the Purdue OWL MLA Formatting and Style Guide

3XUGXH2:/
:HOFRPHWRWKH3XUGXH2:/
7KLVSDJHLVEURXJKWWR\RXE\WKH2:/DW3XUGXH
KWWSVRZOHQJOLVKSXUGXHHGX:KHQSULQWLQJWKLVSDJH\RXPXVW
LQFOXGHWKHHQWLUHOHJDOQRWLFHDWERWWRP
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$)RUPDWWLQJDQG6W\OH*XLGH
3OHDVHXVHWKHH[DPSOHDWWKHERWWRPRIWKLVSDJHWRFLWHWKH3XUGXH2:/LQ0/$
7RVHHDVLGHE\VLGHFRPSDULVRQRIWKHWKUHHPRVWZLGHO\XVHGFLWDWLRQVW\OHVLQFOXGLQJ
DFKDUWRIDOO0/$FLWDWLRQJXLGHOLQHVVHHWKH&LWDWLRQ6W\OH&KDUW
<RXFDQDOVRZDWFKRXU0/$YLGFDVWVHULHVRQWKH3XUGXH2:/<RX7XEH&KDQQHO
*HQHUDO)RUPDW
0/$VW\OHVSHFLILHVJXLGHOLQHVIRUIRUPDWWLQJPDQXVFULSWVDQGXVLQJWKH(QJOLVK
ODQJXDJHLQZULWLQJ0/$VW\OHDOVRSURYLGHVZULWHUVZLWKDV\VWHPIRUUHIHUHQFLQJWKHLU
VRXUFHVWKURXJKSDUHQWKHWLFDOFLWDWLRQLQWKHLUHVVD\VDQG:RUNV&LWHGSDJHV
:ULWHUVZKRSURSHUO\XVH0/$DOVREXLOGWKHLUFUHGLELOLW\E\GHPRQVWUDWLQJ
DFFRXQWDELOLW\WRWKHLUVRXUFHPDWHULDO0RVWLPSRUWDQWO\WKHXVHRI0/$VW\OHFDQ
SURWHFWZULWHUVIURPDFFXVDWLRQVRISODJLDULVPZKLFKLVWKHSXUSRVHIXORUDFFLGHQWDO
XQFUHGLWHGXVHRIVRXUFHPDWHULDOE\RWKHUZULWHUV
,I\RXDUHDVNHGWRXVH0/$IRUPDWEHVXUHWRFRQVXOWWKH0/$+DQGERRNIRU:ULWHUVRI
5HVHDUFK3DSHUVWKHGLWLRQ3XEOLVKLQJVFKRODUVDQGJUDGXDWHVWXGHQWVVKRXOGDOVR
FRQVXOWWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUGHGLWLRQ7KH0/$
+DQGERRNLVDYDLODEOHLQPRVWZULWLQJFHQWHUVDQGUHIHUHQFHOLEUDULHVLWLVDOVRZLGHO\
DYDLODEOHLQERRNVWRUHVOLEUDULHVDQGDWWKH0/$ZHEVLWH6HHWKH$GGLWLRQDO5HVRXUFHV
VHFWLRQRIWKLVKDQGRXWIRUDOLVWRIKHOSIXOERRNVDQGVLWHVDERXWXVLQJ0/$VW\OH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
3DSHU)RUPDW
7KHSUHSDUDWLRQRISDSHUVDQGPDQXVFULSWVLQ0/$VW\OHLVFRYHUHGLQFKDSWHUIRXURIWKH
0/$+DQGERRNDQGFKDSWHUIRXURIWKH0/$6W\OH0DQXDO%HORZDUHVRPHEDVLF
JXLGHOLQHVIRUIRUPDWWLQJDSDSHULQ0/$VW\OH
*HQHUDO*XLGHOLQHV
7\SH\RXUSDSHURQDFRPSXWHUDQGSULQWLWRXWRQVWDQGDUGZKLWH[LQFK
SDSHU
'RXEOHVSDFHWKHWH[WRI\RXUSDSHUDQGXVHDOHJLEOHIRQWHJ7LPHV1HZ
5RPDQ:KDWHYHUIRQW\RXFKRRVH0/$UHFRPPHQGVWKDWWKHUHJXODUDQGLWDOLFV
W\SHVW\OHVFRQWUDVWHQRXJKWKDWWKH\DUHUHFRJQL]DEOHRQHIURPDQRWKHU7KHIRQW
VL]HVKRXOGEHSW
/HDYHRQO\RQHVSDFHDIWHUSHULRGVRURWKHUSXQFWXDWLRQPDUNVXQOHVVRWKHUZLVH
LQVWUXFWHGE\\RXULQVWUXFWRU
6HWWKHPDUJLQVRI\RXUGRFXPHQWWRLQFKRQDOOVLGHV
,QGHQWWKHILUVWOLQHRISDUDJUDSKVRQHKDOILQFKIURPWKHOHIWPDUJLQ0/$
UHFRPPHQGVWKDW\RXXVHWKH7DENH\DVRSSRVHGWRSXVKLQJWKH6SDFH%DUILYH
WLPHV
&UHDWHDKHDGHUWKDWQXPEHUVDOOSDJHVFRQVHFXWLYHO\LQWKHXSSHUULJKWKDQG
FRUQHURQHKDOILQFKIURPWKHWRSDQGIOXVKZLWKWKHULJKWPDUJLQ1RWH<RXU
LQVWUXFWRUPD\DVNWKDW\RXRPLWWKHQXPEHURQ\RXUILUVWSDJH$OZD\VIROORZ\RXU
LQVWUXFWRU
VJXLGHOLQHV
8VHLWDOLFVWKURXJKRXW\RXUHVVD\IRUWKHWLWOHVRIORQJHUZRUNVDQGRQO\ZKHQ
DEVROXWHO\QHFHVVDU\SURYLGLQJHPSKDVLV
,I\RXKDYHDQ\HQGQRWHVLQFOXGHWKHPRQDVHSDUDWHSDJHEHIRUH\RXU:RUNV&LWHG
SDJH(QWLWOHWKHVHFWLRQ1RWHVFHQWHUHGXQIRUPDWWHG
)RUPDWWLQJWKH)LUVW3DJHRI<RXU3DSHU
'RQRWPDNHDWLWOHSDJHIRU\RXUSDSHUXQOHVVVSHFLILFDOO\UHTXHVWHG
,QWKHXSSHUOHIWKDQGFRUQHURIWKHILUVWSDJHOLVW\RXUQDPH\RXULQVWUXFWRU
V
QDPHWKHFRXUVHDQGWKHGDWH$JDLQEHVXUHWRXVHGRXEOHVSDFHGWH[W
'RXEOHVSDFHDJDLQDQGFHQWHUWKHWLWOH'RQRWXQGHUOLQHLWDOLFL]HRUSODFH\RXU
WLWOHLQTXRWDWLRQPDUNVZULWHWKHWLWOHLQ7LWOH&DVHVWDQGDUGFDSLWDOL]DWLRQQRWLQ
DOOFDSLWDOOHWWHUV
8VHTXRWDWLRQPDUNVDQGRULWDOLFVZKHQUHIHUULQJWRRWKHUZRUNVLQ\RXUWLWOHMXVW
DV\RXZRXOGLQ\RXUWH[W)HDUDQG/RDWKLQJLQ/DV9HJDVDV0RUDOLW\3OD\
+XPDQ:HDULQHVVLQ$IWHU$SSOH3LFNLQJ
'RXEOHVSDFHEHWZHHQWKHWLWOHDQGWKHILUVWOLQHRIWKHWH[W
&UHDWHDKHDGHULQWKHXSSHUULJKWKDQGFRUQHUWKDWLQFOXGHV\RXUODVWQDPH
IROORZHGE\DVSDFHZLWKDSDJHQXPEHUQXPEHUDOOSDJHVFRQVHFXWLYHO\ZLWK
$UDELFQXPHUDOVHWFRQHKDOILQFKIURPWKHWRSDQGIOXVKZLWKWKHULJKW
PDUJLQ1RWH<RXULQVWUXFWRURURWKHUUHDGHUVPD\DVNWKDW\RXRPLWODVW
QDPHSDJHQXPEHUKHDGHURQ\RXUILUVWSDJH$OZD\VIROORZLQVWUXFWRUJXLGHOLQHV
+HUHLVDVDPSOHRIWKHILUVWSDJHRIDSDSHULQ0/$VW\OH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
,PDJH&DSWLRQ7KH)LUVW3DJHRIDQ0/$3DSHU
6HFWLRQ+HDGLQJV
:ULWHUVVRPHWLPHVXVH6HFWLRQ+HDGLQJVWRLPSURYHDGRFXPHQW¶VUHDGDELOLW\7KHVH
VHFWLRQVPD\LQFOXGHLQGLYLGXDOFKDSWHUVRURWKHUQDPHGSDUWVRIDERRNRUHVVD\
(VVD\V
0/$UHFRPPHQGVWKDWZKHQ\RXGLYLGHDQHVVD\LQWRVHFWLRQVWKDW\RXQXPEHUWKRVH
VHFWLRQVZLWKDQDUDELFQXPEHUDQGDSHULRGIROORZHGE\DVSDFHDQGWKHVHFWLRQQDPH
(DUO\:ULWLQJV
7KH/RQGRQ<HDUV
7UDYHOLQJWKH&RQWLQHQW
)LQDO<HDUV
%RRNV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
0/$GRHVQRWKDYHDSUHVFULEHGV\VWHPRIKHDGLQJVIRUERRNVIRUPRUHLQIRUPDWLRQRQ
KHDGLQJVSOHDVHVHHSDJHLQWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\
3XEOLVKLQJUGHGLWLRQ,I\RXDUHRQO\XVLQJRQHOHYHORIKHDGLQJVPHDQLQJWKDWDOORI
WKHVHFWLRQVDUHGLVWLQFWDQGSDUDOOHODQGKDYHQRDGGLWLRQDOVHFWLRQVWKDWILWZLWKLQWKHP
0/$UHFRPPHQGVWKDWWKHVHVHFWLRQVUHVHPEOHRQHDQRWKHUJUDPPDWLFDOO\)RULQVWDQFH
LI\RXUKHDGLQJVDUHW\SLFDOO\VKRUWSKUDVHVPDNHDOORIWKHKHDGLQJVVKRUWSKUDVHVDQG
QRWIRUH[DPSOHIXOOVHQWHQFHV2WKHUZLVHWKHIRUPDWWLQJLVXSWR\RX,WVKRXOG
KRZHYHUEHFRQVLVWHQWWKURXJKRXWWKHGRFXPHQW
,I\RXHPSOR\PXOWLSOHOHYHOVRIKHDGLQJVVRPHRI\RXUVHFWLRQVKDYHVHFWLRQVZLWKLQ
VHFWLRQV\RXPD\ZDQWWRSURYLGHDNH\RI\RXUFKRVHQOHYHOKHDGLQJVDQGWKHLU
IRUPDWWLQJWR\RXULQVWUXFWRURUHGLWRU
6DPSOH6HFWLRQ+HDGLQJV
7KHIROORZLQJVDPSOHKHDGLQJVDUHPHDQWWREHXVHGRQO\DVDUHIHUHQFH<RXPD\
HPSOR\ZKDWHYHUV\VWHPRIIRUPDWWLQJWKDWZRUNVEHVWIRU\RXVRORQJDVLWUHPDLQV
FRQVLVWHQWWKURXJKRXWWKHGRFXPHQW
1XPEHUHG
6RLO&RQVHUYDWLRQ
(URVLRQ
7HUUDFLQJ
:DWHU&RQVHUYDWLRQ
(QHUJ\&RQVHUYDWLRQ
)RUPDWWHGXQQXPEHUHG
/HYHO+HDGLQJEROGIOXVKOHIW
/HYHO+HDGLQJLWDOLFVIOXVKOHIW
/HYHO+HDGLQJFHQWHUHGEROG
/HYHO+HDGLQJFHQWHUHGLWDOLFV
/HYHO+HDGLQJXQGHUOLQHGIOXVKOHIW
+RZWR&LWHWKH3XUGXH2:/LQ0/$
(QWLUH:HEVLWH
7KH3XUGXH2:/3XUGXH8:ULWLQJ/DE:HE'DWHRIDFFHVV
,QGLYLGXDO5HVRXUFHV
&RQWULEXWRUV
QDPHVDQGWKHODVWHGLWHGGDWHFDQEHIRXQGLQWKHRUDQJHER[HVDWWKHWRSRI
HYHU\SDJHRQWKH2:/
&RQWULEXWRUV
QDPHV7LWOHRI5HVRXUFH7KH3XUGXH2:/3XUGXH8:ULWLQJ/DE/DVW
HGLWHGGDWH:HE'DWHRIDFFHVV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
5XVVHOO7RQ\$OOHQ%UL]HHDQG(OL]DEHWK$QJHOL0/$)RUPDWWLQJDQG6W\OH*XLGH
7KH3XUGXH2:/3XUGXH8:ULWLQJ/DE$SU:HE-XO\
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$,Q7H[W&LWDWLRQV7KH%DVLFV
*XLGHOLQHVIRUUHIHUULQJWRWKHZRUNVRIRWKHUVLQ\RXUWH[WXVLQJ0/$VW\OHDUHFRYHUHG
LQFKDSWHURIWKH0/$+DQGERRNDQGLQFKDSWHURIWKH0/$6W\OH0DQXDO%RWKERRNV
SURYLGHH[WHQVLYHH[DPSOHVVRLW
VDJRRGLGHDWRFRQVXOWWKHPLI\RXZDQWWREHFRPH
HYHQPRUHIDPLOLDUZLWK0/$JXLGHOLQHVRULI\RXKDYHDSDUWLFXODUUHIHUHQFHTXHVWLRQ
%DVLFLQWH[WFLWDWLRQUXOHV
,Q0/$VW\OHUHIHUULQJWRWKHZRUNVRIRWKHUVLQ\RXUWH[WLVGRQHE\XVLQJZKDWLV
NQRZQDVSDUHQWKHWLFDOFLWDWLRQ7KLVPHWKRGLQYROYHVSODFLQJUHOHYDQWVRXUFH
LQIRUPDWLRQLQSDUHQWKHVHVDIWHUDTXRWHRUDSDUDSKUDVH
*HQHUDO*XLGHOLQHV
7KHVRXUFHLQIRUPDWLRQUHTXLUHGLQDSDUHQWKHWLFDOFLWDWLRQGHSHQGVXSRQWKH
VRXUFHPHGLXPHJ3ULQW:HE'9'DQGXSRQWKHVRXUFH¶VHQWU\RQWKH
:RUNV&LWHGELEOLRJUDSK\SDJH
$Q\VRXUFHLQIRUPDWLRQWKDW\RXSURYLGHLQWH[WPXVWFRUUHVSRQGWRWKHVRXUFH
LQIRUPDWLRQRQWKH:RUNV&LWHGSDJH0RUHVSHFLILFDOO\ZKDWHYHUVLJQDOZRUGRU
SKUDVH\RXSURYLGHWR\RXUUHDGHUVLQWKHWH[WPXVWEHWKHILUVWWKLQJWKDWDSSHDUV
RQWKHOHIWKDQGPDUJLQRIWKHFRUUHVSRQGLQJHQWU\LQWKH:RUNV&LWHG/LVW
,QWH[WFLWDWLRQV$XWKRUSDJHVW\OH
0/$IRUPDWIROORZVWKHDXWKRUSDJHPHWKRGRILQWH[WFLWDWLRQ7KLVPHDQVWKDWWKH
DXWKRU
VODVWQDPHDQGWKHSDJHQXPEHUVIURPZKLFKWKHTXRWDWLRQRUSDUDSKUDVHLV
WDNHQPXVWDSSHDULQWKHWH[WDQGDFRPSOHWHUHIHUHQFHVKRXOGDSSHDURQ\RXU:RUNV
&LWHGSDJH7KHDXWKRU
VQDPHPD\DSSHDUHLWKHULQWKHVHQWHQFHLWVHOIRULQSDUHQWKHVHV
IROORZLQJWKHTXRWDWLRQRUSDUDSKUDVHEXWWKHSDJHQXPEHUVVKRXOGDOZD\VDSSHDULQ
WKHSDUHQWKHVHVQRWLQWKHWH[WRI\RXUVHQWHQFH)RUH[DPSOH
:RUGVZRUWKVWDWHGWKDW5RPDQWLFSRHWU\ZDVPDUNHGE\DVSRQWDQHRXVRYHUIORZRI
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
SRZHUIXOIHHOLQJV
5RPDQWLFSRHWU\LVFKDUDFWHUL]HGE\WKHVSRQWDQHRXVRYHUIORZRISRZHUIXOIHHOLQJV
:RUGVZRUWK
:RUGVZRUWKH[WHQVLYHO\H[SORUHGWKHUROHRIHPRWLRQLQWKHFUHDWLYHSURFHVV
%RWKFLWDWLRQVLQWKHH[DPSOHVDERYHDQG:RUGVZRUWKWHOOUHDGHUVWKDWWKH
LQIRUPDWLRQLQWKHVHQWHQFHFDQEHORFDWHGRQSDJHRIDZRUNE\DQDXWKRUQDPHG
:RUGVZRUWK,IUHDGHUVZDQWPRUHLQIRUPDWLRQDERXWWKLVVRXUFHWKH\FDQWXUQWRWKH
:RUNV&LWHGSDJHZKHUHXQGHUWKHQDPHRI:RUGVZRUWKWKH\ZRXOGILQGWKHIROORZLQJ
LQIRUPDWLRQ
:RUGVZRUWK:LOOLDP/\ULFDO%DOODGV/RQGRQ2[IRUG833ULQW
,QWH[WFLWDWLRQVIRUSULQWVRXUFHVZLWKNQRZQDXWKRU
)RU3ULQWVRXUFHVOLNHERRNVPDJD]LQHVVFKRODUO\MRXUQDODUWLFOHVDQGQHZVSDSHUV
SURYLGHDVLJQDOZRUGRUSKUDVHXVXDOO\WKHDXWKRU¶VODVWQDPHDQGDSDJHQXPEHU,I
\RXSURYLGHWKHVLJQDOZRUGSKUDVHLQWKHVHQWHQFH\RXGRQRWQHHGWRLQFOXGHLWLQWKH
SDUHQWKHWLFDOFLWDWLRQ
+XPDQEHLQJVKDYHEHHQGHVFULEHGE\.HQQHWK%XUNHDVV\PEROXVLQJDQLPDOV
+XPDQEHLQJVKDYHEHHQGHVFULEHGDVV\PEROXVLQJDQLPDOV%XUNH
7KHVHH[DPSOHVPXVWFRUUHVSRQGWRDQHQWU\WKDWEHJLQVZLWK%XUNHZKLFKZLOOEHWKH
ILUVWWKLQJWKDWDSSHDUVRQWKHOHIWKDQGPDUJLQRIDQHQWU\LQWKH:RUNV&LWHG
%XUNH.HQQHWK/DQJXDJHDV6\PEROLF$FWLRQ(VVD\VRQ/LIH/LWHUDWXUHDQG0HWKRG
%HUNHOH\8RI&DOLIRUQLD33ULQW
,QWH[WFLWDWLRQVIRUSULQWVRXUFHVE\DFRUSRUDWHDXWKRU
:KHQDVRXUFHKDVDFRUSRUDWHDXWKRULWLVDFFHSWDEOHWRXVHWKHQDPHRIWKHFRUSRUDWLRQ
IROORZHGE\WKHSDJHQXPEHUIRUWKHLQWH[WFLWDWLRQ<RXVKRXOGDOVRXVHDEEUHYLDWLRQV
HJQDW
OIRUQDWLRQDOZKHUHDSSURSULDWHVRDVWRDYRLGLQWHUUXSWLQJWKHIORZRIUHDGLQJ
ZLWKRYHUO\ORQJSDUHQWKHWLFDOFLWDWLRQV
,QWH[WFLWDWLRQVIRUSULQWVRXUFHVZLWKQRNQRZQDXWKRU
:KHQDVRXUFHKDVQRNQRZQDXWKRUXVHDVKRUWHQHGWLWOHRIWKHZRUNLQVWHDGRIDQDXWKRU
QDPH3ODFHWKHWLWOHLQTXRWDWLRQPDUNVLILW
VDVKRUWZRUNVXFKDVDQDUWLFOHRULWDOLFL]H
LWLILW
VDORQJHUZRUNHJSOD\VERRNVWHOHYLVLRQVKRZVHQWLUH:HEVLWHVDQGSURYLGHD
SDJHQXPEHU
:HVHHVRPDQ\JOREDOZDUPLQJKRWVSRWVLQ1RUWK$PHULFDOLNHO\EHFDXVHWKLVUHJLRQKDV
PRUHUHDGLO\DFFHVVLEOHFOLPDWLFGDWDDQGPRUHFRPSUHKHQVLYHSURJUDPVWRPRQLWRUDQG
VWXG\HQYLURQPHQWDOFKDQJH,PSDFWRI*OREDO:DUPLQJ
,QWKLVH[DPSOHVLQFHWKHUHDGHUGRHVQRWNQRZWKHDXWKRURIWKHDUWLFOHDQDEEUHYLDWHG
WLWOHRIWKHDUWLFOHDSSHDUVLQWKHSDUHQWKHWLFDOFLWDWLRQZKLFKFRUUHVSRQGVWRWKHIXOOQDPH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
RIWKHDUWLFOHZKLFKDSSHDUVILUVWDWWKHOHIWKDQGPDUJLQRILWVUHVSHFWLYHHQWU\LQWKH
:RUNV&LWHG7KXVWKHZULWHULQFOXGHVWKHWLWOHLQTXRWDWLRQPDUNVDVWKHVLJQDOSKUDVHLQ
WKHSDUHQWKHWLFDOFLWDWLRQLQRUGHUWROHDGWKHUHDGHUGLUHFWO\WRWKHVRXUFHRQWKH:RUNV
&LWHGSDJH7KH:RUNV&LWHGHQWU\DSSHDUVDVIROORZV
7KH,PSDFWRI*OREDO:DUPLQJLQ1RUWK$PHULFD*OREDO:DUPLQJ(DUO\6LJQV
:HE0DU
:H
OOOHDUQKRZWRPDNHD:RUNV&LWHGSDJHLQDELWEXWULJKWQRZLW
VLPSRUWDQWWRNQRZ
WKDWSDUHQWKHWLFDOFLWDWLRQVDQG:RUNV&LWHGSDJHVDOORZUHDGHUVWRNQRZZKLFKVRXUFHV
\RXFRQVXOWHGLQZULWLQJ\RXUHVVD\VRWKDWWKH\FDQHLWKHUYHULI\\RXULQWHUSUHWDWLRQRI
WKHVRXUFHVRUXVHWKHPLQWKHLURZQVFKRODUO\ZRUN
$XWKRUSDJHFLWDWLRQIRUFODVVLFDQGOLWHUDU\ZRUNVZLWKPXOWLSOHHGLWLRQV
3DJHQXPEHUVDUHDOZD\VUHTXLUHGEXWDGGLWLRQDOFLWDWLRQLQIRUPDWLRQFDQKHOSOLWHUDU\
VFKRODUVZKRPD\KDYHDGLIIHUHQWHGLWLRQRIDFODVVLFZRUNOLNH0DU[DQG(QJHOV
V7KH
&RPPXQLVW0DQLIHVWR,QVXFKFDVHVJLYHWKHSDJHQXPEHURI\RXUHGLWLRQPDNLQJVXUH
WKHHGLWLRQLVOLVWHGLQ\RXU:RUNV&LWHGSDJHRIFRXUVHIROORZHGE\DVHPLFRORQDQG
WKHQWKHDSSURSULDWHDEEUHYLDWLRQVIRUYROXPHYROERRNENSDUWSWFKDSWHUFK
VHFWLRQVHFRUSDUDJUDSKSDU)RUH[DPSOH
0DU[DQG(QJHOVGHVFULEHGKXPDQKLVWRU\DVPDUNHGE\FODVVVWUXJJOHVFK
&LWLQJDXWKRUVZLWKVDPHODVWQDPHV
6RPHWLPHVPRUHLQIRUPDWLRQLVQHFHVVDU\WRLGHQWLI\WKHVRXUFHIURPZKLFKDTXRWDWLRQLV
WDNHQ)RULQVWDQFHLIWZRRUPRUHDXWKRUVKDYHWKHVDPHODVWQDPHSURYLGHERWKDXWKRUV
ILUVWLQLWLDOVRUHYHQWKHDXWKRUV
IXOOQDPHLIGLIIHUHQWDXWKRUVVKDUHLQLWLDOVLQ\RXU
FLWDWLRQ)RUH[DPSOH
$OWKRXJKVRPHPHGLFDOHWKLFLVWVFODLPWKDWFORQLQJZLOOOHDGWRGHVLJQHUFKLOGUHQ5
0LOOHURWKHUVQRWHWKDWWKHDGYDQWDJHVIRUPHGLFDOUHVHDUFKRXWZHLJKWKLV
FRQVLGHUDWLRQ$0LOOHU
&LWLQJDZRUNE\PXOWLSOHDXWKRUV
)RUDVRXUFHZLWKWKUHHRUIHZHUDXWKRUVOLVWWKHDXWKRUV
ODVWQDPHVLQWKHWH[WRULQWKH
SDUHQWKHWLFDOFLWDWLRQ
6PLWK<DQJDQG0RRUHDUJXHWKDWWRXJKHUJXQFRQWUROLVQRWQHHGHGLQWKH8QLWHG6WDWHV
7KHDXWKRUVVWDWH7LJKWHUJXQFRQWUROLQWKH8QLWHG6WDWHVHURGHV6HFRQG$PHQGPHQW
ULJKWV6PLWK<DQJDQG0RRUH
)RUDVRXUFHZLWKPRUHWKDQWKUHHDXWKRUVXVHWKHZRUN
VELEOLRJUDSKLFLQIRUPDWLRQDVD
JXLGHIRU\RXUFLWDWLRQ3URYLGHWKHILUVWDXWKRU
VODVWQDPHIROORZHGE\HWDORUOLVWDOOWKH
ODVWQDPHV
-RQHVHWDOFRXQWHU6PLWK<DQJDQG0RRUH
VDUJXPHQWE\QRWLQJWKDWWKHFXUUHQWVSLNH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
LQJXQYLROHQFHLQ$PHULFDFRPSHOVODZPDNHUVWRDGMXVWJXQODZV
2U
/HJDOH[SHUWVFRXQWHU6PLWK<DQJDQG0RRUH
VDUJXPHQWE\QRWLQJWKDWWKHFXUUHQW
VSLNHLQJXQYLROHQFHLQ$PHULFDFRPSHOVODZPDNHUVWRDGMXVWJXQODZV-RQHVHWDO
2U
-RQHV'ULVFROO$FNHUVRQDQG%HOOFRXQWHU6PLWK<DQJDQG0RRUH
VDUJXPHQWE\
QRWLQJWKDWWKHFXUUHQWVSLNHLQJXQYLROHQFHLQ$PHULFDFRPSHOVODZPDNHUVWRDGMXVW
JXQODZV
&LWLQJPXOWLSOHZRUNVE\WKHVDPHDXWKRU
,I\RXFLWHPRUHWKDQRQHZRUNE\DSDUWLFXODUDXWKRULQFOXGHDVKRUWHQHGWLWOHIRUWKH
SDUWLFXODUZRUNIURPZKLFK\RXDUHTXRWLQJWRGLVWLQJXLVKLWIURPWKHRWKHUV3XWVKRUW
WLWOHVRIERRNVLQLWDOLFVDQGVKRUWWLWOHVRIDUWLFOHVLQTXRWDWLRQPDUNV
&LWLQJWZRDUWLFOHVE\WKHVDPHDXWKRU
/LJKWHQRUKDVDUJXHGWKDWFRPSXWHUVDUHQRWXVHIXOWRROVIRUVPDOOFKLOGUHQ7RR6RRQ
WKRXJKKHKDVDFNQRZOHGJHGHOVHZKHUHWKDWHDUO\H[SRVXUHWRFRPSXWHUJDPHVGRHV
OHDGWREHWWHUVPDOOPRWRUVNLOOGHYHORSPHQWLQDFKLOG
VVHFRQGDQGWKLUG\HDU+DQG(\H
'HYHORSPHQW
&LWLQJWZRERRNVE\WKHVDPHDXWKRU
0XUUD\VWDWHVWKDWZULWLQJLVDSURFHVVWKDWYDULHVZLWKRXUWKLQNLQJVW\OH:ULWHWR
/HDUQ$GGLWLRQDOO\0XUUD\DUJXHVWKDWWKHSXUSRVHRIZULWLQJLVWRFDUU\LGHDVDQG
LQIRUPDWLRQIURPWKHPLQGRIRQHSHUVRQLQWRWKHPLQGRIDQRWKHU$:ULWHU7HDFKHV
:ULWLQJ
$GGLWLRQDOO\LIWKHDXWKRU
VQDPHLVQRWPHQWLRQHGLQWKHVHQWHQFH\RXZRXOGIRUPDW
\RXUFLWDWLRQZLWKWKHDXWKRU
VQDPHIROORZHGE\DFRPPDIROORZHGE\DVKRUWHQHGWLWOH
RIWKHZRUNIROORZHGZKHQDSSURSULDWHE\SDJHQXPEHUV
9LVXDOVWXGLHVEHFDXVHLWLVVXFKDQHZGLVFLSOLQHPD\EHWRRHDV\(ONLQV9LVXDO
6WXGLHV
&LWLQJPXOWLYROXPHZRUNV
,I\RXFLWHIURPGLIIHUHQWYROXPHVRIDPXOWLYROXPHZRUNDOZD\VLQFOXGHWKHYROXPH
QXPEHUIROORZHGE\DFRORQ3XWDVSDFHDIWHUWKHFRORQWKHQSURYLGHWKHSDJHQXPEHUV
,I\RXRQO\FLWHIURPRQHYROXPHSURYLGHRQO\WKHSDJHQXPEHULQSDUHQWKHVHV
DV4XLQWLOLDQZURWHLQ,QVWLWXWLR2UDWRULD
&LWLQJWKH%LEOH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
,Q\RXUILUVWSDUHQWKHWLFDOFLWDWLRQ\RXZDQWWRPDNHFOHDUZKLFK%LEOH\RX
UHXVLQJDQG
XQGHUOLQHRULWDOLFL]HWKHWLWOHDVHDFKYHUVLRQYDULHVLQLWVWUDQVODWLRQIROORZHGE\ERRN
GRQRWLWDOLFL]HRUXQGHUOLQHFKDSWHUDQGYHUVH)RUH[DPSOH
(]HNLHOVDZZKDWVHHPHGWREHIRXUOLYLQJFUHDWXUHVHDFKZLWKIDFHVRIDPDQDOLRQ
DQR[DQGDQHDJOH1HZ-HUXVDOHP%LEOH(]HN
,IIXWXUHUHIHUHQFHVHPSOR\WKHVDPHHGLWLRQRIWKH%LEOH\RX¶UHXVLQJOLVWRQO\WKHERRN
FKDSWHUDQGYHUVHLQWKHSDUHQWKHWLFDOFLWDWLRQ
&LWLQJLQGLUHFWVRXUFHV
6RPHWLPHV\RXPD\KDYHWRXVHDQLQGLUHFWVRXUFH$QLQGLUHFWVRXUFHLVDVRXUFHFLWHGLQ
DQRWKHUVRXUFH)RUVXFKLQGLUHFWTXRWDWLRQVXVHTWGLQWRLQGLFDWHWKHVRXUFH\RX
DFWXDOO\FRQVXOWHG)RUH[DPSOH
5DYLWFKDUJXHVWKDWKLJKVFKRROVDUHSUHVVXUHGWRDFWDVVRFLDOVHUYLFHFHQWHUVDQGWKH\
GRQ
WGRWKDWZHOOTWGLQ:HLVPDQ
1RWHWKDWLQPRVWFDVHVDUHVSRQVLEOHUHVHDUFKHUZLOODWWHPSWWRILQGWKHRULJLQDOVRXUFH
UDWKHUWKDQFLWLQJDQLQGLUHFWVRXUFH
&LWLQJQRQSULQWRUVRXUFHVIURPWKH,QWHUQHW
:LWKPRUHDQGPRUHVFKRODUO\ZRUNEHLQJSRVWHGRQWKH,QWHUQHW\RXPD\KDYHWRFLWH
UHVHDUFK\RXKDYHFRPSOHWHGLQYLUWXDOHQYLURQPHQWV:KLOHPDQ\VRXUFHVRQWKH,QWHUQHW
VKRXOGQRWEHXVHGIRUVFKRODUO\ZRUNUHIHUHQFHWKH2:/
V(YDOXDWLQJ6RXUFHVRI
,QIRUPDWLRQUHVRXUFHVRPH:HEVRXUFHVDUHSHUIHFWO\DFFHSWDEOHIRUUHVHDUFK:KHQ
FUHDWLQJLQWH[WFLWDWLRQVIRUHOHFWURQLFILOPRU,QWHUQHWVRXUFHVUHPHPEHUWKDW\RXU
FLWDWLRQPXVWUHIHUHQFHWKHVRXUFHLQ\RXU:RUNV&LWHG
6RPHWLPHVZULWHUVDUHFRQIXVHGZLWKKRZWRFUDIWSDUHQWKHWLFDOFLWDWLRQVIRUHOHFWURQLF
VRXUFHVEHFDXVHRIWKHDEVHQFHRISDJHQXPEHUVEXWRIWHQWKHVHVRUWVRIHQWULHVGRQRW
UHTXLUHDQ\VRUWRISDUHQWKHWLFDOFLWDWLRQDWDOO)RUHOHFWURQLFDQG,QWHUQHWVRXUFHVIROORZ
WKHIROORZLQJJXLGHOLQHV
,QFOXGHLQWKHWH[WWKHILUVWLWHPWKDWDSSHDUVLQWKH:RUN&LWHGHQWU\WKDW
FRUUHVSRQGVWRWKHFLWDWLRQHJDXWKRUQDPHDUWLFOHQDPHZHEVLWHQDPHILOP
QDPH
<RXGRQRWQHHGWRJLYHSDUDJUDSKQXPEHUVRUSDJHQXPEHUVEDVHGRQ\RXU:HE
EURZVHU¶VSULQWSUHYLHZIXQFWLRQ
8QOHVV\RXPXVWOLVWWKH:HEVLWHQDPHLQWKHVLJQDOSKUDVHLQRUGHUWRJHWWKH
UHDGHUWRWKHDSSURSULDWHHQWU\GRQRWLQFOXGH85/VLQWH[W2QO\SURYLGHSDUWLDO
85/VVXFKDVZKHQWKHQDPHRIWKHVLWHLQFOXGHVIRUH[DPSOHDGRPDLQQDPHOLNH
&11FRPRU)RUEHVFRPDVRSSRVHGWRZULWLQJRXWKWWSZZZFQQFRPRU
KWWSZZZIRUEHVFRP
0LVFHOODQHRXVQRQSULQWVRXUFHV
:HUQHU+HU]RJ
V)LW]FDUUDOGRVWDUV+HU]RJ
VORQJWLPHILOPSDUWQHU.ODXV.LQVNL
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
'XULQJWKHVKRRWLQJRI)LW]FDUUDOGR+HU]RJDQG.LQVNLZHUHRIWHQDWRGGVEXWWKHLU
H[SORVLYHUHODWLRQVKLSIRVWHUHGDPHPRUDEOHDQGLQIOXHQWLDOILOP
'XULQJWKHSUHVHQWDWLRQ-DQH<DWHVVWDWHGWKDWLQYHQWLRQDQGSUHZULWLQJDUHDUHDVRI
UKHWRULFWKDWQHHGPRUHDWWHQWLRQ
,QWKHWZRH[DPSOHVDERYH³+HU]RJ´IURPWKHILUVWHQWU\DQG³<DWHV´IURPWKHVHFRQG
OHDGWKHUHDGHUWRWKHILUVWLWHPHDFKFLWDWLRQ¶VUHVSHFWLYHHQWU\RQWKH:RUNV&LWHGSDJH
+HU]RJ:HUQHUGLU)LW]FDUUDOGR3HUI.ODXV.LQVNL)LOPYHUODJGHU$XWRUHQ
)LOP
<DWHV-DQH,QYHQWLRQLQ5KHWRULFDQG&RPSRVLWLRQ*DSV$GGUHVVHG)XWXUH:RUNLQ
5KHWRULFDQG&RPSRVLWLRQ&&&&3DOPHU+RXVH+LOWRQ3UHVHQWDWLRQ
(OHFWURQLFVRXUFHV
2QHRQOLQHILOPFULWLFVWDWHGWKDW)LW]FDUUDOGRLVDEHDXWLIXODQGWHUULI\LQJFULWLTXHRI
REVHVVLRQDQGFRORQLDOLVP*DUFLD³+HU]RJD/LIH´
7KH3XUGXH2:/LVDFFHVVHGE\PLOOLRQVRIXVHUVHYHU\\HDU,WV0/$)RUPDWWLQJDQG
6W\OH*XLGHLVRQHRIWKHPRVWSRSXODUUHVRXUFHV6WROOH\HWDO
,QWKHILUVWH[DPSOHWKHZULWHUKDVFKRVHQQRWWRLQFOXGHWKHDXWKRUQDPHLQWH[W
KRZHYHUWZRHQWULHVIURPWKHVDPHDXWKRUDSSHDULQWKH:RUNV&LWHG7KXVWKHZULWHU
LQFOXGHVERWKWKHDXWKRU¶VODVWQDPHDQGWKHDUWLFOHWLWOHLQWKHSDUHQWKHWLFDOFLWDWLRQLQ
RUGHUWROHDGWKHUHDGHUWRWKHDSSURSULDWHHQWU\RQWKH:RUNV&LWHGSDJHVHHEHORZ,Q
WKHVHFRQGH[DPSOH³6WROOH\HWDO´LQWKHSDUHQWKHWLFDOFLWDWLRQJLYHVWKHUHDGHUDQDXWKRU
QDPHIROORZHGE\WKHDEEUHYLDWLRQ³HWDO´PHDQLQJ³DQGRWKHUV´IRUWKHDUWLFOH³0/$
)RUPDWWLQJDQG6W\OH*XLGH´%RWKFRUUHVSRQGLQJ:RUNV&LWHGHQWULHVDUHDVIROORZV
*DUFLD(OL]DEHWK+HU]RJD/LIH2QOLQH)LOP&ULWLFV&RUQHU7KH)LOP6FKRRORI1HZ
+DPSVKLUH0D\:HE-DQ
6WROOH\.DUOHWDO0/$)RUPDWWLQJDQG6W\OH*XLGH7KH2:/DW3XUGXH0D\
3XUGXH8QLYHUVLW\:ULWLQJ/DE0D\
0XOWLSOHFLWDWLRQV
7RFLWHPXOWLSOHVRXUFHVLQWKHVDPHSDUHQWKHWLFDOUHIHUHQFHVHSDUDWHWKHFLWDWLRQVE\D
VHPLFRORQ
DVKDVEHHQGLVFXVVHGHOVHZKHUH%XUNH'HZH\
:KHQDFLWDWLRQLVQRWQHHGHG
&RPPRQVHQVHDQGHWKLFVVKRXOGGHWHUPLQH\RXUQHHGIRUGRFXPHQWLQJVRXUFHV<RXGR
QRWQHHGWRJLYHVRXUFHVIRUIDPLOLDUSURYHUEVZHOONQRZQTXRWDWLRQVRUFRPPRQ
NQRZOHGJH5HPHPEHUWKLVLVDUKHWRULFDOFKRLFHEDVHGRQDXGLHQFH,I\RX
UHZULWLQJIRU
DQH[SHUWDXGLHQFHRIDVFKRODUO\MRXUQDOIRUH[DPSOHWKH\
OOKDYHGLIIHUHQWH[SHFWDWLRQV
RIZKDWFRQVWLWXWHVFRPPRQNQRZOHGJH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$)RUPDWWLQJ4XRWDWLRQV
:KHQ\RXGLUHFWO\TXRWHWKHZRUNVRIRWKHUVLQ\RXUSDSHU\RXZLOOIRUPDWTXRWDWLRQV
GLIIHUHQWO\GHSHQGLQJRQWKHLUOHQJWK%HORZDUHVRPHEDVLFJXLGHOLQHVIRULQFRUSRUDWLQJ
TXRWDWLRQVLQWR\RXUSDSHU3OHDVHQRWHWKDWDOOSDJHVLQ0/$VKRXOGEHGRXEOHVSDFHG
6KRUWTXRWDWLRQV
7RLQGLFDWHVKRUWTXRWDWLRQVIHZHUWKDQIRXUW\SHGOLQHVRISURVHRUWKUHHOLQHVRIYHUVH
LQ\RXUWH[WHQFORVHWKHTXRWDWLRQZLWKLQGRXEOHTXRWDWLRQPDUNV3URYLGHWKHDXWKRUDQG
VSHFLILFSDJHFLWDWLRQLQWKHFDVHRIYHUVHSURYLGHOLQHQXPEHUVLQWKHWH[WDQGLQFOXGH
DFRPSOHWHUHIHUHQFHRQWKH:RUNV&LWHGSDJH3XQFWXDWLRQPDUNVVXFKDVSHULRGV
FRPPDVDQGVHPLFRORQVVKRXOGDSSHDUDIWHUWKHSDUHQWKHWLFDOFLWDWLRQ4XHVWLRQPDUNV
DQGH[FODPDWLRQSRLQWVVKRXOGDSSHDUZLWKLQWKHTXRWDWLRQPDUNVLIWKH\DUHDSDUWRIWKH
TXRWHGSDVVDJHEXWDIWHUWKHSDUHQWKHWLFDOFLWDWLRQLIWKH\DUHDSDUWRI\RXUWH[W
)RUH[DPSOHZKHQTXRWLQJVKRUWSDVVDJHVRISURVHXVHWKHIROORZLQJH[DPSOHV
$FFRUGLQJWRVRPHGUHDPVH[SUHVVSURIRXQGDVSHFWVRISHUVRQDOLW\)RXONHV
WKRXJKRWKHUVGLVDJUHH
$FFRUGLQJWR)RXONHV
VVWXG\GUHDPVPD\H[SUHVVSURIRXQGDVSHFWVRISHUVRQDOLW\
,VLWSRVVLEOHWKDWGUHDPVPD\H[SUHVVSURIRXQGDVSHFWVRISHUVRQDOLW\)RXONHV"
:KHQVKRUWIHZHUWKDQWKUHHOLQHVRIYHUVHTXRWDWLRQVIURPSRHWU\PDUNEUHDNVLQVKRUW
TXRWDWLRQVRIYHUVHZLWKDVODVKDWWKHHQGRIHDFKOLQHRIYHUVHDVSDFHVKRXOG
SUHFHGHDQGIROORZWKHVODVK
&XOOHQFRQFOXGHV2IDOOWKHWKLQJVWKDWKDSSHQHGWKHUH7KDW
VDOO,UHPHPEHU
/RQJTXRWDWLRQV
)RUTXRWDWLRQVWKDWDUHPRUHWKDQIRXUOLQHVRISURVHRUWKUHHOLQHVRIYHUVHSODFH
TXRWDWLRQVLQDIUHHVWDQGLQJEORFNRIWH[WDQGRPLWTXRWDWLRQPDUNV6WDUWWKHTXRWDWLRQ
RQDQHZOLQHZLWKWKHHQWLUHTXRWHLQGHQWHGRQHLQFKIURPWKHOHIWPDUJLQPDLQWDLQ
GRXEOHVSDFLQJ2QO\LQGHQWWKHILUVWOLQHRIWKHTXRWDWLRQE\DQDGGLWLRQDOTXDUWHULQFKLI
\RXDUHFLWLQJPXOWLSOHSDUDJUDSKV<RXUSDUHQWKHWLFDOFLWDWLRQVKRXOGFRPHDIWHUWKH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
FORVLQJSXQFWXDWLRQPDUN:KHQTXRWLQJYHUVHPDLQWDLQRULJLQDOOLQHEUHDNV<RX
VKRXOGPDLQWDLQGRXEOHVSDFLQJWKURXJKRXW\RXUHVVD\
)RUH[DPSOHZKHQFLWLQJPRUHWKDQIRXUOLQHVRISURVHXVHWKHIROORZLQJH[DPSOHV
1HOO\'HDQWUHDWV+HDWKFOLIISRRUO\DQGGHKXPDQL]HVKLPWKURXJKRXWKHUQDUUDWLRQ
7KH\HQWLUHO\UHIXVHGWRKDYHLWLQEHGZLWKWKHPRUHYHQLQWKHLUURRPDQG,KDGQR
PRUHVHQVHVR,SXWLWRQWKHODQGLQJRIWKHVWDLUVKRSLQJLWZRXOGEHJRQHRQWKH
PRUURZ%\FKDQFHRUHOVHDWWUDFWHGE\KHDULQJKLVYRLFHLWFUHSWWR0U(DUQVKDZ
V
GRRUDQGWKHUHKHIRXQGLWRQTXLWWLQJKLVFKDPEHU,QTXLULHVZHUHPDGHDVWRKRZLWJRW
WKHUH,ZDVREOLJHGWRFRQIHVVDQGLQUHFRPSHQVHIRUP\FRZDUGLFHDQGLQKXPDQLW\ZDV
VHQWRXWRIWKHKRXVH%URQWH
:KHQFLWLQJORQJVHFWLRQVPRUHWKDQWKUHHOLQHVRISRHWU\NHHSIRUPDWWLQJDVFORVHWR
WKHRULJLQDODVSRVVLEOH
,QKLVSRHP0\3DSD
V:DOW]7KHRGRUH5RHWKNHH[SORUHVKLVFKLOGKRRGZLWKKLVIDWKHU
7KHZKLVNH\RQ\RXUEUHDWK
&RXOGPDNHDVPDOOER\GL]]\
%XW,KXQJRQOLNHGHDWK
6XFKZDOW]LQJZDVQRWHDV\
:H5RPSHGXQWLOWKHSDQV
6OLGIURPWKHNLWFKHQVKHOI
0\PRWKHU
VFRXQWHQDQFH
&RXOGQRWXQIURZQLWVHOITXRWHGLQ6KURGHV)LQHVWRQH6KXJUXH
:KHQFLWLQJWZRRUPRUHSDUDJUDSKVXVHEORFNTXRWDWLRQIRUPDWHYHQLIWKHSDVVDJH
IURPWKHSDUDJUDSKVLVOHVVWKDQIRXUOLQHV,QGHQWWKHILUVWOLQHRIHDFKTXRWHGSDUDJUDSK
DQH[WUDTXDUWHULQFK
,Q$PHULFDQ2ULJLQVRIWKH:ULWLQJDFURVVWKH&XUULFXOXP0RYHPHQW'DYLG5XVVHOO
DUJXHV
:ULWLQJKDVEHHQDQLVVXHLQ$PHULFDQVHFRQGDU\DQGKLJKHUHGXFDWLRQ
VLQFHSDSHUVDQGH[DPLQDWLRQVFDPHLQWRZLGHXVHLQWKHVHYHQWXDOO\
GULYLQJRXWIRUPDOUHFLWDWLRQDQGRUDOH[DPLQDWLRQ
)URPLWVELUWKLQWKHODWHQLQHWHHQWKFHQWXU\SURJUHVVLYHHGXFDWLRQKDV
ZUHVWOHGZLWKWKHFRQIOLFWZLWKLQLQGXVWULDOVRFLHW\EHWZHHQSUHVVXUHWR
LQFUHDVHVSHFLDOL]DWLRQRINQRZOHGJHDQGRISURIHVVLRQDOZRUNXSKROGLQJ
GLVFLSOLQDU\VWDQGDUGVDQGSUHVVXUHWRLQWHJUDWHPRUHIXOO\DQHYHU
ZLGHUQLQJQXPEHURIFLWL]HQVLQWRLQWHOOHFWXDOO\PHDQLQJIXODFWLYLW\ZLWKLQ
PDVVVRFLHW\SURPRWLQJVRFLDOHTXLW\
$GGLQJRURPLWWLQJZRUGVLQTXRWDWLRQV
,I\RXDGGDZRUGRUZRUGVLQDTXRWDWLRQ\RXVKRXOGSXWEUDFNHWVDURXQGWKHZRUGVWR
LQGLFDWHWKDWWKH\DUHQRWSDUWRIWKHRULJLQDOWH[W
-DQ+DUROG%UXQYDQGLQDQHVVD\RQXUEDQOHJHQGVVWDWHVVRPHLQGLYLGXDOV>ZKRUHWHOO
XUEDQOHJHQGV@PDNHDSRLQWRIOHDUQLQJHYHU\UXPRURUWDOH
,I\RXRPLWDZRUGRUZRUGVIURPDTXRWDWLRQ\RXVKRXOGLQGLFDWHWKHGHOHWHGZRUGRU
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
ZRUGVE\XVLQJHOOLSVLVPDUNVZKLFKDUHWKUHHSHULRGVSUHFHGHGDQGIROORZHGE\D
VSDFH)RUH[DPSOH
,QDQHVVD\RQXUEDQOHJHQGV-DQ+DUROG%UXQYDQGQRWHVWKDWVRPHLQGLYLGXDOVPDNHD
SRLQWRIOHDUQLQJHYHU\UHFHQWUXPRURUWDOHDQGLQDVKRUWWLPHDOLYHO\H[FKDQJHRI
GHWDLOVRFFXUV
3OHDVHQRWHWKDWEUDFNHWVDUHQRWQHHGHGDURXQGHOOLSVHVXQOHVVDGGLQJEUDFNHWVZRXOG
FODULI\\RXUXVHRIHOOLSVHV
:KHQRPLWWLQJZRUGVIURPSRHWU\TXRWDWLRQVXVHDVWDQGDUGWKUHHSHULRGHOOLSVHV
KRZHYHUZKHQRPLWWLQJRQHRUPRUHIXOOOLQHVRISRHWU\VSDFHVHYHUDOSHULRGVWRDERXW
WKHOHQJWKRIDFRPSOHWHOLQHLQWKHSRHP
7KHVHEHDXWHRXVIRUPV
7KURXJKDORQJDEVHQFHKDYHQRWEHHQWRPH
$VLVDODQGVFDSHWRDEOLQGPDQ
VH\H
)HOWLQWKHEORRGDQGIHOWDORQJWKHKHDUW
$QGSDVVLQJHYHQLQWRP\SXUHUPLQG
:LWKWUDQTXLOUHVWRUDWLRQ
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$(QGQRWHVDQG)RRWQRWHV
%HFDXVHORQJH[SODQDWRU\QRWHVFDQEHGLVWUDFWLQJWRUHDGHUVPRVWDFDGHPLFVW\OH
JXLGHOLQHVLQFOXGLQJ0/$DQG$3$WKH$PHULFDQ3V\FKRORJLFDO$VVRFLDWLRQ
UHFRPPHQGOLPLWHGXVHRIHQGQRWHVIRRWQRWHVKRZHYHUFHUWDLQSXEOLVKHUVHQFRXUDJHRU
UHTXLUHQRWHUHIHUHQFHVLQOLHXRISDUHQWKHWLFDOUHIHUHQFHV
0/$GLVFRXUDJHVH[WHQVLYHXVHRIH[SODQDWRU\RUGLJUHVVLYHQRWHV0/$VW\OHGRHV
KRZHYHUDOORZ\RXWRXVHHQGQRWHVRUIRRWQRWHVIRUELEOLRJUDSKLFQRWHVZKLFKUHIHUWR
RWKHUSXEOLFDWLRQV\RXUUHDGHUVPD\FRQVXOW7KHIROORZLQJDUHVRPHH[DPSOHV
6HH%ODFNPXUHVSHFLDOO\FKDSWHUVDQGIRUDQLQVLJKWIXODQDO\VLVRIWKLVWUHQG
2QWKHSUREOHPVUHODWHGWRUHSUHVVHGPHPRU\UHFRYHU\VHH:ROOHQVIRUD
FRQWUDVWLQJYLHZVHH3\OH-RKQVRQ+XOO6Q\GHU.ULHJ
6HYHUDORWKHUVWXGLHVSRLQWWRWKLVVDPHFRQFOXVLRQ6HH-RKQVRQDQG+XOO
.DWKHU.ULHJ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
2U\RXFDQDOVRXVHHQGQRWHVIRRWQRWHVIRURFFDVLRQDOH[SODQDWRU\QRWHVDOVRNQRZQDV
FRQWHQWQRWHVZKLFKUHIHUVWREULHIDGGLWLRQDOLQIRUPDWLRQWKDWPLJKWEHWRRGLJUHVVLYH
IRUWKHPDLQWH[W
,QDLQWHUYLHZVKHUHLWHUDWHGWKLVSRLQWHYHQPRUHVWURQJO\,DPDQDUWLVWQRW
DSROLWLFLDQ:HOOHU
1XPEHULQJHQGQRWHVDQGIRRWQRWHVLQWKHGRFXPHQWERG\
(QGQRWHVDQGIRRWQRWHVLQ0/$IRUPDWDUHLQGLFDWHGLQWH[WE\VXSHUVFULSWDUDELF
QXPEHUVDIWHUWKHSXQFWXDWLRQRIWKHSKUDVHRUFODXVHWRZKLFKWKHQRWHUHIHUV
6RPHKDYHDUJXHGWKDWVXFKDQLQYHVWLJDWLRQZRXOGEHIUXLWOHVV
6FKRODUVKDYHDUJXHGIRU\HDUVWKDWWKLVFODLPKDVQREDVLVVRZHZRXOGGRZHOOWR
LJQRUHLW
1RWHWKDWZKHQDORQJGDVKDSSHDUVLQWKHWH[WWKHIRRWQRWHHQGQRWHQXPEHUDSSHDUV
EHIRUHWKHGDVK
)RU\HDUVVFKRODUVKDYHIDLOHGWRDGGUHVVWKLVSRLQW²DIDFWWKDWVXJJHVWVWKHLUFRZDUGLFH
PRUHWKDQWKHLUFDUHOHVVQHVV
'RQRWXVHDVWHULVNVDQJOHEUDFNHWV!RURWKHUV\PEROVIRUQRWHUHIHUHQFHV7KHOLVW
RIHQGQRWHVDQGIRRWQRWHVHLWKHURIZKLFKIRUSDSHUVVXEPLWWHGIRUSXEOLFDWLRQVKRXOG
EHOLVWHGRQDVHSDUDWHSDJHDVLQGLFDWHGEHORZVKRXOGFRUUHVSRQGWRWKHQRWHUHIHUHQFHV
LQWKHWH[W
)RUPDWWLQJHQGQRWHVDQGIRRWQRWHV
(QGQRWHV3DJH
0/$UHFRPPHQGVWKDWDOOQRWHVEHOLVWHGRQDVHSDUDWHSDJHHQWLWOHG1RWHVFHQWHUHGQR
IRUPDWWLQJ8VH1RWHLIWKHUHLVRQO\RQHQRWH7KH1RWHVSDJHVKRXOGDSSHDUEHIRUHWKH
:RUNV&LWHGSDJH7KLVLVHVSHFLDOO\LPSRUWDQWIRUSDSHUVEHLQJVXEPLWWHGIRU
SXEOLFDWLRQ
7KHQRWHVWKHPVHOYHVVKRXOGEHOLVWHGE\FRQVHFXWLYHDUDELFQXPEHUVWKDWFRUUHVSRQGWR
WKHQRWDWLRQLQWKHWH[W1RWHVDUHGRXEOHVSDFHG7KHILUVWOLQHRIHDFKHQGQRWHLV
LQGHQWHGILYHVSDFHVVXEVHTXHQWOLQHVDUHIOXVKZLWKWKHOHIWPDUJLQ3ODFHDSHULRGDQGD
VSDFHDIWHUHDFKHQGQRWHQXPEHU3URYLGHWKHDSSURSULDWHQRWHDIWHUWKHVSDFH
)RRWQRWHVEHORZWKHWH[WERG\
3OHDVHQRWHWKDWWKHWKHGLWLRQRIWKH0/$+DQGERRNGRHVQRWVSHFLI\H[SOLFLWO\KRZWR
IXOO\IRUPDWIRRWQRWHVDWOHDVWQRWZKHQFRPSDUHGWRWKHSUHVFULSWLRQVLQWKHWK
HGLWLRQ&RQVXOW\RXULQVWUXFWRUWRVHHZKDWKLVRUKHUSUHIHUHQFHLVZKHQIRUPDWWLQJ
IRRWQRWHVLQ0/$VW\OH
7KHIROORZLQJFRPHVIURPWKHWKDQGWKHGLWLRQV7KHWKHGLWLRQRIWKH0/$+DQGERRN
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
FRQWDLQVLQIRUPDWLRQRQKRZWRIRUPDWIRRWQRWHVKRZHYHU%HJLQIRRWQRWHVIRXUOLQHV
WZRGRXEOHVSDFHGOLQHVEHORZWKHPDLQWH[W)RRWQRWHVDUHVLQJOHVSDFHZLWKDILUVWOLQH
LQGHQW7KHILUVWOLQHRIHDFKIRRWQRWHLVLQGHQWHGILYHVSDFHVVXEVHTXHQWOLQHVDUHIOXVK
ZLWKWKHOHIWPDUJLQ%HVXUHWRGRXEOHVSDFHEHWZHHQQRWHV3ODFHDSHULRGDQGDVSDFH
DIWHUHDFKIRRWQRWHQXPEHU3URYLGHWKHDSSURSULDWHQRWHDIWHUWKHVSDFH
)RUPRUHLQIRUPDWLRQRQXVLQJHQGQRWHVDQGIRRWQRWHVFRQVXOW³8VLQJ1RWHVZLWK
3DUHQWKHWLFDO'RFXPHQWDWLRQ´LQWKH0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWK
HGVHFRUWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUG
HGVHF
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$:RUNV&LWHG3DJH%DVLF)RUPDW
$FFRUGLQJWR0/$VW\OH\RXPXVWKDYHD:RUNV&LWHGSDJHDWWKHHQGRI\RXUUHVHDUFK
SDSHU$OOHQWULHVLQWKH:RUNV&LWHGSDJHPXVWFRUUHVSRQGWRWKHZRUNVFLWHGLQ\RXU
PDLQWH[W
%DVLFUXOHV
%HJLQ\RXU:RUNV&LWHGSDJHRQDVHSDUDWHSDJHDWWKHHQGRI\RXUUHVHDUFKSDSHU
,WVKRXOGKDYHWKHVDPHRQHLQFKPDUJLQVDQGODVWQDPHSDJHQXPEHUKHDGHUDVWKH
UHVWRI\RXUSDSHU
/DEHOWKHSDJH:RUNV&LWHGGRQRWLWDOLFL]HWKHZRUGV:RUNV&LWHGRUSXWWKHPLQ
TXRWDWLRQPDUNVDQGFHQWHUWKHZRUGV:RUNV&LWHGDWWKHWRSRIWKHSDJH
'RXEOHVSDFHDOOFLWDWLRQVEXWGRQRWVNLSVSDFHVEHWZHHQHQWULHV
,QGHQWWKHVHFRQGDQGVXEVHTXHQWOLQHVRIFLWDWLRQVE\LQFKHVWRFUHDWHD
KDQJLQJLQGHQW
/LVWSDJHQXPEHUVRIVRXUFHVHIILFLHQWO\ZKHQQHHGHG,I\RXUHIHUWRDMRXUQDO
DUWLFOHWKDWDSSHDUHGRQSDJHVWKURXJKOLVWWKHSDJHQXPEHUVRQ\RXU
:RUNV&LWHGSDJHDV1RWHWKDW0/$VW\OHXVHVDK\SKHQLQDVSDQRI
SDJHV
$GGLWLRQDOEDVLFUXOHVQHZWR0/$
1HZWR0/$
)RUHYHU\HQWU\\RXPXVWGHWHUPLQHWKH0HGLXPRI3XEOLFDWLRQ0RVWHQWULHVZLOO
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
OLNHO\EHOLVWHGDV3ULQWRU:HEVRXUFHVEXWRWKHUSRVVLELOLWLHVPD\LQFOXGH)LOP
&'520RU'9'
:ULWHUVDUHQRORQJHUUHTXLUHGWRSURYLGH85/VIRU:HEHQWULHV+RZHYHULI\RXU
LQVWUXFWRURUSXEOLVKHULQVLVWVRQWKHPLQFOXGHWKHPLQDQJOHEUDFNHWVDIWHUWKH
HQWU\DQGHQGZLWKDSHULRG)RUORQJ85/VEUHDNOLQHVRQO\DWVODVKHV
,I\RX
UHFLWLQJDQDUWLFOHRUDSXEOLFDWLRQWKDWZDVRULJLQDOO\LVVXHGLQSULQWIRUP
EXWWKDW\RXUHWULHYHGIURPDQRQOLQHGDWDEDVH\RXVKRXOGW\SHWKHRQOLQHGDWDEDVH
QDPHLQLWDOLFV<RXGRQRWQHHGWRSURYLGHVXEVFULSWLRQLQIRUPDWLRQLQDGGLWLRQWR
WKHGDWDEDVHQDPH
&DSLWDOL]DWLRQDQGSXQFWXDWLRQ
&DSLWDOL]HHDFKZRUGLQWKHWLWOHVRIDUWLFOHVERRNVHWFEXWGRQRWFDSLWDOL]H
DUWLFOHVWKHDQSUHSRVLWLRQVRUFRQMXQFWLRQVXQOHVVRQHLVWKHILUVWZRUGRIWKH
WLWOHRUVXEWLWOH*RQHZLWKWKH:LQG7KH$UWRI:DU7KHUH,V1RWKLQJ/HIWWR/RVH
1HZWR0/$8VHLWDOLFVLQVWHDGRIXQGHUOLQLQJIRUWLWOHVRIODUJHUZRUNV
ERRNVPDJD]LQHVDQGTXRWDWLRQPDUNVIRUWLWOHVRIVKRUWHUZRUNVSRHPVDUWLFOHV
/LVWLQJDXWKRUQDPHV
(QWULHVDUHOLVWHGDOSKDEHWLFDOO\E\WKHDXWKRU
VODVWQDPHRUIRUHQWLUHHGLWHGFROOHFWLRQV
HGLWRUQDPHV$XWKRUQDPHVDUHZULWWHQODVWQDPHILUVWPLGGOHQDPHVRUPLGGOHLQLWLDOV
IROORZWKHILUVWQDPH
%XUNH.HQQHWK
/HY\'DYLG0
:DOODFH'DYLG)RVWHU
'RQRWOLVWWLWOHV'U6LU6DLQWHWFRUGHJUHHV3K'0$''6HWFZLWKQDPHV$
ERRNOLVWLQJDQDXWKRUQDPHG-RKQ%LJEUDLQ3K'DSSHDUVVLPSO\DV%LJEUDLQ-RKQ
GRKRZHYHULQFOXGHVXIIL[HVOLNH-URU,,3XWWLQJLWDOOWRJHWKHUDZRUNE\'U
0DUWLQ/XWKHU.LQJ-UZRXOGEHFLWHGDV.LQJ0DUWLQ/XWKHU-U+HUHWKHVXIIL[
IROORZLQJWKHILUVWRUPLGGOHQDPHDQGDFRPPD
0RUHWKDQRQHZRUNE\DQDXWKRU
,I\RXKDYHFLWHGPRUHWKDQRQHZRUNE\DSDUWLFXODUDXWKRURUGHUWKHHQWULHV
DOSKDEHWLFDOO\E\WLWOHDQGXVHWKUHHK\SKHQVLQSODFHRIWKHDXWKRU
VQDPHIRUHYHU\HQWU\
DIWHUWKHILUVW
%XUNH.HQQHWK$*UDPPDURI0RWLYHV>@
$5KHWRULFRI0RWLYHV>@
:KHQDQDXWKRURUFROOHFWLRQHGLWRUDSSHDUVERWKDVWKHVROHDXWKRURIDWH[WDQGDVWKH
ILUVWDXWKRURIDJURXSOLVWVRORDXWKRUHQWULHVILUVW
+HOOHU6WHYHQHG7KH(GXFDWLRQRIDQ('HVLJQHU
+HOOHU6WHYHQDQG.DUHQ3RPHUR\'HVLJQ/LWHUDF\8QGHUVWDQGLQJ*UDSKLF'HVLJQ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
:RUNZLWKQRNQRZQDXWKRU
$OSKDEHWL]HZRUNVZLWKQRNQRZQDXWKRUE\WKHLUWLWOHXVHDVKRUWHQHGYHUVLRQRIWKHWLWOH
LQWKHSDUHQWKHWLFDOFLWDWLRQVLQ\RXUSDSHU,QWKLVFDVH%RULQJ3RVWFDUGV86$KDVQR
NQRZQDXWKRU
%DXGULOODUG-HDQ6LPXODFUDDQG6LPXODWLRQV>@
%RULQJ3RVWFDUGV86$>@
%XUNH.HQQHWK$5KHWRULFRI0RWLYHV>@
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$:RUNV&LWHG3DJH%RRNV
:KHQ\RXDUHJDWKHULQJERRNVRXUFHVEHVXUHWRPDNHQRWHRIWKHIROORZLQJ
ELEOLRJUDSKLFLWHPVDXWKRUQDPHVERRNWLWOHSXEOLFDWLRQGDWHSXEOLVKHUSODFHRI
SXEOLFDWLRQ7KHPHGLXPRISXEOLFDWLRQIRUDOO³KDUGFRS\´ERRNVLV3ULQW
)RUPRUHLQIRUPDWLRQFRQVXOW³&LWLQJ1RQSHULRGLFDO3ULQW3XEOLFDWLRQV´LQWKH0/$
+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGLWLRQVHFRUWKH0/$
6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUGHGLWLRQVHF
%DVLF)RUPDW
7KHDXWKRU¶VQDPHRUDERRNZLWKDVLQJOHDXWKRU
VQDPHDSSHDUVLQODVWQDPHILUVWQDPH
IRUPDW7KHEDVLFIRUPIRUDERRNFLWDWLRQLV
/DVWQDPH)LUVWQDPH7LWOHRI%RRN&LW\RI3XEOLFDWLRQ3XEOLVKHU<HDURI3XEOLFDWLRQ
0HGLXPRI3XEOLFDWLRQ
%RRNZLWK2QH$XWKRU
*OHLFN-DPHV&KDRV0DNLQJD1HZ6FLHQFH1HZ<RUN3HQJXLQ3ULQW
+HQOH\3DWULFLD7KH+XPPLQJELUG+RXVH'HQYHU0DF0XUUD\3ULQW
%RRNZLWK0RUH7KDQ2QH$XWKRU
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
7KHILUVWJLYHQQDPHDSSHDUVLQODVWQDPHILUVWQDPHIRUPDWVXEVHTXHQWDXWKRUQDPHV
DSSHDULQILUVWQDPHODVWQDPHIRUPDW
*LOOHVSLH3DXODDQG1HDO/HUQHU7KH$OO\QDQG%DFRQ*XLGHWR3HHU7XWRULQJ%RVWRQ
$OO\Q3ULQW
,IWKHUHDUHPRUHWKDQWKUHHDXWKRUV\RXPD\FKRRVHWROLVWRQO\WKHILUVWDXWKRUIROORZHG
E\WKHSKUDVHHWDO/DWLQIRUDQGRWKHUVLQSODFHRIWKHVXEVHTXHQWDXWKRUV
QDPHVRU
\RXPD\OLVWDOOWKHDXWKRUVLQWKHRUGHULQZKLFKWKHLUQDPHVDSSHDURQWKHWLWOHSDJH
1RWHWKDWWKHUHLVDSHULRGDIWHU³DO´LQ³HWDO´$OVRQRWHWKDWWKHUHLVQHYHUDSHULRGDIWHU
WKH³HW´LQ³HWDO´
:\VRFNL$QQH)UDQFHVHWDO:ULWLQJ1HZ0HGLD7KHRU\DQG$SSOLFDWLRQVIRU
([SDQGLQJWKH7HDFKLQJRI&RPSRVLWLRQ/RJDQ8WDK6WDWH833ULQW
RU
:\VRFNL$QQH)UDQFHV-RKQGDQ-RKQVRQ(LOROD&\QWKLD/6HOIHDQG*HRIIUH\6LUF
:ULWLQJ1HZ0HGLD7KHRU\DQG$SSOLFDWLRQVIRU([SDQGLQJWKH7HDFKLQJRI
&RPSRVLWLRQ/RJDQ8WDK6WDWH833ULQW
7ZRRU0RUH%RRNVE\WKH6DPH$XWKRU
/LVWZRUNVDOSKDEHWLFDOO\E\WLWOH5HPHPEHUWRLJQRUHDUWLFOHVOLNH$$QDQG7KH
3URYLGHWKHDXWKRU¶VQDPHLQODVWQDPHILUVWQDPHIRUPDWIRUWKHILUVWHQWU\RQO\)RUHDFK
VXEVHTXHQWHQWU\E\WKHVDPHDXWKRUXVHWKUHHK\SKHQVDQGDSHULRG
3DOPHU:LOOLDP-'LFNHQVDQG1HZ+LVWRULFLVP1HZ<RUN6W0DUWLQ
V3ULQW
7KH)LOPVRIWKH(LJKWLHV$6RFLDO+LVWRU\&DUERQGDOH6RXWKHUQ,OOLQRLV83
3ULQW
%RRNE\D&RUSRUDWH$XWKRURU2UJDQL]DWLRQ
$FRUSRUDWHDXWKRUPD\LQFOXGHDFRPPLVVLRQDFRPPLWWHHRUDJURXSWKDWGRHVQRW
LGHQWLI\LQGLYLGXDOPHPEHUVRQWKHWLWOHSDJH/LVWWKHQDPHVRIFRUSRUDWHDXWKRUVLQWKH
SODFHZKHUHDQDXWKRU¶VQDPHW\SLFDOO\DSSHDUVDWWKHEHJLQQLQJRIWKHHQWU\
$PHULFDQ$OOHUJ\$VVRFLDWLRQ$OOHUJLHVLQ&KLOGUHQ1HZ<RUN5DQGRP3ULQW
%RRNZLWK1R$XWKRU
/LVWE\WLWOHRIWKHERRN,QFRUSRUDWHWKHVHHQWULHVDOSKDEHWLFDOO\MXVWDV\RXZRXOGZLWK
ZRUNVWKDWLQFOXGHDQDXWKRUQDPH)RUH[DPSOHWKHIROORZLQJHQWU\PLJKWDSSHDU
EHWZHHQHQWULHVRIZRUNVZULWWHQE\'HDQ6KDXQDQG)RUV\WKH-RQDWKDQ
(QF\FORSHGLDRI,QGLDQD1HZ<RUN6RPHUVHW3ULQW
5HPHPEHUWKDWIRUDQLQWH[WSDUHQWKHWLFDOFLWDWLRQRIDERRNZLWKQRDXWKRUSURYLGHWKH
QDPHRIWKHZRUNLQWKHVLJQDOSKUDVHDQGWKHSDJHQXPEHULQSDUHQWKHVHV<RXPD\DOVR
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
XVHDVKRUWHQHGYHUVLRQRIWKHWLWOHRIWKHERRNDFFRPSDQLHGE\WKHSDJHQXPEHU)RU
PRUHLQIRUPDWLRQVHH,QWH[W&LWDWLRQVIRU3ULQW6RXUFHVZLWK1R.QRZQ$XWKRUVHFWLRQ
RI,QWH[W&LWDWLRQV7KH%DVLFVZKLFK\RXFDQOLQNWRDWWKHERWWRPRIWKLVSDJH
$7UDQVODWHG%RRN
&LWHDV\RXZRXOGDQ\RWKHUERRN$GG7UDQV²WKHDEEUHYLDWLRQIRUWUDQVODWHGE\²DQG
IROORZZLWKWKHQDPHVRIWKHWUDQVODWRUV
)RXFDXOW0LFKHO0DGQHVVDQG&LYLOL]DWLRQ$+LVWRU\RI,QVDQLW\LQWKH$JHRI5HDVRQ
7UDQV5LFKDUG+RZDUG1HZ<RUN9LQWDJH5DQGRP+RXVH3ULQW
5HSXEOLVKHG%RRN
%RRNVPD\EHUHSXEOLVKHGGXHWRSRSXODULW\ZLWKRXWEHFRPLQJDQHZHGLWLRQ1HZ
HGLWLRQVDUHW\SLFDOO\UHYLVLRQVRIWKHRULJLQDOZRUN)RUERRNVWKDWRULJLQDOO\DSSHDUHGDW
DQHDUOLHUGDWHDQGWKDWKDYHEHHQUHSXEOLVKHGDWDODWHURQHLQVHUWWKHRULJLQDOSXEOLFDWLRQ
GDWHEHIRUHWKHSXEOLFDWLRQLQIRUPDWLRQ)RUERRNVWKDWDUHQHZHGLWLRQVLHGLIIHUHQW
IURPWKHILUVWRURWKHUHGLWLRQVRIWKHERRNVHH$Q(GLWLRQRID%RRNEHORZ
%XWOHU-XGLWK*HQGHU7URXEOH1HZ<RUN5RXWOHGJH3ULQW
(UGULFK/RXLVH/RYH0HGLFLQH1HZ<RUN3HUHQQLDO+DUSHU3ULQW
$Q(GLWLRQRID%RRN
7KHUHDUHWZRW\SHVRIHGLWLRQVLQERRNSXEOLVKLQJDERRNWKDWKDVEHHQSXEOLVKHGPRUH
WKDQRQFHLQGLIIHUHQWHGLWLRQVDQGDERRNWKDWLVSUHSDUHGE\VRPHRQHRWKHUWKDQWKH
DXWKRUW\SLFDOO\DQHGLWRU
$6XEVHTXHQW(GLWLRQ
&LWHWKHERRNDV\RXQRUPDOO\ZRXOGEXWDGGWKHQXPEHURIWKHHGLWLRQDIWHUWKHWLWOH
&URZOH\6KDURQDQG'HEUD+DZKHH$QFLHQW5KHWRULFVIRU&RQWHPSRUDU\6WXGHQWVUG
HG1HZ<RUN3HDUVRQ/RQJPDQ3ULQW
$:RUN3UHSDUHGE\DQ(GLWRU
&LWHWKHERRNDV\RXQRUPDOO\ZRXOGEXWDGGWKHHGLWRUDIWHUWKHWLWOH
%URQWH&KDUORWWH-DQH(\UH(G0DUJDUHW6PLWK2[IRUG2[IRUG833ULQW
$QWKRORJ\RU&ROOHFWLRQHJ&ROOHFWLRQRI(VVD\V
7RFLWHWKHHQWLUHDQWKRORJ\RUFROOHFWLRQOLVWE\HGLWRUVIROORZHGE\DFRPPDDQGHG
RUIRUPXOWLSOHHGLWRUVHGVIRUHGLWHGE\7KLVVRUWRIHQWU\LVVRPHZKDWUDUH,I\RX
DUHFLWLQJDSDUWLFXODUSLHFHZLWKLQDQDQWKRORJ\RUFROOHFWLRQPRUHFRPPRQVHH$
:RUNLQDQ$QWKRORJ\5HIHUHQFHRU&ROOHFWLRQEHORZ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
+LOO&KDUOHV$DQG0DUJXHULWH+HOPHUVHGV'HILQLQJ9LVXDO5KHWRULFV0DKZDK
/DZUHQFH(UOEDXP$VVRFLDWHV3ULQW
3HWHUVRQ1DQF\-HG7RQL0RUULVRQ&ULWLFDODQG7KHRUHWLFDO$SSURDFKHV%DOWLPRUH
-RKQV+RSNLQV833ULQW
$:RUNLQDQ$QWKRORJ\5HIHUHQFHRU&ROOHFWLRQ
:RUNVPD\LQFOXGHDQHVVD\LQDQHGLWHGFROOHFWLRQRUDQWKRORJ\RUDFKDSWHURIDERRN
7KHEDVLFIRUPLVIRUWKLVVRUWRIFLWDWLRQLVDVIROORZV
/DVWQDPH)LUVWQDPH7LWOHRI(VVD\7LWOHRI&ROOHFWLRQ(G(GLWRU
V1DPHV&LW\RI
3XEOLFDWLRQ3XEOLVKHU<HDU3DJHUDQJHRIHQWU\0HGLXPRI3XEOLFDWLRQ
6RPHH[DPSOHV
+DUULV0XULHO7DONWR0H(QJDJLQJ5HOXFWDQW:ULWHUV$7XWRU
V*XLGH+HOSLQJ
:ULWHUV2QHWR2QH(G%HQ5DIRWK3RUWVPRXWK+HLQHPDQQ3ULQW
6ZDQVRQ*XQQDU*UDSKLF'HVLJQ(GXFDWLRQDVD/LEHUDO$UW'HVLJQDQG.QRZOHGJHLQ
WKH8QLYHUVLW\DQG7KH
5HDO:RUOG
7KH(GXFDWLRQRID*UDSKLF'HVLJQHU(G
6WHYHQ+HOOHU1HZ<RUN$OOZRUWK3UHVV3ULQW
1RWHRQ&URVVUHIHUHQFLQJ6HYHUDO,WHPVIURP2QH$QWKRORJ\,I\RXFLWHPRUHWKDQRQH
HVVD\IURPWKHVDPHHGLWHGFROOHFWLRQ0/$LQGLFDWHV\RXPD\FURVVUHIHUHQFHZLWKLQ
\RXUZRUNVFLWHGOLVWLQRUGHUWRDYRLGZULWLQJRXWWKHSXEOLVKLQJLQIRUPDWLRQIRUHDFK
VHSDUDWHHVVD\<RXVKRXOGFRQVLGHUWKLVRSWLRQLI\RXKDYHVHYHUDOUHIHUHQFHVIURPD
VLQJOHWH[W7RGRVRLQFOXGHDVHSDUDWHHQWU\IRUWKHHQWLUHFROOHFWLRQOLVWHGE\WKHHGLWRU
V
QDPHDVEHORZ
5RVH6KLUOH\.DQG,UZLQ:HLVHUHGV7KH:ULWLQJ3URJUDP$GPLQLVWUDWRUDV
5HVHDUFKHU3RUWVPRXWK+HLQHPDQQ3ULQW
7KHQIRUHDFKLQGLYLGXDOHVVD\IURPWKHFROOHFWLRQOLVWWKHDXWKRU
VQDPHLQODVWQDPH
ILUVWQDPHIRUPDWWKHWLWOHRIWKHHVVD\WKHHGLWRU
VODVWQDPHDQGWKHSDJHUDQJH
/
(SODWWHQLHU%DUEDUD)LQGLQJ2XUVHOYHVLQWKH3DVW$Q$UJXPHQWIRU+LVWRULFDO:RUN
RQ:3$V5RVHDQG:HLVHU
3HHSOHV7LP
6HHLQJ
WKH:3$:LWK7KURXJK3RVWPRGHUQ0DSSLQJ5RVHDQG:HLVHU
3OHDVHQRWH:KHQFURVVUHIHUHQFLQJLWHPVLQWKHZRUNVFLWHGOLVWDOSKDEHWLFDORUGHU
VKRXOGEHPDLQWDLQHGIRUWKHHQWLUHOLVW
3RHPRU6KRUW6WRU\([DPSOHV
%XUQV5REHUW5HG5HG5RVH%HVW/RYHG3RHPV(G3KLOLS6PLWK1HZ<RUN
'RYHU3ULQW
.LQFDLG-DPDLFD*LUO7KH9LQWDJH%RRNRI&RQWHPSRUDU\$PHULFDQ6KRUW6WRULHV(G
7RELDV:ROII1HZ<RUN9LQWDJH3ULQW
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
,IWKHVSHFLILFOLWHUDU\ZRUNLVSDUWRIWKHDXWKRU
VRZQFROOHFWLRQDOORIWKHZRUNVKDYH
WKHVDPHDXWKRUWKHQWKHUHZLOOEHQRHGLWRUWRUHIHUHQFH
:KLWPDQ:DOW,6LQJWKH%RG\(OHFWULF6HOHFWHG3RHPV1HZ<RUN'RYHU
3ULQW
&DUWHU$QJHOD7KH7LJHU
V%ULGH%XUQLQJ<RXU%RDWV7KH&ROOHFWHG6WRULHV1HZ
<RUN3HQJXLQ3ULQW
$UWLFOHLQD5HIHUHQFH%RRNHJ(QF\FORSHGLDV'LFWLRQDULHV
)RUHQWULHVLQHQF\FORSHGLDVGLFWLRQDULHVDQGRWKHUUHIHUHQFHZRUNVFLWHWKHSLHFHDV\RX
ZRXOGDQ\RWKHUZRUNLQDFROOHFWLRQEXWGRQRWLQFOXGHWKHSXEOLVKHULQIRUPDWLRQ$OVR
LIWKHUHIHUHQFHERRNLVRUJDQL]HGDOSKDEHWLFDOO\DVPRVWDUHGRQRWOLVWWKHYROXPHRUWKH
SDJHQXPEHURIWKHDUWLFOHRULWHP
,GHRORJ\7KH$PHULFDQ+HULWDJH'LFWLRQDU\UGHG3ULQW
$0XOWLYROXPH:RUN
:KHQFLWLQJRQO\RQHYROXPHRIDPXOWLYROXPHZRUNLQFOXGHWKHYROXPHQXPEHUDIWHU
WKHZRUN
VWLWOHRUDIWHUWKHZRUN
VHGLWRURUWUDQVODWRU
4XLQWLOLDQ,QVWLWXWLR2UDWRULD7UDQV+(%XWOHU9RO&DPEULGJH/RHE+DUYDUG83
3ULQW
:KHQFLWLQJPRUHWKDQRQHYROXPHRIDPXOWLYROXPHZRUNFLWHWKHWRWDOQXPEHURI
YROXPHVLQWKHZRUN$OVREHVXUHLQ\RXULQWH[WFLWDWLRQWRSURYLGHERWKWKHYROXPH
QXPEHUDQGSDJHQXPEHUV6HH&LWLQJ0XOWLYROXPH:RUNVRQWKH,Q7H[W&LWDWLRQV±
7KH%DVLFVSDJHZKLFK\RXFDQDFFHVVE\IROORZLQJWKHDSSURSULDWHOLQNDWWKHERWWRPRI
WKLVSDJH
4XLQWLOLDQ,QVWLWXWLR2UDWRULD7UDQV+(%XWOHUYROV&DPEULGJH/RHE+DUYDUG83
3ULQW
,IWKHYROXPH\RXDUHXVLQJKDVLWVRZQWLWOHFLWHWKHERRNZLWKRXWUHIHUULQJWRWKHRWKHU
YROXPHVDVLILWZHUHDQLQGHSHQGHQWSXEOLFDWLRQ
&KXUFKLOO:LQVWRQ67KH$JHRI5HYROXWLRQ1HZ<RUN'RGG3ULQW
$Q,QWURGXFWLRQ3UHIDFH)RUHZRUGRU$IWHUZRUG
:KHQFLWLQJDQLQWURGXFWLRQDSUHIDFHDIRUHZRUGRUDQDIWHUZRUGZULWHWKHQDPHRIWKH
DXWKRUVRIWKHSLHFH\RXDUHFLWLQJ7KHQJLYHWKHQDPHRIWKHSDUWEHLQJFLWHGZKLFK
VKRXOGQRWEHLWDOLFL]HGRUHQFORVHGLQTXRWDWLRQPDUNVLQLWDOLFVSURYLGHWKHQDPHRIWKH
ZRUNDQGWKHQDPHRIWKHDXWKRURIWKHLQWURGXFWLRQSUHIDFHIRUZDUGDIWHUZDUG)LQLVKWKH
FLWDWLRQZLWKWKHGHWDLOVRISXEOLFDWLRQSDJHUDQJHDQGLWHPW\SHHJSULQWZHEHWF
)DUUHOO7KRPDV%,QWURGXFWLRQ1RUPVRI5KHWRULFDO&XOWXUH%\)DUUHOO1HZ+DYHQ
<DOH833ULQW
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
,IWKHZULWHURIWKHSLHFHLVGLIIHUHQWIURPWKHDXWKRURIWKHFRPSOHWHZRUNWKHQZULWHWKH
IXOOQDPHRIWKHSULQFLSDOZRUN
VDXWKRUDIWHUWKHZRUG%\)RUH[DPSOHLI\RXZHUHWR
FLWH+XJK'DO]LHO'XQFDQ¶VLQWURGXFWLRQRI.HQQHWK%XUNH¶VERRN3HUPDQHQFHDQG
&KDQJH\RXZRXOGZULWHWKHHQWU\DVIROORZV
'XQFDQ+XJK'DO]LHO,QWURGXFWLRQ3HUPDQHQFHDQG&KDQJH$Q$QDWRP\RI3XUSRVH
%\.HQQHWK%XUNHUGHG%HUNHOH\8RI&DOLIRUQLD3[LLL[OLY
3ULQW
2WKHU3ULQW%RRN6RXUFHV
&HUWDLQERRNVRXUFHVDUHKDQGOHGLQDVSHFLDOZD\E\0/$VW\OH
7KH%LEOH
*LYHWKHQDPHRIWKHVSHFLILFHGLWLRQ\RXDUHXVLQJDQ\HGLWRUVDVVRFLDWHGZLWKLW
IROORZHGE\WKHSXEOLFDWLRQLQIRUPDWLRQ5HPHPEHUWKDW\RXULQWH[WSDUHQWKHWLFDO
FLWDWLRQVKRXOGLQFOXGHWKHQDPHRIWKHVSHFLILFHGLWLRQRIWKH%LEOHIROORZHGE\DQ
DEEUHYLDWLRQRIWKHERRNWKHFKDSWHUDQGYHUVHV6HH&LWLQJWKH%LEOHRQ,Q7H[W
&LWDWLRQV7KH%DVLFV
7KH1HZ-HUXVDOHP%LEOH(G6XVDQ-RQHV1HZ<RUN'RXEOHGD\3ULQW
$*RYHUQPHQW3XEOLFDWLRQ
&LWHWKHDXWKRURIWKHSXEOLFDWLRQLIWKHDXWKRULVLGHQWLILHG2WKHUZLVHVWDUWZLWKWKH
QDPHRIWKHQDWLRQDOJRYHUQPHQWIROORZHGE\WKHDJHQF\LQFOXGLQJDQ\VXEGLYLVLRQVRU
DJHQFLHVWKDWVHUYHVDVWKHRUJDQL]DWLRQDODXWKRU)RUFRQJUHVVLRQDOGRFXPHQWVEHVXUH
WRLQFOXGHWKHQXPEHURIWKH&RQJUHVVDQGWKHVHVVLRQZKHQWKHKHDULQJZDVKHOGRU
UHVROXWLRQSDVVHG86JRYHUQPHQWGRFXPHQWVDUHW\SLFDOO\SXEOLVKHGE\WKH*RYHUQPHQW
3ULQWLQJ2IILFHZKLFK0/$DEEUHYLDWHVDV*32
8QLWHG6WDWHV&RQJ6HQDWH&RPPLWWHHRQ(QHUJ\DQG1DWXUDO5HVRXUFHV+HDULQJRQ
WKH*HRSROLWLFVRI2LOWK&RQJVWVHVV:DVKLQJWRQ*323ULQW
8QLWHG6WDWHV*RYHUQPHQW$FFRXQWDELOLW\2IILFH&OLPDWH&KDQJH(3$DQG'2(
6KRXOG'R0RUHWR(QFRXUDJH3URJUHVV8QGHU7ZR9ROXQWDU\3URJUDPV
:DVKLQJWRQ*323ULQW
$3DPSKOHW
&LWHWKHWLWOHDQGSXEOLFDWLRQLQIRUPDWLRQIRUWKHSDPSKOHWMXVWDV\RXZRXOGDERRN
ZLWKRXWDQDXWKRU3DPSKOHWVDQGSURPRWLRQDOPDWHULDOVFRPPRQO\IHDWXUHFRUSRUDWH
DXWKRUVFRPPLVVLRQVFRPPLWWHHVRURWKHUJURXSVWKDWGRHVQRWSURYLGHLQGLYLGXDOJURXS
PHPEHUQDPHV,IWKHSDPSKOHW\RXDUHFLWLQJKDVQRDXWKRUFLWHDVGLUHFWHGEHORZ,I
\RXUSDPSKOHWKDVDQDXWKRURUDFRUSRUDWHDXWKRUSXWWKHQDPHRIWKHDXWKRUODVWQDPH
ILUVWQDPHIRUPDWRUFRUSRUDWHDXWKRULQWKHSODFHZKHUHWKHDXWKRUQDPHW\SLFDOO\
DSSHDUVDWWKHEHJLQQLQJRIWKHHQWU\6HHDOVR%RRNVE\D&RUSRUDWH$XWKRURU
2UJDQL]DWLRQDERYH
:RPHQ
V+HDOWK3UREOHPVRIWKH'LJHVWLYH6\VWHP:DVKLQJWRQ$PHULFDQ&ROOHJHRI
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
2EVWHWULFLDQVDQG*\QHFRORJLVWV3ULQW
<RXU5LJKWV8QGHU&DOLIRUQLD:HOIDUH3URJUDPV6DFUDPHQWR&DOLIRUQLD'HSWRI6RFLDO
6HUYLFHV3ULQW
'LVVHUWDWLRQVDQG0DVWHU
V7KHVHV
'LVVHUWDWLRQVDQGPDVWHU
VWKHVHVPD\EHXVHGDVVRXUFHVZKHWKHUSXEOLVKHGRUQRW&LWH
WKHZRUNDV\RXZRXOGDERRNEXWLQFOXGHWKHGHVLJQDWLRQ'LVVRU0$06WKHVLV
IROORZHGE\WKHGHJUHHJUDQWLQJVFKRRODQGWKH\HDUWKHGHJUHHZDVDZDUGHG
,IWKHGLVVHUWDWLRQLVSXEOLVKHGLWDOLFL]HWKHWLWOHDQGLQFOXGHWKHSXEOLFDWLRQGDWH<RX
PD\DOVRLQFOXGHWKH8QLYHUVLW\0LFURILOPV,QWHUQDWLRQDO80,RUGHUQXPEHULI\RX
FKRRVH
%LVKRS.DUHQ/\QQ'RFXPHQWLQJ,QVWLWXWLRQDO,GHQWLW\6WUDWHJLF:ULWLQJLQWKH,838,
&RPSUHKHQVLYH&DPSDLJQ'LVV3XUGXH8QLYHUVLW\$QQ$UERU80,
3ULQW
%LOH-HIIUH\(FRORJ\)HPLQLVPDQGD5HYLVHG&ULWLFDO5KHWRULF7RZDUGD'LDOHFWLFDO
3DUWQHUVKLS'LVV2KLR8QLYHUVLW\$QQ$UERU80,$$7
3ULQW
,IWKHZRUNLVQRWSXEOLVKHGSXWWKHWLWOHLQTXRWDWLRQPDUNVDQGHQGZLWKWKHGDWHWKH
GHJUHHZDVDZDUGHG
*UDEDQ7DUH]6DPUD7RZDUGVD)HPLQLQH,URQLF8QGHUVWDQGLQJ,URQ\LQWKH
2SSRVLWLRQDO'LVFRXUVHRI:RPHQIURPWKH(DUO\0RGHUQDQG0RGHUQ3HULRGV
'LVV3XUGXH8QLYHUVLW\3ULQW
6WROOH\.DUO7RZDUGD&RQFHSWLRQRI5HOLJLRQDVD'LVFXUVLYH)RUPDWLRQ,PSOLFDWLRQV
IRU3RVWPRGHUQ&RPSRVLWLRQ7KHRU\0$WKHVLV3XUGXH8QLYHUVLW\3ULQW
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$:RUNV&LWHG3HULRGLFDOV
3HULRGLFDOVHJPDJD]LQHVQHZVSDSHUVDQGVFKRODUO\MRXUQDOVWKDWDSSHDULQSULQW
UHTXLUHWKHVDPHPHGLXPRISXEOLFDWLRQGHVLJQDWRU²3ULQW²DVERRNVEXWWKH0/$6W\OH
PHWKRGIRUFLWLQJWKHVHPDWHULDOVDQGWKHLWHPVUHTXLUHGIRUWKHVHHQWULHVDUHTXLWH
GLIIHUHQWIURP0/$ERRNFLWDWLRQV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
)RUPRUHLQIRUPDWLRQRQFLWLQJSHULRGLFDOVFRQVXOW³&LWLQJ3HULRGLFDO3ULQW3XEOLFDWLRQV´
LQWKH0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGLWLRQVHFRU
WKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUGHGLWLRQVHF
$UWLFOHLQD0DJD]LQH
&LWHE\OLVWLQJWKHDUWLFOH
VDXWKRUSXWWLQJWKHWLWOHRIWKHDUWLFOHLQTXRWDWLRQVPDUNVDQG
LWDOLFL]LQJWKHSHULRGLFDOWLWOH)ROORZZLWKWKHGDWHRISXEOLFDWLRQ5HPHPEHUWR
DEEUHYLDWHWKHPRQWK7KHEDVLFIRUPDWLVDVIROORZV
$XWKRUV7LWOHRI$UWLFOH7LWOHRI3HULRGLFDO'D\0RQWK<HDUSDJHV0HGLXPRI
SXEOLFDWLRQ
3RQLHZR]LN-DPHV790DNHVD7RR&ORVH&DOO7LPH1RY3ULQW
%XFKPDQ'DQD$6SHFLDO(GXFDWLRQ*RRG+RXVHNHHSLQJ0DU3ULQW
$UWLFOHLQD1HZVSDSHU
&LWHDQHZVSDSHUDUWLFOHDV\RXZRXOGDPDJD]LQHDUWLFOHEXWQRWHWKHGLIIHUHQW
SDJLQDWLRQLQDQHZVSDSHU,IWKHUHLVPRUHWKDQRQHHGLWLRQDYDLODEOHIRUWKDWGDWHDVLQ
DQHDUO\DQGODWHHGLWLRQRIDQHZVSDSHULGHQWLI\WKHHGLWLRQIROORZLQJWKHGDWHHJ
0D\ODWHHG
%UXEDNHU%LOO1HZ+HDOWK&HQWHU7DUJHWV&RXQW\
V8QLQVXUHG3DWLHQWV:DVKLQJWRQ
3RVW0D\/=3ULQW
.UXJPDQ$QGUHZ)HDURI(DWLQJ1HZ<RUN7LPHV0D\ODWHHG$3ULQW
,IWKHQHZVSDSHULVDOHVVZHOONQRZQRUORFDOSXEOLFDWLRQLQFOXGHWKHFLW\QDPHDQGVWDWH
LQEUDFNHWVDIWHUWKHWLWOHRIWKHQHZVSDSHU
%HKUH5REHUW3UHVLGHQWLDO+RSHIXOV*HW)LQDO&UDFNDW&RUHRI6&'HPRFUDWV3RVW
DQG&RXULHU>&KDUOHVWRQ6&@$SU$3ULQW
7UHPEDFNL3DXO%UHHV+RSHVWR:LQ+HLVPDQIRU7HDP3XUGXH([SRQHQW>:HVW
/DID\HWWH,1@'HF3ULQW
$5HYLHZ
7RFLWHDUHYLHZLQFOXGHWKHWLWOHRIWKHUHYLHZLIDYDLODEOHWKHQWKHDEEUHYLDWLRQ5HY
RIIRU5HYLHZRIDQGSURYLGHWKHWLWOHRIWKHZRUNLQLWDOLFVIRUERRNVSOD\VDQGILOPV
LQTXRWDWLRQPDUNVIRUDUWLFOHVSRHPVDQGVKRUWVWRULHV)LQDOO\SURYLGHSHUIRUPDQFH
DQGRUSXEOLFDWLRQLQIRUPDWLRQ
5HYLHZ$XWKRU7LWOHRI5HYLHZLIWKHUHLVRQH5HYRI3HUIRUPDQFH7LWOHE\
$XWKRU'LUHFWRU$UWLVW7LWOHRI3HULRGLFDOGD\PRQWK\HDUSDJH0HGLXPRI
SXEOLFDWLRQ
6HLW]0DWW=ROOHU/LIHLQWKH6SUDZOLQJ6XEXUEV,I<RX&DQ5HDOO\&DOO,W/LYLQJ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
5HYRI5DGLDQW&LW\GLU*DU\%XUQVDQG-LP%URZQ1HZ<RUN7LPHV0D\
ODWHHG(3ULQW
:HLOOHU.+5HYRI6SRUW5KHWRULFDQG*HQGHU+LVWRULFDO3HUVSHFWLYHVDQG0HGLD
5HSUHVHQWDWLRQVHG/LQGD.)XOOHU&KRLFH$SU3ULQW
$Q(GLWRULDO/HWWHUWRWKH(GLWRU
&LWHDV\RXZRXOGDQ\DUWLFOHLQDSHULRGLFDOEXWLQFOXGHWKHGHVLJQDWRUV(GLWRULDORU
/HWWHUWRLGHQWLI\WKHW\SHRIZRUNLWLV
2I0LQHVDQG0HQ(GLWRULDO:DOO6WUHHW-RXUQDOHDVWHG2FW$3ULQW
+DPHU-RKQ/HWWHU$PHULFDQ-RXUQDOLVP5HYLHZ'HF-DQ3ULQW
$QRQ\PRXV$UWLFOHV
&LWHWKHDUWLFOHWLWOHILUVWDQGILQLVKWKHFLWDWLRQDV\RXZRXOGDQ\RWKHUIRUWKDWNLQGRI
SHULRGLFDO
%XVLQHVV*OREDO:DUPLQJ
V%RRP7RZQ7RXULVPLQ*UHHQODQG7KH(FRQRPLVW
0D\3ULQW
$JLQJ:RPHQ([SHFWWR&DUHIRU$JLQJ3DUHQWVEXW6HOGRP3UHSDUH:RPHQ
V+HDOWK
:HHNO\0D\3ULQW
$Q$UWLFOHLQD6FKRODUO\-RXUQDO
,QSUHYLRXV\HDUV0/$UHTXLUHGWKDWUHVHDUFKHUVGHWHUPLQHZKHWKHURUQRWDVFKRODUO\
MRXUQDOHPSOR\HGFRQWLQXRXVSDJLQDWLRQSDJHQXPEHUVEHJDQDWSDJHRQHLQWKHILUVW
LVVXHRIWKH\HDUVDQGSDJHQXPEHUVWRRNXSZKHUHWKH\OHIWRIILQVXEVHTXHQWRQHVRU
QRQFRQWLQXRXVSDJLQDWLRQSDJHQXPEHUVEHJLQDWSDJHRQHLQHYHU\VXEVHTXHQWLVVXHLQ
RUGHUWRGHWHUPLQHZKHWKHURUQRWWRLQFOXGHLVVXHQXPEHUVLQELEOLRJUDSKLFHQWULHV7KH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGLWLRQHOLPLQDWHVWKLVVWHS
$OZD\VSURYLGHLVVXHQXPEHUVZKHQDYDLODEOH
$XWKRUV7LWOHRI$UWLFOH7LWOHRI-RXUQDO9ROXPH,VVXH<HDUSDJHV0HGLXPRI
SXEOLFDWLRQ
%DJFKL$ODNQDQGD&RQIOLFWLQJ1DWLRQDOLVPV7KH9RLFHRIWKH6XEDOWHUQLQ0DKDVZHWD
'HYL
V%DVKDL7XGX7XOVD6WXGLHVLQ:RPHQ
V/LWHUDWXUH
3ULQW
'XYDOO-RKQ17KH6XSHU0DUNHWSODFHRI,PDJHV7HOHYLVLRQDV8QPHGLDWHG
0HGLDWLRQLQ'H/LOOR
V:KLWH1RLVH$UL]RQD4XDUWHUO\
3ULQW
$Q$UWLFOHLQD6SHFLDO,VVXHRID6FKRODUO\-RXUQDO
:KHQDQDUWLFOHDSSHDUVLQDVSHFLDOLVVXHRIDMRXUQDOFLWHWKHQDPHRIWKHVSHFLDOLVVXH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
LQWKHHQWU\¶VWLWOHVSDFHLQLWDOLFVDQGHQGZLWKDSHULRG$GGWKHGHVFULSWRU³6SHFLVVXH
RI´DQGLQFOXGHWKHQDPHRIWKHMRXUQDODOVRLQLWDOLFVIROORZHGE\WKHUHVWRIWKH
LQIRUPDWLRQUHTXLUHGIRUDVWDQGDUGVFKRODUO\MRXUQDOFLWDWLRQ
:HEHQWULHVVKRXOGIROORZDVLPLODUIRUPDW
%XUJHVV$QWKRQ\³3ROLWLFVLQWKH1RYHOVRI*UDKDP*UHHQH´/LWHUDWXUHDQG6RFLHW\
6SHFLVVXHRI-RXUQDORI&RQWHPSRUDU\+LVWRU\3ULQW
&DVH6XH(OOHQ³(YH
V$SSOHRU:RPHQ
V1DUUDWLYH%\WHV´7HFKQRFULWLFLVPDQG
+\SHUQDUUDWLYH6SHFLVVXHRI0RGHUQ)LFWLRQ6WXGLHV
:HE)HE
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$:RUNV&LWHG(OHFWURQLF6RXUFHV
:HE3XEOLFDWLRQV
0/$OLVWVHOHFWURQLFVRXUFHVDV:HE3XEOLFDWLRQV7KXVZKHQLQFOXGLQJWKHPHGLXPRI
SXEOLFDWLRQIRUHOHFWURQLFVRXUFHVOLVWWKHPHGLXPDV:HE
,WLVDOZD\VDJRRGLGHDWRPDLQWDLQSHUVRQDOFRSLHVRIHOHFWURQLFLQIRUPDWLRQZKHQ
SRVVLEOH,WLVJRRGSUDFWLFHWRSULQWRUVDYH:HESDJHVRUEHWWHUXVLQJDSURJUDPOLNH
$GREH$FUREDWWRNHHS\RXURZQFRSLHVIRUIXWXUHUHIHUHQFH0RVW:HEEURZVHUVZLOO
LQFOXGH85/HOHFWURQLFDGGUHVVLQIRUPDWLRQZKHQ\RXSULQWZKLFKPDNHVODWHUUHIHUHQFH
HDV\$OVR\RXPLJKWXVHWKH%RRNPDUNIXQFWLRQLQ\RXU:HEEURZVHULQRUGHUWRUHWXUQ
WRGRFXPHQWVPRUHHDVLO\
,PSRUWDQW1RWHRQWKH8VHRI85/VLQ0/$
0/$QRORQJHUUHTXLUHVWKHXVHRI85/VLQ0/$FLWDWLRQV%HFDXVH:HEDGGUHVVHVDUH
QRWVWDWLFLHWKH\FKDQJHRIWHQDQGEHFDXVHGRFXPHQWVVRPHWLPHVDSSHDULQPXOWLSOH
SODFHVRQWKH:HEHJRQPXOWLSOHGDWDEDVHV0/$H[SODLQVWKDWPRVWUHDGHUVFDQILQG
HOHFWURQLFVRXUFHVYLDWLWOHRUDXWKRUVHDUFKHVLQ,QWHUQHW6HDUFK(QJLQHV
)RULQVWUXFWRUVRUHGLWRUVZKRVWLOOZLVKWRUHTXLUHWKHXVHRI85/V0/$VXJJHVWVWKDW
WKH85/DSSHDULQDQJOHEUDFNHWVDIWHUWKHGDWHRIDFFHVV%UHDN85/VRQO\DIWHUVODVKHV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
$ULVWRWOH3RHWLFV7UDQV6+%XWFKHU7KH,QWHUQHW&ODVVLFV$UFKLYH:HE$WRPLFDQG
0DVVDFKXVHWWV,QVWLWXWHRI7HFKQRORJ\6HSW:HE1RY
½KWWSFODVVLFVPLWHGX¾
$EEUHYLDWLRQV&RPPRQO\8VHGZLWK(OHFWURQLF6RXUFHV
,ISXEOLVKLQJLQIRUPDWLRQLVXQDYDLODEOHIRUHQWULHVWKDWUHTXLUHSXEOLFDWLRQLQIRUPDWLRQ
VXFKDVSXEOLVKHURUVSRQVRUQDPHVDQGSXEOLVKLQJGDWHV0/$UHTXLUHVWKHXVHRI
VSHFLDODEEUHYLDWLRQVWRLQGLFDWHWKDWWKLVLQIRUPDWLRQLVQRWDYDLODEOH8VHQSWRLQGLFDWH
WKDWQHLWKHUDSXEOLVKHUQRUDVSRQVRUQDPHKDVEHHQSURYLGHG8VHQGZKHQWKH:HE
SDJHGRHVQRWSURYLGHDSXEOLFDWLRQGDWH
:KHQDQHQWU\UHTXLUHVWKDW\RXSURYLGHDSDJHEXWQRSDJHVDUHSURYLGHGLQWKHVRXUFH
DVLQWKHFDVHRIDQRQOLQHRQO\VFKRODUO\MRXUQDORUDZRUNWKDWDSSHDUVLQDQRQOLQHRQO\
DQWKRORJ\XVHWKHDEEUHYLDWLRQQSDJ
%DVLF6W\OHIRU&LWDWLRQVRI(OHFWURQLF6RXUFHV,QFOXGLQJ2QOLQH'DWDEDVHV
+HUHDUHVRPHFRPPRQIHDWXUHV\RXVKRXOGWU\DQGILQGEHIRUHFLWLQJHOHFWURQLFVRXUFHV
LQ0/$VW\OH1RWHYHU\:HESDJHZLOOSURYLGHDOORIWKHIROORZLQJLQIRUPDWLRQ
+RZHYHUFROOHFWDVPXFKRIWKHIROORZLQJLQIRUPDWLRQDVSRVVLEOHERWKIRU\RXUFLWDWLRQV
DQGIRU\RXUUHVHDUFKQRWHV
$XWKRUDQGRUHGLWRUQDPHVLIDYDLODEOH
$UWLFOHQDPHLQTXRWDWLRQPDUNVLIDSSOLFDEOH
7LWOHRIWKH:HEVLWHSURMHFWRUERRNLQLWDOLFV5HPHPEHUWKDWVRPH3ULQW
SXEOLFDWLRQVKDYH:HESXEOLFDWLRQVZLWKVOLJKWO\GLIIHUHQWQDPHV7KH\PD\IRU
H[DPSOHLQFOXGHWKHDGGLWLRQDOLQIRUPDWLRQRURWKHUZLVHPRGLILHGLQIRUPDWLRQOLNH
GRPDLQQDPHV>HJFRPRUQHW@
$Q\YHUVLRQQXPEHUVDYDLODEOHLQFOXGLQJUHYLVLRQVSRVWLQJGDWHVYROXPHVRU
LVVXHQXPEHUV
3XEOLVKHULQIRUPDWLRQLQFOXGLQJWKHSXEOLVKHUQDPHDQGSXEOLVKLQJGDWH
7DNHQRWHRIDQ\SDJHQXPEHUVLIDYDLODEOH
0HGLXPRISXEOLFDWLRQ
'DWH\RXDFFHVVHGWKHPDWHULDO
85/LIUHTXLUHGRUIRU\RXURZQSHUVRQDOUHIHUHQFH0/$GRHVQRWUHTXLUHD
85/
&LWLQJDQ(QWLUH:HE6LWH
,WLVQHFHVVDU\WROLVW\RXUGDWHRIDFFHVVEHFDXVHZHESRVWLQJVDUHRIWHQXSGDWHGDQG
LQIRUPDWLRQDYDLODEOHRQRQHGDWHPD\QRORQJHUEHDYDLODEOHODWHU,ID85/LVUHTXLUHG
RU\RXFKRVHWRLQFOXGHRQHEHVXUHWRLQFOXGHWKHFRPSOHWHDGGUHVVIRUWKHVLWH1RWH
7KHIROORZLQJH[DPSOHVGRQRWLQFOXGHD85/EHFDXVH0/$QRORQJHUUHTXLUHVD85/WR
EHLQFOXGHG
5HPHPEHUWRXVHQSLIQRSXEOLVKHUQDPHLVDYDLODEOHDQGQGLIQRSXEOLVKLQJGDWHLV
JLYHQ
(GLWRUDXWKRURUFRPSLOHUQDPHLIDYDLODEOH1DPHRI6LWH9HUVLRQQXPEHU1DPHRI
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
LQVWLWXWLRQRUJDQL]DWLRQDIILOLDWHGZLWKWKHVLWHVSRQVRURUSXEOLVKHUGDWHRI
UHVRXUFHFUHDWLRQLIDYDLODEOH0HGLXPRISXEOLFDWLRQ'DWHRIDFFHVV
7KH3XUGXH2:/)DPLO\RI6LWHV7KH:ULWLQJ/DEDQG2:/DW3XUGXHDQG3XUGXH8
:HE$SU
)HOOXJD'LQR*XLGHWR/LWHUDU\DQG&ULWLFDO7KHRU\3XUGXH81RY:HE
0D\
&RXUVHRU'HSDUWPHQW:HEVLWHV
*LYHWKHLQVWUXFWRUQDPH7KHQOLVWWKHWLWOHRIWKHFRXUVHRUWKHVFKRROFDWDORJ
GHVLJQDWLRQIRUWKHFRXUVHLQLWDOLFV*LYHDSSURSULDWHGHSDUWPHQWDQGVFKRROQDPHVDV
ZHOOIROORZLQJWKHFRXUVHWLWOH5HPHPEHUWRXVHQGLIQRSXEOLVKLQJGDWHLVJLYHQ
)HOOXJD'LQR6XUYH\RIWKH/LWHUDWXUHRI(QJODQG3XUGXH8$XJ:HE0D\
(QJOLVK'HSDUWPHQW3XUGXH8$SU:HE0D\
$3DJHRQD:HE6LWH
)RUDQLQGLYLGXDOSDJHRQD:HEVLWHOLVWWKHDXWKRURUDOLDVLINQRZQIROORZHGE\WKH
LQIRUPDWLRQFRYHUHGDERYHIRUHQWLUH:HEVLWHV5HPHPEHUWRXVHQSLIQRSXEOLVKHU
QDPHLVDYDLODEOHDQGQGLIQRSXEOLVKLQJGDWHLVJLYHQ
$WKHOHWH
V)RRW7RSLF2YHUYLHZ:HE0':HE0'6HSWHPEHU:HE-XO\
/XQGPDQ6XVDQ+RZWR0DNH9HJHWDULDQ&KLOLH+RZ'HPDQG0HGLDQG:HE
-XO\
$Q,PDJH,QFOXGLQJD3DLQWLQJ6FXOSWXUHRU3KRWRJUDSK
3URYLGHWKHDUWLVW
VQDPHWKHZRUNRIDUWLWDOLFL]HGWKHGDWHRIFUHDWLRQWKHLQVWLWXWLRQDQG
FLW\ZKHUHWKHZRUNLVKRXVHG)ROORZWKLVLQLWLDOHQWU\ZLWKWKHQDPHRIWKH:HEVLWHLQ
LWDOLFVWKHPHGLXPRISXEOLFDWLRQDQGWKHGDWHRIDFFHVV
*R\D)UDQFLVFR7KH)DPLO\RI&KDUOHV,90XVHR1DFLRQDOGHO3UDGR0DGULG
0XVHR1DWLRQDOGHO3UDGR:HE0D\
.OHH3DXO7ZLWWHULQJ0DFKLQH0XVHXPRI0RGHUQ$UW1HZ<RUN7KH$UWFKLYH
:HE0D\
,IWKHZRUNLVFLWHGRQWKHZHERQO\WKHQSURYLGHWKHQDPHRIWKHDUWLVWWKHWLWOHRIWKH
ZRUNWKHPHGLXPRIWKHZRUNDQGWKHQIROORZWKHFLWDWLRQIRUPDWIRUDZHEVLWH,IWKH
ZRUNLVSRVWHGYLDDXVHUQDPHXVHWKDWXVHUQDPHIRUWKHDXWKRU
EUDQG\FKORH*UHDW+RUQHG2ZO)DPLO\3KRWRJUDSK:HEVKRWV$PHULFDQ*UHHWLQJV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
0D\:HE1RY
$Q$UWLFOHLQD:HE0DJD]LQH
3URYLGHWKHDXWKRUQDPHDUWLFOHQDPHLQTXRWDWLRQPDUNVWLWOHRIWKH:HEPDJD]LQHLQ
LWDOLFVSXEOLVKHUQDPHSXEOLFDWLRQGDWHPHGLXPRISXEOLFDWLRQDQGWKHGDWHRIDFFHVV
5HPHPEHUWRXVHQSLIQRSXEOLVKHUQDPHLVDYDLODEOHDQGQGLIQRSXEOLVKLQJGDWHLV
JLYHQ
%HUQVWHLQ0DUN7LSVRQ:ULWLQJWKH/LYLQJ:HE$/LVW$SDUW)RU3HRSOH:KR
0DNH:HEVLWHV$/LVW$SDUW0DJ$XJ:HE0D\
$Q$UWLFOHLQDQ2QOLQH6FKRODUO\-RXUQDO
)RUDOORQOLQHVFKRODUO\MRXUQDOVSURYLGHWKHDXWKRUVQDPHVWKHQDPHRIWKHDUWLFOHLQ
TXRWDWLRQPDUNVWKHWLWOHRIWKHSXEOLFDWLRQLQLWDOLFVDOOYROXPHDQGLVVXHQXPEHUVDQG
WKH\HDURISXEOLFDWLRQ
$UWLFOHLQDQ2QOLQHRQO\6FKRODUO\-RXUQDO
0/$UHTXLUHVDSDJHUDQJHIRUDUWLFOHVWKDWDSSHDULQ6FKRODUO\-RXUQDOV,IWKHMRXUQDO
\RXDUHFLWLQJDSSHDUVH[FOXVLYHO\LQDQRQOLQHIRUPDWLHWKHUHLVQRFRUUHVSRQGLQJSULQW
SXEOLFDWLRQWKDWGRHVQRWPDNHXVHRISDJHQXPEHUVXVHWKHDEEUHYLDWLRQQSDJWR
GHQRWHWKDWWKHUHLVQRSDJLQDWLRQIRUWKHSXEOLFDWLRQ
'ROE\1DGLQH³5HVHDUFKLQ<RXWK&XOWXUHDQG3ROLF\&XUUHQW&RQGLWLRQVDQG)XWXUH
'LUHFWLRQV´6RFLDO:RUNDQG6RFLHW\7KH,QWHUQDWLRQDO2QOLQH2QO\-RXUQDO
QSDJ:HE0D\
$UWLFOHLQDQ2QOLQH6FKRODUO\-RXUQDO7KDW$OVR$SSHDUVLQ3ULQW
&LWHDUWLFOHVLQRQOLQHVFKRODUO\MRXUQDOVWKDWDOVRDSSHDULQSULQWDV\RXZRXOGDVFKRODUO\
MRXUQDOLQSULQWLQFOXGLQJWKHSDJHUDQJHRIWKHDUWLFOH3URYLGHWKHPHGLXPRISXEOLFDWLRQ
WKDW\RXXVHGLQWKLVFDVH:HEDQGWKHGDWHRIDFFHVV
:KHHOLV0DUN,QYHVWLJDWLQJ'LVHDVH2XWEUHDNV8QGHUD3URWRFROWRWKH%LRORJLFDODQG
7R[LQ:HDSRQV&RQYHQWLRQ(PHUJLQJ,QIHFWLRXV'LVHDVHV
:HE)HE
$Q$UWLFOHIURPDQ2QOLQH'DWDEDVHRU2WKHU(OHFWURQLF6XEVFULSWLRQ6HUYLFH
&LWHDUWLFOHVIURPRQOLQHGDWDEDVHVHJ/H[LV1H[LV3UR4XHVW-67256FLHQFH'LUHFW
DQGRWKHUVXEVFULSWLRQVHUYLFHVMXVWDV\RXZRXOGSULQWVRXUFHV6LQFHWKHVHDUWLFOHV
XVXDOO\FRPHIURPSHULRGLFDOVEHVXUHWRFRQVXOWWKHDSSURSULDWHVHFWLRQVRIWKH:RUNV
&LWHG3HULRGLFDOVSDJHZKLFK\RXFDQDFFHVVYLDLWVOLQNDWWKHERWWRPRIWKLVSDJH,Q
DGGLWLRQWRWKLVLQIRUPDWLRQSURYLGHWKHWLWOHRIWKHGDWDEDVHLWDOLFL]HGWKHPHGLXPRI
SXEOLFDWLRQDQGWKHGDWHRIDFFHVV
1RWH3UHYLRXVHGLWLRQVRIWKH0/$6W\OH0DQXDOUHTXLUHGLQIRUPDWLRQDERXWWKH
VXEVFULELQJLQVWLWXWLRQQDPHDQGORFDWLRQ7KLVLQIRUPDWLRQLVQRORQJHUUHTXLUHGE\
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
0/$
-XQJH:ROIJDQJDQG1DWKDQ1HOVRQ³1DWXUH
V5RWDU\(OHFWURPRWRUV´6FLHQFH$SU
6FLHQFH2QOLQH:HE0DU
/DQJKDPHU&ODLUH³/RYHDQG&RXUWVKLSLQ0LG7ZHQWLHWK&HQWXU\(QJODQG´+LVWRULFDO
-RXUQDO3UR4XHVW:HE0D\
(PDLOLQFOXGLQJ(PDLO,QWHUYLHZV
*LYHWKHDXWKRURIWKHPHVVDJHIROORZHGE\WKHVXEMHFWOLQHLQTXRWDWLRQPDUNV6WDWHWR
ZKRPWRPHVVDJHZDVVHQWWKHGDWHWKHPHVVDJHZDVVHQWDQGWKHPHGLXPRI
SXEOLFDWLRQ
.XQND$QGUHZ5H0RGHUQLVW/LWHUDWXUH0HVVDJHWRWKHDXWKRU1RY(
PDLO
1H\KDUW'DYLG5H2QOLQH7XWRULQJ0HVVDJHWR-RH%DUEDWR'HF(PDLO
$/LVWVHUY'LVFXVVLRQ*URXSRU%ORJ3RVWLQJ
&LWH:HESRVWLQJVDV\RXZRXOGDVWDQGDUG:HEHQWU\3URYLGHWKHDXWKRURIWKHZRUN
WKHWLWOHRIWKHSRVWLQJLQTXRWDWLRQPDUNVWKH:HEVLWHQDPHLQLWDOLFVWKHSXEOLVKHUDQG
WKHSRVWLQJGDWH)ROORZZLWKWKHPHGLXPRISXEOLFDWLRQDQGWKHGDWHRIDFFHVV,QFOXGH
VFUHHQQDPHVDVDXWKRUQDPHVZKHQDXWKRUQDPHLVQRWNQRZQ,IERWKQDPHVDUHNQRZQ
SODFHWKHDXWKRU¶VQDPHLQEUDFNHWV5HPHPEHULIWKHSXEOLVKHURIWKHVLWHLVXQNQRZQ
XVHWKHDEEUHYLDWLRQQS
(GLWRUVFUHHQQDPHDXWKRURUFRPSLOHUQDPHLIDYDLODEOH³3RVWLQJ7LWOH´1DPHRI
6LWH9HUVLRQQXPEHULIDYDLODEOH1DPHRILQVWLWXWLRQRUJDQL]DWLRQDIILOLDWHG
ZLWKWKHVLWHVSRQVRURUSXEOLVKHU0HGLXPRISXEOLFDWLRQ'DWHRIDFFHVV
6DOPDU>6DO+HUQDQGH]@³5H%HVW6WUDWHJ\)HQFHG3DVWXUHVYV0D[1XPEHURI
5RRPV"´%RDUG*DPH*HHN%RDUG*DPH*HHN6HSW:HE$SU
$7ZHHW
0/$SRVWHGJXLGHOLQHVRQWKHLUZHEVLWHIRUKRZWRFLWHDWZHHWRQD:RUNV&LWHGSDJH
%HJLQZLWKWKHXVHU
VQDPH/DVW1DPH)LUVW1DPHIROORZHGE\KLVKHU7ZLWWHU
XVHUQDPHLQSDUHQWKHVHV,QVHUWDSHULRGRXWVLGHWKHSDUHQWKHVHV1H[WSODFHWKHWZHHWLQ
LWVHQWLUHW\LQTXRWDWLRQVLQVHUWLQJDSHULRGDIWHUWKHWZHHWZLWKLQWKHTXRWDWLRQV,QFOXGH
WKHGDWHDQGWLPHRISRVWLQJXVLQJWKHUHDGHU
VWLPH]RQHVHSDUDWHWKHGDWHDQGWLPHZLWK
DFRPPDDQGHQGZLWKDSHULRG,QFOXGHWKHZRUG7ZHHWDIWHUZDUGVDQGHQGZLWKD
SHULRG
%URNDZ7RPWRPEURNDZ6&GHPRQVWUDWHGZK\DOOWKHGHEDWHVDUHWKHHQJLQHVRIWKLV
FDPSDLJQ-DQDP7ZHHW
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
3XUGXH:ULWLQJ/DE3XUGXH:/DE6SULQJEUHDNLVDURXQGWKHFRUQHUDQGDOORXU
ORFDWLRQVZLOOEHRSHQQH[WZHHN0DUSP7ZHHW
<RX7XEH9LGHRV
7KH0/$GRHVQRWFXUUHQWO\SUHVFULEHDFLWDWLRQVW\OHIRU<RX7XEHYLGHRV%DVHGRQ
0/$VWDQGDUGVIRURWKHUPHGLDIRUPDWVZHIHHOWKDWWKHIROORZLQJIRUPDWLVWKHPRVW
DFFHSWDEOHIRUFLWLQJ<RX7XEHYLGHRV
$XWKRU¶V1DPHRU3RVWHU¶V8VHUQDPH³7LWOHRI,PDJHRU9LGHR´0HGLD7\SH
7H[W1DPHRI:HEVLWH1DPHRI:HEVLWH¶V3XEOLVKHUGDWHRISRVWLQJ0HGLXPGDWH
UHWULHYHG
+HUHLVDQH[DPSOHRIZKDWWKDWORRNVOLNH
6KLPDEXNXUR-DNH8NXOHOH:HHSVE\-DNH6KLPDEXNXUR2QOLQHYLGHRFOLS
<RX7XEH<RX7XEH$SU:HE6HSW
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$:RUNV&LWHG2WKHU&RPPRQ
6RXUFHV
6HYHUDOVRXUFHVKDYHPXOWLSOHPHDQVIRUFLWDWLRQHVSHFLDOO\WKRVHWKDWDSSHDULQYDULHG
IRUPDWVILOPV'9'VYLGHRFDVVHWWHVSXEOLVKHGDQGXQSXEOLVKHGLQWHUYLHZVLQWHUYLHZV
RYHUHPDLOSXEOLVKHGDQGXQSXEOLVKHGFRQIHUHQFHSURFHHGLQJV7KHIROORZLQJVHFWLRQ
JURXSVWKHVHVRUWVRIFLWDWLRQVDVZHOODVRWKHUVQRWFRYHUHGLQWKHSULQWSHULRGLFDODQG
HOHFWURQLFVRXUFHVVHFWLRQV
$Q,QWHUYLHZ
,QWHUYLHZVW\SLFDOO\IDOOLQWRWZRFDWHJRULHVSULQWRUEURDGFDVWSXEOLVKHGDQGXQSXEOLVKHG
SHUVRQDOLQWHUYLHZVDOWKRXJKLQWHUYLHZVPD\DOVRDSSHDULQRWKHUVLPLODUIRUPDWVVXFK
DVLQHPDLOIRUPDWRUDVD:HEGRFXPHQW
3HUVRQDO,QWHUYLHZV
3HUVRQDOLQWHUYLHZVUHIHUWRWKRVHLQWHUYLHZVWKDW\RXFRQGXFW\RXUVHOI/LVWWKHLQWHUYLHZ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
E\WKHQDPHRIWKHLQWHUYLHZHH,QFOXGHWKHGHVFULSWRU3HUVRQDOLQWHUYLHZDQGWKHGDWHRI
WKHLQWHUYLHZ
6PLWK-DQH3HUVRQDOLQWHUYLHZ0D\
3XEOLVKHG,QWHUYLHZV3ULQWRU%URDGFDVW
/LVWWKHLQWHUYLHZE\WKHQDPHRIWKHLQWHUYLHZHH,IWKHQDPHRIWKHLQWHUYLHZLVSDUWRID
ODUJHUZRUNOLNHDERRNDWHOHYLVLRQSURJUDPRUDILOPVHULHVSODFHWKHWLWOHRIWKH
LQWHUYLHZLQTXRWDWLRQPDUNV3ODFHWKHWLWOHRIWKHODUJHUZRUNLQLWDOLFV,IWKHLQWHUYLHZ
DSSHDUVDVDQLQGHSHQGHQWWLWOHLWDOLFL]HLW'HWHUPLQHWKHPHGLXPRISXEOLFDWLRQHJ
SULQW:HE'9'DQGILOOLQWKHUHVWRIWKHHQWU\ZLWKWKHLQIRUPDWLRQUHTXLUHGE\WKDW
PHGLXP)RUERRNVLQFOXGHWKHDXWKRURUHGLWRUQDPHDIWHUWKHERRNWLWOH
1RWH,IWKHLQWHUYLHZIURPZKLFK\RXTXRWHGRHVQRWIHDWXUHDWLWOHDGGWKHGHVFULSWRU
,QWHUYLHZXQIRUPDWWHGDIWHUWKHLQWHUYLHZHH¶VQDPH<RXPD\DOVRXVHWKHGHVFULSWRU
,QWHUYLHZE\WRDGGWKHQDPHRIWKHLQWHUYLHZWRWKHHQWU\LILWLVUHOHYDQWWR\RXUSDSHU
*DLWVNLOO0DU\,QWHUYLHZZLWK&KDUOHV%RFN0LVVLVVLSSL5HYLHZ
3ULQW
$PLV.LQJVOH\³0LPLFDQG0RUDOLVW´,QWHUYLHZVZLWK%ULWDLQ¶V$QJU\<RXQJ0HQ%\
'DOH6DOZDN6DQ%HUQDUGLQR%RUJR3ULQW
2QOLQHRQO\3XEOLVKHG,QWHUYLHZV
/LVWWKHLQWHUYLHZE\WKHQDPHRIWKHLQWHUYLHZHH,IWKHLQWHUYLHZKDVDWLWOHSODFHLWLQ
TXRWDWLRQPDUNV&LWHWKHUHPDLQGHURIWKHHQWU\DV\RXZRXOGRWKHUH[FOXVLYH:HE
FRQWHQW3ODFHWKHQDPHRIWKH:HEVLWHLQLWDOLFVJLYHWKHSXEOLVKHUQDPHRUVSRQVRU
WKHSXEOLFDWLRQGDWHWKHPHGLXPRISXEOLFDWLRQ:HEDQGWKHGDWHRIDFFHVV5HPHPEHU
WKDWLIQRSXEOLVKHUQDPHLVJLYHLQVHUWWKHDEEUHYLDWLRQQS
1RWH,IWKHLQWHUYLHZIURPZKLFK\RXTXRWHGRHVQRWIHDWXUHDWLWOHDGGWKHGHVFULSWRU
,QWHUYLHZXQIRUPDWWHGDIWHUWKHLQWHUYLHZHH¶VQDPH<RXPD\DOVRXVHWKHGHVFULSWRU
,QWHUYLHZE\WRDGGWKHQDPHRIWKHLQWHUYLHZWRWKHHQWU\LILWLVUHOHYDQWWR\RXUSDSHU
=LQNLHYLFK&UDLJ,QWHUYLHZE\*DUHWK9RQ.DOOHQEDFK6NHZHG5HYLHZHG6NHZHG
5HYLHZHG:HE0DU
6SHHFKHV/HFWXUHVRU2WKHU2UDO3UHVHQWDWLRQVLQFOXGLQJ&RQIHUHQFH
3UHVHQWDWLRQV
3URYLGHWKHVSHDNHU¶VQDPH7KHQJLYHWKHWLWOHRIWKHVSHHFKLIDQ\LQTXRWDWLRQPDUNV
)ROORZZLWKWKHQDPHRIWKHPHHWLQJDQGRUJDQL]DWLRQWKHORFDWLRQRIWKHRFFDVLRQDQG
WKHGDWH8VHWKHGHVFULSWRUWKDWDSSURSULDWHO\H[SUHVVHVWKHW\SHRISUHVHQWDWLRQHJ
$GGUHVV/HFWXUH5HDGLQJ.H\QRWH6SHHFK*XHVW/HFWXUH&RQIHUHQFH3UHVHQWDWLRQ
5HPHPEHUWRXVHWKHDEEUHYLDWLRQQSLIWKHSXEOLVKHULVQRWNQRZQXVHQGLIWKHGDWHLV
QRWNQRZQ
6WHLQ%RE&RPSXWHUVDQG:ULWLQJ&RQIHUHQFH3UHVHQWDWLRQ3XUGXH8QLYHUVLW\8QLRQ
&OXE+RWHO:HVW/DID\HWWH,10D\.H\QRWH$GGUHVV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
3XEOLVKHG&RQIHUHQFH3URFHHGLQJV
&LWHSXEOLVKHGFRQIHUHQFHSURFHHGLQJVOLNHDERRN,IWKHGDWHDQGORFDWLRQRIWKH
FRQIHUHQFHDUHQRWSDUWRIWKHSXEOLVKHGWLWOHDGGWKLVLQIRUPDWLRQDIWHUWKHSXEOLVKHG
SURFHHGLQJVWLWOH7KHPHGLXPRISXEOLFDWLRQLV3ULQW5HPHPEHUWRXVHWKHDEEUHYLDWLRQ
QSLIWKHSXEOLVKHULVQRWNQRZQXVHQGLIWKHGDWHLVQRWNQRZQ
/DVW1DPH)LUVW1DPHHG&RQIHUHQFH7LWOHWKDW,QFOXGHV&RQIHUHQFH'DWHDQG/RFDWLRQ
&LW\RI3XEOLFDWLRQ3XEOLVKHU'DWHRI3XEOLFDWLRQ3ULQW
/DVW1DPH)LUVW1DPHHG&RQIHUHQFH7LWOHWKDW'RHV1RW,QFOXGH&RQIHUHQFH'DWHDQG
/RFDWLRQ&RQIHUHQFH'DWH&RQIHUHQFH/RFDWLRQ&LW\RI3XEOLFDWLRQ3XEOLVKHU
'DWHRI3XEOLFDWLRQ3ULQW
7RFLWHDSUHVHQWDWLRQIURPDSXEOLVKHGFRQIHUHQFHSURFHHGLQJVEHJLQZLWKWKH
SUHVHQWHU¶VQDPH3ODFHWKHQDPHRIWKHSUHVHQWDWLRQLQTXRWDWLRQPDUNV)ROORZZLWK
SXEOLFDWLRQLQIRUPDWLRQIRUWKHFRQIHUHQFHSURFHHGLQJV
/DVW1DPH)LUVW1DPH³&RQIHUHQFH3DSHU7LWOH´&RQIHUHQFH7LWOHWKDW,QFOXGHV
&RQIHUHQFH'DWHDQG/RFDWLRQ(G&RQIHUHQFH(GLWRUV&LW\RI3XEOLFDWLRQ
3XEOLVKHU'DWHRI3XEOLFDWLRQ3ULQW
$3DLQWLQJ6FXOSWXUHRU3KRWRJUDSK
,QFOXGHWKHDUWLVW
VQDPH*LYHWKHWLWOHRIWKHDUWZRUNLQLWDOLFV3URYLGHWKHGDWHRI
FRPSRVLWLRQ,IWKHGDWHRIFRPSRVLWLRQLVXQNQRZQSODFHWKHDEEUHYLDWLRQQGLQSODFH
RIWKHGDWH1DPHWKHPHGLXPRIWKHSLHFHDQGILQDOO\SURYLGHWKHQDPHRIWKH
LQVWLWXWLRQWKDWKRXVHVWKHDUWZRUNIROORZHGE\WKHORFDWLRQRIWKHLQVWLWXWLRQ
*R\D)UDQFLVFR7KH)DPLO\RI&KDUOHV,92LORQFDQYDV0XVHRGHO3UDGR
0DGULG
)RUSKRWRJUDSKLFUHSURGXFWLRQVRIDUWZRUNHJLPDJHVRIDUWZRUNLQDERRNFLWHWKH
ELEOLRJUDSKLFLQIRUPDWLRQDVDERYHIROORZHGE\WKHLQIRUPDWLRQIRUWKHVRXUFHLQZKLFK
WKHSKRWRJUDSKDSSHDUVLQFOXGLQJSDJHRUUHIHUHQFHQXPEHUVSODWHILJXUHHWF
*R\D)UDQFLVFR7KH)DPLO\RI&KDUOHV,90XVHRGHO3UDGR0DGULG*DUGHQHU
V
$UW7KURXJKWKH$JHVWKHG%\5LFKDUG*7DQVH\DQG)UHG6.OHLQHU)RUW
:RUWK+DUFRXUW%UDFH3ULQW
)RUDUWZRUNLQDQRQOLQHIRUPDWFRQVXOW³$Q,PDJH,QFOXGLQJD3DLQWLQJ6FXOSWXUHRU
3KRWRJUDSK´E\IROORZLQJWKHOLQN:RUNV&LWHG(OHFWURQLF6RXUFHVDWWKHERWWRPRIWKLV
SDJH
)LOPVRU0RYLHV
/LVWILOPVLQWKHDWHUVRUQRW\HWRQ'9'RUYLGHRE\WKHLUWLWOH,QFOXGHWKHQDPHRIWKH
GLUHFWRUWKHILOPVWXGLRRUGLVWULEXWRUDQGWKHUHOHDVH\HDU,IUHOHYDQWOLVWSHUIRUPHU
QDPHVDIWHUWKHGLUHFWRU¶VQDPH8VHWKHDEEUHYLDWLRQSHUIWRKHDGWKHOLVW/LVWILOPDV
WKHPHGLXPRISXEOLFDWLRQ7RFLWHD'9'RURWKHUYLGHRUHFRUGLQJVHH³5HFRUGHG)LOPV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
DQG0RYLHV´EHORZ
7KH8VXDO6XVSHFWV'LU%U\DQ6LQJHU3HUI.HYLQ6SDFH\*DEULHO%\UQH&KD]]
3DOPLQWHUL6WHSKHQ%DOGZLQDQG%HQHFLRGHO7RUR3RO\JUDP)LOP
7RHPSKDVL]HVSHFLILFSHUIRUPHUVSHUIRUGLUHFWRUVGLUEHJLQWKHFLWDWLRQZLWKWKH
QDPHRIWKHGHVLUHGSHUIRUPHURUGLUHFWRUIROORZHGE\WKHDSSURSULDWHDEEUHYLDWLRQ
/XFDV*HRUJHGLU6WDU:DUV(SLVRGH,9$1HZ+RSH7ZHQWLHWK&HQWXU\)R[
)LOP
5HFRUGHG)LOPVRU0RYLHV
/LVWILOPVE\WKHLUWLWOH,QFOXGHWKHQDPHRIWKHGLUHFWRUWKHGLVWULEXWRUDQGWKHUHOHDVH
\HDU,IUHOHYDQWOLVWSHUIRUPHUQDPHVDIWHUWKHGLUHFWRU¶VQDPH8VHWKHDEEUHYLDWLRQSHUI
WRKHDGWKHOLVW(QGWKHHQWU\ZLWKWKHDSSURSULDWHPHGLXPRISXEOLFDWLRQHJ'9'
9+6/DVHUGLVF
(G:RRG'LU7LP%XUWRQ3HUI-RKQQ\'HSS0DUWLQ/DQGDX6DUDK-HVVLFD3DUNHU
3DWULFLD$UTXHWWH7RXFKVWRQH'9'
%URDGFDVW7HOHYLVLRQRU5DGLR3URJUDP
%HJLQZLWKWKHWLWOHRIWKHHSLVRGHLQTXRWDWLRQPDUNV3URYLGHWKHQDPHRIWKHVHULHVRU
SURJUDPLQLWDOLFV$OVRLQFOXGHWKHQHWZRUNQDPHFDOOOHWWHUVRIWKHVWDWLRQIROORZHGE\
WKHFLW\DQGWKHGDWHRIEURDGFDVW(QGZLWKWKHSXEOLFDWLRQPHGLXPHJ7HOHYLVLRQ
5DGLR)RUWHOHYLVLRQHSLVRGHVRQ9LGHRFDVVHWWHRU'9'UHIHUWRWKH³5HFRUGHG
7HOHYLVLRQ(SLVRGHV´VHFWLRQEHORZ
7KH%OHVVLQJ:D\7KH;)LOHV)R[:;,$$WODQWD-XO7HOHYLVLRQ
5HFRUGHG7HOHYLVLRQ(SLVRGHVHJ'9'9LGHRFDVVHWWH
&LWHUHFRUGHGWHOHYLVLRQHSLVRGHVOLNHILOPVVHHDERYH%HJLQZLWKWKHHSLVRGHQDPHLQ
TXRWDWLRQPDUNV)ROORZZLWKWKHVHULHVQDPHLQLWDOLFV:KHQWKHWLWOHRIWKHFROOHFWLRQRI
UHFRUGLQJVLVGLIIHUHQWWKDQWKHRULJLQDOVHULHVHJWKHVKRZ)ULHQGVLVLQ'9'UHOHDVH
XQGHUWKHWLWOH)ULHQGV7KH&RPSOHWH6L[WK6HDVRQOLVWWKHWLWOHWKDWZRXOGKHOS
UHVHDUFKHUVWRORFDWHWKHUHFRUGLQJ*LYHWKHGLVWULEXWRUQDPHIROORZHGE\WKHGDWHRI
GLVWULEXWLRQ(QGZLWKWKHPHGLXPRISXEOLFDWLRQHJ'9'9LGHRFDVVHWWH/DVHUGLVF
1RWH7KHZULWHUPD\FKRRVHWRLQFOXGHLQIRUPDWLRQDERXWGLUHFWRUVZULWHUVSHUIRUPHUV
SURGXFHUVEHWZHHQWKHWLWOHDQGWKHGLVWULEXWRUQDPH8VHDSSURSULDWHDEEUHYLDWLRQVIRU
WKHVHFRQWULEXWRUVHJGLUZULWSHUISURG
7KH2QH:KHUH&KDQGOHU&DQ
W&U\)ULHQGV7KH&RPSOHWH6L[WK6HDVRQ:ULW
$QGUHZ5HLFKDQG7HG&RKHQ'LU.HYLQ%ULJKW:DUQHU%URWKHUV'9'
6RXQG5HFRUGLQJV
/LVWVRXQGUHFRUGLQJVLQVXFKDZD\WKDWWKH\FDQHDVLO\EHIRXQGE\UHDGHUV*HQHUDOO\
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
FLWDWLRQVEHJLQZLWKWKHDUWLVWQDPH7KH\PLJKWDOVREHOLVWHGE\FRPSRVHUVFRPSRU
SHUIRUPHUVSHUI2WKHUZLVHOLVWFRPSRVHUDQGSHUIRUPHULQIRUPDWLRQDIWHUWKHDOEXP
WLWOH
8VHWKHDSSURSULDWHDEEUHYLDWLRQDIWHUWKHSHUVRQ¶VQDPHDQGDFRPPDZKHQQHHGHG3XW
LQGLYLGXDOVRQJWLWOHVLQTXRWDWLRQPDUNV$OEXPQDPHVDUHLWDOLFL]HG3URYLGHWKHQDPH
RIWKHUHFRUGLQJPDQXIDFWXUHUIROORZHGE\WKHSXEOLFDWLRQGDWHRUQGLIGDWHLV
XQNQRZQ/LVWWKHDSSURSULDWHPHGLXPDWWKHHQGRIWKHHQWU\HJ&'/3
$XGLRFDVVHWWH)RU03UHFRUGLQJVVHHWKH³'LJLWDO)LOHV´VHFWLRQEHORZ
1RWH,I\RXNQRZDQGGHVLUHWROLVWWKHUHFRUGLQJGDWHLQFOXGHWKLVLQIRUPDWLRQEHIRUHWKH
PDQXIDFWXUHUQDPH8VHWKHDEEUHYLDWLRQIRU³UHFRUGHG´5HFDQGOLVWWKHUHFRUGLQJGDWH
GGPP\HDUIRUPDWEHIRUHWKHPDQXIDFWXUHUQDPH
)RR)LJKWHUV,Q<RXU+RQRU5&$&'
1LUYDQD6PHOOV/LNH7HHQ6SLULW1HYHUPLQG*HIIHQ$XGLRFDVVHWWH
%HHWKRYHQ/XGZLJYDQ7KH6\PSKRQLHV3HUI1%&6\PSKRQ\2UFKHVWUD&RQG
$UWXUR7RVFDQLQL5&$&'
6SRNHQ:RUG$OEXPV
7UHDWVSRNHQZRUGDOEXPVWKHVDPHDVPXVLFDODOEXPV
+HGEHUJ0LWFK6WUDWHJLF*ULOO/RFDWLRQV&RPHG\&HQWUDO&'
'LJLWDO)LOHV3')V03V-3(*V
'HWHUPLQHWKHW\SHRIZRUNWRFLWHHJDUWLFOHLPDJHVRXQGUHFRUGLQJDQGFLWH
DSSURSULDWHO\(QGWKHHQWU\ZLWKWKHQDPHRIWKHGLJLWDOIRUPDWHJ3')-3(*ILOH
0LFURVRIW:RUGILOH03,IWKHZRUNGRHVQRWIROORZWUDGLWLRQDOSDUDPHWHUVIRUFLWDWLRQ
JLYHWKHDXWKRU¶VQDPHWKHQDPHRIWKHZRUNWKHGDWHRIFUHDWLRQDQGWKHPHGLXPRI
SXEOLFDWLRQ8VH'LJLWDOILOHZKHQWKHPHGLXPFDQQRWEHGHWHUPLQHG
%HHWKRYHQ/XGZLJYDQ0RRQOLJKW6RQDWD&URZQVWDU03
6PLWK*HRUJH³3D[$PHULFDQD6WULIHLQD7LPHRI3HDFH´0LFURVRIW:RUGILOH
&RXQFLORI:ULWLQJ3URJUDP$GPLQLVWUDWRUV1DWLRQDO&RXQFLORI7HDFKHUVRI(QJOLVK
DQG1DWLRQDO:ULWLQJ3URMHFW)UDPHZRUNIRU6XFFHVVLQ3RVWVHFRQGDU\:ULWLQJ
&:3$1&7(DQG1:33')ILOH
%HQWOH\3K\OOLV³<RUNVKLUHDQGWKH1RYHOLVW´7KH.HQ\RQ5HYLHZ
-67253')ILOH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$$GGLWLRQDO5HVRXUFHV
,W
VDOZD\VEHVWWRFRQVXOWWKHFXUUHQW0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVIRU
DQ\0/$TXHVWLRQ,I\RXDUHXVLQJ0/$VW\OHIRUDFODVVDVVLJQPHQWLW
VDOVRDJRRG
LGHDWRFRQVXOW\RXUSURIHVVRUDGYLVRU7$RURWKHUFDPSXVUHVRXUFHVIRUKHOS7KH\
UH
WKHRQHVZKRFDQWHOO\RXKRZWKHVW\OHVKRXOGDSSO\LQ\RXUSDUWLFXODUFDVH
)RUH[WUDRUGLQDU\TXHVWLRQVWKDWDUHQ
WFRYHUHGFOHDUO\LQWKHVW\OHPDQXDORUKDYHQ
WEHHQ
DQVZHUHGE\\RXUWHDFKHURUDGYLVRU\RXFDQPDNHDQDSSRLQWPHQWDWWKH:ULWLQJ/DEE\
FDOOLQJRUHPDLOXVDWWKLVIRUP
3ULQWUHVRXUFHVIURPWKHPRGHUQODQJXDJHDVVRFLDWLRQ
0/$0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUGHG,6%1
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHG,6%1
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$$EEUHYLDWLRQV
7KHUHDUHDIHZFRPPRQWUHQGVLQDEEUHYLDWLQJWKDW\RXVKRXOGIROORZZKHQXVLQJ0/$
WKRXJKWKHUHDUHDOZD\VH[FHSWLRQVWRWKHVHUXOHV)RUDFRPSOHWHOLVWRIFRPPRQ
DEEUHYLDWLRQVXVHGLQDFDGHPLFZULWLQJVHH&KDSWHURIWKH0/$+DQGERRNVIRU:ULWHUV
RI5HVHDUFK3DSHUVWKHGDQG&KDSWHURIWKH0/$6W\OH0DQXDODQG*XLGHWR
6FKRODUO\3XEOLVKLQJUGHG
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
7KLVJXLGHSURYLGHVRQO\DYHU\VPDOOSRUWLRQRIWKHDEEUHYLDWLRQVVXJJHVWHGE\0/$
(DFKVHFWLRQFURVVUHIHUHQFHVWKHDSSURSULDWHVHFWLRQVDQGSDJHQXPEHUVRIWKH0/$
+DQGERRNVIRU:ULWHUVRI5HVHDUFK3DSHUVDQGWKH0/$6W\OH0DQXDODQG*XLGHWR
6FKRODUO\3XEOLVKLQJ
8SSHUFDVHOHWWHUDEEUHYLDWLRQV
'RQRWXVHSHULRGVRUVSDFHVLQDEEUHYLDWLRQVFRPSRVHGVROHO\RIFDSLWDOOHWWHUVH[FHSWLQ
WKHFDVHRISURSHUQDPHV
860$&'+70/
3'-DPHV-557RONLHQ(%:KLWH
/RZHUFDVHOHWWHUDEEUHYLDWLRQV
8VHDSHULRGLIWKHDEEUHYLDWLRQHQGVLQDORZHUFDVHOHWWHUXQOHVVUHIHUULQJWRDQ,QWHUQHW
VXIIL[ZKHUHWKHSHULRGVKRXOGFRPHEHIRUHWKHDEEUHYLDWLRQ
DVVQFRQI(QJHVS
FRPHGXJRY85/VXIIL[HV
1RWH'HJUHHQDPHVDUHDQRWDEOHH[FHSWLRQWRWKHORZHUFDVHDEEUHYLDWLRQUXOH
3K'(G'3V\'
8VHSHULRGVEHWZHHQOHWWHUVZLWKRXWVSDFLQJLIHDFKOHWWHUUHSUHVHQWVDZRUGLQFRPPRQ
ORZHUFDVHDEEUHYLDWLRQV
DPHJLH
2WKHUQRWDEOHH[FHSWLRQV
PSKRVUSPQV
)RUPRUHRQXSSHUDQGORZHUFDVHOHWWHUDEEUHYLDWLRQGHVLJQDWLRQVVHH6HFWLRQ
,QWURGXFWLRQRIWKH0/$+DQGERRNVIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGRU
6HFWLRQ,QWURGXFWLRQRIWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\
3XEOLVKLQJUGHG
$EEUHYLDWLRQVLQFLWDWLRQV
&RQGHQVHFLWDWLRQVDVPXFKDVSRVVLEOHXVLQJDEEUHYLDWLRQV
7LPH'HVLJQDWLRQV
5HPHPEHUWRIROORZFRPPRQWUHQGVLQDEEUHYLDWLQJWLPHDQGORFDWLRQZLWKLQFLWDWLRQV
0RQWKQDPHVORQJHUWKDQIRXUOHWWHUVXVHGLQMRXUQDODQGPDJD]LQHFLWDWLRQV
-DQ6HSW1RY
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
)RUPRUHLQIRUPDWLRQRQWLPHGHVLJQDWLRQVVHH6HFWLRQ7LPH'HVLJQDWLRQVRI
WKH0/$+DQGERRNVIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGRU6HFWLRQ7LPH
'HVLJQDWLRQVRIWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUG
HG
*HRJUDSKLF1DPHV
8VHJHRJUDSKLFQDPHVRIVWDWHVDQGFRXQWULHV$EEUHYLDWHFRXQWU\SURYLQFHDQGVWDWH
QDPHV
/RJDQ870DQFKHVWHU(QJ6KHUEURRNH4&
)RUPRUHLQIRUPDWLRQRQWLPHGHVLJQDWLRQVVHH6HFWLRQ*HRJUDSKLF1DPHV
RIWKH0/$+DQGERRNVIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGRU6HFWLRQ
*HRJUDSKLF1DPHVRIWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\
3XEOLVKLQJUGHG
6FKRODUO\$EEUHYLDWLRQV
/LVWFRPPRQVFKRODUO\DEEUHYLDWLRQVDVWKH\DSSHDUEHORZ
DQRQIRUDQRQ\PRXV
FRUFDIRUFLUFD
FRPSIRUFRPSLOHU
IZGIRUIRUHZRUG
MRXUIRUMRXUQDO
OLEIRUOLEUDU\
VHFRUVHFWIRUVHFWLRQ
VHUIRUVHULHV
YDUIRUYDULDQW
ZULWIRUZULWWHQE\RUZULWHU
)RUPRUHLQIRUPDWLRQRQVFKRODUO\DEEUHYLDWLRQVVHH6HFWLRQ&RPPRQ6FKRODUO\
$EEUHYLDWLRQVDQG5HIHUHQFH:RUGVRIWKH0/$+DQGERRNVIRU:ULWHUVRI
5HVHDUFK3DSHUVWKHGRU6HFWLRQ&RPPRQ6FKRODUO\$EEUHYLDWLRQVDQG
5HIHUHQFH:RUGVRIWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJ
UGHG
3XEOLVKHU1DPHV
6KRUWHQSXEOLVKHU
VQDPHVDVPXFKDVSRVVLEOHLQERRNFLWDWLRQV<RXRQO\QHHGWR
SURYLGH\RXUUHDGHUVZLWKHQRXJKLQIRUPDWLRQIRUWKHPWRLGHQWLI\WKHSXEOLVKHU0DQ\
SXEOLVKHUVFDQEHLGHQWLILHGE\RQO\DFURQ\PVRUDVKRUWHQHGYHUVLRQRIWKHLUQDPHV
0/$VXJJHVWVDIHZUXOHVIRU\RXWRIROORZZKHQDEEUHYLDWLQJSXEOLVKHUV
2PLWDUWLFOHVEXVLQHVVDEEUHYLDWLRQVOLNH&RUSRU,QFDQGGHVFULSWLYHZRUGV
HJ3UHVV3XEOLVKHUV+RXVH
&LWHRQO\WKHODVWQDPHRIDSXEOLVKHUZLWKWKHQDPHRIRQHSHUVRQHJ1RUWRQIRU
::1RUWRQDQGRQO\WKHODVWQDPHRIWKHILUVWOLVWHGIRUDSXEOLVKHUZLWK
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
PXOWLSOHQDPHVHJ0F*UDZIRU0F*UDZ+LOO
8VHVWDQGDUGDEEUHYLDWLRQVZKHQSRVVLEOHHJ$VVQRU6RF
8VHWKHDFURQ\PRIWKHSXEOLVKHULIWKHFRPSDQ\LVFRPPRQO\NQRZE\WKDW
DEEUHYLDWLRQHJ0/$(5,&*32
8VHRQO\8DQG3ZKHQUHIHUULQJWRXQLYHUVLW\SUHVVHVHJ&DPEULGJH83RU8RI
&KLFDJR3
+HUHLVDVKRUWOLVWRISXEOLVKHUDEEUHYLDWLRQVWKDW\RXPLJKWXVH&RQVXOW&KDSWHURIWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVIRUDPRUHFRPSOHWHOLVW
$FDGIRU(GXF'HY$FDGHP\IRU(GXFDWLRQDO'HYHORSPHQW,QF
*DOH*DOH5HVHDUFK,QF
+DUSHU+DUSHUDQG5RZ3XEOLVKHUV,QF+DUSHU&ROOLQV3XEOLVKHUV,QF
/LWWOH/LWWOH%URZQDQG&RPSDQ\,QF
0,737KH0,73UHVV
1&7(7KH1DWLRQDO&RXQFLORI7HDFKHUVRI(QJOLVK
6,566RFLDO,VVXHV5HVRXUFHV6HULHV
80,8QLYHUVLW\0LFURILOPV,QWHUQDWLRQDO
)RUPRUHLQIRUPDWLRQRQSXEOLVKHUQDPHVVHH6HFWLRQ3XEOLVKHUV¶1DPHVRI
WKH0/$+DQGERRNVIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGRU6HFWLRQ3XEOLVKHUV¶
1DPHVRIWKH0/$6W\OH0DQXDODQG*XLGHWR6FKRODUO\3XEOLVKLQJUGHG
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$6DPSOH:RUNV&LWHG3DJH
7KLVKDQGRXWSURYLGHVDQH[DPSOHRID:RUNV&LWHGSDJHLQ0/$IRUPDW
:RUNV&LWHG
%OXHSULQW/D\V2XW&OHDU3DWKIRU&OLPDWH$FWLRQ(QYLURQPHQWDO'HIHQVH)XQG
(QYLURQPHQWDO'HIHQVH)XQG0D\:HE0D\
&OLQWRQ%LOO,QWHUYLHZE\$QGUHZ&5HYNLQ³&OLQWRQRQ&OLPDWH&KDQJH´1HZ<RUN
7LPHV1HZ<RUN7LPHV0D\:HE0D\
'HDQ&RUQHOLD([HFXWLYHRQD0LVVLRQ6DYLQJWKH3ODQHW1HZ<RUN7LPHV1HZ<RUN
7LPHV0D\:HE0D\
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
(EHUW5RJHU$Q,QFRQYHQLHQW7UXWK5HYRI$Q,QFRQYHQLHQW7UXWKGLU'DYLV
*XJJHQKHLPURJHUHEHUWFRP6XQ7LPHV1HZV*URXS-XQH:HE
0D\
*OREDO:DUPLQJRUJ&RROHU+HDGV&RDOLWLRQ:HE0D\
*RZG\-RKQ$YRLGLQJ6HOIRUJDQL]HG([WLQFWLRQ7RZDUGD&RHYROXWLRQDU\
(FRQRPLFVRI6XVWDLQDELOLW\,QWHUQDWLRQDO-RXUQDORI6XVWDLQDEOH'HYHORSPHQW
DQG:RUOG(FRORJ\3ULQW
$Q,QFRQYHQLHQW7UXWK'LU'DYLV*XJJHQKHLP3HUI$O*RUH%LOO\:HVW3DUDPRXQW
'9'
/HURX[0DUFHO*OREDO:DUPLQJ0\WK2U5HDOLW\"7KH(UULQJ:D\VRI&OLPDWRORJ\
1HZ<RUN6SULQJHU3ULQW
0LONHQ0LFKDHO*DU\%HFNHU0\URQ6FKROHVDQG'DQLHO.DKQHPDQ2Q*OREDO
:DUPLQJDQG)LQDQFLDO,PEDODQFHV1HZ3HUVSHFWLYHV4XDUWHUO\
3ULQW
1RUGKDXV:LOOLDP'$IWHU.\RWR$OWHUQDWLYH0HFKDQLVPVWR&RQWURO*OREDO
:DUPLQJ$PHULFDQ(FRQRPLF5HYLHZ3ULQW
*OREDO:DUPLQJ(FRQRPLFV6FLHQFH1RY6FLHQFH2QOLQH:HE
0D\
6KXOWH%UHW3XWWLQJD3ULFHRQ3ROOXWLRQ8VQHZVFRP861HZV:RUOG5HSW0D\
:HE0D\
8]DZD+LURIXPL(FRQRPLF7KHRU\DQG*OREDO:DUPLQJ&DPEULGJH&DPEULGJH83
3ULQW
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$6DPSOH3DSHU
7KLVUHVRXUFHFRQWDLQVDVDPSOH0/$SDSHUWKDWDGKHUHVWRWKHXSGDWHV7R
GRZQORDGWKH0/$VDPSOHSDSHUVHOHFWWKH0/$6DPSOH3DSHU3')ILOHLQWKH
0HGLDER[DERYH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$7DEOHV)LJXUHVDQG([DPSOHV
7KHSXUSRVHRIYLVXDOPDWHULDOVRURWKHULOOXVWUDWLRQVLVWRHQKDQFHWKHDXGLHQFH
V
XQGHUVWDQGLQJRILQIRUPDWLRQLQWKHGRFXPHQWDQGRUDZDUHQHVVRIDWRSLF:ULWHUVFDQ
HPEHGVHYHUDOW\SHVRIYLVXDOVXVLQJPRVWEDVLFZRUGSURFHVVLQJVRIWZDUHGLDJUDPV
PXVLFDOVFRUHVSKRWRJUDSKVRUIRUGRFXPHQWVWKDWZLOOEHUHDGHOHFWURQLFDOO\
DXGLRYLGHRDSSOLFDWLRQV
*HQHUDOJXLGHOLQHV
&ROOHFWVRXUFHV*DWKHUWKHVRXUFHLQIRUPDWLRQUHTXLUHGIRU0/$GRFXPHQWDWLRQ
IRUWKHVRXUFHPHGLXPRIWKHLOOXVWUDWLRQHJSULQW:HESRGFDVW
'HWHUPLQHZKDWW\SHVRILOOXVWUDWLRQVEHVWVXLW\RXUSXUSRVH&RQVLGHUWKH
SXUSRVHRIHDFKLOOXVWUDWLRQKRZLWFRQWULEXWHVWRWKHSXUSRVHRIWKHGRFXPHQWDQG
WKHUHDGHU
VXQGHUVWDQGLQJDQGZKHWKHURUQRWWKHDXGLHQFHZLOOEHDEOHWRYLHZ
DQGRUXQGHUVWDQGWKHLOOXVWUDWLRQHDVLO\
8VHLOOXVWUDWLRQVRIWKHEHVWTXDOLW\$YRLGEOXUU\SL[LODWHGRUGLVWRUWHGLPDJHV
IRUERWKSULQWDQGHOHFWURQLFGRFXPHQWV2IWHQSL[LODWLRQDQGGLVWRUWLRQRFFXUV
ZKHQZULWHUVPDQLSXODWHLPDJHVL]HV.HHSLPDJHVLQWKHLURULJLQDOVL]HVRUXVH
SKRWRHGLWLQJVRIWZDUHWRPRGLI\WKHP5HSURGXFHGLVWRUWHGJUDSKVWDEOHVRU
GLDJUDPVZLWKVSUHDGVKHHWRUSXEOLVKLQJVRIWZDUHEXWEHVXUHWRLQFOXGHDOOVRXUFH
LQIRUPDWLRQ$OZD\VUHSUHVHQWWKHRULJLQDOVRXUFHLQIRUPDWLRQIDLWKIXOO\DQGDYRLG
XQHWKLFDOSUDFWLFHVRIIDOVHUHSUHVHQWDWLRQRUPDQLSXODWLRQ
8VHLOOXVWUDWLRQVVSDULQJO\'HFLGHZKDWLWHPVFDQEHVWLPSURYHWKHGRFXPHQW
V
DELOLW\WRDXJPHQWUHDGHUV
XQGHUVWDQGLQJRIWKHLQIRUPDWLRQDSSUHFLDWLRQIRUWKH
VXEMHFWDQGRULOOXVWUDWLRQRIWKHPDLQSRLQWV'RQRWSURYLGHLOOXVWUDWLRQVIRU
LOOXVWUDWLRQV
VDNH6FUXWLQL]HLOOXVWUDWLRQVIRUKRZSRWHQWLDOO\LQIRUPDWLYHRU
SHUVXDVLYHWKH\FDQEH
'RQRWXVHLOOXVWUDWLRQVWRERRVWSDJHOHQJWK,QWKHFDVHRIVWXGHQWSDSHUV
LQVWUXFWRUVRIWHQGRQRWFRXQWWKHVSDFHWDNHQXSE\YLVXDODLGVWRZDUGWKHUHTXLUHG
SDJHOHQJWKRIWKHGRFXPHQW5HPHPEHUWKDWWH[WVH[SODLQZKLOHLOOXVWUDWLRQV
HQKDQFH,OOXVWUDWLRQVFDQQRWFDUU\WKHHQWLUHZHLJKWRIWKHGRFXPHQW
/DEHOVFDSWLRQVDQGVRXUFHLQIRUPDWLRQ
,OOXVWUDWLRQVDSSHDUGLUHFWO\HPEHGGHGLQWKHGRFXPHQWH[FHSWLQWKHFDVHRIPDQXVFULSWV
WKDWEHLQJSUHSDUHGIRUSXEOLFDWLRQ)RUSUHSDULQJPDQXVFULSWVZLWKYLVXDOPDWHULDOVIRU
SXEOLFDWLRQVHH1RWHRQ0DQXVFULSWVEHORZ(DFKLOOXVWUDWLRQPXVWLQFOXGHDODEHOD
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
QXPEHUDFDSWLRQDQGRUVRXUFHLQIRUPDWLRQ
7KHLOOXVWUDWLRQODEHODQGQXPEHUVKRXOGDOZD\VDSSHDULQWZRSODFHVWKH
GRFXPHQWPDLQWH[WHJVHHILJDQGQHDUWKHLOOXVWUDWLRQLWVHOI)LJ
&DSWLRQVSURYLGHWLWOHVRUH[SODQDWRU\QRWHV
6RXUFHLQIRUPDWLRQGRFXPHQWDWLRQZLOODOZD\VGHSHQGXSRQWKHPHGLXPRIWKH
VRXUFHLOOXVWUDWLRQ,I\RXSURYLGHVRXUFHLQIRUPDWLRQZLWKDOORI\RXULOOXVWUDWLRQV
\RXGRQRWQHHGWRSURYLGHWKLVLQIRUPDWLRQRQWKH:RUNV&LWHGSDJH
6RXUFHLQIRUPDWLRQDQGQRWHIRUP
)RUVRXUFHLQIRUPDWLRQ0/$OLVWVVRXUFHVLQQRWHIRUP7KHVHHQWULHVDSSHDUPXFKOLNH
VWDQGDUG0/$ELEOLRJUDSKLFHQWULHVZLWKDIHZH[FHSWLRQV
$XWKRUQDPHVDUHLQ)LUVWB1DPH²/DVWB1DPHIRUPDW
&RPPDVDUHVXEVWLWXWHGIRUSHULRGVH[FHSWLQWKHFDVHRIWKHSHULRGWKDWHQGVWKH
HQWU\
3XEOLFDWLRQLQIRUPDWLRQIRUERRNVORFDWLRQSXEOLVKHU\HDUDSSHDUVLQ
SDUHQWKHVHV
5HOHYDQWSDJHQXPEHUVIROORZWKHSXEOLFDWLRQLQIRUPDWLRQ
1RWH8VHVHPLFRORQVWRGHQRWHHQWU\VHFWLRQVZKHQORQJVHULHVRIFRPPDVPDNHWKHVH
VHFWLRQVGLIILFXOWWRDVFHUWDLQDVEHLQJOLNHRUVHSDUDWH6HHH[DPSOHVEHORZ7KH0/$
+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGLWLRQVWDWHVWKDWLIWKHWDEOHRULOOXVWUDWLRQ
FDSWLRQSURYLGHVFRPSOHWHFLWDWLRQLQIRUPDWLRQDERXWWKHVRXUFHDQGWKHVRXUFHLVQRW
FLWHGLQWKHWH[WDXWKRUVGRQRWQHHGWROLVWWKHVRXUFHLQWKH:RUNV&LWHGOLVW
([DPSOHV'RFXPHQWLQJVRXUFHLQIRUPDWLRQLQ1RWHIRUP
%RRN
7RP6KDFKWPDQ$EVROXWH=HURDQGWKH&RQTXHVWRI&ROG%RVWRQ+RXJKWRQ0LIIOLQ
3ULQW
:HEVLWHXVLQJVHPLFRORQVWRJURXSOLNHLQIRUPDWLRQWRJHWKHU
8QLWHG6WDWHV'HSWRI&RPPHUFH&HQVXV%XUHDX0DQXIDFWXULQJ0LQLQJDQG
&RQVWUXFWLRQ6WDWLVWLFV+RXVLQJ8QLWV$XWKRUL]HGE\%XLOGLQJ3HUPLWV86'HSW
RI&RPPHUFH)HE:HE'HFWDEOHD
,QWKLVH[DPSOHWKHFRPPDVLQ0DQXIDFWXULQJ0LQLQJDQG&RQVWUXFWLRQ6WDWLVWLFV
SURPSWWKHQHHGIRUVHPLFRORQVLQRUGHUIRUWKHVHULHVLQIRUPDWLRQWREHUHDGHDVLO\(YHQ
LI0DQXIDFWXULQJ0LQLQJDQG&RQVWUXFWLRQ6WDWLVWLFVKDGQRWDSSHDUHGLQWKHHQWU\WKH
PXOWLSOHDXWKRUQDPHVRI8QLWHG6WDWHV'HSWRI&RPPHUFHDQG&HQVXV%XUHDXZRXOG
KDYHQHFHVVLWDWHGWKHXVHRIDVHPLFRORQEHIRUHDQGDIWHUWKHWLWOHDQGEHWZHHQHQVXLQJ
VHFWLRQVWRWKHHQGRIWKHHQWU\
)XUWKHUPRUHWKHSXEOLVKHUDQGGDWHLQDVWDQGDUGHQWU\DUHVHSDUDWHGE\DFRPPDDQG
EHORQJWRJHWKHUWKXVWKHLULQFOXVLRQKHUH86'HSWRI&RPPHUFH)HEDOVR
QHFHVVLWDWHVWKHVHPLFRORQV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
0/$GRFXPHQWDWLRQIRUWDEOHVILJXUHVDQGH[DPSOHV
0/$SURYLGHVWKUHHGHVLJQDWLRQVIRUGRFXPHQWLOOXVWUDWLRQVWDEOHVILJXUHVDQGH[DPSOHV
VHHVSHFLILFVHFWLRQVEHORZ
7DEOHV
5HIHUWRWKHWDEOHDQGLWVFRUUHVSRQGLQJQXPHUDOLQWH[W'RQRWFDSLWDOL]HWKHZRUG
WDEOH7KLVLVW\SLFDOO\GRQHLQSDUHQWKHVHVHJVHHWDEOH
6LWXDWHWKHWDEOHQHDUWKHWH[WWRZKLFKLWUHODWHV
$OLJQWKHWDEOHIOXVKOHIWWRWKHPDUJLQ
/DEHOWKHWDEOH7DEOHDQGSURYLGHLWVFRUUHVSRQGLQJ$UDELFQXPHUDO1R
SXQFWXDWLRQLVQHFHVVDU\DIWHUWKHODEHODQGQXPEHUVHHH[DPSOHEHORZ
2QWKHQH[WOLQHSURYLGHDFDSWLRQIRUWKHWDEOHPRVWRIWHQWKHWDEOHWLWOH8VH
VWDQGDUGFDSLWDOL]DWLRQUXOHV
3ODFHWKHWDEOHEHORZWKHFDSWLRQIOXVKOHIWPDNLQJVXUHWRPDLQWDLQEDVLF0/$
VW\OHIRUPDWWLQJHJRQHLQFKPDUJLQV
%HORZWKHWLWOHVLJQDOWKHVRXUFHLQIRUPDWLRQZLWKWKHGHVFULSWRU6RXUFH
IROORZHGE\DFRORQWKHQSURYLGHWKHFRUUHFW0/$ELEOLRJUDSKLFLQIRUPDWLRQIRU
WKHVRXUFHLQQRWHIRUPVHHLQVWUXFWLRQVDQGH[DPSOHVDERYH8VHDKDQJLQJ
LQGHQWIRUOLQHVDIWHUWKHILUVW,I\RXSURYLGHVRXUFHLQIRUPDWLRQZLWK\RXU
LOOXVWUDWLRQV\RXGRQRWQHHGWRSURYLGHWKLVLQIRUPDWLRQRQWKH:RUNV&LWHGSDJH
,IDGGLWLRQDOFDSWLRQLQIRUPDWLRQRUH[SODQDWRU\QRWHVLVQHFHVVDU\XVHORZHUFDVH
OHWWHUVIRUPDWWHGLQVXSHUVFULSWLQWKHFDSWLRQLQIRUPDWLRQRUWDEOH%HORZWKH
VRXUFHLQIRUPDWLRQLQGHQWSURYLGHDFRUUHVSRQGLQJORZHUFDVHOHWWHUQRWLQ
VXSHUVFULSWDVSDFHDQGWKHQRWH
/DEHOVFDSWLRQVDQGQRWHVDUHGRXEOHVSDFHG
7DEOH([DPSOH
,QWH[WUHIHUHQFH
,QZRPHQDJHGDQGROGHUZHUHPRUHOLNHO\WKDQPHQRIWKHVDPHDJHWR
UHVLGHLQDQXUVLQJKRPHDQGWKRXJKOHVVZRPHQRIWKDWDJHJURXSZHUHHQUROOHG
LQPHQRYHUWKHVDPHWLPHSHULRGUDQJHGIURPWRSHUVRQVZKLOH
ZRPHQDFFRXQWHGIRUWRVHHWDEOH
7DEOHUHIHUHQFH
7DEOH
5DWHRIQXUVLQJKRPHUHVLGHQFHDPRQJSHRSOHDJHRUROGHUE\VH[DQGDJHJURXS
D
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
,PDJH&DSWLRQ([DPSOH7DEOH
6RXUFH)HGHUDO,QWHUDJHQF\)RUXPRQ$JLQJ5HODWHG6WDWLVWLFV2OGHU$PHULFDQV
.H\,QGLFDWRUVRI:HOO%HLQJ)HGHUDO,QWHUDJHQF\)RUXPRQ$JLQJ5HODWHG6WDWLVWLFV
0DU:HEWDEOH$
D1RWH5DWHVIRUDQGRYHUFDWHJRU\DUHDJHDGMXVWHGXVLQJWKHVWDQGDUG
SRSXODWLRQ%HJLQQLQJLQSRSXODWLRQILJXUHVDUHDGMXVWHGIRUQHWXQGHUHQXPHUDWLRQ
XVLQJWKH1DWLRQDO3RSXODWLRQ$GMXVWPHQW0DWUL[IURPWKH86&HQVXV%XUHDX
3HRSOHUHVLGLQJLQSHUVRQDOFDUHRUGRPLFLOLDU\FDUHKRPHVDUHH[FOXGHGIURPWKH
QXPHUDWRU
)LJXUHV
$OOYLVXDOVLOOXVWUDWLRQVWKDWDUHQRWWDEOHVRUPXVLFDOVFRUHH[DPSOHVHJPDSV
GLDJUDPVFKDUWVYLGHRVSRGFDVWVHWFDUHODEHOHG)LJXUHRU)LJ
5HIHUWRWKHILJXUHLQWH[WDQGSURYLGHDQ$UDELFQXPHUDOWKDWFRUUHVSRQGVWRWKH
ILJXUH'RQRWFDSLWDOL]HILJXUHRUILJ
0/$GRHVQRWVSHFLI\DOLJQPHQWUHTXLUHPHQWVIRUILJXUHVWKXVWKHVHLPDJHVPD\
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
EHHPEHGGHGDVWKHUHDGHUVHHVILW+RZHYHUFRQWLQXHWRIROORZEDVLF0/$6W\OH
IRUPDWWLQJHJRQHLQFKPDUJLQV
%HORZWKHILJXUHSURYLGHDODEHOQDPHDQGLWVFRUUHVSRQGLQJDUDELFQXPHUDOQR
EROGRULWDOLFVIROORZHGE\DSHULRGHJ)LJ+HUH)LJXUHDQG)LJDUH
FDSLWDOL]HG
%HJLQQLQJZLWKWKHVDPHOLQHDVWKHODEHODQGQXPEHUSURYLGHDWLWOHDQGRUFDSWLRQ
DVZHOODVUHOHYDQWVRXUFHLQIRUPDWLRQLQQRWHIRUPVHHLQVWUXFWLRQVDQGH[DPSOHV
DERYH,I\RXSURYLGHVRXUFHLQIRUPDWLRQZLWK\RXULOOXVWUDWLRQV\RXGRQRWQHHG
WRSURYLGHWKLVLQIRUPDWLRQRQWKH:RUNV&LWHGSDJH
)LJXUHV([DPSOH
,QWH[WUHIHUHQFH
6RPHUHDGHUVIRXQG+DUU\¶VILQDOEDWWOHZLWK9ROGHPRUWDGLVDSSRLQWPHQWDQGUHFHQWO\
WKHSRGFDVW0XJJOH&DVWGHEDWHGWKHVXEMHFWVHHILJ
)LJXUHFDSWLRQEHORZDQHPEHGGHGSRGFDVWILOHIRUDGRFXPHQWWREHYLHZHG
HOHFWURQLFDOO\
)LJ+DUU\3RWWHUDQG9ROGHPRUWILQDOEDWWOHGHEDWHIURP$QGUHZ6LPVHWDO³6KRZ
´0XJJOH&DVW0XJJOH1HWFRP'HF:HE'HF
([DPSOHV
7KHGHVFULSWRU([DPSOHRQO\UHIHUVWRPXVLFDOLOOXVWUDWLRQVHJSRUWLRQVRID
PXVLFDOVFRUH([DPSOHLVRIWHQDEEUHYLDWHG([
5HIHUWRWKHH[DPSOHLQWH[WDQGSURYLGHDQ$UDELFQXPHUDOWKDWFRUUHVSRQGVWRWKH
H[DPSOH'RQRWFDSLWDOL]HH[DPSOHRUH[
6XSSO\WKHLOOXVWUDWLRQPDNLQJVXUHWRPDLQWDLQEDVLF0/$6W\OHIRUPDWWLQJHJ
RQHLQFKPDUJLQV
%HORZWKHH[DPSOHSURYLGHWKHODEHOFDSLWDOL]HG([DPSOHRU([DQGQXPEHUDQG
DFDSWLRQRUWLWOH7KHFDSWLRQRUWLWOHZLOORIWHQWDNHWKHIRUPRIVRXUFHLQIRUPDWLRQ
DORQJZLWKDQH[SODQDWLRQIRUH[DPSOHRIZKDWSDUWRIWKHVFRUHLVEHLQJ
LOOXVWUDWHG,I\RXSURYLGHVRXUFHLQIRUPDWLRQZLWK\RXULOOXVWUDWLRQV\RXGRQRW
QHHGWRSURYLGHWKLVLQIRUPDWLRQRQWKH:RUNV&LWHGSDJH
1RWHRQPDQXVFULSWV
'RQRWHPEHGLOOXVWUDWLRQVWDEOHVILJXUHVRUH[DPSOHVLQPDQXVFULSWVIRUSXEOLFDWLRQ
3XWSODFHKROGHUVLQWKHWH[WWRVKRZZKHUHWKHLOOXVWUDWLRQVZLOOJR7\SHWKHVH
SODFHKROGHUVRQWKHLURZQOLQHIOXVKOHIWDQGEUDFNHWHGHJ>WDEOH@$WWKHHQGRIWKH
GRFXPHQWSURYLGHODEHOQXPEHUFDSWLRQDQGVRXUFHLQIRUPDWLRQLQDQRUJDQL]HGOLVW
6HQGILOHVIRULOOXVWUDWLRQVLQWKHDSSURSULDWHIRUPDWWR\RXUHGLWRUVHSDUDWHO\,I\RX
SURYLGHVRXUFHLQIRUPDWLRQZLWK\RXULOOXVWUDWLRQV\RXGRQRWQHHGWRSURYLGHWKLV
LQIRUPDWLRQRQWKH:RUNV&LWHGSDJH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$3RZHU3RLQW3UHVHQWDWLRQ
6HOHFWWKH0/$3RZHU3RLQW3UHVHQWDWLRQOLQNLQWKH0HGLDER[DERYHWRGRZQORDGVOLGHV
WKDWSURYLGHDGHWDLOHGUHYLHZRIWKH0/$FLWDWLRQVW\OH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$8QGHUJUDGXDWH6DPSOH3DSHU
7KLVUHVRXUFHFRQWDLQVDQXQGHUJUDGXDWHVDPSOH0/$SDSHUWKDWDGKHUHVWRWKH
XSGDWHV6HOHFWWKH8QGHUJUDGXDWH0/$6DPSOH3DSHU3')ILOHLQWKH0HGLDER[
DERYH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$&ODVVURRP3RVWHU
7KH0/$SRVWHUDWWKHOLQNEHORZLVDSULQWDEOHMSJILOH\RXPD\GRZQORDGDQGSULQWRXW
DWGLIIHUHQWVL]HVIRUXVHLQFODVVURRPVZULWLQJFHQWHUVRUDVDSRFNHWUHIHUHQFH3OHDVH
NHHSLQPLQGWKDWWKHILOHVL]HDVDSULQWTXDOLW\UHVRXUFHGSLLVODUJHVRLWPD\
WDNHDZKLOHWRGRZQORDG<RXPD\DGMXVWWKHSULQWVL]HRIWKHSRVWHUIURP\RXUSULQW
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
PHQX$VLVWKHSRVWHULV[LQFKHV
%HFDXVHWKHSRVWHULVTXLWHODUJHVWDQGDUGSULQWHUVFDQQRWSULQWWKHSRVWHU,I\RXGRQRW
KDYHDFFHVVWRDSULQWHUWKDWFDQSULQWODUJHGRFXPHQWVFRQWDFWDORFDOSULQWVKRSWRSULQW
WKHSRVWHU7KH3XUGXH2:/FDQQRWJUDQWUHTXHVWVWRSULQWDQGPDLOSRVWHUV
,I\RXGRQRWKDYHDFFHVVWRDSULQWVKRSWRSULQWWKHSRVWHUSOHDVHXVHWKHUHVRXUFHVZH
KDYHDYDLODEOHKHUHIRUSULQWLQJRQVWDQGDUG[LQFKSDSHU*RWRUHVRXUFH\RX
ZRXOGOLNHWRSULQWVFUROOGRZQWRWKHERWWRPRIWKHSDJHDQGFOLFN)XOO5HVRXUFHIRU
3ULQWLQJ
$OVRSOHDVHQRWHWKDWWKHSRVWHURQO\FRQWDLQVEDVLF0/$JXLGHOLQHV)RUGHWDLOHG
LQVWUXFWLRQVSOHDVHVHHWKHFRPSOHWH2:/0/$UHVRXUFHVKHUH
7KH3XUGXH2:/0/$&ODVVURRP3RVWHUZDVGHYHORSHGE\.DWH%RXZHQVIRUWKH
3XUGXH3URIHVVLRQDO:ULWLQJ3XUGXH2:/,QWHUQVKLSFODVV(QJOLVKLQVSULQJ
3XUGXH2:/0/$&ODVVURRP3RVWHU3OHDVHQRWH7KHSRVWHULVEHVWYLHZHGLQ
)LUHIR[
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
2:/0DLO0/$)$4V
7KHIROORZ)$4VDGGUHVVLVVXHVLQ0/$FLWDWLRQDQGRUIRUPDWWLQJ7KHHQWULHVLQWKLV
VHFWLRQDUHEDVHGRQIUHTXHQWO\DVNHGTXHVWLRQVUHFHLYHGE\RXU2:/0DLO7XWRUV:H
HQFRXUDJH\RXWRVFDQWKURXJKWKHVHEHIRUH\RXVHQG\RXU0/$UHODWHGTXHVWLRQVLQWR
2:/0DLO,I\RX
UHTXHVWLRQLVQRWDQVZHUHGLQRXUPDLQ0/$UHVRXUFHQRULWLVIRXQG
LQWKLV)$4\RXPD\FRQWDFWWKH2:/0DLO7XWRUVE\FOLFNLQJKHUH$OVRIXUWKHU
LQIRUPDWLRQRQ0/$VW\OHDQGFLWDWLRQFDQEHIRXQGDWWKH3XUGXH2:/¶V0/$6W\OH
DQG)RUPDWWLQJUHVRXUFH
,KDYHWRZULWHDSDSHULQ0/$IRUPDW:KHUHFDQ,OHDUQPRUHDERXW
ZULWLQJLQ0/$"
7KH3XUGXH2:/PDLQWDLQVDUDWKHUH[WHQVLYHUHVRXUFHWKDWGHDOVZLWKZULWLQJLQ0/$
VW\OH<RXFDQDFFHVVRXU0/$UHVRXUFHVE\FOLFNLQJKHUH
+RZGR,XVH0/$FLWDWLRQVDQGZRUNVFLWHGLQD3RZHU3RLQW
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
SUHVHQWDWLRQ"
8QIRUWXQDWHO\WKH0/$GRHVQRWGLUHFWO\DGGUHVVWKLVLVVXH<RXFRXOGIROORZWKH
JXLGHOLQHVIRULQWH[WFLWDWLRQLQDGRFXPHQWLQ\RXU3RZHU3RLQWSUHVHQWDWLRQ<RXFRXOG
WKHQSURYLGHDVHSDUDWH:RUNV&LWHGVOLGHDWWKHHQGRIWKH3RZHU3RLQWGHFN+RZHYHULI
\RXIHHOWKDWWKHDXGLHQFHZRXOGQRWJDLQDVPXFKIURPDVHSDUDWH:RUNV&LWHGVOLGH\RX
FRXOGDOZD\VSURYLGHWKHIXOO:RUNV&LWHGHQWU\DWWKHERWWRPRIWKHUHOHYDQWVOLGHV
+RZGR,FLWHOHWWHUVRUHPDLO3HUVRQDO&RPPXQLFDWLRQLQ0/$"
/HWWHUVIDOOXQGHUWKH0/$¶VJXLGHOLQHVIRUSHUVRQDOFRPPXQLFDWLRQZKLFKDUHDV
IROORZV
$XWKRU¶V/DVW1DPH$XWKRU¶V)LUVW1DPH/HWWHUWRWKHDXWKRU'DWHRI/HWWHU
7KH0/$+DQGERRNIRU:ULWHUVRI5HVHDUFKSDSHUVUHTXLUHVWKDW\RXSXW³76´$IWHUWKH
GDWHRIWKHOHWWHULILWLVDW\SHGOHWWHU
,QWH[W\RXVKRXOGGLIIHUHQWLDWHEHWZHHQWKHOHWWHUVLI\RXKDYHQXPHURXVXQWLWOHGOHWWHUV
IURPWKHVDPHDXWKRU$OWKRXJKWKH0/$KDVQRJXLGHOLQHVIRUWKLVZHVXJJHVWLQFOXGLQJ
WKHGDWHLQWKHVHQWHQFHUHIHUULQJWRWKHOHWWHU)RUH[DPSOH
,QWKHOHWWHUGDWHG'HFHPEHUKHZULWHV³«LWLVFROGRXWVLGH´6PLWK
+RZGR,FLWHDQXQSXEOLVKHGPDQXVFULSWGRFXPHQWLQ0/$"
7KHIROORZLQJLVIURPSDJHRIWKH0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUV
WKHGLWLRQ
$XWKRU7LWOHRI0DQXVFULSW'RFXPHQWGDWHRIFRPSRVLWLRQDWOHDVW\HDULIXQNQRZQ
ZULWH1GIRUPRIPDWHULDO06IRUPDQXVFULSWRUZRUNZULWWHQE\KDQG76IRUD
W\SHVFULSWRUZRUNSUHSDUHGE\PDFKLQHDORQJZLWKWKHQDPHDQGORFDWLRQRIWKHOLEUDU\
UHVHDUFKLQVWLWXWLRQRUSHUVRQDOFROOHFWLRQKRXVLQJWKHPDWHULDO
+HUH¶VDQH[DPSOHWKH\SURYLGH
+HQGHUVRQ*HRUJH:\OLH%DE\/RXDQGWKH$QJHO%XG1G76&ROOHFWLRQRI5RVO\Q
.LUNODQG$OOHQ1HZ<RUN
,KDYHEHHQUHDGLQJERRNVRQP\.LQGOHRU.LQGOHHQDEOHGGHYLFH
KRZGR,FLWH.LQGOHERRNVLQ0/$"
7KLVLVDYHU\LQWHUHVWLQJTXHVWLRQDQGRQHWKDWLVUHFHLYLQJDJUHDWGHDORIDWWHQWLRQLQ
EORJVDQGRQOLQHIRUXPV7KHPRVWUHFHQWYHUVLRQRIWKH0/$+DQGERRNIRU:ULWHUVRI
5HVHDUFK3DSHUVGRHVQRWGLUHFWO\DGGUHVVWKHFLWDWLRQRI.LQGOHERRNV+RZHYHULWGRHV
FRYHUFLWLQJGLJLWDOILOHVWKDWH[LVWVHSDUDWHIURPWKHZHEVHHVHFWLRQ7KLVVHFWLRQ
H[SODLQVWKDWWRFLWHVXFKVRXUFHVLQWKH:RUNV&LWHGSDJH\RXVKRXOGILUVWGHWHUPLQHWKH
NLQGRIZRUN\RXDUHFLWLQJDQGIROORZWKHUHOHYDQWJXLGHOLQHVIRUWKDWIRUPDW
7KHQLQWKHSODFHIRUWKHSXEOLFDWLRQPHGLXP\RXVKRXOGLQVHUWWKHILOHIRUPDWIROORZHG
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
E\WKHZRUGILOH
,QWKHFDVHRIWKH.LQGOH,ZRXOGVXJJHVWXVLQJWKHIROORZLQJ³.LQGOHILOH´RU³.LQGOH
$=:ILOH´8VHWKHODWWHULI\RXNQRZWKHPRUHVSHFLILFILOHW\SH)RUDQH[DPSOHVHHWKH
ERRNFLWDWLRQVDPSOHEHORZ
$XWKRU/DVWQDPH$XWKRU)LUVWQDPH7LWOHRI%RRN3ODFHRI3XEOLFDWLRQ3XEOLVKHU<HDU
RI3XEOLFDWLRQ.LQGOH$=:ILOH
:KLOHWKH.LQGOHKDVUHFHQWO\GHSOR\HGSDJHQXPEHUVLQWKHLUWH[WVWKH0/$KDV\HWWR
IRUPDOO\LQFOXGHKRZWRKDQGOHWKLVLQWKHLUKDQGERRN+RZHYHUDUHFHQWO\HQWU\LQWKH
RQOLQHKDQGERRN)$4GRHVRIIHUWKHVXJJHVWLRQWRDYRLGXVLQJWKHSDJHQXPEHUV
SURYLGHGE\HUHDGHUV7KHIXOO)$4FDQEHUHDGKHUH
+RZGR,FLWHDERRNWKDW,DFFHVVHGRQOLQHLQ0/$"
7KHIROORZLQJLQIRUPDWLRQFRPHVIURPSDJHRIWKH0/$+DQGERRNIRU:ULWHUVRI
5HVHDUFK3DSHUV,I\RXDUHFLWLQJDZRUNRQWKH:HEWKDWKDVDSUHYLRXVRUFRQFXUUHQW
SXEOLFDWLRQLQSULQW\RXUFLWDWLRQVKRXOGLQFOXGHWKHIROORZLQJ
%HJLQWKHHQWU\DV\RXZRXOGDQ\ERRNFLWHG$XWKRU/DVW1DPH)LUVW
QDPH7LWOHRI%RRN/RFDWLRQRISXEOLVKHU1DPHRISXEOLVKHU\HDURI
SXEOLFDWLRQ
)RUPRUHLQIRUPDWLRQRQWKLVIURPWKH3XUGXH2:/SOHDVHFOLFNKHUH
)ROORZWKHDERYHZLWKWKHWLWOHRIWKHGDWDEDVHRU:HEVLWHLQLWDOLFV
ZKHUHWKHERRNLVKRVWHG
,QFOXGHWKHPHGLXPRIWKHSXEOLFDWLRQFRQVXOWHG:HE
,QFOXGHWKHGDWHVRIDFFHVV''0WK<<<<
7KHIROORZLQJLVDQH[DPSOHIURPWKH0/$+DQGERRN
&DVFDUGL$QWKRQ\-,GHRORJLHVRI+LVWRU\LQWKH6SDQLVK*ROGHQ$JH
8QLYHUVLW\3DUN3HQQV\OYDQLD6WDWH833HQQV\OYDQLD6WDWH5RPDQFH6WXGLHV
:HE0DU
+RZGR,FLWHDGHILQLWLRQIURPDQRQOLQHGLFWLRQDU\OLNH
'LFWLRQDU\FRPLQ0/$"
7KHFRUUHFWFLWDWLRQIRUDGHILQLWLRQIURPDQRQOLQHGLFWLRQDU\'LFWLRQDU\FRPVKRXOG
LQFOXGHERWKWKHRULJLQDOVRXUFHWKHGHILQLWLRQFRPHVIURPDQGWKHLQIRUPDWLRQIRUWKH
ZHEDFFHVV
)RULQVWDQFHDSURSHUFLWDWLRQVKRXOGORRNOLNHWKLV
3HUFKORULFDFLG7KH$PHULFDQ+HULWDJHŠ6WHGPDQ¶V0HGLFDO'LFWLRQDU\%RVWRQ
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
+RXJKWRQ0LIIOLQ&RPSDQ\'LFWLRQDU\FRP:HE'HF
+RZGR,FLWHVRPHWKLQJWKDWDSSHDUHGDVDIRRWQRWHLQRQHRIP\VRXUFH
WH[WVLQ0/$"
7RFLWHDIRRWQRWHIURPDZRUNLQ\RXUWH[WDFFRUGLQJWRWKHWKHGLWLRQRIWKH0/$
+DQGERRN\RXZRXOGXVHWKHIROORZLQJIRUPDW
$XWKRU3DJHQ1RWH
)RUH[DPSOH
6PLWKQ
7KHSDJHQXPEHULVIROORZHG²ZLWKQRVSDFHLQEHWZHHQ²E\DQ³Q´WRLQGLFDWH³QRWH´
ZKLFKLVIROORZHG²DJDLQZLWKQRVSDFHLQEHWZHHQ²E\WKHQRWHQXPEHU7RFLWH
PXOWLSOHQRWHVXVH³QQ´UDWKHUWKDQ³Q´
+RZGR,FLWHWKH86&RQVWLWXWLRQLQ0/$"
7KHWKHGLWLRQRIWKH0/$KDQGERRNKDVWKLVWRVD\DERXWFLWLQJWKH86&RQVWLWXWLRQ
,QJHQHUDOGRQRWLWDOLFL]HRUHQFORVHLQTXRWDWLRQPDUNVWKHWLWOHRIODZVDFWVDQG
VLPLODUGRFXPHQWVLQHLWKHUWKHWH[WRUWKHOLVWRIZRUNVFLWHG'HFODUDWLRQRI
,QGHSHQGHQFH&RQVWLWXWLRQRIWKH8QLWHG6WDWHV7DIW+DUWOH\$FW6XFKWLWOHVDUHXVXDOO\
DEEUHYLDWHGDQGWKHZRUNVDUHFLWHGE\VHFWLRQV7KH\HDUVDUHDGGHGLIUHOHYDQW
%HFDXVHWKHVHGLUHFWLYHVDUHQ¶WYHU\VSHFLILF\RXFDQXVHWKHIROORZLQJH[DPSOHDVD
JXLGHIRUWKH:RUNV&LWHGHQWU\
86&RQVWLWXWLRQ$UW$PHQG;,,6HF
<RXQHHGRQO\SURYLGHHLWKHUWKHDUWLFOHQXPEHURUWKHDPHQGPHQWQXPEHUDV
DSSURSULDWH
7KHFRPSOHPHQWDU\SDUHQWKHWLFDOFLWDWLRQLVZULWWHQDV86&RQVWDPHQG;,,VHF
<RXPLJKWDOVRUHIHUHQFHWKH86&RQVWLWXWLRQLQWKHVHQWHQFHLWVHOIDQGRQO\SURYLGHWKH
DPHQGPHQWDQGVHFWLRQQXPEHULQWKHSDUHQWKHVHVDWWKHHQGRIWKHVHQWHQFH
+RZGR,FLWHJHQHDORJLHVDQGELUWKGHDWKFHUWLILFDWHVLQ0/$"
7KLVLVDYHU\SDUWLFXODUDQGDYHU\SHFXOLDUFDVH0/$GRHVQRWRIIHUDQ\JXLGHOLQHVRQ
KRZWRKDQGOHJHQHDORJLHVDQGELUWKFHUWLILFDWHV+RZHYHUDIWHUVHDUFKLQJWKURXJKZHE
ZHKDYHIRXQGWKHIROORZLQJUHVRXUFHVWKDWPLJKWEHXVHIXOWR\RX
*HQHDORJ\FRPRIIHUVDPHWKRGRIFLWLQJELUWKGHDWKFHUWLILFDWHV&OLFNKHUHDQGVFUROO
GRZQWR³2IILFLDO5HFRUGV´
:HDOVRIRXQGWKHIROORZLQJLQIRUPDWLRQSXEOLVKHGE\$UFKLYHJRYZKLFK\RXFDQDFFHVV
E\FOLFNLQJKHUH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
+RZGR,FLWHLQIRUPDWLRQIURPQXWULWLRQ/DEHOV"&DQ,MXVWXVHWKH
ODEHORQWKHIRRGLWHP"2UVKRXOG,WU\WRILQGWKHLQIRUPDWLRQ
HOVHZKHUH"
3DUWRIWKHUHDVRQIRUFLWLQJWKLQJVLQUHVHDUFKSDSHUVLVWRKHOSEXLOGRXUFUHGLELOLW\²
RXUHWKRV²DVZULWHUVDQGJLYHWKHUHDGHUWKHVRFDOOHG³NH\IHDWXUHV´RIWKHVRXUFHV
WKDWZHDUHXVLQJ7RWKDWHQGLWZRXOGEHEHVWWRWU\DQGILQGWKHQXWULWLRQLQIRUPDWLRQ
VRPHZKHUHPRUHVWDEOHWKDQWKHDFWXDOLWHPWKDWLVVLWWLQJLQ\RXUFXSERDUG)RUH[DPSOH
GRQ
WFLWHWKHQXWULWLRQLQIRUPDWLRQIRUDFKHHVHEXUJHURIIRIWKHZUDSSHUWKHFKHHVHEXUJHU
FDPHLQ5DWKHUJRWRWKHZHEVLWHRIWKHFRPSDQ\WKDWVROGWKHFKHHVHEXUJHUDQGWU\WR
ILQGWKHLQIRUPDWLRQWKHUH
+RZHYHULIWKLVFDQQRWEHGRQHLWPD\EHSRVVLEOHWRFLWHWKHQXWULWLRQODEHOLQWKH
IROORZLQJZD\
&RUSRUDWH$XWKRU³1XWULWLRQ/DEHORIQDPHRISURGXFW´&LW\6WDWHRI0DQXIDFWXUH
<HDU
)RUH[DPSOH
.UDIWIRRGV³1XWULWLRQ/DEHORI.UDIW0DFDURQLDQG&KHHVH´%DQEXU\8.
+RZGR,FLWHDQLQIRUPDWLRQDOSODTXHRUDQLQIRUPDWLRQFDUGLQ0/$"
7KH0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGLWLRQVSHFLILHVDNLQG
RIVWDQGDUGWHPSODWHZKLFKZHZLOOXVHDVWKHEDVLVIURPZKLFKZHFDQH[WUDSRODWH\RXU
FLWDWLRQ<RXVKRXOGLQFOXGHDVPXFKRIWKHIROORZLQJLQIRUPDWLRQDVSRVVLEOHDERXWWKH
LQIRUPDWLRQFDUG
1DPHRIWKH0XVHXP%XLOGLQJ/RFDWLRQDVD&RUSRUDWH$XWKRU7LWOHRIWKH
,QIRUPDWLRQ&DUG/RFDWLRQRIWKH0XVHXP%XLOGLQJ/RFDWLRQ1DPHRIWKH
0XVHXP%XLOGLQJ/RFDWLRQQRZDVSXEOLVKHU<HDUZKHQWKHH[KLELWEXLOGLQJRU
DUWLIDFWZDVSXWXS0HGLXPLQWKLVFDVHVRPHWKLQJOLNHSDPSKOHWSODTXHRU
LQIRUPDWLRQEURFKXUH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$%LEOLRJUDSK\+DQGRXWV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$&ODVVURRP0LQLSRVWHUV
7KLVUHVRXUFHFRQWDLQVOLQNVWRFODVVURRPPLQLSRVWHUVWKDWDGGUHVVVHOHFWHGWRSLFVLQ
0/$&XUUHQWO\ZHKDYHSRVWHUVWKDWH[SODLQFLWLQJRQOLQHMRXUQDOVDQGMRXUQDODUWLFOHV
DFFHVVHGIURPDQLQVLWXWLRQDOGDWDEDVH2XUSRVWHUVDUHDYDLODEOHLQWZRVL]HV[
LQFKHVDQG[3OHDVHFOLFNWKHDSSURSULDWHOLQNVWRGRZQORDGWKHSRVWHURI\RXU
FKRVLQJ
&LWLQJ2QOLQH-RXUQDOV0LQLSRVWHU
7KH[SRVWHUFDQEHIRXQGKHUH
7KH[SRVWHUFDQEHIRXQGKHUH
&LWLQJ-RXUQDOVIURPDQ,QVWLWXWLRQDO'DWDEDVH
7KH[SRVWHUFDQEHIRXQGKHUH
7KH[SRVWHUFDQEHIRXQGKHUH
&RQWULEXWRUV7RQ\5XVVHOO$OOHQ%UL]HH(OL]DEHWK$QJHOL5XVVHOO.HFN-RVKXD0
3DL]0LFKHOOH&DPSEHOO5RGULJR5RGUtJXH])XHQWHV'DQLHO3.HQ]LH3XUGXH2:/
6WDII
6XPPDU\
0/$0RGHUQ/DQJXDJH$VVRFLDWLRQVW\OHLVPRVWFRPPRQO\XVHGWRZULWHSDSHUVDQG
FLWHVRXUFHVZLWKLQWKHOLEHUDODUWVDQGKXPDQLWLHV7KLVUHVRXUFHXSGDWHGWRUHIOHFWWKH
0/$+DQGERRNIRU:ULWHUVRI5HVHDUFK3DSHUVWKHGDQGWKH0/$6W\OH0DQXDODQG
*XLGHWR6FKRODUO\3XEOLVKLQJUGHGRIIHUVH[DPSOHVIRUWKHJHQHUDOIRUPDWRI0/$
UHVHDUFKSDSHUVLQWH[WFLWDWLRQVHQGQRWHVIRRWQRWHVDQGWKH:RUNV&LWHGSDJH
0/$&ODVVURRP0LQLSRVWHUV
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW
3XUGXH2:/
&RS\ULJKW‹E\7KH:ULWLQJ/DE7KH2:/DW3XUGXHDQG3XUGXH8QLYHUVLW\$OOULJKWV
UHVHUYHG7KLVPDWHULDOPD\QRWEHSXEOLVKHGUHSURGXFHGEURDGFDVWUHZULWWHQRUUHGLVWULEXWHGZLWKRXW
SHUPLVVLRQ8VHRIWKLVVLWHFRQVWLWXWHVDFFHSWDQFHRIRXUWHUPVDQGFRQGLWLRQVRIIDLUXVH
KWWSVRZOHQJOLVKSXUGXHHGXRZORZOSULQW