Inner Loop C-Terminal Hinge
Number of Sequences
PVW AIGTG KTA 92
PIW AIGTG KSA 58
PVW AIGTG KVA 58
PIW AIGTG KTA 57
PVW AIGTG KSA 46
PIW AIGTG KSS 42
PIW AIGTG KTC 19
PLW AVGTG KSA 18
PVW AIGTG RVA 18
PVW AIGTG LTA 15
PVW AIGTG RTA 13
PVW AIGTG LTP 12
PIW AIGTG KAA 11
PVW AIGTG LAA 9
PVW AIGTG VVA 9
PIW AIGTG DTC 8
PIW AIGTG RTA 6
PIW AIGTK KSA 6
PVW AIGTG KVP 6
PIW AIGTG KVA 4
PVW AIGTG ETA 4
PVW AIGTG KNA 4
PVW AIGTG RHA 4
PVW AIGTG RTP 4
PIW AIGTG KNA 3
PIY SIGTG VSA 3
PLW AIGTG KTA 3
PVW AIGTG DTA 3
PVW AIGTG MVA 3
PEW AIGKA SSA 2
PIW AIGTD LEL 2
PIW AIGTG CTA 2
PIW AIGTG HVP 2
PIW AIGTG VSA 2
PSS AINSG NCA 2
PVW AIGTG HSA 2
PVW AIGTG KVC 2
PVW SIGTG VVA 2
! YC!
PEW AIGKA NSA 1
PIW AIATG KSA 1
PIW AIGSG ASA 1
PIW AIGTG DTA 1
PIW AIGTG ESA 1
PIW AIGTG ETA 1
PIW AIGTG ETC 1
PIW AIGTG HSA 1
PIW AIGTG LIP 1
PIW AIGTG LTP 1
PIW AIGTG LVA 1
PIW AIGTG NVP 1
PIW AIGTG QTC 1
PIW AIGTG RSA 1
PIW AIGTG RTP 1
PIW AIGTG VTA 1
PIW AIGTG VTP 1
PIW SIGSD MIP 1
PIW SIGSG NSA 1
PIW SIGTG VSA 1
PKW AIGTN TIP 1
PLW AIGTG RTA 1
PRW AIGTG KTP 1
PSW AIGSG TSA 1
PTW AIGKK DSA 1
PVW AIGKP QPA 1
PVW AIGNG QNA 1
PVW AIGSG KAA 1
PVW AIGSG LTA 1
PVW AIGSG NPA 1
PVW AIGSG QAA 1
PVW AIGSG SSA 1
PVW AIGSN TIP 1
PVW AIGTG AVA 1
PVW AIGTG EVA 1
PVW AIGTG ITA 1
PVW AIGTG KAA 1
PVW AIGTG KSS 1
PVW AIGTG LSA 1
PVW AIGTG LVP 1
PVW AIGTG NSP 1
PVW AIGTG NTA 1
PVW AIGTG QTA 1
! YT!
PVW AIGTG RNA 1
PVW AIGTG RNC 1
PVW AIGTG RSA 1
PVW AIGTG RVP 1
PVW AIGTG TPA 1
PVW AIGTG VAA 1
PVW AIGTG VTA 1
PVW AIGTN RTA 1
PVW AIGTN VTA 1
PVW AVGTG NTA 1
PVW AVGTG RSA 1
PVW SIGSC MVP 1
PVW SIGTG ITP 1
!!
!
!
! YW!
>'#10! ?@HB! "#! $%$&!(+=C10=0*%'%.+*! '$$'I! &0$-1%$B! !;G)*8! -.(&0(! /0! (%)! 71,3):!
&0:!71,3):!@/&3):!1/@*&*/)3!7,-'1)-)0():!(%)!B+6I:)>/7/)0(!3(*&/0J!N/@*&*/)3!K/(%!&!
%/4%)*!7,0(*/@.(/,0!,>!(%)!,')0!3(&()!D)G)05!,')0!@/&3):5!&0:!,')0F!&*)!1)33!)>>)7(/G)!
&(! 7,-'1)-)0(/04! (%)! B+6I:)>/7/)0(! 3(*&/0J! 6.(&(/,0&1! *&()! /07*)&3)3! &3! (%)! ,')0!
3(&()!/3!4/G)0!-,*)!/-',*(&07)!/0!(%)!:)3/40!7&17.1&(/,0J
!
Library Average number of mutations per design
Percent of mutants that complement TIM- deficient strain
Closed 2.88 100
Closed biased 3.67 100
Even 4.00 95.83
Open biased 4.38 66.67
Open 4.33 70.83
! YX!
>'#10! ?@?B! J-=='&I! +E! 0KC0&.=0*%'1! (5'&'(%0&.L'%.+*! +E! (1+$0,! 1.#&'&IB! !62!
-)(*/7! /3! (%)! '*,',*(/,0! ,>! >*&-)3! ,>! &! C#! 03! 3/-.1&(/,0! (%&(! )<%/@/(! (%)! 7&(&18(/7!
7,0(&7(!D\1.I2APEF!v!WJT!lJ!P''&*)0(!B-3!3%,.1:!@)!7,03/:)*):!&''*,</-&()!3/07)!
(%)*-&1!.0>,1:/04!K&3!0,(!*)G)*3/@1)J!9')7/>/7!&7(/G/(8!/3!*)',*():!&3!')*7)0(!,>!K(!
&7(/G/(8J!
Hinge sequences
Percent WT activity
In vivo complementation
assay
Apparent Tm (˚C)
MD metric
PIWVTA 96.89 + 50 0.999
PIWITA 75.90 + 50 1.000
PIWKTA 71.57 + 50 0.994
PIWLTA 74.58 + 50.3 0.982
PIWTTA 80.24 + 50 0.996
PIWVVA 84.48 + 50 0.921
PQWVTA 27.73 + 46 0.987
PIWRTA 67.36 + 50 0.656
PIWQTA 94.28 + 50 0.998
PVWVTA 22.39 + 44 0.974
PMWVTA 32.45 + 47 0.205
PLWVTA 29.41 + 47 0.846
PIWETA 49.85 + 51 0.993
PRWVTA 46.51 + 51 0.258
PIWYTA 85.14 + 50.7 1.000
PIWFTA 98.39 + 50 0.995
PEWVTA 76.67 + 50 1.000
PYWVTA 20.91 + 44 0.818
PIWVSA 60.47 + 50 0.867
PAWVTA 45.74 + 50 0.382
PIWVAA 43.91 + 50 0.995
PFWVTA 43.07 + 50 0.820
PIWNTA 47.10 + 50 0.988
PIWSTA 86.76 + 49.7 0.998
! Y"!
>'#10!?@MB!J-=='&I!+E!0KC0&.=0*%'1!(5'&'(%0&.L'%.+*!+E!(1+$0,!#.'$0,!1.#&'&IB!!
62!-)(*/7!/3!(%)!'*,',*(/,0!,>!>*&-)3!,>!&!C#!03!3/-.1&(/,0!(%&(!)<%/@/(!(%)!7&(&18(/7!
7,0(&7(!D\1.I2APEF!v!WJT!lJ!P''&*)0(!B-3!3%,.1:!@)!7,03/:)*):!&''*,</-&()!3/07)!
(%)*-&1!.0>,1:/04!K&3!0,(!*)G)*3/@1)J!9')7/>/7!&7(/G/(8!/3!*)',*():!&3!')*7)0(!,>!K(!
&7(/G/(8J!!!
!
Hinge sequences
Percent WT activity
In vivo complementation
assay
Apparent Tm (˚C)
MD metric
PIFQTA 58.92 + 49 0.087
PIFKTA 60.77 + 49.3 0.998
PIFRTA 2.38 + 51 0.953
PMFQTA 15.53 + 51 0.967
PIFQVA 29.15 + 48 0.333
PQFQTA 38.36 + 48 0.951
PIFETA 30.10 + 48 0.951
PVFQTA 43.78 + 49 0.054
PIFTTA 44.88 + 48.7 0.164
PIHQTA 26.62 + 48.7 0.988
PLFQTA 53.95 + 50 0.999
PEFQTA 2.38 + 45.7 0.986
PIWKTG 55.08 + 49 0.758
PIFLTA 50.42 + 50 0.994
PRFQTA 26.01 + 50 0.949
PIWQTG 37.68 + 49 0.994
PIYKTA 89.37 + 50 0.964
PMWKTG 35.85 + 47 0.249
PAFQTA 2.38 + 51 0.134
PYFQTA 2.38 + 49 1.000
PVWKTG 43.00 + 50 0.981
PIFQSA 58.21 + 49 0.130
PIFMTA 35.19 + 46 0.999
PLWKTG 2.80 + 47 0.432
! YO!
>'#10! ?@NB! J-=='&I! +E! 0KC0&.=0*%'1! (5'&'(%0&.L'%.+*! +E! 0O0*! 1.#&'&IB! !62!
-)(*/7! /3! (%)! '*,',*(/,0! ,>! >*&-)3! ,>! &! C#! 03! 3/-.1&(/,0! (%&(! )<%/@/(! (%)! 7&(&18(/7!
7,0(&7(!D\1.I2APEF!v!WJT!lJ!P''&*)0(!B-3!3%,.1:!@)!7,03/:)*):!&''*,</-&()!3/07)!
(%)*-&1!.0>,1:/04!K&3!0,(!*)G)*3/@1)J!9')7/>/7!&7(/G/(8!/3!*)',*():!&3!')*7)0(!,>!K(!
&7(/G/(8J!
Hinge sequences
Percent WT activity
In vivo complementation
assay
Apparent Tm (˚C)
MD metric
PMFQTA 15.53 + 51 0.967
PMFQVA 20.39 + 51 0.587
PMFKTA 16.00 + 47 0.999
PMHQTA 24.45 + 48.7 0.993
PEFQTA 2.38 + 45.7 0.986
PIFQTA 58.92 + 49 0.087
PVFQTA 43.78 + 49 0.054
PMFETA 13.94 + 49 0.518
PMHQTN 28.84 + 48.7 0.980
PMFQTS 11.09 + 48 0.998
PMFRTA 11.58 + 48.3 0.730
PQFQTA 38.36 + 48 0.951
PLFQTA 53.95 + 50 0.999
PAFQTA 2.38 + 51 0.134
PRFQTA 26.01 + 50 0.949
PMFQSA 34.25 + 51 1.000
PMFQIA 17.02 + 48.7 0.999
PMHQTD 6.82 - 47.7 0.219
PMFMTA 13.50 + 52 0.137
PDFQTA 15.20 + 49 0.115
PMFQYA 7.52 + 50 0.995
PYFQTA 2.38 + 49 1.000
PMFQAA 34.92 + 50.7 0.977
PKFQTA 19.06 + 50.7 0.989
! YY!
>'#10!?@GB!J-=='&I!+E!0KC0&.=0*%'1!(5'&'(%0&.L'%.+*!+E!+C0*!#.'$0,!1.#&'&IB!!
62!-)(*/7!/3!(%)!'*,',*(/,0!,>!>*&-)3!,>!&!C#!03!3/-.1&(/,0!(%&(!)<%/@/(!(%)!7&(&18(/7!
7,0(&7(!D\1.I2APEF!v!WJT!lJ!P''&*)0(!B-3!3%,.1:!@)!7,03/:)*):!&''*,</-&()!3/07)!
(%)*-&1!.0>,1:/04!K&3!0,(!*)G)*3/@1)J!9')7/>/7!&7(/G/(8!/3!*)',*():!&3!')*7)0(!,>!K(!
&7(/G/(8J!
Hinge sequences
Percent WT activity
In vivo complementation
assay
Apparent Tm (˚C)
MD metric
PMHQVN 2.38 - 51 0.205
PMFQVA 20.39 + 51 0.587
PMHQTN 28.84 + 48.7 0.980
PMFQVS 10.81 + 48.7 0.996
PMHQIN 2.38 - 47 0.894
PMHQVD 4.32 + 48 0.994
PMHQYN 2.38 + 47.7 0.306
PMHKTN 9.96 + 48 0.991
PEHQVN 2.38 + 45.7 0.651
PMHQFN 2.38 + 47.7 0.951
PMHETN 2.38 + 51 0.989
PMHQSN 8.35 + 48 0.995
PMFQSA 34.25 + 51 1.000
PVHQVN 4.24 - 50 0.978
PMHQQN 2.38 - 46.7 0.993
PAHQVN 2.38 - 50 0.998
PMHQKN 2.38 + 47 0.254
PMHQEN 2.38 - 47 0.511
PMHQNN 2.38 + 47 0.998
PMHQRN 4.79 + 51 0.419
PMHMTN 2.38 + 46.3 0.174
PMFQRA 8.32 + 48 0.358
PDHQVN 5.58 - 47.7 0.407
PMHQVT 2.38 - 51 0.615
! YZ!
>'#10! ?@PB! J-=='&I! +E! 0KC0&.=0*%'1! (5'&'(%0&.L'%.+*! +E! +C0*! 1.#&'&IB! !62!
-)(*/7! /3! (%)! '*,',*(/,0! ,>! >*&-)3! ,>! &! C#! 03! 3/-.1&(/,0! (%&(! )<%/@/(! (%)! 7&(&18(/7!
7,0(&7(!D\1.I2APEF!v!WJT!lJ!P''&*)0(!B-3!3%,.1:!@)!7,03/:)*):!&''*,</-&()!3/07)!
(%)*-&1!.0>,1:/04!K&3!0,(!*)G)*3/@1)J!9')7/>/7!&7(/G/(8!/3!*)',*():!&3!')*7)0(!,>!K(!
&7(/G/(8J!
Hinge sequences
Percent WT activity
In vivo complementation
assay
Apparent Tm (˚C)
MD metric
PMHQVN 2.38 - 51 0.205
PMHQTN 28.84 + 48.7 0.980
PMHQVT 2.38 - 51 0.615
PMHQIN 2.38 - 47 0.894
PMFQVA 20.39 + 51 0.587
PMAQVT 2.38 + 47 0.987
PMSQVT 2.38 + 47.3 0.709
PMHQYN 2.38 + 47.7 0.306
PMFQVS 10.81 + 48.7 0.996
PMAQTT 2.38 + 47.3 0.931
PMHQFN 2.38 + 47.7 0.951
PMHQVD 4.32 + 48 0.994
PMHQLN 2.38 + 47 0.028
PMHQFT 2.45 - 51 0.987
PMEQVT 5.67 + 48 0.998
PMHQLT 2.38 + 47 0.103
PEHQVN 2.38 + 45.7 0.651
PMHKVN 9.28 + 48 0.052
PMHQQN 2.38 - 46.7 0.993
PEHQVT 2.38 + 44.3 0.312
PMHQKN 2.38 + 47 0.254
PMHKVT 2.38 + 48 0.816
PMHQEN 2.38 - 47 0.511
PMAQLT 2.38 - 48 0.999
! Y[!
>'#10! ?@QB!J-=='&I! +E! %50! =+$%! '(%.O0! =-%'*%$B! !C,' ;0%)*! &7(/G/(8! /3! 3%,K0! &3!
')*7)0(! ,>! (%)! K/1:I(8')! DMBF! )0=8-)! &7(/G/(8J! B%)! 62! '*,(,7,1! '*):/7():! &11! (%)!
%/04)! -.(&0(3! (,! @)! &7(/G)J! $,-'&*/3,0! ,>! (%)! -,3(! &7(/G)! %/04)3! K/(%! (%)! 69P!
DB&@1)!WITF!/0:/7&()3!(%&(!,.(!,>!(%)!(K)1G)!-,3(!&7(/G)!%/04)35!()0!&*)!0,(!'*)3)0(!/0!
0&(.*)J!!62!m!-,1)7.1&*!:80&-/73!'*):/7(/,03J!Pm!&7(/G)J!
Most active hinges
Activity Library
Natural double
hinge mutant?
Natural N-terminal
hinge?
Natural C- terminal
hinge?
MD
PIWFTA 98.4 Closed no yes no A
PIWVTA 96.9 Closed yes yes yes A
PIWQTA 94.3 Closed no yes yes A
PIYKTA 89.4 Closed
Biased no yes yes A
PIWSTA 86.8 Closed no yes no A
PIWYTA 85.1 Closed no yes no A
PIWVVA 84.5 Closed no yes yes A
PIWTTA 80.2 Closed no yes no A
PEWVTA 76.7 Closed no yes yes A
PIWITA 75.9 Closed no yes yes A
PIWLTA 74.6 Closed no yes yes A
PIWKTA 71.6 Closed yes yes yes A
! Z#!
>'#10!?@RB!3+=C'&.$+*!+E!42!&0$-1%$!;.%5!362!&0$-1%$B!`P!m!0,(!&''1/7&@1)J!!
CPD alone
After MD screening
# true positive designs 58 37
# true negative designs NA 20
# false positive designs 38 18
# false negative designs NA 21
# designs to characterize 96 55
# designs to discard NA 41
! ZC!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
S.<-&0!?@AB!>&.+$0C5+$C5'%0!.$+=0&'$0!'$!'!=+,01!$I$%0=!E+&!(+*E+&='%.+*'1!
(5'*<0$! .*! 0*LI='%.(! ('%'1I$.$B! T"U! RG)*&11! 3(*.7(.*)! ,>! B+6! :)'/7(/04! (%)!
7,0>,*-&(/,0&1! 7%&04)! @)(K))0! (%)! ,')0! D,*&04)! 7&*(,,0F! &0:! 71,3):! D'.*'1)!
7&*(,,0F!3(&()3B!TVU!B+6!1,,'!O!)-'%&3/=/04!(%)!`I()*-/0&1!DEeMF!&0:!$I()*-/0&1!
"! V!
3! 2!
W!
! ZT!
DaePF!%/04)3!&(!(%)!@)4/00/04!&0:!)0:!,>!(%)!1,,'5!*)3')7(/G)18J!B%)!%/04)3!'*,G/:)!
(%)!>1)</@/1/(8!>,*!(%)!7,0>,*-&(/,0&1!7%&04)J!T3U!\18ICYWw3!@&7S@,0)!%8:*,4)0!@,0:!
(,! (%)! 2APE! '%,3'%&()! -,/)(8! '*,G/:)3! (%)! (/4%(! '%,3'%&()! @/0:/04! &0:! (%)!
3)H.)3(*&(/,0! ,>! (%)! *)&7(/,0! /0()*-):/&()J!T2U!B+6! &7(/G)! 3/()! :)'/7(/04! 7&(&18(/7!
*)3/:.)3! D\1.ICOY5! A/3I["! &0:! N83ICWFJ! TWU!B%)! B+6! *)&7(/,0! 37%)-)J! N,,'! Ow3!
71,3):! 7,0>,*-&(/,0! /3! *)3',03/@1)! >,*! 3)H.)3()*/04! (%)! *)&7(/,0! /0()*-):/&()5!
K%/7%! K,.1:! ,(%)*K/3)! *)&7(! K/(%! K&()*! &0:! )1/-/0&()3! '%,3'%&()! '*,:.7/04!
-)(%81!418,<&15!&!%/4%18!78(,(,</7!-,1)7.1)J!!
! ZW!
!
!
!
!
!
!!
!
S.<-&0! ?@HB! J-=='&I! +E! %50! (+=C-%'%.+*'11I! ,0$.<*0,! >)4! 5.*<0! 1.#&'&.0$B!
6.(&(/,0&1!>*)H.)078!1,4,3!&*)!3%,K0!>,*!(%)!(K,!992!&0:!(%)!(%*))!692!1/@*&*/)3J!
B%)!37,*/04!>.07(/,0!/3!3%,K0!>,*!)&7%!1/@*&*8J!B%)!71,3):!1/@*&*8!/3!(%)!,0)!(%&(!@)3(!
*)3)-@1)3!(%)!69P!,>!0&(.*&1!B+63!DB&@1)!WICF5!:/*)7(/04!:/G)*3/(8!(,!3/()3!T5!X5!&0:!
"!&0:!7%,,3/04!(%)!K/1:I(8')!&-/0,!&7/:!/0!(%)!,(%)*!3/()3J!P3!(%)!,')0!3(&()!/3!4/G)0!
-,*)!/-',*(&07)!/0!(%)!:)3/40!7&17.1&(/,05!:/G)*3/(8!/3!:/*)7():!(,!&11!3/()3!)<7)'(!>,*!
(%)!>/*3(!3/()5!K%/7%!/3!&1K&83!(%)!&-/0,!&7/:!'*,1/0)J!!
!
8>!
!
!
31+$0,!
W
%!X!W
(1+$0,!!
!
31+$0,!V.'$0,!
W
%!X!W
+C0*!Y!N!W
(1+$0,!!
!
WO0*!
W
%!X!W
+C0*!Y!W
(1+$0,!!
!
ZC0*!V.'$0,!
W
%!X!W
+C0*!Y![BH!W
(1+$0,!!
! ZC0*!!
W
%!X!W
+C0*!
!
!
!!!\@%0&=.*'1!5.*<0!!!!!!!!!!3@%0&=.*'1!5.*<0!!
!
!A! !H! !!!!?! !!!!M! !!!!!!!N!!!!!!!!!G!
! ZX!
S.<-&0! ?@?B!"#! $%$&! (+=C10=0*%'%.+*! '$$'I! &0$-1%$! E+&! %50! ,0$.<*0,! 1.#&'&.0$B!
;G)*8! -.(&0(! /0! (%)! 71,3):! &0:! 71,3):! @/&3):! 1/@*&*/)3! 7,-'1)-)0():! (%)! B+6I :)>/7/)0(!3(*&/0J!N/@*&*/)3!K/(%!&!%/4%)*!7,0(*/@.(/,0!,>!(%)!,')0!3(&()!D)G)05!,')0!
@/&3):5!&0:!,')0F!&*)!1)33!)>>)7(/G)!&(!7,-'1)-)0(/04!(%)!B+6I:)>/7/)0(!3(*&/0J
! Z"!
S.<-&0!?@MB!"#!$%'(&!'(%.O.%I!'$$'I!&0$-1%$!E+&!0'(5!+E!%50!1.#&'&.0$B!P11!-.(&0(3!
3%,K):! 3,-)! 1)G)1! ,>! &7(/G/(8J! B%)! 71,3):! 1/@*&*8! ,.(')*>,*-):! (%)! ,(%)*! >,.*!
1/@*&*/)3J!
31+$0,! 31+$0,!
V.'$0,! WO0*! ZC0*!
V.'$0,! ZC0*!
! 8>!
! ZO!
!
!
!
!
!
!
! !
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
S.<-&0!?@NB!!>50&=+E1-+&!'$$'I!$5+;0,!%5'%!'11!=-%'*%$!0K5.#.%!;.1,@%IC0@1.:0!
%50&='1! $%'#.1.%IB!P11! -.(&0(3! &*)! >,1:):! &0:! 3(&@1)J! P''&*)0(! B-3! 3%,.1:! @)!
7,03/:)*):!&''*,</-&()!4/G)0!(%&(!(%)!(%)*-&1!:)0&(.*&(/,0!K&3!0,(!*)G)*3/@1)J!
31+$0,! 31+$0,!
V.'$0,! WO0*! ZC0*!
V.'$0,! ZC0*!
! 8>!
! ZY!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
S.<-&0!?@GB!7'&I.*<!%50!(+*%&.#-%.+*!+E!%50!+C0*!'*,!%50!(1+$0,!$%'%0$!.*!%50!
4J2! ('1(-1'%.+*B!2)3/403! K/(%/0! )&7%! 1/@*&*8! &*)! 7&()4,*/=):! &77,*:/04! (,! (%)/*!
7&(&18(/7!&7(/G/(8!DMB5!%/4%!&7(/G/(85!-):/.-!&7(/G/(85!&0:!1,K!&7(/G/(8FJ!`.-@)*3!,0!
(%)!<I&</3!&*)!(%)!K)/4%(/04!7,)>>/7/)0(3!>,*!)&7%!1/@*&*8J!!R0!(%)!@&*35!(%)!0.-@)*!,>!
:)3/403!K/(%/0!(%)!(,'!TX!3)H.)07)3!(%&(!>&11!/0(,!)&7%!7&()4,*8!&*)!3%,K0J!N/@*&*/)3!
K/(%! K)/4%(/04! 7,)>>/7/)0(3! *&04/04! >*,-! CW! (,! C##! ')*>,*-):! (%)! @)3(! &(!
*)7&'/(.1&(/04!MB!%/04)!3)H.)07)3J!
!
! ZZ!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
S.<-&0! ?@PB! 3+=C'&.$+*! +E! =+&0! (1+$0,! #.'$0,! >)4! 5.*<0! 1.#&'&.0$! ;.%5! %50!
4J"]!'*,!%50!+&.<.*'1!(1+$0,!'*,!(1+$0,!#.'$0,!1.#&'&.0$B!6.(&(/,0&1!>*)H.)078!
1,4,3!&*)!3%,K0!>,*!(%)!992!71,3):5!(%*))!692!1/@*&*/)35!&0:!(%)!69PJ!B%)!37,*/04!
>.07(/,0! /3! 3%,K0! >,*! )&7%! 1/@*&*8J! B%)! 71,3):! @/&3):! D"#F! &0:! DCXF! 1/@*&*/)3! @)3(!
*)3)-@1)! (%)! 69P! ,>! 0&(.*&1! B+635! :/*)7(/04! :/G)*3/(8! (,! 3/()3! T5! X5! &0:! "! &0:!
7%,,3/04!(%)!K/1:I(8')!&-/0,!&7/:!/0!(%)!,(%)*!3/()3J!!$1,3):!@/&3):!1/@*&*/)3!D"#!&0:!
CXF5!*)7,G)*!183/0)!&3!(%)!-,3(!>*)H.)0(!&-/0,!&7/:!&(!3/()!X(%5!-/-/7S/04!:/G)*3/(8!/0!
0&(.*&1!B+63!D69PFJ!
!
4J"!
!
!
31+$0,!
W
%!X!W
(1+$0,!
!
31+$0,!V.'$0,!TN[U!
W
%!X!N[!W
(1+$0,!Y!W
+C0*!
!
31+$0,!V.'$0,!TAMU!
W
%!X!AM!W
(1+$0,!Y!W
+C0*!!
!
31+$0,!V.'$0,!
W
%!X!N!W
(1+$0,!Y!W
+C0*!
!
!!!\@%0&=.*'1!5.*<0!!!!!!!!!!3@%0&=.*'1!5.*<0!!
!
!A! !H! !!!!?! !!!!M! !!!!!!!N!!!!!!!!!G!
! Z[!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
S.<-&0!?@QB!42!'*'1I$.$!+E!>)4!5.*<0!=-%'*%$B!!$,-'&*/3,0!,>!3/-.1&(/,0!*)3.1(3!
>,*! &! %/4%18! &7(/G)! %/04)! -.(&0(! DE+MeeP5! 71,3):! 1/@*&*8F! &0:! &! ',,*18! &7(/G)!
-.(&0(! DE2Ake`5! ,')0! @/&3):! 1/@*&*8F! 3%,K! (%)! .(/1/(8! ,>! 62! &0&183/3J!T"U! B%)!
7&(&18(/7!7,0(&7(!,>!(%)!&7(/G)!3/()!\1.(&-&()!(,!(%)!3.@3(*&()!2APE!/3!S)'(!7,03(&0(!
>,*!(%)!)0(/*)!3/-.1&(/,0!,>!E+MeeP5!K%/1)!(%)!7,0(&7(!/3!1,3(!>,*!E2Ake`J!TVU!B%)!
%8:*,4)0!@,0:!,>!\18!CYW5!&!*)3/:.)!K/(%/0!1,,'!O!(%&(!7,0(&7(3!(%)!ERX!-,/)(8!,>!
2APE5! /3! -,0/(,*):J! E+MeeP! -&/0(&/03! (%)! 7,0(&7(! :.*/04! (%)! )0(/*)! 3/-.1&(/,0J!
N,33! ,>! (%)! 7,0(&7(! /0! E2Ake`! )G/:)07)3! 1&7S! ,>! (/4%(! '%,3'%&()! @/0:/045! K%/7%!
3.44)3(3!(%&(!(%/3!:)3/40!7,.1:!@)!3&-'1/04!(%)!,')0!3(&()!-,*)!,>()0!(%&0!)<')7():!
>,*! &0! %/4%18! &7(/G)! )0=8-)J!T3U!$,-'&*/3,0! ,>! 62! *)3.1(3! K/(%! (%)! )<')*/-)0(&1!
7%&*&7()*/=&(/,0! ,>! &11! (%)! %/04)! -.(&0(3J! `Ee! m! 0)4&(/G)! '*):/7(/G)! G&1.)5! EEe! m!
',3/(/G)!'*):/7(/G)!G&1.)J!!!
!
!
"! V!
3!
! [#!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
!
S.<-&0!?@RB!J2J@6"^W!'*'1I$.$!+E!0*LI=0!$'=C10$B!P>()*!'.*/>/7&(/,0!@8!&>>/0/(8!
7%*,-&(,4*&'%8!DA/3I3)1)7(!*)3/0F5!3&-'1)!'.*/(8!K&3!7,0>/*-):!@8!929IEP\;J!!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!
!
!
!
!
!
!
!
!
!
! [C!
/0E0&0*(0$!
!
CJ! P11)05!]J!2J!x!6&8,5!9J!NJ!DT##OFJ!2*&-&(/7!')*>,*-&07)!)0%&07)-)0(3!>,*!(%)!
>&3()*!,'(/-/=&(/,0!&14,*/(%-J!3*-),#<'*('5*+$-%#%0*,#<'51&+0.%):!HP5!C#YCI C#Y"J!
TJ! P1G/=,! R5! P11)0! ]2! x! 6&8,! 9NJ! DT##YFJ! $,-'.(&(/,0&1! '*,()/0! :)3/40!
'*,-/3)3!(,!*)G,1.(/,0/=)!'*,()/0!)04/0))*/04J!I0*%&/1,0J-&.!MH5!WChW"J!
WJ! ],1,05! 2J! `J! x! 6&8,5! 9J! NJ! DT##CFJ! ;0=8-)I1/S)! '*,()/03! @8! 7,-'.(&(/,0&1!
:)3/40J!G)*/&&"0,=.'*('%1&'K#%0*,#<'!/#"&+:'*('6/0&,/&.'*('%1&'L,0%&"'6%#%&.'*('
!+&)0/#!RQ5!CXTYXICXTY[J!
XJ! 2&%/8&(5!]J!+J!x!6&8,5!9J!NJ!DC[[YFJ!2)!0,G,!'*,()/0!:)3/40U!?.118!&.(,-&():!
3)H.)07)!3)1)7(/,0J!6/0&,/&!HPQ5!ZTIZYJ!
"J! ?1)/3%-&05!9J!yJ5!M%/()%)&:5!BJ!PJ5!;S/)*(5!2J!$J5!2*)8>.35!$J5!$,*05!yJ!;J5!9(*&.7%5!
;J! 6J5! M/13,05! +J! PJ! x! ]&S)*5! 2J! DT#CCFJ! $,-'.(&(/,0&1! :)3/40! ,>! '*,()/03!
(&*4)(/04!(%)!7,03)*G):!3()-!*)4/,0!,>!/0>1.)0=&!%)-&441.(/0/0J!6/0&,/&!??H5!
ZCOIZTCJ!
OJ! y/&045!NJ5!P1(%,>>5!;J!PJ5!$1)-)0()5!?J!LJ5!2,81)5!NJ5!L,(%1/3@)*4)*5!2J5!z&04%)11/0/5!
PJ5!\&11&%)*5!yJ!NJ5!])(S)*5!yJ!NJ5!B&0&S&5!?J5!]&*@&35!$J!?J5!A/1G)*(5!2J5!A,.S5!aJ!`J5!
9(,::&*:5! ]J! NJ! x! ]&S)*5! 2J! DT##ZFJ! 2)! 0,G,! 7,-'.(&(/,0&1! :)3/40! ,>! *)(*,I
&1:,1!)0=8-)3J!6/0&,/&!?AR5!CWZYICW[CJ!
YJ! a.%1-&05! ]J5! 2&0(&35! \J5! +*)(,05! \J! $J5! e&*&0/5! \J5! 9(,::&*:5! ]J! NJ! x! ]&S)*5! 2J!
DT##WFJ! 2)3/40! ,>! &! 0,G)1! 41,@.1&*! '*,()/0! >,1:! K/(%! &(,-/7I1)G)1! &77.*&78J!
6/0&,/&!?[H5!CWOXICWOZJ!
ZJ! E*/G)((5! AJ! aJ5! a/335! \J5! N))5! BJ! 6J5! ]1,-@)*45! LJ5! $%/7&5! LJ! PJ5! B%,-&35! NJ! 6J5!
A/1G)*(5! 2J5! A,.S5! aJ! `J! x! 6&8,5! 9J! NJ! DT#CTFJ! +()*&(/G)! &''*,&7%! (,!
7,-'.(&(/,0&1! )0=8-)! :)3/40J! G)*/&&"0,=.' *(' %1&' K#%0*,#<' !/#"&+:' *(' 6/0&,/&.'*('%1&'L,0%&"'6%#%&.'*('!+&)0/#!A[R5!WY[#IWY["J!
[J! L,(%1/3@)*4)*5! 2J5! a%)*3,03S85! RJ5! M,11&7,((5! PJ! 6J5! y/&045! NJ5! 2)$%&07/)5! yJ5!
])(S)*5!yJ5!\&11&%)*5!yJ!NJ5!P1(%,>>5!;J!PJ5!z&04%)11/0/5!PJ5!28-5!RJ5!P1@)7S5!9J5!A,.S5!
aJ! `J5! B&K>/S5! 2J! 9J! x! ]&S)*5! 2J! DT##ZFJ! a)-'! )1/-/0&(/,0! 7&(&183(3! @8!
7,-'.(&(/,0&1!)0=8-)!:)3/40J!K#%-)&!MN?5!C[#I_XJ!
C#J! 9/)4)15!yJ!]J5!z&04%)11/0/5!PJ5!N,G/7S5!AJ!6J5!a/335!\J5!N&-@)*(5!PJ!LJ5!$1&/*5!yJ!NJ!9J5!
\&11&%)*5!yJ!NJ5!A/1G)*(5!2J5!\)1@5!6J!AJ5!9(,::&*:5!]J!NJ5!A,.S5!aJ!`J5!6/7%&)15!?J!;J!
! [T!
x! ]&S)*5! 2J! DT#C#FJ! $,-'.(&(/,0&1! :)3/40! ,>! &0! )0=8-)! 7&(&183(! >,*! &!
3()*),3)1)7(/G)!@/-,1)7.1&*!:/)13I&1:)*!*)&7(/,0J!6/0&,/&!?HR5!W#[IWCWJ!
CCJ! \)*3()/05! 6J5! N)3S5! PJ! 6J! x! $%,(%/&5! $J! DC[[XFJ! 9(*.7(.*&1! -)7%&0/3-3! >,*!
:,-&/0!-,G)-)0(3!/0!'*,()/03J!I0*/1&+0.%):!??5!OYW[IOYX[J!
CTJ! A&--)35!\J!\J!DT##TFJ!6.1(/'1)!7,0>,*-&(/,0&1!7%&04)3!/0!)0=8-)!7&(&183/3J!
I0*/1&+0.%):!MA5!ZTTCIZTTZJ!
CWJ! A)0=1)*IM/1:-&05! aJ! x! a)*05! 2J! DT##YFJ! 280&-/7! ')*3,0&1/(/)3! ,>! '*,()/03J!
K#%-)&!MN[5![OXI[YTJ!
CXJ! A)0=1)*IM/1:-&05! aJ! PJ5! B%&/5! eJ5! N)/5! 6J5! R((5! 6J5! M,1>IM&(=5! 6J5! ?)005! BJ5!
E,=%&*3S/5!;J5!M/13,05!6J!PJ5!E)(3S,5!\J!PJ5!a&*'1.35!6J5!A.@0)*5!$J!\J!x!a)*05!2J!
DT##YFJ!+0(*/03/7!-,(/,03!&1,04!&0!)0=8-&(/7!*)&7(/,0!(*&Q)7(,*8J!K#%-)&!MN[5!
ZWZI_CWJ!
C"J! A)*37%1&45!2J!DC[ZZFJ!B%)!*,1)!,>!/0:.7):!>/(!&0:!7,0>,*-&(/,0&1I7%&04)3!,>!
)0=8-)3!/0!3')7/>/7/(8!&0:!7&(&183/3J!I0**)=#,0/'51&+0.%):!AG5!OTI[OJ!
COJ! L/7%&*:5! yJ! EJ! DT#CTFJ! P! '&*&:/4-! >,*! )0=8-)I7&(&18=):! '*,(,0! (*&03>)*! &(!
7&*@,0U!B*/,3)'%,3'%&()!/3,-)*&3)J!I0*/1&+0.%):!NA5!TO"TITOOCJ!
CYJ! 2&G)85! yJ! PJ! x! $%/7&5! LJ! PJ! DT#CTFJ! 6.1(/3(&()! &''*,&7%)3! /0! 7,-'.(&(/,0&1!
'*,()/0!:)3/40J!G)*%&0,'6/0&,/&!HA5!CTXCICT"TJ!
CZJ! P11)05!]J!2J!x!6&8,5!9J!NJ!DT#C#FJ!P0!)>>/7/)0(!&14,*/(%-!>,*!-.1(/3(&()!'*,()/0!
:)3/40!@&3):!,0!>&3()*J!3*-),#<'*('5*+$-%#%0*,#<'51&+0.%):!?A5![#XI[COJ!
C[J! P11)05!]J!2J5!`/3(%&15!PJ!x!6&8,5!9J!NJ!DT#C#FJ!;<')*/-)0(&1!1/@*&*8!37*))0/04!
:)-,03(*&()3! (%)! 3.77)33>.1! &''1/7&(/,0! ,>! 7,-'.(&(/,0&1! '*,()/0! :)3/40! (,!
1&*4)!3(*.7(.*&1!)03)-@1)3J!G)*/&&"0,=.'*('%1&'K#%0*,#<'!/#"&+:'*('6/0&,/&.'*('
%1&'L,0%&"'6%#%&.'*('!+&)0/#!A[P5!C[ZWZIC[ZXWJ!
T#J! P-@*,44/,5! {J! +J! x! a.%1-&05! ]J! DT##OFJ! $,-'.(&(/,0&1! :)3/40! ,>! &! 3/041)!
&-/0,! &7/:! 3)H.)07)! (%&(! 7&0! 3K/(7%! @)(K))0! (K,! :/3(/07(! '*,()/0! >,1:3J!
3*-),#<'*('%1&'!+&)0/#,'51&+0/#<'6*/0&%:!AHQ5!CC"XICCOCJ!
TCJ! ?*)85! aJ! 6J5! \),*4/)G5! +J5! 2,0&1:5! ]J! LJ! x! P0:)*3,05! PJ! $J! DT#C#FJ! E*):/7(/04!
*)3/3(&07)! -.(&(/,03! .3/04! '*,()/0! :)3/40! &14,*/(%-3J!G)*/&&"0,=.' *(' %1&' K#%0*,#<' !/#"&+:' *(' 6/0&,/&.' *(' %1&' L,0%&"' 6%#%&.' *(' !+&)0/#!A[P5! CWY#YI CWYCTJ!
! [W!
TTJ! A&G*&0)S5! yJ! yJ! x! A&*@.*85! EJ! ]J! DT##WFJ! P.(,-&():! :)3/40! ,>! 3')7/>/7/(8! /0!
-,1)7.1&*!*)7,40/(/,0J!K#%-)&'6%)-/%-)#<'I0*<*=:!A[5!X"I"TJ!
TWJ! $./5!kJ!x!a&*'1.35!6J!DT##WFJ!$&(&183/3!&0:!3')7/>/7/(8!/0!)0=8-)3U!P!3(.:8!,>!
(*/,3)'%,3'%&()! /3,-)*&3)! &0:! 7,-'&*/3,0! K/(%! -)(%81! 418,<&1! 380(%&3)J!
G)*%&0,'60+-<#%0*,.!GG5!WC"I|J!
TXJ! a0,K1)35!yJ!LJ!DC[[CFJ!;0=8-)!7&(&183/3U!`,(!:/>>)*)0(5!Q.3(!@)(()*J!K#%-)&!?N[5!
CTCICTXJ!
T"J! a0,K1)35! yJ! LJ! x! P1@)*85! MJ! yJ! DC[YYFJ! E)*>)7(/,0! /0! )0=8-)! 7&(&183/3! I!
)0)*4)(/73!,>!(*/,3)'%,3'%&()!/3,-)*&3)J!!//*-,%.'*('51&+0/#<'M&.&#)/1!A[5!
C#"ICCCJ!
TOJ! M/)*)04&5!LJ!aJ5!a&')(&0/,.5!;J!\J!x!e)0S&()3&05!LJ!DT#C#FJ!B*/,3)'%,3'%&()!
/3,-)*&3)U!P!%/4%18!)G,1G):!@/,7&(&183(J!5&<<-<#)'#,"'9*<&/-<#)'70(&'6/0&,/&.!
GP5!W[OCIW[ZTJ!
TYJ! A&**/35!BJ!aJ!DT##ZFJ!B%)!-)7%&0/3(/7!G)0(.*)3!,>!(*/,3)'%,3'%&()!/3,-)*&3)J!
C->+>'70(&!G[5!C["IC[ZJ!
TZJ! L,=,G3S85!9J!x!672)*-,((5!PJ!;J!DT##CFJ!B%)!(/-)!37&1)!,>!(%)!7&(&18(/7!1,,'!
-,(/,0!/0!(*/,3)'%,3'%&()!/3,-)*&3)J!3*-),#<'*('9*<&/-<#)'I0*<*=:!?A[5!T"[I TY#J!
T[J! M/11/&-35! yJ! $J! x! 67:)*-,((5! PJ! ;J! DC[["FJ! 280&-/73! ,>! (%)! >1)</@1)! 1,,'! ,>!
(*/,3)'%,3'%&()! /3,-)*&3)! I! (%)! 1,,'! -,(/,0! /3! 0,(! 1/4&0:I4&():J!
I0*/1&+0.%):!?M5!ZW#[IZWC[J!
W#J! L/7%&*:5! yJ! EJ! DC[ZXFJ! P7/:I@&3)! 7&(&183/3! ,>! (%)! )1/-/0&(/,0! &0:!
/3,-)*/=&(/,0I*)&7(/,03! ,>! (*/,3)! '%,3'%&()3J! 3*-),#<' *(' %1&' !+&)0/#,' 51&+0/#<'6*/0&%:!A[G5!X[TOIX[WOJ!
WCJ! a)-'>5!yJ!\J5!y.045!yJ!fJ5!L&4&/05!$J5!9&-'3,05!`J!9J!x!N,*/&5!yJ!EJ!DT##YFJ!280&-/7!
*)H./*)-)0(3!>,*!&!>.07(/,0&1!'*,()/0!%/04)J!3*-),#<'*('9*<&/-<#)'I0*<*=:!?GQ5!
CWCICX[J!
WTJ! 9.05!yJ!x!9&-'3,05!`J!9J!DC[[[FJ!_0:)*3(&0:/04!'*,()/0!1/:3U!a/0)(/7!&0&183/3!
,>! &7(/G)! %/04)! -.(&0(3! /0! (*/,3)'%,3'%&()! /3,-)*&3)J! I0*/1&+0.%):! ?Q5!
CCXYXICCXZCJ!
! [X!
WWJ! 9.05! 9J! AJ! x! 9&-'3,05! `J! 9J! DC[[ZFJ! 2)()*-/0&(/,0! ,>! (%)! &-/0,! &7/:!
*)H./*)-)0(3! >,*! &! '*,()/0! %/04)! /0! (*/,3)'%,3'%&()! /3,-)*&3)J! G)*%&0,' 6/0&,/&!P5!CX["IC"#"J!
WXJ! `,@1)5!6J!;J!6J5!M/)*)04&5!LJ!aJ5!N&-@)/*5!PJ!6J5!R'')*:,)35!?J!LJ5!B%.00/33)05!
PJ!6J!MJ!AJ5!a&1S5!aJ!AJ5!\*,)0:/QS5!AJ!x!A,15!MJ!\J!yJ!DC[[CFJ!B%)!&:&'(&@/1/(8!,>!
(%)!&7(/G)I3/()!,>!(*8'&0,3,-&1!(*/,3)'%,3'%&()!/3,-)*&3)!&3!,@3)*G):!/0!(%)!
7*83(&1I3(*.7(.*)3! ,>! W! :/>>)*)0(! 7,-'1)<)3J!G)*%&0,.D6%)-/%-)&' N-,/%0*,' #,"' O&,&%0/.!A[5!"#IO[J!
W"J! 9.11/G&05!]J!yJ5!2.*&0/5!eJ!x!6&41/)*85!BJ!yJ!DT#CCFJ!B*/,3)'%,3'%&()!/3,-)*&3)!
@8!7,03)03.3!:)3/40U!2*&-&(/7!:/>>)*)07)3!/0!'%83/7&1!'*,')*(/)3!&0:!&7(/G/(8!
,>!*)1&():!G&*/&0(3J!3*-),#<'*('9*<&/-<#)'I0*<*=:!MA?5!C["IT#ZJ!
WOJ! ;*/733,05! _J! ]J5! A&11@)*45! ]J! 6J5! 2)B/((&5! \J! BJ5! 2)SS)*5! `J! x! `,*:1.0:5! EJ!
DT##OFJ! B%)*-,>1.,*I@&3):! %/4%I(%*,.4%'.(! 3(&@/1/(8! ,'(/-/=&(/,0! ,>!
'*,()/03!>,*!3(*.7(.*&1!3(.:/)3J!!,#<:%0/#<'I0*/1&+0.%):!?NP5!TZ[IT[ZJ!
WYJ! N&G/0:)*5! yJ! yJ5! A&*/5! 9J! ]J5! 9.11/G&05! ]J! yJ! x! 6&41/)*85! BJ! yJ! DT##[FJ! A/4%I (%*,.4%'.(! (%)*-&1! 37&00/04U! P! 4)0)*&15! *&'/:! :8)I@/0:/04! (%)*-&1! 3%/>(!
37*))0!>,*!'*,()/0!)04/0))*/04J!3*-),#<'*('%1&'!+&)0/#,'51&+0/#<'6*/0&%:!A?A5!
WY[XI|J!
WZJ! {/&045! yJ! fJ5! 9.05! yJ! AJ! x! 9&-'3,05! `J! 9J! DT##CFJ! B%)! /-',*(&07)! ,>! %/04)!
3)H.)07)!>,*!1,,'!>.07(/,0!&0:!7&(&18(/7!&7(/G/(8!/0!(%)!*)&7(/,0!7&(&18=):!@8!
(*/,3)'%,3'%&()!/3,-)*&3)J!3*-),#<'*('9*<&/-<#)'I0*<*=:!?[P5!CC#WICCCTJ!
W[J! a.*3.1&5!+J5!9&1/05!6J5!9.05!yJ5!`,*1):4)5!]J!eJ5!A&&'&1&/0)05!PJ!6J5!9&-'3,05!`J!9J!
x!M/)*)04&5!LJ!aJ!DT##XFJ!_0:)*3(&0:/04!'*,()/0!1/:3U!9(*.7(.*&1!&0&183/3!,>!
&7(/G)! %/04)! -.(&0(3! /0! (*/,3)'%,3'%&()! /3,-)*&3)J! G)*%&0,' @,=0,&&)0,=' F&.0=,'P'6&<&/%0*,!AP5!WY"IWZTJ!
X#J! N)&G)*I?&85! PJ5! B8S&5! 6J5! N)K/35! 9J! 6J5! N&04)5! RJ! ?J5! B%,-'3,05! yJ5! y&7&S5! LJ5!
a&.>-&05!aJ5!L)0>*)K5!EJ!2J5!9-/(%5!$J!PJ5!9%)>>1)*5!MJ5!2&G/35!+J!MJ5!$,,')*5!9J5!
B*)./11)5!PJ5!6&0:)115!2J!yJ5!L/7%()*5!?J5!]&05!fJ!;J!PJ5!?1)/3%-&05!9J!yJ5!$,*05!yJ!;J5!
a/-5! 2J! ;J5! N83S,G5! 9J5! ])**,0:,5! 6J5! 6)0(=)*5! 9J5! E,',G/75! zJ5! A&G*&0)S5! yJ! yJ5!
a&*&0/7,1&35!yJ5!2&35!LJ5!6)/1)*5!yJ5!a,*()--)5!BJ5!\*&85!yJ!yJ5!a.%1-&05!]J5!]&S)*5!
2J!x!]*&:1)85!EJ!DT#CCFJ!L,3)((&WU!P0!,@Q)7(I,*/)0():!3,>(K&*)!3./()!>,*!(%)!
3/-.1&(/,0! &0:! :)3/40! ,>! -&7*,-,1)7.1)3J!9&%1*".' 0,' @,E:+*<*=:Q' R*<' STUV' 5*+$-%&)'9&%1*".Q'G%'55!"X"I"YXJ!
XCJ! $&3)!2P5!BJPJ!2&*:)05!BJ;J!$%)&(%&-!+++5!$JNJ!9/--)*1/045!yJ!M&045!LJ;J!2.S)5!
LJ!N.,5!LJ$J!M&1S)*5!MJ!z%&045!aJ6J!6)*=5!]JEJ!L,@)*(35!]J!M&045!9J!A&8/S5!PJ!
! ["!
L,/(@)*45!\J!9)&@*&5!+J!a,1,33G}*85!aJ?J!M,045!?J!E&)3&0/5!yJ!e&0/7)S5!{J!M.5!9JLJ!
]*,=)115!BJ!9()/0@*)7%)*5!AJ!\,%1S)5!kJ!$&/5!{J!f)5!yJ!M&045!6JIyJ!A3/)%5!\J!$./5!
2JLJ!L,)5!2JAJ!6&(%)K35!6J\J!9))(/05!$J!9&4./5!eJ!]&@/05!BJ!N.7%S,5!9J!\.3&*,G5!
a,G&1)0S,5!PJ!x!a,11-&05!&J!EJ!PJ!DT##[FJ!P-@)*!CCJ!L,0;&)0.%:'*('5#<0(*),0#Q' 6#,'N)#,/0./*J!
XTJ! M&045! yJ! 6J5! M,1>5! LJ! 6J5! $&1:K)115! yJ! MJ5! a,11-&05! EJ! PJ! x! $&3)5! 2J! PJ! DT##"FJ!
2)G)1,'-)0(! &0:! ()3(/04! ,>! &! 4)0)*&1! &-@)*! >,*7)! >/)1:! DG,1! T"5! '4! CC"Y5!
T##XFJ!3*-),#<'*('5*+$-%#%0*,#<'51&+0.%):!HG5!CCXICCXJ!
XWJ! e&0H.)1)>5!;J5!9/-,05!9J5!6&*H.&0(5!\J5!\&*7/&5!;J5!a1/-)*&S5!\J5!2)1)'/0)5!yJ!$J5!
$/)'1&S5! EJ! x! 2.'*&:)&.5! ?J! fJ! DT#CCFJ! LJ;J2J! 9)*G)*U! P! K)@! 3)*G/7)! >,*!
:)*/G/04! *)3'! &0:! )3'! 7%&*4)3! &0:! @./1:/04! >,*7)! >/)1:! 1/@*&*/)3! >,*! 0)K!
-,1)7.1)3!&0:!-,1)7.1&*!>*&4-)0(3J!K-/<&0/'!/0".'M&.!?R5!M"CCIYJ!
XXJ! E/4&7%)5! PJ5! $/)'1&S5! EJ! x! 2.'*&:)&.5! ?J! fJ! DT##XFJ! P.(,-&(/7! &0:! %/4%18!
*)'*,:.7/@1)!*)3'!&0:!)3'!7%&*4)!:)*/G&(/,0U!P''1/7&(/,0!(,!(%)!:)G)1,'-)0(!
,>! '*,4*&-3! *):! &0:! <! *):J!!>.%)#/%.' *(' G#$&).' *(' %1&' !+&)0/#,' 51&+0/#<' 6*/0&%:!HHP5!_C#CCI_C#CCJ!
X"J! E%/11/'35!yJ5!]*&.05!LJ5!M&045!MJ5!\.-@&*(5!yJ5!B&QS%,*3%/:5!;J5!e/11&5!;J5!$%/',(5!
$J5!9S))15!LJ5!a&1)5!NJ!x!97%.1()05!aJ!DT##"FJ!97&1&@1)!-,1)7.1&*!:80&-/73!K/(%!
0&-:J!3'5*+$-%'51&+!HG5!CYZCICZ#TJ!
XOJ! A.-'%*)85! MJ5! 2&1S)5! PJ! x! 97%.1()05! aJ! DC[[OFJ! e-:U! e/3.&1! -,1)7.1&*!
:80&-/73J!3'9*<'O)#$10/.!AM5!WWIWZJ!
XYJ! \,5!6J!aJ5!a,.:)1S&5!PJ5!P-8)35!BJ!NJ!x!L/7%&*:5!yJ!EJ!DT#C#FJ!L,1)!,>!183ICT!/0!
7&(&183/3! @8! (*/,3)'%,3'%&()! /3,-)*&3)U! P! (K,I'&*(! 3.@3(*&()! &''*,&7%J!
I0*/1&+0.%):!MR5!"WYYI"WZ[J!
!
!
! "#!
!
$%&'()*!+,!
!
-!./0%12%*340%'4(!$35'4(&(/36&7!8*&5)93*:!;3*!
!"#$%&%!<6=>5)!?)@/06!&6A!/(@!-''7/B&(/36!
239&*A@!(%)!?)@/06!3;!2*/3@)'%3@'%&()!
+@35)*&@)!-B(/C/(>!
!
!
!
!
! "D!
"#$%&'(%!
E)B)6(7>F! B35'4(&(/36&7! '*3()/6! A)@/06! );;3*(@! %&C)! ;3B4@)A! 36! &! C)*>! B%&77)60/60!
&6A! )G(*)5)7>! 4@);47! 3HI)B(/C)JA)@/06/60! )6=>5)@! ;*35! @B*&(B%K! 2%)! 03&7! 3;! (%/@!
@(4A>!9&@!(%)!'"#(%&%!A)@/06!3;!)6=>5&(/B!&B(/C/(>!/6(3!&6!/6)*(!@B&;;37AK!L)!B%3@)!
(*/3@)'%3@'%&()! /@35)*&@)! M2+NO! &@! 34*! 53A)7! @>@()5F! &@! /(! /@! )&@>! (3! 93*:! 9/(%!
&6A! %&@! H))6! 9)77! B%&*&B()*/=)A! )G')*/5)6(&77>K! L)! A)C/@)A! &6A! /5'7)5)6()A! &!
%/0%1(%*340%'4(!B35'4(&(/36&7!;*&5)93*:!(%&(!@)7)B(@!&''*3'*/&()!@(*4B(4*)@!;*35!
'*3()/6!A&(&H&@)@!&6A!@B*))6@!(%)@)!@B&;;37A@!;3*!'3@@/H7)!&B(/C)!@/()@!H&@)A!36!(%)!
0)35)(*/B! B36@(*&/6(@! 3;! (%)! *)&B(/36K! P(&H/7/=/60! 54(&(/36@! 9)*)! (%)6! '*)A/B()A!
4@/60!B36C)6(/36&7!)6=>5)!A)@/06!5)(%3A@K!8/6&77>F!4@/60!(%)!537)B47&*!A>6&5/B@!
'*3(3B37!A)@B*/H)A!/6!$%&'()*!++!3;!(%/@!(%)@/@F!B&6A/A&()!A)@/06@!9)*)!@B*))6)A!;3*!
H/6A/60! (3! (%)! @4H@(*&()K! Q;! (%)! @(&*(/60! RSTTT! @(*4B(4*)@F! ;/C)! 63C)7! @B&;;37A@!
'&@@)A!(%)!H&(()*>!3;!B35'4(&(/36&7!()@(@!&7360!9/(%!@)C)6!6&(4*&7!2+N@!(%&(!9)*)!
/6B74A)A! &@! '3@/(/C)! B36(*37@K! 23'! A)@/06@! &6A! A)0)6)*&()! B3A36! M?$O! 7/H*&*/)@!
H&@)A!36!(%)!;/C)!63C)7!@B&;;37A@!9)*)!@4H@)U4)6(7>!B36@(*4B()A!&6A!B%&*&B()*/=)A!
)G')*/5)6(&77>K!V6;3*(46&()7>F!636)!3;!(%)!A)@/06@!@%39)A!5)&@4*&H7)!&B(/C/(>K!+6!
&AA/(/36F! B35H/6&(3*/&7! ?$! 7/H*&*/)@! 9)*)! A)@/06)A! ;3*! (93! 3(%)*! 63C)7! @B&;;37A@F!
H4(!(%)@)!&0&/6!'*3A4B)A!63!&B(/C)!C&*/&6(@K!?)@'/()!(%)!7&B:!3;!@4BB)@@!/6!A)@/06/60!
)6=>5&(/B!&B(/C/(>!/6(3!/6)*(!@B&;;37A@F!34*!5)(%3A@!9)*)!&H7)!(3!*)B&'/(47&()!&B(/C)!
@/()@! /6! (%)! 9/7A1(>')! 2+N! @(*4B(4*)@! (%&(! @)*C)A! &@! '3@/(/C)! B36(*37@K! N3*)3C)*F!
(%)@)! B35'4(&(/36&77>! *)A)@/06)A! 2+N@! 9)*)! &H7)! (3! B35'7)5)6(! &! 2+N1A);/B/)6(!
)*+,"-.+,./# +%0.! @(*&/6F! A)536@(*&(/60! (%)! 3C)*&77! C&7/A/(>! 3;! 34*! B35'4(&(/36&7!
! "S!
&''*3&B%K! 2%)! 0)6)*&7! B35'4(&(/36&7! ;*&5)93*:! )@(&H7/@%)A! /6! (%/@! 93*:! /@!
'*35/@/60!&6A!B347A!'*3C)!4@);47!;3*!;4(4*)!)6=>5)!A)@/06!)6A)&C3*@K!
! ""!
)*%&+,-(%.+*!
<C374(/36!%&@!'*3A4B)A!5&6>!A/;;)*)6(!(>')@!3;!)6=>5)@!(%&(!B&(&7>=)!C)*>!A/C)*@)!
B%)5/B&7!*)&B(/36@KW!<6=>5)@!%&C)!@)C)*&7!&AC&6(&0)@!3C)*!3(%)*!(>')@!3;!B&(&7>@(@K!
2%)>! &*)! C)*>! );;/B/)6(F! %&C)! %/0%! @4H@(*&()! @')B/;/B/(>F! &6A! &*)! *)0/31! &6A!
@()*)3@')B/;/BK! N3@(! A3! 63(! *)U4/*)! 3*0&6/B! @37C)6(@! &6A! B&6! ;46B(/36!.(# &.&%! 3*! /6!
&U4)34@!)6C/*365)6(@!46A)*!63*5&7!B36A/(/36@!3;!()5')*&(4*)!&6A!'*)@@4*)K!2%)>!
&*)! &7@3! *)7&(/C)7>! )&@>! (3! B36@(*4B(! &6A! &*)! H/3A)0*&A&H7)K! 2%)@)! H)6);/(@! 5&:)!
)6=>5)@! '*);)*&H7)! &@! B&(&7>@(@! ;3*! &! H*3&A! @')B(*45! 3;! 5)A/B&7! &6A! /6A4@(*/&7!
&''7/B&(/36@K! Q6)! 7/5/(&(/36! 3;! (%)! &''7/B&H/7/(>! 3;! )6=>5)@! /@! (%)! ;&B(! (%&(! (%)!
6&(4*&7! *)')*(3/*)! /@! 7/5/()A! &6A! (%)*);3*)! (%)*)! &*)! 63! 6&(4*&7! )6=>5)@! ;3*!
B&(&7>=/60! 5&6>! *)&B(/36@! 3;! '3()6(/&7! /6()*)@(K! 2%4@! &! B)6(*&7! 03&7! /6! B%)5/B&7!
H/3730>!/@!(3!A)@/06!)6=>5)@!9/(%!63C)7!;46B(/36@K!
N&6>! '*3()/61)60/6))*/60! &''*3&B%)@! %&C)! H))6! 4@)A! (3! 0)6)*&()! 63C)7!
)6=>5&(/B! &B(/C/(>K! $&(&7>(/B! &6(/H3A/)@! M$-O! %&C)! H))6! A)C)73')A! (3! B&(&7>=)!
*)&B(/36@KX! P)C)*&7! A/;;)*)6(! B%)5/B&7! (*&6@;3*5&(/36@! %&C)! H))6! B&(&7>=)A! /6! (%/@!
9&>F! &7(%340%! 9/(%! 53A)*&()! *&()! )6%&6B)5)6(@! 3C)*! (%)! 46B&(&7>=)A! *)&B(/36KY!
?)@'/()! @35)! @4BB)@@)@F! (%)*)! &*)! B7)&*! 7/5/(&(/36@! (3! (%)! 0)6)*&(/36! 3;! $-K!
E)U4/*)5)6(@! ;3*! )7/B/(/60! $-! &*)Z! MWO! &! B7)&*! 46A)*@(&6A/60! 3;! (%)! *)&B(/36!
(*&6@/(/36! @(&()! M2POF! &6A! MXO! @>6(%)(/B! 5)(%3A@! (3! '*3A4B)! (%)! (*&6@/(/36! @(&()!
&6&730!M2P-OK!?)@'/()!(%)!;&B(!(%&(!.(#&.1-%!)C374(/36!&''*3&B%)@!%&C)!H))6!9/A)7>!
4@)A!(3!3'(/5/=)!&6A!B%&60)!(%)!@')B/;/B/(>!3;!)6=>5)@F!@(4A/)@!@400)@(!(%&(!(%)!4@)!
3;!(%)@)!()B%6/U4)@!&736)!/@!63(!@4;;/B/)6(!(3!B*)&()!)6=>5)@!9/(%!63C)7!&B(/C/(/)@K[!+(!
&'')&*@!(%&(!(%)!@(&*(/60!'*3()/6!54@(!&(!7)&@(!H)!5/6/5&77>!&B(/C)K!E)B)6(!*)@47(@F!
! WTT!
%39)C)*F!/6A/B&()!(%&(!(%)!/6(*/6@/B!'*35/@B4/(>!3;!6&(4*&7!)6=>5)@!B&6!H)!4@)A!&@!&!
@(&*(/60!'3/6(!;3*!.(#&.1-%!)C374(/36!(3!>/)7A!%/0%7>!&B(/C)!H/3B&(&7>@(@K\!
!-7(%340%! B&(&7>(/B! &6(/H3A/)@! &6A! A/*)B()A! )C374(/36! %&C)! H3(%! H))6!
@4BB)@@;477>! &''7/)A! (3! A)@/06/60! &6A! 3'(/5/=/60! )6=>5&(/B! ;46B(/36F! (%)>! B7)&*7>!
'*)@)6(! 7/5/(&(/36@! (%&(! &*)! A/;;/B47(! (3! 3C)*B35)KX]! [! Q6! (%)! 3(%)*! %&6AF!
B35'4(&(/36&7!'*3()/6!A)@/06!M$^?O!A3)@!63(!%&C)!(%)@)!7/5/(&(/36@K!
$^?! 5)(%3A@! %&C)! &7@3! H))6! &''7/)A! (3! (%)!'"# (%&%! A)@/06! 3;! )6=>5&(/B!
&B(/C/(>! M/K)KF! (%)! A)@/06! 3;! 63C)7! &B(/C/(>! /6(3! &! '*)C/34@7>! /6)*(! '*3()/6! @B&;;37AOKY! 2%)!B&(&7>(/B!&B(/C/(/)@!3;!(%)@)!'"#(%&%!A)@/06)A!)6=>5)@!9)*)!/6/(/&77>!9)77!H)739!
(%3@)! 3;! 6&(4*&7! )6=>5)@F! H4(! *&()! )6%&6B)5)6(@! B&6! H)! &B%/)C)A! H>! 3'(/5/=/60!
4@/60!A/*)B()A!)C374(/36K#!?)@'/()!(%)@)!@4BB)@@)@F!/6!53@(!B&@)@!&!@%3(046!&''*3&B%!
9&@!4@)A!/6!9%/B%!%46A*)A@!3;!A)@/06)A!@)U4)6B)@!9)*)!)G')*/5)6(&77>!@B*))6)AF!
*)@47(/60!/6!&!;)9!53A)*&()7>!&B(/C)!C&*/&6(@!&6A!5&6>!/6&B(/C)!36)@KD1WX!2%)!&H/7/(>!
(3!B36@/@()6(7>!A)@/06!&6!)6=>5)!;3*!&6>!A)@/*)A!*)&B(/36!*)5&/6@!(%)!_%37>!0*&/7`!3;!
(%)!;/)7AKY]!WY]!W[!
2%)!&/5!3;!(%/@!@(4A>!/@!(3!A)C/@)!&!0)6)*&7!%/0%1(%*340%'4(!B35'4(&(/36&7!
93*:;739! (3! A)@/06! )6=>5)@! 9/(%! 63C)7! ;46B(/36@K! P4B%! &! ;*&5)93*:! 54@(! @)7)B(!
'*3()/6! @B&;;37A@! ;*35! '*3()/6! @(*4B(4*)! A&(&H&@)@F! ;/6A! M9/(%/6! (%)! @B&;;37AO!
@4/(&H7)!'3B:)(@!;3*!%&*H3*/60!(%)!'4(&(/C)!&B(/C)!@/()F!@400)@(!&B(/C)1@/()1@(&H/7/=/60!
54(&(/36@F! &6A! ;/6&77>F! '*)1@B*))6! B&6A/A&()! A)@/06@! M)K0KF! C/&! 537)B47&*! A>6&5/B@!
@/547&(/36@! aN?bO! (3! *)A4B)! (%)! 645H)*! 3;! ;&7@)! '3@/(/C)! A)@/06@K! $^?! 5)(%3A@!
&7*)&A>! /6B74A)! &B(/C)! @/()! @)&*B%! &6A! &B(/C)! @/()! *)'&B:/60! *34(/6)@! (%&(! @)7)B(!
! WTW!
B&(&7>(/B! *)@/A4)@! &6A! @400)@(! @(&H/7/=/60! 54(&(/36@F! *)@')B(/C)7>K! +6! &AA/(/36F!
$%&'()*!++!3;!(%/@!(%)@/@!'*)@)6(@!/5'7)5)6(&(/36!&6A!H)6B%5&*:!*)@47(@!;3*!&6!N?1 H&@)A! &''*3&B%! (3! '*)@B*))6! A)@/06@! ;3*! )6=>5&(/B! &B(/C/(>K! ! 2%)*);3*)F! /(! /@! B7)&*!
(%&(! 9%&(! *)5&/6@! (3! H)! A)C)73')A! /@! &! 5)(%3A! ;3*! @)7)B(/60! @4/(&H7)! @B&;;37A@K!
.&C/60! (%/@! /6! 5/6AF! 9)! A)C/@)A! &! 0)6)*&7! %/0%1(%*340%'4(! B35'4(&(/36&7!
'*3B)A4*)!(%&(!B&6!@)&*B%!;3*!@B&;;37A@!9/(%!@')B/;/B!;)&(4*)@!(%&(!5/0%(!H)!*)U4/*)A!
/6!(%)!A)@/06!'*3B)@@K!2%)!B*/()*/&!;3*!@)7)B(/60!@B&;;37A@!9/77!C&*>!;*35!36)!@>@()5!
(3! &63(%)*K! +6! (%/@! 93*:F! 9)! 4@)A! (*/3@)'%3@'%&()! /@35)*&@)! M2+NO! &@! &! 53A)7!
@>@()5!H)B&4@)!/(!/@!)&@>!(3!93*:!9/(%!/6!(%)!7&H3*&(3*>F!&6A!)G()6@/C)!)G')*/5)6(&7!
&6A!B35'4(&(/36&7!@(4A/)@!%&C)!H))6!')*;3*5)A!36!/(KW\1WS!
2+N! /@! &! 4H/U4/(34@! )6=>5)F! '*)@)6(! /6! 6)&*7>! &77! B)77@K! +(! B&(&7>=)@! (%)!
/@35)*/=&(/36! 3;! A107>B)*&7A)%>A)1Y1'%3@'%&()! MA1c-^O! &6A! A/%>A*3G>&B)(36)!
'%3@'%&()! M?.-^O! &6A! '7&>@! &! B)6(*&7! *37)! /6! (%)! 07>B37>@/@! '&(%9&>K! P(4A/)@!
@400)@(! (%&(! 2+N! &BB35'7/@%)@! /(@! @()*)3@')B/;/B! *)&B(/36! '*/5&*/7>! C/&! (%*))! :)>!
;)&(4*)@!M8/04*)![1WOZW#!MWO!(/0%(!'%3@'%&()!H/6A/60!;*35!H&B:H36)!%>A*30)6!H36A@F!
MXO!(*&A/(/36&7!&B/A!H&@)!B&(&7>@/@!H>!074(&5&()!&6A!%/@(/A/6)!*)@/A4)@!/6!(%)!&B(/C)!
@/()F! &6A! MYO! &! B36;3*5&(/36&7! B%&60)! 3;! &6! &B(/C)! @/()! 733'! (%&(! B73@)@! 4'36!
@4H@(*&()! H/6A/60! &6A! )GB74A)@! 9&()*! 537)B47)@! ;*35! (%)! &B(/C)! @/()K! 2%)@)! (%*))!
5)B%&6/@5@! 9)*)! (&:)6! /6(3! &BB346(! /6! (%)! &''7/B&(/36! 3;! 34*! B35'4(&(/36&7!
;*&5)93*:F!A)536@(*&(/60!%39!(%)!B35'4(&(/36&7!@()'@!B&6!H)!(&/73*)A!;3*!@')B/;/B!
*)&B(/36!*)U4/*)5)6(@K!!
+6! (%)! 6)G(! @)B(/36@F! +! A)@B*/H)! (%)! /5'7)5)6(&(/36! A)(&/7@! 3;! (%)! %/0%1 (%*340%'4(! @B&;;37A! @)&*B%! @()'! &6A! (%)! B35'7)()! B35'4(&(/36&7! 93*:;739! &7360!