DIRECTV 2006 Annual Report Download - page 45

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THE DIRECTV GROUP, INC.
On February 27, 2007, our Board of Directors authorized the repurchase of up to an additional
$1.0 billion of our common stock, from time to time through open market purchases or negotiated
transactions. The program may be suspended or discontinued at any time. The source of funds for the
purchases is our existing cash on hand and cash from operations. Purchases are made in the open
market, through block trades and other negotiated transactions. Repurchased shares are retired but
remain authorized for registration and issuance in the future.
Through December 31, 2006, we repurchased 184.1 million shares for $2.98 billion, at an average
price of $16.16 per share, which includes 130.5 million shares of our common stock purchased from
General Motors employee pension and benefit trusts. All purchases were made in accordance with
Rule 10b-18 of Securities Exchange Act of 1934 except for the shares of common stock which were
repurchased from the General Motors employee pension and benefit trusts in privately negotiated
transactions. A summary of the repurchase activity for the three months ended December 31, 2006 is as
follows:
Maximum
Total Number of Dollar
Shares Purchased Value that May
as Part of Yet Be
Total Number Publicly Purchased
of Shares Average Price Announced Plans Under the Plans
Period Purchased Paid Per Share or Programs or Programs
(Amounts in Millions, Except Per Share Amounts)
October 1—31, 2006 ................ — $ — — $54.3
November 1—30, 2006 .............. 1.4 21.76 1.4 23.8
December 1—31, 2006 .............. — — — 23.8
Total ........................... 1.4 21.76 1.4
***
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