Table Of Content!"#$%&'
!"#$%&'#()*&+,'#-)./0)*1%'2#)3&2(.-#-),#-)*&-)%+,3'4,#'5#)"6)%/"'#/#+(#-%+7#+)&3)#+).33#+('%7)
3.-#8477#'5#5".'%(%2)9)3-&)5(&()(%')2.//:+#;)<#():+,#-5=7#50)*1.-,&+)5(&(#+)3.-#8477#-)
:+7,./52-%/%+&'%(#()7#++#/)5&(5":'>#+)3-&)?@A@)(%')*#'*#,5.-%#+(#-#,#)7&,#"'&+5%+,5&(5#-;)
!"#$%&'#()3.2:5#-#-)"60)*1%'2#)3&2(.-#-),#-)*&-)%+,3'4,#'5#)"6),#+)"-B1#+(%1#)#33#2()&3)#()
2-%/%+&'%(#(53.-#8477#+,#)"-.>#2(;)C,7&+75":+2(#()#-)#+):+,#-5=7#'5#)&3)%/"'#/#+(#-%+7#+)
&3)#()5&(5":'>#3%+&+5%#-#()7&,#"'&+5"-.>#2()%)!=+,#-8.-7)D.//:+#0)*1%5)3.-/6')#-)&()
3.-#8477#):+7,./52-%/%+&'%(#(#+)%)#():,5&()8.'%7./-6,#;)
!&(5":'>#+)(%'),#)*#'*#,5.-%#+(#-#,#)7&,#"'&+5%+,5&(5#-):,5"-%+7#-)&3)
C+7,./52.//%55%.+#+5)&+8#3&'%+7#-)(%')&()5(4-2#)3.-#8477#'5#5%+,5&(5#-+#)%)<&+/&-2E)
7&,#"'&+5&-8#>,#()/#+#5)&()*&1#)7.,#)3.-:,5B(+%+7#-)3.-)&()3.-#8477#):+7,./52-%/%+&'%(#()%)
,#):,5&((#)8.'%7./-6,#-;)!&(5":'>#+)?@A@)8'#1)(%')%)#+)(%,0)*1.-),#-)1&-)3.2:5)"6)
8&+,#-#'&(#-#()2-%/%+&'%(#().7)'%''#8-.-#33#2(#+;)F.'%(%2#-+#)3-47(#,#0)&()5/6)8-=,-#)3:'7(#)%)
,#-#5)2-%/%+#''#)5(.-#8-=,-#5)3.,5".-;)<#-3.-)&35&((#)/&+)AGH0I)/%.;)2-;)(%')&()5(4-2#)
2-%/%+&'%(#(53.-#8477#'5#+)%),#):,5&((#)8.'%7./-6,#-;)
<#-)3%+,#5)3'#-#)3.-5(6#'5#-)&3)8&77-:+,#+)3.-0)&()+.7'#)8#76-)2-%/%+&'%(#(0).7)*1.-,&+)/&+)
8#,5()3.-#8477#-)2-%/%+&'%(#(;)<#-3.-)(&7#-)5"#$%&'#():,7&+75":+2()%)#+)-B22#)!"#$#%&'&(#)!*+
,*&"#*";)J.-#8477#'5#55(-&(#7%#-)&3*B+7#-)&30)*1&,)/&+)5#-)5./)8&77-:+,#+)3.-)2-%/%+#')
&,3B-,;)!&(5":'>#+)3-&)?@A@)(&7#-):,7&+75":+2()%)."5=7#+,#)7&,#"'&+5&-8#>,#)5./)
"-B1#+(%1)/#(.,#0),#++#)/#(.,#)52&'),B//#).")3.-)2-%/%+&'%(#(53-#//#+,#)
7&,#3B''#552&8#-;)
K)5&/5"%')/#,)5"#$%&'#(5)#/"%-%52#)3:+,&/#+()#-)-*%+#%,*("*"*-*+#$.'*$*%,*"#%()$&-*'+
8'#1#()%+,,-&7#()(%')&()8#'45#0)*1%'2#)3&2(.-#-),#-)*&-)%+,3'4,#'5#),#+)2-%/%+&'"-B1#+(%1#)
#33#2()&3)7&,#"'&+5"-.>#2(#-+#;)L+,1%,#-#)*&-)1%)1&'7()&()%+,,-&7#)5(4-%+75(#.-%;)M#7-#8#()
(&/*"%0%1*+&+1#+,#5)(%')&():+,#-5=7#0)*1.-,&+),&7#+5)3-&7(/#+(#-#,#)5(4-%+7)&3),#+)
.33#+('%7#)".'%(%2)36-)%+,3'4,#'5#)"6),#()2.+2-#(#)"-.>#2()%)!=+,#-8.-7)D.//:+#;)N%')&()5#)"6)
#33#2(#-+#)&3)7&,#"'&+5%+,5&(5#+)%+,,-&7#5)21&'%(&(%1#)%+(#-1%#O5)/#,)$#+(-&'#)
3.-#8477#'5#5&2(=-#-)/#,)*#+8'%2)"6)&()8#'45#0)*1.-,&+)"-.$#55#+)#-)3.-'=8#(;)P%)*&-)%)
5"#$%&'#()3:+,#()3-#/)(%')3'#-#)3.-52#''%7#)3&2(.-#-).7)/#+#-0)&(),#)&''#)*&-)8#(4,+%+7)3.-),#+)
"-B1#+(%1#)#33#2()&3)7&,#"'&+5%+,5&(5#-+#)%),#):,1&'7(#)&+5=7#-2.//:+#-;)
!"#$%&'$(
!"#$%&"'$#$%()*+$'$%),%#-',&#(.#,/%&"'%(0*&)1$%&"0&%#,(2+',*'$%&"'%#342'3',&0&#),%41)*'$$%)(%0%
4+52#*%*1#3'%41'6',&#),%4)2#*.%),%0%3+,#*#402%2'6'27%!"'%&"'$#$%#,6'$&#/0&'$%")8%&"'%
/)6'1,3',&%41'6',&$%*1#3'%&"1)+/"%0%")2#$&#*%$&1''&%2'6'2%'(()1&%8#&"%+$'%)(%&"'%9:;:%<=!<>
41)/1033'7%!"'%&"'$#$%()*+$'$%),%8"#*"%(0*&)1$%#,(2+',*'%&"'%'(('*&%)(%0%*1#3'%41'6',&#),%
41)?'*&7%!"'%50$#$%)(%&"'%&"'$#$%#$%0,%#,6'$&#/0&#),%)(%&"'%#342'3',&0&#),%)(%0%*1#3'%41'6',&#),%
41)?'*&%#,%<@,-'15)1/%3+,#*#402#&.%(+,-'-%5.%&"'%9:;:%<=!<>41)/1033'7%!"'%4+14)$'%)(%&"'%
*1#3'%41'6',&#),%41)?'*&%#$%&)%41'6',&%.)+&"%*1#3'%#,%0%6+2,'1052'%1'$#-',%01'07%
!"'%9:;:%<=!<>41)/1033'%(+,-$%")2#$&#*%$&1''&%2'6'2%'(()1&$%0,-%#$%-'1#6'-%(1)3%
1'*)33',-0&#),$%5.%&"'%A)+&"%B)33#$$#),%'34"0$#C#,/%0%$&1',/&"','-%*1#3'%41'6',&#),%
'(()1&%#,%D',301E7%F&%#$%5'2#'6'-%&"0&%&"'%$&1''&%2'6'2%'(()1&$%"06'%/))-%*),-#&#),$%&)%41'6',&%
.)+&"%*1#3#,02#&.%#,%6+2,'1052'%1'$#-',%01'0$7%!"'%9:;:%<=!<>41)/1033'%80$%*1'0&'-%0&%0%
'%8"'1'%/0,/%*1#3#,'%"0-%41'602',&%0&&',&#),%(1)3%4)2#&#*#0,$%8")%('01'-%&"0&%&"'%
.)+,/'1%51)&"'1$%)(%/0,/%3'35'1$%8)+2-%()22)8%&"'#1%2'0-7%!"+$%;GHIJ%3#22#),%DKL%80$%
022)*0&'-%&)%&"'%9:;:%<=!<>41)/1033'%&)%$&1',/&"',%&"'%*1#3'%41'6',&#),%'(()1&%#,%
6+2,'1052'%1'$#-',%01'0$7%%
!"'1'%01'%30,.%-#(('1',&%4'1*'4&#),$%0$%&)%8".%4')42'%*)33#&%*1#3'%0,-%")8%5'$&%&)%41'6',&%
*1#3#,02#&.7%!"'%&"'$#$%&"'1'()1'%"0$%#&$%&"')1'&#*02%50$#$%#,%*1#3#,)2)/#*02%&"')1#'$7%B1#3'%
41'6',&#),%$&10&'/#'$%-#(('1%),%8"0&%4'1*'4&#),%),'%"0$%#,%1'/01-$%()1%&"'%1'0$),$%)(%*1#3#,02%
5'"06#)17%!"'%9:;:%<=!<>41)/1033'%#$%50$'-%),%&"'%5'2#'(%&"0&%0%41)0*'%$&1''&%2'6'2%'(()1&%
#$%&"'%3'&")-%8#&"%8"#*"%&"'%4+52#*%0,-%"'1'5.%&"'%3+,#*#402#&.%$")+2-%$&'3%*1#3#,02%
()$&'1#,/%*)33+,#&#'$7%F,%*)2205)10&#),%8#&"%&"'%'34#1#*02%-0&0%)(%&"'%&"'$#$I%&"'%#,&'/10&'-%
#342'3',&0&#),%3)-'2%"0$%5'',%#,*2+-'-%&)%*201#(.%8"#*"%(0*&)1$%#,(2+',*'%&"'%41'6','%
'(('*&%)(%&"'%$&1''&%2'6'2%41)?'*&$7%M'%"06'%(+1&"'13)1'%*")$',%&)%#,*2+-'%*),&1)2%&"')1.%#,%&"'%
&"')1'&#*02%(103'8)1E%)(%&"'%&"'$#$7%!"'%&'13!"#$%&'(')%%#$%+$'-%&)%#,6'$&#/0&'%")8%&"'%
(10/3',&'-%*),&1)2%)(%/)6'1,3',&02%4)2#*.%$4'*#(#*022.%#,(2+',*'$%&"'%41)?'*&%#,%&"'%
3+,#*#402#&.%)(%<@,-'15)1/7%!)%)5$'16'%&"'%*),$'N+',*'$%)(%&"'%$&1''&%2'6'2%'(()1&%8'%"06'%
#,*2+-'-%N+02#&0'%#,&'16#'8$%8#&"%E'.%0*&)1$%8#&"#,%&"'%(#'2-%)(%$&1''&%2'6'2%'(()1&$%8#&"%&"'%
4+14)$'%)(%*201#(.#,/%&"'%#342'3',&0&#),%41)*'$$7%%M'%"06'%#,%&"'%&"'$#$%#-',&#(#'-%-#(('1',&%
(0*&)1$%0,-%#&%#$%)+1%)4#,#),%&"0&%022%#-',&#(#'-%(0*&)1$%#,(2+',*'%&"'%41'6','%'(('*&%)(%&"'%
$&1''&%2'6'2%'(()1&$%#,%&"'%*")$',%3+,#*#402#&#'$7%
!"#$%&#'(%)*+,"+&'+-
./0!123-45-67821-9:-8;<2=->-926-?@/AB- C!
4D4-.799!==!7626-/6E2F/32<-8/A203/6=/<E2GA2-=79-0<H@261!@-9217A2- I!
4DJ-.<!9!6/3!12126-KA-/F-A2-=7L!/31-E23/=12A2-79<:A2<- M!
4DN-0<7E329F7<9K32<!68- O!
"#$#"!%&&'()*)+!,-!./0(123-0/3%12/*)+2)! 4!
./0!123-J5-127<21!=.2-/=02.12<- 4P!
JD4-A26-.<!9!62332-/AFH<A- 4P!
5#"#"!*)&*6*&27!*!82)7/%3! "5!
5#"#5!&2)!9/*3*)2112!+/%..29%17%/! "$!
5#"#$!&27!9/*3*)2112!:,3-%)&! ";!
5#"#;!:723.1*)+:720/*2/)2! "<!
5#"#<!&2)!30&2/)2!9/*3*)010+*! "=!
JDJ-=1Q<!68-/F-.<!9!6/3!121=F7<2EQ8823=2- 4M!
5#5#"!+062/),)82!>!?7!(1*9!.@!:7'/*)+!0+!./082::2/! "A!
JDN-!903292612<!68=127<21!=.2-02<=02.1!@2<- JP!
-*+%/!"B!&2)!*)72+/2/2&2!*3.1232)72/*)+:30&21! 5"!
5#$#"!&2!-C/:72!-,:2/B!.01*7*9-0/3%12/*)+!0+!.01*7*9&2:*+)! 55!
5#$#5!&2)!)D:72!-,:2B!-/,!.%1E2!7*1!9033%)2! 55!
5#$#5#"!2/!3,/9,/(2E&2/2)!)C+12)!7*1!:%882:-%1&!*3.1232)72/*)+F! 5$!
5#$#;!&2)!:*&:72!-,:2B!0%7.%7!0+!0%78032! 5;!
JDC-7@2<@2G23=2<-@2A<;<26A2-127<!@/38- JR!
./0!123-N5-9217A!=.2-7@2<@2G23=2<- JM!
ND4-9217A!=.2-0<7E3292<5-?@7<A/6-9:32<-9/6-87A-F7<2EQ8823=2B- JM!
NDJ-A21-.@/3!1/1!@2-L/=2=1KA!2- NP!
$#5#"!6,1+!,-!*)72/6*2G.2/:0)2/! $"!
$#5#5!-09%:+/%..2*)72/6*2G:!32&!&2!%)+2! $5!
NDN-@/3821-/F-=;6A2<E7<8-.799K62- NC!
$#$#"!7,(21!"B!&2!H21H2&:0/*2)72/2&2!+,&2.1,):*)&:,7:2/! $<!
$#$#5!9/*3*),1*727!*!:C)&2/(0/+! $=!
./0!123-C5-E/8-79-=/1=0K3G26-JP4P- NM!
CD4-073!1!.F7<9K32<!6826- NM!
;#"#"!+,&2-D112::9,(2/!:9,(2/!%)+2!9/*3*)2112! $A!
;#"#5!&2!%&:,772!(01*+03/@&2/! ;I!
CDJ-A21-70=;826A2-8/A203/6=/<E2GA2- CJ!
;#5#"!&2!%)+2:!-0/7/01*+2!0+!9033%)2):!32&,/(2E&2/2! ;;!
CDN-A23.76.3K=!76- CI!
./0!123-R5-073!1!.A2=!8621->-=/1=0K3G26-=79-=1Q<!68=<2A=./E- CM!
RD4-921/=1Q<!68-/F-A2-?23?2A=7<!2612<2A2-8/A203/6=!6A=/1=2<- CM!
RDJ-A2-@/<92-?H6A2<-=1GH32<-@!81!8-@!A26- RP!
RDN-A23.76.3K=!76- RJ!
./0!123-I5-F</-=/1=0K3G26-JP4P-1!3-21-.76.<21-0<7G2.1-!-=;6A2<E7<8- RN!
ID4-?@7<F7<-=;812-=;6A2<E7<8-=/1=0K3G26B- RN!
! "!
=#"#"!-0/2('++21:2!-0/!5J;4A!3*0#!9/#! <;!
=#"#5!9/*3*),1*727:./0(1232/!*!:C)&2/(0/+:!%&:,772!(01*+03/@&2! <<!
IDJ-A26-?23?2A=7<!2612<2A2-8/A203/6=!6A=/1=5-A2-F!<2-0<7G2.12<- RI!
IDN-8/A203/6=!6A=/1=26=-.<!9!6/3!121=F7<=1:23=2- IP!
IDC-A23.76.3K=!76- I4!
./0!123-M5-26-8?2117-!-=;6A2<E7<8B- IJ!
MD4-8?2117!=2<!6826-/F-21-E73!8.79032.=- IJ!
MDJ-.<!9!6/3!12126-!-E73!879<:A21- IR!
MDN-F7<=.23326-923329-=;=1G2<62@2G-78-6;</82<- II!
MDC-A23.76.3K=!76- IM!
./0!123-S5-7<8/6!=2<!6826-/F-8/A203/6=!6A=/1=26- IS!
SD4-?K=21-.H<@2G->-26-F7<2EQ8823=2=L261</3- IS!
SDJ-8/A203/6=!6A=/1=26-78-A26-E73!8=7L!/32-?23?2A=03/6- MP!
SDN-0<7E3297<!2612<21-073!1!/<E2GA2- M4!
SDC-A21-=;6A2<E7<826=!=.2-T.<!9!6/3!121=3Q=.<QA=T- MJ!
SDR-A23.76.3K=!76- MN!
./0!123-O5-A21-70=;826A2-8/A203/6=/<E2GA2- MC!
OD4-/1-32A2-26-8/A203/6=/<E2GA2<- MC!
4#"#"!(27'&)*)+2)!,-!&2)!/2772!+,&2.1,):32&,/(2E&2/! K=!
OD-J-8/A203/6=92A/<E2GA2<26-!-=;6A2<E7<8- MM!
4#5#"!/21,7*0):,/(2E&27! KK!
4#5#5!+,&2.1,):,/(2E&2/2)!2/!&2!%)+2:!,3(,::,&C/! AI!
ODN-A23.76.3K=!76- SJ!
./0!123-4P5-=1/1K=-0:-A26-?23?2A=7<!2612<2A2-8/A203/6=!6A=/1=- SN!
4PD4-.<!9!6/3!121=KA@!.3!6826-!-E73!879<:A21- SN!
4PDJ-F7<23;E!82-<2=K31/12<- SC!
4PDN-8/A203/6=!6A=/1=26=-9K3!8?2A-F7<-.799K6/3-F7</6.<!68- SM!
4PDC-A23.76.3K=!76- SO!
./0!123-445-.76.3K=!76- OP!
44D4-87A-F7<2EQ8823=2-./6-87A1-E21/32-=!8- OP!
44DJ-E21QA6!68=FK3A2-F/.17<2<- OJ!
44DN-=/1=0K3G26=-.<!9!6/30<H@[email protected] OC!
3!112</1K<3!=12- OS!
290!<!7@2<=!81- 4PP!
<213!82-.!3A2<5- 4PJ!
/<1!.32<5- 4PN!
!612<621.!3A2<5- 4PC!
E!3/8-45-=1/1!=1!.-7@2<-K68A79=.<!9!6/3!121-!-GQ33/6A- 4PR!
E!3/8-J5-.<!9!6/3!121=KA@!.3!6826-JPPOUJP4J-!-6;</82<-78-
=;=1G2<62@2G=.@/<12<21- 4PI!
E!3/8-ND/5-!612<@!2V8K!A2-1!3-3/==2-.G23A=26- 4PM!
E!3/8-CD/5-!612<@!2V8K!A2-!E26-</=9K==26- 4PO!
! 5!
E!3/8-RD/5-!612<@!2V8K!A2-2<!.-37<26W26- 44J!
E!3/8-ID/5-!612<@!2V8K!A2-L766!2-EKL?- 44R!
E!3/8-MD/5-!612<@!2V8K!A2-G7/6-VK3F-@!==!68- 44M!
E!3/8-SD/5-!612<@!2V8K!A2-3DED- 4JP!
E!3/8-OD/5-!612<@!2V8K!A2-/662U9/<!2-V73FF- 4JJ!
E!3/8-4PD/5-!612<@!2V8K!A2-0/332-?@!6823EQ- 4JN!
E!3/8-44D/5-!612<@!2V8K!A2-9:38<K0026- 4JR!
E!3/8-4N5-/.1!@!121=0K3G26- 4JI!
E!3/8-4C5-F<!1!A=G7E- 4JM!
E!3/8-4R5-32.1!2?GH30- 4JS!
E!3/8-4I5-70=;826A2-/<E2GA2- 4JO!
E!3/8-4M5-/.K17@2<6/16!682<- 4NP!
E!3/8-4S5-<:A8!@6!68- 4N4!
E!3/8-4O5-@2G32A6!68- 4NJ!
!
! !
! $!
.XYZ*+&-45-6%,+*-[\-,])+'->-[+"-$^X#B-
&LM!5K#!NLOPLQRLS!5IIK!TUNLMUPL!ETNPVPNQVMVNPLSVLP!LM!OSLNNLQLUULWLWNLJ!XYZSV!ULS!
NPZUJ![P!ULM!U[Y\SLMUL!SL]LSVM]!YVWWL!MLUN\PPL!LM!^ZQQVNNVZM!YLUS_SLMUL!
TM]UZQN^SVQVM[WVPLP!`XLSaS[!RLM\YMP!!"##$%%$"&'&bJ!ULS!N^TWWL!^TWL]S[YL!ULM!U[MN^L!
VMUN[PN!YLUS_SLMUL!aZSLRc]]LWNL!Z]!RL^\QOLWNL![a!TM]UZQN^SVQVM[WVPLP!
`ETNPVPNQVMVNPLSVLP!"b#!&[Y\SLMUL!dTNPVPNQVMVNPLSJ!1LML!2NOLSNLMJ!TUP[WPL!N[QQL!U[]!PVW!
EcWW[MUNOZNPLMJ![P!XTM!QePPL!LS^LMULJ![P!SL]LSVM]LMN!PVWP[]!QZU!TM]UZQN^SVQVM[WVPLP!
X[YUL!Y\SLP!TPVWNPS\^^LWV]LJ!Z]![P!ULS!RTSUL!N\PPLN!W[M]P!XeSULSL!VMU!ZYLS!aZS!R_SM!Z]!
TM]LJ!ULS!RL]eS!^SVQVM[WVPLP#!&LSaZS!N^TWWL!UL!aZSLRc]]LMUL!VMUN[PNLS!NPcS^LNJ!N[QPVUV]!
QLU![P!Q[M!QePPL!ZYLSYLdL!McL!N[M^PVZMLS!ZYLS!aZS!^SVQVMLWWL!TM]L#!:\SWV]!TUPSc^PL!
XTM!RL^cQSVM]!aZSJ![P!R_SM!XLWP!MLU!PVW!"5f"$feSN[WULSLM!RL]eS!YZWUN^SVQVM[WVPLP!
`,SPV^LW!"b#!*a_W]L!LM!SLUL]_SLWNL!aS[!ETNPVPNQVMVNPLSVLP!ZQ!TUYV^WVM]LM!V!
TM]UZQN^SVQVM[WVPLPLM!aS[!5II5!PVW!5I""J!X[YUL!ULS!U[!Z]Ne!Y\SLP!LM!NPV]MVM]!V!
YZWUN^SVQVM[WVPLPLM!RW[MUP!TM]L!V!"<f"KfeSN[WULSLM!aS[!5II5f5II=!`ETNPVPNQVMVNPLSVLP!5b#!
3LM!1LML!2NOLSNLM!TUP[WPL!V!dTNPVPNQVMVNPLSVLPN!OSLNNLQLUULWLWNL!a_W]LMULB(
(
)ghi!*+$#$&,-$.'.'&('+($(/'(%'&'+'(0+(1'&'+'-.(2,-/'.($(3,&#,+!4("1(/'.(%'+("1%0(5/(.$-4(,.(
26++'("1(26++'(5&1'(20+('&(!+$#$&'-(-78'8,&'9(:,#.$/$1('+(/'+('&(.'&/'&%(.$-4(,.(/'+('+('&(
1+5;;'(<0+/!"1.'(5&1'4(%"#(8'10+(#'+'(,-="+-$1(!+$#$&,-$.'.(%"#(2"+('!%'#;'-(+7='+$("1(
="-/9(>'1'+$&1'&(7&%!'+(,.(%6..'($&/("='+(2"+(/'&&'(1+5;;'(,2(<0+/'4(!+$#$&'--'(5&1'4(2"+(=$(
<='+!'&(!,&('--'+(=$-(,??';.'+'4(,.(5&1'(7/'-611'+(,&/+'%(-$=('--'+(/'+'%('1'.(='/(,.(8'1$='(
%$1(5/(;0('&(!+$#$&'-(-78'8,&'9)(`ETNPVPNQVMVNPLSVLP!"b#!
!
1LML!2NOLSNLMN!TUN[]M!TMULSNP_PPLN![a!TMULSN_]LWNLSJ!ULS!YVNLSJ![P![MP[WWLP![a!TM]L!
^SVQVMLWWL!LS!a[WULMUL!Z]!X[S!Y\SLP!ULP!NVULM!"44IjLSML!`([WYV]J!5I""B!"";b#!.e!PSZUN![a!
NPV]MVM]LM!V!YZWUN^SVQVM[WVPLPLM!^[M!Q[M!TMUSL!NV]!ZYLSJ![P!OZWVPV^LSML!Y[S!Ne!ZOP[]LP![a!
[P!aVMUL!Oe!McL!W_NMVM]LS!PVW!RL^\QOLWNL![a!TM]UZQN^SVQVM[WVPLPLMJ!MeS!ULM!
PVWNcMLW[ULMUL!Y[S!f!Z]!NP[UV]!LS!f!a[WULMUL!f!LP!O[S[UZ^NJ!NZQ!ULM!LM]LWN^L!
^SVQVMZWZ]VOSZaLNNZS!.[TW!9MLOOLS!RLPS[]PLS!NZQ!kZaaLMPWV]!NLWYaZSM\]PLWNLkJ!U[!
XYLS^LM!OZWVPV^LSL!LWWLS!dZTSM[WVNPLS!NcMLN![P!Y\SL!ZOP[]LP![a!ULP!a[^PTQJ![P!
TM]UZQN^SVQVM[WVPLPLM!LS!a[WULMUL!`9MLOOLSJ!5I"5B!$=Ib#!&LPPL!^[M!Y\SL!aZSRTMULP!
QLUJ![P!^SVQVM[WVPLPNOZWVPV^!LS!LP![a!UL!YV]PV]NPL!OZWVPV^ZQSeULS!VMULM!aZS!ULM!QZULSML!
OZWVPVN^L!^TWPTS!`3l1[T]XWVM!m!)LnRTSMJ!5I"IB!<b#!(L^\QOLWNL![a!TM]UZQN^SVQVM[WVPLP!
LS![WPNe!NP[UV]!LP!YVMULSRTUN^[R!V!LM!PVUJ!XYZS!a\SSL!Z]!a\SSL!TM]L!RL]eS!^SVQVM[WVPLP#!!
!
! ;!
&LM!M\YMPL!MLUN\PPLWNL![a!^ZQQVNNVZMLM!SLNTWPLSLUL!VJ![P!ULM!PVUWV]LSL!SL]LSVM]!`V!
Z^PZRLS!5II4b!^ZQ!QLU!TUNOVWWLP!k3LSL!^ZMNL^YLMNJ!ZOa_W]MVM]!Z]!ZQNZS]!>!LM!
Q[S^[MP!NPcS^LP!VMUN[PN!QZU!TM]UZQN^SVQVM[WVPLPk#!:LWYZQ!1LML!2NOLSNLM!PVUWV]LSL!
X[YUL!LS^LMUPJ![P!^SVQVM[WVPLPLM!Y[S!a[WULMULJ!YVWWL!Q[M!NP[UV]!X[YL!^W[S!RLN^LU!ZQJ!
XYVW^L!PVWP[]!ULS!^[M!aZSXVMUSLJ![P!TM]L!QLMMLN^LS!OeRL]cMULS!LM!^SVQVMLW!W_RLR[ML#!
/L]LSVM]LM!TUPSc^PL!ULM][M]B!)@0+(5&1'(!"##'+(5/($(!+$#$&,-$.'.4(+,##'+(/'.(
!+$#$&,-$.'.'&%("2+'4(#'&(/'.(+,##'+(%,#.$/$1(/'(5&1'%('1&'(2+'#.$/%#5-$1<'/'+9)(
`/L]LSVM]LMJ!5II4b#!3LU![MUSL!ZSUB!2M!NTllLNaTWU!^SVQVM[WVPLPNaZSLRc]]LWNL!YVW!
QLUa_SLJ![P!TM]LJ!ULS!RLaVMULS!NV]!V!SVNV^ZoZMLM!aZS![P!RWVYL!^SVQVMLWWLJ!aeS!RLUSL!
QTWV]XLULS!NLMLSL!V!WVYLP#!
%M]UZQN^SVQVM[WVPLP!LS!LP!N\SULWLN!QLUVLRLWcNP!ZQSeULJ!XYZS!UVN^TNNVZMLM!LS!OS\]LP!
[aJ!XYLQ!ULS!^[M!]_SLN![MNY[SWV]L!aZS!^SVQVMLWWL!X\MULWNLS!NZQ!N^ZWLX\SY\S^J!VMURSTU!
Z]!VWUNOeN\PPLWNL#!&LPPL![MNY[S!YVW![WPVU!a[WUL!PVWR[]L!Oe!SL]LSVM]LM!Z]!-ZW^LPVM]LPJ!ULS!dZ!
TU]_S!PZOOLM![a!ULP!NPcSVM]NQ\NNV]L!XVLS[S^V#!&LPPL!^[M!Y\SL!LM!ULW![a!aZS^W[SVM]LM!Oe!
SL]LSVM]LMN!_MN^L!ZQ![P!TMULSN_]L!UL!L^NVNPLSLMUL!VMUN[PNLS!Oe!ZQSeULP#!&LS!LS!LM!
W[M]!PS[UVPVZM!aZS![P!W[YL!^SVQVM[WVPLPNaZSLRc]]LMUL!aZS[MNP[WPMVM]LS!>!L^NLQOLWYVN!::.f!
N[Q[SRLdULP!`N^ZWLJ!N[QaTMU!Z]!OZWVPVbJ!ULM!a_SNPL!YZWUNO[^^L!Z]!ULM![MULM!YZWUNO[^^LJ!
ULS!RWLY!VMUa_SP!V!"44IjLSMLJ!^SVQVM[WaZSNZS]LMN!VMUa_SLWNL![a!QLMPZSZSUMVM]LSJ!ULP!
aZS_]LUL!aZ^TN!Oe!TM]UZQN^SVQVM[WVPLP!YLU!OZWVPVSLaZSQLMN!VMUa_SLWNL!V!5IIK!
`9ZQQVNNZSVTQB!"f<J!(LP\M^MVM]B!$";f"Ab#!
!
:LWYZQ!ULS!V^^L!Y[S!MZ]LP!McP!VJ![P!NP[PLM!N_]PL![P!aZSLRc]]L!Z]!RL^\QOL!
TM]UZQN^SVQVM[WVPLPJ!\MUSLUL!ULP!V^^L!Oe!ULP!aZSXZWUJ![P![MNY[SNUVN^TNNVZMLM![WPVU!
UT^^LS!ZOJ!MeS!TM]UZQN^SVQVMLWWL!X[MUWVM]LS!RWVYLS!]LMNP[MU!aZS!QLUVLSMLN!
RLYe]LMXLU#!,MNY[SN^ZMaWV^PLM!^TMML!ap!NLN!TMULS!NZQQLSLMN!TSZWV]XLULS!V!6ZWWNQZNL!
ZQ^SVM]!2VUfX_dPVULMJ!Z]!OeJ!XYZSU[M!UL!TUW_NPL!LM!OZWVPVN^!SL[^PVZMJ!XYZS!aWLSL!QVMVNPSL!
[aXZWUP!OSLNNLQ_UL!V!RcULWLMJ!Z]!aZSLRc]]LWNLNOSZdL^PLPN!WLULS!RWLY!ZON[]P!`,SPV^LW!5b#!
:LWYZQ!TSZWV]XLULSML!Y[S!LP!WZ^[WP![MWV]]LMUL!V!0ULMNL!9ZQQTMLJ!a[WUP![MNY[SLP!PVWR[]L!
Oe!SL]LSVM]LM#!&LPPL!LS!LP!L^NLQOLW!OeJ![P!^SVQVM[WVPLPNOSZRWLQLS!RLaVMULS!NV]!V!LM!
]SeoZML!QLWWLQ!NP[PLM!Z]!^ZQQTMLSMLJ!XYVW^LP!]_S!ULP!VMPLSLNN[MP![P!TMULSN_]LJ!
XYZSU[M!aZSLRc]]LWNLNVMUN[PNLM!V!LM!U[MN^!^ZQQTML!NPcSLNJ!Z]!XYVW^L!YVS^MVM]LS!ULPPL!
aeS!aZS!VMUN[PNLMN!LaaL^PLS#!
-
! -
! <!
4D4-.%[[Z''Z%"+"-X"_+(X&+)-,X#+Y&X"'X)_+`#+-'%[-Y)a^+"*Z^-
[+*%#+-
9ZQQVNNVZMLMN![MRLa[WVM]LS!aSLQ]eS![a!RLP\M^MVM]!"<IA!ZQ!VMUN[PNLM!QZU!
TM]UZQN^SVQVM[WVPLP!aS[!5II4J!Z]!aWLSL![a!UVNNL!LS!NVULMXLM!VQOWLQLMPLSLP!V!NeYLW!
WZY]VYMVM]LMJ!NZQ!V!LM!S\^^L!OTWdLNPcSLUL!VMVPV[PVYLS!TMULS!N[PNOTWdLM!5I"I#!
/LPN]STMUW[]LP!aZS!^ZQQTMLSMLN!aZSLRc]]LWNL![a!TM]UZQN^SVQVM[WVPLP!RWLY!Z]Ne!
\MUSLP!V!5I"IJ!U[!WZYaZSNW[]!"==!ZQ!\MUSVM]![a!WZY!ZQ!NZlV[W!NLSYVlL!Z]!WZY!ZQ!SLPPLMN!
OWLdL!PSeUPL!V!^S[aP!U#!"#!dTWV!5I"I!`WZY!MS#!<<"b#!1ZYLM!LS!LM!TUQ_MPMVM]![a!SL]LSVM]LMN!
[aP[WL!QLU!N[PNOTWdLO[SPVLSML"!ZQ!N[PNOTWdLM!aZS!5I"I!Z]!LS!ULSaZS!PVUNRL]S\MNLP#!
DMUSVM]LSML!X[SJ!ZYLS!LM!PSLeSV]!OLSVZULJ!PVW!aZSQeW![P!NPcS^L!ULP!
^SVQVM[WVPLPNaZSLRc]]LMUL![SRLdUL!Z]!UL!^SVQVM[WOS\YLMPVYL!VMUN[PNLS!`:9/!MS#!45K=b#!
DMUSVM]LSML![a!WZY!ZQ!NZlV[W!NLSYVlL!RLP_U!RW#[#J![P!^ZQQTMLSML!aZSOWV]PLUL!NV]!PVW![P!
W[YL!LM!N[QWLP!OW[M!aZS!VMUN[PNLM!QZU!TM]UZQN^SVQVM[WVPLPJ!NZQ!LM!ULW![a!ULM!
N[QQLMX\M]LMUL!R_SMLOZWVPV^!`WZY!MS#!<<"b#!:[PNOTWdLO[SPVLSML!RLNWTPPLUL!V!ULM!
aZSRVMULWNLJ![P!ULS!V!LM!;feSV]!OLSVZUL!aS[!5I"I!PVW!5I"$!N^TWWL!PVWa_SLN!;<;J"!QVZ#!^S#!PVW!
aZSLRc]]LWNL![a!TM]UZQN^SVQVM[WVPLP!`:[PNOTWdLMb5#!
:[PNOTWdLM!LS!LM!N\SWV]!aZSQ!aZS!NP[PNWV]!OTWdLJ!ULS!RWLY!VMUa_SP!V!"44I!Z]!NLMLNP!RWLY!
\MUSLP!V!5II$#!.TWdLMN!aZSQeWJ!NZQ!aZS^W[SLN![a!1[NNL!9dLWUNLM!aS[!8LMPLS!aZS!(ZWV]NZlV[W!
%UYV^WVM]J!LS![P!aSLQQL!VMMZY[PVYL!W_NMVM]LS!Oe!NZlV[WL!OSZRWLQNPVWWVM]LS!`(VW[]!$J!
$<B;"f$<B<5b#!0SUMVM]LM!VMULR\SLSJ![P!ULS!YLU!SL]TWLSVM]![a!ZYLSa_SNLWNVMU^ZQNPLSML!
[aN\PPLN!QVUWLS!PVW!LM!OTWdLJ!ULS!SLPPLS!NV]!QZU!N[QaTMULPN!NY[]LNPL!]STOOLS#!
:[PNOTWdLQVUWLSML!N^[W!RST]LN!PVW!VMVPV[PVYLSJ!ULS!^[M!Xd\WOL!UL!NLWYN[QQL!RZS]LSLJ!ULS!
QZUP[]LS!ZYLSa_SNLWNVMU^ZQNPLS!Z]![MUSL!NeSR[SL!]STOOLSJ!ap!^SVQVM[WVPLPNPSTLUL!R_SM!
`WZY!MS#!$K$b#!
0Q!N[PNOTWdLM!aS[!5I"I!NPeS!ULSJ![P!ULMML!X[S!PVW!aZSQeW![P!RL^\QOL!
TM]UZQN^SVQVM[WVPLPLM!V!&[MQ[S^!Z]!aSLQQL!McP\M^LMUL!VMVPV[PVYLS!`:[PNOTWdLMB!5b#!,a!
UL!;<;J"!QVZ#!^S#!RWLY!ULS![aN[P!"$KJ<!QVWWVZMLS!^S#!PVW!LP[RWLSVM]![a!XLWXLUNZSVLMPLSLUL!
][ULOW[MNVMUN[PNLS#!&VNNL!VMUN[PNLS!N^TWWL!aVMUL!NPLU!ZYLS!LM!;feSV]!OLSVZUL!V!MZ]WL![a!
W[MULPN!QLNP!TUN[PPL!Rcf!Z]!RZWV]ZQSeULS!`6LdWLUMVM]B!5b#!+[ULOW[MN[SRLdULP!aV^!NVM!
L]LM!OTWdLJ!U[!^ZQQVNNVZMLM!aSLQX\YLULJ![P!^SVQVMLWWL!TM]L!PVWRSVM]LS!QLSL!PVU!QLU!
ULSLN!^[QQLS[PLS!V!][ULQVWd_LP!LMU!WZYWcUV]L!TM]L!]_S#!&LSaZS![MP[]LN!
][ULOW[MNVMUN[PNLS![P!Y\SL!YVS^MVM]NaTWULJ!U[!][ULOW[MNQLU[SRLdULSML!Q_ULS!UL!TM]L!
ULSJ!XYZS!UL!LS!`(LP\M^MVM]B!K5b#!.e!ULM!R[]]STMU!_MN^LS!YV!XLS![P!TMULSN_]LJ!XY[U!ULS!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"!&LM!U[Y\SLMUL!SL]LSVM]!`6LMNPSL!Z]!&LP!9ZMNLSY[PVYL!-ZW^LO[SPVbJ!:ZlV[WULQZ^S[PLSMLJ!&[MN^!-ZW^LO[SPVJ!
:ZlV[WVNPVN^!-ZW^LO[SPVJ!&LP!/[UV^[WL!6LMNPSL!Z]!1VRLS[W!,WWV[MlL!
5!:[PNOTWdLM!5I"I!RLNPZU!UZ]!Z]Ne![a![MUSL!NZlV[WL!VMVPV[PVYLS!LMU!OSZdL^PLS!PVW!aZSLRc]]LWNL![a!
TM]UZQN^SVQVM[WVPLP!
! =!
N^LSJ!MeS!NP[PLM!ULaVMLSLS!VMUXZWULP![a!ULM!WZ^[WL!^SVQVM[WVPLPNaZSLRc]]LWNLNNPS[PL]V#!&LP!
N^[W!TMULSNPSL]LNJ![P!ULP!LS!aSVYVWWV]P!aZS!^ZQQTMLSMLJ!ZQ!UL!YVW!N_]L!NP[PNOTWdLQVUWLS#!
3LM!V!_^ZMZQVN^!PS\M]PL!PVULS!^[M!Q[M!aZSLNPVWWL!NV]J![P!LMXYLS!aZSQ!aZS!RVNP[MU![MNLN!
aZS!YLW^ZQQLM!>!Z]Ne!NLWYZQ!RVNP[MULM!^ZQQLS!QLU!MZ]WL!^S[Y!ZQJ!XYZSU[M!
aZSLRc]]LWNLM!N^[W!TUaZSQLN!Oe!WZ^[WP!OW[M#!!
&LSaZS!LS!ULP!Z]Ne!QLMVM]NaTWUP![P!TMULSN_]L!N[PNOTWdLOSZdL^PLSMLN!QTWV]XLU!aZS!
^ZQQTM[W!aZS[M^SVM]J!MeS!N[PNOTWdLOLSVZULM!Z]!UL!ULSPVWX_SLMUL!QVUWLS!ZOX_SLS#!!
!
4DJ-.)Z[Z"X&Z*+*+"-b#-X(-#+-'%cZX&*-_+&X'*+#+-%[)\#+)-
3LU!TU][M]NOTM^P!V!^ZQQVNNVZMLMN![MRLa[WVM]LSJ!RWLY!ULS!QLU!N[PNOTWdLM!5I"I![aN[P!
^M[O!";I!QVZ#!^S#!PVW!^SVQVM[WVPLPNaZSLRc]]LWNL!Oe!][ULOW[M#!:[PNOTWdLO[SPVLSML!TUY[W]PL!
5<!OSZRWLQS[QPL!RZWV]ZQSeULS!V!";!aZSN^LWWV]L!^ZQQTMLS#!&L!^ZQQTMLSJ!ULS!RWLY!
VMYVPLSLP!PVW![P![MN_]L!OTWdLM!Y[S!9_RLMX[YMJ!*NX_dJ!+SLYLJ!HZWR\^J!1ZWW[MUJ!0ULMNLJ!
:YLMURZS]J!H[ULSNWLYJ!:_MULSRZS]J!-SLULSVlV[J!HZSNLMNJ!:VW^LRZS]J!,[SXTN!Z]!,[WRZS]#!
-\WWLN!aZS!UVNNL!^ZQQTMLS!Y[SJ![P!UL![WWL!X[YUL!TUN[PPL!RZWV]ZQSeULSJ!ULS!WLYLUL!ZO!PVW!
N[PNOTWdLO[SPVLSMLN!TUY\W]LWNLN^SVPLSVLS!aZS!PVWULWVM]![a!QVUWLSML#!.[SPVLSML!W[]UL!V!
TUY\W]LWNLM!Y\]P!Oe!RZWV]ZQSeULSMLN!NP_SSLWNLJ![MULWLM![a!R_SM!Z]!TM]LJ![MULWLM![a!
TM]L!RLRZLSL!TULM!aZS![SRLdUNQ[S^LULP!Z]![MP[WWLP![a![MQLWULWNLS![a!
NPS[aaLWZYNZYLSPS\ULWNLS!V!Z]!ZQ^SVM]!ZQSeULSML!`6LdWLUMVM]B!$f4b#!HLSPVW!^[M!PVWa_dLNJ![P!
aWLSL![a!UVNNL!RZWV]ZQSeULS!NLMLSL!^ZQ!Oe!:ZlV[WQVMVNPLSVLPN!]XLPPZWVNPL!aS[!5I"I!
`+XLPPZWVNPL!5I"IbJ!XYZS!UL!aV^!VQOWLQLMPLSLP!aWLSL!^SVQVM[WOS\YLMPVYL!VMUN[PNLS!
`/L]LSVM]LM!5I"IB!$"b#!&VNNL!RZWV]ZQSeULS!LS!ULNTULM!TUY[W]P!YLU![P!Y\SL!
RZWV]^ZQOWL^NLSJ!XYZS![MULWLM![a!TM]L!LS!NP_SSL!LMU!W[MUN]LMMLQNMVPPLPJ!XYZSaZS!ULS!
[TPZQ[PVN^!YVW!Y\SL!LM!NP_SSL!SVNV^Z!aZS!^SVQVM[WVPLPJ!U[!ULP!ZaPLNP!LS!V!TM]UZQNeSLML!
^SVQVM[WVPLPLM!RL]eN!`H[T]LJ!5II4B!555b#!&LP!VMPLSLNN[MPL!YLU!OTWdLM!PVW!
][ULOW[MNVMUN[PNLSML!LSJ![P!ULM!LS!SLPPLP!QZU!5<!NOLlVaV^^L!RZWV]ZQSeULSJ!ULS!PSZUN!
a\WWLN!^[S[^PLSVNPV^[!RLaVMULS!NV]!V![WWL!ULWL![a!W[MULPJ!Z]!ULSaZS!X[S!QL]LP!aZSN^LWWV]L!
ZQ]VYLWNLS#!:O_S]NQeWLP!LSB!9[M!Q[M!W[YL!LM!a\WWLN!NPS[PL]VJ!ULS!^[M![USLNNLSL!
^SVQVM[WVPLPNOSZRWLQLS!V!ap!ReUL!9_RLMX[YM!Z]!:_MULSRZS]F!-
,a!:ZlV[WQVMVNPLSVLPN!YLdWLUMVM]!PVW!^ZQQTMLSMLN!][ULOW[MN[MN_]MVM]LS!aSLQ]eS!ULPJ!
XYVW^L!^S[Y!^ZQQTMLSML!N^[W!WLYL!ZO!PVW!aZS![P!ae!ULW!V!OTWdLQVUWLSML#!*MUWLUMVM]NYVN!
aSLQX\YLN!ULPJ![P!LM!NPcS^LP!][ULOW[MNVMUN[PN!V!UL!TUN[PPL!RZWV]ZQSeULS!N^[W!QLUYVS^L!
PVWJ![P!R_SMJ!ULS!LS!V!a[SLoZMLM!aZS![P!RL]e!^SVQVM[WVPLPJ!TMU]eS![P!RLY\]L!NV]!VMU!Oe!ULM!
^SVQVMLWWL!W_RLR[MLJ!Z]![P!R_SM!Z]!TM]LJ!ULS![WWLSLUL!X[S!RL]eLP!^SVQVM[WVPLPJ!N^[W!
aZSXVMUSLN!V![P!aZSPN\PPL!ULSLN!^SVQVMLWWL!^[SSVLSL#!+[ULOW[MNVMUN[PNLSML!N^[W!NV^SLJ![P!
! K!
Description:del af et kriminalitetsforebyggende projekt > bede ud fra den indfaldsvinkel, at det er dem, projektet handler om, men . at bede kriminelle og lovlydige handlinger l\res i samspil med andre f en l\ringsproces, hvor man undervejs tilegner Merton var inspireret af Emile Durkheims. (1858>1917) teorie