NFPA 350

1. ’
2*4%
)RXV]ERH;SVO
'ST]VMKLX2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR 2*4% 0MGIRWIHF]EKVIIQIRXJSVMRHMZMHYEPYWIERHHS[RPSEHSR.ERYEV]XS67MRKIV2SSXLIVVITVSHYGXMSRSVXVERWQMWWMSRMRER]JSVQTIVQMXXIH[MXLSYX[VMXXIR
TIVQMWWMSRSJ2*4%*SVMRUYMVIWSVXSVITSVXYREYXLSVM^IHYWIGSRXEGXPMGIRWMRK$RJTESVK

2. -72 4VMRX
-72 4(*
-14368%28238-')7%2((-7'0%-1)67'32')62-2+2*4%’
78%2(%6(7
238-')%2((-7'0%-1)63*0-%-0-8='32')62-2+8,)97)3*2*4%78%2(%6(7
2*4%’
GSHIWWXERHEVHWVIGSQQIRHIHTVEGXMGIWERHKYMHIW w2*4%7XERHEVHWx SJ[LMGLXLI
HSGYQIRXGSRXEMRIHLIVIMRMWSRIEVIHIZIPSTIHXLVSYKLEGSRWIRWYWWXERHEVHWHIZIPSTQIRXTVSGIWW
ETTVSZIHF]XLI%QIVMGER2EXMSREP7XERHEVHW-RWXMXYXI8LMWTVSGIWWFVMRKWXSKIXLIVZSPYRXIIVW
2*4%EHQMRMWXIVWXLITVSGIWWERHIWXEFPMWLIWVYPIWXSTVSQSXIJEMVRIWWMRXLIHIZIPSTQIRXSJGSRWIRWYW
MXHSIWRSXMRHITIRHIRXP]XIWXIZEPYEXISVZIVMJ]XLIEGGYVEG]SJER]MRJSVQEXMSRSVXLIWSYRHRIWWSJER]
NYHKQIRXWGSRXEMRIHMR2*4%7XERHEVHW
8LI2*4%HMWGPEMQWPMEFMPMX]JSVER]TIVWSREPMRNYV]TVSTIVX]SVSXLIVHEQEKIWSJER]REXYVI[LEXWSIZIV
[LIXLIVWTIGMEPMRHMVIGXGSRWIUYIRXMEPSVGSQTIRWEXSV]HMVIGXP]SVMRHMVIGXP]VIWYPXMRKJVSQXLI
TYFPMGEXMSRYWISJSVVIPMERGISR2*4%7XERHEVHW8LI2*4%EPWSQEOIWRSKYEVERX]SV[EVVERX]EWXS
XLIEGGYVEG]SVGSQTPIXIRIWWSJER]MRJSVQEXMSRTYFPMWLIHLIVIMR
-RMWWYMRKERHQEOMRK2*4%7XERHEVHWEZEMPEFPIXLI2*4%MWRSXYRHIVXEOMRKXSVIRHIVTVSJIWWMSREPSV
SXLIVWIVZMGIWJSVSVSRFILEPJSJER]TIVWSRSVIRXMX]2SVMWXLI2*4%YRHIVXEOMRKXSTIVJSVQER]HYX]
S[IHF]ER]TIVWSRSVIRXMX]XSWSQISRIIPWI%R]SRIYWMRKXLMWHSGYQIRXWLSYPHVIP]SRLMWSVLIVS[R
MRHITIRHIRXNYHKQIRXSVEWETTVSTVMEXIWIIOXLIEHZMGISJEGSQTIXIRXTVSJIWWMSREPMRHIXIVQMRMRKXLI
IIVGMWISJVIEWSREFPIGEVIMRER]KMZIRGMVGYQWXERGIW
8LI2*4%LEWRSTS[IVRSVHSIWMXYRHIVXEOIXSTSPMGISVIRJSVGIGSQTPMERGI[MXLXLIGSRXIRXWSJ
2*4%7XERHEVHW2SVHSIWXLI2*4%PMWXGIVXMJ]XIWXSVMRWTIGXTVSHYGXWHIWMKRWSVMRWXEPPEXMSRWJSV
QEOIVSJXLIWXEXIQIRX
-QTSVXERX2SXMGIWERH(MWGPEMQIVWGSRXMRYIHSRMRWMHIFEGOGSZIV
6)1-2()694(%8-2+3*2*4%78%2(%6(7
9WIVWSJ2*4%GSHIWWXERHEVHWVIGSQQIRHIHTVEGXMGIWERHKYMHIW w2*4%7XERHEVHWx
WLSYPHFIE[EVIXLEX2*4%7XERHEVHWQE]FIEQIRHIHJVSQXMQIXSXMQIXLVSYKLXLIMWWYERGI
TSMRXMRXMQIGSRWMWXWSJXLIGYVVIRXIHMXMSRSJXLIHSGYQIRXXSKIXLIV[MXLER]8IRXEXMZI
-RXIVMQ%QIRHQIRXERHER])VVEXEXLIRMRIJJIGX
-RSVHIVXSHIXIVQMRI[LIXLIVER2*4%7XERHEVHLEWFIIREQIRHIHXLVSYKLXLIMWWYERGI
SJ8IRXEXMZI-RXIVMQ%QIRHQIRXWSVGSVVIGXIHF])VVEXEZMWMXXLI(SGYQIRX-RJSVQEXMSR4EKIW
MRJSVQEXMSRMRGPYHMRKER]MWWYIH8IRXEXMZI-RXIVMQ%QIRHQIRXWERH)VVEXE
LXXT[[[RJTESVKHSGMRJSXSGLSSWIJVSQXLIPMWXSJ2*4%7XERHEVHWSVYWIXLIWIEVGL
JIEXYVISRXLIVMKLXXSWIPIGXXLI2*4%7XERHEVHRYQFIV IK2*4% 8LI(SGYQIRX
-RJSVQEXMSRTEKIMRGPYHIWTSWXMRKWSJEPPIMWXMRK8IRXEXMZI-RXIVMQ%QIRHQIRXWERH)VVEXE
-XEPWSMRGPYHIWXLISTXMSRXSVIKMWXIVJSVERw%PIVXxJIEXYVIXSVIGIMZIEREYXSQEXMGIQEMP
'ST]VMKLX2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR 2*4% 0MGIRWIHF]EKVIIQIRXJSVMRHMZMHYEPYWIERHHS[RPSEHSR.ERYEV]XS67MRKIV2SSXLIVVITVSHYGXMSRSVXVERWQMWWMSRMRER]JSVQTIVQMXXIH
[MXLSYX[VMXXIRTIVQMWWMSRSJ2*4%*SVMRUYMVIWSVXSVITSVXYREYXLSVM^IHYWIGSRXEGXPMGIRWMRK$RJTESVK

3. -14368%28238-')7%2((-7'0%-1)67'32')62-2+2*4%
c
78%2(%6(7
%((-8-32%0238-')7%2((-7'0%-1)67
9THEXMRKSJ2*4%7XERHEVHW
9WIVWSJ2*4%GSHIWWXERHEVHWVIGSQQIRHIHTVEGXMGIWERHKYMHIW d2*4%7XERHEVHWe WLSYPHFIE[EVIXLEXXLIWI
HSGYQIRXWQE]FIWYTIVWIHIHEXER]XMQIF]XLIMWWYERGISJRI[IHMXMSRWSVQE]FIEQIRHIHJVSQXMQIXSXMQIXLVSYKLXLI
MWWYERGISJ8IRXEXMZI-RXIVMQ%QIRHQIRXWSVGSVVIGXIHF])VVEXE%RSJdGMEP2*4%7XERHEVHEXER]TSMRXMRXMQIGSRWMWXWSJ
XLIGYVVIRXIHMXMSRSJXLIHSGYQIRXXSKIXLIV[MXLER]8IRXEXMZI-RXIVMQ%QIRHQIRXWERHER])VVEXEXLIRMRIJJIGX-RSVHIV
XSHIXIVQMRI[LIXLIVEKMZIRHSGYQIRXMWXLIGYVVIRXIHMXMSRERH[LIXLIVMXLEWFIIREQIRHIHXLVSYKLXLIMWWYERGISJ
8IRXEXMZI-RXIVMQ%QIRHQIRXWSVGSVVIGXIHXLVSYKLXLIMWWYERGISJ)VVEXEGSRWYPXETTVSTVMEXI2*4%TYFPMGEXMSRWWYGLEWXLI
2EXMSREP*MVI'SHIWf7YFWGVMTXMSR7IVZMGIZMWMXXLI2*4%[IFWMXIEX[[[RJTESVKSVGSRXEGXXLI2*4%EXXLIEHHVIWWPMWXIH
FIPS[
-RXIVTVIXEXMSRWSJ2*4%7XERHEVHW
%WXEXIQIRX[VMXXIRSVSVEPXLEXMWRSXTVSGIWWIHMREGGSVHERGI[MXL7IGXMSRSJXLI6IKYPEXMSRW+SZIVRMRKXLI
(IZIPSTQIRXSJ2*4%7XERHEVHWWLEPPRSXFIGSRWMHIVIHXLISJdGMEPTSWMXMSRSJ2*4%SVER]SJMXW'SQQMXXIIWERHWLEPPRSX
FIGSRWMHIVIHXSFIRSVFIVIPMIHYTSREWE*SVQEP-RXIVTVIXEXMSR
4EXIRXW
8LI2*4%HSIWRSXXEOIER]TSWMXMSR[MXLVIWTIGXXSXLIZEPMHMX]SJER]TEXIRXVMKLXWVIJIVIRGIHMRVIPEXIHXSSVEWWIVXIHMR
GSRRIGXMSR[MXLER2*4%7XERHEVH8LIYWIVWSJ2*4%7XERHEVHWFIEVXLIWSPIVIWTSRWMFMPMX]JSVHIXIVQMRMRKXLIZEPMHMX]SJ
ER]WYGLTEXIRXVMKLXWEW[IPPEWXLIVMWOSJMRJVMRKIQIRXSJWYGLVMKLXWERHXLI2*4%HMWGPEMQWPMEFMPMX]JSVXLIMRJVMRKIQIRX
SJER]TEXIRXVIWYPXMRKJVSQXLIYWISJSVVIPMERGISR2*4%7XERHEVHW
2*4%EHLIVIWXSXLITSPMG]SJXLI%QIVMGER2EXMSREP7XERHEVHW-RWXMXYXI %27- VIKEVHMRKXLIMRGPYWMSRSJTEXIRXWMR
%QIVMGER2EXMSREP7XERHEVHW dXLI%27-4EXIRX4SPMG]e ERHLIVIF]KMZIWXLIJSPPS[MRKRSXMGITYVWYERXXSXLEXTSPMG]
238-')8LIYWIVgWEXXIRXMSRMWGEPPIHXSXLITSWWMFMPMX]XLEXGSQTPMERGI[MXLER2*4%7XERHEVHQE]VIUYMVIYWISJER
MRZIRXMSRGSZIVIHF]TEXIRXVMKLXW2*4%XEOIWRSTSWMXMSREWXSXLIZEPMHMX]SJER]WYGLTEXIRXVMKLXWSVEWXS[LIXLIVWYGL
TEXIRXVMKLXWGSRWXMXYXISVMRGPYHIIWWIRXMEPTEXIRXGPEMQWYRHIVXLI%27-4EXIRX4SPMG]-JMRGSRRIGXMSR[MXLXLI%27-4EXIRX
4SPMG]ETEXIRXLSPHIVLEWdPIHEWXEXIQIRXSJ[MPPMRKRIWWXSKVERXPMGIRWIWYRHIVXLIWIVMKLXWSRVIEWSREFPIERH
RSRHMWGVMQMREXSV]XIVQWERHGSRHMXMSRWXSETTPMGERXWHIWMVMRKXSSFXEMRWYGLEPMGIRWIGSTMIWSJWYGLdPIHWXEXIQIRXWGERFI
SFXEMRIHSRVIUYIWXJVSQ2*4%*SVJYVXLIVMRJSVQEXMSRGSRXEGXXLI2*4%EXXLIEHHVIWWPMWXIHFIPS[
0E[ERH6IKYPEXMSRW
9WIVWSJ2*4%7XERHEVHWWLSYPHGSRWYPXETTPMGEFPIJIHIVEPWXEXIERHPSGEPPE[WERHVIKYPEXMSRW2*4%HSIWRSXF]XLI
TYFPMGEXMSRSJMXWGSHIWWXERHEVHWVIGSQQIRHIHTVEGXMGIWERHKYMHIWMRXIRHXSYVKIEGXMSRXLEXMWRSXMRGSQTPMERGI[MXL
ETTPMGEFPIPE[WERHXLIWIHSGYQIRXWQE]RSXFIGSRWXVYIHEWHSMRKWS
'ST]VMKLXW
2*4%7XERHEVHWEVIGST]VMKLXIH8LI]EVIQEHIEZEMPEFPIJSVE[MHIZEVMIX]SJFSXLTYFPMGERHTVMZEXIYWIW8LIWIMRGPYHI
FSXLYWIF]VIJIVIRGIMRPE[WERHVIKYPEXMSRWERHYWIMRTVMZEXIWIPJVIKYPEXMSRWXERHEVHM^EXMSRERHXLITVSQSXMSRSJWEJI
TVEGXMGIWERHQIXLSHW]QEOMRKXLIWIHSGYQIRXWEZEMPEFPIJSVYWIERHEHSTXMSRF]TYFPMGEYXLSVMXMIWERHTVMZEXIYWIVWXLI
2*4%HSIWRSX[EMZIER]VMKLXWMRGST]VMKLXXSXLIWIHSGYQIRXW
9WISJ2*4%7XERHEVHWJSVVIKYPEXSV]TYVTSWIWWLSYPHFIEGGSQTPMWLIHXLVSYKLEHSTXMSRF]VIJIVIRGI8LIXIVQ
dEHSTXMSRF]VIJIVIRGIeQIERWXLIGMXMRKSJXMXPIIHMXMSRERHTYFPMWLMRKMRJSVQEXMSRSRP]%R]HIPIXMSRWEHHMXMSRWERH
GLERKIWHIWMVIHF]XLIEHSTXMRKEYXLSVMX]WLSYPHFIRSXIHWITEVEXIP]MRXLIEHSTXMRKMRWXVYQIRX-RSVHIVXSEWWMWX2*4%MR
JSPPS[MRKXLIYWIWQEHISJMXWHSGYQIRXWEHSTXMRKEYXLSVMXMIWEVIVIUYIWXIHXSRSXMJ]XLI2*4% %XXIRXMSR7IGVIXEV]
7XERHEVHW'SYRGMP MR[VMXMRKSJWYGLYWI*SVXIGLRMGEPEWWMWXERGIERHUYIWXMSRWGSRGIVRMRKEHSTXMSRSJ2*4%7XERHEVHW
GSRXEGX2*4%EXXLIEHHVIWWFIPS[
*SV*YVXLIV-RJSVQEXMSR
%PPUYIWXMSRWSVSXLIVGSQQYRMGEXMSRWVIPEXMRKXS2*4%7XERHEVHWERHEPPVIUYIWXWJSVMRJSVQEXMSRSR2*4%TVSGIHYVIW
KSZIVRMRKMXWGSHIWERHWXERHEVHWHIZIPSTQIRXTVSGIWWMRGPYHMRKMRJSVQEXMSRSRXLITVSGIHYVIWJSVVIUYIWXMRK*SVQEP
-RXIVTVIXEXMSRWJSVTVSTSWMRK8IRXEXMZI-RXIVMQ%QIRHQIRXWERHJSVTVSTSWMRKVIZMWMSRWXS2*4%WXERHEVHWHYVMRKVIKYPEV
VIZMWMSRG]GPIWWLSYPHFIWIRXXS2*4%LIEHUYEVXIVWEHHVIWWIHXSXLIEXXIRXMSRSJXLI7IGVIXEV]7XERHEVHW'SYRGMP2*4%
EXXIV]QEVGL4EVO43S5YMRG]1%IQEMPWXHWCEHQMR$RJTESVK
*SVQSVIMRJSVQEXMSREFSYX2*4%ZMWMXXLI2*4%[IFWMXIEX[[[RJTESVK%PP2*4%GSHIWERHWXERHEVHWGERFIZMI[IHEX
RSGSWXEX[[[RJTESVKJVIIEGGIWW
'ST]VMKLX2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR 2*4% 0MGIRWIHF]EKVIIQIRXJSVMRHMZMHYEPYWIERHHS[RPSEHSR.ERYEV]XS67MRKIV2SSXLIVVITVSHYGXMSRSVXVERWQMWWMSRMRER]JSVQTIVQMXXIH[MXLSYX[VMXXIR
TIVQMWWMSRSJ2*4%*SVMRUYMVIWSVXSVITSVXYREYXLSVM^IHYWIGSRXEGXPMGIRWMRK$RJTESVK

4. 2*4%ERH2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSREVIVIKMWXIVIHXVEHIQEVOWSJXLI2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR5YMRG]1EWWEGLYWIXXW
'ST]VMKLXh2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSRf
%PP6MKLXW6IWIVZIH
2*4%c
+YMHIJSV
7EJI'SRcRIH7TEGI)RXV]ERH;SVO
)HMXMSR
8LMWIHMXMSRSJ2*4%+YMHIJSV7EJI'SRcRIH7TEGI)RXV]ERH;SVO[EWTVITEVIHF]XLI
'SQQMXXIISR'SRdRIH7TEGI7EJI;SVO4VEGXMGIW-X[EWMWWYIHF]XLI7XERHEVHW'SYRGMPSR
2SZIQFIV[MXLERIJJIGXMZIHEXISJ(IGIQFIV
8LMWIHMXMSRSJ2*4%[EWETTVSZIHEWER%QIVMGER2EXMSREP7XERHEVHSR(IGIQFIV
3VMKMRERH(IZIPSTQIRXSJ2*4%
8LMWdVWXIHMXMSRSJ2*4%+YMHIJSV7EJI'SRcRIH7TEGI)RXV]ERH;SVOIWXEFPMWLIWFIWX
TVEGXMGIWERHdLS[XSeJSVGSRdRIHWTEGIIRXV]ERH[SVOXVERWPEXMRK[LEXMWVIUYMVIHMRVIKYPEXMSRW
MRXSTVEGXMGEPETTVSEGLIWXSMQTPIQIRXXLSWIVIUYMVIQIRXW;LIVIEWIMWXMRKVIKYPEXSV]WXERHEVHW
TVSZMHIQMRMQYQVIUYMVIQIRXW2*4%WXVMZIWXSIWXEFPMWL[SVOTVEGXMGIWXLEXEGLMIZIELMKLIV
PIZIPSJWEJIX]
2*4%QEMRXEMRWEPSRKLMWXSV]KSZIVRMRKXLIWEJIIRXV]ERH[SVOTVEGXMGIWJSVXLIQEVMXMQI
WIGXSVXLVSYKL2*4%7XERHEVHJSVXLI'SRXVSPSJ+EW,E^EVHWSR:IWWIPW8LIWYGGIWWSJXLIQEVMXMQI
GSRdRIHWTEGIIRXV]TVSKVEQMRTEVXMGYPEVXLIGSQTIXIRGMIWERHUYEPMdGEXMSRWSJQEVMRIGLIQMWXW
[LSWIGIVXMdGEXMSR2*4%QEREKIWPIHXSXLIMRGSVTSVEXMSRSJXLSWITVEGXMGIWERHTVSGIHYVIWMRXS
FSXL37,%WLMT]EVHVIKYPEXMSRWERHXLIVIKYPEXMSRWSJXLI97'SEWX+YEVH7MQMPEVMXMIWMR
GSRWXVYGXMSRERHYWEKITVSQTXIHXLIHIZIPSTQIRXSJ2*4%7XERHEVHJSVXLI7EJIKYEVHMRKSJ
8EROWERH'SRXEMRIVWJSV)RXV]'PIERMRKSV6ITEMVEWXERHEVHJSVIRXV]ERH[SVOMREFSZIKVSYRHERH
YRHIVKVSYRHXEROWERHGSRXEMRIVW2*4%gWTVSXIGXMSRJSVIQIVKIRG]VIWTSRHIVWIXIRHWXS
GSRdRIHWTEGIWEW[IPP[MXL2*4%7XERHEVHSR3TIVEXMSRWERH8VEMRMRKJSV8IGLRMGEP7IEVGLERH
6IWGYI-RGMHIRXWERH2*4%7XERHEVHJSV8IGLRMGEP6IWGYIV4VSJIWWMSREP5YEPMcGEXMSRW;MXLXLEXPSRK
LMWXSV]SJIWXEFPMWLIHWXERHEVHWSJTVEGXMGIJSVGSRdRIHWTEGIIRXV]ERH[SVO2*4%TVSTSWIHERI[
TVSNIGXVIPEXIHXSGSRdRIHWTEGIW
8LI8IGLRMGEP'SQQMXXIISR'SRdRIH7TEGI7EJI;SVO4VEGXMGIWFIKERMXW[SVOSRE
TVIPMQMREV]HVEJXMR7ITXIQFIVERH[SVOIHMRIEVRIWXXSTVSZMHIETVIPMQMREV]HVEJXXSXLI
2*4%7XERHEVHW'SYRGMPJSVXLI%YKYWXQIIXMRKEX[LMGLMX[EWETTVSZIHERHTPEGIHMRXLI
*EPPVIZMWMSRG]GPI
EGOKVSYRHHSGYQIRXWGSRWMHIVIHF]XLI7XERHEVHW'SYRGMPEWTEVXSJXLIRI[TVSNIGXVIUYIWX
LMKLPMKLXIHERYQFIVSJKETW[MXLMRXLIIMWXMRKVIKYPEXMSRWERHWXERHEVHWETTPMGEFPIXSKIRIVEP
MRHYWXV]GSRdRIHWTEGIIRXV]ERH[SVO37,%gWTIVQMXVIUYMVIHGSRdRIHWTEGIWXERHEVHLEHFIIR
MRTPEGIJSV]IEVW[LIRXLI[SVOSJXLI'SQQMXXIIFIKER%WTEVXSJMXWMRMXMEPEGXMSRWXLI
'SQQMXXIIWTIRXXMQIMHIRXMJ]MRKKETWERHHMWGYWWMRKLS[XSWMQTPMJ]WSQISJXLIGSRJYWMSR
EWWSGMEXIH[MXLXLIXIVQMRSPSK]YWIHMRGSRdRIHWTEGIHSGYQIRXW%QSRKXLIKETWMHIRXMdIHF]
XLI'SQQMXXIIHYVMRKMRMXMEPHMWGYWWMSRW[IVIMWWYIWVIPEXIHXSFEWMGGSRdRIHWTEGILE^EVH
MHIRXMdGEXMSRIZEPYEXMSRERHGSRXVSP3JTEVXMGYPEVGSRGIVR[EWXLIEFWIRGISJMRJSVQEXMZI
KYMHERGISRLS[XSTIVJSVQWSQISJXLIOI]VIUYMVIQIRXWMRXLI37,%WXERHEVHWYGLEWEMV
QSRMXSVMRKERHZIRXMPEXMSR-RJYVXLIVWYTTSVXSJXLIMRMXMEPdRHMRKWSJXLI'SQQMXXIIXLI'LIQMGEP
7EJIX]SEVH '7 EHHVIWWIHXLI'SQQMXXIIEXMXWdVWXQIIXMRKERHRSXIHEHHMXMSREPKETWMR
GSRdRIHWTEGIWEJITVEGXMGIWVIPEXIHXSXLILE^EVHWSJEHNEGIRXWTEGIWERHLSX[SVO8LI
'SQQMXXII[MXLMXW[MHIVERKISJITIVXWXEVKIXIHXLSWIKETWERHQMWWMRKMRJSVQEXMSREWTSXIRXMEP
EVIEWXLEXGSYPHFIMRGSVTSVEXIHMRXS2*4%
4IVLETWXLIQSWXWMKRMdGERXHMWGYWWMSRXSTMG[MXLMRXLI'SQQMXXIIGIRXIVIHSRXIVQMRSPSK]YWIH
XSHIWGVMFIGSRdRIHWTEGIWWYGLEWTIVQMXVIUYMVIHGSRdRIHWTEGIWERHRSRTIVQMXWTEGIW;LMPI
XLI'SQQMXXIIHMHRSX[ERXXSGSReMGX[MXLIMWXMRKWXERHEVHWMRTEVXMGYPEVXLI37,%WXERHEVHW
XLI'SQQMXXIIVIGSKRM^IHXLEXXLIHMJJIVIRGIWMRXIVQMRSPSK]GSRXMRYIHXSGVIEXIGSRJYWMSR8LI
'ST]VMKLX2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR 2*4% 0MGIRWIHF]EKVIIQIRXJSVMRHMZMHYEPYWIERHHS[RPSEHSR.ERYEV]XS67MRKIV2SSXLIVVITVSHYGXMSRSVXVERWQMWWMSRMRER]JSVQTIVQMXXIH[MXLSYX[VMXXIR
TIVQMWWMSRSJ2*4%*SVMRUYMVIWSVXSVITSVXYREYXLSVM^IHYWIGSRXEGXPMGIRWMRK$RJTESVK

5. 7%*)'32*-2)(74%'))286=%2(;36/
)HMXMSR
'SQQMXXIIYPXMQEXIP]HIGMHIHXSWMQTP]YWIXLIXIVQGSRdRIHWTEGIXSHIWGVMFIER]WTEGIXLEXQIIXWXLI37,%
HIdRMXMSR
%RSXLIVWMQTPMdGEXMSRTVSZMHIHF]2*4%MWXLIHIJEYPXVIGSQQIRHEXMSRXSTIVJSVQEMVQSRMXSVMRKSJEPPGSRdRIH
WTEGIWTVMSVXSIRXV]7YGLQSRMXSVMRKIPMQMREXIWXLITSWWMFMPMX]SJQMWNYHKMRKEWTEGIXLEXMWRSXITIGXIHXSLEZIER
EXQSWTLIVMGLE^EVH8LI'SQQMXXIIFIPMIZIWXLEXXLIJI[QMRYXIWMXXEOIWXSTIVJSVQEMVQSRMXSVMRKSJEWTEGImGSRdVQMRK
XLITVIWIRGISVEFWIRGISJWTIGMdGEXQSWTLIVMGLE^EVHWm[MPPFIXMQI[IPPWTIRX
2*4%MHIRXMdIWXLVIIX]TIWSJLE^EVHWXLEXWLSYPHFIVIGSKRM^IHIZEPYEXIHERHGSRXVSPPIHMRLIVIRXLE^EVHW
MRXVSHYGIHLE^EVHWERHEHNEGIRXLE^EVHW-HIRXMJ]MRKXLSWIXLVIIHMWXMRGXWSYVGIWSJTSXIRXMEPLE^EVHWLIPTW)RXV]7YTIVZMWSVW
ERH[SVOIVWXSXLMROFVSEHP]EFSYXXLIQ]VMEHSJLE^EVHWXLEXGSYPHSGGYVMRERHEVSYRHGSRdRIHWTEGIWWSXLI]GERIZEPYEXI
ERHGSRXVSPXLILE^EVHW
;LMPISXLIVWXERHEVHWMRHMGEXI[LEXRIIHWXSFIHSRI2*4%HIWGVMFIWLS[XSTIVJSVQXLSWIXEWOW*SVIEQTPI2*4%
TVSZMHIWMRJSVQEXMSRSRXLIWIPIGXMSRGEPMFVEXMSRERHYWISJKEWQSRMXSVWEW[IPPEWMRJSVQEXMSREFSYXXLIX]TIWERH
MRWXEPPEXMSRSJZIRXMPEXMSRHIZMGIWJSVHMJJIVIRXX]TIWSJGSRdRIHWTEGIGSRdKYVEXMSRWERHLE^EVHW
8LI'SQQMXXIIRSXIHXLEXXLIVI[EWEPEGOSJUYEPMdGEXMSRWERHGSQTIXIRGMIWJSVXLSWIMRZSPZIHMRGSRdRIHWTEGIIRXVMIW
FI]SRHXLI%XXIRHERXXLI)RXVERXERHXLI)RXV]7YTIVZMWSV8SGSQTPIQIRXXLSWIMRHMZMHYEPWERHXLIMVHIdRIHVSPIWERH
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MRXSEGSRdRIHWTEGI
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A
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?A
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?A
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?A
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14. +)2)6%0
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:SPEXMPI3VKERMG'SQTSYRH :3' 3VKERMGGLIQMGEPW
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9WMRKKIRIVEPERHPSGEPILEYWXZIRXMPEXMSRMRIVXMRKSV
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,E^EVHWQE]FIEXQSWTLIVMGTL]WMGEPQIGLERMGEPIPIGc
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VIEGLIHTIVGIRXSJXLIMV0)0EVIGSRWMHIVIHLE^EVHSYWERH
WLSYPH VIUYMVI EHHMXMSREP TVIGEYXMSRW ERH EGXMSRW TVMSV XS
IRXIVMRK E WTEGI 0)0 MW XLI PS[IWX GSRGIRXVEXMSR SJ KEW SV
ZETSVMREMVMR[LMGLFYVRMRK[MPPXEOITPEGI
'LIQMGEP ,E^EVHW 8LIWI LE^EVHW QE] EVMWI JVSQ
ITSWYVI XS GSRGIRXVEXMSRW SJ KEWIW ZETSVW QMWXW JYQIW
PMUYMHW SV HYWXW 6SYXIW SJ ITSWYVI EVI XLVSYKL MRLEPEXMSR
EFWSVTXMSR XLVSYKL WOMR SV QYGSYW QIQFVERI IK RSWI
XLVSEX I]IW MRKIWXMSR SV MRNIGXMSR %PP JSYV VSYXIW SJ IRXV]
WLSYPH FI GSRWMHIVIH MR XLI IZEPYEXMSR SJ GSRdRIH WTEGI
LE^EVHWEWJSPPS[W
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XSIRXIVXLIFSH]-RLEPIHQEXIVMEPWEVIMRXLIJSVQSJE
JYQIHYWXKEWQMWXSVZETSV
7OMR EFWSVTXMSR SGGYVW [LIR E GLIQMGEP WYGL EW E
WSPZIRX TEWWIW XLVSYKL XLI WOMR ERH IRXIVW XLI FPSSH
WXVIEQ7SQIHYWXWERHQMWXWPMOITIWXMGMHIWQE]HMWWSPZI
SRQSMWXWOMRERHXLIRFIEFWSVFIH
-RKIWXMSRSGGYVW[LIR[SVOIVWHSRSX[EWLXLIMVLERHW
FIJSVIIEXMRKSV[LIVIXLI]HVMROFIZIVEKIWSVWQSOIMR
EREVIE[LIRLE^EVHSYWGLIQMGEPWEVIYWIH
-RNIGXMSR SGGYVW [LIR E GLIQMGEP IRXIVW XLI FSH]
XLVSYKLEFVIEOMRXLIWOMRX]TMGEPP]F]EWLEVTSFNIGX
'LIQMGEP LE^EVHW ERH S]KIR PIZIPW QE] FI QIEWc
YVIHYWMRKEXQSWTLIVMGQSRMXSVMRKHIZMGIWWYGLEWQYPXMKEW
QIXIVWWMRKPIKEWQSRMXSVWERHGSPSVMQIXVMGXYFIW8LIJSPPS[c
MRKEVIX]TIWSJGLIQMGEPLE^EVHW
7]WXIQMG TSMWSRW EVI QEXIVMEPW XLEX HEQEKI LYQER
SVKERW SV W]WXIQW WYGL EW XLI OMHRI]W PMZIV SV GIRXVEP
RIVZSYW W]WXIQ 'SQQSR TSMWSRW ERH XSMG GLIQMGEPW
JSYRH MR SV EVSYRH GSRdRIH WTEGIW MRGPYHI GEVFSR
QSRSMHIJVSQMRGSQTPIXIGSQFYWXMSR IKIRKMRIWSV
dVIW L]HVSKIRWYPdHIJVSQHIGE]MRKFMSPSKMGEPQEXIVMEP
IK VSXXMRK dWL WIE[IIH KVEMRW GPIERMRK STIVEXMSRW
IK XSMG ZSPEXMPI SVKERMG GSQTSYRHW WSPZIRXW ERH
[IPHMRKJYQIW IKLIEZ]QIXEPW
'SVVSWMZIWEVIGLIQMGEPWXLEXGEYWIZMWMFPIHIWXVYGXMSRSJ
PMZMRK XMWWYI EX XLI WMXI SJ GSRXEGX 7SQI IEQTPIW EVI
QYVMEXMGEGMHWYPJYVMGEGMHERHP]I
'ST]VMKLX2EXMSREP*MVI4VSXIGXMSR%WWSGMEXMSR 2*4% 0MGIRWIHF]EKVIIQIRXJSVMRHMZMHYEPYWIERHHS[RPSEHSR.ERYEV]XS67MRKIV2SSXLIVVITVSHYGXMSRSVXVERWQMWWMSRMRER]JSVQTIVQMXXIH[MXLSYX[VMXXIR
TIVQMWWMSRSJ2*4%*SVMRUYMVIWSVXSVITSVXYREYXLSVM^IHYWIGSRXEGXPMGIRWMRK$RJTESVK