DIRECTV 2008 Annual Report Download - page 50

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THE DIRECTV GROUP, INC.
2008 that was completed in December 2008. The authorizations allow us to repurchase our common
stock from time to time through open market purchases and negotiated transactions or otherwise. The
timing, nature and amount of such transactions will depend on a variety of factors, including market
conditions and the program may be suspended, discontinued or accelerated at any time. The sources of
funds for the purchases is our existing cash on hand and cash from operations. Purchases are made on
the open market, through block trades and other negotiated transactions. Repurchased shares are
retired but remain authorized for registration and issuance in the future.
All purchases were made in accordance with Rule 10b-18 of Securities Exchange Act of 1934. A
summary of the repurchase activity for the three months ended December 31, 2008 is as follows:
Total Number of Maximum Dollar
Shares Purchased Value that May
Total Number as Part of Publicly Yet Be 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, 2008 ............... 34 $21.57 34 $586
November 1 - 30, 2008 ............. 17 20.85 17 237
December 1 - 31, 2008 ............. 11 21.82 11 —
Total .......................... 62 21.44 62 —
Subsequent to December 31, 2008, our Board of Directors authorized the repurchase of an
additional $2 billion of our common stock.
For additional information regarding our share repurchases see Note 12 of the Notes to the
Consolidated Financial Statements in Part II, Item 8 of this Annual Report.
***
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