOVJRHSSV`YPTZHU[PSVJRIYHRL Z`Z[LTHTWSLIVK`HYTVY"JJ KLNYLL [YH]LYZL[^PUZP_ZWLLK[YHUU`OVYZLWV^LY JSHPTLKTH_[VYX\LH]HPSHISLH[YWT >OH[»Z[VSPRL&0UK\Z[YPHSZ[YLUN[OSVVRZ >OH[»ZP[MVY&:THZOPUNIV\SKLYZ&


796+<*; 205,2;905.

*VUULJ[>P[O@V\Y0UULY.LHYOLHK 4V[VYJ`JSPZ[Z[LUK[VILNLHYOLHKZ HUKUV^`V\JHU^LHY`V\YVIZLZZPVU VU`V\YÃ&#x201E;UNLY;OL2PULR[YPUN»Z^VYRPUN NLHYZHYLTHKLMYVTOPNOX\HSP[`TH[[L Z[HPUSLZZZ[LLSMLH[\YPUNTPJYVWYLJPZPVU NLHYZ[OH[[\YUPU\UPZVU^OLU[OLV\[LY YPTZZWPU ;OLYPUNJVTLZ^P[O[OLMVSSV^PUN ^HYUPUN!¸;OLZWPUUPUNVM[OPZYPUNTH` PUHK]LY[LU[S`JH\ZLHSHJRVMWYVK\J[P]P[` HUK^VYRYLSH[LKWYVNYLZZ7SLHZLLUQV` YLZWVUZPIS`¹0U[OPZJHZLKP]LYZPVUJVTLZ PUZL]LYHSZPaLZ 4:97!  4VYLPUMV!2PULR[+LZPNUJVT

(ZR[OL4:-

90+05.>0;/;/, */(5.05.:,(:65 @V\(ZR!¸0»TILJVTPUNHUL_WLYPLUJLK YPKLYI\[0»TZ[PSSHSP[[SLPU[PTPKH[LKI`[OL JOHUNPUNVM[OLZLHZVUZ>OH[HYLZVTL [OPUNZ[OH[0^PSSULLK[VWYLWHYLMVY&¹ ;OL4:-9LZWVUKZ!(SSZLHZVUZHYL KPMMLYLU[>LVMMLYLKZVTL[OV\NO[ZVU ^PU[LYYPKPUNPU[OL1HU\HY`PZZ\L /LYL^L»SSKPZJ\ZZH\[\TUHUKZWYPUN (\[\TU!;OLUL^JVUKP[PVUZ`V\»SSSPRLS` L_WLYPLUJLPUJS\KLJVVSLY^LH[OLYMHSSLU SLH]LZHUKULLKSLZSLZZKH`SPNO[HUK TVYL[YHMÃ&#x201E;JHYV\UK[OLOVSPKH`ZLHZVU ;VOHUKSLJVVSLY^LH[OLYKYLZZPU SH`LYZHUK[HRLPU[VHJJV\U[[OLLMMLJ[ZVM ^PUKJOPSS)LZ\YL[VJOLJR[PYLWYLZZ\YL HZJVVSLY[LTWLYH[\YLZYLK\JLHPYWYLZZ\YL PUH[PYL*OLJR[OLYVHKZ\YMHJLZ LZWLJPHSS`PUJ\Y]LZMVYSLHMHUKULLKSL KLIYPZHUKL_WLJ[[OL`TPNO[IL^L[ HUKZSPWWLY`0UUVY[OLYUZ[H[LZL_WLJ[ VJJHZPVUHSWH[JOLZVMPJLLZWLJPHSS`PU [OLZOHKV^ZHYV\UKOPSS`[LYYHPU^OLYL [OLYL»Z^H[LYY\UVMM9LTLTILY[OH[ Z\UZL[JVTLZLHYSPLYHUK[OH[HZ\U SV^VU[OLOVYPaVUTH`OPUKLY]PZPVU (YV\UKOVSPKH`[PTLILJH\[PV\ZHYV\UK PU[LYZLJ[PVUZLZWLJPHSS`ULHYYLZ[H\YHU[Z HUKZOVWWPUNHYLHZILJH\ZLVMPUJYLHZLK [YHMÃ&#x201E;JHUKHKKLKJOHVZHZZOVWWLYZTHRL \UWYLKPJ[HISLZ[VWZHUK[\YUZ :WYPUN!,_WLJ[YHPUWS\ZYVHK^H` KHTHNLHUKZ\YMHJLKLIYPZK\L[V ZUV^WSV^ZYVHKZHS[HUK[OLJVU[YHJ[PVU L_WHUZPVUVMHZWOHS[MYVT^PU[LY»Z [LTWLYH[\YLL_[YLTLZ6U^L[YVHKZ PUJYLHZL`V\YMVSSV^PUNKPZ[HUJLHUK TH_PTPaL`V\Y[YHJ[PVUI`YPKPUNPU[OL[PYL [YHJRZSLM[I`JHYZ>OLUTHUL\]LYPUNIL ZTVV[OHUKWYLJPZL^P[O`V\YZ[LLYPUNHUK IYHRPUNPUW\[Z(]VPK[VVT\JOSLHUHUNSL

0M`V\OH]LU»[YPKKLUHSS^PU[LYJSLHU HUKWYLW`V\YIPRLHUKWLYMVYTH [OVYV\NOWYLYPKLPUZWLJ[PVUZLL4:-»Z ;*36*:0UZWLJ[PVU*OLJRSPZ[H[4:- <:(VYN:WLUKZVTL[PTLWYHJ[PJPUN `V\YTHUL\]LYZH^H`MYVT[YHMÃ&#x201E;J(UK ^OLU`V\[HRL[V[OLZ[YLL[Z\ZL`V\Y :LHYJO,]HS\H[L,_LJ\[LZRPSSZ[V UH]PNH[LHYV\UKWV[OVSLZHUKH]VPKNYH]LS HUKZHUKHJJ\T\SH[LKPUJVYULYZ -PUKTVYLPUMVHIV\[[OL4V[VYJ`JSL :HML[`-V\UKH[PVUH[4:-<:(VYN


Heat Goes

Hi-Tech.

<W[V7LUUZ`S]HUPH.V] ,K^HYK9LUKLSSMVYZPNUPUN PU[VSH^HIPSSOVUVYPUNMHSSLU (KHTZ*VWVSPJL:N[ 4PJOHLS*>LPNHUK^OV^HZ RPSSLKPUHTV[VYJ`JSLHJJPKLU[ PU^OPSLLZJVY[PUNH ILULÃ&#x201E;[YPKL

A revolution in heated clothing technology. Microwireâ&#x201E;¢. Developed for the Military. Patented by Gerbings. Now available to you. z

So Thin You Canâ&#x20AC;&#x2122;t Feel the Wires Stronger, More Durable z Heats Quicker, Cools Faster z Mil-spec Tough z Lightning-Fast Heat z Ultra Light Weight

z

+V^U[V4L_PJHUZ[YLL[NHUNZ ^OVZLN\UÃ&#x201E;NO[[OLUPNO[ ILMVYL[OLÃ&#x201E;UHSKH`VM[OL 0U[LYUH[PVUHS:P_+H`Z,UK\YV MVYJLK[OLSVJHSVYNHUPaLY [VJHUJLS[OLÃ&#x201E;UHSKH`VM JVTWL[P[PVUZ[VY`VUWHNL 

Now in all 2010 Gerbing Heated Clothing Products. Contact your nearest Gerbing Microwireâ&#x201E;¢ Dealer and experience heat gone hi-tech.

www.gerbing.com â&#x20AC;¢ 800.646.5916 FEAR NO TEMPERATURE!

<W[V;OL5L^@VYR;PTLZ MVYHJRUV^SLKNPUN[OL Z\WLYSH[P]LL_WLYPLUJLVM YPKPUNHTV[VYJ`JSLPU[OL VUSPULHY[PJSL¸5PJL:\WLYJHY 5V^,H[4`+\Z[¹ <W[VSLNLUKHY`ZPUNLYHUK WPHUPZ[)PSS`1VLSMVYVWLUPUN OPZV^UTV[VYJ`JSLZOVW [O*LU[\Y`*`JSLZPU6`Z[LY )H`PUHULMMVY[[VRPJRZ[HY[ [OLTV[VYJ`JSLZJLULVU3VUN 0ZSHUK <W[V[OL@HTHOH=TH_ ^OPJOPMZW`ZOV[ZMYVT[OL ZL[VM¸.OVZ[9PKLY!:WPYP[ VM=LUNLHUJL¹PU9VTHUPH HYL[Y\LOHZ^VU[OLNPNMVY 1VOUU`)SHaL»ZTV[VYJ`JSL PU[OLUL_[TV]PLHIV\[[OL JVTPJIVVROLYV +V^U[V[^V[O\NZPU 0UKPHUHWVSPZ^OVHJJVYKPUN[V SVJHSZ[H[PVU-6? YHUKVTS` H[[HJRLKHTV[VYJ`JSPZ[ H[[OLJVYULYVM6OPVHUK 7LUUZ`S]HUPH:[YLL[ZVU5V] PUHUHSSLNLKH[[LTW[[V Z[LHSOPZIPRL;OL`NV[^OH[ [OL`KLZLY]LK[OV\NO^OLU [OLTV[VYJ`JSPZ[MV\NO[[OLT VMMHUKRLW[OPZIPRL

Use Coupon Code AMA for

FREE SHIPPING

MAIL ORDER WAREHOUSE

ON PURCHASES OVER $150.00

Selling fun for over 50 years!

(Restrictions Apply)

www.ronniesmailorder.com

SAVE 15% UP TO ALL OEM PARTS & ACCESSORIES* *excludes Harley-Davidson

ONLINE MICROFICHE Harley-Davidson

Everything you need on one website

ATV - DIRT - STREET

R

ORIGINAL & AFTERMARKET ACCESSORIES FOR: R

The Way Out. R

KTM

R

Easy to use, Shipped to your door

TM

SUZUKI â&#x20AC;¢ YAMAHA â&#x20AC;¢ KTM â&#x20AC;¢ HONDA â&#x20AC;¢ POLARIS KAWASAKI â&#x20AC;¢ HARLEY DAVIDSON

Order from these catalogs online too...

BRP

Kawasaki Let the good times roll. TM

HARLEY DAVIDSON ®

ORDER GENUINE PARTS ONLINE 24/7

DEALER INQUIRIES WELCOME

Harley-Davidson

®

Yamaha

Honda

Tucker Rocky Parts Unlimited KTM Kawasaki Suzuki

NEW USED PARTS BEING ADDED DAILY

1-800-253-7667 â&#x20AC;¢ www.ronniesmailorder.com

Call Our Knowledgeable Staff MONâ&#x20AC;&#x201C;THURS 9â&#x20AC;&#x201C;8 â&#x20AC;¢ FRI 9-6 â&#x20AC;¢ SAT 9â&#x20AC;&#x201C;4 â&#x20AC;¢ SUN 9-3 EST


9(*05.

W*SVJR^PZLMYVTSLM[!5H[OHU>VVKZJSLHUZ OPZIPRLH[[OLLUKVM+H`1\UPVY;YVWO`;LHT YPKLY9VILY[;H`SVYJVTWL[LZPUHZWLJPHS[LZ[ ;OL>VTLU»Z[LHTVMSY5PJVSL)YHKMVYK (THUKH4HZ[PUHUK2LYY`:^HY[aÃ&#x201E;UPZOLK ZLJVUK[V[OL-YLUJOYPKLYZPU4L_PJV>VYSK ;YVWO`YPKLY4HYR)YV^U^HZJVTWL[PUNPUOPZ Ã&#x201E;YZ[0:+, T>VYSK;YVWO`YPKLYZLUQV`[OLTZLS]LZH[ [OLWYLYHJLWHYHKLPU4VYLSPH0:+,]L[LYHUZ ZHPK[OLMLZ[P]P[PLZ^LYLHTVUN[OLILZ[ L]LYMVY[OL`LHYVSKPU[LYUH[PVUHS^VYSK JOHTWPVUZOPWL]LU[

(TLYPJHU4V[VYJ`JSPZ[JVT

7OV[VZ0:+,!:[L]L)LYRULY"*HUHYK!*V\Y[LZ`.,0*6/VUKH

S(4(;LHT<:(>VYSK;YVWO`;LHTYPKLY +LZ[Y`(IIV[[PZH]L[LYHUJVTWL[P[VYH[[OL 0:+,/LYLOL»ZYHJPUNVU+H`


9(*05. ;9,@*(5(9+46=05.<7 4V[VJYVZZ»(SS(TLYPJHU9PKLY )`1PT2PTIHSS

.,0*6/VUKH9HJPUN»Z;YL`*HUHYK PZHIV\[[VILNPUHUL^Z[HNLVMOPZ TV[VJYVZZJHYLLYTV]PUN[V[OLWYLTPLY JSHZZMVY;OL:\WLYJYVZZ ,HZ[3P[LZ9LNPVU*OHTWPVUOHZOHK OPZOPNOZHUKSV^Z^P[OHYLJLU[OPNO JVTPUNH[[OL4V[VJYVZZVM5H[PVUZ[OPZ :LW[LTILY^OLYLOLOLSWLK[OL<:[LHT ^PU>L[YHJRLKKV^U[OL6RSHOVTHU MVYOPZ[OV\NO[ZVUOPZJHYLLY[OL :\WLYJYVZZZLHZVU (TLYPJHU4V[VYJ`JSPZ[!:V;YL` `V\Z[HY[LK[OL(4(7YV4V[VJYVZZ *OHTWPVUZ:LYPLZ62I\[[OLUP[ZLLTZ HZPM`V\[\YULKP[\WHUV[JOH[[OL TPKWVPU[ ;YL`*HUHYK!;OLYL^HZUV[OPUN[OH[ YLHSS`OHWWLULKTHNPJHSS`0KPK^LSSH[H JV\WSLYHJLZHUKP[Q\Z[ZLLTLK[VI\PSK VMMVM[OH[0[OPUR[OH[PZZVPTWVY[HU[PU [OPZZWVY[[VOH]LZVTL[OPUN[VI\PSK VMM/H]PUN;PTT`-LYY`JVTLVUH[[OL TPKWVPU[VM[OLZ\TTLYOLSWLKHSV[)\[ UV[OPUNOHZKYHZ[PJHSS`JOHUNLKPUT` WYVNYHT0HTKVPUN^OH[0OH]LHS^H`Z KVUL·T`YPKPUN»ZQ\Z[HIP[TVYLZVSPK (4!/V^KPK^VYRPUN^P[O-LYY`JVTL HIV\[HUK^OH[HSSKVLZOLKVMVY`V\&

;*!4`WYHJ[PJLTLJOHUPJ4HYR 9\ZZLSSOHK^VYRLKMVY;PT-LYY`HUK0 ^HZQ\Z[OH]PUNZVTLSP[[SLZ[Y\NNSLZZV 4HYRZHPK¸>O`KVU»[`V\Q\Z[[HSR[VOPT B-LYY`D&¹:V0ZWVRL^P[O;PTHUKVUL [OPUNSLK[VHUV[OLY/LRUV^Z^OH[^VYRZ HUK^OH[KVLZU»[ZVQ\Z[OH]PUN[OH[ YLHZZ\YHUJL^P[OOH]PUNOPT[OLYLHUK [LSSPUNTL[OPUNZOHZOLSWLKHSV[ (4!-VY`V\PZP[LHZPLY[VIL[OL JOHZLYYH[OLY[OHU[OLVULILPUNJOHZLK& ;*!,P[OLYZP[\H[PVUJHUILWYL[[` KPMÃ&#x201E;J\S[0^HZPU[OLZHTLZP[\H[PVUPU BSLHKPUN9`HU=PSSVWV[VPU

(4(;,(4<:((:*,5+:;>676+0<4:(;0:+, ;YVWO`;LHTZ-PUPZO:LJVUK;OPYK-V\Y[O0U+P]PZPVUZ

>LPNHUKHUK5H[OHU ;OLZ[VY`VM[OL >VVKZÃ&#x201E;UPZOLK 0U[LYUH[PVUHS ;OL-P]L+H`,UK\YV TPU\[LZILOPUK[OPYK :P_+H`Z,UK\YVPU WSHJL-PUSHUK-YHUJL 4VYLSPH4L_PJV^HZ +\L[VZLJ\YP[`JVUJLYUZ[OL-04 SLKI`V]LYHSS^PUULY HNYPUKPUNVULMVY HUK[OLSVJHSVYNHUPaLYJHUJLSSLK+H` 1VOUU`(\ILY[^VU (4(;LHT<:(;OL VM[OLPU[LYUH[PVUHSJVTWL[P[PVU >VYSK;YVWO`;LHT I`TPU\[LZV]LY ;OLKLJPZPVU^HZUV[YLSH[LK[V[OL ZLJVUKWSHJL0[HS` JVTWSL[LK+H`PU 0:+,P[ZLSMI\[JHTLHM[LYZLJ\YP[` ¸>LIYV\NO[[OL MV\Y[OWSHJLILOPUK [OYLH[ZPUHULHYI`[V^UYLK\JLK[OL -YHUJL0[HS`HUK ILZ[ZP_YPKLYZ^L U\TILYVMWVSPJLHUKÃ&#x201E;YLVMÃ&#x201E;JPHSZ JV\SK[OPZ`LHYHUK -PUSHUKHUK[OH[»Z H]HPSHISL[VZLY]L[OL0:+, ^OLYL[OL(TLYPJHUZ ^LQ\Z[JHTL\WH SP[[SLZOVY[LHJOKH`¹ Ã&#x201E;UPZOLKPU[OLL]LU[»Z (IIV[[ZHPK¸;OL,\YVWLHUZHYLQ\Z[ZV WYLTPLYJSHZZ·MV\Y[OILOPUK-YHUJL0[HS` HUK-PUSHUK·Q\Z[TPZZPUNHZWV[VU[OL NVVKH[[OPZ[`WLVMYHJPUN[OH[VUJL`V\ NL[ILOPUKP[»ZHSTVZ[PTWVZZPISL[VTHRL TVZ[WYVTPULU[WVKP\TPUVMMYVHKYHJPUN \WHSV[VM[PTLLZWLJPHSS`PUVUL[LZ[¹ ,]LU[OL<:[LHTZ[OH[KPKZLJ\YL ;OL<:1\UPVY;YVWO`;LHT^OPJO [VW[OYLLWVZP[PVUZPU[OLPYJSHZZLZIH[[SLK PUJS\KLZYPKLYZ`LHYZVSKHUK`V\UNLY H[[YP[PVU;OL>VTLU»Z;LHT^OPJO Ã&#x201E;UPZOLKZLJVUKPUJSHZZHUK[OL[OPYK JSPTILKMYVTÃ&#x201E;M[OVU+H`[V[OPYKILOPUK :WHPUHUK:^LKLUPU[OLÃ&#x201E;UHSZ[HUKPUNZ WSHJL1\UPVY;YVWO`;LHTIV[OSVZ[HYPKLY 0[^HZHN\[Z`WLYMVYTHUJLI`YPKLYZ0HU K\YPUN[OLJV\YZLVM[OLL]LU[ 0U[OLWYLTPLY>VYSK;YVWO`JSHZZ )S`[OL5PJR-HOYPUNLYHUK9VILY[;H`SVY ^OVOHKUVTHYNPUMVYLYYVYHM[LYSVZPUN [OL<:[LHTVM+LZ[Y`(IIV[[4PRL MLSSV^YPKLY*VY`)\[[YPJR[VPUQ\Y` )YV^U2\Y[*HZLSSP1PTT`1HYYL[[;PTT`

:\WLYJYVZZD;OLYLPZHWYLZZ\YLVUIV[O LUKZ-VYTLHSS0JHUKVPZJVUJLU[YH[L VUT`ZLSMHUKYPKLSPRL0JHUYPKL·KVPUN T`ILZ[PZHSS[OH[0JHUHZRMVY (4!@V\»YLTV]PUN[V[OLJSHZZ UL_[`LHY@V\^VUHJOHTWPVUZOPWPU`V\Y YVVRPLZLHZVUJHU`V\PU& ;*!0^HU[[VILBPU[P[SLJVU[LU[PVUDHUK [OL[LHT[OH[0^PSSILYPKPUNMVY^HU[ZTL [VILHZ^LSS0ILSPL]L[OH[0HTNPM[LK^P[O [OL[HSLU[[VKVZVI\[MVYTL[VZH`0»SSIL HJOHTWPVUZOPWJVU[LUKLYPZWYL[[`IVSK 3PRL0ZHPKP[»ZILZ[[VQ\Z[JVUJLU[YH[LVU T`ZLSM·[OH[»ZT`ILZ[[HJ[PJ

¸0»TZVOHWW`MVY[OLZLN\`Z¹)\[[YPJR ZH`Z¸*VTPUNOLYL0RUL^^LOHKHZVSPK [LHTI\[0KPKU»[RUV^LUV\NOHIV\[ L]LY`IVK`[VYLHSS`RUV^OV^NVVK^L JV\SKKV0[OPUR^LZ\YWHZZLKL]LY`VUL»Z L_WLJ[H[PVUZ¹ ;OL<:>VTLU»Z;LHTWLYMVYTLK[OL ILZ[PUJSHZZVM[OL<:[LHTZÃ&#x201E;UPZOPUN ZLJVUK[VHKVTPUHU[-YLUJOZX\HK 9PKLYZ5PJVSL)YHKMVYK(THUKH4HZ[PU HUK2LYY`:^HY[a^OVYL[PYLKHM[LY+H` LUKLK[OLL]LU[OV\YTPU\[LZILOPUK -YHUJLHUKTPU\[LZHOLHKVM:^LKLU 0UJS\I[LHTYLZ\S[Z[OL<:[LHTVM -YLK/VLZZ(UKYL^+LSVUNHUK>HSS` 7HSTLY·[OL;VU`(NVUPZ4LTVYPHS ;LHT·Ã&#x201E;UPZOLKMV\Y[O;OLV[OLY[VW <:JS\I[LHT^HZ.V-HZ[LYZJVTTHKL \WVMYPKLYZ)YPHU:WLYSL5VSHU0Y^PUHUK 1VYKHU)YHUK[^OPJOÃ&#x201E;UPZOLKÃ&#x201E;M[O (UV[OLYUV[HISLÃ&#x201E;UPZO^HZ4V[VYJ`JSL /HSSVM-HTLY1LMM-YLKL[[L^OV Z\JJLZZM\SS`JVTWSL[LKOPZ[O0:+, -YLKL[[L»Z1(-4(9;LHT^OPJOPUJS\KLK >PSSPHT)\YUZHUK+VUHSK>PSSPHTZ Ã&#x201E;UPZOLK[OV\[VMJS\I[LHTZ ;OPY[`MV\Y(TLYPJHUYPKLYZZ[HY[LK [OLL]LU[^P[O<:YPKLYZVMÃ&#x201E;JPHSS` Ã&#x201E;UPZOPUN·:[L]L)LYRULY



1HU\HY`


9(*05.

;,(4<:(;90<47/:05>693+ :7,,+>(@4(;*/<7 )PSS`1HUUPYV3LHKZ(TLYPJHU 9PKLYZ;V=PJ[VY`

9,(+@;69(*,05;/,>66+:&

(4(9HJPUN9LRS\ZL5H[PVUHS,UK\YV*OHTWPVUZOPW:LYPLZ:JOLK\SL 0[»ZZVTLVM[OLILZ[HUKNUHYSPLZ[ VMMYVHKYHJPUNPU[OLJV\U[Y`^P[OHML^ O\UKYLKVM`V\YMH]VYP[LMYPLUKZ![OL (4(9HJPUN9LRS\ZL5H[PVUHS,UK\YV *OHTWPVUZOPW:LYPLZWYLZLU[LKI` 4VVZL9HJPUN(UK[OLZJOLK\SLPZ ZL[MLH[\YPUNYV\UKZVMJVTWL[P[PVUMVY HYHUNLVMZRPSSHNLHUKKPZWSHJLTLU[ IHZLKJSHZZLZ ;OL(4(9HJPUN5H[PVUHS,UK\YV *OHTWPVUZOPWKH[LZ[V[OLMV\UKPUN VM[OL(4(PU 0[PZVULVM[OL SVUNLZ[Y\UUPUNUH[PVUHSTV[VYZWVY[Z JOHTWPVUZOPWZPU[OL^VYSKHUKWYV]PKLZ HJVTWL[P[P]LSHUKZJHWLMVYHSSSL]LSZVM YPKLYZMYVTHTH[L\YJVTWL[P[VYZ[V[OL JV\U[Y`»ZMHZ[LZ[LUK\YVYHJLYZ ;OLSVJHS(4(JOHY[LYLKJS\IZ^OV ^VYR[VVYNHUPaL[OLPUKP]PK\HSL]LU[Z^P[O [OL(4(»ZWYVTV[PUNWHY[ULY[OL5H[PVUHS ,UK\YV7YVTV[PVUZ.YV\WHYL[OLOLHY[VM [OLZLYPLZHJJVYKPUN[V[OL5,7.»Z(SHU 9HUK[ ¸;OL5,7.^V\SKSPRL[VNP]LV\Y

(TLYPJHU4V[VYJ`JSPZ[JVT

[OHURZ[VHSSVM[OLJS\IZ[OH[OH]LOVZ[LK HU(4(9LRS\ZL5H[PVUHS,UK\YV¹9HUK[ ZH`Z¸;OLZ\JJLZZVM[OLZLYPLZ^V\SKUV[ ILWVZZPISL^P[OV\[[OLPYOHYK^VYRHUK KLKPJH[PVU[V[OLZWVY[>L^V\SKHSZVSPRL [V^LSJVTLÃ&#x201E;]LUL^JS\IZ[V[OL ZLYPLZ[^VVM^OPJOHYLOVZ[PUN[OLPYÃ&#x201E;YZ[ L]LY5H[PVUHSZ¹ (S[OV\NOLHJO`LHYMLH[\YLZOPZ[VYPJHS MH]VYP[LZZ\JOHZ[OL1HJR7PUL,UK\YV PU4VVYLZ[V^U4PJO[OL(4(9HJPUN 5H[PVUHS,UK\YV*OHTWPVUZOPW:LYPLZ VM[LUYHJLZPUUL^SVJH[PVUZLHJO`LHY ;OLUL^]LU\LZVU[OLZJOLK\SL PUJS\KL:HSSL`:*"-VYLZ[/PSS3H" )PZTHYR(YR"*YVZZ-VYR7H"HUK *OHUKSLYZ]PSSL6OPV;OLJS\IZOVZ[PUN [OLPYÃ&#x201E;YZ[5H[PVUHSZHYL6OPV»ZAHULZ]PSSL ;YHPS9PKLYZHUK[OL(YRHUZHZ+PY[9PKLYZ ;OPZ`LHY»ZJOHTWPVUZOPW^PSSILNPU VU-LIPU:HSSL`:*;OLYV\UK JOHTWPVUZOPW^PSS^YHWVU6J[PU 4H[[OL^Z0UK;OLM\SSZJOLK\SLPZVU WHNL

;OLMHUZ^OVIYH]LK[OYLH[LUPUN ^LH[OLYVU6J[ [VZLL[OLHUU\HS .VVK^PSS:WLLK^H`*SHZZPJ<:(]Z ;OL>VYSKH[-HZ[-YPKH`»Z4V[VYJ`JSL :WLLK^H`PU(\I\YU*HSPM^LYL YL^HYKLK^P[OZVTLPUJYLKPISLYHJPUN· HUKH;LHT<:(]PJ[VY` 6U[OL(TLYPJHU[LHT^HZ<:( (4(5H[PVUHS:WLLK^H`*OHTWPVU)PSS` 1HUUPYV(\I\YU»Z;VTT`/LKKLUHUK )HY[)HZ[]L[LYHUYPKLYZ*OHYSPL=LULNHZ HUK)VII`:JO^HY[aHSVUN^P[O\WHUK JVTLY)Y`JL:[HYRZ[OL<:(<UKLY JOHTWPVU ;OL>VYSK[LHTPUJS\KLK.LYTHU YPKLYZ4HY[PU:TVSPUZRPHUK;VIPHZ 2YVULY7H[YPJR/V\NHHYKHUK2LUUL[O /HUZLUYLWYLZLU[PUN+LUTHYRHUK ;OVTHZa)HQLYZRPVM7VSHUK(TLYPJHU YPKLY.YLN/VV[LUÃ&#x201E;SSLKV\[[OLÃ&#x201E;UHSZP_[O ^VYSK[LHTZWV[ ;OLYPKLYZYVKLPU[LHTWHPYZHUK JVTWL[LKMVYWVPU[ZPUOLH[YHJLZ ZJVYPUNWVPU[ZMVYHÃ&#x201E;YZ[WSHJLÃ&#x201E;UPZO MVYZLJVUKHUKMVYH[OPYKWSHJL ZOV^PUN([[OLLUKVM[OLL]LUPUN;LHT <:(JHTLV\[VU[VWVM[OLPY,\YVWLHU JV\U[LYWHY[ZZJVYPUNWVPU[Z[V[OL >VYSK»Z1HUUPYVHUK:TVSPUZRPSLK HSSYPKLYZPUWVPU[Z^P[OHM[LYZP_OLH[ YHJLZ:TVSPUZRPÃ&#x201E;UPZOLK^P[O WVPU[Z HM[LYZ\IZ[P[\[PUNMVY/V\NHHYKPUOLH[ WPJRPUN\WHUV[OLYWVPU[ZYPKPUNPU ZL]LUOLH[Z ¸>L[HRLP[ZLYPV\ZS`¹ZHPK:TVSPUZRP ¸>L^HU[[VTHRLHNVVKZOV^I\[UV YPZR`Z[\MM[VUPNO[0[»ZYLHSS`UPJL[VJVTL IHJR[V(TLYPJH[VYHJLHUKZLL)PSS` 1HUUPYVHNHPUHM[LYYHJPUN[VNL[OLYPU ,\YVWL¹·4PJOHLS2PYI`


+,:,9;9(*,9:;(2,56;,

(4(9HJPUN2LUKH5H[PVUHS/HYL /V\UK*OHTWPVUZOPW:LYPLZ:JOLK\SL

7OV[VZ,UK\YV!:OHU4VVYL"/HYL /V\UK!4HYR2HYP`H":WLLK^H`!4PJOHLS2PYI`

;OL(4(9HJPUN2LUKH5H[PVUHS /HYL /V\UK*OHTWPVUZOPW:LYPLZ^HZ VULVM[OLTVZ[L_JP[PUNPUYLJLU[TLTVY` ^P[O2LUKHSS5VYTHU[HRPUN[OLÃ&#x201E;YZ[ZLYPLZ JOHTWPVUZOPWMVY/VUKH ;OLZLYPLZWYVTPZLZ[VILQ\Z[ HZ[OYPSSPUNI\PSKPUNL]LUTVYLVU[OL ZLLKZVMZ\JJLZZWSHU[LKI`[OL(4(»Z WHY[ULYZOPW^P[O[OL5H[PVUHS/HYL  /V\UK(ZZVJPH[PVU5//( ;OL5//(»Z9`HU:HUKLYZZH`Z[OH[[OL NYV\W^OPJOPUJS\KLZMV\Y(4(+PZ[YPJ[ :V\[OLYU*HSPMVYUPHJS\IZ·+LZLY[ 4*=PRPUNZ4*-V\Y(JLZ4*HUK»Z 4*·PZYLHK`[VNL[[V^VYR ¸:LYPLZ4HUHNLY*OYPZ)SHPZOHZI\PS[ HX\HSP[`JVU[PUNLUJ`WYVNYHTHUKP[ ZOV^ZLHJOHUKL]LY`[PTL^LOHUK[OL

YPKLYZ[OLPYJLY[PÃ&#x201E;JH[LZ¹:HUKLYZZH`Z ¸;OPZZLYPLZPZJSLHYS`VUP[Z^H`[VIL [OLWYLTPLYVMMYVHKYHJPUNZLYPLZPU[OL ^LZ[LYU<UP[LK:[H[LZ¹ ;OLL_[YHH[[LU[PVU[OLJS\IZOH]L ILLUNP]PUNHTH[L\YJSHZZLZPZWH`PUNVMM :HUKLYZZH`Z ¸;OL*YPKLYWYVNYHTOHZILLUV\YILZ[ HJJVTWSPZOTLU[[O\ZMHY¹OLZH`Z¸;OL U\TILYVMYPKLYZ^OVOH]LILLU[YH]LSPUN PZHTHaPUNHUKP[»ZYLHSS`HMHTPS`[OPUN¹ ;OL(4(9HJPUN2LUKH5H[PVUHS /HYL /V\UK*OHTWPVUZOPW:LYPLZ ILNPUZ1HUH[[OL1VOUZVU=HSSL`6/= (YLHULHY3\JLYUL*HSPM;OLUPULYV\UK JOHTWPVUZOPW^PSSZLLHJ[PVUPU*HSPMVYUPH 0KHOVHUK<[HO;OLJVTWSL[LZJOLK\SLPZ VUWHNL


/(336- -(4,

/HSSVM-HTLY

),550./;/69:,*(47),33 (4V[VYJ`JSPUN*OHTWPVU6U*HWP[VS/PSS -VYTLY<::LU)LU5PNO[OVYZL *HTWILSS»ZT`YPHKHJJVTWSPZOTLU[ZZWHU IV[OOPZW\ISPJHUKWYP]H[LSPMLHUKJLU[YHS [VIV[OPZOPZHK]VJHJ`VMTV[VYJ`JSPUN HUKTV[VYJ`JSPZ[Z»YPNO[Z )VYUPU(\I\YU*HSPMVU(WYPS  *HTWILSSZLY]LKPU[OL<:(PY-VYJL K\YPUN[OL2VYLHU>HY^OLYLOLLHYULK [OL2VYLHU:LY]PJL4LKHSHUK[OL(PY 4LKHS/LYL[\YULK[V[OL<UP[LK:[H[LZ PU HUKLHYULKKLNYLLZPUWO`ZPJHS LK\JH[PVUHUKÃ&#x201E;ULHY[ZH[*HSPMVYUPH:[H[L <UP]LYZP[`H[:HU1VZLPU  *HTWILSSILJHTLH[OYLL[PTL<: Q\KVJOHTWPVU^PUUPUN[OLNVSKTLKHS PU[OL7HU(TLYPJHU.HTLZPU HUK ^HZJHW[HPUVM[OL<:6S`TWPJ1\KV ;LHTPU[OL :\TTLY6S`TWPJZPU ;VR`V 7VSP[PJHSS`OLZLY]LKHZIV[OH<: YLWYLZLU[H[P]LHUK[OLUZLUH[VYMYVT *VSVYHKVILNPUUPUNPU /LZLY]LK

(TLYPJHU4V[VYJ`JSPZ[JVT

[OYLL[LYTZPU[OL/V\ZLHUK[OLU[^V [LYTZPU[OL:LUH[L+\YPUNOPZSVUN[LU\YL PU*VUNYLZZ*HTWILSS^HZHYLJVNUPaLK TV[VYJ`JSPZ[HUKHUHYKLU[HUKWHZZPVUH[L JOHTWPVUMVYTV[VYJ`JSPUN /L^HZ^LSSRUV^UUV[VUS`MVYOPZ THU`HJJVTWSPZOTLU[ZPU[OLSLNPZSH[P]L HYLUHI\[MVYOPZ^LZ[LYUKYLZZOPZ WVU`[HPSHUKHIV]LHSSOPZ/HYSL` +H]PKZVU/L^HZ[OLTV[VYJ`JSPUN JVTT\UP[`»ZZ[YVUNLZ[HK]VJH[LHUKILZ[ MYPLUKVU*HWP[VS/PSS +\YPUN[OH[[PTL*HTWILSSZWVRLV\[ HNHPUZ[PUZ\YHUJLJVTWHUPLZKLU`PUN JV]LYHNL[VTV[VYJ`JSPZ[ZKLMLUKLK [OLYPNO[VMTV[VYJ`JSPZ[Z[V\ZLOPNO VJJ\WHUJ`]LOPJSL/6=SHULZHUK Z\WWVY[LKM\UKPUNMVYTV[VYJ`JSLZHML[` /LHSZVMV\NO[[VLUZ\YL[OH[ TV[VYJ`JSPZ[ZJV\SKU»[ILKLUPLKHJJLZZ [VHU`OPNO^H`VYYVHK[OH[\ZLKMLKLYHS OPNO^H`M\UKZMVYWSHUUPUNJVUZ[Y\J[PVU

VYTHPU[LUHUJL (YHUJOLY*HTWILSS^HZHZ[H\UJO Z\WWVY[LYVMWYP]H[LWYVWLY[`YPNO[ZHUK T\S[PWSL\ZLZVMW\ISPJSHUK+\YPUN[OL OLH[LKKLIH[LV]LYWYV[LJ[PVUVM[OL *HSPMVYUPHKLZLY[OLMV\NO[[VRLLW TPSSPVUZVMHJYLZVM[OLKLZLY[VWLU[VVMM OPNO^H`TV[VYJ`JSPZ[Z 0[^HZU»[\U\Z\HS[VZLL*HTWILSS»Z TV[VYJ`JSLWHYRLKPUMYVU[VM[OL*HWP[VS HUKOLZLY]LKHZHJVUZ[HU[HTIHZZHKVY MVY[OLZWVY[HUK[OLSPMLZ[`SL 0U *HTWILSS^HZOVUVYLK^P[O [OL(4(/HaLS2VSI)YPNO[LY0THNL (^HYK[OL(ZZVJPH[PVU»ZOPNOLZ[H^HYKMVY HJ[P]P[PLZ[OH[NLULYH[LNVVKW\ISPJP[`MVY TV[VYJ`JSPUN (M[LYSLH]PUN[OL:LUH[LPU *HTWILSS^LU[[V[OLSH^Ã&#x201E;YTVM/VSSHUK HUK2UPNO[ *HTWILSS^HZPUK\J[LKPU[V[OL 4V[VYJ`JSL/HSSVM-HTLPU


7OV[VZ*HTWILSS!<::LUH[L/PZ[VYPJHS6MÃ&#x201E;JL"*VSL!2LU-YPJR

/(336--(4,

/(336--(4,)6(9+4,4),9796-03, ,KKPL*VSL

)VYU!7P[[ZI\YNO  -PYZ[TV[VYJ`JSLYPKL!0^HZ`LHYZ VSKHUKT`Ã&#x201E;YZ[YPKL^HZH@HTHOHJJ 0NYL^\WPU:HU[H*SHYP[H*HSPMHUK ^LJV\SKYPKLYPNO[V\[VMT`WHYLU[Z» KYP]L^H`[V[OLSVJHSOPSSZHUK[YHPSZ >LYVKLL]LY`KH`HM[LYZJOVVSHUKHSS ^LLRLUKSVUN 4V[VYJ`JSPUNL_WLYPLUJL!0^HZ PU[YVK\JLK[VVMMYVHKTV[VYJ`JSLZI`H ULPNOIVYHUK^HZOVVRLKH[`LHYZVSK 0YVKLL]LY`KH`Z[HY[LKYHJPUNTV[VJYVZZ WYVMLZZPVUHSS`PU[OLLHYS`»ZYPKPUN MVY7LU[VU>LZ[MHJ[VY`2H^HZHRPHUK )\S[HJV4V[VYJ`JSPUNOHKILLUT`SPML HUKILLU]LY`NVVK[VTLT`MHTPS`HUK T`MYPLUKZ;OHURNVVKULZZT`ULPNOIVY OHKKPY[IPRLZ >VYRL_WLYPLUJL!0Z[HY[LKT`Ã&#x201E;YZ[ JVTWHU`(UZ^LY7YVK\J[ZPU HUK PU[YVK\JLK.HLYULIVV[ZHUK:PSRVSLUL 6PSZ[V[OL<UP[LK:[H[LZPU[OLTPK»Z 0[OLUKL]LSVWLK7YV[HWLY/HUKSLIHYZ ^P[O:JV[[)V`LYHUKPU[YVK\JLK-HJ[VY` ,MML_ZPU[OLSH[L»Z^P[O)Y`HY/VSJVTI H[(UZ^LY7YVK\J[Z0ZVSK[OLI\ZPULZZ PU [V;\JRLY9VJR`Z[H`LKHZ WYLZPKLU[\U[PS HUK[OLUPU  Z[HY[LK:P_:P_6UL>LHJX\PYLK:\USPUL -PS[YVU9V`HS4;)JSV[OPUNHUKZVSK[OL JVTWHU`PU;VKH`:P_:P_6ULPZH[ 65,0UK\Z[YPLZHUK0»TUV[PU]VS]LKPU[OL I\ZPULZZ0»TJ\YYLU[S`JVHJOPUNT`ZVUZ *OHKKHUK*HTLYVU^P[O[OLPYUL^Z[HY[ \WJVTWHU`4H[YP_*VUJLW[Z >O``V\YPKL!>OLU0^HZYHJPUN0 LUQV`LK[OLJVTWL[P[PVUHUKL_JP[LTLU[ I\[TVZ[S`[OLMYPLUKZOPWZHUKSPMLSVUN YLSH[PVUZOPWZ0I\PS[HUKOH]LUV^ KL]LSVWLKPU[OLTV[VYJ`JSLPUK\Z[Y` V]LY[OL`LHYZ4V[VYJ`JSLWLVWSLHYL NYLH[MYPLUKZHNYLH[IYLLK[OH[PZOHYK[V L_WSHPU;OL`HYLZWLJPHSWLVWSL^OVOH]L

HSV[PUJVTTVU HUKHYLHS^H`Z ^PSSPUN[VOLSW LHJOV[OLY -H]VYP[LIPRL!0 KVU»[OH]LVUL [OH[Z[HUKZV\[ HZHMH]VYP[L UV^0LUQV`[OL ]PU[HNLVMMYVHK TV[VYJ`JSLZ MYVT[OL»Z ILJH\ZL[OL TLTVYPLZNYV^PUN\WYHJPUNHUK[YH]LSPUN ^P[OMYPLUKZ^LYLZVNYLH[ ;OLILZ[IPRLL]LY!;OLUL^LYVMM YVHKIPRLZHSSVM[OLTHYLZVNVVK ,UNPULLYPUNZ\ZWLUZPVUWV^LYOHUKSPUN YLSPHIPSP[`HUKZ[`SPUNHYLZVNYLH[UV^P[»Z OHYK[VWPJRHMH]VYP[L (4(4LTILYZPUJL!  >O`0»THU(TLYPJHU4V[VYJ`JSL /LYP[HNL-V\UKH[PVU(4/-)VHYK TLTILY!4V[VYJ`JSLZOH]LILLUT`SPML ;VT>OP[LHZRLKPM0^V\SKQVPU[OL)VHYK HUK0HNYLLKYPNO[H^H`0KPKU»[OH]L[V [OPURHIV\[P[MVYHZLJVUK0OVWL0JHU JVU[YPI\[LT`ZRPSSZHUKOLSW[OL4\ZL\T HUK/HSSVM-HTLJHYY`V\[[OLTPZZPVU [VTLTVYPHSPaL[OLTHJOPULZHUKNYLH[ WLVWSLVMTV[VYJ`JSPUNHUKWYVTV[L[OL ZWVY[^LSV]L ;OLIPNNLZ[JOHSSLUNLMHJPUN[OL 4V[VYJ`JSL/HSSVM-HTL!,K\JH[PUN[OL TV[VYJ`JSPUNW\ISPJHUKPUK\Z[Y`HIV\[ [OL/HSSVM-HTLZV^LJHUYHPZL[OLM\UKZ ULLKLK[VTHRL[OL/HSSVM-HTLHUK HUU\HSJLYLTVU`[OLILZ[[OL`JHUILHUK L]LY`[OPUN[OL`ZOV\SKIL ;OL(4/-YHPZLZM\UKZMVY[OL 4V[VYJ`JSL/HSSVM-HTL3LHYUTVYL HUKÃ&#x201E;UKV\[OV^`V\JHUJVU[YPI\[LH[ 4V[VYJ`JSL4\ZL\TVYN%:\WWVY[

)YVJ.SV]LY IHJRPU[OLKH`

/(336--(4,9 )96*.36=,9/6569,+ 05*(30-6950(

,HYUZ7YLZ[PNPV\Z,KPZVU+`L(^HYK :P_[PTL(4(5H[PVUHS*OHTWPVUHUK 4V[VYJ`JSL/HSSVM-HTLY)YVJ¸.VSKLU )V`¹.SV]LY^HZH^HYKLK[OL,KPZVU+`L 3PML[PTL(JOPL]LTLU[(^HYKPUHZWLJPHS JLYLTVU`VU5V]K\YPUN[OL4;( >VYSK=L[*OHTWPVUZOPWYHJLZH[.SLU /LSLU9HJL^H`PU+L]VYL*HSPM ;OPZZWLJPHSYLJVNUP[PVUPZNP]LUVUS`[V [OVZL^OVOH]LTHKLNYLH[JVU[YPI\[PVUZ [V[OL^VYSKVMTV[VJYVZZYHJPUNHUK PZVULVM[OLTVZ[WYLZ[PNPV\ZH^HYKZ HYHJLYJHUYLJLP]L.SV]LYPZ[OL YLJPWPLU[VM[OL,KPZVU+`L(^HYK WSHJPUNOPTHTVUNV[OLYSLNLUKHY`YPKLYZ Z\JOHZ/HSSVM-HTLYZ9VNLY+L*VZ[LY .HY`1VULZ1LMM>HYKHUK)VI/HUUHO Q\Z[[VUHTLHML^+`LPZHSZVHTLTILY VM[OL/HSSVM-HTL

5V^

(

]H Ame Zazzle PSHISL rican .com  / UL^ M SVNV otorcycl ist NLH Y [VV




HALL OF FAME

Photos Grogan Studios

1977 SUZUKI RM125 A Bike To Showcase FOX Racing Shox Although FOX Racing Shox remains active today in numerous markets—from off-road car racing to motocross—most remember the company for its motocross roots. This bike is from those early years when FOX Racing Shox was just getting established. It’s a 1977 Suzuki RM125 outfitted with period FOX Racing AirShox to showcase the product. The FOX AirShox are gas pressurized, negating the use of a traditional spring

and reducing the weight of the shocks significantly. The units are attached to a highly polished swingarm, while Preston Petty fenders hang from the rear subframe and lower triple clamp. The rest of the bike is restored to likenew period condition, providing a suitable setting for some of the earlier FOX Racing Shox technology. Motorcycle Hall of Famer Bob Fox, with FOX Racing Shox Inc., made

his mark producing state-of-the-art suspension components for motocross and off-road motorcycles, all-terrain vehicles (ATVs), snowmobiles, 4x4s and mountain-bike suspension systems. A physicist by training, Fox was an avid inventor and MX rider in his spare time. He started racing using his own motocross suspension designs in 1974, and just one year later he and his brother, Geoff, marketed an air-shock absorber

Hall of Fame features the machines and people of the Motorcycle Hall of Fame in Pickerington, Ohio. The Hall of Fame is a 501(c)3 non-profit corporation that receives support from the AMA and from motorcycling enthusiasts. For info and directions, visit MotorcycleMuseum.org, or call (614) 856-2222.

30

AmericanMotorcyclist.com


/(336--(4,

KLZPNULKZWLJPÄJHSS`MVYWYV4?YHJPUN 0U /HSSVM-HTLY2LU[/V^LY[VU ^VU[OL(4(JJ4?JOHTWPVUZOPW VUHK\HSJOHTILY-6?(PY:OV_ LX\PWWLK/\ZX]HYUH;OLUL_[`LHY[OL UVUMHJ[VY`;LHT4V[V?-V_\WZL[[OL TV[VJYVZZ^VYSK^P[O[VWYLZ\S[ZPU[OL (4(5H[PVUHS4V[VJYVZZ*OHTWPVUZOPW ^P[OYPKLYZ7H[9PJO[LYHUK/HSSVM-HTLYZ :[L]L>PZLHUK4HYR)HYUL[[ >P[OOPZZ\JJLZZ)VI-V_[OLU Z[HY[LK[OLJVTWHU`-V_-HJ[VY`[V MVJ\ZVU[OLWYVK\J[PVUVM-6?(PY:OV_ HUKZ\ZWLUZPVUYLSH[LKWYVK\J[Z;OL

JVTWHU`JVU[PU\LK[VIYPUNPUUV]H[P]L WYVK\J[Z[VTHYRL[PUJS\KPUN[OLÄYZ[HPY MVYRRP[KLZPNULKI`:[L]L:PTVUZJHSSLK -V_-HJ[VY`-VY_ -V_HUK:PTVUZZVVUILJHTL NPHU[ZPU[OLZ\ZWLUZPVUI\ZPULZZ^P[O -V_»Z(PY:OV_KVTPUH[PUNWYVMLZZPVUHS YHJPUNHUK:PTVU»Z\WZPKLKV^UMVYR HUKJHY[YPKNLYVKKLZPNUJOHUNPUN[OL Z\ZWLUZPVUSHUKZJHWLMVYL]LY ;OPZ :\a\RP94PZQ\Z[VULVM [OLTHU`L_JP[PUNTHJOPULZVUKPZWSH`PU [OL4V[VYJ`JSL/HSSVM-HTL4\ZL\TVU [OL(4(JHTW\ZPU7PJRLYPUN[VU6OPV

31

1HU\HY`


;OL WLYZVU ^P[O [OL TVZ[ ZPNUPÃ&#x201E;JHU[ PTWHJ[ VU TV[VYJ`JSPUN PU & ;OL THU ^OV ZPNULK H SH^ [OH[ JV\SK HMMLJ[ TV[VYJ`JSPUN MVY `LHYZ

7+($0$ 02725&<&/,67 2)7+(<($5 *29$512/' 6&+:$5=(1(**(5 3H[L PU  HZ OPZ [PTL HZ *HSPMVYUPH»Z NV]LYUVY ^HZ [PJRPUN [V^HYK P[Z LUK (YUVSK:JO^HYaLULNNLYZPNULKHSH^[OH[PZL_WLJ[LK[VOH]LHMHYYLHJOPUNHUK WV[LU[PHSS`ZPNUPÃ&#x201E;JHU[LMMLJ[VUOV^^LHSSLUQV`V\YTV[VYJ`JSLZ (Z ZPNULK I` :JO^HYaLULNNLY :LUH[L )PSS  ^HZ HPTLK KPYLJ[S` H[ J\Y[HPSPUN L_JLZZP]L TV[VYJ`JSLZV\UK/V^L]LYPUZ[LHKVMYLN\SH[PUN ZV\UK I` [OL HKVW[PVU VM H YLHZVUHISL ZV\UK TLHZ\YLZ\JOHZ[OL:(,1Z[HUKHYK[OL Z[H[L^PKLIPSS[VVRHKPMMLYLU[HWWYVHJO 0[YLX\PYLZHSS*HSPMVYUPHYLNPZ[LYLKTV[VYJ`JSLZ HUK L_OH\Z[ Z`Z[LTZ I\PS[ PU  HUK SH[LY [V KPZWSH` H MLKLYHS ,U]PYVUTLU[HS 7YV[LJ[PVU (NLUJ` SHILS ZVTL^OLYL VU [OL L_OH\Z[ P[ZLSM JLY[PM`PUN [OH[ [OL L_OH\Z[ TLL[Z MLKLYHS ZV\UK Z[HUKHYKZ ;OLSH^LMMLJ[P]LS`THUKH[LZHZ[VJRL_OH\Z[ Z`Z[LT ILJH\ZL VUS` H JV\WSL VM HM[LYTHYRL[ THU\MHJ[\YLYZ J\YYLU[S` VMMLY WPWLZ ^P[O [OL YLX\PYLK,7(SHILSHUK[OVZLWPWLZHYLVUS`MVY H ML^ ZWLJPÃ&#x201E;J TV[VYJ`JSLZ (UK [OLYL PZ NVVK YLHZVU[VKV\I[[OH[THU`TVYL^PSSILVMMLYLK I`[OL[PTL[OLSH^[HRLZLMMLJ[ILJH\ZL[OLJVZ[ VM ,7( JLY[PÃ&#x201E;JH[PVU MVY TVZ[ V[OLY TV[VYJ`JSL TVKLSZTH`ILWYVOPIP[P]LS`L_WLUZP]L >P[O :JO^HYaLULNNLY»Z ZPNUH[\YL [OL SH^ PUZ[HU[S` [OYV^Z TV[VYJ`JSPUN PU[V H ZWPU 0U VUL Z^VVW [OL HM[LYTHYRL[ L_OH\Z[ PUK\Z[Y` PZ [OYLH[LULK YPKLYZ HYL Z\KKLUS` MHJPUN L_WLUZP]L HUK JVUM\ZPUN VW[PVUZ MVY YLWSHJPUN ^VYU L_OH\Z[Z HUK WVSPJL HYL SLM[ OVSKPUN HU LUMVYJLTLU[IHN[OH[PZL_[YLTLS`WYVISLTH[PJH[

32(TLYPJHU4V[VYJ`JSPZ[JVT

ILZ[HUKWV[LU[PHSS`KHUNLYV\ZH[^VYZ[ *VTWV\UKPUN [OL PZZ\L OPZ[VY` OHZ WYV]LU [OH[ ^OH[ OHWWLUZ PU *HSPMVYUPH JHU HUK KVLZ \S[PTH[LS`ZWYLHK[V[OLYLZ[VM[OLJV\U[Y` ¸.V] :JO^HYaLULNNLY OHZ PU THU` ^H`Z ILLU H MYPLUK VM TV[VYJ`JSPUN¹ UV[LZ (4( 7YLZPKLU[ HUK *,6 9VI +PUNTHU ¸)\[ H[ [OL ZHTL [PTL ^P[O [OPZ SH[LZ[ TV]L OL»Z JYLH[LK HU PZZ\L [OH[ TV[VYJ`JSPZ[Z JVTWHU` V^ULYZ HUK [OL TV[VYJ`JSPUN YPNO[Z JVTT\UP[` ^PSS IL ^YLZ[SPUN^P[OMVY`LHYZ  ¸;OL V]LYHSS PZZ\L VM TV[VYJ`JSL ZV\UK PZ ZVTL[OPUN [OH[ L]LU [OL NV]LYUVY VM *HSPMVYUPH MLLSZ ZOV\SK IL HKKYLZZLK¹ +PUNTHU UV[LZ ¸>L»]L ILLU ZH`PUN MVY `LHYZ [OH[ PM [OL TV[VYJ`JSPUN JVTT\UP[` KPKU»[ WVSPJL P[ZLSM VU L_JLZZP]L ZV\UK [OLU [OL NV]LYUTLU[ ^V\SK HUK^L^V\SKU»[SPRL[OLYLZ\S[Z ¸0U [OPZ JHZL [OH[»Z L_HJ[S` ^OH[ OHWWLULK¹ +PUNTHUZH`Z ¸.P]LU [OH[ P[»Z LHZ` [V THRL [OL JHZL [OH[ .V]:JO^HYaLULNNLYPZ[OLWLYZVU^OVOHK[OL TVZ[WYVMV\UKLMMLJ[VUTV[VYJ`JSPUNPU· HUKSPRLS`^LSSIL`VUK¹OLZH`Z -VY [OL MHYYLHJOPUN LMMLJ[Z VM OPZ HJ[PVUZ VU TV[VYJ`JSPZ[Z HJYVZZ [OL JV\U[Y` .V] (YUVSK :JO^HYaLULNNLYPZ[OL(4(»Z4V[VYJ`JSPZ[VM[OL @LHYMVY


Photo by Robert Gallagher/JBG Photo


7OV[VI`:JV[[*V_

$0$02725&<&/,67 2)7+(<($5

7YV4V[VYJ`JSPUN (NLUKH

:JO^HYaLULNNLYJHTL[VVMÃ&#x201E;JLPU HZHOPNOWYVÃ&#x201E;SLTV[VYJ`JSPZ[[OHURZ[V YVSLZPUTV]PLZSPRL¸;OL;LYTPUH[VY¹HUK ¸;LYTPUH[VY!1\KNTLU[+H`¹^OLYLOL ^HZZOV^UYPKPUNTV[VYJ`JSLZ(M[LYOL ^HZLSLJ[LKOPZJYHZO^OPSLVWLYH[PUN HZPKLJHYYPN^P[OV\[HTV[VYJ`JSL LUKVYZLTLU[PUM\Y[OLYJVUULJ[LK OPT^P[OTV[VYJ`JSPUNPU[OLW\ISPJL`L -VY[OLTVZ[WHY[[OV\NO:JO^HYaLU LNNLY»ZPUÃ&#x2026;\LUJLVUTV[VYJ`JSPUNPU[OL Z[H[L^P[O[OLJV\U[Y`»ZOPNOLZ[U\TILY VMYPKLYZOHZILLUILOPUK[OLZJLULZ /L»ZILLULMMLJ[P]LPUHK]HUJPUNHZ\I[SL TVZ[S`ILSV^[OLYHKHYWYVTV[VYJ`JSPUN HNLUKH

>OPSLLMMVY[Z[VYLHJO:JO^HYaLULNNLY MVY[OPZZ[VY`^LYL\UZ\JJLZZM\S[OL NV]LYUVY»ZLMMLJ[ZVUTV[VYJ`JSPUNPUOPZ OVTLZ[H[LHYL^LSSKVJ\TLU[LK 6ULVMOPZLHYS`HJ[PVUZ^HZPU[OLHYLH VMVMMOPNO^H`YPKPUNHUKOPZHWWVPU[TLU[Z [V[OL*HSPMVYUPH:[H[L7HYRZ6MM/PNO^H` 4V[VY=LOPJSL9LJYLH[PVU*VTTPZZPVU 0UHZ[H[LILZL[I`OPNOWV^LYLKHU[P HJJLZZNYV\WZKLKPJH[LK[VZO\[[PUNKV^U VMMOPNO^H`]LOPJSL6/=\ZLVUW\ISPJ SHUK:JO^HYaLULNNLYHWWVPU[LKHU\TILY VMWYVTV[VYJ`JSPUNPUKP]PK\HSZ[VRL` WVZP[PVUZ 5PJR/HYPZ[OL(4(»Z>LZ[LYUZ[H[LZ YLWYLZLU[H[P]LUV[LZ[OH[:JO^HYaLULNNLY JV\SKOH]L\ZLK[OVZLHWWVPU[TLU[Z[V WSHJH[LHU[PHJJLZZNYV\WZ;OLMHJ[[OH[

³,NQHZLI,ZRXOGWXUQOHIW WKDWWKH5HSXEOLFDQVZRXOGJHWPDG $QGLI,WXUQHGULJKWP\ZLIHZRXOGJHWPDG 6R,MXVWFUDVKHGLQWRWKHFDU ,WVHHPHGOLNHDVDIHUWKLQJWRGR´ ·(YUVSK:JO^HYaLULNNLYJVTTLU[PUNVUOPZTV[VYJ`JSLJYHZO

34(TLYPJHU4V[VYJ`JSPZ[JVT

OLKPKU»[^HZHIPN^PUMVYTV[VYJ`JSPZ[Z ¸;OLZ[YHUNL[OPUNPZ[OH[PU*HSPMVYUPH [OLV]LYZPNO[MVY6/=ZMHSSZ\UKLY[OL \TIYLSSHVM[OLZ[H[LWHYRZHUK[OL M\UKPUNMVY[OLWYVNYHTT\Z[ILYLUL^LK WLYPVKPJHSS`¹/HYPZZH`Z¸;OH[M\UKPUN^HZ ZL[[VL_WPYLHUK.V]:JO^HYaLULNNLY»Z NYV\WZH[KV^U^P[O[OL6/=JVTT\UP[` HUKHZRLKº>OH[KV`V\^HU[&»¹ (U[PHJJLZZMVYJLZ^LYL^VYRPUNVUH WSHU[OH[^V\SKNP]L[OLTTVYLJVU[YVSVM [OLJVTTPZZPVU/HYPZUV[LZ ¸9H[OLY[OHUJH]LPU[V[OVZLWYLZZ\YLZ .V]:JO^HYaLULNNLYIHJRLK[OLVMM OPNO^H`JVTT\UP[`^OPJOYLZ\S[LKPUH TVYLIHSHUJLKWYVNYHT¹/HYPZZH`Z¸0U MHJ[[OL6/=JVTTPZZPVUOHZJVUZPZ[LU[S` OHKHOPNOLYU\TILYVMWYVTV[VYJ`JSPUN ]VPJLZL]LYZPUJL¹ :JO^HYaLULNNLYHSZVOLSWLKTV]L TV[VYJ`JSPUNMVY^HYKPU[OLHYLHVMKPY[IPRL ZV\UK/V^& .V].YH`+H]PZ:JO^HYaLULNNLY»Z WYLKLJLZZVYZPNULKPU[VSH^(ZZLTIS` )PSS*OHW[LYVU:LW[ ;OLSH^ZL[Z[YPJ[LYZV\UKSPTP[ZMVY6/=Z >OLU:JO^HYaLULNNLYJHTL[VVMÃ&#x201E;JL P[^HZ\W[VOPZUL^HKTPUPZ[YH[PVU[V JVU[PU\L[VLK\JH[LYPKLYZHIV\[[OLUL^ SH^^OPJOZL[HZV\UKSPTP[VM KLJPILSZ MVYKPY[IPRLZ\ZLKVUW\ISPJSHUK


³,MXVWQHYHUUHDOO\DSSOLHGIRULW ,WZDVMXVWRQHRIWKRVHWKLQJV WKDW,QHYHUUHDOO\GLG´ ·:JO^HYaLULNNLYHJRUV^SLKNPUN\UKLYX\LZ[PVUPUNMYVT YLWVY[LYZMVSSV^PUNOPZJYHZO[OH[OLUL]LYIV[OLYLK[V NL[HTV[VYJ`JSLSPJLUZL

³,QHHG\RXUFORWKHV\RXUERRWV DQG\RXUPRWRUF\FOH´ ·;OL;LYTPUH[VY¸;LYTPUH[VY!1\KNTLU[+H`¹

6HQDWH%LOO1R &+$37(5 $QDFWWRDGG6HFWLRQWRWKH9HKLFOH&RGHUHODWLQJWRYHKLFOHV >$SSURYHGE\*RYHUQRU6HSWHPEHU )LOHGZLWK 6HFUHWDU\RI6WDWH6HSWHPEHU @

legislative counselâ&#x20AC;&#x2122;s digest

6% 3DYOH\ 9HKLFOHVSROOXWLRQFRQWUROGHYLFHV  ([LVWLQJIHGHUDOUHJXODWLRQVUHTXLUHDPRWRUF\FOHPDQXIDFWXUHGRQ DQG DIWHU -DQXDU\   DQG H[KDXVW HPLVVLRQ V\VWHPV IRU WKRVH PRWRUF\FOHVWRPHHWVSHFLÃ&#x20AC;HGQRLVHHPLVVLRQVVWDQGDUGVDQGUHTXLUHWKDW DODEHOEHDIÃ&#x20AC;[HGRQWRWKHPRWRUF\FOHRUH[KDXVWHPLVVLRQV\VWHPLQGLFDWLQJ WKDWWKHPRWRUF\FOHRUH[KDXVWHPLVVLRQV\VWHPPHHWVWKHQRLVHHPLVVLRQV VWDQGDUGV 7KLVELOOZRXOGPDNHLWDFULPHIRUDSHUVRQWRSDUNXVHRURSHUDWHD PRWRUF\FOHUHJLVWHUHGLQWKHVWDWHWKDWLVPDQXIDFWXUHGRQDQGDIWHU-DQXDU\ RUDPRWRUF\FOHUHJLVWHUHGLQWKHVWDWHZLWKDIWHUPDUNHWH[KDXVW V\VWHPHTXLSPHQWWKDWLVPDQXIDFWXUHGRQRUDIWHU-DQXDU\WKDW GRHVQRWKDYHWKHDERYHODEHODQGZRXOGPDNHDYLRODWLRQRIWKLVSURYLVLRQ SXQLVKDEOH E\ D VSHFLÃ&#x20AC;HG Ã&#x20AC;QH WKHUHE\ LPSRVLQJ D VWDWHPDQGDWHG ORFDO SURJUDPE\FUHDWLQJDQHZFULPH7KHELOOZRXOGUHTXLUHWKHSHUVRQWRZKRP DQRWLFHWRDSSHDULVLVVXHGRUDJDLQVWZKRPDFRPSODLQWLVÃ&#x20AC;OHGIRUWKH DERYHYLRODWLRQWRSURYLGHSURRIRIFRUUHFWLRQ7KHELOOZRXOGDXWKRUL]HD FRXUW WR GLVPLVV WKH SHQDOW\ LPSRVHG IRU D Ã&#x20AC;UVW YLRODWLRQ LI WKH SHUVRQ SURGXFHVSURRIRIFRUUHFWLRQWRWKHVDWLVIDFWLRQRIWKHFRXUW  7KH &DOLIRUQLD &RQVWLWXWLRQ UHTXLUHV WKH VWDWH WR UHLPEXUVH ORFDO DJHQFLHVDQGVFKRROGLVWULFWVIRUFHUWDLQFRVWVPDQGDWHGE\WKHVWDWH6WDWXWRU\ SURYLVLRQVHVWDEOLVKSURFHGXUHVIRUPDNLQJWKDWUHLPEXUVHPHQW 7KLVELOOZRXOGSURYLGHWKDWQRUHLPEXUVHPHQWLVUHTXLUHGE\WKLVDFWIRU DVSHFLÃ&#x20AC;HGUHDVRQ 7KHSHRSOHRIWKH6WDWHRI&DOLIRUQLDGRHQDFWDVIROORZV 6(&7,21 6HFWLRQLVDGGHGWRWKH9HKLFOH&RGHWRUHDG  D 1RWZLWKVWDQGLQJDQ\RWKHUODZDSHUVRQVKDOOQRWSDUN XVHRURSHUDWHDPRWRUF\FOHUHJLVWHUHGLQWKH6WDWHRI&DOLIRUQLDWKDWGRHV QRWEHDUWKHUHTXLUHGDSSOLFDEOHIHGHUDO(QYLURQPHQWDO3URWHFWLRQ$JHQF\ H[KDXVW V\VWHP ODEHO SXUVXDQW WR 6XESDUWV ' FRPPHQFLQJ ZLWK 6HFWLRQ  DQG( FRPPHQFLQJZLWK6HFWLRQ RI3DUWRI7LWOH RI WKH &RGH RI )HGHUDO 5HJXODWLRQV$ YLRODWLRQ RI WKLV VHFWLRQ VKDOO EH FRQVLGHUHG D PHFKDQLFDO YLRODWLRQ DQG D SHDFH RIÃ&#x20AC;FHU VKDOO QRW VWRS D



&K 

³³

PRWRUF\FOH VROHO\ RQ D VXVSLFLRQ RI D YLRODWLRQ RI WKLV VHFWLRQ$ SHDFH RIÃ&#x20AC;FHUVKDOOFLWHDYLRODWLRQRIWKLVVHFWLRQDVDVHFRQGDU\LQIUDFWLRQ E $YLRODWLRQRIWKLVVHFWLRQLVSXQLVKDEOHDVIROORZV  )RUDÃ&#x20AC;UVWFRQYLFWLRQE\DÃ&#x20AC;QHRIQRWOHVVWKDQÃ&#x20AC;IW\GROODUV   QRUPRUHWKDQRQHKXQGUHGGROODUV    )RUDVHFRQGRUVXEVHTXHQWFRQYLFWLRQE\DÃ&#x20AC;QHRIQRWOHVVWKDQRQH KXQGUHGGROODUV  QRUPRUHWKDQWZRKXQGUHGÃ&#x20AC;IW\GROODUV   F   7KHQRWLFHWRDSSHDULVVXHGRUFRPSODLQWÃ&#x20AC;OHGIRUDYLRODWLRQRI WKLVVHFWLRQVKDOOUHTXLUHWKDWWKHSHUVRQWRZKRPWKHQRWLFHWRDSSHDULV LVVXHGRUDJDLQVWZKRPWKHFRPSODLQWLVÃ&#x20AC;OHGSURGXFHSURRIRIFRUUHFWLRQ SXUVXDQWWR6HFWLRQ  8SRQSURGXFLQJSURRIRIFRUUHFWLRQWRWKHVDWLVIDFWLRQRIWKHFRXUW WKHFRXUWPD\GLVPLVVWKHSHQDOW\LPSRVHGSXUVXDQWWRVXEGLYLVLRQ E IRU DÃ&#x20AC;UVWYLRODWLRQRIWKLVVHFWLRQ G   7KLVVHFWLRQLVDSSOLFDEOHWRDSHUVRQRSHUDWLQJDPRWRUF\FOHWKDW LVPDQXIDFWXUHGRQRUDIWHU-DQXDU\RUDPRWRUF\FOHZLWKDIWHUPDUNHW H[KDXVWV\VWHPHTXLSPHQWWKDWLVPDQXIDFWXUHGRQRUDIWHU-DQXDU\  3HQDOWLHVLPSRVHGSXUVXDQWWRWKLVVHFWLRQDUHLQDGGLWLRQWRSHQDOWLHV LPSRVHGSXUVXDQWWRDQ\RWKHUDSSOLFDEOHODZVRUUHJXODWLRQV  7KLVVHFWLRQGRHVQRWVXSHUVHGHQHJDWHRURWKHUZLVHDOWHUDQ\RWKHU DSSOLFDEOHODZVRUUHJXODWLRQV 6(& 1RUHLPEXUVHPHQWLVUHTXLUHGE\WKLVDFWSXUVXDQWWR6HFWLRQ RI$UWLFOH;,,, %RIWKH&DOLIRUQLD&RQVWLWXWLRQEHFDXVHWKHRQO\FRVWVWKDW PD\EHLQFXUUHGE\DORFDODJHQF\RUVFKRROGLVWULFWZLOOEHLQFXUUHGEHFDXVH WKLVDFWFUHDWHVDQHZFULPHRULQIUDFWLRQHOLPLQDWHVDFULPHRULQIUDFWLRQ RU FKDQJHV WKH SHQDOW\ IRU D FULPH RU LQIUDFWLRQ ZLWKLQ WKH PHDQLQJ RI 6HFWLRQRIWKH*RYHUQPHQW&RGHRUFKDQJHVWKHGHÃ&#x20AC;QLWLRQRIDFULPH ZLWKLQ WKH PHDQLQJ RI 6HFWLRQ  RI $UWLFOH ;,,, % RI WKH &DOLIRUQLD &RQVWLWXWLRQ

0[OHZ^PKLS`ILLUZLLUHZH[OV\NO[M\S HUZ^LY[VHJVTWSPJH[LKX\LZ[PVU ¸;OLRL`OLYLPZ[OLMHJ[[OH[[OLSH^^HZ ^YP[[LU[VHUL_PZ[PUNZJPLUJLIHZLKZV\UK [LZ[HUK[OLPUK\Z[Y`HUKTV[VYJ`JSPZ[Z ^LYLSLM[[VKLZPNUHUK\ZL[OLZVS\[PVUZ [OH[THKL[OLTVZ[ZLUZLMVY[OLT¹ UV[LZ,K4VYLSHUK[OL(4(»ZZLUPVY]PJL WYLZPKLU[MVYNV]LYUTLU[YLSH[PVUZ¸;OL SH^KPKU»[THUKH[LZWLJPÃ&#x201E;JLX\PWTLU[0[ KPKU»[YLZ[YPJ[KLZPNUVY[\UPUNJYLH[P]P[`0[ ZL[HUHJOPL]HISLZV\UKSL]LSHUKSLM[P[[V [OLTV[VYJ`JSPUNJVTT\UP[`[VTLL[P[¹ 6U[OLZ[YLL[ZPKLPU :JO^HYaLULNNLYZPNULKHIPSSPU[VSH^ [OH[HSSV^LK*HSPMVYUPHKLHSLYZOPWZ[V PUZ[HSS*HSPMVYUPH(PY9LZV\YJLZ)VHYK *(9)HWWYV]LKHM[LYTHYRL[WPWLZHUK V[OLYLTPZZPVUZYLSH[LKWHY[ZVUUL^ TV[VYJ`JSLZH[[OL[PTLVMW\YJOHZL *(9)^HZJYLH[LKPU [VWYVTV[L HUKWYV[LJ[W\ISPJOLHS[O^LSMHYLHUK LJVSVNPJHSYLZV\YJLZI`YLK\JPUNHPY WVSS\[PVU0U1HU\HY`[OLIVHYK HK]PZLKKLHSLYZOPWZ[OH[\UKLY¸HU[P [HTWLYPUN¹Y\SLZTV[VYJ`JSLZOHK[VIL PUMHJ[VY`JVUKP[PVU^OLUZVSKMVY[OLÃ&#x201E;YZ[ [PTL =PVSH[PVUZVM[OLY\SLJV\SKOH]LSLK[V Z[PMMÃ&#x201E;ULZ

;OL3H^/LHYK »9V\UK;OL*V\U[Y`

.P]LU*HSPMVYUPH»ZOPZ[VY`PUKLHSPUN^P[O TV[VYJ`JSLZV\UKPU[OLVMMOPNO^H`HYLUH :JO^HYaLULNNLY»ZZPNUPUNVM:)·[OL Z[YLL[TV[VYJ`JSLZV\UKIPSS·PZHSS[OL TVYLWYVISLTH[PJ ¸:V\UKPZHO\NLPZZ\LI\[HZ^L»]L ZLLUV]LYHUKV]LYPM[OLPZZ\LPZSLNPZSH[LK PUH[OV\NO[M\STHUULYP[»ZL_[YLTLS` OLSWM\S¹4VYLSHUKZH`Z¸0MP[»ZHIHKSH^P[ JHUZL[TV[VYJ`JSPZ[ZIHJRZPNUPÃ&#x201E;JHU[S`¹ :)ZWVUZVYLKI`:LU-YHU7H]SL` +(NV\YH/PSSZTHRLZP[H]PVSH[PVU[V VWLYH[LHU`TV[VYJ`JSLYLNPZ[LYLKPU[OL Z[H[L[OH[^HZI\PS[VUVYHM[LY1HU [OH[KVLZU»[OH]LHMLKLYHS,7(L_OH\Z[ Z`Z[LTZV\UKLTPZZPVUZSHILS 0UHKKP[PVU[OLSH^YLX\PYLZHM[LYTHYRL[ L_OH\Z[Z`Z[LTZTHKLVUVYHM[LY1HU [VKPZWSH`[OL,7(ZV\UKLTPZZPVUZ SHILSHUK[OLYLMVYLHWWSPLZ[VPUKP]PK\HSZ

^OVZLLR[VYLWSHJL[OLL_OH\Z[Z`Z[LTVU HMMLJ[LKZ[YLL[IPRLZ ;OLOPZ[VY`VM[OL,7(SHILSKH[LZIHJR [V *VUNYLZZWHZZLK[OLMLKLYHS 5VPZL*VU[YVS(J[^OPJOYLX\PYLK[OL,7( [VZL[ZV\UKZ[HUKHYKZMVYHU\TILYVM WYVK\J[Z;OL,7(L]LU[\HSS`^YV[LY\SLZ HMMLJ[PUNHSSUL^TV[VYJ`JSLZZVSKPU[OL <:ILNPUUPUNPU  ;OVZLYLN\SH[PVUZYLX\PYLK[OH[HSSZ[YLL[ SLNHSTV[VYJ`JSLZILSPTP[LK[VKLJPILSZ H[[OH[[PTL^P[OHZ[YPJ[LYKLJPILSSPTP[ PTWVZLKILNPUUPUNPU TLHZ\YLK^P[O HYPKLI`[LZ[JVUK\J[LKMYVTMLL[;OH[ PZ[OLMLKLYHSZ[HUKHYKZ[PSSPUWSHJL[VKH` /HYPZ^OVSLK[OL(4(»ZVWWVZP[PVU [V[OL*HSPMVYUPHIPSS[OH[ILJHTLSH^ WVPU[ZV\[ZVTLVM[OLKPMÃ&#x201E;J\S[PLZ^P[O[OL SLNPZSH[PVU ¸;OLWYVISLTPZ[OH[HU,7(SHILS KVLZU»[ULJLZZHYPS`TLHUHTV[VYJ`JSL JVTWSPLZ·HTVKPÃ&#x201E;LKL_OH\Z[JHUZ[PSS OH]LHSHILS¹UV[LZ/HYPZ¸5VYKVLZ[OL SHJRVMHSHILSULJLZZHYPS`TLHU[OH[HWPWL PZUV[X\PL[LUV\NO[VTLL[[OLSH^ ¸0UTHU`^H`ZMVJ\ZPUNVU[OL SHILSP[ZLSMPZU»[Q\Z[HYIP[YHY`P[»Z JV\U[LYWYVK\J[P]L¹/HYPZZH`Z 0UHKKP[PVUTHU`,7(SHILSZHYL]LY` KPMÃ&#x201E;J\S[[VSVJH[LVUTV[VYJ`JSLZ ¸;OPZSH^JV\SKSLHK[VHÃ&#x2026;\YY`VM[PJRL[Z MVYTV[VYJ`JSPZ[Z^OVOH]LSLNHSL_OH\Z[ Z`Z[LTZ^P[O,7(SHILSZVU[OLPYTHJOPULZ [OH[JHU»[ILLHZPS`ZLLU¹ZH`Z/HYPZ ¸0[»Z\UYLHZVUHISL[VL_WLJ[HSH^ LUMVYJLTLU[VMÃ&#x201E;JLY[VLHZPS`SVJH[LHU,7( SHILSHUKP[»Z\UMHPY[VL_WLJ[HTV[VYJ`JSL V^ULY[VWHY[PHSS`KPZTHU[SL[OLIPRLVY HUL_OH\Z[Z`Z[LTHSVUN[OLYVHKZPKL[V WYV]L[OLSHILSL_PZ[Z¹OLHKKZ ;OVZL^OV]PVSH[L[OL*HSPMVYUPHSH^ MHJLÃ&#x201E;ULZVM\W[V MVYHÃ&#x201E;YZ[VMMLUZL HUK\W[V MVYZ\IZLX\LU[VMMLUZLZ 1\KNLZOH]L[OLKPZJYL[PVU[VKPZTPZZ[OL Ã&#x201E;ULMVYÃ&#x201E;YZ[[PTLVMMLUKLYZPM[OL]PVSH[PVUPZ JVYYLJ[LK (SZVH]PVSH[PVUPZJVUZPKLYLKH ZLJVUKHY`VMMLUZL^OPJOTLHUZHWVSPJL VMÃ&#x201E;JLYJHU»[Z[VWHTV[VYJ`JSPZ[ZVSLS` ILJH\ZL[OLVMÃ&#x201E;JLYILSPL]LZ[OLYPKLYPZ IYLHRPUN[OLZV\UKLTPZZPVUZSHILSSH^ 1VOU7HSP^VKHL_LJ\[P]LKPYLJ[VYVM[OL *HSPMVYUPH4V[VYJ`JSL+LHSLYZ(ZZVJPH[PVU

35

1HU\HY`


$0$02725&<&/,67 2)7+(<($5 ZH`ZOPZNYV\WVWWVZLK[OLIPSS¸ILJH\ZL [OLYLHYLLUV\NO*HSPMVYUPHZV\UKZ[H[\[LZ VU[OLIVVRZZV^LKVU»[ULLKHUV[OLY VUL ¸(SSSH^LUMVYJLTLU[OHZ[VKVPZLUMVYJL ^OH[»ZVU[OLIVVRZHUK[OH[^V\SKIL Z\MÃ&#x201E;JPLU[¹OLZH`Z ([SLHZ[VULSH^LUMVYJLTLU[VMÃ&#x201E;JPHS ^OVOHZILLU\W[VOPZLSIV^ZPU[OL JVU[YV]LYZ`Z\YYV\UKPUNHU,7(SHILS VYKPUHUJLZLLZWYVISLTZPULUMVYJPUN[OL UL^SH^ ¸0UVYKLY[VRLLW[OLWVSPJLVMÃ&#x201E;JLYZZHML PUÃ&#x201E;UKPUN[OLZLZ[HTWZHUKSHILSZ0OH]L HS^H`Z[VSKT`VMÃ&#x201E;JLYZOLYL[OH[K\YPUNHU` ]LOPJSLZLHYJOPUJS\KPUN[OLZLHYJOMVYHU` Z[H[LVYMLKLYHSSHILSZ[OH[[OLYLHS^H`ZIL [^VVYTVYLVMÃ&#x201E;JLYZWYLZLU[¹ZH`Z*OPLM )YPHU7HNLVM[OL5VY[O/HTW[VU5/ 7VSPJL+LWHY[TLU[ 7HNLOHZNP]LU[OLTH[[LYHSV[VM [OV\NO[ZPUJLOPZJP[`HKVW[LKHSHILS IHZLKZV\UKVYKPUHUJLLHYSPLY[OH[OHZ ILLU[OLJLU[LYVMJVU[YV]LYZ` ¸0MHU`,7(SHILSSH^VYZPTPSHYSH^ ^HZ[VILLUMVYJLKYLN\SHYS`P[JV\SK]LY` X\PJRS`W\[HZ[YHPUVUHU`ZPaLKLWHY[TLU[ ^OLYL`V\UV^TV]LMYVTLUMVYJPUN ^P[OVULVMÃ&#x201E;JLYHSVUL[VH[SLHZ[[^V¹OL HKKZ¸0HTZ\YL*HSPMVYUPHOHZ[OLZHTL WYVISLTZPU[OLPYSVJHSWVSPJLZ[H[LWVSPJL VYZOLYPMMKLWHY[TLU[Z^OLYLTVZ[VM[OL [PTL[OL`KVUV[OH]LLUV\NOWLYZVUULS[V KV[OLQVIHUK[OPZ[`WLVMZP[\H[PVU^V\SK VUS`HNNYH]H[L[OH[WYVISLT ¸;OLYLTH`ILHKTPUPZ[YH[VYZV\[[OLYL ^OVHYL^PSSPUN[VOH]LHUVMÃ&#x201E;JLYSH`\UKLY HTV[VYJ`JSL^OPSLOLVYZOLPZHSVUL^P[O HYPKLYI\[[OH[]PVSH[LZ[OLTVZ[IHZPJ WYPUJPWSLZVMVMÃ&#x201E;JLYZHML[`[OH[0OH]LL]LY ILLU[H\NO[VYL_WLYPLUJLK¹OLZH`Z

5L^3H^»Z0TWHJ[ @L[;V)L-LS[

(STVZ[L]LY`VULPU]VS]LKPU TV[VYJ`JSPUN·MYVTSH^THRLYZ[V TV[VYJ`JSPZ[Z»YPNO[ZVYNHUPaH[PVUSLHKLYZ [VI\ZPULZZWLVWSL·HNYLL[OH[[OLSH^ :JO^HYaLUNNLYZPNULKPZM\SSVMWP[MHSSZ 0[»Z¸HIHKWPLJLVMSLNPZSH[PVUHUKP[»Z NVPUN[VO\Y[ZTHSSI\ZPULZZ¹ZH`Z9VILY[ 3L;V\YULH\^OVQ\Z[^YHWWLK\WZLY]PUN `LHYZPU[OL5L^/HTWZOPYLSLNPZSH[\YL HZHYLWYLZLU[H[P]LHUK[OLUHZLUH[VY /LTVZ[YLJLU[S`ZLY]LKHZJOHPYTHUVM [OL:LUH[L;YHUZWVY[H[PVUHUK0U[LYZ[H[L *VVWLYH[PVU*VTTP[[LL ¸0[^PSSHMMLJ[[OLHM[LYTHYRL[JVTT\UP[` HUKP[^PSSJVZ[TV[VYJ`JSPZ[ZPU*HSPMVYUPHH SV[VMTVUL`¹OLZH`Z (M[LYTHYRL[L_OH\Z[THU\MHJ[\YLYZ

(TLYPJHU4V[VYJ`JSPZ[JVT

=HUJL /PULZ,7(JVTWSPHU[ ;^PU:SHZOZSPWVUZ

HYLZJYH[JOPUN[OLPYOLHKZ[Y`PUN[VÃ&#x201E;N\YL V\[[OLM\SSYHTPÃ&#x201E;JH[PVUZVM[OLUL^SH^ HUK^OL[OLYP[THRLZI\ZPULZZZLUZL[V PU]LZ[PU[OLLX\PWTLU[HUKHKTPUPZ[YH[P]L V]LYOLHKULJLZZHY`[VWYVK\JLH]HYPL[`VM X\PL[WPWLZ[OH[OH]L,7(Z[HTWZ 8\LZ[PVUZ[OL`HYLNYHWWSPUN^P[O PUJS\KL!^OL[OLYLUV\NOJ\Z[VTLYZ^PSS I\`X\PL[LYWPWLZ"^OPJOTV[VYJ`JSL TVKLSZ[VVMMLYX\PL[LYWPWLZMVY"^OL[OLY P[^PSSIL^VY[O^OPSL[VJVU[PU\L[VTHRL WPWLZMVYVSKLYTHJOPULZ"HUK^OL[OLY[OL J\Z[VTIPRLJYV^K^PSSI\`HU`WPWLZ^P[O Z[HTWZVU[OLT )<),U[LYWYPZLZHUK=HUJL /PULZ IV[OPU*HSPMVYUPHHSYLHK`VMMLYT\MÃ&#x2026;LYZMVY ZVTL/HYSL`+H]PKZVUZ[OH[HYLZ[HTWLK ^P[O,7(ZV\UKJVTWSPHUJLSHILSZ0U HKKP[PVU)<)OHZHZ`Z[LT[OH[TLL[Z *(9)HUK,7(ZV\UKHUKHPYX\HSP[` LTPZZPVUZZ[HUKHYKZ )\[JVU]PUJPUNYPKLYZ^OV^HU[SV\K WPWLZ[VI\`X\PL[LYWPWLZPZHOHYKZLSS ¸>LOH]LHU,7(SLNHST\MÃ&#x2026;LY[OH[

ZV\UKZNYLH[¹ZH`Z+LUPZ4HUUPUNV^ULY VM)<),U[LYWYPZLZHUKHTLTILYVM[OL 4V[VYJ`JSL/HSSVM-HTL¸0[ZV\UKZNVVK HUKP[THRLZTVYLWV^LY[OHUHZ[VJR WPWL ¸)\[ZLSSPUNZV\UKPZKPMÃ&#x201E;J\S[\USLZZ `V\»YL[OL)LH[SLZ¹4HUUPUNZH`Z¸>L OH]L[V[Y\Z[[OH[[OLWLVWSL^OVIV\NO[ V\Y:[LHS[OT\MÃ&#x2026;LYZJHUNL[V\[^OLYL V[OLYZJHUOLHY[OLTHUKSPRL[OLZV\UK¹ >OH[YPKLYZKVU»[YLJVNUPaL4HUUPUN ZH`ZPZ[OH[[OYV\NO[OL*SLHU(PY(J[ VM  [OLMLKLYHSNV]LYUTLU[OHZ WYVOPIP[LKTV[VYJ`JSPZ[ZMYVT¸[HTWLYPUN¹ ^P[OWHY[ZVM[OLPYTV[VYJ`JSLZYLZWVUZPISL MVYJVU[YVSSPUNHPYX\HSP[`LTPZZPVUZ ;OH[PUJS\KLZYLWSHJPUNL_OH\Z[Z`Z[LT JVTWVULU[Z >OL[OLY[OLSH^OHZILLULUMVYJLKVY UV[[HTWLYPUN^P[O[OLLTPZZPVUZJVU[YVSZ JVTWVULU[ZVM`V\YTV[VYJ`JSLOHZILLU PSSLNHSMVYTVYL[OHU`LHYZ;OH[»Z^O` `V\ZLLTVZ[HM[LYTHYRL[WPWLZZ[HTWLK ¸-VY*VTWL[P[PVU<ZL6US`¹·ILJH\ZLP[»Z

³-& PRYLHGLUHFWRU-DPHV&DPHURQ DQG, ZHDUHYHU\JRRGIULHQGV:H¶YHVWD\HGJRRGIULHQGV RYHUDOOWKHVH\HDUVDQGZHULGHPRWRUF\FOHV WRJHWKHUDOPRVWHYHU\6XQGD\PRUQLQJ WRJHWKHUDQGZHKDYHDEODVW´ ·:JO^HYaLULNNLY<70PU[LY]PL^1\S`

³:KLOHULGLQJDPRWRUF\FOH LVDJUHDWZD\WRVHH&DOLIRUQLD LWLVH[WUHPHO\LPSRUWDQWWKDWHYHU\ GULYHUWDNHQHFHVVDU\SUHFDXWLRQVWR PDLQWDLQPRWRUF\FOHVDIHW\´ ·:JO^HYaLULNNLYPUHWYVJSHTH[PVUUHTPUN4H` ¸4V[VYJ`JSPUN(^HYLULZZ4VU[O¹


³,KDYHEHHQULGLQJ,QGLDQPRWRUF\FOHVIRU\HDUV ERWKRQDQGRIIVFUHHQDQG,DPKDSS\WKDWWKHVH&KLHIV ZHUHDOVRVXFKDELJKLWDWWKHVHIXQGUDLVLQJDXFWLRQV´ ·:JO^HYaLULNNLYVU[^V0UKPHU*OPLMTV[VYJ`JSLZ[OH[HWWLHYLKPU[OLÃ&#x201E;ST¸;! 9PZLVM[OL4HJOPULZ¹;OLIPRLZ^LYLH\J[PVULK[VZ\WWVY[LYZVM[OLLMMVY[[VWHZZ *HSPMVYUPH»Z7YVWVZP[PVU KLZPNULK[VPUJYLHZLZ[H[LNYHU[ZMVYILMVYLHUKHM[LY ZJOVVSWYVNYHTZPULSLTLU[HY`HUKTPKKSLZJOVVSZ SLHKZ[VTVYLYLZ[YPJ[PVUZHUKV[OLYTVYL MVVSPZOSPTP[H[PVUZVUV\YYPNO[[VYPKL ¸)\[PZ[OPZSH^[OLILZ[HUZ^LY&¹OL HZRZ¸0UT`VWPUPVUUV[L]LUJSVZL¹

()L[[LY(S[LYUH[P]L PSSLNHS[V\ZL[OLTVU[OLZ[YLL[ZPUJL[OL` KVU»[TLL[,7(YLX\PYLTLU[Z ¸)V[OVM[OLZLSH^ZBZV\UKHUKHU[P [HTWLYPUNDOH]LILLUVU[OLIVVRZMVYH SVUN[PTL¹4HUUPUNZH`Z¸:)W\[ [OLT[VNL[OLY¹ -VY[OLSVUN[LYT4HUUPUNILSPL]LZ TV[VYJ`JSPZ[Z^PSSYLHJ[[V[OLUL^ *HSPMVYUPHSH^[OLZHTL^H`KYP]LYZKPK ^OLUTHUKH[VY`ZLH[ILS[SH^Z^LYL WHZZLK·L]LU[\HSS`[OL`»SSZLL[OLILULÃ&#x201E;[ VMYLWSHJPUN[OLPYZ[VJRL_OH\Z[^P[OHU HM[LYTHYRL[Z`Z[LT[OH[JVTWSPLZ^P[O[OL UL^SH^ ;OLX\LZ[PVUPZ^OL[OLYHM[LYTHYRL[ L_OH\Z[THRLYZJHUOVSKVU\U[PS[OLU ¸(ZHI\ZPULZZ^L»YLZVY[VM^HSRPUNVU IV[OZPKLZVM[OLZ[YLL[¹4HUUPUNZH`Z¸0M `V\^HU[[VZLSSQ\Z[[OL,7(SLNHSWPWLZ `V\NVV\[VMI\ZPULZZ ¸0ZWLU[HSV[VMTVUL`HUK[PTLHUKNV[ [OLJLY[PÃ&#x201E;JH[PVUMYVT*(9)HUK[OL,7(¹ 4HUUPUNHKKZ¸@V\OH]L[VOH]LNVVK X\HSP[`HUKZVTL[OPUN[OH[M\UJ[PVUZ^LSS 7LVWSL^OVKVU»[OH]L[OH[^PSSILV\[VM I\ZPULZZZVVU;OLNVHSPZ[VILVULVM[OL SHZ[N\`ZZ[HUKPUN¹ 1LYY`(IIV\KL_LJ\[P]LKPYLJ[VYVM [OL7V^LYZWVY[Z+LHSLYZ(ZZVJPH[PVUVM *VSVYHKVX\LZ[PVUZ^O`TV[VYJ`JSPZ[ZHYL ILPUNZPUNSLKV\[ ¸>OH[KVLZ[OL*HSPMVYUPH3LNPZSH[\YL OH]LPU[OL^H`VMMHJ[Z[VPUKPJH[L TV[VYJ`JSLZHYLHZWLJPHSUVPZLWYVISLT ^OLU[OL`JVTWYPZLWLYOHWZWLYJLU[ VMHSS]LOPJSLZ&¹(IIV\KZH`Z¸*HU`V\ PTHNPUL[OLW\ISPJV\[JY`PML]LY`T\MÃ&#x2026;LY HUKL_OH\Z[Z`Z[LTMVYHUH\[VOHK[V JHYY`HSHILSUV[PUNP[OHKILLU,7( JLY[PÃ&#x201E;LKMVYZV\UK& ¸;OLVIQLJ[P]L·RLLWPUNSV\KIPRLZ VMM[OLZ[YLL[·PZUV[PUHUKVMP[ZLSM \UYLHZVUHISLI\[[OH[PZVUS`[OL WYVMLZZLKYLHZVU¹(IIV\KJVU[PU\LZ ¸:\YLL_JLZZP]LUVPZLPZHWYVISLTMVY[OL NLULYHSW\ISPJHUKPTWVZPUN\UULJLZZHYPS` OPNOSL]LSZVMZV\UKH[ILZ[THRLZ\ZH WYVISLTPU[OLW\ISPJ»ZL`LHUKH[^VYZ[

;OL(4(OHZYLWLH[LKS`ZHPK[OH[ YLX\PYPUNHTV[VYJ`JSL[VKPZWSH`HYLHKPS` ]PZPISL,7(SHILSPZU»[[OLHWWYVWYPH[L^H` [VHKKYLZZJVUJLYUZHIV\[L_JLZZP]L TV[VYJ`JSLZV\UK ¸;OLVUS`VIQLJ[P]L^H`[VKL[LYTPUL ^OL[OLYHTV[VYJ`JSLJVTWSPLZ^P[OZV\UK SH^ZPZMVYWYVWLYS`[YHPULKWLYZVUULS[V JVUK\J[ZV\UKSL]LS[LZ[Z\ZPUNJHSPIYH[LK TL[LYZHUKHUHNYLLK\WVU[LZ[PUN WYVJLK\YL¹/HYPZZH`Z ;OL(4(OHZHSZVSVUNTHPU[HPULKH WVZP[PVUVMZ[YVUNVWWVZP[PVU[VL_JLZZP]L TV[VYJ`JSLZV\UK0U:LW[LTILY  [OL(4(KL]LSVWLKTVKLSSLNPZSH[PVUMVY \ZLI`JP[PLZHUKZ[H[LZZLLRPUNHZPTWSL JVUZPZ[LU[HUKLJVUVTPJHS^H`[VKLHS^P[O ZV\UKJVTWSHPU[ZYLSH[LK[VVUOPNO^H` TV[VYJ`JSLZ^P[OPU[OLSHYNLYJVU[L_[VM L_JLZZP]LZV\UKMYVTHSSZV\YJLZ ;OLTVKLSSLNPZSH[PVUVMMLYZHUVIQLJ[P]L TL[OVK[VL]HS\H[LTV[VYJ`JSLZV\UK IHZLKVU[OL:VJPL[`VM(\[VTV[P]L ,UNPULLYZ»:(,1Z[HUKHYK ¸4LHZ\YLTLU[VM,_OH\Z[:V\UK 7YLZZ\YL3L]LSZVM:[H[PVUHY`6U/PNO^H` 4V[VYJ`JSLZ¹^OPJOPZHZ[H[PVUHY` [LZ[KL]LSVWLKPUJVUQ\UJ[PVU^P[O[OL 4V[VYJ`SL0UK\Z[Y`*V\UJPS ¸;OLTV[VYJ`JSPUNJVTT\UP[`HUKSH^ LUMVYJLTLU[OHKSVUNZV\NO[HWYHJ[PJHS Ã&#x201E;LSK[LZ[MVYTLHZ\YPUNZ[YLL[TV[VYJ`JSL L_OH\Z[ZV\UK¹4VYLSHUKZH`Z ;OL[LZ[MVSSV^ZH[LTWSH[LLZ[HISPZOLK `LHYZHNV^P[O[OL:(,1VMMOPNO^H` TV[VYJ`JSLZV\UK[LZ[HZ[HUKHYK YLJVTTLUKLKI`[OL(4(^OLYL]LYVMM OPNO^H`TV[VYJ`JSLZHYLVWLYH[LK ;OLZ[YLL[IPRLTLHZ\YLTLU[YLX\PYLZ WSHJPUNHJHSPIYH[LKZV\UKTL[LYH[H KLNYLLHUNSLPUJOLZMYVT[OL L_OH\Z[WPWLVMHY\UUPUNLUNPUL^P[O

YLHKPUNZH[[^VWVZZPISLLUNPUL974Z ;OL(4(HUKV[OLYZILSPL]L[OL:(, 1[LZ[PZHIL[[LY^H`[VLUMVYJL TV[VYJ`JSLZV\UKSPTP[Z[OHUYLX\PYPUN,7( SHILSZVUL_OH\Z[Z`Z[LTZ ¸;OL1[LZ[HSSV^ZQ\YPZKPJ[PVUZ HYV\UK[OLUH[PVUZ[Y\NNSPUN^P[O JVTWSHPU[ZHIV\[L_JLZZP]LTV[VYJ`JSL ZV\UK[VZL[YLHZVUHISLSPTP[ZPU HJJVYKHUJL^P[O[OL:(,Z[HUKHYK¹ 4VYLSHUKZH`Z¸>OPSL[OL(4(Z\WWVY[Z [OLLZ[HISPZOTLU[VM[OL:(,1 Z[HUKHYKPU(TLYPJH»ZJP[PLZ[V^UZHUK JVTT\UP[PLZ^L^PSSJVU[PU\L[VÃ&#x201E;NO[ LMMVY[Z[OH[ZPUNSLV\[TV[VYJ`JSLZ^OPSL Z[PSSWLYTP[[PUNL_JLZZP]LZV\UKMYVTV[OLY ZV\YJLZZ\JOHZSV\KJHYZHUK[Y\JRZ IVVTPUNJHYZ[LYLVZWVVYS`THPU[HPULK NLULYH[VYZ^OPUPUNSLHMISV^LYZHUK[OL SPRL¹ (IIV\KPZVULVM[OVZL^OVZLLZ[OL :(,1[LZ[HZHT\JOTVYLYLHZVUHISL HWWYVHJO[OHUHSHILSPUNSH^ ¸;OL:(,Z[HUKHYKPZX\HU[PÃ&#x201E;HISL TLHZ\YHISLYLWLH[HISLHUKKLMLUZPISL¹ (IIV\KZH`Z¸0[TVZ[VMHSSW\[Z[OL I\YKLUVUSH^LUMVYJLTLU[HUKUV[[OL JP[PaLUL_HJ[S`^OLYLP[ILSVUNZ»

9PWWSL,MMLJ[

(SSVM[OPZ^V\SKU»[ILHZZLYPV\ZH[OYLH[ [VTV[VYJ`JSPUNPM[OLMHSSV\[^LYLJVUÃ&#x201E;ULK VUS`[V:JO^HYaLULNNLY»ZOVTLZ[H[LVM *HSPMVYUPH)\[[OPZSH^PZPUHWVZP[PVU[V KPJ[H[LWVSPJ`HJYVZZ[OLJV\U[Y`·HMHY TVYLKHUNLYV\ZWYVZWLJ[ ;OV\NOP[TH`ZLLTVKK[OH[VULZ[H[L»Z SH^ZJHUOH]L[OH[T\JOYPWWSLLMMLJ[ P[»ZILLUWYV]LU[PTLHUK[PTLHNHPU LZWLJPHSS`^P[O*HSPMVYUPH[OH[VULZ[H[L JHUPUÃ&#x2026;\LUJLV[OLYZ ¸6UVULSL]LS`V\JHULHZPS`ZLL ^O`V[OLYZ[H[LZSVVRPUN[VKLHS^P[OH [V\NOPZZ\L^V\SKQ\Z[YLHJOV\[HUK\ZL ^OH[[OL`[OPURPZ^VYRPUNPUHWSHJLSPRL *HSPMVYUPH¹/HYPZZH`Z¸)\[P[»ZVKK[VV ILJH\ZLSH^THRLYZHYLLZZLU[PHSS`NP]PUN \W[OLPYV^UH\[OVYP[`¹ )<),U[LYWYPZLZ,7(JVTWSPHUJLSHILS



1HU\HY`


$0$02725&<&/,67 2)7+(<($5 ³2QDPRWRUF\FOHRUDQ\ZKHUH,KRSHWRUXQLQWR \RXVRPHWLPHVRRQ´

·:JO^HYaLULNNLYQVRPUNPUHSL[[LY[VJVTLKPHU+H_:OLWHYKPUZOVY[S`HM[LY:OLWHYK [VVRWHY[PUHYVHZ[VM[OLNV]LYUVY

;OH[»ZWHY[PJ\SHYS`[OLJHZL^P[OHPY X\HSP[`Z[HUKHYKZOLUV[LZ*HSPMVYUPH^HZ NP]LU[OLH\[OVYP[`[VYLN\SH[LP[ZV^UHPY X\HSP[`PU[OL ZHUKP[OHZILLUHJSLHY SLHKLYMVY[OLYLZ[VM[OLJV\U[Y`ZPUJL 4HU`V[OLYZ[H[LZPUJS\KPUN>HZOPUN[VU HUK6YLNVUHYLUV[VUS`HKVW[PUN[OL NLULYHSHWWYVHJOVM*HSPMVYUPHSH^THRLYZ [OL`»YLHSZVZWLJPM`PUN[OLL_HJ[ZHTL Z[HUKHYKZ\ZLKI`[OL*(9) ¸;OL`»YLIHZPJHSS`Z[PW\SH[PUNPU[OLPYSH^Z [OL*HSPMVYUPHZ[HUKHYKZ·^OH[L]LY[OL` TH`ILJVTLPU[OLM\[\YL¹/HYPZZH`Z ¸;OH[OHZ[OLLMMLJ[VMNP]PUN*(9)[OL HIPSP[`[VYLN\SH[LV[OLYZ[H[LZ¹ ;OLMLKLYHSNV]LYUTLU[[VVOHZMHSSLU PUSPUL^P[O*(9)/HYPZZH`Z ¸0M`V\^HU[[VRUV^^OH[[OL,7(^PSS ILKVPUNPU[OLJVTPUN`LHYZSVVR^OLYL *(9)PZUV^¹OLZH`Z¸;OL,7(OHZ HKVW[LKULHYS`HSS*(9)Z[HUKHYKZMYVT KY`JSLHUPUNJOLTPJHSZ[VIHYILJ\LZ[V ]LOPJSLL_OH\Z[¹ 0UMHJ[PU[OLLHYS`Z[OLMLKLYHS ,7(HKVW[LKUL^LTPZZPVUZZ[HUKHYKZ NV]LYUPUNZ[YLL[IPRLZUH[PVU^PKL[OH[ TPYYVYLK*HSPMVYUPH»ZZ[HUKHYKZ ;OLMLKLYHSY\SLZ[VVRLMMLJ[PU[^V Z[HNLZ^P[OVULZL[VMZ[HUKHYKZHMMLJ[PUN IPRLZTHKLILNPUUPUN^P[O[OLTVKLS `LHYHUK[OLV[OLYZL[^P[O[OLTVKLS `LHY;OL`[VVRLMMLJ[[^V`LHYZHM[LY[OL *HSPMVYUPHZ[HUKHYKZKPK ;OH[TLHU[[OH[/VUKH»Z.VSK>PUN :;HUK=-9-0TVKLSZ[OH[TL[[OL *HSPMVYUPHZ[HUKHYKMVYL_HTWSLHSZV TL[[OLUH[PVUHSZ[HUKHYK :VP[PZLU[PYLS`WVZZPISL[OH[V[OLYZ[H[LZ ^PSSHKVW[*HSPMVYUPH»ZL_OH\Z[SHILSPUNSH^ HZH^H`[VJVU[YVSTV[VYJ`JSLZV\UK ¸;OLSVUN[LYTPTWHJ[PZ[OH[^L^PSSZLL

V[OLYZ[H[LZKVPUNP[¹ZH`Z3L;V\YULH\ ¸0»TZ\YL[OH[[OLYL»ZNVPUN[VILHÃ&#x2026;VVKVM IPSSZPU[OLUL^SLNPZSH[P]LZLZZPVUZ;OL`»SS NVHUKSVVRH[[OH[HUKZH`º>LSS[OL`KPK P[PU*HSPMVYUPH»¹ 1H`1HJRZVUL_LJ\[P]LKPYLJ[VYVM[OL TV[VYJ`JSPZ[YPNO[ZNYV\W()(;,VM0UKPHUH HNYLLZ ¸(U`[PTLHU`VULOHZIYVRLUNYV\UK HUKTHKLTVKLSSLNPZSH[PVUP[NP]LZ SH^THRLYZPUV[OLYZ[H[LZHZ[LWWPUNVMM WVPU[¹1HJRZVUZH`Z¸0[TH`ZLY]LHZH TVKLS ¸0[HWWLHYZ[OH[*HSPMVYUPHOHZZVY[VM ILJVTL[OLSLHKLYPULTPZZPVUZ¹OLZH`Z ¸>OLU^L[HSRHIV\[IPRLZILPUNPTWVY[LK ^LZH`[OL`TLL[*HSPMVYUPHLTPZZPVUZ Z[HUKHYKZ>LKVU»[ZH`[OL`TLL[0UKPHUH LTPZZPVUZZ[HUKHYKZ¹ >OPSLHOHUKM\SVMSVJHSQ\YPZKPJ[PVUZ OH]LHKVW[LK,7(SHILSPUNSH^Z[V[Y`[V JVU[YVSL_JLZZP]LZV\UKMYVTTV[VYJ`JSLZ PUYLJLU[`LHYZJYP[PJZMLHY[OL*HSPMVYUPH HJ[PVUTH`SLHK[VMLKLYHSHJ[PVU[OH[JV\SK MVYJLTVYLZ[H[LZ[VMVSSV^Z\P[ :VTV[VYJ`JSPZ[ZUH[PVU^PKLULLK[V Z[HY[IYHJPUNUV^MVYLMMVY[ZPU[OLPYZ[H[LZ HUK[V^UZ[VTHRL,7(SHILSLKL_OH\Z[ Z`Z[LTZTHUKH[VY`HZH^H`[VJVU[YVS L_JLZZP]LTV[VYJ`JSLZV\UK (UKPM(IIV\K»ZWYLKPJ[PVUJVTLZ[Y\L MLKLYHSSH^THRLYZTH`[Y`[VWYLZZ\YL[OL Z[H[LZZV[OH[P[ILJVTLZ[OLSH^VM[OL SHUK ¸>LULLK[VILLM\WV\YWVSP[PJHSJSV\[

UV^ZV[OH[^LJHUIH[[SL[OLZLLMMVY[Z OLHKVUPUZ[H[LOV\ZLZHUKJP[`OHSSZ HYV\UK[OLJV\U[Y`¹[OL(4(»Z+PUNTHU ZH`Z¸>LJHU»[^HP[(ZZVVUHZ[OLZL WYVWVZHSZZ\YMHJL^LULLK[VÃ&#x201E;NO[IHJR ¸:[YLL[YPKLYZUV^OH]LH[HYNL[VU[OLPY IHJRZI\[^LOH]LHUHUZ^LY[OH[KVLZU»[ ZPUNSLV\[TV[VYJ`JSPZ[Z¹OLZH`Z¸>L OH]LTVKLSSLNPZSH[PVUYLS`PUNVUHÃ&#x201E;LSK[LZ[ [OH[HU`Q\YPZKPJ[PVUJHUHKVW[HZWHY[VMH JVTWYLOLUZP]LLMMVY[[VJVU[YVSZV\UKMYVT HSSZV\YJLZ¹ ;OL(4(»Z4VYLSHUKPZL_OVY[PUNV[OLYZ [VQVPU[OLÃ&#x201E;NO[ ¸4VYL(4(TLTILYZTLHUZ TV[VYJ`JSPZ[ZJHYY`TVYLJSV\[^OLU^L [HSR^P[OSLNPZSH[VYZ¹4VYLSHUKZH`Z¸;OH[ ILJVTLZHSS[OLTVYLPTWVY[HU[^OLU^L TV]L[V[OLUL_[Z[LWVMWYVTV[PUNTVYL [OV\NO[M\SSLNPZSH[PVU^OLU[OLPZZ\LHYPZLZ PUV[OLYZ[H[LZ ¸>LT\Z[WYLWHYLUV^ZV^L»YLYLHK` ^OLU[OLZLWYVWVZHSZLTLYNL¹OLZH`Z >P[OZVT\JOH[Z[HRLP[»ZJSLHY[OH[ TV[VYJ`JSPZ[ZOH]LU»[OLHYK[OLLUKVM *HSPMVYUPH»ZL_OH\Z[JLY[PÃ&#x201E;JH[PVUPZZ\L 0UMHJ[[OHURZ[V[OL(4(4V[VYJ`JSPZ[ VM[OL@LHYMVY·.V](YUVSK :JO^HYaLULNNLY·^L»SSSPRLS`ILKLHSPUN ^P[OP[MVY`LHYZ[VJVTL ;VZ[H`VU[VWVM[OPZPZZ\LNV[V (TLYPJHU4V[VYJ`JSPZ[JVT(UK\YNLHU` TV[VYJ`JSPZ[`V\RUV^^OVPZU»[HTLTILY VM[OL(4([VQVPUH[[OLZHTL^LIZP[L

³)LQDOO\,FDQVLJQ VRPHWKLQJP\RSSRQHQWV ZRQ¶WFULWLFL]H´ ·:JO^HYaLULNNLYVU/HSSVM-HTLY1H`3LUV»Z¸;VUPNO[:OV^¹HM[LYZPNUPUN HTV[VYJ`JSL[VILH\J[PVULK[VILULÃ&#x201E;[]PJ[PTZVM/\YYPJHUL2H[YPUH

38(TLYPJHU4V[VYJ`JSPZ[JVT


1HU\HY`



7OV[VI`,]H2VSLURV*V\Y[LZ`ALYV4V[VYJ`JSLZ


40(TLYPJHU4V[VYJ`JSPZ[JVT


;OL3VUN>H` /VTL¯ 5VY[O(TLYPJHU[LYYHPU YL]LHSZYPJOJOHYHJ[LY LUKSLZZWV[LU[PHS )`1LMM)VN\ZRP 0OHKILLU^HP[PUNMVY[OPZTVTLU[! IYVRLUKV^UVU[OLZPKLVM[OLYVHK ^P[OV\[[OLWHY[Z0ULLKLK[VÃ&#x201E;_T` WYVISLT(SS[OL^VYY`PUNPUHK]HUJL ZLLTLKZV\UULJLZZHY`UV^ 0Z[VVK\WIYLH[OLKKLLWS`HUK Z[YL[JOLKT`HYTZ[V[OLZR`;OL [PYL0OHKILLU[Y`PUN[VW\TWHPY PU[V^HZZ[PSSÃ&#x2026;H[HUK0OHK\ZLK\W T`SHZ[WH[JOLZ/V^JV\SKHUHPS [OH[ZTHSSOH]LYPWWLKÃ&#x201E;]LOVSLZ [OYV\NO[OL[\IL&0[VVRHML^TVYL WPJ[\YLZVM[OLZJLULHYV\UKTL· IS\LZR`KH`ZVM[S`Y\Z[SPUNNYHZZLZ YHUJOSHUKHSVUN[OLMVV[OPSSZVMOPNO LSL]H[PVUI\[[LZZLYLULJV\U[Y` ;OL^HYT^PUKVM[OLHM[LYUVVUZ\U JHYYPLKMYLZOZWYPUNZTLSSZ[OYV\NO [OLIYLLaLHUK0OHK[VZTPSL;OLYL ^HZUVWSHJL0^V\SKYH[OLYIL



1HU\HY`


0SP]LPU;VYVU[V6U[HYPV*HUHKH0[»ZHU HIZVS\[LS`Z[\UUPUNWHY[VM[OL^VYSK>P[OPU HUOV\Y»ZYPKPUNMYVT[OLOLHY[VM[OLJP[`HYL NVYNLV\ZMHYTSHUKZSHRLZYP]LYZHUKYVSSPUN SHUKZJHWLZKV[[LK^P[OZL[[SLTLU[[V^UZ ;OLZ\TTLYZHYLZOVY[[OV\NOHUKMVY THU`YPKLYZ[OLZLHZVUVUS`Y\UZMYVT1\UL [OYV\NO6J[VILY(`LHYHNV0ZOPWWLKT` )4>-.:KV^U[V3HZ=LNHZMVY[OL ^PU[LYTVU[OZ[V\ZLP[MVYZVTLLHYS`ZWYPUN YPKPUN^OLU[OLSHUK^HZMYVaLUIHJROVTL ;OLWSHU^VYRLKV\[HUK0SH\UJOLKMYVT =LNHZPU1HU\HY`VUHUHTHaPUN[YPWKV^U [V)HQHZ[PJRPUN[VKPY[[YHJRZHSVUN[OL :LHVM*VY[La0U4H`0THUHNLK[VMYLL\W T`ZJOLK\SLHNHPU[VYPKL[OLIPRLOVTL ;OL^LH[OLY^HZZ[PSSJVVSPU;VYVU[VI\[0 ÄN\YLK[OPUNZ^V\SK^HYT\WI`[OL[PTL 0THKLP[OVTLPUT`[OYLL^LLR^PUKV^ ;OLUL_[KH`0^HZVUHTVYUPUNÅPNO[[V [OLKLZLY[)`[OLHM[LYUVVU0^HZWHJRLK \WHUKYLHK`[VYPKLOVTL  4`WSHUZ^LYLSVVZL0ULLKLK[VNL[ MYVT=LNHZ[V;VYVU[VHUK^HU[LK[OLTVZ[ ZJLUPJYV\[LWVZZPISL;OLPKLHVMJYVZZPUN [OYV\NO;L_HZHUK[OLWHUOHUKSL^P[OH Z[VWPU[OL-SVYPKH2L`ZILMVYLOLHKPUN UVY[OJYVZZLKT`TPUKI\[0KPKUV[OH]L [OL[PTLMVY[OH[KL[V\YUV^0OHKMHTPS`0 OHKUV[ZLLUPUH^OPSL\WPU:HZRH[JOL^HU ;OLPKLHVMYPKPUN[OLWYHPYPLZ^OLYL0OHK NYV^U\WOHKHUVZ[HSNPJMLLS[VP[[OH[0 JV\SKUV[ZOHRLVUJLP[^HZVUT`TPUK 0Z[HYLKH[[OLTHWMVYHIP[HUK[OL YV\[LQ\Z[Z[HY[LK[VTHRLZLUZL0^V\SK OLHKUVY[OMYVT=LNHZ[OYV\NO[OLTHU` UH[PVUHSWHYRZHSVUN[OL^H`(M[LY[OH[ 0^V\SK^LH]LUVY[OLHZ[PU[V*HUHKHMVY HMHTPS`]PZP[-YVT[OLYLP[^V\SKILVSK MHTPSPHYOPNO^H`ZV]LY[V6U[HYPV(ÄUHSY\U V]LY[OL.YLH[3HRLZ^V\SK[HRLTLOVTL HSVUNZVTLVM[OLTVZ[ZJLUPJYV\[LZPU[OL *HUHKPHU:OPLSK;OLILZ[WHY[^HZ[OL

42(TLYPJHU4V[VYJ`JSPZ[JVT

9=Z^V\SKZ[PSSILPUOPILYUH[PVUHUK[OL YVHK^V\SKILHSSTPUL  0^HZ\WLHYS`[VZ[HY[T`YPKLHUKL_JP[LK [VOP[[OLYVHK0OHKUV[ILLUYPKPUNMVY HML^TVU[OZZV[OL[OV\NO[VMZL]LYHS ^LLRZVMYPKPUN^HZW\YLQV`;OLIPRLOHK Z\Y]P]LK[OL)HQHHK]LU[\YLPUÄULZOHWL HUK0OHKQ\Z[JOHUNLKVPSIYHRLÅ\PKHUK OHKHUPU[LY]HSZLY]PJLWLYMVYTLK>P[OH JSLHUIPSSVMOLHS[O0^HZOLHKPUN5VY[OVU 0 APVU5H[PVUHS7HYR^HZ[OLÄYZ[Z[VW0 OH]LILLU[V4VHIPU<[HOZVOHKZLLU ZSPJRYVJRILMVYLAPVUOV^L]LY^HZHVUL VMHRPUKL_WLYPLUJL;OLWHYR»Z^PUKPUN YVHKZ[OYV\NOHUJPLU[ZTVV[OZ[VULWLHRZ ^LYLHTHaPUN;OLKH`^HZNVYNLV\Z· JSLHYIS\LZRPLZHUKJVVSJYPZWHPY 7OV[VNYHWO`OHZILLUT`OVII` MVYZVTL[PTLHUK0ILJHTLVIZLZZLK ^P[OJHW[\YPUN[OLX\PYR`UH[\YLVM[OL SHUKZJHWLZHYV\UKTL /VTL^HZZ[PSSHKPZ[HU[ZWV[VU[OL .7:I\[0^HZ[Y`PUNUV[[V^VYY`[VVT\JO HIV\[RLLWPUNHWHJL-YVTAPVU0[\YULK ZV\[O[V^HYK[OL5VY[O9PTVM[OL.YHUK *HU`VU3H[LHM[LYUVVUZ\UHUKJVVSPUN [LTWLYH[\YLZMV\UKTLH[1HJVI»Z3HRL0 Z[VWWLKPUMVYZVTLJVMMLL[V^HYT\WHUK HZRHIV\[JHTWPUN6MÄJPHSJHTWNYV\UKZ ^LYLJSVZLKI\[0OHKTHKLHIPNKL[V\Y[V ZLL[OLJHU`VU\WJSVZL(M[LYZWLHRPUN[V ZVTLSVJHSZ0ZVVUOHKHTHW^P[OHSVJHS YV\[L[V[OLJHU`VUHUKQ\Z[HML^OV\YZ SH[LY0^HZWP[JOPUNJHTWH[*YHa`1\NZMVY [OLUPNO[HUK0OHK[OLLU[PYLJHU`VU[V T`ZLSM ;OLUL_[TVYUPUN0OLHKLKUVY[OHSVUN HUHTHaPUNZ[YL[JOVMIHJRJV\U[Y`SVNNPUN YVHKZ;Y\Z[PUNT`.7:0MV\UKT`^H` IHJR[V2HUHI<[HOMVY[OLUPNO[>P[OH UPNO[»ZYLZ[0ZL[V\[[OLUL_[TVYUPUNMVY :HS[3HRL*P[`]PH)Y`JL*HU`VU>LSS[OH[


SHZ[LKHIV\[HUOV\Y^OLU0YHUV]LYHUHPS HUKWHYHS`aLKT`IPRLVU[OLZPKLVM[OL YVHK;OLYLHSPaH[PVU[OH[0TPNO[ULLKOLSW ^HZSPILYH[PUN0OHKTHU`NVVKWLVWSLZ[VW [VVMMLYHK]PJLHUKHZZPZ[HUJL3P]PUNPU[OL TVTLU[^HZ[OLHK]LU[\YL;\YUZV\[0^HZ HISL[VSPTWIHJRPU[V[V^U[VTHRLYLWHPYZ HUK[OV\NO0LUKLK\W^OLYL0OHKZ[HY[LK0 OHKHIYPSSPHU[KH` >LH[OLYYVSSLKPU[OLUL_[KH`HUKH[ LSL]H[PVU0^HZJVSK:SLL[YHPUHUKZUV^ ZX\HSSZ^LYL[OL^LH[OLYVM[OLKH`HZ0YVKL MYVT2HUHIUVY[O[V9PJOÃ&#x201E;LSKVU/PNO^H`  0OHKJHSSLKHOLHK[VHSVJHSZOVW[V OH]L[OLTZL[HZPKLH[\IL[VYLWSHJLT` WH[JOLK\WVUL)Y`JL*HU`VU^HZVU[OL ^H`HUKVUT`SPZ[ZV^P[OÃ&#x201E;UNLYZJYVZZLK 0IYH]LK[OLLSLTLU[ZHUKKL[V\YLK\W[OL ZWLJ[HJ\SHYYVHKZ[V[OL MVV[]PL^Z MYVT9HPUIV^7VPU[;OLYPKL^HZPUJYLKPISL HUKKVKNPUN[OLZWYPUNZ[VYTZ^HZHU HK]LU[\YLPUP[ZLSM;OLYVHKZ^LYLULHYS` LTW[`[OH[KH`HUKHNHPU0MLS[[OL^VYSK^HZ HSSTPUL 9PJOÃ&#x201E;LSK^HZHJOHUJL[VYLNYV\WVU[OL

IPRLJOHUNL[OLYLHY[\ILHUKZL[[SLPUMVY [OLYPKL\W[V:HS[3HRL*P[`<WVUJSVZLY PUZWLJ[PVU0UV[PJLKT`]HS]LJV]LYNHZRL[ OHKZ[HY[LK[VSLHRVPSHUK^HZVU[OLYHKHY UV^[VV:HS[3HRL*P[`)4>^V\SKILT` UL_[Z[VW^OLYL0JV\SKWYVWLYS`ZLY]PJL[OL IPRL;YHMÃ&#x201E;JPU[V[OLJP[`^HZÃ&#x201E;LYJLHUK0^HZ HYYP]PUNK\YPUNY\ZOOV\Y(M[LY[OLSVULS` YVHKZ0OHKILLUY\UUPUNHSST`ZLUZLZ ^LYLVUOPNOHSLY[(Z0W\SSLKVMM[OLL_P[MVY [OLKLHSLYZOPW0MLS[T`YLHY[PYLKYHNNPUN· HUV[OLYÃ&#x2026;H[0W\TWLK\W[OL[PYL[VHIV\[ 7:0HUKKHZOLK[V[OLKLHSLYZOPW 7\SSPUNPU[V[OLKLHSLYZOPWSV[MLS[SPRLOVTL 4`IPRL^HZ[HRLUZ[YHPNO[PU[V[OLZOVWHUK 0^HZNP]LUHSVHULY[VYPKLHYV\UK[V^U\U[PS YLWHPYZOHKILLUTHKL0[[\YUZV\[[OL[\IL 0OHKYLWSHJLKMHPSLK^OLU[OLVSKYPTZ[YPW [VYLHWHY[HUKIV\UK\WPU[OLUL^[\IL 3H[L[OLUL_[KH`0^HZVUHUL^YLHY [PYLHUKOHKHYLWHPYLKHUKM\SS`PUZWLJ[LK THJOPUL\UKLYTL-LLSPUNJVUÃ&#x201E;KLU[HNHPU0 JVU[PU\LKUVY[OVU[OYV\NOIHJRJV\U[Y` YVHKZL]LU[\HSS`TLL[PUNIHJR\W^P[O /PNO^H` 4`KLZ[PUH[PVU^HZ1HJRZVU /VSL+VKNPUNYHPUHUKZUV^ZX\HSSZ[\YULK

PU[VHNHTLH[[OLZLLSL]H[PVUZHUKTHKL[OL [YPWL]LUTVYLM\U @LSSV^Z[VUL^HZT`UL_[Z[VW0ZWLU[[OL KH`Y\UUPUN\W[V6SK-HP[OM\S;OLZLHZVU ^HZZVLHYS`JHTWNYV\UKZ^LYLJSVZLKHUK JVUZ[Y\J[PVUOHKTHU`YVHKZJ\[VMMMYVT [YH]LS0KLJPKLK[VTV]LVUHUKSLM[[OLWHYR MVSSV^PUN/PNO^H`,HZ[[V*VK`>`V 0Z[HY[LK[VMLLS[OLWYLZZ\YLVMT` ZJOLK\SL;OLYL^HZHSVUN^H`[VNV0 THKL[OLSVUNY\U[V[OL)SHJR/PSSZUL_[ HUKZWLU[[OLHM[LYUVVUH[*YHa`/VYZL4` MYVU[[PYLOHKUV^WYL[[`T\JOZOYLKKLK H^H`HUK0MV\UKH)4>KLHSLYPU:[\YNPZ [VYLWSHJLP[^P[OHUL^4L[aSLY>P[OUL^ Y\IILY0^HZVUT`^H`HNHPU;OPZHYLH ^HZHUHTHaPUNWSHJL^P[OZVTLVM[OL ILZ[YPKPUN`L[6UJLHNHPU[OLYVHKZ^LYL X\PL[HUKHULHYS`TVYUPUNY\U[OYV\NO[OL 5LLKSLZ^HZHIZVS\[LS`LWPJ /LHKPUNUVY[OHNHPU0JYVZZLKPU[V *HUHKHHUK[OYV\NOT`OVTL[V^UVM9VISPU 4HUP[VIH;OLUVZ[HSNPHVM[OLWYHPYPLZTHKL [OLYPKL]LY`ZWLJPHSMVYTL-SH[SHUKYPKPUNPZ UV[HTV[VYJ`JSLMH]VYP[LI\[[OL]PL^Z^LYL LUKSLZZHUKM\SSVMNVVKTLTVYPLZ;\YUPUN

43

1HU\HY`


.,(9,+<7 @V\KVU»[NVHK]LU[\YLYPKPUN ^P[OV\[[OLNLHY/LYL»ZOV^ 1LMMKVLZP[

LHZ[0^HZLUYV\[LMVY[OL.YLH[3HRLZHUK HUV[OLYKVZLVMJVSK^LH[OLY;OLZLHZVU ^HZKLÃ&#x201E;UP[LS`LHYS`MVY[V\YPZ[ZVU/PNO^H` V]LY[OL[VWVM[OLSHRLZ;OLQV\YUL` [OYV\NO[OL*HUHKPHU:OPLSK^HZZLYLUL^P[O [OLJVUZ[HU[O\TVM[OLIPRLRLLWPUNTL NVVKJVTWHU` 0^HZUV^\WVUT`KLHKSPULOLHKPUN ZV\[OMYVT:\KI\Y`;OLOVSPKH`[YHMÃ&#x201E;JHOLHK VMTLHZ0YHU[V;VYVU[V^HZHYLTPUKLY[OH[ T`LWPJYPKL^HZHIV\[[VLUK;OL^LH[OLY OHK[\YULKOV[HUK0^HZZOLKKPUNT` SH`LYZ[VJVVSKV^U·^OH[HJOHUNLMYVT [OLWYL]PV\Z[^V^LLRZ6KKS`[OL[YHMÃ&#x201E;J ZUHYSHOLHKVMTL^HZ[OLWLYMLJ[^LSJVTL OVTLHUKTHKLTLSH\NOHZ0JYH^SLKIHJR [V[OLJP[`^P[O[OL^LLRLUKJYV^K

(M[LY[OLYPKL0^HZLSH[LKHUKL_OH\Z[LK ;OLY\UOHKILLUL]LY`IP[VMZJLUPJ]PL^Z HUKHK]LU[\YL[OH[0OHKOVWLKMVY5VY[O (TLYPJHOHZZ\JOHUHYYH`VMSHUKZJHWLZ HUKWLVWSL`V\JV\SKL_WSVYL`V\YV^U IHJR`HYKMVYL]LY;OL[YPWOHKILLUIYPSSPHU[ HUK0^HZ[PYLKMYVT[OLQV\YUL`I\[HSYLHK` OH[JOPUNHWSHUMVY[OLUL_[HK]LU[\YL·ZV T\JO[VZLLZVT\JO[VYPKL 1LMMJHUILYLHJOLKI`LTHPSMVY X\LZ[PVUZHIV\[[OL[YPW[OLNLHY [OLIPRLHUKQ\Z[HIV\[HU`[OPUNH[ Ã&#x2026;H[LHY[OWO`ZPJZ'THJJVT

(TLYPJHU4V[VYJ`JSPZ[JVT

 )4>-.:

*VU[PULU[HS;2*Z

1LZZL:HMHYP007HUUPLYZ

)4>/HUKN\HYKZ

)4>:RPK7SH[L7V^KLYJVH[LK )SHJR

>PSK'OLHY[*YHZO)HYZ

.0;;HPS7SH[L

)LZ[9LZ[/LHKSHTW7YV[LJ[PVU

;V\YH[LJO>PUKZJYLLU

;V\YH[LJO2PJRZ[HUK7SH[L

;V\YH[LJO0UZ[Y\TLU[7HULS7SH[L +\HS7S\N

*LU[LJO(7^H`M\ZLISVJRHUK Z^P[JOLKYLSH`

.HYTPU.7:THWHUK.?4 VUHZ^P]LS9(4TV\U[

>VSMTHU,_WLKP[PVU;HUR)HN ^PYLK\W^P[O7V^LYSL[PUW\[

>VSMTHU,_WLKP[PVU+Y`+\MMLS)HN

9L]»P[*H`LUUL7YV1HJRL[7HU[Z

9L]»P[;LTWLZ[HUKALUP[ONSV]LZ

.LYIPUNZ1HJRL[

:OVLP/VYUL[

:PKP6U9VHK)VV[Z

)HJR7HJRHUK3*HTLSIHJR

7LSPJHU*HTLYH*HZL

5PRVU+

5PRVUTTaVVTSLUZ

5PRVUTTWYPTLSLUZ

5PRVUTTWYPTLSLUZ

)LUYV;YPWVK

:76;;YHJRLY


(ML^VM[OLO\UKYLKZVM(4(ZHUJ[PVULKL]LU[Z[OPZTVU[OKL[HPSLKVU[OLMVSSV^PUNWHNLZ

.690+,

 

 



 



 









 



 



+VU»[TPZZ[OL VWWVY[\UP[`[V ZLL[OLNYLH[LZ[ :\WLYJYVZZYHJLYZ VU[OLWSHUL[ JVTWL[LPU[OL 4VUZ[LY,ULYN`(4( :\WLYJYVZZHU-04 >VYSK*OHTWPVUZOPW ;OLZLYPLZRPJRZ VMMVU1HUH[ (UNLS:[HKP\TPU (UHOLPT*HSPM-YVT[OLYL[OLZ[HYZVM[OL :\WLYJYVZZJPYJ\P[TV]L[V7OVLUP_(YPa VU1HU"3VZ(UNLSLZVU1HU"[OLU [V6HRSHUK*HSPMVU1HU :LL[OLM\SS ZJOLK\SLVUWHNL



;OL4PK>LZ[4V[VYJ`JSL*S\IPU 0UKPHUHWVSPZPZOVZ[PUNP[Z[O(UU\HS /HUNV]LY9HSS`VU1HU;OPZJOHYP[` YVHKY\UILULÃ&#x201E;[Z+HTHY:LY]PJLZ^OPJO WYV]PKLZYLZPKLU[PHSZLY]PJLZ[VJOPSKYLU ^P[OKL]LSVWTLU[HSKPZHIPSP[PLZ9LNPZ[YH[PVU ILNPUZH[HTH[[OL4PK>LZ[ 4V[VYJ`JSL*S\IH[:/HYKPUN:[0UMV! 4PK>LZ[4*JVT



;OLYL»ZZVTLL_JP[PUNHJ[PVUNVPUN VU[OPZTVU[OPU[OL(4(9HJPUN2LUKH

5H[PVUHS/HYL /V\UK*OHTWPVUZOPW :LYPLZ;OL+LZLY[4V[VYJ`JSL*S\IPZ OVZ[PUNHUL]LU[1HUPU3\JLYUL*HSPM *OLJRV\[[OLM\SSZJOLK\SLVUWHNL



(NYLH[^H` [VMLLK`V\Y TV[VYJ`JSPUN HKKPJ[PVUK\YPUN [OPZ^PU[LY ZLHZVUPZ[V JOLJRV\[[OL 7YVNYLZZP]L 0U[LYUH[PVUHS 4V[VYJ`JSL :OV^ZHYV\UK [OLUH[PVU@V\ JHUJH[JO[OLT PU5V]P4PJOVU1HU ">HZOPUN[VU +*1HU"5L^@VYR1HU" *SL]LSHUK1HU"4PUULHWVSPZ-LI" *OPJHNV-LI".YLLU]PSSL:*-LI "HUK+H`[VUH-SH4HYJO 0UMV! 4V[VYJ`JSL:OV^ZJVT



;OLNSHKPH[VYZPU[OL(4((YLUHJYVZZ :LYPLZKVIH[[SLPU;\SZH6RSH1HU " 2HUZHZ*P[`4V1HU"+H`[VU6OPV 1HU"HUK+LU]LY1HU:LL[OL M\SSZJOLK\SLVUWHNL



;OL7LYY` 4V\U[HPU4V[VYJ`JSL *S\IPZOVZ[PUNH [^VKH`HTH[L\YHUK `V\[OOHYLZJYHTISLZ L]LU[1HUPU 4HWSLZ]PSSL(SH 0UMV!7LYY`4V\U[HPU JVT



(ULUKVM[OLTVU[OHTH[L\YHUK`V\[O LUK\YVPZZL[MVY1HUPU>LKNLÃ&#x201E;LSK:* OVZ[LKI`[OL:\T[LY,UK\YV9PKLYZ4* (ZZVJPH[PVU0UMV!:,94(*S\IJVT

*6405.<7 >PSS*OHYSPL4\SSPUZOVSKVU[VOPZ JOHTWPVUZOPW[P[SLPU[OL(4(9HJPUN 9LRS\ZL5H[PVUHS,UK\YV*OHTWPVUZOPW :LYPLZWYLZLU[LKI`4VVZL9HJPUN&.L[ HÃ&#x201E;YZ[NSPTWZLH[[OLUL^JOHTWPVUPU[OL ZLYPLZVWLULY-LIPU:HSSL`:*:LL[OL M\SSZJOLK\SLVUWHNL 0[»ZUL]LY[VVLHYS`[VZ[HY[WSHUUPUN`V\Y [YPW[V(4(=PU[HNL4V[VYJ`JSL+H`Z;OL KH[LZHYLZL[MVY1\S`H[4PK 6OPV:WVY[Z*HY*V\YZLPU3L_PUN[VU6OPV



1HU\HY`


;/,.<0+,;6,=,5;: ;OLMVSSV^PUNWHNLZSPZ[(4( ZHUJ[PVULKL]LU[ZMVY[OPZTVU[O\W[V KH[LH[WYLZZ[PTL*\YYLU[SPZ[PUNZHYLPU [OL9PKPUNHUK9HJPUNZLJ[PVUZVM^^^ (TLYPJHU4V[VYJ`JSPZ[JVT ;OLIPNNLZ[L]LU[Z·WYVYHJLZ UH[PVUHSJOHTWPVUZOPWHTH[L\Y JVTWL[P[PVUHUKTHQVYYPKLZHUK YHSSPLZ·HYLOPNOSPNO[LK-VY[OLZLZLYPLZ

;`WLVM,]LU[

+H[L 46;6*96::

^LSPZ[HSSVM[OLYLTHPUPUNL]LU[ZMVY[OL LU[PYL`LHY ;OLU[OLYLHYL[OLSVJHSL]LU[Z[OL IHJRIVULVM[OL(4(»ZYPKPUNHUKYHJPUN JHSLUKHY;OLZLL]LU[ZHYLSPZ[LKI`Z[H[L HUKHYLIYVRLUKV^UI`[`WLZV`V\JHU X\PJRS`Ã&#x201E;UK[OLVULZULHY`V\ /LYL»ZHN\PKL[V^OH[`V\»SSÃ&#x201E;UKPU [OLZLSVJHSSPZ[PUNZ!

,]LU[*SHZZ*VTWL[P[PVUL]LU[ZVUS` ::[HUKHYK(TH[L\YJSHZZLZ @@V\[O*SHZZLZ ;(;=JSHZZLZ 47YV(TJSHZZLZ 99LJYLH[PVUHS 3VJH[PVU*P[`

,]LU[7YVTV[LY

1(5:@!)9,(<?)90+.,!8<(30-0,9"+(@,=,5;!+09;)02,402,33* (4"4033:/>@""+09;)02,402,*64 :PNUPU;PTL

+PYLJ[PVUZ

*VU[HJ[7OVUL5\TILY

:769;:1(@4,+(3:05."!(4" 5<;;,9*,5;,9"" (9,5(*96::*64

4(9@3(5+ 46;6*96:: 1(5:;@!3,65(9+;6>5!)<++: *9,,246;6*96::7(9165(;/(5 ),(:3,@"74"9;)<++: *9,,*2"")<++:*9,,2 *64

40*/0.(5 0*,9(*, 1(5:;@!)09*/9<5!5(;065(3" +(@,=,5;!)(1(4?05*96:(55( .9A,)05:20"(4"5),@,99+ 0,?,?>40;6),@,95 ;6;9(*2"  ")(1((*9,: *64

4055,:6;( 96(+9<5 1(59!)366405.;65!;9(=,3,9: 46;69*@*3,*3<)),;;@=(30(5;" !(4"*/0,-:;6>05. /(990,;(=,:""

40::6<90 (3()(4( /(9,:*9(4)3,: 1(5:;@!4(73,:=033,!+(@ ,=,5;!7,99@46<5;(054**3<) .3,55+/63305.:/,(+"9,@563+: 7(:;<9,*90:;6 *3(5;65-6336>/>@;6*9" "7,99@46<5;(05*64

5(;065(3"+,:,9;46;69*@*3, *3<)0590*25<::"16/5:65=(33,@ 6/=(4(92,+-96405;,9:,*;065 6-/>@ "" +,:,9;4**64 ,5+<96

*(30-6950(

1(5:;@!3<*,95,=(33,@!+(@ ,=,5;!<50;,+,5+<96(::6*0(;065 .69+65.6+,3"(4"16/5:65 =(33,@""<,(4**64

.9(5+;6<9

*6369(+6

1(59!364(305+(!5(;065(3! :6<;/,95*(30-6950(46;69 +(=0+316/5:65"76)6? .9(5+;6<9"  " <:(*695,9:69.

(9,5(*96::

1(59!/,:7,90(!9,.065(3! :6<;/,95*(30-6950(46;69 36.(563+:"76)6?.9(5+ ;6<9" ":*4( *64 1(59!/,:7,90(!9,.065(3! :6<;/,95*(30-6950(46;69 36.(563+:"76)6?.9(5+ ;6<9" ":* 4(*64 /(9,:*9(4)3,: 1(5:@!9(5*/6*69+6=(!+(@ ,=,5;!7632(+6;:46;69*@*3, *3<)9<*,/,5+90*2:65" (4">/0;,96*29+ />@79(090,*0;@9+:6<;/ ;6>/0;,96*2" " 7632(+6;:4**64 /(9, /6<5+ 1(5 :;@!90+.,*9,:;! 1(*29())0;:4*2,0;/,+,165./" :7(5.3,96/=:6*(/>@  ;965(9+;,(.3,>(:/ 9+,707,305,"" 1(*29())0;:4**64 1(5:;@!3<*,95,=(33,@!

1(54@!1(5 4@!+,5=,9! -,3+46;69:769;:1(@4, +(3:05."(4"+,5=,9*630:,<4 /<4)63;:;"" (9,5(*96::*64

1(54@!2(5:(:*0;@!-,3+ 46;69:769;:1(@4,+(3:05." (4"2,47,9(9,5("" (9,5(*96::*64 1(54@!2(5:(:*0;@!-,3+ 46;69:769;:1(@4,+(3:05."! (4"2,47,9(9,5("" (9,5(*96::*64

(9,5(*96:: 1(54@!;<3:(!-,3+46;69 :769;:1(@4,+(3:05."(4")62 *,5;,9""(9,5(*96:: *64 1(5 4@!;<3:(!-,3+46;69 :769;:1(@4,+(3:05."! (4")62*,5;,9"" (9,5(*96::*64

:6<;/*(96305( /(9,:*9(4)3,: 1(5:@!>,+.,-0,3+!+(@ ,=,5;!:<4;,9,5+<9690+,9:4* (16/55@4**6@"6--/>@ -6336>.9,,5(996>:"  ":,94(*3<)*64 ,5+<96 1(5:!,/9/(9+;!+(@,=,5;! -(403@90+,9:+6<.9*6*/9(5" (4")96?;65)90+.,9+40 :6<;/6-,/9/(9+;:*65/>@" ")96?;65)90+.,*64 1(5:@!>,+.,-0,3+!:<4;,9 ,5+<9690+,9:4*(16/55@ 4**6@"6--/>@-6336>.9,,5 (996>:" ":,94(*3<) *64

;,55,::,,

5,>@692

46;6*96::

:/69;;9(*2

1(5:;@!:/,3)@=033,!05+669" =0*;69@:769;:05*:(49 .(4465"*(3:650*(9,5( >/0;;/695,:;" " =0*;69@:769;:9(*05.*64

1(5 :;@!1(5:;@!*(096! ,3,*;90**0;@90+,9:-9(52 *(9705,336"(4":20+469,3(2, /,9=,@:<5:0+,9+" ",3,*;90**0;@90+,9:*64

1(5:;@!:/,3)@=033,!05+669" =0*;69@:769;:05*:(49 .(4465"*(3:650*(9,5( >/0;;/695,:;" " =0*;69@:769;:9(*05.*64

1(54@!+,5=,9!-,3+46;69 :769;:1(@4,+(3:05."!(4" +,5=,9*630:,<4/<4)63;:;" "(9,5(*96::*64

1(5:;@!1(5:;@!,(:; ),95,!,3,*;90**0;@90+,9:-9(52 *(9705,336"(4">(95,9»:3(2, >(95,9:3(2,96(+" ",3,*;90**0;@90+,9:*64

05+0(5(

569;/*(96305(

46;6*96::

96(+9<5

46;6*96::

1(59!05+0(5(7630:!40+ >,:;46;69*@*3,*3<))6) :/(*2,3-69+"(4":/(9+05. 4056-:/(9+05.,?0;" "40+>,:;4**64

1(5:;@!-3,;*/,9!05+669" =0*;69@:769;:05*:(49 .(4465">,:;,955*(.*,5;,9 -(5505.)90+.,9+"  "=0*;69@:769;:9(*05.*64

1(5:!/6*23,@!:*69,2,,7,9: 052305+(;,(3,"(4" 23,):;9,,;"" :*69,2,,7,9:052*64

2,5;<*2@ 46;6*96:: 1(5:;@!*69)05!05+669" =0*;69@:769;:05*:(4 9.(4465";/,(9,5( 4(92,;:;;/-3" " =0*;69@:769;:9(*05.*64 1(5:;@!*69)05!05+669" =0*;69@:769;:05*:(4 9.(4465";/,(9,5( 4(92,;:;;/-3" " =0*;69@:769;:9(*05.*64

4<:,<4,?/0)0;: 46;69*@*3,/(336--(4, 46;69*@*3,4<:,<469. ;OL/HSSVM-HTLPZSVJH[LKVU[OL(4(JHTW\ZPU 7PJRLYPUN[VU6OPVHUKPZVWLU HT[VWTZL]LU KH`ZH^LLR*SVZLK!,HZ[LY;OHURZNP]PUN*OYPZ[THZHUK 5L^@LHY»Z+H`

(TLYPJHU4V[VYJ`JSPZ[JVT

(9,5(*96::

623(/64(

1(5:;@!-3,;*/,9!05+669" =0*;69@:769;:05*:(49 .(4465">,:;,955*(.*,5;,9 -(5505.)90+.,9+"  "=0*;69@:769;:9(*05.*64

;,?(:

>(:/05.;65 .9(5+;6<9 1(59!!9,.065(3"!>(:/05.;65 :;(;,)4>90+,)90(5.6<./"(4" <5256>5.9(5+;6<9-964 " ">:)4>969.

6/06

>0:*65:05

(9,5(*96::

762,99<5

1(54@!+(@;65!-,3+46;69 :769;:1(@4,+(3:05."(4" 5<;;,9*,5;,9"" (9,5(*96::*64

1(59!4(+0:65!4(+0:65 46;69*@*3,*3<)+(54(5*3" (4"*(70;(3:8<(9,4(+0:65 05565;/,7(92*(70;(3 :8<(9,4(+0:65"  " 4(+0:6546;69*@*3,*3<)69.

1(54@!+(@;65!-,3+46;69

4HPU/HSS!4V[VYJ`JSL/HSSVM-HTL!9LJVNUPaPUN [OVZL^OVOH]LTHKLZPNUPÃ&#x201E;JHU[JVU[YPI\[PVUZ[VHSS HZWLJ[ZVMTV[VYJ`JSPUN +PY[;YHJR(SS(TLYPJHU4V[VYJ`JSL9HJPUN! *LSLIYH[PUN[OLZ[VYPLKOPZ[VY`VM[OLTLUHUKTHJOPULZ ^OVIH[[SLVU[OLKPY[V]HS

@LHY9PKL!/VUKH»Z6OPVTHKL4V[VYJ`JSLZ!.VSK >PUNZHYLU»[[OLVUS`IPRLZ[OH[/VUKHWYVK\JLKH[P[Z WSHU[PU4HY`Z]PSSL6OPV;OPZL_OPIP[ZOV^JHZLZ[OL `LHYZVMWYVK\J[PVUMYVT[OL*9[V[OL9\UL -V\UKLY»Z/HSS!/VUVYPUN[OL/HSSVM-HTL»ZNLULYV\Z JVU[YPI\[VYZ


(4(7969(*05. 465:;,9,5,9.@(4(:<7,9*96:: (4(:<7,9*96::*64

(WYPS !+LZ4VPULZ0V^H!>LSSZ-HYNV(YLUH 

(4(9(*05.,(:;/(9,:*9(4)3,: (4(9(*05.*64

(4(5(;065(3*/(47065:/07:,90,:

-LI @V\[O-LI(TH[L\Y!7HPJPULZ*HSPM! +LYYPJR4VYYPZ:HSPUHZ9HTISLYZ"" :HSPUHZ9HTISLYZ4*VYN

1HU!(UHOLPT*HSPM!(UNLS:[HKP\T;PJRL[4HZ[LY JVT 

(4(9(*05.5(;065(3/(9, /6<5+ 5(;065(3/(9,(5+/6<5+*64

1HU!7OVLUP_(YPa!*OHZL-PLSK;PJRL[4HZ[LYJVT 

1HU!3\JLYUL=HSSL`*HSPM!9PJR5\ZZ+LZLY[4*" +LZLY[4*JVT

1HU!3VZ(UNLSLZ!+VKNLY:[HKP\T;PJRL[4HZ[LY JVT

-LI!:WHUNSLY/PSSZ9PKNLJYLZ[*HSPM!9PJOPL >VOSLYZ-V\Y(JLZ4*"-V\Y(JLZ4* VYN

1HU !6HRSHUK*HSPM!6HRSHUK*VSPZL\T ;PJRL[4HZ[LYJVT  -LI!(UHOLPT*HSPM!(UNLS:[HKP\T;PJRL[4HZ[LY JVT  -LI!/V\Z[VU!9LSPHU[:[HKP\T;PJRL[4HZ[LY  -LI !:HU+PLNV!8\HSJVTT:[HKP\T;PJRL[4HZ[LY JVT -LI!([SHU[H!.LVYNPH+VTL;PJRL[4HZ[LYJVT   4HYJO!+H`[VUH-SH!+H`[VUH0U[LYUH[PVUHS :WLLK^H`+H`[VUH0U[LYUH[PVUHS:WLLK^H`JVT 70;:/67

4HYJO!,S*LU[YV*HSPM!2PYR/LZ[LY9VHKY\UULY6MM 9VHK9HJPUN" 9VHKY\UULY6MM9VHKVYN 4HYJO!4LSIH0KHOV!)PSS>HSZO+PY[0UJ"  +PY[0UJ9HJPUNJVT (WYPS !1LYPJOV<[HO!;YH]PZ.VVK:HNL9PKLYZ" :HNL9PKLYZ4*JVT (WYPS!3\JLYUL=HSSL`*HSPM!-YHUR9VKYPN\La =PRPUNZ4*" =PRPUNZ4*JVT 4H`!1LYPJOV<[HO!9VI+H]PLZ:\NHYSVHMLYZ4*" :\NHYSVHMLYZ4*JVT 6J[ !1VOUZVU=HSSL`*HSPM!1\Z[PU:O\S[a:V*HS4*"    :V*HS4*JVT

4HYJO!0UKPHUHWVSPZ!3\JHZ6PS:[HKP\T ;PJRL[4HZ[LYJVT

6J[!3\JLYUL=HSSL`*HSPM!9`HU:HUKLYZ»Z 4*"    Z4*VYN

4HYJO !1HJRZVU]PSSL-SH!,]LYIHUR-PLSK ;PJRL[4HZ[LYJVT 

(4(9,23<:,5(;065(3,5+<96 */(47065:/07:,90,:79,:,5;,+)@466:, 9(*05. 5(;065(3,5+<96*64

4HYJO!;VYVU[V6U[HYPV!9VNLYZ*LU[YL ;PJRL[4HZ[LYJVT (WYPS!(YSPUN[VU;L_HZ!*V^IV`Z:[HKP\T ;PJRL[4HZ[LYJVT  (WYPS !:[3V\PZ",K^HYK1VULZ+VTL;PJRL[4HZ[LY JVT (WYPS!:LH[[SL!8\LZ[-PLSK;PJRL[THZ[LYJVT 

-LI!:HSSL`:*!9OVUKH+LUUPZ*VS\TIPH,UK\YV 9PKLYZ" 4HYJO!-VYLZ[/PSS3H!;YHJ`)HYZ[V^(JHKPHUH +PY[9PKLYZ" (JHKPHUH+PY[9PKLYZVYN (WYPS!2HSNHY`;L_HZ!2LSS`:PTTVUZ3\IIVJR;YHPS 9PKLYZ"3\IIVJR;YHPS9PKLYZVYN

-LI@V\[O (TH[L\Y!,SRV.H!)Y\JL+V\NSHZ /PNO7VPU[/HYL:JYHTISL" 4H`@V\[O4H`(TH[L\Y!7VY[,SPaHIL[O51! +LUUPZ4J2LS]L`;YP*V\U[`:WVY[ZTLU4*"   ;LHT/HTTLYVYN 1\UL@V\[O (TH[L\Y!0SS!4PRL.PIIZ4PK(TLYPJH ?*";OL4(?*JVT 1\S`@V\[O (TH[L\Y!*V]PUN[VU5@!2LU 9VZL-\SS(J[PVU9HJPUN7YVTV[PVUZ"  -\SS(J[PVU*`JSLZJVT 1\S`@V\[O (TH[L\Y!=HSSL`=PL^7H!;PMMHU` ;VIPHZ9H\ZJO*YLLR7V^LYZWVY[Z" 9H\ZJO*YLLR9HJPUNJVT +<(3:769;(+=,5;<9,:,90,: (4(2;45(;065(3 +<(3:769;;9(03 90+05.:,90,: (4(+09,*;3052*64 96(+90+,+: 4H`!AHSLZRP6OPV!/HUNPUN9VJR )\JRL`L+\HS:WVY[LYZ)PSS2HLWWULY"" 2HLWWULYZ>VVKZJVT 1\UL!)P_I`4V!:OV^4L4PK^LZ[;YHPS 9PKLYZ(ZZVJ9VILY[2H\MTHU" " 9PKL4;9(JVT 1\UL!4PSS/HSS7H!+\Y[`+HIILYZ5H[PVUHS+\HS :WVY[+\Y[`+HIILYZ5PSZ4HU[aVYVZ"" +\Y[`+HIILYZJVT 1\UL!6KLSS6YL!)SHJR+VN+\HS:WVY[ 5>;V\Y ;YHPS;VT5PLTLSH"" )SHJR+VN+\HSZWVY[JVT

(WYPS!>LZ[7VPU[;LUU!7H\S;YH\Ã&#x2026;LY5(;9(" 5H[YH+PY[9PKLYUL[

1\UL!-VY[9VJR6YL!-VY[9VJR5H[PVUHS +\HS:WVY[3VIVZ4*)PSS`;VTHU"" 3VIVZ4*JVT

4H`!3HZ=LNHZ5L]!:HT)V`K:[HKP\T ;PJRL[4HZ[LYJVT -(5:

4H`!)PZTHYR(YR!:[L]L7PLYJLVY1PT /VS\I(YRHUZHZ+PY[9PKLYZ"  (YRHUZHZ+PY[9PKLYZUL[

(\N!*VS\TI\Z0UK!)\MMHSV+:(K]LU[\YL 9PKL:[VUL`3VULZVTL4*5H[OHU.HZRPSS" ":[VUL`3VULZVTL4*JVT+\HS:WVY[PUKL_O[TS

(4((9,5(*96::*/(47065:/07:,90,: (9,5(*96::*64

1\UL !<W[VU>`V!7H\S+V\NSHZ0U`HU2HYH9PKLYZ" 5H[PVUHS,UK\YVJVT

1HU !;\SZH6RSH!62*LU[LY;PJRL[ZJVT   

1\S`!4VVYLZ[V^U4PJO!1LMM/\U[ 3HUZPUN4V[VYJ`JSL*S\I"  3HUZPUN4V[VYJ`JSL*S\IVYN

:LW[!5L^:[YHPNO[Z]PSSL6OPV!)SHJR+PHTVUKZ! 5L^:[YHPNO[Z]PSSL,UK\YV9PKLYZ:[L]L>OLLSLY"  "5:,UK\YVJVT

(WYPS!:HS[3HRL*P[`!9PJL,JJSLZ:[HKP\T ;PJRL[4HZ[LYJVT

1HU!2HUZHZ*P[`4V!2LTWLY(YLUH ;PJRL[4HZ[LYJVT 1HU!+H`[VU6OPV!5\[[LY*LU[LY;PJRL[4HZ[LY JVT   1HU!+LU]LY!+LU]LY*VSPZL\T;PJRL[4HZ[LY JVT -LI!;VSLKV6OPV!/\U[PUN[VU*LU[LY ;PJRL[4HZ[LYJVT"  -LI!;)( -LI!9LUV5L]!3P]LZ[VJR,]LU[*LU[LY -LI!:HJYHTLU[V*HSPM!(9*6(YLUH ;PJRL[4HZ[LYJVT    4HYJO!>PJOP[H2HU!0U[Y\Z[)HUR(YLUH :LSLJ[H:LH[JVT  4HYJO!.YLLU]PSSL:*!;OL)036*LU[LY ;PJRL[4HZ[LYJVT 4HYJO!*V\UJPS)S\MMZ0V^H!4PK(TLYPJH *LU[LY 4HYJO!3P[[SL9VJR(YR!=LYPaVU>PYLSLZZ (YLUH   (WYPS!9VJRMVYK0SS!4L[YV*LU[YL4L[YV*LU[YL JVT 

1\S`!*YVZZ-VYR7H!7L[LY)\YUL[[)YHUK`^PUL ,UK\YV9PKLYZ"),9\Z (\N!*OHUKSLYZ]PSSL6OPV!2VY`@V\UNAHULZ]PSSL ;YHPS9PKLYZ"AHULZ]PSSL;YHPSYPKLYZJVT 6J[:H[!4H[[OL^Z0UK!+V\N:WLUJL 4\KKVIILYZ4*" 4\KKVIILYZ4*VYN (4(9(*05.>,:;/(9,:*9(4)3,: (4(9(*05.*64 -LI @V\[O-LI(TH[L\Y!7HPJPULZ*HSPM! +LYYPJR4VYYPZ:HSPUHZ9HTISLYZ"" :HSPUHZ9HTISLYZ4*VYN

:LW[!.VSKLU7VUK2`!3)32;9PKLYZ 1LZZL;OVTHZ""NPUU`'`HOVVJVT :LW[!3VNHU6OPV!5\[JYHJRLY)\JRL`L +\HSZWVY[LYZ)PSS2HLWWULY"" 2HLWWULYZ>VVKZJVT 6J[!4[:VSVU=H!:OLUHUKVHO+\HS:WVY[ 5=;(+L[[LY4LYa" "5=;9VYN 6J[ !4J(Y[O\Y6OPV!)HI`)\YY5H[PVUHS+\HS :WVY[,UK\YV9PKLYZ(ZZVJPH[PVU:[L]L)HYILY" ",UK\YVYPKLYZJVT 6J[ !*OH[Z^VY[O51!4L[LVY9PKLPU[OL 7PULZ4L[LVY4*1LMM-P[aWH[YPJR" " 4L[LVY4*JVT

(WYPS@V\[O(WYPS(TH[L\Y3HRL7VY[*HSPM!1LMM )H\LY:*:*("(4(+VYNL]LU[Z

5V]!7VY[,SPaHIL[O51!/HTTLY9\U;YP *V\U[`:WVY[ZTLU,7VSOH\THZ"" ;LHT/HTTLYVYN

(WYPS@V\[O(WYPS(TH[L\Y!:OHZ[H3HRL *HSPM!2HYS/HURPUZ9LKKPUN+PY[9PKLYZ"  9LKKPUN+PY[9PKLYZJVT

5V]!:[\K`)\[[L;L_HZ!(UU\HS;LYSPUN\H 5H[PVUHS+:;YHPS9PKLYZVM/V\Z[VU1HJR1LUUPUNZ" ";9/*`JSLVYN

4H`(TH[L\Y4H` @V\[O!9PKNLJYLZ[*HSPM! 9`HU:HUKLYZ»Z4*"    Z4*VYN

5V]!7HSTKHSL*HSPM!3()HYZ[V^[V=LNHZ (4(++\HS:WVY[7H\S-SHUKLYZ" " +PZ[YPJ[(4(VYN

1\UL@V\[O1\UL(TH[L\Y!,SR[VU6YL!;VUP )HTMVYK,;9(0UJ" ,;9(UL[ (\N@V\[O(\N(TH[L\Y!)PN:R`4VU[! 1HTL`2HIPZJO3VUL7LHR9HJPUN" )PN:R`?*JVT



1HU\HY`


OFFICIAL MOTORCYCLE AND POWERSPORTS VALUE GUIDE

Trading Bikes? Get the most Timely, Independent & Accurate™ market values for ATVs, Motorcycles, Snowmobiles, and Personal Watercraft.

officially licensed product

800•554•1026 www.BlackBookUSA.com

Sitting On The Sidelines Is Not An Option Every week we

learn of motocross tracks under threat of closure. Last year, 2 million acres were lost to inappropriate federal Wilderness designations, and there are many more millions of acres – and thousands of trails – proposed for closure. Cities large and small target street motorcyclists with unfair sound ordinances and laws, while allowing other loud noise emitters to remain unchecked. Street riding is also under attack from safetycrats who point to increasing motorcycle crashes and fatalities on our highways. Are you ready for mandated OE-exhausts, inflatable riding suits, airbags and roll cages?

Impossible, you say? All it takes is the stroke of a pen.

A club for Kawasaki Concours owners and all sport touring enthusiasts.

www.COG-Online.org 774.COG.8608





 

NEVER BE BLINDED BY THE SUN AGAIN! Height Adjustable & Removable Visor. Exclusively Designed to Block the Sun ON ALL Helmets With a Face Shield! Protect your passion. Join today at

americanmotorcyclist.com

1-888-231-0710 • www.super-visor.com/a


K I N E KT GE A R R I NG

PRYLQJJHDUV\RXFDQZHDU ZDWFKWKHYLGHR



ZZZNLQHNWGHVLJQFRP

7KH5DOO\IRU5LGHUV -XQH /DNH*HRUJH1<

ZZZDPHULFDGHFRP

(+=,9;0:,905+,? (SS:[H[L (4(2;4+::LYPLZ (TLYPJHKL (4:603 )LZ[9LZ[ )SHJR)VVR *VUJV\YZ6^ULYZ.YV\W +PZJV\U[9HTWZ ,HNSL9PKLY

-LK*V .LPJV .LYIPUNZ .907:>,33.SV]LZ 4V[VYJ`JSL/HSSVM-HTL/VSPKH`*HYKZ 4V[VYJ`JSL/HSSVM-HTL9HMÃ&#x2026;L)PRLZ 1*4V[VYZ 2PULR[.LHY9PUN 4HUPJ:HSHTHUKLY

4J.YH^0UZ\YHUJL 4*79> 7P[7VZZL 7VY[(*OVWWLY 7V^LYSL[ 7YVNYLZZP]L0UZ\YHUJL 9VUUPL»Z :\WLY=PZVY



1HU\HY`


.<,:;*63<45 ;/05.:03,(95,+

([`LHYZVMHNL0OH]LILLUYPKPUN[LZ[PUNHUK YL]PL^PUNTV[VYJ`JSLZMVYTVYL[OHU`LHYZ)\[^P[OV\[ KV\I[[OL4V[VYJ`JSL*HUUVUIHSS^HZ[OLYPKLVMT`SPML 4`WHS+HSL>HSRZSLYVM[OL>OLLSZ;OYV\NO;PTL 4\ZL\T>OLLSZ;OYV\NO;PTLJVTKLZJYPILK[OLL]LU[ [VTLHZHTPSLJVHZ[[VJVHZ[YPKLMVYWYL  TV[VYJ`JSLZ(YPKLSPRL[OPZOHKUL]LYILLUKVULILMVYL HUKUVVULRUL^OV^THU`THJOPULZ^V\SKZ[HY[VYOV^ THU`PMHU`^V\SKNV[OLKPZ[HUJL 4VYL[OHUYPKLYZZPNULK\WMVY[OL4V[VYJ`JSL *HUUVUIHSS-VY[`Ã&#x201E;]LVM\ZZOV^LK\WPU2P[[`/H^R 5*MVY[OLZ[HY[VM[OPZOPZ[VYPJYPKLHUKKH`ZSH[LYVU :LW[THJOPULZTHKLP[[V[OL*HSPMVYUPHÃ&#x201E;UPZOSPUL H[[OL:HU[H4VUPJH7PLY^P[OHWLYMLJ[ZJVYL (M[LYJHYY`PUNHWLYMLJ[ZJVYLMVY[OLÃ&#x201E;YZ[KH`ZVM[OL YPKLT` /HYSL`·UHTLK:LSTHHM[LYT`YLJLU[S` KLJLHZLKTV[OLY·KL]LSVWLKZLYPV\ZTLJOHUPJHSPZZ\LZ ;OL>OLLSZ;OYV\NO;PTLJYL^;`SLY.YLLUISH[[HUK0 YLI\PS[T`LUNPUL^LSSHM[LYTPKUPNO[VU[OL[OUPNO[ ;OLUL_[TVYUPUN:LSTHJHYYPLKTLHIV\[TPSLZILMVYL [OLTHNUL[VPNUP[PVUX\P[;OH[UPNO[^LZ^HWWLKV\[[V HUV[OLYTHNUL[VT`Ã&#x201E;M[OTHNUL[VPUZP_TVU[OZI\[ :LSTH^HZQ\Z[[VV[PYLK[VÃ&#x201E;UPZO[OLYPKL +\L[VT`Z[YVUNZ[HY[0^HZYHURLK5V^P[OHWLYMLJ[ ZJVYLHUKV]LYTPSLZVU[OL[OKH`:LSTHHUK0 THUHNLK[VOVSKVU[V[OWSHJLYHURPUNV]LYHSS5V[[VV ZOHII`MVYH`LHYVSKYPKLYVUH `LHYVSK/HYSL` 0USVVRPUNIHJRH[[OPZHTHaPUNL]LU[OLYLHYL VIZLY]H[PVUZHUKJVTTLU[Z0»KSPRL[VZOHYLHM[LYYPKPUN ^YLZ[SPUNHUK^YLUJOPUNT` /HYSL`+H]PKZVUMYVT [OL([SHU[PJJVHZ[JSLHY[V(YPaVUH!  7YLYPKLWYLWPZLZZLU[PHS(UKILH^HYL[OH[UVTH[[LY OV^^LSS`V\WSHU`V\^PSSV]LYSVVRZVTL[OPUN  >LSSWYLWHYLKHU[PX\LIPRLZJHUY\U^LSSH[ZWLLKHUK HTHaLYPKLYZVMTVKLYUTHJOPULZHZ`V\WHZZ[OLT  )\[[LYÃ&#x2026;PLZHYLWYL[[`I\[KVO\Y[H[TWOHUK[OL` KVU»[[HZ[LNVVK  ;OLMY\Z[YH[PVUVMY\UUPUNV\[VMNHZTPSLZH^H`MYVT JP]PSPaH[PVUJHUILJY\ZOPUN  >OLUYPKPUNZVTL[OPUN[OPZVSKILWYLWHYLKMVYSV[Z VMX\LZ[PVUZ·>OH[PZP[&/V^VSKPZP[&>OLYLKPK`V\ NL[P[&>OH[»ZP[^VY[O&(YL`V\JYHa`&  4VZ[WLVWSLHYLMHZJPUH[LKI`VSKIPRLZL]LUPM[OL` JHU»[[LSSH/HYSL`MYVTH/VUKH  7LVWSL^HU[HYVTHU[PJ[HSLSPRL¸T`NYHUKMH[OLY IV\NO[P[UL^ `LHYZHNV¹VY¸0MV\UKP[PUHIHYU TPSLZMYVTOLYLMVY ¹  4VKLYUIYHRPUNPNUP[PVUHUKVPSPUNZ`Z[LTZHYL ^VUKLYM\S  >OLU[YH]LSPUNO\UKYLKZVY[OV\ZHUKZVMTPSLZWHJR ZTHY[·[VVSZZWHYLNHZWHY[ZWYVWLYYPKPUNNLHYL[J

(TLYPJHU4V[VYJ`JSPZ[JVT

,HJOKH`NL[[OL^LH[OLYWYLKPJ[PVUMVY[OLUL_[ OV\YZHUKKYLZZHJJVYKPUNS` 5VTH[[LYOV^Z[YVUN`V\YIPRLPZY\UUPUN[OPUNZJHU JOHUNLMHZ[ 2LLW`V\YWSHUZÃ&#x2026;L_PISL^OLUYPKPUNHUK^OLU ^YLUJOPUN:LLWVPU[ 5L]LY\UKLYLZ[PTH[L[OLKL[LYTPUH[PVUVYZRPSSZ TLJOHUPJHSHUKYPKPUNVMLU[O\ZPHZ[PJTV[VYJ`JSPZ[ZVU HUL]LU[SPRL[OPZ ;OLTV[VYJ`JSPUNJVTT\UP[`PZVULIPNYH\JV\ZHUK L_JP[PUNMHTPS`,ZWLJPHSS`VU[OL]PU[HNLLUKVM[OL YPKPUNZWLJ[Y\T 0OHKUVPKLHOV^T\JO0^V\SKTPZZ[OLOLJ[PJWHJL JYHa`HJ[PVUHUKHTHaPUNWLVWSLHM[LY[OLL]LU[LUKLK 4V[VYJ`JSL/HSSVM-HTLY)\aa2HU[LY^OV^HZQVPULKI` MLSSV^/HSSVM-HTLY*YPZ:VTTLY:PTTVUZPU[OLL]LU[PZ LKP[VYPUJOPLMVM(TLYPJHU0YVU4HNHaPUL^^^(0THNJVT 9VHK)PRL^^^9VHK)PRL4HNJVTHUK[OLUL^(TLYPJHU 0YVU4V[VYJ`JSL)HNNLY^^^4V[VYJ`JSL)HNNLYJVT

-VYM\SSKL[HPSZVU[OLYPKLYPKLYZHUK THJOPULZ]PZP[4V[VYJ`JSL*HUUVUIHSSJVT

7OV[V4PJOHLS3PJO[LY7OV[VNYHWO`33*

>OPSL9PKPUNH /HYSL`*YVZZ*V\U[Y`)`)\aa2HU[LY


ONE TO RULE TO RIDE RAFFLE

BIKES!

Buy A Chance To Win A Vintage Z1, And A Modern Z1000 —And Support The Motorcycle Hall of Fame The coolest bike on the road in the early 1970s? The fire-breathing Kawasaki Z1, the machine that took the four-cylinder Superbike to new levels, with a 903cc, dualoverhead-cam engine and muscle-bike styling that re-wrote

streetbike rules for decades. The Z1’s DNA lives on today in the Kawasaki Z1000—a modern interpretation of the muscle-bike, with a fuel-injected 1,043cc dual-overheadcam motor that can take you anywhere you want to go.

Visit MotorcycleMuseum.org for a chance to win both!


American Motorcyclist 01 2011  

The Journal of the AMA

Read more
Read more
Similar to
Popular now
Just for you