256 15 1MB
Italian Pages 219 [76] Year 2014
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
,YRVWULQDWLWRUFDQRLOYLVRGDYRL
/DPDODWWLDYLLPSHGLVFD
2YLVLVIDFFLDODFDVD
5LSHWHWHOHDLYRVWULILJOL
&RULFDQGRYLDO]DQGRYL
6WDQGRLQFDVDDQGDQGRSHUYLD
6FROSLWHOHQHOYRVWURFXRUH
9LFRPDQGRTXHVWHSDUROH
0HGLWDWHFKHTXHVWR¨VWDWR
&RPHXQDUDQDGߞLQYHUQR
9XRWLJOLRFFKLHIUHGGRLOJUHPER
6HQ]DSLºIRU]DGLULFRUGDUH
6HQ]DFDSHOOLHVHQ]DQRPH 6H 6HQ
&RQVLGHUDWHVHTXHVWD¨XQDGRQQD &RQVLGH
&KHPXRUHSHUXQVRSHUXQQR &KHPXRUH PXRUH
&KHORWWDSHUPH]]RSDQH KHORWWD KHORWWDSH
&KHQRQFRQRVFHSDFH & QRQ
&KHODYRUDQHOIDQJR &KH &KH
&RQVLGHUDWHVHTXHVWR¨XQXRPR &RQVLGH
,OFLERFDOGRHYLVLDPLFL OFLERFDOGRH ERFDOGR
IO D U E T S BIL I R D E P EN V N O
9RLFKHWURYDWHWRUQDQGRDVHUD FKHWUR FKHWURY
1HOOHYRVWUHWLHSLGHFDVH
9RLFKHYLYHWHVLFXUL
TESTO PER STUDIO UNITO
6HTXHVWR¨XQXRPR
COPIA NON VENDIBILE
N
COPIA NON VENDIBILE
35,02/(9,
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
(UR VWDWR FDWWXUDWR GDOOD 0LOL]LD IDVFLVWD LO GLFHPEUH $YHYR YHQWLTXDWWUR DQQLSRFRVHQQRQHVVXQDHVSHULHQ]DHXQDGHFLVDSURSHQVLRQHIDYRULWDGDOUHJLPHGL VHJUHJD]LRQHDFXLGDTXDWWURDQQLOHOHJJLUD]]LDOLPLDYHYDQRULGRWWRDYLYHUHLQXQPLR DFXLGD FXLG PRQGR VFDUVDPHQWH UVDPHQWH UUHDOH SRSRODWR GD FLYLOL IDQWDVPL FDUWHVLDQL GD VLQFHUH DPLFL]LH PDVFKLOL H GD DPLF DPLFL]LH IHPPLQLOL HVDQJXL &ROWLYDYR XQ PRGHUDWR H DVWUDWWR VHQVR GL ULEHOOLRQH RQH RQH HUD VWDWR 1RQ PL HU WDW IDFLOH VFHJOLHUH OD YLD GHOOD PRQWDJQD H FRQWULEXLUH D PHWWHUH LQ WDWR SLHGLTXDQWRQHOODRSLQLRQHPLDHGLDOWULDPLFLGLPHSRFRSLºHVSHUWLDYUHEEHGRYXWR SLHGLTXDQ SLHGLTXDQW QHOODRSLQ HOODRSLQ GLYHQWDUHXQDEDQGDSDUWLJLDQDDIILOLDWDDl*LXVWL]LDH/LEHUW {0DQFDYDQRLFRQWDWWLOH GLYHQ GLYHQWDU QDEDQGDSD DUPL L TXDWWULQL HH OߞHVSHULHQ]D SHU SURFXUDUVHOL PDQFDYDQR JOL XRPLQL FDSDFL HG DUPL HUDYDPRLQYHFHVRPPHUVLGDXQGLOXYLRGLJHQWHVTXDOLILFDWDLQEXRQDHLQPDODIHGH HU PRLQYHFH FKHDUULYDYDODVVºGDOODSLDQXUDLQFHUFDGLXQDRUJDQL]]D]LRQHLQHVLVWHQWHGLTXDGULGL HDUULYDYD HDUULYDYDO DUPLRDQFKHVRORGLSURWH]LRQHGLXQQDVFRQGLJOLRGLXQIXRFRGLXQSDLRGLVFDUSH DUPLRDQ DUPLRDQF TXHO WHPSR QRQ PL HUD VWDWD DQFRUD LQVHJQDWD OD GRWWULQD FKH GRYHYR SLº WDUGL $ T TX UDSLGDPHQWHLPSDUDUHLQ/DJHUHVHFRQGRODTXDOHSULPRXIILFLRGHOOߞXRPR¨SHUVHJXLUH UDSLG LL SURSUL VFRSL FRQ PH]]L LGRQHL H FKL VEDJOLD SDJD SHU FXL QRQ SRVVR FKH FRQVLGHUDUH FRQIRUPHDJLXVWL]LDLOVXFFHVVLYRVYROJHUVLGHLIDWWL7UHFHQWXULHGHOOD0LOL]LDSDUWLWHLQ SLHQDQRWWHSHUVRUSUHQGHUHXQߞDOWUDEDQGDGLQRLEHQSLºSRWHQWHHSHULFRORVDDQQLGDWD QHOOD YDOOH FRQWLJXD LUUXSSHUR LQ XQD VSHWWUDOH DOED GL QHYH QHO QRVWUR ULIXJLR H PL FRQGXVVHURDYDOOHFRPHSHUVRQDVRVSHWWD 1HJOLLQWHUURJDWRULFKHVHJXLURQRSUHIHULLGLFKLDUDUHODPLDFRQGL]LRQHGLlFLWWDGLQR LWDOLDQRGLUD]]DHEUDLFD{SRLFK©ULWHQHYRFKHQRQVDUHLULXVFLWRDJLXVWLILFDUHDOWULPHQWL OD PLD SUHVHQ]D LQ TXHL OXRJKL WURSSR DSSDUWDWL DQFKH SHU XQR lVIROODWR{ H VWLPDYR D WRUWR FRPH VL YLGH SRL FKH OߞDPPHWWHUH OD PLD DWWLYLW SROLWLFD DYUHEEH FRPSRUWDWR WRUWXUH H PRUWH FHUWD &RPH HEUHR YHQQL LQYLDWR D )RVVROL SUHVVR 0RGHQD GRYH XQ YDVWRFDPSRGLLQWHUQDPHQWRJL GHVWLQDWRDLSULJLRQLHULGLJXHUUDLQJOHVLHDPHULFDQL DQGDYDUDFFRJOLHQGRJOLDSSDUWHQHQWLDOOHQXPHURVHFDWHJRULHGLSHUVRQHQRQJUDGLWHDO QHRQDWRJRYHUQRIDVFLVWDUHSXEEOLFDQR $O PRPHQWR GHO PLR DUULYR H FLR¨ DOOD ILQH GHO JHQQDLR JOL HEUHL LWDOLDQL QHO FDPSR HUDQR FHQWRFLQTXDQWD FLUFD PD HQWUR SRFKH VHWWLPDQH LO ORUR QXPHUR JLXQVH D ROWUHVHLFHQWR6LWUDWWDYDSHUORSLºGLLQWHUHIDPLJOLHFDWWXUDWHGDLIDVFLVWLRGDLQD]LVWL SHU ORUR LPSUXGHQ]D R LQ VHJXLWR D GHOD]LRQH $OFXQL SRFKL VL HUDQR FRQVHJQDWL VSRQWDQHDPHQWHRSHUFK©ULGRWWLDOODGLVSHUD]LRQHGDOODYLWDUDQGDJLDRSHUFK©SULYLGL PH]]L R SHU QRQ VHSDUDUVL GD XQ FRQJLXQWR FDWWXUDWR R DQFKH DVVXUGDPHQWH SHU lPHWWHUVL LQ RUGLQH FRQ OD OHJJH{ 9ߞHUDQR LQROWUH XQ FHQWLQDLR GL PLOLWDUL MXJRVODYL
,OYLDJJLR
IO D U E T S BIL I R D E P EN V N O
3HUPLDIRUWXQDVRQRVWDWRGHSRUWDWRDG$XVFKZLW]VRORQHOHFLR¨GRSRFKHLO JRYHUQRWHGHVFRGDWDODFUHVFHQWHVFDUVLW GLPDQRGRSHUDDYHYDVWDELOLWRGLDOOXQJDUH ODYLWDPHGLDGHLSULJLRQLHULGDHOLPLQDUVLFRQFHGHQGRVHQVLELOLPLJOLRUDPHQWLQHOWHQRU GLYLWDHVRVSHQGHQGRWHPSRUDQHDPHQWHOHXFFLVLRQLDGDUELWULRGHLVLQJROL 3HUFL²TXHVWRPLROLEURLQIDWWRGLSDUWLFRODULDWURFLQRQDJJLXQJHQXOODDTXDQWR¨ RUPDL QRWR DL OHWWRUL GL WXWWR LO PRQGR VXOOߞLQTXLHWDQWH DUJRPHQWR GHL FDPSL GL GLVWUX]LRQH(VVRQRQ¨VWDWRVFULWWRDOORVFRSRGLIRUPXODUHQXRYLFDSLGLDFFXVDSRWU SLXWWRVWRIRUQLUHGRFXPHQWLSHUXQRVWXGLRSDFDWRGLDOFXQLDVSHWWLGHOOߞDQLPRXPDQR$ PROWL LQGLYLGXL R SRSROL SX² DFFDGHUH GL ULWHQHUH SLº R PHQR FRQVDSHYROPHQWH FKH lRJQLVWUDQLHUR¨QHPLFR{3HUORSLºTXHVWDFRQYLQ]LRQHJLDFHLQIRQGRDJOLDQLPLFRPH XQD LQIH]LRQH ODWHQWH VL PDQLIHVWD VROR LQ DWWL VDOWXDUL H LQFRRUGLQDWL H QRQ VWD DOOߞRULJLQH GL XQ VLVWHPD GL SHQVLHUR 0D TXDQGR TXHVWR DYYLHQH TXDQGR LO GRJPD LQHVSUHVVRGLYHQWDSUHPHVVDPDJJLRUHGLXQVLOORJLVPRDOORUDDOWHUPLQHGHOODFDWHQD QD VWD LO /DJHU (VVR ¨ LO SURGRWWR GL XQD FRQFH]LRQH GHO PRQGR SRUWDWD DOOH H VXH FRQVHJXHQ]H FRQ ULJRURVD FRHUHQ]D ILQFK© OD FRQFH]LRQH VXVVLVWH OH FRQVHJXHQ]H J HQ]H FFL PLQDFFLDQR/DVWRULDGHLFDPSLGLGLVWUX]LRQHGRYUHEEHYHQLUHLQWHVDGDWXWWLFRPHXQ XWWLFRP WWLFR H X XQ VLQLVWURVHJQDOHGLSHULFROR 0LUHQGRFRQWRHFKLHGRYHQLDGHLGLIHWWLVWUXWWXUDOLGHOOLEUR6HQRQGLIDWWRFRPH QRQGLIDWWR RQGLIDWWR RPH LQWHQ]LRQH H FRPH FRQFH]LRQH HVVR ¨ QDWR JL ILQ GDL JLRUQL GL /DJHU ,O ELVRJQR EL JQR GL E UDFFRQWDUHDJOLlDOWUL{GLIDUHJOLlDOWUL{SDUWHFLSLDYHYDDVVXQWRIUDQRLSULPDGHOOD QWRIUDQRL LPDGHOOD QWRIUDQRL OLEHUD]LRQH H GRSR LO FDUDWWHUH GL XQ LPSXOVR LPPHGLDWR DWR H YLROHQWR YLROH R WDQWR GD ULYDOHJJLDUH FRQ JOL DOWUL ELVRJQL HOHPHQWDUL LO OLEUR ¨ VWDWR WDWR VFULWWR VFULWWR SHU HU VRGGLVIDUH VRGGLVIDU D TXHVWR ELVRJQR LQ SULPR OXRJR TXLQGL D VFRSR GL OLEHUD]LRQH LQWHULRUH 'L TXL RQH LQ LQW TXL LO VXR FDUDWWHUH IUDPPHQWDULR L FDSLWROL VRQR VWDWL VFULWWL QRQ LQ VXFFHVVLRQH ORJLFD LFD PD SHU RUGLQH GL XUJHQ]D ,O ODYRUR GL UDFFRUGR H GL IXVLRQH ¨ VWDWR VYROWR VX SLDQR HG ¨ SRVWHULRUH 0LSDUHVXSHUIOXRDJJLXQJHUHFKHQHVVXQRGHLIDWWL¨LQYHQWDWR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
7XWWL VFRSURQR SLº R PHQR SUHVWR QHOOD ORUR YLWD FKH OD IHOLFLW SHUIHWWD QRQ ¨ UHDOL]]DELOH PD SRFKL VL VRIIHUPDQR LQYHFH VXOOD FRQVLGHUD]LRQH RSSRVWD FKH WDOH ¨ DQFKHXQDLQIHOLFLW SHUIHWWD,PRPHQWLFKHVLRSSRQJRQRDOODUHDOL]]D]LRQHGLHQWUDPELL GXHVWDWLOLPLWHVRQRGHOODVWHVVDQDWXUDFRQVHJXRQRGDOODQRVWUDFRQGL]LRQHXPDQDFKH ¨ QHPLFD GL RJQL LQILQLWR 9L VL RSSRQH OD QRVWUD VHPSUH LQVXIILFLHQWH FRQRVFHQ]D GHO IXWXURHTXHVWRVLFKLDPDLQXQFDVRVSHUDQ]DHQHOOߞDOWURLQFHUWH]]DGHOGRPDQL9LVL RSSRQH OD VLFXUH]]D GHOOD PRUWH FKH LPSRQH XQ OLPLWH D RJQL JLRLD PD DQFKH D RJQL TESTO PER STUDIO UNITO
&RQODDVVXUGDSUHFLVLRQHDFXLDYUHPPRSLºWDUGLGRYXWRDELWXDUFLLWHGHVFKLIHFHUR &RQ &RQ OߞDSSHOOR$OODILQHߙ:LHYLHO6W¼FN"ߙGRPDQG²LOPDUHVFLDOORHLOFDSRUDOHVDOXW²GL OߞDSS VVFDWWRHULVSRVHFKHLlSH]]L{HUDQRVHLFHQWRFLQTXDQWDHFKHWXWWRHUDLQRUGLQHDOORUDFL VF FDULFDURQRVXLWRUSHGRQLHFLSRUWDURQRDOODVWD]LRQHGL&DUSL4XLFLDWWHQGHYDLOWUHQRH ODVFRUWDSHULOYLDJJLR4XLULFHYHPPRLSULPLFROSLHODFRVDIXFRVQXRYDHLQVHQVDWD FKH QRQ SURYDPPR GRORUH QHO FRUSR Q© QHOOߞDQLPD 6ROWDQWR XQR VWXSRUH SURIRQGR FRPHVLSX²SHUFXRWHUHXQXRPRVHQ]DFROOHUD" , YDJRQL HUDQR GRGLFL H QRL VHLFHQWRFLQTXDQWD QHO PLR YDJRQH HUDYDPR TXDUDQWDFLQTXH VROWDQWR PD HUD XQ YDJRQH SLFFROR (FFR GXQTXH VRWWR L QRVWUL RFFKL VRWWRLQRVWULSLHGLXQDGHOOHIDPRVHWUDGRWWHWHGHVFKHTXHOOHFKHQRQULWRUQDQRTXHOOH GL FXL IUHPHQGR H VHPSUH XQ SRFR LQFUHGXOL DYHYDPR FRV VSHVVR VHQWLWR QDUUDUH 3URSULRFRVSXQWRSHUSXQWRYDJRQLPHUFLFKLXVLGDOOߞHVWHUQRHGHQWURXRPLQLGRQQH EDPELQL FRPSUHVVL VHQ]D SLHW FRPH PHUFH GL GR]]LQD LQ YLDJJLR YHUVR LO QXOOD LQ YLDJJLRDOOߞLQJLºYHUVRLOIRQGR4XHVWDYROWDGHQWURVLDPRQRL
LFROVHFR LFROVHFRP /ߞDOEDFLFROVHFRPHXQWUDGLPHQWRFRPHVHLOQXRYRVROHVLDVVRFLDVVHDJOLXRPLQL QHOOD GHOLEHUD]LRQH OLEHUD]LRQH GL GLVWUXJJHUFL , GLYHUVL VHQWLPHQWL FKH VL DJLWDYDQR LQ QRL GL FRQVDSHYROHDFFHWWD]LRQHGLULEHOOLRQHVHQ]DVERFFKLGLUHOLJLRVRDEEDQGRQRGLSDXUD DSHYROHDFFH SHYROHDFFH GLGLVSHUD]LRQHFRQIOXLYDQRRUPDLGRSRODQRWWHLQVRQQHLQXQDFROOHWWLYDLQFRQWUROODWD GLVSHUD]LRQ FRQ IROOLD,OWHPSRGLPHGLWDUHLOWHPSRGLVWDELOLUHHUDQRFRQFOXVLHRJQLPRWRGLUDJLRQHVL IROOLD,OWH IROOLD,OWHP RGLPHGL GLPHGL VFLROVHQHOWXPXOWRVHQ]DYLQFROLVXFXLGRORURVLFRPHFROSLGLVSDGDHPHUJHYDQRLQXQ VFLROVHQ FLROV WXPXOWRVHQ XPXOWRVHQ ODPSRFRVYLFLQLDQFRUDQHOWHPSRHQHOORVSD]LRLULFRUGLEXRQLGHOOHQRVWUHFDVH ODPS FRVYLFLQLD RVYLFLQLD 0ROWH DOORUD IUD QRL GHWWH H IDWWH PD GL TXHVWH ¨ EHQH FKH QRQ UHVWL ROWH FRVH IXURQR IX PHPRULD HPRULD PRULD
IO D U E T S BIL I R D E P EN O V T N S TE NO
DWWUDYHUVR PROWL H OXQJKL YLDJJL H VHPSUH DYHYDQR SRUWDWL FRQ V© JOL VWUXPHQWL GHO PHVWLHUHHODEDWWHULDGLFXFLQDHOHILVDUPRQLFKHHLOYLROLQRSHUVXRQDUHHEDOODUHGRSR ODJLRUQDWDGLODYRURSHUFK©HUDQRJHQWHOLHWDHSLD/HORURGRQQHIXURQROHSULPHIUD WXWWHDVEULJDUHLSUHSDUDWLYLSHULOYLDJJLRVLOHQ]LRVHHUDSLGHDIILQFK©DYDQ]DVVHWHPSR SHULOOXWWRHTXDQGRWXWWRIXSURQWROHIRFDFFHFRWWHLIDJRWWLOHJDWLDOORUDVLVFDO]DURQR VL VFLROVHUR L FDSHOOL H GLVSRVHUR DO VXROR OH FDQGHOH IXQHEUL H OH DFFHVHUR VHFRQGR LO FRVWXPH GHL SDGUL H VHGHWWHUR D WHUUD D FHUFKLR SHU OD ODPHQWD]LRQH H WXWWD QRWWH SUHJDURQR H SLDQVHUR 1RL VRVWDPPR QXPHURVL GDYDQWL DOOD ORUR SRUWD H FL GLVFHVH QHOOߞDQLPDQXRYRSHUQRLLOGRORUHDQWLFRGHOSRSRORFKHQRQKDWHUUDLOGRORUHVHQ]D VSHUDQ]DGHOOߞHVRGRRJQLVHFRORULQQRYDWR
COPIA NON VENDIBILE
LQWHUQDWLHDOFXQLDOWULVWUDQLHULFRQVLGHUDWLSROLWLFDPHQWHVRVSHWWL /ߞDUULYRGLXQSLFFRORUHSDUWRGL66WHGHVFKHDYUHEEHGRYXWRIDUGXELWDUHDQFKHJOL RWWLPLVWL VL ULXVF WXWWDYLD D LQWHUSUHWDUH YDULDPHQWH TXHVWD QRYLW VHQ]D WUDUQH OD SLº RYYLD GHOOH FRQVHJXHQ]H LQ PRGR FKH QRQRVWDQWH WXWWR OߞDQQXQFLR GHOOD GHSRUWD]LRQH WURY²JOLDQLPLLPSUHSDUDWL ,OJLRUQRIHEEUDLRLWHGHVFKLDYHYDQRLVSH]LRQDWRLOFDPSRFRQFXUDDYHYDQRIDWWH SXEEOLFKH H YLYDFL ULPRVWUDQ]H DO FRPPLVVDULR LWDOLDQR SHU OD GLIHWWRVD RUJDQL]]D]LRQH GHO VHUYL]LR GL FXFLQD H SHU OR VFDUVR TXDQWLWDWLYR GHOOD OHJQD GLVWULEXLWD SHU LO ULVFDOGDPHQWRDYHYDQRSHUILQRGHWWRFKHSUHVWRXQߞLQIHUPHULDDYUHEEHGRYXWRHQWUDUHLQ HIILFLHQ]D0DLOPDWWLQRGHOVLVHSSHFKHOߞLQGRPDQLJOLHEUHLVDUHEEHURSDUWLWL7XWWL QHVVXQD HFFH]LRQH $QFKH L EDPELQL DQFKH L YHFFKL DQFKH L PDODWL 3HU GRYH QRQ VL VDSHYD 3UHSDUDUVL SHU TXLQGLFL JLRUQL GL YLDJJLR 3HU RJQXQR FKH IRVVH PDQFDWR DOOߞDSSHOORGLHFLVDUHEEHURVWDWLIXFLODWL 6ROWDQWR XQD PLQRUDQ]D GL LQJHQXL H GL LOOXVL VL RVWLQ² QHOOD VSHUDQ]D QRL DYHYDPR SDUODWRDOXQJRFRLSURIXJKLSRODFFKLHFURDWLHVDSHYDPRFKHFRVDYROHYDGLUHSDUWLUH 1HL ULJXDUGL GHL FRQGDQQDWL D PRUWH OD WUDGL]LRQH SUHVFULYH XQ DXVWHUR FHULPRQLDOH DWWRDPHWWHUHLQHYLGHQ]DFRPHRJQLSDVVLRQHHRJQLFROOHUDVLDQRRUPDLVSHQWHHFRPH OߞDWWR GL JLXVWL]LD QRQ UDSSUHVHQWL FKH XQ WULVWH GRYHUH YHUVR OD VRFLHW WDOH GD SRWHUH DFFRPSDJQDUVLDSLHW YHUVRODYLWWLPDGDSDUWHGHOORVWHVVRJLXVWL]LHUH6LHYLWDSHUFL²DO FRQGDQQDWR RJQL FXUD HVWUDQHD JOL VL FRQFHGH OD VROLWXGLQH H RYH OR GHVLGHUL RJQL FRQIRUWRVSLULWXDOHVLSURFXUDLQVRPPDFKHHJOLQRQVHQWDLQWRUQRDV©OߞRGLRROߞDUELWULR LR PDODQHFHVVLW HODJLXVWL]LDHLQVLHPHFRQODSXQL]LRQHLOSHUGRQR 0DDQRLTXHVWRQRQIXFRQFHVVRSHUFK©HUDYDPRWURSSLHLOWHPSRHUDSRFRHSRL HSR HSRL ILQDOPHQWH GL FKH FRVD DYUHPPR GRYXWR SHQWLUFL H GL FKH FRVD YHQLU SHUGRQDWL" HUGRQ " ,O HUGRQD FRPPLVVDULRLWDOLDQRGLVSRVHGXQTXHFKHWXWWLLVHUYL]LFRQWLQXDVVHURDIXQ]LRQDUHILQR XQ]LRQDUH XQ]LRQDUH DOOߞDQQXQ]LR GHILQLWLYR OD FXFLQD ULPDVH SHUFL² LQ HIILFLHQ]D OH FRUY©HV RUY©HV GL SXOL]LD S L]L ODYRUDURQR FRPH GL FRQVXHWR H SHUILQR L PDHVWUL H L SURIHVVRUL GHOOD SLFFROD SLFFR VFXROD SLFF WHQQHUR OH]LRQH D VHUD FRPH RJQL JLRUQR 0D DL EDPELQL TXHOOD D VHUD QRQ QRQ IIX DVVHJQDWR FRPSLWR (YHQQHODQRWWHHIXXQDQRWWHWDOHFKHVLFRQREEHFKHRFFKLXPDQLQRQDYUHEEHUR HRFFKLXP QRQDYUHEE GRYXWR DVVLVWHUYL H VRSUDYYLYHUH 7XWWL VHQWLURQR TXHVWR QHVVXQ QHVVXQR GHL JXDUGLD JXDUGLDQL Q© VVX LWDOLDQL Q© WHGHVFKL HEEH DQLPR GL YHQLUH D YHGHUH FKH FRVD IDQQR JOL XRPLQL PLQ TXDQGR VDQQRGLGRYHUPRULUH 2JQXQR VL FRQJHG² GDOOD YLWD QHO PRGR FKH SLº JOL VL DGGLFHYD $OFXQL SUHJDURQR DOWUL EHYYHUR ROWUH PLVXUD DOWUL VL LQHEULDURQR GL QHIDQGD XOWLPD SDVVLRQH 0D OH PDGUL YHJOLDURQR D SUHSDUDUH FRQ GROFH FXUD LO FLER SHU LO YLDJJLR H ODYDURQR L EDPELQL H IHFHURLEDJDJOLHDOOߞDOEDLILOLVSLQDWLHUDQRSLHQLGLELDQFKHULDLQIDQWLOHVWHVDDOYHQWR DGDVFLXJDUHHQRQGLPHQWLFDURQROHIDVFHHLJLRFDWWROLHLFXVFLQLHOHFHQWRSLFFROH FRVH FKH HVVH EHQ VDQQR H GL FXL L EDPELQL KDQQR LQ RJQL FDVR ELVRJQR 1RQ IDUHVWH DQFKH YRL DOWUHWWDQWR" 6H GRYHVVHUR XFFLGHUYL GRPDQL FRO YRVWUR EDPELQR YRL QRQ JOL GDUHVWHRJJLGDPDQJLDUH" 1HOODEDUDFFD$DELWDYDLOYHFFKLR*DWWHJQRFRQODPRJOLHHLPROWLILJOLHLQLSRWLH L JHQHUL H OH QXRUH RSHURVH 7XWWL JOL XRPLQL HUDQR IDOHJQDPL YHQLYDQR GD 7ULSROL
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
9HQQHDXQWUDWWRORVFLRJOLPHQWR/DSRUWLHUDIXDSHUWDFRQIUDJRUHLOEXLRHFKHJJL²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ߞXQ OߞDOWURPDWLPLGDPHQWHDPH]]DYRFH OWURPDWLP PH P 8QDGHFLQDGL66VWDYDQRLQGLVSDUWHOߞDULDLQGLIIHUHQWHSLDQWDWLDJDPEHODUJKH$ 8QDGH DGL66VW 8QDGHF GL66VW FHUWR PRPHQWR IUD GL QRL H FRQ YRFH VRPPHVVD FRQ YLVL GL SLHWUD XQ FH FHUWR RPHQWR SHQHWUDURQR SH SUHVHUR D LQWHUURJD LQWHUURJDUFL UDSLGDPHQWH XQR SHU XQR LQ FDWWLYR LWDOLDQR 1RQ LQWHUURJDYDQR SUHVH LQWHUURJDU WXWWLVRORTXDOFXQRl4XDQWLDQQL"6DQRRPDODWR"{HLQEDVHDOODULVSRVWDFLLQGLFDYDQR WX VRORTXDOFX GXHGLYHUVHGLUH]LRQL HGLYHUVHGL GLYHUVHG 7XWWRHUDVLOHQ]LRVRFRPHLQXQDFTXDULRHFRPHLQFHUWHVFHQHGLVRJQL&LVDUHPPR 7XWWRH 7XWWRHU TXDOFRVD GL SLº DSRFDOLWWLFR VHPEUDYDQR VHPSOLFL DJHQWL GߞRUGLQH (UD DWWHVL T VFRQFHUWDQWHHGLVDUPDQWH4XDOFXQRRV²FKLHGHUHGHLEDJDJOLULVSRVHURlEDJDJOLGRSR{ VFRQ TXDOFKH DOWUR QRQ YROHYD ODVFLDUH OD PRJOLH GLVVHUR lGRSR GL QXRYR LQVLHPH{ PROWH T TX PDGULQRQYROHYDQRVHSDUDUVLGDLILJOLGLVVHURlEHQHEHQHVWDUHFRQILJOLR{6HPSUHFRQ ODSDFDWDVLFXUH]]DGLFKLQRQIDFKHLOVXRXIILFLRGLRJQLJLRUQRPD5HQ]RLQGXJL²XQ LVWDQWHGLWURSSRDVDOXWDUH)UDQFHVFDFKHHUDODVXDILGDQ]DWDHDOORUDFRQXQVRORFROSR LQSLHQRYLVRORVWHVHURDWHUUDHUDLOORURXIILFLRGLRJQLJLRUQR ,QPHQRGLGLHFLPLQXWLWXWWLQRLXRPLQLYDOLGLIXPPRUDGXQDWLLQXQJUXSSR4XHOOR FKHDFFDGGHGHJOLDOWULGHOOHGRQQHGHLEDPELQLGHLYHFFKLQRLQRQSRWHPPRVWDELOLUH DOORUDQ©GRSRODQRWWHOLLQJKLRWWSXUDPHQWHHVHPSOLFHPHQWH2JJLSHU²VDSSLDPRFKH LQTXHOODVFHOWDUDSLGDHVRPPDULDGLRJQXQRGLQRLHUDVWDWRJLXGLFDWRVHSRWHVVHRQR ODYRUDUH XWLOPHQWH SHU LO 5HLFK VDSSLDPR FKH QHL FDPSL ULVSHWWLYDPHQWH GL %XQD 0RQRZLW] H %LUNHQDX QRQ HQWUDURQR GHO QRVWUR FRQYRJOLR FKH QRYDQWDVHL XRPLQL H YHQWLQRYH GRQQH H FKH GL WXWWL JOL DOWUL LQ QXPHUR GL SLº GL FLQTXHFHQWR QRQ XQR HUD YLYRGXHJLRUQLSLºWDUGL6DSSLDPRDQFKHFKHQRQVHPSUHTXHVWRSXUWHQXHSULQFLSLRGL GLVFULPLQD]LRQHLQDELOLHLQDELOLIXVHJXLWRHFKHVXFFHVVLYDPHQWHIXDGRWWDWRVSHVVRLO VLVWHPD SLº VHPSOLFH GL DSULUH HQWUDPEH OH SRUWLHUH GHL YDJRQL VHQ]D DYYHUWLPHQWL Q© LVWUX]LRQLDLQXRYLDUULYDWL(QWUDYDQRLQFDPSRTXHOOLFKHLOFDVRIDFHYDVFHQGHUHGDXQ ODWRGHOFRQYRJOLRDQGDYDQRLQJDVJOLDOWUL &RVPRU(PLOLDFKHDYHYDWUHDQQLSRLFK©DLWHGHVFKLDSSDULYDSDOHVHODQHFHVVLW VWRULFDGLPHWWHUHDPRUWHLEDPELQLGHJOLHEUHL(PLOLDILJOLDGHOOߞLQJHJQHU$OGR/HYLGL 0LODQR FKH HUD XQD EDPELQD FXULRVD DPEL]LRVD DOOHJUD H LQWHOOLJHQWH DOOD TXDOH
DWWHQGHPPRFKHTXDOFRVDDYYHQLVVH $FFDQWR D PH VHUUDWD FRPH PH IUD FRUSR H FRUSR HUD VWDWD SHU WXWWR LO YLDJJLR XQD GRQQD &L FRQRVFHYDPR GD PROWL DQQL H OD VYHQWXUD FL DYHYD FROWL LQVLHPH PD SRFR VDSHYDPROߞXQRGHOOߞDOWUD&LGLFHPPRDOORUDQHOOߞRUDGHOODGHFLVLRQHFRVHFKHQRQVL GLFRQR IUD L YLYL &L VDOXWDPPR H IX EUHYH FLDVFXQR VDOXW² QHOOߞDOWUR OD YLWD 1RQ DYHYDPRSLºSDXUD
COPIA NON VENDIBILE
GRORUH9LVLRSSRQJRQROHLQHYLWDELOLFXUHPDWHULDOLFKHFRPHLQTXLQDQRRJQLIHOLFLW GXUDWXUD FRV GLVWROJRQR DVVLGXDPHQWH OD QRVWUD DWWHQ]LRQH GDOOD VYHQWXUD FKH FL VRYUDVWDHQHUHQGRQRIUDPPHQWDULDHSHUFL²VRVWHQLELOHODFRQVDSHYROH]]D 6RQRVWDWLSURSULRLGLVDJLOHSHUFRVVHLOIUHGGRODVHWHFKHFLKDQQRWHQXWLDJDOOD VXOYXRWRGLXQDGLVSHUD]LRQHVHQ]DIRQGRGXUDQWHLOYLDJJLRHGRSR1RQJL ODYRORQW GLYLYHUHQ©XQDFRVFLHQWHUDVVHJQD]LRQHFK©SRFKLVRQRJOLXRPLQLFDSDFLGLTXHVWRH QRLQRQHUDYDPRFKHXQFRPXQHFDPSLRQHGLXPDQLW *OLVSRUWHOOLHUDQRVWDWLFKLXVLVXELWRPDLOWUHQRQRQVLPRVVHFKHDVHUD$YHYDPR DSSUHVR FRQ VROOLHYR OD QRVWUD GHVWLQD]LRQH $XVFKZLW] XQ QRPH SULYR GL VLJQLILFDWR DOORUDHSHUQRLPDGRYHYDSXUFRUULVSRQGHUHDXQOXRJRGLTXHVWDWHUUD ,O WUHQR YLDJJLDYD OHQWDPHQWH FRQ OXQJKH VRVWH VQHUYDQWL 'DOOD IHULWRLD YHGHPPR VILODUHOHDOWHUXSLSDOOLGHGHOODYDOGߞ$GLJHJOLXOWLPLQRPLGLFLWW LWDOLDQH3DVVDPPRLO %UHQQHUR DOOH GRGLFL GHO VHFRQGR JLRUQR H WXWWL VL DO]DURQR LQ SLHGL PD QHVVXQR GLVVH SDUROD0LVWDYDQHOFXRUHLOSHQVLHURGHOULWRUQRHFUXGHOPHQWHPLUDSSUHVHQWDYRTXDOH DYUHEEH SRWXWR HVVHUH OD LQXPDQD JLRLD GL TXHOOߞDOWUR SDVVDJJLR D SRUWLHUH DSHUWH FK© QHVVXQR DYUHEEH GHVLGHUDWR IXJJLUH H L SULPL QRPL LWDOLDQLߨ H PL JXDUGDL LQWRUQR H SHQVDLTXDQWLIUDTXHOODSRYHUDSROYHUHXPDQDVDUHEEHURVWDWLWRFFDWLGDOGHVWLQR )UDOHTXDUDQWDFLQTXHSHUVRQHGHOPLRYDJRQHTXDWWURVROWDQWRKDQQRULYLVWROHORUR FDVHHIXGLJUDQOXQJDLOYDJRQHSLºIRUWXQDWR 6RIIULYDPRSHUODVHWHHLOIUHGGRDWXWWHOHIHUPDWHFKLHGHYDPRDFTXDDJUDQYRFHR DOPHQRXQSXJQRGLQHYHPDUDUDPHQWHIXPPRXGLWLLVROGDWLGHOODVFRUWDDOORQWDQDYDQR DQR QR FKL WHQWDYD GL DYYLFLQDUVL DO FRQYRJOLR 'XH JLRYDQL PDGUL FRL ILJOL DQFRUD DO VHQR JHPHYDQRQRWWHHJLRUQRLPSORUDQGRDFTXD0HQRWRUPHQWRVHHUDQRSHUWXWWLODIDPHOD DPHO DPHOD IDWLFDHOߞ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¨FKH LQILQHSRODFFKH$OODVHUDGHOTXDUWRJLRUQRLOIUHGGRVLIHFHLQWHQVRLOWUHQRSHUFRUUHYD LQWHUPLQDELOLSLQHWHQHUHVDOHQGRLQPRGRSHUFHWWLELOH/DQHYHHUDDOWD'RYHYDHVVHUH XQD OLQHD VHFRQGDULD OH VWD]LRQL HUDQR SLFFROH H TXDVL GHVHUWH 1HVVXQR WHQWDYD SLº GXUDQWHOHVRVWHGLFRPXQLFDUHFROPRQGRHVWHUQRFLVHQWLYDPRRUPDLlGDOOߞDOWUDSDUWH{ 9LIXXQDOXQJDVRVWDLQDSHUWDFDPSDJQDSRLODPDUFLDULSUHVHFRQHVWUHPDOHQWH]]DHLO FRQYRJOLR VL DUUHVW² GHILQLWLYDPHQWH D QRWWH DOWD LQ PH]]R D XQD SLDQXUD EXLD H VLOHQ]LRVD 6L YHGHYDQR GD HQWUDPEL L ODWL GHO ELQDULR ILOH GL OXPL ELDQFKL H URVVL D SHUGLWD GߞRFFKLRPDQXOODGLTXHOUXPRULRFRQIXVRFKHGHQXQ]LDGLORQWDQRLOXRJKLDELWDWL$OOD OXFHPLVHUDGHOOߞXOWLPDFDQGHODVSHQWRLOULWPRGHOOHURWDLHVSHQWRRJQLVXRQRXPDQR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
,OYLDJJLRQRQGXU²FKHXQDYHQWLQDGLPLQXWL3RLOߞDXWRFDUURVL¨IHUPDWRHVL¨YLVWD XQD JUDQGH SRUWD H VRSUD XQD VFULWWD YLYDPHQWH LOOXPLQDWD LO VXR ULFRUGR DQFRUD PL SHUFXRWHQHLVRJQL RJQL $5%(,70$&+7)5(,LOODYRURUHQGHOLEHUL FHVLFLKD FHVLFLKDQ 6LDPRVFHVLFLKDQQRIDWWLHQWUDUHLQXQDFDPHUDYDVWDHQXGDGHEROPHQWHULVFDOGDWD &KHVHWHDEELDPR,OGHEROHIUXVFLRGHOOߞDFTXDQHLUDGLDWRULFLUHQGHIHURFLVRQRTXDWWUR HDEELDPR, JLRUQL L FKH QRQ EEHYLDPR (SSXUH Fߞ¨ XQ UXELQHWWR VRSUD XQ FDUWHOOR FKH GLFH FKH ¨ SURLELWREHUHSHUFK©OߞDFTXD¨LQTXLQDWD6FLRFFKH]]HDPHSDUHRYYLRFKHLOFDUWHOOR¨ RLELWREHUH FK© FK VDQQR FKH QRL PRULDPR GL VHWH H FL PHWWRQR LQ XQD FDPHUD H Fߞ¨ XQ XQD EHIID EHIID lHVVL{ VVL{ L{ VDQQR UXELQHWWR :DVVHUWULQNHQ YHUERWHQ ,R EHYR H LQFLWR L FRPSDJQL D IDUOR PD GHYR UXELQHWW XELQ H :DVVHUWUL VSXWDUHOߞDFTXD¨WLHSLGDHGROFLDVWUDKDRGRUHGLSDOXGH VS VSXWD OߞDFTXD¨WL 4XHVWR OߞLQIHUQR 2JJL DL QRVWUL JLRUQL OߞLQIHUQR GHYH HVVHUH FRV XQD FDPHUD XHVWR ¨ OߞL OߞLQ JUDQGHHYXRWDHQRLVWDQFKLGLVWDUHLQSLHGLHFߞ¨XQUXELQHWWRFKHJRFFLRODHOߞDFTXD DQGHHYXR QRQVLSX²EHUHHQRLDVSHWWLDPRTXDOFRVDGLFHUWDPHQWHWHUULELOHHQRQVXFFHGHQLHQWHH QRQVLSX² FRQWLQXDDQRQVXFFHGHUHQLHQWH&RPHSHQVDUH"1RQVLSX²SLºSHQVDUH¨FRPHHVVHUH FRQWLQX JL PRUWL4XDOFXQRVLVLHGHSHUWHUUD,OWHPSRSDVVDJRFFLDDJRFFLD JL JL P 1RQ VLDPR PRUWL OD SRUWD VL ¨ DSHUWD HG ¨ HQWUDWD XQD 66 VWD IXPDQGR &L JXDUGD VHQ]D IUHWWD FKLHGH ߙ :HU NDQQ 'HXWVFK" ߙ 6L ID DYDQWL XQR IUD QRL FKH QRQ KR PDL YLVWRVLFKLDPD)OHVFKVDU OXLLOQRVWURLQWHUSUHWH/D66IDXQOXQJRGLVFRUVRSDFDWR OߞLQWHUSUHWHWUDGXFH%LVRJQDPHWWHUVLLQILODSHUFLQTXHDLQWHUYDOOLGLGXHPHWULIUDXRPR H XRPR SRL ELVRJQD VSRJOLDUVL H IDUH XQ IDJRWWR GHJOL DELWL LQ XQ FHUWR PRGR JOL LQGXPHQWLGLODQDGDXQDSDUWHHWXWWRLOUHVWRGDOOߞDOWUDWRJOLHUVLOHVFDUSHPDIDUPROWD DWWHQ]LRQHGLQRQIDUFHOHUXEDUH 5XEDUHGDFKL"SHUFK©FLGRYUHEEHURUXEDUHOHVFDUSH"HLQRVWULGRFXPHQWLLOSRFR FKHDEELDPRLQWDVFDJOLRURORJL"7XWWLJXDUGLDPROߞLQWHUSUHWHHOߞLQWHUSUHWHLQWHUURJ²LO WHGHVFRHLOWHGHVFRIXPDYDHORJXDUG²GDSDUWHDSDUWHFRPHVHIRVVHVWDWRWUDVSDUHQWH FRPHVHQHVVXQRDYHVVHSDUODWR 1RQ DYHYR PDL YLVWR XRPLQL DQ]LDQL QXGL ,O VLJQRU %HUJPDQQ SRUWDYD LO FLQWR HUQLDULR H FKLHVH DOOߞLQWHUSUHWH VH GRYHYD SRVDUOR H OߞLQWHUSUHWH HVLW² 0D LO WHGHVFR FRPSUHVH H SDUO² VHULDPHQWH DOOߞLQWHUSUHWH LQGLFDQGR TXDOFXQR DEELDPR YLVWR OߞLQWHUSUHWHWUDQJXJLDUHHSRLKDGHWWRߙ,OPDUHVFLDOORGLFHGLGHSRUUHLOFLQWRHFKHOH VDU GDWR TXHOOR GHO VLJQRU &RHQ ߙ 6L YHGHYDQR OH SDUROH XVFLUH DPDUH GDOOD ERFFD GL )OHVFKTXHOORHUDLOPRGRGLULGHUHGHOWHGHVFR 3RL YLHQH XQ DOWUR WHGHVFR H GLFH GL PHWWHUH OH VFDUSH LQ XQ FHUWR DQJROR H QRL OH PHWWLDPRSHUFK©RUPDL¨ILQLWRHFLVHQWLDPRIXRULGHOPRQGRHOߞXQLFDFRVD¨REEHGLUH 9LHQHXQRFRQODVFRSDHVFRSDYLDWXWWHOHVFDUSHYLDIXRULGDOODSRUWDLQXQPXFFKLR
6XOIRQGR
IO D U E T S BIL I R D E P EN O V T N S TE NO
GXUDQWHLOYLDJJLRQHOYDJRQHJUHPLWRLOSDGUHHODPDGUHHUDQRULXVFLWLDIDUHLOEDJQRLQ XQ PDVWHOOR GL ]LQFR LQ DFTXD WLHSLGD FKH LO GHJHQHUH PDFFKLQLVWD WHGHVFR DYHYD DFFRQVHQWLWRDVSLOODUHGDOODORFRPRWLYDFKHFLWUDVFLQDYDWXWWLDOODPRUWH 6FRPSDUYHUR FRV LQ XQ LVWDQWH D WUDGLPHQWR OH QRVWUH GRQQH L QRVWUL JHQLWRUL L QRVWULILJOL4XDVLQHVVXQRHEEHPRGRGLVDOXWDUOL/LYHGHPPRXQSRߞGLWHPSRFRPH XQDPDVVDRVFXUDDOOߞDOWUDHVWUHPLW GHOODEDQFKLQDSRLQRQYHGHPPRSLºQXOOD (PHUVHURLQYHFHQHOODOXFHGHLIDQDOLGXHGUDSSHOOLGLVWUDQLLQGLYLGXL&DPPLQDYDQR LQTXDGUDWL SHU WUH FRQ XQ FXULRVR SDVVR LPSDFFLDWR LO FDSR VSHQ]RODWR LQ DYDQWL H OH EUDFFLD ULJLGH ,Q FDSR DYHYDQR XQ EXIIR EHUUHWWLQR HG HUDQR YHVWLWL GL XQD OXQJD SDODQGUDQD D ULJKH FKH DQFKH GL QRWWH H GL ORQWDQR VL LQGRYLQDYD VXGLFLD H VWUDFFLDWD 'HVFULVVHURXQDPSLRFHUFKLRDWWRUQRDQRLLQPRGRGDQRQDYYLFLQDUFLHLQVLOHQ]LRVL GLHGHURDGDUPHJJLDUHFRLQRVWULEDJDJOLHDVDOLUHHVFHQGHUHGDLYDJRQLYXRWL 1RL FL JXDUGDYDPR VHQ]D SDUROD 7XWWR HUD LQFRPSUHQVLELOH H IROOH PD XQD FRVD DYHYDPR FDSLWR 4XHVWD HUD OD PHWDPRUIRVL FKH FL DWWHQGHYD 'RPDQL DQFKH QRL VDUHPPRGLYHQWDWLFRV 6HQ]D VDSHUH FRPH PL WURYDL FDULFDWR VX GL XQ DXWRFDUUR FRQ XQD WUHQWLQD GL DOWUL OߞDXWRFDUURSDUWQHOODQRWWHDWXWWDYHORFLW HUDFRSHUWRHQRQVLSRWHYDYHGHUHIXRULPD GDOOHVFRVVHVLFDSLYDFKHODVWUDGDDYHYDPROWHFXUYHHFXQHWWH(UDYDPRVHQ]DVFRUWD" ߨ EXWWDUVL JLº" 7URSSR WDUGL WURSSR WDUGL DQGLDPR WXWWL lJLº{ 'ߞDOWURQGH FL VLDPR SUHVWRDFFRUWLFKHQRQVLDPRVHQ]DVFRUWD¨XQDVWUDQDVFRUWDXQVROGDWRWHGHVFRLUWR GߞDUPLQRQORYHGLDPRSHUFK©¨EXLRILWWRPDQHVHQWLDPRLOFRQWDWWRGXURRJQLYROWD OWD FKHXQRVFRVVRQHGHOYHLFRORFLJHWWDWXWWLLQPXFFKLRDGHVWUDRDVLQLVWUD$FFHQGHXQD GHXQD SLODWDVFDELOHHLQYHFHGLJULGDUHl*XDLDYRLDQLPHSUDYH{FLGRPDQGDFRUWHVHPHQWHDG HQWHD HQWHDG XQR DG XQR LQ WHGHVFR H LQ OLQJXD IUDQFD VH DEELDPR GDQDUR RG RURORJL GD FHG FHGHUJOL UJO UJOL WDQWR GRSR QRQ FL VHUYRQR SLº 1RQ ¨ XQ FRPDQGR QRQ ¨ UHJRODPHQWR TXHVWR VL YHGH Y EHQHFKH¨XQDSLFFRODLQL]LDWLYDSULYDWDGHOQRVWURFDURQWH/DFRVDVXVFLWDLQQRLFROOHUD VFLWDLQQRLF FLWDLQQRLF HUD HULVRHXQRVWUDQRVROOLHYR
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
IO D U E T S BIL I R D E P EN V N O
GUDPPL LQ FXL YHQJRQR VXOOD VFHQD OH VWUHJKH OR 6SLULWR 6DQWR H LO GHPRQLR 3DUOD LWDOLDQRPDODPHQWHFRQXQIRUWHDFFHQWRVWUDQLHUR+DIDWWRXQOXQJRGLVFRUVR¨PROWR FRUWHVHFHUFDGLULVSRQGHUHDWXWWHOHQRVWUHGRPDQGH 1RL VLDPR D 0RQRZLW] YLFLQR DG $XVFKZLW] LQ $OWD 6OHVLD XQD UHJLRQH DELWDWD SURPLVFXDPHQWHGDWHGHVFKLHSRODFFKL4XHVWRFDPSR¨XQFDPSRGLODYRURLQWHGHVFR VLGLFH$UEHLWVODJHUWXWWLLSULJLRQLHULVRQRFLUFDGLHFLPLOD ODYRUDQRDGXQDIDEEULFDGL JRPPDFKHVLFKLDPDOD%XQDSHUFL²LOFDPSRVWHVVRVLFKLDPD%XQD 5LFHYHUHPR VFDUSH H YHVWLWL QR QRQ L QRVWUL DOWUH VFDUSH DOWUL YHVWLWL FRPH L VXRL 2UD VLDPR QXGL SHUFK© DVSHWWLDPR OD GRFFLD H OD GLVLQIH]LRQH OH TXDOL DYUDQQR OXRJR VXELWRGRSRODVYHJOLDSHUFK©LQFDPSRQRQVLHQWUDVHQRQVLIDODGLVLQIH]LRQH &HUWRFLVDU GDODYRUDUHWXWWLTXLGHYRQRODYRUDUH0DFߞ¨ODYRURHODYRUROXLSHU DU GDO U GD HVHPSLRIDLOPHGLFR¨XQPHGLFRXQJKHUHVHFKHKDVWXGLDWRLQ,WDOLD¨LOGHQWLVWDGHO DLOPHGLFR LOPHGLF /DJHU LQ /DJHU GGD TXDWWUR DQQL QRQ LQ TXHVWR OD %XQD HVLVWH GD XQ DQQR H PH]]R VROWDQWR HSSXUHSRVVLDPRYHGHUORVWDEHQHQRQ¨PROWRPDJUR3HUFK©¨LQ/DJHU" QWR HSSXUH QWR HSSXUH HEUHRFRPHQRL"ߙ1RߙGLFHOXLFRQVHPSOLFLW ߙLRVRQRXQFULPLQDOH UHRFRPHQR ߙ1 1RLJOLIDFFLDPRPROWHGRPDQGHOXLTXDOFKHYROWDULGHULVSRQGHDGDOFXQHHQRQDG 1RLJOL 1RLJOLI FLDPRPR LDPRPR DOWUH OWUH VL YHGH GH EHQH FKH FK HYLWD FHUWL DUJRPHQWL 'HOOH GRQQH QRQ SDUOD GLFH FKH VWDQQR EHQHFKHSUHVWROHULYHGUHPRPDQRQGLFHQ©FRPHQ©GRYH,QYHFHFLUDFFRQWDDOWUR EHQH EHQH KHSUHVWROH HSUHVWROH FRVHVWUDQHHIROOLIRUVHDQFKHOXLVLIDJLRFRGLQRL)RUVH¨PDWWRLQ/DJHUVLGLYHQWD FR VWUDQHHIRO WUDQHHIRO PDWWL'LFHFKHWXWWHOHGRPHQLFKHFLVRQRFRQFHUWLHSDUWLWHGLFDOFLR'LFHFKHFKLWLUD DWWL'LFHF DWWL'LFHFK EHQHGLER[HSX²GLYHQWDUHFXRFR'LFHFKHFKLODYRUDEHQHULFHYHEXRQLSUHPLRFRQFXL EHQHGLER FLVLSX²FRPSUDUHWDEDFFRHVDSRQH'LFHFKHYHUDPHQWHOߞDFTXDQRQ¨SRWDELOHHFKH FLVLSX LQYHFH RJQL JLRUQR VL GLVWULEXLVFH XQ VXUURJDWR GL FDII¨ PD JHQHUDOPHQWH QHVVXQR OR LQYHF EHYH SHUFK© OD ]XSSD VWHVVD ¨ DFTXRVD TXDQWR EDVWD SHU VRGGLVIDUH OD VHWH 1RL OR E EH SUHJKLDPR GL SURFXUDUFL TXDOFRVD GD EHUH PD OXL GLFH FKH QRQ SX² FKH ¨ YHQXWR D YHGHUFLGLQDVFRVWRFRQWURLOGLYLHWRGHOOH66SHUFK©QRLVLDPRDQFRUDGDGLVLQIHWWDUHH GHYHDQGDUVHQHVXELWR¨YHQXWRSHUFK©JOLVRQRVLPSDWLFLJOLLWDOLDQLHSHUFK©GLFHlKD XQSRߞGLFXRUH{1RLJOLFKLHGLDPRDQFRUDVHFLVRQRDOWULLWDOLDQLLQFDPSRHOXLGLFH FKHFHQߞ¨TXDOFXQRSRFKLQRQVDTXDQWLHVXELWRFDPELDGLVFRUVR,QTXHOPHQWUHKD VXRQDWR XQD FDPSDQD H OXL ¨ VXELWR IXJJLWR H FL KD ODVFLDWL DWWRQLWL H VFRQFHUWDWL 4XDOFXQR VL VHQWH ULQIUDQFDWR LR QR LR FRQWLQXR D SHQVDUH FKH DQFKH TXHVWR GHQWLVWD TXHVWR LQGLYLGXR LQFRPSUHQVLELOH KD YROXWR GLYHUWLUVL D QRVWUH VSHVH H QRQ YRJOLR FUHGHUHXQDSDURODGLTXDQWRKDGHWWR $OOD FDPSDQD VL ¨ VHQWLWR LO FDPSR EXLR ULGHVWDUVL ,PSURYYLVDPHQWH OߞDFTXD ¨ VFDWXULWD EROOHQWH GDOOH GRFFH FLQTXH PLQXWL GL EHDWLWXGLQH PD VXELWR GRSR LUURPSRQR TXDWWUR IRUVH VRQR L EDUELHUL FKH EDJQDWL H IXPDQWL FL FDFFLDQR FRQ XUOD H VSLQWRQL QHOOD FDPHUD DWWLJXD FKH ¨ JHOLGD TXL DOWUD JHQWH XUODQWH FL EXWWD DGGRVVR QRQ VR FKH VWUDFFLHFLVFKLDFFLDLQPDQRXQSDLRGLVFDUSDFFHDVXRODGLOHJQRQRQDEELDPRWHPSR GL FRPSUHQGHUH H JL FL WURYLDPR DOOߞDSHUWR VXOOD QHYH D]]XUUD H JHOLGD GHOOߞDOED H VFDO]LHQXGLFRQWXWWRLOFRUUHGRLQPDQRGREELDPRFRUUHUHILQRDGXQߞDOWUDEDUDFFDD XQFHQWLQDLRGLPHWUL4XLFL¨FRQFHVVRGLYHVWLUFL 4XDQGR DEELDPR ILQLWR FLDVFXQR ¨ ULPDVWR QHO VXR DQJROR H QRQ DEELDPR RVDWR OHYDUH JOL RFFKL OߞXQR VXOOߞDOWUR 1RQ Fߞ¨ RYH VSHFFKLDUVL PD LO QRVWUR DVSHWWR FL VWD
COPIA NON VENDIBILE
PDWWR OH PHVFROD WXWWH QRYDQWDVHL SDLD SRL VDUDQQR VSDLDWH /D SRUWD G DOOߞHVWHUQR HQWUDXQYHQWRJHOLGRHQRLVLDPRQXGLHFLFRSULDPRLOYHQWUHFRQOHEUDFFLD,OYHQWR VEDWWH H ULFKLXGH OD SRUWD LO WHGHVFR OD ULDSUH H VWD D YHGHUH FRQ DULD DVVRUWD FRPH FL FRQWRUFLDPRSHUULSDUDUFLGDOYHQWRXQRGLHWUROߞDOWURSRLVHQHYDHODULFKLXGH $GHVVR¨LOVHFRQGRDWWR(QWUDQRFRQYLROHQ]DTXDWWURFRQUDVRLSHQQHOOLHWRVDWULFL KDQQRSDQWDORQLHJLDFFKHDULJKHXQQXPHURFXFLWRVXOSHWWRIRUVHVRQRGHOODVSHFLHGL TXHJOLDOWULGLVWDVHUDVWDVHUDRLHULVHUD" PDTXHVWLVRQRUREXVWLHIORULGL1RLIDFFLDPR PROWH GRPDQGH ORUR LQYHFH FL DJJXDQWDQR H LQ XQ PRPHQWR FL WURYLDPR UDVL H WRVDWL &KHIDFFHJRIIHDEELDPRVHQ]DFDSHOOL,TXDWWURSDUODQRXQDOLQJXDFKHQRQVHPEUDGL TXHVWRPRQGRFHUWRQRQ¨WHGHVFRLRXQSRFRLOWHGHVFRORFDSLVFR )LQDOPHQWHVLDSUHXQߞDOWUDSRUWDHFFRFLWXWWLFKLXVLQXGLWRVDWLHLQSLHGLFRLSLHGL QHOOߞDFTXD ¨ XQD VDOD GL GRFFH 6LDPR VROL D SRFR D SRFR OR VWXSRUH VL VFLRJOLH H SDUOLDPR H WXWWL GRPDQGDQR H QHVVXQR ULVSRQGH 6H VLDPR QXGL LQ XQD VDOD GL GRFFH YXROGLUHFKHIDUHPRODGRFFLD6HIDUHPRODGRFFLD¨SHUFK©QRQFLDPPD]]DQRDQFRUD (DOORUDSHUFK©FLIDQQRVWDUHLQSLHGLHQRQFLG QQRGDEHUHHQHVVXQRFLVSLHJDQLHQWH HQRQDEELDPRQ©VFDUSHQ©YHVWLWLPDVLDPRWXWWLQXGLFRLSLHGLQHOOߞDFTXDHIDIUHGGR HG¨FLQTXHJLRUQLFKHYLDJJLDPRHQRQSRVVLDPRQHSSXUHVHGHUFL (OHQRVWUHGRQQH" /ߞLQJHJQHU/HYLPLFKLHGHVHSHQVRFKHDQFKHOHQRVWUHGRQQHVLDQRFRVFRPHQRLLQ TXHVWRPRPHQWRHGRYHVRQRHVHOHSRWUHPRULYHGHUH,RULVSRQGRFKHVSHUFK©OXL¨ VSRVDWRHKDXQDEDPELQDFHUWROHULYHGUHPR0DRUPDLODPLDLGHD¨FKHWXWWRTXHVWR¨ R¨ XQDJUDQGHPDFFKLQDSHUULGHUHGLQRLHYLOLSHQGHUFLHSRL¨FKLDURFKHFLXFFLGRQRFKL RFKL FUHGH GL YLYHUH ¨ SD]]R YXRO GLUH FKH FL ¨ FDVFDWR LR QR LR KR FDSLWR FKH SUHVWR WR VDU VDU ILQLWDIRUVHLQTXHVWDVWHVVDFDPHUDTXDQGRVLVDUDQQRDQQRLDWLGLYHGHUFLQXGLEDOODUH QXGLE ODUH ODU GD XQ SLHGH DOOߞDOWUR H SURYDUH RJQL WDQWR D VHGHUFL VXO SDYLPHQWR PD FL L VRQR WUH WUH GLWD GߞDFTXDIUHGGDHQRQFLSRVVLDPRVHGHUH $QGLDPRLQVXHLQJLºVHQ]DFRVWUXWWRHSDUOLDPRFLDVFXQRSDUODFRQWXWWLJOLDOWUL UODFRQWXWWL ODFRQWXW LDOWUL TXHVWR ID PROWR FKLDVVR 6L DSUH OD SRUWD HQWUD XQ WHGHVFR ¨ LO O PDUHVFLDOOR PDUHVFLDOO GL SULPD PDUHVFLD SDUOD EUHYH OߞLQWHUSUHWH WUDGXFH ߙ ,O PDUHVFLDOOR GLFH FKH GRYHWH RYHWH IDUH VVLOHQ]LR Q]LR SHUFK© TXHVWD QRQ ¨ XQD VFXROD UDEELQLFD ߙ 6L YHGRQR OH SDUROH FDWWLYH H QRQ VXH OH SDUROH FDWW WRUFHUJOL OD ERFFD XVFHQGR FRPH VH VSXWDVVH XQ ERFFRQH GLVJXVWRVR /R SUHJKLDPR GL VJXVWR XVW SUHJKLD SUHJKL FKLHGHUJOL FKH FRVD DVSHWWLDPR TXDQWR WHPSR DQFRUD VWDUHPR TXL GHOOH QRVWUH RVW GRQQH WXWWR PD OXL GLFH GL QR FKH QRQ YXRO FKLHGHUH 4XHVWR )OHVFK FKH VL DGDWWD PROWR D PDOLQFXRUH D WUDGXUUH LQ LWDOLDQR IUDVL WHGHVFKH SLHQH GL JHOR H ULILXWD GL YROJHUH LQ WHGHVFROHQRVWUHGRPDQGHSHUFK©VDFKH¨LQXWLOH¨XQHEUHRWHGHVFRVXOODFLQTXDQWLQD FKHSRUWDLQYLVRODJURVVDFLFDWULFHGLXQDIHULWDULSRUWDWDFRPEDWWHQGRFRQWURJOLLWDOLDQL VXO3LDYHXQXRPRFKLXVRHWDFLWXUQRSHULOTXDOHSURYRXQLVWLQWLYRULVSHWWRSHUFK© VHQWRFKHKDFRPLQFLDWRDVRIIULUHSULPDGLQRL ,OWHGHVFRVHQHYDHQRLDGHVVRVWLDPR]LWWLTXDQWXQTXHFLYHUJRJQLDPRXQSRFRGL VWDUH]LWWL(UDDQFRUDQRWWHFLFKLHGHYDPRVHPDLVDUHEEHYHQXWRLOJLRUQR'LQXRYRVL DSU OD SRUWD HG HQWU² XQR YHVWLWR D ULJKH (UD GLYHUVR GDJOL DOWUL SLº DQ]LDQR FRJOL RFFKLDOLXQYLVRSLºFLYLOHHGHUDPROWRPHQRUREXVWR&LSDUODHSDUODLWDOLDQR 2UDPDLVLDPRVWDQFKLGLVWXSLUFL&LSDUHGLDVVLVWHUHDTXDOFKHGUDPPDSD]]RGLTXHL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
+¤IWOLQJKRLPSDUDWRFKHLRVRQRXQR+¤IWOLQJ,OPLRQRPH¨VLDPRVWDWL V RVWDWL VL EDWWH]]DWLSRUWHUHPRILQFK©YLYUHPRLOPDUFKLRWDWXDWRVXOEUDFFLRVLQLVWUR RVLQLVWUR /ߞRSHUD]LRQH¨VWDWDOLHYHPHQWHGRORURVDHVWUDRUGLQDULDPHQWHUDSLGDFLKDQQRPHVVL HQWHUDSLGD KDQQRPHVV HQWHUDSLGD WXWWLLQILODHDGXQRDGXQRVHFRQGROߞRUGLQHDOIDEHWLFRGHLQRVWULQRPLVLDPRSDVVDWL HLQRVWULQR VLDPRSDV GDYDQWL D XQ DELOH IXQ]LRQDULR PXQLWR GL XQD VSHFLH GL SXQWHUXROR HUXROR XRO GDOOߞDJR DJR FRUWLVVLPR FRUWL FRUW 3DUHFKHTXHVWDVLDOߞLQL]LD]LRQHYHUDHSURSULDVRORlPRVWUDQGRLOQXPHUR{VLULFHYHLO V VL SDQH H OD ]XSSD 6RQR RFFRUVL YDUL JLRUQL H QRQ SRFKL VFKLDIIL H SXJQL SHUFK© FL DELWXDVVLPRDPRVWUDUHLOQXPHURSURQWDPHQWHLQPRGRGDQRQLQWUDOFLDUHOHTXRWLGLDQH RSHUD]LRQL DQQRQDULH GL GLVWULEX]LRQH FL VRQ YROXWL VHWWLPDQH H PHVL SHUFK© QH DSSUHQGHVVLPR LO VXRQR LQ OLQJXD WHGHVFD ( SHU PROWL JLRUQL TXDQGR OߞDELWXGLQH GHL JLRUQL OLEHUL PL VSLQJH D FHUFDUH OߞRUD VXOOߞRURORJLR D SROVR PL DSSDUH LQYHFH LURQLFDPHQWH LO PLR QXRYR QRPH LO QXPHUR WUDSXQWR LQ VHJQL D]]XUURJQROL VRWWR OߞHSLGHUPLGH 6RORPROWRSLºWDUGLHDSRFRDSRFRDOFXQLGLQRLKDQQRSRLLPSDUDWRTXDOFRVDGHOOD IXQHUHD VFLHQ]D GHL QXPHUL GL $XVFKZLW] LQ FXL VL FRPSHQGLDQR OH WDSSH GHOOD GLVWUX]LRQHGHOOߞHEUDLVPRGߞ(XURSD$LYHFFKLGHOFDPSRLOQXPHURGLFHWXWWROߞHSRFD GLLQJUHVVRDOFDPSRLOFRQYRJOLRGLFXLVLIDFHYDSDUWHHGLFRQVHJXHQ]DODQD]LRQDOLW
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
2UD GRSR RUD TXHVWD SULPD OXQJKLVVLPD JLRUQDWD GL DQWLQIHUQR YROJH DO WHUPLQH
TXLVLQXRWDDOWULPHQWLFKHQHO6HUFKLR
ߨ4XLQRQKDOXRJRLO6DQWR9ROWR
DOWURQGHOߞL 'ߞDOWURQGHOߞLQWHURSURFHVVRGLLQVHULPHQWRLQTXHVWRRUGLQHSHUQRLQXRYRDYYLHQHLQ LDYH JURWWHVFD JURWWHV H VDUFDVWLFD V FKLDYH )LQLWD OߞRSHUD]LRQH GL WDWXDJJLR FL KDQQR FKLXVL LQ XQD GRYH QRQ Fߞ¨ EDUDFFD G GR Fߞ¨ QHVVXQR /H FXFFHWWH VRQR ULIDWWH PD FL KDQQR VHYHUDPHQWH SURLE GL WRFFDUOH H GL VHGHUYL VRSUD FRV FL DJJLULDPR VHQ]D VFRSR SHU PHW GHOOD SURLELWR JLRUQDWD QHO EUHYH VSD]LR GLVSRQLELOH DQFRUD WRUPHQWDWL GDOOD VHWH IXULRVD GHO YLDJJLR JLRUQ 3RLODSRUWDVL¨DSHUWDHG¨HQWUDWRXQUDJD]]RGDOYHVWLWRDULJKHGDOOߞDULDDEEDVWDQ]D 3R DSRUWDVL¨ SRUWDVL¨ FLYLOH YLOH SLFFROR SLFFROR PDJUR H ELRQGR 4XHVWR SDUOD IUDQFHVH H JOL VLDPR DGGRVVR LQ PROWL SLFFRO WHPSHVWDQGRORGLWXWWHOHGRPDQGHFKHILQRUDFLVLDPRULYROWLOߞXQOߞDOWURLQXWLOPHQWH WHPSHVWDQ WHPSHVWDQG 0D QRQ SDUOD YROHQWLHUL QHVVXQR TXL SDUOD YROHQWLHUL 6LDPR QXRYL QRQ DEELDPR QLHQWH H QRQ VDSSLDPR QLHQWH D FKH VFRSR SHUGHUH WHPSR FRQ QRL" &L VSLHJD GL QLHQ QLHQW PDODYRJOLD FKH WXWWL JOL DOWUL VRQR IXRUL D ODYRUDUH H WRUQHUDQQR D VHUD /XL ¨ XVFLWR P VWDPDQHGDOOߞLQIHUPHULDSHURJJL¨HVHQWHGDOODYRUR,RJOLKRFKLHVWRFRQXQߞLQJHQXLW FKH VROR SRFKL JLRUQL GRSR JL GRYHYD SDUHUPL IDYRORVD VH FL DYUHEEHUR UHVWLWXLWR DOPHQRJOLVSD]]ROLQLGDGHQWLOXLQRQKDULVRPDFROYLVRDWWHJJLDWRDLQWHQVRGLVSUH]]R PLKDJHWWDWRߙ9RXVQߞªWHVSDV ODPDLVRQߙ(G¨TXHVWRLOULWRUQHOORFKHGDWXWWLFL VHQWLDPRULSHWHUHQRQVLHWHSLºDFDVDTXHVWRQRQ¨XQVDQDWRULRGLTXLQRQVLHVFHFKH SHULO&DPLQRFRVDYRUU GLUH"ORLPSDUHUHPREHQHSLºWDUGL ( LQIDWWL VSLQWR GDOOD VHWH KR DGRFFKLDWR IXRUL GL XQD ILQHVWUD XQ EHO JKLDFFLROR D SRUWDWD GL PDQR +R DSHUWR OD ILQHVWUD KR VWDFFDWR LO JKLDFFLROR PD VXELWR VL ¨ IDWWR DYDQWLXQRJUDQGHHJURVVRFKHVLDJJLUDYDO IXRULHPHORKDVWUDSSDWREUXWDOPHQWHߙ :DUXP"ߙJOLKRFKLHVWRQHOPLRSRYHURWHGHVFRߙ+LHULVWNHLQ:DUXPߙTXLQRQFߞ¨ SHUFK© PLKDULVSRVWRULFDFFLDQGRPLGHQWURFRQXQRVSLQWRQH /DVSLHJD]LRQH¨ULSXJQDQWHPDVHPSOLFHLQTXHVWROXRJR¨SURLELWRWXWWRQRQJL SHU ULSRVWH UDJLRQL PD SHUFK© D WDOH VFRSR LO FDPSR ¨ VWDWR FUHDWR 6H YRUUHPR YLYHUFL ELVRJQHU FDSLUORSUHVWRHEHQH
2JQXQRWUDWWHU FRQULVSHWWRLQXPHULGDODOOߞQRQVRQRSLºFKHTXDOFKH FHQWLQDLRHFRQWUDVVHJQDQRLSRFKLVXSHUVWLWLGHLJKHWWLSRODFFKL&RQYLHQHDSULUHEHQH JOLRFFKLTXDQGRVLHQWUDLQUHOD]LRQLFRPPHUFLDOLFRQXQRVRQRULGRWWL RUPDLDXQDTXDUDQWLQDPDVLWUDWWDGHLJUHFLGL6DORQLFFRQRQELVRJQDODVFLDUVLPHWWHUH QHO VDFFR 4XDQWR DL QXPHUL JURVVL HVVL FRPSRUWDQR XQD QRWD GL HVVHQ]LDOH FRPLFLW FRPH DYYLHQH SHU L WHUPLQL lPDWULFROD{ R lFRVFULWWR{ QHOOD YLWD QRUPDOH LO JURVVR QXPHUR WLSLFR ¨ XQ LQGLYLGXR SDQFLXWR GRFLOH H VFHPR D FXL SXRL IDU FUHGHUH FKH DOOߞLQIHUPHULD GLVWULEXLVFRQR VFDUSH GL FXRLR SHU LQGLYLGXL GDL SLHGL GHOLFDWL H FRQYLQFHUOR D FRUUHUYL H D ODVFLDUWL OD VXD JDPHOOD GL ]XSSD lLQ FXVWRGLD{ JOL SXRL YHQGHUHXQFXFFKLDLRSHUWUHUD]LRQLGLSDQHORSXRLPDQGDUHGDOSLºIHURFHGHL.DSRVD FKLHGHUJOL ¨ VXFFHVVR VXFFHV D PH VH ¨ YHUR FKH LO VXR ¨ LO .DUWRIIHOVFK¤ONRPPDQGR LO R3HODWXUD3 3HODWXUD .RPPDQGR3HODWXUD3DWDWHHVH¨SRVVLELOHHVVHUYLDUUXRODWL
IO D U E T S BIL I R D E P EN V N O
GLQDQ]L ULIOHVVR LQ FHQWR YLVL OLYLGL LQ FHQWR SXSD]]L PLVHUDELOL H VRUGLGL (FFRFL WUDVIRUPDWLQHLIDQWDVPLLQWUDYLVWLLHULVHUD $OORUD SHU OD SULPD YROWD FL VLDPR DFFRUWL FKH OD QRVWUD OLQJXD PDQFD GL SDUROH SHU HVSULPHUHTXHVWDRIIHVDODGHPROL]LRQHGLXQXRPR,QXQDWWLPRFRQLQWXL]LRQHTXDVL SURIHWLFD OD UHDOW FL VL ¨ ULYHODWD VLDPR DUULYDWL DO IRQGR 3Lº JLº GL FRV QRQ VL SX² DQGDUHFRQGL]LRQHXPDQDSLºPLVHUDQRQFߞ¨HQRQ¨SHQVDELOH1XOODSLº¨QRVWURFL KDQQRWROWRJOLDELWLOHVFDUSHDQFKHLFDSHOOLVHSDUOHUHPRQRQFLDVFROWHUDQQRHVHFL DVFROWDVVHUR QRQ FL FDSLUHEEHUR &L WRJOLHUDQQR DQFKH LO QRPH H VH YRUUHPR FRQVHUYDUOR GRYUHPR WURYDUH LQ QRL OD IRU]D GL IDUOR GL IDUH V FKH GLHWUR DO QRPH TXDOFRVDDQFRUDGLQRLGLQRLTXDOLHUDYDPRULPDQJD 1RL VDSSLDPR FKH LQ TXHVWR GLIILFLOPHQWH VDUHPR FRPSUHVL HG ¨ EHQH FKH FRV VLD 0D FRQVLGHUL RJQXQR TXDQWR YDORUH TXDQWR VLJQLILFDWR ¨ UDFFKLXVR DQFKH QHOOH SLº SLFFROHQRVWUHDELWXGLQLTXRWLGLDQHQHLFHQWRRJJHWWLQRVWULFKHLOSLºXPLOHPHQGLFDQWH SRVVLHGH XQ ID]]ROHWWR XQD YHFFKLD OHWWHUD OD IRWRJUDILD GL XQD SHUVRQD FDUD 4XHVWH FRVHVRQRSDUWHGLQRLTXDVLFRPHPHPEUDGHOQRVWURFRUSRQ©¨SHQVDELOHGLYHQLUQH SULYDWL QHO QRVWUR PRQGR FK© VXELWR QH ULWURYHUHPPR DOWUL D VRVWLWXLUH L YHFFKL DOWUL RJJHWWLFKHVRQRQRVWULLQTXDQWRFXVWRGLHVXVFLWDWRULGLPHPRULHQRVWUH 6LLPPDJLQLRUDXQXRPRDFXLLQVLHPHFRQOHSHUVRQHDPDWHYHQJDQRWROWLODVXD FDVDOHVXHDELWXGLQLLVXRLDELWLWXWWRLQILQHOHWWHUDOPHQWHWXWWRTXDQWRSRVVLHGHVDU XQ XRPR YXRWR ULGRWWR D VRIIHUHQ]D H ELVRJQR GLPHQWLFR GL GLJQLW H GLVFHUQLPHQWR SRLFK© DFFDGH IDFLOPHQWH D FKL KD SHUVR WXWWR GL SHUGHUH VH VWHVVR WDOH TXLQGL FKH VL SRWU DFXRUOHJJHURGHFLGHUHGHOODVXDYLWDRPRUWHDOGLIXRULGLRJQLVHQVRGLDIILQLW IILQLW XPDQD QHO FDVR SLº IRUWXQDWR LQ EDVH DG XQ SXUR JLXGL]LR GL XWLOLW 6L FRPSUHQGHU S HQGHU HQGHU DOORUD LO GXSOLFH VLJQLILFDWR GHO WHUPLQH l&DPSR GL DQQLHQWDPHQWR{ H VDU FKLDUR FKLDU FKH FKLDUR FK FRVDLQWHQGLDPRHVSULPHUHFRQTXHVWDIUDVHJLDFHUHVXOIRQGR
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
WXPHVFHQ]DGHOYLVRHGHOYHQWUHߙ:DUWHQELVKHXWHDEHQGߙl$VSHWWDUHILQRRJJLVHUD{ WUDGXFRLRSDURODSHUSDUROD 3RLPLGLFHߙ,FK6FKORPH'X"ߙ*OLGLFRLOPLRQRPHHOXLPLFKLHGHߙ'RYHWXD PDGUH" ߙ ,Q ,WDOLD ߙ 6FKORPH VL VWXSLVFH ߙ (EUHD LQ ,WDOLD" ߙ 6 ߙ VSLHJR LR GHO PLR PHJOLRߙQDVFRVWDQHVVXQRFRQRVFHVFDSSDUHQRQSDUODUHQHVVXQRYHGHUHߙ+DFDSLWR RUDVLDO]DPLVLDYYLFLQDHPLDEEUDFFLDWLPLGDPHQWH/ߞDYYHQWXUD¨ILQLWDHPLVHQWR SLHQRGLXQDWULVWH]]DVHUHQDFKH¨TXDVLJLRLD1RQKRSLºULYLVWR6FKORPHPDQRQKR GLPHQWLFDWR LO VXR YROWR JUDYH H PLWH GL IDQFLXOOR FKH PL KD DFFROWR VXOOD VRJOLD GHOOD FDVDGHLPRUWL 0ROWLVVLPH FRVH FL UHVWDQR GD LPSDUDUH PD PROWH OH DEELDPR JL LPSDUDWH *L DEELDPRXQDFHUWDLGHDGHOODWRSRJUDILDGHO/DJHUTXHVWRQRVWUR/DJHU¨XQTXDGUDWRGL FHUWDLG HUWDLG FLUFDVHLFHQWRPHWULGLODWRFLUFRQGDWRGDGXHUHWLFRODWLGLILORVSLQDWRLOSLºLQWHUQRGHL QWRPHWULGL WRPHWULG TXDOL¨SHUFRUVRGDFRUUHQWHDGDOWDWHQVLRQHFRVWLWXLWRGDVHVVDQWDEDUDFFKHLQOHJQR SHUFRUVRGDF FKHTXLVLFKLDPDQR%ORFNVGLFXLXQDGHFLQDLQFRVWUX]LRQHDTXHVWHYDQQRDJJLXQWLLO XLVLFKLDPD FRUSR USR GHOOH FXFLQH F LQH LQ FKH ¨ LQ PXUDWXUD XQD IDWWRULD VSHULPHQWDOH JHVWLWD GD XQ GLVWDFFDPHQWRGL+¤IWOLQJHSULYLOHJLDWLOHEDUDFFKHGHOOHGRFFHHGHOOHODWULQHLQQXPHUR GLVWDFFDP GLVWDFFDPH GL+¤IWOL GLXQDSHURJQLJUXSSRGLVHLRGRWWR%ORFNV'LSLºDOFXQL%ORFNVVRQRDGLELWLDVFRSL GLXQDS LXQ RJQLJUXSSR SDUWLFRODUL XQ JUXSSR GL RWWR DOOߞHVWUHPLW HVW GHO FDPSR FRVWLWXLVFH SDUWLF DUL ,QQDQ]LWXWWR ,QQDQ]L OߞLQIHUPHULD OߞDPEXODWRULR Yߞ¨ SRL LO %ORFN FKH ¨ LO .U¤W]HEORFN ULVHUYDWR DJOL OߞL UPHULD H Oߞ VFDEELRVL DEELRVL LO %ORFN LQ FXL QHVVXQ FRPXQH +¤IWOLQJ ¨ PDL HQWUDWR ULVHUYDWR DOOD l3URPLQHQ]{ FLR¨ DOOߞDULVWRFUD]LD DJOL LQWHUQDWL FKH ULFRSURQR OH FDULFKH VXSUHPH LO l3URPLQH l3URPLQHQ %ORFNULVHUYDWRDL5HLFKVGHXWVFKHJOLDULDQLWHGHVFKLSROLWLFLRFULPLQDOL LO%ORFN %ORFN SHUVROL.DSRVLO%ORFNXQDPHW GHOTXDOHDGXVRGHL5HLFKVGHXWVFKHH.DSRV S IIXQJHGD.DQWLQHFLR¨GDGLVWULEXWRULRGLWDEDFFRSROYHUHLQVHWWLFLGDHRFFDVLRQDOPHQWH IX DOWULDUWLFROLLO%ORFNFKHFRQWLHQHOD)XUHULDFHQWUDOHHOߞ8IILFLRGHOODYRURHLQILQH LO%ORFNFKHKDOHILQHVWUHVHPSUHFKLXVHSHUFK©¨LO)UDXHQEORFNLOSRVWULERORGHO FDPSRVHUYLWRGDUDJD]]H+¤IWOLQJHSRODFFKHHULVHUYDWRDL5HLFKVGHXWVFKH , FRPXQL %ORFNV GL DELWD]LRQH VRQR GLYLVL LQ GXH ORFDOL LQ XQR 7DJHVUDXP YLYH LO FDSREDUDFFDFRQLVXRLDPLFLYߞ¨XQOXQJRWDYRORVHGLHSDQFKHRYXQTXHXQDTXDQWLW GL VWUDQL RJJHWWL GDL FRORUL YLYDFL IRWRJUDILH ULWDJOL GL ULYLVWH GLVHJQL ILRUL ILQWL VRSUDPPRELOLVXOOHSDUHWLJUDQGLVFULWWHSURYHUELHSRHVLROHLQQHJJLDQWLDOOߞRUGLQHDOOD GLVFLSOLQDDOOߞLJLHQHLQXQDQJRORXQDYHWULQDFRQJOLDWWUH]]LGHO%ORFNIULV¶UEDUELHUH DXWRUL]]DWR L PHVWROL SHU GLVWULEXLUH OD ]XSSD H GXH QHUEL GL JRPPD TXHOOR SLHQR H TXHOORYXRWRSHUPDQWHQHUHODGLVFLSOLQDPHGHVLPD/ߞDOWURORFDOH¨LOGRUPLWRULRQRQYL VRQRFKHFHQWRTXDUDQWRWWRFXFFHWWHDWUHSLDQLGLVSRVWHILWWDPHQWHFRPHFHOOHGLDOYHDUH LQPRGRGDXWLOL]]DUHVHQ]DUHVLGXLWXWWDODFXEDWXUDGHOYDQRILQRDOWHWWRHGLYLVHGDWUH FRUULGRL TXL YLYRQR L FRPXQL +¤IWOLQJH LQ QXPHUR GL GXHFHQWRGXHFHQWRFLQTXDQWD SHU EDUDFFDGXHTXLQGLLQEXRQDSDUWHGHOOHFXFFHWWHOHTXDOLVRQRGLWDYROHGLOHJQRPRELOL SURYYLVWHGLXQVRWWLOHVDFFRDSDJOLDHGLGXHFRSHUWHFLDVFXQD,FRUULGRLGLGLVLPSHJQR VRQRFRVVWUHWWLFKHDVWHQWRFLVLSDVVDLQGXHODVXSHUILFLHWRWDOHGLSDYLPHQWR¨FRV SRFD FKH JOL DELWDQWL GL XQR VWHVVR %ORFN QRQ YL SRVVRQR VRJJLRUQDUH WXWWL FRQWHPSRUDQHDPHQWHVHDOPHQRODPHW QRQVRQRFRULFDWLQHOOHFXFFHWWH'LTXLLOGLYLHWR GLHQWUDUHLQXQ%ORFNDFXLQRQVLDSSDUWLHQH
COPIA NON VENDIBILE
0HQWUHLOVROHWUDPRQWDLQXQYRUWLFHGLWUXFLQXELVDQJXLJQHFLIDQQRILQDOPHQWHXVFLUH GDOODEDUDFFD&LGDUDQQRGDEHUH"1RFLPHWWRQRDQFRUDXQDYROWDLQILODFLFRQGXFRQR LQXQYDVWRSLD]]DOHFKHRFFXSDLOFHQWURGHOFDPSRHFLGLVSRQJRQRPHWLFRORVDPHQWH LQTXDGUDWL3RLQRQDFFDGHSLºQXOODSHUXQߞDOWUDRUDVHPEUDFKHVLDVSHWWLTXDOFXQR 8QDIDQIDUDLQFRPLQFLDDVXRQDUHDFFDQWRDOODSRUWDGHOFDPSRVXRQD5RVDPXQGDOD EHQ QRWD FDQ]RQHWWD VHQWLPHQWDOH H TXHVWR FL DSSDUH WDOPHQWH VWUDQR FKH FL JXDUGLDPR OߞXQOߞDOWURVRJJKLJQDQGRQDVFHLQQRLXQߞRPEUDGLVROOLHYRIRUVHWXWWHTXHVWHFHULPRQLH QRQ FRVWLWXLVFRQR FKH XQD FRORVVDOH EXIIRQDWD GL JXVWR WHXWRQLFR 0D OD IDQIDUD ILQLWD 5RVDPXQGDFRQWLQXDDVXRQDUHDOWUHPDUFHXQDGRSROߞDOWUDHGHFFRDSSDULUHLGUDSSHOOL GHL QRVWUL FRPSDJQL FKH ULWRUQDQR GDO ODYRUR &DPPLQDQR LQ FRORQQD SHU FLQTXH FDPPLQDQR FRQ XQߞDQGDWXUD VWUDQD LQQDWXUDOH GXUD FRPH IDQWRFFL ULJLGL IDWWL VROR GL RVVDPDFDPPLQDQRVHJXHQGRVFUXSRORVDPHQWHLOWHPSRGHOODIDQIDUD $QFKHORURVLGLVSRQJRQRFRPHQRLVHFRQGRXQRUGLQHPLQX]LRVRQHOODYDVWDSLD]]D TXDQGR OߞXOWLPR GUDSSHOOR ¨ ULHQWUDWR FL FRQWDQR H FL ULFRQWDQR SHU SLº GL XQߞRUD DYYHQJRQROXQJKLFRQWUROOLFKHVHPEUDQRWXWWLIDUHFDSRDXQWDOHYHVWLWRDULJKHLOTXDOH QHUHQGHFRQWRDXQJUXSSHWWRGL66LQSLHQRDVVHWWRGLJXHUUD )LQDOPHQWH¨RUPDLEXLRPDLOFDPSR¨IRUWHPHQWHLOOXPLQDWRGDIDQDOLHULIOHWWRUL VL VHQWH JULGDUH l$EVSHUUH{ DO FKH WXWWH OH VTXDGUH VL GLVIDQR LQ XQ YLDYDL FRQIXVR H WXUEROHQWR $GHVVR QRQ FDPPLQDQR SLº ULJLGL H LPSHWWLWL FRPH SULPD FLDVFXQR VL WUDVFLQD FRQ VIRU]R HYLGHQWH 1RWR FKH WXWWL SRUWDQR LQ PDQR R DSSHVD DOOD FLQWXUD XQD VFRGHOODGLODPLHUDJUDQGHTXDVLFRPHXQFDWLQR $QFKHQRLQXRYLDUULYDWLFLDJJLULDPRWUDODIROODDOODULFHUFDGLXQDYRFHGLXQYLVR QYLVR DPLFRGLXQDJXLGD&RQWURODSDUHWHGLOHJQRGLXQDEDUDFFDVWDQQRVHGXWLDWHUUDGXH UDGX UDGXH UDJD]]LVHPEUDQRJLRYDQLVVLPLVXLVHGLFLDQQLDOPDVVLPRWXWWLHGXHKDQQRLOYLVRHOH RLOYLV H OOH PDQL VSRUFKH GL IXOLJJLQH 8QR GHL GXH PHQWUH SDVVLDPR PL FKLDPD H PL SRQH SRQ LQ SR WHGHVFRDOFXQHGRPDQGHFKHQRQFDSLVFRSRLPLFKLHGHGDGRYHYHQLDPRߙ,WDOLHQߙ LDPRߙ,WDO DPRߙ,WDO Q ULVSRQGRYRUUHLGRPDQGDUJOLPROWHFRVHPDLOPLRIUDVDULRWHGHVFR¨OLPLWDWLVVLPR ¨OLPLWDWLVV R ¨OLPLWDWLVVL ߙ6HLHEUHR"ߙJOLFKLHGR ߙ6HEUHRSRODFFR ߙ'DTXDQWRVHLLQ/DJHU" ߙ 7UH DQQL ߙ H OHYD WUH GLWD 'HYH HVVHUH HQWUDWR EDPELQR DPELQR ELQ SHQVR VR FRQ RUURUH GߞDOWURQGHTXHVWRVLJQLILFDFKHDOPHQRTXDOFXQRTXLSX²YLYHUH ߙ4XDO¨LOWXRODYRUR" ߙ6FKORVVHUߙULVSRQGH1RQFDSLVFRߙ(LVHQ)HXHUߙIHUURIXRFR LQVLVWHOXLHID FHQQRFROOHPDQLFRPHGLFKLEDWWDFROPDUWHOORVXGLXQߞLQFXGLQHXQIDEEURGXQTXH ߙ,FK&KHPLNHUߙGLFKLDURLRHOXLDFFHQQDJUDYHPHQWHFROFDSRߙ&KHPLNHUJXWߙ 0DWXWWRTXHVWRULJXDUGDLOIXWXURORQWDQRFL²FKHPLWRUPHQWDLQTXHVWRPRPHQWR¨OD VHWH ߙ %HUH DFTXD 1RL QLHQWH DFTXD ߙ JOL GLFR /XL PL JXDUGD FRQ XQ YLVR VHULR TXDVL VHYHURHVFDQGLVFHߙ1RQEHUHDFTXDFRPSDJQRߙHSRLDOWUHSDUROHFKHQRQFDSLVFR ߙ:DUXP" ߙ *HVFKZROOHQ ߙ ULVSRQGH OXL WHOHJUDILFDPHQWH LR FUROOR LO FDSR QRQ KR FDSLWR ߙ *RQILR ߙ PL ID FDSLUH HQILDQGR OH JRWH H DEER]]DQGR FROOH PDQL XQD PRVWUXRVD
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
IO D U E T S BIL I R D E P EN V N O
DOWULPHQWLFKHFRLGHQWLSHUOHXQJKLHGHLSLHGLEDVWDOߞDWWULWRGHOOHVFDUSH VHVLSHUGHXQ ERWWRQH ELVRJQD VDSHUVHOR ULDWWDFFDUH FRQ XQ ILOR GL IHUUR VH VL YD DOOD ODWULQD R DO ODYDWRLR ELVRJQD SRUWDUVL GLHWUR WXWWR VHPSUH H GRYXQTXH H PHQWUH FL VL ODYDQR JOL RFFKLWHQHUHLOIDJRWWRGHJOLDELWLVWUHWWRIUDOHJLQRFFKLDLQTXDOXQTXHDOWURPRGRHVVR LQTXHOOߞDWWLPRYHUUHEEHUXEDWR6HXQDVFDUSDIDPDOHELVRJQDSUHVHQWDUVLDOODVHUDDOOD FHULPRQLD GHO FDPELR GHOOH VFDUSH TXL VL PHWWH DOOD SURYD OD SHUL]LD GHOOߞLQGLYLGXR LQ PH]]RDOODFDOFDLQFUHGLELOHELVRJQDVDSHUVFHJOLHUHFRQXQFROSRGߞRFFKLRXQDQRQXQ SDLRXQD VFDUSDFKHVLDGDWWLSHUFK©IDWWDODVFHOWDXQVHFRQGRFDPELRQRQ¨FRQFHVVR 1©VLFUHGDFKHOHVFDUSHQHOODYLWDGHO/DJHUFRVWLWXLVFDQRXQIDWWRUHGߞLPSRUWDQ]D VHFRQGDULD/DPRUWHLQFRPLQFLDGDOOHVFDUSHHVVHVLVRQRULYHODWHSHUODPDJJLRUSDUWH GL QRL YHUL DUQHVL UQHVL GL G WRUWXUD FKH GRSR SRFKH RUH GL PDUFLD GDYDQR OXRJR D SLDJKH GRORURVHFKHIDWDOPHQWHVLLQIHWWDYDQR&KLQH¨FROSLWR¨FRVWUHWWRDFDPPLQDUHFRPHVH HIDWDOPH HIDWDOPHQW DYHVVHXQDSDOODDOSLHGHHFFRLOSHUFK©GHOODVWUDQDDQGDWXUDGHOOߞHVHUFLWRGLODUYHFKH QDSDOODDO RJQLVHUDULHQWUDLQSDUDWD DUULYDXOWLPRGDSSHUWXWWRHGDSSHUWXWWRULFHYHERWWHQRQSX² VHUDULHQWUD VFDSSDUHVHORLQVHJXRQRLVXRLSLHGLVLJRQILDQRHSLºVLJRQILDQRSLºOߞDWWULWRFRQLO DSSDUHVHOR VHJ VH OHJQRHODWHODGHOOHVFDUSHGLYHQWDLQVRSSRUWDELOH$OORUDQRQUHVWDFKHOߞRVSHGDOHPD OHJQRHOD OHJQRHOD DGHOOHVF GHOOHVF HQWUDU LQ RVSHGDOH FFRQ OD GLDJQRVL GL lGLFNH )¼VVH{ SLHGL JRQIL ¨ HVWUHPDPHQWH HQWUDUH SHULFRORVRSHUFK©¨EHQQRWRDWXWWLHGDOOH66LQLVSHFLHFKHGLTXHVWRPDOHTXLQRQVL SHULF VRSHUFK©¨ SX²JXDULUH SX JXDULUH XDULUH (LQWXWWRTXHVWRQRQDEELDPRDQFRUDDFFHQQDWRDOODYRURLOTXDOH¨DVXDYROWDXQ (LQWXWWR JURYLJOLRGLOHJJLGLWDEºHGLSUREOHPL JURYLJOLR JURYLJOLRG 7XWWLODYRULDPRWUDQQHLPDODWLIDUVLULFRQRVFHUHFRPHPDODWRFRPSRUWDGLSHUV©XQ 7XWW 7XWWL LPSRQHQWHEDJDJOLRGLFRJQL]LRQLHGLHVSHULHQ]H 7XWWHOHPDWWLQHXVFLDPRLQTXDGUDWL LPS LPSR GDOFDPSRDOOD%XQDWXWWHOHVHUHLQTXDGUDWLULHQWULDPR3HUTXDQWRFRQFHUQHLOODYRUR G GD VLDPR VXGGLYLVL LQ FLUFD GXHFHQWR .RPPDQGRV RJQXQR GHL TXDOL FRQWD GD TXLQGLFL D FHQWRFLQTXDQWD XRPLQL HG ¨ FRPDQGDWR GD XQ .DSR 9L VRQR .RPPDQGRV EXRQL H FDWWLYL SHU OD PDJJLRU SDUWH VRQR DGLELWL D WUDVSRUWL H LO ODYRUR YL ¨ DVVDL GXUR VSHFLDOPHQWHGߞLQYHUQRVHQRQDOWURSHUFK©VLVYROJHVHPSUHDOOߞDSHUWR9LVRQRDQFKH .RPPDQGRVGLVSHFLDOLVWLHOHWWULFLVWLIDEEULPXUDWRULVDOGDWRULPHFFDQLFLFHPHQWLVWL HFF FLDVFXQRDGGHWWRDXQDFHUWDRIILFLQDRUHSDUWRGHOOD%XQDHGLSHQGHQWLLQPRGR SLºGLUHWWRGD0HLVWHUFLYLOLSHUORSLºWHGHVFKLHSRODFFKLTXHVWRDYYLHQHQDWXUDOPHQWH VROR QHOOH RUH GL ODYRUR QHO UHVWR GHOOD JLRUQDWD JOL VSHFLDOLVWL QRQ VRQR SLº GL WUH R TXDWWURFHQWR LQ WXWWR QRQ KDQQR WUDWWDPHQWR GLYHUVR GDL ODYRUDWRUL FRPXQL $OOߞDVVHJQD]LRQH GHL VLQJROL DL YDUL .RPPDQGRV VRYULQWHQGH XQR VSHFLDOH XIILFLR GHO /DJHU Oߞ$UEHLWVGLHQVW FKH ¨ LQ FRQWLQXR FRQWDWWR FRQ OD GLUH]LRQH FLYLOH GHOOD %XQD /ߞ$UEHLWVGLHQVW GHFLGH LQ EDVH D FULWHUL VFRQRVFLXWL VSHVVR SDOHVHPHQWH LQ EDVH D SURWH]LRQL H FRUUX]LRQL LQ PRGR FKH VH TXDOFXQR ULHVFH D SURFXUDUVL GD PDQJLDUH ¨ DQFKHSUDWLFDPHQWHVLFXURGLRWWHQHUHXQEXRQSRVWRLQ%XQD /ߞRUDULRGLODYRUR¨YDULDELOHFRQODVWDJLRQH7XWWHOHRUHGLOXFHVRQRRUHODYRUDWLYH SHUFL²VLYDGDXQRUDULRPLQLPRLQYHUQDOHRUHH DXQRPDVVLPRHVWLYR RUHH 3HUQHVVXQDUDJLRQHJOL+¤IWOLQJHSRVVRQRWURYDUVLDOODYRURQHOOH RUHGLRVFXULW RTXDQGRFߞ¨QHEELDILWWDPHQWUHVLODYRUDUHJRODUPHQWHDQFKHVHSLRYHR QHYLFDRFDVRDVVDLIUHTXHQWH VRIILDLOYHQWRIHURFHGHL&DUSD]LTXHVWRLQUHOD]LRQHDO
COPIA NON VENDIBILE
,QPH]]RDO/DJHU¨ODSLD]]DGHOOߞ$SSHOORYDVWLVVLPDGRYHFLVLUDGXQDDOPDWWLQR SHU FRVWLWXLUH OH VTXDGUH GL ODYRUR H DOOD VHUD SHU YHQLUH FRQWDWL 'L IURQWH DOOD SLD]]D GHOOߞ$SSHOOR Fߞ¨ XQD DLXROD GDOOߞHUED DFFXUDWDPHQWH UDVD GRYH VL PRQWDQR OH IRUFKH TXDQGRRFFRUUH $EELDPREHQSUHVWRLPSDUDWRFKHJOLRVSLWLGHO/DJHUVRQRGLVWLQWLLQWUHFDWHJRULHL FULPLQDOL L SROLWLFL H JOL HEUHL 7XWWL VRQR YHVWLWL D ULJKH VRQR WXWWL +¤IWOLQJH PD L FULPLQDOLSRUWDQRDFFDQWRDOQXPHURFXFLWRVXOODJLDFFDXQWULDQJRORYHUGHLSROLWLFLXQ WULDQJROR URVVR JOL HEUHL FKH FRVWLWXLVFRQR OD JUDQGH PDJJLRUDQ]D SRUWDQR OD VWHOOD HEUDLFD URVVD H JLDOOD /H 66 FL VRQR V PD SRFKH H IXRUL GHO FDPSR H VL YHGRQR UHODWLYDPHQWHGLUDGRLQRVWULSDGURQLHIIHWWLYLVRQRLWULDQJROLYHUGLLTXDOLKDQQRPDQR OLEHUDVXGLQRLHLQROWUHTXHOOLIUDOHGXHDOWUHFDWHJRULHFKHVLSUHVWDQRDGDVVHFRQGDUOLL TXDOLQRQVRQRSRFKL (GDOWURDQFRUDDEELDPRLPSDUDWRSLºRPHQRUDSLGDPHQWHDVHFRQGDGHOFDUDWWHUHGL FLDVFXQR D ULVSRQGHUH l-DZRKO{ D QRQ IDUH PDL GRPDQGH D ILQJHUH VHPSUH GL DYHUH FDSLWR $EELDPR DSSUHVR LO YDORUH GHJOL DOLPHQWL RUD DQFKH QRL UDVFKLDPR GLOLJHQWHPHQWHLOIRQGRGHOODJDPHOODGRSRLOUDQFLRHODWHQLDPRVRWWRLOPHQWRTXDQGR PDQJLDPRLOSDQHSHUQRQGLVSHUGHUQHOHEULFLROH$QFKHQRLDGHVVRVDSSLDPRFKHQRQ¨ OD VWHVVD FRVD ULFHYHUH LO PHVWROR GL ]XSSD SUHOHYDWR GDOOD VXSHUILFLH R GDO IRQGR GHO PDVWHOORHVLDPRJL LQJUDGRGLFDOFRODUHLQEDVHDOODFDSDFLW GHLYDULPDVWHOOLTXDOH VLDLOSRVWRSLºFRQYHQLHQWHDFXLDVSLUDUHTXDQGRFLVLPHWWHLQFRGD $EELDPRLPSDUDWRFKHWXWWRVHUYHLOILOGLIHUURSHUOHJDUVLOHVFDUSHJOLVWUDFFLSHU SHU ULFDYDUQH SH]]H GD SLHGL OD FDUWD SHU LPERWWLUVL DEXVLYDPHQWH OD JLDFFD FRQWUR QWUR LO IUHGGR $EELDPR LPSDUDWR FKH GߞDOWURQGH WXWWR SX² YHQLUH UXEDWR DQ]L YLHQH YLHQ DXWRPDWLFDPHQWHUXEDWRQRQDSSHQDOߞDWWHQ]LRQHVLULODVVDHSHUHYLWDUORDEELDPRGRYXWR DPRG YXWR DPRGR YXW DSSUHQGHUHOߞDUWHGLGRUPLUHFROFDSRVXXQIDJRWWRIDWWRFRQODJLDFFDHFRQWHQHQWHWXWWR RQWHQHQWH RQWHQHQWHW LOQRVWURDYHUHGDOODJDPHOODDOOHVFDUSH &RQRVFLDPR JL LQ EXRQD SDUWH LO UHJRODPHQWR GHO FDPSR FKH KH ¨ IDYRORVDPHQWH IDYR IDYRO PHQWH FRPSOLFDWR ,QQXPHUHYROL VRQR OH SURLEL]LRQL DYYLFLQDUVL D PHQR QR GL GXH PHWUL P UL GDO ILOR VSLQDWR GRUPLUH FRQ OD JLDFFD R VHQ]D PXWDQGH R FRO FDSSHOOR SSHOOR LQ WHVWD WH VHUYLUVL GL G SDUWLFRODULODYDWRLHODWULQHFKHVRQRlQXUI¼U.DSRV{RlQXUI¼U5HLFKVGHXWVFKH{QRQ QXUI¼U5HLF XUI¼U5HLF GHXWVFKH{ DQGDUH DOOD GRFFLD QHL JLRUQL SUHVFULWWL H DQGDUYL QHL JLRUQL QRQ SUHVFULWWL GL QL QR QRQ ULWWL XVFLUH XVF XV EDUDFFD FRQ OD JLDFFD VERWWRQDWD R FRO EDYHUR ULDO]DWR SRUWDUH VRWWR JOL DELWL EL FDUWD R SDJOLDFRQWURLOIUHGGRODYDUVLDOWULPHQWLFKHDWRUVRQXGR ,QILQLWL H LQVHQVDWL VRQR L ULWL GD FRPSLHUVL RJQL JLRUQR DO PDWWLQR ELVRJQD IDUH lLO OHWWR{ SHUIHWWDPHQWH SLDQR H OLVFLR VSDOPDUVL JOL ]RFFROL IDQJRVL H UHSHOOHQWL FRQ OߞDSSRVLWRJUDVVRGDPDFFKLQDUDVFKLDUHYLDGDJOLDELWLOHPDFFKLHGLIDQJROHPDFFKLH GLYHUQLFHGLJUDVVRHGLUXJJLQHVRQRLQYHFHDPPHVVH DOODVHUDELVRJQDVRWWRSRUVLDO FRQWUROOR GHL SLGRFFKL H DO FRQWUROOR GHOOD ODYDWXUD GHL SLHGL DO VDEDWR IDUVL UDGHUH OD EDUEDHLFDSHOOLUDPPHQGDUVLRIDUVLUDPPHQGDUHJOLVWUDFFLDOODGRPHQLFDVRWWRSRUVL DO FRQWUROOR JHQHUDOH GHOOD VFDEELD H DO FRQWUROOR GHL ERWWRQL GHOOD JLDFFD FKH GHYRQR HVVHUHFLQTXH 'LSLºFLVRQRLQQXPHUHYROLFLUFRVWDQ]HQRUPDOPHQWHLUULOHYDQWLFKHTXLGLYHQWDQR SUREOHPL 4XDQGR OH XQJKLH VL DOOXQJDQR ELVRJQD DFFRUFLDUOH LO FKH QRQ VL SX² IDUH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
(FFRPLGXQTXHVXOIRQGR$GDUHXQFROSRGLVSXJQDDOSDVVDWRHDOIXWXURVLLPSDUD XWXURVLLP XWXURVLLPS DVVDL SUHVWR VH LO ELVRJQR SUHPH 'RSR TXLQGLFL JLRUQL GDOOߞ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¨SLºPLRKRLOYHQWUH K KR JRQILRHOHPHPEUDVWHFFKLWHLOYLVRWXPLGRDOPDWWLQRHLQFDYDWRDVHUDTXDOFXQRIUD QRL KD OD SHOOH JLDOOD TXDOFKH DOWUR JULJLD TXDQGR QRQ FL YHGLDPR SHU WUH R TXDWWUR JLRUQLVWHQWLDPRDULFRQRVFHUFLOߞXQOߞDOWUR $YHYDPRGHFLVRGLWURYDUFLQRLLWDOLDQLRJQLGRPHQLFDVHUDLQXQDQJRORGHO/DJHU PD DEELDPR VXELWR VPHVVR SHUFK© HUD WURSSR WULVWH FRQWDUFL H WURYDUFL RJQL YROWD SLº SRFKLHSLºGHIRUPLHSLºVTXDOOLGL(GHUDFRVIDWLFRVRIDUHTXHLSRFKLSDVVLHSRLD ULWURYDUVLDFFDGHYDGLULFRUGDUHHGLSHQVDUHHGHUDPHJOLRQRQIDUOR
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
'RSRLSULPLJLRUQLGLFDSULFFLRVLWUDVIHULPHQWLGDEORFFRDEORFFRHGD.RPPDQGRD .RPPDQGR D VHUD WDUGD VRQR VWDWR DVVHJQDWR DO %ORFN H PL YLHQH LQGLFDWD XQD FXFFHWWD LQ FXL L JL GGRUPH 'LHQD 'LHQD VL VYHJOLD H EHQFK© HVDXVWR PL ID SRVWR H PL ULFHYHDPLFKHYROPHQWH KHYROPHQ KHYROPHQWH ,RQRQKRVRQQRRSHUPHJOLRGLUHLOPLRVRQQR¨PDVFKHUDWRGDXQRVWDWRGLWHQVLRQH QKRVRQQR HGLDQVLDGDFXLQRQVRQRDQFRUDULXVFLWRDOLEHUDUPLHSHUFL²SDUORHSDUOR QVLDGDFXLQ +RWURSSHFRVHGDFKLHGHUH+RIDPHHTXDQGRGRPDQLGLVWULEXLUDQQROD]XSSDFRPH +RWURSSH +RWURSSHF HG PDQJLDUOD VHQ]D FXFFKLDLR" H FRPH VL SX² DYHUH XQ FXFFKLDLR" H GRYH PL IDU² D PD PDQ DUOD UOD VHQ] PDQGHUDQQR ODYRUDUH" 'LHQD QH VD TXDQWR PH QDWXUDOPHQWH H PL ULVSRQGH FRQ DOWUH PDQG PDQGHUD R D ODYRUDUH GRPDQGH0DGDVRSUDGDVRWWRGDYLFLQRGDORQWDQRGDWXWWLJOLDQJROLGHOODEDUDFFD GRPD H0DGDVR RUPDLEXLDYRFLDVVRQQDWHHLUDFRQGHPLJULGDQRߙ5XKH5XKH RU LEXLDYRFL EXLDYRFL &DSLVFRFKHPLVLLPSRQHLOVLOHQ]LRPDTXHVWDSDUROD¨SHUPHQXRYDHSRLFK©QRQ &DSLVFRFK FRQRVFR LO VHQVR H OH LPSOLFD]LRQL OD PLD LQTXLHWXGLQH FUHVFH /D FRQIXVLRQH GHOOH QH FRQRVF FRQRVFR OLQJXH¨XQDFRPSRQHQWHIRQGDPHQWDOHGHOPRGRGLYLYHUHGLTXDJJLºVL¨FLUFRQGDWLGD OLQJXH OLQJXH¨ XQD SHUSHWXD %DEHOH LQ FXL WXWWL XUODQR RUGLQL H PLQDFFH LQ OLQJXH PDL SULPD XGLWH H XQD JJXDLDFKLQRQDIIHUUDDYROR4XLQHVVXQRKDWHPSRQHVVXQRKDSD]LHQ]DQHVVXQRWLG JX DVFROWRQRLXOWLPLYHQXWLFLUDGXQLDPRLVWLQWLYDPHQWHQHJOLDQJROLFRQWURLPXULFRPH IDQQROHSHFRUHSHUVHQWLUFLOHVSDOOHPDWHULDOPHQWHFRSHUWH 5LQXQFLR GXQTXH D IDUH GRPDQGH H LQ EUHYH VFLYROR LQ XQ VRQQR DPDUR H WHVR 0D QRQ¨ULSRVRPLVHQWRPLQDFFLDWRLQVLGLDWRDGRJQLLVWDQWHVRQRSURQWRDFRQWUDUPLLQ XQR VSDVLPR GL GLIHVD 6RJQR H PL SDUH GL GRUPLUH VX XQD VWUDGD VX XQ SRQWH SHU WUDYHUVRGLXQDSRUWDSHUFXLYDHYLHQHPROWDJHQWH(GHFFRJLXQJHDKLTXDQWRSUHVWR OD VYHJOLD /ߞLQWHUD EDUDFFD VL VTXDVVD GDOOH IRQGDPHQWD OH OXFL VL DFFHQGRQR WXWWL LQWRUQRDPHVLDJLWDQRLQXQDUHSHQWLQDDWWLYLW IUHQHWLFDVFXRWRQROHFRSHUWHVXVFLWDQGR QHPEL GL SROYHUH IHWLGD VL YHVWRQR FRQ IUHWWD IHEEULOH FRUURQR IXRUL QHO JHOR GHOOߞDULD HVWHUQDYHVWLWLDPH]]RVLSUHFLSLWDQRYHUVROHODWULQHHLOODYDWRLRPROWLEHVWLDOPHQWH RULQDQR FRUUHQGR SHU ULVSDUPLDUH WHPSR SHUFK© HQWUR FLQTXH PLQXWL LQL]LD OD GLVWULEX]LRQH GHO SDQH GHO SDQH%URW%URLWFKOHESDLQOHFKHPNHQ\©U GHO VDFUR EORFFKHWWRJULJLRFKHVHPEUDJLJDQWHVFRLQPDQRGHOWXRYLFLQRHSLFFRORGDSLDQJHUHLQ PDQR WXD XQD DOOXFLQD]LRQH TXRWLGLDQD D FXL VL ILQLVFH FRO IDUH OߞDELWXGLQH PD QHL SULPL WHPSL ¨ FRV LUUHVLVWLELOH FKH PROWL IUD QRL GRSR OXQJR GLVFXWHUH D FRSSLH VXOOD SURSULD SDOHVH H FRVWDQWH VIRUWXQD H VIDFFLDWD IRUWXQD DOWUXL VL VFDPELDQR LQILQH OH UD]LRQLDOFKHOߞLOOXVLRQHVLULSULVWLQDLQYHUWLWDODVFLDQGRWXWWLVFRQWHQWLHIUXVWUDWL ,O SDQH ¨ DQFKH OD QRVWUD VROD PRQHWD QHL SRFKL PLQXWL FKH LQWHUFRUURQR IUD OD GLVWULEX]LRQHHODFRQVXPD]LRQHLO%ORFNULVXRQDGLULFKLDPLGLOLWLHGLIXJKH6RQRL
,QL]LD]LRQH
IO D U E T S BIL I R D E P EN O V T N S TE NO
7DOH VDU OD QRVWUD YLWD 2JQL JLRUQR VHFRQGR LO ULWPR SUHVWDELOLWR $XVU¼FNHQ HG (LQU¼FNHQXVFLUHHULHQWUDUHODYRUDUHGRUPLUHHPDQJLDUHDPPDODUVLJXDULUHRPRULUH ߨ(ILQRDTXDQGR"0DJOLDQ]LDQLULGRQRDTXHVWDGRPDQGDDTXHVWDGRPDQGDVL ULFRQRVFRQR L QXRYL DUULYDWL 5LGRQR H QRQ ULVSRQGRQR SHU ORUR GD PHVL GD DQQL LO SUREOHPD GHO IXWXUR UHPRWR ¨ LPSDOOLGLWR KD SHUVR RJQL DFXWH]]D GL IURQWH DL EHQ SLº XUJHQWLHFRQFUHWLSUREOHPLGHOIXWXURSURVVLPRTXDQWRVLPDQJHU RJJLVHQHYLFKHU VH FLVDU GDVFDULFDUHFDUERQH 6H IRVVLPR UDJLRQHYROL GRYUHPPR UDVVHJQDUFL D TXHVWD HYLGHQ]D FKH LO QRVWUR GHVWLQR ¨ SHUIHWWDPHQWH LQFRQRVFLELOH FKH RJQL FRQJHWWXUD ¨ DUELWUDULD HG HVDWWDPHQWH SULYDGLIRQGDPHQWRUHDOH0DUDJLRQHYROLJOLXRPLQLVRQRDVVDLUDUDPHQWHTXDQGR¨LQ JLRFRLOORURSURSULRGHVWLQRHVVLSUHIHULVFRQRLQRJQLFDVROHSRVL]LRQLHVWUHPHSHUFL² DVHFRQGDGHOORURFDUDWWHUHIUDGLQRLJOLXQLVLVRQRFRQYLQWLLPPHGLDWDPHQWHFKHWXWWR ¨SHUGXWRFKHTXLQRQVLSX²YLYHUHHFKHODILQH¨FHUWDHSURVVLPDJOLDOWULFKHSHU TXDQWRGXUDVLDODYLWDFKHFLDWWHQGHODVDOYH]]D¨SUREDELOHHQRQORQWDQDHVHDYUHPR IHGHHIRU]DULYHGUHPROHQRVWUHFDVHHLQRVWULFDUL/HGXHFODVVLGHLSHVVLPLVWLHGHJOL RWWLPLVWLQRQVRQRSHUDOWURFRVEHQGLVWLQWHQRQJL SHUFK©JOLDJQRVWLFLVLDQRPROWLPD PD SHUFK©LSLºVHQ]DPHPRULDQ©FRHUHQ]DRVFLOODQRIUDOHGXHSRVL]LRQLOLPLWHDVHFRQGD FRQGD GHOOߞLQWHUORFXWRUHHGHOPRPHQWR
IDWWRFKHLOEXLRRODQHEELDSRWUHEEHURGDUHRFFDVLRQHDWHQWDWLYLGLIXJD 8QD GRPHQLFD RJQL GXH ¨ UHJRODUH JLRUQR ODYRUDWLYR QHOOH GRPHQLFKH FRVLGGHWWH IHVWLYH LQYHFH GL ODYRUDUH LQ %XQD VL ODYRUD GL VROLWR DOOD PDQXWHQ]LRQH GHO /DJHU LQ PRGRFKHLJLRUQLGLHIIHWWLYRULSRVRVRQRHVWUHPDPHQWHUDUL
TESTO PER STUDIO UNITO
N
COPIA NON VENDIBILE
GRSRODODWULQDSULPDGLPDQJLDUHO YDWLOHPDQLQRQGLPHQWLFDUH 3HUPROWHVHWWLPDQHKRFRQVLGHUDWRTXHVWLDPPRQLPHQWLDOOߞLJLHQHFRPHSXULWUDWWLGL GL VSLULWR WHXWRQLFR QHOOR VWLOH GHO GLDORJR UHODWLYR DO FLQWR HUQLDULR FRQ FXL HUDYDPR R VWDWL DFFROWL DO QRVWUR LQJUHVVR LQ /DJHU 0D KR SRL FDSLWR FKH L ORUR LJQRWL DXWRUL IRUVH IRUV LQFRQVFLDPHQWHQRQHUDQRORQWDQLGDDOFXQHLPSRUWDQWLYHULW ,QTXHVWROXRJRODYDUVL RJRO YDUVL RJROD YDUV WXWWL L JLRUQL QHOOߞDFTXD WRUELGD GHO ODYDQGLQR LPPRQGR ¨ SUDWLFDPHQWH LQXWLOH DL D ILQL GHOODSXOL]LDHGHOODVDOXWH¨LQYHFHLPSRUWDQWLVVLPRFRPHVLQWRPRGLUHVLGXDYLWDOLW H UHVLGXDYLWD H QHFHVVDULRFRPHVWUXPHQWRGLVRSUDYYLYHQ]DPRUDOH 'HYRFRQIHVVDUORGRSRXQDVRODVHWWLPDQDGLSULJLRQLDLQPHOߞLVWLQWRGHOODSXOL]LD¨ HOߞLVWLQWRG HOߞLVWLQWRGH SXOL]LD¨ VSDULWR 0L DJJLUR FLRQGRODQGR SHU LO ODYDWRLR HG HFFR 6WHLQODXI LQODXI QODXI LO PLR P PL DPLFR TXDVL TXDV FLQTXDQWHQQHDWRUVRQXGRFKHVLVWURILQDFROORHVSDOOHFRQVFDUVRHVLWRQRQKDVDSRQH VFDUVRHVLW VFDUVRHVLW QRQKDVDSR PD FRQ HVWUHPD HQHUJLD 6WHLQODXI PL YHGH H PL VDOXWD H VHQ]D ]D DPEDJL L PL GRPDQGD GR VHYHUDPHQWH SHUFK© QRQ PL ODYR 3HUFK© GRYUHL ODYDUPL" VWDUHL IRUVH PHJOLR R GL TXDQWR VWR" SLDFHUHL GL SLº D TXDOFXQR" YLYUHL XQ JLRUQR XQߞRUD GL SLº" 9LYUHL DQ]L GL PHQR SHUFK©ODYDUVL¨XQODYRURXQRVSUHFRGLHQHUJLDHGLFDORUH1RQVD6WHLQODXIFKHGRSR PH]]ߞRUDDLVDFFKLGLFDUERQHRJQLGLIIHUHQ]DIUDOXLHPHVDU VFRPSDUVD"3LºFLSHQVR H SLº PL SDUH FKH ODYDUVL OD IDFFLD QHOOH QRVWUH FRQGL]LRQL VLD XQD IDFFHQGD LQVXOVD DGGLULWWXUDIULYRODXQߞDELWXGLQHPHFFDQLFDRSHJJLRXQDOXJXEUHULSHWL]LRQHGLXQULWR HVWLQWR0RUUHPRWXWWLVWLDPRSHUPRULUHVHPLDYDQ]DQRGLHFLPLQXWLIUDODVYHJOLDHLO ODYRURYRJOLRGHGLFDUOLDGDOWURDFKLXGHUPLLQPHVWHVVRDWLUDUHOHVRPPHRPDJDULD JXDUGDUHLOFLHORHDSHQVDUHFKHORYHGRIRUVHSHUOߞXOWLPDYROWDRDQFKHVRORDODVFLDUPL YLYHUHDFRQFHGHUPLLOOXVVRGLXQPLQXVFRORR]LR 0D6WHLQODXIPLG VXOODYRFH+DWHUPLQDWRGLODYDUVLRUDVLVWDDVFLXJDQGRFRQOD JLDFFD GL WHOD FKH SULPD WHQHYD DUURWRODWD IUD OH JLQRFFKLD H FKH SRL LQILOHU H VHQ]D
+¤QGHZDVFKHQQLFKWYHUJHVVHQ
1DFKGHP$ERUWYRUGHP(VVHQ
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
LQWHUURPSHUHOߞRSHUD]LRQHPLVRPPLQLVWUDXQDOH]LRQHLQSLHQDUHJROD +R VFRUGDWR RUPDL H PH QH GXROH OH VXH SDUROH GLULWWH H FKLDUH OH SDUROH GHO JL VHUJHQWH 6WHLQODXI GHOOߞHVHUFLWR DXVWURXQJDULFR FURFH GL IHUUR GHOOD JXHUUD ߞ 0H QH GXROH SHUFK© GRYU² WUDGXUUH LO VXR LWDOLDQR LQFHUWR H LO VXR GLVFRUVR SLDQR GL EXRQ VROGDWR QHO PLR OLQJXDJJLR GL XRPR LQFUHGXOR 0D TXHVWR QH HUD LO VHQVR QRQ GLPHQWLFDWRDOORUDQ©SRLFKHDSSXQWRSHUFK©LO/DJHU¨XQDJUDQPDFFKLQDSHUULGXUFLD EHVWLH QRL EHVWLH QRQ GREELDPR GLYHQWDUH FKH DQFKH LQ TXHVWR OXRJR VL SX² VRSUDYYLYHUH H SHUFL² VL GHYH YROHU VRSUDYYLYHUH SHU UDFFRQWDUH SHU SRUWDUH WHVWLPRQLDQ]D H FKH SHU YLYHUH ¨ LPSRUWDQWH VIRU]DUFL GL VDOYDUH DOPHQR OR VFKHOHWUR OߞLPSDOFDWXUD OD IRUPD GHOOD FLYLOW &KH VLDPR VFKLDYL SULYL GL RJQL GLULWWR HVSRVWL D RJQL RIIHVD YRWDWL RWDWL D D PRUWH TXDVL FHUWD PD FKH XQD IDFROW FL ¨ ULPDVWD H GREELDPR GLIHQGHUOD FRQ RJQL Y YLJRUH SHUFK© ¨ OߞXOWLPD OD IDFROW GL QHJDUH LO QRVWUR FRQVHQVR 'REELDPR PR TXLQGL FHUWDPHQWH ODYDUFL OD IDFFLD VHQ]D VDSRQH QHOOߞDFTXD VSRUFD H DVFLXJDUFLQHOODJLDFFD'REELDPRGDUHLOQHURDOOHVFDUSHQRQSHUFK©FRVSUHVFULYHLO JDUFLQHOODJ JRODPHQWR PD D SHU S GLJQLW H SHU SURSULHW 'REELDPR FDPPLQDUH GLULWWL VHQ]D UHJRODPHQWR VWUDVFLFDUHJOL]RFFROLQRQJL LQRPDJJLRDOODGLVFLSOLQDSUXVVLDQDPDSHUUHVWDUHYLYL VWUDVFLFDUH VWUDVFLFDUH ]RFFROL SHUQRQFRPLQFLDUHDPRULUH SHUQRQ HUQ PLQFLDUHDP 4XHVWHFRVHPLGLVVH6WHLQODXIXRPRGLYRORQW EXRQDVWUDQHFRVHDOPLRRUHFFKLR 4X WHFRVHPL HFRVHPL GLVVXHWR GL HWR WR LQWHVH H DFFHWWDWH VROR LQ SDUWH H PLWLJDWH LQ XQD SLº IDFLOH GXWWLOH H EODQGD GRWWULQDTXHOODFKHGDVHFROLVLUHVSLUDDOGLTXDGHOOH$OSLHVHFRQGRODTXDOHIUDOߞDOWUR WWULQDTXHO WWULQDTXHOO PDJJLRU YDQLW FKH VIRU]DUVL GL LQJKLRWWLUH LQWHUL L VLVWHPL PRUDOL HODERUDWL GD QRQ Fߞ¨ P DOWULVRWWRDOWURFLHOR1RODVDJJH]]DHODYLUWºGL6WHLQODXIEXRQHFHUWDPHQWHSHUOXLD DOWULVR PHQRQEDVWDQR'LIURQWHDTXHVWRFRPSOLFDWRPRQGRLQIHUROHPLHLGHHVRQRFRQIXVH PH PHQ Q VVDU SURSULR QHFHVVDULR HODERUDUH XQ VLVWHPD H SUDWLFDUOR" R QRQ VDU SLº VDOXWDUH VD SUHQGHUHFRVFLHQ]DGLQRQDYHUHVLVWHPD"
IO D U E T S BIL I R D E P EN V N O
FUHGLWRUL GL LHUL FKH SUHWHQGRQR LO SDJDPHQWR QHL EUHYL LVWDQWL LQ FXL LO GHELWRUH ¨ VROYLELOH'RSRGLFKHVXEHQWUDXQDUHODWLYDTXLHWHHPROWLQHDSSURILWWDQRSHUUHFDUVL QXRYDPHQWHDOOHODWULQHDIXPDUHPH]]DVLJDUHWWDRDOODYDWRLRSHUODYDUVLYHUDPHQWH ,OODYDWRLR¨XQORFDOHSRFRLQYLWDQWHPDOHLOOXPLQDWRSLHQRGLFRUUHQWLGߞDULDHLO SDYLPHQWRGLPDWWRQL¨FRSHUWRGDXQRVWUDWRGLIDQJKLJOLDOߞDFTXDQRQ¨SRWDELOHKDXQ RGRUH GLVJXVWRVR H VSHVVR PDQFD SHU PROWH RUH /H SDUHWL VRQR GHFRUDWH GD FXULRVL DIIUHVFKL GLGDVFDOLFL YL VL YHGH DG HVHPSLR OR +¤IWOLQJ EXRQR HIILJLDWR QXGR ILQR DOOD FLQWRODLQDWWRGLLQVDSRQDUVLGLOLJHQWHPHQWHLOFUDQLREHQWRVDWRHURVHRHOR+¤IWOLQJ FDWWLYRGDOQDVRIRUWHPHQWHVHPLWLFRHGDOFRORULWRYHUGDVWURLOTXDOHWXWWRLQIDJRWWDWR QHJOL DELWL YLVWRVDPHQWH PDFFKLDWL H FRO EHUUHWWR LQ WHVWD LPPHUJH FDXWDPHQWH XQ GLWR QHOOߞDFTXDGHOODYDQGLQR6RWWRDOSULPRVWDVFULWWRl6RELVWGXUHLQ{FRVVHLSXOLWR H VRWWR DO VHFRQGR l6R JHKVW GX HLQ{ FRV YDL LQ URYLQD H SLº LQ EDVVR LQ GXEELR IUDQFHVHPDLQFDUDWWHULJRWLFLl/DSURSUHW©FߞHVWODVDQW©{ 6XOOD SDUHWH RSSRVWD FDPSHJJLD XQ HQRUPH SLGRFFKLR ELDQFR URVVR H QHUR FRQ OD VFULWWDl(LQH/DXVGHLQ7RG{XQSLGRFFKLR¨ODWXDPRUWH HLOGLVWLFRLVSLUDWR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
$QFRUD XQD YROWD VLDPR DL SLHGL GHOOD FDWDVWD 0LVFKD H LO *DOL]LDQR DO]DQR XQ $ VXSSRUWRHFHORSRVDQRFRQPDOJDUERVXOOHVSDOOH,OORURSRVWR¨LOPHQRIDWLFRVRSHUFL² VVX HVVLIDQQRVIRJJLRGL]HORSHUFRQVHUYDUORFKLDPDQRLFRPSDJQLFKHLQGXJLDQRLQFLWDQR HVRUWDQRLPSRQJRQRDOODYRURXQULWPRLQVRVWHQLELOH4XHVWRPLULHPSLHGLVGHJQRSXUH JL VR RUPDL FKH ¨ QHO QRUPDOH RUGLQH GHOOH FRVH FKH L SULYLOHJLDWL RSSULPDQR L QRQ SULYLOHJLDWLVXTXHVWDOHJJHXPDQDVLUHJJHODVWUXWWXUDVRFLDOHGHOFDPSR 4XHVWDYROWDWRFFDDPHFDPPLQDUHGDYDQWL,OVXSSRUWR¨SHVDQWHPDPROWRFRUWRSHU FXLDRJQLSDVVRVHQWRGLHWURGLPHLSLHGLGL1XOO$FKW]HKQFKHLQFHVSLFDQRFRQWURL PLHLSRLFK©HJOLQRQ¨FDSDFHRQRQVLFXUDGLVHJXLUHLOPLRSDVVR 9HQWL SDVVL VLDPR DUULYDWL DO ELQDULR Fߞ¨ XQ FDYR GD VFDYDOFDUH ,O FDULFR ¨ PDO PHVVR TXDOFRVD QRQ YD WHQGH D VFLYRODUH GDOOD VSDOOD &LQTXDQWD SDVVL VHVVDQWD /D SRUWD GHO PDJD]]LQR DQFRUD DOWUHWWDQWR FDPPLQR H OR GHSRUUHPR %DVWD ¨ LPSRVVLELOH DQGDUHROWUHLOFDULFRPLJUDYDRUPDLLQWHUDPHQWHVXOEUDFFLRQRQSRVVRVRSSRUWDUHSLºD OXQJR LO GRORUH H OD IDWLFD JULGR FHUFR GL YROWDUPL DSSHQD LQ WHPSR SHU YHGHUH 1XOO $FKW]HKQLQFLDPSDUHHEXWWDUHWXWWR 6H DYHVVL DYXWR OD PLD DJLOLW GL XQ WHPSR DYUHL SRWXWR EDO]DUH LQGLHWUR LQYHFH HFFRPLDWHUUDFRQWXWWLLPXVFROLFRQWUDWWLLOSLHGHFROSLWRVWUHWWRIUDOHPDQLFLHFRGL GRORUH/RVSLJRORGLJKLVDPLKDFROSLWRGLWDJOLRLOGRUVRGHOSLHGHVLQLVWUR 3HU XQ PLQXWR WXWWR VL DQQXOOD QHOOD YHUWLJLQH GHOOD VRIIHUHQ]D 4XDQGR PL SRVVR JXDUGDUHDWWRUQR1XOO$FKW]HKQ¨DQFRUDO LQSLHGLQRQVL¨PRVVRFROOHPDQLLQILODWH QHOOHPDQLFKHVHQ]DGLUHXQDSDURODPLJXDUGDVHQ]DHVSUHVVLRQH$UULYDQR0LVFKDHLO
1RLQYHULW LQTXHVWRPLRFRPSDJQRGLRJJLDJJLRJDWRRJJLFRQPHVRWWRORVWHVVR FDULFRQRQVHQWRXQQHPLFRQ©XQULYDOH 1XOO$FKW]HKQ1RQVLFKLDPDDOWULPHQWLFKHFRV=HUR'LFLRWWROHXOWLPHWUHFLIUH IUH GHO VXR QXPHUR GL PDWULFROD FRPH VH RJQXQR VL IRVVH UHVR FRQWR FKH VROR XQ XRPR RPR ¨ GHJQRGLDYHUHXQQRPHHFKH1XOO$FKW]HKQQRQ¨SLºXQXRPR&UHGRFKHOXLVWHVVR VWHVV VWHVVR DEELD GLPHQWLFDWR LO VXR QRPH FHUWR VL FRPSRUWD FRPH VH FRV IRVVH 4XDQGR XDQGR DQGR SDUOD SDUOD DUOD TXDQGR JXDUGD G OߞLPSUHVVLRQH GL HVVHUH YXRWR LQWHULRUPHQWH QXOOD FKH XQ D SLº FK FKH LQYROXFURFRPHFHUWHVSRJOLHGLLQVHWWLFKHVLWURYDQRLQULYDDJOLVWDJQLDWWDFFDWHFRQXQ LDWWDFFDWHF DWWDFFDWHF XQ ILORDLVDVVLHLOYHQWROHVFXRWH 1XOO$FKW]HKQ¨PROWRJLRYDQHLOFKHFRVWLWXLVFHXQSHULFRORJUDYH1RQVRORSHUFK© JUDYH1R JUDYH1RQ ORSHUFK© LUDJD]]LVRSSRUWDQRSHJJLRGHJOLDGXOWLOHIDWLFKHHLOGLJLXQRPDVRSUDWWXWWRSHUFK©TXL PDVRSUDWW RSHUFK©TXL PDVRSUDWWX SHUVRSUDYYLYHUHRFFRUUHXQOXQJRDOOHQDPHQWRDOODORWWDGLFLDVFXQRFRQWURWXWWLFKHL GLFLDVFXQR QWURWXWWLFK GLFLDVFXQR JLRYDQLUDUDPHQWHSRVVHJJRQR1XOO$FKW]HKQQRQ¨QHSSXUHSDUWLFRODUPHQWHLQGHEROLWR SDUWLF UWLF QWHLQGH PDWXWWLULIXJJRQRGDOODYRUDUHFRQOXL7XWWRJOL¨DWDOVHJQRLQGLIIHUHQWHFKHQRQVLFXUD Q SLº GL HYLWDUH OD IDWLFD H OH SHUFRVVH H GL FHUFDUH LO FLER (VHJXLVFH WXWWL JOL RUGLQL FKH ULFHYHHG¨SUHYHGLELOHFKHTXDQGRORPDQGHUDQQRDOODPRUWHFLDQGU FRQTXHVWDVWHVVD WRWDOHLQGLIIHUHQ]D 1RQ SRVVLHGH OD UXGLPHQWDOH DVWX]LD GHL FDYDOOL GD WUDLQR FKH VPHWWRQR GL WLUDUH XQ SRߞ SULPD GL JLXQJHUH DOOߞHVDXULPHQWR PD WLUD R SRUWD R VSLQJH ILQFK© OH IRU]H JOLHOR SHUPHWWRQRSRLFHGHGLVFKLDQWRVHQ]DXQDSDURODGLDYYHUWLPHQWRVHQ]DVROOHYDUHGDO VXRORJOLRFFKLWULVWLHRSDFKL0LULFRUGDLFDQLGDVOLWWDGHLOLEULGL/RQGRQFKHIDWLFDQR ILQRDOOߞXOWLPRUHVSLURHPXRLRQRVXOODSLVWD 2UD SRLFK© QRL WXWWL FHUFKLDPR LQYHFH FRQ RJQL PH]]R GL VRWWUDUFL DOOD IDWLFD 1XOO $FKW]HKQ¨TXHOORFKHODYRUDSLºGLWXWWL3HUTXHVWRHSHUFK©¨XQFRPSDJQRSHULFRORVR QHVVXQR YXRO ODYRUDUH FRQ OXL H VLFFRPH GߞDOWURQGH QHVVXQR YXRO ODYRUDUH FRQ PH
SHUFK©VRQRGHEROHHPDOGHVWURFRVVSHVVRDFFDGHFKHFLWURYLDPRDFFRSSLDWL 0HQWUHDPDQLYXRWHDQFRUDXQDYROWDWRUQLDPRVWUDVFLFDQGRLSLHGLGDOPDJD]]LQR XQD ORFRPRWLYD ILVFKLD EUHYH H FL WDJOLD OD VWUDGD &RQWHQWL GHOOD LQWHUUX]LRQH IRU]DWD 1XOO$FKW]HKQHGLRFLIHUPLDPRFXUYLHODFHULDVSHWWLDPRFKHLYDJRQLDEELDQRILQLWR GLVILODUFLOHQWDPHQWHGDYDQWL ߨ'HXWVFKH5HLFKVEDKQ'HXWVFKH5HLFKVEDKQ61&)'XHJLJDQWHVFKLYDJRQLUXVVL FRQODIDOFHHLOPDUWHOORPDOFDQFHOODWL'HXWVFKH5HLFKVEDKQ3RL&DYDOOL8RPLQL 7DUD3RUWDWDXQYDJRQHLWDOLDQRߨ6DOLUYLGHQWURLQXQDQJROREHQQDVFRVWRVRWWRLO FDUERQHHVWDUHIHUPRH]LWWRDOEXLRDGDVFROWDUHVHQ]DILQHLOULWPRGHOOHURWDLHSLº IRUWHGHOODIDPHHGHOODVWDQFKH]]DILQFK©DXQFHUWRPRPHQWRLOWUHQRVLIHUPHUHEEHH VHQWLUHLOߞDULDWLHSLGDHRGRUHGLILHQRHSRWUHLXVFLUHIXRULQHOVROHDOORUDPLFRULFKHUHL WLHSLGD LHSLGD D WHUUD D EDFLDUH WHUUD FRPH VL OHJJH QHL OLEUL FRO YLVR QHOOߞHUED ( SDVVHUHEEH XQD DFLDUH OD WH GRQQD H PL FKLHGHUHEEH l&KL VHL"{ LQ LWDOLDQR H LR OH UDFFRQWHUHL LQ LWDOLDQR H OHL FKLHGH FDSLUHEEH GD PDQJLDUH H GD GRUPLUH ( QRQ FUHGHUHEEH DOOH FRVH FKH LR HEEH H PL GDUHEEH G GLFRHLROHIDUHLYHGHUHLOQXPHURFKHKRVXOEUDFFLRHDOORUDFUHGHUHEEHߨ FRHLROHID RHLROHID YH ߨ ILQLWR IILQ R /ߞXOWLPR /ߞXOWLP YDJRQH ¨ SDVVDWR H FRPH DO VROOHYDUVL GL XQ VLSDULR FL VWD GDYDQWLDJOLRFFKLODFDWDVWDGHLVXSSRUWLGLJKLVDLO.DSRLQSLHGLVXOODFDWDVWDFRQXQD GDYDQWL DYDQ LRFFKLODF RFFKLODF YHUJDLQPDQRLFRPSDJQLVSDUXWLDFRSSLHFKHYHQJRQRHYDQQR YHUJD PDQRLFR PDQRLFRP *XDLDVRJQDUHLOPRPHQWRGLFRVFLHQ]DFKHDFFRPSDJQDLOULVYHJOLR¨ODVRIIHUHQ]D XDLDVRJQDU DLDVRJQDU SLºDFXWD0DQRQFLFDSLWDVRYHQWHHQRQVRQROXQJKLVRJQLQRLQRQVLDPRFKHEHVWLH ºDFXWD0D VWDQFKH
IO D U E T S BIL I R D E P EN O V T N S TE NO
,JLRUQLVLVRPLJOLDQRWXWWLHQRQ¨IDFLOHFRQWDUOL'DQRQVRTXDQWLJLRUQLIDFFLDPROD VSROD D FRSSLH GDOOD IHUURYLD DO PDJD]]LQR XQ FHQWLQDLR GL PHWUL GL VXROR LQ GLVJHOR $YDQWLVRWWRLOFDULFRLQGLHWURFROOHEUDFFLDSHQGHQWLOXQJRLILDQFKLVHQ]DSDUODUH ,QWRUQRWXWWRFL¨QHPLFR6RSUDGLQRLVLULQFRUURQROHQXYROHPDOLJQHSHUVHSDUDUFL GDOVROHGDRJQLSDUWHFLVWULQJHORVTXDOORUHGHOIHUURLQWUDYDJOLR,VXRLFRQILQLQRQOL DEELDPRPDLYLVWLPDVHQWLDPRWXWWRLQWRUQRODSUHVHQ]DFDWWLYDGHOILORVSLQDWRFKHFL VHJUHJDGDOPRQGR(VXOOHLPSDOFDWXUHVXLWUHQLLQPDQRYUDQHOOHVWUDGHQHJOLVFDYL QHJOL XIILFL XRPLQL H XRPLQL VFKLDYL H SDGURQL L SDGURQL VFKLDYL HVVL VWHVVL OD SDXUD PXRYHJOLXQLHOߞRGLRJOLDOWULRJQLDOWUDIRU]DWDFH7XWWLFLVRQRQHPLFLRULYDOL
.D%H
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
.D%H ¨ DEEUHYLD]LRQH GL .UDQNHQEDX OߞLQIHUPHULD 6RQR RWWR EDUDFFKH VLPLOL PLOL LQ L WXWWRDOOHDOWUHGHOFDPSRPDVHSDUDWHGDXQUHWLFRODWR&RQWHQJRQRSHUPDQHQWHPHQWHXQ QWHPH H X QWHPHQ XQ GHFLPR GHOOD SRSROD]LRQH GHO FDPSR PD SRFKL YL VRJJLRUQDQR SLº GL GXH XH VHWWLPDQH VHWWLPDQ H VHWWLP QHVVXQRSLºGLGXHPHVLHQWURTXHVWLWHUPLQLVLDPRWHQXWLDPRULUHRDJXDULUH&KLKD DJXDULUH& K WHQGHQ]DDOODJXDULJLRQHLQ.D%HYLHQHFXUDWRFKLKDWHQGHQ]DDGDJJUDYDUVLGDO.D GDJJUDYDUVL DJJUDYDU DO.D %HYLHQHPDQGDWRDOOHFDPHUHDJDV 7XWWRTXHVWRSHUFK©QRLSHUQRVWUDIRUWXQDDSSDUWHQLDPRDOODFDWHJRULDGHJOLlHEUHL DOODFDWHJR GHJOLlHEUHL DOODFDWHJRU GHJOLlHEUH HFRQRPLFDPHQWHXWLOL{ $O.D%HQRQVRQRPDLVWDWRQHSSXUHDOOߞ$PEXODWRULRHWXWWRTXL¨QXRYRSHUPH XWWRTX RT RYRSHU *OL DPEXODWRUL VRQR GXH 0HGLFR H &KLUXUJLFR 'DYDQWL DOOD SRUWD QHOOD QRWWH H QHO Q YHQWRVWDQQRGXHOXQJKHILOHGLRPEUH$OFXQLKDQQRELVRJQRVRORGLXQEHQGDJJLRRGL TXDOFKHSLOORODDOWULFKLHGRQRYLVLWDTXDOFXQRKDODPRUWHLQYLVR,SULPLGHOOHGXHILOH JL VRQRVFDO]LHSURQWLDHQWUDUHJOLDOWULDPDQRDPDQRFKHLOORURWXUQRGLLQJUHVVRVL DYYLFLQD VL LQJHJQDQR LQ PH]]R DOOD UHVVD GL VFLRJOLHUH L OHJDFFL GL IRUWXQD H L ILOL GL IHUURGHOOHFDO]DWXUHHGLVYROJHUHVHQ]DODFHUDUOHOHSUH]LRVHSH]]HGDSLHGLQRQWURSSR SUHVWRSHUQRQVWDUHLQXWLOPHQWHQHOIDQJRDSLHGLQXGLQRQWURSSRWDUGLSHUQRQSHUGHUH LOWXUQRGߞLQJUHVVRSRLFK©HQWUDUHLQ.D%HFRQOHVFDUSH¨ULJRURVDPHQWHSURLELWR&KL IDULVSHWWDUHLOGLYLHWR¨XQJLJDQWHVFR+¤IWOLQJIUDQFHVHLOTXDOHULVLHGHQHOODJXDUGLROD FKHVWDIUDOHSRUWHGHLGXHDPEXODWRULXQRGHLSRFKLIXQ]LRQDULIUDQFHVLGHOFDPSRQ© VLSHQVLFKHLOSDVVDUHODSURSULDJLRUQDWDIUDOHVFDUSHIDQJRVHHVEULQGHOODWHFRVWLWXLVFD XQSLFFRORSULYLOHJLR%DVWDSHQVDUHDTXDQWLHQWUDQRLQ.D%HFROOHVFDUSHHQHHVFRQR
IO D U E T S BIL I R D E P EN O V T N S TE NO
VHQ]DDYHUQHSLºELVRJQRߨ 4XDQGRDUULYDODPLDYROWDULHVFRPLUDFRORVDPHQWHDWRJOLHUPLVFDUSHHVWUDFFLVHQ]D SHUGHUH JOL XQL Q© OH DOWUH VHQ]D IDUPL UXEDUH OD JDPHOOD Q© L JXDQWL H VHQ]D SHUGHUH OߞHTXLOLEULR SXU VWULQJHQGR VHPSUH LQ PDQR LO EHUUHWWR FKH SHU QHVVXQD UDJLRQH VL SX² WHQHUHLQFDSRTXDQGRVLHQWUDQHOOHEDUDFFKH /DVFLR OH VFDUSH DO GHSRVLWR H ULWLUR OR VFRQWULQR UHODWLYR GRSR GL FKH VFDO]R H ]RSSLFDQWH OH PDQL LPSHGLWH GD WXWWH OH SRYHUH PLH FRVH FKH QRQ SRVVR ODVFLDUH GD QHVVXQDSDUWHVRQRDPPHVVRDOOߞLQWHUQRHPLDFFRGRDXQDQXRYDILODFKHIDFDSRDOOD VDODGHOOHYLVLWH ,QTXHVWDILODFLVLVSRJOLDSURJUHVVLYDPHQWHHTXDQGRVLDUULYDYHUVRODWHVWDELVRJQD HVVHUH QXGL SHUFK© HUFK© UFK© XQ X LQIHUPLHUH FL LQILOD LO WHUPRPHWUR VRWWR OߞDVFHOOD VH TXDOFXQR ¨ YHVWLWRSHUGHLOWXUQRHULWRUQDDGDFFRGDUVL7XWWLGHYRQRULFHYHUHLOWHUPRPHWURDQFKH GHLOWXUQR GHLOWXUQR VHKDQQRVROWDQWRODVFDEELDRLOPDOGLGHQWL VROWDQWROD ,Q TXHVWR PRG PRGR VL ¨ VLFXUL FKH FKL QRQ ¨ VHULDPHQWH PDODWR QRQ VL VREEDUFKHU SHU FDSULFFLRDTXHVWRFRPSOLFDWRULWXDOH SULFFLRDTX RFR RF $UULYD ILQDOPHQWH I OPHQWH PHQWH OD O PLD YROWD VRQR DPPHVVR GDYDQWL DO PHGLFR OߞLQIHUPLHUH PL LO WHUPRPHWUR WRJOLH LO WRJOLH UPRPHWUR PRPHWUR H H PL DQQXQFLD ߙ 1XPPHU NHLQ )LHEHU ߙ 3HU PH QRQ RFFRUUH XQD YLVLWD D IRQGR VRQR LPPHGLDWDPHQWH GLFKLDUDWR $U]WYRUPHOGHU FKH FRVD RFFRU YRJOLD YR D GLUH QRQ VR QRQ ¨ FHUWR TXHVWR LO SRVWR GL GRPDQGDUH VSLHJD]LRQL 0L WURYR HVSXOVRULFXSHUROHVFDUSHHULWRUQRLQEDUDFFD SXOVRULFXS &KDMLPVLIHOLFLWDFRQPHKRXQDEXRQDIHULWDQRQSDUHSHULFRORVDHPLJDUDQWLVFHXQ &KDMLP &KDMLP GLVFUHWRSHULRGRGLULSRVR3DVVHU²ODQRWWHLQEDUDFFDFRQJOLDOWULPDGRPDQLPDWWLQD GLVFUHWR LQYHFHGLDQGDUHDOODYRURPLGHEERULSUHVHQWDUHDLPHGLFLSHUODYLVLWDGHILQLWLYDTXHVWR LQYHF YXRO GLUH $U]WYRUPHOGHU &KDMLP ¨ SUDWLFR GL TXHVWH FRVH H SHQVD FKH SUREDELOPHQWH Y YX GRPDQLYHUU²DPPHVVRDO.D%H&KDMLP¨LOPLRFRPSDJQRGLOHWWRHGLRKRLQOXLXQD ILGXFLDFLHFDXQSRODFFRHEUHRSLRVWXGLRVRGHOOD/HJJH+DSUHVVߞDSRFRODPLDHW ¨GLPHVWLHUHRURORJLDLRHTXLLQ%XQDIDLOPHFFDQLFRGLSUHFLVLRQH¨SHUFL²IUDLSRFKL FKHFRQVHUYLQRODGLJQLW HODVLFXUH]]DGLV©FKHQDVFRQRGDOOߞHVHUFLWDUHXQߞDUWHSHUFXL VL¨SUHSDUDWL &RV¨VWDWR'RSRODVYHJOLDHLOSDQHPLKDQQRFKLDPDWRIXRULFRQDOWULWUHGHOODPLD EDUDFFD&LKDQQRSRUWDWLLQXQDQJRORGHOODSLD]]DGHOOߞ$SSHOORGRYHFߞHUDXQDOXQJD ILOD WXWWL JOL $U]WYRUPHOGHU GL RJJL ¨ YHQXWR XQ WDOH H PL KD SRUWDWR YLD JDPHOOD FXFFKLDLR EHUUHWWR H JXDQWL *OL DOWUL KDQQR ULVR QRQ VDSHYR FKH GRYHYR QDVFRQGHUOL R DIILGDUOLDTXDOFXQRRPHJOLRFKHWXWWRYHQGHUOLHFKHLQ.D%HQRQVLSRVVRQRSRUWDUH" 3RLJXDUGDQRLOPLRQXPHURHVFXRWRQRLOFDSRGDXQRFKHKDXQQXPHURFRVDOWRFLVL SX²DVSHWWDUHTXDOXQTXHVFLRFFKH]]D 3RLFLKDQQRFRQWDWLFLKDQQRIDWWLVSRJOLDUHIXRULDOIUHGGRFLKDQQRWROWROHVFDUSH FL KDQQR GL QXRYR FRQWDWL FL KDQQR UDVD OD EDUED L FDSHOOL H L SHOL FL KDQQR FRQWDWL DQFRUD H FL KDQQR IDWWR IDUH XQD GRFFLD SRL ¨ YHQXWD XQD 66 FL KD JXDUGDWL VHQ]D LQWHUHVVHVL¨VRIIHUPDWDGDYDQWLDXQRFKHKDXQJURVVRLGURFHOHHORKDIDWWRPHWWHUHGD SDUWH'RSRGLFKHFLKDQQRFRQWDWLDQFRUDXQDYROWDHFLKDQQRIDWWRIDUHXQߞDOWUDGRFFLD EHQFK©IRVVLPRDQFRUDEDJQDWLGHOODSULPDHDOFXQLWUHPDVVHURGLIHEEUH 2UDVLDPRSURQWLSHUODYLVLWDGHILQLWLYD)XRULGDOODILQHVWUDVLYHGHLOFLHORELDQFRH
COPIA NON VENDIBILE
*DOL]LDQR SDUODQR IUD GL ORUR LQ \LGGLVFK PL G QQR QRQ VR FKH FRQVLJOL $UULYDQR 7HPSOHU H 'DYLG H WXWWL JOL DOWUL DSSURILWWDQR GHO GLYHUVLYR SHU VRVSHQGHUH LO ODYRUR $UULYDLO.DSRGLVWULEXLVFHSHGDWHSXJQLHLPSURSHULLFRPSDJQLVLGLVSHUGRQRFRPH SXODDOYHQWR1XOO$FKW]HKQVLSRUWDXQDPDQRDOQDVRHVHODJXDUGD WRQRVSRUFDGL VDQJXH$PHQRQWRFFDQRFKHGXHVFKLDIILDOFDSRGLTXHOOLFKHQRQIDQQRPDOHSHUFK© VWRUGLVFRQR /ߞLQFLGHQWH¨FKLXVR&RQVWDWRFKHEHQHRPDOHPLSRVVRUHJJHUHLQSLHGLOߞRVVRQRQ GHYHHVVHUHURWWR1RQRVRWRJOLHUHODVFDUSDSHUSDXUDGLULVYHJOLDUHLOGRORUHHDQFKH SHUFK©VRFKHSRLLOSLHGHJRQILHU HQRQSRWU²SLºULPHWWHUOD ,O.DSRPLPDQGDDVRVWLWXLUHLO*DOL]LDQRDOODFDWDVWDHTXHVWLJXDUGDQGRPLWRUYR YDDSUHQGHUHLOVXRSRVWRDFFDQWRD1XOO$FKW]HKQPDRUPDLJL SDVVDQRLSULJLRQLHUL LQJOHVLVDU SUHVWRRUDGLULHQWUDUHDOFDPSR 'XUDQWHODPDUFLDIDFFLRGHOPLRPHJOLRSHUFDPPLQDUHVYHOWRPDQRQULHVFRDWHQHUH LOSDVVRLO.DSRGHVLJQD1XOO$FKW]HKQH)LQGHUSHUFK©PLVRVWHQJDQRILQRDOSDVVDJJLR GDYDQWLDOOH66HILQDOPHQWHIRUWXQDWDPHQWHVWDVHUDQRQFߞ¨DSSHOOR VRQRLQEDUDFFDH PLSRVVREXWWDUHVXOODFXFFHWWDHUHVSLUDUH )RUVH¨LOFDORUHIRUVHODIDWLFDGHOODPDUFLDPDLOGRORUHVL¨ULVYHJOLDWRDVVLHPHD XQD VWUDQD VHQVD]LRQH GL XPLGLW DO SLHGH IHULWR 7ROJR OD VFDUSD ¨ SLHQD GL VDQJXH RUPDLUDSSUHVRHLPSDVWDWRFRQLOIDQJRHFRLEUDQGHOOLGHOFHQFLRFKHKRWURYDWRXQPHVH IDHFKHDGRSHURFRPHSH]]DGDSLHGLXQJLRUQRDGHVWUDXQJLRUQRDVLQLVWUD 6WDVHUDVXELWRGRSROD]XSSDDQGU²LQ.D%H
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
4XDOFKH DOWUD RUD ¨ SDVVDWD SULPD FKH WXWWL L ULFRYHUDWL YHQLVVHUR SUHVL LQ IRU]D ULFHYHVVHUR OD FDPLFLD H IRVVH FRPSLODWD OD ORUR VFKHGD ,R FRPH DO VROLWR VRQR VWDWR
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
ߨ ( SHU OD SULPD YROWD GD FKH VRQR LQ FDPSR OD VYHJOLD PL FRJOLH QHO VRQQR SURIRQGR H LO ULVYHJOLR ¨ XQ ULWRUQR GDO QXOOD $OOD GLVWULEX]LRQH GHO SDQH VL VHQWH ORQWDQR IXRUL GHOOH ILQHVWUH QHOOߞDULD EXLD OD EDQGD FKH LQFRPLQFLD D VXRQDUH VRQR L FRPSDJQLVDQLFKHHVFRQRLQTXDGUDWLDOODYRUR 'DO.D%HODPXVLFDQRQVLVHQWHEHQHDUULYDDVVLGXRHPRQRWRQRLOPDUWHOODUHGHOOD JUDQFDVVDHGHLSLDWWLPDVXTXHVWDWUDPDOHIUDVLPXVLFDOLVLGLVHJQDQRVRORDLQWHUYDOOL FRO FDSULFFLR GHO YHQWR 1RL FL JXDUGLDPR OߞXQ OߞDOWUR GDL QRVWUL OHWWL SHUFK© WXWWL VHQWLDPRFKHTXHVWDPXVLFD¨LQIHUQDOH , PRWLYL VRQR SRFKL XQD GR]]LQD RJQL JLRUQR JOL VWHVVL PDWWLQD H VHUD PDUFH H FDQ]RQLSRSRODULFDUHDRJQLWHGHVFR(VVHJLDFFLRQRLQFLVHQHOOHQRVWUHPHQWLVDUDQQR OߞXOWLPD FRVD GHO /DJHU FKH GLPHQWLFKHUHPR VRQR OD YRFH GHO /DJHU OߞHVSUHVVLRQH VHQVLELOH GHOOD VXD IROOLD JHRPHWULFD GHOOD ULVROX]LRQH DOWUXL GL DQQXOODUFL SULPD FRPH XRPLQLSHUXFFLGHUFLSRLOHQWDPHQWH 4XDQGR TXHVWD PXVLFD VXRQD QRL VDSSLDPR FKH L FRPSDJQL IXRUL QHOOD QHEELD SDUWRQRLQPDUFLDFRPHDXWRPLOHORURDQLPHVRQRPRUWHHODPXVLFDOLVRVSLQJHFRPH LO YHQWR OH IRJOLH VHFFKH H VL VRVWLWXLVFH DOOD ORUR YRORQW 1RQ Fߞ¨ SLº YRORQW RJQL
/DYLWDGHO.D%H¨YLWDGLOLPER,GLVDJLPDWHULDOLVRQRUHODWLYDPHQWHSRFKLDSDUWH /DYLWD /DYLWDG .D%H¨ ODIDPHHOHVRIIHUHQ]HLQHUHQWLDOOHPDODWWLH1RQIDIUHGGRQRQVLODYRUDHDPHQRGL ODIDPH ODIDP HVRIIHUHQ]H VRIIHUHQ]H FRPPHWWHUHTXDOFKHJUDYHPDQFDQ]DQRQVLYLHQHSHUFRVVL FRPP WHUHTXDOFK WHUHTXDOFKH /DVYHJOLD¨DOOHTXDWWURDQFKHSHULPDODWLELVRJQDULIDUHLOOHWWRHODYDUVLPDQRQ DVYHJOLD¨D VYHJOLD¨D Fߞ¨ ¨ PROWD IUHWWD IUHW Q© PROWR ULJRUH $OOH FLQTXH H PH]]R GLVWULEXLVFRQR LO SDQH H VL SX² IUH WDJOLDUORFRPRGDPHQWHDIHWWHVRWWLOLHPDQJLDUHVGUDLDWLFRQWXWWDFDOPDSRLFLVLSX² WDJOLDUORF WDJOLDUORFR ULDGGRUPHQWDUH ILQR DOOD GLVWULEX]LRQH GHO EURGR GL PH]]RJLRUQR )LQ YHUVR OH VHGLFL ¨ ULDGGRU ULDGGRUP 0LWWDJVUXKH ULSRVR SRPHULGLDQR D TXHVWߞRUD Fߞ¨ VRYHQWH OD YLVLWD PHGLFD H OD 0LW 0LWWD PHGLFD]LRQHELVRJQDVFHQGHUHGDOOHFXFFHWWHWRJOLHUVLODFDPLFLDHIDUHODILODGDYDQWLDO P PHGLFR$QFKHLOUDQFLRVHUDOHYLHQHGLVWULEXLWRQHLOHWWLGRSRGLFKHDOOHYHQWXQRWXWWH OHOXFLVLVSHQJRQRWUDQQHODODPSDGLQDYHODWDGHOODJXDUGLDGLQRWWHHG¨LOVLOHQ]LR
OߞXOWLPR XQ WDOH FRO YHVWLWR D ULJRQL QXRYR ILDPPDQWH PL KD FKLHVWR GRYH VRQR QDWR FKHPHVWLHUHIDFHYRlGDFLYLOH{VHDYHYRILJOLTXDOLPDODWWLHKRDYXWRXQDTXDQWLW GL GRPDQGHDFKHFRVDSRVVRQRPDLVHUYLUHTXHVWD¨XQDFRPSOLFDWDPHVVLQVFHQDSHUIDUVL EHIIH GL QRL 6DUHEEH TXHVWR OߞRVSHGDOH" &L IDQQR VWDUH QXGL LQ SLHGL H FL IDQQR GHOOH GRPDQGH )LQDOPHQWHDQFKHSHUPHVL¨DSHUWDODSRUWDHKRSRWXWRHQWUDUHQHOGRUPLWRULR $QFKH TXL FRPH GDSSHUWXWWR FXFFHWWH D WUH SLDQL LQ WUH ILOH SHU WXWWD OD EDUDFFD VHSDUDWH GD GXH FRUULGRL VWUHWWLVVLPL /H FXFFHWWH VRQR FHQWRFLQTXDQWD L PDODWL FLUFD GXHFHQWRFLQTXDQWDGXHTXLQGLLQTXDVLWXWWHOHFXFFHWWH,PDODWLGHOOHFXFFHWWHVXSHULRUL VFKLDFFLDWLFRQWURLOVRIILWWRQRQSRVVRQRTXDVLVWDUHVHGXWLVLVSRUJRQRFXULRVLDYHGHUH L QXRYL DUULYDWL ¨ LO PRPHQWR SLº LQWHUHVVDQWH GHOOD JLRUQDWD VL WURYD VHPSUH WL GL RJJL R QRVFHQWH ,R , VRQR VWDWR DVVHJQDWR DOOD FXFFHWWD PLUDFROR ¨ YXRWD 0L TXDOFKH FRQRVFHQWH GLVWHQGRFRQGHOL]LD¨ODSULPDYROWDGDFKHVRQRLQFDPSRFKHKRXQDFXFFHWWDWXWWD FRQGHOL]LD SHUPH1RQRVWDQWHODIDPHQRQSDVVDQRGLHFLPLQXWLFKHVRQRDGGRUPHQWDWR PH1RQRVWDQ H1RQRVWDQ
IO D U E T S BIL I R D E P EN O V T N S TE NO
TXDOFKHYROWDLOVROHLQTXHVWRSDHVHORVLSX²JXDUGDUHILVVRDWWUDYHUVROHQXYROHFRPH DWWUDYHUVR XQ YHWUR DIIXPLFDWR $ JLXGLFDUH GDOOD VXD SRVL]LRQH GHEERQR HVVHUH OH TXDWWRUGLFLSDVVDWHDGGLR]XSSDRUPDLHVLDPRLQSLHGLGDGLHFLRUHHQXGLGDVHL $QFKH TXHVWD VHFRQGD YLVLWD PHGLFD ¨ VWUDRUGLQDULDPHQWH UDSLGD LO PHGLFR KD LO YHVWLWRDULJKHFRPHQRLPDVRSUDLQGRVVDXQFDPLFHELDQFRHGKDLOQXPHURFXFLWRVXO FDPLFHHG¨PROWRSLºJUDVVRGLQRL JXDUGDHSDOSDLOPLRSLHGHJRQILRHVDQJXLQDQWHDO FKHLRJULGRGLGRORUHSRLGLFHߙ$XIJHQRPPHQ%ORFNߙ,RUHVWRODERFFDDSHUWD LQDWWHVDGLTXDOFKHDOWUDLQGLFD]LRQHPDTXDOFXQRPLWLUDEUXWDOPHQWHLQGLHWURPLJHWWD XQPDQWHOORVXOOHVSDOOHQXGHPLSRUJHXQSDLRGLVDQGDOLHPLFDFFLDDOOߞDSHUWR $XQFHQWLQDLRGLPHWULFߞ¨LO%ORFNVRSUDFߞ¨VFULWWRl6FKRQXQJVEORFN{FKLVV FRVDYRUU GLUH"'HQWURPLWROJRQRPDQWHOORHVDQGDOLHLRPLWURYRDQFRUDXQDYROWD QXGRHXOWLPRGLXQDILODGLVFKHOHWULQXGLLULFRYHUDWLGLRJJL 'DPROWRWHPSRKRVPHVVRGLFHUFDUHGLFDSLUH3HUTXDQWRPLULJXDUGDVRQRRUPDL FRVVWDQFRGLUHJJHUPLVXOSLHGHIHULWRHQRQDQFRUDPHGLFDWRFRVDIIDPDWRHSLHQRGL IUHGGRFKHQXOODSLºPLLQWHUHVVD4XHVWRSX²EHQLVVLPRHVVHUHOߞXOWLPRGHLPLHLJLRUQL H TXHVWD FDPHUD OD FDPHUD GHL JDV GL FXL WXWWL SDUODQR FKH FL SRWUHL IDUH" 7DQWR YDOH DSSRJJLDUVLDOPXURHFKLXGHUHJOLRFFKLHDVSHWWDUH ,OPLRYLFLQRQRQGHYHHVVHUHHEUHR1RQ¨FLUFRQFLVRHSRLTXHVWD¨XQDGHOOHSRFKH FRVH FKH KR LPSDUDWR ILQRUD XQD SHOOH FRV ELRQGD XQ YLVR H XQD FRUSRUDWXUD FRV PDVVLFFLVRQRFDUDWWHULVWLFLGHLSRODFFKLQRQHEUHLSLºDOWRGLPHGLWXWWDODWHVWDPD KD XQD ILVLRQRPLD DEEDVWDQ]D FRUGLDOH FRPH OߞKDQQR VROR FRORUR FKH QRQ VRIIURQR OD IDPH +R SURYDWR D FKLHGHUJOL VH VD TXDQGR FL IDUDQQR HQWUDUH /XL VL ¨ YROWDWR YROWDW DOOߞLQIHUPLHUH FKH JOL VRPLJOLD FRPH XQ JHPHOOR H VWD LQ XQ DQJROR D IXPDUH PDUH KDQQR K QQR QQ SDUODWRHULVRLQVLHPHVHQ]DULVSRQGHUHFRPHVHLRQRQFLIRVVLSRLXQRGLORURPLKD RGLORURP SUHVRLOEUDFFLRHKDJXDUGDWRLOQXPHURHDOORUDKDQQRULVRSLºIRUWH7XWWLVDQQRFKHL 7XWWLVDQQR KH FHQWRVHWWDQWDTXDWWURPLODVRQRJOLHEUHLLWDOLDQLLEHQQRWLHEUHLLWDOLDQLDUULYDWLGXHPHVL DQLDUULYDWL QLDUULYDW HPHVL IDWXWWLDYYRFDWLWXWWLGRWWRULHUDQRSLºGLFHQWRHJL QRQVRQRFKHTXDUDQWDTXHOOLFKH FKHTXDUDQ TXHOOLFKH FKHTXDUDQW QRQVDQQRODYRUDUHHVLODVFLDQRUXEDUHLOSDQHHSUHQGRQRVFKLDIILGDOPDWWLQRDOODVHUDL LDIILGDOPD RDOODVHUD LDIILGDOPDW WHGHVFKLOLFKLDPDQRl]ZHLOLQNH+¤QGH{GXHPDQLVLQLVWUH HSHUILQRJOLHEUHLSRODFFKL HSHUILQR LHEUHLSRODF OLGLVSUH]]DQRSHUFK©QRQVDQQRSDUODUH\LGGLVFK /ߞLQIHUPLHUH LQGLFD DOOߞDOWUR OH PLH FRVWROH FRPH VH LR IRVVL XQ FDGDYHUH YH LQ VDOD YHU DQDWRPLFDDFFHQQDDOOHSDOSHEUHHDOOHJXDQFHJRQILHHDOFROORVRWWLOHVLFXUYDHSUHPH FROOߞLQGLFH VXOOD PLD WLELD H ID QRWDUH DOOߞDOWUR OD SURIRQGD LQFDYDWXUD FKH LO GLWR ODVFLD QHOODFDUQHSDOOLGDFRPHQHOODFHUD 9RUUHLQRQDYHUPDLULYROWRODSDURODDOSRODFFRPLSDUHGLQRQDYHUHPDLLQWXWWDOD PLDYLWDVXELWRXQDIIURQWRSLºDWURFHGLTXHVWR/ߞLQIHUPLHUHLQWDQWRSDUHDEELDILQLWROD VXDGLPRVWUD]LRQHQHOODVXDOLQJXDFKHLRQRQFDSLVFRHFKHPLVXRQDWHUULELOHVLULYROJH D PH H LQ TXDVLWHGHVFR FDULWDWHYROPHQWH PH QH IRUQLVFH LO FRPSHQGLR ߙ 'X -XGH NDSXWW'XVFKQHOO.UHPDWRULXPIHUWLJߙWXHEUHRVSDFFLDWRWXSUHVWRFUHPDWRULRILQLWR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
+R GXH YLFLQL GL FXFFHWWD *LDFFLRQR WXWWR LO JLRUQR H WXWWD OD QRWWH ILDQFR D ILDQFR SHOOHFRQWURSHOOHLQFURFLDWLFRPHL3HVFLGHOOR]RGLDFRLQPRGRFKHFLDVFXQRKDLSLHGL GHOOߞDOWURDFFDQWRDOFDSR 8QR¨:DOWHU%RQQXQRODQGHVHFLYLOHHDEEDVWDQ]DFROWR9HGHFKHQRQKRQXOODSHU WDJOLDUHLOSDQHPLLPSUHVWDLOVXRFROWHOORSRLVLRIIUHGLYHQGHUPHORSHUPH]]DUD]LRQH RQH QH GLSDQH,RGLVFXWRVXOSUH]]RLQGLULQXQFLRSHQVRFKHTXLLQ.D%HQHWURYHU²VHPSUH HPSUH TXDOFXQRLQSUHVWLWRHIXRULFRVWDQRVRORXQWHU]RGLUD]LRQH1RQSHUTXHVWR:DOWHUYLHQ HUYLH HUYLHQ PHQRDOODVXDFRUWHVLDHDPH]]RJLRUQRPDQJLDWDODVXD]XSSDIRUELVFHFROOHODEEUDLO OOHODE UD LO FXFFKLDLR LO FKH ¨ EXRQD QRUPD SULPD GL LPSUHVWDUOR SHU ULSXOLUOR H SHU U QRQ PDQGDUH PDQG PD VSUHFDWHOHWUDFFHGL]XSSDFKHYLDGHULVFRQR HPHORRIIUHVSRQWDQHDPHQWH HQWH ߙ &KH PDODWWLD KDL :DOWHU" ߙ l.¶USHUVFKZ¤FKH{ ߙ GHSHULPHQWR PHQWR RUJDQLFR RUJD FR RUJ R /D SHJJLRUH PDODWWLD QRQ OD VL SX² FXUDUH HG ¨ PROWR SHULFRORVR R HQWUDUH LQ LLQ .D%H D%H FRQ TXHVWD GLDJQRVL 6H QRQ IRVVH VWDWR GHOOߞHGHPD DOOH FDYLJOLH H PH OH PRVWUD P VWUD FKH JOL JO LPSHGLVFHGLXVFLUHDOODYRURVLVDUHEEHEHQJXDUGDWRGDOIDUVLULFRYHUDUH UVLULFRYHUD 6X TXHVWR JHQHUH GL SHULFROL LR KR DQFRUD LGHH DVVDL FRQIXVH 7XWWL FRQIXV QIX WWL QH SDUODQR S LQGLUHWWDPHQWH SHU DOOXVLRQL H TXDQGR LR IDFFLR TXDOFKH GRPDQGD PL JXDUGDQR H JX WDFFLRQR GXQTXHYHURTXHOORFKHVLVHQWHGLUHGLVHOH]LRQLGLJDVGLFUHPDWRULR" &UHPDWRULR/ߞDOWURLOYLFLQRGL:DOWHUVLVYHJOLDGLVRSUDVVDOWRVLUL]]DDVHGHUHFKL SDUOD GL FUHPDWRULR" FKH DYYLHQH" QRQ VL SX² ODVFLDUH LQ SDFH FKL GRUPH" XQ HEUHR SRODFFR DOELQR GDO YLVR VFDUQR H ERQDULR QRQ SLº JLRYDQH 6L FKLDPD 6FKPXOHN ¨ IDEEUR:DOWHUORUDJJXDJOLDEUHYHPHQWH &RVlGHU,WDOH\QHU{QRQFUHGHDOOHVHOH]LRQL"6FKPXOHNYRUUHEEHSDUODUHWHGHVFRPD SDUOD \LGGLVFK OR FDSLVFR D VWHQWR VROR SHUFK© OXL YXROH IDUVL FDSLUH )D WDFHUH :DOWHU FRQXQFHQQRFLSHQVHU OXLDIDUPLSHUVXDVR ߙ 0RVWUDPL LO WXR QXPHUR WX VHL LO 4XHVWD QXPHUD]LRQH ¨ LQFRPLQFLDWD GLFLRWWRPHVLIDHYDOHSHU$XVFKZLW]HSHULFDPSLGLSHQGHQWL1RLVLDPRRUDGLHFLPLOD
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
0D HUD GHVWLQR FKH SUHVWR PL LQGXFHVVL D FDSLUH H 6FKPXOHN VWHVVR QH IDFHVVH OH VSHVH$VHUDVL¨DSHUWDODSRUWDGHOODEDUDFFDXQDYRFHKDJULGDWRߙ$FKWXQJߙHRJQL UXPRUHVL¨VSHQWRHVL¨VHQWLWRXQVLOHQ]LRGLSLRPER 6RQRHQWUDWHGXH66XQRGHLGXHKDPROWLJUDGLIRUVH¨XQXIILFLDOH" VLVHQWLYDQRL ORURSDVVLQHOODEDUDFFDFRPHVHIRVVHYXRWDKDQQRSDUODWRFROPHGLFRFDSRTXHVWLKD DEDUD DEDUDF PRVWUDWR ORUR UHJLVWUR LQGLFDQGR TXD H O /ߞXIILFLDOH KD SUHVR QRWD VX XQ OLEUHWWR UR XQ UHJ UHJL 6FKPXOHNPLWRFFDOHJLQRFFKLDߙ3DVVߞDXISDVVߞDXIߙIDߞDWWHQ]LRQH HNPLWRFFDO NPLWRFFDO /ߞXIILFLDOHVHJXLWRGDOPHGLFRJLUDLQVLOHQ]LRHFRQQRQFXUDQ]DIUDOHFXFFHWWHKDLQ XIILFLDOHVH PDQRXQIUXVWLQRIUXVWDXQOHPERGLFRSHUWDFKHSHQGHGDXQDFXFFHWWDDOWDLOPDODWRVL DQRXQIUXVW IU I SUHFLSLWDDULDVVHWWDUOD/ߞXIILFLDOHSDVVDROWUH SUHFLSLWDD SUHFLSLWDD VVHWWDUOD VHWWDUOD 8Q 8Q DOWUR D R KD LO YLVR YLVR JLDOOR OߞXIILFLDOH JOL VWUDSSD YLD OH FRSHUWH TXHOOR WUDVDOLVFH OߞXIILFLDOHJOLSDOSDLOYHQWUHGLFHߙ*XWJXWߙSRLSDVVDROWUH OߞXIIL OHJOLSDOSD OHJOLSDOSD (FFRKDSRVDWRORVJXDUGRVX6FKPXOHNWLUDIXRULLOOLEUHWWRFRQWUROODLOQXPHURGHO FFRKDSRVD FRKDSRVD OHWWRHLOQXPHURGHOWDWXDJJLR,RYHGRWXWWREHQHGDOOߞDOWRKDIDWWRXQDFURFHWWDDFFDQWR WWRHLOQXPH WRHLOQXP DOQXPHURGL6FKPXOHN3RL¨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¨ SDUWLWR PL KD ODVFLDWR FXFFKLDLR H FROWHOOR :DOWHU H LR DEELDPR HYLWDWR GL JXDUGDUFL H VLDPRULPDVWLDOXQJRVLOHQ]LRVL3RL:DOWHUPLKDFKLHVWRFRPHSRVVRFRQVHUYDUHFRVD OXQJRODPLDUD]LRQHGLSDQHHPLKDVSLHJDWRFKHOXLGLVROLWRWDJOLDODVXDSHULOOXQJR LQPRGRGDDYHUHIHWWHSLºODUJKHVXFXL¨SLºDJHYROHVSDOPDUHODPDUJDULQD :DOWHUPLVSLHJDPROWHFRVH6FKRQXQJVEORFNYXROGLUHEDUDFFDGLULSRVRTXLFLVRQR VROR PDODWL OHJJHUL R FRQYDOHVFHQWL R QRQ ELVRJQRVL GL FXUH )UD TXHVWL DOPHQR XQD FLQTXDQWLQDGLGLVVHQWHULFLSLºRPHQRJUDYL &RVWRURYHQJRQRFRQWUROODWLRJQLWHU]RJLRUQR6LPHWWRQRLQILODOXQJRLOFRUULGRLR DOOߞHVWUHPLW VWDQQRGXHEDFLQHOOHGLODWWDHOߞLQIHUPLHUHFRQUHJLVWURRURORJLRHPDWLWD $GXHSHUYROWDLPDODWLVLSUHVHQWDQRHGHYRQRGLPRVWUDUHVXOSRVWRHVXELWRFKHOD ORUR GLDUUHD SHUVLVWH D WDOH VFRSR YLHQH ORUR FRQFHVVR XQ PLQXWR HVDWWR 'RSR GL FKH SUHVHQWDQR LO ULVXOWDWR DOOߞLQIHUPLHUH LO TXDOH RVVHUYD H JLXGLFD ODYDQR UDSLGDPHQWH OH EDFLQHOOHLQXQDDSSRVLWDWLQR]]DHVXEHQWUDQRLGXHVXFFHVVLYL
TXLD%XQD0RQRZLW]IRUVHWUHQWDPLODIUD$XVFKZLW]H%LUNHQDX:RVLQGGLH$QGHUH" GRYHVRQRJOLDOWUL" ߙ)RUVHWUDVIHULWLLQDOWULFDPSLߨ"ߙSURSRQJRLR 6FKPXOHNFUROODLOFDSRVLULYROJHD:DOWHU ߙ(UZLOOQL[YHUVWD\HQߙQRQYXROHFDSLUH
IO D U E T S BIL I R D E P EN O V T N S TE NO
SXOVD]LRQHGLYHQWDXQSDVVRXQDFRQWUD]LRQHULIOHVVDGHLPXVFROLVIDWWL,WHGHVFKLVRQR ULXVFLWL D TXHVWR 6RQR GLHFLPLOD H VRQR XQD VROD JULJLD PDFFKLQD VRQR HVDWWDPHQWH GHWHUPLQDWLQRQSHQVDQRHQRQYRJOLRQRFDPPLQDQR $OODPDUFLDGLXVFLWDHGLHQWUDWDQRQPDQFDQRPDLOH66&KLSRWUHEEHQHJDUHORURLO GLULWWR GL DVVLVWHUH D TXHVWD FRUHRJUDILD GD ORUR YROXWD DOOD GDQ]D GHJOL XRPLQL VSHQWL VTXDGUDGRSRVTXDGUDYLDGDOODQHEELDYHUVRODQHEELD"TXDOHSURYDSLºFRQFUHWDGHOOD ORURYLWWRULD" $QFKH TXHOOL GHO .D%H FRQRVFRQR TXHVWR XVFLUH H ULHQWUDUH GDO ODYRUR OߞLSQRVL GHO ULWPR LQWHUPLQDELOH FKH XFFLGH LO SHQVLHUR H DWWXWLVFH LO GRORUH OߞKDQQR SURYDWR H OR ULSURYHUDQQR 0D ELVRJQDYD XVFLUH GDOOߞLQFDQWDPHQWR VHQWLUH OD PXVLFD GDO GL IXRUL FRPH DFFDGHYD LQ .D%H H FRPH RUD OD ULSHQVLDPR GRSR OD OLEHUD]LRQH H OD ULQDVFLWD VHQ]D REEHGLUYL VHQ]D VXELUOD SHU FDSLUH FKH FRVD HUD SHU FDSLUH SHU TXDOH PHGLWDWD UDJLRQHLWHGHVFKLDYHYDQRFUHDWRTXHVWRULWRPRVWUXRVRHSHUFK©RJJLDQFRUDTXDQGROD PHPRULDFLUHVWLWXLVFHTXDOFXQDGLTXHOOHLQQRFHQWLFDQ]RQLLOVDQJXHFLVLIHUPDQHOOH YHQHHVLDPRFRQVFLFKHHVVHUHULWRUQDWLGD$XVFKZLW]QRQ¨VWDWDSLFFRODYHQWXUD
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
0DODYLWDGHO.D%HQRQ¨TXHVWD1RQVRQRJOLDWWLPLFUXFLDOLGHOOHVHOH]LRQLQRQ VRQRJOLHSLVRGLJURWWHVFKLGHLFRQWUROOLGHOODGLDUUHDHGHLSLGRFFKLQRQVRQRQHSSXUHOH PDODWWLH ,O.D%H¨LO/DJHUDPHQRGHOGLVDJLRILVLFR3HUFL²FKLDQFRUDKDVHPHGLFRVFLHQ]D YLULSUHQGHFRVFLHQ]DSHUFL²QHOOHOXQJKLVVLPHJLRUQDWHYXRWHYLVLSDUODGLDOWURFKHGL IDPHHGLODYRURHFLDFFDGHGLFRQVLGHUDUHFKHFRVDFLKDQQRIDWWLGLYHQWDUHTXDQWRFL¨ L¨ VWDWRWROWRFKHFRVD¨TXHVWDYLWD,QTXHVWR.D%HSDUHQWHVLGLUHODWLYDSDFHDEELDPR ELDPR LPSDUDWR FKH OD QRVWUD SHUVRQDOLW ¨ IUDJLOH ¨ PROWR SLº LQ SHULFROR FKH QRQ OD QRVWUD QRVWU YLWDHLVDYLDQWLFKLLQYHFHGLDPPRQLUFLlULFRUGDWLFKHGHYLPRULUH{PHJOLRDYUHEEHUR RDYUH EHUR RDYUHE EHU IDWWRDULFRUGDUFLTXHVWRPDJJLRUSHULFRORFKHFLPLQDFFLD6HGDOOߞLQWHUQRGHL/DJHUXQ RGHL/DJ RGHL/DJH PHVVDJJLR DYHVVH SRWXWR WUDSHODUH DJOL XRPLQL OLEHUL VDUHEEH VWDWR TXHVWR XHVWR HVWR IDWH GL G QRQ VXELUHQHOOHYRVWUHFDVHFL²FKHDQRLYLHQHLQIOLWWRTXL 4XDQGRVLODYRUDVLVRIIUHHQRQVLKDWHPSRGLSHQVDUHOHQRVWUHFDVHVRQRPHQRGL RVWUHFDVH RVWUHFDVHVR PHQRGL XQ ULFRUGR 0D TXL LO WHPSR ¨ SHU QRL GD FXFFHWWD D FXFFHWWD D QRQRVWDQWH QRQRVWDQ LO GLYLHWR FL F VFDPELDPRYLVLWHHSDUOLDPRHSDUOLDPR/DEDUDFFDGLOHJQRVWLSDWDGLXPDQLW GROHQWH RVWLSDWDG PDQLW GROH ¨SLHQDGLSDUROHGLULFRUGLHGLXQDOWURGRORUHl+HLPZHK{VLFKLDPDLQWHGHVFRTXHVWR VLFKLD FKL WHGHVFR GRORUH¨XQDEHOODSDURODYXROGLUHlGRORUHGHOODFDVD{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ߞDQLPD SULPD FKH GDOOD PRUWH DQRQLPD 1RL QRQ ULWRUQHUHPR 1HVVXQR GHYH XVFLUHGLTXLFKHSRWUHEEHSRUWDUHDOPRQGRLQVLHPHFROVHJQRLPSUHVVRQHOODFDUQHOD
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
PDODQRYHOODGLTXDQWRDG$XVFKZLW]¨EDVWDWRDQLPRDOOߞXRPRGLIDUHGHOOߞXRPR
IO D U E T S BIL I R D E P EN O V T N S TE NO
)UD FRORUR FKH DWWHQGRQR DOFXQL VL WRUFRQR QHOOR VSDVLPR GL WUDWWHQHUH OD SUH]LRVD WHVWLPRQLDQ]DDQFRUDYHQWLDQFRUDGLHFLPLQXWLDOWULSULYLGLULVRUVHLQTXHOPRPHQWR WHQGRQR YHQH H PXVFROL QHOOR VIRU]R RSSRVWR /ߞLQIHUPLHUH DVVLVWH LPSDVVLELOH PRUGLFFKLDQGR OD PDWLWD XQR VJXDUGR DOOߞRURORJLR XQR VJXDUGR DL FDPSLRQL FKH JOL YHQJRQR YLD YLD SUHVHQWDWL 1HL FDVL GXEEL SDUWH FRQ OD EDFLQHOOD H YD D VRWWRSRUOD DO PHGLFR ߨ +R ULFHYXWR XQD YLVLWD ¨ 3LHUR 6RQQLQR LO URPDQR ߙ +DL YLVWR FRPH OߞKR EXVFKHUDWR"ߙ3LHURKDXQDHQWHULWHDVVDLOHJJHUD¨TXLGDYHQWLJLRUQLHFLVWDEHQHVL ULSRVDHLQJUDVVDVHQHLQILVFKLDGHOOHVHOH]LRQLHKDGHFLVRGLUHVWDUHLQ.D%HILQRDOOD ILQHGHOOߞLQYHUQRDRJQLFRVWR,OVXRPHWRGRFRQVLVWHQHOPHWWHUVLLQILODGLHWURDTXDOFKH GLVVHQWHULFR DXWHQWLFR FKH RIIUD JDUDQ]LD GL VXFFHVVR TXDQGR YLHQH LO VXR WXUQR JOL GRPDQGDODVXDFROODERUD]LRQHGDULPXQHUDUVLFRQ]XSSDRSDQH HVHTXHOORFLVWDH OߞLQIHUPLHUHKDXQPRPHQWRGLGLVDWWHQ]LRQHVFDPELDOHEDFLQHOOHLQPH]]RDOODUHVVDH LOFROSR¨IDWWR3LHURVDTXHOORFKHULVFKLDPDILQRUDJOL¨VHPSUHDQGDWDEHQH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
'ߞLQYHUQR OXQJKH H FL ¨ FRQFHVVR SHU LO VRQQR XQ LQWHUYDOOR GL WHPSR 'ߞLQYHU OH 'ߞLQYHUQ H QRWWL VRQR V FRQVLGHUHYROH FRQVLGHU RQV ROH ROH 6L 6L VSHJQH SHJQH HJQH D SRFR SRF SR D SRFR LO WXPXOWR GHO %ORFN GD SLº GL XQߞRUD ¨ WHUPLQDWD OD GLVWULEX]LRQH GL EX]LRQH GHO GHO UDQFLR VHUDOH H VROWDQWR TXDOFKH RVWLQDWR SHUVLVWH D JUDWWDUH LO IRQGR RUPDLOXFLGRGHOODJDPHOODULJLUDQGRODPLQX]LRVDPHQWHVRWWRODODPSDGDFRQODIURQWH PDLOXFLGR FRUUXJDWD SHU OߞDWWHQ]LRQH /ߞLQJHJQHU .DUGRV JLUD SHU OH FXFFHWWH D PHGLFDUH L SLHGL IHULWLHGLFDOOLVXSSXUDWLTXHVWD¨ODVXDLQGXVWULDQRQFߞ¨FKLQRQULQXQ]LYROHQWLHULDG IHULWLHG XQD IHWWD GL SDQH SXU FKH JOL YHQJD DOOHYLDWR LO WRUPHQWR GHOOH SLDJKH WRUSLGH FKH XQD VVDQJXLQDQR DG RJQL SDVVR SHU WXWWD OD JLRUQDWD HG LQ TXHVWR PRGR RQHVWDPHQWH VD OߞLQJHJQHU.DUGRVKDULVROWRLOSUREOHPDGLYLYHUH 'DOODSRUWLFLQDSRVWHULRUHGLQDVFRVWRHJXDUGDQGRVLDWWRUQRFRQFDXWHOD¨HQWUDWRLO FDQWDVWRULH 6L ¨ VHGXWR VXOOD FXFFHWWD GL :DFKVPDQQ H VXELWR JOL VL ¨ UDFFROWD DWWRUQR XQD SLFFROD IROOD DWWHQWD H VLOHQ]LRVD /XL FDQWD XQD LQWHUPLQDELOH UDSVRGLD \LGGLVFK VHPSUHODVWHVVDLQTXDUWLQHULPDWHGLXQDPHODQFRQLDUDVVHJQDWDHSHQHWUDQWHRIRUVH WDOHODULFRUGRSHUFK©DOORUDHGLQTXHOOXRJROߞKRXGLWD" GDOOHSRFKHSDUROHFKHFDSLVFR GHYߞHVVHUHXQDFDQ]RQHGDOXLVWHVVRFRPSRVWDGRYHKDUDFFKLXVRWXWWDODYLWDGHO/DJHU QHLSLºPLQXWLSDUWLFRODUL4XDOFXQR¨JHQHURVRHULPXQHUDLOFDQWDVWRULHFRQXQSL]]LFR GLWDEDFFRRXQDJXJOLDWDGLILORDOWULDVFROWDQRDVVRUWLPDQRQG QQRQXOOD 5LVXRQDDQFRUDLPSURYYLVRLOULFKLDPRSHUOߞXOWLPDIXQ]LRQHGHOODJLRUQDWDߙ:HUKDW NDSXWWGLH6FKXKH"ߙFKLKDOHVFDUSHURWWH" HVXELWRVLVFDWHQDLOIUDJRUHGHLTXDUDQWDR FLQTXDQWD SUHWHQGHQWL DO FDPELR L TXDOL VL SUHFLSLWDQR YHUVR LO 7DJHVUDXP FRQ IXULD GLVSHUDWD EHQ VDSHQGR FKH VROWDQWR L GLHFL SULPL DUULYDWL QHOOD PLJOLRUH GHOOH LSRWHVL VDUDQQRVRGGLVIDWWL 3RL¨ODTXLHWH/DOXFHVLVSHJQHXQDSULPDYROWDSHUSRFKLVHFRQGLSHUDYYLVDUHL VDUWL GL ULSRUUH LO SUH]LRVLVVLPR DJR H LO ILOR SRL VXRQD ORQWDQR OD FDPSDQD H DOORUD VL LQVHGLDODJXDUGLDGLQRWWHHWXWWHOHOXFLVLVSHQJRQRGHILQLWLYDPHQWH1RQFLUHVWDFKH VSRJOLDUFLHFRULFDUFL
,QWHQGH WXWWR D YROR QRQ VD FKH SRFR IUDQFHVH H FDSLVFH TXDQWR JOL GLFRQR WHGHVFKL H SRODFFKL5LVSRQGHLQLWDOLDQRHDJHVWLVLIDFDSLUHHVXELWRULHVFHVLPSDWLFR/RWWDSHUOD VXDYLWDHSSXUH¨DPLFRGLWXWWLl6D{FKLELVRJQDFRUURPSHUHFKLELVRJQDHYLWDUHFKLVL SX²LPSLHWRVLUHDFKLVLGHYHUHVLVWHUH (SSXUHHSHUTXHVWDVXDYLUWºRJJLDQFRUDODVXDPHPRULDPL¨FDUDHYLFLQD QRQ¨ GLYHQWDWRXQWULVWR+RVHPSUHYLVWRHDQFRUDYHGRLQOXLODUDUDILJXUDGHOOߞXRPRIRUWHH PLWHFRQWURFXLVLVSXQWDQROHDUPLGHOODQRWWH 1RQVRQRSHU²ULXVFLWRDRWWHQHUHGLGRUPLUHLQFXFFHWWDFRQOXLHQHSSXUH$OEHUWRFL ¨ULXVFLWRTXDQWXQTXHQHO%ORFNHJOLJRGDRUPDLGLXQDFHUWDSRSRODULW SHFFDWR SHUFK©DYHUHXQFRPSDJQRGLOHWWRGLFXLILGDUVLRFRQFXLDOPHQRFLVLSRVVDLQWHQGHUH ¨ XQ LQHVWLPDELOH YDQWDJJLR H LQROWUH DGHVVR ¨ LQYHUQR H OH QRWWL VRQR OXQJKH H GDO ELOH YD PRPHQWRFKHVLDPRFRVWUHWWLDVFDPELDUHVXGRUHRGRUHHFDORUHFRQTXDOFXQRVRWWROD KHVLDPR KHVLDPRF VWHVVDFRSHUWDHLQVHWWDQWDFHQWLPHWULGLODUJKH]]D¨DVVDLGHVLGHUDELOHFKHVLWUDWWLGLXQ RSHUWDHLQV DPLFR
IO D U E T S BIL I R D E P EN O V T N S TE NO
'RSRYHQWLJLRUQLGL.D%HHVVHQGRVLODPLDIHULWDSUDWLFDPHQWHULPDUJLQDWDFRQPLR YLYRGLVSLDFHUHVRQRVWDWRPHVVRLQXVFLWD /D FHULPRQLD ¨ VHPSOLFH PD FRPSRUWD XQ GRORURVR H SHULFRORVR SHULRGR GL ULDVVHVWDPHQWR &KL QRQ GLVSRQH GL SDUWLFRODUL DSSRJJL DOOߞXVFLWD GDO .D%H QRQ YLHQH UHVWLWXLWRDOVXR%ORFNHDOVXR.RPPDQGRGLSULPDPD¨DUUXRODWRLQEDVHDFULWHULD PH VFRQRVFLXWL LQ XQD TXDOVLDVL DOWUD EDUDFFD H DYYLDWR D XQ TXDOVLDVL DOWUR ODYRUR 'L SLºGDO.D%HVLHVFHQXGLVLULFHYRQRYHVWLWLHVFDUSHlQXRYL{LQWHQGRGLUHQRQTXHOOL ODVFLDWL DOOߞLQJUHVVR LQWRUQR D FXL ELVRJQD DGRSHUDUVL FRQ UDSLGLW H GLOLJHQ]D SHU DGDWWDUOLDOODSURSULDSHUVRQDLOFKHFRPSRUWDIDWLFDHVSHVH2FFRUUHSURFXUDUVLGDFFDSR FXFFKLDLRHFROWHOORLQILQHHTXHVWD¨ODFLUFRVWDQ]DSLºJUDYHFLVLWURYDLQWUXVLLQXQ DPELHQWHVFRQRVFLXWRIUDFRPSDJQLPDLYLVWLHRVWLOLFRQFDSLGLFXLQRQVLFRQRVFHLO FDUDWWHUHHGDFXLTXLQGL¨GLIILFLOHJXDUGDUVL /DIDFROW XPDQDGLVFDYDUVLXQDQLFFKLDGLVHFHUQHUHXQJXVFLRGLHULJHUVLLQWRUQR UQR QR XQD WHQXH EDUULHUD GL GLIHVD DQFKH LQ FLUFRVWDQ]H DSSDUHQWHPHQWH GLVSHUDWH DWH ¨ VWXSHIDFHQWHHPHULWHUHEEHXQRVWXGLRDSSURIRQGLWR6LWUDWWDGLXQSUH]LRVRODYRULRGL RULRG RULRGL DGDWWDPHQWRLQSDUWHSDVVLYRHLQFRQVFLRHLQSDUWHDWWLYRGLSLDQWDUHXQFKLRGRVRSUDOD RGRVR D OOD RGRVRS FXFFHWWDSHUDSSHQGHUYLOHVFDUSHGLQRWWHGLVWLSXODUHWDFLWLSDWWLGLQRQDJJUHVVLRQHFRL DJJUHVVLRQ DJJUHVVLRQH YLFLQL GL LQWXLUH H DFFHWWDUH OH FRQVXHWXGLQL H OH OHJJL GHO VLQJROR .RPPDQGR .RPPDQGR H GHO GH VLQJROR%ORFN,QYLUWºGLTXHVWRODYRURGRSRTXDOFKHVHWWLPDQDVLULHVFHDUDJJLXQJHUH ULHVFHDUD XQJHUH ULHVFHDUDJ XQFHUWRHTXLOLEULRXQFHUWRJUDGRGLVLFXUH]]DGLIURQWHDJOLLPSUHYLVWLFLVL¨IDWWRXQ SUHYLVWLF SUHYLVWLFL ¨IDWWRXQ QLGRLOWUDXPDGHOWUDYDVDPHQWR¨VXSHUDWR 0DOߞXRPRFKHHVFHGDO.D%HQXGRHTXDVLVHPSUHLQVXIILFLHQWHPHQWHULVWDELOLWRVL XIILFLHQWHP WHULVWDELOLWR VHQWHSURLHWWDWRQHOEXLRHQHOJHORGHOORVSD]LRVLGHUDOH,SDQWDORQLJOLFDVFDQRGLGRVVR QWDORQL RQ VFDQRGL VFDQRGL OHVFDUSHJOLIDQQRPDOHODFDPLFLDQRQKDERWWRQL&HUFDXQFRQWDWWRXPDQRHQRQWURYD H FKH VFKLHQH YROWDWH LQHUPH H YXOQHUDELOH FRPH XQ QHRQDWR HSSXUH DO PDWWLQR GRYU PDUFLDUHDOODYRUR ,QTXHVWHFRQGL]LRQLPLWURYRLRTXDQGROߞLQIHUPLHUHGRSRLYDULULWLDPPLQLVWUDWLYL SUHVFULWWLPLKDDIILGDWRDOOHFXUHGHO%ORFN¤OWHVWHUGHO%ORFN0DVXELWRXQSHQVLHUR PLFROPDGLJLRLDKRDYXWRIRUWXQDTXHVWR¨LO%ORFNGL$OEHUWR $OEHUWR ¨ LO PLR PLJOLRUH DPLFR 1RQ KD FKH YHQWLGXH DQQL GXH PHQR GL PH PD QHVVXQR GL QRL LWDOLDQL KD GLPRVWUDWR FDSDFLW GL DGDWWDPHQWR VLPLOL DOOH VXH $OEHUWR ¨ HQWUDWRLQ/DJHUDWHVWDDOWDHYLYHLQ/DJHULOOHVRHLQFRUURWWR+DFDSLWRSULPDGLWXWWL FKHTXHVWDYLWD¨JXHUUDQRQVL¨FRQFHVVRLQGXOJHQ]HQRQKDSHUVRWHPSRDUHFULPLQDUH HDFRPPLVHUDUHV©HJOLDOWULPDILQGDOSULPRJLRUQR¨VFHVRLQFDPSR/RVRVWHQJRQR LQWHOOLJHQ]D H LVWLQWR UDJLRQD JLXVWR VSHVVR QRQ UDJLRQD HG ¨ XJXDOPHQWH QHO JLXVWR
/HQRVWUHQRWWL
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
'HYRQRHVVHUHSDVVDWHOHYHQWLWUHSHUFK©JL ¨LQWHQVROߞDQGLULYLHQLDOVHFFKLRDFFDQWR ' DOODJXDUGLDGLQRWWHXQWRUPHQWRRVFHQRHXQDYHUJRJQDLQGHOHELOHRJQLGXHRJQLWUH D DOO RUHFLGREELDPRDO]DUHSHUVPDOWLUHODJURVVDGRVHGLDFTXDFKHGLJLRUQRVLDPRFRVWUHWWL DG DVVRUELUH VRWWR IRUPD GL ]XSSD SHU VRGGLVIDUH OD IDPH TXHOOD VWHVVD DFTXD FKH DOOD VHUD FL JRQILD OH FDYLJOLH H OH RFFKLDLH LPSDUWHQGR D WXWWH OH ILVLRQRPLH XQD GHIRUPH UDVVRPLJOLDQ]DHODFXLHOLPLQD]LRQHLPSRQHDLUHQLXQODYRURVILEUDQWH 1RQVLWUDWWDVRORGHOODSURFHVVLRQHDOVHFFKLR¨OHJJHFKHOߞXOWLPRXWHQWHGHOVHFFKLR PHGHVLPR YDGD D YXRWDUOR DOOD ODWULQD ¨ OHJJH DOWUHV FKH GL QRWWH QRQ VL HVFD GDOOD EDUDFFDVHQRQLQWHQXWDQRWWXUQDFDPLFLDHPXWDQGH HFRQVHJQDQGRLOSURSULRQXPHUR DOOD JXDUGLD 1H VHJXH SUHYHGLELOPHQWH FKH OD JXDUGLD QRWWXUQD FHUFKHU GL HVRQHUDUH GDOVHUYL]LRLVXRLDPLFLLFRQQD]LRQDOLHLSURPLQHQWLVLDJJLXQJDDQFRUDFKHLYHFFKL GHOFDPSRKDQQRWDOPHQWHDIILQDWRLORURVHQVLFKHSXUUHVWDQGRQHOOHORURFXFFHWWHVRQR PLUDFRORVDPHQWH LQ JUDGR GL GLVWLQJXHUH VROWDQWR LQ EDVH DO VXRQR GHOOH SDUHWL GHO VHFFKLRVHLOOLYHOOR¨RQRDOOLPLWHSHULFRORVRSHUFXLULHVFRQRTXDVLVHPSUHDVIXJJLUH DOOD VYXRWDWXUD 3HUFL² L FDQGLGDWL DO VHUYL]LR GHO VHFFKLR VRQR LQ RJQL EDUDFFD XQ QXPHURDVVDLOLPLWDWRPHQWUHLOLWULFRPSOHVVLYLGDHOLPLQDUHVRQRDOPHQRGXHFHQWRHLO VHFFKLRGHYHTXLQGLHVVHUHYXRWDWRXQDYHQWLQDGLYROWH ,Q FRQFOXVLRQH ¨ DVVDL JUDYH LO ULVFKLR FKH LQFRPEH VX GL QRL LQHVSHUWL H QRQ SULYLOHJLDWL RJQL QRWWH TXDQGR OD QHFHVVLW FL VSLQJH DO VHFFKLR ,PSURYYLVDPHQWH OD JXDUGLDGLQRWWHEDO]DGDOVXRDQJRORHFLDJJXDQWDVLVFDUDERFFKLDLOQRVWURQXPHURFL FRQVHJQD XQ SDLR GL VXROH GL OHJQR H LO VHFFKLR H FL FDFFLD IXRUL LQ PH]]R DOOD QHYH
IO D U E T S BIL I R D E P EN V N O
SHUDYHUHGLIURQWHDPHVWHVVRXQDJDUDQ]LDGLHVVHUHHIIHWWLYDPHQWHVYHJOLR ,O VRJQR PL VWD GDYDQWL DQFRUD FDOGR H LR EHQFK© VYHJOLR VRQR WXWWRUD SLHQR GHOOD VXD DQJRVFLD H DOORUD PL ULFRUGR FKH TXHVWR QRQ ¨ XQ VRJQR TXDOXQTXH PD FKH GD TXDQGR VRQR TXL OߞKR JL VRJQDWR QRQ XQD PD PROWH YROWH FRQ SRFKH YDULD]LRQL GL DPELHQWHHGLSDUWLFRODUL2UDVRQRLQSLHQDOXFLGLW HPLUDPPHQWRDQFKHGLDYHUORJL UDFFRQWDWRDG$OEHUWRHFKHOXLPLKDFRQILGDWRFRQPLDPHUDYLJOLDFKHTXHVWR¨DQFKH LO VXR VRJQR H LO VRJQR GL PROWL DOWUL IRUVH GL WXWWL 3HUFK© TXHVWR DYYLHQH" SHUFK© LO GRORUHGLWXWWLLJLRUQLVLWUDGXFHQHLQRVWULVRJQLFRVFRVWDQWHPHQWHQHOODVFHQDVHPSUH ULSHWXWDGHOODQDUUD]LRQHIDWWDHQRQDVFROWDWD" ߨ 0HQWUH FRV PHGLWR FHUFR GL SURILWWDUH GHOOߞLQWHUYDOOR GL YHJOLD SHU VFXRWHUPL GL GRVVRLEUDQGHOOLGLDQJRVFLDGHOVRSRUHSUHFHGHQWHLQPRGRGDQRQFRPSURPHWWHUHOD HOOLGL HOOLGLD TXDOLW GHOVRQQRVXFFHVVLYR0LUDQQLFFKLRDVHGHUHQHOEXLRPLJXDUGRLQWRUQRHWHQGR VRQQRVXF VRQQRVXFF OߞRUHFFKLR R 6LVHQWRQRLGRUPLHQWLUHVSLUDUHHUXVVDUHTXDOFXQRJHPHHSDUOD0ROWLVFKLRFFDQROH VHQWRQRLG VHQWRQRLGR ODEEUDHGLPHQDQROHPDVFHOOH6RJQDQRGLPDQJLDUHDQFKHTXHVWR¨XQVRJQRFROOHWWLYR EEUDHGLPHQ EUDHGLPHQ ROH R XQVRJQRVSLHWDWRFKLKDFUHDWRLOPLWRGL7DQWDORGRYHYDFRQRVFHUOR1RQVLYHGRQR XQVRJQ XQVRJQR SLHWDWRFK HWDWRFK VROWDQWRLFLELPDVLVHQWRQRLQPDQRGLVWLQWLHFRQFUHWLVHQHSHUFHSLVFHOߞRGRUHULFFRH VROWDQWR ROWDQ LELPDVLVH ELPDVLVH YLROHQWR YLROH TXDOFXQR FH OL DYYLFLQD ILQR D WRFFDUH OH ODEEUD SRL XQD TXDOFKH FLUFRVWDQ]D RJQLYROWDGLYHUVDIDVFKHOߞDWWRQRQYDGDDFRPSLPHQWR$OORUDLOVRJQRVLGLVIDHVL RJ YROWDGLYHUV VFLQGHQHLVXRLHOHPHQWLPDVLULFRPSRQHVXELWRGRSRHULFRPLQFLDVLPLOHHPXWDWRH LQGHQHLVX LQGHQHLVXR TXHVWRVHQ]DWUHJXDSHURJQXQRGLQRLSHURJQLQRWWHHSHUWXWWDODGXUDWDGHOVRQQR TXHVWRVHQ
COPIA NON VENDIBILE
1RQ VR FKL VLD LO PLR YLFLQR QRQ VRQR QHSSXUH VLFXUR FKH VLD VHPSUH OD VWHVVD SHUVRQDSHUFK©QRQOߞKRPDLYLVWRLQYLVRVHQRQSHUTXDOFKHDWWLPRQHOWXPXOWRGHOOD VYHJOLDLQPRGRFKHPROWRPHJOLRGHOVXRYLVRFRQRVFRLOVXRGRUVRHLVXRLSLHGL1RQ ODYRUDQHOPLR.RPPDQGRHYLHQHLQFXFFHWWDVRORDOPRPHQWRGHOVLOHQ]LRVLDYYROWROD QHOOD FRSHUWD PL VSLQJH GD SDUWH FRQ XQ FROSR GHOOH DQFKH RVVXWH PL YROJH LO GRUVR H FRPLQFLDVXELWRDUXVVDUH6FKLHQDFRQWURVFKLHQDLRPLDGRSHURSHUFRQTXLVWDUPLXQD VXSHUILFLH UDJLRQHYROH GL SDJOLHULFFLR HVHUFLWR FROOH UHQL XQD SUHVVLRQH SURJUHVVLYD FRQWUROHVXHUHQLSRLPLULJLURHSURYRDVSLQJHUHFROOHJLQRFFKLDJOLSUHQGROHFDYLJOLH HFHUFRGLVLVWHPDUOHXQSRߞSLºLQO LQPRGRGDQRQDYHUHLVXRLSLHGLDFFDQWRDOYLVR PDWXWWR¨LQXWLOH¨PROWRSLºSHVDQWHGLPHHVHPEUDSLHWULILFDWRGDOVRQQR $OORUDLRPLDGDWWRDJLDFHUHFRVFRVWUHWWRDOOߞLPPRELOLW SHUPHW VXOODVSRQGDGL OHJQR7XWWDYLDVRQRFRVVWDQFRHVWRUGLWRFKHLQEUHYHVFLYRORDQFKߞLRQHOVRQQRHPL SDUHGLGRUPLUHVXLELQDULGHOWUHQR ,OWUHQRVWDSHUDUULYDUHVLVHQWHDQVDUHODORFRPRWLYDODTXDOH¨LOPLRYLFLQR1RQ VRQR DQFRUD WDQWR DGGRUPHQWDWR GD QRQ DFFRUJHUPL GHOOD GXSOLFH QDWXUD GHOOD ORFRPRWLYD6LWUDWWDSUHFLVDPHQWHGLTXHOODORFRPRWLYDFKHULPRUFKLDYDRJJLLQ%XQDL YDJRQLFKHFLKDQQRIDWWRVFDULFDUHODULFRQRVFRGDOIDWWRFKHDQFKHRUDFRPHTXDQGR¨ SDVVDWDYLFLQDDQRLVLVHQWHLOFDORUHFKHLUUDGLDGDOVXRILDQFRQHUR6RIILD¨VHPSUHSLº YLFLQD¨VHPSUHVXOSXQWRGLHVVHUPLDGGRVVRHLQYHFHQRQDUULYDPDL,OPLRVRQQR¨ PROWRVRWWLOH¨XQYHORVHYRJOLRORODFHUR/RIDU²YRJOLRODFHUDUORFRVSRWU²WRJOLHUPL GDLELQDUL(FFRKRYROXWRHRUDVRQRVYHJOLRPDQRQSURSULRVYHJOLRVROWDQWRXQSRߞ SRߞ GL SLº DO JUDGLQR VXSHULRUH GHOOD VFDOD IUD OߞLQFRVFLHQ]D H OD FRVFLHQ]D +R JOL RFFKL FKLXVL H QRQ OL YRJOLR DSULUH SHU QRQ ODVFLDU IXJJLUH LO VRQQR PD SRVVR SHUFHSLUH HSLUH L UXPRUL TXHVWR ILVFKLR ORQWDQR VRQR VLFXUR FKH ¨ YHUR QRQ YLHQH GDOOD ORFRP ORFRPRWLYD WLY WLYD VRJQDWD¨ULVXRQDWRRJJHWWLYDPHQWH¨LOILVFKLRGHOOD'HFDXYLOOHYLHQHGDOFDQWLHUHFKH GDOFDQWLHUH DOFDQWLHU ODYRUDDQFKHGLQRWWH8QDOXQJDQRWDIHUPDSRLXQߞDOWUDSLºEDVVDGLXQVHPLWRQRSRLGL QVHPLWRQR LG QXRYRODSULPDPDEUHYHHWURQFD4XHVWRILVFKLR¨XQDFRVDLPSRUWDQWHHLQTXDOFKH RUWDQWHHL XDOFKH RUWDQWHHLQ PRGRHVVHQ]LDOHFRVVRYHQWHOߞDEELDPRXGLWRDVVRFLDWRDOODVRIIHUHQ]DGHOODYRURHGHO IHUHQ]DGH YRURHGHO IHUHQ]DGHO FDPSRFKHQH¨GLYHQXWRLOVLPERORHQHHYRFDGLUHWWDPHQWHODUDSSUHVHQWD]LRQHFRPH ODUDSSUHVH ]LRQHFRPH DFFDGHSHUFHUWHPXVLFKHHFHUWLRGRUL 4XLFߞ¨PLDVRUHOODHTXDOFKHPLRDPLFRQRQSUHFLVDWRHPROWDDOWUDJHQWH7XWWLPL PROWD ROW JHQWH7 VWDQQRDVFROWDQGRHLRVWRUDFFRQWDQGRSURSULRTXHVWRLOILVFKLRVXWUHQRWHLOOHWWRGXUR OO LOPLRYLFLQRFKHLRYRUUHLVSRVWDUHPDKRSDXUDGLVYHJOLDUORSHUFK©¨SLºIRUWHGLPH 5DFFRQWRDQFKHGLIIXVDPHQWHGHOODQRVWUDIDPHHGHOFRQWUROORGHLSLGRFFKLHGHO.DSR FKH PL KD SHUFRVVR VXO QDVR H SRL PL KD PDQGDWR D ODYDUPL SHUFK© VDQJXLQDYR XQ JRGLPHQWR LQWHQVR ILVLFR LQHVSULPLELOH HVVHUH QHOOD PLD FDVD IUD SHUVRQH DPLFKH H DYHUHWDQWHFRVHGDUDFFRQWDUHPDQRQSRVVRQRQDFFRUJHUPLFKHLPLHLDVFROWDWRULQRQ PL VHJXRQR $Q]L HVVL VRQR GHO WXWWR LQGLIIHUHQWL SDUODQR FRQIXVDPHQWH GߞDOWUR IUD GL ORURFRPHVHLRQRQFLIRVVL0LDVRUHOODPLJXDUGDVLDO]DHVHQHYDVHQ]DIDUSDUROD $OORUDQDVFHLQPHXQDSHQDGHVRODWDFRPHFHUWLGRORULDSSHQDULFRUGDWLGHOODSULPD LQIDQ]LD¨GRORUHDOORVWDWRSXURQRQWHPSHUDWRGDOVHQVRGHOODUHDOW HGDOODLQWUXVLRQH GLFLUFRVWDQ]HHVWUDQHHVLPLOHDTXHOOLSHUFXLLEDPELQLSLDQJRQRHG¨PHJOLRSHUPH ULVDOLUH DQFRUD XQD YROWD LQ VXSHUILFLH PD TXHVWD YROWD DSUR GHOLEHUDWDPHQWH JOL RFFKL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
JLRUQR OXQJR D WDO VHJQR GD QRQ SRWHUVHQH UDJLRQHYROPHQWH FRQFHSLUH OD ILQH WDQWR IUHGGRWDQWDIDPHWDQWDIDWLFDFHQHVHSDUDQRSHUFXL¨PHJOLRFRQFHQWUDUHOߞDWWHQ]LRQH HLOGHVLGHULRVXOEORFFKHWWRGLSDQHJULJLRFKH¨SLFFRORPDIUDXQߞRUDVDU FHUWDPHQWH QRVWURHSHUFLQTXHPLQXWLILQFK©QRQOߞDYUHPRGLYRUDWRFRVWLWXLU WXWWRTXDQWRODOHJJH GHOOXRJRFLFRQVHQWHGLSRVVHGHUH $OOR:VWDZDÇVLULPHWWHLQPRWRODEXIHUD/ߞLQWHUDEDUDFFDHQWUDVHQ]DWUDQVL]LRQHLQ DWWLYLW IUHQHWLFD RJQXQR VL DUUDPSLFD VX H JLº ULI OD FXFFHWWD H FHUFD FRQWHPSRUDQHDPHQWH GL YHVWLUVL LQ PRGR GD QRQ ODVFLDUH QHVVXQR GHL VXRL RJJHWWL LQFXVWRGLWROߞDWPRVIHUDVLULHPSLHGLSROYHUHILQRDGLYHQWDUHRSDFDLSLºVYHOWLIHQGRQR DJRPLWDWHODFDOFDSHUUHFDUVLDOODYDWRLRHDOODODWULQDSULPDFKHYLVLFRVWLWXLVFDODFRGD ,PPHGLDWDPHQWH LQ VFHQD JOL VFRSLQL H FDFFLDQR WXWWL IXRUL SLFFKLDQGR H QWH HQWUDQR HQW HQ XUODQGR 4XDQGRLRKRULIDWWRODFXFFLDHPLVRQRYHVWLWRVFHQGRVXOSDYLPHQWRHPLLQILOROH GRLRKRULI VFDUSH$OORUDPLVLULDSURQROHSLDJKHGHLSLHGLHLQFRPLQFLDXQDQXRYDJLRUQDWD H$OORUDPL
IO D U E T S BIL I R D E P EN O V T N S TE NO
&RV VL WUDVFLQDQR OH QRVWUH QRWWL ,O VRJQR GL 7DQWDOR H LO VRJQR GHO UDFFRQWR VL LQVHULVFRQRLQXQWHVVXWRGLLPPDJLQLSLºLQGLVWLQWHODVRIIHUHQ]DGHOJLRUQRFRPSRVWD GLIDPHSHUFRVVHIUHGGRIDWLFDSDXUDHSURPLVFXLW VLYROJHGLQRWWHLQLQFXELLQIRUPL GL LQDXGLWD YLROHQ]D TXDOL QHOOD YLWD OLEHUD RFFRUURQR VROR QHOOH QRWWL GL IHEEUH &L VL VYHJOLD D RJQL LVWDQWH JHOLGL GL WHUURUH FRQ XQ VXVVXOWR GL WXWWH OH PHPEUD VRWWR OߞLPSUHVVLRQH GL XQ RUGLQH JULGDWR GD XQD YRFH SLHQD GL FROOHUD LQ XQD OLQJXD LQFRPSUHVD /D SURFHVVLRQH GHO VHFFKLR H L WRQIL GHL FDOFDJQL QXGL VXO OHJQR GHO SDYLPHQWR VL PXWDQR LQ XQߞDOWUD VLPEROLFD SURFHVVLRQH VLDPR QRL JULJL H LGHQWLFL SLFFROLFRPHIRUPLFKHHJUDQGLILQRDOOHVWHOOHVHUUDWLOߞXQRFRQWUROߞDOWURLQQXPHUHYROL SHU WXWWD OD SLDQXUD ILQR DOOߞRUL]]RQWH WDORUD IXVL LQ XQߞXQLFD VRVWDQ]D XQ LPSDVWR DQJRVFLRVR LQ FXL FL VHQWLDPR LQYLVFKLDWL H VRIIRFDWL WDORUD LQ PDUFLD D FHUFKLR VHQ]D SULQFLSLR H VHQ]D ILQH FRQ YHUWLJLQH DFFHFDQWH H XQD PDUHD GL QDXVHD FKH FL VDOH GDL SUHFRUGL DOOD JROD ILQFK© OD IDPH R LO IUHGGR R OD SLHQH]]D GHOOD YHVFLFD QRQ FRQYRJOLDQRLVRJQLHQWURJOLVFKHPLFRQVXHWL&HUFKLDPRLQYDQRTXDQGROߞLQFXERVWHVVR RLOGLVDJLRFLVYHJOLDQRGLGLVWULFDUQHJOLHOHPHQWLHGLULFDFFLDUOLVHSDUDWDPHQWHIXRUL RUL GDO FDPSR GHOOߞDWWHQ]LRQH DWWXDOH LQ PRGR GD GLIHQGHUH LO VRQQR GDOOD ORUR LQWUXVLRQH VLRQH QRQ DSSHQD JOL RFFKL VL ULFKLXGRQR DQFRUD XQD YROWD SHUFHSLDPR LO QRVWUR FHUYHOOR HUYHOO HUYHOOR PHWWHUVL LQ PRWR DO GL IXRUL GHO QRVWUR YROHUH SLFFKLD H URQ]D LQFDSDFH H GL ULSRVR UUL RVR RVR IDEEULFDIDQWDVPLHVHJQLWHUULELOLHVHQ]DSRVDOLGLVHJQDHOLDJLWDLQQHEELDJULJLDVXOOR ELDJULJLD ELDJULJLDV VFKHUPRGHLVRJQL 0DSHUWXWWDODGXUDWDGHOODQRWWHDWWUDYHUVRWXWWHOHDOWHUQDQ]HGLVRQQRGLYHJOLDHGL VRQQRGL VRQQRGLY LDHGL LQFXER YLJLOD OߞDWWHVD H LO WHUURUH GHO PRPHQWR GHOOD VYHJOLD PHGLDQWH OD OD PLVWHULRVD IDFROW FKH PROWL FRQRVFRQR QRL VLDPR LQ JUDGR SXU VHQ]D RURORJL GL GL SUHYHGHUQH UHYHGHUQH HYHGHUQH OR VFRFFDUH FRQ JUDQGH DSSURVVLPD]LRQH $OOߞRUD GHOOD VYHJOLD GD VWDJLRQH OLD FKH YDULD YD VWDJLRQ D VWDJLRQHPDFDGHVHPSUHDVVDLSULPDGHOOߞDOEDVXRQDDOXQJRODFDPSDQHOODGHOFDPSRH ODFDP FD ODGHOFD DOORUD LQ RJQL EDUDFFD OD JXDUGLD GL QRWWH VPRQWD DFFHQGH OH OXFL VL DO]D VL V VWLUD H SURQXQ]LD OD FRQGDQQD GL RJQL JLRUQR ߙ $XIVWHKHQ ߙ R SLº VSHVVR LQ SRODFFR ߙ :VWDZDÇ 3RFKLVVLPL DWWHQGRQR GRUPHQGR OR :VWDZDÇ ¨ XQ PRPHQWR GL SHQD WURSSR DFXWD SHUFK©LOVRQQRSLºGXURQRQVLVFLROJDDOVXRDSSURVVLPDUVL/DJXDUGLDQRWWXUQDORVD HG ¨ SHU TXHVWR FKH QRQ OR SURQXQ]LD FRQ WRQR GL FRPDQGR PD FRQ YRFH SLDQD H VRPPHVVD FRPH GL FKL VD FKH OߞDQQXQ]LR WURYHU WXWWH OH RUHFFKLH WHVH H VDU XGLWR H REEHGLWR /D SDUROD VWUDQLHUD FDGH FRPH XQD SLHWUD VXO IRQGR GL WXWWL JOL DQLPL l$O]DUVL{ OߞLOOXVRULD EDUULHUD GHOOH FRSHUWH FDOGH OߞHVLOH FRUD]]D GHO VRQQR OD SXU WRUPHQWRVD HYDVLRQHQRWWXUQDFDGRQRDSH]]LLQWRUQRDQRLHFLULWURYLDPRGHVWLVHQ]DUHPLVVLRQH HVSRVWL DOOߞRIIHVD DWURFHPHQWH QXGL H YXOQHUDELOL ,QFRPLQFLD XQ JLRUQR FRPH RJQL
WUHPDQWLHLQVRQQROLWL$QRLWRFFDWUDVFLQDUFLILQRDOODODWULQDFROVHFFKLRFKHFLXUWDL SROSDFFL QXGL GLVJXVWRVDPHQWH FDOGR ¨ SLHQR ROWUH RJQL OLPLWH UDJLRQHYROH H LQHYLWDELOPHQWHFRQOHVFRVVHTXDOFRVDFLWUDERFFDVXLSLHGLWDOFK©SHUTXDQWRTXHVWD IXQ]LRQHVLDULSXJQDQWH¨SXUVHPSUHSUHIHULELOHHVVHUYLFRPDQGDWLQRLVWHVVLSLXWWRVWR FKHLOQRVWURYLFLQRGLFXFFHWWD
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
IO D U E T S BIL I R D E P EN O V T N S TE NO
4XDQGR VLDPR DUULYDWL DO FDQWLHUH FL KDQQR FRQGRWWL DOOD (LVHQU¶KUHSODW] FKH ¨ OD VSLDQDWD GRYH VL VFDULFDQR L WXEL GL IHUUR H SRL KDQQR FRPLQFLDWR DG DYYHQLUH OH VROLWH FRVH ,O .DSR KD ULIDWWR OߞDSSHOOR KD SUHVR EUHYHPHQWH DWWR GHO QXRYR DFTXLVWR VL ¨ DFFRUGDWRFRO0HLVWHUFLYLOHVXOODYRURGLRJJL3RLFLKDDIILGDWLDO9RUDUEHLWHUHVHQH¨ DQGDWRDGRUPLUHQHOODFDSDQQDGHJOLDWWUH]]LYLFLQRDOODVWXIDTXHVWRQRQ¨XQ.DSRFKH GLD QRLD SHUFK© QRQ ¨ HEUHR H QRQ KD SDXUD GL SHUGHUH LO SRVWR ,O 9RUDUEHLWHU KD GLVWULEXLWROHOHYHGLIHUURDQRLHOHELQGHDLVXRLDPLFL¨DYYHQXWDODVROLWDSLFFRODORWWD
,OODYRUR
3ULPDGL5HVQ\NFRQPHGRUPLYDXQSRODFFRGLFXLWXWWLLJQRUDYDQRLOQRPHHUDPLWH HVLOHQ]LRVRDYHYDGXHYHFFKLHSLDJKHDOOHWLELHHGLQRWWHHPDQDYDXQRGRUHVTXDOOLGRGL PDODWWLD HUD DQFKH GHEROH GL YHVFLFD H SHUFL² VL VYHJOLDYD H PL VYHJOLDYD RWWR R GLHFL YROWHSHUQRWWH 8QDVHUDPLKDODVFLDWRLJXDQWLLQFRQVHJQDHG¨HQWUDWRLQRVSHGDOH,RKRVSHUDWR SHU PH]]ߞRUD FKH LO IXULHUH GLPHQWLFDVVH FKH HUR ULPDVWR VROR RFFXSDQWH GHOOD PLD FXFFHWWDPDTXDQGRJL HUDVXRQDWRLOVLOHQ]LRODFXFFHWWDKDWUHPDWRHXQWLSROXQJRH URVVRFRQLOQXPHURGHLIUDQFHVLGL'UDQF\VL¨DUUDPSLFDWRDFFDQWRDPH $YHUH XQ FRPSDJQR GL OHWWR GL VWDWXUD DOWD ¨ XQD VFLDJXUD YXRO GLUH SHUGHUH RUH GL VRQQRHDPHWRFFDQRSURSULRVHPSUHFRPSDJQLDOWLSHUFK©LRVRQRSLFFRORHGXHDOWL LQVLHPHQRQSRVVRQRGRUPLUH0DLQYHFHVL¨YLVWRVXELWRFKH5HVQ\NPDOJUDGRFL²QRQ HUD XQ FDWWLYR FRPSDJQR 3DUODYD SRFR H FRUWHVHPHQWH HUD SXOLWR QRQ UXVVDYD QRQ VL DO]DYD FKH GXH R WUH YROWH SHU QRWWH H VHPSUH FRQ PROWD GHOLFDWH]]D $O PDWWLQR VL L ¨ RIIHUWR GL IDUH OXL LO OHWWR TXHVWD ¨ XQD RSHUD]LRQH FRPSOLFDWD H SHQRVD H LQROWUH QROWUH FRPSRUWD XQD QRWHYROH UHVSRQVDELOLW SHUFK© TXHOOL FKH ULIDQQR PDOH LO OHWWR WR JOL JO lVFKOHFKWH %HWWHQEDXHU{ YHQJRQR GLOLJHQWHPHQWH SXQLWL H OR KD IDWWR UDSLGDPHQWH SLGDPH WH H EHQH LQ PRGR FKH KR SURYDWR XQ FHUWR IXJDFH SLDFHUH QHO YHGHUH SLº WDUGL LQ S SLD]]D SLD GHOOߞ$SSHOORFKH¨VWDWRDJJUHJDWRDOPLR.RPPDQGR 1HOODPDUFLDYHUVRLOODYRURYDFLOODQWLQHLJURVVL]RFFROLVXOODQHYHJHODWDDEELDPR QHYHJHODWD HYHJHODWD ELDPR VFDPELDWR TXDOFKH SDUROD H KR VDSXWR FKH 5HVQ\N ¨ SRODFFR KD YLVVXWR YLVVXWR YHQWߞDQQL QWߞDQQL D 3DULJL PD SDUOD XQ IUDQFHVH LQFUHGLELOH +D WUHQWߞDQQL PD FRPH D WWX WXWWL QRL JOLHQH SRWUHVWL GDUH GD GLFLDVVHWWH D FLQTXDQWD 0L KD UDFFRQWDWR R OD VXD VWRULD V LD D H RJJL OߞKR O GLPHQWLFDWDPDHUDFHUWRXQDVWRULDGRORURVDFUXGHOHHFRPPRYHQWHFK©WDOLVRQRWXWWH PRYHQ YHQ WDOLVRQ OHQRVWUHVWRULHFHQWLQDLDGLPLJOLDLDGLVWRULHWXWWHGLYHUVHHWXWWHSLHQHGLXQDWUDJLFD X XQ VRUSUHQGHQWHQHFHVVLW &HOHUDFFRQWLDPRDYLFHQGDDVHUDHVRQRDYYHQXWHLQ1RUYHJLD LQ,WDOLDLQ$OJHULDLQ8FUDLQDHVRQRVHPSOLFLHLQFRPSUHQVLELOLFRPHOHVWRULHGHOOD %LEELD0DQRQVRQRDQFKߞHVVHVWRULHGLXQDQXRYD%LEELD"
COPIA NON VENDIBILE
SHUFRQTXLVWDUHOHOHYHSLºOHJJHUHHRJJLDPH¨DQGDWDPDOHODPLD¨TXHOODVWRUWDFKH SHVDIRUVHTXLQGLFLFKLOLVRFKHVHDQFKHODGRYHVVLDGRSHUDUHDYXRWRGRSRPH]]ߞRUD VDU²PRUWRGLIDWLFD 3RLFHQHVLDPRDQGDWLFLDVFXQRFRQODVXDOHYD]RSSLFDQGRQHOODQHYHLQGLVJHOR$ RJQL SDVVR XQ SRߞ GL QHYH H GL IDQJR DGHULVFRQR DOOH QRVWUH VXROH GL OHJQR ILQFK© VL FDPPLQDLQVWDELOLVXGXHSHVDQWLDPPDVVLLQIRUPLGLFXLQRQFLVLULHVFHDOLEHUDUHDXQ WUDWWRXQRVLVWDFFDHDOORUD¨FRPHVHXQDJDPEDIRVVHXQSDOPRSLºFRUWDGHOOߞDOWUD 2JJLELVRJQDVFDULFDUHGDOYDJRQHXQHQRUPHFLOLQGURGLJKLVDFUHGRFKHVLDXQWXER GL VLQWHVL SHVHU SDUHFFKLH WRQQHOODWH 3HU QRL ¨ PHJOLR FRV SHUFK© QRWRULDPHQWH VL IDWLFD GL PHQR FRL JUDQGL FDULFKL FKH FRL SLFFROL LQIDWWL LO ODYRUR ¨ SLº VXGGLYLVR H FL YHQJRQR FRQFHVVL DGHJXDWL SHU² VLDPR LQ SHULFROR QRQ ELVRJQD PDL GLVWUDUVL HVVL DWWUH]]L DWW DW EDVWDXQDVYLVWDGLXQDWWLPRHVLSX²HVVHUHWUDYROWL YLVWDGLXQ YLVWDGLXQD 0HLVWHU WHU HU 1RJDOOD LQ SHUVRQD LO FDSRPDVWUR SRODFFR ULJLGR VHULR H WDFLWXUQR KD VRUYHJOLDWROߞRSHUD]LRQHGLVFDULFR2UDLOFLOLQGURJLDFHDOVXRORH0HLVWHU1RJDOODGLFH JOLDWROߞRSH ߙ%RKOHQKROHQ %RKOHQKROH $QRLVLVYXRWDLOFXRUH9XROGLUHlSRUWDUHWUDYHUVLQH{SHUFRVWUXLUHQHOIDQJRPROOH $QRLV XRWDLOFX $QRLVL RWDLOFX ODYLDVXFXLLOFLOLQGURYHUU VRVSLQWRFROOHOHYHILQGHQWURODIDEEULFD0DOHWUDYHUVLQH ODYLD ODYLDVX XLLOFLOLQGUR LLOFLOLQGUR VRQRLQFDVWUDWHQHOWHUUHQRHSHVDQRRWWDQWDFKLOLVRQRDOOߞLQFLUFDDOOLPLWHGHOOHQRVWUH VRQR FDVWUDWHQHO DVWUDWHQHO IRU]H,SLºUREXVWLGLQRLSRVVRQRODYRUDQGRLQFRSSLDSRUWDUHWUDYHUVLQHSHUTXDOFKH IR ,SLºUREX ,SLºUREX RUDSHUPH¨XQDWRUWXUDLOFDULFRPLVWRUSLDOߞRVVRGHOODVSDOODGRSRLOSULPRYLDJJLR DSHUPH¨ VRQRVRUGRHTXDVLFLHFRSHUORVIRU]RHFRPPHWWHUHLTXDOXQTXHEDVVH]]DSHUVRWWUDUPL VRQRVRUG VRQRVRUGR DOVHFRQGR DOVHFRQ 3URYHU² D PHWWHUPL LQ FRSSLD FRQ 5HVQ\N FKH SDUH XQ EXRQ ODYRUDWRUH H LQROWUH 3 3U HHVVHQGRGLDOWDVWDWXUDYHUU DVRSSRUWDUHODPDJJLRUSDUWHGHOSHVR6RFKH¨QHOOߞRUGLQH HV GHOOH FRVH FKH 5HVQ\N PL ULILXWL FRQ GLVSUH]]R H VL PHWWD LQ FRSSLD FRQ XQ DOWUR LQGLYLGXR UREXVWR H DOORUD LR FKLHGHU² GL DQGDUH DOOD ODWULQD H FL VWDU² LO SLº D OXQJR SRVVLELOH H SRL FHUFKHU² GL QDVFRQGHUPL FRQ OD FHUWH]]D GL HVVHUH LPPHGLDWDPHQWH ULQWUDFFLDWRGHULVRHSHUFRVVRPDWXWWR¨PHJOLRGLTXHVWRODYRUR ,QYHFHQR5HVQ\NDFFHWWDQRQVRORPDVROOHYDGDVRORODWUDYHUVLQDHPHOߞDSSRJJLD VXOOD VSDOOD GHVWUD FRQ SUHFDX]LRQH SRL DO]D OߞDOWUD HVWUHPLW YL SRQH VRWWR OD VSDOOD VLQLVWUDHSDUWLDPR /DWUDYHUVLQD¨LQFURVWDWDGLQHYHHGLIDQJRDRJQLSDVVRPLEDWWHFRQWUROߞRUHFFKLRH ODQHYHPLVFLYRODQHOFROOR'RSRXQDFLQTXDQWLQDGLSDVVLVRQRDOOLPLWHGLTXDQWRVL VXROHFKLDPDUHODQRUPDOHVRSSRUWD]LRQHOHJLQRFFKLDVLSLHJDQRODVSDOODGXROHFRPH VWUHWWDLQXQDPRUVDOߞHTXLOLEULR¨LQSHULFROR$RJQLSDVVRVHQWROHVFDUSHVXFFKLDWHGDO IDQJR DYLGR GD TXHVWR IDQJR SRODFFR RQQLSUHVHQWH LO FXL RUURUH PRQRWRQR ULHPSLH OH QRVWUHJLRUQDWH 0LPRUGRSURIRQGDPHQWHOHODEEUDDQRL¨QRWRFKHLOSURFXUDUVLXQSLFFRORGRORUH HVWUDQHR VHUYH FRPH VWLPRODQWH SHU PRELOLWDUH OH HVWUHPH ULVHUYH GL HQHUJLD $QFKH L .DSRVORVDQQRDOFXQLFLSHUFXRWRQRSHUSXUDEHVWLDOLW HYLROHQ]DPDYHQHVRQRDOWUL FKHFLSHUFXRWRQRTXDQGRVLDPRVRWWRLOFDULFRTXDVLDPRUHYROPHQWHDFFRPSDJQDQGROH SHUFRVVH FRQ HVRUWD]LRQL H LQFRUDJJLDPHQWL FRPH IDQQR L FDUUHWWLHUL FRL FDYDOOL YROHQWHURVL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
2KSRWHUSLDQJHUH2KSRWHUDIIURQWDUHLOYHQWRFRPHXQWHPSRIDFHYDPRGDSDULD SDULHQRQFRPHTXLFRPHYHUPLYXRWLGLDQLPD 6LDPRIXRULHFLDVFXQRULSUHQGHODVXDOHYD5HVQ\NLQVDFFDODWHVWDIUDOHVSDOOHVL FDOFDLOEHUUHWWRVXJOLRUHFFKLHOHYDLOYLVRDOFLHOREDVVRHJULJLRGDFXLWXUELQDODQHYH LQHVRUDELOHߙ6LMߞDYH\XQHFKLHQMHQHOHFKDVVHSDVGHKRUV
4XDQGRYLHQH)UDQ]DFKLDPDUH:DFKVPDQQSHUFK©YDGDFRQOXLDULWLUDUHLOUDQFLR YXROGLUHFKHVRQROHXQGLFLHLOPDWWLQR¨TXDVLSDVVDWRHDOSRPHULJJLRQHVVXQRSHQVD 3RLFߞ¨LOULWRUQRGHOODFRUY©HDOOHXQGLFLHPH]]RHOߞLQWHUURJDWRULRVWHUHRWLSRTXDQWD ]XSSDRJJLHGLFKHTXDOLW HVHFL¨WRFFDWDGDOSULQFLSLRRGDOIRQGRGHOPDVWHOORLRPL VIRU]R GL QRQ IDUOH TXHVWH GRPDQGH PD QRQ SRVVR LPSHGLUPL GL WHQGHUH DYLGDPHQWH OߞRUHFFKLRDOOHULVSRVWHHLOQDVRDOIXPRFKHYLHQHFROYHQWRGDOODFXFLQD ( ILQDOPHQWH FRPH XQD PHWHRUD FHOHVWH VRYUXPDQD H LPSHUVRQDOH FRPH XQ VHJQR GLYLQRODVLUHQDGLPH]]RJLRUQRHVSORGHDHVDXGLUHOHQRVWUHVWDQFKH]]HHOHQRVWUHIDPL DQRQLPHHFRQFRUGL(GLQXRYRDFFDGRQROHFRVHVROLWHWXWWLDFFRUULDPRDOODEDUDFFDH FL PHWWLDPR LQ ILOD FROOH JDPHOOH WHVH H WXWWL DEELDPR XQD IUHWWD DQLPDOHVFD GL SHUIRQGHUFL L YLVFHUL YLVFHUL FRQ OߞLQWUXJOLR FDOGR PD QHVVXQR YXRO HVVHUH LO SULPR SHUFK© DO SULPR WRFFD UD]LRQH SLº OLTXLGD &RPH DO VROLWR LO .DSR FL LUULGH H FL LQVXOWD SHU OD D OD UD]LR UD]LRQH QRVWUD YRUDFLW RUDFLW H VVL JXDUGD EHQH GDO ULPHVFRODUH OD PDUPLWWD SHUFK© LO IRQGR VSHWWD QRWRULDPHQWH LDPHQWH D OXL 3RL YLHQH OD EHDWLWXGLQH SRVLWLYD TXHVWD H YLVFHUDOH GHOOD GLVWHQVLRQH QHO YHQWUH H QHOOD FDSDQQD LQWRUQR DOOD VWXID URPEDQWH , VWHQVLRQH WHQVLRQH H GHO O FDORUH F DYDUL H SLL VL DUURWRODQR XQD PDJUD VLJDUHWWD H JOL DELWL GL WXWWL IXPDWRUL FFRQ JHVWL DY PDGLGLGLIDQJRHGLQHYHIXPDQRGHQVLDOODYDPSDGHOODVWXIDFRQRGRUHGLFDQLOHHGL PDGLG PDGLGLG DQJRHGLQ JUHJJH JU JUHJ 8QDWDFLWDFRQYHQ]LRQHYXROHFKHQHVVXQRSDUOLLQXQPLQXWRWXWWLGRUPRQRVHUUDWL QDWDFLWDFR DWDFLWDFR JRPLWR JRPLWR FDVFDQGR LPSURYYLVL LQ DYDQWL H ULSUHQGHQGRVL FRQ XQ LUULJLGLUVL GHO PLWR D JRP GRUVR 'L 'L GLHWUR DOOH SDOSHEUH DSSHQD FKLXVH HURPSRQR L VRJQL FRQ YLROHQ]D H DQFKH TXHVWL VVRQR L VROLWL VRJQL 'L HVVHUH D FDVD QRVWUD LQ XQ PHUDYLJOLRVR EDJQR FDOGR 'L HVVHUHDFDVDQRVWUDVHGXWLDWDYROD'LHVVHUHDFDVDHUDFFRQWDUHTXHVWRQRVWURODYRUDUH HVVH HVVHU VVHQ]DVSHUDQ]DTXHVWRQRVWURDYHUIDPHVHPSUHTXHVWRQRVWURGRUPLUHGLVFKLDYL VH 3RL LQ VHQR DL YDSRUL GHOOH GLJHVWLRQL WRUSLGH XQ QXFOHR GRORURVR VL FRQGHQVD H FL SXQJHHFUHVFHILQRDYDUFDUHOHVRJOLHGHOODFRVFLHQ]DHFLWRJOLHODJLRLDGHOVRQQRl(V ZLUG EDOG HLQ 8KU VHLQ{ ¨ TXDVL OD XQD &RPH XQ FDQFUR UDSLGR H YRUDFH ID PRULUH LO QRVWURVRQQRHFLVWULQJHGLDQJRVFLDSUHYHQWLYDWHQGLDPROߞRUHFFKLRDOYHQWRFKHILVFKLD IXRUL H DO OHJJHUR IUXVFLR GHOOD QHYH FRQWUR LO YHWUR lHV ZLUG VFKQHOO HLQ 8KU VHLQ{ 0HQWUHRJQXQRVLDJJUDSSDDOVRQQRSHUFK©QRQFLDEEDQGRQLWXWWLLVHQVLVRQRWHVLQHO UDFFDSULFFLRGHOVHJQDOHFKHVWDSHUYHQLUHFKH¨IXRULGHOODSRUWDFKH¨TXLߨ (FFROR8QWRQIRDOYHWUR0HLVWHU1RJDOODKDODQFLDWRFRQWURODILQHVWUHOODXQDSDOOD GLQHYHHGRUDVWDULJLGRLQSLHGLIXRULHWLHQHOߞRURORJLRFROTXDGUDQWHULYROWRYHUVRGL QRL ,O .DSR VL DO]D LQ SLHGL VL VWLUD H GLFH VRPPHVVR FRPH FKL QRQ GXELWD GL HVVHUH REEHGLWRߙ$OOHVKHUDXVߙWXWWLIXRUL
IO D U E T S BIL I R D E P EN O V T N S TE NO
$UULYDWLDOFLOLQGURVFDULFKLDPRDWHUUDODWUDYHUVLQDHLRUHVWRLPSDODWRFRJOLRFFKL YXRWL OD ERFFD DSHUWD H OH EUDFFLD SHQ]RORQL LPPHUVR QHOOD HVWDVL HIILPHUD H QHJDWLYD GHOODFHVVD]LRQHGHOGRORUH,QXQFUHSXVFRORGLHVDXULPHQWRDWWHQGRORVSLQWRQHFKHPL FRVWULQJHU D ULSUHQGHUH LO ODYRUR H FHUFR GL SURILWWDUH GL RJQL VHFRQGR GHOOߞDWWHVD SHU ULFXSHUDUHTXDOFKHHQHUJLD 0D OR VSLQWRQH QRQ YLHQH 5HVQ\N PL WRFFD LO JRPLWR LO SLº OHQWDPHQWH SRVVLELOH ULWRUQLDPRDOOHWUDYHUVLQH/ VLDJJLUDQRJOLDOWULDFRSSLHFHUFDQGRWXWWLGLLQGXJLDUH TXDQWRSLºSRVVRQRSULPDGLVRWWRSRUVLDOFDULFR ߙ $OORQV SHWLW DWWUDSH ߙ 4XHVWD WUDYHUVLQD ¨ DVFLXWWD H XQ SRߞ SLº OHJJHUD PD DOOD ILQHGHOVHFRQGRYLDJJLRPLSUHVHQWRDO9RUDUEHLWHUHFKLHGRGLDQGDUHDOODODWULQD 1RLDEELDPRLOYDQWDJJLRFKHODQRVWUDODWULQD¨SLXWWRVWRORQWDQDTXHVWRFLDXWRUL]]D XQD YROWD DO JLRUQR D XQD DVVHQ]D XQ SRߞ SLº OXQJD FKH GL QRUPD H LQROWUH SRLFK© ¨ SURLELWR UHFDUYLVL GD VROL QH ¨ VHJXLWR FKH :DFKVPDQQ LO SLº GHEROH H PDOGHVWUR GHO .RPPDQGR ¨ VWDWR LQYHVWLWR GHOOD FDULFD GL 6FKHLVVEHJOHLWHU lDFFRPSDJQDWRUH DOOH ODWULQH{ :DFKVPDQQ SHU YLUWº GL WDOH QRPLQD ¨ UHVSRQVDELOH GL XQ QRVWUR LSRWHWLFR ULVLELOHLSRWHVL WHQWDWLYRGLIXJDHSLºUHDOLVWLFDPHQWHGLRJQLQRVWURULWDUGR 3RLFK©ODPLDGRPDQGD¨VWDWDDFFHWWDWDPHQHSDUWRQHOIDQJRQHOODQHYHJULJLDHWUD LURWWDPLPHWDOOLFLVFRUWDWRGDOSLFFROR:DFKVPDQQ&RQTXHVWRQRQULHVFRDLQWHQGHUPL SHUFK©QRQDEELDPRDOFXQDOLQJXDLQFRPXQHPDLVXRLFRPSDJQLPLKDQQRGHWWRFKH¨ UDEELQR ¨ DQ]L XQ 0HODPHG XQ GRWWR GHOOD 7KRU H LQROWUH DO VXR SDHVH LQ *DOL]LD DYHYDIDPDGLJXDULWRUHHGLWDXPDWXUJR1©VRQRORQWDQRGDOFUHGHUORSHQVDQGRFRPH PH FRVHVLOHHIUDJLOHHPLWHULHVFDGDGXHDQQLDODYRUDUHVHQ]DDPPDODUVLHVHQ]DPRULUH PRULUH DFFHVR LQYHFH GL XQD VWXSHIDFHQWH YLWDOLW GL VJXDUGR H GL SDUROD SHU FXL SDVVD OXQJKH OXQJK VHUHDGLVFXWHUHGLTXHVWLRQLWDOPXGLFKHLQFRPSUHQVLELOPHQWHLQ\LGGLVFKHLQHEUDLFR HLQHE LQHE LFR LFR FRQ0HQGLFKH¨UDEELQRPRGHUQLVWD /D ODWULQD ¨ XQߞRDVL GL SDFH XQD ODWULQD SURYYLVRULD FKH L WHGHVFKL GHVFKL HVFKL QRQ KDQQR K QQR DQFRUDSURYYHGXWRGHOOHFRQVXHWHWUDPH]]HLQOHJQRFKHVHSDUDQRLYDULVFRPSDUWLPHQWL YDULVFRPS PHQWL YDULVFRPSD l1XUI¼U(QJO¤QGHU{l1XUI¼U3ROHQ{l1XUI¼U8NUDLQLVFKH)UDXHQ{HFRVYLDHXQ UDXHQ{HF UDXHQ{HFR YLDHXQ SRߞ LQ GLVSDUWH l1XU I¼U +¤IWOLQJH{ $OOߞLQWHUQR VSDOOD D VSDOOD VVLHGRQR RQR TXDWWUR +¤IWOLQJH IDPHOLFL XQ YHFFKLR EDUEXWR RSHUDLR UXVVR FRQ Q OD IDVFLD IDVFLD D]]XUUD ]XUUD 267 VXO EUDFFLRVLQLVWURXQUDJD]]RSRODFFRFRQXQDJUDQGH3ELDQFDVXOODVFKLHQDHVXOSHWWR FDVXOOD VXO QDHVX QDHVXO XQSULJLRQLHURPLOLWDUHLQJOHVHGDOYLVRVSOHQGLGDPHQWHUDVDWRHURVHRFRQODGLYLVDNDNL G QLWLGD VWLUDWD H SXOLWD D SDUWH LO JURVVR PDUFKLR .* .ULHJVJHIDQJHQHU VXO GRUVR 8Q TXLQWR +¤IWOLQJ VWD VXOOD SRUWD H DG RJQL FLYLOH FKH HQWUD VILODQGRVL OD FLQWROD FKLHGH SD]LHQWHHPRQRWRQRߙWHVYRXVIUDQ§DLV" 4XDQGRULWRUQRDOODYRURVLYHGRQRSDVVDUHJOLDXWRFDUULGHOUDQFLRLOFKHYXROGLUH FKHVRQROHGLHFLHTXHVWD¨JL XQߞRUDULVSHWWDELOHWDOHFKHODSDXVDGLPH]]RJLRUQRJL VLSURILODQHOODQHEELDGHOIXWXURUHPRWRHQRLSRVVLDPRFRPLQFLDUHDGDWWLQJHUHHQHUJLD GDOOߞDWWHVD )DFFLR FRQ 5HVQ\N DQFRUD GXH R WUH YLDJJL FHUFDQGR FRQ RJQL FXUD DQFKH VSLQJHQGRFL D FDWDVWH ORQWDQH GL WURYDUH WUDYHUVLQH SLº OHJJHUH PD RUPDL WXWWH OH PLJOLRUL VRQR JL VWDWH WUDVSRUWDWH H QRQ UHVWDQR FKH OH DOWUH DWURFL GDJOL VSLJROL YLYL SHVDQWLGLIDQJRHJKLDFFLRFRQLQFKLRGDWHOHSLDVWUHPHWDOOLFKHSHUDGDWWDUYLOHURWDLH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
IO D U E T S BIL I R D E P EN O V T N S TE NO
COPIA NON VENDIBILE
8QDEXRQDJLRUQDWD
/D SHUVXDVLRQH FKH OD YLWD KD XQR VFRSR ¨ UDGLFDWD LQ RJQL ILEUD GL XRPR ¨ XQD SURSULHW GHOOD VRVWDQ]D XPDQD *OL XRPLQL OLEHUL G QQR D TXHVWR VFRSR PROWL QRPL H VXOODVXDQDWXUDPROWRSHQVDQRHGLVFXWRQRPDSHUQRLODTXHVWLRQH¨SLºVHPSOLFH 2JJL H TXL LO QRVWUR VFRSR ¨ GL DUULYDUH D SULPDYHUD 'L DOWUR RUD QRQ FL FXULDPR 'LHWUR D TXHVWD PHWD QRQ Fߞ¨ RUD DOWUD PHWD $O PDWWLQR TXDQGR LQ ILOD LQ SLD]]D GHOOߞ$SSHOORDVSHWWLDPRVHQ]DILQHOߞRUDGLSDUWLUHSHULOODYRURHRJQLVRIILRGLYHQWR SHQHWUDVRWWROHYHVWLHFRUUHLQEULYLGLYLROHQWLSHULQRVWULFRUSLLQGLIHVLHWXWWR¨JULJLR LQWRUQR H QRL VLDPR JULJL DO PDWWLQR TXDQGR ¨ DQFRU EXLR WXWWL VFUXWLDPR LO FLHOR D RULHQWHDVSLDUHLSULPLLQGL]LGHOODVWDJLRQHPLWHHLOOHYDUHGHOVROHYLHQHRJQLJLRUQR FRPPHQWDWRRJJLXQSRߞSULPDGLLHULRJJLXQSRߞSLºFDOGRGLLHULIUDGXHPHVLIUDXQ PHVHLOIUHGGRFLGDU WUHJXDHDYUHPRXQQHPLFRGLPHQR 2JJLSHUODSULPDYROWDLOVROH¨VRUWRYLYRHQLWLGRIXRULGHOOߞRUL]]RQWHGLIDQJRXQ VROHSRODFFRIUHGGRELDQFRHORQWDQRHQRQULVFDOGDFKHOߞHSLGHUPLGHPDTXDQGRVL¨ L¨ VFLROWRGDOOHXOWLPHEUXPHXQPRUPRULR¨FRUVRVXOODQRVWUDPROWLWXGLQHVHQ]DFRORUHH RUHH TXDQGRLRSXUHKRVHQWLWRLOWHSRUHDWWUDYHUVRLSDQQLKRFRPSUHVRFRPHVLSRVVDDGRUDUH DGRUDU DGRUDUH LOVROH ߙ 'DV 6FKOLPPVWH LVW YRU¼EHU ߙ GLFH =LHJOHU WHQGHQGR DO VROH OH VSDOOH DOOH DJX]]H DJX]] LO DJX] SHJJLR ¨ SDVVDWR $FFDQWR D QRL ¨ XQ JUXSSR GL JUHFL GL TXHVWL DPPLUHYROL PLUHYROL LUHYROL H WHUULELOL WH ELO HEUHL 6DORQLNL WHQDFL ODGUL VDJJL IHURFL H VROLGDOL FRV GHWHUPLQDWL QDWL D YLYHUH YLYHU H FRV YLY VSLHWDWLDYYHUVDULQHOODORWWDSHUODYLWDGLTXHLJUHFLFKHKDQQRSUHYDOVRQHOOHFXFLQHH SUHYDOVRQ SUHYDOVRQH FXFLQHH LQ FDQWLHUH H FKH SHUILQR L WHGHVFKL ULVSHWWDQR H L SRODFFKL WHPRQR HPRQR 6RQR 6RQ DO ORUR WHU]R DQQR GL FDPSR H QHVVXQR VD PHJOLR GL ORUR FKH FRVD ¨ LO FDPSR RUD RU VWDQQR WDQQR VWUHWWL VWUHWW LQ FHUFKLRVSDOODDVSDOODHFDQWDQRXQDGHOOHORURLQWHUPLQDELOLFDQWLOHQH FDQWLOH QWL )HOLFLR LO JUHFR PL FRQRVFH ߙ /ߞDQQ©H SURFKDLQH OD PDLVRQ ߙ PL L JULGD HG DJJLXQJHߙߨ ODPDLVRQSDUOD&KHPLQ©Hߙ)HOLFLR¨VWDWRD%LUNHQDX(FRQWLQXDQRD FDQWDUHHEDWWRQRLSLHGLLQFDGHQ]DHVLXEULDFDQRGLFDQ]RQL 4XDQGR VLDPR ILQDOPHQWH XVFLWL GDOOD JUDQGH SRUWD GHO FDPSR LO VROH HUD GLVFUHWDPHQWHDOWRHLOFLHORVHUHQR6LYHGHYDQRDPH]]RJLRUQROHPRQWDJQHDSRQHQWH IDPLOLDUHHLQFRQJUXRLOFDPSDQLOHGL$XVFKZLW]TXLXQFDPSDQLOH HWXWWRLQWRUQRL SDOORQL IUHQDWL GHOOR VEDUUDPHQWR , IXPL GHOOD %XQD ULVWDJQDYDQR QHOOߞDULD IUHGGD H VL YHGHYDDQFKHXQDILODGLFROOLQHEDVVHYHUGLGLIRUHVWHHDQRLVL¨VWUHWWRLOFXRUHSHUFK© WXWWLVDSSLDPRFKHO ¨%LUNHQDXFKHO VRQRILQLWHOHQRVWUHGRQQHHSUHVWRDQFKHQRLYL ILQLUHPRPDQRQVLDPRDELWXDWLDYHGHUOR 3HUODSULPDYROWDFLVLDPRDFFRUWLFKHDLGXHODWLGHOODVWUDGDDQFKHTXLLSUDWLVRQR YHUGLSHUFK©VHQRQFߞ¨VROHXQSUDWR¨FRPHVHQRQIRVVHYHUGH
COPIA NON VENDIBILE
/D %XQD QR OD %XQD ¨ GLVSHUDWDPHQWH HG HVVHQ]LDOPHQWH RSDFD H JULJLD 4XHVWR VWHUPLQDWRLQWULFRGLIHUURGLFHPHQWRGLIDQJRHGLIXPR¨ODQHJD]LRQHGHOODEHOOH]]D /H VXH VWUDGH H L VXRL HGLILFL VL FKLDPDQR FRPH QRL FRQ QXPHUL R OHWWHUH R FRQ QRPL GLVXPDQL H VLQLVWUL 'HQWUR DO VXR UHFLQWR QRQ FUHVFH XQ ILOR GߞHUED H OD WHUUD ¨ LPSUHJQDWDGHLVXFFKLYHOHQRVLGHOFDUERQHHGHOSHWUROLRHQXOOD¨YLYRVHQRQPDFFKLQH HVFKLDYLHSLºTXHOOHGLTXHVWL /D%XQD¨JUDQGHFRPHXQDFLWW YLODYRUDQRROWUHDLGLULJHQWLHDLWHFQLFLWHGHVFKL TXDUDQWDPLOD VWUDQLHUL H YL VL SDUODQR TXLQGLFL R YHQWL OLQJXDJJL 7XWWL JOL VWUDQLHUL DELWDQR LQ YDUL /DJHU FKH DOOD %XQD IDQQR FRURQD LO /DJHU GHL SULJLRQLHUL GL JXHUUD LQJOHVLLO/DJHUGHOOHGRQQHXFUDLQHLO/DJHUGHLIUDQFHVLYRORQWDULHDOWULFKHQRLQRQ FRQRVFLDPR ,O QRVWUR /DJHU -XGHQODJHU 9HUQLFKWXQJVODJHU .D]HWW IRUQLVFH GD VROR O QRVW QRVWU GLHFLPLOD ODYRUDWRUL DYRUDWRUL FFKH YHQJRQR GD WXWWH OH QD]LRQL Gߞ(XURSD H QRL VLDPR JOL VFKLDYL GHJOLVFKLDYLDFXLWXWWLSRVVRQRFRPDQGDUHHLOQRVWURQRPH¨LOQXPHURFKHSRUWLDPR KLDYLDFXL WDWXDWRVXOEUDFFLRHFXFLWRVXOSHWWR RVXOEUDFFL &DUEXUR FKH VRUJH LQ PH]]R DOOD %XQD H OD FXL VRPPLW ¨ UDUDPHQWH /D 7RUUH GGHO &DU &D YLVLELOHLQPH]]RDOODQHEELDVLDPRQRLFKHOߞDEELDPRFRVWUXLWD,VXRLPDWWRQLVRQRVWDWL YLVLELOHLQ YLVLELOHLQP ]]RDOODQ ]RDOODQ FKLDPDWL=LHJHOEULTXHVWHJXODFHJOLNDPHQQ\EULFNVW©JODNHOߞRGLROLKDFHPHQWDWL FKLDPDW KLDP LHJHOEULTXH HJHOEULTXH OߞRGLR H OD GLVFRUG GLVFRUGLD FRPH OD 7RUUH GL %DEHOH H FRV QRL OD FKLDPLDPR %DEHOWXUP OߞRGL OߞRGLR %REHOWXUP RGLDPR LQ HVVD LO VRJQR GHPHQWH GL JUDQGH]]D GHL QRVWUL SDGURQL LO ORUR %R OWXUP WXUP H RG GLVSUH]]RGL'LRHGHJOLXRPLQLGLQRLXRPLQL VSUH]]RGL' ( RJJL RJJL DQFRUD FRV FRPH QHOOD IDYROD DQWLFD QRL WXWWL VHQWLDPR H L WHGHVFKL VWHVVL VHQWRQRFKHXQDPDOHGL]LRQHQRQWUDVFHQGHQWHHGLYLQDPDLPPDQHQWHHVWRULFDSHQGH VHQWRQR VXOOD LQVROHQWH FRPSDJLQH IRQGDWD VXOOD FRQIXVLRQH GHL OLQJXDJJL HG HUHWWD D VILGD GHO VXOOD FFLHORFRPHXQDEHVWHPPLDGLSLHWUD FL &RPH GLUHPR GDOOD IDEEULFD GL %XQD DWWRUQR D FXL SHU TXDWWUR DQQL L WHGHVFKL VL DGRSHUDURQR H LQ FXL QRL VRIIULPPR H PRULPPR LQQXPHUHYROL QRQ XVF PDL XQ FKLORJUDPPRGLJRPPDVLQWHWLFD 0DRJJLOHHWHUQHSR]]DQJKHUHVXFXLWUHPDXQYHORLULGDWRGLSHWUROLRULIOHWWRQRLO FLHOR VHUHQR 7XEL WUDYL FDOGDLH DQFRUD IUHGGL GHO JHOR GHOOD QRWWH VRQR JURQGDQWL GL UXJLDGD/DWHUUDVPRVVDGHJOLVFDYLLPXFFKLGLFDUERQHLEORFFKLGLFHPHQWRHVDODQR LQOLHYHQHEELDOߞXPLGLW GHOOߞLQYHUQR 2JJL ¨ XQD EXRQD JLRUQDWD &L JXDUGLDPR LQWRUQR FRPH FLHFKL FKH ULDFTXLVWLQR OD YLVWDHFLJXDUGLDPROߞXQOߞDOWUR1RQFLHUDYDPRPDLYLVWLDOVROHTXDOFXQRVRUULGH6H QRQIRVVHGHOODIDPH 3RLFK©WDOH¨ODQDWXUDXPDQDFKHOHSHQHHLGRORULVLPXOWDQHDPHQWHVRIIHUWLQRQVL VRPPDQR SHU LQWHUR QHOOD QRVWUD VHQVLELOLW PD VL QDVFRQGRQR L PLQRUL GLHWUR L PDJJLRULVHFRQGRXQDOHJJHSURVSHWWLFDGHILQLWD4XHVWR¨SURYYLGHQ]LDOHHFLSHUPHWWH GLYLYHUHLQFDPSR(G¨DQFKHTXHVWDODUDJLRQHSHUFXLFRVVSHVVRQHOODYLWDOLEHUDVL VHQWHGLUHFKHOߞXRPR¨LQFRQWHQWDELOHPHQWUHSLXWWRVWRFKHGLXQDLQFDSDFLW XPDQDSHU XQR VWDWR GL EHQHVVHUH DVVROXWR VL WUDWWD GL XQD VHPSUH LQVXIILFLHQWH FRQRVFHQ]D GHOOD QDWXUD FRPSOHVVD GHOOR VWDWR GL LQIHOLFLW SHU FXL DOOH VXH FDXVH FKH VRQR PROWHSOLFL H JHUDUFKLFDPHQWH GLVSRVWH VL G XQ VROR QRPH TXHOOR GHOOD FDXVD PDJJLRUH ILQR D FKH TXHVWDDEELDHYHQWXDOPHQWHDYHQLUPHQRHDOORUDFLVLVWXSLVFHGRORURVDPHQWHDOYHGHUH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
0DQRQVROWDQWRDFDXVDGHOVROHRJJL¨JLRUQRGLJLRLDDPH]]RJLRUQRXQDVRUSUHVD FLDWWHQGH2OWUHDOUDQFLRQRUPDOHGHOPDWWLQRWURYLDPRQHOODEDUDFFDXQDPHUDYLJOLRVD PDUPLWWDGDFLQTXDQWDOLWULGLTXHOOHGHOOD&XFLQDGL)DEEULFDTXDVLSLHQD7HPSOHUFL JXDUGDWULRQIDQWHTXHVWDlRUJDQL]]D]LRQH{¨RSHUDVXD 7HPSOHU¨OߞRUJDQL]]DWRUHXIILFLDOHGHOQRVWUR.RPPDQGRKDSHUOD]XSSDGHL&LYLOL XQDVHQVLELOLW VTXLVLWDFRPHOHDSLSHULILRUL,OQRVWUR.DSRFKHQRQ¨XQFDWWLYR.DSR JOLODVFLDPDQROLEHUDHFRQUDJLRQH7HPSOHUSDUWHVHJXHQGRSLVWHLPSHUFHWWLELOLFRPH ROLEHU ROLEHUD XQVHJXJLRHULWRUQDFRQODSUH]LRVDQRWL]LDFKHJOLRSHUDLSRODFFKLGHO0HWDQRORDGXH HULWRUQDF HULWRUQD FKLORPHWULGLTXLKDQQRDYDQ]DWRTXDUDQWDOLWULGL]XSSDSHUFK©VDSHYDGLUDQFLGRRFKH WULGLTXLKD ULGLTXLKD XQYDJRQHGLUDSHVWDLQFXVWRGLWRVXOELQDULRPRUWRGHOOD&XFLQDGL)DEEULFD JRQHGLUDS JRQHGLUDSH 2JJLLOLWULVRQRFLQTXDQWDHQRLVLDPRTXLQGLFL.DSRH9RUDUEHLWHUFRPSUHVL6RQR 2JJLLOLWUL QR 2JJLLOLWUL QR WUHOLWULDWHVWDXQRORDYUHPRDPH]]RJLRUQRROWUHDOUDQFLRQRUPDOHHSHUJOLDOWULGXH WUHOLWULDW WUHOLWULDWH XQRORD XQRORD DQGUHPR D WXUQR QHO SRPHULJJLR DOOD EDUDFFD H FL VDUDQQR HFFH]LRQDOPHQWH FRQFHVVL DQGUHPR QGUH FLQTXHPLQXWLGLVRVSHQVLRQHGHOODYRURSHUIDUHLOSLHQR FLQTX PLQXWLGLVR PLQXWLGLVRV &KHVLSRWUHEEHGHVLGHUDUHGLSLº"$QFKHLOODYRURFLSDUHOHJJHURFRQODSURVSHWWLYD KHVLSRWUHE HVLSRWUHE GHLGXHOLWULGHQVLHFDOGLFKHFLDWWHQGRQRQHOODEDUDFFD3HULRGLFDPHQWHYLHQHLO.DSR LGXHOLWULG IUDQRLHFKLDPDߙ:HUKDWQRFK]XIUHVVHQ" IUDQRLH IUDQRLHF 4XHVWR QRQ JL SHU GHULVLRQH R SHU VFKHUQR PD SHUFK© UHDOPHQWH TXHVWR QRVWUR 4XH 4XHV PDQJLDUH LQ SLHGL IXULRVDPHQWH VFRWWDQGRFL OD ERFFD H OD JROD VHQ]D LO WHPSR GL PDQJ UUHVSLUDUH ¨ lIUHVVHQ{ LO PDQJLDUH GHOOH EHVWLH H QRQ FHUWR lHVVHQ{ LO PDQJLDUH GHJOL UH XRPLQL VHGXWL GDYDQWL D XQ WDYROR UHOLJLRVDPHQWH l)UHVVHQ{ ¨ LO YRFDEROR SURSULR TXHOORFRPXQHPHQWHXVDWRIUDQRL 0HLVWHU 1RJDOOD DVVLVWH H FKLXGH XQ RFFKLR VXO QRVWUR DVVHQWDUFL GDO ODYRUR $QFKH 0HLVWHU 1RJDOOD KD OߞDULD GL DYHU IDPH H VH QRQ IRVVH GHOOH FRQYHQLHQ]H VRFLDOL IRUVH QRQULILXWHUHEEHXQOLWURGHOODQRVWUDEURGDFDOGD 9LHQH LO WXUQR GL 7HPSOHU D FXL FRQ SOHELVFLWDULR FRQVHQVR VRQR VWDWL GHVWLQDWL FLQTXH OLWUL SUHOHYDWL GDO IRQGR GHOOD PDUPLWWD &K© 7HPSOHU ROWUH D HVVHUH XQ EXRQ RUJDQL]]DWRUH ¨ XQ HFFH]LRQDOH PDQJLDWRUH GL ]XSSD H FRVD XQLFD ¨ LQ JUDGR GL VYXRWDUHOߞLQWHVWLQRYRORQWDULDPHQWHHSUHYHQWLYDPHQWHLQYLVWDGLXQSDVWRYROXPLQRVR LOFKHFRQWULEXLVFHDOODVXDFDSDFLW JDVWULFDVWXSHIDFHQWH 'LTXHVWRVXRGRQRHJOLYDJLXVWDPHQWHILHURHWXWWLDQFKH0HLVWHU1RJDOODQHVRQR DFRQRVFHQ]D$FFRPSDJQDWRGDOODJUDWLWXGLQHGLWXWWLLOEHQHIDWWRUH7HPSOHUVLFKLXGH SRFKLLVWDQWLQHOODODWULQDHVFHUDGLRVRHSURQWRHVLDYYLDIUDODJHQHUDOHEHQHYROHQ]DD JRGHUHLOIUXWWRGHOODVXDRSHUD ߙ1X7HPSOHUKDVWGX3ODW]JHQXJI¼UGLH6XSSHJHPDFKW" $O WUDPRQWR VXRQD OD VLUHQD GHO )HLHUDEHQG GHOOD ILQH GHO ODYRUR H SRLFK© VLDPR WXWWL DOPHQR SHU TXDOFKH RUD VD]L FRV QRQ VRUJRQR OLWLJL FL VHQWLDPR EXRQL LO .DSR QRQ VL LQGXFH D SLFFKLDUFL H VLDPR FDSDFL GL SHQVDUH DOOH QRVWUH PDGUL H DOOH QRVWUH PRJOLLOFKHGLVROLWRQRQDFFDGH3HUTXDOFKHRUDSRVVLDPRHVVHUHLQIHOLFLDOODPDQLHUD
FRQFDYR PD QRQ SX² GLVWUDUUH JOL RFFKL GD )LVFKHU FKH PDVWLFD OHQWR H PHWRGLFR GDO lIRUWXQDWR{FKHSRVVLHGHDQFRUDPH]]DUD]LRQHDOOHGLHFLGHOPDWWLQRߙߨVDFU©YHLQDUG YD
COPIA NON VENDIBILE
FKHGLHWURYHQߞ¨XQߞDOWUDHLQUHDOW XQDVHULHGLDOWUH 3HUFL² QRQ DSSHQD LO IUHGGR FKH SHU WXWWR OߞLQYHUQR FL HUD SDUVR OߞXQLFR QHPLFR ¨ FHVVDWR QRL FL VLDPR DFFRUWL GL DYHUH IDPH H ULSHWHQGR OR VWHVVR HUURUH FRV RJJL GLFLDPRl6HQRQIRVVHGHOODIDPHߨ{ 0DFRPHVLSRWUHEEHSHQVDUHGLQRQDYHUIDPH"LO/DJHU¨ODIDPHQRLVWHVVLVLDPROD IDPHIDPHYLYHQWH $OGLO GHOODVWUDGDODYRUDXQDGUDJD/DEHQQDVRVSHVDDLFDYLVSDODQFDOHPDVFHOOH GHQWDWHVLOLEUDXQDWWLPRFRPHHVLWDQWHQHOODVFHOWDSRLVLDYYHQWDDOODWHUUDDUJLOORVDH PRUELGDHD]]DQQDYRUDFHPHQWUHGDOODFDELQDGLFRPDQGRVDOHXQRVEXIIRVRGGLVIDWWR GLIXPRELDQFRHGHQVR3RLVLULDO]DIDXQPH]]RJLURYRPLWDDWHUJRLOERFFRQHGLFXL¨ JUDYHHULFRPLQFLD $SSRJJLDWL DOOH QRVWUH SDOH QRL VWLDPR D JXDUGDUH DIIDVFLQDWL $ RJQL PRUVR GHOOD EHQQD OH ERFFKH VL VRFFKLXGRQR L SRPL Gߞ$GDPR GDQ]DQR LQ VX H SRL LQ JLº PLVHUDPHQWHYLVLELOLVRWWRODSHOOHIORVFLD1RQULXVFLDPRDVYLQFRODUFLGDOORVSHWWDFROR GHOSDVWRGHOODGUDJD 6LJLKDGLFLDVVHWWHDQQLHGKDSLºIDPHGLWXWWLTXDQWXQTXHULFHYDRJQLVHUDXQSRߞGL ]XSSD GD XQ VXR SURWHWWRUH YHURVLPLOPHQWH QRQ GLVLQWHUHVVDWR $YHYD FRPLQFLDWR FRO SDUODUHGHOODVXDFDVDGL9LHQQDHGLVXDPDGUHPDSRL¨VFLYRODWRQHOWHPDGHOODFXFLQD HRUDUDFFRQWDVHQ]DILQHGLQRQVRFKHSUDQ]RQX]LDOHHULFRUGDFRQJHQXLQRULPSLDQWR GLQRQDYHUILQLWRLOWHU]RSLDWWRGL]XSSDGLIDJLROL(WXWWLORIDQQRWDFHUHHQRQSDVVDQR GLHFLPLQXWLFKH%©ODFLGHVFULYHODVXDFDPSDJQDXQJKHUHVHHLFDPSLGLJUDQRWXUFRH RH H XQDULFHWWDSHUIDUHODSROHQWDGROFHFRQODPHOLJDWRVWDWDHLOODUGRHOHVSH]LHHߨH HߨH YLHQHPDOHGHWWRLQVXOWDWRHFRPLQFLDXQWHU]RDUDFFRQWDUHߨ &RPH ¨ GHEROH OD QRVWUD FDUQH ,R PL UHQGR FRQWR DSSLHQR GL TXDQWR VLDQR VLDQR YDQH YDQ TXHVWHIDQWDVLHGLIDPHPDQRQPLSRVVRVRWWUDUUHDOODOHJJHFRPXQHHPLGDQ]DGDYDQWL LGDQ]DGD LGDQ]DGDY DJOLRFFKLODSDVWDDVFLXWWDFKHDYHYDPRDSSHQDFXFLQDWD9DQGD/XFLDQD)UDQFRHGLR DQD)UDQFR QD)UDQFR LR LQ ,WDOLD DO FDPSR GL VPLVWDPHQWR TXDQGR FL ¨ JLXQWD D XQ WUDWWR UDWWR DWWR OD QRWL]LD QQR LD D FKH DOOߞLQGRPDQL VDUHPPR SDUWLWL SHU YHQLUH TXL H VWDYDPR PDQJLDQGROD DQGROD HUD HUD FRV V EXRQD JLDOODVROLGD HDEELDPRVPHVVRQRLVFLRFFKLQRLLQVHQVDWLVHDYHVVLPRVDSXWR(VHFL HDYHVVLPR SXWR(VHF HDYHVVLPR GRYHVVHVXFFHGHUHXQߞDOWUDYROWDߨ$VVXUGRVHXQDFRVD¨FHUWDDOPRQGR¨EHQHTXHVWD HUWDDOPRQ ¨EHQHTXH ¨EHQHTXH FKHQRQFLVXFFHGHU XQߞDOWUDYROWD )LVFKHUOߞXOWLPRDUULYDWRFDYDGLWDVFDXQLQYROWRFRQIH]LRQDWRFRQODPLQX]LDGHJOL LQ LQX XQJKHUHVLHGHQWURFߞ¨PH]]DUD]LRQHGLSDQHODPHW GHOSDQHGLVWDPDWWLQDEHQQRWR FKH VROR L *URVVL 1XPHUL FRQVHUYDQR LQ WDVFD LO ORUR SDQH QHVVXQR GL QRL DQ]LDQL ¨ LQ JUDGRGLVHUEDUHLOSDQHSHUXQߞRUD9DULHWHRULHFLUFRODQRSHUJLXVWLILFDUHTXHVWDQRVWUD LQFDSDFLW LO SDQH PDQJLDWR D SRFR SHU YROWD QRQ VL DVVLPLOD GHO WXWWR OD WHQVLRQH QHUYRVD QHFHVVDULD SHU FRQVHUYDUH LO SDQH DYHQGR IDPH VHQ]D LQWDFFDUOR ¨ QRFLYD H GHELOLWDQWH LQ DOWR JUDGR LO SDQH FKH GLYLHQH UDIIHUPR SHUGH UDSLGDPHQWH LO VXR YDORUH DOLPHQWDUHSHUFXLTXDQWRSULPDYLHQHLQJHULWRWDQWRSLºULVXOWDQXWULHQWH$OEHUWRGLFH FKH OD IDPH H LO SDQH LQ WDVFD VRQR DGGHQGL GL VHJQR FRQWUDULR FKH VL HOLGRQR DXWRPDWLFDPHQWHDYLFHQGDHQRQSRVVRQRFRHVLVWHUHQHOORVWHVVRLQGLYLGXRLSLºLQILQH DIIHUPDQR JLXVWDPHQWH FKH OR VWRPDFR ¨ OD FDVVDIRUWH SLº VLFXUD FRQWUR L IXUWL H OH HVWRUVLRQLߙ0RLRQPߞDMDPDLVYRO©PRQSDLQߙULQJKLD'DYLGEDWWHQGRVLORVWRPDFR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
GHJOLXRPLQLOLEHUL
TESTO PER STUDIO UNITO
IO D U E T S BIL I R D E P EN O V T N S TE NO
TESTO PER STUDIO UNITO
$YHYDPRXQDLQFRUUHJJLELOHWHQGHQ]DDYHGHUHLQRJQLDYYHQLPHQWRXQVLPERORHXQ VHJQR 'D RUPDL VHWWDQWD JLRUQL VL IDFHYD DWWHQGHUH LO :¤VFKHWDXVFKHQ FKH ¨ OD FHULPRQLD GHO FDPEL FDPELR GHOOD ELDQFKHULD H JL FLUFRODYD LQVLVWHQWH OD YRFH FKH PDQFDYD FDPE ELDQFKHULDGLULFDPELRSHUFK©DFDXVDGHOOߞDYDQ]DUHGHOIURQWHHUDSUHFOXVDDLWHGHVFKL GLULFDPE GLULFDPELR ODSRVVLELOLW GLIDUHDIIOXLUHDG$XVFKZLW]QXRYLWUDVSRUWLHlSHUFL²{ODOLEHUD]LRQHHUD ELOLW GLIDUH SURVVLPD SDUDOOHODPHQWH OD LQWHUSUHWD]LRQH RSSRVWD FKH LO ULWDUGR QHO FDPELR HUD LPD H SDUD VHJQRVLFXURGLXQDSURVVLPDLQWHJUDOHOLTXLGD]LRQHGHOFDPSR,QYHFHLOFDPELRYHQQH JQRVLFXURG QD QD H FRPH DO VROLWR OD GLUH]LRQH GHO /DJHU SRVH RJQL FXUD SHUFK© DYYHQLVVH LPSURYYLVDPHQWHHDGXQWHPSRLQWXWWHOHEDUDFFKH LPSUR LPSURYY PHQWHHDG %LVRJQDVDSHUHLQIDWWLFKHLQ/DJHUODVWRIIDPDQFDHG¨SUH]LRVDHFKHOߞXQLFRPRGR %L JQDVDSHUHL FKHQRLDEELDPRGLSURFXUDUFLXQRVWUDFFLRSHUQHWWDUFLLOQDVRRXQDSH]]DGDSLHGL¨ FK QRLDEELDPR RLDEELDPR DSSXQWRTXHOORGLWDJOLDUHXQOHPERGLFDPLFLDDOPRPHQWRGHOFDPELR6HODFDPLFLDKD SXQWRTXHO SXQWRTXHOO PDQLFKH OXQJKH VL WDJOLDQR OH PDQLFKH VH QR FL VL DFFRQWHQWD GL XQ UHWWDQJROR GDO OH PDQLFK PDQLFKH IRQGRRVLVFXFHXQDGHOOHQXPHURVHUDSSH]]DWXUH,QRJQLFDVRRFFRUUHXQFHUWRWHPSR IRQGR IRQGRR SHU SSURFXUDUVL DJR H ILOR H SHU HVHJXLUH OߞRSHUD]LRQH FRQ TXDOFKH DUWH LQ PRGR FKH LO SHU JJXDVWR QRQ VLD WURSSR HYLGHQWH DOOߞDWWR GHOOD FRQVHJQD /D ELDQFKHULD VSRUFD H ODFHUD JX SDVVD DOOD ULQIXVD DOOD 6DUWRULD GHO FDPSR GRYH YLHQH VRPPDULDPHQWH UDSSH]]DWD LQGL DOOD GLVLQIH]LRQH D YDSRUH QRQ DO ODYDJJLR H YLHQH SRL ULGLVWULEXLWD GD FL² SHU VDOYDJXDUGDUH OD ELDQFKHULD XVDWD GDOOH DFFHQQDWH PXWLOD]LRQL OD QHFHVVLW GL IDUH DYYHQLUHLFDPELQHOPRGRSLºLPSURYYLVR 0D VHPSUH FRPH DO VROLWR QRQ VL ¨ SRWXWR HYLWDUH FKH TXDOFKH VJXDUGR VDJDFH SHQHWUDVVHVRWWRLOWHORQHGHOFDUURFKHXVFLYDGDOODGLVLQIH]LRQHLQPRGRFKHLQSRFKL PLQXWL LO FDPSR KD VDSXWR GHOOߞLPPLQHQ]D GL XQ :¤VFKHWDXVFKHQ H SHU JLXQWD FKH TXHVWD YROWD VL WUDWWDYD GL FDPLFLH QXRYH SURYHQLHQWL GD XQ WUDVSRUWR GL XQJKHUHVL DUULYDWRWUHJLRUQLID /DQRWL]LDKDDYXWRLPPHGLDWDULVRQDQ]D7XWWLLGHWHQWRULDEXVLYLGLVHFRQGHFDPLFLH UXEDWHRGRUJDQL]]DWHRPDJDULRQHVWDPHQWHFRPSHUDWHFRQSDQHSHUULSDUDUVLGDOIUHGGR R SHU LQYHVWLUH FDSLWDOH LQ XQ PRPHQWR GL SURVSHULW VL VRQR SUHFLSLWDWL DOOD %RUVD VSHUDQGR GL DUULYDUH LQ WHPSR D ULVFDPELDUH FRQ JHQHUL GL FRQVXPR OD ORUR FDPLFLD GL ULVHUYDSULPDFKHOߞRQGDWDGHOOHFDPLFLHQXRYHRODFHUWH]]DGHOORURDUULYRVYDOXWDVVHUR LUUHSDUDELOPHQWHLOSUH]]RGHOOߞDUWLFROR /D%RUVD¨DWWLYLVVLPDVHPSUH%HQFK©RJQLVFDPELRDQ]LRJQLIRUPDGLSRVVHVVR VLD HVSOLFLWDPHQWH SURLELWR H EHQFK© IUHTXHQWL UDVWUHOODPHQWL GL .DSRV R %ORFN¤OWHVWH WUDYROJDQRDLQWHUYDOOLLQXQߞXQLFDIXJDPHUFDQWLFOLHQWLHFXULRVLWXWWDYLDQHOOߞDQJROR QRUGHVW GHO /DJHU VLJQLILFDWLYDPHQWH OߞDQJROR SLº ORQWDQR GDOOH EDUDFFKH GHOOH 66
$OGLTXDGHOEHQHHGHOPDOH
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
IO D U E T S BIL I R D E P EN V N O
LOTXDOH¨XIILFLDOPHQWHLQYHQGLWDDOOD.DQWLQHLQSDFFKHWWLGDFLQTXDQWDJUDPPLFRQWUR YHUVDPHQWRGHLlEXRQLSUHPLR{FKHOD%XQDGRYUHEEHGLVWULEXLUHDLPLJOLRULODYRUDWRUL 7DOH GLVWULEX]LRQH DYYLHQH LUUHJRODUPHQWH FRQ JUDQGH SDUVLPRQLD H SDOHVH LQLTXLW LQ PRGR FKH OD PDVVLPD SDUWH GHL EXRQL ILQLVFRQR GLUHWWDPHQWH R SHU DEXVR GL DXWRULW QHOOHPDQLGHL.DSRVHGHLSURPLQHQWLWXWWDYLDLEXRQLSUHPLRGHOOD%XQDFLUFRODQRVXO PHUFDWRGHO/DJHULQIXQ]LRQHGLPRQHWDHLOORURYDORUH¨YDULDELOHLQVWUHWWDREEHGLHQ]D DOOHOHJJLGHOOߞHFRQRPLDFODVVLFD &LVRQRVWDWLSHULRGLLQFXLSHULOEXRQRSUHPLRVL¨SDJDWDXQDUD]LRQHGLSDQHSRL XQDHXQTXDUWRDQFKHXQDHXQWHU]RXQJLRUQR¨VWDWRTXRWDWRXQDUD]LRQHHPH]]DPD SRL ¨ YHQXWR PHQR LO ULIRUQLPHQWR GL 0DKRUFD DOOD .DQWLQH H DOORUD PDQFDQGR OD FRSHUWXUD OD PRQHWD PRQHWD ¨ SUHFLSLWDWD GL FROSR D XQ TXDUWR GL UD]LRQH VXFFHVVR XQ DOWUR SHULRGRGLULDO]RGRYXWRDXQDVLQJRODUHUDJLRQHLOFDPELRGHOODJXDUGLDDO)UDXHQEORFN ULDO]RGRYX LDO]RGRY FRQDUULYRGLXQFRQWLQJHQWHGLUREXVWHUDJD]]HSRODFFKH,QIDWWLSRLFK©LOEXRQRSUHPLR YRGLXQFRQ ¨ YDOLGR H L SROLWLFL QRQ SHU JOL HEUHL L TXDOL GߞDOWURQGH QRQ VRIIURQR LGR GR SHU L FULPLQDOL F GHOODOLPLWD]LRQH SHUXQLQJUHVVRDO)UDXHQEORFNJOLLQWHUHVVDWLQHKDQQRIDWWDDWWLYDH OODOLPLWD]LR S UDSLGDLQFHWWDGRQGHODULYDOXWD]LRQHFKHSHUDOWURQRQHEEHOXQJDGXUDWD UDSLGDLQF UDSLGDLQFH GRQGHOD )UDLFRPXQL+¤IWOLQJHQRQVRQRPROWLTXHOOLFKHULFHUFDQRLO0DKRUFDSHUIXPDUOR )U )UDL PXQL+¤IWOL SHUVRQDOPHQWHSHUORSLºHVVRHVFHGDOFDPSRHILQLVFHDLODYRUDWRULFLYLOLGHOOD%XQD SHUVR PHQWHSHUO TXHVWRXQRVFKHPDGLlNRPELQDFMD{DVVDLGLIIXVROR+¤IWOLQJHFRQRPL]]DWDLQTXDOFKH TX RXQRVFKHP PRGRXQDUD]LRQHGLSDQHODLQYHVWHLQ0DKRUFDVLPHWWHFDXWDPHQWHLQFRQWDWWRFRQXQ RGRXQDUD] lDPDWRUH{FLYLOHFKHDFTXLVWDLO0DKRUFDHIIHWWXDQGRLOSDJDPHQWRDFRQWDQWLFRQXQD lDPDWRUH{ GRVHGLSDQHVXSHULRUHDTXHOODLQL]LDOPHQWHVWDQ]LDWD/R+¤IWOLQJVLPDQJLDLOPDUJLQH GRVHGL GRVHGL JXDGDJQR H ULPHWWH LQ FLFOR OD UD]LRQH FKH DYDQ]D 6SHFXOD]LRQL GL TXHVWR JHQHUH GL J GL JX VVWDELOLVFRQRXQOHJDPHIUDOߞHFRQRPLDLQWHUQDGHO/DJHUHODYLWDHFRQRPLFDGHOPRQGR VW HVWHUQR TXDQGR ¨ YHQXWD DFFLGHQWDOPHQWH D PDQFDUH OD GLVWULEX]LRQH GHO WDEDFFR DOOD SRSROD]LRQH FLYLOH GL &UDFRYLD LO IDWWR VXSHUDQGR OD EDUULHUD GL ILOR VSLQDWR FKH FL VHJUHJDGDOFRQVRU]LRXPDQRKDDYXWRLPPHGLDWDULSHUFXVVLRQHLQFDPSRSURYRFDQGR XQQHWWRULDO]RGHOODTXRWD]LRQHGHO0DKRUFDHTXLQGLGHOEXRQRSUHPLR ,O FDVR VRSUD GHOLQHDWR QRQ ¨ FKH LO SLº VFKHPDWLFR XQ DOWUR JL SLº FRPSOHVVR ¨ LO VHJXHQWH/R+¤IWOLQJDFTXLVWDPHGLDQWH0DKRUFDRSDQHRPDJDULRWWLHQHLQGRQRGD XQFLYLOHXQTXDOXQTXHDERPLQHYROHODFHURVSRUFRFHQFLRGLFDPLFLDLOTXDOHVLDSHU² WXWWRUDSURYYLVWRGLWUHIRULDGDWWLDSDVVDUYLEHQHRPDOHOHEUDFFLDHLOFDSR3XUFK©QRQ SRUWL FKH VHJQL GL XVXUD H QRQ GL PXWLOD]LRQL DUWLILFLRVDPHQWH IDWWH XQ WDOH RJJHWWR DOOߞDWWR GHO :¤VFKHWDXVFKHQ ¨ YDOLGR FRPH FDPLFLD H G GLULWWR DO FDPELR WXWWߞDO SLº FROXLFKHORHVLELVFHSRWU ULFHYHUHXQߞDGHJXDWDGRVHGLFROSLSHUDYHUSRVWRFRVSRFD FXUDQHOFRQVHUYDUHJOLLQGXPHQWLGLRUGLQDQ]D 3HUFL² DOOߞLQWHUQR GHO /DJHU QRQ Yߞ¨ JUDQGH GLIIHUHQ]D GL YDORUH IUD XQD FDPLFLD GHJQD GL WDO QRPH H XQR VWUDFFLR SLHQR GL WRSSH OR +¤IWOLQJ GL FXL VRSUD QRQ DYU GLIILFROW D WURYDUH XQ FRPSDJQR LQ SRVVHVVR GL XQD FDPLFLD LQ VWDWR FRPPHUFLDELOH H FKHQRQSRVVDYDORUL]]DUODSHUFK©SHUUDJLRQLGLXELFD]LRQHGLODYRURRGLOLQJXDJJLRR GL LQWULQVHFD LQFDSDFLW QRQ ¨ LQ UHOD]LRQH FRQ ODYRUDWRUL FLYLOL 4XHVWߞXOWLPR VL DFFRQWHQWHU GL XQ PRGHVWR TXDQWLWDWLYR GL SDQH SHU DFFHWWDUH LO FDPELR LQIDWWL LO SURVVLPR:¤VFKHWDXVFKHQULVWDELOLU LQFHUWRPRGRLOOLYHOODPHQWRULSDUWHQGRELDQFKHULD
COPIA NON VENDIBILE
QRQDSSHQDOHVTXDGUHVRQRULHQWUDWHGDOODYRURVLHGHLQSHUPDQHQ]DXQDVVHPEUDPHQWR WXPXOWXRVRDOOߞDSHUWRGߞHVWDWHGHQWURXQODYDWRLRGߞLQYHUQR 4XLVLDJJLUDQRDGHFLQHFROOHODEEUDVRFFKLXVHHJOLRFFKLULOXFHQWLLGLVSHUDWLGHOOD IDPH FKH XQ LVWLQWR IDOODFH VSLQJH FRO GRYH OH PHUFDQ]LH HVLELWH UHQGRQR SLº DFUH LO URGLPHQWRGHOORVWRPDFRHSLºDVVLGXDODVDOLYD]LRQH6RQRPXQLWLQHOPLJOLRUHGHLFDVL GHOODPLVHUDPH]]DUD]LRQHGLSDQHFKHFRQVIRU]RGRORURVRKDQQRULVSDUPLDWRILQGDO PDWWLQR QHOOD VSHUDQ]D LQVHQVDWD FKH VL SUHVHQWL OߞRFFDVLRQH GL XQ EDUDWWR YDQWDJJLRVR FRQ TXDOFKH LQJHQXR LJQDUR GHOOH TXRWD]LRQL GHO PRPHQWR $OFXQL GL TXHVWL FRQ VHOYDJJLD SD]LHQ]D DFTXLVWDQR FROOD PH]]D UD]LRQH XQ OLWUR GL ]XSSD FKH DSSDUWDWLVL VRWWRSRQJRQRDOODPHWRGLFDHVWUD]LRQHGHLSRFKLSH]]LGLSDWDWDJLDFHQWLVXOIRQGRFL² IDWWRODULVFDPELDQRFRQSDQHHLOSDQHFRQXQQXRYROLWURGDGHQDWXUDUHHTXHVWRILQRD HVDXULPHQWR GHL QHUYL R ILQR D FKH TXDOFKH GDQQHJJLDWR FROWLOL VXO IDWWR QRQ LQIOLJJD ORUR XQD VHYHUD OH]LRQH HVSRQHQGROL DOOD GHULVLRQH SXEEOLFD $OOD VWHVVD VSHFLH DSSDUWHQJRQR FRORUR FKH YHQJRQR LQ %RUVD D YHQGHUH OD ORUR XQLFD FDPLFLD HVVL EHQ VDQQRTXHOORFKHDFFDGU DOODSURVVLPDRFFDVLRQHTXDQGRLO.DSRFRQVWDWHU FKHVRQR QXGLVRWWRODJLDFFD,O.DSRFKLHGHU ORURFKHFRVDKDQQRIDWWRGHOODFDPLFLD¨XQDSXUD GRPDQGD UHWRULFD XQD IRUPDOLW XWLOH VROWDQWR SHU HQWUDUH LQ DUJRPHQWR /RUR ULVSRQGHUDQQR FKH OD FDPLFLD ¨ VWDWD UXEDWD QHO ODYDWRLR DQFKH TXHVWD ULVSRVWD ¨ GL SUDPPDWLFDHQRQSUHWHQGHGLHVVHUHFUHGXWDLQIDWWLDQFKHOHSLHWUHGHO/DJHUVDQQRFKH QRYDQWDQRYHYROWHVXFHQWRFKLQRQKDFDPLFLDVHOD¨YHQGXWDSHUIDPHHFKHGHOUHVWR GHOODSURSULDFDPLFLDVL¨UHVSRQVDELOLSHUFK©HVVDDSSDUWLHQHDO/DJHU$OORUDLO.DSROL ROL SHUFXRWHU YHUU ORURDVVHJQDWDXQߞDOWUDFDPLFLDHSUHVWRRWDUGLULFRPLQFHUDQQR &LDVFXQR QHO VXR DQJROR FRQVXHWR VWD]LRQDQR LQ %RUVD L PHUFDQWL GL SURIHVVLRQH VVLRQH VVLRQH SULPLIUDTXHVWLLJUHFLLPPRELOLHVLOHQ]LRVLFRPHVILQJLDFFRYDFFLDWLDWHUUDGLHWURDOOH DGLHWU DOOH DOO JDPHOOH GL ]XSSD GHQVD IUXWWR GHO ORUR ODYRUR GHOOH ORUR FRPELQD]LRQL QL H GHOOD GHOOD ORUR VROLGDULHW QD]LRQDOH , JUHFL VRQR RUPDL ULGRWWL D SRFKLVVLPL PD KDQQR DQQR SRUWDWR SRUWD XQ FRQWULEXWR GL SULPߞRUGLQH DOOD ILVLRQRPLD GHO FDPSR HG DO JHUJR LQWHUQD]LRQDOH FKH YL QWHUQD]LRQ QWHUQD]LRQD FLUFROD7XWWLVDQQRFKHlFDUDYDQD{¨ODJDPHOODHFKHlODFRPHGHUDHVEXHQD{YXROGLUH GHUDHVEXH GHUDHVEXHQ YXROGLUH FKHOD]XSSD¨EXRQDLOYRFDERORFKHHVSULPHOߞLGHDJHQHULFDGLIXUWR¨lNOHSVLNOHSVL{ GLIXUWR¨l HSVLNOHSVL{ GLHYLGHQWHRULJLQHJUHFD4XHVWLSRFKLVXSHUVWLWLGHOODFRORQLDHEUDLFDGL6DORQLFFRGDO QLDHEUDLFD 6DORQLFFR GXSOLFHOLQJXDJJLRVSDJQRORHGHOOHQLFRHGDOOHPROWHSOLFLDWWLYLW VRQRLGHSRVLWDULGL DWWLYLW YLW LGHSRV LGHSRVL XQDFRQFUHWDWHUUHQDFRQVDSHYROHVDJJH]]DLQFXLFRQIOXLVFRQROHWUDGL]LRQLGLWXWWHOH QL G FLYLOW PHGLWHUUDQHH&KHTXHVWDVDJJH]]DVLULVROYDLQFDPSRFRQODSUDWLFDVLVWHPDWLFDH VFLHQWLILFDGHOIXUWRHGHOOߞDVVDOWRDOOHFDULFKHHFRQLOPRQRSROLRGHOOD%RUVDGHLEDUDWWL QRQ GHYH IDU GLPHQWLFDUH FKH OD ORUR ULSXJQDQ]D GDOOD EUXWDOLW JUDWXLWD OD ORUR VWXSHIDFHQWHFRVFLHQ]DGHOVXVVLVWHUHGLXQDDOPHQRSRWHQ]LDOHGLJQLW XPDQDIDFHYDQR GHLJUHFLLQ/DJHULOQXFOHRQD]LRQDOHSLºFRHUHQWHHVRWWRTXHVWLDVSHWWLSLºFLYLOH 3XRLWURYDUHLQ%RUVDJOLVSHFLDOL]]DWLLQIXUWLDOODFXFLQDFRQOHJLDFFKHVROOHYDWHGD PLVWHULRVLULJRQIL0HQWUHSHUOD]XSSDHVLVWHXQSUH]]RSUHVVRFK©VWDELOHPH]]DUD]LRQH GLSDQHSHUXQOLWUR ODTXRWD]LRQHGHOOHUDSHFDURWHSDWDWH¨HVWUHPDPHQWHFDSULFFLRVD H GLSHQGH IRUWHPHQWH IUD DOWUL IDWWRUL DQFKH GDOOD GLOLJHQ]D H GDOOD FRUUXWWLELOLW GHL JXDUGLDQLGLWXUQRDLPDJD]]LQL 6LYHQGHLO0DKRUFDLO0DKRUFD¨XQWDEDFFRGLVFDUWRLQIRUPDGLVFKHJJHOHJQRVH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
IO D U E T S BIL I R D E P EN V N O
ORURUDSSRUWLLOOHFLWLFRQ+¤IWOLQJH7DOHVH]LRQH¨VHSDUDWDGDOUHVWRGHOFDPSRPHGLDQWH XQ ILOR VSLQDWR H VL FKLDPD (/DJHU HG (+¤IWOLQJH VH QH FKLDPDQR JOL RVSLWL l({ ¨ OߞLQL]LDOHGLl(U]LHKXQJ{FKHVLJQLILFDlHGXFD]LRQH{ 7XWWH OH FRPELQD]LRQL ILQRUD GHOLQHDWH VRQR IRQGDWH VXO FRQWUDEEDQGR GL PDWHULDOH DSSDUWHQHQWH DO /DJHU 3HU TXHVWR OH 66 VRQR FRV ULJRURVH QHO UHSULPHUOR OߞRUR VWHVVR GHLQRVWULGHQWL¨GLORURSURSULHW SRLFK©VWUDSSDWRGDOOHPDVFHOOHGHLYLYLRGHLPRUWL WXWWR ILQLVFH SUHVWR R WDUGL QHOOH ORUR PDQL GXQTXH QDWXUDOH FKH HVVH VL DGRSHULQR DIILQFK©OߞRURQRQHVFDGDOFDPSR 0D FRQWUR LO IXUWR LQ V© OD GLUH]LRQH GHO FDPSR QRQ KD DOFXQD SUHYHQ]LRQH /R GLPRVWUD OߞDWWHJJLDPHQWR GL DPSLD FRQQLYHQ]D PDQLIHVWDWR GDOOH 66 QHL ULJXDUGL GHO FRQWUDEEDQGRLQYHUVR QYHUV 4XL OH FRVH VRQR SLº VHPSOLFL 6L WUDWWD GL UXEDUH R ULFHWWDUH TXDOFXQR RVH JHQHUDOPHQWH JHQHUD JHQHU GHJOL VYDULDWL XWHQVLOL PDWHULDOL SURGRWWL HFF FRL TXDOL YHQLDPR YDULDWL DWWUH]]L DWWU TXRWLGLDQDPHQWHLQFRQWDWWRLQ%XQDSHUUDJLRQLGLODYRURLQWURGXUORLQFDPSRODVHUD GLDQDPHQWH WURYDUH FOLHQWH RYDUH YDUH LO FOLH FOL H HG HIIHWWXDUH LO EDUDWWR FRQWUR SDQH R ]XSSD 4XHVWR WUDIILFR ¨ LQWHQVLVVLPR SHU FHUWL LQWHQVLVVLP FHUWL DUWLFROL FKH SXUH VRQR QHFHVVDUL DOOD YLWD QRUPDOH GHO /DJHU TXHVWDGHOIXUWRLQ%XQD¨OߞXQLFDHUHJRODUHYLDGLDSSURYYLJLRQDPHQWR7LSLFLLFDVL TXHVW TXHVWDG IXUWRLQ%X GHOOHVFRSHGHOODYHUQLFHGHOILORHOHWWULFRGHOJUDVVRGDVFDUSH9DOJDFRPHHVHPSLRLO GHOOH GHOOH RSHGHOODY WUDIILFRGLTXHVWߞXOWLPDPHUFH WUD FRGLTXHVWߞ RGLTXHVWߞ &RPH DEELDPR DOWURYH DFFHQQDWR LO UHJRODPHQWR GHO FDPSR SUHVFULYH FKH RJQL DEE PDWWLQDOHVFDUSHYHQJDQRXQWHHOXFLGDWHHRJQL%ORFN¤OWHVWHU¨UHVSRQVDELOHGLIURQWH PDWWLQDOH PDWWLQDOH DOOH66GHOOߞRWWHPSHUDQ]DDOODGLVSRVL]LRQHGDSDUWHGLWXWWLJOLXRPLQLGHOODVXDEDUDFFD DOOH66 DOOH66 SRWUHEEH TXLQGL SHQVDUH FKH RJQL EDUDFFD JRGD GL XQD SHULRGLFD DVVHJQD]LRQH GL 6L S 6L JUDVVRGDVFDUSHPDFRVQRQ¨LOPHFFDQLVPR¨XQDOWUR2FFRUUHSUHPHWWHUHFKHRJQL J JU EDUDFFD ULFHYH D VHUD XQߞDVVHJQD]LRQH GL ]XSSD FKH ¨ DOTXDQWR SLº DOWD GHOOD VRPPD GHOOHUD]LRQLUHJRODPHQWDULLOGLSLºYLHQHULSDUWLWRVHFRQGROߞDUELWULRGHO%ORFN¤OWHVWHULO TXDOH QH ULFDYD LQ SULPR OXRJR JOL RPDJJL SHU L VXRL DPLFL H SURWHWWL LQ VHFRQGR L FRPSHQVLGRYXWLDJOLVFRSLQLDOOHJXDUGLHQRWWXUQHDLFRQWUROORULGHLSLGRFFKLHDWXWWLJOL DOWUL IXQ]LRQDULSURPLQHQWL GHOOD EDUDFFD 4XHOOR FKH DQFRUD DYDQ]D H RJQL DFFRUWR %ORFN¤OWHVWHUIDVFKHVHPSUHQHDYDQ]L VHUYHSUHFLVDPHQWHSHUJOLDFTXLVWL ,O UHVWR VL LQWHQGH TXHJOL +¤IWOLQJH D FXL FDSLWD LQ %XQD OߞRFFDVLRQH GL ULHPSLUVL OD JDPHOOD GL JUDVVR RG ROLR GD PDFFKLQD R DQFKH DOWUR TXDOXQTXH VRVWDQ]D QHUDVWUD H XQWXRVD VL FRQVLGHUD ULVSRQGHQWH DOOR VFRSR JLXQWL DOOD VHUD LQ FDPSR IDQQR VLVWHPDWLFDPHQWHLOJLURGHOOHEDUDFFKHILQFK©WURYDQRLO%ORFN¤OWHVWHUFKH¨VSURYYLVWR GHOOߞDUWLFRORRLQWHQGHIDUQHVFRUWD'HOUHVWRRJQLEDUDFFDKDSHUORSLºLOVXRIRUQLWRUH DELWXDOHFROTXDOH¨VWDWRSDWWXLWRXQFRPSHQVRILVVRJLRUQDOLHURDFRQGL]LRQHFKHHJOL IRUQLVFDLOJUDVVRRJQLYROWDFKHODULVHUYDVWLDSHUHVDXULUVL 7XWWH OH VHUH DFFDQWR DOOH SRUWH GHL 7DJHVU¤XPH VWD]LRQDQR SD]LHQWHPHQWH L FDSDQQHOOLGHLIRUQLWRULIHUPLLQSLHGLSHURUHHRUHVRWWRODSLRJJLDRODQHYHSDUODQR FRQFLWDWDPHQWHVRWWRYRFHGLTXHVWLRQLUHODWLYHDOOHYDULD]LRQLGHLSUH]]LHGHOYDORUHGHO EXRQRSUHPLR2JQLWDQWRTXDOFXQRVLVWDFFDGDOJUXSSRIDXQDEUHYHYLVLWDLQ%RUVDH WRUQDFRQOHXOWLPHQRWL]LH 2OWUH D TXHOOL JL QRPLQDWL LQQXPHUHYROL VRQR JOL DUWLFROL UHSHULELOL LQ %XQD FKH
COPIA NON VENDIBILE
EXRQD R FDWWLYD LQ PDQLHUD SHUIHWWDPHQWH FDVXDOH 0D LO SULPR +¤IWOLQJ SRWU FRQWUDEEDQGDUH LQ %XQD OD FDPLFLD EXRQD H YHQGHUOD DO FLYLOH GL SULPD R DG XQ DOWUR TXDOXQTXH SHUTXDWWURVHLILQRDGLHFLUD]LRQLGLSDQH4XHVWRFRVHOHYDWRPDUJLQHGL JXDGDJQR ULVSHFFKLD OD JUDYLW GHO ULVFKLR GL XVFLUH GDO FDPSR FRQ SLº GL XQD FDPLFLD LQGRVVRRGLULHQWUDUYLVHQ]DFDPLFLD 0ROWHVRQROHYDULD]LRQLVXTXHVWRWHPD&ߞ¨FKLQRQHVLWDDIDUVLHVWUDUUHOHFRSHUWXUH GߞRURGHLGHQWLSHUYHQGHUOHLQ%XQDFRQWURSDQHRWDEDFFRPD¨SLºFRPXQHLOFDVRFKH WDOH WUDIILFR DEELD OXRJR SHU LQWHUSRVWD SHUVRQD 8Q lJURVVR QXPHUR{ YDOH D GLUH XQ QXRYRDUULYDWRJLXQWRGDSRFRPDJL DVXIILFLHQ]DDEEUXWLWRGDOODIDPHHGDOODWHQVLRQH HVWUHPDGHOODYLWDLQFDPSRYLHQHQRWDWRGDXQlSLFFRORQXPHUR{SHUTXDOFKHVXDULFFD SURWHVLGHQWDULDLOlSLFFROR{RIIUHDOlJURVVR{WUHRTXDWWURUD]LRQLGLSDQHLQFRQWDQWL SHUVRWWRSRUVLDOOߞHVWUD]LRQH6HLOJURVVRDFFHWWDLOSLFFRORSDJDVLSRUWDOߞRURLQ%XQD HVH¨LQFRQWDWWRFRQXQFLYLOHGLILGXFLDGDOTXDOHQRQFLVLDQRGDWHPHUHGHOD]LRQLR UDJJLULSX²UHDOL]]DUHVHQ]ߞDOWURXQJXDGDJQRGLGLHFLILQRDYHQWLHSLºUD]LRQLFKHJOL YHQJRQR FRUULVSRVWH JUDGXDOPHQWH XQD R GXH DO JLRUQR 1RWLDPR D WDOH SURSRVLWR FKH FRQWUDULDPHQWHDTXDQWRDYYLHQHLQ%XQDTXDWWURUD]LRQLGLSDQHFRVWLWXLVFRQROߞLPSRUWR PDVVLPR GHJOL DIIDUL FKH VL FRQFOXGRQR HQWUR LO FDPSR SHUFK© TXLYL VDUHEEH SUDWLFDPHQWH LPSRVVLELOH VLD VWLSXODUH FRQWUDWWL D FUHGLWR VLD SUHVHUYDUH GDOOD FXSLGLJLD DOWUXLHGDOODIDPHSURSULDXQDTXDQWLW VXSHULRUHGLSDQH ,OWUDIILFRFRLFLYLOL¨XQHOHPHQWRFDUDWWHULVWLFRGHOOߞ$UEHLWVODJHUHFRPHVL¨YLVWR QH GHWHUPLQD OD YLWD HFRQRPLFD GߞDOWURQGH XQ UHDWR HVSOLFLWDPHQWH FRQWHPSODWR GDO UHJRODPHQWR GHO FDPSR H DVVLPLODWR DL UHDWL lSROLWLFL{ YLHQH SHUFL² SXQLWR R FRQ SDUWLFRODUHVHYHULW /R+¤IWOLQJFRQYLQWRGLl+DQGHOPLW=LYLOLVWHQ{VHQRQGLVSRQHGL RQHG RQHGL DSSRJJLLQIOXHQWLILQLVFHD*OHLZLW],,,D-DQLQDD+HLGHEUHFNDOOHPLQLHUHGLFDUERQH GLFDU RQH RQH LOFKHVLJQLILFDODPRUWHSHUHVDXULPHQWRQHOJLURGLSRFKHVHWWLPDQH,QROWUHORVWHVVR ROWUHORV ROWUHORVWH ODYRUDWRUHFLYLOHVXRFRPSOLFHSX²YHQLUHGHQXQ]LDWRDOODFRPSHWHQWHDXWRULW WHGHVFDH DXWRULW WHGH XWRULW WHGH D FRQGDQQDWRDWUDVFRUUHUHLQ9HUQLFKWXQJVODJHUQHOOHVWHVVHQRVWUHFRQGL]LRQLXQSHULRGR RQGL]LRQLXQ QGL]LRQLX HULRGR YDULDELOHDTXDQWRPLFRQVWDGDLTXLQGLFLJLRUQLDJOLRWWRPHVL*OLRSHUDLDFXLYLHQH *OLRSHUD FXLYLHQH *OLRSHUDL DSSOLFDWRTXHVWRJHQHUHGLFRQWUDSSDVVRYHQJRQRFRPHQRLVSRJOLDWLDOOߞLQJUHVVRPDL VSRJOLDWLDOO JUHVVRPD ORURHIIHWWLSHUVRQDOLYHQJRQRFRQVHUYDWLLQXQDSSRVLWRPDJD]]LQR1RQYHQJRQRWDWXDWL JD]]LQR1R YHQJRQRWDWX YHQJRQRWDW HFRQVHUYDQRLORURFDSHOOLLOFKHOLUHQGHIDFLOPHQWHULFRQRVFLELOLPDSHUWXWWDODGXUDWD FLELOLP LOL WXWWDOD WXWWDOD GHOODSXQL]LRQHVRQRVRWWRSRVWLDOORVWHVVRQRVWURODYRURHDOODQRVWUDGLVFLSOLQDHVFOXVH LQ LQD EHQLQWHVROHVHOH]LRQL /DYRUDQR LQ .RPPDQGRV SDUWLFRODUL H QRQ KDQQR FRQWDWWL GL DOFXQ JHQHUH FRQ L FRPXQL +¤IWOLQJH ,QIDWWL SHU ORUR LO /DJHU FRVWLWXLVFH XQD SXQL]LRQH HG HVVL VH QRQ PRUUDQQRGLIDWLFDRGLPDODWWLDKDQQRPROWHSUREDELOLW GLULWRUQDUHIUDJOLXRPLQLVH SRWHVVHURFRPXQLFDUHFRQQRLFL²FRVWLWXLUHEEHXQDEUHFFLDQHOPXURFKHFLUHQGHPRUWL DOPRQGRHGXQRVSLUDJOLRVXOPLVWHURFKHUHJQDIUDJOLXRPLQLOLEHULLQWRUQRDOODQRVWUD FRQGL]LRQH 3HU QRL LQYHFH LO /DJHU QRQ ¨ XQD SXQL]LRQH SHU QRL QRQ ¨ SUHYLVWR XQ WHUPLQHHLO/DJHUDOWURQRQ¨FKHLOJHQHUHGLHVLVWHQ]DDQRLDVVHJQDWRVHQ]DOLPLWLGL WHPSRLQVHQRDOOߞRUJDQLVPRVRFLDOHJHUPDQLFR 8QDVH]LRQHGHOQRVWURVWHVVRFDPSR¨GHVWLQDWDDSSXQWRDLODYRUDWRULFLYLOLGLWXWWHOH QD]LRQDOLW FKHGHYRQRVRJJLRUQDUYLSHUXQWHPSRSLºRPHQROXQJRLQHVSLD]LRQHGHL
TESTO PER STUDIO UNITO
N
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
LQYLWDUH LO OHWWRUH D ULIOHWWHUH FKH FRVD SRWHVVHUR VLJQLILFDUH LQ /DJHU OH QRVWUH SDUROH lEHQH{HlPDOH{lJLXVWR{HlLQJLXVWR{JLXGLFKLRJQXQRLQEDVHDOTXDGURFKHDEELDPR GHOLQHDWRHDJOLHVHPSLVRSUDHVSRVWLTXDQWRGHOQRVWURFRPXQHPRQGRPRUDOHSRWHVVH VXVVLVWHUHDOGLTXDGHOILORVSLQDWR
IO D U E T S BIL I R D E P EN V N O
SRVVRQR HVVHUH XWLOL DO %ORFN R JUDGLWL DO %ORFN¤OWHVWHU R VXVFLWDUH OߞLQWHUHVVH R OD FXULRVLW GHLSURPLQHQWL/DPSDGLQHVSD]]ROHVDSRQHFRPXQHHSHUEDUEDOLPHSLQ]H VDFFKL FKLRGL VL VPHUFLD OߞDOFRRO PHWLOLFR EXRQR SHU IDUQH EHYHUDJJL H OD EHQ]LQD EXRQDSHULUXGLPHQWDOLDFFLDULQLSURGLJLGHOOߞLQGXVWULDVHJUHWDGHJOLDUWLJLDQLGHO/DJHU ,Q TXHVWD FRPSOHVVD UHWH GL IXUWL H FRQWURIXUWL DOLPHQWDWL GDOOD VRUGD RVWLOLW IUD L FRPDQGL66HOHDXWRULW FLYLOLGHOOD%XQDXQDIXQ]LRQHGLSULPߞRUGLQH¨HVSOLFDWDGDO .D%H ,O .D%H ¨ LO OXRJR GL PLQRU UHVLVWHQ]D OD YDOYROD GD FXL SLº IDFLOPHQWH VL SRVVRQRHYDGHUHLUHJRODPHQWLHGHOXGHUHODVRUYHJOLDQ]DGHLFDSL7XWWLVDQQRFKHVRQR JOLLQIHUPLHULVWHVVLTXHOOLFKHULODQFLDQRVXOPHUFDWRDEDVVRSUH]]RJOLLQGXPHQWLHOH VFDUSHGHLPRUWLHGHLVHOH]LRQDWLFKHSDUWRQRQXGLSHU%LUNHQDXVRQRJOLLQIHUPLHULHL PHGLFLFKHHVSRUWDQRLQ%XQDLVXOIDPLGLFLGLDVVHJQD]LRQHYHQGHQGROLDLFLYLOLFRQWUR JHQHULDOLPHQWDUL *OLLQIHUPLHULSRLWUDJJRQRLQJHQWHJXDGDJQRGDOWUDIILFRGHLFXFFKLDL,O/DJHUQRQ IRUQLVFH FXFFKLDLR DL QXRYL DUULYDWL EHQFK© OD ]XSSD VHPLOLTXLGD QRQ SRVVD YHQLU FRQVXPDWDDOWULPHQWL,FXFFKLDLYHQJRQRIDEEULFDWLLQ%XQDGLQDVFRVWRHQHLULWDJOLGL WHPSR GDJOL +¤IWOLQJH FKH ODYRUDQR FRPH VSHFLDOL]]DWL LQ .RPPDQGRV GL IDEEUL H ODWWRQLHUL VL WUDWWD GL UR]]L H PDVVLFFL DUQHVL ULFDYDWL GD ODPLHUH ODYRUDWH D PDUWHOOR VSHVVR FRO PDQLFR DIILODWR LQ PRGR FKH VHUYD LQ SDUL WHPSR GD FROWHOOR SHU DIIHWWDUH LO SDQH,IDEEULFDQWLVWHVVLOLYHQGRQRGLUHWWDPHQWHDLQXRYLDUULYDWLXQFXFFKLDLRVHPSOLFH YDOHPH]]DUD]LRQHXQFXFFKLDLRFROWHOORWUHTXDUWLGLUD]LRQHGLSDQH2UD¨OHJJHFKH LQ.D%HVLSRVVDHQWUDUHFROFXFFKLDLRQRQSHU²XVFLUQH$LJXDULWLDOOߞDWWRGHOULODVFLR FLR HSULPDGHOODYHVWL]LRQHLOFXFFKLDLRYLHQHVHTXHVWUDWRGDJOLLQIHUPLHULHGDORURULPHVVR PHVVR LQ YHQGLWD VXOOD %RUVD $JJLXQJHQGR DL FXFFKLDL GHL JXDULWL TXHOOL GHL PRUWL H GHL GH VHOH]LRQDWLJOLLQIHUPLHULYHQJRQRDSHUFHSLUHRJQLJLRUQRLOULFDYDWRGHOODYHQGLWDGLXQD QGLWD XQD QGLWDG XQ FLQTXDQWLQDGLFXFFKLDL3HUFRQWURLGHJHQWLULODVFLDWLVRQRFRVWUHWWLDULHQWUDUHDOODYRUR QWUDUHDOOD QWUDUHDOODY FROOR VYDQWDJJLR LQL]LDOH GL PH]]D UD]LRQH GL SDQH GD VWDQ]LDUVL SHU U OߞDFTXLVWR GL XQ QXRYRFXFFKLDLR ,QILQHLO.D%H¨LOSULQFLSDOHFOLHQWHHULFHWWDWRUHGHLIXUWLFRQVXPDWLLQ%XQDGHOOD RQVXPDWLL XQDGHOOD RQVXPDWLLQ ]XSSDGHVWLQDWDDO.D%HEHQYHQWLOLWULRJQLJLRUQRVRQRSUHYHQWLYDWLFRPHIRQGRIXUWL YHQWLYDWLFR HIRQGRIXUWL HIRQGRIXUW SHU OߞDFTXLVWR GDJOL VSHFLDOLVWL GHJOL DUWLFROL SLº VYDULDWL &ߞ¨ FKL UXED UX WXER VRWWLOH VRWWLOH GL JRPPDFKHYLHQHXWLOL]]DWRLQ.D%HSHUJOLHQWHURFOLVPLHOHVRQGHJDVWULFKHFKLYLHQH HVRQG RQG LFKHFK LFKHFKL D RIIULUH PDWLWH H LQFKLRVWUL FRORUDWL ULFKLHVWL SHU OD FRPSOLFDWD FRQWDELOLW GHOOD GH IXUHULD GHO GHO.D%HHWHUPRPHWULHYHWUHULDHUHDJHQWLFKLPLFLFKHHVFRQRGDLPDJD]]LQLGHOOD %XQD QHOOH WDVFKH GHJOL +¤IWOLQJH H WURYDQR LPSLHJR QHOOߞLQIHUPHULD FRPH PDWHULDOH VDQLWDULR (QRQYRUUHLSHFFDUHGLLPPRGHVWLDDJJLXQJHQGRFKH¨VWDWDQRVWUDGL$OEHUWRHPLD OߞLGHDGLUXEDUHLURWROLGLFDUWDPLOOLPHWUDWDGHLWHUPRJUDILGHO5HSDUWR(VVLFFD]LRQHHGL RIIULUOLDO0HGLFR&DSRGHO.D%HVXJJHUHQGRJOLGLLPSLHJDUOLVRWWRIRUPDGLPRGXOLSHU LGLDJUDPPLSROVRWHPSHUDWXUD ,Q FRQFOXVLRQH LO IXUWR LQ %XQD SXQLWR GDOOD 'LUH]LRQH FLYLOH ¨ DXWRUL]]DWR H LQFRUDJJLDWRGDOOH66LOIXUWRLQFDPSRUHSUHVVRVHYHUDPHQWHGDOOH66¨FRQVLGHUDWRGDL FLYLOL XQD QRUPDOH RSHUD]LRQH GL VFDPELR LO IXUWR IUD +¤IWOLQJH YLHQH JHQHUDOPHQWH SXQLWRPDODSXQL]LRQHFROSLVFHFRQXJXDOHJUDYLW LOODGURHLOGHUXEDWR9RUUHPPRRUD
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
IO D U E T S BIL I R D E P EN O V T N S TE NO
COPIA NON VENDIBILE
,VRPPHUVLHLVDOYDWL
4XHVWDGLFXLDEELDPRGHWWRHGLUHPR¨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¨TXDQWRGLSLºULJRURVRXQR XQR QR VSHULPHQWDWRUH DYUHEEH SRWXWR LVWLWXLUH SHU VWDELOLUH FKH FRVD VLD HVVHQ]LDOH H FKH H FRVD DFTXLVLWRQHOFRPSRUWDPHQWRGHOOߞDQLPDOHXRPRGLIURQWHDOODORWWDSHUODYLWD 1RL QRQ FUHGLDPR DOOD SLº RYYLD H IDFLOH GHGX]LRQH FKH OߞXRPR OߞXRPR ߞXRPR VLD VL IRQGDPHQWDOPHQWHEUXWDOHHJRLVWDHVWROWRFRPHVLFRPSRUWDTXDQGRRJQLVRYUDVWUXWWXUD LVRYUDVWUX LVRYUDVWUXW FLYLOH VLD WROWD H FKH OR l+¤IWOLQJ{ QRQ VLD GXQTXH FKH OߞXRPR VHQ]D LQLEL]LRQL 1R 1RL ]D D LQLEL]LRQ SHQVLDPR SLXWWRVWR FKH TXDQWR D TXHVWR QXOOߞDOWUR VL SX² FRQFOXGHUH XGHUH GHUH VH QRQ Q QR FKH GL IURQWHDOELVRJQRHDOGLVDJLRILVLFRDVVLOODQWLPROWHFRQVXHWXGLQLHPROWLLVWLQWLVRFLDOL QLHPROWL QWLVRFLDOL QLHPROWLL VRQRULGRWWLDOVLOHQ]LR &L SDUH LQYHFH GHJQR GL DWWHQ]LRQH TXHVWR IDWWR YLHQH LQ OXFH FKH FK HVLVWRQR IUD IUD JOL XRPLQLGXHFDWHJRULHSDUWLFRODUPHQWHEHQGLVWLQWHLVDOYDWLHLVRPPHUVL$OWUHFRSSLHGL LVRPP RP $OWUHFR $OWUHFRS FRQWUDUL L EXRQL H L FDWWLYL L VDYL H JOL VWROWL L YLOL H L FRUDJJLRVL L GLVJUD]LDWL H L JU IRUWXQDWL VRQR DVVDL PHQR QHWWH VHPEUDQR PHQR FRQJHQLWH H VRSUDWWXWWR DPPHWWRQR JUDGD]LRQLLQWHUPHGLHSLºQXPHURVHHFRPSOHVVH 4XHVWD GLYLVLRQH ¨ PROWR PHQR HYLGHQWH QHOOD YLWD FRPXQH LQ TXHVWD QRQ DFFDGH VSHVVRFKHXQXRPRVLSHUGDSHUFK©QRUPDOPHQWHOߞXRPRQRQ¨VRORHQHOVXRVDOLUHH QHOVXRGLVFHQGHUH¨OHJDWRDOGHVWLQRGHLVXRLYLFLQLSHUFXL¨HFFH]LRQDOHFKHTXDOFXQR FUHVFDVHQ]DOLPLWLLQSRWHQ]DRGLVFHQGDFRQFRQWLQXLW GLVFRQILWWDLQVFRQILWWDILQRDOOD URYLQD ,QROWUH RJQXQR SRVVLHGH GL VROLWR ULVHUYH WDOL VSLULWXDOL ILVLFKH H DQFKH SHFXQLDULH FKH OߞHYHQWR GL XQ QDXIUDJLR GL XQD LQVXIILFLHQ]D GDYDQWL DOOD YLWD DVVXPH XQD DQFKH PLQRUH SUREDELOLW 6L DJJLXQJD DQFRUD FKH XQD VHQVLELOH D]LRQH GL VPRU]DPHQWR ¨ HVHUFLWDWD GDOOD OHJJH H GDO VHQVR PRUDOH FKH ¨ OHJJH LQWHUQD YLHQH LQIDWWLFRQVLGHUDWRWDQWRSLºFLYLOHXQSDHVHTXDQWRSLºVDYLHHGHIILFLHQWLYLVRQRTXHOOH
COPIA NON VENDIBILE
OHJJL FKH LPSHGLVFRQR DO PLVHUR GL HVVHUH WURSSR PLVHUR H DO SRWHQWH GL HVVHUH WURSSR SRWHQWH 0D LQ /DJHU DYYLHQH DOWULPHQWL TXL OD ORWWD SHU VRSUDYYLYHUH ¨ VHQ]D UHPLVVLRQH SHUFK© RJQXQR ¨ GLVSHUDWDPHQWH IHURFHPHQWH VROR 6H XQ TXDOXQTXH 1XOO $FKW]HKQ YDFLOOD QRQ WURYHU FKL JOL SRUJD XQD PDQR EHQV TXDOFXQR FKH OR DEEDWWHU D ODWR SHUFK© QHVVXQR KD LQWHUHVVH D FKH XQ lPXVVXOPDQR{ GL SLº VL WUDVFLQL RJQL JLRUQR DO ODYRUR H VH TXDOFXQR FRQ XQ PLUDFROR GL VHOYDJJLD SD]LHQ]D H DVWX]LD WURYHU XQD QXRYD FRPELQD]LRQH SHU GHILODUVL GDO ODYRUR SLº GXUR XQD QXRYD DUWH FKH JOL IUXWWL TXDOFKHJUDPPRGLSDQHFHUFKHU GLWHQHUQHVHJUHWRLOPRGRHGLTXHVWRVDU VWLPDWRH ULVSHWWDWR H QH WUDUU XQ VXR HVFOXVLYR SHUVRQDOH JLRYDPHQWR GLYHQWHU SLº IRUWH H SHUFL²VDU WHPXWRHFKL¨WHPXWR¨LSVRIDFWRXQFDQGLGDWRDVRSUDYYLYHUH PXWRH 1HOODVWRULDHQHOODYLWDSDUHWDOYROWDGLGLVFHUQHUHXQDOHJJHIHURFHFKHVXRQDlDFKL RULDHQHOO RULDHQHOOD KDVDU GDWRDFKLQRQKDDTXHOORVDU WROWR{1HO/DJHUGRYHOߞXRPR¨VRORHODORWWD GDWRDFKLQ SHU OD ULGXFH DO VXR PHFFDQLVPR SULPRUGLDOH OD OHJJH LQLTXD ¨ DSHUWDPHQWH LQ D YLWD VL ULG YLJRUH¨ULFRQRVFLXWDGDWXWWL&RQJOLDGDWWLFRQJOLLQGLYLGXLIRUWLHDVWXWLLFDSLVWHVVL JRUH¨ULFRQ FLX PDQWHQJRQR YROHQWLHUL YROHQWLHUL PDQWHQJRQ ROHQWLHUL FRQWDWWL WDORUD TXDVL FDPHUDWHVFKL SHUFK© VSHUDQR GL SRWHUQH IRUVH SLº WDUGL TTXDOFKH XWLOLW 0D DL PXVVXOPDQL DJOL XRPLQL LQ GLVVROYLPHQWR WUDUUH IR WUDUUH QRQ YDOH H OD SHQD GL ULYROJHUH OD SDUROD SRLFK© JL VL VD FKH VL ODPHQWHUHEEHUR H UDFFRQWHUHEEHURTXHOORFKHPDQJLDYDQRDFDVDORUR7DQWRPHQRYDOHODSHQDGLIDUVHQH UD QWHUHEEHUR GHJOLDPLFLSHUFK©QRQKDQQRLQFDPSRFRQRVFHQ]HLOOXVWULQRQPDQJLDQRQLHQWHH[WUD JOLDPLFLS UD]LRQHQRQODYRUDQRLQ.RPPDQGRVYDQWDJJLRVLHQRQFRQRVFRQRQHVVXQPRGRVHJUHWR UD]LRQHQ UD]LRQHQR GLRUJDQL]]DUH(LQILQHVLVDFKHVRQRTXLGLSDVVDJJLRHIUDTXDOFKHVHWWLPDQDQRQQH GLRUJD GLRUJDQ ULPDUU FKH XQ SXJQR GL FHQHUH LQ TXDOFKH FDPSR QRQ ORQWDQR H VX XQ UHJLVWUR XQ ULP ULPD QQXPHUR GL PDWULFROD VSXQWDWR %HQFK© LQJOREDWL H WUDVFLQDWL VHQ]D UHTXLH GDOOD IROOD QX LQQXPHUHYROH GHL ORUR FRQVLPLOL HVVL VRIIURQR H VL WUDVFLQDQR LQ XQD RSDFD LQWLPD VROLWXGLQHHLQVROLWXGLQHPXRLRQRRVFRPSDLRQRVHQ]DODVFLDUWUDFFLDQHOODPHPRULDGL QHVVXQR ,OULVXOWDWRGLTXHVWRVSLHWDWRSURFHVVRGLVHOH]LRQHQDWXUDOHVLVDUHEEHSRWXWROHJJHUH QHOOH VWDWLVWLFKH GHO PRYLPHQWR GHL /DJHU $G $XVFKZLW] QHOOߞDQQR GHL YHFFKL SULJLRQLHULHEUHLGHJOLDOWULQRQGLUHPRTXLFK©DOWUHHUDQROHORURFRQGL]LRQL lNOHLQH 1XPPHU{ SLFFROL QXPHUL LQIHULRUL DO FHQWRFLQTXDQWDPLOD SRFKH FHQWLQDLD VRSUDYYLYHYDQR QHVVXQR GL TXHVWL HUD XQ FRPXQH +¤IWOLQJ YHJHWDQWH QHL FRPXQL .RPPDQGRVHSDJRGHOODQRUPDOHUD]LRQH5HVWDYDQRVRORLPHGLFLLVDUWLLFLDEDWWLQLL PXVLFLVWL L FXRFKL L JLRYDQL DWWUDHQWL RPRVHVVXDOL JOL DPLFL R FRPSDHVDQL GL TXDOFKH DXWRULW GHO FDPSR LQROWUH LQGLYLGXL SDUWLFRODUPHQWH VSLHWDWL YLJRURVL H LQXPDQL LQVHGLDWLVL LQ VHJXLWR D LQYHVWLWXUD GD SDUWH GHO FRPDQGR GHOOH 66 FKH LQ WDOH VFHOWD GLPRVWUDYDQR GL SRVVHGHUH XQD VDWDQLFD FRQRVFHQ]D XPDQD QHOOH FDULFKH GL .DSR GL %ORFN¤OWHVWHURDOWUHHLQILQHFRORURFKHSXUVHQ]DULYHVWLUHSDUWLFRODULIXQ]LRQLSHUOD ORUR DVWX]LD HG HQHUJLD IRVVHUR VHPSUH ULXVFLWL D RUJDQL]]DUH FRQ VXFFHVVR RWWHQHQGR FRVROWUHDOYDQWDJJLRPDWHULDOHHDOODUHSXWD]LRQHDQFKHLQGXOJHQ]DHVWLPDGDSDUWH GHL SRWHQWL GHO FDPSR &KL QRQ VD GLYHQWDUH XQ 2UJDQLVDWRU .RPELQDWRU 3URPLQHQW WUXFH HORTXHQ]D GHL WHUPLQL ILQLVFH LQ EUHYH PXVVXOPDQR 8QD WHU]D YLD HVLVWH QHOOD YLWDGRYH¨DQ]LODQRUPDQRQHVLVWHLQFDPSRGLFRQFHQWUDPHQWR
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
6FKHSVFKHOYLYHLQ/DJHUGDTXDWWURDQQL6L¨YLVWLPRULUHLQWRUQRGHFLQHGLPLJOLDLD GLVXRLVLPLOLDSDUWLUHGDOSRJURPFKHORKDFDFFLDWRGDOVXRYLOODJJLRLQ*DOL]LD$YHYD PRJOLH H FLQTXH ILJOL H XQ SURVSHUR QHJR]LR GL VHOODLR PD GD PROWR WHPSR VL ¨ GLVDELWXDWR GDO SHQVDUH D V© DOWULPHQWL FKH FRPH D XQ VDFFR FKH GHYH HVVHUH SHULRGLFDPHQWH ULHPSLWR 6FKHSVFKHO QRQ ¨ PROWR UREXVWR Q© PROWR FRUDJJLRVR Q© PROWR PDOYDJLR QRQ ¨ QHSSXUH SDUWLFRODUPHQWH DVWXWR H QRQ KD PDL WURYDWR XQD VLVWHPD]LRQH FKH JOL FRQFHGD XQ SRߞ GL UHVSLUR PD ¨ ULGRWWR DJOL HVSHGLHQWL VSLFFLROL H
IO D U E T S BIL I R D E P EN O V T N S TE NO
RSSUHVVL FKH VL XQLVFRQR VH QRQ QHO UHVLVWHUH DOPHQR QHO VRSSRUWDUH 1RQ HVFOXGLDPR FKHFL²SRVVDDYYHQLUHTXDQGROߞRSSUHVVLRQHQRQVXSHULXQFHUWROLPLWHRIRUVHTXDQGR OߞRSSUHVVRUH SHU LQHVSHULHQ]D R SHU PDJQDQLPLW OR WROOHUL R OR IDYRULVFD 0D FRQVWDWLDPRFKHDLQRVWULJLRUQLLQWXWWLLSDHVLLQFXLXQSRSRORVWUDQLHURKDSRVWRSLHGH GDLQYDVRUHVL¨VWDELOLWDXQDDQDORJDVLWXD]LRQHGLULYDOLW HGLRGLRIUDJOLDVVRJJHWWDWLH FL² FRPH PROWL DOWUL IDWWL XPDQL VL ¨ SRWXWR FRJOLHUH LQ /DJHU FRQ SDUWLFRODUH FUXGD HYLGHQ]D 6XL SURPLQHQWL QRQ HEUHL Fߞ¨ PHQR GD GLUH EHQFK© IRVVHUR GL JUDQ OXQJD L SLº QXPHURVL QHVVXQR +¤IWOLQJ lDULDQR{ HUD SULYR GL XQD FDULFD VLD SXUH PRGHVWD &KH VLDQRVWDWLVWROLGLHEHVWLDOL¨QDWXUDOHDFKLSHQVLFKHSHUORSLºHUDQRFULPLQDOLFRPXQL VFHOWL GDOOH FDUFHUL LQ YLVWD DSSXQWR GHO ORUR LPSLHJR FRPH VRYULQWHQGHQWL QHL UFHUL WHGHVFKH WWH FDPSL SHU HEUHL H ULWHQLDPR FKH IRVVH TXHVWD XQD VFHOWD EHQ DFFXUDWD SHUFK© FL U ULILXWLDPR FUHGHUH FKH JOL VTXDOOLGL HVHPSODUL XPDQL FKH QRL YHGHPPR DOOߞRSHUD PR R GL FUHGHU UDSSUHVHQWLQR XQ FDPSLRQH PHGLR QRQ FKH GHL WHGHVFKL LQ JHQHUH DQFKH VROWDQWR GHL HVHQWLQR XQ GHWHQXWL WHQXWL WHGHVFKL WHGHVF LQ WHGHV L VSHFLH SLº GLIILFLOH VSLHJDUVL FRPH LQ $XVFKZLW] L SURPLQHQWL LQ SROLWLFLWHGHVFKLSRODFFKLHUXVVLULYDOHJJLDVVHURLQEUXWDOLW FRQLUHLFRPXQL0D¨QRWR SROLWLFLWHG SROLWLFLWHGH KLSRODFF LSRODFF FKHLQ*HUPDQLDODTXDOLILFDGLUHDWRSROLWLFRVLDSSOLFDYDDQFKHDGDWWLTXDOLLOWUDIILFR FKHLQ FKHLQ* PDQLDODTX FODQGHVWLQRLUDSSRUWLLOOHFLWLFRQHEUHHLIXUWLDGDQQRGLIXQ]LRQDULGHO3DUWLWR,SROLWLFL FODQG LQRLUDSSR lYHUL{ lY { YLYHYDQR YLYHYDQR H PRULYDQR LQ DOWUL FDPSL GDO QRPH RUPDL WULVWHPHQWH IDPRVR LQ FRQGL]LRQLQRWRULDPHQWHGXULVVLPHPDVRWWRPROWLDVSHWWLGLYHUVHGDTXHOOHTXLGHVFULWWH QGL]LRQLQR 0DROWUHDLIXQ]LRQDULSURSULDPHQWHGHWWLYL¨XQDYDVWDFDWHJRULDGLSULJLRQLHULFKH 0DROW 0DROWU IDYRULWL LQL]LDOPHQWH GDO GHVWLQR ORWWDQR FRQ OH VROH ORUR IRU]H SHU VRSUDYYLYHUH QRQ IDY %LVRJQDULVDOLUHODFRUUHQWHGDUHEDWWDJOLDRJQLJLRUQRHRJQLRUDDOODIDWLFDDOODIDPHDO %LVR IIUHGGR H DOOD LQHU]LD FKH QH GHULYD UHVLVWHUH DL QHPLFL H QRQ DYHU SLHW SHU L ULYDOL IU DJX]]DUH Oߞ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¨ VWDWR FRQFHVVR FKH D SRFKLVVLPL LQGLYLGXL VXSHULRULGHOODVWRIIDGHLPDUWLULHGHLVDQWL ,Q TXDQWL PRGL VL SRVVD GXQTXH UDJJLXQJHUH OD VDOYD]LRQH QRL FHUFKHUHPR GL GLPRVWUDUHUDFFRQWDQGROHVWRULHGL6FKHSVFKHO$OIUHG/(OLDVH+HQUL
COPIA NON VENDIBILE
6RFFRPEHUH¨ODFRVDSLºVHPSOLFHEDVWDHVHJXLUHWXWWLJOLRUGLQLFKHVLULFHYRQRQRQ PDQJLDUHFKHODUD]LRQHDWWHQHUVLDOODGLVFLSOLQDGHOODYRURHGHOFDPSR/ߞHVSHULHQ]DKD GLPRVWUDWRFKHVRORHFFH]LRQDOPHQWHVLSX²LQTXHVWRPRGRGXUDUHSLºGLWUHPHVL7XWWLL PXVVXOPDQLFKHYDQQRLQJDVKDQQRODVWHVVDVWRULDRSHUPHJOLRGLUHQRQKDQQRVWRULD KDQQRVHJXLWRLOSHQGLRILQRDOIRQGRQDWXUDOPHQWHFRPHLUXVFHOOLFKHYDQQRDOPDUH (QWUDWLLQFDPSRSHUORURHVVHQ]LDOHLQFDSDFLW RSHUVYHQWXUDRSHUXQTXDOVLDVLEDQDOH LQFLGHQWH VRQR VWDWL VRSUDIIDWWL SULPD GL DYHU SRWXWR DGHJXDUVL VRQR EDWWXWL VXO WHPSR QRQFRPLQFLDQRDLPSDUDUHLOWHGHVFRHDGLVFHUQHUHTXDOFRVDQHOOߞLQIHUQDOHJURYLJOLRGL OHJJLHGLGLYLHWLFKHTXDQGRLOORURFRUSR¨JL LQVIDFHORHQXOODOLSRWUHEEHSLºVDOYDUH GDOODVHOH]LRQHRGDOODPRUWHSHUGHSHULPHQWR/DORURYLWD¨EUHYHPDLOORURQXPHUR¨ VWHUPLQDWR VRQR ORUR L 0XVHOP¤QQHU L VRPPHUVL LO QHUER GHO FDPSR ORUR OD PDVVD DQRQLPD FRQWLQXDPHQWH ULQQRYDWD H VHPSUH LGHQWLFD GHL QRQXRPLQL FKH PDUFLDQR H IDWLFDQR LQ VLOHQ]LR VSHQWD LQ ORUR OD VFLQWLOOD GLYLQD JL WURSSR YXRWL SHU VRIIULUH YHUDPHQWH6LHVLWDDFKLDPDUOLYLYLVLHVLWDDFKLDPDUPRUWHODORURPRUWHGDYDQWLDFXL HVVLQRQWHPRQRSHUFK©VRQRWURSSRVWDQFKLSHUFRPSUHQGHUOD (VVL SRSRODQR OD PLD PHPRULD GHOOD ORUR SUHVHQ]D VHQ]D YROWR H VH SRWHVVL UDFFKLXGHUHLQXQDLPPDJLQHWXWWRLOPDOHGHOQRVWURWHPSRVFHJOLHUHLTXHVWDLPPDJLQH FKHPL¨IDPLOLDUHXQXRPRVFDUQRGDOODIURQWHFKLQDHGDOOHVSDOOHFXUYHVXOFXLYROWR HQHLFXLRFFKLQRQVLSRVVDOHJJHUHWUDFFLDGLSHQVLHUR 6HLVRPPHUVLQRQKDQQRVWRULDHXQDVRODHDPSLD¨ODYLDGHOODSHUGL]LRQHOHYLH GHOODVDOYD]LRQHVRQRLQYHFHPROWHDVSUHHGLPSHQVDWH /D YLD PDHVWUD FRPH DEELDPR DFFHQQDWR ¨ OD 3URPLQHQ] l3URPLQHQWHQ{ Q{ VL FKLDPDQR L IXQ]LRQDUL GHO FDPSR D SDUWLUH GDO GLUHWWRUH+¤IWOLQJ /DJHU¤OWHVWHU WHU DDL .DSRVDLFXRFKLDJOLLQIHUPLHULDOOHJXDUGLHQRWWXUQHILQRDJOLVFRSLQLGHOOHEDUDFFKHH HEDUDF KH H DJOL 6FKHLVVPLQLVWHU H %DGHPHLVWHU VRYUDLQWHQGHQWL DOOH ODWULQH H DOOH OH H GRFFH GRFFH 3Lº VSHFLDOPHQWH LQWHUHVVDQR TXL L SURPLQHQWL HEUHL SRLFK© PHQWUH JOL OL DOWUL YHQLYDQR YHQ DQR LQYHVWLWL GHJOL LQFDULFKL DXWRPDWLFDPHQWH DO ORUR LQJUHVVR LQ FDPSR R LQ YLUWº GHOOD G D ORUR VXSUHPD]LDQDWXUDOHJOLHEUHLGRYHYDQRLQWULJDUHHORWWDUHGXUDPHQWHSHURWWHQHUOL HQWHSHURWW UOL HQWHSHURWWH , SURPLQHQWL HEUHL FRVWLWXLVFRQR XQ WULVWH H QRWHYROH IHQRPHQR HQRPHQR XPDQR X QR ,Q ORUR FRQYHUJRQR OH VRIIHUHQ]H SUHVHQWL SDVVDWH H DWDYLFKH H OD WUDGL]LRQH H OߞHGXFD]LRQH OߞHGXFD]LRQH ߞHGXFD]LRQH GL RVWLOLW YHUVRORVWUDQLHURSHUIDUQHPRVWULGLDVRFLDOLW HGLLQVHQVLELOLW VHQVLEL QVLE (VVL VRQR LO WLSLFR SURGRWWR GHOOD VWUXWWXUD GHO /DJHU WHGHVFR VL RIIUD D DG D DOFXQL LQGLYLGXL LQ VWDWR GL VFKLDYLWº XQD SRVL]LRQH SULYLOHJLDWD XQ FHUWR DJLR H XQD EXRQD SUREDELOLW GLVRSUDYYLYHUHHVLJHQGRQHLQFDPELRLOWUDGLPHQWRGHOODQDWXUDOHVROLGDULHW FRL ORUR FRPSDJQL H FHUWDPHQWH YL VDU FKL DFFHWWHU &RVWXL VDU VRWWUDWWR DOOD OHJJH FRPXQH H GLYHUU LQWDQJLELOH VDU SHUFL² WDQWR SLº RGLRVR H RGLDWR TXDQWR PDJJLRU SRWHUHJOLVDU VWDWRFRQFHVVR4XDQGRJOLYHQJDDIILGDWRLOFRPDQGRGLXQPDQLSRORGL VYHQWXUDWLFRQGLULWWRGLYLWDRGLPRUWHVXGLHVVLVDU FUXGHOHHWLUDQQLFRSHUFK©FDSLU FKH VH QRQ OR IRVVH DEEDVWDQ]D XQ DOWUR JLXGLFDWR SLº LGRQHR VXEHQWUHUHEEH DO VXR SRVWR ,QROWUH DYYHUU FKH OD VXD FDSDFLW GL RGLR ULPDVWD LQDSSDJDWD QHOOD GLUH]LRQH GHJOL RSSUHVVRUL VL ULYHUVHU LUUDJLRQHYROPHQWH VXJOL RSSUHVVL HG HJOL VL WURYHU VRGGLVIDWWRTXDQGRDYU VFDULFDWRVXLVXRLVRWWRSRVWLOߞRIIHVDULFHYXWDGDOOߞDOWR &L UHQGLDPR FRQWR FKH WXWWR TXHVWR ¨ ORQWDQR GDO TXDGUR FKH FL VL XVD IDUH GHJOL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
(OLDV /LQG]LQ SLRYYH XQ JLRUQR LQHVSOLFDELOPHQWH QHO .RPPDQGR &KLPLFR (UD XQ QDQR QRQ SLº DOWR GL XQ PHWUR H PH]]R PD QRQ KR PDL YLVWR XQD PXVFRODWXUD FRPH OD VXD 4XDQGR ¨ QXGR VL GLVWLQJXH RJQL PXVFROR ODYRUDUH VRWWR OD SHOOH SRWHQWH H PRELOH FRPH XQ DQLPDOH D V© VWDQWH LQJUDQGLWR VHQ]D DOWHUDUQH OH SURSRU]LRQL LO VXR FRUSR VDUHEEH XQ EXRQ PRGHOOR SHU XQ (UFROH PD QRQ ELVRJQD JXDUGDUHODWHVWD 6RWWRLOFXRLRFDSHOOXWROHVXWXUHFUDQLFKHVSRUJRQRVPLVXUDWH,OFUDQLR¨PDVVLFFLR HG OߞLPSUHVVLRQHGLHVVHUHGLPHWDOORRGLSLHWUDVLYHGHLOOLPLWHQHURGHLFDSHOOLUDVL DSSHQDXQGLWRVRSUDOHVRSUDFFLJOLD,OQDVRLOPHQWRODIURQWHJOL]LJRPLVRQRGXULH FRPSDWWL OߞLQWHUR YLVR VHPEUD XQD WHVWD GߞDULHWH XQR VWUXPHQWR DGDWWR D SHUFXRWHUH 'DOODVXDSHUVRQDHPDQDXQVHQVRGLYLJRUHEHVWLDOH 9HGHU ODYRUDUH (OLDV ¨ XQR VSHWWDFROR VFRQFHUWDQWH L 0HLVWHU SRODFFKL L WHGHVFKL VWHVVL WDOYROWD VL VRIIHUPDQR DG DPPLUDUH (OLDV DOOߞ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
/DVWRULDGHOOߞLQJHJQHU$OIUHG/GLPRVWUDIUDOHDOWUHFRVHTXDQWRVLDYDQRLOPLWR GHOOߞXJXDJOLDQ]DRULJLQDOHIUDJOLXRPLQL / GLULJHYD QHO VXR SDHVH XQD LPSRUWDQWLVVLPD IDEEULFD GL SURGRWWL FKLPLFL H LO VXR QRPH HUD HG ¨ QRWR QHJOL DPELHQWL LQGXVWULDOL GL WXWWD (XURSD (UD XQ XRPR UREXVWR VXOODFLQTXDQWLQDQRQVRFRPHIRVVHVWDWRDUUHVWDWRPDLQFDPSRHUDHQWUDWRFRPHWXWWL HQWUDYDQR QXGR VROR H VFRQRVFLXWR 4XDQGR LR OR FRQREEL HUD PROWR GHSHULWR PD FRQVHUYDYDVXOYLVRLWUDWWLGLXQDHQHUJLDGLVFLSOLQDWDHPHWRGLFDLQTXHOWHPSRLVXRL LVXRL SULYLOHJL VL OLPLWDYDQR DOOD SXOLWXUD JLRUQDOLHUD GHOOD PDUPLWWD GHJOL RSHUDL SRODFFKL S ODFFKL ODFFKL TXHVWR ODYRUR GL FXL HJOL DYHYD RWWHQXWR QRQ VR FRPH OߞHVFOXVLYLW JOL IUXWWDYD WWDYD PH]]D PH]]D H]] JDPHOOD GL ]XSSD DO JLRUQR 1RQ EDVWDYD FHUWDPHQWH TXHVWR D VRGGLVIDUH H OD VXD IDPH IID WXWWDYLDQHVVXQRORDYHYDPDLXGLWRODPHQWDUVL$Q]LOHSRFKHSDUROHFKHODVFLDYDFDGHUH KHODVFLDYDF HODVFLDYDF HUH HUDQR WDOL GD IDU SHQVDUH D JUDQGLRVH ULVRUVH VHJUHWH D XQD lRUJDQL]]D]LRQH{ QL]]D]LRQH VROLGD QL]]D]LRQH{ ROLGD OLGD H IUXWWXRVD ,O FKH WURYDYD FRQIHUPD QHO VXR DVSHWWR / DYHYD lXQD OLQHD{ OH PDQL DQL QL H LO YLVR VHPSUH SHUIHWWDPHQWH SXOLWL DYHYD OD UDULVVLPD DEQHJD]LRQH RQH GL ODYDUVL ODYD RJQL TXLQGLFL TXLQ JLRUQLODFDPLFLDVHQ]DDVSHWWDUHLOFDPELRELPHVWUDOHIDFFLDPRTXLQRWDUHFKHODYDUH FLDPR PR WDUHFKH WDUHFKH OD FDPLFLD YXRO GLUH WURYDUH LO VDSRQH WURYDUH LO WHPSR WURYDUH OR VSD]LR QHO QH ODYDWRLR QHO VRYUDIIROODWRDGDWWDUVLDVRUYHJOLDUHDWWHQWDPHQWHVHQ]DGLVWRJOLHUHJOLRFFKLXQDWWLPR ODFDPLFLDEDJQDWDHLQGRVVDUODQDWXUDOPHQWHDQFRUDEDJQDWDDOOߞRUDGHOVLOHQ]LRLQFXL VLVSHQJRQROHOXFL SRVVHGHYDXQSDLRGLVXROHGLOHJQRSHUDQGDUHDOODGRFFLDHSHUILQR LOVXRDELWRDULJKHHUDVLQJRODUPHQWHDGDWWRDOODVXDFRUSRUDWXUDSXOLWRHQXRYR/VLHUD SURFXUDWR LQ VRVWDQ]D WXWWR OߞDVSHWWR GHO SURPLQHQWH DVVDL SULPD GL GLYHQWDUOR SRLFK© VRORPROWRWHPSRGRSRKRVDSXWRFKHWXWWDTXHVWDRVWHQWD]LRQHGLSURVSHULW /VHOߞHUD VDSXWDJXDGDJQDUHFRQLQFUHGLELOHWHQDFLDSDJDQGRLVLQJROLDFTXLVWLHVHUYL]LFROSDQH GHOODVXDVWHVVDUD]LRQHHDVWULQJHQGRVLFRVDXQUHJLPHGLSULYD]LRQLVXSSOHPHQWDUL ,O VXR SLDQR HUD GL OXQJR UHVSLUR LO FKH ¨ WDQWR SLº QRWHYROH LQ TXDQWR HUD VWDWR FRQFHSLWRLQXQDPELHQWHLQFXLGRPLQDYDODPHQWDOLW GHOSURYYLVRULRH/ORDWWX²FRQ ULJLGDGLVFLSOLQDLQWHULRUHVHQ]DSLHW SHUV©Q©DPDJJLRUUDJLRQHSHULFRPSDJQLFKH
JOL WUDYHUVDVVHUR LO FDPPLQR / VDSHYD FKH IUD OߞHVVHUH VWLPDWR SRWHQWH H LO GLYHQLUH HIIHWWLYDPHQWHWDOHLOSDVVR¨EUHYHHFKHGRYXQTXHPDSDUWLFRODUPHQWHIUDPPH]]RDO JHQHUDOH OLYHOODPHQWR GHO /DJHU XQ DVSHWWR ULVSHWWDELOH ¨ OD PLJOLRU JDUDQ]LD GL HVVHUH ULVSHWWDWR(JOLGHGLF²RJQLFXUDDOQRQHVVHUHFRQIXVRFROJUHJJHODYRUDYDFRQLPSHJQR RVWHQWDWR HVRUWDQGR DQFKH DOOߞRFFDVLRQH L FRPSDJQL SLJUL FRQ WRQR VXDGHQWH H GHSUHFDWRULRHYLWDYDODORWWDTXRWLGLDQDSHULOSRVWRPLJOLRUHQHOODFRGDGHOUDQFLRHVL DGDWWDYDDULFHYHUHRJQLJLRUQRODSULPDUD]LRQHQRWRULDPHQWHSLºOLTXLGDLQPRGRGD HVVHUH QRWDWR GDO %ORFN¤OWHVWHU SHU OD VXD GLVFLSOLQD $ FRPSOHWDUH LO GLVWDFFR QHL UDSSRUWLFRQLFRPSDJQLVLFRPSRUWDYDVHPSUHFRQODPDVVLPDFRUWHVLDFRPSDWLELOHFRQ LOVXRHJRLVPRFKHHUDDVVROXWR 4XDQGRIXFRVWLWXLWRFRPHGLUHPRLO.RPPDQGR&KLPLFR/FRPSUHVHFKHODVXD FRVWLW FRVWLWX RUD HUD JLXQWD DOWUR FKH LO VXR DELWR QLWLGR H LO VXR YLVR VFDUQR V PD QWD QRQ RFFRUUHYD RF UDVDWR LQ PH]]R DOOD PDQGULD GHL FROOHJKL VRUGLGL H VFLDWWL SHU FRQYLQFHUH LPPHGLDWDPHQWH GLDWDPHQWH .DSR H $UEHLWVGLHQVW FKH TXHOOR HUD XQ DXWHQWLFR VDOYDWR XQ SURPLQHQWH SRWHQ]LDOH SHU FXL D FKL KD VDU GDWR IX VHQ]ߞDOWUR SURPRVVR RPLQHQWH S HQ] lVSHFLDOL]]DWR{ FDSRWHFQLFR GHO .RPPDQGR H DVVXQWR GDOOD 'LUH]LRQH GHOOD lVSHFLDOL] lVSHFLDOL]] { QRPLQDWR QRPLQ FRPH %XQD FR %XQD H DQDOLVWD QHO Q ODERUDWRULR GHO UHSDUWR 6WLUROR )X LQ VHJXLWR LQFDULFDWR GL HVDPLQDUH HVDP UH YLD YLD L QXRYL DFTXLVWL GHO .RPPDQGR &KLPLFR SHU JLXGLFDUH GHOOD ORUR DELOLW LO FKH HJOL IHFH VHPSUH FRQ HVWUHPR ULJRUH VSHFLDOPHQWH QHL DE SURIHVVLRQDOH SURIHVVLR ULJXDUGLGLFRORURLQFXLVXERGRUDYDSRVVLELOLIXWXULFRPSHWLWRUL JXDUGLGLFR ,JQRUR JQRUR LO VHJXLWR GHOOD VXD VWRULD PD ULWHQJR DVVDL SUREDELOH FKH VLD VIXJJLWR DOOD PRUWHHYLYDRJJLODVXDYLWDIUHGGDGLGRPLQDWRUHULVROXWRHVHQ]DJLRLD PRUWH PRUWHH
IO D U E T S BIL I R D E P EN O V T N S TE NO
VDOWXDULDOOHlNRPELQDFMH{FRPHTXLVLFKLDPDQR 2JQL WDQWR UXED LQ %XQD XQD VFRSD H OD ULYHQGH DO %ORFN¤OWHVWHU TXDQGR ULHVFH D PHWWHUHGDSDUWHXQSRߞGLFDSLWDOHSDQHSUHQGHLQDIILWWRLIHUULGDOFLDEDWWLQRGHO%ORFN FKH ¨ VXR FRPSDHVDQR H ODYRUD TXDOFKH RUD LQ SURSULR VD IDEEULFDUH EUHWHOOH FRQ ILOR HOHWWULFRLQWUHFFLDWR6LJLPLKDGHWWRFKHQHOODSDXVDGLPH]]RJLRUQRORKDYLVWRFDQWDUH HEDOODUHGDYDQWLDOODFDSDQQDGHJOLRSHUDLVORYDFFKLFKHORULFRPSHQVDQRTXDOFKHYROWD FRQJOLDYDQ]LGHOODORUR]XSSD &L² GHWWR FL VL SX² VHQWLUH SRUWDWL D SHQVDUH D 6FKHSVFKHO FRQ LQGXOJHQWH VLPSDWLD FRPHDXQPHVFKLQRLOFXLVSLULWRQRQDOEHUJDRUPDLFKHXPLOHHGHOHPHQWDUHYRORQW GL YLWD H FKH FRQGXFH YDORURVDPHQWH OD VXD SLFFROD ORWWD SHU QRQ VRFFRPEHUH 0D 6FKHSVFKHO QRQ HUD XQߞHFFH]LRQH H TXDQGR OߞRFFDVLRQH VL SUHVHQW² QRQ HVLW² D IDU FRQGDQQDUHDOODIXVWLJD]LRQH0RLVFKOFKHJOLHUDVWDWRFRPSOLFHLQXQIXUWRDOODFXFLQD QHOODVSHUDQ]DPDODPHQWHIRQGDWDGLDFTXLVWDUVLPHULWRDJOLRFFKLGHO%ORFN¤OWHVWHUHGL SRUUHODVXDFDQGLGDWXUDDOSRVWRGLODYDWRUHGHOOHPDUPLWWH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
N
+HQUL ¨ LQYHFH HPLQHQWHPHQWH FLYLOH H FRQVDSHYROH H VXL PRGL GL VRSUDYYLYHUH LQ + /DJHU SRVVLHGH XQD WHRULD FRPSOHWD H RUJDQLFD 1RQ KD FKH YHQWLGXH DQQL ¨ / LQWHOOLJHQWLVVLPRSDUODIUDQFHVHWHGHVFRLQJOHVHHUXVVRKDXQߞRWWLPDFXOWXUDVFLHQWLILFD HFODVVLFD 6XR IUDWHOOR ¨ PRUWR LQ %XQD QHOOߞXOWLPR LQYHUQR H GD TXHO JLRUQR +HQUL KD UHFLVR RJQL YLQFROR GL DIIHWWL VL ¨ FKLXVR LQ V© FRPH LQ XQD FRUD]]D H ORWWD SHU YLYHUH VHQ]D GLVWUDUVL FRQ WXWWH OH ULVRUVH FKH SX² WUDUUH GDO VXR LQWHOOHWWR SURQWR H GDOOD VXD HGXFD]LRQHUDIILQDWD6HFRQGRODWHRULDGL+HQULSHUVIXJJLUHDOOߞDQQLHQWDPHQWRWUHVRQR L PHWRGL FKH OߞXRPR SX² DSSOLFDUH ULPDQHQGR GHJQR GHO QRPH GL XRPR OߞRUJDQL]]D]LRQHODSLHW HLOIXUWR /XL VWHVVR OL SUDWLFD WXWWL H WUH 1HVVXQR ¨ PLJOLRU VWUDWHJD GL +HQUL QHO FLUFXLUH lFROWLYDUH{GLFHOXL LSULJLRQLHULGLJXHUUDLQJOHVL(VVLGLYHQWDQRQHOOHVXHPDQLYHUH JDOOLQHGDOOHXRYDGߞRURVLSHQVLFKHGDOEDUDWWRGLXQDVRODVLJDUHWWDLQJOHVHLQ/DJHUVL ULFDYDGLFKHVIDPDUVLSHUXQJLRUQR+HQUL¨VWDWRYLVWRXQDYROWDLQDWWRGLPDQJLDUHXQ DXWHQWLFRXRYRVRGR ,OWUDIILFRGHOODPHUFHGLSURYHQLHQ]DLQJOHVH¨PRQRSROLRGL+HQULHILQTXLVLWUDWWD GLRUJDQL]]D]LRQHPDLOVXRVWUXPHQWRGLSHQHWUD]LRQHSUHVVRJOLLQJOHVLHJOLDOWUL¨OD SLHW +HQUL KD LO FRUSR H LO YLVR GHOLFDWL H VRWWLOPHQWH SHUYHUVL GHO 6DQ 6HEDVWLDQR GHO 6RGRPDLVXRLRFFKLVRQRQHULHSURIRQGLQRQKDDQFRUDEDUEDVLPXRYHFRQODQJXLGD QDWXUDOHHOHJDQ]DTXDQWXQTXHDOOߞRFFRUUHQ]DVDSSLDFRUUHUHHVDOWDUHFRPHXQJDWWRHOD FDSDFLW GHO VXR VWRPDFR VLD DSSHQD LQIHULRUH D TXHOOD GL (OLDV 'L TXHVWH VXH GRWL
IO D U E T S BIL I R D E P EN V N O
SHUFK©¨ILVLFDPHQWHLQGLVWUXWWLELOHKDUHVLVWLWRDOOߞDQQLHQWDPHQWRGDOGLGHQWURSHUFK©¨ GHPHQWHGXQTXHLQSULPROXRJRXQVXSHUVWLWH¨LOSLºDGDWWROߞHVHPSODUHXPDQRSLº LGRQHRDTXHVWRPRGRGLYLYHUH 6H(OLDVULDFTXLVWHU ODOLEHUW VLWURYHU FRQILQDWRLQPDUJLQHGHOFRQVRU]LRXPDQR LQXQFDUFHUHRLQXQPDQLFRPLR0DTXLLQ/DJHUQRQYLVRQRFULPLQDOLQ©SD]]LQRQ FULPLQDOL SHUFK© QRQ Yߞ¨ OHJJH PRUDOH D FXL FRQWUDYYHQLUH QRQ SD]]L SHUFK© VLDPR GHWHUPLQDWLHRJQLQRVWUDD]LRQH¨DWHPSRHOXRJRVHQVLELOPHQWHOߞXQLFDSRVVLELOH ,Q/DJHU(OLDVSURVSHUDHWULRQIDXQEXRQODYRUDWRUHHXQEXRQRUJDQL]]DWRUHHSHU WDOHGXSOLFHUDJLRQH¨DOVLFXURGDOOHVHOH]LRQLHULVSHWWDWRGDFDSLHFRPSDJQL3HUFKL QRQ DEELD VDOGH ULVRUVH LQWHUQH SHU FKL QRQ VDSSLD WUDUUH GDOOD FRVFLHQ]D GL V© OD IRU]D QHFHVVDULDSHUDQFRUDUVLDOODYLWDODVRODVWUDGDGLVDOYH]]DFRQGXFHD(OLDVDOODGHPHQ]D DQFRU DQFRUD HDOODEHVWLDOLW VXEGROD7XWWHOHDOWUHVWUDGHQRQKDQQRVERFFR OLW VXEGR OLW VXEGRO &L²GHWWRTXDOFXQRVDUHEEHIRUVHWHQWDWRGLWUDUUHFRQFOXVLRQLHPDJDULDQFKHQRUPH HWWRTXDOFX SHU OD YLWD TXRWLGLDQD 1RQ HVLVWRQR DWWRUQR D QRL GHJOL (OLDV SLº R PHQR D QRVWUD YL UHDOL]]DWL" QRL YLYHUH LQGLYLGXL LJQDUL GL VFRSR H QHJDWL D RJQL IRUPD GL DOL]]DWL" 1RQ 1R YHGLDPR YHG DXWRFRQWUROOR H GL FRVFLHQ]D" HG HVVL QRQ JL YLYRQR PDOJUDGR TXHVWH ORUR ODFXQH PD DXWRFRQWUR DXWRFRQWURO FRVF SUHFLVDPHQWHFRPH(OLDVLQIXQ]LRQHGLHVVH SUHFLV SUHFLVDP WHFRPH(O /DTXHVWLRQH¨JUDYHHQRQVDU XOWHULRUPHQWHVYROWDSHUFK©TXHVWHYRJOLRQRHVVHUH /D XHVWLRQH¨J VWRULHGHO/DJHUHVXOOߞXRPRIXRULGHO/DJHUPROWRVL¨JL VFULWWR0DXQDFRVDDQFRUD VWR HGHO/DJHU GHO/DJHU YRUUHPPRDJJLXQJHUH(OLDVSHUTXDQWRFL¨SRVVLELOHJLXGLFDUHGDOGLIXRULHSHUTXDQWR UUHPPRDJ ODIUDVHSX²DYHUHGLVLJQLILFDWR(OLDVHUDYHURVLPLOPHQWHXQLQGLYLGXRIHOLFH ODIUDVHSX
COPIA NON VENDIBILE
DVFLXWWLHVDDFFHQGHUHLQSRFKLLVWDQWLXQIXRFRDQFKHVRWWRODSLRJJLD6DIDUHLOVDUWRLO IDOHJQDPHLOFLDEDWWLQRLOEDUELHUHVSXWDDGLVWDQ]HLQFUHGLELOLFDQWDFRQYRFHGLEDVVR QRQ VJUDGHYROH FDQ]RQL SRODFFKH H \LGGLVFK PDL SULPD VHQWLWH SX² LQJHULUH VHL RWWR GLHFL OLWUL GL ]XSSD VHQ]D YRPLWDUH H VHQ]D DYHUH GLDUUHD H ULSUHQGHUH LO ODYRUR VXELWR GRSR6DIDUVLXVFLUHIUDOHVSDOOHXQDJURVVDJREEDHYDDWWRUQRSHUODEDUDFFDVELOHQFRH FRQWUDIIDWWRVWULOODQGRHGHFODPDQGRLQFRPSUHQVLELOHIUDODJLRLDGHLSRWHQWLGHOFDPSR /ߞKRYLVWRORWWDUHFRQXQSRODFFRSLºDOWRGLOXLGLWXWWRLOFDSRHDWWHUUDUORFRQXQFROSR GHO FUDQLR QHOOR VWRPDFR SRWHQWH H SUHFLVR FRPH XQD FDWDSXOWD 1RQ OߞKR PDL YLVWR ULSRVDUHQRQOߞKRPDLYLVWR]LWWRRIHUPRQRQOߞKRPDLVDSXWRIHULWRRDPPDODWR 'HOODVXDYLWDGLXRPROLEHURQHVVXQRVDQXOODGHOUHVWRUDSSUHVHQWDUVL(OLDVLQYHVWH GLXRPROLEHURHVLJHXQSURIRQGRVIRU]RGHOODIDQWDVLDHGHOOߞLQGX]LRQH1RQSDUODFKH SRODFFR H Oߞ\LGGLVFK WRUYR H GHIRUPH GL 9DUVDYLD LQROWUH ¨ LPSRVVLELOH LQGXUOR D XQ GLVFRUVRFRHUHQWH3RWUHEEHDYHUHYHQWLRTXDUDQWߞDQQLGLVROLWRGLFHGLDYHUQHWUHQWDWUH H GL DYHUH SURFUHDWR GLFLDVVHWWH ILJOL LO FKH QRQ ¨ LQYHURVLPLOH 3DUOD FRQWLQXDPHQWH GHJOL DUJRPHQWL SLº GLVSDUDWL VHPSUH FRQ YRFH WRQDQWH FRQ DFFHQWR RUDWRULR FRQ XQD PLPLFDYLROHQWDGDGLVVRFLDWR&RPHVHVHPSUHVLULYROJHVVHDXQIROWRSXEEOLFRHFRPH ¨QDWXUDOHLOSXEEOLFRQRQJOLPDQFDPDL4XHOOLFKHFDSLVFRQRLOVXROLQJXDJJLREHYRQR OH VXH GHFODPD]LRQL WRUFHQGRVL GDOOH ULVD JOL EDWWRQR OH VSDOOH GXUH HQWXVLDVWL OR VWLPRODQRDSURVHJXLUHPHQWUHOXLIHURFHHDJJURQGDWRVLULJLUDFRPHXQDEHOYDHQWUROD FHUFKLDGHJOLDVFROWDWRULDSRVWURIDQGRRUDTXHVWRRUDTXHOORDXQWUDWWRJKHUPLVFHXQR SHU LO SHWWR FRQ OD VXD SLFFROD ]DPSD DGXQFD OR DWWUDH D V© LUUHVLVWLELOH JOL YRPLWD VXO YLVRDWWRQLWRXQDLQFRPSUHQVLELOHLQYHWWLYDSRLORVFDJOLDLQGLHWURFRPHXQIXVFHOORH OORH IUD JOL DSSODXVL H OH ULVD OH EUDFFLD WHVH DO FLHOR FRPH XQ SLFFROR PRVWUR SURIHWDQWH HWDQWH HWDQWH SURVHJXHQHOVXRGLUHIXULERQGRHGLVVHQQDWR /D VXD IDPD GL ODYRUDWRUH GߞHFFH]LRQH VL GLIIXVH DVVDL SUHVWR H SHU OߞDVVXUGD OHJJH ߞ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¨ QDWXUDOPHQWH H LQQRFHQWHPHQWH ODGUR PDQLIHVWD LQ TXHVWR OߞLVWLQWLYD WLY DVWX]LD GHJOL DQLPDOL VHOYDJJL 1RQ YLHQH PDL FROWR VXO IDWWR SHUFK© QRQ UXED FKH TXDQGR VL SUHVHQWD XQߞRFFDVLRQH VLFXUD PD TXDQGR TXHVWD VL SUHVHQWD (OLDV UXED IDWDOPHQWH H SUHYHGLELOPHQWHFRVFRPHFDGHXQDSLHWUDDEEDQGRQDWD$SDUWHLOIDWWRFKH¨GLIILFLOH VRUSUHQGHUOR¨FKLDURFKHDQXOODVHUYLUHEEHSXQLUORGHLVXRLIXUWLHVVLUDSSUHVHQWDQRSHU OXLXQDWWRYLWDOHTXDOVLDVLFRPHUHVSLUDUHHGRUPLUH &LVLSX²RUDGRPDQGDUHFKL¨TXHVWRXRPR(OLDV6H¨XQSD]]RLQFRPSUHQVLELOHHG H[WUDXPDQR ILQLWR LQ /DJHU SHU FDVR 6H ¨ XQ DWDYLVPR HWHURJHQHR GDO QRVWUR PRQGR PRGHUQR H PHJOLR DGDWWR DOOH SULPRUGLDOL FRQGL]LRQL GL YLWD GHO FDPSR 2 VH QRQ ¨ LQYHFHXQSURGRWWRGHOFDPSRTXHOORFKHWXWWLQRLGLYHUUHPRVHLQFDPSRQRQPRUUHPR HVHLOFDPSRVWHVVRQRQILQLU SULPD &ߞ¨GHOYHURQHOOHWUHVXSSRVL]LRQL(OLDV¨VRSUDYYLVVXWRDOODGLVWUX]LRQHGDOGLIXRUL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
DOODVHOH]LRQH
TESTO PER STUDIO UNITO
&RQWDOHWHUPLQHl0XVHOPDQQ{LJQRURSHUTXDOUDJLRQHLYHFFKLGHOFDPSRGHVLJQDYDQRLGHEROLJOLLQHWWLLYRWDWL
IO D U E T S BIL I R D E P EN O V T N S TE NO
QDWXUDOL +HQUL ¨ SHUIHWWDPHQWH D FRQRVFHQ]D H OH PHWWH D SURILWWR FRQ OD IUHGGD FRPSHWHQ]D GL FKL PDQRYUD XQR VWUXPHQWR VFLHQWLILFR L ULVXOWDWL VRQR VRUSUHQGHQWL 6L WUDWWDLQVRVWDQ]DGLXQDVFRSHUWD+HQULKDVFRSHUWRFKHODSLHW HVVHQGRXQVHQWLPHQWR SULPDULR H LUULIOHVVR DOOLJQD DVVDL EHQH VH DELOPHQWH LQVWLOODWD SURSULR QHJOL DQLPL SULPLWLYLGHLEUXWLFKHFLFRPDQGDQRGLTXHOOLVWHVVLFKHQRQKDQQRULWHJQRDGDEEDWWHUFL D SXJQL VHQ]D SHUFK© H D FDOSHVWDUFL XQD YROWD D WHUUD H QRQ JOL ¨ VIXJJLWD OD JUDQGH SRUWDWDSUDWLFDGLTXHVWDVFRSHUWDVXOODTXDOHHJOLKDLQVHULWRODVXDLQGXVWULDSHUVRQDOH &RPH OߞLFQHXPRQH SDUDOL]]D L JURVVL EUXFKL SHORVL IHUHQGROL QHO ORUR XQLFR JDQJOLR YXOQHUDELOH FRV +HQUL YDOXWD FRQ XQߞRFFKLDWD LO VRJJHWWR lVRQ W\SH{ JOL SDUOD EUHYHPHQWHDFLDVFXQRFRQLOOLQJXDJJLRDSSURSULDWRHLOlW\SH{¨FRQTXLVWDWRDVFROWD FRQFUHVFHQWHVLPSDWLDVLFRPPXRYHVXOODVRUWHGHOJLRYDQHVYHQWXUDWRHQRQRFFRUUH PROWRWHPSRSHUFK©LQFRPLQFLDUHQGHUH 1RQ Fߞ¨ DQLPD FRV LQGXULWD VX FXL +HQUL QRQ ULHVFD D IDU EUHFFLD VH FL VL PHWWH VHULDPHQWH ,Q /DJHU H DQFKH LQ %XQD L VXRL SURWHWWRUL VRQR QXPHURVLVVLPL VROGDWL LQJOHVL RSHUDL FLYLOL IUDQFHVL XFUDLQL SRODFFKL lSROLWLFL{ WHGHVFKL DOPHQR TXDWWUR %ORFN¤OWHVWHXQFXRFRSHUILQRXQD660DLOVXRFDPSRSUHIHULWR¨LO.D%HLQ.D%H +HQULKDLQJUHVVROLEHURLOGRWWRU&LWURQHLOGRWWRU:HLVVVRQRSLºFKHVXRLSURWHWWRUL VXRL DPLFL H OR ULFRYHUDQR TXDQGR YXROH H FRQ OD GLDJQRVL FKH YXROH &L² DYYLHQH VSHFLDOPHQWHLQYLVWDGHOOHVHOH]LRQLHQHLSHULRGLGLODYRURSLºJUDYRVRDlVYHUQDUH{ GLFHOXL 'LVSRQHQGRGLFRVFRVSLFXHDPLFL]LH¨QDWXUDOHFKHUDUDPHQWH+HQULVLDULGRWWRDOOD DOOD OOD WHU]D YLD DO IXUWR GߞDOWURQGH VL FRPSUHQGH FKH VX TXHVWR DUJRPHQWR QRQ VL FRQILGL RQILGL YROHQWLHUL PROWRJUDGHYROHGLVFRUUHUHFRQ+HQULQHLPRPHQWLGLULSRVRDQFKHXWLOHQRQFߞ¨ WLOHQ Q Fߞ WLOHQR Fߞ¨ FRVD GHO FDPSR FKH HJOL QRQ FRQRVFD H VX FXL QRQ DEELD UDJLRQDWR QHOOD OD VXD PDQLHUD PDQ PD VHUUDWD H FRHUHQWH 'HOOH VXH FRQTXLVWH SDUOD FRQ HGXFDWD PRGHVWLD FRPH GL SUHGH SU GL G SRFRFRQWRPDVLGLOXQJDYROHQWLHULDHVSRUUHLOFDOFRORFKHOߞKDFRQGRWWRDGDYYLFLQDUH QGRWWRDG QGRWWRDGDY FLQDUH +DQV FKLHGHQGRJOL GHO ILJOLR DO IURQWH H LQYHFH 2WWR PRVWUDQGRJOL GRJOL RJOL OH FLFDWULFL FLF FLFD FL FKH KD VXJOLVWLQFKL 3DUODUHFRQ+HQUL¨XWLOHHJUDGHYROHDFFDGHDQFKHTXDOFKHYROWDGLVHQWLUORFDOGRH OFKHYROWD VHQWLUORFDOG YLFLQRSDUHSRVVLELOHXQDFRPXQLFD]LRQHIRUVHSHUILQRXQDIIHWWRVHPEUDGLSHUFHSLUHLO IHWWRV WR GLSHUF GLSHUFH IRQGRXPDQRGROHQWHHFRQVDSHYROHGHOODVXDQRQFRPXQHSHUVRQDOLW 0DLOPRPHQWR LO DSSUHVVR LO VXR VRUULVR WULVWH VL UDJJHOD LQ XQD VPRUILD IUHGGD FKH SDUH VWXGLDWD DOOR VSHFFKLR+HQULGRPDQGDFRUWHVHPHQWHVFXVDlߨMߞDLTXHOTXHFKRVH IDLUH{lߨMߞDL TXHOTXߞXQ YRLU{ HG HFFROR GL QXRYR WXWWR DOOD VXD FDFFLD H DOOD VXD ORWWD GXUR H ORQWDQR FKLXVR QHOOD VXD FRUD]]D QHPLFR GL WXWWL LQXPDQDPHQWH VFDOWUR H LQFRPSUHQVLELOHFRPHLO6HUSHQWHGHOOD*HQHVL 'D WXWWL L FROORTXL FRQ +HQUL DQFKH GDL SLº FRUGLDOL VRQR VHPSUH XVFLWR FRQ XQ OHJJHURVDSRUHGLVFRQILWWDFROVRVSHWWRFRQIXVRGLHVVHUHVWDWRDQFKߞLRLQTXDOFKHPRGR LQDYYHUWLWRQRQXQXRPRGLIURQWHDOXLPDXQRVWUXPHQWRQHOOHVXHPDQL 2JJLVRFKH+HQUL¨YLYR'DUHLPROWRSHUFRQRVFHUHODVXDYLWDGLXRPROLEHURPD QRQGHVLGHURULYHGHUOR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
3DVVDURQRWUHJLRUQLWUHGHLVROLWLLPPHPRUDELOLJLRUQLFRVOXQJKLPHQWUHSDVVDYDQR HFRVEUHYLGRSRFKHHUDQRSDVVDWLHJL WXWWLVLHUDQRVWDQFDWLGLFUHGHUHDOOߞHVDPHGL FKLPLFD ,O.RPPDQGRHUDULGRWWRDGRGLFLXRPLQLWUHHUDQRVFRPSDUVLQHOPRGRFRQVXHWRGL ODJJLºIRUVHQHOODEDUDFFDDFFDQWRIRUVHFDQFHOODWLGDOPRQGR'HLGRGLFLFLQTXHQRQ HUDQR FKLPLFL WXWWL H FLQTXH DYHYDQR VXELWR FKLHVWR DG $OH[ GL ULWRUQDUH DL ORUR
8VFHQGRGDO/DJHUGDYDQWLDOODEDQGDPXVLFDOHHDOSRVWRGLFRQWDGHOOH66VLPDUFLD SHUFLQTXHFROEHUUHWWRLQPDQROHEUDFFLDLPPRELOLOXQJRLILDQFKLHLOFROORULJLGRH QRQVLGHYHSDUODUH3RLFLVLPHWWHSHUWUHHDOORUDVLSX²WHQWDUHGLVFDPELDUHTXDOFKH SDURODDWWUDYHUVROߞDFFLRWWROLRGHOOHGLHFLPLODSDLDGL]RFFROLGLOHJQR &KLVRQRTXHVWLPLHLFRPSDJQLFKLPLFL"9LFLQRDPHFDPPLQD$OEHUWR¨VWXGHQWHGHO WHU]R DQQR DQFKH TXHVWD YROWD VLDPR ULXVFLWL D QRQ VHSDUDUFL ,O WHU]R DOOD PLD VLQLVWUD QRQ OߞKR PDL YLVWR VHPEUD PROWR JLRYDQH ¨ SDOOLGR FRPH OD FHUD KD LO QXPHUR GHJOL RODQGHVL$QFKHOHWUHVFKLHQHGDYDQWLDPHVRQRQXRYH,QGLHWUR¨SHULFRORVRYROWDUVL
SRWUHLSHUGHUHLOSDVVRRLQFLDPSDUHSXUHSURYRSHUXQDWWLPRKRYLVWRODIDFFLDGL,VV &ODXVQHU )LQFK© VL FDPPLQD QRQ Fߞ¨ WHPSR GL SHQVDUH ELVRJQD EDGDUH GL QRQ WRJOLHUH JOL ]RFFROL D TXHOOR FKH ]RSSLFD GDYDQWL H GL QRQ IDUVHOL WRJOLHUH GD TXHOOR FKH ]RSSLFD GLHWURRJQLWDQWRFߞ¨XQFDYRGDVFDYDOFDUHXQDSR]]DQJKHUDYLVFLGDGDHYLWDUH6RGRYH VLDPRGLTXLVRQRJL SDVVDWRFROPLR.RPPDQGRSUHFHGHQWH¨OD+6WUDVVHODVWUDGD GHL PDJD]]LQL /R GLFR DG $OEHUWR VL YD YHUDPHQWH DO &ORUXUR GL 0DJQHVLR DOPHQR TXHVWDQRQ¨VWDWDXQDVWRULD 6LDPR DUULYDWL VFHQGLDPR LQ XQ YDVWR LQWHUUDWR XPLGR H SLHQR GL FRUUHQWL GߞDULD ¨ TXHVWDODVHGHGHO.RPPDQGRTXHOODFKHTXLVLFKLDPD%XGH,O.DSRFLGLYLGHLQWUH VTXDGUH TXDWWUR L VDFFKL GDO YDJRQH VHWWH D WUDVSRUWDUOL JLº TXDWWUR D WUR UR D VFDULFDUH V LPSLODUOLQHOPDJD]]LQR4XHVWLVLDPRLRFRQ$OEHUWR,VVHOߞRODQGHVH OPDJD]]L OPDJD]]LQ )LQDOPHQWH PHQWH VL SX² SX SDUODUH H D FLDVFXQR GL QRL TXHOOR FKH $OH[ KD GHWWR VHPEUD LO VRJQRGLXQSD]]R RGLXQSD]] &RQ TXHVWH TXHVWH QRVWUH RVW IDFFH YXRWH FRQ TXHVWL FUDQL WRVDWL FRQ TXHVWL DELWL GL YHUJRJQD RVWU HVDPH ( VDU LQ WHGHVFR HYLGHQWHPHQWH H GRYUHPR FRPSDULUH IDUH XQ HHV H GL FKLPLFD FKLP $ULR 'RNWRU VSHUDQGR FKH QRQ GRYUHPR VRIILDUFL LO QDVR GDYDQ D XQ GDYDQWL Q TXDOFKH ELRQGR E SHUFK© IRUVH OXL QRQ SHUFK QR VDSU FKH QRL QRQ SRVVHGLDPR ID]]ROHWWR H QRQ VL SRWU FHUWR Q VSLHJDUJOLHOR(DYUHPRDGGRVVRODQRVWUDYHFFKLDFRPSDJQDIDPHHVWHQWHUHPRDVWDUH VS DUJOLHOR( LPPRELOLVXOOHJLQRFFKLDHOXLVHQWLU FHUWDPHQWHTXHVWRQRVWURRGRUHDFXLRUDVLDPR PPRELOLVXOO PRELOLVXOO DYYH]]LPDFKHFLSHUVHJXLWDYDLSULPLJLRUQLOߞRGRUHGHOOHUDSHHGHLFDYROLFUXGLFRWWL DYYH]]LP HGLJHULWL HGLJHUL &RV¨FRQIHUPD&ODXVQHU+DQQRGXQTXHLWHGHVFKLWDQWRELVRJQRGLFKLPLFL"2¨XQ & QXRYRWUXFFRXQDQXRYDPDFFKLQDlSRXUIDLUHFKLHUOHV-XLIV"{6LUHQGRQRFRQWRGHOOD Q QX SURYD JURWWHVFD H DVVXUGD FKH FL YLHQH ULFKLHVWD D QRL QRQ SLº YLYL QRL JL SHU PHW GHPHQWLQHOODVTXDOOLGDDWWHVDGHOQLHQWH" &ODXVQHU PL PRVWUD LO IRQGR GHOOD VXD JDPHOOD / GRYH JOL DOWUL LQFLGRQR LO ORUR QXPHUR H $OEHUWR HG LR DEELDPR LQFLVR LO QRVWUR QRPH &ODXVQHU KD VFULWWR l1H SDV FKHUFKHU FRPSUHQGUH{ %HQFK©QRLFLSHQVLDPRQRQSLºGLTXDOFKHPLQXWRDOJLRUQRHDQFKHDOORUDLQXQR VWUDQRPRGRVWDFFDWRHGHVWHUQRQRLVDSSLDPREHQHFKHILQLUHPRLQVHOH]LRQH,RVRFKH QRQVRQRGHOODVWRIIDGLTXHOOLFKHUHVLVWRQRVRQRWURSSRFLYLOHSHQVRDQFRUDWURSSRPL FRQVXPRDOODYRUR(GRUDVRDQFKHFKHPLVDOYHU²VHGLYHQWHU²6SHFLDOLVWDHGLYHQWHU² 6SHFLDOLVWDVHVXSHUHU²XQHVDPHGLFKLPLFD 2JJLTXHVWRYHURRJJLLQFXLLRVWRVHGXWRDXQWDYRORHVFULYRLRVWHVVRQRQVRQR FRQYLQWRFKHTXHVWHFRVHVRQRUHDOPHQWHDFFDGXWH
IO D U E T S BIL I R D E P EN O V T N S TE NO
,O .RPPDQGR GHWWR .RPPDQGR &KLPLFR DYUHEEH GRYXWR HVVHUH XQ UHSDUWR GL VSHFLDOLVWL ,OJLRUQRLQFXLIXGDWROߞDQQXQFLRXIILFLDOHGHOODVXDFRVWLWX]LRQHXQRVSDUXWRJUXSSR GL TXLQGLFL +¤IWOLQJH VL UDGXQ² LQWRUQR DO QXRYR .DSR LQ SLD]]D GHOOߞ$SSHOOR QHO JULJLRUHGHOOߞDOED )XODSULPDGHOXVLRQHHUDDQFRUDXQlWULDQJRORYHUGH{XQGHOLQTXHQWHSURIHVVLRQDOH Oߞ$UEHLWVGLHQVW QRQ DYHYD JLXGLFDWR QHFHVVDULR FKH LO .DSR GHO .RPPDQGR &KLPLFR IRVVH XQ FKLPLFR ,QXWLOH VSUHFDUH LO ILDWR D IDUJOL GRPDQGH QRQ DYUHEEH ULVSRVWR R ULVSRVWRDXUOLHSHGDWH3HUDOWURUDVVLFXUDYDLOVXRDVSHWWRQRQWURSSRUREXVWRHODVWDWXUD LQIHULRUHDOODPHGLD )HFHXQEUHYHGLVFRUVRLQVJXDLDWRWHGHVFRGDFDVHUPDHODGHOXVLRQHIXFRQIHUPDWD 4XHOOLHUDQRGXQTXHLFKLPLFLEHQHOXLHUD$OH[HVHORURSHQVDYDQRGLHVVHUHHQWUDWLLQ SDUDGLVR VEDJOLDYDQR ,Q SULPR OXRJR ILQR DO JLRUQR GHOOߞLQL]LR GHOOD SURGX]LRQH LO .RPPDQGR QRQ VDUHEEH VWDWR FKH XQ FRPXQH .RPPDQGRWUDVSRUWL DGGHWWR WWR DO PDJD]]LQR GHO &ORUXUR GL 0DJQHVLR 3RL VH FUHGHYDQR SHU HVVHUH GHJOL ,QWHOOLJHQWHQ JHQWHQ JHQWHQ GHJOL LQWHOOHWWXDOL GL IDUVL JLRFR GL OXL $OH[ XQ 5HLFKVGHXWVFKHU HU HEEHQH HE HQH HQH +HUUJRWWVDFUDPHQW JOL DYUHEEH IDWWR YHGHUH OXL JOL DYUHEEHߨ H LO SXJQR FKLXVR H XJQR FKLX FKLXV OߞLQGLFHWHVRWDJOLDYDOߞ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
(VDPHGLFKLPLFD
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
FKHODSRVWDLQJLRFR¨JURVVDHSSXUHSURYRXQIROOHLPSXOVRDVFRPSDULUHDVRWWUDUPL DOODSURYD 3DQQZLW]¨DOWRPDJURELRQGRߙKDJOLRFFKLLFDSHOOLHLOQDVRFRPHWXWWLLWHGHVFKL GHYRQRDYHUOLHVLHGHIRUPLGDELOPHQWHGLHWURXQDFRPSOLFDWDVFULYDQLD,R+¤IWOLQJ VWRLQSLHGLQHOVXRVWXGLRFKH¨XQYHURVWXGLROXFLGRSXOLWRHRUGLQDWRHPLSDUH FKHODVFHUHLXQDPDFFKLDVSRUFDGRYXQTXHGRYHVVLWRFFDUH 4XDQGRHEEHILQLWRGLVFULYHUHDO]²JOLRFFKLHPLJXDUG² 'D TXHO JLRUQR LR KR SHQVDWR DO 'RNWRU 3DQQZLW] PROWH YROWH H LQ PROWL PRGL 0L VRQRGRPDQGDWRTXDOHIRVVHLOVXRLQWLPRIXQ]LRQDPHQWRGLXRPRFRPHULHPSLVVHLOVXR WHPSR DOOߞLQIXRUL GHOOD 3ROLPHUL]]D]LRQH H GHOOD FRVFLHQ]D LQGRJHUPDQLFD VRSUDWWXWWR TXDQGRLRVRQRVWDWRGLQXRYRXQXRPROLEHURKRGHVLGHUDWRGLLQFRQWUDUORDQFRUDHQRQ RVWDWR RVWDWR JL SHUYHQGHWWDPDVRORSHUXQDPLDFXULRVLW GHOOߞDQLPDXPDQD GHWWDPD GHWWDPDVR 3HUFK©TXHOORVJXDUGRQRQFRUVHIUDGXHXRPLQLHVHLRVDSHVVLVSLHJDUHDIRQGROD K©TXHOORVJ ©TXHOORVJ QDWXUDGLTXHOORVJXDUGRVFDPELDWRFRPHDWWUDYHUVRODSDUHWHGLYHWURGLXQDFTXDULRWUD DGLTXHOORV GXHHVVHULFKHDELWDQRPH]]LGLYHUVLDYUHLDQFKHVSLHJDWROߞHVVHQ]DGHOODJUDQGHIROOLD HHVVHULFKH ELWD ELW GHOODWHU]D*HUPDQLD GHOODWHU]D GHOODWHU]D PDQLD PDQLD 4XHOORFKHWXWWLQRLGHLWHGHVFKLSHQVDYDPRHGLFHYDPRVLSHUFHSLQTXHOPRPHQWRLQ 4X 4XHOO FKHWXWWLQRL KHWXWWLQRL PRGR LPPHGLDWR PRGR PPHGLDWR ,O , FHUYHOOR FKH VRYULQWHQGHYD D TXHJOL RFFKL D]]XUUL H D TXHOOH PDQL FROWLYDWH FR YDWH DWH GLFHYD GLFHYD l4XHVWR TXDOFRVD GDYDQWL D PH DSSDUWLHQH D XQ JHQHUH FKH ¨ RYYLDPHQWH VRSSULPHUH 1HO FDVR SDUWLFRODUH RFFRUUH SULPD DFFHUWDUVL FKH YYLDPHQWH YLDPHQWH RSSRUWXQR R QRQFRQWHQJDTXDOFKHHOHPHQWRXWLOL]]DELOH{(QHOPLRFDSRFRPHVHPLLQXQD]XFFD QRQFRQWH QRQFRQWHQ YXRWD l*OL RFFKL D]]XUUL H L FDSHOOL ELRQGL VRQR HVVHQ]LDOPHQWH PDOYDJL 1HVVXQD FRPXQLFD]LRQHSRVVLELOH6RQRVSHFLDOL]]DWRLQFKLPLFDPLQHUDULD6RQRVSHFLDOL]]DWRLQ FRP FRPX VVLQWHVLRUJDQLFKH6RQRVSHFLDOL]]DWRߨ{ VL (GLQFRPLQFL²OߞLQWHUURJDWRULRPHQWUHQHOVXRDQJRORVEDGLJOLDYDHGLJULJQDYD$OH[ WHU]RHVHPSODUH]RRORJLFR ߙ:RVLQG6LHJHERUHQ"ߙPLG GHO6LHGHOOHLLO'RNWRU,QJHQLHXU3DQQZLW]QRQKD LO VHQVR GHOOߞXPRULVPR &KH VLD PDOHGHWWR QRQ ID LO PLQLPR VIRU]R SHU SDUODUH XQ WHGHVFRXQSRߞFRPSUHQVLELOH ߙ0LVRQRODXUHDWRD7RULQRQHOVXPPDFXPODXGHߙHPHQWUHORGLFRKROD SUHFLVD VHQVD]LRQH GL QRQ HVVHU FUHGXWR D GLUH LO YHUR QRQ FL FUHGR LR VWHVVR EDVWD JXDUGDUHOHPLHPDQLVSRUFKHHSLDJDWHLSDQWDORQLGDIRU]DWRLQFURVWDWLGLIDQJR(SSXUH VRQR SURSULR LR LO ODXUHDWR GL 7RULQR DQ]L SDUWLFRODUPHQWH LQ TXHVWR PRPHQWR ¨ LPSRVVLELOHGXELWDUHGHOODPLDLGHQWLW FRQOXLLQIDWWLLOVHUEDWRLRGHLULFRUGLGLFKLPLFD RUJDQLFD SXU GRSR OD OXQJD LQHU]LD ULVSRQGH DOOD ULFKLHVWD FRQ LQDVSHWWDWD GRFLOLW H DQFRUDTXHVWDHEULHW OXFLGDTXHVWDHVDOWD]LRQHFKHPLVHQWRFDOGDSHUOHYHQHFRPHOD ULFRQRVFR ¨ OD IHEEUH GHJOL HVDPL OD PLD IHEEUH GHL PLHL HVDPL TXHOOD VSRQWDQHD PRELOLWD]LRQH GL WXWWH OH IDFROW ORJLFKH H GL WXWWH OH QR]LRQL FKH L PLHL FRPSDJQL GL VFXRODWDQWRPLLQYLGLDYDQR /ߞHVDPH VWD DQGDQGR EHQH $ PDQR D PDQR FKH PH QH UHQGR FRQWR PL SDUH GL FUHVFHUHGLVWDWXUD2UDPLFKLHGHVXTXDOHDUJRPHQWRKRIDWWRODWHVLGLODXUHD'HYRIDUH XQRVIRU]RYLROHQWRSHUVXVFLWDUHTXHVWHVHTXHQ]HGLULFRUGLFRVSURIRQGDPHQWHORQWDQH ¨FRPHVHFHUFDVVLGLULFRUGDUHJOLDYYHQLPHQWLGLXQDLQFDUQD]LRQHDQWHULRUH
COPIA NON VENDIBILE
SUHFHGHQWL .RPPDQGRV 1RQ HYLWDURQR OH SHUFRVVH PD LQDVSHWWDWDPHQWH H GD FKLVV TXDOH DXWRULW IX GHFLVR FKH ULPDQHVVHUR DJJUHJDWL FRPH DXVLOLDUL DO .RPPDQGR &KLPLFR 9HQQH $OH[ QHOOD FDQWLQD GHO &ORUPDJQHVLR H FKLDP² IXRUL QRL VHWWH SHU DQGDUH D VRVWHQHUHOߞHVDPH(FFRQRLFRPHVHWWHJRIILSXOFLQLGLHWURODFKLRFFLDVHJXLUH$OH[VX SHUODVFDOHWWDGHO3RO\PHULVDWLRQV%¼UR6LDPRVXOSLDQHURWWRORXQDWDUJKHWWDVXOODSRUWD FRQLWUHQRPLIDPRVL$OH[EXVVDULVSHWWRVDPHQWHVLFDYDLOEHUUHWWRHQWUDVLVHQWHXQD YRFHSDFDWD$OH[ULHVFHߙ5XKHMHW]W:DUWHQߙ$VSHWWDUHLQVLOHQ]LR 'L TXHVWR VLDPR FRQWHQWL 4XDQGR VL DVSHWWD LO WHPSR FDPPLQD OLVFLR VHQ]D FKH VL GHEED LQWHUYHQLUH SHU FDFFLDUOR DYDQWL PHQWUH LQYHFH TXDQGR VL ODYRUD RJQL PLQXWR FL SHUFRUUHIDWLFRVDPHQWHHGHYHYHQLUHODERULRVDPHQWHHVSXOVR1RLVLDPRVHPSUHFRQWHQWL GL DVSHWWDUH VLDPR FDSDFL GL DVSHWWDUH SHU RUH FRQ OD FRPSOHWD RWWXVD LQHU]LD GHL UDJQL QHOOHYHFFKLHWHOH $OH[ ¨ QHUYRVR SDVVHJJLD VX H JLº H QRL RJQL YROWD FL VFRVWLDPR DO VXR SDVVDJJLR $QFKHQRLFLDVFXQRDVXRPRGRVLDPRLQTXLHWLVROR0HQGLQRQOR¨0HQGL¨UDEELQR ¨GHOOD5XVVLD6XEFDUSDWLFDGLTXHOJURYLJOLRGLSRSROLLQFXLFLDVFXQRSDUODDOPHQRWUH OLQJXHH0HQGLQHSDUODVHWWH6DPROWLVVLPHFRVHROWUHFKHUDEELQR¨VLRQLVWDPLOLWDQWH JORWWRORJR ¨ VWDWR SDUWLJLDQR HG ¨ GRWWRUH LQ OHJJH QRQ ¨ FKLPLFR PD YXRO WHQWDUH XJXDOPHQWH¨XQSLFFRORXRPRWHQDFHFRUDJJLRVRHDFXWR %¡OOD KD XQD PDWLWD H WXWWL JOL VWDQQR DGGRVVR 1RQ VLDPR VLFXUL VH VDUHPR DQFRUD FDSDFLGLVFULYHUHYRUUHPPRSURYDUH .RKOHQZDVVHUVWRIIH 0DVVHQZLUNXQJVJHVHW] 0L DIILRUDQR L QRPL WHGHVFKL L GHL FRPSRVWLHGHOOHOHJJLSURYRJUDWLWXGLQHYHUVRLOPLRFHUYHOORQRQPLVRQRSLºRFFXSDWR FXSDW FXSDWR PROWRGLOXLHSSXUHPLVHUYHDQFRUDFRVEHQH (FFR$OH[,RVRQRXQFKLPLFRFKHKRDFKHIDUHFRQTXHVWR$OH["6LSLDQWDVXLSLHGL SLDQWDVXL SLDQWDVXLS GDYDQWLDPHPLULDVVHWWDUXYLGDPHQWHLOFROOHWWRGHOODJLDFFDPLFDYDLOEHUUHWWRHPHOR LOEHUUHWWRH OEHUUHWWRH HOR ULFDOFDLQFDSRSRLIDXQSDVVRLQGLHWURVTXDGUDLOULVXOWDWRFRQDULDGLVJXVWDWDHYROWDOH GLVJXVWDWD ROWDOH GLVJXVWDWD VSDOOH ERIRQFKLDQGR ߙ :DV I¼U HLQ 0XVHOPDQQ =XJDQJ ߙ FKH QXRYR QXRY DFTXLVWR QX VFDOFLQDWR /D SRUWD VL ¨ DSHUWD , WUH GRWWRUL KDQQR GHFLVR FKH VHL FDQGLGDWL SDVVHUDQQR FDQGLG SDVVHUDQQR LQ PDWWLQDWD ,O VHWWLPR QR ,O VHWWLPR VRQR LR KR LO QXPHUR GL SLº HOHYDWR L PDWULFROD PDW PDWUL HOHYD PL HOHY WRFFDULWRUQDUHDOODYRUR6RORQHOSRPHULJJLRYLHQH$OH[DSUHOHYDUPLFKHGLVGHWWDQRQ LV LVG SRWU²QHSSXUHFRPXQLFDUHFRJOLDOWULSHUVDSHUHlFKHGRPDQGHIDQQR{ 4XHVWDYROWDFLVLDPRSURSULR3HUOHVFDOH$OH[PLJXDUGDWRUYRVLVHQWHLQTXDOFKH PRGR UHVSRQVDELOH GHO PLR DVSHWWR PLVHUHYROH 0L YXRO PDOH SHUFK© VRQR LWDOLDQR SHUFK©VRQRHEUHRHSHUFK©IUDWXWWLVRQRTXHOORFKHSLºVLVFRVWDGDOVXRFDSRUDOHVFR LGHDOHYLULOH3HUDQDORJLDSXUVHQ]DFDSLUQHQXOODHGLTXHVWDVXDLQFRPSHWHQ]DHVVHQGR ILHURRVWHQWDXQDSURIRQGDVILGXFLDQHOOHPLHSUREDELOLW SHUOߞHVDPH 6LDPR HQWUDWL &ߞ¨ VROR LO 'RNWRU 3DQQZLW] $OH[ FRO EHUUHWWR LQ PDQR JOL SDUOD D PH]]DYRFHߙߨXQLWDOLDQRLQ/DJHUGDWUHPHVLVROWDQWRJL PH]]RNDSXWWߨߨ(U VDJWHULVW&KHPLNHUߨߙPDOXL$OH[VHPEUDVXTXHVWRIDFFLDOHVXHULVHUYH $OH[ YLHQH EUHYHPHQWH FRQJHGDWR H UHOHJDWR GD SDUWH HG LR PL VHQWR FRPH (GLSR GDYDQWLDOOD6ILQJH/HPLHLGHHVRQRFKLDUHHPLUHQGRFRQWRDQFKHLQTXHVWRPRPHQWR
TESTO PER STUDIO UNITO
N
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
(UDYDPRVHLDUDVFKLDUHHSXOLUHOߞLQWHUQRGLXQDFLVWHUQDLQWHUUDWDODOXFHGHOJLRUQR FL JLXQJHYD VROWDQWR DWWUDYHUVR LO SLFFROR SRUWHOOR GߞLQJUHVVR (UD XQ ODYRUR GL OXVVR SHUFK© QHVVXQR R FL FFRQWUROODYD SHU² IDFHYD IUHGGR H XPLGR /D SROYHUH GL UXJJLQH FL EUXFLDYD VRWWR H FL LPSDVWDYD OD JROD H OD ERFFD FRQ XQ VDSRUH TXDVL GL RWWR WWR OH SDOSHEUH SD SDOS VDQJXH 2VFLOO²ODVFDOHWWDGLFRUGDFKHSHQGHYDGDOSRUWHOORTXDOFXQRYHQLYD'HXWVFKVSHQVH VFLOO²ODVFDO FLOO²ODVFDO ODVLJDUHWWD*ROGQHUVYHJOL²6LYDGMDQWXWWLFLULPHWWHPPRDUDVFKLDUHYLJRURVDPHQWHOD VLJDUHWWD* GQHU GQH SDUHWHVRQRUDGLODPLHUD SDUHWHVRQ SDUHWHVRQR GLODPLHU LODPLHU 1RQHUDLO9RUDUEHLWHUHUDVROR-HDQLO3LNRORGHOQRVWUR.RPPDQGR-HDQHUDXQR 1R 1RQ LO9RUDUEH VWXGHQWH DOVD]LDQR VWXGH DOVD]LDQR EHQFK© DYHVVH JL YHQWLTXDWWUߞDQQL HUD LO SLº JLRYDQH +¤IWOLQJ GHO .RPPDQGR&KLPLFR(UDSHUFL²WRFFDWDDOXLODFDULFDGL3LNRORYDOHDGLUHGLIDWWRULQR . .R PDQGR&KLP VFULWWXUDOH DGGHWWR DOOD SXOL]LD GHOOD EDUDFFD DOOH FRQVHJQH GHJOL DWWUH]]L DOOD ODYDWXUD ULWWXUDOH DG GHOOHJDPHOOHDOODFRQWDELOLW GHOOHRUHGLODYRURGHO.RPPDQGR GHOOHJDP GHOOHJDPH -HDQ SDUODYD FRUUHQWHPHQWH IUDQFHVH H WHGHVFR DSSHQD VL ULFRQREEHUR OH VXH VFDUSH -HDQ VXOJUDGLQRSLºDOWRGHOODVFDOHWWDWXWWLVPLVHURGLUDVFKLDUH VXO VXOJ ߙ$OVR3LNRORZDVJLEWHV1HXHV" ߙ4XߞHVWFHTXߞLO\DFRPPHVRXSHDXMRXUGߞKXL" ߨ GL FKH XPRUH HUD LO .DSR" ( OD IDFFHQGD GHOOH YHQWLFLQTXH IUXVWDWH D 6WHUQ" &KH WHPSRIDFHYDIXRUL"$YHYDOHWWRLOJLRUQDOH"&KHRGRUHFߞHUDDOODFXFLQDFLYLOH"&KHRUD HUD" -HDQ HUD PROWR EHQYROXWR DO .RPPDQGR %LVRJQD VDSHUH FKH OD FDULFD GL 3LNROR FRVWLWXLVFHXQJUDGLQRJL DVVDLHOHYDWRQHOODJHUDUFKLDGHOOH3URPLQHQ]HLO3LNRORFKH GL VROLWR QRQ KD SLº GL GLFLDVVHWWH DQQL QRQ ODYRUD PDQXDOPHQWH KD PDQR OLEHUD VXL IRQGLGHOODPDUPLWWDGHOUDQFLRHSX²VWDUHWXWWRLOJLRUQRYLFLQRDOODVWXIDlSHUFL²{KD GLULWWR D PH]]D UD]LRQH VXSSOHPHQWDUH HG KD EXRQH SUREDELOLW GL GLYHQLUH DPLFR H FRQILGHQWHGHO.DSRGDOTXDOHULFHYHXIILFLDOPHQWHJOLDELWLHOHVFDUSHVPHVVH2UD-HDQ HUD XQ 3LNROR HFFH]LRQDOH (UD VFDOWUR H ILVLFDPHQWH UREXVWR H LQVLHPH PLWH H DPLFKHYROH SXU FRQGXFHQGR FRQ WHQDFLD H FRUDJJLR OD VXD VHJUHWD ORWWD LQGLYLGXDOH FRQWUR LO FDPSR H FRQWUR OD PRUWH QRQ WUDVFXUDYD GL PDQWHQHUH UDSSRUWL XPDQL FRL FRPSDJQL PHQR SULYLOHJLDWL GߞDOWUD SDUWH HUD VWDWR WDQWR DELOH H SHUVHYHUDQWH GD DIIHUPDUVLQHOODILGXFLDGL$OH[LO.DSR $OH[DYHYDPDQWHQXWRWXWWHOHVXHSURPHVVH6LHUDGLPRVWUDWRXQEHVWLRQHYLROHQWRH LQILGRFRUD]]DWRGLVROLGDHFRPSDWWDLJQRUDQ]DHVWXSLGLW HFFH]LRQIDWWDSHULOVXRILXWR HODVXDWHFQLFDGLDJX]]LQRHVSHUWRHFRQVXPDWR1RQSHUGHYDRFFDVLRQHGLSURFODPDUVL ILHURGHOVXRVDQJXHSXURHGHOVXRWULDQJRORYHUGHHRVWHQWDYDXQDOWHURGLVSUH]]RSHUL
,OFDQWRGL8OLVVH
IO D U E T S BIL I R D E P EN V N O
4XDOFRVD PL SURWHJJH /H PLH SRYHUH YHFFKLH 0LVXUH GL FRVWDQWL GLHOHWWULFKH LQWHUHVVDQRSDUWLFRODUPHQWHTXHVWRDULDQRELRQGRGDOODHVLVWHQ]DVLFXUDPLFKLHGHVHVR OߞLQJOHVHPLPRVWUDLOWHVWRGHO*DWWHUPDQQHDQFKHTXHVWR¨DVVXUGRHLQYHURVLPLOHFKH TXDJJLºGDOOߞDOWUDSDUWHGHOILORVSLQDWRHVLVWDXQ*DWWHUPDQQLQWXWWRLGHQWLFRDTXHOOR VXFXLVWXGLDYRLQ,WDOLDLQTXDUWRDQQRDFDVDPLD $GHVVR¨ILQLWROߞHFFLWD]LRQHFKHPLKDVRVWHQXWROXQJRWXWWDODSURYDFHGHGߞXQWUDWWR HGLRFRQWHPSORLVWXSLGLWRHDWRQRODPDQRGLSHOOHELRQGDFKHLQVHJQLLQFRPSUHQVLELOL VFULYHLOPLRGHVWLQRVXOODSDJLQDELDQFD ߙ/RVDEߙ$OH[ULHQWUDLQVFHQDLRVRQRGLQXRYRVRWWRODVXDJLXULVGL]LRQH6DOXWD 3DQQZLW]VEDWWHQGRLWDFFKLHQHRWWLHQHLQFDPELRXQOLHYLVVLPRFHQQRGHOOHSDOSHEUH ,REUDQFRORSHUXQDWWLPRQHOODULFHUFDGLXQDIRUPXODGLFRQJHGRDSSURSULDWDLQYDQRLQ WHGHVFR VR GLUH PDQJLDUH ODYRUDUH UXEDUH PRULUH VR DQFKH GLUH DFLGR VROIRULFR SUHVVLRQHDWPRVIHULFDHJHQHUDWRUHGLRQGHFRUWHPDQRQVRSURSULRFRPHVLSX²VDOXWDUH XQDSHUVRQDGLULJXDUGR (FFRFLGLQXRYRSHUOHVFDOH$OH[YRODJOLVFDOLQLKDOHVFDUSHGLFXRLRSHUFK©QRQ¨ HEUHR¨OHJJHURVXLSLHGLFRPHLGLDYROLGL0DOHEROJH6LYROJHGDOEDVVRDJXDUGDUPL WRUYR PHQWUH LR GLVFHQGR LPSDFFLDWR H UXPRURVR QHL PLHL ]RFFROL VSDLDWL HG HQRUPL DJJUDSSDQGRPLDOODULQJKLHUDFRPHXQYHFFKLR 3DUHFKHVLDDQGDWDEHQHPDVDUHEEHLQVHQVDWRIDUFLFRQWR&RQRVFRJL DEEDVWDQ]DLO /DJHU SHU VDSHUH FKH QRQ VL GHYRQR PDL IDUH SUHYLVLRQL VSHFLH VH RWWLPLVWLFKH 4XHOOR FKH¨FHUWR¨FKHKRSDVVDWRXQDJLRUQDWDVHQ]DODYRUDUHHTXLQGLVWDQRWWHDYU²XQSRߞ SRߞ PHQRIDPHHTXHVWR¨XQYDQWDJJLRFRQFUHWRHDFTXLVLWR 3HU ULHQWUDUH DOOD %XGH ELVRJQD DWWUDYHUVDUH XQR VSLD]]R LQJRPEUR GL WUDYL YL H GL G WUDOLFFL PHWDOOLFL DFFDWDVWDWL ,O FDYR GߞDFFLDLR GL XQ DUJDQR WDJOLD OD VWUDGD GD $OH[ $O [ OR $ O DIIHUUD SHU VFDYDOFDUOR 'RQQHUZHWWHU HFFR VL JXDUGD OD PDQR QHUD GL JUDVVR YLV YLVFLGR YLVF )UDWWDQWRLROߞKRUDJJLXQWRVHQ]DRGLRHVHQ]DVFKHUQR$OH[VWURILQDODPDQRVXOODPLD ODPDQRVXO DPDQRVXO PL VSDOODLOSDOPRHLOGRUVRSHUQHWWDUODHVDUHEEHDVVDLVWXSLWROߞLQQRFHQWHEUXWR$OH[VH RFHQWHEUXWR FHQWHEUXW OH[VH TXDOFXQRJOLGLFHVVHFKHDOODVWUHJXDGLTXHVWRVXRDWWRLRRJJLORJLXGLFROXLH3DQQZLW] JLXGLFRO JLXGLFROX 3DQQZLW] HJOLLQQXPHUHYROLFKHIXURQRFRPHOXLJUDQGLHSLFFROLLQ$XVFKZLW]HRYXQTXH XVFKZLW]HR QTXH QTXH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
ߨ,OFDQWRGL8OLVVH&KLVV FRPHHSHUFK©PL¨YHQXWRLQPHQWHPDQRQDEELDPR WHPSRGLVFHJOLHUHTXHVWߞRUDJL QRQ¨SLºXQߞRUD6H-HDQ¨LQWHOOLJHQWHFDSLU &DSLU RJJLPLVHQWRGDWDQWR ߨ &KL ¨ 'DQWH &KH FRVD ¨ OD &RPPHGLD 4XDOH VHQVD]LRQH FXULRVD GL QRYLW VL SURYD VH VL FHUFD GL G VSLHJDUH LQ EUHYH FKH FRVD ¨ OD 'LYLQD &RPPHGLD &RPH ¨ GLVWULEXLWROߞ,QIHUQRFRVD¨LOFRQWUDSSDVVR9LUJLOLR¨OD5DJLRQH%HDWULFH¨OD7HRORJLD ߞ,QIHUQR ߞ,QIHUQRFR -HDQ¨DWWHQWLVVLPRHGLRFRPLQFLROHQWRHDFFXUDWR ¨DWWHQWLVVLP
SHUGHUHWHPSRGLQRQVSUHFDUHTXHVWߞRUD 3DVVD /LPHQWDQL LO URPDQR VWUDVFLFDQGR L SLHGL FRQ XQD JDPHOOD QDVFRVWD VRWWR OD JLDFFD3LNRORVWDDWWHQWRFRJOLHTXDOFKHSDURODGHOQRVWURGLDORJRHODULSHWHULGHQGRߙ =XSSDFDPSRDFTXD 3DVVD)UHQNHOODVSLD$FFHOHUDUHLOSDVVRQRQVLVDPDLTXHOORIDLOPDOHSHULOPDOH
COPIA NON VENDIBILE
'LTXHVWRVGLTXHVWRVRQRVLFXURVRQRLQJUDGRGLVSLHJDUHD3LNRORGLGLVWLQJXHUH SHUFK© lPLVL PH{ QRQ ¨ lMH PH PLV{ ¨ PROWR SLº IRUWH H SLº DXGDFH ¨ XQ YLQFROR LQIUDQWR ¨ VFDJOLDUH VH VWHVVL DO GL O GL XQD EDUULHUD QRL FRQRVFLDPR EHQH TXHVWR LPSXOVR/ߞDOWRPDUHDSHUWR3LNRORKDYLDJJLDWRSHUPDUHHVDFRVDYXROGLUH¨TXDQGR OߞRUL]]RQWHVLFKLXGHVXVHVWHVVROLEHURGLULWWRHVHPSOLFHHQRQFߞ¨RUPDLFKHRGRUHGL PDUHGROFLFRVHIHURFHPHQWHORQWDQH 6LDPR DUULYDWL DO .UDIWZHUN GRYH ODYRUD LO .RPPDQGR GHL SRVDFDYL &L GHYߞHVVHUH OߞLQJHJQHU /HYL (FFROR VL YHGH VROR OD WHVWD IXRUL GHOOD WULQFHD 0L ID XQ FHQQR FROOD PDQR¨XQXRPRLQJDPEDQRQOߞKRPDLYLVWRJLºGLPRUDOHQRQSDUODPDLGLPDQJLDUH l0DUH DSHUWR{ l0DUH DSHUWR{ 6R FKH ULPD FRQ lGLVHUWR{ lߨ TXHOOD FRPSDJQD 3LFFLROD GDOOD TXDO QRQ IXL GLVHUWR{ PD QRQ UDPPHQWR SLº VH YLHQH SULPD R GRSR ( DQFKHLOYLDJJLRLOWHPHUDULRYLDJJLRDOGLO GHOOHFRORQQHGߞ(UFROHFKHWULVWH]]DVRQR FRVWUHWWRDUDFFRQWDUORLQSURVDXQVDFULOHJLR1RQKRVDOYDWRFKHXQYHUVRPDYDOHOD
ߨ0DPLVLPHSHUOߞDOWRPDUHDSHUWR
TESTO PER STUDIO UNITO
4XL PL IHUPR H FHUFR GL WUDGXUUH 'LVDVWURVR SRYHUR 'DQWH H SRYHUR IUDQFHVH 7XWWDYLD OߞHVSHULHQ]D SDUH SURPHWWD EHQH -HDQ DPPLUD OD EL]]DUUD VLPLOLWXGLQH GHOOD 7XWWD 7XWW OOLQJXDHPLVXJJHULVFHLOWHUPLQHDSSURSULDWRSHUUHQGHUHlDQWLFD{ OLQ ( GRSR l4XDQGR{" ,O QXOOD 8Q EXFR QHOOD PHPRULD l3ULPD FKH V (QHD OD QRPLQDVVH{$OWUREXFR9LHQHDJDOODTXDOFKHIUDPPHQWRQRQXWLOL]]DELOHlߨODSL©WD 'HOYHFFKLRSDGUHQ©ߞOGHELWRDPRUH&KHGRYHYD3HQHORSHIDUOLHWDߨ{VDU SRLHVDWWR"
0LVHIXRULODYRFHHGLVVH4XDQGRߨ 0LVHIXRU 0LVHIXRUL
&RPHIRVVHODOLQJXDFKHSDUODVVH &RPHIRVVHO &RPHIRVVHOD
,QGLODFLPDLQTXDHLQO PHQDQGR ODFLPDLQTX DFLPDLQTX
3XUFRPHTXHOODFXLYHQWRDIIDWLFD 3XU PHTXHOODFXLYH
$SSHVRFRQXQDPDQRDOODVFDODRVFLOODQWHPLLQGLF² ߙ$XMRXUGߞKXLFߞHVW3ULPRTXLYLHQGUDDYHFPRLFKHUFKHUODVRXSH )LQRDOJLRUQRSULPDHUDVWDWR6WHUQLOWUDQVLOYDQRVWUDELFRRUDTXHVWLHUDFDGXWRLQ GLVJUD]LD SHU QRQ VR FKH VWRULD GL VFRSH UXEDWH LQ PDJD]]LQR H 3LNROR HUD ULXVFLWR DG DSSRJJLDUHODPLDFDQGLGDWXUDFRPHDLXWRQHOOߞl(VVHQKROHQ{QHOODFRUY©HTXRWLGLDQDGHO GHO UDQFLR 6L DUUDPSLF² IXRUL HG LR OR VHJXLL VEDWWHQGR OH FLJOLD QHOOR VSOHQGRUH GHO JLRUQR JLRUQR )DFHYDWLHSLGRIXRULLOVROHVROOHYDYDGDOODWHUUDJUDVVDXQOHJJHURRGRUHGLYHUQLFHHGL YHUQLF H G GL FDWUDPHFKHPLULFRUGDYDXQDTXDOFKHVSLDJJLDHVWLYDGHOODPLDLQIDQ]LD3LNRORPLGLHGH 3LNRORPL 3LNRORPLG XQDGHOOHGXHVWDQJKHHFLLQFDPPLQDPPRVRWWRXQFKLDURFLHORGLJLXJQR JQR QR &RPLQFLDYRDULQJUD]LDUORPDPLLQWHUUXSSHQRQRFFRUUHYD6LYHGHYDQRL&DUSD]L YHGHYDQR YHGHYDQR DUSD]L FRSHUWLGLQHYH5HVSLUDLOߞDULDIUHVFDPLVHQWLYRLQVROLWDPHQWHOHJJHUR JJHUR ߙ 7X HV IRX GH PDUFKHU VL YLWH 2Q D OH WHPSV WX VDLV ߙ ,O UDQFLR VVL ULWLUDYD LWLUDYD D XQ FKLORPHWURGLGLVWDQ]DELVRJQDYDSRLULWRUQDUHFRQODPDUPLWWDGLFLQTXDQWDFKLOLLQILODWD LWWDGLFLQT QWDFKLOLLQIL QHOOHVWDQJKH(UDXQODYRURDEEDVWDQ]DIDWLFRVRSHU²FRPSRUWDYDXQDJUDGHYROHPDUFLD UWDYDX YD DGHYROH DGHYROHP GLDQGDWDVHQ]DFDULFRHOߞRFFDVLRQHVHPSUHGHVLGHUDELOHGLDYYLFLQDUVLDOOHFXFLQH XF XFL 5DOOHQWDPPRLOSDVVR3LNRORHUDHVSHUWRDYHYDVFHOWRDFFRUWDPHQWHODYLDLQPRGR FKH DYUHPPR IDWWR XQ OXQJR JLUR FDPPLQDQGR DOPHQR XQߞRUD VHQ]D GHVWDUH VRVSHWWL 3DUODYDPR GHOOH QRVWUH FDVH GL 6WUDVEXUJR H GL 7RULQR GHOOH QRVWUH OHWWXUH GHL QRVWUL VWXGL 'HOOH QRVWUH PDGUL FRPH VL VRPLJOLDQR WXWWH OH PDGUL $QFKH VXD PDGUH OR ULPSURYHUDYDGLQRQVDSHUPDLTXDQWRGHQDURDYHYDLQWDVFDDQFKHVXDPDGUHVLVDUHEEH VWXSLWDVHDYHVVHSRWXWRVDSHUHFKHVHOߞHUDFDYDWDFKHJLRUQRSHUJLRUQRVHODFDYDYD 3DVV²XQD66LQELFLFOHWWD5XGLLO%ORFNI¼KUHU$OWVXOOߞDWWHQWLWRJOLHUVLLOEHUUHWWR ߙ6DOHEUXWHFHOXLO (LQJDQ]JHPHLQHU+XQGߙ3HUOXL¨LQGLIIHUHQWHSDUODUHIUDQFHVHR WHGHVFR"LQGLIIHUHQWHSX²SHQVDUHLQHQWUDPEHOHOLQJXHVWDWRLQ/LJXULDXQPHVH JOLSLDFHOߞ,WDOLDYRUUHEEHLPSDUDUHOߞLWDOLDQR,RVDUHLFRQWHQWRGLLQVHJQDUJOLOߞLWDOLDQR QRQSRVVLDPRIDUOR"3RVVLDPR$QFKHVXELWRXQDFRVDYDOHOߞDOWUDOߞLPSRUWDQWH¨GLQRQ
&RPLQFL²DFUROODUVLPRUPRUDQGR &RPLQ FUROODUVL FUROODUVLP
/RPDJJLRUFRUQRGHOODILDPPDDQWLFD /RPDJJLR RPDJJLR QR QR
IO D U E T S BIL I R D E P EN O V T N S TE NO
VXRLFKLPLFLFHQFLRVLHDIIDPDWLߙ,KU'RNWRUHQ,KU,QWHOOLJHQWHQߙVJKLJQD]]DYDRJQL JLRUQRYHGHQGROLDFFDOFDUVLFROOHJDPHOOHWHVHDOODGLVWULEX]LRQHGHOUDQFLR1HLULJXDUGL GHL0HLVWHUFLYLOLHUDHVWUHPDPHQWHDUUHQGHYROHHVHUYLOHHFRQOH66PDQWHQHYDYLQFROL GLFRUGLDOHDPLFL]LD (UD SDOHVHPHQWH LQWLPLGLWR GDO UHJLVWUR GL .RPPDQGR H GDO UDSSRUWLQR TXRWLGLDQR GHOOH SUHVWD]LRQL H TXHVWD HUD VWDWD OD YLD FKH 3LNROR DYHYD VFHOWD SHU UHQGHUJOLVL QHFHVVDULR(UDVWDWDXQߞRSHUDOHQWDFDXWDHVRWWLOHFKHOߞLQWHUR.RPPDQGRDYHYDVHJXLWD SHU XQ PHVH D ILDWR VRVSHVR PD DOOD ILQH OD GLIHVD GHOOߞLVWULFH IX SHQHWUDWD H 3LNROR FRQIHUPDWRQHOODFDULFDFRQVRGGLVID]LRQHGLWXWWLJOLLQWHUHVVDWL 3HUTXDQWR-HDQQRQDEXVDVVHGHOODVXDSRVL]LRQHJL DYHYDPRSRWXWRFRQVWDWDUHFKH XQDVXDSDURODGHWWDQHOWRQRJLXVWRHDOPRPHQWRJLXVWRDYHYDJUDQGHSRWHUHJL SLº YROWH HUD YDOVD D VDOYDUH TXDOFXQR GL QRL GDOOD IUXVWD R GDOOD GHQXQ]LD DOOH 66 'D XQD VHWWLPDQDHUDYDPRDPLFLFLHUDYDPRVFRSHUWLQHOODHFFH]LRQDOHRFFDVLRQHGLXQDOODUPH DHUHR PD SRL SUHVL GDO ULWPR IHURFH GHO /DJHU QRQ DYHYDPR SRWXWR FKH VDOXWDUFL GL VIXJJLWDDOOHODWULQHDOODYDWRLR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
6 V lDOWD WDQWR{ QRQ lPROWR DOWD{ SURSRVL]LRQH FRQVHFXWLYD ( OH PRQWDJQH TXDQGRVLYHGRQRGLORQWDQRߨOHPRQWDJQHߨRK3LNROR3LNRORGLߞTXDOFRVDSDUODQRQ ODVFLDUPL SHQVDUH DOOH PLH PRQWDJQH FKH FRPSDULYDQR QHO EUXQR GHOOD VHUD TXDQGR WRUQDYRLQWUHQRGD0LODQRD7RULQR %DVWDELVRJQDSURVHJXLUHTXHVWHVRQRFRVHFKHVLSHQVDQRPDQRQVLGLFRQR3LNROR DWWHQGHHPLJXDUGD 'DUHLOD]XSSDGLRJJLSHUVDSHUVDOGDUHlQRQQHDYHYRDOFXQD{FROILQDOH0LVIRU]R GLULFRVWUXLUHSHUPH]]RGHOOHULPHFKLXGRJOLRFFKLPLPRUGROHGLWDPDQRQVHUYHLO UHVWR¨VLOHQ]LR0LGDQ]DQRSHULOFDSRDOWULYHUVLlߨODWHUUDODJULPRVDGLHGHYHQWRߨ{
&KHPDLYHGXWDQRQQHDYHYRDOFXQD
3HUODGLVWDQ]DHSDUYHPLDOWDWDQWR
ߨ4XDQGRPLDSSDUYHXQDPRQWDJQDEUXQD
ߨ H PL VIRU]R PD LQYDQR GL VSLHJDUH TXDQWH FRVH YXRO GLUH TXHVWR R lDFXWL{ lDFXWL{ 4XL DQFRUD XQD ODFXQD TXHVWD YROWD LUUHSDUDELOH lߨ /R OXPH HUD GL VRWWR OXQD{ RWWR WWR GHOOD OX { R TXDOFRVDGLVLPLOHPDSULPD"ߨ1HVVXQDLGHDlNHLQH$KQXQJ{FRPHVLGLFHTXL&KH RPHVLGLFH PHVLGLFH L&KH 3LNRORPLVFXVLKRGLPHQWLFDWRDOPHQRTXDWWURWHU]LQH ߙDQHIDLWULHQYDV\WRXWGHPªPH
/LPLHLFRPSDJQLIHFߞLRVDFXWLߨ
COPIA NON VENDIBILE
7UDWWHQJR 3LNROR ¨ DVVROXWDPHQWH QHFHVVDULR H XUJHQWH FKH DVFROWL FKH FRPSUHQGD TXHVWR lFRPH DOWUXL SLDFTXH{ SULPD FKH VLD WURSSR WDUGL GRPDQL OXL R LR SRVVLDPR HVVHUH PRUWL R QRQ YHGHUFL PDL SLº GHYR GLUJOL VSLHJDUJOL GHO 0HGLRHYR GHO FRV XPDQR H QHFHVVDULR H SXUH LQDVSHWWDWR DQDFURQLVPR H DOWUR DQFRUD TXDOFRVD GL JLJDQWHVFRFKHLRVWHVVRKRYLVWRRUDVROWDQWRQHOOߞLQWXL]LRQHGLXQDWWLPRIRUVHLOSHUFK© HLRVWH LRVWH GHOQRVWURGHVWLQRGHOQRVWURHVVHUHRJJLTXLߨ GHVWLQRGHO HVWLQRGH
(ODSURUDLUHLQJLºFRPHDOWUXLSLDFTXHߨ
$OODTXDUWDOHYDUODSRSSDLQVXVR
7UHYROWHLOIHߞJLUDUFRQWXWWHOߞDFTXH
QR¨XQߞDOWUDFRVDWDUGL¨WDUGLVLDPRDUULYDWLDOODFXFLQDELVRJQDFRQFOXGHUH
,QILQFKHߞOPDUIXVRSUDQRLULQFKLXVR ,QILQFKHߞOP ,QILQFKHߞOPD
TESTO PER STUDIO UNITO
DPR RUDPDL RUDPDL QHOOD ILOD SHU OD ]XSSD LQ PH]]R DOOD IROOD VRUGLGD H VEULQGHOODWD GHL 6LDPR SRUWD]XSSD UWD]XSSD GGHJOL L DDOWUL .RPPDQGRV , QXRYL JLXQWL FL VL DFFDOFDQR DOOH VSDOOH ߙ .UDXW 5¼EHQ" ߙ .UDXW XXQG 5¼EHQ ߙ 6L DQQXQ]LD XIILFLDOPHQWH FKH RJJL OD ]XSSD ¨ GL XQG 5¼EH 5¼EHQ FDYROLHUDSHߙ&KRX[HWQDYHWVߙ.¡SRV]WD©VU©SDN FDYROLH DYRO SHߙ&KRX[ Hߙ&KRX[
IO D U E T S BIL I R D E P EN O V T N S TE NO
&RPHVHDQFKߞLRORVHQWLVVLSHUODSULPDYROWDFRPHXQRVTXLOORGLWURPEDFRPHOD YRFHGL'LR3HUXQPRPHQWRKRGLPHQWLFDWRFKLVRQRHGRYHVRQR 3LNRORPLSUHJDGLULSHWHUH&RPH¨EXRQR3LNRORVL¨DFFRUWRFKHPLVWDIDFHQGRGHO EHQH 2 IRUVH ¨ TXDOFRVD GL SLº IRUVH QRQRVWDQWH OD WUDGX]LRQH VFLDOED H LO FRPPHQWR SHGHVWUHHIUHWWRORVRKDULFHYXWRLOPHVVDJJLRKDVHQWLWRFKHORULJXDUGDFKHULJXDUGD WXWWLJOLXRPLQLLQWUDYDJOLRHQRLLQVSHFLHHFKHULJXDUGDQRLGXHFKHRVLDPRUDJLRQDUH GLTXHVWHFRVHFRQOHVWDQJKHGHOOD]XSSDVXOOHVSDOOH
0DSHUVHJXLUYLUWXWHHFRQRVFHQ]D
)DWWLQRQIRVWHDYLYHUFRPHEUXWL
&RQVLGHUDWHODYRVWUDVHPHQ]D
l6L PHWWD{ GRYHYR YHQLUH LQ /DJHU SHU DFFRUJHUPL FKH ¨ OD VWHVVD HVSUHVVLRQH GL SULPD lH PLVL PH{ 0D QRQ QH IDFFLR SDUWH D -HDQ QRQ VRQR VLFXUR FKH VLD XQD RVVHUYD]LRQH LPSRUWDQWH 4XDQWH DOWUH FRVH FL VDUHEEHUR GD GLUH H LO VROH ¨ JL DOWR PH]]RJLRUQR¨YLFLQR+RIUHWWDXQDIUHWWDIXULERQGD (FFRDWWHQWR3LNRORDSULJOLRUHFFKLHODPHQWHKRELVRJQRFKHWXFDSLVFD
ߨ$FFL²FKHOߞXRPSLºROWUHQRQVLPHWWD
SHQDGLIHUPDUFLVL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
0D QHOOߞDJRVWR ߞ LQFRPLQFLDURQR L ERPEDUGDPHQWL VXOOߞ$OWD 6OHVLD H VL
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
SUROXQJDURQRFRQSDXVHHULSUHVHLUUHJRODULSHUWXWWDOߞHVWDWHHOߞDXWXQQRILQRDOODFULVL GHILQLWLYD ,O PRVWUXRVR FRQFRUGH WUDYDJOLR GL JHVWD]LRQH GHOOD %XQD VL DUUHVW² EUXVFDPHQWH H VXELWR GHJHQHU² LQ XQD DWWLYLW VOHJDWD IUHQHWLFD H SDURVVLVWLFD ,O JLRUQR LQ FXL OD SURGX]LRQHGHOODJRPPDVLQWHWLFDDYUHEEHGRYXWRLQFRPLQFLDUHFKHQHOOߞDJRVWRSDUHYD LPPLQHQWHIXYLDYLDULPDQGDWRHLWHGHVFKLILQLURQRFROQRQSDUODUQHSLº ,O ODYRUR FRVWUXWWLYR FHVV² OD SRWHQ]D GHOOR VWHUPLQDWR JUHJJH GL VFKLDYL IX ULYROWD DOWURYH H VL IHFH GL JLRUQR LQ JLRUQR SLº ULRWWRVD H SDVVLYDPHQWH QHPLFD $ RJQL LQFXUVLRQH FߞHUDQR VHPSUH QXRYL JXDVWL GD ULSDUDUH VPRQWDUH H VPRELOLWDUH LO GHOLFDWR PDFFKLQDULRGDSRFKLJLRUQLPHVVRIDWLFRVDPHQWHLQRSHUDHULJHUHIUHWWRORVDPHQWHULIXJL HSURWH]LRQLFKHDOODSURVVLPDSURYDVLULYHODYDQRLURQLFDPHQWHLQFRQVLVWHQWLHYDQL KHDOOD KHDOOD 1RL DYHYDPR YDPR FUHGXWR FUHGX FKH RJQL FRVD VDUHEEH VWDWD SUHIHULELOH DOOD PRQRWRQLD GHOOH FUH JLRUQDWHXJXDOLHDFFDQLWDPHQWHOXQJKHDOORVTXDOORUHVLVWHPDWLFRHRUGLQDWRGHOOD%XQD XJXDOLHDF LQRSHUDPDDEELDPRGRYXWRPXWDUHSHQVLHURTXDQGROD%XQDKDFRPLQFLDWRDFDGHUHD HUDPDDEE SH]]L ]]L LQWRUQR D QRL QR FRPH FROSLWD GD XQD PDOHGL]LRQH LQ FXL QRL VWHVVL FL VHQWLYDPR QRL $EELDPR VXGDUH IUD OD SROYHUH H OH PDFHULH URYHQWL H WUHPDUH FRPH FRLQYROWL $ ELDPR DPR GRYXWR GR EHVWLHVFKLDFFLDWLDWHUUDVRWWRODUDEELDGHJOLDHUHLWRUQDYDPRODVHUDLQFDPSRURWWLGL EHVWLH EHVWLHV DFFLDWLDWHU IDWLFD H DVFLXJDWL GDOOD VHWH QHOOH VHUH OXQJKLVVLPH H YHQWRVH GHOOߞHVWDWH SRODFFD H IDWLFD G WURYDYDPRLOFDPSRVFRQYROWRQLHQWHDFTXDSHUEHUHHODYDUVLQLHQWH]XSSDSHUOHYHQH WUR YDPRLOFDP YXRWH XRWH RWH QLHQWH QLHQWH OXFH SHU GLIHQGHUH LO SH]]R GL SDQH OߞXQR GDOOD IDPH GHOOߞDOWUR H SHU ULWURYDUHDOPDWWLQROHVFDUSHHJOLDELWLQHOODEROJLDEXLDHXUODQWHGHO%ORFN ULWURYDUH ULWURYDUHD 1HOOD%XQDLPSHUYHUVDYDQRLFLYLOLWHGHVFKLQHOIXURUHGHOOߞXRPRVLFXURFKHVLGHVWD 1HOO 1HOOD GDXQOXQJRVRJQRGLGRPLQLRHYHGHODVXDURYLQDHQRQODVDFRPSUHQGHUH$QFKHL GD GDX X 5HLFKVGHXWVFKH GHO /DJHU SROLWLFL FRPSUHVL QHOOߞRUD GHO SHULFROR ULVHQWLURQR LO OHJDPH 5 GHOVDQJXHHGHOVXROR,OIDWWRQXRYRULSRUW²OߞLQWULFRGHJOLRGLLHGHOOHLQFRPSUHQVLRQLDL VXRLWHUPLQLHOHPHQWDULHULGLYLVHLGXHFDPSLLSROLWLFLLQVLHPHFRQLWULDQJROLYHUGLHOH 66YHGHYDQRRFUHGHYDQRGLYHGHUHLQRJQXQRGHLQRVWULYLVLORVFKHUQRGHOODULYLQFLWD H OD WULVWD JLRLD GHOOD YHQGHWWD (VVL WURYDURQR FRQFRUGLD LQ TXHVWR H OD ORUR IHURFLD UDGGRSSL² 1HVVXQWHGHVFRSRWHYDRUPDLGLPHQWLFDUHFKHQRLHUDYDPRGDOOߞDOWUDSDUWHGDOODSDUWH GHL WHUULELOL VHPLQDWRUL FKH VROFDYDQR LO FLHOR WHGHVFR GD SDGURQL DO GL VRSUD GL RJQL VEDUUDPHQWRHWRUFHYDQRLOIHUURYLYRGHOOHORURRSHUHSRUWDQGRRJQLJLRUQRODVWUDJHILQ GHQWURDOOHORURFDVHQHOOHFDVHPDLSULPDYLRODWHGHOSRSRORWHGHVFR 4XDQWR D QRL HUDYDPR WURSSR GLVWUXWWL SHU WHPHUH YHUDPHQWH , SRFKL FKH DQFRUD VDSHVVHUR UHWWDPHQWH JLXGLFDUH H VHQWLUH WUDVVHUR GDL ERPEDUGDPHQWL QXRYD IRU]D H VSHUDQ]DFRORURFKHODIDPHQRQDYHYDDQFRUDULGRWWRDOOߞLQHU]LDGHILQLWLYDSURILWWDURQR VSHVVR GHL PRPHQWL GL SDQLFR JHQHUDOH SHU LQWUDSUHQGHUH VSHGL]LRQL GRSSLDPHQWH WHPHUDULH SRLFK© ROWUH DO ULVFKLR GLUHWWR GHOOH LQFXUVLRQL LO IXUWR FRQVXPDWR LQ FRQGL]LRQL GL HPHUJHQ]D HUD SXQLWR FRQ OߞLPSLFFDJLRQH DOOD FXFLQD GL IDEEULFD H DL PDJD]]LQL 0D OD PDJJLRU SDUWH VRSSRUW² LO QXRYR SHULFROR H LO QXRYR GLVDJLR FRQ LPPXWDWDLQGLIIHUHQ]DQRQHUDUDVVHJQD]LRQHFRVFLHQWHPDLOWRUSRUHRSDFRGHOOHEHVWLH GRPDWHFRQOHSHUFRVVHDFXLQRQGROJRQRSLºOHSHUFRVVH $QRLOߞDFFHVVRDLULIXJLFRUD]]DWLHUDYLHWDWR4XDQGRODWHUUDFRPLQFLDYDDWUHPDUH
IO D U E T S BIL I R D E P EN O V T N S TE NO
'XUDQWHWXWWDODSULPDYHUDHUDQRDUULYDWLWUDVSRUWLGDOOߞ8QJKHULDXQSULJLRQLHURRJQL GXH HUD XQJKHUHVH OߞXQJKHUHVH HUD GLYHQWDWR GRSR Oߞ\LGGLVFK OD VHFRQGD OLQJXD GHO FDPSR 1HO PHVH GL DJRVWR QRL HQWUDWL FLQTXH PHVL SULPD FRQWDYDPR RUPDL IUD JOL DQ]LDQL&RPHWDOLQRLGHO.RPPDQGRQRQFLHUDYDPRVWXSLWLFKHOHSURPHVVHIDWWHFL H OߞHVDPH GL FKLPLFD VXSHUDWR QRQ DYHVVHUR SRUWDWR D FRQVHJXHQ]H Q© VWXSLWL Q© UDWWULVWDWL ROWUH PLVXUD LQ IRQGR DYHYDPR WXWWL XQ FHUWR WLPRUH GHL FDPELDPHQWL l4XDQGR VL FDPELD VL FDPELD LQ SHJJLR{ GLFHYD XQR GHL SURYHUEL GHO FDPSR 3Lº LQ JHQHUDOHOߞHVSHULHQ]DFLDYHYDJL GLPRVWUDWRLQILQLWHYROWHODYDQLW GLRJQLSUHYLVLRQH D FKH VFRSR WUDYDJOLDUVL SHU SUHYHGHUH OߞDYYHQLUH TXDQGR QHVVXQ QRVWUR DWWR QHVVXQD QRVWUD SDUROD OR DYUHEEH SRWXWR PLQLPDPHQWH LQIOXHQ]DUH" (UDYDPR GHL YHFFKL +¤IWOLQJHODQRVWUDVDJJH]]DHUDLOlQRQFHUFDUGLFDSLUH{QRQUDSSUHVHQWDUVLLOIXWXUR QRQ WRUPHQWDUVL VXO FRPH H VXO TXDQGR WXWWR VDUHEEH ILQLWR QRQ SRUUH H QRQ SRUVL UVL GRPDQGH &RQVHUYDYDPR L ULFRUGL GHOOD QRVWUD YLWD DQWHULRUH PD YHODWL H ORQWDQL H SHUFL² SHUFL SURIRQGDPHQWH GROFL H WULVWL FRPH VRQR SHU RJQXQR L ULFRUGL GHOOD SULPD LQIDQ]LD QIDQ]L HH G QIDQ]LD GL WXWWH OH FRVH ILQLWH PHQWUH SHU RJQXQR LO PRPHQWR GHOOߞLQJUHVVR DO FDPSR VWDYD V DOOߞRULJLQH GL XQD GLYHUVD VHTXHQ]D GL ULFRUGL YLFLQL H GXUL TXHVWL WL L FRQWLQXDPHQWH FRQWLQXD QWH FRQIHUPDWLGDOODHVSHULHQ]DSUHVHQWHFRPHIHULWHRJQLJLRUQRULDSHUWH H /HQRWL]LHDSSUHVHLQFDQWLHUHGHOORVEDUFRDOOHDWRLQ1RUPDQGLDGHOOߞRIIHQVLYDUXVVD GLDGHOOߞRI GLDGHOOߞRII LYDUXVVD H GHO IDOOLWR DWWHQWDWR D +LWOHU DYHYDQR VROOHYDWR RQGDWH GL VSHUDQ]D VSHUDQ] YLROHQWH PD HIILPHUH 2JQXQR VHQWLYD JLRUQR SHU JLRUQR OH IRU]H IXJJLUH YLYHUH XJJLUH OD YRORQW RQW GL YLY VFLRJOLHUVL OD PHQWH RWWHQHEUDUVL H OD 1RUPDQGLD H OD 5XVVLD FRV ORQWDQH H XVVLD D HUDQR H ORQW ORQ OߞLQYHUQRFRVYLFLQRFRVFRQFUHWHODIDPHHODGHVROD]LRQHHFRVLUUHDOHWXWWRLOUHVWR XWW FKHQRQSDUHYDSRVVLELOHFKHYHUDPHQWHHVLVWHVVHXQPRQGRHXQWHPSRVHQRQLOQRVWUR PRQGRGLIDQJRHLOQRVWURWHPSRVWHULOHHVWDJQDQWHDFXLHUDYDPRRUDPDLLQFDSDFLGL LPPDJLQDUHXQDILQH 3HU JOL XRPLQL YLYL OH XQLW GHO WHPSR KDQQR VHPSUH XQ YDORUH LO TXDOH ¨ WDQWR PDJJLRUHTXDQWRSLºHOHYDWHVRQROHULVRUVHLQWHUQHGLFKLOHSHUFRUUHPDSHUQRLRUH JLRUQLHPHVLVLULYHUVDYDQRWRUSLGLGDOIXWXURQHOSDVVDWRVHPSUHWURSSROHQWLPDWHULD YLOHHVXSHUIOXDGLFXLFHUFDYDPRGLGLVIDUFLDOSLºSUHVWR&RQFKLXVRLOWHPSRLQFXLL JLRUQL VL LQVHJXLYDQR YLYDFL SUH]LRVL H LUUHSDUDELOL LO IXWXUR FL VWDYD GDYDQWL JULJLR H LQDUWLFRODWRFRPHXQDEDUULHUDLQYLQFLELOH3HUQRLODVWRULDVLHUDIHUPDWD
,IDWWLGHOOߞHVWDWH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
,QTXHVWRPRQGRVFRVVRRJQLJLRUQRSLºSURIRQGDPHQWHGDLIUHPLWLGHOODILQHYLFLQD IUDQXRYLWHUURULHVSHUDQ]HHLQWHUYDOOLGLVFKLDYLWºHVDFHUEDWDPLDFFDGGHGLLQFRQWUDUH /RUHQ]R /D VWRULD GHOOD PLD UHOD]LRQH FRQ /RUHQ]R ¨ LQVLHPH OXQJD H EUHYH SLDQD HG HQLJPDWLFDHVVD¨XQDVWRULDGLXQWHPSRHGLXQDFRQGL]LRQHRUPDLFDQFHOODWLGDRJQL UHDOW SUHVHQWH H SHUFL² QRQ FUHGR FKH SRWU HVVHUH FRPSUHVD DOWULPHQWL GL FRPH VL FRPSUHQGRQRRJJLLIDWWLGHOODOHJJHQGDHGHOODVWRULDSLºUHPRWD ,QWHUPLQLFRQFUHWLHVVDVLULGXFHDSRFDFRVDXQRSHUDLRFLYLOHLWDOLDQRPLSRUW²XQ SH]]R GL SDQH H JOL DYDQ]L GHO VXR UDQFLR RJQL JLRUQR SHU VHL PHVL PL GRQ² XQD VXD PDJOLDSLHQDGLWRSSHVFULVVHSHUPHLQ,WDOLDXQDFDUWROLQDHPLIHFHDYHUHODULVSRVWD VWD WD 3HUWXWWRTXHVWRQRQFKLHVHQ©DFFHWW²DOFXQFRPSHQVRSHUFK©HUDEXRQRHVHPSOLFHH OLFHH QRQSHQVDYDFKHVLGRYHVVHIDUHLOEHQHSHUXQFRPSHQVR 7XWWRTXHVWRQRQGHYHVHPEUDUHSRFR,OPLRFDVRQRQ¨VWDWRLOVRORFRPHJL VL¨ RPHJ VL ¨ RPHJL GHWWR DOWUL IUD QRL DYHYDQR UDSSRUWL GL YDULR JHQHUH FRQ FLYLOL H QH WUDHYDQR DHYDQR GL G FKH VRSUDYYLYHUHPDHUDQRUDSSRUWLGLGLYHUVDQDWXUD,QRVWULFRPSDJQLQHSDUODYDQRFRQOR HSDUODYDQR SDUODYDQR QOR VWHVVRWRQRDPELJXRHSLHQRGLVRWWLQWHVLFRQFXLJOLXRPLQLGLPRQGRSDUODQRGHOOHORUR GRSDUODQR GRSDUODQRG OHORUR HORUR UHOD]LRQL IHPPLQLOL H FLR¨ FRPH GL DYYHQWXUH GL FXL VL SX² D EXRQ GLULWWR GL R DQGDUH G RUJRJOLRVLHGLFXLVLGHVLGHUDHVVHUHLQYLGLDWLOHTXDOLSHU²DQFKHSHUOHFRVFLHQ]HSLº DQFKHSHUO RVFLHQ]HSLº DQFKHSHUOH SDJDQH ULPDQJRQR SXU VHPSUH DO PDUJLQH GHO OHFLWR H GHOOߞRQHVWR GHOOߞRQHVWR SHU HU FXL VDUHEEH VDUH VFRUUHWWRHVFRQYHQLHQWHSDUODUQHFRQWURSSDFRPSLDFHQ]D&RVJOL+¤IWOLQJHUDFFRQWDQR RVJOL JO QJHUDFF GHLORURlSURWHWWRUL{HlDPLFL{FLYLOLFRQRVWHQWDWDGLVFUH]LRQHVHQ]DIDUQRPLSHUQRQ P PL FRPSURPHWWHUOL H DQFKH H VRSUDWWXWWR SHU QRQ FUHDUVL LQGHVLGHUDELOL ULYDOL , SLº FRQVXPDWLLVHGXWWRULGLSURIHVVLRQHFRPH+HQULQRQQHSDUODQRDIIDWWRHVVLFLUFRQGDQR LORURVXFFHVVLGLXQߞDXUDGLHTXLYRFRPLVWHURHVLOLPLWDQRDJOLDFFHQQLHDOOHDOOXVLRQL FDOFRODWHLQPRGRGDVXVFLWDUHQHJOLDVFROWDWRULODOHJJHQGDFRQIXVDHLQTXLHWDQWHFKHHVVL JRGDQRGHOOHEXRQHJUD]LHGLFLYLOLLOOLPLWDWDPHQWHSRWHQWLHJHQHURVL4XHVWRLQYLVWDGL XQ SUHFLVR VFRSR OD IDPD GL IRUWXQD FRPH DOWURYH DEELDPR GHWWR VL GLPRVWUD GL IRQGDPHQWDOHXWLOLW DFKLVDFLUFRQGDUVHQH /DIDPDGLVHGXWWRUHGLlRUJDQL]]DWR{VXVFLWDLQVLHPHLQYLGLDVFKHUQRGLVSUH]]RH DPPLUD]LRQH&KLVLODVFLDYHGHUHLQDWWRGLPDQJLDUHUREDlRUJDQL]]DWD{YLHQHJLXGLFDWR DVVDL VHYHUDPHQWH ¨ TXHVWD XQD JUDYH PDQFDQ]D GL SXGRUH H GL WDWWR ROWUH FKH XQD HYLGHQWHVWROWH]]D$OWUHWWDQWRVWROWRHLPSHUWLQHQWHVDUHEEHGRPDQGDUHlFKLWHOߞKDGDWR"
COPIA NON VENDIBILE
GRYHOߞKDLWURYDWR"FRPHKDLIDWWR"{6RORL*URVVL1XPHULVFLRFFKLLQXWLOLHLQGLIHVLFKH QXOODVDQQRGHOOHUHJROHGHO/DJHUIDQQRGLTXHVWHGRPDQGHDTXHVWHGRPDQGHQRQVL ULVSRQGH R VL ULVSRQGH l9HUVFKZLQGH 0HQVFK{ l+DXߞ DE{ l8FLHNDM{ l6FKLHVVߞ LQ GHQ :LQG{ l9D FKLHU{ FRQ XQR LQVRPPD GHL PROWLVVLPL HTXLYDOHQWL GL l/©YDWL GL WRUQR{GLFXL¨ULFFRLOJHUJRGHOFDPSR &ߞ¨ DQFKH FKL VL VSHFLDOL]]D LQ FRPSOHVVH H SD]LHQWL FDPSDJQH GL VSLRQDJJLR SHU LQGLYLGXDUHTXDO¨LOFLYLOHRLOJUXSSRGLFLYLOLDFXLLOWDOHIDFDSRHFHUFDSRLLQYDUL PRGLGLVRSSLDQWDUOR1HQDVFRQRLQWHUPLQDELOLFRQWURYHUVLHGLSULRULW UHVHSLºDPDUH SHU LO SHUGHQWH GDO IDWWR FKH XQ FLYLOH JL lVJURVVDWR{ ¨ TXDVL VHPSUH SLº UHGGLWL]LR H VRSUDWWXWWR SLº VLFXUR GL XQ FLYLOH DO VXR SULPR FRQWDWWR FRQ QRL XQ FLYLOH FKH YDOH PROWR GL SLº SHU HYLGHQWL UDJLRQL VHQWLPHQWDOL H WHFQLFKH FRQRVFH JL L IRQGDPHQWL HHY GHOOߞlRUJDQL]]D]LRQH{OHVXHUHJROHHLVXRLSHULFROLHLQROWUHKDGLPRVWUDWRGLHVVHUHLQ L]]D]LRQH L]]D]LRQH{ JUDGRGLVXSHUDUHODEDUULHUDGLFDVWD VXSHUDUHOD ,QIDWWLQRLSHULFLYLOLVLDPRJOLLQWRFFDELOL,FLYLOLSLº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º DELHWWL H PDL OHJJRQR QHL RFFKL XQD OXFH GL ULEHOOLRQH R GL SDFH R GL IHGH &L FRQRVFRQR ODGUL H PDOILGL QRVWUL RFF RFFK IDQJRVL FHQFLRVL H DIIDPDWL H FRQIRQGHQGR OߞHIIHWWR FRQ OD FDXVD FL JLXGLFDQR GHJQL IDQJRVL GHOOD QRVWUD DELH]LRQH &KL SRWUHEEH GLVWLQJXHUH L QRVWUL YLVL" SHU ORUR QRL VLDPR GHOO GHOOD l.D]HWW{QHXWURVLQJRODUH l l. 1DWXUDOPHQWHTXHVWRQRQLPSHGLVFHDPROWLGLORURGLJHWWDUFLTXDOFKHYROWDXQSH]]R GLSDQHRXQDSDWDWDRGLDIILGDUFLGRSRODGLVWULEX]LRQHGHOODl=LYLOVXSSH{LQFDQWLHUH OHORURJDPHOOHGDUDVFKLDUHHUHVWLWXLUHODYDWH(VVLYLVLLQGXFRQRSHUWRJOLHUVLGLWRUQR TXDOFKHLPSRUWXQRVJXDUGRIDPHOLFRRSHUXQPRPHQWDQHRLPSXOVRGLXPDQLW RSHUOD VHPSOLFHFXULRVLW GLYHGHUFLDFFRUUHUHGDRJQLSDUWHDFRQWHQGHUFLLOERFFRQHOߞXQOߞDOWUR EHVWLDOPHQWH H VHQ]D ULWHJQR ILQFK© LO SLº IRUWH OR LQJR]]D H DOORUD WXWWL JOL DOWUL VH QH YDQQRVFRUQDWLH]RSSLFDQWL 2UD WUD PH H /RUHQ]R QRQ DYYHQQH QXOOD GL WXWWR TXHVWR 3HU TXDQWR GL VHQVR SX² DYHUH LO YROHU SUHFLVDUH OH FDXVH SHU FXL SURSULR OD PLD YLWD IUD PLJOLDLD GL DOWUH HTXLYDOHQWLKDSRWXWRUHJJHUHDOODSURYDLRFUHGRFKHSURSULRD/RUHQ]RGHEERGLHVVHUH YLYR RJJL H QRQ WDQWR SHU LO VXR DLXWR PDWHULDOH TXDQWR SHU DYHUPL FRVWDQWHPHQWH UDPPHQWDWR FRQ OD VXD SUHVHQ]D FRQ LO VXR PRGR FRV SLDQR H IDFLOH GL HVVHUH EXRQR FKHDQFRUDHVLVWHYDXQPRQGRJLXVWRDOGLIXRULGHOQRVWURTXDOFRVDHTXDOFXQRGLDQFRUD SXURHLQWHURGLQRQFRUURWWRHQRQVHOYDJJLRHVWUDQHRDOOߞRGLRHDOODSDXUDTXDOFRVDGL DVVDL PDO GHILQLELOH XQD UHPRWD SRVVLELOLW GL EHQH SHU FXL WXWWDYLD PHWWHYD FRQWR GL FRQVHUYDUVL , SHUVRQDJJL GL TXHVWH SDJLQH QRQ VRQR XRPLQL /D ORUR XPDQLW ¨ VHSROWD R HVVL VWHVVL OߞKDQQR VHSROWD VRWWR OߞRIIHVD VXELWD R LQIOLWWD DOWUXL /H 66 PDOYDJH H VWROLGH L .DSRV L SROLWLFL L FULPLQDOL L SURPLQHQWL JUDQGL H SLFFROL ILQR DJOL +¤IWOLQJH
FLWUDVFLQDYDPRVWRUGLWLH]RSSLFDQWLDWWUDYHUVRLIXPLFRUURVLYLGHLQHEELRJHQLILQRDOOH YDVWHDUHHLQFROWHVRUGLGHHVWHULOLUDFFKLXVHQHOUHFLQWRGHOOD%XQDO JLDFHYDPRLQHUWL DPPRQWLFFKLDWL JOL XQL VXJOL DOWUL FRPH PRUWL VHQVLELOL WXWWDYLD DOOD PRPHQWDQHD GROFH]]DGHOOHPHPEUDLQULSRVR*XDUGDYDPRFRQRFFKLDWRQLOHFRORQQHGLIXPRHGL IXRFRSURURPSHUHLQWRUQRDQRLQHLPRPHQWLGLWUHJXDSLHQLGHOOLHYHURQ]LRPLQDFFLRVR FKH RJQL HXURSHR FRQRVFH VFHJOLHYDPR GDO VXROR FHQWR YROWH FDOSHVWDWR OH FLFRULH H OH FDPRPLOOHVWHQWHHOHPDVWLFDYDPRDOXQJRLQVLOHQ]LR $G DOODUPH ILQLWR ULWRUQDYDPR GD RJQL SDUWH DL QRVWUL SRVWL JUHJJH PXWR LQQXPHUHYROH DVVXHWR DOOߞLUD GHJOL XRPLQL H GHOOH FRVH H ULSUHQGHYDPR TXHO QRVWUR ODYRURGLVHPSUHRGLDWRFRPHVHPSUHHLQROWUHRUPDLSDOHVHPHQWHLQXWLOHHLQVHQVDWR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
&RQ WXWWH OH QRVWUH IRU]H DEELDPR ORWWDWR SHUFK© OߞLQYHUQR QRQ YHQLVVH &L VLDPR DJJUDSSDWLDWXWWHOHRUHWLHSLGHDRJQLWUDPRQWRDEELDPRFHUFDWRGLWUDWWHQHUHLOVROHLQ FLHOR DQFRUD XQ S SRFR PD WXWWR ¨ VWDWR LQXWLOH ,HUL VHUD LO VROH VL ¨ FRULFDWR SR LUUHYRFDELOPHQWH PHQWH LQ XXQ LQWULFR GL QHEELD VSRUFD GL FLPLQLHUH H GL ILOL H VWDPDWWLQD ¨ LQYHUQR 1RLVDSSLDPRFKHFRVDYXROGLUHSHUFK©HUDYDPRTXLOߞLQYHUQRVFRUVRHJOLDOWULOR RLVDSSLDPR LPSDUHUDQQR SDUHUDQQR SSUHVWR VWR 9XRO GLUH FKH QHO FRUVR GL TXHVWL PHVL GDOOߞRWWREUH DOOߞDSULOH VX VWR GLHFLGLQRLVHWWHPRUUDQQR&KLQRQPRUU VRIIULU PLQXWRSHUPLQXWRSHURJQLJLRUQR GLHFLGLQR GLHFLGLQRL HWWHPRUUD WWHPRUUD SHUWXWWLLJLRUQLGDOPDWWLQRDYDQWLOߞDOEDILQRDOODGLVWULEX]LRQHGHOOD]XSSDVHUDOHGRYU SHUWX SHUWXWWL LRUQLGDOP RUQLGDOP WHQHUH FRVWDQWHPHQWH WHQHU RVWDQWHPHQ L PXVFROL WHVL GDQ]DUH GD XQ SLHGH DOOߞDOWUR VEDWWHUVL OH EUDFFLD VRWWR OH DVFHOOH SHU UHVLVWHUH DO IUHGGR 'RYU VSHQGHUH SDQH SHU SURFXUDUVL JXDQWL H VR SHUGHUH UGHUH RUH GGL VRQQR SHU ULSDUDUOL TXDQGR VDUDQQR VFXFLWL 3RLFK© QRQ VL SRWU SLº PDQJLDUH DOOߞDSHUWR GRYUHPR FRQVXPDUH L QRVWUL SDVWL QHOOD EDUDFFD LQ SLHGL GLVSRQHQGRFLDVFXQRGLXQSDOPRGLSDYLPHQWRHDSSRJJLDUVLVXOOHFXFFHWWH¨SURLELWR GLVSRQH WXWWL VL DSULUDQQR IHULWH VXOOH PDQL H SHU RWWHQHUH XQ EHQGDJJLR ELVRJQHU DWWHQGHUH $ WX $ RRJQLVHUDSHURUHLQSLHGLQHOODQHYHHQHOYHQWR RJ &RPHTXHVWDQRVWUDIDPHQRQ¨ODVHQVD]LRQHGLFKLKDVDOWDWRXQSDVWRFRVLOQRVWUR PRGR GL DYHU IUHGGR HVLJHUHEEH XQ QRPH SDUWLFRODUH 1RL GLFLDPR lIDPH{ GLFLDPR lVWDQFKH]]D{ lSDXUD{ H lGRORUH{ GLFLDPR lLQYHUQR{ H VRQR DOWUH FRVH 6RQR SDUROH OLEHUHFUHDWHHXVDWHGDXRPLQLOLEHULFKHYLYHYDQRJRGHQGRHVRIIUHQGRQHOOHORURFDVH 6H L /DJHU IRVVHUR GXUDWL SLº D OXQJR XQ QXRYR DVSUR OLQJXDJJLR VDUHEEH QDWR H GL TXHVWR VL VHQWH LO ELVRJQR SHU VSLHJDUH FRVD ¨ IDWLFDUH OߞLQWHUD JLRUQDWD QHO YHQWR VRWWR ]HURFRQVRORLQGRVVRFDPLFLDPXWDQGHJLDFFDHEUDFKHGLWHODHLQFRUSRGHEROH]]DH IDPHHFRQVDSHYROH]]DGHOODILQHFKHYLHQH
2WWREUH
TESTO PER STUDIO UNITO
,QTXHOPRGRFRQFXLVLYHGHILQLUHXQDVSHUDQ]DFRVVWDPDWWLQD¨VWDWRLQYHUQR&H QH VLDPR DFFRUWL TXDQGR VLDPR XVFLWL GDOOD EDUDFFD SHU DQGDUFL D ODYDUH QRQ FߞHUDQR VWHOOHOߞDULDEXLDHIUHGGDDYHYDRGRUHGLQHYH,QSLD]]DGHOOߞ$SSHOORQHOODSULPDOXFH DOODDGXQDWDSHULOODYRURQHVVXQRKDSDUODWR4XDQGRDEELDPRYLVWRLSULPLILRFFKLGL QHYH DEELDPR SHQVDWR FKH VH OߞDQQR VFRUVR D TXHVWߞHSRFD FL DYHVVHUR GHWWR FKH DYUHPPR YLVWR DQFRUD XQ LQYHUQR LQ /DJHU VDUHPPR DQGDWL D WRFFDUH LO UHWLFRODWR HOHWWULFR H FKH DQFKH DGHVVR FL DQGUHPPR VH IRVVLPR ORJLFL VH QRQ IRVVH GL TXHVWR LQVHQVDWRSD]]RUHVLGXRGLVSHUDQ]DLQFRQIHVVDELOH 3HUFK©lLQYHUQR{YXROGLUHDOWURDQFRUD /DSULPDYHUDVFRUVDLWHGHVFKLKDQQRFRVWUXLWRGXHHQRUPLWHQGHLQXQRVSLD]]RGHO
IO D U E T S BIL I R D E P EN O V T N S TE NO
LQGLIIHUHQ]LDWL H VFKLDYL WXWWL L JUDGLQL GHOOD LQVDQD JHUDUFKLD YROXWD GDL WHGHVFKL VRQR SDUDGRVVDOPHQWHDFFRPXQDWLLQXQDXQLWDULDGHVROD]LRQHLQWHUQD 0D/RUHQ]RHUDXQXRPRODVXDXPDQLW HUDSXUDHLQFRQWDPLQDWDHJOLHUDDOGLIXRUL GL TXHVWR PRQGR GL QHJD]LRQH *UD]LH D /RUHQ]R PL ¨ DFFDGXWR GL QRQ GLPHQWLFDUH GL HVVHUHLRVWHVVRXQXRPR
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
,OQRVWUR%ORFN¤OWHVWHUFRQRVFHLOVXRPHVWLHUH6L¨DFFHUWDWRFKHWXWWLVLDQRULHQWUDWL KD IDWWR FKLXGHUH OD SRUWD D FKLDYH KD GLVWULEXLWR D FLDVFXQR OD VFKHGD FKH SRUWD OD PDWULFRODLOQRPHODSURIHVVLRQHOߞHW HODQD]LRQDOLW HKDGDWRRUGLQHFKHRJQXQRVL VSRJOLFRPSOHWDPHQWHFRQVHUYDQGRVROROHVFDUSH,QTXHVWRPRGRQXGLHFRQODVFKHGD LQ PDQR DWWHQGHUHPR FKH OD FRPPLVVLRQH DUULYL DOOD QRVWUD EDUDFFD 1RL VLDPR OD
IO D U E T S BIL I R D E P EN O V T N S TE NO
FRQ LQFRQFHSLELOH WUDQTXLOOLW (UR WUDQTXLOOR SHUFK© HUR ULXVFLWR D PHQWLUPL TXDQWR HUD EDVWDWR,OIDWWRFKHLRQRQVLDVWDWRVFHOWR¨GLSHVRVRSUDWWXWWRGDOFDVRHQRQGLPRVWUD FKHODPLDILGXFLDIRVVHEHQIRQGDWD $QFKH 0RQVLHXU 3LQNHUW ¨ D SULRUL XQ FRQGDQQDWR EDVWD YHGHUH L VXRL RFFKL 0L FKLDPDFRQXQFHQQRHFRQDULDFRQILGHQ]LDOHPLUDFFRQWDFKHKDVDSXWRGDTXDOIRQWH QRQPLSX²GLUHFKHHIIHWWLYDPHQWHTXHVWDYROWDFߞ¨GHOQXRYROD6DQWD6HGHSHUPH]]R GHOOD&URFH5RVVD,QWHUQD]LRQDOHߨߨLQILQHJDUDQWLVFHOXLSHUVRQDOPHQWHFKHVLDSHU V©FKHSHUPHQHOPRGRSLºDVVROXWR¨HVFOXVRRJQLSHULFRORGDFLYLOHOXLHUDFRPH¨ QRWRDGGHWWRDOOߞDPEDVFLDWDEHOJDGL9DUVDYLD ,QYDULPRGLGXQTXHDQFKHTXHVWLJLRUQLGLYLJLOLDFKHUDFFRQWDWLVHPEUDGRYHVVHUR HVVHUHWRUPHQWRVLDOGLO GLRJQLOLPLWHXPDQRSDVVDQRQRQPROWRGLYHUVDPHQWHGDJOL WRVLDO RVLDO DOWULJLRUQL /D GLVFLSOLQD VFLSOLQD GHO GHO /DJHU H GHOOD %XQD QRQ VRQR LQ DOFXQ PRGR DOOHQWDWH LO ODYRUR LO IUHGGRHODIDPHVRQRVXIILFLHQWLDLPSHJQDUHVHQ]DUHVLGXLOHQRVWUHDWWHQ]LRQL RHODIDPH 2JJL¨GRPHQLFDODYRUDWLYD$UEHLWVVRQQWDJVLODYRUDILQRDOOHWUHGLFLSRLVLULWRUQD 2JJL¨GRP QLFD QLF LQFDPSRSHUODGRFFLDODUDVDWXUDHLOFRQWUROORJHQHUDOHGHOODVFDEELDHGHLSLGRFFKLH LQFDPSR LQFDPSRS ODGRFFLD DGRFFLD LQFDQWLHUHPLVWHULRVDPHQWHWXWWLDEELDPRVDSXWRFKHODVHOH]LRQHVDU RJJL LQFDQ LQFDQWLH PLVWHULRVDP /DQRWL]LD¨JLXQWDFRPHVHPSUHFLUFRQGDWDGDXQDORQHGLSDUWLFRODULFRQWUDGGLWWRUL /D RWL]LD¨JLXQ VWHVVD Fߞ¨ VWDWD VHOH]LRQH LQ LQIHUPHULD OD SHUFHQWXDOH ¨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²HVFOXVRLR 5HJRODUPHQWHDSDUWLUHGDOOHWUHGLFLLQSXQWRLOFDQWLHUHVLVYXRWDHODVFKLHUDJULJLD LQWHUPLQDELOH VILOD SHU GXH RUH GDYDQWL DOOH GXH VWD]LRQL GL FRQWUROOR GRYH FRPH RJQL JLRUQR YHQLDPR FRQWDWL H ULFRQWDWL H GDYDQWL DOOߞRUFKHVWUD FKH SHU GXH RUH VHQ]D LQWHUUX]LRQH VXRQD FRPH RJQL JLRUQR OH PDUFH VXOOH TXDOL GREELDPR DOOߞHQWUDWD H DOOߞXVFLWDVLQFURQL]]DUHLQRVWULSDVVL 6HPEUD FKH WXWWR YDGD FRPH RJQL JLRUQR LO FDPLQR GHOOH FXFLQH IXPD FRPH GL FRQVXHWRJL VLFRPLQFLDODGLVWULEX]LRQHGHOOD]XSSD0DSRLVL¨XGLWDODFDPSDQDH DOORUDVL¨FDSLWRFKHFLVLDPR 3HUFK©TXHVWDFDPSDQDVXRQDVHPSUHDOOߞDOEDHDOORUD¨ODVYHJOLDPDTXDQGRVXRQD DPHW JLRUQDWDYXROGLUHl%ORFNVSHUUH{FODXVXUDLQEDUDFFDHTXHVWRDYYLHQHTXDQGR Fߞ¨VHOH]LRQHSHUFK©QHVVXQRYLVLVRWWUDJJDHTXDQGRLVHOH]LRQDWLSDUWRQRSHULOJDV SHUFK©QHVVXQROLYHGDSDUWLUH
COPIA NON VENDIBILE
QRVWUR/DJHU&LDVFXQDSHUWXWWDODEXRQDVWDJLRQHKDRVSLWDWRSLºGLPLOOHXRPLQLRUDOH WHQGHVRQRVWDWHVPRQWDWHHGXHPLODRVSLWLLQVRSUDQQXPHURDIIROODQROHQRVWUHEDUDFFKH 1RLYHFFKLSULJLRQLHULVDSSLDPRFKHTXHVWHLUUHJRODULW QRQSLDFFLRQRDLWHGHVFKLHFKH SUHVWRTXDOFRVDVXFFHGHU SHUFK©LOQRVWURQXPHURYHQJDULGRWWR /HVHOH]LRQLVLVHQWRQRDUULYDUHl6HOHNFMD{ODLEULGDSDURODODWLQDHSRODFFDVLVHQWH XQD YROWD GXH YROWH PROWH YROWH LQWHUFDODWD LQ GLVFRUVL VWUDQLHUL GDSSULPD QRQ OD VL LQGLYLGXDSRLVLLPSRQHDOOߞDWWHQ]LRQHLQILQHFLSHUVHJXLWD 6WDPDWWLQDLSRODFFKLGLFRQRl6HOHNFMD{,SRODFFKLVRQRLSULPLDVDSHUHOHQRWL]LHH FHUFDQRLQJHQHUHGLQRQODVFLDUOHGLIIRQGHUHSHUFK©VDSHUHTXDOFRVDPHQWUHJOLDOWULQRQ ODVDQQRDQFRUDSX²VHPSUHHVVHUHYDQWDJJLRVR4XDQGRWXWWLVDSUDQQRFKHODVHOH]LRQH¨ LPPLQHQWH LO SRFKLVVLPR FKH TXDOFXQR SRWUHEEH WHQWDUH SHU GHILODUVL FRUURPSHUH FRQ SDQHRFRQWDEDFFRTXDOFKHPHGLFRRTXDOFKHSURPLQHQWHSDVVDUHGDOODEDUDFFDLQ.D %H R YLFHYHUVD DO PRPHQWR HVDWWR LQ PRGR GD LQFURFLDUH OD FRPPLVVLRQH VDU JL PRQRSROLRORUR 1HLJLRUQLFKHVHJXRQROߞDWPRVIHUDGHO/DJHUHGHOFDQWLHUH¨VDWXUDGLl6HOHNFMD{ QHVVXQRVDQXOODGLSUHFLVRHWXWWLQHSDUODQRSHUILQRJOLRSHUDLOLEHULSRODFFKLLWDOLDQL IUDQFHVLFKHGLQDVFRVWRYHGLDPRVXOODYRUR1RQVLSX²GLUHFKHQHULVXOWLXQߞRQGDWDGL DEEDWWLPHQWR ,O QRVWUR PRUDOH FROOHWWLYR ¨ WURSSR LQDUWLFRODWR H SLDWWR SHU HVVHUH LQVWDELOH/DORWWDFRQWURODIDPHLOIUHGGRHLOODYRURODVFLDSRFRPDUJLQHSHULOSHQVLHUR DQFKHVHVLWUDWWDGLTXHVWRSHQVLHUR&LDVFXQRUHDJLVFHDVXRPRGRPDTXDVLQHVVXQR FRQTXHJOLDWWHJJLDPHQWLFKHVHPEUHUHEEHURSLºSODXVLELOLSHUFK©VRQRUHDOLVWLFLHFLR¨ LR¨ R¨ FRQODUDVVHJQD]LRQHRFRQODGLVSHUD]LRQH &KLSX²SURYYHGHUHSURYYHGHPDVRQRLPHQRSHUFK©VRWWUDUVLDOODVHOH]LRQH¨PROWR PROW PROWR GLIILFLOHLWHGHVFKLIDQQRTXHVWHFRVHFRQJUDQGHVHULHW HGLOLJHQ]D &KL QRQ SX² SURYYHGHUH PDWHULDOPHQWH FHUFD GLIHVD DOWULPHQWL $L L JDELQHWWL JDELQHWWL DO JDELQHW ODYDWRLR QRL FL PRVWULDPR OߞXQ OߞDOWUR LO WRUDFH OH QDWLFKH OH FRVFH H L FRPSDJQL FRPSD L FL F UDVVLFXUDQR ߙ 3XRL HVVHUH WUDQTXLOOR QRQ VDU FHUWR OD WXD YROWD WD D ߨ GX ELVW W NHLQ 0XVHOPDQQߨ LR SLXWWRVWR LQYHFHߨ ߙ H D ORUR YROWD VL FDODQR OH H EUDFKH H H VROOHYDQR OHYDQR OD FDPLFLD 1HVVXQR QHJD DOWUXL TXHVWD HOHPRVLQD QHVVXQR ¨ FRV VLFXUR GHOOD GHOOD SURSULD GHOO URSULD VRUWH VRUWH GD DYHUH DQLPR GL FRQGDQQDUH DOWUL $QFKߞLR KR VIDFFLDWDPHQWH PHQWH QWH PHQWLWR WR DO YHFFKLR Y :HUWKHLPHU JOL KR GHWWR FKH VH OR LQWHUURJKHUDQQR ULVSRQGD GL DYHUH TXDUDQWDFLQTXH UD DQQLHFKHQRQWUDVFXULGLIDUVLUDGHUHODVHUDSULPDDQFKHDFRVWRGLULPHWWHUFLXQTXDUWR GLSDQHFKHDSDUWHFL²QRQGHYHQXWULUHWLPRULHFKHGߞDOWURQGHQRQ¨SHUQXOODFHUWR FKH VL WUDWWL GL XQD VHOH]LRQH SHU LO JDV QRQ KD VHQWLWR GDO %ORFN¤OWHVWHU FKH L SUHVFHOWL DQGUDQQRD-DZRUV]QRDOFDPSRGLFRQYDOHVFHQ]D" DVVXUGR FKH :HUWKHLPHU VSHUL GLPRVWUD VHVVDQWߞDQQL KD HQRUPL YDULFL QRQ VHQWH TXDVLQHSSXUSLºODIDPH(SSXUHVHQHYDLQFXFFHWWDVHUHQRHWUDQTXLOORHDFKLJOLID GRPDQGHULVSRQGHFRQOHPLHSDUROHVRQRODSDURODGߞRUGLQHGHOFDPSRLQTXHVWLJLRUQL LR VWHVVR OH KR ULSHWXWH FRPH D PHQR GL SDUWLFRODUL PH OH VRQR VHQWLWH UHFLWDUH GD &KDMLPFKH¨LQ/DJHUGDWUHDQQLHVLFFRPH¨IRUWHHUREXVWR¨PLUDELOPHQWHVLFXURGL V©HLROߞKRFUHGXWR 6X TXHVWD HVLJXD EDVH DQFKߞLR KR DWWUDYHUVDWR OD JUDQGH VHOH]LRQH GHOOߞRWWREUH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
HFRQYHQLDPRFKHOߞLSRWHVL¨YHURVLPLOHQRQVRFRVDQHSHQVHU²GRPDQLHSRLRJJLHVVD QRQGHVWDLQPHDOFXQDHPR]LRQHSUHFLVD 3DULPHQWL GL XQ HUURUH GHYH HVVHUVL WUDWWDWR SHU 6DWWOHU XQ PDVVLFFLR FRQWDGLQR WUDQVLOYDQRFKHYHQWLJLRUQLIDHUDDQFRUDDFDVDVXD6DWWOHUQRQFDSLVFHLOWHGHVFRQRQ KD FRPSUHVR QXOOD GL TXHO FKH ¨ VXFFHVVR H VWD LQ XQ DQJROR D UDWWRSSDUVL OD FDPLFLD 'HYRDQGDUJOLDGLUHFKHQRQJOLVHUYLU SLºODFDPLFLD" 1RQFߞ¨GDVWXSLUVLGLTXHVWHVYLVWHOߞHVDPH¨PROWRUDSLGRHVRPPDULRHGߞDOWURQGH SHUOߞDPPLQLVWUD]LRQHGHO/DJHUOߞLPSRUWDQWHQRQ¨WDQWRFKHYHQJDQRHOLPLQDWLSURSULR L SLº LQXWLOL TXDQWR FKH VL UHQGDQR VSHGLWDPHQWH OLEHUL SRVWL LQ XQD FHUWD SHUFHQWXDOH SUHVWDELOLWD
TESTO PER STUDIO UNITO
$GHVVRFLDVFXQRVWDJUDWWDQGRDWWHQWDPHQWHFROFXFFKLDLRLOIRQGRGHOODJDPHOODSHU ULFDYDUQHOHXOWLPHEULFLROHGL]XSSDHQHQDVFHXQWUDPHVWLRPHWDOOLFRVRQRURLOTXDOH YXROGLUHFKHODJLRUQDWD¨ILQLWD$SRFRDSRFRSUHYDOHLOVLOHQ]LRHDOORUDGDOODPLD FXFFHWWDFKH¨DOWHU]RSLDQRVLYHGHHVLVHQWHFKHLOYHFFKLR.XKQSUHJDDGDOWDYRFH FROEHUUHWWRLQWHVWDHGRQGRODQGRLOEXVWRFRQYLROHQ]D.XKQULQJUD]LD'LRSHUFK©QRQ¨ VWDWRVFHOWR .XKQ ¨ XQ LQVHQVDWR 1RQ YHGH QHOOD FXFFHWWD DFFDQWR %HSSR LO JUHFR FKH KD YHQWߞDQQL H GRSRGRPDQL DQGU LQ JDV H OR VD H VH QH VWD VGUDLDWR H JXDUGD ILVVR OD ODPSDGLQDVHQ]DGLUHQLHQWHHVHQ]DSHQVDUHSLºQLHQWH"1RQVD.XKQFKHODSURVVLPD YROWDVDU ODVXDYROWD"1RQFDSLVFH.XKQFKH¨DFFDGXWRRJJLXQDERPLQLRFKHQHVVXQD SUHJKLHUD SURSL]LDWRULD QHVVXQ SHUGRQR QHVVXQD HVSLD]LRQH GHL FROSHYROL QXOOD LQVRPPDFKHVLDLQSRWHUHGHOOߞXRPRGLIDUHSRWU ULVDQDUHPDLSLº" 6HLRIRVVL'LRVSXWHUHLDWHUUDODSUHJKLHUDGL.XKQ
1HOOD QRVWUD OD VHOH]LRQH ¨ RUPDL ILQLWD SHU² FRQWLQXD QHOOH DOWUH SHU FXL RVWUD VWUD EDUDFFD EDUDFF EDUD VLDPR DQFRUD QFRUD VRWWR FODXVXUD 0D SRLFK© IUDWWDQWR L ELGRQL GHOOD ]XSSD VRQR DUULYDWL LO %ORFN¤OWHVWHU GL SURFHGHUH VHQ]ߞDOWUR DOOD GLVWULEX]LRQH $L VHOH]LRQDWL YHUU N¤OWHVWHU GHFLGH GH GLVWULEXLWDGRSSLDUD]LRQH1RQKRPDLVDSXWRVHTXHVWDIRVVHXQߞLQL]LDWLYDDVVXUGDPHQWH VWULEXLWDGRS WULEXLWDGRS DUD DU SLHWRVDGHL%ORFN¤OWHVWHRGXQߞHVSOLFLWDGLVSRVL]LRQHGHOOH66PDGLIDWWRQHOOߞLQWHUYDOOR SLHWRVDGH SLHWRVDGHL RFN¤OWHVWH FN¤OWHVWH GLGXHRWUHJLRUQLWDORUDDQFKHPROWRSLºOXQJR IUDODVHOH]LRQHHODSDUWHQ]DOHYLWWLPH GLGX GLGXHR JLRUQLWDOR D0RQRZLW]$XVFKZLW]JRGHYDQRGLTXHVWRSULYLOHJLR D0R ZLW]$XVFK ZLW]$XVFKZ =LHJOHUSUHVHQWDODJDPHOODULVFXRWHODQRUPDOHUD]LRQHSRLUHVWDOLQDWWHVDߙ&KH HJOHUSUHVHQ YXRLDQFRUD"ߙFKLHGHLO%ORFN¤OWHVWHUQRQJOLULVXOWDFKHD=LHJOHUVSHWWLLOVXSSOHPHQWR XRLDQFRUD" RLDQFRUD" YLD FRQ XQD VSLQWD PD =LHJOHU ULWRUQD H LQVLVWH XPLOPHQWH ¨ VWDWR SURSULR OR FDFFLD Y PHVVR DD VLQLVWUD WXWWL OߞKDQQR YLVWR YDGD LO %ORFN¤OWHVWHU D FRQVXOWDUH OH VFKHGH KD GLULWWRDOODGRSSLDUD]LRQH4XDQGROߞKDRWWHQXWDVHQHYDTXLHWRLQFXFFHWWDDPDQJLDUH GLULW GLULWW
IO D U E T S BIL I R D E P EN O V T N S TE NO
*L PROWLVRQQHFFKLDQRTXDQGRXQRVFDWHQDUVLGLFRPDQGLGLEHVWHPPLHHGLFROSL LQGLFDFKHODFRPPLVVLRQH¨LQDUULYR,O%ORFN¤OWHVWHUHLVXRLDLXWDQWLDSXJQLHDXUOLD SDUWLUH GDO IRQGR GHO GRUPLWRULR VL FDFFLDQR GDYDQWL OD WXUED GHL QXGL VSDYHQWDWL H OL VWLSDQRGHQWURLO7DJHVUDXPFKH¨OD'LUH]LRQH)XUHULD,O7DJHVUDXP¨XQDFDPHUHWWDGL VHWWHPHWULSHUTXDWWURTXDQGRODFDFFLD¨ILQLWDGHQWURLO7DJHVUDXP¨FRPSUHVVDXQD FRPSDJLQHXPDQDFDOGDHFRPSDWWDFKHLQYDGHHULHPSLHSHUIHWWDPHQWHWXWWLJOLDQJROL HGHVHUFLWDVXOOHSDUHWLGLOHJQRXQDSUHVVLRQHWDOHGDIDUOHVFULFFKLRODUH 2UDVLDPRWXWWLQHO7DJHVUDXPHROWUHFKHQRQHVVHUFLWHPSRQRQFߞ¨QHSSXUHSRVWR SHU DYHUH SDXUD /D VHQVD]LRQH GHOOD FDUQH FDOGD FKH SUHPH WXWWR LQWRUQR ¨ VLQJRODUH H QRQ VSLDFHYROH %LVRJQD DYHU FXUD GL WHQHU DOWR LO QDVR SHU WURYDUH DULD H GL QRQ VSLHJD]]DUHRSHUGHUHODVFKHGDFKHWHQLDPRLQPDQR ,O%ORFN¤OWHVWHUKDFKLXVRODSRUWD7DJHVUDXPGRUPLWRULRHKDDSHUWROHDOWUHGXHFKH GDO 7DJHVUDXP H GDO GRUPLWRULR G QQR DOOߞHVWHUQR 4XL GDYDQWL DOOH GXH SRUWH VWD OߞDUELWURGHOQRVWURGHVWLQRFKH¨XQVRWWXIILFLDOHGHOOH66+DDGHVWUDLO%ORFN¤OWHVWHUD VLQLVWUDLOIXULHUHGHOODEDUDFFD2JQXQRGLQRLFKHHVFHQXGRGDO7DJHVUDXPQHOIUHGGR GHOOߞDULD GL RWWREUH GHYH IDUH GL FRUVD L SRFKL SDVVL IUD OH GXH SRUWH GDYDQWL DL WUH FRQVHJQDUHODVFKHGDDOOD66HULHQWUDUHSHUODSRUWDGHOGRUPLWRULR/D66QHOODIUD]LRQH RQH QH GLVHFRQGRIUDGXHSDVVDJJLVXFFHVVLYLFRQXQRVJXDUGRGLIDFFLDHGLVFKLHQDJLXGLFD LXGLFD GHOOD VRUWH GL RJQXQR H FRQVHJQD D VXD YROWD OD VFKHGD DOOߞXRPR DOOD VXD GHVWUD HVWUD R DOOߞXRPRDOODVXDVLQLVWUDHTXHVWR¨ODYLWDRODPRUWHGLFLDVFXQRGLQRL,QWUHRTXDWWUR WUHRTX UHRT DWWUR DWWU PLQXWL XQD EDUDFFD GL GXHFHQWR XRPLQL ¨ lIDWWD{ H QHO SRPHULJJLR OߞLQWHUR QWHUR FDPSR FDPS GL FDP GRGLFLPLODXRPLQL ,RFRQILWWRQHOFDUQDLRGHO7DJHVUDXPKRVHQWLWRJUDGXDOPHQWHDOOHQWDUVLODSUHVVLRQH OOHQWDUVLODS OHQWDUVLOD VVLRQH XPDQDLQWRUQRDPHHLQEUHYH¨VWDWDODPLDYROWD&RPHWXWWLVRQRSDVVDWRFRQSDVVR VRQRSDVV VRQRSDVVDW FRQSDVVR HQHUJLFRHGHODVWLFRFHUFDQGRGLWHQHUHODWHVWDDOWDLOSHWWRLQIXRULHLPXVFROLFRQWUDWWL QIXRULHLP FROLFRQWUDWW HULOHYDWL&RQODFRGDGHOOߞRFFKLRKRFHUFDWRGLYHGHUHDOOHPLHVSDOOHHPL¨SDUVRFKH PLHVSDOOH PL¨SDUVR ODPLDVFKHGDVLDILQLWDDGHVWUD $PDQRDPDQRFKHULHQWULDPRQHOGRUPLWRULRSRVVLDPRULYHVWLUFL1HVVXQRFRQRVFH XQ XQR DQFRUD FRQ VLFXUH]]D LO SURSULR GHVWLQR ELVRJQD DQ]LWXWWR VWDELOLUH VH OH VFKHGH FRQGDQQDWH VRQR TXHOOH SDVVDWH D GHVWUD R D VLQLVWUD 2UPDL QRQ ¨ SLº LO FDVR GL ULVSDUPLDUVLOߞXQOߞDOWURHGLDYHUHVFUXSROLVXSHUVWL]LRVL7XWWLVLDFFDOFDQRLQWRUQRDLSLº YHFFKLDLSLºGHQXWULWLDLSLºlPXVVXOPDQL{VHOHORURVFKHGHVRQRDQGDWHDVLQLVWUDOD VLQLVWUD¨FHUWDPHQWHLOODWRGHLFRQGDQQDWL 3ULPD DQFRUD FKH OD VHOH]LRQH VLD WHUPLQDWD WXWWL JL VDQQR FKH OD VLQLVWUD ¨ VWDWD HIIHWWLYDPHQWH OD lVFKOHFKWH 6HLWH{ LO ODWR LQIDXVWR &L VRQR QDWXUDOPHQWH GHOOH LUUHJRODULW 5HQ©SHUHVHPSLRFRVJLRYDQHHUREXVWR¨ILQLWRDVLQLVWUDIRUVHSHUFK©KD JOLRFFKLDOLIRUVHSHUFK©FDPPLQDXQSRߞFXUYRFRPHLPLRSLPDSLºSUREDELOPHQWHSHU XQDVHPSOLFHVYLVWD5HQ©¨SDVVDWRGDYDQWLDOODFRPPLVVLRQHLPPHGLDWDPHQWHSULPDGL PHHSRWUHEEHHVVHUHDYYHQXWRXQRVFDPELRGLVFKHGH&LULSHQVRQHSDUORFRQ$OEHUWR
EDUDFFDPDQRQVLSX²SUHYHGHUHVHVLFRPLQFHU GDOODEDUDFFDRGDOOD,QRJQL PRGR SHU DOPHQR XQߞRUD SRVVLDPR VWDUH WUDQTXLOOL H QRQ Fߞ¨ UDJLRQH FKH QRQ FL PHWWLDPRVRWWROHFRSHUWHGHOOHFXFFHWWHSHUULVFDOGDUFL
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
$GHVVR ¨ OߞRUD GL lOLQNV OLQNV OLQNV XQG OLQNV{ OߞRUD LQ FXL QRQ ELVRJQD VEDJOLDUH SDVVR .UDXV ¨ PDOGHVWUR VL ¨ JL SUHVR XQ FDOFLR GDO .DSR SHUFK© QRQ VD FDPPLQDUH DOOLQHDWRHGHFFRLQFRPLQFLDDJHVWLFRODUHHDPDVWLFDUHXQWHGHVFRPLVHUHYROHRGLRGL TESTO PER STUDIO UNITO
4XL¨FRV6DSHWHFRPHVLGLFHlPDL{QHOJHUJRGHOFDPSR"l0RUJHQIU¼K{GRPDQL PDWWLQD
VHQVRQRQDYU SLºGLUHGRPDQL
ߨLQILQFKHXQJLRUQR
'DVWDPDWWLQDVWLDPRFRQILWWLQHOODPHOPDDJDPEHODUJKHVHQ]DPDLPXRYHUHLSLHGL VHQ]DPDLP RYHUHLSLHG GDOOHGXHEXFKHFKHVLVRQRVFDYDWLQHOWHUUHQRYLVFKLRVRRVFLOODQGRVXOOHDQFKHDRJQL RVFLOODQGR OHDQFKHDR RVFLOODQGRV HDQFKHDR FROSR GL SDOD ,R VRQR D PHW GHOOR VFDYR .UDXV H &ODXVQHU HU VRQR VRQ VRQR VXO IRQGR *RXQDQ * VRSUD GL PH D OLYHOOR GHO VXROR 6ROR *RXQDQ SX² JXDUGDUVL LQWRUQR H D PRQRVLOODEL P PR DYYLVD RJQL WDQWR .UDXV GHOOߞRSSRUWXQLW GL DFFHOHUDUH LO ULWPR R HYHQWXDOPHQWH GL ULSRVDUVLDVHFRQGDGLFKLSDVVDSHUODVWUDGD&ODXVQHUSLFFRQD.UDXVDO]DODWHUUDDPH SDODWDSHUSDODWDHLRDPDQRDPDQRODDO]RD*RXQDQFKHODDPPXFFKLDDODWR$OWUL IDQQR OD VSROD FRQ OH FDUULROH H SRUWDQR OD WHUUD FKLVV GRYH QRQ FL LQWHUHVVD RJJL LO QRVWURPRQGR¨TXHVWDEXFDGLIDQJR .UDXV KD VEDJOLDWR XQ FROSR XQ SDFFKHWWR GL PRWD YROD H PL VL VSLDFFLFD VXOOH JLQRFFKLD1RQ¨ODSULPDYROWDFKHVXFFHGHVHQ]DPROWDILGXFLDORDPPRQLVFRGLIDUH DWWHQ]LRQH¨XQJKHUHVHFDSLVFHDVVDLPDOHLOWHGHVFRHQRQVDXQDSDURODGLIUDQFHVH OXQJROXQJRKDJOLRFFKLDOLHXQDFXULRVDIDFFLDSLFFRODHVWRUWDTXDQGRULGHVHPEUDXQ EDPELQRHULGHVSHVVR/DYRUDWURSSRHWURSSRYLJRURVDPHQWHQRQKDDQFRUDLPSDUDWR OD QRVWUD DUWH VRWWHUUDQHD GL IDUH HFRQRPLD GL WXWWR GL ILDWR GL PRYLPHQWL SHUILQR GL
SHQVLHUR 1RQ VD DQFRUD FKH ¨ PHJOLR IDUVL SLFFKLDUH SHUFK© GL ERWWH LQ JHQHUH QRQ VL PXRUH PD GL IDWLFD V H PDODPHQWH H TXDQGR XQR VH QH DFFRUJH ¨ JL WURSSR WDUGL 3HQVD DQFRUDߨ RK QR SRYHUR .UDXV QRQ ¨ UDJLRQDPHQWR LO VXR ¨ VROR OD VXD VFLRFFD RQHVW GL SLFFROR LPSLHJDWR VH OD ¨ SRUWDWD ILQ TXL GHQWUR H RUD JOL SDUH FKH VLD FRPH IXRUL GRYH ODYRUDUH ¨ RQHVWR H ORJLFR H LQROWUH FRQYHQLHQWH SHUFK© D TXDQWR WXWWL GLFRQRTXDQWRSLºXQRODYRUDWDQWRSLºJXDGDJQDHPDQJLD ߙ5HJDUGH]PRL§Dߨ3DVVLYLWHLGLRWߙLPSUHFD*RXQDQGDOOߞDOWRSRLVLULFRUGDGL WUDGXUUH LQ WHGHVFR ߙ /DQJVDP GX EO¶GHU (LQHU ODQJVDP YHUVWDQGHQ" ߙ .UDXV SX² DQFKHDPPD]]DUVLGLIDWLFDVHFUHGHPDQRQRJJLFKHODYRULDPRLQFDWHQDHLOULWPRGHO QRVWURODYRUR¨FRQGL]LRQDWRGDOVXR (FFRTXHVWD¨ODVLUHQDGHO&DUEXURDGHVVRLSULJLRQLHULLQJOHVLVHQHYDQQRVRQROH WD¨OD D¨OD TXDWWURHPH]]R3RLSDVVHUDQQROHUDJD]]HXFUDLQHHDOORUDVDUDQQROHFLQTXHSRWUHPR PH]]R3RLS H]]R3RL UDGGUL]]DUH VFKLHQD H RUPDL VROR OD PDUFLD GL ULWRUQR OߞDSSHOOR H LO FRQWUROOR GHL DUH OD VFKLH SLGRFFKLFLGLYLGHUDQQRGDOULSRVR FKLFLGLYLG FKLFLGLYLGH OߞDGXQDWDl$QWUHWHQ{GDWXWWHOHSDUWLGDWXWWHOHSDUWLVWULVFLDQRIXRULLIDQWRFFLGL OߞDGXQDWD $Q IDQJRVWLUDQROHPHPEUDDJJUDQFKLWHULSRUWDQRJOLDWWUH]]LQHOOHEDUDFFKH1RLHVWUDLDPR IDQJRVWLU IDQJRVWLUD OHPHPE HPHPE GDO IRVVR FDXWDPHQWH SHU QRQ ODVFLDUYL VXFFKLDWL JOL ]RFFROL H FH QH DQGLDPR L SLHG SLHGL G FDXW FLRQGRODQWLHJURQGDQWLDLQTXDGUDUFLSHUODPDUFLDGLULHQWURl=XGUHLHQ{SHUWUH+R FLRQG DQWLHJURQG QWLHJURQG FHUFDWR YLFLQR DG $OEHUWR RJJL DEELDPR ODYRUDWR VHSDUDWL DEELDPR GD FH WR R GL PHWWHUPL PHWWH FKLHGHUFLDYLFHQGDFRPH¨DQGDWDPDTXDOFXQRPLKDGDWRXQDPDQDWDVXOORVWRPDFR LHGHUFLDY LHGHUFLDYL VRQRILQLWRGLHWURJXDUGDSURSULRYLFLQRD.UDXV VRQRILQLW VRQRILQLWR 2UD SDUWLDPR ,O .DSR VFDQGLVFH LO SDVVR FRQ YRFH GXUD ߙ /LQNV OLQNV OLQNV ߙ GDSSULPD VL KD PDOH DL SLHGL SRL D SRFR D SRFR FL VL ULVFDOGD H L QHUYL VL GLVWHQGRQR GDS GDSS $QFKH RJJL DQFKH TXHVWR RJJL FKH VWDPDWWLQD SDUHYD LQYLQFLELOH HG HWHUQR OߞDEELDPR $ SHUIRUDWRDWWUDYHUVRWXWWLLVXRLPLQXWLDGHVVRJLDFHFRQFKLXVRHG¨VXELWRGLPHQWLFDWR JL QRQ¨SLºXQJLRUQRQRQKDODVFLDWRWUDFFLDQHOODPHPRULDGLQHVVXQR/RVDSSLDPR FKHGRPDQLVDU FRPHRJJLIRUVHSLRYHU XQSRߞGLSLºRXQSRߞGLPHQRRIRUVHLQYHFH GL VFDYDU WHUUD DQGUHPR DO &DUEXUR D VFDULFDU PDWWRQL 2 GRPDQL SX² DQFKH ILQLUH OD JXHUUDRQRLHVVHUHWXWWLXFFLVLRWUDVIHULWLLQXQDOWURFDPSRRFDSLWDUHTXDOFXQRGLTXHL JUDQGL ULQQRYDPHQWL FKH GD FKH /DJHU ¨ /DJHU YHQJRQR LQIDWLFDELOPHQWH SURQRVWLFDWL LPPLQHQWLHVLFXUL0DFKLPDLSRWUHEEHVHULDPHQWHSHQVDUHDGRPDQL" /DPHPRULD¨XQRVWUXPHQWRFXULRVRILQFK©VRQRVWDWRLQFDPSRPLKDQQRGDQ]DWR SHULOFDSRGXHYHUVLFKHKDVFULWWRXQPLRDPLFRPROWRWHPSRID
IO D U E T S BIL I R D E P EN O V T N S TE NO
4XDQGRSLRYHVLYRUUHEEHSRWHUSLDQJHUHQRYHPEUHSLRYHJL GDGLHFLJLRUQLHOD WHUUD¨FRPHLOIRQGRGLXQDSDOXGH2JQLFRVDGLOHJQRKDRGRUHGLIXQJKL 6HSRWHVVLIDUHGLHFLSDVVLDVLQLVWUDFߞ¨ODWHWWRLDVDUHLDOULSDURPLEDVWHUHEEHDQFKH XQVDFFRSHUFRSULUPLOHVSDOOHRVRODPHQWHODVSHUDQ]DGLXQIXRFRGRYHDVFLXJDUPLR PDJDULXQFHQFLRDVFLXWWRGDPHWWHUPLIUDODFDPLFLDHODVFKLHQD&LSHQVRIUDXQFROSR GLSDODHOߞDOWURHFUHGRSURSULRFKHDYHUHXQFHQFLRDVFLXWWRVDUHEEHIHOLFLW SRVLWLYD 2UPDL SLº EDJQDWL QRQ VL SX² GLYHQWDUH VROR ELVRJQD FHUFDUH GL PXRYHUVL LO PHQR SRVVLELOHHVRSUDWWXWWRGLQRQIDUHPRYLPHQWLQXRYLSHUFK©QRQDFFDGDFKHTXDOFKHDOWUD SRU]LRQHGLSHOOHYHQJDVHQ]DQHFHVVLW DFRQWDWWRFRQJOLDELWL]XSSLHJHOLGL IRUWXQDFKHRJJLQRQWLUDYHQWR6WUDQRLQTXDOFKHPRGRVLKDVHPSUHOߞLPSUHVVLRQH GL HVVHUH IRUWXQDWL FKH XQD TXDOFKH FLUFRVWDQ]D PDJDUL LQILQLWHVLPD FL WUDWWHQJD VXOOߞRUOR GHOOD GLVSHUD]LRQH H FL FRQFHGD GL YLYHUH 3LRYH PD QRQ WLUD YHQWR 2SSXUH SLRYHHWLUDYHQWRPDVDLFKHVWDVHUDWRFFDDWHLOVXSSOHPHQWRGL]XSSDHDOORUDDQFKH FKH KH RJJL WURYL OD IRU]D GL WLUDU VHUD 2 DQFRUD SLRJJLD YHQWR H OD IDPH FRQVXHWD H DOORUD SHQVLFKHVHSURSULRGRYHVVLVHSURSULRQRQWLVHQWLVVLSLºDOWURQHOFXRUHFKHVRIIHUHQ]D HUHQ] HUHQ]D H QRLD FRPH D YROWH VXFFHGH FKH SDUH YHUDPHQWH GL JLDFHUH VXO IRQGR HEEHQH EHQH DQFKH DQFKH QFK DOORUD QRL SHQVLDPR FKH VH YRJOLDPR LQ TXDOXQTXH PRPHQWR SRVVLDPR VHPSUH PR SXU VH VHP DQGDUH D WRFFDUH LO UHWLFRODWR HOHWWULFR R EXWWDUFL VRWWR L WUHQL LQ PDQRYUD H DOORUD RU ILQLUHEEHGLSLRYHUH
.UDXV
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
4XDQWLPHVLVRQRSDVVDWLGDOQRVWURLQJUHVVRLQFDPSR"4XDQWLGDOJLRUQRLQFXLVRQR VWDWR GLPHVVR GDO .D%H" ( GDO JLRUQR GHOOߞHVDPH GL FKLPLFD" ( GDOOD VHOH]LRQH GL RWWREUH" $OEHUWR HG LR FL SSRQLDPR VSHVVR TXHVWH GRPDQGH H PROWH DOWUH DQFRUD (UDYDPR QRYDQWDVHLTXDQGRVLDPRHQWUDWLQRLJOLLWDOLDQLGHOFRQYRJOLRFHQWRVHWWDQWDTXDWWURPLOD VHLTXDQGRV YHQWLQRYH VROWDQWR IUD QRL KDQQR VRSUDYYLVVXWR ILQR DOOߞRWWREUH H GL TXHVWL RWWR VRQR QRYH VROWDQ VROWDQW DQGDWL VHOH]LRQH GDWL LQ VHOH VHOH] QH 2UD VLDPR YHQWXQR H OߞLQYHUQR ¨ DSSHQD LQFRPLQFLDWR 4XDQWL IUD QH QRLJLXQJHUDQQRYLYLDOQXRYRDQQR"4XDQWLDOODSULPDYHUD" QRLJLXQJH QRLJLXQJHU QRYLYLDO RYLYLDO 'DSDUHFFKLHVHWWLPDQHRUPDLOHLQFXUVLRQLVRQRFHVVDWHODSLRJJLDGLQRYHPEUHVL¨ 'D 'DS FFKLHVHWWLP PXWDWDLQQHYHHODQHYHKDULFRSHUWROHURYLQH,WHGHVFKLHLSRODFFKLYHQJRQRDOODYRUR PXWD QQHYHHOD FRJOLVWLYDORQLGLJRPPDLFRSULRUHFFKLGLSHORHOHWXWHLPERWWLWHLSULJLRQLHULLQJOHVL FR VWLYDORQLG FRQ PHUDYLJOLRVL JLXEEHWWL GL SHOOLFFLD 1HO QRVWUR /DJHU QRQ KDQQR GLVWULEXLWR Q L ORUR P FDSSRWWLVHQRQDTXDOFKHSULYLOHJLDWRQRLVLDPRXQ.RPPDQGRVSHFLDOL]]DWRLOTXDOH FDSSRWWLV FDSSRWWLVH LQWHRULDQRQODYRUDFKHDOFRSHUWRSHUFL²QRLVLDPRULPDVWLLQWHQXWDHVWLYD LQWHRUL LQWHRULD 1RLVLDPRLFKLPLFLHSHUFL²ODYRULDPRDLVDFFKLGLIHQLOEHWD$EELDPRVJRPEHUDWRLO 1 PDJD]]LQR GRSR OH SULPH LQFXUVLRQL QHO FROPR GHOOߞHVWDWH OD IHQLOEHWD FL VL LQFROODYD P VRWWRJOLDELWLDOOHPHPEUDVXGDWHHFLURGHYDFRPHXQDOHEEUDODSHOOHVLVWDFFDYDGDL QRVWULYLVLLQJURVVHVTXDPHEUXFLDWH3RLOHLQFXUVLRQLVLVRQRLQWHUURWWHHQRLDEELDPR ULSRUWDWR L VDFFKL QHO PDJD]]LQR 3RL LO PDJD]]LQR ¨ VWDWR FROSLWR H QRL DEELDPR ULFRYHUDWRLVDFFKLQHOODFDQWLQDGHO5HSDUWR6WLUROR2UDLOPDJD]]LQR¨VWDWRULSDUDWRH ELVRJQDDFFDWDVWDUYLLVDFFKLDQFRUDXQDYROWD/ߞRGRUHDFXWRGHOODIHQLOEHWDLPSUHJQDLO QRVWUR XQLFR DELWR H FL DFFRPSDJQD JLRUQR H QRWWH FRPH OD QRVWUD RPEUD )LQRUD L YDQWDJJL GL HVVHUH QHO .RPPDQGR &KLPLFR VL VRQR OLPLWDWL D TXHVWL JOL DOWUL KDQQR ULFHYXWRLFDSSRWWLHQRLQRJOLDOWULSRUWDQRVDFFKLGLFLQTXDQWDFKLOLGLFHPHQWRHQRL VDFFKL GL VHVVDQWD FKLOL GL IHQLOEHWD &RPH SHQVDUH DQFRUD DOOߞHVDPH GL FKLPLFD H DOOH LOOXVLRQLGLDOORUD"$OPHQRTXDWWURYROWHGXUDQWHOߞHVWDWHVL¨SDUODWRGHOODERUDWRULRGHO 'RNWRU 3DQQZLW] QHO %DX HG ¨ FRUVD OD YRFH FKH VDUHEEHUR VWDWL VFHOWL IUD QRL JOL DQDOLVWLSHULOUHSDUWR3ROLPHUL]]D]LRQH $GHVVREDVWDDGHVVR¨ILQLWROߞXOWLPRDWWROߞLQYHUQR¨LQFRPLQFLDWRHFRQOXLOD QRVWUD XOWLPD EDWWDJOLD 1RQ ¨ SLº GDWR GXELWDUH FKH QRQ VLD OߞXOWLPD ,Q TXDOXQTXH PRPHQWRGHOJLRUQRFLDFFDGDGLSUHVWDUHDVFROWRDOODYRFHGHLQRVWULFRUSLGLLQWHUURJDUH OHQRVWUHPHPEUDODULVSRVWD¨XQDOHIRU]HQRQFLEDVWHUDQQR7XWWRLQWRUQRDQRLSDUOD GL GLVIDFLPHQWR H GL ILQH 0HW GHO %DX ¨ XQ DPPDVVR GL ODPLHUH FRQWRUWH H GL FDOFLQDFFLGDOOHFRQGXWWXUHHQRUPLGRYHSULPDUXJJLYDLOYDSRUHVXUULVFDOGDWRSHQGRQR RUD ILQR DO VXROR GHIRUPL JKLDFFLROL D]]XUUL JURVVL FRPH SLODVWUL /D %XQD ¨ VLOHQ]LRVD
'LHGUHL/HXWHYRP/DERU
IO D U E T S BIL I R D E P EN O V T N S TE NO
PLYXROHFKLHGHUHVFXVDGHOODSDODWDGLIDQJRQRQKDDQFRUDFDSLWRGRYHVLDPRELVRJQD SURSULRGLUHFKHJOLXQJKHUHVLVRQRJHQWHVLQJRODUH $QGDUHDOSDVVRHIDUHXQGLVFRUVRFRPSOLFDWRLQWHGHVFR¨EHQWURSSRTXHVWDYROWD VRQRLRFKHORDYYHUWRFKHKDLOSDVVRVEDJOLDWRHORKRJXDUGDWRHKRYLVWRLVXRLRFFKL GLHWUROHJRFFLROHGLSLRJJLDGHJOLRFFKLDOLHVRQRVWDWLJOLRFFKLGHOOߞXRPR.UDXV $OORUDDYYHQQHXQIDWWRLPSRUWDQWHHPHWWHFRQWRGLUDFFRQWDUORDGHVVRIRUVHSHUOD VWHVVDUDJLRQHSHUFXLPHWWHYDFRQWRFKHDYYHQLVVHDOORUD0LDFFDGGHGLIDUHXQOXQJR GLVFRUVRD.UDXVLQFDWWLYRWHGHVFRPDOHQWRHVWDFFDWRVLQFHUDQGRPLGRSRRJQLIUDVH FKHOXLOߞDYHVVHFDSLWD *OLUDFFRQWDLFKHDYHYRVRJQDWRGLHVVHUHDFDVDPLDQHOODFDVDGRYHHURQDWRVHGXWR FRQ OD PLD IDPLJOLD FRQ OH JDPEH VRWWR LO WDYROR H VRSUD PROWD PROWLVVLPD URED GD PDQJLDUH(GHUDGߞHVWDWHHGHUDLQ,WDOLDD1DSROL"ߨPDVD1DSROLQRQ¨LOFDVRGL VRWWLOL]]DUH(GHFFRDXQWUDWWRVXRQDYDLOFDPSDQHOORHLRPLDO]DYRSLHQRGLDQVLDH DQGDYR DG DSULUH H FKL VL YHGHYD" /XL LO TXL SUHVHQWH .UDXV 3¡OL FRL FDSHOOL SXOLWR H JUDVVR H YHVWLWR GD XRPR OLEHUR H LQ PDQR XQD SDJQRWWD 'D GXH FKLOL DQFRUD FDOGD $OORUD l6HUYXV 3¡OL ZLH JHKWߞV"{ H PL VHQWLYR SLHQR GL JLRLD H OR IDFHYR HQWUDUH H VSLHJDYRDLPLHLFKLHUDHFKHYHQLYDGD%XGDSHVWHSHUFK©HUDFRVEDJQDWRSHUFK©HUD EDJQDWRFRVFRPHDGHVVR(JOLGDYRGDPDQJLDUHHGDEHUHHSRLXQEXRQOHWWRSHU GRUPLUHHGHUDQRWWHPDFߞHUDXQPHUDYLJOLRVRWHSRUHSHUFXLLQXQPRPHQWRHUDYDPR WXWWLDVFLXWWLVSHUFK©DQFKߞLRHURPROWREDJQDWR &KH EXRQ UDJD]]R GRYHYD HVVHUH .UDXV GD ERUJKHVH QRQ YLYU D OXQJR TXL GHQWUR UR TXHVWRVLYHGHDOSULPRVJXDUGRHVLGLPRVWUDFRPHXQWHRUHPD0LGLVSLDFHQRQVDSHUH VDSHUH OߞXQJKHUHVHHFFRFKHODVXDFRPPR]LRQHKDURWWRJOLDUJLQLHGHURPSHLQXQDPDUHDGL DUHDG DUHDGL ELVODFFKH SDUROH PDJLDUH 1RQ KR SRWXWR FDSLUH DOWUR FKH LO PLR QRPH PD GDL GDL JHVWL JHV VROHQQLVLGLUHEEHFKHJLXUDHGDXJXUD 3RYHURVFLRFFR.UDXV6HVDSHVVHFKHQRQ¨YHURFKHQRQKRVRJQDWRSURSULRQLHQWH DWRSURSULR WRSURSULR QWH GLOXLFKHSHUPHDQFKHOXL¨QLHQWHIXRUFK©LQXQEUHYHPRPHQWRQLHQWHFRPHWXWWR¨ QLHQWHFRP QLHQWHFR WXWWR¨ QLHQWHTXDJJLºVHQRQODIDPHGHQWURHLOIUHGGRHODSLRJJLDLQWRUQR RUQR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
6LDPRHQWUDWLLQODERUDWRULRWLPLGLVRVSHWWRVLHGLVRULHQWDWLFRPHWUHEHVWLHVHOYDJJH 6LDPRH LDPR FKHVLDGGHQWULQRLQXQDJUDQGHFLWW &RPH¨OLVFLRHSXOLWRLOSDYLPHQWR4XHVWR¨XQ FKHVLD ODERUDWRULRVRUSUHQGHQWHPHQWHVLPLOHDTXDOXQTXHDOWURODERUDWRULR7UHOXQJKLEDQFKLGL ODER ODERU OODYRURFDULFKLGLFHQWLQDLDGLRJJHWWLIDPLOLDUL/DYHWUHULDLQXQDQJRORDVJRFFLRODUHOD OD ELODQFLD DQDOLWLFD XQD VWXID +HUDHXV XQ WHUPRVWDWR +¶SSOHU /ߞRGRUH PL ID WUDVDOLUH FRPHXQDIUXVWDWDLOGHEROHRGRUHDURPDWLFRGHLODERUDWRULGLFKLPLFDRUJDQLFD3HUXQ DWWLPR HYRFDWD FRQ YLROHQ]D EUXWDOH H VXELWR VYDQLWD OD JUDQGH VDOD VHPLEXLD GHOOߞXQLYHUVLW LOTXDUWRDQQROߞDULDPLWHGHOPDJJLRLQ,WDOLD +HUU 6WDZLQRJD FL DVVHJQD L SRVWL GL ODYRUR 6WDZLQRJD ¨ XQ WHGHVFRSRODFFR DQFRU JLRYDQH GDO YLVR HQHUJLFR PD LQVLHPH WULVWH H VWDQFR DQFKH OXL 'RNWRU QRQ LQ FKLPLFD EHQV QH SDV FKHUFKHU FRPSUHQGUH LQ JORWWRORJLD WXWWDYLD ¨ OXL LO FDSR ODERUDWRULR &RQ QRL QRQ SDUOD YROHQWLHUL PD QRQ VHPEUD PDO GLVSRVWR &L FKLDPD l0RQVLHXU{LOFKH¨ULGLFRORHVFRQFHUWDQWH ,QODERUDWRULRODWHPSHUDWXUD¨PHUDYLJOLRVDLOWHUPRPHWURVHJQDp1RLSHQVLDPR FKH FL SRVVRQR DQFKH PHWWHUH D ODYDUH OD YHWUHULD R D VFRSDUH LO SDYLPHQWR R D WUDVSRUWDUH OH ERPEROH GL LGURJHQR TXDOXQTXH FRVD SXU GL UHVWDUH TXL GHQWUR H LO SUREOHPDGHOOߞLQYHUQRSHUQRLVDU ULVROWR(SRLDXQVHFRQGRHVDPHDQFKHLOSUREOHPD GHOODIDPHQRQGRYUHEEHHVVHUHGLIILFLOHDULVROYHUVL9RUUDQQRSURSULRSHUTXLVLUFLRJQL JLRUQRDOOߞXVFLWD"2TXDQGRDQFKHFRVIRVVHRJQLYROWDFKHGRPDQGHUHPRGLDQGDUHDOOD ODWULQD"(YLGHQWHPHQWHQR(TXLFߞ¨VDSRQHFߞ¨EHQ]LQDFߞ¨DOFRRO0LFXFLU²XQDWDVFD VHJUHWD QHOOߞLQWHUQR GHOOD JLDFFD IDU² XQD FRPELQD]LRQH FRQ OߞLQJOHVH FKH ODYRUD LQ RIILFLQDHFRPPHUFLDLQEHQ]LQD9HGUHPRTXDQWRVHYHUDVDU ODVRUYHJOLDQ]DPDRUPDL KRXQDQQRGL/DJHUHVRFKHVHXQRYXROHUXEDUHHFLVLGHGLFDVHULDPHQWHQRQHVLVWH
IO D U E T S BIL I R D E P EN O V T N S TE NO
TESTO PER STUDIO UNITO
+R LQ WDVFD XQ ELJOLHWWR GHOOߞ$UEHLWVGLHQVW GRYH ¨ VFULWWR FKH OR +¤IWOLQJ FRPHRSHUDLRVSHFLDOL]]DWRKDGLULWWRDFDPLFLDHPXWDQGHQXRYHHGHYHHVVHUHVEDUEDWR RJQLPHUFROHG /D%XQDGLODQLDWDJLDFHVRWWRODSULPDQHYHVLOHQ]LRVDHULJLGDFRPHXQRVPLVXUDWR FDGDYHUH RJQL JLRUQR DEEDLDQR OH VLUHQH GHO )OLHJHUDODUP L UXVVL VRQR D RWWDQWD J FKLORPHWUL/DFHQWUDOHHOHWWULFD¨IHUPDOHFRORQQHGHO0HWDQRORQRQHVLVWRQRSLºWUH FHQWU FHQWUD GHL TXDWWUR JDVRPHWUL JDVRPHW GHOOߞDFHWLOHQH VRQR VDOWDWL 1HO QRVWUR /DJHU DIIOXLVFRQR RJQL JDVRPHWUL JLRUQR DOOD OOD ULQIXVD L SULJLRQLHUL lUHFXSHUDWL{ GD WXWWL L FDPSL GHOOD 3RORQLD RULHQWDOH L PHQR YDQQR DO ODYRUR L SLº SURVHJXRQR VHQ]ߞDOWUR SHU %LUNHQDX H SHU LO &DPLQR /D O UD]LRQH¨VWDWDDQFRUDULGRWWD,O.D%HULJXUJLWDJOL(+¤IWOLQJHKDQQRSRUWDWRLQFDPSR ]LRQH¨VWDWD FRU FR ODVFDUODWWLQDODGLIWHULWHHLOWLIRSHWHFFKLDOH ODVFDUODWWL ODVFDUODWWLQ ODGLIWHULW DGLIWHULW 0DOR+¤IWOLQJ¨VWDWRSURPRVVRVSHFLDOLVWDHKDGLULWWRDFDPLFLDHPXWDQGH 0 0DOR ¤IWOLQJ QXRYH H GHYH HVVHUH QXRY HVVH UDVR RJQL PHUFROHG 1HVVXQR SX² YDQWDUVL GL FRPSUHQGHUH L WHGHVFKL WH WHG FKL KL
VXRLGHVLGHUL,OVDQJXHGHOOHVXHYHQH¨WURSSROLEHURSHUFK©$OEHUWRLOPLRDPLFRQRQ GRPDWR SHQVL GL DGDJLDUVL LQ XQ VLVWHPD LO VXR LVWLQWR OR SRUWD DOWURYH YHUVR DOWUH VROX]LRQL YHUVR OߞLPSUHYLVWR OߞHVWHPSRUDQHR LO QXRYR $ XQ EXRQ LPSLHJR $OEHUWR SUHIHULVFHVHQ]DHVLWDUHJOLLQFHUWLHOHEDWWDJOLHGHOODlOLEHUDSURIHVVLRQH{
COPIA NON VENDIBILE
DGHVVRHTXDQGRLOYHQWR¨SURSL]LRVHVLWHQGHOߞRUHFFKLRVLVHQWHXQFRQWLQXRVRUGR IUHPLWR VRWWHUUDQHR LO TXDOH ¨ LO IURQWH FKH VL DYYLFLQD 6RQR DUULYDWL LQ /DJHU WUHFHQWR SULJLRQLHUL GHO JKHWWR GL /RG] FKH L WHGHVFKL KDQQR WUDVIHULWL GDYDQWL DOOߞDYDQ]DWD GHL UXVVLKDQQRSRUWDWRILQRDQRLODYRFHGHOODORWWDOHJJHQGDULDQHOJKHWWRGL9DUVDYLDHFL KDQQR UDFFRQWDWR GL FRPH JL XQ DQQR ID L WHGHVFKL KDQQR OLTXLGDWR LO FDPSR GL /XEOLQRTXDWWURPLWUDJOLDWULFLDJOLDQJROLHOHEDUDFFKHLQFHQGLDWHLOPRQGRFLYLOHQRQOR VDSU PDL$TXDQGRODQRVWUDYROWD" 6WDPDQH LO .DSR KD IDWWR FRPH DO VROLWR OD GLYLVLRQH GHOOH VTXDGUH , GLHFL GHO &ORUPDJQHVLRDO&ORUPDJQHVLRHTXHOOLSDUWRQRVWUDVFLFDQGRLSLHGLLOSLºOHQWDPHQWH SRVVLELOH SHUFK© LO &ORUPDJQHVLR ¨ XQ ODYRUR GXULVVLPR VL VWD WXWWR LO JLRUQR ILQR DOOH FDYLJOLHQHOOߞDFTXDVDOPDVWUDHJHODWDFKHPDFHUDOHVFDUSHJOLDELWLHODSHOOH,O.DSR DIIHUUD XQ PDWWRQH H OR VFDJOLD QHO PXFFKLR TXHOOL VL VFDQVDQR JRIIDPHQWH PD QRQ DFFHOHUDQR LO SDVVR TXHVWD TXDVL XQD FRQVXHWXGLQH DYYLHQH WXWWH OH PDWWLQH H QRQ VHPSUHVXSSRQHQHO.DSRXQSUHFLVRSURSRVLWRGLQXRFHUH ,TXDWWURGHO6FKHLVVKDXVDOORURODYRURHSDUWRQRLTXDWWURDGGHWWLDOODFRVWUX]LRQH GHOOD QXRYD ODWULQD %LVRJQD LQIDWWL VDSHUH FKH GD TXDQGR FROOߞDUULYR GHL FRQYRJOL GL /RG] H GL 7UDQVLOYDQLD QRL DEELDPR VXSHUDWR OߞHIIHWWLYR GL FLQTXDQWD +¤IWOLQJH LO PLVWHULRVREXURFUDWHWHGHVFRFKHVRYULQWHQGHDTXHVWHFRVHFLKDDXWRUL]]DWRDOODHUH]LRQH GL XQR l=ZHLSODW]LJHV .RPPDQGRVFKHLVVKDXV{ YDOH D GLUH GL XQ FHVVR D GXH SRVWL ULVHUYDWRDOQRVWUR.RPPDQGR1RLQRQVLDPRLQVHQVLELOLDTXHVWRVHJQRGLGLVWLQ]LRQH FKH ID GHO QRVWUR XQR GHL SRFKL .RPPDQGRV D FXL VLD YDQWR OߞDSSDUWHQHUH ¨ SHU² HU² HYLGHQWHFKHYLHQHFRVDPDQFDUHLOSLºVHPSOLFHGHLSUHWHVWLSHUDVVHQWDUVLGDOODYRURH YRURH SHULQWHVVHUHFRPELQD]LRQLFRLFLYLOLߙ1REOHVVHREOLJHߙGLFH+HQULLOTXDOHKDDOWUH DDOWU DDOWUH FRUGHDOVXRDUFR ,GRGLFLGHLPDWWRQL,FLQTXHGL0HLVWHU'DKP,GXHGHOOHFLVWHUQH4XDQWLDVVHQWL" 4XDQWLDVV 4XDQWLDVVH 7UHDVVHQWL+RPRONDHQWUDWRVWDPDQHLQ.D%HLO)DEEURPRUWRLHUL)UDQ§RLVWUDVIHULWR )UDQ§RLVWUD UDQ§RLVWUD ULWR FKLVV GRYH H FKLVV SHUFK© ,O FRQWR WRUQD LO .DSR UHJLVWUD HG ¨ VRGGLVIDWWR VRGGLVID 1RQ VRGGLVI UHVWLDPR RUPDL FKH QRL GLFLRWWR GHOOD IHQLOEHWD ROWUH DL SURPLQHQWL HQWL QWL GHO .RPPDQGR .R .RP DQGR (G HFFROߞLPSUHYHGLELOH ,O.DSRGLFHߙ,O'RNWRU3DQQZLW]KDFRPXQLFDWRDOOߞ$UEHLWVGLHQVWFKHWUH+¤IWOLQJH UEHLWVGLHQVW KHWUH+¤IWOL VRQRVWDWLVFHOWLSHULO/DERUDWRULR%UDFNLHU.DQGHO/HYLߙ .DQ .D / 3HU XQ LVWDQWH OH RUHFFKLH PL URQ]DQR H OD %XQD PL JLUD LQWRUQR 6LDPR WUH UH /HYL QHO .RPPDQGR PD +XQGHUW 9LHUXQGVLHE]LJ )¼QI +XQGHUW 6LHE]HKQ VRQR LR QRQ Fߞ¨ GXEELRSRVVLELOH,RVRQRXQRGHLWUHHOHWWL ,O .DSR FL VTXDGUD FRQ XQ ULVR DVWLRVR 8Q EHOJD XQ UXPHQR H XQ LWDOLDQR WUH l)UDQ]RVHQ{ LQVRPPD 3RVVLELOH FKH GRYHVVHUR SURSULR HVVHUH WUH )UDQ]RVHQ JOL HOHWWL SHULOSDUDGLVRGHOODERUDWRULR" 0ROWL FRPSDJQL VL FRQJUDWXODQR SULPR IUD WXWWL $OEHUWR FRQ JHQXLQD JLRLD VHQ]D RPEUDGߞLQYLGLD$OEHUWRQRQWURYDQXOODDULGLUHVXOODIRUWXQDFKHPL¨WRFFDWDHQH¨ DQ]LEHQOLHWRVLDSHUDPLFL]LDVLDSHUFK©QHWUDUU OXLSXUHGHLYDQWDJJLLQIDWWLQRLGXH VLDPR RUPDL OHJDWL GD XQR VWUHWWLVVLPR SDWWR GL DOOHDQ]D SHU FXL RJQL ERFFRQH lRUJDQL]]DWR{ YLHQH GLYLVR LQ GXH SDUWL ULJRURVDPHQWH XJXDOL 1RQ KD PRWLYR GL LQYLGLDUPLSRLFK©HQWUDUHLQ/DERUDWRULRQRQULHQWUDYDQ©QHOOHVXHVSHUDQ]HQ©SXUHQHL
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
$GHVVRRJQLPDWWLQDDOODGLYLVLRQHGHOOHVTXDGUHLO.DSRFKLDPDSULPDGLWXWWLJOL PDSULPD XWWLJOL PDSULPDG DOWUL QRL WUH GHO /DERUDWRULR lGLH GUHL /HXWH YRP /DERU{ ,Q FDPSR DDO DOOD VHUD H DO PDWWLQR QXOOD PL GLVWLQJXH GDO JUHJJH PD GL JLRUQR DO ODYRUR RUR LR VWR DO FRSHUWR H DO D FDOGRHQHVVXQRPLSLFFKLDUXERHYHQGRVDSRQHHEHQ]LQDVHQ]DVHULRULVFKLRHIRUVH DVHQ]DVHU ULVFKLRHIR DYU² XQ EXRQR SHU OH VFDUSH GL FXRLR ,QROWUH VL SX² FKLDPDUH DPDUH DUH ODYRUR R TXHVWR TXHVWR PLR" /DYRUDUH¨VSLQJHUHYDJRQLSRUWDUHWUDYLVSDFFDUHSLHWUHVSDODUHWHUUDVWULQJHUHFRQOH QJ QJH PDQL QXGH LO ULEUH]]R GHO IHUUR JHODWR ,R LQYHFH VWR VHGXWR WXWWR LO JLRUQR KR XQ TXDGHUQRHXQDPDWLWDHPLKDQQRSHUILQRGDWRXQOLEURSHUULQIUHVFDUPLODPHPRULDVXL PHWRGL DQDOLWLFL +R XQ FDVVHWWR GRYH SRVVR ULSRUUH EHUUHWWR H JXDQWL H TXDQGR YRJOLR XVFLUHEDVWDFKHDYYLVL+HUU6WDZLQRJDLOTXDOHQRQGLFHPDLGLQRHVHULWDUGRQRQID GRPDQGHKDOߞDULDGLVRIIULUHQHOODVXDFDUQHSHUODURYLQDFKHORFLUFRQGD , FRPSDJQL GHO .RPPDQGR PL LQYLGLDQR H KDQQR UDJLRQH QRQ GRYUHL IRUVH GLUPL FRQWHQWR" 0D QRQ DSSHQD DO PDWWLQR LR PL VRWWUDJJR DOOD UDEELD GHO YHQWR H YDUFR OD VRJOLDGHOODERUDWRULRHFFRDOPLRILDQFRODFRPSDJQDGLWXWWLLPRPHQWLGLWUHJXDGHO .D%HHGHOOHGRPHQLFKHGLULSRVRODSHQDGHOULFRUGDUVLLOYHFFKLRIHURFHVWUXJJLPHQWR GL VHQWLUVL XRPR FKH PL DVVDOWD FRPH XQ FDQH DOOߞLVWDQWH LQ FXL OD FRVFLHQ]D HVFH GDO EXLR$OORUDSUHQGRODPDWLWDHLOTXDGHUQRHVFULYRTXHOORFKHQRQVDSUHLGLUHDQHVVXQR
IO D U E T S BIL I R D E P EN O V T N S TE NO
COPIA NON VENDIBILE
3RL FL VRQR OH GRQQH 'D TXDQWL PHVL QRQ YHGHYR XQD GRQQD" 1RQ GL UDGR VL LQFRQWUDYDQR LQ %XQD OH RSHUDLH XFUDLQH H SRODFFKH LQ SDQWDORQL H JLXEED GL FXRLR PDVVLFFHHYLROHQWHFRPHLORURXRPLQL(UDQRVXGDWHHVFDUPLJOLDWHGߞHVWDWHLPERWWLWHGL DELWLVSHVVLGߞLQYHUQRODYRUDYDQRGLSDODHGLSLFFRQHHQRQVLVHQWLYDQRDFFDQWRFRPH GRQQH 4XL¨GLYHUVR'LIURQWHDOOHUDJD]]HGHOODERUDWRULRQRLWUHFLVHQWLDPRVSURIRQGDUH GL YHUJRJQD H GL LPEDUD]]R 1RL VDSSLDPR TXDO ¨ LO QRVWUR DVSHWWR FL YHGLDPR OߞXQ OߞDOWURHWDORUDFLDFFDGHGLVSHFFKLDUFLLQXQYHWURWHUVR6LDPRULGLFROLHULSXJQDQWL,O QRVWURFUDQLR¨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¨ OߞRGRUH JHQHULFR GL PDO ODYDWR PD OߞRGRUH GL RF VLRQH LRQH SHU P +¤IWOLQJVFLDOERHGROFLDVWURFKHFLKDDFFROWLDOQRVWURDUULYRLQ/DJHUHGHVDODWHQDFH ¤IWOLQJVFLD GDLGRUPLWRULGDOOHFXFLQHGDLODYDWRLHGDLFHVVLGHO/DJHU/RVLDFTXLVWDVXELWRHQRQ GDLGRUPL GDLGRUPLW ORVLSHUGHSLºlFRVJLRYDQHHJL SX]]L{FRVVLXVDDFFRJOLHUHIUDQRLLQXRYLDUULYDWL ORVLSH ORVLSHU $QRLTXHVWHUDJD]]HVHPEUDQRFUHDWXUHXOWUDWHUUHQH6RQRWUHJLRYDQLWHGHVFKHSLº $ )U¤XOHLQ/LF]EDSRODFFDFKH¨ODPDJD]]LQLHUDH)UDX0D\HUFKH¨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¤XOHLQ /LF]EDHOHLQRQPLKDULVSRVWRPDVL¨YROWDD6WDZLQRJDFRQYLVRLQIDVWLGLWRHJOLKD SDUODWRUDSLGDPHQWH1RQKRLQWHVRODIUDVHPDl6WLQNMXGH{OߞKRSHUFHSLWRFKLDUDPHQWH HPLVLVRQRVWUHWWHOHYHQH6WDZLQRJDPLKDGHWWRFKHSHURJQLTXHVWLRQHGLODYRURFL GREELDPRULYROJHUHDOXLGLUHWWDPHQWH 4XHVWHUDJD]]HFDQWDQRFRPHFDQWDQRWXWWHOHUDJD]]HGLWXWWLLODERUDWRULGHOPRQGR HTXHVWRFLUHQGHSURIRQGDPHQWHLQIHOLFL'LVFRUURQRIUDORURSDUODQRGHOWHVVHUDPHQWR GHLORURILGDQ]DWLGHOOHORURFDVHGHOOHIHVWHSURVVLPHߨ ߙ'RPHQLFDYDLDFDVD",RQR¨FRVVFRPRGRYLDJJLDUH ߙ ,R DQGU² D 1DWDOH 'XH VHWWLPDQH VROWDQWR H SRL VDU DQFRUD 1DWDOH QRQ VHPEUD YHURTXHVWߞDQQR¨SDVVDWRFRVSUHVWR ߨ 4XHVWߞDQQR ¨ SDVVDWR SUHVWR /ߞDQQR VFRUVR D TXHVWߞRUD LR HUR XQ XRPR OLEHUR IXRUL OHJJH PD OLEHUR DYHYR XQ QRPH H XQD IDPLJOLD SRVVHGHYR XQD PHQWH DYLGD H
VRUYHJOLDQ]DHQRQHVLVWRQRSHUTXLVL]LRQLFKHJOLHORSRVVDQRLPSHGLUH $ TXDQWR SDUH GXQTXH OD VRUWH EDWWHQGR VWUDGH LQVRVSHWWDWH KD IDWWR V FKH QRL WUH RJJHWWR GL LQYLGLD SHU L GLHFLPLOD FRQGDQQDWL QRQ DYUHPR TXHVWߞLQYHUQR Q© IUHGGR Q© IDPH 4XHVWR YXRO GLUH IRUWL SUREDELOLW GL QRQ DPPDODUVL JUDYHPHQWH GL VDOYDUVL GDL FRQJHODPHQWLGLVXSHUDUHOHVHOH]LRQL,QTXHVWHFRQGL]LRQLSHUVRQHPHQRHVSHUWHGLQRL GHOOHFRVHGHO/DJHUSRWUHEEHURDQFKHHVVHUHWHQWDWHGDOODVSHUDQ]DGLVRSUDYYLYHUHHGDO SHQVLHURGHOODOLEHUW 1RLQRQRLVDSSLDPRFRPHYDQQRTXHVWHIDFFHQGHWXWWRTXHVWR¨ XQGRQRGHOGHVWLQRFKHFRPHWDOHYDJRGXWRLOSLºLQWHQVDPHQWHSRVVLELOHHVXELWRPD GHOGRPDQLQRQYߞ¨FHUWH]]D$OSULPRYHWURFKHURPSHU²DOSULPRHUURUHGLPLVXUDDOOD SULPD GLVDWWHQ]LRQH ULWRUQHU² D FRQVXPDUPL QHOOD QHYH H QHO YHQWR ILQR D FKH VDU² DQFKߞLRSURQWRSHULO&DPLQR(LQROWUHFKLSX²VDSHUHFKHFRVDDFFDGU TXDQGRLUXVVL YHUUDQQR" 3HUFK© L UXVVL YHUUDQQR ,O VXROR WUHPD QRWWH H JLRUQR VRWWR L QRVWUL SLHGL QHO YXRWR VLOHQ]LR GHOOD %XQD LO IUDJRUH VRPPHVVR H VRUGR GHOOH DUWLJOLHULH ULVXRQD RUPDL LQLQWHUURWWR6LUHVSLUDXQߞDULDWHVDXQߞDULDGLULVROX]LRQH,SRODFFKLQRQODYRUDQRSLºL IUDQFHVLFDPPLQDQRGLQXRYRDWHVWDDOWD*OLLQJOHVLFLVWUL]]DQROߞRFFKLRHFLVDOXWDQR GLQDVFRVWRFRQODl9{GHOOߞLQGLFHHGHOPHGLRHQRQVHPSUHGLQDVFRVWR 0DLWHGHVFKLVRQRVRUGLHFLHFKLFKLXVLLQXQDFRUD]]DGLRVWLQD]LRQHHGLGHOLEHUDWD VFRQRVFHQ]D $QFRUD XQD YROWD KDQQR ILVVDWR OD GDWD GHOOߞLQL]LR GHOOD SURGX]LRQH GL JRPPD VLQWHWLFD VDU SHU LO z IHEEUDLR )DEEULFDQR ULIXJL H WULQFHH ULSDUDQR L GDQQL FRVWUXLVFRQR FRPEDWWRQR FRPDQGDQR RUJDQL]]DQR H XFFLGRQR &KH DOWUR WUR SRWUHEEHURIDUH"6RQRWHGHVFKLTXHVWRORURDJLUHQRQ¨PHGLWDWRHGHOLEHUDWRPDVHJXH VHJXH GDOOD ORUR QDWXUD H GDO GHVWLQR FKH VL VRQR VFHOWL 1RQ SRWUHEEHUR IDUH DOWULPHQWL L VH VL V IHULVFH LO FRUSR GL XQ DJRQL]]DQWH OD IHULWD LQFRPLQFLD WXWWDYLD D FLFDWUL]]DUH UH DQFKH DQF H VH V OߞLQWHURFRUSRPRUU IUDXQJLRUQR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
2UPDL 1DWDOH ¨ YLFLQR $OEHUWR HG LR FDPPLQLDPR VSDOOD FRQWUR VSDOOD QHOOD OXQJD VFKLHUDJULJLDFXUYLLQDYDQWLSHUUHVLVWHUHPHJOLRDOYHQWRQRWWHHQHYLFDQRQ¨IDFLOH PDQWHQHUVLLQSLHGLDQFRUDSLºGLIILFLOHPDQWHQHUHLOSDVVRHOߞDOOLQHDPHQWRRJQLWDQWR SLHGL SLHGL TXDOFXQRGDYDQWLDQRLLQFHVSLFDHURWRODQHOIDQJRQHURELVRJQDVWDUHDWWHQWLDHYLWDUORH DYDQWLDQ DYDQWLDQRL DULSUHQGHUHLOQRVWURSRVWRQHOODILOD GHUHLOQRVWUR 'DTXDQGRLRVRQRLQ/DERUDWRULR$OEHUWRHGLRODYRULDPRVHSDUDWLHQHOODPDUFLDGL DTXDQGRLR ULWRUQRDEELDPRVHPSUHPROWHFRVHGDGLUFL'LVROLWRQRQVLWUDWWDGLFRVHPROWRHOHYDWH RUQRDEELDP VHP VH ODYRUR GHL FRPSDJQL GHO SDQH GHO IUHGGR PD GD XQD VHWWLPDQD Fߞ¨ TXDOFRVD GL GHO ODYRUR ODYRUR L FRPSD SRUWD RJQL VHUD WUH R TXDWWUR OLWUL GHOOD ]XSSD GHL ODYRUDWRUL FLYLOL QXRYR /RUHQ]R QXRYR UHQ]R HQ]R FL SR LWDOLDQL3HUULVROYHUHLOSUREOHPDGHOWUDVSRUWRDEELDPRGRYXWRSURFXUDUFLFL²FKHTXLVL LWDOLD 3HUULVROYH 3HUULVROYHU FKLDPD lPHQDVFKND{ YDOH D GLUH XQD JDPHOOD IXRUL VHULH GL ODPLHUD ]LQFDWD FK PD D XQD lP SLXWWRVWRXQVHFFKLRFKHXQDJDPHOOD6LOEHUOXVWLOODWWRQLHUHFHOߞKDIDEEULFDWDFRQGXH XWWRVWRXQV SH]]LGLJURQGDLDLQFDPELRGLWUHUD]LRQLGLSDQH¨XQRVSOHQGLGRUHFLSLHQWHVROLGRH SH]]LGLJ SH]]LGLJU FDSDFHGDOFDUDWWHULVWLFRDVSHWWRGLDUQHVHQHROLWLFR FDSDFH FDSDFH ,,QWXWWRLOFDPSRVRORTXDOFKHJUHFRSRVVLHGHXQDPHQDVFKNDSLºJUDQGHGHOODQRVWUD ,Q 4XHVWR ROWUH DL YDQWDJJL PDWHULDOL KD FRPSRUWDWR XQ VHQVLELOH PLJOLRUDPHQWR GHOOD 4 QRVWUDFRQGL]LRQHVRFLDOH8QDPHQDVFKNDFRPHODQRVWUD¨XQGLSORPDGLQRELOW ¨XQ VHJQRDUDOGLFR+HQULVWDGLYHQWDQGRQRVWURDPLFRHSDUODFRQQRLGDSDULDSDUL/KD DVVXQWRXQWRQRSDWHUQRHFRQGLVFHQGHQWHTXDQWRD(OLDVFL¨SHUHQQHPHQWHDOOHFRVWROH H PHQWUH GD XQD SDUWH FL VSLD FRQ WHQDFLD SHU VFRSULUH LO VHJUHWR GHOOD QRVWUD lRUJDQLVDFMD{ GDOOߞDOWUD FL VXELVVD GL LQFRPSUHQVLELOL GLFKLDUD]LRQL GL VROLGDULHW H GL DIIHWWRHFLLQWURQDFRQXQDOLWDQLDGLSRUWHQWRVHRVFHQLW HEHVWHPPLHLWDOLDQHHIUDQFHVL FKHKDLPSDUDWHFKLVV GRYHHFRQOHTXDOLLQWHQGHSDOHVHPHQWHRQRUDUFL 4XDQWR DOOߞDVSHWWR PRUDOH GHO QXRYR VWDWR GL FRVH $OEHUWR H LR DEELDPR GRYXWR FRQYHQLUH FKH QRQ Fߞ¨ GL FKH DQGDUH PROWR ILHUL PD ¨ FRV IDFLOH WURYDUVL GHOOH JLXVWLILFD]LRQL'ߞDOWURQGHTXHVWRVWHVVRIDWWRGLDYHUHQXRYHFRVHGLFXLSDUODUHQRQ¨ XQYDQWDJJLRWUDVFXUDELOH 3DUOLDPRGHOGLVHJQRGLFRPSHUDUFLXQDVHFRQGDPHQDVFKNDSHUIDUHODURWD]LRQHFRQ OD SULPD LQ PRGR FKH FL EDVWL XQD VROD VSHGL]LRQH DO JLRUQR DOOߞDQJROR UHPRWR GHO FDQWLHUH GRYH RUD ODYRUD /RUHQ]R 3DUOLDPR GL /RUHQ]R H GHO PRGR GL FRPSHQVDUOR GRSRVHULWRUQHUHPRVFHUWDPHQWHIDUHPRWXWWRTXDQWRSRWUHPRSHUOXLPDDFKHSUR SDUODUH GL TXHVWR" VLD OXL FKH QRL VDSSLDPR EHQH FKH ¨ GLIILFLOH FKH QRL WRUQLDPR %LVRJQHUHEEH IDUH TXDOFRVD VXELWR SRWUHPPR SURYDUH D IDUJOL ULSDUDUH OH VFDUSH QHOOD FDO]ROHULDGHOQRVWUR/DJHUGRYHOHULSDUD]LRQLVRQRJUDWXLWHVHPEUDXQSDUDGRVVRPD XIILFLDOPHQWHQHLFDPSLGLDQQLHQWDPHQWR¨WXWWRJUDWXLWR $OEHUWRSURYHU ¨DPLFRGHO
/ߞXOWLPR
IO D U E T S BIL I R D E P EN O V T N S TE NO
LQTXLHWDHXQFRUSRDJLOHHVDQR3HQVDYRDPROWHORQWDQLVVLPHFRVHDOPLRODYRURDOOD ILQH GHOOD JXHUUD DO EHQH H DO PDOH DOOD QDWXUD GHOOH FRVH H DOOH OHJJL FKH JRYHUQDQR OߞDJLUH XPDQR H LQROWUH DOOH PRQWDJQH D FDQWDUH DOOߞDPRUH DOOD PXVLFD DOOD SRHVLD $YHYRXQDHQRUPHUDGLFDWDVFLRFFDILGXFLDQHOODEHQHYROHQ]DGHOGHVWLQRHXFFLGHUHH PRULUHPLSDUHYDQRFRVHHVWUDQHHHOHWWHUDULH,PLHLJLRUQLHUDQROLHWLHWULVWLPDWXWWLOL ULPSLDQJHYR WXWWL HUDQR GHQVL H SRVLWLYL OߞDYYHQLUH PL VWDYD GDYDQWL FRPH XQD JUDQGH ULFFKH]]D'HOODPLDYLWDGLDOORUDQRQPLUHVWDRJJLFKHTXDQWREDVWDSHUVRIIULUHODIDPH HLOIUHGGRQRQVRQRSLºDEEDVWDQ]DYLYRSHUVDSHUPLVRSSULPHUH 6HSDUODVVLPHJOLRWHGHVFRSRWUHLSURYDUHDVSLHJDUHWXWWRTXHVWRD)UDX0D\HUPD FHUWR QRQ FDSLUHEEH R VH IRVVH FRV LQWHOOLJHQWH H FRV EXRQD GD FDSLUH QRQ SRWUHEEH VRVWHQHUH OD PLD YLFLQDQ]D H PL IXJJLUHEEH FRPH VL IXJJH LO FRQWDWWR FRQ XQ PDODWR LQFXUDELOH R FRQ XQ FRQGDQQDWR D PRUWH 2 IRUVH PL UHJDOHUHEEH XQ EXRQR SHU PH]]R OLWURGL]XSSDFLYLOH 4XHVWߞDQQR¨SDVVDWRSUHVWR
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
IO D U E T S BIL I R D E P EN O V T N S TE NO
FRV SDUOLDPR LQFHVSLFDQGR GD XQD SR]]DQJKHUD DOOߞDOWUD IUD LO QHUR GHO 'L TXHVWH FRVH HOR OR H LO IDQJR IDQJ GHOOD GH VWUDGD 3DUOLDPR H FDPPLQLDPR ,R SRUWR OH GXH JDPHOOH YXRWH GHO FLHOR GROFHPHQWH SLHQD $QFRUD XQD YROWD OD PXVLFD GHOOD $OEHUWR LO LO SHVR R GHOOD PHQDVFKND P EDQGDODFHULPRQLDGHOl0¼W]HQDE{JLºLEHUUHWWLGLVFDWWRGDYDQWLDOOH66DQFRUDXQD EDQGD EDQGDO HULPRQLDGH YROWD $UEHLW YROWD UEHLW 0DFKW 0DFKW )UHL H OߞDQQXQ]LR GHO .DSR ߙ .RPPDQGR ]ZHL XQG VHFK]LJ 0DFK +¤IWOLQJH6W¤UNHVWLPPWߙVHVVDQWDGXHSULJLRQLHULLOFRQWRWRUQD0DODFRORQQDQRQVL¨ + +¤ LQJH6W¤UNH QJH6W¤UNH VFLROWD IDWWR PDUFLDUH ILQR LQ SLD]]D GHOOߞ$SSHOOR &L VDU DSSHOOR" 1RQ ¨ LROWD FL KDQQR KD OߞDSSHOOR$EELDPRYLVWRODOXFHFUXGDGHOIDURHLOSURILOREHQQRWRGHOODIRUFD OߞDSSHOOR OߞDSSHOOR$ $QFRUDSHUSLºGLXQߞRUDOHVTXDGUHKDQQRFRQWLQXDWRDULHQWUDUHFROWUHSHVWLRGXUR $QF $QFR GHOOHVXROHGLOHJQRVXOODQHYHJHODWD4XDQGRSRLWXWWLL.RPPDQGRVVRQRULWRUQDWLOD GHOO GHOOH EDQGD KD WDFLXWR D XQ WUDWWR H XQD UDXFD YRFH WHGHVFD KD LPSRVWR LO VLOHQ]LR E ED 1HOOߞLPSURYYLVD TXLHWH VL ¨ OHYDWD XQߞDOWUD YRFH WHGHVFD H QHOOߞDULD EXLD H QHPLFD KD SDUODWRDOXQJRFRQFROOHUD,QILQHLOFRQGDQQDWR¨VWDWRLQWURGRWWRQHOIDVFLRGLOXFHGHO IDUR 7XWWR TXHVWR DSSDUDWR H TXHVWR DFFDQLWR FHULPRQLDOH QRQ VRQR QXRYL SHU QRL 'D TXDQGRLRVRQRLQFDPSRKRJL GRYXWRDVVLVWHUHDWUHGLFLSXEEOLFKHLPSLFFDJLRQLPDOH DOWUHYROWHVLWUDWWDYDGLFRPXQLUHDWLIXUWLDOODFXFLQDVDERWDJJLWHQWDWLYLGLIXJD2JJL VLWUDWWDGLDOWUR ,OPHVHVFRUVRXQRGHLFUHPDWRULGL%LUNHQDX¨VWDWRIDWWRVDOWDUH1HVVXQRGLQRLVD HIRUVHQHVVXQRVDSU PDL FRPHHVDWWDPHQWHOߞLPSUHVDVLDVWDWDFRPSLXWDVLSDUODGHO 6RQGHUNRPPDQGR GHO .RPPDQGR 6SHFLDOH DGGHWWR DOOH FDPHUH D JDV H DL IRUQL FKH YLHQH HVVR VWHVVR SHULRGLFDPHQWH VWHUPLQDWR H FKH YLHQH WHQXWR VFUXSRORVDPHQWH VHJUHJDWRGDOUHVWRGHOFDPSR5HVWDLOIDWWRFKHD%LUNHQDXTXDOFKHFHQWLQDLRGLXRPLQL GL VFKLDYL LQHUPL H VSRVVDWL FRPH QRL KDQQR WURYDWR LQ VH VWHVVL OD IRU]D GL DJLUH GL PDWXUDUHLIUXWWLGHOORURRGLR /ߞXRPRFKHPRUU RJJLGDYDQWLDQRLKDSUHVRSDUWHLQTXDOFKHPRGRDOODULYROWD6L GLFH FKH DYHVVH UHOD]LRQL FRJOL LQVRUWL GL %LUNHQDX FKH DEELD SRUWDWR DUPL QHO QRVWUR FDPSR FKH VWHVVH WUDPDQGR XQ DPPXWLQDPHQWR VLPXOWDQHR DQFKH WUD QRL 0RUU RJJL VRWWR L QRVWUL RFFKL H IRUVH L WHGHVFKL QRQ FRPSUHQGHUDQQR FKH OD PRUWH VROLWDULD OD PRUWHGLXRPRFKHJOL¨VWDWDULVHUYDWDJOLIUXWWHU JORULDHQRQLQIDPLD
DPDQR OߞRUGLQH LO VLVWHPD OD EXURFUD]LD LQROWUH SXU HVVHQGR GHL WDQJKHUL PDQHVFKL H LUDFRQGLQXWURQRXQDPRUHLQIDQWLOHSHUJOLRJJHWWLOXFFLFDQWLHYDULRSLQWL &RV LPSRVWDWR LO WHPD HFFRQH LO EULOODQWH VYROJLPHQWR $OEHUWR KD VRWWUDWWR VLVWHPDWLFDPHQWH XQD VHULH GL WDUJKHWWH GHOOR VWHVVR FRORUH GD RJQXQD KD ULFDYDWR WUH GLVFKHWWL OR VWUXPHQWR QHFHVVDULR XQ IRUDWDSSL OߞKR RUJDQL]]DWR LR LQ /DERUDWRULR TXDQGR VRQR VWDWL SURQWL GXHFHQWR GLVFKHWWL VXIILFLHQWL SHU XQ %ORFN VL ¨ SUHVHQWDWR DO %ORFN¤OWHVWHUHJOLKDRIIHUWRODl6SH]LDOLW¤W{SHUODIROOHTXRWD]LRQHGLGLHFLUD]LRQLGL SDQHDFRQVHJQDVFDODUH,OFOLHQWHKDDFFHWWDWRFRQHQWXVLDVPRHRUD$OEHUWRGLVSRQHGL XQSRUWHQWRVRDUWLFRORGLPRGDGDRIIULUHDFROSRVLFXURLQWXWWHOHEDUDFFKHXQFRORUH SHUEDUDFFDQHVVXQ%ORFN¤OWHVWHUYRUU SDVVDUHSHUWDFFDJQRRPLVRQHLVWD HTXHOFKH SLºFRQWDQRQKDGDWHPHUHFRQFRUUHQWLSHUFK©OXLVRORKDDFFHVVRDOODPDWHULDSULPD KDGD KDGD WXGLDWR" 1RQ¨EHQVWXGLDWR"
COPIA NON VENDIBILE
FLDEDWWLQRFDSRIRUVHEDVWHU TXDOFKHOLWURGL]XSSD 3DUOLDPRGLWUHQXRYLVVLPHQRVWUHLPSUHVHHFLWURYLDPRGߞDFFRUGRQHOGHSORUDUHFKH HYLGHQWL UDJLRQL GL VHJUHWR SURIHVVLRQDOH VFRQVLJOLQR GL VSLDWWHOODUOH LQ JLUR SHFFDWR LO QRVWURSUHVWLJLRSHUVRQDOHQHWUDUUHEEHXQJUDQGHYDQWDJJLR 'HOOD SULPD ¨ PLD OD SDWHUQLW +R VDSXWR FKH LO %ORFN¤OWHVWHU GHO ¨ D FRUWR GL VFRSH H QH KR UXEDWD XQD LQ FDQWLHUH H ILQ TXL QRQ Fߞ¨ QXOOD GL VWUDRUGLQDULR /D GLIILFROW HUDTXHOODGLFRQWUDEEDQGDUHODVFRSDLQ/DJHUGXUDQWHODPDUFLDGLULWRUQRHLR OߞKRULVROWDLQXQPRGRFKHFUHGRLQHGLWRVPHPEUDQGRODUHIXUWLYDLQVDJJLQDHPDQLFR VHJDQGRTXHVWߞXOWLPRLQGXHSH]]LSRUWDQGRLQFDPSRLYDULDUWLFROLVHSDUDWDPHQWHLGXH WURQFRQLGLPDQLFROHJDWLDOOHFRVFHGHQWURLSDQWDORQL HULFRVWLWXHQGRLOWXWWRLQ/DJHU SHU LO FKH KR GRYXWR WURYDUH XQ SH]]R GL ODPLHUD PDUWHOOR H FKLRGL SHU ULVDOGDUH L GXH OHJQL,OWUDYDVRKDULFKLHVWRTXDWWURVROLJLRUQL &RQWUDULDPHQWH D TXDQWR WHPHYR LO FRPPLWWHQWH QRQ VROR QRQ KD VYDOXWDWD OD PLD VFRSD PD OߞKD PRVWUDWD FRPH XQD FXULRVLW D SDUHFFKL VXRL DPLFL L TXDOL PL KDQQR SDVVDWRUHJRODUHRUGLQD]LRQHSHUDOWUHGXHVFRSHlGHOORVWHVVRPRGHOOR{ 0D$OEHUWRKDEHQDOWURLQSHQWROD,QSULPROXRJRKDPHVVRDSXQWROߞlRSHUD]LRQH OLPD{ H OߞKD JL HVHJXLWD GXH YROWH FRQ VXFFHVVR $OEHUWR VL SUHVHQWD DO PDJD]]LQR DWWUH]]LFKLHGHXQDOLPDHQHVFHJOLHXQDSLXWWRVWRJURVVD,OPDJD]]LQLHUHVFULYHlXQD OLPD{ DFFDQWR DO VXR QXPHUR GL PDWULFROD H $OEHUWR VH QH YD 9D GLILODWR GD XQ FLYLOH VLFXURXQILRUGLIXUIDQWHWULHVWLQRFKHQHVDXQDSLºGHOGLDYRORHDLXWD$OEHUWRSLºSHU DPRUGHOOߞDUWHFKHSHULQWHUHVVHRSHUILODQWURSLD LOTXDOHQRQKDGLIILFROW DFDPELDUH DUH VXOOLEHURPHUFDWRODOLPDJURVVDFRQWURGXHSLFFROHGLYDORUHXJXDOHRPLQRUH$OEHUWR OEHUWR UHQGHlXQDOLPD{DOPDJD]]LQRHYHQGHOߞDOWUD ( LQILQH KD FRURQDWR LQ TXHVWL JLRUQL LO VXR FDSRODYRUR XQD FRPELQD]LRQH RQH DXGDFH DX DFH DFH QXRYD H GL VLQJRODUH HOHJDQ]D %LVRJQD VDSHUH FKH GD TXDOFKH VHWWLPDQD D DG $OEHUWR $OEHU ¨ $OEH VWDWD DIILGDWD XQD PDQVLRQH VSHFLDOH DO PDWWLQR LQ FDQWLHUH JOL YLHQH QH H FRQVHJQDWR FRQVHJQD XQ VHFFKLR FRQ SLQ]H FDFFLDYLWH H SDUHFFKLH FHQWLQDLD GL WDUJKHWWH GL L FHOOXORLGH FHOOXORLGH GL FRORUL GLYHUVLOHTXDOLHJOLGHYHPRQWDUHPHGLDQWHDSSRVLWLVXSSRUWLQLSHUFRQWUDGGLVWLQJXHUHOH HUFRQWUDG HUFRQWUDGG QJXHUHOH QXPHURVHHOXQJKHWXED]LRQLGLDFTXDIUHGGDHFDOGDYDSRUHDULDFRPSUHVVDJDVQDIWD DULDFRPSUH DJDVQDIWD YXRWR HFF FKH SHUFRUURQR LQ WXWWL L VHQVL LO 5HSDUWR 3ROLPHUL]]D]LRQH PHUL]]D]LRQ %LVRJQD VDSHUH VDS LQROWUHHVHPEUDFKHQRQFߞHQWULDIIDWWRPDOߞLQJHJQRQRQFRQVLVWHIRUVHQHOWURYDUHR FRQVLVW QVLV HQHOWUR FUHDUHUHOD]LRQLIUDRUGLQLGLLGHHDSSDUHQWHPHQWHHVWUDQHL" FKHSHUWXWWLQRL+¤IWOLQJHOD + +¤ GRFFLD ¨ XQD IDFFHQGD DVVDL VJUDGHYROH SHU PROWH UDJLRQL OߞDFTXD ¨ VFDUVD H IUHGGD R DGGLULWWXUD EROOHQWH QRQ Fߞ¨ VSRJOLDWRLR QRQ DEELDPR DVFLXJDPDQL QRQ DEELDPR VDSRQH H GXUDQWH OD IRU]DWD DVVHQ]D ¨ IDFLOH HVVHUH GHUXEDWL 3RLFK© OD GRFFLD ¨ REEOLJDWRULD RFFRUUH DL %ORFN¤OWHVWH XQ VLVWHPD GL FRQWUROOR FKH SHUPHWWD GL DSSOLFDUH VDQ]LRQL D FKL YL VL VRWWUDH SHU OR SLº XQ ILGXFLDULR GHO %ORFN VL LQVWDOOD VXOOD SRUWD H WDVWDFRPH3ROLIHPRFKLHVFHSHUVHQWLUHVH¨EDJQDWRFKLOR¨ULFHYHXQRVFRQWULQRFKL ¨DVFLXWWRULFHYHFLQTXHQHUEDWH6RORSUHVHQWDQGRORVFRQWULQRVLSX²ULVFXRWHUHLOSDQH DOPDWWLQRVHJXHQWH /ߞDWWHQ]LRQHGL$OEHUWRVL¨DSSXQWDWDVXJOLVFRQWULQL,QJHQHUHQRQVRQRDOWURFKH PLVHUL ELJOLHWWL GL FDUWD FKH YHQJRQR ULFRQVHJQDWL XPLGL VSLHJD]]DWL H LUULFRQRVFLELOL $OEHUWR FRQRVFH L WHGHVFKL H L %ORFN¤OWHVWH VRQR WXWWL WHGHVFKL R GL VFXROD WHGHVFD
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
$OEHUWR HG LR VLDPR ULHQWUDWL LQ EDUDFFD H QRQ DEELDPR SRWXWR JXDUGDUFL DUFL UFL LQ LQ YLVR LVR 4XHOOߞXRPRGRYHYDHVVHUHGXURGRYHYDHVVHUHGLXQDOWURPHWDOORGHOQRVWURVHTXHVWD RVWURVHT RVWURVHTX FRQGL]LRQHGDFXLQRLVLDPRVWDWLURWWLQRQKDSRWXWRSLHJDUOR 3HUFK© DQFKH QRL VLDPR URWWL YLQWL DQFKH VH DEELDPR VDSXWR R DGDWWDUFL DGDWWDUFL DQFKH FKH VH DEELDPRILQDOPHQWHLPSDUDWRDWURYDUHLOQRVWURFLERHDUHJJHUHDOODIDWLFDHDOIUHGGR HDOODIDWLF HDOODIDWLFD DOIUHGGR DQFKHVHULWRUQHUHPR $EELDPR LVVDWR OD PHQDVFKND VXOOD FXFFHWWD DEELDPR IDWWR DWWR OD ULSDUWL]LRQH ULSD ]LRQH DEELDPR DEELD VRGGLVIDWWRODUDEELDTXRWLGLDQDGHOODIDPHHRUDFLRSSULPHODYHUJRJQD DYHUJR HUJ
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
*L GD PROWL PHVL RUPDL VL VHQWLYD D LQWHUYDOOL LO URPER GHL FDQQRQL UXVVL TXDQGR Oߞ JHQQDLR PL DPPDODL GL VFDUODWWLQD H IXL QXRYDPHQWH ULFRYHUDWR LQ .D%H l,QIHNWLRQVDEWHLOXQJ{ HLOXQJ YDOH D GLUH XQD FDPHUHWWD SHU YHULW DVVDL SXOLWD FRQ GLHFL HLOXQJ{ FXFFHWWH VX GXH SLDQ SLDQL XQ DUPDGLR WUH VJDEHOOL H OD VHJJHWWD FRO VHFFKLR SHU L ELVRJQL SLDQL FRUSRUDOL,OWXWWRLQWUHPHWULSHUFLQTXH L,OWXWWRLQ 6XOOH FXFFHWWH VXSHULRUL HUD GLVDJHYROH VDOLUH QRQ FߞHUD VFDOD SHUFL² TXDQGR XQ OOH FXFFHWWH PDODWRVLDJJUDYDYDYHQLYDWUDVIHULWRDOOHFXFFHWWHLQIHULRUL DODWRVLDJJU DYD 4XDQGRLRHQWUDLIXLLOWUHGLFHVLPRGHJOLDOWULGRGLFLTXDWWURDYHYDQRODVFDUODWWLQD 4XDQGR 4XDQGR HQWUDLIX GXHIUDQFHVLlSROLWLFL{HGXHUDJD]]LHEUHLXQJKHUHVLFߞHUDQRSRLWUHGLIWHULFLGXHWLIRVL GXHI GXHIUDQ VLlSROLWLFL{ LlSROLWLFL{ XQR DIIHWWR XQD ULEXWWDQWH ULVLSROD IDFFLDOH , GXH ULPDQHQWL DYHYDQR SLº GL XQD H XQR IIHWWR GD X XQ PDODWWLDHGHUDQRLQFUHGLELOPHQWHGHSHULWL P WWLDHGHUDQR WLDHGHUDQR $YHYRIHEEUHDOWD(EELODIRUWXQDGLDYHUHXQDFXFFHWWDWXWWDSHUPHPLFRULFDLFRQ $YHYRIHE VROOLHYRVDSHYRGLDYHUHGLULWWRDTXDUDQWDJLRUQLGLLVRODPHQWRHTXLQGLGLULSRVRHPL VROOLHYRV VROOLHYRVD ULWHQHYRDEEDVWDQ]DEHQFRQVHUYDWRGDQRQGRYHUWHPHUHOHFRQVHJXHQ]HGHOODVFDUODWWLQD ULWHQHY ULWHQHYR GDXQDSDUWHHOHVHOH]LRQLGDOOߞDOWUD GD GDXQ X *UD]LH DOOD PLD RUPDL OXQJD HVSHULHQ]D GHOOH FRVH GHO FDPSR HUR ULXVFLWR D SRUWDUH FRQPHOHPLHFRVHSHUVRQDOLXQDFLQWXUDGLILOLHOHWWULFLLQWUHFFLDWLLOFXFFKLDLRFROWHOOR XQDJRFRQWUHJXJOLDWHFLQTXHERWWRQLHLQILQHGLFLRWWRSLHWULQHSHUDFFLDULQRFKHDYHYR UXEDWRLQ/DERUDWRULR'DRJQXQDGLTXHVWHDVVRWWLJOLDQGRODSD]LHQWHPHQWHFROFROWHOOR VL SRWHYDQR ULFDYDUH WUH SLHWULQH SLº SLFFROH GHO FDOLEUR DGDWWR D XQ QRUPDOH DFFHQGLVLJDUR(UDQRVWDWHYDOXWDWHVHLRVHWWHUD]LRQLGLSDQH 3DVVDLTXDWWURJLRUQLWUDQTXLOOL)XRULQHYLFDYDHIDFHYDPROWRIUHGGRPDODEDUDFFD HUD ULVFDOGDWD 5LFHYHYR IRUWL GRVL GL VXOIDPLGLFR VRIIULYR GL XQD QDXVHD LQWHQVD H VWHQWDYRDPDQJLDUHQRQDYHYRYRJOLDGLDWWDFFDUHGLVFRUVR , GXH IUDQFHVL FRQ OD VFDUODWWLQD HUDQR VLPSDWLFL (UDQR GXH SURYLQFLDOL GHL 9RVJL HQWUDWLLQFDPSRGDSRFKLJLRUQLFRQXQJURVVRWUDVSRUWRGLFLYLOLUDVWUHOODWLGDLWHGHVFKL LQ ULWLUDWD GDOOD /RUHQD ,O SLº DQ]LDQR VL FKLDPDYD $UWKXU HUD FRQWDGLQR SLFFROR H PDJUR/ߞDOWURVXRFRPSDJQRGLFXFFHWWDVLFKLDPDYD&KDUOHVHUDPDHVWURGLVFXRODH DYHYD WUHQWDGXH DQQL LQYHFH GHOOD FDPLFLD JOL HUD WRFFDWD XQD FDQRWWLHUD HVWLYD FRPLFDPHQWHFRUWD ,O TXLQWR JLRUQR YHQQH LO EDUELHUH (UD XQ JUHFR GL 6DORQLFFR SDUODYD VROR LO EHOOR VSDJQRORGHOODVXDJHQWHPDFDSLYDTXDOFKHSDURODGLWXWWHOHOLQJXHFKHVLSDUODYDQRLQ FDPSR6LFKLDPDYD$VNHQD]LHGHUDLQFDPSRGDTXDVLWUHDQQLQRQVRFRPHDYHVVH SRWXWRRWWHQHUHODFDULFDGLl)ULV¶U{GHO.D%HLQIDWWLQRQSDUODYDWHGHVFRQ©SRODFFRH QRQ HUD HFFHVVLYDPHQWH EUXWDOH 3ULPD FKH HQWUDVVH OR DYHYR VHQWLWR SDUODUH D OXQJR
6WRULDGLGLHFLJLRUQL
IO D U E T S BIL I R D E P EN O V T N S TE NO
4XDQGRILQLOGLVFRUVRGHOWHGHVFRFKHQHVVXQRSRW©LQWHQGHUHGLQXRYRVLOHY²OD SULPDYRFHUDXFDߙ+DEWLKUYHUVWDQGHQ"ߙ$YHWHFDSLWR" &KLULVSRVHl-DZRKO{"7XWWLHQHVVXQRIXFRPHVHODQRVWUDPDOHGHWWDUDVVHJQD]LRQH SUHQGHVVHFRUSRGLSHUV©VLIDFHVVHYRFHFROOHWWLYDPHQWHDOGLVRSUDGHLQRVWULFDSL0D WXWWLXGLURQRLOJULGRGHOPRUHQWHHVVRSHQHWU²OHJURVVHDQWLFKHEDUULHUHGLLQHU]LDHGL UHPLVVLRQHSHUFRVVHLOFHQWURYLYRGHOOߞXRPRLQFLDVFXQRGLQRL ߙ.DPHUDGHQLFKELQGHU/HW]WHߙ&RPSDJQLLRVRQROߞXOWLPR 9RUUHL SRWHU UDFFRQWDUH FKH GL IUD QRL JUHJJH DELHWWR XQD YRFH VL IRVVH OHYDWD XQ PRUPRULR XQ VHJQR GL DVVHQVR 0D QXOOD ¨ DYYHQXWR 6LDPR ULPDVWL LQ SLHGL FXUYL H JULJL D FDSR FKLQR H QRQ FL VLDPR VFRSHUWD OD WHVWD FKH TXDQGR LO WHGHVFR FH OߞKD RUGLQDWR/DERWRODVL¨DSHUWDLOFRUSRKDJXL]]DWRDWURFHODEDQGDKDULSUHVRDVXRQDUH H QRL QXRYDPHQWH RUGLQDWL LQ FRORQQD DEELDPR VILODWR GDYDQWL DJOL XOWLPL IUHPLWL GHO PRUHQWH $LSLHGLGHOODIRUFDOH66FLJXDUGDQRSDVVDUHFRQRFFKLLQGLIIHUHQWLODORURRSHUD¨ FRPSLXWDHEHQFRPSLXWD,UXVVLSRVVRQRRUPDLYHQLUHQRQYLVRQRSLºXRPLQLIRUWLIUD QRL OߞXOWLPR SHQGH RUD VRSUD L QRVWUL FDSL H SHU JOL DOWUL SRFKL FDSHVWUL VRQR EDVWDWL 3RVVRQR YHQLUH L UXVVL QRQ WURYHUDQQR FKH QRL GRPDWL QRL VSHQWL GHJQL RUPDL GHOOD PRUWHLQHUPHFKHFLDWWHQGH 'LVWUXJJHUHOߞXRPR¨GLIILFLOHTXDVLTXDQWRFUHDUORQRQ¨VWDWRDJHYROHQRQ¨VWDWR EUHYHPDFLVLHWHULXVFLWLWHGHVFKL(FFRFLGRFLOLVRWWRLYRVWULVJXDUGLGDSDUWHQRVWUD QXOOD SLº DYHWH D WHPHUH QRQ DWWL GL ULYROWD QRQ SDUROH GL VILGD QHSSXUH XQR VJXDUGR UGR GR JLXGLFH
TESTO PER STUDIO UNITO
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
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
IO D U E T S BIL I R D E P EN O V T N S TE NO
(UDJL HTXLSDJJLDWRSHUODPDUFLDDSSHQDIXXVFLWRLGXHUDJD]]LXQJKHUHVLSUHVHURD SDUODUHFRQFLWDWDPHQWHIUDGLORUR(UDQRLQDYDQ]DWDFRQYDOHVFHQ]DPDPROWRGHSHULWL 6LFDSLYDFKHDYHYDQRSDXUDGLUHVWDUHFRLPDODWLGHOLEHUDYDQRGLSDUWLUHFRLVDQL1RQVL WUDWWDYD GL XQ UDJLRQDPHQWR ¨ SUREDELOH FKH DQFKH LR VH QRQ PL IRVVL VHQWLWR FRV GHEROH DYUHL VHJXLWR OߞLVWLQWR GHO JUHJJH LO WHUURUH ¨ HPLQHQWHPHQWH FRQWDJLRVR H OߞLQGLYLGXRDWWHUULWRFHUFDLQSULPROXRJRODIXJD )XRULGHOODEDUDFFDVLVHQWLYDLOFDPSRLQLQVROLWDDJLWD]LRQH8QRGHLGXHXQJKHUHVLVL DO]² XVF H WRUQ² GRSR PH]]ߞRUD FDULFR GL VWUDFFL LPPRQGL 'RYHYD DYHUOL VRWWUDWWL DO PDJD]]LQRGHJOLHIIHWWLGDSDVVDUHDOODGLVLQIH]LRQH/XLHLOVXRFRPSDJQRVLYHVWLURQR IHEEULOPHQWH LQGRVVDQGR VWUDFFL VX VWUDFFL 6L YHGHYD FKH DYHYDQR IUHWWD GL PHWWHUVL GDYDQWL DO IDWWR FRPSLXWR SULPD FKH OD SDXUD VWHVVD OL IDFHVVH UHFHGHUH (UD LQVHQVDWR R FRP SHQVDUHGLIDUHDQFKHVRORXQߞRUDGLFDPPLQRGHEROLFRPHHUDQRHSHUGLSLºQHOODQHYH IDUHDQFKHV DUHDQFKH H FRQ TXHOOH VFDUSH URWWH WURYDWH DOOߞXOWLPR PRPHQWR 7HQWDL GL VSLHJDUOR PD PL XHOOH VFDUS JXDUGDURQRVHQ]DULVSRQGHUH$YHYDQRJOLRFFKLFRPHOHEHVWLHLPSDXULWH GDURQRVHQ]D DURQRVHQ]D XQ DWWLPR PL SDVV² SHU LO FDSR FKH SRWHYDQR DQFKH DYHU UDJLRQH ORUR 6ROR SHU X DWW DWWL 8VFLURQRPDOGHVWULGDOODILQHVWUDOLYLGLIDJRWWLLQIRUPLEDUFROODUHIXRULQHOODQRWWH1RQ 8VFLURQRP GHVWULGDOO HVWULGDOO WRUQDWL VDSXWR PROWR SLº WDUGL FKH QRQ SRWHQGR SURVHJXLUH IXURQR DEEDWWXWL VRQR WRU WL L KR VDSXW GDOOH66SRFKHRUHGRSROߞLQL]LRGHOODPDUFLD GDOOH GDOOH SRFKHRUH SRFKHRUHG $QFKH PH FL YROHYD XQ SDLR GL VFDUSH HUD FKLDUR 3XUH FL YROOH IRUVH XQߞRUD QFKH FKH SHU P SHUFK©ULXVFLVVLDYLQFHUHODQDXVHDODIHEEUHHOߞLQHU]LD1HWURYDLXQSDLRQHOFRUULGRLR UFK©ULXVFLV DYHYDQR VDFFKHJJLDWR LO GHSRVLWR GHOOH VFDUSH GHL ULFRYHUDWL H VL HUDQR SUHVH OH L VDQL DY DYH PLJOLRUL OH SLº VFDGHQWL VIRQGDWH H VSDLDWH JLDFHYDQR LQ WXWWL L FDQWL 3URSULR O PLJOLRU PLJOLRUL LQFRQWUDL .RVPDQ XQ DOVD]LDQR (UD GD FLYLOH FRUULVSRQGHQWH GHOOD l5HXWHU{ D LQFR LQFRQ &OHUPRQW)HUUDQGDQFKHOXLHFFLWDWRHGHXIRULFR'LVVHߙ6HGRYHVVLWXULWRUQDUHSULPD & GLPHVFULYLDOVLQGDFRGL0HW]FKHLRVWRSHUULHQWUDUH .RVPDQDYHYDQRWRULDPHQWHFRQRVFHQ]HIUDL3URPLQHQWLSHUFL²LOVXRRWWLPLVPRPL SDUYH EXRQ LQGL]LR H OR XWLOL]]DL SHU JLXVWLILFDUH GDYDQWL D PH VWHVVR OD PLD LQHU]LD 1DVFRVLOHVFDUSHHULWRUQDLDOHWWR $ WDUGD QRWWH YHQQH DQFRUD LO PHGLFR JUHFR FRQ XQ VDFFR VXOOH VSDOOH H XQ SDVVDPRQWDJQD *HWW² VXOOD PLD FXFFHWWD XQ URPDQ]R IUDQFHVH ߙ 7LHQL OHJJL LWDOLDQR 0HORUHQGHUDLTXDQGRFLULYHGUHPRߙ$QFRUDRJJLORRGLRSHUTXHVWDVXDIUDVH6DSHYD FKHQRLHUDYDPRFRQGDQQDWL (YHQQHILQDOPHQWH$OEHUWRVILGDQGRLOGLYLHWRDVDOXWDUPLGDOODILQHVWUD(UDLOPLR LQGLYLVLELOHQRLHUDYDPRlLGXHLWDOLDQL{HSHUORSLºLFRPSDJQLVWUDQLHULFRQIRQGHYDQR L QRVWUL QRPL 'D VHL PHVL GLYLGHYDPR OD FXFFHWWD H RJQL JUDPPR GL FLER RUJDQL]]DWR H[WUDUD]LRQH PD OXL DYHYD VXSHUDWD OD VFDUODWWLQD GD EDPELQR H LR QRQ DYHYR TXLQGL SRWXWR FRQWDJLDUOR 3HUFL² OXL SDUW H LR ULPDVL &L VDOXWDPPR QRQ RFFRUUHYDQR PROWH SDUROH FL HUDYDPR GHWWH WXWWH OH QRVWUH FRVH JL LQILQLWH YROWH 1RQ FUHGHYDPR FKH VDUHPPRULPDVWLDOXQJRVHSDUDWL$YHYDWURYDWRJURVVHVFDUSHGLFXRLRLQGLVFUHWRVWDWR HUDXQRGLTXHOOLFKHWURYDQRVXELWRWXWWRFL²GLFXLKDQQRELVRJQR $QFKHOXLHUDDOOHJURHILGXFLRVRFRPHWXWWLTXHOOLFKHSDUWLYDQR(UDFRPSUHQVLELOH VWDYDSHUDFFDGHUHTXDOFRVDGLJUDQGHHGLQXRYRVLVHQWLYDILQDOPHQWHLQWRUQRXQDIRU]D FKH QRQ HUD TXHOOD GHOOD *HUPDQLD VL VHQWLYD PDWHULDOPHQWH VFULFFKLRODUH WXWWR TXHO
COPIA NON VENDIBILE
FRQFLWDWDPHQWHQHOFRUULGRLRFROPHGLFRFKHHUDVXRFRPSDWULRWD0LSDUYHFKHDYHVVH XQDHVSUHVVLRQHLQVROLWDPDSRLFK©ODPLPLFDGHLOHYDQWLQLQRQFRUULVSRQGHDOODQRVWUD QRQ FRPSUHQGHYR VH IRVVH VSDYHQWDWR R OLHWR R HPR]LRQDWR 0L FRQRVFHYD R DOPHQR VDSHYDFKHLRHURLWDOLDQR 4XDQGRIXLOPLRWXUQRVFHVLODERULRVDPHQWHGDOODFXFFHWWD*OLFKLHVLLQLWDOLDQRVH FߞHUDTXDOFRVDGLQXRYRHJOLLQWHUUXSSHODUDVDWXUDVWUL]]²JOLRFFKLLQPRGRVROHQQHH DOOXVLYRLQGLF²ODILQHVWUDFROPHQWRSRLIHFHFROODPDQRXQJHVWRDPSLRYHUVRSRQHQWH ߙ0RUJHQDOOH.DPDUDGZHJ 0L JXDUG² XQ PRPHQWR FRJOL RFFKL VSDODQFDWL FRPH LQ DWWHVD GHO PLR VWXSRUH SRL DJJLXQVHߙ7RGRVWRGRVߙHULSUHVHLOODYRUR6DSHYDGHOOHPLHSLHWULQHSHUFL²PLUDVH FRQXQDFHUWDGHOLFDWH]]D /DQRWL]LDQRQSURYRF²LQPHDOFXQDHPR]LRQHGLUHWWD'DPROWLPHVLQRQFRQRVFHYR SLº LO GRORUH OD JLRLD LO WLPRUH VH QRQ LQ TXHO PRGR VWDFFDWR H ORQWDQR FKH ¨ FDUDWWHULVWLFRGHO/DJHUHFKHVLSRWUHEEHFKLDPDUHFRQGL]LRQDOHVHDYHVVLRUDߙSHQVDYR ߙ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l(EEHQH"{HWXWWRVDUHEEH DUHEE DUHEEH ILQLWRO,IUDQFHVLHUDQRGLYHUVLHUDQRDQFRUDIUHVFKL ߙ6DSHWH"ߙGLVVLORURߙ'RPDQLVLHYDFXDLOFDPSR 0LFRSULURQRGLGRPDQGHߙ9HUVRGRYH"$SLHGL"ߨHDQFKHLPDODWL"TXHOOLFKHQRQ DWL"TXHOOLFK WL"TXHOOLFK QRQ SRVVRQRFDPPLQDUH"ߙ6DSHYDQRFKHHURXQYHFFKLRSULJLRQLHURHFKHFDSLYRLOWHGHVFR KHFDSLYR KHFDSLYRLO GHVFR QHFRQFOXGHYDQRFKHVDSHVVLVXOOߞDUJRPHQWRPROWRSLºGLTXDQWRQRQYROHVVLDPPHWWHUH QRQYROHVV PPHWWHUH QRQYROHVVL 1RQVDSHYRDOWURORGLVVLPDTXHOOLFRQWLQXDURQRFROOHGRPDQGH&KHVHFFDWXUD0D PDQGH&KH HFFDWXUD0D FFDWXUD0D JL HUDQRLQ/DJHUGDTXDOFKHVHWWLPDQDQRQDYHYDQRDQFRUDLPSDUDWRFKHLQ/DJHUQRQ UDLPSDUDWR KHLQ/DJHUQ KHLQ/DJHU VLIDQQRGRPDQGH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
COPIA NON VENDIBILE
JHQQDLR , IUDQFHVL IXURQR GߞDFFRUGR &L DO]DPPR DOOߞ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
2JJL LR SHQVR FKH VH QRQ DOWUR SHU LO IDWWR FKH XQ $XVFKZLW] ¨ HVLVWLWR QHVVXQR GRYUHEEHDLQRVWULJLRUQLSDUODUHGL3URYYLGHQ]DPD¨FHUWRFKHLQTXHOOߞRUDLOULFRUGR GHLVDOYDPHQWLELEOLFLQHOOHDYYHUVLW HVWUHPHSDVV²FRPHXQYHQWRSHUWXWWLJOLDQLPL 1RQ VL SRWHYD GRUPLUH XQ YHWUR HUD URWWR H IDFHYD PROWR IUHGGR 3HQVDYR FKH DYUHPPR GRYXWR FHUFDUH XQD VWXID GD LQVWDOODUH H SURFXUDUFL FDUERQH OHJQD H YLYHUL 6DSHYRFKHWXWWRTXHVWRHUDQHFHVVDULRPDVHQ]DOߞDSSRJJLRGLTXDOFXQRQRQDYUHLPDL DYXWROߞHQHUJLDGLPHWWHUORLQDWWR1HSDUODLFRLGXHIUDQFHVL
,WHGHVFKLQRQFߞHUDQRSLº/HWRUUHWWHHUDQRYXRWH
JHQQDLR 1HOOD QRWWH GHOOߞHYDFXD]LRQH OH FXFLQH GHO FDPSR DYHYDQR DQFRUD IXQ]LRQDWRHLOPDWWLQRVHJXHQWHIXIDWWDQHOOߞLQIHUPHULDOߞXOWLPDGLVWULEX]LRQHGL]XSSD /ߞLPSLDQWR FHQWUDOH GL ULVFDOGDPHQWR HUD VWDWR DEEDQGRQDWR QHOOH EDUDFFKH ULVWDJQDYD DQFRUDXQSRߞGLFDORUHPDDRJQLRUDFKHSDVVDYDODWHPSHUDWXUDVLDQGDYDDEEDVVDQGR H VL FRPSUHQGHYD FKH LQ EUHYH DYUHPPR VRIIHUWR LO IUHGGR )XRUL FL GRYHYDQR HVVHUH HUH DOPHQRpVRWWROR]HURODPDJJLRUSDUWHGHLPDODWLQRQDYHYDFKHODFDPLFLDHDOFXQL DOFXQL QHPPHQRTXHOOD 1HVVXQR VDSHYD TXDOH IRVVH OD QRVWUD FRQGL]LRQH $OFXQH 66 HUDQR ULPDVWH DVWH DDOFXQH XQ XQH WRUUHWWHGLJXDUGLDHUDQRDQFRUDRFFXSDWH 9HUVR PH]]RJLRUQR XQ PDUHVFLDOOR GHOOH 66 IHFH LO JLUR GHOOH EDUDFFKH DFFKH FFKH 1RPLQ² 1RP ² LQ RJQXQD XQ FDSREDUDFFD VFHJOLHQGROR IUD L QRQHEUHL ULPDVWL H GLVSRVH FKH IRVVH F LPPHGLDWDPHQWHIDWWRXQHOHQFRGHLPDODWLGLVWLQWLLQHEUHLHQRQHEUHL/DFRVDSDUHYD QHEUHL/ QHEUHL/D VDSDUHYD FKLDUD 1HVVXQR VL VWXS FKH L WHGHVFKL FRQVHUYDVVHUR ILQR DOOߞXOWLPR DOOߞXOWLPR LO ORUR DPRUH QD]LRQDOH SHU OH FODVVLILFD]LRQL H QHVVXQ HEUHR SHQV² SLº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²LOQDVRߙߨ@ HUDQR DO DPPLQLVWUDWLYL
IDWWR FKH PROWH JUDQGL 6RFLHW VIUXWWDYDQR PDQR GߞRSHUD VFKLDYD 1RQ HUDQR SRFKL L FRUUHQWH GHO ID
ODYRUDWRULFKHVYROJHYDQRODORURDWWLYLW LQSURVVLPLW GHLFDPSLGLFRQFHQWUDPHQWRRDGGLULWWXUDHQWUR ODYRUDWRULF DYRUDWRUL YR YRO
+LWOHUHUDHVWUHPDPHQWHSHULFRORVR,QIDWWLFHQWLQDLDGLPLJOLDLDGLWHGHVFKLIXURQRULQFKLXVLQHL/DJHUILQGDLSULPL
PHVLGHOQD]LVPRFRPXQLVWLVRFLDOGHPRFUDWLFLOLEHUDOLHEUHLSURWHVWDQWLFDWWROLFLHWXWWRLOSDHVHORVDSHYDHVDSHYD
FKHLQ/DJHUVLVRIIULYDHVLPRULYD
QXPHUR PHUR UR GL PHPEUL PHPEU GHOOߞDYLD]LRQH PLOLWDUH HUDQR VWDWL WUDVIHULWL DOOH GLSHQGHQ]H GHOOH 66 H GRYHYDQR
SXUHHVVHUHDOFRUUHQWHGLTXDQWRLYLVLVYROJHYD(UDQRPROWLJOLDOWLXIILFLDOLGHOOߞHVHUFLWRFKHVDSHYDQR SXUHHVVHUHD SXUHHVVHUHDO
GHLPDVVDFULLQPDVVDGHLSULJLRQLHULGLJXHUUDUXVVLQHL/DJHUHPROWLVVLPLLVROGDWLHLPHPEULGHOOD GHLPDVVD GHLPDVVDF
3ROL]LD 3ROL] 0LOLWDUH FKH GRYHYDQR VDSHUH FRQ SUHFLVLRQH TXDOL VSDYHQWRVL RUURUL YHQLYDQR FRPPHVVL QHL 3ROL]LD
FDPSLQHLJKHWWLQHOOHFLWW HQHOOHFDPSDJQHGHLWHUULWRULRULHQWDOLRFFXSDWLIRUVHIDOVDXQDVRODGL FD FDP
TXHVWHDIIHUPD]LRQL"
FUHPDWRULOߞDELHWWRVIUXWWDPHQWRGHLFDGDYHULWXWWRTXHVWRQRQVLGRYHYDVDSHUHHGLQHIIHWWLSRFKLORVHSSHURILQR
DOOD ILQH GHOOD JXHUUD 3HU PDQWHQHUH LO VHJUHWR IUD OH DOWUH SUHFDX]LRQL QHO OLQJXDJJLR XIILFLDOH VL XVDYDQR VROWDQWR
FDXWL H FLQLFL HXIHPLVPL QRQ VL VFULYHYD lVWHUPLQLR{ PD lVROX]LRQH GHILQLWLYD{ QRQ lGHSRUWD]LRQH{ PD
lWUDVIHULPHQWR{QRQlXFFLVLRQHFROJDV{PDlWUDWWDPHQWRVSHFLDOH{HFRVYLD1RQVHQ]DUDJLRQH+LWOHUWHPHYDFKH FKH
TXHVWH RUUHQGH QRWL]LH VH VL IRVVHUR GLYXOJDWH DYUHEEHUR FRPSURPHVVR OD IHGH FLHFD FKH LO SDHVH JOL WULEXWDYD YD HG LO
PRUDOH GHOOH WUXSSH FRPEDWWHQWL LQROWUH VDUHEEHUR YHQXWH D FRQRVFHQ]D GHJOL $OOHDWL H VIUXWWDWH FRPH DUJRPHQWR JRPHQW JRPHQWR
(SSXUHߨHSSXUHQRQFߞHUDQHDQFKHXQWHGHVFRFKHQRQVDSHVVHGHOOߞHVLVWHQ]DGHLFDPSLRFKHOL
COPIA NON VENDIBILE
DOOߞXPLOLD]LRQH GL HEUHL HG HEUHH FRVWUHWWL DG LQJLQRFFKLDUVL QHO IDQJR GHOOH VWUDGH 0ROWL WHGHVFKL
R FRQ FXULRVLW R FRQ VGHJQR R PDJDUL FRQ JLRLD PDOLJQD DOOߞLQFHQGLR GHOOH VLQDJRJKH R
WHVWLPRQLGHOODPXOWLIRUPHEDUEDULHDQWLVHPLWLFDPLOLRQLIUDGLORURDYHYDQRDVVLVWLWRFRQLQGLIIHUHQ]D
DOPHQR FKH QRQ VDSHVVHUR FKH LO WDOH R LO WDO DOWUR FL HUD VWDWR PDQGDWR 7XWWL L WHGHVFKL HUDQR VWDWL
ULWHQHVVHGHLVDQDWRUL(UDQRSRFKLLWHGHVFKLFKHQRQDYHVVHURXQSDUHQWHRXQFRQRVFHQWHLQFDPSRR
TESTO PER STUDIO UNITO
LPPHGLDWDPHQWH DOOߞLGHD GHOOD IXJD R GHOOD ULYROWD 'HO UHVWR ¨ YHUR FKH VHFRQGR L FRGLFL PLOLWDUL GL PROWL SDHVL LO
OLEHUW FRPH XQ EHQH D FXL QRQ VL SX² LQ DOFXQ FDVR ULQXQFLDUH H SHUFL² SHU ORUR OߞLGHD GHOOD SULJLRQLD ¨ OHJDWD
FXULRVLW R HVLJHQ]D SDUWLFRODUPHQWH LPSRUWDQWH /D PLD LQWHUSUHWD]LRQH ¨ RWWLPLVWLFD L JLRYDQL GL RJJL VHQWRQR OD
4XHVWH VRQR IUD OH GRPDQGH FKH PL YHQJRQR ULYROWH SLº GL IUHTXHQWH H SHUFL² HVVH GHYRQR QDVFHUH GD TXDOFKH
&ߞHUDQRSULJLRQLHULFKHIXJJLYDQRGDL/DJHU"&RPHPDLQRQVRQRDYYHQXWHULEHOOLRQLLQPDVVD"
FROSHYROH
SRWHQ]DHGHOOߞHIILFDFLDGHOODVHJUHWH]]D
GDYDQWL DG XQ XQLYHUVR DELVVDOH SHU OXL WRWDOPHQWH QXRYR ¨ TXHVWD OD PLJOLRU GLPRVWUD]LRQH GHOOD
TXDQWRDYYHQLYDGDYDQWLDOODVXDSRUWD 6DSHUHHIDUVDSHUHHUDXQPRGRLQIRQGRQRQSRLWDQWRSHULFRORVR GLSUHQGHUHOHGLVWDQ]HGDOQD]LVPRSHQVRFKH
JOL RFFKL H OH RUHFFKLH HJOL VL FRVWUXLYD OߞLOOXVLRQH GL QRQ HVVHUH D FRQRVFHQ]D H TXLQGL GL QRQ HVVHUH FRPSOLFH GL
DYYHQLYDDOOߞLQWHUQRGHL/DJHULQFXLSXUHHVVLLQYLDYDQRLORURSULJLRQLHULODPDJJLRUSDUWHGHJOLVWHVVL
LOSRSRORWHGHVFRQHOVXRFRPSOHVVRQRQYLDEELDIDWWRULFRUVRHGLTXHVWDGHOLEHUDWDRPLVVLRQHORULWHQJRSLHQDPHQWH
ODVXDLJQRUDQ]DFKHJOLDSSDULYDXQDJLXVWLILFD]LRQHVXIILFLHQWHGHOODVXDDGHVLRQHDOQD]LVPRFKLXGHQGRVLODERFFD
VL¨ULYHODWRHIILFDFH&RPHKRGHWWRDOWURYHSHUILQRPROWLIXQ]LRQDULGHOOD*HVWDSRLJQRUDYDQRFRVD * DQR DQR
YHQLYDQR LPSLHJDWL &RPH DYUHEEH SRWXWR FRQRVFHUOL LO SRSROR WHGHVFR" &KL FL HQWUDYD VL WURYDYD
GRPDQGHDFKLIDFHYDGRPDQGHQRQVLULVSRQGHYD,QTXHVWRPRGRLOFLWWDGLQRWHGHVFRWLSLFRFRQTXLVWDYDHGLIHQGHYD
SDUWLFRODULGHOVLVWHPDWHUURULVWLFRUHQGHQGRFRVOߞDQJRVFLDLQGHWHUPLQDWDHTXLQGLWDQWRSLºSURIRQGD DHTXLQGL TXLQ SLºSURIRQG SLºSURIRQGD
SULJLRQLHUL DYHYDQR XQߞLGHD DVVDL LPSUHFLVD GHO IXQ]LRQDPHQWR GHO ORUR FDPSR H GHL PHWRGL FKH YL
1HOOD *HUPDQLD GL +LWOHU HUD GLIIXVR XQ JDODWHR SDUWLFRODUH FKL VDSHYD QRQ SDUODYD FKL QRQ VDSHYD QRQ IDFHYD
QLHQWHHGDQFKHRJJLQHVDQQRSRFR,QGXEELDPHQWHLOPHWRGRGLPDQWHQHUHULJRURVDPHQWHVHJUHWLL QWHQHUHULJRURVD WHQHUHULJRURV WHVHJUHWLL VHJUHWLL
EHQGLIILFLOHUHVLVWHUHPD¨DQFKHYHURFKHLOSRSRORWHGHVFRQHOVXRFRPSOHVVRGLUHVLVWHUHQRQKDQHSSXUHWHQWDWR
VDSHUHDQ]LSHUFK©YROHYDQRQRQVDSHUHFHUWDPHQWHYHURFKHLOWHUURULVPRGL6WDWR¨XQߞDUPDIRUWLVVLPDDFXL¨
GLVSHWWR GHOOH YDULH SRVVLELOLW GߞLQIRUPD]LRQH OD PDJJLRU SDUWH GHL WHGHVFKL QRQ VDSHYDQR SHUFK© QRQ YROHYDQR
&KHFRVDVDSHYDQRLWHGHVFKLGHLFDPSLGLFRQFHQWUDPHQWR"2OWUHDOODORURFRQFUHWDHVLVWHQ]DTXDVL RFRQFUHWDHVLV DTXDVL TX
GL(XJHQ.RJRQJL SULJLRQLHURD%XFKHQZDOGSRLSURIHVVRUHGL6FLHQ]H3ROLWLFKHDOOߞ8QLYHUVLW GL0RQDFR YHUVLW GL0RQD HUVLW GL0RQ
,OULDVVXQWRSLºFRQYLQFHQWHGHOODVLWXD]LRQHWHGHVFDGLDOORUDOߞKRWURYDWRQHOOLEUR'HU666WDDW/R6WDWRGHOOH66 DDW/R6WDWRG DDW 6
UDGLRGHJOL$OOHDWLQRQIXURQRJHQHUDOPHQWHFUHGXWL
$ PLR SDUHUH QHVVXQD GL TXHVWH DIIHUPD]LRQL ¨ IDOVD PD XQߞDOWUD GHYߞHVVHUH DJJLXQWD D FRPSOHWDUH LO TXDGUR D
YDUL PHGLFL 6WDWR H GL ,VWLWXWL SULYDWL FROODERUDYDQR FRQ JOL DVVDVVLQL GL SURIHVVLRQH 8Q EXRQ YDU GLFL GHOOR 6WDW
WDUGL QHL /DJHU OR VWHUPLQLR PHWRGLFR H LQGXVWULDOL]]DWR VXOOD VFDOD GHL PLOLRQL OH FDPHUH D JDV WRVVLFR L IRUQL
SURSDJDQGLVWLFRLOFKHGHOUHVWRDYYHQQHPDSHUODORURVWHVVDHQRUPLW JOLRUURULGHL/DJHUGHVFULWWLSLºYROWHGDOOH SLºYR GDOO GDO
GLHVVL9DULSURIHVVRULXQLYHUVLWDULFROODERUDYDQRFRLFHQWULGLULFHUFKHPHGLFKHLVWLWXLWLGD+LPPOHUH GLHVV GLHVVL LSURIHVVRUL SURIHVV
&L²QRQRVWDQWH¨YHURFKHODJUDQPDVVDGHLWHGHVFKLLJQRU²VHPSUHLSDUWLFRODULSLºDWURFLGLTXDQWRDYYHQQHSLº
IO D U E T S BIL I R D E P EN O V T N S TE NO
VLWXD]LRQHHUDDVVDLJUDYH(UDQRPROWLJOLXRPLQLGߞDIIDULFKHDYHYDQRUDSSRUWLGLIRUQLWXUDFRQOH66 UDDVVD UDDVVDL
XQߞDWPRVIHUDGLWHUURUHLQGHILQLWRIDFHYDSDUWHGHJOLVFRSLGHOQD]LVPRHUDEHQHFKHLOSRSRORVDSHVVHFKHRSSRUVLD
LO SDHVH DYHYDQR OXRJR GL FRQWLQXR HVHFX]LRQL FDSLWDOL VL FRQWDYDQR D PLJOLDLD L PDJLVWUDWL H L IXQ]LRQDULGLSROL]LDJOLDYYRFDWLLVDFHUGRWLHJOLDVVLVWHQWLVRFLDOLFKHVDSHYDQRJHQHULFDPHQWHFKHOD
VLPLOLDYYHQLPHQWL{1HSSXUHXQWHGHVFRSRWHYDLJQRUDUHFKHOHSULJLRQLHUDQRVWUDSLHQHHFKHLQWXWWR
FRQWUROORHGLPDVFKHUDPHQWRGHOODYHULW
SRVVLELOH HG LQROWUH QRQ HUD GDO SXQWR GL YLVWD QD]LVWD QHSSXUH GHVLGHUDELOH &UHDUH HG LQWUDWWHQHUH QHO SDHVH
PRUWL R VYHQXWL SHU HVDXULPHQWRߨ LPSRVVLELOH LPSHGLUH FKH OD SRSROD]LRQH SUHQGD FRQRVFHQ]D GL
VXRPLQLVWURGHOODSURSDJDQGD-RVHSK*RHEEHOVVLPRVWUDURQRGLJUDQOXQJDVXSHULRULD0XVVROLQLLQTXHVWߞRSHUDGL
7XWWDYLD QDVFRQGHUH DO SRSROR WHGHVFR OߞHVLVWHQ]D GHOOߞHQRUPH DSSDUDWR GHL FDPSL GL FRQFHQWUDPHQWR QRQ HUD
SLHGLSHUHVHPSLRGDOODVWD]LRQHDOFDPSRXQQXPHURQRQWUDVFXUDELOHGLSULJLRQLHULFDGRQRSHUYLD
OߞRSHUD]LRQHGLDVVDVVLQDUHLOGHSXWDWRVRFLDOLVWD0DWWHRWWLHGLPHWWHUHOߞLPSUHVDDWDFHUHGRSRSRFKLPHVL+LWOHUHLO
LQGLUL]]DWD GDO FDSR GHOOD 3ROL]LD H GHL 6HUYL]L GL 6LFXUH]]D D WXWWL >ߨ@ JOL XIILFL GL 3ROL]LD H DL FRPDQGDQWL GHL /DJHU VL OHJJH l,Q SDUWLFRODUH VL ¨ GRYXWR FRQVWDWDUH FKH GXUDQWH L WUDVIHULPHQWL D
VWD]LRQL IHUURYLDULH VFKLHUH PLVHUDELOL GL GHWHQXWL LQ XQD FLUFRODUH GDWDWD QRYHPEUH H
VXGGLWRHFRPHWDOHVHLGHELWRUHDOOR6WDWRHGDOGLWWDWRUHFKHORLPSHUVRQD GLOHDOW IDQDWLFDHGLREEHGLHQ]DVXSLQD
IRQGR OD QDWXUD XPDQD FDQFHOODUH IUDPPHQWL DQFKH JURVVL GHOOD UHDOW 1HOOߞ,WDOLD IDVFLVWD ULXVF DEEDVWDQ]D EHQH
ODYRUDYDQRDOOߞHVWHUQRGHL/DJHU$QRQSRFKLWHGHVFKLHUDDFFDGXWRGLLQFRQWUDUHQHOOHVWUDGHRQHOOH
DOOߞLQIRUPD]LRQHVLVRVWLWXLVFHODSURSDJDQGD,QIDWWLLQWDOHSDHVHWXQRQVHLXQFLWWDGLQRGHWHQWRUHGLGLULWWLEHQVXQ
FKLDUR FKH LQ TXHVWH FRQGL]LRQL GLYHQWD SRVVLELOH DQFKH VH QRQ VHPSUH IDFLOH QRQ ¨ PDL DJHYROH YLROHQWDUH D
DYHYDQR VDSXWR TXDOFRVD GDOOH UDGLR VWUDQLHUH H SDUHFFKL HUDQR YHQXWL D FRQWDWWR FRQ SULJLRQLHUL FKH
ULVFULYHUH UHWURVSHWWLYDPHQWH OD 6WRULD GLVWRUFHUH OH QRWL]LH VRSSULPHUQH GL YHUH DJJLXQJHUQH GL IDOVH
COPIA NON VENDIBILE
FRQWUR LO IDVFLVPR KD HURLFDPHQWH FRPEDWWXWR ,Q XQR 6WDWR DXWRULWDULR YLHQH FRQVLGHUDWR OHFLWR DOWHUDUH OD YHULW
TESTO PER STUDIO UNITO
FRQWLQXDPHQWHGLUDGDWDGDOODPRUWHHULQQRYDWDGDJOLLQFHVVDQWLDUULYLGLQXRYLFRQYRJOLFRPSUHQVLELOHFKHLQXQ WHVVXWRXPDQRFRVGHWHULRUDWRHFRVLQVWDELOHQRQDWWHFFKLVVHIDFLOPHQWHLOJHUPHGHOODULYROWD
SRSRODUHHGDOFLQHPDWRJUDIRLQFXLOߞHURHLQJLXVWDPHQWHRPDJDULJLXVWDPHQWH LQFDUFHUDWRWHQWDVHPSUHOߞHYDVLRQH
FDOGRGRSRLOEDJQR/HFDPHUHDJDVLQIDWWLHUDQRFDPXIIDWHFRPHVDOHGLGRFFHFRQWXED]LRQLUXELQHWWLVSRJOLDWRL DWWDFFDSDQQLSDQFKLQHHFFHWHUD4XDQGRLQYHFHLSULJLRQLHULGDYDQRDQFKHLOSLºSLFFRORVHJQRGLVDSHUHRVRVSHWWDUHLO LQHHFF LQHHFFH
ORURGHVWLQRLPPLQHQWHOH66HLORURFROODERUDWRULDJLYDQRGLVRUSUHVDLQWHUYHQHQGRFRQHVWUHPDEUXWDOLW FRQXUOD PLQHQWHOH6 PLQHQWHOH66
OFLVSDULHDL] PLQDFFHFDOFLVSDULHDL]]DQGRFRQWURTXHOODJHQWHSHUSOHVVDHGLVSHUDWDPDFHUDWDGDFLQTXHRGLHFLJLRUQLGLYLDJJLR
LQYDJRQLVLJLOODWLLORURFDQLDGGHVWUDWLDVEUDQDUHXRPLQL QLVLJLOODWLLORU
GHPRUDOL]]DWLGDOODIDPHHGDLPDOWUDWWDPHQWLDYHYDQRLFDSHOOLUDVLDELWLDVWULVFHVXELWRULFRQRVFLELOLVFDUSHGLOHJQR
FKHLPSHGLYDQRXQSDVVRUDSLGRHVLOHQ]LRVRQRQDYHYDQRGHQDURHLQJHQHUDOHQRQSDUODYDQRLOSRODFFRFKHHUDOD
OLQJXDORFDOHQ©DYHYDQRFRQWDWWLQHOOD]RQDFKHGHOUHVWRQHSSXUHFRQRVFHYDQRJHRJUDILFDPHQWH,QROWUHDUHSULPHUH
OHIXJKHVLDGRWWDYDQRUDSSUHVDJOLHIHURFLFKLYHQLYDULSUHVRHUDLPSLFFDWRSXEEOLFDPHQWHVXOODSLD]]DGHOOߞ$SSHOOR
WDOYROWDYHQLYDQRDUUHVWDWLHGHSRUWDWLQHO/DJHULJHQLWRULGHOlFROSHYROH{
VRORDGXQD©OLWH
COPIA NON VENDIBILE
SLº DIIDPDWL SLº GHEROL H SLº VWDQFKL GHJOL DOWUL SHUFK© OH ORUR FRQGL]LRQL GL YLWD HUDQR SLº GXUH H SHUFK© VSHVVR
SURYHQLYDQRGDWXWWLLSDHVLGߞ(XURSDSDUODYDQROLQJXHGLYHUVHHSHUFL²QRQVLFDSLYDQRIUDORURVRSUDWWXWWRHUDQR
SDUWLFRODUPHQWH GLIILFLOH 4XL L SULJLRQLHUL LQ JHQHUDOH HUDQR SULYL GL TXDOVLDVL HVSHULHQ]D RUJDQL]]DWLYD R PLOLWDUH
1HL FDPSL FRQ SUHYDOHQ]D GL HEUHL FRPH TXHOOL GHOOD ]RQD GL $XVFKZLW] XQD GLIHVD DWWLYD R SDVVLYD HUD
OߞDYYLFLQDUVLGHOIURQWHLQD]LVWLGHFLGHVVHURFRPHLQIDWWLVSHVVRGHFLVHUR GLOLTXLGDUHWRWDOPHQWHL/DJHU
DYHVVH SHU TXDOVLDVL PRWLYR LPSRUWDQ]D SDUWLFRODUH D SUHSDUDUVL DQFKH PLOLWDUPHQWH D UHVLVWHUH QHO FDVR FKH FRQ
PHGLFL66DlSLORWDUH{OHVHOH]LRQLPDQGDQGRDPRUWHOHVSLHRLWUDGLWRULHVDOYDQGRSULJLRQLHULODFXLVRSUDYYLYHQ]D
QRWL]LH VXOOH RUUHQGH FRQGL]LRQL GHL FDPSL D PLJOLRUDUH LO WUDWWDPHQWR GHL PDODWL VRVWLWXHQGR PHGLFL SULJLRQLHUL DL
SHU OH LQGXVWULH GL JXHUUD WHGHVFKH DG RUJDQL]]DUH HYDVLRQL D FRPXQLFDUH YLD UDGLR FRQ JOL $OOHDWL IRUQHQGR ORUR
GHLWHPSLVLULXVFDGHVHPSLRDULFDWWDUHRFRUURPSHUHOH66UDIIUHQDQGRQHLSRWHULLQGLVFULPLQDWLDVDERWDUHLOODYRUR
SUH]LRVDHVLJLXQVHVSHVVRSLºFKHDULYROWHDSHUWHDGDWWLYLW GLGLIHVDDEEDVWDQ]DHIILFLHQWL$VHFRQGDGHL/DJHUH
1HL FDPSL SHU SULJLRQLHUL SROLWLFL R GRYH L SROLWLFL SUHYDOHYDQR OߞHVSHULHQ]D FRVSLUDWLYD GL TXHVWL VW VL GLPRVWU² VWL
IXRULGHL/DJHUOHORWWHUDUDPHQWHYHQJRQRFRQGRWWHGDLVRWWRSUROHWDUL*OLlVWUDFFL{QRQVLULEHOODQR {QRQVL QV
FRPXQL4XHVWRQRQGHYHVWXSLUHVRORDSULPDYLVWDSX²DSSDULUHSDUDGRVVDOHFKHVLULEHOOLFKLVRIIUHPHQR$QFKH FKHVLULEHOOL VRIIUHPHQR$
TESTO PER STUDIO UNITO
1RQ KR SURYDWR JUDQGH LPSUHVVLRQH QHO YLVLWDUH LO &DPSR &HQWUDOH LO JRYHUQR SRODFFR OߞKD WUDVIRUPDWR LQ XQD
/ߞLQWHUD]RQDVLWURYDDWWXDOPHQWHLQWHUULWRULRSRODFFR
TXHVWLHVVHQGRJLXQWRDFRQWHQHUHFLUFDGRGLFLPLODSULJLRQLHUL(UDVLWXDWRDFLUFDVHWWHFKLORPHWULDGHVWGL$XVFKZLW]
ODYRURORQWDQLDQFKHFHQWLQDLDGLFKLORPHWULGDOODlFDSLWDOH{LOPLRFDPSRFKLDPDWR0²QRZLW]HUDLOSLºJUDQGHGL
HUDQR LQ IXQ]LRQH OH FDPHUH D JDV HG L IRUQL FUHPDWRUL HG LQILQH XQ QXPHUR FRQWLQXDPHQWH YDULDELOH GL FDPSL GL
PRPHQWL GL %LUNHQDX FKH JLXQVH D FRQWHQHUH VHVVDQWDPLOD SULJLRQLHUL GL FXL FLUFD TXDUDQWDPLOD GRQQH HG LQ FXL
DPPLQLVWUDWLYDGHOFRPSOHVVRFߞHUDSRLLO/DJHURSLºSUHFLVDPHQWHLOJUXSSRGL/DJHUGDWUHDFLQTXHDVHFRQGDGHL
QRPH 2ěZLÙFLP LQ SRODFFR DYHYD XQD FDSDFLW GL FLUFD YHQWLPLOD SULJLRQLHUL HG HUD SHU FRV GLUH OD FDSLWDOH
GD XQD TXDUDQWLQD LO FDPSR GL $XVFKZLW] SURSULDPHQWH GHWWR HUD FRVWUXLWR DOOD SHULIHULD GHOOD FLWWDGLQD GHOOR VWHVVR
&RPHKRDFFHQQDWRQHLPLHLOLEULOߞLPSHURFRQFHQWUD]LRQDULRGL$XVFKZLW]QRQHUDFRVWLWXLWRGDXQVROR/DJHUEHQV
6RQRULWRUQDWRDG$XVFKZLW]QHOLQRFFDVLRQHGLXQDFHULPRQLDFRPPHPRUDWLYDGHOODOLEHUD]LRQHGHLFDPSL
ULWRUQDWRDG$XVFKZLW]GRSRODOLEHUD]LRQH"
VLJQLILFD SUHWHQGHUH GD ORUR XQD FRVFLHQ]D SROLWLFD FKH RJJL ¨ SDWULPRQLR SUHVVRFK© FRPXQH PD DOORUD DSSDUWHQHYD
SULJLRQLHUL LQ TXDOFKH PRGR SULYLOHJLDWL H SHUFL² LQ FRQGL]LRQL ILVLFKH H VSLULWXDOL GHL L PLJOLRUL GL GL TXHOOH T HL SULJLRQLHUL SULJLRQLHU
N
FRQFOXVLRQHULPSURYHUDUHDLSULJLRQLHULODPDQFDWDULEHOOLRQHUDSSUHVHQWDROWUHDWXWWRXQHUURUHGLSURVSHWWLYDVWRULFD
UDSSUHVHQWDQR SLXWWRVWR HVHPSL GL VWUDRUGLQDULD IRU]D PRUDOH ,Q WXWWL L FDVL HVVH IXURQR GLVHJQ GLVHJQDWH H JXLGDWH GD GLVHJQD
HODVLFXUH]]DGLHVVHUHSURWHWWLGDOODSRSROD]LRQH1HJOLDOWULFDPSLOHFRVHVLVYROVHURDQDORJDPHQWH
DJJUHGLWR LPSURYYLVDPHQWH Oߞ8QLRQH 6RYLHWLFD URPSHQGR OߞDFFRUGR 5LEEHQWURS0RORWRY GHO VHWWHPEUH ,Q
SRSRODUHGLUHVLVWHUHGLRUJDQL]]DUVLSHUUHVLVWHUH¨ULVRUWDPROWRSLºWDUGLJUD]LHVRSUDWWXWWRDOFRQWULEXWRGHLSDUWLWL S SR
QHOODWHUPLQRORJLDGLDOORUD FKHDELWDYDQRSRFRORQWDQRGDO/DJHUHFKHTXLQGLDYHYDQRXQDPHWDYHUVRFXLGLULJHUVL GLULJHU GLULJHUVL
GLSHQGHQWL GD $XVFKZLW] 1RQ HEEHUR PROWR SHVR QXPHULFR FRPH OߞDQDORJD LQVXUUH]LRQH QH GHO JKHWWR JKHWWR GL 9DUVDYLD DUVDYLD
PLJOLDLDIXURQRDSSXQWRLTXDGULGHLSDUWLWLSROLWLFLDQWLQD]LVWL(VVHQGRYHQXWRDPDQFDUHLOORURDSSRUWRODYRORQW PLJOL PLJOLD
VLWXD]LRQH GDL FDPSL GL $XVFKZLW] HYDVHUR FRQ VXFFHVVR VROR DOFXQL SULJLRQLHUL SRODFFKL lDULDQL{ FLR¨ QRQ Q HEUHL
FRPXQLVWL HXURSHL FKH VL JHWWDURQR QHOOD ORWWD FRQWUR LO QD]LVPR GRSR FKH OD *HUPDQLD QHO JLXJQR DYHYD
DGGLULWWXUD DGGLULWWXU GLVWUXWWL QRQ ELVRJQD GLPHQWLFDUH FKH OH SULPH YLWWLPH GHL /DJHU WHGHVFKL LQ QXPHUR GL FHQWLQDLD GL DGGLULWWXUD
UHJLVWUDWL QHOOH VWDWLVWLFKH FRPH KR DFFHQQDWR LO QXPHUR HIIHWWLYR HUD LQYHFH PROWR SLFFROR (VVHQGR TXHVWD OD
/DJHUGHOOHLQVXUUH]LRQLVLVRQRHIIHWWLYDPHQWHYHULILFDWHD7UHEOLQNDD6RELERUHGDQFKHD%LUNHQDXXQRGHLFDPSL LUNHQDXXQRG PS
XQDFHUFKLDULVWUHWWDGLXRPLQLSROLWLFDPHQWHDWWLYLPDLOIDVFLVPRHLOQD]LVPROLDYHYDQRLVRODWLHVSXOVLWHUURUL]]DWLR XQDFHUFKLDU XQDFHUFKLDUL
VROR DOOR VFRSR GL FRQVHJXLUH LO SUHPLR 4XHVWR IDWWR DXPHQWD DUWLILFLRVDPHQWH LO QXPHUR XIILFLDOH GHL FDVL GL IXJD
3HUTXDQWRULJXDUGDODPDQFDWDULEHOOLRQHLOGLVFRUVR¨XQSRߞGLYHUVR3ULPDGLWXWWRRFFRUUHULFRUGDUHFKHLQDOFXQL RUGDUHFKHLQ RUGDUHFKHLQD
9RUUHLLQILQHDJJLXQJHUHXQDFRQVLGHUD]LRQH/DFRVFLHQ]DUDGLFDWDFKHDOOߞRSSUHVVLRQHQRQVLGHYHDFFRQVHQWLUH HLLQILQHDJJ HLLQILQHDJJLX
EHQVUHVLVWHUHQRQHUDPROWRGLIIXVDQHOOߞ(XURSDIDVFLVWDHGHUDSDUWLFRODUPHQWHGHEROHLQ,WDOLD(UDSDWULPRQLRGL VUHVLVWHUHQR UHVLVWHUHQR
SUHPLRSHUFL²DFFDGHYDVRYHQWHFKHXQD66VSDUDVVHDGXQSULJLRQLHURFKHQRQDYHYDDOFXQDLQWHQ]LRQHGLIXJJLUH
LPSHGLWLGDOODSUHVHQ]DGLGRQQHHEDPELQLHQHSSXUHORURVLULEHOODURQR LPS LPSHGL OODSUHVHQ]DGL SUHVHQ]DGL
JUXSSR GL WUHFHQWR SUL SULJLRQLHUL GL JXHUUD UXVVL JLRYDQL DOOHQDWL PLOLWDUPHQWH SROLWLFDPHQWH SUHSDUDWL H QRQ VX XQ JUXS
H IDWWL PRULUH GL IDPH QHOOH FHOOH GHOOD SULJLRQH OߞLQWHUD EDUDFFD YHQLYD IDWWD VWDUH LQ SLHGL SHU YHQWLTXDWWUR RUH H
$L PLOLWL GHOOH 66 FKH XFFLGHYDQR XQ SULJLRQLHUR QHO FRUVR GL XQ WHQWDWLYR GL IXJD YHQLYD FRQFHVVD XQD OLFHQ]D
6WDQGRFRVOHFRVHDSSDUHDVVXUGDHGRIIHQVLYDOߞDIIHUPD]LRQHFKHWDOYROWD¨VWDWDIRUPXODWDFKHJOLHEUHLQRQVL 6WDQGRFRVOH 6WDQGRFRVOHF DS
VLDQRULEHOODWLSHUFRGDUGLD1HVVXQRVLULEHOODYD%DVWLULFRUGDUHFKHOHFDPHUHDJDVGL$XVFKZLW]IXURQRFROODXGDWH VLDQRULEHOODWL VLDQRULEHOODWL RGDUGLD RGDUGLD1
VSHVVRGRSRWRUWXUHFUXGHOLTXDQGRYHQLYDVFRSHUWDXQDIXJDJOLDPLFLGHOOߞHYDVRYHQLYDQRFRQVLGHUDWLVXRLFRPSOLFL
IO D U E T S BIL I R D E P EN V N O
EUXWDOLW LQYLWDWL D VSRJOLDUVL lSHU OD GRFFLD{ WDOYROWD YHQLYD ORUR GDWR DVFLXJDPDQR H VDSRQH H SURPHVVR XQ FDII¨
GHL FDVL L QXRYL DUULYL QRQ VDSHYDQR D FRVD DQGDYDQR LQFRQWUR YHQLYDQR DFFROWL FRQ IUHGGD HIILFLHQ]D PD VHQ]D
SRFRDTXHOORYHURGHLFDPSLGLFRQFHQWUDPHQWR
TXDOFKH GHFLQD /ߞHYDVLRQH HUD GLIILFLOH HG HVWUHPDPHQWH SHULFRORVD L SULJLRQLHUL HUDQR LQGHEROLWL ROWUH FKH
SHUIH]LRQDWRSHUTXHVWDLPSUHVDGLPRUWHFROOHWWLYDXQDVWUDWHJLDGLDEROLFDPHQWHDVWXWDHYHUVDWLOH1HOODPDJJLRUSDUWH
PDODWWLDLQVRPPDFKHGHYHHVVHUHJXDULWDFRQODIXJDRODULEHOOLRQH3HU²SXUWURSSRTXHVWRTXDGURDVVRPLJOLDDVVDL
,SULJLRQLHULFKHWHQWDURQRODIXJDSHUHVHPSLRGD$XVFKZLW]IXURQRSRFKHFHQWLQDLDHTXHOOLDFXLODIXJDULXVF
SHU JLRUQL GL HQWUDUH QHOOH FDPHUH D JDV 2OWUH D TXDQWR KR GHWWR GHYR DJJLXQJHUH TXL FKH L WHGHVFKL DYHYDQR
)RUVH ¨ EHQH FKH OD FRQGL]LRQH GHO SULJLRQLHUR OD QRQOLEHUW YHQJD VHQWLWD FRPH LQGHELWD DQRUPDOH FRPH XQD
&LVLSX²GRPDQGDUHSHUFK©QRQVLULEHOODVVHURLSULJLRQLHULDSSHQDVFHVLGDLWUHQLFKHDWWHQGHYDQRSHURUHWDOYROWD
OD GXUDWD GHO ORUR VRJJLRUQR LQ /DJHU HUD WUDJLFDPHQWH EUHYH HUDQR LQVRPPD XQD SRSROD]LRQH IOXWWXDQWH
PRUDOH ¨ FRQWLQXDPHQWH ULEDGLWR GDOOD OHWWHUDWXUD URPDQWLFD ULFRUGDWH LO FRQWH GL 0RQWHFULVWR" GDOOD OHWWHUDWXUD
DQFKHQHOOHFLUFRVWDQ]HPHQRYHURVLPLOLHTXHVWD¨LQYDULDELOPHQWHFRURQDWDGDOVXFFHVVR
DYHYDQRJL DOOHVSDOOHXQDOXQJDFDUULHUDGLIDPHSHUVHFX]LRQHHXPLOLD]LRQHQHLJKHWWL&RPHXOWHULRUHFRQVHJXHQ]D
VHFRQGROD&RQYHQ]LRQHGHOOߞ$LDLOWHQWDWLYRGLIXJDQRQGHYHHVVHUHSXQLWR,OFRQFHWWRGHOOߞHYDVLRQHFRPHREEOLJR
COPIA NON VENDIBILE
SULJLRQLHURGLJXHUUD¨WHQXWRDFHUFDUHGLOLEHUDUVLLQTXDOVLDVLPRGRSHUULSUHQGHUHLOVXRSRVWRGLFRPEDWWHQWHHFKH
TESTO PER STUDIO UNITO
XQߞRSLQLRQH $FFDQWR DG HYLGHQWL VRPLJOLDQ]H IUD L /DJHU VRYLHWLFL H L /DJHU QD]LVWL PL SDUH GL SRWHU RVVHUYDUH VRVWDQ]LDOLGLIIHUHQ]H
PDQRPHVVR7XWWRLOFDPSRPL¨VHPEUDWRXQPXVHR4XDQWRDOPLR/DJHUQRQHVLVWHSLºODIDEEULFDGLJRPPDDFXL
PRGHUQR H PRVWUXRVR TXHOOR GL FDQFHOODUH GDO PRQGR LQWHUL SRSROL H FXOWXUH $ SDUWLUH SUHVVߞD SRFR GDO HVVL GLYHQWDQR JLJDQWHVFKH PDFFKLQH GL PRUWH FDPHUH D JDV H FUHPDWRUL HUDQR VWDWL GHOLEHUDWDPHQWH SURJHWWDWL SHU GLVWUXJJHUHYLWHHFRUSLXPDQLVXOODVFDODGHLPLOLRQLOߞRUUHQGRSULPDWRVSHWWDDG$XVFKZLW]FRQPRUWLLQXQ VRORJLRUQRQHOOߞDJRVWR,FDPSLVRYLHWLFLQRQHUDQRHQRQVRQRFHUWROXRJKLLQFXLLOVRJJLRUQRVLDJUDGHYROHPD LQHVVLQHSSXUHQHJOLDQQLSLºRVFXULGHOORVWDOLQLVPRODPRUWHGHLSULJLRQLHULQRQYHQLYDHVSUHVVDPHQWHULFHUFDWDHUD OLDQQL OLDQQLS
XQ LQFLGHQWH DVVDL VVDL VDL IUHTXHQWH IUHTXHQWH IUHTXHQ H WROOHUDWR FRQ EUXWDOH LQGLIIHUHQ]D PD VRVWDQ]LDOPHQWH QRQ YROXWR LQVRPPD XQ
WR R GRYXWR DOOD IDPH DO IUHGGR DOOH LQIH]LRQL DOOD IDWLFD ,Q TXHVWR OXJXEUH FRQIURQWR IUD GXH PRGHOOL GL VRWWRSURGRWWR
SULJLRQLHUR4XLQLHQWH¨FDPELDWRFߞHUDIDQJRHFߞ¨DQFRUDIDQJRRSROYHUHVRIIRFDQWHGߞHVWDWHOHEDUDFFKHTXHOOH
FKHQRQVRQREUXFLDWHGXUDQWHLOSDVVDJJLRGHOIURQWH VRQRULPDVWHFRPߞHUDQREDVVHVSRUFKHGLWDYROHVFRQQHVVHFRO
SDYLPHQWR GL WHUUD EDWWXWD QRQ FL VRQR FXFFHWWH PD WDYRODFFL GL OHJQR QXGR ILQR DO VRIILWWR 4XL QLHQWH ¨ VWDWR
DEEHOOLWR (UD FRQ PH XQD PLD DPLFD *LXOLDQD 7HGHVFKL VXSHUVWLWH GL %LUNHQDX 0L KD IDWWR YHGHUH FKH VX RJQL
WDYRODFFLRGLPSHUGRUPLYDQRILQRDQRYHGRQQH0LKDIDWWRQRWDUHFKHGDOODILQHVWUHOODVLYHGRQROHURYLQHGHO
FUHPDWRULRDTXHOWHPSRVLYHGHYDODILDPPDLQFLPDDOODFLPLQLHUD/HLDYHYDFKLHVWRDOOHDQ]LDQHl&KHFRVD¨TXHO
IXRFR"{HOHDYHYDQRULVSRVWRl6LDPRQRLFKHEUXFLDPR{
XQLFDIUDWXWWHOHDWURFLW GHOODVWRULDXPDQD&RPHFRQVHJXHQ]DJHQHUDOHOHTXRWHGLPRUWDOLW VRQRDVVDLGLYHUVHSHUL
LQFLGHQWHXQLPSUHYLVWRGHOOD6WRULD
SDUH FKH TXHVWL ULFRYHUDWL SROLWLFL QHO QRQ VXSHUDVVHUR LO FHQWLQDLR PD ¨ RGLRVD SHUFK© FRPSRUWD XQ XVR
VH LO WHPSR PH OR FRQFHGHVVH H VH QRQ VDSHVVL FKH UDJJLXQJR OR VWHVVR VFRSR VFULYHQGR OLEUL HG G DDFFHWWDQGR GL
FRPPHQWDUOLDJOLVWXGHQWL
COPIA NON VENDIBILE
3HUTXHVWRVWHVVRPRWLYRQRQSDUORJHQHUDOPHQWHGHL/DJHUUXVVLSHUPLDIRUWXQDQRQFLVRQRVWDWRHQRQSRWUHLFKH
DSSUHVLVROWDQWRGRSRTXDQGRWXWWRLOPRQGROLKDDSSUHVL
GHVFULWWRLGHWWDJOLGHOOHFDPHUHDJDVHGHLFUHPDWRULLQIDWWLQRQFRQRVFHYRTXHVWLGDWLTXDQGRHURLQ/DJHUHOLKR
WDUGL GD OLEUL R JLRUQDOL $G HVHPSLR QRWHUHWH FKH QRQ KR FLWDWR OH FLIUH GHO PDVVDFUR GL $XVFKZLW] H QHSSXUH KR
VRQR ULJRURVDPHQWH OLPLWDWR D ULSRUWDUH L IDWWL GL FXL DYHYR HVSHULHQ]D GLUHWWD HVFOXGHQGR TXHOOL FKH KR DSSUHVR SLº
SRUWDUHXQDWHVWLPRQLDQ]DTXHOODGHOOHFRVHFKHKRVXEWHHYLVWH,PLHLOLEULQRQVRQROLEULGLVWRULDQHOORVFULYHUOLPL
&RPH KR VFULWWR QHO ULVSRQGHUH DOOD SULPD GRPDQGD DOOD SDUWH GHO JLXGLFH SUHIHULVFR TXHOOD GHO WHVWLPRQH KR GD
3HUFK©/HLSDUODVROWDQWRGHL/DJHUWHGHVFKLHQRQDQFKHGLTXHOOLUXVVL"
SXQLWRPDVLFHUFDGLGHPROLUORFRQLIDUPDFLRFRQODSDXUDGHLIDUPDFL )RUVHTXHVWDWHFQLFDQRQ¨PROWRGLIIXVD
HVSHULHQ]DHFKHRJQLDQQRULWRUQDQRQHOlORUR{FDPSRJXLGDQGRSHOOHJULQDJJLGLJLRYDQLLRVWHVVRORIDUHLYROHQWLHUL JLRYDQL YDQ RORIDUHLY
TESTO PER STUDIO UNITO
EUXWWDPDFFKLDVRQRSLXWWRVWRGDFRQVLGHUDUVLXQDEDUEDULFDHUHGLW GHOOߞDVVROXWLVPR]DULVWDGLFXLLJRYHUQLVRYLHWLFL
GLVXPDQLW (VVL QRQ KDQQR QXOOD D FKH YHGHUH FRO VRFLDOLVPR HG DQ]L VXO VRFLDOLVPR VRYLHWLFR VSLFFDQR FRPH XQD
,Q FRQFOXVLRQH L FDPSL VRYLHWLFL ULPDQJRQR SXU VHPSUH XQD PDQLIHVWD]LRQH GHSORUHYROH GL LOOHJDOLW H GL
SROLWLFLLQWXWWLLSDHVLHLQGLSHQGHQWHPHQWHGDOOHORURRSLQLRQL HVVLVDUHEEHURRJJL FLUFDGLHFLPLOD
VHFRQGR L GDWL GL l$PQHVW\ ,QWHUQDWLRQDO{ XQߞDVVRFLD]LRQH DSROLWLFD FKH VL SUHILJJH GL VRFFRUUHUH WXWWL L SULJLRQLHUL
IHQRPHQR /DJHU DSSDUH DWWXDOPHQWH LQ GHFOLQR 6HPEUD FKH LQWRUQR DO L SULJLRQLHUL SROLWLFL IRVVHUR PLOLRQL
3HU FRQWUR H SHU TXDQWR ULJXDUGD DSSXQWR OߞDVSHWWR TXDQWLWDWLYR UHVWD GD QRWDUH FKH LQ 8QLRQH 6RYLHWLFD LO
FLYLOL
DVVHFRQGDUH L YROHUL GHOOߞDXWRULW (VVD PHWWH LQ OXFH XQ HVWUHPR GLVSUH]]R SHU LO FRQIURQWR GHPRFUDWLFR H OH OLEHUW
DELHWWR GHOOD VFLHQ]D HG XQD SURVWLWX]LRQH LPSHUGRQDELOH GD SDUWH GHL PHGLFL FKH VL SUHVWDQR FRV VHUYLOPHQWH DG
VRIIHUHQ]HPDGLVWRUFRQRHGLQGHEROLVFRQROHIXQ]LRQLPHQWDOL&L²GLPRVWUDFKHLOGLVVHQVRYLHQHWHPXWRQRQ¨SLº
GLIILFLOH IHUPDUVL &RQRVFR PROWL H[ SULJLRQLHUL FKH KDQQR FDSLWR EHQH TXDOH WHUULELOH OH]LRQH ¨ FRQWHQXWD QHOOD ORUR HUULELOH OH]LRQ RQWHQXWD QHOOD
N
0L SDUH PROWR JUDYH OD UHFHQWH LQQRYD]LRQH VRYLHWLFD VHFRQGR FXL DOFXQL LQWHOOHWWXDOL GLVVHQ]LHQWL YHQJRQR
VEULJDWLYDPHQWHGLFKLDUDWLSD]]LULQFKLXVLLQLVWLWXWLSVLFKLDWULFLHVRWWRSRVWLDlFXUH{FKHQRQVRORSURYRFDQRFUXGHOL
GHOOߞ8RPR H OߞXJXDJOLDQ]D IUD JOL XRPLQL VL YD YHUVR LO VLVWHPD FRQFHQWUD]LRQDULR LR HG ¨ TXHVWD TXHVWD XQD VWUDGD TXHV UDGD VX FXL ¨
FHQWR
WRWDOHQRQVLIHUPDYDQHSSXUHGDYDQWLDLEDPELQLFKHIXURQRXFFLVLQHOOHFDPHUHDJDVDFHQWLQDLDGLPLJOLDLDFRVD WR
GLPHQWLFKL SHUFK© KDQQR FDSLWR FKH OD ORUR HVSHULHQ]D QRQ ¨ VWDWD SULYD GL VHQVR H FKH L /DJHU QRQ Q VRQR VRQR VWDWL WL X XQ
JOLLQJUHVVLHTXHVWR¨FHUWDPHQWHXQGDWRLQWROOHUDELOPHQWHDOWRPDQHL/DJHUWHGHVFKLODPRUWDOLW HUDGHOSHU
SHUGXWD3HUFRQWURDOPHQRSHUTXDQWRULJXDUGDYDJOLHEUHLHJOL]LQJDULQHL/DJHUWHGHVFKLODVWUDJHHUDSUHVVRFK© SHUGX SHUGXW
3HU TXHVWL UHGXFL ULFRUGDUH ¨ XQ GRYHUH HVVL QRQ YRJOLRQR GLPHQWLFDUH H VRSUDWWXWWR QRQ YRJOLRQR FKH LO O PRQGR PRQG
VHFRQGD JXHUUD PRQGLDOH ,Q WXWWH OH SDUWL GHO PRQGR O GRYH VL FRPLQFLD FRO QHJDUH OH OLE OLEHUW IRQGDPHQWDOL OLEHU RQGDPHQWDOL
ULFHYHUHGDFDVDOHWWHUHHSDFFKLFRQYLYHULODSHUVRQDOLW XPDQDLQVRPPDQRQYLHQHGHQHJDWDHQRQYDWRWDOPHQWH ULFHYHUHG
RFRPXQTXHLQSRVVHVVRGLXQDSUHSDUD]LRQHSROLWLFDRGLXQDFRQYLQ]LRQHUHOLJLRVDRGLXQDIRUWHFRVFLHQ]DPRUDOH PRUDOH
GXHVLVWHPL,Q8QLRQH6RYLHWLFDSDUHFKHQHLSHULRGLSLºGXULODPRUWDOLW VLDJJLUDVVHVXOSHUFHQWRULIHULWRDWXWWL
XQD SURWHVWD LQGLYLGXDOH R FROOHWWLYD OH SXQL]LRQL FRUSRUDOL VRQR UDUH H QRQ WURSSR FUXGHOL ¨ SRVVLELOH SHQVDELOH XQ XQD
KDQQRFHUFDWRRDQFRUDFHUFDQR GLHOLPLQDUOR/DVHFRQGDFDWHJRULD¨LQYHFHFRVWLWXLWDGDJOLH[SULJLRQLHULlSROLWLFL{ FL{
IDVFLVPR FߞHUD SULPD GL +LWOHU H GL 0XVVROLQL HG ¨ VRSUDYYLVVXWR LQ IRUPH SDOHVL R PDVFKHUDWH FKHUDWH DOOD VFRQILWWD VVF WD GHOOD
lVRWWRXRPLQL{ VRWWR LO QD]LVPR , PDODWL PDJDUL PDOH YHQJRQR FXUDWL GDYDQWL D XQ ODYRUR WURSSR GXUR ¨ WWRXRPLQL{ XRPLQL{ FRPH FR
LQIRUWXQLRRXQDPDODWWLDLOULFRUGR¨SHUORURXQTXDOFRVDGLHVWUDQHRXQFRUSRGRORURVRLQWUXVRQHOODORURYLWDHG
,/DJHUQD]LVWLVRQRVWDWLOߞDSLFHLOFRURQDPHQWRGHOIDVFLVPRLQ(XURSDODVXDPDQLIHVWD]LRQHSLºPRVWUXRVDPDLO QHSLºPRVWUXR PD
'DTXHVWDIRQGDPHQWDOHGLIIHUHQ]DVFDWXULVFRQROHDOWUH,UDSSRUWLIUDJXDUGLDQLHSULJLRQLHULLQ8QLRQH6RYLHWLFD 'D WDIRQGDPHQWDO IRQGDPHQWD
PDXQDVLDSXUOLHYHVSHUDQ]DGLOLEHUW VXVVLVWHYD PDXQDVLD DXQD OLHYHVSHUDQ]D LHYHVSHUDQ]D
LQFXELTXHOOLFKHLQYHFHKDQQRGLPHQWLFDWRKDQQRULPRVVRWXWWRHGKDQQRULFRPLQFLDWRDYLYHUHGD]HUR+RQRWDWR
VRQR VR PHQR VRQ HQR GLVXPDQL GLVXPDQL GLVXPDQ DSSDUWHQJRQR WXWWL DOOR VWHVVR SRSROR SDUODQR OD VWHVVD OLQJXD QRQ VRQR lVXSHUXRPLQL{ H
lFROSHYROL{YHQLYDQRWDOYROWDFRQGDQQDWLDSHQHOXQJKLVVLPHDQFKHTXLQGLFLRYHQWLDQQL FRQVSDYHQWRVDOHJJHUH]]D lFROSHYROL{Y lFROSHYROL{YH QRWDOYROWD RWDOYRO
DGGLULWWXUDGLSDUODUHGLTXHVWRDUJRPHQWRTXHOOLFKHYRUUHEEHURGLPHQWLFDUHPDQRQFLULHVFRQRHVRQRWRUPHQWDWLGD
SUHFLVRSHUORURODVRIIHUHQ]D¨VWDWDXQDHVSHULHQ]DWUDXPDWLFDPDSULYDGLVLJQLILFDWRHGLLQVHJQDPHQWRFRPHXQ
DOFXQ XQ Q WHUPLQH DOWUR DOWUR DOWU FKH H OD OOD PRUWH 3HU FRQWUR QHL FDPSL VRYLHWLFL XQ WHUPLQH ¨ VHPSUH HVLVWLWR DO WHPSR GL 6WDOLQ L
SRVVRQR GHOLQHDUH GXH FDWHJRULH WLSLFKH $SSDUWHQJRQR DOOD SULPD FDWHJRULD TXHOOL FKH ULILXWDQR GL ULWRUQDUYL R
FKH LQ JHQHUDOH WXWWL TXHVWL VRQR LQGLYLGXL FKH VRQR ILQLWL LQ /DJHU lSHU GLVJUD]LD{ FLR¨ VHQ]D XQ LPSHJQR SROLWLFR
LQIHUQR ELVRJQD DQFRU DQFRUD DJJLXQJHUH FKH QHL /DJHU WHGHVFKL LQ JHQHUDOH VL HQWUDYD SHU QRQ XVFLUQH QRQ HUD SUHYLVWR
'L IURQWH DO WULVWH SRWHUH HYRFDWLYR GL TXHL OXRJKL RJQXQR GL QRL UHGXFL VL FRPSRUWD LQ XQ PRGR GLYHUVR PD VL
IO D U E T S BIL I R D E P EN V N O
VDQJXLQRVDVWRULDGHOOߞXPDQLW DOOߞDQWLFRVFRSRGLHOLPLQDUHRWHUULILFDUHJOLDYYHUVDULSROLWLFLDIILDQFDYDQRXQRVFRSR
+RSURYDWRLQYHFHXQߞLPSUHVVLRQHGLDQJRVFLDYLROHQWDHQWUDQGRQHO/DJHUGL%LUNHQDXFKHQRQDYHYRPDLYLVWRGD
/D SULQFLSDOH GLIIHUHQ]D FRQVLVWH QHOOD ILQDOLW , /DJHU WHGHVFKL FRVWLWXLVFRQR TXDOFRVD GL XQLFR QHOOD SXU
WXWWDYLD FRQ TXHVWR QRQ YRJOLR Q© SRVVR VRWWUDUPL DO GRYHUH FKH KD RJQL XRPR GL IDUVL XQ JLXGL]LR H GL IRUPXODUH
SHWWLQL SHQQHOOL GD EDUED EDPEROH VFDUSH GD EDPELQL PD ¨ SXU VHPSUH XQ PXVHR TXDOFRVD GL VWDWLFR ULRUGLQDWR
HUDDQQHVVRRUDLQPDQLSRODFFKHVL¨WDOPHQWHLQJUDQGLWDFKHQHKDFRPSOHWDPHQWHRFFXSDWRLOWHUULWRULR
ULSHWHUHOHFRVHFKHKROHWWRFLR¨TXHOOHFKHVDQQRWXWWLFRORURFKHDTXHVWRDUJRPHQWRVLVRQRLQWHUHVVDWLFKLDURFKH
&ߞ¨ XQ PXVHR LQ FXL VRQR HVSRVWL FLPHOL PLVHUDQGL WRQQHOODWH GL FDSHOOL XPDQL FHQWLQDLD GL PLJOLDLD GL RFFKLDOL
COPIA NON VENDIBILE
VSHFLHGLPRQXPHQWRQD]LRQDOHOHEDUDFFKHVRQRVWDWHULSXOLWHHYHUQLFLDWHVRQRVWDWLSLDQWDWLDOEHULGLVHJQDWHDLXROH
TESTO PER STUDIO UNITO
¨ FHUWDPHQWH XQ DQLPDOH PD VRFLDOH OR DYHYD JL DIIHUPDWR $ULVWRWHOH PD JXDL VH WXWWH OH VSLQWH ]RRORJLFKH FKH
0HGLR2ULHQWHLQ6SDJQDLQ5HQDQLDQHOOD5XVVLDPHULGLRQDOHLQ3RORQLDLQ%RHPLDHGDOWURYHULPDVHURVHPSUH
RVWLQDWDPHQWHIHGHOLDTXHVWROHJDPHFKHVLHUDDQGDWRFRQVROLGDQGRVRWWRODIRUPDGLXQLPPHQVRFRUSRGLOHJJLH
WUDGL]LRQLVFULWWHGLXQDUHOLJLRQHPLQX]LRVDPHQWHFRGLILFDWDHGLXQULWXDOHSHFXOLDUHHYLVWRVRFKHSHUYDGHYDWXWWLJOL
DWWLGHOODJLRUQDWD*OLHEUHLLQPLQRUDQ]DLQWXWWLLORURVWDQ]LDPHQWLHUDQRGXQTXHGLYHUVLULFRQRVFLELOLFRPHGLYHUVL
HVSHVVRRUJRJOLRVLDUDJLRQHRDWRUWR GHOODORURGLYHUVLW WXWWRTXHVWROLUHQGHYDPROWRYXOQHUDELOLHGLQIDWWLIXURQR
GXUDPHQWHSHUVHJXLWDWLLQTXDVLWXWWLLSDHVLHGLQTXDVLWXWWLLVHFROLDOOHSHUVHFX]LRQLJOLHEUHLUHDJLURQRLQSLFFROD SDUWHDVVLPLODQGRVLRVVLDIRQGHQGRVLFRQODSRSROD]LRQHFLUFRVWDQWHLQPDJJLRUSDUWHHPLJUDQGRQXRYDPHQWHYHUVR
DYYHQLUH5LPSDWULDWRGRSRXQYLDJJLRQRQPROWRGLYHUVRGDTXHOORFKHLRKRUDFFRQWDWRLQ/DWUHJXDKDULSUHVRLOVXR WUHJXD UHJXDKDULSU KDULS OVXR VX
PHVWLHUHGLPDHVWURHOHPHQWDUHQHOODPLQXVFRODVFXRODGHOVXRYLOODJJLRLQFXLLQVHJQDYDDLEDPELQLDQFKHDGDOOHYDUH DLEDPELQLDQFK EDPELQLDQF GDOOHYDUH DOOHYDUH
OHDSLHDFROWLYDUHXQYLYDLRGLDEHWLHSLQL'DSRFKLDQQL¨LQSHQVLRQHKDVSRVDWRGLUHFHQWHXQDVXDFROOHJDQRQ RGLUHFHQWHXQD GLUHFHQWHXQ FROOHJDQR FROOHJDQRQ
JLRYDQHHGLQVLHPHVLVRQRFRVWUXLWLXQDFDVDQXRYDSLFFRODPDFRPRGDHJUD]LRVD6RQRDQGDWRDWURYDUORGXHYROWH VD6RQRDQGDWR D6RQRDQGDW RYDUORGXHY RYDUORGXHYROW
QHOHQHO,QTXHVWߞXOWLPDRFFDVLRQHPLKDGHWWRGL$UWKXUFKHDELWDLQXQYLOODJJLRQRQPROWRORQWDQR¨ DLQXQYLOODJ QRQPROWRORQW
YHFFKLRHDPPDODWRHQRQGHVLGHUDULFHYHUHYLVLWHFKHSRVVDQRULGHVWDUHLQOXLDQWLFKHDQJRVFH KHDQJ DQ
TESTO PER STUDIO UNITO
SHUOHUHWURYLHPDFL¨VDOLWROXLDOOߞXOWLPRPRPHQWRDSSURILWWDQGRGHOODFRQIXVLRQHPRUWRQHOGLXQWXPRUHDO
COPIA NON VENDIBILE
7XWWDYLDQRQVHPSUHOD&KLHVDVLPRVWU²FRVPRGHUDWDILQGDLSULPLVHFROLGHOFULVWLDQHVLPRIXPRVVDDJOLHEUHL XQߞDFFXVDEHQSLºJUDYHTXHOODGLHVVHUHFROOHWWLYDPHQWHHGHWHUQDPHQWHUHVSRQVDELOLGHOODFURFLILVVLRQHGL&ULVWRGL
YLOW KDRUGLQDWRDLVXRLFROODERUDWRULFLYLOLGLUHVLVWHUHDROWUDQ]DKDYLHWDWRORURGLVDOLUHVXOOߞXOWLPRWUHQRLQSDUWHQ]D
XFFLVL
KDQQRWUHILJOLRUPDLJUDQGLOߞLQWHUDIDPLJOLDKDLQWHQ]LRQHGLWUDVIHULUVLLQ,VUDHOH
GHOODYHULW GHOODIHGHFULVWLDQD'XQTXHSRLFK©ODORURSUHVHQ]D¨QHFHVVDULDHVVLGHYRQRHVVHUHSHUVHJXLWDWLPDQRQ
DIILQFK© GDSSHUWXWWR VLD YLVLELOH DL IHGHOL OD PHULWDWD LQIHOLFLW GHJOL HEUHL 3HUFL² OD GLVSHUVLRQH H VHSDUD]LRQH GHJOL
FRPߞHUDlWHQDFHFRUDJJLRVRHDFXWR{HGLQROWUHVWUDRUGLQDULDPHQWHFROWR+DVSRVDWRXQDUHGXFHGD$XVFKZLW]HG
SHULRGLFR 1HOOߞLPPLQHQ]D GHOOߞDUULYR GHOOߞ$UPDWD 5RVVD QHOOD IDEEULFD GL %XQD VL ¨ FRPSRUWDWR FRQ SUHSRWHQ]D H
&ULVWRLO0HVVLDHSHUFK©ODORURSUHVHQ]DLQWXWWLLSDHVL¨QHFHVVDULDDOOD&KLHVDFDWWROLFDFKHHVVDSXUH¨GDSSHUWXWWR
FRPXQL 1HO VRQR DQGDWR D WURYDUOR D 'RUWPXQG LQ *HUPDQLD )HGHUDOH GRYH DOORUD HUD UDEELQR ¨ ULPDVWR
HEUHLQRQGRYU PDLDYHUHILQHHVVLFRQOHORURSHQHGHYRQRWHVWLPRQLDUHLQHWHUQRGHOORURHUURUHHGLFRQVHJXHQ]D
GLVSHUVLRQHGD'LRVWHVVRHFL²SHUGXHPRWLYLSHUFK©LQWDOPRGRHVVLYHQJRQRSXQLWLSHUQRQDYHUULFRQRVFLXWRLQ
SUHVVROD&RPXQLW ,VUDHOLWLFDGL7RULQR&LVLDPRVFULWWLDOXQJRLQIRUPDQGRFLDYLFHQGDGHLGHVWLQLGHLQRVWULDPLFL
DYXWR VXH QRWL]LH GD TXHO 'RNWRU 0¼OOHU D FXL KR GHGLFDWR LO FDSLWROR 9DQDGLR GHO PLR XOWLPR OLEUR ,O VLVWHPD
SUHYDOHQWHPHQWH UHOLJLRVD DQ]L WHRORJLFD 6HFRQGR OߞDIIHUPD]LRQH GL VDQWߞ$JRVWLQR JOL HEUHL VRQR FRQGDQQDWL DOOD
QHO OD WUDGX]LRQH WHGHVFD GL TXHVWR OLEUR VL ULFRUGDYD GL PH H PL KD VFULWWR XQD OXQJD OHWWHUD LQGLUL]]DQGROD
1RQKRSLºULYLVWRLO'RNWRU3DQQZLW]LOFKLPLFRFKHPLDYHYDVRWWRSRVWRDGXQJHOLGRlHVDPHGL6WDWR{PDKR
6HEEHQHQHOODVXDHVVHQ]DSURIRQGDOߞDQWLVHPLWLVPRVLDXQIHQRPHQRLUUD]LRQDOHGLLQWROOHUDQ]DHVVRLQWXWWLLSDHVL FULVWLDQL HG D SDUWLUH GD TXDQGR LO FULVWLDQHVLPR VL DQG² FRQVROLGDQGR FRPH UHOLJLRQH GL 6WDWR DVVXQVH XQD YHVWH
FXLVLDFFHQQDLQSRFKHULJKHQHLFDSS,OODYRURH(VDPHGLFKLPLFD+DULFRQRVFLXWRVHVWHVVROHJJHQGRFDVXDOPHQWH
SDHVLSLºRVSLWDOL,QWDOPRGRVLULQQRYDYDSHU²ODORURlGLYHUVLW {FKHOLHVSRQHYDDQXRYHUHVWUL]LRQLHSHUVHFX]LRQL
/H FRORQLH HEUDLFKH FKH VL DQGDURQR IRUPDQGR VX WXWWH OH FRVWH GHO 0HGLWHUUDQHR GDSSULPD H VXFFHVVLYDPHQWH LQ /
FXL DYHYD DVVLVWLWR OR DYHYDQR VHJQDWR SURIRQGDPHQWH WRJOLHQGRJOL OD JLRLD GL YLYHUH H OD YRORQW FRVWUXLUVL XQ RQW GL FRVWUX FRVWUXLU
'UDPPDWLFRLPSUHYLVWRHSLHQRGLJLRLDSHUHQWUDPEL¨VWDWRLOULWURYDPHQWRGL0HQGLLOlUDEELQRPRGHUQLVWD{D
GLVSHUDWRYDORUHDOODFRQTXLVWDGDSDUWHGHLURPDQLHIXVFRQILWWRGHSRUWDWRHGLVSHUVRPDTXHOOHJDPHVRSUDYYLVVH GLVSH
VRORQHOQRYHPEUHHGHUDVWDWRLQ/DJHUVROWDQWRSHUXQPHVHPDTXHVWRPHVHGLVRIIHUHQ]DHGLIDWWLIHURFLD HGLIDWWLI GLIDWWL FL
UHOLJLRVD H WUDGL]LRQDOH GL FRQVHJXHQ]D D GLVSHWWR GHOOD VXD LQIHULRULW QXPHULFD H PLOLWDUH VL RSSRVH FRQ QDWXUD UH
SDVVLYDPHQWH
+RULYLVWRDQFKH&KDUOHV(UDVWDWRSUHVRSULJLRQLHURVXOOHFROOLQHGHL9RVJLSUHVVRODVXDFDVDGRYHHUDSDUWLJLDQR D WLJLDQR WLJLDQ
1HOOߞLQWULFR HVWUHPDPHQWH FRPSOHVVR GHL SRSROL H GHOOH QD]LRQL LQ XUWR IUD ORUR OD VWRULD GL TXHVWR SRSROR VL H
SUHVHQWDFRQFDUDWWHULVWLFKHSDUWLFRODUL(VVRHUDHGLQSDUWH¨WXWWRUD GHSRVLWDULRGLXQOHJDPHLQWHUQRPROWRIRUWHGL SUHVHQWDFRQ
TXHVWHGLIIHUHQ]H TX GLIIHUHQ]H
PHWWHUH LQ HYLGHQ]D L IDWWL DYYHQWXURVL GL FXL ¨ VWDWR SURWDJRQLVWD SLXWWRVWR FKH TXHOOL WUDJLFL D FXL KD DVVLVWLWR VWLWR WLWR
SULYDWH /D GHO SRSROR HEUHR KD IDWWR V FKH TXDVL RYXQTXH JOL HEUHL PDQLIHVWDVVHUR XQD R SLº GL SULY SULYDW D WRUPHQWDWD VWRULD V
IDWWD XQD IDPLJOLD 9LYH D 5RPD 5DFFRQWD YROHQWLHUL H FRQ JUDQGH YLYDFLW OH WUDYHUVLH FKH KD VXEWH LQ FDPSR H
GXUDQWH LO OXQJR YLDJJLR GL ULWRUQR PD QHOOH VXH QDUUD]LRQL FKH VSHVVR GLYHQWDQR TXDVL PRQRORJKL WHDWUDOL WHQGH D
VXO PRGR GL YLYHUH LO PRGR GL YHVWLUH R JHVWLFRODUH OH DELWXGLQL SXEEOLFKH H HVWHULRUL HULRU HH OD VXD XD SURIRQGD LQIOXHQ]D L
OߞDFFHQWRORVDQQREHQHLQRVWULPHULGLRQDOLFRVWUHWWLDGHPLJUDUHDO1RUG ODUHOLJLRQHFRQWXWWHOHVXHPDQLIHVWD]LRQL OߞDFFHQWROR OߞDFFHQWRORV REHQHLQRVWU EHQHLQRVWU
HYDFXD]LRQHQHOFRUVRGHOTXDOHKDYLVWRPRULUHGLHVWHQXD]LRQHWXWWLLVXRLDPLFLIUDTXHVWLHUD$OEHUWR
FRPSDUHFRPHl&HVDUH{LQ/DWUHJXD$QFKHOXLGRSRXQGLIILFLOHSHULRGRGLULLQVHULPHQWRKDWURYDWRXQODYRURHVL¨
PD FL KD UHVL VHQVLELOL D GLIIHUHQ]H SLº VRWWLOL TXDOL OD OLQJXD R LO GLDOHWWR R DGGLULWWXUD D OD QRVWUD FRPSOLFDWD FRP DWD FLYLOW FL
6WUDQDPHQWH KD GLPHQWLFDWR PROWR GHO VXR DQQR GL 0RQRZLW] LQ OXL SUHYDOJRQR L ULFRUGL DWURFL GHO YLDJJLR GL
9HGRDQFKHDEEDVWDQ]DVRYHQWHLOSHUVRQDJJLRFKHKRFKLDPDWR3LHUR6RQQLQRFDS.D%H HFKH¨ORVWHVVRFKH
/ߞDQWLVHPLWLVPR¨XQWLSLFRIHQRPHQRGߞLQWROOHUDQ]D3HUFK©XQDLQWROOHUDQ]DLQVRUJDRFFRUUHFKHIUDLGXHJUXSSLD HPLWLVPR¨XQW PLWLVPR¨XQ
FRQWDWWRHVLVWDXQDGLIIHUHQ]DSHUFHWWLELOHTXHVWDSX²HVVHUHXQDGLIIHUHQ]DILVLFDLQHULHLELDQFKLLEUXQLHLELRQGL RHVLVWDXQD RHVLVWDXQDGLI
IUDQFHVH &L LQFRQWULDPR WDOYROWD LQ ,WDOLD GRYH YLHQH SHU OH YDFDQ]H DOWUH YROWH VRQR DQGDWR LR D WURYDUOR
DQLPDOHVFKL
XRPRGR XRPRGRY VRSUDYYLYRQRQHOOߞXRPRGRYHVVHURHVVHUHWROOHUDWH/HOHJJLXPDQHVHUYRQRDSSXQWRDTXHVWRDOLPLWDUHJOLLPSXOVL
ULWRUQR HG RUD KD GXH ILJOL H FRQGXFH XQD YLWD PROWR WUDQTXLOOD FRPH IDUPDFLVWD LQ XQD FLWWDGLQD GHOOD SURYLQFLD
YLYRHVWDEHQH-HDQLOl3LNROR{GHO&DQWRGL8OLVVHODVXDIDPLJOLDHUDVWDWDGLVWUXWWDPDVL¨VSRVDWRGRSRLO
IO D U E T S BIL I R D E P EN O V T N S TE NO
EHFFDWHSHUYDULJLRUQL/RVWHVVRDYYLHQHIUDLWRSLHOHDSLHLQJHQHUHLQWXWWHOHVSHFLHGLDQLPDOLVRFLDOL2UDOߞXRPR
PRUWL SLº WDUGL SHU PDODWWLH FRQWUDWWH GXUDQWH OD SULJLRQLD H GL DOWUL DQFRUD QRQ VRQR ULXVFLWR D ULWURYDUH OH WUDFFH
$OFXQLSRFKLVRSUDYYLYRQRHGKRSRWXWRFRQVHUYDUHRULVWDELOLUHLOFRQWDWWRFRQORUR
DQFKHIUDJOLDQLPDOLGRPHVWLFL¨QRWRFKHXQDJDOOLQDGLXQFHUWRSROODLRVHYLHQHLQWURGRWWDLQXQDOWUR¨UHVSLQWDD
JLRUQLGL/DJHURGXUDQWHODWUHPHQGDPDUFLDGLHYDFXD]LRQHGLFXLVLSDUODQHOFDSLWROR6WRULDGLGLHFLJLRUQLDOWULVRQR
GLXQDVWHVVDVSHFLHPDDSSDUWHQHQWLDJUXSSLGLYHUVLPDQLIHVWDQRIUDGLORURIHQRPHQLGLLQWROOHUDQ]D4XHVWRDYYLHQH
HFLR¨GHOOߞDYYHUVLRQHFRQWURFKL¨GLYHUVRGDQRLLQGXEELRFKHVLWUDWWLLQRULJLQHGLXQIDWWR]RRORJLFRJOLDQLPDOL
/ߞDYYHUVLRQHFRQWURJOLHEUHLLPSURSULDPHQWHGHWWDDQWLVHPLWLVPR¨XQFDVRSDUWLFRODUHGLXQIHQRPHQRSLºYDVWR
&RPHVLVSLHJDOߞRGLRIDQDWLFRGHLQD]LVWLFRQWURJOLHEUHL"
FHUYHOOR
COPIA NON VENDIBILE
/D PDJJLRU SDUWH GHL SHUVRQDJJL FKH FRPSDLRQR LQ TXHVWH SDJLQH VRQR SXUWURSSR GD ULWHQHUH VFRPSDUVL JL QHL
)UDLSHUVRQDJJLGL6HTXHVWR¨XQXRPRTXDOLKDULYLVWRGRSRODOLEHUD]LRQH"
QRQ¨SHQVDELOH
UDSSUHVHQWDUVLXQVRFLDOLVPRVHQ]D/DJHULQPROWHSDUWLGHOPRQGR¨VWDWRUHDOL]]DWR8QQD]LVPRVHQ]D/DJHULQYHFH
VWHQWDDULFRQRVFHUYLJOLVWHVVLOLQHDPHQWLFDUFHUDULGHVFULWWLGD6ROľHQLF\QFHQWRDQQLGRSR0D¨SRVVLELOHDQ]LIDFLOH
QRQKDQQRVDSXWRRYROXWROLEHUDUVL&KLOHJJHOH0HPRULHGLXQDFDVDPRUWDVFULWWHGD'RVWRHYVNLMQHOQRQ
TESTO PER STUDIO UNITO
WXWWRGHOUDSDFHFDSLWDOLVPRDPHULFDQRHGHOEROVFHYLVPRVRYLHWLFRGHOODVFRQILWWDGHOGHOOߞLQIOD]LRQHGHO OLEHUDOLVPR GHPRFUD]LD VRFLDOLVPR H FRPXQLVPR VRQR VDWDQLFKH LQYHQ]LRQL HEUDLFKH FKH PLQDFFLDQR OD VROLGLW PRQROLWLFDGHOOR6WDWRQD]LVWD
3DVTXDUDSLVFRQREDPELQLFULVWLDQLFROFXLVDQJXHLPSDVWDQRLOSDQHD]]LPR4XHVWHFUHGHQ]HKDQQRRIIHUWRLOSUHWHVWR
SHU QXPHURVL H VDQJXLQRVL PDVVDFUL H WUD OߞDOWUR SHU OߞHVSXOVLRQH LQ PDVVD GHJOL HEUHL GDSSULPD GDOOD )UDQFLD H
URJRGLOLEULGLDXWRULHEUHLRQHPLFLGHOQD]LVPRPDSLºGLFHQWRDQQLSULPD+HLQHSRHWDHEUHRWHGHVFRDYHYDVFULWWR l&KL EUXFLD L OLEUL ILQLVFH SUHVWR R WDUGL FRO EUXFLDUH XRPLQL{ 1HO OߞDQWLVHPLWLVPR YLHQH FRGLILFDWR LQ XQD PRQXPHQWDOHHPLQX]LRVLVVLPDOHJLVOD]LRQHOH/HJJLGL1RULPEHUJD1HOLQXQDVRODQRWWHGLGLVRUGLQLSLORWDWL GDOOߞDOWR YHQJRQR LQFHQGLDWH VLQDJRJKH H GLVWUXWWL PLJOLDLD GL QHJR]L GL HEUHL 1HO JOL HEUHL GHOOD 3RORQLD LQFHQGLD QFHQGL
WHVW©RFFXSDWDYHQJRQRULQFKLXVLQHLJKHWWL1HOYLHQHDSHUWRLO/DJHUGL$XVFKZLW]1HOODPDFFKLQD YHQJRQRULQF YHQJRQRULQFK
GHOORVWHUPLQLR¨LQSLHQDD]LRQHOHYLWWLPHVDOLUDQQRDPLOLRQLQHO QLR¨LQSLHQDD
JHQHUDOHGHOOHFRVFLHQ]HQD]LRQDOLHGDOULFRQRVFLPHQWRGHLGLULWWLGHOOHPLQRUDQ]HDGHFFH]LRQHGHOOD5XVVLD]DULVWD
LQ WXWWD Oߞ(XURSD FDGRQR OH UHVWUL]LRQL OHJDOL DL GDQQL GHJOL HEUHL FKH HUDQR VWDWH LQYRFDWH GDOOH &KLHVH FULVWLDQH D
VHFRQGDGHLOXRJKLHGHLWHPSLOߞREEOLJRGLULVLHGHUHLQJKHWWLRLQ]RQHSDUWLFRODULOߞREEOLJRGLSRUWDUHVXJOLDELWLXQ
FRQWUDVVHJQR LO GLYLHWR GL DFFHGHUH D GHWHUPLQDWL PHVWLHUL R SURIHVVLRQL LO GLYLHWR GHL PDWULPRQL PLVWL HFF
6RSUDYYLYHSHU²OߞDQWLVHPLWLVPRYLYDFHVRSUDWWXWWRQHLSDHVLGRYHXQDUR]]DUHOLJLRVLW FRQWLQXDYDDGDGGLWDUHQHJOL
HEUHLJOLXFFLVRULGL&ULVWRLQ3RORQLDHLQ5XVVLD HGRYHOHULYHQGLFD]LRQLQD]LRQDOLDYHYDQRODVFLDWRXQRVWUDVFLFRGL
PDWULFROD GHO QRPH OD PDQFDWD GLVWULEX]LRQH GL FXFFKLDL HSSXUH L PDJD]]LQL GL $XVFKZLW] DOOD PD OD LQ VRVWLWX]LRQH VRVWLWX]L VRVWLWX]
OLEHUD]LRQH TXLQWDOL SHU FXL L SULJLRQLHUL DYUHEEHUR GRYXWR ODPELUH OD ]XSSD FRPH FDQL OߞHPSLR UD]LRQH ]LRQH QH FRQWHQHYDQR FR
GHL FDGDYHUL WUDWWDWL FRPH XQD TXDOVLDVL DQRQLPD PDWHULD SULPD GD FXL VL ULFDYDYDQR OߞRUR GHL GHQWL L VIUXWWDPHQWR G
LQGLYLGXLVRVWDQ]LDOPHQWHRPRJHQHLSHUVDQJXHHSHUUD]]D,SRSROLWHGHVFKLDYUHEEHURGRYXWRFRVWLWXLUVLLQXQR6WDWR
IRUWHHJXHUULHURHJHPRQHLQ(XURSDULYHVWLWRGLXQDPDHVW TXDVLGLYLQD
SHUFK© OD *HUPDQLD IX GLVIDWWD PD LO WHVWDPHQWR SROLWLFR FKH +LWOHU GHWW² SRFKH RUH SULPD GL XFFLGHUVL FRL UXVVL D SRFKLPHWULVLFRQFOXGHYDFRVl6RSUDWWXWWRRUGLQRDOJRYHUQRHDOSRSRORWHGHVFRGLPDQWHQHUHLQSLHQRYLJRUHOH OHJJLUD]]LDOLHGLFRPEDWWHUHLQHVRUDELOPHQWHOߞDYYHOHQDWRUHGLWXWWHOHQD]LRQLOߞHEUDLVPRLQWHUQD]LRQDOH{
SHUPROWLPRWLYLFKH+LWOHUHQXQFLDYDFRQIXURUHGRJPDWLFRSHUFK©KDQQRlVDQJXHGLYHUVR{SHUFK©VRQRLPSDUHQWDWL HGLYHU YH K©VRQRLP
FRQDOWULHEUHLLQ,QJKLOWHUUDLQ5XVVLDLQ$PHULFDSHUFK©VRQRHUHGLGLXQDFXOWXUDLQFXLVLUDJLRQDHVLGLVFXWHSULPD L
GLREEHGLUHHGLQFXL¨YLHWDWRLQFKLQDUVLDJOLLGROLPHQWUHOXLVWHVVRDVSLUDDGHVVHUHYHQHUDWRFRPHXQLGRORHQRQ
COPIA NON VENDIBILE
DOORQWDQDUHFROEDWWHVLPRQ©XQDWUDGL]LRQHFXOWXUDOHFKHVLSX²DEEDQGRQDUHSHUXQߞDOWUD¨XQDVRWWRVSHFLHXPDQD
SURSDJDQGD VHQ]D VRVWH 6L WRFFDQR HVWUHPL PDL VHQWLWL SULPD /ߞHEUDLVPR QRQ ¨ XQD UHOLJLRQH GD FXL FL VL SX²
GHEROLGHYRQRFHGHUHGDYDQWLDOOHIRUWLOHDVVXUGHFUHGHQ]HSRSRODULFKHLOEXRQVHQVRDYHYDVHSROWHGDVHFROLXQD
SLº EDUEDULFR GL WXWWL L SUHFHGHQWL YL FRQYHUJRQR GRWWULQH ELRORJLFKH DUWLILFLRVDPHQWH GLVWRUWH VHFRQGR FXL OH UD]]H
IRUPHQXRYH/ߞDQWLVHPLWLVPRGLVWDPSRIDVFLVWDTXHOORFKHLO9HUEREDQGLWRGD+LWOHUULVYHJOLDQHOSRSRORWHGHVFR¨
4XHVWRVHPHGߞLQWROOHUDQ]DFDGHQGRVXGLXQWHUUHQRJL SUHGLVSRVWRYLDWWHFFKLVFHFRQLQFUHGLELOHYLJRUHPDLQ
LQYLGLDGLIUXVWUDWR
QHOODVFLHQ]DQHOODOHWWHUDWXUD+LWOHUSLWWRUHPDQFDWRDUFKLWHWWRIDOOLWRULYHUVDVXJOLHEUHLLOVXRULVHQWLPHQWRHODVXD
LVWLQWL{,QILQHPROWLIUDJOLHEUHLWHGHVFKLKDQQRUDJJLXQWRSRVL]LRQLFKLDYHQHOOߞHFRQRPLDQHOODILQDQ]DQHOOHDUWL
TESTO PER STUDIO UNITO
WRUELGL LQL]L DOOD VXD ILQH FRQYXOVD QRQ ULHVFR D VRWWUDUPL DOOߞLPSUHVVLRQH GL XQD JHQHUDOH DWPRVIHUD GL IROOLD
GLPLQXWLYHQRQFRPPLVXUDWHQRQSURSRU]LRQDOLDLIDWWLGDVSLHJDUH1HOULOHJJHUHOHFURQDFKHGHOQD]LVPRGDLVXRL
7XWWDYLDGHYRDPPHWWHUHFKHTXHVWHVSLHJD]LRQLFKHVRQRTXHOOHFRPXQHPHQWHDFFHWWDWHQRQPLVRGGLVIDQRVRQR
FRQGRWWRDOSDURVVLVPRGD+LWOHUGLWWDWRUHPDQLDFR
QD]LVWDDFXLRFFRUUHYDXQFDSURHVSLDWRULRVXFXLFRQYRJOLDUHWXWWHOHFROSHHWXWWLLULVHQWLPHQWLHFKHLOIHQRPHQRIX
GLVVHPLQDWR LQ WXWWD OD *HUPDQLD H LQ EXRQD SDUWH GHOOߞ(XURSD JUD]LH DOOߞHIILFLHQ]D GHOOD SURSDJDQGD IDVFLVWD H
QD]LRQDOLVWLFDHPLOLWDULVWLFDGHOSRSRORWHGHVFRHGDOODSHFXOLDUHlGLYHUVLW {GHOSRSRORHEUHRFKHHVVRIXIDFLOPHQWH
DYXWR FDUDWWHUH SUHYDOHQWHPHQWH UHOLJLRVR FKH QHO ,,, 5HLFK HVVR ¨ VWDWR HVDFHUEDWR GDOOD SUHGLVSRVL]LRQH
5LDVVXPHQGRVLSX²GXQTXHDIIHUPDUHFKHOߞDQWLVHPLWLVPR¨XQFDVRSDUWLFRODUHGHOOߞLQWROOHUDQ]DFKHSHUVHFROLKD
WUDVIHULUHGDL/DJHUSURVVLPLDOIURQWHDYHYDQRODSUHFHGHQ]DVXOOHWUDGRWWHPLOLWDUL1RQIXFRQGRWWDDWHUPLQHVROR
7XWWRFL²FKHQRQ¨JHUPDQLFRJOLDSSDUHLQIHULRUHDQ]LGHWHVWDELOHHGLSULPLQHPLFLGHOOD*HUPDQLDVRQRJOLHEUHL QHPLFLGHOOD PDQLDVRQRJOL
HVLWD D SURFODPDUH FKH lGREELDPR GLIILGDUH GHOOߞLQWHOOLJHQ]D H GHOOD FRVFLHQ]D H ULSRUUH WXWWD OD QRVWUD IHGH QHJOL
&RPH¨QRWROߞRSHUDGLVWHUPLQLRIXFRQGRWWDPROWRDYDQWL,QD]LVWLFKHSXUHHUDQRLPSHJQDWLLQXQDGXULVVLPD
JXHUUD RUPDL GLIHQVLYD YL PDQLIHVWDURQR XQD IUHWWD LQHVSOLFDELOH L FRQYRJOL GHOOH YLWWLPH GD SRUWDUH DO JDV R GD
GLVSUH]]R
ULHVFHDWUDUUHSDUWLWRGDOODFROOHUDGLXQSDHVHXPLOLDWRHGDOOߞRUJRJOLRQD]LRQDOLVWLFRVXVFLWDWRGDLSURIHWLFKHOߞKDQQR WDWRGDLSURIHWL DWRGDLSURIH OߞKDQQR
XQD*HUPDQLDGRPLQDWULFHQRQQHOORQWDQRIXWXURPDVXELWRQRQDWWUDYHUVRXQDPLVVLRQHGLFLYLOW PDFRQOHDUPL PLVVLRQHGLF PLVVLRQHGLFLY PDFRQOHDUP
FLPLFLRSLGRFFKL6RQRVWDWHHVFRJLWDWHQHLVHFROLPRUWLSLºWRUPHQWRVHPDQHVVXQDHUDFRVJUDYLGDGLGLOHJJLRHGL
DOOHFODVVLFKHOߞKDQQRFRQGRWWRDOODVFRQILWWDHGDOGLVDVWURHFRQRPLFR1HOJLURGLSRFKLDQQLDSDUWLUHGDOHJOL DSDUWLUHGDO HJ
SUHFHGXWR /XWHUR )LFKWH +HJHO :DJQHU *RELQHDX &KDPEHUODLQ 1LHW]VFKH LO VXR SHQVLHUR RVV RVVHVVLYR ¨ TXHOOR GL RVVH
/RVWHVVRPRGRFKHIXVFHOWRGRSRPLQX]LRVLHVSHULPHQWL SHUORVWHUPLQLRHUDDSHUWDPHQWHVLPEROLFR6LGRYHYD
XVDUHHIXXVDWRTXHOORVWHVVRJDVYHOHQRVRFKHVLLPSLHJDYDSHUGLVLQIHVWDUHOHVWLYHGHOOHQDYLHGLORFDOLLQYDVLGD
RUD]LRQLLQILDPPDWH+LWOHUSURPHWWHEHQHULXVFLU DGHYLDUHVXJOLHEUHLOߞDYYHUVLRQHFKHLOSUROHWDULDWRWHGHVFRWULEXWD ULDWRWHGHVFR ULDWRWHGHVFRWU
VSHULPHQWDUHPHGLFLQDOLSHUSRLVRSSULPHUOL VSHUL VSHULP
LQIDXVWL GHOOD 6WRULD OߞDJLWDWRUH SROLWLFR $GROI +LWOHU , ERUJKHVL H JOL LQGXVWULDOL WHGHVFKL SRUJRQR RUHFFKLR VXH UHFFKLR DDOOH VX
UDIIRU]DWD GDOOߞXPLOLD]LRQH GHO WUDWWDWR GL SDFH GL 9HUVDLOOHV 6H QH LPSDGURQLVFH XQR GHL SHUVRQDJJL SLº VLQLVWUL QLVWUL HHG
FRPH PDWHULDOH WHVVLOH OH FHQHUL FRPH IHUWLOL]]DQWL DJULFROL JOL XRPLQL H OH GRQQH GHJUDGDWL D FDYLH VX FXL FDSHOOL FR
GHSRUWDWL XRPLQL GRQQH H EDPELQL D JLDFHUH SHU JLRUQL QHOOH SURSULH ORUGXUH LO QXPHUR GL PR GD FRVWULQJHUH PRGR RVWULQJHUH ULQJHUH L GH
SULPDWR LQ (XURSD H IRUVH QHO PRQGR HUD HUHGH GL UHPRWH H QRELOLVVLPH WUDGL]LRQL H FLYLOW HG HUD FRVWLWXLWR GD
4XHVWDLGHDGHOODPLVVLRQHGHOOD1D]LRQH7HGHVFDVRSUDYYLYHDOODGLVIDWWDGHOODSULPDJXHUUDPRQGLDOHHGHVFHDQ]L VFHDQ]L
$XVFKZLW]FKHLPSRQHYDDJOLXRPLQLLOPDUFKLRFKHVLXVDSHULEXRLLOYLDJJLRLQYDJRQLEHVWLDPHPDLDSHUWLLQ $XVFKZLW] XVFK LPSRQHYDDJO
FKH JOL HEUHL H FRQIHUPDUH FFK H JOL J ]LQJDUL H JOL VODYL VRQR EHVWLDPH VWUDPH LPPRQGH]]D 6L ULFRUGL LO WDWXDJJLR GL
RFFDVLRQHGHOODIDOVDDFFXVDGLDOWRWUDGLPHQWRPRVVDFRQWUR$OIUHG'UH\IXVXIILFLDOHHEUHRGHOOߞHVHUFLWRIUDQFHVH
XQD WHRUL]]D]LRQH IDQDWLFD VHFRQGR FXL LO SRSROR WHGHVFR SHU WURSSR WHPSR GLYLVR HG XPLOLDWR HUD GHSRVLWDULR GHO
SURSDJDQGDQD]LVWD4XLQRQFߞHUDVRORODPRUWHPDXQDIROODGLGHWWDJOLPDQLDFLHVLPEROLFLWXWWLWHVLDGLPRVWUDUHH SDJDQGDQD]LVW SDJDQGDQD]LVWD LQ
FOHULFDOL L QD]LRQDOLVWL HG L PLOLWDUL VL WURYDQR FRQFRUGL QHOOR VFDWHQDUH XQD YLROHQWD RQGDWD GL DQWLVHPLWLVPR LQ
,Q*HUPDQLDLQVSHFLHSHUWXWWRLOVHFRORVFRUVRXQDVHULHLQLQWHUURWWDGLILORVRILHGLSROLWLFLDYHYDQRLQVLVWLWRLQ
1HOOD GHL FDPSL GL VWHUPLQLR WURYDQR OD ORUR UHDOL]]D]LRQH OߞRGLR H LO GLVSUH]]R GLIIXVL GDOOD D SUDWLFD TXRWLGLDQD TXRWL
JHQHULFDDYYHUVLRQHFRQWURLFRQILQDQWLHJOLVWUDQLHULLQ*HUPDQLDPDDQFKHLQ)UDQFLDHGDOODILQHGHO ;,; VHFRORL
IO D U E T S BIL I R D E P EN O V T N S TE NO
FKH+LWOHUKDFRQTXLVWDWRLOSRWHUHQDVFH'DFKDXLOSULPR/DJHU1HOPDJJLRGHOORVWHVVRDQQRVLDFFHQGHLOSULPR
$WWUDYHUVR XQD VHULH PDL LQWHUURWWD GL VWUDJL H GL PLJUD]LRQL VL DUULYD DO VHFROR ;,; FRQWUDVVHJQDWR GDO ULVYHJOLR
,OSDVVDJJLRGDOODSUHGLFD]LRQHWHRULFDDOOߞDWWXD]LRQHSUDWLFD¨VWDWRUDSLGRHEUXWDOH1HOVRORGXHPHVLGRSR
GLGLYHUVRGLDERPLQHYROHHLQGHILQLELOHlSLºORQWDQLGDLWHGHVFKLFKHOHVFLPPLHGDJOLXRPLQL{VRQRFROSHYROLGL
SRSRODULFKHJOLHEUHLDYYHOHQDQRLSR]]LSURSDJDQGRODSHVWHFKHSURIDQDQRDELWXDOPHQWHOߞ2VWLDFRQVDFUDWDFKHD
GDOOߞ,QJKLOWHUUDSRL GDOOD6SDJQDHGDO3RUWRJDOOR
XQDUD]]DGLYHUVDHGLQIHULRUHDWXWWHOHDOWUH*OLHEUHLVRQRVRORDSSDUHQWHPHQWHHVVHULXPDQLLQUHDOW VRQRTXDOFRVD
VWDWDVRSSUHVVDVRORGDO&RQFLOLR9DWLFDQR,, VWDDOOߞRULJLQHGLYDULHIXQHVWHHVHPSUHULQQRYDWHFUHGHQ]H
COPIA NON VENDIBILE
HVVHUHLQVRPPDLOlSRSRORGHLFLGD{4XHVWDIRUPXOD]LRQHFKHFRPSDUHQHOODOLWXUJLDSDVTXDOHLQWHPSLUHPRWLHG¨
TESTO PER STUDIO UNITO
DPPRQLPHQWR
COPIA NON VENDIBILE
GLVWLQJXHUHLSURIHWLYHULGDLIDOVL¨EHQHDYHUHLQVRVSHWWRWXWWLLSURIHWL¨PHJOLRULQXQFLDUHDOOHYHULW ULYHODWHDQFKH
FDULVPDWLFL GREELDPR HVVHUH FDXWL QHO GHOHJDUH DG DOWUL LO QRVWUR JLXGL]LR H OD QRVWUD YRORQW 3RLFK© ¨ GLIILFLOH
2FFRUUHGXQTXHHVVHUHGLIILGHQWLFRQFKLFHUFDGLFRQYLQFHUFLFRQVWUXPHQWLGLYHUVLGDOODUDJLRQHRVVLDFRQLFDSL
LQ9LHWQDP
PLOLWDULIUDQFHVLGLYHQWߞDQQLGRSRPDVVDFUDWRULLQ$OJHULDFRPHLPLOLWDULDPHULFDQLGLWUHQWߞDQQLGRSRPDVVDFUDWRUL
GLVFXWHUH FRPH (LFKPDQQ FRPH +¶VV FRPDQGDQWH GL $XVFKZLW] FRPH 6WDQJO FRPDQGDQWH GL 7UHEOLQND FRPH L
HVVHUHYHUDPHQWHSHULFRORVLVRQRSLºSHULFRORVLJOLXRPLQLFRPXQLLIXQ]LRQDULSURQWLDFUHGHUHHDGREEHGLUHVHQ]D
QRQHUDQRVDOYHSRFKHHFFH]LRQL GHLPRVWULHUDQRXRPLQLTXDOXQTXH,PRVWULHVLVWRQRPDVRQRWURSSRSRFKLSHU
%LVRJQDULFRUGDUHFKHTXHVWLIHGHOLHIUDTXHVWLDQFKHLGLOLJHQWLHVHFXWRULGLRUGLQLGLVXPDQLQRQHUDQRDJX]]LQLQDWL
HUDQR DEHUUDQWL R VFLRFFKH R FUXGHOL HSSXUH YHQQHUR RVDQQDWL H VHJXLWL ILQR DOOD ORUR PRUWH GD PLOLRQL GL IHGHOL
LVWLQWLYDIRUVHSD]LHQWHPHQWHHVHUFLWDWDHDSSUHVD/HLGHHFKHSURFODPDYDQRQRQHUDQRVHPSUHOHVWHVVHHLQJHQHUDOH
FRVHFKHGLFHYDQRPDGDOPRGRVXJJHVWLYRFRQFXLOHGLFHYDQRGDOODORURHORTXHQ]DGDOODORURDUWHLVWULRQLFDIRUVH LVW LVWU
FDULVPDWLFL{SRVVHGHYDQRXQVHJUHWRSRWHUHGLVHGX]LRQHFKHQRQSURFHGHYDGDOODFUHGLELOLW RGDOODJLXVWH]]DGHOOH ODFUHGLE UHG DOODJLXVWH
0XVVROLQL TXDQGR SDUODYDQR SXEEOLFDPHQWH YHQLYDQR FUHGXWL DSSODXGLWL DPPLUDWL PLUDWL DGRUDWL DGRUDWL FRPH PH G¨L (UDQR lFDSL l
3HU TXHVWR PHGLWDUH VX TXDQWR ¨ DYYHQXWR ¨ XQ GRYHUH GL WXWWL 7XWWL GHYRQR R VDSHUH R ULF UULFRUGDUH UH FKH +LWOHU H
DFFDGXWRSX²ULWRUQDUHOHFRVFLHQ]HSRVVRQRQXRYDPHQWHHVVHUHVHGRWWHHGRVFXUDWHDQFKHOHQRVWUH FKHOHQRVWUH
FDSLUH GL GRYH QDVFH H VWDUH LQ JXDUGLD 6H FRPSUHQGHUH ¨ LPSRVVLELOH FRQRVFHUH ¨ QHFHVVDULR FHVVDULR SHUFK© SHUFK FL² SHUF ² FKH ¨
WURQFRIXQHVWRGHOIDVFLVPRPD¨IXRULHGROWUHLOIDVFLVPRVWHVVR1RQSRVVLDPRFDSLUORPDSRVVLDPRHGREELDPR DSRVVLDPRHG SRVVLDPRHG DP
0DQHOOߞRGLRQD]LVWDQRQFߞ¨UD]LRQDOLW ¨XQRGLRFKHQRQ¨LQQRL¨IXRULGHOOߞXRPR¨XQIUXWWRYHOHQRVRQDWRGDO RYHOHQRVRQ RYHOHQRVRQDW
JXHUUD¨XQWHUULELOHIDWWRGLVHPSUH¨GHSUHFDELOHPD¨LQQRLKDXQDVXDUD]LRQDOLW ODlFRPSUHQGLDPR{ R{
JXHUUDPD$XVFKZLW]QRQKDQXOODDFKHYHGHUHFRQODJXHUUDQRQQH¨XQHSLVRGLRQRQQH¨XQDIRUPDHVWUHPD/D UHPD/ UHPD/D
SDUDJRQDELOL DOOH YLFHQGH SLº FUXGHOL GHOOD ORWWD ELRORJLFD SHU OߞHVLVWHQ]D $ TXHVWD ORWWD SX² HVVHUH ULFRQGRWWD GRWWD OD
ULHVFDQR SLº FRPSUHQVLELOL 6RQR SDUROH HG RSHUH QRQ XPDQH DQ]L FRQWURXPDQH VHQ]D SUHFHGHQWL VWRULFL D VWHQWR QWR
LQVLHPH FL SRUWD VROOLHYR SHUFK© IRUVH ¨ GHVLGHUDELOH FKH OH ORUR SDUROH HG DQFKH SXUWURSSR OH ORUR RSHUH QRQ FL
QRUPDOH SRWU PDL LGHQWLILFDUVL FRQ +LWOHU +LPPOHU *RHEEHOV (LFKPDQQ H LQILQLWL DOWUL 4XHVWR FL VJRPHQWD HG
HWLPRORJLFDPHQWH FRQWHQHUOR FRQWHQHUQH OߞDXWRUH PHWWHUVL DO VXR SRVWR LGHQWLILFDUVL FRQ OXL 2UD QHVVXQ XRPR
JLXVWLILFDUH 0L VSLHJR lFRPSUHQGHUH{ XQ SURSRQLPHQWR R XQ FRPSRUWDPHQWR XPDQR VLJQLILFD DQFKH
)RUVH TXDQWR ¨ DYYHQXWR QRQ VL SX² FRPSUHQGHUH DQ]L QRQ VL GHYH FRPSUHQGHUH SHUFK© FRPSUHQGHUH ¨ TXDVL
HGHOOD*HUPDQLDGLHWURGLOXL
VWRULFLIUDLSLºVHUL%XOORFN6FKUDPP%UDFKHU FRQIHVVDQRGLQRQFRPSUHQGHUHOߞDQWLVHPLWLVPRIXULERQGRGL+LWOHU
PLVXUD SDU]LDOH QH VSLHJDQR OD TXDOLW PD QRQ OD TXDQWLW 'HYR DPPHWWHUH FKH SUHIHULVFR OߞXPLOW FRQ FXL DOFXQL
DUGXRLQWHUSUHWDUHOHPRWLYD]LRQLSURIRQGHGLXQLQGLYLGXR/HLSRWHVLFKHYHQJRQRSURSRVWHJLXVWLILFDQRLIDWWLVRORLQ
TESTO PER STUDIO UNITO
PH ¨ GRYXWR SULQFLSDOPHQWH DOOD IRUWXQD 6ROR LQ SLFFROD PLVXUD KDQQR JLRFDWR IDWWRUL SUHHVLVWHQWL TXDOL LO PLR
DPLFLJOLDYHULODVDOXWHOߞHTXLOLEULRODJLRYLQH]]D,OIDWWRFKHLRVLDVRSUDYYLVVXWRHVLDULWRUQDWRLQGHQQHVHFRQGR
LWDOLDQL DG HVHPSLR VROR FLUFD LO SHU FHQWR KDQQR IDWWR ULWRUQR H IUD TXHVWL PROWL KDQQR SHUGXWR OD IDPLJOLD JOL
'HYRSHU²DIIUHWWDUPLDSUHFLVDUHFKHTXHVWRHVLWRSRVLWLYR¨VWDWDXQDIRUWXQDWRFFDWDDSRFKLVVLPLGHLGHSRUWDWL
VFULYHQGRHPHGLWDQGRTXHJOLDYYHQLPHQWLKRLPSDUDWRPROWHFRVHVXJOLXRPLQLHVXOPRQGR
5DYHQVEU¼FNGLFHFKHLOFDPSR¨VWDWDODVXD8QLYHUVLW LRFUHGRGLSRWHUGLUHDOWUHWWDQWRHFLR¨FKHYLYHQGRHSRL
SDVVDWRPLKDUHVRSLºULFFRHSLºVLFXUR8QDPLDDPLFDFKHHUDVWDWDGHSRUWDWDJLRYDQLVVLPDDO/DJHUIHPPLQLOHGL
PROWR SLº OXQJD H FRPSOHVVD GL VFULWWRUHWHVWLPRQH H OD VRPPD ¨ QHWWDPHQWH SRVLWLYD QHOOD VXD JOREDOLW TXHVWR
HPR]LRQH YLROHQWD R GRORURVD $O FRQWUDULR DOOD PLD HVSHULHQ]D EUHYH H WUDJLFD GL GHSRUWDWR VL ¨ VRYUDSSRVWD TXHOOD
GLFR FRQ HVLWD]LRQH SHUFK© QRQ YRUUHL SDVVDUH SHU XQ FLQLFR QHO ULFRUGDUH LO /DJHU RJJL QRQ SURYR SLº DOFXQD
DUWLILFLDOHPDDQFKHFRPHXQDEDUULHUDGLIHQVLYDIUDLOPLRQRUPDOLVVLPRSUHVHQWHHLOIHURFHSDVVDWRGL$XVFKZLW]/R
$GHVVRVRQRSDVVDWLPROWLDQQLLOOLEURKDDYXWRPROWHYLFHQGHHVL¨FXULRVDPHQWHLQWHUSRVWRFRPHXQDPHPRULD
SDUHYDTXHVWROLEURGLDYHUORJL LQWHVWDWXWWRSURQWRGLGRYHUORVRORODVFLDUHXVFLUHHVFHQGHUHVXOODFDUWD
WURYDWRPLUDFRORVDPHQWHLOWHPSRGLVFULYHUHSXUVHQ]DPDLVRWWUDUUHQHSSXUHXQߞRUDDOPLRPHVWLHUHTXRWLGLDQRPL
FRVWULQJHUPL D VFULYHUH QRQ KR DYXWR GD FRPEDWWHUH FRQ OD SLJUL]LD L SUREOHPL GL VWLOH PL VHPEUDYDQR ULGLFROL KR
TXHOORGHOFKLPLFRFKHQRQDYHYDQLHQWHLQFRPXQHFROPRQGRGHOODSDURODVFULWWDVWDWDOߞHVSHULHQ]DGHO/DJHUD
PHGLRFUHLQLWDOLDQRHVFDGHQWHLQVWRULDPLLQWHUHVVDYDQRGLSLºODILVLFDHODFKLPLFDHGDYHYRSRLVFHOWRXQPHVWLHUH
SUREDELOPHQWH QRQ DYUHL PDL VFULWWR QXOOD 1RQ DYUHL DYXWR PRWLYR LQFHQWLYR SHU VFULYHUH HUR VWDWR XQR VWXGHQWH
8QD FHUWD DIIHUPD]LRQH SRVVR SHU² IRUPXODUOD HG ¨ TXHVWD VH QRQ DYHVVL YLVVXWR OD VWDJLRQH GL $XVFKZLW]
VWHVVLPRWLYLQHVVXQRSX²GLUHTXDOHVDUHEEHVWDWRLOVXRSDVVDWRlVH{ V
QRQVLDPRFRVFLHQWL3HUTXHVWLQRWRULPRWLYLQRQVLFRQRVFHLOSURSULRDYYHQLUHQ©TXHOORGHOQRVWURSURVVLPRSHUJOL QRQ V QRQV
IRUWHPHQWHDQFKHGDIDWWRULHVWHUQLLQWXWWRHVWUDQHLDOOHQRVWUHVFHOWHGHOLEHUDWHHGDQFKHGDIDWWRULLQWHUQLGLFXLSHU² IRUWHPHQ
DOWHUQDWLYH SRL S DG RJQL VFHOWD QH VHJXRQR DOWUH WXWWH PXOWLSOH H FRV DOOߞLQILQLWR H LQILQH LO QRVWUR IXWXUR GLSHQGH
LQILOD ILOD LOD OD VWUDGD GGL VLQLVWUD ¨ RYYLR FKH LQILOHU TXHOOD GL GHVWUD PD TXDVL PDL OH QRVWUH VFHOWH VRQR IUD GXH VROH
DVVROXWDPHQWHGLUHTXDQGRVLGLVLQWHJUHU XQVLQJRORDWRPRGLTXHOUDGLR6HXQXRPRVLDYYLDYHUVRXQELYLRHQRQ DV WDPHQWHGLUHT
SURQRVWLFDUHFRQJUDQGHHVDWWH]]DLOWHPSRFKHLPSLHJKHU XQJUDPPRGLUDGLRDGLPH]]DUHODVXDDWWLYLW PDQRQVD SUR SURQR UHFRQJUDQGH
LPSRVVLELOH SUHYHGHUH GL XQ VLQJROR DQFKH VXOOD VFDOD GHL JLRUQL $OOR VWHVVR PRGR LO ILVLFR VD LPSRVVLEL SRVV UHYHGHUH HYHGHUH LO FRPSRUWDPHQWR FRP
WHQWDUHSUHYLVLRQLGHOUHVWRVHPSUHJURVVRODQH VXOFRPSRUWDPHQWRGLXQDSRSROD]LRQHHGLQYHFH¨GLIILFLOLVVLPRR WHQWDUHSUHYLV GHOUHVWRVH HOUHVWRVH
FRQRVFHLOVXRIXWXURHTXLVLWUDWWHUHEEHDSSXQWRGLGHVFULYHUHXQIXWXURFKHQRQFߞ¨VWDWR+DXQFHUWRVLJQLILFDWR QRVFHLOVXRIX RVFHLOVXRIX HT HTX
3DUODQGRULJRURVDPHQWHQRQVRHQRQSRVVRVDSHUHFKHFRVDVDUHLRJJLVHQRQIRVVLVWDWRLQ/DJHUQHVVXQXRPR DQGRULJRURV DQGRULJRURVDP
TXDOLIDWWRULDWWULEXLVFHLOIDWWRGLHVVHUHVRSUDYYLVVXWR" WWRULDWWULEXLVFH RULDWWULEXLVF
IO D U E T S BIL I R D E P EN O V T N S TE NO
ULYHUVDQGRQHWXWWDODFROSDVXXQLQGLYLGXRJOLHVHFXWRULGLRUGLQLRUUHQGLQRQVRQRLQQRFHQWL HGLQROWUH¨VHPSUH
&KHFRVDVDUHEEH/HLRJJLVHQRQIRVVHVWDWRSULJLRQLHURLQ/DJHU"&KHFRVDSURYDQHOULFRUGDUHTXHOWHPSR"$ UHEEH/HLRJ HEEH/HL
PHPRULD GL TXDQWR ¨ DYYHQXWR QHO FXRUH GHOOߞ(XURSD H QRQ PROWR WHPSR DGGLHWUR SX² HVVHUH GL VRVWHJQR H GL
VWHVVRFKHODYLROHQ]DGHOODVXDDYYHUVLRQHSURYHQLYDGDOWLPRUHGLSRWHUDYHUHlVDQJXHHEUHR{QHOOHYHQH
$QFRUD XQD YROWD QRQ PL VHPEUDQR VSLHJD]LRQL DGHJXDWH 1RQ PL VHPEUD OHFLWR VSLHJDUH XQ IHQRPHQR VWRULFR
L ULSDUL $OORUD L FRQVLJOL GL VDJJH]]D QRQ VHUYRQR SLº H ELVRJQD WURYDUH OD IRU]D GL UHVLVWHUH DQFKH LQ TXHVWR OD
FRQWUROߞLQWHURJHQHUHXPDQRFKHULFRQRVFHYDQHJOLHEUHLDOFXQLVXRLVWHVVLGLIHWWLHFKHRGLDQGRJOLHEUHLRGLDYDVH
SLHGLHIDFHQGRVLFKLDPDUHFRQDOWULQRPLRSSXUHSX²VFDWHQDUVLGDOOߞLQWHUQRFRQXQDYLROHQ]DWDOHGDVEDUDJOLDUHWXWWL
VWHVVROߞ(URHSURIHWL]]DWRGD1LHW]VFKHLO6XSHUXRPRUHGHQWRUHGHOOD*HUPDQLD
6XOOߞRULJLQHGHOVXRRGLRFRQWURJOLHEUHLVL¨VFULWWRPROWR6L¨GHWWRFKH+LWOHUULYHUVDYDVXJOLHEUHLLOVXRRGLR
FKLDUR FKH TXHVWD ULFHWWD ¨ WURSSR VHPSOLFH SHU EDVWDUH LQ WXWWL L FDVL XQ QXRYR IDVFLVPR FRO VXR VWUDVFLFR GL LQWROOHUDQ]DGLVRSUDIID]LRQHHGLVHUYLWºSX²QDVFHUHIXRULGHOQRVWURSDHVHHGHVVHUYLLPSRUWDWRPDJDULLQSXQWDGL
DSRFRHVHQ]DVFRUFLDWRLHFRQORVWXGLRODGLVFXVVLRQHHLOUDJLRQDPHQWRHFKHSRVVRQRHVVHUHYHULILFDWHHGLPRVWUDWH
SRSRORWHGHVFRHGDTXHVWRULWRUQDYDQRDOXLPROWLSOLFDWHFRQIHUPDQGRORQHOODVXDFRQYLQ]LRQHGHOLUDQWHGLHVVHUHOXL
PHJOLRDFFRQWHQWDUVLGLDOWUHYHULW SLºPRGHVWHHPHQRHQWXVLDVPDQWLTXHOOHFKHVLFRQTXLVWDQRIDWLFRVDPHQWHDSRFR
VDUHEEHODSHUVRQDOLW VWHVVDGL+LWOHUHODVXDSURIRQGDLQWHUD]LRQHFROSRSRORWHGHVFRFHUWRFKHOHVXHSHUVRQDOL
RVVHVVLRQLODVXDFDSDFLW GߞRGLRODVXDSUHGLFD]LRQHGLYLROHQ]DWURYDYDQRVIUHQDWDULVRQDQ]DQHOODIUXVWUD]LRQHGHO
VHFLHVDOWDQRSHUODORURVHPSOLFLW HLOORURVSOHQGRUHDQFKHVHOHWURYLDPRFRPRGHSHUFK©VLDFTXLVWDQRJUDWLV
SRVWXODQGRODFRPELQD]LRQHGLPROWLIDWWRULGLYHUVLLQVXIILFLHQWLVHSUHVLVLQJRODUPHQWHHLOPDJJLRUHGLTXHVWLIDWWRUL
COPIA NON VENDIBILE
LQFRQWUROODWD FKH PL SDUH XQLFD QHOOD VWRULD 4XHVWD IROOLD FROOHWWLYD TXHVWR VEDQGDPHQWR YLHQH GL VROLWR VSLHJDWR
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
1RYHPEUH
VSLULWXDOH
IO D U E T S BIL I R D E P EN O V T N S TE NO
35,02/(9,
GHOOH FRVH H GL VRWWUDUPL FRV D TXHOOD WRWDOH XPLOLD]LRQH H GHPRUDOL]]D]LRQH FKH FRQGXFHYD PROWL DO QDXIUDJLR
FRQVHUYDWDGLULFRQRVFHUHVHPSUHDQFKHQHLJLRUQLSLºVFXULQHLPLHLFRPSDJQLHLQPHVWHVVRGHJOLXRPLQLHQRQ
DYHYDPR DVVLVWLWR H FKH DYHYDPR VRSSRUWDWH ( IRUVH KD JLRFDWR LQILQH DQFKH OD YRORQW FKH KR WHQDFHPHQWH
VROWDQWRGLVRSUDYYLYHUHFKHHUDFRPXQHDPROWL PDGLVRSUDYYLYHUHDOORVFRSRSUHFLVRGLUDFFRQWDUHOHFRVHDFXL
PHVLGLSULJLRQLD)RUVHPLKDDLXWDWRDQFKHLOPLRLQWHUHVVHPDLYHQXWRPHQRSHUOߞDQLPRXPDQRHODYRORQW QRQ
DOOHQDPHQWRDOODYLWDGLPRQWDJQDHGLOPLRPHVWLHUHGLFKLPLFRFKHPLKDFRQFHVVRTXDOFKHSULYLOHJLRQHJOLXOWLPL
TESTO PER STUDIO UNITO
GL&HVDUH6HJUH
TESTO PER STUDIO UNITO
3RVWID]LRQH $XVFKZLW]RUULELOHODERUDWRULRVRFLDOH
COPIA NON VENDIBILE
COPIA NON VENDIBILE
PDWULFROD7RSRJUDILDGHOFDPSRLQUDSSRUWRFRQODSURYHQLHQ]DHOHJHUDUFKLHGHLSULJLRQLHUL
>,, @ ߚ 6XO IRQGR 3ULPR FRQWDWWR FRO /DJHU ,QVHULPHQWR WUD L SULJLRQLHUL FRPSUHVR LO WDWXDJJLR GHO QXPHUR GL
SULPDGHOODGHSRUWD]LRQHYLDJJLRHDUULYRDG$XVFKZLW]
>, @ߚ,OYLDJJLR3UHPHVVHVXOODFDWWXUDGHOOߞDXWRUH6XDSULJLRQLDQHOFDPSRGLFRQFHQWUDPHQWRGL)RVVROL/DQRWWH
6HJXHQGRLWLWROLHLOFRQWHQXWRGHLFDSLWROLULVXOWHU FKLDURLOGLVHJQRGHOOߞRSHUD
GHOOߞRSHUDRULJLQDOHPD¨XQߞDJJLXQWDULVDOHQWHDO
PHVVD DG HSLJUDIH H D XQD EUHYH 3UHID]LRQH VHJXRQR GLFLDVVHWWH FDSLWROL QRQ QXPHUDWL Oߞ$SSHQGLFH QRQ ID SDUWH
)RQGDQGRVLQDWXUDOPHQWHVXOODUHGD]LRQHGHILQLWLYDVLSX²GHVFULYHUHFRVLOOLEURDXQDSRHVLDGHOORVWHVVR/HYL
2UJDQL]]D]LRQHGHLFDSLWROL
/DVWUXWWXUD
ULYHODWRUH
0RQRZLW]$XVFKZLW]$OWD6OHVLD VXOOD ULYLVWD l0LQHUYDPHGLFD{ 8QFRQIURQWRFRQ6HTXHVWR¨XQXRPR TXHVWR¨XQ TXHVWR¨XQXR VDUHEEH DUHEEH HEEH
'H %HQHGHWWL XQ 5DSSRUWR VXOOD RUJDQL]]D]LRQH LJLHQLFRVDQLWDULD GHO FDPSR GL FRQFHQWUDPHQWR (EUHL GLL UDPHQWR DPHQWR SHU (
EHQSLºFKHXQDFXULRVLW ODQRWL]LDFKH/HYLSULPDGL6HTXHVWR¨XQXRPRDYHYDJL SXEEOLFDWRFRQ/HRQDUGR DWRFRQ/H DWRFRQ/HRQ
3LHUDOEHUWR0DUFK©XVFQHOODl&ROOH]LRQHGLWHDWUR{
D FXUD GL 0 %HOSROLWL H FRQ LQWURGX]LRQH GL ' 'HO *LXGLFH 8QD YHUVLRQH GUDPPDWLFD VFULWWD GD /HYL FRQ FR
DSUHLOYROXPH,GHOOH2SHUHGL3ULPR/HYLQHOODl%LEOLRWHFDGHOOߞ2UVD{ HLOYROXPH,GHOOH2SHUHGHOODl1XH{ 1XH{
PR 2SHUH XQLWRD/DWUHJXDQHLl6XSHUFRUDOOL{ HLQl(LQDXGL7DVFDELOL{ ,QILQH 6HTXHVWR¨XQXRPR
GHOOߞDXWRUH QHOOD ULVWDPSD GHO IX DJJLXQWD XQD IRQGDPHQWDOH $SSHQGLFH SRL ULSURGRWWD QHO YROXPH , GHOOH
l&RUDOOL{ QHL l1XRYL &RUDOOL{ QHOOH l/HWWXUH SHU OD VFXROD PHGLD{ FRQ SUHVHQWD]LRQH H QRWH
6HQ]D GLOXQJDUVL VXOOH ULVWDPSH YD GHWWR FKH 6H TXHVWR ¨ XQ XRPR IX SRL SXEEOLFDWR VHPSUH GD (LQDXGL QHL
$OWUHLQVHU]LRQLLQWHQVLILFDQRLOQXPHURHLOULOLHYRGHOOHDOOXVLRQLGDQWHVFKH
SUHDPERORFROEUHYHUDFFRQWRGHOOHYLFHQGHGL/HYLSULPDGHOOߞDUULYRDOFDPSRGLVPLVWDPHQWRGL)RVVROL0RGHQD
VWUDQLHUL/ߞLQWHUYHQWRSLºLPSRUWDQWH¨OߞDJJLXQWDGHOFDSLWROR>,,, @,QL]LD]LRQH SXUH QRWHYROH SURSULR DOOߞLQL]LR LO
QRWHYROLDPSOLDPHQWL ROWUH D RSHUDUH XQD FRPSOHWD UHYLVLRQH JUDILFD DWWHQWD LQ SDUWLFRODUH D SDUROH H QRPL SURSUL
ULSURSRQHOߞRSHUDD(LQDXGLFKHODSXEEOLFDQHLl6DJJL{ )UDODSULPDHODVHFRQGDHGL]LRQH/HYLLQWURGXVVH
QHOOH HGL]LRQL 'H 6LOYD GL 7RULQR l%LEOLRWHFD /HRQH *LQ]EXUJ{ SURSULHW GL $QWRQLFHOOL 6ROR QHO /HYL
COPIA NON VENDIBILE
>9,,, @ߚ$OGLTXDGHOEHQHHGHOPDOH(FRQRPLDGHO/DJHUWUDIILFLIXUWLHGHVSHGLHQWL
>9,, @ߚ8QDEXRQDJLRUQDWD,OSDHVDJJLRHLPRPHQWLGLUHTXLH
>9, @ߚ,OODYRUR'HVFUL]LRQHGLXQDJLRUQDWDWLSRGLODYRURDOFDQWLHUH,OSUREOHPDGHOOHODWULQH
>9 @ߚ/HQRVWUHQRWWL5LHQWURGL/HYLGDOOߞLQIHUPHULDDLFDSDQQRQLGHO%ORFN&RPHSDVVDQROHQRWWLLGHSRUWDWL
>,9 @ߚ.D%H,OODYRUR/HYL¨ULFRYHUDWRLQLQIHUPHULD&RQGL]LRQLGLYLWDQHOOߞLQIHUPHULD
>,,, @ߚ,QL]LD]LRQH/DFRQIXVLRQHGHOOHOLQJXH,OUDQFLRLOODYDWRLRHLSUREOHPLLJLHQLFL
TESTO PER STUDIO UNITO
4XHVWR¨LOSULPROLEURGL/HYLFKLPLFRGLYDVWDFXOWXUDDQFKHXPDQLVWLFDPDVHQ]DDPEL]LRQLOHWWHUDULHDOPHQR
6HTXHVWR¨XQXRPRHJOLDOWULVFULWWLGL/HYLVXO/DJHU
VHFRQGDHGL]LRQH
1DWXUDOPHQWH OߞLQL]LR ¨ SXUH GLDULVWLFR PD QRQ D FDVR OD SULPD SDJLQD FRPH Vߞ¨ GHWWR ¨ VWDWD DJJLXQWD VROR QHOOD
JHQHUDOHXQLQWHQVRWUDWWDWRVXOODYLWDHODPRUWH QHO/DJHUHSHUDOWUHRVVHUYD]LRQLVXOODVWUXWWXUDGHOWHVWRFIUh
DOOR VFRSR GL ILVVDUH LPPHGLDWDPHQWH OߞRUGLQH GHL ULFRUGL PHQWUH L SUHFHGHQWL VRQR LO ULVXOWDWR GL XQߞRUJDQL]]D]LRQH
SHUPHWWHGLULWHQHUHFKHSUHFLVDQGRXQDGLFKLDUD]LRQHGL/HYLVWHVVR JOLXOWLPLFDSLWROLVLDQRVWDWLVFULWWLSHUSULPL
HSDU]LDOPHQWH>,9 @H>9 @ HGRSRODPHW GHOOLEURGDO>; @DO>;9,, @ FRQUDUHHPHUJHQ]HQHJOLDOWULFDSLWROL4XHVWR
QRUPDOHTXHOOHQDUUDWLYHGLDULVWLFKH$SSDUHVXELWRFKHORVFKHPDGHOGLDULR¨SUHYDOHQWHDOOߞLQL]LRFDSLWROL>, @H>,, @
+RGLIIHUHQ]LDWRFRQFDUDWWHULVSD]LDWLOHSDUWLGHOOLEURGLFDUDWWHUHSLºGHVFULWWLYRRULIOHVVLYRODVFLDQGRLQVSD]LR
>;9, @ߚ/ߞXOWLPR(VSHGLHQWLTXRWLGLDQL/ߞLPSLFFDJLRQHGLXQDPPXWLQDWR
5DSSRUWLFROSHUVRQDOHFLYLOHGHOODERUDWRULR
>;9 @ߚ'LHGUHL/HXWHYRP/DERU$OWULODYRULSHVDQWLQHO.RPPDQGR/HYL¨VFHOWRFRPHRSHUDLRVSHFLDOL]]DWR
>;,9 @ߚ.UDXV&RQWLQXDQROHVRIIHUHQ]HSHULOIUHGGR(SLVRGLRGHOGHSRUWDWR.UDXV
;,,, @ߚ2WWREUH6RIIHUHQ]HSRUWDWHGDOOߞLQYHUQRHLQWHQVLILFD]LRQHGHOOHVHOH]LRQLSHULOFUHPDWRULR ; >;,
5HD]LRQLSVLF 5HD]LRQLSVLFRORJLFKHGHLFLYLOLWHGHVFKLGLIURQWHDXQDSRVVLELOHVFRQILWWD
IDW GHOOߞHVWDWH 1HOOߞDJRVWR L ERPEDUGDPHQWL DOOHDWL LQWHUURPSRQR L ODYRUL QHO .RPPDQGR >;,, @ ߚ , IDWWL
GHSR GHS IUDQFHVHVRSUD GHSRUWDWRIUDQFHVHVRSUDQQRPLQDWR3LNRORLOFDQWRGL8OLVVH,QIHUQR;;9,
@ߚ,OFDQWRGL8OLVVH'RSRODSXOLWXUDGLXQDFLVWHUQDGXUDQWHLOWUDVSRUWRGHOOD]XSSD/HYLUHFLWDHVSLHJDDO @ DQWRGL8OLVVH QWRGL8OLVVH >;, @ߚ
KLPLFDLQYLVWD QVXRLP FKLPLFDLQYLVWDGLXQVXRLPSLHJRQHO.RPPDQGR
ߚ ߚ(VDPHGLF (VDPHGL >; @ߚ(VDPHGLFKLPLFD/HYLFRQDOWULFRPSDJQLYLHQHFRQGRWWRDO.RPPDQGR&KLPLFRSHUDIIURQWDUHOߞHVDPHGL
DWWURSHUVRQDJJ ULWUDWWRGLTXDWWURSHUVRQDJJL
PHUVL HUVL HLVDOYDWL/DORWWDSHUODVRSUDYYLYHQ]DQHO/DJHU7LSRORJLDGHLFRPSRUWDPHQWLIRQGDWDVXO HLV HLVDO >,; @ߚ ,VRPPHUVL
IO D U E T S BIL I R D E P EN O V T N S TE NO
,OOLEURVHJQDODWRQHOGD)UDQFR$QWRQLFHOOLDOODFDVDHGLWULFH(LQDXGLYHQQHULILXWDWRHSXEEOLFDWRQHO
(GL]LRQLHUHGD]LRQL
TESTO PER STUDIO UNITO
SULJLRQLHULVLULIXJLDQRQHOlWRUSRUHRSDFRGHOOHEHVWLHGRPDWHFRQOHSHUFRVVHDFXLQRQGROJRQRSLºOHSHUFRVVH{, SULJLR SULJL
QD]LVWLKDQQRYROXWRFRVWUXLUHXQDPDFFKLQDFKHUHQGHVVHDELHWWLJOLHVVHULSULPDGLWXWWLJOLHEUHLFKHJL HUDQRVWDWL QD Q
IDWWRFKHPHQWUH6HTXHVWR¨XQXRPR¨YHULWLHURLQRJQLSDUWHHGHVFOXGHOߞLQYHQ]LRQHOߞDOWUROLEURSXUEDVDWRVXIDWWL RVXID RVXIDWWL
VWRULFDPHQWHGRFXPHQWDWL¨LQYHQWDWRLQWXWWLLSDUWLFRODUL
COPIA NON VENDIBILE
PDQFD DO FRQWUDULR VL VYLOXSSD LO WRQR HVRUWDWLYR GDO 9RL LQL]LDOH ULSUHVR DQDIRULFDPHQWH QHO WHU]R YHUVR DJOL
OߞHVRUWD]LRQHDQRQGLPHQWLFDUHHDWUDVPHWWHUHDLILJOLTXHVWDQR]LRQHEDVLODUH 1HOODSRHVLDGL/HYLOߞDWWRGLIHGH
HEUHL XQD VSHFLH GL DWWR GL IHGH LQL]LD FRQ OH SDUROH l$VFROWD ,VUDHOH LO 6LJQRUH 'LR QRVWUR ¨ XQR{ WHUPLQD FRQ
TXHVWR ¨ XQ XRPR GDWDWR GLFHPEUH JHQQDLR 9D SUHPHVVR FKH VKHP ¨ OߞRUD]LRQH IRQGDPHQWDOH GHJOL
GL%UHPD FROWLWROR6KHP (VVHQGRGDWDWDJHQQDLRGHYߞHVVHUHVWDWDVFULWWDGXUDQWHODVWHVXUDGL6H
$OWURFLGLFHODSRHVLDFKHIDGDHSLJUDIHDOYROXPH(VVD¨ULSRUWDWDVHQ]DWLWRORHIXSXUHSXEEOLFDWDQH/ߞRVWHULD
FRPSRUWDPHQWRXPDQRLQFRQGL]LRQLHFFH]LRQDOL UDFFRQWDUHSHUOLEHUDUVLGHOOߞRVVHVVLRQH
HVWUHPD PRVWUDUH DQFKH SHU SRWHUOH SUHYHQLUH OH SHJJLRUL FRQVHJXHQ]H GHOOD [HQRIRELD PHGLWDUH VXO
LPPHGLDWR H YLROHQWR{ D UDFFRQWDUH OD SURSULD HVSHULHQ]D 'XQTXH TXDWWUR VFRSL GRFXPHQWDUH XQߞHVSHULHQ]D
WHUPLQHGHOODFDWHQDVWDLO/DJHU{5LFRQRVFHLQILQHLOELVRJQRGLlOLEHUD]LRQHLQWHULRUH{FRQVHJXHQ]DGHOOߞlLPSXOVR
GLYHQWLXQlVLVWHPDGLSHQVLHUR{lTXDQGRLOGRJPDLQHVSUHVVRGLYHQWDSUHPHVVDPDJJLRUHGLXQVLOORJLVPRDOORUDDO
1HOOR VWHVVR WHPSR GHQXQFLD VHPSUH QHOOD 3UHID]LRQH OH FRQVHJXHQ]H GL RJQL FRQFH]LRQH [HQRIRED 4XDQGR HVVD QFH ED 4
GLFKLDUDQHOOD3UHID]LRQHFKHLQWHQGHlIRUQLUHGRFXPHQWLSHUXQRVWXGLRSDFDWRGLDOFXQLDVSHWWLGHOOߞDQLPRXPDQR{ GLDOFXQ GLDOFXQLD GHOOߞDQLPR GHOOߞDQLPRX
,O OLEUR GL /HYL KD DPEL]LRQL SLº DOWH FKH TXHOOD GL FRQWULEXLUH DOOD OHWWHUDWXUD XUD VXL FDPSL GL DQQLHQWDPHQWR QLHQWDPHQWR LHQWDPHQWR (JOL (
0RWLYD]LRQLGHOODVFULWWXUD
/DWHPDWLFD
GREELDPR GLYHQWDUH{ $OOD ILQH TXDQGR OD OLEHUD]LRQH VߞLQWUDYYHGH H JOL DJX]]LQL LQILHULVFRQR PDJJLRUPHQWH L GREELDPR
LPSHGD/HYLGLPHWWHUHLQDWWR/DVLPPHWULD¨VRWWROLQHDWDGDGXHHOHPHQWLOߞLQL]LRGLHQWUDPELLOLEULFRQXQ6HHLO 6HHLO 6H HLO
'LIHVDGHOODGLJQLW
SDUWLFRODUL
TESTO PER STUDIO UNITO
/H PRWLYD]LRQL ULYHODQR GXQTXH JL L SULQFLSDOL WHPL GL 6H TXHVWR ¨ XQ XRPR 0D YHGLDPR DOFXQL VYLOXSSL
RYXQTXH{
VXFFHVVLYR@LRRJJLORJLXGLFROXLH3DQQZLW]HJOLLQQXPHUHYROLFKHIXURQRFRPHOXLJUDQGLHSLFFROLLQ$XVFKZLW]H
DVVDL VWXSLWR OߞLQQRFHQWH EUXWR $OH[ VH TXDOFXQR JOL GLFHVVH FKH DOOD VWUHJXD GL TXHVWR VXR DWWR >TXL QHO SDUDJUDIR
IRVVL'LRVSXWHUHLDWHUUDODSUHJKLHUDGL.XKQ{$QDORJDPHQWHGRSROߞHVDPHGLFKLPLFD/HYLFRQFOXGHlHVDUHEEH
lQHVVXQD SUHJKLHUD SURSL]LDWRULD QHVVXQ SHUGRQR QHVVXQD HVSLD]LRQH GHL FROSHYROL{ /HYL FRQFOXGH VHYHUR l6H LR
VDOYH]]DFRUULVSRQGHODFRQGDQQDGLDOWULHFKHOߞDERPLQLRDFXLHQWUDPELKDQQRDVVLVWLWRQRQSX²HVVHUHULVDQDWRGD
UHOLJLRVR .XKQ FKH ULQJUD]LD 'LR SHUFK© QRQ ¨ VWDWR VFHOWR LQ XQD VHOH]LRQH SHU LO FUHPDWRULR ULFRUGD FKH DOOD VXD
PXWDUH GHL WHPSL YHUEDOL GRPLQD SXU UDULVVLPR OߞLR JLXGLFDQWH SDFDWR PD VHYHUR FRPH TXDQGR D SURSRVLWR GHO
VHJQLGLTXHVWߞDOWHUQDQ]DGLPRGLGLFRPXQLFDUHVRQRHYLGHQWLORYHGUHPRPHJOLRQHOh6XOOHYDULHSHUVRQHHQHO
UDPPHPRUD]LRQHHUHIHUHQ]LDOLW HPRWLYLW HYDOXWD]LRQHSHUVXDVLRQHHDPPRQLPHQWR$QFKHJUDPPDWLFDOPHQWHL
YLEUD OߞHVRUWD]LRQH DO OHWWRUH SHUFK© ULIOHWWD FRQVLGHUL GHGXFD 6ߞDOWHUQDQR GXQTXH LQ PRGR FRPSOHVVR
ULFRUGRHUHODWLYDQDUUD]LRQH FLUFRQIXVRGLVHQWLPHQWLHDWPRVIHUHSRLVLIDXGLUHLOJLXGL]LRSDFDWRHLQHVRUDELOHH
3RHVLDH3UHID]LRQHSUHDQQXQFLDQRLQVRVWDQ]DLOVDSLHQWHDFFRVWDPHQWRWUDPRGLGLFRPXQLFDUHVHDOODEDVHFߞ¨LO
SUHOLPLQDUPHQWHGLFKLDUDWLDELHWWL
YDUL FRPSRUWDPHQWL GHJOL +¤IWOLQJH GHL SULJLRQLHUL /HYL DGGLWD FRPH SULQFLSDOH FROSD GHL QD]LVWL OߞDYHU UHVR L WLSL SL GL FRPSR FRPS
PHQRXRPLQLRQRQXRPLQLOHORURVWHVVHYLWWLPHlLO/DJHU¨XQDJUDQPDFFKLQDSHUULGXUFLDEHVWLHQRLEHVWLHQRQ PHQRXRPLQL PHQRXRPLQL
FRQVDSHYROH]]D FR HYROH]]D YROH]]D FKH JJUXSSL SROLWLFL R QD]LRQDOL SRVVRQR FRQWLQXDPHQWH DWWHQWDUH DOOߞLPSHUDWLYR VWHVVR 'HVFULYHQGR
8FUDQLD SRUWDQGR D WHUPLQH LO SURJHWWR UHVLVWHQ]LDOH LPSOLFDQWH XQR VFRQWUR GLUHWWR FRQ L WHGHVFKL FKH OD FDWWXUD WXUD XUD
XPDQL GL FXL XPDQL XP L SXUH KD VVSHULPHQWDWR OD IUDJLOLW ,O ULVSHWWR GHOOߞLPSHUDWLYR NDQWLDQR QRQ SX² SUHVFLQGHUH GDOOD
GHOFDSLWROR>,; @ GL 6H TXHVWR ¨ XQ XRPR H OD SUREOHPDWLFD PRUDOH GL WXWWR LO OLEUR 9D SRL QRWDWR FKH 6H QRQ RUD
TXDQGR" ¨ LQ FHUWR PRGR LO ULVDUFLPHQWR GL TXDQWR ULHYRFDWR LQ 6H TXHVWR ¨ XQ XRPR OߞDXWRUH SDUWHFLSD
PHGLDQWHLOVXRUDFFRQWRDOOHLPSUHVHGLXQJUXSSRGLSDUWLJLDQLHEUHLFKHORWWDQRFRQWURLWHGHVFKLIUD%LHORUXVVLDH
&KH /HYL DDEELD XVDWR XQ DDWWR GL IHGH WUDGL]LRQDOH VRVWLWXHQGR DO VXR IXOFUR LGHRORJLFR HVLVWHQ]D H XQLW GL 'LR
YHULW GHOOD%LEELD W GHOOD%LEELD
GHO/DJHULQFRQWURFRQODIDPLJOLDGLXQSHUVRQDJJLRVHFRQGDULRGL6HTXHVWR¨XQXRPR,OFRPDQGDQWHGL$XVFKZLW]
OߞREEOLJRGHOULFRUGRGHOOD6KRDK¨VLJQLILFDWLYRGHOODVXDSRVL]LRQHGLQRQFUHGHQWHHGHOODVXDIHGHODLFDQHLYDORUL OߞREEOLJRG REEOL FRUGRGHOOD6K FRUGRGHOOD 6K
GHOOߞXRPR{XQYDQJHORQHJDWLYRFKHVPHQWLVFHTXHOORVWRULFRFRVFRPHLOQXPHURWDWXDWRVXOEUDFFLRFRQWLHQHSLº PR{XQYDQJH
ODERUDWRULRSHUFL²DQFKHSHU/HYL,QILQHHVRSUDWWXWWRYDFLWDWR,VRPPHUVLHLVDOYDWL FKHULSUHQGHLOWLWROR
LQVLHPH FRO VHJQR LPSUHV LPSUHVVR QHOOD FDUQH OD PDOD QRYHOOD GL TXDQWR DG $XVFKZLW] ¨ EDVWDWR DQLPR DOOߞXRPR GL IDUH
FRPSRUWDPHQWRQHOODERUDWRULRGL%XQDPRVWU²ODVXDYLOW 3LSHWWDGDJXHUUDFRQXQHSLVRGLRGL/DJHU8QߝJLDOORߞ
VXO PDJJLRUH 5LFKDUG %DHU FKH LQWDVFDYD LO PHVFKLQR VDODULR YHUVDWR GDOOD , * )DUEHQLQGXVWULH SHU JOL VFKLDYL GHO
FL QDVFRQGLDPR KDQQR FRQVHJXHQ]H GHFLVLYH QHOOD YLVLRQH GHOOD UHDOW FRPXQLFDUOH ¨ lSRUWDUH DO PRQGR R H FKH KDQ KDQQ
HSUDWLFDPHQWHQXWULWR/HYLULVFKLDQGRODYLWD6HTXHVWR¨XQXRPRFDSLWROR>;,, @ 1RQPHQRULFFR5DFFRQWLHVDJJL
FRQ L FDSLWROL $XVFKZLW] FLWW WUDQTXLOOD VXO GRWWRU 0HUWHQV FKLPLFR H lEXRQ{ FLWWDGLQR WHGHVFR LO FXL
IO D U E T S BIL I R D E P EN O V T N S TE NO
,O ULFRUGR FRPH ELVRJQR H FRPH REEOLJR /R GLFKLDUD DQFKH LO YROLWLYR H[ VHUJHQWH 6WHLQODXI lVL GHYH YROHU VRSUDYYLYHUHSHUUDFFRQWDUHSHUSRUWDUHWHVWLPRQLDQ]D{&L²VLJQLILFDDQFKHUHQGHUQRWHYHULW FKHQHOODYLWDFRPXQH DFFRQWD DFFRQWDU
RPDJJLRDOOHYLWWLPHPDODEDVHSHUSUHYHQLUHXQDSRVVLELOHULSHWL]LRQHGHOOߞRUURUH
ODERUDWRULR *UDQ SDUWH GHOOH SRHVLH GH /ߞRVWHULD GL %UHPD VL ULIHULVFRQR DOOߞHVSHULHQ]D FRQFHQWUD]LRQDULD
%XQD 6KHP $O]DUVL 2VWMXGHQ ,O WUDPRQWR GL )²VVROL HFF FKH ULWRUQD DQFRUD QHOOH SRHVLH VXFFHVVLYH FRPH
>,; @GL6HTXHVWR¨XQXRPRH,OULWRUQRGL/RUHQ]RXQODYRUDWRUHFLYLOHFKHDG$XVFKZLW]DYHYDDLXWDWRPRUDOPHQWH
EHVWLDOLDJX]]LQL&ߞ¨XQߞLQXPDQLW FKHGDOFHQWURWUDYROJHWXWWL/ߞHVRUWD]LRQHDPHGLWDUHHULFRUGDUHQRQ¨VRORXQ
HSLVWRODUL RFFRUVL QHO FRO GRWWRU /RWKDU 0¼OOHU FKH QHO /DJHU FRQWUROODYD D YROWH LO ODYRUR GL /HYL QHO
1DFKWZDFKH 3DVVDQGRD/LOW VߞLQFRQWUDQRFDSLWROLFRPH,OQRVWURVLJLOORLQFXLVLULYHGHOߞ(OLDVGHOFDSLWROR
VXJJHULWRGD$QWRQLFHOOL/HYLSHQVDYDDXVDUHLOWLWRORGHOFDSLWROR>,; @ DVVXPHODVXDFRPSOHWDSRWHQ]LDOLW LQYLWRD ULIOHWWHUH VXOOߞRIIHVD DOOߞXRPR HVHUFLWDWD GDO /DJHU H LQ JHQHUDOH VXOOD GLVXPDQL]]D]LRQH GHJOL VFKLDYL DG RSHUD GHL
FDSLWROL&HULRH9DQDGLR LQFXLVLULHYRFDDQFRUDOߞDPLFL]LDFRQ$OEHUWRLQ%XQD$XVFKZLW]HVLQDUUDQRLFRQWDWWL
, YY FRQWHQJRQR XQD VLQWHVL GHOOD YLWD H GHOOD PRUWH QHO /DJHU YHUVL SHU JOL XRPLQL SHU OH GRQQH ,PSRUWDQWH SHU QRL OD IRUPD VLQWDWWLFD l&RQVLGHUDWH VH TXHVWR ¨ XQ XRPR >ߨ@{ &RV LO WLWROR GHO OLEUR FKH IX
DO]DQGRYL{ HVLFRQFOXGHFRQXQDVSHFLHGLPDOHGL]LRQHSHUFKLQRQREEHGLU $FKHFRVD"$OOߞREEOLJRGHOULFRUGR
*UDQGH ROWUHFKHQHOOߞLQL]LRGHOWHU]R,OJUHFR VLVYROJHDQFRUDDG$XVFKZLW],OVLVWHPDSHULRGLFR FRQWLHQH
GHO WHVWR HEUDLFR lTXHVWH SDUROH _ VFROSLWHOH QHO YRVWUR FXRUH _ VWDQGR LQ FDVD DQGDQGR SHU YLD _ FRULFDQGRYL
/DJHU 1HOOߞRUGLQH ULFRUGHU² FKH /D WUHJXD UDFFRQWR GHO FRPSOLFDWR H DYYHQWXURVR ULWRUQR LQ ,WDOLD GHOOR
VFULWWRUH¨XQDYHUDHSURSULDFRQWLQXD]LRQHGL6HTXHVWR¨XQXRPRHQHLSULPLGXHFDSLWROL,OGLVJHOR H ,O &DPSR
LPSHUDWLYL&RQVLGHUDWHGXHYROWH 0HGLWDWH6FROSLWHOH5LSHWHWHOHLQSDUWLFRODUHLYYVRQRWUDGX]LRQHIHGHOH
PHVWLHUHHIDUVLHVFOXVLYDPHQWHVFULWWRUH&RQXQDWHPDWLFDPROWRYDULDPDVSHVVRULWRUQDQWHDOSHULRGRGHFLVLYRGHO
COPIA NON VENDIBILE
VLQR DOORUD 6HJXLURQR LQYHFH QXPHURVL DOWUL VDJJL UDFFRQWL H URPDQ]L H /HYL ILQ SHU DEEDQGRQDUH LO VXR SULPDULR
TESTO PER STUDIO UNITO
DELWXGLQLKD/RVJXDUGRFKHVLVFDPELDQRGLFHlQRQFRUVHIUDGXHXRPLQLHVHLRVDSHVVLVSLHJDUHDIRQGRODQDWXUD GLTXHOORVJXDUGRVFDPELDWRFRPHDWWUDYHUVRODSDUHWHGLYHWURGLXQDFTXDULRWUDGXHHVVHULFKHDELWDQRPH]]LGLYHUVL DYUHLDQFKHVSLHJDWROߞHVVHQ]DGHOODJUDQGHIROOLDGHOODWHU]D*HUPDQLD{
.DSR GL /HYL FKH HVVHQGRVL VSRUFDWR OH PDQL GL JUDVVR VFDYDOFDQGR XQ ILOR GߞDFFLDLR VH OH SXOLVFH VXO GRUVR GHO
SULJLRQLHURSHUVLQRlVHQ]DRGLRHVHQ]DVFKHUQR{
&RPSDJQL LR VRQR OߞXOWLPR { FRQVDSHYROH FKH RUPDL JOL DOWUL SULJLRQLHUL VRQR GRPDWL VSHQWL GHJQL GHOOD PRUWH RUWH
ULVHUYDWDJOLIUXWWHU JORULDHQRQLQIDPLD{3ULPDGLPRULUHLOFRQGDQQDWRJULGDl.DPHUDGHQLFKELQGHU/HW]WHߙ
DWWXDUH XQD SXQL]LRQH HVHPSODUH QRQ FDSLVFRQR QHPPHQR FKH lOD PRUWH VROLWDULD OD PRUWH GL XRPR FKH JOL ¨ VWDWD
VDOWDUH FRQ L VXRL FRPSDJQL XQR GHL FUHPDWRUL YLHQH LPSLFFDWR DO FHQWUR GHO FDPSR , WHGHVFKL VRQR FRQYLQWL GL
FDUFHULHUL TXDQGR ¨ LQHYLWDELOH $ XQ HURH GHOOD GLJQLW ¨ GHGLFDWR OߞLQWHUR FDSLWROR >;9, @ /ߞLQVRUWR FKH KD IDWWR
FRQVHQVR{ GLVREEHGHQGR VH VL SX² REEHGHQGR PD FRO PLQLPR LPSHJQR H VHFRQGR YDORUL GLYHUVL GD TXHOOL GHL
QRQ FRPLQFLDUH D PRULUH{ /ߞXQLFD OLEHUW ULPDVWD DL SULJLRQLHUL H SUREDELOL PRULWXUL ¨ TXHOOD GL lQHJDUH LO QRVWUR
FDPPLQDUHGLULWWLHVHQ]DVWUDVFLFDUHJOL]RFFROLlQRQJL LQRPDJJLRDOODGLVFLSOLQDSUXVVLDQDPDSHUUHVWDUHYLYLSHU
RFFRUUH GDUH LO QHUR DOOH VFDUSH lQRQ SHUFK© FRV SUHVFULYH LO UHJRODPHQWR PD SHU GLJQLW H SHU SURSULHW { H
ULVXOWDQR IRQGDPHQWDOL JOL LQVHJQDPHQWL GHO VHUJHQWH 6WHLQODXI GHOOߞHVHUFLWR DXVWURXQJDULFR OXL VSLHJD D /HYL FKH
COPIA NON VENDIBILE
GHOOD IDPH GHJOL +¤IWOLQJH GL FXL KDQQR DGGLULWWXUD VFKLIR H FKH FKLDPDQR l6WLQNMXGH{ HEUHL SX]]ROHQWL $OWUL FDVL
UDJD]]HGHOODERUDWRULRWHGHVFKHHSRODFFKHFߞ¨XQEDUDWUREHQYHVWLWHTXHVWHIXPDQRHPDQJLDQRGROFLLQFXUDQWL
VFKLDYLHFRQVHUYDQRWUDQTXLOOLOHSURSULHDELWXGLQLLOSURSULREHQHVVHUHODSURSULDLQGLIIHUHQ]D7UDLSULJLRQLHULHOH
3HUFK©TXHLWHGHVFKLFHUWDPHQWHVDQQRWXWWRGLHOLPLQD]LRQLJDVVLILFD]LRQLHFUHPD]LRQLYHGRQRPRULUHGLIDPHLORUR
,QWHQVLVVLPDOߞDWWHQ]LRQHYHUVRLFLYLOLWHGHVFKLVSHFLHTXHOOLGHOODIDEEULFDGLJRPPDLPSLDQWDWDHQWURLOFDPSR
QD]LRQDOLW RFODVVHGLYHUVDGDOODVXD/RVIRU]RGLWUDVIRUPDUHLSULJLRQLHULLQEHVWLHKDUDJJLXQWRLQOXLODSHUIH]LRQH
OD YLWD ULYHUVD OߞRGLR FKH VHQWH SHU JOL DJX]]LQL DL FXL RUGLQL ¨ SURQR YHUVR L FRPSDJQL GL SULJLRQLD VSHFLH VH GL
&L²FKHLQWHUHVVD/HYL¨LOFDVRHVWUHPRTXHOORGHO.DSRLOSULJLRQLHURIDWWRVLVHUYRGHLFDUFHULHULFKHSXUGLFDPSDUH
FRSURQRWXWWDXQDJDPPDFKHQRQRFFRUUHULDVVXPHUHSDUFKLDURFKHXQDGRVHGLHJRLVPRVLDSUHVVRFK©QHFHVVDULD
PHJOLR IDUVL SLFFKLDUH FKH HVDXULUH OH IRU]H SHUFK© lGL ERWWH LQ JHQHUH QRQ VL PXRUH PD GL IDWLFD V{ , VDOYDELOL
QHVVXQR,QIDWWLDG$XVFKZLW]VߞLPSDUDDlIDUHHFRQRPLDGLWXWWRGLILDWRGLPRYLPHQWRSHUILQRGLSHQVLHUR{HG¨
VHPSUH QRQ UHDJLVFH Q© FRQ OߞD]LRQH Q© FRO SHQVLHUR OD VXD PRUWH ¨ VLFXUD DQFKH SHUFK© OD VXD YLWD LWD QRQ JLRYD D
$FKW]HKQ FKH KD SHUVLQR SHUGXWR LO QRPH H YLHQH GHVLJQDWR FRO QXPHUR GL PDWULFROD REEHGLVFH WULFROD ROD ¨ TXHOOR XHOOR FKH R RE
@KDJL SUHVHQWDWRXQVRPPHUVR1XOO XQVRPPHUVR VRPPHUVR l2UJDQLVDWRU{XQl.RPELQDWRU{PHJOLRDQFRUDXQl3URPLQHQW{,OFDSLWROR>,9 @KDJL SUHVHQ
QHO /DJHU R VL GLYHQWD XQ l0XVHOPDQQ{ XQ YLQWR XQ VRPPHUVR R FL VL VDOYD LPSURYYLVDQGRVL PSURYYLVDQGRV R ILQJHQGRVL QJHQGRVL XQ X
VWXGLRVXOODlORWWDSHUODYLWD{RlSHUVRSUDYYLYHUH{FRQWHUPLQRORJLDQRQDFDVRGDUZLQLDQD,QVRVWDQ]DGLFH/HYL ZLQLDQD,QVRVW LQLDQD,QVR GLFH/HYL GLFH/HYL
, @ ,O >,; @ ¨ XQ Q YHUR DFTXLVWDQR TXDVL VHPSUH XQD IXQ]LRQH HVHPSODUH SRVLWLYD R QHJDWLYD 7LSLFL L FDSLWROL >,9 @H>,;
6H TXHVWR ¨ XQ XRPR RIIUH XQD JDOOHULD GL SHUVRQDJJL WDORUD EUHYL DSSDUL]LRQL WDORUD ILJXUH WRQGR (VVLL XUH UH D WXWWR WRQG
,SHUVRQDJJLGLIURQWHDOOߞHVWUHPR
LPPLQHQWH4XHVWDODGLVSHUD]LRQHGL/HYLPDJJLRUHGLRJQLDOWUDGLVSHUD]LRQH
6WUDRUGLQDULD LQ TXHVWD ORWWD GL WXWWL FRQWUR WXWWL DQFKH GL RJQL SULJLRQLHUR FRQWUR JOL DOWUL OD VRSUDYYLYHQ]D 6FKORPHFDS>,, @ DTXHOORFRQ.UDXVFDS> DTXH DTXHO ;,9 @ XQ VRPPHUVR XQR VFLRFFR GLYHQWDWR LPSURYYLVDPHQWH IUDWHOOR
GHOOߞDPLFL]LDFRPHTXHOODFRQ$OEHUWRRGLTXDOFKHPRYLPHQWRGLFRPSUHQVLRQHGLIUDWHUQLW XPDQDGDOGLDORJRFRQ
TESTO PER STUDIO UNITO
LQQXPHUHYROLXRPLQLQRQSURGXVVHPDLlXQFKLORJUDPPRGLJRPPDVLQWHWLFD{
GLVDVWUR ILQDOH ¨ UDSSUHVHQWDWR GDO IDWWR FKH OD IDEEULFD GL %XQD SHU OD TXDOH VL ODYRU² TXDWWUR DQQL H PRULURQR
SRHVLDLQHVHUJR 0HQWUHLOPDVVLPRGHOOߞLQVHQVDWH]]DOHJDWDDQFKHDOODIROOHWHVWDUGDJJLQHWHGHVFDSURWUDWWDVLQRDO
lPDQGDUHLQJDV{TXDOFXQRVDOYDUHSHULOPRPHQWRTXDOFKHDOWUROR+¤IWOLQJlPXRUHSHUXQVRSHUXQQR{GLFHOD
XRPLQL SHU XFFLGHUFL SRL OHQWDPHQWH{ /ߞDUELWULR ¨ PDVVLPR QHOOH VHOH]LRQL TXDQGR EDVWD XQ FHQQR GHOOߞ66 SHU
HVWUHPLLQVRSSRUWDELOL FRQYHUJRQRLQXQDlIROOLDJHRPHWULFD{HVSUHVVDGDOODULVROX]LRQHlGLDQQXOODUFLSULPDFRPH
LOߡQRQFHUFDUGLFDSLUHߢ{$UELWULRHRUJDQL]]D]LRQHFKH¨LQSDUWHGLVWDPSRPLOLWDUHVFRRFDUFHUDULRPDSRUWDWDD
LQFLVRVXOIRQGRGHOODJDPHOODl1HSDVFKHUFKHU FRPSUHQGUH{/RVWHVVR/HYLORULHFKHJJLDl/DQRVWUDVDJJH]]DHUD
PDLQRQGHYHVXFFKLDUHXQJKLDFFLRORIRUPDWRVLVXOODILQHVWUD (QHSUHQGRQRDWWRLSULJLRQLHULFRPH&ODXVQHUFKHKD
VLQJROLDJX]]LQLl+LHULVWNHLQ:DUXPߙ>TXLQRQFߞ¨SHUFK©@{JULGDXQFXVWRGHDOSURWDJRQLVWDFKHGRPDQGDSHUFK©
,QVHQVDWH]]DRDUELWULRQHLSDUWLFRODULGHOOߞHVHFX]LRQHGLXQGLVHJQRVSDYHQWRVDPHQWHULJRURVRQHVRQRSRUWDWRULL
/ߞDVVXUGR
IORVFLD{0DLODIDPHIXUDSSUHVHQWDWDFRVLFDVWLFDPHQWHFRPHGD/HYL
ERFFKHGHLSULJLRQLHULlVLVRFFKLXGRQRLSRPLGߞ$GDPRGDQ]DQRLQVXHSRLLQJLºPLVHUDPHQWHYLVLELOLVRWWRODSHOOH
GHQWDWH{ODYHGRQRlD]]DQQDUH{HSRLlYRPLWDUHLOERFFRQH{GDYDQWLDRJQLlPRUVR{GLTXHVWRlSDVWRGHOODGUDJD{OH
EHQQDFKHVSRVWDODWHUUDDUJLOORVDVLDQWURSRPRUIL]]DDJOLRFFKLDYLGLGHLSULJLRQLHULFKHOHDWWULEXLVFRQRlPDVFHOOH
ODEEUDHGLPHQDQROHPDVFHOOH6RJQDQRGLPDQJLDUH{SHUFHSLVFRQRSHUVLQROߞRGRUHlULFFRHYLROHQWR{GHOFLER(XQD
VDUF VDUFDVWLFDLOYHUERIUHVVHQLQYHFHGLHVVHQ 3HUVLQRQHOVRQQRODIDPH¨FRVRVVHVVLYDFKHLGRUPLHQWLlVFKLRFFDQROH
SDQHLQ SDQHLQSUH]LRVRRJJHWWRGLVFDPELRVSHVVRVHORUXEDQRDYLFHQGDFRPHDQLPDOLLO.DSRXVDSHUORURFRQHVDWWH]]D
SULJLRQLHU SULJLRQLHULO SULJLRQLHULODYRUDQRDWWHQGHQGRLOPRPHQWRGHOODPLVHUDELOH]XSSDFKHWUDOߞDOWUROLULHPSLHGLOLTXLGRWUDVIRUPDQRLO
/DJHU ¨¨ OD IDPH QRL VWHVVL VLDPR OD IDPH IDPH YLYHQWH{ 3HUFL² OD IDPH ¨ XQ /HLWPRWLY GL WXWWR LO OLEUR L l,O /DJHU
/DIDPH /DIDPH
*UD]LHD/R RPL¨DFFDGXW ¨DFFDGXW *UD]LHD/RUHQ]RPL¨DFFDGXWRGLQRQGLPHQWLFDUHGLHVVHUHLRVWHVVRXQXRPR{
XQ XRPR X PR OD VX VXD /RUHQ]R HUD XQ VXD XPDQLW HUD SXUD H LQFRQWDPLQDWD HJOL HUD DO GL IXRUL GL TXHVWR PRQGR GL QHJD]LRQH
PLQDQGR QGR WXWWD OOD VFDOD GL lQRQ XRPLQL{ SUHVHQWH QHO FDPSR GDOOH 66 DL .DSRV DL VRPPHUVL FRQFOXGH l0D HVDPLQDQGR
VSRVWD/DIUHTX SRVWD/DIUHT ULFHYHULVSRVWD/DIUHTXHQWD]LRQHGLTXHVWDSHUVRQDFDULWDWHYROHHGLVLQWHUHVVDWDG FDORUHDOODYLWDGHOSULJLRQLHURFKH
HSHUVHLPHVLS SHUVHLPHVLS /RUHQ]RFKHSHUVHLPHVLSRUWDSDQHHDYDQ]LGLUDQFLRD/HYLJOLUHJDODXQDPDJOLDHVSHGLVFHXQDVXDFDUWROLQDDFXL
JQRLQYHQWDWR RLQYHQWDW DWWUDYHUVRXQVRJQRLQYHQWDWRSHUSLHW 0DLOYHURUDSSUHVHQWDQWHGHOOߞXPDQRLQPH]]RDOOߞDELH]LRQH¨OߞRSHUDLRFLYLOH
IO D U E T S BIL I R D E P EN O V T N S TE NO
LPSRUWDQWLVVLPRFRPHVLQWRPRGLUHVLGXDYLWDOLW ¨QHFHVVDULRFRPHVWUXPHQWRGLVRSUDYYLYHQ]DPRUDOH{6XTXHVWR
QHOOߞDFTXD WRUELGD GHO ODYDQGLQR LPPRQGR ¨ SUDWLFDPHQWH LQXWLOH DL ILQL GHOOD SXOL]LD H GHOOD VDOXWH ¨ LQYHFH
FKH lDFFDGH IDFLOPHQWH D FKL KD SHUVR WXWWR GL SHUGHUH VH VWHVVR{ FDSLYD SHU HVHPSLR FKH lODYDUVL WXWWL L JLRUQL
TXDQWRVLDIUDJLOHODSHUVRQDOLW XPDQDVXlFKHFRVDFLKDQQRIDWWLGLYHQWDUHTXDQWRFL¨VWDWRWROWR{0DVDSHYDJL
QHOOߞLQIHUPHULDGRYHODPDQFDQ]DGHOGLVDJLRILVLFRIDHPHUJHUHODFRVFLHQ]DQHOOߞLQIHUPHULDFKH/HYLULIOHWWHVX 6RSUDYYLYHQ]HGLDPLFL]LDHGLFDULW
ODERUDWRULR FHUFD GL FDSLUH TXDOFRVD GHOOߞHVDPLQDWRUH GRWWRU 3DQQZLW] IUHGGDPHQWH FRUWHVH FKH FRVD SHQVD FKH
ILVLFKHUHVHSXEEOLFKHHVSOLFLWDULGX]LRQHGHOOߞXRPRDFRVD +DXQJUDQGHULOLHYRVLPEROLFRLOJHVWRGHOFLWDWR$OH[
/D GLJQLW GHOOߞLQGLYLGXR SUHQGH RFFDVLRQH GL ULVFDWWR GD XQD UHTXLH DQFKH PLQLPD $FFDGH SHU HVHPSLR
VRQR SLº FRPSOHVVL FRV /HYL SXU QHO PRPHQWR YLWDOPHQWH GHFLVLYR GHOOߞHVDPH GL FKLPLFD FKH SRWU DQQHWWHUOR DO
,O OLEUR PHQWUH HYLWD L SDUWLFRODUL SLº DWURFL VL VRIIHUPD VX WXWWH OH RIIHVH DOOD GLJQLW H SHUVLQR DOOD SHUVRQDOLW
COPIA NON VENDIBILE
LQGLYLGXDOH GDOOH SHUFRVVH DOOH XPLOLD]LRQL ILVLFKH YLROHQ]D H DUURJDQ]D QHO PRGR GߞLQWHUSHOODUH QXGLW H IXQ]LRQL
TESTO PER STUDIO UNITO
VFRSHUWDSUHQGRQRLQL]LDWLYHSHULOFLERHOߞLJLHQHULDFTXLVWDQRLOORUROLEHURDUELWULR
WHPSRGHO/DJHUVLSUHVHQWDRJQLPDWWLQDFRPHHWHUQRHDILQHJLRUQDWDTXDQGRORVL¨lSHUIRUDWRDWWUDYHUVRWXWWLLVXRL
IO D U E T S BIL I R D E P EN O V T N S TE NO
GLDOWUHDQDORJKHVRQRFRQFHQWUDWLQHOODVWUD]LDQWHLPSDVVLELOLW GLXQDIUDVHl&RVPRU(PLOLDFKHDYHYDWUHDQQL GLDOWU GL DORJKHVRQRF
SRLFK©DLWHGHVFKLDSSDULYDSDOHVHODQHFHVVLW VWRULFDGLPHWWHUHDPRUWHLEDPELQLGHJOLHEUHL{ SR DLWHGHVFKLDS DLWHGHVFKLDSS
+¤IWOLQJH QHO FDPSR RUJDQL]]D]LRQH H WLSRORJLD GHO ODYRUR PRGDOLW GHOOD GLVWULEX]LRQH GHO UDQFLR IXQ]LRQDPHQWR
GHOOߞLQIHUPHULD H GHO ODERUDWRULR (JOL FRQVLGHUD DQFKH LO FDPSR FRPH XQ HVSHULPHQWR GL VRFLHW SULPLWLYD
COPIA NON VENDIBILE
VRORLQWHUURWWRGDOFDQFHOORFRQODVFULWWDl$UEHLWPDFKWIUHL{FLUFRQGDLFDSLWROL>,, @>;9, @FRVFRPHLO/DJHU)XRUL
/DVWUXWWXUDGL6HTXHVWR¨XQXRPRSX²HVVHUHYLVWDVLQWHWLFDPHQWHFRPHXQRVFKHPDFRQFHQWULFR,OILORVSLQDWR
/RVFKHPDFRQFHQWULFRHOߞ,QIHUQRGL'DQWH
0RGHOOLHIRQWL
SRWHVVHVXVVLVWHUHDOGLTXDGHOILORVSLQDWR
lEHQH{HlPDOH{lJLXVWR{HlLQJLXVWR{JLXGLFKLRJQXQR>ߨ@TXDQWRGHOQRVWURFRPXQHPRQGRPRUDOH
9RUUHPPRRUDLQYLWDUHLOOHWWRUHDULIOHWWHUHFKHFRVDSRWHVVHURVLJQLILFDUHLQ/DJHUOHQRVWUHSDUROH
JLXGL]LR'RQGHODFRQFOXVLRQHGHOFDSLWROR>9,,, @FROSUHVVDQWHDSSHOORDOOHWWRUH
OߞLPSRUWDQ]DGLlSURWH]LRQL{TXDOLFKHVLDQR0DODFXULRVLW VHQRQULIXJJHGDOSLWWRUHVFR¨VHPSUHILQDOL]]DWDDXQ WRUH HILQ HILQDO
GHOPRQGRHVWHUQRFRVGDSURFXUDUVLDGHVHPSLRWDEDFFRGLVFDUWR/HYLSDUODGLXQDYHUD%RUVDHWLHQHEHQSUHVHQWH GLXQDYH GLXQDYHUD HWLHQHEHQ HWLHQHEHQS
FRPELQDQGRVFDPELHIIHWWLYLSLFFROHWUXIIHHIXUWLGLPDWHULDOLRIXUWLUHFLSURFLVLQRDFUHDUHFRQWDWWLFRQOߞHFRQRPLD VLQRDFUHDUHF WWLFRQOߞHFRQRP FRQOߞHFRQR
FRPPHU WUD UD L GHWHQXWL GHWHQXW ( LQ SDUWLFRODUH LO FDSLWROR >9,,, @ PRVWUD FRPH VL VLD VYLOXSSDWR QHO /DJHU XQ ILWWR FRPPHUFLR
DOODORWWDSHUODYLWD
XRPRGLIURQWH VWDELOLUHFKHFRVDVLDHVVHQ]LDOHHFKHFRVDDFTXLVLWRQHOFRPSRUWDPHQWRGHOOߞDQLPDOHXRPRGLIURQWH
VWLWXLUH SHU LQIHULRUH D WXWWL L ELVRJQL ¨ TXDQWR GL SLº ULJRURVR XQR VSHULPHQWDWRUH DYUHEEH SRWXWR LVWLWXLUH
UWXWWL UWXWWL FXOWXUDHFRVWXPLHVLDQRTXLYLVRWWRSRVWLDXQUHJLPHGLYLWDFRVWDQWHFRQWUROODELOHLGHQWLFRSHUWXWWLH
D 6L ULQFKLXGDQR WUD L ILOL VSLQDWL PLJOLDLD GL LQGLYLGXL GLYHUVL SHU HW FRQGL]LRQH RULJLQH OLQJXD
FDSLWROR>,; @
TESTO PER STUDIO UNITO
VWUDFFLDWD{3UHVWRDQFKHLQXRYLVDUDQQRlWUDVIRUPDWLQHLIDQWDVPLLQWUDYLVWL{ODVHUDSULPD(SXUHTXLLOFHUFKLRVL
EUDFFLD ULJLGH{ XQ lEXIIR EHUUHWWLQR{ LQ FDSR H lXQD OXQJD SDODQGUDQD D ULJKH FKH >ߨ@ VL LQGRYLQDYD VXGLFLD H
VWUDQLLQGLYLGXL{FKHFDPPLQDQRlLQTXDGUDWLSHUWUHFRQXQFXULRVRSDVVRLPSDFFLDWRLOFDSRVSHQ]RODWRLQDYDQWLHOH
5RVDPXQGDH DOWUH PDUFHWWH &L² FKH VWXSLVFH GL SLº H SUHILJXUD OߞDYYHQLUH GHL QXRYL DUULYDWL VRQR L lGUDSSHOOL GL
DVVLVWHUHDTXDOFKHGUDPPDSD]]R{PHQWUHVHPEUDlXQDFRORVVDOHEXIIRQDWDGLJXVWRWHXWRQLFR{ODIDQIDUDFKHVXRQD
IDQQR SHQVDUH D /HYL lWXWWR TXHVWR ¨ XQD JUDQGH PDFFKLQD SHU ULGHUH GL QRL H YLOLSHQGHUFL{ RSSXUH lFL SDUH GL
VDUFDVWLFD{ FKH /HYL GHILQLVFH VXELWR FRQ L FRPPHQWDWRUL GDQWHVFKL lDQWLQIHUQR{ *L OH SULPH PLVXUH YHVVDWRULH
3HU² LO SDVVDJJLR DOOD WUDJHGLD SHUPDQHQWH DYYLHQH DWWUDYHUVR OD VRJOLD GHO JURWWHVFR lLQ FKLDYH JURWWHVFD H
l6LDPRDUULYDWLDOIRQGR3LºJLºGLFRVQRQVLSX²DQGDUH{HDQFRUDl(FFRPLGXQTXHVXOIRQGR{
PRGR SHU LQGLFDUH LO UDJJLXQJLPHQWR GHOOߞXPLOLD]LRQH PDVVLPD ¨ FRPH LQ 'DQWH WRSRORJLFR XQR VSURIRQGDPHQWR
SRFRDYDQWLl4XLQRQKDOXRJRLO6DQWR9ROWR_TXLVLQXRWDDOWULPHQWLFKHQHO6HUFKLR{GL,QIHUQR;;,,O
PDFKWIUHL{ULSHWHFRQFUXGHOHLURQLDLOl/DVFLDWHRJQLVSHUDQ]DYRLFKߞHQWUDWH{GL,QIHUQR,,,0D/HYLFLWDDQFKH
FDPSR¨LOlQRVWURFDURQWH{HORVFULWWRUHVLDVSHWWDFKHHVFODPLl*XDLDYRLDQLPHSUDYH{,QTXDOFKHPRGROߞl$UEHLW
VRQRSUREDELOPHQWHTXHOOLGL&HUEHURVHVXELWRGRSRLOVROGDWRFKHGHUXEDLSUHVFHOWLFRQGXFHQGROLLQDXWRFDUURDO
VXELWRDOOߞLQIHUQRGDQWHVFR,lEDUEDULFLODWUDWLGHLWHGHVFKLTXDQGRFRPDQGDQR{FIUFRQlXQDUDXFDYRFHWHGHVFD{
GLFHDOOߞLQL]LRGHOFDSLWROR>,, @lLQIHUQDOH{¨ODPXVLFDVFRQFLDPHQWHDOOHJUDFKHDFFRJOLHLQXRYLDUULYL(/HYLSHQVD
/D]RQDLQWHUQDDOILORVSLQDWR¨XQLQIHUQRDQ]LOߞLQIHUQRl4XHVWR¨OߞLQIHUQR>ߨ@¨FRPHHVVHUHJL PRUWL{VL
GLGLVWUX]LRQHSHUYDGHLOOLEURFRQXQDSDXUDLQQRPLQDELOH
FDSLWROR>;,,, @HDLUHODWLYLFRPPHQWL/ߞHOLPLQD]LRQHVLVWHPDWLFDYLVWDFRPHXQHYHQWRSDYHQWDWRHXQDVHULHGLRQGDWH
DDOOߞHYLGHQ]D¨FRPPHQWDWRGD6FKPXOHNl(UZLOOQL[YHUVWD\HQߙQRQYXROHFDSLUH{DOUDFFRQWRGLXQDVHOH]LRQHQHO
GHOOH VXFFHVVLYH HOLPLQD]LRQL GDO GLDORJR FRQ :DOWHU H 6FKPXOHN FDSLWROR >,9 @ LQ FXL OR VIRU]R GL QRQ FUHGHUH GHOOH
SUREOHPLPRUDOLHFRQGL]LRQLSVLFRORJLFKH4XHVWRUHQGHLQUHDOW DQFRUDSLºWHUULELOHOߞLQFRPEHUHGHOOHVHOH]LRQLH SUREOHPL SUREOHPL
SURFHGXUHGHOODJDVVLILFD]LRQHHGHOODFUHPD]LRQHHVSRVWLLQYHFHQHOOߞDUWLFRORGLl0LQHUYDPHGLFD{ PDLQGDJDUHVX SURFHGXUHGHO SURFHGXUHGH
LQWHQGH VFULYHUH VXJOL RUURUL GHO /DJHU WDQWߞ¨ YHUR FKH QRQ VL VRIIHUPD VXO IXQ]LRQDPHQWR H OH FUXGHOL /HYL QRQ LQWHQ
EDQFKLQDLOOXPLQDWDGDLULIOHWWRUL,OGLVXPDQRHODIROOLDLGHRORJLFDFKHSURGXVVHUROHWUDJHGLHYLVWHGD/HYLHPLOLRQL EDQFKLQDL QFKLQ LQDWDGDLULIOHW QDWDGDLULIOHW
JHQHUDOH VXO IXQ]LRQDPHQWR GHO /DJHU WDOL GD UHQGHUH FRPSUHQVLELOH LO UDFFRQWR WRSRJUDILD H XELFD]LRQH GHJOL
SUHPRQHWDULD GDWR FKH QRQ Yߞ¨ FLUFROD]LRQH GL GHQDUR FRQ IRUPXOD]LRQH GD WUDWWDWR GL VRFLRELRORJLD VFULYH QHO
VWDWRJLXGLFDWRVHSRWHVVHRQRODYRUDUHXWLOPHQWHSHULO5HLFK{HFRVYLDFRQDQDIRUHGLVDSSLDPRLQFXLVLFRPSHQGLD RJLXGLFDWRVH VH VHR
WXWWDTXHOODFKHHUDFKLDPDWDlODVROX]LRQHILQDOH{3HULOPRPHQWRHVVLVRQRXQDPDVVDRVFXUDFKHVLDOORQWDQDVXOOD WXWWDTXHOODFK DFKLDPDWDl FKLDPDWDl
$QFKHQHOOHLQWHUYLVWH/HYLKDVHPSUHFRQVLGHUDWRFRPHXQDVXDIRU]DODFXULRVLW XQLWDDOODPHQWDOLW VFLHQWLILFD
ILQLURQRVXELWRQHOOHFDPHUHDJDVl2JJLSHU²VDSSLDPRFKHLQTXHOODVFHOWDUDSLGDHVRPPDULDGLRJQXQRGLQRLHUD RVXELWRQHOO RVXELWRQHOOHF
FKHVRQRDQFKHVSLHJD]LRQL VXOIDWWRFKHHVVL GDOOH66$OVX VHOH]LRQDWLGDOOH66$OVXRULFRUGRVLVRYUDLPSULPRQRRUDOHQRWL]LH
HOOߞDQQLHQWDPHQ OOߞDQQLHQWDP FRPSOHVVLYRGHOOߞDQQLHQWDPHQWRSURJUDPPDWR(JOLYHGHVSDULUHDOOߞDUULYRGRQQHEDPELQLHYHFFKLVRPPDULDPHQWH
GHULYDWDGDJOLVWXGLGLFKLPLFD'LTXLLOIDWWRFKH6HTXHVWR¨XQXRPRQRQVLOLPLWDDIRUQLUHLQIRUPD]LRQLGLFDUDWWHUH
/ߞRUULELOHODERUDWRULRVRFLDOH
, @LOTXDGUR ,OUHVWRGHOOLEURVLVYROJHHQWURLOILORVSLQDWR6LQRWLSHU²FKH/HYLFRQGHQVDJL DOODILQHGHOFDSLWROR> VLVYROJ
GDOOߞHVSORUD]LRQH GHO FDPSR GD SDUWH GHL SULJLRQLHUL FKH PDL OߞDYHYDQR YLVWR QHOOD VXD LQWHUH]]D HVVL PXRYRQR DOOD
HUDPHJOLRQRQIDUOR{H/HYLORWWDFRQWURlODSHQDGHOULFRUGDUVLLOYHFFKLRIHURFHVWUXJJLPHQWRGLVHQWLUVLXRPR{,O
PLQXWL{¨GLPHQWLFDWRDQQXOODWRTXDOXQTXHIXWXUR¨LPSHQVDELOH
FRPSDJQLFKHKDQQRULSDUDWRODORURILQHVWUDl)XTXHOORLOSULPRJHVWRXPDQRFKHDYYHQQHIUDQRL{ HVRSUDWWXWWR
>;9,, @ OD ULSUHVD GL XPDQLW ¨ VHJQDWD GRSR OD IXJD GHL WHGHVFKL GDO SDQH FKH JOL RVSLWL GL XQD EDUDFFD RIIURQR DL
YLYL{ 8PDQR H GLVXPDQR VL DFFRVWDQR QHOOD ELDQFKHULD GHL EDPELQL VWHVD VXO ILOR VSLQDWR GL )RVVROL 1HO FDSLWROR
GLTXHVWH¨EHQHFKHQRQUHVWLPHPRULD{l&LGLFHPPRDOORUDQHOOߞRUDGHOODGHFLVLRQHFRVHFKHQRQVLGLFRQRIUDL
VWHVVDHSHUJOLDOWUL4XDQWRDOUHVWR/HYLXVDVSHVVRODSUHWHUL]LRQHl0ROWHFRVHIXURQRDOORUDIUDQRLGHWWHHIDWWHPD
*DWWHJQRFKHSUHSDUDFRQFDOPDLOFLERSHULOYLDJJLRHSRLDFFHVHOHFDQGHOHFHOHEUDODFHULPRQLDIXQHEUHSHUVH
YLDJJLR /ߞXPDQLW GHO UDFFRQWR KD LO SXQWR SLº DOWR QHO FRPSRUWDPHQWR GLJQLWRVR H FRQVDSHYROH GHOOD IDPLJOLD
Fߞ¨OߞXPDQLW GHQWUROߞLQXPDQLW 1HOFDSLWROR>, @DEELDPRJOLHEUHLLQDWWHVDGHOYLDJJLRGLGHSRUWD]LRQHHGXUDQWHLO
COPIA NON VENDIBILE
IDQWDVLHSHUTXHVWRJOLLWDOLDQLFHVVDQRLORURULWURYLGRPHQLFDOLlDULWURYDUVLDFFDGHYDGLULFRUGDUHHGLSHQVDUHHG
VWHULOHHVWDJQDQWH{/DSUHSRWHQ]DGHOSUHVHQWHVLDOOHDDOSURSRVLWRGHOLEHUDWRGLQRQDEEDQGRQDUVLDLULFRUGLRDOOH
SDUHYD SRVVLELOH FKH YHUDPHQWH HVLVWHVVH XQ PRQGR H XQ WHPSR VH QRQ LO QRVWUR PRQGR GL IDQJR H LO QRVWUR WHPSR
VSHUDQ]H FKH LPSOLFDQR XQ IXWXUR ¨ PHJOLR DFFDQWRQDUOH FRPH DFFDGH DOOH QRWL]LH VX YLWWRULH GHJOL $OOHDWL lQRQ
FDUERQH{l$GDUHXQFROSRGLVSXJQDDOSDVVDWRHDOIXWXURVLLPSDUDDVVDLSUHVWRVHLOELVRJQRSUHPH{SHUVLQROH
EHQSLºXUJHQWLHFRQFUHWLSUREOHPLGHOIXWXURSURVVLPRTXDQWRVLPDQJHU RJJLVHQHYLFKHU VHFLVDU GDVFDULFDUH
'RPLQDLQFRQWUDVWDWRLOSUHVHQWHlLOSUREOHPDGHOIXWXURUHPRWR¨LPSDOOLGLWRKDSHUVRRJQLDFXWH]]DGLIURQWHDL
/ߞXFFLVLRQHGHOWHPSR
TESTO PER STUDIO UNITO
TXHOORGHOODPRUDOHDOODFXLPLVXUD/HYL¨DXWRUL]]DWRGDFL²FKHKDYLVWRHVHQWLWRDHPHWWHUHJLXGL]L
5LIHULPHQWL GDQWHVFKL ULDSSDULUDQQR TXD H O PHQWUH ¨ WXWWR GDQWHVFR LO FDSLWROR >;, @ /HYL H 3LNROR VWDQQR
FDSLWRORGRSROHYRFLSOXULOLQJXLLQFXLVLDQQXQFLDOD]XSSDGLFDYROLHUDSHVLFKLXGHFRQODFRQGDQQDGLl,QILQFKHߞO
FRQWHPSRUDQHDPHQWHXQߞDOWLVVLPDYRFHGHOOߞXPDQLW HXQULIHULPHQWRDOOߞLQIHUQRFKHKDLQJKLRWWLWRLSURWDJRQLVWL(LO
PHVVDJJLR OR ULJXDUGD lULJXDUGD WXWWL JOL XRPLQL LQ WUDYDJOLR{ H DVFROWD H LQFRUDJJLD 4XL OD &RPPHGLD ¨
IDQQR JOL XRPLQL TXDQGR XDQGR VDQQR GL GRYHU PRULUH{ H DO ULFRUGR JL FLWDWR h GHL *DWWHJQR FKH SURYYHGRQR XDQGR
RFFKLXPDQLQRQDYUHEEHURGRYXWRDVVLVWHUYLHVRSUDYYLYHUH{lQHVVXQR>ߨ@HEEHDQLPRGLYHQLUHDYHGHUHFKHFRVD
lVSHWWUDOHDOEDGLQHYH{ VLDSUDDXQDUDWWHQXWDWUDJLFLW l(YHQQHODQRWWHHIXXQDQRWWHWDOHFKHVLFRQREEHFKH
QDVFRQGRQRLPLQRULGLHWURLPDJJLRUL{4XHVWRDOOHYLDLOIDUGHOORQHOVHQVRFKHVLG DOODVRPPDGLSHQHLOQRPHGL TXHOODSLºHVWHVDPDSUHSDUDDQFKHXQߞLQILQLW GLGHOXVLRQLSHUFK©RJQLYROWDFKHODSHQDPDJJLRUHVLDWWHQXDRYLHQH PHQR VSXQWDQR GLHWUR DG HVVD XQD GRSR OߞDOWUD OH VXFFHVVLYH LQ XQ SURFHVVR DG LQILQLWXP 4XHVWD FRQFH]LRQH PLOOLPHWULFDGHOODVRIIHUHQ]D¨VYLOXSSDWDLQPRGRDQDORJRPDFRQWHUPLQLGLYHUVLDOOߞLQL]LRGHOFDSLWROR>;,9 @4XLLO FXPXORGHOOHDYYHUVLW VLSUHVHQWDLQPRGRWDOHFKHDQFKHOߞDVVHQ]DGLXQDVRODGHOOHDYYHUVLW SRVVLELOLDSSDUHFRPH XQD VSHFLH GL IRUWXQD H WUDWWLHQH GDOOD GLVSHUD]LRQH 1RQ VROR PD EDVWHUHEEH XQ PLQLPR FRQIRUWR SHU HVHPSLR XQ FHQFLRDVFLXWWRFKHSHU²¨VRORXQGHVLGHULR SHUGDUHXQDlIHOLFLW SRVLWLYD{
WUDPDWRVXXQVROR/HLWPRWLYFKHVYHODSURJUHVVLYDPHQWHOHVXHDWURFLLPSOLFD]LRQLFRVLOFDSLWROR>;9 @FKHLQL]LD
l4XDQWLPHVLVRQRSDVVDWLGDOQRVWURLQJUHVVRLQFDPSR"{HWHUPLQDl4XHVWߞDQQR¨SDVVDWRSUHVWR{PDDWWUDYHUVROH
YDULD]LRQL LQWHUPHGLH l4XDQWL IUD QRL JLXQJHUDQQR YLYL DO QXRYR DQQR"{ l4XHVWߞDQQR ¨ SDVVDWR SUHVWR{ VHUYH D
PRVWUDUHFKHLOWHPSRSDVVDWRQHO/DJHUVLPLVXUDGDOQXPHURGHLPRUWLHLOIXWXURGDOOHSUREDELOLW GLDJJLXQJHUVLD
TXHVWLPRUWL'HOUHVWRLO/HLWPRWLYGHOOHLQGLFD]LRQLGLVWDJLRQHHGLFOLPDDWWUDYHUVDWXWWRLOOLEURFRPHXQDVHULHGL
ULQWRFFKLIXQHEUL
COPIA NON VENDIBILE
TESTO PER STUDIO UNITO
6RQRSHQVLHULLVSLUDWLVSHVVRGDOOHFRQGL]LRQLFOLPDWLFKHGDWRFKHLOIUHGGRLOYHQWRODQHYHVRQRQHPLFLPRUWDOL
ULIOHVVLRQL VXOOD SURVSHWWLYD GL SHQH H GRORUL L TXDOL lQRQ VL VRPPDQR SHU LQWHUR QHOOD QRVWUD VHQVLELOLW PD VL
1RLQYHULW LQTXHVWRPLRFRPSDJQRGLRJJL>ߨ@QRQVHQWRXQQHPLFRQ©XQULYDOH{ RSSXUHXQFDSLWRORLQWHUR¨
(IILFDFLVVLPDDQFKHODSURVSHWWLYDGHLWHPSL LWHPSLQDUUDWLYLSDVVDWLUHPRWLHSURVVLPLODVFLDQRWDORUDLOSRVWRD
RVVHUYD]LRQL SVLFRORJLFKH /HYL QH RIIUH GL FRQWLQXR FRQ DFXWH]]D GHJQD GL 0RQWDLJQH 6HJQDOR SHU HVHPSLR OH
,QROWUH LO FRQWDWWR FRO OHWWRUH QRQ ¨ PDQWHQXWR VROR GDJOL DSSHOOL GLUHWWL PD DQFKH GDOOD PLPHVL GHL PRYLPHQWL
VFLYRORVL GHOOD FRVFLHQ]D OH FRQWUDGGL]LRQL GHO VHQWLPHQWR L SDVVDJJL WUD UHDOW H VRJQR 6L EDGL LQWDQWR DOOH
/HYL SXU GLFKLDUDWR IDXWRUH GHOOD FKLDUH]]D KD XQD VWUDRUGLQDULD FDSDFLW GL GHVFULYHUH JOL VWDWL SLº VIXJJHQWL H
*OLVWDWLGLFRVFLHQ]D
TXLh
DWWDFFDWHFRQXQILORDLVDVVLHLOYHQWROHVFXRWH{RTXHOODGHOODEHQQDYLVWDFRPHXQDHQRUPHERFFDGLYRUDQWHFIU
GDFRPSDUD]LRQLVWUDRUGLQDULHTXHOODGL1XOO$FKW]HKQFRQlFHUWHVSRJOLHGLLQVHWWLFKHVLWURYDQRLQULYDDJOLVWDJQL
WUDVODWLFRPHLlEDUEDULFLODWUDWLGHLWHGHVFKL{RFRPHXQlRJJL>ߨ@SHUIRUDWRDWWUDYHUVRWXWWLLVXRLPLQXWL{HDQFKH
UHWLFHQ]H SLHQH GL VXJJHVWLRQH QRQ ¨ VROR DQLPDWD GDO SOXULOLQJXLVPR GL FXL DO h PD DQFKH GD LPSUHVVLRQDQWL UUHW
/D VFHOWD GL XQ OLQJXDJJLR VRVWDQ]LDOPHQWH OHWWHUDULR DQFKH VH FRQ HIILFDFL LQQDO]DPHQWL GL WRQR VPRU]DWXUH H
VRVWDQWLYL VRVWDQWLYL VRVWDQWLYL
QHL SULJLRQLHUL lFROOHUD H ULVR H XQR VWUDQR VROOLHYR{ VL QRWL OD VHULH VROR DSSDUHQWHPHQWH LQFRQJUXD GL FKH VXVFLWD QH
FKHVLLQWDVFDGHQDURHRURORJLULFKLHVWLDLQXRYLDUULYDWLGDWRFKHlGRSR{QRQVHUYLUDQQRSLº8QDlLQL]LDWLYDSULYDWD{ VLLQWDVFDGHQD LQWDVFDGHQ
UXPRUHFRQIXVRFKHGHQXQ]LDGLORQWDQRLOXRJKLDELWDWL{ FRQFOXGHQGRFRQODPDFDEUDFRPLFLW GHOVROGDWRWHGHVFR UXP FRQIXVRFKHGH
VWDFFDWDl6LYHGHYDQRGDHQWUDPELLODWLGHOELQDULRILOHGLOXPLELDQFKLHURVVLDSHUGLWDGߞRFFKLRPDQXOODGLTXHO VWDFFDWD LYHGHYDQRGD YHGHYDQRGD
VROOHYDWDTXDHO GDFRQYXOVLRQLLPSURYYLVHVXELWRVSHQWHGDOODVWDQFKH]]D{ RUDSHUVLQRSDVVLELOLGLFRQWHPSOD]LRQH VROOHYDWDTX VROOHYDWDT GDFRQYXOVLR
FDQGHODULYHODQHOYDJRQHSLRPEDWRlXQEUXOLFKLRIRVFRXQDPDWHULDXPDQDFRQIXVDHFRQWLQXDWRUSLGDHGRORURVD FDQGHODULYHOD FDQGHODULYHOD DJRQHS DJRQHSL
HYLGHQWH DVVLPLODWD GDOOH YLWWLPH H ULHVFH DQFKH D UHJLVWUDUH VHQVD]LRQL YLVLYH RUD VFRQVRODWH FRPH TXDQGR OD HQWH H H DVVLPLOD DVVLPLO
GHOOߞHVRGRRJQLVHFRORULQQRYDWR{,OFDSLWRORFRQWLQXDFRQDQDORJKLSDVVDJJLGDOODFURQDFDDOODWUDJLFLW VHPSUHSLº GRRJQLVHFROR RRJQLVHFROR
LPSURYYLVD LPSHQQDWD VDOH DOOD ULIOHVVLRQH VXO lGRORUH DQWLFR GHO SRSROR FKH QRQ KD WHUUD LO GRORUH VHQ]D VSHUDQ]D PSHQQDWD VDOH
VHUHQDPHQWH DOOH H QHFHVVLW GGHL EDPELQL H SRL LQL]LDQR OH SUHJKLHUH H OH ODPHQWD]LRQL IXQHEUL ULFRUGR FKH FRQ
PHQWDOLFRPHTXDQGRXQDFRQFOXVLRQHYLHQHVXELWRSUHFLVDWDRFRUUHWWDSHUHVHPSLRl7XWWLFLVRQRQHPLFLRULYDOL__
VLJQLILFDWR¨UDFFKLXVR>ߨ@{l6LLPPDJLQLRUDXQXRPRDFXL>ߨ@{
HVVHUH WUDSXQWD VLD GD FRQVLGHUD]LRQL PRUDOL VLD GD DSSHOOL DO OHWWRUH l0D FRQVLGHUL YDORUH TXDQWR HUL RRJQXQR TXDQWR R Y YDO
FKHVWDVHUDWRFFDDWHLOVXSSOHPHQWRGL]XSSD{ XQDWHU]DSHUVRQDGHVFULWWLYDHDSSDUHQWHPHQWHQHXWUDOHFKHSHU²SX² DSSDUHQW DSSDUHQWHPH HXWUDOHFKHSH XWUDOHFKH
N
LQQXPHUHYROL{ XQDVHFRQGDSHUVRQDULYROWDDXQlVHVWHVVRJHQHUDOL]]DWR{SHUHVHPSLRlSLRYHHWLUDYHQWRPDVDL HVHPSLRlSLR WLUDYHQWRPD UDYHQWRPD
JLXGLFDQWH XQD SULPD SHUVRQD SOXUDOH GL YDORUH FROOHWWLYR l%XQD >ߨ@ LQ FXL VRIIULPPR H PRULPP XL QRL VRIIULP PRULPPR
&RQVWUDRUGLQDULVSRVWDPHQWLGHOSXQWRGLYLVWD6HTXHVWR¨XQXRPRDOWHUQDXQDSULPDSHUVRQDDXWRELRJUDILFDR LPDSHUVRQD LPDSHUVRQDDX RJUDILFDR JUDILFDR
FDSDFLW GLFRQWHPSHUDUHLYDULDWWHJJLDPHQWLFRPXQLFDWLYLJL QRWDWDDOh
QHOOD SDVVLRQH SHU 'DQWH OD SUHFLVLRQH ¨ FRDGLXYDWD LQVRPPD GD XQD LQFRPSDUDELOH DWWLWXGLQH HVSUHVVLYD GDOODD GLQH HVSUHVVLYD
GDJOLVWXGLVFLHQWLILFLFKLPLFL VDUHEEHLQVXIILFLHQWHVHQRQVLDJJLXQJHVVHXQߞHGXFD]LRQHDOODSDURODFKHKDLOVLPEROR FKHKDLOVLP KHKDLOV
GDOODOXFLGLW GHOODPHPRULDGDOOߞDFXWH]]DGHOODULIOHVVLRQHHGDOVXROLYHOORPRUDOH$SSHOODUVLDOODSUHFLVLRQHGHULYDWD VLRQH HULYDWD HULYD
WXWWLJOLVFULWWLDQDORJKLGLUHGXFLGHL/DJHUSHUODVXDHFFH]LRQDOHTXDOLW OHWWHUDULD8QDTXDOLW FKHGLSHQGHVRSUDWWXWWR SUDWWXWW SUDWWXWWR
GRSR$XVFKZLW]QRQVLSX²SLºVFULYHUHSRHVLDGLFHYD$GRUQR 0D6HTXHVWR¨XQXRPRKDVXSHUDWRGLJUDQOXQJD OXQJD XQJD
6L KD ULWHJQR D JLXGLFDUH FRQ FULWHUL HVWHWLFL XQ OLEUR FKH KD GLHWUR WDQWD VRIIHUHQ]D SHUVRQDOH H PLOLRQL GL PRUWL WL
&RPXQLFD]LRQHOHWWHUDULDHSURVSHWWLYHGHOOߞHQXQFLD]LRQH
/ߞDUWH
PDUIXVRSUDQRLULQFKLXVR{
3HUIDUVLXQߞLGHDGHOODJDPPDWRQDOHGL6HTXHVWR¨XQXRPRVLVFRUUDDQFKHYHORFHPHQWHLOFDSLWROR>, @HVLYHGU FRPH OD UHOD]LRQH TXDVL GLDULVWLFD LQ FXL SHU² HPHUJRQR VLQWDJPL HIILFDFL FRPH lFLYLOL IDQWDVPL FDUWHVLDQL{ R
IO D U E T S BIL I R D E P EN V N O
DSSDUYH XQD PRQWDJQD EUXQD >ߨ@{ LO GHVWLQR lFRPH DOWUXL SLDFTXH{ 3LNROR FRPSUHQGH FRQIXVDPHQWH FKH LO
QRELOW XPDQD l)DWWL QRQ IRVWH D YLYHU FRPH EUXWL _ PD SHU VHJXLU YLUWXWH H FRQRVFHQ]D{ OH DPDWH PRQWDJQH lPL
FDQWRFߞ¨H/HYLFLVHQWHWXWWROߞLQILQLWRRUL]]RQWHHODOLEHUW GHOOߞlDOWRPDUHDSHUWR{LOGRYHUHGLHVVHUHGHJQLGHOOD
PDFRQODFXQHWLSLFKHGLXQULFRUGRSDU]LDOPHQWHFDQFHOODWR6IRU]RGLUDPPHQWDUHVIRU]RGLVSLHJDUHHWUDGXUUH(QHO
¨DOVD]LDQR/DYHORFHOH]LRQHXVDFRPHQRELOHPDWHULDOHLOFDQWRGL8OLVVH,QIHUQR;;9, FKH/HYLVDDPHPRULD
WUDVSRUWDQGRFRQOHVWDQJKHLOUHFLSLHQWHFRQOD]XSSDSHUODORUREDUDFFD/HYLYXROHLQVHJQDUHOߞLWDOLDQRD3LNRORFKH
/DJDPPDWRQDOH
GDWRFKHLOPRQGRSX²VHPSUHHLQRJQLPRPHQWRULGLYHQWDUH$XVFKZLW]XQSUHVHQWHDVVROXWR¨LQYHFHLQDOWULFDVL
DOVXRFUDQLRUDVDWRDOVXRYLVRJLDOORHDJOL]RFFROLGLOHJQRLQFURVWDWLGLIDQJR2UDYHGHVHVWHVVRFRPHDOOߞLQL]LR
DYHYDYLVWRJOLDOWULSULJLRQLHUL
XQSUHVHQWHDVVROXWRFKHSX²VLJQLILFDUHOߞLQGHOHELOLW GLXQDVFHQDRVLWXD]LRQHPDDQFKHODVXDSRVVLELOHULSHWLWLYLW
FKLXGH DO FDSLWROR >;9 @ TXDQGR ¨ /HYL VWHVVR FKH GDYDQWL DOOH UDJD]]H WHGHVFKH H OLEHUH GHO ODERUDWRULR VL VHQWH
COPIA NON VENDIBILE
VSURIRQGDUHlGLYHUJRJQDHGLLPEDUD]]R{SHQVDQGRDOODVXDGLYLVDVELOHQFDVSRUFDGLWHUUDHVDQJXHHSLHQDGLSXOFL
TESTO PER STUDIO UNITO
HOXVL JOL RUGLQL LPSDUWLWL H TXHOOR FKH GLYLGH L SULJLRQLHUL SRFR SRUWDWL DOOD VROLGDULHW DQFKH GDOOߞLQFRPSUHQVLRQH UHFLSURFDHGDOOߞDYYHUVLRQHGLJUXSSR
IDQJRHGLIXPR{
QXPHUR GL PDWULFROD VXO EUDFFLR /HYL ULIOHWWH l*XDL D VRJQDUH LO PRPHQWR GHOOD FRVFLHQ]D FKH DFFRPSDJQD LO
XQD GRQQD FKH ROWUH D QXWULUOR H RVSLWDUOR DVFROWL LO VXR UDFFRQWR SULPD LQFUHGXOD SRL FRQYLQWD GDO WDWXDJJLR GHO
LQWHUURPSHLOODYRURIRU]DWRLOQDUUDWRUHVLYHGHIXJJLUHVXXQYDJRQHLWDOLDQRJLXQJHUHLQXQSDHVHIHOLFHHWURYDUH
UDFFRQWDUH{ ,Q6HTXHVWR¨XQXRPR LO SULPR VRJQR D RFFKL DSHUWL KD OXRJR GXUDQWH LO SDVVDJJLR GL XQ WUHQR FKH
$GRUDLQFHUWDl6RJQDYDPRQHOOHQRWWLIHURFL_VRJQLGHQVLHYLROHQWL_VRJQDWLFRQDQLPDHFRUSR_WRUQDUHPDQJLDUH
FLDVFROWDVVHURQRQFLFDSLUHEEHUR{0DLOWLPRUHGHOOߞREOLRHGHOODULPR]LRQH HVSUHVVRQHOOHXOWLPHSDUROHQRQHUD
LQIRQGDWR OD GLPHQWLFDQ]D SHU OR SLº YRORQWDULD KD VDOYDWR L UHVSRQVDELOL XRPLQL H LQGXVWULH H PHVVR D WDFHUH OH
FRVFLHQ]H6L¨SHUVLQRPHVVRLQGXEELRODUHDOW GLIDWWLLQFRQWHVWDELOLHVLVRQRFHUFDWHJLXVWLILFD]LRQLDFL²FKHQRQ
GXQTXHQHOSDVVDWRFRPHQHOIXWXURTXHOODULWHQXWDQRUPDOH¨XQDEUHYHWUHJXDFRPHGHWWRQHOODSRHVLD$O]DUVLFKH PHGHWWRQHOOD VLD D$O]DUVL $O]DUVLFKH FK
WHUPLQDFRVl2UDDEELDPRULWURYDWRODFDVD_LOQRVWURYHQWUH¨VD]LR_DEELDPRILQLWRGLUDFFRQWDUH_WHPSR3UHVWR RILQLWRGLUDFFR ILQLWRGLUDFFR H_WHPSR3U WHPSR3U
XGUHPRDQFRUD_LOFRPDQGRVWUDQLHUR_:VWDZDÇ>ߡDO]DUVLߢLQSRODFFR@{
COPIA NON VENDIBILE
SOXUDOLW GHOOHOLQJXH¨HOHPHQWRIRQGDPHQWDOHGHO/DJHUDOWHGHVFRHDOSRODFFRGHJOLDJX]]LQLVLFRQWUDSSRQJRQROH
GHOOH OLQJXH TXHOOR VRWWLQWHVR DOOD FRVWUX]LRQH GHOOH SLUDPLGL Gߞ(JLWWR GD SDUWH GHJOL HEUHL (VRGR , /D
,ULIHULPHQWLELEOLFLVRQRGXHTXHOORHVSOLFLWRDOODWRUUHGL%DEHOH*HQHVL,,VXSHUELDEODVIHPDHFRQIXVLRQH
JUDQGH]]DGHLQRVWULSDGURQLLOORURGLVSUH]]RGL'LRHGHJOLXRPLQLGLQRLXRPLQL
%DEHOH H FRV QRL OD FKLDPLDPR %DEHOWXUP %REHOWXUP H RGLDPR LQ HVVD LO VRJQR GHPHQWH GL
WHJXODFHJOLNDPHQQ\EULFNVW©JODNHOߞRGLROLKDFHPHQWDWLOߞRGLRHODGLVFRUGLDFRPHOD7RUUHGL
DOOD QHEELD VLDPR QRL FKH OߞDEELDPR FRVWUXLWD , VXRL PDWWRQL VRQR VWDWL FKLDPDWL =LHJHO EULTXHV
/D7RUUHGHO&DUEXURFKHVRUJHLQPH]]RDOOD%XQDHODFXLVRPPLW ¨UDUDPHQWHYLVLELOHLQPH]]R
,OSOXULOLQJXLVPR
PDQFDGLSDUROHSHUHVSULPHUHTXHVWDRIIHVDODGHPROL]LRQHGLXQXRPR>ߨ@VHSDUOHUHPRQRQFLDVFROWHUDQQRHVH
/HYLSDUHYROHUGDUHPDJJLRUUHDOW DOORVSD]LRFRQFHQWUD]LRQDULRFKHDTXHOORRUGLQDULR/DFRQGL]LRQHGHO/DJHUVWD R/DFRQGL] R/DFRQGL]LRQ O/DJHUVWD /DJHUVWD
TESTO PER STUDIO UNITO
SLHQRVHFROR ;; FKHXQSDHVHFLYLOHHSURJUHGLWRFRPHOD*HUPDQLDDEELDUDJJLXQWRDELVVLGLDELH]LRQHPDLWRFFDWL
TXHOOLGHOODVRFLHW GHOSRWHUHGHOOHJHUDUFKLH(G¨JLXVWDPHQWHDVVLOODWRGDOODGRPDQGDVXFRPHVLDVWDWRSRVVLELOHLQ
GHOOߞDQWLVHPLWLVPRHGHOODORURHYHQWXDOHSHUVLVWHQ]DHULSHWLELOLW $QFRUDGLSLº/HYLDIIURQWDLJUDQGLWHPLPRUDOL
PROWR FDSDFH DOOH SURSULH PHPRULH SHUVRQDOL H VRSUDWWXWWR HVWHQGH OD ULIOHVVLRQH DL SUREOHPL VWRULFL GHO QD]LVPR
¨ XQ XRPR IRUWH GHOOD FRQRVFHQ]D GL WXWWD OD OHWWHUDWXUD VXOOߞXQLYHUVR FRQFHQWUD]LRQDULR )RUQLVFH FRV XQD FRUQLFH
1HOOߞ$SSHQGLFHGHOD6HTXHVWR¨XQXRPRHLQ,VRPPHUVLHLVDOYDWL /HYLULWRUQDDLWHPLGL6HTXHVWR
5LWRUQDQGRD6HTXHVWR¨XQXRPR
GHOODYLROHQ]DXQRVFKLDIIRGHO.DSRSX²HVVHUHXQDYYHUWLPHQWRRXQߞHVRUWD]LRQHSHUFKLQRQKDFRPSUHVR
9D SRL DFFHQQDWR FKH QHO /DJHU OD QRQ FRPSUHQVLRQH GHO OLQJXDJJLR ¨ DWURFHPHQWH FRUUHWWD GDOOD FRPSUHQVLRQH
SX²DYHUQH/ߞXPDQLW ¨GDYYHURSURQWDDGDOWUH$XVFKZLW]HODH[-XJRVODYLDORGLPRVWUD
&RQTXHVWLHDOWULSURFHGLPHQWL/HYLKDFRPXQLFDWRHFRPPHQWDWROߞHSLVRGLRSLºQHURQHOODVWRULDGHOOߞXPDQLW (JOL
KDGXQTXHVXSHUDWRLOLPLWLFKHWHPHYDLQVLWLQHOQRVWUROLQJXDJJLRLQFDSDFHGLDIIURQWDUHOߞHVWUHPRlODQRVWUDOLQJXD
lEUHYHYDFDQ]DRLQJDQQRGHLVHQVL{&KLDPDQGROߞLQL]LRGHOVRJQRlVRJQRLQWHUQR{HLOVHJXLWRlVRJQRHVWHUQR{ HJXLWRlVRJQ HJXLWRlVRJQR QR{
,OLPLWLGHOOߞHVSUHVVLRQH
GHJOLRSHUDLVSHFLDOL]]DWLLVSLUHU D/HYLODGXWWLOHHRULJLQDOLVVLPDLQYHQ]LRQHOLQJXLVWLFDGL/DFKLDYHDVWHOOD GHJOLRSHU GHJOLRSH
EHVWHPPLHLQYDULHOLQJXHFRVWUX]LRQLWLSLFKHGHOOߞ\LGGLVKHFF6LVDFKHSRLODPLPHVLGHOSLHPRQWHVHRGHOOߞLWDOLDQR EHVWHPPLHLQ EHVWHPPLHLQ
VWUDRUGLQDULD PHPRULD IRQLFD ID FRQVHUYDUH D /HYL HVSUHVVLRQL GHO JHUJR WHGHVFR GL FDVHUPD R GHOOD PDODYLWD /D VWUDRUGLQDU VWUDRUGLQDUL
VFDYDOFDUOR'RQQHUZHWWHUHFFRVLJXDUGDODPDQRQHUDGLJUDVVRYLVFLGR{ VFD VF DUOR'RQQHUZ
+HUUJRWWVDFUDPHQWJOLDYUHEEHIDWWRYHGHUHOXL{l,OFDYRGߞDFFLDLRGLXQDUJDQRWDJOLDODVWUDGD$OH[ORDIIHUUDSHU +HUUJR +H UDPHQWJOLDY PHQWJOLDY
GHJOL ,QWHOOLJHQWHQ GHJOL LQWHOOHWWXDOL GL IDUVL JLRFR GL OXL $OH[ XQ 5HLFKVGHXWVFKHU HEEHQH HVVHUH VHUH GH
IXQ]LRQHSOXULYRFDFKHPHVFRODLOPRGRGLSHQVDUHHGLHVSULPHUVLGHOQDUUDWRUHHGHOSHUVRQDJJLRlVHFUHGHYDQRSHU IXQ]LRQHSOXULY IXQ]LRQHSOXU FKHPHVFR
ELVRJQD RJQD VEDJOLDUH SDVVR{ R{ LQXWLOH VRWWROLQHDUH OD WRQDOLW PRUWDOH GL lVHOHNFMD{ ( Fߞ¨ LQILQH XQ SOXULOLQJXLVPR FRQ R{
:VWDZDǨXQPRPHQWRGLSHQDWURSSRDFXWD>ߨ@{l$GHVVR¨OߞRUDGLߡOLQNVOLQNVOLQNVXQGOLQNVߢOߞRUDLQFXLQRQ DǨXQPRPHQ ǨXQPRPHQ
VHFRQGR LO ULWPR SUHVWDEL SUHVWDELOLWR $XVU¼FNHQ HG (LQU¼FNHQ XVFLUH H ULHQWUDUH{ l3RFKLVVLPL DWWHQGRQR GRUPHQGR OR
RUGLQLFKHVFDJOLRQDQRODJLRUQDWDGLSULJLRQLDOHFRQQRWD]LRQLSHUORSLºVLQLVWUHFKHHVVLDVVXPHYDQRl2JQLJLRUQR OLRQDQRODJLRU LRQDQRODJL
GDOODYLWDOLEHUDDO/DJHUlHQXOODHUDYHURDOOߞLQIXRULGHO/DJHU{PHQWUHODYLVLRQHLGLOOLFDFKHKDSUHSDUDWRLOVRJQR¨ KDSUHSDUDWRLO ¨
/HYLLQVLQXDGXEELVXOODGLUH]LRQHGHOUDSSRUWR/DJHUOLEHUW ,QXQVRJQRFKHFKLXGH/DWUHJXDHJOLYLHQHULSRUWDWR JOLYLHQHUL JOLYLHQHULSR
DOODGHSUHVVLRQHFKHORSRUW²DOVXLFLGLR,OVHFRQGRQRQPHQRQRWHYROHPHVVDJJLRGHLVRJQLSHUQRLVWDQHOIDWWRFKH DQHO DQHO RFK RFKH
PDODIHGH ODUHDOW GHL/DJHUWHGHVFKLPRVWUDQRTXDQWRIRVVHURIRQGDWLLWLPRULGL/HYLIRUVHLQGRWWRDQFKHGDTXHVWR GDTXHVW GDTXHVWR
SXQWHOODWRODYLWDOLW GHOSULJLRQLHUR$JJLXQJRWUDSDUHQWHVLFKHLFRVLGGHWWLlUHYLVLRQLVWL{VPLQXHQGRRQHJDQGRLQ GRLQ
GHO UDFFRQWDUH ( FKH LO QRQ HVVHUH DVFROWDWR R FUHGXWR HTXLYDOH DOOD IUXVWUD]LRQH GHOOR VFRSR SULQFLSDOH FKH KD
SUHIHULUHXQDYROWDLOULWRUQRDOODUHDOW FRQFHQWUD]LRQDULDULVSHWWRDOODQRUPDOLW HYRFDWDGDOVRJQRSULYDGHOORVIRJR
UDFFRQWDUHHDOWHUURUHGLQRQHVVHUHDVFROWDWRRFUHGXWR6LDUULYDDOSXQWRFKHOߞDQJRVFLDSHUODPDQFDWDDWWHQ]LRQHID
0DLVRJQLKDQQRYDORULPROWRFRPSOHVVLLQ/HYL1RWRDQ]LWXWWRFKHHVVLVRQROHJDWLTXDVLVHPSUHDOELVRJQRGL
ULVYHJOLR¨ODVRIIHUHQ]DSLºDFXWD{
QHOOߞLWDOLDQRGHOQDUUDWRUH$TXHVWLIUDPPHQWL¨FHUWRDIILGDWDXQDIXQ]LRQHHYRFDWLYDLOQDUUDWRUHOHJDDLSULQFLSDOL UUDWRUH UUDWRUH$
OLQJXHPHVFRODWHSHUIDUVLFDSLUH&ߞ¨LQILQHHIILFDFLVVLPDOߞLQVHU]LRQHGLIUDPPHQWLSHUORSLºGLWHGHVFRRSRODFFR
FL VRQR VROR L GLVFRUVL ULSRUWDWL WDOL H TXDOL HG HYHQWXDOPHQWH WUDGRWWL Fߞ¨ DQFKH OD FRQWLQXD FUHROL]]D]LRQH GL GXH
SOXULOLQJXLVPRߙFKHQHOEUDQRFLWDWR¨VLPEROLFRGHOODPROWHSOLFLW GLRULJLQHGHJOLVFKLDYLߙ¨DWWXDWRYDULDPHQWH1RQ
YDULHW UHDOL]]DWH WHGHVFR GHIRUPDWR GD XQJKHUHVL IUDQFHVH GHIRUPDWR GD SRODFFKL R JUHFL H FRV YLD ,O
DIIDPDWLLQWHGHVFRIUDQFHVHHSRODFFR IDXQXVRPDWHULFRGHOOHYDULHOLQJXHLQFDVWUDQGROHOߞXQDQHOOߞDOWUDFRQWXWWHOH
IO D U E T S BIL I R D E P EN O V T N S TE NO
ILWWL]LRGHOODEDUULHUDWUD/DJHUHYLWDQRUPDOHWUDYLWDQRUPDOHH/DJHU/RVLGLFHLQXQDSRHVLD$O]DUVLGHOODUDFFROWD
OߞRUURUH GHOOH QRWWL GHO /DJHU H TXHOOR DQFRU PDJJLRUH GHL ULVYHJOL 4XDVL VHPSUH LO VRJQR FRVWLWXLVFH XQ SDVVDJJLR
WDORUD¨VHJQDODWRGDSXQWLQLGLVRVSHQVLRQHLQL]LDOLHILQDOLJLXQJHDLVSLUDUHXQLQWHURFDSLWRORLO>9 @FKHGHVFULYH
,OVRJQRIRUPDXQQRWHYROLVVLPRSDUDJUDIRDSDUWH(VVRDSSDUHVSHVVRLQTXHVWRHLQDOWULOLEULGL/HYL4XLGRYH
,VRJQL
¨QHO/DJHUSRUWDWULFHGLRGLRTXHOORFKHLVSLUDLFDSLLTXDOLSHUGLSLºVߞLQIXULDQRQHOYHGHUHQRQFRPSUHVLHSHUFL²
DXQDVSHUDQ]D3HUVLQROߞHUEDSX²HVVHUHXQߞDSSDUL]LRQHEHQHILFDGLHWURORlVWHUPLQDWRLQWULFRGLIHUURGLFHPHQWRGL
/HYL FRPH QHO EUDQR FLWDWR R FRPH DOOD ILQH GHO FDSLWROR >;, @ GRYH OD ]XSSD GL FDYROL H UDSH ¨ QRPLQDWD GDJOL
OLQJXHGHLGHSRUWDWL\LGGLVKUXVVRIUDQFHVHLWDOLDQRVSDJQRORHFF/DGLIIHUHQ]DOLQJXLVWLFDFRPHPRVWUDWRGD/HYL
GLVSHUDWDPHQWHHGHVVHQ]LDOPHQWHRSDFDHJULJLD{ XQUDJJLRGLVROHXQSUHDQQXQFLRGLSULPDYHUDSRVVRQRHTXLYDOHUH
COPIA NON VENDIBILE
GHJOL+¤IWOLQJHYHVWLWLGLUR]]DWHOD'LTXLOHVWXSHQGHGHVFUL]LRQLGHOSDHVDJJLR1HOJULJLRUHGRPLQDQWHlOD%XQD¨
TESTO PER STUDIO UNITO
JOL VWXGL VWRULFL H XOWHULRUH ELEOLRJUDILD ( VL YHGD DQFKH - 1ߨ@ 'REELDPR VRIIRFDUH JOL LPSXOVL GL QHW
JXHUUDJLXVWLILFDODSURWHUYLDVDQJXLQRVDFKH%HJLQHLVXRLKDQQRGLPRVWUDWR/ߞDUJRPHQWRSROLWLFR¨DOWUHWWDQWR JXHUUD XHUUD
SRVVLDPR RRSSRUUH D %HJLQ VRQR GXH XQR PRUDOH H OߞDOWUR SROLWLFR 4XHOOR PRUDOH ¨ LO VHJXHQWH QHSSXUH XQD
*LDPSDROR3DQVDSXEEOLFDWDVXlOD5HSXEEOLFD{GHOVHWWHPEUHl*OLDUJRPHQWLFKHQRLHEUHLGHOOD'LDVSRUD *LDPSDROR3DQ
0DVVDFUL FDPSL SDOHVWLQHVL GL 6DEUD H &KDWLOD /HYL SUHQGH SRVL]LRQH WUD OߞDOWUR FRQ XQD LQWHUYLVWD GL VDFUL QHL FDPS
GHO OXRJR G R 8Q RGRUH LQQRFXR &UHGR VLD TXHOOR GHO FDUERQH{ $JRVWRVHWWHPEUH ,VUDHOH LQYDGH LO /LEDQR
QRPHGLXQDQD]LRQH,OPRQXPHQWR¨TXHVWRLOELQDULRHLEORFFKL5LWURYDYRVHQVD]LRQL3HUHVHPSLROߞRGRUH QRPHG QD]LRQH,O
VRUWD GL YXRWR 'DYDQWL Fߞ¨ XQ WUHQR VLPEROLFR IDWWR GL EORFFKL GL JUDQLWR 2JQL EORFFR KD LO VXOOߞRUOR GL GL XQD VRUWD VRU
FDPHUH D JDV VWDWD FRQVHUYDWD OD IHUURYLD 8Q ELQDULR DUUXJJLQLWR HQWUD QHO FDPSR H WHUPLQD TXHOOR XHOOR GHOOH FDP
SURIRQGD+RYLVWRSHUODSULPDYROWDLOPRQXPHQWRGL%LUNHQDXFKHHUDXQRGHLWUHQWDQRYHFDPSLGL$XVFKZLW] RQGD+RYLVWR RQGD+RYLVWR
VHWWHPEUH &DPSLHOOR 6HFRQGD YLVLWD DG $XVFKZLW] l(UDYDPR LQ SRFKL OߞHPR]LRQH TXHVWD YROWD ¨ VWDWD H LO &DPSLHOOR &DPSLHO
SHUFK©QRQYߞ¨QXOODFKHDPLTXDQWROߞDVFROWDUHLGLVFRUVLGLODYRUR6RWWRTXHVWRSURILOR3ULPR/HYL¨XQDVRUWD
COPIA NON VENDIBILE
(VFH OߞHGL]LRQH IUDQFHVH GL /D FKLDYH D VWHOOD &ODXGH /©YL6WUDXVV VFULYH l/ߞKR OHWWR FRQ HVWUHPR SLDFHUH
FRQRVFLXWRߨ{$OXJOLR/DFKLDYHDVWHOODYLQFHLO3UHPLR6WUHJD
RVVD FRPH ODVFLR FUHGHUH QHO OLEUR PD HVLVWH ¨ XQD VSHFLH GL FRQJORPHUDWR GL SHUVRQH UHDOL FKH KR
DOLYHOORGHLPLOOH)DXVVRQHHVLVWHQWLVLDLQDOWULPHVWLHULHGDOWULOLYHOOLVRFLDOLߨ)DXVVRQHQRQHVLVWHLQFDUQHH
SXQWDDOODULYDOXWD]LRQHGHOODYRURߡFUHDWLYRߢRGHOODYRURWRXWFRXUWXQODYRURGHOUHVWRSX²HVVHUHFUHDWLYRVLD
SRQWL WULYHOOH SHWUROLIHUH H UDFFRQWD LQFRQWUL DYYHQWXUH GLIILFROW TXRWLGLDQH GHO SURSULR PHVWLHUH l,O OLEUR
3XEEOLFD/D FKLDYH D VWHOOD VWRULD GL XQ RSHUDLR PRQWDWRUH SLHPRQWHVH FKH JLUD LO PRQGR D FRVWUXLUH WUDOLFFL
UDFFRJOLHSUHVVR6FKHLZLOOHUOHVXHSRHVLHLQXQYROXPHWWRGDOWLWROR/ߞRVWHULDGL%UHPD %UHPD %UHPD
/HYL GHFLGH GL SHQVLRQDUVL H ODVFLD OD GLUH]LRQH GHOOD 6LYD GL FXL ULPDUU FRQVXOHQWH HQWH WH SHU DOWUL GGXH DQQL QQL QL /HYL
QRPLQDWDHVSUHVVDPHQWH{
IO D U E T S BIL I R D E P EN O V T N S TE NO
/HYLUDFFRJOLHLUDFFRQWLLQXQYROXPHLQWLWRODWR6WRULHQDWXUDOLHDGRWWDORSVHXGRQLPRGL'DPLDQR0DODEDLOD
GLVFRUVLXIILFLDOL{GDXQߞLQWHUYLVWDGHO
SRVVD VHPEUDUH 7URSSR IUDVWXRQR SRFR UDFFRJOLPHQWR WXWWR ULPHVVR EHQH LQ RUGLQH IDFFLDWH SXOLWH WDQWL
7RUQD DG $XVFKZLW] SHU XQD FHULPRQLD FRPPHPRUDWLYD SRODFFD l,O ULWRUQR IX PHQR GUDPPDWLFR GL TXDQWR
WHFQRORJLFRFKHYHQJRQRSXEEOLFDWLVXl,O*LRUQR{HDOWURYH
TESTO PER STUDIO UNITO
COPIA NON VENDIBILE
DSULOH0XRUHQHOODVXDFDVDGL7RULQR
0DU]R(VFRQROHHGL]LRQLIUDQFHVHHWHGHVFDGHO6LVWHPDSHULRGLFR/HYLVXELVFHXQߞRSHUD]LRQHFKLUXUJLFD XQߞRSHUD]LR XQߞRSHUD]LRQH XUJLFD JLFD
LQWHUYLVWDVFULWWDGDSXEEOLFDUHVXl7KH1HZ