Page 1

!

"#$%$"&''(!)*&'+&%$,-!."/00'! 1),%&'!/)&'%/2!3$'0%!#)30#%! !!4567!89:687!;68!7<9!.0.!.=4>4?9!389@9A746A!386B8CD!CA?!(9556E!#4FF6A!.=4>4?9! 389@9A746A!386B8CD!


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`\!#69G98N!#HIHN!^! 14?B59ON!"HN!][[a\!#6A9GN!1HN!^!/6CBE66?N!MH)HN!XZZZ\!IOAN!UHN!"C<455N!/HN!/65?GE687<N!#HN!#6E54ABN!'HN!^!"C8G6AN!.HN! XZZZL!CA?!4A!AC746AC5!D9A7C5!<9C57<!:654>O!;8CD9E68QG!G=><!CG!)@98B899A!J.H!3H!M=7><98!^!1>'=>Q49N!&H!;68!7<9!"<45?! CA?!(6=7<!&?@4G68O!"6DD47799N!19A7C5!/9C57<!"6DD4GG46A!6;!"CAC?CHN!XZ]ZLH!"=889A75ON!G><665!C?D4A4G78C768G!C89! ;C>9?!E47<!C!:597<68C!6;!:86B8CDG!:=8:6874AB!76!C??89GG!A=D986=G!CG:9>7G!6;!bD9A7C5!<9C57<cH!!I<459!7<9!A99?!76! =G9!F9G7!9@4?9A>9PFCG9?!4A798@9A746AG!4G!89>6BA4T9?!JR68DCAN!.H-HN!054AN!.H.HN!/6CBE66?N!MH)HN!"86E9N!1HN!^!.CQCN!,HN! XZZ[LN!9?=>C768G!CA?!G><665G!>6A74A=9!76!G959>7!CA?!4D:59D9A7!<9C@45O!DC8Q979?!CA?!>6G75O!:86B8CDG!7<C7!5C>Q! C::86:84C79!9@4?9A>9!;68!7<948!9;;9>74@9A9GG!68!GC;97O!J/C55;68GN!KHN!^!-6?9779N!KHN!XZZXLH!%<4G!DCO!F9!?=9!4A!5C8B9! :C87!762!CL!7<9!5C>Q!6;!89G9C8><!9@C5=C746A!>C:C>47O!E47<4A!G><665GdG><665!F6C8?G!76N!4?9A74;O!CA?!>8474>C55O!9@C5=C79! DC8Q979?!:86B8CDG\!FL!7<9!5C>Q!6;!CA!4A?9:9A?9A7!F9G7!9@4?9A>9!FCG9?!G6=8>9!6;!4A;68DC746A!6A!D9A7C5!<9C57<! :86D6746Ad:89@9A746A!:86B8CDG!7<C7!C89!8959@CA7!;68!"CAC?4CA!G><665GH! &7!:89G9A7N!7<989!C89!A6!QA6EA!AC746AC5!:86B8CDG!68!G98@4>9G!4A!"CAC?C!7<C7!:C87A98!D9A7C5!<9C57<!68!9?=>C746A! 89G9C8><98G!E47<!G><665!:86;9GG46AC5GdG><665GdG><665!F6C8?G!;68!7<9!9e:54>47!:=8:6G9!6;!>8474>C55O!9@C5=C74AB!G><665! FCG9?!D9A7C5!<9C57<!:86D6746Ad:89@9A746A!:86B8CDG!;68!GC;97ON!9;;9>74@9A9GG!CA?!>6G7!9;;9>74@9A9GGH!%<4G!89:687! ?9G>84F9G!;4A?4ABG!6;!C!:4567!:86W9>7!7<C7!DCO!9G7CF54G<!7<9!;6=A?C746A!6;!CA!6A54A9!89:6G4768O!6;!D9A7C5!<9C57<! :86D6746Ad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ddEEEH>6><8CA9H68BdLH!%<9!><64>9!6;!7<9G9!7E6!:86B8CDG!ECG! 7<9!89G=57!6;!7<9!?4G>=GG46A!CD6AB!7<9!G79984AB!>6DD47799!D9DF98G!6;!7<4G!:4567!:86W9>7!7<C7!4G!>6D:6G9?!6;!D9A7C5! <9C57<!9e:987GN!9?=>C768GN!G><665!C?D4A4G78C768GN!CA?!89G9C8><98G!;86D!C>86GG!"CAC?CH!R4A?4ABG!6;!7<4G!89@49E!C89! 89:6879?!FCG9?!6A!7<9!89>6DD9A?C746AG!G=BB9G79?!FO!389;9889?!#9:6874AB!$79DG!;68!.OG79DC74>!#9@49EG!CA?!197CP &AC5OG9G!J3#$.1&L!.7C79D9A7!J<77:2ddEEEH:84GDCPG7C79D9A7H68Bd4A?9eH<7DL!7<C7!4G!E4?95O!C>>9:79?!4A!7<9! <9C57<d:=F54>!<9C57<!89G9C8><!;495?H!!!

V1)%/0K.! 2


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

)f"'+.$0,!"#$%)#$&! ,6AP)AB54G<!:=F54>C746AG!E989!9e>5=?9?H!&AO!GOG79DC74>!89@49EG!68!D97CPCAC5OG4G!?9C54AB!E47<!G=4>4?9G!895C79?!E47<! :<OG4>C5!455A9GG!E989!A67!954B4F59!;68!4A>5=G46AH!I9!?4?!A67!4A>5=?9!89:687G!68!G7=?49G!;86D!B89O!54798C7=89H!!

.)&#"/!1)%/0K.! I47<!7<9!CGG4G7CA>9!6;!C!<9C57<!54F8C84CAN!E9!G9C8><9?!C!A=DF98!6;!?C7CFCG9G!76!4?9A74;O!8959@CA7!G7=?49G!CA?! 89@49EGN!4A>5=?4AB!19?54A9!J4A>5=?4AB!/9C57<.%&#LN!3GO>$,R0!J4A>5=?4AB!K4GG987C746A!&FG78C>7G!$A798AC746AC5LN! )1S&.)N!"$,&/'N!7<9!"6><8CA9!'4F8C8ON!7<9!"CD:F955!"655CF68C746A!.3)"%#!?C7CFCG9N!.6>$A?9eN!.6>4656B4>C5! &FG78C>7GN!.6>4C5!.98@4>9G!&FG78C>7GN!)#$"N!.6>4C5!I68Q!&FG78C>7GN!#9G9C8><!'4F8C8ON!CA?!I9F!6;!.>49A>9H!%<9!G9C8><! G7C879?!E47<!7E6!G97G!6;!G9C8><!798DG!76!>C:7=89!CAO!G7=?49G!895C79?!E47<!G=4>4?9!CA?!4A798@9A746A!9;;9>74@9A9GGN! >6G7P9;;9>74@9A9GG!CA?!:86B8CD!GC;97OH!M9O!G9C8><!E68?G!;68!7<9G9!7E6!G79:G!C892!G=4>4?9N!G95;P<C8DN!G95;P 4AW=8OdF9<C@468d4A;54>7d<C789?N!G=4>4?9!C779D:7N!:89@9A746AN!>84G4G!4A798@9A746AN!<9C57<!G98@4>9GN!<9C57<!9?=>C746AN! :86B8CD!?9@956:D9A7N!:86B8CD!9@C5=C746AN!9e:984D9A7GN!784C5GN!9;;9>74@9A9GGN!9;;4>C>46=GN!>6G7P9;;9>74@9A9GGN!GC;97ON! CA?!<C8D!9;;9>7GH!%<9!89G=57G!;86D!7<9!CF6@9!7E6!G79:G!E989!>6DF4A9?!=G4AB!7<9!S6659CA!&,KN!E<4><!E989!;=87<98! ;457989?!FO!Q9O!798DG!b.0.!G=4>4?9!:89@9A746Ac!CA?!b(9556E!#4FF6A!G=4>4?9!:89@9A746AcH!19CAE<459N!E9!89:9C79?!7<9! ;48G7!7E6!G79:G!F=7!;457989?!7<9!89G=57G!E47<!Q9O!E68?G!bGOG79DC74>!89@49Ec!CA?!D97CPCAC5OG4GN!76!>C:7=89!9e4G74AB! 89@49EGdD97CPCAC5OG4G!7<C7!>6=5?!<C@9!4A>5=?9?!7<9!7E6!7C8B97!:86B8CDGH!&::9A?4e!]!4A>5=?9G!?97C459?!G9C8><! G78C79B49G!;68!7<4G!89:687H!

.%+K(!.)')"%$0,!&,K!K&%&!)f%#&"%$0,! I9!8CA!7<9!G9C8><!E47<!7<9!Q9O!798DG!4A!7<9!4?9A74;49?!?C7CFCG9G!CA?!4D:6879?!7<9!89G=57G!4A76!7<9!#9;I68QG!XHZ! ?C7CFCG9!DCACB9D9A7!:86B8CDH!K=:54>C79G!E989!89D6@9?H!I9!7<9A!G>899A9?!74759G!CA?!CFG78C>7G!6;!4D:6879?! G7=?49G!76!?95979!G7=?49G!7<C7!C89!A67!8959@CA7!76!7<9!76:4>!6;!4A7989G7GH!%<9!89DC4A4AB!89G9C8><!G7=?49G!E989!;=87<98! CGG9GG9?!;68!4A>5=G46Ad9e>5=G46A!FO!89C?4AB!7<9!;=55!79e7N!CA?!GOG79DC74>!89@49EGdD97CPCAC5OG4G!E989!G>CAA9?!76! ><9>Q!E<97<98!7<9!7E6!7C8B97!:86B8CDG!E989!4A>5=?9?!CA?!4A@9G74BC79?N!E<4><!89G=579?!4A!7<9!;4AC5!G7=?49G!CA?! GOG79DC74>!89@49EGdD97CPCAC5OG4G!;68!4A>5=G46A!;68!7<4G!89:687H!! &!?C7C!9e78C>746A!;68DN!?9@956:9?!C!:84684N!76!6F7C4A!4A;68DC746A!G=><!CG!4?9A74;O4AB!4A;68DC746AN!G7=?O!954B4F4547ON! G7=?O!><C8C>7984G74>G!JFCG954A9!><C8C>7984G74>GN!56>C746AN!74D4ABN!D97<6?GN!CA?!4A798@9A746A!7O:9!CA?!?=8C746ALN! 6=7>6D9!D9CG=89G!CA?!g=CA747C74@9!?C7CH!

"#$%$"&'!&33#&$.&'! I9!C::549?!%<9!0;;4>9!6;!U=G74>9!386B8CD!J0U3L!I<C7!I68QG!#9:6G4768O!J,C746AC5!"84D4AC5!U=G74>9!#9;989A>9! .98@4>9GN!XZZYL!76!CGG9GG!7<9!g=C547O!6;!9@4?9A>9!6;!7<9!4A>5=?9?!G7=?49GH!%<9!0U3!I<C7!I68QG!#9:6G4768O!>5CGG4;49G! :86B8CDG!4A76!_!59@95G!6;!9@4?9A>9!6;!9;;9>74@9A9GG2!9;;9>74@9N!9;;9>74@9!E47<!89G98@C746AN!:86D4G4ABN!4A>6A>5=G4@9! 9@4?9A>9N!4AG=;;4>49A7!9@4?9A>9N!CA?!4A9;;9>74@9\!CA?!`!59@95G!6;!89C?4A9GG!;68!?4GG9D4AC746A2!;=55O!:89:C89?!;68! E4?9G:89C?!?4GG9D4AC746AN!;=55O!:89:C89?!;68!54D479?!?4GG9D4AC746AN!CA?!A67!89C?O!;68!?4GG9D4AC746AH!386B8CDG!C89! >8474>C55O!C::8C4G9?!CBC4AG7!7<9!;6556E4AB!Y!>847984C!76!?9798D4A9!47G!59@95!6;!9@4?9A>92!8CA?6D4T9?!>6A786559?!784C5GN! 89:54>C746A!E47<!?4;;989A7!:6:=5C746A!CA?!>6A79e7GN!;6>=G!6A!G6>4C55O!4D:687CA7!F9<C@468!6=7>6D9GN!4?9A74;4>C746A!6;! 9@4?9A>9!6;!9A?=84AB!9;;9>7GN!CA?!?4GG9D4AC746A!>C:C>47OH!R=87<98N!:86B8CDG!C89!CGG9GG9?!CBC4AG7!h!4A?4>C768G!76! ?9798D4A9!59@95G!6;!89C?4A9GG!;68!?4GG9D4AC746AN!4A>5=?4AB!4A;68DC746A!6A!78C4A4AB!CA?!895C79?!G=::687!DC7984C5GN! 79><A4>C5!CGG4G7CA>9!G=::687N!4A;68DC746AC5!DC7984C5GN!CA?!g=C547O!>6A7865!;68!4D:59D9A7C746AH!%<9!0U3!I<C7!I68QG! #9:6G4768O!9ACF59G!=G!76!?9798D4A9!F67<!7<9!4A798AC5!CA?!9e798AC5!@C54?47O!6;!7<9!4A>5=?9?!G7=?49GH!!

K&%&!&,&'(.$.!

3


I9!?9>4?9?!7<9!D97<6?!76!>6A?=>7!D97CPCAC5OG4G!Jg=CA747C74@9L!76!:86?=>9!9G74DC79G!6;!7<9!9;;9>74@9A9GG!6;!7<9! 7C8B97!:86B8CDG!E6=5?!F9!76!CAC5OT9!?C7C!FCG9?!6A!7<9!g=C547O!6;!7<9!G7=?49G!;86D!>8474>C5!C::8C4GC5!CA?!A=DF98G!6;! G7=?49G!CG!;6556EG2!!4;!7<9!4A>5=?9?!G7=?49G!C89!8CAQ9?!CG!b:86D4G4ABc!CA?!CF6@9!FCG9?!6A!%<9!0U3!I<C7!I68QG! #9:6G4768O!CA?!7<989!C89!C7!59CG7!7E6!G7=?49G!;68!9C><!4A798@9A746A!E47<!<6D6B9A947O!4A!G7=?O!?9G4BAN!G7=?O! ?=8C746AN!6=7>6D9!D9CG=89GN!:6:=5C746A!G4T9GN!CA?!74D9;8CD9H!07<98E4G9N!E9!E455!C::5O!C!AC88C74@9!C::86C><! Jg=C547C74@9LH!

V#).+'%.! .%+K(!"/&#&"%)#$.%$".! R4B=89!]!4A?4>C79G!7<9!:86>9GG!6;!<6E!4A>5=?9?!G7=?49G!E989!6F7C4A9?N!C::5O4AB!7<9!79D:5C79!6;!;56E!?4CB8CD! 89>6DD9A?9?!FO!3#$.1&!G7C79D9A7!J<77:2ddEEEH:84GDCPG7C79D9A7H68BdG7C79D9A7H<7DLH!%<899!G7=?49G!9@C5=C74AB! 7<9!.0.!:86B8CD!J&G9574A9N!XZZ`\!&G9574A9!^!K91C874A6N!XZZh\!&G9574A9N!UCD9GN!.><4554ABN!^!-5CA6@GQON!XZZaL!CA?!]! G7=?O!9@C5=C74AB!7<9!(9556E!#4FF6A!:86B8CD!JR899?9A7<C5N!XZ]ZL!E989!954B4F59!;68!4A>5=G46A!;68!7<4G!89:687H!%E6! GOG79DC74>!89@49EG!E989!4?9A74;49?!76!4A>5=?9!6A9!JJ1H!KH!"=G4DCA6!^!.CD99DN!XZ]]FL!68!7E6!G7=?49G!J1CAAN!&:798N! S98765679N!S9C=78C4GN!"=88498N!/CCGN!/9B985N!'6AAg@4G7N!1C56A9N!1C8=G4>N!19<5=DN!3C776AN!3<4554:GN!#=7TN!#4<D98N! .><D4?7Q9N!.<C;;98N!.45@98DCAN!%CQC<CG<4N!*C8A4QN!ICGG98DCAN!(4:N!^!/9A?4AN!XZZYFL!4A@9G74BC74AB!7<9!9;;9>74@9A9GG! 6;!7<9!.0.!:86B8CDH!/6E9@98N!A947<98!89@49EG!CAC5OT9?!7<9!6@98C55!g=C547O!6;!9@4?9A>9!6;!9;;9>74@9A9GG!6;!7<9! 4A>5=?9?!G7=?49GN!7<989;689!Q99:4AB!=AQA6EA!7<9!59@95!6;!9@4?9A>9!6;!F67<!G7=?49GH!,6!GOG79DC74>!89@49EG!<C@9!F99A! 56>C79?!G6!;C8!76!GOA7<9G4T9!7<9!9@4?9A>9!6;!7<9!(9556E!#4FF6A!:86B8CDH!%<4G!;4A?4AB!4A?4>C79G!7<C7!47!4G!A9>9GGC8O!76! >6A?=>7!C!GOG79DC74>!89@49E!7<C7!>8474>C55O!6FG98@9G!7<9!7E6!7C8B97!:86B8CDG!4A!68?98!76!W=G74;O!7<948!E4?9! ?4GG9D4AC746A!4A!G><665GH!

!

4


%CF59!]!G=DDC84T9G!7<9!><C8C>7984G74>G!6;!4A>5=?9?!G7=?49GH!0;!7<899!G7=?49G!9@C5=C74AB!7<9!.0.!:86B8CDN!7<989!C89! 7E6!#CA?6D4T9?!"6A786559?!%84C5!J#"%L!G7=?49G!J&G9574A9!^!K91C874A6N!XZZh\!&G9574A9!97!C5HN!XZZaL!9@C5=C74AB!7<9! 9;;9>74@9A9GG!6;!7<9!.0.!:86B8CD!CD6AB!<4B<!G><665!G7=?9A7G!4A!;4@9!CG:9>7G2!QA6E59?B9N!C7747=?9GN!<95:PG99Q4AB! F9<C@468GN!G=4>4?9!C779D:7G!CA?!G=4>4?9!4?9C746AH!0A9!G=8@9O!G7=?O!J&G9574A9N!XZZ`L!>6A?=>79?!7<9!:86>9GG! 9@C5=C746AN!G7=?9A7!<95:PG99Q4AB!F9<C@468GN!CA?!89:6879?!6A!7<9!:98G:9>74@9G!6;!G><665!G7C;;!6A!>6G7!CA?!F9A9;47G!6;! 7<9!:86B8CDH!&55!7<899!G7=?49G!C??89GG9?!6A5O!G<687!798D!4D:C>7!6;!7<9!:86B8CD!CA?!A6!;6556EP=:!?C7C!E989! >6559>79?H!!%<9!6A5O!6A9!G7=?O!JR899?9A7<C5N!XZ]ZL!6A!7<9!(9556E!#4FF6A!:86B8CD!4G!7<9!;48G7!9@98!G7=?O!4A!G><665! FCG9?!G=4>4?9!:89@9A746A!89G9C8><!76!!4A@9G74BC79!7<9!9;;9>74@9A9GG!6;!7<9!:86B8CD!6A!G7=?9A7Gi!<95:PG99Q4AB! F9<C@468GH!%<4G!G7=?O!C5G6!6A5O!6FG98@9?!7<9!G<687P798D!4D:C>7!6;!7<9!:86B8CDH! &57<6=B<!6A9!G7=?O!J&G9574A9N!XZZ`L!?9D6AG78C79?!:C874>4:CA7Gi!6:4A46AG!6A!>6G7!CA?!F9A9;47G!6;!7<9!.0.!:86B8CDN! A6!G:9>4;4>!>6G7P9;;9>74@9A9GG!G7=?49G!<C@9!F99A!>6A?=>79?!6A!7<9!.0.!:86B8CD!68!7<9!(9556E!#4FF6A!:86B8CDH!,6! G7=?49G!<C@9!F99A!>6A?=>79?!76!C??89GG!E<97<98!7<9G9!7E6!:86B8CDG!E455!>C=G9!<C8D;=5!68!A9BC74@9!9;;9>7GH!%<989! C89!A6!89:687G!89BC8?4AB!>6G7!9;;9>74@9A9GGH!!&55!;6=8!G7=?49G!E989!>C8849?!6=7!4A!7<9!+.H!!

3#0-#&1!)RR)"%$*),)..!! %E6!#"%!G7=?49G!J&G9574A9!^!K91C874A6N!XZZh\!&G9574A9!97!C5HN!XZZaL!6A!7<9!.0.!:86B8CD!C::549?!G4D45C8!D9CG=89G!;68! :86B8CD!9;;9>74@9A9GGH!%<9!7<48?!G7=?O!J&G9574A9N!XZZ`L!6A!7<9!.0.!:86B8CD!4G!C!:86>9GG!9@C5=C746A!G=8@9O!CG!E955!CG! CA!9@C5=C746A!6;!G95;P89:6879?!<95:PG99Q4AB!F9<C@468GH!&55!7<899!G7=?49G!C::549?!D9CG=89D9A7!7665G!G:9>4;4>C55O! ?9@956:9?!;68!7<9!7C8B97!4A798@9A746A!CA?!7<9!8954CF4547O!CA?!@C54?47O!6;!7<9!D9CG=89D9A7!7665!E989!=AQA6EA!9e>9:7! 7<9!7E6!#"%!G7=?49G!89:6879?!7<9!4A798AC5!>6AG4G79A>O!J"86AFC><!jkHahL!6;!7<9!C7747=?9!D9CG=89D9A7!7665!J&G9574A9! ^!K91C874A6N!XZZh\!&G9574A9!97!C5HN!XZZaLH!%<9!G7=?O!6A!7<9!(9556E!#4FF6A!?4?!A67!89:687!7<9!8954CF4547O!CA?!@C54?47O!6;! 47G!D9CG=89D9A7!7665!947<98H! 14e9?!89G=57G!E989!89:6879?!C>86GG!7<9!;6=8!G7=?49GH!%CF59!X!4G!C!G=DDC8O!6;!89G=57G!6;!4A>5=?9?!G7=?49GH!S67<!7<9! #"%!G7=?49G!J&G9574A9!^!K91C874A6N!XZZh\!&G9574A9!97!C5HN!XZZaL!4A?4>C79?!7<C7!7<9!.0.!:86B8CD!ECG!9;;9>74@9!4A! 4A>89CG4AB!G7=?9A7!QA6E59?B9!6;!CA?!C7747=?9G!76EC8?G!?9:89GG46A!CA?!G=4>4?9!CA?!89?=>9?!G95;P89:6879?!G=4>4?9! C779D:7G!CD6AB!G7=?9A7G!J%CF59!XN!:lHZYLH!!!,6!9;;9>7!G4T9G!E989!89:6879?H!!/6E9@98N!7<9!.0.!:86B8CD!?4?Ai7!G<6E! 4D:C>7!6A!G7=?9A7!<95:PG99Q4AB!F9<C@468G!4A!947<98!G7=?O!CA?!4A!6A9!G7=?O!J&G9574A9!^!K91C874A6N!XZZhL!7<C7!;=87<98! D9CG=89?!G=4>4?C5!4?9C746AN!7<9!.0.!:86B8CD!?4?Ai7!?9>89CG9!G=4>4?9!7<6=B<7G!CD6AB!G7=?9A7GN!DCQ4AB!7<9!CF6@9! G95;P89:6879?!4D:C>7!6A!G=4>4?9!C779D:7G!?4;;4>=57!76!=A?98G7CA?H!!$A!7<9!G=8@9O!G7=?O!J&G9574A9N!XZZ`LN!C57<6=B<!47! 89:6879?!C!A9C85O!_Zm!4A>89CG9!6;!G95;P89:6879?!G7=?9A7!<95:PG99Q4AB!F9<C@468GN!47!89DC4A9?!=AQA6EA!E<97<98!7<4G! 4A>89CG9!ECG!G7C74G74>C55O!G4BA4;4>CA7!68!>6=5?!<C@9!F99A!6F7C4A9?!;86D!67<98!D97<6?G!6;!:86@4?4AB!4A;68DC746A!76! G7=?9A7GH!%<4G!G7=?O!;=87<98!4A?4>C79?!7<C7!79C><98G!8C79?!7<9!.0.!:86B8CD!CG!947<98!@98O!68!G6D9E<C7!9;;9>74@9N!CA?! D6G7!79C><98G!Jn]mL!?4?!A67!7<4AQ!7<9!:86B8CD!E455!<C@9!C?@98G9!9;;9>7GH!!,6!6FW9>74@9!D9CG=89G!6;!7<9G9!?6DC4AG! E989!:86@4?9?H!!! %<9!G7=?O!6A!7<9!(9556E!#4FF6A!:86B8CD!JR899?9A7<C5N!XZ]ZL!>6559>79?!?C7C!;86D!F67<!G><665!G7C;;!CA?!G7=?9A7GH! .><665!G7C;;!?C7C!G<6E9?!7<C7!7<989!ECG!C!G7C74G74>C55O!G4BA4;4>CA7!?9>89CG9!6;!G7=?9A7!?4G>56G9?!G=4>4?9!C779D:7G! J:lHZZ]L!CA?!7<6=B<7G!J:lHZYLH!/6E9@98N!G7=?9A7!?C7C!G<6E9?!7<C7!G7=?9A7!<95:PG99Q4AB!F9<C@468G!?9>89CG9?! G4BA4;4>CA75O!J:l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

"#$%$"&'!&33#&$.&'!0R!$,"'+K)K!.%+K$).! %E6!G7=?49G!J&G9574A9!^!K91C874A6N!XZZh\!&G9574A9!97!C5HN!XZZaL!E989!8CAQ9?!CG!<C@4AB!b4A>6A>5=G4@9!9@4?9A>9c!FCG9?! 6A!7<9!0U3!I<C7!I68QG!#9:6G4768ON!4A?4>C74AB!7<9!.0.!:86B8CDG!E47<!9e:984D9A7C5!68!g=CG4P9e:984D9A7C5!?9G4BAG! 5C>Q!G=G7C4A9?!9;;9>7GH!0A9!G7=?O!6A!.0.!J&G9574A9N!XZZ`L!ECG!8CAQ9?!CG!<C@4AB!b4AG=;;4>49A7!9@4?9A>9c!G4A>9!47!4G!C! :=895O!?9G>84:74@9!9@C5=C746AH!&A?!6A9!G7=?O!JR899?9A7<C5N!XZ]ZL!6A!(9556E!#4FF6A!ECG!8CAQ9?!CG!b4A9;;9>74@9c!J&! :86B8CD!E47<!CA!9e:984D9A7C5!68!g=CG4P9e:984D9A7C5!89G9C8><!?9G4BA!7<C7!4A!CA!4A474C5!G7=?O!CA?!C7!59CG7!6A9!

5


89:54>C746A!;C459?!76!?9D6AG78C79!C!G4BA4;4>CA7!9;;9>7LH!,6A9!6;!7<9!G7=?49G!89C><9?!76!7<9!59@95!6;!b:86D4G4ABcN!>=7P6;;! >847984C!;68!7<9!89C?4A9GG!6;!:86B8CD!?4GG9D4AC746AH!%<9!g=C547O!6;!9@4?9A>9!6;!7<9!4A798AC5!@C54?47O!6;!7<9G9!G7=?49G! E989!=A?98D4A9?!FO!C!A=DF98!6;!D97<6?656B4>C5!4GG=9GN!G=><!CG!7<9!5C>Q!6;!G=G7C4A9?!9;;9>7GN!5C>Q!6;!C7!59CG7!6A9! 9e798AC5!89:54>C746AN!5C>Q!6;!4A?9:9A?9A7!89:54>C746AN!5C>Q!6;!G7C74G74>C5!G4BA4;4>CA>9!J9;;9>7!G4T9G!68!6??G!8C746GL!N!5C>Q! 6;!@C54?47O!CA?!8954CF4547O!6;!7<9!D9CG=89D9A7!7665G!=G9?N!8CA?6D4TC746A!4A!6A5O!<C5;!6;!7<9!G7=?49GN!4A;68DC746A!CF6=7! 4A79A746AP76P789C7!4A!6A5O!<C5;!6;!7<9!G7=?49GN!5C>Q!6;!4A;68DC746A!CF6=7!>6G7PF9A9;47G!CA?!4A;68DC746A!CF6=7!:86B8CD! GC;97OH!!!! ,947<98!7<9!.0.!:86B8CD!A68!7<9!(9556E!#4FF6A!:86B8CD!E989!>6AG4?989?!89C?O!;68!?4GG9D4AC746A!E<9A!CGG9GG4AB! 7<9!4A;68DC746A!:86@4?9?!4A!7<9!h!4A>5=?9?!G7=?49G!CBC4AG7!7<9!>847984C!G97!FO!7<9!0U3!I<C7!I68QG!#9:6G4768O!76! ?9798D4A9!59@95G!6;!89C?4A9GG!;68!?4GG9D4AC746AH!&::9A?4e!XN!`N!h!CA?!Y!:86@4?9!?97C459?!g=C547O!CGG9GGD9A7! 4A;68DC746A!CF6=7!7<9!4A>5=?9?!G7=?49GH!!!!! K=9!76!7<9!895C74@95O!56E!59@95!6;!9@4?9A>9!6;!9;;9>74@9A9GG!6;!C55!4A>5=?9?!h!G7=?49GN!CA?!@C8497O!6;!G7=?O!?9G4BA!J#"%! CA?!?9G>84:74@9!9@C5=C746ALN!@C84CF4547O!CA?!5C>Q!6;!@C54?C746A!6;!D9CG=89D9A7!7665GN!4AG=;;4>49A7!A=DF98!6;!G7=?49G! J7<9!(9556E!#4FF6A!386B8CDLN!47!4G!4AC::86:84C79!76!>6A?=>7!C!D97CPCAC5OG4G!7<C7!>6DF4A9!7<9!89G=57G!6;!4A>5=?9?! G7=?49G!76!:86?=>9!B9A98C5!9G74DC79G!6;!7<9!9;;9>74@9A9GG!6;!7<9!7E6!7C8B97!:86B8CDGH!%<989;689N!E9!:86@4?9!C! AC88C74@9!CAC5OG4G!6;!89G=57G!7<C7!4A;68DG!6=8!>6A>5=G46AG!

VK$."+..$0,! I9!C::549?!GOG79DC74>!CA?!D97<6?656B4>C55O!>59C8!>847984C!76!G9C8><!;68!8959@CA7!G7=?49G!6A!7<9!.0.!CA?!7<9!(9556E! #4FF6A!:86B8CD!CA?!E9!C89!>6A;4?9A7!7<9!h!4A>5=?9?!G7=?49G!C89!7<9!9e<C=G79?!54G7!6;!895C79?!G7=?49G!CG!89:6879?!4A! 7<9!54798C7=89H!%<9!;4A?4ABG!7<C7!.0.!:86B8CD!4G!9;;9>74@9!4A!4D:86@4AB!QA6E59?B9!6;!CA?!C7747=?9G!76EC8?G!G=4>4?9! CA?!?9:89GG46A!C89!>6AG4G79A7!E47<!67<98!G4D45C8!G7=?49G!9@C5=C74AB!@C846=G!7O:9G!6;!G><665!68!>6DD=A47O!FCG9?! =A4@98GC5!G=4>4?9!:89@9A746A!:86B8CD!4A!><45?89A!CA?!C?659G>9A7G!J1H!KH!"=G4DCA6!^!.CD99DN!XZ]]F\!-6=5?N! -899AF98BN!*9574ABN!^!.<C;;98N!XZZ`\!1CAAN!&:798N!S98765679N!S9C=78C4GN!"=88498N!/CCGN!/9B985N!'6AAg@4G7N!1C56A9N! 1C8=G4>N!19<5=DN!3C776AN!3<4554:GN!#=7TN!#4<D98N!.><D4?7Q9N!.<C;;98N!.45@98DCAN!%CQC<CG<4N!*C8A4QN!ICGG98DCAN!(4:N! ^!/9A?4AN!XZZYC\!3569B!97!C5HN!][[_\!@CA!97!C5HN!XZ]]\!(68Q!97!C5HN!XZ]`L!CA?!C89!A67!=A4g=9!76!7<9!.0.!:86B8CDH!! R=87<98D689N!47!4G!=AQA6EA!4;!7<9!.0.!68!(9556E!#4FF6A!:86B8CD!>6A784F=746AG!76!4D:86@9?!QA6E59?B9!CA?!C7747=?9G! C89!G4BA4;4>CA75O!B89C798!7<CAN!9g=C5!76!68!59GG!7<CA!78C?4746AC5!9?=>C746AC5!4A798@9A746AG!G=><!CG!9DF9??4AB! 4A;68DC746A!CF6=7!?9:89GG46A!CA?!G=4>4?9!4A!=G=C5!G><665!>=884>=5=DH!!%<4G!4A;68DC746A!4G!9GG9A74C5!;68!9?=>C768G!CA?! G><665!C?D4A4G78C768GN!;68!4;!G4D45C8!89G=57G!>CA!F9!6F7C4A9?!E47<6=7!7<9!:=8><CG9!6;!>6G75O!C??P6A!:86B8CDGN!7<989! DCO!F9!59GG!4A7989G7!4A!=G4AB!947<98!:86B8CD!4A!7<9!G><665!G9774ABH! I<459!4D:86@9D9A7G!4A!QA6E59?B9!CA?!C7747=?9G!C89!=G9;=5N!A6A9!6;!7<9!;6=8!4A>5=?9?!G7=?49G!G<6E9?!G4BA4;4>CA7! 4A>89CG9!6;!<95:PG99Q4AB!F9<C@468G!CD6AB!:C874>4:CA7GH!%<4G!C??G!>6A;=G46A!76!7<9!9e4G74AB!>6A;54>74AB!9@4?9A>9!6A! 7<9!9;;9>74@9A9GG!6;!=A4@98GC5!G=4>4?9!:89@9A746A!:86B8CDG!;68!7<4G!6=7>6D9!4A!G><665GH!R68!4AG7CA>9N!C!89@49E!6;! O6=7<!G=4>4?9!84GQ!CA?!:89@9A74@9!4A798@9A746AG!J-6=5?!97!C5HN!XZZ`L!?9D6AG78C79G!>6A;54>74AB!9@4?9A>9!;68!<95:P G99Q4AB!F9<C@468GN!CA?!>5C4DG!7<C7!4D:86@9D9A7!4A!QA6E59?B9!CA?!C7747=?9G!DCO!A67!A9>9GGC845O!9A<CA>9!<95:P G99Q4AB!F9<C@468GH!&A67<98!89@49E!J1CAAN!&:798N!S98765679N!S9C=78C4GN!"=88498N!/CCGN!/9B985N!'6AAg@4G7N!1C56A9N! 1C8=G4>N!19<5=DN!3C776AN!3<4554:GN!#=7TN!#4<D98N!.><D4?7Q9N!.<C;;98N!.45@98DCAN!%CQC<CG<4N!*C8A4QN!ICGG98DCAN!(4:N! ^!/9A?4AN!XZZYCL!;=87<98!G789GG9G!7<C7!:=F54>!9?=>C746A!CA?!CEC89A9GG!:86B8CD!?9D6AG78C79G!A6!?979>7CF59!9;;9>7G! 6A!789C7D9A7!G99Q4ABH!$7!4G!7<=G!=A54Q95O!7<C7!947<98!:86B8CD!DCO!<C@9!CA!4D:C>7!6A!:89@9A746A!6;!G=4>4?9!4;!7<9G9! 4A798@9A746AG!?6!A67!F84AB!O6=AB!:96:59!4A76!789C7D9A7!J-6=5?!97!C5HN!XZZ`\!1CAAN!&:798N!S98765679N!S9C=78C4GN! "=88498N!/CCGN!/9B985N!'6AAg@4G7N!1C56A9N!1C8=G4>N!19<5=DN!3C776AN!3<4554:GN!#=7TN!#4<D98N!.><D4?7Q9N!.<C;;98N! .45@98DCAN!%CQC<CG<4N!*C8A4QN!ICGG98DCAN!(4:N!^!/9A?4AN!XZZYCLH!I9!C5G6!89>6BA4T9!7<C7!<95:PG994AB!F9<C@468!4G!C! :86eO!D9CG=89!;68!>6D:5979?!G=4>4?9!CA?!7<C7!9@9A!E47<!G=FG7CA74@9!><CAB9G!4A!8C79G!6;!<95:!G99Q4AB!F9<C@468!7<989! DCO!F9!A6!:6G474@9!4D:C>7!6A!G=4>4?9!8C79GH!!/6E9@98N!E47<6=7!G=FG7CA74@9!9@4?9A>9!7<C7!7<9G9!:86B8CDG!<C@9!C! 86F=G7!4D:C>7!6A!4A>89CG4AB!<95:!G99Q4AB!F9<C@468!E9!C89!A67!9@9A!CF59!76!G=BB9G7!7<C7!7<9O!D4B<7!<C@9!CA!4D:C>7! 6A!G=4>4?9!:89@9A746AN!597!C56A9!7<C7!7<9O!C89!G=4>4?9!:89@9A746A!:86B8CDGH!!! .4D45C85ON!7<9!895C746AG<4:!6;!67<98!:86eO!D9CG=89GN!G=><!CG!G95;P89:687G!6;!G=4>4?9!895C79?!4?9C746A!68!G=4>4?9! C779D:7GN!76!G=4>4?9!F9<C@468GdC>7G!4G!A67!86F=G7H!!):4?9D4656B4>C5!?C7C!?9D6AG78C79G!@98O!<4B<!8C79G!6;!G95;P89:6879?! G=4>4?9!4?9C746A!CA?!G4BA4;4>CA75O!<4B<!8C79G!6;!G=4>4?9!C779D:7G!F=7!@98O!56E!8C79G!6;!>6D:5979?!G=4>4?9!

6


J<77:2ddEEEH>?>HB6@d@4659A>9:89@9A746Ad:?;d.=4>4?9oKC7C.<997PCH:?;LH!%<=G!9@9A!G4BA4;4>CA7!><CAB9G!4A!7<9G9! :86eO!D9CG=89G!DCO!<C@9!547759!68!A6!4D:C>7!6A!7<9!6=7>6D9!6;!4A7989G7!p!>6D:5979?!G=4>4?9H! -4@9A!7<4G!>6A79e7!7<9!4D:C>7!6;!?9>89CG9G!4A!G95;P89:6879?!G=4>4?9!C779D:7G!J&G9574A9!^!K91C874A6N!XZZh\!&G9574A9!97! C5HN!XZZaL!CA?!4?9C746A!J&G9574A9!^!K91C874A6N!XZZhL!6A!>6D:5979?!G=4>4?9!DCO!F9!D4A4DC5!4;!CAOH!!&??4746AC55ON!CA?! 6;!>6A>98AN!7<9G9!;4A?4ABG!<C@9!A67!F99A!89:54>C79?!FO!67<98!89G9C8><98GN!C5F947!9@C5=C74AB!?4;;989A7!4A798@9A746AGH!! $AG79C?N!A=D986=G!G7=?49G!CA?!GOG79DC74>!89@49EGdD97CPCAC5OG4G!<C@9!>6A>5=?9?!7<C7!7<989!4G!C!5C>Q!6;!9@4?9A>9!7<C7! =A4@98GC5!G=4>4?9!:89@9A746A!:86B8CDGd4A798@9A746AG!C89!CF59!76!?9>89CG9!G=4>4?9!C779D:7G!68!4?9C746A!J1CAAN!&:798N! S98765679N!S9C=78C4GN!"=88498N!/CCGN!/9B985N!'6AAg@4G7N!1C56A9N!1C8=G4>N!19<5=DN!3C776AN!3<4554:GN!#=7TN!#4<D98N! .><D4?7Q9N!.<C;;98N!.45@98DCAN!%CQC<CG<4N!*C8A4QN!ICGG98DCAN!(4:N!^!/9A?4AN!XZZYC\!3569B!97!C5HN!][[_\!#6F4AG6AN! /9784>QN!^!1C874AN!XZ]]\!(68Q!97!C5HN!XZ]`LH!$7!4G!=A>59C8!CG!76!E<C7!895C746AG<4:!4;!CAO!7<9!C=7<68G!6;!7<9!.0.! 4A798@9A746A!G7=?49G!<C@9!76!7<9!?9@956:98G!68!:=8@9O68G!6;!7<9!.0.!:86B8CDH!#9BC8?59GG!6;!7<C7!895C746AG<4:N!7<989! 4G!C!5C>Q!6;!>6D:C8C74@9!?C7C!>C8849?!6=7!FO!4A@9G74BC768G!4A?9:9A?9A7!6;!7<9!9e4G74AB!.0.!CA?!(9556E!#4FF6A! 89G9C8><98GH!%<9!4A>6AG4G79A>O!6;!;4A?4ABG!F97E99A!7<9!G7=?49G!6A!7<9G9!:86B8CDG!CA?!7<9!67<98!G7=?49G!6A!G4D45C8! 7O:9G!6;!:86B8CDGd4A798@9A746AG!EC88CA7G!;=87<98!4AP?9:7<!4A@9G74BC746A!4A!F67<!89G9C8><!CA?!:8C>74>9H!! ,6A9!6;!7<9!;6=8!4A>5=?9?!G7=?49G!>6A?=>79?!C!7<686=B<!CAC5OG4G!6A!E<97<98!7<9!7E6!7C8B97!:86B8CDG!>6=5?!>C=G9! <C8D;=5!68!A9BC74@9!9;;9>7G!9e>9:7!6A9!D97<6?656B4>C55O!E9CQ!G7=?O!J&G9574A9N!XZZ`L!E<4><!89:6879?!7<C7!D6G7! 79C><98G!?4?!A67!;995!7<9!.0.!:86B8CD!E6=5?!>C=G9!<C8D!76!G7=?9A7GH!$A!C??4746A!76!F94AB!A6AP6FW9>74@9!CA?!<4B<5O! G9AG474@9!76!>6A;48DC746A!F4CGN!7<4G!89G=57!8C4G9G!89?!;5CBG!9G:9>4C55O!E<9A!7<989!4G!CF=A?CA7!89G9C8><!G<6E4AB! CEC89A9GG!CA?!9?=>C746A!DCO!<C@9!?9784D9A7C5!9;;9>7G!CA?!G9846=G!A9BC74@9!>6AG9g=9A>9GN!:C874>=5C85O!CD6AB! ><45?89A!CA?!C?659G>9A7G!J1H!KH!"=G4DCA6!^!.CD99DN!XZ]]C\!-6=5?!97!C5HN!XZZ`\!3569B!97!C5HN!][[_\!@CA!97!C5HN!XZ]]LH! %<4G!4A>5=?9G!D689!<6:959GGA9GG!CA?!DC5C?C:74@9!>6:4AB!G78C79B49G!;6556E4AB!7<9!4A798@9A746A!JMC5C;C7N!UHN!)54CGN!1HN! ][[hL\!D689!A9BC74@9!89C>746AG!CD6AB!<4B<!84GQ!O6=7<!J.<C;;98N!KHN!*495CA?N!*HN!-C85CA?N!&HN!#6WCGN!1HN!+A?98E66?N! 11HN!S=GA98N!"HN!][[ZLN!CA?!A68DC54TC746A!6;!G=4>4?9!F9<C@468!=:6A!89>94@4AB!7<9!4A798@9A746A!JS9C=78C4G!97!C5HN! XZZaLH!.6D9!G7=?49G!4A?4>C79!7<C7!7<4G!4G!9G:9>4C55O!7<9!>CG9!CD6AB!DC59!:C874>4:CA7G!J'9G798N!][[X\!3569B!97!C5HN!][[_\! 36D:454!97!C5HN!XZ]ZLH! &??4746AC55ON!A6A9!6;!7<9!C@C45CF59!89G9C8><!<CG!9@C5=C79?!>6G7d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g=C547O!6;!9@4?9A>9!6;! 9;;9>74@9A9GGN!D9CA4AB!7<989!C89!G4BA4;4>CA7!D97<6?656B4>C5!4GG=9G!9DF9??9?!4A!7<9!G7=?49G!7<C7!:89@9A7!=G!;86D! F94AB!>6A;4?9A7!4A!7<948!>6A>5=G46AG!CA?!4A!89>6DD9A?4AB!7<9!:86B8CDG!;68!4D:59D9A7C746A!4A!7<9!G><665!G9774ABH!0;! :C874>=5C8!>6A>98A!4G!7<C7!A6A9!6;!7<9!;6=8!G7=?49G!?9D6AG78C79!56ABP798D!4D:C>7!6;!7<9!4A798@9A746A!68!G=>>9GG;=5! 9e798AC5N!4A?9:9A?9A7!89:54>C746AH!R=87<98D689N!C55!;6=8!G7=?49G!C::549?!G95;P89:687!g=9G746AAC489G!E47<6=7! 9G7CF54G<9?!8954CF4547O!CA?!@C54?47O!6;!7<9!D9CG=89D9A7!7665GH!%<4G!4G!9G:9>4C55O!:86F59DC74>!E<9A!=G4AB!G95;P89:687!76! 9@C5=C79!G=4>4?9!C779D:7G!68!4?9C746A!F9>C=G9!6;!:C874>4:CA7Gi!79A?9A>O!76!><66G9!G6>4C55O!?9G48CF59!CAGE98G!68!b;CQ9! B66?c!89G:6AG9GH!!%<9!?4;;989A>9!4A!;4A?4ABG!895C79?!76!G95;P89:687G!6;!G=4>4?9!4?9C746A!CA?!G=4>4?9!C779D:7G!>CA!F9! G4D:5O!7<9!89G=57!6;!7<4G!F4CGN!CA!9eCD:59!6;!7<9!/CE7<68A9!9;;9>7!J1>"C8A9O!97!C5HN!XZZaLH!!&7!7<9!@98O!59CG7N!G7=?49G! 6;!4A798@9A746AG!:=8:6874AB!76!:89@9A7!G=4>4?9!D=G7!=G9!6=7>6D9!D9CG=89G!4A?9:9A?9A7!6;!G95;P89:687!6;!G=4>4?9! 4?9C746A!CA?!G=4>4?9!C779D:7GH!!&A67<98!G4BA4;4>CA7!D97<6?656B4>C5!54D47C746A!4G!7<C7!7<9!;C45=89!76!>6559>7!FCG954A9! :89P4A798@9A746A!?C7C!4A!7<9!7E6!#"%!G7=?49G!DCO!89G=57!4A!F4CG!6;!89G9C8><!;4A?4ABG!>C=G9?!FO!7<9!G4BA4;4>CA7! ?4;;989A>9G!F97E99A!7<9!9e:984D9A7C5!CA?!>6A7865!B86=:!C7!FCG954A9H!$A!C??4746AN!C55!;6=8!G7=?49G!E989!>6A?=>79?!4A! +.!G><665!G9774ABGN!CA?!47!89DC4AG!=AQA6EA!E<97<98!7<9!;4A?4ABG!>CA!F9!B9A98C54T9?!76!G9774ABG!6=7G4?9!6;!7<9!+.H!! R4AC55ON!7<9!>6A>5=G46AG!6;!7<9!G7=?O!C=7<68G!7<C7!947<98!6;!7<9!:86B8CDG!4G!CA!9;;9>74@9!G=4>4?9!:89@9A746A!G78C79BO!4G! W=G7!:86F59DC74>H!!,6!G7=?O!?9D6AG78C79?!C!G4BA4;4>CA7!?9>89CG9!4A!C>7=C5!G=4>4?9!8C79G!895C79?!76!7<9!4D:59D9A7C746A! 6;!947<98!:86B8CDH!!&7!F9G7N!=AP@C54?C79?!:86eO!D9CG=89G!;68!>6D:5979?!G=4>4?9!JG=><!CG!G95;P89:687!6;!G=4>4?9! 4?9C746A!CA?!G=4>4?9!C779D:7GL!E989!=G9?H!%<9!895C746AG<4:!6;!><CAB9G!4A!7<9G9!:C8CD9798G!J9@9A!4;!A67!7<9!89G=57!6;! C7784F=746AC5!68!>6A;48DC746A!F4CGL!76!C>7=C5!?9>89CG9G!4A!G=4>4?9!8C79G!<CG!A9@98!F99A!?9D6AG78C79?!CA?!4G!

7


G7C74G74>C55O!=A54Q95O!76!F9!86F=G7H!!%<=G!7<9!DC8Q974AB!6;!7<9G9!:86B8CDG!CG!=A4@98GC5!O6=7<!G=4>4?9!:89@9A746A! :86B8CDG!4G!C7!F9G7!g=9G746ACF59H!

'$1$%&%$0,.! %<9G9!>6AG4?98C746AG!A67E47<G7CA?4ABN!7<989!C89!C!A=DF98!6;!54D47C746AG!76!6=8!G7=?OH!I9!E989!=ACF59!76!>6A?=>7! D97CPCAC5OG4G!76!B9A98C79!9;;9>7!G4T9G!6;!F67<!7<9!.0.!:86B8CD!CA?!7<9!(9556E!#4FF6A!:86B8CD!F9>C=G9!6;! 4AG=;;4>49A7!A=DF98!6;!4A>5=?9?!G7=?49G!CA?!:668!g=C547O!6;!7<9!G7=?49GH!%<989;689!E9!6A5O!?4?!C!AC88C74@9!GOA7<9G4G! 6;!7<9!9@4?9A>9H!I9!6A5O!G9C8><9?!7<9!C>C?9D4>!?C7CFCG9G!;68!?C7C!>6559>746A!CA?!?4?!A67!4A>5=?9!B89O!54798C7=89N! CA?!7<989!DCO!F9!4A;68DC746A!D4GG4AB!;86D!=A:=F54G<9?!?C7CH!!

$13'$"&%$0,!R0#!3#&"%$")!&,K!#).)&#"/! %<9!.0.!:86B8CD!4G!7<9!6A5O!G><665PFCG9?!G=4>4?9!:89@9A746A!:86B8CD!54G79?!6A!7<9!.=FG7CA>9!&F=G9!CA?!19A7C5! /9C57<!.98@4>9G!&?D4A4G78C746AiG!,C746AC5!#9B4G78O!6;!)@4?9A>9PFCG9?!386B8CDG!CA?!38C>74>9G!7<C7!C??89GG9G!G=4>4?9! 84GQ!CA?!?9:89GG46AN!CA?!89?=>9G!G=4>4?9!C779D:7GH!!%<4G!4A;68DC746A!CG!E955!CG!<4B<5O!G959>74@9!DC8Q974AB!:86D6746A! ?84@9A!C?@9874G4AB!4G!=G9?!76!bG955c!7<9!:86B8CD!CA?!@C846=G!78C4A4AB!4A798@9A746AG!76!9?=>C768G!CA?!G><665! C?D4A4G78C768G!J;68!9eCD:592!<77:2ddEEEHD9A7C5<9C57<G>899A4ABH68Bd:86B8CDGdO6=7<P:89@9A746AP:86B8CDGdG6Gd\!! C>>9GG9?!&:845!XYN!XZ]`L!%<9!(9556E!#4FF6A!:86B8CD!4G!54G79?!6A!7<9!S9G7!38C>74>9G!#9B4G78O!6;!,C746AC5!.=4>4?9! 389@9A746A!#9G6=8>9!"9A798!4A!+.!CA?!4G!DC8Q979?!76!9?=>C768G!CA?!G><665G!CG!C!F9G7!:8C>74>9!G=4>4?9!:89@9A746A! :86B8CD!J<77:2ddEEEHO9556E84FF6AH68Bd\!C>>9GG9?!&:845!XYN!XZ]`LH!!$A!"CAC?C!47!4G!DC8Q979?!FO!7<9!'4B<7!;68!'4;9! R6=A?C746A!E<4><!C?@9874G9G!7<C7!7<9!(9556E!#4FF6A!386B8CD!;6556EG!"CAC?4CA!,C746AC5!.=4>4?9!389@9A746A!.78C79BO! J<77:2ddEEEHO9556E84FF6AH>CdBC79Q99:98H<7D5LH!S67<!:86B8CDG!C89!C?6:79?!CA?!4D:59D9A79?!FO!G><665G!C>86GG! ,687<!&D984>C!;68!7<9!:=8:6G9G!6;!G=4>4?9!:89@9A746AH!(97N!A947<98!:86B8CD!<CG!?9D6AG78C79?!7<C7!47!:89@9A7G! G=4>4?9!68!7<C7!47!9;;9>74@95ON!GC;95O!CA?!>6G7P9;;9>74@95O!C??89GG9G!A=D986=G!67<98!CG:9>7G!6;!G95;P<C8D!F9<C@468GH! %<9!G789AB7<G!6;!7<9!:86D4G4AB!;4A?4ABG!;86D!7<9!4A>5=?9?!G7=?49G!C89!E9CQ9A9?!FO!C!B89C7!A=DF98!6;!4A<989A7! D97<6?656B4>C5!4GG=9GH!%<989;689N!D689!C?@CA>9?!89G9C8><N!9G:9>4C55O!E955P?9G4BA9?!#"%!G7=?49GN!4G!A99?9?!6A!7<9G9! 7E6!:86B8CDG!76!C??89GG!7<948!56ABP798D!4D:C>7!CA?!76!4A@9G74BC79!7<948!C::54>C746A!4A!G9774ABG!6=7G4?9!6;!+.H!1689! 8954CF59!CA?!@C54?C79?!D9CG=89D9A7!7665G!G<6=5?!F9!?9@956:9?!;68!6=7>6D9!9@C5=C746AN!9G:9>4C55O!;68!7<9!9@C5=C746A! 6;!G=4>4?9!C779D:7GN!G=4>4?9!4?9C746A!76!D474BC79!D9CG=89D9A7!F4CGH!R=87<98D689N!D9CG=89D9A7!6;!>6D:5979?! G=4>4?9G!G<6=5?!F9!>6AG4?989?!CG!7<9!86F=G7!D9CG=89!;68!7<9!9;;9>74@9A9GG!6;!G=4>4?9!:89@9A746A!:86B8CDG!;68!;=87<98! 89G9C8><H!! (6=7<!G=4>4?9!4G!C!>6D:59e!:<9A6D9A6A!CA?!47!G99DG!=A54Q95O!7<C7!6A9!G4AB59!4A798@9A746A!E455!7C>Q59!7<9!:86F59DH!$7! A99?G!C!>6D:89<9AG4@9!C::86C><!7<C7!4A@65@9G!@C846=G!?6DC4AG!CA?!?4;;989A7!7O:9G!6;!:89@9A746AGN!CA?!54AQG!7<9! G><665!E47<!;CD4549GN!7<9!E4?98!>6DD=A47ON!CA?!7<9!<9C57<!GOG79D!;68!F97798!6=7>6D9GH!"=889A7!89G9C8><!4A!G=4>4?9! :89@9A746A!76!C??89GG!G=4>4?9!C779D:7GN!G=4>4?9!4?9C746AN!CA?!>6D:5979?!G=4>4?9G!4A!><45?89A!CA?!O6=7<!4G!G7455! 9e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e:9AG4@9!4A798@9A746AG!G=><!CG! 9DF9??4AB!4A;68DC746A!CF6=7!?9:89GG46A!CA?!G=4>4?9!4A!89B=5C8!G><665!>=884>=5=DH!

! ! ! ! 8


V#9;989A>9G! &G9574A9N!#H!/HNU8H!JXZZ`LH!&A!9@C5=C746A!6;!C!G><665!FCG9?!G=4>4?9!:89@9A746A!:86B8CDH!&?659G>9A7!^!RCD45O!!/9C57<N! `JXLN!n]PnnH!! &G9574A9N!#H!/HNU8N!^!K91C874A6N!#H!JXZZhLH!&A!6=7>6D9!9@C5=C746A!6;!7<9!.0.!.=4>4?9!389@9A746A!386B8CDH!&D984>CA! U6=8AC5!6;!3=F54>!/9C57<N![hJ`LN!hh_PhY]H!! &G9574A9N!#H!/HNU8N!UCD9GN!&HN!.><4554ABN!)H!&HN!^!-5CA6@GQON!UH!JXZZaLH!)@C5=C74AB!7<9!.0.!G=4>4?9!:89@9A746A!:86B8CD2!C! 89:54>C746A!CA?!9e79AG46AH!S1"!3=F54>!/9C57<N!aN!]_]H!! S9C=78C4GN!&HN!R98B=GG6AN!KHN!"6BBCAN!"HN!"6554ABGN!"HN!K6=B<7ON!"HN!)554GN!3HN!97!C5H!JXZZaLH!);;9>74@9!G78C79B49G!;68!G=4>4?9! :89@9A746A!4A!,9E!q9C5CA?2!C!89@49E!6;!7<9!9@4?9A>9H!%<9!,9E!q9C5CA?!19?4>C5!U6=8AC5N!]XZJ]XY]LN!+XhY[H!! "CAC?4CA!"6=A>45!6A!'9C8A4ABH!JXZZ[LH!&!FC88498!76!59C8A4AB2!19A7C5!<9C57<!?4G68?98G!CD6AB!"CAC?4CA!O6=7<H! #97849@9?!UCA=C8OdXY7<N!XZ]ZN!;86D!<77:2ddEEEH>>5P >>CH>Cd""'d#9:687Gd'9GG6AG$A'9C8A4ABd'4A'XZZ[ZZh]Y19A7C5<9C57<SC88498H<7D!! "=G4DCA6N!1H!KHN!^!.CD99DN!1H!JXZ]]CLH!%<9!9;;9>74@9A9GG!6;!D4??59!CA?!<4B<!G><665PFCG9?!G=4>4?9!:89@9A746A! :86B8CDD9G!;68!C?659G>9A7G2!C!GOG79DC74>!89@49EH!$AW=8O!389@9A746A!2!U6=8AC5!6;!7<9!$A798AC746AC5!.6>497O!;68! "<45?!CA?!&?659G>9A7!$AW=8O!389@9A746AN!]aJ]LN!h`Ph[H!! "=G4DCA6N!1H!KHN!^!.CD99DN!1H!JXZ]]FLH!%<9!9;;9>74@9A9GG!6;!D4??59!CA?!<4B<!G><665PFCG9?!G=4>4?9!:89@9A746A! :86B8CDD9G!;68!C?659G>9A7G2!&!GOG79DC74>!89@49EH!$AW=8O!389@9A746AN!]aJ]LN!h`Ph[H!! RC8D98N!)H1HN!S=8AGN!SHUHN!3<4554:GN!.HKHN!&AB65?N!&HN!^!"6G79556N!)HUH!JXZZ`LH!3C7<ECOG!4A76!CA?!7<86=B<!D9A7C5!<9C57<! G98@4>9G!;68!><45?89A!CA?!C?659G>9A7GH!3GO><4C784>!.98@4>9GN!YhJ]LN!_ZP__H!! R68DCAN!.H-HN!054AN!.H.HN!/6CBE66?N!MH)HN!"86E9N!1HN!^!.CQCN!,H!JXZZ[LH!)@4?9A>9PFCG9?!4A798@9A746A!4A!G><665G2! K9@956:98Gi!@49EG!6A!4D:59D9A7C746A!FC88498G!CA?!;C>4547C768GH!.><665!19A7C5!/9C57<N!]N!X_P`_H!! R899?9A7<C5N!.H!JXZ]ZLH!&?659G>9A7!<95:PG99Q4AB!CA?!7<9!(9556E!#4FF6A!.=4>4?9!3899A746A!386B8CD2!&A!9@C5=C746AH! .=4>4?9!^!'4;9P%<89C79A4AB!S9<C@468N!hZJ_LN!_XnP_`[H!! -6=5?N!1H!.HN!-899AF98BN!%HN!*9574ABN!KH!1HN!^!.<C;;98N!KH!JXZZ`LH!(6=7<!G=4>4?9!84GQ!CA?!:89@9A74@9!4A798@9A746AG2!&! 89@49E!6;!7<9!:CG7!]Z!O9C8GH!U6=8AC5!6;!7<9!&D984>CA!&>C?9DO!6;!"<45?!^!&?659G>9A7!3GO><4C78ON!hXJhLN!`n_PhZYH!! /C55;68GN!KHN!^!-6?9779N!KH!JXZZXLH!I455!7<9!r:84A>4:59G!6;!9;;9>74@9A9GGi!4D:86@9!:89@9A746A!:8C>74>9s!)C85O!;4A?4ABG! ;86D!C!?4;;=G46A!G7=?OH!/9C57<!)?=>C746A!#9G9C8><2!%<968O!^!38C>74>9N!]aN!h_]PhaZH!! MC5C;C7N!UHN!)54CGN!1H!J][[hLH!&A!9@C5=C746A!6;!C!G><665PFCG9?!G=4>4?9!CEC89A9GG!4A798@9A746AH!.=4>4?9!^!'4;9P %<89C79A4AB!S9<C@468N!XhN!XXhPX``H!! M9GG598N!#H!"HN!S98B5=A?N!3HN!K9D598N!0HN!U4AN!#HN!1984QCABCGN!MH!#HN!^!IC5798GN!)H!)H!JXZZYLH!'4;974D9!389@C59A>9!CA?! &B9P6;P0AG97!K4G784F=746AG!6;!K.1P$*!K4G68?98G!4A!7<9!,C746AC5!"6D68F4?47O!.=8@9O!#9:54>C746AH!&8><4@9G!6;! -9A98C5!3GO><4C78ON!_XJ_LN!Y[`P_ZXH!! M=7><98N!.H!JXZ]]LH!RC>4AB!7<9!><C559AB9!6;!>C89!;68!><45?!CA?!O6=7<!D9A7C5!<9C57<!4A!"CAC?C2!&!>8474>C5!>6DD9A7C8ON! ;4@9!G=BB9G746AG!;68!><CAB9!CA?!C!>C55!76!C>746AH!/9C57<!"C89!t=C87985ON!]hN!]YPX]H!! M=7><98N!.H!3HN!^!1>'=>Q49N!&H!;68!7<9!"<45?!CA?!(6=7<!&?@4G68O!"6DD47799N!19A7C5!/9C57<!"6DD4GG46A!6;!"CAC?CH! JXZ]ZLH!)@98B899A2!&!><45?!CA?!O6=7<!D9A7C5!<9C57<!;8CD9E68Q!;68!"CAC?CH!"C5BC8ON!&S2!19A7C5!/9C57<! "6DD4GG46A!6;!"CAC?CH!! '9G798N!KH!J][[XLH!#954B46G47ON!G=4>4?9!CA?!<6D4>4?92!C!>86GGPAC746AC5!9eCD4AC746AH!3GO><65!#9:N!a]N!]XnXH!! 1CAAN!UH!UHN!&:798N!&HN!S98765679N!UHN!S9C=78C4GN!&HN!"=88498N!KHN!/CCGN!&HN!97!C5H!JXZZYCLH!.=4>4?9!:89@9A746A!G78C79B49G2!C! GOG79DC74>!89@49EH!U&1&!2!%<9!U6=8AC5!6;!7<9!&D984>CA!19?4>C5!&GG6>4C746AN!X[hJ]_LN!XZ_hPXZahH!! 1CAAN!UH!UHN!&:798N!&HN!S98765679N!UHN!S9C=78C4GN!&HN!"=88498N!KHN!/CCGN!&HN!97!C5H!JXZZYFLH!.=4>4?9!:89@9A746A!G78C79B49G2!C! GOG79DC74>!89@49EH!U&1&!2!%<9!U6=8AC5!6;!7<9!&D984>CA!19?4>C5!&GG6>4C746AN!X[hJ]_LN!XZ_hPXZahH!! 1>"C8A9ON!#HN!IC8A98N!UHN!$54;;9N!.HN!@CA!/CG959AN!#HN!-84;;4AN!1HN!^!R4G<98N!3H!JXZZaLH!%<9!/CE7<68A9!);;9>72!C! 8CA?6D4G9?N!>6A786559?!784C5H!S1"!19?4>C5!#9G9C8><!197<6?656BON!aN!`ZH!! ,C746AC5!"84D4AC5!U=G74>9!#9;989A>9!.98@4>9GH!JXZZYLH!%<9!0;;4>9!6;!U=G74>9!386B8CD!J0U3L!I<C7!I68QG!#9:6G4768OH! #97849@9?!;86D2!<77:G2ddEEEHA>W8GHB6@d:?;;459G]dA4WdXXZnn[H:?;! 3569BN!UHN!"454GQCN!KHN!K6FF4AGN!1HN!/COEC8?N!.HN!%<6DCGN!/HN!^!+A?98E66?N!UH!J][[_LH!&!GOG79DC74>!6@98@49E!6;! C?659G>9A7!G=4>4?9!:89@9A746A!:86B8CDGH!"CAC?4CA!U6=8AC5!6;!3=F54>!/9C57<H#9@=9!"CAC?49AA9!K9!.CA79! 3=F54g=9N!naJYLN!`][P`XhH!! 36D:454N!1HN!$AACD68C74N!1HN!*4><4N!1HN!1CG6>>6N!1HN!*CAC>689N!,HN!'9G798N!KHN!97!C5H!JXZ]ZLH!.=4>4?9!:89@9A746A!CD6AB! O6=7<GH!.OG79DC74>!89@49E!6;!C@C45CF59!9@4?9A>9PFCG9?!4A798@9A746AG!CA?!4D:54>C746AG!;68!$7C5OH!14A98@C! 39?4C784>CN!_XJYLN!YZaPY`YH!!

9


#6F4AG6AN!UHN!/9784>QN!.H!)HN!^!1C874AN!"H!JXZ]]LH!389@9A74AB!G=4>4?9!4A!O6=AB!:96:592!GOG79DC74>!89@49EH!%<9!&=G78C54CA! CA?!,9E!q9C5CA?!U6=8AC5!6;!3GO><4C78ON!hYJ]LN!`PX_H!! #69G98N!#HIHN!^!14?B59ON!"H!J][[aLH!%9C><98Gi!@49EG!6;!4GG=9G!4A@65@4AB!G7=?9A7Gi!D9A7C5!<9C57<H!%<9!)59D9A7C8O! .><665!U6=8AC5N![nJXLN!]]YP]``H!! #6A9GN!1HN!^!/6CBE66?N!MH)H!JXZZZLH!.><665PFCG9?!D9A7C5!<9C57<!G98@4>9G2!&!89@49EH!"54A4>C5!"<45?!CA?!RCD45O! 3GO><656BO!#9@49EN!`JhLN!XX`PXh]H!! .<C;;98N!KHN!*495CA?N!*HN!-C85CA?N!&HN!#6WCGN!1HN!+A?98E66?N!11HN!S=GA98N!"H!J][[ZLH!&?659G>9A7!G=4>4?9!C779D:798G2! 89G:6AG9!76!G=4>4?9P:89@9A746A!:86B8CDGH!U&1&!2!%<9!U6=8AC5!6;!7<9!&D984>CA!19?4>C5!&GG6>4C746AN!X_hN!`]Y]P `]YYH!! +H.H!K9:C87D9A7!6;!/9C57<!CA?!/=DCA!.98@4>9GH!J][[[LH!19A7C5!/9C57<2!&!89:687!6;!7<9!G=8B96A!B9A98C5H!#6>Q@4559N! 1K2!+H.H!K9:C87D9A7!6;!/9C57<!CA?!/=DCA!.98@4>9GH!! @CAN!?H!RHN!.C8><4C:6A9N!1HN!36G7=@CAN!*HN!*65Q98N!KHN!#6GQC8N!.HN!-8=DN!&H!%HN!97!C5H!JXZ]]LH!S9G7!:8C>74>9!959D9A7G!6;! D=57459@95!G=4>4?9!:89@9A746A!G78C79B49G2!&!89@49E!6;!GOG79DC74>!89@49EGH!"84G4G2!%<9!U6=8AC5!6;!"84G4G! $A798@9A746A!CA?!.=4>4?9!389@9A746AN!`XJ_LN!`][P```H!! IC??955N!"HN!0;;68?N!KH!#HN!.<9:<98?N!"H!&HN!/=CN!UH!1HN!^!1>)ECAN!MH!JXZZXLH!"<45?!:GO><4C784>!9:4?9D4656BO!CA?! "CAC?4CA!:=F54>!:654>OPDCQ4AB2!%<9!G7C79!6;!7<9!G>49A>9!CA?!7<9!C87!6;!7<9!:6GG4F59H!%<9!"CAC?4CA!U6=8AC5!6;! 3GO><4C78O!d!'C!#9@=9!"CAC?49AA9!K9!3GO><4C7849N!haJ[LN!nXYPn`XH!! I94N!(HN!M=7><98N!.HN!^!.T=D45CGN!1H!JXZ]]LH!"6D:89<9AG4@9!.><665!19A7C5!/9C57<2!&A!$A79B8C79?!u.><665PSCG9?! 3C7<ECO!76!"C89u!16?95!;68!"CAC?4CA!.9>6A?C8O!.><665GH!1>-455!U6=8AC5!6;!)?=>C746AN!h_JXLN!X]`PXX[H!! I/0!#9B46AC5!0;;4>9!;68!)=86:9H!J][[_LH!#9B46AC5!B=4?954A9G2!?9@956:D9A7!6;!<9C57<P:86D674AB!G><665G2!C! ;8CD9E68Q!;68!C>746AH!1CA45CN!I/0!#9B46AC5!0;;4>9!;68!7<9!I9G798A!3C>4;4>2!#97849@9?!;86D! <77:2ddE<g54F?6>HE<6H4A7dE:86d][[hP[[dCY`XZ`H:?;!! IOAN!UHN!"C<455N!/HN!/65?GE687<N!#HN!#6E54ABN!'HN!^!"C8G6AN!.H!JXZZZLH!14A?1C7798GN!C!E<659PG><665!C::86C><! :86D674AB!D9A7C5!<9C57<!CA?!E955F94ABH!&=G78C54CA!CA?!,9E!q9C5CA?!U6=8AC5!6;!3GO><4C78ON!`hN!Y[hP_Z]H!! (68QN!UHN!'CD4GN!KH!&HN!R849?DCAN!'HN!S98DCAN!&H!'HN!U64A98N!%H!)HN!1>4A76G<N!UH!'HN!97!C5H!JXZ]`LH!&!GOG79DC74>!89@49E! :86>9GG!76!9@C5=C79!G=4>4?9!:89@9A746A!:86B8CDG2!&!GCD:59!>CG9!6;!>6DD=A47OPFCG9?!:86B8CDGH!U6=8AC5!6;! "6DD=A47O!3GO><656BON!h]J]LN!`YPY]H!! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

10


V!&33),K$f!]2!.)&#"/!.%#&%)-$)." ]H .+$"$K)!I$''!S)!.)&#"/)K!+.$,-!%/)!%)#1.! 3=FD9?2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL!0#! u.=4>4?9uw19G<x!0#!u.=4>4?9N!&779D:79?uw19G<x! 3GO>$,R02! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! )1S&.)2! G=4>4?v!0#!JbG95;!<C8DcL!0#!JG95;!,)&#d`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,)&#d`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#! 4A;54>7vLL! "$,&/'2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! "6><8CA92! G=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,)&#d`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,)&#d`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#! 4A;54>7vLL! .6>$A?9e2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! .6>4656B4>C5!&FG78C>7G2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! .6>4C5!.98@4>9G!&FG78C>7G2!! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! )#$"2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! .6>4C5!I68Q!&FG78C>7G! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! #9G9C8><!'4F8C8O2! .=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#!4A;54>7vLL! I9F!6;!.>49A>92!! G=4>4?v!0#!bG95;!<C8Dc!0#!JG95;!,)&#d`!J4AW=8v!0#!F9<C@vLL!0#!JG95;!,)&#d`!J<C789?!0#!D=745C79v!0#!4AW=8v!0#! 4A;54>7vLL!

XH $,%)#*),%$0,.!I$''!S)!.)&#"/)K!+.$,-!%/)!%)#1.2!! 3=FD9?!CA?!3GO>$,R02! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! )1S&.)2! 389@9A7v!0#!J4A798@9Av!,)&#d`!J>84G4G!0#!>84G9GL!0#!<9C57<!,)&#d`!JG98@4>9v!0#!9?=>C7vL!0#!:86B8CDv!,)&#d`! J?9@956:v!0#!9@C5=C7vL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! "$,&/'2! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! %<9!"6><8CA9!'4F8C8O2! 389@9A7v!0#!J4A798@9Av!,)&#d`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,)&#d`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,)&#d`! J?9@956:v!0#!9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v!

11


.6>$A?9e2! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! .6>4656B4>C5!&FG78C>7G2! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! .6>4C5!.98@4>9G!&FG78C>7G2!! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! )#$"2! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! .6>4C5!I68Q!&FG78C>7G! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! #9G9C8><!'4F8C8O2! 389@9A7v!0#!J4A798@9Av!,`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,`!J?9@956:v!0#! 9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! I9F!6;!.>49A>92! 389@9A7v!0#!J4A798@9Av!,)&#d`!J>84G4G!0#!>84G9GLL!0#!J<9C57<!,)&#d`!JG98@4>9v!0#!9?=>C7vLL!0#!J:86B8CDv!,)&#d`! J?9@956:v!0#!9@C5=C7vLL!0#!9e:984D9A7v!0#!784C5v!0#!9;;9>74@9v!0#!9;;4>C>v! !

12


!"#$%&'(&)*+,-&./"0".*%012*1.2& Author/study

Aseltine 2003

Aseltine & DeMartino 2004

Aseltine et al. 2007

Freedenthal 2010

Sample Country Population

68 US School staff

2100 US High school students

4133 US High school students

Design Intervention

Survey SOS program combines curricula to raise awareness of suicide and its related issues with a brief screening for depression and other risk factors associated with suicidal behavior.

RCT* SOS program combines curricula to raise awareness of suicide and its related issues with a brief screening for depression and other risk factors associated with suicidal behavior.

RCT* SOS program combines curricula to raise awareness of suicide and its related issues with a brief screening for depression and other risk factors associated with suicidal behavior.

Duration

5.3 days on average

Not described

2 days

Comparison Follow-up Outcome

No Post intervention Overview of Implementation; Ratings of and Reactions to the Program; help-seeking behaviors; Costs and benefits of the program

Yes 3 month post intervention Knowledge; Attitudes; Help-seeking behaviors: Suicide attempts; Suicide ideation

Yes 3 months post intervention Knowledge; Attitudes; Help-seeking behaviors: Suicide attempts; Suicide ideation

70 (teachers); 210 (students) US High school students and teachers Quasi-experimental Yellow Ribbon Program includes school wide assemblies, peer leadership training for students, staff training for adult gatekeepers such as high school teachers, community presentations, and local chapters that provide outreach and education. 60 minutes (student training); 1.5 hours (staff training); 50 minutes (school assembly) Yes Post intervention Help-seeking behaviors

34!5(&3"6,7819%,&476*07$$%,&!01"$

13


!"#$%&:(&)+88"0-&7;&2*+,-&0%2+$*2& Author/study Knowledge

Aseltine 2003 Not assessed

Aseltine & DeMartino 2004 M*=6.49 (C); M=7.18* (T) M=3.80 (C); M=4.05** (T) Asked help for friends; for oneself: 13%; 18.7% (C) 11.9%; 15.9% (T)

Aseltine et al. 2007 M=4.36 (C); M=5.00** (T) M=3.83 (C); M=3.99** (T) 12.4% (C); 12.8% (T)

Attitudes

Not assessed

Help-seeking

60% (increase of help-seeking compared to the previous year)

Suicide attempts

Not assessed

5.4% (C); 3.6%** (T)

4.5% (C); 3.0%** (T)

Suicide ideation

Not assessed

12.2% (C); 10.1% (T)

Not assessed

Freedenthal 2010 Not assessed Not assessed Staff data: +2.3% (within-school); +2.6% (between-school) Student data: M=12.0 (pre-intervention) M=10.0** (post-intervention) Student disclosed suicide attempts (Staff data): 7.7% (within-school); -15.6%*** (between-school) Student reported peer suicide attempts (Staff data): 7.8% (with-school); -21.1% (between-school) Student disclosed suicidal thoughts (staff data): +4.5% (within-school); -4.9%** (between-school) Student reported peer suicidal thoughts (staff data): -0.9% (within-school); -2.5% (between-school)

Other

Implementation: Not assessed Not assessed 74% (in health class); 40%-45% students receiving the entire program Program rating: 64%-87% (very or somewhat effective) Costs and benefits: 19% (adverse effects) 88% (somewhat or very helpful) 5(&<=8%"6>&4=.76*07$>&!=*0%"*8%6*?&55(&@ABCD>&16,1."*16E&2*"*12*1."$$-&21E61;1."6*&0%2+$*2?&555(&@ABCC'>&16,1."*16E&2*"*12*1."$$-&21E61;1."6*&0%2+$*2B&

14


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`B ,%2.01@*176&7;&,1;;%0%6.%2& &

34*56"+-& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W&

U&!&&&&J&W&&&&&V&!&

U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!&

U&!&&&&&J&!&&&&V&W& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&!&&&&V&W&


&

<-="/&)62'/-0+-&(0,-'/%& &

aB 2*"*12*1."$&21E61;1."6.%&O!&T&BCDQ& & bB 1,%6*1;1."*176&7;&18@70*"6*&",R%02%&%;;%.*2^%R%6*2& & cB 87,%2*&"**01*176&OT&:DdQ& & 'CB 16*%6*Y*7Y*0%"*&"6"$-*1.&"@@07"./& & ''B "..+0"*%&16*%0@0%*"*176&7;&*/%&0%2+$*2& & 'B IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & :B .72*&16;708"*176& & PB .72*Y#%6%;1*&%2*18"*%2& & ZB 8%"2+0%8%6*&7;&@7*%6*1"$&21,%Y%;;%.*2&70&6%E"*1R%&%;;%.*2& &

U&!&&&&&J&W&&&&V&!& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W&

3"*16E2(&I;;%.*1R%&&&&&&&&&&&&&&I;;%.*1R%&X1*/&3%2%0R"*176&&&&&&&&&&&&&&&H0781216E&&&&&&&&&&&&&L6.76.$+21R%&IR1,%6.%&&&&&&&&&&&&&&&&L62+;;1.1%6*&IR1,%6.%&&&&&&&&& L6%;;%.*1R%&& & e16"$&3"*16E(&L62+;;1.1%6*&%R1,%6.%&OG&@07E0"8&X1*/&"&_+"21Y%[@%018%6*"$&,%21E6&*/"*&$".\2&2+;;1.1%6*&8%*/7,7$7E1."$&01E70>&"&@0%Y@72*& *%2*&,%21E6>&70&"&@+0%$-&,%2.01@*1R%&%R"$+"*176BQ&

16


!"#"$%&'(&/"0*)+"%%&('/&*)%%"6)+0-)'+& ./)-"/)0& >/0)+)+5&0+*&?"$0-"*&7422'/-& @0-"/)0$%&

>",=+),0$&A%%)%-0+,"&7422'/-&

B+('/60-)'+0$&@0-"/)0$%&

./)-"/)0&1"%,/)2-)'+& K%*"1$%,&.+001.+$+8& & H0%@"0%,&*0"16%02&"6,&*%./61."$&%[@%0*2& & )+@@70*1R%&16;708"*176"$&8"*%01"$2& & f@%0"*1762&8"6+"$2& & L8@$%8%6*"*176&E+1,%2& & 4"2%&2*+,1%2& & IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 472*&16;708"*176&"6,&.72*Y&#%6%;1*&%2*18"*%& & I;;%.*1R%6%22&16,1."*702& & f*/%0&2+@@70*&8"*%01"$2&%8@$7-16E&"&R"01%*-&7;&%,+."*176"$& 8%,1+82>&2+./&"2&R1,%7*"@%2>&"+,17*"@%2>&70&16*%0".*1R%&g%#Y #"2%,&@07E0"82>&"$$&7;&X/1./&"0%&;1%$,&*%2*%,&

34*56"+-& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!&

e7$$7X16E&*/%&@07R12176&7;&*0"1616E&%[@%0*2&"0%&"R"1$"#$%&76Y21*%& U&!&&&&&J&W&&&&V&!& 70&76$16%&*7&@07R1,%&2@%.1;1.&E+1,"6.%&0%$"*%,&*7&*/%& 18@$%8%6*"*176&7;&*/%&16*%0R%6*176&*%./61_+%2>&@07#$%8&27$R16E>& "6,&87,1;1."*1762&"2&6%.%22"0-&"6,&"@@07@01"*%& & )+@@$%8%6*"$&E+1,"6.%&@07R1,%,&7R%0&*18%&*/07+E/&6%X2$%**%02>& U&!&&&&&J&W&&&&V&!& g%#&21*%2>&"6,&7*/%0&8%,1+82&*7&16;708&0%E"0,16E&1667R"*1762& 17


C40$)-;&.'+-/'$&('/&B62$"6"+-0-)'+&

8",%&16&7*/%0&21*%2>&8%*/7,2&*7&%6/"6.%&18@$%8%6*"*176>& 7@%0"*1762&8"6"E%8%6*&"6,&"22%228%6*&@07.%,+0%2&"6,& @0".*1.%2& & H07.%,+0%2&;70&%62+016E&*/"*&*/%&16*%0R%6*176&12&18@$%8%6*%,& X1*/&;1,%$1*-&*7&*/%&701E16"$&,%21E6B&!/%2%&8"-&16.$+,%&.$161."$& 2+@%0R12176>&0%R1%X&7;&*"@%&0%.70,16E2&7;&16*%0R%6*176&2%221762>& 70&7*/%0&8%*/7,2& &

U&!&&&&&J&W&&&&V&!&

3"*16E2(&e+$$-&H0%@"0%,&;70&g1,%2@0%",&,122%816"*176&&&&&&&&e+$$-&H0%@"0%,&;70&N181*%,&K122%816"*176&&&&&&&&&J7*&H0%@"0%,&;70& g1,%2@0%",&K122%816"*176& & e16"$&0"*16E(&J7*&H0%@"0%,&;70&g1,%2@0%",&K122%816"*1on

& 18


F&GHHIJKLM&P(&43L!L4GN&GHH3GL)GN&OG)IN!LJI&h&K%<G3!LJf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`B ",%_+"*%&7+*.78%&8%"2+0%8%6*&O1B%B&7+*.78%2&"0%&#%/"R170"$&70& ,12*"$&16&6"*+0%&"6,&"0%&.76212*%6*&".0722&8+$*1@$%&8%"2+0%2Q& & 'aB ,%2.01@*176&7;&,1;;%0%6.%2& &

34*56"+-& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!&

U&!&&&&J&W&&&&&V&!&

U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!&

U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W&

19


&

<-="/&)62'/-0+-&(0,-'/%& &

'bB 2*"*12*1."$&21E61;1."6.%&O!&T&BCDQ& & 'cB 1,%6*1;1."*176&7;&18@70*"6*&",R%02%&%;;%.*2^%R%6*2& & :CB 87,%2*&"**01*176&OT&:DdQ& & :'B 16*%6*Y*7Y*0%"*&"6"$-*1.&"@@07"./& & ::B "..+0"*%&16*%0@0%*"*176&7;&*/%&0%2+$*2& & DB IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & `B .72*&16;708"*176& & aB .72*Y#%6%;1*&%2*18"*%2& & bB 8%"2+0%8%6*&7;&@7*%6*1"$&21,%Y%;;%.*2&70&6%E"*1R%&%;;%.*2& &

U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!&

3"*16E2(&I;;%.*1R%&&&&&&&&&&&&&&&&I;;%.*1R%&X1*/&3%2%0R"*176&&&&&&&&&&&&&H0781216E&&&&&&&&&&&&&&&L6.76.$+21R%&IR1,%6.%&&&&&&&&&&&&&&&L62+;;1.1%6*&IR1,%6.%&&&&&&&&& L6%;;%.*1R%&& & e16"$&3"*16E(&L6.76.$+21R%&%R1,%6.%&OH07E0"82&X1*/&",%_+"*%$-&01E707+2&%[@%018%6*"$&70&_+"21Y%[@%018%6*"$&,%21E62&*/"*&$".\& 2+2*"16%,&%;;%.*2BQ& &

20


!"#"$%&'(&/"0*)+"%%&('/&*)%%"6)+0-)'+& ./)-"/)0& >/0)+)+5&0+*&?"$0-"*&7422'/-& @0-"/)0$%&

>",=+),0$&A%%)%-0+,"&7422'/-&

./)-"/)0&1"%,/)2-)'+& K%*"1$%,&.+001.+$+8& & H0%@"0%,&*0"16%02&"6,&*%./61."$&%[@%0*2& & )+@@70*1R%&16;708"*176"$&8"*%01"$2& & f@%0"*1762&8"6+"$2& & L8@$%8%6*"*176&E+1,%2& & 4"2%&2*+,1%2& & IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 472*&16;708"*176&"6,&.72*Y&#%6%;1*&%2*18"*%& & I;;%.*1R%6%22&16,1."*702& & f*/%0&2+@@70*&8"*%01"$2&%8@$7-16E&"&R"01%*-&7;&%,+."*176"$& 8%,1+82>&2+./&"2&R1,%7*"@%2>&"+,17*"@%2>&70&16*%0".*1R%&g%#Y #"2%,&@07E0"82>&"$$&7;&X/1./&"0%&;1%$,&*%2*%,&

34*56"+-& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!&

e7$$7X16E&*/%&@07R12176&7;&*0"1616E&%[@%0*2&"0%&"R"1$"#$%&76Y21*%& U&!&&&&&J&W&&&&V&!& 70&76$16%&*7&@07R1,%&2@%.1;1.&E+1,"6.%&0%$"*%,&*7&*/%& 18@$%8%6*"*176&7;&*/%&16*%0R%6*176&*%./61_+%2>&@07#$%8&27$R16E>& "6,&87,1;1."*1762&"2&6%.%22"0-&"6,&"@@07@01"*%& & 21


B+('/60-)'+0$&@0-"/)0$%&

C40$)-;&.'+-/'$&('/&B62$"6"+-0-)'+&

)+@@$%8%6*"$&E+1,"6.%&@07R1,%,&7R%0&*18%&*/07+E/&6%X2$%**%02>& U&!&&&&&J&W&&&&V&!& g%#&21*%2>&"6,&7*/%0&8%,1+82&*7&16;708&0%E"0,16E&1667R"*1762& 8",%&16&7*/%0&21*%2>&8%*/7,2&*7&%6/"6.%&18@$%8%6*"*176>& 7@%0"*1762&8"6"E%8%6*&"6,&"22%228%6*&@07.%,+0%2&"6,& @0".*1.%2& & H07.%,+0%2&;70&%62+016E&*/"*&*/%&16*%0R%6*176&12&18@$%8%6*%,& U&!&&&&&J&W&&&&V&!& X1*/&;1,%$1*-&*7&*/%&701E16"$&,%21E6B&!/%2%&8"-&16.$+,%&.$161."$& 2+@%0R12176>&0%R1%X&7;&*"@%&0%.70,16E2&7;&16*%0R%6*176&2%221762>& 70&7*/%0&8%*/7,2& &

3"*16E2(&e+$$-&H0%@"0%,&;70&X1,%2@0%",&K122%816"*176&&&&&&&&&e+$$-&H0%@"0%,&;70&N181*%,&K122%816"*176&&&&&&&&&&&&J7*&H0%@"0%,&;70& g1,%2@0%",&K122%816"*176& & e16"$&0"*16E(&J7*&H0%@"0%,&;70&g1,%2@0%",&K122%816"*176&

& 22


F&GHHIJKLM&Z(&43L!L4GN&GHH3GL)GN&OG)IN!LJI&I!&GNB>&:CCa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`B 16,%@%6,%6*&%R"$+"*176& & :aB ",%_+"*%&7+*.78%&8%"2+0%8%6*&O1B%B&7+*.78%2&"0%&#%/"R170"$&70& ,12*"$&16&6"*+0%&"6,&"0%&.76212*%6*&".0722&8+$*1@$%&8%"2+0%2Q& & :bB ,%2.01@*176&7;&,1;;%0%6.%2& &

34*56"+-& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&W&&&&V&!&

U&!&&&&J&W&&&&&V&!&

U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!&

U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W&

23


&

<-="/&)62'/-0+-&(0,-'/%& &

:cB 2*"*12*1."$&21E61;1."6.%&O!&T&BCDQ& & PCB 1,%6*1;1."*176&7;&18@70*"6*&",R%02%&%;;%.*2^%R%6*2& & P'B 87,%2*&"**01*176&OT&:DdQ& & P:B 16*%6*Y*7Y*0%"*&"6"$-*1.&"@@07"./& & PPB "..+0"*%&16*%0@0%*"*176&7;&*/%&0%2+$*2& & cB IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 'CB .72*&16;708"*176& & ''B .72*Y#%6%;1*&%2*18"*%2& & ':B 8%"2+0%8%6*&7;&@7*%6*1"$&21,%Y%;;%.*2&70&6%E"*1R%&%;;%.*2& &

U&!&&&&J&!&&&&V&W&&& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!&

3"*16E2(&I;;%.*1R%&&&&&&&&&&&&&&&I;;%.*1R%&X1*/&3%2%0R"*176&&&&&&&&&&&&&&H0781216E&&&&&&&&&&&&&&L6.76.$+21R%&IR1,%6.%&&&&&&&&&&&&&&&&L62+;;1.1%6*&IR1,%6.%&&&&&&&&& L6%;;%.*1R%&& & e16"$&3"*16E(&L6.76.$+21R%&%R1,%6.%&OH07E0"82&X1*/&",%_+"*%$-&01E707+2&%[@%018%6*"$&70&_+"21Y%[@%018%6*"$&,%21E62&*/"*&$".\& 2+2*"16%,&%;;%.*2BQ&

24


!"#"$%&'(&/"0*)+"%%&('/&*)%%"6)+0-)'+& ./)-"/)0& >/0)+)+5&0+*&?"$0-"*&7422'/-& @0-"/)0$%&

>",=+),0$&A%%)%-0+,"&7422'/-&

B+('/60-)'+0$&@0-"/)0$%&

./)-"/)0&1"%,/)2-)'+& K%*"1$%,&.+001.+$+8& & H0%@"0%,&*0"16%02&"6,&*%./61."$&%[@%0*2& & )+@@70*1R%&16;708"*176"$&8"*%01"$2& & f@%0"*1762&8"6+"$2& & L8@$%8%6*"*176&E+1,%2& & 4"2%&2*+,1%2& & IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 472*&16;708"*176&"6,&.72*Y&#%6%;1*&%2*18"*%& & I;;%.*1R%6%22&16,1."*702& & f*/%0&2+@@70*&8"*%01"$2&%8@$7-16E&"&R"01%*-&7;&%,+."*176"$& 8%,1+82>&2+./&"2&R1,%7*"@%2>&"+,17*"@%2>&70&16*%0".*1R%&g%#Y #"2%,&@07E0"82>&"$$&7;&X/1./&"0%&;1%$,&*%2*%,&

34*56"+-& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!&

e7$$7X16E&*/%&@07R12176&7;&*0"1616E&%[@%0*2&"0%&"R"1$"#$%&76Y21*%& U&!&&&&&J&W&&&&V&!& 70&76$16%&*7&@07R1,%&2@%.1;1.&E+1,"6.%&0%$"*%,&*7&*/%& 18@$%8%6*"*176&7;&*/%&16*%0R%6*176&*%./61_+%2>&@07#$%8&27$R16E>& "6,&87,1;1."*1762&"2&6%.%22"0-&"6,&"@@07@01"*%& & )+@@$%8%6*"$&E+1,"6.%&@07R1,%,&7R%0&*18%&*/07+E/&6%X2$%**%02>& U&!&&&&&J&W&&&&V&!& 25


C40$)-;&.'+-/'$&('/&B62$"6"+-0-)'+&

g%#&21*%2>&"6,&7*/%0&8%,1+82&*7&16;708&0%E"0,16E&1667R"*1762& 8",%&16&7*/%0&21*%2>&8%*/7,2&*7&%6/"6.%&18@$%8%6*"*176>& 7@%0"*1762&8"6"E%8%6*&"6,&"22%228%6*&@07.%,+0%2&"6,& @0".*1.%2& & H07.%,+0%2&;70&%62+016E&*/"*&*/%&16*%0R%6*176&12&18@$%8%6*%,& X1*/&;1,%$1*-&*7&*/%&701E16"$&,%21E6B&!/%2%&8"-&16.$+,%&.$161."$& 2+@%0R12176>&0%R1%X&7;&*"@%&0%.70,16E2&7;&16*%0R%6*176&2%221762>& 70&7*/%0&8%*/7,2& &

U&!&&&&&J&W&&&&V&!&

3"*16E2(&e+$$-&H0%@"0%,&;70&X1,%2@0%",&K122%816"*176&&&&&&&&&e+$$-&H0%@"0%,&;70&N181*%,&K122%816"*176&&&&&&&&&&&J7*&H0%@"0%,&;70& g1,%2@0%",&K122%816"*176& & e16"$&0"*16E(&J7*&H0%@"0%,&;70&g1,%2@0%",&K122%816"*176&

26


F&GHHIJKLM&D(&43L!L4GN&GHH3GL)GN&Oe3IIKIJ!i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`B ,%2.01@*176&7;&16*%0R%6*176>&16.$+,16E&.$%"0&%[@$"6"*176&7;&2.1%6*1;1.& #".\E07+6,>&*/%&$7E1.&7;&*/%&16*%0R%6*176>&2@%.1;1.& 7#]%.*1R%2^/-@7*/%2%2&"6,&@018"0-&2%.76,"0-&7+*.78%&8%"2+0%2& & PaB 16,%@%6,%6*&%R"$+"*176& & PbB ",%_+"*%&7+*.78%&8%"2+0%8%6*&O1B%B&7+*.78%2&"0%&#%/"R170"$&70& ,12*"$&16&6"*+0%&"6,&"0%&.76212*%6*&".0722&8+$*1@$%&8%"2+0%2Q& & PcB ,%2.01@*176&7;&,1;;%0%6.%2& &

34*56"+-& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!&

U&!&&&&J&W&&&&&V&!&

U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!&

U&!&&&&&J&!&&&&V&W& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&!&&&&V&W&

27


&

<-="/&)62'/-0+-&(0,-'/%& &

ZCB 2*"*12*1."$&21E61;1."6.%&O!&T&BCDQ& & Z'B 1,%6*1;1."*176&7;&18@70*"6*&",R%02%&%;;%.*2^%R%6*2& & Z:B 87,%2*&"**01*176&OT&:DdQ& & ZPB 16*%6*Y*7Y*0%"*&"6"$-*1.&"@@07"./& & ZZB "..+0"*%&16*%0@0%*"*176&7;&*/%&0%2+$*2& & 'PB IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 'ZB .72*&16;708"*176& & 'DB .72*Y#%6%;1*&%2*18"*%2& & '`B 8%"2+0%8%6*&7;&@7*%6*1"$&21,%Y%;;%.*2&70&6%E"*1R%&%;;%.*2& &

U&!&&&&&&&J&W&&&&V&!&&& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&!&&&&V&W& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!&

3"*16E2(&I;;%.*1R%&&&&&&&&&&&&&&&I;;%.*1R%&X1*/&3%2%0R"*176&&&&&&&&&&&&&&H0781216E&&&&&&&&&&&&&&&&L6.76.$+21R%&IR1,%6.%&&&&&&&&&&&&&&L62+;;1.1%6*&IR1,%6.%&&&&&&&&& L6%;;%.*1R%&& & e16"$&3"*16E(&L6%;;%.*1R%&OG&@07E0"8&X1*/&"6&%[@%018%6*"$&70&_+"21Y%[@%018%6*"$&0%2%"0./&,%21E6&*/"*&16&"6&161*1"$&2*+,-&"6,&"*&$%"2*& 76%&0%@$1."*176&;"1$%,&*7&,%8762*0"*%&"&21E61;1."6*&%;;%.*BQ&

28


!"#"$%&'(&/"0*)+"%%&('/&*)%%"6)+0-)'+& ./)-"/)0& !0"1616E&"6,&3%$"*%,&)+@@70*& <"*%01"$2&

!%./61."$&G2212*"6.%&)+@@70*&

L6;708"*176"$&<"*%01"$2&

./)-"/)0&1"%,/)2-)'+& K%*"1$%,&.+001.+$+8& & H0%@"0%,&*0"16%02&"6,&*%./61."$&%[@%0*2& & )+@@70*1R%&16;708"*176"$&8"*%01"$2& & f@%0"*1762&8"6+"$2& & L8@$%8%6*"*176&E+1,%2& & 4"2%&2*+,1%2& & IR1,%6.%&7;&./"6E%&16&012\^@07*%.*1R%&;".*702& & 472*&16;708"*176&"6,&.72*Y&#%6%;1*&%2*18"*%& & I;;%.*1R%6%22&16,1."*702& & f*/%0&2+@@70*&8"*%01"$2&%8@$7-16E&"&R"01%*-&7;&%,+."*176"$& 8%,1+82>&2+./&"2&R1,%7*"@%2>&"+,17*"@%2>&70&16*%0".*1R%&g%#Y #"2%,&@07E0"82>&"$$&7;&X/1./&"0%&;1%$,&*%2*%,&

34*56"+-& U&!&&&&&J&W&&&&V&!& U&W&&&&&J&!&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!& U&!&&&&&J&W&&&&V&!&

e7$$7X16E&*/%&@07R12176&7;&*0"1616E&%[@%0*2&"0%&"R"1$"#$%&76Y21*%& U&!&&&&&J&W&&&&V&!& 70&76$16%&*7&@07R1,%&2@%.1;1.&E+1,"6.%&0%$"*%,&*7&*/%& 18@$%8%6*"*176&7;&*/%&16*%0R%6*176&*%./61_+%2>&@07#$%8&27$R16E>& "6,&87,1;1."*1762&"2&6%.%22"0-&"6,&"@@07@01"*%& & )+@@$%8%6*"$&E+1,"6.%&@07R1,%,&7R%0&*18%&*/07+E/&6%X2$%**%02>& U&!&&&&&J&W&&&&V&!& g%#&21*%2>&"6,&7*/%0&8%,1+82&*7&16;708&0%E"0,16E&1667R"*1762& 29


j+"$1*-&476*07$&;70&L8@$%8%6*"*176&

8",%&16&7*/%0&21*%2>&8%*/7,2&*7&%6/"6.%&18@$%8%6*"*176>& 7@%0"*1762&8"6"E%8%6*&"6,&"22%228%6*&@07.%,+0%2&"6,& @0".*1.%2& & H07.%,+0%2&;70&%62+016E&*/"*&*/%&16*%0R%6*176&12&18@$%8%6*%,& X1*/&;1,%$1*-&*7&*/%&701E16"$&,%21E6B&!/%2%&8"-&16.$+,%&.$161."$& 2+@%0R12176>&0%R1%X&7;&*"@%&0%.70,16E2&7;&16*%0R%6*176&2%221762>& 70&7*/%0&8%*/7,2& &

U&!&&&&&J&W&&&&V&!&

3"*16E2(&e+$$-&H0%@"0%,&;70&X1,%2@0%",&K122%816"*176&&&&&&&&&e+$$-&H0%@"0%,&;70&N181*%,&K122%816"*176&&&&&&&&&&&J7*&H0%@"0%,&;70& g1,%2@0%",&K122%816"*176& & e16"$&0"*16E(&J7*&H0%@"0%,&;70&g1,%2@0%",&K122%816"*176&

30

Critically evaluating school mental health pilot report  
Read more
Read more
Similar to
Popular now
Just for you