Manual Wavewin32

:$9(:,1

),/(0$1$*(5+(/3

62)7:$5(6758&785()2581/,0,7(')81&7,21$/,7<
32%2;
3+,/$'(/3+,$3$
Â
ZZZVRIWVWXIFRP
ZZZZDYHZLQQHW

),(/'6 )($785(6
$FWLYH7RSLF+HOS
$SSHQG:DYHIRUP)LOHV
$VFHQGLQJ6RUW
$6&,,'ULYHU
$6&,,(GLWRU
$W)LOH
&DOLEUDWLRQ5HSRUW
&KDQJH'ULYH'LUHFWRU\
&KDQJH4XHU\2SHUDWRUV
&OHDU4XHU\$UHD
&RPPD'HOLPLWHG7DEOH'ULYHU
&RPPDQG/LQH3DUDPHWHUV
&RP1DPH3URSHUWLHV
&RP1DPHV5HQDPH
&RPSDQ\&ROXPQ
&RPSOH[&DOFXODWRU
&RPSUHVV&2075$'()LOHV
&2075$'('ULYHU
&RS\&XW3DVWH)LOHV
&RS\)LOHV
&UHDWH'LUHFWRU\)ROGHU
'HOHWH)LOHV
'HVFHQGLQJ6RUW
'HYLFH&ROXPQ
'HYLFH)LHOG
'LVSOD\'LDORJ
'RXEOH4XRWHV&RPPD'HOLPLWHG7DEOH'ULYHU
'ULYHU&ROXPQ
';)'ULYHU
(PDLO)LOHV
(TXDO7R

)7\SH&ROXPQ
)DXOW'DWH&ROXPQ
)DXOW7LPH&ROXPQ
)LOH1DPH&ROXPQ
)OLS0DUNV
)ROGHU7UHH
)UHH
*UHDWHU7KDQ!
*URXS0DUNHG5RZV
+HOS
+H[DGHFLPDO(GLWRU
+H[DGHFLPDO'ULYHU
,(((/RQJ)LOH1DPLQJ)RUPDW
/HVV7KDQ
0DUN$OO5RZV
0DUN8QPDUN5RZ
0HUJH:DYHIRUP)LOHV
0RYH)LOHV
0UN6L]H
2SHQ$OO0DUNHG:DYHIRUP)LOHV
2SWLRQDO&ROXPQV
3DWK)LOHQDPH1R([W
3ULQW$OO5RZV
3ULQWHU6HWXS
4XHU\$OO5RZV
4XHU\0DUNHG5RZV
4XHU\8QPDUNHG5RZV
5HIUHVK
5HQDPH)LOH'LUHFWRU\
5HVL]H&ROXPQV
5XQ
6DYH$V&2075$'($6&,,%LQDU\
6DYH'DWH&ROXPQ
6DYH7LPH&ROXPQ
6HTXHQFHRI(YHQWV/LVW
6HTXHQFHRI(YHQWV6XPPDU\
6HW6RUW)LHOG
6KRUW&XWV'LDORJ
6KRZ+LGH&KDQQHO7LWOHV
6L]H
6L]H&ROXPQ
6RUW$OO5RZV
6RUW)LHOG
6RUW0DUNHG5RZV
6WDUW'DWH)LHOG
6WDUW7LPH)LHOG
6XEVWDWLRQ)LHOG
7DE'HOLPLWHG7DEOH'ULYHU
7&RGH)LHOG
7RW)LOHV
7RW0DUNV

7\SH&ROXPQ
8Q0DUN5RZV
8QPDUN0DUNV
:DYHIRUP'DWD
:DYHIRUP6XPPDU\
=LS)LOHV

)LHOGV )HDWXUHV
$&7,9(723,&+(/3
/RFDWLRQ $OOFKLOGZLQGRZV

'HVFULSWLRQ 'LVSOD\WKHDFWLYHZLQGRZ¶V+HOSILOH7KHKHOSILOHFDQEHGLVSOD\HGLQ3')RU$6&,,IRUPDW
7RVHOHFWWKHW\SHRIILOHVWRGLVSOD\RSHQWKH'LVSOD\GLDORJXQGHUWKH2SWLRQVPHQXLQWKH
)LOHPDQDJHU6HOHFWWKHW\SHWRGLVSOD\IURPWKH+HOS)LOHVILHOG

$FWLYDWLRQ 0HQX $OW+7
$33(1':$9()250),/(6
/RFDWLRQ )LOH0DQDJHU

'HVFULSWLRQ &RPELQHDQXPEHURIZDYHIRUPILOHVRIWKHVDPHW\SHWKHDQDORJGLJLWDOFKDQQHOWLWOHVPXVW
PDWFKLQWLPHLQWRDQDQDO\VLVZLQGRZ

$FWLYDWLRQ 0HQX $OW2:$'$SSHQGZDYHIRUPILOHVE\'LVFDUGLQJWKHFRPPRQWLPHV
0HQX $OW2:$%$SSHQGZDYHIRUPILOHV%DFNWR%DFN

&RPPHQWV 7KHILOHVPXVWEHRIWKHVDPHW\SHWKHDQDORJGLJLWDOFKDQQHOWLWOHVPXVWPDWFK7KH
UHVXOWVLQWKHGDWDDQDO\VLVZLQGRZFDQEHVDYHGLQD&RPWUDGHILOHIRUDUFKLYLQJ

6HH$OVR $SSHQG2SHQ)LOHV
$6&(1',1*6257
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 6RUWWKHFROXPQVLQDVFHQGLQJRUGHUZLWKUHVSHFWWRWKHVHOHFWHGVRUWILHOG

$FWLYDWLRQ 0HQX $OW6$

&RPPHQWV 7RFKDQJHWKHVRUWILHOGSODFHWKHFXUVRULQWKHGHVLUHGFROXPQDQGVHOHFW³6HW6RUW)LHOG´
LQWKH³6RUW´PHQX7KHVRUWILHOGLVGLVSOD\HGLQWKHVWDWXVEDUDWWKHERWWRPRIWKHZLQGRZ
7RVRUWWKHFROXPQVGLUHFWO\SUHVVWKHFROXPQKHDGHUEXWWRQ7KHKHDGHUEXWWRQWRJJOHV
EHWZHHQDVFHQGLQJDQGGHVFHQGLQJRUGHU

6HH$OVR 'HVFHQGLQJ6RUW
6HW6RUW)LHOG
$6&,,'5,9(5

'HVFULSWLRQ 'LVSOD\WKHILOHDWWKHFXUVRUSRVLWLRQLQWKH$6&,,WH[WHGLWRU

$FWLYDWLRQ 0HQX $OW'

6HH$OVR $6&,,(GLWRU
$6&,,(',725

'HVFULSWLRQ (GLWWKH$6&,,ILOHDWWKHFXUVRUSRVLWLRQ

$FWLYDWLRQ 'LUHFW )
0HQX $OW2$2SWWLRQVPHQXRU$OW'$'ULYHUPHQX

&RPPHQWV 7KHILOHFRQWHQWVDUHGLVSOD\HGLQWH[WIRUPDW8VHWKHXSDUURZGRZQDUUURZOHIWDUURZULJKW
DUURZSDJHXSSDJH HGRZQKRPHHQG&WUOKRPHDQG&WUOHQGNH\VRUWWKHVFUROOEDUWR
QDYLJDWHWKURXJKWKHGDWDDQGWKH(GLWPHQXRSWLRQVWRFXWFRS\RUSDVWWHWH[W$
PD[LPXPRIWHQ$6& &,,(GLWRUVPD\EHRSHQHGVLPXOWDQHRXVO\

6HH$OVR $6&,,'ULYHU
$7),/(
/RFDWLRQ )LOH0DQDJHU6WDWXVV)LHOG

'HVFULSWLRQ 'LVSOD\VWKHURZQXP
PEHURIWKHVHOHFWHGILOHLQWKHWDEOH

6HH$OVR 7RW)LOHV
7RW0DUNV
&$/,%5$7,215(3257

'HVFULSWLRQ *HQHUDWHDFDOLEUDWLR
RQUHSRUWIRUDOOPDUNHGHYHQWILOHV

$FWLYDWLRQ 0HQX $OW25&

&RPPHQWV 7KH&DOLEUDWLRQUHSRUUWOLVWWKH0D[LPXPDQG0LQLPXPDQDORJVXPPDU\LQ
QIRUPDWLRQIRUWKH
PDUNHGILOHV

)RUWKLVIHDWXUHWRZR
RUNSURSHUO\UHSRUWVVKRXOGEHJHQHUDWHGRQQRQIDXOOWGDWD7KH
'95(3257'7%ILOH HVDYHGLQWKHLQVWDOOHGGLUHFWRU\FRQWDLQVWKHODVWJH
HQHUDWHGUHSRUW7R
DUFKLYHWKHFRQWHQWVRIWKLVILOHXVHWKH6DYH$VRSWLRQWRVDYHWKHILOHXQQGHUDQHZQDPH

6HH$OVR :DYHIRUP6XPPDU\
&+$1*('5,9(',5(&725<

'HVFULSWLRQ &KDQJHWKHILOHWDEOH
VDFWLYHSDWK

$FWLYDWLRQ XWWRQ
'LUHFW )&K'LUEX %DFNEXWWRQ 8SEXWWRQ 5LJKW&OLFN)ROGHU7UHH
0HQX $OW)+$OW)
)7

&RPPHQWV 7KHUHLVDQXPEHURIZD\VWRFKDQJHWKHILOHWDEOH¶VDFWLYHSDWK8VHWKHIROGHUWUHHWR
QDYLJDWHWKHFRQQHFWHGGULYHV7RHQWHUDIROGHUXVHWKH³&KDQJH'ULYH'LUHFWRU\´GLDORJ
ORFDWHGLQWKH)LOHPHQX7RVHOHFWIURPDOLVWRIWKHODVWDFWLYHIROGHUVFOLFNWKHRSSRVLWH
PRXVHEXWWRQLQWKHILOHWDEOH7RQDYLJDWHEDFNWKURXJKWKHODVWDFWLYHIROGHUVXVHWKH
%DFNPHQXEXWWRQ7RFKDQJHWRWKHSUHYLRXVIROGHUXVHWKH³8S´PHQXEXWWRQ$QHUURU
PHVVDJHLVGLVSOD\HGLIWKHGHVWLQDWLRQSDWKLVQRWIRXQG

6HH$OVR &UHDWH'LUHFWRU\)ROGHU
'HOHWH)LOHV
)ROGHU7UHH
&+$1*(48(5<23(5$7256
/RFDWLRQ 4XHU\)LHOGV

'HVFULSWLRQ &KDQJHWKHRSHUDWRUIRUWKHDFWLYHTXHU\ILHOG

$FWLYDWLRQ 'LUHFW )
0HQX $OW42

&RPPHQWV 7RFKDQJHWKHRSHUDWRUSUHVV)RUFOLFNWKHPRXVHEXWWRQRQWKHRSHUDWRUV\PERO7KH)
NH\LVDFWLYDWHGZKHQWKHHGLWRULVYLVLEOHLQWKHTXHU\ILHOG8VHWKHWDENH\WRQDYLJDWHIURP
WKHWDEOHWRWKHTXHU\ILHOGV

6HH$OVR (TXDO7R
*UHDWHU7KDQ!
/HVV7KDQ
&/($548(5<$5($

'HVFULSWLRQ 6HWDOOWKHTXHU\ILHOGVWREODQNVDQGGHIDXOWWKHTXHU\RSHUDWRUVWRHTXDO

$FWLYDWLRQ 'LUHFW )
0HQX $OW4&

&RPPHQWV 7KH)IXQFWLRQNH\RQO\ZRUNVZKHQWKHTXHU\HGLWRULVYLVLEOH8VHWKHWDENH\WRQDYLJDWH
IURPWKHWDEOHWRWKHTXHU\ILHOGV

6HH$OVR (TXDO7R
*UHDWHU7KDQ!
/HVV7KDQ
4XHU\$OO5RZV
4XHU\0DUNHG5RZV
4XHU\8QPDUNHG5RZV
&200$'(/,0,7('7$%/('5,9(5

'HVFULSWLRQ 'LVSOD\WKHVHOHFWHGFRPPDGHOLPLWHGILOHLQDWDEOHIRUPDW&RPPDGHOLPLWHGILOHVKDYH
WH[WXDOILHOGVVHSDUDWHGE\FRPPDVVXFKDV

$FWLYDWLRQ 0HQX $OW'7&

&RPPHQWV 7KHGDWDLQWKHILOHLVSUHVHQWHGLQWDEXODUIRUP

6HH$OVR 'RXEOH4XRWHV&RPPD'HOLPLWHG7DEOH'ULYHU
&200$1'/,1(3$5$0(7(56
/RFDWLRQ 6\VWHP

'HVFULSWLRQ &RPPDQGOLQHSDUDPHWHUVDUHVXSSRUWHGLQWKH:DYHZLQVRIWZDUH7KHOLVWHGFRPPDQGOLQH
SDUDPHWHUVDUHVSHFLILFIRUWKHILOHPDQDJHUGDWDSORWWLQJDQGWKHGHYLFHPDQDJHU

$FWLYDWLRQ :DYHZLQH[H>SDVVHGSDUDPHWHUV@

3DUDPHWHUV 3DWKDQG)LOHQDPH 3DWKDQGILOHQDPHVXUURXQGHGE\³´
3ULQW 8VHGZLWKWKHSDWKDQGILOHQDPH,WSULQWVWKHVSHFLILHGILOH
&RPWUDGH 8VHGZLWKWKHSDWKDQGILOHQDPH,WFRQYHUWVWKHVSHFLILHGILOHWR
WKH,(((&RPWUDGHIRUPDW
%DWFK 7KH³%DWFK´FRPPDQGOLQHSDUDPHWHULVXVHGDORQJZLWKDSDWK
DQGEDWFKILOHQDPHFRPPDQGOLQH,WDXWRPDWLFDOO\RSHQVWKH
GHILQHGEDWFKILOHDQGH[HFXWHVHDFKFRPPDQGOLQHSDUDPHWHU
GHILQHGLQWKHILOH
0HUJH 7KH³0HUJH´FRPPDQGOLQHSDUDPHWHULVXVHGDORQJZLWKDSDWK
DQGILOHQDPHFRPPDQGOLQH,WZLOOPHUJHWKHILOHZLWKDOOILOHVWKDW
KDYHDPHUJHFRPPDQGOLQHSDUDPHWHUDVVRFLDWHGZLWKWKHP7KH
PHUJHFRPPDQGOLQHSDUDPHWHULVGHILQHGLQD0HUJHG)LOHOVW
$6&,,ILOH7KH0HUJHG)LOHOVWLVSDVVHGWR:DYHZLQWKURXJKWKH
FRPPDQGOLQHSDUDPHWHUV
; 7KH³;´FRPPDQGOLQHSDUDPHWHUWHOOVZKHUHWRGLVSOD\:DYHZLQ¶V
OHIWFRUQHUZKHQH[HFXWHG
< 7KH³<´FRPPDQGOLQHSDUDPHWHUWHOOVZKHUHWRGLVSOD\:DYHZLQ¶V
XSSHUFRUQHUZKHQH[HFXWHG
: 7KH³:´FRPPDQGOLQHSDUDPHWHUWHOOVWKHZLGWKRIWKH:DYHZLQ
DSSOLFDWLRQZKHQH[HFXWHG
+ 7KH³+´FRPPDQGOLQHSDUDPHWHUWHOOVWKHKHLJKWRIWKH:DYHZLQ
DSSOLFDWLRQZKHQH[HFXWHG
([LW 7KH³([LW´FRPPDQGOLQHZLOODXWRPDWLFDOO\H[LW:DYHZLQDIWHUDOO
RWKHUFRPPDQGOLQHSDUDPHWHUVDUHIXOO\FRPSOHWH
3RUWV 7KHSRUWVFRPPDQGDXWRPDWLFDOO\RSHQVWKHGHYLFHPDQDJHUWDEOH
0LG 7KHPLGFRPPDQGDXWRPDWLFDOO\RSHQVWKH0,'SROOLQJZLQGRZ
/RFN /RFNVWKHGHYLFHPDQDJHUVDYLQJRSWLRQV(GLWRUVDQG3ROOLQJ
3URSHUWLHV

&RPPHQWV 5HIHUWRWKH)LOH0DQDJHU4XLFN6WDUWIRUPRUHLQIRUPDWLRQDQGH[DPSOHVRQHDFKSDVVHG
SDUDPHWHU
&201$0(3523(57,(6

'HVFULSWLRQ 6HWXSWKHILHOGVQRWDYDLODEOHLQWKHVXSSRUWHGZDYHIRUPILOHVIRUWKH,(((ORQJILOHQDPLQJ
IRUPDW

$FWLYDWLRQ 0HQX $OW)2

)LHOGV &RPSDQ\1DPH (QWHUWKH&RPSDQ\QDPHWKDWZLOOEHXVHGLQWKHORQJQDPLQJ
IRUPDW
7LPH&RGH (QWHUWKHWLPHFRGHIRUWKHGHYLFHILOHVWRUHQDPH
VW
8VHU)LHOG (QWHUWKH 8VHU)LHOG
QG
8VHU)LHOG (QWHUWKH 8VHU)LHOG

2SWLRQV (QWHU2N ([LWWKHGLDORJDQGVDYHWKHHQWHUHGGDWD
(VF&DQFHO ([LWWKHGLDORJZLWKRXWVDYLQJ

&RPPHQWV 7KHVHILHOGVDUHXVHGIRUDOOWKHILOHVUHQDPHGWRWKH,(((ORQJILOHQDPLQJIRUPDW8SGDWH
WKLVGLDORJIRUILOHVZLWKGLIIHUHQWWLPHFRGHV

6HH$OVR &RP1DPHV5HQDPH
&201$0(65(1$0(

'HVFULSWLRQ 5HQDPHDOOWKHPDUNHGWLPHVHTXHQFHGGDWDILOHVWRWKH,(((ORQJILOHQDPLQJIRUPDW

$FWLYDWLRQ 0HQX $OW)$

&RPPHQWV $PHVVDJHER[ZLOOEHSURPSWHGEHIRUHUHQDPLQJWKHILOHWRLQVXUHWKHH[HFXWLRQRIWKH
UHQDPHIHDWXUH7KLVIHDWXUHZLOOSHUPDQHQWO\UHQDPHWKHILOHV,WLVDGYLVDEOHWREDFNXSWKH
ILOHVEHIRUHUHQDPLQJ6RPHSURSULHWDU\DSSOLFDWLRQVPD\QRWEHDEOHWRUHDGWKHILOHVRQFH
WKH\DUHUHQDPHG

6HH$OVR &RP1DPH3URSHUWLHV
&203$1<&2/801

'HVFULSWLRQ 'LVSOD\VWKHFRPSDQ\QDPHLQFOXGHGLQWKHORQJILOHQDPHIRUPDW7KHVL[WKILHOGLQWKHILOH
QDPHGHILQHVWKHFRPSDQ\ILHOGIRUWKH,(((ORQJILOHQDPLQJIRUPDW

6HH$OVR ,(((/RQJ)LOH1DPLQJ)RUPDW
&203/(;&$/&8/$725
/RFDWLRQ )LOHPDQDJHUDQG$QDO\VLV

'HVFULSWLRQ 7KHFRPSOH[FDOFXODWRULVXVHGWRSHUIRUPFRPSOH[PDWKHPDWLFDORSHUDWLRQV2SHUDWLRQV
FDQEHSHUIRUPHGLQ3RODURU5HFWDQJXODUIRUP

$FWLYDWLRQ 0HQX )LOH0DQDJHU$OW22
0HQX $QDO\VLV$OW';

)LHOGV 0DJQLWXGH 0DJQLWXGH9DOXH
$QJOH $QJOH9DOXH

0HPRU\, 6DYH
HGPDJQLWXGHRUUHDOYDOXH>@
0HPRU\,, 6DYH
HGDQJOHRULPDJLQDU\YDOXH>@
7\SH 7KHW\SHRIYDOXHVVWRUHGLQWKHPHPRU\ORFDWLRQ3RODUR
RU5HFWDQJXODU

2SWLRQV 5HFDOO 5HFDDOOWKHVHOHFWHGPHPRU\ORFDWLRQWRWKHFDOFXODWHILHOG
GV
&OHDU$OO &OHD
DUDOOILHOGV
&ORVH &ORVHWKHGLDORJ

&RPPHQWV 7KHFDOFXODWRURSHUDWWHVDVDQ+3FDOFXODWRU$IWHUHDFKHQWU\FOLFNWKH³(
(QWHUÉXWWRQWR
UHFRUGWKHYDOXHVLQWWKH$FFXPXODWRU
&2035(66&2075$'(),/(6

'HVFULSWLRQ HG&2075$'($6&,,ILOHVWR&2075$'(%LQDU\ILOHV
&RQYHUWDOOWKHPDUNH

$FWLYDWLRQ 0HQX $OW2&

&RPPHQWV 7KLVIHDWXUHFRPSUHVVVHVWKH&2075$'($6&,,ILOHVWRWKH%LQDU\IRUPD DWWRVDYHGLVN
VSDFH,WLVXVHIXOIRUUSRUWLQJILOHVWRIORSS\RUWUDQVIHUULQJILOHVWKURXJKDP
PHGLXP

6HH$OVR 6DYH$V&RPWUDGH
&2075$'('5,9(5

'HVFULSWLRQ &KDQJHWKHGULYHUDWWKHFXUVRUSRVLWLRQWRWKH&2075$'(GULYHUDQGSORWWKHLQSXW
FKDQQHOV

$FWLYDWLRQ 0HQX $OW'2

&RPPHQWV $OOILOHVWKDWKDYHD³'$7´RUµ¶'ÍLOHH[WHQVLRQDQGDFRUUHVSRQGLQJ³&)*ÍLOHH[LVWVLQ
WKHVDPHSDWKDUHWDJJHGDV&2075$'(ILOHV,IWKHVHOHFWHGILOHGRHVQ QRWKDYHD
FRUUHVSRQGLQJ³&)**ÍLOHDQHUURUPHVVDJHLVJHQHUDWHG%RWKWKH&207 75$'($6&,,DQG
%LQDU\IRUPDWVDUHVX
XSSRUWHGIRUWKHDQG,(((& &RPWUDGH
IRUPDWV

:LQGRZV3URSHUWLHV
&23<&873$67(),/(6

'HVFULSWLRQ &RS\RU&XWWKHPDUNNHGILOHVWRWKHFOLSERDUG1DYLJDWHWRWKHGHVWLQDWLRQ
QIROGHUDQG3DVWH
WKHILOHV

$FWLYDWLRQ 'LUHFW &WUO;&XW &WUO&&RS\ &WUO93DVWH
0HQX $OW(7&XW$OW(&&RS\$OW(33DVWH

&RPPHQWV 0DUNHGILOHVDUHGLVSOD\HGLQUHG7KH7RW0DUNVDQG0UN6L]HILHOGVGLVSOD\HGLQWKHVWDWXV
EDUDUHXSGDWHGDFFRUGLQJO\7RFRS\FXWSDVWHILOHVXVHWKH(GLWPHQXRSWLRQVWKHVKRUWFXW
NH\VRUULJKWFOLFNLQWKHILOHWDEOHDQGVHOHFWWKHGHVLUHGPHQXRSWLRQ

6HH$OVR &RS\)LOH
0RYH)LOHV
0DUN8QPDUN)LOH
&23<),/(6

'HVFULSWLRQ &RS\WKHPDUNHGILOHVWRWKHVSHFLILHGGHVWLQDWLRQSDWK)RUDQHZSDWKFOLFNWKH1HZ)ROGHU
EXWWRQ7KHV\VWHPSURPSWVSULRUWRFUHDWLQJWKHGLUHFWRU\

$FWLYDWLRQ 'LUHFW )RUWKH&RS\PHQXEXWWRQ
0HQX $OW)&

)LHOGV )ROGHU7UHH 1DYLJDWHDQGVHOHFWWKHGHVWLQDWLRQIROGHU

2SWLRQV 1HZ)ROGHU &UHDWHDQHZIROGHUXQGHUWKHVHOHFWHGSDWK
(QWHU2N &RS\WKHPDUNHGILOHVWRWKHGHVWLQDWLRQSDWK
(VF&DQFHO ([LWWKHGLDORJZLWKRXWH[HFXWLQJWKHFRPPDQG

EDUDUHXSGDWHGDFFRUGLQJO\)LOHVWKDWZKHUHXQVXFFHVVIXOO\FRSLHGDUHPDUNHGDQG
JURXSHGDWWKHWRSRIWKHWDEOH

6HH$OVR 0RYH)LOHV
0DUN8QPDUN)LOH
&5($7(',5(&725<)2/'(5

'HVFULSWLRQ &UHDWHDQHZGLUHFWRU\IROGHU

$FWLYDWLRQ 0HQX $OW)(
'LUHFW 5LJKW&OLFNRQWKHIROGHULQWKH7UHHVHOHFWWKH1HZ)ROGHUPHQXRSWLRQ

)LHOGV (GLW%R[ (QWHUWKHQHZGLUHFWRU\IROGHUQDPH

2SWLRQV (QWHU2N 5HQDPHWKHQHZGLUHFWRU\IROGHU

&RPPHQWV 7RGHOHWHWKHQHZIROGHUULJKWFOLFNRQWKHIROGHULQWKHWUHHDQGVHOHFWWKH'HOHWHPHQX
RSWLRQ

6HH$OVR &KDQJH'ULYH'LUHFWRU\
)ROGHU7UHH
5HQDPH)LOH'LUHFWRU\
'(/(7(),/(6

'HVFULSWLRQ 5HPRYHDOOWKHPDUNHGILOHVDQGHPSW\GLUHFWRULHVIURPWKHDFWLYHGLUHFWRU\

$FWLYDWLRQ 'LUHFW 'HOHWH
0HQX $OW)'

&RPPHQWV 0DUNHGILOHVDQGGLUHFWRULHVDUHGLVSOD\HGLQUHG7KH7RW0DUNVDQG0UN6L]HILHOGV
GLVSOD\HGLQWKHVWDWXVEDUDUHXSGDWHGDFFRUGLQJO\)LOHVDQGGLUHFWRULHVWKDWZHUH
XQVXFFHVVIXOO\GHOHWHGDUHPDUNHGDQGJURXSHGDWWKHWRSRIWKHWDEOH

5HVWULFWLRQV$PDUNHGGLUHFWRU\PXVWEHHPSW\LQRUGHUWRUHPRYHLWIURPWKHILOHWDEOH

6HH$OVR 0DUN8QPDUN)LOH
'(6&(1',1*6257
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 6RUWWKHGHYLFHFROXPQVLQGHVFHQGLQJRUGHUZLWKUHVSHFWWRWKHVHOHFWHGVRUWILHOG

$FWLYDWLRQ 0HQX $OW6'

&RPPHQWV 7RFKDQJHWKHVRUWILHOGSODFHWKHFXUVRULQWKHGHVLUHGFROXPQDQGVHOHFW³6HW6RUW)LHOG´
LQWKH6RUWPHQX7KHVRUWILHOGLVGLVSOD\HGLQWKHVWDWXVEDUDWWKHERWWRPRIWKHZLQGRZ
7RVRUWWKHWDEOHFROXPQVGLUHFWO\SUHVVWKHFROXPQKHDGHUEXWWRQ7KHKHDGHUEXWWRQV
WRJJOHEHWZHHQDVFHQGLQJDQGGHVFHQGLQJRUGHU

6HH$OVR $VFHQGLQJ6RUW
'(9,&(&2/801

'HVFULSWLRQ 'LVSOD\VWKHGHYLFHQDPHDVVRFLDWHGZLWKWKHORQJILOHQDPH7KHILIWKILHOGLQWKHILOHQDPH
GHILQHVWKHGHYLFHILHOGIRUWKH,(((ORQJILOHQDPLQJIRUPDW,WUHSUHVHQWVWKHQDPHRUFRGH
RIWKHGHYLFHWKDWRULJLQDWHGWKHILOH

'(9,&(),(/'
/RFDWLRQ ,(((/RQJ)LOH1DPH

WK
'HVFULSWLRQ 7KH ILHOGLQWKH,(((ORQJILOHQDPLQJIRUPDW7KHWLWOHDQGGHYLFHQXPEHUFROXPQVDUH
XVHGIRUWKHGHYLFHILHOGLQWKHORQJQDPLQJIRUPDW7KHGHYLFHQXPEHULVFRQFDWHQDWHGWR
WKHWLWOHE\WKHH[DPSOH6(/

',63/$<',$/2*
/RFDWLRQ )LOH0DQDJHUDQG'HYLFH0DQDJHU

'HVFULSWLRQ 5HSRVLWLRQWKHFROXPQVLQWKHWDEOH

$FWLYDWLRQ 0HQX $OW2,

)LHOGV )LOH&ROXPQ/LVW $OLVWRIDOOWKHFROXPQVLQWKHWDEOH
7DEOH)RQW6L]H $OLVWRIWKHIRQWVL]HVIRUWKHWDEOH
)LOH0DUNLQJ $OLVWRIWKHW\SHVRIPDUNLQJIRUILOHVLQWKHILOHPDQDJHU
'HIDXOW3DWK 7KHSDWKWKHILOHWDEOHGLQRSHQHGLQZKHQILUVWGLVSOD\HG

2SWLRQV 0RYH8S 0RYHWKHKLJKOLJKWHGFROXPQEHIRUHWKHSUHYLRXVFROXPQ
0RYH'RZQ 0RYHWKHKLJKOLJKWHGFROXPQDIWHUWKHQH[WFROXPQ
5HVHW 'HIDXOWWKHRUGHURIWKHFROXPQVWRKRZWKH\ZHUHZKHQWKHVRIWZDUHZDV
ILUVWLQVWDOOHG
6KRUW&XWV 'LVSOD\VWKH6KRUW&XWVNH\VGLDORJ
2. &KDQJHWKHRUGHURIWKHFROXPQVDQGUHGUDZWKHGHYLFHWDEOH
&DQFHO ([LWWKHGLDORJZLWKRXWH[HFXWLQJWKHFRPPDQG

&RPPHQWV 7RUHVL]HWKHWDEOHFROXPQVSODFHWKHPRXVHRYHUWKHFROXPQVHSDUDWRUDQGGUDJWKH
PRXVHWRWKHOHIWRUWKHULJKWRUGRXEOHFOLFNRQWKHFROXPQVHSDUDWRUWRH[SDQGWRWKH
PD[LPXPDUHDIRUWKDWFROXPQ

6HH$OVR 5HVL]H&ROXPQV
'28%/(4827(6&200$'(/,0,7('7$%/('5,9(5

'HVFULSWLRQ 'LVSOD\WKHGRXEOHTXRWHGHOLPLWHGILOHLQDWDEOHIRUPDW'RXEOHTXRWHGHOLPLWHGILOHVKDYH
WH[WXDOILHOGVVHSDUDWHGE\GRXEOHTXRWHVDQGFRPPDVVXFKDV
³&+$11(/´´'$7(´´7,0(´


&RPPHQWV 7KHGDWDLQWKHILOHLVSUHVHQWHGLQWDEXODUIRUP$QXQOLPLWHGQXPEHURIURZVDQGFROXPQV
FDQEHGLVSOD\HG

6HH$OVR &RPPD'HOLPLWHG7DEOH'ULYHU
'5,9(5&2/801

'HVFULSWLRQ 'LVSOD\VWKHGULYHUDVVRFLDWHGZLWKWKHILOH7KHGULYHUFROXPQLQGLFDWHVZKDWGULYHULVXVHG
WRRSHQWKHILOH

6HH$OVR $VVRFLDWLQJ)LOH7\SHV
';)'5,9(5

'HVFULSWLRQ 'LVSOD\VWKHILOHVGUDZLQJLQIRUPDWLRQLQJUDSKLFDOIRUP

$FWLYDWLRQ 0HQX $OW';66HOHFWHG)LOHRU00DUNHG)LOHV

&RPPHQWV $QHUURUPHVVDJHLVGLVSOD\HGLIWKHILOHLVQRWDYDOLG';)ILOH$OOILOHVWK
KDWKDYHWKH³';)´
H[WHQVLRQDUHWDJJHG
GDV';)ILOHV$VLQJOHILOHFDQEHRSHQHGRUPXOWLSOOHILOHVFDQEH
RSHQHGDWWKHVDPHWWLPH)RUPXOWLSOHILOHVILUVWPDUNWKHILOHVWKHQVHOHFWWWKH³0DUNHG)LOHV´
PHQXRSWLRQIURPWKH
H';)VXEPHQXRSWLRQ7KHILOHVDUHGLVSOD\HGLQDWWDEIRUPDW

6HH$OVR ';)$QLPDWHG&$'
(0$,/),/(6
/RFDWLRQ )LOH0DQDJHUDQG$Q QDO\VLV

'HVFULSWLRQ (PDLODJURXSRIILOHVVRUDVLQJOHILOHXVLQJWKHXVHUVGHIDXOWHPDLODSSOLFD
DWLRQ$OOVXSSRUW
ILOHVQHHGHGWRGLVSODD\WKHVHOHFWHGILOHVZLOOEHDXWRPDWLFDOO\DWWDFKHG66XSSRUWILOHVLQFOXGH
&RPWUDGHFRQILJXUDWLLRQ &)*KHDGHU +'5 LQIRUPDWLRQ ,1)ILOH HV')5¶VDQDORJ
DQGGLJLWDOLQIRUPDWLR
RQILOHVVXFKDV+DWKDZD\'$8ILOHV5RFKHVWHUSUHD DPEOHDQGKHDGHU
ILOHV)D[WUD['LUHFWRUU&7/ILOHV7UDQVFDQ6&)DQG7&)ILOHV

$FWLYDWLRQ 0HQX )LOH0DQDJHUU$OW)/±$QDO\VLV$OW)(

)LHOGV 7R 5HFLSLHQWRIWKHHPDLOLQLWLDOO\HPSW\
)URP 6HQGHUDXWRPDWLFDOO\GHIDXOWHG
6XEMHFW (PSW\
$WWDFKPHQW $OOVHOHFWHGILOHVDQGWKHLUVXSSRUWILOHVDXWRPDWLFFDOO\DWWDFKHG

&RPPHQWV )LOHVFDQEHHPDLOHLWWKHULQWKHILOHWDEOHRULQWKHDQDO\VLVZLQGRZ7RHP PDLODVHWRIILOHV
PDUNWKHGHVLUHGILOHVVLQWKHILOHWDEOHDQGVHOHFWWKH³(PDLO0DUNHG)LOHV´´RSWLRQIURPWKH
³)LOH´PHQXRUULJKWFFOLFNRQWKHILOHWDEOHDQGVHOHFWWKH³(PDLO´ RSWLRQIURPWKH
SRSXSPHQX7RHP PDLODILOHIURPWKHDQDO\VLVZLQGRZVHOHFWWKH³(PDLO$FWLYH)LOH´RSWLRQ
XQGHUWKH³)LOH´PHQX X$OOVXSSRUWILOHVQHHGHGWRGLVSOD\WKHILOHVDUHDX
XWRPDWLFDOO\
DWWDFKHG
(48$/72

'HVFULSWLRQ 6HDUFKWKHDFWLYHFRQ
QILJXUDWLRQIRUUHFRUGVWKDWPDWFKWKHHQWHUHGFULWHULD
D

&RPPHQWV \ RSHUDWRUSUHVV)RUFOLFNWKHPRXVHEXWWRQRQWKHRSHUDWRUV\PERO
7RFKDQJHWKHTXHU\

6HH$OVR *UHDWHU7KDQ!
/HVV7KDQ
)7<3(&2/801

'HVFULSWLRQ 'LVSOD\VWKHILOHW\SH7KH³GU´LQGLFDWHVWKDWWKHILOHLVDVXEGLUHFWRU\7KH'$8,'QXPEHU
LVGLVSOD\HGIRU')5,,,,,%DQGILOHVDQGWKHH[WHQVLRQRIWKHILOHLVVGLVSOD\HGIRUDOO
RWKHUILOHV

&RPPHQWV ,IWKHDFWLYHGLUHFWRU\\LVDVXEGLUHFWRU\WKHQWKHILUVWURZVRIWKHWDEOHD DUHUHVHUYHGIRUWKH
³´DQG³´QDYLJDWLRQVKRUWFXWV7KH³´LVDVKRUWFXWWRWKHURRWGLUHFWRU\D
DQGWKH³´LVD
VKRUWFXWWRWKHSUHYLRRXVGLUHFWRU\

&KDQJH'ULYH'LUHFWRU\
)$8/7'$7(&2/801

'HVFULSWLRQ 'LVSOD\VWKHIDXOWGDWHRIWKHRVFLOORJUDSK\ILOHV7KLVFROXPQLVOHIWEODQNLIWKHILOHLVQRWD
YDOLGRVFLOORJUDSK\ILOHRUWKHIDXOWGDWHDQGWLPHLVQRWDYDLODEOHLQWKHILOHQDPH

6HH$OVR )DXOW7LPH&ROXPQ
)$8/77,0(&2/801

'HVFULSWLRQ 'LVSOD\VWKHIDXOWWLPHRIWKHRVFLOORJUDSK\ILOHV7KLVFROXPQLVOHIWEODQNLIWKHILOHLVQRWD
YDOLGRVFLOORJUDSK\ILOHRUWKHIDXOWGDWHDQGWLPHLVQRWDYDLODEOHLQWKHILOHQDPH

6HH$OVR )DXOW'DWH&ROXPQ
),/(1$0(&2/801

'HVFULSWLRQ 'LVSOD\VWKHQDPHRIWKHILOHVGLUHFWRULHVLQWKHDFWLYHGLUHFWRU\

&RPPHQWV ,IWKHDFWLYHGLUHFWRU\LVDVXEGLUHFWRU\WKHQWKHILUVWURZVRIWKHWDEOHDUHUHVHUYHGIRUWKH
³´DQG³´QDYLJDWLRQVKRUWFXWV7KH³´LVDVKRUWFXWWRWKHURRWGLUHFWRU\DQGWKH³´LVD
VKRUWFXWWRWKHSUHYLRXVGLUHFWRU\

6HH$OVR )7\SH&ROXPQ
)/,30$5.6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 0DUNDOOWKHXQPDUNHGUHFRUGVDQGXQPDUNDOOWKHPDUNHGUHFRUGV

$FWLYDWLRQ 0HQX $OW0)

&RPPHQWV 0DUNHGUHFRUGVDUHGLVSOD\HGLQUHG7KH7RW0DUNVILHOGGLVSOD\HGLQWKHVWDWXVEDULV
XSGDWHGDFFRUGLQJO\

6HH$OVR 8QPDUN0DUNHG5RZ
0DUN8QPDUN5RZ
)2/'(575((

'HVFULSWLRQ 'LVSOD\VDOOFRQQHFWHGGULYHVDQGIROGHUVLQDWUHHVWUXFWXUH

$FWLYDWLRQ 0HQX $OW)7±7RJJOH6KRZ+LGH7UHH

&RPPHQWV 7RVKRZKLGHWKHIROGHUWUHHVHOHFWWKH³6KRZ+LGH)ROGHU7UHH´RSWLRQXQGHUWKH³)LOHV´
PHQX)ROGHUVFDQEHUHQDPHGE\OHIWPRXVHFOLFNLQJRQWKHIROGHUQDPHXQWLOWKHHGLWRULV
GLVSOD\HG$OVRIROGHUVWKDWUHVLGHRQWKHFRPSXWHUFDQEHVHQWWRWKHUHF\FOHELQE\
VHOHFWLQJWKH³'HOHWH´RSWLRQXQGHUWKHIROGHUWUHH¶VULJKWFOLFNSRSXSPHQX,IWKHIROGHUV
UHVLGHRQH[WHUQDOGULYHVWKHQWKH\DUHSHUPDQHQWO\GHOHWHG

6HH$OVR &KDQJH'ULYH'LUHFWRU\
)5((
/RFDWLRQ )LOH0DQDJHU6WDWXV)LHOG

'HVFULSWLRQ 'LVSOD\VWKHDPRXQWRIIUHHKDUGGLVNVSDFHRQWKHDFWLYHGULYHGLVSOD\HGLQ.E\WHV

6HH$OVR 6L]H
0UN6L]H
*5($7(57+$1!

'HVFULSWLRQ 6HDUFKWKHDFWLYHFRQILJXUDWLRQIRUUHFRUGVWKDWPDWFKWKHHQWHUHGFULWHULD

&RPPHQWV 7RFKDQJHWKHTXHU\RSHUDWRUSUHVV)RUFOLFNWKHPRXVHEXWWRQRQWKHRSHUDWRUV\PERO

6HH$OVR &KDQJH4XHU\2SHUDWRU
(TXDO7R
/HVV7KDQ
*52830$5.('52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ *URXSDOOWKHPDUNHGURZVDQGPRYHWKHPWRWKHWRSRIWKHWDEOH

$FWLYDWLRQ 0HQX $OW0*

6HH$OVR 8QPDUNHG0DUNHG5RZV
0DUN8QPDUN5RZ
+(/3
/RFDWLRQ $OO&KLOG:LQGRZV

'HVFULSWLRQ 'LVSOD\WKHDFWLYHZLQGRZ¶V+HOSILOH7KHKHOSILOHFDQEHGLVSOD\HGLQ3')RU$6&,,IRUPDW
7RVHOHFWWKHW\SHRIILOHVWRGLVSOD\RSHQWKH'LVSOD\GLDORJXQGHUWKH2SWLRQVPHQXLQWKH
)LOHPDQDJHU6HOHFWWKHW\SHWRGLVSOD\IURPWKH+HOS)LOHVILHOG

$FWLYDWLRQ 'LUHFW )
0HQX $OW+7

&RPPHQWV 7KH3')KHOSILOHVKDYHVHDUFKFDSDELOLWLHV
+(;$'(&,0$/(',725

'HVFULSWLRQ (GLWWKHILOHDWWKHFXUVRUSRVLWLRQLQDELQDU\HGLWRU

$FWLYDWLRQ 'LUHFW )
0HQX $OW2;

&RPPHQWV 7KHILOHFRQWHQWVDUHGLVSOD\HGLQD+H[HGLWRU8VHWKHXSDUURZGRZQDUURZSDJHXS
SDJHGRZQ&WUOKRPHDQG&WUOHQGNH\VWRQDYLJDWHWKURXJKWKHILOH¶VGDWDRUXVHWKHVFUROO
EDU:KHQDKH[YDOXHLVRYHUZULWWHQWKH$6&,,HTXLYDOHQWLVGLVSOD\HGLQWKHZLQGRZWRWKH
ULJKWRIWKHHGLWRU$PD[LPXPRIYLHZLQJZLQGRZVFDQEHVLPXOWDQHRXVO\RSHQHG7KH
)DQG)IXQFWLRQNH\VDOORZIRUVHDUFKLQJ$6&,,GDWDRU+H[YDOXHV7RVHDUFKIRUKH[
YDOXHVLQVHUWWKH³´FKDUDFWHUEHIRUHWKHKH[YDOXHLQWKH³)LQG7H[WÍLHOG

6HH$OVR $6&,,(GLWRU
+H[DGHFLPDO'ULYHU
+(;$'(&,0$/'5,9(5

'HVFULSWLRQ &KDQJHWKHGULYHUDWWKHFXUVRUSRVLWLRQWRWKH+H[DGHFLPDOGULYHUDQGGLVSOD\WKHILOHLQ
ELQDU\IRUPDW

$FWLYDWLRQ 0HQX $OW''

6HH$OVR +H[DGHFLPDO(GLWRU
$6&,,'ULYHU
,(((/21*),/(1$0,1*)250$7

'HVFULSWLRQ )LOH0DQDJHU7KH)LOH0DQDJHUVXSSRUWVWKH,(((ORQJILOHQDPLQJIRUPDW7KH,(((ORQJ
ILOHQDPLQJIRUPDWLVD365&IRUPDWXVHGWRQDPHWLPHVHTXHQFHGGDWDILOHV7KHILOHWDEOH
FROXPQVDUHXVHGWRGLVSOD\WKHFRQWHQWVRIWKHORQJILOHQDPH7KHILOHQDPHFRQWDLQVWKH
VL[UHTXLUHGILHOGVVWRUHGLQDFRPPDGHOLPLWHGIDVKLRQ7KHUHPDLQLQJILHOGVDUHRSWLRQDO
7KHILOHWDEOHOLVWVIRXURSWLRQDOFROXPQVDWWKHHQGRIWKHWDEOHWRVXSSRUWXVHUGHILQHG
ILHOGV7KH&RP1DPHVSURSHUWLHVGLDORJDOORZVIRUXVHULQSXWIRUWKHILUVWWZRRSWLRQDOILHOGV
'HYLFH0DQDJHU$OOGDWDSROOHGIURPWKHFRQQHFWHGGHYLFHVDUHVDYHGWRILOHVXVLQJWKH
,(((ORQJILOHQDPLQJIRUPDW7KHVWDUWGDWHDQGWLPHFRPHVIURPWKHGDWDSROOHGDQGWKH
WLPHFRGHVXEVWDWLRQQDPHGHYLFHQDPHDQGFRPSDQ\QDPHFRPHVIURPWKHILHOGVLQWKH
GHYLFHUHFRUG

)LHOGV 'DWH 7KH'DWHILHOGGHILQHVWKHVWDUWGDWHRIWKHILOH7KHGDWHILHOGVDUHGHILQHG
DVWKHILUVWWZRFKDUDFWHUVDUHWKH\HDUWKHQH[WWZRDUHWKHPRQWKDQGWKH
ODVWWZRDUHWKHGD\UHTXLUHG
7LPH 7KHWLPHILHOGGHILQHVWKHVWDUWWLPHRIWKHILOH7KH7LPHILHOGVDUHGHILQHG
DVWKHILUVWWZRFKDUDFWHUVDUHWKHKRXUWKHQH[WWZRDUHWKHPLQXWHVWKH
QH[WWZRDUHWKHVHFRQGVDQGWKHODVWWZRRUWKUHHDUHWKHPLOOLVHFRQGV
UHTXLUHG
7FRGH 7KH7&RGHILHOGLVWKHWLPHRIIVHWIURP*07WLPH,IWKHVWDUWWLPHLV
H[SUHVVHGLQ87WKLVILHOGLVFRGHG]
1RWH*07LVWKHLQWHUQDWLRQDODEEUHYLDWLRQ*UHHQZLFK0HDQ7LPH
UHTXLUHG
6XEVWDWLRQ 7KHVXEVWDWLRQQDPHRUFRGHZKHUHWKHRULJLQDWLQJGHYLFHLVORFDWHG
UHTXLUHG
'HYLFH 7KHGHYLFHQDPHRUFRGHWKDWJHQHUDWHGWKHILOHUHTXLUHG
&RPSDQ\ 7KHFRPSDQ\RIWKHVSHFLILHGVXEVWDWLRQUHTXLUHG

6HH$OVR &RP1DPHV3URSHUWLHV
&RP1DPH5HQDPH
/(667+$1

'HVFULSWLRQ 6HDUFKWKHDFWLYHWDEOHIRUURZGDWDWKDWLVOHVVWKDQWKHHQWHUHGFULWHULD

&RPPHQWV 7RFKDQJHWKHRSHUDWRUSUHVV)RUFOLFNWKHPRXVHEXWWRQRQWKHRSHUDWRUV\PERO

6HH$OVR (TXDO7R
*UHDWHU7KDQ!
0$5.$//52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 0DUNDOOWKHURZVLQWKHWDEOH

$FWLYDWLRQ 'LUHFW 0DUNPHQXEXWWRQLIQRILOHVDUHPDUNHG
0HQX $OW0$

&RPPHQWV 0DUNHGURZVDUHGLVSOD\HGLQUHG7KH7RW0DUNVILHOGGLVSOD\HGLQWKHVWDWXVEDULVXSGDWHG
DFFRUGLQJO\7KH0DUNPHQXEXWWRQWRJJOHVEHWZHHQPDUNLQJDQGXQPDUNLQJDOOURZVLQWKH
WDEOH

)OLS0DUNV
*URXS0DUNHG5RZV
0$5.810$5.52:
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 7RJJOHWKHURZDWWKHFXUVRUSRVLWLRQEHWZHHQWKHPDUNHGDQGXQPDUNHGVWDWH

$FWLYDWLRQ 'LUHFW 6SDFHEDU&WUO/HIW0RXVH&OLFN

0HQX $OW00

DFFRUGLQJO\7KH0DUNPHQXEXWWRQWRJJOHVDOOWKHURZVLQWKHWDEOHEHWZHHQWKHPDUNHG
DQGXQPDUNHGVWDWH

)OLS0DUNV
*URXS0DUNHG5RZV
0(5*(:$9()250),/(6

'HVFULSWLRQ 0HUJHDOOWKHFKDQQHOVIURPWKHPDUNHGZDYHIRUPILOHVLQWRDQDQDO\VLVZLQGRZ7KHUHDUH
WZR0HUJHRSWLRQVDYDLODEOH0HUJHILOHV³%\7LPH´ZLOOPHUJHRQO\WKHFRPPRQWLPHVLQ
WKHRSHQILOHV0HUJHILOHV³%\6DPSOH´ZLOOPHUJHWKHILOHVE\OLQLQJXSWKHVDPSOHVLQHDFK
RSHQZLQGRZ

$FWLYDWLRQ 0HQX $OW2:0%³%\7LPH´6³%\6DPSOH´

&RPPHQWV 7RGLVWLQJXLVKEHWZHHQWKHPHUJHGFKDQQHOVWKHVWDWLRQQDPHLVSODFHGEHIRUHHDFK
FKDQQHOPHUJHG7RGHDFWLYDWHWKLVIHDWXUHRSHQWKHDQDO\VLV³:LQGRZ3URSHUWLHV´GLDORJ
VHOHFWWKH³$SSHQG0HUJH´WDEDQGFOLFNWKH³0HUJH)LOHV´RSWLRQ,IWKHILOHVKDYHGLIIHUHQW
VDPSOLQJIUHTXHQFLHVDGLDORJZLOOEHGLVSOD\WRVHOHFWWKHIUHTXHQF\IRUWKHQHZZLQGRZ

6HH$OVR 0HUJH2SHQ)LOHV
029(),/(6

'HVFULSWLRQ &RS\WKHPDUNHGILOHVWRWKHVSHFLILHGGHVWLQDWLRQSDWKWKHQGHOHWHWKHILOHVIURPWKHVRXUFH
GLUHFWRU\,IDILOHLVQRWFRSLHGVXFFHVVIXOO\LWLVPDUNHGDQGJURXSHGDWWKHWRSRIWKHDFWLYH
GLUHFWRU\7RFUHDWHDQHZGHVWLQDWLRQGLUHFWRU\FOLFNRQWKH1HZ)ROGHUEXWWRQ

$FWLYDWLRQ 'LUHFW )0RYHPHQXEXWWRQ
0HQX $OW)0

)LHOGV )ROGHU7UHH 1DYLJDWHDQGVHOHFWWKHGHVWLQDWLRQIROGHU

2SWLRQV 1HZ)ROGHU &UHDWHDQHZIROGHUXQGHUWKHVHOHFWHGSDWK
(QWHU2N 0RYHWKHPDUNHGILOHVWRWKHGHVWLQDWLRQSDWK

EDUDUHXSGDWHGDFFRUGLQJO\

6HH$OVR &RS\)LOHV
0DUN8QPDUN)LOH
05.6,=(

'HVFULSWLRQ 'LVSOD\VWKHFRPELQHGVL]HLQ.E\WHVIRUDOOPDUNHGILOHV

6HH$OVR 6L]H
)UHH
23(1$//0$5.(':$9()250),/(6

'HVFULSWLRQ 2SHQDOOWKHPDUNHGZDYHIRUPILOHVLQWKHILOHWDEOHDQGPLQLPL]HWKHILOHWDEOH

$FWLYDWLRQ 0HQX $OW2:)

&RPPHQWV $OOWKHPDUNHGZDYHIRUPILOHVDUHRSHQHGWLOHGDQGWKHILOHWDEOHLVPLQLPL]HG$PD[LPXP
RIGDWDZLQGRZVFDQEHRSHQDWRQHWLPH

6HH$OVR 2SHQ:DYHIRUP)LOH
$VVRFLDWLQJ)LOH7\SHV
237,21$/&2/8016

'HVFULSWLRQ 7KH,(((365&ORQJILOHQDPLQJIRUPDWDOORZVIRUXVHUGHILQHGILHOGVDSSHQGHGDWWKHHQG
RIWKHILOHQDPH7KHILOHWDEOHUHVHUYHVFROXPQVIRUWKHILUVWXVHUGHILQHGILHOGV7KH
FROXPQVDUHQDPHG2SWLRQDOWR2SWLRQDO

3$7+),/(1$0(12(;7
/RFDWLRQ 6DYHDV&2075$'('LDORJ$6&,,%LQDU\

'HVFULSWLRQ 'LVSOD\VWKHGHVWLQDWLRQSDWKDQGILOHQDPHRIWKHQHZ&2075$'(ILOH

&RPPHQWV 7KHRVFLOORJUDSK\ILOHDWWKHFXUVRUSRVLWLRQLVVDYHGLQ&2075$'(IRUPDWWRWKHVSHFLILHG
ILOHQDPH:KHQVSHFLI\LQJDILOHQDPHGRQRWHQWHUDQH[WHQVLRQWKH³&)*´DQG³'$7´
ILOHVDUHDXWRPDWLFDOO\FUHDWHG,IDSDWKLVQRWVSHFLILHGWKHILOHVDUHVDYHGWRWKHDFWLYH
GLUHFWRU\

5HVWULFWLRQV7KHILOHQDPHFDQQRWFRQWDLQDQH[WHQVLRQ

35,17$//52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 3ULQWDOOWKHURZVLQDFWLYHWDEOH

$FWLYDWLRQ 0HQX $OW)3$

&RPPHQWV 8VHWKH3ULQW0DUNHGRSWLRQWRSULQWRQO\WKHPDUNHGILOHV

6HH$OVR 3ULQWHU6HWXS
35,17(56(783
/RFDWLRQ $OOFKLOGZLQGRZV

'HVFULSWLRQ &KDQJHWKHSULQWHUW\SHDQGVHWXSWKHFXUUHQWSULQWHU

$FWLYDWLRQ 0HQX $OW)6±'HYLFH0DQDJHU$6&,,%LQDU\(YHQW(GLWRU
0HQX $OW76±';)'LVSOD\
48(5<$//52:6

'HVFULSWLRQ &RPSDUHWKHHQWHUHGFULWHULDWRDOOWKHUHFRUGVLQWKHDFWLYHWDEOH

$FWLYDWLRQ 'LUHFW )HQWHU!
0HQX $OW4$

&RPPHQWV $OOWKHURZVLQWKHDFWLYHWDEOHDUHFRPSDUHGWRWKHHQWHUHGTXHU\FULWHULD$PDUNHGURZ
WKDWGRHVQRWPHHWWKHTXHU\UHTXLUHPHQWVLVXQPDUNHG7KHURZVWKDWPHHWWKHTXHU\
UHTXLUHPHQWVDUHPDUNHGDQGJURXSHGDWWKHWRSRIWKHWDEOH0DUNHGURZVDUHGLVSOD\HGLQ
UHG

7KH(QWHUNH\VHDUFKHVDOOWKHUHFRUGVLQWKHWDEOH

6HH$OVR 4XHU\0DUNHG5RZV
4XHU\8QPDUNHG5RZV
&OHDU4XHU\&ULWHULD
48(5<0$5.('52:6

'HVFULSWLRQ &RPSDUHWKHHQWHUHGFULWHULDWRWKHPDUNHGURZVLQWKHDFWLYHWDEOH

$FWLYDWLRQ 'LUHFW )
0HQX $OW40

&RPPHQWV 7KHPDUNHGURZVWKDWPHHWWKHTXHU\UHTXLUHPHQWVDUHPDUNHGDQGJURXSHGDWWKHWRSRI
WKHWDEOH$OORWKHUPDUNHGURZVDUHXQPDUNHG0DUNHGURZVDUHGLVSOD\HGLQUHG

6HH$OVR 4XHU\8QPDUNHG5RZV
4XHU\$OO5RZV
48(5<810$5.('52:6

'HVFULSWLRQ &RPSDUHWKHHQWHUHGFULWHULDWRWKHXQPDUNHGURZVLQWKHDFWLYHWDEOH

$FWLYDWLRQ 'LUHFW )

0HQX $OW48

&RPPHQWV 7KHXQPDUNHGURZVWKDWPHHWWKHTXHU\UHTXLUHPHQWVDUHPDUNHGDQGJURXSHGEHORZ
SUHYLRXVPDUNHGURZV0DUNHGURZVDUHGLVSOD\HGLQUHG

6HH$OVR 4XHU\0DUNHG5RZV
4XHU\$OO5RZV
5()5(6+

'HVFULSWLRQ 8SGDWHWKHFRQWHQWVRIWKHIROGHUWUHHDQGWKHDFWLYHGLUHFWRU\IURPWKHRSHUDWLQJV\VWHP
V
DOORFDWLRQWDEOH

$FWLYDWLRQ 'LUHFW )5HIUHVKPHQXEXWWRQ 2SSRVLWHFOLFNLQWKH)ROGHU7UHHDQGVHOHFW
5HIUHVK
0HQX $OW))

6HH$OVR )ROGHU7UHH
5(1$0(),/(',5(&725<

'HVFULSWLRQ 5HQDPHWKHILOHRUGLUHFWRU\DWWKHFXUVRUSRVLWLRQ

$FWLYDWLRQ 0HQX $OW)1

)LHOGV )URP 7KHFXUUHQWQDPHRIWKHILOH
7R 7KHQHZQDPHRIWKHILOH

2SWLRQV (QWHU2N &KDQJHWKHQDPH
5(6,=(&2/8016
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 5HVL]HWKHFROXPQVLQWKHWDEOH

$FWLYDWLRQ 'LUHFW 0RXVH'UDJ

&RPPHQWV 7RUHVL]HWKHWDEOHFROXPQVSODFHWKHPRXVHRYHUWKHFROXPQVHSDUDWRUDQGGUDJWRWKH
ULJKWRUWKHOHIW7KHFXUVRUFKDQJHVWRWKHYHUWLFDOUHVL]HFXUVRUZKHQWKHPRXVHLV
SRVLWLRQHGRYHUWKHFROXPQVHSDUDWRU'RXEOHFOLFNWKHPRXVHRYHUWKHVHSDUDWRUVWRPDNH
WKHFROXPQVL]HWKHPD[LPXPDUHDWRGLVSOD\DOOWKHWH[WLQWKHFROXPQ

6HH$OVR 'LVSOD\'LDORJ
581

'HVFULSWLRQ ([HFXWHWKHVSHFLILHGFRPPDQG

$FWLYDWLRQ 'LUHFW )
0HQX $OW)5

)LHOGV 2SHQ 7KHSDWKDQGILOHQDPHRIWKHDSSOLFDWLRQWRUXQ

2SWLRQV (QWHU2N 5XQWKHVSHFLILHGDSSOLFDWLRQ
%URZVH 'LVSOD\WKH:LQGRZVRSHQGLDORJWREURZVHIRUDILOH
6$9($6&2075$'($6&,,%,1$5<
/RFDWLRQ )LOH0DQDJHUDQG$QDO\VLV

'HVFULSWLRQ 6DYHWKHZDYHIRUPILOHDWWKHFXUVRUSRVLWLRQRUWKHGLVSOD\HGDQDORJGLJLWDOFKDQQHOVWRWKH
&2075$'($6&,,RU%LQDU\IRUPDW

$FWLYDWLRQ )LOH0DQDJHU
0HQX $OW29$±6DYHLQ&2075$'($6&,,IRUPDW
0HQX $OW29%±6DYHLQ&2075$'(%LQDU\IRUPDW
$QDO\VLV
0HQX $OW)$&$±6DYHLQ&2075$'($6&,,IRUPDW
0HQX $OW)$&%±6DYHLQ&2075$'(%LQDU\IRUPDW

)LHOGV 3DWK 7KHGHVWLQDWLRQSDWK
)LOHQDPH 7KHILOHQDPHZLWKQRH[WHQVLRQ

2SWLRQV (QWHU2N 5HDGWKHILOHFRQWHQWVDQGVDYHLWLQ&2075$'(IRUPDW

&RPPHQWV 'RQRWHQWHUDILOHQDPHH[WHQVLRQ7KH&2075$'(FRQILJXUDWLRQ&)*DQGGDWD'$7
ILOHVDUHDXWRPDWLFDOO\FUHDWHG,IDSDWKLVQRWGHILQHGWKHILOHVDUHVDYHGLQWKHDFWLYH
GLUHFWRU\

7KHUHDUHWKUHH&RPWUDGHYHUVLRQVVXSSRUWHGWKHROGHUIRUPDWDQGWKHIRUPDW
DQGWKHQHZIRUPDW7KH&RPWUDGHIRUPDWFDQEHVHOHFWHGIURPWKH³:LQGRZ
3URSHUWLHV´GLDORJLQWKHDQDO\VLVZLQGRZ7KHGHIDXOWIRUPDWLVWKHIRUPDW

,IWKHVDPSOHYDOXHVLQWKHVHOHFWHGILOHDUH506FDOLEUDWHGDQGWKHRXWFRPH&RPWUDGHILOH
PXVWKDYHLQVWDQWDQHRXVYDOXHVWKHQVHWWKH³&RPWUDGH6HWWLQJVÍLHOGVWRDXWRPDWLFDOO\
FRQYHUWWKH506GDWDWRLQVWDQWDQHRXVYDOXHV7RVHWWKH³&RPWUDGH6HWWLQJVÍLHOGVRSHQ
WKH³:LQGRZ3URSHUWLHV´GLDORJLQWKHDQDO\VLVZLQGRZ6HOHFWWKH³&RPWUDGH´WDEWKHQ
VHOHFW³<HVÍRUWKH³&RQYHUW506&DOLEUDWHG'DWDWR3HDN'DWDÍLHOG

7RDXWRPDWLFDOO\VDYHWKH&RPWUDGHILOHXVLQJWKH,(((ORQJILOHQDPLQJFRQYHQWLRQFKHFN
WKH³8VHWKH&RP1DPHV1DPLQJ&RQYHQWLRQWR1DPHWKH&RPWUDGH)LOHVÍLHOGLQWKH
³6DYHDV&RPWUDGH´'LDORJDQGOHDYHWKH)LOH1DPHILHOGHPSW\7KHVHOHFWHGFKDQQHOVDUH
FRQYHUWHGWRWKHVHOHFWHG&RPWUDGHIRUPDWDQGDUHQDPHGXVLQJWKH,(((ORQJILOHQDPLQJ
IRUPDW

5HVWULFWLRQV7KHVHOHFWHGILOHPXVWEHDVXSSRUWHGRVFLOORJUDSK\ILOH

6HH$OVR &RPWUDGH'ULYHU
,(((/RJ)LOH1DPLQJ)RUPDW
6$9('$7(&2/801

'HVFULSWLRQ 'LVSOD\VWKHGDWHWKHILOHZDVODVWVDYHGRQGLVN

&RPPHQWV &OLFNWKHWDEOH¶V6DYH'DWHKHDGHUWRVRUWWKHILOHVLQDVFHQGLQJRUGHVFHQGLQJRUGHUZLWK
UHVSHFWWRWKH6DYH'DWH

)DXOW7LPH&ROXPQ
6DYH7LPH&ROXPQ
6$9(7,0(&2/801

'HVFULSWLRQ 'LVSOD\VWKHWLPHWKHILOHZDVODVWVDYHGRQGLVN

&RPPHQWV &OLFNWKHWDEOH¶V6DYH7LPHKHDGHUWRVRUWWKHILOHVLQDVFHQGLQJRUGHVFHQGLQJRUGHUZLWK
UHVSHFWWRWKH6DYH7LPH

)DXOW7LPH&ROXPQ
6DYH'DWH&ROXPQ
6(48(1&(2)(9(176/,67

'HVFULSWLRQ 9LHZDGHWDLOHGOLVWRIDOOWKHVHTXHQFHRIHYHQWVFRQWDLQHGLQWKHPDUNHGILOHVLQDWDEOH
IRUPDW0DUNDOOWKHGHVLUHGILOHVWKHQSUHVV)RUVHOHFWWKH62(/LVWPHQXRSWLRQIURP
WKH5HSRUWVVXEPHQXXQGHUWKH2SWLRQVPHQX$WDEOHZLOOEHGLVSOD\HGOLVWLQJDOOWKH
HYHQWVWULJJHUHGLQWKHVHOHFWHGILOHV

$FWLYDWLRQ 'LUHFW )
0HQX $OW256

)LHOGV 6XEVWDWLRQ 7KHVXEVWDWLRQZKHUHWKHGHYLFHLVLQVWDOOHG
'HYLFH 7KHGHYLFHWKHFKDQQHOFDPHIURP
6WDWH 7KHVWDWHRIWKHFKDQQHODWWKDWWLPH$ $EQRUPDO1 1RUPDO
7ULJJHU'DWH 7KHWULJJHUGDWH
7ULJJHU7LPH 7KHWULJJHUWLPH
&KDQQHO 7KHFKDQQHOQXPEHURIWKHHYHQWLQWKHILOH
&KDQQHO7LWOH 7KHWLWOHRIWKHFKDQQHO
)LOH 7KHILOHFRQWDLQLQJWKHHYHQWVHQVRUFKDQQHO

&RPPHQWV 7KHWDEOHLVVRUWHGDFFRUGLQJWRWKHGDWHDQGWLPH7KH4XHU\VHFWLRQDWWKHERWWRPRIWKH
WDEOHDOORZVIRUVHDUFKLQJHYHQWVIURPVSHFLILFVXEVWDWLRQVGHYLFHVFKDQQHOVDQGPRUH7R
YLHZWKHILOHFRQWDLQLQJWKHVSHFLILFHYHQWVLQWKHGDWDSORWWLQJZLQGRZSUHVVHQWHURUGRXEOH
FOLFNRQWKHHYHQW

6HH$OVR 6HTXHQFHRI(YHQWV6XPPDU\
6(48(1&(2)(9(1766800$5<

'HVFULSWLRQ 9LHZDVXPPDU\RIWKHVHTXHQFHRIHYHQWVFRQWDLQHGLQWKHPDUNHGILOHVLQDWDEOHIRUPDW
0DUNDOOWKHGHVLUHGILOHVWKHQVHOHFWWKH62(6XPPDU\PHQXRSWLRQIURPWKH5HSRUWV
VXEPHQXXQGHUWKH2SWLRQVPHQX$WDEOHZLOOEHGLVSOD\HGOLVWLQJDVXPPDU\RIWKH
HYHQWVWULJJHUHGLQWKHVHOHFWHGILOHV

$FWLYDWLRQ 0HQX $OW252

)LHOGV 6XEVWDWLRQ 7KHVXEVWDWLRQWKDWWULJJHUHGWKHHYHQWVHQVRU
'HYLFH 7KHGHYLFHWKHFKDQQHORULJLQDWHGIURP
)VW6WDWH 7KHVWDWHWKHFKDQQHOVWDUWHGDW$ DODUPDQG1 QRUPDO
/VW6WDWH 7KHVWDWHWKHFKDQQHOHQGHGDW$ DODUPDQG1 QRUPDO
)LUVW&KDQJH'DWH 7KHGDWHWKHFKDQQHOILUVWFKDQJHGVWDWH
)LUVW&KDQJH7LPH 7KHWLPHWKHFKDQQHOILUVWFKDQJHGVWDWH
/DVW&KDQJH'DWH 7KHGDWHWKHFKDQQHOODVWFKDQJHGVWDWH
/DVW&KDQJH7LPH 7KHWLPHWKHFKDQQHOODVWFKDQJHGVWDWH
&KDQJHV 7KHQXPEHURIWLPHVWKHFKDQQHOFKDQJHGVWDWH
&KDQ 7KHFKDQQHOQXPEHULQWKHILOH
&KDQQHO7LWOH 7KHWLWOHRIWKHFKDQQHO
)LOH 7KHILOHFRQWDLQLQJWKHHYHQWVHQVRUFKDQQHO

&RPPHQWV 7KHWDEOHLVVRUWHGDFFRUGLQJWRWKHILUVWFKDQJHGDWHDQGWLPH7KH4XHU\VHFWLRQDWWKH
ERWWRPRIWKHWDEOHDOORZVIRUVHDUFKLQJHYHQWVIURPVSHFLILFVXEVWDWLRQVGHYLFHVFKDQQHOV
DQGPRUH7RYLHZWKHILOHFRQWDLQLQJWKHVSHFLILFHYHQWVLQWKHGDWDSORWWLQJZLQGRZSUHVV
HQWHURUGRXEOHFOLFNRQWKHHYHQW

6HH$OVR 6HTXHQFHRI(YHQWV/LVW
6(76257),(/'
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 6HWWKHDFWLYHVRUWILHOGWRWKHFROXPQDWWKHFXUVRUSRVLWLRQ

$FWLYDWLRQ 'LUHFW /HIW0RXVH&OLFNRQWKH&ROXPQ¶VKHDGHU
0HQX $OW66

&RPPHQWV 7KH³$VFHQGLQJ´DQG³'HVFHQGLQJ´RSWLRQVLQWKH³6RUW´PHQXVRUWVWKHWDEOHGDWDZLWK
UHVSHFWWRWKHVHOHFWVRUWILHOG7RVRUWWKHFROXPQVGLUHFWO\FOLFNWKHFROXPQKHDGHUEXWWRQ
WRWRJJOHEHWZHHQDVFHQGLQJDQGGHVFHQGLQJ

'HVFHQGLQJ6RUW
6RUW$OO5RZV
6+257&876',$/2*

'HVFULSWLRQ 'HILQHDQXPEHURIVKRUWFXWVWKDWZLOOEHGLVSOD\HGRIIWKHWRROPHQXLQDGURSGRZQPHQX
EXWWRQ

$FWLYDWLRQ 0HQX $OW2'6KRUW&XWVEXWWRQ

)LHOGV )LOH7DEOH7DE $OLVWRIDQXPEHURIILOHPDQDJHUPHQXLWHPV
'DWD3ORWWLQJ7DE $OLVWRIDQXPEHURIGDWDSORWWLQJPHQXLWHPV

2SWLRQV 0RYH 0RYHWKHKLJKOLJKWHGPHQXLWHPVWRWKH8VHU6KRUW&XWVOLVW
'HOHWH 'HOHWHWKHKLJKOLJKWHGVKRUWFXW
0RYH8S 0RYHWKHKLJKOLJKWHGVKRUWFXWXSE\RQLWHP
0RYH'RZQ 0RYHWKHKLJKOLJKWHGVKRUWFXWGRZQE\RQLWHP
2. 6DYHWKHVKRUWFXWVDQGGLVSOD\WKHQHZVKRUWFXWVLQWKHGURSGRZQPHQXV
&DQFHO ([LWWKHGLDORJZLWKRXWVDYLQJWKHVKRUWFXWV

&RPPHQWV $GURSGRZQPHQXEXWWRQLVDGGHGWRWKHWRROEDUZLWKWKHVKRUWFXWVOLVWHGLQWKHGURSGRZQ
PHQX

6HH$OVR 'LVSOD\'LDORJ
6+2:+,'(&+$11(/7,7/(6

'HVFULSWLRQ 7KH6KRZ+LGH&KDQQHO7LWOHVGLDORJDOORZVIRUVKRZLQJLQYDOLGFKDQQHOWLWOHVUHPRYLQJ
WLWOHVIURPWKHLQYDOLGWLWOHOLVWDQGDGGLQJQHZWLWOHVWRWKHLQYDOLGFKDQQHOOLVW$OODQDORJDQG
GLJLWDOFKDQQHOVWKDWFRQWDLQWKHFKDUDFWHUVLQWKHOLVWLQWKHEHJLQQLQJRIWKHWLWOHDUH
DXWRPDWLFDOO\KLGGHQ


)LHOGV 7LWOH/LVW%R[ /LVWVDOOLQYDOLGFKDQQHOWLWOHV
$GG7LWOH $GGDQHZWLWOHWRWKHOLVW
5HPRYH7LWOH 5HPRYHDWLWOHIURPWKHOLVW

2SWLRQV (QWHU2N ([LWWKHGLDORJDQGVDYHWKHFKDQJHV
(VF&DQFHO ([LWWKHGLDORJZLWKRXWVDYLQJWKHFKDQJHV

&RPPHQWV 7RVKRZDWLWOHXQFKHFNWKHFKHFNER[QH[WWRWKHWLWOH7RDGGQHZWLWOHVWRKLGHW\SHWKH
FKDUDFWHUVLQWKHHGLWER[DQGFOLFNWKH$GGEXWWRQ7RUHPRYHDQLWHPIURPWKHOLVWFOLFNRQ
WKHLWHPWKHQFOLFNWKH5HPRYHEXWWRQ
6,=(

'HVFULSWLRQ 'LVSOD\VWKHWRWDOVL]HLQ.E\WHVRIDOOILOHVLQWKHDFWLYHGLUHFWRU\

6HH$OVR )UHH
0UN6L]H

6,=(&2/801

'HVFULSWLRQ 'LVSOD\VWKHVL]HLQE\WHVRIWKHILOH
6257$//52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 6RUWDOOWKHURZVLQWKHWDEOHLQDVFHQGLQJRUGHVFHQGLQJRUGHU

$FWLYDWLRQ 0HQX $OW6$±$VFHQGLQJ
0HQX $OW6'±'HVFHQGLQJ
6KRUWFXW &ROXPQKHDGHUV

&RPPHQWV $OOWKHURZVLQWKHDFWLYHWDEOHDUHVRUWHGZLWKUHVSHFWWRWKHVRUWILHOGGLVSOD\HGLQWKH
WDEOH¶VVWDWXVILHOG

'HVFHQGLQJ6RUW
6HW6RUW)LHOG
6257),(/'
/RFDWLRQ $OO7DEOHV6WDWXV)LHOG

'HVFULSWLRQ 'LVSOD\VWKHDFWLYHVRUWILHOG

$FWLYDWLRQ 'LUHFW 0RXVH&OLFNRQWKH&ROXPQ¶VKHDGHU
0HQX $OW66

&RPPHQWV 7KH³$VFHQGLQJ´DQG³'HVFHQGLQJ´RSWLRQVLQWKH³6RUW´PHQXVRUWVWKHWDEOHGDWDZLWK
UHVSHFWWRWKHVHOHFWVRUWILHOG7RVRUWWKHFROXPQVGLUHFWO\DQGWRVHWWKHVRUWILHOGFOLFNWKH
FROXPQKHDGHUEXWWRQ

'HVFHQGLQJ6RUW
6RUW$OO5RZV
62570$5.('52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 6RUWWKHPDUNHGURZVDFFRUGLQJWRWKHSUHYLRXVO\VHOHFWHGVRUWRUGHU

&RPPHQWV $OOPDUNHGUHFRUGVDUHVRUWHGDQGJURXSHGDWWKHWRSRIWKHWDEOH

'HVFHQGLQJ6RUW
6RUW$OO5RZV

67$57'$7(),(/'

'HVFULSWLRQ 7KHILUVWILHOGLQWKH,(((ORQJILOHQDPLQJIRUPDW7KHVWDUWGDWHLVH[WUDFWHGIURPWKHHYHQW
ILOHVGRZQORDGHGDQGVWRUHGLQWKHIROORZLQJIRUPDW<HDUGLJLWV0RQWK'D\
([DPSOH)LOH1DPH
6%DUWRQ6XEVWDWLRQ6(/$UN(OHFWULF'$7

6WDUW7LPH)LHOG
67$577,0(),(/'

'HVFULSWLRQ 7KHVHFRQGILHOGLQWKH,(((ORQJILOHQDPLQJIRUPDW7KHVWDUWWLPHLVH[WUDFWHGIURPWKH
HYHQWILOHVGRZQORDGHGDQGVWRUHGLQWKHIROORZLQJIRUPDW+RXU0LQXWH6HFRQG0LOOLVHFRQG

([DPSOH)LOH1DPH

6WDUW'DWH)LHOG
68%67$7,21),(/'

'HVFULSWLRQ 7KHIRXUWKILHOGLQWKH,(((ORQJILOHQDPLQJIRUPDW7KHVXEVWDWLRQQDPHLVH[WUDFWHGIURP
WKHGHYLFHUHFRUG
([DPSOH)LOH1DPH

7$%'(/,0,7('7$%/('5,9(5

'HVFULSWLRQ 'LVSOD\WKHWDEGHOLPLWHGILOHDWWKHFXUVRUSRVLWLRQLQDWDEOHIRUPDW7DEGHOLPLWHGILOHVKDYH
WH[WXDOILHOGVVHSDUDWHGE\EODQNVSDFHVVXFKDV&+$11(/ '$7( 7,0(


&RPPHQWV 7KHGDWDLQWKHILOHLVSUHVHQWHGLQWDEXODUIRUP$QXQOLPLWHGQXPEHURIURZVDQGFROXPQV
FDQEHGLVSOD\HG

'RXEOH4XRWHV&RPPD'HOLPLWHG7DEOH'ULYHU
&RPPD'HOLPLWHG7DEOH'ULYHU
7&2'(),(/'

'HVFULSWLRQ 7KHWKLUGILHOGLQWKH,(((ORQJILOHQDPLQJIRUPDW7KH7&RGHLVH[WUDFWHGIURPWKHGHYLFH
UHFRUG
([DPSOH)LOH1DPH

727),/(6

'HVFULSWLRQ 'LVSOD\VWKHWRWDOQXPEHUILOHVGLUHFWRULHVLQWKHDFWLYHGLUHFWRU\7KH´´DQG³´QDYLJDWLRQ
VKRUWFXWVDUHLQFOXGHGLQWKHWRWDO

6HH$OVR 7RW0DUNV
7270$5.6
/RFDWLRQ $OO7DEOHV6WDWXV)LHOG

'HVFULSWLRQ 'LVSOD\VWKHWRWDOQXPEHURIPDUNHGURZVLQWKHDFWLYHWDEOH0DUNHGURZVDUHGLVSOD\HGLQ
OLJKWUHG

6HH$OVR $W5HF
7<3(&2/801

'HVFULSWLRQ 'LVSOD\VWKHIDXOWW\SHDVVRFLDWHGZLWKWKHORQJILOHQDPH7KHHLJKWKILHOGLQWKHILOHQDPH
GHILQHVWKHW\SHILHOGIRUWKH,(((ORQJILOHQDPLQJIRUPDW7KLVILHOGUHSUHVHQWVWKHIDXOW
W\SHRUFRQWHQWVW\SHRIWKHILOH

810$5.52:6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ 0DUNRUXQPDUNWKHURZDWWKHFXUVRUSRVLWLRQ

$FWLYDWLRQ 'LUHFW 6SDFHEDU&WUO0RXVH%XWWRQ
0HQX $OW00

DFFRUGLQJO\

6HH$OVR 8QPDUNHG0DUNV
*URXS0DUNHG5RZV

810$5.0$5.6
/RFDWLRQ $OO7DEOHV

'HVFULSWLRQ HGURZVLQWKHWDEOH
8QPDUNDOOWKHPDUNH


&RPPHQWV SOD\HGLQUHG7KH7RW0DUNVILHOGGLVSOD\HGLQWKHVVWDWXVEDULV
0DUNHGURZVDUHGLVS
XSGDWHGDFFRUGLQJO\

6HH$OVR 0DUN8QPDUN5RZV
*URXS0DUNHG5RZV
:$9()250'$7$

'HVFULSWLRQ 3ORWWKHFRQWHQWVRIWKHHYHQWILOHDWWKHFXUVRUSRVLWLRQLIWKHUHDUHQRPD
DUNHGZDYHIRUP
ILOHVHOVHSORWDOOWKHP
PDUNHGZDYHIRUPILOHV

$FWLYDWLRQ 'LUHFW HQWHU!3ORWWPHQXEXWWRQ
0HQX $OW2:2

&RPPHQWV $PD[LPXPRIRVFFLOORJUDSK\ORJILOHVFDQEHRSHQHGVLPXOWDQHRXVO\

6HH$OVR $VVRFLDWLQJ)LOH7\SH HV
:$9()2506800$5<
/RFDWLRQ )LOH0DQDJHUDQG$QQDO\VLV

'HVFULSWLRQ *HQHUDWHVDQGGLVSOD
D\VDQDORJDQGGLJLWDOVXPPDULHVIRUWKHDFWLYHILOHLQ
QWKHILOHWDEOHRULQ
WKHDQDO\VLVZLQGRZ

$FWLYDWLRQ 'LUHFW 6XPPHQXEEXWWRQV )LOH7DEOH $QDO\VLV
0HQX $OW26±)LOOH7DEOH$OW)6±$QDO\VLV

&RPPHQWV 7KHVXPPDU\ILOHGLVVSOD\VWKHIROORZLQJLQIRUPDWLRQ

:DYHIRUP,QIRUPDWLRQ
6WDWLRQ1DPHRIWKH6WDWLRQDVVRFLDWHGZLWKWKHZDYHIRUP
)LOHQDPH7KHQDPHRIWKHZDYHIRUPILOH
)LOH6L]H7KHVL]HRIIWKHILOHLQNLORE\WHV
3UHIDXOW7LPH7KHGD DWHDQGWLPHRIWKHILUVWSUHIDXOWVDPSOH
)DXOW7LPH7KHGDWH HDQGWLPHRIWKHILUVWIDXOWVDPSOH
6DYH7LPH7KHGDWH HDQGWLPHWKHILOHZDVVDYHGWRKDUGGLVN
3URFHVV7LPH7KHG GDWHDQGWLPHWKHILOHZDVSURFHVVHGLQWRWKLVVXPPDDU\
6WDUW'DWH 7LPH''DWHDQGWLPHRIWKHILUVWVDPSOHLQWKHILOH
(QG'DWH 7LPH'D DWHDQGWLPHRIWKHODVWVDPSOHLQWKHILOH
RQRIWKHILOHPHDVXUHGLQGD\VKRXUVVHFRQGVPLOOLVHFRQGVDQGRU
)LOH'XUDWLRQ'XUDWLR
PLFURVHFRQGVGH HSHQGLQJRQWKHW\SHRIILOH
6DPSOLQJ)UHTXHQF\\6DPSOLQJIUHTXHQF\DQGWKHWLPHEHWZHHQHDFKVD DPSOH
/LQH)UHTXHQF\/LQH H)UHTXHQF\GHILQHGLQWKHILOH

)DXOW,QIRUPDWLRQ
)DXOW,QIRUPDWLRQLVGGLVSOD\HGIRU6(/'/3DQG7UDQVFDQILOHV7KHIDXOWWLQIRUPDWLRQ
LQFOXGHV)DXOW7 \SH)DXOW7LPH/RFDWLRQ7DUJHWV7ULJJHUV)UHTXH
HQF\(YHQWDQG
7DUJHWV

0D[LPXP0LQLPXP P$QDORJ6XPPDU\
0D[,QVW,QVWDQWDQHR RXVPD[LPXPYDOXHV
0LQ,QVW,QVWDQWDQHR RXVPLQLPXPYDOXHV
0D[506506PD[[LPXPYDOXHV
0LQ506506PLQLP PXPYDOXHV
2QH%LW7KHFKDQQHO
VIXOOVFDOHYDOXHGLYLGHGE\WKHFKDQQHO
VUHVROXWLRQ
Q
,QVW'LII7KHGLIIHUHQ
QFHEHWZHHQWKH0D[,QVWDQG0LQ,QVWYDOXHV
506'LII7KHGLIIHUH HQFHEHWZHHQWKH0D[506DQG0LQ506YDOXHV
S87KHFKDQQHO
VSUUHIL[DQGXQLWV
'HVFULSWLRQ7KHQXP PEHUDQGWLWOHRIWKHFKDQQHO

(YHQWV6HQVRUV$FWWLYLW\6XPPDU\
)VW7KHVWDWHWKHFKD DQQHOVWDUWHGDW$ DODUP1 QRUPDO
/VW7KHVWDWHWKHFKD DQQHOHQGHGDW$ DODUP1 QRUPDO
)VW&KDQJH7KHGDWHDQGWLPHWKHFKDQQHOILUVWFKDQJHGVWDWH
/VW&KDQJH7KHGDWH HDQGWLPHWKHFKDQQHOODVWFKDQJHGVWDWH
&KDQJHV7KHQXPEH HURIWLPHVWKHFKDQQHOFKDQJHGVWDWH

(YHQWV6HQVRUV$FWWLYLW\/RJ
6WDWH7KHVWDWHRIWKKHFKDQQHODWWKHWULJJHUHGWLPH $ DODUP1 QRUUPDO
7ULJJHU7LPH7KHWLP PHWKHFKDQQHOFKDQJHGVWDWH

1RWH $Q[[[[[[[[[LQWKH
HHYHQWVVHQVRUVDFWLYLW\VXPPDU\LQGLFDWHVWKDWWKH
HGLJLWDOFKDQQHO
V
VWDWHGLGQRWFKDQJHIURPWKHLQLWLDOVWDWH)VW
=,3),/(6

'HVFULSWLRQ =LSDJURXSRIILOHVRUUDVLQJOHILOHXVLQJWKH³=LS0DUNHG)LOHV´RSWLRQXQG GHUWKH³)LOH´PHQX
$OOVXSSRUWILOHVQHHG GHGWRGLVSOD\WKHVHOHFWHGILOHVZLOOEHDXWRPDWLFDOO\LQFOXGHGLQWKH]LS
ILOH6XSSRUWILOHVLQFFOXGH&RPWUDGHFRQILJXUDWLRQ &)*KHDGHU +'5 5 LQIRUPDWLRQ
,1)ILOHV')5¶VDQDORJDQGGLJLWDOLQIRUPDWLRQILOHVVXFKDV+DWKDZD\\'$8ILOHV
5RFKHVWHUSUHDPEOHDQGKHDGHUILOHV)D[WUD['LUHFWRU&7/ILOHV7UDQVFD DQ6&)DQG7&)
ILOHV

$FWLYDWLRQ 'LUHFW 5LJKW&OLFN3
3RSXSPHQX%XWWRQ
0HQX $OW)=

)LHOGV 1HZ=LS)LOH1DPH (QWHUDSDWKDQGQDPHIRUWKHQHZ]LSILOH
(QFU\SW+HDGHUV &OLFNWRHQFU\SWKHDGHUV

HGHVLUHGILOHVLQWKHILOHWDEOHDQGVHOHFWWKH³=LS0DUUNHG)LOHV´RSWLRQ
&RPPHQWV 7R]LSILOHVPDUNWKH
IURPWKH³)LOH´PHQXRUULJKWFOLFNRQWKHILOHWDEOHDQGVHOHFWWKH³=LS´ RSWLRQIURPWKH
SRSXSPHQX$OOVXSSRUWILOHVQHHGHGWRGLVSOD\WKHILOHVDUHDXWRPDWLFFDOO\LQFOXGHG

6HH$OVR 0DUN8QPDUN5RZV

Manual Wavewin32

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Manual Wavewin32

Uploaded by

Copyright:

Available Formats

:$9(:,1

You might also like